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\n
\n
\nNote 1. Overview and material accounting policies
\n
\n\n
\n1.1. Overview
\nSocfinasia\u205f\u200aS.A.\u205f\u200a(the\u205f\u200a\u201cCompany\")\u205f\u200awas\u205f\u200aincorporated\u205f\u200aon\u205f\u200a
\n20\u205f\u200a November\u205f\u200a 1972.\u205f\u200a Its\u205f\u200a corporate\u205f\u200a purpose\u205f\u200a qualifies\u205f\u200a
\nit\u205f\u200aas\u205f\u200a a\u205f\u200a soparfi
\nG
\n\u205f\u200a(terms\u205f\u200a having\u205f\u200a a\u205f\u200a
\nG
\n\u205f\u200aare\u205f\u200a explained\u205f\u200a part\u205f\u200a
\n\u201cGlossary\u201d\u205f\u200a at\u205f\u200a the\u205f\u200a end\u205f\u200a of\u205f\u200a the\u205f\u200a annual\u205f\u200a report)\u205f\u200a since\u205f\u200a
\nthe\u205f\u200aAnnual\u205f\u200aGeneral\u205f\u200aMeeting\u205f\u200aof\u205f\u200a10\u205f\u200aJanuary\u205f\u200a2011.\u205f\u200aThe\u205f\u200a
\nregistered\u205f\u200aoffice\u205f\u200ais\u205f\u200aestablished\u205f\u200aat\u205f\u200a4,\u205f\u200aavenue\u205f\u200aGuillaume,\u205f\u200a
\nL-1650\u205f\u200ain\u205f\u200aLuxembourg.
\n\nThe\u205f\u200amain\u205f\u200aactivity\u205f\u200aof\u205f\u200athe\u205f\u200aCompany\u205f\u200aand\u205f\u200aits\u205f\u200asubsidiaries\u205f\u200a
\n(the\u205f\u200a \u201cGroup\")\u205f\u200a is\u205f\u200a the\u205f\u200a management\u205f\u200a of\u205f\u200a a\u205f\u200a portfolio\u205f\u200a of\u205f\u200a
\ninterests that mainly focuses on the operation of
\ntropical\u205f\u200a oil\u205f\u200a palm\u205f\u200a and\u205f\u200a rubber\u205f\u200a plantations\u205f\u200a mainly\u205f\u200a in\u205f\u200a
\nSouth-East of Asia.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSocfinasia\u205f\u200a is\u205f\u200a controlled\u205f\u200a by\u205f\u200a Soci\u00e9t\u00e9\u205f\u200a Financi\u00e8re\u205f\u200a des\u205f\u200a
\nCaoutchoucs,\u205f\u200a abbreviated\u205f\u200a as\u205f\u200a \u201cSocfin\u201d\u205f\u200a which\u205f\u200a is\u205f\u200a the\u205f\u200a
\nlargest\u205f\u200aentity\u205f\u200athat\u205f\u200aconsolidates.\u205f\u200aThe\u205f\u200aregistered\u205f\u200aoffice\u205f\u200a
\nof\u205f\u200athe\u205f\u200alatter\u205f\u200acompany\u205f\u200ais\u205f\u200aalso\u205f\u200alocated\u205f\u200ain\u205f\u200aLuxembourg.\u205f\u200a
\nThe\u205f\u200a Company\u205f\u200a is\u205f\u200a registered\u205f\u200a in\u205f\u200a the\u205f\u200a commercial\u205f\u200a
\nregister\u205f\u200a under\u205f\u200a the\u205f\u200a number\u205f\u200a B10534\u205f\u200a and\u205f\u200a is\u205f\u200a listed\u205f\u200a on\u205f\u200a
\nthe\u205f\u200a Luxembourg\u205f\u200a Stock\u205f\u200a Exchange\u205f\u200a under\u205f\u200a ISIN\u205f\u200a code:\u205f\u200a
\nLU0092047413.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\n
\n1.2. Statement of complaince
\nThe\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a statements\u205f\u200a have\u205f\u200a been\u205f\u200a
\nprepared\u205f\u200a on\u205f\u200aa\u205f\u200a going\u205f\u200a concern\u205f\u200a basis\u205f\u200a and\u205f\u200ain\u205f\u200a accordance\u205f\u200a
\nwith\u205f\u200aInternational\u205f\u200aFinancial\u205f\u200aReporting\u205f\u200aStandards\u205f\u200a(IFRS
\nG
\n)\u205f\u200a
\nas\u205f\u200a adopted\u205f\u200a by\u205f\u200a the\u205f\u200a European\u205f\u200a Union.\u205f\u200a The\u205f\u200a consolidated\u205f\u200a
\nfinancial\u205f\u200astatements\u205f\u200aare\u205f\u200apresented\u205f\u200ain\u205f\u200aeuros\u205f\u200aand\u205f\u200arounded\u205f\u200a
\nto the nearest whole number, the euro being the
\nfunctional\u205f\u200a currency\u205f\u200a of\u205f\u200a the\u205f\u200a parent\u205f\u200a company\u205f\u200a Socfinasia\u205f\u200a
\nand\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200apresentation\u205f\u200acurrency.
\n\nOn\u205f\u200a 27\u205f\u200a March\u205f\u200a 2024,\u205f\u200a the\u205f\u200aBoard\u205f\u200a of\u205f\u200a Directors\u205f\u200a approved\u205f\u200a
\nthe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIn conformity with the current legislation existing
\nin\u205f\u200a the\u205f\u200a Grand\u205f\u200a Duchy\u205f\u200a of\u205f\u200a Luxembourg,\u205f\u200a the\u205f\u200a financial\u205f\u200a
\nstatements\u205f\u200a will\u205f\u200a be\u205f\u200a approved\u205f\u200a by\u205f\u200a the\u205f\u200a shareholders\u205f\u200a
\nduring\u205f\u200athe\u205f\u200aAnnual\u205f\u200aGeneral\u205f\u200aMeeting.\u205f\u200aThe\u205f\u200aofficial\u205f\u200aversion\u205f\u200a
\nof\u205f\u200a these\u205f\u200a financial\u205f\u200a statements\u205f\u200a is\u205f\u200a the\u205f\u200a ESEF
\nG
\n version
\navailable\u205f\u200a with\u205f\u200a the\u205f\u200a Officially\u205f\u200a Appointed\u205f\u200a Mechanism\u205f\u200a
\n(OAM)\u205f\u200atool.
\nNew standards and amendments issued but not yet
\neffective on 1 January 2023:
\nThe\u205f\u200a Group\u205f\u200a does\u205f\u200a not\u205f\u200a expect\u205f\u200a the\u205f\u200a adoption\u205f\u200a of\u205f\u200a the\u205f\u200a
\nstandards\u205f\u200a and\u205f\u200a amendments\u205f\u200a described\u205f\u200a below\u205f\u200a to\u205f\u200a
\nhave\u205f\u200aa\u205f\u200amaterial\u205f\u200aimpact\u205f\u200aon\u205f\u200aits\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200a
\nstatements,\u205f\u200anor\u205f\u200adoes\u205f\u200ait\u205f\u200aanticipate\u205f\u200athe\u205f\u200aearly\u205f\u200aadoption\u205f\u200a
\nof\u205f\u200a new\u205f\u200a accounting\u205f\u200a standards,\u205f\u200a amendments\u205f\u200a and\u205f\u200a
\ninterpretations.
\n-\u205f\u200a In\u205f\u200aJanuary\u205f\u200a2020\u205f\u200aand\u205f\u200aOctober\u205f\u200a2022,\u205f\u200athe\u205f\u200aIASB\u205f\u200aissued\u205f\u200a
\namendments\u205f\u200a to\u205f\u200a paragraphs\u205f\u200a 69\u205f\u200a to\u205f\u200a 76\u205f\u200a of\u205f\u200a IAS
\nG
\n 1
\n\u201cPresentation\u205f\u200a of\u205f\u200a Financial\u205f\u200a Statements\u201d\u205f\u200a to\u205f\u200a specify\u205f\u200a
\nthe\u205f\u200arequirements\u205f\u200afor\u205f\u200aclassifying\u205f\u200aliabilities\u205f\u200aas\u205f\u200acurrent\u205f\u200a
\nor\u205f\u200anon-current.\u205f\u200aThe\u205f\u200aamendments\u205f\u200aclarify:
\n\u205f\u200a \u2022\u205f\u200a\u205f\u200aWhat\u205f\u200ais\u205f\u200ameant\u205f\u200aby\u205f\u200aa\u205f\u200aright\u205f\u200ato\u205f\u200adefer\u205f\u200asettlement\u205f\u200a
\n\u205f\u200a \u2022\u205f\u200a\u205f\u200aThat\u205f\u200aa\u205f\u200aright\u205f\u200ato\u205f\u200adefer\u205f\u200amust\u205f\u200aexist\u205f\u200aat\u205f\u200athe\u205f\u200aend\u205f\u200aof\u205f\u200athe\u205f\u200a
\nreporting\u205f\u200aperiod\u205f\u200a
\n\u205f\u200a \u2022\u205f\u200a\u205f\u200aThat\u205f\u200aclassification\u205f\u200ais\u205f\u200aunaffected\u205f\u200aby\u205f\u200athe\u205f\u200alikelihood\u205f\u200a
\nthat\u205f\u200aan\u205f\u200aentity\u205f\u200awill\u205f\u200aexercise\u205f\u200aits\u205f\u200adeferral\u205f\u200aright\u205f\u200a
\n\u205f\u200a \u2022\u205f\u200a\u205f\u200aThat\u205f\u200a only\u205f\u200a if\u205f\u200a an\u205f\u200a embedded\u205f\u200a derivative\u205f\u200a in\u205f\u200a a\u205f\u200a
\nconvertible\u205f\u200aliability\u205f\u200ais\u205f\u200aitself\u205f\u200aan\u205f\u200aequity\u205f\u200ainstrument\u205f\u200a
\nwould\u205f\u200a the\u205f\u200a terms\u205f\u200a of\u205f\u200a a\u205f\u200a liability\u205f\u200a not\u205f\u200a impact\u205f\u200a its\u205f\u200a
\nclassification\u205f\u200a
\n\u205f\u200a In\u205f\u200a addition,\u205f\u200a a\u205f\u200a requirement\u205f\u200a has\u205f\u200a been\u205f\u200a introduced\u205f\u200a
\nto\u205f\u200a require\u205f\u200adisclosure\u205f\u200a when\u205f\u200a a\u205f\u200a liability\u205f\u200a arising\u205f\u200a from\u205f\u200a
\na\u205f\u200a loan\u205f\u200a agreement\u205f\u200a is\u205f\u200a classified\u205f\u200a as\u205f\u200a non-current\u205f\u200a and\u205f\u200a
\nthe\u205f\u200aentity\u2019s\u205f\u200aright\u205f\u200ato\u205f\u200adefer\u205f\u200asettlement\u205f\u200ais\u205f\u200acontingent\u205f\u200a
\non compliance with future covenants within twelve
\nmonths.\u205f\u200aThe\u205f\u200a amendments\u205f\u200a are\u205f\u200aeffective\u205f\u200afor\u205f\u200aannual\u205f\u200a
\nreporting\u205f\u200a periods\u205f\u200a beginning\u205f\u200a on\u205f\u200a or\u205f\u200a after\u205f\u200a 1\u205f\u200a January\u205f\u200a
\n2024\u205f\u200aand\u205f\u200amust\u205f\u200abe\u205f\u200aapplied\u205f\u200aretrospectively.
\n
\n-\u205f\u200a In\u205f\u200aSeptember\u205f\u200a2022,\u205f\u200athe\u205f\u200aIASB\u205f\u200aissued\u205f\u200aamendments\u205f\u200ato\u205f\u200a
\nIFRS
\nG
\n\u205f\u200a16\u205f\u200ato\u205f\u200aspecify\u205f\u200athe\u205f\u200arequirements\u205f\u200athat\u205f\u200aa\u205f\u200aseller-
\nlessee uses in measuring the lease liability arising
\nin\u205f\u200aa\u205f\u200asale\u205f\u200aand\u205f\u200aleaseback\u205f\u200atransaction,\u205f\u200a to\u205f\u200aensure\u205f\u200athe\u205f\u200a
\nseller-lessee\u205f\u200a does\u205f\u200a not\u205f\u200a recognise\u205f\u200a any\u205f\u200a amount\u205f\u200a of\u205f\u200a
\nthe gain or loss that relates to the right of use
\nG
\n it
\nretains.\u205f\u200aThe\u205f\u200a amendments\u205f\u200aare\u205f\u200a effective\u205f\u200a for\u205f\u200aannual\u205f\u200a
\nreporting\u205f\u200a periods\u205f\u200a beginning\u205f\u200a on\u205f\u200a or\u205f\u200a after\u205f\u200a 1\u205f\u200a January\u205f\u200a
\n2024\u205f\u200aand\u205f\u200amust\u205f\u200aapplied\u205f\u200a retrospectively\u205f\u200a to\u205f\u200asale\u205f\u200aand\u205f\u200a
\nleaseback\u205f\u200atransactions\u205f\u200aentered\u205f\u200ainto\u205f\u200aafter\u205f\u200athe\u205f\u200adate\u205f\u200a
\nof initial application of IFRS
\nG
\n\u205f\u200a16.\u205f\u200aEarlier\u205f\u200aapplication\u205f\u200a
\nis\u205f\u200apermitted\u205f\u200aand\u205f\u200athat\u205f\u200afact\u205f\u200amust\u205f\u200abe\u205f\u200adisclosed.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\nNew IFRS
\nG
\n standards, amendments and interpretations
\nnot yet endorsed by the European Union:
\nThe\u205f\u200aGroup\u205f\u200adoes\u205f\u200anot\u205f\u200aexpect\u205f\u200athe\u205f\u200aadoption\u205f\u200aof\u205f\u200athe\u205f\u200astandards\u205f\u200a
\nand\u205f\u200aamendments\u205f\u200adescribed\u205f\u200a below\u205f\u200a to\u205f\u200a have\u205f\u200a a\u205f\u200amaterial\u205f\u200a
\nimpact\u205f\u200a on\u205f\u200a its\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a statements,\u205f\u200a nor\u205f\u200a
\ndoes\u205f\u200ait\u205f\u200aanticipate\u205f\u200athe\u205f\u200aearly\u205f\u200aadoption\u205f\u200aof\u205f\u200anew\u205f\u200aaccounting\u205f\u200a
\nstandards,\u205f\u200aamendments\u205f\u200aand\u205f\u200ainterpretations.
\n-\u205f\u200a On\u205f\u200a 25\u205f\u200a May\u205f\u200a 2023,\u205f\u200a the\u205f\u200a IASB\u205f\u200a issued\u205f\u200a amendments\u205f\u200a to\u205f\u200a
\nIAS
\nG
\n\u205f\u200a7\u205f\u200aand\u205f\u200aIFRS
\nG
\n\u205f\u200a7\u205f\u200a\u201cSupplier\u205f\u200aFinance\u205f\u200aArrangements\u201d:\u205f\u200a
\nthe\u205f\u200a amendments\u205f\u200a clarify\u205f\u200a the\u205f\u200a characteristics\u205f\u200a of\u205f\u200a
\nan\u205f\u200a arrangement\u205f\u200a for\u205f\u200a which\u205f\u200a an\u205f\u200a entity\u205f\u200a is\u205f\u200a required\u205f\u200a
\nto\u205f\u200a provide\u205f\u200a the\u205f\u200a information.\u205f\u200a They\u205f\u200a also\u205f\u200a require\u205f\u200a
\nentities\u205f\u200a to\u205f\u200a disclose\u205f\u200a information\u205f\u200a that\u205f\u200a allows\u205f\u200a users\u205f\u200a
\nto\u205f\u200aassess\u205f\u200ahow\u205f\u200asupplier\u205f\u200afinance\u205f\u200aarrangements\u205f\u200aaffect\u205f\u200a
\nan\u205f\u200a entity\u2019s\u205f\u200a liabilities,\u205f\u200a cash\u205f\u200a flows\u205f\u200a and\u205f\u200a exposure\u205f\u200a to\u205f\u200a
\nliquidity\u205f\u200arisk.\u205f\u200aSuch\u205f\u200ainformation\u205f\u200amay\u205f\u200aconsist\u205f\u200aof\u205f\u200athe\u205f\u200a
\nterms\u205f\u200aand\u205f\u200aconditions\u205f\u200aof\u205f\u200athese\u205f\u200aarrangements\u205f\u200aand\u205f\u200athe\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200asupplier\u205f\u200afinance\u205f\u200aarrangement\u205f\u200a
\nfinancial\u205f\u200aliabilities.\u205f\u200aThe\u205f\u200aamendments\u205f\u200awill\u205f\u200abe\u205f\u200aapplied\u205f\u200a
\nto\u205f\u200a annual\u205f\u200a reporting\u205f\u200a periods\u205f\u200a beginning\u205f\u200a on\u205f\u200a or\u205f\u200a after\u205f\u200a
\n1\u205f\u200aJanuary\u205f\u200a2024,\u205f\u200awith\u205f\u200aearly\u205f\u200aadoption\u205f\u200apermitted.
\n-\u205f\u200a On\u205f\u200a 25\u205f\u200a August\u205f\u200a 2023,\u205f\u200a the\u205f\u200a IASB\u205f\u200a issued\u205f\u200a amendments\u205f\u200a
\nto IAS
\nG
\n\u205f\u200a 21\u205f\u200a \u201cLack\u205f\u200a of\u205f\u200a Exchangeability\u201d.\u205f\u200a The\u205f\u200a
\namendments\u205f\u200a clarify\u205f\u200a how\u205f\u200a an\u205f\u200a entity\u205f\u200a should\u205f\u200a assess\u205f\u200a
\nwhether\u205f\u200a a\u205f\u200a currency\u205f\u200a is\u205f\u200a exchangeable,\u205f\u200a and\u205f\u200a how\u205f\u200a
\nit\u205f\u200a should\u205f\u200a determine\u205f\u200a a\u205f\u200a spot\u205f\u200a exchange\u205f\u200a rate\u205f\u200a when\u205f\u200a
\nexchangeability is lacking. They also explain how an
\nentity\u205f\u200ashould\u205f\u200aspecify\u205f\u200ainformation\u205f\u200adisclosures\u205f\u200aso\u205f\u200athat\u205f\u200a
\nthey\u205f\u200ahelp\u205f\u200ausers\u205f\u200aof\u205f\u200afinancial\u205f\u200astatements\u205f\u200aunderstand\u205f\u200a
\nthe impact of a currency that is not exchangeable.
\nThe\u205f\u200a amendments\u205f\u200a will\u205f\u200a be\u205f\u200a applied\u205f\u200a prospectively\u205f\u200a
\nto\u205f\u200a annual\u205f\u200a reporting\u205f\u200a periods\u205f\u200a beginning\u205f\u200a on\u205f\u200a or\u205f\u200a after\u205f\u200a
\n1\u205f\u200aJanuary\u205f\u200a2025,\u205f\u200awith\u205f\u200aearly\u205f\u200aadoption\u205f\u200apermitted.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.3. Presentation of the consolidated financial
\nstatements
\nThe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200a statements\u205f\u200a are\u205f\u200a presented\u205f\u200a
\nin\u205f\u200aeuros\u205f\u200a(EUR\u205f\u200aor\u205f\u200a\u20ac).
\nThey\u205f\u200aare\u205f\u200a prepared\u205f\u200a based\u205f\u200a on\u205f\u200a historical\u205f\u200acost\u205f\u200a with\u205f\u200athe\u205f\u200a
\nexception\u205f\u200aof\u205f\u200athe\u205f\u200afollowing\u205f\u200aassets:
\n-\u205f\u200a Biological\u205f\u200a assets\u205f\u200a (current)\u205f\u200a (IAS
\nG
\n 2, IAS
\nG
\n\u205f\u200a 41),\u205f\u200a
\nsecurities\u205f\u200a measured\u205f\u200a at\u205f\u200a fair\u205f\u200a value\u205f\u200a through\u205f\u200a other\u205f\u200a
\ncomprehensive income
\nG
\n,\u205f\u200aall\u205f\u200aof\u205f\u200awhich\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nat\u205f\u200afair\u205f\u200avalue;
\n-\u205f\u200a Property,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200aacquired\u205f\u200aas\u205f\u200apart\u205f\u200aof\u205f\u200aa\u205f\u200a
\nbusiness\u205f\u200acombination\u205f\u200a(IFRS
\nG
\n\u205f\u200a3),\u205f\u200awhich\u205f\u200aare\u205f\u200ameasured\u205f\u200a
\ninitially\u205f\u200aat\u205f\u200atheir\u205f\u200afair\u205f\u200avalue\u205f\u200aat\u205f\u200athe\u205f\u200adate\u205f\u200aof\u205f\u200aacquisition.
\nThe\u205f\u200aaccounting\u205f\u200aprinciples\u205f\u200aand\u205f\u200arules\u205f\u200aare\u205f\u200aapplied\u205f\u200a in\u205f\u200a a\u205f\u200a
\nconsistent\u205f\u200aand\u205f\u200apermanent\u205f\u200away\u205f\u200awithin\u205f\u200athe\u205f\u200aGroup.\u205f\u200aThe\u205f\u200a
\nconsolidated\u205f\u200a financial\u205f\u200a statements\u205f\u200a are\u205f\u200a prepared\u205f\u200a for\u205f\u200a
\nthe\u205f\u200a accounting\u205f\u200a year\u205f\u200a ending\u205f\u200a on\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a
\nand\u205f\u200aare\u205f\u200apresented\u205f\u200abefore\u205f\u200athe\u205f\u200aAnnual\u205f\u200aGeneral\u205f\u200aMeeting\u205f\u200a
\nof\u205f\u200a shareholders\u205f\u200a that\u205f\u200a approves\u205f\u200a the\u205f\u200a allocation\u205f\u200a of\u205f\u200a the\u205f\u200a
\nparent\u205f\u200acompany\u2019s\u205f\u200aincome.
\nAs\u205f\u200aof\u205f\u200a1\u205f\u200aJanuary\u205f\u200a2023,\u205f\u200athe\u205f\u200aGroup\u205f\u200aadopted\u205f\u200athe\u205f\u200afollowing\u205f\u200a
\namendments\u205f\u200a without\u205f\u200a any\u205f\u200a material\u205f\u200a impact\u205f\u200a on\u205f\u200a the\u205f\u200a
\nGroup\u2019s\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements:
\no IFRS
\nG
\n\u205f\u200a17\u205f\u200a\u201cInsurance\u205f\u200aContracts\u201d\u205f\u200aand\u205f\u200aits\u205f\u200aamendments:
\nestablishes principles for the recognition,
\nmeasurement\u205f\u200a and\u205f\u200a presentation\u205f\u200a of\u205f\u200a insurance\u205f\u200a
\ncontracts.\u205f\u200a Under\u205f\u200a IFRS
\nG
\n 17, insurance performance
\nshould\u205f\u200abe\u205f\u200ameasured\u205f\u200aat\u205f\u200aits\u205f\u200acurrent\u205f\u200aexecution\u205f\u200avalue\u205f\u200a
\nand\u205f\u200a provide\u205f\u200a a\u205f\u200a more\u205f\u200a consistent\u205f\u200a measurement\u205f\u200a and\u205f\u200a
\npresentation\u205f\u200a method\u205f\u200a for\u205f\u200a all\u205f\u200a types\u205f\u200a of\u205f\u200a insurance\u205f\u200a
\ncontracts. IFRS
\nG
\n 17 replaces IFRS
\nG
\n\u205f\u200a 4\u205f\u200a \u201cInsurance\u205f\u200a
\ncontracts\u201d\u205f\u200aand\u205f\u200aits\u205f\u200ainterpretations.
\no Amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 12\u205f\u200a \u201cDeferred\u205f\u200a Tax\u205f\u200a related
\nto\u205f\u200a Assets\u205f\u200a and\u205f\u200a Liabilities\u205f\u200a arising\u205f\u200a from\u205f\u200a a\u205f\u200a Single\u205f\u200a
\nTransaction\u201d:\u205f\u200a the\u205f\u200a amendments\u205f\u200a narrowed\u205f\u200a the\u205f\u200a
\nscope of the recognition exemption in paragraphs
\n15\u205f\u200a and\u205f\u200a 24\u205f\u200a of\u205f\u200a IAS
\nG
\n\u205f\u200a 12\u205f\u200a (recognition\u205f\u200a exemption)\u205f\u200a so\u205f\u200a
\nthat it no longer applies to transactions that, on
\ninitial\u205f\u200a recognition,\u205f\u200a give\u205f\u200a rise\u205f\u200a to\u205f\u200a equal\u205f\u200a taxable\u205f\u200a and\u205f\u200a
\ndeductible\u205f\u200atemporary\u205f\u200adifferences.
\no Amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 8\u205f\u200a Definition\u205f\u200a of\u205f\u200a Accounting
\nEstimates:\u205f\u200a the\u205f\u200a amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n 8 clarify
\nthe\u205f\u200a distinction\u205f\u200a between\u205f\u200a changes\u205f\u200a in\u205f\u200a accounting\u205f\u200a
\nestimates,\u205f\u200a changes\u205f\u200ain\u205f\u200a accounting\u205f\u200a policies\u205f\u200a and\u205f\u200a the\u205f\u200a
\ncorrection of errors. They also clarify how entities
\nuse\u205f\u200ameasurement\u205f\u200atechniques\u205f\u200aand\u205f\u200ainputs\u205f\u200ato\u205f\u200adevelop\u205f\u200a
\naccounting estimates.
\no Amendments\u205f\u200a to\u205f\u200a Amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 1\u205f\u200a and\u205f\u200a IFRS
\nG
\nPractice\u205f\u200a Statement\u205f\u200a 2\u205f\u200a \u205f\u200a Disclosure\u205f\u200a of\u205f\u200a Accounting\u205f\u200a
\nPolicies:\u205f\u200a the\u205f\u200a amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 1\u205f\u200a and\u205f\u200a IFRS
\nG
\n
\nPractice\u205f\u200aStatement\u205f\u200a2\u205f\u200aMaking\u205f\u200aMateriality\u205f\u200aJudgements\u205f\u200a
\nprovide\u205f\u200a guidance\u205f\u200a and\u205f\u200a examples\u205f\u200a to\u205f\u200a help\u205f\u200a entities\u205f\u200a
\napply\u205f\u200amateriality\u205f\u200ajudgements\u205f\u200ato\u205f\u200aaccounting\u205f\u200apolicy\u205f\u200a
\ndisclosures.\u205f\u200aThe\u205f\u200a amendments\u205f\u200aaim\u205f\u200a to\u205f\u200ahelp\u205f\u200a entities\u205f\u200a
\nprovide\u205f\u200aaccounting\u205f\u200apolicy\u205f\u200adisclosures\u205f\u200athat\u205f\u200aare\u205f\u200amore\u205f\u200a
\nuseful\u205f\u200aby\u205f\u200areplacing\u205f\u200athe\u205f\u200arequirement\u205f\u200afor\u205f\u200aentities\u205f\u200ato\u205f\u200a
\ndisclose\u205f\u200atheir\u205f\u200a\u2018significant\u2019\u205f\u200aaccounting\u205f\u200apolicies\u205f\u200awith\u205f\u200aa\u205f\u200a
\nrequirement\u205f\u200ato\u205f\u200adisclose\u205f\u200atheir\u205f\u200a\u2018material\u2019\u205f\u200aaccounting\u205f\u200a
\npolicies\u205f\u200aand\u205f\u200aadding\u205f\u200aguidance\u205f\u200aon\u205f\u200ahow\u205f\u200aentities\u205f\u200aapply\u205f\u200a
\nthe\u205f\u200a concept\u205f\u200a of\u205f\u200a materiality\u205f\u200a in\u205f\u200a making\u205f\u200a decisions\u205f\u200a
\nabout\u205f\u200aaccounting\u205f\u200apolicy\u205f\u200adisclosures.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\no Amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 12\u205f\u200a \u201cInternational\u205f\u200aTax\u205f\u200a Reform
\n\u2013\u205f\u200aPilar\u205f\u200aTwo\u205f\u200aModel\u205f\u200aRules\u201d:\u205f\u200aon\u205f\u200a23\u205f\u200aMay\u205f\u200a2023,\u205f\u200athe\u205f\u200aIASB\u205f\u200a
\nissued\u205f\u200aamendments\u205f\u200ato\u205f\u200aIAS
\nG
\n\u205f\u200a12\u205f\u200ain\u205f\u200aorder\u205f\u200a to\u205f\u200a respond\u205f\u200a
\nto concerns about the potential implications of
\nthe\u205f\u200aOECD\u205f\u200aPillar\u205f\u200aTwo\u205f\u200amodel\u205f\u200arules.\u205f\u200aThe\u205f\u200aamendments\u205f\u200a
\nintroduce,\u205f\u200ain\u205f\u200aIAS
\nG
\n\u205f\u200a12,\u205f\u200aa\u205f\u200amandatory\u205f\u200aexception\u205f\u200afrom\u205f\u200a
\nrecognising\u205f\u200a and\u205f\u200a disclosing\u205f\u200adeferred\u205f\u200a tax\u205f\u200aassets\u205f\u200a and\u205f\u200a
\nliabilities\u205f\u200arelated\u205f\u200ato\u205f\u200aPillar\u205f\u200aTwo\u205f\u200aincome\u205f\u200ataxes\u205f\u200aon\u205f\u200athe\u205f\u200a
\none\u205f\u200ahand,\u205f\u200aand\u205f\u200adisclosure\u205f\u200arequirements\u205f\u200aon\u205f\u200athe\u205f\u200aother.\u205f\u200a
\nThe\u205f\u200alatter\u205f\u200aare\u205f\u200aintended\u205f\u200afor\u205f\u200aaffected\u205f\u200aentities\u205f\u200ato\u205f\u200ahelp\u205f\u200a
\nusers\u205f\u200a of\u205f\u200a the\u205f\u200a financial\u205f\u200a statements\u205f\u200a have\u205f\u200a a\u205f\u200a better\u205f\u200a
\nunderstanding\u205f\u200aof\u205f\u200athe\u205f\u200aexposure\u205f\u200ato\u205f\u200aPillar\u205f\u200aTwo\u205f\u200aincome\u205f\u200a
\ntaxes that arise from that legislation, in particular
\nbefore\u205f\u200aits\u205f\u200aeffective\u205f\u200adate.\u205f\u200aThe\u205f\u200aconsequences\u205f\u200aof\u205f\u200athis\u205f\u200a
\namendment\u205f\u200aare\u205f\u200afurther\u205f\u200adisclosed\u205f\u200ain\u205f\u200aNote\u205f\u200a13.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n\n
\n
\n
\n
\n1.4. Consolidation principles
\nThe\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a statements\u205f\u200a include\u205f\u200a the\u205f\u200a
\nfinancial\u205f\u200astatements\u205f\u200aof\u205f\u200athe\u205f\u200aparent\u205f\u200acompany\u205f\u200aSocfinasia\u205f\u200a
\nas\u205f\u200awell\u205f\u200aas\u205f\u200athose\u205f\u200a of\u205f\u200a the\u205f\u200a companies\u205f\u200a controlled\u205f\u200a by\u205f\u200athe\u205f\u200a
\nparent\u205f\u200a (\"subsidiaries\")\u205f\u200a and\u205f\u200a those\u205f\u200a of\u205f\u200a the\u205f\u200a companies\u205f\u200a
\nin\u205f\u200a which\u205f\u200a Socfinasia\u205f\u200a exercises\u205f\u200a significant\u205f\u200a influence\u205f\u200a
\n(\"associates\"),\u205f\u200aall\u205f\u200aof\u205f\u200awhich\u205f\u200aconstitute\u205f\u200athe\u205f\u200a\u201cGroup\u201d.
\nAll\u205f\u200acompanies\u205f\u200aincluded\u205f\u200ain\u205f\u200athe\u205f\u200ascope\u205f\u200aof\u205f\u200aconsolidation\u205f\u200a
\nas\u205f\u200a of\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023\u205f\u200a close\u205f\u200a their\u205f\u200a accounts\u205f\u200a on\u205f\u200a
\n31\u205f\u200aDecember.
\n\na) Subsidiaries
\nIn\u205f\u200aaccordance\u205f\u200awith\u205f\u200aIFRS
\nG
\n 10, an investor has control
\nwhen\u205f\u200ait\u205f\u200afulfills\u205f\u200athree\u205f\u200aconditions:
\n1)\u205f\u200ait\u205f\u200aholds\u205f\u200apower\u205f\u200aover\u205f\u200athe\u205f\u200aentity;
\n2)\u205f\u200a\u205f\u200ait\u205f\u200a is\u205f\u200a entitled\u205f\u200a to\u205f\u200a or\u205f\u200a is\u205f\u200aexposed\u205f\u200a to\u205f\u200a variable\u205f\u200a returns\u205f\u200a
\nfrom\u205f\u200aits\u205f\u200ainvolvement;
\n3)\u205f\u200a\u205f\u200ait\u205f\u200ahas\u205f\u200athe\u205f\u200aability\u205f\u200ato\u205f\u200ause\u205f\u200aits\u205f\u200apower\u205f\u200aover\u205f\u200athe\u205f\u200aentity\u205f\u200ato\u205f\u200a
\naffect\u205f\u200areturns.
\nCurrently,\u205f\u200athe\u205f\u200aGroup\u205f\u200aholds\u205f\u200athe\u205f\u200amajority\u205f\u200aof\u205f\u200athe\u205f\u200avoting\u205f\u200a
\nrights in the entities.
\nIncome\u205f\u200a and\u205f\u200a expenses\u205f\u200a from\u205f\u200a subsidiaries\u205f\u200a acquired\u205f\u200a or\u205f\u200a
\nsold\u205f\u200aduring\u205f\u200athe\u205f\u200ayear\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200athe\u205f\u200aconsolidated\u205f\u200a
\nincome\u205f\u200a statement,\u205f\u200a respectively,\u205f\u200a from\u205f\u200a the\u205f\u200a date\u205f\u200a of\u205f\u200a
\nacquisition\u205f\u200ato\u205f\u200athe\u205f\u200adate\u205f\u200aof\u205f\u200adisposal.
\nProfit\u205f\u200aor\u205f\u200aloss\u205f\u200aand\u205f\u200acomponents\u205f\u200aof\u205f\u200aother\u205f\u200acomprehensive\u205f\u200a
\nincome
\nG
\n\u205f\u200a are\u205f\u200a attributed\u205f\u200a to\u205f\u200a the\u205f\u200a equity\u205f\u200a holders\u205f\u200a of\u205f\u200a
\nthe\u205f\u200a parent\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200a and\u205f\u200a to\u205f\u200a the\u205f\u200a non-controlling\u205f\u200a
\ninterests
\nG
\n, even if this results in the non-controlling
\ninterests
\nG
\n\u205f\u200ahaving\u205f\u200aa\u205f\u200adeficit\u205f\u200abalance.
\nWhere\u205f\u200a appropriate,\u205f\u200a restatements\u205f\u200a are\u205f\u200a made\u205f\u200a to\u205f\u200a the\u205f\u200a
\nfinancial\u205f\u200a statements\u205f\u200a of\u205f\u200a the\u205f\u200a subsidiaries\u205f\u200a to\u205f\u200a align\u205f\u200a the\u205f\u200a
\naccounting\u205f\u200aprinciples\u205f\u200aused\u205f\u200awith\u205f\u200athose\u205f\u200aof\u205f\u200athe\u205f\u200aGroup.
\nAll\u205f\u200a intra-group\u205f\u200a balances\u205f\u200a and\u205f\u200a transactions\u205f\u200a are\u205f\u200a
\neliminated\u205f\u200aupon\u205f\u200aconsolidation.
\nIf\u205f\u200a the\u205f\u200a Group\u205f\u200a loses\u205f\u200a control\u205f\u200a over\u205f\u200a a\u205f\u200a subsidiary,\u205f\u200a it\u205f\u200a
\nderecognises\u205f\u200athe\u205f\u200arelated\u205f\u200aassets\u205f\u200a (including\u205f\u200a goodwill),\u205f\u200a
\nliabilities, non-controlling interest
\nG
\n\u205f\u200a and\u205f\u200a other\u205f\u200a
\ncomponents\u205f\u200a of\u205f\u200a equity.\u205f\u200a Any\u205f\u200a residual\u205f\u200a gain\u205f\u200a or\u205f\u200a loss\u205f\u200a is\u205f\u200a
\nrecognised\u205f\u200a in\u205f\u200a profit\u205f\u200a or\u205f\u200a loss,\u205f\u200a while\u205f\u200a any\u205f\u200a investment\u205f\u200a
\nretained\u205f\u200ais\u205f\u200arecognised\u205f\u200aat\u205f\u200afair\u205f\u200avalue.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
\n
\n
\n\n
\n\n
\n\nb) Investments in associates and joint ventures
\nAn associate is a company over which the Group
\nexercises\u205f\u200asignificant\u205f\u200ainfluence\u205f\u200athrough\u205f\u200aits\u205f\u200aparticipation\u205f\u200ain\u205f\u200a
\nthe\u205f\u200afinancial\u205f\u200aand\u205f\u200aoperational\u205f\u200adecisions\u205f\u200aof\u205f\u200athis\u205f\u200acompany,\u205f\u200a
\nbut\u205f\u200aover\u205f\u200awhich\u205f\u200ait\u205f\u200ahas\u205f\u200ano\u205f\u200acontrol.\u205f\u200aSignificant\u205f\u200ainfluence\u205f\u200ais\u205f\u200a
\npresumed\u205f\u200a when\u205f\u200a the\u205f\u200a Group\u205f\u200a holds,\u205f\u200adirectly\u205f\u200a or\u205f\u200a indirectly\u205f\u200a
\nthrough\u205f\u200aits\u205f\u200asubsidiaries,\u205f\u200abetween\u205f\u200a20%\u205f\u200aand\u205f\u200a50%\u205f\u200aof\u205f\u200athe\u205f\u200avoting\u205f\u200a
\nrights. A joint venture is a joint arrangement whereby the
\nparties that have joint control of the arrangement have
\nrights to the net assets of the arrangement. Joint control
\nis\u205f\u200a the\u205f\u200a contractually\u205f\u200a agreed\u205f\u200a sharing\u205f\u200a of\u205f\u200a control\u205f\u200a of\u205f\u200a an\u205f\u200a
\narrangement\u205f\u200a (i.e.\u205f\u200a decisions\u205f\u200a require\u205f\u200a unanimous\u205f\u200aconsent\u205f\u200a
\nof\u205f\u200athe\u205f\u200aparties\u205f\u200asharing\u205f\u200acontrol).
\nAssociates\u205f\u200a and\u205f\u200a joint\u205f\u200a ventures\u205f\u200a are\u205f\u200aaccounted\u205f\u200a for\u205f\u200ausing\u205f\u200a
\nthe\u205f\u200a equity\u205f\u200a method.\u205f\u200a Under\u205f\u200a this\u205f\u200a method,\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\ninterest\u205f\u200a in\u205f\u200a the\u205f\u200a associate\u205f\u200a and\u205f\u200a joint\u205f\u200a venture\u205f\u200a is\u205f\u200a initially\u205f\u200a
\nrecognised\u205f\u200aat\u205f\u200acost\u205f\u200ain\u205f\u200athe\u205f\u200astatement\u205f\u200aof\u205f\u200afinancial\u205f\u200aposition\u205f\u200a
\nand\u205f\u200a subsequently\u205f\u200a adjusted\u205f\u200a to\u205f\u200a recognise\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200a of\u205f\u200a movements\u205f\u200a in\u205f\u200a profit\u205f\u200a and\u205f\u200a loss\u205f\u200a and\u205f\u200a other\u205f\u200a
\ncomprehensive income
\nG
\n.
\nThe\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a statement\u205f\u200a reflects\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200ain\u205f\u200athe\u205f\u200aresults\u205f\u200aof\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u2019s\u205f\u200a
\noperations. Any change in other comprehensive income
\nG
\n
\nof\u205f\u200athose\u205f\u200ainvestees\u205f\u200ais\u205f\u200apresented\u205f\u200aas\u205f\u200a part\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nother comprehensive income
\nG
\n.\u205f\u200a Unrealised\u205f\u200a gains\u205f\u200a and\u205f\u200a
\nlosses resulting from transactions between the Group
\nand\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u205f\u200aare\u205f\u200aeliminated\u205f\u200ato\u205f\u200athe\u205f\u200a
\nextent of the interest in the associate or joint venture.
\nInvestments\u205f\u200ain\u205f\u200aassociates\u205f\u200aand\u205f\u200ajoint\u205f\u200aventures\u205f\u200aare\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200athe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements\u205f\u200ausing\u205f\u200athe\u205f\u200aequity\u205f\u200a
\nmethod\u205f\u200a from\u205f\u200a the\u205f\u200a date\u205f\u200a on\u205f\u200a which\u205f\u200a significant\u205f\u200a influence\u205f\u200a
\nbegins\u205f\u200a until\u205f\u200a the\u205f\u200a date\u205f\u200a when\u205f\u200a this\u205f\u200a influence\u205f\u200a ceases.\u205f\u200a The\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200aof\u205f\u200apositive\u205f\u200agoodwill\u205f\u200athat\u205f\u200aresults\u205f\u200afrom\u205f\u200athe\u205f\u200a
\nacquisition\u205f\u200aof\u205f\u200aassociates\u205f\u200a and\u205f\u200ajoint\u205f\u200aventures\u205f\u200ais\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200a the\u205f\u200a carrying\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a investment\u205f\u200a and\u205f\u200a is\u205f\u200a not\u205f\u200a
\ntested\u205f\u200a for\u205f\u200a impairment\u205f\u200a separately.\u205f\u200a An\u205f\u200a impairment\u205f\u200a test\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
\n
\n
\n\n
\n\n
\n\n
\n
\n\nis\u205f\u200a performed\u205f\u200a if\u205f\u200a an\u205f\u200a objective\u205f\u200a indication\u205f\u200a of\u205f\u200a impairment\u205f\u200a
\nis\u205f\u200aidentified.\u205f\u200a Impairment\u205f\u200ais\u205f\u200arecognised,\u205f\u200a if\u205f\u200anecessary,\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200aunder\u205f\u200athe\u205f\u200aheading\u205f\u200a\u201cShare\u205f\u200aof\u205f\u200athe\u205f\u200a
\nGroup in the result from associates\u201d.
\nThe\u205f\u200a list\u205f\u200a of\u205f\u200a subsidiaries\u205f\u200a and\u205f\u200a associated\u205f\u200a companies\u205f\u200a
\n(including\u205f\u200ajoint\u205f\u200a ventures)\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200ais\u205f\u200a presented\u205f\u200ain\u205f\u200a
\nnote 2.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.5. Changes in accounting policies, errors and
\nchanges in estimates
\nA change in accounting policy is applicable only
\nif\u205f\u200a it\u205f\u200a meets\u205f\u200a the\u205f\u200a requirements\u205f\u200a of\u205f\u200a a\u205f\u200a standard\u205f\u200a or\u205f\u200a an\u205f\u200a
\ninterpretation\u205f\u200a or\u205f\u200a allows\u205f\u200a more\u205f\u200a reliable\u205f\u200a and\u205f\u200a relevant\u205f\u200a
\ninformation. Changes in accounting policies are
\naccounted\u205f\u200a for\u205f\u200a retrospectively,\u205f\u200a except\u205f\u200a in\u205f\u200a the\u205f\u200a case\u205f\u200a
\nof\u205f\u200a transitional\u205f\u200a provisions\u205f\u200a specific\u205f\u200a to\u205f\u200a the\u205f\u200a standard\u205f\u200a or\u205f\u200a
\ninterpretation.\u205f\u200aA\u205f\u200amaterial\u205f\u200a error,\u205f\u200a when\u205f\u200a discovered,\u205f\u200a is\u205f\u200a
\nalso\u205f\u200aadjusted\u205f\u200aretrospectively.
\nUncertainties\u205f\u200ainherent\u205f\u200ato\u205f\u200athe\u205f\u200aactivity\u205f\u200arequire\u205f\u200athe\u205f\u200ause\u205f\u200a
\nof\u205f\u200a estimates\u205f\u200a when\u205f\u200a preparing\u205f\u200a financial\u205f\u200a statements.\u205f\u200a
\nThe\u205f\u200aestimates\u205f\u200aare\u205f\u200abased\u205f\u200aon\u205f\u200ajudgements\u205f\u200aintended\u205f\u200ato\u205f\u200a
\ngive a reasonable assessment of the latest reliable
\ninformation\u205f\u200aavailable.\u205f\u200aAn\u205f\u200aestimate\u205f\u200ais\u205f\u200arevised\u205f\u200ato\u205f\u200areflect\u205f\u200a
\nchanges in circumstances, new information available
\nand\u205f\u200athe\u205f\u200aeffects\u205f\u200aof\u205f\u200aexperience.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\n1.6. Business combinations
\nIFRS
\nG
\n\u205f\u200a3\u205f\u200a\u201cBusiness\u205f\u200aCombinations\u201d\u205f\u200aprovides\u205f\u200athe\u205f\u200aaccounting\u205f\u200a
\nbasis\u205f\u200afor\u205f\u200arecognising\u205f\u200abusiness\u205f\u200acombinations\u205f\u200aand\u205f\u200achanges\u205f\u200a
\nin\u205f\u200ainterests\u205f\u200ain\u205f\u200asubsidiaries\u205f\u200aafter\u205f\u200aobtaining\u205f\u200acontrol.
\nFor each business combination, the Group elects
\nwhether to measure the non-controlling interests
\nG
\nin\u205f\u200athe\u205f\u200aacquiree\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200aor\u205f\u200aat\u205f\u200athe\u205f\u200aproportionate\u205f\u200a
\nshare\u205f\u200aof\u205f\u200athe\u205f\u200aacquiree\u2019s\u205f\u200aidentifiable\u205f\u200anet\u205f\u200aassets.
\nChanges\u205f\u200a in\u205f\u200a interest\u205f\u200a in\u205f\u200a a\u205f\u200a subsidiary\u205f\u200a that\u205f\u200a do\u205f\u200a not\u205f\u200a
\nresult\u205f\u200a in\u205f\u200a loss\u205f\u200aof\u205f\u200acontrol\u205f\u200a are\u205f\u200a accounted\u205f\u200afor\u205f\u200a as\u205f\u200a equity\u205f\u200a
\ntransactions.
\n
\n\n\n\n\n\n\n\n\n\n\n
\n\n1.7. Goodwill
\nGoodwill\u205f\u200a is\u205f\u200a the\u205f\u200a difference\u205f\u200a on\u205f\u200a the\u205f\u200a date\u205f\u200a of\u205f\u200a acquisition\u205f\u200a
\nbetween\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a the\u205f\u200a consideration\u205f\u200a given\u205f\u200a
\nin exchange for taking control, the value of non-
\ncontrolling interests
\nG
\n,\u205f\u200athe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aprevious\u205f\u200aequity\u205f\u200a
\ninvestments\u205f\u200a and\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a identifiable\u205f\u200a assets\u205f\u200a
\nand\u205f\u200aliabilities\u205f\u200aand\u205f\u200acontingent\u205f\u200aliabilities\u205f\u200aof\u205f\u200athe\u205f\u200aacquiree.
\nWhen\u205f\u200adisposing\u205f\u200aof\u205f\u200aa\u205f\u200asubsidiary,\u205f\u200athe\u205f\u200aresidual\u205f\u200aamount\u205f\u200aof\u205f\u200a
\ngoodwill\u205f\u200a attributable\u205f\u200a to\u205f\u200athe\u205f\u200a subsidiary\u205f\u200ais\u205f\u200a included\u205f\u200a in\u205f\u200a
\nthe\u205f\u200acalculation\u205f\u200aof\u205f\u200athe\u205f\u200adisposal\u2019s\u205f\u200aresult.
\n
\n
\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n1.8. Gain on a bargain purchase
\nGain on a bargain purchase represents the excess of
\nthe\u205f\u200a Group\u2019s\u205f\u200a interest\u205f\u200ain\u205f\u200a t\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\ne\u205f\u200a fair\u205f\u200avalue\u205f\u200a of\u205f\u200a identifiable\u205f\u200a
\nassets\u205f\u200aand\u205f\u200aliabilities,\u205f\u200aand\u205f\u200athe\u205f\u200acontingent\u205f\u200aliabilities\u205f\u200aof\u205f\u200a
\na\u205f\u200asubsidiary\u205f\u200aor\u205f\u200aassociate\u205f\u200aon\u205f\u200athe\u205f\u200acost\u205f\u200aof\u205f\u200aacquisition\u205f\u200aon\u205f\u200a
\nthe\u205f\u200aacquisition\u205f\u200adate.
\nInsofar as gain on a bargain purchase remains after
\nconsidering\u205f\u200aand\u205f\u200areassessing\u205f\u200athe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aidentifiable\u205f\u200a
\nassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200aas\u205f\u200awell\u205f\u200aas\u205f\u200aof\u205f\u200acontingent\u205f\u200aliabilities\u205f\u200a
\nof\u205f\u200aa\u205f\u200asubsidiary\u205f\u200aor\u205f\u200aassociate,\u205f\u200ait\u205f\u200ais\u205f\u200arecognised\u205f\u200adirectly\u205f\u200aas\u205f\u200a
\nan income in the income statement.
\n\n1.9. Foreign currency conversion
\nIn\u205f\u200a the\u205f\u200a financial\u205f\u200a statements\u205f\u200a of\u205f\u200a Socfinasia\u205f\u200a and\u205f\u200a of\u205f\u200a
\neach\u205f\u200a subsidiary,\u205f\u200atransactions\u205f\u200a in\u205f\u200a foreign\u205f\u200acurrency\u205f\u200aare\u205f\u200a
\nrecorded,\u205f\u200a upon\u205f\u200a initial\u205f\u200a recognition,\u205f\u200a in\u205f\u200athe\u205f\u200a functional\u205f\u200a
\ncurrency\u205f\u200a of\u205f\u200a the\u205f\u200a company\u205f\u200a concerned.\u205f\u200a The\u205f\u200a exchange\u205f\u200a
\nrate\u205f\u200a in\u205f\u200a force\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a the\u205f\u200a transaction\u205f\u200a date.\u205f\u200a At\u205f\u200a
\nclosing,\u205f\u200amonetary\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200adenominated\u205f\u200ain\u205f\u200a
\nforeign\u205f\u200acurrencies\u205f\u200aare\u205f\u200aconverted\u205f\u200aon\u205f\u200athe\u205f\u200alast\u205f\u200aday\u205f\u200aof\u205f\u200athe\u205f\u200a
\nyear.\u205f\u200aGains\u205f\u200aand\u205f\u200alosses\u205f\u200aarising\u205f\u200afrom\u205f\u200athe\u205f\u200arealisation\u205f\u200aor\u205f\u200a
\ntranslation\u205f\u200aof\u205f\u200amonetary\u205f\u200aitems\u205f\u200adenominated\u205f\u200ain\u205f\u200aforeign\u205f\u200a
\ncurrencies\u205f\u200aare\u205f\u200arecorded\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200astatement\u205f\u200afor\u205f\u200a
\nthe year.
\nOn\u205f\u200aconsolidation,\u205f\u200athe\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200aof\u205f\u200acompanies\u205f\u200a
\nwhose\u205f\u200aaccounts\u205f\u200aare\u205f\u200aheld\u205f\u200ain\u205f\u200aa\u205f\u200acurrency\u205f\u200aother\u205f\u200athan\u205f\u200athe\u205f\u200a
\neuro\u205f\u200a are\u205f\u200a translated\u205f\u200ainto\u205f\u200a euros\u205f\u200a at\u205f\u200athe\u205f\u200a exchange\u205f\u200a rate\u205f\u200a
\nprevailing\u205f\u200aon\u205f\u200athe\u205f\u200aclosing\u205f\u200adate.\u205f\u200aIncome\u205f\u200aand\u205f\u200aexpenses\u205f\u200a
\nare\u205f\u200aconverted\u205f\u200ainto\u205f\u200aeuros\u205f\u200aat\u205f\u200athe\u205f\u200aaverage\u205f\u200aexchange\u205f\u200arate\u205f\u200a
\nfor\u205f\u200athe\u205f\u200ayear.\u205f\u200aAny\u205f\u200aexchange\u205f\u200adifferences\u205f\u200aare\u205f\u200aclassified\u205f\u200aas\u205f\u200a
\nequity\u205f\u200a under\u205f\u200a \u201cTranslation\u205f\u200a differences\u201d.\u205f\u200aIn\u205f\u200a the\u205f\u200aevent\u205f\u200a
\nof\u205f\u200a a\u205f\u200a disposal,\u205f\u200a the\u205f\u200a translation\u205f\u200a differences\u205f\u200a relating\u205f\u200ato\u205f\u200a
\nthe\u205f\u200acompany\u205f\u200aconcerned\u205f\u200aare\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200a
\nstatement\u205f\u200afor\u205f\u200athe\u205f\u200ayear\u205f\u200ain\u205f\u200awhich\u205f\u200athe\u205f\u200asale\u205f\u200aoccurred.
\nGoodwill\u205f\u200a and\u205f\u200a fair\u205f\u200a value\u205f\u200a adjustments\u205f\u200a arising\u205f\u200a on\u205f\u200a the\u205f\u200a
\nacquisition\u205f\u200a of\u205f\u200a a\u205f\u200a foreign\u205f\u200a entity\u205f\u200a are\u205f\u200a treated\u205f\u200a as\u205f\u200a assets\u205f\u200a
\nand\u205f\u200aliabilities\u205f\u200aof\u205f\u200athe\u205f\u200aforeign\u205f\u200aentity\u205f\u200aand\u205f\u200atranslated\u205f\u200aat\u205f\u200a
\nthe closing rate.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPag
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n\nThe\u205f\u200afollowing\u205f\u200aexchange\u205f\u200arates\u205f\u200ahave\u205f\u200abeen\u205f\u200aused\u205f\u200afor\u205f\u200athe\u205f\u200aconversion\u205f\u200aof\u205f\u200athe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements:
\nClosing rate Average Rate
\n1 euro equals to: 31/12/2023 31/12/2022 2023 2022
\nEuro 1.000 1.000 1.000 1.000
\nIndonesian\u205f\u200arupiah 17,140 16,713 16,471 15,648
\nAmerican\u205f\u200adollar 1.1050 1.0666 1.0826 1.0479
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
\n
\n
\n
\n
\n\n
\n\n
\n\n1.10. Intangible assets
\nIntangible\u205f\u200aassets\u205f\u200a are\u205f\u200a stated\u205f\u200a at\u205f\u200atheir\u205f\u200aacquisition\u205f\u200acost\u205f\u200a
\nless\u205f\u200a accumulated\u205f\u200a depreciation\u205f\u200a and\u205f\u200a any\u205f\u200a impairment\u205f\u200a
\nlosses.
\nAmortisation\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a a\u205f\u200a straight-line\u205f\u200a basis\u205f\u200a
\nbased\u205f\u200aon\u205f\u200a an\u205f\u200a estimate\u205f\u200aof\u205f\u200a the\u205f\u200auseful\u205f\u200alife\u205f\u200aof\u205f\u200a the\u205f\u200a asset\u205f\u200a
\nin\u205f\u200a question.\u205f\u200a Intangible\u205f\u200a assets\u205f\u200a are\u205f\u200a not\u205f\u200a subject\u205f\u200a to\u205f\u200a
\nrevaluation.\u205f\u200aWhen\u205f\u200athe\u205f\u200arecoverable\u205f\u200avalue\u205f\u200aof\u205f\u200aan\u205f\u200aasset\u205f\u200a
\nis\u205f\u200alower\u205f\u200athan\u205f\u200aits\u205f\u200abook\u205f\u200avalue,\u205f\u200athe\u205f\u200alatter\u205f\u200ais\u205f\u200areduced\u205f\u200ato\u205f\u200a
\nreflect\u205f\u200athis\u205f\u200aloss\u205f\u200ain\u205f\u200avalue.
\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:
\nPatents 3 to 5 years
\nOther intangible assets 3 to 5 years
\nSoftware 3 to 5 years
\nConcessions
\nG
\nLength of the concessions
\nG
\nAmortisation\u205f\u200a starts\u205f\u200a from\u205f\u200athe\u205f\u200a date\u205f\u200a when\u205f\u200athe\u205f\u200a asset\u205f\u200a is\u205f\u200a
\navailable to use.
\nGains\u205f\u200a or\u205f\u200a losses\u205f\u200a arising\u205f\u200a from\u205f\u200a derecognition\u205f\u200a of\u205f\u200a assets\u205f\u200a
\n(i.e.\u205f\u200a the\u205f\u200a difference\u205f\u200a between\u205f\u200a the\u205f\u200a disposal\u205f\u200a proceeds\u205f\u200a
\nand\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset)\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200awhen\u205f\u200aassets\u205f\u200aare\u205f\u200aderecognised.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n1.11. Property, plant and equipment
\nTangible\u205f\u200afixed\u205f\u200aassets\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200atheir\u205f\u200aacquisition\u205f\u200a
\ncost\u205f\u200a less\u205f\u200a accumulated\u205f\u200a amortisation\u205f\u200a and\u205f\u200a any\u205f\u200a
\nimpairment losses.
\nProperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200ain\u205f\u200aprogress\u205f\u200ais\u205f\u200acarried\u205f\u200aat\u205f\u200a
\ncost\u205f\u200aless\u205f\u200aany\u205f\u200aidentified\u205f\u200aimpairment.
\nDepreciation\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a a\u205f\u200a straight-line\u205f\u200a basis,\u205f\u200a
\naccording\u205f\u200a to\u205f\u200a an\u205f\u200aestimate\u205f\u200a of\u205f\u200a the\u205f\u200auseful\u205f\u200a life\u205f\u200a for\u205f\u200aeach\u205f\u200a
\nsignificant\u205f\u200acomponent\u205f\u200aof\u205f\u200athe\u205f\u200aasset\u205f\u200ain\u205f\u200aquestion.\u205f\u200aWhen\u205f\u200a
\nthe recoverable value of an asset is lower than its
\nbook\u205f\u200avalue,\u205f\u200athe\u205f\u200alatter\u205f\u200ais\u205f\u200areduced\u205f\u200ato\u205f\u200areflect\u205f\u200athis\u205f\u200a loss\u205f\u200a
\nin value.
\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:
\nBuildings 20 to 50 years
\nTechnical installations 3 to 20 years
\nFurniture,\u205f\u200avehicles\u205f\u200aand\u205f\u200aothers 3 to 20 years
\nDepreciation\u205f\u200astarts\u205f\u200afrom\u205f\u200athe\u205f\u200adate\u205f\u200athat\u205f\u200athe\u205f\u200aassets\u205f\u200aare\u205f\u200a
\navailable to use.
\nLand\u205f\u200ais\u205f\u200anot\u205f\u200asubject\u205f\u200ato\u205f\u200adepreciation.
\nGains\u205f\u200aor\u205f\u200alosses\u205f\u200aarising\u205f\u200afrom\u205f\u200athe\u205f\u200aderecognition\u205f\u200aof\u205f\u200aassets\u205f\u200a
\n(i.e.\u205f\u200a the\u205f\u200a difference\u205f\u200a between\u205f\u200a the\u205f\u200a disposal\u205f\u200a proceeds\u205f\u200a
\nand\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset)\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200awhen\u205f\u200aassets\u205f\u200aare\u205f\u200aderecognised.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n1.12. Bearer biological assets
\nThe Group has biological assets in South-East Asia.
\nThese biological assets, mainly consisting of palm
\noil\u205f\u200a and\u205f\u200a rubber\u205f\u200a plantations,\u205f\u200a are\u205f\u200a valued\u205f\u200a according\u205f\u200a to\u205f\u200a
\nthe\u205f\u200aprinciples\u205f\u200adefined\u205f\u200ain\u205f\u200aIAS
\nG
\n\u205f\u200a16\u205f\u200a\u201cProperty,\u205f\u200aplant\u205f\u200aand\u205f\u200a
\nequipment\".
\nBiological assets at the time of harvest, in particular
\nfor\u205f\u200apalm\u205f\u200abunches,\u205f\u200apalm\u205f\u200aoil\u205f\u200aand\u205f\u200arubber,\u205f\u200aare\u205f\u200aevaluated\u205f\u200a
\naccording\u205f\u200a to\u205f\u200a the\u205f\u200a principles\u205f\u200a defined\u205f\u200a by\u205f\u200a IAS
\nG
\n 41
\n\u201cAgriculture\".
\nBearer biological assets
\nProducer\u205f\u200abiological\u205f\u200aassets\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200aacquisition\u205f\u200a
\ncost,\u205f\u200a less\u205f\u200a accumulated\u205f\u200a amortisation\u205f\u200a and\u205f\u200a any\u205f\u200a
\nimpairment losses.
\nDepreciation\u205f\u200ais\u205f\u200aapplied\u205f\u200aaccording\u205f\u200ato\u205f\u200athe\u205f\u200astraight-line\u205f\u200a
\nmethod\u205f\u200abased\u205f\u200aon\u205f\u200aan\u205f\u200aestimate\u205f\u200aof\u205f\u200athe\u205f\u200auseful\u205f\u200alife.\u205f\u200aWhen\u205f\u200a
\nthe recoverable amount of an asset is less than its
\ncarrying\u205f\u200a amount,\u205f\u200a the\u205f\u200acarrying\u205f\u200a amount\u205f\u200ais\u205f\u200a reduced\u205f\u200a to\u205f\u200a
\nreflect\u205f\u200athat\u205f\u200aimpairment.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n\n
\n\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:\u205f\u200a
\nBearer\u205f\u200aplants\u205f\u200a\u2013\u205f\u200aPalm 20 to 25 years
\nBearer\u205f\u200aplants\u205f\u200a\u2013\u205f\u200aRubber 20 to 25 years
\nThe\u205f\u200adepreciation\u205f\u200astarting\u205f\u200adate\u205f\u200ais\u205f\u200athe\u205f\u200adate\u205f\u200aof\u205f\u200atransfer\u205f\u200a
\nof\u205f\u200abiological\u205f\u200aassets\u205f\u200ain\u205f\u200aproduction\u205f\u200a(asset\u205f\u200abeing\u205f\u200amature).\u205f\u200a
\nThis\u205f\u200atransfer\u205f\u200atakes\u205f\u200aplace\u205f\u200ain\u205f\u200athe\u205f\u200athird\u205f\u200ayear\u205f\u200aafter\u205f\u200apalm\u205f\u200a
\noil\u205f\u200atree\u205f\u200aplanting\u205f\u200aand\u205f\u200ain\u205f\u200athe\u205f\u200aseventh\u205f\u200ayear\u205f\u200aafter\u205f\u200arubber\u205f\u200a
\ntree\u205f\u200aplanting.\u205f\u200aFor\u205f\u200aeach\u205f\u200aentity,\u205f\u200athe\u205f\u200aoperating\u205f\u200aperiod\u205f\u200acan\u205f\u200a
\nbe\u205f\u200aadapted\u205f\u200aaccording\u205f\u200ato\u205f\u200athe\u205f\u200aparticular\u205f\u200acircumstances.
\nAgricultural production
\nAgricultural\u205f\u200a production\u205f\u200a at\u205f\u200a harvest\u205f\u200a is\u205f\u200a valued\u205f\u200a at\u205f\u200a fair\u205f\u200a
\nvalue\u205f\u200aless\u205f\u200athe\u205f\u200a estimated\u205f\u200a costs\u205f\u200a necessary\u205f\u200ato\u205f\u200a complete\u205f\u200a
\nthe sale.
\nThere\u205f\u200aare\u205f\u200ano\u205f\u200aobservable\u205f\u200adata\u205f\u200afor\u205f\u200aagricultural\u205f\u200aproduction\u205f\u200a
\n(palm\u205f\u200aharvest,\u205f\u200alatex).\u205f\u200aThe\u205f\u200aWorld\u205f\u200aBank\u205f\u200apublishes\u205f\u200aprice\u205f\u200a
\nforecasts\u205f\u200a for\u205f\u200a dry\u205f\u200a rubber
\nG
\n\u205f\u200a (finished\u205f\u200a product).\u205f\u200a These\u205f\u200a
\nforecasts\u205f\u200aare\u205f\u200abased\u205f\u200aon\u205f\u200athe\u205f\u200aRSS3
\nG
\n\u205f\u200agrade\u205f\u200a(smoked\u205f\u200asheet
\nG
\n)\u205f\u200a
\nthat\u205f\u200a is\u205f\u200a not\u205f\u200a produced\u205f\u200a by\u205f\u200a the\u205f\u200a Group.\u205f\u200a Lastly,\u205f\u200a and\u205f\u200a even\u205f\u200a
\nmore\u205f\u200a so,\u205f\u200a there\u205f\u200a are\u205f\u200a no\u205f\u200a observable\u205f\u200a prospective\u205f\u200a data\u205f\u200a
\nrelating\u205f\u200a to\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a agricultural\u205f\u200a production.\u205f\u200a The\u205f\u200a
\nprice\u205f\u200aof\u205f\u200aa\u205f\u200a standard\u205f\u200a product\u205f\u200a in\u205f\u200a a\u205f\u200aglobal\u205f\u200a market\u205f\u200a is\u205f\u200anot\u205f\u200a
\nsufficiently\u205f\u200a representative\u205f\u200a of\u205f\u200a the\u205f\u200a economic\u205f\u200a reality\u205f\u200a
\nin which the various entities of the Group intervene.
\nThis\u205f\u200a price\u205f\u200a can\u205f\u200a hence\u205f\u200a not\u205f\u200a be\u205f\u200a used\u205f\u200a as\u205f\u200a a\u205f\u200a reference\u205f\u200a for\u205f\u200a
\nvaluation.
\nAs\u205f\u200a a\u205f\u200aresult,\u205f\u200a each\u205f\u200a entity\u205f\u200a determines\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a
\nagricultural\u205f\u200aproduction\u205f\u200abased\u205f\u200aon\u205f\u200aactual\u205f\u200amarket\u205f\u200aprices\u205f\u200a
\nobtained\u205f\u200aover\u205f\u200athe\u205f\u200apast\u205f\u200ayear.
\nThe\u205f\u200a Group\u205f\u200a considers\u205f\u200a produce\u205f\u200a that\u205f\u200a grows\u205f\u200a on\u205f\u200a mature\u205f\u200a
\nplantations\u205f\u200a (oil\u205f\u200a in\u205f\u200a the\u205f\u200a palm\u205f\u200a fruits\u205f\u200a and\u205f\u200a produce\u205f\u200a of\u205f\u200a
\nrubber)\u205f\u200a as\u205f\u200a biological\u205f\u200a assets,\u205f\u200a in\u205f\u200a accordance\u205f\u200a with\u205f\u200a IAS
\nG
\n
\n41\u205f\u200a principles.\u205f\u200aThis\u205f\u200a produce\u205f\u200a is\u205f\u200a measured\u205f\u200a at\u205f\u200a fair\u205f\u200avalue\u205f\u200a
\nuntil the point of harvest. Any resultant gains or losses
\narising\u205f\u200afrom\u205f\u200achanges\u205f\u200ain\u205f\u200afair\u205f\u200avalue\u205f\u200aare\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200a
\nincome statement.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.13. Leases
\nThe Group assesses at contract inception whether
\na contract is, or contains, a lease. That is, if the
\ncontract conveys the right to control the use of an
\nidentified\u205f\u200aasset\u205f\u200afor\u205f\u200aa\u205f\u200aperiod\u205f\u200aof\u205f\u200a time\u205f\u200ain\u205f\u200aexchange\u205f\u200afor\u205f\u200a
\nconsideration.
\nThe\u205f\u200a Group\u205f\u200a applies\u205f\u200a a\u205f\u200a single\u205f\u200a recognition\u205f\u200a and\u205f\u200a
\nmeasurement approach for all leases, except for short-
\nterm\u205f\u200a leases\u205f\u200a and\u205f\u200a leases\u205f\u200a of\u205f\u200a low-value\u205f\u200a assets\u205f\u200a (mainly\u205f\u200a
\nIT\u205f\u200a equipment),\u205f\u200a for\u205f\u200a which\u205f\u200a payments\u205f\u200a associated\u205f\u200a are\u205f\u200a
\nrecognised\u205f\u200a as\u205f\u200a an\u205f\u200a expense\u205f\u200a in\u205f\u200a the\u205f\u200a income\u205f\u200a statement.\u205f\u200a
\nThe Group recognises lease liabilities to make lease
\npayments\u205f\u200a and\u205f\u200a right-of-use\u205f\u200a assets\u205f\u200a representing\u205f\u200a the\u205f\u200a
\nright\u205f\u200ato\u205f\u200ause\u205f\u200athe\u205f\u200aunderlying\u205f\u200aassets.
\nThe\u205f\u200a Group\u205f\u200a leases\u205f\u200a offices\u205f\u200a and\u205f\u200a agricultural\u205f\u200a land\u205f\u200a for\u205f\u200a
\nterms ranging from 1 to 99 years, as well as vehicles
\nand\u205f\u200a equipment\u205f\u200a for\u205f\u200a terms\u205f\u200a ranging\u205f\u200a from\u205f\u200a 1\u205f\u200a month\u205f\u200a to\u205f\u200a
\n5 years.
\nThe\u205f\u200a Group\u2019s\u205f\u200a lease\u205f\u200a contracts\u205f\u200a are\u205f\u200a standard\u205f\u200a contracts\u205f\u200a
\nthat\u205f\u200ado\u205f\u200anot\u205f\u200ainclude\u205f\u200aadditional\u205f\u200anon-leasing\u205f\u200acomponents,\u205f\u200a
\nexcept\u205f\u200afor\u205f\u200asome\u205f\u200avehicle\u205f\u200alease\u205f\u200acontracts\u205f\u200athat\u205f\u200ainclude\u205f\u200a
\na\u205f\u200a maintenance\u205f\u200a service.\u205f\u200a The\u205f\u200a Group\u205f\u200a has\u205f\u200a used\u205f\u200a the\u205f\u200a
\npractical\u205f\u200aexpedient\u205f\u200athat\u205f\u200aallows\u205f\u200athe\u205f\u200anon-segregation\u205f\u200aof\u205f\u200a
\nthe lease component from the non-lease component
\nfor these contracts.
\nAssets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a related\u205f\u200a to\u205f\u200a lease\u205f\u200a contracts\u205f\u200a are\u205f\u200a
\ninitially\u205f\u200a measured\u205f\u200a at\u205f\u200a the\u205f\u200a present\u205f\u200a value\u205f\u200a of\u205f\u200a the\u205f\u200a fixed\u205f\u200a
\npayments,\u205f\u200aincluding\u205f\u200ain-substance\u205f\u200afixed\u205f\u200apayments\u205f\u200aless\u205f\u200a
\nany lease incentives receivable. Lease payments to
\nbe\u205f\u200amade\u205f\u200aunder\u205f\u200areasonably\u205f\u200acertain\u205f\u200aextension\u205f\u200a options\u205f\u200a
\nare\u205f\u200aalso\u205f\u200aincluded\u205f\u200ain\u205f\u200athe\u205f\u200ameasurement\u205f\u200aof\u205f\u200athe\u205f\u200aliability.\u205f\u200a
\nTo\u205f\u200a this\u205f\u200a purpose,\u205f\u200a the\u205f\u200a management\u205f\u200a considers\u205f\u200a all\u205f\u200a facts\u205f\u200a
\nand\u205f\u200a circumstances\u205f\u200a that\u205f\u200a may\u205f\u200a create\u205f\u200a an\u205f\u200a incentive\u205f\u200a to\u205f\u200a
\nexercise a renewal option or not to exercise an early
\ntermination\u205f\u200aoption.\u205f\u200aThe\u205f\u200alease\u205f\u200aliability\u205f\u200ais\u205f\u200aremeasured\u205f\u200a
\nif there is a change in the lease term, in the lease
\npayment or in the assessment of an option to purchase
\nthe\u205f\u200aunderlying\u205f\u200aasset.
