Areva - Reference Document 2016

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20.2 Notes to the consolidated financial statements for the year ended December 31, 2016 FINANCIAL INFORMATION CONCERNING ASSETS, FINANCIAL POSITION AND FINANCIAL PERFORMANCE

NOTE 12. PROPERTY, PLANT AND EQUIPMENT

Continuing operations

Plant, equipment and tooling

End-of-life cycle assets – AREVA share Other

In progress

(in millions of euros)

Land

Buildings

Total

Gross amount at December 31, 2015

162

1,803

19,374

1,297 1,567 1,916 26,119

CAPEX

-

6

28

- -

3

465 (26)

502

Disposals

(0)

(6)

(59)

(75)

(165)

Assets and operations held for sale Currency translation adjustments Change in consolidated group

(156)

(1,898)

(19,710)

(1,528) (1,481)

(1,966)

(26,739)

2

19

50

0

29 (9)

14 (0)

114 196

(0)

(15) 100

222 101

-

Other changes

2

230

41 (399)

76

Gross amount at December 31, 2016

10

9

5

0

74

4

102

Depreciation and provisions at December 31, 2015

(83)

(846)

(14,554)

(976) (1,261)

(757) (18,477)

Net increase in depreciation/ impairment (1)

(1)

(67)

(298)

(33)

(49)

(322)

(771)

Disposals

0

5

53

-

61

0

120

Assets and operations held for sale Currency translation adjustments Change in consolidated group

80 (0)

947

15,077

1,020 1,201

826 19,150

(7) 10

(14)

(0)

(23)

(1)

(45)

0

1

-

8 3

-

19

Other changes

(4) (9) 79

(47)

(269)

(11)

254

(74) (78)

Depreciation and provisions at December 31, 2016 Net carrying amount at December 31, 2015

(4)

(4)

0 (60)

(1)

957

4,819

322 306 1,158 7,642

NET CARRYING AMOUNT FOR THE YEAR ENDED DECEMBER 31, 2016

25

1

5

1

0

14

3

(1) Impairment of PPE in the amount of 344 million euros was recognized at December 31, 2016.

At December 31, 2016, the net carrying amount of capitalized finance lease contracts was 1 million euros (4 million euros at December 31, 2015).

Operations held for sale

(in millions of euros)

December 31, 2016 December 31, 2015

Operations held for sale in 2015 New NP

1,093

964

AREVA TA

24

24 18

Nuclear Measurements

-

Sub-total

1,117

1,006

Operations held for sale in 2016 NewCo

7,589 8,706

TOTAL (*) * see note 3.

1,006

Interest expenses capitalized in the cost of property, plant and equipment were not significant at December 31, 2015 and December 31, 2016.

MINING ASSETS IN NIGER - IMOURAREN The group holds 57.7% of the Imouraren mining asset, with the remaining 42.3% held by minority interests (the State of Niger, Sopamin, and Korea Imouraren Uranium Investment [KIU]). The site has been in “care and maintenance” status since 2015. The project will restart when uranium market conditions permit. In accordance with the Strategic

Partnership Agreement signed in 2014, the State of Niger and AREVA will discuss the project schedule during the first quarter of 2017. Impairment of 194 million euros was recognized for certain assets devoted to the project (equipment and studies) at December 31, 2015. In view of uraniummarket conditions, an impairment test was carried out prior to the classification of NewCo in operations held for sale. The total impairment recorded for the period ended December 31, 2016 amounted to 316 million euros based on

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2016 AREVA REFERENCE DOCUMENT