Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 269

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 269
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 deferred until the draw-down occurs. Current taxes Current tax assets and liabilities for current and prior periods are measured at the amount expected to be recovered from, or paid to, the tax authorities. The tax rates and laws used to compute these amounts are those enacted, or substantively enacted, at the reporting date. Deferred taxes Deferred tax is determined using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date. Deferred tax liabilities are recognized for all taxable temporary differences, except:

| • |     | where the deferred tax liability arises from the initial recognition of goodwill or of an asset or liability in a                                         
 transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and |

F-29

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2023 and December 31, 2022

| • |     | in respect of taxable temporary differences associated with investments in subsidiaries where the timing of the                                       
 reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. |

Deferred tax assets are recognized for all deductible temporary differences, carry-forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry-forward of unused tax credits and unused tax losses can be utilized except:

| • |     | where the deferred tax asset relating to the deductible temporary difference arises from the initial recognition                                                                        
 of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and |

| • |     | in respect of deductible temporary differences associated with investments in subsidiaries, deferred tax assets                                                                                                           
 are recognised only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilised. |

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that