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

NOTE 37. TRANSITION OF 2015 FINANCIAL STATEMENTS AS REPORTED TO RESTATED 2015 FINANCIAL STATEMENTS

This note recapitulates the main impacts of the adoption of IFRS 5 on the financial statements for the period ended December 31, 2015.

RECONCILIATION OF STATEMENT OF INCOME AS REPORTED TO RESTATED STATEMENT OF INCOME

IFRS 5 adjustments

(in millions of euros)

2015 reported

2015 restated

REVENUE

4,199

(4,166)

33

Other income from operations

5

(4)

0

Cost of sales Gross margin

(4,492)

3,542 (629)

(950) (917)

(288) (112)

Research and development expenses

99 48 77

(13)

Marketing and sales expenses

(52)

(3)

General and administrative expenses

(165) (863)

(88)

Other operating expenses Other operating income OPERATING INCOME

589 (83) 100

(274)

91

8

(1,388)

(1,287)

Share in net income of joint ventures and associates

(21)

(6)

(26)

OPERATING INCOME AFTER SHARE IN NET INCOME OF JOINT VENTURES AND ASSOCIATES

(1,409)

95 67

(1,314)

Income from cash and cash equivalents

20

87

Gross borrowing costs Net borrowing costs Other financial expenses Other financial income

(205) (185) (477) (129) (313) (124) 348

137 204 400

(68)

19

(77)

(336)

12

Other financial income and expenses

63

(65) (46)

NET FINANCIAL INCOME

267 217 580

Income tax

93

NET INCOME FROM CONTINUING OPERATIONS

(1,846)

(1,267)

Net income after tax from operations sold, discontinued or held for sale

(190)

(580)

(770)

NET INCOME FOR THE PERIOD Including: Group: Net income from continuing operations

(2,036)

-

(2,036)

(1,853)

586

(1,267)

Net income from operations sold, discontinued or held for sale NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT

(185)

(586)

(771)

(2,038)

-

(2,038)

Minority interests: Net income from continuing operations

7

(7)

0 2 2

Net income from operations sold, discontinued or held for sale NET INCOME ATTRIBUTABLE TO MINORITY INTERESTS

(5)

7

2

-

Number of shares outstanding

383,204,852 383,204,852

383,204,852 383,204,852

Average number of shares outstanding Average number of treasury shares

908,871

908,871

Average number of shares outstanding, excluding treasury shares

382,295,981

382,295,981

Earnings per share from continuing operations

(4.85) (5.33) (5.33)

(3.31) (5.33) (5.33)

Basic earnings per share Diluted earnings per share

266

2016 AREVA REFERENCE DOCUMENT