Universal Registration Document 2020

6. Financial statements

The movement in provisions for the back-end of the nuclear cycle, provisions for decommissioning and provisions for last cores breaks down as follows:

(in millions of euros)

31/12/2019IncreasesDecreasesDiscount effectTranslation adjustmentsOther movements

31/12/2020

Provisions for spent fuel management

Provisions for spent fuel management

31/12/2019

12,326

Provisions for spent fuel management

Increases

639

Provisions for spent fuel management

Decreases

(950)

Provisions for spent fuel management

Discount effect

660

Provisions for spent fuel management

Translation adjustments

(79)

Provisions for spent fuel management

Other movements

12

Provisions for spent fuel management

31/12/2020

12,608

Provisions for waste removal and conditioning

Provisions for waste removal and conditioning

31/12/2019

1,337

Provisions for waste removal and conditioning

Increases

9

Provisions for waste removal and conditioning

Decreases

(25)

Provisions for waste removal and conditioning

Discount effect

56

Provisions for waste removal and conditioning

Translation adjustments

(29)

Provisions for waste removal and conditioning

Other movements

(802)

Provisions for waste removal and conditioning

31/12/2020

546

Provisions for long-term radioactive waste management

Provisions for long-term radioactive waste management

31/12/2019

11,591

Provisions for long-term radioactive waste management

Increases

104

Provisions for long-term radioactive waste management

Decreases

(221)

Provisions for long-term radioactive waste management

Discount effect

1,069

Provisions for long-term radioactive waste management

Translation adjustments

(58)

Provisions for long-term radioactive waste management

Other movements

1,928

Provisions for long-term radioactive waste management

31/12/2020

14,413

Provisions for the back-end of the nuclear cycle

Provisions for the back-end of the nuclear cycle

31/12/2019

25,254

Provisions for the back-end of the nuclear cycle

Increases

752

Provisions for the back-end of the nuclear cycle

Decreases

(1,196)

Provisions for the back-end of the nuclear cycle

Discount effect

1,785

Provisions for the back-end of the nuclear cycle

Translation adjustments

(166)

Provisions for the back-end of the nuclear cycle

Other movements

1,138

Provisions for the back-end of the nuclear cycle

31/12/2020

27,567

Provisions for nuclear plant decommissioning

Provisions for nuclear plant decommissioning

31/12/2019

27,609

Provisions for nuclear plant decommissioning

Increases

133

Provisions for nuclear plant decommissioning

Decreases

(230)

Provisions for nuclear plant decommissioning

Discount effect

957

Provisions for nuclear plant decommissioning

Translation adjustments

(557)

Provisions for nuclear plant decommissioning

Other movements

124

Provisions for nuclear plant decommissioning

31/12/2020

28,036

Provisions for last cores

Provisions for last cores

31/12/2019

4,516

Provisions for last cores

Increases

-

Provisions for last cores

Decreases

(99)

Provisions for last cores

Discount effect

165

Provisions for last cores

Translation adjustments

(106)

Provisions for last cores

Other movements

407

Provisions for last cores

31/12/2020

4,883

Provisions for decommissioning and last cores

Provisions for decommissioning and last cores

31/12/2019

32,125

Provisions for decommissioning and last cores

Increases

133

Provisions for decommissioning and last cores

Decreases

(329)

Provisions for decommissioning and last cores

Discount effect

1,122

Provisions for decommissioning and last cores

Translation adjustments

(663)

Provisions for decommissioning and last cores

Other movements

531

Provisions for decommissioning and last cores

31/12/2020

32,919

PROVISIONS RELATED TO NUCLEAR GENERATION

PROVISIONS RELATED TO NUCLEAR GENERATION

31/12/2019

57,379

PROVISIONS RELATED TO NUCLEAR GENERATION

Increases

885

PROVISIONS RELATED TO NUCLEAR GENERATION

Decreases

(1,525)

PROVISIONS RELATED TO NUCLEAR GENERATION

Discount effect

2,907

PROVISIONS RELATED TO NUCLEAR GENERATION

Translation adjustments

(829)

PROVISIONS RELATED TO NUCLEAR GENERATION

Other movements

1,669

PROVISIONS RELATED TO NUCLEAR GENERATION

31/12/2020

60,486

Current portion

Current portion

31/12/2019

1,796

Current portion

Increases

 

Current portion

Decreases

 

Current portion

Discount effect

 

Current portion

Translation adjustments

 

Current portion

Other movements

 

Current portion

31/12/2020

2,153

Non-current portion

Non-current portion

31/12/2019

55,583

Non-current portion

Increases

 

Non-current portion

Decreases

 

Non-current portion

Discount effect

 

Non-current portion

Translation adjustments

 

Non-current portion

Other movements

 

Non-current portion

31/12/2020

58,333

The change in provisions related to nuclear generation in 2020 is mainly due to a 20bp decrease in the real discount rate in France and the United Kingdom. The corresponding effects are included in the “Discount effect” (€1,042 million) for provisions adjusted through the income statement, and in “Other movements”(€1,351 million) for changes in provisions backed by assets (assets associated with provisions and underlying assets in France and the United Kingdom; the receivable representing amounts due from the Nuclear Liabilities Fund (NLF) and the British government in the United Kingdom).

Details of the change in provisions related to nuclear generation in 2020 are as follows:

Provisions related to nuclear generation

In million of euros

Provisions at 31/12/2019 : 57,379

Increases : +885

Decreases : -1,525

Discount effect : +2,907

Translation adjustments : -829

Other movements : +1,669

Provisions at 31/12/2020 : 60,486