XML 77 R50.htm IDEA: XBRL DOCUMENT v3.25.1
INTANGIBLE ASSETS (Tables)
 12 Months Ended
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 valueTelecommuni-cation licenses, frequencies & permissionsSoftwareBrands and trademarksCustomer relationshipsOther intangible assetsGoodwillTotal
As of January 1, 20231,334 169 7 54 2 394 1,960 
Additions4 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, 20231,026 193 4 42 5 349 1,619 
Additions35 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, 2024903 210 1 36 22 338 1,510 
Cost1,865 658 157 277 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 adjustmentTransfer and reclassificationDecember 31,
2023
Pakistan183 4 — 179 
Kazakhstan112 (17)— 129 
Ukraine14 (2)6 10 
Uzbekistan29 (2)— 31 
Total338 (17)6 349 
* There is no goodwill allocated to the CGUs of Bangladesh or Kyrgyzstan.
CGU*December 31,
2023		Translation adjustmentDecember 31,
2022
Pakistan179 (44)223 
Kazakhstan129 2 127 
Ukraine10 — 10 
Uzbekistan31 (3)34 
Total349 (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:
20242023
Less than 1 year
178139
Total commitments
178139
Capital commitments for the future purchase of intangible assets are as follows as of December 31:
20242023
Less than 1 year
159 
Total commitments
159 
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 assetsEquivalent 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 assetUseful 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