Annual Activity Report 2019 Summary

Total Page:16

File Type:pdf, Size:1020Kb

Annual Activity Report 2019 Summary Annual Activity Report 2019 Summary PROFILE DPEF Editorials 2 Business card 4 Business model 6 INFORMATION ON THE SHARE 6 CAPITAL 117 HIGHLIGHTS OF 6.1 Structure and evolution of the Company’s 1 THE FINANCIAL YEAR DPEF 9 sharecapital 118 1.1 Highlights of the financial year 10 6.2 Shareholding structure and voting rights 119 1.2 Other highlights of the financial year 10 MISCELLANEOUS INFORMATION 121 SITUATION AND ACTIVITIES 7 7.1 Statutory Auditors 122 2 OFǭTHE COMPANY AND 7.2 Review of regulated agreements ITS SUBSIDIARIES DURING andcommitments 123 THE PAST FINANCIAL YEAR DPEF 13 7.3 Injunctions or fines for anti-competitive 2.1 Simplified organization chart of the group– practices 124 subsidiaries, interests and branch offices 14 7.4 Observations of the Works Council 124 2.2 The group’s businesses 16 7.5 Information on payment terms 125 2.3 Research and Development activities 28 7.6 Information on loans granted to other 2.4 Financial situation of the Company companies covered by ArticlesL. 511-6 andgroup during the past financial year 29 and R.511-2-1-1-II of the French Monetary 2.5 Foreseeable developments and future and Financial Code 125 prospects 39 2.6 Significant events since the closing date 40 APPENDICES TO THE ANNUAL 8 ACTIVITY REPORT 127 RISKS AND SAFEGUARDS DPEF 41 8.1 Consolidated financial statements – 3 3.1 System of internal controls 42 financial year ended December31, 2019 128 3.2 Risk mapping process and risk management 45 8.2 Company financial statements – financialyearended December31, 2019 197 3.3 Risk factors 48 8.3 Statutory Auditors’ report on the 3.4 Corporate duty of care plan 59 consolidated financial statements for the financial year ended December31, 2019 221 8.4 Statutory Auditors’ report on the company SOCIAL, ENVIRONMENTAL financial statements for the financial year 4 ANDǭSOCIETAL COMMITMENTS DPEF 65 ended December31, 2019 227 4.1 Harnessing the skills of proud 8.5 Five-year financial summary 230 andcommitted teams 66 8.6 Subsidiaries and associates 231 4.2 An unwavering commitment to the 8.7 List of French companies controlled safetyof our operations and the limitation indirectly byOrano as at December31, 2019 232 ofourenvironmental footprint 73 8.8 Report of the Board of Directors 4.3 Being committed and acting responsibly ontheprinciples and criteria for within our ecosystem 78 determining, distributing and allocating the fixed, variable and exceptional components of the total compensation and benefits REPORT OF THE BOARD OF of any kind attributable to the corporate 5 DIRECTORS ON CORPORATE officers oftheCompany 234 GOVERNANCE 85 8.9 Cross-reference table of the data 5.1 Preparation and organization of the Board required inthestatement of non-financial ofDirectors’ work 86 performance (Articles L.225-102-1 5.2 Committees of the Board of Directors 102 andR.225-104 to R.225-105-2 of theFrench Commercial Code) and 5.3 Other committee 107 those required by the French corporate 5.4 Executive corporate officers 108 Duty of Care law (Article L.225-102-4 5.5 Compensation attributed to corporate offi cers 109 of the FrenchCommercial Code) 238 5.6 Reference Corporate Governance Code 114 8.10 Reporting methodology for the statement 5.7 General Meetings 115 ofnon-financial performance 239 5.8 Agreements referred to in ArticleL.225-37-4 8.11 Report by the independent third party on of the French Commercial Code 116 the statement of non-financial performance 241 5.9 Elements likely to have an impact in 8.12 Code of Ethics 244 theevent ofa public offer 116 8.13 Financial glossary 251 Elements of the Statement of non-financial performance are identified by the pictogram DPEF Annual Activity Report 2019 THIS ANNUAL ACTIVITY REPORT OF ORANO FOR 2019 INCLUDES: ● the management report of the Company’s Board of Directors including the management