Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 433

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 433
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encies arising from business divestitures, and include remediation costs relating to such environmental risks. Identified environmental risks are covered by provisions estimated on the basis of the costs Sanofi believes it will be obliged to meet over a period not exceeding (other than in exceptional cases) 30 years. Sanofi expects that € 67million of those provisions will be utilized in 2025 , and € 203million over the period from 2026 through 2029 . As regards greenhouse gas emission quotas, which relate to Sanofi production facilities in France and Ireland, in the absence of specific IFRS pronouncements Sanofi has adopted the "net liability approach". That involves recognizing a liability at the balance sheet date if actual emissions exceed the quotas held, in accordance with IAS 37 and French GAAP ( Plan Comptable Général, Article 615-1s). Quotas are managed as a production cost, and as such are recognized in inventory at a zero value (if received free of charge) and at acquisition cost (if bought on the market). As of December 31, 2024 , a provision of € 1million has been recognized. “Product liability risks, litigation and other” mainly comprises provisions for risks relating to product liability (including IBNR provisions as described in Note B.12.), government investigations, regulatory or antitrust law claims, contingencies arising from business divestitures (other than environmental risks), and remediation costs related to leases. The main pending legal and arbitral proceedings and government investigations are described in Note D.22. A full risk and litigation assessment is performed with the assistance of Sanofi’s legal advisers, and provisions are recorded as required by circumstances in accordance with the principles described in Note B.12.

| F-74 | SANOFIFORM 20-F2024 |

| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |

D.19.4. Non-current income tax liabilities

Non-current income tax liabilities amounted to € 1,512million as of December 31, 2024 (versus € 1,842million as of December 31,

2023 and € 1,979million as of December 31, 2022 ) . These amounts include uncertainties over income tax treatment totalling

€ 1,512million as of December 31, 2024 , versus € 1,595million as of December 31, 2023 and € 1,520million as of December 31,

2022 .