Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 247

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 247
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AS 1)”. The amendment will affect the presentation of liabilities in the consolidated statement of financial position. F-13

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 The amendment clarifies that the classification of a liability as current or non-currentshould be based on rights in existence at the end of the reporting period to defer settlement of a liability by at least 12 months. The amendment also clarifies that the classification of a liability should be unaffected by the entity’s expectations regarding whether it will exercise its rights to defer payment. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group does not expect any significant impact of these amendments on its consolidated financial statements.

| 2 | Amendments to IAS 1 on non-current liabilities with covenants |

On October, 31 2022, the IASB issued “Non-currentLiabilities with Covenants”. These amendments clarify how conditions with which an entity must comply within twelve months after the reporting period affect the classification of a liability. The amendments also aim to improve information an entity provides related to liabilities subject to these conditions. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group does not expect any significant impact of these amendments on its consolidated financial statements.

| 3 | Amendments to IFRS 16 – Leases on sale and leaseback |

On 22 September 2022, the IASB issued “Lease Liability in a Sale and Leaseback”. These amendments include requirements for sale and leaseback transactions in IFRS 16 to explain how an entity accounts for a sale and leaseback after the date of the transaction. Sale and leaseback transactions where some or all the lease payments are variable lease payments that do not depend on an index or rate are most likely to be impacted. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group does not expect any significant impact of these amendments on its consolidated financial statements.

| 4 | Amendments to IAS 7 and IFRS 7 – Supplier finance |

On May 25, 2023, the IASB issued “Supplier Finance Arrangements”. These amendments require disclosures to enhance the transparency of supplier finance arrangements and their effects on an entity’s