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   "value": "Otovo in briefOtovo\u2019s  mission  is  to  put  solar  panels  onevery  roof  and  batteries  in  every  home  inEurope by creating an easy, trustworthy andaffordable  way  to  go  solar.  Through  itspan-European marketplace Otovo connectsconsumers wanting to add batteries or solarpanels  to  their  homes  with  local,  reliableinstaller companies looking to fill their orderbook with projects.By entering their home address on the localOtovo  website,  customers  obtain  proposeddesign and price  for their solar  and batteryinstallation in real-time, based on automaticoffers from Otovo's network of installers. Theinstallations  are  offered  through  directpayment  or  subscription.  An  increasingshare  of  Otovo\u2019s  customers  choose  asubscription,  where  they  enter  into  a20-year customer relationship with Otovo.Through  its  activities,  Otovo  contributes  tomaking  the  European  electricity  grid  bothgreener  and  more  robust  by  providingconflict-free  energy,  replacing  greenhousegas  emissions  over  the  solar  installation\u2019slifetime, expected to be 30 years or more.Founded in 2016, Otovo has rapidly scaled itsplatform  across  Europe  and  it  is  currentlyoperating  in  13  countries:  Austria,  Belgium,France,  Germany,  Italy,  the  Netherlands,Norway,  Poland,  Portugal,  Spain,  Sweden,Switzerland, the UKOtovo  is  headquartered  in  Oslo  and  theGroup has  local offices  in all of its markets,with  an  expanding  team  of  dedicated  andexperienced  Otovistas  who  obsess  aboutour  customers  every  day  and  are  excitedabout Otovo\u2019s vision of leading Europe into aclean, electrified future.",
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   "value": "Directors\u2019 reportIn 2022 Otovo completed its pan-European expansion. Throughout the year, the company expanded from presence in seven markets at the beginning of the year to 13 markets at year end. 2022 was also a breakthrough year for Subscriptions. More than one out of three Otovo customers choose the Subscription product, resulting in deployment volumes increasing substantially throughout the year.Solar  and  battery  demand  strengthened  in  the first  three  quarters  of  the  year  due  to  the unprecedented spike in electricity prices, driven by  the  war  in  Ukraine.  As  power  prices  came down  from  historically  elevated  levels  in  the fourth  quarter,  demand  moved  in  a  softer direction but remained strong. As  a  result  of  the  continued  expansion  and strong  demand,  the  company  continued  itssolid  financial  growth  where  revenues  more than  doubled.  With  the  launch  of  6  markets  in 2022 that are still picking up pace, the prospects for further strong growth remain good. StrategyOtovo\u2019s overall ambition  is  to  become  Europe\u2019s number  one  provider  of  solar  energy  and batteries  to  private  households.  The  key priorities to achieve this is 1. Build out Otovo\u2019s marketplace across 13European markets.  Otovo will  drive more and  more  markets  to  profitability  byimproving unit economics and increasingvolumes.2. Continue  to  scale  the  Subscription business.  Subscription  customers  are 2-3x  more  valuable  than  direct  salescustomers. Ensuring that the Subscriptionbusiness  is  competitively  financed  andalso  prove  Otovo\u2019s  ability  to  monetizeparts of the portfolio to third parties with alower cost of capital remain key.3. Grid  services  and  VPPs:  Monetize  the flexible  energy  assets.  Every  day  Otovo puts solar systems and batteries in homesacross Europe. These  energy  assets haveinherent  flexibility  that  is  of  increasingvalue  in  a  power  grid  with  moreintermittent  production.  As  such  Otovoshould  be  in  a  position  to  monetize  theflexibility  from  the  energy  assets  that  thecompany owns. Refer  to  the  strategic  review  for  more information.Corporate governance and sustainabilityCorporate  governance  in  Otovo  concerns  how the  Board  of  Directors  and  the  Management operate  to  ensure  confidence  in  the  value creation  in  Otovo  over  time  for  our  customers, shareholders,  employees  and  other stakeholders.  The  Audit  Committee  supports the  Board  of  Directors  in  the  oversight  of Corporate  governance  and  Compliance  and reviews  these  factors  with  management  on  a regular  basis.  See  the  corporate  governance report for more information.Sustainability  ensures  the  company's  positive impact  on  the  environment  and  society,  while minimising  any  negative  impact.  By  delivering solar  systems  across  Europe,  generating  clean electricity  harvested  from  the  sun,  Otovo\u2019s business  is  at  the  core  of  the  energy  transition that  will  take  place  in  Europe  in  the  coming decades,  to  reduce  greenhouse  gas  emissions and achieve the Paris agreement targets. With  the  Norwegian  Transparency  Act  entering into  force  in  July  2022,  Otovo  has  adopted  an approach to human rights due diligence in line with OECDs Guidelines  for Responsible Business Conduct. Exposure to human rights violations in the Xinjiang  region of China,  through upstream input  factors  (polysilicon)  and  subsequent  low traceability  along  the  supply  chain,  are considered  Otovo\u2019s  most  salient  risks.  See  the Sustainability report included  in  this  report and as made available in the form of this report on investors.otovo.comRisk managementProcedures  for  risk  management  in  Otovo  are governed  by  the  Group\u2019s  risk  management policy.  The  ultimate  responsibility  for  risk management lies with the Board who is assisted in  the  follow-up  by  the  Audit  Committee, whereas  the  CEO  has  the  responsibility  for establishing  sufficient  risk  management processes  and  controls,  ensuring  that  they  are executed  as  intended,  adjusted  if  needed,  and that necessary mitigation actions are in place to reflect  the  risk  situation  at  any  given  point  in time. The  major risks of  the group  are reviewed on a regular basis.See  the  Risk  management  section  for  more information.Financial review of 2022The  Group  has  since  2021  reported  its consolidated  financial  statements  in accordance  with  International  Financial Reporting  Standards  (IFRS)  as  endorsed  by  the European Union (EU). In its  financial statements the  Group reports  on two  operating  segments.  One,  the  Direct Purchase  segment  comprising  the  Group\u2019s activities  where  the  consumer  pays  directly  for the  PV  or  battery  system.  Two,  the  Subscription segment  where  the  customer  enters  into  a longer  term  agreement  such  as  leases,  service agreements,  etc.,  relating  to  PV  or  battery system. The activities in the Subscription segment arises from  the  purchase  of  European  Distributed Energy  Assets  Holding  AS  that  has  been consolidated into the Group accounts under its own separate segment since 8 December 2021.  Income statementThe revenues in 2022 were NOK 652 million, 125% above  the  NOK  289  million  revenues  previous year,  mainly  driven  by  substantial  contribution from  the  new  markets  launched  in  2021, Germany  and  Italy.  In  addition,  all  existing markets grew significantly in 2022 as a result of underlying  market  growth  and  also  Otovo increasing its market share. This was supported by  the  average  purchase  price  (ticket  size) increasing as customers bought larger systems, with a  higher  attachment rate of  batteries  and that the hardware prices for solar systems and batteries increased. million,  compared  to  NOK  240  million  last  year. The increase is linked to the increase in revenue. The  underlying  improvement  in  gross  profit margin is strong but is diluted by entries in new markets.  Gross  profit  margins  are  gradually increased after new country launches, as more installers  are  on-  boarded  to  the  platform, competing  against  each  other  to  deliver projects  and  driving  cost  down,  and  the  Otovo brand has gained a position in the market.Payroll and related costs increased from NOK 114 million  in  2021  to  NOK  219  million  in  2022,  an increase  of  92%,  of  which  NOK  9  million  of  the growth  is  related  to  share-based  payment programs.  The  remaining  increase  in  costs  is explained  by  launch  in  new  markets  and expansion  in  current  markets,  in  addition  to strengthening  of  Group  functions,  facilitating future growth.Depreciation,  amortisation  and  impairment ended  at  NOK  64  million,  up  97%  from  NOK  22 million in 2021.  The  increase  is  primarily related to  development  of  the  Otovo  Cloud,  combined with  amortisation  of  excess  values  from  the acquisition of EDEA.The  change  in  net  financial  items  for  2022  of NOK  1.5  million  is  primarily  attributable  to increase  in  loss  from  equity  accounted investments  partially  offset  by  gains  on currency.Financial PositionTotal assets increased by NOK 275 million to NOK 937  million.  The  increase  is  funded  with  equity raised  in  the  private  placement  conducted  in February  2022.  as  well  as  drawing  on  the  debt facility the Group had in place with Nordea. A large share of the increase is related to Otovo Cloud.  This  is  an  internally-generated  software that is used as the interface with customers and installers.  The  software  enables  installers  to price, as well as for Otovo to calculate the price for,  various  options  of  solar  panels  directly  on the Group\u2019s websites. Furthermore, a production potential  is  calculated  together  with  estimated annual  power  savings.  The  software  needs continuous  development  and  a  proportion  of hours and  costs related to this is  capitalised in the balance sheet as an intangible asset. Otovo expects  that  development  activities  will increase in scope during 2023, as the company adds more products and new functionality both for customers, installers and internal users of the platform.The increase in assets is largely explained by an increase in property, plant and equipment related to  the  Groups  Subscription  segment.  In  addition,  the  increase  in  current  assets  is  driven  by accumulation  of  Italian  Tax  Credits  held  on  the  balance  sheet  as  a  result  of  the  Group\u2019s  Italian operations which is further explained in the notes to the financial statements.CashflowNet  cash  flow  from  operating  activities  was  negative  by  NOK  267  million  in  2022,  compared  to  a negative  NOK  136  million  in  2021,  the  change  reflects  the  increase  in  operating  losses  due  to expansion to new markets and scaling the business for future growth; this was partly offset by an improvement in working capital.Net cash outflow from investing activities was NOK 178 million in 2022. This was primarily driven by investments  in  our  Subscription  segment,  our  software  platform  Otovo  Cloud  as  well  as  in  our Brazilian associated company Holu (that was disposed of in 2023).Net cash inflow from financing activities was NOK 417 million in 2022, compared to NOK 248 million in 2021. This increase is primarily explained by the cash raised in a primary placement in February as well as draw on debt from the debt facility the Group had in place with Nordea.Review  of  the  parent  company\u2019s  financial statementsThe  annual  accounts  for  the  parent  company have  been  prepared  according  to  Norwegian Generally  Accepted  Accounting  Principles (NGAAP).Otovo ASA is the parent company in  the Otovo Group.Otovo ASA had NOK 247 million in total revenues in 2022, an increase of NOK 151 million from the previous  year.  The  increase  in  revenues  was driven  by  a  market  reacting  to  hikes  in electricity prices in Norway. Cost  of  goods  sold increased  less  than  the  revenues  resulting  in higher  margin.  Other  operating  expenses  and payroll  and  related  costs  have  primarily increased  as  a  result  of  head  office  costs incurred  for  expansion  to  new  markets  and launch of new products.The result for the year ended at a loss of NOK 64 million compared with a loss of NOK 74 million in 2020.At the end of the year, Otovo ASA had assets of NOK  981  million  and  bank  deposits  of  NOK  46 million.  At  the  end  of  the  year,  Otovo  ASA  had total  equity  of  NOK  877  million.  The  increase compared  with  last  year  is  primarily  due  to equity  raised  through  a  private  placement  in February 2022.The  Company\u2019s  liquidity  situation,  ability  to finance  future  investments,  meeting  its obligation  and  the  solidity  of  the  parent company are adequate and satisfactory.Directors and officers liability insuranceThe  Group  has  a  Directors  and  Officers  liability insurance  with  AIG  with  coverage  of  NOK  100 million  per  instance  and  accumulated  for  a year. Subsequent eventsDebt and equity financingOn 25 January 2023, Otovo announced the successful refinancing of the Company's subscription asset special purpose vehicle of up to NOK 1.1 billion of debt. In addition the company announced  a fully guaranteed NOK 200 million private placement in Otovo ASA. The proceeds would be used to be  able  to  fully  utilize  the  new  debt  facility.  The  debt  facility  consists  of  EUR  50  million  revolving credit facility with EUR 50 million uncommitted accordion option with DNB Bank ASA and Sparebank 1 SR-bank ASA. Due to significant interest, the private placement was extended to up to NOK 250 million, and the private placement of NOK 250 million was successfully placed later that day and approved at an extraordinary general meeting on 9 February 2023. Transfer to Oslo B\u00f8rs from Euronext GrowthOn  7  February,  Otovo  sent  an  application  for  transfer  of  shares  admitted  to  trading  on  Euronext Growth to Oslo B\u00f8rs. This was in line with the intentions made by the Board of Directors in February 2022 to uplist to the main list on Oslo B\u00f8rs. Oslo B\u00f8rs approved the application on 10 February 2023. Otovo was transferred to the main list on 14 February 2023. Sale of HoluOtovo  announced  on  21  December  2022  that  Gera  acquired  Otovo's  share  of  the  associated company  Holu  in  Brazil.  The  contract  was  signed  on  2  February  2023  and  the  sale  closed  on  3 February 2023. The sale of Holu will result in a gain on disposal of associated company of approx. NOK 17 million with a positive cash effect of NOK 24 million to be reported in Q1 2023.Change in the Italian Ecobonus programThe Italian Government passed a regulation on 16 February 2023. The regulation removes the Italian consumer's  possibility  to  sell  tax  credits  obtained  from  home  improvements,  such  as  solar  and battery installations,  to  third parties. The  new regulation came  into  effect already  on  17 February 2023.  Before  the  new  regulation,  consumers  could  choose  to  settle  50%  of  the  purchase  price through sale of their tax credit receivable. This was chosen by the majority of the Italian consumers and fuelled the Italian solar market. Going forward, consumers will have to deduct the tax credits towards personal income taxes over ten years. Although  the  exact  effect  of  this  is  uncertain,  management  assesses  the  situation  to  have  a negative impact on the Group sales and slow down the installation pace. Additionally, the Group may experience a higher rate of abandoned projects as there is uncertainty about the impact on projects in pipeline and in installation phase. Management believes that the tax credit receivable on the Group's balance sheet will not be impacted by the changes in regulations and the Group will continue to be able to sell these receivables to Italian banks. Annual profits and distributionsThe result for the year in Otovo ASA was a loss of NOK 64 million. The board proposes to transfer this from other equity. The board proposes that no dividend is distributed for the financial year 2022.After  the  transfer,  Otovo  ASA  will  have  an  equity  as  of  31  December  2022  of  NOK  877  million, corresponding to an equity ratio of 89.3%, while the Group has an equity of NOK 531 million and an equity ratio of 56.7%.Going concernThe Board  of  Directors is of  the opinion that  the  Group will  have  adequate financial  strength  and flexibility to provide sufficient support to operations in subsidiaries and meet the Group\u2019s targets for 2023. The Board of Directors confirms that the prerequisites for the going concern assumption exists and the financial statements have been prepared based on a going concern basis in accordance with the Norwegian Accounting Act.Outlook for 2023The  Group  entered  2023  with  a  pipeline  of  4615  projects  which  makes  us  confident  that  we  can double the number of installations in the 1st half versus 1st half of last year. With this growth we also expect that 6 markets will be EBITDA generated positive before group cost by the end of 1st half. The outlook for the second half will be dependent on development of sales in the 1st half of the year.",
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    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
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  },
  "f18144": {
   "value": "13434000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShareIssueRelatedCost",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
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  "f18147": {
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   "value": "13434000",
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  "f18158": {
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  "f18178": {
   "value": "19066000",
   "decimals": -3,
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    "entity": "scheme:213800GFRKV96MLT9G04",
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  "f18189": {
   "value": "10249000",
   "decimals": -3,
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    "entity": "scheme:213800GFRKV96MLT9G04",
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    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
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   "value": "0",
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   "decimals": -3,
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    "entity": "scheme:213800GFRKV96MLT9G04",
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    "entity": "scheme:213800GFRKV96MLT9G04",
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  },
  "s8_notes__6__14": {
   "value": "Otovo  ASA",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__5": {
   "value": "Otovo  ASA",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__9": {
   "value": "Torggata 7, 0181 Oslo.",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
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  "s8_notes__6__18": {
   "value": "Note 1. General information and basis for preparationGeneral informationOtovo  ASA,  the  parent  company  of  the  Otovo  Group  is  a  public  limited  liability  company incorporated and domiciled in Norway, with its head office in Torggata 7, 0181 Oslo. The Company is listed on the Oslo Stock Exchange (Oslo B\u00f8rs) and has the ticker \u201cOTOVO\u201d.The consolidated financial statements include the company, its subsidiaries (together referred to as the \"Group\") and the Group's share in associated companies. The Board of Directors authorised for issue the consolidated financial statements on 22 March 2023.The  Group's  business  is  primarily  related  to  sale  of  and  subscription  services  for  solar  panel installations and related products through an online sales platform, developed and maintained by OtovoBasis for preparationThe  consolidated  financial  statements  of  the  Group  have  been  prepared  in  accordance  with International  Financial  Reporting  Standards  (IFRS)  and  interpretations  issued  by  the  IFRS Interpretations  Committee  (IFRS  IC)  applicable  to  companies  reporting  under  IFRS.  The consolidated  financial  statements  comply  with  IFRS  as  issued  by  the  International  Accounting Standards Board (IASB) and approved by the EU. The consolidated financial statements are based on the IFRS mandatory accounting standards effective 31 December 2022.The consolidated financial statements have been prepared based on the historical cost principle, with some exceptions, as detailed in the accounting policies set out below. Assets not at fair value are  written  down  to  their  recoverable  amount  if  the  carrying  value  is  higher.  The  recoverable amount is the higher of either the asset's value in use or its fair value less cost to sell. The consolidated financial statements are presented in Norwegian Krone (NOK), and rounded to the  nearest  thousand,  unless  otherwise  indicated.  NOK  is  the  functional  currency  of  the  parent company. Otovo  ASA  has  been  granted  permission  from  the  Norwegian  authorities  to  publish  the  Group accounts in English only.New and amended standards Otovo has not implemented any new accounting standards or otherwise made any changes to accounting policies during 2022.None of the issued, not yet effective, accounting standards or amendments to such standards, have been early adopted or are expected to have significant effects for Otovo\u2019s financial reporting. Further, none of the recently issued IFRS Interpretations Committee agenda decisions by the Group are expected to significantly change Otovo\u2019s accounting policies or practices.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__17": {
   "value": "Note 1. General information and basis for preparationGeneral informationOtovo <span class=\"_ _11\"> </span>ASA, <span class=\"_ _11\"> </span>the <span class=\"_ _1e\"> </span>parent <span class=\"_ _11\"> </span>company <span class=\"_ _11\"> </span>of <span class=\"_ _1e\"> </span>the <span class=\"_ _11\"> </span>Otovo <span class=\"_ _1e\"> </span>Group <span class=\"_ _11\"> </span>is <span class=\"_ _11\"> </span>a <span class=\"_ _1e\"> </span>public <span class=\"_ _11\"> </span>limited <span class=\"_ _1e\"> </span>liability <span class=\"_ _11\"> </span>company incorporated <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>domiciled <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>Norway, <span class=\"_ _10\"></span>with <span class=\"_ _e\"></span>its <span class=\"_ _e\"></span>head <span class=\"_ _e\"></span>office <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>Torggata <span class=\"_ _e\"></span>7, <span class=\"_ _e\"></span>0181 <span class=\"_ _e\"></span>Oslo. <span class=\"_ _e\"></span>The <span class=\"_ _10\"></span>Company is listed on the Oslo Stock Exchange (Oslo B\u00f8rs) and has the ticker \u201cOTOVO\u201d.The <span class=\"_ _e\"></span>consolidated <span class=\"_ _e\"></span>financial <span class=\"_ _10\"></span>statements <span class=\"_ _e\"></span>include <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>company, <span class=\"_ _e\"></span>its <span class=\"_ _e\"></span>subsidiaries <span class=\"_ _10\"></span>(together <span class=\"_ _e\"></span>referred <span class=\"_ _e\"></span>to as the <span class=\"_ _e\"></span>\"Group\") and <span class=\"_ _e\"></span>the Group's <span class=\"_ _e\"></span>share in associated <span class=\"_ _e\"></span>companies. The <span class=\"_ _e\"></span>Board of <span class=\"_ _e\"></span>Directors authorised for issue the consolidated financial statements on 22 March 2023.The <span class=\"_\"> </span>Group's <span class=\"_\"> </span>business <span class=\"_\"> </span>is <span class=\"_\"> </span>primarily <span class=\"_\"> </span>related <span class=\"_\"> </span>to <span class=\"_\"> </span>sale <span class=\"_\"> </span>of <span class=\"_\"> </span>and <span class=\"_\"> </span>subscription <span class=\"_\"> </span>services <span class=\"_\"> </span>for <span class=\"_\"> </span>solar <span class=\"_\"> </span>panel installations and related products through an online sales platform, developed and maintained by OtovoBasis for preparationThe <span class=\"_\"> </span>consolidated <span class=\"_ _2f\"> </span>financial <span class=\"_\"> </span>statements <span class=\"_ _13\"> </span>of <span class=\"_\"> </span>the <span class=\"_\"> </span>Group <span class=\"_\"> </span>have <span class=\"_ _13\"> </span>been <span class=\"_\"> </span>prepared <span class=\"_\"> </span>in <span class=\"_\"> </span>accordance <span class=\"_ _13\"> </span>with International <span class=\"_ _f\"> </span>Financial <span class=\"_ _f\"> </span>Reporting <span class=\"_ _f\"> </span>Standards <span class=\"_ _f\"> </span>(IFRS) <span class=\"_ _f\"> </span>and <span class=\"_ _21\"> </span>interpretations <span class=\"_ _f\"> </span>issued <span class=\"_ _f\"> </span>by <span class=\"_ _f\"> </span>the <span class=\"_ _f\"> </span>IFRS Interpretations <span class=\"_ _1f\"> </span>Committee <span class=\"_ _1f\"> </span>(IFRS <span class=\"_ _1f\"> </span>IC) <span class=\"_ _1f\"> </span>applicable <span class=\"_ _1f\"> </span>to <span class=\"_ _1f\"> </span>companies <span class=\"_ _1f\"> </span>reporting <span class=\"_ _1f\"> </span>under <span class=\"_ _1f\"> </span>IFRS. <span class=\"_ _1f\"> </span>The consolidated <span class=\"_ _13\"> </span>financial <span class=\"_ _13\"> </span>statements <span class=\"_\"> </span>comply <span class=\"_ _1d\"> </span>with <span class=\"_\"> </span>IFRS <span class=\"_ _1d\"> </span>as <span class=\"_\"> </span>issued <span class=\"_ _1d\"> </span>by <span class=\"_ _2f\"> </span>the <span class=\"_ _13\"> </span>International <span class=\"_ _13\"> </span>Accounting Standards Board (IASB) and <span class=\"_ _e\"></span>approved by the EU. The consolidated financial <span class=\"_ _e\"></span>statements are based on the IFRS mandatory accounting standards effective 31 December 2022.The <span class=\"_ _e\"></span>consolidated <span class=\"_ _e\"></span>financial <span class=\"_ _e\"></span>statements have <span class=\"_ _e\"></span>been <span class=\"_ _e\"></span>prepared <span class=\"_ _e\"></span>based <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>historical <span class=\"_ _e\"></span>cost principle, with some <span class=\"_ _e\"></span>exceptions, as <span class=\"_ _e\"></span>detailed in <span class=\"_ _e\"></span>the accounting <span class=\"_ _e\"></span>policies set <span class=\"_ _e\"></span>out below. <span class=\"_ _e\"></span>Assets not <span class=\"_ _e\"></span>at fair value are <span class=\"_ _13\"> </span>written <span class=\"_\"> </span>down <span class=\"_ _1d\"> </span>to <span class=\"_\"> </span>their <span class=\"_ _13\"> </span>recoverable <span class=\"_ _13\"> </span>amount <span class=\"_\"> </span>if <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>carrying <span class=\"_\"> </span>value <span class=\"_ _1d\"> </span>is <span class=\"_\"> </span>higher. <span class=\"_ _13\"> </span>The <span class=\"_ _13\"> </span>recoverable amount is the higher of either the asset's value in use or its fair value less cost to sell. The <span class=\"_ _10\"></span>consolidated <span class=\"_ _12\"></span>financial <span class=\"_ _10\"></span>statements <span class=\"_ _12\"></span>are <span class=\"_ _10\"></span>presented <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>Norwegian <span class=\"_ _12\"></span>Krone <span class=\"_ _10\"></span>(NOK), <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>rounded <span class=\"_ _10\"></span>to the <span class=\"_ _1d\"> </span>nearest <span class=\"_ _14\"> </span>thousand, <span class=\"_ _1d\"> </span>unless <span class=\"_ _1d\"> </span>otherwise <span class=\"_ _1d\"> </span>indicated. <span class=\"_ _1d\"> </span>NOK <span class=\"_ _1d\"> </span>is <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>functional <span class=\"_ _1d\"> </span>currency <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>parent company. Otovo <span class=\"_ _1d\"> </span>ASA <span class=\"_ _13\"> </span>has <span class=\"_ _13\"> </span>been <span class=\"_ _13\"> </span>granted <span class=\"_ _13\"> </span>permission <span class=\"_ _13\"> </span>from <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>Norwegian <span class=\"_ _13\"> </span>authorities <span class=\"_ _13\"> </span>to <span class=\"_ _13\"> </span>publish <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>Group accounts in English only.New and amended standards Otovo has not implemented any new accounting standards or otherwise made any changes to accounting policies during 2022.None of the issued, not yet effective, accounting standards or amendments to such standards, have been early adopted or are expected to have significant effects for Otovo\u2019s financial reporting. Further, none of the recently issued IFRS Interpretations Committee agenda decisions by the Group are expected to significantly change Otovo\u2019s accounting policies or practices.Note 2. Significant accounting principlesConsolidation principlesThe <span class=\"_ _e\"></span>consolidated <span class=\"_ _e\"></span>financial <span class=\"_ _e\"></span>statements <span class=\"_ _10\"></span>present <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>aggregated <span class=\"_ _e\"></span>profit <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>loss <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>financial <span class=\"_ _e\"></span>positionof <span class=\"_ _e\"></span>Otovo <span class=\"_ _e\"></span>ASA, <span class=\"_ _e\"></span>including <span class=\"_ _10\"></span>companies <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>directly <span class=\"_ _e\"></span>or <span class=\"_ _10\"></span>indirectly <span class=\"_ _e\"></span>controlled <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>Otovo <span class=\"_ _10\"></span>ASA. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>Groupcontrols a company when it is <span class=\"_ _e\"></span>exposed, or has rights, to variable returns from its involvement <span class=\"_ _e\"></span>with thecompany and has the ability to affect those returns through its power over the company. In <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>instances <span class=\"_ _d\"> </span>where <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>Group <span class=\"_ _19\"> </span>has <span class=\"_ _11\"> </span>controlling <span class=\"_ _19\"> </span>interest <span class=\"_ _d\"> </span>while <span class=\"_ _11\"> </span>owning <span class=\"_ _19\"> </span>less <span class=\"_ _11\"> </span>than <span class=\"_ _19\"> </span>100% <span class=\"_ _11\"> </span>of <span class=\"_ _19\"> </span>thesubsidiary, <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>subsidiary <span class=\"_ _e\"></span>is <span class=\"_ _10\"></span>still <span class=\"_ _10\"></span>recognised <span class=\"_ _e\"></span>with <span class=\"_ _10\"></span>100% <span class=\"_ _e\"></span>line <span class=\"_ _10\"></span>by <span class=\"_ _10\"></span>line, <span class=\"_ _e\"></span>while <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>non-controlling <span class=\"_ _10\"></span>interest'spart <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>profit <span class=\"_ _10\"></span>after <span class=\"_ _10\"></span>tax <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>equity <span class=\"_ _12\"></span>are <span class=\"_ _10\"></span>presented <span class=\"_ _10\"></span>as <span class=\"_ _12\"></span>a <span class=\"_ _10\"></span>separate <span class=\"_ _10\"></span>line. <span class=\"_ _12\"></span>If <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Group <span class=\"_ _10\"></span>holds <span class=\"_ _10\"></span>less <span class=\"_ _12\"></span>than <span class=\"_ _10\"></span>themajority <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>voting <span class=\"_ _1d\"> </span>rights <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>a <span class=\"_ _1d\"> </span>company, <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>Group <span class=\"_ _1d\"> </span>may <span class=\"_ _1d\"> </span>still <span class=\"_ _1d\"> </span>have <span class=\"_ _14\"> </span>power, <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>example <span class=\"_ _1d\"> </span>throughcontractual <span class=\"_ _12\"></span>arrangements. <span class=\"_ _12\"></span>Subsidiaries <span class=\"_ _12\"></span>are <span class=\"_ _14\"></span>fully <span class=\"_ _12\"></span>consolidated <span class=\"_ _12\"></span>from <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>date <span class=\"_ _14\"></span>control <span class=\"_ _12\"></span>was <span class=\"_ _12\"></span>achieved,until the date when control was <span class=\"_ _e\"></span>ceased. The comprehensive income for each component is assignedto <span class=\"_ _e\"></span>the owners <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the parent <span class=\"_ _e\"></span>company <span class=\"_ _e\"></span>and the <span class=\"_ _e\"></span>non-controlling interests. <span class=\"_ _e\"></span>This <span class=\"_ _e\"></span>distribution is <span class=\"_ _e\"></span>presentedon <span class=\"_ _14\"> </span>separate <span class=\"_ _1d\"> </span>lines <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>consolidated <span class=\"_ _1d\"> </span>financial <span class=\"_ _1d\"> </span>statements. <span class=\"_ _14\"> </span>Intercompany <span class=\"_ _1d\"> </span>transactions, <span class=\"_ _1d\"> </span>as <span class=\"_ _14\"> </span>well <span class=\"_ _1d\"> </span>asunrealised <span class=\"_ _1a\"> </span>revenue <span class=\"_ _1a\"> </span>and <span class=\"_ _1f\"> </span>expenses <span class=\"_ _1a\"> </span>from <span class=\"_ _1a\"> </span>intercompany <span class=\"_ _1a\"> </span>transactions, <span class=\"_ _1a\"> </span>are <span class=\"_ _1f\"> </span>eliminated <span class=\"_ _1a\"> </span>in <span class=\"_ _1a\"> </span>theconsolidated <span class=\"_ _e\"></span>financial <span class=\"_ _e\"></span>statements. <span class=\"_ _e\"></span>Unrealised <span class=\"_ _e\"></span>gains <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>losses <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>eliminated <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>extent <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>which <span class=\"_ _e\"></span>itdoes not affect the value.Business combinations and goodwillBusiness <span class=\"_ _11\"> </span>combinations <span class=\"_ _11\"> </span>that <span class=\"_ _1e\"> </span>occur <span class=\"_ _11\"> </span>after <span class=\"_ _11\"> </span>1 <span class=\"_ _1e\"> </span>January <span class=\"_ _11\"> </span>2020 <span class=\"_ _1e\"> </span>are <span class=\"_ _11\"> </span>accounted <span class=\"_ _11\"> </span>for <span class=\"_ _1e\"> </span>according <span class=\"_ _11\"> </span>to <span class=\"_ _1e\"> </span>the acquisition <span class=\"_ _1d\"> </span>method <span class=\"_ _13\"> </span>in <span class=\"_ _1d\"> </span>IFRS <span class=\"_ _13\"> </span>3. <span class=\"_ _13\"> </span>Under <span class=\"_ _1d\"> </span>IFRS <span class=\"_ _13\"> </span>3, <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>considerations <span class=\"_ _13\"> </span>are <span class=\"_ _13\"> </span>measured <span class=\"_ _1d\"> </span>at <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>fair <span class=\"_ _1d\"> </span>value <span class=\"_ _13\"> </span>of transferred <span class=\"_ _12\"></span>assets, <span class=\"_ _14\"> </span>equity <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>liabilities <span class=\"_ _14\"> </span>incurred. <span class=\"_ _14\"></span>Goodwill <span class=\"_ _12\"></span>is <span class=\"_ _14\"> </span>measured <span class=\"_ _14\"></span>as <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>difference <span class=\"_ _12\"></span>between the <span class=\"_ _f\"> </span>consideration <span class=\"_ _21\"> </span>transferred <span class=\"_ _f\"> </span>and <span class=\"_ _f\"> </span>net <span class=\"_ _21\"> </span>identifiable <span class=\"_ _f\"> </span>assets. <span class=\"_ _21\"> </span>Identifiable <span class=\"_ _f\"> </span>assets, <span class=\"_ _f\"> </span>liabilities <span class=\"_ _21\"> </span>and contingent <span class=\"_ _10\"></span>liabilities <span class=\"_ _12\"></span>are <span class=\"_ _10\"></span>calculated <span class=\"_ _10\"></span>at <span class=\"_ _12\"></span>fair <span class=\"_ _10\"></span>value <span class=\"_ _10\"></span>at <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>time <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>acquisition. <span class=\"_ _10\"></span>Transaction-related costs <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>expensed <span class=\"_ _e\"></span>as incurred. <span class=\"_ _e\"></span>In <span class=\"_ _e\"></span>accordance <span class=\"_ _e\"></span>with <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>optional <span class=\"_ _e\"></span>exemptions <span class=\"_ _e\"></span>in Appendix <span class=\"_ _e\"></span>C <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>IFRS <span class=\"_ _e\"></span>1, acquisitions undertaken before <span class=\"_ _e\"></span>1 January 2020 have <span class=\"_ _e\"></span>not been restated at <span class=\"_ _e\"></span>transition to IFRS. For <span class=\"_ _e\"></span>these business combinations <span class=\"_ _e\"></span>the guidance <span class=\"_ _e\"></span>in NGAAP <span class=\"_ _e\"></span>has been <span class=\"_ _e\"></span>applied, the <span class=\"_ _e\"></span>main implication <span class=\"_ _e\"></span>of this <span class=\"_ _e\"></span>is that the <span class=\"_ _e\"></span>goodwill related <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>acquisition of <span class=\"_ _e\"></span>ISWT <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>been amortised <span class=\"_ _e\"></span>from <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>acquisition date <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The <span class=\"_ _1d\"> </span>allocation <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>purchase <span class=\"_ _13\"> </span>price in <span class=\"_ _12\"></span>business <span class=\"_ _14\"></span>combinations <span class=\"_ _12\"></span>may <span class=\"_ _12\"></span>affect the <span class=\"_ _25\"> </span>impairment <span class=\"_ _3f\"> </span>assessments <span class=\"_ _25\"> </span>of assets, <span class=\"_ _1e\"> </span>including <span class=\"_ _1e\"> </span>goodwill, <span class=\"_ _1e\"> </span>in <span class=\"_ _1e\"> </span>future periods.Following <span class=\"_\"> </span>initial <span class=\"_\"> </span>recognition, <span class=\"_\"> </span>goodwill is <span class=\"_ _2e\"> </span>measured <span class=\"_ _2b\"> </span>at <span class=\"_ _2e\"> </span>cost <span class=\"_ _2b\"> </span>less <span class=\"_ _2e\"> </span>any accumulated <span class=\"_ _13\"> </span>impairment <span class=\"_\"> </span>losses. <span class=\"_ _13\"> </span>For the <span class=\"_ _1e\"> </span>purpose <span class=\"_ _1e\"> </span>of <span class=\"_ _1e\"> </span>impairment <span class=\"_ _1e\"> </span>testing, goodwill <span class=\"_ _34\"> </span>acquired <span class=\"_ _34\"> </span>in <span class=\"_ _34\"> </span>a <span class=\"_ _34\"> </span>business combination <span class=\"_\"> </span>is, <span class=\"_\"> </span>from <span class=\"_\"> </span>the <span class=\"_\"> </span>acquisition date, allocated <span class=\"_ _e\"></span>to each <span class=\"_ _e\"></span>of the Group\u2019s cash-generating <span class=\"_ _2b\"> </span>units <span class=\"_ _2b\"> </span>(CGU), <span class=\"_ _2b\"> </span>or groups of cash-generating units, thatare <span class=\"_ _21\"> </span>expected <span class=\"_ _21\"> </span>to <span class=\"_ _21\"> </span>benefit <span class=\"_ _21\"> </span>from <span class=\"_ _21\"> </span>the synergies <span class=\"_ _42\"> </span>of <span class=\"_ _24\"> </span>the <span class=\"_ _42\"> </span>combination, irrespective <span class=\"_ _45\"> </span>of <span class=\"_ _19\"> </span>whether <span class=\"_ _19\"> </span>other <span class=\"_ _19\"> </span>assets or liabilities <span class=\"_ _e\"></span>of the Group <span class=\"_ _e\"></span>are assigned to those units or groups of units.Goodwill <span class=\"_\"> </span>is <span class=\"_\"> </span>tested <span class=\"_\"> </span>for <span class=\"_ _19\"> </span>impairment <span class=\"_\"> </span>annually, <span class=\"_\"> </span>or more <span class=\"_ _15\"> </span>frequently <span class=\"_ _15\"> </span>if <span class=\"_ _15\"> </span>events <span class=\"_ _34\"> </span>or <span class=\"_ _15\"> </span>changes <span class=\"_ _15\"> </span>in circumstances <span class=\"_ _14\"> </span>indicate <span class=\"_ _14\"> </span>that <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>carrying <span class=\"_ _1d\"> </span>value may <span class=\"_ _45\"> </span>be <span class=\"_ _19\"> </span>impaired, <span class=\"_ _19\"> </span>by <span class=\"_ _19\"> </span>comparing <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>carrying amount <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>CGU, <span class=\"_ _12\"></span>including <span class=\"_ _10\"></span>goodwill, <span class=\"_ _12\"></span>with <span class=\"_ _10\"></span>the recoverable <span class=\"_ _1c\"> </span>amount <span class=\"_ _1c\"> </span>of <span class=\"_ _57\"> </span>the <span class=\"_ _1c\"> </span>CGU. <span class=\"_ _1c\"> </span>The <span class=\"_ _57\"> </span>Group calculates <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>recoverable <span class=\"_ _14\"> </span>amount <span class=\"_ _1d\"> </span>of <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>CGU by <span class=\"_ _12\"></span>determining <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>higher <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>fair <span class=\"_ _14\"></span>value <span class=\"_ _12\"></span>less cost <span class=\"_ _f\"> </span>to <span class=\"_ _f\"> </span>sell <span class=\"_ _21\"> </span>and <span class=\"_ _f\"> </span>its <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>use. <span class=\"_ _21\"> </span>The <span class=\"_ _f\"> </span>key assumption <span class=\"_\"> </span>for <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>value <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>use <span class=\"_ _2f\"> </span>calculation <span class=\"_ _2f\"> </span>is the <span class=\"_\"> </span>forecasted <span class=\"_\"> </span>cash <span class=\"_\"> </span>flows <span class=\"_\"> </span>during <span class=\"_\"> </span>the <span class=\"_\"> </span>forecast period. <span class=\"_ _12\"></span>If <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>recoverable <span class=\"_ _12\"></span>amount <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>CGU <span class=\"_ _12\"></span>is less <span class=\"_ _11\"> </span>than <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>carrying <span class=\"_ _11\"> </span>value <span class=\"_ _11\"> </span>of <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>unit, <span class=\"_ _11\"> </span>the impairment <span class=\"_ _14\"></span>loss <span class=\"_ _12\"></span>is <span class=\"_ _14\"> </span>allocated <span class=\"_ _14\"> </span>first <span class=\"_ _14\"> </span>to <span class=\"_ _14\"> </span>reduce <span class=\"_ _14\"> </span>the carrying <span class=\"_\"> </span>amount <span class=\"_ _19\"> </span>of <span class=\"_ _45\"> </span>any <span class=\"_ _19\"> </span>goodwill <span class=\"_ _19\"> </span>allocated <span class=\"_\"> </span>to the <span class=\"_ _10\"></span>unit <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>then <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>other <span class=\"_ _10\"></span>assets <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>unit pro-rata <span class=\"_ _e\"></span>on <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>basis <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>carrying <span class=\"_ _10\"></span>amount <span class=\"_ _10\"></span>of each <span class=\"_ _57\"> </span>asset <span class=\"_ _1b\"> </span>in <span class=\"_ _57\"> </span>the <span class=\"_ _1b\"> </span>unit. <span class=\"_ _57\"> </span>An <span class=\"_ _1b\"> </span>impairment <span class=\"_ _57\"> </span>loss recognised <span class=\"_ _24\"> </span>for <span class=\"_ _42\"> </span>goodwill <span class=\"_ _24\"> </span>is <span class=\"_ _24\"> </span>recognised immediately <span class=\"_ _3f\"> </span>in <span class=\"_ _3f\"> </span>the <span class=\"_ _2b\"> </span>consolidated <span class=\"_ _3f\"> </span>income statement <span class=\"_ _12\"></span>and <span class=\"_ _14\"></span>is <span class=\"_ _12\"></span>not <span class=\"_ _14\"></span>reversed <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>a <span class=\"_ _14\"> </span>subsequent period.Investments in associated companiesAn <span class=\"_ _10\"></span>associated <span class=\"_ _12\"></span>company <span class=\"_ _10\"></span>is <span class=\"_ _12\"></span>an <span class=\"_ _10\"></span>entity <span class=\"_ _10\"></span>over <span class=\"_ _12\"></span>which the <span class=\"_ _13\"> </span>Group <span class=\"_ _13\"> </span>has <span class=\"_\"> </span>significant <span class=\"_ _1d\"> </span>influence. <span class=\"_\"> </span>Significant influence <span class=\"_ _1c\"> </span>is <span class=\"_ _57\"> </span>the <span class=\"_ _57\"> </span>power <span class=\"_ _57\"> </span>to <span class=\"_ _1c\"> </span>participate <span class=\"_ _57\"> </span>in <span class=\"_ _57\"> </span>the financial <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>operating <span class=\"_ _13\"> </span>policy <span class=\"_ _1d\"> </span>decisions <span class=\"_ _13\"> </span>of <span class=\"_ _1d\"> </span>the investee <span class=\"_ _14\"> </span>but <span class=\"_ _14\"> </span>without <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>ability <span class=\"_ _1d\"> </span>to <span class=\"_ _14\"> </span>have <span class=\"_ _14\"> </span>control over <span class=\"_ _29\"> </span>those <span class=\"_ _29\"> </span>policies. <span class=\"_ _29\"> </span>Significant <span class=\"_ _29\"> </span>influence normally exists <span class=\"_ _e\"></span>when the Group has <span class=\"_ _e\"></span>20 % to <span class=\"_ _e\"></span>50 % voting <span class=\"_ _e\"></span>power through <span class=\"_ _e\"></span>ownership <span class=\"_ _e\"></span>or agreements. Investments <span class=\"_ _34\"> </span>in <span class=\"_ _18\"> </span>associated <span class=\"_ _34\"> </span>companies <span class=\"_ _18\"> </span>are accounted <span class=\"_ _19\"> </span>for <span class=\"_ _19\"> </span>using <span class=\"_ _d\"> </span>the <span class=\"_ _19\"> </span>equity <span class=\"_ _19\"> </span>method, <span class=\"_ _d\"> </span>after initially being recognized at cost.Subsequent <span class=\"_ _41\"> </span>to <span class=\"_ _41\"> </span>initial <span class=\"_ _41\"> </span>recognition, <span class=\"_ _41\"> </span>the consolidated <span class=\"_ _d\"> </span>financial <span class=\"_ _19\"> </span>statements <span class=\"_ _d\"> </span>include <span class=\"_ _d\"> </span>the Group\u2019s <span class=\"_ _12\"></span>share <span class=\"_ _14\"> </span>of <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>profit <span class=\"_ _14\"> </span>and <span class=\"_ _14\"></span>loss <span class=\"_ _12\"></span>and <span class=\"_ _14\"> </span>OCI <span class=\"_ _14\"></span>of the associate, <span class=\"_ _e\"></span>until the <span class=\"_ _e\"></span>date <span class=\"_ _e\"></span>on which <span class=\"_ _e\"></span>significant influence <span class=\"_ _1b\"> </span>ceases <span class=\"_ _f\"> </span>to <span class=\"_ _1b\"> </span>exist <span class=\"_ _f\"> </span>or <span class=\"_ _1b\"> </span>the <span class=\"_ _f\"> </span>associated company <span class=\"_ _d\"> </span>becomes <span class=\"_ _d\"> </span>a <span class=\"_ _19\"> </span>subsidiary. <span class=\"_ _d\"> </span>Adjustments are <span class=\"_ _17\"> </span>made <span class=\"_ _17\"> </span>where <span class=\"_ _15\"> </span>necessary <span class=\"_ _17\"> </span>to <span class=\"_ _17\"> </span>bring <span class=\"_ _15\"> </span>the accounting <span class=\"_ _11\"> </span>policies <span class=\"_ _1e\"> </span>in <span class=\"_ _11\"> </span>line <span class=\"_ _1e\"> </span>with <span class=\"_ _11\"> </span>those <span class=\"_ _1e\"> </span>of <span class=\"_ _11\"> </span>the Group.The <span class=\"_ _17\"> </span>Group\u2019s <span class=\"_ _17\"> </span>share <span class=\"_ _17\"> </span>of <span class=\"_ _17\"> </span>unrealized <span class=\"_ _17\"> </span>gains <span class=\"_ _15\"> </span>is eliminated <span class=\"_ _22\"> </span>in <span class=\"_ _29\"> </span>the <span class=\"_ _22\"> </span>consolidated <span class=\"_ _22\"> </span>financial statements. <span class=\"_ _21\"> </span>Unrealized <span class=\"_ _f\"> </span>gains <span class=\"_ _21\"> </span>are <span class=\"_ _21\"> </span>eliminated against <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>investment <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>accordance <span class=\"_ _14\"> </span>with <span class=\"_ _14\"> </span>the Group\u2019s share of ownership.Foreign currency translation and transactionsThe <span class=\"_ _16\"> </span>consolidated <span class=\"_ _1a\"> </span>financial <span class=\"_ _16\"> </span>statements <span class=\"_ _16\"> </span>are presented <span class=\"_ _17\"> </span>in <span class=\"_ _15\"> </span>NOK, <span class=\"_ _17\"> </span>which <span class=\"_ _15\"> </span>is <span class=\"_ _17\"> </span>Otovo <span class=\"_ _17\"> </span>ASA\u2019s functional currency.Foreign <span class=\"_ _11\"> </span>currency <span class=\"_ _11\"> </span>transactions <span class=\"_ _11\"> </span>are <span class=\"_ _1e\"> </span>translated into <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>entities\u2019 <span class=\"_ _1d\"> </span>functional <span class=\"_ _1d\"> </span>currency <span class=\"_ _1d\"> </span>using <span class=\"_ _1d\"> </span>the exchange <span class=\"_ _12\"></span>rates <span class=\"_ _14\"> </span>prevailing <span class=\"_ _14\"></span>at <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>date <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>each transaction. <span class=\"_\"> </span>Monetary <span class=\"_\"> </span>assets <span class=\"_\"> </span>and <span class=\"_ _45\"> </span>liabilities <span class=\"_ _19\"> </span>in foreign <span class=\"_ _16\"> </span>currencies <span class=\"_ _1a\"> </span>are <span class=\"_ _16\"> </span>translated <span class=\"_ _16\"> </span>into <span class=\"_ _1a\"> </span>the entities\u2019 <span class=\"_ _40\"> </span>functional <span class=\"_ _30\"> </span>currency <span class=\"_ _40\"> </span>using <span class=\"_ _30\"> </span>the exchange <span class=\"_ _11\"> </span>rates <span class=\"_ _1e\"> </span>on <span class=\"_ _11\"> </span>the <span class=\"_ _1e\"> </span>balance <span class=\"_ _11\"> </span>sheet <span class=\"_ _11\"> </span>date. Foreign <span class=\"_ _19\"> </span>currency <span class=\"_ _d\"> </span>exchange <span class=\"_ _d\"> </span>gains <span class=\"_ _19\"> </span>and <span class=\"_ _d\"> </span>losses resulting <span class=\"_ _25\"> </span>from <span class=\"_ _29\"> </span>the <span class=\"_ _29\"> </span>settlement <span class=\"_ _29\"> </span>of <span class=\"_ _29\"> </span>such transactions are recognized <span class=\"_ _e\"></span>in the statement of profit <span class=\"_ _3c\"> </span>and <span class=\"_ _40\"> </span>loss <span class=\"_ _40\"> </span>as <span class=\"_ _3c\"> </span>foreign <span class=\"_ _40\"> </span>exchange gains/losses.The <span class=\"_ _1d\"> </span>Group <span class=\"_ _13\"> </span>has <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>entities <span class=\"_ _13\"> </span>with <span class=\"_ _13\"> </span>functional currency <span class=\"_ _e\"></span>other <span class=\"_ _10\"></span>than <span class=\"_ _10\"></span>NOK. <span class=\"_ _e\"></span>At <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>reporting <span class=\"_ _e\"></span>date, the <span class=\"_ _10\"></span>assets <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>liabilities <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>foreign <span class=\"_ _10\"></span>entities <span class=\"_ _10\"></span>with functional <span class=\"_ _16\"> </span>currencies <span class=\"_ _16\"> </span>other <span class=\"_ _17\"> </span>than <span class=\"_ _16\"> </span>NOK <span class=\"_ _16\"> </span>are translated <span class=\"_ _12\"></span>into <span class=\"_ _12\"></span>NOK <span class=\"_ _10\"></span>at <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>rate <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>exchange <span class=\"_ _12\"></span>at the <span class=\"_ _2c\"> </span>reporting <span class=\"_ _3b\"> </span>date <span class=\"_ _2c\"> </span>and <span class=\"_ _3b\"> </span>their <span class=\"_ _2c\"> </span>income statements <span class=\"_ _1f\"> </span>are <span class=\"_ _1a\"> </span>translated <span class=\"_ _1f\"> </span>at <span class=\"_ _1f\"> </span>the <span class=\"_ _1a\"> </span>average exchange <span class=\"_ _d\"> </span>rates <span class=\"_ _11\"> </span>for <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>year. <span class=\"_ _d\"> </span>The <span class=\"_ _11\"> </span>translation differences <span class=\"_ _1b\"> </span>arising <span class=\"_ _1b\"> </span>from <span class=\"_ _1b\"> </span>the <span class=\"_ _1b\"> </span>translation <span class=\"_ _1b\"> </span>are recognised <span class=\"_ _1b\"> </span>in <span class=\"_ _f\"> </span>other <span class=\"_ _1b\"> </span>comprehensive <span class=\"_ _f\"> </span>income until <span class=\"_ _1e\"> </span>the <span class=\"_ _1e\"> </span>disposal <span class=\"_ _1c\"> </span>of <span class=\"_ _1e\"> </span>the <span class=\"_ _1e\"> </span>net <span class=\"_ _1c\"> </span>investment, <span class=\"_ _1e\"> </span>at which <span class=\"_ _12\"></span>time <span class=\"_ _14\"> </span>they <span class=\"_ _14\"></span>are <span class=\"_ _12\"></span>recognised <span class=\"_ _14\"> </span>in <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>income statement.Current/non-current classificationAn <span class=\"_ _1e\"> </span>asset <span class=\"_ _1e\"> </span>is <span class=\"_ _1e\"> </span>classified <span class=\"_ _1e\"> </span>as <span class=\"_ _1e\"> </span>current <span class=\"_ _1c\"> </span>when <span class=\"_ _1e\"> </span>it <span class=\"_ _1e\"> </span>is expected <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>be <span class=\"_ _10\"></span>realised, <span class=\"_ _12\"></span>or <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>intended <span class=\"_ _12\"></span>for <span class=\"_ _12\"></span>sale or <span class=\"_ _2e\"> </span>consumption, <span class=\"_ _2e\"> </span>in <span class=\"_ _2e\"> </span>the <span class=\"_ _2e\"> </span>Group\u2019s <span class=\"_ _2e\"> </span>normal operating <span class=\"_ _1c\"> </span>cycle, <span class=\"_ _57\"> </span>it <span class=\"_ _57\"> </span>is <span class=\"_ _57\"> </span>held <span class=\"_ _57\"> </span>primarily <span class=\"_ _57\"> </span>for <span class=\"_ _57\"> </span>the purpose <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>being <span class=\"_ _12\"></span>traded, <span class=\"_ _14\"></span>or <span class=\"_ _12\"></span>it <span class=\"_ _14\"></span>is <span class=\"_ _12\"></span>expected/due to <span class=\"_ _14\"> </span>be <span class=\"_ _1d\"> </span>realised <span class=\"_ _1d\"> </span>or <span class=\"_ _1d\"> </span>settled <span class=\"_ _1d\"> </span>within <span class=\"_ _14\"> </span>twelve <span class=\"_ _1d\"> </span>months after <span class=\"_ _21\"> </span>the <span class=\"_ _21\"> </span>reporting <span class=\"_ _21\"> </span>date. <span class=\"_ _21\"> </span>Other <span class=\"_ _21\"> </span>assets <span class=\"_ _21\"> </span>are classified <span class=\"_ _e\"></span>as <span class=\"_ _10\"></span>non-current. <span class=\"_ _10\"></span>A <span class=\"_ _e\"></span>liability <span class=\"_ _10\"></span>is <span class=\"_ _e\"></span>classified as <span class=\"_ _12\"></span>current <span class=\"_ _14\"> </span>when <span class=\"_ _14\"></span>it <span class=\"_ _12\"></span>is <span class=\"_ _14\"> </span>expected <span class=\"_ _12\"></span>to <span class=\"_ _14\"> </span>be <span class=\"_ _14\"></span>settled <span class=\"_ _12\"></span>in the <span class=\"_ _1e\"> </span>Group\u2019s <span class=\"_ _1e\"> </span>normal <span class=\"_ _1e\"> </span>operating <span class=\"_ _1e\"> </span>cycle, <span class=\"_ _1e\"> </span>is <span class=\"_ _1e\"> </span>held primarily <span class=\"_ _1d\"> </span>for <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>purpose <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>being <span class=\"_ _1d\"> </span>traded, <span class=\"_ _13\"> </span>the liability <span class=\"_ _f\"> </span>is <span class=\"_ _21\"> </span>due <span class=\"_ _21\"> </span>to <span class=\"_ _f\"> </span>be <span class=\"_ _21\"> </span>settled <span class=\"_ _f\"> </span>within <span class=\"_ _21\"> </span>twelve months <span class=\"_ _1c\"> </span>after <span class=\"_ _1c\"> </span>the <span class=\"_ _1c\"> </span>reporting <span class=\"_ _1c\"> </span>period <span class=\"_ _1c\"> </span>or <span class=\"_ _1c\"> </span>if <span class=\"_ _1c\"> </span>the Group <span class=\"_ _12\"></span>does <span class=\"_ _10\"></span>not <span class=\"_ _12\"></span>have <span class=\"_ _12\"></span>an <span class=\"_ _10\"></span>unconditional <span class=\"_ _12\"></span>right <span class=\"_ _12\"></span>to defer <span class=\"_ _1e\"> </span>settlement <span class=\"_ _1c\"> </span>of <span class=\"_ _1c\"> </span>the <span class=\"_ _1c\"> </span>liability <span class=\"_ _1c\"> </span>for <span class=\"_ _1e\"> </span>at <span class=\"_ _1c\"> </span>least twelve <span class=\"_ _d\"> </span>months <span class=\"_ _19\"> </span>after <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>reporting <span class=\"_ _d\"> </span>period. <span class=\"_ _d\"> </span>All other liabilities are classified as noncurrent.Reporting segmentsSegments <span class=\"_ _d\"> </span>in <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _11\"> </span>are <span class=\"_ _d\"> </span>reported <span class=\"_ _11\"> </span>in <span class=\"_ _d\"> </span>a <span class=\"_ _11\"> </span>manner <span class=\"_ _d\"> </span>consistent <span class=\"_ _d\"> </span>with <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>internal <span class=\"_ _11\"> </span>reporting provided <span class=\"_ _1e\"> </span>to <span class=\"_ _1e\"> </span>the <span class=\"_ _1e\"> </span>chief <span class=\"_ _1e\"> </span>operating <span class=\"_ _1e\"> </span>decision-maker, <span class=\"_ _1e\"> </span>the <span class=\"_ _1e\"> </span>Group <span class=\"_ _1e\"> </span>Executive <span class=\"_ _1e\"> </span>Management. <span class=\"_ _1e\"> </span>The segment <span class=\"_ _1d\"> </span>reporting <span class=\"_ _1d\"> </span>is <span class=\"_ _13\"> </span>consistent <span class=\"_ _1d\"> </span>with <span class=\"_ _13\"> </span>internal <span class=\"_ _1d\"> </span>policies <span class=\"_ _13\"> </span>regarding <span class=\"_ _1d\"> </span>allocation <span class=\"_ _1d\"> </span>of <span class=\"_ _13\"> </span>resources <span class=\"_ _1d\"> </span>and assessments <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _12\"></span>performance. <span class=\"_ _12\"></span>Transactions <span class=\"_ _12\"></span>between <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>operating <span class=\"_ _12\"></span>segments <span class=\"_ _12\"></span>are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The <span class=\"_\"> </span>Direct <span class=\"_ _13\"> </span>Purchase <span class=\"_\"> </span>segment <span class=\"_\"> </span>consists <span class=\"_ _2f\"> </span>of <span class=\"_\"> </span>transactions <span class=\"_ _13\"> </span>relating <span class=\"_\"> </span>to <span class=\"_\"> </span>sale <span class=\"_ _2f\"> </span>of <span class=\"_\"> </span>solar <span class=\"_ _13\"> </span>panels <span class=\"_\"> </span>and related products, <span class=\"_ _e\"></span>while <span class=\"_ _e\"></span>the Subscription <span class=\"_ _e\"></span>segment consists <span class=\"_ _e\"></span>of transactions <span class=\"_ _e\"></span>related to <span class=\"_ _e\"></span>customers subscribing <span class=\"_ _13\"> </span>to <span class=\"_\"> </span>use <span class=\"_ _1d\"> </span>solar <span class=\"_\"> </span>panels <span class=\"_ _1d\"> </span>and <span class=\"_\"> </span>related <span class=\"_ _1d\"> </span>products. <span class=\"_\"> </span>Currently <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>subscription <span class=\"_\"> </span>period <span class=\"_ _1d\"> </span>for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo <span class=\"_ _1c\"> </span>accounts <span class=\"_ _57\"> </span>for <span class=\"_ _57\"> </span>revenue <span class=\"_ _57\"> </span>in <span class=\"_ _57\"> </span>accordance <span class=\"_ _57\"> </span>with <span class=\"_ _1c\"> </span>IFRS <span class=\"_ _57\"> </span>15 <span class=\"_ _57\"> </span>Revenue <span class=\"_ _57\"> </span>from <span class=\"_ _57\"> </span>Contracts <span class=\"_ _57\"> </span>with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The <span class=\"_ _10\"></span>Group <span class=\"_ _10\"></span>enters <span class=\"_ _12\"></span>into <span class=\"_ _10\"></span>10 <span class=\"_ _10\"></span>year <span class=\"_ _10\"></span>subscription <span class=\"_ _12\"></span>contracts <span class=\"_ _10\"></span>with <span class=\"_ _10\"></span>customers <span class=\"_ _10\"></span>for <span class=\"_ _12\"></span>their <span class=\"_ _10\"></span>use <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>standard, mass <span class=\"_ _14\"> </span>produced <span class=\"_ _14\"> </span>home <span class=\"_ _14\"> </span>batteries <span class=\"_ _14\"> </span>installed <span class=\"_ _14\"> </span>at <span class=\"_ _14\"> </span>their <span class=\"_ _14\"> </span>premises. <span class=\"_ _14\"> </span>The <span class=\"_ _14\"> </span>batteries <span class=\"_ _14\"> </span>are <span class=\"_ _14\"> </span>guaranteed <span class=\"_ _14\"> </span>by the <span class=\"_ _10\"></span>hardware <span class=\"_ _12\"></span>producers <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>have <span class=\"_ _12\"></span>70-80% <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>original <span class=\"_ _12\"></span>capacity <span class=\"_ _10\"></span>at <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>end <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>lease, <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>the estimated <span class=\"_ _13\"> </span>useful <span class=\"_ _1d\"> </span>life <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>home <span class=\"_ _13\"> </span>battery <span class=\"_ _13\"> </span>is <span class=\"_ _13\"> </span>15 <span class=\"_ _13\"> </span>years <span class=\"_ _13\"> </span>or <span class=\"_ _13\"> </span>more. <span class=\"_ _13\"> </span>The <span class=\"_ _13\"> </span>customer <span class=\"_ _13\"> </span>has <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>right <span class=\"_ _13\"> </span>to purchase <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>battery <span class=\"_ _14\"> </span>during <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>contract <span class=\"_ _14\"> </span>period <span class=\"_ _12\"></span>at <span class=\"_ _12\"></span>residual <span class=\"_ _14\"> </span>value, <span class=\"_ _12\"></span>which <span class=\"_ _12\"></span>is <span class=\"_ _14\"> </span>considered <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>be above <span class=\"_ _d\"> </span>market <span class=\"_ _11\"> </span>value, <span class=\"_ _d\"> </span>or <span class=\"_ _d\"> </span>at <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>end <span class=\"_ _d\"> </span>of <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>contract <span class=\"_ _d\"> </span>period <span class=\"_ _d\"> </span>at <span class=\"_ _11\"> </span>market <span class=\"_ _d\"> </span>value. <span class=\"_ _d\"> </span>Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo <span class=\"_ _e\"></span>has concluded <span class=\"_ _e\"></span>that the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>has not <span class=\"_ _e\"></span>transferred <span class=\"_ _e\"></span>substantially all <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>risks and <span class=\"_ _e\"></span>rewards incidental to <span class=\"_ _e\"></span>ownership of <span class=\"_ _e\"></span>the batteries and <span class=\"_ _e\"></span>has classified <span class=\"_ _e\"></span>the  subscription <span class=\"_ _e\"></span>contracts for <span class=\"_ _e\"></span>home batteries <span class=\"_ _13\"> </span>as <span class=\"_\"> </span>operating <span class=\"_ _13\"> </span>leases. <span class=\"_\"> </span>Operating <span class=\"_ _13\"> </span>lease <span class=\"_\"> </span>payments <span class=\"_ _13\"> </span>are <span class=\"_ _2f\"> </span>recognised <span class=\"_ _13\"> </span> <span class=\"_\"> </span>as <span class=\"_ _13\"> </span>income <span class=\"_\"> </span>on <span class=\"_ _13\"> </span>a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022<span class=\"_ _c\"> </span>Goods: solar systems  and related products such as batteries\u2022<span class=\"_ _c\"> </span>Services: subscriptions relating to use of solar systemsIn <span class=\"_ _12\"></span>addition <span class=\"_ _12\"></span>to <span class=\"_ _14\"></span>selling <span class=\"_ _12\"></span>solar <span class=\"_ _12\"></span>systems <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>Group <span class=\"_ _12\"></span>enters <span class=\"_ _12\"></span>into <span class=\"_ _12\"></span>20 <span class=\"_ _14\"></span>year <span class=\"_ _12\"></span>subscription <span class=\"_ _12\"></span>contracts <span class=\"_ _12\"></span>with customers <span class=\"_ _12\"></span>for <span class=\"_ _14\"> </span>their <span class=\"_ _14\"></span>use <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>standard, <span class=\"_ _12\"></span>mass <span class=\"_ _14\"> </span>produced <span class=\"_ _14\"></span>solar <span class=\"_ _12\"></span>panels <span class=\"_ _14\"> </span>installed <span class=\"_ _12\"></span>at <span class=\"_ _14\"> </span>their <span class=\"_ _14\"> </span>premises. The <span class=\"_ _e\"></span>estimated <span class=\"_ _e\"></span>useful <span class=\"_ _e\"></span>life <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>solar panels <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>30-40 <span class=\"_ _e\"></span> <span class=\"_ _e\"></span>years <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>more. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>customer <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>right to purchase <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>solar <span class=\"_ _13\"> </span>panel <span class=\"_ _2f\"> </span>installation <span class=\"_ _13\"> </span>during <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>contract <span class=\"_ _13\"> </span>period <span class=\"_\"> </span>at <span class=\"_ _1d\"> </span>residual <span class=\"_ _13\"> </span>value, <span class=\"_ _13\"> </span>which <span class=\"_\"> </span>is considered <span class=\"_ _14\"></span>to <span class=\"_ _14\"></span>be <span class=\"_ _14\"></span>above <span class=\"_ _12\"></span>market <span class=\"_ _14\"> </span>value, <span class=\"_ _14\"> </span>or <span class=\"_ _14\"> </span>at <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>end <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>contract <span class=\"_ _14\"></span>period <span class=\"_ _14\"></span>at <span class=\"_ _14\"></span>market <span class=\"_ _12\"></span>value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the <span class=\"_ _e\"></span>solar panels installed  are standardised, i.e. there <span class=\"_ _e\"></span>is no tailor made solution <span class=\"_ _10\"></span>that <span class=\"_ _12\"></span>works <span class=\"_ _12\"></span>only <span class=\"_ _10\"></span>with <span class=\"_ _12\"></span>that <span class=\"_ _12\"></span>specific <span class=\"_ _10\"></span>house <span class=\"_ _12\"></span>or <span class=\"_ _10\"></span>on <span class=\"_ _12\"></span>that <span class=\"_ _12\"></span>specific <span class=\"_ _10\"></span>roof. <span class=\"_ _12\"></span>The <span class=\"_ _10\"></span>solar <span class=\"_ _12\"></span>panels <span class=\"_ _12\"></span>are guaranteed <span class=\"_ _14\"> </span>by <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>hardware <span class=\"_ _1d\"> </span>producers <span class=\"_ _14\"> </span>to <span class=\"_ _14\"> </span>have <span class=\"_ _1d\"> </span>no <span class=\"_ _14\"> </span>malfunctions <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>12-15 <span class=\"_ _1d\"> </span>years, <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>have <span class=\"_ _1d\"> </span>a performance <span class=\"_ _11\"> </span>warranty <span class=\"_ _11\"> </span>of <span class=\"_ _11\"> </span>25 <span class=\"_ _d\"> </span>years. <span class=\"_ _11\"> </span>The <span class=\"_ _11\"> </span>customer <span class=\"_ _11\"> </span>can <span class=\"_ _11\"> </span>choose <span class=\"_ _11\"> </span>amongst <span class=\"_ _11\"> </span>different <span class=\"_ _11\"> </span>panels standards <span class=\"_ _14\"> </span>but <span class=\"_ _1d\"> </span>is <span class=\"_ _14\"> </span>not <span class=\"_ _1d\"> </span>able <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>direct <span class=\"_ _14\"> </span>how <span class=\"_ _1d\"> </span>and <span class=\"_ _14\"> </span>for <span class=\"_ _1d\"> </span>what <span class=\"_ _14\"> </span>purpose <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>solar <span class=\"_ _1d\"> </span>panel <span class=\"_ _14\"> </span>installation <span class=\"_ _1d\"> </span>is used throughout <span class=\"_ _e\"></span>the period of <span class=\"_ _e\"></span>use. The Group <span class=\"_ _e\"></span>has chosen to <span class=\"_ _e\"></span>classify these contracts <span class=\"_ _e\"></span>as service agreements in accordance with IFRS 15.When <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>Group <span class=\"_ _e\"></span>enters <span class=\"_ _10\"></span>into <span class=\"_ _e\"></span>an <span class=\"_ _10\"></span>agreement <span class=\"_ _e\"></span>with <span class=\"_ _10\"></span>a <span class=\"_ _e\"></span>customer, <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>goods <span class=\"_ _10\"></span>and <span class=\"_ _e\"></span>services <span class=\"_ _10\"></span>promised in <span class=\"_\"> </span>the <span class=\"_ _19\"> </span>contract <span class=\"_\"> </span>are <span class=\"_ _19\"> </span>identified <span class=\"_ _45\"> </span>as <span class=\"_ _19\"> </span>separate <span class=\"_ _19\"> </span>performance <span class=\"_\"> </span>obligations <span class=\"_ _19\"> </span>to <span class=\"_\"> </span>the <span class=\"_ _19\"> </span>extent <span class=\"_ _45\"> </span>that <span class=\"_ _19\"> </span>the customer <span class=\"_ _14\"> </span>can <span class=\"_ _1d\"> </span>benefit <span class=\"_ _1d\"> </span>from <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>goods <span class=\"_ _1d\"> </span>or <span class=\"_ _1d\"> </span>services <span class=\"_ _14\"> </span>either <span class=\"_ _1d\"> </span>on <span class=\"_ _1d\"> </span>their <span class=\"_ _14\"> </span>own <span class=\"_ _1d\"> </span>or <span class=\"_ _1d\"> </span>together <span class=\"_ _1d\"> </span>with <span class=\"_ _14\"> </span>other resources <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>are <span class=\"_ _13\"> </span>readily <span class=\"_ _13\"> </span>available <span class=\"_ _13\"> </span>to <span class=\"_ _2f\"> </span>the <span class=\"_ _13\"> </span>customer, <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>goods <span class=\"_ _2f\"> </span>and <span class=\"_ _13\"> </span>services <span class=\"_ _13\"> </span>are separately <span class=\"_ _14\"> </span>identifiable <span class=\"_ _1d\"> </span>from <span class=\"_ _14\"> </span>other <span class=\"_ _1d\"> </span>promises <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>contract. <span class=\"_ _14\"> </span>Goods <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>services <span class=\"_ _14\"> </span>that <span class=\"_ _1d\"> </span>do <span class=\"_ _14\"> </span>not meet <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>criteria <span class=\"_ _1d\"> </span>to <span class=\"_ _14\"> </span>be <span class=\"_ _1d\"> </span>identified <span class=\"_ _14\"> </span>as <span class=\"_ _1d\"> </span>separate <span class=\"_ _14\"> </span>performance <span class=\"_ _14\"> </span>obligations <span class=\"_ _1d\"> </span>are <span class=\"_ _14\"> </span>aggregated <span class=\"_ _1d\"> </span>with other <span class=\"_\"> </span>goods <span class=\"_ _13\"> </span>and/or <span class=\"_\"> </span>services <span class=\"_ _2f\"> </span>in <span class=\"_\"> </span>the <span class=\"_ _13\"> </span>agreement, <span class=\"_\"> </span>until <span class=\"_ _2f\"> </span>a <span class=\"_\"> </span>separate <span class=\"_ _13\"> </span>performance <span class=\"_\"> </span>obligation <span class=\"_ _2f\"> </span>is identified. <span class=\"_ _10\"></span>Otovo\u2019s <span class=\"_ _12\"></span>contracts <span class=\"_ _10\"></span>with <span class=\"_ _12\"></span>customers <span class=\"_ _12\"></span>are <span class=\"_ _10\"></span>for <span class=\"_ _12\"></span>installation <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>a <span class=\"_ _10\"></span>complete <span class=\"_ _12\"></span>system <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>solar panels and related products, as well as subscription services <span class=\"_ _e\"></span>for the use of solar panels. It is not possible <span class=\"_\"> </span>to <span class=\"_ _13\"> </span>purchase <span class=\"_\"> </span>neither <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>solar <span class=\"_\"> </span>panels <span class=\"_ _13\"> </span>nor <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>installation <span class=\"_\"> </span>services <span class=\"_ _13\"> </span>separately <span class=\"_\"> </span>from Otovo <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>solar <span class=\"_ _e\"></span>panels <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>first <span class=\"_ _10\"></span>delivered <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>customer <span class=\"_ _e\"></span>when <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>installation <span class=\"_ _e\"></span>starts. <span class=\"_ _e\"></span>The solar <span class=\"_ _e\"></span>panels <span class=\"_ _e\"></span> <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>installation <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>highly <span class=\"_ _e\"></span>interrelated <span class=\"_ _e\"></span> <span class=\"_ _e\"></span>as <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>customer <span class=\"_ _e\"></span>can <span class=\"_ _e\"></span>not <span class=\"_ _e\"></span>benefit <span class=\"_ _e\"></span>from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar <span class=\"_ _14\"> </span>panels. <span class=\"_ _14\"> </span>These <span class=\"_ _14\"> </span>are <span class=\"_ _1d\"> </span>guarantees <span class=\"_ _14\"> </span>that <span class=\"_ _14\"> </span>are <span class=\"_ _14\"> </span>either <span class=\"_ _1d\"> </span>mandatory <span class=\"_ _14\"> </span>or <span class=\"_ _14\"> </span>expected <span class=\"_ _14\"> </span>by <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>customer and <span class=\"_ _e\"></span>not <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>product <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>could <span class=\"_ _e\"></span>have <span class=\"_ _e\"></span>been <span class=\"_ _e\"></span>sold <span class=\"_ _10\"></span>separately, <span class=\"_ _e\"></span>hence <span class=\"_ _e\"></span>Otovo <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>concluded <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>the guarantee is not a separate performance obligation.The Group determines the <span class=\"_ _e\"></span>transaction price to be the amount of <span class=\"_ _e\"></span>consideration which it expects to <span class=\"_ _12\"></span>be <span class=\"_ _10\"></span>entitled <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>exchange <span class=\"_ _10\"></span>for <span class=\"_ _12\"></span>transferring <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>promised <span class=\"_ _10\"></span>goods <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>services <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>customer, net <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>discounts <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>sales <span class=\"_ _13\"> </span>related <span class=\"_ _2f\"> </span>taxes. <span class=\"_ _13\"> </span>Sales <span class=\"_ _13\"> </span>related <span class=\"_ _13\"> </span>taxes <span class=\"_ _13\"> </span>are <span class=\"_ _13\"> </span>regarded <span class=\"_ _2f\"> </span>as <span class=\"_ _13\"> </span>collected <span class=\"_ _13\"> </span>on behalf <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>authorities. <span class=\"_ _1d\"> </span>The <span class=\"_ _1d\"> </span>Group <span class=\"_ _1d\"> </span>adjusts <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>transaction <span class=\"_ _1d\"> </span>price <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>a <span class=\"_ _1d\"> </span>significant <span class=\"_ _1d\"> </span>financing component <span class=\"_ _14\"> </span>if, <span class=\"_ _14\"> </span>at <span class=\"_ _1d\"> </span>contract <span class=\"_ _14\"> </span>inception, <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>expected <span class=\"_ _1d\"> </span>period <span class=\"_ _14\"> </span>between <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>transfer <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>a <span class=\"_ _14\"> </span>good <span class=\"_ _1d\"> </span>or service to <span class=\"_ _e\"></span>the customer and when <span class=\"_ _e\"></span>the customer pays <span class=\"_ _e\"></span>for that good <span class=\"_ _e\"></span>or service is <span class=\"_ _e\"></span>more than one year, <span class=\"_ _1d\"> </span>unless <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>timing <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>transfer <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>those <span class=\"_ _13\"> </span>goods <span class=\"_ _1d\"> </span>or <span class=\"_ _1d\"> </span>services <span class=\"_ _1d\"> </span>is <span class=\"_ _1d\"> </span>at <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>discretion <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>the customer <span class=\"_ _10\"></span>(i.e. <span class=\"_ _10\"></span>prepaid <span class=\"_ _10\"></span>services). <span class=\"_ _e\"></span>Prepayments <span class=\"_ _10\"></span>are <span class=\"_ _10\"></span>used <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>some <span class=\"_ _10\"></span>markets <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>reduce <span class=\"_ _10\"></span>credit <span class=\"_ _10\"></span>risk. Due <span class=\"_\"> </span>to <span class=\"_\"> </span>the <span class=\"_\"> </span>short <span class=\"_ _2f\"> </span>time <span class=\"_\"> </span>lag <span class=\"_\"> </span>between <span class=\"_\"> </span>prepayment <span class=\"_ _2f\"> </span>and <span class=\"_\"> </span>transfer <span class=\"_\"> </span>of <span class=\"_\"> </span>ownership <span class=\"_ _2f\"> </span>the <span class=\"_\"> </span>Group <span class=\"_\"> </span>has concluded that <span class=\"_ _e\"></span>the contract <span class=\"_ _e\"></span>does <span class=\"_ _e\"></span>not include <span class=\"_ _e\"></span>a financing <span class=\"_ _e\"></span>arrangement. In <span class=\"_ _e\"></span>some of <span class=\"_ _e\"></span>the Group\u2019s markets <span class=\"_ _13\"> </span>parts <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>settlement <span class=\"_ _13\"> </span>from <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>customer <span class=\"_ _13\"> </span>is <span class=\"_ _13\"> </span>through <span class=\"_ _13\"> </span>non-cash <span class=\"_ _13\"> </span>consideration, <span class=\"_ _13\"> </span>the non- cash <span class=\"_ _e\"></span>consideration is recognised <span class=\"_ _e\"></span>at fair value <span class=\"_ _e\"></span>at the transaction <span class=\"_ _e\"></span>date. Payment terms <span class=\"_ _e\"></span>are ranging from a few days to a few weeks, varying from market to market.New <span class=\"_ _1e\"> </span>contracts <span class=\"_ _1e\"> </span>are <span class=\"_ _1e\"> </span>created <span class=\"_ _1e\"> </span>for <span class=\"_ _1e\"> </span>any <span class=\"_ _1e\"> </span>modifications <span class=\"_ _1e\"> </span>after <span class=\"_ _1e\"> </span>installation, <span class=\"_ _1e\"> </span>this <span class=\"_ _1e\"> </span>is <span class=\"_ _1e\"> </span>invoiced <span class=\"_ _1e\"> </span>and recognised in revenues separately.Revenue <span class=\"_\"> </span>is <span class=\"_ _19\"> </span>recognised <span class=\"_ _19\"> </span>when <span class=\"_ _19\"> </span>the <span class=\"_\"> </span>respective performance <span class=\"_ _13\"> </span>obligations <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>the <span class=\"_ _1d\"> </span>contract <span class=\"_ _13\"> </span>are satisfied <span class=\"_ _21\"> </span>and <span class=\"_ _21\"> </span>payment <span class=\"_ _1f\"> </span>remains <span class=\"_ _21\"> </span>probable. Revenue <span class=\"_ _21\"> </span>from <span class=\"_ _21\"> </span>sales <span class=\"_ _f\"> </span>of <span class=\"_ _21\"> </span>solar <span class=\"_ _21\"> </span>panels <span class=\"_ _21\"> </span>and batteries <span class=\"_\"> </span>is <span class=\"_\"> </span>recognised <span class=\"_ _19\"> </span>at <span class=\"_\"> </span>the <span class=\"_ _45\"> </span>point <span class=\"_ _19\"> </span>in <span class=\"_\"> </span>time when the solar panel installation is <span class=\"_ _e\"></span>completed and <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>related <span class=\"_ _12\"></span>significant <span class=\"_ _14\"> </span>risks <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>rewards of <span class=\"_ _13\"> </span>ownership <span class=\"_ _13\"> </span>is <span class=\"_\"> </span>transferred <span class=\"_ _1d\"> </span>to <span class=\"_\"> </span>the <span class=\"_ _1d\"> </span>customer. Revenue <span class=\"_ _1c\"> </span>from <span class=\"_ _57\"> </span>the <span class=\"_ _57\"> </span>provision <span class=\"_ _57\"> </span>of <span class=\"_ _1c\"> </span>services <span class=\"_ _57\"> </span>is generally <span class=\"_ _45\"> </span>recognised <span class=\"_ _19\"> </span>over <span class=\"_ _19\"> </span>time <span class=\"_ _19\"> </span>when <span class=\"_ _19\"> </span>or <span class=\"_ _19\"> </span>as the Group <span class=\"_ _e\"></span>performs the <span class=\"_ _e\"></span>related <span class=\"_ _e\"></span>service during the agreed service period.When <span class=\"_ _13\"> </span>another <span class=\"_\"> </span>party <span class=\"_ _13\"> </span>is <span class=\"_ _2f\"> </span>involved <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>providing goods <span class=\"_ _13\"> </span>or <span class=\"_ _13\"> </span>services <span class=\"_ _2f\"> </span>to <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>customer, <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>Group evaluates <span class=\"_ _1c\"> </span>whether <span class=\"_ _1e\"> </span>it <span class=\"_ _1c\"> </span>has <span class=\"_ _1c\"> </span>an <span class=\"_ _1c\"> </span>obligation <span class=\"_ _1c\"> </span>to provide <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>specified <span class=\"_ _14\"></span>goods <span class=\"_ _14\"></span>or <span class=\"_ _14\"></span>services <span class=\"_ _14\"></span>itself (i.e. <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>a <span class=\"_ _10\"></span>principal) <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>arrange <span class=\"_ _e\"></span>for those <span class=\"_ _e\"></span>goods or <span class=\"_ _e\"></span>services <span class=\"_ _e\"></span>to be <span class=\"_ _e\"></span>provided <span class=\"_ _e\"></span>by the other party <span class=\"_ _e\"></span>(i.e. the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>is an <span class=\"_ _e\"></span>agent). Where <span class=\"_ _58\"></span> the <span class=\"_ _13\"> </span>Group <span class=\"_\"> </span>acts <span class=\"_ _1d\"> </span>as <span class=\"_\"> </span>a <span class=\"_ _13\"> </span>principal, <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>revenues are <span class=\"_ _11\"> </span>recognised <span class=\"_ _11\"> </span>on <span class=\"_ _d\"> </span>a <span class=\"_ _11\"> </span>gross <span class=\"_ _11\"> </span>basis <span class=\"_ _11\"> </span>with <span class=\"_ _11\"> </span>any related <span class=\"_ _11\"> </span>expenses <span class=\"_ _11\"> </span>charged <span class=\"_ _11\"> </span>as <span class=\"_ _11\"> </span>costs. <span class=\"_ _d\"> </span>Where the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>acts as <span class=\"_ _e\"></span>an <span class=\"_ _e\"></span>agent, <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>expenses <span class=\"_ _e\"></span>are offset <span class=\"_ _12\"></span>against <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>revenues <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>resulting net <span class=\"_ _15\"> </span>revenues <span class=\"_ _17\"> </span>represent <span class=\"_ _15\"> </span>the <span class=\"_ _15\"> </span>margins <span class=\"_ _15\"> </span>or commissions <span class=\"_ _10\"></span>earned <span class=\"_ _10\"></span>for <span class=\"_ _10\"></span>providing <span class=\"_ _12\"></span>services <span class=\"_ _e\"></span>in the <span class=\"_ _17\"> </span>capacity <span class=\"_ _15\"> </span>of <span class=\"_ _17\"> </span>an <span class=\"_ _17\"> </span>agent. <span class=\"_ _15\"> </span>Solar <span class=\"_ _17\"> </span>panel installations <span class=\"_ _19\"> </span>are <span class=\"_ _d\"> </span>performed <span class=\"_ _19\"> </span>by <span class=\"_ _19\"> </span>a <span class=\"_ _d\"> </span>significant number <span class=\"_ _57\"> </span>of <span class=\"_ _1b\"> </span>partners <span class=\"_ _57\"> </span>registered <span class=\"_ _1b\"> </span>on <span class=\"_ _57\"> </span>Otovo\u2019s digital <span class=\"_ _e\"></span>platform, though <span class=\"_ _e\"></span>as <span class=\"_ _e\"></span>it <span class=\"_ _e\"></span>is the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>that has <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>primary <span class=\"_ _12\"></span>responsibility <span class=\"_ _12\"></span>for <span class=\"_ _12\"></span>fulfilling <span class=\"_ _10\"></span>the promise <span class=\"_ _e\"></span>towards the <span class=\"_ _e\"></span>customer revenues <span class=\"_ _e\"></span>from installation <span class=\"_ _1e\"> </span>of <span class=\"_ _1e\"> </span>solar <span class=\"_ _1c\"> </span>panels <span class=\"_ _1e\"> </span>are <span class=\"_ _1c\"> </span>recognised gross <span class=\"_ _10\"></span>in <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>income <span class=\"_ _10\"></span>statement. <span class=\"_ _12\"></span>The <span class=\"_ _10\"></span>revenues from <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>broker <span class=\"_ _10\"></span>model <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>French <span class=\"_ _10\"></span>business were <span class=\"_ _21\"> </span>recognised <span class=\"_ _21\"> </span>as <span class=\"_ _21\"> </span>agent <span class=\"_ _1f\"> </span>revenues. <span class=\"_ _21\"> </span>The broker model was discontinued during 2021.Government grantsGovernment <span class=\"_ _1f\"> </span>grants <span class=\"_ _1f\"> </span>are <span class=\"_ _1a\"> </span>recognised <span class=\"_ _1f\"> </span>when there <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>reasonable <span class=\"_ _12\"></span>assurance <span class=\"_ _12\"></span>that <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>grant will <span class=\"_ _14\"> </span>be <span class=\"_ _1d\"> </span>received, <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>all <span class=\"_ _1d\"> </span>attached <span class=\"_ _14\"> </span>conditions will <span class=\"_ _10\"></span>be <span class=\"_ _12\"></span>complied <span class=\"_ _10\"></span>with. <span class=\"_ _10\"></span>When <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>grants <span class=\"_ _10\"></span>relate to <span class=\"_ _12\"></span>an <span class=\"_ _12\"></span>expense <span class=\"_ _12\"></span>item, <span class=\"_ _12\"></span>it <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>normally <span class=\"_ _10\"></span>recognised as <span class=\"_ _34\"> </span>a <span class=\"_ _34\"> </span>reduction <span class=\"_ _18\"> </span>of <span class=\"_ _34\"> </span>the <span class=\"_ _18\"> </span>expense <span class=\"_ _34\"> </span>on <span class=\"_ _18\"> </span>a systematic <span class=\"_ _d\"> </span>basis <span class=\"_ _d\"> </span>over <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>periods <span class=\"_ _19\"> </span>that <span class=\"_ _11\"> </span>the related <span class=\"_ _1b\"> </span>costs, <span class=\"_ _f\"> </span>for <span class=\"_ _1b\"> </span>which <span class=\"_ _f\"> </span>it <span class=\"_ _1b\"> </span>is <span class=\"_ _f\"> </span>intended <span class=\"_ _1b\"> </span>to compensate, <span class=\"_ _13\"> </span>are <span class=\"_\"> </span>expensed. <span class=\"_ _13\"> </span>When <span class=\"_ _2f\"> </span>the <span class=\"_ _13\"> </span>grant relates <span class=\"_ _11\"> </span>to <span class=\"_ _d\"> </span>an <span class=\"_ _11\"> </span>asset <span class=\"_ _11\"> </span>it <span class=\"_ _11\"> </span>is <span class=\"_ _11\"> </span>recognised <span class=\"_ _d\"> </span>in <span class=\"_ _11\"> </span>the income <span class=\"_ _d\"> </span>statement <span class=\"_ _19\"> </span>over <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>useful <span class=\"_ _d\"> </span>life <span class=\"_ _d\"> </span>of <span class=\"_ _19\"> </span>a depreciable <span class=\"_ _22\"> </span>asset <span class=\"_ _22\"> </span>as <span class=\"_ _22\"> </span>other <span class=\"_ _22\"> </span>operating revenues.Employee benefitsCurrent <span class=\"_ _1a\"> </span>liabilities <span class=\"_ _1a\"> </span>to <span class=\"_ _1a\"> </span>employees, <span class=\"_ _1a\"> </span>such <span class=\"_ _1a\"> </span>as salary, <span class=\"_ _57\"> </span>are <span class=\"_ _57\"> </span>measured <span class=\"_ _57\"> </span>at <span class=\"_ _57\"> </span>an <span class=\"_ _57\"> </span>undiscounted basis <span class=\"_ _1d\"> </span>and <span class=\"_ _13\"> </span>recognized <span class=\"_ _13\"> </span>in <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>period <span class=\"_ _13\"> </span>in <span class=\"_ _1d\"> </span>which they are incurred.Pension <span class=\"_ _19\"> </span>contributions <span class=\"_ _d\"> </span>are <span class=\"_ _19\"> </span>paid <span class=\"_ _d\"> </span>into <span class=\"_ _19\"> </span>defined contribution <span class=\"_ _14\"> </span>pension <span class=\"_ _1d\"> </span>plans <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>there <span class=\"_ _1d\"> </span>are <span class=\"_ _1d\"> </span>no outstanding <span class=\"_ _1d\"> </span>pension <span class=\"_ _1d\"> </span>liabilities <span class=\"_ _13\"> </span>at <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>time <span class=\"_ _1d\"> </span>of the <span class=\"_ _1e\"> </span>payments. <span class=\"_ _1e\"> </span>Contributions <span class=\"_ _1e\"> </span>made <span class=\"_ _1e\"> </span>for <span class=\"_ _1e\"> </span>the defined <span class=\"_ _3d\"> </span>contribution <span class=\"_ _2e\"> </span>pension <span class=\"_ _3d\"> </span>plans <span class=\"_ _2e\"> </span>are expensed <span class=\"_ _1e\"> </span>in <span class=\"_ _1e\"> </span>the <span class=\"_ _1e\"> </span>period <span class=\"_ _1e\"> </span>in <span class=\"_ _1e\"> </span>which <span class=\"_ _1e\"> </span>they <span class=\"_ _1e\"> </span>are incurred.Share-based paymentsThe <span class=\"_\"> </span>fair <span class=\"_ _13\"> </span>value <span class=\"_\"> </span>of <span class=\"_ _13\"> </span>options <span class=\"_\"> </span>granted <span class=\"_\"> </span>under <span class=\"_ _13\"> </span>the share-based <span class=\"_ _3c\"> </span>payments <span class=\"_ _40\"> </span>programme <span class=\"_ _3c\"> </span>is recognized <span class=\"_ _1d\"> </span>as <span class=\"_ _1d\"> </span>an <span class=\"_ _13\"> </span>employee <span class=\"_ _1d\"> </span>benefit <span class=\"_ _1d\"> </span>expense with <span class=\"_ _14\"> </span>a <span class=\"_ _1d\"> </span>corresponding <span class=\"_ _1d\"> </span>increase <span class=\"_ _1d\"> </span>in <span class=\"_ _1d\"> </span>equity <span class=\"_ _1d\"> </span>and other current liabilities.The <span class=\"_ _15\"> </span>Group <span class=\"_ _15\"> </span>has <span class=\"_ _15\"> </span>share-based <span class=\"_ _15\"> </span>payment <span class=\"_ _17\"> </span>programs <span class=\"_ _15\"> </span>to management <span class=\"_ _1c\"> </span>and <span class=\"_ _1c\"> </span>employees. <span class=\"_ _1e\"> </span>The <span class=\"_ _1c\"> </span>Group <span class=\"_ _1c\"> </span>is <span class=\"_ _1c\"> </span>obliged <span class=\"_ _1c\"> </span>to withhold <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>pay <span class=\"_ _e\"></span>an <span class=\"_ _e\"></span>amount, <span class=\"_ _e\"></span>and report <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>full <span class=\"_ _e\"></span>amount, <span class=\"_ _e\"></span>to local <span class=\"_ _1c\"> </span>tax <span class=\"_ _1c\"> </span>authorities <span class=\"_ _57\"> </span>for <span class=\"_ _1c\"> </span>the <span class=\"_ _57\"> </span>employee\u2019s <span class=\"_ _1c\"> </span>tax <span class=\"_ _1c\"> </span>obligations associated <span class=\"_ _11\"> </span>with <span class=\"_ _1e\"> </span>redemption <span class=\"_ _11\"> </span>of <span class=\"_ _1e\"> </span>vested <span class=\"_ _11\"> </span>share <span class=\"_ _1e\"> </span>options. <span class=\"_ _11\"> </span>In addition, the Group <span class=\"_ _e\"></span>may be obliged to <span class=\"_ _e\"></span>report and pay social security <span class=\"_ _15\"> </span>tax. <span class=\"_ _15\"> </span>These <span class=\"_ _15\"> </span>share-based <span class=\"_ _17\"> </span>payment <span class=\"_ _15\"> </span>programs, including tax, are <span class=\"_ _e\"></span>considered as equity-settled <span class=\"_ _e\"></span>share-based payments. <span class=\"_ _11\"> </span>In <span class=\"_ _11\"> </span>addition, <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _11\"> </span>is <span class=\"_ _11\"> </span>obliged <span class=\"_ _11\"> </span>to <span class=\"_ _11\"> </span>make <span class=\"_ _11\"> </span>a provision <span class=\"_ _14\"></span>for <span class=\"_ _14\"></span>social <span class=\"_ _12\"></span>security <span class=\"_ _14\"> </span>tax <span class=\"_ _14\"> </span>related <span class=\"_ _14\"> </span>to <span class=\"_ _14\"> </span>these <span class=\"_ _14\"> </span>programs, to <span class=\"_ _10\"></span>be <span class=\"_ _10\"></span>transferred <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>tax <span class=\"_ _10\"></span>authority, <span class=\"_ _12\"></span>normally <span class=\"_ _e\"></span>in <span class=\"_ _12\"></span>cash. <span class=\"_ _e\"></span>This part <span class=\"_ _15\"> </span>of <span class=\"_ _15\"> </span>the <span class=\"_ _15\"> </span>share-based <span class=\"_ _34\"> </span>payment <span class=\"_ _15\"> </span>arrangements <span class=\"_ _15\"> </span>is recognised as a cash-settled share-based payment.Equity-settled <span class=\"_ _e\"></span>share-based <span class=\"_ _10\"></span>payments <span class=\"_ _10\"></span>are <span class=\"_ _10\"></span>measured <span class=\"_ _e\"></span>at <span class=\"_ _10\"></span>fair value <span class=\"_\"> </span>(excluding <span class=\"_\"> </span>the <span class=\"_\"> </span>effect <span class=\"_\"> </span>of <span class=\"_\"> </span>non-market-based <span class=\"_ _19\"> </span>vesting conditions) <span class=\"_ _12\"></span>at <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>date <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>grant. <span class=\"_ _14\"></span>The <span class=\"_ _12\"></span>fair <span class=\"_ _12\"></span>value <span class=\"_ _12\"></span>determined at <span class=\"_ _1f\"> </span>the <span class=\"_ _1a\"> </span>grant <span class=\"_ _1f\"> </span>date <span class=\"_ _1f\"> </span>of <span class=\"_ _1f\"> </span>the <span class=\"_ _1a\"> </span>equity-settled <span class=\"_ _1f\"> </span>share-based payments is expensed over <span class=\"_ _e\"></span>the vesting period, based on the Group\u2019s <span class=\"_ _d\"> </span>estimate <span class=\"_ _d\"> </span>of <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>shares <span class=\"_ _d\"> </span>that <span class=\"_ _11\"> </span>will <span class=\"_ _19\"> </span>eventually <span class=\"_ _d\"> </span>vest, adjusted <span class=\"_ _1f\"> </span>for <span class=\"_ _1f\"> </span>the <span class=\"_ _21\"> </span>effect <span class=\"_ _1f\"> </span>of <span class=\"_ _1f\"> </span>non-market <span class=\"_ _1f\"> </span>based <span class=\"_ _1f\"> </span>vesting conditions. <span class=\"_ _2e\"> </span>Cash-settled <span class=\"_ _2e\"> </span>share-based <span class=\"_ _2e\"> </span>payments <span class=\"_ _2e\"> </span>are measured <span class=\"_ _f\"> </span>at <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>of <span class=\"_ _f\"> </span>the <span class=\"_ _f\"> </span>liability. <span class=\"_ _f\"> </span>The <span class=\"_ _f\"> </span>liability <span class=\"_ _f\"> </span>is remeasured at each reporting date.Financial income and expensesInterest <span class=\"_ _e\"></span>income or <span class=\"_ _e\"></span>expense is <span class=\"_ _e\"></span>recognised <span class=\"_ _e\"></span>using the <span class=\"_ _e\"></span>effective interest method.Income taxIncome <span class=\"_ _e\"></span>tax <span class=\"_ _e\"></span>expense <span class=\"_ _e\"></span>includes <span class=\"_ _e\"></span>taxes <span class=\"_ _e\"></span>incurred <span class=\"_ _e\"></span>during <span class=\"_ _e\"></span>the year (tax <span class=\"_ _e\"></span>payable) and <span class=\"_ _e\"></span>changes <span class=\"_ _e\"></span>in deferred <span class=\"_ _e\"></span>tax <span class=\"_ _e\"></span>and deferred <span class=\"_ _e\"></span>tax assets.Deferred <span class=\"_ _16\"> </span>income <span class=\"_ _1a\"> </span>tax <span class=\"_ _16\"> </span>is <span class=\"_ _16\"> </span>calculated <span class=\"_ _1a\"> </span>on <span class=\"_ _16\"> </span>all <span class=\"_ _16\"> </span>temporary differences <span class=\"_ _11\"> </span>between <span class=\"_ _11\"> </span>the <span class=\"_ _1e\"> </span>carrying <span class=\"_ _11\"> </span>amounts <span class=\"_ _11\"> </span>for <span class=\"_ _1e\"> </span>reporting purposes <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>taxable <span class=\"_ _14\"> </span>value <span class=\"_ _14\"> </span>at <span class=\"_ _14\"> </span>the <span class=\"_ _14\"></span>reporting <span class=\"_ _12\"></span>date. <span class=\"_ _14\"> </span>The tax calculations <span class=\"_ _e\"></span>are based on <span class=\"_ _e\"></span>the nominal tax <span class=\"_ _e\"></span>rate. Deferred tax <span class=\"_\"> </span>assets <span class=\"_ _19\"> </span>arise <span class=\"_ _19\"> </span>when <span class=\"_ _19\"> </span>the <span class=\"_\"> </span>temporary <span class=\"_ _19\"> </span>differences <span class=\"_ _19\"> </span>provide taxable <span class=\"_ _1b\"> </span>deduction <span class=\"_ _1b\"> </span>in <span class=\"_ _1b\"> </span>the <span class=\"_ _1b\"> </span>future, <span class=\"_ _1b\"> </span>and <span class=\"_ _1b\"> </span>the <span class=\"_ _1b\"> </span>deduction <span class=\"_ _1b\"> </span>is expected to be used.Deferred income tax <span class=\"_ _e\"></span>asset and liability are offset <span class=\"_ _e\"></span>when there is <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>legally <span class=\"_ _19\"> </span>enforceable <span class=\"_ _19\"> </span>right <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>offset, <span class=\"_ _d\"> </span>and <span class=\"_ _19\"> </span>is <span class=\"_ _19\"> </span>related <span class=\"_ _19\"> </span>to income <span class=\"_ _12\"></span>taxes <span class=\"_ _12\"></span>levied <span class=\"_ _12\"></span>by <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>same <span class=\"_ _12\"></span>taxation <span class=\"_ _12\"></span>authority <span class=\"_ _12\"></span>for <span class=\"_ _12\"></span>the same <span class=\"_ _12\"></span>taxable <span class=\"_ _12\"></span>entity <span class=\"_ _12\"></span>or <span class=\"_ _14\"></span>separate <span class=\"_ _12\"></span>taxable <span class=\"_ _12\"></span>entities <span class=\"_ _12\"></span>where <span class=\"_ _14\"></span>the intention is to settle taxable positions on a net basis.Tax <span class=\"_ _57\"> </span>payable <span class=\"_ _1b\"> </span>and <span class=\"_ _1b\"> </span>deferred <span class=\"_ _1b\"> </span>tax/deferred <span class=\"_ _1b\"> </span>tax <span class=\"_ _1b\"> </span>assets <span class=\"_ _1b\"> </span>are calculated at the <span class=\"_ _e\"></span>tax rate based on <span class=\"_ _e\"></span>the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty, <span class=\"_ _1d\"> </span>plant <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>equipment <span class=\"_ _13\"> </span>are <span class=\"_ _1d\"> </span>presented <span class=\"_ _13\"> </span>in <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>statement <span class=\"_ _1d\"> </span>of <span class=\"_ _13\"> </span>financial <span class=\"_ _13\"> </span>position <span class=\"_ _13\"> </span>at <span class=\"_ _1d\"> </span>cost, <span class=\"_ _13\"> </span>less accumulated <span class=\"_ _e\"></span>depreciation <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>write-downs. <span class=\"_ _e\"></span>Property, <span class=\"_ _10\"></span>plant <span class=\"_ _10\"></span>and <span class=\"_ _e\"></span>equipment <span class=\"_ _10\"></span>related <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>acquisitions are <span class=\"_ _14\"> </span>recognized <span class=\"_ _14\"> </span>at <span class=\"_ _1d\"> </span>fair <span class=\"_ _14\"> </span>value <span class=\"_ _1d\"> </span>on <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>date <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>acquisition. <span class=\"_ _1d\"> </span>Material <span class=\"_ _14\"> </span>components <span class=\"_ _1d\"> </span>of <span class=\"_ _14\"> </span>fixed <span class=\"_ _1d\"> </span>assets <span class=\"_ _14\"> </span>with varying <span class=\"_ _1a\"> </span>life <span class=\"_ _1a\"> </span>expectancy <span class=\"_ _1a\"> </span>are <span class=\"_ _1a\"> </span>separately <span class=\"_ _1a\"> </span>assessed <span class=\"_ _1a\"> </span>in <span class=\"_ _1a\"> </span>depreciation <span class=\"_ _1f\"> </span>schedules. <span class=\"_ _1a\"> </span>Straight <span class=\"_ _1a\"> </span>line depreciation is used over the useful life of assets.Acquisition <span class=\"_ _12\"></span>costs <span class=\"_ _10\"></span>include <span class=\"_ _12\"></span>costs <span class=\"_ _12\"></span>directly <span class=\"_ _10\"></span>related <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>purchase <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>fixed <span class=\"_ _10\"></span>assets, <span class=\"_ _12\"></span>including <span class=\"_ _12\"></span>purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>maintenance <span class=\"_ _10\"></span>are <span class=\"_ _e\"></span>expensed <span class=\"_ _e\"></span>as <span class=\"_ _10\"></span>incurred. <span class=\"_ _e\"></span>If <span class=\"_ _10\"></span>new <span class=\"_ _e\"></span>parts <span class=\"_ _e\"></span>are <span class=\"_ _10\"></span>capitalised, <span class=\"_ _e\"></span>replaced <span class=\"_ _e\"></span>parts <span class=\"_ _10\"></span>are derecognised <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>any <span class=\"_ _14\"> </span>remaining <span class=\"_ _14\"> </span>net <span class=\"_ _1d\"> </span>carrying <span class=\"_ _14\"> </span>amount <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>recognised <span class=\"_ _14\"> </span>in <span class=\"_ _1d\"> </span>operating <span class=\"_ _14\"> </span>profit <span class=\"_ _14\"> </span>(loss) <span class=\"_ _14\"> </span>as loss on disposal.An <span class=\"_ _e\"></span>asset <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>derecognised <span class=\"_ _10\"></span>at <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>point <span class=\"_ _10\"></span>no <span class=\"_ _e\"></span>future <span class=\"_ _10\"></span>economic <span class=\"_ _10\"></span>benefit <span class=\"_ _10\"></span>can <span class=\"_ _e\"></span>be <span class=\"_ _10\"></span>identified. <span class=\"_ _10\"></span>Gain <span class=\"_ _10\"></span>or <span class=\"_ _e\"></span>loss <span class=\"_ _10\"></span>on sale <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>an <span class=\"_ _12\"></span>asset <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>calculated <span class=\"_ _12\"></span>as <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>difference <span class=\"_ _12\"></span>between <span class=\"_ _10\"></span>sales <span class=\"_ _10\"></span>price <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>book <span class=\"_ _10\"></span>value <span class=\"_ _12\"></span>at <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>time <span class=\"_ _12\"></span>of the <span class=\"_\"> </span>sale. <span class=\"_ _19\"> </span>The <span class=\"_\"> </span>gain <span class=\"_ _19\"> </span>is <span class=\"_ _45\"> </span>recognised <span class=\"_ _19\"> </span>under <span class=\"_ _19\"> </span>other <span class=\"_\"> </span>income <span class=\"_ _19\"> </span>while <span class=\"_\"> </span>the <span class=\"_ _19\"> </span>loss <span class=\"_ _45\"> </span>is <span class=\"_ _19\"> </span>recognised <span class=\"_ _45\"> </span>under <span class=\"_ _19\"> </span>other operating expenses.The <span class=\"_\"> </span>expected <span class=\"_ _19\"> </span>useful <span class=\"_\"> </span>life <span class=\"_ _19\"> </span>and <span class=\"_\"> </span>residual <span class=\"_ _19\"> </span>value, <span class=\"_ _45\"> </span>which <span class=\"_ _19\"> </span>are <span class=\"_ _45\"> </span>used <span class=\"_ _19\"> </span>in <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>depreciation <span class=\"_\"> </span>calculation <span class=\"_ _19\"> </span>of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The <span class=\"_ _12\"></span>Group <span class=\"_ _12\"></span>leases <span class=\"_ _12\"></span>office <span class=\"_ _12\"></span>buildings <span class=\"_ _12\"></span>and <span class=\"_ _14\"></span>smaller <span class=\"_ _12\"></span>equipment. <span class=\"_ _12\"></span>Rental <span class=\"_ _12\"></span>contracts <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>typically <span class=\"_ _12\"></span>made <span class=\"_ _14\"></span>for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use <span class=\"_ _1d\"> </span>assets <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>lease <span class=\"_ _13\"> </span>liabilities <span class=\"_ _1d\"> </span>are <span class=\"_ _1d\"> </span>initially <span class=\"_ _13\"> </span>recognised <span class=\"_ _1d\"> </span>in <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>consolidated <span class=\"_ _13\"> </span>statement <span class=\"_ _1d\"> </span>of financial <span class=\"_ _12\"></span>position <span class=\"_ _12\"></span>at <span class=\"_ _12\"></span>present <span class=\"_ _12\"></span>value <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>future <span class=\"_ _12\"></span>lease <span class=\"_ _12\"></span>payments. <span class=\"_ _12\"></span>Lease <span class=\"_ _12\"></span>payments <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>discounted <span class=\"_ _12\"></span>with the <span class=\"_ _d\"> </span>Group\u2019s <span class=\"_ _d\"> </span>estimated <span class=\"_ _11\"> </span>incremental <span class=\"_ _d\"> </span>borrowing <span class=\"_ _d\"> </span>rate. <span class=\"_ _d\"> </span>Right-of-use <span class=\"_ _11\"> </span>assets <span class=\"_ _d\"> </span>are <span class=\"_ _d\"> </span>depreciated <span class=\"_ _d\"> </span>on <span class=\"_ _11\"> </span>a straight-line <span class=\"_ _e\"></span>basis <span class=\"_ _e\"></span>from <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>time <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>recognition <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>first <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>either <span class=\"_ _e\"></span>end <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>useful <span class=\"_ _e\"></span>life <span class=\"_ _e\"></span>or <span class=\"_ _10\"></span>end <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>lease term. <span class=\"_ _10\"></span>Extension <span class=\"_ _12\"></span>options, <span class=\"_ _10\"></span>which <span class=\"_ _12\"></span>are <span class=\"_ _10\"></span>assessed <span class=\"_ _10\"></span>as <span class=\"_ _12\"></span>reasonably <span class=\"_ _10\"></span>certain <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>be <span class=\"_ _12\"></span>exercised, <span class=\"_ _10\"></span>are <span class=\"_ _10\"></span>included <span class=\"_ _12\"></span>in the <span class=\"_ _12\"></span>lease <span class=\"_ _14\"> </span>term. <span class=\"_ _12\"></span>Lease <span class=\"_ _14\"></span>payments <span class=\"_ _12\"></span>are <span class=\"_ _14\"></span>split <span class=\"_ _12\"></span>into <span class=\"_ _14\"></span>payment <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>principal <span class=\"_ _14\"> </span>and <span class=\"_ _12\"></span>interest. <span class=\"_ _14\"> </span>Interest <span class=\"_ _12\"></span>on <span class=\"_ _14\"> </span>lease liabilities <span class=\"_ _12\"></span>in <span class=\"_ _14\"> </span>each <span class=\"_ _14\"> </span>accounting <span class=\"_ _14\"></span>period <span class=\"_ _12\"></span>during <span class=\"_ _14\"> </span>the <span class=\"_ _14\"></span>lease <span class=\"_ _12\"></span>period <span class=\"_ _14\"> </span>will <span class=\"_ _14\"> </span>be <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>amount <span class=\"_ _14\"> </span>which <span class=\"_ _12\"></span>presents <span class=\"_ _14\"> </span>a constant <span class=\"_ _d\"> </span>periodic <span class=\"_ _d\"> </span>interest <span class=\"_ _d\"> </span>for <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>lease <span class=\"_ _19\"> </span>liability\u2019s <span class=\"_ _11\"> </span>outstanding <span class=\"_ _19\"> </span>balance <span class=\"_ _d\"> </span>(annuity <span class=\"_ _11\"> </span>principle). <span class=\"_ _19\"> </span>The interest expense is included in Net financial items.Payments <span class=\"_ _14\"> </span>associated <span class=\"_ _1d\"> </span>with <span class=\"_ _14\"> </span>short-term <span class=\"_ _1d\"> </span>leases and <span class=\"_ _16\"> </span>all <span class=\"_ _16\"> </span>leases <span class=\"_ _17\"> </span>of <span class=\"_ _16\"> </span>low-value <span class=\"_ _16\"> </span>assets <span class=\"_ _16\"> </span>are recognised <span class=\"_ _1d\"> </span>on <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>straight-line <span class=\"_ _13\"> </span>basis <span class=\"_ _1d\"> </span>as <span class=\"_ _13\"> </span>other operating <span class=\"_ _15\"> </span>expenses <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>the <span class=\"_ _15\"> </span>Consolidated Income <span class=\"_ _1e\"> </span>Statement. <span class=\"_ _11\"> </span>Short- <span class=\"_ _1e\"> </span>term <span class=\"_ _1e\"> </span>leases <span class=\"_ _1e\"> </span>are leases with a lease term of 12 months or less.Right-of-use <span class=\"_ _e\"></span>assets <span class=\"_ _10\"></span>are <span class=\"_ _e\"></span>presented <span class=\"_ _e\"></span>separately in <span class=\"_ _1e\"> </span>the <span class=\"_ _1c\"> </span>consolidated <span class=\"_ _1c\"> </span>statement <span class=\"_ _1c\"> </span>of <span class=\"_ _1e\"> </span>financial position, <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>lease <span class=\"_ _12\"></span>liabilities <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>classified <span class=\"_ _12\"></span>as either <span class=\"_ _21\"> </span>current <span class=\"_ _f\"> </span>or <span class=\"_ _21\"> </span>non-current. <span class=\"_ _21\"> </span>Next <span class=\"_ _f\"> </span>year\u2019s payment <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>principal <span class=\"_ _1d\"> </span>is <span class=\"_ _14\"> </span>classified <span class=\"_ _1d\"> </span>as <span class=\"_ _1d\"> </span>current. Interest <span class=\"_ _1a\"> </span>expenses <span class=\"_ _1a\"> </span>for <span class=\"_ _1a\"> </span>lease <span class=\"_ _1a\"> </span>liabilities <span class=\"_ _1a\"> </span>are presented as part of finance items.In <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>statement <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>cash <span class=\"_ _14\"> </span>flows, <span class=\"_ _12\"></span>payments <span class=\"_ _12\"></span>on lease <span class=\"_ _15\"> </span>principal <span class=\"_ _15\"> </span>is <span class=\"_ _15\"> </span>included <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>financing activities <span class=\"_ _13\"> </span>and <span class=\"_\"> </span>interest <span class=\"_ _13\"> </span>is <span class=\"_\"> </span>operating <span class=\"_ _13\"> </span>activities. The <span class=\"_ _d\"> </span>transaction <span class=\"_ _11\"> </span>of <span class=\"_ _d\"> </span>entering <span class=\"_ _d\"> </span>into <span class=\"_ _11\"> </span>new <span class=\"_ _d\"> </span>lease agreements has no cash flow effect.When <span class=\"_\"> </span>the <span class=\"_\"> </span>Group <span class=\"_ _19\"> </span>revises <span class=\"_\"> </span>its <span class=\"_\"> </span>estimate <span class=\"_ _45\"> </span>of <span class=\"_ _19\"> </span>the term <span class=\"_\"> </span>of <span class=\"_ _13\"> </span>any <span class=\"_\"> </span>lease <span class=\"_\"> </span>(because, <span class=\"_ _13\"> </span>for <span class=\"_\"> </span>example, <span class=\"_\"> </span>it re-assesses <span class=\"_ _17\"> </span>the <span class=\"_ _15\"> </span>probability <span class=\"_ _15\"> </span>of <span class=\"_ _17\"> </span>a <span class=\"_ _15\"> </span>lessee extension <span class=\"_ _25\"> </span>or <span class=\"_ _25\"> </span>termination <span class=\"_ _29\"> </span>option <span class=\"_ _25\"> </span>being exercised), <span class=\"_ _14\"> </span>it <span class=\"_ _1d\"> </span>adjusts <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>carrying <span class=\"_ _1d\"> </span>amount <span class=\"_ _14\"> </span>of the <span class=\"_ _13\"> </span>lease <span class=\"_ _13\"> </span>liability <span class=\"_ _13\"> </span>to <span class=\"_ _13\"> </span>reflect <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>payments <span class=\"_ _13\"> </span>to make <span class=\"_ _1a\"> </span>over <span class=\"_ _1a\"> </span>the <span class=\"_ _16\"> </span>revised <span class=\"_ _1a\"> </span>term, <span class=\"_ _1a\"> </span>which <span class=\"_ _1a\"> </span>are discounted <span class=\"_ _e\"></span>using <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>revised <span class=\"_ _e\"></span>discount <span class=\"_ _10\"></span>rate. <span class=\"_ _10\"></span>The carrying <span class=\"_\"> </span>value <span class=\"_\"> </span>of <span class=\"_\"> </span>lease <span class=\"_ _45\"> </span>liabilities <span class=\"_ _19\"> </span>is <span class=\"_\"> </span>similarly revised <span class=\"_ _13\"> </span>when <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>variable <span class=\"_ _1d\"> </span>element <span class=\"_\"> </span>of <span class=\"_ _1d\"> </span>future lease <span class=\"_ _e\"></span>payments dependent <span class=\"_ _e\"></span>on a <span class=\"_ _e\"></span>rate <span class=\"_ _e\"></span>or index is <span class=\"_ _13\"> </span>revised, <span class=\"_\"> </span>except <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>discount <span class=\"_ _1d\"> </span>rate <span class=\"_\"> </span>remains unchanged. <span class=\"_ _21\"> </span>In <span class=\"_ _1f\"> </span>both <span class=\"_ _21\"> </span>cases <span class=\"_ _1f\"> </span>an <span class=\"_ _21\"> </span>equivalent adjustment <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>made <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>carrying <span class=\"_ _14\"> </span>value <span class=\"_ _1d\"> </span>of the <span class=\"_ _17\"> </span>right-of-use <span class=\"_ _17\"> </span>asset, <span class=\"_ _17\"> </span>with <span class=\"_ _17\"> </span>the <span class=\"_ _17\"> </span>revised carrying <span class=\"_ _d\"> </span>amount <span class=\"_ _11\"> </span>being <span class=\"_ _d\"> </span>amortised <span class=\"_ _d\"> </span>over <span class=\"_ _11\"> </span>the remaining (revised) <span class=\"_ _e\"></span>lease term. <span class=\"_ _e\"></span>If the <span class=\"_ _e\"></span>carrying amount <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>right-of-use <span class=\"_ _14\"> </span>asset <span class=\"_ _12\"></span>is <span class=\"_ _14\"> </span>adjusted to <span class=\"_ _10\"></span>zero, <span class=\"_ _10\"></span>any <span class=\"_ _10\"></span>further <span class=\"_ _10\"></span>reduction <span class=\"_ _10\"></span>is <span class=\"_ _12\"></span>recognised <span class=\"_ _e\"></span>in profit or loss.Intangible assetsIntangible <span class=\"_ _13\"> </span>assets <span class=\"_ _13\"> </span>are <span class=\"_ _13\"> </span>measured <span class=\"_ _13\"> </span>at <span class=\"_ _13\"> </span>cost <span class=\"_ _13\"> </span>less any <span class=\"_ _61\"> </span>accumulated <span class=\"_ _61\"> </span>amortisation <span class=\"_ _61\"> </span>or impairment losses. Intangible assets <span class=\"_ _e\"></span>acquired through <span class=\"_ _5d\"> </span>business <span class=\"_ _ac\"> </span>combinations <span class=\"_ _5d\"> </span>are measured <span class=\"_ _1c\"> </span>at <span class=\"_ _1c\"> </span>fair <span class=\"_ _57\"> </span>value <span class=\"_ _1c\"> </span>at <span class=\"_ _1c\"> </span>the <span class=\"_ _57\"> </span>acquisition date. <span class=\"_ _14\"> </span>Intangible <span class=\"_ _14\"> </span>assets <span class=\"_ _14\"> </span>with <span class=\"_ _14\"> </span>finite <span class=\"_ _14\"> </span>useful <span class=\"_ _14\"> </span>lives are <span class=\"_ _10\"></span>amortised <span class=\"_ _10\"></span>using <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>straight-line <span class=\"_ _10\"></span>method over <span class=\"_ _14\"></span>estimated <span class=\"_ _12\"></span>useful <span class=\"_ _14\"> </span>lives. <span class=\"_ _14\"> </span>Intangible <span class=\"_ _14\"> </span>assets are <span class=\"_ _11\"> </span>derecognized <span class=\"_ _11\"> </span>on <span class=\"_ _d\"> </span>disposal, <span class=\"_ _11\"> </span>or <span class=\"_ _11\"> </span>when <span class=\"_ _11\"> </span>no future <span class=\"_ _12\"></span>economic <span class=\"_ _14\"></span>benefits <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>expected <span class=\"_ _14\"> </span>to <span class=\"_ _12\"></span>be derived. <span class=\"_ _3f\"> </span>Gains <span class=\"_ _2b\"> </span>or <span class=\"_ _3f\"> </span>losses <span class=\"_ _3f\"> </span>arising <span class=\"_ _3f\"> </span>from derecognition are measured as the difference between <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>sales <span class=\"_ _13\"> </span>price <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>carrying <span class=\"_ _13\"> </span>value. The <span class=\"_ _13\"> </span>gains <span class=\"_ _13\"> </span>or <span class=\"_ _13\"> </span>losses <span class=\"_ _13\"> </span>are <span class=\"_ _13\"> </span>recognized <span class=\"_ _13\"> </span>as <span class=\"_ _13\"> </span>other operating <span class=\"_ _2c\"> </span>income <span class=\"_ _2c\"> </span>or <span class=\"_ _3b\"> </span>other <span class=\"_ _2c\"> </span>operating expenses <span class=\"_ _d\"> </span>in <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>consolidated <span class=\"_ _11\"> </span>statement <span class=\"_ _d\"> </span>of income.Research and development costsResearch <span class=\"_ _1c\"> </span>costs <span class=\"_ _57\"> </span>are <span class=\"_ _1c\"> </span>expensed <span class=\"_ _57\"> </span>as <span class=\"_ _57\"> </span>incurred, while development <span class=\"_ _e\"></span>costs are capitalised <span class=\"_ _e\"></span>if the requirements in IAS 38 are met.The <span class=\"_ _13\"> </span>development <span class=\"_ _13\"> </span>costs <span class=\"_\"> </span>capitalised <span class=\"_ _1d\"> </span>relate <span class=\"_ _13\"> </span>to the <span class=\"_ _1f\"> </span>development <span class=\"_ _1a\"> </span>of <span class=\"_ _1f\"> </span>the <span class=\"_ _1f\"> </span>software <span class=\"_ _1a\"> </span>\u201cOtovo Cloud\u201d. <span class=\"_ _1d\"> </span>The <span class=\"_ _13\"> </span>software <span class=\"_ _1d\"> </span>is <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>platform <span class=\"_ _1d\"> </span>used <span class=\"_ _13\"> </span>in the <span class=\"_ _3f\"> </span>interface <span class=\"_ _25\"> </span>between <span class=\"_ _3f\"> </span>the <span class=\"_ _25\"> </span>Group, <span class=\"_ _3f\"> </span>its customers <span class=\"_ _1a\"> </span>and <span class=\"_ _16\"> </span>potential <span class=\"_ _1a\"> </span>customers, <span class=\"_ _16\"> </span>and installation <span class=\"_ _57\"> </span>partners. <span class=\"_ _57\"> </span>See <span class=\"_ _57\"> </span>further <span class=\"_ _57\"> </span>details <span class=\"_ _57\"> </span>in note 13.Development <span class=\"_ _1f\"> </span>expenditures <span class=\"_ _1f\"> </span>are <span class=\"_ _1f\"> </span>capitalised only <span class=\"_ _14\"> </span>when <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>criteria <span class=\"_ _1d\"> </span>for <span class=\"_ _14\"> </span>recognition <span class=\"_ _1d\"> </span>is <span class=\"_ _1d\"> </span>met, i.e. <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>it is <span class=\"_ _e\"></span>probable <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>expected future economic benefits <span class=\"_ _e\"></span>that are <span class=\"_ _e\"></span>attributable to <span class=\"_ _e\"></span>the asset <span class=\"_ _e\"></span>will <span class=\"_ _10\"></span>flow <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>entity, <span class=\"_ _10\"></span>management <span class=\"_ _e\"></span>has committed <span class=\"_\"> </span>itself <span class=\"_\"> </span>to <span class=\"_\"> </span>complete <span class=\"_\"> </span>the <span class=\"_\"> </span>asset, <span class=\"_\"> </span>the technical <span class=\"_\"> </span>feasibility <span class=\"_\"> </span>of <span class=\"_ _2f\"> </span>completing <span class=\"_\"> </span>the <span class=\"_\"> </span>asset has <span class=\"_ _10\"></span>been <span class=\"_ _10\"></span>demonstrated <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>cost <span class=\"_ _10\"></span>can <span class=\"_ _10\"></span>be measured <span class=\"_ _14\"> </span>reliably. <span class=\"_ _1d\"> </span>The <span class=\"_ _14\"> </span>assets <span class=\"_ _1d\"> </span>are <span class=\"_ _1d\"> </span>amortised over <span class=\"_ _e\"></span>their <span class=\"_ _e\"></span>expected useful <span class=\"_ _e\"></span>life <span class=\"_ _e\"></span>once <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>assets are <span class=\"_\"> </span>available <span class=\"_\"> </span>for <span class=\"_\"> </span>use. <span class=\"_\"> </span>Costs <span class=\"_\"> </span>incurred <span class=\"_ _2f\"> </span>during the <span class=\"_\"> </span>research <span class=\"_ _19\"> </span>stage <span class=\"_ _45\"> </span>of <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>project, <span class=\"_\"> </span>as <span class=\"_ _19\"> </span>well <span class=\"_\"> </span>as maintenance <span class=\"_ _40\"> </span>and <span class=\"_ _3c\"> </span>training <span class=\"_ _40\"> </span>costs <span class=\"_ _40\"> </span>are expensed <span class=\"_ _f\"> </span>as <span class=\"_ _f\"> </span>incurred. <span class=\"_ _21\"> </span>Development <span class=\"_ _f\"> </span>costs that <span class=\"_ _e\"></span>do not <span class=\"_ _e\"></span>meet <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>criteria for <span class=\"_ _e\"></span>capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash <span class=\"_ _e\"></span>and cash <span class=\"_ _e\"></span>equivalents <span class=\"_ _e\"></span>consist <span class=\"_ _e\"></span>of cash <span class=\"_ _e\"></span>and short-term <span class=\"_ _1c\"> </span>deposits <span class=\"_ _1c\"> </span>as <span class=\"_ _1e\"> </span>well <span class=\"_ _1c\"> </span>as <span class=\"_ _1c\"> </span>immediately available <span class=\"_ _21\"> </span>balances <span class=\"_ _21\"> </span>with <span class=\"_ _21\"> </span>banks <span class=\"_ _1f\"> </span>and <span class=\"_ _21\"> </span>similar institutions. <span class=\"_ _12\"></span>Short-term <span class=\"_ _12\"></span>deposits <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>easily <span class=\"_ _12\"></span>and readily <span class=\"_ _10\"></span>convertible <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>a <span class=\"_ _10\"></span>known <span class=\"_ _12\"></span>amount <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>cash and <span class=\"_\"> </span>have <span class=\"_\"> </span>a <span class=\"_\"> </span>maturity <span class=\"_\"> </span>of <span class=\"_\"> </span>not <span class=\"_\"> </span>more <span class=\"_\"> </span>than <span class=\"_\"> </span>three months.Interest-bearing liabilitiesInterest-bearing <span class=\"_ _23\"> </span>liabilities <span class=\"_ _23\"> </span>are <span class=\"_ _129\"> </span>initially recognised <span class=\"_ _12\"></span>at <span class=\"_ _12\"></span>fair <span class=\"_ _12\"></span>value <span class=\"_ _12\"></span>less <span class=\"_ _14\"></span>prepaid <span class=\"_ _12\"></span>expenses that <span class=\"_ _d\"> </span>are <span class=\"_ _d\"> </span>directly <span class=\"_ _11\"> </span>attributable <span class=\"_ _19\"> </span>to <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>financial liability.After <span class=\"_ _3a\"> </span>initial <span class=\"_ _3a\"> </span>recognition, <span class=\"_ _3a\"> </span>interest-bearing liabilities are <span class=\"_ _e\"></span>measured at <span class=\"_ _e\"></span>amortised cost using the effective interest-method.ProvisionsProvisions <span class=\"_ _2e\"> </span>such <span class=\"_ _2b\"> </span>as <span class=\"_ _2b\"> </span>workforce <span class=\"_ _2e\"> </span>reductions, onerous <span class=\"_ _18\"> </span>contracts <span class=\"_ _18\"> </span>and <span class=\"_ _26\"> </span>legal <span class=\"_ _18\"> </span>claims <span class=\"_ _18\"> </span>are recognised <span class=\"_ _e\"></span>when the <span class=\"_ _e\"></span>Group has <span class=\"_ _e\"></span>a present <span class=\"_ _e\"></span>legal or <span class=\"_\"> </span>constructive <span class=\"_\"> </span>obligation <span class=\"_ _19\"> </span>as <span class=\"_\"> </span>a <span class=\"_ _19\"> </span>result <span class=\"_\"> </span>of <span class=\"_\"> </span>past events, <span class=\"_ _1a\"> </span>it <span class=\"_ _1a\"> </span>is <span class=\"_ _1a\"> </span>probable <span class=\"_ _1a\"> </span>that <span class=\"_ _1a\"> </span>an <span class=\"_ _1a\"> </span>outflow <span class=\"_ _1a\"> </span>of resources <span class=\"_ _34\"> </span>will <span class=\"_ _18\"> </span>be <span class=\"_ _34\"> </span>required <span class=\"_ _18\"> </span>to <span class=\"_ _34\"> </span>settle <span class=\"_ _18\"> </span>the obligation, <span class=\"_ _1e\"> </span>and <span class=\"_ _1c\"> </span>the <span class=\"_ _1c\"> </span>amount <span class=\"_ _1c\"> </span>can <span class=\"_ _1e\"> </span>be <span class=\"_ _1c\"> </span>reliably estimated. <span class=\"_ _2c\"> </span>Provisions <span class=\"_ _2c\"> </span>are <span class=\"_ _2c\"> </span>measured <span class=\"_ _2c\"> </span>at management\u2019s <span class=\"_ _c\"> </span>best <span class=\"_ _41\"> </span>estimate <span class=\"_ _c\"> </span>of <span class=\"_ _c\"> </span>the expenditure <span class=\"_ _12\"></span>required <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>settle <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>obligation <span class=\"_ _12\"></span>at the <span class=\"_ _21\"> </span>reporting <span class=\"_ _21\"> </span>date <span class=\"_ _1f\"> </span>and <span class=\"_ _21\"> </span>are <span class=\"_ _21\"> </span>discounted <span class=\"_ _21\"> </span>to present value.Warranty provisionsThe <span class=\"_ _21\"> </span>Group <span class=\"_ _21\"> </span>provides <span class=\"_ _21\"> </span>warranties <span class=\"_ _21\"> </span>for <span class=\"_ _1f\"> </span>general repairs <span class=\"_\"> </span>of <span class=\"_\"> </span>defects <span class=\"_\"> </span>that <span class=\"_\"> </span>existed <span class=\"_\"> </span>at <span class=\"_\"> </span>the <span class=\"_\"> </span>time <span class=\"_\"> </span>of sale, <span class=\"_ _12\"></span>as <span class=\"_ _12\"></span>required <span class=\"_ _12\"></span>by <span class=\"_ _12\"></span>law. <span class=\"_ _12\"></span>For <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>direct <span class=\"_ _12\"></span>sales <span class=\"_ _12\"></span>of solar <span class=\"_ _1a\"> </span>panel <span class=\"_ _1f\"> </span>installations <span class=\"_ _1a\"> </span>and <span class=\"_ _1a\"> </span>batteries <span class=\"_ _1f\"> </span>the warranty <span class=\"_ _12\"></span>period <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>up <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>10 <span class=\"_ _12\"></span>years, <span class=\"_ _14\"></span>varying <span class=\"_ _12\"></span>from market <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>market. <span class=\"_ _12\"></span>The <span class=\"_ _10\"></span>Group <span class=\"_ _10\"></span>has <span class=\"_ _12\"></span>back <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>back warranties <span class=\"_ _26\"> </span>with <span class=\"_ _26\"> </span>hardware <span class=\"_ _26\"> </span>producers <span class=\"_ _26\"> </span>and installation <span class=\"_ _20\"> </span>partners, <span class=\"_ _20\"> </span>but <span class=\"_ _42\"> </span>is <span class=\"_ _20\"> </span>ultimately responsible <span class=\"_ _e\"></span>for solving <span class=\"_ _e\"></span>the problem <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the event that <span class=\"_ _11\"> </span>hardware <span class=\"_ _11\"> </span>producers <span class=\"_ _1e\"> </span>fail <span class=\"_ _11\"> </span>to <span class=\"_ _1e\"> </span>replace <span class=\"_ _11\"> </span>the defect <span class=\"_ _12\"></span>hardware, <span class=\"_ _14\"></span>or <span class=\"_ _12\"></span>installation <span class=\"_ _12\"></span>partners <span class=\"_ _14\"> </span>fail <span class=\"_ _12\"></span>to resolve <span class=\"_ _e\"></span>issues <span class=\"_ _10\"></span>related <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>quality <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>work performed <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>installation. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>also responsible <span class=\"_ _19\"> </span>for <span class=\"_ _d\"> </span>covering <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>installation <span class=\"_ _19\"> </span>work related to replacing defect hardware.As <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>replacement <span class=\"_ _12\"></span>cost <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>not <span class=\"_ _14\"></span>expected <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>be significant and <span class=\"_ _e\"></span>it is difficult <span class=\"_ _e\"></span>to prepare <span class=\"_ _e\"></span>a reliable estimate <span class=\"_ _11\"> </span>including <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>percentage <span class=\"_ _11\"> </span>of <span class=\"_ _11\"> </span>defect hardware or installations <span class=\"_ _e\"></span>with quality issues, the timing <span class=\"_ _e\"></span>of the <span class=\"_ _e\"></span>issue <span class=\"_ _e\"></span>and the <span class=\"_ _e\"></span>Group\u2019s <span class=\"_ _e\"></span>share of <span class=\"_ _e\"></span>the expense, <span class=\"_ _11\"> </span>no <span class=\"_ _11\"> </span>accruals <span class=\"_ _11\"> </span>have <span class=\"_ _11\"> </span>been <span class=\"_ _d\"> </span>made. <span class=\"_ _11\"> </span>The Group\u2019s <span class=\"_ _10\"></span>share <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>repair <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>replacement <span class=\"_ _12\"></span>costs will be expensed as they occur.Subscriptions <span class=\"_ _3b\"> </span>customers <span class=\"_ _3b\"> </span>have <span class=\"_ _3c\"> </span>20 <span class=\"_ _3b\"> </span>year guarantees <span class=\"_ _21\"> </span>for <span class=\"_ _1f\"> </span>solar <span class=\"_ _1f\"> </span>panel <span class=\"_ _21\"> </span>installations, <span class=\"_ _1f\"> </span>10 years <span class=\"_ _14\"></span>for <span class=\"_ _12\"></span>batteries, <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>guarantee <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>related <span class=\"_ _14\"> </span>to the <span class=\"_ _3b\"> </span>performance <span class=\"_ _3b\"> </span>of <span class=\"_ _3b\"> </span>assets <span class=\"_ _3b\"> </span>held <span class=\"_ _3b\"> </span>and maintained <span class=\"_\"> </span>by <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>Group. <span class=\"_ _19\"> </span>The <span class=\"_\"> </span>Group <span class=\"_ _19\"> </span>has <span class=\"_ _19\"> </span>no expense <span class=\"_ _e\"></span>accrual <span class=\"_ _10\"></span>relating <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>this <span class=\"_ _10\"></span>guarantee. <span class=\"_ _e\"></span>The Group\u2019s <span class=\"_ _10\"></span>share <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>repair <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>replacement <span class=\"_ _12\"></span>costs will be expensed as they occur.Accounts payables and other payablesPayables <span class=\"_ _28\"> </span>are <span class=\"_ _28\"> </span>recognised <span class=\"_ _28\"> </span>when <span class=\"_ _28\"> </span>the counterparty <span class=\"_ _1e\"> </span>has <span class=\"_ _1c\"> </span>performed <span class=\"_ _1e\"> </span>and <span class=\"_ _1c\"> </span>there <span class=\"_ _1e\"> </span>is <span class=\"_ _1c\"> </span>a contractual <span class=\"_ _11\"> </span>obligation <span class=\"_ _11\"> </span>on <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>Group <span class=\"_ _11\"> </span>to <span class=\"_ _1e\"> </span>pay, even <span class=\"_ _13\"> </span>if <span class=\"_ _13\"> </span>an <span class=\"_\"> </span>invoice <span class=\"_ _1d\"> </span>has <span class=\"_\"> </span>not <span class=\"_ _1d\"> </span>yet <span class=\"_ _13\"> </span>been <span class=\"_\"> </span>received. Accounts <span class=\"_ _57\"> </span>payable <span class=\"_ _1b\"> </span>are <span class=\"_ _57\"> </span>recognised <span class=\"_ _1b\"> </span>when <span class=\"_ _1b\"> </span>an invoice <span class=\"_ _10\"></span>has <span class=\"_ _10\"></span>been <span class=\"_ _10\"></span>received. <span class=\"_ _10\"></span>Accounts <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>other payables <span class=\"_\"> </span>are <span class=\"_ _13\"> </span>recognised <span class=\"_\"> </span>initially <span class=\"_\"> </span>at <span class=\"_ _2f\"> </span>fair <span class=\"_\"> </span>value and <span class=\"_ _e\"></span>subsequently measured <span class=\"_ _e\"></span>at <span class=\"_ _e\"></span>amortised <span class=\"_ _e\"></span>cost. The <span class=\"_ _13\"> </span>anticipated <span class=\"_ _13\"> </span>maturity <span class=\"_ _2f\"> </span>of <span class=\"_ _13\"> </span>these <span class=\"_ _13\"> </span>payables <span class=\"_ _13\"> </span>is short, <span class=\"_ _3d\"> </span>so <span class=\"_ _3d\"> </span>their <span class=\"_ _3d\"> </span>carrying <span class=\"_ _3d\"> </span>values <span class=\"_ _3d\"> </span>are <span class=\"_ _3d\"> </span>not discounted.InventoryInventories <span class=\"_ _f\"> </span>comprise <span class=\"_ _21\"> </span>solar <span class=\"_ _f\"> </span>panels, <span class=\"_ _f\"> </span>batteries and <span class=\"_ _26\"> </span>related <span class=\"_ _26\"> </span>products <span class=\"_ _26\"> </span>such <span class=\"_ _26\"> </span>as <span class=\"_ _26\"> </span>inverters. Purchases <span class=\"_ _19\"> </span>are <span class=\"_ _19\"> </span>made <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>reduce <span class=\"_ _19\"> </span>supply <span class=\"_ _19\"> </span>chain risk. <span class=\"_ _1a\"> </span>Otovo <span class=\"_ _1a\"> </span>Group <span class=\"_ _1a\"> </span>does <span class=\"_ _1a\"> </span>not <span class=\"_ _1a\"> </span>hold <span class=\"_ _1a\"> </span>work <span class=\"_ _1a\"> </span>in progress, spare parts and raw materials. Inventories <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>stated <span class=\"_ _12\"></span>at <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>lower <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>cost <span class=\"_ _12\"></span>and net <span class=\"_ _1e\"> </span>realizable <span class=\"_ _1e\"> </span>value, <span class=\"_ _1e\"> </span>where <span class=\"_ _1c\"> </span>the <span class=\"_ _1e\"> </span>latter <span class=\"_ _1e\"> </span>is <span class=\"_ _1e\"> </span>the estimated selling <span class=\"_ _e\"></span>price in <span class=\"_ _e\"></span>the ordinary <span class=\"_ _e\"></span>course of business <span class=\"_ _e\"></span>less <span class=\"_ _e\"></span>estimated <span class=\"_ _e\"></span>completion <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>selling costs. <span class=\"_ _2b\"> </span>Inventories <span class=\"_ _2b\"> </span>are <span class=\"_ _2b\"> </span>presented <span class=\"_ _2b\"> </span>net <span class=\"_ _3f\"> </span>of write-downs. <span class=\"_ _d\"> </span>Write-downs <span class=\"_ _d\"> </span>are <span class=\"_ _11\"> </span>recognized <span class=\"_ _d\"> </span>for the <span class=\"_ _1c\"> </span>amount <span class=\"_ _57\"> </span>by <span class=\"_ _1c\"> </span>which <span class=\"_ _57\"> </span>the <span class=\"_ _1c\"> </span>carrying <span class=\"_ _57\"> </span>amount exceeds the net realizable value. Costs <span class=\"_ _1b\"> </span>of <span class=\"_ _1b\"> </span>inventories <span class=\"_ _f\"> </span>comprises <span class=\"_ _1b\"> </span>all <span class=\"_ _1b\"> </span>costs <span class=\"_ _1b\"> </span>of purchase, <span class=\"_ _14\"> </span>costs <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>conversion <span class=\"_ _1d\"> </span>and <span class=\"_ _14\"> </span>other <span class=\"_ _14\"> </span>costs incurred <span class=\"_ _1c\"> </span>in <span class=\"_ _57\"> </span>bringing <span class=\"_ _1c\"> </span>the <span class=\"_ _57\"> </span>inventories <span class=\"_ _1c\"> </span>to <span class=\"_ _57\"> </span>their present <span class=\"_ _2e\"> </span>location <span class=\"_ _2e\"> </span>and <span class=\"_ _2b\"> </span>condition. <span class=\"_ _2e\"> </span>Cost <span class=\"_ _2b\"> </span>is determined <span class=\"_\"> </span>using <span class=\"_\"> </span>the <span class=\"_ _45\"> </span>weighted <span class=\"_ _19\"> </span>average <span class=\"_\"> </span>cost formula. Related partiesParties <span class=\"_ _e\"></span>are <span class=\"_ _10\"></span>defined <span class=\"_ _e\"></span>as <span class=\"_ _10\"></span>related <span class=\"_ _e\"></span>parties <span class=\"_ _10\"></span>if <span class=\"_ _e\"></span>one <span class=\"_ _10\"></span>party has <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>ability, <span class=\"_ _e\"></span>directly <span class=\"_ _e\"></span>or <span class=\"_ _10\"></span>indirectly, <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>control <span class=\"_ _e\"></span>the other <span class=\"_ _14\"> </span>party <span class=\"_ _14\"> </span>or <span class=\"_ _14\"></span>exercise <span class=\"_ _14\"></span>significant <span class=\"_ _14\"></span>influence <span class=\"_ _14\"></span>over the <span class=\"_ _e\"></span>other party <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>making financial <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>operating decisions. <span class=\"_ _1e\"> </span>Parties <span class=\"_ _1e\"> </span>are <span class=\"_ _1c\"> </span>also <span class=\"_ _1e\"> </span>related <span class=\"_ _1e\"> </span>if <span class=\"_ _1c\"> </span>they <span class=\"_ _1e\"> </span>are subject <span class=\"_ _3f\"> </span>to <span class=\"_ _25\"> </span>common <span class=\"_ _3f\"> </span>control <span class=\"_ _3f\"> </span>or <span class=\"_ _25\"> </span>common significant <span class=\"_ _e\"></span>influence. All <span class=\"_ _e\"></span>transactions between <span class=\"_ _e\"></span>the related <span class=\"_ _1e\"> </span>parties <span class=\"_ _1e\"> </span>are <span class=\"_ _1e\"> </span>based <span class=\"_ _1c\"> </span>on <span class=\"_ _1e\"> </span>the <span class=\"_ _1e\"> </span>principle <span class=\"_ _1e\"> </span>of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe <span class=\"_ _1c\"> </span>cash <span class=\"_ _1c\"> </span>flow <span class=\"_ _57\"> </span>statement <span class=\"_ _1c\"> </span>has <span class=\"_ _1c\"> </span>been <span class=\"_ _57\"> </span>prepared according to the indirect method.Events after the balance sheet dateNew <span class=\"_\"> </span>information <span class=\"_ _13\"> </span>about <span class=\"_\"> </span>the <span class=\"_\"> </span>Company\u2019s <span class=\"_ _2f\"> </span>position on <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>balance <span class=\"_ _d\"> </span>sheet <span class=\"_ _11\"> </span>date <span class=\"_ _11\"> </span>is <span class=\"_ _11\"> </span>included <span class=\"_ _11\"> </span>in <span class=\"_ _d\"> </span>the financial <span class=\"_ _14\"> </span>statements. <span class=\"_ _14\"> </span>Events <span class=\"_ _14\"> </span>that <span class=\"_ _14\"> </span>occur <span class=\"_ _14\"> </span>after <span class=\"_ _14\"> </span>the balance <span class=\"_ _1f\"> </span>sheet <span class=\"_ _1f\"> </span>date <span class=\"_ _1f\"> </span>that <span class=\"_ _1f\"> </span>do <span class=\"_ _1f\"> </span>not <span class=\"_ _1f\"> </span>affect <span class=\"_ _1f\"> </span>the company\u2019s <span class=\"_ _13\"> </span>position <span class=\"_\"> </span>on <span class=\"_ _13\"> </span>the <span class=\"_ _2f\"> </span>balance <span class=\"_ _13\"> </span>sheet <span class=\"_\"> </span>date, but <span class=\"_\"> </span>which <span class=\"_\"> </span>affect <span class=\"_\"> </span>the <span class=\"_\"> </span>company\u2019s <span class=\"_\"> </span>future <span class=\"_\"> </span>position are reported if it is of significance.Note 3. Use of estimates and judgementThe <span class=\"_ _1d\"> </span>Group <span class=\"_ _13\"> </span>consolidated <span class=\"_ _1d\"> </span>financial <span class=\"_ _13\"> </span>statements <span class=\"_ _1d\"> </span>are <span class=\"_ _13\"> </span>prepared <span class=\"_ _13\"> </span>on <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>basis <span class=\"_ _1d\"> </span>of <span class=\"_ _13\"> </span>uniform <span class=\"_ _1d\"> </span>accounting principles <span class=\"_ _12\"></span>for <span class=\"_ _12\"></span>similar <span class=\"_ _12\"></span>transactions <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>events. <span class=\"_ _12\"></span>Unless <span class=\"_ _10\"></span>otherwise <span class=\"_ _12\"></span>stated <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>accounting <span class=\"_ _12\"></span>policies <span class=\"_ _12\"></span>as set <span class=\"_ _e\"></span>out <span class=\"_ _10\"></span>above <span class=\"_ _e\"></span>have <span class=\"_ _e\"></span>been <span class=\"_ _10\"></span>consistently <span class=\"_ _e\"></span>applied <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>all <span class=\"_ _10\"></span>reporting <span class=\"_ _e\"></span>periods <span class=\"_ _10\"></span>presented. <span class=\"_ _e\"></span>Presentation <span class=\"_ _10\"></span>and classification of items in the financial statements is also consistent for the periods presented.The <span class=\"_ _e\"></span>preparation <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>consolidated <span class=\"_ _e\"></span>financial <span class=\"_ _10\"></span>statements <span class=\"_ _e\"></span>requires <span class=\"_ _10\"></span>management <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>make <span class=\"_ _10\"></span>judgements and <span class=\"_ _e\"></span>assumptions <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>can significantly <span class=\"_ _e\"></span>affect <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>amounts <span class=\"_ _e\"></span>recognised <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>financial statements. Additionally, <span class=\"_ _e\"></span>major sources <span class=\"_ _e\"></span>of estimation <span class=\"_ _e\"></span>uncertainty at <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>end of <span class=\"_ _e\"></span>the reporting <span class=\"_ _e\"></span>period can <span class=\"_ _e\"></span>have <span class=\"_ _e\"></span>a significant <span class=\"_ _e\"></span>risk <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>resulting <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>a <span class=\"_ _e\"></span>material <span class=\"_ _10\"></span>adjustment <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>carrying <span class=\"_ _10\"></span>amounts <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>assets <span class=\"_ _e\"></span>or <span class=\"_ _10\"></span>liabilities in future periods.Key <span class=\"_ _45\"> </span>sources <span class=\"_ _19\"> </span>of <span class=\"_ _19\"> </span>estimation <span class=\"_ _19\"> </span>uncertainty <span class=\"_ _19\"> </span>and <span class=\"_ _19\"> </span>critical <span class=\"_ _45\"> </span>judgements <span class=\"_ _19\"> </span>are <span class=\"_ _19\"> </span>continually <span class=\"_ _19\"> </span>evaluated <span class=\"_ _19\"> </span>and updated <span class=\"_\"> </span>based <span class=\"_ _13\"> </span>on <span class=\"_\"> </span>expectations <span class=\"_\"> </span>about <span class=\"_\"> </span>future <span class=\"_ _13\"> </span>events <span class=\"_\"> </span>that <span class=\"_\"> </span>are <span class=\"_ _2f\"> </span>believed <span class=\"_\"> </span>by <span class=\"_ _13\"> </span>Management <span class=\"_\"> </span>to <span class=\"_\"> </span>be reasonable under the circumstances.When applying <span class=\"_ _e\"></span>the Group\u2019s accounting <span class=\"_ _e\"></span>policies, Management has <span class=\"_ _e\"></span>made the following <span class=\"_ _e\"></span>judgements, which <span class=\"_ _14\"> </span>have <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>most <span class=\"_ _14\"> </span>significant <span class=\"_ _14\"> </span>effect <span class=\"_ _14\"> </span>on <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>amounts <span class=\"_ _14\"> </span>recognised <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>consolidated <span class=\"_ _14\"> </span>financial statements.Areas where the use of assumptions and estimates are significant for the Group Accounts.ImpairmentThe <span class=\"_ _10\"></span>Group <span class=\"_ _12\"></span>has <span class=\"_ _10\"></span>made <span class=\"_ _12\"></span>significant <span class=\"_ _10\"></span>investments <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>property, <span class=\"_ _12\"></span>plant <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>equipment, <span class=\"_ _10\"></span>intangible <span class=\"_ _12\"></span>assets, goodwill, <span class=\"_ _1d\"> </span>associates <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>other <span class=\"_ _1d\"> </span>investments. <span class=\"_ _1d\"> </span>Goodwill, <span class=\"_ _1d\"> </span>intangible <span class=\"_ _1d\"> </span>assets <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>indefinite <span class=\"_ _1d\"> </span>useful <span class=\"_ _1d\"> </span>life and <span class=\"_ _e\"></span>intangible <span class=\"_ _e\"></span>assets <span class=\"_ _10\"></span>not <span class=\"_ _e\"></span>yet <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>use <span class=\"_ _e\"></span>are <span class=\"_ _10\"></span>tested <span class=\"_ _e\"></span>for <span class=\"_ _e\"></span>impairment <span class=\"_ _10\"></span>annually <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>more <span class=\"_ _10\"></span>often <span class=\"_ _e\"></span>if <span class=\"_ _e\"></span>indicators of <span class=\"_ _d\"> </span>impairment <span class=\"_ _d\"> </span>exist, <span class=\"_ _11\"> </span>where- <span class=\"_ _d\"> </span>as <span class=\"_ _d\"> </span>other <span class=\"_ _d\"> </span>assets <span class=\"_ _11\"> </span>are <span class=\"_ _d\"> </span>tested <span class=\"_ _d\"> </span>for <span class=\"_ _d\"> </span>impairment <span class=\"_ _11\"> </span>when <span class=\"_ _d\"> </span>circumstances indicate <span class=\"_ _2f\"> </span>there <span class=\"_ _2f\"> </span>may <span class=\"_ _2f\"> </span>be <span class=\"_ _2f\"> </span>a <span class=\"_ _2f\"> </span>potential <span class=\"_ _2f\"> </span>impairment. <span class=\"_ _2f\"> </span>Factors <span class=\"_ _2f\"> </span>that <span class=\"_ _2f\"> </span>indicate <span class=\"_ _2f\"> </span>impairment <span class=\"_ _2f\"> </span>which <span class=\"_ _2f\"> </span>trigger impairment <span class=\"_ _15\"> </span>testing <span class=\"_ _17\"> </span>include <span class=\"_ _15\"> </span>the <span class=\"_ _15\"> </span>following: <span class=\"_ _17\"> </span>significant <span class=\"_ _15\"> </span>fall <span class=\"_ _15\"> </span>in <span class=\"_ _17\"> </span>market <span class=\"_ _15\"> </span>values; <span class=\"_ _15\"> </span>significant underperformance relative to <span class=\"_ _e\"></span>historical or projected future <span class=\"_ _e\"></span>operating results; significant changes in the <span class=\"_ _10\"></span>use <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>assets <span class=\"_ _10\"></span>or <span class=\"_ _12\"></span>the <span class=\"_ _e\"></span>strategy <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>overall <span class=\"_ _10\"></span>business, <span class=\"_ _10\"></span>including <span class=\"_ _10\"></span>assets <span class=\"_ _10\"></span>that <span class=\"_ _12\"></span>are <span class=\"_ _e\"></span>decided <span class=\"_ _12\"></span>to be <span class=\"_ _e\"></span>phased <span class=\"_ _10\"></span>out <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>replaced <span class=\"_ _10\"></span>and <span class=\"_ _e\"></span>assets <span class=\"_ _10\"></span>that <span class=\"_ _e\"></span>are <span class=\"_ _10\"></span>damaged <span class=\"_ _e\"></span>or <span class=\"_ _10\"></span>taken <span class=\"_ _e\"></span>out <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>use; <span class=\"_ _10\"></span>significant <span class=\"_ _e\"></span>negative industry <span class=\"_ _10\"></span>or <span class=\"_ _10\"></span>economic <span class=\"_ _12\"></span>trends; <span class=\"_ _10\"></span>significant <span class=\"_ _10\"></span>loss <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>market <span class=\"_ _10\"></span>share; <span class=\"_ _10\"></span>significant <span class=\"_ _10\"></span>adverse <span class=\"_ _12\"></span>political <span class=\"_ _10\"></span>and/ <span class=\"_ _10\"></span>or regulatory development.In <span class=\"_ _12\"></span>accordance <span class=\"_ _14\"> </span>with <span class=\"_ _14\"> </span>IAS <span class=\"_ _12\"></span>36 <span class=\"_ _14\"> </span>Impairment <span class=\"_ _14\"> </span>of <span class=\"_ _12\"></span>assets the <span class=\"_ _3f\"> </span>recoverable <span class=\"_ _3f\"> </span>amounts <span class=\"_ _3f\"> </span>of <span class=\"_ _3f\"> </span>assets <span class=\"_ _3f\"> </span>and companies <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>higher <span class=\"_ _14\"></span>of <span class=\"_ _12\"></span>value <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>use <span class=\"_ _12\"></span>and <span class=\"_ _14\"></span>fair value <span class=\"_ _16\"> </span>less <span class=\"_ _17\"> </span>cost <span class=\"_ _16\"> </span>of <span class=\"_ _17\"> </span>disposal. <span class=\"_ _16\"> </span>Value <span class=\"_ _17\"> </span>in <span class=\"_ _16\"> </span>use, particularly <span class=\"_ _10\"></span>when <span class=\"_ _10\"></span>discounted <span class=\"_ _10\"></span>cash <span class=\"_ _10\"></span>flow <span class=\"_ _12\"></span>methods are <span class=\"_ _1a\"> </span>used, <span class=\"_ _1a\"> </span>involves <span class=\"_ _16\"> </span>management <span class=\"_ _1a\"> </span>judgement. There <span class=\"_ _13\"> </span>is <span class=\"_\"> </span>estimation <span class=\"_ _1d\"> </span>uncertainty, <span class=\"_\"> </span>complexity <span class=\"_ _1d\"> </span>and subjectivity <span class=\"_ _2b\"> </span>related <span class=\"_ _2b\"> </span>to <span class=\"_ _3f\"> </span>the <span class=\"_ _2b\"> </span>value <span class=\"_ _2b\"> </span>in <span class=\"_ _3f\"> </span>use determination, <span class=\"_ _bd\"> </span>including <span class=\"_ _bd\"> </span>determining appropriate <span class=\"_ _13\"> </span>cash-generating <span class=\"_\"> </span>units, <span class=\"_ _13\"> </span>determining the discount <span class=\"_ _e\"></span>rate, estimating <span class=\"_ _e\"></span>future performance, revenue <span class=\"_ _16\"> </span>generating <span class=\"_ _1a\"> </span>capacity <span class=\"_ _16\"> </span>of <span class=\"_ _16\"> </span>the <span class=\"_ _1a\"> </span>assets, margins, <span class=\"_ _11\"> </span>political <span class=\"_ _11\"> </span>and <span class=\"_ _11\"> </span>regulatory <span class=\"_ _11\"> </span>risk, <span class=\"_ _11\"> </span>required maintenance <span class=\"_ _b1\"> </span>capex, <span class=\"_ _63\"> </span>technological developments, <span class=\"_ _11\"> </span>and <span class=\"_ _1e\"> </span>assumptions <span class=\"_ _11\"> </span>of <span class=\"_ _1e\"> </span>the <span class=\"_ _1e\"> </span>future market <span class=\"_ _21\"> </span>conditions. <span class=\"_ _21\"> </span>In <span class=\"_ _1f\"> </span>some <span class=\"_ _21\"> </span>markets, <span class=\"_ _1f\"> </span>certain expenses <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>capex <span class=\"_ _10\"></span>are <span class=\"_ _10\"></span>denominated <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>foreign currency <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>impacted <span class=\"_ _10\"></span>by <span class=\"_ _e\"></span>currency <span class=\"_ _10\"></span>fluctuations. Recessionary <span class=\"_ _11d\"> </span>effects <span class=\"_ _11d\"> </span>and <span class=\"_ _35\"> </span>increased macroeconomic <span class=\"_ _10\"></span>risks <span class=\"_ _10\"></span>may <span class=\"_ _12\"></span>impact <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>estimates of growth, future <span class=\"_ _e\"></span>performance and discount rates used <span class=\"_ _1a\"> </span>in <span class=\"_ _1a\"> </span>estimating <span class=\"_ _1a\"> </span>recoverable <span class=\"_ _1f\"> </span>amounts <span class=\"_ _1a\"> </span>of assets. <span class=\"_ _13\"> </span>Discount <span class=\"_\"> </span>rates <span class=\"_ _13\"> </span>are <span class=\"_ _2f\"> </span>impacted <span class=\"_ _13\"> </span>by <span class=\"_\"> </span>several macroeconomic <span class=\"_ _15\"> </span>factors <span class=\"_ _34\"> </span>including <span class=\"_ _15\"> </span>borrowing rates, <span class=\"_ _1b\"> </span>country <span class=\"_ _1b\"> </span>risk, <span class=\"_ _1b\"> </span>inflation <span class=\"_ _1b\"> </span>assumptions <span class=\"_ _1b\"> </span>and currency <span class=\"_ _1e\"> </span>development. <span class=\"_ _1c\"> </span>For <span class=\"_ _1c\"> </span>assumptions <span class=\"_ _1e\"> </span>used, external <span class=\"_ _22\"> </span>evidence <span class=\"_ _2c\"> </span>has <span class=\"_ _22\"> </span>been <span class=\"_ _2c\"> </span>taken <span class=\"_ _22\"> </span>into consideration.The <span class=\"_ _21\"> </span>future <span class=\"_ _21\"> </span>developments <span class=\"_ _21\"> </span>of <span class=\"_ _21\"> </span>EBITDA <span class=\"_ _21\"> </span>margins, invested <span class=\"_ _e\"></span>capital <span class=\"_ _e\"></span>and growth, <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>important <span class=\"_ _e\"></span>in the Group\u2019s <span class=\"_ _26\"> </span>impairment <span class=\"_ _3d\"> </span>assessments, <span class=\"_ _3d\"> </span>and <span class=\"_ _26\"> </span>the long-term <span class=\"_ _12\"></span>estimates <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>EBITDA <span class=\"_ _14\"></span>margins <span class=\"_ _12\"></span>for <span class=\"_ _12\"></span>each country are uncertain.Contingent considerationContingent <span class=\"_ _41\"> </span>consideration, <span class=\"_ _8\"> </span>resulting <span class=\"_ _41\"> </span>from business <span class=\"_ _1d\"> </span>combinations, <span class=\"_ _13\"> </span>is <span class=\"_ _13\"> </span>initially <span class=\"_ _13\"> </span>recognised <span class=\"_ _1d\"> </span>at fair value <span class=\"_ _e\"></span>as of <span class=\"_ _e\"></span>the acquisition <span class=\"_ _e\"></span>date as <span class=\"_ _e\"></span>part of the business <span class=\"_ _12\"></span>combination <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>is <span class=\"_ _14\"></span>classified <span class=\"_ _12\"></span>either <span class=\"_ _14\"> </span>as \u201cOther <span class=\"_ _1d\"> </span>non-current <span class=\"_ _1d\"> </span>provisions\u201d <span class=\"_ _1d\"> </span>or <span class=\"_ _13\"> </span>\u201cOther <span class=\"_ _1d\"> </span>current liabilities\u201d, <span class=\"_ _2e\"> </span>depending <span class=\"_ _2e\"> </span>on <span class=\"_ _2e\"> </span>the <span class=\"_ _2b\"> </span>contractually agreed <span class=\"_ _15\"> </span>payment <span class=\"_ _15\"> </span>dates. <span class=\"_ _15\"> </span>As <span class=\"_ _17\"> </span>the <span class=\"_ _15\"> </span>contingent consideration <span class=\"_ _14\"> </span>payable <span class=\"_ _1d\"> </span>meets <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>definition <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>a financial <span class=\"_ _12\"></span>liability, <span class=\"_ _14\"> </span>it <span class=\"_ _14\"></span>is <span class=\"_ _12\"></span>subsequently <span class=\"_ _14\"> </span>measured <span class=\"_ _14\"></span>at fair <span class=\"_ _1d\"> </span>value <span class=\"_ _1d\"> </span>through <span class=\"_ _1d\"> </span>profit <span class=\"_ _1d\"> </span>or <span class=\"_ _1d\"> </span>loss <span class=\"_ _13\"> </span>(FVTPL) <span class=\"_ _1d\"> </span>at <span class=\"_ _1d\"> </span>each reporting <span class=\"_ _57\"> </span>date. <span class=\"_ _57\"> </span>The <span class=\"_ _57\"> </span>determination <span class=\"_ _1b\"> </span>of <span class=\"_ _57\"> </span>the <span class=\"_ _57\"> </span>fair value <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>based <span class=\"_ _10\"></span>on <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>discounted <span class=\"_ _12\"></span>cash <span class=\"_ _e\"></span>flow <span class=\"_ _12\"></span>model that <span class=\"_ _21\"> </span>includes <span class=\"_ _f\"> </span>a <span class=\"_ _21\"> </span>probability <span class=\"_ _21\"> </span>weighting <span class=\"_ _f\"> </span>of <span class=\"_ _21\"> </span>the assessed <span class=\"_ _14\"> </span>outcomes <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>contractually <span class=\"_ _14\"> </span>agreed performance <span class=\"_ _17\"> </span>targets <span class=\"_ _15\"> </span>over <span class=\"_ _17\"> </span>the <span class=\"_ _15\"> </span>contractually agreed <span class=\"_ _41\"> </span>payment <span class=\"_ _41\"> </span>dates. <span class=\"_ _41\"> </span>Post-acquisition performance <span class=\"_ _11\"> </span>or <span class=\"_ _d\"> </span>other <span class=\"_ _11\"> </span>events <span class=\"_ _11\"> </span>can <span class=\"_ _d\"> </span>change <span class=\"_ _11\"> </span>the assumptions <span class=\"_ _e\"></span>used by <span class=\"_ _e\"></span>Management to <span class=\"_ _e\"></span>assess <span class=\"_ _e\"></span>the inputs <span class=\"_ _11\"> </span>used <span class=\"_ _1e\"> </span>in <span class=\"_ _11\"> </span>the <span class=\"_ _1e\"> </span>fair <span class=\"_ _11\"> </span>value <span class=\"_ _1e\"> </span>estimate <span class=\"_ _11\"> </span>of <span class=\"_ _1e\"> </span>the contingent consideration liability. Non-cash  considerationThe <span class=\"_\"> </span>Italian <span class=\"_\"> </span>government <span class=\"_\"> </span>has <span class=\"_\"> </span>implemented the <span class=\"_ _16\"> </span>Ecobonus <span class=\"_ _1a\"> </span>system, <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>tax <span class=\"_ _16\"> </span>incentive designed <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>support <span class=\"_ _12\"></span>energy <span class=\"_ _12\"></span>requalification projects. <span class=\"_ _26\"> </span>The <span class=\"_ _3d\"> </span>Ecobonus <span class=\"_ _3d\"> </span>system <span class=\"_ _26\"> </span>is <span class=\"_ _3d\"> </span>a generous <span class=\"_ _14\"> </span>stimulus <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>50% <span class=\"_ _1d\"> </span>of <span class=\"_ _14\"> </span>investment as <span class=\"_ _10\"></span>support <span class=\"_ _10\"></span>for <span class=\"_ _12\"></span>solar <span class=\"_ _10\"></span>systems, <span class=\"_ _10\"></span>batteries <span class=\"_ _10\"></span>and heat <span class=\"_ _12\"></span>pumps. <span class=\"_ _14\"> </span>The <span class=\"_ _14\"></span>system <span class=\"_ _12\"></span>was <span class=\"_ _14\"> </span>designed <span class=\"_ _14\"></span>as a <span class=\"_ _12\"></span>tax <span class=\"_ _12\"></span>incentive <span class=\"_ _12\"></span>where <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>holder <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>tax credit <span class=\"_ _f\"> </span>could <span class=\"_ _1b\"> </span>deduct <span class=\"_ _f\"> </span>the <span class=\"_ _f\"> </span>credit <span class=\"_ _f\"> </span>towards ongoing <span class=\"_ _e\"></span>payments <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>taxes, <span class=\"_ _e\"></span>VAT <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>social security costs. At <span class=\"_\"> </span>the <span class=\"_\"> </span>time <span class=\"_\"> </span>of <span class=\"_\"> </span>purchase <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>consumer <span class=\"_\"> </span>is issued <span class=\"_ _15\"> </span>a <span class=\"_ _34\"> </span>tax <span class=\"_ _34\"> </span>credit <span class=\"_ _15\"> </span>from <span class=\"_ _34\"> </span>the <span class=\"_ _34\"> </span>Italian government <span class=\"_ _21\"> </span>that <span class=\"_ _21\"> </span>can <span class=\"_ _1f\"> </span>offset <span class=\"_ _21\"> </span>taxes <span class=\"_ _21\"> </span>and certain <span class=\"_ _13\"> </span>other <span class=\"_ _13\"> </span>public <span class=\"_ _13\"> </span>duties. <span class=\"_ _13\"> </span>The <span class=\"_ _13\"> </span>consumer would <span class=\"_ _18\"> </span>typically <span class=\"_ _26\"> </span>sell <span class=\"_ _26\"> </span>the <span class=\"_ _18\"> </span>credit <span class=\"_ _26\"> </span>to <span class=\"_ _26\"> </span>a contractor <span class=\"_ _e\"></span>(Otovo) <span class=\"_ _e\"></span>as <span class=\"_ _10\"></span>part <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>acquiring <span class=\"_ _e\"></span>the service <span class=\"_ _1e\"> </span>provided <span class=\"_ _1c\"> </span>by <span class=\"_ _1c\"> </span>the <span class=\"_ _1e\"> </span>contractor. <span class=\"_ _1c\"> </span>This would effectively <span class=\"_ _e\"></span>provide the customer with a <span class=\"_ _1b\"> </span>discount <span class=\"_ _1b\"> </span>of <span class=\"_ _1b\"> </span>50%. <span class=\"_ _1b\"> </span>The <span class=\"_ _1b\"> </span>contractor <span class=\"_ _1b\"> </span>can choose <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>sell <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>credit <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>a <span class=\"_ _10\"></span>third <span class=\"_ _12\"></span>party, <span class=\"_ _10\"></span>in most <span class=\"_ _14\"> </span>circumstances <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>financial <span class=\"_ _14\"> </span>institution. Alternatively, the contractor <span class=\"_ _e\"></span>can deduct the tax <span class=\"_ _2f\"> </span>credit <span class=\"_ _2f\"> </span>over <span class=\"_ _2f\"> </span>a <span class=\"_ _13\"> </span>period <span class=\"_\"> </span>of <span class=\"_ _2f\"> </span>10 <span class=\"_ _13\"> </span>years <span class=\"_\"> </span>from: taxes, <span class=\"_ _1a\"> </span>social <span class=\"_ _1f\"> </span>security <span class=\"_ _1a\"> </span>costs <span class=\"_ _1a\"> </span>or <span class=\"_ _1a\"> </span>VAT. <span class=\"_ _1f\"> </span>In accordance <span class=\"_ _1d\"> </span>with <span class=\"_ _13\"> </span>common <span class=\"_ _13\"> </span>practice <span class=\"_ _13\"> </span>in <span class=\"_ _1d\"> </span>the Italian <span class=\"_ _15\"> </span>market, <span class=\"_ _15\"> </span>Otovo\u2019s <span class=\"_ _15\"> </span>customers <span class=\"_ _15\"> </span>are partially <span class=\"_ _3a\"> </span>settling <span class=\"_ _3a\"> </span>purchase <span class=\"_ _3a\"> </span>amounts through transfer <span class=\"_ _e\"></span>of the tax <span class=\"_ _e\"></span>credit receivable to <span class=\"_ _21\"> </span>Otovo. <span class=\"_ _21\"> </span>The <span class=\"_ _1f\"> </span>transferred <span class=\"_ _21\"> </span>tax <span class=\"_ _21\"> </span>credit <span class=\"_ _1f\"> </span>is classified as <span class=\"_ _e\"></span>a non-cash <span class=\"_ _e\"></span>consideration and is <span class=\"_ _2e\"> </span>recognised <span class=\"_ _2b\"> </span>at <span class=\"_ _2b\"> </span>fair <span class=\"_ _2e\"> </span>value <span class=\"_ _2b\"> </span>at <span class=\"_ _2b\"> </span>the transaction date. It <span class=\"_ _13\"> </span>requires <span class=\"_ _13\"> </span>judgement <span class=\"_\"> </span>to <span class=\"_ _1d\"> </span>estimate <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>fair value <span class=\"_ _e\"></span>of the <span class=\"_ _e\"></span>non-cash <span class=\"_ _e\"></span>consideration. At <span class=\"_ _e\"></span>the transaction <span class=\"_\"> </span>date <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>fair <span class=\"_\"> </span>value <span class=\"_\"> </span>of <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>tax credit <span class=\"_\"> </span>is <span class=\"_ _13\"> </span>calculated <span class=\"_\"> </span>based <span class=\"_\"> </span>on <span class=\"_\"> </span>the <span class=\"_ _13\"> </span>current market <span class=\"_ _13\"> </span>price <span class=\"_ _1d\"> </span>in <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>third <span class=\"_ _13\"> </span>party <span class=\"_ _13\"> </span>market <span class=\"_ _13\"> </span>for tax <span class=\"_ _14\"> </span>credits. <span class=\"_ _1d\"> </span>The <span class=\"_ _14\"> </span>discount <span class=\"_ _1d\"> </span>compared <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>the nominal <span class=\"_ _10\"></span>value <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>tax <span class=\"_ _12\"></span>credit <span class=\"_ _12\"></span>is <span class=\"_ _10\"></span>recorded as a revenue <span class=\"_ _e\"></span>reduction. The tax credit asset is <span class=\"_ _e\"></span>reported as <span class=\"_ _e\"></span>a current <span class=\"_ _e\"></span>asset, <span class=\"_ _e\"></span>pending sale to <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>third <span class=\"_ _1d\"> </span>party, <span class=\"_ _13\"> </span> <span class=\"_ _13\"> </span>and <span class=\"_ _1d\"> </span>is <span class=\"_ _13\"> </span>included <span class=\"_ _13\"> </span>in <span class=\"_ _1d\"> </span>Other receivables <span class=\"_ _1e\"> </span>and <span class=\"_ _1c\"> </span>prepayments <span class=\"_ _1c\"> </span>at <span class=\"_ _1c\"> </span>its <span class=\"_ _1e\"> </span>fair value. The <span class=\"_ _e\"></span>tax credit asset <span class=\"_ _e\"></span>is remeasured <span class=\"_ _e\"></span>at each <span class=\"_ _3d\"> </span>reporting <span class=\"_ _2e\"> </span>date <span class=\"_ _2e\"> </span>and <span class=\"_ _3d\"> </span>fair <span class=\"_ _2e\"> </span>value adjustments <span class=\"_ _2c\"> </span>are <span class=\"_ _3b\"> </span>included <span class=\"_ _2c\"> </span>in <span class=\"_ _3b\"> </span>Other operating expenses.Refer <span class=\"_ _1c\"> </span>to <span class=\"_ _1c\"> </span>note <span class=\"_ _1c\"> </span>25 <span class=\"_ _1c\"> </span>for <span class=\"_ _1c\"> </span>further <span class=\"_ _1c\"> </span>information about <span class=\"_ _16\"> </span>changes <span class=\"_ _1a\"> </span>in <span class=\"_ _16\"> </span>regulations <span class=\"_ _16\"> </span>in <span class=\"_ _1a\"> </span>Italy, impacting <span class=\"_ _17\"> </span>the <span class=\"_ _17\"> </span>non-cash <span class=\"_ _17\"> </span>consideration, <span class=\"_ _58\"></span> implemented in 2023.Share-based paymentsEstimating the fair value for share-based payment transactions requires judgement as to the use <span class=\"_ _e\"></span>ofthe <span class=\"_ _12\"></span>most <span class=\"_ _12\"></span>appropriate <span class=\"_ _12\"></span>valuation <span class=\"_ _12\"></span>model, <span class=\"_ _12\"></span>which <span class=\"_ _12\"></span>depends <span class=\"_ _12\"></span>on <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>terms <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>conditions <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>optionprogram agreements. Management has decided to <span class=\"_ _e\"></span>use the BlackScholes option-pricing model. Theestimate <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>option\u2019s <span class=\"_ _14\"></span>fair <span class=\"_ _12\"></span>value <span class=\"_ _14\"> </span>requires <span class=\"_ _14\"> </span>Management <span class=\"_ _14\"></span>judgement <span class=\"_ _12\"></span>related <span class=\"_ _14\"> </span>to <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>definition <span class=\"_ _14\"> </span>andestimation <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>inputs <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>option-pricing <span class=\"_ _12\"></span>model, <span class=\"_ _12\"></span>which <span class=\"_ _12\"></span>include <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>expected <span class=\"_ _12\"></span>life <span class=\"_ _14\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>shareoption, as <span class=\"_ _e\"></span>well as <span class=\"_ _e\"></span>the estimated <span class=\"_ _e\"></span>volatility of <span class=\"_ _e\"></span>the underlying <span class=\"_ _e\"></span>share price <span class=\"_ _e\"></span>and determination <span class=\"_ _e\"></span>of the <span class=\"_ _e\"></span>riskfree <span class=\"_ _10\"></span>rate <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>return. <span class=\"_ _10\"></span>The <span class=\"_ _12\"></span>assumptions <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>model <span class=\"_ _12\"></span>used <span class=\"_ _10\"></span>for <span class=\"_ _10\"></span>estimating <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>fair <span class=\"_ _10\"></span>value <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>share <span class=\"_ _12\"></span>basedpayments are discussed in more detail in note 7 Employee benefits.Deferred tax assetsDeferred <span class=\"_ _12\"></span>tax <span class=\"_ _14\"> </span>assets <span class=\"_ _14\"> </span>are <span class=\"_ _14\"></span>recognised <span class=\"_ _12\"></span>for <span class=\"_ _14\"> </span>all <span class=\"_ _14\"></span>unused <span class=\"_ _12\"></span>tax <span class=\"_ _14\"> </span>losses <span class=\"_ _14\"> </span>to <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>extent <span class=\"_ _14\"> </span>that <span class=\"_ _12\"></span>it <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>probable <span class=\"_ _14\"></span>thattaxable <span class=\"_ _14\"></span>profit <span class=\"_ _12\"></span>will <span class=\"_ _14\"> </span>be <span class=\"_ _14\"> </span>available <span class=\"_ _14\"> </span>against <span class=\"_ _14\"> </span>which <span class=\"_ _14\"> </span>the <span class=\"_ _14\"></span>losses <span class=\"_ _14\"></span>can <span class=\"_ _12\"></span>be <span class=\"_ _14\"> </span>utilised. <span class=\"_ _14\"> </span>Significant <span class=\"_ _14\"> </span>managementjudgement <span class=\"_ _13\"> </span>is <span class=\"_ _2f\"> </span>required <span class=\"_ _13\"> </span>to <span class=\"_ _2f\"> </span>determine <span class=\"_ _13\"> </span>the <span class=\"_ _2f\"> </span>amount <span class=\"_ _13\"> </span>of <span class=\"_ _2f\"> </span>deferred <span class=\"_ _13\"> </span>tax <span class=\"_ _2f\"> </span>assets <span class=\"_ _13\"> </span>that <span class=\"_ _2f\"> </span>will <span class=\"_ _13\"> </span>be <span class=\"_ _2f\"> </span>recognised,based <span class=\"_ _1d\"> </span>upon <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>reliable <span class=\"_ _1d\"> </span>evidence <span class=\"_ _1d\"> </span>as <span class=\"_ _13\"> </span>to <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>estimated <span class=\"_ _1d\"> </span>timing <span class=\"_ _1d\"> </span>and <span class=\"_ _13\"> </span>amount <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>future <span class=\"_ _1d\"> </span>taxableprofits. Further details are included in note 10 Income tax.Revenue recognition of subscription agreementsThe <span class=\"_ _10\"></span>Group <span class=\"_ _12\"></span>has <span class=\"_ _10\"></span>entered <span class=\"_ _12\"></span>into <span class=\"_ _10\"></span>20 <span class=\"_ _12\"></span>year <span class=\"_ _10\"></span>subscription <span class=\"_ _12\"></span>agreements <span class=\"_ _10\"></span>with <span class=\"_ _10\"></span>customers <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>their <span class=\"_ _12\"></span>use <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>solarpanels provided by the Group.It <span class=\"_ _14\"> </span>requires <span class=\"_ _1d\"> </span>judgement <span class=\"_ _1d\"> </span>to <span class=\"_ _1d\"> </span>determine <span class=\"_ _1d\"> </span>whether <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>promise <span class=\"_ _14\"> </span>in <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>contract <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>customer <span class=\"_ _1d\"> </span>is <span class=\"_ _14\"> </span>totransfer <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>good or <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>service, <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>series of <span class=\"_ _e\"></span>distinct <span class=\"_ _e\"></span>goods <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>services. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>review of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>contract <span class=\"_ _e\"></span>hasconcluded <span class=\"_ _d\"> </span>that <span class=\"_ _d\"> </span>control <span class=\"_ _19\"> </span>over <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>assets <span class=\"_ _d\"> </span>has <span class=\"_ _d\"> </span>not <span class=\"_ _d\"> </span>been <span class=\"_ _d\"> </span>passed <span class=\"_ _d\"> </span>to <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>customer, <span class=\"_ _d\"> </span>and <span class=\"_ _19\"> </span>that <span class=\"_ _d\"> </span>thecontracts <span class=\"_ _e\"></span>do not <span class=\"_ _e\"></span>contain a <span class=\"_ _e\"></span>lease and <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>to be <span class=\"_ _e\"></span>reported as <span class=\"_ _e\"></span>service agreements <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>accordance withIFRS <span class=\"_ _1d\"> </span>15. <span class=\"_ _13\"> </span>The <span class=\"_ _1d\"> </span>conclusion <span class=\"_ _13\"> </span>is <span class=\"_ _1d\"> </span>based <span class=\"_ _13\"> </span>on <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>fact <span class=\"_ _13\"> </span>that <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>customer <span class=\"_ _1d\"> </span>is <span class=\"_ _13\"> </span>not <span class=\"_ _13\"> </span>able <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>operate <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>assetthroughout <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>period <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>use <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>impact <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>output <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>solar <span class=\"_ _e\"></span>panels. <span class=\"_ _10\"></span>Neither <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>customer <span class=\"_ _10\"></span>ableto <span class=\"_ _e\"></span>design <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>assets <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>a <span class=\"_ _e\"></span>way <span class=\"_ _10\"></span>that <span class=\"_ _e\"></span>predetermines <span class=\"_ _10\"></span>how <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>for <span class=\"_ _10\"></span>what <span class=\"_ _e\"></span>purpose <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>asset <span class=\"_ _10\"></span>will <span class=\"_ _e\"></span>be <span class=\"_ _e\"></span>usedthroughout <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>period <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>use. <span class=\"_ _e\"></span>The <span class=\"_ _10\"></span>customer <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>only <span class=\"_ _10\"></span>able <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>choose <span class=\"_ _10\"></span>between <span class=\"_ _10\"></span>a <span class=\"_ _e\"></span>few <span class=\"_ _10\"></span>different <span class=\"_ _10\"></span>classesof <span class=\"_ _e\"></span>panels, and <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>number of <span class=\"_ _e\"></span>panels, <span class=\"_ _e\"></span>and will <span class=\"_ _e\"></span>in reality <span class=\"_ _e\"></span>receive <span class=\"_ _e\"></span>a product <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>is predesigned <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>theGroup. Revenues are recognised monthly in accordance with the invoiced subscription amount.The <span class=\"_ _12\"></span>Group <span class=\"_ _14\"> </span>has <span class=\"_ _14\"></span>also <span class=\"_ _12\"></span>entered <span class=\"_ _14\"></span>into <span class=\"_ _12\"></span>10 <span class=\"_ _14\"> </span>year <span class=\"_ _12\"></span>subscription <span class=\"_ _14\"> </span>agreements <span class=\"_ _14\"></span>with <span class=\"_ _12\"></span>customers <span class=\"_ _14\"> </span>for <span class=\"_ _12\"></span>their <span class=\"_ _14\"> </span>use <span class=\"_ _14\"></span>ofhome batteries provided by the Group. <span class=\"_ _e\"></span>The review of the contract has concluded that it conveys <span class=\"_ _e\"></span>theright <span class=\"_ _e\"></span>to control <span class=\"_ _e\"></span>the use <span class=\"_ _e\"></span>of an <span class=\"_ _e\"></span>identified <span class=\"_ _e\"></span>asset for <span class=\"_ _e\"></span>a period <span class=\"_ _e\"></span>of time <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>exchange for <span class=\"_ _e\"></span>consideration, andthat <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>contracts <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>be <span class=\"_ _e\"></span>reported <span class=\"_ _e\"></span>as <span class=\"_ _e\"></span>leases <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>accordance <span class=\"_ _e\"></span>with <span class=\"_ _e\"></span>IFRS <span class=\"_ _e\"></span>16. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>conclusion <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>basedon <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>fact <span class=\"_ _12\"></span>that <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>customer <span class=\"_ _12\"></span>has <span class=\"_ _12\"></span>both <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>right <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>direct <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>identified <span class=\"_ _12\"></span>asset\u2019s <span class=\"_ _12\"></span>use <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>obtainsubstantially <span class=\"_ _10\"></span>all <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>economic <span class=\"_ _10\"></span>benefits <span class=\"_ _12\"></span>from <span class=\"_ _12\"></span>that <span class=\"_ _10\"></span>use. <span class=\"_ _12\"></span>It <span class=\"_ _12\"></span>requires <span class=\"_ _10\"></span>judgement <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>determine <span class=\"_ _10\"></span>whetherthe <span class=\"_ _12\"></span>leases <span class=\"_ _12\"></span>should <span class=\"_ _12\"></span>be <span class=\"_ _12\"></span>classified <span class=\"_ _12\"></span>as <span class=\"_ _12\"></span>operating <span class=\"_ _12\"></span>leases <span class=\"_ _12\"></span>or <span class=\"_ _12\"></span>financial <span class=\"_ _12\"></span>leases. <span class=\"_ _12\"></span>The <span class=\"_ _12\"></span>review <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>contracthas <span class=\"_ _e\"></span>concluded that <span class=\"_ _e\"></span>substantially <span class=\"_ _e\"></span>all <span class=\"_ _e\"></span>the risks <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>rewards incidental <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>ownership <span class=\"_ _e\"></span>of the <span class=\"_ _e\"></span>underlyingassets <span class=\"_ _e\"></span>have <span class=\"_ _e\"></span>not <span class=\"_ _e\"></span>been <span class=\"_ _e\"></span>transferred <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>leases <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>classified <span class=\"_ _e\"></span>as <span class=\"_ _e\"></span>operating <span class=\"_ _10\"></span>leases. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>conclusionis <span class=\"_ _10\"></span>based <span class=\"_ _12\"></span>on <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>fact <span class=\"_ _12\"></span>that <span class=\"_ _12\"></span>ownership <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>asset <span class=\"_ _10\"></span>is <span class=\"_ _12\"></span>not <span class=\"_ _12\"></span>transferred <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>lessee <span class=\"_ _10\"></span>by <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>end <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>thelease term, and that the lessee does not have the option to purchase the asset at a price lower thanfair <span class=\"_ _10\"></span>value. <span class=\"_ _12\"></span>Further <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>this <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>lease <span class=\"_ _12\"></span>term <span class=\"_ _10\"></span>is <span class=\"_ _12\"></span>not <span class=\"_ _10\"></span>for <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>major <span class=\"_ _10\"></span>part <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>economic <span class=\"_ _10\"></span>life <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>asset,and the asset is not of a specialised nature. Revenues are recognised monthly in accordance with the invoiced subscription amount. InvestmentsFor <span class=\"_ _10\"></span>all <span class=\"_ _e\"></span>investments, <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>has <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>determine <span class=\"_ _10\"></span>whether <span class=\"_ _10\"></span>it <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>parent <span class=\"_ _10\"></span>by <span class=\"_ _10\"></span>assessing <span class=\"_ _10\"></span>whether <span class=\"_ _10\"></span>it <span class=\"_ _10\"></span>controls the investee. <span class=\"_ _e\"></span>Otovo controls an <span class=\"_ _e\"></span>investee when <span class=\"_ _e\"></span>it is exposed, <span class=\"_ _e\"></span>or has rights, <span class=\"_ _e\"></span>to variable returns <span class=\"_ _e\"></span>from its involvement <span class=\"_ _e\"></span>with <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>investee <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>ability <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>affect <span class=\"_ _e\"></span>those <span class=\"_ _e\"></span>returns <span class=\"_ _e\"></span>through <span class=\"_ _e\"></span>its <span class=\"_ _10\"></span>power <span class=\"_ _e\"></span>over <span class=\"_ _e\"></span>the investee. <span class=\"_ _e\"></span>In <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>period <span class=\"_ _e\"></span>between <span class=\"_ _e\"></span>disposal <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>shares in <span class=\"_ _e\"></span>EDEA <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>October <span class=\"_ _e\"></span>2020 <span class=\"_ _e\"></span>(from <span class=\"_ _e\"></span>100% <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>18.75%), <span class=\"_ _e\"></span>to repurchase <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>shares <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>December <span class=\"_ _e\"></span>2021 <span class=\"_ _10\"></span>(from <span class=\"_ _10\"></span>18.75% <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>88.48%) <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>had <span class=\"_ _e\"></span>material <span class=\"_ _10\"></span>rights <span class=\"_ _10\"></span>through the <span class=\"_ _e\"></span>master <span class=\"_ _10\"></span>franchise <span class=\"_ _10\"></span>agreement <span class=\"_ _e\"></span>that <span class=\"_ _10\"></span>impacts <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>sales <span class=\"_ _10\"></span>volumes <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>returns <span class=\"_ _10\"></span>in <span class=\"_ _e\"></span>EDEA, <span class=\"_ _10\"></span>however, <span class=\"_ _e\"></span>the board <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>management <span class=\"_ _13\"> </span>of <span class=\"_ _2f\"> </span>EDEA <span class=\"_ _13\"> </span>were <span class=\"_ _13\"> </span>responsible <span class=\"_ _13\"> </span>for <span class=\"_ _13\"> </span>all <span class=\"_\"> </span>decisions <span class=\"_ _1d\"> </span>relating <span class=\"_ _13\"> </span>to <span class=\"_ _13\"> </span>funding, <span class=\"_\"> </span>working capital <span class=\"_ _12\"></span>management <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>expansion <span class=\"_ _14\"></span>into <span class=\"_ _12\"></span>new <span class=\"_ _12\"></span>territories <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>markets. <span class=\"_ _14\"></span>Otovo <span class=\"_ _12\"></span>has <span class=\"_ _12\"></span> <span class=\"_ _12\"></span>concluded <span class=\"_ _12\"></span>that the <span class=\"_ _12\"></span>returns <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>EDEA <span class=\"_ _12\"></span>were <span class=\"_ _12\"></span>mainly <span class=\"_ _12\"></span>impacted <span class=\"_ _10\"></span>through <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>voting <span class=\"_ _12\"></span>rights <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>shareholders, <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>that the investment should be accounted for as an associated company using the equity method. Note 4. Group structure and acquisitionsOtovo ASA (the Company or Parent) and its subsidiaries (together the Group) operates an online marketplace <span class=\"_ _1d\"> </span>for <span class=\"_ _13\"> </span>solar <span class=\"_ _13\"> </span>systems. <span class=\"_ _13\"> </span>European <span class=\"_ _1d\"> </span>Distributed <span class=\"_ _13\"> </span>Energy <span class=\"_ _13\"> </span>Assets <span class=\"_ _13\"> </span>Holding <span class=\"_ _1d\"> </span>ASA <span class=\"_ _13\"> </span>was <span class=\"_ _13\"> </span>merged with <span class=\"_ _19\"> </span>Otovo <span class=\"_ _19\"> </span>ASA <span class=\"_ _d\"> </span>during <span class=\"_ _19\"> </span>2022 <span class=\"_ _19\"> </span>and <span class=\"_ _19\"> </span>after <span class=\"_ _d\"> </span>the <span class=\"_ _19\"> </span>merger <span class=\"_ _19\"> </span>Otovo <span class=\"_ _19\"> </span>ASA <span class=\"_ _d\"> </span>holds <span class=\"_ _19\"> </span>100% <span class=\"_ _19\"> </span>of <span class=\"_ _d\"> </span>the <span class=\"_ _19\"> </span>shares <span class=\"_ _19\"> </span>in European Distributed Energy Assets Midco AS.As <span class=\"_ _19\"> </span>of <span class=\"_ _d\"> </span>year-end <span class=\"_ _d\"> </span>2022 <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _19\"> </span>consists <span class=\"_ _d\"> </span>of <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>subsidiaries <span class=\"_ _d\"> </span>presented <span class=\"_ _19\"> </span>in <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>table <span class=\"_ _d\"> </span>below. Companies owned directly by Otovo ASA are highlighted.Reportable Parent Company<span class=\"_ _31\"> </span>Country<span class=\"_ _6a\"> </span>Location<span class=\"_ _47\"> </span>Equity interestssegmentcompany <span class=\"_ _f9\"> </span> <span class=\"_ _12a\"> </span> <span class=\"_ _12b\"> </span><span class=\"ff2 fca\">31 Dec</span>31 Dec20222021Direct Otovo AB<span class=\"_ _5f\"> </span>Sweden<span class=\"_ _71\"> </span>Stockholm<span class=\"_ _12c\"> </span>100%<span class=\"_ _67\"> </span>100%Otovo ASApurchaseOtovo France Direct France<span class=\"_ _84\"> </span>Paris<span class=\"_ _de\"> </span>100%<span class=\"_ _67\"> </span>100%Otovo ASASASpurchaseDirect Otovo Iberic SL<span class=\"_ _2b\"> </span>Spain<span class=\"_ _12d\"> </span>Madrid<span class=\"_ _101\"> </span>100%<span class=\"_ _67\"> </span>100%Otovo ASApurchaseDirect Otovo Srl<span class=\"_ _76\"> </span>Italy<span class=\"_ _dc\"> </span>Milan<span class=\"_ _a4\"> </span>100%<span class=\"_ _ed\"> </span>100%Otovo ASApurchaseDirect Otovo Sp. Z.o.o<span class=\"_ _3f\"> </span>Poland<span class=\"_ _84\"> </span>Warsaw<span class=\"_ _cc\"> </span>100%<span class=\"_ _ed\"> </span>100%Otovo ASApurchaseDirect Otovo GmbH<span class=\"_ _46\"> </span>Germany<span class=\"_ _70\"> </span>Berlin<span class=\"_ _ec\"> </span>100%<span class=\"_ _67\"> </span>100%Otovo ASApurchaseDirect Otovo GmbH<span class=\"_ _46\"> </span>Austria<span class=\"_ _7d\"> </span>Wien<span class=\"_ _7a\"> </span>100%<span class=\"_ _12e\"> </span>-Otovo ASApurchaseOtovo Direct Portugal<span class=\"_ _6a\"> </span>Lisboa<span class=\"_ _115\"> </span>100%<span class=\"_ _12e\"> </span>-Otovo ASAUnipessoal LDApurchaseUnited Direct Otovo LimitedLondon<span class=\"_ _f2\"> </span>100%<span class=\"_ _12e\"> </span>-Otovo ASAKingdompurchaseOtovo Schweiz Direct Switzerland<span class=\"_ _11d\"> </span>Z\u00fcrich<span class=\"_ _f9\"> </span>100%<span class=\"_ _96\"> </span>-Otovo ASAGmbHpurchaseDirect Otovo B.V.<span class=\"_ _112\"> </span>Netherlands<span class=\"_ _5c\"> </span>Amsterdam<span class=\"_ _126\"> </span>100%<span class=\"_ _12e\"> </span>-Otovo ASApurchaseDirect Otovo BE B.V.<span class=\"_ _5d\"> </span>Belgium<span class=\"_ _63\"> </span>Brussels<span class=\"_ _cc\"> </span>100%<span class=\"_ _96\"> </span>-Otovo ASApurchaseEuropean Distributed Norway<span class=\"_ _83\"> </span>Oslo<span class=\"_ _12f\"> </span>-<span class=\"_ _dc\"> </span>88.43 %<span class=\"_ _cb\"> </span>Subscription<span class=\"_ _49\"> </span>Otovo ASAEnergy Assets Holding ASEuropean Distributed Norway<span class=\"_ _83\"> </span>Oslo<span class=\"_ _130\"> </span>100 %<span class=\"_ _126\"> </span>88.43 %<span class=\"_ _131\"> </span>Subscription<span class=\"_ _49\"> </span>Otovo ASAEnergy Assets Midco ASReportable Parent Company<span class=\"_ _cc\"> </span>Country<span class=\"_ _aa\"> </span>Location<span class=\"_ _9b\"> </span>Equity interestssegmentcompany <span class=\"_ _132\"> </span> <span class=\"_ _133\"> </span> <span class=\"_ _98\"> </span><span class=\"ff2 fca\">31 Dec</span>31 Dec20222021European Distributed European Distributed Energy Norway<span class=\"_ _b2\"> </span>Oslo<span class=\"_ _133\"> </span>100 %<span class=\"_ _ac\"> </span>88.43 %<span class=\"_ _1c\"> </span>SubscriptionEnergy Assets ASAssets Midco ASEuropean Distributed European Distributed Energy Sweden<span class=\"_ _11d\"> </span>Stockholm<span class=\"_ _11f\"> </span>100 %<span class=\"_ _ac\"> </span>88.43 %<span class=\"_ _57\"> </span>SubscriptionEnergy Assets ABAssets Midco ASEuropean Distributed Energy Edea Polska Sp. Z.o.o<span class=\"_ _129\"> </span>Poland<span class=\"_ _4c\"> </span>Warsaw<span class=\"_ _64\"> </span>100 %<span class=\"_ _46\"> </span>88.43 %<span class=\"_ _57\"> </span>SubscriptionAssets Midco ASDistributed Energy European Distributed Energy Spain<span class=\"_ _5f\"> </span>Madrid<span class=\"_ _7c\"> </span>100 %<span class=\"_ _ac\"> </span>88.43 %<span class=\"_ _57\"> </span>SubscriptionAssets SLUAssets Midco ASDistributed Energy European Distributed Energy France<span class=\"_ _4c\"> </span>Paris<span class=\"_ _75\"> </span>100 %<span class=\"_ _ac\"> </span>88.43 %<span class=\"_ _57\"> </span>SubscriptionAssets SARLAssets Midco ASEuropean Distributed European Distributed Energy Germany<span class=\"_ _ac\"> </span>Berlin<span class=\"_ _9c\"> </span>100 %<span class=\"_ _5e\"> </span>-<span class=\"_ _57\"> </span>SubscriptionEnergy Assets GmbHAssets Midco ASEuropean Distributed Energy EDEA GmbH<span class=\"_ _133\"> </span>Austria<span class=\"_ _c4\"> </span>Wien<span class=\"_ _ed\"> </span>100 %<span class=\"_ _b9\"> </span>-<span class=\"_ _1b\"> </span>SubscriptionAssets Midco ASOtovo Energy Assets European Distributed Energy Portugal<span class=\"_ _aa\"> </span>Lisboa<span class=\"_ _128\"> </span>100 %<span class=\"_ _5e\"> </span>-<span class=\"_ _57\"> </span>SubscriptionUnipessoal LDAAssets Midco ASEuropean Distributed United European Distributed Energy London<span class=\"_ _7d\"> </span>100 %<span class=\"_ _b9\"> </span>-<span class=\"_ _57\"> </span>SubscriptionEnergy Assets LimitedKingdomAssets Midco ASEuropean Distributed European Distributed Energy Energy Assets Switzerland<span class=\"_ _18\"> </span>Z\u00fcrich<span class=\"_ _59\"> </span>100 %<span class=\"_ _5e\"> </span>-<span class=\"_ _57\"> </span>SubscriptionAssets Midco ASSwitzerlandEuropean Distributed European Distributed Energy Netherlands<span class=\"_ _f\"> </span>Amsterdam<span class=\"_ _131\"> </span>100 %<span class=\"_ _5e\"> </span>-<span class=\"_ _57\"> </span>SubscriptionEnergy Assets B.V.Assets Midco ASEuropean Distributed European Distributed Energy Belgium<span class=\"_ _131\"> </span>Brussels<span class=\"_ _ba\"> </span>100 %<span class=\"_ _5e\"> </span>-<span class=\"_ _1c\"> </span>SubscriptionEnergy Assets BE B.V.Assets Midco ASNote 5. Investments in associated companies and assets held for saleOtovo <span class=\"_ _12\"></span>Group <span class=\"_ _14\"></span>has <span class=\"_ _12\"></span>a <span class=\"_ _14\"></span>clear <span class=\"_ _12\"></span>growth <span class=\"_ _12\"></span>strategy, <span class=\"_ _14\"> </span>both <span class=\"_ _12\"></span>through <span class=\"_ _14\"> </span>organic <span class=\"_ _12\"></span>growth <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>through <span class=\"_ _14\"></span>acquisitions. During <span class=\"_ _12\"></span>2021 <span class=\"_ _14\"> </span>Otovo <span class=\"_ _12\"></span>ASA <span class=\"_ _14\"> </span>increased <span class=\"_ _14\"></span>its <span class=\"_ _12\"></span>investment <span class=\"_ _14\"></span>in <span class=\"_ _12\"></span>European <span class=\"_ _14\"> </span>Distributed <span class=\"_ _12\"></span>Energy <span class=\"_ _14\"> </span>Assets <span class=\"_ _12\"></span>Holding <span class=\"_ _14\"> </span>AS (EDEA) from 18.75% to 88.43% and gained control of the company, a step taken <span class=\"_ _e\"></span>to regain control over the <span class=\"_ _10\"></span>strategically <span class=\"_ _12\"></span>important <span class=\"_ _12\"></span>subscription <span class=\"_ _10\"></span>offering <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>Otovo <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>facilitate <span class=\"_ _12\"></span>future <span class=\"_ _12\"></span>growth. <span class=\"_ _10\"></span>EDEA <span class=\"_ _12\"></span>was founded <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>Otovo <span class=\"_ _e\"></span>in 2020, <span class=\"_ _e\"></span>during <span class=\"_ _e\"></span>2020 <span class=\"_ _e\"></span>Otovo's <span class=\"_ _e\"></span>ownership <span class=\"_ _e\"></span>interest <span class=\"_ _e\"></span>was reduced <span class=\"_ _e\"></span>from <span class=\"_ _e\"></span>100% <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>18.75%. From <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>establishment <span class=\"_ _14\"></span>of <span class=\"_ _12\"></span>EDEA <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>two <span class=\"_ _12\"></span>companies <span class=\"_ _12\"></span>have <span class=\"_ _14\"></span>cooperated <span class=\"_ _12\"></span>closely, <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>had <span class=\"_ _14\"> </span>exclusivity when <span class=\"_ _10\"></span>it <span class=\"_ _e\"></span>comes <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>offering <span class=\"_ _10\"></span>solar <span class=\"_ _10\"></span>subscription <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>customers <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>Otovo's <span class=\"_ _10\"></span>markets. <span class=\"_ _e\"></span>European <span class=\"_ _10\"></span>Distributed Energy Assets <span class=\"_ _e\"></span>Holding ASA was merged <span class=\"_ _e\"></span>with Otovo ASA <span class=\"_ _e\"></span>during 2022 and <span class=\"_ _e\"></span>after the merger <span class=\"_ _e\"></span>Otovo ASA holds 100% of the shares in European Distributed Energy Assets Midco AS.EDEA <span class=\"_ _1c\"> </span>has <span class=\"_ _1c\"> </span>been <span class=\"_ _1c\"> </span>consolidated <span class=\"_ _57\"> </span>into <span class=\"_ _1c\"> </span>the <span class=\"_ _1c\"> </span>group <span class=\"_ _57\"> </span>accounts <span class=\"_ _1c\"> </span>as <span class=\"_ _1c\"> </span>of <span class=\"_ _57\"> </span>the <span class=\"_ _1c\"> </span>acquisition <span class=\"_ _1c\"> </span>date, <span class=\"_ _1c\"> </span>and <span class=\"_ _57\"> </span>the subscription <span class=\"_ _13\"> </span>business <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>EDEA <span class=\"_ _1d\"> </span>is <span class=\"_\"> </span>reported <span class=\"_ _1d\"> </span>as <span class=\"_ _13\"> </span>a <span class=\"_\"> </span>separate <span class=\"_ _1d\"> </span>operating <span class=\"_\"> </span>segment. <span class=\"_ _1d\"> </span>Refer <span class=\"_ _2f\"> </span>to <span class=\"_ _13\"> </span>note <span class=\"_ _13\"> </span>6 <span class=\"_\"> </span>for further details.Holu <span class=\"_ _21\"> </span>is <span class=\"_ _f\"> </span>a <span class=\"_ _21\"> </span>partnership <span class=\"_ _21\"> </span>between <span class=\"_ _f\"> </span>Otovo <span class=\"_ _21\"> </span>and <span class=\"_ _21\"> </span>Gera, <span class=\"_ _f\"> </span>established <span class=\"_ _21\"> </span>in <span class=\"_ _21\"> </span>2020, <span class=\"_ _21\"> </span>to <span class=\"_ _f\"> </span>pilot <span class=\"_ _21\"> </span>the <span class=\"_ _21\"> </span>Otovo Platform-as-a-Service <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>Brazil. <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>owns <span class=\"_ _e\"></span>34% <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>Holu, <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>addition <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>potential <span class=\"_ _10\"></span>returns <span class=\"_ _10\"></span>on <span class=\"_ _10\"></span>the investment <span class=\"_ _e\"></span>Otovo <span class=\"_ _e\"></span>collects <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fee <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>sale <span class=\"_ _e\"></span>made <span class=\"_ _e\"></span>through <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Otovo <span class=\"_ _e\"></span>Platform. <span class=\"_ _e\"></span>Gera <span class=\"_ _e\"></span>runs <span class=\"_ _10\"></span>on <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Otovo tech <span class=\"_ _e\"></span>platform, <span class=\"_ _e\"></span>but <span class=\"_ _e\"></span>operations <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>performed separately. <span class=\"_ _e\"></span>Gera <span class=\"_ _e\"></span>holds <span class=\"_ _e\"></span>54% <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>shares <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>Holu, <span class=\"_ _e\"></span>while the remaining 12% is held by an investor independent of Gera and Otovo. On <span class=\"_ _10\"></span>21 <span class=\"_ _10\"></span>December <span class=\"_ _12\"></span>2022, <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>entered <span class=\"_ _12\"></span>into <span class=\"_ _10\"></span>an <span class=\"_ _10\"></span>agreement <span class=\"_ _12\"></span>with <span class=\"_ _10\"></span>Gera <span class=\"_ _10\"></span>Brazil <span class=\"_ _12\"></span>Technologia <span class=\"_ _10\"></span>Ltda. <span class=\"_ _10\"></span>(Gera), for <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>sale <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>Otovo\u2019s <span class=\"_ _1d\"> </span>stake <span class=\"_ _1d\"> </span>in <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Brazilian <span class=\"_ _13\"> </span>solar <span class=\"_ _1d\"> </span>platform <span class=\"_ _1d\"> </span>Holu. <span class=\"_ _1d\"> </span>Holu <span class=\"_ _1d\"> </span>was <span class=\"_ _1d\"> </span>established <span class=\"_ _1d\"> </span>as <span class=\"_ _1d\"> </span>a <span class=\"_ _1d\"> </span>joint venture with Gera in 2019 where Otovo owns 34%.The <span class=\"_ _10\"></span>transaction <span class=\"_ _10\"></span>price <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>approximately <span class=\"_ _10\"></span>NOK <span class=\"_ _10\"></span>22m <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>equal <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>capital <span class=\"_ _10\"></span>injected <span class=\"_ _10\"></span>since <span class=\"_ _10\"></span>2019 <span class=\"_ _10\"></span>plus <span class=\"_ _10\"></span>an additional <span class=\"_ _e\"></span>5% <span class=\"_ _10\"></span>premium. <span class=\"_ _10\"></span>The <span class=\"_ _10\"></span>transaction <span class=\"_ _e\"></span>is <span class=\"_ _10\"></span>pending <span class=\"_ _10\"></span>certain <span class=\"_ _10\"></span>conditions <span class=\"_ _10\"></span>and <span class=\"_ _e\"></span>had <span class=\"_ _10\"></span>not <span class=\"_ _10\"></span>been <span class=\"_ _10\"></span>settled <span class=\"_ _e\"></span>as of <span class=\"_ _11\"> </span>31 <span class=\"_ _1e\"> </span>December <span class=\"_ _11\"> </span>2022. <span class=\"_ _1e\"> </span>Refer <span class=\"_ _11\"> </span>to <span class=\"_ _1e\"> </span>note <span class=\"_ _11\"> </span>25 <span class=\"_ _1e\"> </span>for <span class=\"_ _11\"> </span>further <span class=\"_ _1e\"> </span>information <span class=\"_ _11\"> </span>about <span class=\"_ _1e\"> </span>the <span class=\"_ _11\"> </span>completion <span class=\"_ _1e\"> </span>of <span class=\"_ _11\"> </span>the transaction. The <span class=\"_ _e\"></span>investment <span class=\"_ _e\"></span>has <span class=\"_ _10\"></span>been <span class=\"_ _e\"></span>reclassified <span class=\"_ _e\"></span>from <span class=\"_ _10\"></span>investments <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>associated <span class=\"_ _10\"></span>companies <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>assets <span class=\"_ _10\"></span>held <span class=\"_ _e\"></span>for sale in accordance with IFRS 5. Investments in equity accounted investees and assets held for saleOwnership and voting rights<span class=\"_ _81\"> </span>Carrying amountReportable Investment<span class=\"_ _dc\"> </span>Locationsegment31 Dec 2021<span class=\"_ _5\"> </span>31 Dec 2022<span class=\"_ _5\"> </span>31 Dec 2021<span class=\"_ _9b\"> </span>31 Dec 2022Holu Technologia SA<span class=\"_ _87\"> </span>Brazil<span class=\"_ _87\"> </span>S\u00e3o Paulo<span class=\"_ _106\"> </span>34%<span class=\"_ _133\"> </span>34%<span class=\"_ _ed\"> </span><span class=\"fca\">3 360<span class=\"_ _f4\"> </span></span>9 748Investment  - Reconciliation<span class=\"_ _110\"> </span>2022<span class=\"_ _63\"> </span>2021At 1 January<span class=\"_ _134\"> </span>3 360<span class=\"_ _27\"> </span>27 615Additions<span class=\"_ _135\"> </span>15 411<span class=\"_ _70\"> </span>5 478Book value of EDEA at acquisition date<span class=\"_ _10e\"> </span>-<span class=\"_ _5\"> </span>-26 322The Group's share of the associate's result after tax<span class=\"_ _136\"> </span>-9 864<span class=\"_ _bd\"> </span>-3 312Exchange difference<span class=\"_ _137\"> </span>841<span class=\"_ _73\"> </span>-99At 31 December<span class=\"_ _138\"> </span>9 748<span class=\"_ _70\"> </span>3 360Note 6. Reporting segment information and revenueAmounts in NOK thousandFor <span class=\"_ _14\"> </span>Management <span class=\"_ _1d\"> </span>purposes <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>Group <span class=\"_ _1d\"> </span>is <span class=\"_ _1d\"> </span>organized <span class=\"_ _14\"> </span>into <span class=\"_ _1d\"> </span>two <span class=\"_ _1d\"> </span>business <span class=\"_ _14\"> </span>lines. <span class=\"_ _1d\"> </span>\"Direct <span class=\"_ _1d\"> </span>purchase\" <span class=\"_ _14\"> </span>and \"Subscription\". <span class=\"_\"> </span>Starting <span class=\"_\"> </span>from <span class=\"_\"> </span>the <span class=\"_ _19\"> </span>EDEA <span class=\"_\"> </span>acquisition <span class=\"_\"> </span>8 <span class=\"_\"> </span>December <span class=\"_ _19\"> </span>2021 <span class=\"_\"> </span>The <span class=\"_\"> </span>Executive <span class=\"_\"> </span>Management monitors <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>operating <span class=\"_ _d\"> </span>results <span class=\"_ _19\"> </span>of <span class=\"_ _d\"> </span>these <span class=\"_ _d\"> </span>business <span class=\"_ _19\"> </span>lines <span class=\"_ _d\"> </span>separately <span class=\"_ _19\"> </span>for <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>purposes <span class=\"_ _19\"> </span>of <span class=\"_ _d\"> </span>making decisions <span class=\"_ _1d\"> </span>about <span class=\"_ _1d\"> </span>resource <span class=\"_ _1d\"> </span>allocation <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>performance <span class=\"_ _13\"> </span>assessment. <span class=\"_ _1d\"> </span>See <span class=\"_ _1d\"> </span>further <span class=\"_ _1d\"> </span>details <span class=\"_ _1d\"> </span>about <span class=\"_ _13\"> </span>the acquisition in note 22.The <span class=\"_ _12\"></span>Direct <span class=\"_ _14\"></span>Purchase <span class=\"_ _12\"></span>segment <span class=\"_ _14\"></span>consists <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>transactions <span class=\"_ _14\"> </span>relating <span class=\"_ _12\"></span>to <span class=\"_ _14\"> </span>sale <span class=\"_ _12\"></span>of <span class=\"_ _14\"></span>solar <span class=\"_ _12\"></span>panels <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>related products, <span class=\"_ _e\"></span>while <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Subscription <span class=\"_ _e\"></span>segment <span class=\"_ _e\"></span>consists <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>transactions related <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>customers <span class=\"_ _e\"></span>subscribing to <span class=\"_ _14\"> </span>use <span class=\"_ _14\"> </span>solar <span class=\"_ _14\"> </span>panels <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>related <span class=\"_ _1d\"> </span>products. <span class=\"_ _14\"> </span>Currently <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>subscription <span class=\"_ _14\"> </span>period <span class=\"_ _1d\"> </span>for <span class=\"_ _14\"> </span>solar <span class=\"_ _14\"> </span>panels <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>20 years <span class=\"_ _14\"> </span>while <span class=\"_ _1d\"> </span>it <span class=\"_ _1d\"> </span>is <span class=\"_ _1d\"> </span>10 <span class=\"_ _14\"> </span>years <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>batteries. <span class=\"_ _1d\"> </span>Subscription <span class=\"_ _1d\"> </span>for <span class=\"_ _14\"> </span>solar <span class=\"_ _1d\"> </span>panels <span class=\"_ _1d\"> </span>installations <span class=\"_ _1d\"> </span>are <span class=\"_ _1d\"> </span>classified <span class=\"_ _14\"> </span>as service <span class=\"_ _d\"> </span>agreements <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>accordance <span class=\"_ _d\"> </span>with <span class=\"_ _d\"> </span>IFRS <span class=\"_ _d\"> </span>15, <span class=\"_ _19\"> </span>while <span class=\"_ _d\"> </span>subscription <span class=\"_ _d\"> </span>contracts <span class=\"_ _d\"> </span>for <span class=\"_ _d\"> </span>batteries <span class=\"_ _d\"> </span>are classified as operating leases in accordance with IFRS 16. Refer to note 2 for further information. The <span class=\"_ _f\"> </span>segment <span class=\"_ _f\"> </span>reporting <span class=\"_ _f\"> </span>is <span class=\"_ _f\"> </span>presented <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>the <span class=\"_ _f\"> </span>same <span class=\"_ _f\"> </span>manner <span class=\"_ _f\"> </span>as <span class=\"_ _f\"> </span>presented <span class=\"_ _f\"> </span>to <span class=\"_ _f\"> </span>the <span class=\"_ _f\"> </span>Executive Management. Information regarding reporting segments in the GroupReportable segments - 2022Direct purchase<span class=\"_ _5c\"> </span>Subscription<span class=\"_ _4\"> </span>Elimination<span class=\"_ _71\"> </span>TotalRevenue<span class=\"_ _139\"> </span>789 449<span class=\"_ _13a\"> </span>-<span class=\"_ _5e\"> </span>-151 948<span class=\"_ _11f\"> </span>637 501Other operating income<span class=\"_ _13b\"> </span>6 031<span class=\"_ _13c\"> </span>11 420<span class=\"_ _10f\"> </span>-2 688<span class=\"_ _65\"> </span>14 763Total operating income<span class=\"_ _13d\"> </span>795 480<span class=\"_ _133\"> </span>11 420<span class=\"_ _73\"> </span>-154 636<span class=\"_ _87\"> </span>652 264Cost of goods sold<span class=\"_ _13e\"> </span>654 678<span class=\"_ _13a\"> </span>-<span class=\"_ _127\"> </span>-131 527<span class=\"_ _86\"> </span>523 152Payroll and related costs<span class=\"_ _13f\"> </span>218 552<span class=\"_ _f2\"> </span>565<span class=\"_ _13a\"> </span>-<span class=\"_ _65\"> </span>219 117Depreciation, amortisation and 23 235<span class=\"_ _a5\"> </span>6 316<span class=\"_ _90\"> </span>34 782<span class=\"_ _bb\"> </span>64 333impairmentOther operating expenses<span class=\"_ _140\"> </span>158 322<span class=\"_ _141\"> </span>7 586<span class=\"_ _142\"> </span>-2 711<span class=\"_ _bb\"> </span>163 197Operating profit/(loss)<span class=\"_ _143\"> </span>-259 307<span class=\"_ _90\"> </span>-3 047<span class=\"_ _127\"> </span>-55 180<span class=\"_ _131\"> </span>-317 534Reportable segments -2021Direct purchase<span class=\"_ _5c\"> </span>Subscription<span class=\"_ _4\"> </span>Elimination<span class=\"_ _71\"> </span>TotalRevenue<span class=\"_ _144\"> </span>289 339<span class=\"_ _13a\"> </span>-<span class=\"_ _90\"> </span>-4 074<span class=\"_ _60\"> </span>285 265Other operating income<span class=\"_ _145\"> </span>3 714<span class=\"_ _146\"> </span>423<span class=\"_ _13a\"> </span>-<span class=\"_ _68\"> </span>4 137Total operating income<span class=\"_ _147\"> </span>293 053<span class=\"_ _d4\"> </span>423<span class=\"_ _6f\"> </span>-4 074<span class=\"_ _87\"> </span>289 402Cost of goods sold<span class=\"_ _13e\"> </span>243 640<span class=\"_ _13a\"> </span>-<span class=\"_ _ed\"> </span>-3 278<span class=\"_ _4\"> </span>240 362Payroll and related costs<span class=\"_ _80\"> </span>113 348<span class=\"_ _d4\"> </span>200<span class=\"_ _9f\"> </span>-<span class=\"_ _bd\"> </span>113 548Depreciation, amortisation and 19 491<span class=\"_ _e1\"> </span>82<span class=\"_ _99\"> </span>2 076<span class=\"_ _47\"> </span>21 649impairmentOther operating expenses<span class=\"_ _148\"> </span>88 568<span class=\"_ _f2\"> </span>569<span class=\"_ _9f\"> </span>-<span class=\"_ _65\"> </span>89 137Operating profit/(loss)<span class=\"_ _149\"> </span>-171 994<span class=\"_ _a5\"> </span>-428<span class=\"_ _ed\"> </span>-2 872<span class=\"_ _35\"> </span>-175 294Disaggregation of Total operating incomeThe reported <span class=\"_ _e\"></span>Revenue is stemming <span class=\"_ _e\"></span>from contracts <span class=\"_ _e\"></span>with customers for <span class=\"_ _e\"></span>their purchase of <span class=\"_ _e\"></span>solar panels and <span class=\"_ _10\"></span>batteries. <span class=\"_ _10\"></span>The <span class=\"_ _10\"></span>reported <span class=\"_ _e\"></span>Other <span class=\"_ _10\"></span>operating <span class=\"_ _10\"></span>income <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>stemming <span class=\"_ _10\"></span>from <span class=\"_ _10\"></span>contracts <span class=\"_ _10\"></span>with <span class=\"_ _10\"></span>customer <span class=\"_ _10\"></span>for their <span class=\"_ _10\"></span>use <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>solar <span class=\"_ _e\"></span>panels <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>batteries <span class=\"_ _10\"></span>held <span class=\"_ _10\"></span>by <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>Group, <span class=\"_ _10\"></span>as <span class=\"_ _10\"></span>reported <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>subscription <span class=\"_ _10\"></span>segment. The <span class=\"_ _12\"></span>remainder, <span class=\"_ _10\"></span>approximately <span class=\"_ _12\"></span>NOK <span class=\"_ _12\"></span>3.3 <span class=\"_ _10\"></span>million <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>2022 <span class=\"_ _10\"></span>is <span class=\"_ _12\"></span>primarily <span class=\"_ _12\"></span>related <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>government <span class=\"_ _12\"></span>grants. <span class=\"_ _12\"></span>In 2021 <span class=\"_ _10\"></span>Other <span class=\"_ _10\"></span>operating <span class=\"_ _10\"></span>income <span class=\"_ _e\"></span>included <span class=\"_ _10\"></span>service <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>maintenance <span class=\"_ _10\"></span>fees <span class=\"_ _10\"></span>charged <span class=\"_ _10\"></span>from <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>EDEA, up until the acquisition date, additional to government grants. Total <span class=\"_ _14\"> </span>operating <span class=\"_ _14\"> </span>income <span class=\"_ _14\"> </span>from <span class=\"_ _14\"> </span>external <span class=\"_ _14\"> </span>customers <span class=\"_ _14\"> </span>is <span class=\"_ _1d\"> </span>NOK <span class=\"_ _14\"> </span>652 <span class=\"_ _14\"> </span>million, <span class=\"_ _14\"> </span>while <span class=\"_ _14\"> </span>it <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>NOK <span class=\"_ _1d\"> </span>155 <span class=\"_ _14\"> </span>million <span class=\"_ _14\"> </span>on intersegment <span class=\"_ _10\"></span>sales. <span class=\"_ _12\"></span>Intersegment <span class=\"_ _10\"></span>sales <span class=\"_ _12\"></span>is <span class=\"_ _10\"></span>primarily <span class=\"_ _10\"></span>sale <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>solar <span class=\"_ _12\"></span>panels <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>related <span class=\"_ _10\"></span>products <span class=\"_ _10\"></span>from the Direct Purchase operating segment to the Subscription operating segment.Geographical distribution of external revenues based on customer locationGeographical information<span class=\"_ _14a\"> </span>2022<span class=\"_ _ea\"> </span>20211North268 062<span class=\"_ _14b\"> </span>161 4522DACH + Italy220 452<span class=\"_ _a7\"> </span>23 4013Benefrux110 393<span class=\"_ _36\"> </span>49 1154Atlantic53 357<span class=\"_ _14b\"> </span>55 434Total revenue and other income<span class=\"_ _14c\"> </span>652 264<span class=\"_ _e1\"> </span>289 4021) Norway, Sweden and Poland, of which Norway is 161 574 (2022) and 79 705 (2021)2) Italy, Germany, Switzerland and Austria3) France, the Netherlands and Belgium4) Spain, Portugal and the UKNote 7. Employee benefitsAmounts in NOK thousandSpecification of payroll and related cost<span class=\"_ _14d\"> </span>2022<span class=\"_ _b1\"> </span>2021Salary/wages<span class=\"_ _cd\"> </span>174 556<span class=\"_ _3\"> </span>80 565Employee tax<span class=\"_ _14e\"> </span>31 621<span class=\"_ _87\"> </span>26 492Pension costs<span class=\"_ _14f\"> </span><span class=\"fc9\">7 624<span class=\"_ _bd\"> </span>4 444</span>Other personnel costs<span class=\"_ _150\"> </span>5 316<span class=\"_ _70\"> </span>2 047Total payroll expense<span class=\"_ _151\"> </span>219 117<span class=\"_ _5\"> </span>113 548Full time equivalents<span class=\"_ _152\"> </span>2022<span class=\"_ _b1\"> </span>2021Male<span class=\"_ _153\"> </span><span class=\"fc9\">214<span class=\"_ _128\"> </span>87</span>Female<span class=\"_ _154\"> </span>137<span class=\"_ _127\"> </span>62Total<span class=\"_ _155\"> </span>352<span class=\"_ _84\"> </span>149Percentage female employees<span class=\"_ _156\"> </span><span class=\"fc9\">39%<span class=\"_ _ba\"> </span>42%</span>Remuneration to CEO, Executive Management and board members Share-2022<span class=\"_ _6e\"> </span>Salary<span class=\"_ _5\"> </span>Bonus<span class=\"_ _5c\"> </span>PensionOther<span class=\"_ _31\"> </span>Totalbased CEO<span class=\"_ _157\"> </span>2 232<span class=\"_ _b1\"> </span>554<span class=\"_ _83\"> </span>100<span class=\"_ _106\"> </span>239<span class=\"_ _f4\"> </span>9<span class=\"_ _4b\"> </span>3 134Other members of 8 039<span class=\"_ _106\"> </span>887<span class=\"_ _ba\"> </span>277<span class=\"_ _158\"> </span>673<span class=\"_ _c6\"> </span>30<span class=\"_ _31\"> </span>9 906Executive ManagementBoard members<span class=\"_ _39\"> </span>-<span class=\"_ _124\"> </span>-<span class=\"_ _124\"> </span>-<span class=\"_ _124\"> </span>-<span class=\"_ _93\"> </span>558<span class=\"_ _b1\"> </span>558Total remuneration<span class=\"_ _159\"> </span>10 271<span class=\"_ _70\"> </span>1 441<span class=\"_ _15a\"> </span>377<span class=\"_ _74\"> </span>912<span class=\"_ _106\"> </span>597<span class=\"_ _4\"> </span>13 597Share-2021<span class=\"_ _15b\"> </span>Salary<span class=\"_ _11d\"> </span>Bonus<span class=\"_ _a\"> </span>PensionOther<span class=\"_ _31\"> </span>TotalbasedCEO<span class=\"_ _f5\"> </span>1 400<span class=\"_ _124\"> </span>-<span class=\"_ _83\"> </span>104<span class=\"_ _83\"> </span>616<span class=\"_ _f4\"> </span>8<span class=\"_ _4b\"> </span>2 128Other members of 6 515<span class=\"_ _124\"> </span>-<span class=\"_ _158\"> </span>728<span class=\"_ _2\"> </span>8 744<span class=\"_ _7c\"> </span>53<span class=\"_ _60\"> </span>16 039Executive ManagementBoard members<span class=\"_ _39\"> </span>-<span class=\"_ _124\"> </span>-<span class=\"_ _124\"> </span>-<span class=\"_ _124\"> </span>-<span class=\"_ _73\"> </span>120<span class=\"_ _74\"> </span>120Total remuneration<span class=\"_ _15c\"> </span>7 914<span class=\"_ _15d\"> </span>-<span class=\"_ _63\"> </span>832<span class=\"_ _86\"> </span>9 359<span class=\"_ _64\"> </span>182<span class=\"_ _119\"> </span>18 287Salary to CEO and other members of Executive managementThe <span class=\"_ _e\"></span>accumulated <span class=\"_ _e\"></span>remuneration to <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>CEO <span class=\"_ _e\"></span>and other <span class=\"_ _e\"></span>members <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>Executive Management <span class=\"_ _e\"></span>consists of <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>fixed <span class=\"_ _13\"> </span>salary, <span class=\"_ _13\"> </span>standard <span class=\"_ _13\"> </span>pension- <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>insurance <span class=\"_ _13\"> </span>terms <span class=\"_ _13\"> </span>for <span class=\"_ _13\"> </span>employees <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>a <span class=\"_ _13\"> </span>variable <span class=\"_ _13\"> </span>salary. Additionally, the <span class=\"_ _e\"></span>Executive Management has received <span class=\"_ _e\"></span>share-based payments. The <span class=\"_ _e\"></span>main purpose of the <span class=\"_\"> </span>system <span class=\"_\"> </span>for <span class=\"_ _2f\"> </span>management <span class=\"_\"> </span>remuneration <span class=\"_\"> </span>is <span class=\"_ _2f\"> </span>to <span class=\"_\"> </span>stimulate <span class=\"_\"> </span>a <span class=\"_ _2f\"> </span>strong <span class=\"_\"> </span>and <span class=\"_\"> </span>lasting <span class=\"_ _2f\"> </span>profit <span class=\"_\"> </span>oriented culture <span class=\"_ _e\"></span>leading <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>an <span class=\"_ _10\"></span>increasing <span class=\"_ _e\"></span>value <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>Company. <span class=\"_ _10\"></span>Other <span class=\"_ _e\"></span>members <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>Executive <span class=\"_ _10\"></span>Management consist <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>9 <span class=\"_ _12\"></span>persons, <span class=\"_ _14\"> </span>included <span class=\"_ _12\"></span>in <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>table <span class=\"_ _14\"> </span>above <span class=\"_ _14\"></span>with <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>remuneration <span class=\"_ _12\"></span>for <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>period <span class=\"_ _14\"></span>they <span class=\"_ _12\"></span>were members <span class=\"_ _19\"> </span>of <span class=\"_ _45\"> </span>Executive <span class=\"_ _19\"> </span>Management. <span class=\"_ _19\"> </span>The <span class=\"_ _19\"> </span>management <span class=\"_ _19\"> </span>team, <span class=\"_ _19\"> </span>excluding <span class=\"_ _19\"> </span>CEO, <span class=\"_ _19\"> </span>has <span class=\"_ _19\"> </span>on <span class=\"_ _19\"> </span>average consisted of 6 persons. The Executive Management are members of <span class=\"_ _e\"></span>a collective pension and insurance scheme applicable to all employees in the country of employment. Loans to employees and board membersNo loans <span class=\"_ _e\"></span>or guarantees <span class=\"_ _e\"></span>have been given <span class=\"_ _e\"></span>to members <span class=\"_ _e\"></span>of the Management, <span class=\"_ _e\"></span>the Board <span class=\"_ _e\"></span>of Directors or other elected corporate bodies. Pension costs and obligationsThe <span class=\"_ _12\"></span>Group <span class=\"_ _12\"></span>has <span class=\"_ _12\"></span>a <span class=\"_ _12\"></span>defined <span class=\"_ _12\"></span>contribution <span class=\"_ _12\"></span>plan <span class=\"_ _14\"></span>for <span class=\"_ _12\"></span>some <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>its <span class=\"_ _12\"></span>employees. <span class=\"_ _12\"></span>The <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _12\"></span>payments <span class=\"_ _12\"></span>are recognized <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>profit <span class=\"_ _d\"> </span>or <span class=\"_ _d\"> </span>loss <span class=\"_ _d\"> </span>as <span class=\"_ _d\"> </span>an <span class=\"_ _d\"> </span>employee <span class=\"_ _11\"> </span>benefit <span class=\"_ _19\"> </span>expenses <span class=\"_ _d\"> </span>for <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>year <span class=\"_ _11\"> </span>to <span class=\"_ _19\"> </span>which <span class=\"_ _d\"> </span>the contribution <span class=\"_ _1c\"> </span>applies. <span class=\"_ _1c\"> </span>The <span class=\"_ _1c\"> </span>company <span class=\"_ _1c\"> </span>has <span class=\"_ _57\"> </span>no <span class=\"_ _1c\"> </span>legal <span class=\"_ _1c\"> </span>or <span class=\"_ _1c\"> </span>constructive <span class=\"_ _57\"> </span>obligations <span class=\"_ _1c\"> </span>to <span class=\"_ _1c\"> </span>pay <span class=\"_ _1c\"> </span>further contributions if <span class=\"_ _e\"></span>the fund does not <span class=\"_ _e\"></span>hold sufficient assets <span class=\"_ _e\"></span>to pay all <span class=\"_ _e\"></span>employees the benefits <span class=\"_ _e\"></span>relating to employee <span class=\"_ _e\"></span>service <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>current <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>prior <span class=\"_ _e\"></span>periods, <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>therefore <span class=\"_ _e\"></span>does <span class=\"_ _e\"></span>not record <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>pension <span class=\"_ _e\"></span>liability in the balance sheet.The <span class=\"_ _e\"></span>pension <span class=\"_ _e\"></span>schemes <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Norwegian <span class=\"_ _e\"></span>companies <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>follow <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>requirements <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Act on Mandatory company pension.Shares, <span class=\"_ _12\"></span>shares <span class=\"_ _12\"></span>options, <span class=\"_ _10\"></span>performance <span class=\"_ _12\"></span>shares <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>retention <span class=\"_ _12\"></span>shares <span class=\"_ _12\"></span>held <span class=\"_ _10\"></span>by <span class=\"_ _12\"></span>CEO, <span class=\"_ _12\"></span>other <span class=\"_ _12\"></span>members <span class=\"_ _12\"></span>of Executive Management and Board of Directors, or by an entity controlled by these.Shares, shares options, performance shares and retention shares held by CEO, Chairman of the board and other members of Executive Management or  Board of DirectorsShare Perform.Retention Total Name<span class=\"_ _15e\"> </span>Role<span class=\"_ _7b\"> </span>Sharesoptionssharesshares31.12.2022Andreas Thorsheim<span class=\"_ _111\"> </span>CEO<span class=\"_ _15f\"> </span>8 664 610<span class=\"_ _6c\"> </span>100 000<span class=\"_ _89\"> </span>-<span class=\"_ _5f\"> </span>14 300<span class=\"_ _6\"> </span>8 778 910Other members for Management<span class=\"_ _c7\"> </span>3 336 308<span class=\"_ _aa\"> </span>1 733 334<span class=\"_ _31\"> </span>170 940<span class=\"_ _2\"> </span>471 320<span class=\"_ _11d\"> </span>5 711 902Executive ManagementChairman of the Peter Mellbye60 000<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _27\"> </span>60 000boardJosefin Christina Landg\u00e5rd<span class=\"_ _24\"> </span>Board member<span class=\"_ _124\"> </span>91 583<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _5f\"> </span>91 583Alejandro D\u00edaz<span class=\"_ _160\"> </span>Board member<span class=\"_ _59\"> </span>78 600<span class=\"_ _bb\"> </span>33 333<span class=\"_ _89\"> </span>-<span class=\"_ _5f\"> </span>14 300<span class=\"_ _2\"> </span>126 233Julie Orzechowski<span class=\"_ _75\"> </span>Board member<span class=\"_ _161\"> </span>-<span class=\"_ _70\"> </span>15 000<span class=\"_ _133\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _125\"> </span>15 000Shares, shares options, performance shares and retention shares held by entities which have representation in the Board of DirectorsName<span class=\"_ _165\"> </span>SharesAxel Johnson AB<span class=\"_ _166\"> </span>27 684 078Agder Energi Invest AS<span class=\"_ _167\"> </span>9 206 240OBOS BBL<span class=\"_ _168\"> </span>5 260 180Share-based  paymentsThe <span class=\"_\"> </span>Group <span class=\"_ _d\"> </span>has <span class=\"_\"> </span>in <span class=\"_ _d\"> </span>place <span class=\"_\"> </span>share <span class=\"_ _d\"> </span>option <span class=\"_\"> </span>programmes <span class=\"_ _d\"> </span>where <span class=\"_\"> </span>the <span class=\"_ _d\"> </span>employees <span class=\"_\"> </span>have <span class=\"_ _d\"> </span>been granted <span class=\"_ _1d\"> </span>options <span class=\"_ _13\"> </span>at <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>strike <span class=\"_ _13\"> </span>price <span class=\"_ _13\"> </span>in <span class=\"_ _1d\"> </span>accordance <span class=\"_ _13\"> </span>with <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>market <span class=\"_ _13\"> </span>price <span class=\"_ _13\"> </span>at <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>time <span class=\"_ _13\"> </span>of issuance. <span class=\"_ _2f\"> </span>The <span class=\"_ _2f\"> </span>programs <span class=\"_ _2f\"> </span>includes <span class=\"_ _2f\"> </span>both <span class=\"_ _2f\"> </span>existing <span class=\"_ _2f\"> </span>and <span class=\"_ _2f\"> </span>new <span class=\"_ _2f\"> </span>employees <span class=\"_ _45\"> </span>who <span class=\"_ _2f\"> </span>are <span class=\"_ _2f\"> </span>awarded options <span class=\"_ _57\"> </span>based <span class=\"_ _1b\"> </span>on <span class=\"_ _1b\"> </span>an <span class=\"_ _1b\"> </span>allocation <span class=\"_ _1b\"> </span>into <span class=\"_ _1b\"> </span>defined <span class=\"_ _1b\"> </span>tiers <span class=\"_ _1b\"> </span>proposed <span class=\"_ _1b\"> </span>by <span class=\"_ _1b\"> </span>Management <span class=\"_ _1b\"> </span>and approved <span class=\"_ _14\"> </span>by <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Board <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>Directors. <span class=\"_ _1d\"> </span>The <span class=\"_ _14\"> </span>options <span class=\"_ _1d\"> </span>vest <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span><span class=\"ff6\">\u2153</span> <span class=\"_ _1d\"> </span>each <span class=\"_ _14\"> </span>year <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>three <span class=\"_ _14\"> </span>years<span class=\"_ _e\"></span> after the issuance. Furthermore, <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>share <span class=\"_ _10\"></span>purchase <span class=\"_ _10\"></span>programme <span class=\"_ _10\"></span>was <span class=\"_ _12\"></span>established <span class=\"_ _e\"></span>by <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>Group <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>2020 <span class=\"_ _10\"></span>where the <span class=\"_ _1a\"> </span>participants <span class=\"_ _1a\"> </span>subscribe <span class=\"_ _1a\"> </span>to <span class=\"_ _1a\"> </span>new <span class=\"_ _1a\"> </span>shares <span class=\"_ _1a\"> </span>as <span class=\"_ _1a\"> </span>an <span class=\"_ _1a\"> </span>initial <span class=\"_ _1a\"> </span>investment, <span class=\"_ _1f\"> </span>and <span class=\"_ _1a\"> </span>receive<span class=\"_ _e\"></span> performance <span class=\"_ _12\"></span>shares <span class=\"_ _10\"></span>after <span class=\"_ _12\"></span>two <span class=\"_ _12\"></span>years <span class=\"_ _10\"></span>if <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>share <span class=\"_ _10\"></span>price <span class=\"_ _12\"></span>has <span class=\"_ _12\"></span>doubled <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>retention <span class=\"_ _12\"></span>shares after <span class=\"_ _e\"></span>three and <span class=\"_ _e\"></span>four <span class=\"_ _e\"></span>years <span class=\"_ _e\"></span>respectively <span class=\"_ _e\"></span>if they <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>still <span class=\"_ _e\"></span>employed with <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Group. <span class=\"_ _e\"></span>The share<span class=\"_ _e\"></span> purchase <span class=\"_ _14\"></span>program <span class=\"_ _12\"></span>is <span class=\"_ _14\"> </span>discontinued, <span class=\"_ _14\"></span>but <span class=\"_ _14\"></span>but <span class=\"_ _14\"></span>there <span class=\"_ _12\"></span>are <span class=\"_ _14\"> </span>still <span class=\"_ _14\"></span>outstanding <span class=\"_ _14\"></span>performance <span class=\"_ _14\"></span>and retention shares.Expenses related to share-based payments included in total payroll expense<span class=\"_ _105\"> </span>2022<span class=\"_ _64\"> </span>2021Share-based payments<span class=\"_ _162\"> </span>24 950<span class=\"_ _bd\"> </span>10 249Social security contribution<span class=\"_ _163\"> </span>5 128<span class=\"_ _5f\"> </span>11 048Total expenses related to share-based payments<span class=\"_ _164\"> </span>30 078<span class=\"_ _70\"> </span>21 297Overview of outstanding options (after share split)<span class=\"_ _169\"> </span>2022<span class=\"_ _ba\"> </span>2021Outstanding options 1 January<span class=\"_ _16a\"> </span>1 586 160<span class=\"_ _2d\"> </span>3 381 180Options granted<span class=\"_ _16b\"> </span>5 562 499<span class=\"_ _61\"> </span>400 000Options exercised<span class=\"_ _16c\"> </span>-1 180 826<span class=\"_ _3d\"> </span>-2 026 730Options forfeited<span class=\"_ _16d\"> </span>-1 227 826<span class=\"_ _2d\"> </span>-168 290Outstanding options 31 December<span class=\"_ _72\"> </span>4 740 007<span class=\"_ _ac\"> </span>1 586 160Of which exercisable<span class=\"_ _16e\"> </span> <span class=\"_ _99\"> </span> Average share price at grant date (NOK per share, after 2021 share split)<span class=\"_ _16f\"> </span>22,73<span class=\"_ _73\"> </span>8,57Weighted average remaining contractual life of outstanding options (years)<span class=\"_ _a2\"> </span>2,5<span class=\"_ _141\"> </span>1Overview of outstanding performance and retention shares<span class=\"_ _170\"> </span>2022<span class=\"_ _ba\"> </span>2021Outstanding shares 1 January<span class=\"_ _171\"> </span>2 129 070<span class=\"_ _24\"> </span>2 232 400Shares granted<span class=\"_ _172\"> </span>-<span class=\"_ _2d\"> </span>1 015 870Shares released<span class=\"_ _173\"> </span>\u2212<span class=\"_ _7\"> </span>\u22121 116 200Shares forfeited<span class=\"_ _174\"> </span>\u2212711 308<span class=\"_ _4c\"> </span>\u22123 000Outstanding shares 31 December<span class=\"_ _175\"> </span>1 417 762<span class=\"_ _ac\"> </span>2 129 070Performance shares 31 December<span class=\"_ _176\"> </span>269 571<span class=\"_ _3e\"> </span>507 935Retention shares 31 December<span class=\"_ _177\"> </span>1 148 191<span class=\"_ _3e\"> </span>1 621 135Total<span class=\"_ _178\"> </span>1 417 762<span class=\"_ _ac\"> </span>2 129 070Weighted average remaining contractual life of performance shares<span class=\"_ _179\"> </span>1,3<span class=\"_ _dc\"> </span>2Weighted average remaining contractual life of retention shares<span class=\"_ _147\"> </span>2,5<span class=\"_ _121\"> </span>4Note 8. Other operating expensesAmounts in NOK thousand <span class=\"_ _17a\"> </span><span class=\"ff3\">2022<span class=\"_ _5f\"> </span>2021</span>Other expenses related to buildings and short-term/low value rent of equipment<span class=\"_ _bd\"> </span>5 769<span class=\"_ _bd\"> </span>2 2531External personnel and consultancy fees 72 856<span class=\"_ _2a\"> </span>28 164Media spend, advertising and partnerships<span class=\"_ _17b\"> </span><span class=\"fc9\">52 450<span class=\"_ _3\"> </span>40 274</span>System and software<span class=\"_ _150\"> </span>13 758<span class=\"_ _27\"> </span>6 675Other operating expenses<span class=\"_ _17c\"> </span>18 364<span class=\"_ _76\"> </span>11 771Total other operating expenses<span class=\"_ _17d\"> </span>163 197<span class=\"_ _c4\"> </span>89 1371) Including audit fee, see specification belowSpecification of audit feesThe <span class=\"_\"> </span>table <span class=\"_\"> </span>below <span class=\"_ _19\"> </span>summarises <span class=\"_\"> </span>audit <span class=\"_\"> </span>fees, <span class=\"_ _19\"> </span>fees <span class=\"_\"> </span>for <span class=\"_\"> </span>further <span class=\"_ _19\"> </span>assurance <span class=\"_\"> </span>services <span class=\"_\"> </span>and <span class=\"_ _19\"> </span>tax <span class=\"_\"> </span>services incurred by the Group during 2022 and 2021 from BDO. Fees include all companies in the Group. <span class=\"_ _17a\"> </span><span class=\"ff3\">2022<span class=\"_ _125\"> </span>2021</span>Audit fees<span class=\"_ _17e\"> </span>2 765<span class=\"_ _125\"> </span>1 239Fees for further assurance services<span class=\"_ _17f\"> </span>415<span class=\"_ _73\"> </span>145Fees for other services<span class=\"_ _180\"> </span>269<span class=\"_ _6f\"> </span>-Fees for tax services<span class=\"_ _e5\"> </span>-<span class=\"_ _7c\"> </span>84Total fees to auditors<span class=\"_ _181\"> </span>3 449<span class=\"_ _62\"> </span>1 468The amounts in the tables for audit fees are the amounts expensed in 2022 and 2021. Amounts presented exclude VAT.Note 9. Financial income and expensesAmounts in NOK thousandInterest expense relating to leasing agreements recognised in accordance with IFRS 16 is included in the below and specified in note 12.Specification of financial income<span class=\"_ _182\"> </span>2022<span class=\"_ _15a\"> </span>2021Interest income<span class=\"_ _183\"> </span>1 017<span class=\"_ _59\"> </span>305Net currency gain<span class=\"_ _180\"> </span>10 625<span class=\"_ _a2\"> </span>-Other financial income<span class=\"_ _151\"> </span>789<span class=\"_ _64\"> </span>2 889Total financial income<span class=\"_ _184\"> </span>12 431<span class=\"_ _69\"> </span>3 194Specification of financial expenses<span class=\"_ _185\"> </span>2022<span class=\"_ _ba\"> </span>2021Interest expenses<span class=\"_ _186\"> </span>3 792<span class=\"_ _59\"> </span>997Net currency loss<span class=\"_ _167\"> </span>-<span class=\"_ _15a\"> </span>2 452Other financial expenses<span class=\"_ _187\"> </span>288<span class=\"_ _5b\"> </span>4Total financial expenses<span class=\"_ _188\"> </span>4 080<span class=\"_ _71\"> </span>3 452Note 10. Income taxAmounts in NOK thousandIncome tax expense in the consolidated statement of income<span class=\"_ _16f\"> </span>2022<span class=\"_ _d7\"> </span>2021Income tax payable<span class=\"_ _189\"> </span>-<span class=\"_ _53\"> </span>-Changes in deferred tax / deferred tax asset<span class=\"_ _f5\"> </span>\u22127 781<span class=\"_ _141\"> </span>\u2212457Tax assets not recognised in previous year<span class=\"_ _18a\"> </span>-<span class=\"_ _53\"> </span>-Total income tax expense reported in the income statement<span class=\"_ _18b\"> </span>\u22127 781<span class=\"_ _13c\"> </span>\u2212457Reconciliation from nominal to effective tax rate<span class=\"_ _18c\"> </span>2022<span class=\"_ _d7\"> </span>2021Profit/(loss) before tax<span class=\"_ _18d\"> </span>\u2212319 047<span class=\"_ _84\"> </span>\u2212154 217Estimated tax expense with nominal tax rate, 22% of profit/(loss) before \u221270 190<span class=\"_ _81\"> </span>\u221233 928taxTax effect of the following items:22% of net permanent differences<span class=\"_ _10b\"> </span>3 996<span class=\"_ _111\"> </span>\u221226 001Other items<span class=\"_ _18e\"> </span>7 023<span class=\"_ _18f\"> </span>335Deferred tax asset not recognised current year<span class=\"_ _190\"> </span>51 390<span class=\"_ _10f\"> </span>59 136Total income tax expense reported in the income statement<span class=\"_ _4f\"> </span>-7 781<span class=\"_ _d7\"> </span>\u2212457Effective tax rate<span class=\"_ _180\"> </span>2,4%<span class=\"_ _12e\"> </span>0,3%The <span class=\"_ _13\"> </span>nominal <span class=\"_ _13\"> </span>tax <span class=\"_ _13\"> </span>rate <span class=\"_ _13\"> </span>in <span class=\"_ _13\"> </span>Norway <span class=\"_ _13\"> </span>was <span class=\"_ _2f\"> </span>22 <span class=\"_ _13\"> </span>% <span class=\"_ _13\"> </span>in <span class=\"_ _13\"> </span>2021 <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>2022. <span class=\"_ _13\"> </span>Subsidiaries <span class=\"_ _13\"> </span>outside <span class=\"_ _2f\"> </span>Norway <span class=\"_ _13\"> </span>are subject to local tax rates in their country of operation.The <span class=\"_ _14\"> </span>tax <span class=\"_ _1d\"> </span>expense <span class=\"_ _1d\"> </span>is <span class=\"_ _1d\"> </span>also <span class=\"_ _14\"> </span>dependent <span class=\"_ _1d\"> </span>on <span class=\"_ _1d\"> </span>whether <span class=\"_ _1d\"> </span>or <span class=\"_ _14\"> </span>not <span class=\"_ _1d\"> </span>to <span class=\"_ _1d\"> </span>recognise <span class=\"_ _1d\"> </span>a <span class=\"_ _14\"> </span>deferred <span class=\"_ _1d\"> </span>tax <span class=\"_ _1d\"> </span>asset <span class=\"_ _1d\"> </span>from carry forward losses in the individual entity.All <span class=\"_ _10\"></span>group <span class=\"_ _10\"></span>entities <span class=\"_ _10\"></span>have <span class=\"_ _12\"></span>been <span class=\"_ _10\"></span>loss <span class=\"_ _10\"></span>making <span class=\"_ _10\"></span>since <span class=\"_ _10\"></span>inception <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>as <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>result <span class=\"_ _10\"></span>a <span class=\"_ _12\"></span>deferred <span class=\"_ _10\"></span>tax <span class=\"_ _10\"></span>asset <span class=\"_ _10\"></span>is recognised only to the extent that the entity has sufficient taxable temporary differences.Specifications of temporary differences on wich deferred tax 2022<span class=\"_ _fa\"> </span>2021is recognisedIntangible assets<span class=\"_ _191\"> </span>-8 165<span class=\"_ _160\"> </span>-17 427Right of use assets<span class=\"_ _192\"> </span>-3 150<span class=\"_ _ec\"> </span>-1 875Trade receivables<span class=\"_ _162\"> </span>1 023<span class=\"_ _8e\"> </span>87Provisions<span class=\"_ _193\"> </span>8 878<span class=\"_ _8e\"> </span>117Deferred gains / losses<span class=\"_ _102\"> </span>96<span class=\"_ _8e\"> </span>35Lease liabilities<span class=\"_ _194\"> </span>3 273<span class=\"_ _7f\"> </span>1 945Loss carried forward<span class=\"_ _195\"> </span>125 215<span class=\"_ _196\"> </span>86 117Not recognised deferred tax<span class=\"_ _197\"> </span>-137 777<span class=\"_ _18f\"> </span>-86 387Total<span class=\"_ _198\"> </span>-9 607<span class=\"_ _101\"> </span>-17 388Changes in deferred tax<span class=\"_ _17d\"> </span>2022<span class=\"_ _d6\"> </span>2021Opening balance at 1 January<span class=\"_ _fe\"> </span>-17 388<span class=\"_ _199\"> </span>-Recognised in current year's profit<span class=\"_ _117\"> </span>7 781<span class=\"_ _19a\"> </span>457Deferred tax on new subsidiaries\u2212<span class=\"_ _101\"> </span>\u221217 845Balance at 31 December<span class=\"_ _19b\"> </span>\u22129 607<span class=\"_ _101\"> </span>\u221217 388The <span class=\"_ _12\"></span>majority <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>tax <span class=\"_ _10\"></span>losses <span class=\"_ _12\"></span>carried <span class=\"_ _12\"></span>forward <span class=\"_ _12\"></span>relate <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>entities <span class=\"_ _12\"></span>domiciled <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>countries <span class=\"_ _10\"></span>where <span class=\"_ _12\"></span>there are no time-limits related to when the tax losses may be utilized.The <span class=\"_ _12\"></span>deferred <span class=\"_ _14\"> </span>tax <span class=\"_ _14\"> </span>liability <span class=\"_ _14\"></span>is <span class=\"_ _12\"></span>related <span class=\"_ _14\"> </span>to <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>excess <span class=\"_ _14\"> </span>values <span class=\"_ _14\"> </span>from <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>acquisition <span class=\"_ _14\"> </span>of <span class=\"_ _12\"></span>EDEA, <span class=\"_ _14\"> </span>that <span class=\"_ _14\"> </span>the Group has not been able to net against other temporary differences.Note 11. Property, plant and equipmentAmounts in NOK thousandEquipment andSolar panels<span class=\"_ _aa\"> </span>Batteries<span class=\"_ _63\"> </span>TotalmachineryAccumulated costAs of 1 January 2021<span class=\"_ _19c\"> </span>2 916<span class=\"_ _123\"> </span>4 106<span class=\"_ _18f\"> </span>-<span class=\"_ _b7\"> </span>7 022Additions during the year<span class=\"_ _19d\"> </span>1 434<span class=\"_ _127\"> </span>3 279<span class=\"_ _97\"> </span>-<span class=\"_ _79\"> </span>4 713Additions through acquisition of subsidiaries<span class=\"_ _19e\"> </span>-<span class=\"_ _64\"> </span>64 950<span class=\"_ _97\"> </span>-<span class=\"_ _15a\"> </span>64 950Disposals<span class=\"_ _88\"> </span>-17<span class=\"_ _97\"> </span>-<span class=\"_ _18f\"> </span>-<span class=\"_ _141\"> </span>-17Translation differences<span class=\"_ _19f\"> </span>150<span class=\"_ _8c\"> </span>290<span class=\"_ _18f\"> </span>-<span class=\"_ _1a0\"> </span>440As of 31 December 2021<span class=\"_ _1a1\"> </span>4 483<span class=\"_ _68\"> </span>72 625<span class=\"_ _97\"> </span>-<span class=\"_ _c6\"> </span>77 108Additions during the year<span class=\"_ _1a2\"> </span>2 093<span class=\"_ _73\"> </span>127 431<span class=\"_ _126\"> </span>4 096<span class=\"_ _106\"> </span>133 620Additions through acquisition of subsidiaries-<span class=\"_ _97\"> </span>-<span class=\"_ _18f\"> </span>--Disposals<span class=\"_ _1a3\"> </span>-542<span class=\"_ _1a4\"> </span>-2 308--2 850Translation differences<span class=\"_ _114\"> </span>73<span class=\"_ _59\"> </span>3 149<span class=\"_ _8c\"> </span>246<span class=\"_ _126\"> </span>3 468As of 31 December 2022<span class=\"_ _118\"> </span>6 107<span class=\"_ _4a\"> </span>200 897<span class=\"_ _1a5\"> </span>4 342<span class=\"_ _ba\"> </span>211 346Accumulated depreciation and impairment lossesAs of 1 January 2021<span class=\"_ _19f\"> </span>-1 657<span class=\"_ _81\"> </span>-1 160<span class=\"_ _97\"> </span>-<span class=\"_ _7d\"> </span>-2 818Depreciation<span class=\"_ _1a6\"> </span>-896<span class=\"_ _12d\"> </span>-288<span class=\"_ _97\"> </span>-<span class=\"_ _111\"> </span>-1 183Disposals<span class=\"_ _82\"> </span>17<span class=\"_ _97\"> </span>-<span class=\"_ _97\"> </span>-<span class=\"_ _df\"> </span>17Translation difference<span class=\"_ _1a7\"> </span>-25<span class=\"_ _97\"> </span>-<span class=\"_ _18f\"> </span>-<span class=\"_ _121\"> </span>-25As of 31 December 2021<span class=\"_ _1a8\"> </span>-2 561<span class=\"_ _69\"> </span>-1 448<span class=\"_ _bc\"> </span>-<span class=\"_ _83\"> </span>-4 009Depreciation<span class=\"_ _fe\"> </span>-979<span class=\"_ _74\"> </span>-5 835<span class=\"_ _6f\"> </span>-100<span class=\"_ _84\"> </span>-6 914Impairment-<span class=\"_ _97\"> </span>-<span class=\"_ _18f\"> </span>--Disposals-<span class=\"_ _97\"> </span>-<span class=\"_ _18f\"> </span>--Accumulated depreciation disposals<span class=\"_ _1a9\"> </span>195<span class=\"_ _5a\"> </span>167-362Translation difference<span class=\"_ _c9\"> </span>-4<span class=\"_ _12d\"> </span>-290--294As of 31 December 2022<span class=\"_ _19d\"> </span>-3 349<span class=\"_ _1a4\"> </span>-7 406<span class=\"_ _6f\"> </span>-100<span class=\"_ _63\"> </span>-10 855Carrying amountAs of 31 December 2021<span class=\"_ _1aa\"> </span>1 922<span class=\"_ _123\"> </span>71 177<span class=\"_ _97\"> </span>-<span class=\"_ _73\"> </span>73 099As of 31 December 20222 758<span class=\"_ _64\"> </span>193 491<span class=\"_ _111\"> </span>4 242<span class=\"_ _63\"> </span>200 491Depreciation method<span class=\"_ _1ab\"> </span>Straight line<span class=\"_ _5d\"> </span>Straight line<span class=\"_ _5d\"> </span>Straight lineUseful life<span class=\"_ _18a\"> </span>3-10 years<span class=\"_ _70\"> </span>20 years<span class=\"_ _47\"> </span>10 yearsNote 12. LeasesAmounts in NOK thousandThe Group\u2019s lease agreements mainly relates to the lease of office premises. Refer to note 8 for further details about expenses relating to short-term and low value leases.Overview of changes to right of use assets<span class=\"_ _1ac\"> </span>2022<span class=\"_ _6d\"> </span>2021Opening balance 1 January<span class=\"_ _11a\"> </span>  8 524 <span class=\"_ _196\"> </span>11 793Depreciation<span class=\"_ _110\"> </span>  -5 941<span class=\"_ _196\"> </span>-3 613Additions<span class=\"_ _1ad\"> </span>10 553<span class=\"_ _12f\"> </span>528Other / exchanges differences<span class=\"_ _1ae\"> </span>1 181<span class=\"_ _36\"> </span>-184Balance per 31 December<span class=\"_ _77\"> </span>14 317<span class=\"_ _130\"> </span>8 524Overview of changes to lease liabilities<span class=\"_ _fd\"> </span>2022<span class=\"_ _6d\"> </span>2021Opening balance 1 January<span class=\"_ _1af\"> </span>8 839<span class=\"_ _196\"> </span>11 860Payments<span class=\"_ _1b0\"> </span>-5 722<span class=\"_ _53\"> </span>-3 451Additions<span class=\"_ _1ad\"> </span>10 553<span class=\"_ _12f\"> </span>528Other / exchanges differences<span class=\"_ _72\"> </span>1 208<span class=\"_ _1b1\"> </span>-97Balance per 31 December<span class=\"_ _1b2\"> </span><span class=\"fca\">14 877<span class=\"_ _130\"> </span>8 839</span>Lease liabilities non-current<span class=\"_ _14a\"> </span>6 130<span class=\"_ _1b3\"> </span>6 165Lease liabilities current<span class=\"_ _17f\"> </span>8 747<span class=\"_ _7f\"> </span>2 674Total<span class=\"_ _1b4\"> </span><span class=\"fca\">14 877<span class=\"_ _130\"> </span>8 839</span>Maturity analysis: contractual, undiscounted cash flows31 December 2022<span class=\"_ _3f\"> </span>31  December 2021Current liabilitiesLess than one year<span class=\"_ _188\"> </span>7 918<span class=\"_ _a4\"> </span>2 797Non-current liabilitiesOne to five years<span class=\"_ _184\"> </span>8 701<span class=\"_ _53\"> </span>6 614More than five years<span class=\"_ _1b5\"> </span>-<span class=\"_ _37\"> </span>-Total<span class=\"_ _1b6\"> </span>16 619<span class=\"_ _130\"> </span>9 411Amounts recognized in the consolidated statement of income2022<span class=\"_ _9f\"> </span>2021Depreciation<span class=\"_ _1b7\"> </span>5 941<span class=\"_ _7a\"> </span>3 613Interest expense<span class=\"_ _1b8\"> </span>726<span class=\"_ _e4\"> </span>473Total<span class=\"_ _1b9\"> </span>6 667<span class=\"_ _16f\"> </span>4 086Amounts recognized in statement of cash flows       <span class=\"_ _1ba\"> </span><span class=\"fc2\">2022<span class=\"_ _9f\"> </span>2021</span>Interest payments<span class=\"_ _1bb\"> </span>726<span class=\"_ _e4\"> </span>473Payments of principal<span class=\"_ _195\"> </span>5 722<span class=\"_ _196\"> </span>3 451Total lease payments<span class=\"_ _db\"> </span>6 448<span class=\"_ _ec\"> </span>3 924Note 13. Intangible assets and goodwillAmounts in NOK thousandOther Exclusivity Customer  <span class=\"_ _2e\"> </span><span class=\"ff3\">Goodwill<span class=\"_ _17\"> </span>Otovo Cloud</span>intangibleTotalagreementcontractsassetsAccumulated costAs of 1 January 2021<span class=\"_ _bc\"> </span>92 091<span class=\"_ _63\"> </span>47 023<span class=\"_ _124\"> </span>192<span class=\"_ _bc\"> </span>-<span class=\"_ _13c\"> </span>-<span class=\"_ _20\"> </span>139 306Additions during the year<span class=\"_ _98\"> </span>-<span class=\"_ _84\"> </span>26 117<span class=\"_ _64\"> </span>2 657<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _2d\"> </span>28 774Additions through 65 870<span class=\"_ _bc\"> </span>-<span class=\"_ _12e\"> </span>-<span class=\"_ _6a\"> </span>59 675<span class=\"_ _70\"> </span>21 440<span class=\"_ _20\"> </span>146 985acquisition of subsidiariesDisposals<span class=\"_ _1bc\"> </span>-<span class=\"_ _64\"> </span>-1 539<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _99\"> </span>-<span class=\"_ _61\"> </span>-1 539Reclassification<span class=\"_ _1bd\"> </span>-<span class=\"_ _6a\"> </span>-5 886<span class=\"_ _c7\"> </span>-263<span class=\"_ _bc\"> </span>-<span class=\"_ _99\"> </span>-<span class=\"_ _a\"> </span>-6 149Translation difference<span class=\"_ _8c\"> </span>-4 324<span class=\"_ _15a\"> </span>-1 649<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _99\"> </span>-<span class=\"_ _23\"> </span>-5 973As of 31 December 2021<span class=\"_ _7d\"> </span>153 637<span class=\"_ _4a\"> </span>64 066<span class=\"_ _71\"> </span>2 586<span class=\"_ _b1\"> </span>59 675<span class=\"_ _bb\"> </span>21 440<span class=\"_ _3c\"> </span>301 404Additions during the year<span class=\"_ _98\"> </span>-<span class=\"_ _105\"> </span>28 495<span class=\"_ _7d\"> </span>1 375<span class=\"_ _bc\"> </span>-<span class=\"_ _99\"> </span>-<span class=\"_ _5d\"> </span>29 870Additions through -<span class=\"_ _bc\"> </span>-<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _81\"> </span>-acquisition of subsidiariesDisposals<span class=\"_ _1bc\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _81\"> </span>-Reclassification<span class=\"_ _1bd\"> </span>-<span class=\"_ _1a5\"> </span>-380<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _119\"> </span>-380Translation difference<span class=\"_ _d7\"> </span>4 544<span