report of Orano, including: ● the group’s duty of care plan and the report on its implementation (ArticleL.225-102-4 of the French Commercial Code), ● the statement of non-fi nancial performance (ArticleL.225-102-1 of the French Commercial Code), A cross-reference table of the data required in the statement of non-financial performance and the data required by the French Duty of Care law is provided in Appendix8.9, ● the report of the Board of Directors on corporate governance (ArticleL.225-37 of the French Commercial Code); and ● the Board of Directors’ report on the principles and criteria for determining, distributing and allocating the fi xed, variable and exceptional components of the total compensation and benefi ts of any kind attributable to the corporate offi cers of the Company. The purpose of this report is to present the situation of Orano and its subsidiaries during the fi nancial year running from January1 to December31, 2019. The terms “group” or “Orano” refer to the group of companies formed by Orano and its subsidiaries and interests, both direct and indirect. A French law public limited company entitled to issue fi nancial securities admitted for trading on a regulated market, the Company is subject to the obligation to draw up a management report including the information stipulated by the French Commercial Code, as well as the specifi c information required of a company issuing debt instruments listed for trading on a regulated market. Orano - 2019 Annual Activity Report 1 Editorials “There will be renewables, that is a fact, and we will need nuclear power, that is an imperative.” “The challenge of climate change is so immense thatǾweǾcannot afford to exclude low-carbon technologies.” InǾa single sentence on February 12, 2020, Fatih Birol, theǾExecutive Director of the International Energy AgencyǾ(IEA), announced how to achieve the goal of carbon neutrality by 2050. he challenge is immense because it means no morenor lessthan converting 80% of energy used Tby the human race (nearlyeight billion of us) within 30 years, transitioning from fossil fuels to low-carbon energies. With the stakes so high, the time has run out for Philippe Varin opposing renewable energies and nuclear power. There willbe renewables, thatis a fact, and we will need nuclear Chairman of the Board ofDirectors power, that is animperative, for three reasons. Firstly, a developed society needs energy in general, andelectricity inparticular, 24 hours a day to produce goods, move around, and stay warm… So, we need power generation sources that are available ondemand. Nuclearpower meets that need. Secondly, in a world where the population is growing, protecting theclimate and resources (in particular raw materials) becomes akey issue. Here, too, nuclear power checks the box because itislow-carbon (40 times less carbon than natural gas and even fourtimes less than solar) and uses fewer raw materials (100 grams ofuranium produces as much energy as one metric tonofoil). Lastly, everyone on this planet aspires to development, forthemselves and their children. Is the negative growth advocated by some compatible with this aspiration? I don’tthink it is. Development can’t come from negative growth - but it can come from science, from industry, frominnovation. And it can come from nuclear power with, notably in France and especially at Orano, skilled jobs, long-term industrial basins in the regions, and experienced men and women inventing the technology of tomorrow and keeping our faith in the future. 