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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
9.2.7.
BALANCE SHEET ITEMS
CONDENSED BALANCE SHEET
(in millions of euros)
December 31, 2016
December 31, 2015
Assets
Net goodwill
-
1,272
Net property, plant and equipment and intangible assets
67
9,290
Assets earmarked for end-of-lifecycle operations
-
6,300
Investments in joint ventures and associates
10
100
Other non-current assets
234
573
Deferred taxes (assets – liabilities)
1
112
Operating working capital requirement
(109)
(2,718)
Assets of operations held for sale
27,032
7,076
Shareholders’ equity and liabilities
Equity attributable to owners of the parent
(3,417)
(2,516)
Minority interests
(10)
235
Provisions for end-of-lifecycle operations (AREVA share)
-
6,743
Provisions for end-of-lifecycle operations (third party share)
-
178
Other current and non-current provisions
2,064
5,683
Net borrowings
1,473
6,323
Liabilities of operations held for sale
27,391
5,320
Other assets and liabilities
(265)
39
TOTAL – CONDENSED BALANCE SHEET
27,235
22,005
9.2.7.1.
NON-CURRENT ASSETS
Net goodwill
Net goodwill went from 1.272 billion euros at December 31, 2015 to 0 at
December 3, 2016. This decrease is due to the adoption of IFRS 5 for the operations
of NewCo, AREVA TA and New NP.
Net property, plant and equipment and intangible assets
Net property, plant and equipment and intangible assets went from 9.290 billion
euros at December 31, 2015 to 67 million euros at December 31, 2016. This
decrease is due mainly to the adoption of IFRS 5 for the operations of NewCo,
AREVA TA and New NP.
Other non-current assets
Other non-current financial assets went from573million euros in 2015 to 234million
euros in 2016, principally due to the adoption of IFRS 5 for the operations of NewCo,
AREVA TA and New NP. Loans to affiliates included a shareholder loan to Adwen
in the amount of 229 million euros.
9.2.7.2.
OPERATING WORKING CAPITAL REQUIREMENT
AREVA’s operating working capital requirement (operating WCR) was negative
(resource), at -109million euros at December 31, 2016, comparedwith -2.718 billion
euros a year earlier. This change is due mainly to the adoption of IFRS 5 for the
operations of NewCo, AREVA TA and New NP.
9.2.7.3.
NET CASH (DEBT)
The group’s net financial debt totaled 1.473 billion euros at December 31, 2016,
compared with 6.323 billion euros at December 31, 2015. This apparent reduction
in net debt is due mainly to the adoption of IFRS 5 for the operations of NewCo,
AREVA TA and New NP. In fact, in view of the adoption of that standard, NewCo’s
debt (bond debt and financing of the Georges Besse II plant) is considered to be
external debt.
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2016 AREVA
REFERENCE DOCUMENT