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20.1 Consolidated financial statements for the year ended December 31, 2016
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
20.1.4.
CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions of euros)
Note
Financial Year
2016
Financial year
2015*
Net income for the period
(770)
(2,036)
Less: income from operations sold, discontinued or held for sale
365
770
Net income from continuing operations
(405)
(1,267)
(Profit)/loss of joint ventures and associates
14
26
Net amortization, depreciation and impairment of PP&E and intangible assets and marketable
securities maturing in more than 3 months
6
40
Goodwill impairment
0
26
Net increase in (reversal of) provisions
(278)
648
Net effect of unwinding of assets and provisions
0
0
Income tax expense (current and deferred)
(118)
(93)
Net interest included in borrowing costs
82
(26)
Loss (gain) on disposals of fixed assets and marketable securities maturing in more than
3 months; change in fair value
9
(8)
Other non-cash items
(2)
9
Dividends from joint ventures and associates
0
0
Cash flow from operations before interest and taxes
(693)
(643)
Net interest received (paid)
(73)
40
Income tax paid
71
49
Cash flow from operations after interest and tax
(695)
(554)
Change in working capital requirement
28
100
111
NET CASH FLOW FROM OPERATING ACTIVITIES
(595)
(442)
Investment in PP&E and intangible assets
(7)
(13)
Loans granted and acquisitions of non-current financial assets
(7)
(77)
Acquisitions of shares of consolidated companies, net of acquired cash
0
0
Disposals of PP&E and intangible assets
0
1
Loan repayments and disposals of non-current financial assets
39
26
Disposals of shares of consolidated companies, net of disposed cash
0
0
NET CASH FLOW FROM INVESTING ACTIVITIES
25
(64)
Share issues in the parent company and share issues subscribed by minority shareholders
in consolidated subsidiaries
0
0
Treasury shares sold/(acquired)
0
0
Transactions with minority interests
0
0
Dividends paid to minority shareholders of consolidated companies
0
0
Increase in borrowings
2,776
12
Decrease in borrowings
(1,451)
(889)
Change in other borrowings
(119)
119
NET CASH FLOW FROM FINANCING ACTIVITIES
1,207
(758)
(Increase) decrease in securities recognized at fair value through profit and loss
0
35
Impact of foreign exchange movements
2
(1)
NET CASH FROM OPERATIONS SOLD, DISCONTINUED OR HELD FOR SALE
3
(597)
419
INCREASE (DECREASE) IN NET CASH
41
(811)
NET CASH AT THE BEGINNING OF THE YEAR
745
1,556
Cash at the end of the year
19
686
804
Less: short-term bank facilities and non-trade current accounts (credit balances)
25
(6)
(91)
Net cash from operations held for sale
107
32
NET CASH AT THE END OF THE YEAR
786
745
* In application of IFRS 5, the 2015 financial statements were restated in relation to the data reported for the previous year. The impacts of these restatements are detailed in
note 37.
2016 AREVA
REFERENCE DOCUMENT
179