| Summary of Balances in Financial Debt |
Total financial liabilities are EUR 219,161 thousand and EUR 248,491 thousand as of December 31, 2022 and as of December 31, 2021 respectively; the balances in financial debt are as follows:
|
|
|
|
|
|
|
|
|
|
|
At December 31, |
|
|
At December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
(EUR thousand) |
|
Lease liabilities - Right of Use |
|
|
5,325 |
|
|
|
5,553 |
|
Bank overdrafts |
|
|
13,245 |
|
|
|
37 |
|
Bank loans |
|
|
50,518 |
|
|
|
36,195 |
|
Financial liabilities due to related parties |
|
|
871 |
|
|
|
940 |
|
Fair value of derivatives |
|
|
— |
|
|
|
1,681 |
|
Financial liabilities due to other lenders |
|
|
795 |
|
|
|
1,789 |
|
Total current financial liabilities |
|
|
70,754 |
|
|
|
46,195 |
|
|
|
|
|
|
|
|
Lease liabilities - Right of Use |
|
|
14,657 |
|
|
|
17,574 |
|
Bank loans |
|
|
84,069 |
|
|
|
134,367 |
|
Notes |
|
|
49,681 |
|
|
|
49,620 |
|
Financial liabilities due to other lenders |
|
|
— |
|
|
|
735 |
|
Total non-current financial liabilities |
|
|
148,407 |
|
|
|
202,296 |
|
|
|
|
|
|
|
|
Financial Liabilities |
|
|
219,161 |
|
|
|
248,491 |
|
|
| Summary of Maturities and Average Interest Rates for Liabilities to Banks and Other Lenders |
The following table shows maturities and average interest rates for liabilities to banks and other lenders:
As at December 31, 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency |
|
Amount |
|
Maturity |
|
Average
Interest Rate |
|
Amount in EUR |
Bank Loans |
|
EUR |
|
50,680 |
|
2023 |
|
1.21% |
|
50,680 |
|
|
EUR |
|
51,664 |
|
2024 |
|
1.17% |
|
51,664 |
|
|
EUR |
|
24,394 |
|
2025 |
|
1.09% |
|
24,394 |
|
|
EUR |
|
7,488 |
|
2026 |
|
1.71% |
|
7,488 |
|
|
EUR |
|
591 |
|
2027 |
|
1.16% |
|
591 |
Amortized Cost |
|
EUR |
|
(230) |
|
2023-2027 |
|
|
|
(230) |
Total Bank Loans |
|
|
|
|
|
|
|
|
|
134,587 |
|
|
|
|
|
|
|
|
|
|
|
Notes |
|
EUR |
|
25,000 |
|
2027 |
|
1.40% |
|
25,000 |
|
|
EUR |
|
25,000 |
|
2028 |
|
1.40% |
|
25,000 |
Amortized Cost |
|
EUR |
|
(319) |
|
2023-2028 |
|
|
|
(319) |
Total Notes |
|
|
|
|
|
|
|
|
|
49,681 |
|
|
|
|
|
|
|
|
|
|
|
Overdrafts |
|
DKK |
|
98,488 |
|
2023 |
|
1.25% |
|
13,244 |
|
|
|
|
|
|
|
|
|
|
|
Total Bank Loans and Overdrafts |
|
|
|
|
|
|
|
|
|
197,512 |
As at December 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency |
|
Amount |
|
Maturity |
|
Average
Interest Rate |
|
Amount in EUR |
Bank Loans |
|
EUR |
|
36,357 |
|
2022 |
|
1.20% |
|
36,357 |
|
|
EUR |
|
50,461 |
|
2023 |
|
1.24% |
|
50,461 |
|
|
EUR |
|
51,664 |
|
2024 |
|
1.28% |
|
51,664 |
|
|
EUR |
|
24,393 |
|
2025 |
|
1.33% |
|
24,393 |
|
|
EUR |
|
7,488 |
|
2026 |
|
1.39% |
|
7,488 |
|
|
EUR |
|
592 |
|
2027 |
|
1.40% |
|
592 |
Amortized Cost |
|
EUR |
|
(393) |
|
2022-2027 |
|
|
|
(393) |
Total Bank Loans |
|
|
|
|
|
|
|
|
|
170,562 |
|
|
|
|
|
|
|
|
|
|
|
Notes |
|
EUR |
|
25,000 |
|
2027 |
|
1.40% |
|
25,000 |
|
|
EUR |
|
25,000 |
|
2028 |
|
1.40% |
|
25,000 |
Amortized Cost |
|
EUR |
|
(380) |
|
2022-2028 |
|
|
|
(380) |
Total Notes |
|
|
|
|
|
|
|
|
|
49,620 |
|
|
|
|
|
|
|
|
|
|
|
Overdrafts |
|
DKK |
|
275 |
|
2022 |
|
1.25% |
|
37 |
|
|
|
|
|
|
|
|
|
|
|
Total Bank Loans and Overdrafts |
|
|
|
|
|
|
|
|
|
220,219 |
|