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20.4 Notes to the annual financial statements
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
20.4.5.4.
INCOME TAX
In accordance with the provisions of article 223A of the French Tax Code, AREVA
SA opted to be solely responsible for income tax due on the comprehensive income
of the consolidated group.
In 2016, AREVA SA and its consolidated subsidiaries generated a comprehensive
loss of 302,127 thousand euros.
The tax income recognized for 2016 came to 128,268 thousand euros.
It is broken down as follows:
p
Tax savings generated by tax consolidation
127,777 thousand euros
p
Income tax on earnings from all previous
financial years
-824 thousand euros
p
Tax credits
1,316 thousand euros
20.4.6.
ADDITIONAL INFORMATION
20.4.6.1.
WORKFORCE
The company employed 1 person at December 31, 2016, as indicated in the following table:
2016
2015
2014
Management personnel
1
23
29
Supervisors
0
0
0
Support staff
0
0
0
TOTAL
1
23
29
At July 1, 2016, the majority of AREVA SA’s employees had been transferred to AREVA Business Support.
20.4.6.2.
PENSIONS AND OTHER EMPLOYEE BENEFITS
AREVA SA pays retirement bonuses to its retiring employees based on their compensation and seniority.
This defined benefit plan is recognized in accordance with the accounting principles defined in note 2.9. Each year, independent actuaries determine AREVA’s commitments
at year end.
Balance sheet reconciliation
(in thousands of euros)
2016
2015
2014
TOTAL PROVISIONS FOR PENSION OBLIGATIONS AND OTHER EMPLOYEE
BENEFITS
158
2,281
1,857
Key actuarial assumptions used for valuation purposes
2016
2015
2014
Inflation
1.50%
1.60%
1.60%
Discount rate
1.50%
2.15%
1.85%
p
Mortality tables used: INSEE 2000-2002 Men/Women
p
Retirement age: 65 for management personnel, 62 for non-management
personnel
p
Average attrition
Management
personnel
Non-management
personnel
< 30 years
1.60%
1.60%
30-39
1.60%
1.60%
40-49
1.60%
1.60%
50-54
1.60%
1.60%
55 and above
0.00%
0.00%
p
Assumed rate of salary increase, net of inflation
Management
personnel
Non-management
personnel
< 30 years
1.00%
1.00%
30-39
0.50%
0.50%
40-49
0.00%
0.00%
50-54
-0.30%
-0.30%
55 and above
-0.50%
-0.50%
290
2016 AREVA
REFERENCE DOCUMENT