2 Orano - 2019 Annual Activity Report PROFILE Editorials With sound results in 2019, Orano is confi rming that it is a major player in the nuclear industry. This industry contributes toǾlow-carbon power generation and has its part to play inǾtheǾfi ght against climate change. rano is a transformed and solid group, with more than 16,000employees across the world helping to “Orano contributes to Oproduce low-carbon power. In 2019, thanks to the commitment of those employees, we upheld high safety low-carbon power generation standards in our nuclear facilities while delivering improved economic results.. and plays its part inǾthe fi ght Consistent with our targets, against a background in which against climate change.” indicators on the uranium market, and especially the conversion and enrichment market, recovered, revenue was up again in 2019 to 3.8 billion euros (+3.7% like-for-like). Order intake amounted to 1.9billion euros. Spread across all of our operations and all regions (Europe, Americas andAsia), orders were renewed forshort-cycle service operations (transport, dismantling and engineering). Thebacklog represents more than eight years inrevenue. Additionally, the group generated +408 millioneuros innetincome, an increase of nearly 1 billioneuros on 2018. Thisperformance isaresult of positive operating profi t andagood return onassets earmarked for end-of- lifecycle operations. Onthestrength of these results, Orano was abletoreduce itsfi nancial debt. The beginning of 2020 has been shaken by the major health crisis of COVID-19, which continues to spread and has now reached all continents. It will have a major impact on the global economy. Against this backdrop, and in view of persistent uncertainties as to the scope and duration ofthis crisis, onMarch20, Orano has suspended the fi nancial targets it had reportedfor 2020: long-term positive net cash flow, an upward adjustment of its EBITDA margin, and continued growth in revenue. Inthis crisis, Orano’s top priority is the health and safety of its employees, while also maintaining its strategic operations for power generation, such as uranium conversion and enrichment, the production of fuel derived from recycled uranium, transport of nuclear materials, and support services for operation of the nuclear fleet and cycle plants. Thanks to its committed teams and a robust production plant - as well as suffi cient cash flow and secure funding sources, Orano has the strengths it needs to overcome this crisis, demonstrating the resilience of its model, and continuing to bring its customers solutions for climate and environmental protection and for economic development.
Recommended publications
  • Recueil Des Actes Administratifs De La Manche
    PREFET DE LA MANCHE RECUEIL DES ACTES ADMINISTRATIFS DE LA MANCHE DOCUMENTATION ET INFORMATIONS JANVIER 2020 Le contenu intégral des textes et/ou les documents et plans annexés peut être consulté auprès du service sous le timbre duquel la publication est réalisée et sur le site Internet de la préfecture : http://www.manche.gouv.fr Rubrique : Publications - Annonces et avis - Recueil des actes administratifs 2 SOMMAIRE CABINET DU PREFET ..................................................................................................................................................................................... 3 Arrêté n° 19-588 du 20 décembre 2019 portant attribution de la médaille d’honneur du Travail - Promotion du 01 janvier 2020 .................... 3 Arrêté n° 20-001 du 6 janvier 2020 modifiant l’arrêté préfectoral accordant la médaille d’honneur Agricole, promotion du 1er janvier 2020 ..................................................................................................................................................................................................... 14 Arrêté n° 20-002 du 6 janvier 2020 modifiant l’arrêté préfectoral portant attribution de la médaille d’honneur Régionale, Départementale et Communale, promotion du 1er janvier 2020 ...................................................................................................................... 14 SOUS-PREFECTURE DE CHERBOURG ......................................................................................................................................................