class=\"_ _bc\"> </span>-<span class=\"_ _5b\"> </span>5<span class=\"_ _bc\"> </span>-<span class=\"_ _99\"> </span>-<span class=\"_ _131\"> </span>4 549As of 31 December 2022<span class=\"_ _7c\"> </span>158 181<span class=\"_ _69\"> </span>92 181<span class=\"_ _83\"> </span>3 967<span class=\"_ _93\"> </span>59 675<span class=\"_ _bb\"> </span>21 440<span class=\"_ _22\"> </span>335 442Accumulated amortisation and impairment lossesAs of 1 January 2021<span class=\"_ _8a\"> </span>-<span class=\"_ _0\"> </span>-14 774<span class=\"_ _9c\"> </span>-13<span class=\"_ _98\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _41\"> </span>-14 778Amortisation<span class=\"_ _1be\"> </span>-<span class=\"_ _6a\"> </span>-10 818<span class=\"_ _93\"> </span>-1 870<span class=\"_ _106\"> </span>-2 076<span class=\"_ _141\"> </span>-<span class=\"_ _41\"> </span>-14 764Impairment<span class=\"_ _1bf\"> </span>-<span class=\"_ _64\"> </span>-1 349<span class=\"_ _7d\"> </span>-740<span class=\"_ _bc\"> </span>-<span class=\"_ _99\"> </span>-<span class=\"_ _5d\"> </span>-2 089Accumulated depreciation -<span class=\"_ _126\"> </span>1 539<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _4\"> </span>1 539disposalsReclassification<span class=\"_ _1bd\"> </span>-<span class=\"_ _111\"> </span>3 701<span class=\"_ _71\"> </span>2 448<span class=\"_ _bc\"> </span>-<span class=\"_ _99\"> </span>-<span class=\"_ _60\"> </span>6 149Translation difference<span class=\"_ _1c0\"> </span>-<span class=\"_ _9c\"> </span>595<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _99\"> </span>-<span class=\"_ _bd\"> </span>595As of 31 December 2021<span class=\"_ _161\"> </span>-<span class=\"_ _105\"> </span>-21 106<span class=\"_ _81\"> </span>-175<span class=\"_ _158\"> </span>-2 076<span class=\"_ _13c\"> </span>-<span class=\"_ _3b\"> </span>-23 358Amortisation<span class=\"_ _1be\"> </span>-<span class=\"_ _0\"> </span>-15 369<span class=\"_ _84\"> </span>-753<span class=\"_ _62\"> </span>-33 035<span class=\"_ _bb\"> </span>-2 333<span class=\"_ _24\"> </span>-51 490Impairment<span class=\"_ _1bf\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _81\"> </span>-Accumulated depreciation -<span class=\"_ _bc\"> </span>-<span class=\"_ _12e\"> </span>7<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _b9\"> </span>7disposalsReclassification<span class=\"_ _1bd\"> </span>-<span class=\"_ _6f\"> </span>380<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _bb\"> </span>380Translation difference<span class=\"_ _1c0\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _12e\"> </span>-<span class=\"_ _bc\"> </span>-<span class=\"_ _141\"> </span>-<span class=\"_ _81\"> </span>-As of 31 December 2022<span class=\"_ _f9\"> </span>-<span class=\"_ _27\"> </span>-36 095<span class=\"_ _5e\"> </span>-921<span class=\"_ _106\"> </span>-35 111<span class=\"_ _bb\"> </span>-2 333<span class=\"_ _22\"> </span>-74 460Carrying amount<span class=\"_ _1c1\"> </span><span class=\"ff4 fc9\"> <span class=\"_ _101\"> </span> <span class=\"_ _9d\"> </span> <span class=\"_ _101\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _123\"> </span> </span>As of 31 December 2021<span class=\"_ _7d\"> </span>153 637<span class=\"_ _105\"> </span>42 960<span class=\"_ _7c\"> </span>2 411<span class=\"_ _b1\"> </span>57 599<span class=\"_ _bb\"> </span>21 440<span class=\"_ _2c\"> </span>278 046As of 31 December 2022<span class=\"_ _7c\"> </span>158 181<span class=\"_ _4a\"> </span>56 086<span class=\"_ _158\"> </span>3 045<span class=\"_ _105\"> </span>24 564<span class=\"_ _4a\"> </span>19 107<span class=\"_ _2c\"> </span>260 983Depreciation method<span class=\"_ _1c2\"> </span>-<span class=\"_ _22\"> </span>Straight line<span class=\"_ _15\"> </span>Straight line<span class=\"_ _22\"> </span>Straight line<span class=\"_ _1b\"> </span>Straight line<span class=\"_ _15d\"> </span> Useful life<span class=\"_ _1c3\"> </span>Indefinite<span class=\"_ _5f\"> </span>5 years<span class=\"_ _112\"> </span>5 years<span class=\"_ _76\"> </span>2 years<span class=\"_ _aa\"> </span>20 years<span class=\"_ _15d\"> </span> Otovo CloudOtovo's <span class=\"_ _11\"> </span>business <span class=\"_ _11\"> </span> <span class=\"_ _1e\"> </span>model <span class=\"_ _11\"> </span>is <span class=\"_ _1e\"> </span>based <span class=\"_ _11\"> </span>on <span class=\"_ _1e\"> </span>the <span class=\"_ _11\"> </span>self-developed <span class=\"_ _1e\"> </span>system <span class=\"_ _11\"> </span>Otovo <span class=\"_ _1e\"> </span>Cloud <span class=\"_ _11\"> </span>and <span class=\"_ _11\"> </span>related applications <span class=\"_ _12\"></span>such <span class=\"_ _10\"></span>as <span class=\"_ _12\"></span>software <span class=\"_ _12\"></span>for <span class=\"_ _12\"></span>extracting <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>reading <span class=\"_ _12\"></span>production <span class=\"_ _12\"></span>data <span class=\"_ _12\"></span>from <span class=\"_ _12\"></span>various <span class=\"_ _10\"></span>solar <span class=\"_ _12\"></span>cell hardware.Otovo <span class=\"_ _e\"></span>Cloud <span class=\"_ _10\"></span>is <span class=\"_ _e\"></span>a <span class=\"_ _10\"></span>marketplace <span class=\"_ _10\"></span>for <span class=\"_ _e\"></span>solar <span class=\"_ _10\"></span>system <span class=\"_ _e\"></span>installers <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>supports <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>company's <span class=\"_ _e\"></span>value <span class=\"_ _10\"></span>chain from <span class=\"_ _10\"></span>sales <span class=\"_ _10\"></span>(compilation <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>map <span class=\"_ _10\"></span>data, <span class=\"_ _10\"></span>building <span class=\"_ _10\"></span>data, <span class=\"_ _10\"></span>solar <span class=\"_ _10\"></span>radiation <span class=\"_ _10\"></span>data <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>algorithmic <span class=\"_ _10\"></span>bidding on <span class=\"_ _e\"></span>solar <span class=\"_ _10\"></span>cell <span class=\"_ _10\"></span>projects) <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>planning <span class=\"_ _e\"></span>(obtaining <span class=\"_ _10\"></span>cost <span class=\"_ _10\"></span>models <span class=\"_ _e\"></span>from <span class=\"_ _10\"></span>installers, <span class=\"_ _10\"></span>choosing <span class=\"_ _e\"></span>a <span class=\"_ _10\"></span>installer <span class=\"_ _e\"></span>and awarding <span class=\"_ _1d\"> </span>projects), <span class=\"_ _1d\"> </span>follow-up <span class=\"_ _1d\"> </span>of <span class=\"_ _13\"> </span>projects <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>managing <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>project <span class=\"_ _1d\"> </span>from <span class=\"_ _1d\"> </span>sale <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>installer <span class=\"_ _1d\"> </span>has been <span class=\"_ _e\"></span>selected <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>completion <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>project <span class=\"_ _10\"></span>(monitoring <span class=\"_ _10\"></span>progress, <span class=\"_ _e\"></span>obtaining <span class=\"_ _10\"></span>documentation <span class=\"_ _10\"></span>of the work performed and generating sales orders that will be sent to Netsuite as basis for invoicing).In <span class=\"_ _14\"> </span>addition, <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>system <span class=\"_ _1d\"> </span>supports <span class=\"_ _14\"> </span>Otovo's <span class=\"_ _1d\"> </span>customer <span class=\"_ _14\"> </span>relationship <span class=\"_ _1d\"> </span>after <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>installation <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>solar system <span class=\"_\"> </span>by <span class=\"_ _13\"> </span>collecting, <span class=\"_\"> </span>compiling <span class=\"_ _13\"> </span>and <span class=\"_\"> </span>presenting <span class=\"_\"> </span>production <span class=\"_ _13\"> </span>data <span class=\"_\"> </span>from <span class=\"_ _2f\"> </span>inverters. <span class=\"_\"> </span>The <span class=\"_ _13\"> </span>system <span class=\"_\"> </span>is scalable <span class=\"_\"> </span>and <span class=\"_\"> </span>is <span class=\"_ _13\"> </span>used <span class=\"_\"> </span>across <span class=\"_\"> </span>the <span class=\"_\"> </span>markets <span class=\"_ _2f\"> </span>in <span class=\"_\"> </span>which <span class=\"_\"> </span>the <span class=\"_ _13\"> </span>group <span class=\"_\"> </span>operates, <span class=\"_\"> </span>at <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>same <span class=\"_\"> </span>time <span class=\"_\"> </span>the company <span class=\"_ _e\"></span>carries <span class=\"_ _e\"></span>out <span class=\"_ _10\"></span>significant <span class=\"_ _e\"></span>development <span class=\"_ _e\"></span>work <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>adapt <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>system <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>handle <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>variation <span class=\"_ _10\"></span>in input <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>requirements <span class=\"_ _14\"> </span>that <span class=\"_ _12\"></span>exist <span class=\"_ _14\"></span>across <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>company's <span class=\"_ _14\"></span>current <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>potential <span class=\"_ _14\"> </span>new <span class=\"_ _12\"></span>markets <span class=\"_ _12\"></span>and products. <span class=\"_ _e\"></span>A significant <span class=\"_ _e\"></span>part <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the company's <span class=\"_ _e\"></span>future <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span>creation is <span class=\"_ _e\"></span>expected <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>come as <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>result of further development and improvement of this system.Development and maintenance of the Otovo Cloud is handled <span class=\"_ _e\"></span>by the Product team in Otovo. Direct payroll <span class=\"_ _12\"></span>expenses <span class=\"_ _12\"></span>relating <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>Product <span class=\"_ _12\"></span>team <span class=\"_ _10\"></span>are <span class=\"_ _12\"></span>split <span class=\"_ _12\"></span>into <span class=\"_ _12\"></span>development <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>maintenance, <span class=\"_ _12\"></span>with payroll expenses relating to development being capitalised as an intangible asset and amortised.The <span class=\"_ _e\"></span>additions <span class=\"_ _e\"></span>during <span class=\"_ _10\"></span>2021 <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>2022 <span class=\"_ _10\"></span>are <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>a <span class=\"_ _e\"></span>large <span class=\"_ _e\"></span>extent <span class=\"_ _10\"></span>explained <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>adding <span class=\"_ _10\"></span>more <span class=\"_ _e\"></span>countries <span class=\"_ _e\"></span>and products <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>platform. <span class=\"_ _13\"> </span>Additionally <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>different <span class=\"_ _13\"> </span>teams <span class=\"_ _1d\"> </span>develop <span class=\"_ _13\"> </span>tools <span class=\"_ _13\"> </span>used <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>increase <span class=\"_ _1d\"> </span>sales (adding <span class=\"_ _14\"> </span>partnerships <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>platform, <span class=\"_ _14\"> </span>building <span class=\"_ _14\"> </span>functionality <span class=\"_ _1d\"> </span>to <span class=\"_ _14\"> </span>run <span class=\"_ _14\"> </span>campaigns) <span class=\"_ _1d\"> </span>or <span class=\"_ _14\"> </span>make <span class=\"_ _14\"> </span>internal processes more efficient (time savings) and more profitable (targeting the higher profitability lead, projects <span class=\"_ _12\"></span>etc.). <span class=\"_ _14\"> </span>The <span class=\"_ _14\"></span>capitalised <span class=\"_ _12\"></span>amount <span class=\"_ _14\"></span>is <span class=\"_ _12\"></span>based <span class=\"_ _14\"> </span>on <span class=\"_ _12\"></span>employee <span class=\"_ _14\"> </span>time <span class=\"_ _14\"></span>sheets <span class=\"_ _12\"></span>and <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>proportionate share of their time spent on development activities. The <span class=\"_ _19\"> </span>useful <span class=\"_ _19\"> </span>life <span class=\"_ _19\"> </span>of <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>asset <span class=\"_ _19\"> </span>and <span class=\"_ _19\"> </span>related <span class=\"_ _19\"> </span>amortisation <span class=\"_ _d\"> </span>expenses <span class=\"_ _19\"> </span>are <span class=\"_ _19\"> </span>based <span class=\"_ _19\"> </span>on <span class=\"_ _19\"> </span>management\u2019s estimates <span class=\"_\"> </span>and <span class=\"_\"> </span>the <span class=\"_\"> </span>chosen <span class=\"_\"> </span>amortisation <span class=\"_\"> </span>method. <span class=\"_\"> </span>Estimates <span class=\"_\"> </span>may <span class=\"_\"> </span>change <span class=\"_ _2f\"> </span>due <span class=\"_\"> </span>to <span class=\"_\"> </span>technological developments <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>other <span class=\"_ _10\"></span>factors <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>may <span class=\"_ _e\"></span>result <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>changes <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>estimated <span class=\"_ _e\"></span>useful <span class=\"_ _10\"></span>life <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>in <span class=\"_ _e\"></span>the amortisation <span class=\"_ _e\"></span>or <span class=\"_ _e\"></span>depreciation <span class=\"_ _e\"></span>charges. <span class=\"_ _10\"></span>Technological <span class=\"_ _e\"></span>developments <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>difficult <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>predict <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>the Group\u2019s <span class=\"_ _e\"></span>views <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>trends <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>pace <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>development <span class=\"_ _e\"></span>may <span class=\"_ _e\"></span>change <span class=\"_ _e\"></span>over <span class=\"_ _e\"></span>time. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>useful <span class=\"_ _e\"></span>lives <span class=\"_ _e\"></span>are reviewed <span class=\"_ _14\"> </span>at <span class=\"_ _14\"> </span>least <span class=\"_ _1d\"> </span>annually <span class=\"_ _14\"> </span>taking <span class=\"_ _1d\"> </span>into <span class=\"_ _14\"> </span>consideration <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>factors <span class=\"_ _1d\"> </span>mentioned <span class=\"_ _14\"> </span>above <span class=\"_ _1d\"> </span>and <span class=\"_ _14\"> </span>all <span class=\"_ _1d\"> </span>other important relevant factors.GoodwillThe <span class=\"_\"> </span>goodwill <span class=\"_ _13\"> </span>stems <span class=\"_\"> </span>from <span class=\"_\"> </span>acquisition <span class=\"_ _13\"> </span>of <span class=\"_\"> </span>subsidiary <span class=\"_\"> </span>ISWT <span class=\"_ _13\"> </span>(now <span class=\"_\"> </span>Otovo <span class=\"_\"> </span>France) <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>2019 <span class=\"_\"> </span>and <span class=\"_ _13\"> </span>EDEA (subscription business) in <span class=\"_ _e\"></span>2021. The goodwill from both <span class=\"_ _e\"></span>the ISWT purchase and the <span class=\"_ _e\"></span>EDEA acquisition have been tested for impairment. Please refer to the below for further details. The goodwill is split as followsCompany name<span class=\"_ _1c4\"> </span>Allocated goodwill <span class=\"_ _1c5\"> </span><span class=\"ff3 fc8\">2022<span class=\"_ _ed\"> </span>2021</span>ISWT<span class=\"_ _1c6\"> </span>92 311<span class=\"_ _84\"> </span>87 767EDEA<span class=\"_ _1c7\"> </span>65 870<span class=\"_ _68\"> </span>65 870Total<span class=\"_ _1c8\"> </span>158 181<span class=\"_ _71\"> </span>153 637Impairment testingThe <span class=\"_ _e\"></span>Group tests <span class=\"_ _e\"></span>whether <span class=\"_ _e\"></span>goodwill <span class=\"_ _e\"></span>has suffered <span class=\"_ _e\"></span>any <span class=\"_ _e\"></span>impairment <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>an annual <span class=\"_ _e\"></span>basis. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>subsidiary ISWT <span class=\"_ _13\"> </span>is <span class=\"_\"> </span>regarded <span class=\"_ _13\"> </span>as <span class=\"_ _13\"> </span>an <span class=\"_\"> </span>individual <span class=\"_ _13\"> </span>cash-generating <span class=\"_ _13\"> </span>unit <span class=\"_\"> </span>(CGU). <span class=\"_ _13\"> </span>The <span class=\"_ _2f\"> </span>annual <span class=\"_ _13\"> </span>impairment <span class=\"_\"> </span>test <span class=\"_ _13\"> </span>of goodwill <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>performed at <span class=\"_ _e\"></span>CGU <span class=\"_ _e\"></span>level. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>recoverable amount <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>determined <span class=\"_ _e\"></span>based <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>value-in-use calculations. <span class=\"_ _1e\"> </span>The <span class=\"_ _1c\"> </span>value <span class=\"_ _1c\"> </span>in <span class=\"_ _1c\"> </span>use <span class=\"_ _1e\"> </span>determined <span class=\"_ _1c\"> </span>to <span class=\"_ _1c\"> </span>be <span class=\"_ _1e\"> </span>higher <span class=\"_ _1c\"> </span>than <span class=\"_ _1c\"> </span>its <span class=\"_ _1e\"> </span>recoverable <span class=\"_ _1c\"> </span>amount. <span class=\"_ _1c\"> </span>The calculations <span class=\"_ _e\"></span>use <span class=\"_ _e\"></span>pre-tax <span class=\"_ _e\"></span>cash <span class=\"_ _e\"></span>flow <span class=\"_ _e\"></span>projections <span class=\"_ _e\"></span>based <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>financial <span class=\"_ _e\"></span>budgets <span class=\"_ _e\"></span>approved <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Board of <span class=\"_ _14\"> </span>Directors <span class=\"_ _14\"> </span>covering <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>two <span class=\"_ _14\"> </span>year <span class=\"_ _14\"> </span>period <span class=\"_ _14\"> </span>for <span class=\"_ _14\"> </span>EDEA <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>five <span class=\"_ _14\"> </span>year <span class=\"_ _14\"> </span>period <span class=\"_ _14\"> </span>for <span class=\"_ _14\"> </span>ISWT. <span class=\"_ _14\"> </span>Two <span class=\"_ _14\"> </span>years <span class=\"_ _14\"> </span>has been <span class=\"_ _10\"></span>used <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>reflect <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>exclusivity <span class=\"_ _10\"></span>period, <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>five <span class=\"_ _12\"></span>years <span class=\"_ _10\"></span>has <span class=\"_ _10\"></span>been <span class=\"_ _12\"></span>used <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>reflect <span class=\"_ _10\"></span>that <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>entity (ISWT) <span class=\"_ _12\"></span>is <span class=\"_ _14\"> </span>in <span class=\"_ _14\"></span>a <span class=\"_ _12\"></span>development <span class=\"_ _14\"> </span>phase <span class=\"_ _14\"></span>with <span class=\"_ _12\"></span>change <span class=\"_ _14\"> </span>in <span class=\"_ _14\"></span>management, <span class=\"_ _12\"></span>replacing <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>founders <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>ISWT, change in <span class=\"_ _e\"></span>business model and <span class=\"_ _e\"></span>launch of <span class=\"_ _e\"></span>new products and <span class=\"_ _e\"></span>sales models. The <span class=\"_ _e\"></span>calculation is based on <span class=\"_ _10\"></span>historical <span class=\"_ _10\"></span>performance <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>expected <span class=\"_ _10\"></span>development <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>market <span class=\"_ _10\"></span>in <span class=\"_ _12\"></span>which <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>entity <span class=\"_ _10\"></span>operates. Cash <span class=\"_ _e\"></span>flows <span class=\"_ _e\"></span>beyond <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>five-year <span class=\"_ _e\"></span>period <span class=\"_ _10\"></span>are <span class=\"_ _e\"></span>extrapolated <span class=\"_ _10\"></span>using <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>estimated <span class=\"_ _10\"></span>growth <span class=\"_ _e\"></span>rates <span class=\"_ _e\"></span>stated below. <span class=\"_ _58\"></span> SensitivityThe <span class=\"_ _14\"> </span>Group <span class=\"_ _1d\"> </span>has <span class=\"_ _1d\"> </span>calculated <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>impact <span class=\"_ _1d\"> </span>on <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>impairment <span class=\"_ _1d\"> </span>assessment <span class=\"_ _1d\"> </span>resulting <span class=\"_ _1d\"> </span>from <span class=\"_ _1d\"> </span>increasing and/or <span class=\"_ _14\"> </span>decreasing <span class=\"_ _14\"> </span>key <span class=\"_ _14\"> </span>variables <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>valuation <span class=\"_ _14\"> </span>model. <span class=\"_ _14\"> </span>For <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>scenarios <span class=\"_ _14\"> </span>examined, <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>Group concludes that there is significant headroom to carrying value for both goodwill assets. <span class=\"_ _1c9\"> </span><span class=\"ff3\">ISWT</span>2022<span class=\"_ _123\"> </span>2021Long term growth rate (%)<span class=\"_ _1ca\"> </span>2%<span class=\"_ _133\"> </span>2%Long term gross margin (%)<span class=\"_ _1cb\"> </span>25%<span class=\"_ _f4\"> </span>25%Average annual growth rate used in cash flow projections (%)<span class=\"_ _15e\"> </span>38%<span class=\"_ _1cc\"> </span>52%Discount rate pre tax (%)<span class=\"_ _10e\"> </span>9.6%<span class=\"_ _128\"> </span>9.5% <span class=\"_ _1c9\"> </span><span class=\"ff3\">EDEA</span>2022<span class=\"_ _b7\"> </span>2021Long term growth rate (%)<span class=\"_ _1cd\"> </span>0%<span class=\"_ _98\"> </span>-Average annual growth rate used in cash flow projections (%)<span class=\"_ _122\"> </span>0%<span class=\"_ _98\"> </span>-Annual inflation (%)<span class=\"_ _1ce\"> </span>2%<span class=\"_ _98\"> </span>-Discount rate pre tax (%)<span class=\"_ _163\"> </span>5%<span class=\"_ _98\"> </span>-The <span class=\"_ _10\"></span>assumptions <span class=\"_ _12\"></span>for <span class=\"_ _12\"></span>ISWT <span class=\"_ _10\"></span>has <span class=\"_ _12\"></span>changed <span class=\"_ _10\"></span>from <span class=\"_ _12\"></span>2021 <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>2022, <span class=\"_ _12\"></span>mainly <span class=\"_ _10\"></span>related <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>growth <span class=\"_ _12\"></span>rate <span class=\"_ _12\"></span>used <span class=\"_ _10\"></span>in cash <span class=\"_ _2f\"> </span>flow <span class=\"_ _13\"> </span>projections. <span class=\"_\"> </span>The <span class=\"_ _13\"> </span>change <span class=\"_\"> </span>in <span class=\"_ _13\"> </span>growth <span class=\"_\"> </span>rate <span class=\"_ _13\"> </span>is <span class=\"_\"> </span>reflecting <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>general <span class=\"_ _13\"> </span>macro <span class=\"_\"> </span>uncertainty. Despite this, significant headroom is maintained in the covenant test. The <span class=\"_ _e\"></span>goodwill allocated <span class=\"_ _e\"></span>arising <span class=\"_ _e\"></span>from <span class=\"_ _e\"></span>acquisition of <span class=\"_ _e\"></span>EDEA <span class=\"_ _e\"></span>was <span class=\"_ _e\"></span>not <span class=\"_ _e\"></span>tested for <span class=\"_ _e\"></span>impairment <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>2021. This was <span class=\"_ _10\"></span>due <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>short <span class=\"_ _10\"></span>time <span class=\"_ _12\"></span>from <span class=\"_ _10\"></span>acquisition <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>balance <span class=\"_ _12\"></span>sheet <span class=\"_ _10\"></span>date. <span class=\"_ _12\"></span>In <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>impairment <span class=\"_ _10\"></span>test <span class=\"_ _12\"></span>for 2022, key <span class=\"_ _e\"></span>factors can be <span class=\"_ _e\"></span>seen above. <span class=\"_ _e\"></span>For simplicity and <span class=\"_ _e\"></span>due to very <span class=\"_ _e\"></span>significant headroom, the <span class=\"_ _e\"></span>long term growth rate is set to 0%. Note 14. Trade receivablesAmounts in NOK thousand <span class=\"_ _1cf\"> </span><span class=\"ff3\">31 Dec 2022<span class=\"_ _a\"> </span>31 Dec 202</span>Trade receivables<span class=\"_ _1d0\"> </span>46 667<span class=\"_ _71\"> </span>23 887Provision for bad debt<span class=\"_ _184\"> </span>-2 613<span class=\"_ _1a5\"> </span>-1 717Total trade receivables<span class=\"_ _b5\"> </span>44 054<span class=\"_ _69\"> </span>22 170Trade receivables at 31 December - ageing<span class=\"_ _1d1\"> </span>31 Dec 2022<span class=\"_ _28\"> </span>31 Dec 2021Not due<span class=\"_ _1d2\"> </span>19 524<span class=\"_ _69\"> </span>13 7381\u201330 days past due<span class=\"_ _16c\"> </span>12 655<span class=\"_ _b9\"> </span>4 27931\u201360 days past due<span class=\"_ _1d3\"> </span>4 308<span class=\"_ _5e\"> </span>3 28261\u201390 days past due<span class=\"_ _1d4\"> </span>1 894<span class=\"_ _ed\"> </span>706More than 90 days past due<span class=\"_ _c8\"> </span>8 286<span class=\"_ _123\"> </span>1 882Total trade receivables<span class=\"_ _1d5\"> </span>46 667<span class=\"_ _ba\"> </span>23 887For the trade receivables that are not impaired or past due, there are no indicators at the date of the reporting that the debtors will not be able to meet their payment obligations. Expected losses for trade receivables past due are estimated based on payment history, the cause of the default, the collection methods available in the applicable markets and other relevant information.  Refer to note 19 for further information about the Group's assessment of credit risk. Trade receivables denominated in currency<span class=\"_ _1d6\"> </span>31 Dec 2022<span class=\"_ _28\"> </span>31 Dec 2021NOK<span class=\"_ _1d7\"> </span>14 468<span class=\"_ _128\"> </span>3 198SEK<span class=\"_ _1d8\"> </span>6 638<span class=\"_ _127\"> </span>1 490EUR<span class=\"_ _1d9\"> </span>24 760<span class=\"_ _73\"> </span>18 928PLN<span class=\"_ _1da\"> </span>585<span class=\"_ _f0\"> </span>271Other currency<span class=\"_ _1db\"> </span>217<span class=\"_ _f2\"> </span>-Total trade receivables<span class=\"_ _1d5\"> </span>46 667<span class=\"_ _ba\"> </span>23 887Note 15. Other receivables and prepaymentsAmounts in NOK thousandCurrent receivables <span class=\"_ _1dc\"> </span><span class=\"ff3 fc8\">31 Dec 2022<span class=\"_ _1c0\"> </span>31 Dec 2021</span>Subsidy related receivables<span class=\"_ _1dd\"> </span>114 623<span class=\"_ _1c1\"> </span>10 623VAT receivables<span class=\"_ _103\"> </span>24 181<span class=\"_ _1de\"> </span>10 277Prepaid expenses<span class=\"_ _1df\"> </span>10 180<span class=\"_ _1e0\"> </span>2 512Receivables from associated companies<span class=\"_ _1ab\"> </span>278<span class=\"_ _1e1\"> </span>353Other receivables<span class=\"_ _171\"> </span>51 133<span class=\"_ _19e\"> </span>26 878Total other receivables and prepayments<span class=\"_ _170\"> </span>200 395<span class=\"_ _1c3\"> </span>50 643Subsidy related <span class=\"_ _e\"></span>receivables are related <span class=\"_ _e\"></span>to subsidy programs <span class=\"_ _e\"></span>in Sweden and <span class=\"_ _e\"></span>Italy where parts <span class=\"_ _e\"></span>of the consideration <span class=\"_ _e\"></span>from <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>customer <span class=\"_ _10\"></span>is <span class=\"_ _e\"></span>settled <span class=\"_ _10\"></span>non-cash <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>form <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>tax <span class=\"_ _10\"></span>credit <span class=\"_ _10\"></span>receivables, <span class=\"_ _e\"></span>with <span class=\"_ _10\"></span>the majority being Italian tax credit receivables. The <span class=\"_ _e\"></span>Italian government <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>implemented the <span class=\"_ _e\"></span>Ecobonus <span class=\"_ _e\"></span>program <span class=\"_ _e\"></span>where consumers <span class=\"_ _e\"></span>get <span class=\"_ _e\"></span>support for energy <span class=\"_ _1d\"> </span>requalification <span class=\"_ _1d\"> </span>projects. <span class=\"_ _13\"> </span>Under <span class=\"_ _1d\"> </span>this <span class=\"_ _13\"> </span>system, <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>consumer <span class=\"_ _1d\"> </span>is <span class=\"_ _13\"> </span>issued <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>tax <span class=\"_ _1d\"> </span>credit <span class=\"_ _13\"> </span>from <span class=\"_ _1d\"> </span>the Italian <span class=\"_ _e\"></span>state <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>can <span class=\"_ _e\"></span>offset <span class=\"_ _e\"></span>taxes <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>certain <span class=\"_ _e\"></span>other <span class=\"_ _e\"></span>public <span class=\"_ _e\"></span>duties. <span class=\"_ _e\"></span>As common <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Italian <span class=\"_ _e\"></span>market, Otovo <span class=\"_ _14\"> </span>purchases <span class=\"_ _14\"></span>such <span class=\"_ _14\"></span>tax <span class=\"_ _14\"></span>credit <span class=\"_ _12\"></span>to <span class=\"_ _14\"> </span>effectively <span class=\"_ _14\"> </span>provide <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>consumer <span class=\"_ _14\"> </span>with <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>cash <span class=\"_ _14\"> </span>subsidy. <span class=\"_ _14\"> </span>Otovo can choose <span class=\"_ _e\"></span>whether to sell <span class=\"_ _e\"></span>the credits to <span class=\"_ _e\"></span>a third party <span class=\"_ _e\"></span>or offset towards <span class=\"_ _e\"></span>taxes and public <span class=\"_ _e\"></span>duties. The fair value of the tax credit is included in revenue at the transaction date.During <span class=\"_ _10\"></span>2022 <span class=\"_ _12\"></span>Otovo <span class=\"_ _10\"></span>sold, <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>received <span class=\"_ _12\"></span>settlement, <span class=\"_ _10\"></span>for <span class=\"_ _12\"></span>tax <span class=\"_ _10\"></span>credits <span class=\"_ _10\"></span>with <span class=\"_ _12\"></span>a <span class=\"_ _10\"></span>net <span class=\"_ _12\"></span>book <span class=\"_ _10\"></span>value <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>NOK <span class=\"_ _12\"></span>8m. Otovo <span class=\"_ _e\"></span>also signed <span class=\"_ _e\"></span>agreements <span class=\"_ _e\"></span>for <span class=\"_ _e\"></span>disposal of <span class=\"_ _e\"></span>additional <span class=\"_ _e\"></span>tax <span class=\"_ _e\"></span>credits with <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>net <span class=\"_ _e\"></span>book value <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>NOK 17 million. <span class=\"_ _14\"> </span>As <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>31 <span class=\"_ _14\"> </span>December <span class=\"_ _14\"> </span>2022 <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>gross <span class=\"_ _14\"> </span>carrying <span class=\"_ _14\"> </span>amount <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>tax <span class=\"_ _14\"> </span>credit <span class=\"_ _14\"> </span>assets <span class=\"_ _14\"> </span>was <span class=\"_ _14\"> </span>NOK <span class=\"_ _1d\"> </span>102 million, <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>which <span class=\"_ _1d\"> </span>approximately <span class=\"_ _14\"> </span>NOK <span class=\"_ _1d\"> </span>22 <span class=\"_ _1d\"> </span>million <span class=\"_ _14\"> </span>are <span class=\"_ _1d\"> </span>tax <span class=\"_ _1d\"> </span>credits <span class=\"_ _14\"> </span>on <span class=\"_ _1d\"> </span>prepayments <span class=\"_ _1d\"> </span>with <span class=\"_ _14\"> </span>an <span class=\"_ _1d\"> </span>opposite entry in other current liabilities.The <span class=\"_ _1d\"> </span>increase <span class=\"_ _14\"> </span>compared <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>last <span class=\"_ _1d\"> </span>year <span class=\"_ _1d\"> </span>is <span class=\"_ _1d\"> </span>explained <span class=\"_ _1d\"> </span>by <span class=\"_ _1d\"> </span>increasing <span class=\"_ _1d\"> </span>activity <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>long <span class=\"_ _1d\"> </span>lag <span class=\"_ _1d\"> </span>from <span class=\"_ _1d\"> </span>the invoice <span class=\"_ _14\"> </span>is <span class=\"_ _1d\"> </span>issued <span class=\"_ _14\"> </span>until <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>tax <span class=\"_ _14\"> </span>credit <span class=\"_ _1d\"> </span>receivable <span class=\"_ _14\"> </span>has <span class=\"_ _1d\"> </span>been <span class=\"_ _1d\"> </span>disposed <span class=\"_ _14\"> </span>and <span class=\"_ _1d\"> </span>settlement <span class=\"_ _14\"> </span>received. <span class=\"_ _1d\"> </span>The long lag <span class=\"_ _e\"></span>was mainly <span class=\"_ _e\"></span>due to changes <span class=\"_ _e\"></span>in requirements <span class=\"_ _e\"></span>in Italy during <span class=\"_ _e\"></span>the year, <span class=\"_ _e\"></span>putting all disposals <span class=\"_ _e\"></span>of tax <span class=\"_\"> </span>credits <span class=\"_ _19\"> </span>on <span class=\"_ _45\"> </span>hold, <span class=\"_ _19\"> </span>Otovo <span class=\"_ _19\"> </span>adapted <span class=\"_\"> </span>to <span class=\"_ _19\"> </span>the <span class=\"_\"> </span>changes <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>requirements <span class=\"_\"> </span>and <span class=\"_ _19\"> </span>the <span class=\"_\"> </span>disposal <span class=\"_ _19\"> </span>activity increased <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>end <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>2022 <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>is <span class=\"_ _1d\"> </span>expected <span class=\"_ _14\"> </span>to <span class=\"_ _14\"> </span>continue <span class=\"_ _1d\"> </span>to <span class=\"_ _14\"> </span>increase <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>2023 <span class=\"_ _14\"> </span>as <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>customer's option to sell such tax credits is discontinued.Refer <span class=\"_ _f\"> </span>to <span class=\"_ _1b\"> </span>note <span class=\"_ _f\"> </span>25 <span class=\"_ _f\"> </span>for <span class=\"_ _f\"> </span>further <span class=\"_ _f\"> </span>information <span class=\"_ _f\"> </span>about <span class=\"_ _1b\"> </span>additional <span class=\"_ _f\"> </span>changes <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>regulations <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>Italy implemented in 2023.Note 16. Interest-bearing liabilitiesAmounts in NOK thousandAt <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>end <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>year <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>Group <span class=\"_ _12\"></span>has <span class=\"_ _10\"></span>3 <span class=\"_ _12\"></span>loans <span class=\"_ _10\"></span>from <span class=\"_ _12\"></span>Banque <span class=\"_ _12\"></span>Publique <span class=\"_ _10\"></span>d'Investissement <span class=\"_ _12\"></span>(BPI), <span class=\"_ _10\"></span>one <span class=\"_ _12\"></span>loan from <span class=\"_ _12\"></span>Innovasjon <span class=\"_ _12\"></span>Norge <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>one <span class=\"_ _12\"></span>loan <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>Nordea <span class=\"_ _12\"></span>Bank <span class=\"_ _12\"></span>Aps. <span class=\"_ _12\"></span>In <span class=\"_ _12\"></span>addition <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>this <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>Group <span class=\"_ _12\"></span>has <span class=\"_ _12\"></span>lease liabilities relating to office premises. Ref to note 12 for further details about the lease liabilities. As <span class=\"_ _e\"></span>part <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>loan <span class=\"_ _e\"></span>agreement <span class=\"_ _e\"></span>EDEA <span class=\"_ _10\"></span>entered <span class=\"_ _e\"></span>into <span class=\"_ _e\"></span>with <span class=\"_ _e\"></span>Nordea <span class=\"_ _e\"></span>ABP <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>2020, <span class=\"_ _e\"></span>five <span class=\"_ _10\"></span>draws <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>facility was performed during the year 2022. Total outstanding amount <span class=\"_ _e\"></span>at year end 2022 was MNOK 126, out of <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>committed <span class=\"_ _e\"></span>facility <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>MNOK <span class=\"_ _e\"></span>150. <span class=\"_ _e\"></span>Transaction <span class=\"_ _10\"></span>costs <span class=\"_ _e\"></span>incurred <span class=\"_ _e\"></span>as <span class=\"_ _10\"></span>part <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>establishment <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>the facility and draws are amortised over the loan period. Outstanding nominal value At 31 Dec 2022<span class=\"_ _4a\"> </span>Currency<span class=\"_ _cb\"> </span>Interest rate<span class=\"_ _ba\"> </span>Maturity(Currency)<span class=\"_ _63\"> </span>(NOK)BPI 1<span class=\"_ _1e2\"> </span>EUR<span class=\"_ _19a\"> </span>5.27%<span class=\"_ _1a\"> </span>April 2025<span class=\"_ _8b\"> </span>50<span class=\"_ _98\"> </span>525BPI 2<span class=\"_ _1e3\"> </span>EUR<span class=\"_ _91\"> </span>1.25%<span class=\"_ _1a\"> </span>September 2025<span class=\"_ _d0\"> </span>96<span class=\"_ _13c\"> </span>1 008BPI 3<span class=\"_ _1e3\"> </span>EUR<span class=\"_ _91\"> </span>2.81%<span class=\"_ _1f\"> </span>March 2027<span class=\"_ _1e4\"> </span>475<span class=\"_ _121\"> </span>4 985Innovasjon Norge<span class=\"_ _65\"> </span>NOK<span class=\"_ _4e\"> </span>Floating<span class=\"_ _1a\"> </span>April 2023<span class=\"_ _1e4\"> </span>2,500<span class=\"_ _89\"> </span>2 500March 2037 - Nordea Bank Aps<span class=\"_ _158\"> </span>EUR<span class=\"_ _bb\"> </span>EURIBOR + 2,50%12,012<span class=\"_ _12c\"> </span>126 119March 2042Total<span class=\"_ _1e5\"> </span><span class=\"ff4\"> <span class=\"_ _1e6\"> </span> <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span> <span class=\"_ _5e\"> </span></span>135 136 <span class=\"_ _fe\"> </span><span class=\"ff3\">Non-current<span class=\"_ _1e1\"> </span>Current</span>31 Dec 2022<span class=\"_ _86\"> </span>31 Dec 2021<span class=\"_ _6c\"> </span>31 Dec 2022<span class=\"_ _2\"> </span>31 Dec 2021Interest-bearing liabilitiesBorrowings from credit institutions125 6725 8726 9641 014Other interest-bearing liabilities<span class=\"_ _1e7\"> </span>-<span class=\"_ _f2\"> </span>938<span class=\"_ _f0\"> </span>2 500<span class=\"_ _f0\"> </span>4 063Total interest-bearing liabilities<span class=\"_ _12e\"> </span>125 672<span class=\"_ _5a\"> </span>6 809<span class=\"_ _133\"> </span>9 464<span class=\"_ _13c\"> </span>5 07631 December 2022<span class=\"_ _161\"> </span>31 December 2021Interest-bearing liabilities by currency<span class=\"_ _101\"> </span>Currency NOK Currency NOK amountamountamountamountEUR<span class=\"_ _1e9\"> </span>12 633<span class=\"_ _84\"> </span>132 636<span class=\"_ _d7\"> </span>690<span class=\"_ _124\"> </span>6 885NOK<span class=\"_ _175\"> </span>2 500<span class=\"_ _6f\"> </span>2 500<span class=\"_ _124\"> </span>5 000<span class=\"_ _9c\"> </span>5 000Other currencies<span class=\"_ _1ea\"> </span>-<span class=\"_ _1eb\"> </span>-<span class=\"_ _1eb\"> </span>-<span class=\"_ _1eb\"> </span>-Total interest-bearing liabilities<span class=\"_ _1bc\"> </span><span class=\"ff4\"> <span class=\"_ _69\"> </span></span>135 136<span class=\"_ _53\"> </span><span class=\"ff4\"> <span class=\"_ _128\"> </span></span>11 885Interest-bearing liabilities - maturity 2022<span class=\"_ _9d\"> </span>2023<span class=\"_ _28\"> </span>2024<span class=\"_ _28\"> </span>2025<span class=\"_ _7\"> </span>2026<span class=\"_ _ac\"> </span>2027<span class=\"_ _46\"> </span>2028<span class=\"_ _b\"> </span>TotalBorrowings from credit institutions and other 9 464<span class=\"_ _28\"> </span>9 134<span class=\"_ _20\"> </span>8 945<span class=\"_ _20\"> </span>8 588<span class=\"_ _20\"> </span>8 064<span class=\"_ _c\"> </span>7 539<span class=\"_ _3b\"> </span>51 734interest-bearing liabilitiesTotal interest-bearing liabilities excl. prepaid 9 464<span class=\"_ _7\"> </span>9 134<span class=\"_ _3a\"> </span>8 954<span class=\"_ _20\"> </span>8 588<span class=\"_ _3a\"> </span>8 064<span class=\"_ _41\"> </span>7 539<span class=\"_ _22\"> </span>51 734borrowing expensesInterest to be paid on interest-bearing liabilities<span class=\"_ _ed\"> </span>8 131<span class=\"_ _c\"> </span>7 540<span class=\"_ _b\"> </span>6 961<span class=\"_ _20\"> </span>6 406<span class=\"_ _42\"> </span>5 884<span class=\"_ _42\"> </span>5 396<span class=\"_ _22\"> </span>40 318Total interest payments<span class=\"_ _1e8\"> </span>8 131<span class=\"_ _24\"> </span>7 540<span class=\"_ _7\"> </span>6 961<span class=\"_ _3a\"> </span>6 406<span class=\"_ _3a\"> </span>5 884<span class=\"_ _24\"> </span>5 396<span class=\"_ _3f\"> </span>40 318Total future payments on interest-bearing liabilities<span class=\"_ _2d\"> </span>17 595<span class=\"_ _22\"> </span>16 674<span class=\"_ _25\"> </span>15 906<span class=\"_ _25\"> </span>14 994<span class=\"_ _25\"> </span>13 948<span class=\"_ _2c\"> </span>12 935<span class=\"_ _2b\"> </span>92 052Interest-bearing liabilities - maturity 2021<span class=\"_ _97\"> </span>2022<span class=\"_ _46\"> </span>2023<span class=\"_ _28\"> </span>2024<span class=\"_ _28\"> </span>2025<span class=\"_ _28\"> </span>2026<span class=\"_ _46\"> </span>2027<span class=\"_ _7\"> </span>TotalBorrowings from credit institutions and other   5 080<span class=\"_ _24\"> </span>2 434<span class=\"_ _ac\"> </span>1 537<span class=\"_ _5d\"> </span>1 337<span class=\"_ _aa\"> </span>998<span class=\"_ _aa\"> </span>499<span class=\"_ _3a\"> </span>11 885interest-bearing liabilitiesTotal interest-bearing liabilities excl. prepaid 5 080<span class=\"_ _42\"> </span>2 434<span class=\"_ _ac\"> </span>1 537<span class=\"_ _ac\"> </span>1 337<span class=\"_ _aa\"> </span>998<span class=\"_ _6\"> </span>499<span class=\"_ _40\"> </span>11 885borrowing expensesInterest to be paid on interest-bearing liabilities<span class=\"_ _a8\"> </span>272<span class=\"_ _3\"> </span>175<span class=\"_ _6c\"> </span>113<span class=\"_ _119\"> </span>60<span class=\"_ _6c\"> </span>25<span class=\"_ _86\"> </span>10<span class=\"_ _aa\"> </span>655Total interest payments<span class=\"_ _1ec\"> </span>272<span class=\"_ _5\"> </span>175<span class=\"_ _87\"> </span>113<span class=\"_ _2a\"> </span>60<span class=\"_ _2a\"> </span>25<span class=\"_ _2\"> </span>10<span class=\"_ _6\"> </span>655Total future payments on interest-bearing liabilities<span class=\"_ _aa\"> </span>5 353<span class=\"_ _c\"> </span>2 609<span class=\"_ _b\"> </span>1 650<span class=\"_ _ac\"> </span>1 397<span class=\"_ _28\"> </span>1 023<span class=\"_ _6\"> </span>509<span class=\"_ _30\"> </span>12 541Financial CovenantsThe debt facility held with Nordea Bank Aps contains financial covenants. The covenants covers the following ratios: leverage ratio, interest cover ratio and equity ratio. At year end, EDEA Midco is compliant with the financial covenants set out in the agreement. The facility was ended after reporting period. Please refer to note 25 for further details. Change of ControlIn addition to the financial covenants, the facility agreement with Nordea Bank Aps contains a change of control clause. Security and GuaranteesThe debt facility held with Nordea Bank Aps is secured by all outstanding shares in EDEA Midco and it subsidiaries, intra-group loans and credit, shareholder loans granted to EDEA Midco, trade receivables, inventory and operating assets, all bank accounts, and guarantees provided by the Guarantors. Note 17. Bank deposits and cash and cash equivalentsAmounts in NOK thousand <span class=\"_ _14f\"> </span><span class=\"ff3\">31 Dec 2022<span class=\"_ _f4\"> </span>31 Dec 2021</span>Bank deposits<span class=\"_ _1ed\"> </span>189 422<span class=\"_ _115\"> </span>221 781Total Bank deposits in the statement of financial position<span class=\"_ _1ee\"> </span>189 422<span class=\"_ _1ef\"> </span>221 781Restricted deposits related to employee tax deduction<span class=\"_ _1f0\"> </span>4 446<span class=\"_ _d0\"> </span>2 406Total cash and cash equivalents in the statement of cash flow<span class=\"_ _1c3\"> </span>193 868<span class=\"_ _101\"> </span>224 187Cash flow from interest-bearing liabilitiesCash <span class=\"_ _12\"></span>flow <span class=\"_ _14\"> </span>from <span class=\"_ _12\"></span>financing <span class=\"_ _14\"></span>activities <span class=\"_ _12\"></span>consists <span class=\"_ _14\"></span>of <span class=\"_ _12\"></span>proceeds <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>repayments <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>borrowings. <span class=\"_ _12\"></span>In <span class=\"_ _14\"> </span>2022, the <span class=\"_ _e\"></span>movement <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>result <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>draws <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>debt <span class=\"_ _e\"></span>facility <span class=\"_ _e\"></span>held <span class=\"_ _e\"></span>with <span class=\"_ _e\"></span>Nordea <span class=\"_ _e\"></span>Bank <span class=\"_ _10\"></span>Aps, <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>down <span class=\"_ _e\"></span>payment of <span class=\"_ _19\"> </span>debt <span class=\"_ _19\"> </span>facilities <span class=\"_ _d\"> </span>held <span class=\"_ _19\"> </span>with <span class=\"_ _19\"> </span>banks <span class=\"_ _d\"> </span>in <span class=\"_ _19\"> </span>France <span class=\"_ _19\"> </span>and <span class=\"_ _19\"> </span>Innovasjon <span class=\"_ _d\"> </span>Norge. <span class=\"_ _19\"> </span>Cash <span class=\"_ _19\"> </span>flow <span class=\"_ _d\"> </span>from <span class=\"_ _19\"> </span>financing activities is also affected by payments of principal amount of lease liabilities.2022<span class=\"_ _1f1\"> </span>2021Reconciliation of Interest-bearing Interest-Interest-Lease Lease liabilitiesbearing Totalbearing TotalliabilitiesliabilitiesliabilitiesliabilitiesBalance as of 1 January<span class=\"_ _d9\"> </span>11 885<span class=\"_ _125\"> </span>8 839<span class=\"_ _2\"> </span>20 724<span class=\"_ _70\"> </span>16 159<span class=\"_ _1f2\"> </span>11 860<span class=\"_ _27\"> </span>28 019Cash flow from Financing activitiesProceeds from borrowings<span class=\"_ _ec\"> </span>125 629-125 629-<span class=\"_ _90\"> </span>--Repayments of borrowings<span class=\"_ _de\"> </span>-3 159--3 159<span class=\"_ _11f\"> </span>-4 622--4 622Payments of lease liabilities--5 722<span class=\"_ _86\"> </span>-5 722--3 451<span class=\"_ _bd\"> </span>-3 451Net cash flow from financing 122 470<span class=\"_ _112\"> </span>-5 722<span class=\"_ _119\"> </span>116 748<span class=\"_ _11f\"> </span>-4 622<span class=\"_ _112\"> </span>-3 451<span class=\"_ _2\"> </span>-8 073activitiesFX Rate effects<span class=\"_ _39\"> </span>7811 2081 989<span class=\"_ _73\"> </span>348-97<span class=\"_ _73\"> </span>254New lease contracts-10 552<span class=\"_ _27\"> </span>10 552-<span class=\"_ _73\"> </span>528<span class=\"_ _73\"> </span>528Termination or reassessments of -<span class=\"_ _90\"> </span>-----lease contractsOther changes<span class=\"_ _1f3\"> </span>781<span class=\"_ _1f2\"> </span>11 760<span class=\"_ _4b\"> </span>12 541<span class=\"_ _83\"> </span>348<span class=\"_ _74\"> </span>430<span class=\"_ _69\"> </span>778Balance as of 31 December<span class=\"_ _f9\"> </span>135 136<span class=\"_ _bd\"> </span>14 877<span class=\"_ _4\"> </span>150 013<span class=\"_ _62\"> </span>11 885<span class=\"_ _5f\"> </span>8 839<span class=\"_ _2\"> </span>20 724Non-current liabilities<span class=\"_ _1f4\"> </span>125 672<span class=\"_ _4a\"> </span>6 130<span class=\"_ _4c\"> </span>131 802<span class=\"_ _70\"> </span>6 809<span class=\"_ _4a\"> </span>6 165<span class=\"_ _bf\"> </span>15 470Current liabilities<span class=\"_ _1f5\"> </span>9 464<span class=\"_ _76\"> </span>8 747<span class=\"_ _105\"> </span>18 211<span class=\"_ _125\"> </span>5 076<span class=\"_ _0\"> </span>2 674<span class=\"_ _76\"> </span>8 275Note 18. Other liabilitiesAmounts in NOK thousandOther current liabilities<span class=\"_ _11a\"> </span>31 Dec 2022<span class=\"_ _73\"> </span>31 Dec 2021Accrued wages and holiday pay<span class=\"_ _1f6\"> </span>34 816<span class=\"_ _18f\"> </span>14 685Indirect taxes payable<span class=\"_ _1cb\"> </span>27 415<span class=\"_ _146\"> </span>22 132Accrued interest costs<span class=\"_ _1f7\"> </span>3<span class=\"_ _ea\"> </span>2Other accruals<span class=\"_ _184\"> </span>63 269<span class=\"_ _98\"> </span>22 765Prepayments from customers<span class=\"_ _185\"> </span>49 169<span class=\"_ _12a\"> </span>9 291Earnout provision<span class=\"_ _1f8\"> </span>-<span class=\"_ _1f9\"> </span>886Current portion of non-current debt<span class=\"_ _1dd\"> </span>9 464<span class=\"_ _160\"> </span>5 076Other current liabilities<span class=\"_ _1fa\"> </span>3<span class=\"_ _1ef\"> </span>3 427Total other current liabilities<span class=\"_ _1fb\"> </span>184 139<span class=\"_ _fc\"> </span>78 264WarrantiesThe <span class=\"_ _14\"> </span>Group <span class=\"_ _14\"> </span>provides <span class=\"_ _1d\"> </span>warranties <span class=\"_ _14\"> </span>for <span class=\"_ _1d\"> </span>general <span class=\"_ _14\"> </span>repairs <span class=\"_ _1d\"> </span>of <span class=\"_ _14\"> </span>defects <span class=\"_ _1d\"> </span>that <span class=\"_ _14\"> </span>existed <span class=\"_ _1d\"> </span>at <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>time <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>sale, <span class=\"_ _14\"> </span>as required <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>law. For <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>direct <span class=\"_ _e\"></span>sales of <span class=\"_ _e\"></span>solar <span class=\"_ _e\"></span>panel <span class=\"_ _e\"></span>installations and <span class=\"_ _e\"></span>batteries <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>warranty <span class=\"_ _e\"></span>period is up <span class=\"_ _45\"> </span>to <span class=\"_ _19\"> </span>10 <span class=\"_ _19\"> </span>years, <span class=\"_ _19\"> </span>varying <span class=\"_ _19\"> </span>from <span class=\"_ _19\"> </span>market <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>market. <span class=\"_ _45\"> </span>The <span class=\"_ _19\"> </span>Group <span class=\"_ _19\"> </span>has <span class=\"_ _19\"> </span>back <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>back <span class=\"_ _19\"> </span>warranties <span class=\"_ _45\"> </span>with hardware <span class=\"_ _e\"></span>producers <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>installation <span class=\"_ _10\"></span>partners, <span class=\"_ _e\"></span>but <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>ultimately <span class=\"_ _10\"></span>responsible <span class=\"_ _e\"></span>for <span class=\"_ _e\"></span>solving <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>problem in <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>event <span class=\"_ _12\"></span>that <span class=\"_ _12\"></span>hardware <span class=\"_ _14\"></span>producers <span class=\"_ _12\"></span>fail <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>replace <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>defect <span class=\"_ _14\"></span>hardware, <span class=\"_ _12\"></span>or <span class=\"_ _12\"></span>installation <span class=\"_ _12\"></span>partners fail <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>resolve <span class=\"_ _10\"></span>issues <span class=\"_ _12\"></span>related <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>quality <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>work <span class=\"_ _12\"></span>performed <span class=\"_ _12\"></span>on <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>installation. <span class=\"_ _12\"></span>The <span class=\"_ _10\"></span>Group <span class=\"_ _12\"></span>is also <span class=\"_ _14\"> </span>responsible <span class=\"_ _14\"> </span>for <span class=\"_ _14\"> </span>covering <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>installation <span class=\"_ _14\"> </span>work <span class=\"_ _14\"> </span>related <span class=\"_ _1d\"> </span>to <span class=\"_ _14\"> </span>replacing <span class=\"_ _14\"> </span>defect <span class=\"_ _14\"> </span>hardware. <span class=\"_ _1d\"> </span>Refer <span class=\"_ _14\"> </span>to note 2 for further information about warranties.As <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>replacement <span class=\"_ _1d\"> </span>cost <span class=\"_ _14\"> </span>is <span class=\"_ _1d\"> </span>not <span class=\"_ _14\"> </span>expected <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>be <span class=\"_ _14\"> </span>significant <span class=\"_ _14\"> </span>and <span class=\"_ _1d\"> </span>it <span class=\"_ _14\"> </span>is <span class=\"_ _1d\"> </span>difficult <span class=\"_ _14\"> </span>to <span class=\"_ _14\"> </span>prepare <span class=\"_ _1d\"> </span>a <span class=\"_ _14\"> </span>reliable estimate, <span class=\"_\"> </span>including <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>percentage <span class=\"_\"> </span>of <span class=\"_ _19\"> </span>defect <span class=\"_\"> </span>hardware <span class=\"_ _45\"> </span>or <span class=\"_ _19\"> </span>installations <span class=\"_\"> </span>with <span class=\"_ _19\"> </span>quality <span class=\"_\"> </span>issues, <span class=\"_ _45\"> </span>the timing of the issue and <span class=\"_ _e\"></span>the Group\u2019s share of the expense, no accruals <span class=\"_ _e\"></span>have been made. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Since <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>start <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>Otovo\u2019s <span class=\"_ _10\"></span>operations <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>expenses <span class=\"_ _10\"></span>relating <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>malfunctions <span class=\"_ _10\"></span>one <span class=\"_ _e\"></span>year <span class=\"_ _10\"></span>or <span class=\"_ _10\"></span>more <span class=\"_ _10\"></span>after the <span class=\"_ _1d\"> </span>installation <span class=\"_ _14\"> </span>date <span class=\"_ _1d\"> </span>have <span class=\"_ _1d\"> </span>been <span class=\"_ _1d\"> </span>immaterial <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>according <span class=\"_ _1d\"> </span>to <span class=\"_ _1d\"> </span>information <span class=\"_ _1d\"> </span>received <span class=\"_ _1d\"> </span>by <span class=\"_ _1d\"> </span>hardware producers and distributors is that they receive warranty claims on less than 1% of all panels sold. Note 19. Risk managementAmounts in NOK thousandThe Group\u2019s <span class=\"_ _e\"></span>capital management policy is <span class=\"_ _e\"></span>to have a <span class=\"_ _e\"></span>capital structure which meets <span class=\"_ _e\"></span>the demands of operations, <span class=\"_ _10\"></span>reduces <span class=\"_ _10\"></span>cost <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>capital <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>complies <span class=\"_ _10\"></span>with <span class=\"_ _10\"></span>financial <span class=\"_ _10\"></span>covenants <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>future <span class=\"_ _e\"></span>investments planned <span class=\"_ _12\"></span>by <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>Group. <span class=\"_ _12\"></span>The <span class=\"_ _12\"></span>Group <span class=\"_ _12\"></span>will <span class=\"_ _14\"></span>adjust <span class=\"_ _12\"></span>debt <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>equity <span class=\"_ _14\"></span>to <span class=\"_ _12\"></span>maintain <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>secure <span class=\"_ _14\"></span>an <span class=\"_ _12\"></span>optimal capital structure by continuously monitoring the total equity level and the equity ratio of the Group. The <span class=\"_\"> </span>Group\u2019s <span class=\"_\"> </span>activities <span class=\"_\"> </span>are <span class=\"_\"> </span>exposed <span class=\"_\"> </span>to <span class=\"_\"> </span>financial <span class=\"_\"> </span>risks: <span class=\"_\"> </span>credit <span class=\"_ _45\"> </span>risk, <span class=\"_ _45\"> </span>liquidity <span class=\"_ _45\"> </span>risk, <span class=\"_\"> </span>currency <span class=\"_ _45\"> </span>risk <span class=\"_ _45\"> </span>and interest <span class=\"_\"> </span>risk. <span class=\"_\"> </span>The <span class=\"_\"> </span>Group\u2019s <span class=\"_\"> </span>overall <span class=\"_ _19\"> </span>risk <span class=\"_\"> </span>management <span class=\"_\"> </span>program <span class=\"_\"> </span>focuses <span class=\"_\"> </span>on <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>unpredictability <span class=\"_\"> </span>of financial <span class=\"_ _11\"> </span>markets <span class=\"_ _1e\"> </span>and <span class=\"_ _1e\"> </span>seeks <span class=\"_ _1e\"> </span>to <span class=\"_ _1e\"> </span>minimise <span class=\"_ _11\"> </span>potential <span class=\"_ _1e\"> </span>adverse <span class=\"_ _1e\"> </span>effects <span class=\"_ _1e\"> </span>on <span class=\"_ _1e\"> </span>the <span class=\"_ _11\"> </span>Group\u2019s <span class=\"_ _1e\"> </span>financial performance. Overall the Group considers the financial risk to be acceptable.Credit riskCredit <span class=\"_ _1d\"> </span>risk <span class=\"_ _1d\"> </span>is <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>loss <span class=\"_ _13\"> </span>that <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group <span class=\"_ _1d\"> </span>would <span class=\"_ _13\"> </span>suffer <span class=\"_ _1d\"> </span>if <span class=\"_ _13\"> </span>a <span class=\"_ _1d\"> </span>counterparty <span class=\"_ _13\"> </span>fails <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>perform <span class=\"_ _1d\"> </span>its <span class=\"_ _1d\"> </span>financial obligations. The <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _14\"> </span>credit <span class=\"_ _14\"></span>risks <span class=\"_ _12\"></span>largely <span class=\"_ _14\"> </span>arise <span class=\"_ _12\"></span>from <span class=\"_ _14\"> </span>trade <span class=\"_ _14\"></span>receivables <span class=\"_ _12\"></span>and <span class=\"_ _14\"> </span>cash <span class=\"_ _12\"></span>and <span class=\"_ _14\"> </span>cash <span class=\"_ _14\"> </span>equivalents. <span class=\"_ _12\"></span>The counterparts <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _12\"></span>cash <span class=\"_ _10\"></span>deposits <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>large <span class=\"_ _10\"></span>banks <span class=\"_ _12\"></span>which <span class=\"_ _12\"></span>are <span class=\"_ _10\"></span>considered <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>be <span class=\"_ _12\"></span>solid. <span class=\"_ _10\"></span>The Group assesses that there are no material credit risks associated with these deposits.Credit <span class=\"_ _19\"> </span>risk <span class=\"_ _19\"> </span>related <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>trade <span class=\"_ _19\"> </span>receivables <span class=\"_ _19\"> </span>is <span class=\"_ _d\"> </span>assessed <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>be <span class=\"_ _19\"> </span>limited <span class=\"_ _19\"> </span>due <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>high <span class=\"_ _d\"> </span>number <span class=\"_ _19\"> </span>of customers <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _12\"></span>customer <span class=\"_ _10\"></span>base <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>further <span class=\"_ _10\"></span>mitigated <span class=\"_ _12\"></span>through <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>use <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>credit <span class=\"_ _12\"></span>rating agencies <span class=\"_ _e\"></span>ahead of <span class=\"_ _e\"></span>sales, use <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>prepayments for <span class=\"_ _e\"></span>customers or <span class=\"_ _e\"></span>markets <span class=\"_ _e\"></span>with higher <span class=\"_ _e\"></span>risk, <span class=\"_ _e\"></span>continuous monitoring <span class=\"_ _e\"></span>of overdue <span class=\"_ _e\"></span>invoices, all <span class=\"_ _e\"></span>combined <span class=\"_ _e\"></span>with the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>holding the <span class=\"_ _e\"></span>right <span class=\"_ _e\"></span>to reclaim <span class=\"_ _e\"></span>the assets in case of payment default.An <span class=\"_\"> </span>important <span class=\"_ _19\"> </span>element <span class=\"_ _19\"> </span>of <span class=\"_\"> </span>the <span class=\"_ _19\"> </span>credit <span class=\"_ _19\"> </span>risk <span class=\"_ _45\"> </span>profile <span class=\"_ _19\"> </span>for <span class=\"_ _19\"> </span>the <span class=\"_ _45\"> </span>Group <span class=\"_ _19\"> </span>is <span class=\"_ _19\"> </span>that <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>subset <span class=\"_ _19\"> </span>of <span class=\"_ _45\"> </span>customers addressed <span class=\"_ _14\"> </span>are, <span class=\"_ _14\"> </span>as <span class=\"_ _14\"></span>homeowners, <span class=\"_ _14\"></span>already <span class=\"_ _14\"></span>amongst <span class=\"_ _14\"></span>the <span class=\"_ _14\"></span>individuals <span class=\"_ _14\"></span>with <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>most <span class=\"_ _14\"> </span>robust <span class=\"_ _14\"> </span>economy and credit ratings. According <span class=\"_ _e\"></span>to Intrum, one of Europe\u2019s largest <span class=\"_ _e\"></span>debt collection agencies, the default probability <span class=\"_ _10\"></span>on <span class=\"_ _e\"></span>a <span class=\"_ _10\"></span>utility <span class=\"_ _10\"></span>bill <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>6 <span class=\"_ _10\"></span>times <span class=\"_ _10\"></span>lower <span class=\"_ _10\"></span>for <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>customer <span class=\"_ _10\"></span>owning <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>house <span class=\"_ _10\"></span>than <span class=\"_ _10\"></span>for <span class=\"_ _e\"></span>customers <span class=\"_ _10\"></span>who are <span class=\"_ _1d\"> </span>not <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>homeowner. <span class=\"_ _1d\"> </span>In <span class=\"_ _13\"> </span>addition, <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>single <span class=\"_ _1d\"> </span>point <span class=\"_ _13\"> </span>exposure <span class=\"_ _1d\"> </span>will <span class=\"_ _13\"> </span>be <span class=\"_ _1d\"> </span>low, <span class=\"_ _13\"> </span>as <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group <span class=\"_ _1d\"> </span>will <span class=\"_ _1d\"> </span>have thousands of single counterparties across Europe.Finally, <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>solar <span class=\"_ _e\"></span>system contract <span class=\"_ _e\"></span>will <span class=\"_ _e\"></span>be <span class=\"_ _e\"></span>cost <span class=\"_ _e\"></span>saving <span class=\"_ _e\"></span>for <span class=\"_ _e\"></span>customers in <span class=\"_ _e\"></span>most <span class=\"_ _e\"></span>markets, <span class=\"_ _e\"></span>resulting <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the outcome <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>end <span class=\"_ _12\"></span>customer <span class=\"_ _10\"></span>if <span class=\"_ _12\"></span>choosing <span class=\"_ _12\"></span>not <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>pay <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>subscription <span class=\"_ _12\"></span>contract <span class=\"_ _12\"></span>being <span class=\"_ _12\"></span>worse <span class=\"_ _10\"></span>than paying. <span class=\"_ _13\"> </span>In <span class=\"_ _2f\"> </span>addition <span class=\"_ _13\"> </span>this <span class=\"_ _2f\"> </span>element <span class=\"_ _13\"> </span>is <span class=\"_ _2f\"> </span>more <span class=\"_ _13\"> </span>prominent <span class=\"_ _2f\"> </span>in <span class=\"_ _13\"> </span>markets <span class=\"_ _2f\"> </span>with <span class=\"_ _13\"> </span>higher <span class=\"_ _2f\"> </span>expected <span class=\"_ _13\"> </span>loss <span class=\"_ _2f\"> </span>given defaults (LGD). I.e. the customer business case is often stronger in countries where the LGD is higher. Loss on receivables are recognized as displayed below. <span class=\"_ _1fc\"> </span><span class=\"ff3\">2022<span class=\"_ _67\"> </span>2021</span>Loss on trade receivables<span class=\"_ _f3\"> </span>153<span class=\"_ _5b\"> </span>712Loss on trade receivables in % of Revenues<span class=\"_ _114\"> </span>0.02%<span class=\"_ _7c\"> </span>0.25%Trade receivablesAt 31 December the exposure to credit risk were separated into the following segments; <span class=\"_ _1fd\"> </span><span class=\"ff3 fc2\">2022<span class=\"_ _130\"> </span>2021</span>Direct purchase<span class=\"_ _1fe\"> </span>44 722<span class=\"_ _101\"> </span>23 043Subscription<span class=\"_ _1ff\"> </span>1 945<span class=\"_ _1c0\"> </span>844Trade receivables at 31 December - ageing<span class=\"_ _200\"> </span>31 Dec 2022<span class=\"_ _81\"> </span>31 Dec 2021Not due<span class=\"_ _201\"> </span>19 524<span class=\"_ _115\"> </span>13 7381\u201330 days past due<span class=\"_ _202\"> </span>12 655<span class=\"_ _203\"> </span>4 27931\u201360 days past due<span class=\"_ _b6\"> </span>4 308<span class=\"_ _203\"> </span>3 28261\u201390 days past due<span class=\"_ _1ca\"> </span>1 894<span class=\"_ _a7\"> </span>706More than 90 days past due<span class=\"_ _b3\"> </span>8 286<span class=\"_ _53\"> </span>1 882Total trade receivables<span class=\"_ _171\"> </span>46 667<span class=\"_ _204\"> </span>23 887Bad debt provision<span class=\"_ _206\"> </span>-2 613<span class=\"_ _ec\"> </span>-1 717The <span class=\"_ _d\"> </span>Group <span class=\"_ _19\"> </span>applies <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>simplified <span class=\"_ _d\"> </span>approach <span class=\"_ _d\"> </span>to measuring <span class=\"_ _12\"></span>expected <span class=\"_ _14\"></span>credit <span class=\"_ _12\"></span>losses, <span class=\"_ _12\"></span>which <span class=\"_ _14\"> </span>uses <span class=\"_ _12\"></span>a lifetime <span class=\"_ _11\"> </span>expected <span class=\"_ _11\"> </span>loss <span class=\"_ _11\"> </span>allowance <span class=\"_ _11\"> </span>for <span class=\"_ _11\"> </span>all <span class=\"_ _11\"> </span>trade receivables.Historical losses in the <span class=\"_ _e\"></span>Group have been very low, as <span class=\"_ _12\"></span>result <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>measures <span class=\"_ _12\"></span>implemented <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>order to <span class=\"_ _12\"></span>reduce <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>credit <span class=\"_ _12\"></span>risk. <span class=\"_ _12\"></span>With <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>launch <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>new markets <span class=\"_ _18\"> </span>and <span class=\"_ _26\"> </span>and <span class=\"_ _18\"> </span>the <span class=\"_ _26\"> </span>acquisition <span class=\"_ _26\"> </span>of <span class=\"_ _18\"> </span>the subscription <span class=\"_ _10\"></span>business, <span class=\"_ _12\"></span>EDEA, <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>risk <span class=\"_ _10\"></span>changes, <span class=\"_ _10\"></span>as does the measures. <span class=\"_ _e\"></span>As an example prepayments are <span class=\"_ _f\"> </span>required <span class=\"_ _21\"> </span>for <span class=\"_ _f\"> </span>the <span class=\"_ _21\"> </span>whole <span class=\"_ _f\"> </span>or <span class=\"_ _21\"> </span>parts <span class=\"_ _f\"> </span>of <span class=\"_ _21\"> </span>the contract <span class=\"_ _1a\"> </span>amount <span class=\"_ _16\"> </span>in <span class=\"_ _1a\"> </span>some <span class=\"_ _1a\"> </span>markets. <span class=\"_ _16\"> </span>This <span class=\"_ _1a\"> </span>is reflecting <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>risk <span class=\"_ _19\"> </span>of <span class=\"_ _d\"> </span>default <span class=\"_ _19\"> </span>in <span class=\"_ _d\"> </span>those <span class=\"_ _19\"> </span>markets, and <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>local <span class=\"_ _14\"> </span>debt <span class=\"_ _14\"> </span>collection <span class=\"_ _1d\"> </span>process <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>tools available in case of default.For <span class=\"_ _14\"> </span>Direct <span class=\"_ _14\"> </span>Purchase <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>customers <span class=\"_ _14\"> </span>are <span class=\"_ _14\"> </span>grouped into <span class=\"_ _f\"> </span>categories, <span class=\"_ _21\"> </span>market <span class=\"_ _21\"> </span>by <span class=\"_ _21\"> </span>market, <span class=\"_ _f\"> </span>and <span class=\"_ _21\"> </span>the expected <span class=\"_ _19\"> </span>credit <span class=\"_ _19\"> </span>loss <span class=\"_ _19\"> </span>is <span class=\"_ _d\"> </span>estimated <span class=\"_ _19\"> </span>category <span class=\"_ _19\"> </span>by category. <span class=\"_ _1d\"> </span>The <span class=\"_ _13\"> </span>expected <span class=\"_ _13\"> </span>loss <span class=\"_ _13\"> </span>reflect <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group\u2019s ability <span class=\"_ _13\"> </span>to <span class=\"_ _13\"> </span>collect <span class=\"_\"> </span>once <span class=\"_ _1d\"> </span>receivables <span class=\"_\"> </span>are <span class=\"_ _1d\"> </span>overdue. The <span class=\"_ _3f\"> </span>residual <span class=\"_ _2b\"> </span>value <span class=\"_ _3f\"> </span>of <span class=\"_ _2b\"> </span>the <span class=\"_ _3f\"> </span>solar <span class=\"_ _3f\"> </span>panels installations <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>batteries <span class=\"_ _10\"></span>sold <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>included <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>the residual <span class=\"_ _19\"> </span>value, <span class=\"_ _d\"> </span>when <span class=\"_ _d\"> </span>relevant. <span class=\"_ _19\"> </span>For <span class=\"_ _d\"> </span>subscription customers <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>same <span class=\"_\"> </span>method <span class=\"_ _2f\"> </span>is <span class=\"_\"> </span>used, <span class=\"_ _2f\"> </span>however additional <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>estimating <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>expected <span class=\"_ _e\"></span>credit <span class=\"_ _10\"></span>loss for <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>trade <span class=\"_ _12\"></span>receivables, <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>fixed <span class=\"_ _14\"> </span>assets <span class=\"_ _12\"></span>(solar panel <span class=\"_ _1b\"> </span>systems <span class=\"_ _f\"> </span>mounted <span class=\"_ _1b\"> </span>on <span class=\"_ _f\"> </span>the <span class=\"_ _f\"> </span>subscription customers <span class=\"_ _16\"> </span>roof) <span class=\"_ _16\"> </span>related <span class=\"_ _17\"> </span>to <span class=\"_ _16\"> </span>customers <span class=\"_ _16\"> </span>with increased <span class=\"_ _e\"></span>risk of <span class=\"_ _e\"></span>payment default <span class=\"_ _e\"></span>is assessed <span class=\"_ _e\"></span>for impairment, <span class=\"_ _10\"></span>as <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>fixed <span class=\"_ _10\"></span>assets <span class=\"_ _10\"></span>would <span class=\"_ _10\"></span>ultimately be <span class=\"_ _57\"> </span>reclaimed <span class=\"_ _1b\"> </span>and <span class=\"_ _57\"> </span>sold <span class=\"_ _1b\"> </span>in <span class=\"_ _57\"> </span>the <span class=\"_ _1b\"> </span>second <span class=\"_ _57\"> </span>hand market.The <span class=\"_ _12\"></span>expected <span class=\"_ _12\"></span>loss <span class=\"_ _10\"></span>based <span class=\"_ _12\"></span>on <span class=\"_ _12\"></span>experience <span class=\"_ _12\"></span>from debt <span class=\"_ _1a\"> </span>collection <span class=\"_ _1f\"> </span>processes <span class=\"_ _1a\"> </span>and <span class=\"_ _1f\"> </span>estimated residual <span class=\"_ _13\"> </span>value <span class=\"_\"> </span>for <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>products <span class=\"_ _13\"> </span>that <span class=\"_\"> </span>can <span class=\"_ _13\"> </span>be reclaimed, both in current <span class=\"_ _e\"></span>and previous years. The <span class=\"_ _12\"></span>Group <span class=\"_ _10\"></span>is <span class=\"_ _12\"></span>however <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>an <span class=\"_ _12\"></span>early <span class=\"_ _12\"></span>stage <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>its commercial <span class=\"_ _14\"> </span>journey, <span class=\"_ _14\"></span>with <span class=\"_ _14\"></span>2021 <span class=\"_ _14\"></span>being <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>first year <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>operations <span class=\"_ _14\"> </span>in <span class=\"_ _1d\"> </span>several <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>markets, hence <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Group <span class=\"_ _1d\"> </span>has <span class=\"_ _1d\"> </span>limited <span class=\"_ _1d\"> </span>historical <span class=\"_ _1d\"> </span>data. As <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>consequence <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>this <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>loss <span class=\"_ _13\"> </span>rates <span class=\"_ _13\"> </span>are frequently <span class=\"_ _19\"> </span>reviewed <span class=\"_ _d\"> </span>and <span class=\"_ _19\"> </span>updated <span class=\"_ _19\"> </span>to <span class=\"_ _d\"> </span>reflect the actual risk in each of the Group's markets.Liquidity riskLiquidity <span class=\"_ _d\"> </span>risk <span class=\"_ _d\"> </span>is <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>risk <span class=\"_ _19\"> </span>that <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>will have <span class=\"_ _18\"> </span>difficulties <span class=\"_ _26\"> </span>in <span class=\"_ _18\"> </span>paying <span class=\"_ _26\"> </span>its <span class=\"_ _18\"> </span>financial liabilities.While <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Group <span class=\"_ _1d\"> </span>has <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>strong <span class=\"_ _1d\"> </span>cash <span class=\"_ _1d\"> </span>position, the <span class=\"_ _16\"> </span>subscription <span class=\"_ _16\"> </span>business <span class=\"_ _16\"> </span>is <span class=\"_ _16\"> </span>exposed <span class=\"_ _16\"> </span>to liquidity <span class=\"_ _16\"> </span>risk <span class=\"_ _16\"> </span>over <span class=\"_ _16\"> </span>time. <span class=\"_ _16\"> </span>The <span class=\"_ _16\"> </span>subscription business <span class=\"_ _13\"> </span>consists <span class=\"_\"> </span>mainly <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>purchasing <span class=\"_\"> </span>and installing <span class=\"_ _1f\"> </span>solar <span class=\"_ _1f\"> </span>systems <span class=\"_ _1a\"> </span>and <span class=\"_ _1f\"> </span>batteries <span class=\"_ _1f\"> </span>at private <span class=\"_ _12\"></span>individuals\u2019 <span class=\"_ _14\"> </span>houses, <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>entering <span class=\"_ _14\"> </span>into long <span class=\"_ _17\"> </span>term <span class=\"_ _15\"> </span>leasing <span class=\"_ _17\"> </span>contracts <span class=\"_ _15\"> </span>with <span class=\"_ _17\"> </span>these customers <span class=\"_ _1d\"> </span>(20 <span class=\"_ _1d\"> </span>years <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>PV <span class=\"_ _1d\"> </span>and <span class=\"_ _13\"> </span>10 <span class=\"_ _1d\"> </span>years <span class=\"_ _1d\"> </span>for batteries). The <span class=\"_ _1d\"> </span>management <span class=\"_ _13\"> </span>were <span class=\"_ _13\"> </span>working <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>secure <span class=\"_ _13\"> </span>a financing <span class=\"_\"> </span>package <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>end <span class=\"_ _19\"> </span>of <span class=\"_\"> </span>2022. <span class=\"_ _19\"> </span>This was <span class=\"_ _f\"> </span>landed <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>January <span class=\"_ _f\"> </span>2023, <span class=\"_ _f\"> </span>see <span class=\"_ _f\"> </span>further information <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>note <span class=\"_ _13\"> </span>25. <span class=\"_ _13\"> </span>With <span class=\"_\"> </span>the <span class=\"_ _13\"> </span>announced financing <span class=\"_ _f\"> </span>package <span class=\"_ _f\"> </span>of <span class=\"_ _f\"> </span>NOK <span class=\"_ _f\"> </span>250 <span class=\"_ _f\"> </span>million <span class=\"_ _f\"> </span>in equity <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>up <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>EUR <span class=\"_ _14\"> </span>100 <span class=\"_ _14\"> </span>million <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>debt, <span class=\"_ _14\"> </span>the Group\u2019s <span class=\"_ _1a\"> </span>growth <span class=\"_ _1a\"> </span>in <span class=\"_ _1a\"> </span>subscription <span class=\"_ _1a\"> </span>assets <span class=\"_ _1a\"> </span>is secured <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>short <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>medium <span class=\"_ _e\"></span>term. <span class=\"_ _e\"></span>In <span class=\"_ _e\"></span>the longer <span class=\"_ _1a\"> </span>term, <span class=\"_ _16\"> </span>financing <span class=\"_ _1a\"> </span>of <span class=\"_ _1a\"> </span>new <span class=\"_ _16\"> </span>customer contracts may require further debt and equity financing or a disposal of assets.Maturity profile of the Group\u2019s liabilities (in nominal values) <span class=\"_ _207\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.22yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _e6\"> </span>16 619<span class=\"_ _3e\"> </span>7 918<span class=\"_ _aa\"> </span>5 158<span class=\"_ _49\"> </span>3 544<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other135 136<span class=\"_ _7\"> </span>17 595<span class=\"_ _b\"> </span>16 674<span class=\"_ _8\"> </span>15 906<span class=\"_ _8\"> </span>14 994<span class=\"_ _b\"> </span>13 948<span class=\"_ _41\"> </span>56 019Trade payables<span class=\"_ _1be\"> </span>71 473<span class=\"_ _ac\"> </span>71 473<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _1e7\"> </span>27 415<span class=\"_ _28\"> </span>27 415<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _36\"> </span>147 260<span class=\"_ _25\"> </span>147 260<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _164\"> </span>397 904<span class=\"_ _3a\"> </span>271 661<span class=\"_ _28\"> </span>21 832<span class=\"_ _c\"> </span>19 450<span class=\"_ _c\"> </span>14 994<span class=\"_ _41\"> </span>13 948<span class=\"_ _41\"> </span>56 019 <span class=\"_ _11b\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.21yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _208\"> </span>9 411<span class=\"_ _61\"> </span>2 797<span class=\"_ _9\"> </span>2 205<span class=\"_ _5c\"> </span>2 205<span class=\"_ _9\"> </span>2 205<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other12 541<span class=\"_ _49\"> </span>5 353<span class=\"_ _49\"> </span>2 609<span class=\"_ _aa\"> </span>1 650<span class=\"_ _131\"> </span>1 397<span class=\"_ _131\"> </span>1 023<span class=\"_ _2a\"> </span>509Trade payables<span class=\"_ _209\"> </span>29 889<span class=\"_ _40\"> </span>29 889<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _d2\"> </span>22 132<span class=\"_ _ac\"> </span>22 132<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _9a\"> </span>51 056<span class=\"_ _8\"> </span>51 056<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _20a\"> </span>125 029<span class=\"_ _41\"> </span>111 226<span class=\"_ _61\"> </span>4 814<span class=\"_ _23\"> </span>3 855<span class=\"_ _5c\"> </span>3 602<span class=\"_ _3e\"> </span>1 023<span class=\"_ _2a\"> </span>5091) Borrowings from credit institutions and other interest-bearing liabilitiesCurrency riskThe <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>is <span class=\"_ _10\"></span>exposed <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>currency <span class=\"_ _10\"></span>risk <span class=\"_ _e\"></span>related <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>investments <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>foreign <span class=\"_ _10\"></span>entities <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>proceeds <span class=\"_ _10\"></span>from these <span class=\"_ _1d\"> </span>investments <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>vary <span class=\"_ _13\"> </span>with <span class=\"_ _13\"> </span>changes <span class=\"_ _13\"> </span>in <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>exchange <span class=\"_ _13\"> </span>rate. <span class=\"_ _13\"> </span>The <span class=\"_ _13\"> </span>net <span class=\"_ _13\"> </span>income <span class=\"_ _13\"> </span>of <span class=\"_ _1d\"> </span>the Group is <span class=\"_ _e\"></span>also affected <span class=\"_ _e\"></span>by currency fluctuations, <span class=\"_ _e\"></span>as the profit <span class=\"_ _e\"></span>and losses <span class=\"_ _e\"></span>from foreign operations <span class=\"_ _e\"></span>are translated into NOK using the average exchange rates for the period.To <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>extent <span class=\"_ _14\"> </span>possible, <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>Group <span class=\"_ _14\"> </span>intends <span class=\"_ _14\"> </span>to <span class=\"_ _14\"></span>finance <span class=\"_ _14\"></span>its <span class=\"_ _12\"></span>operations <span class=\"_ _14\"> </span>through <span class=\"_ _14\"> </span>debt <span class=\"_ _14\"> </span>financing <span class=\"_ _14\"> </span>in <span class=\"_ _14\"></span>the respective <span class=\"_ _10\"></span>countries\u2019 <span class=\"_ _10\"></span>currency. <span class=\"_ _10\"></span>The <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _e\"></span>current <span class=\"_ _12\"></span>policy <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>not <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>hedge <span class=\"_ _12\"></span>its <span class=\"_ _10\"></span>currency <span class=\"_ _10\"></span>risk <span class=\"_ _10\"></span>through FX futures or other derivatives.The <span class=\"_ _e\"></span>currency <span class=\"_ _e\"></span>risk <span class=\"_ _e\"></span>for each <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Group\u2019s <span class=\"_ _e\"></span>subsidiaries <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>limited <span class=\"_ _e\"></span>as each <span class=\"_ _e\"></span>entity <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>its <span class=\"_ _e\"></span>revenues <span class=\"_ _e\"></span>and costs in its local currency. Wholesale prices of materials may to a certain extent <span class=\"_ _e\"></span>vary with variations in <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>exchange <span class=\"_ _2f\"> </span>rates, <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>will <span class=\"_ _2f\"> </span>influence <span class=\"_ _13\"> </span>prices <span class=\"_ _13\"> </span>to <span class=\"_ _2f\"> </span>customers <span class=\"_ _13\"> </span>which <span class=\"_ _13\"> </span>again <span class=\"_ _2f\"> </span>could <span class=\"_ _13\"> </span>affect <span class=\"_ _13\"> </span>the attractiveness of the product.SensitivityIf <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>following <span class=\"_ _14\"> </span>currencies <span class=\"_ _14\"> </span>had <span class=\"_ _14\"> </span>strengthened/weakened <span class=\"_ _1d\"> </span>against <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>functional <span class=\"_ _14\"> </span>currency, <span class=\"_ _14\"> </span>it <span class=\"_ _1d\"> </span>would have had the below <span class=\"ff5\">direct </span>effect on the Group\u2019s loss:Profit and loss <span class=\"_ _ad\"> </span><span class=\"ff3 fcc\">Change in<span class=\"_ _132\"> </span>2022<span class=\"_ _8b\"> </span>2021</span>EUR<span class=\"_ _20b\"> </span>+/- 10%<span class=\"_ _20c\"> </span>18 333<span class=\"_ _1c3\"> </span>8 485SEK<span class=\"_ _20d\"> </span>+/- 10%<span class=\"_ _20e\"> </span>2 680<span class=\"_ _15e\"> </span>1 940PLN<span class=\"_ _20d\"> </span>+/- 10%<span class=\"_ _1e2\"> </span>2 367<span class=\"_ _20f\"> </span>726GBP<span class=\"_ _144\"> </span>+/- 10%<span class=\"_ _1bd\"> </span>375<span class=\"_ _1ee\"> </span>-CHF<span class=\"_ _144\"> </span>+/- 10%<span class=\"_ _1c1\"> </span>1 207<span class=\"_ _1ee\"> </span>-USD<span class=\"_ _144\"> </span><span class=\"fca\">+/- 10%<span class=\"_ _f6\"> </span></span>284<span class=\"_ _210\"> </span>-Total<span class=\"_ _fe\"> </span><span class=\"ff4\"> <span class=\"_ _d9\"> </span></span>25 246<span class=\"_ _1c1\"> </span>11 151Interest rate riskEDEA, <span class=\"_\"> </span>the <span class=\"_\"> </span>subscription <span class=\"_\"> </span>business, <span class=\"_\"> </span>financed <span class=\"_ _19\"> </span>its <span class=\"_\"> </span>activities <span class=\"_\"> </span>in 2022 partly <span class=\"_ _e\"></span>through debt <span class=\"_ _e\"></span>financing <span class=\"_ _e\"></span>from Nordea <span class=\"_ _e\"></span>Bank. Thus the <span class=\"_ _10\"></span>Group <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>exposed <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>market <span class=\"_ _10\"></span>risk <span class=\"_ _10\"></span>related <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>fluctuations in <span class=\"_ _12\"></span>interest <span class=\"_ _10\"></span>rates <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>currencies <span class=\"_ _10\"></span>in <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>countries <span class=\"_ _10\"></span>where <span class=\"_ _12\"></span>the Group <span class=\"_ _19\"> </span>has <span class=\"_ _19\"> </span>operations. <span class=\"_ _d\"> </span>The <span class=\"_ _19\"> </span>interest <span class=\"_ _d\"> </span>rates <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>Group\u2019s financing <span class=\"_ _1d\"> </span>agreements <span class=\"_ _14\"> </span>vary <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>respective <span class=\"_ _1d\"> </span>IBOR-rate. Consequently, <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>is <span class=\"_ _19\"> </span>exposed <span class=\"_ _d\"> </span>to <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>risk <span class=\"_ _19\"> </span>that <span class=\"_ _d\"> </span>its financing costs may increase. This <span class=\"_ _14\"> </span>risk <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>mitigated <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>two <span class=\"_ _14\"> </span>ways. <span class=\"_ _1d\"> </span>The <span class=\"_ _14\"> </span>monthly <span class=\"_ _14\"> </span>payments from <span class=\"_ _16\"> </span>the <span class=\"_ _1a\"> </span>customers <span class=\"_ _16\"> </span>are <span class=\"_ _1a\"> </span>subject <span class=\"_ _16\"> </span>to <span class=\"_ _16\"> </span>an <span class=\"_ _1a\"> </span>annual <span class=\"_ _16\"> </span>CPI adjustment, <span class=\"_ _34\"> </span>which <span class=\"_ _34\"> </span>is <span class=\"_ _18\"> </span>expected <span class=\"_ _34\"> </span>to <span class=\"_ _18\"> </span>compensate <span class=\"_ _34\"> </span>for increasing financing <span class=\"_ _e\"></span>costs to <span class=\"_ _e\"></span>a large <span class=\"_ _e\"></span>extent. In <span class=\"_ _e\"></span>addition, the implicit <span class=\"_ _14\"> </span>interest <span class=\"_ _1d\"> </span>rates <span class=\"_ _1d\"> </span>in <span class=\"_ _1d\"> </span>new <span class=\"_ _1d\"> </span>customer <span class=\"_ _1d\"> </span>contracts <span class=\"_ _1d\"> </span>may <span class=\"_ _1d\"> </span>be increased <span class=\"_ _d\"> </span>if <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>financing <span class=\"_ _d\"> </span>costs <span class=\"_ _11\"> </span>increase, <span class=\"_ _d\"> </span>giving <span class=\"_ _11\"> </span>higher recurring <span class=\"_\"> </span>revenue <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>the <span class=\"_\"> </span>future. <span class=\"_ _13\"> </span>As <span class=\"_\"> </span>of <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>balance <span class=\"_\"> </span>sheet date <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>Group <span class=\"_ _19\"> </span>has <span class=\"_ _d\"> </span>very <span class=\"_ _19\"> </span>moderate <span class=\"_ _19\"> </span>debt <span class=\"_ _19\"> </span>financing <span class=\"_ _d\"> </span>and interest <span class=\"_ _1d\"> </span>expense, <span class=\"_ _13\"> </span>whereof <span class=\"_ _1d\"> </span>only <span class=\"_ _13\"> </span>NOK <span class=\"_ _13\"> </span>5 <span class=\"_ _1d\"> </span>million <span class=\"_ _13\"> </span>has <span class=\"_ _1d\"> </span>floating interest <span class=\"_ _10\"></span>rate, <span class=\"_ _12\"></span>hence <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>exposure <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>interest <span class=\"_ _10\"></span>fluctuations <span class=\"_ _12\"></span>is very limited.Overall <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>risk <span class=\"_ _11\"> </span>related <span class=\"_ _11\"> </span>to <span class=\"_ _11\"> </span>interest <span class=\"_ _11\"> </span>rates <span class=\"_ _11\"> </span>has <span class=\"_ _11\"> </span>increased during <span class=\"_ _21\"> </span>2022, <span class=\"_ _21\"> </span>with <span class=\"_ _21\"> </span>the <span class=\"_ _21\"> </span>increased <span class=\"_ _21\"> </span>central <span class=\"_ _21\"> </span>banks <span class=\"_ _21\"> </span>rates. However, <span class=\"_ _e\"></span>taking into <span class=\"_ _e\"></span>consideration the <span class=\"_ _e\"></span>mitigating <span class=\"_ _e\"></span>effects of inflation <span class=\"_ _15\"> </span>adjustment <span class=\"_ _15\"> </span>and <span class=\"_ _34\"> </span>yield <span class=\"_ _15\"> </span>adjustment <span class=\"_ _15\"> </span>on <span class=\"_ _34\"> </span>new contracts <span class=\"_ _e\"></span>(as <span class=\"_ _10\"></span>described <span class=\"_ _e\"></span>above), <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>Group <span class=\"_ _e\"></span>has <span class=\"_ _10\"></span>decided <span class=\"_ _e\"></span>to maintain <span class=\"_ _10\"></span>its\u2019 <span class=\"_ _12\"></span>policy <span class=\"_ _10\"></span>not <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>enter <span class=\"_ _12\"></span>into <span class=\"_ _10\"></span>interest <span class=\"_ _12\"></span>rate <span class=\"_ _10\"></span>swaps <span class=\"_ _10\"></span>to hedge interest rate risk.In <span class=\"_\"> </span>January <span class=\"_ _13\"> </span>2023 <span class=\"_\"> </span>the <span class=\"_\"> </span>Group <span class=\"_\"> </span>obtained <span class=\"_ _13\"> </span>a <span class=\"_\"> </span>new <span class=\"_\"> </span>debt <span class=\"_ _2f\"> </span>facility with <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>two <span class=\"_ _e\"></span>Norwegian <span class=\"_ _e\"></span>financial <span class=\"_ _e\"></span>institutions <span class=\"_ _e\"></span>DNB <span class=\"_ _e\"></span>Bank <span class=\"_ _e\"></span>and Sparebank 1 SR Bank see note 25 for further information.Note 20. Share capital and shareholder informationOrdinary shares have a nominal value of NOK 0.01 each and all provide the same rights in the Company.Share capital<span class=\"_ _e3\"> </span>Number of shares<span class=\"_ _f9\"> </span>Share price<span class=\"_ _73\"> </span>Carrying amountOrdinary shares<span class=\"_ _147\"> </span><span class=\"fca\">136 214 346<span class=\"_ _1c1\"> </span>20</span>.15<span class=\"_ _f2\"> </span>2 744 719 072The shareholders of Otovo ASA<span class=\"_ _18c\"> </span>Number of shares<span class=\"_ _211\"> </span>% TotalAxel Johnson AB<span class=\"_ _212\"> </span>27 684 07820.32%Nysn\u00f8 Klimainvesteringer AS<span class=\"_ _ad\"> </span>9 880 1757.25%Agder Energi Invest AS<span class=\"_ _213\"> </span>9 206 2406.76%Andmar Operations AS<span class=\"_ _214\"> </span>8 664 6106.36%Akershus Energi Sol AS<span class=\"_ _14d\"> </span>6 312 4204.63%BNP Paribas<span class=\"_ _215\"> </span>6 173 6224.53%OBOS BBL<span class=\"_ _216\"> </span>5 260 1803.86%Verdipapirfondet Holberg Global<span class=\"_ _207\"> </span>5 202 8203.82%Verdipapirfondet DNB Gr\u00f8nt Norden<span class=\"_ _217\"> </span>4 172 4613.06%Altitude Capital AS<span class=\"_ _14a\"> </span>3 090 0812.27%Citibank Europe plc<span class=\"_ _182\"> </span>2 861 6062.10%Verdipapirfondet KLP Aksjenorge<span class=\"_ _218\"> </span>2 669 1381.96%Simvest AS<span class=\"_ _102\"> </span>2 631 2881.93%Morgan Stanley &amp; Co. Int. Plc.