Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 246

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 246
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 Two Model Rules”. These amendments give companies temporary relief from accounting for deferred taxes arising from the Minimum Tax Implementation Handbook international tax reform. The amendments also introduce targeted disclosure requirements for affected companies. The companies shall apply the temporary exception immediately, but disclosure requirements are required for annual periods beginning on or after January 1, 2023. For more details, see Note 8 – Income taxes. The following new and amended IFRS Accounting Standards were effective from January 1, 2022 and were adopted by the Group. Any new IFRS Accounting Standards amendments, effective from January 1, 2022 and not mentioned below are not applicable to the Group. Amendments to IFRS 3, IAS 16, IAS 37 and annual improvements to IFRS 1, IFRS 9, IAS 41 and IFRS 16 Amendments to IFRS 3, “Business combinations” update a reference in IFRS 3 to the Conceptual Framework for Financial Reporting without changing the accounting requirements for business combinations. Amendments to IAS 16, “Property, plant and equipment” prohibit a company from deducting from the cost of property, plant and equipment amounts received from selling items produced while the company is preparing the asset for its intended use. Instead, a company will recognise such sales proceeds and related cost in profit or loss. Amendments to IAS 37, “Provisions, contingent liabilities and contingent assets” specify which costs a company includes when assessing whether a contract will be loss-making. Annual improvements resulted in minor amendments to IFRS 1, “First-time adoption of IFRS”, IFRS 9. “Financial instruments”, IAS 41. “Agriculture” and the illustrative examples accompanying IFRS 16, ‘Leases’. The amendments are effective for annual reporting periods beginning on or after 1 January 2022. The adoption of these amendments did not have any impact on the Group’s consolidated financial statements. New standards and interpretations not yet adopted A number of new standards and amendments to standards and interpretations are relevant for the Group and effective for annual periods beginning on or after January, 1 2024 and have not been early adopted in preparing these consolidated financial statements:

| 1 | Amendments to IAS 1 on classification of liabilities as current or 
 non-current                                                        |

On January 23, 2020, the IASB issued “Classification of Liabilities as Current or Non-Current(Amendments to I