Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Presentation Of Leases For Lessee [Abstract]  
Summary of Movements in Leased Right of Use Assets

Movements in the leased Right of Use assets in 2021 are shown below:

 

(EUR thousand)

 

Buildings

 

 

Plant and
machinery

 

 

Industrial
equipment

 

 

Other
tangible
assets

 

 

Total

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At January 1, 2020

 

 

16,239

 

 

 

6,930

 

 

 

330

 

 

 

7,694

 

 

 

31,193

 

Additions

 

 

2,602

 

 

 

1,761

 

 

 

 

 

 

1,347

 

 

 

5,710

 

Exchange rate differences

 

 

(872

)

 

 

 

 

 

 

 

 

(39

)

 

 

(911

)

At December 31, 2020

 

 

17,969

 

 

 

8,691

 

 

 

330

 

 

 

9,002

 

 

 

35,992

 

Additions

 

 

1,549

 

 

 

278

 

 

 

16

 

 

 

1,268

 

 

 

3,111

 

Disposals

 

 

(1,437

)

 

 

(199

)

 

 

 

 

 

(19

)

 

 

(1,655

)

Exchange rate differences

 

 

885

 

 

 

25

 

 

 

 

 

 

50

 

 

 

960

 

At December 31, 2021

 

 

18,966

 

 

 

8,795

 

 

 

346

 

 

 

10,301

 

 

 

38,408

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At January 1, 2020

 

 

2,234

 

 

 

852

 

 

 

65

 

 

 

1,703

 

 

 

4,854

 

Depreciation charge for the year

 

 

2,523

 

 

 

1,515

 

 

 

66

 

 

 

1,852

 

 

 

5,956

 

Exchange rate differences

 

 

(196

)

 

 

15

 

 

 

 

 

 

(17

)

 

 

(198

)

At December 31, 2020

 

 

4,561

 

 

 

2,382

 

 

 

131

 

 

 

3,538

 

 

 

10,612

 

Depreciation charge for the year

 

 

2,579

 

 

 

1,546

 

 

 

71

 

 

 

2,006

 

 

 

6,202

 

Disposals

 

 

(1,308

)

 

 

(26

)

 

 

 

 

 

(3

)

 

 

(1,337

)

Exchange rate differences

 

 

207

 

 

 

3

 

 

 

 

 

 

31

 

 

 

241

 

At December 31, 2021

 

 

6,039

 

 

 

3,905

 

 

 

202

 

 

 

5,572

 

 

 

15,718

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net book value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2021

 

 

12,927

 

 

 

4,890

 

 

 

143

 

 

 

4,729

 

 

 

22,690

 

At December 31, 2020

 

 

13,408

 

 

 

6,309

 

 

 

199

 

 

 

5,464

 

 

 

25,380

 

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:

 

(EUR thousand)

 

2021

 

 

2020

 

At January 1

 

 

25,621

 

 

 

26,140

 

Additions

 

 

2,837

 

 

 

5,599

 

Accretion of interest

 

 

585

 

 

 

624

 

Payments

 

 

(6,498

)

 

 

(5,906

)

Early terminated contracts

 

 

(150

)

 

 

 

Exchange rate difference

 

 

732

 

 

 

(836

)

At December 31

 

 

23,127

 

 

 

25,621

 

 

 

 

 

 

 

 

Current

 

 

5,553

 

 

 

5,435

 

Non-current

 

 

17,574

 

 

 

20,186

 

Summary of Amounts Recognized in Profit or Loss

The following are the amounts recognized in profit or loss:

 

 

 

For the years ended December 31,

 

(EUR thousand)

 

2021

 

 

2020

 

 

2019

 

Depreciation expense of Right of Use assets

 

 

6,202

 

 

 

5,956

 

 

 

4,861

 

Interest expense on lease liabilities

 

 

585

 

 

 

624

 

 

 

626

 

Expense relating to short-term leases

 

 

1,252

 

 

 

1,901

 

 

 

481

 

Expense relating to leases of low-value assets

 

 

5,180

 

 

 

3,744

 

 

 

3,815

 

Total amount recognized in profit or loss

 

 

13,219

 

 

 

12,225

 

 

 

9,783