Areva - Reference Document 2016
09
9.2 Situation and activities of the company and its subsidiaries by business segment during the year OPERATING AND FINANCIAL REVIEW
9.2.5.7. NET FINANCIAL INCOME The net financial income of the continuing operations reached -68 million euros in 2016, compared with -46 million euros in 2015.
(in millions of euros)
2016
2015
Net borrowing costs [(expense)/ income] Other financial income and expenses Of which share related to end-of-lifecycle operations Of which share not related to end-of-lifecycle operations
(73)
19
5
(65)
-
-
5
(65) (46)
NET FINANCIAL INCOME
(68)
9.2.5.10. NET INCOME AFTER TAX FROM OPERATIONS SOLD, DISCONTINUED OR HELD FOR SALE Added to the key items of the income statement described above is net income after tax of operations sold, discontinued or held for sale, which encompasses the net income of NewCo, New NP, AREVA TA, Canberra and the Solar Energy operations (see 9.2.2). It amounted to -365 million euros in 2016, compared with -770 million euros in 2015. 9.2.5.11. MINORITY INTERESTS In 2016, minority interests in the group’s net income represented -105 million euros, as contrasted with 2 million euros in 2015. This share mainly includes the contribution of minority shareholders in the mining and enrichment businesses. 9.2.5.12. NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT Net income attributable to owners of the parent was -665 million euros in 2016, compared with -2.038 billion euros in 2015. 9.2.5.13. COMPREHENSIVE INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT Comprehensive income attributable to owners of the parent was -753 million euros in 2016, compared with -1.825 billion euros in 2015. This change is primarily due to the improvement in net income described above.
The increase in net borrowing costs in 2016 is explained chiefly by the financial expenses resulting from the draws on bilateral lines of credit and on the revolving credit facility (RCF), and by the drop in interest income. Other financial expenses included in particular debt forgiveness granted to an operation held for sale in the amount of 14million euros (compared with 66million euros at December 31, 2015). INCOME TAX Net tax income was positive due to the losses posted by the continuing operations in France, reaching +118 million euros in 2016, versus a net amount of +93 million euros in 2015. SHARE IN NET INCOME OF JOINT VENTURES AND ASSOCIATES The share in net income of joint ventures and associates was -14 million euros in 2016, compared with -26 million euros in 2015. 9.2.5.8. 9.2.5.9.
(in millions of euros)
2016
2015
Adwen
(14)
(26)
Other joint ventures
(1)
(1)
Associates
1
1
TOTAL
(14)
(26)
110
2016 AREVA REFERENCE DOCUMENT
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