<span class=\"_ _219\"> </span>2 277 3201.67%Beacon Group AS<span class=\"_ _21a\"> </span>2 167 1001.59%J.P. Morgan SE<span class=\"_ _17f\"> </span>1 898 3201.39%Morgan Stanley &amp; Co. LLC<span class=\"_ _21b\"> </span>1 613 8761.18%Verdipapirfondet DNB SMB<span class=\"_ _17b\"> </span>1 512 6051.11%Pictet &amp; Cie (Europe) S.A.<span class=\"_ _21c\"> </span>1 506 1151.11%CAK AS<span class=\"_ _21d\"> </span>1 175 0060.86%Remaining shareholders (less than 1%)<span class=\"_ _21e\"> </span>30 255 28522.21%Showing holdings as of 31 December 2022Updated list of shareholders can be found at investor.otovo.com/stock-infoNote 21. Related party transactionsAmounts in NOK thousandRelated <span class=\"_ _10\"></span>parties <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>defined <span class=\"_ _10\"></span>as <span class=\"_ _12\"></span>entities <span class=\"_ _12\"></span>outside <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Otovo <span class=\"_ _12\"></span>Group <span class=\"_ _10\"></span>that <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>under <span class=\"_ _10\"></span>control <span class=\"_ _12\"></span>(directly <span class=\"_ _10\"></span>or indirectly), <span class=\"_ _d\"> </span>joint <span class=\"_ _d\"> </span>control, <span class=\"_ _11\"> </span>significant <span class=\"_ _d\"> </span>influence <span class=\"_ _d\"> </span>by <span class=\"_ _d\"> </span>Otovo. <span class=\"_ _11\"> </span>Equity <span class=\"_ _d\"> </span>accounted <span class=\"_ _d\"> </span>companies <span class=\"_ _d\"> </span>are <span class=\"_ _11\"> </span>also considered as related parties.The <span class=\"_ _10\"></span>investment <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>Holu <span class=\"_ _10\"></span>has <span class=\"_ _10\"></span>been <span class=\"_ _10\"></span>reclassified <span class=\"_ _10\"></span>from <span class=\"_ _10\"></span>investments <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>associated <span class=\"_ _10\"></span>companies <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>assets held for sale in accordance with IFRS 5.  The <span class=\"_ _d\"> </span>following <span class=\"_ _d\"> </span>amounts <span class=\"_ _11\"> </span>from <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>consolidated <span class=\"_ _d\"> </span>statement <span class=\"_ _11\"> </span>of <span class=\"_ _d\"> </span>profit <span class=\"_ _d\"> </span>and <span class=\"_ _d\"> </span>loss, <span class=\"_ _11\"> </span>if <span class=\"_ _d\"> </span>any, <span class=\"_ _d\"> </span>relates <span class=\"_ _11\"> </span>to transaction with related parties throughout the current financial year:Consolidated statement of profit and loss<span class=\"_ _1dd\"> </span>2022<span class=\"_ _9c\"> </span>2021Sale to EDEA (during the period it was associated company)<span class=\"_ _21f\"> </span>-<span class=\"_ _71\"> </span>56 642Sale to Holu<span class=\"_ _220\"> </span>1 147<span class=\"_ _121\"> </span>353Total revenues<span class=\"_ _201\"> </span>1 147<span class=\"_ _ba\"> </span>56 995Consolidated statement of financial position<span class=\"_ _1ab\"> </span>31 Dec 2022<span class=\"_ _5d\"> </span>31 Dec 2021Trade Receivables<span class=\"_ _221\"> </span>1 021<span class=\"_ _146\"> </span>-Other receivables and prepayments<span class=\"_ _f1\"> </span>278<span class=\"_ _121\"> </span>353Other current liabilities<span class=\"_ _222\"> </span>-<span class=\"_ _146\"> </span>-Net balances with related parties<span class=\"_ _c5\"> </span>1 299<span class=\"_ _8c\"> </span>353Note 22. Business combinationsAmounts in NOK thousandDuring <span class=\"_ _12\"></span>2021 <span class=\"_ _12\"></span>Otovo <span class=\"_ _12\"></span>ASA <span class=\"_ _14\"></span>increased <span class=\"_ _12\"></span>its <span class=\"_ _12\"></span>investment <span class=\"_ _12\"></span>in <span class=\"_ _14\"></span>European <span class=\"_ _12\"></span>Distributed <span class=\"_ _12\"></span>Energy <span class=\"_ _12\"></span>Assets <span class=\"_ _12\"></span>Holding <span class=\"_ _14\"></span>AS (EDEA) <span class=\"_ _13\"> </span>from <span class=\"_\"> </span>18.75% <span class=\"_ _1d\"> </span>to <span class=\"_\"> </span>88.43% <span class=\"_ _1d\"> </span>and <span class=\"_\"> </span>gained <span class=\"_ _1d\"> </span>control <span class=\"_\"> </span>of <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>company. <span class=\"_\"> </span>European <span class=\"_ _1d\"> </span>Distributed <span class=\"_\"> </span>Energy Assets <span class=\"_ _10\"></span>Holding <span class=\"_ _10\"></span>AS <span class=\"_ _12\"></span>was <span class=\"_ _10\"></span>merged <span class=\"_ _10\"></span>with <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>ASA <span class=\"_ _12\"></span>during <span class=\"_ _10\"></span>2022 <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>after <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>merger <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>ASA <span class=\"_ _12\"></span>holds 100% of the shares in European Distributed Energy Assets Midco AS.Due to <span class=\"_ _e\"></span>relatively low capital <span class=\"_ _e\"></span>intensity in acquisitions <span class=\"_ _e\"></span>other than the <span class=\"_ _e\"></span>value of customer <span class=\"_ _e\"></span>contracts and intellectual <span class=\"_ _10\"></span>property, <span class=\"_ _10\"></span>acquisitions <span class=\"_ _12\"></span>within <span class=\"_ _10\"></span>this <span class=\"_ _10\"></span>sector <span class=\"_ _12\"></span>will <span class=\"_ _10\"></span>typically <span class=\"_ _10\"></span>result <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>relatively <span class=\"_ _12\"></span>large <span class=\"_ _10\"></span>goodwill balance. <span class=\"_ _1d\"> </span>This <span class=\"_ _1d\"> </span>goodwill <span class=\"_ _1d\"> </span>balance <span class=\"_ _1d\"> </span>represents <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>surplus <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>purchase <span class=\"_ _1d\"> </span>price <span class=\"_ _1d\"> </span>compared <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>the accounting <span class=\"_ _e\"></span>value <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>net <span class=\"_ _e\"></span>fixed <span class=\"_ _10\"></span>and <span class=\"_ _e\"></span>intangible <span class=\"_ _10\"></span>assets <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>acquired <span class=\"_ _10\"></span>company. <span class=\"_ _e\"></span>Goodwill <span class=\"_ _10\"></span>can <span class=\"_ _e\"></span>be explained <span class=\"_ _e\"></span>by the <span class=\"_ _e\"></span>value associated <span class=\"_ _e\"></span>with <span class=\"_ _e\"></span>the skills <span class=\"_ _e\"></span>and know-how <span class=\"_ _e\"></span>of acquired <span class=\"_ _e\"></span>company\u2019s <span class=\"_ _e\"></span>employees, new <span class=\"_ _e\"></span>customers <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>potential extensions <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>existing <span class=\"_ _e\"></span>relationships. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>goodwill <span class=\"_ _e\"></span>represents expected synergies both on revenue and expenses and increased market share, and it is not tax deductible.Assets <span class=\"_\"> </span>identified <span class=\"_\"> </span>includes <span class=\"_\"> </span>present <span class=\"_\"> </span>value <span class=\"_\"> </span>of <span class=\"_\"> </span>customer <span class=\"_\"> </span>contracts. <span class=\"_\"> </span>Which <span class=\"_ _45\"> </span>has <span class=\"_ _45\"> </span>been <span class=\"_ _45\"> </span>calculated <span class=\"_\"> </span>as present <span class=\"_ _14\"> </span>value <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>future <span class=\"_ _14\"> </span>customer <span class=\"_ _14\"> </span>payments <span class=\"_ _1d\"> </span>less <span class=\"_ _14\"> </span>operation <span class=\"_ _14\"> </span>&amp; <span class=\"_ _14\"> </span>maintenance <span class=\"_ _14\"> </span>costs, <span class=\"_ _1d\"> </span>upfront <span class=\"_ _14\"> </span>system COGS, tax and future SG&amp;A for systems already sold or installed. The <span class=\"_\"> </span>exclusivity <span class=\"_ _13\"> </span>agreement <span class=\"_\"> </span>between <span class=\"_\"> </span>Otovo <span class=\"_ _2f\"> </span>and <span class=\"_\"> </span>EDEA <span class=\"_ _13\"> </span>valid <span class=\"_\"> </span>until <span class=\"_\"> </span>2023 <span class=\"_ _2f\"> </span>has <span class=\"_\"> </span>been <span class=\"_ _13\"> </span>valued <span class=\"_\"> </span>with <span class=\"_\"> </span>the abovementioned <span class=\"_ _10\"></span>approached, <span class=\"_ _12\"></span>based <span class=\"_ _12\"></span>on <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>expected <span class=\"_ _10\"></span>future <span class=\"_ _12\"></span>customer <span class=\"_ _12\"></span>contracts <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>be <span class=\"_ _10\"></span>originated and delivered under the exclusivity agreement  in 2022 and 2023. Fixed assets is the book value of systems installed as of closing of the transaction.Allocation of purchase priceTransaction detailsAcquiring company<span class=\"_ _223\"> </span>Otovo ASAAcquisition date<span class=\"_ _1d7\"> </span>8.12.2021Country<span class=\"_ _224\"> </span>NorwayCurrency<span class=\"_ _225\"> </span>NOKVoting rights / ownership interest before acquisition<span class=\"_ _175\"> </span>18.75%Voting rights / ownership interest after acquisition<span class=\"_ _226\"> </span>88.43%Consideration transferred in form of Otovo shares (NOK)<span class=\"_ _227\"> </span>189,414,86069.68% of Total identifiable net assets acquired (NOK, see table below)<span class=\"_ _228\"> </span>143,516,711Identified assets acquired and liabilities assumedCustomer contracts<span class=\"_ _1cf\"> </span>21 440Exclusivity agreement<span class=\"_ _1ba\"> </span>59 675Fixed assets<span class=\"_ _229\"> </span>64 950Trade receivables<span class=\"_ _22a\"> </span>900Other short-term receivables<span class=\"_ _22b\"> </span>10 874Cash and cash equivalent<span class=\"_ _137\"> </span>78 602Total assets<span class=\"_ _22c\"> </span>236 442Deferred tax liability<span class=\"_ _22d\"> </span>17 845Current liabilities<span class=\"_ _22e\"> </span>12 631Total liabilities<span class=\"_ _22f\"> </span>30 476Total identifiable net assets acquired<span class=\"_ _1f7\"> </span>205 965Consideration transferred (for 69.68% of shares)<span class=\"_ _230\"> </span>189 415Fair value of previous equity interest (18.75%)<span class=\"_ _231\"> </span>50 969Amount of non-controlling interest (11.57%)<span class=\"_ _232\"> </span>31 451Fair value 100%<span class=\"_ _1d8\"> </span><span class=\"ff4\">271 835</span>Fair value of identifiable net assets (100%)<span class=\"_ _233\"> </span>205 965Goodwill<span class=\"_ _234\"> </span>65 870Book value of investment in EDEA before acquisition<span class=\"_ _175\"> </span>26 322Calculated value of 18.75% of shares at acquisition date<span class=\"_ _214\"> </span>50 969Acquisition gain in Otovo Group<span class=\"_ _ae\"> </span>24 647Note 23. Contracted future subscription paymentsAmounts in NOK thousandSubscription <span class=\"_ _13\"> </span>customers <span class=\"_ _13\"> </span>enters <span class=\"_ _13\"> </span>into <span class=\"_ _13\"> </span>a <span class=\"_ _2f\"> </span>20 <span class=\"_ _13\"> </span>year <span class=\"_ _13\"> </span>contract <span class=\"_ _13\"> </span>for <span class=\"_ _13\"> </span>PV <span class=\"_ _2f\"> </span>systems, <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>10 <span class=\"_ _13\"> </span>year <span class=\"_ _13\"> </span>contract <span class=\"_ _2f\"> </span>for batteries, <span class=\"_ _14\"> </span>paying <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>monthly <span class=\"_ _1d\"> </span>price <span class=\"_ _14\"> </span>that <span class=\"_ _14\"> </span>is <span class=\"_ _1d\"> </span>adjusted <span class=\"_ _14\"> </span>for <span class=\"_ _14\"> </span>inflation <span class=\"_ _14\"> </span>annually. <span class=\"_ _1d\"> </span>The <span class=\"_ _14\"> </span>existing <span class=\"_ _14\"> </span>subscription customers <span class=\"_ _e\"></span>are <span class=\"_ _e\"></span>contracted <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>pay <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>subscription <span class=\"_ _e\"></span>SPV <span class=\"_ _e\"></span>NOK <span class=\"_ _10\"></span>492m <span class=\"_ _e\"></span>over <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>next <span class=\"_ _10\"></span>20 <span class=\"_ _e\"></span>years, <span class=\"_ _e\"></span>assuming 2% <span class=\"_ _13\"> </span>annual <span class=\"_ _13\"> </span>inflation <span class=\"_ _2f\"> </span>for <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>remainder <span class=\"_ _2f\"> </span>of <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>contract <span class=\"_ _2f\"> </span>period, <span class=\"_ _13\"> </span>without <span class=\"_ _13\"> </span>accounting <span class=\"_ _2f\"> </span>for <span class=\"_ _13\"> </span>churn. <span class=\"_ _13\"> </span>The customer <span class=\"_\"> </span>has <span class=\"_ _19\"> </span>the <span class=\"_\"> </span>right <span class=\"_ _19\"> </span>to <span class=\"_ _45\"> </span>purchase <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>solar <span class=\"_\"> </span>panel <span class=\"_ _19\"> </span>installation <span class=\"_\"> </span>during <span class=\"_ _19\"> </span>the <span class=\"_ _45\"> </span>contract <span class=\"_ _19\"> </span>period <span class=\"_ _45\"> </span>at residual value, which is considered to <span class=\"_ _e\"></span>be above market value, or at the end of the <span class=\"_ _e\"></span>contract period at market <span class=\"_ _14\"> </span>value. <span class=\"_ _1d\"> </span>Dismantling <span class=\"_ _1d\"> </span>expenses <span class=\"_ _1d\"> </span>at <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>end <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>contract <span class=\"_ _1d\"> </span>period <span class=\"_ _1d\"> </span>are <span class=\"_ _1d\"> </span>to <span class=\"_ _14\"> </span>be <span class=\"_ _1d\"> </span>covered <span class=\"_ _1d\"> </span>by <span class=\"_ _1d\"> </span>the customer.Subscriptions <span class=\"_ _d\"> </span>customers <span class=\"_ _d\"> </span>have <span class=\"_ _d\"> </span>20 <span class=\"_ _d\"> </span>year <span class=\"_ _d\"> </span>guarantees <span class=\"_ _d\"> </span>for <span class=\"_ _11\"> </span>PV <span class=\"_ _19\"> </span>systems, <span class=\"_ _d\"> </span>10 <span class=\"_ _d\"> </span>years <span class=\"_ _11\"> </span>for <span class=\"_ _19\"> </span>batteries, <span class=\"_ _d\"> </span>the guarantee <span class=\"_ _e\"></span>is <span class=\"_ _10\"></span>related <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>performance <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>assets <span class=\"_ _e\"></span>held <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>maintained <span class=\"_ _10\"></span>by <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>Group. <span class=\"_ _10\"></span>The <span class=\"_ _10\"></span>Group\u2019s share <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>repair <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>replacement <span class=\"_ _e\"></span>costs <span class=\"_ _e\"></span>will <span class=\"_ _e\"></span>be expensed <span class=\"_ _e\"></span>as <span class=\"_ _e\"></span>they <span class=\"_ _e\"></span>occur, <span class=\"_ _e\"></span>if <span class=\"_ _e\"></span>not <span class=\"_ _e\"></span>covered <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>warranties from hardware producers or installation partners. 202420262031EDEA Contracted customer payments<span class=\"_ _12d\"> </span>NPV<span class=\"_ _87\"> </span>2023Total-2025-2030-2042Non-discounted contracted  <span class=\"_ _5d\"> </span>22 216<span class=\"_ _46\"> </span>45 769<span class=\"_ _8\"> </span>122 677<span class=\"_ _20\"> </span>301 390<span class=\"_ _29\"> </span><span class=\"ff3\">492 052</span>customer payments assuming 2% annual inflation adjustmentsNPV at 5% discount rate<span class=\"_ _1c1\"> </span><span class=\"ff3\">305 387<span class=\"_ _1cc\"> </span></span> <span class=\"_ _128\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _128\"> </span> <span class=\"_ _128\"> </span> Note 24. Earnings per shareAmounts in NOK thousandBasic <span class=\"_ _14\"> </span>earnings <span class=\"_ _1d\"> </span>per <span class=\"_ _14\"> </span>share <span class=\"_ _1d\"> </span>amounts <span class=\"_ _14\"> </span>are <span class=\"_ _1d\"> </span>calculated <span class=\"_ _1d\"> </span>by <span class=\"_ _14\"> </span>dividing <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>profit <span class=\"_ _1d\"> </span>after <span class=\"_ _14\"> </span>tax <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>year attributable <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>ordinary <span class=\"_ _10\"></span>shareholders <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>parent <span class=\"_ _10\"></span>company <span class=\"_ _e\"></span>by <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>weighted <span class=\"_ _e\"></span>average <span class=\"_ _10\"></span>number of ordinary shares outstanding during the year.Diluted <span class=\"_ _12\"></span>earnings <span class=\"_ _12\"></span>per <span class=\"_ _12\"></span>share <span class=\"_ _10\"></span>amounts <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>calculated <span class=\"_ _12\"></span>by <span class=\"_ _12\"></span>dividing <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>profit <span class=\"_ _12\"></span>after <span class=\"_ _12\"></span>tax <span class=\"_ _10\"></span>for <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>year attributable <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>ordinary <span class=\"_ _10\"></span>shareholders <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>parent <span class=\"_ _10\"></span>company <span class=\"_ _e\"></span>by <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>weighted <span class=\"_ _e\"></span>average <span class=\"_ _10\"></span>number of <span class=\"_ _10\"></span>ordinary <span class=\"_ _10\"></span>shares <span class=\"_ _10\"></span>outstanding <span class=\"_ _10\"></span>during <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>year, <span class=\"_ _10\"></span>plus <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>weighted <span class=\"_ _10\"></span>average <span class=\"_ _12\"></span>number <span class=\"_ _e\"></span>of <span class=\"_ _12\"></span>ordinary shares <span class=\"_ _1d\"> </span>that <span class=\"_ _1d\"> </span>would <span class=\"_ _1d\"> </span>be <span class=\"_ _13\"> </span>issued <span class=\"_ _1d\"> </span>on <span class=\"_ _1d\"> </span>conversion <span class=\"_ _13\"> </span>of <span class=\"_ _1d\"> </span>all <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>potentially <span class=\"_ _13\"> </span>dilutive <span class=\"_ _1d\"> </span>ordinary <span class=\"_ _1d\"> </span>shares <span class=\"_ _13\"> </span>into ordinary shares.The <span class=\"_ _e\"></span>following reflects <span class=\"_ _e\"></span>the profit <span class=\"_ _e\"></span>and share <span class=\"_ _e\"></span>data used <span class=\"_ _e\"></span>in the <span class=\"_ _e\"></span>basic <span class=\"_ _e\"></span>and diluted <span class=\"_ _e\"></span>earnings per <span class=\"_ _e\"></span>share computations. Earnings <span class=\"_ _e\"></span>per share and <span class=\"_ _e\"></span>number of shares <span class=\"_ _e\"></span>(both years) outstanding <span class=\"_ _e\"></span>is updated to reflect split of 10 completed at listing on Euronext Growth in February 2021. <span class=\"_ _235\"> </span><span class=\"ff3\">2022<span class=\"_ _7d\"> </span>2021</span>Profit/(loss) after tax attributable to parent company shareholders<span class=\"_ _7c\"> </span>-309 498<span class=\"_ _9b\"> </span>-153 612Number of shares outstanding at 1 January<span class=\"_ _e6\"> </span>114 273 977<span class=\"_ _3f\"> </span>83 066 905New shares issued during the year<span class=\"_ _236\"> </span>21 940 369<span class=\"_ _b\"> </span>31 207 072Number of shares outstanding at 31 December<span class=\"_ _9e\"> </span>136 214 346<span class=\"_ _40\"> </span>114 273 977Weighted average number of shares during the year<span class=\"_ _237\"> </span>125 244 162<span class=\"_ _22\"> </span>93 553 324Earnings per share (in NOK)<span class=\"_ _1f7\"> </span> <span class=\"_ _df\"> </span> Basic<span class=\"_ _238\"> </span>\u22122,47<span class=\"_ _1a4\"> </span>\u22121,64Diluted<span class=\"_ _239\"> </span>\u22122,47<span class=\"_ _1a4\"> </span>\u22121,64Effect <span class=\"_ _e\"></span>of dilution <span class=\"_ _e\"></span>is 0 <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>both years <span class=\"_ _e\"></span>as <span class=\"_ _e\"></span>the Group <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>reporting a <span class=\"_ _e\"></span>loss after <span class=\"_ _e\"></span>tax. <span class=\"_ _e\"></span>Performance shares, retention <span class=\"_ _12\"></span>share <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>share <span class=\"_ _12\"></span>options <span class=\"_ _12\"></span>granted <span class=\"_ _10\"></span>could <span class=\"_ _12\"></span>potentially <span class=\"_ _12\"></span>dilute <span class=\"_ _12\"></span>basic <span class=\"_ _12\"></span>earnings <span class=\"_ _10\"></span>per <span class=\"_ _12\"></span>share <span class=\"_ _12\"></span>in the future. Refer to note 7 for further details about these shares and optionsNote 25. Events after the reporting periodDebt and equity financing, and uplisting to the main list on Oslo B\u00f8rsOn <span class=\"_ _1c\"> </span>25 <span class=\"_ _1c\"> </span>January <span class=\"_ _1c\"> </span>2023, <span class=\"_ _1c\"> </span>Otovo <span class=\"_ _1c\"> </span>announced <span class=\"_ _1c\"> </span>the <span class=\"_ _57\"> </span>successful <span class=\"_ _1c\"> </span>refinancing <span class=\"_ _1c\"> </span>of <span class=\"_ _1c\"> </span>the Company's <span class=\"_ _10\"></span>subscription <span class=\"_ _12\"></span>asset <span class=\"_ _12\"></span>special <span class=\"_ _10\"></span>purpose <span class=\"_ _12\"></span>vehicle <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>up <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>NOK <span class=\"_ _10\"></span>1.1 <span class=\"_ _12\"></span>billion <span class=\"_ _12\"></span>of debt, <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>a <span class=\"_ _12\"></span>fully <span class=\"_ _12\"></span>guaranteed <span class=\"_ _12\"></span>NOK <span class=\"_ _12\"></span>200 <span class=\"_ _12\"></span>million <span class=\"_ _10\"></span>equity <span class=\"_ _12\"></span>financing. <span class=\"_ _12\"></span>The <span class=\"_ _12\"></span>debt <span class=\"_ _12\"></span>facility consists <span class=\"_ _1a\"> </span>of <span class=\"_ _1f\"> </span>EUR <span class=\"_ _1a\"> </span>50 <span class=\"_ _1f\"> </span>million <span class=\"_ _1a\"> </span>revolving <span class=\"_ _1f\"> </span>credit <span class=\"_ _1a\"> </span>facility <span class=\"_ _1a\"> </span>with <span class=\"_ _1f\"> </span>EUR <span class=\"_ _1a\"> </span>50 <span class=\"_ _1f\"> </span>million uncommitted <span class=\"_ _1d\"> </span>accordion <span class=\"_ _13\"> </span>option <span class=\"_ _13\"> </span>with <span class=\"_ _13\"> </span>DNB <span class=\"_ _13\"> </span>Bank <span class=\"_ _1d\"> </span>ASA <span class=\"_ _13\"> </span>and <span class=\"_ _13\"> </span>Sparebank <span class=\"_ _13\"> </span>1 <span class=\"_ _13\"> </span>SR-bank ASA. <span class=\"_ _1d\"> </span>Due <span class=\"_ _1d\"> </span>to <span class=\"_ _1d\"> </span>significant <span class=\"_ _1d\"> </span>interest, <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>private <span class=\"_ _1d\"> </span>placement <span class=\"_ _1d\"> </span>was <span class=\"_ _1d\"> </span>extended <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>up <span class=\"_ _1d\"> </span>to NOK <span class=\"_ _e\"></span>250 <span class=\"_ _10\"></span>million, <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>private <span class=\"_ _e\"></span>placement <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>NOK <span class=\"_ _10\"></span>250 <span class=\"_ _10\"></span>million <span class=\"_ _e\"></span>was <span class=\"_ _10\"></span>successfully placed <span class=\"_ _12\"></span>later <span class=\"_ _12\"></span>that <span class=\"_ _14\"></span>day <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>approved <span class=\"_ _12\"></span>at <span class=\"_ _14\"></span>an <span class=\"_ _12\"></span>extraordinary <span class=\"_ _12\"></span>general <span class=\"_ _12\"></span>meeting <span class=\"_ _14\"></span>on <span class=\"_ _12\"></span>9 February 2023. On <span class=\"_\"> </span>7 <span class=\"_\"> </span>February, <span class=\"_\"> </span>Otovo <span class=\"_\"> </span>sent <span class=\"_\"> </span>an <span class=\"_\"> </span>application <span class=\"_\"> </span>for <span class=\"_\"> </span>transfer <span class=\"_\"> </span>of <span class=\"_\"> </span>shares <span class=\"_\"> </span>admitted <span class=\"_\"> </span>to trading on Euronext Growth to Oslo B\u00f8rs. This was in line with the intentions <span class=\"_ _e\"></span>made by <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>Board <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>Directors <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>February <span class=\"_ _e\"></span>2022 <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>uplist <span class=\"_ _10\"></span>to <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>main <span class=\"_ _10\"></span>list <span class=\"_ _e\"></span>on <span class=\"_ _10\"></span>Oslo <span class=\"_ _e\"></span>B\u00f8rs. Oslo <span class=\"_ _10\"></span>B\u00f8rs <span class=\"_ _12\"></span>approved <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>application <span class=\"_ _10\"></span>on <span class=\"_ _12\"></span>10 <span class=\"_ _10\"></span>February <span class=\"_ _12\"></span>2023. <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>was <span class=\"_ _12\"></span>transferred to the main list on 14 February 2023. Sale of HoluOtovo <span class=\"_ _e\"></span>announced <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>21 December <span class=\"_ _e\"></span>2022 <span class=\"_ _e\"></span>that <span class=\"_ _e\"></span>Gera <span class=\"_ _e\"></span>acquired <span class=\"_ _e\"></span>Otovo's <span class=\"_ _e\"></span>share of <span class=\"_ _e\"></span>the associated <span class=\"_ _e\"></span>company <span class=\"_ _e\"></span>Holu <span class=\"_ _10\"></span>in <span class=\"_ _e\"></span>Brazil. <span class=\"_ _10\"></span>The <span class=\"_ _e\"></span>contract <span class=\"_ _10\"></span>was <span class=\"_ _e\"></span>signed <span class=\"_ _10\"></span>on <span class=\"_ _e\"></span>2 <span class=\"_ _e\"></span>February <span class=\"_ _10\"></span>2023 and <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>sale <span class=\"_ _12\"></span>closed <span class=\"_ _10\"></span>on <span class=\"_ _10\"></span>3 <span class=\"_ _10\"></span>February <span class=\"_ _12\"></span>2023. <span class=\"_ _10\"></span>The <span class=\"_ _10\"></span>sale <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>Holu <span class=\"_ _10\"></span>will <span class=\"_ _10\"></span>result <span class=\"_ _10\"></span>in <span class=\"_ _12\"></span>a <span class=\"_ _10\"></span>gain <span class=\"_ _10\"></span>on disposal <span class=\"_ _12\"></span>of <span class=\"_ _14\"></span>associated <span class=\"_ _12\"></span>company <span class=\"_ _12\"></span>of <span class=\"_ _14\"> </span>approx. <span class=\"_ _12\"></span>NOK <span class=\"_ _14\"></span>17 <span class=\"_ _12\"></span>million <span class=\"_ _14\"></span>with <span class=\"_ _12\"></span>a <span class=\"_ _12\"></span>positive <span class=\"_ _14\"> </span>cash effect of NOK 24 million to be reported in Q1 2023.Change in the Italian Ecobonus programThe <span class=\"_ _e\"></span>Italian <span class=\"_ _e\"></span>Government <span class=\"_ _e\"></span>passed <span class=\"_ _10\"></span>a <span class=\"_ _e\"></span>regulation <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>16 <span class=\"_ _e\"></span>February <span class=\"_ _10\"></span>2023. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>regulation removes <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>Italian <span class=\"_ _19\"> </span>consumer's <span class=\"_ _19\"> </span>possibility <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>sell <span class=\"_ _19\"> </span>tax <span class=\"_ _19\"> </span>credits <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>third <span class=\"_ _19\"> </span>parties obtained <span class=\"_ _e\"></span>from <span class=\"_ _e\"></span>home <span class=\"_ _10\"></span>improvements, <span class=\"_ _e\"></span>such <span class=\"_ _10\"></span>as <span class=\"_ _e\"></span>solar <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>battery <span class=\"_ _e\"></span>installations. <span class=\"_ _10\"></span>The new <span class=\"_ _1d\"> </span>regulation <span class=\"_ _13\"> </span>came <span class=\"_ _1d\"> </span>into <span class=\"_ _13\"> </span>effect <span class=\"_ _13\"> </span>already <span class=\"_ _1d\"> </span>on <span class=\"_ _13\"> </span>17 <span class=\"_ _1d\"> </span>February <span class=\"_ _13\"> </span>2023. <span class=\"_ _13\"> </span>Before <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>new regulation, <span class=\"_ _e\"></span>consumers <span class=\"_ _e\"></span>could choose <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>settle <span class=\"_ _e\"></span>50% <span class=\"_ _e\"></span>of the <span class=\"_ _e\"></span>purchase <span class=\"_ _e\"></span>price <span class=\"_ _e\"></span>through sale <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>their <span class=\"_ _10\"></span>tax <span class=\"_ _10\"></span>credit <span class=\"_ _10\"></span>receivable. <span class=\"_ _10\"></span>This <span class=\"_ _12\"></span>was <span class=\"_ _e\"></span>chosen <span class=\"_ _12\"></span>by <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>majority <span class=\"_ _12\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _12\"></span>Italian consumers <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>fuelled <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>Italian <span class=\"_ _14\"> </span>solar <span class=\"_ _14\"> </span>market. <span class=\"_ _14\"> </span>Going <span class=\"_ _14\"> </span>forward, <span class=\"_ _14\"> </span>consumers <span class=\"_ _14\"> </span>will have to deduct the tax credits towards personal income taxes over ten years. Although <span class=\"_ _1e\"> </span>the <span class=\"_ _1c\"> </span>exact <span class=\"_ _1c\"> </span>effect <span class=\"_ _1e\"> </span>of <span class=\"_ _1c\"> </span>this <span class=\"_ _1e\"> </span>is <span class=\"_ _1c\"> </span>uncertain, <span class=\"_ _1c\"> </span>management <span class=\"_ _1e\"> </span>assesses <span class=\"_ _1c\"> </span>the situation <span class=\"_\"> </span>to <span class=\"_ _13\"> </span>have <span class=\"_\"> </span>a <span class=\"_ _13\"> </span>negative <span class=\"_\"> </span>impact <span class=\"_ _2f\"> </span>on <span class=\"_ _2f\"> </span>the <span class=\"_\"> </span>Group <span class=\"_ _13\"> </span>sales <span class=\"_\"> </span>and <span class=\"_ _13\"> </span>slow <span class=\"_\"> </span>down <span class=\"_ _2f\"> </span>the installation <span class=\"_ _11\"> </span>pace. <span class=\"_ _11\"> </span>Additionally, <span class=\"_ _1e\"> </span>the <span class=\"_ _11\"> </span>Group <span class=\"_ _1e\"> </span>may <span class=\"_ _11\"> </span>experience <span class=\"_ _1e\"> </span>a <span class=\"_ _11\"> </span>higher <span class=\"_ _1e\"> </span>rate <span class=\"_ _11\"> </span>of abandoned <span class=\"_\"> </span>projects <span class=\"_ _13\"> </span>as <span class=\"_\"> </span>there <span class=\"_ _2f\"> </span>is <span class=\"_\"> </span>uncertainty <span class=\"_ _13\"> </span>about <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>impact <span class=\"_\"> </span>on <span class=\"_ _13\"> </span>projects <span class=\"_\"> </span>in pipeline <span class=\"_ _19\"> </span>and <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>installation <span class=\"_ _19\"> </span>phase. <span class=\"_ _19\"> </span>Management <span class=\"_ _19\"> </span>believes <span class=\"_ _19\"> </span>that <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>tax <span class=\"_ _19\"> </span>credit receivable <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>the Group's <span class=\"_ _e\"></span>balance <span class=\"_ _e\"></span>sheet <span class=\"_ _e\"></span>will <span class=\"_ _e\"></span>not <span class=\"_ _e\"></span>be impacted <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>changes <span class=\"_ _e\"></span>in regulations <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>Group <span class=\"_ _14\"> </span>will <span class=\"_ _14\"></span>continue <span class=\"_ _12\"></span>to <span class=\"_ _14\"> </span>be <span class=\"_ _14\"> </span>able <span class=\"_ _14\"></span>to <span class=\"_ _12\"></span>sell <span class=\"_ _14\"> </span>these <span class=\"_ _14\"> </span>receivables <span class=\"_ _14\"></span>to Italian banks. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__7": {
   "value": "ASA",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__36": {
   "value": "revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__32": {
   "value": "Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__31": {
   "value": "Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__30": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__29": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__28": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__27": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__26": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__25": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__24": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__23": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__22": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__21": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__20": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__19": {
   "value": "Note 2. Significant accounting principlesConsolidation principlesThe consolidated financial statements present the aggregated profit and loss and financial positionof Otovo ASA, including companies that are directly or indirectly controlled by Otovo ASA. The Groupcontrols a company when it is exposed, or has rights, to variable returns from its involvement with thecompany and has the ability to affect those returns through its power over the company. In  the  instances  where  the  Group  has  controlling  interest  while  owning  less  than  100%  of  thesubsidiary, the subsidiary is still recognised with 100% line by line, while the non-controlling interest'spart of profit after tax and equity are presented as a separate line. If the Group holds less than themajority  of  the  voting  rights  of  a  company,  the  Group  may  still  have  power,  for  example  throughcontractual arrangements. Subsidiaries are fully consolidated from the date control was achieved,until the date when control was ceased. The comprehensive income for each component is assignedto the owners of the parent company and the non-controlling interests. This distribution is presentedon  separate  lines  in  the  consolidated  financial  statements.  Intercompany  transactions,  as  well  asunrealised  revenue  and  expenses  from  intercompany  transactions,  are  eliminated  in  theconsolidated financial statements. Unrealised gains or losses are eliminated to the extent in which itdoes not affect the value.Business combinations and goodwillBusiness  combinations  that  occur  after  1  January  2020  are  accounted  for  according  to  the acquisition  method  in  IFRS  3.  Under  IFRS  3,  the  considerations  are  measured  at  the  fair  value  of transferred assets,  equity and liabilities  incurred. Goodwill is  measured as the  difference between the  consideration  transferred  and  net  identifiable  assets.  Identifiable  assets,  liabilities  and contingent liabilities are calculated at fair value at the time of the acquisition. Transaction-related costs are expensed as incurred. In accordance with the optional exemptions in Appendix C of IFRS 1, acquisitions undertaken before 1 January 2020 have not been restated at transition to IFRS. For these business combinations the guidance in NGAAP has been applied, the main implication of this is that the goodwill related to the acquisition of ISWT has been amortised from the acquisition date in April 2019 until 31.12.2019, total amortised amount is NOK 7 million.The  allocation  of  the  purchase  price in business combinations may affect the  impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__58": {
   "value": "impairment  assessments  of assets,  including  goodwill,  in  future periods.Following  initial  recognition,  goodwill is  measured  at  cost  less  any accumulated  impairment  losses.  For the  purpose  of  impairment  testing, goodwill  acquired  in  a  business combination  is,  from  the  acquisition date, allocated to each of the Group\u2019s cash-generating  units  (CGU),  or groups of cash-generating units, thatare  expected  to  benefit  from  the synergies  of  the  combination, irrespective  of  whether  other  assets or liabilities of the Group are assigned to those units or groups of units.Goodwill  is  tested  for  impairment  annually,  or more  frequently  if  events  or  changes  in circumstances  indicate  that  the  carrying  value may  be  impaired,  by  comparing  the  carrying amount of the CGU, including goodwill, with the recoverable  amount  of  the  CGU.  The  Group calculates  the  recoverable  amount  of  the  CGU by determining the higher of  the fair value less cost  to  sell  and  its  value  in  use.  The  key assumption  for  the  value  in  use  calculation  is the  forecasted  cash  flows  during  the  forecast period. If the recoverable amount of the CGU is less  than  the  carrying  value  of  the  unit,  the impairment loss is  allocated  first  to  reduce  the carrying  amount  of  any  goodwill  allocated  to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each  asset  in  the  unit.  An  impairment  loss recognised  for  goodwill  is  recognised immediately  in  the  consolidated  income statement and is not reversed in a  subsequent period.Investments in associated companiesAn associated company is an entity over which the  Group  has  significant  influence.  Significant influence  is  the  power  to  participate  in  the financial  and  operating  policy  decisions  of  the investee  but  without  the  ability  to  have  control over  those  policies.  Significant  influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments  in  associated  companies  are accounted  for  using  the  equity  method,  after initially being recognized at cost.Subsequent  to  initial  recognition,  the consolidated  financial  statements  include  the Group\u2019s share  of the profit  and loss and  OCI of the associate, until the date on which significant influence  ceases  to  exist  or  the  associated company  becomes  a  subsidiary.  Adjustments are  made  where  necessary  to  bring  the accounting  policies  in  line  with  those  of  the Group.The  Group\u2019s  share  of  unrealized  gains  is eliminated  in  the  consolidated  financial statements.  Unrealized  gains  are  eliminated against  the  investment  in  accordance  with  the Group\u2019s share of ownership.Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries. RevenueOtovo  accounts  for  revenue  in  accordance  with  IFRS  15  Revenue  from  Contracts  with Customers and IFRS 16 Leases.The Group\u2019s revenue streams can be broken down as follows:Revenues from leases (lessor)The Group enters into 10 year subscription contracts with customers for their use of standard, mass  produced  home  batteries  installed  at  their  premises.  The  batteries  are  guaranteed  by the hardware producers to have 70-80% of original capacity at the end of the lease, and the estimated  useful  life  of  a  home  battery  is  15  years  or  more.  The  customer  has  the  right  to purchase the battery  during the contract  period at residual  value, which is  considered to be above  market  value,  or  at  the  end  of  the  contract  period  at  market  value.  Dismantling expenses at the end of the contract period are to be covered by the customer.Otovo has concluded that the Group has not transferred substantially all the risks and rewards incidental to ownership of the batteries and has classified the  subscription contracts for home batteries  as  operating  leases.  Operating  lease  payments  are  recognised    as  income  on  a straight-line basis in accordance with IFRS 16. Revenues from leases are reported in the Group\u2019s subscription segment.Revenue from contracts with customersRevenues from contracts with customers primarily comprise sale of\u2022 Goods: solar systems  and related products such as batteries\u2022 Services: subscriptions relating to use of solar systemsIn addition to selling solar systems the Group enters into 20 year subscription contracts with customers for  their use of  standard, mass  produced solar panels  installed at  their  premises. The estimated useful life of solar panels is 30-40  years or more. The customer has the right to purchase  the  solar  panel  installation  during  the  contract  period  at  residual  value,  which  is considered to be above market  value,  or  at  the  end  of  the  contract period at market value. Dismantling expenses at the end of the contract period are to be covered by the customer.All major components of the solar panels installed  are standardised, i.e. there is no tailor made solution that works only with that specific house or on that specific roof. The solar panels are guaranteed  by  the  hardware  producers  to  have  no  malfunctions  in  12-15  years,  and  have  a performance  warranty  of  25  years.  The  customer  can  choose  amongst  different  panels standards  but  is  not  able  to  direct  how  and  for  what  purpose  the  solar  panel  installation  is used throughout the period of use. The Group has chosen to classify these contracts as service agreements in accordance with IFRS 15.When the Group enters into an agreement with a customer, the goods and services promised in  the  contract  are  identified  as  separate  performance  obligations  to  the  extent  that  the customer  can  benefit  from  the  goods  or  services  either  on  their  own  or  together  with  other resources  that  are  readily  available  to  the  customer,  and  that  the  goods  and  services  are separately  identifiable  from  other  promises  in  the  contract.  Goods  and  services  that  do  not meet  the  criteria  to  be  identified  as  separate  performance  obligations  are  aggregated  with other  goods  and/or  services  in  the  agreement,  until  a  separate  performance  obligation  is identified. Otovo\u2019s contracts with customers are for installation of a complete system of solar panels and related products, as well as subscription services for the use of solar panels. It is not possible  to  purchase  neither  the  solar  panels  nor  the  installation  services  separately  from Otovo and the solar panels are first delivered to the customer when the installation starts. The solar panels  and the installation are highly interrelated  as the customer can not benefit from either the solar panels or the installation in isolation.The Group provides standard guarantees for the period of up to 10 years from installation of the solar  panels.  These  are  guarantees  that  are  either  mandatory  or  expected  by  the  customer and not a product that could have been sold separately, hence Otovo has concluded that the guarantee is not a separate performance obligation.The Group determines the transaction price to be the amount of consideration which it expects to be entitled in exchange for transferring the promised goods and services to the customer, net  of  discounts  and  sales  related  taxes.  Sales  related  taxes  are  regarded  as  collected  on behalf  of  the  authorities.  The  Group  adjusts  the  transaction  price  for  a  significant  financing component  if,  at  contract  inception,  the  expected  period  between  the  transfer  of  a  good  or service to the customer and when the customer pays for that good or service is more than one year,  unless  the  timing  of  the  transfer  of  those  goods  or  services  is  at  the  discretion  of  the customer (i.e. prepaid services). Prepayments are used in some markets to reduce credit risk. Due  to  the  short  time  lag  between  prepayment  and  transfer  of  ownership  the  Group  has concluded that the contract does not include a financing arrangement. In some of the Group\u2019s markets  parts  of  the  settlement  from  the  customer  is  through  non-cash  consideration,  the non- cash consideration is recognised at fair value at the transaction date. Payment terms are ranging from a few days to a few weeks, varying from market to market.New  contracts  are  created  for  any  modifications  after  installation,  this  is  invoiced  and recognised in revenues separately.Revenue  is  recognised  when  the  respective performance  obligations  in  the  contract  are satisfied  and  payment  remains  probable. Revenue  from  sales  of  solar  panels  and batteries  is  recognised  at  the  point  in  time when the solar panel installation is completed and the  related significant  risks and rewards of  ownership  is  transferred  to  the  customer. Revenue  from  the  provision  of  services  is generally  recognised  over  time  when  or  as the Group performs the related service during the agreed service period.When  another  party  is  involved  in  providing goods  or  services  to  a  customer,  the  Group evaluates  whether  it  has  an  obligation  to provide  the  specified goods or services itself (i.e. the Group is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the Group is an agent). Where  the  Group  acts  as  a  principal,  the  revenues are  recognised  on  a  gross  basis  with  any related  expenses  charged  as  costs.  Where the Group acts as an agent, the expenses are offset against the revenues and the resulting net  revenues  represent  the  margins  or commissions earned for providing services in the  capacity  of  an  agent.  Solar  panel installations  are  performed  by  a  significant number  of  partners  registered  on  Otovo\u2019s digital platform, though as it is the Group that has the primary responsibility for fulfilling the promise towards the customer revenues from installation  of  solar  panels  are  recognised gross in the income statement. The revenues from the broker model in the French business were  recognised  as  agent  revenues.  The broker model was discontinued during 2021.Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Financial income and expensesInterest income or expense is recognised using the effective interest method.Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Accounts payables and other payablesPayables  are  recognised  when  the counterparty  has  performed  and  there  is  a contractual  obligation  on  the  Group  to  pay, even  if  an  invoice  has  not  yet  been  received. Accounts  payable  are  recognised  when  an invoice has been received. Accounts and other payables  are  recognised  initially  at  fair  value and subsequently measured at amortised cost. The  anticipated  maturity  of  these  payables  is short,  so  their  carrying  values  are  not discounted.InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula. Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.Note 3. Use of estimates and judgementThe  Group  consolidated  financial  statements  are  prepared  on  the  basis  of  uniform  accounting principles for similar transactions and events. Unless otherwise stated the accounting policies as set out above have been consistently applied to all reporting periods presented. Presentation and classification of items in the financial statements is also consistent for the periods presented.The preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of estimation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjustment to the carrying amounts of assets or liabilities in future periods.Key  sources  of  estimation  uncertainty  and  critical  judgements  are  continually  evaluated  and updated  based  on  expectations  about  future  events  that  are  believed  by  Management  to  be reasonable under the circumstances.When applying the Group\u2019s accounting policies, Management has made the following judgements, which  have  the  most  significant  effect  on  the  amounts  recognised  in  the  consolidated  financial statements.Areas where the use of assumptions and estimates are significant for the Group Accounts.ImpairmentThe Group has made significant investments in property, plant and equipment, intangible assets, goodwill,  associates  and  other  investments.  Goodwill,  intangible  assets  with  indefinite  useful  life and intangible assets not yet in use are tested for impairment annually or more often if indicators of  impairment  exist,  where-  as  other  assets  are  tested  for  impairment  when  circumstances indicate  there  may  be  a  potential  impairment.  Factors  that  indicate  impairment  which  trigger impairment  testing  include  the  following:  significant  fall  in  market  values;  significant underperformance relative to historical or projected future operating results; significant changes in the use of the assets or the strategy for the overall business, including assets that are decided to be phased out or replaced and assets that are damaged or taken out of use; significant negative industry or economic trends; significant loss of market share; significant adverse political and/ or regulatory development.In accordance  with  IAS 36  Impairment  of assets the  recoverable  amounts  of  assets  and companies is the higher of value in use and fair value  less  cost  of  disposal.  Value  in  use, particularly when discounted cash flow methods are  used,  involves  management  judgement. There  is  estimation  uncertainty,  complexity  and subjectivity  related  to  the  value  in  use determination,  including  determining appropriate  cash-generating  units,  determining the discount rate, estimating future performance, revenue  generating  capacity  of  the  assets, margins,  political  and  regulatory  risk,  required maintenance  capex,  technological developments,  and  assumptions  of  the  future market  conditions.  In  some  markets,  certain expenses and capex are denominated in foreign currency and impacted by currency fluctuations. Recessionary  effects  and  increased macroeconomic risks may impact the estimates of growth, future performance and discount rates used  in  estimating  recoverable  amounts  of assets.  Discount  rates  are  impacted  by  several macroeconomic  factors  including  borrowing rates,  country  risk,  inflation  assumptions  and currency  development.  For  assumptions  used, external  evidence  has  been  taken  into consideration.The  future  developments  of  EBITDA  margins, invested capital and growth, are important in the Group\u2019s  impairment  assessments,  and  the long-term estimates of EBITDA margins for each country are uncertain.Contingent considerationContingent  consideration,  resulting  from business  combinations,  is  initially  recognised  at fair value as of the acquisition date as part of the business combination  and  is classified either  as \u201cOther  non-current  provisions\u201d  or  \u201cOther  current liabilities\u201d,  depending  on  the  contractually agreed  payment  dates.  As  the  contingent consideration  payable  meets  the  definition  of  a financial liability,  it is subsequently  measured at fair  value  through  profit  or  loss  (FVTPL)  at  each reporting  date.  The  determination  of  the  fair value is based on a discounted cash flow model that  includes  a  probability  weighting  of  the assessed  outcomes  of  the  contractually  agreed performance  targets  over  the  contractually agreed  payment  dates.  Post-acquisition performance  or  other  events  can  change  the assumptions used by Management to assess the inputs  used  in  the  fair  value  estimate  of  the contingent consideration liability. Non-cash  considerationThe  Italian  government  has  implemented the  Ecobonus  system,  a  tax  incentive designed to support energy requalification projects.  The  Ecobonus  system  is  a generous  stimulus  with  50%  of  investment as support for solar systems, batteries and heat pumps.  The system was  designed as a tax incentive where the holder of the tax credit  could  deduct  the  credit  towards ongoing payments of taxes, VAT and social security costs. At  the  time  of  purchase  the  consumer  is issued  a  tax  credit  from  the  Italian government  that  can  offset  taxes  and certain  other  public  duties.  The  consumer would  typically  sell  the  credit  to  a contractor (Otovo) as part of acquiring the service  provided  by  the  contractor.  This would effectively provide the customer with a  discount  of  50%.  The  contractor  can choose to sell the credit to a third party, in most  circumstances  a  financial  institution. Alternatively, the contractor can deduct the tax  credit  over  a  period  of  10  years  from: taxes,  social  security  costs  or  VAT.  In accordance  with  common  practice  in  the Italian  market,  Otovo\u2019s  customers  are partially  settling  purchase  amounts through transfer of the tax credit receivable to  Otovo.  The  transferred  tax  credit  is classified as a non-cash consideration and is  recognised  at  fair  value  at  the transaction date. It  requires  judgement  to  estimate  the  fair value of the non-cash consideration. At the transaction  date  the  fair  value  of  the  tax credit  is  calculated  based  on  the  current market  price  in  the  third  party  market  for tax  credits.  The  discount  compared  to  the nominal value of the tax credit is recorded as a revenue reduction. The tax credit asset is reported as a current asset, pending sale to  a  third  party,    and  is  included  in  Other receivables  and  prepayments  at  its  fair value. The tax credit asset is remeasured at each  reporting  date  and  fair  value adjustments  are  included  in  Other operating expenses.Refer  to  note  25  for  further  information about  changes  in  regulations  in  Italy, impacting  the  non-cash  consideration,  implemented in 2023.Share-based paymentsEstimating the fair value for share-based payment transactions requires judgement as to the use ofthe most appropriate valuation model, which depends on the terms and conditions of the optionprogram agreements. Management has decided to use the BlackScholes option-pricing model. Theestimate of  the  option\u2019s fair value  requires  Management judgement related  to  the definition  andestimation of the inputs to the option-pricing model, which include the expected life of the shareoption, as well as the estimated volatility of the underlying share price and determination of the riskfree rate of return. The assumptions and model used for estimating the fair value for share basedpayments are discussed in more detail in note 7 Employee benefits.Deferred tax assetsDeferred tax  assets  are recognised for  all unused tax  losses  to the  extent  that it  is  probable thattaxable profit will  be  available  against  which  the losses can be  utilised.  Significant  managementjudgement  is  required  to  determine  the  amount  of  deferred  tax  assets  that  will  be  recognised,based  upon  the  reliable  evidence  as  to  the  estimated  timing  and  amount  of  the  future  taxableprofits. Further details are included in note 10 Income tax.Revenue recognition of subscription agreementsThe Group has entered into 20 year subscription agreements with customers for their use of solarpanels provided by the Group.It  requires  judgement  to  determine  whether  the  promise  in  the  contract  with  the  customer  is  totransfer a good or a service, or a series of distinct goods or services. The review of the contract hasconcluded  that  control  over  the  assets  has  not  been  passed  to  the  customer,  and  that  thecontracts do not contain a lease and are to be reported as service agreements in accordance withIFRS  15.  The  conclusion  is  based  on  the  fact  that  the  customer  is  not  able  to  operate  the  assetthroughout the period of use or impact the output of the solar panels. Neither is the customer ableto design the assets in a way that predetermines how and for what purpose the asset will be usedthroughout the period of use. The customer is only able to choose between a few different classesof panels, and the number of panels, and will in reality receive a product that is predesigned by theGroup. Revenues are recognised monthly in accordance with the invoiced subscription amount.The Group  has also entered into 10  year subscription  agreements with customers  for their  use ofhome batteries provided by the Group. The review of the contract has concluded that it conveys theright to control the use of an identified asset for a period of time in exchange for consideration, andthat the contracts are to be reported as leases in accordance with IFRS 16. The conclusion is basedon the fact that the customer has both the right to direct the identified asset\u2019s use and to obtainsubstantially all the economic benefits from that use. It requires judgement to determine whetherthe leases should be classified as operating leases or financial leases. The review of the contracthas concluded that substantially all the risks and rewards incidental to ownership of the underlyingassets have not been transferred and the leases are classified as operating leases. The conclusionis based on the fact that ownership of the asset is not transferred to the lessee by the end of thelease term, and that the lessee does not have the option to purchase the asset at a price lower thanfair value. Further to this the lease term is not for the major part of the economic life of the asset,and the asset is not of a specialised nature. Revenues are recognised monthly in accordance with the invoiced subscription amount. InvestmentsFor all investments, Otovo has to determine whether it is a parent by assessing whether it controls the investee. Otovo controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. In the period between disposal of shares in EDEA in October 2020 (from 100% to 18.75%), to repurchase of shares in December 2021 (from 18.75% to 88.48%) Otovo had material rights through the master franchise agreement that impacts the sales volumes and returns in EDEA, however, the board  and  management  of  EDEA  were  responsible  for  all  decisions  relating  to  funding,  working capital management and expansion into new territories and markets. Otovo has  concluded that the returns of EDEA were mainly impacted through the voting rights of the shareholders, and that the investment should be accounted for as an associated company using the equity method. Note 4. Group structure and acquisitionsOtovo ASA (the Company or Parent) and its subsidiaries (together the Group) operates an online marketplace  for  solar  systems.  European  Distributed  Energy  Assets  Holding  ASA  was  merged with  Otovo  ASA  during  2022  and  after  the  merger  Otovo  ASA  holds  100%  of  the  shares  in European Distributed Energy Assets Midco AS.As  of  year-end  2022  the  Group  consists  of  the  subsidiaries  presented  in  the  table  below. Companies owned directly by Otovo ASA are highlighted.Reportable Parent Company Country Location Equity interestssegmentcompany      31 Dec31 Dec20222021Direct Otovo AB Sweden Stockholm 100% 100%Otovo ASApurchaseOtovo France Direct France Paris 100% 100%Otovo ASASASpurchaseDirect Otovo Iberic SL Spain Madrid 100% 100%Otovo ASApurchaseDirect Otovo Srl Italy Milan 100% 100%Otovo ASApurchaseDirect Otovo Sp. Z.o.o Poland Warsaw 100% 100%Otovo ASApurchaseDirect Otovo GmbH Germany Berlin 100% 100%Otovo ASApurchaseDirect Otovo GmbH Austria Wien 100% -Otovo ASApurchaseOtovo Direct Portugal Lisboa 100% -Otovo ASAUnipessoal LDApurchaseUnited Direct Otovo LimitedLondon 100% -Otovo ASAKingdompurchaseOtovo Schweiz Direct Switzerland Z\u00fcrich 100% -Otovo ASAGmbHpurchaseDirect Otovo B.V. Netherlands Amsterdam 100% -Otovo ASApurchaseDirect Otovo BE B.V. Belgium Brussels 100% -Otovo ASApurchaseEuropean Distributed Norway Oslo - 88.43 % Subscription Otovo ASAEnergy Assets Holding ASEuropean Distributed Norway Oslo 100 % 88.43 % Subscription Otovo ASAEnergy Assets Midco ASReportable Parent Company Country Location Equity interestssegmentcompany      31 Dec31 Dec20222021European Distributed European Distributed Energy Norway Oslo 100 % 88.43 % SubscriptionEnergy Assets ASAssets Midco ASEuropean Distributed European Distributed Energy Sweden Stockholm 100 % 88.43 % SubscriptionEnergy Assets ABAssets Midco ASEuropean Distributed Energy Edea Polska Sp. Z.o.o Poland Warsaw 100 % 88.43 % SubscriptionAssets Midco ASDistributed Energy European Distributed Energy Spain Madrid 100 % 88.43 % SubscriptionAssets SLUAssets Midco ASDistributed Energy European Distributed Energy France Paris 100 % 88.43 % SubscriptionAssets SARLAssets Midco ASEuropean Distributed European Distributed Energy Germany Berlin 100 % - SubscriptionEnergy Assets GmbHAssets Midco ASEuropean Distributed Energy EDEA GmbH Austria Wien 100 % - SubscriptionAssets Midco ASOtovo Energy Assets European Distributed Energy Portugal Lisboa 100 % - SubscriptionUnipessoal LDAAssets Midco ASEuropean Distributed United European Distributed Energy London 100 % - SubscriptionEnergy Assets LimitedKingdomAssets Midco ASEuropean Distributed European Distributed Energy Energy Assets Switzerland Z\u00fcrich 100 % - SubscriptionAssets Midco ASSwitzerlandEuropean Distributed European Distributed Energy Netherlands Amsterdam 100 % - SubscriptionEnergy Assets B.V.Assets Midco ASEuropean Distributed European Distributed Energy Belgium Brussels 100 % - SubscriptionEnergy Assets BE B.V.Assets Midco AS",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__33": {
   "value": "Foreign currency translation and transactionsThe  consolidated  financial  statements  are presented  in  NOK,  which  is  Otovo  ASA\u2019s functional currency.Foreign  currency  transactions  are  translated into  the  entities\u2019  functional  currency  using  the exchange rates  prevailing at the  date of  each transaction.  Monetary  assets  and  liabilities  in foreign  currencies  are  translated  into  the entities\u2019  functional  currency  using  the exchange  rates  on  the  balance  sheet  date. Foreign  currency  exchange  gains  and  losses resulting  from  the  settlement  of  such transactions are recognized in the statement of profit  and  loss  as  foreign  exchange gains/losses.The  Group  has  foreign  entities  with  functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional  currencies  other  than  NOK  are translated into NOK at the rate of exchange at the  reporting  date  and  their  income statements  are  translated  at  the  average exchange  rates  for  the  year.  The  translation differences  arising  from  the  translation  are recognised  in  other  comprehensive  income until  the  disposal  of  the  net  investment,  at which time  they are recognised  in the income statement.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__34": {
   "value": "Current/non-current classificationAn  asset  is  classified  as  current  when  it  is expected to be realised, or is intended for sale or  consumption,  in  the  Group\u2019s  normal operating  cycle,  it  is  held  primarily  for  the purpose of  being traded, or it is expected/due to  be  realised  or  settled  within  twelve  months after  the  reporting  date.  Other  assets  are classified as non-current. A liability is classified as current  when it is  expected to  be settled in the  Group\u2019s  normal  operating  cycle,  is  held primarily  for  the  purpose  of  being  traded,  the liability  is  due  to  be  settled  within  twelve months  after  the  reporting  period  or  if  the Group does not have an unconditional right to defer  settlement  of  the  liability  for  at  least twelve  months  after  the  reporting  period.  All other liabilities are classified as noncurrent.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__35-1": {
   "value": "Reporting segmentsSegments  in  the  Group  are  reported  in  a  manner  consistent  with  the  internal  reporting provided  to  the  chief  operating  decision-maker,  the  Group  Executive  Management.  The segment  reporting  is  consistent  with  internal  policies  regarding  allocation  of  resources  and assessments of the Group\u2019s performance. Transactions between the operating segments are based on market prices.The Group\u2019s operating segments are Direct Purchase and Subscription.The  Direct  Purchase  segment  consists  of  transactions  relating  to  sale  of  solar  panels  and related products, while the Subscription segment consists of transactions related to customers subscribing  to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for solar panels is 20 years while it is 10 years for batteries.Note 6. Reporting segment information and revenueAmounts in NOK thousandFor  Management  purposes  the  Group  is  organized  into  two  business  lines.  \"Direct  purchase\"  and \"Subscription\".  Starting  from  the  EDEA  acquisition  8  December  2021  The  Executive  Management monitors  the  operating  results  of  these  business  lines  separately  for  the  purposes  of  making decisions  about  resource  allocation  and  performance  assessment.  See  further  details  about  the acquisition in note 22.The Direct Purchase segment consists of transactions  relating to  sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for  solar  panels  is  20 years  while  it  is  10  years  for  batteries.  Subscription  for  solar  panels  installations  are  classified  as service  agreements  in  accordance  with  IFRS  15,  while  subscription  contracts  for  batteries  are classified as operating leases in accordance with IFRS 16. Refer to note 2 for further information. The  segment  reporting  is  presented  in  the  same  manner  as  presented  to  the  Executive Management. Information regarding reporting segments in the GroupReportable segments - 2022Direct purchase Subscription Elimination TotalRevenue 789 449 - -151 948 637 501Other operating income 6 031 11 420 -2 688 14 763Total operating income 795 480 11 420 -154 636 652 264Cost of goods sold 654 678 - -131 527 523 152Payroll and related costs 218 552 565 - 219 117Depreciation, amortisation and 23 235 6 316 34 782 64 333impairmentOther operating expenses 158 322 7 586 -2 711 163 197Operating profit/(loss) -259 307 -3 047 -55 180 -317 534Reportable segments -2021Direct purchase Subscription Elimination TotalRevenue 289 339 - -4 074 285 265Other operating income 3 714 423 - 4 137Total operating income 293 053 423 -4 074 289 402Cost of goods sold 243 640 - -3 278 240 362Payroll and related costs 113 348 200 - 113 548Depreciation, amortisation and 19 491 82 2 076 21 649impairmentOther operating expenses 88 568 569 - 89 137Operating profit/(loss) -171 994 -428 -2 872 -175 294Disaggregation of Total operating incomeThe reported Revenue is stemming from contracts with customers for their purchase of solar panels and batteries. The reported Other operating income is stemming from contracts with customer for their use of solar panels and batteries held by the Group, as reported in the subscription segment. The remainder, approximately NOK 3.3 million in 2022 is primarily related to government grants. In 2021 Other operating income included service and maintenance fees charged from Otovo to EDEA, up until the acquisition date, additional to government grants. Total  operating  income  from  external  customers  is  NOK  652  million,  while  it  is  NOK  155  million  on intersegment sales. Intersegment sales is primarily sale of solar panels and related products from the Direct Purchase operating segment to the Subscription operating segment.Geographical distribution of external revenues based on customer locationGeographical information 2022 20211North268 062 161 4522DACH + Italy220 452 23 4013Benefrux110 393 49 1154Atlantic53 357 55 434Total revenue and other income 652 264 289 4021) Norway, Sweden and Poland, of which Norway is 161 574 (2022) and 79 705 (2021)2) Italy, Germany, Switzerland and Austria3) France, the Netherlands and Belgium4) Spain, Portugal and the UK",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__37": {
   "value": "Government grantsGovernment  grants  are  recognised  when there is reasonable assurance that the grant will  be  received,  and  all  attached  conditions will be complied with. When the grants relate to an expense item, it is normally recognised as  a  reduction  of  the  expense  on  a systematic  basis  over  the  periods  that  the related  costs,  for  which  it  is  intended  to compensate,  are  expensed.  When  the  grant relates  to  an  asset  it  is  recognised  in  the income  statement  over  the  useful  life  of  a depreciable  asset  as  other  operating revenues.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__39-1": {
   "value": "Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.Note 7. Employee benefitsAmounts in NOK thousandSpecification of payroll and related cost 2022 2021Salary/wages 174 556 80 565Employee tax 31 621 26 492Pension costs 7 624 4 444Other personnel costs 5 316 2 047Total payroll expense 219 117 113 548Full time equivalents 2022 2021Male 214 87Female 137 62Total 352 149Percentage female employees 39% 42%Remuneration to CEO, Executive Management and board members Share-2022 Salary Bonus PensionOther Totalbased CEO 2 232 554 100 239 9 3 134Other members of 8 039 887 277 673 30 9 906Executive ManagementBoard members - - - - 558 558Total remuneration 10 271 1 441 377 912 597 13 597Share-2021 Salary Bonus PensionOther TotalbasedCEO 1 400 - 104 616 8 2 128Other members of 6 515 - 728 8 744 53 16 039Executive ManagementBoard members - - - - 120 120Total remuneration 7 914 - 832 9 359 182 18 287Salary to CEO and other members of Executive managementThe accumulated remuneration to the CEO and other members of Executive Management consists of  a  fixed  salary,  standard  pension-  and  insurance  terms  for  employees  and  a  variable  salary. Additionally, the Executive Management has received share-based payments. The main purpose of the  system  for  management  remuneration  is  to  stimulate  a  strong  and  lasting  profit  oriented culture leading to an increasing value of the Company. Other members of Executive Management consist of  9 persons,  included in  the table  above with the remuneration for the period they were members  of  Executive  Management.  The  management  team,  excluding  CEO,  has  on  average consisted of 6 persons. The Executive Management are members of a collective pension and insurance scheme applicable to all employees in the country of employment. Loans to employees and board membersNo loans or guarantees have been given to members of the Management, the Board of Directors or other elected corporate bodies. Pension costs and obligationsThe Group has a defined contribution plan for some of its employees. The Group\u2019s payments are recognized  in  the  profit  or  loss  as  an  employee  benefit  expenses  for  the  year  to  which  the contribution  applies.  The  company  has  no  legal  or  constructive  obligations  to  pay  further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods, and therefore does not record a pension liability in the balance sheet.The pension schemes of the Norwegian companies in the Group follow the requirements in the Act on Mandatory company pension.Shares, shares options, performance shares and retention shares held by CEO, other members of Executive Management and Board of Directors, or by an entity controlled by these.Shares, shares options, performance shares and retention shares held by CEO, Chairman of the board and other members of Executive Management or  Board of DirectorsShare Perform.Retention Total Name Role Sharesoptionssharesshares31.12.2022Andreas Thorsheim CEO 8 664 610 100 000 - 14 300 8 778 910Other members for Management 3 336 308 1 733 334 170 940 471 320 5 711 902Executive ManagementChairman of the Peter Mellbye60 000 - - - 60 000boardJosefin Christina Landg\u00e5rd Board member 91 583 - - - 91 583Alejandro D\u00edaz Board member 78 600 33 333 - 14 300 126 233Julie Orzechowski Board member - 15 000 - - 15 000Shares, shares options, performance shares and retention shares held by entities which have representation in the Board of DirectorsName SharesAxel Johnson AB 27 684 078Agder Energi Invest AS 9 206 240OBOS BBL 5 260 180Share-based  paymentsThe  Group  has  in  place  share  option  programmes  where  the  employees  have  been granted  options  at  the  strike  price  in  accordance  with  the  market  price  at  the  time  of issuance.  The  programs  includes  both  existing  and  new  employees  who  are  awarded options  based  on  an  allocation  into  defined  tiers  proposed  by  Management  and approved  by  the  Board  of  Directors.  The  options  vest  with  \u2153  each  year  the  three  years after the issuance. Furthermore, a share purchase programme was established by the Group in 2020 where the  participants  subscribe  to  new  shares  as  an  initial  investment,  and  receive performance shares after two years if the share price has doubled and retention shares after three and four years respectively if they are still employed with the Group. The share purchase program is  discontinued, but but there are  still outstanding performance and retention shares.Expenses related to share-based payments included in total payroll expense 2022 2021Share-based payments 24 950 10 249Social security contribution 5 128 11 048Total expenses related to share-based payments 30 078 21 297Overview of outstanding options (after share split) 2022 2021Outstanding options 1 January 1 586 160 3 381 180Options granted 5 562 499 400 000Options exercised -1 180 826 -2 026 730Options forfeited -1 227 826 -168 290Outstanding options 31 December 4 740 007 1 586 160Of which exercisable    Average share price at grant date (NOK per share, after 2021 share split) 22,73 8,57Weighted average remaining contractual life of outstanding options (years) 2,5 1Overview of outstanding performance and retention shares 2022 2021Outstanding shares 1 January 2 129 070 2 232 400Shares granted - 1 015 870Shares released \u2212 \u22121 116 200Shares forfeited \u2212711 308 \u22123 000Outstanding shares 31 December 1 417 762 2 129 070Performance shares 31 December 269 571 507 935Retention shares 31 December 1 148 191 1 621 135Total 1 417 762 2 129 070Weighted average remaining contractual life of performance shares 1,3 2Weighted average remaining contractual life of retention shares 2,5 4",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__38": {
