Areva - Reference Document 2016

20

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

Net carrying amount of defined benefit obligations

(in thousands of euros)

2016

2015

2015

Defined benefit obligation Fair value of plan assets Unrecognized actuarial losses Unrecognized past service gains

69

3,753

3,772

106

-1,157

-1,566

-17

-315

-349

TOTAL DEFINED BENEFIT OBLIGATION

158

2,281

1,857

Change in the provision

(in thousands of euros)

2016

2015

2014

Change in the provision: Restated opening balance

2,281 -2,498

1,857

2,700 -1,134

Mergers and acquisitions/Transfers (1)

Total expense

374

426

293

Contributions collected/benefits paid

-2

-2

BENEFIT OBLIGATION AT DECEMBER 31

158

2,281

1,857

(1) Change in liabilities due to outgoing transfers to AREVA Business Support.

Total expense for the year

(in thousands of euros)

2016

2015

2014

Current service cost

184

198

172 108

Interest cost

84

73

Expected return on plan assets Amortization of actuarial gains or losses

34 72

34

4 9

Past service cost

121

Plan creation, curtailment or liquidation TOTAL EXPENSE FOR THE YEAR

374

426

293

20.4.6.3. INFORMATION ON LEASE ARRANGEMENTS Finance lease contracts carried by Euriware were taken over by AREVA SA on April 30, 2014.

Accrued fees

Fees paid

Residual purchase price

1 year to 5 years

Total to be paid

Balance sheet account

for the year

cumulative

up to 1 year

> 5 years

Computer equipment

3,517 3,517

15,805 15,805

1,248 1,248

44 44

- -

1,292 1,292

- -

TOTAL

20.4.6.4. COMPANY EXPOSURE TO MARKET RISK

In the Finance department, the Financial Operations and Treasury Management Department (DOFT) makes transactions on financial markets and acts as a central desk that provides services and manages AREVA SA’s financial exposure. This department is organized with a front, middle and back office and accounting, ensuring the separation of functions, and has all the human, technical, and information system resources necessary to accomplish its mission. Transactions handled by DOFT cover foreign exchange and commodities trading, interest rates, centralized cash management, internal and external financing, borrowings and investments, and asset management.

General objectives AREVA SA has an organization dedicated to implementingmarket riskmanagement policies approved by the Executive Committee for centralized management of exposure to foreign exchange, commodity, rate and liquidity risks.

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2016 AREVA REFERENCE DOCUMENT