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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
9.2.5.7.
NET FINANCIAL INCOME
The net financial income of the continuing operations reached -68 million euros in 2016, compared with -46 million euros in 2015.
(in millions of euros)
2016
2015
Net borrowing costs [(expense)/ income]
(73)
19
Other financial income and expenses
5
(65)
Of which share related to end-of-lifecycle operations
-
-
Of which share not related to end-of-lifecycle operations
5
(65)
NET FINANCIAL INCOME
(68)
(46)
The increase in net borrowing costs in 2016 is explained chiefly by the financial
expenses resulting from the draws on bilateral lines of credit and on the revolving
credit facility (RCF), and by the drop in interest income. Other financial expenses
included in particular debt forgiveness granted to an operation held for sale in the
amount of 14million euros (compared with 66million euros at December 31, 2015).
9.2.5.8.
INCOME TAX
Net tax income was positive due to the losses posted by the continuing operations
in France, reaching +118 million euros in 2016, versus a net amount of +93 million
euros in 2015.
9.2.5.9.
SHARE IN NET INCOME OF JOINT VENTURES
AND ASSOCIATES
The share in net income of joint ventures and associates was -14 million euros
in 2016, compared with -26 million euros in 2015.
(in millions of euros)
2016
2015
Adwen
(14)
(26)
Other joint ventures
(1)
(1)
Associates
1
1
TOTAL
(14)
(26)
9.2.5.10.
NET INCOME AFTER TAX FROM OPERATIONS
SOLD, DISCONTINUED OR HELD FOR SALE
Added to the key items of the income statement described above is net income
after tax of operations sold, discontinued or held for sale, which encompasses
the net income of NewCo, New NP, AREVA TA, Canberra and the Solar Energy
operations (see 9.2.2). It amounted to -365 million euros in 2016, compared with
-770 million euros in 2015.
9.2.5.11.
MINORITY INTERESTS
In 2016, minority interests in the group’s net income represented -105 million
euros, as contrasted with 2 million euros in 2015. This share mainly includes the
contribution of minority shareholders in the mining and enrichment businesses.
9.2.5.12.
NET INCOME ATTRIBUTABLE TO OWNERS
OF THE PARENT
Net income attributable to owners of the parent was -665 million euros in 2016,
compared with -2.038 billion euros in 2015.
9.2.5.13.
COMPREHENSIVE INCOME ATTRIBUTABLE
TO OWNERS OF THE PARENT
Comprehensive income attributable to owners of the parent was -753 million euros
in 2016, compared with -1.825 billion euros in 2015. This change is primarily due
to the improvement in net income described above.
110
2016 AREVA
REFERENCE DOCUMENT