    [Show full text]
  • French Implementation Report of PARCOM Recommendation 91/4 on Radioactive Discharges
    French Implementation Report of PARCOM Recommendation 91/4 on radioactive discharges Radioactive Substances Series 2019 French Implementation Report of PARCOM Recommendation 91/4 on radioactive discharges EXECUTIVE SUMMARY INTRODUCTION PART I – GENERAL INFORMATION 1 The organization of nuclear safety and radiation protection control in France ...................... 8 1.1 State structures ................................................................................................................ 8 1.1.1 Parliament ............................................................................................................... 8 1.1.2 The Government ...................................................................................................... 9 1.1.3 Minister responsible for nuclear safety and radiation protection ........................... 9 1.1.4 High Committee for Transparency and Information on Nuclear Safety .................. 9 1.1.5 Prefects .................................................................................................................. 10 1.1.6 Nuclear Safety Authority (ASN) ............................................................................. 10 1.2 Technical support organizations .................................................................................... 11 1.2.1 Advisory Committees of Experts (GPEs) ................................................................ 11 2 The legislative and regulatory framework for applying the best available techniques in France 2.1 The legal system
    [Show full text]
  • Bilan De La Sûreté Nucléaire En 2018
    LES EXTRAITS RAPPORT DE L’ASN sur l’état de la sûreté nucléaire et de la radioprotection en France en 2018 L’Autorité de sûreté nucléaire présente son rapport sur l’état de la sûreté nucléaire et de la radioprotection en France en 2018. Ce rapport est prévu par l’article L. 592-31 du code de l’environnement. Il a été remis au Président de la République, au Premier ministre et aux Présidents du Sénat et de l’Assemblée nationale, et transmis à l’Office parlementaire d’évaluation des choix scientifiques et technologiques en application de l’article précité. SOMMAIRE Éditorial du collège 2 Éditorial du directeur général 6 Les appréciations de l’ASN par EN FRANCE 2018 ET DE LA RADIOPROTECTION exploitant et par domaine d’activité 8 Faits marquants 2018 14 Actualités réglementaires 22 – RAPPORT DE L’ASN SUR L’ÉTAT DE LA SÛRETÉ NUCLÉAIRE DE LA SÛRETÉ NUCLÉAIRE SUR L’ÉTAT DE L’ASN – RAPPORT Le panorama régional de la sûreté nucléaire et de la radioprotection 26 LES EXTRAITS i AVIS AU LECTEUR RETROUVEZ L’INTÉGRALITÉ DU RAPPORT DE L’ASN sur l’état de la sûreté nucléaire et de la radioprotection en France en 2018 sur asn.fr ÉDITORIAL DU COLLÈGE Anticipation, Maintien des marges de sûreté, Mobilisation de la filière nucléaire autour des compétences : Trois défis pour la sûreté nucléaire et la radioprotection en France Montrouge, le 21 mars 2019 a sûreté nucléaire et la radioprotection se sont glo‑ Enfin, un nombre trop important d’écarts sont encore balement maintenues à un niveau satisfaisant en constatés dans les travaux de grande ampleur lors des 2018.
    [Show full text]
  • Condensed Half-Yearly Consolidated Financial Statements Orano June
    Condensed Half-yearly Consolidated Financial Statements Orano June 30, 2020 Half-yearly financial statements Orano June 2020 1 CONSOLIDATED STATEMENT OF INCOME Note H1 2020 H1 2019 (in millions of euros) Revenue 1,782 1,654 Cost of sales (1,571) (1,335) Gross margin 211 318 Research and development expense (51) (47) Marketing and sales expense (17) (18) General expense 4 (52) (52) Other operating income 4 97 14 Other operating expense 4 (30) (37) Operating income 158 179 Share in net income of joint ventures and associates 12 5 7 Operating income after share in net income of joint 163 186 ventures and associates Financial income from cash and cash equivalents 11 11 Financial interest on debt (81) (128) Cost of net debt (70) (117) Other