Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 314

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 314
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1 
 month  |     |   |     | Between 
 1 and 3 
 months  |     |   |     | More     
 than     
 3 months |      |   |     | Total |     |
|:------------------------------------------|:----|:--------|----:|:--|:----|:-------|----:|:--|:----|:--------|----:|:--|:----|:---------|-----:|:--|:----|:------|----:|
| Average expected loss rate (by portfolio) |     |         | 3.5 | % |     |        | 4.7 | % |     |         | 7.7 | % |     |          | 11.8 | % |     |       |     |
| Gross carrying amount – trade receivables |     |         | 196 |   |     |        |  50 |   |     |         |  21 |   |     |          |  166 |   |     |       | 433 |
| Provision                                 |     |         |   — |   |     |        |   — |   |     |         |   1 |   |     |          |   10 |   |     |       |  11 |

The provision in respect of unbilled accrued revenue as of December 31, 2023 amounts to EUR 18 million and the corresponding expected credit loss is 9.0% (December 31, 2022: EUR 14 million, 5.0%). An amount of EUR 6 million (2022: EUR 5 million) was expensed in 2023 reflecting an increase in the IFRS 9 related provision for trade and other receivables. Additional provisions are recorded for trade receivable balances if specific circumstances or forward-looking information lead the Group to believe that additional collectability risk exists with respect to customers that are not reflected in the loss expectancy rates. A cumulative provision for trade receivables of EUR 83 million has been recorded as of December 31, 2023 (December 31, 2022: EUR 89 million). F-69

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 The movement in provisions for trade receivables