ORANO // Annual Activity Report 2024

STATEMENTS

Consolidated fi nancial statements - fi nancial year ended December 31, 2024

DEFERRED TAX ASSETS AND LIABILITIES

December 31, 2024 December 31, 2023

(in millions of euros)

Deferred tax assets Deferred tax liabilities

207

97

60

3

TOTAL DEFERRED TAX ASSETS AND (LIABILITIES)

147

94

For all French companies, the expected tax rate for temporary differences is 25.83% for reversals from 2025.

MAIN CONSOLIDATED DEFERRED TAX ASSETS AND LIABILITIES BY TYPE

December 31, 2024 December 31, 2023

(in millions of euros)

TAX IMPACT OF TEMPORARY DIFFERENCES RELATED TO: Property, plant and equipment, intangible assets and non-current assets (including right-of-use assets on leases)

67 24

120

Working capital assets Employee bene fi ts Tax-driven provisions

9 3

8

(159)

(159)

Provisions for end-of-lifecycle operations and mining site remediation

29

27 78

Impact of tax loss carry forwards and deferred taxes

213

Other temporary differences (including lease liabilities and provisions for the remediation of leased assets)

(35) 147

17 94

TOTAL DEFERRED TAX ASSETS NET OF LIABILITIES

CHANGE IN CONSOLIDATED DEFERRED TAX ASSETS AND LIABILITIES

December 31, 2024 December 31, 2023

(in millions of euros)

At January 1

94 55 23

114

Tax recognized in pro fi t or loss

(7)

Tax expense recognized directly in other items of comprehensive income

(10)

Other changes

(27)

-

Currency translation differences

1

(2) 94

TOTAL DEFERRED TAX ASSETS AND (LIABILITIES)

147

6

CONSOLIDATED DEFERRED TAX INCOME AND EXPENSE BY CATEGORY OF TEMPORARY DIFFERENCE

December 31, 2024 December 31, 2023

(in millions of euros)

Property, plant and equipment, intangible assets and non-current assets (including right-of-use assets on leases)

(135)

(33)

Working capital assets Employee bene fi ts Tax-driven provisions

(22)

5

10

10 (2)

(18)

Provisions for end-of-lifecycle operations and mining site remediation

2 2

- -

Provisions for restructuring

Net tax loss carryforwards and deferred taxes Impairment / reversal of deferred taxes

98

(52)

157

45

Other temporary differences (including lease liabilities and provisions for the remediation of leased assets)

(37)

20 (7)

TOTAL DEFERRED TAX INCOME (EXPENSES)

55

345

Orano - Annual Activity Report 2024

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