financial income 266 549 Other financial expense (542) (317) Other financial income and expense 6 (276) 232 Net financial income (expense) (346) 115 Income tax 7 (15) (24) Net income from continuing operations (198) 277 Net income for the period (198) 277 Net income attributable to owners of the parent (212) 259 Net income attributable to non-controlling interests 14 18 Half-yearly financial statements Orano June 2020 2 CONSOLIDATED COMPREHENSIVE INCOME H1 2020 H1 2019 (in millions of euros) Net income (198) 277 Items not recyclable to the statement of income 16 (63) Actuarial gains and losses on employee benefits 16 (60) Income tax related to non-recyclable items (1) 0 Share in other non-recyclable items from joint ventures and 1 (3) associates, net of tax Items recyclable to the statement of income (30)
    [Show full text]
  • CONSOLIDATED FINANCIAL STATEMENTS Orano December 31
    CONSOLIDATED FINANCIAL STATEMENTS Orano December 31, 2019 Consolidated statement of income December December (in millions of euros) Note 31, 2018 31, 2019 (*) (**) REVENUE 3,787 3,623 Cost of sales (2,991) (3,007) GROSS MARGIN 796 617 Research and development expenses (101) (97) Marketing and sales expenses (39) (38) General expenses (112) (103) Other operating income 5 107 344 Other operating expenses 5 (183) (206) OPERATING INCOME 468 517 Share in net income of joint ventures and associates 14 (19) (10) Operating income after share in net income of joint ventures and 449 506 associates Income from cash and cash equivalents 24 24 Gross borrowing costs (222) (176) Net borrowing costs 7 (198) (152) Other financial income 865 191 Other financial expenses (627) (1,017) Other financial income and expenses 7 238 (826) NET FINANCIAL INCOME 40 (978) Income tax 8 (36) (70) NET INCOME FOR THE PERIOD 452 (542) NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT 408 (544) NET INCOME ATTRIBUTABLE TO NON-CONTROLLING 44 2 INTERESTS (*) Application of IFRS 16 as of January 1, 2019 (see Note 1.3.1). (**) The comparative figures as of December 31, 2018 have been restated to take into account the change in the presentation of end-of-lifecycle operations (see Notes 1.3.1 and 36). Orano consolidated financial statements December 31, 2019 2 Comprehensive income December December (in millions of euros) Note 31, 2019 31, 2018 (*) Net income 452 (542) Other items not recyclable to the statement of income (57) 26 Actuarial gains and losses on employee benefits (54)
    [Show full text]
  • Over 60 Years Experience in the Nuclear Industry SOMMAIRE
    Over 60 years experience in the nuclear industry SOMMAIRE PRESENTATION P 3 Our Skills P 9 Engineering P 10 Stainless steel and alloys boilermaker P 11 Lead foundry and machining P 12 Plastic boilermaker P 13 Special Materials P 14 Research and Development P 16 Drop testing P 17 Site operations P 18 NUCELAR SYSTEM INTEGRATOR P 19 Hot Cells P 20 Gloveboxes P 25 Nuclear waste treatment P 32 Transfer casks and shielded bells P 39 Shield doors and gamma gates P 40 Docking Systems P 44 Lifting and handling equipment P 45 Decommissioning P 48 Neutron and gamma radiation shielding P 50 TRANSPORTATION AND STORAGE CASKS P 55 ROBATEL Industries 2 PRESENTATION From floating mills to steam engines, then to nuclear energy, the sense of the long term. - MICHEL ROBATEL - ROBATEL Industries 3 ROBATEL INDUSTRIES A little bit of history ROBATEL Industries 4 ROBATEL INDUSTRIES Key Figures French company established in 1830 Involved in the nuclear field since 1953 Family owned with a capital of 1,800,000 Euros Locations Genas (Headquarter) 12 rue de Genève CS 80011 69747 GENAS Cedex Tel. 04.72.22.10.10 Fax 04.78.90.23.79 [email protected] La Hague Z.I. de Digulleville CS 703 50440 DIGULLEVILLE Tel. 02.33.01.80.00 Fax 02.33.04.09.57 [email protected] Cadarache Zac du Pas de Menc 83560 VINON SUR VERDON Tel. 04.92.70.63.35 Fax 04.92.72.28.19 [email protected] WEBSITE www.robatel.fr ROBATEL Industries 5 ROBATEL INDUSTRIES Our certifications ISO 9001 / 2008 • Quality Management System for : Design, fabrication, installation, and maintenance of equipment for the nuclear industry and research.
