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

Maturities of the group’s financial assets and borrowings at December 31, 2015

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

1,010

3

1

41

32

45

1,133

including fixed rate assets including floating rate assets

0

0

972

972 161

including non-interest-bearing assets

39

3

1

41

32

45

Borrowings

(1,439) (1,036)

(879) (869)

(122) (122)

(818) (818)

(613) (613)

(3,473) (2,997)

(7,344) (6,456)

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 share exposed to fixed rates share exposed to floating rates non-interest-bearing share non-interest-bearing share

(266)

(10)

0

0

0

(255)

(530)

(138) (429)

(221)

(359)

(875) (869)

(122) (122)

(777) (818)

(581) (613)

(3,427) (2,997)

(6,211) (6,456)

(1,036)

706 (99)

(10)

0 1

0

0

(255) (175)

442

3

41

32

(197)

180

61

155

532

729

1,657

(180) (429) (855)

(61)

(155) (777) (664) (155)

(532) (581)

(729)

(1,657) (6,211) (4,799) (1,215)

(875) (869)

(122)

(3,427) (2,269)

(61) (61)

(81)

526 (99)

(10)

(532)

(983) (175)

3

1

41

32

(197)

Based on the group’s exposure at December 31, 2016, a 1% increase in interest rates would have an impact on borrowing costs on a full-year basis estimated at -12 million euros and, therefore, on the group’s consolidated income before tax. That impact was -12 million euros at year end 2015.

Operations held for sale At December 31, 2016, the following financial instruments were used to hedge NewCo’s 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 Fixed borrower – EUR Interest rate swaps – variable lender – EUR EUR variable borrower Interest rate swaps – fixed lender – EUR EUR variable borrower Interest rate swaps – JPY fixed lender EUR variable borrower Inflation rate swaps – variable lender – USD USD fixed lender CAD variable borrower

175

175

(6)

75

75

(1) (1)

381

63

317

550

50

150

150

200

43

65

65

0

166

166 316

(38)

GRAND TOTAL

1,411

63

65

367

150

450

(1)

252

2016 AREVA REFERENCE DOCUMENT