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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 26.
ADVANCES AND PREPAYMENTS RECEIVED
CONTINUING OPERATIONS
(in millions of euros)
December 31, 2016
December 31, 2015
Advances and prepayments on orders
30
1,868
Customer advances and prepayments invested in non-current assets
-
1,026
TOTAL
30
2,895
At December 31, 2016, advances and prepayments by maturity were as follows:
p
less than 1 year:
18 million euros
p
1-5 years:
12 million euros
p
more than 5 years: - million euros
OPERATIONS HELD FOR SALE
(in millions of euros)
December 31, 2016
December 31, 2015
Operations held for sale in 2015
New NP
1,391
1,417
AREVA TA
280
265
Nuclear Measurements
-
10
Sub-total
1,672
1,692
Operations held for sale in 2016
NewCo
2,874
TOTAL (*)
4,545
1,692
* see note 3.
This account comprises non-interest-bearing operating and Capex advances and
prepayments received from customers pursuant to contractual commitments.
The advances and prepayments are reimbursed by deduction from the revenue
generated under these contracts, which primarily concern sales of fuel and uranium,
and used fuel treatment and recycling. Interest-bearing advances are recognized
in borrowings.
Only advances and prepayments effectively collected are recognized as a liability.
Trade advances and prepayments on orders correspond to amounts received from
customers under contracts that do not finance significant non-current assets. In the
case of long-term contracts, the amount recorded on the balance sheet represents
the net balance of advances and prepayments received and revenue invoiced or
recognized on a percentage of completion basis; it also includes interest income
calculated on cash surpluses generated by these advances and prepayments, the
amount of which is determined contract by contract.
Customer advances and prepayments invested in non-current assets correspond
to amounts received from customers and used to finance capital expenditures for
the performance of long-term contracts to which they have subscribed.
244
2016 AREVA
REFERENCE DOCUMENT