Orano - Annual Activity Report 2024 343 STATEMENTS 6 Consolidated financial statements - financial year ended December 31, 2024 NOTE 6 TRANSITION FROM OPERATING INCOME TO EBITDA (in millions of euros) December 31, 2024 December 31, 2023 Operating income 1,085 635 Net increase in depreciation and impairment of intangible assets, net of reversals 165 93 Net increase in depreciation and impairment of property, plant and equipment, net of reversals 455 327 Net increase in depreciation and impairment of right-of-use – asset leases, net of reversals 22 22 Net gain on disposal of property, plant and equipment and intangible assets 3 6 Losses and gains on leases - - Effects of takeovers and losses of control 43 - Charges to provisions, net of reversals * (111) (199) Investment grant recognized in the income statement - - Insurer (payments)/repayments on assets earmarked for social liabilities ** 82 85 Costs of end-of-lifecycle operations performed 321 258 EBITDA 2,067 1,228 * Except provisions and reversals of provisions on current assets. ** See Note 24. NOTE 7 NET FINANCIAL INCOME (EXPENSE) Cost of gross debt The cost of gross debt at the end of December 2024 totaling 145 million euros includes interest expenses relating to bonds for an amount of 114 million euros (compared to 107 million euros at December 31, 2023). The interest expense related to IFRS 16 incurred during the 2024 financial year was 4 million euros (unchanged from December 31, 2023). Other financial income and expenses (in millions of euros) December 31, 2024 December 31, 2023 Change in fair value through profit or loss of earmarked assets 450 580 Gain (loss) from the disposal of financial hedging assets measured at amortized cost 6 - Dividends received 78 71 Income from receivables and accretion gains on earmarked assets 4 5 Accretion expenses on end-of-lifecycle operations (418) (423) Impact of changes in discount rates and inflation rates (see Note 13) (109) (60) Impact of revisions of payment schedules - - Share related to end-of-lifecycle operations 11 173 Foreign exchange gain (loss) 29 (14) Change in fair value through profit or loss of non-earmarked assets 14 9 Interest on advances received on contracts (102) (80) Financial income from pensions and other employee benefits (17) (18) Impact on net debt and other provisions of accretion and changes in discount and inflation rates (131) (119) Other financial income 3 3 Other financial expense (19) (44) Share not related to end-of-lifecycle operations (224) (263) OTHER FINANCIAL INCOME AND EXPENSE (212) (91) The premiums / discounts on foreign exchange hedging instruments are recognized in other financial expenses (see Note 1.3.1).
RkJQdWJsaXNoZXIy NzMxNTcx