\nAs the implicit interest rate is unknown for all the
\nGroup\u2019s\u205f\u200acontracts,\u205f\u200athe\u205f\u200aincremental\u205f\u200aborrowing\u205f\u200arate\u205f\u200awas\u205f\u200a
\nused\u205f\u200ato\u205f\u200adiscount\u205f\u200athe\u205f\u200alease\u205f\u200apayments.\u205f\u200aThe\u205f\u200aincremental\u205f\u200a
\nborrowing\u205f\u200arate\u205f\u200ais\u205f\u200athe\u205f\u200arate\u205f\u200athat\u205f\u200athe\u205f\u200alessee\u205f\u200awould\u205f\u200ahave\u205f\u200a
\nto\u205f\u200apay\u205f\u200ato\u205f\u200aborrow,\u205f\u200afor\u205f\u200aa\u205f\u200asimilar\u205f\u200aterm\u205f\u200aand\u205f\u200awith\u205f\u200aa\u205f\u200asimilar\u205f\u200a
\nguarantee,\u205f\u200a the\u205f\u200a funds\u205f\u200a necessary\u205f\u200a to\u205f\u200a acquire\u205f\u200a an\u205f\u200a asset\u205f\u200a
\nwhose\u205f\u200avalue\u205f\u200ais\u205f\u200asimilar\u205f\u200ato\u205f\u200athe\u205f\u200aasset\u205f\u200aunder\u205f\u200athe\u205f\u200aright-of-
\nuse in a similar economic environment.
\nIn\u205f\u200a determining\u205f\u200a the\u205f\u200a incremental\u205f\u200a borrowing\u205f\u200a rate,\u205f\u200a the\u205f\u200a
\nGroup:
\n-\u205f\u200a where\u205f\u200a possible,\u205f\u200a uses\u205f\u200a the\u205f\u200a most\u205f\u200a recent\u205f\u200a financing\u205f\u200a
\nreceived\u205f\u200a by\u205f\u200a the\u205f\u200a lessee\u205f\u200a as\u205f\u200a a\u205f\u200a starting\u205f\u200a point,\u205f\u200a which\u205f\u200a
\nwas\u205f\u200a adjusted\u205f\u200a to\u205f\u200a reflect\u205f\u200a the\u205f\u200a change\u205f\u200a in\u205f\u200a financing\u205f\u200a
\nconditions\u205f\u200asince\u205f\u200athe\u205f\u200afinancing\u205f\u200awas\u205f\u200areceived;
\n-\u205f\u200a uses\u205f\u200a a\u205f\u200a build-up\u205f\u200a approach\u205f\u200a starting\u205f\u200a with\u205f\u200a a\u205f\u200a risk-free\u205f\u200a
\nrate\u205f\u200awhich\u205f\u200awas\u205f\u200aadjusted\u205f\u200afor\u205f\u200acredit\u205f\u200arisk\u205f\u200afor\u205f\u200aleases\u205f\u200afor\u205f\u200a
\nentities\u205f\u200awith\u205f\u200ano\u205f\u200arecent\u205f\u200aexternal\u205f\u200afinancing;
\n-\u205f\u200a makes\u205f\u200a lease\u205f\u200a specific\u205f\u200a adjustments\u205f\u200a (such\u205f\u200a as\u205f\u200a term,\u205f\u200a
\ncountry,\u205f\u200acurrency\u205f\u200aand\u205f\u200acollateral).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
\n
\n
\n\nThe\u205f\u200adiscount\u205f\u200arates\u205f\u200aused\u205f\u200aby\u205f\u200athe\u205f\u200aGroup\u205f\u200arange\u205f\u200abetween\u205f\u200a
\n1.75%\u205f\u200aand\u205f\u200a14.1%.
\nLease\u205f\u200apayments\u205f\u200aare\u205f\u200aallocated\u205f\u200abetween\u205f\u200athe\u205f\u200arepayment\u205f\u200a
\nof\u205f\u200a the\u205f\u200a principal\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a lease\u205f\u200a liabilities\u205f\u200a and\u205f\u200a
\ninterest\u205f\u200a expense.\u205f\u200a Interest\u205f\u200a expense\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a
\nthe\u205f\u200a income\u205f\u200a statement\u205f\u200a for\u205f\u200a the\u205f\u200a period\u205f\u200a over\u205f\u200a the\u205f\u200a term\u205f\u200a
\nof\u205f\u200athe\u205f\u200alease.\u205f\u200aRight-of-use\u205f\u200aassets\u205f\u200aare\u205f\u200adepreciated\u205f\u200aon\u205f\u200aa\u205f\u200a
\nstraight-line\u205f\u200abasis\u205f\u200aover\u205f\u200athe\u205f\u200ashortest\u205f\u200aof\u205f\u200auseful\u205f\u200alife\u205f\u200aand\u205f\u200a
\nlease term.
\nThe Group applies IAS
\nG
\n\u205f\u200a 36\u205f\u200a to\u205f\u200a determine\u205f\u200a whether\u205f\u200a a\u205f\u200a
\nright-of-use\u205f\u200a asset\u205f\u200a is\u205f\u200a impaired\u205f\u200a and\u205f\u200a recognises\u205f\u200a any\u205f\u200a
\nimpairment\u205f\u200a loss\u205f\u200aas\u205f\u200adescribed\u205f\u200a in\u205f\u200a Note\u205f\u200a 8:\u205f\u200a Impairment\u205f\u200a
\nof assets.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.14. Impairment of assets
\nGoodwill\u205f\u200ais\u205f\u200anot\u205f\u200aamortised,\u205f\u200abut\u205f\u200ais\u205f\u200atested\u205f\u200afor\u205f\u200aimpairment\u205f\u200a
\nat\u205f\u200a least\u205f\u200a once\u205f\u200a a\u205f\u200a year,\u205f\u200a and\u205f\u200a whenever\u205f\u200a there\u205f\u200a is\u205f\u200a an\u205f\u200a
\nindication\u205f\u200aof\u205f\u200aimpairment.
\nIn\u205f\u200aaddition,\u205f\u200aat\u205f\u200aeach\u205f\u200areporting\u205f\u200adate,\u205f\u200athe\u205f\u200aGroup\u205f\u200areviews\u205f\u200a
\nthe\u205f\u200a carrying\u205f\u200a amounts\u205f\u200a of\u205f\u200a its\u205f\u200a intangible\u205f\u200a and\u205f\u200a tangible\u205f\u200a
\nassets,\u205f\u200aincluding\u205f\u200aits\u205f\u200aorganic\u205f\u200aproducing\u205f\u200aassets,\u205f\u200ain\u205f\u200aorder\u205f\u200a
\nto\u205f\u200aassess\u205f\u200awhether\u205f\u200athere\u205f\u200ais\u205f\u200aany\u205f\u200aindication\u205f\u200athat\u205f\u200aits\u205f\u200aassets\u205f\u200a
\nmay\u205f\u200a have\u205f\u200a lost\u205f\u200a value.\u205f\u200a If\u205f\u200a there\u205f\u200a is\u205f\u200a such\u205f\u200a an\u205f\u200a indication,\u205f\u200a
\nthe\u205f\u200arecoverable\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset\u205f\u200a is\u205f\u200aestimated\u205f\u200ato\u205f\u200a
\ndetermine,\u205f\u200a if\u205f\u200a applicable,\u205f\u200a the\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a loss\u205f\u200a or\u205f\u200a
\nimpairment. The recoverable amount is the highest of
\nthe\u205f\u200afair\u205f\u200avalue\u205f\u200aless\u205f\u200athe\u205f\u200acosts\u205f\u200ato\u205f\u200asell\u205f\u200athe\u205f\u200aasset\u205f\u200aand\u205f\u200athe\u205f\u200a
\nvalue in use.
\nThe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aproperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200aand\u205f\u200a
\nintangible\u205f\u200a assets\u205f\u200a is\u205f\u200a the\u205f\u200a present\u205f\u200a value\u205f\u200a of\u205f\u200a estimated\u205f\u200a
\nfuture\u205f\u200acash\u205f\u200aflows\u205f\u200aexpected\u205f\u200afrom\u205f\u200athe\u205f\u200a use\u205f\u200aof\u205f\u200aan\u205f\u200aasset\u205f\u200a
\nor\u205f\u200a cash-generating\u205f\u200a unit.\u205f\u200a When\u205f\u200a it\u205f\u200a is\u205f\u200a not\u205f\u200a possible\u205f\u200a to\u205f\u200a
\nestimate\u205f\u200athe\u205f\u200arecoverable\u205f\u200aamount\u205f\u200aof\u205f\u200aan\u205f\u200aisolated\u205f\u200aasset,\u205f\u200a
\nthe\u205f\u200aGroup\u205f\u200adetermines\u205f\u200athe\u205f\u200arecoverable\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200a
\ncash-generating unit to which the asset belongs.
\nIf\u205f\u200a the\u205f\u200a recoverable\u205f\u200a amount\u205f\u200a of\u205f\u200a an\u205f\u200a asset\u205f\u200a (or\u205f\u200a a\u205f\u200a cash-
\ngenerating\u205f\u200a unit)\u205f\u200a is\u205f\u200a estimated\u205f\u200a to\u205f\u200a be\u205f\u200a less\u205f\u200a than\u205f\u200a its\u205f\u200a
\ncarrying amount, the carrying amount of the asset
\n(cash-generating\u205f\u200a unit)\u205f\u200a is\u205f\u200a reduced\u205f\u200a to\u205f\u200a its\u205f\u200a recoverable\u205f\u200a
\namount.\u205f\u200a Impairment\u205f\u200a losses\u205f\u200a are\u205f\u200a immediately\u205f\u200a
\nrecognised\u205f\u200aas\u205f\u200aexpenses\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200astatement.
\nWhen\u205f\u200aan\u205f\u200aimpairment\u205f\u200a loss\u205f\u200a which\u205f\u200a was\u205f\u200arecognised\u205f\u200ain\u205f\u200aa\u205f\u200a
\nprior\u205f\u200aperiod\u205f\u200a no\u205f\u200alonger\u205f\u200a exists\u205f\u200aor\u205f\u200a needs\u205f\u200a to\u205f\u200a be\u205f\u200a written\u205f\u200a
\ndown,\u205f\u200a the\u205f\u200a carrying\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a asset\u205f\u200a (cash-
\ngenerating\u205f\u200a unit)\u205f\u200a is\u205f\u200a increased\u205f\u200a to\u205f\u200a the\u205f\u200a extent\u205f\u200a of\u205f\u200a the\u205f\u200a
\nrevised\u205f\u200aestimate\u205f\u200aof\u205f\u200aits\u205f\u200arecoverable\u205f\u200aamount.\u205f\u200aHowever,\u205f\u200a
\nthis\u205f\u200a increased\u205f\u200a carrying\u205f\u200a amount\u205f\u200a may\u205f\u200a not\u205f\u200a exceed\u205f\u200a the\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200athat\u205f\u200awould\u205f\u200ahave\u205f\u200abeen\u205f\u200adetermined\u205f\u200aif\u205f\u200a
\nno\u205f\u200aimpairment\u205f\u200aloss\u205f\u200ahad\u205f\u200abeen\u205f\u200arecognised\u205f\u200afor\u205f\u200athe\u205f\u200aasset\u205f\u200a
\n(cash-generating\u205f\u200a unit)\u205f\u200a in\u205f\u200a prior\u205f\u200a years.\u205f\u200a The\u205f\u200a reversal\u205f\u200a
\nof\u205f\u200a an\u205f\u200a impairment\u205f\u200a loss\u205f\u200a is\u205f\u200a recognised\u205f\u200a immediately\u205f\u200a in\u205f\u200a
\nincome in the income statement.
\nIt\u205f\u200ais\u205f\u200anot\u205f\u200apossible\u205f\u200ato\u205f\u200asubsequently\u205f\u200areverse\u205f\u200aan\u205f\u200aimpairment\u205f\u200a
\nloss\u205f\u200arecorded\u205f\u200aon\u205f\u200agoodwill.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.15. Inventories
\nInventories\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200athe\u205f\u200alower\u205f\u200aof\u205f\u200acost\u205f\u200aand\u205f\u200anet\u205f\u200a
\nrealisable\u205f\u200a value.\u205f\u200a Cost\u205f\u200a includes\u205f\u200a direct\u205f\u200a material\u205f\u200a costs\u205f\u200a
\nand,\u205f\u200a if\u205f\u200a applicable,\u205f\u200a direct\u205f\u200a labour\u205f\u200a costs\u205f\u200a and\u205f\u200a directly\u205f\u200a
\nattributable\u205f\u200aoverhead\u205f\u200acosts.
\nWhere\u205f\u200aspecific\u205f\u200aidentification\u205f\u200ais\u205f\u200anot\u205f\u200apossible,\u205f\u200athe\u205f\u200acost\u205f\u200a
\nis\u205f\u200a determined\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a weighted\u205f\u200a average\u205f\u200a cost\u205f\u200a
\nmethod.\u205f\u200aNet\u205f\u200arealisable\u205f\u200avalue\u205f\u200ais\u205f\u200athe\u205f\u200aestimated\u205f\u200aselling\u205f\u200a
\nprice\u205f\u200ain\u205f\u200athe\u205f\u200aordinary\u205f\u200acourse\u205f\u200aof\u205f\u200abusiness\u205f\u200aless\u205f\u200aestimated\u205f\u200a
\ncosts\u205f\u200aof\u205f\u200acompletion\u205f\u200aand\u205f\u200athe\u205f\u200aestimated\u205f\u200acosts\u205f\u200anecessary\u205f\u200a
\nto\u205f\u200acomplete\u205f\u200athe\u205f\u200asale\u205f\u200a(primarily\u205f\u200aselling\u205f\u200aexpenses).
\nImpairment or loss on inventory to net realisable value
\nis\u205f\u200arecognised\u205f\u200aas\u205f\u200aan\u205f\u200aexpense\u205f\u200ain\u205f\u200athe\u205f\u200aperiod\u205f\u200ain\u205f\u200awhich\u205f\u200athe\u205f\u200a
\nimpairment\u205f\u200aor\u205f\u200aloss\u205f\u200aoccurred.
\nAs\u205f\u200a explained\u205f\u200a in\u205f\u200a Note\u205f\u200a 1.12.\u205f\u200a Bearer\u205f\u200a biological\u205f\u200a assets,\u205f\u200a
\nagricultural\u205f\u200aproduction\u205f\u200ais\u205f\u200ameasured\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200aless\u205f\u200a
\nestimated\u205f\u200acosts\u205f\u200anecessary\u205f\u200ato\u205f\u200amake\u205f\u200athe\u205f\u200asale.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.16. Trade receivables
\nTrade\u205f\u200areceivables\u205f\u200aare\u205f\u200avalued\u205f\u200aat\u205f\u200atheir\u205f\u200anominal\u205f\u200avalue\u205f\u200aand\u205f\u200a
\ndo\u205f\u200anot\u205f\u200abear\u205f\u200ainterest.\u205f\u200aThe\u205f\u200aGroup\u205f\u200aapplies\u205f\u200a a\u205f\u200a simplified\u205f\u200a
\napproach and records a provision for expected losses
\nover the life of the receivables. This provision for
\nlosses\u205f\u200ais\u205f\u200aan\u205f\u200aamount\u205f\u200athat\u205f\u200athe\u205f\u200aGroup\u205f\u200aconsiders\u205f\u200aa\u205f\u200areliable\u205f\u200a
\nestimate of the inability of its customers to make the
\nrequired\u205f\u200apayments\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a34).
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\napproach\u205f\u200aand\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nrecords\u205f\u200aa\u205f\u200aprovision\u205f\u200afor\u205f\u200aexpected\u205f\u200alosses\u205f\u200a
\n\n1.17. Cash and cash equivalents
\nCash\u205f\u200a and\u205f\u200a cash\u205f\u200a equivalents\u205f\u200a include\u205f\u200a cash,\u205f\u200a demand\u205f\u200a
\ndeposits,\u205f\u200ashort-term\u205f\u200adeposits\u205f\u200a of\u205f\u200a less\u205f\u200a than\u205f\u200a3\u205f\u200amonths,\u205f\u200a
\nas well as investments that are subject to a negligible
\nrisk\u205f\u200aof\u205f\u200achange\u205f\u200ain\u205f\u200avalue\u205f\u200aand\u205f\u200aare\u205f\u200aeasily\u205f\u200aconvertible\u205f\u200ainto\u205f\u200a
\na known amount of cash, having a maturity of three
\nmonths or less.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n
\n\n
\n\n
\n
\n1.18. Financial instruments
\nFinancial\u205f\u200a assets\u205f\u200aand\u205f\u200a liabilities\u205f\u200a are\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nconsolidated\u205f\u200a statement\u205f\u200a of\u205f\u200a the\u205f\u200a financial\u205f\u200a position\u205f\u200a
\nwhen the Group becomes a party to the contractual
\nprovisions of the instrument.
\n\nLoans
\nThe\u205f\u200a Group\u2019s\u205f\u200a business\u205f\u200a model\u205f\u200a for\u205f\u200a financial\u205f\u200a assets\u205f\u200a
\nmanagement\u205f\u200a describes\u205f\u200a the\u205f\u200a way\u205f\u200a it\u205f\u200a manages\u205f\u200a its\u205f\u200a
\nfinancial\u205f\u200aassets\u205f\u200ain\u205f\u200a order\u205f\u200ato\u205f\u200agenerate\u205f\u200acash\u205f\u200aflows.\u205f\u200aThe\u205f\u200a
\nbusiness\u205f\u200a model\u205f\u200a determines\u205f\u200a whether\u205f\u200a cash\u205f\u200a flows\u205f\u200a will\u205f\u200a
\nresult\u205f\u200afrom\u205f\u200athe\u205f\u200acollection\u205f\u200aof\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows,\u205f\u200a
\nfrom\u205f\u200athe\u205f\u200adisposal\u205f\u200aof\u205f\u200afinancial\u205f\u200aassets,\u205f\u200aor\u205f\u200aboth.\u205f\u200aFinancial\u205f\u200a
\nassets\u205f\u200aclassified\u205f\u200aand\u205f\u200ameasured\u205f\u200aat\u205f\u200aamortised\u205f\u200acost\u205f\u200aare\u205f\u200a
\nheld\u205f\u200ain\u205f\u200aa\u205f\u200abusiness\u205f\u200amodel\u205f\u200awith\u205f\u200athe\u205f\u200aaim\u205f\u200ato\u205f\u200ahold\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200aand\u205f\u200acollect\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows.\u205f\u200aLong-term\u205f\u200a
\nadvances\u205f\u200aand\u205f\u200aother\u205f\u200areceivables\u205f\u200aare\u205f\u200aheld\u205f\u200afor\u205f\u200athe\u205f\u200asole\u205f\u200a
\npurpose\u205f\u200aof\u205f\u200acollecting\u205f\u200aprincipal\u205f\u200aand\u205f\u200ainterest.\u205f\u200aAs\u205f\u200asuch,\u205f\u200a
\nthey\u205f\u200a comply\u205f\u200a with\u205f\u200a the\u205f\u200a \u201cSolely\u205f\u200a Payments\u205f\u200a of\u205f\u200a Principal\u205f\u200a
\nand\u205f\u200aInterest\u201d\u205f\u200a(SPPI
\nG
\n)\u205f\u200amodel.\u205f\u200aThey\u205f\u200aare\u205f\u200aaccounted\u205f\u200afor\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aamortised\u205f\u200acost\u205f\u200amethod.
\nLoans\u205f\u200abearing\u205f\u200ainterest\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200a
\nof\u205f\u200a the\u205f\u200a amounts\u205f\u200a given,\u205f\u200a less\u205f\u200a direct\u205f\u200a costs\u205f\u200a of\u205f\u200a issue.\u205f\u200a
\nFinancial\u205f\u200aincome\u205f\u200ais\u205f\u200aadded\u205f\u200ato\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200a
\nthe\u205f\u200ainstrument\u205f\u200ato\u205f\u200athe\u205f\u200aextent\u205f\u200athat\u205f\u200ait\u205f\u200ais\u205f\u200anot\u205f\u200areceived\u205f\u200ain\u205f\u200a
\nthe\u205f\u200a period\u205f\u200ain\u205f\u200a which\u205f\u200a it\u205f\u200a occurs.\u205f\u200a Interest\u205f\u200a is\u205f\u200a calculated\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aeffective\u205f\u200ainterest\u205f\u200arate\u205f\u200amethod.
\nThe\u205f\u200aGroup\u205f\u200aapplies\u205f\u200athe\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200asimplification:\u205f\u200aat\u205f\u200a
\nevery\u205f\u200areporting\u205f\u200adate,\u205f\u200athe\u205f\u200aGroup\u205f\u200aevaluates\u205f\u200awhether\u205f\u200athe\u205f\u200a
\ndebt\u205f\u200ainstrument\u205f\u200ais\u205f\u200aconsidered\u205f\u200ato\u205f\u200ahave\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200a
\nusing\u205f\u200aall\u205f\u200areasonable\u205f\u200aand\u205f\u200asupportable\u205f\u200ainformation\u205f\u200athat\u205f\u200a
\nis\u205f\u200a available\u205f\u200awithout\u205f\u200a undue\u205f\u200a cost\u205f\u200a or\u205f\u200a effort.\u205f\u200a In\u205f\u200a making\u205f\u200a
\nthat evaluation, the Group reassesses the internal
\ncredit\u205f\u200a rating\u205f\u200a of\u205f\u200a the\u205f\u200a debt\u205f\u200a instrument.\u205f\u200a In\u205f\u200a addition,\u205f\u200a
\nthe\u205f\u200aGroup\u205f\u200aconsiders\u205f\u200athat\u205f\u200athere\u205f\u200ahas\u205f\u200abeen\u205f\u200aa\u205f\u200asignificant\u205f\u200a
\nincrease\u205f\u200ain\u205f\u200acredit\u205f\u200arisk\u205f\u200awhen\u205f\u200acontractual\u205f\u200apayments\u205f\u200aare\u205f\u200a
\nmore\u205f\u200athan\u205f\u200a30\u205f\u200adays\u205f\u200apast\u205f\u200adue.
\nInterest-bearing\u205f\u200a borrowings\u205f\u200a and\u205f\u200a overdrafts\u205f\u200a are\u205f\u200a
\nrecorded\u205f\u200afor\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200aof\u205f\u200aamounts\u205f\u200areceived,\u205f\u200aminus\u205f\u200a
\ndirect\u205f\u200aissue\u205f\u200acosts.\u205f\u200aFinancial\u205f\u200aexpenses\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nin\u205f\u200a income\u205f\u200a statement\u205f\u200a and\u205f\u200a are\u205f\u200a added\u205f\u200a to\u205f\u200a the\u205f\u200a carrying\u205f\u200a
\namount of the instrument to the extent that they are
\nunpaid\u205f\u200ain\u205f\u200athe\u205f\u200ayear\u205f\u200ain\u205f\u200awhich\u205f\u200athey\u205f\u200aoccur.
\nThe carrying amount is a reasonable approximation of
\nfair\u205f\u200avalue\u205f\u200ain\u205f\u200athe\u205f\u200acase\u205f\u200aof\u205f\u200afinancial\u205f\u200ainstruments\u205f\u200asuch\u205f\u200aas\u205f\u200a
\nborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200awith\u205f\u200ashort-term\u205f\u200amaturity.
\nThe\u205f\u200afair\u205f\u200avalue\u205f\u200ameasurement\u205f\u200aof\u205f\u200aborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200a
\nwith\u205f\u200a financial\u205f\u200a institutions,\u205f\u200a other\u205f\u200a than\u205f\u200a in\u205f\u200a the\u205f\u200a short\u205f\u200a
\nterm,\u205f\u200adepends\u205f\u200aboth\u205f\u200aon\u205f\u200athe\u205f\u200aspecifics\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200aand\u205f\u200a
\non\u205f\u200a current\u205f\u200a market\u205f\u200a conditions.\u205f\u200a The\u205f\u200a fair\u205f\u200a value\u205f\u200a was\u205f\u200a
\ncalculated\u205f\u200a by\u205f\u200a discounting\u205f\u200a the\u205f\u200a expected\u205f\u200a future\u205f\u200a cash\u205f\u200a
\nflows\u205f\u200aat\u205f\u200athe\u205f\u200are-estimated\u205f\u200ainterest\u205f\u200arates\u205f\u200aprevailing\u205f\u200aat\u205f\u200a
\nthe\u205f\u200a balance\u205f\u200a sheet\u205f\u200a date\u205f\u200a over\u205f\u200a the\u205f\u200a remaining\u205f\u200a term\u205f\u200a of\u205f\u200a
\nrepayment\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a25).
\nThe\u205f\u200a Group\u205f\u200a relied\u205f\u200a on\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a the\u205f\u200a interest\u205f\u200a
\nrate\u205f\u200a of\u205f\u200a the\u205f\u200a European\u205f\u200a Central\u205f\u200a Bank\u205f\u200a adjusted\u205f\u200a for\u205f\u200a the\u205f\u200a
\nspecific\u205f\u200arisk\u205f\u200ainherent\u205f\u200ain\u205f\u200aeach\u205f\u200afinancial\u205f\u200ainstrument,\u205f\u200aas\u205f\u200a
\na reasonable benchmark for estimating the fair value
\nof\u205f\u200asuch\u205f\u200aborrowings\u205f\u200a(see\u205f\u200aNote\u205f\u200a25).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial assets designated at fair value through
\nOCI (equity instruments)
\nUpon initial recognition, the Group can elect to
\nclassify\u205f\u200a irrevocably\u205f\u200a its\u205f\u200a equity\u205f\u200a investments\u205f\u200a as\u205f\u200a equity\u205f\u200a
\ninstruments\u205f\u200a designated\u205f\u200a at\u205f\u200a fair\u205f\u200a value\u205f\u200a through\u205f\u200a OCI\u205f\u200a
\nif\u205f\u200a they\u205f\u200a meet\u205f\u200a the\u205f\u200a definition\u205f\u200a of\u205f\u200a equity\u205f\u200a under\u205f\u200a IAS
\nG
\n 32
\nFinancial\u205f\u200aInstruments:\u205f\u200aPresentation\u205f\u200aand\u205f\u200aare\u205f\u200anot\u205f\u200aheld\u205f\u200a
\nfor\u205f\u200a trading.\u205f\u200a The\u205f\u200a classification\u205f\u200a is\u205f\u200a determined\u205f\u200a on\u205f\u200a an\u205f\u200a
\ninstrument-by-instrument basis.
\nGains\u205f\u200a and\u205f\u200alosses\u205f\u200a on\u205f\u200athese\u205f\u200a financial\u205f\u200aassets\u205f\u200a are\u205f\u200anever\u205f\u200a
\nrecycled\u205f\u200ainto\u205f\u200aprofit\u205f\u200aor\u205f\u200aloss.\u205f\u200aDividends\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nas\u205f\u200a other\u205f\u200a income\u205f\u200a in\u205f\u200a the\u205f\u200a statement\u205f\u200a of\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a
\nwhen\u205f\u200a the\u205f\u200a right\u205f\u200a of\u205f\u200a payment\u205f\u200a has\u205f\u200a been\u205f\u200a established,\u205f\u200a
\nexcept\u205f\u200awhen\u205f\u200athe\u205f\u200aGroup\u205f\u200abenefits\u205f\u200a from\u205f\u200asuch\u205f\u200aproceeds\u205f\u200a
\nas\u205f\u200aa\u205f\u200arecovery\u205f\u200aof\u205f\u200apart\u205f\u200aof\u205f\u200athe\u205f\u200acost\u205f\u200aof\u205f\u200athe\u205f\u200afinancial\u205f\u200aasset,\u205f\u200a
\nin\u205f\u200awhich\u205f\u200acase,\u205f\u200asuch\u205f\u200agains\u205f\u200aare\u205f\u200arecorded\u205f\u200ain\u205f\u200aOCI.\u205f\u200aEquity\u205f\u200a
\ninstruments\u205f\u200adesignated\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200athrough\u205f\u200aOCI\u205f\u200aare\u205f\u200a
\nnot subject to impairment assessment.
\nThe\u205f\u200a Group\u205f\u200a elected\u205f\u200a to\u205f\u200a classify\u205f\u200a irrevocably\u205f\u200a its\u205f\u200a non-
\nlisted\u205f\u200aequity\u205f\u200ainvestments\u205f\u200aunder\u205f\u200athis\u205f\u200acategory.
\nOther financial assets and liabilities
\nOther\u205f\u200a financial\u205f\u200a assets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a are\u205f\u200a recorded\u205f\u200a at\u205f\u200a
\ntheir\u205f\u200aacquisition\u205f\u200acost.\u205f\u200aThe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aother\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a is\u205f\u200a estimated\u205f\u200a to\u205f\u200a be\u205f\u200a close\u205f\u200a to\u205f\u200a the\u205f\u200a
\ncarrying amount.
\nThe\u205f\u200a receivables\u205f\u200a are\u205f\u200a valued\u205f\u200a at\u205f\u200a their\u205f\u200a nominal\u205f\u200a value\u205f\u200a
\n(at\u205f\u200a cost)\u205f\u200a minus\u205f\u200a any\u205f\u200a write-downs\u205f\u200a covering\u205f\u200a amounts\u205f\u200a
\nconsidered\u205f\u200aas\u205f\u200anon-recoverable\u205f\u200aif\u205f\u200athe\u205f\u200a Group\u205f\u200a deems\u205f\u200a it\u205f\u200a
\nnecessary.\u205f\u200a Impairment\u205f\u200a of\u205f\u200a assets\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nincome\u205f\u200a statement\u205f\u200a under\u205f\u200a \u201cOther\u205f\u200a operating\u205f\u200a income/
\nexpenses\".\u205f\u200a The\u205f\u200a Group\u205f\u200a has\u205f\u200a established\u205f\u200a a\u205f\u200a provision\u205f\u200a
\nmatrix,\u205f\u200abased\u205f\u200a on\u205f\u200a its\u205f\u200ahistorical\u205f\u200a credit\u205f\u200aloss\u205f\u200aexperience\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
\n\n
\n\n
\n\n(average\u205f\u200a default\u205f\u200a over\u205f\u200a several\u205f\u200a years),\u205f\u200a which\u205f\u200a was\u205f\u200a
\nadjusted\u205f\u200afor\u205f\u200aprospective\u205f\u200afactors\u205f\u200aspecific\u205f\u200ato\u205f\u200athe\u205f\u200adebtors\u205f\u200a
\nand\u205f\u200athe\u205f\u200aeconomic\u205f\u200aenvironment.\u205f\u200aThe\u205f\u200acarrying\u205f\u200aamount\u205f\u200a
\nof\u205f\u200athe\u205f\u200aasset\u205f\u200ais\u205f\u200areduced\u205f\u200ausing\u205f\u200aa\u205f\u200aprovision\u205f\u200aaccount,\u205f\u200aand\u205f\u200a
\nthe\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aloss\u205f\u200ais\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aconsolidated\u205f\u200a
\nincome\u205f\u200a statement.\u205f\u200a The\u205f\u200a Board\u205f\u200a of\u205f\u200a Directors\u205f\u200a of\u205f\u200a each\u205f\u200a
\nsubsidiary\u205f\u200aevaluates\u205f\u200athe\u205f\u200areceivables\u205f\u200aindividually.\u205f\u200aValue\u205f\u200a
\nadjustments\u205f\u200a are\u205f\u200a determined\u205f\u200a by\u205f\u200a taking\u205f\u200a into\u205f\u200a account\u205f\u200a
\nthe local economic reality of each country. They are
\nreviewed\u205f\u200aat\u205f\u200athe\u205f\u200areception\u205f\u200aof\u205f\u200anew\u205f\u200aevents\u205f\u200aand\u205f\u200aat\u205f\u200aleast\u205f\u200a
\nannually.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.19. Provisions
\nProvisions occur when the Group has a present
\nobligation\u205f\u200a(legal\u205f\u200aor\u205f\u200aconstructive)\u205f\u200aas\u205f\u200aa\u205f\u200aresult\u205f\u200aof\u205f\u200aa\u205f\u200apast\u205f\u200a
\nevent.\u205f\u200aThis\u205f\u200apresent\u205f\u200aobligation\u205f\u200awill\u205f\u200aprobably\u205f\u200alead\u205f\u200ato\u205f\u200aan\u205f\u200a
\noutflow\u205f\u200aof\u205f\u200aeconomic\u205f\u200abenefits,\u205f\u200ainsofar\u205f\u200aas\u205f\u200athey\u205f\u200acan\u205f\u200abe\u205f\u200a
\nreasonably\u205f\u200aestimated.\u205f\u200a
\nRestructuring provisions occur when the Group has
\ncome\u205f\u200a up\u205f\u200a with\u205f\u200a a\u205f\u200a formal\u205f\u200a and\u205f\u200a detailed\u205f\u200a plan\u205f\u200a for\u205f\u200a the\u205f\u200a
\nrestructuring,\u205f\u200awhich\u205f\u200ahas\u205f\u200abeen\u205f\u200anotified\u205f\u200ato\u205f\u200athe\u205f\u200aaffected\u205f\u200a
\nparties.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.20. Pension obligations
\nDefined contribution plans
\nThe\u205f\u200a defined\u205f\u200a contribution\u205f\u200a plans\u205f\u200a designate\u205f\u200a the\u205f\u200a post-
\nemployment\u205f\u200abenefit\u205f\u200aplans\u205f\u200aunder\u205f\u200awhich\u205f\u200athe\u205f\u200aGroup\u205f\u200apays\u205f\u200a
\ndefined\u205f\u200acontributions\u205f\u200ato\u205f\u200aexternal\u205f\u200ainsurance\u205f\u200acompanies\u205f\u200a
\nfor\u205f\u200acertain\u205f\u200acategories\u205f\u200aof\u205f\u200aemployees.\u205f\u200aPayments\u205f\u200amade\u205f\u200a
\nunder\u205f\u200a these\u205f\u200a pension\u205f\u200a plans\u205f\u200a are\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nincome\u205f\u200astatement\u205f\u200ain\u205f\u200athe\u205f\u200ayear\u205f\u200awhen\u205f\u200athey\u205f\u200aare\u205f\u200adue.
\nAs\u205f\u200athese\u205f\u200a plans\u205f\u200a do\u205f\u200a not\u205f\u200agenerate\u205f\u200a future\u205f\u200acommitments\u205f\u200a
\nfor\u205f\u200athe\u205f\u200aGroup,\u205f\u200athey\u205f\u200ado\u205f\u200anot\u205f\u200agive\u205f\u200arise\u205f\u200ato\u205f\u200aprovisions.
\nDefined benefit plans
\nThe\u205f\u200a defined\u205f\u200abenefit\u205f\u200a plans\u205f\u200arefer\u205f\u200a to\u205f\u200apost-employment\u205f\u200a
\nbenefit\u205f\u200aplans\u205f\u200athat\u205f\u200aprovide\u205f\u200aadditional\u205f\u200aincome\u205f\u200ato\u205f\u200acertain\u205f\u200a
\ncategories\u205f\u200aof\u205f\u200aemployees\u205f\u200afor\u205f\u200aservices\u205f\u200arendered\u205f\u200aduring\u205f\u200a
\nthe\u205f\u200ayear\u205f\u200aand\u205f\u200aprior\u205f\u200ayears.
\nThis\u205f\u200a guarantee\u205f\u200a of\u205f\u200a additional\u205f\u200a resources\u205f\u200a is\u205f\u200a a\u205f\u200a future\u205f\u200a
\nexpenditure\u205f\u200a for\u205f\u200a the\u205f\u200a Group\u205f\u200a for\u205f\u200a which\u205f\u200a a\u205f\u200a commitment\u205f\u200a
\nis\u205f\u200acalculated\u205f\u200aby\u205f\u200aindependent\u205f\u200aactuaries\u205f\u200aat\u205f\u200athe\u205f\u200aend\u205f\u200aof\u205f\u200a
\neach\u205f\u200afinancial\u205f\u200ayear.
\nThe\u205f\u200a actuarial\u205f\u200a assumptions\u205f\u200a used\u205f\u200a to\u205f\u200a determine\u205f\u200a the\u205f\u200a
\nliabilities\u205f\u200a vary\u205f\u200aaccording\u205f\u200a to\u205f\u200a the\u205f\u200a prevailing\u205f\u200a economic\u205f\u200a
\nconditions\u205f\u200ain\u205f\u200athe\u205f\u200acountry\u205f\u200ain\u205f\u200awhich\u205f\u200athe\u205f\u200aplan\u205f\u200ais\u205f\u200alocated.
\nThe\u205f\u200a discount\u205f\u200a rates\u205f\u200a applicable\u205f\u200a to\u205f\u200a post-employment\u205f\u200a
\nbenefit\u205f\u200aobligations\u205f\u200ashould\u205f\u200abe\u205f\u200adetermined\u205f\u200aby\u205f\u200areference\u205f\u200a
\nto\u205f\u200athe\u205f\u200amarket\u205f\u200ayields\u205f\u200aon\u205f\u200ahigh\u205f\u200aquality\u205f\u200acorporate\u205f\u200abonds\u205f\u200a
\nthat\u205f\u200aare\u205f\u200aappropriate/relevant\u205f\u200ato\u205f\u200athe\u205f\u200aestimated\u205f\u200atiming\u205f\u200a
\nof\u205f\u200abenefit\u205f\u200apayments\u205f\u200aat\u205f\u200athe\u205f\u200abalance\u205f\u200asheet\u205f\u200adate.
\nThe\u205f\u200aGroup\u205f\u200adecided\u205f\u200ato\u205f\u200acalculate\u205f\u200adiscount\u205f\u200arates\u205f\u200ausing\u205f\u200aan\u205f\u200a
\neconomic\u205f\u200a approach\u205f\u200a for\u205f\u200a high-quality\u205f\u200a corporate\u205f\u200a bonds\u205f\u200a
\nwhose\u205f\u200aduration\u205f\u200acorresponds\u205f\u200ato\u205f\u200athe\u205f\u200aterms\u205f\u200aof\u205f\u200aemployee\u205f\u200a
\nbenefits\u205f\u200a in\u205f\u200a the\u205f\u200a countries\u205f\u200a concerned.\u205f\u200a In\u205f\u200a the\u205f\u200a countries\u205f\u200a
\nwhere there is no active market for such obligation,
\nthe\u205f\u200aGroup\u205f\u200arefers\u205f\u200ato\u205f\u200athe\u205f\u200amarket\u205f\u200ayields\u205f\u200a(at\u205f\u200athe\u205f\u200aend\u205f\u200aof\u205f\u200athe\u205f\u200a
\nreporting\u205f\u200aperiod)\u205f\u200a of\u205f\u200a government\u205f\u200a bonds.\u205f\u200aThe\u205f\u200a currency\u205f\u200a
\nand\u205f\u200aduration\u205f\u200aof\u205f\u200athese\u205f\u200acorporate\u205f\u200aor\u205f\u200agovernment\u205f\u200abonds\u205f\u200a
\nmust\u205f\u200a correspond\u205f\u200a to\u205f\u200a the\u205f\u200a currency\u205f\u200a and\u205f\u200a estimated\u205f\u200a
\nduration\u205f\u200aof\u205f\u200athe\u205f\u200apost-employment\u205f\u200abenefit\u205f\u200aobligations.
\nThe\u205f\u200acost\u205f\u200aof\u205f\u200acorresponding\u205f\u200acommitments\u205f\u200ais\u205f\u200adetermined\u205f\u200a
\nby\u205f\u200a using\u205f\u200a the\u205f\u200a projected\u205f\u200a unit\u205f\u200a credit\u205f\u200a method,\u205f\u200a with\u205f\u200a a\u205f\u200a
\ndiscounted\u205f\u200a value\u205f\u200a calculation\u205f\u200a at\u205f\u200a the\u205f\u200a balance\u205f\u200a sheet\u205f\u200a
\ndate\u205f\u200a in\u205f\u200a accordance\u205f\u200a with\u205f\u200a the\u205f\u200a principles\u205f\u200a of\u205f\u200a IAS
\nG
\n 19
\n\u201cEmployee\u205f\u200aBenefits\".
\nAll\u205f\u200achanges\u205f\u200ain\u205f\u200athe\u205f\u200aamount\u205f\u200aof\u205f\u200adefined\u205f\u200abenefit\u205f\u200apension\u205f\u200a
\nobligations\u205f\u200aare\u205f\u200arecognised\u205f\u200aas\u205f\u200asoon\u205f\u200aas\u205f\u200athey\u205f\u200aoccur.
\nRemeasurements\u205f\u200a of\u205f\u200a defined\u205f\u200a benefit\u205f\u200a pension\u205f\u200a
\nobligations,\u205f\u200aincluding\u205f\u200aactuarial\u205f\u200agains\u205f\u200aand\u205f\u200alosses,\u205f\u200ashould\u205f\u200a
\nbe\u205f\u200arecognised\u205f\u200aimmediately\u205f\u200ain\u205f\u200a\u201cOther\u205f\u200acomprehensive\u205f\u200a
\nincome\"
\nG
\n.
\nThe\u205f\u200acosts\u205f\u200aof\u205f\u200aservices\u205f\u200arendered\u205f\u200aduring\u205f\u200athe\u205f\u200aperiod,\u205f\u200apast\u205f\u200a
\nservice\u205f\u200acosts\u205f\u200a(plan\u205f\u200aamendment)\u205f\u200aand\u205f\u200anet\u205f\u200ainterest\u205f\u200aare\u205f\u200a
\nrecognised\u205f\u200aas\u205f\u200aan\u205f\u200aexpense\u205f\u200aimmediately.
\nThe\u205f\u200aamount\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200astatement\u205f\u200aof\u205f\u200afinancial\u205f\u200a
\nposition\u205f\u200aconsists\u205f\u200aof\u205f\u200a the\u205f\u200apresent\u205f\u200avalue\u205f\u200aof\u205f\u200athe\u205f\u200adefined\u205f\u200a
\nbenefit\u205f\u200aplans\u2019\u205f\u200apension\u205f\u200aobligations.\u205f\u200aThis\u205f\u200avalue\u205f\u200ahas\u205f\u200abeen\u205f\u200a
\nadjusted\u205f\u200afor\u205f\u200aactuarial\u205f\u200agains\u205f\u200aand\u205f\u200alosses,\u205f\u200aminus\u205f\u200athe\u205f\u200afair\u205f\u200a
\nvalue of plan assets.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.21. Revenue recognition
\nThe\u205f\u200a Group\u2019s\u205f\u200a revenues\u205f\u200a derive\u205f\u200a from\u205f\u200a the\u205f\u200a performance\u205f\u200a
\nobligation\u205f\u200a to\u205f\u200a transfer\u205f\u200a the\u205f\u200a control\u205f\u200a of\u205f\u200a products\u205f\u200a under\u205f\u200a
\narrangements.\u205f\u200a According\u205f\u200a to\u205f\u200a these\u205f\u200a arrangements,\u205f\u200a
\nthe\u205f\u200a transfer\u205f\u200a of\u205f\u200a control\u205f\u200a and\u205f\u200a the\u205f\u200a fulfilment\u205f\u200a of\u205f\u200a the\u205f\u200a
\nperformance obligation occur at the same time.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
\n\nThe point of control of the asset by the customer
\ndepends\u205f\u200a on\u205f\u200a the\u205f\u200a moment\u205f\u200a when\u205f\u200a the\u205f\u200a goods\u205f\u200a are\u205f\u200a made\u205f\u200a
\navailable to the carrier or when the buyer takes
\npossession\u205f\u200a of\u205f\u200a the\u205f\u200a goods.\u205f\u200a This\u205f\u200a also\u205f\u200a depends\u205f\u200a on\u205f\u200a the\u205f\u200a
\ndelivery\u205f\u200a conditions.\u205f\u200a With\u205f\u200a regards\u205f\u200a to\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nactivities,\u205f\u200athe\u205f\u200arecognition\u205f\u200acriteria\u205f\u200aare\u205f\u200agenerally\u205f\u200amet:
\n(a)\u205f\u200a\u205f\u200afor\u205f\u200aexport\u205f\u200asales,\u205f\u200awhere\u205f\u200athe\u205f\u200atime\u205f\u200aof\u205f\u200athe\u205f\u200atransfer\u205f\u200aof\u205f\u200a
\ndeed\u205f\u200ais\u205f\u200abased\u205f\u200aon\u205f\u200athe\u205f\u200aincoterms;
\n(b)\u205f\u200a\u205f\u200afor\u205f\u200a local\u205f\u200a sales,\u205f\u200a depending\u205f\u200a on\u205f\u200a the\u205f\u200a delivery\u205f\u200a
\nconditions,\u205f\u200a either\u205f\u200a when\u205f\u200a the\u205f\u200a goods\u205f\u200a leave\u205f\u200a the\u205f\u200a
\npremises or when the customer takes possession
\nof\u205f\u200athe\u205f\u200agoods.
\nThis\u205f\u200a is\u205f\u200a the\u205f\u200amoment\u205f\u200awhen\u205f\u200a the\u205f\u200aGroup\u205f\u200ahas\u205f\u200a fulfilled\u205f\u200a its\u205f\u200a
\nperformance obligations.
\nRevenues\u205f\u200a are\u205f\u200avalued\u205f\u200a at\u205f\u200athe\u205f\u200a transaction\u205f\u200a price\u205f\u200aof\u205f\u200a the\u205f\u200a
\nconsideration\u205f\u200a received\u205f\u200a or\u205f\u200a receivable,\u205f\u200a to\u205f\u200a which\u205f\u200a the\u205f\u200a
\ncompany\u205f\u200aexpects\u205f\u200ato\u205f\u200abe\u205f\u200aentitled.
\nThe\u205f\u200a selling\u205f\u200a price\u205f\u200a is\u205f\u200a determined\u205f\u200aat\u205f\u200a the\u205f\u200a market\u205f\u200a price\u205f\u200a
\nand,\u205f\u200a in\u205f\u200a a\u205f\u200a few\u205f\u200a cases,\u205f\u200a is\u205f\u200a contractually\u205f\u200adetermined\u205f\u200a on\u205f\u200a
\na provisional basis using a reliable estimate. In the
\nlatter\u205f\u200a case,\u205f\u200a price\u205f\u200a adjustments\u205f\u200a can\u205f\u200a then\u205f\u200a take\u205f\u200a place\u205f\u200a
\ndepending\u205f\u200aon\u205f\u200athe\u205f\u200amovements\u205f\u200abetween\u205f\u200athe\u205f\u200areference\u205f\u200a
\nprice\u205f\u200aand\u205f\u200athe\u205f\u200afinal\u205f\u200aprice,\u205f\u200aas\u205f\u200arecognised.
\nThe\u205f\u200a Group\u205f\u200a considers\u205f\u200a itself\u205f\u200a to\u205f\u200a be\u205f\u200a the\u205f\u200aprincipal\u205f\u200a in\u205f\u200aits\u205f\u200a
\nrevenue\u205f\u200aarrangements,\u205f\u200abecause\u205f\u200ait\u205f\u200acontrols\u205f\u200athe\u205f\u200agoods\u205f\u200a
\nsold\u205f\u200abefore\u205f\u200atransferring\u205f\u200athem\u205f\u200ato\u205f\u200athe\u205f\u200acustomers.
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a revenue\u205f\u200a from\u205f\u200a the\u205f\u200a major\u205f\u200a
\ncustomer\u205f\u200awithin\u205f\u200athe\u205f\u200aGroup\u205f\u200aaccounted\u205f\u200afor\u205f\u200aapproximately\u205f\u200a
\nEUR\u205f\u200a 83.8\u205f\u200a million\u205f\u200a (2022:\u205f\u200a EUR\u205f\u200a 96.2\u205f\u200a million)\u205f\u200a of\u205f\u200a total\u205f\u200a
\nGroup revenue.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n1.22. Taxes
\nCurrent tax is the amount of tax payable or recoverable
\non\u205f\u200athe\u205f\u200aprofit\u205f\u200aor\u205f\u200aloss\u205f\u200aof\u205f\u200aa\u205f\u200afinancial\u205f\u200ayear.
\nTemporary\u205f\u200a differences\u205f\u200a between\u205f\u200a the\u205f\u200a book\u205f\u200a values\u205f\u200a of\u205f\u200a
\nassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200aon\u205f\u200a the\u205f\u200a one\u205f\u200a hand,\u205f\u200a and\u205f\u200a their\u205f\u200atax\u205f\u200a
\nbases\u205f\u200aon\u205f\u200athe\u205f\u200aother\u205f\u200ahand,\u205f\u200alead\u205f\u200ato\u205f\u200athe\u205f\u200arecognition\u205f\u200aof\u205f\u200aa\u205f\u200a
\ndeferred\u205f\u200atax\u205f\u200ausing\u205f\u200athe\u205f\u200atax\u205f\u200arates\u205f\u200awhich\u205f\u200aare\u205f\u200aapplicable\u205f\u200a
\nwhen\u205f\u200athe\u205f\u200atemporary\u205f\u200adifferences\u205f\u200adisappear,\u205f\u200aas\u205f\u200aadopted\u205f\u200a
\non\u205f\u200athe\u205f\u200aclosing\u205f\u200adate.
\nA\u205f\u200adeferred\u205f\u200atax\u205f\u200ais\u205f\u200arecognised\u205f\u200afor\u205f\u200aall\u205f\u200ataxable\u205f\u200atemporary\u205f\u200a
\ndifferences,\u205f\u200aunless\u205f\u200athe\u205f\u200adeferred\u205f\u200atax\u205f\u200ais\u205f\u200agenerated:
\n-\u205f\u200a\u205f\u200aby\u205f\u200agoodwill\u205f\u200aor;\u205f\u200a
\n- by the initial recognition of an asset or liability in a
\ntransaction\u205f\u200awhich\u205f\u200ais\u205f\u200anot\u205f\u200aacquired\u205f\u200athrough\u205f\u200aa\u205f\u200abusiness\u205f\u200a
\ncombination,\u205f\u200adoes\u205f\u200anot\u205f\u200aaffect\u205f\u200aneither\u205f\u200athe\u205f\u200aaccounting\u205f\u200a
\nprofit\u205f\u200a nor\u205f\u200a the\u205f\u200a taxable\u205f\u200a profit\u205f\u200a (tax\u205f\u200a loss),\u205f\u200a nor\u205f\u200a gives\u205f\u200a
\nrise\u205f\u200a to\u205f\u200a equal\u205f\u200a taxable\u205f\u200a and\u205f\u200a deductible\u205f\u200a temporary\u205f\u200a
\ndifferences\u205f\u200aat\u205f\u200athe\u205f\u200atime\u205f\u200aof\u205f\u200athe\u205f\u200atransaction.
\nA\u205f\u200a deferred\u205f\u200a tax\u205f\u200a liability\u205f\u200a is\u205f\u200a recognised\u205f\u200a for\u205f\u200a all\u205f\u200a taxable\u205f\u200a
\ntemporary\u205f\u200a differences\u205f\u200a related\u205f\u200a to\u205f\u200a investments\u205f\u200a in\u205f\u200a
\nsubsidiaries\u205f\u200aand\u205f\u200aassociates,\u205f\u200aunless\u205f\u200athe\u205f\u200adate\u205f\u200aon\u205f\u200awhich\u205f\u200a
\nthe\u205f\u200a temporary\u205f\u200a difference\u205f\u200a will\u205f\u200a be\u205f\u200a reversed\u205f\u200a can\u205f\u200a be\u205f\u200a
\ncontrolled\u205f\u200aand\u205f\u200a it\u205f\u200a will\u205f\u200a most\u205f\u200alikely\u205f\u200a not\u205f\u200abe\u205f\u200a reversed\u205f\u200ain\u205f\u200a
\nthe foreseeable future.
\nA\u205f\u200a deferred\u205f\u200a tax\u205f\u200a asset\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a order\u205f\u200a to\u205f\u200a carry\u205f\u200a
\nforward\u205f\u200a unused\u205f\u200a tax\u205f\u200a losses\u205f\u200a and\u205f\u200a tax\u205f\u200a credits,\u205f\u200a so\u205f\u200a that\u205f\u200a
\nfuture\u205f\u200a taxable\u205f\u200a profits,\u205f\u200a on\u205f\u200a which\u205f\u200a these\u205f\u200a unused\u205f\u200a tax\u205f\u200a
\nlosses\u205f\u200aand\u205f\u200atax\u205f\u200acredits\u205f\u200acan\u205f\u200abe\u205f\u200acharged,\u205f\u200awill\u205f\u200alikely\u205f\u200abe\u205f\u200a
\navailable.
\nDeferred\u205f\u200atax\u205f\u200ais\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200astatement,\u205f\u200a
\nunless\u205f\u200a it\u205f\u200a relates\u205f\u200a to\u205f\u200a items\u205f\u200a that\u205f\u200a have\u205f\u200a been\u205f\u200a directly\u205f\u200a
\nrecognised,\u205f\u200aeither\u205f\u200ain\u205f\u200aequity\u205f\u200aor\u205f\u200ain\u205f\u200aother\u205f\u200acomprehensive\u205f\u200a
\nincome
\nG
\n.
\nThe\u205f\u200a Group\u205f\u200a applies\u205f\u200a the\u205f\u200a mandatory\u205f\u200a exception\u205f\u200a to\u205f\u200a
\nrecognise\u205f\u200a and\u205f\u200a disclose\u205f\u200a information\u205f\u200a about\u205f\u200a deferred\u205f\u200a
\ntax\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200arelated\u205f\u200ato\u205f\u200aPillar\u205f\u200aTwo\u205f\u200aincome\u205f\u200a
\ntaxes\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a13).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.23. Segment information
\nIFRS
\nG
\n\u205f\u200a 8\u205f\u200a \u2013\u205f\u200a Operating\u205f\u200a Segments\u205f\u200a requires\u205f\u200a operating\u205f\u200a
\nsegments\u205f\u200a to\u205f\u200a be\u205f\u200a identified\u205f\u200a based\u205f\u200a on\u205f\u200a an\u205f\u200a internal\u205f\u200a
\nreporting.\u205f\u200aThis\u205f\u200a internal\u205f\u200areporting\u205f\u200a is\u205f\u200a analysed\u205f\u200a by\u205f\u200a the\u205f\u200a
\nentity\u2019s\u205f\u200a chief\u205f\u200a operating\u205f\u200a decision-maker,\u205f\u200a in\u205f\u200a order\u205f\u200a to\u205f\u200a
\nassess\u205f\u200aperformance\u205f\u200aand\u205f\u200a make\u205f\u200a resource\u205f\u200a decisions\u205f\u200afor\u205f\u200a
\nthe segments.
\nThe\u205f\u200aidentification\u205f\u200aof\u205f\u200athese\u205f\u200aoperational\u205f\u200asectors\u205f\u200afollows\u205f\u200a
\nfrom\u205f\u200a the\u205f\u200a information\u205f\u200a analysed\u205f\u200a by\u205f\u200a the\u205f\u200a management.\u205f\u200a
\nThis\u205f\u200a information\u205f\u200a is\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a geographic\u205f\u200a
\ndistribution\u205f\u200a of\u205f\u200a political\u205f\u200a and\u205f\u200a economic\u205f\u200a risks,\u205f\u200a as\u205f\u200a well\u205f\u200a
\nas\u205f\u200a on\u205f\u200a the\u205f\u200a analysis\u205f\u200a of\u205f\u200a individual\u205f\u200a social\u205f\u200a accounts\u205f\u200a at\u205f\u200a
\nhistorical cost.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.24. Use of estimates
\nFor\u205f\u200a the\u205f\u200a preparation\u205f\u200a of\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a
\nstatements\u205f\u200a in\u205f\u200a accordance\u205f\u200a with\u205f\u200a IFRS
\nG
\n,\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n\nManagement\u205f\u200a has\u205f\u200a made\u205f\u200a use\u205f\u200a of\u205f\u200a its\u205f\u200a best\u205f\u200a estimates\u205f\u200a to\u205f\u200a
\nmake\u205f\u200a assumptions\u205f\u200a on\u205f\u200a the\u205f\u200a following\u205f\u200a aspects,\u205f\u200a and\u205f\u200a
\nto\u205f\u200a what\u205f\u200a extent\u205f\u200a they\u205f\u200a were\u205f\u200a affected:\u205f\u200a the\u205f\u200a carrying\u205f\u200a
\namount\u205f\u200a of\u205f\u200a assets\u205f\u200a and\u205f\u200a liabilities,\u205f\u200a information\u205f\u200a on\u205f\u200a
\nassets\u205f\u200a and\u205f\u200a liabilities,\u205f\u200a contingent\u205f\u200a liabilities\u205f\u200a and\u205f\u200a the\u205f\u200a
\ncarrying\u205f\u200a amount\u205f\u200a of\u205f\u200a income\u205f\u200a and\u205f\u200a expenses\u205f\u200a recorded\u205f\u200a
\nduring\u205f\u200a the\u205f\u200a period.\u205f\u200a Depending\u205f\u200a on\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a
\nthese\u205f\u200a assumptions\u205f\u200aor\u205f\u200a different\u205f\u200aeconomic\u205f\u200a conditions,\u205f\u200a
\nthe\u205f\u200a amount\u205f\u200a that\u205f\u200a will\u205f\u200a appear\u205f\u200a in\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a future\u205f\u200a
\nconsolidated\u205f\u200a financial\u205f\u200a statements\u205f\u200a may\u205f\u200a differ\u205f\u200a from\u205f\u200a
\ncurrent\u205f\u200a estimates.\u205f\u200a Material\u205f\u200a accounting\u205f\u200a policies,\u205f\u200a for\u205f\u200a
\nwhich\u205f\u200athe\u205f\u200aGroup\u205f\u200ahas\u205f\u200amade\u205f\u200aestimates,\u205f\u200amainly\u205f\u200aconcern\u205f\u200a
\nthe application of IAS
\nG
\n\u205f\u200a19\u205f\u200a\u2013\u205f\u200aEmployee\u205f\u200aBenefits\u205f\u200a(Note\u205f\u200a
\n22),\u205f\u200aIAS
\nG
\n\u205f\u200a41\u205f\u200a\u2013\u205f\u200aAgriculture\u205f\u200aand\u205f\u200aIAS
\nG
\n\u205f\u200a2\u205f\u200a\u2013\u205f\u200aInventories\u205f\u200a(Note\u205f\u200a
\n16),\u205f\u200aIAS
\nG
\n\u205f\u200a16\u205f\u200a\u2013\u205f\u200aProperty,\u205f\u200aPlant\u205f\u200aand\u205f\u200aEquipment\u205f\u200a(Note\u205f\u200a5),\u205f\u200a
\nIAS
\nG
\n\u205f\u200a36\u205f\u200a\u2013\u205f\u200aImpairment\u205f\u200aof\u205f\u200aAssets\u205f\u200a(Notes\u205f\u200a6\u205f\u200aand\u205f\u200a8),\u205f\u200aIFRS
\nG
\n
\n9\u205f\u200a\u2013\u205f\u200aFinancial\u205f\u200aInstruments\u205f\u200a(Notes\u205f\u200a25\u205f\u200aand\u205f\u200a34)\u205f\u200aand\u205f\u200aIFRS
\nG
\n
\n16\u205f\u200a\u2013\u205f\u200aLeases\u205f\u200a(Note\u205f\u200a3).
\nIn\u205f\u200athe\u205f\u200aabsence\u205f\u200aof\u205f\u200aobservable\u205f\u200adata\u205f\u200awithin\u205f\u200athe\u205f\u200ascope\u205f\u200aof\u205f\u200a
\nIFRS
\nG
\n\u205f\u200a13\u205f\u200a\u2013\u205f\u200aFair\u205f\u200aValue\u205f\u200aMeasurement,\u205f\u200athe\u205f\u200aGroup\u205f\u200amakes\u205f\u200a
\nuse\u205f\u200a of\u205f\u200a a\u205f\u200a model\u205f\u200a developed\u205f\u200a with\u205f\u200a the\u205f\u200a aim\u205f\u200a to\u205f\u200a assess\u205f\u200a
\nthe\u205f\u200afair\u205f\u200a value\u205f\u200a of\u205f\u200aagricultural\u205f\u200aproduction,\u205f\u200a using\u205f\u200a local\u205f\u200a
\nproduction\u205f\u200acosts\u205f\u200aand\u205f\u200aconditions\u205f\u200aand\u205f\u200alocal\u205f\u200asales\u205f\u200a(Refer\u205f\u200a
\nto\u205f\u200aNote\u205f\u200a1.12).
\nThis\u205f\u200a method\u205f\u200a is\u205f\u200a inherently\u205f\u200a more\u205f\u200a volatile\u205f\u200a than\u205f\u200a
\nassessment at historical cost.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1.25. Climate effect
\nThe\u205f\u200aGroup\u205f\u200aconsidered\u205f\u200athe\u205f\u200apotential\u205f\u200aimpact\u205f\u200aof\u205f\u200aclimate\u205f\u200a
\nchange,\u205f\u200a which\u205f\u200a may\u205f\u200a affect\u205f\u200a positively\u205f\u200a or\u205f\u200a negatively\u205f\u200a
\nthe\u205f\u200a Group\u2019s\u205f\u200a biological\u205f\u200a assets,\u205f\u200a and\u205f\u200a thus\u205f\u200a the\u205f\u200a financial\u205f\u200a
\nperformance of the Group. Among climate factors,
\nthe\u205f\u200adistribution\u205f\u200aof\u205f\u200arainfall\u205f\u200aand\u205f\u200asunshine\u205f\u200aare\u205f\u200athe\u205f\u200amost\u205f\u200a
\nimportant ones.
\nThe\u205f\u200aGroup\u205f\u200aconsidered\u205f\u200aclimatic\u205f\u200aevents\u205f\u200asuch\u205f\u200a as\u205f\u200asevere\u205f\u200a
\nwind\u205f\u200aor\u205f\u200afires\u205f\u200ain\u205f\u200athe\u205f\u200avaluation\u205f\u200aof\u205f\u200athe\u205f\u200abiological\u205f\u200aassets.\u205f\u200a
\nHowever,\u205f\u200agiven\u205f\u200acurrent\u205f\u200aknowledge,\u205f\u200adistinguishing\u205f\u200athe\u205f\u200a
\nimpact of natural climate changes from climate impact
\ncaused\u205f\u200aby\u205f\u200aanthropic\u205f\u200aactivity\u205f\u200aremains\u205f\u200adifficult.
\nThe\u205f\u200a Management\u205f\u200a Board\u205f\u200a considered\u205f\u200a various\u205f\u200a
\ndocumentation\u205f\u200ain\u205f\u200aits\u205f\u200aassessment\u205f\u200a of\u205f\u200a the\u205f\u200a impact,\u205f\u200a such\u205f\u200a
\nas the last Intergovernmental Panel on Climate Change
\n(IPCC)\u205f\u200a reports\u205f\u200a but\u205f\u200a also\u205f\u200a the\u205f\u200a data\u205f\u200a coming\u205f\u200a from\u205f\u200a the\u205f\u200a
\nagronomic\u205f\u200a departments\u205f\u200a which\u205f\u200a reflect\u205f\u200a the\u205f\u200a potential\u205f\u200a
\neffect\u205f\u200aof\u205f\u200aclimate\u205f\u200achange\u205f\u200aover\u205f\u200athe\u205f\u200apast\u205f\u200ayears.\u205f\u200aBudgets\u205f\u200a
\nare\u205f\u200aadjusted\u205f\u200ato\u205f\u200aintegrate\u205f\u200a the\u205f\u200a operational\u205f\u200a needs\u205f\u200a that\u205f\u200a
\nmay\u205f\u200aresult\u205f\u200aof\u205f\u200athe\u205f\u200aimpact\u205f\u200aof\u205f\u200athose\u205f\u200achanges\u205f\u200aand\u205f\u200athe\u205f\u200avalue\u205f\u200a
\nin\u205f\u200ause\u205f\u200aof\u205f\u200athe\u205f\u200abiological\u205f\u200aassets\u205f\u200ais\u205f\u200aaligned\u205f\u200aconsequently\u205f\u200a
\n(Note\u205f\u200a1.14\u205f\u200aand\u205f\u200aNote\u205f\u200a8).\u205f\u200aFrom\u205f\u200aa\u205f\u200asocial\u205f\u200astand\u205f\u200apoint,\u205f\u200athe\u205f\u200a
\neffect\u205f\u200a of\u205f\u200a climate\u205f\u200a change\u205f\u200a are\u205f\u200a integrated\u205f\u200a through\u205f\u200a the\u205f\u200a
\nregular\u205f\u200aupdates\u205f\u200aof\u205f\u200athe\u205f\u200adata\u205f\u200aused\u205f\u200afor\u205f\u200athe\u205f\u200acalculation\u205f\u200aof\u205f\u200a
\nthe\u205f\u200aemployee\u205f\u200abenefit\u205f\u200aprovision\u205f\u200a(Note\u205f\u200a22).
\nThe\u205f\u200aManagement\u205f\u200aBoard\u205f\u200awill\u205f\u200acontinue\u205f\u200ato\u205f\u200aconsider\u205f\u200athe\u205f\u200a
\npotential impact of climate change in its assessments,
\nand\u205f\u200awill\u205f\u200aintegrate\u205f\u200aany\u205f\u200anew\u205f\u200apotential\u205f\u200aimpact\u205f\u200athat\u205f\u200acould\u205f\u200a
\nlead\u205f\u200a to\u205f\u200a a\u205f\u200a material\u205f\u200a change\u205f\u200a in\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a financial\u205f\u200a
\nstatements.
\n1.26. Geopolitical uncertainties
\nIn\u205f\u200a February\u205f\u200a 2022,\u205f\u200a a\u205f\u200a number\u205f\u200a of\u205f\u200a countries\u205f\u200a (including\u205f\u200a
\nthe\u205f\u200aUS,\u205f\u200aUK\u205f\u200aand\u205f\u200aEU)\u205f\u200aimposed\u205f\u200asanctions\u205f\u200aagainst\u205f\u200acertain\u205f\u200a
\nentities\u205f\u200a and\u205f\u200a individuals\u205f\u200a in\u205f\u200a Russia\u205f\u200a as\u205f\u200a a\u205f\u200a result\u205f\u200a of\u205f\u200a the\u205f\u200a
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\nLugansk\u205f\u200a People\u205f\u200a Republic\u205f\u200a by\u205f\u200a the\u205f\u200a Russian\u205f\u200a Federation.\u205f\u200a
\nAnnouncements\u205f\u200aof\u205f\u200apotential\u205f\u200aadditional\u205f\u200asanctions\u205f\u200awere\u205f\u200a
\nmade\u205f\u200afollowing\u205f\u200amilitary\u205f\u200aoperations\u205f\u200ainitiated\u205f\u200aby\u205f\u200aRussia\u205f\u200a
\nagainst Ukraine on 24 February 2022.
\nOn\u205f\u200a7\u205f\u200aOctober\u205f\u200a2023\u205f\u200aPalestinian\u205f\u200amilitant\u205f\u200agroups\u205f\u200aled\u205f\u200aby\u205f\u200a
\nHamas\u205f\u200a launched\u205f\u200aa\u205f\u200a coordinated\u205f\u200asurprise\u205f\u200a offensive\u205f\u200aon\u205f\u200a
\nIsrael\u205f\u200aresulting\u205f\u200ain\u205f\u200amore\u205f\u200athan\u205f\u200a1,200\u205f\u200adeaths,\u205f\u200aprimarily\u205f\u200a
\nIsraeli\u205f\u200acitizens.\u205f\u200aFollowing\u205f\u200athis\u205f\u200aattack,\u205f\u200aIsrael\u205f\u200adeclared\u205f\u200a
\nitself\u205f\u200ain\u205f\u200aa\u205f\u200astate\u205f\u200aof\u205f\u200awar\u205f\u200afor\u205f\u200athe\u205f\u200afirst\u205f\u200atime\u205f\u200asince\u205f\u200athe\u205f\u200aYom\u205f\u200a
\nKippur\u205f\u200aWar\u205f\u200ain\u205f\u200a1973.
\nDue\u205f\u200ato\u205f\u200athe\u205f\u200ageopolitical\u205f\u200atensions,\u205f\u200asince\u205f\u200aFebruary\u205f\u200a2022,\u205f\u200a
\nthere\u205f\u200ahas\u205f\u200abeen\u205f\u200a a\u205f\u200a significant\u205f\u200a increase\u205f\u200a in\u205f\u200a volatility\u205f\u200aon\u205f\u200a
\nthe\u205f\u200a securities\u205f\u200a and\u205f\u200a currency\u205f\u200a markets.\u205f\u200a The\u205f\u200a conflicts\u205f\u200a
\nhave\u205f\u200ahad\u205f\u200aa\u205f\u200asignificant\u205f\u200aimpact\u205f\u200aon\u205f\u200athe\u205f\u200afinancial\u205f\u200amarkets,\u205f\u200a
\nwith\u205f\u200a many\u205f\u200a investors\u205f\u200a concerned\u205f\u200a about\u205f\u200a the\u205f\u200a risk\u205f\u200a of\u205f\u200a
\nfurther\u205f\u200a escalation\u205f\u200a and\u205f\u200a the\u205f\u200a ensuing\u205f\u200aimpact\u205f\u200a on\u205f\u200aglobal\u205f\u200a
\ntrade\u205f\u200aand\u205f\u200aeconomic\u205f\u200agrowth.
\nAlthough\u205f\u200a the\u205f\u200a aforementioned\u205f\u200a aspects\u205f\u200a have\u205f\u200a not\u205f\u200a
\nsignificantly\u205f\u200a impacted\u205f\u200a the\u205f\u200a company\u2019s\u205f\u200a operations\u205f\u200a nor\u205f\u200a
\nperformance\u205f\u200a and\u205f\u200a going\u205f\u200a concern\u205f\u200a during\u205f\u200a 2023,\u205f\u200a the\u205f\u200a
\nBoard\u205f\u200aof\u205f\u200aDirectors\u205f\u200acontinues\u205f\u200ato\u205f\u200amonitor\u205f\u200athe\u205f\u200aevolving\u205f\u200a
\nsituation\u205f\u200a and\u205f\u200a its\u205f\u200a impact\u205f\u200a on\u205f\u200a the\u205f\u200a company\u2019s\u205f\u200a financial\u205f\u200a
\nposition\u205f\u200aand\u205f\u200aresults.
\n\n1.27. Environmental, Social and Governance
\nThe\u205f\u200aGroup\u205f\u200ahas\u205f\u200adescribed\u205f\u200aits\u205f\u200aambitions\u205f\u200aand\u205f\u200aobjectives\u205f\u200a
\nin\u205f\u200a terms\u205f\u200a of\u205f\u200a environment,\u205f\u200a social\u205f\u200a responsibilities\u205f\u200a and\u205f\u200a
\n
\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n
governance in a separate Sustainability Report that
\n
can\u205f\u200abe\u205f\u200aaccessed\u205f\u200aon\u205f\u200aSocfinasia\u205f\u200awebsite.
