Orano - Annual Activity Report 2024 353 STATEMENTS 6 Consolidated financial statements - financial year ended December 31, 2024 Provisional schedule of statutory and non-statutory provision disbursements before discounting (in millions of euros) Gross amount Present value Value at closing economic conditions Disbursement maturity of less than 1 year Disbursement maturity of between 1 year and 10 years Disbursement maturity of more than 10 years Provisions for dismantling 5,591 10,069 220 2,153 7,697 Provisions for Waste Retrieval and Packaging 1,450 1,932 149 1,127 656 Provision for long-term waste management (transport & storage) 1,595 4,188 23 677 3,489 Monitoring costs after closure of storage facilities 72 802 1 17 785 Provisions for end-of-lifecycle operations (regulated) 8,708 16,992 392 3,973 12,626 Provisions for end-of-lifecycle operations (non-regulated) 351 640 23 168 450 PROVISIONS FOR END-OF-LIFECYCLE OPERATIONS 9,059 17,632 415 4,141 13,076 Dismantling assets – Third-party share Dismantling assets include two items: ● the dismantling assets attributable to owners of the parent, classified under property, plant and equipment in the statement of financial position (see Note 11); and ● the dismantling assets third-party share (see Note 1.3.12 and described herein) corresponding to the financing expected from third parties contributing to the dismantling of certain facilities or equipment for which Orano has a legal or contractual obligation to dismantle. (in millions of euros) Net carrying amount at December 31, 2023 Decrease from period expense Accretion Change in assumptions, revision to estimates, etc. Net carrying amount at December 31, 2024 Dismantling assets – third-party share (regulated *) 80 (15) 4 1 70 Dismantling assets – third-party share (non-regulated *) 4 (1) - 1 4 TOTAL DISMANTLING ASSETS – THIRD-PARTY SHARE 84 (16) 4 1 74 * Scope of application of the French law of June 28, 2006. Discount rates and inflation rates (see principles set out in Note 1.3.12) At December 31, 2024, Orano applied a discount rate assumption of 4.65% and a long-term inflation assumption of 1.88%, i.e., an actual rate of 2.72% (compared to 4.90% and 2.00% respectively at December 31, 2023, i.e., an actual rate of 2.84%). At December 31, 2024, the use of a discount rate 10 basis points higher or lower than that used would have the effect of changing the closing balance of provisions for end-of-lifecycle operations by -157 million euros with a rate of 4.75% or +162 million euros with a rate of 4.55% respectively. Financial assets earmarked for end-of-lifecycle operations (in millions of euros) December 31, 2024 December 31, 2023 Net carrying amount Market value Net carrying amount Market value Portfolio of earmarked securities 8,363 8,376 7,968 8,036 Receivables related to end-of-lifecycle operations 16 16 118 118 TOTAL FINANCIAL ASSETS EARMARKED FOR ENDOF-LIFECYCLE 8,379 8,392 8,086 8,154 Of which earmarked hedging financial assets (regulated *) 8,363 8,376 8,023 8,091 Of which earmarked hedging financial assets (non-regulated *) 16 16 63 63 * Scope of application of the French law of June 28, 2006.
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