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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
Operations held for sale
(in millions of euros)
December 31, 2016
December 31, 2015
Operations held for sale in 2015
New NP
339
318
AREVA TA
-
-
Nuclear Measurements
-
-
Sub-total
339
318
Operations held for sale in 2016
NewCo
7,342
TOTAL (*)
7,682
318
* see note 3.
In 2016, excluding expenses for the year and unwinding expense, the main change
in liabilities comes from the change in the discount rate applied by the group (from
4.50% to 4.10%).
An audit is in progress by the administrative authority (DGEC, the General
Directorate of Energy and Climate) of the dismantling estimate for the Georges
Besse I enrichment plant. Once the conclusions of that audit have been finalized,
they will be analyzed and included in the valuation of the dismantling estimate for
that facility in 2017.
Provisions for end-of-lifecycle operations for facilities
entering in the scope of article 20 of the law of June 28,
2006, codified in articles L. 594-1 et seq. of the French
Environmental Code
Provisions for end-of-lifecycle operations of facilities covered by the law of June 28,
2006 pertaining to the sustainable management of nuclear materials and nuclear
waste were broken down as follows at December 31, 2016 andDecember 31, 2015:
(in millions of euros)
December 31, 2016
December 31, 2015
NewCo
NewCo
Dismantling of regulated nuclear facilities, excluding long-term radioactive waste management
4,645
4,310
Dismantling of used fuel, excluding long-term radioactive waste management
-
-
Retrieval and packaging of legacy waste, excluding long-term radioactive waste management
1,217
1,204
Long-term radioactive waste management
1,186
1,148
Post-closure disposal center monitoring costs
52
44
Total provisions for end-of-lifecycle operations of facilities covered by the French law of June 28,
2006
7,100
6,706
Provisions for end-of-lifecycle operations of facilities not covered by the French law of June 28, 2006
242
215
TOTAL PROVISIONS FOR END-OF-LIFECYCLE OPERATIONS
7,342
6,921
Nature of the commitments
As operators of regulated nuclear facilities (INB), the legal entities that make up the
group have the legal obligation to secure and dismantle these facilities when they are
shut down permanently in whole or in part. They must also retrieve and package, in
accordance with applicable standards, the waste generated by operating activities
which could not be processed during treatment. These facilities concern the front
end of the cycle, in particular the Tricastin site, and the back end of the cycle as
regards the la Hague recycling plant and the MOX fuel fabrication plant of MELOX.
In December 2004, the CEA, EDF and AREVA NC signed an agreement
concerning the Marcoule security-regulated nuclear facility (INBS) which transfers
the responsibilities of site owner-operator to the CEA, which will be responsible for
funding the site cleanup effort. This agreement does not cover final disposal costs
for long-lived high- andmedium-level waste. Accordingly, provisions for theMarcoule
site include only AREVA’s share of waste shipping and final waste disposal costs.
Determination of provisions for end-of-lifecycle operations
In accordance with the article 20 of the French program law no. 2006-739 of
June 28, 2006 on the sustainable management of radioactive materials and waste,
codified in articles L. 594-1
et seq.
of the French Environmental Code, AREVA
submits a report to the administrative authority every three years on cost estimates
and calculation methods for provisions, in addition to an annual update of this
report. Themethods used by AREVA to value the cost of end-of-lifecycle operations,
summarized hereunder, are described in these documents.
216
2016 AREVA
REFERENCE DOCUMENT