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20.4 Notes to the annual financial statements
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
20.4.4.12.1. Within the framework of the partial asset
contribution, all of the bonds issued by AREVA SA were
transferred to New AREVA Holding.
20.4.4.12.2. The change in loans and borrowings with credit
institutions corresponds to the accrued interest on the
syndicated line of credit and the bilateral lines of credit.
20.4.4.12.3. The change in other liabilities is mainly due to
the revaluation of cash instruments at the closing rate and
reflects the transfer of those instruments in the framework of
the partial asset contribution.
20.4.5.
NOTES TO THE INCOME STATEMENT
20.4.5.1.
CURRENT OPERATING INCOME
Reported revenue includes:
p
the rebilling of a trademark fee and shared services to the subsidiaries in the
total amount of 307,122 thousand euros;
The trademark fee is due by all customer entities of the AREVA brand and
associated activities. Three types of activities are concerned:
○
marketing and sales,
○
communications,
○
public affairs.
By default, the fee is 0.9% of each relevant subsidiary’s contribution to
consolidated revenue. Shared services are billed based on a catalogue of
services;
p
the revenue from real estate operations in the amount of 35,277 thousand euros;
p
the rebilling of seconded personnel in the amount of 7,732 thousand euros.
Operating expenses reflect holding company activities and services provided to
subsidiaries. The operating loss came to 181,669 thousand euros.
20.4.5.2.
NET FINANCIAL INCOME
Net financial income in the amount of -83,513 thousand euros mainly includes:
p
net income on non-trade accounts
and loans to associates
115,191 thousand euros
p
debt forgiveness for AREVA TA in connection
with the RJH project
-14,000 thousand euros
p
net charge on financial instruments
3,136 thousand euros
p
interest expenses on loans
-197,672 thousand euros
p
foreign exchange gain
9,104 thousand euros
p
charges to provisions for investments
in associates
-123,167 thousand euros
(1)
p
reversal of provisions for loans
to associates
-140,946 thousand euros
(2)
p
charges to provisions for financial risk
-304,231 thousand euros
(3)
p
charges to provisions for current accounts
-54,184 thousand euros
(4)
p
reversals of provisions for investments
in associates
500,029 thousand euros
(5)
p
reversals of provisions for financial risk
125,347 thousand euros
(6)
p
net gain from disposals of securities
188 thousand euros
20.4.5.3.
EXCEPTIONAL ITEMS
Exceptional items amounting to 206,623 thousand euros correspond mainly to:
p
net reversals of provisions related to the restructuring
of the company’s Paris-area properties
16,135 thousand euros
p
net reversal of provisions for contingencies related
to a prototype experimental reactor
14,000 thousand euros
p
scrapping of property, plant and equipment
and intangible assets
-3,187 thousand euros
p
reversal of a provision for the OL3 contract,
not transferred from AREVA NP to AREVA SA
180,000 thousand euros
(1) mainly AREVA Business Support.
(2) mainly AREVA Énergies Renouvelables.
(3) mainly AREVA NP and AREVA Énergies Renouvelables.
(4) mainly AREVA Énergies Renouvelables.
(5) mainly AREVA Mines.
(6) mainly AREVA Business Support.
2016 AREVA
REFERENCE DOCUMENT
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