\n
Management\u205f\u200ahas\u205f\u200aperformed\u205f\u200aa\u205f\u200apreliminary\u205f\u200aassessment\u205f\u200a
\n
to\u205f\u200ameasure\u205f\u200athe\u205f\u200afinancial\u205f\u200aimpacts\u205f\u200aof\u205f\u200athose\u205f\u200aobjectives\u205f\u200a
\n
on\u205f\u200a the\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a statements.\u205f\u200a Based\u205f\u200a on\u205f\u200a
\n
this\u205f\u200a assessment,\u205f\u200a Management\u205f\u200a was\u205f\u200a able\u205f\u200a to\u205f\u200a conclude\u205f\u200a
\n
that\u205f\u200a most\u205f\u200a of\u205f\u200a the\u205f\u200a commitments\u205f\u200a described\u205f\u200a in\u205f\u200a the\u205f\u200a
\n
Sustainability\u205f\u200aReport\u205f\u200ahave\u205f\u200aalready\u205f\u200abeen\u205f\u200aincorporated\u205f\u200a
\n
in\u205f\u200athe\u205f\u200abudgets\u205f\u200aof\u205f\u200athe\u205f\u200asubsidiaries\u205f\u200aof\u205f\u200athe\u205f\u200aGroup.\u205f\u200aThose\u205f\u200a
\n
budgets\u205f\u200aare\u205f\u200amainly\u205f\u200aused\u205f\u200afor\u205f\u200adetermination\u205f\u200aof\u205f\u200ainternal\u205f\u200a
\n
indicators\u205f\u200a of\u205f\u200a impairment\u205f\u200a but\u205f\u200aalso\u205f\u200a as\u205f\u200aa\u205f\u200a basis\u205f\u200afor\u205f\u200a the\u205f\u200a
\n
determination\u205f\u200a of\u205f\u200a the\u205f\u200a expected\u205f\u200a growth\u205f\u200a rates\u205f\u200a of\u205f\u200a the\u205f\u200a
\n
companies.\u205f\u200aA\u205f\u200a further\u205f\u200a description\u205f\u200a for\u205f\u200athe\u205f\u200a assessment\u205f\u200a
\n
of\u205f\u200aimpairment\u205f\u200aindicators\u205f\u200ais\u205f\u200aprovided\u205f\u200aNotes\u205f\u200a1.14\u205f\u200aand\u205f\u200a8.
\n
\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n",
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\n1.1. Overview
\nSocfinasia\u205f\u200aS.A.\u205f\u200a(the\u205f\u200a\u201cCompany\")\u205f\u200awas\u205f\u200aincorporated\u205f\u200aon\u205f\u200a
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\nit\u205f\u200aas\u205f\u200a a\u205f\u200a soparfi
\nG
\n\u205f\u200a(terms\u205f\u200a having\u205f\u200a a\u205f\u200a
\nG
\n\u205f\u200aare\u205f\u200a explained\u205f\u200a part\u205f\u200a
\n\u201cGlossary\u201d\u205f\u200a at\u205f\u200a the\u205f\u200a end\u205f\u200a of\u205f\u200a the\u205f\u200a annual\u205f\u200a report)\u205f\u200a since\u205f\u200a
\nthe\u205f\u200aAnnual\u205f\u200aGeneral\u205f\u200aMeeting\u205f\u200aof\u205f\u200a10\u205f\u200aJanuary\u205f\u200a2011.\u205f\u200aThe\u205f\u200a
\nregistered\u205f\u200aoffice\u205f\u200ais\u205f\u200aestablished\u205f\u200aat\u205f\u200a4,\u205f\u200aavenue\u205f\u200aGuillaume,\u205f\u200a
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\ninterests that mainly focuses on the operation of
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\nSouth-East of Asia.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSocfinasia\u205f\u200a is\u205f\u200a controlled\u205f\u200a by\u205f\u200a Soci\u00e9t\u00e9\u205f\u200a Financi\u00e8re\u205f\u200a des\u205f\u200a
\nCaoutchoucs,\u205f\u200a abbreviated\u205f\u200a as\u205f\u200a \u201cSocfin\u201d\u205f\u200a which\u205f\u200a is\u205f\u200a the\u205f\u200a
\nlargest\u205f\u200aentity\u205f\u200athat\u205f\u200aconsolidates.\u205f\u200aThe\u205f\u200aregistered\u205f\u200aoffice\u205f\u200a
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\nThe\u205f\u200a Company\u205f\u200a is\u205f\u200a registered\u205f\u200a in\u205f\u200a the\u205f\u200a commercial\u205f\u200a
\nregister\u205f\u200a under\u205f\u200a the\u205f\u200a number\u205f\u200a B10534\u205f\u200a and\u205f\u200a is\u205f\u200a listed\u205f\u200a on\u205f\u200a
\nthe\u205f\u200a Luxembourg\u205f\u200a Stock\u205f\u200a Exchange\u205f\u200a under\u205f\u200a ISIN\u205f\u200a code:\u205f\u200a
\nLU0092047413.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
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\nSouth-East of Asia.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
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\n1.2. Statement of complaince
\nThe\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a statements\u205f\u200a have\u205f\u200a been\u205f\u200a
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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIn conformity with the current legislation existing
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\n\u205f\u200a \u2022\u205f\u200a\u205f\u200aThat\u205f\u200aa\u205f\u200aright\u205f\u200ato\u205f\u200adefer\u205f\u200amust\u205f\u200aexist\u205f\u200aat\u205f\u200athe\u205f\u200aend\u205f\u200aof\u205f\u200athe\u205f\u200a
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\n\u205f\u200a \u2022\u205f\u200a\u205f\u200aThat\u205f\u200aclassification\u205f\u200ais\u205f\u200aunaffected\u205f\u200aby\u205f\u200athe\u205f\u200alikelihood\u205f\u200a
\nthat\u205f\u200aan\u205f\u200aentity\u205f\u200awill\u205f\u200aexercise\u205f\u200aits\u205f\u200adeferral\u205f\u200aright\u205f\u200a
\n\u205f\u200a \u2022\u205f\u200a\u205f\u200aThat\u205f\u200a only\u205f\u200a if\u205f\u200a an\u205f\u200a embedded\u205f\u200a derivative\u205f\u200a in\u205f\u200a a\u205f\u200a
\nconvertible\u205f\u200aliability\u205f\u200ais\u205f\u200aitself\u205f\u200aan\u205f\u200aequity\u205f\u200ainstrument\u205f\u200a
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\nclassification\u205f\u200a
\n\u205f\u200a In\u205f\u200a addition,\u205f\u200a a\u205f\u200a requirement\u205f\u200a has\u205f\u200a been\u205f\u200a introduced\u205f\u200a
\nto\u205f\u200a require\u205f\u200adisclosure\u205f\u200a when\u205f\u200a a\u205f\u200a liability\u205f\u200a arising\u205f\u200a from\u205f\u200a
\na\u205f\u200a loan\u205f\u200a agreement\u205f\u200a is\u205f\u200a classified\u205f\u200a as\u205f\u200a non-current\u205f\u200a and\u205f\u200a
\nthe\u205f\u200aentity\u2019s\u205f\u200aright\u205f\u200ato\u205f\u200adefer\u205f\u200asettlement\u205f\u200ais\u205f\u200acontingent\u205f\u200a
\non compliance with future covenants within twelve
\nmonths.\u205f\u200aThe\u205f\u200a amendments\u205f\u200a are\u205f\u200aeffective\u205f\u200afor\u205f\u200aannual\u205f\u200a
\nreporting\u205f\u200a periods\u205f\u200a beginning\u205f\u200a on\u205f\u200a or\u205f\u200a after\u205f\u200a 1\u205f\u200a January\u205f\u200a
\n2024\u205f\u200aand\u205f\u200amust\u205f\u200abe\u205f\u200aapplied\u205f\u200aretrospectively.
\n
\n-\u205f\u200a In\u205f\u200aSeptember\u205f\u200a2022,\u205f\u200athe\u205f\u200aIASB\u205f\u200aissued\u205f\u200aamendments\u205f\u200ato\u205f\u200a
\nIFRS
\nG
\n\u205f\u200a16\u205f\u200ato\u205f\u200aspecify\u205f\u200athe\u205f\u200arequirements\u205f\u200athat\u205f\u200aa\u205f\u200aseller-
\nlessee uses in measuring the lease liability arising
\nin\u205f\u200aa\u205f\u200asale\u205f\u200aand\u205f\u200aleaseback\u205f\u200atransaction,\u205f\u200a to\u205f\u200aensure\u205f\u200athe\u205f\u200a
\nseller-lessee\u205f\u200a does\u205f\u200a not\u205f\u200a recognise\u205f\u200a any\u205f\u200a amount\u205f\u200a of\u205f\u200a
\nthe gain or loss that relates to the right of use
\nG
\n it
\nretains.\u205f\u200aThe\u205f\u200a amendments\u205f\u200aare\u205f\u200a effective\u205f\u200a for\u205f\u200aannual\u205f\u200a
\nreporting\u205f\u200a periods\u205f\u200a beginning\u205f\u200a on\u205f\u200a or\u205f\u200a after\u205f\u200a 1\u205f\u200a January\u205f\u200a
\n2024\u205f\u200aand\u205f\u200amust\u205f\u200aapplied\u205f\u200a retrospectively\u205f\u200a to\u205f\u200asale\u205f\u200aand\u205f\u200a
\nleaseback\u205f\u200atransactions\u205f\u200aentered\u205f\u200ainto\u205f\u200aafter\u205f\u200athe\u205f\u200adate\u205f\u200a
\nof initial application of IFRS
\nG
\n\u205f\u200a16.\u205f\u200aEarlier\u205f\u200aapplication\u205f\u200a
\nis\u205f\u200apermitted\u205f\u200aand\u205f\u200athat\u205f\u200afact\u205f\u200amust\u205f\u200abe\u205f\u200adisclosed.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNew IFRS
\nG
\n standards, amendments and interpretations
\nnot yet endorsed by the European Union:
\nThe\u205f\u200aGroup\u205f\u200adoes\u205f\u200anot\u205f\u200aexpect\u205f\u200athe\u205f\u200aadoption\u205f\u200aof\u205f\u200athe\u205f\u200astandards\u205f\u200a
\nand\u205f\u200aamendments\u205f\u200adescribed\u205f\u200a below\u205f\u200a to\u205f\u200a have\u205f\u200a a\u205f\u200amaterial\u205f\u200a
\nimpact\u205f\u200a on\u205f\u200a its\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a statements,\u205f\u200a nor\u205f\u200a
\ndoes\u205f\u200ait\u205f\u200aanticipate\u205f\u200athe\u205f\u200aearly\u205f\u200aadoption\u205f\u200aof\u205f\u200anew\u205f\u200aaccounting\u205f\u200a
\nstandards,\u205f\u200aamendments\u205f\u200aand\u205f\u200ainterpretations.
\n-\u205f\u200a On\u205f\u200a 25\u205f\u200a May\u205f\u200a 2023,\u205f\u200a the\u205f\u200a IASB\u205f\u200a issued\u205f\u200a amendments\u205f\u200a to\u205f\u200a
\nIAS
\nG
\n\u205f\u200a7\u205f\u200aand\u205f\u200aIFRS
\nG
\n\u205f\u200a7\u205f\u200a\u201cSupplier\u205f\u200aFinance\u205f\u200aArrangements\u201d:\u205f\u200a
\nthe\u205f\u200a amendments\u205f\u200a clarify\u205f\u200a the\u205f\u200a characteristics\u205f\u200a of\u205f\u200a
\nan\u205f\u200a arrangement\u205f\u200a for\u205f\u200a which\u205f\u200a an\u205f\u200a entity\u205f\u200a is\u205f\u200a required\u205f\u200a
\nto\u205f\u200a provide\u205f\u200a the\u205f\u200a information.\u205f\u200a They\u205f\u200a also\u205f\u200a require\u205f\u200a
\nentities\u205f\u200a to\u205f\u200a disclose\u205f\u200a information\u205f\u200a that\u205f\u200a allows\u205f\u200a users\u205f\u200a
\nto\u205f\u200aassess\u205f\u200ahow\u205f\u200asupplier\u205f\u200afinance\u205f\u200aarrangements\u205f\u200aaffect\u205f\u200a
\nan\u205f\u200a entity\u2019s\u205f\u200a liabilities,\u205f\u200a cash\u205f\u200a flows\u205f\u200a and\u205f\u200a exposure\u205f\u200a to\u205f\u200a
\nliquidity\u205f\u200arisk.\u205f\u200aSuch\u205f\u200ainformation\u205f\u200amay\u205f\u200aconsist\u205f\u200aof\u205f\u200athe\u205f\u200a
\nterms\u205f\u200aand\u205f\u200aconditions\u205f\u200aof\u205f\u200athese\u205f\u200aarrangements\u205f\u200aand\u205f\u200athe\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200asupplier\u205f\u200afinance\u205f\u200aarrangement\u205f\u200a
\nfinancial\u205f\u200aliabilities.\u205f\u200aThe\u205f\u200aamendments\u205f\u200awill\u205f\u200abe\u205f\u200aapplied\u205f\u200a
\nto\u205f\u200a annual\u205f\u200a reporting\u205f\u200a periods\u205f\u200a beginning\u205f\u200a on\u205f\u200a or\u205f\u200a after\u205f\u200a
\n1\u205f\u200aJanuary\u205f\u200a2024,\u205f\u200awith\u205f\u200aearly\u205f\u200aadoption\u205f\u200apermitted.
\n-\u205f\u200a On\u205f\u200a 25\u205f\u200a August\u205f\u200a 2023,\u205f\u200a the\u205f\u200a IASB\u205f\u200a issued\u205f\u200a amendments\u205f\u200a
\nto IAS
\nG
\n\u205f\u200a 21\u205f\u200a \u201cLack\u205f\u200a of\u205f\u200a Exchangeability\u201d.\u205f\u200a The\u205f\u200a
\namendments\u205f\u200a clarify\u205f\u200a how\u205f\u200a an\u205f\u200a entity\u205f\u200a should\u205f\u200a assess\u205f\u200a
\nwhether\u205f\u200a a\u205f\u200a currency\u205f\u200a is\u205f\u200a exchangeable,\u205f\u200a and\u205f\u200a how\u205f\u200a
\nit\u205f\u200a should\u205f\u200a determine\u205f\u200a a\u205f\u200a spot\u205f\u200a exchange\u205f\u200a rate\u205f\u200a when\u205f\u200a
\nexchangeability is lacking. They also explain how an
\nentity\u205f\u200ashould\u205f\u200aspecify\u205f\u200ainformation\u205f\u200adisclosures\u205f\u200aso\u205f\u200athat\u205f\u200a
\nthey\u205f\u200ahelp\u205f\u200ausers\u205f\u200aof\u205f\u200afinancial\u205f\u200astatements\u205f\u200aunderstand\u205f\u200a
\nthe impact of a currency that is not exchangeable.
\nThe\u205f\u200a amendments\u205f\u200a will\u205f\u200a be\u205f\u200a applied\u205f\u200a prospectively\u205f\u200a
\nto\u205f\u200a annual\u205f\u200a reporting\u205f\u200a periods\u205f\u200a beginning\u205f\u200a on\u205f\u200a or\u205f\u200a after\u205f\u200a
\n1\u205f\u200aJanuary\u205f\u200a2025,\u205f\u200awith\u205f\u200aearly\u205f\u200aadoption\u205f\u200apermitted.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag327": {
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"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag357": {
"value": "\nOn\u205f\u200a 27\u205f\u200a March\u205f\u200a 2024,\u205f\u200a the\u205f\u200aBoard\u205f\u200a of\u205f\u200a Directors\u205f\u200a approved\u205f\u200a
\nthe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag328": {
"value": "Luxembourg",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag329": {
"value": "\n1.3. Presentation of the consolidated financial
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\nThe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200a statements\u205f\u200a are\u205f\u200a presented\u205f\u200a
\nin\u205f\u200aeuros\u205f\u200a(EUR\u205f\u200aor\u205f\u200a\u20ac).
\nThey\u205f\u200aare\u205f\u200a prepared\u205f\u200a based\u205f\u200a on\u205f\u200a historical\u205f\u200acost\u205f\u200a with\u205f\u200athe\u205f\u200a
\nexception\u205f\u200aof\u205f\u200athe\u205f\u200afollowing\u205f\u200aassets:
\n-\u205f\u200a Biological\u205f\u200a assets\u205f\u200a (current)\u205f\u200a (IAS
\nG
\n 2, IAS
\nG
\n\u205f\u200a 41),\u205f\u200a
\nsecurities\u205f\u200a measured\u205f\u200a at\u205f\u200a fair\u205f\u200a value\u205f\u200a through\u205f\u200a other\u205f\u200a
\ncomprehensive income
\nG
\n,\u205f\u200aall\u205f\u200aof\u205f\u200awhich\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nat\u205f\u200afair\u205f\u200avalue;
\n-\u205f\u200a Property,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200aacquired\u205f\u200aas\u205f\u200apart\u205f\u200aof\u205f\u200aa\u205f\u200a
\nbusiness\u205f\u200acombination\u205f\u200a(IFRS
\nG
\n\u205f\u200a3),\u205f\u200awhich\u205f\u200aare\u205f\u200ameasured\u205f\u200a
\ninitially\u205f\u200aat\u205f\u200atheir\u205f\u200afair\u205f\u200avalue\u205f\u200aat\u205f\u200athe\u205f\u200adate\u205f\u200aof\u205f\u200aacquisition.
\nThe\u205f\u200aaccounting\u205f\u200aprinciples\u205f\u200aand\u205f\u200arules\u205f\u200aare\u205f\u200aapplied\u205f\u200a in\u205f\u200a a\u205f\u200a
\nconsistent\u205f\u200aand\u205f\u200apermanent\u205f\u200away\u205f\u200awithin\u205f\u200athe\u205f\u200aGroup.\u205f\u200aThe\u205f\u200a
\nconsolidated\u205f\u200a financial\u205f\u200a statements\u205f\u200a are\u205f\u200a prepared\u205f\u200a for\u205f\u200a
\nthe\u205f\u200a accounting\u205f\u200a year\u205f\u200a ending\u205f\u200a on\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a
\nand\u205f\u200aare\u205f\u200apresented\u205f\u200abefore\u205f\u200athe\u205f\u200aAnnual\u205f\u200aGeneral\u205f\u200aMeeting\u205f\u200a
\nof\u205f\u200a shareholders\u205f\u200a that\u205f\u200a approves\u205f\u200a the\u205f\u200a allocation\u205f\u200a of\u205f\u200a the\u205f\u200a
\nparent\u205f\u200acompany\u2019s\u205f\u200aincome.
\nAs\u205f\u200aof\u205f\u200a1\u205f\u200aJanuary\u205f\u200a2023,\u205f\u200athe\u205f\u200aGroup\u205f\u200aadopted\u205f\u200athe\u205f\u200afollowing\u205f\u200a
\namendments\u205f\u200a without\u205f\u200a any\u205f\u200a material\u205f\u200a impact\u205f\u200a on\u205f\u200a the\u205f\u200a
\nGroup\u2019s\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements:
\no IFRS
\nG
\n\u205f\u200a17\u205f\u200a\u201cInsurance\u205f\u200aContracts\u201d\u205f\u200aand\u205f\u200aits\u205f\u200aamendments:
\nestablishes principles for the recognition,
\nmeasurement\u205f\u200a and\u205f\u200a presentation\u205f\u200a of\u205f\u200a insurance\u205f\u200a
\ncontracts.\u205f\u200a Under\u205f\u200a IFRS
\nG
\n 17, insurance performance
\nshould\u205f\u200abe\u205f\u200ameasured\u205f\u200aat\u205f\u200aits\u205f\u200acurrent\u205f\u200aexecution\u205f\u200avalue\u205f\u200a
\nand\u205f\u200a provide\u205f\u200a a\u205f\u200a more\u205f\u200a consistent\u205f\u200a measurement\u205f\u200a and\u205f\u200a
\npresentation\u205f\u200a method\u205f\u200a for\u205f\u200a all\u205f\u200a types\u205f\u200a of\u205f\u200a insurance\u205f\u200a
\ncontracts. IFRS
\nG
\n 17 replaces IFRS
\nG
\n\u205f\u200a 4\u205f\u200a \u201cInsurance\u205f\u200a
\ncontracts\u201d\u205f\u200aand\u205f\u200aits\u205f\u200ainterpretations.
\no Amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 12\u205f\u200a \u201cDeferred\u205f\u200a Tax\u205f\u200a related
\nto\u205f\u200a Assets\u205f\u200a and\u205f\u200a Liabilities\u205f\u200a arising\u205f\u200a from\u205f\u200a a\u205f\u200a Single\u205f\u200a
\nTransaction\u201d:\u205f\u200a the\u205f\u200a amendments\u205f\u200a narrowed\u205f\u200a the\u205f\u200a
\nscope of the recognition exemption in paragraphs
\n15\u205f\u200a and\u205f\u200a 24\u205f\u200a of\u205f\u200a IAS
\nG
\n\u205f\u200a 12\u205f\u200a (recognition\u205f\u200a exemption)\u205f\u200a so\u205f\u200a
\nthat it no longer applies to transactions that, on
\ninitial\u205f\u200a recognition,\u205f\u200a give\u205f\u200a rise\u205f\u200a to\u205f\u200a equal\u205f\u200a taxable\u205f\u200a and\u205f\u200a
\ndeductible\u205f\u200atemporary\u205f\u200adifferences.
\no Amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 8\u205f\u200a Definition\u205f\u200a of\u205f\u200a Accounting
\nEstimates:\u205f\u200a the\u205f\u200a amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n 8 clarify
\nthe\u205f\u200a distinction\u205f\u200a between\u205f\u200a changes\u205f\u200a in\u205f\u200a accounting\u205f\u200a
\nestimates,\u205f\u200a changes\u205f\u200ain\u205f\u200a accounting\u205f\u200a policies\u205f\u200a and\u205f\u200a the\u205f\u200a
\ncorrection of errors. They also clarify how entities
\nuse\u205f\u200ameasurement\u205f\u200atechniques\u205f\u200aand\u205f\u200ainputs\u205f\u200ato\u205f\u200adevelop\u205f\u200a
\naccounting estimates.
\no Amendments\u205f\u200a to\u205f\u200a Amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 1\u205f\u200a and\u205f\u200a IFRS
\nG
\nPractice\u205f\u200a Statement\u205f\u200a 2\u205f\u200a \u205f\u200a Disclosure\u205f\u200a of\u205f\u200a Accounting\u205f\u200a
\nPolicies:\u205f\u200a the\u205f\u200a amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 1\u205f\u200a and\u205f\u200a IFRS
\nG
\n
\nPractice\u205f\u200aStatement\u205f\u200a2\u205f\u200aMaking\u205f\u200aMateriality\u205f\u200aJudgements\u205f\u200a
\nprovide\u205f\u200a guidance\u205f\u200a and\u205f\u200a examples\u205f\u200a to\u205f\u200a help\u205f\u200a entities\u205f\u200a
\napply\u205f\u200amateriality\u205f\u200ajudgements\u205f\u200ato\u205f\u200aaccounting\u205f\u200apolicy\u205f\u200a
\ndisclosures.\u205f\u200aThe\u205f\u200a amendments\u205f\u200aaim\u205f\u200a to\u205f\u200ahelp\u205f\u200a entities\u205f\u200a
\nprovide\u205f\u200aaccounting\u205f\u200apolicy\u205f\u200adisclosures\u205f\u200athat\u205f\u200aare\u205f\u200amore\u205f\u200a
\nuseful\u205f\u200aby\u205f\u200areplacing\u205f\u200athe\u205f\u200arequirement\u205f\u200afor\u205f\u200aentities\u205f\u200ato\u205f\u200a
\ndisclose\u205f\u200atheir\u205f\u200a\u2018significant\u2019\u205f\u200aaccounting\u205f\u200apolicies\u205f\u200awith\u205f\u200aa\u205f\u200a
\nrequirement\u205f\u200ato\u205f\u200adisclose\u205f\u200atheir\u205f\u200a\u2018material\u2019\u205f\u200aaccounting\u205f\u200a
\npolicies\u205f\u200aand\u205f\u200aadding\u205f\u200aguidance\u205f\u200aon\u205f\u200ahow\u205f\u200aentities\u205f\u200aapply\u205f\u200a
\nthe\u205f\u200a concept\u205f\u200a of\u205f\u200a materiality\u205f\u200a in\u205f\u200a making\u205f\u200a decisions\u205f\u200a
\nabout\u205f\u200aaccounting\u205f\u200apolicy\u205f\u200adisclosures.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\no Amendments\u205f\u200a to\u205f\u200a IAS
\nG
\n\u205f\u200a 12\u205f\u200a \u201cInternational\u205f\u200aTax\u205f\u200a Reform
\n\u2013\u205f\u200aPilar\u205f\u200aTwo\u205f\u200aModel\u205f\u200aRules\u201d:\u205f\u200aon\u205f\u200a23\u205f\u200aMay\u205f\u200a2023,\u205f\u200athe\u205f\u200aIASB\u205f\u200a
\nissued\u205f\u200aamendments\u205f\u200ato\u205f\u200aIAS
\nG
\n\u205f\u200a12\u205f\u200ain\u205f\u200aorder\u205f\u200a to\u205f\u200a respond\u205f\u200a
\nto concerns about the potential implications of
\nthe\u205f\u200aOECD\u205f\u200aPillar\u205f\u200aTwo\u205f\u200amodel\u205f\u200arules.\u205f\u200aThe\u205f\u200aamendments\u205f\u200a
\nintroduce,\u205f\u200ain\u205f\u200aIAS
\nG
\n\u205f\u200a12,\u205f\u200aa\u205f\u200amandatory\u205f\u200aexception\u205f\u200afrom\u205f\u200a
\nrecognising\u205f\u200a and\u205f\u200a disclosing\u205f\u200adeferred\u205f\u200a tax\u205f\u200aassets\u205f\u200a and\u205f\u200a
\nliabilities\u205f\u200arelated\u205f\u200ato\u205f\u200aPillar\u205f\u200aTwo\u205f\u200aincome\u205f\u200ataxes\u205f\u200aon\u205f\u200athe\u205f\u200a
\none\u205f\u200ahand,\u205f\u200aand\u205f\u200adisclosure\u205f\u200arequirements\u205f\u200aon\u205f\u200athe\u205f\u200aother.\u205f\u200a
\nThe\u205f\u200alatter\u205f\u200aare\u205f\u200aintended\u205f\u200afor\u205f\u200aaffected\u205f\u200aentities\u205f\u200ato\u205f\u200ahelp\u205f\u200a
\nusers\u205f\u200a of\u205f\u200a the\u205f\u200a financial\u205f\u200a statements\u205f\u200a have\u205f\u200a a\u205f\u200a better\u205f\u200a
\nunderstanding\u205f\u200aof\u205f\u200athe\u205f\u200aexposure\u205f\u200ato\u205f\u200aPillar\u205f\u200aTwo\u205f\u200aincome\u205f\u200a
\ntaxes that arise from that legislation, in particular
\nbefore\u205f\u200aits\u205f\u200aeffective\u205f\u200adate.\u205f\u200aThe\u205f\u200aconsequences\u205f\u200aof\u205f\u200athis\u205f\u200a
\namendment\u205f\u200aare\u205f\u200afurther\u205f\u200adisclosed\u205f\u200ain\u205f\u200aNote\u205f\u200a13.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag330": {
"value": "\n
\n
\n
\n
\n1.4. Consolidation principles
\nThe\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a statements\u205f\u200a include\u205f\u200a the\u205f\u200a
\nfinancial\u205f\u200astatements\u205f\u200aof\u205f\u200athe\u205f\u200aparent\u205f\u200acompany\u205f\u200aSocfinasia\u205f\u200a
\nas\u205f\u200awell\u205f\u200aas\u205f\u200athose\u205f\u200a of\u205f\u200a the\u205f\u200a companies\u205f\u200a controlled\u205f\u200a by\u205f\u200athe\u205f\u200a
\nparent\u205f\u200a (\"subsidiaries\")\u205f\u200a and\u205f\u200a those\u205f\u200a of\u205f\u200a the\u205f\u200a companies\u205f\u200a
\nin\u205f\u200a which\u205f\u200a Socfinasia\u205f\u200a exercises\u205f\u200a significant\u205f\u200a influence\u205f\u200a
\n(\"associates\"),\u205f\u200aall\u205f\u200aof\u205f\u200awhich\u205f\u200aconstitute\u205f\u200athe\u205f\u200a\u201cGroup\u201d.
\nAll\u205f\u200acompanies\u205f\u200aincluded\u205f\u200ain\u205f\u200athe\u205f\u200ascope\u205f\u200aof\u205f\u200aconsolidation\u205f\u200a
\nas\u205f\u200a of\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023\u205f\u200a close\u205f\u200a their\u205f\u200a accounts\u205f\u200a on\u205f\u200a
\n31\u205f\u200aDecember.
\n\na) Subsidiaries
\nIn\u205f\u200aaccordance\u205f\u200awith\u205f\u200aIFRS
\nG
\n 10, an investor has control
\nwhen\u205f\u200ait\u205f\u200afulfills\u205f\u200athree\u205f\u200aconditions:
\n1)\u205f\u200ait\u205f\u200aholds\u205f\u200apower\u205f\u200aover\u205f\u200athe\u205f\u200aentity;
\n2)\u205f\u200a\u205f\u200ait\u205f\u200a is\u205f\u200a entitled\u205f\u200a to\u205f\u200a or\u205f\u200a is\u205f\u200aexposed\u205f\u200a to\u205f\u200a variable\u205f\u200a returns\u205f\u200a
\nfrom\u205f\u200aits\u205f\u200ainvolvement;
\n3)\u205f\u200a\u205f\u200ait\u205f\u200ahas\u205f\u200athe\u205f\u200aability\u205f\u200ato\u205f\u200ause\u205f\u200aits\u205f\u200apower\u205f\u200aover\u205f\u200athe\u205f\u200aentity\u205f\u200ato\u205f\u200a
\naffect\u205f\u200areturns.
\nCurrently,\u205f\u200athe\u205f\u200aGroup\u205f\u200aholds\u205f\u200athe\u205f\u200amajority\u205f\u200aof\u205f\u200athe\u205f\u200avoting\u205f\u200a
\nrights in the entities.
\nIncome\u205f\u200a and\u205f\u200a expenses\u205f\u200a from\u205f\u200a subsidiaries\u205f\u200a acquired\u205f\u200a or\u205f\u200a
\nsold\u205f\u200aduring\u205f\u200athe\u205f\u200ayear\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200athe\u205f\u200aconsolidated\u205f\u200a
\nincome\u205f\u200a statement,\u205f\u200a respectively,\u205f\u200a from\u205f\u200a the\u205f\u200a date\u205f\u200a of\u205f\u200a
\nacquisition\u205f\u200ato\u205f\u200athe\u205f\u200adate\u205f\u200aof\u205f\u200adisposal.
\nProfit\u205f\u200aor\u205f\u200aloss\u205f\u200aand\u205f\u200acomponents\u205f\u200aof\u205f\u200aother\u205f\u200acomprehensive\u205f\u200a
\nincome
\nG
\n\u205f\u200a are\u205f\u200a attributed\u205f\u200a to\u205f\u200a the\u205f\u200a equity\u205f\u200a holders\u205f\u200a of\u205f\u200a
\nthe\u205f\u200a parent\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200a and\u205f\u200a to\u205f\u200a the\u205f\u200a non-controlling\u205f\u200a
\ninterests
\nG
\n, even if this results in the non-controlling
\ninterests
\nG
\n\u205f\u200ahaving\u205f\u200aa\u205f\u200adeficit\u205f\u200abalance.
\nWhere\u205f\u200a appropriate,\u205f\u200a restatements\u205f\u200a are\u205f\u200a made\u205f\u200a to\u205f\u200a the\u205f\u200a
\nfinancial\u205f\u200a statements\u205f\u200a of\u205f\u200a the\u205f\u200a subsidiaries\u205f\u200a to\u205f\u200a align\u205f\u200a the\u205f\u200a
\naccounting\u205f\u200aprinciples\u205f\u200aused\u205f\u200awith\u205f\u200athose\u205f\u200aof\u205f\u200athe\u205f\u200aGroup.
\nAll\u205f\u200a intra-group\u205f\u200a balances\u205f\u200a and\u205f\u200a transactions\u205f\u200a are\u205f\u200a
\neliminated\u205f\u200aupon\u205f\u200aconsolidation.
\nIf\u205f\u200a the\u205f\u200a Group\u205f\u200a loses\u205f\u200a control\u205f\u200a over\u205f\u200a a\u205f\u200a subsidiary,\u205f\u200a it\u205f\u200a
\nderecognises\u205f\u200athe\u205f\u200arelated\u205f\u200aassets\u205f\u200a (including\u205f\u200a goodwill),\u205f\u200a
\nliabilities, non-controlling interest
\nG
\n\u205f\u200a and\u205f\u200a other\u205f\u200a
\ncomponents\u205f\u200a of\u205f\u200a equity.\u205f\u200a Any\u205f\u200a residual\u205f\u200a gain\u205f\u200a or\u205f\u200a loss\u205f\u200a is\u205f\u200a
\nrecognised\u205f\u200a in\u205f\u200a profit\u205f\u200a or\u205f\u200a loss,\u205f\u200a while\u205f\u200a any\u205f\u200a investment\u205f\u200a
\nretained\u205f\u200ais\u205f\u200arecognised\u205f\u200aat\u205f\u200afair\u205f\u200avalue.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
\n
\n
\n\n
\n\n
\n\nb) Investments in associates and joint ventures
\nAn associate is a company over which the Group
\nexercises\u205f\u200asignificant\u205f\u200ainfluence\u205f\u200athrough\u205f\u200aits\u205f\u200aparticipation\u205f\u200ain\u205f\u200a
\nthe\u205f\u200afinancial\u205f\u200aand\u205f\u200aoperational\u205f\u200adecisions\u205f\u200aof\u205f\u200athis\u205f\u200acompany,\u205f\u200a
\nbut\u205f\u200aover\u205f\u200awhich\u205f\u200ait\u205f\u200ahas\u205f\u200ano\u205f\u200acontrol.\u205f\u200aSignificant\u205f\u200ainfluence\u205f\u200ais\u205f\u200a
\npresumed\u205f\u200a when\u205f\u200a the\u205f\u200a Group\u205f\u200a holds,\u205f\u200adirectly\u205f\u200a or\u205f\u200a indirectly\u205f\u200a
\nthrough\u205f\u200aits\u205f\u200asubsidiaries,\u205f\u200abetween\u205f\u200a20%\u205f\u200aand\u205f\u200a50%\u205f\u200aof\u205f\u200athe\u205f\u200avoting\u205f\u200a
\nrights. A joint venture is a joint arrangement whereby the
\nparties that have joint control of the arrangement have
\nrights to the net assets of the arrangement. Joint control
\nis\u205f\u200a the\u205f\u200a contractually\u205f\u200a agreed\u205f\u200a sharing\u205f\u200a of\u205f\u200a control\u205f\u200a of\u205f\u200a an\u205f\u200a
\narrangement\u205f\u200a (i.e.\u205f\u200a decisions\u205f\u200a require\u205f\u200a unanimous\u205f\u200aconsent\u205f\u200a
\nof\u205f\u200athe\u205f\u200aparties\u205f\u200asharing\u205f\u200acontrol).
\nAssociates\u205f\u200a and\u205f\u200a joint\u205f\u200a ventures\u205f\u200a are\u205f\u200aaccounted\u205f\u200a for\u205f\u200ausing\u205f\u200a
\nthe\u205f\u200a equity\u205f\u200a method.\u205f\u200a Under\u205f\u200a this\u205f\u200a method,\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\ninterest\u205f\u200a in\u205f\u200a the\u205f\u200a associate\u205f\u200a and\u205f\u200a joint\u205f\u200a venture\u205f\u200a is\u205f\u200a initially\u205f\u200a
\nrecognised\u205f\u200aat\u205f\u200acost\u205f\u200ain\u205f\u200athe\u205f\u200astatement\u205f\u200aof\u205f\u200afinancial\u205f\u200aposition\u205f\u200a
\nand\u205f\u200a subsequently\u205f\u200a adjusted\u205f\u200a to\u205f\u200a recognise\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200a of\u205f\u200a movements\u205f\u200a in\u205f\u200a profit\u205f\u200a and\u205f\u200a loss\u205f\u200a and\u205f\u200a other\u205f\u200a
\ncomprehensive income
\nG
\n.
\nThe\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a statement\u205f\u200a reflects\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200ain\u205f\u200athe\u205f\u200aresults\u205f\u200aof\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u2019s\u205f\u200a
\noperations. Any change in other comprehensive income
\nG
\n
\nof\u205f\u200athose\u205f\u200ainvestees\u205f\u200ais\u205f\u200apresented\u205f\u200aas\u205f\u200a part\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nother comprehensive income
\nG
\n.\u205f\u200a Unrealised\u205f\u200a gains\u205f\u200a and\u205f\u200a
\nlosses resulting from transactions between the Group
\nand\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u205f\u200aare\u205f\u200aeliminated\u205f\u200ato\u205f\u200athe\u205f\u200a
\nextent of the interest in the associate or joint venture.
\nInvestments\u205f\u200ain\u205f\u200aassociates\u205f\u200aand\u205f\u200ajoint\u205f\u200aventures\u205f\u200aare\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200athe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements\u205f\u200ausing\u205f\u200athe\u205f\u200aequity\u205f\u200a
\nmethod\u205f\u200a from\u205f\u200a the\u205f\u200a date\u205f\u200a on\u205f\u200a which\u205f\u200a significant\u205f\u200a influence\u205f\u200a
\nbegins\u205f\u200a until\u205f\u200a the\u205f\u200a date\u205f\u200a when\u205f\u200a this\u205f\u200a influence\u205f\u200a ceases.\u205f\u200a The\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200aof\u205f\u200apositive\u205f\u200agoodwill\u205f\u200athat\u205f\u200aresults\u205f\u200afrom\u205f\u200athe\u205f\u200a
\nacquisition\u205f\u200aof\u205f\u200aassociates\u205f\u200a and\u205f\u200ajoint\u205f\u200aventures\u205f\u200ais\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200a the\u205f\u200a carrying\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a investment\u205f\u200a and\u205f\u200a is\u205f\u200a not\u205f\u200a
\ntested\u205f\u200a for\u205f\u200a impairment\u205f\u200a separately.\u205f\u200a An\u205f\u200a impairment\u205f\u200a test\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n
\n\n
\n
\n\nis\u205f\u200a performed\u205f\u200a if\u205f\u200a an\u205f\u200a objective\u205f\u200a indication\u205f\u200a of\u205f\u200a impairment\u205f\u200a
\nis\u205f\u200aidentified.\u205f\u200a Impairment\u205f\u200ais\u205f\u200arecognised,\u205f\u200a if\u205f\u200anecessary,\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200aunder\u205f\u200athe\u205f\u200aheading\u205f\u200a\u201cShare\u205f\u200aof\u205f\u200athe\u205f\u200a
\nGroup in the result from associates\u201d.
\nThe\u205f\u200a list\u205f\u200a of\u205f\u200a subsidiaries\u205f\u200a and\u205f\u200a associated\u205f\u200a companies\u205f\u200a
\n(including\u205f\u200ajoint\u205f\u200a ventures)\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200ais\u205f\u200a presented\u205f\u200ain\u205f\u200a
\nnote 2.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag331": {
"value": "\na) Subsidiaries
\nIn\u205f\u200aaccordance\u205f\u200awith\u205f\u200aIFRS
\nG
\n 10, an investor has control
\nwhen\u205f\u200ait\u205f\u200afulfills\u205f\u200athree\u205f\u200aconditions:
\n1)\u205f\u200ait\u205f\u200aholds\u205f\u200apower\u205f\u200aover\u205f\u200athe\u205f\u200aentity;
\n2)\u205f\u200a\u205f\u200ait\u205f\u200a is\u205f\u200a entitled\u205f\u200a to\u205f\u200a or\u205f\u200a is\u205f\u200aexposed\u205f\u200a to\u205f\u200a variable\u205f\u200a returns\u205f\u200a
\nfrom\u205f\u200aits\u205f\u200ainvolvement;
\n3)\u205f\u200a\u205f\u200ait\u205f\u200ahas\u205f\u200athe\u205f\u200aability\u205f\u200ato\u205f\u200ause\u205f\u200aits\u205f\u200apower\u205f\u200aover\u205f\u200athe\u205f\u200aentity\u205f\u200ato\u205f\u200a
\naffect\u205f\u200areturns.
\nCurrently,\u205f\u200athe\u205f\u200aGroup\u205f\u200aholds\u205f\u200athe\u205f\u200amajority\u205f\u200aof\u205f\u200athe\u205f\u200avoting\u205f\u200a
\nrights in the entities.
\nIncome\u205f\u200a and\u205f\u200a expenses\u205f\u200a from\u205f\u200a subsidiaries\u205f\u200a acquired\u205f\u200a or\u205f\u200a
\nsold\u205f\u200aduring\u205f\u200athe\u205f\u200ayear\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200athe\u205f\u200aconsolidated\u205f\u200a
\nincome\u205f\u200a statement,\u205f\u200a respectively,\u205f\u200a from\u205f\u200a the\u205f\u200a date\u205f\u200a of\u205f\u200a
\nacquisition\u205f\u200ato\u205f\u200athe\u205f\u200adate\u205f\u200aof\u205f\u200adisposal.
\nProfit\u205f\u200aor\u205f\u200aloss\u205f\u200aand\u205f\u200acomponents\u205f\u200aof\u205f\u200aother\u205f\u200acomprehensive\u205f\u200a
\nincome
\nG
\n\u205f\u200a are\u205f\u200a attributed\u205f\u200a to\u205f\u200a the\u205f\u200a equity\u205f\u200a holders\u205f\u200a of\u205f\u200a
\nthe\u205f\u200a parent\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200a and\u205f\u200a to\u205f\u200a the\u205f\u200a non-controlling\u205f\u200a
\ninterests
\nG
\n, even if this results in the non-controlling
\ninterests
\nG
\n\u205f\u200ahaving\u205f\u200aa\u205f\u200adeficit\u205f\u200abalance.
\nWhere\u205f\u200a appropriate,\u205f\u200a restatements\u205f\u200a are\u205f\u200a made\u205f\u200a to\u205f\u200a the\u205f\u200a
\nfinancial\u205f\u200a statements\u205f\u200a of\u205f\u200a the\u205f\u200a subsidiaries\u205f\u200a to\u205f\u200a align\u205f\u200a the\u205f\u200a
\naccounting\u205f\u200aprinciples\u205f\u200aused\u205f\u200awith\u205f\u200athose\u205f\u200aof\u205f\u200athe\u205f\u200aGroup.
\nAll\u205f\u200a intra-group\u205f\u200a balances\u205f\u200a and\u205f\u200a transactions\u205f\u200a are\u205f\u200a
\neliminated\u205f\u200aupon\u205f\u200aconsolidation.
\nIf\u205f\u200a the\u205f\u200a Group\u205f\u200a loses\u205f\u200a control\u205f\u200a over\u205f\u200a a\u205f\u200a subsidiary,\u205f\u200a it\u205f\u200a
\nderecognises\u205f\u200athe\u205f\u200arelated\u205f\u200aassets\u205f\u200a (including\u205f\u200a goodwill),\u205f\u200a
\nliabilities, non-controlling interest
\nG
\n\u205f\u200a and\u205f\u200a other\u205f\u200a
\ncomponents\u205f\u200a of\u205f\u200a equity.\u205f\u200a Any\u205f\u200a residual\u205f\u200a gain\u205f\u200a or\u205f\u200a loss\u205f\u200a is\u205f\u200a
\nrecognised\u205f\u200a in\u205f\u200a profit\u205f\u200a or\u205f\u200a loss,\u205f\u200a while\u205f\u200a any\u205f\u200a investment\u205f\u200a
\nretained\u205f\u200ais\u205f\u200arecognised\u205f\u200aat\u205f\u200afair\u205f\u200avalue.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag332": {
"value": "\n
\n\n
\n\nb) Investments in associates and joint ventures
\nAn associate is a company over which the Group
\nexercises\u205f\u200asignificant\u205f\u200ainfluence\u205f\u200athrough\u205f\u200aits\u205f\u200aparticipation\u205f\u200ain\u205f\u200a
\nthe\u205f\u200afinancial\u205f\u200aand\u205f\u200aoperational\u205f\u200adecisions\u205f\u200aof\u205f\u200athis\u205f\u200acompany,\u205f\u200a
\nbut\u205f\u200aover\u205f\u200awhich\u205f\u200ait\u205f\u200ahas\u205f\u200ano\u205f\u200acontrol.\u205f\u200aSignificant\u205f\u200ainfluence\u205f\u200ais\u205f\u200a
\npresumed\u205f\u200a when\u205f\u200a the\u205f\u200a Group\u205f\u200a holds,\u205f\u200adirectly\u205f\u200a or\u205f\u200a indirectly\u205f\u200a
\nthrough\u205f\u200aits\u205f\u200asubsidiaries,\u205f\u200abetween\u205f\u200a20%\u205f\u200aand\u205f\u200a50%\u205f\u200aof\u205f\u200athe\u205f\u200avoting\u205f\u200a
\nrights. A joint venture is a joint arrangement whereby the
\nparties that have joint control of the arrangement have
\nrights to the net assets of the arrangement. Joint control
\nis\u205f\u200a the\u205f\u200a contractually\u205f\u200a agreed\u205f\u200a sharing\u205f\u200a of\u205f\u200a control\u205f\u200a of\u205f\u200a an\u205f\u200a
\narrangement\u205f\u200a (i.e.\u205f\u200a decisions\u205f\u200a require\u205f\u200a unanimous\u205f\u200aconsent\u205f\u200a
\nof\u205f\u200athe\u205f\u200aparties\u205f\u200asharing\u205f\u200acontrol).
\nAssociates\u205f\u200a and\u205f\u200a joint\u205f\u200a ventures\u205f\u200a are\u205f\u200aaccounted\u205f\u200a for\u205f\u200ausing\u205f\u200a
\nthe\u205f\u200a equity\u205f\u200a method.\u205f\u200a Under\u205f\u200a this\u205f\u200a method,\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\ninterest\u205f\u200a in\u205f\u200a the\u205f\u200a associate\u205f\u200a and\u205f\u200a joint\u205f\u200a venture\u205f\u200a is\u205f\u200a initially\u205f\u200a
\nrecognised\u205f\u200aat\u205f\u200acost\u205f\u200ain\u205f\u200athe\u205f\u200astatement\u205f\u200aof\u205f\u200afinancial\u205f\u200aposition\u205f\u200a
\nand\u205f\u200a subsequently\u205f\u200a adjusted\u205f\u200a to\u205f\u200a recognise\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200a of\u205f\u200a movements\u205f\u200a in\u205f\u200a profit\u205f\u200a and\u205f\u200a loss\u205f\u200a and\u205f\u200a other\u205f\u200a
\ncomprehensive income
\nG
\n.
\nThe\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a statement\u205f\u200a reflects\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200ain\u205f\u200athe\u205f\u200aresults\u205f\u200aof\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u2019s\u205f\u200a
\noperations. Any change in other comprehensive income
\nG
\n
\nof\u205f\u200athose\u205f\u200ainvestees\u205f\u200ais\u205f\u200apresented\u205f\u200aas\u205f\u200a part\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nother comprehensive income
\nG
\n.\u205f\u200a Unrealised\u205f\u200a gains\u205f\u200a and\u205f\u200a
\nlosses resulting from transactions between the Group
\nand\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u205f\u200aare\u205f\u200aeliminated\u205f\u200ato\u205f\u200athe\u205f\u200a
\nextent of the interest in the associate or joint venture.
\nInvestments\u205f\u200ain\u205f\u200aassociates\u205f\u200aand\u205f\u200ajoint\u205f\u200aventures\u205f\u200aare\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200athe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements\u205f\u200ausing\u205f\u200athe\u205f\u200aequity\u205f\u200a
\nmethod\u205f\u200a from\u205f\u200a the\u205f\u200a date\u205f\u200a on\u205f\u200a which\u205f\u200a significant\u205f\u200a influence\u205f\u200a
\nbegins\u205f\u200a until\u205f\u200a the\u205f\u200a date\u205f\u200a when\u205f\u200a this\u205f\u200a influence\u205f\u200a ceases.\u205f\u200a The\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200aof\u205f\u200apositive\u205f\u200agoodwill\u205f\u200athat\u205f\u200aresults\u205f\u200afrom\u205f\u200athe\u205f\u200a
\nacquisition\u205f\u200aof\u205f\u200aassociates\u205f\u200a and\u205f\u200ajoint\u205f\u200aventures\u205f\u200ais\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200a the\u205f\u200a carrying\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a investment\u205f\u200a and\u205f\u200a is\u205f\u200a not\u205f\u200a
\ntested\u205f\u200a for\u205f\u200a impairment\u205f\u200a separately.\u205f\u200a An\u205f\u200a impairment\u205f\u200a test\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n
\n
\n\nis\u205f\u200a performed\u205f\u200a if\u205f\u200a an\u205f\u200a objective\u205f\u200a indication\u205f\u200a of\u205f\u200a impairment\u205f\u200a
\nis\u205f\u200aidentified.\u205f\u200a Impairment\u205f\u200ais\u205f\u200arecognised,\u205f\u200a if\u205f\u200anecessary,\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200aunder\u205f\u200athe\u205f\u200aheading\u205f\u200a\u201cShare\u205f\u200aof\u205f\u200athe\u205f\u200a
\nGroup in the result from associates\u201d.
\nThe\u205f\u200a list\u205f\u200a of\u205f\u200a subsidiaries\u205f\u200a and\u205f\u200a associated\u205f\u200a companies\u205f\u200a
\n(including\u205f\u200ajoint\u205f\u200a ventures)\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200ais\u205f\u200a presented\u205f\u200ain\u205f\u200a
\nnote 2.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag333": {
"value": "\n
\n\nb) Investments in associates and joint ventures
\nAn associate is a company over which the Group
\nexercises\u205f\u200asignificant\u205f\u200ainfluence\u205f\u200athrough\u205f\u200aits\u205f\u200aparticipation\u205f\u200ain\u205f\u200a
\nthe\u205f\u200afinancial\u205f\u200aand\u205f\u200aoperational\u205f\u200adecisions\u205f\u200aof\u205f\u200athis\u205f\u200acompany,\u205f\u200a
\nbut\u205f\u200aover\u205f\u200awhich\u205f\u200ait\u205f\u200ahas\u205f\u200ano\u205f\u200acontrol.\u205f\u200aSignificant\u205f\u200ainfluence\u205f\u200ais\u205f\u200a
\npresumed\u205f\u200a when\u205f\u200a the\u205f\u200a Group\u205f\u200a holds,\u205f\u200adirectly\u205f\u200a or\u205f\u200a indirectly\u205f\u200a
\nthrough\u205f\u200aits\u205f\u200asubsidiaries,\u205f\u200abetween\u205f\u200a20%\u205f\u200aand\u205f\u200a50%\u205f\u200aof\u205f\u200athe\u205f\u200avoting\u205f\u200a
\nrights. A joint venture is a joint arrangement whereby the
\nparties that have joint control of the arrangement have
\nrights to the net assets of the arrangement. Joint control
\nis\u205f\u200a the\u205f\u200a contractually\u205f\u200a agreed\u205f\u200a sharing\u205f\u200a of\u205f\u200a control\u205f\u200a of\u205f\u200a an\u205f\u200a
\narrangement\u205f\u200a (i.e.\u205f\u200a decisions\u205f\u200a require\u205f\u200a unanimous\u205f\u200aconsent\u205f\u200a
\nof\u205f\u200athe\u205f\u200aparties\u205f\u200asharing\u205f\u200acontrol).
\nAssociates\u205f\u200a and\u205f\u200a joint\u205f\u200a ventures\u205f\u200a are\u205f\u200aaccounted\u205f\u200a for\u205f\u200ausing\u205f\u200a
\nthe\u205f\u200a equity\u205f\u200a method.\u205f\u200a Under\u205f\u200a this\u205f\u200a method,\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\ninterest\u205f\u200a in\u205f\u200a the\u205f\u200a associate\u205f\u200a and\u205f\u200a joint\u205f\u200a venture\u205f\u200a is\u205f\u200a initially\u205f\u200a
\nrecognised\u205f\u200aat\u205f\u200acost\u205f\u200ain\u205f\u200athe\u205f\u200astatement\u205f\u200aof\u205f\u200afinancial\u205f\u200aposition\u205f\u200a
\nand\u205f\u200a subsequently\u205f\u200a adjusted\u205f\u200a to\u205f\u200a recognise\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200a of\u205f\u200a movements\u205f\u200a in\u205f\u200a profit\u205f\u200a and\u205f\u200a loss\u205f\u200a and\u205f\u200a other\u205f\u200a
\ncomprehensive income
\nG
\n.
\nThe\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a statement\u205f\u200a reflects\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200ain\u205f\u200athe\u205f\u200aresults\u205f\u200aof\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u2019s\u205f\u200a
\noperations. Any change in other comprehensive income
\nG
\n
\nof\u205f\u200athose\u205f\u200ainvestees\u205f\u200ais\u205f\u200apresented\u205f\u200aas\u205f\u200a part\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nother comprehensive income
\nG
\n.\u205f\u200a Unrealised\u205f\u200a gains\u205f\u200a and\u205f\u200a
\nlosses resulting from transactions between the Group
\nand\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u205f\u200aare\u205f\u200aeliminated\u205f\u200ato\u205f\u200athe\u205f\u200a
\nextent of the interest in the associate or joint venture.
\nInvestments\u205f\u200ain\u205f\u200aassociates\u205f\u200aand\u205f\u200ajoint\u205f\u200aventures\u205f\u200aare\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200athe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements\u205f\u200ausing\u205f\u200athe\u205f\u200aequity\u205f\u200a
\nmethod\u205f\u200a from\u205f\u200a the\u205f\u200a date\u205f\u200a on\u205f\u200a which\u205f\u200a significant\u205f\u200a influence\u205f\u200a
\nbegins\u205f\u200a until\u205f\u200a the\u205f\u200a date\u205f\u200a when\u205f\u200a this\u205f\u200a influence\u205f\u200a ceases.\u205f\u200a The\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200aof\u205f\u200apositive\u205f\u200agoodwill\u205f\u200athat\u205f\u200aresults\u205f\u200afrom\u205f\u200athe\u205f\u200a
\nacquisition\u205f\u200aof\u205f\u200aassociates\u205f\u200a and\u205f\u200ajoint\u205f\u200aventures\u205f\u200ais\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200a the\u205f\u200a carrying\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a investment\u205f\u200a and\u205f\u200a is\u205f\u200a not\u205f\u200a
\ntested\u205f\u200a for\u205f\u200a impairment\u205f\u200a separately.\u205f\u200a An\u205f\u200a impairment\u205f\u200a test\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\nis\u205f\u200a performed\u205f\u200a if\u205f\u200a an\u205f\u200a objective\u205f\u200a indication\u205f\u200a of\u205f\u200a impairment\u205f\u200a
\nis\u205f\u200aidentified.\u205f\u200a Impairment\u205f\u200ais\u205f\u200arecognised,\u205f\u200a if\u205f\u200anecessary,\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200aunder\u205f\u200athe\u205f\u200aheading\u205f\u200a\u201cShare\u205f\u200aof\u205f\u200athe\u205f\u200a
\nGroup in the result from associates\u201d.
\nThe\u205f\u200a list\u205f\u200a of\u205f\u200a subsidiaries\u205f\u200a and\u205f\u200a associated\u205f\u200a companies\u205f\u200a
\n(including\u205f\u200ajoint\u205f\u200a ventures)\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200ais\u205f\u200a presented\u205f\u200ain\u205f\u200a
\nnote 2.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag334": {
"value": "\nb) Investments in associates and joint ventures
\nAn associate is a company over which the Group
\nexercises\u205f\u200asignificant\u205f\u200ainfluence\u205f\u200athrough\u205f\u200aits\u205f\u200aparticipation\u205f\u200ain\u205f\u200a
\nthe\u205f\u200afinancial\u205f\u200aand\u205f\u200aoperational\u205f\u200adecisions\u205f\u200aof\u205f\u200athis\u205f\u200acompany,\u205f\u200a
\nbut\u205f\u200aover\u205f\u200awhich\u205f\u200ait\u205f\u200ahas\u205f\u200ano\u205f\u200acontrol.\u205f\u200aSignificant\u205f\u200ainfluence\u205f\u200ais\u205f\u200a
\npresumed\u205f\u200a when\u205f\u200a the\u205f\u200a Group\u205f\u200a holds,\u205f\u200adirectly\u205f\u200a or\u205f\u200a indirectly\u205f\u200a
\nthrough\u205f\u200aits\u205f\u200asubsidiaries,\u205f\u200abetween\u205f\u200a20%\u205f\u200aand\u205f\u200a50%\u205f\u200aof\u205f\u200athe\u205f\u200avoting\u205f\u200a
\nrights. A joint venture is a joint arrangement whereby the
\nparties that have joint control of the arrangement have
\nrights to the net assets of the arrangement. Joint control
\nis\u205f\u200a the\u205f\u200a contractually\u205f\u200a agreed\u205f\u200a sharing\u205f\u200a of\u205f\u200a control\u205f\u200a of\u205f\u200a an\u205f\u200a
\narrangement\u205f\u200a (i.e.\u205f\u200a decisions\u205f\u200a require\u205f\u200a unanimous\u205f\u200aconsent\u205f\u200a
\nof\u205f\u200athe\u205f\u200aparties\u205f\u200asharing\u205f\u200acontrol).
\nAssociates\u205f\u200a and\u205f\u200a joint\u205f\u200a ventures\u205f\u200a are\u205f\u200aaccounted\u205f\u200a for\u205f\u200ausing\u205f\u200a
\nthe\u205f\u200a equity\u205f\u200a method.\u205f\u200a Under\u205f\u200a this\u205f\u200a method,\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\ninterest\u205f\u200a in\u205f\u200a the\u205f\u200a associate\u205f\u200a and\u205f\u200a joint\u205f\u200a venture\u205f\u200a is\u205f\u200a initially\u205f\u200a
\nrecognised\u205f\u200aat\u205f\u200acost\u205f\u200ain\u205f\u200athe\u205f\u200astatement\u205f\u200aof\u205f\u200afinancial\u205f\u200aposition\u205f\u200a
\nand\u205f\u200a subsequently\u205f\u200a adjusted\u205f\u200a to\u205f\u200a recognise\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200a of\u205f\u200a movements\u205f\u200a in\u205f\u200a profit\u205f\u200a and\u205f\u200a loss\u205f\u200a and\u205f\u200a other\u205f\u200a
\ncomprehensive income
\nG
\n.
\nThe\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a statement\u205f\u200a reflects\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nshare\u205f\u200ain\u205f\u200athe\u205f\u200aresults\u205f\u200aof\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u2019s\u205f\u200a
\noperations. Any change in other comprehensive income
\nG
\n
\nof\u205f\u200athose\u205f\u200ainvestees\u205f\u200ais\u205f\u200apresented\u205f\u200aas\u205f\u200a part\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nother comprehensive income
\nG
\n.\u205f\u200a Unrealised\u205f\u200a gains\u205f\u200a and\u205f\u200a
\nlosses resulting from transactions between the Group
\nand\u205f\u200athe\u205f\u200aassociate\u205f\u200aor\u205f\u200ajoint\u205f\u200aventure\u205f\u200aare\u205f\u200aeliminated\u205f\u200ato\u205f\u200athe\u205f\u200a
\nextent of the interest in the associate or joint venture.
\nInvestments\u205f\u200ain\u205f\u200aassociates\u205f\u200aand\u205f\u200ajoint\u205f\u200aventures\u205f\u200aare\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200athe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements\u205f\u200ausing\u205f\u200athe\u205f\u200aequity\u205f\u200a
\nmethod\u205f\u200a from\u205f\u200a the\u205f\u200a date\u205f\u200a on\u205f\u200a which\u205f\u200a significant\u205f\u200a influence\u205f\u200a
\nbegins\u205f\u200a until\u205f\u200a the\u205f\u200a date\u205f\u200a when\u205f\u200a this\u205f\u200a influence\u205f\u200a ceases.\u205f\u200a The\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200aof\u205f\u200apositive\u205f\u200agoodwill\u205f\u200athat\u205f\u200aresults\u205f\u200afrom\u205f\u200athe\u205f\u200a
\nacquisition\u205f\u200aof\u205f\u200aassociates\u205f\u200a and\u205f\u200ajoint\u205f\u200aventures\u205f\u200ais\u205f\u200aincluded\u205f\u200a
\nin\u205f\u200a the\u205f\u200a carrying\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a investment\u205f\u200a and\u205f\u200a is\u205f\u200a not\u205f\u200a
\ntested\u205f\u200a for\u205f\u200a impairment\u205f\u200a separately.\u205f\u200a An\u205f\u200a impairment\u205f\u200a test\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nis\u205f\u200a performed\u205f\u200a if\u205f\u200a an\u205f\u200a objective\u205f\u200a indication\u205f\u200a of\u205f\u200a impairment\u205f\u200a
\nis\u205f\u200aidentified.\u205f\u200a Impairment\u205f\u200ais\u205f\u200arecognised,\u205f\u200a if\u205f\u200anecessary,\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200aunder\u205f\u200athe\u205f\u200aheading\u205f\u200a\u201cShare\u205f\u200aof\u205f\u200athe\u205f\u200a
\nGroup in the result from associates\u201d.
\nThe\u205f\u200a list\u205f\u200a of\u205f\u200a subsidiaries\u205f\u200a and\u205f\u200a associated\u205f\u200a companies\u205f\u200a
\n(including\u205f\u200ajoint\u205f\u200a ventures)\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200ais\u205f\u200a presented\u205f\u200ain\u205f\u200a
\nnote 2.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag335": {
"value": "\n1.5. Changes in accounting policies, errors and
\nchanges in estimates
\nA change in accounting policy is applicable only
\nif\u205f\u200a it\u205f\u200a meets\u205f\u200a the\u205f\u200a requirements\u205f\u200a of\u205f\u200a a\u205f\u200a standard\u205f\u200a or\u205f\u200a an\u205f\u200a
\ninterpretation\u205f\u200a or\u205f\u200a allows\u205f\u200a more\u205f\u200a reliable\u205f\u200a and\u205f\u200a relevant\u205f\u200a
\ninformation. Changes in accounting policies are
\naccounted\u205f\u200a for\u205f\u200a retrospectively,\u205f\u200a except\u205f\u200a in\u205f\u200a the\u205f\u200a case\u205f\u200a
\nof\u205f\u200a transitional\u205f\u200a provisions\u205f\u200a specific\u205f\u200a to\u205f\u200a the\u205f\u200a standard\u205f\u200a or\u205f\u200a
\ninterpretation.\u205f\u200aA\u205f\u200amaterial\u205f\u200a error,\u205f\u200a when\u205f\u200a discovered,\u205f\u200a is\u205f\u200a
\nalso\u205f\u200aadjusted\u205f\u200aretrospectively.
\nUncertainties\u205f\u200ainherent\u205f\u200ato\u205f\u200athe\u205f\u200aactivity\u205f\u200arequire\u205f\u200athe\u205f\u200ause\u205f\u200a
\nof\u205f\u200a estimates\u205f\u200a when\u205f\u200a preparing\u205f\u200a financial\u205f\u200a statements.\u205f\u200a
\nThe\u205f\u200aestimates\u205f\u200aare\u205f\u200abased\u205f\u200aon\u205f\u200ajudgements\u205f\u200aintended\u205f\u200ato\u205f\u200a
\ngive a reasonable assessment of the latest reliable
\ninformation\u205f\u200aavailable.\u205f\u200aAn\u205f\u200aestimate\u205f\u200ais\u205f\u200arevised\u205f\u200ato\u205f\u200areflect\u205f\u200a
\nchanges in circumstances, new information available
\nand\u205f\u200athe\u205f\u200aeffects\u205f\u200aof\u205f\u200aexperience.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag359": {
"value": "\n
\n
\n\n1.6. Business combinations
\nIFRS
\nG
\n\u205f\u200a3\u205f\u200a\u201cBusiness\u205f\u200aCombinations\u201d\u205f\u200aprovides\u205f\u200athe\u205f\u200aaccounting\u205f\u200a
\nbasis\u205f\u200afor\u205f\u200arecognising\u205f\u200abusiness\u205f\u200acombinations\u205f\u200aand\u205f\u200achanges\u205f\u200a
\nin\u205f\u200ainterests\u205f\u200ain\u205f\u200asubsidiaries\u205f\u200aafter\u205f\u200aobtaining\u205f\u200acontrol.
\nFor each business combination, the Group elects
\nwhether to measure the non-controlling interests
\nG
\nin\u205f\u200athe\u205f\u200aacquiree\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200aor\u205f\u200aat\u205f\u200athe\u205f\u200aproportionate\u205f\u200a
\nshare\u205f\u200aof\u205f\u200athe\u205f\u200aacquiree\u2019s\u205f\u200aidentifiable\u205f\u200anet\u205f\u200aassets.
\nChanges\u205f\u200a in\u205f\u200a interest\u205f\u200a in\u205f\u200a a\u205f\u200a subsidiary\u205f\u200a that\u205f\u200a do\u205f\u200a not\u205f\u200a
\nresult\u205f\u200a in\u205f\u200a loss\u205f\u200aof\u205f\u200acontrol\u205f\u200a are\u205f\u200a accounted\u205f\u200afor\u205f\u200a as\u205f\u200a equity\u205f\u200a
\ntransactions.
\n
\n\n\n\n\n\n\n\n\n\n\n
\n\n1.7. Goodwill
\nGoodwill\u205f\u200a is\u205f\u200a the\u205f\u200a difference\u205f\u200a on\u205f\u200a the\u205f\u200a date\u205f\u200a of\u205f\u200a acquisition\u205f\u200a
\nbetween\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a the\u205f\u200a consideration\u205f\u200a given\u205f\u200a
\nin exchange for taking control, the value of non-
\ncontrolling interests
\nG
\n,\u205f\u200athe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aprevious\u205f\u200aequity\u205f\u200a
\ninvestments\u205f\u200a and\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a identifiable\u205f\u200a assets\u205f\u200a
\nand\u205f\u200aliabilities\u205f\u200aand\u205f\u200acontingent\u205f\u200aliabilities\u205f\u200aof\u205f\u200athe\u205f\u200aacquiree.
\nWhen\u205f\u200adisposing\u205f\u200aof\u205f\u200aa\u205f\u200asubsidiary,\u205f\u200athe\u205f\u200aresidual\u205f\u200aamount\u205f\u200aof\u205f\u200a
\ngoodwill\u205f\u200a attributable\u205f\u200a to\u205f\u200athe\u205f\u200a subsidiary\u205f\u200ais\u205f\u200a included\u205f\u200a in\u205f\u200a
\nthe\u205f\u200acalculation\u205f\u200aof\u205f\u200athe\u205f\u200adisposal\u2019s\u205f\u200aresult.
\n
\n
\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag360": {
"value": "\n1.6. Business combinations
\nIFRS
\nG
\n\u205f\u200a3\u205f\u200a\u201cBusiness\u205f\u200aCombinations\u201d\u205f\u200aprovides\u205f\u200athe\u205f\u200aaccounting\u205f\u200a
\nbasis\u205f\u200afor\u205f\u200arecognising\u205f\u200abusiness\u205f\u200acombinations\u205f\u200aand\u205f\u200achanges\u205f\u200a
\nin\u205f\u200ainterests\u205f\u200ain\u205f\u200asubsidiaries\u205f\u200aafter\u205f\u200aobtaining\u205f\u200acontrol.
\nFor each business combination, the Group elects
\nwhether to measure the non-controlling interests
\nG
\nin\u205f\u200athe\u205f\u200aacquiree\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200aor\u205f\u200aat\u205f\u200athe\u205f\u200aproportionate\u205f\u200a
\nshare\u205f\u200aof\u205f\u200athe\u205f\u200aacquiree\u2019s\u205f\u200aidentifiable\u205f\u200anet\u205f\u200aassets.
\nChanges\u205f\u200a in\u205f\u200a interest\u205f\u200a in\u205f\u200a a\u205f\u200a subsidiary\u205f\u200a that\u205f\u200a do\u205f\u200a not\u205f\u200a
\nresult\u205f\u200a in\u205f\u200a loss\u205f\u200aof\u205f\u200acontrol\u205f\u200a are\u205f\u200a accounted\u205f\u200afor\u205f\u200a as\u205f\u200a equity\u205f\u200a
\ntransactions.
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag361": {
"value": "\n
\n\n1.7. Goodwill
\nGoodwill\u205f\u200a is\u205f\u200a the\u205f\u200a difference\u205f\u200a on\u205f\u200a the\u205f\u200a date\u205f\u200a of\u205f\u200a acquisition\u205f\u200a
\nbetween\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a the\u205f\u200a consideration\u205f\u200a given\u205f\u200a
\nin exchange for taking control, the value of non-
\ncontrolling interests
\nG
\n,\u205f\u200athe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aprevious\u205f\u200aequity\u205f\u200a
\ninvestments\u205f\u200a and\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a identifiable\u205f\u200a assets\u205f\u200a
\nand\u205f\u200aliabilities\u205f\u200aand\u205f\u200acontingent\u205f\u200aliabilities\u205f\u200aof\u205f\u200athe\u205f\u200aacquiree.
\nWhen\u205f\u200adisposing\u205f\u200aof\u205f\u200aa\u205f\u200asubsidiary,\u205f\u200athe\u205f\u200aresidual\u205f\u200aamount\u205f\u200aof\u205f\u200a
\ngoodwill\u205f\u200a attributable\u205f\u200a to\u205f\u200athe\u205f\u200a subsidiary\u205f\u200ais\u205f\u200a included\u205f\u200a in\u205f\u200a
\nthe\u205f\u200acalculation\u205f\u200aof\u205f\u200athe\u205f\u200adisposal\u2019s\u205f\u200aresult.
\n
\n
\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag362": {
"value": "\n1.7. Goodwill
\nGoodwill\u205f\u200a is\u205f\u200a the\u205f\u200a difference\u205f\u200a on\u205f\u200a the\u205f\u200a date\u205f\u200a of\u205f\u200a acquisition\u205f\u200a
\nbetween\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a the\u205f\u200a consideration\u205f\u200a given\u205f\u200a
\nin exchange for taking control, the value of non-
\ncontrolling interests
\nG
\n,\u205f\u200athe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aprevious\u205f\u200aequity\u205f\u200a
\ninvestments\u205f\u200a and\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a identifiable\u205f\u200a assets\u205f\u200a
\nand\u205f\u200aliabilities\u205f\u200aand\u205f\u200acontingent\u205f\u200aliabilities\u205f\u200aof\u205f\u200athe\u205f\u200aacquiree.
