Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 331

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 331
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. Accumulated experience is used to estimate and provide for the discounts. All service revenue is recognized over time as services are rendered when we act as a principal. Service revenue is recognized net of discounts, returns and value added taxes. Service costs Service costs consist primarily of interconnect and roaming costs. Selling, general and administrative expenses Selling, general and administrative expenses consisted primarily of network and IT costs, personnel costs and customer associated costs in the years ended December 31, 2023 and 2024, with additional costs coming from facility and office supplies, taxes other than income taxes, consulting, professional and other services, losses on receivables and other costs contributing smaller amounts. Depreciation Property and equipment is stated at cost, net of any accumulated depreciation and accumulated impairment losses. Depreciation is calculated on a straight -linebasis over the estimated useful lives of the assets. The useful life of our assets generally fall within the following ranges:

| Class of property and equipment |     | Useful life           |
| Telecommunication equipment     |     | 5 – 20 years          |
| Buildings and constructions     |     | 5 – 30 years          |
| Office and other equipment      |     | 2 – 8 years           |
| Right-of-use assets             |     | Equivalent lease term |

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Each asset’s residual value, useful life and method of depreciation is reviewed at the end of each financial year and adjusted prospectively, if necessary. Where applicable, we have applied sale and leaseback accounting principles, whereas the right -of -useasset arising from the leaseback is measured at the proportion of the previous carrying amount of the asset that relates to our retained right of use. Accordingly, we recognize only the amount of any gain or loss that relates to the rights transferred to the buyer -lessor. Amortization Intangible assets acquired separately are carried at cost less accumulated amortization and impairment losses. Intangible assets with a finite useful life are generally amortized with the straight -linemethod over the estimated useful life of the intangible asset. The amortization period and the amortization method for intangible assets with finite useful lives are reviewed at least annually and fall within the following ranges:

| Class of intangible asset                                |     | Useful life   |
| Telecommunications licenses, frequencies and permissions |     | 3 – 20 years  |
| Software                                                 |     | 3 – 10 years  |
| Brands and trademarks                                    |     | 3 – 15 years  |
|