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

ACTUARIAL ASSUMPTIONS The following information concerns the plans valued by the group’s actuaries for the continuing operations and operations held for sale.

2016

2015

Long-term inflation

Eurozone

1.5%

1.6%

1

Discount rate

Eurozone Dollar zone

1.5% 4.0%

2.15%

1

4.0%

1

Pension benefit increases

Eurozone Dollar zone

1.5%

1.6%

1

NA

NA

1

Social security ceiling increase (net of inflation)

+0.5%

+0.5%

Mortality tables

p

2016

2015

France

Annuity

Mortality tables

Mortality tables

1

Lump sum payment

INSEE 2000-2002 Men/Women

INSEE 2000-2002 Men/Women

1

Germany

RT2005G

RT2005G

United States

adjRP2014RN & MP2016

adjRP2014RN & MP2015

Retirement age in France

p

2016

2015

Management personnel Non-management personnel

65 62

65 62

p Average attrition is assumed to occur among employees in each company at a declining rate reflecting age brackets. The rates between brackets indicate [average turnover at career start - average turnover at career end].

Management personnel

Non-management personnel

2016

2015

2016

2015

France

[1.6% -0%]

[1.6% -0%]

[0.7% -0%]

[0.7% -0%]

Germany

[7% -0%]

[7% -0%]

[7% -0%]

[7% -0%]

United States

6%

6%

6%

6%

p Assumed rates of average salary increases, including inflation. The rates between brackets indicate [average increases at career start - average increases at career end].

Management personnel

Non-management personnel

2016

2015

2016

2015

France

[2.6%; -1.1%]

[2.6%; -1.1%]

[2.6%; -1.1%]

[2.6%; -1.1%]

Germany

3%

3%

3%

3%

United States

3.75%

3.75%

3.75%

3.75%

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2016 AREVA REFERENCE DOCUMENT