Areva - Reference Document 2016

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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 16. INVENTORIES AND WORK-IN-PROCESS
CONTINUING OPERATIONS
(in millions of euros)
December 31, 2016 December 31, 2015
Gross amount Impairment Net amount Gross amount Impairment Net amount
Raw materials and other supplies - - - 327 (104) 223
Goods in process 2 - 2 13 (0) 13
Services in process - - - 854 (239) 615
Intermediate and finished products - - - 416 (51) 365
TOTAL 2 - 2 1,611 (395) 1,216
Inventories and work-in-process
1 at cost 2 744
1 at fair value net of disposal expenses - 472
CHANGE IN WRITE-DOWNS OF INVENTORIES AND WORK-IN-PROCESS
JANUARY 1, 2016 (395)
Charges (77)
Reversal (when risk has materialized) 30
Reversal (when risk has not materialized) 5
Change in consolidated group -
Other (1)
Operations held for sale 438
DECEMBER 31, 2016 -
At December 31, 2016, write-downs of inventories and work-in-process were
recognized in the amount of 46 million euros (compared with 113 million euros in
2015), including 26 million euros for inventories of the separative work units (SWU)
of the Enrichment operations and 20 million euros for the conversion inventories
(UF6) of the Chemistry operations.
These write-downs relate to the downward trend of market price indicators for SWUs
and conversion over the period.
OPERATIONS HELD FOR SALE
Net carrying amount of inventories and work-in-process
(in millions of euros) December 31, 2016 December 31, 2015
Operations held for sale in 2015
New NP 699 644
AREVA TA 10 15
Nuclear Measurements - 37
Sub-total 709 696
Operations held for sale in 2016
NewCo 1,259
TOTAL (*) 1,968 696
* see note 3.
224 2016 AREVA REFERENCE DOCUMENT