| Schedule of Property, Plant and Equipment |
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Land and
buildings |
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Space
segment |
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Ground
segment |
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Other fixtures &
fittings, tools and
equipment |
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|
Total |
|
Cost |
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|
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As at 1 January |
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Additions |
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|
6 |
|
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|
15 |
|
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|
52 |
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|
13 |
|
|
|
86 |
|
Business combinations 1 (Note 4) |
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370 |
|
|
|
2,009 |
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|
498 |
|
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|
3 |
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2,880 |
|
Disposals |
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(1 |
) |
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|
— |
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(1 |
) |
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(8 |
) |
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(10 |
) |
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(48 |
) |
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(191 |
) |
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(14 |
) |
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(10 |
) |
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(263 |
) |
Transfer from assets under construction 3 |
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9 |
|
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|
494 |
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|
87 |
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23 |
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613 |
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(2 |
) |
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(1 |
) |
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5 |
|
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(2 |
) |
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|
— |
|
Impact of currency translation |
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|
(14 |
) |
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|
(688 |
) |
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|
(67 |
) |
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|
(20 |
) |
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|
(789 |
) |
As at 31 December |
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Depreciation |
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As at 1 January |
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Depreciation |
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|
(32 |
) |
|
|
(667 |
) |
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|
(112 |
) |
|
|
(25 |
) |
|
|
(836 |
) |
Impairment expense |
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|
— |
|
|
|
(115 |
) |
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|
— |
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|
|
— |
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|
|
(115 |
) |
Impairment reversal |
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|
— |
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|
42 |
|
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|
— |
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|
— |
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|
42 |
|
Disposals |
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|
— |
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|
|
— |
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|
|
— |
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|
8 |
|
|
|
8 |
|
|
|
|
44 |
|
|
|
186 |
|
|
|
14 |
|
|
|
10 |
|
|
|
254 |
|
Impact of currency translation |
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|
7 |
|
|
|
541 |
|
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|
43 |
|
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|
14 |
|
|
|
605 |
|
As at 31 December |
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Book value as at 31 December |
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| 1 |
Space segment amount comprises satellites of EUR 1,571 million and right-of-use assets of EUR 438 million |
| 2 |
Satellites retired from service ASTRA 2A and Galaxy-23. |
3 |
Transfers from assets in the course of construction primarily related to the satellites mPOWER 7 and 8. |
4 |
Other movements include transfers between categories |
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Land and
buildings |
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|
Space
segment |
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|
Ground
segment |
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|
Other fixtures &
fittings, tools and
equipment |
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|
Total |
|
Cost |
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|
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|
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|
|
|
|
|
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|
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As at 1 January |
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|
281 |
|
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|
10,241 |
|
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|
767 |
|
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|
300 |
|
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|
11,589 |
|
Additions |
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|
2 |
|
|
|
23 |
|
|
|
22 |
|
|
|
8 |
|
|
|
55 |
|
Disposals |
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|
— |
|
|
|
— |
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|
— |
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|
|
(3 |
) |
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|
(3 |
) |
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|
|
(26 |
) |
|
|
(707 |
) |
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|
(128 |
) |
|
|
(68 |
) |
|
|
(929 |
) |
Transfer from assets under construction |
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|
17 |
|
|
|
950 |
|
|
|
82 |
|
|
|
14 |
|
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|
1,063 |
|
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|
20 |
|
|
|
2 |
|
|
|
(21 |
) |
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|
7 |
|
|
|
8 |
|
Impact of currency translation |
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|
7 |
|
|
|
321 |
|
|
|
21 |
|
|
|
8 |
|
|
|
357 |
|
As at 31 December |
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|
301 |
|
|
|
10,830 |
|
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|
743 |
|
|
|
266 |
|
|
|
12,140 |
|
Depreciation |
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|
|
|
|
|
|
|
|
|
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|
|
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As at 1 January |
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|
(209 |
) |
|
|
(7,536 |
) |
|
|
(564 |
) |
|
|
(238 |
) |
|
|
(8,547 |
) |
Depreciation |
|
|
(10 |
) |
|
|
(557 |
) |
|
|
(57 |
) |
|
|
(26 |
) |
|
|
(650 |
) |
Impairment expense |
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|
— |
|
|
|
(290 |
) |
|
|
— |
|
|
|
— |
|
|
|
(290 |
) |
Impairment reversal |
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|
— |
|
|
|
74 |
|
|
|
— |
|
|
|
— |
|
|
|
74 |
|
Disposals |
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
|
|
2 |
|
|
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|
25 |
|
|
|
707 |
|
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|
126 |
|
|
|
68 |
|
|
|
926 |
|
Transfer of impairment from assets in course of construction (Note 16) |
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|
— |
|
|
|
(434 |
) |
|
|
— |
|
|
|
— |
|
|
|
(434 |
) |
|
|
|
(7 |
) |
|
|
(2 |
) |
|
|
15 |
|
|
|
(15 |
) |
|
|
(9 |
) |
Impact of currency translation |
|
|
(5 |
) |
|
|
(258 |
) |
|
|
(17 |
) |
|
|
(8 |
) |
|
|
(288 |
) |
As at 31 December |
|
|
(206 |
) |
|
|
(8,296 |
) |
|
|
(497 |
) |
|
|
(217 |
) |
|
|
(9,216 |
) |
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|
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|
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|
|
Book value as at 31 December |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
Satellites ASTRA 2C, Ciel-2, and NSS-7 were de-orbited in 2024 |
2 |
Other movements include presentational adjustments and transfers between categories |
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|
Land and
buildings |
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|
Space
segment |
|
|
Ground
Segment |
|
|
Other fixtures &
fittings, tools and
equipment |
|
|
Total |
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at 1 January |
|
|
300 |
|
|
|
11,368 |
|
|
|
902 |
|
|
|
312 |
|
|
|
12,882 |
|
Additions |
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|
— |
|
|
|
13 |
|
|
|
9 |
|
|
|
5 |
|
|
|
27 |
|
Disposals |
|
|
(8 |
) |
|
|
(151 |
) |
|
|
(3 |
) |
|
|
(6 |
) |
|
|
(168 |
) |
|
|
|
(9 |
) |
|
|
(805 |
) |
|
|
(154 |
) |
|
|
(25 |
) |
|
|
(993 |
) |
Transfers from assets under construction |
|
|
2 |
|
|
|
8 |
|
|
|
30 |
|
|
|
14 |
|
|
|
54 |
|
Impact of currency translation |
|
|
(4 |
) |
|
|
(192 |
) |
|
|
(17 |
) |
|
|
— |
|
|
|
(213 |
) |
As at 31 December |
|
|
281 |
|
|
|
10,241 |
|
|
|
767 |
|
|
|
300 |
|
|
|
11,589 |
|
Depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at 1 January |
|
|
(215 |
) |
|
|
(8,118 |
) |
|
|
(675 |
) |
|
|
(244 |
) |
|
|
(9,252 |
) |
Depreciation |
|
|
(13 |
) |
|
|
(503 |
) |
|
|
(57 |
) |
|
|
(30 |
) |
|
|
(603 |
) |
Impairment expense |
|
|
— |
|
|
|
(56 |
) |
|
|
— |
|
|
|
— |
|
|
|
(56 |
) |
Impairment reversal |
|
|
— |
|
|
|
30 |
|
|
|
— |
|
|
|
— |
|
|
|
30 |
|
Disposals |
|
|
8 |
|
|
|
151 |
|
|
|
3 |
|
|
|
6 |
|
|
|
168 |
|
|
|
|
9 |
|
|
|
805 |
|
|
|
154 |
|
|
|
25 |
|
|
|
993 |
|
Impact of currency translation |
|
|
2 |
|
|
|
155 |
|
|
|
11 |
|
|
|
5 |
|
|
|
173 |
|
As at 31 December |
|
|
(209 |
) |
|
|
(7,536 |
) |
|
|
(564 |
) |
|
|
(238 |
) |
|
|
(8,547 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Book value as at 31 December |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
Satellites ASTRA 1G, ASTRA 2D, AMC-18, AMC-1, AMC-4, and NSS-6 were de-orbited in 2023 |
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| Schedule of Post-Tax Discount Rates Used in Impairment Test |
The following table discloses the applicable amounts and post-tax discount rates used in the impairment test for the slot-satellite-ground CGUs subject to impairment charges or reversals during 2025.
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Discount
rate |
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|
Satellite
impairment |
|
|
Slot
impairment |
|
2025 – Charges |
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|
619 |
|
|
|
7.5% - 8.8 |
% |
|
|
115 |
|
|
|
99 |
|
2025 – Reversals |
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|
496 |
|
|
|
|
% |
|
|
(42 |
) |
|
|
(26 |
) |
2025 – Net Impact |
|
|
|
|
|
|
|
|
|
|
73 |
|
|
|
73 |
| For 2024, the following table discloses the applicable amounts and post-tax discount rates used in the impairment test for those geostationary satellites and orbital slot rights subject to impairment charges or reversals during 2024.
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|
|
|
|
|
|
|
|
|
|
Discount
rate |
|
|
Satellite
impairment |
|
|
Slot
impairment |
|
2024 – GEO charges |
|
|
750 |
|
|
|
8.9 |
% |
|
|
237 |
|
|
|
93 |
|
2024 – GEO reversals |
|
|
1,005 |
|
|
|
6.8% - 8.9 |
% |
|
|
(74 |
) |
|
|
(186 |
) |
2024 – MEO charges |
|
|
1,419 |
|
|
|
8.9 |
% |
|
|
53 |
|
|
|
— |
|
2024 – Net impact |
|
|
|
|
|
|
|
|
|
|
216 |
|
|
|
(93 |
) | For 2023, the following table discloses the applicable amounts and pre-tax discount rates used in the impairment test for those geostationary satellites subject to impairment charges or reversals.
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|
Discount rate |
|
|
Satellite
impairment |
|
|
|
|
540 |
|
|
|
|
% |
|
|
56 |
|
|
|
|
177 |
|
|
|
10.5 |
% |
|
|
(30 |
) |
|
|
|
|
|
|
|
|
|
|
|
26 |
|
|