Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 332

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 332
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   (39 | ) |
| Cost as of December 31, 2023                    |     |         | 1,033 |   |     |         |  55 |   |     |       | 1,088 |   |
| Expected reimbursements as of January 1, 2023   |     |         |  (345 | ) |     |         | (51 | ) |     |       |  (396 | ) |
| Additions                                       |     |         |   (36 | ) |     |         |  (2 | ) |     |       |   (38 | ) |
| Repayments                                      |     |         |   129 |   |     |         |   1 |   |     |       |   130 |   |
| Impact of currency translation                  |     |         |     9 |   |     |         |   2 |   |     |       |    11 |   |
| Expected reimbursements as of December 31, 2023 |     |         |  (243 | ) |     |         | (50 | ) |     |       |  (293 | ) |

In 2023 the Group incurred EUR 52 million (2022: EUR 329 million) in capital expenditure which has been partially offset by expected reimbursements as per the table above of EUR 38 million (2022: EUR 324 million) and hence reclassified from ‘Assets-under-construction’ to ‘Other receivables’. The Group records repurposing operating expenses as incurred and corresponding reimbursement income when the Group has obtained reasonable assurance that the costs will be reimbursed and that it will comply with any associated requirements. In 2023 the Group recorded C-bandrepurposing income of EUR 2,744 million (2022: EUR 184 million), including the Accelerated Relocation Payments mentioned above. The 2022 C-bandrepurposing income included EUR 173 million of Verizon accelerated clearing proceeds (nil in 2023). C-band-relatedexpenses of EUR 47 million (2022: EUR 30 million) represent cost of sales of EUR 2 million (2022: EUR 3 million), accumulated staff costs of EUR 29 million (2022: EUR 12 million) and other operating expenses (including travel and consulting charges) of EUR 16 million (2022: EUR 15 million). During 2023 EUR 424 million (2022: EUR 135