Areva - Reference Document 2016

20

20.4 Notes to the annual financial statements FINANCIAL INFORMATION CONCERNING ASSETS, FINANCIAL POSITION AND FINANCIAL PERFORMANCE

20.4.4.3.1. The “Associates” line totaling 6,043,978 thousand euros and primarily comprises the following securities:

AREVA Solar PTY Limited

65,074 thousand euros (94,939 thousand AUD) 42,017 thousand euros

p

p AREVA Stockage d’Énergie

AREVA NP

5,092,280 thousand euros 693,820 thousand euros 155,003 thousand euros 96,520 thousand euros

The principal changes in the “loans to associates” line consists of:

p

New AREVA Holding

p Partial asset contribution transactions transferring to New AREVA Holding 3,677,531 thousand euros of receivables; p Repayments received by AREVA Inc during the year in the amount of 454,747 thousand euros; p Repayments received by AREVA Solar Inc during the year in the amount of 111,292 thousand euros; p Repayments received by SET during the year in the amount of 88,762 thousand euros; p The increase in loans granted to AREVA Energies Renouvelables in the amount of 130,000 thousand euros. 20.4.4.3.3. “Other long-term investments” include: p Security deposits related to commercial leases for theAREVATower inCourbevoie in the amount of approximately 2,582 thousand euros at December 31, 2016; p Treasury shares bought back from the Framépargne fund in connection with a liquidity contract in the amount of 9,937 thousand euros; p The liquidity contact with Natixis in the amount of 167 thousand euros, with purchases and sales of these shares constituting the principal changes in this item. AREVA SA’s membership in the European Liability Insurance for the Nuclear Industry (Elini) mutual insurance company and itsmembership in the BlueREmutual insurance company were transferred to New AREVA Holding.

p

p AREVA Énergies Renouvelables

AREVA TA

p

The principal changes in the “Associates” line consists of:

p Partial asset contribution transactions which increase the value of New AREVA Holding’s investments in associates by 442,280 thousand euros (including the acquisition of AREVA Nuclear Materials shares in the amount of 358,391 thousand euros); p The merger between AREVA TA and CEDEC transferring the value of CEDEC shares for the interest in AREVA TA in the amount of 33,466 thousand euros; p The subscription to the capital increase of AREVA Business Support in the amount of 122,000 thousand euros; p The subscription to the capital increase of AREVA TA in the amount of 49,000 thousand euros. 20.4.4.3.2. The “loans to associates” line in the amount of 1,330,551 thousand euros concerns medium-term loans granted to companies of the group, including accrued interest (see note 4.6). At December 31, 2016, these companies were mainly:

p AREVA Énergies Renouvelables

576,308 thousand euros 536,108 thousand euros (565,111 thousand USD) 110 501 thousand euros

AREVA Inc.

p

Atmea

p

20.4.4.4. WRITE-DOWNS OF LONG-TERM INVESTMENTS

Write-downs (in thousands of euros)

Partial asset contribution

Note

2015

Increase

Decrease

2016

Associates

20.4.4.4.1 20.4.4.4.2

6,155,573

-529,128 -114,093

123,167 140,946

500,029

5,249,584

Loans to associates

549,455

576,308

Investment portfolio Other long-term securities Loans Other long-term investments:

59

59

1 Receivables related to end-of-lifecycle operations 1 End-of-lifecycle assets - Third party share

Other long-term investments

20.4.4.4.3

5,921

6,753

5,921

6,753

1

TOTAL LONG-TERM INVESTMENTS

6,711,008

-643,221

270,866

505,950

5,832,703

20.4.4.4.1. In view of the accounting rules and methods (see 2.2.), charges to provisions for shares in associates correspond to write-downs of the shares as follows:

Reversals correspond to provisions on the shares:

AREVA Mines

499,000 thousand euros;

p

p 1,029 thousand euros. In connection with the partial asset contribution transactions made at carrying amount, the balance of provisions on investments in associates, mainly concerning the shares of AREVA Mines, AREVA Business Support and AREVADelfi, were transferred to New AREVA Holding. Cilas

AREVA Business Support

122,000 thousand euros

p

AREVADelfi

922 thousand euros

p

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2016 AREVA REFERENCE DOCUMENT