Universal Registration Document 2020

6. Financial statements

Note 17 Other provisions and contingent liabilities

  31/12/202031/12/2019

(in millions of euros)

NotesCurrentNon-currentTotalCurrentNon-currentTotal
Other provisions for decommissioning

Other provisions for decommissioning

 

17.1

Other provisions for decommissioning

31/12/2020

120

Other provisions for decommissioning

31/12/2019

1,744

1,8641051,5731,678
Other provisions

Other provisions

 

17.2

Other provisions

31/12/2020

2,675

Other provisions

31/12/2019

3,630

6,3052,7103,0655,775
OTHER PROVISIONSOTHER PROVISIONS

 

 

OTHER PROVISIONS31/12/2020

2,795

OTHER PROVISIONS

31/12/2019

5,374

8,169

2,815

4,6387,453
17.1Other provisions for decommissioning

The breakdown by company is as follows:

(in millions of euros)

EDFEDF EnergyEdisonFramatomeOtherTotal
OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2020OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2020

EDF

772

OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2020

EDF Energy

128

OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2020

Edison

172

OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2020

Framatome

412

OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2020

Other

380

OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2020

Total

1,864

Other provisions for decommissioning at 31/12/2019

Other provisions for decommissioning at 31/12/2019

EDF

667

Other provisions for decommissioning at 31/12/2019

EDF Energy

143

Other provisions for decommissioning at 31/12/2019

Edison

161

Other provisions for decommissioning at 31/12/2019

Framatome

388

Other provisions for decommissioning at 31/12/2019

Other

319

Other provisions for decommissioning at 31/12/2019

Total

1,678

Other provisions for decommissioning principally concern fossil-fired power plants, installations for the production of nuclear fuel assemblies, and dismantling of wind farms.

The costs of decommissioning fossil-fired power plants are calculated using regularly updated studies based on estimated future costs, measured by reference to the charges recorded on past operations and the most recent estimates for plants still in operation. The provision recorded at 31 December 2020 reflects the most recent known cost estimates and includes rehabilitation costs for generation sites.

Provisions for decommissioning notably include €140 million for Basic nuclear facilities (INB) in France, in the amounts of €78 million for Framatome and €62 million for Cyclife France. Dedicated assets have been set aside to cover these provisions as required by the regulations.

Dedicated assets of Framatome and Cyclife France

The dedicated assets of Framatome and Cyclife France (formerly SOCODEI) relating to Basic nuclear facilities (INB) in France have realisable values of €97 million in Framatome and €57 million in Cyclife France and the degree of coverage of provisions according to the regulations is 124% for Framatome and 91% for Cyclife France, mainly due to the decrease in the real discount rate at 31 December 2020.

17.2 Other provisions

Details of changes in other provisions are as follows:

   Decreases   

(in millions of euros)

31/12/2019IncreasesUtilisationsReversalsChangesOther31/12/2020
Provisions for contingencies related to subsidiaries and investments

Provisions for contingencies related to subsidiaries and investments

 

766

Provisions for contingencies related to subsidiaries and investments

 

8

Provisions for contingencies related to subsidiaries and investments

Decreases

(28)

Provisions for contingencies related to subsidiaries and investments

 

(8)

Provisions for contingencies related to subsidiaries and investments

 

(1)

Provisions for contingencies related to subsidiaries and investments

 

64

801
Provisions for tax liabilities (excluding income tax)

Provisions for tax liabilities (excluding income tax)

 

155

Provisions for tax liabilities (excluding income tax)

 

26

Provisions for tax liabilities (excluding income tax)

Decreases

(13)

Provisions for tax liabilities (excluding income tax)

 

(2)

Provisions for tax liabilities (excluding income tax)

 

-

Provisions for tax liabilities (excluding income tax)

 

-

166
Provisions for litigation

Provisions for litigation

 

479

Provisions for litigation

 

68

Provisions for litigation

Decreases

(56)

Provisions for litigation

 

(101)

Provisions for litigation

 

-

Provisions for litigation

 

2

392
Provisions for onerous contracts and losses on completion

Provisions for onerous contracts and losses on completion

 

1,356

Provisions for onerous contracts and losses on completion

 

527

Provisions for onerous contracts and losses on completion

Decreases

(261)

Provisions for onerous contracts and losses on completion

 

(14)

Provisions for onerous contracts and losses on completion

 

(6)

Provisions for onerous contracts and losses on completion

 

288

1,890
Provisions related to environmental schemes

Provisions related to environmental schemes

 

1,517

Provisions related to environmental schemes

 

1,535

Provisions related to environmental schemes

Decreases

(1,807)

Provisions related to environmental schemes

 

-

Provisions related to environmental schemes

 

-

Provisions related to environmental schemes

 

(53)

1,192
Other provisions for risks and liabilities

Other provisions for risks and liabilities

 

1,502

Other provisions for risks and liabilities

 

752

Other provisions for risks and liabilities

Decreases

(356)

Other provisions for risks and liabilities

 

(46)

Other provisions for risks and liabilities

 

1

Other provisions for risks and liabilities

 

11

1,864
TOTALTOTAL

 

5,775

TOTAL

 

2,916

TOTAL

Decreases

(2,521)

TOTAL

 

(171)

TOTAL

 

(6)

TOTAL

 

312

6,305

* Other changes principally concern the effects of the change in real discount rate at 31 December 2020 (see note 8.2).