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

RECONCILIATION BETWEEN NET CASH REPORTED IN THE STATEMENT OF CASH FLOWS AND NET CASH (DEBT) REPORTED IN THE STATEMENT OF FINANCIAL POSITION

Change 2016/2015

(in millions of euros)

2016

2015

Net cash per statement of cash flows

786

745

+41

Short-term bank facilities and non-trade current accounts (credit balances)

6

91

-85 -75

Net cash from (used in) operations held for sale

(107)

(32) 217

Financial instruments and margin calls

24

-193

Borrowings

(2,182) (1,473)

(7,344) (6,323)

+5,162 +4,850

NET CASH (DEBT)

SCHEDULE OF BORROWINGS

Change 2016/2015

(in millions of euros)

2016

2015

Interest-bearing advances from customers

-

96

-96

Borrowings from lending institutions and commercial paper

2,065

894

+1,171 -5,947

Bond issues

-

5,974

Short-term bank facilities and other credit balances

6

91

-85

Financial derivatives

108

235

-127

Other financial liabilities (including finance lease obligations)

2

55

-53

TOTAL BORROWINGS

2,182

7,344

-5,162

9.2.7.4. EQUITY Equity attributable to owners of the parent totaled -3.417 billion euros at December 31, 2016, compared with -2.516 billion euros at December 31, 2015. This change reflects in particular the impact of comprehensive income attributable to owners of the parent for 2016 in the amount of -753 million euros. ASSETS AND PROVISIONS FOR END-OF-LIFECYCLE OPERATIONS The majority of end-of-lifecycle operations concern operations included in the consolidation scope of New AREVA Holding (Mining, Chemistry-Enrichment, Back End) and to a lesser extent that of AREVA NP. At December 31, 2016, the flows relating to these operations were recognized on specific lines of the statement of income, the statement of cash flows and the statement of financial position devoted to “operations sold, discontinued or held for sale”. 9.2.7.5.

(in millions of euros)

December 31, 2016 December 31, 2015

Assets End-of-lifecycle assets

- - - - - - -

500 322 178

AREVA share (to be amortized in future years)

Third-party share

Assets earmarked for end-of-lifecycle operations Shareholders’ equity and liabilities Provisions for end-of-lifecycle operations

6,122

6,921 6,743

- of which provisions for end-of-lifecycle operations to be funded by AREVA - of which provisions for end-of-lifecycle operations to be funded by third parties

178

115

2016 AREVA REFERENCE DOCUMENT