Areva - Reference Document 2016

20

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

20.4.5.4. INCOME TAX In accordance with the provisions of article 223A of the French Tax Code, AREVA SA opted to be solely responsible for income tax due on the comprehensive income of the consolidated group. In 2016, AREVA SA and its consolidated subsidiaries generated a comprehensive loss of 302,127 thousand euros. The tax income recognized for 2016 came to 128,268 thousand euros.

It is broken down as follows:

p Tax savings generated by tax consolidation p Income tax on earnings from all previous financial years

127,777 thousand euros

-824 thousand euros 1,316 thousand euros

Tax credits

p

20.4.6. ADDITIONAL INFORMATION

20.4.6.1. WORKFORCE The company employed 1 person at December 31, 2016, as indicated in the following table:

2016

2015

2014

Management personnel

1 0 0 1

23

29

Supervisors Support staff

0 0

0 0

TOTAL

23

29

At July 1, 2016, the majority of AREVA SA’s employees had been transferred to AREVA Business Support.

20.4.6.2. PENSIONS AND OTHER EMPLOYEE BENEFITS AREVA SA pays retirement bonuses to its retiring employees based on their compensation and seniority. This defined benefit plan is recognized in accordance with the accounting principles defined in note 2.9. Each year, independent actuaries determine AREVA’s commitments at year end.

Balance sheet reconciliation (in thousands of euros)

2016

2015

2014

TOTAL PROVISIONS FOR PENSION OBLIGATIONS AND OTHER EMPLOYEE BENEFITS

158

2,281

1,857

Key actuarial assumptions used for valuation purposes

2016

2015

2014

Inflation

1.50% 1.50%

1.60% 2.15%

1.60% 1.85%

Discount rate

p Mortality tables used: INSEE 2000-2002 Men/Women

p Assumed rate of salary increase, net of inflation

p Retirement age: 65 for management personnel, 62 for non-management personnel

Average attrition

p

Management personnel

Non-management personnel

Management personnel

Non-management personnel

< 30 years

1.00% 0.50% 0.00% -0.30% -0.50%

1.00% 0.50% 0.00% -0.30% -0.50%

< 30 years

1.60% 1.60% 1.60% 1.60% 0.00%

1.60% 1.60% 1.60% 1.60% 0.00%

30-39 40-49 50-54

30-39 40-49 50-54

55 and above

55 and above

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2016 AREVA REFERENCE DOCUMENT