Operating purchase commitments are as follows:
(in millions of euros) | 31/12/2019 | 31/12/2018 |
---|---|---|
EDF | EDF 31/12/2019 3,028 | EDF 31/12/2018 2,533 |
Framatome | Framatome 31/12/2019 1,880 | Framatome 31/12/2018 2,024 |
Enedis | Enedis 31/12/2019 829 | Enedis 31/12/2018 764 |
EDF Energy | EDF Energy 31/12/2019 613 | EDF Energy 31/12/2018 524 |
Other entities | Other entities 31/12/2019 1,244 | Other entities 31/12/2018 1,053 |
TOTAL | TOTAL 31/12/2019 7,594 | TOTAL 31/12/2018 6,898 |
At 31 December 2019, lease commitments as lessee break down as follows:
31/12/2019 | 31/12/2018 | ||||
---|---|---|---|---|---|
Maturity | |||||
(in millions of euros) | Total | < 1 year | 1-5 years | > 5 years | Total |
LEASE COMMITMENTS AS LESSEE | LEASE COMMITMENTS AS LESSEE 31/12/2019 489 | LEASE COMMITMENTS AS LESSEE 31/12/2018 67 | 222 | 200 | 4,375 |
From 1 January 2019, most existing leases are recognised in the balance sheet in application of IFRS 16, while at 31 December 2018 they were reported as off-balance sheet commitments.
The residual off-balance sheet lease commitments amounted to €434 million at 1 January 2019 (see note 2.1.1).
The only remaining off-balance sheet lease commitments are:
At 31 December 2019, details of investment commitments are as follows:
31/12/2019 | 31/12/2018 | ||||
---|---|---|---|---|---|
Maturity | |||||
(in millions of euros) | Total | < 1 year | 1-5 years | > 5 years | Total |
Commitments related to acquisition of tangible and intangible assets | Commitments related to acquisition of tangible and intangible assets 31/12/2019 17,430 | Commitments related to acquisition of tangible and intangible assets 31/12/2018 9,422 | 7,245 | 763 | 16,545 |
Commitments related to acquisition of financial assets | Commitments related to acquisition of financial assets 31/12/2019 583 | Commitments related to acquisition of financial assets 31/12/2018 54 | 431 | 98 | 746 |
Other commitments related to investments | Other commitments related to investments 31/12/2019 224 | Other commitments related to investments 31/12/2018 184 | 40 | - | 281 |
TOTAL INVESTMENT COMMITMENTS GIVEN* | TOTAL INVESTMENT COMMITMENTS GIVEN *31/12/2019 18,237 | TOTAL INVESTMENT COMMITMENTS GIVEN *31/12/2018 9,660 | 7,716 | 861 | 17,572 |
*Including commitments given by controlled entities to joint ventures, amounting to €265 million at 31 December 2019 (€399 million at 31 December 2018).
The commitments related to acquisition of tangible and intangible fixed assets are as follows:
(in millions of euros) | 31/12/2019 | 31/12/2018 |
---|---|---|
EDF | EDF 31/12/2019 4,654 | EDF 31/12/2018 4,715 |
EDF Energy | EDF Energy 31/12/2019 6,466 | EDF Energy 31/12/2018 6,082 |
Enedis | Enedis 31/12/2019 2,555 | Enedis 31/12/2018 3,092 |
EDF Renewables | EDF Renewables 31/12/2019 2,437 | EDF Renewables 31/12/2018 1,622 |
Framatome | Framatome 31/12/2019 517 | Framatome 31/12/2018 587 |
Other entities | Other entities 31/12/2019 801 | Other entities 31/12/2018 447 |
TOTAL | TOTAL 31/12/2019 17,430 | TOTAL 31/12/2018 16,545 |
The increase in commitments given related to acquisition of tangible and intangible fixed assets is mainly explained by the projects in development, notably EDF Renewables projects in the United States, Brazil and India, Edison’s Marghera levante thermoelectric plant project, and a rise in commitments associated with EDF Energy’s HPC project. The decrease in Enedis’ commitments is due to further progress on the rollout of Linky meters.