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

Continuing operations At December 31, 2016, the following financial instruments were used to hedge interest rate exposure:

Notional amounts by maturity date at December 31, 2016

Market value

(in millions of euros)

Total

2017 2018 2019 2020 2021 > 5 years

Interest rate swaps – variable lender – EUR USD variable borrower

389 389

389 389

(11) (11)

GRAND TOTAL

0

0

0

0

At December 31, 2016, the group used the following derivatives to hedge interest rate exposure:

Market value of contracts (1)

Not formally documented (Trading)

Nominal amount of contract

Cash flow hedges (CFH)

Fair value hedges (FVH)

Rate instruments (in millions of euros)

Total

Interest rate swaps – variable lender – EUR USD variable borrower

389 389

(11) (11)

(11) (11)

TOTAL

0

0

(1) Gain/(loss).

The following tables summarize the group’s net rate risk exposure, before and after rate management transactions, at the end of 2016 and 2015.

Maturities of the group’s financial assets and borrowings at December 31, 2016

Less than one year

1 year to 2 years

2 years to 3 years

3 years to 4 years

4 years to 5 years

More than 5 years

(in millions of euros)

Total

Financial assets

799

0

0

0

0

0

799

including fixed rate assets including floating rate assets

0

0

828 (30)

828 (30)

including non-interest-bearing assets

Borrowings

(831)

(1,251)

(0) (0)

0

(99)

(0) (0)

(2,182)

including fixed rate borrowings including floating rate borrowings including non-interest-bearing borrowings Net exposure before hedging share exposed to fixed rates share exposed to floating rates Off-balance sheet hedging on borrowings: fixed rate swaps on borrowings: floating rate swaps Net exposure after hedging non-interest-bearing share share exposed to fixed rates share exposed to floating rates non-interest-bearing share

(1)

(0)

(2)

(801)

(1,251)

(2,052)

(29) (32)

(99) (99)

(128)

(1,251)

(0) (0)

0 0 0 0

(0) (0)

(1,383)

(1) 27

(0)

0 0

(2)

(1,251)

0 0

0 0

(1,224)

(58)

0

(99)

(157)

(32)

(1,251)

(0) (0)

0 0 0 0

(99)

(0) (0)

(1,383)

(1) 27

(0)

0 0

(2)

(1,251)

0 0

0 0

(1,224)

(58)

0

(99)

(157)

251

2016 AREVA REFERENCE DOCUMENT