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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 12.
PROPERTY, PLANT AND EQUIPMENT
Continuing operations
(in millions of euros)
Land
Buildings
Plant,
equipment
and tooling
End-of-life
cycle assets –
AREVA share Other
In
progress
Total
Gross amount at December 31, 2015
162
1,803
19,374
1,297 1,567 1,916 26,119
CAPEX
-
6
28
-
3
465
502
Disposals
(0)
(6)
(59)
-
(75)
(26)
(165)
Assets and operations held for sale
(156)
(1,898)
(19,710)
(1,528) (1,481)
(1,966)
(26,739)
Currency translation adjustments
2
19
50
0
29
14
114
Change in consolidated group
(0)
(15)
222
-
(9)
(0)
196
Other changes
2
100
101
230
41 (399)
76
Gross amount at December 31, 2016
10
9
5
0
74
4
102
Depreciation and provisions at December 31, 2015
(83)
(846)
(14,554)
(976) (1,261)
(757) (18,477)
Net increase in depreciation/ impairment
(1)
(1)
(67)
(298)
(33)
(49)
(322)
(771)
Disposals
0
5
53
-
61
0
120
Assets and operations held for sale
80
947
15,077
1,020 1,201
826 19,150
Currency translation adjustments
(0)
(7)
(14)
(0)
(23)
(1)
(45)
Change in consolidated group
0
10
1
-
8
-
19
Other changes
(4)
(47)
(269)
(11)
3
254
(74)
Depreciation and provisions at December 31, 2016
(9)
(4)
(4)
0 (60)
(1)
(78)
Net carrying amount at December 31, 2015
79
957
4,819
322 306 1,158 7,642
NET CARRYING AMOUNT FOR THE YEAR
ENDED DECEMBER 31, 2016
1
5
1
0
14
3
25
(1) Impairment of PPE in the amount of 344 million euros was recognized at December 31, 2016.
At December 31, 2016, the net carrying amount of capitalized finance lease contracts was 1 million euros (4 million euros at December 31, 2015).
Operations held for sale
(in millions of euros)
December 31, 2016
December 31, 2015
Operations held for sale in 2015
New NP
1,093
964
AREVA TA
24
24
Nuclear Measurements
-
18
Sub-total
1,117
1,006
Operations held for sale in 2016
NewCo
7,589
TOTAL (*)
8,706
1,006
* see note 3.
Interest expenses capitalized in the cost of property, plant and equipment were not significant at December 31, 2015 and December 31, 2016.
MINING ASSETS IN NIGER - IMOURAREN
The group holds 57.7% of the Imouraren mining asset, with the remaining 42.3%
held by minority interests (the State of Niger, Sopamin, and Korea Imouraren
Uranium Investment [KIU]).
The site has been in “care and maintenance” status since 2015. The project will
restart when uranium market conditions permit. In accordance with the Strategic
Partnership Agreement signed in 2014, the State of Niger and AREVA will discuss
the project schedule during the first quarter of 2017.
Impairment of 194 million euros was recognized for certain assets devoted to the
project (equipment and studies) at December 31, 2015.
In view of uraniummarket conditions, an impairment test was carried out prior to the
classification of NewCo in operations held for sale. The total impairment recorded
for the period ended December 31, 2016 amounted to 316 million euros based on
2016 AREVA
REFERENCE DOCUMENT
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