   "value": "Employee benefitsCurrent  liabilities  to  employees,  such  as salary,  are  measured  at  an  undiscounted basis  and  recognized  in  the  period  in  which they are incurred.Pension  contributions  are  paid  into  defined contribution  pension  plans  and  there  are  no outstanding  pension  liabilities  at  the  time  of the  payments.  Contributions  made  for  the defined  contribution  pension  plans  are expensed  in  the  period  in  which  they  are incurred.Share-based paymentsThe  fair  value  of  options  granted  under  the share-based  payments  programme  is recognized  as  an  employee  benefit  expense with  a  corresponding  increase  in  equity  and other current liabilities.The  Group  has  share-based  payment  programs  to management  and  employees.  The  Group  is  obliged  to withhold and pay an amount, and report the full amount, to local  tax  authorities  for  the  employee\u2019s  tax  obligations associated  with  redemption  of  vested  share  options.  In addition, the Group may be obliged to report and pay social security  tax.  These  share-based  payment  programs, including tax, are considered as equity-settled share-based payments.  In  addition,  the  Group  is  obliged  to  make  a provision for social security  tax  related  to  these  programs, to be transferred to the tax authority, normally in cash. This part  of  the  share-based  payment  arrangements  is recognised as a cash-settled share-based payment.Equity-settled share-based payments are measured at fair value  (excluding  the  effect  of  non-market-based  vesting conditions) at the date of grant. The fair value determined at  the  grant  date  of  the  equity-settled  share-based payments is expensed over the vesting period, based on the Group\u2019s  estimate  of  the  shares  that  will  eventually  vest, adjusted  for  the  effect  of  non-market  based  vesting conditions.  Cash-settled  share-based  payments  are measured  at  fair  value  of  the  liability.  The  liability  is remeasured at each reporting date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__40-1": {
   "value": "Financial income and expensesInterest income or expense is recognised using the effective interest method.Note 9. Financial income and expensesAmounts in NOK thousandInterest expense relating to leasing agreements recognised in accordance with IFRS 16 is included in the below and specified in note 12.Specification of financial income 2022 2021Interest income 1 017 305Net currency gain 10 625 -Other financial income 789 2 889Total financial income 12 431 3 194Specification of financial expenses 2022 2021Interest expenses 3 792 997Net currency loss - 2 452Other financial expenses 288 4Total financial expenses 4 080 3 452",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__41": {
   "value": "Income taxIncome tax expense includes taxes incurred during the year (tax payable) and changes in deferred tax and deferred tax assets.Deferred  income  tax  is  calculated  on  all  temporary differences  between  the  carrying  amounts  for  reporting purposes and the  taxable  value  at  the reporting date.  The tax calculations are based on the nominal tax rate. Deferred tax  assets  arise  when  the  temporary  differences  provide taxable  deduction  in  the  future,  and  the  deduction  is expected to be used.Deferred income tax asset and liability are offset when there is  a  legally  enforceable  right  to  offset,  and  is  related  to income taxes levied by the same taxation authority for the same taxable entity or separate taxable entities where the intention is to settle taxable positions on a net basis.Tax  payable  and  deferred  tax/deferred  tax  assets  are calculated at the tax rate based on the countries that Otovo is liable to pay tax.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__42": {
   "value": "Property, plant and equipmentProperty,  plant  and  equipment  are  presented  in  the  statement  of  financial  position  at  cost,  less accumulated depreciation and write-downs. Property, plant and equipment related to acquisitions are  recognized  at  fair  value  on  the  date  of  acquisition.  Material  components  of  fixed  assets  with varying  life  expectancy  are  separately  assessed  in  depreciation  schedules.  Straight  line depreciation is used over the useful life of assets.Acquisition costs include costs directly related to the purchase of fixed assets, including purchase price and costs directly related to development and preparation of the assets\u2019 intended use.Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognised  and  any  remaining  net  carrying  amount  is  recognised  in  operating  profit  (loss)  as loss on disposal.An asset is derecognised at the point no future economic benefit can be identified. Gain or loss on sale of an asset is calculated as the difference between sales price and book value at the time of the  sale.  The  gain  is  recognised  under  other  income  while  the  loss  is  recognised  under  other operating expenses.The  expected  useful  life  and  residual  value,  which  are  used  in  the  depreciation  calculation  of tangible fixed assets, are reviewed, and if necessary, adjusted annually.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__43": {
   "value": "Leases (lessee)The Group leases office buildings and smaller equipment. Rental contracts are typically made for fixed periods of 6 months and above, but may have extension or termination options.Right-of-use  assets  and  lease  liabilities  are  initially  recognised  in  the  consolidated  statement  of financial position at present value of future lease payments. Lease payments are discounted with the  Group\u2019s  estimated  incremental  borrowing  rate.  Right-of-use  assets  are  depreciated  on  a straight-line basis from the time of recognition to the first of either end of useful life or end of lease term. Extension options, which are assessed as reasonably certain to be exercised, are included in the lease  term. Lease payments are split into payment of principal  and interest.  Interest on  lease liabilities in  each  accounting period during  the lease period  will  be the  amount  which presents  a constant  periodic  interest  for  the  lease  liability\u2019s  outstanding  balance  (annuity  principle).  The interest expense is included in Net financial items.Payments  associated  with  short-term  leases and  all  leases  of  low-value  assets  are recognised  on  a  straight-line  basis  as  other operating  expenses  in  the  Consolidated Income  Statement.  Short-  term  leases  are leases with a lease term of 12 months or less.Right-of-use assets are presented separately in  the  consolidated  statement  of  financial position, and lease liabilities are classified as either  current  or  non-current.  Next  year\u2019s payment  of  principal  is  classified  as  current. Interest  expenses  for  lease  liabilities  are presented as part of finance items.In the statement of cash  flows, payments on lease  principal  is  included  in  financing activities  and  interest  is  operating  activities. The  transaction  of  entering  into  new  lease agreements has no cash flow effect.When  the  Group  revises  its  estimate  of  the term  of  any  lease  (because,  for  example,  it re-assesses  the  probability  of  a  lessee extension  or  termination  option  being exercised),  it  adjusts  the  carrying  amount  of the  lease  liability  to  reflect  the  payments  to make  over  the  revised  term,  which  are discounted using a revised discount rate. The carrying  value  of  lease  liabilities  is  similarly revised  when  the  variable  element  of  future lease payments dependent on a rate or index is  revised,  except  the  discount  rate  remains unchanged.  In  both  cases  an  equivalent adjustment  is  made  to  the  carrying  value  of the  right-of-use  asset,  with  the  revised carrying  amount  being  amortised  over  the remaining (revised) lease term. If the carrying amount of  the right-of-use  asset is  adjusted to zero, any further reduction is recognised in profit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__45": {
   "value": "Research and development costsResearch  costs  are  expensed  as  incurred, while development costs are capitalised if the requirements in IAS 38 are met.The  development  costs  capitalised  relate  to the  development  of  the  software  \u201cOtovo Cloud\u201d.  The  software  is  the  platform  used  in the  interface  between  the  Group,  its customers  and  potential  customers,  and installation  partners.  See  further  details  in note 13.Development  expenditures  are  capitalised only  when  the  criteria  for  recognition  is  met, i.e. that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, management has committed  itself  to  complete  the  asset,  the technical  feasibility  of  completing  the  asset has been demonstrated and the cost can be measured  reliably.  The  assets  are  amortised over their expected useful life once the assets are  available  for  use.  Costs  incurred  during the  research  stage  of  a  project,  as  well  as maintenance  and  training  costs  are expensed  as  incurred.  Development  costs that do not meet the criteria for capitalisation are expensed as incurred.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__46-1": {
   "value": "Trade receivablesTrade receivables and other receivables are carried on the consolidated statement of financial position at amortised cost after deduction of provision for estimated losses. The Group measures expected losses on trade receivables by the use of an expected loss model in accordance with IFRS 9.  The Group applies the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.Note 14. Trade receivablesAmounts in NOK thousand  31 Dec 2022 31 Dec 202Trade receivables 46 667 23 887Provision for bad debt -2 613 -1 717Total trade receivables 44 054 22 170Trade receivables at 31 December - ageing 31 Dec 2022 31 Dec 2021Not due 19 524 13 7381\u201330 days past due 12 655 4 27931\u201360 days past due 4 308 3 28261\u201390 days past due 1 894 706More than 90 days past due 8 286 1 882Total trade receivables 46 667 23 887For the trade receivables that are not impaired or past due, there are no indicators at the date of the reporting that the debtors will not be able to meet their payment obligations. Expected losses for trade receivables past due are estimated based on payment history, the cause of the default, the collection methods available in the applicable markets and other relevant information.  Refer to note 19 for further information about the Group's assessment of credit risk. Trade receivables denominated in currency 31 Dec 2022 31 Dec 2021NOK 14 468 3 198SEK 6 638 1 490EUR 24 760 18 928PLN 585 271Other currency 217 -Total trade receivables 46 667 23 887",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__44": {
   "value": "Intangible assetsIntangible  assets  are  measured  at  cost  less any  accumulated  amortisation  or impairment losses. Intangible assets acquired through  business  combinations  are measured  at  fair  value  at  the  acquisition date.  Intangible  assets  with  finite  useful  lives are amortised using the straight-line method over estimated useful  lives.  Intangible  assets are  derecognized  on  disposal,  or  when  no future economic benefits are expected  to be derived.  Gains  or  losses  arising  from derecognition are measured as the difference between  the  sales  price  and  carrying  value. The  gains  or  losses  are  recognized  as  other operating  income  or  other  operating expenses  in  the  consolidated  statement  of income.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__47": {
   "value": "Bank deposits and cash and cash equivalentsCash and cash equivalents consist of cash and short-term  deposits  as  well  as  immediately available  balances  with  banks  and  similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and  have  a  maturity  of  not  more  than  three months.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__48": {
   "value": "Interest-bearing liabilitiesInterest-bearing  liabilities  are  initially recognised at fair value less prepaid expenses that  are  directly  attributable  to  the  financial liability.After  initial  recognition,  interest-bearing liabilities are measured at amortised cost using the effective interest-method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__49": {
   "value": "ProvisionsProvisions  such  as  workforce  reductions, onerous  contracts  and  legal  claims  are recognised when the Group has a present legal or  constructive  obligation  as  a  result  of  past events,  it  is  probable  that  an  outflow  of resources  will  be  required  to  settle  the obligation,  and  the  amount  can  be  reliably estimated.  Provisions  are  measured  at management\u2019s  best  estimate  of  the expenditure required to settle the obligation at the  reporting  date  and  are  discounted  to present value.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__50": {
   "value": "Warranty provisionsThe  Group  provides  warranties  for  general repairs  of  defects  that  existed  at  the  time  of sale, as required by law. For the direct sales of solar  panel  installations  and  batteries  the warranty period is up to 10 years, varying from market to market. The Group has back to back warranties  with  hardware  producers  and installation  partners,  but  is  ultimately responsible for solving the problem in the event that  hardware  producers  fail  to  replace  the defect hardware, or installation partners  fail to resolve issues related to the quality of the work performed on the installation. The Group is also responsible  for  covering  the  installation  work related to replacing defect hardware.As the replacement cost is not expected to be significant and it is difficult to prepare a reliable estimate  including  the  percentage  of  defect hardware or installations with quality issues, the timing of the issue and the Group\u2019s share of the expense,  no  accruals  have  been  made.  The Group\u2019s share of repair and replacement costs will be expensed as they occur.Subscriptions  customers  have  20  year guarantees  for  solar  panel  installations,  10 years for batteries,  the  guarantee  is  related  to the  performance  of  assets  held  and maintained  by  the  Group.  The  Group  has  no expense accrual relating to this guarantee. The Group\u2019s share of repair and replacement costs will be expensed as they occur.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__51-1": {
   "value": "Accounts payables and other payablesPayables <span class=\"_ _28\"> </span>are <span class=\"_ _28\"> </span>recognised <span class=\"_ _28\"> </span>when <span class=\"_ _28\"> </span>the counterparty <span class=\"_ _1e\"> </span>has <span class=\"_ _1c\"> </span>performed <span class=\"_ _1e\"> </span>and <span class=\"_ _1c\"> </span>there <span class=\"_ _1e\"> </span>is <span class=\"_ _1c\"> </span>a contractual <span class=\"_ _11\"> </span>obligation <span class=\"_ _11\"> </span>on <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>Group <span class=\"_ _11\"> </span>to <span class=\"_ _1e\"> </span>pay, even <span class=\"_ _13\"> </span>if <span class=\"_ _13\"> </span>an <span class=\"_\"> </span>invoice <span class=\"_ _1d\"> </span>has <span class=\"_\"> </span>not <span class=\"_ _1d\"> </span>yet <span class=\"_ _13\"> </span>been <span class=\"_\"> </span>received. Accounts <span class=\"_ _57\"> </span>payable <span class=\"_ _1b\"> </span>are <span class=\"_ _57\"> </span>recognised <span class=\"_ _1b\"> </span>when <span class=\"_ _1b\"> </span>an invoice <span class=\"_ _10\"></span>has <span class=\"_ _10\"></span>been <span class=\"_ _10\"></span>received. <span class=\"_ _10\"></span>Accounts <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>other payables <span class=\"_\"> </span>are <span class=\"_ _13\"> </span>recognised <span class=\"_\"> </span>initially <span class=\"_\"> </span>at <span class=\"_ _2f\"> </span>fair <span class=\"_\"> </span>value and <span class=\"_ _e\"></span>subsequently measured <span class=\"_ _e\"></span>at <span class=\"_ _e\"></span>amortised <span class=\"_ _e\"></span>cost. The <span class=\"_ _13\"> </span>anticipated <span class=\"_ _13\"> </span>maturity <span class=\"_ _2f\"> </span>of <span class=\"_ _13\"> </span>these <span class=\"_ _13\"> </span>payables <span class=\"_ _13\"> </span>is short, <span class=\"_ _3d\"> </span>so <span class=\"_ _3d\"> </span>their <span class=\"_ _3d\"> </span>carrying <span class=\"_ _3d\"> </span>values <span class=\"_ _3d\"> </span>are <span class=\"_ _3d\"> </span>not discounted.Maturity profile of the Group\u2019s liabilities (in nominal values) <span class=\"_ _207\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.22yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _e6\"> </span>16 619<span class=\"_ _3e\"> </span>7 918<span class=\"_ _aa\"> </span>5 158<span class=\"_ _49\"> </span>3 544<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other135 136<span class=\"_ _7\"> </span>17 595<span class=\"_ _b\"> </span>16 674<span class=\"_ _8\"> </span>15 906<span class=\"_ _8\"> </span>14 994<span class=\"_ _b\"> </span>13 948<span class=\"_ _41\"> </span>56 019Trade payables<span class=\"_ _1be\"> </span>71 473<span class=\"_ _ac\"> </span>71 473<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _1e7\"> </span>27 415<span class=\"_ _28\"> </span>27 415<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _36\"> </span>147 260<span class=\"_ _25\"> </span>147 260<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _164\"> </span>397 904<span class=\"_ _3a\"> </span>271 661<span class=\"_ _28\"> </span>21 832<span class=\"_ _c\"> </span>19 450<span class=\"_ _c\"> </span>14 994<span class=\"_ _41\"> </span>13 948<span class=\"_ _41\"> </span>56 019 <span class=\"_ _11b\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.21yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _208\"> </span>9 411<span class=\"_ _61\"> </span>2 797<span class=\"_ _9\"> </span>2 205<span class=\"_ _5c\"> </span>2 205<span class=\"_ _9\"> </span>2 205<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other12 541<span class=\"_ _49\"> </span>5 353<span class=\"_ _49\"> </span>2 609<span class=\"_ _aa\"> </span>1 650<span class=\"_ _131\"> </span>1 397<span class=\"_ _131\"> </span>1 023<span class=\"_ _2a\"> </span>509Trade payables<span class=\"_ _209\"> </span>29 889<span class=\"_ _40\"> </span>29 889<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _d2\"> </span>22 132<span class=\"_ _ac\"> </span>22 132<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _9a\"> </span>51 056<span class=\"_ _8\"> </span>51 056<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _20a\"> </span>125 029<span class=\"_ _41\"> </span>111 226<span class=\"_ _61\"> </span>4 814<span class=\"_ _23\"> </span>3 855<span class=\"_ _5c\"> </span>3 602<span class=\"_ _3e\"> </span>1 023<span class=\"_ _2a\"> </span>5091) Borrowings from credit institutions and other interest-bearing liabilities",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__52": {
   "value": "InventoryInventories  comprise  solar  panels,  batteries and  related  products  such  as  inverters. Purchases  are  made  to  reduce  supply  chain risk.  Otovo  Group  does  not  hold  work  in progress, spare parts and raw materials. Inventories are stated at the lower of cost and net  realizable  value,  where  the  latter  is  the estimated selling price in the ordinary course of business less estimated completion and selling costs.  Inventories  are  presented  net  of write-downs.  Write-downs  are  recognized  for the  amount  by  which  the  carrying  amount exceeds the net realizable value. Costs  of  inventories  comprises  all  costs  of purchase,  costs  of  conversion  and  other  costs incurred  in  bringing  the  inventories  to  their present  location  and  condition.  Cost  is determined  using  the  weighted  average  cost formula.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__53": {
   "value": "Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other  party  or exercise significant influence over the other party in making financial and operating decisions.  Parties  are  also  related  if  they  are subject  to  common  control  or  common significant influence. All transactions between the related  parties  are  based  on  the  principle  of \u2018arm\u2019s length\u2019 (estimated market value).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__54": {
   "value": "Cash flow statementThe  cash  flow  statement  has  been  prepared according to the indirect method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__55-1": {
   "value": "Events after the balance sheet dateNew  information  about  the  Company\u2019s  position on  the  balance  sheet  date  is  included  in  the financial  statements.  Events  that  occur  after  the balance  sheet  date  that  do  not  affect  the company\u2019s  position  on  the  balance  sheet  date, but  which  affect  the  company\u2019s  future  position are reported if it is of significance.Note 25. Events after the reporting periodDebt and equity financing, and uplisting to the main list on Oslo B\u00f8rsOn  25  January  2023,  Otovo  announced  the  successful  refinancing  of  the Company's subscription asset special purpose vehicle of up to NOK 1.1 billion of debt, and a fully guaranteed NOK 200 million equity financing. The debt facility consists  of  EUR  50  million  revolving  credit  facility  with  EUR  50  million uncommitted  accordion  option  with  DNB  Bank  ASA  and  Sparebank  1  SR-bank ASA.  Due  to  significant  interest,  the  private  placement  was  extended  to  up  to NOK 250 million, and the private placement of NOK 250 million was successfully placed later that day and approved at an extraordinary general meeting on 9 February 2023. On  7  February,  Otovo  sent  an  application  for  transfer  of  shares  admitted  to trading on Euronext Growth to Oslo B\u00f8rs. This was in line with the intentions made by the Board of Directors in February 2022 to uplist to the main list on Oslo B\u00f8rs. Oslo B\u00f8rs approved the application on 10 February 2023. Otovo was transferred to the main list on 14 February 2023. Sale of HoluOtovo announced on 21 December 2022 that Gera acquired Otovo's share of the associated company Holu in Brazil. The contract was signed on 2 February 2023 and the sale closed on 3 February 2023. The sale of Holu will result in a gain on disposal of associated company of  approx. NOK 17 million with a positive  cash effect of NOK 24 million to be reported in Q1 2023.Change in the Italian Ecobonus programThe Italian Government passed a regulation on 16 February 2023. The regulation removes  the  Italian  consumer's  possibility  to  sell  tax  credits  to  third  parties obtained from home improvements, such as solar and battery installations. The new  regulation  came  into  effect  already  on  17  February  2023.  Before  the  new regulation, consumers could choose to settle 50% of the purchase price through sale of their tax credit receivable. This was chosen by the majority of the Italian consumers  and  fuelled  the  Italian  solar  market.  Going  forward,  consumers  will have to deduct the tax credits towards personal income taxes over ten years. Although  the  exact  effect  of  this  is  uncertain,  management  assesses  the situation  to  have  a  negative  impact  on  the  Group  sales  and  slow  down  the installation  pace.  Additionally,  the  Group  may  experience  a  higher  rate  of abandoned  projects  as  there  is  uncertainty  about  the  impact  on  projects  in pipeline  and  in  installation  phase.  Management  believes  that  the  tax  credit receivable on the Group's balance sheet will not be impacted by the changes in regulations and the  Group  will continue to  be  able to sell  these  receivables to Italian banks. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__64": {
   "value": "investments in property, plant and equipment, intangible assets, goodwill,  associates  and  other  investments.  Goodwill,  intangible  assets  with  indefinite  useful  life and intangible assets not yet in use are tested for impairment annually or more often if indicators of  impairment  exist,  where-  as  other  assets  are  tested  for  impairment  when  circumstances indicate  there  may  be  a  potential  impairment.  Factors  that  indicate  impairment  which  trigger impairment  testing  include  the  following:  significant  fall  in  market  values;  significant underperformance relative to historical or projected future operating results; significant changes in the use of the assets or the strategy for the overall business, including assets that are decided to be phased out or replaced and assets that are damaged or taken out of use; significant negative industry or economic trends; significant loss of market share; significant adverse political and/ or regulatory development.In accordance  with  IAS 36  Impairment  of assets the  recoverable  amounts  of  assets  and companies is the higher of value in use and fair value  less  cost  of  disposal.  Value  in  use, particularly when discounted cash flow methods are  used,  involves  management  judgement. There  is  estimation  uncertainty,  complexity  and subjectivity  related  to  the  value  in  use determination,  including  determining appropriate  cash-generating  units,  determining the discount rate, estimating future performance, revenue  generating  capacity  of  the  assets, margins,  political  and  regulatory  risk,  required maintenance  capex,  technological developments,  and  assumptions  of  the  future market  conditions.  In  some  markets,  certain expenses and capex are denominated in foreign currency and impacted by currency fluctuations. Recessionary  effects  and  increased macroeconomic risks may impact the estimates of growth, future performance and discount rates used  in  estimating  recoverable  amounts  of assets.  Discount  rates  are  impacted  by  several macroeconomic  factors  including  borrowing rates,  country  risk,  inflation  assumptions  and currency  development.  For  assumptions  used, external  evidence  has  been  taken  into consideration.The  future  developments  of  EBITDA  margins, invested capital and growth, are important in the Group\u2019s  impairment  assessments,  and  the long-term estimates of EBITDA margins for each country are uncertain.Contingent considerationContingent  consideration,  resulting  from business  combinations,  is  initially  recognised  at fair value as of the acquisition date as part of the business combination  and  is classified either  as \u201cOther  non-current  provisions\u201d  or  \u201cOther  current liabilities\u201d,  depending  on  the  contractually agreed  payment  dates.  As  the  contingent consideration  payable  meets  the  definition  of  a financial liability,  it is subsequently  measured at fair  value  through  profit  or  loss  (FVTPL)  at  each reporting  date.  The  determination  of  the  fair value is based on a discounted cash flow model that  includes  a  probability  weighting  of  the assessed  outcomes  of  the  contractually  agreed performance  targets  over  the  contractually agreed  payment  dates.  Post-acquisition performance  or  other  events  can  change  the assumptions used by Management to assess the inputs  used  in  the  fair  value  estimate  of  the contingent consideration liability. Non-cash  considerationThe  Italian  government  has  implemented the  Ecobonus  system,  a  tax  incentive designed to support energy requalification projects.  The  Ecobonus  system  is  a generous  stimulus  with  50%  of  investment as support for solar systems, batteries and heat pumps.  The system was  designed as a tax incentive where the holder of the tax credit  could  deduct  the  credit  towards ongoing payments of taxes, VAT and social security costs. At  the  time  of  purchase  the  consumer  is issued  a  tax  credit  from  the  Italian government  that  can  offset  taxes  and certain  other  public  duties.  The  consumer would  typically  sell  the  credit  to  a contractor (Otovo) as part of acquiring the service  provided  by  the  contractor.  This would effectively provide the customer with a  discount  of  50%.  The  contractor  can choose to sell the credit to a third party, in most  circumstances  a  financial  institution. Alternatively, the contractor can deduct the tax  credit  over  a  period  of  10  years  from: taxes,  social  security  costs  or  VAT.  In accordance  with  common  practice  in  the Italian  market,  Otovo\u2019s  customers  are partially  settling  purchase  amounts through transfer of the tax credit receivable to  Otovo.  The  transferred  tax  credit  is classified as a non-cash consideration and is  recognised  at  fair  value  at  the transaction date. It  requires  judgement  to  estimate  the  fair value of the non-cash consideration. At the transaction  date  the  fair  value  of  the  tax credit  is  calculated  based  on  the  current market  price  in  the  third  party  market  for tax  credits.  The  discount  compared  to  the nominal value of the tax credit is recorded as a revenue reduction. The tax credit asset is reported as a current asset, pending sale to  a  third  party,    and  is  included  in  Other receivables  and  prepayments  at  its  fair value. The tax credit asset is remeasured at each  reporting  date  and  fair  value adjustments  are  included  in  Other operating expenses.Refer  to  note  25  for  further  information about  changes  in  regulations  in  Italy, impacting  the  non-cash  consideration,  implemented in 2023.Share-based paymentsEstimating the fair value for share-based payment transactions requires judgement as to the use ofthe most appropriate valuation model, which depends on the terms and conditions of the optionprogram agreements. Management has decided to use the BlackScholes option-pricing model. Theestimate of  the  option\u2019s fair value  requires  Management judgement related  to  the definition  andestimation of the inputs to the option-pricing model, which include the expected life of the shareoption, as well as the estimated volatility of the underlying share price and determination of the riskfree rate of return. The assumptions and model used for estimating the fair value for share basedpayments are discussed in more detail in note 7 Employee benefits.Deferred tax assetsDeferred tax  assets  are recognised for  all unused tax  losses  to the  extent  that it  is  probable thattaxable profit will  be  available  against  which  the losses can be  utilised.  Significant  managementjudgement  is  required  to  determine  the  amount  of  deferred  tax  assets  that  will  be  recognised,based  upon  the  reliable  evidence  as  to  the  estimated  timing  and  amount  of  the  future  taxableprofits. Further details are included in note 10 Income tax.Revenue recognition of subscription agreementsThe Group has entered into 20 year subscription agreements with customers for their use of solarpanels provided by the Group.It  requires  judgement  to  determine  whether  the  promise  in  the  contract  with  the  customer  is  totransfer a good or a service, or a series of distinct goods or services. The review of the contract hasconcluded  that  control  over  the  assets  has  not  been  passed  to  the  customer,  and  that  thecontracts do not contain a lease and are to be reported as service agreements in accordance withIFRS  15.  The  conclusion  is  based  on  the  fact  that  the  customer  is  not  able  to  operate  the  assetthroughout the period of use or impact the output of the solar panels. Neither is the customer ableto design the assets in a way that predetermines how and for what purpose the asset will be usedthroughout the period of use. The customer is only able to choose between a few different classesof panels, and the number of panels, and will in reality receive a product that is predesigned by theGroup. Revenues are recognised monthly in accordance with the invoiced subscription amount.The Group  has also entered into 10  year subscription  agreements with customers  for their  use ofhome batteries provided by the Group. The review of the contract has concluded that it conveys theright to control the use of an identified asset for a period of time in exchange for consideration, andthat the contracts are to be reported as leases in accordance with IFRS 16. The conclusion is basedon the fact that the customer has both the right to direct the identified asset\u2019s use and to obtainsubstantially all the economic benefits from that use. It requires judgement to determine whetherthe leases should be classified as operating leases or financial leases. The review of the contracthas concluded that substantially all the risks and rewards incidental to ownership of the underlyingassets have not been transferred and the leases are classified as operating leases. The conclusionis based on the fact that ownership of the asset is not transferred to the lessee by the end of thelease term, and that the lessee does not have the option to purchase the asset at a price lower thanfair value. Further to this the lease term is not for the major part of the economic life of the asset,and the asset is not of a specialised nature. Revenues are recognised monthly in accordance with the invoiced subscription amount. InvestmentsFor all investments, Otovo has to determine whether it is a parent by assessing whether it controls the investee. Otovo controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. In the period between disposal of shares in EDEA in October 2020 (from 100% to 18.75%), to repurchase of shares in December 2021 (from 18.75% to 88.48%) Otovo had material rights through the master franchise agreement that impacts the sales volumes and returns in EDEA, however, the board  and  management  of  EDEA  were  responsible  for  all  decisions  relating  to  funding,  working capital management and expansion into new territories and markets. Otovo has  concluded that the returns of EDEA were mainly impacted through the voting rights of the shareholders, and that the investment should be accounted for as an associated company using the equity method.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__57": {
   "value": "Note 3. Use of estimates and judgementThe  Group  consolidated  financial  statements  are  prepared  on  the  basis  of  uniform  accounting principles for similar transactions and events. Unless otherwise stated the accounting policies as set out above have been consistently applied to all reporting periods presented. Presentation and classification of items in the financial statements is also consistent for the periods presented.The preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of estimation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjustment to the carrying amounts of assets or liabilities in future periods.Key  sources  of  estimation  uncertainty  and  critical  judgements  are  continually  evaluated  and updated  based  on  expectations  about  future  events  that  are  believed  by  Management  to  be reasonable under the circumstances.When applying the Group\u2019s accounting policies, Management has made the following judgements, which  have  the  most  significant  effect  on  the  amounts  recognised  in  the  consolidated  financial statements.Areas where the use of assumptions and estimates are significant for the Group Accounts.ImpairmentThe Group has made significant investments in property, plant and equipment, intangible assets, goodwill,  associates  and  other  investments.  Goodwill,  intangible  assets  with  indefinite  useful  life and intangible assets not yet in use are tested for impairment annually or more often if indicators of  impairment  exist,  where-  as  other  assets  are  tested  for  impairment  when  circumstances indicate  there  may  be  a  potential  impairment.  Factors  that  indicate  impairment  which  trigger impairment  testing  include  the  following:  significant  fall  in  market  values;  significant underperformance relative to historical or projected future operating results; significant changes in the use of the assets or the strategy for the overall business, including assets that are decided to be phased out or replaced and assets that are damaged or taken out of use; significant negative industry or economic trends; significant loss of market share; significant adverse political and/ or regulatory development.In accordance  with  IAS 36  Impairment  of assets the  recoverable  amounts  of  assets  and companies is the higher of value in use and fair value  less  cost  of  disposal.  Value  in  use, particularly when discounted cash flow methods are  used,  involves  management  judgement. There  is  estimation  uncertainty,  complexity  and subjectivity  related  to  the  value  in  use determination,  including  determining appropriate  cash-generating  units,  determining the discount rate, estimating future performance, revenue  generating  capacity  of  the  assets, margins,  political  and  regulatory  risk,  required maintenance  capex,  technological developments,  and  assumptions  of  the  future market  conditions.  In  some  markets,  certain expenses and capex are denominated in foreign currency and impacted by currency fluctuations. Recessionary  effects  and  increased macroeconomic risks may impact the estimates of growth, future performance and discount rates used  in  estimating  recoverable  amounts  of assets.  Discount  rates  are  impacted  by  several macroeconomic  factors  including  borrowing rates,  country  risk,  inflation  assumptions  and currency  development.  For  assumptions  used, external  evidence  has  been  taken  into consideration.The  future  developments  of  EBITDA  margins, invested capital and growth, are important in the Group\u2019s  impairment  assessments,  and  the long-term estimates of EBITDA margins for each country are uncertain.Contingent considerationContingent  consideration,  resulting  from business  combinations,  is  initially  recognised  at fair value as of the acquisition date as part of the business combination  and  is classified either  as \u201cOther  non-current  provisions\u201d  or  \u201cOther  current liabilities\u201d,  depending  on  the  contractually agreed  payment  dates.  As  the  contingent consideration  payable  meets  the  definition  of  a financial liability,  it is subsequently  measured at fair  value  through  profit  or  loss  (FVTPL)  at  each reporting  date.  The  determination  of  the  fair value is based on a discounted cash flow model that  includes  a  probability  weighting  of  the assessed  outcomes  of  the  contractually  agreed performance  targets  over  the  contractually agreed  payment  dates.  Post-acquisition performance  or  other  events  can  change  the assumptions used by Management to assess the inputs  used  in  the  fair  value  estimate  of  the contingent consideration liability. Non-cash  considerationThe  Italian  government  has  implemented the  Ecobonus  system,  a  tax  incentive designed to support energy requalification projects.  The  Ecobonus  system  is  a generous  stimulus  with  50%  of  investment as support for solar systems, batteries and heat pumps.  The system was  designed as a tax incentive where the holder of the tax credit  could  deduct  the  credit  towards ongoing payments of taxes, VAT and social security costs. At  the  time  of  purchase  the  consumer  is issued  a  tax  credit  from  the  Italian government  that  can  offset  taxes  and certain  other  public  duties.  The  consumer would  typically  sell  the  credit  to  a contractor (Otovo) as part of acquiring the service  provided  by  the  contractor.  This would effectively provide the customer with a  discount  of  50%.  The  contractor  can choose to sell the credit to a third party, in most  circumstances  a  financial  institution. Alternatively, the contractor can deduct the tax  credit  over  a  period  of  10  years  from: taxes,  social  security  costs  or  VAT.  In accordance  with  common  practice  in  the Italian  market,  Otovo\u2019s  customers  are partially  settling  purchase  amounts through transfer of the tax credit receivable to  Otovo.  The  transferred  tax  credit  is classified as a non-cash consideration and is  recognised  at  fair  value  at  the transaction date. It  requires  judgement  to  estimate  the  fair value of the non-cash consideration. At the transaction  date  the  fair  value  of  the  tax credit  is  calculated  based  on  the  current market  price  in  the  third  party  market  for tax  credits.  The  discount  compared  to  the nominal value of the tax credit is recorded as a revenue reduction. The tax credit asset is reported as a current asset, pending sale to  a  third  party,    and  is  included  in  Other receivables  and  prepayments  at  its  fair value. The tax credit asset is remeasured at each  reporting  date  and  fair  value adjustments  are  included  in  Other operating expenses.Refer  to  note  25  for  further  information about  changes  in  regulations  in  Italy, impacting  the  non-cash  consideration,  implemented in 2023.Share-based paymentsEstimating the fair value for share-based payment transactions requires judgement as to the use ofthe most appropriate valuation model, which depends on the terms and conditions of the optionprogram agreements. Management has decided to use the BlackScholes option-pricing model. Theestimate of  the  option\u2019s fair value  requires  Management judgement related  to  the definition  andestimation of the inputs to the option-pricing model, which include the expected life of the shareoption, as well as the estimated volatility of the underlying share price and determination of the riskfree rate of return. The assumptions and model used for estimating the fair value for share basedpayments are discussed in more detail in note 7 Employee benefits.Deferred tax assetsDeferred tax  assets  are recognised for  all unused tax  losses  to the  extent  that it  is  probable thattaxable profit will  be  available  against  which  the losses can be  utilised.  Significant  managementjudgement  is  required  to  determine  the  amount  of  deferred  tax  assets  that  will  be  recognised,based  upon  the  reliable  evidence  as  to  the  estimated  timing  and  amount  of  the  future  taxableprofits. Further details are included in note 10 Income tax.Revenue recognition of subscription agreementsThe Group has entered into 20 year subscription agreements with customers for their use of solarpanels provided by the Group.It  requires  judgement  to  determine  whether  the  promise  in  the  contract  with  the  customer  is  totransfer a good or a service, or a series of distinct goods or services. The review of the contract hasconcluded  that  control  over  the  assets  has  not  been  passed  to  the  customer,  and  that  thecontracts do not contain a lease and are to be reported as service agreements in accordance withIFRS  15.  The  conclusion  is  based  on  the  fact  that  the  customer  is  not  able  to  operate  the  assetthroughout the period of use or impact the output of the solar panels. Neither is the customer ableto design the assets in a way that predetermines how and for what purpose the asset will be usedthroughout the period of use. The customer is only able to choose between a few different classesof panels, and the number of panels, and will in reality receive a product that is predesigned by theGroup. Revenues are recognised monthly in accordance with the invoiced subscription amount.The Group  has also entered into 10  year subscription  agreements with customers  for their  use ofhome batteries provided by the Group. The review of the contract has concluded that it conveys theright to control the use of an identified asset for a period of time in exchange for consideration, andthat the contracts are to be reported as leases in accordance with IFRS 16. The conclusion is basedon the fact that the customer has both the right to direct the identified asset\u2019s use and to obtainsubstantially all the economic benefits from that use. It requires judgement to determine whetherthe leases should be classified as operating leases or financial leases. The review of the contracthas concluded that substantially all the risks and rewards incidental to ownership of the underlyingassets have not been transferred and the leases are classified as operating leases. The conclusionis based on the fact that ownership of the asset is not transferred to the lessee by the end of thelease term, and that the lessee does not have the option to purchase the asset at a price lower thanfair value. Further to this the lease term is not for the major part of the economic life of the asset,and the asset is not of a specialised nature. Revenues are recognised monthly in accordance with the invoiced subscription amount. InvestmentsFor all investments, Otovo has to determine whether it is a parent by assessing whether it controls the investee. Otovo controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. In the period between disposal of shares in EDEA in October 2020 (from 100% to 18.75%), to repurchase of shares in December 2021 (from 18.75% to 88.48%) Otovo had material rights through the master franchise agreement that impacts the sales volumes and returns in EDEA, however, the board  and  management  of  EDEA  were  responsible  for  all  decisions  relating  to  funding,  working capital management and expansion into new territories and markets. Otovo has  concluded that the returns of EDEA were mainly impacted through the voting rights of the shareholders, and that the investment should be accounted for as an associated company using the equity method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__56": {
   "value": "Note 3. Use of estimates and judgementThe  Group  consolidated  financial  statements  are  prepared  on  the  basis  of  uniform  accounting principles for similar transactions and events. Unless otherwise stated the accounting policies as set out above have been consistently applied to all reporting periods presented. Presentation and classification of items in the financial statements is also consistent for the periods presented.The preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of estimation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjustment to the carrying amounts of assets or liabilities in future periods.Key  sources  of  estimation  uncertainty  and  critical  judgements  are  continually  evaluated  and updated  based  on  expectations  about  future  events  that  are  believed  by  Management  to  be reasonable under the circumstances.When applying the Group\u2019s accounting policies, Management has made the following judgements, which  have  the  most  significant  effect  on  the  amounts  recognised  in  the  consolidated  financial statements.Areas where the use of assumptions and estimates are significant for the Group Accounts.ImpairmentThe Group has made significant investments in property, plant and equipment, intangible assets, goodwill,  associates  and  other  investments.  Goodwill,  intangible  assets  with  indefinite  useful  life and intangible assets not yet in use are tested for impairment annually or more often if indicators of  impairment  exist,  where-  as  other  assets  are  tested  for  impairment  when  circumstances indicate  there  may  be  a  potential  impairment.  Factors  that  indicate  impairment  which  trigger impairment  testing  include  the  following:  significant  fall  in  market  values;  significant underperformance relative to historical or projected future operating results; significant changes in the use of the assets or the strategy for the overall business, including assets that are decided to be phased out or replaced and assets that are damaged or taken out of use; significant negative industry or economic trends; significant loss of market share; significant adverse political and/ or regulatory development.In accordance  with  IAS 36  Impairment  of assets the  recoverable  amounts  of  assets  and companies is the higher of value in use and fair value  less  cost  of  disposal.  Value  in  use, particularly when discounted cash flow methods are  used,  involves  management  judgement. There  is  estimation  uncertainty,  complexity  and subjectivity  related  to  the  value  in  use determination,  including  determining appropriate  cash-generating  units,  determining the discount rate, estimating future performance, revenue  generating  capacity  of  the  assets, margins,  political  and  regulatory  risk,  required maintenance  capex,  technological developments,  and  assumptions  of  the  future market  conditions.  In  some  markets,  certain expenses and capex are denominated in foreign currency and impacted by currency fluctuations. Recessionary  effects  and  increased macroeconomic risks may impact the estimates of growth, future performance and discount rates used  in  estimating  recoverable  amounts  of assets.  Discount  rates  are  impacted  by  several macroeconomic  factors  including  borrowing rates,  country  risk,  inflation  assumptions  and currency  development.  For  assumptions  used, external  evidence  has  been  taken  into consideration.The  future  developments  of  EBITDA  margins, invested capital and growth, are important in the Group\u2019s  impairment  assessments,  and  the long-term estimates of EBITDA margins for each country are uncertain.Contingent considerationContingent  consideration,  resulting  from business  combinations,  is  initially  recognised  at fair value as of the acquisition date as part of the business combination  and  is classified either  as \u201cOther  non-current  provisions\u201d  or  \u201cOther  current liabilities\u201d,  depending  on  the  contractually agreed  payment  dates.  As  the  contingent consideration  payable  meets  the  definition  of  a financial liability,  it is subsequently  measured at fair  value  through  profit  or  loss  (FVTPL)  at  each reporting  date.  The  determination  of  the  fair value is based on a discounted cash flow model that  includes  a  probability  weighting  of  the assessed  outcomes  of  the  contractually  agreed performance  targets  over  the  contractually agreed  payment  dates.  Post-acquisition performance  or  other  events  can  change  the assumptions used by Management to assess the inputs  used  in  the  fair  value  estimate  of  the contingent consideration liability. Non-cash  considerationThe  Italian  government  has  implemented the  Ecobonus  system,  a  tax  incentive designed to support energy requalification projects.  The  Ecobonus  system  is  a generous  stimulus  with  50%  of  investment as support for solar systems, batteries and heat pumps.  The system was  designed as a tax incentive where the holder of the tax credit  could  deduct  the  credit  towards ongoing payments of taxes, VAT and social security costs. At  the  time  of  purchase  the  consumer  is issued  a  tax  credit  from  the  Italian government  that  can  offset  taxes  and certain  other  public  duties.  The  consumer would  typically  sell  the  credit  to  a contractor (Otovo) as part of acquiring the service  provided  by  the  contractor.  This would effectively provide the customer with a  discount  of  50%.  The  contractor  can choose to sell the credit to a third party, in most  circumstances  a  financial  institution. Alternatively, the contractor can deduct the tax  credit  over  a  period  of  10  years  from: taxes,  social  security  costs  or  VAT.  In accordance  with  common  practice  in  the Italian  market,  Otovo\u2019s  customers  are partially  settling  purchase  amounts through transfer of the tax credit receivable to  Otovo.  The  transferred  tax  credit  is classified as a non-cash consideration and is  recognised  at  fair  value  at  the transaction date. It  requires  judgement  to  estimate  the  fair value of the non-cash consideration. At the transaction  date  the  fair  value  of  the  tax credit  is  calculated  based  on  the  current market  price  in  the  third  party  market  for tax  credits.  The  discount  compared  to  the nominal value of the tax credit is recorded as a revenue reduction. The tax credit asset is reported as a current asset, pending sale to  a  third  party,    and  is  included  in  Other receivables  and  prepayments  at  its  fair value. The tax credit asset is remeasured at each  reporting  date  and  fair  value adjustments  are  included  in  Other operating expenses.Refer  to  note  25  for  further  information about  changes  in  regulations  in  Italy, impacting  the  non-cash  consideration,  implemented in 2023.Share-based paymentsEstimating the fair value for share-based payment transactions requires judgement as to the use ofthe most appropriate valuation model, which depends on the terms and conditions of the optionprogram agreements. Management has decided to use the BlackScholes option-pricing model. Theestimate of  the  option\u2019s fair value  requires  Management judgement related  to  the definition  andestimation of the inputs to the option-pricing model, which include the expected life of the shareoption, as well as the estimated volatility of the underlying share price and determination of the riskfree rate of return. The assumptions and model used for estimating the fair value for share basedpayments are discussed in more detail in note 7 Employee benefits.Deferred tax assetsDeferred tax  assets  are recognised for  all unused tax  losses  to the  extent  that it  is  probable thattaxable profit will  be  available  against  which  the losses can be  utilised.  Significant  managementjudgement  is  required  to  determine  the  amount  of  deferred  tax  assets  that  will  be  recognised,based  upon  the  reliable  evidence  as  to  the  estimated  timing  and  amount  of  the  future  taxableprofits. Further details are included in note 10 Income tax.Revenue recognition of subscription agreementsThe Group has entered into 20 year subscription agreements with customers for their use of solarpanels provided by the Group.It  requires  judgement  to  determine  whether  the  promise  in  the  contract  with  the  customer  is  totransfer a good or a service, or a series of distinct goods or services. The review of the contract hasconcluded  that  control  over  the  assets  has  not  been  passed  to  the  customer,  and  that  thecontracts do not contain a lease and are to be reported as service agreements in accordance withIFRS  15.  The  conclusion  is  based  on  the  fact  that  the  customer  is  not  able  to  operate  the  assetthroughout the period of use or impact the output of the solar panels. Neither is the customer ableto design the assets in a way that predetermines how and for what purpose the asset will be usedthroughout the period of use. The customer is only able to choose between a few different classesof panels, and the number of panels, and will in reality receive a product that is predesigned by theGroup. Revenues are recognised monthly in accordance with the invoiced subscription amount.The Group  has also entered into 10  year subscription  agreements with customers  for their  use ofhome batteries provided by the Group. The review of the contract has concluded that it conveys theright to control the use of an identified asset for a period of time in exchange for consideration, andthat the contracts are to be reported as leases in accordance with IFRS 16. The conclusion is basedon the fact that the customer has both the right to direct the identified asset\u2019s use and to obtainsubstantially all the economic benefits from that use. It requires judgement to determine whetherthe leases should be classified as operating leases or financial leases. The review of the contracthas concluded that substantially all the risks and rewards incidental to ownership of the underlyingassets have not been transferred and the leases are classified as operating leases. The conclusionis based on the fact that ownership of the asset is not transferred to the lessee by the end of thelease term, and that the lessee does not have the option to purchase the asset at a price lower thanfair value. Further to this the lease term is not for the major part of the economic life of the asset,and the asset is not of a specialised nature. Revenues are recognised monthly in accordance with the invoiced subscription amount. InvestmentsFor all investments, Otovo has to determine whether it is a parent by assessing whether it controls the investee. Otovo controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. In the period between disposal of shares in EDEA in October 2020 (from 100% to 18.75%), to repurchase of shares in December 2021 (from 18.75% to 88.48%) Otovo had material rights through the master franchise agreement that impacts the sales volumes and returns in EDEA, however, the board  and  management  of  EDEA  were  responsible  for  all  decisions  relating  to  funding,  working capital management and expansion into new territories and markets. Otovo has  concluded that the returns of EDEA were mainly impacted through the voting rights of the shareholders, and that the investment should be accounted for as an associated company using the equity method.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__59": {
   "value": "Contingent considerationContingent  consideration,  resulting  from business  combinations,  is  initially  recognised  at fair value as of the acquisition date as part of the business combination  and  is classified either  as \u201cOther  non-current  provisions\u201d  or  \u201cOther  current liabilities\u201d,  depending  on  the  contractually agreed  payment  dates.  As  the  contingent consideration  payable  meets  the  definition  of  a financial liability,  it is subsequently  measured at fair  value  through  profit  or  loss  (FVTPL)  at  each reporting  date.  The  determination  of  the  fair value is based on a discounted cash flow model that  includes  a  probability  weighting  of  the assessed  outcomes  of  the  contractually  agreed performance  targets  over  the  contractually agreed  payment  dates.  Post-acquisition performance  or  other  events  can  change  the assumptions used by Management to assess the inputs  used  in  the  fair  value  estimate  of  the contingent consideration liability.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__60": {
   "value": "Non-cash  considerationThe  Italian  government  has  implemented the  Ecobonus  system,  a  tax  incentive designed to support energy requalification projects.  The  Ecobonus  system  is  a generous  stimulus  with  50%  of  investment as support for solar systems, batteries and heat pumps.  The system was  designed as a tax incentive where the holder of the tax credit  could  deduct  the  credit  towards ongoing payments of taxes, VAT and social security costs. At  the  time  of  purchase  the  consumer  is issued  a  tax  credit  from  the  Italian government  that  can  offset  taxes  and certain  other  public  duties.  The  consumer would  typically  sell  the  credit  to  a contractor (Otovo) as part of acquiring the service  provided  by  the  contractor.  This would effectively provide the customer with a  discount  of  50%.  The  contractor  can choose to sell the credit to a third party, in most  circumstances  a  financial  institution. Alternatively, the contractor can deduct the tax  credit  over  a  period  of  10  years  from: taxes,  social  security  costs  or  VAT.  In accordance  with  common  practice  in  the Italian  market,  Otovo\u2019s  customers  are partially  settling  purchase  amounts through transfer of the tax credit receivable to  Otovo.  The  transferred  tax  credit  is classified as a non-cash consideration and is  recognised  at  fair  value  at  the transaction date. It  requires  judgement  to  estimate  the  fair value of the non-cash consideration. At the transaction  date  the  fair  value  of  the  tax credit  is  calculated  based  on  the  current market  price  in  the  third  party  market  for tax  credits.  The  discount  compared  to  the nominal value of the tax credit is recorded as a revenue reduction. The tax credit asset is reported as a current asset, pending sale to  a  third  party,    and  is  included  in  Other receivables  and  prepayments  at  its  fair value. The tax credit asset is remeasured at each  reporting  date  and  fair  value adjustments  are  included  in  Other operating expenses.Refer  to  note  25  for  further  information about  changes  in  regulations  in  Italy, impacting  the  non-cash  consideration,  implemented in 2023.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__61": {
   "value": "Share-based paymentsEstimating the fair value for share-based payment transactions requires judgement as to the use ofthe most appropriate valuation model, which depends on the terms and conditions of the optionprogram agreements. Management has decided to use the BlackScholes option-pricing model. Theestimate of  the  option\u2019s fair value  requires  Management judgement related  to  the definition  andestimation of the inputs to the option-pricing model, which include the expected life of the shareoption, as well as the estimated volatility of the underlying share price and determination of the riskfree rate of return. The assumptions and model used for estimating the fair value for share basedpayments are discussed in more detail in note 7 Employee benefits.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__62": {
   "value": "Deferred tax assetsDeferred tax  assets  are recognised for  all unused tax  losses  to the  extent  that it  is  probable thattaxable profit will  be  available  against  which  the losses can be  utilised.  Significant  managementjudgement  is  required  to  determine  the  amount  of  deferred  tax  assets  that  will  be  recognised,based  upon  the  reliable  evidence  as  to  the  estimated  timing  and  amount  of  the  future  taxableprofits. Further details are included in note 10 Income tax.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__63": {
   "value": "Revenue recognition of subscription agreementsThe Group has entered into 20 year subscription agreements with customers for their use of solarpanels provided by the Group.It  requires  judgement  to  determine  whether  the  promise  in  the  contract  with  the  customer  is  totransfer a good or a service, or a series of distinct goods or services. The review of the contract hasconcluded  that  control  over  the  assets  has  not  been  passed  to  the  customer,  and  that  thecontracts do not contain a lease and are to be reported as service agreements in accordance withIFRS  15.  The  conclusion  is  based  on  the  fact  that  the  customer  is  not  able  to  operate  the  assetthroughout the period of use or impact the output of the solar panels. Neither is the customer ableto design the assets in a way that predetermines how and for what purpose the asset will be usedthroughout the period of use. The customer is only able to choose between a few different classesof panels, and the number of panels, and will in reality receive a product that is predesigned by theGroup. Revenues are recognised monthly in accordance with the invoiced subscription amount.The Group  has also entered into 10  year subscription  agreements with customers  for their  use ofhome batteries provided by the Group. The review of the contract has concluded that it conveys theright to control the use of an identified asset for a period of time in exchange for consideration, andthat the contracts are to be reported as leases in accordance with IFRS 16. The conclusion is basedon the fact that the customer has both the right to direct the identified asset\u2019s use and to obtainsubstantially all the economic benefits from that use. It requires judgement to determine whetherthe leases should be classified as operating leases or financial leases. The review of the contracthas concluded that substantially all the risks and rewards incidental to ownership of the underlyingassets have not been transferred and the leases are classified as operating leases. The conclusionis based on the fact that ownership of the asset is not transferred to the lessee by the end of thelease term, and that the lessee does not have the option to purchase the asset at a price lower thanfair value. Further to this the lease term is not for the major part of the economic life of the asset,and the asset is not of a specialised nature. Revenues are recognised monthly in accordance with the invoiced subscription amount.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__66": {
   "value": "Note 4. Group structure and acquisitionsOtovo ASA (the Company or Parent) and its subsidiaries (together the Group) operates an online marketplace  for  solar  systems.  European  Distributed  Energy  Assets  Holding  ASA  was  merged with  Otovo  ASA  during  2022  and  after  the  merger  Otovo  ASA  holds  100%  of  the  shares  in European Distributed Energy Assets Midco AS.As  of  year-end  2022  the  Group  consists  of  the  subsidiaries  presented  in  the  table  below. Companies owned directly by Otovo ASA are highlighted.Reportable Parent Company Country Location Equity interestssegmentcompany      31 Dec31 Dec20222021Direct Otovo AB Sweden Stockholm 100% 100%Otovo ASApurchaseOtovo France Direct France Paris 100% 100%Otovo ASASASpurchaseDirect Otovo Iberic SL Spain Madrid 100% 100%Otovo ASApurchaseDirect Otovo Srl Italy Milan 100% 100%Otovo ASApurchaseDirect Otovo Sp. Z.o.o Poland Warsaw 100% 100%Otovo ASApurchaseDirect Otovo GmbH Germany Berlin 100% 100%Otovo ASApurchaseDirect Otovo GmbH Austria Wien 100% -Otovo ASApurchaseOtovo Direct Portugal Lisboa 100% -Otovo ASAUnipessoal LDApurchaseUnited Direct Otovo LimitedLondon 100% -Otovo ASAKingdompurchaseOtovo Schweiz Direct Switzerland Z\u00fcrich 100% -Otovo ASAGmbHpurchaseDirect Otovo B.V. Netherlands Amsterdam 100% -Otovo ASApurchaseDirect Otovo BE B.V. Belgium Brussels 100% -Otovo ASApurchaseEuropean Distributed Norway Oslo - 88.43 % Subscription Otovo ASAEnergy Assets Holding ASEuropean Distributed Norway Oslo 100 % 88.43 % Subscription Otovo ASAEnergy Assets Midco ASReportable Parent Company Country Location Equity interestssegmentcompany      31 Dec31 Dec20222021European Distributed European Distributed Energy Norway Oslo 100 % 88.43 % SubscriptionEnergy Assets ASAssets Midco ASEuropean Distributed European Distributed Energy Sweden Stockholm 100 % 88.43 % SubscriptionEnergy Assets ABAssets Midco ASEuropean Distributed Energy Edea Polska Sp. Z.o.o Poland Warsaw 100 % 88.43 % SubscriptionAssets Midco ASDistributed Energy European Distributed Energy Spain Madrid 100 % 88.43 % SubscriptionAssets SLUAssets Midco ASDistributed Energy European Distributed Energy France Paris 100 % 88.43 % SubscriptionAssets SARLAssets Midco ASEuropean Distributed European Distributed Energy Germany Berlin 100 % - SubscriptionEnergy Assets GmbHAssets Midco ASEuropean Distributed Energy EDEA GmbH Austria Wien 100 % - SubscriptionAssets Midco ASOtovo Energy Assets European Distributed Energy Portugal Lisboa 100 % - SubscriptionUnipessoal LDAAssets Midco ASEuropean Distributed United European Distributed Energy London 100 % - SubscriptionEnergy Assets LimitedKingdomAssets Midco ASEuropean Distributed European Distributed Energy Energy Assets Switzerland Z\u00fcrich 100 % - SubscriptionAssets Midco ASSwitzerlandEuropean Distributed European Distributed Energy Netherlands Amsterdam 100 % - SubscriptionEnergy Assets B.V.Assets Midco ASEuropean Distributed European Distributed Energy Belgium Brussels 100 % - SubscriptionEnergy Assets BE B.V.Assets Midco AS",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__65": {
   "value": "Note 4. Group structure and acquisitionsOtovo ASA (the Company or Parent) and its subsidiaries (together the Group) operates an online marketplace  for  solar  systems.  European  Distributed  Energy  Assets  Holding  ASA  was  merged with  Otovo  ASA  during  2022  and  after  the  merger  Otovo  ASA  holds  100%  of  the  shares  in European Distributed Energy Assets Midco AS.As  of  year-end  2022  the  Group  consists  of  the  subsidiaries  presented  in  the  table  below. Companies owned directly by Otovo ASA are highlighted.Reportable Parent Company Country Location Equity interestssegmentcompany      31 Dec31 Dec20222021Direct Otovo AB Sweden Stockholm 100% 100%Otovo ASApurchaseOtovo France Direct France Paris 100% 100%Otovo ASASASpurchaseDirect Otovo Iberic SL Spain Madrid 100% 100%Otovo ASApurchaseDirect Otovo Srl Italy Milan 100% 100%Otovo ASApurchaseDirect Otovo Sp. Z.o.o Poland Warsaw 100% 100%Otovo ASApurchaseDirect Otovo GmbH Germany Berlin 100% 100%Otovo ASApurchaseDirect Otovo GmbH Austria Wien 100% -Otovo ASApurchaseOtovo Direct Portugal Lisboa 100% -Otovo ASAUnipessoal LDApurchaseUnited Direct Otovo LimitedLondon 100% -Otovo ASAKingdompurchaseOtovo Schweiz Direct Switzerland Z\u00fcrich 100% -Otovo ASAGmbHpurchaseDirect Otovo B.V. Netherlands Amsterdam 100% -Otovo ASApurchaseDirect Otovo BE B.V. Belgium Brussels 100% -Otovo ASApurchaseEuropean Distributed Norway Oslo - 88.43 % Subscription Otovo ASAEnergy Assets Holding ASEuropean Distributed Norway Oslo 100 % 88.43 % Subscription Otovo ASAEnergy Assets Midco ASReportable Parent Company Country Location Equity interestssegmentcompany      31 Dec31 Dec20222021European Distributed European Distributed Energy Norway Oslo 100 % 88.43 % SubscriptionEnergy Assets ASAssets Midco ASEuropean Distributed European Distributed Energy Sweden Stockholm 100 % 88.43 % SubscriptionEnergy Assets ABAssets Midco ASEuropean Distributed Energy Edea Polska Sp. Z.o.o Poland Warsaw 100 % 88.43 % SubscriptionAssets Midco ASDistributed Energy European Distributed Energy Spain Madrid 100 % 88.43 % SubscriptionAssets SLUAssets Midco ASDistributed Energy European Distributed Energy France Paris 100 % 88.43 % SubscriptionAssets SARLAssets Midco ASEuropean Distributed European Distributed Energy Germany Berlin 100 % - SubscriptionEnergy Assets GmbHAssets Midco ASEuropean Distributed Energy EDEA GmbH Austria Wien 100 % - SubscriptionAssets Midco ASOtovo Energy Assets European Distributed Energy Portugal Lisboa 100 % - SubscriptionUnipessoal LDAAssets Midco ASEuropean Distributed United European Distributed Energy London 100 % - SubscriptionEnergy Assets LimitedKingdomAssets Midco ASEuropean Distributed European Distributed Energy Energy Assets Switzerland Z\u00fcrich 100 % - SubscriptionAssets Midco ASSwitzerlandEuropean Distributed European Distributed Energy Netherlands Amsterdam 100 % - SubscriptionEnergy Assets B.V.Assets Midco ASEuropean Distributed European Distributed Energy Belgium Brussels 100 % - SubscriptionEnergy Assets BE B.V.Assets Midco AS",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__69": {
   "value": "Note 5. Investments in associated companies and assets held for saleOtovo Group has a clear growth strategy,  both through  organic growth and through acquisitions. During 2021  Otovo ASA  increased its investment in European  Distributed Energy  Assets Holding  AS (EDEA) from 18.75% to 88.43% and gained control of the company, a step taken to regain control over the strategically important subscription offering of Otovo and to facilitate future growth. EDEA was founded by Otovo in 2020, during 2020 Otovo's ownership interest was reduced from 100% to 18.75%. From the establishment of EDEA the two companies have cooperated closely, and had  exclusivity when it comes to offering solar subscription to customers in Otovo's markets. European Distributed Energy Assets Holding ASA was merged with Otovo ASA during 2022 and after the merger Otovo ASA holds 100% of the shares in European Distributed Energy Assets Midco AS.EDEA  has  been  consolidated  into  the  group  accounts  as  of  the  acquisition  date,  and  the subscription  business  in  EDEA  is  reported  as  a  separate  operating  segment.  Refer  to  note  6  for further details.Holu  is  a  partnership  between  Otovo  and  Gera,  established  in  2020,  to  pilot  the  Otovo Platform-as-a-Service in Brazil. Otovo owns 34% of Holu, and in addition to potential returns on the investment Otovo collects a fee per sale made through the Otovo Platform. Gera runs on the Otovo tech platform, but operations are performed separately. Gera holds 54% of the shares in Holu, while the remaining 12% is held by an investor independent of Gera and Otovo. On 21 December 2022, Otovo entered into an agreement with Gera Brazil Technologia Ltda. (Gera), for  the  sale  of  Otovo\u2019s  stake  in  the  Brazilian  solar  platform  Holu.  Holu  was  established  as  a  joint venture with Gera in 2019 where Otovo owns 34%.The transaction price of approximately NOK 22m is equal to the capital injected since 2019 plus an additional 5% premium. The transaction is pending certain conditions and had not been settled as of  31  December  2022.  Refer  to  note  25  for  further  information  about  the  completion  of  the transaction. The investment has been reclassified from investments in associated companies to assets held for sale in accordance with IFRS 5. Investments in equity accounted investees and assets held for saleOwnership and voting rights Carrying amountReportable Investment Locationsegment31 Dec 2021 31 Dec 2022 31 Dec 2021 31 Dec 2022Holu Technologia SA Brazil S\u00e3o Paulo 34% 34% 3 360 9 748Investment  - Reconciliation 2022 2021At 1 January 3 360 27 615Additions 15 411 5 478Book value of EDEA at acquisition date - -26 322The Group's share of the associate's result after tax -9 864 -3 312Exchange difference 841 -99At 31 December 9 748 3 360",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__68": {
   "value": "Note 5. Investments in associated companies and assets held for saleOtovo Group has a clear growth strategy,  both through  organic growth and through acquisitions. During 2021  Otovo ASA  increased its investment in European  Distributed Energy  Assets Holding  AS (EDEA) from 18.75% to 88.43% and gained control of the company, a step taken to regain control over the strategically important subscription offering of Otovo and to facilitate future growth. EDEA was founded by Otovo in 2020, during 2020 Otovo's ownership interest was reduced from 100% to 18.75%. From the establishment of EDEA the two companies have cooperated closely, and had  exclusivity when it comes to offering solar subscription to customers in Otovo's markets. European Distributed Energy Assets Holding ASA was merged with Otovo ASA during 2022 and after the merger Otovo ASA holds 100% of the shares in European Distributed Energy Assets Midco AS.EDEA  has  been  consolidated  into  the  group  accounts  as  of  the  acquisition  date,  and  the subscription  business  in  EDEA  is  reported  as  a  separate  operating  segment.  Refer  to  note  6  for further details.Holu  is  a  partnership  between  Otovo  and  Gera,  established  in  2020,  to  pilot  the  Otovo Platform-as-a-Service in Brazil. Otovo owns 34% of Holu, and in addition to potential returns on the investment Otovo collects a fee per sale made through the Otovo Platform. Gera runs on the Otovo tech platform, but operations are performed separately. Gera holds 54% of the shares in Holu, while the remaining 12% is held by an investor independent of Gera and Otovo. On 21 December 2022, Otovo entered into an agreement with Gera Brazil Technologia Ltda. (Gera), for  the  sale  of  Otovo\u2019s  stake  in  the  Brazilian  solar  platform  Holu.  Holu  was  established  as  a  joint venture with Gera in 2019 where Otovo owns 34%.The transaction price of approximately NOK 22m is equal to the capital injected since 2019 plus an additional 5% premium. The transaction is pending certain conditions and had not been settled as of  31  December  2022.  Refer  to  note  25  for  further  information  about  the  completion  of  the transaction. The investment has been reclassified from investments in associated companies to assets held for sale in accordance with IFRS 5. Investments in equity accounted investees and assets held for saleOwnership and voting rights Carrying amountReportable Investment Locationsegment31 Dec 2021 31 Dec 2022 31 Dec 2021 31 Dec 2022Holu Technologia SA Brazil S\u00e3o Paulo 34% 34% 3 360 9 748Investment  - Reconciliation 2022 2021At 1 January 3 360 27 615Additions 15 411 5 478Book value of EDEA at acquisition date - -26 322The Group's share of the associate's result after tax -9 864 -3 312Exchange difference 841 -99At 31 December 9 748 3 360",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__67": {
   "value": "Note 5. Investments in associated companies and assets held for saleOtovo Group has a clear growth strategy,  both through  organic growth and through acquisitions. During 2021  Otovo ASA  increased its investment in European  Distributed Energy  Assets Holding  AS (EDEA) from 18.75% to 88.43% and gained control of the company, a step taken to regain control over the strategically important subscription offering of Otovo and to facilitate future growth. EDEA was founded by Otovo in 2020, during 2020 Otovo's ownership interest was reduced from 100% to 18.75%. From the establishment of EDEA the two companies have cooperated closely, and had  exclusivity when it comes to offering solar subscription to customers in Otovo's markets. European Distributed Energy Assets Holding ASA was merged with Otovo ASA during 2022 and after the merger Otovo ASA holds 100% of the shares in European Distributed Energy Assets Midco AS.EDEA  has  been  consolidated  into  the  group  accounts  as  of  the  acquisition  date,  and  the subscription  business  in  EDEA  is  reported  as  a  separate  operating  segment.  Refer  to  note  6  for further details.Holu  is  a  partnership  between  Otovo  and  Gera,  established  in  2020,  to  pilot  the  Otovo Platform-as-a-Service in Brazil. Otovo owns 34% of Holu, and in addition to potential returns on the investment Otovo collects a fee per sale made through the Otovo Platform. Gera runs on the Otovo tech platform, but operations are performed separately. Gera holds 54% of the shares in Holu, while the remaining 12% is held by an investor independent of Gera and Otovo. On 21 December 2022, Otovo entered into an agreement with Gera Brazil Technologia Ltda. (Gera), for  the  sale  of  Otovo\u2019s  stake  in  the  Brazilian  solar  platform  Holu.  Holu  was  established  as  a  joint venture with Gera in 2019 where Otovo owns 34%.The transaction price of approximately NOK 22m is equal to the capital injected since 2019 plus an additional 5% premium. The transaction is pending certain conditions and had not been settled as of  31  December  2022.  Refer  to  note  25  for  further  information  about  the  completion  of  the transaction. The investment has been reclassified from investments in associated companies to assets held for sale in accordance with IFRS 5. Investments in equity accounted investees and assets held for saleOwnership and voting rights Carrying amountReportable Investment Locationsegment31 Dec 2021 31 Dec 2022 31 Dec 2021 31 Dec 2022Holu Technologia SA Brazil S\u00e3o Paulo 34% 34% 3 360 9 748Investment  - Reconciliation 2022 2021At 1 January 3 360 27 615Additions 15 411 5 478Book value of EDEA at acquisition date - -26 322The Group's share of the associate's result after tax -9 864 -3 312Exchange difference 841 -99At 31 December 9 748 3 360",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__73": {
   "value": "Note 6. Reporting segment information and revenueAmounts in NOK thousandFor  Management  purposes  the  Group  is  organized  into  two  business  lines.  \"Direct  purchase\"  and \"Subscription\".  Starting  from  the  EDEA  acquisition  8  December  2021  The  Executive  Management monitors  the  operating  results  of  these  business  lines  separately  for  the  purposes  of  making decisions  about  resource  allocation  and  performance  assessment.  See  further  details  about  the acquisition in note 22.The Direct Purchase segment consists of transactions  relating to  sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for  solar  panels  is  20 years  while  it  is  10  years  for  batteries.  Subscription  for  solar  panels  installations  are  classified  as service  agreements  in  accordance  with  IFRS  15,  while  subscription  contracts  for  batteries  are classified as operating leases in accordance with IFRS 16. Refer to note 2 for further information. The  segment  reporting  is  presented  in  the  same  manner  as  presented  to  the  Executive Management. Information regarding reporting segments in the GroupReportable segments - 2022Direct purchase Subscription Elimination TotalRevenue 789 449 - -151 948 637 501Other operating income 6 031 11 420 -2 688 14 763Total operating income 795 480 11 420 -154 636 652 264Cost of goods sold 654 678 - -131 527 523 152Payroll and related costs 218 552 565 - 219 117Depreciation, amortisation and 23 235 6 316 34 782 64 333impairmentOther operating expenses 158 322 7 586 -2 711 163 197Operating profit/(loss) -259 307 -3 047 -55 180 -317 534Reportable segments -2021Direct purchase Subscription Elimination TotalRevenue 289 339 - -4 074 285 265Other operating income 3 714 423 - 4 137Total operating income 293 053 423 -4 074 289 402Cost of goods sold 243 640 - -3 278 240 362Payroll and related costs 113 348 200 - 113 548Depreciation, amortisation and 19 491 82 2 076 21 649impairmentOther operating expenses 88 568 569 - 89 137Operating profit/(loss) -171 994 -428 -2 872 -175 294Disaggregation of Total operating incomeThe reported Revenue is stemming from contracts with customers for their purchase of solar panels and batteries. The reported Other operating income is stemming from contracts with customer for their use of solar panels and batteries held by the Group, as reported in the subscription segment. The remainder, approximately NOK 3.3 million in 2022 is primarily related to government grants. In 2021 Other operating income included service and maintenance fees charged from Otovo to EDEA, up until the acquisition date, additional to government grants. Total  operating  income  from  external  customers  is  NOK  652  million,  while  it  is  NOK  155  million  on intersegment sales. Intersegment sales is primarily sale of solar panels and related products from the Direct Purchase operating segment to the Subscription operating segment.Geographical distribution of external revenues based on customer locationGeographical information 2022 20211North268 062 161 4522DACH + Italy220 452 23 4013Benefrux110 393 49 1154Atlantic53 357 55 434Total revenue and other income 652 264 289 4021) Norway, Sweden and Poland, of which Norway is 161 574 (2022) and 79 705 (2021)2) Italy, Germany, Switzerland and Austria3) France, the Netherlands and Belgium4) Spain, Portugal and the UK",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__72": {
   "value": "Note 6. Reporting segment information and revenueAmounts in NOK thousandFor  Management  purposes  the  Group  is  organized  into  two  business  lines.  \"Direct  purchase\"  and \"Subscription\".  Starting  from  the  EDEA  acquisition  8  December  2021  The  Executive  Management monitors  the  operating  results  of  these  business  lines  separately  for  the  purposes  of  making decisions  about  resource  allocation  and  performance  assessment.  See  further  details  about  the acquisition in note 22.The Direct Purchase segment consists of transactions  relating to  sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for  solar  panels  is  20 years  while  it  is  10  years  for  batteries.  Subscription  for  solar  panels  installations  are  classified  as service  agreements  in  accordance  with  IFRS  15,  while  subscription  contracts  for  batteries  are classified as operating leases in accordance with IFRS 16. Refer to note 2 for further information. The  segment  reporting  is  presented  in  the  same  manner  as  presented  to  the  Executive Management. Information regarding reporting segments in the GroupReportable segments - 2022Direct purchase Subscription Elimination TotalRevenue 789 449 - -151 948 637 501Other operating income 6 031 11 420 -2 688 14 763Total operating income 795 480 11 420 -154 636 652 264Cost of goods sold 654 678 - -131 527 523 152Payroll and related costs 218 552 565 - 219 117Depreciation, amortisation and 23 235 6 316 34 782 64 333impairmentOther operating expenses 158 322 7 586 -2 711 163 197Operating profit/(loss) -259 307 -3 047 -55 180 -317 534Reportable segments -2021Direct purchase Subscription Elimination TotalRevenue 289 339 - -4 074 285 265Other operating income 3 714 423 - 4 137Total operating income 293 053 423 -4 074 289 402Cost of goods sold 243 640 - -3 278 240 362Payroll and related costs 113 348 200 - 113 548Depreciation, amortisation and 19 491 82 2 076 21 649impairmentOther operating expenses 88 568 569 - 89 137Operating profit/(loss) -171 994 -428 -2 872 -175 294Disaggregation of Total operating incomeThe reported Revenue is stemming from contracts with customers for their purchase of solar panels and batteries. The reported Other operating income is stemming from contracts with customer for their use of solar panels and batteries held by the Group, as reported in the subscription segment. The remainder, approximately NOK 3.3 million in 2022 is primarily related to government grants. In 2021 Other operating income included service and maintenance fees charged from Otovo to EDEA, up until the acquisition date, additional to government grants. Total  operating  income  from  external  customers  is  NOK  652  million,  while  it  is  NOK  155  million  on intersegment sales. Intersegment sales is primarily sale of solar panels and related products from the Direct Purchase operating segment to the Subscription operating segment.Geographical distribution of external revenues based on customer locationGeographical information 2022 20211North268 062 161 4522DACH + Italy220 452 23 4013Benefrux110 393 49 1154Atlantic53 357 55 434Total revenue and other income 652 264 289 4021) Norway, Sweden and Poland, of which Norway is 161 574 (2022) and 79 705 (2021)2) Italy, Germany, Switzerland and Austria3) France, the Netherlands and Belgium4) Spain, Portugal and the UK",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__70": {