\nWhen\u205f\u200adisposing\u205f\u200aof\u205f\u200aa\u205f\u200asubsidiary,\u205f\u200athe\u205f\u200aresidual\u205f\u200aamount\u205f\u200aof\u205f\u200a
\ngoodwill\u205f\u200a attributable\u205f\u200a to\u205f\u200athe\u205f\u200a subsidiary\u205f\u200ais\u205f\u200a included\u205f\u200a in\u205f\u200a
\nthe\u205f\u200acalculation\u205f\u200aof\u205f\u200athe\u205f\u200adisposal\u2019s\u205f\u200aresult.
\n
\n
\n\n\n\n\n
\n\n
\n\n1.10. Intangible assets
\nIntangible\u205f\u200aassets\u205f\u200a are\u205f\u200a stated\u205f\u200a at\u205f\u200atheir\u205f\u200aacquisition\u205f\u200acost\u205f\u200a
\nless\u205f\u200a accumulated\u205f\u200a depreciation\u205f\u200a and\u205f\u200a any\u205f\u200a impairment\u205f\u200a
\nlosses.
\nAmortisation\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a a\u205f\u200a straight-line\u205f\u200a basis\u205f\u200a
\nbased\u205f\u200aon\u205f\u200a an\u205f\u200a estimate\u205f\u200aof\u205f\u200a the\u205f\u200auseful\u205f\u200alife\u205f\u200aof\u205f\u200a the\u205f\u200a asset\u205f\u200a
\nin\u205f\u200a question.\u205f\u200a Intangible\u205f\u200a assets\u205f\u200a are\u205f\u200a not\u205f\u200a subject\u205f\u200a to\u205f\u200a
\nrevaluation.\u205f\u200aWhen\u205f\u200athe\u205f\u200arecoverable\u205f\u200avalue\u205f\u200aof\u205f\u200aan\u205f\u200aasset\u205f\u200a
\nis\u205f\u200alower\u205f\u200athan\u205f\u200aits\u205f\u200abook\u205f\u200avalue,\u205f\u200athe\u205f\u200alatter\u205f\u200ais\u205f\u200areduced\u205f\u200ato\u205f\u200a
\nreflect\u205f\u200athis\u205f\u200aloss\u205f\u200ain\u205f\u200avalue.
\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:
\nPatents 3 to 5 years
\nOther intangible assets 3 to 5 years
\nSoftware 3 to 5 years
\nConcessions
\nG
\nLength of the concessions
\nG
\nAmortisation\u205f\u200a starts\u205f\u200a from\u205f\u200athe\u205f\u200a date\u205f\u200a when\u205f\u200athe\u205f\u200a asset\u205f\u200a is\u205f\u200a
\navailable to use.
\nGains\u205f\u200a or\u205f\u200a losses\u205f\u200a arising\u205f\u200a from\u205f\u200a derecognition\u205f\u200a of\u205f\u200a assets\u205f\u200a
\n(i.e.\u205f\u200a the\u205f\u200a difference\u205f\u200a between\u205f\u200a the\u205f\u200a disposal\u205f\u200a proceeds\u205f\u200a
\nand\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset)\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200awhen\u205f\u200aassets\u205f\u200aare\u205f\u200aderecognised.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag336": {
"value": "\n1.9. Foreign currency conversion
\nIn\u205f\u200a the\u205f\u200a financial\u205f\u200a statements\u205f\u200a of\u205f\u200a Socfinasia\u205f\u200a and\u205f\u200a of\u205f\u200a
\neach\u205f\u200a subsidiary,\u205f\u200atransactions\u205f\u200a in\u205f\u200a foreign\u205f\u200acurrency\u205f\u200aare\u205f\u200a
\nrecorded,\u205f\u200a upon\u205f\u200a initial\u205f\u200a recognition,\u205f\u200a in\u205f\u200athe\u205f\u200a functional\u205f\u200a
\ncurrency\u205f\u200a of\u205f\u200a the\u205f\u200a company\u205f\u200a concerned.\u205f\u200a The\u205f\u200a exchange\u205f\u200a
\nrate\u205f\u200a in\u205f\u200a force\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a the\u205f\u200a transaction\u205f\u200a date.\u205f\u200a At\u205f\u200a
\nclosing,\u205f\u200amonetary\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200adenominated\u205f\u200ain\u205f\u200a
\nforeign\u205f\u200acurrencies\u205f\u200aare\u205f\u200aconverted\u205f\u200aon\u205f\u200athe\u205f\u200alast\u205f\u200aday\u205f\u200aof\u205f\u200athe\u205f\u200a
\nyear.\u205f\u200aGains\u205f\u200aand\u205f\u200alosses\u205f\u200aarising\u205f\u200afrom\u205f\u200athe\u205f\u200arealisation\u205f\u200aor\u205f\u200a
\ntranslation\u205f\u200aof\u205f\u200amonetary\u205f\u200aitems\u205f\u200adenominated\u205f\u200ain\u205f\u200aforeign\u205f\u200a
\ncurrencies\u205f\u200aare\u205f\u200arecorded\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200astatement\u205f\u200afor\u205f\u200a
\nthe year.
\nOn\u205f\u200aconsolidation,\u205f\u200athe\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200aof\u205f\u200acompanies\u205f\u200a
\nwhose\u205f\u200aaccounts\u205f\u200aare\u205f\u200aheld\u205f\u200ain\u205f\u200aa\u205f\u200acurrency\u205f\u200aother\u205f\u200athan\u205f\u200athe\u205f\u200a
\neuro\u205f\u200a are\u205f\u200a translated\u205f\u200ainto\u205f\u200a euros\u205f\u200a at\u205f\u200athe\u205f\u200a exchange\u205f\u200a rate\u205f\u200a
\nprevailing\u205f\u200aon\u205f\u200athe\u205f\u200aclosing\u205f\u200adate.\u205f\u200aIncome\u205f\u200aand\u205f\u200aexpenses\u205f\u200a
\nare\u205f\u200aconverted\u205f\u200ainto\u205f\u200aeuros\u205f\u200aat\u205f\u200athe\u205f\u200aaverage\u205f\u200aexchange\u205f\u200arate\u205f\u200a
\nfor\u205f\u200athe\u205f\u200ayear.\u205f\u200aAny\u205f\u200aexchange\u205f\u200adifferences\u205f\u200aare\u205f\u200aclassified\u205f\u200aas\u205f\u200a
\nequity\u205f\u200a under\u205f\u200a \u201cTranslation\u205f\u200a differences\u201d.\u205f\u200aIn\u205f\u200a the\u205f\u200aevent\u205f\u200a
\nof\u205f\u200a a\u205f\u200a disposal,\u205f\u200a the\u205f\u200a translation\u205f\u200a differences\u205f\u200a relating\u205f\u200ato\u205f\u200a
\nthe\u205f\u200acompany\u205f\u200aconcerned\u205f\u200aare\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200a
\nstatement\u205f\u200afor\u205f\u200athe\u205f\u200ayear\u205f\u200ain\u205f\u200awhich\u205f\u200athe\u205f\u200asale\u205f\u200aoccurred.
\nGoodwill\u205f\u200a and\u205f\u200a fair\u205f\u200a value\u205f\u200a adjustments\u205f\u200a arising\u205f\u200a on\u205f\u200a the\u205f\u200a
\nacquisition\u205f\u200a of\u205f\u200a a\u205f\u200a foreign\u205f\u200a entity\u205f\u200a are\u205f\u200a treated\u205f\u200a as\u205f\u200a assets\u205f\u200a
\nand\u205f\u200aliabilities\u205f\u200aof\u205f\u200athe\u205f\u200aforeign\u205f\u200aentity\u205f\u200aand\u205f\u200atranslated\u205f\u200aat\u205f\u200a
\nthe closing rate.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe\u205f\u200afollowing\u205f\u200aexchange\u205f\u200arates\u205f\u200ahave\u205f\u200abeen\u205f\u200aused\u205f\u200afor\u205f\u200athe\u205f\u200aconversion\u205f\u200aof\u205f\u200athe\u205f\u200aconsolidated\u205f\u200afinancial\u205f\u200astatements:
\nClosing rate Average Rate
\n1 euro equals to: 31/12/2023 31/12/2022 2023 2022
\nEuro 1.000 1.000 1.000 1.000
\nIndonesian\u205f\u200arupiah 17,140 16,713 16,471 15,648
\nAmerican\u205f\u200adollar 1.1050 1.0666 1.0826 1.0479
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag337": {
"value": "\n
\n\n1.10. Intangible assets
\nIntangible\u205f\u200aassets\u205f\u200a are\u205f\u200a stated\u205f\u200a at\u205f\u200atheir\u205f\u200aacquisition\u205f\u200acost\u205f\u200a
\nless\u205f\u200a accumulated\u205f\u200a depreciation\u205f\u200a and\u205f\u200a any\u205f\u200a impairment\u205f\u200a
\nlosses.
\nAmortisation\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a a\u205f\u200a straight-line\u205f\u200a basis\u205f\u200a
\nbased\u205f\u200aon\u205f\u200a an\u205f\u200a estimate\u205f\u200aof\u205f\u200a the\u205f\u200auseful\u205f\u200alife\u205f\u200aof\u205f\u200a the\u205f\u200a asset\u205f\u200a
\nin\u205f\u200a question.\u205f\u200a Intangible\u205f\u200a assets\u205f\u200a are\u205f\u200a not\u205f\u200a subject\u205f\u200a to\u205f\u200a
\nrevaluation.\u205f\u200aWhen\u205f\u200athe\u205f\u200arecoverable\u205f\u200avalue\u205f\u200aof\u205f\u200aan\u205f\u200aasset\u205f\u200a
\nis\u205f\u200alower\u205f\u200athan\u205f\u200aits\u205f\u200abook\u205f\u200avalue,\u205f\u200athe\u205f\u200alatter\u205f\u200ais\u205f\u200areduced\u205f\u200ato\u205f\u200a
\nreflect\u205f\u200athis\u205f\u200aloss\u205f\u200ain\u205f\u200avalue.
\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:
\nPatents 3 to 5 years
\nOther intangible assets 3 to 5 years
\nSoftware 3 to 5 years
\nConcessions
\nG
\nLength of the concessions
\nG
\nAmortisation\u205f\u200a starts\u205f\u200a from\u205f\u200athe\u205f\u200a date\u205f\u200a when\u205f\u200athe\u205f\u200a asset\u205f\u200a is\u205f\u200a
\navailable to use.
\nGains\u205f\u200a or\u205f\u200a losses\u205f\u200a arising\u205f\u200a from\u205f\u200a derecognition\u205f\u200a of\u205f\u200a assets\u205f\u200a
\n(i.e.\u205f\u200a the\u205f\u200a difference\u205f\u200a between\u205f\u200a the\u205f\u200a disposal\u205f\u200a proceeds\u205f\u200a
\nand\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset)\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200awhen\u205f\u200aassets\u205f\u200aare\u205f\u200aderecognised.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag338": {
"value": "\n1.10. Intangible assets
\nIntangible\u205f\u200aassets\u205f\u200a are\u205f\u200a stated\u205f\u200a at\u205f\u200atheir\u205f\u200aacquisition\u205f\u200acost\u205f\u200a
\nless\u205f\u200a accumulated\u205f\u200a depreciation\u205f\u200a and\u205f\u200a any\u205f\u200a impairment\u205f\u200a
\nlosses.
\nAmortisation\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a a\u205f\u200a straight-line\u205f\u200a basis\u205f\u200a
\nbased\u205f\u200aon\u205f\u200a an\u205f\u200a estimate\u205f\u200aof\u205f\u200a the\u205f\u200auseful\u205f\u200alife\u205f\u200aof\u205f\u200a the\u205f\u200a asset\u205f\u200a
\nin\u205f\u200a question.\u205f\u200a Intangible\u205f\u200a assets\u205f\u200a are\u205f\u200a not\u205f\u200a subject\u205f\u200a to\u205f\u200a
\nrevaluation.\u205f\u200aWhen\u205f\u200athe\u205f\u200arecoverable\u205f\u200avalue\u205f\u200aof\u205f\u200aan\u205f\u200aasset\u205f\u200a
\nis\u205f\u200alower\u205f\u200athan\u205f\u200aits\u205f\u200abook\u205f\u200avalue,\u205f\u200athe\u205f\u200alatter\u205f\u200ais\u205f\u200areduced\u205f\u200ato\u205f\u200a
\nreflect\u205f\u200athis\u205f\u200aloss\u205f\u200ain\u205f\u200avalue.
\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:
\nPatents 3 to 5 years
\nOther intangible assets 3 to 5 years
\nSoftware 3 to 5 years
\nConcessions
\nG
\nLength of the concessions
\nG
\nAmortisation\u205f\u200a starts\u205f\u200a from\u205f\u200athe\u205f\u200a date\u205f\u200a when\u205f\u200athe\u205f\u200a asset\u205f\u200a is\u205f\u200a
\navailable to use.
\nGains\u205f\u200a or\u205f\u200a losses\u205f\u200a arising\u205f\u200a from\u205f\u200a derecognition\u205f\u200a of\u205f\u200a assets\u205f\u200a
\n(i.e.\u205f\u200a the\u205f\u200a difference\u205f\u200a between\u205f\u200a the\u205f\u200a disposal\u205f\u200a proceeds\u205f\u200a
\nand\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset)\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200awhen\u205f\u200aassets\u205f\u200aare\u205f\u200aderecognised.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n1.11. Property, plant and equipment
\nTangible\u205f\u200afixed\u205f\u200aassets\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200atheir\u205f\u200aacquisition\u205f\u200a
\ncost\u205f\u200a less\u205f\u200a accumulated\u205f\u200a amortisation\u205f\u200a and\u205f\u200a any\u205f\u200a
\nimpairment losses.
\nProperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200ain\u205f\u200aprogress\u205f\u200ais\u205f\u200acarried\u205f\u200aat\u205f\u200a
\ncost\u205f\u200aless\u205f\u200aany\u205f\u200aidentified\u205f\u200aimpairment.
\nDepreciation\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a a\u205f\u200a straight-line\u205f\u200a basis,\u205f\u200a
\naccording\u205f\u200a to\u205f\u200a an\u205f\u200aestimate\u205f\u200a of\u205f\u200a the\u205f\u200auseful\u205f\u200a life\u205f\u200a for\u205f\u200aeach\u205f\u200a
\nsignificant\u205f\u200acomponent\u205f\u200aof\u205f\u200athe\u205f\u200aasset\u205f\u200ain\u205f\u200aquestion.\u205f\u200aWhen\u205f\u200a
\nthe recoverable value of an asset is lower than its
\nbook\u205f\u200avalue,\u205f\u200athe\u205f\u200alatter\u205f\u200ais\u205f\u200areduced\u205f\u200ato\u205f\u200areflect\u205f\u200athis\u205f\u200a loss\u205f\u200a
\nin value.
\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:
\nBuildings 20 to 50 years
\nTechnical installations 3 to 20 years
\nFurniture,\u205f\u200avehicles\u205f\u200aand\u205f\u200aothers 3 to 20 years
\nDepreciation\u205f\u200astarts\u205f\u200afrom\u205f\u200athe\u205f\u200adate\u205f\u200athat\u205f\u200athe\u205f\u200aassets\u205f\u200aare\u205f\u200a
\navailable to use.
\nLand\u205f\u200ais\u205f\u200anot\u205f\u200asubject\u205f\u200ato\u205f\u200adepreciation.
\nGains\u205f\u200aor\u205f\u200alosses\u205f\u200aarising\u205f\u200afrom\u205f\u200athe\u205f\u200aderecognition\u205f\u200aof\u205f\u200aassets\u205f\u200a
\n(i.e.\u205f\u200a the\u205f\u200a difference\u205f\u200a between\u205f\u200a the\u205f\u200a disposal\u205f\u200a proceeds\u205f\u200a
\nand\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset)\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200awhen\u205f\u200aassets\u205f\u200aare\u205f\u200aderecognised.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n1.12. Bearer biological assets
\nThe Group has biological assets in South-East Asia.
\nThese biological assets, mainly consisting of palm
\noil\u205f\u200a and\u205f\u200a rubber\u205f\u200a plantations,\u205f\u200a are\u205f\u200a valued\u205f\u200a according\u205f\u200a to\u205f\u200a
\nthe\u205f\u200aprinciples\u205f\u200adefined\u205f\u200ain\u205f\u200aIAS
\nG
\n\u205f\u200a16\u205f\u200a\u201cProperty,\u205f\u200aplant\u205f\u200aand\u205f\u200a
\nequipment\".
\nBiological assets at the time of harvest, in particular
\nfor\u205f\u200apalm\u205f\u200abunches,\u205f\u200apalm\u205f\u200aoil\u205f\u200aand\u205f\u200arubber,\u205f\u200aare\u205f\u200aevaluated\u205f\u200a
\naccording\u205f\u200a to\u205f\u200a the\u205f\u200a principles\u205f\u200a defined\u205f\u200a by\u205f\u200a IAS
\nG
\n 41
\n\u201cAgriculture\".
\nBearer biological assets
\nProducer\u205f\u200abiological\u205f\u200aassets\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200aacquisition\u205f\u200a
\ncost,\u205f\u200a less\u205f\u200a accumulated\u205f\u200a amortisation\u205f\u200a and\u205f\u200a any\u205f\u200a
\nimpairment losses.
\nDepreciation\u205f\u200ais\u205f\u200aapplied\u205f\u200aaccording\u205f\u200ato\u205f\u200athe\u205f\u200astraight-line\u205f\u200a
\nmethod\u205f\u200abased\u205f\u200aon\u205f\u200aan\u205f\u200aestimate\u205f\u200aof\u205f\u200athe\u205f\u200auseful\u205f\u200alife.\u205f\u200aWhen\u205f\u200a
\nthe recoverable amount of an asset is less than its
\ncarrying\u205f\u200a amount,\u205f\u200a the\u205f\u200acarrying\u205f\u200a amount\u205f\u200ais\u205f\u200a reduced\u205f\u200a to\u205f\u200a
\nreflect\u205f\u200athat\u205f\u200aimpairment.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:\u205f\u200a
\nBearer\u205f\u200aplants\u205f\u200a\u2013\u205f\u200aPalm 20 to 25 years
\nBearer\u205f\u200aplants\u205f\u200a\u2013\u205f\u200aRubber 20 to 25 years
\nThe\u205f\u200adepreciation\u205f\u200astarting\u205f\u200adate\u205f\u200ais\u205f\u200athe\u205f\u200adate\u205f\u200aof\u205f\u200atransfer\u205f\u200a
\nof\u205f\u200abiological\u205f\u200aassets\u205f\u200ain\u205f\u200aproduction\u205f\u200a(asset\u205f\u200abeing\u205f\u200amature).\u205f\u200a
\nThis\u205f\u200atransfer\u205f\u200atakes\u205f\u200aplace\u205f\u200ain\u205f\u200athe\u205f\u200athird\u205f\u200ayear\u205f\u200aafter\u205f\u200apalm\u205f\u200a
\noil\u205f\u200atree\u205f\u200aplanting\u205f\u200aand\u205f\u200ain\u205f\u200athe\u205f\u200aseventh\u205f\u200ayear\u205f\u200aafter\u205f\u200arubber\u205f\u200a
\ntree\u205f\u200aplanting.\u205f\u200aFor\u205f\u200aeach\u205f\u200aentity,\u205f\u200athe\u205f\u200aoperating\u205f\u200aperiod\u205f\u200acan\u205f\u200a
\nbe\u205f\u200aadapted\u205f\u200aaccording\u205f\u200ato\u205f\u200athe\u205f\u200aparticular\u205f\u200acircumstances.
\nAgricultural production
\nAgricultural\u205f\u200a production\u205f\u200a at\u205f\u200a harvest\u205f\u200a is\u205f\u200a valued\u205f\u200a at\u205f\u200a fair\u205f\u200a
\nvalue\u205f\u200aless\u205f\u200athe\u205f\u200a estimated\u205f\u200a costs\u205f\u200a necessary\u205f\u200ato\u205f\u200a complete\u205f\u200a
\nthe sale.
\nThere\u205f\u200aare\u205f\u200ano\u205f\u200aobservable\u205f\u200adata\u205f\u200afor\u205f\u200aagricultural\u205f\u200aproduction\u205f\u200a
\n(palm\u205f\u200aharvest,\u205f\u200alatex).\u205f\u200aThe\u205f\u200aWorld\u205f\u200aBank\u205f\u200apublishes\u205f\u200aprice\u205f\u200a
\nforecasts\u205f\u200a for\u205f\u200a dry\u205f\u200a rubber
\nG
\n\u205f\u200a (finished\u205f\u200a product).\u205f\u200a These\u205f\u200a
\nforecasts\u205f\u200aare\u205f\u200abased\u205f\u200aon\u205f\u200athe\u205f\u200aRSS3
\nG
\n\u205f\u200agrade\u205f\u200a(smoked\u205f\u200asheet
\nG
\n)\u205f\u200a
\nthat\u205f\u200a is\u205f\u200a not\u205f\u200a produced\u205f\u200a by\u205f\u200a the\u205f\u200a Group.\u205f\u200a Lastly,\u205f\u200a and\u205f\u200a even\u205f\u200a
\nmore\u205f\u200a so,\u205f\u200a there\u205f\u200a are\u205f\u200a no\u205f\u200a observable\u205f\u200a prospective\u205f\u200a data\u205f\u200a
\nrelating\u205f\u200a to\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a agricultural\u205f\u200a production.\u205f\u200a The\u205f\u200a
\nprice\u205f\u200aof\u205f\u200aa\u205f\u200a standard\u205f\u200a product\u205f\u200a in\u205f\u200a a\u205f\u200aglobal\u205f\u200a market\u205f\u200a is\u205f\u200anot\u205f\u200a
\nsufficiently\u205f\u200a representative\u205f\u200a of\u205f\u200a the\u205f\u200a economic\u205f\u200a reality\u205f\u200a
\nin which the various entities of the Group intervene.
\nThis\u205f\u200a price\u205f\u200a can\u205f\u200a hence\u205f\u200a not\u205f\u200a be\u205f\u200a used\u205f\u200a as\u205f\u200a a\u205f\u200a reference\u205f\u200a for\u205f\u200a
\nvaluation.
\nAs\u205f\u200a a\u205f\u200aresult,\u205f\u200a each\u205f\u200a entity\u205f\u200a determines\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a
\nagricultural\u205f\u200aproduction\u205f\u200abased\u205f\u200aon\u205f\u200aactual\u205f\u200amarket\u205f\u200aprices\u205f\u200a
\nobtained\u205f\u200aover\u205f\u200athe\u205f\u200apast\u205f\u200ayear.
\nThe\u205f\u200a Group\u205f\u200a considers\u205f\u200a produce\u205f\u200a that\u205f\u200a grows\u205f\u200a on\u205f\u200a mature\u205f\u200a
\nplantations\u205f\u200a (oil\u205f\u200a in\u205f\u200a the\u205f\u200a palm\u205f\u200a fruits\u205f\u200a and\u205f\u200a produce\u205f\u200a of\u205f\u200a
\nrubber)\u205f\u200a as\u205f\u200a biological\u205f\u200a assets,\u205f\u200a in\u205f\u200a accordance\u205f\u200a with\u205f\u200a IAS
\nG
\n
\n41\u205f\u200a principles.\u205f\u200aThis\u205f\u200a produce\u205f\u200a is\u205f\u200a measured\u205f\u200a at\u205f\u200a fair\u205f\u200avalue\u205f\u200a
\nuntil the point of harvest. Any resultant gains or losses
\narising\u205f\u200afrom\u205f\u200achanges\u205f\u200ain\u205f\u200afair\u205f\u200avalue\u205f\u200aare\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200a
\nincome statement.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRight-of-use\u205f\u200aassets\u205f\u200aare\u205f\u200adepreciated\u205f\u200aon\u205f\u200aa\u205fstraight-line\u205f\u200abasis\u205f\u200aover\u205f\u200athe\u205f\u200ashortest\u205f\u200aof\u205f\u200auseful\u205f\u200alife\u205f\u200aand\u205flease term.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag339": {
"value": "\n1.11. Property, plant and equipment
\nTangible\u205f\u200afixed\u205f\u200aassets\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200atheir\u205f\u200aacquisition\u205f\u200a
\ncost\u205f\u200a less\u205f\u200a accumulated\u205f\u200a amortisation\u205f\u200a and\u205f\u200a any\u205f\u200a
\nimpairment losses.
\nProperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200ain\u205f\u200aprogress\u205f\u200ais\u205f\u200acarried\u205f\u200aat\u205f\u200a
\ncost\u205f\u200aless\u205f\u200aany\u205f\u200aidentified\u205f\u200aimpairment.
\nDepreciation\u205f\u200a is\u205f\u200a applied\u205f\u200a on\u205f\u200a a\u205f\u200a straight-line\u205f\u200a basis,\u205f\u200a
\naccording\u205f\u200a to\u205f\u200a an\u205f\u200aestimate\u205f\u200a of\u205f\u200a the\u205f\u200auseful\u205f\u200a life\u205f\u200a for\u205f\u200aeach\u205f\u200a
\nsignificant\u205f\u200acomponent\u205f\u200aof\u205f\u200athe\u205f\u200aasset\u205f\u200ain\u205f\u200aquestion.\u205f\u200aWhen\u205f\u200a
\nthe recoverable value of an asset is lower than its
\nbook\u205f\u200avalue,\u205f\u200athe\u205f\u200alatter\u205f\u200ais\u205f\u200areduced\u205f\u200ato\u205f\u200areflect\u205f\u200athis\u205f\u200a loss\u205f\u200a
\nin value.
\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:
\nBuildings 20 to 50 years
\nTechnical installations 3 to 20 years
\nFurniture,\u205f\u200avehicles\u205f\u200aand\u205f\u200aothers 3 to 20 years
\nDepreciation\u205f\u200astarts\u205f\u200afrom\u205f\u200athe\u205f\u200adate\u205f\u200athat\u205f\u200athe\u205f\u200aassets\u205f\u200aare\u205f\u200a
\navailable to use.
\nLand\u205f\u200ais\u205f\u200anot\u205f\u200asubject\u205f\u200ato\u205f\u200adepreciation.
\nGains\u205f\u200aor\u205f\u200alosses\u205f\u200aarising\u205f\u200afrom\u205f\u200athe\u205f\u200aderecognition\u205f\u200aof\u205f\u200aassets\u205f\u200a
\n(i.e.\u205f\u200a the\u205f\u200a difference\u205f\u200a between\u205f\u200a the\u205f\u200a disposal\u205f\u200a proceeds\u205f\u200a
\nand\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset)\u205f\u200aare\u205f\u200aincluded\u205f\u200ain\u205f\u200a
\nthe\u205f\u200aincome\u205f\u200astatement\u205f\u200awhen\u205f\u200aassets\u205f\u200aare\u205f\u200aderecognised.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag340": {
"value": "\n1.12. Bearer biological assets
\nThe Group has biological assets in South-East Asia.
\nThese biological assets, mainly consisting of palm
\noil\u205f\u200a and\u205f\u200a rubber\u205f\u200a plantations,\u205f\u200a are\u205f\u200a valued\u205f\u200a according\u205f\u200a to\u205f\u200a
\nthe\u205f\u200aprinciples\u205f\u200adefined\u205f\u200ain\u205f\u200aIAS
\nG
\n\u205f\u200a16\u205f\u200a\u201cProperty,\u205f\u200aplant\u205f\u200aand\u205f\u200a
\nequipment\".
\nBiological assets at the time of harvest, in particular
\nfor\u205f\u200apalm\u205f\u200abunches,\u205f\u200apalm\u205f\u200aoil\u205f\u200aand\u205f\u200arubber,\u205f\u200aare\u205f\u200aevaluated\u205f\u200a
\naccording\u205f\u200a to\u205f\u200a the\u205f\u200a principles\u205f\u200a defined\u205f\u200a by\u205f\u200a IAS
\nG
\n 41
\n\u201cAgriculture\".
\nBearer biological assets
\nProducer\u205f\u200abiological\u205f\u200aassets\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200aacquisition\u205f\u200a
\ncost,\u205f\u200a less\u205f\u200a accumulated\u205f\u200a amortisation\u205f\u200a and\u205f\u200a any\u205f\u200a
\nimpairment losses.
\nDepreciation\u205f\u200ais\u205f\u200aapplied\u205f\u200aaccording\u205f\u200ato\u205f\u200athe\u205f\u200astraight-line\u205f\u200a
\nmethod\u205f\u200abased\u205f\u200aon\u205f\u200aan\u205f\u200aestimate\u205f\u200aof\u205f\u200athe\u205f\u200auseful\u205f\u200alife.\u205f\u200aWhen\u205f\u200a
\nthe recoverable amount of an asset is less than its
\ncarrying\u205f\u200a amount,\u205f\u200a the\u205f\u200acarrying\u205f\u200a amount\u205f\u200ais\u205f\u200a reduced\u205f\u200a to\u205f\u200a
\nreflect\u205f\u200athat\u205f\u200aimpairment.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe\u205f\u200aestimated\u205f\u200auseful\u205f\u200alives\u205f\u200aare\u205f\u200aas\u205f\u200afollows:\u205f\u200a
\nBearer\u205f\u200aplants\u205f\u200a\u2013\u205f\u200aPalm 20 to 25 years
\nBearer\u205f\u200aplants\u205f\u200a\u2013\u205f\u200aRubber 20 to 25 years
\nThe\u205f\u200adepreciation\u205f\u200astarting\u205f\u200adate\u205f\u200ais\u205f\u200athe\u205f\u200adate\u205f\u200aof\u205f\u200atransfer\u205f\u200a
\nof\u205f\u200abiological\u205f\u200aassets\u205f\u200ain\u205f\u200aproduction\u205f\u200a(asset\u205f\u200abeing\u205f\u200amature).\u205f\u200a
\nThis\u205f\u200atransfer\u205f\u200atakes\u205f\u200aplace\u205f\u200ain\u205f\u200athe\u205f\u200athird\u205f\u200ayear\u205f\u200aafter\u205f\u200apalm\u205f\u200a
\noil\u205f\u200atree\u205f\u200aplanting\u205f\u200aand\u205f\u200ain\u205f\u200athe\u205f\u200aseventh\u205f\u200ayear\u205f\u200aafter\u205f\u200arubber\u205f\u200a
\ntree\u205f\u200aplanting.\u205f\u200aFor\u205f\u200aeach\u205f\u200aentity,\u205f\u200athe\u205f\u200aoperating\u205f\u200aperiod\u205f\u200acan\u205f\u200a
\nbe\u205f\u200aadapted\u205f\u200aaccording\u205f\u200ato\u205f\u200athe\u205f\u200aparticular\u205f\u200acircumstances.
\nAgricultural production
\nAgricultural\u205f\u200a production\u205f\u200a at\u205f\u200a harvest\u205f\u200a is\u205f\u200a valued\u205f\u200a at\u205f\u200a fair\u205f\u200a
\nvalue\u205f\u200aless\u205f\u200athe\u205f\u200a estimated\u205f\u200a costs\u205f\u200a necessary\u205f\u200ato\u205f\u200a complete\u205f\u200a
\nthe sale.
\nThere\u205f\u200aare\u205f\u200ano\u205f\u200aobservable\u205f\u200adata\u205f\u200afor\u205f\u200aagricultural\u205f\u200aproduction\u205f\u200a
\n(palm\u205f\u200aharvest,\u205f\u200alatex).\u205f\u200aThe\u205f\u200aWorld\u205f\u200aBank\u205f\u200apublishes\u205f\u200aprice\u205f\u200a
\nforecasts\u205f\u200a for\u205f\u200a dry\u205f\u200a rubber
\nG
\n\u205f\u200a (finished\u205f\u200a product).\u205f\u200a These\u205f\u200a
\nforecasts\u205f\u200aare\u205f\u200abased\u205f\u200aon\u205f\u200athe\u205f\u200aRSS3
\nG
\n\u205f\u200agrade\u205f\u200a(smoked\u205f\u200asheet
\nG
\n)\u205f\u200a
\nthat\u205f\u200a is\u205f\u200a not\u205f\u200a produced\u205f\u200a by\u205f\u200a the\u205f\u200a Group.\u205f\u200a Lastly,\u205f\u200a and\u205f\u200a even\u205f\u200a
\nmore\u205f\u200a so,\u205f\u200a there\u205f\u200a are\u205f\u200a no\u205f\u200a observable\u205f\u200a prospective\u205f\u200a data\u205f\u200a
\nrelating\u205f\u200a to\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a agricultural\u205f\u200a production.\u205f\u200a The\u205f\u200a
\nprice\u205f\u200aof\u205f\u200aa\u205f\u200a standard\u205f\u200a product\u205f\u200a in\u205f\u200a a\u205f\u200aglobal\u205f\u200a market\u205f\u200a is\u205f\u200anot\u205f\u200a
\nsufficiently\u205f\u200a representative\u205f\u200a of\u205f\u200a the\u205f\u200a economic\u205f\u200a reality\u205f\u200a
\nin which the various entities of the Group intervene.
\nThis\u205f\u200a price\u205f\u200a can\u205f\u200a hence\u205f\u200a not\u205f\u200a be\u205f\u200a used\u205f\u200a as\u205f\u200a a\u205f\u200a reference\u205f\u200a for\u205f\u200a
\nvaluation.
\nAs\u205f\u200a a\u205f\u200aresult,\u205f\u200a each\u205f\u200a entity\u205f\u200a determines\u205f\u200a the\u205f\u200a fair\u205f\u200a value\u205f\u200a of\u205f\u200a
\nagricultural\u205f\u200aproduction\u205f\u200abased\u205f\u200aon\u205f\u200aactual\u205f\u200amarket\u205f\u200aprices\u205f\u200a
\nobtained\u205f\u200aover\u205f\u200athe\u205f\u200apast\u205f\u200ayear.
\nThe\u205f\u200a Group\u205f\u200a considers\u205f\u200a produce\u205f\u200a that\u205f\u200a grows\u205f\u200a on\u205f\u200a mature\u205f\u200a
\nplantations\u205f\u200a (oil\u205f\u200a in\u205f\u200a the\u205f\u200a palm\u205f\u200a fruits\u205f\u200a and\u205f\u200a produce\u205f\u200a of\u205f\u200a
\nrubber)\u205f\u200a as\u205f\u200a biological\u205f\u200a assets,\u205f\u200a in\u205f\u200a accordance\u205f\u200a with\u205f\u200a IAS
\nG
\n
\n41\u205f\u200a principles.\u205f\u200aThis\u205f\u200a produce\u205f\u200a is\u205f\u200a measured\u205f\u200a at\u205f\u200a fair\u205f\u200avalue\u205f\u200a
\nuntil the point of harvest. Any resultant gains or losses
\narising\u205f\u200afrom\u205f\u200achanges\u205f\u200ain\u205f\u200afair\u205f\u200avalue\u205f\u200aare\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200a
\nincome statement.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag341": {
"value": "\n1.13. Leases
\nThe Group assesses at contract inception whether
\na contract is, or contains, a lease. That is, if the
\ncontract conveys the right to control the use of an
\nidentified\u205f\u200aasset\u205f\u200afor\u205f\u200aa\u205f\u200aperiod\u205f\u200aof\u205f\u200a time\u205f\u200ain\u205f\u200aexchange\u205f\u200afor\u205f\u200a
\nconsideration.
\nThe\u205f\u200a Group\u205f\u200a applies\u205f\u200a a\u205f\u200a single\u205f\u200a recognition\u205f\u200a and\u205f\u200a
\nmeasurement approach for all leases, except for short-
\nterm\u205f\u200a leases\u205f\u200a and\u205f\u200a leases\u205f\u200a of\u205f\u200a low-value\u205f\u200a assets\u205f\u200a (mainly\u205f\u200a
\nIT\u205f\u200a equipment),\u205f\u200a for\u205f\u200a which\u205f\u200a payments\u205f\u200a associated\u205f\u200a are\u205f\u200a
\nrecognised\u205f\u200a as\u205f\u200a an\u205f\u200a expense\u205f\u200a in\u205f\u200a the\u205f\u200a income\u205f\u200a statement.\u205f\u200a
\nThe Group recognises lease liabilities to make lease
\npayments\u205f\u200a and\u205f\u200a right-of-use\u205f\u200a assets\u205f\u200a representing\u205f\u200a the\u205f\u200a
\nright\u205f\u200ato\u205f\u200ause\u205f\u200athe\u205f\u200aunderlying\u205f\u200aassets.
\nThe\u205f\u200a Group\u205f\u200a leases\u205f\u200a offices\u205f\u200a and\u205f\u200a agricultural\u205f\u200a land\u205f\u200a for\u205f\u200a
\nterms ranging from 1 to 99 years, as well as vehicles
\nand\u205f\u200a equipment\u205f\u200a for\u205f\u200a terms\u205f\u200a ranging\u205f\u200a from\u205f\u200a 1\u205f\u200a month\u205f\u200a to\u205f\u200a
\n5 years.
\nThe\u205f\u200a Group\u2019s\u205f\u200a lease\u205f\u200a contracts\u205f\u200a are\u205f\u200a standard\u205f\u200a contracts\u205f\u200a
\nthat\u205f\u200ado\u205f\u200anot\u205f\u200ainclude\u205f\u200aadditional\u205f\u200anon-leasing\u205f\u200acomponents,\u205f\u200a
\nexcept\u205f\u200afor\u205f\u200asome\u205f\u200avehicle\u205f\u200alease\u205f\u200acontracts\u205f\u200athat\u205f\u200ainclude\u205f\u200a
\na\u205f\u200a maintenance\u205f\u200a service.\u205f\u200a The\u205f\u200a Group\u205f\u200a has\u205f\u200a used\u205f\u200a the\u205f\u200a
\npractical\u205f\u200aexpedient\u205f\u200athat\u205f\u200aallows\u205f\u200athe\u205f\u200anon-segregation\u205f\u200aof\u205f\u200a
\nthe lease component from the non-lease component
\nfor these contracts.
\nAssets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a related\u205f\u200a to\u205f\u200a lease\u205f\u200a contracts\u205f\u200a are\u205f\u200a
\ninitially\u205f\u200a measured\u205f\u200a at\u205f\u200a the\u205f\u200a present\u205f\u200a value\u205f\u200a of\u205f\u200a the\u205f\u200a fixed\u205f\u200a
\npayments,\u205f\u200aincluding\u205f\u200ain-substance\u205f\u200afixed\u205f\u200apayments\u205f\u200aless\u205f\u200a
\nany lease incentives receivable. Lease payments to
\nbe\u205f\u200amade\u205f\u200aunder\u205f\u200areasonably\u205f\u200acertain\u205f\u200aextension\u205f\u200a options\u205f\u200a
\nare\u205f\u200aalso\u205f\u200aincluded\u205f\u200ain\u205f\u200athe\u205f\u200ameasurement\u205f\u200aof\u205f\u200athe\u205f\u200aliability.\u205f\u200a
\nTo\u205f\u200a this\u205f\u200a purpose,\u205f\u200a the\u205f\u200a management\u205f\u200a considers\u205f\u200a all\u205f\u200a facts\u205f\u200a
\nand\u205f\u200a circumstances\u205f\u200a that\u205f\u200a may\u205f\u200a create\u205f\u200a an\u205f\u200a incentive\u205f\u200a to\u205f\u200a
\nexercise a renewal option or not to exercise an early
\ntermination\u205f\u200aoption.\u205f\u200aThe\u205f\u200alease\u205f\u200aliability\u205f\u200ais\u205f\u200aremeasured\u205f\u200a
\nif there is a change in the lease term, in the lease
\npayment or in the assessment of an option to purchase
\nthe\u205f\u200aunderlying\u205f\u200aasset.
\nAs the implicit interest rate is unknown for all the
\nGroup\u2019s\u205f\u200acontracts,\u205f\u200athe\u205f\u200aincremental\u205f\u200aborrowing\u205f\u200arate\u205f\u200awas\u205f\u200a
\nused\u205f\u200ato\u205f\u200adiscount\u205f\u200athe\u205f\u200alease\u205f\u200apayments.\u205f\u200aThe\u205f\u200aincremental\u205f\u200a
\nborrowing\u205f\u200arate\u205f\u200ais\u205f\u200athe\u205f\u200arate\u205f\u200athat\u205f\u200athe\u205f\u200alessee\u205f\u200awould\u205f\u200ahave\u205f\u200a
\nto\u205f\u200apay\u205f\u200ato\u205f\u200aborrow,\u205f\u200afor\u205f\u200aa\u205f\u200asimilar\u205f\u200aterm\u205f\u200aand\u205f\u200awith\u205f\u200aa\u205f\u200asimilar\u205f\u200a
\nguarantee,\u205f\u200a the\u205f\u200a funds\u205f\u200a necessary\u205f\u200a to\u205f\u200a acquire\u205f\u200a an\u205f\u200a asset\u205f\u200a
\nwhose\u205f\u200avalue\u205f\u200ais\u205f\u200asimilar\u205f\u200ato\u205f\u200athe\u205f\u200aasset\u205f\u200aunder\u205f\u200athe\u205f\u200aright-of-
\nuse in a similar economic environment.
\nIn\u205f\u200a determining\u205f\u200a the\u205f\u200a incremental\u205f\u200a borrowing\u205f\u200a rate,\u205f\u200a the\u205f\u200a
\nGroup:
\n-\u205f\u200a where\u205f\u200a possible,\u205f\u200a uses\u205f\u200a the\u205f\u200a most\u205f\u200a recent\u205f\u200a financing\u205f\u200a
\nreceived\u205f\u200a by\u205f\u200a the\u205f\u200a lessee\u205f\u200a as\u205f\u200a a\u205f\u200a starting\u205f\u200a point,\u205f\u200a which\u205f\u200a
\nwas\u205f\u200a adjusted\u205f\u200a to\u205f\u200a reflect\u205f\u200a the\u205f\u200a change\u205f\u200a in\u205f\u200a financing\u205f\u200a
\nconditions\u205f\u200asince\u205f\u200athe\u205f\u200afinancing\u205f\u200awas\u205f\u200areceived;
\n-\u205f\u200a uses\u205f\u200a a\u205f\u200a build-up\u205f\u200a approach\u205f\u200a starting\u205f\u200a with\u205f\u200a a\u205f\u200a risk-free\u205f\u200a
\nrate\u205f\u200awhich\u205f\u200awas\u205f\u200aadjusted\u205f\u200afor\u205f\u200acredit\u205f\u200arisk\u205f\u200afor\u205f\u200aleases\u205f\u200afor\u205f\u200a
\nentities\u205f\u200awith\u205f\u200ano\u205f\u200arecent\u205f\u200aexternal\u205f\u200afinancing;
\n-\u205f\u200a makes\u205f\u200a lease\u205f\u200a specific\u205f\u200a adjustments\u205f\u200a (such\u205f\u200a as\u205f\u200a term,\u205f\u200a
\ncountry,\u205f\u200acurrency\u205f\u200aand\u205f\u200acollateral).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe\u205f\u200adiscount\u205f\u200arates\u205f\u200aused\u205f\u200aby\u205f\u200athe\u205f\u200aGroup\u205f\u200arange\u205f\u200abetween\u205f\u200a
\n1.75%\u205f\u200aand\u205f\u200a14.1%.
\nLease\u205f\u200apayments\u205f\u200aare\u205f\u200aallocated\u205f\u200abetween\u205f\u200athe\u205f\u200arepayment\u205f\u200a
\nof\u205f\u200a the\u205f\u200a principal\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a lease\u205f\u200a liabilities\u205f\u200a and\u205f\u200a
\ninterest\u205f\u200a expense.\u205f\u200a Interest\u205f\u200a expense\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a
\nthe\u205f\u200a income\u205f\u200a statement\u205f\u200a for\u205f\u200a the\u205f\u200a period\u205f\u200a over\u205f\u200a the\u205f\u200a term\u205f\u200a
\nof\u205f\u200athe\u205f\u200alease.\u205f\u200aRight-of-use\u205f\u200aassets\u205f\u200aare\u205f\u200adepreciated\u205f\u200aon\u205f\u200aa\u205f\u200a
\nstraight-line\u205f\u200abasis\u205f\u200aover\u205f\u200athe\u205f\u200ashortest\u205f\u200aof\u205f\u200auseful\u205f\u200alife\u205f\u200aand\u205f\u200a
\nlease term.
\nThe Group applies IAS
\nG
\n\u205f\u200a 36\u205f\u200a to\u205f\u200a determine\u205f\u200a whether\u205f\u200a a\u205f\u200a
\nright-of-use\u205f\u200a asset\u205f\u200a is\u205f\u200a impaired\u205f\u200a and\u205f\u200a recognises\u205f\u200a any\u205f\u200a
\nimpairment\u205f\u200a loss\u205f\u200aas\u205f\u200adescribed\u205f\u200a in\u205f\u200a Note\u205f\u200a 8:\u205f\u200a Impairment\u205f\u200a
\nof assets.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag342": {
"value": "\n1.14. Impairment of assets
\nGoodwill\u205f\u200ais\u205f\u200anot\u205f\u200aamortised,\u205f\u200abut\u205f\u200ais\u205f\u200atested\u205f\u200afor\u205f\u200aimpairment\u205f\u200a
\nat\u205f\u200a least\u205f\u200a once\u205f\u200a a\u205f\u200a year,\u205f\u200a and\u205f\u200a whenever\u205f\u200a there\u205f\u200a is\u205f\u200a an\u205f\u200a
\nindication\u205f\u200aof\u205f\u200aimpairment.
\nIn\u205f\u200aaddition,\u205f\u200aat\u205f\u200aeach\u205f\u200areporting\u205f\u200adate,\u205f\u200athe\u205f\u200aGroup\u205f\u200areviews\u205f\u200a
\nthe\u205f\u200a carrying\u205f\u200a amounts\u205f\u200a of\u205f\u200a its\u205f\u200a intangible\u205f\u200a and\u205f\u200a tangible\u205f\u200a
\nassets,\u205f\u200aincluding\u205f\u200aits\u205f\u200aorganic\u205f\u200aproducing\u205f\u200aassets,\u205f\u200ain\u205f\u200aorder\u205f\u200a
\nto\u205f\u200aassess\u205f\u200awhether\u205f\u200athere\u205f\u200ais\u205f\u200aany\u205f\u200aindication\u205f\u200athat\u205f\u200aits\u205f\u200aassets\u205f\u200a
\nmay\u205f\u200a have\u205f\u200a lost\u205f\u200a value.\u205f\u200a If\u205f\u200a there\u205f\u200a is\u205f\u200a such\u205f\u200a an\u205f\u200a indication,\u205f\u200a
\nthe\u205f\u200arecoverable\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset\u205f\u200a is\u205f\u200aestimated\u205f\u200ato\u205f\u200a
\ndetermine,\u205f\u200a if\u205f\u200a applicable,\u205f\u200a the\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a loss\u205f\u200a or\u205f\u200a
\nimpairment. The recoverable amount is the highest of
\nthe\u205f\u200afair\u205f\u200avalue\u205f\u200aless\u205f\u200athe\u205f\u200acosts\u205f\u200ato\u205f\u200asell\u205f\u200athe\u205f\u200aasset\u205f\u200aand\u205f\u200athe\u205f\u200a
\nvalue in use.
\nThe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aproperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200aand\u205f\u200a
\nintangible\u205f\u200a assets\u205f\u200a is\u205f\u200a the\u205f\u200a present\u205f\u200a value\u205f\u200a of\u205f\u200a estimated\u205f\u200a
\nfuture\u205f\u200acash\u205f\u200aflows\u205f\u200aexpected\u205f\u200afrom\u205f\u200athe\u205f\u200a use\u205f\u200aof\u205f\u200aan\u205f\u200aasset\u205f\u200a
\nor\u205f\u200a cash-generating\u205f\u200a unit.\u205f\u200a When\u205f\u200a it\u205f\u200a is\u205f\u200a not\u205f\u200a possible\u205f\u200a to\u205f\u200a
\nestimate\u205f\u200athe\u205f\u200arecoverable\u205f\u200aamount\u205f\u200aof\u205f\u200aan\u205f\u200aisolated\u205f\u200aasset,\u205f\u200a
\nthe\u205f\u200aGroup\u205f\u200adetermines\u205f\u200athe\u205f\u200arecoverable\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200a
\ncash-generating unit to which the asset belongs.
\nIf\u205f\u200a the\u205f\u200a recoverable\u205f\u200a amount\u205f\u200a of\u205f\u200a an\u205f\u200a asset\u205f\u200a (or\u205f\u200a a\u205f\u200a cash-
\ngenerating\u205f\u200a unit)\u205f\u200a is\u205f\u200a estimated\u205f\u200a to\u205f\u200a be\u205f\u200a less\u205f\u200a than\u205f\u200a its\u205f\u200a
\ncarrying amount, the carrying amount of the asset
\n(cash-generating\u205f\u200a unit)\u205f\u200a is\u205f\u200a reduced\u205f\u200a to\u205f\u200a its\u205f\u200a recoverable\u205f\u200a
\namount.\u205f\u200a Impairment\u205f\u200a losses\u205f\u200a are\u205f\u200a immediately\u205f\u200a
\nrecognised\u205f\u200aas\u205f\u200aexpenses\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200astatement.
\nWhen\u205f\u200aan\u205f\u200aimpairment\u205f\u200a loss\u205f\u200a which\u205f\u200a was\u205f\u200arecognised\u205f\u200ain\u205f\u200aa\u205f\u200a
\nprior\u205f\u200aperiod\u205f\u200a no\u205f\u200alonger\u205f\u200a exists\u205f\u200aor\u205f\u200a needs\u205f\u200a to\u205f\u200a be\u205f\u200a written\u205f\u200a
\ndown,\u205f\u200a the\u205f\u200a carrying\u205f\u200a amount\u205f\u200a of\u205f\u200a the\u205f\u200a asset\u205f\u200a (cash-
\ngenerating\u205f\u200a unit)\u205f\u200a is\u205f\u200a increased\u205f\u200a to\u205f\u200a the\u205f\u200a extent\u205f\u200a of\u205f\u200a the\u205f\u200a
\nrevised\u205f\u200aestimate\u205f\u200aof\u205f\u200aits\u205f\u200arecoverable\u205f\u200aamount.\u205f\u200aHowever,\u205f\u200a
\nthis\u205f\u200a increased\u205f\u200a carrying\u205f\u200a amount\u205f\u200a may\u205f\u200a not\u205f\u200a exceed\u205f\u200a the\u205f\u200a
\ncarrying\u205f\u200aamount\u205f\u200athat\u205f\u200awould\u205f\u200ahave\u205f\u200abeen\u205f\u200adetermined\u205f\u200aif\u205f\u200a
\nno\u205f\u200aimpairment\u205f\u200aloss\u205f\u200ahad\u205f\u200abeen\u205f\u200arecognised\u205f\u200afor\u205f\u200athe\u205f\u200aasset\u205f\u200a
\n(cash-generating\u205f\u200a unit)\u205f\u200a in\u205f\u200a prior\u205f\u200a years.\u205f\u200a The\u205f\u200a reversal\u205f\u200a
\nof\u205f\u200a an\u205f\u200a impairment\u205f\u200a loss\u205f\u200a is\u205f\u200a recognised\u205f\u200a immediately\u205f\u200a in\u205f\u200a
\nincome in the income statement.
\nIt\u205f\u200ais\u205f\u200anot\u205f\u200apossible\u205f\u200ato\u205f\u200asubsequently\u205f\u200areverse\u205f\u200aan\u205f\u200aimpairment\u205f\u200a
\nloss\u205f\u200arecorded\u205f\u200aon\u205f\u200agoodwill.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag343": {
"value": "\n1.15. Inventories
\nInventories\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200athe\u205f\u200alower\u205f\u200aof\u205f\u200acost\u205f\u200aand\u205f\u200anet\u205f\u200a
\nrealisable\u205f\u200a value.\u205f\u200a Cost\u205f\u200a includes\u205f\u200a direct\u205f\u200a material\u205f\u200a costs\u205f\u200a
\nand,\u205f\u200a if\u205f\u200a applicable,\u205f\u200a direct\u205f\u200a labour\u205f\u200a costs\u205f\u200a and\u205f\u200a directly\u205f\u200a
\nattributable\u205f\u200aoverhead\u205f\u200acosts.
\nWhere\u205f\u200aspecific\u205f\u200aidentification\u205f\u200ais\u205f\u200anot\u205f\u200apossible,\u205f\u200athe\u205f\u200acost\u205f\u200a
\nis\u205f\u200a determined\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a weighted\u205f\u200a average\u205f\u200a cost\u205f\u200a
\nmethod.\u205f\u200aNet\u205f\u200arealisable\u205f\u200avalue\u205f\u200ais\u205f\u200athe\u205f\u200aestimated\u205f\u200aselling\u205f\u200a
\nprice\u205f\u200ain\u205f\u200athe\u205f\u200aordinary\u205f\u200acourse\u205f\u200aof\u205f\u200abusiness\u205f\u200aless\u205f\u200aestimated\u205f\u200a
\ncosts\u205f\u200aof\u205f\u200acompletion\u205f\u200aand\u205f\u200athe\u205f\u200aestimated\u205f\u200acosts\u205f\u200anecessary\u205f\u200a
\nto\u205f\u200acomplete\u205f\u200athe\u205f\u200asale\u205f\u200a(primarily\u205f\u200aselling\u205f\u200aexpenses).
\nImpairment or loss on inventory to net realisable value
\nis\u205f\u200arecognised\u205f\u200aas\u205f\u200aan\u205f\u200aexpense\u205f\u200ain\u205f\u200athe\u205f\u200aperiod\u205f\u200ain\u205f\u200awhich\u205f\u200athe\u205f\u200a
\nimpairment\u205f\u200aor\u205f\u200aloss\u205f\u200aoccurred.
\nAs\u205f\u200a explained\u205f\u200a in\u205f\u200a Note\u205f\u200a 1.12.\u205f\u200a Bearer\u205f\u200a biological\u205f\u200a assets,\u205f\u200a
\nagricultural\u205f\u200aproduction\u205f\u200ais\u205f\u200ameasured\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200aless\u205f\u200a
\nestimated\u205f\u200acosts\u205f\u200anecessary\u205f\u200ato\u205f\u200amake\u205f\u200athe\u205f\u200asale.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag358": {
"value": "\n1.16. Trade receivables
\nTrade\u205f\u200areceivables\u205f\u200aare\u205f\u200avalued\u205f\u200aat\u205f\u200atheir\u205f\u200anominal\u205f\u200avalue\u205f\u200aand\u205f\u200a
\ndo\u205f\u200anot\u205f\u200abear\u205f\u200ainterest.\u205f\u200aThe\u205f\u200aGroup\u205f\u200aapplies\u205f\u200a a\u205f\u200a simplified\u205f\u200a
\napproach and records a provision for expected losses
\nover the life of the receivables. This provision for
\nlosses\u205f\u200ais\u205f\u200aan\u205f\u200aamount\u205f\u200athat\u205f\u200athe\u205f\u200aGroup\u205f\u200aconsiders\u205f\u200aa\u205f\u200areliable\u205f\u200a
\nestimate of the inability of its customers to make the
\nrequired\u205f\u200apayments\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a34).
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag344": {
"value": "\n1.17. Cash and cash equivalents
\nCash\u205f\u200a and\u205f\u200a cash\u205f\u200a equivalents\u205f\u200a include\u205f\u200a cash,\u205f\u200a demand\u205f\u200a
\ndeposits,\u205f\u200ashort-term\u205f\u200adeposits\u205f\u200a of\u205f\u200a less\u205f\u200a than\u205f\u200a3\u205f\u200amonths,\u205f\u200a
\nas well as investments that are subject to a negligible
\nrisk\u205f\u200aof\u205f\u200achange\u205f\u200ain\u205f\u200avalue\u205f\u200aand\u205f\u200aare\u205f\u200aeasily\u205f\u200aconvertible\u205f\u200ainto\u205f\u200a
\na known amount of cash, having a maturity of three
\nmonths or less.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag345": {
"value": "\n
\n\n
\n\n
\n
\n1.18. Financial instruments
\nFinancial\u205f\u200a assets\u205f\u200aand\u205f\u200a liabilities\u205f\u200a are\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nconsolidated\u205f\u200a statement\u205f\u200a of\u205f\u200a the\u205f\u200a financial\u205f\u200a position\u205f\u200a
\nwhen the Group becomes a party to the contractual
\nprovisions of the instrument.
\n\nLoans
\nThe\u205f\u200a Group\u2019s\u205f\u200a business\u205f\u200a model\u205f\u200a for\u205f\u200a financial\u205f\u200a assets\u205f\u200a
\nmanagement\u205f\u200a describes\u205f\u200a the\u205f\u200a way\u205f\u200a it\u205f\u200a manages\u205f\u200a its\u205f\u200a
\nfinancial\u205f\u200aassets\u205f\u200ain\u205f\u200a order\u205f\u200ato\u205f\u200agenerate\u205f\u200acash\u205f\u200aflows.\u205f\u200aThe\u205f\u200a
\nbusiness\u205f\u200a model\u205f\u200a determines\u205f\u200a whether\u205f\u200a cash\u205f\u200a flows\u205f\u200a will\u205f\u200a
\nresult\u205f\u200afrom\u205f\u200athe\u205f\u200acollection\u205f\u200aof\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows,\u205f\u200a
\nfrom\u205f\u200athe\u205f\u200adisposal\u205f\u200aof\u205f\u200afinancial\u205f\u200aassets,\u205f\u200aor\u205f\u200aboth.\u205f\u200aFinancial\u205f\u200a
\nassets\u205f\u200aclassified\u205f\u200aand\u205f\u200ameasured\u205f\u200aat\u205f\u200aamortised\u205f\u200acost\u205f\u200aare\u205f\u200a
\nheld\u205f\u200ain\u205f\u200aa\u205f\u200abusiness\u205f\u200amodel\u205f\u200awith\u205f\u200athe\u205f\u200aaim\u205f\u200ato\u205f\u200ahold\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200aand\u205f\u200acollect\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows.\u205f\u200aLong-term\u205f\u200a
\nadvances\u205f\u200aand\u205f\u200aother\u205f\u200areceivables\u205f\u200aare\u205f\u200aheld\u205f\u200afor\u205f\u200athe\u205f\u200asole\u205f\u200a
\npurpose\u205f\u200aof\u205f\u200acollecting\u205f\u200aprincipal\u205f\u200aand\u205f\u200ainterest.\u205f\u200aAs\u205f\u200asuch,\u205f\u200a
\nthey\u205f\u200a comply\u205f\u200a with\u205f\u200a the\u205f\u200a \u201cSolely\u205f\u200a Payments\u205f\u200a of\u205f\u200a Principal\u205f\u200a
\nand\u205f\u200aInterest\u201d\u205f\u200a(SPPI
\nG
\n)\u205f\u200amodel.\u205f\u200aThey\u205f\u200aare\u205f\u200aaccounted\u205f\u200afor\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aamortised\u205f\u200acost\u205f\u200amethod.
\nLoans\u205f\u200abearing\u205f\u200ainterest\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200a
\nof\u205f\u200a the\u205f\u200a amounts\u205f\u200a given,\u205f\u200a less\u205f\u200a direct\u205f\u200a costs\u205f\u200a of\u205f\u200a issue.\u205f\u200a
\nFinancial\u205f\u200aincome\u205f\u200ais\u205f\u200aadded\u205f\u200ato\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200a
\nthe\u205f\u200ainstrument\u205f\u200ato\u205f\u200athe\u205f\u200aextent\u205f\u200athat\u205f\u200ait\u205f\u200ais\u205f\u200anot\u205f\u200areceived\u205f\u200ain\u205f\u200a
\nthe\u205f\u200a period\u205f\u200ain\u205f\u200a which\u205f\u200a it\u205f\u200a occurs.\u205f\u200a Interest\u205f\u200a is\u205f\u200a calculated\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aeffective\u205f\u200ainterest\u205f\u200arate\u205f\u200amethod.
\nThe\u205f\u200aGroup\u205f\u200aapplies\u205f\u200athe\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200asimplification:\u205f\u200aat\u205f\u200a
\nevery\u205f\u200areporting\u205f\u200adate,\u205f\u200athe\u205f\u200aGroup\u205f\u200aevaluates\u205f\u200awhether\u205f\u200athe\u205f\u200a
\ndebt\u205f\u200ainstrument\u205f\u200ais\u205f\u200aconsidered\u205f\u200ato\u205f\u200ahave\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200a
\nusing\u205f\u200aall\u205f\u200areasonable\u205f\u200aand\u205f\u200asupportable\u205f\u200ainformation\u205f\u200athat\u205f\u200a
\nis\u205f\u200a available\u205f\u200awithout\u205f\u200a undue\u205f\u200a cost\u205f\u200a or\u205f\u200a effort.\u205f\u200a In\u205f\u200a making\u205f\u200a
\nthat evaluation, the Group reassesses the internal
\ncredit\u205f\u200a rating\u205f\u200a of\u205f\u200a the\u205f\u200a debt\u205f\u200a instrument.\u205f\u200a In\u205f\u200a addition,\u205f\u200a
\nthe\u205f\u200aGroup\u205f\u200aconsiders\u205f\u200athat\u205f\u200athere\u205f\u200ahas\u205f\u200abeen\u205f\u200aa\u205f\u200asignificant\u205f\u200a
\nincrease\u205f\u200ain\u205f\u200acredit\u205f\u200arisk\u205f\u200awhen\u205f\u200acontractual\u205f\u200apayments\u205f\u200aare\u205f\u200a
\nmore\u205f\u200athan\u205f\u200a30\u205f\u200adays\u205f\u200apast\u205f\u200adue.
\nInterest-bearing\u205f\u200a borrowings\u205f\u200a and\u205f\u200a overdrafts\u205f\u200a are\u205f\u200a
\nrecorded\u205f\u200afor\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200aof\u205f\u200aamounts\u205f\u200areceived,\u205f\u200aminus\u205f\u200a
\ndirect\u205f\u200aissue\u205f\u200acosts.\u205f\u200aFinancial\u205f\u200aexpenses\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nin\u205f\u200a income\u205f\u200a statement\u205f\u200a and\u205f\u200a are\u205f\u200a added\u205f\u200a to\u205f\u200a the\u205f\u200a carrying\u205f\u200a
\namount of the instrument to the extent that they are
\nunpaid\u205f\u200ain\u205f\u200athe\u205f\u200ayear\u205f\u200ain\u205f\u200awhich\u205f\u200athey\u205f\u200aoccur.
\nThe carrying amount is a reasonable approximation of
\nfair\u205f\u200avalue\u205f\u200ain\u205f\u200athe\u205f\u200acase\u205f\u200aof\u205f\u200afinancial\u205f\u200ainstruments\u205f\u200asuch\u205f\u200aas\u205f\u200a
\nborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200awith\u205f\u200ashort-term\u205f\u200amaturity.
\nThe\u205f\u200afair\u205f\u200avalue\u205f\u200ameasurement\u205f\u200aof\u205f\u200aborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200a
\nwith\u205f\u200a financial\u205f\u200a institutions,\u205f\u200a other\u205f\u200a than\u205f\u200a in\u205f\u200a the\u205f\u200a short\u205f\u200a
\nterm,\u205f\u200adepends\u205f\u200aboth\u205f\u200aon\u205f\u200athe\u205f\u200aspecifics\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200aand\u205f\u200a
\non\u205f\u200a current\u205f\u200a market\u205f\u200a conditions.\u205f\u200a The\u205f\u200a fair\u205f\u200a value\u205f\u200a was\u205f\u200a
\ncalculated\u205f\u200a by\u205f\u200a discounting\u205f\u200a the\u205f\u200a expected\u205f\u200a future\u205f\u200a cash\u205f\u200a
\nflows\u205f\u200aat\u205f\u200athe\u205f\u200are-estimated\u205f\u200ainterest\u205f\u200arates\u205f\u200aprevailing\u205f\u200aat\u205f\u200a
\nthe\u205f\u200a balance\u205f\u200a sheet\u205f\u200a date\u205f\u200a over\u205f\u200a the\u205f\u200a remaining\u205f\u200a term\u205f\u200a of\u205f\u200a
\nrepayment\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a25).
\nThe\u205f\u200a Group\u205f\u200a relied\u205f\u200a on\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a the\u205f\u200a interest\u205f\u200a
\nrate\u205f\u200a of\u205f\u200a the\u205f\u200a European\u205f\u200a Central\u205f\u200a Bank\u205f\u200a adjusted\u205f\u200a for\u205f\u200a the\u205f\u200a
\nspecific\u205f\u200arisk\u205f\u200ainherent\u205f\u200ain\u205f\u200aeach\u205f\u200afinancial\u205f\u200ainstrument,\u205f\u200aas\u205f\u200a
\na reasonable benchmark for estimating the fair value
\nof\u205f\u200asuch\u205f\u200aborrowings\u205f\u200a(see\u205f\u200aNote\u205f\u200a25).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial assets designated at fair value through
\nOCI (equity instruments)
\nUpon initial recognition, the Group can elect to
\nclassify\u205f\u200a irrevocably\u205f\u200a its\u205f\u200a equity\u205f\u200a investments\u205f\u200a as\u205f\u200a equity\u205f\u200a
\ninstruments\u205f\u200a designated\u205f\u200a at\u205f\u200a fair\u205f\u200a value\u205f\u200a through\u205f\u200a OCI\u205f\u200a
\nif\u205f\u200a they\u205f\u200a meet\u205f\u200a the\u205f\u200a definition\u205f\u200a of\u205f\u200a equity\u205f\u200a under\u205f\u200a IAS
\nG
\n 32
\nFinancial\u205f\u200aInstruments:\u205f\u200aPresentation\u205f\u200aand\u205f\u200aare\u205f\u200anot\u205f\u200aheld\u205f\u200a
\nfor\u205f\u200a trading.\u205f\u200a The\u205f\u200a classification\u205f\u200a is\u205f\u200a determined\u205f\u200a on\u205f\u200a an\u205f\u200a
\ninstrument-by-instrument basis.
\nGains\u205f\u200a and\u205f\u200alosses\u205f\u200a on\u205f\u200athese\u205f\u200a financial\u205f\u200aassets\u205f\u200a are\u205f\u200anever\u205f\u200a
\nrecycled\u205f\u200ainto\u205f\u200aprofit\u205f\u200aor\u205f\u200aloss.\u205f\u200aDividends\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nas\u205f\u200a other\u205f\u200a income\u205f\u200a in\u205f\u200a the\u205f\u200a statement\u205f\u200a of\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a
\nwhen\u205f\u200a the\u205f\u200a right\u205f\u200a of\u205f\u200a payment\u205f\u200a has\u205f\u200a been\u205f\u200a established,\u205f\u200a
\nexcept\u205f\u200awhen\u205f\u200athe\u205f\u200aGroup\u205f\u200abenefits\u205f\u200a from\u205f\u200asuch\u205f\u200aproceeds\u205f\u200a
\nas\u205f\u200aa\u205f\u200arecovery\u205f\u200aof\u205f\u200apart\u205f\u200aof\u205f\u200athe\u205f\u200acost\u205f\u200aof\u205f\u200athe\u205f\u200afinancial\u205f\u200aasset,\u205f\u200a
\nin\u205f\u200awhich\u205f\u200acase,\u205f\u200asuch\u205f\u200agains\u205f\u200aare\u205f\u200arecorded\u205f\u200ain\u205f\u200aOCI.\u205f\u200aEquity\u205f\u200a
\ninstruments\u205f\u200adesignated\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200athrough\u205f\u200aOCI\u205f\u200aare\u205f\u200a
\nnot subject to impairment assessment.
\nThe\u205f\u200a Group\u205f\u200a elected\u205f\u200a to\u205f\u200a classify\u205f\u200a irrevocably\u205f\u200a its\u205f\u200a non-
\nlisted\u205f\u200aequity\u205f\u200ainvestments\u205f\u200aunder\u205f\u200athis\u205f\u200acategory.
\nOther financial assets and liabilities
\nOther\u205f\u200a financial\u205f\u200a assets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a are\u205f\u200a recorded\u205f\u200a at\u205f\u200a
\ntheir\u205f\u200aacquisition\u205f\u200acost.\u205f\u200aThe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aother\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a is\u205f\u200a estimated\u205f\u200a to\u205f\u200a be\u205f\u200a close\u205f\u200a to\u205f\u200a the\u205f\u200a
\ncarrying amount.
\nThe\u205f\u200a receivables\u205f\u200a are\u205f\u200a valued\u205f\u200a at\u205f\u200a their\u205f\u200a nominal\u205f\u200a value\u205f\u200a
\n(at\u205f\u200a cost)\u205f\u200a minus\u205f\u200a any\u205f\u200a write-downs\u205f\u200a covering\u205f\u200a amounts\u205f\u200a
\nconsidered\u205f\u200aas\u205f\u200anon-recoverable\u205f\u200aif\u205f\u200athe\u205f\u200a Group\u205f\u200a deems\u205f\u200a it\u205f\u200a
\nnecessary.\u205f\u200a Impairment\u205f\u200a of\u205f\u200a assets\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nincome\u205f\u200a statement\u205f\u200a under\u205f\u200a \u201cOther\u205f\u200a operating\u205f\u200a income/
\nexpenses\".\u205f\u200a The\u205f\u200a Group\u205f\u200a has\u205f\u200a established\u205f\u200a a\u205f\u200a provision\u205f\u200a
\nmatrix,\u205f\u200abased\u205f\u200a on\u205f\u200a its\u205f\u200ahistorical\u205f\u200a credit\u205f\u200aloss\u205f\u200aexperience\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n
\n\n(average\u205f\u200a default\u205f\u200a over\u205f\u200a several\u205f\u200a years),\u205f\u200a which\u205f\u200a was\u205f\u200a
\nadjusted\u205f\u200afor\u205f\u200aprospective\u205f\u200afactors\u205f\u200aspecific\u205f\u200ato\u205f\u200athe\u205f\u200adebtors\u205f\u200a
\nand\u205f\u200athe\u205f\u200aeconomic\u205f\u200aenvironment.\u205f\u200aThe\u205f\u200acarrying\u205f\u200aamount\u205f\u200a
\nof\u205f\u200athe\u205f\u200aasset\u205f\u200ais\u205f\u200areduced\u205f\u200ausing\u205f\u200aa\u205f\u200aprovision\u205f\u200aaccount,\u205f\u200aand\u205f\u200a
\nthe\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aloss\u205f\u200ais\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aconsolidated\u205f\u200a
\nincome\u205f\u200a statement.\u205f\u200a The\u205f\u200a Board\u205f\u200a of\u205f\u200a Directors\u205f\u200a of\u205f\u200a each\u205f\u200a
\nsubsidiary\u205f\u200aevaluates\u205f\u200athe\u205f\u200areceivables\u205f\u200aindividually.\u205f\u200aValue\u205f\u200a
\nadjustments\u205f\u200a are\u205f\u200a determined\u205f\u200a by\u205f\u200a taking\u205f\u200a into\u205f\u200a account\u205f\u200a
\nthe local economic reality of each country. They are
\nreviewed\u205f\u200aat\u205f\u200athe\u205f\u200areception\u205f\u200aof\u205f\u200anew\u205f\u200aevents\u205f\u200aand\u205f\u200aat\u205f\u200aleast\u205f\u200a
\nannually.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag346": {
"value": "\n
\n\n
\n
\n1.18. Financial instruments
\nFinancial\u205f\u200a assets\u205f\u200aand\u205f\u200a liabilities\u205f\u200a are\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nconsolidated\u205f\u200a statement\u205f\u200a of\u205f\u200a the\u205f\u200a financial\u205f\u200a position\u205f\u200a
\nwhen the Group becomes a party to the contractual
\nprovisions of the instrument.
