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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
DEFERRED TAX ASSETS AND LIABILITIES
Continuing operations
(in millions of euros)
December 31, 2016
December 31, 2015
Deferred tax assets
1
212
Deferred tax liabilities
100
NET DEFERRED TAX ASSETS AND LIABILITIES
1
113
Operations held for sale
(in millions of euros)
December 31, 2016
New NP
NewCo
Other
Total
Deferred tax assets
231
168
58
456
Deferred tax liabilities
3
113
-
116
NET DEFERRED TAX ASSETS AND LIABILITIES
228
55
58
340
In theUnitedStates, deferred tax assetswere valued for two separate tax consolidation
groups, AREVA Inc. and AREVA Nuclear Materials LLC, pursuant to IAS 12. The
deferred tax assets were valued based on future income prospects. These future
taxable profits, less deferred losses resulting fromcauses identified as non-recurring,
were assessed as regards budget forecasts validated bymanagement. The valuation
of AREVA Inc.’s deferred tax assets is conditioned on the effective implementation
of a legal structuring plan drawn up in connection with the sale of New NP to EDF.
For 2016, the value of deferred tax assets amounted to 213 million euros for the
consolidated AREVA Inc. group, including 9 million euros for AREVA Solar, and
to 124 million euros for the consolidated AREVA Nuclear Materials LLC group.
MAIN CATEGORIES OF DEFERRED TAX ASSETS AND LIABILITIES
Continuing operations
(in millions of euros)
December 31, 2016
December 31, 2015
Tax impact of temporary differences related to:
Property, plant and equipment, intangible assets and non-current financial assets
0
(106)
Working capital assets
0
(173)
Employee benefits
1
170
Provisions for restructuring
0
Tax-driven provisions
(124)
Provisions for end-of-lifecycle operations
30
Impact of loss carry-forwards and deferred taxes
0
93
Other temporary differences
0
222
NET DEFERRED TAX ASSETS AND LIABILITIES
1
113
2016 AREVA
REFERENCE DOCUMENT
207