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Estimated financial data for 2014

Press release

GROUP / FINANCE

February 23, 2015

In view of the financial information recently appearing in the media, AREVA wishes to make clear that the 2014 financial statements will not be approved by the Board of Directors until March 3, 2015.

The Audit and Ethics Committee met on February 18, 2015 and took cognizance of unaudited preliminary financial information. The Committee's work continues, and it will meet again on March 2, 2015.

The unaudited preliminary financial information examined on February 18, 2015 by the Audit and Ethics Committee shows a negative net consolidated income attributable to owners of the parent around -4.9 billion euros at December 31,2014 (versus -0.5 billion euros at December 31, 2013), due among others to:

  • impairment in respect of certain current and non-current assets (including deferred tax assets and the Comurhex II conversion plant project);
  • provisions for losses at completion and risks on reactor construction or modernization projects (including the Olkiluoto 3 EPR project and the research reactor construction project) and on renewable energies contracts;
  • provisions linked to changes in the application of regulations related to end-of-lifecycle obligations.

As a reminder, the group is working on developing a competitiveness plan and a strategic and financial roadmap which will be the subject of a specific update on March 4 during the presentation of the annual results.

 

 

 

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