    [Show full text]
  • PLAQUETTE-BLUE-2019-EN.Pdf
    TABLE OF CONTENTS INTRODUCTION P 3 Our Skills P 9 Engineering P 10 Stainless steel and alloys boilermaking P 11 Lead foundry and machining P 12 Plastic machining and assembly P 13 Special Materials P 14 Research and Development P 16 Drop testing P 17 Site operations P 18 NUCLEAR SYSTEM INTEGRATOR P 19 Hot Cells P 20 Gloveboxes P 25 Nuclear waste treatment P 32 Transfer casks and shielded bells P 39 Shield doors and gamma gates P 40 Docking Systems P 44 Lifting and handling equipment P 45 Decommissioning P 48 Neutron and gamma radiation shielding P 50 TRANSPORTATION AND STORAGE CASKS P 55 ROBATEL Industries 2 INTRODUCTION From floating mills to steam engines, then to nuclear energy, the sense of the long term. - MICHEL ROBATEL - ROBATEL Industries 3 ROBATEL INDUSTRIES A little bit of history ROBATEL Industries 4 ROBATEL INDUSTRIES Key Figures French company established in 1830 Involved in the nuclear field since 1953 Family owned with a capital of 1,800,000 Euros Locations Genas (Headquarter) 12 rue de Genève CS 80011 69747 GENAS Cedex Tel. 04.72.22.10.10 Fax 04.78.90.23.79 [email protected] La Hague Z.I. de Digulleville CS 703 50440 DIGULLEVILLE Tel. 02.33.01.80.00 Fax 02.33.04.09.57 [email protected] Cadarache Zac du Pas de Menc 83560 VINON SUR VERDON Tel. 04.92.70.63.35 Fax 04.92.72.28.19 [email protected] WEBSITE www.robatel.fr ROBATEL Industries 5 ROBATEL TECHNOLOGIES, LLC Established in 2009 Subsidiary of ROBATEL SA In charge of the group development in the North American market Mechanical and nuclear engineering Location ROBATEL Technologies, LLC 5115 Bernard Drive, Suite 304 Roanoke, VA 24018 Tel.: 001 540 989 2878 [email protected] WEBSITE ROBATEL technologies, LLC www.robateltech.com Roanoke ROBATEL RT100 cask Industries 6 ROBATEL INDUSTRIES Our certifications ISO 9001 / 2008 • Quality Management System for : Design, fabrication, installation, and maintenance of equipment for the nuclear industry and research.
    [Show full text]
  • Condensed Half-Yearly Consolidated Financial Statements Orano June
    Condensed Half-yearly Consolidated Financial Statements Orano June 30, 2021 Orano half-year consolidated financial statements June 2021 1 CONSOLIDATED STATEMENT OF INCOME Notes H1 2021 H1 2020 (in millions of euros) REVENUE 1,883 1,782 Cost of sales (1,557) (1,571) GROSS MARGIN 327 211 Research and development expense (48) (51) Marketing and sales expense (18) (17) General expense (57) (52) Other operating income 4 37 97 Other operating expense 4 (43) (30) OPERATING INCOME 198 158 Share in net income of joint ventures and associates 12 5 5 Operating income after share in net income of joint 203 163 ventures and associates Financial income from cash and cash equivalents 4 11 Financial interest on debt (74) (81) Cost of net debt (69) (70) Other financial income 564 266 Other financial expense (319) (542) Other financial income and expense 6 245 (276) NET FINANCIAL INCOME (EXPENSE) 176 (346) Income tax 7 (29) (15) NET INCOME FOR THE PERIOD 350 (198) NET INCOME ATTRIBUTABLE TO OWNERS OF THE 316 (212) PARENT NET INCOME ATTRIBUTABLE TO NON-CONTROLLING 34 14 INTERESTS Orano half-year consolidated financial statements June 2021 2 CONSOLIDATED COMPREHENSIVE INCOME H1 2021 H1 2020 (in millions of euros) NET INCOME 350 (198) Other items not recyclable to the statement of income 45 16 Actuarial gains and losses on employee benefits 40 16 Income tax related to non-recyclable items (1) (1) Share in other non-recyclable items from joint ventures and 5 1 associates, net of tax Other items recyclable to the statement of income 3 (30) Currency translation
    [Show full text]
  • Annual Activity Report*
    Orano Annual Activity Report* Period September 1 - December 31, 2017 * Including: - the management report of the Company’s Board of Directors including the management report of Orano, including: o the group’s vigilance plan and the report on its implementation (Article L. 225-102-4 of the French Commercial Code), o the statement of non-financial performance (Article L. 225-102-1 of the French Commercial Code), o the report of the Board of Directors on corporate governance (Article L. 225-37 of the French Commercial Code); and - the Board of Directors’ report on the principles and criteria for determining, distributing and allocating the fixed, variable and exceptional components of the total compensation and benefits of any kind attributable to the officers of the Company (Article L. 225-37-2 of the French Commercial Code). This free translation into English of the "Rapport Annuel d’Activité – Exercice 1er septembre – 31 décembre 2017” written in French is provided solely for the convenience of English speaking users. In the event of any inconsistency or difference of interpretation, the French version shall prevail. Orano | Annual Activity Report – Period ended December 31, 2017 1/122 CONTENTS 1 HIGHLIGHTS OF THE YEAR ................................................................................................................................. 