Universal Registration Document 2020

21.2 Commitments received

The table below shows off-balance sheet commitments received by the Group that have been valued. Other commitments received are described separately in the detailed notes.

(in millions of euros)	Notes	31/12/2020	31/12/2019
Operating commitments received⁽¹⁾	Operating commitments received ⁽¹⁾ Notes 21.2.1	Operating commitments received ⁽¹⁾31/12/2020 8,108	Operating commitments received ⁽¹⁾ 31/12/2019 9,291
Investment commitments received	Investment commitments received Notes 21.2.2	Investment commitments received 31/12/2020 132	Investment commitments received 31/12/2019 181
Financing commitments received	Financing commitments received Notes 21.2.3	Financing commitments received 31/12/2020 31	Financing commitments received 31/12/2019 22
TOTAL COMMITMENTS RECEIVED⁽²⁾	TOTAL COMMITMENTS RECEIVED⁽²⁾ Notes	TOTAL COMMITMENTS RECEIVED⁽²⁾31/12/20208,271	TOTAL COMMITMENTS RECEIVED⁽²⁾ 31/12/2019 9,494

(1)Excluding commitments related to supplies of energy and related services (see note 21.2.1.4).
(2)Excluding commitments related to credit lines, which are described in note 18.4.

21.2.1 Operating commitments received

Operating commitments received by the Group at 31 December 2020 comprise the following:

	31/12/2020				31/12/2019
		Maturity
(in millions of euros)	Total	< 1 year	1 to 5 years	> 5 years	Total
Operating lease commitments as lessor	Operating lease commitments as lessor 31/12/2020 711	Operating lease commitments as lessor 31/12/2019 114	355	242	770
Operating sale commitments	Operating sale commitments 31/12/2020 5,903	Operating sale commitments 31/12/2019 1,490	3,457	956	6,706
Operating guarantees received	Operating guarantees received 31/12/2020 1,444	Operating guarantees received 31/12/2019 1,195	161	88	1,756
Other operating commitments received	Other operating commitments received 31/12/2020 50	Other operating commitments received 31/12/2019 18	15	17	59
OPERATING COMMITMENTS RECEIVED	OPERATING COMMITMENTS RECEIVED31/12/2020 8,108	OPERATING COMMITMENTS RECEIVED 31/12/2019 2,817	3,988	1,303	9,291

21.2.1.1Operating lease commitments as lessor

In 2020, the Group benefits from commitments as lessor in operating leases amounting to €711 million.

These commitments mainly concern the Asian Independent Power Projects (IPPs) and real estate leases.

21.2.1.2Operating sale commitments

Operating sale commitments received exclude energy deliveries and principally concern firm orders made through contracts recorded on a percentage-of-completion basis at Framatome (construction and engineering contracts) and EDF Renewables (agreements for operation services, maintenance services, and development and sale of structured assets).

21.2.1.3Operating guarantees received

Operating guarantees received primarily concern EDF and relate to guarantees received from suppliers, particularly in connection with deliveries under the ARENH system.

21.2.1.4Electricity supply commitments

In the course of its business, the EDF group has signed long-term contracts to supply electricity as follows:

long-term contracts with a number of European electricity operators, for a specific plant or for a defined group of plants in the French nuclear generation fleet, corresponding to installed power capacity of 3.5GW;
in execution of France’s Law on organisation of the French electricity market, EDF has a commitment to sell some of the energy generated by its existing nuclear power plants to other suppliers. This covers volumes of up to 150TWh each year until 31 December 2025.

21.2.2 Investment commitments received

	31/12/2020				31/12/2019
		Maturity
(in millions of euros)	Total	< 1 year	1 to 5 years	> 5 years	Total
INVESTMENT COMMITMENTS RECEIVED	INVESTMENT COMMITMENTS RECEIVED31/12/2020132	INVESTMENT COMMITMENTS RECEIVED 31/12/2019 14	118	-	181

21.2.3 Financing commitments received

	31/12/2020				31/12/2019
		Maturity
(in millions of euros)	Total	< 1 year	1 to 5 years	> 5 years	Total
FINANCING COMMITMENTS RECEIVED	FINANCING COMMITMENTS RECEIVED31/12/202031	FINANCING COMMITMENTS RECEIVED 31/12/2019 2	19	10	22