Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 313

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 313
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 by measuring the loss allowance at an amount equal to lifetime expected credit losses. To measure the expected credit losses, trade receivables and unbilled accrued revenue have been grouped in portfolios based on shared credit risk characteristics (credit risk profile: Prime, Market, Sub-prime,and Government), country and the days past due. In order to compute the provision, the gross trade receivables balance is reduced for any portion representing deferred revenue and any securities held. Trade receivables and unbilled accrued revenue are written off when there is no reasonable expectation of recovery. The Group’s largest customers are large media companies and government agencies, and hence the credit risk associated with these contracts is assessed as low. The Company calculates loss expectancy rates based on the history of losses and forward-looking information to create a provision matrix. On that basis, the provision as of December 31, 2023 and December 31, 2022 is as follows: € million

| December 31, 2023                         |     | Current |     |   |     | Less   
 than 1 
 month  |     |   |     | Between 
 1 and 3 
 months  |     |   |     | More     
 than     
 3 months |     |   |     | Total |     |
|:------------------------------------------|:----|:--------|----:|:--|:----|:-------|----:|:--|:----|:--------|----:|:--|:----|:---------|----:|:--|:----|:------|----:|
| Average expected loss rate (by portfolio) |     |         | 3.0 | % |     |        | 4.1 | % |     |         | 6.5 | % |     |          | 9.8 | % |     |       |     |
| Gross carrying amount – trade receivables |     |         | 162 |   |     |        |  66 |   |     |         |  48 |   |     |          | 129 |   |     |       | 405 |
| Provision                                 |     |         |   2 |   |     |        |   — |   |     |         |   — |   |     |          |  11 |   |     |       |  13 |

| December 31, 2022                         |     | Current |     |   |     | Less   
 than