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Parent Company | 12 Months Ended
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Dec. 31, 2017
Text block1 [abstract] |
Parent Company | NOTE 30—PARENT COMPANY Statement of Financial Position of Constellium N.V. (parent company only)
(in millions of Euros) |  | At December 31, 2017 |  |  | At December 31, 2016 |
Assets |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | — |  |  |  | — |
Trade receivables and other |  |  | 53 |  |  |  | 233 |
Other financial assets |  |  | 28 |  |  |  | 33 |
|  |  | 81 |  |  |  | 266 |
Non-current assets |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | — |  |  |  | — |
Financial assets |  |  | 2,143 |  |  |  | 1,508 |
Investments in subsidiaries |  |  | 131 |  |  |  | 111 |
|  |  | 2,274 |  |  |  | 1,619 |
Total Assets |  |  | 2,355 |  |  |  | 1,885 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Trade payables and other |  |  | 6 |  |  |  | 3 |
Other financial liabilities |  |  | 22 |  |  |  | 35 |
|  |  | 28 |  |  |  | 38 |
Non-current liabilities |  |  |  |  |  |  |  |
Borrowings |  |  | 1,957 |  |  |  | 1,673 |
|  |  | 1,957 |  |  |  | 1,673 |
Total Liabilities |  |  | 1,985 |  |  |  | 1,711 |
Equity |  |  |  |  |  |  |  |
Share capital |  |  | 3 |  |  |  | 2 |
Share premium |  |  | 429 |  |  |  | 171 |
Accumulated retained earnings |  |  | (17 | ) |  |  | (11 | )
Other reserves |  |  | 25 |  |  |  | 18 |
Net (loss) for the year |  |  | (70 | ) |  |  | (6 | )
Total Equity |  |  | 370 |  |  |  | 174 |
Total Equity and Liabilities |  |  | 2,355 |  |  |  | 1,885 |
Statement of Comprehensive Income / (Loss) of Constellium N.V. (parent company only)
(in millions of Euros) |  | Year ended December 31, 2017 |  |  | Year ended December 31, 2016 |  |  | Year ended December 31, 2015 |
Revenue |  |  | 1 |  |  |  | 1 |  |  |  | — |
Gross profit |  |  | 1 |  |  |  | 1 |  |  |  | — |
Selling and administrative expenses |  |  | (5 | ) |  |  | (8 | ) |  |  | (7 | )
Employee benefit expenses |  |  | (1 | ) |  |  | — |  |  |  | — |
Loss from recurring operations |  |  | (5 | ) |  |  | (7 | ) |  |  | (7 | )
Other income |  |  | — |  |  |  | — |  |  |  | 1 |
Other expenses |  |  | — |  |  |  | — |  |  |  | (3 | )
Loss from operations |  |  | (5 | ) |  |  | (7 | ) |  |  | (9 | )
Financial result—net |  |  | (65 | ) |  |  | 1 |  |  |  | 9 |
Loss before income tax |  |  | (70 | ) |  |  | (6 | ) |  |  | — |
Income tax |  |  | — |  |  |  | — |  |  |  | — |
Net loss |  |  | (70 | ) |  |  | (6 | ) |  |  | — |
Other comprehensive income |  |  | — |  |  |  | — |  |  |  | — |
Total comprehensive loss |  |  | (70 | ) |  |  | (6 | ) |  |  | — |
Statement of Cash Flows of Constellium N.V. (parent company only)
(in millions of Euros) |  | Year ended December 31, 2017 |  |  | Year ended December 31, 2016 |  |  | Year ended December 31, 2015 |
Net loss |  |  | (70 | ) |  |  | (6 | ) |  |  | — |
Adjustments |  |  |  |  |  |  |  |  |  |  |  |
Finance costs—net |  |  | 65 |  |  |  | (1 | ) |  |  | (9 | )
Dividend received |  |  | — |  |  |  | — |  |  |  | — |
Interest paid |  |  | (148 | ) |  |  | (95 | ) |  |  | (61 | )
Interest received |  |  | 149 |  |  |  | 103 |  |  |  | 74 |
Changes in working capital: |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables and other |  |  | (1 | ) |  |  | — |  |  |  | 26 |
Other financial liabilities |  |  | — |  |  |  | — |  |  |  | (1 | )
Trade payables and other |  |  | 2 |  |  |  | (1 | ) |  |  | (44 | )
Net cash flows used in operating activities |  |  | (3 | ) |  |  | — |  |  |  | (15 | )
Investments in subsidiaries |  |  | (11 | ) |  |  | — |  |  |  | — |
Current account with subsidiary (for cash pooling) |  |  | 180 |  |  |  | (186 | ) |  |  | 17 |
Loans granted to subsidiary and related parties |  |  | (1,640 | ) |  |  | (375 | ) |  |  | — |
Repayment of loans granted to subsidiary and related parties |  |  | 823 |  |  |  | 181 |  |  |  | — |
Exit fees received from Subsidiaries |  |  | 9 |  |  |  | — |  |  |  | — |
Net cash flows (used in)/ from investing activities |  |  | (639 | ) |  |  | (380 | ) |  |  | 17 |
Net proceeds received from issuance of shares |  |  | 259 |  |  |  | — |  |  |  | — |
Proceeds from issuance of Senior Notes |  |  | 1,440 |  |  |  | 375 |  |  |  | — |
Payment of deferred financing costs |  |  | (29 | ) |  |  | (12 | ) |  |  | (2 | )
Repayment of Senior Notes |  |  | (949 | ) |  |  | — |  |  |  | — |
Payment of exit fees |  |  | (61 | ) |  |  | — |  |  |  | — |
Realized foreign exchange gains / (losses) |  |  | (17 | ) |  |  | 17 |  |  |  | — |
Other |  |  | (1 | ) |  |  | — |  |  |  | — |
Net cash flows from / (used in) financing activities |  |  | 642 |  |  |  | 380 |  |  |  | (2 | )
Net increase in cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents—beginning of period |  |  | — |  |  |  | — |  |  |  | — |
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents—end of period |  |  | — |  |  |  | — |  |  |  | — |
Basis of preparation The parent company only financial information of Constellium N.V., presented above, is prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and as endorsed by the European Union. Accounting policies adopted in the preparation of this condensed parent company only financial information are the same as those adopted in the consolidated financial statements and described in NOTE 2—Summary of significant accounting policies, except that the cost method has been used to account for investments in subsidiaries. As at December 31, 2017, there were no material contingencies at Constellium N.V. A description of Constellium N.V. (parent company only) borrowings and related maturity dates is provided in NOTE 20—Borrowings. Non-current financial assets represent loans to Constellium Holdco II B.V., Constellium France Holdco and Constellium Finance and current other financial assets represent related interest receivables. Other financial liabilities represent interest payable on borrowings.

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