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9.2 Situation and activities of the company and its subsidiaries by business segment during the year
OPERATING AND FINANCIAL REVIEW
09
CONDENSED STATEMENT OF CASH FLOWS OF THE GROUP’S COMBINED ENTITIES:
(in millions of euros)
Reported
Operations sold, discontinued or held for sale
NewCo
New NP Wind & Solar
AREVA TA Canberra
Total
EBITDA
(684)
1,349
121
(104)
31
-
1,398
Change in operating WCR
95
(166)
(20)
(8)
(9)
4
(198)
Net CAPEX
(7)
(668)
(129)
1
(11)
(24)
(830)
Other
-
-
-
-
7
-
7
Operating cash flow
(590)
517
(20)
(111)
19
(19)
386
End-of-lifecycle cash flow
-
(16)
(17)
-
-
-
(33)
Net borrowing costs
(99)
(282)
(32)
(6)
13
1
(305)
Income tax
71
(174)
(14)
-
(14)
(8)
(210)
Acquisition of AREVA US shares*
-
(358)
358
-
-
-
-
Other
-
(109)
(21)
-
5
287
162
Net cash flow from operations sold,
discontinued or held for sale
1
(423)
255
(117)
24
261
1
Other
(4)
NET CASH FLOW FROM COMPANY
OPERATIONS
(621)
* Sale of part of the US operations of AREVA NP to NewCo in connection with the legal and financial reorganization.
9.2.3.
SUMMARY DATA BY BUSINESS SEGMENT
Previously, AREVA presented its operating segment information by operating
Business Group, which corresponded to the level at which performance was
examined by the group’s management bodies, in accordance with the requirements
of IFRS 8.
AREVA also reported data by geographic area. AREVA’s consolidated revenue was
allocated among the five geographic areas based on the destination of goods and
services: France, Europe excluding France, North and South America, Asia-Pacific,
Africa and the Middle East.
For all reporting periods, income items from operations sold, discontinued or held
for sale are presented in the statement of income on a separate line, “net income
from operations sold, discontinued for held for sale”. Balance sheet items from
operations and assets held for sale are presented on a separate line of the statement
of financial position under “Assets from operations held for sale” on the assets side
and under “Liabilities of operations held for sell” on the liabilities side.
Inasmuch as the continuing operations do not constitute operating segments
and are located principally in France, AREVA does not report operating segment
information for the periods ended December 31, 2015 and December 31, 2016
herein.
9.2.4.
COMPARABILITY OF FINANCIAL STATEMENTS
GENERAL PRINCIPLES
In addition to the discussion and analysis of results reported in the consolidated
financial statements, the group also presents revenue information on a comparable
basis over consecutive periods, excluding the impact of changes in:
p
consolidation scope;
p
exchange rates; and
p
accounting standards and methods.
The group provides this additional information to assess changes in the organic
growth of its operations. However, this information does not constitute a method
of assessing operations under the international accounting standards (IAS) and
international financial reporting standards (IFRS). Excluding exceptions (e.g.
material inability to reconstitute figures), changes in comparable revenue figures
are calculated as follows: the consolidation scope, exchange rates and accounting
methods and standards of the prior year are adjusted to reflect the consolidation
scope, exchange rates and accounting methods and standards of the current year.
For example:
p
to compare 2016 and 2015 revenue, the group calculates what the 2015 revenue
of the different businesses would have been when average exchange rates
for 2016 are applied;
p
the resulting revenue is then adjusted for the consolidation effect, and the group
calculates what the 2015 revenue from the different businesses would have been
based on the applicable consolidation scope at year-end 2016.
Like-for-like changes (abbreviated “LFL”) signify “at constant exchange rates and
consolidation scope”.
2016 AREVA
REFERENCE DOCUMENT
107