Areva - Reference Document 2016

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20.1 Consolidated financial statements for the year ended December 31, 2016 FINANCIAL INFORMATION CONCERNING ASSETS, FINANCIAL POSITION AND FINANCIAL PERFORMANCE

20.1.4. CONSOLIDATED STATEMENT OF CASH FLOWS

Financial Year 2016

Financial year 2015*

(in millions of euros)

Note

Net income for the period

(770)

(2,036)

Less: income from operations sold, discontinued or held for sale

365

770

Net income from continuing operations (Profit)/loss of joint ventures and associates

(405)

(1,267)

14

26

Net amortization, depreciation and impairment of PP&E and intangible assets and marketable securities maturing in more than 3 months

6 0

40 26

Goodwill impairment

Net increase in (reversal of) provisions

(278)

648

Net effect of unwinding of assets and provisions Income tax expense (current and deferred)

0

0

(118)

(93) (26)

Net interest included in borrowing costs

82

Loss (gain) on disposals of fixed assets and marketable securities maturing in more than 3 months; change in fair value

9

(8)

Other non-cash items

(2)

9 0

Dividends from joint ventures and associates

0

Cash flow from operations before interest and taxes

(693)

(643)

Net interest received (paid)

(73)

40 49

Income tax paid

71

Cash flow from operations after interest and tax

(695)

(554)

Change in working capital requirement

28

100

111

NET CASH FLOW FROM OPERATING ACTIVITIES

(595)

(442)

Investment in PP&E and intangible assets

(7) (7)

(13) (77)

Loans granted and acquisitions of non-current financial assets Acquisitions of shares of consolidated companies, net of acquired cash

0 0

0 1

Disposals of PP&E and intangible assets

Loan repayments and disposals of non-current financial assets Disposals of shares of consolidated companies, net of disposed cash

39

26

0

0

NET CASH FLOW FROM INVESTING ACTIVITIES

25

(64)

Share issues in the parent company and share issues subscribed by minority shareholders in consolidated subsidiaries

0 0 0 0

0 0 0 0

Treasury shares sold/(acquired) Transactions with minority interests

Dividends paid to minority shareholders of consolidated companies

Increase in borrowings Decrease in borrowings Change in other borrowings

2,776

12

(1,451)

(889)

(119)

119

NET CASH FLOW FROM FINANCING ACTIVITIES

1,207

(758)

(Increase) decrease in securities recognized at fair value through profit and loss

0 2

35 (1)

Impact of foreign exchange movements

NET CASH FROM OPERATIONS SOLD, DISCONTINUED OR HELD FOR SALE

3

(597)

419

INCREASE (DECREASE) IN NET CASH NET CASH AT THE BEGINNING OF THE YEAR

41

(811) 1,556

745 686

Cash at the end of the year

19 25

804 (91)

Less: short-term bank facilities and non-trade current accounts (credit balances)

(6)

Net cash from operations held for sale NET CASH AT THE END OF THE YEAR

107 786

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745 * In application of IFRS 5, the 2015 financial statements were restated in relation to the data reported for the previous year. The impacts of these restatements are detailed in note 37.

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2016 AREVA REFERENCE DOCUMENT