ORANO // Annual Activity Report 2024

6

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

BREAKDOWN OF DEFERRED TAXES RECOGNIZED IN OTHER ITEMS OF COMPREHENSIVE INCOME

December 31, 2024 December 31, 2023 Before tax Income tax After tax Before tax Income tax After tax

(in millions of euros)

Revaluation of the net liability in respect of de fi ned-bene fi t obligations

14 14

- -

14 14

(4)

- -

(4)

Currency translation differences Change in value of cash flow hedges

(51) 140

(51) 130

(186)

23

(163)

(10)

Share in comprehensive income of associates (net of income tax)

-

-

-

-

-

-

TOTAL GAINS AND (LOSSES) FROM OTHER ITEMS OF COMPREHENSIVE INCOME AFTER TAX

(159)

23

(136)

86

(10)

76

UNRECOGNIZED DEFERRED TAX ASSETS

December 31, 2024 December 31, 2023

(in millions of euros)

Tax credits Tax losses

-

-

498 556

629 903

Other temporary differences

TOTAL UNRECOGNIZED DEFERRED TAXES

1,054

1,532

NOTE 9 GOODWILL

Currency translation differences and other

December 31, 2024

December 31, 2023

Increases

Disposals Impairment

(in millions of euros)

Mining

872 161 261

- - -

- - -

- - -

53

925 161 262

Front End Back End

-

1

TOTAL

1,294

-

-

-

54

1,348

Goodwill impairment testing As indicated in Notes 1.2 “Estimates and judgments” and 1.3.7.5 “Impairment of property, plant and equipment, intangible assets and goodwill”, the group performs impairment tests at least once a year and whenever there is an indication of impairment. These tests consist of comparing the net carrying amount of the assets of cash-generating units (CGUs) or groups of CGUs to which goodwill has been allocated (after inclusion of impairment of property, plant and equipment and intangible assets as detailed in Notes 10 and 11) with their recoverable value.

The discount rates used for impairment testing are based on the average cost of capital, and reflect current assumptions as regards the time value of money and the speci fi c risk represented by the asset, the CGU or the group of CGUs; they are determined on the basis of observed market data and evaluations prepared by specialized fi rms (market risk-free rate, equity market risk premium, volatility indices, credit spreads and debt ratios of comparable companies in each sector).

346

Orano - Annual Activity Report 2024