Universal Registration Document 2022

3.2 Assets held for sale and related liabilities

Accounting principles and methods

Assets that qualify as held for sale and related liabilities are disclosed separately from other assets and liabilities in the balance sheet.

When assets or groups of assets are classified as discontinued operations, income and expenses relating to these discontinued operations are disclosed in a single net amount after taxes in the income statement and net changes in cash and cash equivalents of discontinued operations are also reported separately in the cash flow statement.

Impairment is booked when the realisable value is lower than the net book value.

In accordance with IFRS 5:

for assets or groups of assets that are identified and classified as held for sale during the year, there is no change of presentation or retrospective restatement in prior year balance sheets;
assets or groups of assets that qualify as discontinued operations are restated in the income statement and the cash flow statement for the prior periods presented in the financial statements.

(in millions of euros)	31/12/2022	31/12/2021
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE31/12/2022150	ASSETS HELD FOR SALE31/12/202169
LIABILITIES RELATED TO ASSETS HELD FOR SALE	LIABILITIES RELATED TO ASSETS HELD FOR SALE31/12/202237	LIABILITIES RELATED TO ASSETS HELD FOR SALE31/12/202130

In application of IFRS 5, assets held for sale and related liabilities are shown below:

(in millions of euros)	31/12/2022	31/12/2021
Non-current non-financial assets ⁽¹⁾	Non-current non-financial assets ⁽¹⁾31/12/2022 62	Non-current non-financial assets ⁽¹⁾31/12/2021 -
Non-current financial assets	Non-current financial assets 31/12/2022 -	Non-current financial assets 31/12/2021 -
Current non-financial assets ⁽²⁾	Current non-financial assets ⁽²⁾31/12/2022 88	Current non-financial assets ⁽²⁾31/12/2021 69
Current financial assets	Current financial assets 31/12/2022 -	Current financial assets 31/12/2021 -
TOTAL ASSETS HELD FOR SALE	TOTAL ASSETS HELD FOR SALE31/12/2022150	TOTAL ASSETS HELD FOR SALE31/12/202169

(1) Non-current non-financial assets comprise tangible assets and property, plant and equipment.

(2) Current non-financial assets comprise components of working capital.

(in millions of euros)	31/12/2022	31/12/2021
Non-current non-financial liabilities ⁽¹⁾	Non-current non-financial liabilities ⁽¹⁾31/12/2022 -	Non-current non-financial liabilities ⁽¹⁾31/12/2021 -
Non-current financial liabilities	Non-current financial liabilities 31/12/2022 -	Non-current financial liabilities 31/12/2021 -
Current non-financial liabilities	Current non-financial liabilities 31/12/2022 37	Current non-financial liabilities 31/12/2021 30
Current financial liabilities	Current financial liabilities 31/12/2022 -	Current financial liabilities 31/12/2021 -
TOTAL LIABILITIES RELATED TO ASSETS HELD FOR SALE	TOTAL LIABILITIES RELATED TO ASSETS HELD FOR SALE31/12/202237	TOTAL LIABILITIES RELATED TO ASSETS HELD FOR SALE31/12/202130

(1) Non-financial liabilities comprise provisions.

At 31 December 2022, assets held for sale and related liabilities concern the following balance sheet items:

assets:
- the price supplement on the Dvalin gas project (E&P in Norway) and Cassiopea (E&P in Italy),
- the sale in progress of Edison’s Algerian E&P assets;
liabilities: the sale in progress of Edison’s Algerian E&P liabilities.

3.3 Scope of consolidation at 31 December 2022

The Group’s business sectors are defined as follows:

“Generation/Supply” (G): generation of nuclear energy, thermal energy, and renewable energies (wind, photovoltaic and hydro) and energy sales to industry, local authorities, small businesses and private customers. This segment also includes trading activities;
“Distribution” (D): management of the low and medium-voltage public electricity distribution networks;
“Transmission” (T): operation, maintenance and development of the high-voltage and very-high-voltage electricity transmission networks;
“Reactors and Services (Framatome)” (R): services and production of equipment and fuel for nuclear reactors;
“Services and other activities” (O): energy services (district heating, thermal energy services, etc.) for industry and local authorities. This activity also includes EDF Invest’s holding companies and entities that are classified as dedicated assets.

The companies and subgroups included in the EDF group consolidation are listed below.

Universal Registration Document 2022

Introduction

3.2 Assets held for sale and related liabilities

Accounting principles and methods

3.3 Scope of consolidation at 31 December 2022