| Liquidity | Gross value at 31/12/2021 | Gross value at 31/12/2020 | |||
|---|---|---|---|---|---|
| (in millions of euros) | < 1 year (1) | 1-5 years (2) | > 5 years | ||
| Receivables related to investments | 2 | - | 49 | 51 | 51 |
| Loans to subsidiaries and other financial assets (3) | 9,262 | 12,647 | 1 920 | 23,829 | 16,422 |
| FINANCIAL LOANS AND RECEIVABLES RELATED TO INVESTMENTS | 9,264 | 12,647 | 1,969 | 23,880 | 16,473 |
(1) Including €3.11 billion of loans to EDF International, €2.94 billion to EDF Trading and €1.88 billion to EDF Renewables, corresponding to maturities of drawings on credit lines.
(2) Including €9.94 billion of loans to EDF International and €1 billion to EDF Renewables, corresponding to maturities of drawings on credit lines.
(3) The changes are principally explained by loans to subsidiaries in 2021: €2.9 billion to EDF Trading, €2.2 billion to EDF International, €1.1 billion to Enedis and €0.8 billion to EDF Renewables.
| 31/12/2021 | 31/12/2020 | |||||
|---|---|---|---|---|---|---|
| (in millions of euros) | Gross value | Provisions | Net value | Gross value | Provisions | Net value |
| Nuclear fuel | 8,471 | (39) | 8,432 | 8,322 | (33) | 8,289 |
| Other raw materials | 126 | - | 126 | 265 | (32) | 233 |
| Other supplies | 2,000 | (250) | 1,750 | 1,963 | (236) | 1,727 |
| Work-in-progress and other inventories * | 645 | - | 645 | 292 | - | 292 |
| TOTAL INVENTORIES | 11,242 | (289) | 10,953 | 10,842 | (301) | 10,541 |
* The increase in the inventory of Work-in-progress and other inventories is mainly attributable to the stock of Energy Savings Certificates at 31 December 2021
| Liquidity | Gross value at 31/12/2021 | Gross value at 31/12/2020 | |||
|---|---|---|---|---|---|
| (in millions of euros) | < 1 year | 1-5 years | >5 years | ||
| Advances on orders | 353 | 134 | 232 | 719 | 723 |
|
|||||
| Amounts billed | 2,532 | - | - | 2,532 | 2,389 |
| Unbilled receivables (1) | 16,816 | - | - | 16,816 | 13,684 |
|
4,566 | 64 | 220 | 4,850 | 6,515 |
| Total operating receivables | 23,914 | 64 | 220 | 24,198 | 22,588 |
| Cash instruments (3) | 892 | 823 | 814 | 2,529 | 1,814 |
| Cash and cash equivalents (4) | 8,397 | - | - | 8,397 | 5,364 |
| Prepaid expenses | 305 | 224 | 486 | 1,015 | 987 |
| TOTAL CURRENT ASSETS | 33,861 | 1,245 | 1,752 | 36,858 | 31,476 |
(1) The increase mainly concerns receivables on EDF Trading in a context of rising prices, and receivables for energy supplied and not billed
(2) Including €3,464 million of receivables on the State related to taxes other than income taxes. In 2020, other operating receivables included a €1,974 million receivable in compensation for public energy service charges (CSPE), compared to a €294 million liability in 2021 (see note 32 (4)).
(3) Unrealised gains on foreign exchange instruments, and on all debit balances relating to EDF’s margin calls on derivatives with its banking partners (€36 million at 31 December 2021), which had no equivalent in 2020, when a net credit balance of €2,345 million was reported in the balance sheet liabilities (see note 32 (5)).
(4) The change in cash and cash equivalents mainly results from €2,822 million of negotiable debt instruments issued, net of redemptions, and €874 million resulting from the transfer of bonds to several banks under repurchase agreements, recognised via financial liabilities (see note 33 (2))
