Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 316

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 316
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 by $6million, or 6.4%, from $94 million for the year ended December 31, 2023 to $100million for the year ended December 31, 2024. This increase was driven by higher international interconnect traffic and rate effects on traffic costs. Selling, general and administrative expenses Selling, general and administrative expenses increased by $21million, or 7.4%, from $284 million for the year ended December 31, 2023 to $305million for the year ended December 31, 2024. This increase was driven by higher tariffs for technical utilities, higher personnel costs due to an increase in full time employees and salary indexation, higher costs for IT support due to foreign exchange costs and additional scope of work, increased costs of licenses due to indexation, higher media and marketing expenses, higher dealer commissions and retention from higher upsell and tariff migration, higher consulting and other professional services fees and higher non -recoverableVAT costs. Depreciation Depreciation decreased by $9million, or 7.1%, from $127 million for the year ended December 31, 2023 to $118million for the year ended December 31, 2024. This decrease was driven by an increase in depreciation of local currency by $3million due to increased capital expenditures and a $12million foreign exchange loss. Amortization Amortization decreased by $4million, or 8.2%, from $49 million for the year ended December 31, 2023 to $45million for the year ended December 31, 2024. This decrease was driven by an increase in amortization of local currency by $1million due to increased capital expenditures and a $5million foreign exchange loss. Impairment, net Impairment, net increased by $2million, or 200.0%, from $1 million for the year ended December 31, 2023 to $3million for the year ended December 31, 2024. This increase was driven by an increase in loss of territories due to the war and impairment of various individual components of our network. 163 (Loss)/g ain on disposal of non-current assets Gain on disposal of non -currentassets decreased by $3million, or 150.0%, from a gain of $2 million for the year ended December 31, 2023 to a loss of $1million for the year ended December 31, 2024. This decrease was