| Summary of Movements in Leased Right of Use Assets |
Movements in the leased Right of Use assets in 2022 are shown below:
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Buildings |
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Plant and
machinery |
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Industrial
equipment |
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Other
tangible
assets |
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Total |
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(EUR thousand) |
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Cost |
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At January 1, 2021 |
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17,969 |
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8,691 |
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330 |
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9,002 |
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35,992 |
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Additions |
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1,549 |
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|
278 |
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16 |
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1,268 |
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3,111 |
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Disposals |
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(1,437 |
) |
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(199 |
) |
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— |
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(19 |
) |
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(1,655 |
) |
Exchange rate differences |
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|
885 |
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25 |
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— |
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|
50 |
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|
960 |
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At December 31, 2021 |
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18,966 |
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8,795 |
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|
346 |
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10,301 |
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38,408 |
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Additions |
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1,554 |
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— |
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— |
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1,371 |
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2,925 |
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Disposals |
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(610 |
) |
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— |
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— |
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(137 |
) |
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(747 |
) |
Exchange rate differences |
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|
608 |
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|
20 |
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— |
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|
16 |
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|
644 |
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At December 31, 2022 |
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20,518 |
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8,815 |
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|
346 |
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11,551 |
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41,230 |
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Depreciation |
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At January 1, 2021 |
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4,561 |
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2,382 |
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|
131 |
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3,538 |
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10,612 |
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Depreciation charge for the year |
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2,579 |
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1,546 |
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|
71 |
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2,006 |
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6,202 |
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Disposals |
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(1,308 |
) |
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(26 |
) |
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— |
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(3 |
) |
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(1,337 |
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Exchange rate differences |
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207 |
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3 |
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— |
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31 |
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241 |
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At December 31, 2021 |
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6,039 |
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3,905 |
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202 |
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5,572 |
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15,718 |
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Depreciation charge for the year |
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2,658 |
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1,553 |
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|
72 |
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2,041 |
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6,324 |
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Disposals |
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(131 |
) |
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— |
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— |
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(87 |
) |
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(218 |
) |
Exchange rate differences |
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109 |
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3 |
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— |
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|
5 |
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|
117 |
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At December 31, 2022 |
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8,675 |
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5,461 |
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|
274 |
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7,531 |
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21,941 |
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Net book value |
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At December 31, 2022 |
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11,843 |
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3,354 |
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|
72 |
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4,020 |
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19,289 |
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At December 31, 2021 |
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12,927 |
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4,890 |
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|
143 |
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4,729 |
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22,690 |
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| Summary of Carrying Amounts of Lease Liabilities |
Set out below are the carrying amounts of lease liabilities (included under interest-bearing loans and borrowings) and the movements during the period:
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2022 |
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2021 |
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(EUR thousand) |
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At January 1 |
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23,127 |
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25,621 |
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Additions |
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2,866 |
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2,837 |
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Accretion of interest |
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573 |
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|
585 |
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Payments |
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(6,595 |
) |
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(6,498 |
) |
Early terminated contracts |
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(527 |
) |
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(150 |
) |
Exchange rate difference |
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|
538 |
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|
732 |
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At December 31 |
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19,982 |
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23,127 |
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Current |
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5,325 |
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5,553 |
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Non-current |
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14,657 |
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17,574 |
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| Summary of Amounts Recognized in Profit or Loss |
The following are the amounts recognized in profit or loss:
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For the year ended December 31, |
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2022 |
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2021 |
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2020 |
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(EUR thousand) |
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Depreciation expense of Right of Use assets |
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6,325 |
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6,202 |
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5,956 |
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Interest expense on lease liabilities |
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573 |
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|
585 |
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|
624 |
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Expense relating to short-term leases |
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1,673 |
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1,252 |
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1,901 |
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Expense relating to leases of low-value assets |
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3,968 |
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5,180 |
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|
3,744 |
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Total amount recognized in profit or loss |
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|
12,539 |
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13,219 |
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12,225 |
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