EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Other information

OTHER OFF-BALANCE SHEET COMMITMENTS NOTE 36 AND OPERATIONS

At 31 December 2017, off-balance sheet commitments related to operations, financing and investments (other than electricity supply commitments and partnership agreements) comprise the following:

Maturity

< 1 year

1 - 5 years 5 - 10 years > 10 years

31/12/2017

31/12/2016

Off-balance sheet commitments given

13,882

19,412 13,672 10,659

12,646 11,379

9,599 9,562 9,317

55,539 41,285 32,660

58,437 45,232 38,282

Operating commitments

6,672 3,266 3,406 3,203 4,007 2,574 1,715

Commitments related to fuel and energy purchases ■

9,418 1,961

Other operating commitments ■ Investment commitments

3,013 3,519 2,221

245

8,625 7,255 6,999

6,950 8,065 5,140

506 761 244 244

27 10

Financing commitments

Off-balance sheet commitments received

10,823

164 164

13,805

16,076

Operating commitments Investment commitments Financing commitments

1,362

3,485

3,258 2,603

25

11

- -

- -

36

834

9,450

10,284

10,215

COMMITMENTS GIVEN 36.1 In almost all cases, commitments given are reciprocal, and the third parties concerned are under an obligation to supply EDF with assets or services related to operating, investing and financing transactions.

Fuel and energy purchase commitments 36.1.1 In the course of its ordinary Generation and supply activities, EDF has entered into long-term contracts for purchases of electricity, other energies and commodities and nuclear fuel, for periods of up to 20 years.

At 31 December 2017, these commitments mature as follows:

Maturity

< 1 year

1 - 5 years 5 - 10 years > 10 years

31/12/2017

31/12/2016

Electricity purchases and related services

1,736 1,530 3,266

3,504 7,155 10,659

3,804 5,614 9,418

5,316 4,001 9,317

14,360 18,300 32,660

16,469 21,813 38,282

Nuclear fuel purchases

FUEL AND ENERGY PURCHASE COMMITMENTS

Other operating commitments 36.1.2 These are mostly commitments undertaken by EDF through signature of orders relating to operations or contracts in progress, related guarantees, and commitments as lessee under irrevocable operating lease contracts principally for premises, equipment and vehicles. The corresponding rents are subject to renegotiation at intervals defined in the contracts. The main explanations for the increase in other operating commitments are: the signature of the PIDU intellectual property agreement. On 30 June 2017, ■ EDF and AREVA NP (now Framatome) signed a framework contract concerning Framatome’s intellectual property and the rights of use granted to EDF and its affiliates for their own purposes (fleet in operation and new nuclear projects); the recovery of €464 million of contractual and bank guarantees in connection ■ with acquisition of Framatome on 31 December 2017. 36.1.3 Investment commitments are mostly commitments for acquisition of property, plant and equipment. The decrease in EDF’s commitments for acquisition of intangible assets and property, plant and equipment is explained by progress on the Flamanville 3 EPR project, changes in contracts for replacement of steam supply systems, and changes contracts for emergency diesel generators. Investment commitments

Electricity purchases and related services Electricity purchase commitments mainly concern:

Island Energy Systems (SEI), which has given commitments to purchase ■ electricity generated from bagasse and coal, and electricity generated by the plants of EDF’s Island Electricity Production subsidiaries; hedging contracts: these are forward purchases, for which the volumes and ■ prices are set in contracts with EDF Trading. In addition to the obligations reported above and under Article 10 of the Law of 10 February 2000, in mainland France EDF is obliged, at the producer’s request and subject to compliance with certain technical features, to purchase the power produced by co-generation plants and renewable energy generation units (wind turbines, small hydro-electric plants, photovoltaic power, etc). The additional costs generated by this obligation are offset, after validation by the CRE, by the CSPE. These purchase obligations total 47TWh for 2017 (43TWh for 2016), including 6TWh for co-generation (6TWh for 2016), 23TWh for wind power (20TWh for 2016), 9TWh for photovoltaic power (8TWh for 2016) and 3TWh

for hydropower (3TWh for 2016). Nuclear fuel purchases

Commitments for purchases of nuclear fuel arise from supply contracts for the nuclear plants intended to cover EDF’s needs for uranium and fluoration, enrichment and fuel assembly production services. The decrease in nuclear fuel purchases in 2017 is mainly explained by the acquisition of Framatome (see note 2.2).

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EDF I Reference Document 2017