Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 292

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 292
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 changes in the accounting policy of orbital slot rights, as disclosed under “Significant accounting judgments and estimates”, below. Any new IFRS Accounting Standards amendments, effective from January 1, 2024
and not mentioned below are not applicable to the Group.

Amendments to IAS 1 on classification of liabilities as current or non-current

On January 23, 2020, the IASB issued “Classification of Liabilities as Current
or Non-Current (Amendments to IAS 1)”. The amendment will affect the presentation of liabilities in the consolidated statements of financial position. The amendment clarifies that the classification of a
liability as current or non-current should 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 adoption of these amendments did not have any material impact on the Group’s consolidated financial statements.

Amendments to IAS 1 on non-currentliabilities with covenants

On October 31, 2022, the IASB issued “Non-current Liabilities with Covenants”. These
amendments clarify how conditions with which an entity must comply within twelve months after the reporting period affect the

F-14

Consolidated financial statements

as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022

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 adoption of these amendments did not have any material impact on the Group’s consolidated financial statements.

New standards and interpretations not yet adopted

A number of new standards and amendments to standards and interpretations are relevant for the Group and effective for annual periods beginning
on or after January 1, 2025 and have not been early adopted in preparing these consolidated financial statements:

Sale or contribution of assets between an investor and its associate or joint venture—Amendments to IFRS 10 and IAS 28

The IASB has made
limited scope amendments to IFRS 10 (‘Consolid