(in millions of euros) | Gross value at 31/12/2019 | Increases | Decreases | Gross value at 31/12/2020 |
|---|---|---|---|---|
Software | Software Gross value at 31/12/2019 2,109 | Software Increases 309 | Software Decreases 34 | Software Gross value at 31/12/2020 2,384 |
Other | Other Gross value at 31/12/2019 282 | Other Increases 5 | Other Decreases 2 | Other Gross value at 31/12/2020 285 |
Intangible assets | Intangible assets Gross value at 31/12/2019 2,391 | Intangible assets Increases 314 | Intangible assets Decreases 36 | Intangible assets Gross value at 31/12/2020 2,669 |
Land | Land Gross value at 31/12/2019 117 | Land Increases 4 | Land Decreases 2 | Land Gross value at 31/12/2020 119 |
Buildings | Buildings Gross value at 31/12/2019 11,613 | Buildings Increases 450 | Buildings Decreases 68 | Buildings Gross value at 31/12/2020 11,995 |
Nuclear power plants (1) | Nuclear power plants (1) Gross value at 31/12/2019 61,160 | Nuclear power plants (1) Increases 4,027 | Nuclear power plants (1) Decreases 1,750 | Nuclear power plants (1) Gross value at 31/12/2020 63,437 |
Machinery and plant other than networks | Machinery and plant other than networks Gross value at 31/12/2019 13,410 | Machinery and plant other than networks Increases 314 | Machinery and plant other than networks Decreases 317 | Machinery and plant other than networks Gross value at 31/12/2020 13,407 |
EDF-owned networks | EDF-owned networks Gross value at 31/12/2019 1,071 | EDF-owned networks Increases 54 | EDF-owned networks Decreases - | EDF-owned networks Gross value at 31/12/2020 1,125 |
Other | Other Gross value at 31/12/2019 1,722 | Other Increases 151 | Other Decreases 135 | Other Gross value at 31/12/2020 1 738 |
Property, plant and equipment owned by EDF (2) | Property, plant and equipment owned by EDF (2) Gross value at 31/12/2019 89,093 | Property, plant and equipment owned by EDF (2) Increases 5 000 | Property, plant and equipment owned by EDF (2) Decreases 2,272 | Property, plant and equipment owned by EDF (2) Gross value at 31/12/2020 91,821 |
Land | Land Gross value at 31/12/2019 48 | Land Increases - | Land Decreases - | Land Gross value at 31/12/2020 48 |
Buildings | Buildings Gross value at 31/12/2019 10,248 | Buildings Increases 550 | Buildings Decreases 12 | Buildings Gross value at 31/12/2020 10,786 |
Machinery and plant other than networks | Machinery and plant other than networks Gross value at 31/12/2019 1,669 | Machinery and plant other than networks Increases 158 | Machinery and plant other than networks Decreases 14 | Machinery and plant other than networks Gross value at 31/12/2020 1,813 |
Concession networks | Concession networks Gross value at 31/12/2019 3,019 | Concession networks Increases 156 | Concession networks Decreases 22 | Concession networks Gross value at 31/12/2020 3,153 |
Other | Other Gross value at 31/12/2019 20 | Other Increases - | Other Decreases - | Other Gross value at 31/12/2020 20 |
Property, plant and equipment operated under concessions(3) | Property, plant and equipment operated under concessions(3) Gross value at 31/12/2019 15,004 | Property, plant and equipment operated under concessions(3) Increases 864 | Property, plant and equipment operated under concessions(3) Decreases 48 | Property, plant and equipment operated under concessions(3) Gross value at 31/12/2020 15,820 |
Tangible assets(4) | Tangible assets(4) Gross value at 31/12/2019 17,756 | Tangible assets(4) Increases 5,056 | Tangible assets(4) Decreases 5,381 | Tangible assets(4) Gross value at 31/12/2020 17,431 |
Intangible assets (4) | Intangible assets (4) Gross value at 31/12/2019 926 | Intangible assets (4) Increases 578 | Intangible assets (4) Decreases 315 | Intangible assets (4) Gross value at 31/12/2020 1 189 |
Advances and progress payments on orders | Advances and progress payments on orders Gross value at 31/12/2019 3,030 | Advances and progress payments on orders Increases - | Advances and progress payments on orders Decreases 10 | Advances and progress payments on orders Gross value at 31/12/2020 3,020 |
Assets in progress | Assets in progress Gross value at 31/12/2019 21,712 | Assets in progress Increases 5,634 | Assets in progress Decreases 5,706 | Assets in progress Gross value at 31/12/2020 21,640 |
TOTAL INTANGIBLE AND TANGIBLE FIXED ASSETS(5) | TOTAL INTANGIBLE AND TANGIBLE FIXED ASSETS(5) Gross value at 31/12/2019 128,200 | TOTAL INTANGIBLE AND TANGIBLE FIXED ASSETS(5) Increases 11,812 | TOTAL INTANGIBLE AND TANGIBLE FIXED ASSETS(5) Decreases 8,062 | TOTAL INTANGIBLE AND TANGIBLE FIXED ASSETS(5) Gross value at 31/12/2020 131,950 |
(1) The change in the amount of nuclear power plants in 2020 is mainly explained by derecognition of assets related to Fessenheim following permanent closure of the plant in the first half of 2020.
(2) Property, plant and equipment owned by EDF include the €1,224 million impact of 35 back-up diesel facilities commissioned in 2019, and the €645 million impact of a further 20 back-up diesel facilities commissioned in 2020, in line with the timetable approved by the ASN.
(3) Property, plant and equipment operated under concessions concern the Island Energy Systems public electricity distribution concessions, and hydropower concessions. The newly-commissioned Romanche-Gavet hydropower plant in the Isère region of south-east France is included in this category at the amount of €408 million (see note 2.3).
(4) Investments during the year mainly concern equipment for existing power plants under the Grand Carénage programme. Intangible assets in progress include studies currently being conducted for the EPR 2 project, amounting to €538 million at 31 December 2020 (see note 3.1). The estimated impact of the Covid-19 pandemic on investments for the year is €(113) million.
(5) The capitalised value of the Flamanville 3 EPR project in the financial statements at 31 December 2020 is €11,830 million* (€11,570 million in tangible assets in progress and €260 million in assets commissioned). In addition to the construction cost, this amount includes an inventory of spare parts and capitalised amounts totalling €466 million for related projects (notably the initial comprehensive inspection and North Area development), and €691 million of pre-operating expenses and other tangible assets related to the Flamanville project, giving a total construction cost at historical value of €10,672 million. Depreciation and amortisation recognised at 31 December 2020 in respect of assets in operation amounts to €78 million.
In its report of July 2020 on EPR technology, the French Court of Auditors (Cour des Comptes) stated that by its calculations, in addition to the construction cost of €12.4 billion (in 2015 euros) announced by EDF, there will be further costs that could reach €6.7 billion (in 2015 euros), including €4.2 billion of interest expenses which are not capitalised under French GAAP. As stated above, other capitalised project costs amount to €1.2 billion at 31 December 2020. The additional costs resulting from the necessary repairs to the main secondary circuit welds at the Flamanville 3 EPR are abnormal costs that cannot be included in the production cost of an asset. They are recorded in expenses at the amount of €409 million in 2020, comprising €383 million of services and other purchases used (see note 8 (3)) and €26 million of personnel expenses (see note 10).
* Interest is not capitalised in the parent company financial statements.
