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20.4 Notes to the annual financial statements
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
20.4.6.5.
RELATED PARTIES
The transactions with related parties listed in this paragraph are considered
significant and were not concluded at normal market conditions based on the
criteria indicated below.
A transaction is deemed significant if a lack of disclosure or an erroneous disclosure
may have an influence on economic decisions by third parties who rely on the
financial statements. Whether a transaction is significant or not depends on the
nature and/or the amount of the transaction.
Conditions may be considered “normal” when they are customarily employed by the
company in its dealings with third parties, such that the beneficiary of the transaction
does not receive a more favorable treatment than other third parties dealing with the
company, taking into account the practices of other companies in the same sector.
OnMay 20, 2016, AREVA SA confirmed its participation in the financing of the RJH
project in the form of the acquisition of a reserved and guaranteed right of access
to the experimentation capacity of RJH.
20.4.6.6.
OFF-BALANCE-SHEET COMMITMENTS
(in thousands of euros)
Note
Total
< 1 year
1 to 5 years
> 5 years
Commitments given
Bid guarantees
Performance warranties
896,636
190,749
488,644
217,243
Down payment guarantees
377,436
585
5,400
371,451
Guarantees for waivers of warranty retentions
After-sales warranties
Other operating commitments
134,058
134,058
Total operating commitments given
1,408,130
191,334
494,044
722,752
Comfort letters given
100,000
100,000,
Guarantees and surety
6,184,530
2,015,945
2,171,314
1,997,271
Liens given
Mortgages given
Other funding guarantees
227,053
171,428
55,625
Total commitments and collateral given on financing
6,511,583 2,187,373 2,226,939 2,097,271
Guarantees of assets and liabilities
15,000
15,000
Guarantees pertaining to rental obligations given
8,870
1,672
7,198
Other commitments given
1,653
1,653
Total other commitments given
25,523
3,325
22,198
I. TOTAL COMMITMENTS GIVEN
7,945,236 2,382,032 2,743,181 2,820,023
Commitments received
Market guarantees received
3,787
3,787
Vendor warranties received
677
677
Other commitments received
50,000
50,000
II. TOTAL COMMITMENTS RECEIVED
54,464
4,464
50,000
Reciprocal commitments
Firm multiyear purchase commitments
Firm multiyear sales commitments
Unused lines of credit
Future minimum payments on operating leases
113,349
37,783
75,566
Other reciprocal commitments
III. TOTAL RECIPROCAL COMMITMENTS
113,349
37,783
75,566
Commitments given
The group gave a parent company guarantee to its customer TVO for the execution
of contractual obligations for the construction of an EPR in Finland. The group
received a counter guarantee fromSiemens in the amount of its share in the contract
with TVO. The commitment given by the group corresponds to the amount of the
contract, unless TVO succeeds in demonstrating the existence of a serious and
intentional offence by the supplier. TVO has called on this guarantee several times,
and the group has rejected these calls. No value concerning these guarantees was
included in the previous table.
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2016 AREVA
REFERENCE DOCUMENT