Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 323

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 323
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                          |     |   41 |     |   39 |
| Consulting, professional and other services        |     |   14 |     |    5 |
| Taxes, other than income taxes                     |     |    9 |     |    7 |
| Facility and office supplies                       |     |    6 |     |    9 |
| Losses on receivables                              |     |    2 |     |    2 |
| Other                                              |     |    4 |     |   12 |
| Total selling, general and administrative expenses |     |  305 |     |  284 |

LEASES

Short-term leases and leases for low value items are immediately expensed as incurred.

ACCOUNTING POLICIES

Customer associated costs

Customer associated costs relate primarily to commissions paid to third-party dealers and marketing expenses. Certain customer acquisition costs are initially capitalized within ‘Other Assets’ in the combined statement of financial position and subsequently amortized within “Customer associated costs”. Refer to Note 3 for further details.

5TRADE AND OTHER RECEIVABLES

Trade and other receivables consisted of the following items as of December 31:

|                                                            |     | 2024 |   |     | 2023 |   |
| Trade receivables (gross)                                  |     |   55 |   |     |   57 |   |
| Expected credit losses                                     |     |  (15 | ) |     |  (14 | ) |
| Trade receivables (net)                                    |     |   40 |   |     |   43 |   |
| Other receivables, net of expected credit losses allowance |     |    — |   |     |   12 |   |
| Total trade and other receivables                          |     |   40 |   |     |   55 |   |

Other receivables, net of expected credit losses allowance include receivables of US$ as of December 31, 2023 from a related party, LLC “Ukraine Tower Company”.

The following table summarizes the movement in the allowance for expected credit losses for the year ended December 31:

|                                         |     | 2024 |   |     | 2023 |   |
| Balance as of January 1                 |     |   14 |   |     |   13 |   |
| Accruals for expected credit losses     |     |    3 |