The amount of expenses (excluding the annual contribution to repayment and associated interest) to be compensated to EDF for 2020 is €8,081 million.
The amounts received in 2020 (excluding the annual contribution to repayment and associated interest) totalled €7,732 million (including €5,333 million from the dedicated “energy transition” budget account and €2,399 million from the general budget).
Based on a receivable of €1,647 million at 31 December 2019, the operating receivable owed by the State to EDF amounts to €1,974 million at 31 December2020. The situation will be closely monitored in view of the initial Finance Law for 2020 adopted by vote in late 2019, which provides for discontinuation of the special “energy transition” budget item from January 2021.
Finally, in accordance with decree 2016-158 of 18 February 2016 concerning compensation for public energy service charges, on 17 July 2020 the CRE publish edits decision 2020-177 of 15 July 2020 setting out a forecast of EDF’s public service charges for 2021 (€8,104 million), a revised forecast of charges for 2020(€8,122 million), and the actual charges recorded for 2019 (€7,585 million).
The compensation mechanism for public energy service charges in France is presented in note 5.4.1.
(in millions of euros) | 31/12/2020 | 31/12/2019 |
|---|---|---|
| Trade payables – excluding EDF Trading | Trade payables – excluding EDF Trading 31/12/202010,868 | Trade payables – excluding EDF Trading 31/12/2019 11,243 |
| Trade payables – EDF Trading | Trade payables – EDF Trading 31/12/20201,032 | Trade payables – EDF Trading 31/12/2019 1,624 |
TRADE PAYABLES | TRADE PAYABLES 31/12/202011,900 | TRADE PAYABLES 31/12/2019 12,867 |
The Group has a reverse factoring programme allowing suppliers to transfer their receivables on EDF to a factoring company, at their own initiative.
For the Group, this programme does not cause any change in the substance and features of the receivables held by suppliers on EDF. In particular it does not affect the sequences of operating cash flows. The associated liabilities are therefore included in “trade payables” in the Group’s financial statements.
Details of other liabilities are as follows:
(in millions of euros) | 31/12/2020 | Including contract liabilities | 31/12/2019 | Including contract liabilities |
|---|---|---|---|---|
| Advances and progress payments received | Advances and progress payments received 31/12/20201,788 | Advances and progress payments received Including contract liabilities1,344 | Advances and progress payments received 31/12/2019 1,975 | Advances and progress payments received Including contract liabilities 1,761 |
| Liabilities related to property, plant and equipment | Liabilities related to property, plant and equipment 31/12/20204,196 | Liabilities related to property, plant and equipment Including contract liabilities- | Liabilities related to property, plant and equipment 31/12/2019 3,824 | Liabilities related to property, plant and equipment Including contract liabilities - |
| Tax liabilities | Tax liabilities 31/12/20204,532 | Tax liabilities Including contract liabilities- | Tax liabilities 31/12/2019 4,439 | Tax liabilities Including contract liabilities - |
| Social charges | Social charges 31/12/20204,712 | Social charges Including contract liabilities- | Social charges 31/12/2019 4,535 | Social charges Including contract liabilities - |
| Deferred income on long-term contracts | Deferred income on long-term contracts 31/12/20203,290 | Deferred income on long-term contracts Including contract liabilities3,233 | Deferred income on long-term contracts 31/12/2019 3,412 | Deferred income on long-term contracts Including contract liabilities 3,412 |
| Other deferred income* | Other deferred income *31/12/2020827 | Other deferred income *Including contract liabilities430 | Other deferred income *31/12/2019 641 | Other deferred income *Including contract liabilities 509 |
| Other | Other 31/12/20202,390 | Other Including contract liabilities- | Other 31/12/2019 2,712 | Other Including contract liabilities - |
OTHER LIABILITIES | OTHER LIABILITIES 31/12/202021,735 | OTHER LIABILITIES Including contract liabilities5,007 | OTHER LIABILITIES 31/12/2019 21,538 | OTHER LIABILITIES Including contract liabilities 5,682 |
| Non-current portion | Non-current portion 31/12/20204,874 | Non-current portion Including contract liabilities3,092 | Non-current portion 31/12/2019 4,928 | Non-current portion Including contract liabilities 3,473 |
| Current portion | Current portion 31/12/202016,861 | Current portion Including contract liabilities1,915 | Current portion 31/12/2019 16,610 | Current portion Including contract liabilities 2,209 |
*Including the initial payment made under the Fessenheim compensation protocol (see note 5.4.3).
Advances and progress payments received comprise €518 million of payments made by the customers in Framatome’s long-term contracts (€651 million at 31 December 2019).
At 31 December 2020, tax liabilities mainly include an amount of €502 million for theCSPE to be collected by EDF on energy supplied but not yet billed, less the CSPE tax collected on advances from customers who pay in regular monthly instalments (€560 million at 31 December 2019).
EDF’s deferred income on long-term contracts at 31 December 2020 comprises€1,713 million (€1,709 million at 31 December 2019) of partner advances made toEDF under the nuclear plant financing plans.
Deferred income on long-term contracts also includes an advance of €1.7 billion paid to the EDF group in 2010 under the agreement with the Exeltium consortium. This advance is transferred to the income statement progressively over the term of the contract (24 years).
