Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 256

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 256
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 Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2023 and December 31, 2022 due to market changes or circumstances arising beyond the control of the Group. Such changes are reflected in revisions to the assumptions when they occur.

| i | Impairment testing for goodwill and other indefinite-life intangible assets |

The Group determines whether goodwill and other indefinite-life intangible assets are impaired at least on an annual basis. This requires an estimation of the value-in-useof the cash generating units (‘CGUs’) to which the goodwill and other indefinite-life intangible assets are allocated. Establishing the value-in-userequires the Group to make an estimate of the expected future pre-taxcash flows from the CGU and to choose a suitable pre-taxdiscount rate and terminal growth rate to calculate the present value of those cash flows. More details are given in Note 15.

| ii | Impairment testing for space segment assets including assets under construction |

The Group assesses at each reporting date whether there is any indicator that an asset may be impaired. If any such indication exists, the Group determines an estimate of the recoverable amount, as the higher of: (1) the fair value less cost of disposal and, (2) its value-in-use,to determine whether the recoverable amount exceeds the carrying amount included in the consolidated financial statements. For the Group’s satellites, the estimation of the value-in-userequires estimations of the future commercial revenues to be generated by each satellite, particularly related to new markets or services, and also the impact of past in-orbitanomalies and their potential impact on the satellite’s ability to provide its expected commercial service (Note 13).

| iii | Recoverability of deferred tax assets |

The Group recognizes deferred tax assets primarily in connection with the carry-forward of unused tax losses and tax credits. The Group reviews the tax position in the different jurisdictions in which it operates to assess the need to recognize such assets based mainly on projections of taxable profits to be generated in each of those jurisdictions. The carrying amount of each deferred tax asset is reviewed at each reporting date and reduced to the extent that current projections indicate that it is no longer probable that sufficient taxable profits will be available to enable all, or part, of the asset to be recovered.

| iv | Expected credit losses on trade receivables and unbilled accrued revenue |

The Group estimates expected credit losses on trade receivables and unbilled accrued revenues using a provision matrix based on loss expectancy rates