Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 491

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 491
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30 years          |
| Office and other equipment      |     | 2 – 8 years           |
| Right-of-use assets             |     | Equivalent lease term |

Each asset’s residual value, useful life and method of depreciation is reviewed at the end of each financial year and adjusted prospectively, if necessary. Where applicable, the Company has applied sale and leaseback accounting principles, whereas the right -of -useasset arising from the leaseback is measured at the proportion of the previous carrying amount of the asset that relates to the right of use retained by the Group. Accordingly, the Group recognizes only the amount of any gain or loss that relates to the rights transferred to the buyer -lessor. SOURCE OF ESTIMATION UNCERTAINTY Depreciation and amortization of non-current assets Depreciation and amortization expenses are based on management estimates of useful life, residual value and amortization method of property and equipment and intangible assets. Estimates may change due to technological developments, competition, changes in market conditions and other factors and may result in changes in the estimated useful life and in the amortization or depreciation charges. Technological developments are difficult to predict and our views on the trends and pace of developments may change over time. Some of the assets and technologies in which the Group invested several years ago are still in use and provide the basis for new technologies. The useful lives of property and equipment and intangible assets are reviewed at least annually, taking into consideration the factors mentioned above and all other relevant factors. Estimated useful lives for similar types of assets may vary between different entities in the Group due to local factors such as growth rate, maturity of the market, historical and expected replacements or transfer of assets and quality of components used. Estimated useful life for right -of -useassets is directly impacted by the equivalent lease term, refer to Note 14 for more information regarding source of estimation uncertainty for lease terms.

F-51

VEON Holdings B.V.
INVESTING ACTIVITIES OF THE GROUP (cont.) 11INTANGIBLE ASSETS The following table summarizes the movement in the net book value of intangible assets for the year ended December 31:

| Net book value                   
 As of January 1, 2023            |     | Telecommunication 
         licenses, 
     frequencies & 
       permissions 
               136 |   |     | Software 
       98 |   |     | Brands and 
 trademarks 
          7 |   |     |      Customer 
 relationships 
            28 |   |