Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 281

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 281
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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 ‘Other assurance services’ for 2023 represent primarily ESG related services and interim dividend reviews. ‘Other assurance services’ for 2022 represent primarily comfort letters issued in connection with treasury funding operations and interim dividend reviews. Note 7—Finance income and costs

| € million                                                      |     | 2023 |      |   |     | 2022 |      |   |
| Finance income                                                 |     |      |      |   |     |      |      |   |
| Interest income1                                               |     |      |   51 |   |     |      |    6 |   |
| Net foreign exchange gains2                                    |     |      |   13 |   |     |      |   45 |   |
| Total                                                          |     |      |   64 |   |     |      |   51 |   |
| Finance costs                                                  |     |      |      |   |     |      |      |   |
| Interest expense on borrowings (excluding amounts capitalised) |     |      |  (86 | ) |     |      | (102 | ) |
| Loan fees and origination costs and other                      |     |      |  (20 | ) |     |      |  (22 | ) |
| Fair value losses on financial assets3                         |     |      |    — |   |     |      |  (15 | ) |
| Total                                                          |     |      | (106 | ) |     |      | (139 | ) |

| 1 | Interest income on term deposits and money market funds: increase in 2023 reflects C-Band Accelerated Relocation Proceeds received (see Note 34) |

| 2 | Net foreign exchange gains are mostly related to revaluation of bank accounts, deposits and other monetary 
 items denominated in US dollars.                                                                           |

| 3 | Represents fair value increases/ losses on assets included as part of ‘Other financial assets’                                           
 in the consolidated statement of financial position and required to be measured at fair value following recent third-party transactions. |

Note 8—Income taxes Taxes on income comprise the taxes paid or owed in the individual countries, as well as deferred taxes. Current and deferred taxes can be analyzed as follows:

| €