The net values of property, plant and equipment operated under concessions other than French public electricity distribution concessions are as follows:
(in millions of euros) | 31/12/2019 | Increases | Decreases | Changes in the scope of consolidation | Other movements | 31/12/2020 |
---|---|---|---|---|---|---|
Land and buildings | Land and buildings 31/12/2019 1,528 | Land and buildings Increases 137 | Land and buildings Decreases (9) | Land and buildings Changes in the scope of consolidation (16) | Land and buildings Other movements - | Land and buildings 31/12/20201,640 |
Fossil-fired & hydropower plants | Fossil-fired & hydropower plants 31/12/2019 11,021 | Fossil-fired & hydropower plants Increases 718 | Fossil-fired & hydropower plants Decreases (23) | Fossil-fired & hydropower plants Changes in the scope of consolidation 29 | Fossil-fired & hydropower plants Other movements (34) | Fossil-fired & hydropower plants 31/12/202011,711 |
Other | Other 31/12/2019 651 | Other Increases 36 | Other Decreases (11) | Other Changes in the scope of consolidation (2) | Other Other movements 3 | Other 31/12/2020677 |
Assets in progress* | Assets in progress *31/12/2019 1,213 | Assets in progress *Increases (528) | Assets in progress *Decreases (5) | Assets in progress *Changes in the scope of consolidation (30) | Assets in progress *Other movements (60) | Assets in progress *31/12/2020590 |
Gross value | Gross value 31/12/2019 14,413 | Gross value Increases 363 | Gross value Decreases (48) | Gross value Changes in the scope of consolidation (19) | Gross value Other movements (91) | Gross value31/12/202014,618 |
Land and buildings | Land and buildings 31/12/2019 (956) | Land and buildings Increases (34) | Land and buildings Decreases 9 | Land and buildings Changes in the scope of consolidation 1 | Land and buildings Other movements - | Land and buildings 31/12/2020(980) |
Fossil-fired & hydropower plants | Fossil-fired & hydropower plants 31/12/2019 (6,081) | Fossil-fired & hydropower plants Increases (272) | Fossil-fired & hydropower plants Decreases 19 | Fossil-fired & hydropower plants Changes in the scope of consolidation 24 | Fossil-fired & hydropower plants Other movements 28 | Fossil-fired & hydropower plants 31/12/2020(6,282) |
Other | Other 31/12/2019 (458) | Other Increases (36) | Other Decreases 11 | Other Changes in the scope of consolidation - | Other Other movements 1 | Other 31/12/2020(482) |
Assets in progress* | Assets in progress *31/12/2019 (58) | Assets in progress *Increases - | Assets in progress *Decreases - | Assets in progress *Changes in the scope of consolidation - | Assets in progress *Other movements 42 | Assets in progress *31/12/2020(16) |
Depreciation and impairment | Depreciation and impairment 31/12/2019 (7,553) | Depreciation and impairment Increases (342) | Depreciation and impairment Decreases 39 | Depreciation and impairment Changes in the scope of consolidation 25 | Depreciation and impairment Other movements 71 | Depreciation and impairment31/12/2020(7,760) |
NET VALUE | NET VALUE 31/12/2019 6,860 | NET VALUE Increases 21 | NET VALUE Decreases (9) | NET VALUE Changes in the scope of consolidation 6 | NET VALUE Other movements (20) | NET VALUE31/12/20206,858 |
*Increases in assets in progress are stated net of the effects of newly-commissioned assets. Assets in progress are detailed in note 10.6.
At 31 December 2020, property, plant and equipment operated under concessions other than French public electricity distribution concessions comprise concession facilities mainly located in France and in Italy (hydropower, excluding public electricity distribution).
(in millions of euros) | 2020 | 2019 |
---|---|---|
Intangible assets | Intangible assets 20201,581 | Intangible assets 2019 1,415 |
Property, plant and equipment used in generation and other tangible assets owned by the Group | Property, plant and equipment used in generation and other tangible assets owned by the Group 202039,460 | Property, plant and equipment used in generation and other tangible assets owned by the Group 2019 34,755 |
Property, plant and equipment operated under concessions other than French public electricity distribution concessions | Property, plant and equipment operated under concessions other than French public electricity distribution concessions 2020574 | Property, plant and equipment operated under concessions other than French public electricity distribution concessions 2019 1,155 |
TOTAL ASSETS IN PROGRESS | TOTAL ASSETS IN PROGRESS202041,615 | TOTAL ASSETS IN PROGRESS 2019 37,325 |
Intangible assets in progress include notably studies for the EPR 2 project, amounting to €577 million (€414 million at 31 December 2019).
A draft PPE published on 25 January 2019 by the Ministry for the Ecological and Inclusive Transition states that the Government, together with the industry, will conduct a programme of work by mid-2021 to examine the questions of the cost of new nuclear energy production and its advantages and disadvantages in relation to other low-carbon generation methods, the possible financing models, the project management modalities for new reactor projects and public consultation, and matters relating to the management of waste generated by the potential new nuclear fleet and based on this information and depending on developments in the energy situation, the Government will make a decision regarding the suitability of launching a renewal programme for nuclear installations. The Group is fully mobilised in the investigation and preparation of this case in all its components, in conjunction with the public authorities.
At 31 December 2020, property, plant and equipment in progress used in generation and owned by the Group mainly comprise:
This capitalised amount of €14,792 million including capitalised interim interest, includes, in addition to the construction cost:
In its report of July 2020 on EPR technology, the French Court of Auditors (Courdes comptes) stated that by its calculations, in addition to the construction cost of€12.4 billion (in 2015 euros) announced by EDF, there will be further costs that could reach €6.7 billion (in 2015 euros), including €4.2 billion of interest expenses. As stated above, at 31 December 2020 the capitalised interest amounts to €3.3 billion and other capitalised project costs amount to €1.2 billion.
The non-recurring additional costs resulting from the necessary repairs to the main secondary circuit welds are recorded in other income and expenses at the amount of €397 million in 2020 (see note 7);
(1) €292 million in gross value, less €84 million of depreciation.