Significant events occurring between the last day of the 2019 fiscal year and the date of the filing of this Universal Registration Document are mentioned in note 52 of the appendix to the consolidated financial statements of the year ended 31 December 2019 for events which occurred before 13 February 2020, when the Board of Directors approved the financial statements and, for events which occurred after 13 February 2020, in section 5.2 “Subsequent events” of this Universal Registration Document.
Within the framework of the LME Act as amended by Act no. 2015-990 promoting growth, activity and equal economic opportunities, EDF publishes the amounts, including VAT, of debts and receivables due at the end of the fiscal year. These amounts are broken down by tranche of overdue payments and posted respectively to the amount including VAT of purchases and sales for the fiscal year.
| Article D. 441 I.-1°: overdue invoices which have been received but not paid | Article D. 441 I.-2°: overdue invoices which have been issued but not paid at the closing date of the fiscal year | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions of euros) | 0 day | 1-30 days | 31-60 days | 61-90 days | 91 days and more | Total | 0 day | 1-30 days | 31-60 days | 61-90 days | 91 days and more | Total |
(A) Period overdue | ||||||||||||
| Number of invoices | Number of invoices Article D. 441 I.-1°: overdue invoices which have been received but not paid80,665 | 4,602 | 3,588,764 | 6,857,033 | ||||||||
| Total amount of invoices (including VAT) | Total amount of invoices (including VAT) Article D. 441 I.-1°: overdue invoices which have been received but not paid2,375 | Total amount of invoices (including VAT) Article D. 441 I.-2°: overdue invoices which have been issued but not paid at the closing date of the fiscal year28 | 6 | 1 | 0 | 35 | 1,257 | 241 | 70 | 50 | 592 | 953 |
| % of the total amount of purchases of the year | % of the total amount of purchases of the year Article D. 441 I.-1°: overdue invoices which have been received but not paid4.7 | % of the total amount of purchases of the year Article D. 441 I.-2°: overdue invoices which have been issued but not paid at the closing date of the fiscal year0.1 | 0 | 0 | 0 | 0.1 | ||||||
| % of total amount of sales of the year (including VAT) | 2.1 | 0.4 | 0.1 | 0.1 | 1 | 1.6 | ||||||
(B) Invoices excluded from (A) relating to payables and receivables in dispute or unrecognised | ||||||||||||
| Number of invoices excluded | 0 | 0 | ||||||||||
| Number of invoices excluded | 0 | 0 | ||||||||||
(C) Reference payment terms applied (contractual or statutory – Article l. 441-6 or Article L. 43-1 of the French Commercial Code) | ||||||||||||
| Payment terms used for calculating periods overdue | Legal and contractual deadlines | Legal deadines | ||||||||||
In August 2019, EDF was sanctioned following an audit by the DGCCRF, which found late payments for over 10% of the invoices in the sample audited in 2017. The Company has put in place a very proactive action plan that reinforces the end-to-end management of the purchasing process, in particular the invoice processing process, and improves the quality of the stakeholders’ actions at each stage. This plan also accelerates the digitalisation of exchanges with suppliers.
At 31 December 2019, the Group had 195 secondary establishments registered with the French Trade and Companies Registers stated in the Company’s “K-bis” document, and operated on French territory through several thousand different offices which do not fulfil the independent management criterion to qualify as a branch.
EDF’s branches(1) outside mainland France are listed below:
(1) In fiscal terms, this is a list of permanent establishments located outside France.
