Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 482

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 482
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 as upfront fees) from contracts with an indefinite term and for customer acquisition costs. The average customer life is calculated based on historical data, specifically churn rates which are impacted by relevant country or market characteristics, customer demographic and the nature and terms of the product (such as mobile and fixed line, prepaid and postpaid). Revenue from fixed lines services represents monthly charges to the Group’s subscribers for access to the fixed telephone lines network and for routing the subscribers’ calls through this network. Such revenue is recognized in the period when the respective service is rendered to subscribers. 4SELLING, GENERAL AND ADMINISTRATIVE EXPENSES Selling, general and administrative expenses consisted of the following items for the year ended December 31:

|                                                    |     | 2023 |
| Network and IT costs                               |     |  124 |
| Personnel costs                                    |     |   86 |
| Customer associated costs                          |     |   39 |
| Facility and office supplies                       |     |    9 |
| Taxes, other than income taxes                     |     |    7 |
| Consulting, professional and other services        |     |    5 |
| Losses on receivables                              |     |    2 |
| Other                                              |     |   12 |
| Total selling, general and administrative expenses |     |  284 |

LEASES Short -termleases and leases for low value items are immediately expensed as incurred.

F-40

VEON Holdings B.V.
OPERATING ACTIVITIES OF THE GROUP (cont.) 4SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (cont.) ACCOUNTING POLICIES Customer associated costs Customer associated costs relate primarily to commissions paid to third -partydealers and marketing expenses. Certain customer acquisition costs are initially capitalized within ‘Other Assets’ in the combined statement of financial position and subsequently amortized within “Customer associated costs”. Refer to Note 3 for further details. 5TRADE AND OTHER RECEIVABLES Trade and other receivables consisted of the following items as of December 31:

|                                                            |     | 2023 |   |
| Trade receivables (gross)                                  |     |   57 |   |
| Expected credit losses                                     |     |  (14 | ) |
| Trade receivables (net)                                    |     |   43 |   |
| Other receivables, net of expected credit losses allowance |     |   12 |   |
| Total trade and other receivables                          |     |