\n\nLoans
\nThe\u205f\u200a Group\u2019s\u205f\u200a business\u205f\u200a model\u205f\u200a for\u205f\u200a financial\u205f\u200a assets\u205f\u200a
\nmanagement\u205f\u200a describes\u205f\u200a the\u205f\u200a way\u205f\u200a it\u205f\u200a manages\u205f\u200a its\u205f\u200a
\nfinancial\u205f\u200aassets\u205f\u200ain\u205f\u200a order\u205f\u200ato\u205f\u200agenerate\u205f\u200acash\u205f\u200aflows.\u205f\u200aThe\u205f\u200a
\nbusiness\u205f\u200a model\u205f\u200a determines\u205f\u200a whether\u205f\u200a cash\u205f\u200a flows\u205f\u200a will\u205f\u200a
\nresult\u205f\u200afrom\u205f\u200athe\u205f\u200acollection\u205f\u200aof\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows,\u205f\u200a
\nfrom\u205f\u200athe\u205f\u200adisposal\u205f\u200aof\u205f\u200afinancial\u205f\u200aassets,\u205f\u200aor\u205f\u200aboth.\u205f\u200aFinancial\u205f\u200a
\nassets\u205f\u200aclassified\u205f\u200aand\u205f\u200ameasured\u205f\u200aat\u205f\u200aamortised\u205f\u200acost\u205f\u200aare\u205f\u200a
\nheld\u205f\u200ain\u205f\u200aa\u205f\u200abusiness\u205f\u200amodel\u205f\u200awith\u205f\u200athe\u205f\u200aaim\u205f\u200ato\u205f\u200ahold\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200aand\u205f\u200acollect\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows.\u205f\u200aLong-term\u205f\u200a
\nadvances\u205f\u200aand\u205f\u200aother\u205f\u200areceivables\u205f\u200aare\u205f\u200aheld\u205f\u200afor\u205f\u200athe\u205f\u200asole\u205f\u200a
\npurpose\u205f\u200aof\u205f\u200acollecting\u205f\u200aprincipal\u205f\u200aand\u205f\u200ainterest.\u205f\u200aAs\u205f\u200asuch,\u205f\u200a
\nthey\u205f\u200a comply\u205f\u200a with\u205f\u200a the\u205f\u200a \u201cSolely\u205f\u200a Payments\u205f\u200a of\u205f\u200a Principal\u205f\u200a
\nand\u205f\u200aInterest\u201d\u205f\u200a(SPPI
\nG
\n)\u205f\u200amodel.\u205f\u200aThey\u205f\u200aare\u205f\u200aaccounted\u205f\u200afor\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aamortised\u205f\u200acost\u205f\u200amethod.
\nLoans\u205f\u200abearing\u205f\u200ainterest\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200a
\nof\u205f\u200a the\u205f\u200a amounts\u205f\u200a given,\u205f\u200a less\u205f\u200a direct\u205f\u200a costs\u205f\u200a of\u205f\u200a issue.\u205f\u200a
\nFinancial\u205f\u200aincome\u205f\u200ais\u205f\u200aadded\u205f\u200ato\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200a
\nthe\u205f\u200ainstrument\u205f\u200ato\u205f\u200athe\u205f\u200aextent\u205f\u200athat\u205f\u200ait\u205f\u200ais\u205f\u200anot\u205f\u200areceived\u205f\u200ain\u205f\u200a
\nthe\u205f\u200a period\u205f\u200ain\u205f\u200a which\u205f\u200a it\u205f\u200a occurs.\u205f\u200a Interest\u205f\u200a is\u205f\u200a calculated\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aeffective\u205f\u200ainterest\u205f\u200arate\u205f\u200amethod.
\nThe\u205f\u200aGroup\u205f\u200aapplies\u205f\u200athe\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200asimplification:\u205f\u200aat\u205f\u200a
\nevery\u205f\u200areporting\u205f\u200adate,\u205f\u200athe\u205f\u200aGroup\u205f\u200aevaluates\u205f\u200awhether\u205f\u200athe\u205f\u200a
\ndebt\u205f\u200ainstrument\u205f\u200ais\u205f\u200aconsidered\u205f\u200ato\u205f\u200ahave\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200a
\nusing\u205f\u200aall\u205f\u200areasonable\u205f\u200aand\u205f\u200asupportable\u205f\u200ainformation\u205f\u200athat\u205f\u200a
\nis\u205f\u200a available\u205f\u200awithout\u205f\u200a undue\u205f\u200a cost\u205f\u200a or\u205f\u200a effort.\u205f\u200a In\u205f\u200a making\u205f\u200a
\nthat evaluation, the Group reassesses the internal
\ncredit\u205f\u200a rating\u205f\u200a of\u205f\u200a the\u205f\u200a debt\u205f\u200a instrument.\u205f\u200a In\u205f\u200a addition,\u205f\u200a
\nthe\u205f\u200aGroup\u205f\u200aconsiders\u205f\u200athat\u205f\u200athere\u205f\u200ahas\u205f\u200abeen\u205f\u200aa\u205f\u200asignificant\u205f\u200a
\nincrease\u205f\u200ain\u205f\u200acredit\u205f\u200arisk\u205f\u200awhen\u205f\u200acontractual\u205f\u200apayments\u205f\u200aare\u205f\u200a
\nmore\u205f\u200athan\u205f\u200a30\u205f\u200adays\u205f\u200apast\u205f\u200adue.
\nInterest-bearing\u205f\u200a borrowings\u205f\u200a and\u205f\u200a overdrafts\u205f\u200a are\u205f\u200a
\nrecorded\u205f\u200afor\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200aof\u205f\u200aamounts\u205f\u200areceived,\u205f\u200aminus\u205f\u200a
\ndirect\u205f\u200aissue\u205f\u200acosts.\u205f\u200aFinancial\u205f\u200aexpenses\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nin\u205f\u200a income\u205f\u200a statement\u205f\u200a and\u205f\u200a are\u205f\u200a added\u205f\u200a to\u205f\u200a the\u205f\u200a carrying\u205f\u200a
\namount of the instrument to the extent that they are
\nunpaid\u205f\u200ain\u205f\u200athe\u205f\u200ayear\u205f\u200ain\u205f\u200awhich\u205f\u200athey\u205f\u200aoccur.
\nThe carrying amount is a reasonable approximation of
\nfair\u205f\u200avalue\u205f\u200ain\u205f\u200athe\u205f\u200acase\u205f\u200aof\u205f\u200afinancial\u205f\u200ainstruments\u205f\u200asuch\u205f\u200aas\u205f\u200a
\nborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200awith\u205f\u200ashort-term\u205f\u200amaturity.
\nThe\u205f\u200afair\u205f\u200avalue\u205f\u200ameasurement\u205f\u200aof\u205f\u200aborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200a
\nwith\u205f\u200a financial\u205f\u200a institutions,\u205f\u200a other\u205f\u200a than\u205f\u200a in\u205f\u200a the\u205f\u200a short\u205f\u200a
\nterm,\u205f\u200adepends\u205f\u200aboth\u205f\u200aon\u205f\u200athe\u205f\u200aspecifics\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200aand\u205f\u200a
\non\u205f\u200a current\u205f\u200a market\u205f\u200a conditions.\u205f\u200a The\u205f\u200a fair\u205f\u200a value\u205f\u200a was\u205f\u200a
\ncalculated\u205f\u200a by\u205f\u200a discounting\u205f\u200a the\u205f\u200a expected\u205f\u200a future\u205f\u200a cash\u205f\u200a
\nflows\u205f\u200aat\u205f\u200athe\u205f\u200are-estimated\u205f\u200ainterest\u205f\u200arates\u205f\u200aprevailing\u205f\u200aat\u205f\u200a
\nthe\u205f\u200a balance\u205f\u200a sheet\u205f\u200a date\u205f\u200a over\u205f\u200a the\u205f\u200a remaining\u205f\u200a term\u205f\u200a of\u205f\u200a
\nrepayment\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a25).
\nThe\u205f\u200a Group\u205f\u200a relied\u205f\u200a on\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a the\u205f\u200a interest\u205f\u200a
\nrate\u205f\u200a of\u205f\u200a the\u205f\u200a European\u205f\u200a Central\u205f\u200a Bank\u205f\u200a adjusted\u205f\u200a for\u205f\u200a the\u205f\u200a
\nspecific\u205f\u200arisk\u205f\u200ainherent\u205f\u200ain\u205f\u200aeach\u205f\u200afinancial\u205f\u200ainstrument,\u205f\u200aas\u205f\u200a
\na reasonable benchmark for estimating the fair value
\nof\u205f\u200asuch\u205f\u200aborrowings\u205f\u200a(see\u205f\u200aNote\u205f\u200a25).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial assets designated at fair value through
\nOCI (equity instruments)
\nUpon initial recognition, the Group can elect to
\nclassify\u205f\u200a irrevocably\u205f\u200a its\u205f\u200a equity\u205f\u200a investments\u205f\u200a as\u205f\u200a equity\u205f\u200a
\ninstruments\u205f\u200a designated\u205f\u200a at\u205f\u200a fair\u205f\u200a value\u205f\u200a through\u205f\u200a OCI\u205f\u200a
\nif\u205f\u200a they\u205f\u200a meet\u205f\u200a the\u205f\u200a definition\u205f\u200a of\u205f\u200a equity\u205f\u200a under\u205f\u200a IAS
\nG
\n 32
\nFinancial\u205f\u200aInstruments:\u205f\u200aPresentation\u205f\u200aand\u205f\u200aare\u205f\u200anot\u205f\u200aheld\u205f\u200a
\nfor\u205f\u200a trading.\u205f\u200a The\u205f\u200a classification\u205f\u200a is\u205f\u200a determined\u205f\u200a on\u205f\u200a an\u205f\u200a
\ninstrument-by-instrument basis.
\nGains\u205f\u200a and\u205f\u200alosses\u205f\u200a on\u205f\u200athese\u205f\u200a financial\u205f\u200aassets\u205f\u200a are\u205f\u200anever\u205f\u200a
\nrecycled\u205f\u200ainto\u205f\u200aprofit\u205f\u200aor\u205f\u200aloss.\u205f\u200aDividends\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nas\u205f\u200a other\u205f\u200a income\u205f\u200a in\u205f\u200a the\u205f\u200a statement\u205f\u200a of\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a
\nwhen\u205f\u200a the\u205f\u200a right\u205f\u200a of\u205f\u200a payment\u205f\u200a has\u205f\u200a been\u205f\u200a established,\u205f\u200a
\nexcept\u205f\u200awhen\u205f\u200athe\u205f\u200aGroup\u205f\u200abenefits\u205f\u200a from\u205f\u200asuch\u205f\u200aproceeds\u205f\u200a
\nas\u205f\u200aa\u205f\u200arecovery\u205f\u200aof\u205f\u200apart\u205f\u200aof\u205f\u200athe\u205f\u200acost\u205f\u200aof\u205f\u200athe\u205f\u200afinancial\u205f\u200aasset,\u205f\u200a
\nin\u205f\u200awhich\u205f\u200acase,\u205f\u200asuch\u205f\u200agains\u205f\u200aare\u205f\u200arecorded\u205f\u200ain\u205f\u200aOCI.\u205f\u200aEquity\u205f\u200a
\ninstruments\u205f\u200adesignated\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200athrough\u205f\u200aOCI\u205f\u200aare\u205f\u200a
\nnot subject to impairment assessment.
\nThe\u205f\u200a Group\u205f\u200a elected\u205f\u200a to\u205f\u200a classify\u205f\u200a irrevocably\u205f\u200a its\u205f\u200a non-
\nlisted\u205f\u200aequity\u205f\u200ainvestments\u205f\u200aunder\u205f\u200athis\u205f\u200acategory.
\nOther financial assets and liabilities
\nOther\u205f\u200a financial\u205f\u200a assets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a are\u205f\u200a recorded\u205f\u200a at\u205f\u200a
\ntheir\u205f\u200aacquisition\u205f\u200acost.\u205f\u200aThe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aother\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a is\u205f\u200a estimated\u205f\u200a to\u205f\u200a be\u205f\u200a close\u205f\u200a to\u205f\u200a the\u205f\u200a
\ncarrying amount.
\nThe\u205f\u200a receivables\u205f\u200a are\u205f\u200a valued\u205f\u200a at\u205f\u200a their\u205f\u200a nominal\u205f\u200a value\u205f\u200a
\n(at\u205f\u200a cost)\u205f\u200a minus\u205f\u200a any\u205f\u200a write-downs\u205f\u200a covering\u205f\u200a amounts\u205f\u200a
\nconsidered\u205f\u200aas\u205f\u200anon-recoverable\u205f\u200aif\u205f\u200athe\u205f\u200a Group\u205f\u200a deems\u205f\u200a it\u205f\u200a
\nnecessary.\u205f\u200a Impairment\u205f\u200a of\u205f\u200a assets\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nincome\u205f\u200a statement\u205f\u200a under\u205f\u200a \u201cOther\u205f\u200a operating\u205f\u200a income/
\nexpenses\".\u205f\u200a The\u205f\u200a Group\u205f\u200a has\u205f\u200a established\u205f\u200a a\u205f\u200a provision\u205f\u200a
\nmatrix,\u205f\u200abased\u205f\u200a on\u205f\u200a its\u205f\u200ahistorical\u205f\u200a credit\u205f\u200aloss\u205f\u200aexperience\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n(average\u205f\u200a default\u205f\u200a over\u205f\u200a several\u205f\u200a years),\u205f\u200a which\u205f\u200a was\u205f\u200a
\nadjusted\u205f\u200afor\u205f\u200aprospective\u205f\u200afactors\u205f\u200aspecific\u205f\u200ato\u205f\u200athe\u205f\u200adebtors\u205f\u200a
\nand\u205f\u200athe\u205f\u200aeconomic\u205f\u200aenvironment.\u205f\u200aThe\u205f\u200acarrying\u205f\u200aamount\u205f\u200a
\nof\u205f\u200athe\u205f\u200aasset\u205f\u200ais\u205f\u200areduced\u205f\u200ausing\u205f\u200aa\u205f\u200aprovision\u205f\u200aaccount,\u205f\u200aand\u205f\u200a
\nthe\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aloss\u205f\u200ais\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aconsolidated\u205f\u200a
\nincome\u205f\u200a statement.\u205f\u200a The\u205f\u200a Board\u205f\u200a of\u205f\u200a Directors\u205f\u200a of\u205f\u200a each\u205f\u200a
\nsubsidiary\u205f\u200aevaluates\u205f\u200athe\u205f\u200areceivables\u205f\u200aindividually.\u205f\u200aValue\u205f\u200a
\nadjustments\u205f\u200a are\u205f\u200a determined\u205f\u200a by\u205f\u200a taking\u205f\u200a into\u205f\u200a account\u205f\u200a
\nthe local economic reality of each country. They are
\nreviewed\u205f\u200aat\u205f\u200athe\u205f\u200areception\u205f\u200aof\u205f\u200anew\u205f\u200aevents\u205f\u200aand\u205f\u200aat\u205f\u200aleast\u205f\u200a
\nannually.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag347": {
"value": "\n
\n
\n1.18. Financial instruments
\nFinancial\u205f\u200a assets\u205f\u200aand\u205f\u200a liabilities\u205f\u200a are\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nconsolidated\u205f\u200a statement\u205f\u200a of\u205f\u200a the\u205f\u200a financial\u205f\u200a position\u205f\u200a
\nwhen the Group becomes a party to the contractual
\nprovisions of the instrument.
\n\nLoans
\nThe\u205f\u200a Group\u2019s\u205f\u200a business\u205f\u200a model\u205f\u200a for\u205f\u200a financial\u205f\u200a assets\u205f\u200a
\nmanagement\u205f\u200a describes\u205f\u200a the\u205f\u200a way\u205f\u200a it\u205f\u200a manages\u205f\u200a its\u205f\u200a
\nfinancial\u205f\u200aassets\u205f\u200ain\u205f\u200a order\u205f\u200ato\u205f\u200agenerate\u205f\u200acash\u205f\u200aflows.\u205f\u200aThe\u205f\u200a
\nbusiness\u205f\u200a model\u205f\u200a determines\u205f\u200a whether\u205f\u200a cash\u205f\u200a flows\u205f\u200a will\u205f\u200a
\nresult\u205f\u200afrom\u205f\u200athe\u205f\u200acollection\u205f\u200aof\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows,\u205f\u200a
\nfrom\u205f\u200athe\u205f\u200adisposal\u205f\u200aof\u205f\u200afinancial\u205f\u200aassets,\u205f\u200aor\u205f\u200aboth.\u205f\u200aFinancial\u205f\u200a
\nassets\u205f\u200aclassified\u205f\u200aand\u205f\u200ameasured\u205f\u200aat\u205f\u200aamortised\u205f\u200acost\u205f\u200aare\u205f\u200a
\nheld\u205f\u200ain\u205f\u200aa\u205f\u200abusiness\u205f\u200amodel\u205f\u200awith\u205f\u200athe\u205f\u200aaim\u205f\u200ato\u205f\u200ahold\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200aand\u205f\u200acollect\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows.\u205f\u200aLong-term\u205f\u200a
\nadvances\u205f\u200aand\u205f\u200aother\u205f\u200areceivables\u205f\u200aare\u205f\u200aheld\u205f\u200afor\u205f\u200athe\u205f\u200asole\u205f\u200a
\npurpose\u205f\u200aof\u205f\u200acollecting\u205f\u200aprincipal\u205f\u200aand\u205f\u200ainterest.\u205f\u200aAs\u205f\u200asuch,\u205f\u200a
\nthey\u205f\u200a comply\u205f\u200a with\u205f\u200a the\u205f\u200a \u201cSolely\u205f\u200a Payments\u205f\u200a of\u205f\u200a Principal\u205f\u200a
\nand\u205f\u200aInterest\u201d\u205f\u200a(SPPI
\nG
\n)\u205f\u200amodel.\u205f\u200aThey\u205f\u200aare\u205f\u200aaccounted\u205f\u200afor\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aamortised\u205f\u200acost\u205f\u200amethod.
\nLoans\u205f\u200abearing\u205f\u200ainterest\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200a
\nof\u205f\u200a the\u205f\u200a amounts\u205f\u200a given,\u205f\u200a less\u205f\u200a direct\u205f\u200a costs\u205f\u200a of\u205f\u200a issue.\u205f\u200a
\nFinancial\u205f\u200aincome\u205f\u200ais\u205f\u200aadded\u205f\u200ato\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200a
\nthe\u205f\u200ainstrument\u205f\u200ato\u205f\u200athe\u205f\u200aextent\u205f\u200athat\u205f\u200ait\u205f\u200ais\u205f\u200anot\u205f\u200areceived\u205f\u200ain\u205f\u200a
\nthe\u205f\u200a period\u205f\u200ain\u205f\u200a which\u205f\u200a it\u205f\u200a occurs.\u205f\u200a Interest\u205f\u200a is\u205f\u200a calculated\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aeffective\u205f\u200ainterest\u205f\u200arate\u205f\u200amethod.
\nThe\u205f\u200aGroup\u205f\u200aapplies\u205f\u200athe\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200asimplification:\u205f\u200aat\u205f\u200a
\nevery\u205f\u200areporting\u205f\u200adate,\u205f\u200athe\u205f\u200aGroup\u205f\u200aevaluates\u205f\u200awhether\u205f\u200athe\u205f\u200a
\ndebt\u205f\u200ainstrument\u205f\u200ais\u205f\u200aconsidered\u205f\u200ato\u205f\u200ahave\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200a
\nusing\u205f\u200aall\u205f\u200areasonable\u205f\u200aand\u205f\u200asupportable\u205f\u200ainformation\u205f\u200athat\u205f\u200a
\nis\u205f\u200a available\u205f\u200awithout\u205f\u200a undue\u205f\u200a cost\u205f\u200a or\u205f\u200a effort.\u205f\u200a In\u205f\u200a making\u205f\u200a
\nthat evaluation, the Group reassesses the internal
\ncredit\u205f\u200a rating\u205f\u200a of\u205f\u200a the\u205f\u200a debt\u205f\u200a instrument.\u205f\u200a In\u205f\u200a addition,\u205f\u200a
\nthe\u205f\u200aGroup\u205f\u200aconsiders\u205f\u200athat\u205f\u200athere\u205f\u200ahas\u205f\u200abeen\u205f\u200aa\u205f\u200asignificant\u205f\u200a
\nincrease\u205f\u200ain\u205f\u200acredit\u205f\u200arisk\u205f\u200awhen\u205f\u200acontractual\u205f\u200apayments\u205f\u200aare\u205f\u200a
\nmore\u205f\u200athan\u205f\u200a30\u205f\u200adays\u205f\u200apast\u205f\u200adue.
\nInterest-bearing\u205f\u200a borrowings\u205f\u200a and\u205f\u200a overdrafts\u205f\u200a are\u205f\u200a
\nrecorded\u205f\u200afor\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200aof\u205f\u200aamounts\u205f\u200areceived,\u205f\u200aminus\u205f\u200a
\ndirect\u205f\u200aissue\u205f\u200acosts.\u205f\u200aFinancial\u205f\u200aexpenses\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nin\u205f\u200a income\u205f\u200a statement\u205f\u200a and\u205f\u200a are\u205f\u200a added\u205f\u200a to\u205f\u200a the\u205f\u200a carrying\u205f\u200a
\namount of the instrument to the extent that they are
\nunpaid\u205f\u200ain\u205f\u200athe\u205f\u200ayear\u205f\u200ain\u205f\u200awhich\u205f\u200athey\u205f\u200aoccur.
\nThe carrying amount is a reasonable approximation of
\nfair\u205f\u200avalue\u205f\u200ain\u205f\u200athe\u205f\u200acase\u205f\u200aof\u205f\u200afinancial\u205f\u200ainstruments\u205f\u200asuch\u205f\u200aas\u205f\u200a
\nborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200awith\u205f\u200ashort-term\u205f\u200amaturity.
\nThe\u205f\u200afair\u205f\u200avalue\u205f\u200ameasurement\u205f\u200aof\u205f\u200aborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200a
\nwith\u205f\u200a financial\u205f\u200a institutions,\u205f\u200a other\u205f\u200a than\u205f\u200a in\u205f\u200a the\u205f\u200a short\u205f\u200a
\nterm,\u205f\u200adepends\u205f\u200aboth\u205f\u200aon\u205f\u200athe\u205f\u200aspecifics\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200aand\u205f\u200a
\non\u205f\u200a current\u205f\u200a market\u205f\u200a conditions.\u205f\u200a The\u205f\u200a fair\u205f\u200a value\u205f\u200a was\u205f\u200a
\ncalculated\u205f\u200a by\u205f\u200a discounting\u205f\u200a the\u205f\u200a expected\u205f\u200a future\u205f\u200a cash\u205f\u200a
\nflows\u205f\u200aat\u205f\u200athe\u205f\u200are-estimated\u205f\u200ainterest\u205f\u200arates\u205f\u200aprevailing\u205f\u200aat\u205f\u200a
\nthe\u205f\u200a balance\u205f\u200a sheet\u205f\u200a date\u205f\u200a over\u205f\u200a the\u205f\u200a remaining\u205f\u200a term\u205f\u200a of\u205f\u200a
\nrepayment\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a25).
\nThe\u205f\u200a Group\u205f\u200a relied\u205f\u200a on\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a the\u205f\u200a interest\u205f\u200a
\nrate\u205f\u200a of\u205f\u200a the\u205f\u200a European\u205f\u200a Central\u205f\u200a Bank\u205f\u200a adjusted\u205f\u200a for\u205f\u200a the\u205f\u200a
\nspecific\u205f\u200arisk\u205f\u200ainherent\u205f\u200ain\u205f\u200aeach\u205f\u200afinancial\u205f\u200ainstrument,\u205f\u200aas\u205f\u200a
\na reasonable benchmark for estimating the fair value
\nof\u205f\u200asuch\u205f\u200aborrowings\u205f\u200a(see\u205f\u200aNote\u205f\u200a25).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial assets designated at fair value through
\nOCI (equity instruments)
\nUpon initial recognition, the Group can elect to
\nclassify\u205f\u200a irrevocably\u205f\u200a its\u205f\u200a equity\u205f\u200a investments\u205f\u200a as\u205f\u200a equity\u205f\u200a
\ninstruments\u205f\u200a designated\u205f\u200a at\u205f\u200a fair\u205f\u200a value\u205f\u200a through\u205f\u200a OCI\u205f\u200a
\nif\u205f\u200a they\u205f\u200a meet\u205f\u200a the\u205f\u200a definition\u205f\u200a of\u205f\u200a equity\u205f\u200a under\u205f\u200a IAS
\nG
\n 32
\nFinancial\u205f\u200aInstruments:\u205f\u200aPresentation\u205f\u200aand\u205f\u200aare\u205f\u200anot\u205f\u200aheld\u205f\u200a
\nfor\u205f\u200a trading.\u205f\u200a The\u205f\u200a classification\u205f\u200a is\u205f\u200a determined\u205f\u200a on\u205f\u200a an\u205f\u200a
\ninstrument-by-instrument basis.
\nGains\u205f\u200a and\u205f\u200alosses\u205f\u200a on\u205f\u200athese\u205f\u200a financial\u205f\u200aassets\u205f\u200a are\u205f\u200anever\u205f\u200a
\nrecycled\u205f\u200ainto\u205f\u200aprofit\u205f\u200aor\u205f\u200aloss.\u205f\u200aDividends\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nas\u205f\u200a other\u205f\u200a income\u205f\u200a in\u205f\u200a the\u205f\u200a statement\u205f\u200a of\u205f\u200a profit\u205f\u200a or\u205f\u200a loss\u205f\u200a
\nwhen\u205f\u200a the\u205f\u200a right\u205f\u200a of\u205f\u200a payment\u205f\u200a has\u205f\u200a been\u205f\u200a established,\u205f\u200a
\nexcept\u205f\u200awhen\u205f\u200athe\u205f\u200aGroup\u205f\u200abenefits\u205f\u200a from\u205f\u200asuch\u205f\u200aproceeds\u205f\u200a
\nas\u205f\u200aa\u205f\u200arecovery\u205f\u200aof\u205f\u200apart\u205f\u200aof\u205f\u200athe\u205f\u200acost\u205f\u200aof\u205f\u200athe\u205f\u200afinancial\u205f\u200aasset,\u205f\u200a
\nin\u205f\u200awhich\u205f\u200acase,\u205f\u200asuch\u205f\u200agains\u205f\u200aare\u205f\u200arecorded\u205f\u200ain\u205f\u200aOCI.\u205f\u200aEquity\u205f\u200a
\ninstruments\u205f\u200adesignated\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200athrough\u205f\u200aOCI\u205f\u200aare\u205f\u200a
\nnot subject to impairment assessment.
\nThe\u205f\u200a Group\u205f\u200a elected\u205f\u200a to\u205f\u200a classify\u205f\u200a irrevocably\u205f\u200a its\u205f\u200a non-
\nlisted\u205f\u200aequity\u205f\u200ainvestments\u205f\u200aunder\u205f\u200athis\u205f\u200acategory.
\nOther financial assets and liabilities
\nOther\u205f\u200a financial\u205f\u200a assets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a are\u205f\u200a recorded\u205f\u200a at\u205f\u200a
\ntheir\u205f\u200aacquisition\u205f\u200acost.\u205f\u200aThe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200aother\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a is\u205f\u200a estimated\u205f\u200a to\u205f\u200a be\u205f\u200a close\u205f\u200a to\u205f\u200a the\u205f\u200a
\ncarrying amount.
\nThe\u205f\u200a receivables\u205f\u200a are\u205f\u200a valued\u205f\u200a at\u205f\u200a their\u205f\u200a nominal\u205f\u200a value\u205f\u200a
\n(at\u205f\u200a cost)\u205f\u200a minus\u205f\u200a any\u205f\u200a write-downs\u205f\u200a covering\u205f\u200a amounts\u205f\u200a
\nconsidered\u205f\u200aas\u205f\u200anon-recoverable\u205f\u200aif\u205f\u200athe\u205f\u200a Group\u205f\u200a deems\u205f\u200a it\u205f\u200a
\nnecessary.\u205f\u200a Impairment\u205f\u200a of\u205f\u200a assets\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nincome\u205f\u200a statement\u205f\u200a under\u205f\u200a \u201cOther\u205f\u200a operating\u205f\u200a income/
\nexpenses\".\u205f\u200a The\u205f\u200a Group\u205f\u200a has\u205f\u200a established\u205f\u200a a\u205f\u200a provision\u205f\u200a
\nmatrix,\u205f\u200abased\u205f\u200a on\u205f\u200a its\u205f\u200ahistorical\u205f\u200a credit\u205f\u200aloss\u205f\u200aexperience\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n(average\u205f\u200a default\u205f\u200a over\u205f\u200a several\u205f\u200a years),\u205f\u200a which\u205f\u200a was\u205f\u200a
\nadjusted\u205f\u200afor\u205f\u200aprospective\u205f\u200afactors\u205f\u200aspecific\u205f\u200ato\u205f\u200athe\u205f\u200adebtors\u205f\u200a
\nand\u205f\u200athe\u205f\u200aeconomic\u205f\u200aenvironment.\u205f\u200aThe\u205f\u200acarrying\u205f\u200aamount\u205f\u200a
\nof\u205f\u200athe\u205f\u200aasset\u205f\u200ais\u205f\u200areduced\u205f\u200ausing\u205f\u200aa\u205f\u200aprovision\u205f\u200aaccount,\u205f\u200aand\u205f\u200a
\nthe\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aloss\u205f\u200ais\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aconsolidated\u205f\u200a
\nincome\u205f\u200a statement.\u205f\u200a The\u205f\u200a Board\u205f\u200a of\u205f\u200a Directors\u205f\u200a of\u205f\u200a each\u205f\u200a
\nsubsidiary\u205f\u200aevaluates\u205f\u200athe\u205f\u200areceivables\u205f\u200aindividually.\u205f\u200aValue\u205f\u200a
\nadjustments\u205f\u200a are\u205f\u200a determined\u205f\u200a by\u205f\u200a taking\u205f\u200a into\u205f\u200a account\u205f\u200a
\nthe local economic reality of each country. They are
\nreviewed\u205f\u200aat\u205f\u200athe\u205f\u200areception\u205f\u200aof\u205f\u200anew\u205f\u200aevents\u205f\u200aand\u205f\u200aat\u205f\u200aleast\u205f\u200a
\nannually.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag348": {
"value": "\nLoans
\nThe\u205f\u200a Group\u2019s\u205f\u200a business\u205f\u200a model\u205f\u200a for\u205f\u200a financial\u205f\u200a assets\u205f\u200a
\nmanagement\u205f\u200a describes\u205f\u200a the\u205f\u200a way\u205f\u200a it\u205f\u200a manages\u205f\u200a its\u205f\u200a
\nfinancial\u205f\u200aassets\u205f\u200ain\u205f\u200a order\u205f\u200ato\u205f\u200agenerate\u205f\u200acash\u205f\u200aflows.\u205f\u200aThe\u205f\u200a
\nbusiness\u205f\u200a model\u205f\u200a determines\u205f\u200a whether\u205f\u200a cash\u205f\u200a flows\u205f\u200a will\u205f\u200a
\nresult\u205f\u200afrom\u205f\u200athe\u205f\u200acollection\u205f\u200aof\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows,\u205f\u200a
\nfrom\u205f\u200athe\u205f\u200adisposal\u205f\u200aof\u205f\u200afinancial\u205f\u200aassets,\u205f\u200aor\u205f\u200aboth.\u205f\u200aFinancial\u205f\u200a
\nassets\u205f\u200aclassified\u205f\u200aand\u205f\u200ameasured\u205f\u200aat\u205f\u200aamortised\u205f\u200acost\u205f\u200aare\u205f\u200a
\nheld\u205f\u200ain\u205f\u200aa\u205f\u200abusiness\u205f\u200amodel\u205f\u200awith\u205f\u200athe\u205f\u200aaim\u205f\u200ato\u205f\u200ahold\u205f\u200afinancial\u205f\u200a
\nassets\u205f\u200aand\u205f\u200acollect\u205f\u200acontractual\u205f\u200acash\u205f\u200aflows.\u205f\u200aLong-term\u205f\u200a
\nadvances\u205f\u200aand\u205f\u200aother\u205f\u200areceivables\u205f\u200aare\u205f\u200aheld\u205f\u200afor\u205f\u200athe\u205f\u200asole\u205f\u200a
\npurpose\u205f\u200aof\u205f\u200acollecting\u205f\u200aprincipal\u205f\u200aand\u205f\u200ainterest.\u205f\u200aAs\u205f\u200asuch,\u205f\u200a
\nthey\u205f\u200a comply\u205f\u200a with\u205f\u200a the\u205f\u200a \u201cSolely\u205f\u200a Payments\u205f\u200a of\u205f\u200a Principal\u205f\u200a
\nand\u205f\u200aInterest\u201d\u205f\u200a(SPPI
\nG
\n)\u205f\u200amodel.\u205f\u200aThey\u205f\u200aare\u205f\u200aaccounted\u205f\u200afor\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aamortised\u205f\u200acost\u205f\u200amethod.
\nLoans\u205f\u200abearing\u205f\u200ainterest\u205f\u200aare\u205f\u200arecorded\u205f\u200aat\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200a
\nof\u205f\u200a the\u205f\u200a amounts\u205f\u200a given,\u205f\u200a less\u205f\u200a direct\u205f\u200a costs\u205f\u200a of\u205f\u200a issue.\u205f\u200a
\nFinancial\u205f\u200aincome\u205f\u200ais\u205f\u200aadded\u205f\u200ato\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200a
\nthe\u205f\u200ainstrument\u205f\u200ato\u205f\u200athe\u205f\u200aextent\u205f\u200athat\u205f\u200ait\u205f\u200ais\u205f\u200anot\u205f\u200areceived\u205f\u200ain\u205f\u200a
\nthe\u205f\u200a period\u205f\u200ain\u205f\u200a which\u205f\u200a it\u205f\u200a occurs.\u205f\u200a Interest\u205f\u200a is\u205f\u200a calculated\u205f\u200a
\nusing\u205f\u200athe\u205f\u200aeffective\u205f\u200ainterest\u205f\u200arate\u205f\u200amethod.
\nThe\u205f\u200aGroup\u205f\u200aapplies\u205f\u200athe\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200asimplification:\u205f\u200aat\u205f\u200a
\nevery\u205f\u200areporting\u205f\u200adate,\u205f\u200athe\u205f\u200aGroup\u205f\u200aevaluates\u205f\u200awhether\u205f\u200athe\u205f\u200a
\ndebt\u205f\u200ainstrument\u205f\u200ais\u205f\u200aconsidered\u205f\u200ato\u205f\u200ahave\u205f\u200alow\u205f\u200acredit\u205f\u200arisk\u205f\u200a
\nusing\u205f\u200aall\u205f\u200areasonable\u205f\u200aand\u205f\u200asupportable\u205f\u200ainformation\u205f\u200athat\u205f\u200a
\nis\u205f\u200a available\u205f\u200awithout\u205f\u200a undue\u205f\u200a cost\u205f\u200a or\u205f\u200a effort.\u205f\u200a In\u205f\u200a making\u205f\u200a
\nthat evaluation, the Group reassesses the internal
\ncredit\u205f\u200a rating\u205f\u200a of\u205f\u200a the\u205f\u200a debt\u205f\u200a instrument.\u205f\u200a In\u205f\u200a addition,\u205f\u200a
\nthe\u205f\u200aGroup\u205f\u200aconsiders\u205f\u200athat\u205f\u200athere\u205f\u200ahas\u205f\u200abeen\u205f\u200aa\u205f\u200asignificant\u205f\u200a
\nincrease\u205f\u200ain\u205f\u200acredit\u205f\u200arisk\u205f\u200awhen\u205f\u200acontractual\u205f\u200apayments\u205f\u200aare\u205f\u200a
\nmore\u205f\u200athan\u205f\u200a30\u205f\u200adays\u205f\u200apast\u205f\u200adue.
\nInterest-bearing\u205f\u200a borrowings\u205f\u200a and\u205f\u200a overdrafts\u205f\u200a are\u205f\u200a
\nrecorded\u205f\u200afor\u205f\u200athe\u205f\u200anet\u205f\u200avalue\u205f\u200aof\u205f\u200aamounts\u205f\u200areceived,\u205f\u200aminus\u205f\u200a
\ndirect\u205f\u200aissue\u205f\u200acosts.\u205f\u200aFinancial\u205f\u200aexpenses\u205f\u200aare\u205f\u200arecognised\u205f\u200a
\nin\u205f\u200a income\u205f\u200a statement\u205f\u200a and\u205f\u200a are\u205f\u200a added\u205f\u200a to\u205f\u200a the\u205f\u200a carrying\u205f\u200a
\namount of the instrument to the extent that they are
\nunpaid\u205f\u200ain\u205f\u200athe\u205f\u200ayear\u205f\u200ain\u205f\u200awhich\u205f\u200athey\u205f\u200aoccur.
\nThe carrying amount is a reasonable approximation of
\nfair\u205f\u200avalue\u205f\u200ain\u205f\u200athe\u205f\u200acase\u205f\u200aof\u205f\u200afinancial\u205f\u200ainstruments\u205f\u200asuch\u205f\u200aas\u205f\u200a
\nborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200awith\u205f\u200ashort-term\u205f\u200amaturity.
\nThe\u205f\u200afair\u205f\u200avalue\u205f\u200ameasurement\u205f\u200aof\u205f\u200aborrowings\u205f\u200aand\u205f\u200adebts\u205f\u200a
\nwith\u205f\u200a financial\u205f\u200a institutions,\u205f\u200a other\u205f\u200a than\u205f\u200a in\u205f\u200a the\u205f\u200a short\u205f\u200a
\nterm,\u205f\u200adepends\u205f\u200aboth\u205f\u200aon\u205f\u200athe\u205f\u200aspecifics\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200aand\u205f\u200a
\non\u205f\u200a current\u205f\u200a market\u205f\u200a conditions.\u205f\u200a The\u205f\u200a fair\u205f\u200a value\u205f\u200a was\u205f\u200a
\ncalculated\u205f\u200a by\u205f\u200a discounting\u205f\u200a the\u205f\u200a expected\u205f\u200a future\u205f\u200a cash\u205f\u200a
\nflows\u205f\u200aat\u205f\u200athe\u205f\u200are-estimated\u205f\u200ainterest\u205f\u200arates\u205f\u200aprevailing\u205f\u200aat\u205f\u200a
\nthe\u205f\u200a balance\u205f\u200a sheet\u205f\u200a date\u205f\u200a over\u205f\u200a the\u205f\u200a remaining\u205f\u200a term\u205f\u200a of\u205f\u200a
\nrepayment\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a25).
\nThe\u205f\u200a Group\u205f\u200a relied\u205f\u200a on\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a the\u205f\u200a interest\u205f\u200a
\nrate\u205f\u200a of\u205f\u200a the\u205f\u200a European\u205f\u200a Central\u205f\u200a Bank\u205f\u200a adjusted\u205f\u200a for\u205f\u200a the\u205f\u200a
\nspecific\u205f\u200arisk\u205f\u200ainherent\u205f\u200ain\u205f\u200aeach\u205f\u200afinancial\u205f\u200ainstrument,\u205f\u200aas\u205f\u200a
\na reasonable benchmark for estimating the fair value
\nof\u205f\u200asuch\u205f\u200aborrowings\u205f\u200a(see\u205f\u200aNote\u205f\u200a25).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag349": {
"value": "\n1.19. Provisions
\nProvisions occur when the Group has a present
\nobligation\u205f\u200a(legal\u205f\u200aor\u205f\u200aconstructive)\u205f\u200aas\u205f\u200aa\u205f\u200aresult\u205f\u200aof\u205f\u200aa\u205f\u200apast\u205f\u200a
\nevent.\u205f\u200aThis\u205f\u200apresent\u205f\u200aobligation\u205f\u200awill\u205f\u200aprobably\u205f\u200alead\u205f\u200ato\u205f\u200aan\u205f\u200a
\noutflow\u205f\u200aof\u205f\u200aeconomic\u205f\u200abenefits,\u205f\u200ainsofar\u205f\u200aas\u205f\u200athey\u205f\u200acan\u205f\u200abe\u205f\u200a
\nreasonably\u205f\u200aestimated.\u205f\u200a
\nRestructuring provisions occur when the Group has
\ncome\u205f\u200a up\u205f\u200a with\u205f\u200a a\u205f\u200a formal\u205f\u200a and\u205f\u200a detailed\u205f\u200a plan\u205f\u200a for\u205f\u200a the\u205f\u200a
\nrestructuring,\u205f\u200awhich\u205f\u200ahas\u205f\u200abeen\u205f\u200anotified\u205f\u200ato\u205f\u200athe\u205f\u200aaffected\u205f\u200a
\nparties.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag350": {
"value": "\n1.20. Pension obligations
\nDefined contribution plans
\nThe\u205f\u200a defined\u205f\u200a contribution\u205f\u200a plans\u205f\u200a designate\u205f\u200a the\u205f\u200a post-
\nemployment\u205f\u200abenefit\u205f\u200aplans\u205f\u200aunder\u205f\u200awhich\u205f\u200athe\u205f\u200aGroup\u205f\u200apays\u205f\u200a
\ndefined\u205f\u200acontributions\u205f\u200ato\u205f\u200aexternal\u205f\u200ainsurance\u205f\u200acompanies\u205f\u200a
\nfor\u205f\u200acertain\u205f\u200acategories\u205f\u200aof\u205f\u200aemployees.\u205f\u200aPayments\u205f\u200amade\u205f\u200a
\nunder\u205f\u200a these\u205f\u200a pension\u205f\u200a plans\u205f\u200a are\u205f\u200a recognised\u205f\u200a in\u205f\u200a the\u205f\u200a
\nincome\u205f\u200astatement\u205f\u200ain\u205f\u200athe\u205f\u200ayear\u205f\u200awhen\u205f\u200athey\u205f\u200aare\u205f\u200adue.
\nAs\u205f\u200athese\u205f\u200a plans\u205f\u200a do\u205f\u200a not\u205f\u200agenerate\u205f\u200a future\u205f\u200acommitments\u205f\u200a
\nfor\u205f\u200athe\u205f\u200aGroup,\u205f\u200athey\u205f\u200ado\u205f\u200anot\u205f\u200agive\u205f\u200arise\u205f\u200ato\u205f\u200aprovisions.
\nDefined benefit plans
\nThe\u205f\u200a defined\u205f\u200abenefit\u205f\u200a plans\u205f\u200arefer\u205f\u200a to\u205f\u200apost-employment\u205f\u200a
\nbenefit\u205f\u200aplans\u205f\u200athat\u205f\u200aprovide\u205f\u200aadditional\u205f\u200aincome\u205f\u200ato\u205f\u200acertain\u205f\u200a
\ncategories\u205f\u200aof\u205f\u200aemployees\u205f\u200afor\u205f\u200aservices\u205f\u200arendered\u205f\u200aduring\u205f\u200a
\nthe\u205f\u200ayear\u205f\u200aand\u205f\u200aprior\u205f\u200ayears.
\nThis\u205f\u200a guarantee\u205f\u200a of\u205f\u200a additional\u205f\u200a resources\u205f\u200a is\u205f\u200a a\u205f\u200a future\u205f\u200a
\nexpenditure\u205f\u200a for\u205f\u200a the\u205f\u200a Group\u205f\u200a for\u205f\u200a which\u205f\u200a a\u205f\u200a commitment\u205f\u200a
\nis\u205f\u200acalculated\u205f\u200aby\u205f\u200aindependent\u205f\u200aactuaries\u205f\u200aat\u205f\u200athe\u205f\u200aend\u205f\u200aof\u205f\u200a
\neach\u205f\u200afinancial\u205f\u200ayear.
\nThe\u205f\u200a actuarial\u205f\u200a assumptions\u205f\u200a used\u205f\u200a to\u205f\u200a determine\u205f\u200a the\u205f\u200a
\nliabilities\u205f\u200a vary\u205f\u200aaccording\u205f\u200a to\u205f\u200a the\u205f\u200a prevailing\u205f\u200a economic\u205f\u200a
\nconditions\u205f\u200ain\u205f\u200athe\u205f\u200acountry\u205f\u200ain\u205f\u200awhich\u205f\u200athe\u205f\u200aplan\u205f\u200ais\u205f\u200alocated.
\nThe\u205f\u200a discount\u205f\u200a rates\u205f\u200a applicable\u205f\u200a to\u205f\u200a post-employment\u205f\u200a
\nbenefit\u205f\u200aobligations\u205f\u200ashould\u205f\u200abe\u205f\u200adetermined\u205f\u200aby\u205f\u200areference\u205f\u200a
\nto\u205f\u200athe\u205f\u200amarket\u205f\u200ayields\u205f\u200aon\u205f\u200ahigh\u205f\u200aquality\u205f\u200acorporate\u205f\u200abonds\u205f\u200a
\nthat\u205f\u200aare\u205f\u200aappropriate/relevant\u205f\u200ato\u205f\u200athe\u205f\u200aestimated\u205f\u200atiming\u205f\u200a
\nof\u205f\u200abenefit\u205f\u200apayments\u205f\u200aat\u205f\u200athe\u205f\u200abalance\u205f\u200asheet\u205f\u200adate.
\nThe\u205f\u200aGroup\u205f\u200adecided\u205f\u200ato\u205f\u200acalculate\u205f\u200adiscount\u205f\u200arates\u205f\u200ausing\u205f\u200aan\u205f\u200a
\neconomic\u205f\u200a approach\u205f\u200a for\u205f\u200a high-quality\u205f\u200a corporate\u205f\u200a bonds\u205f\u200a
\nwhose\u205f\u200aduration\u205f\u200acorresponds\u205f\u200ato\u205f\u200athe\u205f\u200aterms\u205f\u200aof\u205f\u200aemployee\u205f\u200a
\nbenefits\u205f\u200a in\u205f\u200a the\u205f\u200a countries\u205f\u200a concerned.\u205f\u200a In\u205f\u200a the\u205f\u200a countries\u205f\u200a
\nwhere there is no active market for such obligation,
\nthe\u205f\u200aGroup\u205f\u200arefers\u205f\u200ato\u205f\u200athe\u205f\u200amarket\u205f\u200ayields\u205f\u200a(at\u205f\u200athe\u205f\u200aend\u205f\u200aof\u205f\u200athe\u205f\u200a
\nreporting\u205f\u200aperiod)\u205f\u200a of\u205f\u200a government\u205f\u200a bonds.\u205f\u200aThe\u205f\u200a currency\u205f\u200a
\nand\u205f\u200aduration\u205f\u200aof\u205f\u200athese\u205f\u200acorporate\u205f\u200aor\u205f\u200agovernment\u205f\u200abonds\u205f\u200a
\nmust\u205f\u200a correspond\u205f\u200a to\u205f\u200a the\u205f\u200a currency\u205f\u200a and\u205f\u200a estimated\u205f\u200a
\nduration\u205f\u200aof\u205f\u200athe\u205f\u200apost-employment\u205f\u200abenefit\u205f\u200aobligations.
\nThe\u205f\u200acost\u205f\u200aof\u205f\u200acorresponding\u205f\u200acommitments\u205f\u200ais\u205f\u200adetermined\u205f\u200a
\nby\u205f\u200a using\u205f\u200a the\u205f\u200a projected\u205f\u200a unit\u205f\u200a credit\u205f\u200a method,\u205f\u200a with\u205f\u200a a\u205f\u200a
\ndiscounted\u205f\u200a value\u205f\u200a calculation\u205f\u200a at\u205f\u200a the\u205f\u200a balance\u205f\u200a sheet\u205f\u200a
\ndate\u205f\u200a in\u205f\u200a accordance\u205f\u200a with\u205f\u200a the\u205f\u200a principles\u205f\u200a of\u205f\u200a IAS
\nG
\n 19
\n\u201cEmployee\u205f\u200aBenefits\".
\nAll\u205f\u200achanges\u205f\u200ain\u205f\u200athe\u205f\u200aamount\u205f\u200aof\u205f\u200adefined\u205f\u200abenefit\u205f\u200apension\u205f\u200a
\nobligations\u205f\u200aare\u205f\u200arecognised\u205f\u200aas\u205f\u200asoon\u205f\u200aas\u205f\u200athey\u205f\u200aoccur.
\nRemeasurements\u205f\u200a of\u205f\u200a defined\u205f\u200a benefit\u205f\u200a pension\u205f\u200a
\nobligations,\u205f\u200aincluding\u205f\u200aactuarial\u205f\u200agains\u205f\u200aand\u205f\u200alosses,\u205f\u200ashould\u205f\u200a
\nbe\u205f\u200arecognised\u205f\u200aimmediately\u205f\u200ain\u205f\u200a\u201cOther\u205f\u200acomprehensive\u205f\u200a
\nincome\"
\nG
\n.
\nThe\u205f\u200acosts\u205f\u200aof\u205f\u200aservices\u205f\u200arendered\u205f\u200aduring\u205f\u200athe\u205f\u200aperiod,\u205f\u200apast\u205f\u200a
\nservice\u205f\u200acosts\u205f\u200a(plan\u205f\u200aamendment)\u205f\u200aand\u205f\u200anet\u205f\u200ainterest\u205f\u200aare\u205f\u200a
\nrecognised\u205f\u200aas\u205f\u200aan\u205f\u200aexpense\u205f\u200aimmediately.
\nThe\u205f\u200aamount\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200astatement\u205f\u200aof\u205f\u200afinancial\u205f\u200a
\nposition\u205f\u200aconsists\u205f\u200aof\u205f\u200a the\u205f\u200apresent\u205f\u200avalue\u205f\u200aof\u205f\u200athe\u205f\u200adefined\u205f\u200a
\nbenefit\u205f\u200aplans\u2019\u205f\u200apension\u205f\u200aobligations.\u205f\u200aThis\u205f\u200avalue\u205f\u200ahas\u205f\u200abeen\u205f\u200a
\nadjusted\u205f\u200afor\u205f\u200aactuarial\u205f\u200agains\u205f\u200aand\u205f\u200alosses,\u205f\u200aminus\u205f\u200athe\u205f\u200afair\u205f\u200a
\nvalue of plan assets.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag351": {
"value": "\n1.21. Revenue recognition
\nThe\u205f\u200a Group\u2019s\u205f\u200a revenues\u205f\u200a derive\u205f\u200a from\u205f\u200a the\u205f\u200a performance\u205f\u200a
\nobligation\u205f\u200a to\u205f\u200a transfer\u205f\u200a the\u205f\u200a control\u205f\u200a of\u205f\u200a products\u205f\u200a under\u205f\u200a
\narrangements.\u205f\u200a According\u205f\u200a to\u205f\u200a these\u205f\u200a arrangements,\u205f\u200a
\nthe\u205f\u200a transfer\u205f\u200a of\u205f\u200a control\u205f\u200a and\u205f\u200a the\u205f\u200a fulfilment\u205f\u200a of\u205f\u200a the\u205f\u200a
\nperformance obligation occur at the same time.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe point of control of the asset by the customer
\ndepends\u205f\u200a on\u205f\u200a the\u205f\u200a moment\u205f\u200a when\u205f\u200a the\u205f\u200a goods\u205f\u200a are\u205f\u200a made\u205f\u200a
\navailable to the carrier or when the buyer takes
\npossession\u205f\u200a of\u205f\u200a the\u205f\u200a goods.\u205f\u200a This\u205f\u200a also\u205f\u200a depends\u205f\u200a on\u205f\u200a the\u205f\u200a
\ndelivery\u205f\u200a conditions.\u205f\u200a With\u205f\u200a regards\u205f\u200a to\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\nactivities,\u205f\u200athe\u205f\u200arecognition\u205f\u200acriteria\u205f\u200aare\u205f\u200agenerally\u205f\u200amet:
\n(a)\u205f\u200a\u205f\u200afor\u205f\u200aexport\u205f\u200asales,\u205f\u200awhere\u205f\u200athe\u205f\u200atime\u205f\u200aof\u205f\u200athe\u205f\u200atransfer\u205f\u200aof\u205f\u200a
\ndeed\u205f\u200ais\u205f\u200abased\u205f\u200aon\u205f\u200athe\u205f\u200aincoterms;
\n(b)\u205f\u200a\u205f\u200afor\u205f\u200a local\u205f\u200a sales,\u205f\u200a depending\u205f\u200a on\u205f\u200a the\u205f\u200a delivery\u205f\u200a
\nconditions,\u205f\u200a either\u205f\u200a when\u205f\u200a the\u205f\u200a goods\u205f\u200a leave\u205f\u200a the\u205f\u200a
\npremises or when the customer takes possession
\nof\u205f\u200athe\u205f\u200agoods.
\nThis\u205f\u200a is\u205f\u200a the\u205f\u200amoment\u205f\u200awhen\u205f\u200a the\u205f\u200aGroup\u205f\u200ahas\u205f\u200a fulfilled\u205f\u200a its\u205f\u200a
\nperformance obligations.
\nRevenues\u205f\u200a are\u205f\u200avalued\u205f\u200a at\u205f\u200athe\u205f\u200a transaction\u205f\u200a price\u205f\u200aof\u205f\u200a the\u205f\u200a
\nconsideration\u205f\u200a received\u205f\u200a or\u205f\u200a receivable,\u205f\u200a to\u205f\u200a which\u205f\u200a the\u205f\u200a
\ncompany\u205f\u200aexpects\u205f\u200ato\u205f\u200abe\u205f\u200aentitled.
\nThe\u205f\u200a selling\u205f\u200a price\u205f\u200a is\u205f\u200a determined\u205f\u200aat\u205f\u200a the\u205f\u200a market\u205f\u200a price\u205f\u200a
\nand,\u205f\u200a in\u205f\u200a a\u205f\u200a few\u205f\u200a cases,\u205f\u200a is\u205f\u200a contractually\u205f\u200adetermined\u205f\u200a on\u205f\u200a
\na provisional basis using a reliable estimate. In the
\nlatter\u205f\u200a case,\u205f\u200a price\u205f\u200a adjustments\u205f\u200a can\u205f\u200a then\u205f\u200a take\u205f\u200a place\u205f\u200a
\ndepending\u205f\u200aon\u205f\u200athe\u205f\u200amovements\u205f\u200abetween\u205f\u200athe\u205f\u200areference\u205f\u200a
\nprice\u205f\u200aand\u205f\u200athe\u205f\u200afinal\u205f\u200aprice,\u205f\u200aas\u205f\u200arecognised.
\nThe\u205f\u200a Group\u205f\u200a considers\u205f\u200a itself\u205f\u200a to\u205f\u200a be\u205f\u200a the\u205f\u200aprincipal\u205f\u200a in\u205f\u200aits\u205f\u200a
\nrevenue\u205f\u200aarrangements,\u205f\u200abecause\u205f\u200ait\u205f\u200acontrols\u205f\u200athe\u205f\u200agoods\u205f\u200a
\nsold\u205f\u200abefore\u205f\u200atransferring\u205f\u200athem\u205f\u200ato\u205f\u200athe\u205f\u200acustomers.
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a revenue\u205f\u200a from\u205f\u200a the\u205f\u200a major\u205f\u200a
\ncustomer\u205f\u200awithin\u205f\u200athe\u205f\u200aGroup\u205f\u200aaccounted\u205f\u200afor\u205f\u200aapproximately\u205f\u200a
\nEUR\u205f\u200a 83.8\u205f\u200a million\u205f\u200a (2022:\u205f\u200a EUR\u205f\u200a 96.2\u205f\u200a million)\u205f\u200a of\u205f\u200a total\u205f\u200a
\nGroup revenue.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag352": {
"value": "\n
\n\n1.22. Taxes
\nCurrent tax is the amount of tax payable or recoverable
\non\u205f\u200athe\u205f\u200aprofit\u205f\u200aor\u205f\u200aloss\u205f\u200aof\u205f\u200aa\u205f\u200afinancial\u205f\u200ayear.
\nTemporary\u205f\u200a differences\u205f\u200a between\u205f\u200a the\u205f\u200a book\u205f\u200a values\u205f\u200a of\u205f\u200a
\nassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200aon\u205f\u200a the\u205f\u200a one\u205f\u200a hand,\u205f\u200a and\u205f\u200a their\u205f\u200atax\u205f\u200a
\nbases\u205f\u200aon\u205f\u200athe\u205f\u200aother\u205f\u200ahand,\u205f\u200alead\u205f\u200ato\u205f\u200athe\u205f\u200arecognition\u205f\u200aof\u205f\u200aa\u205f\u200a
\ndeferred\u205f\u200atax\u205f\u200ausing\u205f\u200athe\u205f\u200atax\u205f\u200arates\u205f\u200awhich\u205f\u200aare\u205f\u200aapplicable\u205f\u200a
\nwhen\u205f\u200athe\u205f\u200atemporary\u205f\u200adifferences\u205f\u200adisappear,\u205f\u200aas\u205f\u200aadopted\u205f\u200a
\non\u205f\u200athe\u205f\u200aclosing\u205f\u200adate.
\nA\u205f\u200adeferred\u205f\u200atax\u205f\u200ais\u205f\u200arecognised\u205f\u200afor\u205f\u200aall\u205f\u200ataxable\u205f\u200atemporary\u205f\u200a
\ndifferences,\u205f\u200aunless\u205f\u200athe\u205f\u200adeferred\u205f\u200atax\u205f\u200ais\u205f\u200agenerated:
\n-\u205f\u200a\u205f\u200aby\u205f\u200agoodwill\u205f\u200aor;\u205f\u200a
\n- by the initial recognition of an asset or liability in a
\ntransaction\u205f\u200awhich\u205f\u200ais\u205f\u200anot\u205f\u200aacquired\u205f\u200athrough\u205f\u200aa\u205f\u200abusiness\u205f\u200a
\ncombination,\u205f\u200adoes\u205f\u200anot\u205f\u200aaffect\u205f\u200aneither\u205f\u200athe\u205f\u200aaccounting\u205f\u200a
\nprofit\u205f\u200a nor\u205f\u200a the\u205f\u200a taxable\u205f\u200a profit\u205f\u200a (tax\u205f\u200a loss),\u205f\u200a nor\u205f\u200a gives\u205f\u200a
\nrise\u205f\u200a to\u205f\u200a equal\u205f\u200a taxable\u205f\u200a and\u205f\u200a deductible\u205f\u200a temporary\u205f\u200a
\ndifferences\u205f\u200aat\u205f\u200athe\u205f\u200atime\u205f\u200aof\u205f\u200athe\u205f\u200atransaction.
\nA\u205f\u200a deferred\u205f\u200a tax\u205f\u200a liability\u205f\u200a is\u205f\u200a recognised\u205f\u200a for\u205f\u200a all\u205f\u200a taxable\u205f\u200a
\ntemporary\u205f\u200a differences\u205f\u200a related\u205f\u200a to\u205f\u200a investments\u205f\u200a in\u205f\u200a
\nsubsidiaries\u205f\u200aand\u205f\u200aassociates,\u205f\u200aunless\u205f\u200athe\u205f\u200adate\u205f\u200aon\u205f\u200awhich\u205f\u200a
\nthe\u205f\u200a temporary\u205f\u200a difference\u205f\u200a will\u205f\u200a be\u205f\u200a reversed\u205f\u200a can\u205f\u200a be\u205f\u200a
\ncontrolled\u205f\u200aand\u205f\u200a it\u205f\u200a will\u205f\u200a most\u205f\u200alikely\u205f\u200a not\u205f\u200abe\u205f\u200a reversed\u205f\u200ain\u205f\u200a
\nthe foreseeable future.
\nA\u205f\u200a deferred\u205f\u200a tax\u205f\u200a asset\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a order\u205f\u200a to\u205f\u200a carry\u205f\u200a
\nforward\u205f\u200a unused\u205f\u200a tax\u205f\u200a losses\u205f\u200a and\u205f\u200a tax\u205f\u200a credits,\u205f\u200a so\u205f\u200a that\u205f\u200a
\nfuture\u205f\u200a taxable\u205f\u200a profits,\u205f\u200a on\u205f\u200a which\u205f\u200a these\u205f\u200a unused\u205f\u200a tax\u205f\u200a
\nlosses\u205f\u200aand\u205f\u200atax\u205f\u200acredits\u205f\u200acan\u205f\u200abe\u205f\u200acharged,\u205f\u200awill\u205f\u200alikely\u205f\u200abe\u205f\u200a
\navailable.
\nDeferred\u205f\u200atax\u205f\u200ais\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200astatement,\u205f\u200a
\nunless\u205f\u200a it\u205f\u200a relates\u205f\u200a to\u205f\u200a items\u205f\u200a that\u205f\u200a have\u205f\u200a been\u205f\u200a directly\u205f\u200a
\nrecognised,\u205f\u200aeither\u205f\u200ain\u205f\u200aequity\u205f\u200aor\u205f\u200ain\u205f\u200aother\u205f\u200acomprehensive\u205f\u200a
\nincome
\nG
\n.
\nThe\u205f\u200a Group\u205f\u200a applies\u205f\u200a the\u205f\u200a mandatory\u205f\u200a exception\u205f\u200a to\u205f\u200a
\nrecognise\u205f\u200a and\u205f\u200a disclose\u205f\u200a information\u205f\u200a about\u205f\u200a deferred\u205f\u200a
\ntax\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200arelated\u205f\u200ato\u205f\u200aPillar\u205f\u200aTwo\u205f\u200aincome\u205f\u200a
\ntaxes\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a13).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag353": {
"value": "\n1.22. Taxes
\nCurrent tax is the amount of tax payable or recoverable
\non\u205f\u200athe\u205f\u200aprofit\u205f\u200aor\u205f\u200aloss\u205f\u200aof\u205f\u200aa\u205f\u200afinancial\u205f\u200ayear.
\nTemporary\u205f\u200a differences\u205f\u200a between\u205f\u200a the\u205f\u200a book\u205f\u200a values\u205f\u200a of\u205f\u200a
\nassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200aon\u205f\u200a the\u205f\u200a one\u205f\u200a hand,\u205f\u200a and\u205f\u200a their\u205f\u200atax\u205f\u200a
\nbases\u205f\u200aon\u205f\u200athe\u205f\u200aother\u205f\u200ahand,\u205f\u200alead\u205f\u200ato\u205f\u200athe\u205f\u200arecognition\u205f\u200aof\u205f\u200aa\u205f\u200a
\ndeferred\u205f\u200atax\u205f\u200ausing\u205f\u200athe\u205f\u200atax\u205f\u200arates\u205f\u200awhich\u205f\u200aare\u205f\u200aapplicable\u205f\u200a
\nwhen\u205f\u200athe\u205f\u200atemporary\u205f\u200adifferences\u205f\u200adisappear,\u205f\u200aas\u205f\u200aadopted\u205f\u200a
\non\u205f\u200athe\u205f\u200aclosing\u205f\u200adate.
\nA\u205f\u200adeferred\u205f\u200atax\u205f\u200ais\u205f\u200arecognised\u205f\u200afor\u205f\u200aall\u205f\u200ataxable\u205f\u200atemporary\u205f\u200a
\ndifferences,\u205f\u200aunless\u205f\u200athe\u205f\u200adeferred\u205f\u200atax\u205f\u200ais\u205f\u200agenerated:
\n-\u205f\u200a\u205f\u200aby\u205f\u200agoodwill\u205f\u200aor;\u205f\u200a
\n- by the initial recognition of an asset or liability in a
\ntransaction\u205f\u200awhich\u205f\u200ais\u205f\u200anot\u205f\u200aacquired\u205f\u200athrough\u205f\u200aa\u205f\u200abusiness\u205f\u200a
\ncombination,\u205f\u200adoes\u205f\u200anot\u205f\u200aaffect\u205f\u200aneither\u205f\u200athe\u205f\u200aaccounting\u205f\u200a
\nprofit\u205f\u200a nor\u205f\u200a the\u205f\u200a taxable\u205f\u200a profit\u205f\u200a (tax\u205f\u200a loss),\u205f\u200a nor\u205f\u200a gives\u205f\u200a
\nrise\u205f\u200a to\u205f\u200a equal\u205f\u200a taxable\u205f\u200a and\u205f\u200a deductible\u205f\u200a temporary\u205f\u200a
\ndifferences\u205f\u200aat\u205f\u200athe\u205f\u200atime\u205f\u200aof\u205f\u200athe\u205f\u200atransaction.
\nA\u205f\u200a deferred\u205f\u200a tax\u205f\u200a liability\u205f\u200a is\u205f\u200a recognised\u205f\u200a for\u205f\u200a all\u205f\u200a taxable\u205f\u200a
\ntemporary\u205f\u200a differences\u205f\u200a related\u205f\u200a to\u205f\u200a investments\u205f\u200a in\u205f\u200a
\nsubsidiaries\u205f\u200aand\u205f\u200aassociates,\u205f\u200aunless\u205f\u200athe\u205f\u200adate\u205f\u200aon\u205f\u200awhich\u205f\u200a
\nthe\u205f\u200a temporary\u205f\u200a difference\u205f\u200a will\u205f\u200a be\u205f\u200a reversed\u205f\u200a can\u205f\u200a be\u205f\u200a
\ncontrolled\u205f\u200aand\u205f\u200a it\u205f\u200a will\u205f\u200a most\u205f\u200alikely\u205f\u200a not\u205f\u200abe\u205f\u200a reversed\u205f\u200ain\u205f\u200a
\nthe foreseeable future.
\nA\u205f\u200a deferred\u205f\u200a tax\u205f\u200a asset\u205f\u200a is\u205f\u200a recognised\u205f\u200a in\u205f\u200a order\u205f\u200a to\u205f\u200a carry\u205f\u200a
\nforward\u205f\u200a unused\u205f\u200a tax\u205f\u200a losses\u205f\u200a and\u205f\u200a tax\u205f\u200a credits,\u205f\u200a so\u205f\u200a that\u205f\u200a
\nfuture\u205f\u200a taxable\u205f\u200a profits,\u205f\u200a on\u205f\u200a which\u205f\u200a these\u205f\u200a unused\u205f\u200a tax\u205f\u200a
\nlosses\u205f\u200aand\u205f\u200atax\u205f\u200acredits\u205f\u200acan\u205f\u200abe\u205f\u200acharged,\u205f\u200awill\u205f\u200alikely\u205f\u200abe\u205f\u200a
\navailable.
\nDeferred\u205f\u200atax\u205f\u200ais\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200astatement,\u205f\u200a
\nunless\u205f\u200a it\u205f\u200a relates\u205f\u200a to\u205f\u200a items\u205f\u200a that\u205f\u200a have\u205f\u200a been\u205f\u200a directly\u205f\u200a
\nrecognised,\u205f\u200aeither\u205f\u200ain\u205f\u200aequity\u205f\u200aor\u205f\u200ain\u205f\u200aother\u205f\u200acomprehensive\u205f\u200a
\nincome
\nG
\n.
\nThe\u205f\u200a Group\u205f\u200a applies\u205f\u200a the\u205f\u200a mandatory\u205f\u200a exception\u205f\u200a to\u205f\u200a
\nrecognise\u205f\u200a and\u205f\u200a disclose\u205f\u200a information\u205f\u200a about\u205f\u200a deferred\u205f\u200a
\ntax\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities\u205f\u200arelated\u205f\u200ato\u205f\u200aPillar\u205f\u200aTwo\u205f\u200aincome\u205f\u200a
\ntaxes\u205f\u200a(refer\u205f\u200ato\u205f\u200aNote\u205f\u200a13).
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag354": {
"value": "\n1.23. Segment information
\nIFRS
\nG
\n\u205f\u200a 8\u205f\u200a \u2013\u205f\u200a Operating\u205f\u200a Segments\u205f\u200a requires\u205f\u200a operating\u205f\u200a
\nsegments\u205f\u200a to\u205f\u200a be\u205f\u200a identified\u205f\u200a based\u205f\u200a on\u205f\u200a an\u205f\u200a internal\u205f\u200a
\nreporting.\u205f\u200aThis\u205f\u200a internal\u205f\u200areporting\u205f\u200a is\u205f\u200a analysed\u205f\u200a by\u205f\u200a the\u205f\u200a
\nentity\u2019s\u205f\u200a chief\u205f\u200a operating\u205f\u200a decision-maker,\u205f\u200a in\u205f\u200a order\u205f\u200a to\u205f\u200a
\nassess\u205f\u200aperformance\u205f\u200aand\u205f\u200a make\u205f\u200a resource\u205f\u200a decisions\u205f\u200afor\u205f\u200a
\nthe segments.
\nThe\u205f\u200aidentification\u205f\u200aof\u205f\u200athese\u205f\u200aoperational\u205f\u200asectors\u205f\u200afollows\u205f\u200a
\nfrom\u205f\u200a the\u205f\u200a information\u205f\u200a analysed\u205f\u200a by\u205f\u200a the\u205f\u200a management.\u205f\u200a
\nThis\u205f\u200a information\u205f\u200a is\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a geographic\u205f\u200a
\ndistribution\u205f\u200a of\u205f\u200a political\u205f\u200a and\u205f\u200a economic\u205f\u200a risks,\u205f\u200a as\u205f\u200a well\u205f\u200a
\nas\u205f\u200a on\u205f\u200a the\u205f\u200a analysis\u205f\u200a of\u205f\u200a individual\u205f\u200a social\u205f\u200a accounts\u205f\u200a at\u205f\u200a
\nhistorical cost.
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag355": {
"value": "\n1.24. Use of estimates
\nFor\u205f\u200a the\u205f\u200a preparation\u205f\u200a of\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a
\nstatements\u205f\u200a in\u205f\u200a accordance\u205f\u200a with\u205f\u200a IFRS
\nG
\n,\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nManagement\u205f\u200a has\u205f\u200a made\u205f\u200a use\u205f\u200a of\u205f\u200a its\u205f\u200a best\u205f\u200a estimates\u205f\u200a to\u205f\u200a
\nmake\u205f\u200a assumptions\u205f\u200a on\u205f\u200a the\u205f\u200a following\u205f\u200a aspects,\u205f\u200a and\u205f\u200a
\nto\u205f\u200a what\u205f\u200a extent\u205f\u200a they\u205f\u200a were\u205f\u200a affected:\u205f\u200a the\u205f\u200a carrying\u205f\u200a
\namount\u205f\u200a of\u205f\u200a assets\u205f\u200a and\u205f\u200a liabilities,\u205f\u200a information\u205f\u200a on\u205f\u200a
\nassets\u205f\u200a and\u205f\u200a liabilities,\u205f\u200a contingent\u205f\u200a liabilities\u205f\u200a and\u205f\u200a the\u205f\u200a
\ncarrying\u205f\u200a amount\u205f\u200a of\u205f\u200a income\u205f\u200a and\u205f\u200a expenses\u205f\u200a recorded\u205f\u200a
\nduring\u205f\u200a the\u205f\u200a period.\u205f\u200a Depending\u205f\u200a on\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a
\nthese\u205f\u200a assumptions\u205f\u200aor\u205f\u200a different\u205f\u200aeconomic\u205f\u200a conditions,\u205f\u200a
\nthe\u205f\u200a amount\u205f\u200a that\u205f\u200a will\u205f\u200a appear\u205f\u200a in\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a future\u205f\u200a
\nconsolidated\u205f\u200a financial\u205f\u200a statements\u205f\u200a may\u205f\u200a differ\u205f\u200a from\u205f\u200a
\ncurrent\u205f\u200a estimates.\u205f\u200a Material\u205f\u200a accounting\u205f\u200a policies,\u205f\u200a for\u205f\u200a
\nwhich\u205f\u200athe\u205f\u200aGroup\u205f\u200ahas\u205f\u200amade\u205f\u200aestimates,\u205f\u200amainly\u205f\u200aconcern\u205f\u200a
\nthe application of IAS
\nG
\n\u205f\u200a19\u205f\u200a\u2013\u205f\u200aEmployee\u205f\u200aBenefits\u205f\u200a(Note\u205f\u200a
\n22),\u205f\u200aIAS
\nG
\n\u205f\u200a41\u205f\u200a\u2013\u205f\u200aAgriculture\u205f\u200aand\u205f\u200aIAS
\nG
\n\u205f\u200a2\u205f\u200a\u2013\u205f\u200aInventories\u205f\u200a(Note\u205f\u200a
\n16),\u205f\u200aIAS
\nG
\n\u205f\u200a16\u205f\u200a\u2013\u205f\u200aProperty,\u205f\u200aPlant\u205f\u200aand\u205f\u200aEquipment\u205f\u200a(Note\u205f\u200a5),\u205f\u200a
\nIAS
\nG
\n\u205f\u200a36\u205f\u200a\u2013\u205f\u200aImpairment\u205f\u200aof\u205f\u200aAssets\u205f\u200a(Notes\u205f\u200a6\u205f\u200aand\u205f\u200a8),\u205f\u200aIFRS
\nG
\n
\n9\u205f\u200a\u2013\u205f\u200aFinancial\u205f\u200aInstruments\u205f\u200a(Notes\u205f\u200a25\u205f\u200aand\u205f\u200a34)\u205f\u200aand\u205f\u200aIFRS
\nG
\n
\n16\u205f\u200a\u2013\u205f\u200aLeases\u205f\u200a(Note\u205f\u200a3).
\nIn\u205f\u200athe\u205f\u200aabsence\u205f\u200aof\u205f\u200aobservable\u205f\u200adata\u205f\u200awithin\u205f\u200athe\u205f\u200ascope\u205f\u200aof\u205f\u200a
\nIFRS
\nG
\n\u205f\u200a13\u205f\u200a\u2013\u205f\u200aFair\u205f\u200aValue\u205f\u200aMeasurement,\u205f\u200athe\u205f\u200aGroup\u205f\u200amakes\u205f\u200a
\nuse\u205f\u200a of\u205f\u200a a\u205f\u200a model\u205f\u200a developed\u205f\u200a with\u205f\u200a the\u205f\u200a aim\u205f\u200a to\u205f\u200a assess\u205f\u200a
\nthe\u205f\u200afair\u205f\u200a value\u205f\u200a of\u205f\u200aagricultural\u205f\u200aproduction,\u205f\u200a using\u205f\u200a local\u205f\u200a
\nproduction\u205f\u200acosts\u205f\u200aand\u205f\u200aconditions\u205f\u200aand\u205f\u200alocal\u205f\u200asales\u205f\u200a(Refer\u205f\u200a
\nto\u205f\u200aNote\u205f\u200a1.12).
\nThis\u205f\u200a method\u205f\u200a is\u205f\u200a inherently\u205f\u200a more\u205f\u200a volatile\u205f\u200a than\u205f\u200a
\nassessment at historical cost.
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag363": {
"value": "\n1.27. Environmental, Social and Governance
\nThe\u205f\u200aGroup\u205f\u200ahas\u205f\u200adescribed\u205f\u200aits\u205f\u200aambitions\u205f\u200aand\u205f\u200aobjectives\u205f\u200a
\nin\u205f\u200a terms\u205f\u200a of\u205f\u200a environment,\u205f\u200a social\u205f\u200a responsibilities\u205f\u200a and\u205f\u200a
\n
\n\n\n\ngovernance in a separate Sustainability Report that
\ncan\u205f\u200abe\u205f\u200aaccessed\u205f\u200aon\u205f\u200aSocfinasia\u205f\u200awebsite.
\nManagement\u205f\u200ahas\u205f\u200aperformed\u205f\u200aa\u205f\u200apreliminary\u205f\u200aassessment\u205f\u200a
\nto\u205f\u200ameasure\u205f\u200athe\u205f\u200afinancial\u205f\u200aimpacts\u205f\u200aof\u205f\u200athose\u205f\u200aobjectives\u205f\u200a
\non\u205f\u200a the\u205f\u200a consolidated\u205f\u200a financial\u205f\u200a statements.\u205f\u200a Based\u205f\u200a on\u205f\u200a
\nthis\u205f\u200a assessment,\u205f\u200a Management\u205f\u200a was\u205f\u200a able\u205f\u200a to\u205f\u200a conclude\u205f\u200a
\nthat\u205f\u200a most\u205f\u200a of\u205f\u200a the\u205f\u200a commitments\u205f\u200a described\u205f\u200a in\u205f\u200a the\u205f\u200a
\nSustainability\u205f\u200aReport\u205f\u200ahave\u205f\u200aalready\u205f\u200abeen\u205f\u200aincorporated\u205f\u200a
\nin\u205f\u200athe\u205f\u200abudgets\u205f\u200aof\u205f\u200athe\u205f\u200asubsidiaries\u205f\u200aof\u205f\u200athe\u205f\u200aGroup.\u205f\u200aThose\u205f\u200a
\nbudgets\u205f\u200aare\u205f\u200amainly\u205f\u200aused\u205f\u200afor\u205f\u200adetermination\u205f\u200aof\u205f\u200ainternal\u205f\u200a
\nindicators\u205f\u200a of\u205f\u200a impairment\u205f\u200a but\u205f\u200aalso\u205f\u200a as\u205f\u200aa\u205f\u200a basis\u205f\u200afor\u205f\u200a the\u205f\u200a
\ndetermination\u205f\u200a of\u205f\u200a the\u205f\u200a expected\u205f\u200a growth\u205f\u200a rates\u205f\u200a of\u205f\u200a the\u205f\u200a
\ncompanies.\u205f\u200aA\u205f\u200a further\u205f\u200a description\u205f\u200a for\u205f\u200athe\u205f\u200a assessment\u205f\u200a
\nof\u205f\u200aimpairment\u205f\u200aindicators\u205f\u200ais\u205f\u200aprovided\u205f\u200aNotes\u205f\u200a1.14\u205f\u200aand\u205f\u200a8.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag364": {
"value": "\n
\n\n
\n\nNote 2. Subsidiaries and associates
\n% Group
\nInterest
\n% Group
\nControl
\nConsolidation
\nMethod (*)
\n% Group
\nInterest
\n% Group
\nControl
\nConsolidation
\nMethod (*)
\n2023 2023 2023 2022 2022 2022
\nASIA
\nRubber and palm
\nPT\u205f\u200aSOCFIN\u205f\u200aINDONESIA\u205f\u200a\u201cSOCFINDO\"
\n90.00 90.00 FI 90.00 90.00 FI
\nRubber
\nSETHIKULA\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nSOCFIN-KCD\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nVARANASI\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nCOVIPHAMA\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nEUROPE
\nOther activities
\nCENTRAGES S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nIMMOBILIERE\u205f\u200aDE\u205f\u200aLA\u205f\u200aPEPINIERE\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nINDUSERVICES\u205f\u200aS.A.
\n35.00 35.00 EM 35.00 35.00 EM
\nINDUSERVICES\u205f\u200aFR\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nPLANTATION\u205f\u200aNORD-SUMATRA\u205f\u200aLTD\u205f\u200a
\n\u201cPNS\u205f\u200aLtd\u201d\u205f\u200aS.A.
\n100.00 100.00 FI 100.00 100.00 FI
\nSOCFINCO S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOCFINCO FR S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOCFINDE\u205f\u200aS.A.
\n79.92 79.92 FI 79.92 79.92 FI
\nSODIMEX\u205f\u200aFR\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOGESCOL FR S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nTERRASIA S.A.
\n47.81 47.81 EM 47.81 47.81 EM
\n(*)\u205f\u200aConsolidation\u205f\u200amethod:\u205f\u200aFI:\u205f\u200aFull\u205f\u200aIntegration,\u205f\u200aEM:\u205f\u200aEquity\u205f\u200aMethod,\u205f\u200aNC:\u205f\u200aNot\u205f\u200aConsolidated
\n
\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
\n\n
\n\nList of subsidiaries and associated companies
\n * CENTRAGES\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Belgian\u205f\u200a law\u205f\u200a
\nproviding\u205f\u200a administrative\u205f\u200a and\u205f\u200a accounting\u205f\u200a services\u205f\u200a
\nand\u205f\u200a which\u205f\u200a owns\u205f\u200a three\u205f\u200a floors\u205f\u200a of\u205f\u200a office\u205f\u200a space\u205f\u200a in\u205f\u200a
\nBrussels.
\n * COVIPHAMA\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aactive\u205f\u200ain\u205f\u200athe\u205f\u200aproduction\u205f\u200aof\u205f\u200arubber.
\n * IMMOBILIERE\u205f\u200aDE\u205f\u200aLA\u205f\u200aPEPINIERE\u205f\u200a\u201cPEPINIERE\u201d\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200a
\ncompany\u205f\u200aunder\u205f\u200aBelgian\u205f\u200alaw\u205f\u200awhich\u205f\u200aowns\u205f\u200athree\u205f\u200afloors\u205f\u200a
\nof\u205f\u200aoffice\u205f\u200aspace\u205f\u200ain\u205f\u200aBrussels.
\n * INDUSERVICES\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a
\nLuxembourgish\u205f\u200a law\u205f\u200a whose\u205f\u200a purpose\u205f\u200a is\u205f\u200a to\u205f\u200a provide\u205f\u200a
\nall\u205f\u200a administrative\u205f\u200a services\u205f\u200a to\u205f\u200a all\u205f\u200a companies\u205f\u200a and\u205f\u200a
\norganisations,\u205f\u200a including\u205f\u200a all\u205f\u200a services\u205f\u200a relating\u205f\u200a to\u205f\u200a
\ndocumentation,\u205f\u200abookkeeping\u205f\u200aand\u205f\u200aregister\u205f\u200aservices,\u205f\u200a
\nas\u205f\u200a well\u205f\u200a as\u205f\u200a all\u205f\u200a representation,\u205f\u200a study,\u205f\u200a consultation\u205f\u200a
\nactivities\u205f\u200aand\u205f\u200aassistance.
\n * INDUSERVICES\u205f\u200a FR\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Swiss\u205f\u200a
\nlaw\u205f\u200awhose\u205f\u200apurpose\u205f\u200ais\u205f\u200ato\u205f\u200aprovide\u205f\u200aall\u205f\u200aadministrative\u205f\u200a
\nservices\u205f\u200a to\u205f\u200a all\u205f\u200a companies\u205f\u200a and\u205f\u200a organisations,\u205f\u200a
\nincluding\u205f\u200a all\u205f\u200a services\u205f\u200a relating\u205f\u200a to\u205f\u200a documentation,\u205f\u200a
\nbookkeeping\u205f\u200a and\u205f\u200a register\u205f\u200a services,\u205f\u200a as\u205f\u200a well\u205f\u200a as\u205f\u200a all\u205f\u200a
\nrepresentation,\u205f\u200a study,\u205f\u200a consultation\u205f\u200a activities\u205f\u200a and\u205f\u200a
\nassistance.\u205f\u200aIn\u205f\u200aaddition,\u205f\u200ait\u205f\u200aprovides\u205f\u200aall\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200a
\ncompanies with access to the general IT platform.
\n * PLANTATION\u205f\u200a NORD-SUMATRA\u205f\u200a LTD\u205f\u200a \u201cPNS\u201d\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a
\nholding\u205f\u200a company\u205f\u200a under\u205f\u200a Luxembourgish\u205f\u200a law\u205f\u200a which\u205f\u200a
\nholds\u205f\u200astakes\u205f\u200ain\u205f\u200aPT\u205f\u200aSocfindo\u205f\u200aand\u205f\u200aCoviphama\u205f\u200aCo.
\n * PT\u205f\u200a SOCFIN\u205f\u200a INDONESIA\u205f\u200a \u201cSOCFINDO\u201d\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a
\nunder\u205f\u200a Indonesian\u205f\u200a law\u205f\u200a active\u205f\u200a in\u205f\u200a the\u205f\u200a production\u205f\u200a of\u205f\u200a
\npalm\u205f\u200aoil\u205f\u200aand\u205f\u200arubber.
\n * SETHIKULA\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aholding\u205f\u200aconcessions
\nG
\n\u205f\u200aof\u205f\u200aagricultural\u205f\u200aland.
\n * SOCFIN\u205f\u200aCONSULTANT\u205f\u200aSERVICES\u205f\u200a\u201cSOCFINCO\u201d\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200a
\ncompany\u205f\u200aestablished\u205f\u200ain\u205f\u200aBelgium\u205f\u200aproviding\u205f\u200atechnical\u205f\u200a
\nassistance,\u205f\u200aagronomic\u205f\u200aand\u205f\u200afinancial\u205f\u200aservices.
\n * SOCFIN-KCD\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aactive\u205f\u200ain\u205f\u200athe\u205f\u200aproduction\u205f\u200aof\u205f\u200arubber\u205f\u200aproducts.
\n * SOCFINCO\u205f\u200a FR\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a Swiss\u205f\u200a company\u205f\u200a providing\u205f\u200a
\nservices,\u205f\u200astudies\u205f\u200aand\u205f\u200amanagement\u205f\u200aof\u205f\u200aagro-industrial\u205f\u200a
\nplantations.
\n * SOCFINDE\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200afinance\u205f\u200aholding\u205f\u200acompany\u205f\u200aunder\u205f\u200a
\nLuxembourgish law.
\n * SODIMEX\u205f\u200aFR\u205f\u200aS.A.\u205f\u200a is\u205f\u200a a\u205f\u200aSwiss\u205f\u200acompany\u205f\u200a active\u205f\u200a in\u205f\u200athe\u205f\u200a
\npurchase\u205f\u200aand\u205f\u200asale\u205f\u200aof\u205f\u200aequipment\u205f\u200afor\u205f\u200aplantations.
\n * SOGESCOL FR S.A. is a Swiss company active in the
\ntropical\u205f\u200aproducts\u205f\u200atrade.
\n * TERRASIA\u205f\u200a S.A\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Luxembourgish\u205f\u200a
\nlaw\u205f\u200aowning\u205f\u200aoffice\u205f\u200aspace.
\n * VARANASI\u205f\u200a Co\u205f\u200a LTD\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Cambodian\u205f\u200a
\nlaw\u205f\u200aholding\u205f\u200aconcession
\nG
\n\u205f\u200aof\u205f\u200aagricultural\u205f\u200aland.
\n
\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag365": {
"value": "\n
\n\nNote 2. Subsidiaries and associates
\n% Group
\nInterest
\n% Group
\nControl
\nConsolidation
\nMethod (*)
\n% Group
\nInterest
\n% Group
\nControl
\nConsolidation
\nMethod (*)
\n2023 2023 2023 2022 2022 2022
\nASIA
\nRubber and palm
\nPT\u205f\u200aSOCFIN\u205f\u200aINDONESIA\u205f\u200a\u201cSOCFINDO\"
\n90.00 90.00 FI 90.00 90.00 FI
\nRubber
\nSETHIKULA\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nSOCFIN-KCD\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nVARANASI\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nCOVIPHAMA\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nEUROPE
\nOther activities
\nCENTRAGES S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nIMMOBILIERE\u205f\u200aDE\u205f\u200aLA\u205f\u200aPEPINIERE\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nINDUSERVICES\u205f\u200aS.A.
\n35.00 35.00 EM 35.00 35.00 EM
\nINDUSERVICES\u205f\u200aFR\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nPLANTATION\u205f\u200aNORD-SUMATRA\u205f\u200aLTD\u205f\u200a
\n\u201cPNS\u205f\u200aLtd\u201d\u205f\u200aS.A.
\n100.00 100.00 FI 100.00 100.00 FI
\nSOCFINCO S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOCFINCO FR S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOCFINDE\u205f\u200aS.A.
\n79.92 79.92 FI 79.92 79.92 FI
\nSODIMEX\u205f\u200aFR\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOGESCOL FR S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nTERRASIA S.A.
\n47.81 47.81 EM 47.81 47.81 EM
\n(*)\u205f\u200aConsolidation\u205f\u200amethod:\u205f\u200aFI:\u205f\u200aFull\u205f\u200aIntegration,\u205f\u200aEM:\u205f\u200aEquity\u205f\u200aMethod,\u205f\u200aNC:\u205f\u200aNot\u205f\u200aConsolidated
\n
\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
\n\nList of subsidiaries and associated companies
\n * CENTRAGES\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Belgian\u205f\u200a law\u205f\u200a
\nproviding\u205f\u200a administrative\u205f\u200a and\u205f\u200a accounting\u205f\u200a services\u205f\u200a
\nand\u205f\u200a which\u205f\u200a owns\u205f\u200a three\u205f\u200a floors\u205f\u200a of\u205f\u200a office\u205f\u200a space\u205f\u200a in\u205f\u200a
\nBrussels.
\n * COVIPHAMA\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aactive\u205f\u200ain\u205f\u200athe\u205f\u200aproduction\u205f\u200aof\u205f\u200arubber.
\n * IMMOBILIERE\u205f\u200aDE\u205f\u200aLA\u205f\u200aPEPINIERE\u205f\u200a\u201cPEPINIERE\u201d\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200a
\ncompany\u205f\u200aunder\u205f\u200aBelgian\u205f\u200alaw\u205f\u200awhich\u205f\u200aowns\u205f\u200athree\u205f\u200afloors\u205f\u200a
\nof\u205f\u200aoffice\u205f\u200aspace\u205f\u200ain\u205f\u200aBrussels.
\n * INDUSERVICES\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a
\nLuxembourgish\u205f\u200a law\u205f\u200a whose\u205f\u200a purpose\u205f\u200a is\u205f\u200a to\u205f\u200a provide\u205f\u200a
\nall\u205f\u200a administrative\u205f\u200a services\u205f\u200a to\u205f\u200a all\u205f\u200a companies\u205f\u200a and\u205f\u200a
\norganisations,\u205f\u200a including\u205f\u200a all\u205f\u200a services\u205f\u200a relating\u205f\u200a to\u205f\u200a
\ndocumentation,\u205f\u200abookkeeping\u205f\u200aand\u205f\u200aregister\u205f\u200aservices,\u205f\u200a
\nas\u205f\u200a well\u205f\u200a as\u205f\u200a all\u205f\u200a representation,\u205f\u200a study,\u205f\u200a consultation\u205f\u200a
\nactivities\u205f\u200aand\u205f\u200aassistance.
\n * INDUSERVICES\u205f\u200a FR\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Swiss\u205f\u200a
\nlaw\u205f\u200awhose\u205f\u200apurpose\u205f\u200ais\u205f\u200ato\u205f\u200aprovide\u205f\u200aall\u205f\u200aadministrative\u205f\u200a
\nservices\u205f\u200a to\u205f\u200a all\u205f\u200a companies\u205f\u200a and\u205f\u200a organisations,\u205f\u200a
\nincluding\u205f\u200a all\u205f\u200a services\u205f\u200a relating\u205f\u200a to\u205f\u200a documentation,\u205f\u200a
\nbookkeeping\u205f\u200a and\u205f\u200a register\u205f\u200a services,\u205f\u200a as\u205f\u200a well\u205f\u200a as\u205f\u200a all\u205f\u200a
\nrepresentation,\u205f\u200a study,\u205f\u200a consultation\u205f\u200a activities\u205f\u200a and\u205f\u200a
\nassistance.\u205f\u200aIn\u205f\u200aaddition,\u205f\u200ait\u205f\u200aprovides\u205f\u200aall\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200a
\ncompanies with access to the general IT platform.
\n * PLANTATION\u205f\u200a NORD-SUMATRA\u205f\u200a LTD\u205f\u200a \u201cPNS\u201d\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a
\nholding\u205f\u200a company\u205f\u200a under\u205f\u200a Luxembourgish\u205f\u200a law\u205f\u200a which\u205f\u200a
\nholds\u205f\u200astakes\u205f\u200ain\u205f\u200aPT\u205f\u200aSocfindo\u205f\u200aand\u205f\u200aCoviphama\u205f\u200aCo.
\n * PT\u205f\u200a SOCFIN\u205f\u200a INDONESIA\u205f\u200a \u201cSOCFINDO\u201d\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a
\nunder\u205f\u200a Indonesian\u205f\u200a law\u205f\u200a active\u205f\u200a in\u205f\u200a the\u205f\u200a production\u205f\u200a of\u205f\u200a
\npalm\u205f\u200aoil\u205f\u200aand\u205f\u200arubber.
\n * SETHIKULA\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aholding\u205f\u200aconcessions
\nG
\n\u205f\u200aof\u205f\u200aagricultural\u205f\u200aland.
\n * SOCFIN\u205f\u200aCONSULTANT\u205f\u200aSERVICES\u205f\u200a\u201cSOCFINCO\u201d\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200a
\ncompany\u205f\u200aestablished\u205f\u200ain\u205f\u200aBelgium\u205f\u200aproviding\u205f\u200atechnical\u205f\u200a
\nassistance,\u205f\u200aagronomic\u205f\u200aand\u205f\u200afinancial\u205f\u200aservices.
\n * SOCFIN-KCD\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aactive\u205f\u200ain\u205f\u200athe\u205f\u200aproduction\u205f\u200aof\u205f\u200arubber\u205f\u200aproducts.
\n * SOCFINCO\u205f\u200a FR\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a Swiss\u205f\u200a company\u205f\u200a providing\u205f\u200a
\nservices,\u205f\u200astudies\u205f\u200aand\u205f\u200amanagement\u205f\u200aof\u205f\u200aagro-industrial\u205f\u200a
\nplantations.
\n * SOCFINDE\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200afinance\u205f\u200aholding\u205f\u200acompany\u205f\u200aunder\u205f\u200a
\nLuxembourgish law.
\n * SODIMEX\u205f\u200aFR\u205f\u200aS.A.\u205f\u200a is\u205f\u200a a\u205f\u200aSwiss\u205f\u200acompany\u205f\u200a active\u205f\u200a in\u205f\u200athe\u205f\u200a
\npurchase\u205f\u200aand\u205f\u200asale\u205f\u200aof\u205f\u200aequipment\u205f\u200afor\u205f\u200aplantations.
\n * SOGESCOL FR S.A. is a Swiss company active in the
\ntropical\u205f\u200aproducts\u205f\u200atrade.
\n * TERRASIA\u205f\u200a S.A\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Luxembourgish\u205f\u200a
\nlaw\u205f\u200aowning\u205f\u200aoffice\u205f\u200aspace.
\n * VARANASI\u205f\u200a Co\u205f\u200a LTD\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Cambodian\u205f\u200a
\nlaw\u205f\u200aholding\u205f\u200aconcession
\nG
\n\u205f\u200aof\u205f\u200aagricultural\u205f\u200aland.
\n
\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag366": {
"value": "\nNote 2. Subsidiaries and associates
\n% Group
\nInterest
\n% Group
\nControl
\nConsolidation
\nMethod (*)
\n% Group
\nInterest
\n% Group
\nControl
\nConsolidation
\nMethod (*)
\n2023 2023 2023 2022 2022 2022
\nASIA
\nRubber and palm
\nPT\u205f\u200aSOCFIN\u205f\u200aINDONESIA\u205f\u200a\u201cSOCFINDO\"
\n90.00 90.00 FI 90.00 90.00 FI
\nRubber
\nSETHIKULA\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nSOCFIN-KCD\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nVARANASI\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nCOVIPHAMA\u205f\u200aCO\u205f\u200aLTD
\n100.00 100.00 FI 100.00 100.00 FI
\nEUROPE
\nOther activities
\nCENTRAGES S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nIMMOBILIERE\u205f\u200aDE\u205f\u200aLA\u205f\u200aPEPINIERE\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nINDUSERVICES\u205f\u200aS.A.
\n35.00 35.00 EM 35.00 35.00 EM
\nINDUSERVICES\u205f\u200aFR\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nPLANTATION\u205f\u200aNORD-SUMATRA\u205f\u200aLTD\u205f\u200a
\n\u201cPNS\u205f\u200aLtd\u201d\u205f\u200aS.A.
\n100.00 100.00 FI 100.00 100.00 FI
\nSOCFINCO S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOCFINCO FR S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOCFINDE\u205f\u200aS.A.
\n79.92 79.92 FI 79.92 79.92 FI
\nSODIMEX\u205f\u200aFR\u205f\u200aS.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nSOGESCOL FR S.A.
\n50.00 50.00 EM 50.00 50.00 EM
\nTERRASIA S.A.
\n47.81 47.81 EM 47.81 47.81 EM
\n(*)\u205f\u200aConsolidation\u205f\u200amethod:\u205f\u200aFI:\u205f\u200aFull\u205f\u200aIntegration,\u205f\u200aEM:\u205f\u200aEquity\u205f\u200aMethod,\u205f\u200aNC:\u205f\u200aNot\u205f\u200aConsolidated
\n
\n\n\n\n\n\n\n\n\n\nList of subsidiaries and associated companies
\n * CENTRAGES\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Belgian\u205f\u200a law\u205f\u200a
\nproviding\u205f\u200a administrative\u205f\u200a and\u205f\u200a accounting\u205f\u200a services\u205f\u200a
\nand\u205f\u200a which\u205f\u200a owns\u205f\u200a three\u205f\u200a floors\u205f\u200a of\u205f\u200a office\u205f\u200a space\u205f\u200a in\u205f\u200a
\nBrussels.
\n * COVIPHAMA\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aactive\u205f\u200ain\u205f\u200athe\u205f\u200aproduction\u205f\u200aof\u205f\u200arubber.
\n * IMMOBILIERE\u205f\u200aDE\u205f\u200aLA\u205f\u200aPEPINIERE\u205f\u200a\u201cPEPINIERE\u201d\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200a
\ncompany\u205f\u200aunder\u205f\u200aBelgian\u205f\u200alaw\u205f\u200awhich\u205f\u200aowns\u205f\u200athree\u205f\u200afloors\u205f\u200a
\nof\u205f\u200aoffice\u205f\u200aspace\u205f\u200ain\u205f\u200aBrussels.
\n * INDUSERVICES\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a
\nLuxembourgish\u205f\u200a law\u205f\u200a whose\u205f\u200a purpose\u205f\u200a is\u205f\u200a to\u205f\u200a provide\u205f\u200a
\nall\u205f\u200a administrative\u205f\u200a services\u205f\u200a to\u205f\u200a all\u205f\u200a companies\u205f\u200a and\u205f\u200a
\norganisations,\u205f\u200a including\u205f\u200a all\u205f\u200a services\u205f\u200a relating\u205f\u200a to\u205f\u200a
\ndocumentation,\u205f\u200abookkeeping\u205f\u200aand\u205f\u200aregister\u205f\u200aservices,\u205f\u200a
\nas\u205f\u200a well\u205f\u200a as\u205f\u200a all\u205f\u200a representation,\u205f\u200a study,\u205f\u200a consultation\u205f\u200a
\nactivities\u205f\u200aand\u205f\u200aassistance.
\n * INDUSERVICES\u205f\u200a FR\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Swiss\u205f\u200a
\nlaw\u205f\u200awhose\u205f\u200apurpose\u205f\u200ais\u205f\u200ato\u205f\u200aprovide\u205f\u200aall\u205f\u200aadministrative\u205f\u200a
\nservices\u205f\u200a to\u205f\u200a all\u205f\u200a companies\u205f\u200a and\u205f\u200a organisations,\u205f\u200a
\nincluding\u205f\u200a all\u205f\u200a services\u205f\u200a relating\u205f\u200a to\u205f\u200a documentation,\u205f\u200a
\nbookkeeping\u205f\u200a and\u205f\u200a register\u205f\u200a services,\u205f\u200a as\u205f\u200a well\u205f\u200a as\u205f\u200a all\u205f\u200a
\nrepresentation,\u205f\u200a study,\u205f\u200a consultation\u205f\u200a activities\u205f\u200a and\u205f\u200a
\nassistance.\u205f\u200aIn\u205f\u200aaddition,\u205f\u200ait\u205f\u200aprovides\u205f\u200aall\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200a
\ncompanies with access to the general IT platform.
\n * PLANTATION\u205f\u200a NORD-SUMATRA\u205f\u200a LTD\u205f\u200a \u201cPNS\u201d\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a
\nholding\u205f\u200a company\u205f\u200a under\u205f\u200a Luxembourgish\u205f\u200a law\u205f\u200a which\u205f\u200a
\nholds\u205f\u200astakes\u205f\u200ain\u205f\u200aPT\u205f\u200aSocfindo\u205f\u200aand\u205f\u200aCoviphama\u205f\u200aCo.
\n * PT\u205f\u200a SOCFIN\u205f\u200a INDONESIA\u205f\u200a \u201cSOCFINDO\u201d\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a
\nunder\u205f\u200a Indonesian\u205f\u200a law\u205f\u200a active\u205f\u200a in\u205f\u200a the\u205f\u200a production\u205f\u200a of\u205f\u200a
\npalm\u205f\u200aoil\u205f\u200aand\u205f\u200arubber.
\n * SETHIKULA\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aholding\u205f\u200aconcessions
\nG
\n\u205f\u200aof\u205f\u200aagricultural\u205f\u200aland.
\n * SOCFIN\u205f\u200aCONSULTANT\u205f\u200aSERVICES\u205f\u200a\u201cSOCFINCO\u201d\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200a
\ncompany\u205f\u200aestablished\u205f\u200ain\u205f\u200aBelgium\u205f\u200aproviding\u205f\u200atechnical\u205f\u200a
\nassistance,\u205f\u200aagronomic\u205f\u200aand\u205f\u200afinancial\u205f\u200aservices.
\n * SOCFIN-KCD\u205f\u200aCO\u205f\u200aLTD\u205f\u200ais\u205f\u200aa\u205f\u200acompany\u205f\u200aunder\u205f\u200aCambodian\u205f\u200a
\nlaw\u205f\u200aactive\u205f\u200ain\u205f\u200athe\u205f\u200aproduction\u205f\u200aof\u205f\u200arubber\u205f\u200aproducts.
\n * SOCFINCO\u205f\u200a FR\u205f\u200a S.A.\u205f\u200a is\u205f\u200a a\u205f\u200a Swiss\u205f\u200a company\u205f\u200a providing\u205f\u200a
\nservices,\u205f\u200astudies\u205f\u200aand\u205f\u200amanagement\u205f\u200aof\u205f\u200aagro-industrial\u205f\u200a
\nplantations.
\n * SOCFINDE\u205f\u200aS.A.\u205f\u200ais\u205f\u200aa\u205f\u200afinance\u205f\u200aholding\u205f\u200acompany\u205f\u200aunder\u205f\u200a
\nLuxembourgish law.
\n * SODIMEX\u205f\u200aFR\u205f\u200aS.A.\u205f\u200a is\u205f\u200a a\u205f\u200aSwiss\u205f\u200acompany\u205f\u200a active\u205f\u200a in\u205f\u200athe\u205f\u200a
\npurchase\u205f\u200aand\u205f\u200asale\u205f\u200aof\u205f\u200aequipment\u205f\u200afor\u205f\u200aplantations.
\n * SOGESCOL FR S.A. is a Swiss company active in the
\ntropical\u205f\u200aproducts\u205f\u200atrade.
\n * TERRASIA\u205f\u200a S.A\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Luxembourgish\u205f\u200a
\nlaw\u205f\u200aowning\u205f\u200aoffice\u205f\u200aspace.
\n * VARANASI\u205f\u200a Co\u205f\u200a LTD\u205f\u200a is\u205f\u200a a\u205f\u200a company\u205f\u200a under\u205f\u200a Cambodian\u205f\u200a
\nlaw\u205f\u200aholding\u205f\u200aconcession
\nG
\n\u205f\u200aof\u205f\u200aagricultural\u205f\u200aland.
\n
\n\n\n\n\n\n\n\n\n\nNote 10. Investments in associates
\n2023 2022
\n EUR EUR
\nValue as at 1 January
\n25,588,658 21,934,906
\nIncome from associates
\n5,890,456 10,844,143
\nDividends
\n-8,292,174 -7,126,982
\nShare in other comprehensive income
\nG
\n from associates
\n-337,884 443,737
\nScope\u205f\u200aexits\u205f\u200a(Note\u205f\u200a2)
\n0 -442,029
\nOther movements
\n-161,385 -65,117
\nValue as at 31 December
\n22,687,671 25,588,658
\n
\nValue of investment
\nin associates
\nIncome from
\nassociates
\nValue of investment
\nin associates
\nIncome from
\nassociates
\n
\n31/12/2023 2023 31/12/2022 2022
\n EUR EUR EUR EUR
\nCentrages
\n3,344,822 79,639 3,365,183 132,473
\nImmobili\u00e8re\u205f\u200ade\u205f\u200ala\u205f\u200aP\u00e9pini\u00e8re
\n1,794,038 -71,861 1,866,129 1,962
\nInduservices
\n170,144 55,471 114,673 30,840
\nInduservices\u205f\u200aFR
\n0 125,258 0 -108,679
\nManagement\u205f\u200aAssociates
\n0 0 0 154,201
\nSocfinco
\n313,853 -4,683 318,537 -256,646
\nSocfinco\u205f\u200aFR
\n7,106,126 2,558,601 8,639,420 5,223,770
\nSodimex
\n0 0 0 -49,895
\nSodimex\u205f\u200aFR
\n2,116,830 342,281 2,183,194 451,950
\nSogescol FR
\n7,533,893 2,791,818 8,807,490 5,249,578
\nTerrasia
\n307,966 13,933 294,033 14,590
\n
\nTOTAL
\n22,687,672 5,890,457 25,588,659 10,844,144
\n
\n\n\n\n\n\n\n\n
\nTotal assets Revenue Total assets Revenue
\n31/12/2023 2023 31/12/2022 2022
\n EUR EUR EUR EUR
\nCentrages
\n3,973,190 3,921,004 4,106,686 3,880,683
\nImmobili\u00e8re\u205f\u200ade\u205f\u200ala\u205f\u200aP\u00e9pini\u00e8re
\n3,738,399 512,571 4,019,267 591,134
\nInduservices
\n1,080,076 2,240,040 815,459 2,700,576
\nInduservices\u205f\u200aFR
\n7,823,488 3,651,270 6,629,460 2,937,282
\nSocfinco
\n1,581,948 0 1,589,976 169
\nSocfinco\u205f\u200aFR
\n25,146,251 26,708,826 26,442,122 30,292,559
\nSodimex\u205f\u200aFR
\n8,126,993 21,344,372 10,279,841 21,313,415
\nSogescol FR
\n47,993,053 326,642,221 48,532,250 411,044,829
\nTerrasia
\n655,210 0 624,891 0
\n
\nTOTAL
\n100,118,608 385,020,304 103,039,952 472,760,647
\n\nMain data of significant associates accounted for using the equity method
\nAssociate company Main location Main activity
\nDividend
\nreceived
\nDividend
\nreceived
\n31/12/2023 31/12/2022
\nEUR EUR
\nSocfinco Belgium Rendering\u205f\u200aof\u205f\u200aservices
\n0 200,000
\nSocfinco\u205f\u200aFR Switzerland Rendering\u205f\u200aof\u205f\u200aservices
\n4,000,000 4,000,000
\nSodimex\u205f\u200aFR Switzerland Purchase\u205f\u200aand\u205f\u200asale\u205f\u200aof\u205f\u200aequipment
\n375,000 250,000
\nSogescol FR Switzerland Trade\u205f\u200aof\u205f\u200atropical\u205f\u200aproducts
\n3,744,267 2,476,982
\nTOTAL
\n8,119,267 6,926,982
\n
\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\nSummary financial information of interests held in associates \u2013 Statement of financial position
\nAssociate company
\nCurrent
\nassets
\nNon-current
\nassets
\nCurrent
\nliabilities
\nNon-current
\nliabilities
\n31/12/2022 EUR EUR EUR EUR
\nCentrages 2,209,820 1,896,866 728,645 0
\nSocfinco\u205f\u200aFR 22,132,936 4,309,187 6,658,770 3,351,275
\nSodimex\u205f\u200aFR 10,245,556 34,286 5,825,789 0
\nSogescol FR 47,807,127 725,123 31,698,353 0
\nTOTAL
\n82,395,439 6,965,462 44,911,557 3,351,275
\n31/12/2023 EUR EUR EUR EUR
\nCentrages 2,473,196 1,499,994 677,627 0
\nSocfinco\u205f\u200aFR 19,702,567 5,443,685 8,691,698 1,533,477
\nSodimex\u205f\u200aFR 8,104,378 22,616 3,492,398 301,364
\nSogescol FR 44,344,968 3,648,084 32,518,033 0
\nTOTAL
\n74,625,109 10,614,379 45,379,756 1,834,841
\nSummary financial information of interests held in associates \u2013 Income statement
\nAssociate company
\nProfit from
\noperations
\nNet income for
\nthe period
\nOther
\ncomprehensive
\nincome for the
\nperiod
\nTotal
\ncomprehensive
\nincome for the
\nperiod
\n2022 EUR EUR EUR EUR
\nCentrages 223,191 223,191 0 223,191
\nSocfinco\u205f\u200aFR 8,833,675 8,833,675 51,338 8,885,013
\nSodimex\u205f\u200aFR 905,204 905,204 90,864 996,068
\nSogescol FR 8,459,383 8,459,383 192,819 8,652,202
\nTOTAL
\n18,421,453 18,421,453 335,022 18,756,475
\n2023 EUR EUR EUR EUR
\nCentrages 217,890 117,522 0 117,522
\nSocfinco\u205f\u200aFR 7,755,033 6,488,998 -91,830 6,397,168
\nSodimex\u205f\u200aFR 712,284 609,180 -33,645 575,535
\nSogescol FR 7,990,852 6,193,674 -87,087 6,106,587
\nTOTAL
\n16,676,059 13,409,374 -212,563 13,196,811
\n
\n\n\n\n\n\n\n\nReconciliation of the financial information summarised above to the carrying amount of the investments
\nin the consolidated financial statements
\nAssociate company
\nNet assets
\nof the associate
\n% stake held by
\nthe Group
\nOther IFRS
\nG
\n
\nadjustments
\nValue of stake
\nheld by the Group
\n31/12/2022 EUR EUR EUR
\nCentrages 3,378,041 50% 1,676,163 3,365,183
\nSocfinco\u205f\u200aFR 16,432,078 50% 423,381 8,639,420
\nSodimex\u205f\u200aFR 4,454,053 50% -43,833 2,183,194
\nSogescol FR 16,833,897 50% 390,542 8,807,490
\nTOTAL
\n41,098,069 2,446,253 22,995,287
\n31/12/2023 EUR EUR EUR
\nCentrages 3,295,563 50% 1,697,041 3,344,822
\nSocfinco\u205f\u200aFR 14,921,076 50% -354,412 7,106,126
\nSodimex\u205f\u200aFR 4,333,232 50% -49,786 2,116,830
\nSogescol FR 15,475,019 50% -203,617 7,533,893
\nTOTAL
\n38,024,891 1,089,226 20,101,671
\nThere\u205f\u200ais\u205f\u200ano\u205f\u200agoodwill\u205f\u200aattributed\u205f\u200ato\u205f\u200athe\u205f\u200aabove\u205f\u200aassociates.
\nAggregated information relating to associates that are not significant individually
\n2023 2022
\nEUR EUR
\nShare\u205f\u200aof\u205f\u200aprofit\u205f\u200afrom\u205f\u200acontinued\u205f\u200aoperations\u205f\u200aattributable\u205f\u200ato\u205f\u200athe\u205f\u200aGroup
\n118,118 -213,627
\nShare of other comprehensive income
\nG
\n attributable to the Group
\n-125,259 108,679
\nShare of total comprehensive income
\nG
\n attributable to the Group
\n-7,141 -104,948
\n
\nTotal\u205f\u200abook\u205f\u200avalue\u205f\u200aof\u205f\u200ainvestments\u205f\u200ain\u205f\u200aassociates\u205f\u200aheld\u205f\u200aby\u205f\u200athe\u205f\u200aGroup
\n2,586,000 2,593,372
\nProfit\u205f\u200aafter\u205f\u200atax\u205f\u200afrom\u205f\u200adiscontinued\u205f\u200aoperations\u205f\u200afor\u205f\u200a2023\u205f\u200a
\nand\u205f\u200a 2022\u205f\u200a are\u205f\u200a nil\u205f\u200a for\u205f\u200a all\u205f\u200a associate\u205f\u200a companies\u205f\u200a of\u205f\u200a the\u205f\u200a
\nGroup.
\nThe\u205f\u200a nature,\u205f\u200a extent\u205f\u200a and\u205f\u200a financial\u205f\u200a impact\u205f\u200a of\u205f\u200a the\u205f\u200a
\ninterests\u205f\u200a held\u205f\u200a in\u205f\u200a associates\u205f\u200a by\u205f\u200a the\u205f\u200a Group,\u205f\u200a including\u205f\u200a
\nthe nature of relationships with other investors,
\nremained\u205f\u200a stable\u205f\u200aover\u205f\u200a the\u205f\u200a financial\u205f\u200a period\u205f\u200a compared\u205f\u200a
\nto the previous year.
\n
\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag367": {
"value": "\nNote 3. Leases
\nThe\u205f\u200aamounts\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200abalance\u205f\u200asheet,\u205f\u200arelated\u205f\u200ato\u205f\u200aleases\u205f\u200aunder\u205f\u200aIFRS
\nG
\n\u205f\u200a16\u205f\u200aare\u205f\u200aas\u205f\u200afollows:
\nRight-of-use assets
\n
\nEUR Buildings
\nLand and
\nconcession
\nG
\n of
\nagricultural area TOTAL
\nGross value as at 1 January 2022
\n300,283 1,260,658 1,560,941
\nAdditions
\n0 1,171,888 1,171,888
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n18,581 -90,767 -72,186
\nGross value as at 31 December 2022
\n318,864 2,341,779 2,660,643
\nAccumulated depreciation as at 1 January 2022
\n-130,611 -520,264 -650,875
\nDepreciation
\n-28,424 -112,901 -141,325
\nTransfer
\n0 -14,218 -14,218
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n-7,584 19,502 11,918
\nAccumulated depreciation as at 31 December 2022
\n-166,619 -627,881 -794,500
\nNet book value as at 31 December 2022
\n152,245 1,713,898 1,866,143
\nGross value as at 1 January 2023 318,864 2,341,779 2,660,643
\nAdditions 0 1,047,577 1,047,577
\nForeign\u205f\u200aexchange\u205f\u200adifferences -11,081 -101,983 -113,064
\nGross value as at 31 December 2023 307,783 3,287,373 3,595,156
\nAccumulated depreciation as at 1 January 2023 -166,619 -627,881 -794,500
\nDepreciation -27,513 -105,996 -133,509
\nForeign\u205f\u200aexchange\u205f\u200adifferences 6,347 20,356 26,703
\nAccumulated depreciation as at 31 December 2023 -187,785 -713,521 -901,306
\nNet book value as at 31 December 2023 119,998 2,573,852 2,693,850
\nLease liabilities
\n31/12/2023 31/12/2022
\n EUR EUR
\nLong-term lease liabilities
\n356,638 397,717
\nShort-term lease liabilities
\n27,258 28,105
\n
\nTOTAL
\n383,896 425,822
\n
\n\n\n\n\n\n\n\n\n\n
\nLong-term\u205f\u200alease\u205f\u200aliabilities\u205f\u200aare\u205f\u200apayable\u205f\u200aas\u205f\u200afollows:
\n2022
\nEUR 2024 2025 2026 2027
\n2028 and
\nabove
\nTOTAL
\nLease liabilities
\n28,239 28,374 28,511 28,649 283,944 397,717
\n2023
\nEUR 2025 2026 2027 2028
\n2029 and
\nabove
\nTOTAL
\nLease liabilities
\n27,388 27,520 27,653 34 274,042 356,637
\nThe\u205f\u200aamounts\u205f\u200arecognised\u205f\u200ain\u205f\u200athe\u205f\u200aincome\u205f\u200astatement\u205f\u200ain\u205f\u200arelation\u205f\u200awith\u205f\u200athe\u205f\u200alease\u205f\u200acontracts\u205f\u200aare\u205f\u200adetailed\u205f\u200aas\u205f\u200afollows:
\n2023 2022
\n EUR EUR
\nDepreciation\u205f\u200aof\u205f\u200aright-of-use\u205f\u200aassets
\n133,509 141,325
\nExpenses\u205f\u200arelated\u205f\u200ato\u205f\u200ashort-term\u205f\u200aleases\u205f\u200aand\u205f\u200aleases\u205f\u200aof\u205f\u200alow-value\u205f\u200aassets
\n8,318 8,553
\nInterest\u205f\u200aexpense\u205f\u200a(included\u205f\u200ain\u205f\u200athe\u205f\u200afinancial\u205f\u200aexpenses)
\n40,977 42,471
\n
\nTOTAL
\n182,804 192,349
\n\nAgricultural land and concessions
\nG
\nThe\u205f\u200aGroup\u205f\u200adoes\u205f\u200anot\u205f\u200aown\u205f\u200aall\u205f\u200aof\u205f\u200athe\u205f\u200aland\u205f\u200aon\u205f\u200awhich\u205f\u200aits\u205f\u200abio-based\u205f\u200aassets\u205f\u200aare\u205f\u200aplanted.\u205f\u200aIn\u205f\u200ageneral,\u205f\u200athese\u205f\u200alands\u205f\u200aare\u205f\u200a
\nsubject to very long-term concessions
\nG
\n from the local public authority. These concessions
\nG
\n are renewable.
\nCompany
\nDate of initial
\nlease or renewal
\nextension
\nDuration of the
\ninitial lease
\nArea conceded
\nSETHIKULA 2010 99 years 4,273 ha
\nVARANASI 2009 70 years 2,386\u205f\u200aha
\nCOVIPHAMA 2008 70 years 5,345 ha
\nSOCFINDO 1990 to 2023 25 to 35 years 47,532 ha
\n
\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag368": {
"value": "\nAgricultural land and concessions
\nG
\nThe\u205f\u200aGroup\u205f\u200adoes\u205f\u200anot\u205f\u200aown\u205f\u200aall\u205f\u200aof\u205f\u200athe\u205f\u200aland\u205f\u200aon\u205f\u200awhich\u205f\u200aits\u205f\u200abio-based\u205f\u200aassets\u205f\u200aare\u205f\u200aplanted.\u205f\u200aIn\u205f\u200ageneral,\u205f\u200athese\u205f\u200alands\u205f\u200aare\u205f\u200a
\nsubject to very long-term concessions
\nG
\n from the local public authority. These concessions
\nG
\n are renewable.
\nCompany
\nDate of initial
\nlease or renewal
\nextension
\nDuration of the
\ninitial lease
\nArea conceded
\nSETHIKULA 2010 99 years 4,273 ha
\nVARANASI 2009 70 years 2,386\u205f\u200aha
\nCOVIPHAMA 2008 70 years 5,345 ha
\nSOCFINDO 1990 to 2023 25 to 35 years 47,532 ha
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBiologicalAssetsAndGovernmentGrantsForAgriculturalActivityExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag369": {
"value": "\n
\n\nNote 4. Intangible assets
\nEUR
\nConcessions
\nG
\n
\nand patents Softwares TOTAL
\nCost as at 1 January 2022
\n615,096 1,689,291 2,304,387
\nAdditions
\n582,356 53,577 635,933
\nDisposals
\n-446 -591 -1,037
\nTransfer
\n-1,171,888 0 -1,171,888
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n21,897 -59,530 -37,633
\nCost as at 31 December 2022
\n47,015 1,682,747 1,729,762
\nAccumulated depreciation as at 1 January 2022
\n-58,474 -1,417,300 -1,475,774
\nDepreciation
\n0 -80,101 -80,101
\nDepreciation\u205f\u200areversals
\n446 591 1,037
\nTransfer
\n14,218 0 14,218
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n-3,205 51,841 48,636
\nAccumulated depreciation as at 31 December 2022
\n-47,015 -1,444,969 -1,491,984
\nNet book value as at 31 December 2022
\n0 237,778 237,778
\nCost as at 1 January 2023
\n47,015 1,682,747 1,729,762
\nAdditions
\n409 124,071 124,480
\nDisposals
\n-122 0 -122
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n-2,038 -46,353 -48,391
\nCost as at 31 December 2023
\n45,264 1,760,465 1,805,729
\nAccumulated depreciation as at 1 January 2023
\n-47,015 -1,444,969 -1,491,984
\nDepreciation
\n0 -51,568 -51,568
\nDepreciation\u205f\u200areversals
\n122 0 122
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n1,629 37,995 39,624
\nAccumulated depreciation as at 31 December 2023
\n-45,264 -1,458,542 -1,503,806
\nNet book value as at 31 December 2023
\n0 301,923 301,923
\n
\n\n\n\n\n\n\n\n\n\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag370": {
"value": "\nNote 4. Intangible assets
\nEUR
\nConcessions
\nG
\n
\nand patents Softwares TOTAL
\nCost as at 1 January 2022
\n615,096 1,689,291 2,304,387
\nAdditions
\n582,356 53,577 635,933
\nDisposals
\n-446 -591 -1,037
\nTransfer
\n-1,171,888 0 -1,171,888
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n21,897 -59,530 -37,633
\nCost as at 31 December 2022
\n47,015 1,682,747 1,729,762
\nAccumulated depreciation as at 1 January 2022
\n-58,474 -1,417,300 -1,475,774
\nDepreciation
\n0 -80,101 -80,101
\nDepreciation\u205f\u200areversals
\n446 591 1,037
\nTransfer
\n14,218 0 14,218
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n-3,205 51,841 48,636
\nAccumulated depreciation as at 31 December 2022
\n-47,015 -1,444,969 -1,491,984
\nNet book value as at 31 December 2022
\n0 237,778 237,778
\nCost as at 1 January 2023
\n47,015 1,682,747 1,729,762
\nAdditions
\n409 124,071 124,480
\nDisposals
\n-122 0 -122
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n-2,038 -46,353 -48,391
\nCost as at 31 December 2023
\n45,264 1,760,465 1,805,729
\nAccumulated depreciation as at 1 January 2023
\n-47,015 -1,444,969 -1,491,984
\nDepreciation
\n0 -51,568 -51,568
\nDepreciation\u205f\u200areversals
\n122 0 122
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n1,629 37,995 39,624
\nAccumulated depreciation as at 31 December 2023
\n-45,264 -1,458,542 -1,503,806
\nNet book value as at 31 December 2023
\n0 301,923 301,923
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag371": {
"value": "\nNote 5. Property, plant and equipment
\nEUR
\nLand and
\nnurseries
\n(**) Buildings
\nTechnical
\ninstallations
\nFurniture,
\nvehicles and
\nothers
\nWork in
\nprogress
\nAdvances
\nand pre-
\npayments TOTAL
\nCost as at
\n1 January 2022
\n4,631,730 71,227,704 66,035,129 2,207,097 31,348 4,249 144,137,257
\nAdditions\u205f\u200a(*)
\n897,761 867,390 2,411,185 1,936,327 118,524 72,671 6,303,858
\nDisposals
\n-814,455 -41,902 -387,475 -766,566 0 0 -2,010,398
\nTransfer
\n-458,382 39,874 -12,788,979 12,788,688 -39,874 -1,550 -460,223
\nForeign exchange
\ndifferences
\n191,134 -999,343 -1,025,891 -870,621 561 -984 -2,705,144
\nCost as at
\n31 December 2022
\n4,447,788 71,093,723 54,243,969 15,294,925 110,559 74,386 145,265,350
\n
\n
\nAccumulated
\ndepreciation as at
\n1 January 2022
\n-21,228 -49,032,994 -51,413,412 -2,361,173 0 0 -102,828,807
\nDepreciation
\n0 -1,972,066 -2,220,215 -1,305,477 0 0 -5,497,758
\nDepreciation\u205f\u200areversals
\n22,946 39,989 381,523 731,185 0 0 1,175,643
\nTransfer
\n0 0 9,176,617 -9,174,777 0 0 1,840
\nForeign exchange
\ndifferences
\n-1,718 1,270,341 980,800 627,153 0 0 2,876,576
\nAccumulated
\ndepreciation as at
\n31 December 2022
\n0 -49,694,730 -43,094,687 -11,483,089 0 0 -104,272,506
\nNet book value as at
\n31 December 2022
\n4,447,788 21,398,993 11,149,282 3,811,836 110,559 74,386 40,992,844
\nCost as at
\n1 January 2023
\n4,447,788 71,093,723 54,243,969 15,294,925 110,559 74,386 145,265,350
\nAdditions\u205f\u200a(*)
\n0 1,588,418 1,944,221 2,007,240 221,573 87,571 5,849,023
\nDisposals
\n0 -184,117 -687,127 -49,723 0 0 -920,967
\nTransfer
\n-843,920 201,459 94,867 0 -209,181 -87,145 -843,920
\nForeign exchange
\ndifferences
\n-124,922 -1,984,690 -1,451,509 -467,490 -4,093 -2,594 -4,035,298
\nCost as at
\n31 December 2023
\n3,478,946 70,714,793 54,144,421 16,784,952 118,858 72,218 145,314,188
\n
\n
\nAccumulated
\ndepreciation as at
\n1 January 2023
\n0 -49,694,730 -43,094,687 -11,483,089 0 0 -104,272,506
\nDepreciation
\n0 -1,789,250 -2,273,315 -1,430,713 0 0 -5,493,278
\nDepreciation\u205f\u200areversals
\n0 158,912 601,609 49,623 0 0 810,144
\nForeign exchange
\ndifferences
\n0 1,343,932 1,159,710 347,697 0 0 2,851,339
\nAccumulated
\ndepreciation as at
\n31 December 2023
\n0 -49,981,136 -43,606,683 -12,516,482 0 0 -106,104,301
\n
\n
\nNet book value as at
\n31 December 2023
\n3,478,946 20,733,657 10,537,738 4,268,470 118,858 72,218 39,209,887
\n(*)\u205f\u200a Additions\u205f\u200afor\u205f\u200athe\u205f\u200aperiod\u205f\u200ainclude\u205f\u200acapitalised\u205f\u200acosts.
\n(**)\u205f\u200aNurseries\u205f\u200ahave\u205f\u200abeen\u205f\u200areclassified\u205f\u200ain\u205f\u200a2023\u205f\u200afrom\u205f\u200aproperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200ato\u205f\u200abiological\u205f\u200aassets,\u205f\u200asee\u205f\u200aNote\u205f\u200a6.
\nThe\u205f\u200aaccounting\u205f\u200apolicies\u205f\u200aapplicable\u205f\u200ato\u205f\u200aproperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200aare\u205f\u200adetailed\u205f\u200ain\u205f\u200aNotes\u205f\u200a1\u205f\u200aand\u205f\u200a8.
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag372": {
"value": "\nNote 6. Biological assets
\nPalm Rubber Nurseries
\nand Others
\n(****) TOTAL
\nEUR Mature Immature Mature Immature
\nCost as at 1 January 2022
\n66,212,837 13,414,776 65,313,189 21,236,412 0 166,177,214
\nAdditions\u205f\u200a(*)
\n0 6,199,700 0 1,282,713 0 7,482,413
\nDisposals
\n-952,198 0 -905,821 -1,635,892 0 -3,493,911
\nTransfer\u205f\u200a(***)
\n7,424,736 -6,997,999 -4,213,088 -1,846,110 0 -5,632,461
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n-2,597,597 -391,853 2,244,270 1,012,781 0 267,601
\nCost as at 31 December 2022
\n70,087,778 12,224,624 62,438,550 20,049,904 0 164,800,856
\nAccumulated depreciation as at 1 January 2022
\n-29,181,051 0 -14,653,300 0 0 -43,834,351
\nDepreciation
\n-3,500,858 0 -2,778,468 0 0 -6,279,326
\nDepreciation\u205f\u200areversals
\n794,304 0 592,730 0 0 1,387,034
\nTransfer
\n0 0 65,294 0 0 65,294
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n1,135,500 0 -57,472 0 0 1,078,028
\nAccumulated depreciation as at 31 December 2022
\n-30,752,105 0 -16,831,216 0 0 -47,583,321
\nAccumulated impairment as at 1 January 2022
\n0 0 -4,711,086 -2,226,181 0 -6,937,267
\nImpairment\u205f\u200a(**)
\n0 0 -27,341,960 -182,149 0 -27,524,109
\nImpairment reversal
\n0 0 386,164 1,268,463 0 1,654,627
\nTransfer\u205f\u200a(***)
\n0 0 4,705,732 1,319,816 0 6,025,548
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n0 0 98,668 -179,948 0 -81,280
\nAccumulated impairment as at 31 December 2022
\n0 0 -26,862,482 1 0 -26,862,481
\nNet book value as at 31 December 2022
\n39,335,673 12,224,624 18,744,852 20,049,905 0 90,355,054
\nCost as at 1 January 2023
\n70,087,778 12,224,624 62,438,550 20,049,904 0 164,800,856
\nAdditions\u205f\u200a(*)
\n0 7,415,390 0 1,310,752 1,262,177 9,988,319
\nDisposals
\n-1,908,203 0 -1,391,273 0 -444,953 -3,744,429
\nTransfer
\n4,755,361 -4,122,492 11,221,078 -11,103,067 93,040 843,920
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n-1,856,675 -432,871 -2,161,294 -475,634 -23,572 -4,950,046
\nCost as at 31 December 2023
\n71,078,261 15,084,651 70,107,061 9,781,955 886,692 166,938,620
\nAccumulated depreciation as at 1 January 2023
\n-30,752,105 0 -16,831,216 0 0 -47,583,321
\nDepreciation
\n-3,406,818 0 -1,714,560 0 0 -5,121,378
\nDepreciation\u205f\u200areversals
\n1,487,661 0 682,359 0 0 2,170,020
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n840,766 0 526,929 0 0 1,367,695
\nAccumulated depreciation as at 31 December 2023
\n-31,830,496 0 -17,336,488 0 0 -49,166,984
\nAccumulated impairment as at 1 January 2023
\n0 0 -26,862,482 1 0 -26,862,481
\nImpairment\u205f\u200a(**)
\n0 0 0 0 0 0
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n0 0 933,502 -1 0 933,501
\nAccumulated impairment as at 31 December 2023
\n0 0 -25,928,980 0 0 -25,928,980
\nNet book value as at 31 December 2023
\n39,247,765 15,084,651 26,841,593 9,781,955 886,692 91,842,656
\n(*)\u205f\u200a Additions\u205f\u200afor\u205f\u200athe\u205f\u200aperiod\u205f\u200ainclude\u205f\u200acapitalised\u205f\u200acosts.
\n(**)\u205f\u200a\u205f\u200a Impairment\u205f\u200atest\u205f\u200aon\u205f\u200abiological\u205f\u200aassets\u205f\u200ais\u205f\u200adisclosed\u205f\u200ain\u205f\u200aNote\u205f\u200a8.
\n(***)\u205f\u200a\u205f\u200a\u205f\u200aDuring\u205f\u200aprevious\u205f\u200aperiods,\u205f\u200aa\u205f\u200apositive\u205f\u200arevaluation\u205f\u200afor\u205f\u200aEUR\u205f\u200a5.8\u205f\u200amillion\u205f\u200aand\u205f\u200aan\u205f\u200aimpairment\u205f\u200afor\u205f\u200aEUR\u205f\u200a6.0\u205f\u200amillion\u205f\u200ahad\u205f\u200abeen\u205f\u200abooked\u205f\u200aon\u205f\u200abiological\u205f\u200aassets\u205f\u200aon\u205f\u200a
\nthe\u205f\u200aCambodian\u205f\u200asegment.\u205f\u200aAs\u205f\u200athose\u205f\u200aadjustments\u205f\u200ahad\u205f\u200ano\u205f\u200asignificant\u205f\u200anet\u205f\u200aimpact,\u205f\u200athey\u205f\u200awere\u205f\u200aremoved\u205f\u200ain\u205f\u200a2022.
\n(****)\u205f\u200aNurseries\u205f\u200ahave\u205f\u200abeen\u205f\u200areclassified\u205f\u200ain\u205f\u200a2023\u205f\u200awithin\u205f\u200abiological\u205f\u200aassets.
\nAccounting\u205f\u200apolicy\u205f\u200aregarding\u205f\u200acurrent\u205f\u200abiological\u205f\u200aassets\u205f\u200ais\u205f\u200adisclosed\u205f\u200ain\u205f\u200aNote\u205f\u200a1.12.
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDetailedInformationAboutBiologicalAssetsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag373": {
"value": "\nNote 7. Depreciation and impairment
\n
\n2023 2022
\nEUR EUR
\nDepreciation
\nOf\u205f\u200aright-of-use\u205f\u200aassets\u205f\u200a(Note\u205f\u200a3) 133,509 141,325
\nOf\u205f\u200aintangible\u205f\u200aassets\u205f\u200a(Note\u205f\u200a4) 51,568 80,101
\nOf\u205f\u200aproperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment\u205f\u200aexcluding\u205f\u200abiological\u205f\u200aassets\u205f\u200a(Note\u205f\u200a5) 5,493,278 5,497,758
\nOf\u205f\u200abiological\u205f\u200aassets\u205f\u200a(Note\u205f\u200a6) 5,121,377 6,279,327
\nImpairment
\nOf\u205f\u200abiological\u205f\u200aassets\u205f\u200a(Note\u205f\u200a6) 0 27,524,109
\nImpairment reversal
\nOf\u205f\u200abiological\u205f\u200aassets\u205f\u200a(Note\u205f\u200a6) 0 -1,654,627
\n
\nTOTAL 10,799,732 37,867,993
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag374": {
"value": "\nNote 8. Impairment of assets
\nIntangible and tangible assets and right-of-use
\nassets
\nAt\u205f\u200aeach\u205f\u200areporting\u205f\u200adate,\u205f\u200athe\u205f\u200aGroup\u205f\u200areviews\u205f\u200athe\u205f\u200acarrying\u205f\u200a
\namount\u205f\u200aof\u205f\u200aits\u205f\u200aintangible\u205f\u200aand\u205f\u200atangible\u205f\u200aassets\u205f\u200aand\u205f\u200aright-
\nof-use\u205f\u200aassets\u205f\u200ain\u205f\u200aorder\u205f\u200ato\u205f\u200aassess\u205f\u200awhether\u205f\u200athere\u205f\u200ais\u205f\u200aany\u205f\u200a
\nindication\u205f\u200a of\u205f\u200a impairment.\u205f\u200a If\u205f\u200a such\u205f\u200a indication\u205f\u200a arises,\u205f\u200a
\nthe\u205f\u200arecoverable\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aasset\u205f\u200a is\u205f\u200aestimated\u205f\u200ato\u205f\u200a
\ndetermine\u205f\u200athe\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aimpairment\u205f\u200aloss.
\nAs\u205f\u200aat\u205f\u200a31\u205f\u200aDecember\u205f\u200a2023,\u205f\u200ano\u205f\u200aimpairment\u205f\u200awas\u205f\u200arecognised\u205f\u200a
\non\u205f\u200athe\u205f\u200aabove-mentioned\u205f\u200aassets.
\nBearer biological assets
\nAt\u205f\u200a each\u205f\u200a reporting\u205f\u200a date,\u205f\u200a the\u205f\u200a Group\u205f\u200a assesses\u205f\u200a if\u205f\u200a there\u205f\u200a
\nis\u205f\u200a any\u205f\u200a indication\u205f\u200a that\u205f\u200a its\u205f\u200a biological\u205f\u200a assets\u205f\u200a may\u205f\u200a be\u205f\u200a
\nimpaired.
\nFor\u205f\u200athis\u205f\u200apurpose,\u205f\u200athe\u205f\u200aGroup\u205f\u200aassesses\u205f\u200aseveral\u205f\u200aindicators:
\nThe\u205f\u200asignificant\u205f\u200aand\u205f\u200asustained\u205f\u200adecreasing\u205f\u200atrend\u205f\u200ain\u205f\u200athe\u205f\u200a
\nprices\u205f\u200aof\u205f\u200anatural\u205f\u200arubber\u205f\u200a(TSR20
\nG
\n 1
\nst
\n position on SGX
\nG
\n)\u205f\u200a
\nand\u205f\u200acrude\u205f\u200apalm\u205f\u200aoil\u205f\u200a(CIF\u205f\u200aRotterdam
\nG
\n)\u205f\u200awas\u205f\u200aconsidered\u205f\u200a
\nas an observable sign that the biological assets may
\nhave\u205f\u200a been\u205f\u200a impaired.\u205f\u200a A\u205f\u200a decrease\u205f\u200a in\u205f\u200a these\u205f\u200a prices\u205f\u200a at\u205f\u200a
\nreporting\u205f\u200a date\u205f\u200a greater\u205f\u200a than\u205f\u200a 15%\u205f\u200a compared\u205f\u200a to\u205f\u200a an\u205f\u200a
\naverage of 5-year value has been set by the Group as
\nan\u205f\u200aimpairment\u205f\u200aindicator.
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a the\u205f\u200a closing\u205f\u200a prices\u205f\u200a did\u205f\u200a not\u205f\u200a
\nexceed\u205f\u200a15%\u205f\u200aof\u205f\u200athe\u205f\u200aaverage\u205f\u200aprice\u205f\u200aover\u205f\u200athe\u205f\u200apast\u205f\u200a5\u205f\u200ayears\u205f\u200a
\nfor\u205f\u200athe\u205f\u200aRubber\u205f\u200aand\u205f\u200aPalm\u205f\u200asegments.
\nThe\u205f\u200aGroup\u205f\u200aalso\u205f\u200aconsiders,\u205f\u200aaverage\u205f\u200aprices\u205f\u200aover\u205f\u200athe\u205f\u200asix\u205f\u200a
\nmonths\u205f\u200abefore\u205f\u200areporting\u205f\u200adate,\u205f\u200aand\u205f\u200aaverage\u205f\u200aprices\u205f\u200aover\u205f\u200a
\nthe\u205f\u200alast\u205f\u200atwelve\u205f\u200amonths,\u205f\u200ainstead\u205f\u200aof\u205f\u200aonly\u205f\u200aclosing\u205f\u200aprices.\u205f\u200a
\nThis\u205f\u200ais\u205f\u200adone\u205f\u200ain\u205f\u200aorder\u205f\u200ato\u205f\u200aavoid\u205f\u200aseasonal\u205f\u200afluctuations\u205f\u200ain\u205f\u200a
\nthe prices of supply materials.
\nMoreover,\u205f\u200athe\u205f\u200aGroup\u205f\u200aalso\u205f\u200areviews\u205f\u200athe\u205f\u200aprices\u205f\u200aof\u205f\u200apalm\u205f\u200a
\noil\u205f\u200aobserved\u205f\u200aon\u205f\u200alocal\u205f\u200amarket\u205f\u200aand\u205f\u200aconsiders\u205f\u200aa\u205f\u200adecrease\u205f\u200a
\nin\u205f\u200athese\u205f\u200aprices\u205f\u200aat\u205f\u200athe\u205f\u200aclosing\u205f\u200adate\u205f\u200aof\u205f\u200amore\u205f\u200athan\u205f\u200a15%\u205f\u200a
\ncompared\u205f\u200ato\u205f\u200aan\u205f\u200aaverage\u205f\u200aof\u205f\u200avalues\u205f\u200aover\u205f\u200a5\u205f\u200ayears,\u205f\u200aas\u205f\u200aan\u205f\u200a
\nimpairment\u205f\u200aindicator.
\nBased\u205f\u200aon\u205f\u200athe\u205f\u200aabove\u205f\u200acriteria,\u205f\u200athe\u205f\u200areview\u205f\u200aof\u205f\u200aglobal\u205f\u200aand\u205f\u200a
\nlocal\u205f\u200a prices\u205f\u200aled\u205f\u200a to\u205f\u200a the\u205f\u200a conclusion\u205f\u200a that\u205f\u200a there\u205f\u200a are\u205f\u200ano\u205f\u200a
\nexternal\u205f\u200aindicators\u205f\u200aof\u205f\u200aimpairment.
\nIn\u205f\u200a addition\u205f\u200a to\u205f\u200a these\u205f\u200a external\u205f\u200a indicators,\u205f\u200a the\u205f\u200a Group\u205f\u200a
\nconsiders\u205f\u200athe\u205f\u200afollowing\u205f\u200aindicators:
\n-\u205f\u200a Internal\u205f\u200aperformance\u205f\u200aindicators;
\n-\u205f\u200a Criteria\u205f\u200arelating\u205f\u200ato\u205f\u200athe\u205f\u200alocal\u205f\u200amarket;
\n-\u205f\u200a Physical\u205f\u200aindicators\u205f\u200aof\u205f\u200aimpairment;
\n-\u205f\u200a Significant\u205f\u200achanges\u205f\u200ain\u205f\u200aplantations\u205f\u200athat\u205f\u200acould\u205f\u200ahave\u205f\u200aa\u205f\u200a
\nmaterial\u205f\u200aimpact\u205f\u200aon\u205f\u200atheir\u205f\u200afuture\u205f\u200acash\u205f\u200aflows.
\n
\n\n\n\n\n\n\n\n\n\nIf\u205f\u200a an\u205f\u200a indication\u205f\u200a of\u205f\u200a impairment\u205f\u200a is\u205f\u200a identified,\u205f\u200a the\u205f\u200a
\nrecoverable\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aproducing\u205f\u200abiological\u205f\u200aassets\u205f\u200a
\nis\u205f\u200adetermined.
\nImpairment\u205f\u200atests\u205f\u200amust\u205f\u200abe\u205f\u200aperformed\u205f\u200aon\u205f\u200athe\u205f\u200asmallest\u205f\u200a
\nidentifiable\u205f\u200agroup\u205f\u200aof\u205f\u200aassets\u205f\u200awhich\u205f\u200agenerates\u205f\u200acash\u205f\u200aflows\u205f\u200a
\nindependently\u205f\u200aof\u205f\u200aother\u205f\u200aassets\u205f\u200aor\u205f\u200agroups\u205f\u200aof\u205f\u200aassets\u205f\u200aand\u205f\u200a
\nfor\u205f\u200awhich\u205f\u200athe\u205f\u200aGroup\u205f\u200aprepares\u205f\u200afinancial\u205f\u200ainformation\u205f\u200afor\u205f\u200a
\nthe\u205f\u200aBoard\u205f\u200aof\u205f\u200aDirectors.
\nThe\u205f\u200a identification\u205f\u200a of\u205f\u200a Cash\u205f\u200a Generating\u205f\u200a Units\u205f\u200a (CGUs)\u205f\u200a
\ndepends,\u205f\u200ain\u205f\u200aparticular,\u205f\u200aon:
\n-\u205f\u200a how\u205f\u200athe\u205f\u200aGroup\u205f\u200amanages\u205f\u200athe\u205f\u200aactivities\u205f\u200aof\u205f\u200athe\u205f\u200aentity;
\n-\u205f\u200a the\u205f\u200away\u205f\u200ain\u205f\u200awhich\u205f\u200adecisions\u205f\u200aare\u205f\u200amade\u205f\u200awith\u205f\u200aregards\u205f\u200ato\u205f\u200a
\nthe\u205f\u200apursuit\u205f\u200aor\u205f\u200athe\u205f\u200adisposal\u205f\u200aof\u205f\u200aits\u205f\u200aactivities\u205f\u200aand;
\n- the existence of an active market for all or part of
\nthe\u205f\u200aproduction.
\nThe\u205f\u200aGroup\u205f\u200aconsiders\u205f\u200athe\u205f\u200apolitical\u205f\u200aand\u205f\u200acountry\u205f\u200aspecific\u205f\u200a
\nrisk factors while reviewing business evolution.
\nTherefore,\u205f\u200a companies\u205f\u200a are\u205f\u200a grouped\u205f\u200a within\u205f\u200a the\u205f\u200a CGU\u205f\u200a
\ncountry.
\nThe recoverable amount of bearer biological assets
\nis\u205f\u200adetermined\u205f\u200athrough\u205f\u200athe\u205f\u200acalculation\u205f\u200aof\u205f\u200avalue\u205f\u200ain\u205f\u200ause\u205f\u200a
\nby\u205f\u200ausing\u205f\u200athe\u205f\u200amost\u205f\u200arecent\u205f\u200ainformation\u205f\u200aapproved\u205f\u200aby\u205f\u200athe\u205f\u200a
\nlocal management. Those information comprise the
\nmeasures\u205f\u200ataken\u205f\u200athat\u205f\u200awill\u205f\u200ahelp\u205f\u200ato\u205f\u200aprevent\u205f\u200athe\u205f\u200aeffects\u205f\u200aof\u205f\u200a
\nthe\u205f\u200aclimate\u205f\u200achange\u205f\u200a(maintenance\u205f\u200aprogram,\u205f\u200aland\u205f\u200aand\u205f\u200a
\nfield\u205f\u200apreparation\u205f\u200aagainst\u205f\u200afire\u205f\u200aand\u205f\u200a/\u205f\u200aor\u205f\u200aflooding\u205f\u200aresulting\u205f\u200a
\nfrom\u205f\u200a heavy\u205f\u200a rainfalls).\u205f\u200a The\u205f\u200a impacts\u205f\u200a on\u205f\u200a future\u205f\u200a cash-
\nflows\u205f\u200a of\u205f\u200a the\u205f\u200a potential\u205f\u200a effects\u205f\u200a of\u205f\u200aclimate\u205f\u200a change\u205f\u200a are\u205f\u200a
\ntherefore\u205f\u200a taken\u205f\u200a into\u205f\u200a consideration.\u205f\u200a Then\u205f\u200a the\u205f\u200a Group\u205f\u200a
\nuses\u205f\u200athe\u205f\u200adiscounted\u205f\u200avalue\u205f\u200aof\u205f\u200aexpected\u205f\u200anet\u205f\u200acash\u205f\u200aflows\u205f\u200a
\nwhich\u205f\u200aare\u205f\u200adiscounted\u205f\u200a at\u205f\u200aa\u205f\u200a pre-tax\u205f\u200arate.\u205f\u200aAt\u205f\u200areporting\u205f\u200a
\ndate,\u205f\u200a the\u205f\u200a financial\u205f\u200a projection\u205f\u200a incorporates\u205f\u200a the\u205f\u200a full\u205f\u200a
\nexploitation of the younger bearer biological assets.
\nThe operational life
\nG
\n ranges from 25 to 30 years for
\nboth\u205f\u200acrops.\u205f\u200aThis\u205f\u200aperiod\u205f\u200acan\u205f\u200abe\u205f\u200aadapted\u205f\u200aaccording\u205f\u200ato\u205f\u200a
\nthe particular circumstances for each entity.
\nThe value-in-use calculation has been very sensitive
\nto:
\n-\u205f\u200a changes\u205f\u200ain\u205f\u200athe\u205f\u200amargins\u205f\u200aachieved\u205f\u200aby\u205f\u200athe\u205f\u200aentity\u205f\u200aand
\n-\u205f\u200a changes\u205f\u200arelated\u205f\u200ato\u205f\u200adiscount\u205f\u200arates.
\nThis\u205f\u200a sensitivity\u205f\u200a analysis\u205f\u200a is\u205f\u200a performed\u205f\u200a whenever\u205f\u200a an\u205f\u200a
\nimpairment\u205f\u200a test\u205f\u200a is\u205f\u200a performed\u205f\u200a after\u205f\u200a impairment\u205f\u200a
\nindicators\u205f\u200aare\u205f\u200aidentified.
\nChanges in realised margins
\nInitially,\u205f\u200a the\u205f\u200a Group\u205f\u200a determines\u205f\u200a separately\u205f\u200a the\u205f\u200a
\nexpected\u205f\u200a production\u205f\u200a of\u205f\u200a each\u205f\u200a category\u205f\u200a of\u205f\u200a biological\u205f\u200a
\nassets within the entity over their remaining life. This
\nexpected\u205f\u200aproduction\u205f\u200ais\u205f\u200aestimated\u205f\u200athrough\u205f\u200athe\u205f\u200asurface\u205f\u200a
\nareas\u205f\u200aplanted\u205f\u200aon\u205f\u200athe\u205f\u200areporting\u205f\u200adate,\u205f\u200aas\u205f\u200awell\u205f\u200aas\u205f\u200athrough\u205f\u200a
\nthe\u205f\u200a actual\u205f\u200a crop\u205f\u200a yield\u205f\u200a recorded\u205f\u200a during\u205f\u200a the\u205f\u200a financial\u205f\u200a
\nyear.\u205f\u200a The\u205f\u200a latter\u205f\u200a depends\u205f\u200a on\u205f\u200a the\u205f\u200a maturity\u205f\u200a of\u205f\u200a the\u205f\u200a
\nbearer\u205f\u200abiological\u205f\u200aasset.\u205f\u200aProduction\u205f\u200ais\u205f\u200athen\u205f\u200avalued\u205f\u200aon\u205f\u200a
\nan\u205f\u200aaverage\u205f\u200abasis\u205f\u200aof\u205f\u200afive-year\u205f\u200aof\u205f\u200athe\u205f\u200amargins\u205f\u200aachieved\u205f\u200a
\nby the entity in relation to agricultural activities. The
\nvalue-in-use\u205f\u200a of\u205f\u200a the\u205f\u200a biological\u205f\u200a asset\u205f\u200a is\u205f\u200a then\u205f\u200aobtained\u205f\u200a
\nby\u205f\u200adiscounting\u205f\u200athese\u205f\u200acash\u205f\u200aflows.\u205f\u200aAverage\u205f\u200amargins\u205f\u200aare\u205f\u200a
\nconsidered\u205f\u200aconstant\u205f\u200aover\u205f\u200athe\u205f\u200aduration\u205f\u200aof\u205f\u200athe\u205f\u200afinancial\u205f\u200a
\nprojection.\u205f\u200aNo\u205f\u200aindexing\u205f\u200afactor\u205f\u200ais\u205f\u200aconsidered.
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a accumulated\u205f\u200a impairment\u205f\u200a
\nlosses\u205f\u200a amounted\u205f\u200a to\u205f\u200a EUR\u205f\u200a 18.0\u205f\u200a million\u205f\u200a for\u205f\u200a Socfin\u205f\u200a KCD\u205f\u200a
\nand\u205f\u200a EUR\u205f\u200a 8.0\u205f\u200a million\u205f\u200a for\u205f\u200a Coviphama\u205f\u200a (Note\u205f\u200a 6).\u205f\u200a No\u205f\u200a
\nfurther\u205f\u200aimpairment\u205f\u200aor\u205f\u200aimpairment\u205f\u200areversal\u205f\u200aindicators\u205f\u200a
\nhave\u205f\u200abeen\u205f\u200aidentified\u205f\u200aduring\u205f\u200athe\u205f\u200ayear.
\n
\n\n\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag375": {
"value": "\nNote 9. Non-wholly owned subsidiaries in which non-controlling interests
\nG
\n are
\nsignificant
\nInterests of non-controlling interests
\nG
\n in the activities of the Group
\nSubsidiary Main location
\nPercentage of equity shares
\nof non-controlling interest
\nG
\nPercentage of voting rights of
\nnon-controlling interests
\nG
\n
\n2023 2022 2023 2022
\nProduction of palm oil and rubber
\nSOCFINDO Indonesia 10% 10% 10% 10%
\nSubsidiary
\nNet income attributed to
\nnon-controlling interests
\nG
\n
\nin the subsidiary during the
\nfinancial period
\nAccumulated non-controlling
\ninterests
\nG
\n in the subsidiary
\n2023 2022 2023 2022
\nEUR EUR EUR EUR
\nSOCFINDO 5,490,432 7,307,921 6,710,938 5,570,075
\nSubsidiaries\u205f\u200athat\u205f\u200ahold\u205f\u200anon-controlling\u205f\u200ainterests
\nG
\n\u205f\u200athat\u205f\u200aare\u205f\u200anot\u205f\u200asignificant\u205f\u200aindividually\u205f\u200a 952,708 834,108
\nNon-controlling interests
\nG
\n7,663,646 6,404,183
\nSummary financial information concerning subsidiaries whose interests of non-controlling interests
\nG
\n are
\nsignificant for the Group excluding intragroup eliminations
\nSubsidiary Current assets
\nNon-current
\nassets
\nCurrent
\nliabilities
\nNon-Current
\nLiabilities
\nEUR EUR EUR EUR
\nSOCFINDO
\n2022 36,446,379 91,330,388 33,993,571 34,304,495
\n2023 34,884,343 94,960,391 25,934,158 34,533,441
\nSubsidiary
\nRevenue from
\nordinary
\nactivities
\nNet income for
\nthe period
\nComprehensive
\nincome for the
\nperiod
\nDividends paid to
\nnon-controlling
\ninterests
\nG
\nEUR EUR EUR EUR
\nSOCFINDO
\n2022 193,795,921 71,954,260 71,954,260 5,525,070
\n2023 166,005,846 52,959,587 52,959,587 2,705,085
\n
\n\n\n\n\n\n\n\n\n\nSubsidiary Net cash inflows (outflows)
\nNet cash inflows
\n(outflows)
\nOperating
\nactivities
\nInvesting
\nactivities
\nFinancing
\nactivities
\nEUR EUR EUR EUR
\nSOCFINDO
\n2022 78,446,226 -12,561,950 -75,245,783 -9,361,507
\n2023 65,138,520 -15,351,501 -41,118,016 8,669,003
\nThe\u205f\u200anature\u205f\u200aand\u205f\u200aevolution\u205f\u200aof\u205f\u200athe\u205f\u200arisks\u205f\u200aassociated\u205f\u200awith\u205f\u200athe\u205f\u200ainterests\u205f\u200aheld\u205f\u200aby\u205f\u200athe\u205f\u200aGroup\u205f\u200ain\u205f\u200athe\u205f\u200asubsidiaries\u205f\u200aremained\u205f\u200a
\nstable\u205f\u200aover\u205f\u200athe\u205f\u200afinancial\u205f\u200aperiod\u205f\u200acompared\u205f\u200ato\u205f\u200athe\u205f\u200aprevious\u205f\u200ayear.
\n
\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag424": {
"value": "\nMain data of significant associates accounted for using the equity method
\nAssociate company Main location Main activity
\nDividend
\nreceived
\nDividend
\nreceived
\n31/12/2023 31/12/2022
\nEUR EUR
\nSocfinco Belgium Rendering\u205f\u200aof\u205f\u200aservices
\n0 200,000
\nSocfinco\u205f\u200aFR Switzerland Rendering\u205f\u200aof\u205f\u200aservices
\n4,000,000 4,000,000
\nSodimex\u205f\u200aFR Switzerland Purchase\u205f\u200aand\u205f\u200asale\u205f\u200aof\u205f\u200aequipment
\n375,000 250,000
\nSogescol FR Switzerland Trade\u205f\u200aof\u205f\u200atropical\u205f\u200aproducts
\n3,744,267 2,476,982
\nTOTAL
\n8,119,267 6,926,982
\n
\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag425": {
"value": "\nNote 11. Financial assets at fair value through other comprehensive income
\nG
\n2023 2022
\nEUR EUR
\nFair value as at 1 January
\n773,528 501,082
\nChange\u205f\u200ain\u205f\u200afair\u205f\u200avalue\u205f\u200a(*)
\n-42,251 -27,554
\nIncrease\u205f\u200a(**)
\n4,500,000 300,000
\n
\nFair value as at 31 December
\n5,231,277 773,528
\n(*)\u205f\u200a The\u205f\u200avariation\u205f\u200ain\u205f\u200athe\u205f\u200afair\u205f\u200avalue\u205f\u200aof\u205f\u200athe\u205f\u200afinancial\u205f\u200aassets\u205f\u200ais\u205f\u200aaccounted\u205f\u200aunder\u205f\u200athe\u205f\u200aOther\u205f\u200aComprehensive\u205f\u200aIncome
\nG
\n.
\n(**)\u205f\u200aMovement\u205f\u200ain\u205f\u200a2023\u205f\u200acorresponds\u205f\u200ato\u205f\u200aManagement\u205f\u200aAssociates\u205f\u200acapital\u205f\u200aincrease.
\nEUR Cost (historical) Fair value
\n31/12/2023 31/12/2022 31/12/2023 31/12/2022
\nFinancial assets at fair value through other
\ncomprehensive income
\nG
\n5,271,587 771,587 5,231,277 773,528
\n
\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag426": {
"value": "\nNote 12. Long-term advances
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a the\u205f\u200a long-term\u205f\u200a advances\u205f\u200a
\nconsist\u205f\u200amainly\u205f\u200aof\u205f\u200aa\u205f\u200areceivable\u205f\u200afrom\u205f\u200aSocfin\u205f\u200afor\u205f\u200aa\u205f\u200anominal\u205f\u200a
\namount\u205f\u200aof\u205f\u200aEUR\u205f\u200a50,000,000\u205f\u200a(2022:\u205f\u200aEUR\u205f\u200a 100,412,500).\u205f\u200a
\nThis\u205f\u200a receivable\u205f\u200a bears\u205f\u200a interest\u205f\u200a at\u205f\u200a a\u205f\u200a rate\u205f\u200a of\u205f\u200a 6%\u205f\u200a per\u205f\u200a
\nannum\u205f\u200a(2022:\u205f\u200arate\u205f\u200aof\u205f\u200a4%\u205f\u200aper\u205f\u200aannum),\u205f\u200aand\u205f\u200ais\u205f\u200arepayable\u205f\u200a
\nwithin 3 years.
\n
\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag427": {
"value": "\nNote 13. Deferred taxes
\n* Components of deferred tax assets and liabilities
\n31/12/2023 31/12/2022
\n EUR EUR
\nIAS
\nG
\n\u205f\u200a2\u205f\u200a/\u205f\u200aIAS
\nG
\n\u205f\u200a41:\u205f\u200aAgricultural\u205f\u200aproduction
\n-1,476,045 -1,430,218
\nIAS
\nG
\n\u205f\u200a16:\u205f\u200aProperty,\u205f\u200aplant\u205f\u200aand\u205f\u200aequipment
\n-4,600,547 -4,455,862
\nIAS
\nG
\n\u205f\u200a19:\u205f\u200aPension\u205f\u200aobligations
\n7,597,356 7,546,987
\nIAS
\nG
\n\u205f\u200a12:\u205f\u200aTax\u205f\u200alatencies\u205f\u200a(*)
\n3,571,683 4,148,849
\nIFRS
\nG
\n\u205f\u200a16:\u205f\u200aLeases
\n5,463 10,525
\nIAS
\nG
\n\u205f\u200a12:\u205f\u200aWithholding\u205f\u200aTax
\n-3,626,925 -4,856,278
\nIFRS
\nG
\n\u205f\u200a9:\u205f\u200aFinancial\u205f\u200aassets\u205f\u200ameasured\u205f\u200aat\u205f\u200afair\u205f\u200avalue\u205f\u200athrough\u205f\u200aother\u205f\u200a
\ncomprehensive income
\n7,594 -2,943
\nBalance as at 31 December
\n1,478,579 961,060
\nOf\u205f\u200awhich\u205f\u200aDeferred\u205f\u200aTax\u205f\u200aAssets
\n5,105,504 5,817,338
\nOf\u205f\u200awhich\u205f\u200aDeferred\u205f\u200aTax\u205f\u200aLiabilities
\n-3,626,925 -4,856,278
\n(*)\u205f\u200aMainly\u205f\u200alinked\u205f\u200ato\u205f\u200aSocfinasia's\u205f\u200alosses\u205f\u200acarried\u205f\u200aforward\u205f\u200aactivated.
\n
\n\n\n\n\n\n\n\nThe\u205f\u200aabove\u205f\u200adeferred\u205f\u200ataxes\u205f\u200aare\u205f\u200apresented\u205f\u200aper\u205f\u200acategory\u205f\u200a
\nof\u205f\u200a deferred\u205f\u200a taxes\u205f\u200a resulting\u205f\u200a from\u205f\u200a consolidation\u205f\u200a
\nadjustments.\u205f\u200a They\u205f\u200a are\u205f\u200a calculated\u205f\u200a company\u205f\u200a per\u205f\u200a
\ncompany\u205f\u200aand\u205f\u200athe\u205f\u200a net\u205f\u200a position\u205f\u200abetween\u205f\u200adeferred\u205f\u200atax\u205f\u200a
\nliabilities\u205f\u200aand\u205f\u200adeferred\u205f\u200atax\u205f\u200aassets\u205f\u200ais\u205f\u200apresented.
\nThe\u205f\u200a Group\u205f\u200a Socfinasia\u205f\u200a is\u205f\u200a within\u205f\u200a the\u205f\u200a scope\u205f\u200a of\u205f\u200a the\u205f\u200a
\nOECD\u205f\u200a Pillar\u205f\u200a Two\u205f\u200a model\u205f\u200a rules.\u205f\u200a Pillar\u205f\u200a Two\u205f\u200a legislation\u205f\u200a
\nwas\u205f\u200a enacted\u205f\u200a or\u205f\u200a substantively\u205f\u200a enacted\u205f\u200a in\u205f\u200a certain\u205f\u200a
\njurisdictions\u205f\u200awhere\u205f\u200athe\u205f\u200aGroup\u205f\u200aoperates\u205f\u200ato\u205f\u200acome\u205f\u200ainto\u205f\u200a
\neffect\u205f\u200ain\u205f\u200aJanuary\u205f\u200a2024.\u205f\u200aSince\u205f\u200athe\u205f\u200aPillar\u205f\u200aTwo\u205f\u200alegislation\u205f\u200a
\nwas\u205f\u200a not\u205f\u200a effective\u205f\u200a at\u205f\u200a the\u205f\u200a reporting\u205f\u200a date,\u205f\u200a the\u205f\u200a Group\u205f\u200a
\nhas\u205f\u200a no\u205f\u200a related\u205f\u200a current\u205f\u200a tax\u205f\u200a exposure.\u205f\u200a The\u205f\u200a Group\u205f\u200a
\napplies\u205f\u200a the\u205f\u200a exception\u205f\u200a to\u205f\u200a recognising\u205f\u200a and\u205f\u200a disclosing\u205f\u200a
\ninformation\u205f\u200a about\u205f\u200a deferred\u205f\u200atax\u205f\u200aassets\u205f\u200a and\u205f\u200a liabilities\u205f\u200a
\nrelated\u205f\u200a to\u205f\u200a Pillar\u205f\u200a Two\u205f\u200a income\u205f\u200a taxes,\u205f\u200a as\u205f\u200a provided\u205f\u200a in\u205f\u200a
\nthe\u205f\u200aamendments\u205f\u200ato\u205f\u200aIAS\u205f\u200a12\u205f\u200apublished\u205f\u200ain\u205f\u200aMay\u205f\u200a2023\u205f\u200aand\u205f\u200a
\nadopted\u205f\u200aby\u205f\u200athe\u205f\u200aEU\u205f\u200ain\u205f\u200aNovember\u205f\u200a2023.
\nBased\u205f\u200a on\u205f\u200a preliminary\u205f\u200a analysis,\u205f\u200a the\u205f\u200a Company\u205f\u200a should\u205f\u200a
\nqualify\u205f\u200a as\u205f\u200a a\u205f\u200a \"partially-owned\u205f\u200a parent\u205f\u200a entity\"\u205f\u200a (POPE)\u205f\u200a
\ndue\u205f\u200ato\u205f\u200athe\u205f\u200afact\u205f\u200athat\u205f\u200amore\u205f\u200athan\u205f\u200a20%\u205f\u200aof\u205f\u200athe\u205f\u200aownership\u205f\u200a
\ninterest\u205f\u200a in\u205f\u200a its\u205f\u200a profit\u205f\u200a is\u205f\u200a held,\u205f\u200a directly\u205f\u200a or\u205f\u200a indirectly,\u205f\u200a
\nby one or several persons that are not constituent
\nentities\u205f\u200aof\u205f\u200athe\u205f\u200aGroup.\u205f\u200aAs\u205f\u200aa\u205f\u200aPOPE,\u205f\u200athe\u205f\u200aCompany\u205f\u200ashould\u205f\u200a
\nbe\u205f\u200asubject\u205f\u200ato\u205f\u200a IIR\u205f\u200abased\u205f\u200aon\u205f\u200aits\u205f\u200aallocable\u205f\u200ashare\u205f\u200a of\u205f\u200athe\u205f\u200a
\ntop-up\u205f\u200atax\u205f\u200a(if\u205f\u200aany)\u205f\u200aof\u205f\u200aits\u205f\u200alow-tax\u205f\u200aconstituent\u205f\u200aentities.
\nThe\u205f\u200a Company\u205f\u200a is\u205f\u200a controlled\u205f\u200a by\u205f\u200a Soci\u00e9t\u00e9\u205f\u200a Financi\u00e8re\u205f\u200a
\ndes\u205f\u200a Caoutchoucs,\u205f\u200a abbreviated\u205f\u200a as\u205f\u200a \u201cSocfin\u201d\u205f\u200a which\u205f\u200a
\nis\u205f\u200a the\u205f\u200a largest\u205f\u200a entity\u205f\u200a that\u205f\u200a consolidate,\u205f\u200a and\u205f\u200a which\u205f\u200a
\nshould\u205f\u200a qualify\u205f\u200a as\u205f\u200a the\u205f\u200a Ultimate\u205f\u200a Parent\u205f\u200a Entity\u205f\u200a (UPE)\u205f\u200a
\nfor\u205f\u200aLuxembourg\u205f\u200aPillar\u205f\u200aTwo\u205f\u200apurpose.\u205f\u200aThe\u205f\u200aUPE,\u205f\u200aSocfin,\u205f\u200a
\nwould\u205f\u200abe\u205f\u200asubject\u205f\u200ato\u205f\u200aIIR\u205f\u200abut\u205f\u200awould\u205f\u200aapply\u205f\u200athe\u205f\u200aIIR\u205f\u200aOffset\u205f\u200a
\nMechanism.
\nHowever,\u205f\u200a the\u205f\u200a Pillar\u205f\u200a Tow\u205f\u200a rules\u205f\u200a were\u205f\u200a enacted\u205f\u200a in\u205f\u200a
\nLuxembourg\u205f\u200a close\u205f\u200a to\u205f\u200a the\u205f\u200a reporting\u205f\u200a date.\u205f\u200a There\u205f\u200a are\u205f\u200a
\nsignificant\u205f\u200a complexities\u205f\u200a inherent\u205f\u200a in\u205f\u200a applying\u205f\u200a the\u205f\u200a
\nlegislation\u205f\u200aand\u205f\u200aperforming\u205f\u200athe\u205f\u200aPillar\u205f\u200aTwo\u205f\u200acalculations,\u205f\u200a
\ntherefore\u205f\u200a the\u205f\u200a quantitative\u205f\u200a impact\u205f\u200a of\u205f\u200a the\u205f\u200a Pillar\u205f\u200a
\nTwo rules is not reasonably estimable at this time.
\nIn\u205f\u200a addition,\u205f\u200a quantitative\u205f\u200a information\u205f\u200a to\u205f\u200a indicate\u205f\u200a
\npotential exposure to Pillar Two income taxes is not
\ncurrently known or reasonably estimable. Therefore,
\nthe\u205f\u200aCompany\u205f\u200a(in\u205f\u200aits\u205f\u200apotential\u205f\u200acondition\u205f\u200aas\u205f\u200aa\u205f\u200aPOPE)\u205f\u200ais\u205f\u200a
\nstill\u205f\u200ain\u205f\u200aprocess\u205f\u200aof\u205f\u200aassessing\u205f\u200athe\u205f\u200apotential\u205f\u200aexposure\u205f\u200a(if\u205f\u200a
\nany)\u205f\u200a to\u205f\u200a Pillar\u205f\u200a Two\u205f\u200a income\u205f\u200a taxes\u205f\u200a as\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a
\n2023. The Group applies the exception to recognising
\nand\u205f\u200adisclosing\u205f\u200ainformation\u205f\u200a about\u205f\u200adeferred\u205f\u200atax\u205f\u200aassets\u205f\u200a
\nand\u205f\u200aliabilities\u205f\u200arelated\u205f\u200ato\u205f\u200aPillar\u205f\u200aTwo\u205f\u200aincome\u205f\u200ataxes,\u205f\u200aas\u205f\u200a
\nprovided\u205f\u200a in\u205f\u200a the\u205f\u200a amendments\u205f\u200a to\u205f\u200a IAS\u205f\u200a 12\u205f\u200a published\u205f\u200a in\u205f\u200a
\nMay\u205f\u200a2023\u205f\u200aand\u205f\u200aadopted\u205f\u200aby\u205f\u200athe\u205f\u200aEU\u205f\u200ain\u205f\u200aNovember\u205f\u200a2023.
\nThe Company will report the potential exposure in its
\nnext\u205f\u200aAnnual\u205f\u200aReport\u205f\u200afor\u205f\u200athe\u205f\u200aperiod\u205f\u200aending\u205f\u200a31\u205f\u200aDecember\u205f\u200a
\n2024.
\n* Contingent tax assets and liabilities
\nSome\u205f\u200aof\u205f\u200athe\u205f\u200asubsidiaries\u205f\u200ahave\u205f\u200aaccumulated\u205f\u200atax\u205f\u200alosses\u205f\u200a
\nthat\u205f\u200a are\u205f\u200a or\u205f\u200a are\u205f\u200a not\u205f\u200a limited\u205f\u200a over\u205f\u200a time\u205f\u200a or\u205f\u200a capital\u205f\u200a
\nallowances\u205f\u200athat\u205f\u200aare\u205f\u200aor\u205f\u200aare\u205f\u200anot\u205f\u200alimited\u205f\u200aover\u205f\u200atime.
\nPNS\u205f\u200a Ltd,\u205f\u200a Socfin\u205f\u200a KCD\u205f\u200a and\u205f\u200a Coviphama\u205f\u200a have\u205f\u200a unused\u205f\u200a
\ntax losses for respectively EUR 14.8 million,
\nEUR\u205f\u200a4.8\u205f\u200amillion\u205f\u200aand\u205f\u200aEUR\u205f\u200a2.2\u205f\u200amillion.
\nDue\u205f\u200ato\u205f\u200athe\u205f\u200ainstability\u205f\u200athat\u205f\u200amay\u205f\u200aexist\u205f\u200ain\u205f\u200athese\u205f\u200acountries\u205f\u200a
\nwith\u205f\u200aregards\u205f\u200ato\u205f\u200athe\u205f\u200aevolution\u205f\u200aof\u205f\u200atax\u205f\u200alegislation\u205f\u200aor\u205f\u200aits\u205f\u200a
\napplication,\u205f\u200ano\u205f\u200adeferred\u205f\u200atax\u205f\u200aassets\u205f\u200ahave\u205f\u200abeen\u205f\u200abooked\u205f\u200a
\nrelated\u205f\u200ato\u205f\u200athese\u205f\u200atax\u205f\u200alosses.
\n
\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag428": {
"value": "\nNote 14. Current tax assets and liabilities
\n* Components of current tax assets
\n
\n2023 2022
\n EUR EUR
\nCurrent tax assets as at 1 January 1,574,531 1,228,967
\nTax income 3,390,475 11,108
\nTaxes\u205f\u200apaid\u205f\u200aor\u205f\u200arecovered -2,263,556 323,667
\nTransfer\u205f\u200a(*) -2,067,475 3,004
\nForeign\u205f\u200aexchange\u205f\u200adifferences 109,639 7,785
\nCurrent tax assets as at 31 December 743,614 1,574,531
\n(*)\u205f\u200aCorresponds\u205f\u200ato\u205f\u200aoffset\u205f\u200aof\u205f\u200atax\u205f\u200aassets\u205f\u200aand\u205f\u200atax\u205f\u200aliabilities.
\n* Components of current tax liabilities
\n2023 2022
\nEUR EUR
\nCurrent tax liabilities as at 1 January 11,928,557 16,005,952
\nTax expense 21,416,571 32,284,407
\nOther taxes 2,075,670 68,832
\nTaxes\u205f\u200apaid\u205f\u200aor\u205f\u200arecovered -31,244,084 -35,985,895
\nTransfer\u205f\u200a(*) -2,062,429 -3,049
\nForeign\u205f\u200aexchange\u205f\u200adifferences 83,049 -441,690
\nCurrent tax liabilities as at 31 December 2,197,334 11,928,557
\n(*)\u205f\u200aCorresponds\u205f\u200ato\u205f\u200aoffset\u205f\u200aof\u205f\u200atax\u205f\u200aassets\u205f\u200aand\u205f\u200atax\u205f\u200aliabilities.
\nNote 15. Income tax expense
\n* Components of the tax expense
\n2023 2022
\n EUR EUR
\nCurrent\u205f\u200aincome\u205f\u200atax\u205f\u200aexpense\u205f\u200a(*)
\n20,108,323 28,346,768
\nDeferred\u205f\u200atax\u205f\u200aexpense\u205f\u200a/\u205f\u200a(income)
\n-412,214 1,042,777
\nTax expense as at 31 December
\n19,696,109 29,389,545
\n(*)\u205f\u200aWithholding\u205f\u200atax\u205f\u200aon\u205f\u200adividends\u205f\u200ais\u205f\u200apresented\u205f\u200awithin\u205f\u200aincome\u205f\u200atax\u205f\u200aexpense.
\n
\n\n\n\n\n\n\n\n* Components of the deferred tax expense / (income)
\n2023 2022
\n EUR EUR
\nIAS
\nG
\n\u205f\u200a12:\u205f\u200aIncome\u205f\u200aTax\u205f\u200a(*)
\n-644,705 339,175
\nIAS
\nG
\n\u205f\u200a19:\u205f\u200aPension\u205f\u200aobligations
\n-115,122 13,070
\nIAS
\nG
\n\u205f\u200a2\u205f\u200a/\u205f\u200aIAS
\nG
\n\u205f\u200a41:\u205f\u200aFair\u205f\u200avalue\u205f\u200aof\u205f\u200aagricultural\u205f\u200aproduce
\n84,754 230,832
\nIAS
\nG
\n\u205f\u200a16:\u205f\u200aTangible\u205f\u200aassets
\n265,647 382,839
\nIFRS
\nG
\n\u205f\u200a16:\u205f\u200aLeases
\n4,694 -386
\nIAS
\nG
\n\u205f\u200a37\u205f\u200a:\u205f\u200aProvisions\u205f\u200afor\u205f\u200arisks\u205f\u200aand\u205f\u200acharges
\n-7,482 0
\nOthers
\n0 77,247
\n
\nDeferred tax expense / (income) as at 31 December
\n-412,214 1,042,777
\n(*)\u205f\u200aOf\u205f\u200awhich\u205f\u200aimpact\u205f\u200aof\u205f\u200alosses\u205f\u200acarried\u205f\u200aforward\u205f\u200aactivated\u205f\u200afor\u205f\u200aEUR\u205f\u200a0.6\u205f\u200amillion\u205f\u200a(EUR\u205f\u200a1.1\u205f\u200amillion\u205f\u200ain\u205f\u200a2022),\u205f\u200aand\u205f\u200awithholding\u205f\u200atax\u205f\u200afor\u205f\u200a
\nEUR\u205f\u200a-1.2\u205f\u200amillion\u205f\u200a(EUR\u205f\u200a-0.7\u205f\u200amillion\u205f\u200ain\u205f\u200a2022).
\n* Reconciliation between income statement and cash flow statement
\n2023 2022
\n EUR EUR
\nIncome\u205f\u200atax\u205f\u200aexpense\u205f\u200apaid\u205f\u200aduring\u205f\u200athe\u205f\u200aperiod
\n-20,108,323 -28,346,769
\nIncome\u205f\u200atax\u205f\u200amovement\u205f\u200aon\u205f\u200afinancial\u205f\u200aposition\u205f\u200a(*)
\n-7,772,501 0
\n
\nIncome tax paid
\n-27,880,824 -28,346,769
\n(*)\u205f\u200aIncome\u205f\u200atax\u205f\u200apaid\u205f\u200ahas\u205f\u200abeen\u205f\u200areclassified\u205f\u200ain\u205f\u200a2023\u205f\u200afrom\u205f\u200achange\u205f\u200ain\u205f\u200aworking\u205f\u200acapital\u205f\u200ato\u205f\u200aincome\u205f\u200atax\u205f\u200apaid.
\n* Reconciliation of income tax expense
\n2023 2022
\n EUR EUR
\nProfit before tax from continuing operations
\n65,524,414 73,825,731
\nNominal tax rate of the parent company
\n24.94% 24.94%
\n
\n
\nNominal\u205f\u200atax\u205f\u200arate\u205f\u200aof\u205f\u200asubsidiaries
\nfrom\u205f\u200a20%\u205f\u200ato\u205f\u200a24.94% from\u205f\u200a20%\u205f\u200ato\u205f\u200a24.94%
\nIncome\u205f\u200atax\u205f\u200aat\u205f\u200anominal\u205f\u200atax\u205f\u200arates\u205f\u200aof\u205f\u200asubsidiaries
\n14,216,425 17,052,299
\nUnfunded\u205f\u200ataxes
\n579 -20,640
\nDefinitively\u205f\u200ataxed\u205f\u200aincome\u205f\u200a/\u205f\u200a(expense)
\n-47,609 -1,568,319
\nUse of capital allowances
\n-586,234 745,288
\nSpecific\u205f\u200atax\u205f\u200aregimes\u205f\u200ain\u205f\u200aforeign\u205f\u200acountries
\n4,029,637 7,061,849
\nNon-taxable income
\n-269,907 -1,937,160
\nNon-deductible\u205f\u200aexpenses
\n2,936,893 7,914,796
\nUse\u205f\u200aof\u205f\u200aunrecognised\u205f\u200aaccumulated\u205f\u200atax\u205f\u200alosses
\n-754,926 -263,288
\nUnrecognised\u205f\u200alosses\u205f\u200acarried\u205f\u200aforward
\n170,599 379,823
\nImpact of change in tax rate
\n0 25,110
\nOther\u205f\u200aadjustments
\n652 -213
\nTax expense as at 31 December
\n19,696,109 29,389,545
\n
\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag429": {
"value": "\nNote 16. Inventories
\n* Carrying value of inventories by category
\n
\n31/12/2023 31/12/2022
\n EUR EUR
\nRaw materials
\nG
\n550,516 768,403
\nConsumables 5,443,932 3,537,708
\nSpare parts 1,361,118 2,066,773
\nProduction\u205f\u200ain\u205f\u200aprogress
\nG
\n5,184,375 2,693,651
\nFinished\u205f\u200aproducts 4,377,247 7,608,564
\n
\nGross amount (before impairment) as at 31 December
\n16,917,188 16,675,099
\nInventory\u205f\u200awrite-downs -489 -729,244
\nNet amount as at 31 December 16,916,699 15,945,855
\n* Reconciliation of inventories
\n2023 2022
\nEUR EUR
\nSituation as at 1 January 16,675,099 16,706,227
\nChange in inventory -765,945 -1,413,348
\nFair\u205f\u200avalue\u205f\u200aof\u205f\u200aagricultural\u205f\u200aproducts 1,479,483 1,754,937
\nForeign\u205f\u200aexchange\u205f\u200adifferences -471,449 -372,717
\nGross amount (before impairment) as at 31 December 16,917,188 16,675,099
\nInventory\u205f\u200awrite-downs -489 -729,244
\nNet amount as at 31 December 16,916,699 15,945,855
\n* Quantity of inventory by category
\n31/12/2022 Raw Materials
\nG
\nProduction-in-progress Finished goods
\nG
\nCrude\u205f\u200aPalm\u205f\u200aOil\u205f\u200a/\u205f\u200aPalm\u205f\u200aKernel\u205f\u200aOil
\nG
\n\u205f\u200a(tons) 0 0 5,868
\nRubber\u205f\u200a(tons) 710 0 2,459
\nOthers\u205f\u200a(units) 0 10,043,350 0
\n31/12/2023 Raw Materials
\nG
\nProduction-in-progress Finished goods
\nG
\nCrude\u205f\u200aPalm\u205f\u200aOil\u205f\u200a/\u205f\u200aPalm\u205f\u200aKernel\u205f\u200aOil
\nG
\n\u205f\u200a(tons) 0 0 3,773
\nRubber\u205f\u200a(tons) 677 0 1,631
\nOthers\u205f\u200a(units) 0 26,517,167 0
\n
\n\n\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag430": {
"value": "\nNote 17. Trade receivables (current assets)
\n
\n31/12/2023 31/12/2022
\n EUR EUR
\nTrade\u202freceivables
\n2,250,462 2,645,367
\nAdvances\u202fand\u202fprepayments
\n8,698 495,729
\nTOTAL
\n2,259,160 3,141,096
\nNote 18. Other receivables (current assets)
\n
\n31/12/2023 31/12/2022
\n EUR EUR
\nSocial security
\n12,018 8,860
\nOther\u202freceivables\u202f(*)
\n9,856,820 28,371,836
\nAccrued\u202fcharges
\n55,760 45,859
\nTOTAL
\n9,924,598 28,426,555
\n(*)\u202f\u202fThe\u202f\"other\u202freceivables\"\u202fconsist\u202fmainly\u202fof\u202fcash\u202fpooling\u202freceivables\u202fat\u202fSocfinde\u202ffor\u202fEUR\u202f8.5\u202fmillion\u202f(EUR\u202f13.4\u202fmillion\u202fin\u202f2022).
\nThe\u202faccounting\u202fpolicy\u202fand\u202frisk\u202fmanagement\u202fapplicable\u202fto\u202freceivables\u202fare\u202fdetailed\u202fin\u202fNotes\u202f1\u202fand\u202f34.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag431": {
"value": "\nNote 19. Cash and cash equivalents
\n* Reconciliation with the amounts in the statement of financial position
\n
\n31/12/2023 31/12/2022
\n EUR EUR
\nCurrent account
\n114,574,658 94,648,047
\nTOTAL
\n114,574,658 94,648,047
\n
\n\n\n* Reconciliation with the cash flow statement
\n
\n31/12/2023 31/12/2022
\n EUR EUR
\nCurrent account
\n114,574,658 94,648,047
\n
\nTOTAL
\n114,574,658 94,648,047
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag1": {
"value": "\n
\n
\n\nNote 20. Share capital
\nIssued\u205f\u200a and\u205f\u200a fully\u205f\u200a paid\u205f\u200a capital\u205f\u200a amounted\u205f\u200a to\u205f\u200a
\nEUR\u205f\u200a24.5\u205f\u200amillion\u205f\u200aas\u205f\u200aat\u205f\u200a31\u205f\u200aDecember\u205f\u200a2023\u205f\u200a(no\u205f\u200achange\u205f\u200a
\ncompared\u205f\u200ato\u205f\u200a2022).\u205f\u200a
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a the\u205f\u200a share\u205f\u200a capital\u205f\u200a is\u205f\u200a
\nrepresented\u205f\u200a by\u205f\u200a 19,594,260\u205f\u200a shares\u205f\u200a without\u205f\u200a nominal\u205f\u200a
\nvalue.
\n Ordinary shares
\n 31/12/2023 31/12/2022
\nNumber of shares as at 31 December 19,594,260 19,594,260
\n
\nNumber\u205f\u200aof\u205f\u200afully\u205f\u200apaid\u205f\u200ashares\u205f\u200aissued\u205f\u200awithout\u205f\u200adesignation\u205f\u200aof\u205f\u200apar\u205f\u200avalue 19,594,260 19,594,260
\n
\n\n\n\nNote 21. Reserve
\nLegal reserve
\nIn\u205f\u200a accordance\u205f\u200a with\u205f\u200a Luxembourgish\u205f\u200a commercial\u205f\u200a law,\u205f\u200a
\nthe\u205f\u200a company\u205f\u200a is\u205f\u200a required\u205f\u200a to\u205f\u200a allocate\u205f\u200a a\u205f\u200a minimum\u205f\u200a of\u205f\u200a
\n5%\u205f\u200aof\u205f\u200aits\u205f\u200anet\u205f\u200aprofit\u205f\u200afor\u205f\u200aeach\u205f\u200afinancial\u205f\u200ayear\u205f\u200ato\u205f\u200aa\u205f\u200alegal\u205f\u200a
\nreserve.\u205f\u200aThis\u205f\u200arequirement\u205f\u200aceases\u205f\u200ato\u205f\u200abe\u205f\u200anecessary\u205f\u200aonce\u205f\u200a
\nthe\u205f\u200abalance\u205f\u200aon\u205f\u200athe\u205f\u200a legal\u205f\u200areserve\u205f\u200areaches\u205f\u200a10%\u205f\u200aof\u205f\u200athe\u205f\u200a
\nissued\u205f\u200ashare\u205f\u200acapital.\u205f\u200aThe\u205f\u200alegal\u205f\u200areserve\u205f\u200ais\u205f\u200anot\u205f\u200aavailable\u205f\u200a
\nfor\u205f\u200adistribution\u205f\u200ato\u205f\u200athe\u205f\u200ashareholders.
\n
\n\n\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag2": {
"value": "\nNote 20. Share capital
\nIssued\u205f\u200a and\u205f\u200a fully\u205f\u200a paid\u205f\u200a capital\u205f\u200a amounted\u205f\u200a to\u205f\u200a
\nEUR\u205f\u200a24.5\u205f\u200amillion\u205f\u200aas\u205f\u200aat\u205f\u200a31\u205f\u200aDecember\u205f\u200a2023\u205f\u200a(no\u205f\u200achange\u205f\u200a
\ncompared\u205f\u200ato\u205f\u200a2022).\u205f\u200a
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a the\u205f\u200a share\u205f\u200a capital\u205f\u200a is\u205f\u200a
\nrepresented\u205f\u200a by\u205f\u200a 19,594,260\u205f\u200a shares\u205f\u200a without\u205f\u200a nominal\u205f\u200a
\nvalue.
\n Ordinary shares
\n 31/12/2023 31/12/2022
\nNumber of shares as at 31 December 19,594,260 19,594,260
\n
\nNumber\u205f\u200aof\u205f\u200afully\u205f\u200apaid\u205f\u200ashares\u205f\u200aissued\u205f\u200awithout\u205f\u200adesignation\u205f\u200aof\u205f\u200apar\u205f\u200avalue 19,594,260 19,594,260
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag3": {
"value": "\nNote 21. Reserve
\nLegal reserve
\nIn\u205f\u200a accordance\u205f\u200a with\u205f\u200a Luxembourgish\u205f\u200a commercial\u205f\u200a law,\u205f\u200a
\nthe\u205f\u200a company\u205f\u200a is\u205f\u200a required\u205f\u200a to\u205f\u200a allocate\u205f\u200a a\u205f\u200a minimum\u205f\u200a of\u205f\u200a
\n5%\u205f\u200aof\u205f\u200aits\u205f\u200anet\u205f\u200aprofit\u205f\u200afor\u205f\u200aeach\u205f\u200afinancial\u205f\u200ayear\u205f\u200ato\u205f\u200aa\u205f\u200alegal\u205f\u200a
\nreserve.\u205f\u200aThis\u205f\u200arequirement\u205f\u200aceases\u205f\u200ato\u205f\u200abe\u205f\u200anecessary\u205f\u200aonce\u205f\u200a
\nthe\u205f\u200abalance\u205f\u200aon\u205f\u200athe\u205f\u200a legal\u205f\u200areserve\u205f\u200areaches\u205f\u200a10%\u205f\u200aof\u205f\u200athe\u205f\u200a
\nissued\u205f\u200ashare\u205f\u200acapital.\u205f\u200aThe\u205f\u200alegal\u205f\u200areserve\u205f\u200ais\u205f\u200anot\u205f\u200aavailable\u205f\u200a
\nfor\u205f\u200adistribution\u205f\u200ato\u205f\u200athe\u205f\u200ashareholders.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag4": {
"value": "\nNote 22. Pension obligations
\n* Defined benefit pension plan and post-employment sickness
\nThe\u205f\u200a Group\u205f\u200a provides\u205f\u200a a\u205f\u200a defined\u205f\u200a benefit\u205f\u200a pension\u205f\u200a plan\u205f\u200a
\nto\u205f\u200a its\u205f\u200a employees\u205f\u200a in\u205f\u200a its\u205f\u200a Indonesian\u205f\u200a subsidiary.\u205f\u200a The\u205f\u200a
\nlatter\u205f\u200apay\u205f\u200abenefits\u205f\u200awhich\u205f\u200aare\u205f\u200apayable\u205f\u200ain\u205f\u200athe\u205f\u200aevent\u205f\u200aof\u205f\u200a
\nretirement\u205f\u200aor\u205f\u200avoluntary\u205f\u200aresignation.\u205f\u200aThe\u205f\u200abenefits\u205f\u200apaid\u205f\u200a
\nare\u205f\u200acalculated\u205f\u200aas\u205f\u200aa\u205f\u200apercentage\u205f\u200aof\u205f\u200athe\u205f\u200asalary\u205f\u200aand\u205f\u200aare\u205f\u200a
\nbased\u205f\u200aon\u205f\u200athe\u205f\u200anumber\u205f\u200aof\u205f\u200ayears\u205f\u200aof\u205f\u200aservice.
\nThe\u205f\u200a plan\u205f\u200a finds\u205f\u200a its\u205f\u200a legitimacy\u205f\u200a in\u205f\u200a the\u205f\u200a employment\u205f\u200a
\ncontract\u205f\u200a for\u205f\u200a the\u205f\u200a employees\u205f\u200a and\u205f\u200a on\u205f\u200a the\u205f\u200a collective\u205f\u200a
\nagreements\u205f\u200a for\u205f\u200a the\u205f\u200a labourers.\u205f\u200a No\u205f\u200a specific\u205f\u200a asset\u205f\u200a
\nagainst\u205f\u200athe\u205f\u200aprovisions\u205f\u200afinance\u205f\u200athe\u205f\u200abenefits\u205f\u200apayable\u205f\u200ato\u205f\u200a
\nthe employees.
\n
\n2023 2022
\n EUR EUR
\nAssets and liabilities recognised in the statement of financial
\nposition
\n
\nPresent value of obligations
\n34,533,436 34,304,488
\nNet amount recognised in the statement of financial position for
\ndefined benefit plans
\n34,533,436 34,304,488
\nComponents of net charge
\n
\nCurrent service costs
\n1,834,219 2,028,323
\nFinancial costs
\n2,106,160 1,894,992
\nPresent\u205f\u200aValue\u205f\u200aof\u205f\u200aBenefit\u205f\u200aobligation\u205f\u200afollowing\u205f\u200aemployee\u205f\u200amutation
\n664,750 0
\nPast service costs
\n23,790 0
\nDefined benefit plan costs
\n4,628,919 3,923,315
\nMovements in liabilities / net assets recognised in the statement of
\nfinancial position
\nAs at 1 January
\n34,304,488 36,912,326
\nCosts as per income statement
\n4,628,919 3,923,315
\nContributions
\n-4,105,636 -3,859,526
\nActuarial\u205f\u200agains\u205f\u200aand\u205f\u200alosses\u205f\u200aof\u205f\u200athe\u205f\u200ayear\u205f\u200arecognised\u205f\u200ain\u205f\u200aother\u205f\u200acomprehensive\u205f\u200a
\nincome
\nG
\n604,036 -1,548,010
\nForeign\u205f\u200aexchange\u205f\u200adifferences
\n-898,371 -1,123,617
\nAs at 31 December
\n34,533,436 34,304,488
\nProvisions\u205f\u200aare\u205f\u200abased\u205f\u200aon\u205f\u200aactuarial\u205f\u200avaluation\u205f\u200areports\u205f\u200aprepared\u205f\u200ain\u205f\u200aJanuary\u205f\u200a2024.
\n
\n\n\n* Actuarial gains and losses recognised in other comprehensive income
\nG
\n2023 2022
\n EUR EUR
\nAdjustments\u205f\u200aof\u205f\u200aliabilities\u205f\u200arelated\u205f\u200ato\u205f\u200aexperience
\n-2,150,024 533,879
\nChanges\u205f\u200ain\u205f\u200afinancial\u205f\u200aassumptions\u205f\u200arelated\u205f\u200ato\u205f\u200arecognised\u205f\u200aliabilities
\n1,545,988 1,014,131
\nActuarial gains and losses recognised during the period in other
\ncomprehensive income
\nG
\n-604,036 1,548,010
\n* Actuarial valuation assumptions
\n2023 2022
\nASIA
\nAverage\u205f\u200adiscount\u205f\u200arate
\nfrom\u205f\u200a6.37%\u205f\u200ato\u205f\u200a7.10% from\u205f\u200a5.52%\u205f\u200ato\u205f\u200a7.44%
\nExpected\u205f\u200along-term\u205f\u200areturns\u205f\u200aof\u205f\u200aplan\u205f\u200aassets
\nN/A N/A
\nFuture salary increases
\n6.50% 6.50%
\nAverage\u205f\u200aremaining\u205f\u200aactive\u205f\u200alife\u205f\u200aof\u205f\u200aemployees\u205f\u200a(in\u205f\u200ayears)
\n13.49 13.10
\n* Sensitivity analysis of the present value of defined benefit obligations
\n2023 2022
\n EUR EUR
\nActuarial value of the obligation
\n
\n- Pension plan
\n32,801,665 32,563,604
\n-\u205f\u200aOther\u205f\u200aLong-term\u205f\u200abenefits
\n1,731,771 1,740,884
\nTotal as at 31 December
\n34,533,436 34,304,488
\nActuarial rate (on pension plan)
\n
\nIncrease\u205f\u200aof\u205f\u200a0.5%
\n33,382,168 33,188,601
\nDecrease\u205f\u200aof\u205f\u200a0.5%
\n35,753,213 35,486,229
\nExpected future salary increases (on pension plan)
\n
\nIncrease\u205f\u200aof\u205f\u200a0.5%
\n35,658,854 35,408,582
\nDecrease\u205f\u200aof\u205f\u200a0.5%
\n33,461,593 33,252,768
\nThe\u205f\u200asensitivity\u205f\u200aanalysis\u205f\u200aare\u205f\u200abased\u205f\u200aon\u205f\u200athe\u205f\u200asame\u205f\u200aactuarial\u205f\u200amethod\u205f\u200aused\u205f\u200ato\u205f\u200ameasure\u205f\u200athe\u205f\u200aobligations\u205f\u200aof\u205f\u200athe\u205f\u200adefined\u205f\u200a
\nbenefit\u205f\u200aplans.\u205f\u200aThe\u205f\u200amortality\u205f\u200arate\u205f\u200awhich\u205f\u200acan\u205f\u200abe\u205f\u200aimpacted\u205f\u200aby\u205f\u200athe\u205f\u200aeffect\u205f\u200aof\u205f\u200athe\u205f\u200aclimate\u205f\u200achange\u205f\u200ais\u205f\u200aincluded\u205f\u200ain\u205f\u200athis\u205f\u200a
\nsensitivity analysis.
\n* Impact of the defined benefit pension plan on future cash flows
\n2023 2022
\nEstimated\u205f\u200acontributions\u205f\u200afor\u205f\u200athe\u205f\u200anext\u205f\u200afinancial\u205f\u200ayear\u205f\u200a(in\u205f\u200aeuros)
\n4,267,713 2,924,588
\n2023 2022
\nWeighted\u205f\u200aaverage\u205f\u200aduration\u205f\u200aof\u205f\u200adefined\u205f\u200abenefit\u205f\u200aplan\u205f\u200aobligations\u205f\u200a(in\u205f\u200ayears)
\n13.04 12.85
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag5": {
"value": "\nNote 23. Financial debts
\n31/12/2022
\nEUR < 1 year > 1 year TOTAL
\nLoans\u205f\u200aheld\u205f\u200aby\u205f\u200afinancial\u205f\u200ainstitutions 18,522,074 9,375,586 27,897,660
\nOther loans 222 0 222
\nLease liabilities 28,105 397,717 425,822
\nTOTAL 18,550,401 9,773,303 28,323,704
\n31/12/2023
\nEUR < 1 year > 1 year TOTAL
\nLoans\u205f\u200aheld\u205f\u200aby\u205f\u200afinancial\u205f\u200ainstitutions 0 0 0
\nOther loans 0 0 0
\nLease liabilities 27,258 356,638 383,896
\n
\nTOTAL 27,258 356,638 383,896
\n* Long-term debt analysis by interest rate
\n31/12/2022
\nEUR Fixed Rate Rate Floating rate Rate TOTAL
\nLoans held by financial institutions
\nLuxembourg 0 - 9,375,586 3-month\u205f\u200a+\u205f\u200a5%\u205f\u200aSOFR
\nG
\n9,375,586
\nTOTAL 0 9,375,586 9,375,586
\n31/12/2023
\nEUR Fixed Rate Rate Floating rate Rate TOTAL
\nLoans held by financial institutions
\nLuxembourg 0 0 0 0 0
\nTOTAL 0 0 0
\nIn\u205f\u200a2023,\u205f\u200athe\u205f\u200aGroup\u205f\u200ahas\u205f\u200ano\u205f\u200alonger\u205f\u200aany\u205f\u200along-term\u205f\u200aloans\u205f\u200aheld\u205f\u200aby\u205f\u200afinancial\u205f\u200ainstitutions.
\n
\n\n\n* Long-term debt analysis by currency
\n31/12/2022 USD TOTAL EUR
\nLoans\u205f\u200aheld\u205f\u200aby\u205f\u200afinancial\u205f\u200ainstitutions 9,375,586 9,375,586
\nLease liabilities 397,716 397,716
\nTOTAL 9,773,302 9,773,302
\n31/12/2023 USD TOTAL EUR
\nLease liabilities 356,638 356,638
\nTOTAL 356,638 356,638
\n* Long-term debt analysis by maturity
\n31/12/2022
\nEUR 2024 2025 2026 2027
\n2028 and
\nabove
\nTOTAL
\nLoans\u205f\u200aheld\u205f\u200aby\u205f\u200afinancial\u205f\u200a
\ninstitutions
\n9,375,586 0 0 0 0 9,375,586
\nLease liabilities 28,239 28,374 28,511 28,649 283,944 397,717
\nTOTAL 9,403,825 28,374 28,511 28,649 283,944 9,773,303
\n31/12/2023
\nEUR 2025 2026 2027 2028
\n2029 and
\nabove
\nTOTAL
\nLease liabilities 27,388 27,520 27,653 34 274,042 356,637
\nTOTAL 27,388 27,520 27,653 34 274,042 356,637
\n
\n\n\n* Net cash surplus / (Net debt)
\n
\n31/12/2023 31/12/2022
\n EUR EUR
\nCash\u205f\u200aand\u205f\u200acash\u205f\u200aequivalents\u205f\u200a 114,574,658 94,648,047
\nLong-term\u205f\u200adebt\u205f\u200anet\u205f\u200aof\u205f\u200acurrent\u205f\u200aportion 0 -9,375,586
\nShort-term\u205f\u200adebt\u205f\u200aand\u205f\u200acurrent\u205f\u200aportion\u205f\u200aof\u205f\u200along-term\u205f\u200adebt 0 -18,522,296
\nLease liabilities -383,896 -425,822
\nNet cash surplus / (Net debt)
\n114,190,763 66,324,343
\nCash\u205f\u200aand\u205f\u200acash\u205f\u200aequivalents
\n114,574,658 94,648,047
\nLoan bearing interest at a variable rate 0 -27,897,882
\nLease liabilities -383,896 -425,822
\nNet cash surplus / (Net debt) 114,190,763 66,324,343
\n* Reconciliation of net cash surplus / (net debt)
\nCash and cash
\nequivalents
\nLong-term debt,
\nnet of current
\nportion
\nShort-term debt
\nand current
\nportion of long-
\nterm debt
\nDebt related to
\nleases TOTAL
\nAs at 1 January 2022 73,404,709 -78,136,408 -8,853,829 -427,354 -14,012,882
\nCash\u205f\u200aflows 20,233,462\u205f\u200a 66,817,381\u205f\u200a -1,175,284 28,468\u205f\u200a 85,904,027
\nForeign exchange
\ndifferences
\n1,009,876\u205f\u200a -6,148,630\u205f\u200a -384,269\u205f\u200a -26,936\u205f\u200a -5,549,959
\nTransfers 0 8,092,070 -8,108,913 0 -16,843
\nAs at 31 December 2022 94,648,047 -9,375,586 -18,522,296 -425,822 66,324,343
\nCash\u205f\u200aflows 20,389,257 -3,130 27,484,691 27,687\u205f\u200a 47,898,505
\nForeign exchange
\ndifferences
\n-462,646\u205f\u200a 138,684\u205f\u200a 274,183 14,240 -35,539
\nTransfers 0 9,236,798\u205f\u200a -9,236,578 0 220
\nOther movements with no
\nimpact\u205f\u200aon\u205f\u200acash\u205f\u200aflows
\n0 3,234 0 0 3,234
\nAs at 31 December 2023 114,574,658 0 0 -383,895 114,190,763
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag6": {
"value": "\nNote 24. Trade and other payables
\n31/12/2023 31/12/2022
\nEUR EUR
\nTrade\u205f\u200apayables
\n7,345,213 4,333,218
\nStaff\u205f\u200acost\u205f\u200aliabilities\u205f\u200a(*)
\n16,985,833 18,161,954
\nOther\u205f\u200apayables\u205f\u200a(**)
\n42,470,901 34,838,679
\nAccruals
\n260,188 1,818,472
\n
\nTOTAL
\n67,062,135 59,152,323
\n(*)\u205f\u200aDebts\u205f\u200atowards\u205f\u200aemployees\u205f\u200a(EUR\u205f\u200a17.7\u205f\u200amillion\u205f\u200ain\u205f\u200a2022)\u205f\u200ahave\u205f\u200abeen\u205f\u200areclassified\u205f\u200afrom\u205f\u200a\u201cother\u205f\u200apayables\u201d\u205f\u200ato\u205f\u200a\u201cstaff\u205f\u200acost\u205f\u200aliabilities\u201d\u205f\u200a
\nin 2022.
\n(**)\u205f\u200a\u205f\u200aOther\u205f\u200a payables\u205f\u200a consist\u205f\u200a mainly\u205f\u200aof\u205f\u200a debts\u205f\u200a of\u205f\u200a EUR\u205f\u200a31.5\u205f\u200a million\u205f\u200a (EUR\u205f\u200a 24.2\u205f\u200amillion\u205f\u200a in\u205f\u200a2022)\u205f\u200a relating\u205f\u200a to\u205f\u200a the\u205f\u200acash\u205f\u200a pooling\u205f\u200a at\u205f\u200a
\nSocfinde.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag7": {
"value": "\nNote 25. Financial instruments
\n31/12/2022
\nLoans and
\nborrowings
\nFinancial assets
\nat fair value
\nthrough other
\ncomprehensive
\nincome
\nG
\nOther
\nfinancial
\nassets and
\nliabilities TOTAL
\nLoans and
\nborrowings
\n(*)
\nOther
\nfinancial
\nassets and
\nliabilities
\n(*)
\nEUR At cost At fair value At cost
\nAt fair
\nvalue
\nAt fair
\nvalue
\nAssets
\nFinancial assets at fair value through
\nother comprehensive income
\nG
\n0 773,528 0 773,528 0 0
\nLong-term\u205f\u200aadvances
\n100,412,500 0 90,824 100,503,324 100,412,500 90,824
\nOther non-current assets
\n7,000,000 0 0 7,000,000 7,000,000 0
\nTrade\u205f\u200areceivables
\n0 0 3,141,096 3,141,096 0 3,141,096
\nOther receivables
\n0 0 28,426,554 28,426,554 0 28,426,554
\nCash\u205f\u200aand\u205f\u200acash\u205f\u200aequivalents\u205f\u200a(**)
\n0 0 94,648,047 94,648,047 0 94,648,047
\nTotal Assets
\n107,412,500 773,528 126,306,521 234,492,549 107,412,500 126,306,521
\nLiabilities
\nLong-term\u205f\u200adebts\u205f\u200a(**)
\n9,375,586 0 0 9,375,586 9,375,586 0
\nShort-term\u205f\u200adebts\u205f\u200a(**)
\n0 0 18,522,296 18,522,296 0 18,522,296
\nTrade\u205f\u200apayables\u205f\u200a(current)
\n0 0 4,333,218 4,333,218 0 4,333,218
\nOther\u205f\u200apayables\u205f\u200a(current)
\n0 0 54,819,105 54,819,105 0 54,819,105
\nTotal Liabilities
\n9,375,586 0 77,674,619 87,050,205 9,375,586 77,674,619
\n(*)\u205f\u200a For\u205f\u200ainformation\u205f\u200apurposes.
\n(**)\u205f\u200aSee\u205f\u200aNote\u205f\u200a23.
\n31/12/2022 Fair Value
\nEUR Level 1 Level 2 Level 3 TOTAL
\nFinancial assets at fair value through other
\ncomprehensive income
\nG
\n0 0 773,528 773,528
\n
\n\n\n31/12/2023
\nLoans and
\nborrowings
\nFinancial assets
\nat fair value
\nthrough other
\ncomprehensive
\nincome
\nG
\nOther
\nfinancial
\nassets and
\nliabilities TOTAL
\nLoans and
\nborrowings
\n(*)
\nOther
\nfinancial
\nassets and
\nliabilities
\n(*)
\nEUR At cost At fair value At cost
\nAt fair
\nvalue
\nAt fair
\nvalue
\nAssets
\nFinancial assets at fair value through
\nother comprehensive income
\nG
\n0 5,231,277 0 5,231,277 0 0
\nLong-term\u205f\u200aadvances
\n50,412,500 0 87,675 50,500,175 50,412,500 87,675
\nTrade\u205f\u200areceivables
\n0 0 2,259,161 2,259,161 0 2,259,161
\nOther receivables
\n0 0 9,924,597 9,924,597 0 9,924,597
\nCash\u205f\u200aand\u205f\u200acash\u205f\u200aequivalents\u205f\u200a(**)
\n0 0 114,574,658 114,574,658 0 114,574,658
\nTotal Assets
\n50,412,500 5,231,277 126,846,091 182,489,868 50,412,500 126,846,091
\nLiabilities
\nShort-term\u205f\u200adebts\u205f\u200a(**)
\n0 0 0 0 0 0
\nTrade\u205f\u200apayables\u205f\u200a(current)
\n0 0 7,345,213 7,345,213 0 7,345,213
\nOther\u205f\u200apayables\u205f\u200a(current)
\n0 0 59,716,922 59,716,922 0 59,716,922
\nTotal Liabilities
\n0 0 67,062,135 67,062,135 0 67,062,135
\n(*)\u205f\u200a For\u205f\u200ainformation\u205f\u200apurposes.
\n(**)\u205f\u200aSee\u205f\u200aNote\u205f\u200a23.
\n31/12/2023 Fair Value
\nEUR Level 1 Level 2 Level 3 TOTAL
\nFinancial assets at fair value through other
\ncomprehensive income
\nG
\n0 0 5,231,277 5,231,277
\nThe\u205f\u200aGroup\u205f\u200adid\u205f\u200anot\u205f\u200aidentify\u205f\u200asignificant\u205f\u200adifferences\u205f\u200abetween\u205f\u200athe\u205f\u200acarrying\u205f\u200aamount\u205f\u200aof\u205f\u200athe\u205f\u200aloans\u205f\u200aand\u205f\u200atheir\u205f\u200afair\u205f\u200avalue.\u205f\u200a
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag8": {
"value": "\nNote 26. Staff costs and average number of staff
\n
\n2023 2022
\nAverage number of employees
\nDirectors
\n194 195
\nEmployees
\n2,590 2,253
\nWorkers\u205f\u200a(including\u205f\u200atemporary\u205f\u200aworkers)
\n6,902 7,147
\n
\nTOTAL
\n9,686 9,595
\n
\n2023 2022
\nStaff costs EUR EUR
\nRemuneration
\n58,505,265 67,263,579
\nSocial\u205f\u200asecurity\u205f\u200aand\u205f\u200apension\u205f\u200aexpenses
\n6,530,200 5,790,322
\nTOTAL
\n65,035,465 73,053,901
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag9": {
"value": "\n
\n\n
\n\n
\n\nNote 27. Other financial income
\n2023 2022
\nEUR EUR
\nOn non-current assets / liabilities
\n
\nInterest\u205f\u200aon\u205f\u200aother\u205f\u200ainvestments\u205f\u200a(*)
\n4,629,133 7,720,339
\nOn current assets / liabilities
\n
\nInterest\u205f\u200afrom\u205f\u200areceivables\u205f\u200aand\u205f\u200acash\u205f\u200aand\u205f\u200acash\u205f\u200aequivalents
\n4,256,771 1,555,214
\nExchange gains
\n3,184,412 17,463,418
\nOthers
\n35,104 55,464
\nTOTAL
\n12,105,420 26,794,435
\n(*)\u205f\u200aInterests\u205f\u200amainly\u205f\u200arelating\u205f\u200ato\u205f\u200athe\u205f\u200along-term\u205f\u200aadvances\u205f\u200atowards\u205f\u200aSocfin\u205f\u200a(see\u205f\u200aNote\u205f\u200a31).
\n
\n\n\n
\n\n\n
\n\n\n
\n\n\n
\n\n
\n\n
\n\nNote 28. Financial expenses
\n2023 2022
\n EUR EUR
\nOn non-current assets / liabilities
\n
\nImpairment on non-current assets
\n170,407 30,000
\nInterest expense on lease liabilities
\n40,977 42,471
\nOn current assets / liabilities
\n
\nInterest\u205f\u200aand\u205f\u200afinance\u205f\u200aexpense
\n1,024,131 3,532,438
\nImpairment on current assets
\n2,897 -4,258
\nExchange losses
\n5,693,613 3,614,032
\nOthers
\n610,435 1,579,822
\nTOTAL
\n7,542,460 8,794,505
\n
\n\n\n\n\n\n
\n\n\n\n\n\n
\n\n\n\n\n\n
\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag10": {
"value": "\n
\n\n
\n\nNote 27. Other financial income
\n2023 2022
\nEUR EUR
\nOn non-current assets / liabilities
\n
\nInterest\u205f\u200aon\u205f\u200aother\u205f\u200ainvestments\u205f\u200a(*)
\n4,629,133 7,720,339
\nOn current assets / liabilities
\n
\nInterest\u205f\u200afrom\u205f\u200areceivables\u205f\u200aand\u205f\u200acash\u205f\u200aand\u205f\u200acash\u205f\u200aequivalents
\n4,256,771 1,555,214
\nExchange gains
\n3,184,412 17,463,418
\nOthers
\n35,104 55,464
\nTOTAL
\n12,105,420 26,794,435
\n(*)\u205f\u200aInterests\u205f\u200amainly\u205f\u200arelating\u205f\u200ato\u205f\u200athe\u205f\u200along-term\u205f\u200aadvances\u205f\u200atowards\u205f\u200aSocfin\u205f\u200a(see\u205f\u200aNote\u205f\u200a31).
\n
\n\n\n
\n\n\n
\n\n\n
\n\n
\n\nNote 28. Financial expenses
\n2023 2022
\n EUR EUR
\nOn non-current assets / liabilities
\n
\nImpairment on non-current assets
\n170,407 30,000
\nInterest expense on lease liabilities
\n40,977 42,471
\nOn current assets / liabilities
\n
\nInterest\u205f\u200aand\u205f\u200afinance\u205f\u200aexpense
\n1,024,131 3,532,438
\nImpairment on current assets
\n2,897 -4,258
\nExchange losses
\n5,693,613 3,614,032
\nOthers
\n610,435 1,579,822
\nTOTAL
\n7,542,460 8,794,505
\n
\n\n\n\n\n\n
\n\n\n\n\n\n
\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag11": {
"value": "\n
\n\nNote 27. Other financial income
\n2023 2022
\nEUR EUR
\nOn non-current assets / liabilities
\n
\nInterest\u205f\u200aon\u205f\u200aother\u205f\u200ainvestments\u205f\u200a(*)
\n4,629,133 7,720,339
\nOn current assets / liabilities
\n
\nInterest\u205f\u200afrom\u205f\u200areceivables\u205f\u200aand\u205f\u200acash\u205f\u200aand\u205f\u200acash\u205f\u200aequivalents
\n4,256,771 1,555,214
\nExchange gains
\n3,184,412 17,463,418
\nOthers
\n35,104 55,464
\nTOTAL
\n12,105,420 26,794,435
\n(*)\u205f\u200aInterests\u205f\u200amainly\u205f\u200arelating\u205f\u200ato\u205f\u200athe\u205f\u200along-term\u205f\u200aadvances\u205f\u200atowards\u205f\u200aSocfin\u205f\u200a(see\u205f\u200aNote\u205f\u200a31).
\n
\n\n\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag12": {
"value": "\nNote 27. Other financial income
\n2023 2022
\nEUR EUR
\nOn non-current assets / liabilities
\n
\nInterest\u205f\u200aon\u205f\u200aother\u205f\u200ainvestments\u205f\u200a(*)
\n4,629,133 7,720,339
\nOn current assets / liabilities
\n
\nInterest\u205f\u200afrom\u205f\u200areceivables\u205f\u200aand\u205f\u200acash\u205f\u200aand\u205f\u200acash\u205f\u200aequivalents
\n4,256,771 1,555,214
\nExchange gains
\n3,184,412 17,463,418
\nOthers
\n35,104 55,464
\nTOTAL
\n12,105,420 26,794,435
\n(*)\u205f\u200aInterests\u205f\u200amainly\u205f\u200arelating\u205f\u200ato\u205f\u200athe\u205f\u200along-term\u205f\u200aadvances\u205f\u200atowards\u205f\u200aSocfin\u205f\u200a(see\u205f\u200aNote\u205f\u200a31).
