Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 259

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 259
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e is remeasured to fair value at the acquisition date through profit or loss. Any contingent consideration to be transferred by SES will be recognized at fair value at the acquisition date. Subsequent changes to the fair value of the contingent consideration which is deemed to be an asset, or a liability, will be recognized in profit or loss. Property, plant and equipment Property, plant and equipment is initially recorded at historical cost, representing either the acquisition or manufacturing cost. Satellite cost includes the launcher and launch insurance. The impact of changes resulting from a revision of management’s estimate of the cost of property, plant and equipment is recognized in the consolidated income statement in the period concerned. Right-of-useassets are measured at cost comprising the following:

| • |     | the amount of the initial measurement of the corresponding lease liability; |

| • |     | any payments made at or before the commencement date of the lease, less any lease incentives received; |

| • |     | any initial direct costs; and |

| • |     | restoration costs. |

Payments associated with short-term leases and leases of low-valueassets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a term of 12 months or less. Low-valueassets comprise IT-equipmentand small items of office furniture. Costs for the repair and maintenance of these assets are recorded as an expense. Property, plant and equipment is depreciated using the straight-line method. The useful lives per type of asset are the following:

| •  Buildings                                     |     | 25 years       |
| •  Space segment assets                          |     | 10 to 18 years |
| •  Ground segment assets                         |     | 3 to 15 years  |
| •  Other fixtures, fittings, tools and equipment |     | 3 to 15 years  |
| •  Right-of-use assets                           |     | 6 to 12 years  |

An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on the derecognition of an asset is included in the consolidated income statement in the period the asset is derecognized. The residual values, remaining useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted where necessary. For reimbursable capitalized costs related to the procurement of satellites