| Summary of Movements in Leased Right of Use Assets |
Movements in the leased right of use assets are shown below:
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Buildings |
|
|
Plant and
machinery |
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|
Industrial
equipment |
|
|
Other
tangible
assets |
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|
Total |
|
|
|
(EUR thousand) |
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At January 1, 2023 |
|
|
20,518 |
|
|
|
8,815 |
|
|
|
346 |
|
|
|
11,551 |
|
|
|
41,230 |
|
Acquisition of Perugini S.r.l. |
|
|
— |
|
|
|
1,085 |
|
|
|
— |
|
|
|
80 |
|
|
|
1,165 |
|
Additions |
|
|
3,112 |
|
|
|
— |
|
|
|
— |
|
|
|
1,686 |
|
|
|
4,798 |
|
Disposals |
|
|
(139 |
) |
|
|
— |
|
|
|
— |
|
|
|
(63 |
) |
|
|
(202 |
) |
Exchange rate differences |
|
|
(471 |
) |
|
|
(12 |
) |
|
|
— |
|
|
|
1 |
|
|
|
(482 |
) |
At December 31, 2023 |
|
|
23,020 |
|
|
|
9,888 |
|
|
|
346 |
|
|
|
13,255 |
|
|
|
46,509 |
|
Additions |
|
|
2,456 |
|
|
|
17 |
|
|
|
— |
|
|
|
1,715 |
|
|
|
4,188 |
|
Disposals |
|
|
(231 |
) |
|
|
— |
|
|
|
— |
|
|
|
(190 |
) |
|
|
(421 |
) |
Exchange rate differences |
|
|
720 |
|
|
|
21 |
|
|
|
— |
|
|
|
(70 |
) |
|
|
671 |
|
At December 31, 2024 |
|
|
25,965 |
|
|
|
9,926 |
|
|
|
346 |
|
|
|
14,710 |
|
|
|
50,947 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At January 1, 2023 |
|
|
8,675 |
|
|
|
5,461 |
|
|
|
274 |
|
|
|
7,531 |
|
|
|
21,941 |
|
Acquisition of Perugini S.r.l. |
|
|
— |
|
|
|
356 |
|
|
|
— |
|
|
|
74 |
|
|
|
430 |
|
Depreciation charge for the year |
|
|
2,873 |
|
|
|
1,480 |
|
|
|
48 |
|
|
|
1,846 |
|
|
|
6,247 |
|
Disposals |
|
|
(98 |
) |
|
|
— |
|
|
|
— |
|
|
|
(60 |
) |
|
|
(158 |
) |
Exchange rate differences |
|
|
(186 |
) |
|
|
(6 |
) |
|
|
— |
|
|
|
(8 |
) |
|
|
(200 |
) |
At December 31, 2023 |
|
|
11,264 |
|
|
|
7,291 |
|
|
|
322 |
|
|
|
9,383 |
|
|
|
28,260 |
|
Depreciation charge for the year |
|
|
3,611 |
|
|
|
1,468 |
|
|
|
6 |
|
|
|
1,807 |
|
|
|
6,892 |
|
Disposals |
|
|
(100 |
) |
|
|
— |
|
|
|
— |
|
|
|
(151 |
) |
|
|
(251 |
) |
Reclassifications |
|
|
— |
|
|
|
(18 |
) |
|
|
18 |
|
|
|
— |
|
|
|
— |
|
Exchange rate differences |
|
|
325 |
|
|
|
15 |
|
|
|
— |
|
|
|
(30 |
) |
|
|
310 |
|
At December 31, 2024 |
|
|
15,100 |
|
|
|
8,756 |
|
|
|
346 |
|
|
|
11,009 |
|
|
|
35,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2024 |
|
|
10,865 |
|
|
|
1,170 |
|
|
|
— |
|
|
|
3,701 |
|
|
|
15,736 |
|
At December 31, 2023 |
|
|
11,756 |
|
|
|
2,597 |
|
|
|
24 |
|
|
|
3,872 |
|
|
|
18,249 |
|
|
| Summary of Carrying Amounts of Lease Liabilities |
Set out below are the carrying amounts of lease liabilities and the movements during the period:
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
2023 |
|
|
|
(EUR thousand) |
|
At January 1 |
|
|
18,945 |
|
|
|
19,982 |
|
Additions |
|
|
4,188 |
|
|
|
4,589 |
|
Acquisition of Perugini S.r.l. |
|
|
— |
|
|
|
621 |
|
Accretion of interest |
|
|
759 |
|
|
|
581 |
|
Payments |
|
|
(7,235 |
) |
|
|
(6,521 |
) |
Early terminated contracts |
|
|
(162 |
) |
|
|
(22 |
) |
Exchange rate difference |
|
|
406 |
|
|
|
(285 |
) |
At December 31 |
|
|
16,901 |
|
|
|
18,945 |
|
|
|
|
|
|
|
|
Current |
|
|
5,092 |
|
|
|
5,841 |
|
Non-current |
|
|
11,809 |
|
|
|
13,104 |
|
|
| Summary of Amounts Recognized in Profit or Loss |
The following are the amounts recognized in profit or loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
|
(EUR thousand) |
|
Depreciation expense of right of use assets |
|
|
6,892 |
|
|
|
6,247 |
|
|
|
6,325 |
|
Interest expense on lease liabilities |
|
|
759 |
|
|
|
581 |
|
|
|
573 |
|
Expense relating to short-term leases |
|
|
1,392 |
|
|
|
2,118 |
|
|
|
1,673 |
|
Expense relating to leases of low-value assets |
|
|
5,172 |
|
|
|
4,749 |
|
|
|
3,968 |
|
Total amount recognized in profit or loss |
|
|
14,215 |
|
|
|
13,695 |
|
|
|
12,539 |
|
|