Orano - Annual Activity Report 2024 346 6 STATEMENTS Consolidated financial statements - financial year ended December 31, 2024 BREAKDOWN OF DEFERRED TAXES RECOGNIZED IN OTHER ITEMS OF COMPREHENSIVE INCOME (in millions of euros) December 31, 2024 December 31, 2023 Before tax Income tax After tax Before tax Income tax After tax Revaluation of the net liability in respect of defined-benefit obligations 14 - 14 (4) - (4) Currency translation differences 14 - 14 (51) - (51) Change in value of cash flow hedges (186) 23 (163) 140 (10) 130 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 (in millions of euros) December 31, 2024 December 31, 2023 Tax credits - - Tax losses 498 629 Other temporary differences 556 903 TOTAL UNRECOGNIZED DEFERRED TAXES 1,054 1,532 NOTE 9 GOODWILL (in millions of euros) December 31, 2023 Increases Disposals Impairment Currency translation differences and other December 31, 2024 Mining 872 - - - 53 925 Front End 161 - - - - 161 Back End 261 - - - 1 262 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 specific 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 firms (market risk-free rate, equity market risk premium, volatility indices, credit spreads and debt ratios of comparable companies in each sector).
RkJQdWJsaXNoZXIy NzMxNTcx