   "value": "Note 6. Reporting segment information and revenueAmounts in NOK thousandFor  Management  purposes  the  Group  is  organized  into  two  business  lines.  \"Direct  purchase\"  and \"Subscription\".  Starting  from  the  EDEA  acquisition  8  December  2021  The  Executive  Management monitors  the  operating  results  of  these  business  lines  separately  for  the  purposes  of  making decisions  about  resource  allocation  and  performance  assessment.  See  further  details  about  the acquisition in note 22.The Direct Purchase segment consists of transactions  relating to  sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to  use  solar  panels  and  related  products.  Currently  the  subscription  period  for  solar  panels  is  20 years  while  it  is  10  years  for  batteries.  Subscription  for  solar  panels  installations  are  classified  as service  agreements  in  accordance  with  IFRS  15,  while  subscription  contracts  for  batteries  are classified as operating leases in accordance with IFRS 16. Refer to note 2 for further information. The  segment  reporting  is  presented  in  the  same  manner  as  presented  to  the  Executive Management. Information regarding reporting segments in the GroupReportable segments - 2022Direct purchase Subscription Elimination TotalRevenue 789 449 - -151 948 637 501Other operating income 6 031 11 420 -2 688 14 763Total operating income 795 480 11 420 -154 636 652 264Cost of goods sold 654 678 - -131 527 523 152Payroll and related costs 218 552 565 - 219 117Depreciation, amortisation and 23 235 6 316 34 782 64 333impairmentOther operating expenses 158 322 7 586 -2 711 163 197Operating profit/(loss) -259 307 -3 047 -55 180 -317 534Reportable segments -2021Direct purchase Subscription Elimination TotalRevenue 289 339 - -4 074 285 265Other operating income 3 714 423 - 4 137Total operating income 293 053 423 -4 074 289 402Cost of goods sold 243 640 - -3 278 240 362Payroll and related costs 113 348 200 - 113 548Depreciation, amortisation and 19 491 82 2 076 21 649impairmentOther operating expenses 88 568 569 - 89 137Operating profit/(loss) -171 994 -428 -2 872 -175 294Disaggregation of Total operating incomeThe reported Revenue is stemming from contracts with customers for their purchase of solar panels and batteries. The reported Other operating income is stemming from contracts with customer for their use of solar panels and batteries held by the Group, as reported in the subscription segment. The remainder, approximately NOK 3.3 million in 2022 is primarily related to government grants. In 2021 Other operating income included service and maintenance fees charged from Otovo to EDEA, up until the acquisition date, additional to government grants. Total  operating  income  from  external  customers  is  NOK  652  million,  while  it  is  NOK  155  million  on intersegment sales. Intersegment sales is primarily sale of solar panels and related products from the Direct Purchase operating segment to the Subscription operating segment.Geographical distribution of external revenues based on customer locationGeographical information 2022 20211North268 062 161 4522DACH + Italy220 452 23 4013Benefrux110 393 49 1154Atlantic53 357 55 434Total revenue and other income 652 264 289 4021) Norway, Sweden and Poland, of which Norway is 161 574 (2022) and 79 705 (2021)2) Italy, Germany, Switzerland and Austria3) France, the Netherlands and Belgium4) Spain, Portugal and the UK",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__74": {
   "value": "Note 7. Employee benefitsAmounts in NOK thousandSpecification of payroll and related cost 2022 2021Salary/wages 174 556 80 565Employee tax 31 621 26 492Pension costs 7 624 4 444Other personnel costs 5 316 2 047Total payroll expense 219 117 113 548Full time equivalents 2022 2021Male 214 87Female 137 62Total 352 149Percentage female employees 39% 42%Remuneration to CEO, Executive Management and board members Share-2022 Salary Bonus PensionOther Totalbased CEO 2 232 554 100 239 9 3 134Other members of 8 039 887 277 673 30 9 906Executive ManagementBoard members - - - - 558 558Total remuneration 10 271 1 441 377 912 597 13 597Share-2021 Salary Bonus PensionOther TotalbasedCEO 1 400 - 104 616 8 2 128Other members of 6 515 - 728 8 744 53 16 039Executive ManagementBoard members - - - - 120 120Total remuneration 7 914 - 832 9 359 182 18 287Salary to CEO and other members of Executive managementThe accumulated remuneration to the CEO and other members of Executive Management consists of  a  fixed  salary,  standard  pension-  and  insurance  terms  for  employees  and  a  variable  salary. Additionally, the Executive Management has received share-based payments. The main purpose of the  system  for  management  remuneration  is  to  stimulate  a  strong  and  lasting  profit  oriented culture leading to an increasing value of the Company. Other members of Executive Management consist of  9 persons,  included in  the table  above with the remuneration for the period they were members  of  Executive  Management.  The  management  team,  excluding  CEO,  has  on  average consisted of 6 persons. The Executive Management are members of a collective pension and insurance scheme applicable to all employees in the country of employment. Loans to employees and board membersNo loans or guarantees have been given to members of the Management, the Board of Directors or other elected corporate bodies. Pension costs and obligationsThe Group has a defined contribution plan for some of its employees. The Group\u2019s payments are recognized  in  the  profit  or  loss  as  an  employee  benefit  expenses  for  the  year  to  which  the contribution  applies.  The  company  has  no  legal  or  constructive  obligations  to  pay  further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods, and therefore does not record a pension liability in the balance sheet.The pension schemes of the Norwegian companies in the Group follow the requirements in the Act on Mandatory company pension.Shares, shares options, performance shares and retention shares held by CEO, other members of Executive Management and Board of Directors, or by an entity controlled by these.Shares, shares options, performance shares and retention shares held by CEO, Chairman of the board and other members of Executive Management or  Board of DirectorsShare Perform.Retention Total Name Role Sharesoptionssharesshares31.12.2022Andreas Thorsheim CEO 8 664 610 100 000 - 14 300 8 778 910Other members for Management 3 336 308 1 733 334 170 940 471 320 5 711 902Executive ManagementChairman of the Peter Mellbye60 000 - - - 60 000boardJosefin Christina Landg\u00e5rd Board member 91 583 - - - 91 583Alejandro D\u00edaz Board member 78 600 33 333 - 14 300 126 233Julie Orzechowski Board member - 15 000 - - 15 000Shares, shares options, performance shares and retention shares held by entities which have representation in the Board of DirectorsName SharesAxel Johnson AB 27 684 078Agder Energi Invest AS 9 206 240OBOS BBL 5 260 180Share-based  paymentsThe  Group  has  in  place  share  option  programmes  where  the  employees  have  been granted  options  at  the  strike  price  in  accordance  with  the  market  price  at  the  time  of issuance.  The  programs  includes  both  existing  and  new  employees  who  are  awarded options  based  on  an  allocation  into  defined  tiers  proposed  by  Management  and approved  by  the  Board  of  Directors.  The  options  vest  with  \u2153  each  year  the  three  years after the issuance. Furthermore, a share purchase programme was established by the Group in 2020 where the  participants  subscribe  to  new  shares  as  an  initial  investment,  and  receive performance shares after two years if the share price has doubled and retention shares after three and four years respectively if they are still employed with the Group. The share purchase program is  discontinued, but but there are  still outstanding performance and retention shares.Expenses related to share-based payments included in total payroll expense 2022 2021Share-based payments 24 950 10 249Social security contribution 5 128 11 048Total expenses related to share-based payments 30 078 21 297Overview of outstanding options (after share split) 2022 2021Outstanding options 1 January 1 586 160 3 381 180Options granted 5 562 499 400 000Options exercised -1 180 826 -2 026 730Options forfeited -1 227 826 -168 290Outstanding options 31 December 4 740 007 1 586 160Of which exercisable    Average share price at grant date (NOK per share, after 2021 share split) 22,73 8,57Weighted average remaining contractual life of outstanding options (years) 2,5 1Overview of outstanding performance and retention shares 2022 2021Outstanding shares 1 January 2 129 070 2 232 400Shares granted - 1 015 870Shares released \u2212 \u22121 116 200Shares forfeited \u2212711 308 \u22123 000Outstanding shares 31 December 1 417 762 2 129 070Performance shares 31 December 269 571 507 935Retention shares 31 December 1 148 191 1 621 135Total 1 417 762 2 129 070Weighted average remaining contractual life of performance shares 1,3 2Weighted average remaining contractual life of retention shares 2,5 4",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__77": {
   "value": "Specification of audit feesThe  table  below  summarises  audit  fees,  fees  for  further  assurance  services  and  tax  services incurred by the Group during 2022 and 2021 from BDO. Fees include all companies in the Group.  2022 2021Audit fees 2 765 1 239Fees for further assurance services 415 145Fees for other services 269 -Fees for tax services - 84Total fees to auditors 3 449 1 468The amounts in the tables for audit fees are the amounts expensed in 2022 and 2021. Amounts presented exclude VAT.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__76": {
   "value": "Note 8. Other operating expensesAmounts in NOK thousand  2022 2021Other expenses related to buildings and short-term/low value rent of equipment 5 769 2 2531External personnel and consultancy fees 72 856 28 164Media spend, advertising and partnerships 52 450 40 274System and software 13 758 6 675Other operating expenses 18 364 11 771Total other operating expenses 163 197 89 1371) Including audit fee, see specification belowSpecification of audit feesThe  table  below  summarises  audit  fees,  fees  for  further  assurance  services  and  tax  services incurred by the Group during 2022 and 2021 from BDO. Fees include all companies in the Group.  2022 2021Audit fees 2 765 1 239Fees for further assurance services 415 145Fees for other services 269 -Fees for tax services - 84Total fees to auditors 3 449 1 468The amounts in the tables for audit fees are the amounts expensed in 2022 and 2021. Amounts presented exclude VAT.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__81": {
   "value": "Note 9. Financial income and expensesAmounts in NOK thousandInterest expense relating to leasing agreements recognised in accordance with IFRS 16 is included in the below and specified in note 12.Specification of financial income 2022 2021Interest income 1 017 305Net currency gain 10 625 -Other financial income 789 2 889Total financial income 12 431 3 194Specification of financial expenses 2022 2021Interest expenses 3 792 997Net currency loss - 2 452Other financial expenses 288 4Total financial expenses 4 080 3 452",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__80": {
   "value": "Note 9. Financial income and expensesAmounts in NOK thousandInterest expense relating to leasing agreements recognised in accordance with IFRS 16 is included in the below and specified in note 12.Specification of financial income 2022 2021Interest income 1 017 305Net currency gain 10 625 -Other financial income 789 2 889Total financial income 12 431 3 194Specification of financial expenses 2022 2021Interest expenses 3 792 997Net currency loss - 2 452Other financial expenses 288 4Total financial expenses 4 080 3 452",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__79": {
   "value": "Note 9. Financial income and expensesAmounts in NOK thousandInterest expense relating to leasing agreements recognised in accordance with IFRS 16 is included in the below and specified in note 12.Specification of financial income 2022 2021Interest income 1 017 305Net currency gain 10 625 -Other financial income 789 2 889Total financial income 12 431 3 194Specification of financial expenses 2022 2021Interest expenses 3 792 997Net currency loss - 2 452Other financial expenses 288 4Total financial expenses 4 080 3 452",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__82": {
   "value": "Note 10. Income taxAmounts in NOK thousandIncome tax expense in the consolidated statement of income 2022 2021Income tax payable - -Changes in deferred tax / deferred tax asset \u22127 781 \u2212457Tax assets not recognised in previous year - -Total income tax expense reported in the income statement \u22127 781 \u2212457Reconciliation from nominal to effective tax rate 2022 2021Profit/(loss) before tax \u2212319 047 \u2212154 217Estimated tax expense with nominal tax rate, 22% of profit/(loss) before \u221270 190 \u221233 928taxTax effect of the following items:22% of net permanent differences 3 996 \u221226 001Other items 7 023 335Deferred tax asset not recognised current year 51 390 59 136Total income tax expense reported in the income statement -7 781 \u2212457Effective tax rate 2,4% 0,3%The  nominal  tax  rate  in  Norway  was  22  %  in  2021  and  2022.  Subsidiaries  outside  Norway  are subject to local tax rates in their country of operation.The  tax  expense  is  also  dependent  on  whether  or  not  to  recognise  a  deferred  tax  asset  from carry forward losses in the individual entity.All group entities have been loss making since inception and as a result a deferred tax asset is recognised only to the extent that the entity has sufficient taxable temporary differences.Specifications of temporary differences on wich deferred tax 2022 2021is recognisedIntangible assets -8 165 -17 427Right of use assets -3 150 -1 875Trade receivables 1 023 87Provisions 8 878 117Deferred gains / losses 96 35Lease liabilities 3 273 1 945Loss carried forward 125 215 86 117Not recognised deferred tax -137 777 -86 387Total -9 607 -17 388Changes in deferred tax 2022 2021Opening balance at 1 January -17 388 -Recognised in current year's profit 7 781 457Deferred tax on new subsidiaries\u2212 \u221217 845Balance at 31 December \u22129 607 \u221217 388The majority of tax losses carried forward relate to entities domiciled in countries where there are no time-limits related to when the tax losses may be utilized.The deferred  tax  liability is related  to the excess  values  from the  acquisition  of EDEA,  that  the Group has not been able to net against other temporary differences.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__83": {
   "value": "Note 11. Property, plant and equipmentAmounts in NOK thousandEquipment andSolar panels Batteries TotalmachineryAccumulated costAs of 1 January 2021 2 916 4 106 - 7 022Additions during the year 1 434 3 279 - 4 713Additions through acquisition of subsidiaries - 64 950 - 64 950Disposals -17 - - -17Translation differences 150 290 - 440As of 31 December 2021 4 483 72 625 - 77 108Additions during the year 2 093 127 431 4 096 133 620Additions through acquisition of subsidiaries- - --Disposals -542 -2 308--2 850Translation differences 73 3 149 246 3 468As of 31 December 2022 6 107 200 897 4 342 211 346Accumulated depreciation and impairment lossesAs of 1 January 2021 -1 657 -1 160 - -2 818Depreciation -896 -288 - -1 183Disposals 17 - - 17Translation difference -25 - - -25As of 31 December 2021 -2 561 -1 448 - -4 009Depreciation -979 -5 835 -100 -6 914Impairment- - --Disposals- - --Accumulated depreciation disposals 195 167-362Translation difference -4 -290--294As of 31 December 2022 -3 349 -7 406 -100 -10 855Carrying amountAs of 31 December 2021 1 922 71 177 - 73 099As of 31 December 20222 758 193 491 4 242 200 491Depreciation method Straight line Straight line Straight lineUseful life 3-10 years 20 years 10 years",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__84": {
   "value": "Note 12. LeasesAmounts in NOK thousandThe Group\u2019s lease agreements mainly relates to the lease of office premises. Refer to note 8 for further details about expenses relating to short-term and low value leases.Overview of changes to right of use assets 2022 2021Opening balance 1 January   8 524  11 793Depreciation   -5 941 -3 613Additions 10 553 528Other / exchanges differences 1 181 -184Balance per 31 December 14 317 8 524Overview of changes to lease liabilities 2022 2021Opening balance 1 January 8 839 11 860Payments -5 722 -3 451Additions 10 553 528Other / exchanges differences 1 208 -97Balance per 31 December 14 877 8 839Lease liabilities non-current 6 130 6 165Lease liabilities current 8 747 2 674Total 14 877 8 839Maturity analysis: contractual, undiscounted cash flows31 December 2022 31  December 2021Current liabilitiesLess than one year 7 918 2 797Non-current liabilitiesOne to five years 8 701 6 614More than five years - -Total 16 619 9 411Amounts recognized in the consolidated statement of income2022 2021Depreciation 5 941 3 613Interest expense 726 473Total 6 667 4 086Amounts recognized in statement of cash flows        2022 2021Interest payments 726 473Payments of principal 5 722 3 451Total lease payments 6 448 3 924",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__85": {
   "value": "Note 13. Intangible assets and goodwillAmounts in NOK thousandOther Exclusivity Customer   Goodwill Otovo CloudintangibleTotalagreementcontractsassetsAccumulated costAs of 1 January 2021 92 091 47 023 192 - - 139 306Additions during the year - 26 117 2 657 - - 28 774Additions through 65 870 - - 59 675 21 440 146 985acquisition of subsidiariesDisposals - -1 539 - - - -1 539Reclassification - -5 886 -263 - - -6 149Translation difference -4 324 -1 649 - - - -5 973As of 31 December 2021 153 637 64 066 2 586 59 675 21 440 301 404Additions during the year - 28 495 1 375 - - 29 870Additions through - - - - - -acquisition of subsidiariesDisposals - - - - - -Reclassification - -380 - - - -380Translation difference 4 544 - 5 - - 4 549As of 31 December 2022 158 181 92 181 3 967 59 675 21 440 335 442Accumulated amortisation and impairment lossesAs of 1 January 2021 - -14 774 -13 - - -14 778Amortisation - -10 818 -1 870 -2 076 - -14 764Impairment - -1 349 -740 - - -2 089Accumulated depreciation - 1 539 - - - 1 539disposalsReclassification - 3 701 2 448 - - 6 149Translation difference - 595 - - - 595As of 31 December 2021 - -21 106 -175 -2 076 - -23 358Amortisation - -15 369 -753 -33 035 -2 333 -51 490Impairment - - - - - -Accumulated depreciation - - 7 - - 7disposalsReclassification - 380 - - - 380Translation difference - - - - - -As of 31 December 2022 - -36 095 -921 -35 111 -2 333 -74 460Carrying amount            As of 31 December 2021 153 637 42 960 2 411 57 599 21 440 278 046As of 31 December 2022 158 181 56 086 3 045 24 564 19 107 260 983Depreciation method - Straight line Straight line Straight line Straight line  Useful life Indefinite 5 years 5 years 2 years 20 years  Otovo CloudOtovo's  business    model  is  based  on  the  self-developed  system  Otovo  Cloud  and  related applications such as software for extracting and reading production data from various solar cell hardware.Otovo Cloud is a marketplace for solar system installers and supports the company's value chain from sales (compilation of map data, building data, solar radiation data and algorithmic bidding on solar cell projects) to planning (obtaining cost models from installers, choosing a installer and awarding  projects),  follow-up  of  projects  and  managing  the  project  from  sale  the  installer  has been selected to the completion of the project (monitoring progress, obtaining documentation of the work performed and generating sales orders that will be sent to Netsuite as basis for invoicing).In  addition,  the  system  supports  Otovo's  customer  relationship  after  the  installation  of  the  solar system  by  collecting,  compiling  and  presenting  production  data  from  inverters.  The  system  is scalable  and  is  used  across  the  markets  in  which  the  group  operates,  at  the  same  time  the company carries out significant development work to adapt the system to handle the variation in input and requirements  that exist across the company's current and potential  new markets and products. A significant part of the company's future value creation is expected to come as a result of further development and improvement of this system.Development and maintenance of the Otovo Cloud is handled by the Product team in Otovo. Direct payroll expenses relating to the Product team are split into development and maintenance, with payroll expenses relating to development being capitalised as an intangible asset and amortised.The additions during 2021 and 2022 are to a large extent explained by adding more countries and products  to  the  platform.  Additionally  the  different  teams  develop  tools  used  to  increase  sales (adding  partnerships  to  the  platform,  building  functionality  to  run  campaigns)  or  make  internal processes more efficient (time savings) and more profitable (targeting the higher profitability lead, projects etc.).  The capitalised amount is based  on employee  time sheets and  the proportionate share of their time spent on development activities. The  useful  life  of  the  asset  and  related  amortisation  expenses  are  based  on  management\u2019s estimates  and  the  chosen  amortisation  method.  Estimates  may  change  due  to  technological developments and other factors and may result in changes in the estimated useful life and in the amortisation or depreciation charges. Technological developments are difficult to predict and the Group\u2019s views on the trends and pace of development may change over time. The useful lives are reviewed  at  least  annually  taking  into  consideration  the  factors  mentioned  above  and  all  other important relevant factors.GoodwillThe  goodwill  stems  from  acquisition  of  subsidiary  ISWT  (now  Otovo  France)  in  2019  and  EDEA (subscription business) in 2021. The goodwill from both the ISWT purchase and the EDEA acquisition have been tested for impairment. Please refer to the below for further details. The goodwill is split as followsCompany name Allocated goodwill  2022 2021ISWT 92 311 87 767EDEA 65 870 65 870Total 158 181 153 637Impairment testingThe Group tests whether goodwill has suffered any impairment on an annual basis. The subsidiary ISWT  is  regarded  as  an  individual  cash-generating  unit  (CGU).  The  annual  impairment  test  of goodwill is performed at CGU level. The recoverable amount is determined based on value-in-use calculations.  The  value  in  use  determined  to  be  higher  than  its  recoverable  amount.  The calculations use pre-tax cash flow projections based on financial budgets approved by the Board of  Directors  covering  a  two  year  period  for  EDEA  and  a  five  year  period  for  ISWT.  Two  years  has been used to reflect the exclusivity period, and five years has been used to reflect that the entity (ISWT) is  in a development  phase with change  in management, replacing  the founders  of  ISWT, change in business model and launch of new products and sales models. The calculation is based on historical performance and expected development in the market in which the entity operates. Cash flows beyond the five-year period are extrapolated using the estimated growth rates stated below.  SensitivityThe  Group  has  calculated  the  impact  on  the  impairment  assessment  resulting  from  increasing and/or  decreasing  key  variables  in  the  valuation  model.  For  the  scenarios  examined,  the  Group concludes that there is significant headroom to carrying value for both goodwill assets.  ISWT2022 2021Long term growth rate (%) 2% 2%Long term gross margin (%) 25% 25%Average annual growth rate used in cash flow projections (%) 38% 52%Discount rate pre tax (%) 9.6% 9.5%  EDEA2022 2021Long term growth rate (%) 0% -Average annual growth rate used in cash flow projections (%) 0% -Annual inflation (%) 2% -Discount rate pre tax (%) 5% -The assumptions for ISWT has changed from 2021 to 2022, mainly related to growth rate used in cash  flow  projections.  The  change  in  growth  rate  is  reflecting  the  general  macro  uncertainty. Despite this, significant headroom is maintained in the covenant test. The goodwill allocated arising from acquisition of EDEA was not tested for impairment in 2021. This was due to the short time from acquisition to the balance sheet date. In the impairment test for 2022, key factors can be seen above. For simplicity and due to very significant headroom, the long term growth rate is set to 0%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__87": {
   "value": "Note 15. Other receivables and prepaymentsAmounts in NOK thousandCurrent receivables  31 Dec 2022 31 Dec 2021Subsidy related receivables 114 623 10 623VAT receivables 24 181 10 277Prepaid expenses 10 180 2 512Receivables from associated companies 278 353Other receivables 51 133 26 878Total other receivables and prepayments 200 395 50 643Subsidy related receivables are related to subsidy programs in Sweden and Italy where parts of the consideration from the customer is settled non-cash in the form of tax credit receivables, with the majority being Italian tax credit receivables. The Italian government has implemented the Ecobonus program where consumers get support for energy  requalification  projects.  Under  this  system,  the  consumer  is  issued  a  tax  credit  from  the Italian state that can offset taxes and certain other public duties. As common in the Italian market, Otovo  purchases such tax credit to  effectively  provide  the  consumer  with  a  cash  subsidy.  Otovo can choose whether to sell the credits to a third party or offset towards taxes and public duties. The fair value of the tax credit is included in revenue at the transaction date.During 2022 Otovo sold, and received settlement, for tax credits with a net book value of NOK 8m. Otovo also signed agreements for disposal of additional tax credits with a net book value of NOK 17 million.  As  of  31  December  2022  the  gross  carrying  amount  of  the  tax  credit  assets  was  NOK  102 million,  of  which  approximately  NOK  22  million  are  tax  credits  on  prepayments  with  an  opposite entry in other current liabilities.The  increase  compared  with  last  year  is  explained  by  increasing  activity  and  long  lag  from  the invoice  is  issued  until  the  tax  credit  receivable  has  been  disposed  and  settlement  received.  The long lag was mainly due to changes in requirements in Italy during the year, putting all disposals of tax  credits  on  hold,  Otovo  adapted  to  the  changes  in  requirements  and  the  disposal  activity increased  in  the  end  of  2022  and  is  expected  to  continue  to  increase  in  2023  as  the  customer's option to sell such tax credits is discontinued.Refer  to  note  25  for  further  information  about  additional  changes  in  regulations  in  Italy implemented in 2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__90": {
   "value": "Note 16. Interest-bearing liabilitiesAmounts in NOK thousandAt the end the year the Group has 3 loans from Banque Publique d'Investissement (BPI), one loan from Innovasjon Norge and one loan to Nordea Bank Aps. In addition to this the Group has lease liabilities relating to office premises. Ref to note 12 for further details about the lease liabilities. As part of the loan agreement EDEA entered into with Nordea ABP in 2020, five draws on the facility was performed during the year 2022. Total outstanding amount at year end 2022 was MNOK 126, out of a committed facility of MNOK 150. Transaction costs incurred as part of the establishment of the facility and draws are amortised over the loan period. Outstanding nominal value At 31 Dec 2022 Currency Interest rate Maturity(Currency) (NOK)BPI 1 EUR 5.27% April 2025 50 525BPI 2 EUR 1.25% September 2025 96 1 008BPI 3 EUR 2.81% March 2027 475 4 985Innovasjon Norge NOK Floating April 2023 2,500 2 500March 2037 - Nordea Bank Aps EUR EURIBOR + 2,50%12,012 126 119March 2042Total         135 136  Non-current Current31 Dec 2022 31 Dec 2021 31 Dec 2022 31 Dec 2021Interest-bearing liabilitiesBorrowings from credit institutions125 6725 8726 9641 014Other interest-bearing liabilities - 938 2 500 4 063Total interest-bearing liabilities 125 672 6 809 9 464 5 07631 December 2022 31 December 2021Interest-bearing liabilities by currency Currency NOK Currency NOK amountamountamountamountEUR 12 633 132 636 690 6 885NOK 2 500 2 500 5 000 5 000Other currencies - - - -Total interest-bearing liabilities   135 136   11 885Interest-bearing liabilities - maturity 2022 2023 2024 2025 2026 2027 2028 TotalBorrowings from credit institutions and other 9 464 9 134 8 945 8 588 8 064 7 539 51 734interest-bearing liabilitiesTotal interest-bearing liabilities excl. prepaid 9 464 9 134 8 954 8 588 8 064 7 539 51 734borrowing expensesInterest to be paid on interest-bearing liabilities 8 131 7 540 6 961 6 406 5 884 5 396 40 318Total interest payments 8 131 7 540 6 961 6 406 5 884 5 396 40 318Total future payments on interest-bearing liabilities 17 595 16 674 15 906 14 994 13 948 12 935 92 052Interest-bearing liabilities - maturity 2021 2022 2023 2024 2025 2026 2027 TotalBorrowings from credit institutions and other   5 080 2 434 1 537 1 337 998 499 11 885interest-bearing liabilitiesTotal interest-bearing liabilities excl. prepaid 5 080 2 434 1 537 1 337 998 499 11 885borrowing expensesInterest to be paid on interest-bearing liabilities 272 175 113 60 25 10 655Total interest payments 272 175 113 60 25 10 655Total future payments on interest-bearing liabilities 5 353 2 609 1 650 1 397 1 023 509 12 541Financial CovenantsThe debt facility held with Nordea Bank Aps contains financial covenants. The covenants covers the following ratios: leverage ratio, interest cover ratio and equity ratio. At year end, EDEA Midco is compliant with the financial covenants set out in the agreement. The facility was ended after reporting period. Please refer to note 25 for further details. Change of ControlIn addition to the financial covenants, the facility agreement with Nordea Bank Aps contains a change of control clause. Security and GuaranteesThe debt facility held with Nordea Bank Aps is secured by all outstanding shares in EDEA Midco and it subsidiaries, intra-group loans and credit, shareholder loans granted to EDEA Midco, trade receivables, inventory and operating assets, all bank accounts, and guarantees provided by the Guarantors.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__89-1": {
   "value": "Note 16. Interest-bearing liabilitiesAmounts in NOK thousandAt <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>end <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>year <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>Group <span class=\"_ _12\"></span>has <span class=\"_ _10\"></span>3 <span class=\"_ _12\"></span>loans <span class=\"_ _10\"></span>from <span class=\"_ _12\"></span>Banque <span class=\"_ _12\"></span>Publique <span class=\"_ _10\"></span>d'Investissement <span class=\"_ _12\"></span>(BPI), <span class=\"_ _10\"></span>one <span class=\"_ _12\"></span>loan from <span class=\"_ _12\"></span>Innovasjon <span class=\"_ _12\"></span>Norge <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>one <span class=\"_ _12\"></span>loan <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>Nordea <span class=\"_ _12\"></span>Bank <span class=\"_ _12\"></span>Aps. <span class=\"_ _12\"></span>In <span class=\"_ _12\"></span>addition <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>this <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>Group <span class=\"_ _12\"></span>has <span class=\"_ _12\"></span>lease liabilities relating to office premises. Ref to note 12 for further details about the lease liabilities. As <span class=\"_ _e\"></span>part <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>loan <span class=\"_ _e\"></span>agreement <span class=\"_ _e\"></span>EDEA <span class=\"_ _10\"></span>entered <span class=\"_ _e\"></span>into <span class=\"_ _e\"></span>with <span class=\"_ _e\"></span>Nordea <span class=\"_ _e\"></span>ABP <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>2020, <span class=\"_ _e\"></span>five <span class=\"_ _10\"></span>draws <span class=\"_ _e\"></span>on <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>facility was performed during the year 2022. Total outstanding amount <span class=\"_ _e\"></span>at year end 2022 was MNOK 126, out of <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>committed <span class=\"_ _e\"></span>facility <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>MNOK <span class=\"_ _e\"></span>150. <span class=\"_ _e\"></span>Transaction <span class=\"_ _10\"></span>costs <span class=\"_ _e\"></span>incurred <span class=\"_ _e\"></span>as <span class=\"_ _10\"></span>part <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>establishment <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>the facility and draws are amortised over the loan period. Outstanding nominal value At 31 Dec 2022<span class=\"_ _4a\"> </span>Currency<span class=\"_ _cb\"> </span>Interest rate<span class=\"_ _ba\"> </span>Maturity(Currency)<span class=\"_ _63\"> </span>(NOK)BPI 1<span class=\"_ _1e2\"> </span>EUR<span class=\"_ _19a\"> </span>5.27%<span class=\"_ _1a\"> </span>April 2025<span class=\"_ _8b\"> </span>50<span class=\"_ _98\"> </span>525BPI 2<span class=\"_ _1e3\"> </span>EUR<span class=\"_ _91\"> </span>1.25%<span class=\"_ _1a\"> </span>September 2025<span class=\"_ _d0\"> </span>96<span class=\"_ _13c\"> </span>1 008BPI 3<span class=\"_ _1e3\"> </span>EUR<span class=\"_ _91\"> </span>2.81%<span class=\"_ _1f\"> </span>March 2027<span class=\"_ _1e4\"> </span>475<span class=\"_ _121\"> </span>4 985Innovasjon Norge<span class=\"_ _65\"> </span>NOK<span class=\"_ _4e\"> </span>Floating<span class=\"_ _1a\"> </span>April 2023<span class=\"_ _1e4\"> </span>2,500<span class=\"_ _89\"> </span>2 500March 2037 - Nordea Bank Aps<span class=\"_ _158\"> </span>EUR<span class=\"_ _bb\"> </span>EURIBOR + 2,50%12,012<span class=\"_ _12c\"> </span>126 119March 2042Total<span class=\"_ _1e5\"> </span><span class=\"ff4\"> <span class=\"_ _1e6\"> </span> <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span> <span class=\"_ _5e\"> </span></span>135 136 <span class=\"_ _fe\"> </span><span class=\"ff3\">Non-current<span class=\"_ _1e1\"> </span>Current</span>31 Dec 2022<span class=\"_ _86\"> </span>31 Dec 2021<span class=\"_ _6c\"> </span>31 Dec 2022<span class=\"_ _2\"> </span>31 Dec 2021Interest-bearing liabilitiesBorrowings from credit institutions125 6725 8726 9641 014Other interest-bearing liabilities<span class=\"_ _1e7\"> </span>-<span class=\"_ _f2\"> </span>938<span class=\"_ _f0\"> </span>2 500<span class=\"_ _f0\"> </span>4 063Total interest-bearing liabilities<span class=\"_ _12e\"> </span>125 672<span class=\"_ _5a\"> </span>6 809<span class=\"_ _133\"> </span>9 464<span class=\"_ _13c\"> </span>5 07631 December 2022<span class=\"_ _161\"> </span>31 December 2021Interest-bearing liabilities by currency<span class=\"_ _101\"> </span>Currency NOK Currency NOK amountamountamountamountEUR<span class=\"_ _1e9\"> </span>12 633<span class=\"_ _84\"> </span>132 636<span class=\"_ _d7\"> </span>690<span class=\"_ _124\"> </span>6 885NOK<span class=\"_ _175\"> </span>2 500<span class=\"_ _6f\"> </span>2 500<span class=\"_ _124\"> </span>5 000<span class=\"_ _9c\"> </span>5 000Other currencies<span class=\"_ _1ea\"> </span>-<span class=\"_ _1eb\"> </span>-<span class=\"_ _1eb\"> </span>-<span class=\"_ _1eb\"> </span>-Total interest-bearing liabilities<span class=\"_ _1bc\"> </span><span class=\"ff4\"> <span class=\"_ _69\"> </span></span>135 136<span class=\"_ _53\"> </span><span class=\"ff4\"> <span class=\"_ _128\"> </span></span>11 885Interest-bearing liabilities - maturity 2022<span class=\"_ _9d\"> </span>2023<span class=\"_ _28\"> </span>2024<span class=\"_ _28\"> </span>2025<span class=\"_ _7\"> </span>2026<span class=\"_ _ac\"> </span>2027<span class=\"_ _46\"> </span>2028<span class=\"_ _b\"> </span>TotalBorrowings from credit institutions and other 9 464<span class=\"_ _28\"> </span>9 134<span class=\"_ _20\"> </span>8 945<span class=\"_ _20\"> </span>8 588<span class=\"_ _20\"> </span>8 064<span class=\"_ _c\"> </span>7 539<span class=\"_ _3b\"> </span>51 734interest-bearing liabilitiesTotal interest-bearing liabilities excl. prepaid 9 464<span class=\"_ _7\"> </span>9 134<span class=\"_ _3a\"> </span>8 954<span class=\"_ _20\"> </span>8 588<span class=\"_ _3a\"> </span>8 064<span class=\"_ _41\"> </span>7 539<span class=\"_ _22\"> </span>51 734borrowing expensesInterest to be paid on interest-bearing liabilities<span class=\"_ _ed\"> </span>8 131<span class=\"_ _c\"> </span>7 540<span class=\"_ _b\"> </span>6 961<span class=\"_ _20\"> </span>6 406<span class=\"_ _42\"> </span>5 884<span class=\"_ _42\"> </span>5 396<span class=\"_ _22\"> </span>40 318Total interest payments<span class=\"_ _1e8\"> </span>8 131<span class=\"_ _24\"> </span>7 540<span class=\"_ _7\"> </span>6 961<span class=\"_ _3a\"> </span>6 406<span class=\"_ _3a\"> </span>5 884<span class=\"_ _24\"> </span>5 396<span class=\"_ _3f\"> </span>40 318Total future payments on interest-bearing liabilities<span class=\"_ _2d\"> </span>17 595<span class=\"_ _22\"> </span>16 674<span class=\"_ _25\"> </span>15 906<span class=\"_ _25\"> </span>14 994<span class=\"_ _25\"> </span>13 948<span class=\"_ _2c\"> </span>12 935<span class=\"_ _2b\"> </span>92 052Interest-bearing liabilities - maturity 2021<span class=\"_ _97\"> </span>2022<span class=\"_ _46\"> </span>2023<span class=\"_ _28\"> </span>2024<span class=\"_ _28\"> </span>2025<span class=\"_ _28\"> </span>2026<span class=\"_ _46\"> </span>2027<span class=\"_ _7\"> </span>TotalBorrowings from credit institutions and other   5 080<span class=\"_ _24\"> </span>2 434<span class=\"_ _ac\"> </span>1 537<span class=\"_ _5d\"> </span>1 337<span class=\"_ _aa\"> </span>998<span class=\"_ _aa\"> </span>499<span class=\"_ _3a\"> </span>11 885interest-bearing liabilitiesTotal interest-bearing liabilities excl. prepaid 5 080<span class=\"_ _42\"> </span>2 434<span class=\"_ _ac\"> </span>1 537<span class=\"_ _ac\"> </span>1 337<span class=\"_ _aa\"> </span>998<span class=\"_ _6\"> </span>499<span class=\"_ _40\"> </span>11 885borrowing expensesInterest to be paid on interest-bearing liabilities<span class=\"_ _a8\"> </span>272<span class=\"_ _3\"> </span>175<span class=\"_ _6c\"> </span>113<span class=\"_ _119\"> </span>60<span class=\"_ _6c\"> </span>25<span class=\"_ _86\"> </span>10<span class=\"_ _aa\"> </span>655Total interest payments<span class=\"_ _1ec\"> </span>272<span class=\"_ _5\"> </span>175<span class=\"_ _87\"> </span>113<span class=\"_ _2a\"> </span>60<span class=\"_ _2a\"> </span>25<span class=\"_ _2\"> </span>10<span class=\"_ _6\"> </span>655Total future payments on interest-bearing liabilities<span class=\"_ _aa\"> </span>5 353<span class=\"_ _c\"> </span>2 609<span class=\"_ _b\"> </span>1 650<span class=\"_ _ac\"> </span>1 397<span class=\"_ _28\"> </span>1 023<span class=\"_ _6\"> </span>509<span class=\"_ _30\"> </span>12 541Financial CovenantsThe debt facility held with Nordea Bank Aps contains financial covenants. The covenants covers the following ratios: leverage ratio, interest cover ratio and equity ratio. At year end, EDEA Midco is compliant with the financial covenants set out in the agreement. The facility was ended after reporting period. Please refer to note 25 for further details. Change of ControlIn addition to the financial covenants, the facility agreement with Nordea Bank Aps contains a change of control clause. Security and GuaranteesThe debt facility held with Nordea Bank Aps is secured by all outstanding shares in EDEA Midco and it subsidiaries, intra-group loans and credit, shareholder loans granted to EDEA Midco, trade receivables, inventory and operating assets, all bank accounts, and guarantees provided by the Guarantors.Note 18. Other liabilitiesAmounts in NOK thousandOther current liabilities<span class=\"_ _11a\"> </span>31 Dec 2022<span class=\"_ _73\"> </span>31 Dec 2021Accrued wages and holiday pay<span class=\"_ _1f6\"> </span>34 816<span class=\"_ _18f\"> </span>14 685Indirect taxes payable<span class=\"_ _1cb\"> </span>27 415<span class=\"_ _146\"> </span>22 132Accrued interest costs<span class=\"_ _1f7\"> </span>3<span class=\"_ _ea\"> </span>2Other accruals<span class=\"_ _184\"> </span>63 269<span class=\"_ _98\"> </span>22 765Prepayments from customers<span class=\"_ _185\"> </span>49 169<span class=\"_ _12a\"> </span>9 291Earnout provision<span class=\"_ _1f8\"> </span>-<span class=\"_ _1f9\"> </span>886Current portion of non-current debt<span class=\"_ _1dd\"> </span>9 464<span class=\"_ _160\"> </span>5 076Other current liabilities<span class=\"_ _1fa\"> </span>3<span class=\"_ _1ef\"> </span>3 427Total other current liabilities<span class=\"_ _1fb\"> </span>184 139<span class=\"_ _fc\"> </span>78 264WarrantiesThe <span class=\"_ _14\"> </span>Group <span class=\"_ _14\"> </span>provides <span class=\"_ _1d\"> </span>warranties <span class=\"_ _14\"> </span>for <span class=\"_ _1d\"> </span>general <span class=\"_ _14\"> </span>repairs <span class=\"_ _1d\"> </span>of <span class=\"_ _14\"> </span>defects <span class=\"_ _1d\"> </span>that <span class=\"_ _14\"> </span>existed <span class=\"_ _1d\"> </span>at <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>time <span class=\"_ _14\"> </span>of <span class=\"_ _1d\"> </span>sale, <span class=\"_ _14\"> </span>as required <span class=\"_ _e\"></span>by <span class=\"_ _e\"></span>law. For <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>direct <span class=\"_ _e\"></span>sales of <span class=\"_ _e\"></span>solar <span class=\"_ _e\"></span>panel <span class=\"_ _e\"></span>installations and <span class=\"_ _e\"></span>batteries <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>warranty <span class=\"_ _e\"></span>period is up <span class=\"_ _45\"> </span>to <span class=\"_ _19\"> </span>10 <span class=\"_ _19\"> </span>years, <span class=\"_ _19\"> </span>varying <span class=\"_ _19\"> </span>from <span class=\"_ _19\"> </span>market <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>market. <span class=\"_ _45\"> </span>The <span class=\"_ _19\"> </span>Group <span class=\"_ _19\"> </span>has <span class=\"_ _19\"> </span>back <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>back <span class=\"_ _19\"> </span>warranties <span class=\"_ _45\"> </span>with hardware <span class=\"_ _e\"></span>producers <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>installation <span class=\"_ _10\"></span>partners, <span class=\"_ _e\"></span>but <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>ultimately <span class=\"_ _10\"></span>responsible <span class=\"_ _e\"></span>for <span class=\"_ _e\"></span>solving <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>problem in <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>event <span class=\"_ _12\"></span>that <span class=\"_ _12\"></span>hardware <span class=\"_ _14\"></span>producers <span class=\"_ _12\"></span>fail <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>replace <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>defect <span class=\"_ _14\"></span>hardware, <span class=\"_ _12\"></span>or <span class=\"_ _12\"></span>installation <span class=\"_ _12\"></span>partners fail <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>resolve <span class=\"_ _10\"></span>issues <span class=\"_ _12\"></span>related <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>quality <span class=\"_ _12\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>work <span class=\"_ _12\"></span>performed <span class=\"_ _12\"></span>on <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>installation. <span class=\"_ _12\"></span>The <span class=\"_ _10\"></span>Group <span class=\"_ _12\"></span>is also <span class=\"_ _14\"> </span>responsible <span class=\"_ _14\"> </span>for <span class=\"_ _14\"> </span>covering <span class=\"_ _1d\"> </span>the <span class=\"_ _14\"> </span>installation <span class=\"_ _14\"> </span>work <span class=\"_ _14\"> </span>related <span class=\"_ _1d\"> </span>to <span class=\"_ _14\"> </span>replacing <span class=\"_ _14\"> </span>defect <span class=\"_ _14\"> </span>hardware. <span class=\"_ _1d\"> </span>Refer <span class=\"_ _14\"> </span>to note 2 for further information about warranties.As <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>replacement <span class=\"_ _1d\"> </span>cost <span class=\"_ _14\"> </span>is <span class=\"_ _1d\"> </span>not <span class=\"_ _14\"> </span>expected <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>be <span class=\"_ _14\"> </span>significant <span class=\"_ _14\"> </span>and <span class=\"_ _1d\"> </span>it <span class=\"_ _14\"> </span>is <span class=\"_ _1d\"> </span>difficult <span class=\"_ _14\"> </span>to <span class=\"_ _14\"> </span>prepare <span class=\"_ _1d\"> </span>a <span class=\"_ _14\"> </span>reliable estimate, <span class=\"_\"> </span>including <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>percentage <span class=\"_\"> </span>of <span class=\"_ _19\"> </span>defect <span class=\"_\"> </span>hardware <span class=\"_ _45\"> </span>or <span class=\"_ _19\"> </span>installations <span class=\"_\"> </span>with <span class=\"_ _19\"> </span>quality <span class=\"_\"> </span>issues, <span class=\"_ _45\"> </span>the timing of the issue and <span class=\"_ _e\"></span>the Group\u2019s share of the expense, no accruals <span class=\"_ _e\"></span>have been made. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Since <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>start <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>Otovo\u2019s <span class=\"_ _10\"></span>operations <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>expenses <span class=\"_ _10\"></span>relating <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>malfunctions <span class=\"_ _10\"></span>one <span class=\"_ _e\"></span>year <span class=\"_ _10\"></span>or <span class=\"_ _10\"></span>more <span class=\"_ _10\"></span>after the <span class=\"_ _1d\"> </span>installation <span class=\"_ _14\"> </span>date <span class=\"_ _1d\"> </span>have <span class=\"_ _1d\"> </span>been <span class=\"_ _1d\"> </span>immaterial <span class=\"_ _1d\"> </span>and <span class=\"_ _1d\"> </span>according <span class=\"_ _1d\"> </span>to <span class=\"_ _1d\"> </span>information <span class=\"_ _1d\"> </span>received <span class=\"_ _1d\"> </span>by <span class=\"_ _1d\"> </span>hardware producers and distributors is that they receive warranty claims on less than 1% of all panels sold.Note 19. Risk managementAmounts in NOK thousandThe Group\u2019s <span class=\"_ _e\"></span>capital management policy is <span class=\"_ _e\"></span>to have a <span class=\"_ _e\"></span>capital structure which meets <span class=\"_ _e\"></span>the demands of operations, <span class=\"_ _10\"></span>reduces <span class=\"_ _10\"></span>cost <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>capital <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>complies <span class=\"_ _10\"></span>with <span class=\"_ _10\"></span>financial <span class=\"_ _10\"></span>covenants <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>future <span class=\"_ _e\"></span>investments planned <span class=\"_ _12\"></span>by <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>Group. <span class=\"_ _12\"></span>The <span class=\"_ _12\"></span>Group <span class=\"_ _12\"></span>will <span class=\"_ _14\"></span>adjust <span class=\"_ _12\"></span>debt <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>equity <span class=\"_ _14\"></span>to <span class=\"_ _12\"></span>maintain <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>secure <span class=\"_ _14\"></span>an <span class=\"_ _12\"></span>optimal capital structure by continuously monitoring the total equity level and the equity ratio of the Group. The <span class=\"_\"> </span>Group\u2019s <span class=\"_\"> </span>activities <span class=\"_\"> </span>are <span class=\"_\"> </span>exposed <span class=\"_\"> </span>to <span class=\"_\"> </span>financial <span class=\"_\"> </span>risks: <span class=\"_\"> </span>credit <span class=\"_ _45\"> </span>risk, <span class=\"_ _45\"> </span>liquidity <span class=\"_ _45\"> </span>risk, <span class=\"_\"> </span>currency <span class=\"_ _45\"> </span>risk <span class=\"_ _45\"> </span>and interest <span class=\"_\"> </span>risk. <span class=\"_\"> </span>The <span class=\"_\"> </span>Group\u2019s <span class=\"_\"> </span>overall <span class=\"_ _19\"> </span>risk <span class=\"_\"> </span>management <span class=\"_\"> </span>program <span class=\"_\"> </span>focuses <span class=\"_\"> </span>on <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>unpredictability <span class=\"_\"> </span>of financial <span class=\"_ _11\"> </span>markets <span class=\"_ _1e\"> </span>and <span class=\"_ _1e\"> </span>seeks <span class=\"_ _1e\"> </span>to <span class=\"_ _1e\"> </span>minimise <span class=\"_ _11\"> </span>potential <span class=\"_ _1e\"> </span>adverse <span class=\"_ _1e\"> </span>effects <span class=\"_ _1e\"> </span>on <span class=\"_ _1e\"> </span>the <span class=\"_ _11\"> </span>Group\u2019s <span class=\"_ _1e\"> </span>financial performance. Overall the Group considers the financial risk to be acceptable.Credit riskCredit <span class=\"_ _1d\"> </span>risk <span class=\"_ _1d\"> </span>is <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>loss <span class=\"_ _13\"> </span>that <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group <span class=\"_ _1d\"> </span>would <span class=\"_ _13\"> </span>suffer <span class=\"_ _1d\"> </span>if <span class=\"_ _13\"> </span>a <span class=\"_ _1d\"> </span>counterparty <span class=\"_ _13\"> </span>fails <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>perform <span class=\"_ _1d\"> </span>its <span class=\"_ _1d\"> </span>financial obligations. The <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _14\"> </span>credit <span class=\"_ _14\"></span>risks <span class=\"_ _12\"></span>largely <span class=\"_ _14\"> </span>arise <span class=\"_ _12\"></span>from <span class=\"_ _14\"> </span>trade <span class=\"_ _14\"></span>receivables <span class=\"_ _12\"></span>and <span class=\"_ _14\"> </span>cash <span class=\"_ _12\"></span>and <span class=\"_ _14\"> </span>cash <span class=\"_ _14\"> </span>equivalents. <span class=\"_ _12\"></span>The counterparts <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _12\"></span>cash <span class=\"_ _10\"></span>deposits <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>large <span class=\"_ _10\"></span>banks <span class=\"_ _12\"></span>which <span class=\"_ _12\"></span>are <span class=\"_ _10\"></span>considered <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>be <span class=\"_ _12\"></span>solid. <span class=\"_ _10\"></span>The Group assesses that there are no material credit risks associated with these deposits.Credit <span class=\"_ _19\"> </span>risk <span class=\"_ _19\"> </span>related <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>trade <span class=\"_ _19\"> </span>receivables <span class=\"_ _19\"> </span>is <span class=\"_ _d\"> </span>assessed <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>be <span class=\"_ _19\"> </span>limited <span class=\"_ _19\"> </span>due <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>high <span class=\"_ _d\"> </span>number <span class=\"_ _19\"> </span>of customers <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _12\"></span>customer <span class=\"_ _10\"></span>base <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>further <span class=\"_ _10\"></span>mitigated <span class=\"_ _12\"></span>through <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>use <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>credit <span class=\"_ _12\"></span>rating agencies <span class=\"_ _e\"></span>ahead of <span class=\"_ _e\"></span>sales, use <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>prepayments for <span class=\"_ _e\"></span>customers or <span class=\"_ _e\"></span>markets <span class=\"_ _e\"></span>with higher <span class=\"_ _e\"></span>risk, <span class=\"_ _e\"></span>continuous monitoring <span class=\"_ _e\"></span>of overdue <span class=\"_ _e\"></span>invoices, all <span class=\"_ _e\"></span>combined <span class=\"_ _e\"></span>with the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>holding the <span class=\"_ _e\"></span>right <span class=\"_ _e\"></span>to reclaim <span class=\"_ _e\"></span>the assets in case of payment default.An <span class=\"_\"> </span>important <span class=\"_ _19\"> </span>element <span class=\"_ _19\"> </span>of <span class=\"_\"> </span>the <span class=\"_ _19\"> </span>credit <span class=\"_ _19\"> </span>risk <span class=\"_ _45\"> </span>profile <span class=\"_ _19\"> </span>for <span class=\"_ _19\"> </span>the <span class=\"_ _45\"> </span>Group <span class=\"_ _19\"> </span>is <span class=\"_ _19\"> </span>that <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>subset <span class=\"_ _19\"> </span>of <span class=\"_ _45\"> </span>customers addressed <span class=\"_ _14\"> </span>are, <span class=\"_ _14\"> </span>as <span class=\"_ _14\"></span>homeowners, <span class=\"_ _14\"></span>already <span class=\"_ _14\"></span>amongst <span class=\"_ _14\"></span>the <span class=\"_ _14\"></span>individuals <span class=\"_ _14\"></span>with <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>most <span class=\"_ _14\"> </span>robust <span class=\"_ _14\"> </span>economy and credit ratings. According <span class=\"_ _e\"></span>to Intrum, one of Europe\u2019s largest <span class=\"_ _e\"></span>debt collection agencies, the default probability <span class=\"_ _10\"></span>on <span class=\"_ _e\"></span>a <span class=\"_ _10\"></span>utility <span class=\"_ _10\"></span>bill <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>6 <span class=\"_ _10\"></span>times <span class=\"_ _10\"></span>lower <span class=\"_ _10\"></span>for <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>customer <span class=\"_ _10\"></span>owning <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>house <span class=\"_ _10\"></span>than <span class=\"_ _10\"></span>for <span class=\"_ _e\"></span>customers <span class=\"_ _10\"></span>who are <span class=\"_ _1d\"> </span>not <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>homeowner. <span class=\"_ _1d\"> </span>In <span class=\"_ _13\"> </span>addition, <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>single <span class=\"_ _1d\"> </span>point <span class=\"_ _13\"> </span>exposure <span class=\"_ _1d\"> </span>will <span class=\"_ _13\"> </span>be <span class=\"_ _1d\"> </span>low, <span class=\"_ _13\"> </span>as <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group <span class=\"_ _1d\"> </span>will <span class=\"_ _1d\"> </span>have thousands of single counterparties across Europe.Finally, <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>solar <span class=\"_ _e\"></span>system contract <span class=\"_ _e\"></span>will <span class=\"_ _e\"></span>be <span class=\"_ _e\"></span>cost <span class=\"_ _e\"></span>saving <span class=\"_ _e\"></span>for <span class=\"_ _e\"></span>customers in <span class=\"_ _e\"></span>most <span class=\"_ _e\"></span>markets, <span class=\"_ _e\"></span>resulting <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the outcome <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>end <span class=\"_ _12\"></span>customer <span class=\"_ _10\"></span>if <span class=\"_ _12\"></span>choosing <span class=\"_ _12\"></span>not <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>pay <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>subscription <span class=\"_ _12\"></span>contract <span class=\"_ _12\"></span>being <span class=\"_ _12\"></span>worse <span class=\"_ _10\"></span>than paying. <span class=\"_ _13\"> </span>In <span class=\"_ _2f\"> </span>addition <span class=\"_ _13\"> </span>this <span class=\"_ _2f\"> </span>element <span class=\"_ _13\"> </span>is <span class=\"_ _2f\"> </span>more <span class=\"_ _13\"> </span>prominent <span class=\"_ _2f\"> </span>in <span class=\"_ _13\"> </span>markets <span class=\"_ _2f\"> </span>with <span class=\"_ _13\"> </span>higher <span class=\"_ _2f\"> </span>expected <span class=\"_ _13\"> </span>loss <span class=\"_ _2f\"> </span>given defaults (LGD). I.e. the customer business case is often stronger in countries where the LGD is higher. Loss on receivables are recognized as displayed below. <span class=\"_ _1fc\"> </span><span class=\"ff3\">2022<span class=\"_ _67\"> </span>2021</span>Loss on trade receivables<span class=\"_ _f3\"> </span>153<span class=\"_ _5b\"> </span>712Loss on trade receivables in % of Revenues<span class=\"_ _114\"> </span>0.02%<span class=\"_ _7c\"> </span>0.25%Trade receivablesAt 31 December the exposure to credit risk were separated into the following segments; <span class=\"_ _1fd\"> </span><span class=\"ff3 fc2\">2022<span class=\"_ _130\"> </span>2021</span>Direct purchase<span class=\"_ _1fe\"> </span>44 722<span class=\"_ _101\"> </span>23 043Subscription<span class=\"_ _1ff\"> </span>1 945<span class=\"_ _1c0\"> </span>844Trade receivables at 31 December - ageing<span class=\"_ _200\"> </span>31 Dec 2022<span class=\"_ _81\"> </span>31 Dec 2021Not due<span class=\"_ _201\"> </span>19 524<span class=\"_ _115\"> </span>13 7381\u201330 days past due<span class=\"_ _202\"> </span>12 655<span class=\"_ _203\"> </span>4 27931\u201360 days past due<span class=\"_ _b6\"> </span>4 308<span class=\"_ _203\"> </span>3 28261\u201390 days past due<span class=\"_ _1ca\"> </span>1 894<span class=\"_ _a7\"> </span>706More than 90 days past due<span class=\"_ _b3\"> </span>8 286<span class=\"_ _53\"> </span>1 882Total trade receivables<span class=\"_ _171\"> </span>46 667<span class=\"_ _204\"> </span>23 887Bad debt provision<span class=\"_ _206\"> </span>-2 613<span class=\"_ _ec\"> </span>-1 717The <span class=\"_ _d\"> </span>Group <span class=\"_ _19\"> </span>applies <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>simplified <span class=\"_ _d\"> </span>approach <span class=\"_ _d\"> </span>to measuring <span class=\"_ _12\"></span>expected <span class=\"_ _14\"></span>credit <span class=\"_ _12\"></span>losses, <span class=\"_ _12\"></span>which <span class=\"_ _14\"> </span>uses <span class=\"_ _12\"></span>a lifetime <span class=\"_ _11\"> </span>expected <span class=\"_ _11\"> </span>loss <span class=\"_ _11\"> </span>allowance <span class=\"_ _11\"> </span>for <span class=\"_ _11\"> </span>all <span class=\"_ _11\"> </span>trade receivables.Historical losses in the <span class=\"_ _e\"></span>Group have been very low, as <span class=\"_ _12\"></span>result <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>measures <span class=\"_ _12\"></span>implemented <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>order to <span class=\"_ _12\"></span>reduce <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>credit <span class=\"_ _12\"></span>risk. <span class=\"_ _12\"></span>With <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>launch <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>new markets <span class=\"_ _18\"> </span>and <span class=\"_ _26\"> </span>and <span class=\"_ _18\"> </span>the <span class=\"_ _26\"> </span>acquisition <span class=\"_ _26\"> </span>of <span class=\"_ _18\"> </span>the subscription <span class=\"_ _10\"></span>business, <span class=\"_ _12\"></span>EDEA, <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>risk <span class=\"_ _10\"></span>changes, <span class=\"_ _10\"></span>as does the measures. <span class=\"_ _e\"></span>As an example prepayments are <span class=\"_ _f\"> </span>required <span class=\"_ _21\"> </span>for <span class=\"_ _f\"> </span>the <span class=\"_ _21\"> </span>whole <span class=\"_ _f\"> </span>or <span class=\"_ _21\"> </span>parts <span class=\"_ _f\"> </span>of <span class=\"_ _21\"> </span>the contract <span class=\"_ _1a\"> </span>amount <span class=\"_ _16\"> </span>in <span class=\"_ _1a\"> </span>some <span class=\"_ _1a\"> </span>markets. <span class=\"_ _16\"> </span>This <span class=\"_ _1a\"> </span>is reflecting <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>risk <span class=\"_ _19\"> </span>of <span class=\"_ _d\"> </span>default <span class=\"_ _19\"> </span>in <span class=\"_ _d\"> </span>those <span class=\"_ _19\"> </span>markets, and <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>local <span class=\"_ _14\"> </span>debt <span class=\"_ _14\"> </span>collection <span class=\"_ _1d\"> </span>process <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>tools available in case of default.For <span class=\"_ _14\"> </span>Direct <span class=\"_ _14\"> </span>Purchase <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>customers <span class=\"_ _14\"> </span>are <span class=\"_ _14\"> </span>grouped into <span class=\"_ _f\"> </span>categories, <span class=\"_ _21\"> </span>market <span class=\"_ _21\"> </span>by <span class=\"_ _21\"> </span>market, <span class=\"_ _f\"> </span>and <span class=\"_ _21\"> </span>the expected <span class=\"_ _19\"> </span>credit <span class=\"_ _19\"> </span>loss <span class=\"_ _19\"> </span>is <span class=\"_ _d\"> </span>estimated <span class=\"_ _19\"> </span>category <span class=\"_ _19\"> </span>by category. <span class=\"_ _1d\"> </span>The <span class=\"_ _13\"> </span>expected <span class=\"_ _13\"> </span>loss <span class=\"_ _13\"> </span>reflect <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group\u2019s ability <span class=\"_ _13\"> </span>to <span class=\"_ _13\"> </span>collect <span class=\"_\"> </span>once <span class=\"_ _1d\"> </span>receivables <span class=\"_\"> </span>are <span class=\"_ _1d\"> </span>overdue. The <span class=\"_ _3f\"> </span>residual <span class=\"_ _2b\"> </span>value <span class=\"_ _3f\"> </span>of <span class=\"_ _2b\"> </span>the <span class=\"_ _3f\"> </span>solar <span class=\"_ _3f\"> </span>panels installations <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>batteries <span class=\"_ _10\"></span>sold <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>included <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>the residual <span class=\"_ _19\"> </span>value, <span class=\"_ _d\"> </span>when <span class=\"_ _d\"> </span>relevant. <span class=\"_ _19\"> </span>For <span class=\"_ _d\"> </span>subscription customers <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>same <span class=\"_\"> </span>method <span class=\"_ _2f\"> </span>is <span class=\"_\"> </span>used, <span class=\"_ _2f\"> </span>however additional <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>estimating <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>expected <span class=\"_ _e\"></span>credit <span class=\"_ _10\"></span>loss for <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>trade <span class=\"_ _12\"></span>receivables, <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>fixed <span class=\"_ _14\"> </span>assets <span class=\"_ _12\"></span>(solar panel <span class=\"_ _1b\"> </span>systems <span class=\"_ _f\"> </span>mounted <span class=\"_ _1b\"> </span>on <span class=\"_ _f\"> </span>the <span class=\"_ _f\"> </span>subscription customers <span class=\"_ _16\"> </span>roof) <span class=\"_ _16\"> </span>related <span class=\"_ _17\"> </span>to <span class=\"_ _16\"> </span>customers <span class=\"_ _16\"> </span>with increased <span class=\"_ _e\"></span>risk of <span class=\"_ _e\"></span>payment default <span class=\"_ _e\"></span>is assessed <span class=\"_ _e\"></span>for impairment, <span class=\"_ _10\"></span>as <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>fixed <span class=\"_ _10\"></span>assets <span class=\"_ _10\"></span>would <span class=\"_ _10\"></span>ultimately be <span class=\"_ _57\"> </span>reclaimed <span class=\"_ _1b\"> </span>and <span class=\"_ _57\"> </span>sold <span class=\"_ _1b\"> </span>in <span class=\"_ _57\"> </span>the <span class=\"_ _1b\"> </span>second <span class=\"_ _57\"> </span>hand market.The <span class=\"_ _12\"></span>expected <span class=\"_ _12\"></span>loss <span class=\"_ _10\"></span>based <span class=\"_ _12\"></span>on <span class=\"_ _12\"></span>experience <span class=\"_ _12\"></span>from debt <span class=\"_ _1a\"> </span>collection <span class=\"_ _1f\"> </span>processes <span class=\"_ _1a\"> </span>and <span class=\"_ _1f\"> </span>estimated residual <span class=\"_ _13\"> </span>value <span class=\"_\"> </span>for <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>products <span class=\"_ _13\"> </span>that <span class=\"_\"> </span>can <span class=\"_ _13\"> </span>be reclaimed, both in current <span class=\"_ _e\"></span>and previous years. The <span class=\"_ _12\"></span>Group <span class=\"_ _10\"></span>is <span class=\"_ _12\"></span>however <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>an <span class=\"_ _12\"></span>early <span class=\"_ _12\"></span>stage <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>its commercial <span class=\"_ _14\"> </span>journey, <span class=\"_ _14\"></span>with <span class=\"_ _14\"></span>2021 <span class=\"_ _14\"></span>being <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>first year <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>operations <span class=\"_ _14\"> </span>in <span class=\"_ _1d\"> </span>several <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>markets, hence <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Group <span class=\"_ _1d\"> </span>has <span class=\"_ _1d\"> </span>limited <span class=\"_ _1d\"> </span>historical <span class=\"_ _1d\"> </span>data. As <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>consequence <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>this <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>loss <span class=\"_ _13\"> </span>rates <span class=\"_ _13\"> </span>are frequently <span class=\"_ _19\"> </span>reviewed <span class=\"_ _d\"> </span>and <span class=\"_ _19\"> </span>updated <span class=\"_ _19\"> </span>to <span class=\"_ _d\"> </span>reflect the actual risk in each of the Group's markets.Liquidity riskLiquidity <span class=\"_ _d\"> </span>risk <span class=\"_ _d\"> </span>is <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>risk <span class=\"_ _19\"> </span>that <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>will have <span class=\"_ _18\"> </span>difficulties <span class=\"_ _26\"> </span>in <span class=\"_ _18\"> </span>paying <span class=\"_ _26\"> </span>its <span class=\"_ _18\"> </span>financial liabilities.While <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Group <span class=\"_ _1d\"> </span>has <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>strong <span class=\"_ _1d\"> </span>cash <span class=\"_ _1d\"> </span>position, the <span class=\"_ _16\"> </span>subscription <span class=\"_ _16\"> </span>business <span class=\"_ _16\"> </span>is <span class=\"_ _16\"> </span>exposed <span class=\"_ _16\"> </span>to liquidity <span class=\"_ _16\"> </span>risk <span class=\"_ _16\"> </span>over <span class=\"_ _16\"> </span>time. <span class=\"_ _16\"> </span>The <span class=\"_ _16\"> </span>subscription business <span class=\"_ _13\"> </span>consists <span class=\"_\"> </span>mainly <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>purchasing <span class=\"_\"> </span>and installing <span class=\"_ _1f\"> </span>solar <span class=\"_ _1f\"> </span>systems <span class=\"_ _1a\"> </span>and <span class=\"_ _1f\"> </span>batteries <span class=\"_ _1f\"> </span>at private <span class=\"_ _12\"></span>individuals\u2019 <span class=\"_ _14\"> </span>houses, <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>entering <span class=\"_ _14\"> </span>into long <span class=\"_ _17\"> </span>term <span class=\"_ _15\"> </span>leasing <span class=\"_ _17\"> </span>contracts <span class=\"_ _15\"> </span>with <span class=\"_ _17\"> </span>these customers <span class=\"_ _1d\"> </span>(20 <span class=\"_ _1d\"> </span>years <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>PV <span class=\"_ _1d\"> </span>and <span class=\"_ _13\"> </span>10 <span class=\"_ _1d\"> </span>years <span class=\"_ _1d\"> </span>for batteries). The <span class=\"_ _1d\"> </span>management <span class=\"_ _13\"> </span>were <span class=\"_ _13\"> </span>working <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>secure <span class=\"_ _13\"> </span>a financing <span class=\"_\"> </span>package <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>end <span class=\"_ _19\"> </span>of <span class=\"_\"> </span>2022. <span class=\"_ _19\"> </span>This was <span class=\"_ _f\"> </span>landed <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>January <span class=\"_ _f\"> </span>2023, <span class=\"_ _f\"> </span>see <span class=\"_ _f\"> </span>further information <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>note <span class=\"_ _13\"> </span>25. <span class=\"_ _13\"> </span>With <span class=\"_\"> </span>the <span class=\"_ _13\"> </span>announced financing <span class=\"_ _f\"> </span>package <span class=\"_ _f\"> </span>of <span class=\"_ _f\"> </span>NOK <span class=\"_ _f\"> </span>250 <span class=\"_ _f\"> </span>million <span class=\"_ _f\"> </span>in equity <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>up <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>EUR <span class=\"_ _14\"> </span>100 <span class=\"_ _14\"> </span>million <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>debt, <span class=\"_ _14\"> </span>the Group\u2019s <span class=\"_ _1a\"> </span>growth <span class=\"_ _1a\"> </span>in <span class=\"_ _1a\"> </span>subscription <span class=\"_ _1a\"> </span>assets <span class=\"_ _1a\"> </span>is secured <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>short <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>medium <span class=\"_ _e\"></span>term. <span class=\"_ _e\"></span>In <span class=\"_ _e\"></span>the longer <span class=\"_ _1a\"> </span>term, <span class=\"_ _16\"> </span>financing <span class=\"_ _1a\"> </span>of <span class=\"_ _1a\"> </span>new <span class=\"_ _16\"> </span>customer contracts may require further debt and equity financing or a disposal of assets.Maturity profile of the Group\u2019s liabilities (in nominal values) <span class=\"_ _207\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.22yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _e6\"> </span>16 619<span class=\"_ _3e\"> </span>7 918<span class=\"_ _aa\"> </span>5 158<span class=\"_ _49\"> </span>3 544<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other135 136<span class=\"_ _7\"> </span>17 595<span class=\"_ _b\"> </span>16 674<span class=\"_ _8\"> </span>15 906<span class=\"_ _8\"> </span>14 994<span class=\"_ _b\"> </span>13 948<span class=\"_ _41\"> </span>56 019Trade payables<span class=\"_ _1be\"> </span>71 473<span class=\"_ _ac\"> </span>71 473<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _1e7\"> </span>27 415<span class=\"_ _28\"> </span>27 415<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _36\"> </span>147 260<span class=\"_ _25\"> </span>147 260<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _164\"> </span>397 904<span class=\"_ _3a\"> </span>271 661<span class=\"_ _28\"> </span>21 832<span class=\"_ _c\"> </span>19 450<span class=\"_ _c\"> </span>14 994<span class=\"_ _41\"> </span>13 948<span class=\"_ _41\"> </span>56 019 <span class=\"_ _11b\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.21yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _208\"> </span>9 411<span class=\"_ _61\"> </span>2 797<span class=\"_ _9\"> </span>2 205<span class=\"_ _5c\"> </span>2 205<span class=\"_ _9\"> </span>2 205<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other12 541<span class=\"_ _49\"> </span>5 353<span class=\"_ _49\"> </span>2 609<span class=\"_ _aa\"> </span>1 650<span class=\"_ _131\"> </span>1 397<span class=\"_ _131\"> </span>1 023<span class=\"_ _2a\"> </span>509Trade payables<span class=\"_ _209\"> </span>29 889<span class=\"_ _40\"> </span>29 889<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _d2\"> </span>22 132<span class=\"_ _ac\"> </span>22 132<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _9a\"> </span>51 056<span class=\"_ _8\"> </span>51 056<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _20a\"> </span>125 029<span class=\"_ _41\"> </span>111 226<span class=\"_ _61\"> </span>4 814<span class=\"_ _23\"> </span>3 855<span class=\"_ _5c\"> </span>3 602<span class=\"_ _3e\"> </span>1 023<span class=\"_ _2a\"> </span>5091) Borrowings from credit institutions and other interest-bearing liabilitiesCurrency riskThe <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>is <span class=\"_ _10\"></span>exposed <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>currency <span class=\"_ _10\"></span>risk <span class=\"_ _e\"></span>related <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>investments <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>foreign <span class=\"_ _10\"></span>entities <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>proceeds <span class=\"_ _10\"></span>from these <span class=\"_ _1d\"> </span>investments <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>vary <span class=\"_ _13\"> </span>with <span class=\"_ _13\"> </span>changes <span class=\"_ _13\"> </span>in <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>exchange <span class=\"_ _13\"> </span>rate. <span class=\"_ _13\"> </span>The <span class=\"_ _13\"> </span>net <span class=\"_ _13\"> </span>income <span class=\"_ _13\"> </span>of <span class=\"_ _1d\"> </span>the Group is <span class=\"_ _e\"></span>also affected <span class=\"_ _e\"></span>by currency fluctuations, <span class=\"_ _e\"></span>as the profit <span class=\"_ _e\"></span>and losses <span class=\"_ _e\"></span>from foreign operations <span class=\"_ _e\"></span>are translated into NOK using the average exchange rates for the period.To <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>extent <span class=\"_ _14\"> </span>possible, <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>Group <span class=\"_ _14\"> </span>intends <span class=\"_ _14\"> </span>to <span class=\"_ _14\"></span>finance <span class=\"_ _14\"></span>its <span class=\"_ _12\"></span>operations <span class=\"_ _14\"> </span>through <span class=\"_ _14\"> </span>debt <span class=\"_ _14\"> </span>financing <span class=\"_ _14\"> </span>in <span class=\"_ _14\"></span>the respective <span class=\"_ _10\"></span>countries\u2019 <span class=\"_ _10\"></span>currency. <span class=\"_ _10\"></span>The <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _e\"></span>current <span class=\"_ _12\"></span>policy <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>not <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>hedge <span class=\"_ _12\"></span>its <span class=\"_ _10\"></span>currency <span class=\"_ _10\"></span>risk <span class=\"_ _10\"></span>through FX futures or other derivatives.The <span class=\"_ _e\"></span>currency <span class=\"_ _e\"></span>risk <span class=\"_ _e\"></span>for each <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Group\u2019s <span class=\"_ _e\"></span>subsidiaries <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>limited <span class=\"_ _e\"></span>as each <span class=\"_ _e\"></span>entity <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>its <span class=\"_ _e\"></span>revenues <span class=\"_ _e\"></span>and costs in its local currency. Wholesale prices of materials may to a certain extent <span class=\"_ _e\"></span>vary with variations in <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>exchange <span class=\"_ _2f\"> </span>rates, <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>will <span class=\"_ _2f\"> </span>influence <span class=\"_ _13\"> </span>prices <span class=\"_ _13\"> </span>to <span class=\"_ _2f\"> </span>customers <span class=\"_ _13\"> </span>which <span class=\"_ _13\"> </span>again <span class=\"_ _2f\"> </span>could <span class=\"_ _13\"> </span>affect <span class=\"_ _13\"> </span>the attractiveness of the product.SensitivityIf <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>following <span class=\"_ _14\"> </span>currencies <span class=\"_ _14\"> </span>had <span class=\"_ _14\"> </span>strengthened/weakened <span class=\"_ _1d\"> </span>against <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>functional <span class=\"_ _14\"> </span>currency, <span class=\"_ _14\"> </span>it <span class=\"_ _1d\"> </span>would have had the below <span class=\"ff5\">direct </span>effect on the Group\u2019s loss:Profit and loss <span class=\"_ _ad\"> </span><span class=\"ff3 fcc\">Change in<span class=\"_ _132\"> </span>2022<span class=\"_ _8b\"> </span>2021</span>EUR<span class=\"_ _20b\"> </span>+/- 10%<span class=\"_ _20c\"> </span>18 333<span class=\"_ _1c3\"> </span>8 485SEK<span class=\"_ _20d\"> </span>+/- 10%<span class=\"_ _20e\"> </span>2 680<span class=\"_ _15e\"> </span>1 940PLN<span class=\"_ _20d\"> </span>+/- 10%<span class=\"_ _1e2\"> </span>2 367<span class=\"_ _20f\"> </span>726GBP<span class=\"_ _144\"> </span>+/- 10%<span class=\"_ _1bd\"> </span>375<span class=\"_ _1ee\"> </span>-CHF<span class=\"_ _144\"> </span>+/- 10%<span class=\"_ _1c1\"> </span>1 207<span class=\"_ _1ee\"> </span>-USD<span class=\"_ _144\"> </span><span class=\"fca\">+/- 10%<span class=\"_ _f6\"> </span></span>284<span class=\"_ _210\"> </span>-Total<span class=\"_ _fe\"> </span><span class=\"ff4\"> <span class=\"_ _d9\"> </span></span>25 246<span class=\"_ _1c1\"> </span>11 151Interest rate riskEDEA, <span class=\"_\"> </span>the <span class=\"_\"> </span>subscription <span class=\"_\"> </span>business, <span class=\"_\"> </span>financed <span class=\"_ _19\"> </span>its <span class=\"_\"> </span>activities <span class=\"_\"> </span>in 2022 partly <span class=\"_ _e\"></span>through debt <span class=\"_ _e\"></span>financing <span class=\"_ _e\"></span>from Nordea <span class=\"_ _e\"></span>Bank. Thus the <span class=\"_ _10\"></span>Group <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>exposed <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>market <span class=\"_ _10\"></span>risk <span class=\"_ _10\"></span>related <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>fluctuations in <span class=\"_ _12\"></span>interest <span class=\"_ _10\"></span>rates <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>currencies <span class=\"_ _10\"></span>in <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>countries <span class=\"_ _10\"></span>where <span class=\"_ _12\"></span>the Group <span class=\"_ _19\"> </span>has <span class=\"_ _19\"> </span>operations. <span class=\"_ _d\"> </span>The <span class=\"_ _19\"> </span>interest <span class=\"_ _d\"> </span>rates <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>Group\u2019s financing <span class=\"_ _1d\"> </span>agreements <span class=\"_ _14\"> </span>vary <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>respective <span class=\"_ _1d\"> </span>IBOR-rate. Consequently, <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>is <span class=\"_ _19\"> </span>exposed <span class=\"_ _d\"> </span>to <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>risk <span class=\"_ _19\"> </span>that <span class=\"_ _d\"> </span>its financing costs may increase. This <span class=\"_ _14\"> </span>risk <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>mitigated <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>two <span class=\"_ _14\"> </span>ways. <span class=\"_ _1d\"> </span>The <span class=\"_ _14\"> </span>monthly <span class=\"_ _14\"> </span>payments from <span class=\"_ _16\"> </span>the <span class=\"_ _1a\"> </span>customers <span class=\"_ _16\"> </span>are <span class=\"_ _1a\"> </span>subject <span class=\"_ _16\"> </span>to <span class=\"_ _16\"> </span>an <span class=\"_ _1a\"> </span>annual <span class=\"_ _16\"> </span>CPI adjustment, <span class=\"_ _34\"> </span>which <span class=\"_ _34\"> </span>is <span class=\"_ _18\"> </span>expected <span class=\"_ _34\"> </span>to <span class=\"_ _18\"> </span>compensate <span class=\"_ _34\"> </span>for increasing financing <span class=\"_ _e\"></span>costs to <span class=\"_ _e\"></span>a large <span class=\"_ _e\"></span>extent. In <span class=\"_ _e\"></span>addition, the implicit <span class=\"_ _14\"> </span>interest <span class=\"_ _1d\"> </span>rates <span class=\"_ _1d\"> </span>in <span class=\"_ _1d\"> </span>new <span class=\"_ _1d\"> </span>customer <span class=\"_ _1d\"> </span>contracts <span class=\"_ _1d\"> </span>may <span class=\"_ _1d\"> </span>be increased <span class=\"_ _d\"> </span>if <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>financing <span class=\"_ _d\"> </span>costs <span class=\"_ _11\"> </span>increase, <span class=\"_ _d\"> </span>giving <span class=\"_ _11\"> </span>higher recurring <span class=\"_\"> </span>revenue <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>the <span class=\"_\"> </span>future. <span class=\"_ _13\"> </span>As <span class=\"_\"> </span>of <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>balance <span class=\"_\"> </span>sheet date <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>Group <span class=\"_ _19\"> </span>has <span class=\"_ _d\"> </span>very <span class=\"_ _19\"> </span>moderate <span class=\"_ _19\"> </span>debt <span class=\"_ _19\"> </span>financing <span class=\"_ _d\"> </span>and interest <span class=\"_ _1d\"> </span>expense, <span class=\"_ _13\"> </span>whereof <span class=\"_ _1d\"> </span>only <span class=\"_ _13\"> </span>NOK <span class=\"_ _13\"> </span>5 <span class=\"_ _1d\"> </span>million <span class=\"_ _13\"> </span>has <span class=\"_ _1d\"> </span>floating interest <span class=\"_ _10\"></span>rate, <span class=\"_ _12\"></span>hence <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>exposure <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>interest <span class=\"_ _10\"></span>fluctuations <span class=\"_ _12\"></span>is very limited.Overall <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>risk <span class=\"_ _11\"> </span>related <span class=\"_ _11\"> </span>to <span class=\"_ _11\"> </span>interest <span class=\"_ _11\"> </span>rates <span class=\"_ _11\"> </span>has <span class=\"_ _11\"> </span>increased during <span class=\"_ _21\"> </span>2022, <span class=\"_ _21\"> </span>with <span class=\"_ _21\"> </span>the <span class=\"_ _21\"> </span>increased <span class=\"_ _21\"> </span>central <span class=\"_ _21\"> </span>banks <span class=\"_ _21\"> </span>rates. However, <span class=\"_ _e\"></span>taking into <span class=\"_ _e\"></span>consideration the <span class=\"_ _e\"></span>mitigating <span class=\"_ _e\"></span>effects of inflation <span class=\"_ _15\"> </span>adjustment <span class=\"_ _15\"> </span>and <span class=\"_ _34\"> </span>yield <span class=\"_ _15\"> </span>adjustment <span class=\"_ _15\"> </span>on <span class=\"_ _34\"> </span>new contracts <span class=\"_ _e\"></span>(as <span class=\"_ _10\"></span>described <span class=\"_ _e\"></span>above), <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>Group <span class=\"_ _e\"></span>has <span class=\"_ _10\"></span>decided <span class=\"_ _e\"></span>to maintain <span class=\"_ _10\"></span>its\u2019 <span class=\"_ _12\"></span>policy <span class=\"_ _10\"></span>not <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>enter <span class=\"_ _12\"></span>into <span class=\"_ _10\"></span>interest <span class=\"_ _12\"></span>rate <span class=\"_ _10\"></span>swaps <span class=\"_ _10\"></span>to hedge interest rate risk.In <span class=\"_\"> </span>January <span class=\"_ _13\"> </span>2023 <span class=\"_\"> </span>the <span class=\"_\"> </span>Group <span class=\"_\"> </span>obtained <span class=\"_ _13\"> </span>a <span class=\"_\"> </span>new <span class=\"_\"> </span>debt <span class=\"_ _2f\"> </span>facility with <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>two <span class=\"_ _e\"></span>Norwegian <span class=\"_ _e\"></span>financial <span class=\"_ _e\"></span>institutions <span class=\"_ _e\"></span>DNB <span class=\"_ _e\"></span>Bank <span class=\"_ _e\"></span>and Sparebank 1 SR Bank see note 25 for further information.Note 21. Related party transactionsAmounts in NOK thousandRelated <span class=\"_ _10\"></span>parties <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>defined <span class=\"_ _10\"></span>as <span class=\"_ _12\"></span>entities <span class=\"_ _12\"></span>outside <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Otovo <span class=\"_ _12\"></span>Group <span class=\"_ _10\"></span>that <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>under <span class=\"_ _10\"></span>control <span class=\"_ _12\"></span>(directly <span class=\"_ _10\"></span>or indirectly), <span class=\"_ _d\"> </span>joint <span class=\"_ _d\"> </span>control, <span class=\"_ _11\"> </span>significant <span class=\"_ _d\"> </span>influence <span class=\"_ _d\"> </span>by <span class=\"_ _d\"> </span>Otovo. <span class=\"_ _11\"> </span>Equity <span class=\"_ _d\"> </span>accounted <span class=\"_ _d\"> </span>companies <span class=\"_ _d\"> </span>are <span class=\"_ _11\"> </span>also considered as related parties.The <span class=\"_ _10\"></span>investment <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>Holu <span class=\"_ _10\"></span>has <span class=\"_ _10\"></span>been <span class=\"_ _10\"></span>reclassified <span class=\"_ _10\"></span>from <span class=\"_ _10\"></span>investments <span class=\"_ _10\"></span>in <span class=\"_ _10\"></span>associated <span class=\"_ _10\"></span>companies <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>assets held for sale in accordance with IFRS 5.  The <span class=\"_ _d\"> </span>following <span class=\"_ _d\"> </span>amounts <span class=\"_ _11\"> </span>from <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>consolidated <span class=\"_ _d\"> </span>statement <span class=\"_ _11\"> </span>of <span class=\"_ _d\"> </span>profit <span class=\"_ _d\"> </span>and <span class=\"_ _d\"> </span>loss, <span class=\"_ _11\"> </span>if <span class=\"_ _d\"> </span>any, <span class=\"_ _d\"> </span>relates <span class=\"_ _11\"> </span>to transaction with related parties throughout the current financial year:Consolidated statement of profit and loss<span class=\"_ _1dd\"> </span>2022<span class=\"_ _9c\"> </span>2021Sale to EDEA (during the period it was associated company)<span class=\"_ _21f\"> </span>-<span class=\"_ _71\"> </span>56 642Sale to Holu<span class=\"_ _220\"> </span>1 147<span class=\"_ _121\"> </span>353Total revenues<span class=\"_ _201\"> </span>1 147<span class=\"_ _ba\"> </span>56 995Consolidated statement of financial position<span class=\"_ _1ab\"> </span>31 Dec 2022<span class=\"_ _5d\"> </span>31 Dec 2021Trade Receivables<span class=\"_ _221\"> </span>1 021<span class=\"_ _146\"> </span>-Other receivables and prepayments<span class=\"_ _f1\"> </span>278<span class=\"_ _121\"> </span>353Other current liabilities<span class=\"_ _222\"> </span>-<span class=\"_ _146\"> </span>-Net balances with related parties<span class=\"_ _c5\"> </span>1 299<span class=\"_ _8c\"> </span>353",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__88": {
