The two operating segments “France – Generation and Supply” and “France – Regulated activities” (see note 4.1) are combined here into a single subtotal, “France”, which primarily includes EDF and Enedis. Almost all of these companies’ employees have IEG status, including the special IEG pension and other IEG benefits.
| (in millions of euros) | 31/12/2022 | 31/12/2021 |
|---|---|---|
| Current employees | Current employees 31/12/202212,831 |
Current employees 31/12/202118,463 |
| Retirees | Retirees 31/12/202213,223 |
Retirees 31/12/202116,973 |
| OBLIGATIONS | OBLIGATIONS31/12/202226,054 | OBLIGATIONS31/12/202135,436 |
At 31 December 2022
| (in millions of euros) | Obligations | Fund assets | Provisions in the balance sheet |
|---|---|---|---|
| Provisions for post-employment benefits at 31/12/2022 | Provisions for post-employment benefits at 31/12/2022Obligations24,650 | Provisions for post-employment benefits at 31/12/2022Fund assets(9,398) | Provisions for post-employment benefits at 31/12/2022Provisions in the balance sheet15,252 |
| Including: | |||
| Pensions | Pensions Obligations19,564 |
Pensions Fund assets(8,827) (1) |
Pensions Provisions in the balance sheet10,737 |
| Benefits in kind (electricity/gas) | Benefits in kind (electricity/gas) Obligations3,129 |
Benefits in kind (electricity/gas) Fund assets- |
Benefits in kind (electricity/gas) Provisions in the balance sheet3,129 |
| Retirement gratuities | Retirement gratuities Obligations754 |
Retirement gratuities Fund assets(557) |
Retirement gratuities Provisions in the balance sheet197 |
| Other | Other Obligations1,203 |
Other Fund assets(14) |
Other Provisions in the balance sheet1,189 |
| Provisions for other long-term employee benefits at 31/12/2022 | Provisions for other long-term employee benefits at 31/12/2022Obligations1,404 | Provisions for other long-term employee benefits at 31/12/2022Fund assets- | Provisions for other long-term employee benefits at 31/12/2022Provisions in the balance sheet1,404 |
| Including: | |||
| Annuities following work-related accident and illness, and invalidity | Annuities following work-related accident and illness, and invalidity Obligations1,191 |
Annuities following work-related accident and illness, and invalidity Fund assets- |
Annuities following work-related accident and illness, and invalidity Provisions in the balance sheet1,191 |
| Long service awards | Long service awards Obligations188 |
Long service awards Fund assets- |
Long service awards Provisions in the balance sheet188 |
| Other | Other Obligations25 |
Other Fund assets- |
Other Provisions in the balance sheet25 |
| PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2022 | PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2022Obligations26,054 | PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2022Fund assets(9,398) | PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2022Provisions in the balance sheet16,656 |
(1) Mainly EDF’s fund assets (49% of pension obligations were covered by funds at 31 December 2022).
At 31 December 2021
| (in millions of euros) | Obligations | Fund assets | Provisions in the balance sheet |
|---|---|---|---|
| Provisions for post-employment benefits at 31/12/2021 | Provisions for post-employment benefits at 31/12/2021Obligations33,813 | Provisions for post-employment benefits at 31/12/2021Fund assets(13,411) | Provisions for post-employment benefits at 31/12/2021Provisions in the balance sheet20,402 |
| Including: | |||
| Pensions | Pensions Obligations26,196 |
Pensions Fund assets(12,620) (1) |
Pensions Provisions in the balance sheet13,576 |
| Benefits in kind (electricity/gas) | Benefits in kind (electricity/gas) Obligations4,925 |
Benefits in kind (electricity/gas) Fund assets- |
Benefits in kind (electricity/gas) Provisions in the balance sheet4,925 |
| Retirement gratuities | Retirement gratuities Obligations897 |
Retirement gratuities Fund assets(776) |
Retirement gratuities Provisions in the balance sheet121 |
| Other | Other Obligations1,795 |
Other Fund assets(15) |
Other Provisions in the balance sheet1,780 |
| Provisions for other long-term employee benefits at 31/12/2021 | Provisions for other long-term employee benefits at 31/12/2021Obligations1,623 | Provisions for other long-term employee benefits at 31/12/2021Fund assets- | Provisions for other long-term employee benefits at 31/12/2021Provisions in the balance sheet1,623 |
| Including: | |||
| Annuities following work-related accident and illness, and invalidity | Annuities following work-related accident and illness, and invalidity Obligations1,362 |
Annuities following work-related accident and illness, and invalidity Fund assets- |
Annuities following work-related accident and illness, and invalidity Provisions in the balance sheet1,362 |
| Long service award | Long service award Obligations230 |
Long service award Fund assets- |
Long service award Provisions in the balance sheet230 |
| Other | Other Obligations31 |
Other Fund assets- |
Other Provisions in the balance sheet31 |
| PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2021 | PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2021Obligations35,436 | PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2021Fund assets(13,411) | PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2021Provisions in the balance sheet22,025 |
(1) Mainly EDF’s fund assets (53% of pension obligations were covered by funds at 31 December 2021).
For France, fund assets, managed under an asset/liability model, amount to €9,398 million at 31 December 2022 (€13,411 million at 31 December 2021) and concern the coverage of retirement gratuities and the specific benefits of the special pension system.
They consist of insurance contracts with the following risk profile:
