SES SA Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
9533 Computer Services
IFRS 9 Financial Instruments adopted, from 1 January 2018, including detailed disclosure of impact.
Adoption of IFRS 15 Revenue from Contracts with Customers resulted in changes in accounting policies.
Early adoption of IFRS 16 Leases resulting in recognition of lease liabilities and right of use assets.
Expected future impact of an amendment issued under IAS 19 Employee Benefits.

SES SA Monitor

SES SA Annual Report 2017
CR Monitor Issue: 
Company covered: 
SES SA Annual Report 2017
Period End: 
31 December, 2017
Report issued on 23 October 2018 covered the following practice issues:
Extended disclosure in respect of the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Discussion of key audit matters included in audit report.
Recognition of prior year adjustment to correct accounting error.
Change in segmental reporting
Detailed disclosure of post balance sheet events.
Change in deferred tax recognised linked to reduction in US tax rate.

Intangible assets other than goodwill under IFRS

This report, based on an examination of the IFRS financial statements of 28 large listed European companies, analyses the disclosure of intangible assets other than goodwill. Included is an examination of companies’ intangible asset disclosures both on the face of the primary financial statements and in the notes. Areas considered include the disclosure of intangible assets separately from goodwill on the face of the statement of financial position, amortisation related disclosures and the presentation of a reconciliation of movements. In addition an examination of the significance of intangible assets relative to total assets is performed.

SES SA Period End 31 December 2009

SES SA Annual Report 2009
No explanation for reversal of change in hedging strategy
Luxembourg satellite broadcasting company SES reverses a prior year change in its hedging strategy and publishes a sensitivity analysis for changes in the US dollar exchange rate against the nominal amount of its net investment in the USA, but does not explain its reason for changing its hedging strategy.

SES SA Period End 31 December 2008

SES Annual Report 2008

Financial impacts of a satellite launch failure disclosed separately
Luxembourg satellite operator SES reports on the face of income statement a charge of €129 million and income of €130 million from failure to launch a satellite.