Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 356

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 356
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  (553 | ) |
| Transfer between categories                      |     |           |  — |   |     |         |     7 |   |     |         | (17 | ) |     |           |   6 |   |     |       |    (4 | ) |
| Impact of currency translation                   |     |           |  — |   |     |         |    66 |   |     |         |   6 |   |     |           |   1 |   |     |       |    73 |   |
| Cost and net book value as of December 31, 2022  |     |           |  8 |   |     |         | 1,675 |   |     |         | 159 |   |     |           |  17 |   |     |       | 1,859 |   |

| 1 | Additions related to C-band, O3b mPOWER,                                                                                 
 SES-17, Astra 19.2E (including EUR 37 million non-cash transactions), partly offset by C-band reimbursable space segment 
 (EUR 311 million) and ground segment cost (EUR 13 million)                                                               |

Borrowing costs of EUR 16 million (2023: EUR 28 million) arising from financing specifically relating to satellite procurements were capitalized during the year and are included under ‘Space segment’ additions in the table above. A weighted average effective rate of 3.45% (2023: 3.10%) was used, representing the Group’s average weighted cost of borrowing. Excluding the impact of loan origination costs and commitment fees, the average weighted interest rate was 3.14% (2023: 2.97%). The main space segment additions in 2024 were for O3b mPOWER in amount of EUR 159 million, replacements satellites for the orbital positions 19.2°E and 57°E for EUR 129 million (Note 31) and additions of EUR 34 million in respect of C-band in-kindreimbursements of EUR 22 million and reimbursement denial of EUR 11 million, substantially offset by EUR 36 million of C-bandreimbursements (Note 36). The additions for the C-bandrepurposing are included in the Group’s assets in the course of construction space segment within the consolidated statements of financial position and are included ‘Payments for purchases of tangible assets’ within the consolidated