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20.4 Notes to the annual financial statements
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
20.4.4.3.1. The “Associates” line totaling 6,043,978
thousand euros and primarily comprises the following
securities:
p
AREVA NP
5,092,280 thousand euros
p
New AREVA Holding
693,820 thousand euros
p
AREVA Énergies Renouvelables
155,003 thousand euros
p
AREVA TA
96,520 thousand euros
The principal changes in the “Associates” line consists of:
p
Partial asset contribution transactions which increase the value of New AREVA
Holding’s investments in associates by 442,280 thousand euros (including
the acquisition of AREVA Nuclear Materials shares in the amount of 358,391
thousand euros);
p
The merger between AREVA TA and CEDEC transferring the value of CEDEC
shares for the interest in AREVA TA in the amount of 33,466 thousand euros;
p
The subscription to the capital increase of AREVA Business Support in the
amount of 122,000 thousand euros;
p
The subscription to the capital increase of AREVA TA in the amount of 49,000
thousand euros.
20.4.4.3.2. The “loans to associates” line in the amount
of 1,330,551 thousand euros concerns medium-term loans
granted to companies of the group, including accrued
interest (see note 4.6). At December 31, 2016, these
companies were mainly:
p
AREVA Énergies Renouvelables
576,308 thousand euros
p
AREVA Inc.
536,108 thousand euros
(565,111 thousand USD)
p
Atmea
110 501 thousand euros
p
AREVA Solar PTY Limited
65,074 thousand euros
(94,939 thousand AUD)
p
AREVA Stockage d’Énergie
42,017 thousand euros
The principal changes in the “loans to associates” line consists of:
p
Partial asset contribution transactions transferring to New AREVA Holding
3,677,531 thousand euros of receivables;
p
Repayments received by AREVA Inc during the year in the amount of
454,747 thousand euros;
p
Repayments received by AREVA Solar Inc during the year in the amount of
111,292 thousand euros;
p
Repayments received by SET during the year in the amount of
88,762 thousand euros;
p
The increase in loans granted to AREVA Energies Renouvelables in the amount
of 130,000 thousand euros.
20.4.4.3.3. “Other long-term investments” include:
p
Security deposits related to commercial leases for theAREVATower inCourbevoie
in the amount of approximately 2,582 thousand euros at December 31, 2016;
p
Treasury shares bought back from the Framépargne fund in connection with a
liquidity contract in the amount of 9,937 thousand euros;
p
The liquidity contact with Natixis in the amount of 167 thousand euros, with
purchases and sales of these shares constituting the principal changes in this
item.
AREVA SA’s membership in the European Liability Insurance for the Nuclear
Industry (Elini) mutual insurance company and itsmembership in the BlueREmutual
insurance company were transferred to New AREVA Holding.
20.4.4.4.
WRITE-DOWNS OF LONG-TERM INVESTMENTS
Write-downs
(in thousands of euros)
Note
2015
Partial asset
contribution
Increase
Decrease
2016
Associates
20.4.4.4.1
6,155,573
-529,128
123,167
500,029
5,249,584
Loans to associates
20.4.4.4.2
549,455
-114,093
140,946
576,308
Investment portfolio
Other long-term securities
59
59
Loans
Other long-term investments:
1
Receivables related to end-of-lifecycle
operations
1
End-of-lifecycle assets - Third party share
1
Other long-term investments
20.4.4.4.3
5,921
6,753
5,921
6,753
TOTAL LONG-TERM INVESTMENTS
6,711,008
-643,221
270,866
505,950
5,832,703
20.4.4.4.1. In view of the accounting rules and methods
(see 2.2.), charges to provisions for shares in associates
correspond to write-downs of the shares as follows:
p
AREVA Business Support
122,000 thousand euros
p
AREVADelfi
922 thousand euros
Reversals correspond to provisions on the shares:
p
AREVA Mines
499,000 thousand euros;
p
Cilas
1,029 thousand euros.
In connection with the partial asset contribution transactions made at carrying
amount, the balance of provisions on investments in associates, mainly concerning
the shares of AREVA Mines, AREVA Business Support and AREVADelfi, were
transferred to New AREVA Holding.
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2016 AREVA
REFERENCE DOCUMENT