Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 413

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 413
---
idential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 (h) Other Assets Other assets primarily consist of investments in certain equity securities, equity method investments, loan receivables, right-of-use(“ROU”) assets, long-term restricted cash, long-term deposits and other miscellaneous deferred charges and long-term assets. See Note 6 - Investments for additional discussion regarding equity securities, equity method investments and loan receivable accounting policies. See Note 10 - Leases and “ (u) Leases”below for additional discussion regarding ROU asset accounting policies. (i) Goodwill and Other Intangible Assets We account for goodwill and other intangible assets in accordance with ASC 350, Intangibles—Goodwill and Other(“ASC 350”). Goodwill represents the excess of the consideration transferred plus the fair value of any noncontrolling interest in the acquiree at the acquisition date over the fair values of identifiable net assets of businesses acquired. Goodwill and certain other intangible assets deemed to have indefinite lives are not amortized but are tested on an annual basis for impairment during the fourth quarter, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. The current guidance requires us to measure impairment using the difference between the carrying amount and the fair value of the reporting unit, if required. See Note 7 - Goodwill and Other Intangible Assets. Intangible assets arising from business combinations are initially recorded at fair value. We record other intangible assets at cost. We amortize intangible assets with determinable lives based on the expected pattern of consumption. We review these intangible assets for impairment whenever facts and circumstances indicate that the carrying amounts may not be recoverable. See Note 7 - Goodwill and Other Intangible Assets. (j) Impairment of Long-Lived Assets We review long-lived assets, including property and equipment and acquired intangible assets with estimable useful lives, for impairment whenever events or changes in circumstances indicate that the carrying amount of such an asset may not be recoverable. These indicators of impairment can include, but are not limited to, the following:

| • |     | satellite anomalies, such as a partial or full loss of power; |

| • |     | under-performance of an asset compared to expectations; and |

| • |     | shortened useful lives due to changes in the way an asset is used or expected to be used. |

The recoverability of an asset to be held and used is determined