Universal Registration Document 2020

Note 26 Special concession liabilities

(in millions of euros)	31/12/2020	31/12/2019
Value in kind of assets	Value in kind of assets 31/12/2020 106	Value in kind of assets 31/12/2019 106
Revaluation difference	Revaluation difference 31/12/2020 790	Revaluation difference 31/12/2019 815
Additional depreciation	Additional depreciation 31/12/2020 324	Additional depreciation 31/12/2019 280
Rights in hydropower concession assets	Rights in hydropower concession assets31/12/20201,220	Rights in hydropower concession assets31/12/20191,201
Value in kind of assets	Value in kind of assets 31/12/2020 1,918	Value in kind of assets 31/12/2019 1,839
Unamortised financing by the operator	Unamortised financing by the operator 31/12/2020 (1,219)	Unamortised financing by the operator 31/12/2019 (1,157)
Amortisation of grantor financing	Amortisation of grantor financing 31/12/2020 354	Amortisation of grantor financing 31/12/2019 344
Contributions received for concessionary plant assets under construction	Contributions received for concessionary plant assets under construction 31/12/2020 9	Contributions received for concessionary plant assets under construction 31/12/2019 7
Rights in public distribution concession assets^*	Rights in public distribution concession assets^*31/12/20201,062	Rights in public distribution concession assets^*31/12/20191,033
TOTAL SPECIAL CONCESSION LIABILITIES	TOTAL SPECIAL CONCESSION LIABILITIES31/12/20202,282	TOTAL SPECIAL CONCESSION LIABILITIES31/12/20192,234

* Rights in public distribution concession assets concern the Island Energy Systems (SEI) public electricity distribution concessions.

Note 27 Provisions for risks

		Increases		Decreases			Other changes
(in millions of euros)	31/12/2019	Operating ⁽¹⁾	Financial ⁽²⁾	Utilisations ^{(1) (3)}	Reversals ⁽¹⁾	Financial		31/12/2020
Provisions for unrealised exchange losses⁽⁴⁾	Provisions for unrealised exchange losses ⁽⁴⁾ 768	Provisions for unrealised exchange losses ⁽⁴⁾ Increases -	Provisions for unrealised exchange losses ⁽⁴⁾ Decreases 28	Provisions for unrealised exchange losses ⁽⁴⁾ Other changes -	Provisions for unrealised exchange losses ⁽⁴⁾ -	(284)	-	512
Provisions for losses on contracts⁽³⁾	Provisions for losses on contracts ⁽³⁾ 1,616	Provisions for losses on contracts ⁽³⁾ Increases 590	Provisions for losses on contracts ⁽³⁾ Decreases 375	Provisions for losses on contracts ⁽³⁾ Other changes (259)	Provisions for losses on contracts ⁽³⁾ (89)	-	-	2,233
Provisions for other risks	Provisions for other risks 304	Provisions for other risks Increases 130	Provisions for other risks Decreases -	Provisions for other risks Other changes (32)	Provisions for other risks (7)	-	-	395
PROVISIONS FOR RISKS	PROVISIONS FOR RISKS 2,688	PROVISIONS FOR RISKS Increases 720	PROVISIONS FOR RISKS Decreases 403	PROVISIONS FOR RISKS Other changes (291)	PROVISIONS FOR RISKS (96)	(284)	-	3,140

(1) See notes 6 and 11.2.

(2) The increase in the cost of unwinding the discount on provisions for losses on contracts is explained by the substantially lower discount rate compared to 31 December 2019, due to changes in the methods for determining discount rates (see note 28.5).

(3) The €242 million net increase to operating provisions for losses on contracts principally concern a long-term LNG purchase contract (€146 million) and a regasification service contract (€163 million).

(4) Provisions for unrealised exchange losses amount to €512 million at 31 December 2020 and principally concern the hybrid notes (€269 million) and other borrowings after hedging (€216 million). The amounts reversed from these provisions in 2020 mainly concern the hybrid notes (€272 million).