Areva - Reference Document 2016

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

20.4.4.12.3. The change in other liabilities is mainly due to the revaluation of cash instruments at the closing rate and reflects the transfer of those instruments in the framework of the partial asset contribution.

20.4.4.12.1. Within the framework of the partial asset contribution, all of the bonds issued by AREVA SA were transferred to New AREVA Holding. 20.4.4.12.2. The change in loans and borrowings with credit institutions corresponds to the accrued interest on the syndicated line of credit and the bilateral lines of credit.

20.4.5. NOTES TO THE INCOME STATEMENT

20.4.5.1. CURRENT OPERATING INCOME Reported revenue includes:

p charges to provisions for investments in associates

-123,167 thousand euros (1)

p reversal of provisions for loans to associates

p the rebilling of a trademark fee and shared services to the subsidiaries in the total amount of 307,122 thousand euros; The trademark fee is due by all customer entities of the AREVA brand and associated activities. Three types of activities are concerned: ○ marketing and sales, ○ communications, ○ public affairs. By default, the fee is 0.9% of each relevant subsidiary’s contribution to consolidated revenue. Shared services are billed based on a catalogue of services; p the revenue from real estate operations in the amount of 35,277 thousand euros; p the rebilling of seconded personnel in the amount of 7,732 thousand euros. Operating expenses reflect holding company activities and services provided to subsidiaries. The operating loss came to 181,669 thousand euros.

-140,946 thousand euros (2) -304,231 thousand euros (3) -54,184 thousand euros (4)

p charges to provisions for financial risk p charges to provisions for current accounts p reversals of provisions for investments in associates p reversals of provisions for financial risk p net gain from disposals of securities

500,029 thousand euros (5) 125,347 thousand euros (6)

188 thousand euros

20.4.5.3. EXCEPTIONAL ITEMS Exceptional items amounting to 206,623 thousand euros correspond mainly to:

p net reversals of provisions related to the restructuring of the company’s Paris-area properties p net reversal of provisions for contingencies related to a prototype experimental reactor p scrapping of property, plant and equipment and intangible assets p reversal of a provision for the OL3 contract, not transferred from AREVA NP to AREVA SA

16,135 thousand euros

14,000 thousand euros

20.4.5.2. NET FINANCIAL INCOME Net financial income in the amount of -83,513 thousand euros mainly includes:

-3,187 thousand euros

p net income on non-trade accounts and loans to associates

180,000 thousand euros

115,191 thousand euros

p debt forgiveness for AREVA TA in connection with the RJH project

-14,000 thousand euros 3,136 thousand euros -197,672 thousand euros 9,104 thousand euros

p net charge on financial instruments

interest expenses on loans foreign exchange gain

p

p

(1) mainly AREVA Business Support. (2) mainly AREVA Énergies Renouvelables. (3) mainly AREVA NP and AREVA Énergies Renouvelables. (4) mainly AREVA Énergies Renouvelables. (5) mainly AREVA Mines. (6) mainly AREVA Business Support.

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2016 AREVA REFERENCE DOCUMENT