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20.4 Notes to the annual financial statements
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
Net carrying amount of defined benefit obligations
(in thousands of euros)
2016
2015
2015
Defined benefit obligation
69
3,753
3,772
Fair value of plan assets
Unrecognized actuarial losses
106
-1,157
-1,566
Unrecognized past service gains
-17
-315
-349
TOTAL DEFINED BENEFIT OBLIGATION
158
2,281
1,857
Change in the provision
(in thousands of euros)
2016
2015
2014
Change in the provision:
Restated opening balance
2,281
1,857
2,700
Mergers and acquisitions/Transfers
(1)
-2,498
-1,134
Total expense
374
426
293
Contributions collected/benefits paid
-2
-2
BENEFIT OBLIGATION AT DECEMBER 31
158
2,281
1,857
(1) Change in liabilities due to outgoing transfers to AREVA Business Support.
Total expense for the year
(in thousands of euros)
2016
2015
2014
Current service cost
184
198
172
Interest cost
84
73
108
Expected return on plan assets
Amortization of actuarial gains or losses
34
34
4
Past service cost
72
121
9
Plan creation, curtailment or liquidation
TOTAL EXPENSE FOR THE YEAR
374
426
293
20.4.6.3.
INFORMATION ON LEASE ARRANGEMENTS
Finance lease contracts carried by Euriware were taken over by AREVA SA on April 30, 2014.
Balance sheet account
Fees paid
Accrued fees
Residual
purchase
price
for the year
cumulative
up to 1 year
1 year
to 5 years
> 5 years
Total
to be paid
Computer equipment
3,517
15,805
1,248
44
-
1,292
-
TOTAL
3,517
15,805
1,248
44
-
1,292
-
20.4.6.4.
COMPANY EXPOSURE TO MARKET RISK
General objectives
AREVA SA has an organization dedicated to implementingmarket riskmanagement
policies approved by the Executive Committee for centralized management of
exposure to foreign exchange, commodity, rate and liquidity risks.
In the Finance department, the Financial Operations and Treasury Management
Department (DOFT) makes transactions on financial markets and acts as a central
desk that provides services and manages AREVA SA’s financial exposure. This
department is organized with a front, middle and back office and accounting,
ensuring the separation of functions, and has all the human, technical, and
information system resources necessary to accomplish its mission. Transactions
handled by DOFT cover foreign exchange and commodities trading, interest rates,
centralized cash management, internal and external financing, borrowings and
investments, and asset management.
2016 AREVA
REFERENCE DOCUMENT
291