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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
TRANSACTIONS BETWEEN THE GROUP AND ADWEN
These transactions are described in note 3.
(in millions of euros)
Adwen
December 31, 2016
December 31, 2015
Sales
4
5
Purchases
-
9
Loans to/receivables from related parties
241
373
Borrowings from related parties
-
-
TRANSACTIONS BETWEEN THE GROUP AND ETC
These transactions are described in note 14.
AREVA buys centrifuges from ETC for its new Georges Besse II enrichment plant
and supplies relatedmaintenance services. AREVA’s purchases of assets fromETC
totaled 18 million euros in 2016 (compared with 81 million euros at December 31,
2015).
RELATIONS WITH GOVERNMENT-OWNED COMPANIES
The group has business relationships with government-owned companies, in
particular EDF and the CEA (Commissariat à l’énergie atomique et aux énergies
alternatives).
Transactions with EDF concern the front end of the nuclear fuel cycle (uranium sales
and conversion, enrichment and fuel fabrication services), the back end of the cycle
(used fuel transportation, storage, treatment and recycling services), power plant
maintenance and equipment sales.
Transactions with the CEA concern dismantling of the CEA’s nuclear facilities;
engineering services for the design and construction and of the CEA’s research
reactors and related operating support; and the provision of studies and research
work. In addition, AREVA pays fees to the CEA for the use of its used nuclear fuel
reprocessing processes.
The group also provides services to the CEA concerning engineering services and
research, cleanup and dismantling services, and has two contracts for the design
and construction of certain components of an experimental reactor. Execution of
these two contracts has met with difficulties which have resulted in the recognition
of provisions (see note 24).
COMPENSATION PAID TO KEY EXECUTIVES
(in millions of euros)
2016
2015
Short-term benefits
6.1
4.5
Termination benefits
3.5
1.7
Post-employment benefits
1.2
0.1
Other long-term benefits
0
-
TOTAL
10.8
6.3
Key executives are:
p
for 2015 data: from January 1 to 8, 2015, the members of the Executive Board and of the Supervisory Board and, as from January 9, 2015, the members of the Board
of Directors and of the Executive Committee;
p
for 2016 data: from January 1 to June 30, 2016, the members of the Board of Directors and of the Executive Committee of AREVA SA and, from July 1 to December 31,
2016, the members of the Board of Directors of AREVA SA, the members of the Executive Committees of NewCo and of AREVA NP, and the members of the
Management Committee of AREVA SA.
Short-term benefits and termination benefits include compensation paid during the year by the group and by the CEA.
2016 AREVA
REFERENCE DOCUMENT
247