Orano - Annual Activity Report 2024 362 6 STATEMENTS Consolidated financial statements - financial year ended December 31, 2024 DECEMBER 31, 2023 (in millions of euros) Somaïr Katco SET Orano DS Mining Mining Front End D&S Country Niger Kazakhstan France France Percentage stake in non-controlling interests 36.60% 49.00% 5.00% * 26.14% Revenue 189 297 896 403 Net income 30 134 256 9 of which attributable to non-controlling interests 11 66 13 2 of which an additional 11% attributable to non-controlling interests 15 Current assets 188 179 581 188 Non-current assets 137 328 3,763 31 Current liabilities 61 (47) (231) (165) Non-current liabilities 93 (25) (1,174) (32) Net assets 171 435 2,940 22 of which attributable to non-controlling interests 63 213 147 6 Cash flow from operating activities 21 159 352 18 Cash flow from investing activities (17) (103) (97) (4) Cash flow from financing activities - (172) (303) (10) Change in net cash 4 (114) (48) 4 Dividends paid to non-controlling interests - (102) (5) (2) * SET and SET Expansion are held directly by SET Holding, whose purpose is to finance its subsidiaries. The data presented for SET, SET Expansion and SET Holding are aggregated. NOTE 24 EMPLOYEE BENEFITS ANALYSIS OF EMPLOYEE BENEFITS ON THE STATEMENT OF FINANCIAL POSITION (in millions of euros) December 31, 2024 December 31, 2023 EMPLOYEE BENEFITS 528 514 Medical expenses and accident/disability 2 2 Retirement benefits 239 218 Long-service awards 6 6 Early retirement benefits 270 277 Supplemental retirement benefits 10 11 Depending on the prevailing laws and practices of each country, the group’s companies make end-of-career payments to their retiring employees. Long-service awards and early retirement pensions are also paid, while supplementary pensions contractually guarantee a given level of income to certain employees. The group calls on an independent actuary to evaluate its commitments each year. In some companies, these commitments are covered in whole or in part by contracts with insurance companies or pension funds. In such cases, the obligations and the covering assets are valued independently. The difference between the commitment and the fair value of the hedging assets is either a funding surplus or a shortfall. In the event of a shortfall, a provision is recorded. In the event of a surplus, an asset is recognized (subject to special conditions). Insurance contract assets may only be used to finance the expenses of the plans covered. The group’s key benefits The “CAFC plan” (Congés anticipation fin de carrière) is an early retirement plan consisting of a working time account with matching contributions from the employer for personnel who work nights or in certain jobs identified in the agreement.
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