Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 249

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 249
---
, many of the other existing principles in IAS 1 are retained, with limited changes. IFRS 18 will not impact the recognition or measurement of items in the financial statements, but it might change what an entity reports as its ‘operating profit or loss’. IFRS 18 will apply for reporting periods beginning on or after 1 January 2027 and also applies to comparative information. The Group has yet to assess the impact to its consolidated financial statements of the changes in presentation and disclosure required by IFRS 18.

| 7 | Amendment to IFRS 9 and IFRS 7—Classification and Measurement of Financial Instruments |

On 30 May 2024, the IASB issued ‘Amendment to IFRS 9 and IFRS 7—Classification and Measurement of Financial Instruments’. These amendments:

| • |     | clarify the requirements for the timing of recognition and derecognition of some financial assets and                
 liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; |

| • |     | clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal 
 and interest (SPPI) criterion;                                                                                  |

| • |     | add new disclosures for certain instruments with contractual terms that can change cash flows (such as some   
 instruments with features linked to the achievement of environment, social and governance (ESG) targets); and |

| • |     | make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive 
 Income (FVOCI).                                                                                             |

The amendments to IFRS 9 and IFRS 7 will be effective for annual reporting periods beginning on or after 1 January 2026, with early application permitted. The Group has yet to assess the impact of these amendments to its consolidated financial statements. IFRS sustainability disclosure standards In June 2023, the International Sustainability Standards Board (ISSB) released its first two sustainability disclosure standards:

| 1 | IFRS S1 General requirements for disclosure of sustainability-related financial information |

This standard includes the core framework for the disclosure of material information about sustainability-related risks and opportunities across an entity’s value chain.

| 2 | IFRS S2 Climate-related disclosures |

This is the first thematic standard issued that sets out requirements for entities to disclose information about climate-related risks and opportunities. The Group will adopt IFRS S1 and IFRS S2 when they become effective for annual reporting periods beginning on