Areva - Reference Document 2016

20

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 16. INVENTORIES AND WORK-IN-PROCESS

CONTINUING OPERATIONS

December 31, 2016

December 31, 2015

(in millions of euros)

Gross amount

Impairment

Net amount Gross amount

Impairment

Net amount

Raw materials and other supplies

-

- - - - -

-

327

(104)

223

Goods in process Services in process

2

2

13

(0)

13

- -

- -

854 416

(239)

615 365

Intermediate and finished products

(51)

TOTAL

2

2

1,611

(395)

1,216

Inventories and work-in-process

at cost

2

744 472

1

1 at fair value net of disposal expenses

-

CHANGE IN WRITE-DOWNS OF INVENTORIES AND WORK-IN-PROCESS

JANUARY 1, 2016

(395)

Charges

(77)

Reversal (when risk has materialized) Reversal (when risk has not materialized)

30

5

Change in consolidated group

-

Other

(1)

Operations held for sale DECEMBER 31, 2016

438

-

These write-downs relate to the downward trend of market price indicators for SWUs and conversion over the period.

At December 31, 2016, write-downs of inventories and work-in-process were recognized in the amount of 46 million euros (compared with 113 million euros in 2015), including 26 million euros for inventories of the separative work units (SWU) of the Enrichment operations and 20 million euros for the conversion inventories (UF 6 ) of the Chemistry operations.

OPERATIONS HELD FOR SALE

Net carrying amount of inventories and work-in-process

(in millions of euros)

December 31, 2016 December 31, 2015

Operations held for sale in 2015 New NP

699

644

AREVA TA

10

15 37

Nuclear Measurements

-

Sub-total

709

696

Operations held for sale in 2016 NewCo

1,259 1,968

TOTAL (*) * see note 3.

696

224

2016 AREVA REFERENCE DOCUMENT