Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 309

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 309
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ibles |

| i | Orbital slot rights |

Other intangibles consist mainly of rights of usage of orbital frequencies. The Group is authorized by governments to operate satellites at certain orbital locations. Governments acquire rights to these orbital locations through filings made with the International Telecommunication Union (‘ITU’), a sub-organizationof the United Nations. The Group will continue to have rights to operate at its orbital locations so long as it maintains its authorizations to do so. The straight-line amortization lives applied from January 2024 range from 1 to 21 years. As noted above, beginning in 2024 the Company treats all orbital slot rights as definite-life assets which are amortized over the depreciation lives of the corresponding on-stationsatellites or their expected successor spacecraft where relevant. Orbital rights acquired for a non-cashconsideration are initially measured at the fair value of the consideration given.

| ii | Customer relationships |

Customer relationships relate to customer contracts acquired as part of a business combination. They are recognized at their fair value at the date of acquisition, based on internal analysis or more commonly through a third-party valuation at the time of the business combination, and are subsequently amortized on a straight-line based over the expected useful economic life of the asset. The current customer relationship asset is being amortized on a straight-line basis over a 15-yearperiod.

| iii | Software and development costs |

Costs associated with maintaining computer software are recognized as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Group are recognized as intangible assets when the following criteria are met:

| • |     | it is technically feasible to complete the software product so that it will be available for use; |

| • |     | management intends to complete the software product and use or sell it; |

| • |     | there is an ability to use or sell the software product; |

| • |     | it can be demonstrated how the software product will generate probable future economic benefits; |

| • |     | adequate technical, financial and other resources to complete the development and to use or sell the software 
 product are available; and                                                                                    |

| • |     | the expenditure attributable to the software product during its development can be reliably measured. |

Directly attributable costs that are capitalized as part of the software product include the software development employee costs and an appropriate portion of relevant overheads. Other development expenditures that do not meet these criteria are recognized as an expense as incurred. Software