Sensitivity to assumptions concerning costs, inflation rate, long-term discount rate, and disbursement schedules can be estimated through comparison of the gross amount estimated under year-end economic conditions with the present value of the amount.
|
|
31/12/2019 | 31/12/2018 | ||
|---|---|---|---|---|
| (in millions of euros) | Costs based on year-end economic conditions | Amounts in provisions at present value | Costs based on year-end economic conditions | Amounts in provisions at present value |
| Spent fuel management | Spent fuel management 31/12/2019 19,455 |
Spent fuel management 31/12/2018 10,823 |
18,737 | 10,698 |
| Waste removal and conditioning | Waste removal and conditioning 31/12/2019 1,243 |
Waste removal and conditioning 31/12/2018 805 |
1,194 | 751 |
| Long-term radioactive waste management | Long-term radioactive waste management 31/12/2019 32,372 |
Long-term radioactive waste management 31/12/2018 10,531 |
30,970 | 9,846 |
| BACK-END NUCLEAR CYCLE EXPENSES | BACK-END NUCLEAR CYCLE EXPENSES 31/12/2019 53,070 |
BACK-END NUCLEAR CYCLE EXPENSES 31/12/2018 22,159 |
50,901 | 21,295 |
| Decommissioning of nuclear plants in operation | Decommissioning of nuclear plants in operation 31/12/2019 21,134 |
Decommissioning of nuclear plants in operation 31/12/2018 13,244 |
20,755 | 12,480 |
| Decommissioning of shut-down nuclear plants | Decommissioning of shut-down nuclear plants 31/12/2019 6,428 |
Decommissioning of shut-down nuclear plants 31/12/2018 3,693 |
6,576 | 3,505 |
| Last cores | Last cores 31/12/2019 4,331 |
Last cores 31/12/2018 2,624 |
4,346 | 2,526 |
| DECOMMISSIONING AND LAST CORE EXPENSES | DECOMMISSIONING AND LAST CORE EXPENSES 31/12/2019 31,893 |
DECOMMISSIONING AND LAST CORE EXPENSES 31/12/2018 19,561 |
31,677 | 18,511 |
This approach can be complemented by estimating the impact of a change in the discount rate on the present value.
In application of Article 11 of the Decree of 23 February 2007, the following table reports these details for the main components of provisions for the back-end of the nuclear cycle, decommissioning of nuclear plants and last cores:
|
|
Amounts in provisions at present value |
Sensitivity to discount rate | |||
|---|---|---|---|---|---|
|
|
Balance sheet provisions | Pre-tax net income | |||
| (in millions of euros) | +0.20% | -0.20% | +0.20% | -0.20% | |
| Back-end nuclear cycle expenses: |
|
|
|
|
|
| spent fuel management | spent fuel management Amounts in provisions at present value 10,823 |
spent fuel management Sensitivity to discount rate (228) |
249 | 196 | (215) |
| waste removal and conditioning | waste removal and conditioning Amounts in provisions at present value 805 |
waste removal and conditioning Sensitivity to discount rate (25) |
27 | 16 | (17) |
| long-term radioactive waste management | long-term radioactive waste management Amounts in provisions at present value 10,531 |
long-term radioactive waste management Sensitivity to discount rate (659) |
750 | 554 | (636) |
| Decommissioning and last core expenses: |
|
|
|
|
|
| decommissioning of nuclear plants in operation | decommissioning of nuclear plants in operation Amounts in provisions at present value 13,244 |
decommissioning of nuclear plants in operation Sensitivity to discount rate (506) |
529 | 7 | (7) |
| decommissioning of shut-down nuclear plants | decommissioning of shut-down nuclear plants Amounts in provisions at present value 3,693 |
decommissioning of shut-down nuclear plants Sensitivity to discount rate (139) |
150 | 139 | (150) |
| last cores | last cores Amounts in provisions at present value 2,624 |
last cores Sensitivity to discount rate (88) |
94 | - | - |
| TOTAL | TOTAL Amounts in provisions at present value 41,720 |
TOTAL Sensitivity to discount rate (1,645) |
1,799 | 912 | (1,025) |
|
|
Amounts in provisions at present value |
Sensitivity to discount rate | |||
|---|---|---|---|---|---|
|
|
Balance sheet provisions | Pre-tax net income | |||
| (in millions of euros) | +0.20% | -0.20% | +0.20% | -0.20% | |
| Back-end nuclear cycle expenses: |
|
|
|
|
|
| spent fuel management | spent fuel management Amounts in provisions at present value 10,698 |
spent fuel management Sensitivity to discount rate (218) |
237 | 185 | (202) |
| waste removal and conditioning | waste removal and conditioning Amounts in provisions at present value 751 |
waste removal and conditioning Sensitivity to discount rate (23) |
25 | 14 | (15) |
| long-term radioactive waste management | long-term radioactive waste management Amounts in provisions at present value 9,846 |
long-term radioactive waste management Sensitivity to discount rate (597) |
780 | 498 | (673) |
| Decommissioning and last core expenses: |
|
|
|
|
|
| decommissioning of nuclear plants in operation | decommissioning of nuclear plants in operation Amounts in provisions at present value 12,480 |
decommissioning of nuclear plants in operation Sensitivity to discount rate (496) |
520 | 7 | (7) |
| decommissioning of shut-down nuclear plants | decommissioning of shut-down nuclear plants Amounts in provisions at present value 3,505 |
decommissioning of shut-down nuclear plants Sensitivity to discount rate (138) |
149 | 138 | (149) |
| last cores | last cores Amounts in provisions at present value 2,526 |
last cores Sensitivity to discount rate (88) |
94 | - | - |
| TOTAL | TOTAL Amounts in provisions at present value 39,806 |
TOTAL Sensitivity to discount rate (1,560) |
1,805 | 842 | (1,046) |
