XML 74 R47.htm IDEA: XBRL DOCUMENT
v3.25.1

HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Held For Sale and Discontinued Operations [Abstract] |
Schedule of assets and liabilities classified as held for sale | As disclosed in Note 10, the following table provides the details of the Kyrgyzstan assets and liabilities classified as held-for-sale as of December 31, 2024:
| Kyrgyzstan |
Non-current assets |  |
Property and equipment | 34 |  |
Intangible assets excl. goodwill | 11 |  |
Other non-current assets | 3 |  |
Other current assets |  |
Inventories | 1 |  |
Trade and other receivables | 4 |  |
Cash and cash equivalents | 14 |  |
Other current assets | 5 |  |
Total assets held for sale | 72 |  |
Non-current liabilities |  |
Debt and Derivatives | 7 |  |
Other non-current liabilities | 1 |  |
Current liabilities |  |
Trade and other payables | 12 |  |
Other non-financial liabilities | 8 |  |
Total liabilities held for sale | 28 |  |
The following table shows the assets and liabilities disposed of as the sale completion date, September 30, 2024:
| September 30, 2024
Non-current assets |
Property and equipment | 47 |
Intangible assets | 1 |
Deferred tax assets | 2 |
Other non-current assets | 1 |
Current assets |
Trade and other receivables | 32 |
Other current assets | 2 |
Cash and cash equivalents | 2 |
Total assets disposed | 87 |
Non-current liabilities |
Debt and Derivatives | 7 |
Other non-current liabilities | 8 |
Current liabilities |
Trade and other payables | 12 |
Other non-financial liabilities | 10 |
Total liabilities disposed | 37 |
The following table shows the assets and liabilities disposed on October 9, 2023 relating to Russia operations as of:
| October 9, 2023
Non-current assets |
Property and equipment | 3,216 |
Intangible assets excl. goodwill | 386 |
Goodwill | 155 |
Deferred tax assets | 72 |
Other non-current assets | 1,328 |
Current assets |
Inventories | 53 |
Trade and other receivables | 287 |
Other current assets | 839 |
Total assets disposed | 6,336 |
Non-current liabilities |
Debt and Derivatives | 3,641 |
Other non-current liabilities | 26 |
Current liabilities |
Trade and other payables | 494 |
Debt & Derivatives | 233 |
Other non-financial liabilities | 300 |
Total liabilities disposed | 4,694 |
The following table shows the assets and liabilities disposed in 2022 relating to Algeria as of:
| August 5, 2022
Non-current assets |
Property and equipment | 555 |
Intangible assets excl. goodwill | 120 |
Goodwill | 953 |
Deferred tax assets | 35 |
Current assets |
Other current assets | 234 |
Total assets disposed | 1,897 |
Non-current liabilities | 91 |
Current liabilities | 276 |
Total liabilities disposed | 367 |
Schedule of profit/ (loss) and other comprehensive income of discontinued operations | The following table provides the details of loss after tax from discontinued operations and disposals of discontinued operations for the periods ended December 31:
| 2023 | 2022
Russia |  |
Profit / (loss) after tax for the period | 916 |  | (164) |
Loss on disposal | (3,746) |  | — |
Algeria |  |
Profit after tax for the period | — |  | 144 |
Loss on disposal | — |  | (722) |
Total loss after tax from discontinued operations and disposals of discontinued operations | (2,830) |  | (742) |
The following table shows the profit / (loss) and other comprehensive income relating to Russia operations for the periods ended December 31 and as of date of disposal:
Income statement and statement of comprehensive income | October 9, 2023 | 2022
Operating revenue | 2,780 |  | 4,277 |
Operating expenses ** | (1,865) |  | (3,993) |
Other expenses | 42 |  | (424) |
Profit / (loss) before tax for the period | 957 |  | (140) |
Income tax expense | (41) |  | (24) |
Profit / (loss) after tax for the period | 916 |  | (164) |
Other comprehensive loss* | (421) |  | (29) |
Total comprehensive income / (loss) | 495 |  | (193) |
*Other comprehensive income relates to the foreign currency translation of discontinued operations. ** In 2023, operating expenses includes an impairment of US$281 (2022:US$446) against the carrying value of goodwill in Russia. The following table shows the profit and other comprehensive income relating to Algeria operations as of date of disposal:
Income statement and statement of comprehensive income | August 5, 2022
Operating revenue | 378 |
Operating expenses | (212) |
Other expenses | (7) |
Profit before tax for the period | 159 |
Income tax expense | (15) |
Profit after tax for the period | 144 |
Other comprehensive loss* | (65) |
Total comprehensive income | 79 |
*Other comprehensive income is relating to the foreign currency translation of discontinued operations.
Schedule of results of disposal of operations | The following table shows the results for the disposal of TNS+ as of December 31, 2024:
| 2024
Total consideration to be settled in cash | 138 |
Carrying amount of net assets at disposal * | (50) |
Gain on sale before reclassification of foreign currency translation reserve and non-controlling interests | 88 |
Derecognition of non-controlling interest | 22 |
Reclassification of foreign currency translation reserve | (44) |
Gain on disposal of TNS+ | 66 |
* Net assets include US$2 relating to cash and cash equivalents at disposal. The following table shows the results for the disposal of the Russia operations that are accounted for in these financials as of December 31, 2023:
| 2023
Sale consideration * | 1,294 |
Carrying amount of net assets at disposal ** | (1,642) |
De-recognition of non-controlling interest | 16 |
Loss on sale before reclassification of foreign currency translation reserve | (332) |
Reclassifications of: |
foreign currency translation reserve | (3,384) |
net investment hedge reserves | (30) |
| (3,414) |
Net loss on disposal of Russia operations | (3,746) |
*As discussed above, the sale consideration was settled in a non-cash transaction via the transfer of bonds held by Vimpelcom to VEON Holdings’ subsidiary. ** Net assets include US$715 relating to cash and cash equivalents at disposal. The following table shows the results for the disposal of the Algeria operations as of December 31, 2022:
| 2022
Consideration received in cash | 682 |
Carrying amount of net assets at disposal * | (1,530) |
De-recognition of non-controlling interest | 824 |
Loss on sale before reclassification of foreign currency translation reserve | (24) |
Reclassification of foreign currency translation reserve | (698) |
Net loss on disposal of Algeria operations | (722) |
*Net assets include US$175 relating to cash and cash equivalents at disposal
Schedule of information for cash-generating units |
|  | March 31, 2022 ***
Key assumptions – Russia CGU | Explicit forecast period | Terminal period | Combined average *
Discount rate | — | % | — | % | 20.5 | %
Average annual revenue growth rate | 6.2 | % | 1.6 | % | 5.5 | %
Average operating margin | 32.4 | % | 35.0 | % | 32.8 | %
Average CAPEX / revenue ** | 20.3 | % | 18.0 | % | 19.9 | %
* Combined average for 2022 is based on an explicit forecast period consisting of five years forecast plus the latest estimate for 2022 (2022-2027), and terminal period in 2028 (for 2020 being 2021-2025 with terminal period 2026). ** CAPEX excludes licenses and ROU assets. *** The growth rates as of March 31, 2022, in the explicit forecast period and the combined average, were revised to conform the growth rates applied in the calculation of the recoverable amount in the first quarter of 2022. The Group has significant investments in property and equipment, intangible assets, and goodwill. Estimating recoverable amounts of assets and CGUs must, in part, be based on management’s evaluations, including the determination of the appropriate CGUs, the relevant discount rate, estimation of future performance, the revenue-generating capacity of assets, timing and amount of future purchases of property, equipment, licenses and spectrum, assumptions of future market conditions and the long-term growth rate into perpetuity (terminal value). In doing this, management needs to assume a market participant perspective. Changing the assumptions selected by management, in particular, the discount rate, capex intensity, operating margin and growth rate assumptions used to estimate the recoverable amounts of assets, could significantly impact the Group’s impairment evaluation and hence results. A significant part of the Group’s operations is in countries with frontier markets. The political and economic situation in these countries may change rapidly and recession may potentially have a significant impact on these countries. On-going recessionary effects in the world economy, including geopolitical situations and increased macroeconomic risks impact our assessment of cash flow forecasts and the discount rates applied. There are significant variations between different markets with respect to growth, mobile penetration, ARPU, market share and similar parameters, resulting in differences in operating margins. The future development of operating margins is important in the Group’s impairment assessments.

X
- Definition The disclosure of information for cash-generating units. [Refer: Total for all cash-generating units [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2024-01-01 -Paragraph 134 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2024-en-r&anchor=para_134&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Held For Sale and Discontinued Operations [Abstract] + References No definition available. + Details
Name: | vip_HeldForSaleAndDiscontinuedOperationsAbstract
Namespace Prefix: | vip_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Assets and Liabilities Held For Sale + References No definition available. + Details
Name: | vip_ScheduleOfAssetsAndLiabilitiesHeldForSaleTableTextBlock
Namespace Prefix: | vip_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Profit (Loss) and Other Comprehensive Income Held-for-sale + References No definition available. + Details
Name: | vip_ScheduleOfProfitLossAndOtherComprehensiveIncomeHeldForSaleTableTextBlock
Namespace Prefix: | vip_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Results Of Disposal + References No definition available. + Details
Name: | vip_ScheduleOfResultsOfDisposalTableTextBlock
Namespace Prefix: | vip_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration