Universal Registration Document 2020

This approach can be complemented by estimating the impact of a change in the discount rate on the present value.

The following table reports these details for the main components of EDF’s provisions for the back-end of the nuclear cycle, decommissioning of nuclear plants and last cores:

At 31 December 2020

(in millions of euros)	Amounts in provisions at present value	Sensitivity to discount rate
		Balance sheet provisions		Pre-tax net income
		+0.20%	-0.20%	+0.20%	-0,20%
Back-end nuclear cycle expenses:	Back-end nuclear cycle expenses: Amounts in provisions at present value	Back-end nuclear cycle expenses: Sensitivity to discount rate
spent fuel management	spent fuel management Amounts in provisions at present value 11,322	spent fuel management Sensitivity to discount rate (261)	287	229	(253)
waste removal and conditioning	waste removal and conditioning Amounts in provisions at present value -	waste removal and conditioning Sensitivity to discount rate
long-term radioactive waste management	long-term radioactive waste management Amounts in provisions at present value 13,300	long-term radioactive waste management Sensitivity to discount rate (793)	954	646	(796)
Decommissioning and last core expenses:	Decommissioning and last core expenses:Amounts in provisions at present value	Decommissioning and last core expenses: Sensitivity to discount rate
decommissioning of nuclear plants in operation	decommissioning of nuclear plants in operation Amounts in provisions at present value 12,775	decommissioning of nuclear plants in operation Sensitivity to discount rate (498)	522	-	-
decommissioning of shut-down nuclear plants	decommissioning of shut-down nuclear plants Amounts in provisions at present value 4,714	decommissioning of shut-down nuclear plants Sensitivity to discount rate (160)	172	160	(172)
last cores	last cores Amounts in provisions at present value 2,711	last cores Sensitivity to discount rate (91)	97	-	-
TOTAL	TOTAL Amounts in provisions at present value 44,822	TOTAL Sensitivity to discount rate (1,803)	2,032	1,035	(1,221)
Amount covered by dedicated assets	Amount covered by dedicated assets Amounts in provisions at present value 32,676	Amount covered by dedicated assets Sensitivity to discount rate (1,564)	1,772	875	(1,043)

At 31 December 2019

(in millions of euros)	Amounts in provisions at present value	Sensitivity to discount rate
		Balance sheet provisions		Pre-tax net income
		+0.20%	-0.20%	+0.20%	-0,20%
Back-end nuclear cycle expenses:	Back-end nuclear cycle expenses:Amounts in provisions at present value	Back-end nuclear cycle expenses: Sensitivity to discount rate
spent fuel management	spent fuel management Amounts in provisions at present value 10,823	spent fuel management Sensitivity to discount rate (228)	249	196	(215)
waste removal and conditioning	waste removal and conditioning Amounts in provisions at present value 805	waste removal and conditioning Sensitivity to discount rate (25)	27	16	(17)
long-term radioactive waste management	long-term radioactive waste management Amounts in provisions at present value 10,531	long-term radioactive waste management Sensitivity to discount rate (659)	750	554	(636)
Decommissioning and last core expenses:	Decommissioning and last core expenses:Amounts in provisions at present value	Decommissioning and last core expenses: Sensitivity to discount rate
decommissioning of nuclear plants in operation	decommissioning of nuclear plants in operation Amounts in provisions at present value 13,244	decommissioning of nuclear plants in operation Sensitivity to discount rate (506)	529	7	(7)
decommissioning of shut-down nuclear plants	decommissioning of shut-down nuclear plants Amounts in provisions at present value 3,693	decommissioning of shut-down nuclear plants Sensitivity to discount rate (139)	150	139	(150)
last cores	last cores Amounts in provisions at present value 2,624	last cores Sensitivity to discount rate (88)	94	-	-
TOTAL	TOTALAmounts in provisions at present value41,720	TOTAL Sensitivity to discount rate (1,645)	1,799	912	(1,025)
Amount covered by dedicated assets	Amount covered by dedicated assets Amounts in provisions at present value 29,975	Amount covered by dedicated assets Sensitivity to discount rate (1,423)	1,559	769	(868)