Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 126

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 126
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) and gross when we are primarily responsible for fulfilling the obligation to provide such services to the customer. Revenue from services with a fixed term, including fixed -termtariff plans and monthly subscriptions, is recognized on a straight -linebasis over time. For pay -as - you-useplans, in which the customer is charged based on actual usage, revenue is recognized on a usage basis. Some tariff plans allow customers to rollover unused services to the following period. For such tariff plans, revenue is generally recognized on a usage basis. 71

For contracts that include multiple service components, such as voice, text and data, revenue is allocated based on stand -aloneselling price of each performance obligation. The stand -aloneselling price for these services is usually determined with reference to the price charged per service under a pay -as - you-useplan to similar customers. Upfront fees, including activation or connection fees, are recognized on a straight -linebasis over the contract term. For contracts with an indefinite term, such as prepaid contracts, revenue from upfront fees is recognized over the average customer life. Revenue from other operators, including interconnect and roaming charges, is recognized based on the price specified in the contract, net of any estimated retrospective volume discounts. Accumulated experience is used to estimate and provide for the discounts. All service revenue is recognized over time as services are rendered when we act as a principal. Service revenue is recognized net of discounts, returns and value added taxes. Service costs Service costs consist primarily of interconnect and roaming costs. Selling, general and administrative expenses Selling, general and administrative expenses consisted primarily of network and IT costs, personnel costs and customer associated costs in the years ended December 31, 2023 and 2024, with additional costs coming from facility and office supplies, taxes other than income taxes, consulting, professional and other services, losses on receivables and other costs contributing smaller amounts. Depreciation Property and equipment is stated at cost, net of any accumulated depreciation and accumulated impairment losses. Depreciation is calculated on a straight -linebasis over the estimated useful lives of the assets. The useful life of our assets generally fall within the following ranges:

| Class of property and equipment |     | Useful life           |
| Telecommunication equipment     |     | 5 – 20 years          |
| Buildings and constructions     |     | 5 – 30 years          |
| Office and other equipment      |     | 2 – 8 years           |
| Right-of-use assets