Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 105

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 105
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 resides in a limited number of locations or buildings, and disruption to the security or operation of these locations or buildings could result in disruption of our mobile services in those regions. Moreover, the implementation of our business transformation strategies may result in under -investmentsor failures in internal business processes, which may in turn result in greater vulnerability to technical or operational issues, including harm from failure to detect malware. From time to time, we recognize impairment charges, some of which can be substantial. We have incurred, and may in the future incur, substantial impairment charges as a result of significant differences between the actual performance and the forecasted projection for revenue, Adjusted EBITDA and/or capital expenditure which could require us to write -downthe value of our non -currentassets, including property and equipment and intangible assets (e.g., goodwill). The possible consequences of financial, economic or geopolitical crises, including the ongoing war between Russia and Ukraine, and the impact such crises may have on customer behavior, the reactions of our competitors in terms of offers and pricing or their responses to new entrants in the market, regulatory adjustments in relation to changes in consumer prices and our ability to adjust costs and investments in response to changes in revenue, may also adversely affect our forecasts and lead to a write -downof tangible and intangible assets, including goodwill. In addition, significant adverse developments in our share price, and the resulting decrease in our market capitalization may also lead to a write -downof our goodwill balances. In addition, significant adverse developments in our share price, and the resulting decrease in our market capitalization may also lead to a write -downof our goodwill balances. As of December 31, 2024 our combined balance sheet had $ million in goodwill. We regularly test our property and equipment and intangible assets for impairment by calculating the fair value less cost of disposal (“ FVLCD”) for our cash generating units (“ CGU”) to determine whether any adjustments to the carrying value of CGUs are required. Our assessment of the FVLCD of our CGUs involves estimations about the future performance of the CGU, accordingly, our estimate can be quite sensitive to significant assumptions of projected discount rates, Adjusted EBITDA growth, projected capital expenditures, long term revenue growth rate and related terminal values. We assess, at the end of each reporting period, whether there exists any indicators (“triggers”) that indicate an asset may be impaired (e.g., asset becoming idle, damaged or no longer in use). If there are such indicators,