Areva - Reference Document 2016

20

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

20.4.4.11.1. Bond issues In the framework of the partial asset contribution, all of the bonds issued by AREVA SA were transferred to New AREVA Holding, with the exception of the 2016 bond, which was redeemed by AREVA SA on September 23, 2016. 20.4.4.11.2. Bank borrowings Loans and borrowings came to 2,064,687 thousand euros at December 31, 2016, mainly including: p a syndicated line of credit for 1,262,944 thousand euros, including 12,944 thousand euros of accrued interest, maturing on January 16, 2018; p bilateral lines of credit for 800,696 thousandeuros, including5,696 thousandeuros of accrued interest, redeemable in 2017. In early February 2017, AREVA SA secured and accepted a commitment from its banking partners for “senior secured” interim financing of 300 million euros, expected to be signed in the near future and which will mature on January 8, 2018. Draws on this financing will be conditioned on the French State’s subscription to the AREVA SA and New AREVA Holding capital increases. In addition to the standard default and early redemption clauses in the event of predefined events, a default clause is provided in the event that certain contractual risks associated with AREVA SA’s operations were to materialize above a certain threshold. p bank account credit balances of 1,047 thousand euros;

Furthermore, AREVA SA secured the necessary consent from the lenders of the syndicated credit of 1,250 billion euros, to have a maturity date of January 16, 2018, to proceed with the New AREVA Holding capital increase and authorizing de facto the loss of its control. In return for this consent, the lenders of that facility receive better terms, including an additional security and early redemption clauses, in particular as regards the income from the sale of AREVA NP. 20.4.4.11.3. Miscellaneous loans and borrowings At December 31, 2016, this item amounted to 2,047,307 thousand euros, corresponding mainly to non-trade current liabilities. The companies concerned at December 31, 2016 were mainly:

New AREVA Holding

1,298,750 thousand euros 508,686 thousand euros 138,240 thousand euros 30,386 thousand euros 13,038 thousand euros 12,389 thousand euros

p

AREVA TA

p

AREVA GmbH Intercontrole

p

p

FBFC International AREVA NP Canada

p

p

20.4.4.11.4 Unearned income

June 30, 2016

December 31, 2015

Unearned financial income Unearned operating income

66,977

715 715

1,411

TOTAL

68,388

Within the framework of the partial asset contribution, unearned income relating to the bond debt was transferred to New AREVA Holding.

20.4.4.12. ACCRUED EXPENSES

(in thousands of euros)

Note

2016

2015

Borrowings Convertible bond issues Other bond issues

20.4.4.12.1. 20.4.4.12.2.

81,414

Bank borrowings

18,640

88

Miscellaneous loans and borrowings

1

TOTAL BORROWINGS

18,640

81,503

Other liabilities Trade accounts payable and related accounts

77,626

73,978

Taxes and employee-related liabilities

1,871

6,522

Accounts payable on non-current assets and related accounts

334

Other liabilities

20.4.4.12.3.

72,328

294,734 375,568 457,071

TOTAL OTHER LIABILITIES TOTAL ACCRUED EXPENSES

151,825 170,466

288

2016 AREVA REFERENCE DOCUMENT