EDF_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Cash flows and other information

44.1.1.1.3 Nuclear fuel purchases Commitments for purchases of nuclear fuel arise from supply contracts for the nuclear plants intended to cover the EDF group’s needs for uranium and fluoration, enrichment and fuel assembly production services. The decrease in these commitments in 2017 is mainly explained by the acquisition of Framatome (see note 3.2) and elimination of intragroup commitments, as EDF is a significant customer of Framatome.

44.1.1.1.4 Gas purchases and related services Gas purchase commitments are principally undertaken by Edison and EDF. The volumes concerned for both entities at 31 December 2017 are as follows:

31/12/2017 31/12/2016

Maturity

< 1 year

1-5 years > 5 years

Total

Total

(in billions of m 3 )

Edison

154

14

43

97 16

167

EDF

24

1

7

26

Edison has entered into agreements to import natural gas from Russia, Libya, Algeria and Qatar, for a total maximum volume of 14.4 billion m 3 per year. The terms of these contracts vary between 3 and 18 years.

Under the contract with Terminale GNL Adriatico, Edison also benefits from approximately 80% of the terminal’s regasification capacities until 2034, for an annual premium of approximately €100 million.

Operating contract performance commitments given 44.1.1.2 At 31 December 2017, these commitments mature as follows:

31/12/2017 31/12/2016

6.

Maturity

Total 7,074 6,460

< 1 year

1-5 years

> 5 years

Total 5,883 4,212

(in millions of euros)

Operating guarantees given

3,215 3,655

2,294 2,117

1,565

Operating purchase commitments (1) Other operating commitments

688

205

84

102

19

165

13,739

6,954

4,513

2,272

10,260

OPERATING CONTRACT PERFORMANCE COMMITMENTS GIVEN (2)

Excluding fuel and energy. (1) Including commitments given by controlled entities to joint ventures, amounting to €835 million at 31 December 2017 (€1,121 million at 31 December 2016). (2) The increase in operating contract performance commitments given relates to consolidation of the activities of Framatome (see note 3.2).

44.1.1.2.1 Operating guarantees given are as follows:

perating guarantees given

31/12/2017

31/12/2016

(in millions of euros)

EDF

2,270 1,363 1,215

1,612 1,617 1,432

EDF Énergies Nouvelles

Edison

EDF Energy Framatome Other entities

732 714 780

630

-

592

7,074

5,883

TOTAL

The change since 31 December 2016 in operating guarantees given is mainly explained by the transfer of guarantees in the acquisition of Framatome.

Operating purchase commitments 44.1.1.2.2 Operating purchase commitments are as follows:

31/12/2017

31/12/2016

(in millions of euros)

EDF

2,480 1,878

2,434

Framatome EDF Energy

-

627 601 874

608 598 572

Enedis

Other entities

6,460

4,212

TOTAL

The increase in operating purchase commitments relates to the acquisition of Framatome.

393

EDF I Reference Document 2017