   "value": "Note 16. Interest-bearing liabilitiesAmounts in NOK thousandAt the end the year the Group has 3 loans from Banque Publique d'Investissement (BPI), one loan from Innovasjon Norge and one loan to Nordea Bank Aps. In addition to this the Group has lease liabilities relating to office premises. Ref to note 12 for further details about the lease liabilities. As part of the loan agreement EDEA entered into with Nordea ABP in 2020, five draws on the facility was performed during the year 2022. Total outstanding amount at year end 2022 was MNOK 126, out of a committed facility of MNOK 150. Transaction costs incurred as part of the establishment of the facility and draws are amortised over the loan period. Outstanding nominal value At 31 Dec 2022 Currency Interest rate Maturity(Currency) (NOK)BPI 1 EUR 5.27% April 2025 50 525BPI 2 EUR 1.25% September 2025 96 1 008BPI 3 EUR 2.81% March 2027 475 4 985Innovasjon Norge NOK Floating April 2023 2,500 2 500March 2037 - Nordea Bank Aps EUR EURIBOR + 2,50%12,012 126 119March 2042Total         135 136  Non-current Current31 Dec 2022 31 Dec 2021 31 Dec 2022 31 Dec 2021Interest-bearing liabilitiesBorrowings from credit institutions125 6725 8726 9641 014Other interest-bearing liabilities - 938 2 500 4 063Total interest-bearing liabilities 125 672 6 809 9 464 5 07631 December 2022 31 December 2021Interest-bearing liabilities by currency Currency NOK Currency NOK amountamountamountamountEUR 12 633 132 636 690 6 885NOK 2 500 2 500 5 000 5 000Other currencies - - - -Total interest-bearing liabilities   135 136   11 885Interest-bearing liabilities - maturity 2022 2023 2024 2025 2026 2027 2028 TotalBorrowings from credit institutions and other 9 464 9 134 8 945 8 588 8 064 7 539 51 734interest-bearing liabilitiesTotal interest-bearing liabilities excl. prepaid 9 464 9 134 8 954 8 588 8 064 7 539 51 734borrowing expensesInterest to be paid on interest-bearing liabilities 8 131 7 540 6 961 6 406 5 884 5 396 40 318Total interest payments 8 131 7 540 6 961 6 406 5 884 5 396 40 318Total future payments on interest-bearing liabilities 17 595 16 674 15 906 14 994 13 948 12 935 92 052Interest-bearing liabilities - maturity 2021 2022 2023 2024 2025 2026 2027 TotalBorrowings from credit institutions and other   5 080 2 434 1 537 1 337 998 499 11 885interest-bearing liabilitiesTotal interest-bearing liabilities excl. prepaid 5 080 2 434 1 537 1 337 998 499 11 885borrowing expensesInterest to be paid on interest-bearing liabilities 272 175 113 60 25 10 655Total interest payments 272 175 113 60 25 10 655Total future payments on interest-bearing liabilities 5 353 2 609 1 650 1 397 1 023 509 12 541Financial CovenantsThe debt facility held with Nordea Bank Aps contains financial covenants. The covenants covers the following ratios: leverage ratio, interest cover ratio and equity ratio. At year end, EDEA Midco is compliant with the financial covenants set out in the agreement. The facility was ended after reporting period. Please refer to note 25 for further details. Change of ControlIn addition to the financial covenants, the facility agreement with Nordea Bank Aps contains a change of control clause. Security and GuaranteesThe debt facility held with Nordea Bank Aps is secured by all outstanding shares in EDEA Midco and it subsidiaries, intra-group loans and credit, shareholder loans granted to EDEA Midco, trade receivables, inventory and operating assets, all bank accounts, and guarantees provided by the Guarantors.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__93": {
   "value": "Reconciliation of Interest-bearing Interest-Interest-Lease Lease liabilitiesbearing Totalbearing TotalliabilitiesliabilitiesliabilitiesliabilitiesBalance as of 1 January 11 885 8 839 20 724 16 159 11 860 28 019Cash flow from Financing activitiesProceeds from borrowings 125 629-125 629- --Repayments of borrowings -3 159--3 159 -4 622--4 622Payments of lease liabilities--5 722 -5 722--3 451 -3 451Net cash flow from financing 122 470 -5 722 116 748 -4 622 -3 451 -8 073activitiesFX Rate effects 7811 2081 989 348-97 254New lease contracts-10 552 10 552- 528 528Termination or reassessments of - -----lease contractsOther changes 781 11 760 12 541 348 430 778Balance as of 31 December 135 136 14 877 150 013 11 885 8 839 20 724Non-current liabilities 125 672 6 130 131 802 6 809 6 165 15 470Current liabilities 9 464 8 747 18 211 5 076 2 674 8 275",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__92": {
   "value": "Note 17. Bank deposits and cash and cash equivalentsAmounts in NOK thousand  31 Dec 2022 31 Dec 2021Bank deposits 189 422 221 781Total Bank deposits in the statement of financial position 189 422 221 781Restricted deposits related to employee tax deduction 4 446 2 406Total cash and cash equivalents in the statement of cash flow 193 868 224 187Cash flow from interest-bearing liabilitiesCash flow  from financing activities consists of proceeds and repayments of  borrowings. In  2022, the movement is a result of draws on debt facility held with Nordea Bank Aps, and down payment of  debt  facilities  held  with  banks  in  France  and  Innovasjon  Norge.  Cash  flow  from  financing activities is also affected by payments of principal amount of lease liabilities.2022 2021Reconciliation of Interest-bearing Interest-Interest-Lease Lease liabilitiesbearing Totalbearing TotalliabilitiesliabilitiesliabilitiesliabilitiesBalance as of 1 January 11 885 8 839 20 724 16 159 11 860 28 019Cash flow from Financing activitiesProceeds from borrowings 125 629-125 629- --Repayments of borrowings -3 159--3 159 -4 622--4 622Payments of lease liabilities--5 722 -5 722--3 451 -3 451Net cash flow from financing 122 470 -5 722 116 748 -4 622 -3 451 -8 073activitiesFX Rate effects 7811 2081 989 348-97 254New lease contracts-10 552 10 552- 528 528Termination or reassessments of - -----lease contractsOther changes 781 11 760 12 541 348 430 778Balance as of 31 December 135 136 14 877 150 013 11 885 8 839 20 724Non-current liabilities 125 672 6 130 131 802 6 809 6 165 15 470Current liabilities 9 464 8 747 18 211 5 076 2 674 8 275",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__91": {
   "value": "Note 17. Bank deposits and cash and cash equivalentsAmounts in NOK thousand  31 Dec 2022 31 Dec 2021Bank deposits 189 422 221 781Total Bank deposits in the statement of financial position 189 422 221 781Restricted deposits related to employee tax deduction 4 446 2 406Total cash and cash equivalents in the statement of cash flow 193 868 224 187Cash flow from interest-bearing liabilitiesCash flow  from financing activities consists of proceeds and repayments of  borrowings. In  2022, the movement is a result of draws on debt facility held with Nordea Bank Aps, and down payment of  debt  facilities  held  with  banks  in  France  and  Innovasjon  Norge.  Cash  flow  from  financing activities is also affected by payments of principal amount of lease liabilities.2022 2021Reconciliation of Interest-bearing Interest-Interest-Lease Lease liabilitiesbearing Totalbearing TotalliabilitiesliabilitiesliabilitiesliabilitiesBalance as of 1 January 11 885 8 839 20 724 16 159 11 860 28 019Cash flow from Financing activitiesProceeds from borrowings 125 629-125 629- --Repayments of borrowings -3 159--3 159 -4 622--4 622Payments of lease liabilities--5 722 -5 722--3 451 -3 451Net cash flow from financing 122 470 -5 722 116 748 -4 622 -3 451 -8 073activitiesFX Rate effects 7811 2081 989 348-97 254New lease contracts-10 552 10 552- 528 528Termination or reassessments of - -----lease contractsOther changes 781 11 760 12 541 348 430 778Balance as of 31 December 135 136 14 877 150 013 11 885 8 839 20 724Non-current liabilities 125 672 6 130 131 802 6 809 6 165 15 470Current liabilities 9 464 8 747 18 211 5 076 2 674 8 275",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndBankBalancesAtCentralBanksExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__96": {
   "value": "Note 18. Other liabilitiesAmounts in NOK thousandOther current liabilities 31 Dec 2022 31 Dec 2021Accrued wages and holiday pay 34 816 14 685Indirect taxes payable 27 415 22 132Accrued interest costs 3 2Other accruals 63 269 22 765Prepayments from customers 49 169 9 291Earnout provision - 886Current portion of non-current debt 9 464 5 076Other current liabilities 3 3 427Total other current liabilities 184 139 78 264WarrantiesThe  Group  provides  warranties  for  general  repairs  of  defects  that  existed  at  the  time  of  sale,  as required by law. For the direct sales of solar panel installations and batteries the warranty period is up  to  10  years,  varying  from  market  to  market.  The  Group  has  back  to  back  warranties  with hardware producers and installation partners, but is ultimately responsible for solving the problem in the event that hardware producers fail to replace the defect hardware, or installation partners fail to resolve issues related to the quality of the work performed on the installation. The Group is also  responsible  for  covering  the  installation  work  related  to  replacing  defect  hardware.  Refer  to note 2 for further information about warranties.As  the  replacement  cost  is  not  expected  to  be  significant  and  it  is  difficult  to  prepare  a  reliable estimate,  including  the  percentage  of  defect  hardware  or  installations  with  quality  issues,  the timing of the issue and the Group\u2019s share of the expense, no accruals have been made. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Since the start of Otovo\u2019s operations the expenses relating to malfunctions one year or more after the  installation  date  have  been  immaterial  and  according  to  information  received  by  hardware producers and distributors is that they receive warranty claims on less than 1% of all panels sold.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__94": {
   "value": "Note 18. Other liabilitiesAmounts in NOK thousandOther current liabilities 31 Dec 2022 31 Dec 2021Accrued wages and holiday pay 34 816 14 685Indirect taxes payable 27 415 22 132Accrued interest costs 3 2Other accruals 63 269 22 765Prepayments from customers 49 169 9 291Earnout provision - 886Current portion of non-current debt 9 464 5 076Other current liabilities 3 3 427Total other current liabilities 184 139 78 264WarrantiesThe  Group  provides  warranties  for  general  repairs  of  defects  that  existed  at  the  time  of  sale,  as required by law. For the direct sales of solar panel installations and batteries the warranty period is up  to  10  years,  varying  from  market  to  market.  The  Group  has  back  to  back  warranties  with hardware producers and installation partners, but is ultimately responsible for solving the problem in the event that hardware producers fail to replace the defect hardware, or installation partners fail to resolve issues related to the quality of the work performed on the installation. The Group is also  responsible  for  covering  the  installation  work  related  to  replacing  defect  hardware.  Refer  to note 2 for further information about warranties.As  the  replacement  cost  is  not  expected  to  be  significant  and  it  is  difficult  to  prepare  a  reliable estimate,  including  the  percentage  of  defect  hardware  or  installations  with  quality  issues,  the timing of the issue and the Group\u2019s share of the expense, no accruals have been made. The Group\u2019s share of repair and replacement costs will be expensed as they occur.Since the start of Otovo\u2019s operations the expenses relating to malfunctions one year or more after the  installation  date  have  been  immaterial  and  according  to  information  received  by  hardware producers and distributors is that they receive warranty claims on less than 1% of all panels sold.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__99": {
   "value": "Credit riskCredit  risk  is  the  loss  that  the  Group  would  suffer  if  a  counterparty  fails  to  perform  its  financial obligations. The Group\u2019s  credit risks largely  arise from  trade receivables and  cash and  cash  equivalents. The counterparts for the Group\u2019s cash deposits are large banks which are considered to be solid. The Group assesses that there are no material credit risks associated with these deposits.Credit  risk  related  to  trade  receivables  is  assessed  to  be  limited  due  to  the  high  number  of customers in the Group\u2019s customer base and is further mitigated through the use of credit rating agencies ahead of sales, use of prepayments for customers or markets with higher risk, continuous monitoring of overdue invoices, all combined with the Group holding the right to reclaim the assets in case of payment default.An  important  element  of  the  credit  risk  profile  for  the  Group  is  that  the  subset  of  customers addressed  are,  as homeowners, already amongst the individuals with the most  robust  economy and credit ratings. According to Intrum, one of Europe\u2019s largest debt collection agencies, the default probability on a utility bill is 6 times lower for a customer owning a house than for customers who are  not  a  homeowner.  In  addition,  the  single  point  exposure  will  be  low,  as  the  Group  will  have thousands of single counterparties across Europe.Finally, the solar system contract will be cost saving for customers in most markets, resulting in the outcome for the end customer if choosing not to pay the subscription contract being worse than paying.  In  addition  this  element  is  more  prominent  in  markets  with  higher  expected  loss  given defaults (LGD). I.e. the customer business case is often stronger in countries where the LGD is higher. Loss on receivables are recognized as displayed below.  2022 2021Loss on trade receivables 153 712Loss on trade receivables in % of Revenues 0.02% 0.25%Trade receivablesAt 31 December the exposure to credit risk were separated into the following segments;  2022 2021Direct purchase 44 722 23 043Subscription 1 945 844Trade receivables at 31 December - ageing 31 Dec 2022 31 Dec 2021Not due 19 524 13 7381\u201330 days past due 12 655 4 27931\u201360 days past due 4 308 3 28261\u201390 days past due 1 894 706More than 90 days past due 8 286 1 882Total trade receivables 46 667 23 887Bad debt provision -2 613 -1 717The  Group  applies  the  simplified  approach  to measuring expected credit losses, which  uses a lifetime  expected  loss  allowance  for  all  trade receivables.Historical losses in the Group have been very low, as result of the measures implemented in order to reduce the credit risk. With the launch in new markets  and  and  the  acquisition  of  the subscription business, EDEA, the risk changes, as does the measures. As an example prepayments are  required  for  the  whole  or  parts  of  the contract  amount  in  some  markets.  This  is reflecting  the  risk  of  default  in  those  markets, and  the  local  debt  collection  process  and  tools available in case of default.For  Direct  Purchase  the  customers  are  grouped into  categories,  market  by  market,  and  the expected  credit  loss  is  estimated  category  by category.  The  expected  loss  reflect  the  Group\u2019s ability  to  collect  once  receivables  are  overdue. The  residual  value  of  the  solar  panels installations and batteries sold is included in the residual  value,  when  relevant.  For  subscription customers  the  same  method  is  used,  however additional to estimating the expected credit loss for the  trade receivables,  the fixed  assets (solar panel  systems  mounted  on  the  subscription customers  roof)  related  to  customers  with increased risk of payment default is assessed for impairment, as the fixed assets would ultimately be  reclaimed  and  sold  in  the  second  hand market.The expected loss based on experience from debt  collection  processes  and  estimated residual  value  for  the  products  that  can  be reclaimed, both in current and previous years. The Group is however in an early stage of its commercial  journey, with 2021 being the  first year  of  operations  in  several  of  the  markets, hence  the  Group  has  limited  historical  data. As  a  consequence  of  this  the  loss  rates  are frequently  reviewed  and  updated  to  reflect the actual risk in each of the Group's markets.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__98": {
   "value": "Note 19. Risk managementAmounts in NOK thousandThe Group\u2019s <span class=\"_ _e\"></span>capital management policy is <span class=\"_ _e\"></span>to have a <span class=\"_ _e\"></span>capital structure which meets <span class=\"_ _e\"></span>the demands of operations, <span class=\"_ _10\"></span>reduces <span class=\"_ _10\"></span>cost <span class=\"_ _10\"></span>of <span class=\"_ _10\"></span>capital <span class=\"_ _12\"></span>and <span class=\"_ _10\"></span>complies <span class=\"_ _10\"></span>with <span class=\"_ _10\"></span>financial <span class=\"_ _10\"></span>covenants <span class=\"_ _10\"></span>and <span class=\"_ _12\"></span>future <span class=\"_ _e\"></span>investments planned <span class=\"_ _12\"></span>by <span class=\"_ _12\"></span>the <span class=\"_ _14\"></span>Group. <span class=\"_ _12\"></span>The <span class=\"_ _12\"></span>Group <span class=\"_ _12\"></span>will <span class=\"_ _14\"></span>adjust <span class=\"_ _12\"></span>debt <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>equity <span class=\"_ _14\"></span>to <span class=\"_ _12\"></span>maintain <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>secure <span class=\"_ _14\"></span>an <span class=\"_ _12\"></span>optimal capital structure by continuously monitoring the total equity level and the equity ratio of the Group. The <span class=\"_\"> </span>Group\u2019s <span class=\"_\"> </span>activities <span class=\"_\"> </span>are <span class=\"_\"> </span>exposed <span class=\"_\"> </span>to <span class=\"_\"> </span>financial <span class=\"_\"> </span>risks: <span class=\"_\"> </span>credit <span class=\"_ _45\"> </span>risk, <span class=\"_ _45\"> </span>liquidity <span class=\"_ _45\"> </span>risk, <span class=\"_\"> </span>currency <span class=\"_ _45\"> </span>risk <span class=\"_ _45\"> </span>and interest <span class=\"_\"> </span>risk. <span class=\"_\"> </span>The <span class=\"_\"> </span>Group\u2019s <span class=\"_\"> </span>overall <span class=\"_ _19\"> </span>risk <span class=\"_\"> </span>management <span class=\"_\"> </span>program <span class=\"_\"> </span>focuses <span class=\"_\"> </span>on <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>unpredictability <span class=\"_\"> </span>of financial <span class=\"_ _11\"> </span>markets <span class=\"_ _1e\"> </span>and <span class=\"_ _1e\"> </span>seeks <span class=\"_ _1e\"> </span>to <span class=\"_ _1e\"> </span>minimise <span class=\"_ _11\"> </span>potential <span class=\"_ _1e\"> </span>adverse <span class=\"_ _1e\"> </span>effects <span class=\"_ _1e\"> </span>on <span class=\"_ _1e\"> </span>the <span class=\"_ _11\"> </span>Group\u2019s <span class=\"_ _1e\"> </span>financial performance. Overall the Group considers the financial risk to be acceptable.Credit riskCredit <span class=\"_ _1d\"> </span>risk <span class=\"_ _1d\"> </span>is <span class=\"_ _13\"> </span>the <span class=\"_ _1d\"> </span>loss <span class=\"_ _13\"> </span>that <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group <span class=\"_ _1d\"> </span>would <span class=\"_ _13\"> </span>suffer <span class=\"_ _1d\"> </span>if <span class=\"_ _13\"> </span>a <span class=\"_ _1d\"> </span>counterparty <span class=\"_ _13\"> </span>fails <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>perform <span class=\"_ _1d\"> </span>its <span class=\"_ _1d\"> </span>financial obligations. The <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _14\"> </span>credit <span class=\"_ _14\"></span>risks <span class=\"_ _12\"></span>largely <span class=\"_ _14\"> </span>arise <span class=\"_ _12\"></span>from <span class=\"_ _14\"> </span>trade <span class=\"_ _14\"></span>receivables <span class=\"_ _12\"></span>and <span class=\"_ _14\"> </span>cash <span class=\"_ _12\"></span>and <span class=\"_ _14\"> </span>cash <span class=\"_ _14\"> </span>equivalents. <span class=\"_ _12\"></span>The counterparts <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _12\"></span>cash <span class=\"_ _10\"></span>deposits <span class=\"_ _12\"></span>are <span class=\"_ _12\"></span>large <span class=\"_ _10\"></span>banks <span class=\"_ _12\"></span>which <span class=\"_ _12\"></span>are <span class=\"_ _10\"></span>considered <span class=\"_ _12\"></span>to <span class=\"_ _12\"></span>be <span class=\"_ _12\"></span>solid. <span class=\"_ _10\"></span>The Group assesses that there are no material credit risks associated with these deposits.Credit <span class=\"_ _19\"> </span>risk <span class=\"_ _19\"> </span>related <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>trade <span class=\"_ _19\"> </span>receivables <span class=\"_ _19\"> </span>is <span class=\"_ _d\"> </span>assessed <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>be <span class=\"_ _19\"> </span>limited <span class=\"_ _19\"> </span>due <span class=\"_ _19\"> </span>to <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>high <span class=\"_ _d\"> </span>number <span class=\"_ _19\"> </span>of customers <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _12\"></span>customer <span class=\"_ _10\"></span>base <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>is <span class=\"_ _12\"></span>further <span class=\"_ _10\"></span>mitigated <span class=\"_ _12\"></span>through <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>use <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>credit <span class=\"_ _12\"></span>rating agencies <span class=\"_ _e\"></span>ahead of <span class=\"_ _e\"></span>sales, use <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>prepayments for <span class=\"_ _e\"></span>customers or <span class=\"_ _e\"></span>markets <span class=\"_ _e\"></span>with higher <span class=\"_ _e\"></span>risk, <span class=\"_ _e\"></span>continuous monitoring <span class=\"_ _e\"></span>of overdue <span class=\"_ _e\"></span>invoices, all <span class=\"_ _e\"></span>combined <span class=\"_ _e\"></span>with the <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>holding the <span class=\"_ _e\"></span>right <span class=\"_ _e\"></span>to reclaim <span class=\"_ _e\"></span>the assets in case of payment default.An <span class=\"_\"> </span>important <span class=\"_ _19\"> </span>element <span class=\"_ _19\"> </span>of <span class=\"_\"> </span>the <span class=\"_ _19\"> </span>credit <span class=\"_ _19\"> </span>risk <span class=\"_ _45\"> </span>profile <span class=\"_ _19\"> </span>for <span class=\"_ _19\"> </span>the <span class=\"_ _45\"> </span>Group <span class=\"_ _19\"> </span>is <span class=\"_ _19\"> </span>that <span class=\"_ _45\"> </span>the <span class=\"_ _19\"> </span>subset <span class=\"_ _19\"> </span>of <span class=\"_ _45\"> </span>customers addressed <span class=\"_ _14\"> </span>are, <span class=\"_ _14\"> </span>as <span class=\"_ _14\"></span>homeowners, <span class=\"_ _14\"></span>already <span class=\"_ _14\"></span>amongst <span class=\"_ _14\"></span>the <span class=\"_ _14\"></span>individuals <span class=\"_ _14\"></span>with <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>most <span class=\"_ _14\"> </span>robust <span class=\"_ _14\"> </span>economy and credit ratings. According <span class=\"_ _e\"></span>to Intrum, one of Europe\u2019s largest <span class=\"_ _e\"></span>debt collection agencies, the default probability <span class=\"_ _10\"></span>on <span class=\"_ _e\"></span>a <span class=\"_ _10\"></span>utility <span class=\"_ _10\"></span>bill <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>6 <span class=\"_ _10\"></span>times <span class=\"_ _10\"></span>lower <span class=\"_ _10\"></span>for <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>customer <span class=\"_ _10\"></span>owning <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>house <span class=\"_ _10\"></span>than <span class=\"_ _10\"></span>for <span class=\"_ _e\"></span>customers <span class=\"_ _10\"></span>who are <span class=\"_ _1d\"> </span>not <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>homeowner. <span class=\"_ _1d\"> </span>In <span class=\"_ _13\"> </span>addition, <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>single <span class=\"_ _1d\"> </span>point <span class=\"_ _13\"> </span>exposure <span class=\"_ _1d\"> </span>will <span class=\"_ _13\"> </span>be <span class=\"_ _1d\"> </span>low, <span class=\"_ _13\"> </span>as <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group <span class=\"_ _1d\"> </span>will <span class=\"_ _1d\"> </span>have thousands of single counterparties across Europe.Finally, <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>solar <span class=\"_ _e\"></span>system contract <span class=\"_ _e\"></span>will <span class=\"_ _e\"></span>be <span class=\"_ _e\"></span>cost <span class=\"_ _e\"></span>saving <span class=\"_ _e\"></span>for <span class=\"_ _e\"></span>customers in <span class=\"_ _e\"></span>most <span class=\"_ _e\"></span>markets, <span class=\"_ _e\"></span>resulting <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the outcome <span class=\"_ _12\"></span>for <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>end <span class=\"_ _12\"></span>customer <span class=\"_ _10\"></span>if <span class=\"_ _12\"></span>choosing <span class=\"_ _12\"></span>not <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>pay <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>subscription <span class=\"_ _12\"></span>contract <span class=\"_ _12\"></span>being <span class=\"_ _12\"></span>worse <span class=\"_ _10\"></span>than paying. <span class=\"_ _13\"> </span>In <span class=\"_ _2f\"> </span>addition <span class=\"_ _13\"> </span>this <span class=\"_ _2f\"> </span>element <span class=\"_ _13\"> </span>is <span class=\"_ _2f\"> </span>more <span class=\"_ _13\"> </span>prominent <span class=\"_ _2f\"> </span>in <span class=\"_ _13\"> </span>markets <span class=\"_ _2f\"> </span>with <span class=\"_ _13\"> </span>higher <span class=\"_ _2f\"> </span>expected <span class=\"_ _13\"> </span>loss <span class=\"_ _2f\"> </span>given defaults (LGD). I.e. the customer business case is often stronger in countries where the LGD is higher. Loss on receivables are recognized as displayed below. <span class=\"_ _1fc\"> </span><span class=\"ff3\">2022<span class=\"_ _67\"> </span>2021</span>Loss on trade receivables<span class=\"_ _f3\"> </span>153<span class=\"_ _5b\"> </span>712Loss on trade receivables in % of Revenues<span class=\"_ _114\"> </span>0.02%<span class=\"_ _7c\"> </span>0.25%Trade receivablesAt 31 December the exposure to credit risk were separated into the following segments; <span class=\"_ _1fd\"> </span><span class=\"ff3 fc2\">2022<span class=\"_ _130\"> </span>2021</span>Direct purchase<span class=\"_ _1fe\"> </span>44 722<span class=\"_ _101\"> </span>23 043Subscription<span class=\"_ _1ff\"> </span>1 945<span class=\"_ _1c0\"> </span>844Trade receivables at 31 December - ageing<span class=\"_ _200\"> </span>31 Dec 2022<span class=\"_ _81\"> </span>31 Dec 2021Not due<span class=\"_ _201\"> </span>19 524<span class=\"_ _115\"> </span>13 7381\u201330 days past due<span class=\"_ _202\"> </span>12 655<span class=\"_ _203\"> </span>4 27931\u201360 days past due<span class=\"_ _b6\"> </span>4 308<span class=\"_ _203\"> </span>3 28261\u201390 days past due<span class=\"_ _1ca\"> </span>1 894<span class=\"_ _a7\"> </span>706More than 90 days past due<span class=\"_ _b3\"> </span>8 286<span class=\"_ _53\"> </span>1 882Total trade receivables<span class=\"_ _171\"> </span>46 667<span class=\"_ _204\"> </span>23 887Bad debt provision<span class=\"_ _206\"> </span>-2 613<span class=\"_ _ec\"> </span>-1 717The <span class=\"_ _d\"> </span>Group <span class=\"_ _19\"> </span>applies <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>simplified <span class=\"_ _d\"> </span>approach <span class=\"_ _d\"> </span>to measuring <span class=\"_ _12\"></span>expected <span class=\"_ _14\"></span>credit <span class=\"_ _12\"></span>losses, <span class=\"_ _12\"></span>which <span class=\"_ _14\"> </span>uses <span class=\"_ _12\"></span>a lifetime <span class=\"_ _11\"> </span>expected <span class=\"_ _11\"> </span>loss <span class=\"_ _11\"> </span>allowance <span class=\"_ _11\"> </span>for <span class=\"_ _11\"> </span>all <span class=\"_ _11\"> </span>trade receivables.Historical losses in the <span class=\"_ _e\"></span>Group have been very low, as <span class=\"_ _12\"></span>result <span class=\"_ _12\"></span>of <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>measures <span class=\"_ _12\"></span>implemented <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>order to <span class=\"_ _12\"></span>reduce <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>credit <span class=\"_ _12\"></span>risk. <span class=\"_ _12\"></span>With <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>launch <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>new markets <span class=\"_ _18\"> </span>and <span class=\"_ _26\"> </span>and <span class=\"_ _18\"> </span>the <span class=\"_ _26\"> </span>acquisition <span class=\"_ _26\"> </span>of <span class=\"_ _18\"> </span>the subscription <span class=\"_ _10\"></span>business, <span class=\"_ _12\"></span>EDEA, <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>risk <span class=\"_ _10\"></span>changes, <span class=\"_ _10\"></span>as does the measures. <span class=\"_ _e\"></span>As an example prepayments are <span class=\"_ _f\"> </span>required <span class=\"_ _21\"> </span>for <span class=\"_ _f\"> </span>the <span class=\"_ _21\"> </span>whole <span class=\"_ _f\"> </span>or <span class=\"_ _21\"> </span>parts <span class=\"_ _f\"> </span>of <span class=\"_ _21\"> </span>the contract <span class=\"_ _1a\"> </span>amount <span class=\"_ _16\"> </span>in <span class=\"_ _1a\"> </span>some <span class=\"_ _1a\"> </span>markets. <span class=\"_ _16\"> </span>This <span class=\"_ _1a\"> </span>is reflecting <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>risk <span class=\"_ _19\"> </span>of <span class=\"_ _d\"> </span>default <span class=\"_ _19\"> </span>in <span class=\"_ _d\"> </span>those <span class=\"_ _19\"> </span>markets, and <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>local <span class=\"_ _14\"> </span>debt <span class=\"_ _14\"> </span>collection <span class=\"_ _1d\"> </span>process <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>tools available in case of default.For <span class=\"_ _14\"> </span>Direct <span class=\"_ _14\"> </span>Purchase <span class=\"_ _14\"> </span>the <span class=\"_ _1d\"> </span>customers <span class=\"_ _14\"> </span>are <span class=\"_ _14\"> </span>grouped into <span class=\"_ _f\"> </span>categories, <span class=\"_ _21\"> </span>market <span class=\"_ _21\"> </span>by <span class=\"_ _21\"> </span>market, <span class=\"_ _f\"> </span>and <span class=\"_ _21\"> </span>the expected <span class=\"_ _19\"> </span>credit <span class=\"_ _19\"> </span>loss <span class=\"_ _19\"> </span>is <span class=\"_ _d\"> </span>estimated <span class=\"_ _19\"> </span>category <span class=\"_ _19\"> </span>by category. <span class=\"_ _1d\"> </span>The <span class=\"_ _13\"> </span>expected <span class=\"_ _13\"> </span>loss <span class=\"_ _13\"> </span>reflect <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>Group\u2019s ability <span class=\"_ _13\"> </span>to <span class=\"_ _13\"> </span>collect <span class=\"_\"> </span>once <span class=\"_ _1d\"> </span>receivables <span class=\"_\"> </span>are <span class=\"_ _1d\"> </span>overdue. The <span class=\"_ _3f\"> </span>residual <span class=\"_ _2b\"> </span>value <span class=\"_ _3f\"> </span>of <span class=\"_ _2b\"> </span>the <span class=\"_ _3f\"> </span>solar <span class=\"_ _3f\"> </span>panels installations <span class=\"_ _e\"></span>and <span class=\"_ _10\"></span>batteries <span class=\"_ _10\"></span>sold <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>included <span class=\"_ _e\"></span>in <span class=\"_ _10\"></span>the residual <span class=\"_ _19\"> </span>value, <span class=\"_ _d\"> </span>when <span class=\"_ _d\"> </span>relevant. <span class=\"_ _19\"> </span>For <span class=\"_ _d\"> </span>subscription customers <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>same <span class=\"_\"> </span>method <span class=\"_ _2f\"> </span>is <span class=\"_\"> </span>used, <span class=\"_ _2f\"> </span>however additional <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>estimating <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>expected <span class=\"_ _e\"></span>credit <span class=\"_ _10\"></span>loss for <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>trade <span class=\"_ _12\"></span>receivables, <span class=\"_ _14\"> </span>the <span class=\"_ _12\"></span>fixed <span class=\"_ _14\"> </span>assets <span class=\"_ _12\"></span>(solar panel <span class=\"_ _1b\"> </span>systems <span class=\"_ _f\"> </span>mounted <span class=\"_ _1b\"> </span>on <span class=\"_ _f\"> </span>the <span class=\"_ _f\"> </span>subscription customers <span class=\"_ _16\"> </span>roof) <span class=\"_ _16\"> </span>related <span class=\"_ _17\"> </span>to <span class=\"_ _16\"> </span>customers <span class=\"_ _16\"> </span>with increased <span class=\"_ _e\"></span>risk of <span class=\"_ _e\"></span>payment default <span class=\"_ _e\"></span>is assessed <span class=\"_ _e\"></span>for impairment, <span class=\"_ _10\"></span>as <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>fixed <span class=\"_ _10\"></span>assets <span class=\"_ _10\"></span>would <span class=\"_ _10\"></span>ultimately be <span class=\"_ _57\"> </span>reclaimed <span class=\"_ _1b\"> </span>and <span class=\"_ _57\"> </span>sold <span class=\"_ _1b\"> </span>in <span class=\"_ _57\"> </span>the <span class=\"_ _1b\"> </span>second <span class=\"_ _57\"> </span>hand market.The <span class=\"_ _12\"></span>expected <span class=\"_ _12\"></span>loss <span class=\"_ _10\"></span>based <span class=\"_ _12\"></span>on <span class=\"_ _12\"></span>experience <span class=\"_ _12\"></span>from debt <span class=\"_ _1a\"> </span>collection <span class=\"_ _1f\"> </span>processes <span class=\"_ _1a\"> </span>and <span class=\"_ _1f\"> </span>estimated residual <span class=\"_ _13\"> </span>value <span class=\"_\"> </span>for <span class=\"_ _13\"> </span>the <span class=\"_\"> </span>products <span class=\"_ _13\"> </span>that <span class=\"_\"> </span>can <span class=\"_ _13\"> </span>be reclaimed, both in current <span class=\"_ _e\"></span>and previous years. The <span class=\"_ _12\"></span>Group <span class=\"_ _10\"></span>is <span class=\"_ _12\"></span>however <span class=\"_ _12\"></span>in <span class=\"_ _12\"></span>an <span class=\"_ _12\"></span>early <span class=\"_ _12\"></span>stage <span class=\"_ _10\"></span>of <span class=\"_ _12\"></span>its commercial <span class=\"_ _14\"> </span>journey, <span class=\"_ _14\"></span>with <span class=\"_ _14\"></span>2021 <span class=\"_ _14\"></span>being <span class=\"_ _12\"></span>the <span class=\"_ _14\"> </span>first year <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>operations <span class=\"_ _14\"> </span>in <span class=\"_ _1d\"> </span>several <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>markets, hence <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Group <span class=\"_ _1d\"> </span>has <span class=\"_ _1d\"> </span>limited <span class=\"_ _1d\"> </span>historical <span class=\"_ _1d\"> </span>data. As <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>consequence <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>this <span class=\"_ _1d\"> </span>the <span class=\"_ _13\"> </span>loss <span class=\"_ _13\"> </span>rates <span class=\"_ _13\"> </span>are frequently <span class=\"_ _19\"> </span>reviewed <span class=\"_ _d\"> </span>and <span class=\"_ _19\"> </span>updated <span class=\"_ _19\"> </span>to <span class=\"_ _d\"> </span>reflect the actual risk in each of the Group's markets.Liquidity riskLiquidity <span class=\"_ _d\"> </span>risk <span class=\"_ _d\"> </span>is <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>risk <span class=\"_ _19\"> </span>that <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>will have <span class=\"_ _18\"> </span>difficulties <span class=\"_ _26\"> </span>in <span class=\"_ _18\"> </span>paying <span class=\"_ _26\"> </span>its <span class=\"_ _18\"> </span>financial liabilities.While <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Group <span class=\"_ _1d\"> </span>has <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>strong <span class=\"_ _1d\"> </span>cash <span class=\"_ _1d\"> </span>position, the <span class=\"_ _16\"> </span>subscription <span class=\"_ _16\"> </span>business <span class=\"_ _16\"> </span>is <span class=\"_ _16\"> </span>exposed <span class=\"_ _16\"> </span>to liquidity <span class=\"_ _16\"> </span>risk <span class=\"_ _16\"> </span>over <span class=\"_ _16\"> </span>time. <span class=\"_ _16\"> </span>The <span class=\"_ _16\"> </span>subscription business <span class=\"_ _13\"> </span>consists <span class=\"_\"> </span>mainly <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>purchasing <span class=\"_\"> </span>and installing <span class=\"_ _1f\"> </span>solar <span class=\"_ _1f\"> </span>systems <span class=\"_ _1a\"> </span>and <span class=\"_ _1f\"> </span>batteries <span class=\"_ _1f\"> </span>at private <span class=\"_ _12\"></span>individuals\u2019 <span class=\"_ _14\"> </span>houses, <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>entering <span class=\"_ _14\"> </span>into long <span class=\"_ _17\"> </span>term <span class=\"_ _15\"> </span>leasing <span class=\"_ _17\"> </span>contracts <span class=\"_ _15\"> </span>with <span class=\"_ _17\"> </span>these customers <span class=\"_ _1d\"> </span>(20 <span class=\"_ _1d\"> </span>years <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>PV <span class=\"_ _1d\"> </span>and <span class=\"_ _13\"> </span>10 <span class=\"_ _1d\"> </span>years <span class=\"_ _1d\"> </span>for batteries). The <span class=\"_ _1d\"> </span>management <span class=\"_ _13\"> </span>were <span class=\"_ _13\"> </span>working <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>secure <span class=\"_ _13\"> </span>a financing <span class=\"_\"> </span>package <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>end <span class=\"_ _19\"> </span>of <span class=\"_\"> </span>2022. <span class=\"_ _19\"> </span>This was <span class=\"_ _f\"> </span>landed <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>January <span class=\"_ _f\"> </span>2023, <span class=\"_ _f\"> </span>see <span class=\"_ _f\"> </span>further information <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>note <span class=\"_ _13\"> </span>25. <span class=\"_ _13\"> </span>With <span class=\"_\"> </span>the <span class=\"_ _13\"> </span>announced financing <span class=\"_ _f\"> </span>package <span class=\"_ _f\"> </span>of <span class=\"_ _f\"> </span>NOK <span class=\"_ _f\"> </span>250 <span class=\"_ _f\"> </span>million <span class=\"_ _f\"> </span>in equity <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>up <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>EUR <span class=\"_ _14\"> </span>100 <span class=\"_ _14\"> </span>million <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>debt, <span class=\"_ _14\"> </span>the Group\u2019s <span class=\"_ _1a\"> </span>growth <span class=\"_ _1a\"> </span>in <span class=\"_ _1a\"> </span>subscription <span class=\"_ _1a\"> </span>assets <span class=\"_ _1a\"> </span>is secured <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>short <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>medium <span class=\"_ _e\"></span>term. <span class=\"_ _e\"></span>In <span class=\"_ _e\"></span>the longer <span class=\"_ _1a\"> </span>term, <span class=\"_ _16\"> </span>financing <span class=\"_ _1a\"> </span>of <span class=\"_ _1a\"> </span>new <span class=\"_ _16\"> </span>customer contracts may require further debt and equity financing or a disposal of assets.Maturity profile of the Group\u2019s liabilities (in nominal values) <span class=\"_ _207\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.22yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _e6\"> </span>16 619<span class=\"_ _3e\"> </span>7 918<span class=\"_ _aa\"> </span>5 158<span class=\"_ _49\"> </span>3 544<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other135 136<span class=\"_ _7\"> </span>17 595<span class=\"_ _b\"> </span>16 674<span class=\"_ _8\"> </span>15 906<span class=\"_ _8\"> </span>14 994<span class=\"_ _b\"> </span>13 948<span class=\"_ _41\"> </span>56 019Trade payables<span class=\"_ _1be\"> </span>71 473<span class=\"_ _ac\"> </span>71 473<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _1e7\"> </span>27 415<span class=\"_ _28\"> </span>27 415<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _36\"> </span>147 260<span class=\"_ _25\"> </span>147 260<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _164\"> </span>397 904<span class=\"_ _3a\"> </span>271 661<span class=\"_ _28\"> </span>21 832<span class=\"_ _c\"> </span>19 450<span class=\"_ _c\"> </span>14 994<span class=\"_ _41\"> </span>13 948<span class=\"_ _41\"> </span>56 019 <span class=\"_ _11b\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.21yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _208\"> </span>9 411<span class=\"_ _61\"> </span>2 797<span class=\"_ _9\"> </span>2 205<span class=\"_ _5c\"> </span>2 205<span class=\"_ _9\"> </span>2 205<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other12 541<span class=\"_ _49\"> </span>5 353<span class=\"_ _49\"> </span>2 609<span class=\"_ _aa\"> </span>1 650<span class=\"_ _131\"> </span>1 397<span class=\"_ _131\"> </span>1 023<span class=\"_ _2a\"> </span>509Trade payables<span class=\"_ _209\"> </span>29 889<span class=\"_ _40\"> </span>29 889<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _d2\"> </span>22 132<span class=\"_ _ac\"> </span>22 132<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _9a\"> </span>51 056<span class=\"_ _8\"> </span>51 056<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _20a\"> </span>125 029<span class=\"_ _41\"> </span>111 226<span class=\"_ _61\"> </span>4 814<span class=\"_ _23\"> </span>3 855<span class=\"_ _5c\"> </span>3 602<span class=\"_ _3e\"> </span>1 023<span class=\"_ _2a\"> </span>5091) Borrowings from credit institutions and other interest-bearing liabilitiesCurrency riskThe <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>is <span class=\"_ _10\"></span>exposed <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>currency <span class=\"_ _10\"></span>risk <span class=\"_ _e\"></span>related <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>investments <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>foreign <span class=\"_ _10\"></span>entities <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>proceeds <span class=\"_ _10\"></span>from these <span class=\"_ _1d\"> </span>investments <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>vary <span class=\"_ _13\"> </span>with <span class=\"_ _13\"> </span>changes <span class=\"_ _13\"> </span>in <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>exchange <span class=\"_ _13\"> </span>rate. <span class=\"_ _13\"> </span>The <span class=\"_ _13\"> </span>net <span class=\"_ _13\"> </span>income <span class=\"_ _13\"> </span>of <span class=\"_ _1d\"> </span>the Group is <span class=\"_ _e\"></span>also affected <span class=\"_ _e\"></span>by currency fluctuations, <span class=\"_ _e\"></span>as the profit <span class=\"_ _e\"></span>and losses <span class=\"_ _e\"></span>from foreign operations <span class=\"_ _e\"></span>are translated into NOK using the average exchange rates for the period.To <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>extent <span class=\"_ _14\"> </span>possible, <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>Group <span class=\"_ _14\"> </span>intends <span class=\"_ _14\"> </span>to <span class=\"_ _14\"></span>finance <span class=\"_ _14\"></span>its <span class=\"_ _12\"></span>operations <span class=\"_ _14\"> </span>through <span class=\"_ _14\"> </span>debt <span class=\"_ _14\"> </span>financing <span class=\"_ _14\"> </span>in <span class=\"_ _14\"></span>the respective <span class=\"_ _10\"></span>countries\u2019 <span class=\"_ _10\"></span>currency. <span class=\"_ _10\"></span>The <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _e\"></span>current <span class=\"_ _12\"></span>policy <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>not <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>hedge <span class=\"_ _12\"></span>its <span class=\"_ _10\"></span>currency <span class=\"_ _10\"></span>risk <span class=\"_ _10\"></span>through FX futures or other derivatives.The <span class=\"_ _e\"></span>currency <span class=\"_ _e\"></span>risk <span class=\"_ _e\"></span>for each <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Group\u2019s <span class=\"_ _e\"></span>subsidiaries <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>limited <span class=\"_ _e\"></span>as each <span class=\"_ _e\"></span>entity <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>its <span class=\"_ _e\"></span>revenues <span class=\"_ _e\"></span>and costs in its local currency. Wholesale prices of materials may to a certain extent <span class=\"_ _e\"></span>vary with variations in <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>exchange <span class=\"_ _2f\"> </span>rates, <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>will <span class=\"_ _2f\"> </span>influence <span class=\"_ _13\"> </span>prices <span class=\"_ _13\"> </span>to <span class=\"_ _2f\"> </span>customers <span class=\"_ _13\"> </span>which <span class=\"_ _13\"> </span>again <span class=\"_ _2f\"> </span>could <span class=\"_ _13\"> </span>affect <span class=\"_ _13\"> </span>the attractiveness of the product.SensitivityIf <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>following <span class=\"_ _14\"> </span>currencies <span class=\"_ _14\"> </span>had <span class=\"_ _14\"> </span>strengthened/weakened <span class=\"_ _1d\"> </span>against <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>functional <span class=\"_ _14\"> </span>currency, <span class=\"_ _14\"> </span>it <span class=\"_ _1d\"> </span>would have had the below <span class=\"ff5\">direct </span>effect on the Group\u2019s loss:Profit and loss <span class=\"_ _ad\"> </span><span class=\"ff3 fcc\">Change in<span class=\"_ _132\"> </span>2022<span class=\"_ _8b\"> </span>2021</span>EUR<span class=\"_ _20b\"> </span>+/- 10%<span class=\"_ _20c\"> </span>18 333<span class=\"_ _1c3\"> </span>8 485SEK<span class=\"_ _20d\"> </span>+/- 10%<span class=\"_ _20e\"> </span>2 680<span class=\"_ _15e\"> </span>1 940PLN<span class=\"_ _20d\"> </span>+/- 10%<span class=\"_ _1e2\"> </span>2 367<span class=\"_ _20f\"> </span>726GBP<span class=\"_ _144\"> </span>+/- 10%<span class=\"_ _1bd\"> </span>375<span class=\"_ _1ee\"> </span>-CHF<span class=\"_ _144\"> </span>+/- 10%<span class=\"_ _1c1\"> </span>1 207<span class=\"_ _1ee\"> </span>-USD<span class=\"_ _144\"> </span><span class=\"fca\">+/- 10%<span class=\"_ _f6\"> </span></span>284<span class=\"_ _210\"> </span>-Total<span class=\"_ _fe\"> </span><span class=\"ff4\"> <span class=\"_ _d9\"> </span></span>25 246<span class=\"_ _1c1\"> </span>11 151Interest rate riskEDEA, <span class=\"_\"> </span>the <span class=\"_\"> </span>subscription <span class=\"_\"> </span>business, <span class=\"_\"> </span>financed <span class=\"_ _19\"> </span>its <span class=\"_\"> </span>activities <span class=\"_\"> </span>in 2022 partly <span class=\"_ _e\"></span>through debt <span class=\"_ _e\"></span>financing <span class=\"_ _e\"></span>from Nordea <span class=\"_ _e\"></span>Bank. Thus the <span class=\"_ _10\"></span>Group <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>exposed <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>market <span class=\"_ _10\"></span>risk <span class=\"_ _10\"></span>related <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>fluctuations in <span class=\"_ _12\"></span>interest <span class=\"_ _10\"></span>rates <span class=\"_ _12\"></span>and <span class=\"_ _12\"></span>currencies <span class=\"_ _10\"></span>in <span class=\"_ _12\"></span>the <span class=\"_ _12\"></span>countries <span class=\"_ _10\"></span>where <span class=\"_ _12\"></span>the Group <span class=\"_ _19\"> </span>has <span class=\"_ _19\"> </span>operations. <span class=\"_ _d\"> </span>The <span class=\"_ _19\"> </span>interest <span class=\"_ _d\"> </span>rates <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>Group\u2019s financing <span class=\"_ _1d\"> </span>agreements <span class=\"_ _14\"> </span>vary <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>respective <span class=\"_ _1d\"> </span>IBOR-rate. Consequently, <span class=\"_ _19\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>is <span class=\"_ _19\"> </span>exposed <span class=\"_ _d\"> </span>to <span class=\"_ _d\"> </span>the <span class=\"_ _d\"> </span>risk <span class=\"_ _19\"> </span>that <span class=\"_ _d\"> </span>its financing costs may increase. This <span class=\"_ _14\"> </span>risk <span class=\"_ _14\"> </span>is <span class=\"_ _14\"> </span>mitigated <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>two <span class=\"_ _14\"> </span>ways. <span class=\"_ _1d\"> </span>The <span class=\"_ _14\"> </span>monthly <span class=\"_ _14\"> </span>payments from <span class=\"_ _16\"> </span>the <span class=\"_ _1a\"> </span>customers <span class=\"_ _16\"> </span>are <span class=\"_ _1a\"> </span>subject <span class=\"_ _16\"> </span>to <span class=\"_ _16\"> </span>an <span class=\"_ _1a\"> </span>annual <span class=\"_ _16\"> </span>CPI adjustment, <span class=\"_ _34\"> </span>which <span class=\"_ _34\"> </span>is <span class=\"_ _18\"> </span>expected <span class=\"_ _34\"> </span>to <span class=\"_ _18\"> </span>compensate <span class=\"_ _34\"> </span>for increasing financing <span class=\"_ _e\"></span>costs to <span class=\"_ _e\"></span>a large <span class=\"_ _e\"></span>extent. In <span class=\"_ _e\"></span>addition, the implicit <span class=\"_ _14\"> </span>interest <span class=\"_ _1d\"> </span>rates <span class=\"_ _1d\"> </span>in <span class=\"_ _1d\"> </span>new <span class=\"_ _1d\"> </span>customer <span class=\"_ _1d\"> </span>contracts <span class=\"_ _1d\"> </span>may <span class=\"_ _1d\"> </span>be increased <span class=\"_ _d\"> </span>if <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>financing <span class=\"_ _d\"> </span>costs <span class=\"_ _11\"> </span>increase, <span class=\"_ _d\"> </span>giving <span class=\"_ _11\"> </span>higher recurring <span class=\"_\"> </span>revenue <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>the <span class=\"_\"> </span>future. <span class=\"_ _13\"> </span>As <span class=\"_\"> </span>of <span class=\"_\"> </span>the <span class=\"_ _2f\"> </span>balance <span class=\"_\"> </span>sheet date <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>Group <span class=\"_ _19\"> </span>has <span class=\"_ _d\"> </span>very <span class=\"_ _19\"> </span>moderate <span class=\"_ _19\"> </span>debt <span class=\"_ _19\"> </span>financing <span class=\"_ _d\"> </span>and interest <span class=\"_ _1d\"> </span>expense, <span class=\"_ _13\"> </span>whereof <span class=\"_ _1d\"> </span>only <span class=\"_ _13\"> </span>NOK <span class=\"_ _13\"> </span>5 <span class=\"_ _1d\"> </span>million <span class=\"_ _13\"> </span>has <span class=\"_ _1d\"> </span>floating interest <span class=\"_ _10\"></span>rate, <span class=\"_ _12\"></span>hence <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>exposure <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>interest <span class=\"_ _10\"></span>fluctuations <span class=\"_ _12\"></span>is very limited.Overall <span class=\"_ _11\"> </span>the <span class=\"_ _11\"> </span>risk <span class=\"_ _11\"> </span>related <span class=\"_ _11\"> </span>to <span class=\"_ _11\"> </span>interest <span class=\"_ _11\"> </span>rates <span class=\"_ _11\"> </span>has <span class=\"_ _11\"> </span>increased during <span class=\"_ _21\"> </span>2022, <span class=\"_ _21\"> </span>with <span class=\"_ _21\"> </span>the <span class=\"_ _21\"> </span>increased <span class=\"_ _21\"> </span>central <span class=\"_ _21\"> </span>banks <span class=\"_ _21\"> </span>rates. However, <span class=\"_ _e\"></span>taking into <span class=\"_ _e\"></span>consideration the <span class=\"_ _e\"></span>mitigating <span class=\"_ _e\"></span>effects of inflation <span class=\"_ _15\"> </span>adjustment <span class=\"_ _15\"> </span>and <span class=\"_ _34\"> </span>yield <span class=\"_ _15\"> </span>adjustment <span class=\"_ _15\"> </span>on <span class=\"_ _34\"> </span>new contracts <span class=\"_ _e\"></span>(as <span class=\"_ _10\"></span>described <span class=\"_ _e\"></span>above), <span class=\"_ _10\"></span>the <span class=\"_ _10\"></span>Group <span class=\"_ _e\"></span>has <span class=\"_ _10\"></span>decided <span class=\"_ _e\"></span>to maintain <span class=\"_ _10\"></span>its\u2019 <span class=\"_ _12\"></span>policy <span class=\"_ _10\"></span>not <span class=\"_ _12\"></span>to <span class=\"_ _10\"></span>enter <span class=\"_ _12\"></span>into <span class=\"_ _10\"></span>interest <span class=\"_ _12\"></span>rate <span class=\"_ _10\"></span>swaps <span class=\"_ _10\"></span>to hedge interest rate risk.In <span class=\"_\"> </span>January <span class=\"_ _13\"> </span>2023 <span class=\"_\"> </span>the <span class=\"_\"> </span>Group <span class=\"_\"> </span>obtained <span class=\"_ _13\"> </span>a <span class=\"_\"> </span>new <span class=\"_\"> </span>debt <span class=\"_ _2f\"> </span>facility with <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>two <span class=\"_ _e\"></span>Norwegian <span class=\"_ _e\"></span>financial <span class=\"_ _e\"></span>institutions <span class=\"_ _e\"></span>DNB <span class=\"_ _e\"></span>Bank <span class=\"_ _e\"></span>and Sparebank 1 SR Bank see note 25 for further information.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__100": {
   "value": "Liquidity riskLiquidity <span class=\"_ _d\"> </span>risk <span class=\"_ _d\"> </span>is <span class=\"_ _d\"> </span>the <span class=\"_ _11\"> </span>risk <span class=\"_ _19\"> </span>that <span class=\"_ _11\"> </span>the <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>will have <span class=\"_ _18\"> </span>difficulties <span class=\"_ _26\"> </span>in <span class=\"_ _18\"> </span>paying <span class=\"_ _26\"> </span>its <span class=\"_ _18\"> </span>financial liabilities.While <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>Group <span class=\"_ _1d\"> </span>has <span class=\"_ _1d\"> </span>a <span class=\"_ _13\"> </span>strong <span class=\"_ _1d\"> </span>cash <span class=\"_ _1d\"> </span>position, the <span class=\"_ _16\"> </span>subscription <span class=\"_ _16\"> </span>business <span class=\"_ _16\"> </span>is <span class=\"_ _16\"> </span>exposed <span class=\"_ _16\"> </span>to liquidity <span class=\"_ _16\"> </span>risk <span class=\"_ _16\"> </span>over <span class=\"_ _16\"> </span>time. <span class=\"_ _16\"> </span>The <span class=\"_ _16\"> </span>subscription business <span class=\"_ _13\"> </span>consists <span class=\"_\"> </span>mainly <span class=\"_ _13\"> </span>of <span class=\"_ _13\"> </span>purchasing <span class=\"_\"> </span>and installing <span class=\"_ _1f\"> </span>solar <span class=\"_ _1f\"> </span>systems <span class=\"_ _1a\"> </span>and <span class=\"_ _1f\"> </span>batteries <span class=\"_ _1f\"> </span>at private <span class=\"_ _12\"></span>individuals\u2019 <span class=\"_ _14\"> </span>houses, <span class=\"_ _14\"></span>and <span class=\"_ _12\"></span>entering <span class=\"_ _14\"> </span>into long <span class=\"_ _17\"> </span>term <span class=\"_ _15\"> </span>leasing <span class=\"_ _17\"> </span>contracts <span class=\"_ _15\"> </span>with <span class=\"_ _17\"> </span>these customers <span class=\"_ _1d\"> </span>(20 <span class=\"_ _1d\"> </span>years <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>PV <span class=\"_ _1d\"> </span>and <span class=\"_ _13\"> </span>10 <span class=\"_ _1d\"> </span>years <span class=\"_ _1d\"> </span>for batteries). The <span class=\"_ _1d\"> </span>management <span class=\"_ _13\"> </span>were <span class=\"_ _13\"> </span>working <span class=\"_ _1d\"> </span>to <span class=\"_ _13\"> </span>secure <span class=\"_ _13\"> </span>a financing <span class=\"_\"> </span>package <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>the <span class=\"_ _19\"> </span>end <span class=\"_ _19\"> </span>of <span class=\"_\"> </span>2022. <span class=\"_ _19\"> </span>This was <span class=\"_ _f\"> </span>landed <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>January <span class=\"_ _f\"> </span>2023, <span class=\"_ _f\"> </span>see <span class=\"_ _f\"> </span>further information <span class=\"_ _13\"> </span>in <span class=\"_\"> </span>note <span class=\"_ _13\"> </span>25. <span class=\"_ _13\"> </span>With <span class=\"_\"> </span>the <span class=\"_ _13\"> </span>announced financing <span class=\"_ _f\"> </span>package <span class=\"_ _f\"> </span>of <span class=\"_ _f\"> </span>NOK <span class=\"_ _f\"> </span>250 <span class=\"_ _f\"> </span>million <span class=\"_ _f\"> </span>in equity <span class=\"_ _14\"> </span>and <span class=\"_ _14\"> </span>up <span class=\"_ _14\"> </span>to <span class=\"_ _1d\"> </span>EUR <span class=\"_ _14\"> </span>100 <span class=\"_ _14\"> </span>million <span class=\"_ _1d\"> </span>in <span class=\"_ _14\"> </span>debt, <span class=\"_ _14\"> </span>the Group\u2019s <span class=\"_ _1a\"> </span>growth <span class=\"_ _1a\"> </span>in <span class=\"_ _1a\"> </span>subscription <span class=\"_ _1a\"> </span>assets <span class=\"_ _1a\"> </span>is secured <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>short <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>medium <span class=\"_ _e\"></span>term. <span class=\"_ _e\"></span>In <span class=\"_ _e\"></span>the longer <span class=\"_ _1a\"> </span>term, <span class=\"_ _16\"> </span>financing <span class=\"_ _1a\"> </span>of <span class=\"_ _1a\"> </span>new <span class=\"_ _16\"> </span>customer contracts may require further debt and equity financing or a disposal of assets.Maturity profile of the Group\u2019s liabilities (in nominal values) <span class=\"_ _207\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.22yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _e6\"> </span>16 619<span class=\"_ _3e\"> </span>7 918<span class=\"_ _aa\"> </span>5 158<span class=\"_ _49\"> </span>3 544<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other135 136<span class=\"_ _7\"> </span>17 595<span class=\"_ _b\"> </span>16 674<span class=\"_ _8\"> </span>15 906<span class=\"_ _8\"> </span>14 994<span class=\"_ _b\"> </span>13 948<span class=\"_ _41\"> </span>56 019Trade payables<span class=\"_ _1be\"> </span>71 473<span class=\"_ _ac\"> </span>71 473<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _1e7\"> </span>27 415<span class=\"_ _28\"> </span>27 415<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _36\"> </span>147 260<span class=\"_ _25\"> </span>147 260<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _164\"> </span>397 904<span class=\"_ _3a\"> </span>271 661<span class=\"_ _28\"> </span>21 832<span class=\"_ _c\"> </span>19 450<span class=\"_ _c\"> </span>14 994<span class=\"_ _41\"> </span>13 948<span class=\"_ _41\"> </span>56 019 <span class=\"_ _11b\"> </span><span class=\"ff3\">Total as of</span>&lt; 12 345&gt;531.12.21yearyearsyearsyearsyearsyearsNon-derivative financial obligationsLeasing<span class=\"_ _208\"> </span>9 411<span class=\"_ _61\"> </span>2 797<span class=\"_ _9\"> </span>2 205<span class=\"_ _5c\"> </span>2 205<span class=\"_ _9\"> </span>2 205<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-1Credit institutions &amp; other12 541<span class=\"_ _49\"> </span>5 353<span class=\"_ _49\"> </span>2 609<span class=\"_ _aa\"> </span>1 650<span class=\"_ _131\"> </span>1 397<span class=\"_ _131\"> </span>1 023<span class=\"_ _2a\"> </span>509Trade payables<span class=\"_ _209\"> </span>29 889<span class=\"_ _40\"> </span>29 889<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Public duties payable<span class=\"_ _d2\"> </span>22 132<span class=\"_ _ac\"> </span>22 132<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Other current liabilities<span class=\"_ _9a\"> </span>51 056<span class=\"_ _8\"> </span>51 056<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-<span class=\"_ _74\"> </span>-Total<span class=\"_ _20a\"> </span>125 029<span class=\"_ _41\"> </span>111 226<span class=\"_ _61\"> </span>4 814<span class=\"_ _23\"> </span>3 855<span class=\"_ _5c\"> </span>3 602<span class=\"_ _3e\"> </span>1 023<span class=\"_ _2a\"> </span>5091) Borrowings from credit institutions and other interest-bearing liabilitiesCurrency riskThe <span class=\"_ _e\"></span>Group <span class=\"_ _e\"></span>is <span class=\"_ _10\"></span>exposed <span class=\"_ _e\"></span>to <span class=\"_ _e\"></span>currency <span class=\"_ _10\"></span>risk <span class=\"_ _e\"></span>related <span class=\"_ _e\"></span>to <span class=\"_ _10\"></span>investments <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>foreign <span class=\"_ _10\"></span>entities <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>proceeds <span class=\"_ _10\"></span>from these <span class=\"_ _1d\"> </span>investments <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>vary <span class=\"_ _13\"> </span>with <span class=\"_ _13\"> </span>changes <span class=\"_ _13\"> </span>in <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>exchange <span class=\"_ _13\"> </span>rate. <span class=\"_ _13\"> </span>The <span class=\"_ _13\"> </span>net <span class=\"_ _13\"> </span>income <span class=\"_ _13\"> </span>of <span class=\"_ _1d\"> </span>the Group is <span class=\"_ _e\"></span>also affected <span class=\"_ _e\"></span>by currency fluctuations, <span class=\"_ _e\"></span>as the profit <span class=\"_ _e\"></span>and losses <span class=\"_ _e\"></span>from foreign operations <span class=\"_ _e\"></span>are translated into NOK using the average exchange rates for the period.To <span class=\"_ _14\"></span>the <span class=\"_ _12\"></span>extent <span class=\"_ _14\"> </span>possible, <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>Group <span class=\"_ _14\"> </span>intends <span class=\"_ _14\"> </span>to <span class=\"_ _14\"></span>finance <span class=\"_ _14\"></span>its <span class=\"_ _12\"></span>operations <span class=\"_ _14\"> </span>through <span class=\"_ _14\"> </span>debt <span class=\"_ _14\"> </span>financing <span class=\"_ _14\"> </span>in <span class=\"_ _14\"></span>the respective <span class=\"_ _10\"></span>countries\u2019 <span class=\"_ _10\"></span>currency. <span class=\"_ _10\"></span>The <span class=\"_ _12\"></span>Group\u2019s <span class=\"_ _e\"></span>current <span class=\"_ _12\"></span>policy <span class=\"_ _10\"></span>is <span class=\"_ _10\"></span>not <span class=\"_ _10\"></span>to <span class=\"_ _10\"></span>hedge <span class=\"_ _12\"></span>its <span class=\"_ _10\"></span>currency <span class=\"_ _10\"></span>risk <span class=\"_ _10\"></span>through FX futures or other derivatives.The <span class=\"_ _e\"></span>currency <span class=\"_ _e\"></span>risk <span class=\"_ _e\"></span>for each <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _e\"></span>Group\u2019s <span class=\"_ _e\"></span>subsidiaries <span class=\"_ _e\"></span>is <span class=\"_ _e\"></span>limited <span class=\"_ _e\"></span>as each <span class=\"_ _e\"></span>entity <span class=\"_ _e\"></span>has <span class=\"_ _e\"></span>its <span class=\"_ _e\"></span>revenues <span class=\"_ _e\"></span>and costs in its local currency. Wholesale prices of materials may to a certain extent <span class=\"_ _e\"></span>vary with variations in <span class=\"_ _13\"> </span>foreign <span class=\"_ _13\"> </span>exchange <span class=\"_ _2f\"> </span>rates, <span class=\"_ _13\"> </span>that <span class=\"_ _13\"> </span>will <span class=\"_ _2f\"> </span>influence <span class=\"_ _13\"> </span>prices <span class=\"_ _13\"> </span>to <span class=\"_ _2f\"> </span>customers <span class=\"_ _13\"> </span>which <span class=\"_ _13\"> </span>again <span class=\"_ _2f\"> </span>could <span class=\"_ _13\"> </span>affect <span class=\"_ _13\"> </span>the attractiveness of the product.SensitivityIf <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>following <span class=\"_ _14\"> </span>currencies <span class=\"_ _14\"> </span>had <span class=\"_ _14\"> </span>strengthened/weakened <span class=\"_ _1d\"> </span>against <span class=\"_ _14\"> </span>the <span class=\"_ _14\"> </span>functional <span class=\"_ _14\"> </span>currency, <span class=\"_ _14\"> </span>it <span class=\"_ _1d\"> </span>would have had the below <span class=\"ff5\">direct </span>effect on the Group\u2019s loss:Profit and loss <span class=\"_ _ad\"> </span><span class=\"ff3 fcc\">Change in<span class=\"_ _132\"> </span>2022<span class=\"_ _8b\"> </span>2021</span>EUR<span class=\"_ _20b\"> </span>+/- 10%<span class=\"_ _20c\"> </span>18 333<span class=\"_ _1c3\"> </span>8 485SEK<span class=\"_ _20d\"> </span>+/- 10%<span class=\"_ _20e\"> </span>2 680<span class=\"_ _15e\"> </span>1 940PLN<span class=\"_ _20d\"> </span>+/- 10%<span class=\"_ _1e2\"> </span>2 367<span class=\"_ _20f\"> </span>726GBP<span class=\"_ _144\"> </span>+/- 10%<span class=\"_ _1bd\"> </span>375<span class=\"_ _1ee\"> </span>-CHF<span class=\"_ _144\"> </span>+/- 10%<span class=\"_ _1c1\"> </span>1 207<span class=\"_ _1ee\"> </span>-USD<span class=\"_ _144\"> </span><span class=\"fca\">+/- 10%<span class=\"_ _f6\"> </span></span>284<span class=\"_ _210\"> </span>-Total<span class=\"_ _fe\"> </span><span class=\"ff4\"> <span class=\"_ _d9\"> </span></span>25 246<span class=\"_ _1c1\"> </span>11 151",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__102": {
   "value": "EDEA,  the  subscription  business,  financed  its  activities  in 2022 partly through debt financing from Nordea Bank. Thus the Group is exposed to market risk related to fluctuations in interest rates and currencies in the countries where the Group  has  operations.  The  interest  rates  in  the  Group\u2019s financing  agreements  vary  with  the  respective  IBOR-rate. Consequently,  the  Group  is  exposed  to  the  risk  that  its financing costs may increase. This  risk  is  mitigated  in  two  ways.  The  monthly  payments from  the  customers  are  subject  to  an  annual  CPI adjustment,  which  is  expected  to  compensate  for increasing financing costs to a large extent. In addition, the implicit  interest  rates  in  new  customer  contracts  may  be increased  if  the  financing  costs  increase,  giving  higher recurring  revenue  in  the  future.  As  of  the  balance  sheet date  the  Group  has  very  moderate  debt  financing  and interest  expense,  whereof  only  NOK  5  million  has  floating interest rate, hence the exposure to interest fluctuations is very limited.Overall  the  risk  related  to  interest  rates  has  increased during  2022,  with  the  increased  central  banks  rates. However, taking into consideration the mitigating effects of inflation  adjustment  and  yield  adjustment  on  new contracts (as described above), the Group has decided to maintain its\u2019 policy not to enter into interest rate swaps to hedge interest rate risk.In  January  2023  the  Group  obtained  a  new  debt  facility with the two Norwegian financial institutions DNB Bank and Sparebank 1 SR Bank see note 25 for further information.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__103": {
   "value": "Note 20. Share capital and shareholder informationOrdinary shares have a nominal value of NOK 0.01 each and all provide the same rights in the Company.Share capital<span class=\"_ _e3\"> </span>Number of shares<span class=\"_ _f9\"> </span>Share price<span class=\"_ _73\"> </span>Carrying amountOrdinary shares<span class=\"_ _147\"> </span><span class=\"fca\">136 214 346<span class=\"_ _1c1\"> </span>20</span>.15<span class=\"_ _f2\"> </span>2 744 719 072The shareholders of Otovo ASA<span class=\"_ _18c\"> </span>Number of shares<span class=\"_ _211\"> </span>% TotalAxel Johnson AB<span class=\"_ _212\"> </span>27 684 07820.32%Nysn\u00f8 Klimainvesteringer AS<span class=\"_ _ad\"> </span>9 880 1757.25%Agder Energi Invest AS<span class=\"_ _213\"> </span>9 206 2406.76%Andmar Operations AS<span class=\"_ _214\"> </span>8 664 6106.36%Akershus Energi Sol AS<span class=\"_ _14d\"> </span>6 312 4204.63%BNP Paribas<span class=\"_ _215\"> </span>6 173 6224.53%OBOS BBL<span class=\"_ _216\"> </span>5 260 1803.86%Verdipapirfondet Holberg Global<span class=\"_ _207\"> </span>5 202 8203.82%Verdipapirfondet DNB Gr\u00f8nt Norden<span class=\"_ _217\"> </span>4 172 4613.06%Altitude Capital AS<span class=\"_ _14a\"> </span>3 090 0812.27%Citibank Europe plc<span class=\"_ _182\"> </span>2 861 6062.10%Verdipapirfondet KLP Aksjenorge<span class=\"_ _218\"> </span>2 669 1381.96%Simvest AS<span class=\"_ _102\"> </span>2 631 2881.93%Morgan Stanley &amp; Co. Int. Plc.<span class=\"_ _219\"> </span>2 277 3201.67%Beacon Group AS<span class=\"_ _21a\"> </span>2 167 1001.59%J.P. Morgan SE<span class=\"_ _17f\"> </span>1 898 3201.39%Morgan Stanley &amp; Co. LLC<span class=\"_ _21b\"> </span>1 613 8761.18%Verdipapirfondet DNB SMB<span class=\"_ _17b\"> </span>1 512 6051.11%Pictet &amp; Cie (Europe) S.A.<span class=\"_ _21c\"> </span>1 506 1151.11%CAK AS<span class=\"_ _21d\"> </span>1 175 0060.86%Remaining shareholders (less than 1%)<span class=\"_ _21e\"> </span>30 255 28522.21%Showing holdings as of 31 December 2022Updated list of shareholders can be found at investor.otovo.com/stock-info",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__104": {
   "value": "Note 21. Related party transactionsAmounts in NOK thousandRelated parties are defined as entities outside the Otovo Group that are under control (directly or indirectly),  joint  control,  significant  influence  by  Otovo.  Equity  accounted  companies  are  also considered as related parties.The investment in Holu has been reclassified from investments in associated companies to assets held for sale in accordance with IFRS 5.  The  following  amounts  from  the  consolidated  statement  of  profit  and  loss,  if  any,  relates  to transaction with related parties throughout the current financial year:Consolidated statement of profit and loss 2022 2021Sale to EDEA (during the period it was associated company) - 56 642Sale to Holu 1 147 353Total revenues 1 147 56 995Consolidated statement of financial position 31 Dec 2022 31 Dec 2021Trade Receivables 1 021 -Other receivables and prepayments 278 353Other current liabilities - -Net balances with related parties 1 299 353",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__106": {
   "value": "Note 22. Business combinationsAmounts in NOK thousandDuring <span class=\"_ _12\"></span>2021 <span class=\"_ _12\"></span>Otovo <span class=\"_ _12\"></span>ASA <span class=\"_ _14\"></span>increased <span class=\"_ _12\"></span>its <span class=\"_ _12\"></span>investment <span class=\"_ _12\"></span>in <span class=\"_ _14\"></span>European <span class=\"_ _12\"></span>Distributed <span class=\"_ _12\"></span>Energy <span class=\"_ _12\"></span>Assets <span class=\"_ _12\"></span>Holding <span class=\"_ _14\"></span>AS (EDEA) <span class=\"_ _13\"> </span>from <span class=\"_\"> </span>18.75% <span class=\"_ _1d\"> </span>to <span class=\"_\"> </span>88.43% <span class=\"_ _1d\"> </span>and <span class=\"_\"> </span>gained <span class=\"_ _1d\"> </span>control <span class=\"_\"> </span>of <span class=\"_ _13\"> </span>the <span class=\"_ _13\"> </span>company. <span class=\"_\"> </span>European <span class=\"_ _1d\"> </span>Distributed <span class=\"_\"> </span>Energy Assets <span class=\"_ _10\"></span>Holding <span class=\"_ _10\"></span>AS <span class=\"_ _12\"></span>was <span class=\"_ _10\"></span>merged <span class=\"_ _10\"></span>with <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>ASA <span class=\"_ _12\"></span>during <span class=\"_ _10\"></span>2022 <span class=\"_ _10\"></span>and <span class=\"_ _10\"></span>after <span class=\"_ _12\"></span>the <span class=\"_ _10\"></span>merger <span class=\"_ _10\"></span>Otovo <span class=\"_ _10\"></span>ASA <span class=\"_ _12\"></span>holds 100% of the shares in European Distributed Energy Assets Midco AS.Due to <span class=\"_ _e\"></span>relatively low capital <span class=\"_ _e\"></span>intensity in acquisitions <span class=\"_ _e\"></span>other than the <span class=\"_ _e\"></span>value of customer <span class=\"_ _e\"></span>contracts and intellectual <span class=\"_ _10\"></span>property, <span class=\"_ _10\"></span>acquisitions <span class=\"_ _12\"></span>within <span class=\"_ _10\"></span>this <span class=\"_ _10\"></span>sector <span class=\"_ _12\"></span>will <span class=\"_ _10\"></span>typically <span class=\"_ _10\"></span>result <span class=\"_ _12\"></span>in <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>relatively <span class=\"_ _12\"></span>large <span class=\"_ _10\"></span>goodwill balance. <span class=\"_ _1d\"> </span>This <span class=\"_ _1d\"> </span>goodwill <span class=\"_ _1d\"> </span>balance <span class=\"_ _1d\"> </span>represents <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>surplus <span class=\"_ _1d\"> </span>of <span class=\"_ _1d\"> </span>the <span class=\"_ _1d\"> </span>purchase <span class=\"_ _1d\"> </span>price <span class=\"_ _1d\"> </span>compared <span class=\"_ _1d\"> </span>with <span class=\"_ _1d\"> </span>the accounting <span class=\"_ _e\"></span>value <span class=\"_ _10\"></span>of <span class=\"_ _e\"></span>the <span class=\"_ _10\"></span>net <span class=\"_ _e\"></span>fixed <span class=\"_ _10\"></span>and <span class=\"_ _e\"></span>intangible <span class=\"_ _10\"></span>assets <span class=\"_ _e\"></span>of <span class=\"_ _10\"></span>the <span class=\"_ _e\"></span>acquired <span class=\"_ _10\"></span>company. <span class=\"_ _e\"></span>Goodwill <span class=\"_ _10\"></span>can <span class=\"_ _e\"></span>be explained <span class=\"_ _e\"></span>by the <span class=\"_ _e\"></span>value associated <span class=\"_ _e\"></span>with <span class=\"_ _e\"></span>the skills <span class=\"_ _e\"></span>and know-how <span class=\"_ _e\"></span>of acquired <span class=\"_ _e\"></span>company\u2019s <span class=\"_ _e\"></span>employees, new <span class=\"_ _e\"></span>customers <span class=\"_ _e\"></span>and <span class=\"_ _e\"></span>potential extensions <span class=\"_ _e\"></span>of <span class=\"_ _e\"></span>existing <span class=\"_ _e\"></span>relationships. <span class=\"_ _e\"></span>The <span class=\"_ _e\"></span>goodwill <span class=\"_ _e\"></span>represents expected synergies both on revenue and expenses and increased market share, and it is not tax deductible.Assets <span class=\"_\"> </span>identified <span class=\"_\"> </span>includes <span class=\"_\"> </span>present <span class=\"_\"> </span>value <span class=\"_\"> </span>of <span class=\"_\"> </span>customer <span class=\"_\"> </span>contracts. <span class=\"_\"> </span>Which <span class=\"_ _45\"> </span>has <span class=\"_ _45\"> </span>been <span class=\"_ _45\"> </span>calculated <span class=\"_\"> </span>as present <span class=\"_ _14\"> </span>value <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>future <span class=\"_ _14\"> </span>customer <span class=\"_ _14\"> </span>payments <span class=\"_ _1d\"> </span>less <span class=\"_ _14\"> </span>operation <span class=\"_ _14\"> </span>&amp; <span class=\"_ _14\"> </span>maintenance <span class=\"_ _14\"> </span>costs, <span class=\"_ _1d\"> </span>upfront <span class=\"_ _14\"> </span>system COGS, tax and future SG&amp;A for systems already sold or installed. The <span class=\"_\"> </span>exclusivity <span class=\"_ _13\"> </span>agreement <span class=\"_\"> </span>between <span class=\"_\"> </span>Otovo <span class=\"_ _2f\"> </span>and <span class=\"_\"> </span>EDEA <span class=\"_ _13\"> </span>valid <span class=\"_\"> </span>until <span class=\"_\"> </span>2023 <span class=\"_ _2f\"> </span>has <span class=\"_\"> </span>been <span class=\"_ _13\"> </span>valued <span class=\"_\"> </span>with <span class=\"_\"> </span>the abovementioned <span class=\"_ _10\"></span>approached, <span class=\"_ _12\"></span>based <span class=\"_ _12\"></span>on <span class=\"_ _10\"></span>the <span class=\"_ _12\"></span>expected <span class=\"_ _10\"></span>future <span class=\"_ _12\"></span>customer <span class=\"_ _12\"></span>contracts <span class=\"_ _10\"></span>to <span class=\"_ _12\"></span>be <span class=\"_ _10\"></span>originated and delivered under the exclusivity agreement  in 2022 and 2023. Fixed assets is the book value of systems installed as of closing of the transaction.Allocation of purchase priceTransaction detailsAcquiring company<span class=\"_ _223\"> </span>Otovo ASAAcquisition date<span class=\"_ _1d7\"> </span>8.12.2021Country<span class=\"_ _224\"> </span>NorwayCurrency<span class=\"_ _225\"> </span>NOKVoting rights / ownership interest before acquisition<span class=\"_ _175\"> </span>18.75%Voting rights / ownership interest after acquisition<span class=\"_ _226\"> </span>88.43%Consideration transferred in form of Otovo shares (NOK)<span class=\"_ _227\"> </span>189,414,86069.68% of Total identifiable net assets acquired (NOK, see table below)<span class=\"_ _228\"> </span>143,516,711Identified assets acquired and liabilities assumedCustomer contracts<span class=\"_ _1cf\"> </span>21 440Exclusivity agreement<span class=\"_ _1ba\"> </span>59 675Fixed assets<span class=\"_ _229\"> </span>64 950Trade receivables<span class=\"_ _22a\"> </span>900Other short-term receivables<span class=\"_ _22b\"> </span>10 874Cash and cash equivalent<span class=\"_ _137\"> </span>78 602Total assets<span class=\"_ _22c\"> </span>236 442Deferred tax liability<span class=\"_ _22d\"> </span>17 845Current liabilities<span class=\"_ _22e\"> </span>12 631Total liabilities<span class=\"_ _22f\"> </span>30 476Total identifiable net assets acquired<span class=\"_ _1f7\"> </span>205 965Consideration transferred (for 69.68% of shares)<span class=\"_ _230\"> </span>189 415Fair value of previous equity interest (18.75%)<span class=\"_ _231\"> </span>50 969Amount of non-controlling interest (11.57%)<span class=\"_ _232\"> </span>31 451Fair value 100%<span class=\"_ _1d8\"> </span><span class=\"ff4\">271 835</span>Fair value of identifiable net assets (100%)<span class=\"_ _233\"> </span>205 965Goodwill<span class=\"_ _234\"> </span>65 870Book value of investment in EDEA before acquisition<span class=\"_ _175\"> </span>26 322Calculated value of 18.75% of shares at acquisition date<span class=\"_ _214\"> </span>50 969Acquisition gain in Otovo Group<span class=\"_ _ae\"> </span>24 647",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__107": {
   "value": "Note 23. Contracted future subscription paymentsAmounts in NOK thousandSubscription  customers  enters  into  a  20  year  contract  for  PV  systems,  and  10  year  contract  for batteries,  paying  a  monthly  price  that  is  adjusted  for  inflation  annually.  The  existing  subscription customers are contracted to pay the subscription SPV NOK 492m over the next 20 years, assuming 2%  annual  inflation  for  the  remainder  of  the  contract  period,  without  accounting  for  churn.  The customer  has  the  right  to  purchase  the  solar  panel  installation  during  the  contract  period  at residual value, which is considered to be above market value, or at the end of the contract period at market  value.  Dismantling  expenses  at  the  end  of  the  contract  period  are  to  be  covered  by  the customer.Subscriptions  customers  have  20  year  guarantees  for  PV  systems,  10  years  for  batteries,  the guarantee is related to the performance of assets held and maintained by the Group. The Group\u2019s share of repair and replacement costs will be expensed as they occur, if not covered by warranties from hardware producers or installation partners. 202420262031EDEA Contracted customer payments NPV 2023Total-2025-2030-2042Non-discounted contracted   22 216 45 769 122 677 301 390 492 052customer payments assuming 2% annual inflation adjustmentsNPV at 5% discount rate 305 387",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__109": {
   "value": "Note 24. Earnings per shareAmounts in NOK thousandBasic  earnings  per  share  amounts  are  calculated  by  dividing  the  profit  after  tax  for  the  year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year.Diluted earnings per share amounts are calculated by dividing the profit after tax for the year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year, plus the weighted average number of ordinary shares  that  would  be  issued  on  conversion  of  all  the  potentially  dilutive  ordinary  shares  into ordinary shares.The following reflects the profit and share data used in the basic and diluted earnings per share computations. Earnings per share and number of shares (both years) outstanding is updated to reflect split of 10 completed at listing on Euronext Growth in February 2021.  2022 2021Profit/(loss) after tax attributable to parent company shareholders -309 498 -153 612Number of shares outstanding at 1 January 114 273 977 83 066 905New shares issued during the year 21 940 369 31 207 072Number of shares outstanding at 31 December 136 214 346 114 273 977Weighted average number of shares during the year 125 244 162 93 553 324Earnings per share (in NOK)    Basic \u22122,47 \u22121,64Diluted \u22122,47 \u22121,64Effect of dilution is 0 in both years as the Group is reporting a loss after tax. Performance shares, retention share and share options granted could potentially dilute basic earnings per share in the future. Refer to note 7 for further details about these shares and options",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__108": {
   "value": "Note 24. Earnings per shareAmounts in NOK thousandBasic  earnings  per  share  amounts  are  calculated  by  dividing  the  profit  after  tax  for  the  year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year.Diluted earnings per share amounts are calculated by dividing the profit after tax for the year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year, plus the weighted average number of ordinary shares  that  would  be  issued  on  conversion  of  all  the  potentially  dilutive  ordinary  shares  into ordinary shares.The following reflects the profit and share data used in the basic and diluted earnings per share computations. Earnings per share and number of shares (both years) outstanding is updated to reflect split of 10 completed at listing on Euronext Growth in February 2021.  2022 2021Profit/(loss) after tax attributable to parent company shareholders -309 498 -153 612Number of shares outstanding at 1 January 114 273 977 83 066 905New shares issued during the year 21 940 369 31 207 072Number of shares outstanding at 31 December 136 214 346 114 273 977Weighted average number of shares during the year 125 244 162 93 553 324Earnings per share (in NOK)    Basic \u22122,47 \u22121,64Diluted \u22122,47 \u22121,64Effect of dilution is 0 in both years as the Group is reporting a loss after tax. Performance shares, retention share and share options granted could potentially dilute basic earnings per share in the future. Refer to note 7 for further details about these shares and options",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800GFRKV96MLT9G04",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}