4 1.1 Restructuring of the AREVA group and creation of the Company ...................................................................................... 4 1.2 Other highlights of the year ................................................................................................................................................
    [Show full text]
  • Annual Activity Report 2018 Summary
    Annual Activity Report 2018 Summary PROFILE SNFP INFORMATION ONǭTHEǭSHARE E ditorials 2 6 CAPITAL 103 Business card 4 6.1 Structure and evolution ofǾtheǾCompany’s Business model 6 share capital 104 6.2 Allocation of capital andǾvotingǾrights 105 MISCELLANEOUS INFORMATION 107 HIGHLIGHTS OF THE YEAR 9 7 7.1 Statutory Auditors 108 1 1.1 Highlights of the year 10 7.2 Review of regulated agreements 1.2 Other highlights of the year 11 andǾcommitments 109 7.3 Injunctions and fi nes forǾanti-competitive practices 111 SITUATION AND ACTIVITIES 7.4 Observations of the Works Council 111 2 OF THE COMPANY AND ITSǭSUBSIDIARIES DURING THE 7.5 Payment terms 112 7.6 Information on loans granted to other PAST YEAR SNFP 13 companies covered byǾarticlesǾ 2.1 Simplifi ed organization chart of the group – L.Ǿ511-6 andǾR. 511-2-1-1-II ofǾtheǾFrench Subsidiaries, interests and branch offi ces 14 Monetary andǾFinancial Code 112 2.2 The group’s businesses 16 2.3 Research and Development activities 28 2.4 Financial position of the Company and the APPENDICES TO THE ANNUAL group during the past year 29 8 ACTIVITY REPORT 113 2.5 Foreseeable developments and future 8.1 Consolidated fi nancial statements – prospects 39 YearǾendedǾDecemberǾ31, 2018 114 2.6 Signifi cant events since the date of closing 40 8.2 Company fi nancial statements – Year ended DecemberǾ31, 2018 187 8.3 Statutory Auditors’ report on the RISKS AND SAFEGUARDS SNFP 41 consolidated fi nancial statements for the 3 3.1 Risk mapping and risk management year ended DecemberǾ31, 2018 209 processes 42 8.4 Statutory
    [Show full text]
  • Conference Programme*
    European Research Reactor Conference 2020, Online, 12-15 October 2020 * Conference Programme Monday 12 October 1PM – 2PM CET – Welcome Reception & Time to visit our exhibitors Meet & Greet and see who else is there. This session is an occasion for everybody to test the systems and make sure the connection, camera and microphone work. 2PM – 3PM CET – Poster Session Tuesday 13 October Plenary Sessions - Proliferation Resistance Optimization (1PM – 2.30 PM CET) Keynote speech by Jessica Halse, Assistant Deputy Administrator, U.S. National Nuclear Security Administration Assistant Deputy Administrator Jessica Halse will give a welcome from the U.S. National Nuclear Security Administration. She will highlight the ways in which her team is rising to the challenges of COVID-19, present new initiatives in Proliferation Resistance, and the ways NNSA's Material Management and Minimization office is adapting to be a leader in nuclear nonproliferation for years to come. Interview Brian Boyer, IAEA (tbc) INPRO Methodology Focusing on Proliferation Resistance as an Issue for the Lifecycle and Use of Research Reactors International Project on Innovative Nuclear Reactors and Fuel Cycles (INPRO) looks at six areas of assessment. Economics area looks at competitiveness against alternatives available * As the organization of the conference is ongoing, the programme could be subject to further modifications European Research Reactor Conference 2020, Online, 12-15 October 2020 (in the country). Waste management looks at managing waste so that humans and environment are protected and undue burdens on future generations are avoided. Infrastructure looks adequate infrastructure and effort to create / maintain it. Environment looks at the impact of stressors must stay within performance envelope of current NES.
