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20.2 Notes to the consolidated financial statements for the year ended December 31, 2016
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
NOTE 6.
RECONCILIATION BETWEEN OPERATING INCOME AND EBITDA
(in millions of euros)
2016
2015
Operating income
(442)
(1,287)
Goodwill impairment
0
26
Net increase in depreciation and impairment of intangible assets, net of reversals
18
27
Net increase in depreciation and impairment of property, plant and equipment, net of reversals
12
13
Impairment of current assets, net of reversals
5
(57)
Provisions, net of reversals (*)
(278)
648
Investment subsidies recognized through profit and loss
0
0
Costs of end-of-lifecycle operations performed
0
0
EBITDA
(684)
(630)
(*) including increases and reversals of provisions for employee benefits.
NOTE 7.
GENERAL AND ADMINISTRATIVE EXPENSES AND OTHER OPERATING INCOME
AND EXPENSES
GENERAL AND ADMINISTRATIVE EXPENSES
In 2016, general and administrative expenses included 121 million euros in costs
kept within AREVA SA and not rebilled to the subsidiaries under agreements in
effect. Those costs are not representative of the costs AREVA SA will have to bear
once the restructuring operations have been completed. They are destined to be
borne by NewCo and NewNP once the restructuring has been completed (NewCo
capital increase and sale of New NP) and the corresponding agreements have
been set up.
OTHER OPERATING EXPENSES
(in millions of euros)
2016
2015
Restructuring and early retirement plan costs*
(13)
(23)
Goodwill impairment
-
(26)
Impairment of property, plant and equipment and intangible assets, net of reversals
-
(9)
Income on disposals of assets other than financial assets
(5)
(2)
Other operating expenses
(62)
(213)
TOTAL OTHER OPERATING EXPENSES
(80)
(274)
* Net of reversals of provisions for employee benefits.
OTHER OPERATING INCOME
(in millions of euros)
2016
2015
Income on disposals of assets other than financial assets
-
-
Other operating income
195
8
TOTAL OTHER OPERATING INCOME
195
8
Restructuring costs are recognized for the 2015 and 2016 financial years and are
described in notes 1 and 24.
Impairment of goodwill, intangible assets and property, plant and equipment in
2015 and 2016 is described in notes 10, 11 and 12 respectively.
The other operating expenses and other operating income mainly include a
provision of 180 million euros set up in 2015 for the anticipated costs of legal and
financial restructuring and reversed in 2016 due to the fact that the initial plan had
not been implemented but was rather replaced by a plan to contribute AREVA NP
operations to a new entity, New NP.
204
2016 AREVA
REFERENCE DOCUMENT