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

manufacturing process which AREVA NP is required to bring into compliance. The corresponding estimated costs were factored into the project’s costs at completion.

The financial statements at December 31, 2016 assume that the analyses and/or retesting will lead to a positive result with the customers and their safety authorities.

NOTE 25. BORROWINGS

CONTINUING OPERATIONS

Long-term borrowings

Short-term borrowings December 31, 2016 December 31, 2015

(in millions of euros)

Interest-bearing advances from customers

-

-

-

96

Borrowings from lending institutions and commercial paper

1,250

815

2,065

894

Bond issues

-

-

-

5,974

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

-

6 9 1

6

91

Financial derivatives Miscellaneous debt*

99

108

235

2

2

55

TOTAL BORROWINGS

1,351

831

2,182

7,344

-

1

1

4

* Including finance lease obligations

At December 31, 2016, borrowings from lending institutions included:

(in millions of euros)

December 31, 2016

p bilateral lines of credit, all of them drawn, in the total outstanding amount of 795 million euros, repayable in 2017; p the draw on the syndicated line of credit in the amount of 1.250 billion euros maturing in January 2018. Borrowings by maturity, currency and type of interest rate:

Euro

2,178

US dollar

4

Yen

- -

Other

TOTAL

2,182

(in millions of euros)

December 31, 2016

Maturing in one year or less

831

(in millions of euros)

December 31, 2016

Maturing in 1-2 years Maturing in 2-3 years Maturing in 3-4 years Maturing in 4-5 years

1,252

- -

Fixed rate borrowings Floating rate borrowings

2

2,052 2,054

99

TOTAL

Maturing in more than 5 years

-

Other non-interest-bearing debt

20

TOTAL

2,182

Financial derivatives

108

TOTAL

2,182

The maturities of the group’s financial assets and borrowings at December 31, 2016 are presented in note 31.

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2016 AREVA REFERENCE DOCUMENT