    [Show full text]
  • Visualisez Ce Document Au Format
    LISTE DES SITES Inventaire national 20 des matières et déchets radioactifs 18 ÉTABLISSEMENT SITE DÉPARTEMENT COMMUNE IONISOS INSTALLATION D'IONISATION DE DAGNEUX AIN (01) DAGNEUX CERN SITE DE PREVESSIN-MOENS AIN (01) PREVESSIN-MOENS EDF BUGEY - CNPE AIN (01) SAINT-VULBAS EDF BUGEY - EN DECONSTRUCTION AIN (01) SAINT-VULBAS EDF BUGEY - ICEDA AIN (01) SAINT-VULBAS EDF CRUAS - CNPE ARDECHE (07) CRUAS EDF CHOOZ - CNPE ARDENNES (08) CHOOZ EDF CHOOZ - EN DECONSTUCTION ARDENNES (08) CHOOZ ANDRA CENTRES DE STOCKAGE EN EXPLOITATION SOULAINES-DHUYS - CSA AUBE (10) EPOTHEMONT DAHER MEI AUBE (10) EPOTHEMONT ANDRA CENTRES DE STOCKAGE EN EXPLOITATION MORVILLIERS - CIRES AUBE (10) MORVILLIERS EDF NOGENT-SUR-SEINE - CNPE AUBE (10) NOGENT-SUR-SEINE ORANO / ORANO CYCLE MALVESI (USINE) AUDE (11) NARBONNE ORANO / ORANO CYCLE MALVESI (BASSINS) AUDE (11) NARBONNE ORANO / ORANO MINING BERTHOLENE - MINE AVEYRON (12) BERTHOLENE ARMEE DE L'AIR BA 125 D'ISTRES BOUCHES-DU-RHONE (13) ISTRES IMMUNOTECH S.A. - A. BECKMAN COULTER COMPANY DEPARTEMENT RADIO-IMMUNOLOGIE BOUCHES-DU-RHONE (13) MARSEILLE SYNERGY HEALTH INSTALLATION D'IONISATION GAMMASTER BOUCHES-DU-RHONE (13) MARSEILLE CEA CIVIL CENTRE DE CADARACHE BOUCHES-DU-RHONE (13) SAINT-PAUL-LES-DURANCE CEA CIVIL INBS PROPULSION NAVALE BOUCHES-DU-RHONE (13) SAINT-PAUL-LES-DURANCE ITER SITE DE CADARACHE BOUCHES-DU-RHONE (13) SAINT-PAUL-LES-DURANCE IN2P3 GANIL CAEN CALVADOS (14) CAEN RHODIA LA ROCHELLE (USINE CHEF DE BAIE) CHARENTE-MARITIME (17) LA ROCHELLE ARMEE DE L'AIR BA 702 AVORD CHER (18) AVORD EDF BELLEVILLE - CNPE
    [Show full text]