Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 342

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 342
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.V., on January 27, 2025. The second phase of the buyback will be in the amount of up to US$35. Previously, VEON’s Board of Directors approved a share buyback program of up to US$100 on July 31, 2024. 19SIGNIFICANT ACCOUNTING POLICIES SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS The preparation of these combined financial statements has required management to apply accounting policies and methodologies based on complex and subjective judgements, as well as estimates based on past experience and assumptions determined to be reasonable and realistic based on the related circumstances. The use of these judgments, estimates and assumptions affects the amounts reported in these combined financial statements. The final amounts for items for which estimates and assumptions were made in the combined financial statements may differ from those reported in these statements due to the uncertainties that characterize the assumptions and conditions on which the estimates are based. The sources of uncertainty identified by the Group are described together with the applicable Note, as follows:

| Significant accounting judgment/source of estimation uncertainty |     | Described in        |
| Revenue recognition                                              |     | Note 3              |
| Deferred tax assets and uncertain tax positions                  |     | Note 8              |
| Provisions and contingent liabilities                            |     | Note 7              |
| Impairment of non-current assets                                 |     | Note 9              |
| Control over subsidiaries                                        |     | Note 12             |
| Depreciation and amortization of non-current assets              |     | Note 10 and Note 11 |
| Fair value of financial instruments                              |     | Note 14             |
| Sale and lease back transactions                                 |     | Note 10             |
| Measurement of lease liabilities                                 |     | Note 14             |

F-87 VEON Holdings B.V. GENERAL INFORMATION ABOUT THE GROUP 19SIGNIFICANT ACCOUNTING POLICIES (cont.) NEW STANDARDS AND INTERPRETATIONS Adopted in 2024 No new or amended standards or interpretations have been adopted in 2024. The Group has not early adopted any standards, interpretations or amendments that have been issued but have not yet become effective. Adopted in 2023 A number of amended standards became effective as of January 1, 2023, which did not have a material impact on these combined financial statements. The Group has not early adopted any other standards, interpretations or amendments that have been issued but have not yet become effective. Not