| Summary of Movements in Leased Right of Use Assets |
Movements in the leased Right of Use assets in 2021 are shown below:
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(EUR thousand) |
|
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 |
|
Cost |
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At January 1, 2020 |
|
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16,239 |
|
|
|
6,930 |
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|
|
330 |
|
|
|
7,694 |
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|
|
31,193 |
|
Additions |
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2,602 |
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|
|
1,761 |
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|
|
— |
|
|
|
1,347 |
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|
|
5,710 |
|
Exchange rate differences |
|
|
(872 |
) |
|
|
— |
|
|
|
— |
|
|
|
(39 |
) |
|
|
(911 |
) |
At December 31, 2020 |
|
|
17,969 |
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|
|
8,691 |
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|
|
330 |
|
|
|
9,002 |
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|
|
35,992 |
|
Additions |
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|
1,549 |
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|
|
278 |
|
|
|
16 |
|
|
|
1,268 |
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|
3,111 |
|
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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|
50 |
|
|
|
960 |
|
At December 31, 2021 |
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|
18,966 |
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|
|
8,795 |
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|
|
346 |
|
|
|
10,301 |
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|
38,408 |
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Depreciation |
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|
|
|
|
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|
|
|
|
|
|
|
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At January 1, 2020 |
|
|
2,234 |
|
|
|
852 |
|
|
|
65 |
|
|
|
1,703 |
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|
4,854 |
|
Depreciation charge for the year |
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|
2,523 |
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|
|
1,515 |
|
|
|
66 |
|
|
|
1,852 |
|
|
|
5,956 |
|
Exchange rate differences |
|
|
(196 |
) |
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|
15 |
|
|
|
— |
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(17 |
) |
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(198 |
) |
At December 31, 2020 |
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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 |
) |
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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Net book value |
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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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At December 31, 2020 |
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13,408 |
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6,309 |
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|
199 |
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|
5,464 |
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|
25,380 |
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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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(EUR thousand) |
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2021 |
|
|
2020 |
|
At January 1 |
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25,621 |
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|
26,140 |
|
Additions |
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2,837 |
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|
|
5,599 |
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Accretion of interest |
|
|
585 |
|
|
|
624 |
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Payments |
|
|
(6,498 |
) |
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|
(5,906 |
) |
Early terminated contracts |
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(150 |
) |
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|
— |
|
Exchange rate difference |
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|
732 |
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|
|
(836 |
) |
At December 31 |
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23,127 |
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25,621 |
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|
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Current |
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5,553 |
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|
5,435 |
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Non-current |
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17,574 |
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|
20,186 |
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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 years ended December 31, |
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(EUR thousand) |
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2021 |
|
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2020 |
|
|
2019 |
|
Depreciation expense of Right of Use assets |
|
|
6,202 |
|
|
|
5,956 |
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|
4,861 |
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Interest expense on lease liabilities |
|
|
585 |
|
|
|
624 |
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|
626 |
|
Expense relating to short-term leases |
|
|
1,252 |
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|
1,901 |
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|
|
481 |
|
Expense relating to leases of low-value assets |
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|
5,180 |
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|
3,744 |
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|
3,815 |
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Total amount recognized in profit or loss |
|
|
13,219 |
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|
12,225 |
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|
9,783 |
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