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INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of detailed information about intangible assets [abstract] |
Schedule of total gross carrying value and accumulated amortization of intangible assets | The following table summarizes the movement in the net book value of intangible assets for the years ended December 31:
Net book value | Telecommuni-cation licenses, frequencies & permissions | Software | Brands and trademarks | Customer relationships | Other intangible assets | Goodwill | Total
As of January 1, 2023 | 1,334 |  | 169 |  | 7 |  | 54 |  | 2 |  | 394 |  | 1,960 |
Additions | 4 |  | 92 |  | — |  | — |  | 5 |  | — |  | 101 |
Amortization charge for the year | (131) |  | (67) |  | (3) |  | (6) |  | (1) |  | — |  | (208) |
Transfer and reclassification | (1) |  | 7 |  | — |  | — |  | (1) |  | — |  | 5 |
Translation adjustment | (180) |  | (8) |  | — |  | (6) |  | — |  | (45) |  | (239) |
As of December 31, 2023 | 1,026 |  | 193 |  | 4 |  | 42 |  | 5 |  | 349 |  | 1,619 |
Additions | 35 |  | 52 |  | — |  | 2 |  | 81 |  | — |  | 170 |
Disposals | — |  | (4) |  | — |  | — |  | (1) |  | — |  | (5) |
Amortization charge for the year | (125) |  | (63) |  | (2) |  | (6) |  | (3) |  | — |  | (199) |
Divestment and reclassification as held for sale * | (4) |  | (8) |  | — |  | — |  | — |  | — |  | (12) |
Transfer and reclassification | — |  | 58 |  | — |  | — |  | (60) |  | 6 |  | 4 |
Translation adjustment | (29) |  | (18) |  | (1) |  | (2) |  | — |  | (17) |  | (67) |
As of December 31, 2024 | 903 |  | 210 |  | 1 |  | 36 |  | 22 |  | 338 |  | 1,510 |
Cost | 1,865 |  | 658 |  | 157 |  | 277 |  | 33 |  | 1,067 |  | 4,057 |
Accumulated amortization and impairment | (962) |  | (448) |  | (156) |  | (241) |  | (11) |  | (729) |  | (2,547) |
* This relates to the classification of Kyrgyzstan as held-for-sale and sale of TNS+ in Kazakhstan as explained in Note 1
Schedule of changes in goodwill per cash-generating unit | During the year, the movement in goodwill for the Group, per CGU, consisted of the following:
CGU* | December 31, 2024 | Translation adjustment | Transfer and reclassification | December 31, 2023
Pakistan | 183 |  | 4 |  | — |  | 179 |
Kazakhstan | 112 |  | (17) |  | — |  | 129 |
Ukraine | 14 |  | (2) |  | 6 |  | 10 |
Uzbekistan | 29 |  | (2) |  | — |  | 31 |
Total | 338 |  | (17) |  | 6 |  | 349 |
* There is no goodwill allocated to the CGUs of Bangladesh or Kyrgyzstan.
CGU* | December 31, 2023 | Translation adjustment | December 31, 2022
Pakistan | 179 |  | (44) |  | 223 |
Kazakhstan | 129 |  | 2 |  | 127 |
Ukraine | 10 |  | — |  | 10 |
Uzbekistan | 31 |  | (3) |  | 34 |
Total | 349 |  | (45) |  | 394 |
* There is no goodwill allocated to the CGUs of Bangladesh or Kyrgyzstan.
Schedule of capital commitments for the future purchase of intangible assets | Capital commitments for the future purchase of equipment are as follows as of December 31:
|  | 2024 | 2023
Less than 1 year |  | 178 | 139
Total commitments |  | 178 | 139
Capital commitments for the future purchase of intangible assets are as follows as of December 31:
|  | 2024 | 2023
Less than 1 year |  | 15 | 9 |
Total commitments |  | 15 | 9 |
Schedule of estimated useful lives | Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. The useful life of VEON's assets generally fall within the following ranges:
Class of property and equipment | Useful life
Telecommunication equipment | 3 – 30 years
Buildings and constructions | 10 – 50 years
Office and other equipment | 2 – 10 years
Right-of-use assets | Equivalent lease term
The amortization period and the amortization method for intangible assets with finite useful lives are reviewed at least annually and fall within the following ranges:
Class of intangible asset | Useful life
Telecommunications licenses, frequencies and permissions | 3 - 20 years
Software | 3 - 10 years
Brands and trademarks | 3 - 15 years
Customer relationships | 10 - 21 years
Other intangible assets | 4 - 10 years

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