Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 326

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 326
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 |     |      | 23 |     |      |  22 |
| Total                         |     |      | 83 |     |      | 107 |

Employee benefits obligations In the Group’s US operations certain employees benefit from an externally insured post-retirement health benefit plan. As of December 31, 2023, accrued premiums of EUR 6 million (2022: EUR 7 million) are included in this position. There were no contributions made in 2023 to Group pension schemes (2022: nil). In addition, certain employees of the US operations benefit from defined contribution pension plans. A liability of EUR 10 million has been recognized as of December 31, 2023 (2022: EUR 11 million) in this respect, out of which EUR 2 million is included under ‘Trade and other payables’ (2022: EUR 3 million). Payments received in advance In the framework of receivables securitization transactions completed in June 2018 and June 2019 the Group received a net cash amount of EUR 88 million and EUR 59 million, respectively, from a financial institution as advance settlement of future receivables arising until 2024 under contracts with a specific customer. An amount of EUR 34 million was repaid to the financial institution in January 2022 and an amount of EUR 25 million was repaid to the financial institution in January 2023. In June 2022, the Company received a net cash amount of EUR 47 million from the financial institution as advance settlement of future receivables arising between 2024 and 2025 under contracts with a specific customer, which is presented under ‘Other long-term liabilities’. F-83

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 A corresponding aggregate liability of EUR 72 million (2022: EUR 95 million), representing SES’s obligation towards the financial institution to continue to provide services to the customer in accordance with the terms of the customer contract, is recorded in the consolidated statement of financial position as of December 31, 2023 under ‘Other long-term liabilities’ for EUR 47 million (2022: EUR 70 million) and under ‘Trade and other payables’ for EUR 25 million (2022: EUR 25 million). Other long-term liabilities The other