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag13": {
"value": "\n
\n\nNote 28. Financial expenses
\n2023 2022
\n EUR EUR
\nOn non-current assets / liabilities
\n
\nImpairment on non-current assets
\n170,407 30,000
\nInterest expense on lease liabilities
\n40,977 42,471
\nOn current assets / liabilities
\n
\nInterest\u205f\u200aand\u205f\u200afinance\u205f\u200aexpense
\n1,024,131 3,532,438
\nImpairment on current assets
\n2,897 -4,258
\nExchange losses
\n5,693,613 3,614,032
\nOthers
\n610,435 1,579,822
\nTOTAL
\n7,542,460 8,794,505
\n
\n\n\n\n\n\n
\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag14": {
"value": "\nNote 28. Financial expenses
\n2023 2022
\n EUR EUR
\nOn non-current assets / liabilities
\n
\nImpairment on non-current assets
\n170,407 30,000
\nInterest expense on lease liabilities
\n40,977 42,471
\nOn current assets / liabilities
\n
\nInterest\u205f\u200aand\u205f\u200afinance\u205f\u200aexpense
\n1,024,131 3,532,438
\nImpairment on current assets
\n2,897 -4,258
\nExchange losses
\n5,693,613 3,614,032
\nOthers
\n610,435 1,579,822
\nTOTAL
\n7,542,460 8,794,505
\n
\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag15": {
"value": "\nNote 29. Net earnings per share
\nUndiluted\u205f\u200anet\u205f\u200aearnings\u205f\u200aper\u205f\u200ashare\u205f\u200a(basic)\u205f\u200ais\u205f\u200athe\u205f\u200aprofit\u205f\u200a
\nfor\u205f\u200a the\u205f\u200a year\u205f\u200a attributable\u205f\u200a to\u205f\u200a ordinary\u205f\u200a shareholders\u205f\u200a
\ndivided\u205f\u200a by\u205f\u200a the\u205f\u200a average\u205f\u200a number\u205f\u200a of\u205f\u200a ordinary\u205f\u200a shares\u205f\u200a
\noutstanding\u205f\u200aduring\u205f\u200athe\u205f\u200ayear.\u205f\u200aAs\u205f\u200athere\u205f\u200aare\u205f\u200ano\u205f\u200apotential\u205f\u200a
\ndilutive\u205f\u200aordinary\u205f\u200ashares,\u205f\u200athe\u205f\u200adiluted\u205f\u200anet\u205f\u200aearnings\u205f\u200aper\u205f\u200a
\nshare\u205f\u200a is\u205f\u200a identical\u205f\u200a to\u205f\u200a the\u205f\u200a undiluted\u205f\u200a net\u205f\u200a earnings\u205f\u200a per\u205f\u200a
\nshare.
\n 2023 2022
\nNet\u205f\u200aprofit\u205f\u200a/\u205f\u200a(loss)\u205f\u200afor\u205f\u200athe\u205f\u200aperiod\u205f\u200a(in\u205f\u200aeuros)
\n46,103,360 47,948,844
\nAverage number of shares
\n19,594,260 19,594,260
\nNet earnings per share undiluted (in euros)
\n2.35 2.45
\n
\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag16": {
"value": "\nNote 30. Dividends and directors\u2019 fees
\nThe\u205f\u200aBoard\u205f\u200awill\u205f\u200apropose\u205f\u200aat\u205f\u200athe\u205f\u200aAnnual\u205f\u200aGeneral\u205f\u200aMeeting\u205f\u200a
\nof\u205f\u200a 29\u205f\u200a May\u205f\u200a 2024\u205f\u200a the\u205f\u200a payment\u205f\u200a of\u205f\u200a a\u205f\u200a total\u205f\u200a dividend\u205f\u200a of\u205f\u200a
\nEUR\u205f\u200a4.00\u205f\u200aper\u205f\u200ashare,\u205f\u200aout\u205f\u200aof\u205f\u200awhich\u205f\u200aan\u205f\u200ainterim\u205f\u200adividend\u205f\u200a
\nof\u205f\u200a EUR\u205f\u200a 2.00\u205f\u200a per\u205f\u200a share\u205f\u200a was\u205f\u200a paid\u205f\u200a in\u205f\u200a November\u205f\u200a 2023.\u205f\u200a
\nIf\u205f\u200athe\u205f\u200a proposed\u205f\u200a dividend\u205f\u200ais\u205f\u200aapproved\u205f\u200aby\u205f\u200a the\u205f\u200a general\u205f\u200a
\nmeeting\u205f\u200a of\u205f\u200a shareholders,\u205f\u200aa\u205f\u200abalance\u205f\u200a of\u205f\u200aEUR\u205f\u200a2.00\u205f\u200a per\u205f\u200a
\nshare\u205f\u200a for\u205f\u200a a\u205f\u200a total\u205f\u200a amount\u205f\u200a of\u205f\u200a EUR\u205f\u200a 39.2\u205f\u200a million\u205f\u200a would\u205f\u200a
\ntherefore remain payable.
\n 2023 2022
\nDividends\u205f\u200aand\u205f\u200ainterim\u205f\u200adividends\u205f\u200adistributed\u205f\u200aduring\u205f\u200athe\u205f\u200aperiod
\n68,579,910 58,782,780
\nNumber of shares
\n19,594,260 19,594,260
\nDividend\u205f\u200aper\u205f\u200ashare\u205f\u200adistributed\u205f\u200aduring\u205f\u200athe\u205f\u200aperiod
\n3.50 3.00
\nIn\u205f\u200aaddition,\u205f\u200ain\u205f\u200aaccordance\u205f\u200awith\u205f\u200athe\u205f\u200astatutory\u205f\u200aprovisions,\u205f\u200a1/9
\nth
\n\u205f\u200aof\u205f\u200athe\u205f\u200agross\u205f\u200adividend\u205f\u200ais\u205f\u200aallocated\u205f\u200ato\u205f\u200athe\u205f\u200aBoard\u205f\u200aof\u205f\u200a
\nDirectors.
\n
\n\n\n\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDividendsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag17": {
"value": "4",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"Tag18": {
"value": "3.5",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"Tag19": {
"value": "3",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"Tag20": {
"value": "\n
\nNote 31. Information on related party
\n\n* Directors\u2019 remuneration
\n2023 2022
\n EUR EUR
\nShort-term\u205f\u200abenefits
\n11,674,417 15,278,115
\n
\n\n\n* Other related party transactions
\n31/12/2022
\nEUR Parent Associates
\nOther related
\nparties TOTAL
\nNon-current assets
\n
\nLong-term\u205f\u200aadvances\u205f\u200a(Note\u205f\u200a12)
\n100,000,000 132,500 280,000 100,412,500
\nOther non-current assets
\n0 0 7,000,000 7,000,000
\n
\n100,000,000 132,500 7,280,000 107,412,500
\nCurrent assets
\n
\nTrade\u205f\u200areceivables
\n0 1,308,312 37,405 1,345,717
\nOther\u205f\u200areceivables\u205f\u200a(Note\u205f\u200a18)
\n14,498,034 6,016,300 7,520,601 28,034,935
\n
\n14,498,034 7,324,612 7,558,006 29,380,652
\n
\n
\nCurrent liabilities
\n
\nTrade\u205f\u200apayables
\n0 102,981 0 102,981
\nOther\u205f\u200apayables\u205f\u200a(Note\u205f\u200a24)
\n1,914,036 7,780,667 15,313,990 25,008,693
\n
\n1,914,036 7,883,648 15,313,990 25,111,674
\n2022
\nEUR Parent Associates
\nOther related
\nparties TOTAL
\nIncome statement
\n
\nServices\u205f\u200aand\u205f\u200agoods\u205f\u200adelivered
\n0 13,371,056 167,896 13,538,952
\nServices\u205f\u200aand\u205f\u200agoods\u205f\u200areceived
\n0 5,596,574 447,562 6,044,136
\nFinancial income
\n7,682,513 4,004,774 311,305 11,998,592
\nFinancial expenses
\n2,220 30,020 71,073 103,313
\n
\n\n\n31/12/2023
\nEUR Parent Associates
\nOther related
\nparties TOTAL
\nNon-current assets
\n
\nLong-term\u205f\u200aadvances\u205f\u200a(Note\u205f\u200a12)
\n50,000,000 132,500 280,000 50,412,500
\n
\n50,000,000 132,500 280,000 50,412,500
\nCurrent assets
\n
\nTrade\u205f\u200areceivables
\n0 1,078,622 6,988 1,085,610
\nOther\u205f\u200areceivables\u205f\u200a(Note\u205f\u200a18)
\n900,000 8,505,786 0 9,405,786
\n
\n900,000 9,584,408 6,988 10,491,396
\n
\n
\nCurrent liabilities
\n
\nTrade\u205f\u200apayables
\n0 18,167 0 18,167
\nOther\u205f\u200apayables\u205f\u200a(Note\u205f\u200a24)
\n5,885,386 8,280,574 18,178,167 32,344,127
\n
\n5,885,386 8,298,741 18,178,167 32,362,294
\n
\n2023
\nEUR Parent Associates
\nOther related
\nparties TOTAL
\nIncome statement
\n
\nServices\u205f\u200aand\u205f\u200agoods\u205f\u200adelivered
\n0 8,217,506 74,431 8,291,937
\nServices\u205f\u200aand\u205f\u200agoods\u205f\u200areceived
\n0 5,018,633 359,324 5,377,957
\nFinancial income
\n4,520,047 4,270,504 254,465 9,045,016
\nFinancial expenses
\n44,921 279,709 278,840 603,470
\nRelated\u205f\u200aparty\u205f\u200atransactions\u205f\u200aare\u205f\u200amade\u205f\u200aat\u205f\u200aarm\u2019s\u205f\u200alength.
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a Socfinasia\u205f\u200a has\u205f\u200a an\u205f\u200a amount\u205f\u200a
\nreceivable\u205f\u200a of\u205f\u200a EUR\u205f\u200a 50\u205f\u200a million\u205f\u200a from\u205f\u200a Socfin.\u205f\u200a This\u205f\u200a
\nreceivable\u205f\u200abears\u205f\u200ainterest\u205f\u200aat\u205f\u200a6%.\u205f\u200aThe\u205f\u200aamount\u205f\u200aof\u205f\u200ainterest\u205f\u200a
\nrecognised\u205f\u200afor\u205f\u200athe\u205f\u200ayear\u205f\u200a2023\u205f\u200ais\u205f\u200aEUR\u205f\u200a4.1\u205f\u200amillion.
\nAs\u205f\u200aat\u205f\u200a31\u205f\u200aDecember\u205f\u200a2023,\u205f\u200aPNS\u205f\u200ahas\u205f\u200ano\u205f\u200amore\u205f\u200areceivable\u205f\u200a
\ntowards\u205f\u200a Socfin,\u205f\u200a following\u205f\u200a the\u205f\u200a repayment\u205f\u200a of\u205f\u200a
\nEUR\u205f\u200a 14.1\u205f\u200a million\u205f\u200a from\u205f\u200a Socfin\u205f\u200a in\u205f\u200a February\u205f\u200a 2023.\u205f\u200a The\u205f\u200a
\namount\u205f\u200a of\u205f\u200a interest\u205f\u200a recognised\u205f\u200a for\u205f\u200a the\u205f\u200a year\u205f\u200a 2023\u205f\u200a is\u205f\u200a
\nEUR 0.4 million.
\nNo\u205f\u200aother\u205f\u200asignificant\u205f\u200atransaction\u205f\u200ahas\u205f\u200abeen\u205f\u200anoted\u205f\u200awith\u205f\u200a
\nthe\u205f\u200a parent\u205f\u200a company\u205f\u200a Socfin,\u205f\u200a with\u205f\u200a the\u205f\u200a exception\u205f\u200a of\u205f\u200a
\nthe\u205f\u200apayment\u205f\u200aof\u205f\u200adividends\u205f\u200aby\u205f\u200aSocfinasia\u205f\u200aamounting\u205f\u200ato\u205f\u200a
\nEUR\u205f\u200a34.2\u205f\u200amillion\u205f\u200ain\u205f\u200a2022\u205f\u200aand\u205f\u200aEUR\u205f\u200a39.9\u205f\u200amillion\u205f\u200ain\u205f\u200a2023.\u205f\u200a
\nIn\u205f\u200aaddition,\u205f\u200aSocfinde\u205f\u200ahas\u205f\u200aa\u205f\u200apayable\u205f\u200aof\u205f\u200aEUR\u205f\u200a5.9\u205f\u200amillion\u205f\u200a
\nwith\u205f\u200athe\u205f\u200aparent\u205f\u200acompany\u205f\u200aas\u205f\u200aat\u205f\u200a31\u205f\u200aDecember\u205f\u200a2023.
\nAs\u205f\u200a at\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a Socfinde\u205f\u200a has\u205f\u200a an\u205f\u200a amount\u205f\u200a
\npayable\u205f\u200aof\u205f\u200aEUR\u205f\u200a15.9\u205f\u200amillion\u205f\u200atowards\u205f\u200aSocfinaf\u205f\u200aand\u205f\u200aits\u205f\u200a
\nsubsidiaries\u205f\u200a(2022:\u205f\u200aEUR\u205f\u200a0.3\u205f\u200amillion).
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag21": {
"value": "\n* Directors\u2019 remuneration
\n2023 2022
\n EUR EUR
\nShort-term\u205f\u200abenefits
\n11,674,417 15,278,115
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag22": {
"value": "\n
\n\nNote 32. Off balance sheet commitments
\nIn\u205f\u200a February\u205f\u200a 2023,\u205f\u200a PNS\u205f\u200a Ltd\u205f\u200a fully\u205f\u200a reimbursed\u205f\u200a
\nthe\u205f\u200a remaining\u205f\u200a balance\u205f\u200a (USD\u205f\u200a 30\u205f\u200a million)\u205f\u200a of\u205f\u200a the\u205f\u200a
\nUSD\u205f\u200a100\u205f\u200amillion\u205f\u200aloan\u205f\u200aobtained\u205f\u200ain\u205f\u200a2021.\u205f\u200aFollowing\u205f\u200athis\u205f\u200a
\nreimbursement,\u205f\u200athe\u205f\u200aGroup\u205f\u200ano\u205f\u200alonger\u205f\u200ahas\u205f\u200amaterial\u205f\u200aoff\u205f\u200a
\nbalance\u205f\u200asheet\u205f\u200acommitments\u205f\u200aas\u205f\u200aat\u205f\u200a2023\u205f\u200ayear-end.
\n
\n\n\n
\n\n\n
\n\nNote 36. Contingent liabilities
\n1 Litigation\u205f\u200aagainst\u205f\u200athe\u205f\u200aBelgian\u205f\u200aFederal\u205f\u200aPublic\u205f\u200aService\u205f\u200a
\nFinance\u205f\u200a(Corporate\u205f\u200aTax)
\nThe\u205f\u200a company\u205f\u200a SOCFICOM\u205f\u200a (\u201cSocficom\u201d),\u205f\u200a a\u205f\u200a public\u205f\u200a
\nlimited\u205f\u200a company\u205f\u200a incorporated\u205f\u200a under\u205f\u200a Liechtenstein\u205f\u200a
\nlaw\u205f\u200aand\u205f\u200aa\u205f\u200asubsidiary\u205f\u200aof\u205f\u200athe\u205f\u200aGroup,\u205f\u200awas\u205f\u200athe\u205f\u200asubject\u205f\u200aof\u205f\u200a
\ncriminal\u205f\u200a proceedings\u205f\u200a initiated\u205f\u200a by\u205f\u200a the\u205f\u200a Belgian\u205f\u200a Public\u205f\u200a
\nProsecutor\u2019s\u205f\u200aOffice.
\nThe\u205f\u200a main\u205f\u200a accusation\u205f\u200a against\u205f\u200a Socficom\u205f\u200a was\u205f\u200a that\u205f\u200a the\u205f\u200a
\nBelgian\u205f\u200a Public\u205f\u200a Prosecutor\u2019s\u205f\u200a Office\u205f\u200a considered\u205f\u200a that\u205f\u200a
\nSocficom\u205f\u200awas\u205f\u200aa\u205f\u200a\u201cBelgian\u205f\u200aresident\u205f\u200acompany\u201d,\u205f\u200asubject\u205f\u200a
\nto Belgian corporate income tax.
\nSocficom\u205f\u200awas\u205f\u200aacquitted,\u205f\u200afollowing\u205f\u200aa\u205f\u200aruling\u205f\u200aby\u205f\u200athe\u205f\u200a11th\u205f\u200a
\nChamber of the Brussels Court of Appeal, sitting in
\ncorrectional\u205f\u200amatters,\u205f\u200adated\u205f\u200afrom\u205f\u200a23\u205f\u200aOctober\u205f\u200a2018.\u205f\u200aThe\u205f\u200a
\nCourt\u205f\u200aruled\u205f\u200athat\u205f\u200a\u201cit\u205f\u200ais\u205f\u200aclear\u205f\u200afrom\u205f\u200aall\u205f\u200athese\u205f\u200aelements\u205f\u200a
\nthat\u205f\u200athe\u205f\u200areal\u205f\u200aseat\u205f\u200aof\u205f\u200athe\u205f\u200adefendant\u205f\u200aSocficom\u205f\u200ais\u205f\u200aindeed\u205f\u200a
\nestablished\u205f\u200a in\u205f\u200a Liechtenstein\u205f\u200aand\u205f\u200a that\u205f\u200a nothing\u205f\u200aallows\u205f\u200a
\nit\u205f\u200ato\u205f\u200abe\u205f\u200alocated\u205f\u200ain\u205f\u200aBrussels\u201d.\u205f\u200aThe\u205f\u200aPublic\u205f\u200aProsecutor\u2019s\u205f\u200a
\nOffice\u205f\u200adid\u205f\u200anot\u205f\u200aappeal\u205f\u200aagainst\u205f\u200athis\u205f\u200ajudgement\u205f\u200aand\u205f\u200athis\u205f\u200a
\ndecision\u205f\u200ais\u205f\u200atherefore\u205f\u200afinal.
\nHowever,\u205f\u200a the\u205f\u200a Federal\u205f\u200a Public\u205f\u200a Service\u205f\u200a Finance,\u205f\u200a relied\u205f\u200a
\nexclusively\u205f\u200aon\u205f\u200athe\u205f\u200ainvestigation\u205f\u200afile\u205f\u200asubmitted\u205f\u200aby\u205f\u200athe\u205f\u200a
\nBelgian\u205f\u200aPublic\u205f\u200aProsecutor\u2019s\u205f\u200aOffice\u205f\u200ain\u205f\u200acriminal\u205f\u200amatters.\u205f\u200a
\nThe\u205f\u200aformer\u205f\u200atherefore\u205f\u200amaintains\u205f\u200athat\u205f\u200aSocficom\u205f\u200ameets\u205f\u200a
\nthe\u205f\u200aconditions\u205f\u200ato\u205f\u200abe\u205f\u200aliable\u205f\u200ato\u205f\u200acorporate\u205f\u200aincome\u205f\u200atax\u205f\u200ain\u205f\u200a
\nBelgium.\u205f\u200aThe\u205f\u200aFederal\u205f\u200aPublic\u205f\u200aService\u205f\u200aFinance\u205f\u200aconsiders\u205f\u200a
\nthat\u205f\u200a Socficom\u205f\u200a is\u205f\u200a effectively\u205f\u200a managed\u205f\u200a from\u205f\u200a Belgium\u205f\u200a
\nand\u205f\u200athat\u205f\u200aall\u205f\u200aits\u205f\u200aactivities\u205f\u200aare\u205f\u200acarried\u205f\u200aout\u205f\u200athere.\u205f\u200a
\nSocficom\u205f\u200a was\u205f\u200a therefore\u205f\u200a automatically\u205f\u200a assessed\u205f\u200a with\u205f\u200a
\ncorporate income tax on 4 January 2012, for the tax
\nyears 2004 to 2009 for an amount of EUR 77,343,783,
\nexcluding\u205f\u200alate\u205f\u200apayment\u205f\u200ainterest\u205f\u200aat\u205f\u200aan\u205f\u200aannual\u205f\u200arate\u205f\u200aof\u205f\u200a
\n7%\u205f\u200areduced\u205f\u200ato\u205f\u200a4%\u205f\u200aas\u205f\u200afrom\u205f\u200a1\u205f\u200aJanuary\u205f\u200a2018.
\nOn\u205f\u200a 5\u205f\u200a April\u205f\u200a 2013,\u205f\u200a Socficom\u205f\u200a filed\u205f\u200a a\u205f\u200a tax\u205f\u200a claim\u205f\u200a against\u205f\u200a
\nthe\u205f\u200a6\u205f\u200aex\u205f\u200aofficio\u205f\u200atax\u205f\u200aassessments.\u205f\u200aThese\u205f\u200a6\u205f\u200aclaims\u205f\u200awere\u205f\u200a
\ndeclared\u205f\u200aadmissible,\u205f\u200abut\u205f\u200awere\u205f\u200arejected.
\nSocficom\u205f\u200a filed\u205f\u200a an\u205f\u200a action\u205f\u200a before\u205f\u200a the\u205f\u200a \u201cTribunal\u205f\u200a de\u205f\u200a
\npremi\u00e8re\u205f\u200ainstance\u205f\u200afrancophone\u201d\u205f\u200aof\u205f\u200aBrussels.\u205f\u200a
\nThe\u205f\u200a \u201cTribunal\u205f\u200a de\u205f\u200a premi\u00e8re\u205f\u200a instance\u205f\u200a francophone\u201d\u205f\u200a
\nof\u205f\u200aBrussels,\u205f\u200aby\u205f\u200ajudgement\u205f\u200adated\u205f\u200afrom\u205f\u200a26\u205f\u200aApril\u205f\u200a2019,\u205f\u200a
\ndeclared\u205f\u200a the\u205f\u200a claim\u205f\u200aadmissible\u205f\u200a and\u205f\u200apartially\u205f\u200a founded\u205f\u200a
\n
\n\n\n
\n\n\n
\n\ninsofar\u205f\u200aas\u205f\u200ait\u205f\u200aordered\u205f\u200athe\u205f\u200apartial\u205f\u200arelief\u205f\u200aof\u205f\u200athe\u205f\u200adisputed\u205f\u200a
\ntaxes.
\nSocficom\u205f\u200a considers\u205f\u200a that\u205f\u200a this\u205f\u200a decision,\u205f\u200a although\u205f\u200a
\npartially\u205f\u200a favourable\u205f\u200a to\u205f\u200a the\u205f\u200a argument\u205f\u200a it\u205f\u200a defended\u205f\u200a
\nbefore the Court, is not satisfactory, given the
\nacquittal\u205f\u200adecision\u205f\u200areferred\u205f\u200ato\u205f\u200aabove.
\nThe\u205f\u200atax\u205f\u200aauthorities\u205f\u200awant\u205f\u200ato\u205f\u200atax\u205f\u200aSocficom\u205f\u200aexclusively\u205f\u200a
\non\u205f\u200athe\u205f\u200a basis\u205f\u200a of\u205f\u200athe\u205f\u200a elements\u205f\u200ain\u205f\u200athe\u205f\u200acriminal\u205f\u200a file,\u205f\u200a as\u205f\u200a
\nthe\u205f\u200a tax\u205f\u200a file\u205f\u200a does\u205f\u200a not\u205f\u200a contain\u205f\u200a any\u205f\u200a \u201cnew\u205f\u200a claims\u201d\u205f\u200a in\u205f\u200a
\nrelation\u205f\u200ato\u205f\u200athe\u205f\u200acriminal\u205f\u200aproceedings.\u205f\u200aThe\u205f\u200afacts\u205f\u200ajudged\u205f\u200a
\nin\u205f\u200athe\u205f\u200atax\u205f\u200aproceedings\u205f\u200ahave\u205f\u200aalready\u205f\u200abeen\u205f\u200adecided\u205f\u200aby\u205f\u200a
\nthe\u205f\u200a Court\u205f\u200a of\u205f\u200a Appeal\u205f\u200a (correctional\u205f\u200a chamber)\u205f\u200a which\u205f\u200a
\nacquitted\u205f\u200aSocficom\u205f\u200aand\u205f\u200athe\u205f\u200aother\u205f\u200adefendants.
\nThe\u205f\u200aCourt\u205f\u200acould\u205f\u200atherefore\u205f\u200anot\u205f\u200aagree\u205f\u200awith\u205f\u200athe\u205f\u200atax\u205f\u200aoffice\u205f\u200a
\non\u205f\u200athe\u205f\u200a basis\u205f\u200a of\u205f\u200adocuments,\u205f\u200a observations\u205f\u200aor\u205f\u200afindings,\u205f\u200a
\nwithout\u205f\u200a taking\u205f\u200a into\u205f\u200a consideration\u205f\u200a the\u205f\u200a judgement\u205f\u200a of\u205f\u200a
\nthe Court of Appeal of 23 October 2018. The Brussels
\nTax\u205f\u200a Court\u205f\u200a has\u205f\u200a\u201cre-heard\u201d\u205f\u200a the\u205f\u200a criminal\u205f\u200a case\u205f\u200a ignoring\u205f\u200a
\nthe\u205f\u200a acquittal\u205f\u200a of\u205f\u200a the\u205f\u200a 11th\u205f\u200a Chamber\u205f\u200a of\u205f\u200a the\u205f\u200a Brussels\u205f\u200a
\nCourt of Appeal.
\nSocficom\u205f\u200ahas\u205f\u200atherefore\u205f\u200adecided\u205f\u200ato\u205f\u200aappeal\u205f\u200aagainst\u205f\u200athe\u205f\u200a
\ntax\u205f\u200ajudgement\u205f\u200ain\u205f\u200aorder\u205f\u200ato\u205f\u200arequest\u205f\u200athat\u205f\u200athe\u205f\u200aCourt\u205f\u200agrants\u205f\u200a
\nthe\u205f\u200arequest\u205f\u200ainitially\u205f\u200aformulated\u205f\u200aby\u205f\u200athe\u205f\u200acompany,\u205f\u200ai.e.\u205f\u200a
\nto\u205f\u200aorder\u205f\u200athe\u205f\u200acomplete\u205f\u200acancellation\u205f\u200aof\u205f\u200athe\u205f\u200arelief\u205f\u200aof\u205f\u200athe\u205f\u200a
\ndisputed\u205f\u200ataxes.
\nTax\u205f\u200a judgements\u205f\u200a that\u205f\u200a are\u205f\u200a appealed\u205f\u200a against\u205f\u200a are\u205f\u200a not\u205f\u200a
\nenforceable\u205f\u200auntil\u205f\u200athe\u205f\u200aCourt\u205f\u200ahas\u205f\u200aruled\u205f\u200aon\u205f\u200athem.\u205f\u200a
\nThe\u205f\u200aamounts\u205f\u200a initially\u205f\u200a claimed\u205f\u200aby\u205f\u200a the\u205f\u200atax\u205f\u200a authorities\u205f\u200a
\nfrom\u205f\u200a Socficom\u205f\u200a amounted\u205f\u200a to\u205f\u200a EUR\u205f\u200a 77,343,783,\u205f\u200a
\nexcluding\u205f\u200ainterest\u205f\u200a(see\u205f\u200aabove),\u205f\u200afrom\u205f\u200awhich\u205f\u200ait\u205f\u200amust\u205f\u200abe\u205f\u200a
\ndeducted\u205f\u200athe\u205f\u200arelief\u205f\u200agranted\u205f\u200aby\u205f\u200athe\u205f\u200aCourt\u205f\u200aamounting\u205f\u200a
\nto EUR 50,000,000.
\nThe\u205f\u200a company\u2019s\u205f\u200a counsel\u205f\u200a and\u205f\u200a Group\u205f\u200a management\u205f\u200a are\u205f\u200a
\nof\u205f\u200a the\u205f\u200a opinion\u205f\u200athat\u205f\u200athe\u205f\u200a Court\u205f\u200a of\u205f\u200aAppeal\u205f\u200a should\u205f\u200afully\u205f\u200a
\ncancel\u205f\u200a these\u205f\u200a taxes,\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a acquittal\u205f\u200a decision\u205f\u200a
\nof\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal,\u205f\u200aCorrectional\u205f\u200aChamber,\u205f\u200adating\u205f\u200a
\nfrom\u205f\u200a23\u205f\u200aOctober\u205f\u200a2018\u205f\u200awhich\u205f\u200aconfirms:\u205f\u200a\u201cthat\u205f\u200athe\u205f\u200areal\u205f\u200a
\nseat\u205f\u200aof\u205f\u200athe\u205f\u200adefendant\u205f\u200aSocficom\u205f\u200ais\u205f\u200aindeed\u205f\u200aestablished\u205f\u200a
\nin\u205f\u200a Liechtenstein\u205f\u200a and\u205f\u200a that\u205f\u200a there\u205f\u200a is\u205f\u200a no\u205f\u200a reason\u205f\u200a to\u205f\u200a
\nlocate\u205f\u200a it\u205f\u200a in\u205f\u200a Brussels\u201d.\u205f\u200a Based\u205f\u200a on\u205f\u200a these\u205f\u200a elements,\u205f\u200a
\nthe management is of the opinion that no provision
\nshould\u205f\u200abe\u205f\u200arecorded\u205f\u200aas\u205f\u200athe\u205f\u200aprobability\u205f\u200aof\u205f\u200aan\u205f\u200aoutflow\u205f\u200aof\u205f\u200a
\nfinancial\u205f\u200aresources\u205f\u200aby\u205f\u200athe\u205f\u200aGroup\u205f\u200a is\u205f\u200a low.\u205f\u200aThe\u205f\u200afindings\u205f\u200a
\nof\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal\u205f\u200aare\u205f\u200anot\u205f\u200aexpected\u205f\u200abefore\u205f\u200a2024.
\n2. Litigation\u205f\u200aagainst\u205f\u200athe\u205f\u200aBelgian\u205f\u200aFederal\u205f\u200aPublic\u205f\u200aService\u205f\u200a
\nFinance\u205f\u200a(VAT)
\nAs\u205f\u200a described\u205f\u200a above,\u205f\u200a the\u205f\u200a Federal\u205f\u200a Public\u205f\u200a Service\u205f\u200a
\nFinance\u205f\u200amaintains\u205f\u200athat\u205f\u200aSocficom\u205f\u200ais\u205f\u200aa\u205f\u200aBelgian\u205f\u200aresident\u205f\u200a
\ncompany. The tax authorities are claiming VAT of
\nEUR\u205f\u200a3,054,160.15\u205f\u200afor\u205f\u200athe\u205f\u200ayears\u205f\u200a2006,\u205f\u200a2007,\u205f\u200a2008\u205f\u200aand\u205f\u200a
\n2009,\u205f\u200aadding\u205f\u200ato\u205f\u200athis\u205f\u200atax\u205f\u200afines\u205f\u200aand\u205f\u200ainterest\u205f\u200aat\u205f\u200aa\u205f\u200arate\u205f\u200aof\u205f\u200a
\n0.8%\u205f\u200aper\u205f\u200amonth\u205f\u200aas\u205f\u200afrom\u205f\u200a20\u205f\u200aJanuary\u205f\u200a2010.\u205f\u200a
\nThe\u205f\u200aamounts\u205f\u200aclaimed\u205f\u200aamount\u205f\u200ato\u205f\u200aEUR\u205f\u200a10,310,844.61,\u205f\u200a
\nsplit\u205f\u200aas\u205f\u200afollows:
\n-\u205f\u200a\u205f\u200aEUR\u205f\u200a3,054,160\u205f\u200afor\u205f\u200aVAT\u205f\u200a
\n-\u205f\u200a\u205f\u200aEUR\u205f\u200a1,148,364\u205f\u200ain\u205f\u200ainterest\u205f\u200a
\n-\u205f\u200a\u205f\u200aEUR\u205f\u200a6,108,320\u205f\u200ain\u205f\u200afines\u205f\u200a
\n-\u205f\u200a\u205f\u200aplus\u205f\u200ainterest\u205f\u200afor\u205f\u200alate\u205f\u200apayment\u205f\u200ato\u205f\u200abe\u205f\u200acalculated\u205f\u200aon\u205f\u200a
\nthe\u205f\u200aVAT\u205f\u200adue\u205f\u200afrom\u205f\u200a21\u205f\u200aDecember\u205f\u200a2013.
\nSocficom\u205f\u200acontested\u205f\u200athis\u205f\u200atax\u205f\u200abefore\u205f\u200athe\u205f\u200aBrussels\u205f\u200aCourt\u205f\u200a
\nof First Instance.
\nThe\u205f\u200a Court\u205f\u200a declared\u205f\u200a the\u205f\u200a claim\u205f\u200a admissible\u205f\u200a and\u205f\u200a
\npartially\u205f\u200a founded\u205f\u200a insofar\u205f\u200a as\u205f\u200a it\u205f\u200a cancelled\u205f\u200a the\u205f\u200a fines\u205f\u200a
\nof\u205f\u200a EUR\u205f\u200a 6,108,320\u205f\u200a and\u205f\u200a the\u205f\u200a interest\u205f\u200a charged\u205f\u200a on\u205f\u200a this\u205f\u200a
\namount.
\nSocficom\u205f\u200a considers\u205f\u200a that\u205f\u200a this\u205f\u200a decision,\u205f\u200a although\u205f\u200a
\npartially\u205f\u200a favorable\u205f\u200a to\u205f\u200a the\u205f\u200a case\u205f\u200a it\u205f\u200a defended\u205f\u200a before\u205f\u200a
\nthe\u205f\u200aCourt,\u205f\u200ais\u205f\u200anot\u205f\u200asatisfactory\u205f\u200asince\u205f\u200ait\u205f\u200awas\u205f\u200agranted\u205f\u200athe\u205f\u200a
\nacquittal\u205f\u200a following\u205f\u200a the\u205f\u200a judgement\u205f\u200a rendered\u205f\u200a by\u205f\u200a the\u205f\u200a
\n11th\u205f\u200aChamber\u205f\u200aof\u205f\u200athe\u205f\u200aBrussels\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal\u205f\u200adating\u205f\u200a
\nfrom 23 October 2018.
\nIn\u205f\u200aorder\u205f\u200ato\u205f\u200aclaim\u205f\u200athe\u205f\u200adisputed\u205f\u200aVAT\u205f\u200afrom\u205f\u200aSocficom,\u205f\u200athe\u205f\u200a
\ntax\u205f\u200a authorities\u205f\u200a based\u205f\u200a themselves\u205f\u200a exclusively\u205f\u200a on\u205f\u200a the\u205f\u200a
\ncriminal\u205f\u200a file.\u205f\u200a However,\u205f\u200a the\u205f\u200a Brussels\u205f\u200a Court\u205f\u200a could\u205f\u200a not\u205f\u200a
\nignore\u205f\u200a the\u205f\u200a acquittal\u205f\u200a decision\u205f\u200aand\u205f\u200a condemn\u205f\u200a Socficom\u205f\u200a
\nwithout\u205f\u200ataking\u205f\u200ainto\u205f\u200aaccount\u205f\u200athe\u205f\u200afinal\u205f\u200aand\u205f\u200ares\u205f\u200ajudicata\u205f\u200a
\njudgement\u205f\u200aof\u205f\u200athe\u205f\u200aBrussels\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal.
\nIn the absence of new elements brought by the tax
\nauthorities\u205f\u200a and\u205f\u200a having\u205f\u200a an\u205f\u200a impact\u205f\u200a on\u205f\u200a the\u205f\u200a outcome\u205f\u200a
\nof\u205f\u200a the\u205f\u200a trial,\u205f\u200a the\u205f\u200a decision\u205f\u200a of\u205f\u200a the\u205f\u200a Court\u205f\u200a of\u205f\u200aAppeal\u205f\u200a of\u205f\u200a
\n23\u205f\u200a October\u205f\u200a 2018\u205f\u200a could\u205f\u200a not\u205f\u200a be\u205f\u200a challenged\u205f\u200a and\u205f\u200a is\u205f\u200a
\nbinding\u205f\u200aon\u205f\u200athe\u205f\u200aCourt.
\nSocficom\u205f\u200atherefore\u205f\u200adecided\u205f\u200ato\u205f\u200aappeal\u205f\u200athe\u205f\u200atax\u205f\u200aruling\u205f\u200ain\u205f\u200a
\norder\u205f\u200ato\u205f\u200arequest\u205f\u200athat\u205f\u200athe\u205f\u200aCourt\u205f\u200ato\u205f\u200agrant\u205f\u200athe\u205f\u200arequest\u205f\u200a
\ninitially\u205f\u200a made\u205f\u200a by\u205f\u200a the\u205f\u200a company,\u205f\u200a i.e.\u205f\u200a to\u205f\u200a order\u205f\u200a a\u205f\u200a tax\u205f\u200a
\nrelief\u205f\u200afor\u205f\u200athe\u205f\u200adisputed\u205f\u200ataxes.
\n
\n\n\n
\n\n\n
\n\nThe\u205f\u200aCompany\u2019s\u205f\u200acounsel\u205f\u200aand\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200amanagement\u205f\u200a
\nare\u205f\u200aof\u205f\u200athe\u205f\u200aopinion\u205f\u200athat\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal\u205f\u200ashould\u205f\u200afully\u205f\u200a
\ncancel\u205f\u200a these\u205f\u200a taxes,\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a acquittal\u205f\u200a decision\u205f\u200a
\nof\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal,\u205f\u200aCorrectional\u205f\u200aChamber,\u205f\u200adating\u205f\u200a
\nfrom\u205f\u200a23\u205f\u200aOctober\u205f\u200a2018,\u205f\u200awhich\u205f\u200aconfirms:\u205f\u200a\u201cthat\u205f\u200athe\u205f\u200areal\u205f\u200a
\nseat\u205f\u200aof\u205f\u200athe\u205f\u200adefendant\u205f\u200aSocficom\u205f\u200ais\u205f\u200aindeed\u205f\u200aestablished\u205f\u200a
\nin\u205f\u200aLiechtenstein\u205f\u200aand\u205f\u200athat\u205f\u200athere\u205f\u200ais\u205f\u200ano\u205f\u200areason\u205f\u200ato\u205f\u200alocate\u205f\u200a
\nit\u205f\u200ain\u205f\u200aBrussels\".\u205f\u200aBased\u205f\u200aon\u205f\u200athese\u205f\u200aelements,\u205f\u200amanagement\u205f\u200a
\nis\u205f\u200aof\u205f\u200athe\u205f\u200aopinion\u205f\u200athat\u205f\u200ano\u205f\u200aprovision\u205f\u200ashould\u205f\u200abe\u205f\u200arecorded\u205f\u200a
\nas\u205f\u200athe\u205f\u200aprobability\u205f\u200aof\u205f\u200aan\u205f\u200aoutflow\u205f\u200aof\u205f\u200afinancial\u205f\u200aresources\u205f\u200a
\nby\u205f\u200athe\u205f\u200aGroup\u205f\u200ais\u205f\u200alow.\u205f\u200aThe\u205f\u200afindings\u205f\u200aof\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal\u205f\u200a
\nare\u205f\u200anot\u205f\u200aexpected\u205f\u200abefore\u205f\u200a2024.
\n
\n\n\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag23": {
"value": "\nNote 32. Off balance sheet commitments
\nIn\u205f\u200a February\u205f\u200a 2023,\u205f\u200a PNS\u205f\u200a Ltd\u205f\u200a fully\u205f\u200a reimbursed\u205f\u200a
\nthe\u205f\u200a remaining\u205f\u200a balance\u205f\u200a (USD\u205f\u200a 30\u205f\u200a million)\u205f\u200a of\u205f\u200a the\u205f\u200a
\nUSD\u205f\u200a100\u205f\u200amillion\u205f\u200aloan\u205f\u200aobtained\u205f\u200ain\u205f\u200a2021.\u205f\u200aFollowing\u205f\u200athis\u205f\u200a
\nreimbursement,\u205f\u200athe\u205f\u200aGroup\u205f\u200ano\u205f\u200alonger\u205f\u200ahas\u205f\u200amaterial\u205f\u200aoff\u205f\u200a
\nbalance\u205f\u200asheet\u205f\u200acommitments\u205f\u200aas\u205f\u200aat\u205f\u200a2023\u205f\u200ayear-end.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag24": {
"value": "\nNote 33. Segment information
\nIn\u205f\u200aaccordance\u205f\u200awith\u205f\u200aIFRS
\nG
\n 8, the analysis of information
\nby\u205f\u200a management\u205f\u200a is\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a geographical\u205f\u200a
\ndistribution\u205f\u200aof\u205f\u200apolitical\u205f\u200aand\u205f\u200aeconomic\u205f\u200arisks.\u205f\u200aAs\u205f\u200aa\u205f\u200aresult,\u205f\u200a
\nthe\u205f\u200asectors\u205f\u200aare\u205f\u200aIndonesia,\u205f\u200aCambodia\u205f\u200aand\u205f\u200aEurope.
\nThe\u205f\u200aproducts\u205f\u200aof\u205f\u200athe\u205f\u200aoperating\u205f\u200asector\u205f\u200afrom\u205f\u200a Indonesia\u205f\u200a
\ncome\u205f\u200afrom\u205f\u200asales\u205f\u200aof\u205f\u200a palm\u205f\u200aoil\u205f\u200aand\u205f\u200arubber.\u205f\u200aThose\u205f\u200afrom\u205f\u200a
\nCambodia\u205f\u200acome\u205f\u200a exclusively\u205f\u200a from\u205f\u200a the\u205f\u200asale\u205f\u200aof\u205f\u200arubber,\u205f\u200a
\nthose\u205f\u200afrom\u205f\u200aEurope\u205f\u200afrom\u205f\u200athe\u205f\u200aprovision\u205f\u200aof\u205f\u200aadministrative\u205f\u200a
\nservices,\u205f\u200a assistance\u205f\u200a in\u205f\u200a managing\u205f\u200a the\u205f\u200a areas\u205f\u200a under\u205f\u200a
\nplantation\u205f\u200aand\u205f\u200a the\u205f\u200a marketing\u205f\u200aof\u205f\u200a products\u205f\u200aoutside\u205f\u200a of\u205f\u200a
\nthe\u205f\u200a Group.\u205f\u200a The\u205f\u200a segment\u205f\u200a profit\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u205f\u200a is\u205f\u200a the\u205f\u200a
\nprofit\u205f\u200afrom\u205f\u200aoperations.
\nThe\u205f\u200astated\u205f\u200a figures\u205f\u200a originate\u205f\u200a from\u205f\u200ainternal\u205f\u200a reporting.\u205f\u200a
\nSince\u205f\u200a they\u205f\u200a do\u205f\u200a not\u205f\u200a reflect\u205f\u200aany\u205f\u200a consolidation\u205f\u200a or\u205f\u200a IFRS
\nG
\n
\nadjustments\u205f\u200a or\u205f\u200a adjustments,\u205f\u200a they\u205f\u200a are\u205f\u200a not\u205f\u200a directly\u205f\u200a
\ncomparable\u205f\u200ato\u205f\u200aamounts\u205f\u200areported\u205f\u200ain\u205f\u200athe\u205f\u200aconsolidated\u205f\u200a
\nstatement\u205f\u200a of\u205f\u200a the\u205f\u200a financial\u205f\u200a position\u205f\u200a and\u205f\u200a income\u205f\u200a
\nstatement.
\n* Segmental breakdown of profit / (loss) as at 31 December 2022
\nEUR
\nRevenue from
\nordinary business
\nwith external
\ncustomers
\nRevenue from
\nordinary business
\nbetween segments
\nSegmental profit /
\n(loss) (*)
\nEurope
\n0 0 -2,502,234
\nCambodia
\n8,164,138 0 -2,490,942
\nIndonesia
\n193,795,812 0 91,818,347
\nTOTAL
\n201,959,951 0 86,825,171
\nDepreciation,\u205f\u200aamortisation\u205f\u200aand\u205f\u200aimpairment\u205f\u200aof\u205f\u200abearer\u205f\u200aplants
\n -25,063,440
\nFair\u205f\u200avalue\u205f\u200aof\u205f\u200aagricultural\u205f\u200aproduction
\n 1,754,937
\nOther IFRS
\nG
\n\u205f\u200aadjustments
\n -1,509,266
\nConsolidation\u205f\u200aadjustments\u205f\u200a(intra-group\u205f\u200aand\u205f\u200aothers)
\n -6,262,500
\nFinancial\u205f\u200aincome\u205f\u200aand\u205f\u200again\u205f\u200aon\u205f\u200adisposals
\n 27,177,257
\nFinancial\u205f\u200aexpenses\u205f\u200aand\u205f\u200aloss\u205f\u200aon\u205f\u200adisposals
\n -9,096,429
\nGroup share of income from associates
\n 10,844,143
\nIncome\u205f\u200atax\u205f\u200aexpense\u205f\u200aand\u205f\u200adeferred\u205f\u200atax\u205f\u200a(expense)\u205f\u200a/\u205f\u200aincome
\n -29,389,546
\n
\nNet Profit / (loss) for the period
\n55,280,328
\n(*)\u205f\u200a \u205f\u200aProfit\u205f\u200a/\u205f\u200a(loss)\u205f\u200afor\u205f\u200athe\u205f\u200aperiod\u205f\u200ainclude\u205f\u200aother\u205f\u200aexpenses\u205f\u200afor\u205f\u200aEUR\u205f\u200a14.9\u205f\u200amillion,\u205f\u200acorresponding\u205f\u200amainly\u205f\u200ato\u205f\u200aexternal\u205f\u200aservices\u205f\u200ainvoiced\u205f\u200a
\nto\u205f\u200aplantations\u205f\u200aand\u205f\u200arelated\u205f\u200adirectly\u205f\u200ato\u205f\u200athe\u205f\u200aoperational\u205f\u200aactivity\u205f\u200a(road\u205f\u200amaintenance,\u205f\u200a\u2026),\u205f\u200aand\u205f\u200aother\u205f\u200aoperating\u205f\u200aexpenses\u205f\u200afor\u205f\u200a
\nEUR\u205f\u200a4.8\u205f\u200amillion\u205f\u200anot\u205f\u200arelated\u205f\u200adirectly\u205f\u200ato\u205f\u200athe\u205f\u200aoperational\u205f\u200aactivity\u205f\u200a(other\u205f\u200ataxes,\u205f\u200aproperty\u205f\u200ataxes,\u205f\u200a\u2026).
\n
\n\n\n* Segmental breakdown of profit/(loss) as at 31 December 2023
\nEUR
\nRevenue from
\nordinary business
\nwith external
\ncustomers
\nRevenue from
\nordinary business
\nbetween segments
\nSegmental profit /
\n(loss) (*)
\nEurope
\n0 0 -2,750,620
\nCambodia
\n10,777,027 0 160,349
\nIndonesia
\n167,746,950 0 68,542,397
\nTOTAL
\n178,523,977 0 65,952,125
\nDepreciation,\u205f\u200aamortisation\u205f\u200aand\u205f\u200aimpairment\u205f\u200aof\u205f\u200abearer\u205f\u200aplants
\n896,304
\nFair\u205f\u200avalue\u205f\u200aof\u205f\u200aagricultural\u205f\u200aproduction
\n 1,479,483
\nOther IFRS
\nG
\n\u205f\u200aadjustments
\n 641,536
\nConsolidation\u205f\u200aadjustments\u205f\u200a(intra-group\u205f\u200aand\u205f\u200aothers)
\n -6,984,289
\nFinancial\u205f\u200aincome\u205f\u200aand\u205f\u200again\u205f\u200aon\u205f\u200adisposals
\n 12,105,421
\nFinancial\u205f\u200aexpenses\u205f\u200aand\u205f\u200aloss\u205f\u200aon\u205f\u200adisposals
\n -8,566,165
\nGroup share of income from associates
\n 5,890,456
\nIncome\u205f\u200atax\u205f\u200aexpense\u205f\u200aand\u205f\u200adeferred\u205f\u200atax\u205f\u200a(expense)\u205f\u200a/\u205f\u200aincome
\n-19,696,109
\nNet Profit / (loss) for the period
\n51,718,763
\n(*)\u205f\u200a \u205f\u200aProfit\u205f\u200a/\u205f\u200a(loss)\u205f\u200afor\u205f\u200athe\u205f\u200aperiod\u205f\u200ainclude\u205f\u200aother\u205f\u200aexpenses\u205f\u200afor\u205f\u200aEUR\u205f\u200a17.1\u205f\u200amillion,\u205f\u200acorresponding\u205f\u200amainly\u205f\u200ato\u205f\u200aexternal\u205f\u200aservices\u205f\u200ainvoiced\u205f\u200a
\nto\u205f\u200aplantations\u205f\u200aand\u205f\u200arelated\u205f\u200adirectly\u205f\u200ato\u205f\u200athe\u205f\u200aoperational\u205f\u200aactivity\u205f\u200a(road\u205f\u200amaintenance,\u205f\u200a\u2026),\u205f\u200aand\u205f\u200aother\u205f\u200aoperating\u205f\u200aexpenses\u205f\u200afor\u205f\u200a
\nEUR\u205f\u200a1.0\u205f\u200amillion\u205f\u200anot\u205f\u200arelated\u205f\u200adirectly\u205f\u200ato\u205f\u200athe\u205f\u200aoperational\u205f\u200aactivity\u205f\u200a(other\u205f\u200ataxes,\u205f\u200aproperty\u205f\u200ataxes,\u205f\u200a\u2026).
\n
\n\n\n* Total segmental assets
\nG
\n31/12/2023 31/12/2022
\nEUR EUR
\nEurope
\n102,405,662 82,675,979
\nCambodia
\n64,227,738 67,618,326
\nIndonesia
\n118,943,164 117,769,545
\n
\nTOTAL
\n285,576,563 268,063,851
\n
\n
\nIFRS
\nG
\n\u205f\u200a3\u205f\u200a/\u205f\u200aIAS
\nG
\n\u205f\u200a16:\u205f\u200aBearer\u205f\u200aplants
\n-23,403,793 -25,178,480
\nIAS
\nG
\n\u205f\u200a2\u205f\u200a/\u205f\u200aIAS
\nG
\n\u205f\u200a41:\u205f\u200aAgricultural\u205f\u200aproduction
\n3,130,129 1,752,466
\nOther IFRS
\nG
\n\u205f\u200aadjustments
\n-2,365,866 -1,494,716
\nConsolidation\u205f\u200aadjustments\u205f\u200a(intra-group\u205f\u200aand\u205f\u200aothers)
\n3,554,009 3,861,555
\nTotal consolidated segmental assets
\nG
\n266,491,043 247,004,675
\nConsolidated assets not included in segmental assets
\nG
\n
\nRight-of-use assets
\n2,693,850 1,866,143
\nInvestments in associates
\n22,687,671 25,588,659
\nFinancial assets at fair value through other comprehensive income
\nG
\n5,231,277 773,528
\nLong-term\u205f\u200aadvances
\n50,500,175 100,503,325
\nDeferred\u205f\u200atax
\n5,105,504 5,817,339
\nOther non-current assets
\n0 7,000,000
\nConsolidated non-current assets
\n86,218,478 141,548,993
\nOther\u205f\u200adebtors
\n9,924,597 28,426,554
\nCurrent tax assets
\n743,616 1,574,532
\nConsolidated current assets
\n10,668,213 30,001,086
\nTotal of consolidated assets in the segmental assets
\nG
\n96,886,691 171,550,080
\nTotal assets
\n363,377,733 418,554,755
\n
\n\n\n* Total segmental liabilities
\nG
\n31/12/2023 31/12/2022
\nEUR EUR
\nEurope
\n101,153,425 48,589,840
\nCambodia
\n1,239,938 1,318,995
\nIndonesia
\n24,537,641 24,094,356
\nTOTAL
\n126,931,004 74,003,191
\n
\n
\nOther IFRS
\nG
\n\u205f\u200aadjustments
\n0 0
\nConsolidation\u205f\u200aadjustments\u205f\u200a(intra-group\u205f\u200aand\u205f\u200aothers)
\n-59,868,869 -14,850,869
\nTotal consolidated segmental liabilities
\nG
\n67,062,135 59,152,322
\n
\n
\nConsolidated equity and liabilities not included in
\nsegmental liabilities
\nG
\n
\nTotal\u205f\u200aequity
\n255,574,006 279,989,406
\nNon-current liabilities
\n38,516,999 48,934,068
\nCurrent\u205f\u200afinancial\u205f\u200adebts
\n0 18,522,296
\nCurrent lease liabilities
\n27,258 28,105
\nCurrent tax liabilities
\n2,197,335 11,928,558
\nTotal consolidated equity and liabilities not included in
\nsegmental liabilities
\nG
\n296,315,599 359,402,433
\nTotal equity and liabilities
\n363,377,733 418,554,755
\n* Costs incurred for acquisition of segmental assets
\nG
\n during 2022
\nEUR Intangible assets Tangible assets Biological assets TOTAL
\nCambodia
\n0 417,668 469,391 887,059
\nIndonesia
\n635,933 5,886,190 7,013,022 13,535,145
\n
\nTOTAL
\n635,933 6,303,858 7,482,413 14,422,204
\n* Costs incurred for acquisition of segmental assets
\nG
\n during 2023
\nEUR Intangible assets Tangible assets Biological assets TOTAL
\nCambodia
\n0 480,750 426,311 907,061
\nIndonesia
\n1,172,057 5,368,272 9,562,007 16,102,337
\n
\nTOTAL
\n1,172,057 5,849,022 9,988,318 17,009,398
\n
\n\n\n* Information by category of revenue
\n2023 2022
\nEUR EUR
\nPalm
\n150,895,839 170,873,347
\nRubber
\n20,651,439 22,322,007
\nOther agricultural activities
\n6,468,850 7,435,188
\nOthers
\n507,849 1,329,409
\n
\nTOTAL
\n178,523,977 201,959,951
\n* Information by geographical region
\nEUR
\n2022
\nGeographical
\nlocation
\nOrigin Europe Africa Asia America TOTAL
\n Asia 13,092,428 785,781 187,277,153 804,588 201,959,951
\nEUR
\n2023
\nGeographical
\nlocation
\nOrigin Europe Africa Asia America TOTAL
\nAsia 8,949,515 228,540 169,310,539 35,384 178,523,978
\n* Information by business segment by revenue category
\nEUR
\n2022
\nCategory
\nBusiness Segment Palm Rubber
\nOther agricultural
\nproducts TOTAL
\nIndonesia
\n170,873,251 14,157,861 8,764,701 193,795,812
\nCambodia
\n0 8,164,138 0 8,164,138
\n
\n
\nTOTAL
\n170,873,251 22,322,000 8,764,701 201,959,951
\nEUR
\n2023
\nCategory
\nBusiness Segment
\nPalm Rubber
\nOther agricultural
\nproducts TOTAL
\nIndonesia
\n150,895,828 9,874,419 6,976,703 167,746,950
\nCambodia
\n0 10,777,027 0 10,777,027
\n
\n
\nTOTAL
\n150,895,828 20,651,446 6,976,703 178,523,977
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag25": {
"value": "\nCapital management
\nThe\u205f\u200aGroup\u205f\u200amanages\u205f\u200aits\u205f\u200acapital\u205f\u200aand\u205f\u200aadapts\u205f\u200a according\u205f\u200a
\nto\u205f\u200a changes\u205f\u200a in\u205f\u200a economic\u205f\u200a conditions\u205f\u200a and\u205f\u200a investment\u205f\u200a
\nopportunities.\u205f\u200a To\u205f\u200a maintain\u205f\u200a or\u205f\u200a adjust\u205f\u200a the\u205f\u200a capital\u205f\u200a
\nstructure, the Group may issue new shares, repay part
\nof\u205f\u200athe\u205f\u200acapital\u205f\u200aor\u205f\u200aadjust\u205f\u200athe\u205f\u200apayment\u205f\u200aof\u205f\u200adividends\u205f\u200ato\u205f\u200a
\nshareholders.
\nThe Group also manages its capital by closely
\nmonitoring\u205f\u200athe\u205f\u200aratio\u205f\u200aof\u205f\u200adebt\u205f\u200aover\u205f\u200aequity.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag26": {
"value": "\n
\nFinancial risk
\nThe\u205f\u200afinancial\u205f\u200arisk\u205f\u200afor\u205f\u200athe\u205f\u200acompanies\u205f\u200awithin\u205f\u200athe\u205f\u200aGroup\u205f\u200a
\noriginates mainly from changes in the selling price of
\nagricultural\u205f\u200acommodities,\u205f\u200aforeign\u205f\u200aexchange\u205f\u200aand,\u205f\u200ato\u205f\u200aa\u205f\u200a
\nlesser extent, interest rate movements.
\nPotential risks
\nNone of the countries where the Group operates
\nhas\u205f\u200a a\u205f\u200a hyperinflationary\u205f\u200a economy\u205f\u200a or\u205f\u200a suffers\u205f\u200a from\u205f\u200a an\u205f\u200a
\nimmediate\u205f\u200athreat\u205f\u200aof\u205f\u200aprice\u205f\u200adevaluation.\u205f\u200aNevertheless,\u205f\u200a
\nin a minority of those countries, the political system
\nand\u205f\u200aeconomic\u205f\u200astability\u205f\u200aremain\u205f\u200afragile\u205f\u200aand\u205f\u200acould\u205f\u200alead\u205f\u200a
\nto\u205f\u200acurrency\u205f\u200adevaluation\u205f\u200aor\u205f\u200ahyperinflation.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThe\u205f\u200aGroup\u205f\u200aregularly\u205f\u200areviews\u205f\u200aits\u205f\u200asources\u205f\u200aof\u205f\u200afinancing\u205f\u200aas\u205f\u200a
\nwell\u205f\u200aas\u205f\u200acurrency\u205f\u200amovements.\u205f\u200aMoreover,\u205f\u200aits\u205f\u200adecisions\u205f\u200a
\nare\u205f\u200a based\u205f\u200a on\u205f\u200a a\u205f\u200a variety\u205f\u200a of\u205f\u200a risks\u205f\u200a and\u205f\u200a opportunities,\u205f\u200a
\nwhich\u205f\u200athemselves\u205f\u200adepend\u205f\u200aon\u205f\u200aseveral\u205f\u200afactors,\u205f\u200aincluding\u205f\u200a
\ninterest\u205f\u200arates,\u205f\u200acurrency\u205f\u200aand\u205f\u200acounterparties.
\n\nMarket risk
\n* Price risk in commodities market
\nPotential risk
\nThe\u205f\u200a Group\u205f\u200a markets\u205f\u200a its\u205f\u200a finished\u205f\u200a products\u205f\u200a at\u205f\u200a prices\u205f\u200a
\nthat\u205f\u200a may\u205f\u200a be\u205f\u200a influenced\u205f\u200a by\u205f\u200a commodity\u205f\u200a prices\u205f\u200a in\u205f\u200a
\ninternational markets. It therefore faces the risk of
\nvolatility\u205f\u200ain\u205f\u200athe\u205f\u200aprices\u205f\u200aof\u205f\u200athese\u205f\u200acommodities.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThe\u205f\u200amain\u205f\u200apolicy\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200acompanies\u205f\u200ahas\u205f\u200aalways\u205f\u200a
\nbeen\u205f\u200a to\u205f\u200a control\u205f\u200a its\u205f\u200a production\u205f\u200a costs.\u205f\u200a It\u205f\u200a aims\u205f\u200a to\u205f\u200a
\ngenerate margins for the viability of structures in the
\nevent\u205f\u200aof\u205f\u200aa\u205f\u200asignificant\u205f\u200adrop\u205f\u200ain\u205f\u200athe\u205f\u200aselling\u205f\u200aprices\u205f\u200aof\u205f\u200araw\u205f\u200a
\nmaterials
\nG
\n\u205f\u200aand,\u205f\u200aconversely,\u205f\u200ato\u205f\u200agenerate\u205f\u200aprofit\u205f\u200amargins\u205f\u200a
\nduring\u205f\u200athe\u205f\u200amarket\u205f\u200adownturns.
\nIn\u205f\u200a parallel\u205f\u200a with\u205f\u200a this\u205f\u200a main\u205f\u200a policy,\u205f\u200a secondary\u205f\u200a policies\u205f\u200a
\nhave\u205f\u200aalso\u205f\u200abeen\u205f\u200aimplemented\u205f\u200ato\u205f\u200aimprove\u205f\u200aor\u205f\u200aconsolidate\u205f\u200a
\nprofit\u205f\u200amargins,\u205f\u200asuch\u205f\u200aas:
\n-\u205f\u200a the\u205f\u200aproduction\u205f\u200aof\u205f\u200aagricultural\u205f\u200aproducts\u205f\u200aof\u205f\u200asuperior\u205f\u200a
\nquality\u205f\u200aand\u205f\u200abranded,\u205f\u200ain\u205f\u200aparticular\u205f\u200afor\u205f\u200arubber\u205f\u200aand;
\n-\u205f\u200a the\u205f\u200ause\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200aexpertise\u205f\u200ain\u205f\u200athe\u205f\u200acommercial\u205f\u200a
\nsector.
\nThe\u205f\u200a Group\u205f\u200a reduces\u205f\u200a its\u205f\u200a exposure\u205f\u200a to\u205f\u200a price\u205f\u200a risk\u205f\u200a by\u205f\u200a
\ninvesting\u205f\u200a into\u205f\u200a different\u205f\u200a geographical\u205f\u200a markets\u205f\u200a and\u205f\u200a
\nproducts.
\n* Foreign currency risk
\nPotential risk
\nThe Group carries out transactions in local currencies,
\nthe\u205f\u200amain\u205f\u200aones\u205f\u200abeing\u205f\u200aUS\u205f\u200adollar\u205f\u200aand\u205f\u200aIndonesian\u205f\u200arupiah.\u205f\u200a
\nIn\u205f\u200a addition,\u205f\u200a financial\u205f\u200a instruments\u205f\u200a hedging\u205f\u200a against\u205f\u200a
\nfluctuations\u205f\u200ain\u205f\u200aexchange\u205f\u200arate\u205f\u200amay\u205f\u200anot\u205f\u200abe\u205f\u200aavailable\u205f\u200afor\u205f\u200a
\ncertain currencies. This creates exposure to exchange
\nrate\u205f\u200afluctuations,\u205f\u200a which\u205f\u200a may\u205f\u200a have\u205f\u200aan\u205f\u200a impact\u205f\u200aon\u205f\u200a the\u205f\u200a
\nfinancial\u205f\u200aresult\u205f\u200adenominated\u205f\u200ain\u205f\u200aeuro.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nApart\u205f\u200afrom\u205f\u200athe\u205f\u200acurrent\u205f\u200acurrency\u205f\u200ahedging\u205f\u200ainstruments\u205f\u200a
\nfor operational transactions,which is relatively
\nlimited,\u205f\u200a the\u205f\u200a main\u205f\u200apolicy\u205f\u200a of\u205f\u200athe\u205f\u200a Group\u205f\u200a to\u205f\u200afinance\u205f\u200a its\u205f\u200a
\ndevelopment\u205f\u200a projects\u205f\u200ain\u205f\u200a the\u205f\u200a local\u205f\u200a currencies\u205f\u200a of\u205f\u200a the\u205f\u200a
\nregion.\u205f\u200aThis\u205f\u200apractice\u205f\u200ais\u205f\u200afavourable\u205f\u200afor\u205f\u200athe\u205f\u200asignificant\u205f\u200a
\ninvestments\u205f\u200amade\u205f\u200ain\u205f\u200athe\u205f\u200aplantations,\u205f\u200aas\u205f\u200aan\u205f\u200aattempt\u205f\u200ato\u205f\u200a
\nreduce\u205f\u200aborrowings\u205f\u200awherever\u205f\u200apossible.
\n* Interest rate risk
\nPotential risk
\nThe\u205f\u200a first\u205f\u200a risk\u205f\u200a linked\u205f\u200a to\u205f\u200a the\u205f\u200a interest\u205f\u200a rate\u205f\u200a denotes\u205f\u200a a\u205f\u200a
\nchange\u205f\u200ain\u205f\u200acash\u205f\u200aflows\u205f\u200arelating\u205f\u200ato\u205f\u200ashort-term\u205f\u200aborrowings,\u205f\u200a
\noften on a variable rate, as well as a relatively
\nhigh\u205f\u200a level\u205f\u200a of\u205f\u200a base\u205f\u200a interest\u205f\u200a rates\u205f\u200a on\u205f\u200a cash\u205f\u200a and\u205f\u200a cash\u205f\u200a
\nequivalents.\u205f\u200aThe\u205f\u200asecond\u205f\u200arisk\u205f\u200a,\u205f\u200ais\u205f\u200alinked\u205f\u200ato\u205f\u200adeveloping\u205f\u200a
\nmarkets, when borrowing in a local currency.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThe\u205f\u200afirst\u205f\u200arisk\u205f\u200ais\u205f\u200amaintained\u205f\u200aunder\u205f\u200acontrol\u205f\u200aby\u205f\u200aan\u205f\u200aactive\u205f\u200a
\npolicy\u205f\u200a of\u205f\u200a monitoring\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a local\u205f\u200a financial\u205f\u200a
\nmarkets\u205f\u200aon\u205f\u200athe\u205f\u200aone\u205f\u200ahand\u205f\u200aand,\u205f\u200awhen\u205f\u200anecessary,\u205f\u200ashort-
\n
\n
\n
\n\n\n
\n
\n
\n\n\n
\n
\n
\n
\n
\n\nterm\u205f\u200a debt\u205f\u200a consolidation\u205f\u200a in\u205f\u200a the\u205f\u200a long\u205f\u200a term\u205f\u200a on\u205f\u200a the\u205f\u200a
\nother. Another systematic policy keeps an eye on the
\nsecond\u205f\u200arisk,\u205f\u200aby\u205f\u200aputting\u205f\u200alocal\u205f\u200aand\u205f\u200ainternational\u205f\u200abanks\u205f\u200a
\nin\u205f\u200a competition\u205f\u200a with\u205f\u200a international\u205f\u200a lenders\u205f\u200a who\u205f\u200a can\u205f\u200a
\noffer\u205f\u200areal\u205f\u200ainvestment\u205f\u200aand\u205f\u200adevelopment\u205f\u200aopportunities\u205f\u200a
\nat attractive rates.
\n
\n\n\n\nCredit risk
\nPotential risk
\nCredit\u205f\u200arisk\u205f\u200aarises\u205f\u200afrom\u205f\u200athe\u205f\u200apotential\u205f\u200ainability\u205f\u200aof\u205f\u200aclients\u205f\u200a
\nto meet their contractual obligations.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nTo\u205f\u200a manage\u205f\u200a credit\u205f\u200a risk,\u205f\u200a the\u205f\u200a Group\u205f\u200a ensures\u205f\u200a the\u205f\u200a
\npayment of local sales in cash or the guarantee of the
\nreceivables\u205f\u200aby\u205f\u200aobtaining\u205f\u200aapproved\u205f\u200abills\u205f\u200aof\u205f\u200aexchange.\u205f\u200a
\nThe\u205f\u200a export\u205f\u200a sales\u205f\u200a of\u205f\u200a the\u205f\u200a plantations\u205f\u200a are\u205f\u200a centralised\u205f\u200a
\nin\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a sales\u205f\u200a structure,\u205f\u200a which\u205f\u200a applies\u205f\u200a either\u205f\u200a
\na\u205f\u200acash\u205f\u200apayment\u205f\u200apolicy\u205f\u200aor\u205f\u200aa\u205f\u200acommercial\u205f\u200acredit\u205f\u200apolicy\u205f\u200a
\nwhose\u205f\u200alimits\u205f\u200aare\u205f\u200adefined\u205f\u200aby\u205f\u200aits\u205f\u200aBoard\u205f\u200aof\u205f\u200aDirectors.
\nDetails\u205f\u200aon\u205f\u200aimpairment\u205f\u200aof\u205f\u200afinancial\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities,\u205f\u200a
\nincluding\u205f\u200ameasurement\u205f\u200aof\u205f\u200aexpected\u205f\u200acredit\u205f\u200alosses,\u205f\u200aare\u205f\u200a
\ndisclosed\u205f\u200ain\u205f\u200aNote\u205f\u200a1.18.
\n
\n\n\n\nLiquidity risk
\nPotential risk
\nLiquidity\u205f\u200a risk\u205f\u200a is\u205f\u200a defined\u205f\u200a as\u205f\u200a the\u205f\u200a risk\u205f\u200a that\u205f\u200a the\u205f\u200a Group\u205f\u200a
\ncannot meet its obligations in time or at a reasonable
\nprice.\u205f\u200aThis\u205f\u200arisk\u205f\u200amainly\u205f\u200aaffects\u205f\u200aplantations,\u205f\u200awhich\u205f\u200aare\u205f\u200a
\nboth\u205f\u200athe\u205f\u200amain\u205f\u200asource\u205f\u200aof\u205f\u200acash\u205f\u200aand\u205f\u200afinancing\u205f\u200aneeds.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nGiven\u205f\u200a the\u205f\u200a specific\u205f\u200a economic\u205f\u200a and\u205f\u200a technological\u205f\u200a
\nenvironment of each plantation, the Group manages
\nthe\u205f\u200aliquidity\u205f\u200arisk\u205f\u200ain\u205f\u200aa\u205f\u200adecentralised\u205f\u200amanner.\u205f\u200aHowever,\u205f\u200a
\nboth\u205f\u200athe\u205f\u200aavailable\u205f\u200acash\u205f\u200aand\u205f\u200athe\u205f\u200aimplementation\u205f\u200aof\u205f\u200athe\u205f\u200a
\nfinancing\u205f\u200aare\u205f\u200asupervised\u205f\u200aby\u205f\u200athe\u205f\u200aGroup\u205f\u200aManagement.
\nThe\u205f\u200aGroup\u205f\u200achooses,\u205f\u200awhenever\u205f\u200apossible,\u205f\u200ato\u205f\u200amaintain/
\nclaim\u205f\u200a financial\u205f\u200a liabilities\u205f\u200a and\u205f\u200a cash\u205f\u200a position\u205f\u200a (as\u205f\u200a
\nmentioned\u205f\u200arespectively\u205f\u200ain\u205f\u200aNotes\u205f\u200a23\u205f\u200aand\u205f\u200a19)\u205f\u200awith\u205f\u200alow\u205f\u200a
\ncredit\u205f\u200arisk\u205f\u200ainstitutions.
\n
\n\n\n\nEmerging market risks
\nPotential risk
\nCurrent or future political instability in certain
\ncountries\u205f\u200ain\u205f\u200awhich\u205f\u200athe\u205f\u200aGroup\u205f\u200aoperates\u205f\u200amay\u205f\u200aaffect\u205f\u200athe\u205f\u200a
\nGroup\u2019s\u205f\u200aprofitability\u205f\u200aand\u205f\u200aits\u205f\u200aability\u205f\u200ato\u205f\u200ado\u205f\u200abusiness\u205f\u200aand\u205f\u200a
\ngenerate revenue.
\nThe\u205f\u200apolitical\u205f\u200asystem\u205f\u200ain\u205f\u200asome\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200amarkets\u205f\u200ais\u205f\u200a
\nrelatively\u205f\u200afragile\u205f\u200aand\u205f\u200acan\u205f\u200abe\u205f\u200apotentially\u205f\u200athreatened\u205f\u200aby\u205f\u200a
\ncross-border\u205f\u200aconflicts\u205f\u200aor\u205f\u200awars\u205f\u200abetween\u205f\u200arival\u205f\u200agroups.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThrough its activities, the Group contributes to the
\nimprovement\u205f\u200a of\u205f\u200a the\u205f\u200a quality\u205f\u200a of\u205f\u200a life\u205f\u200a in\u205f\u200a the\u205f\u200a countries\u205f\u200a
\nin which it operates. It also focuses on improving
\nthe\u205f\u200a stability\u205f\u200a of\u205f\u200a its\u205f\u200a markets,\u205f\u200a which\u205f\u200a may\u205f\u200a lead\u205f\u200a to\u205f\u200a
\nan\u205f\u200a appreciation\u205f\u200a in\u205f\u200a the\u205f\u200a value\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a local\u205f\u200a
\ncompanies.
\nBy\u205f\u200a diversifying\u205f\u200a the\u205f\u200a countries,\u205f\u200a economies\u205f\u200a and\u205f\u200a
\ncurrencies in which the Group generates its revenues
\nand\u205f\u200a cash\u205f\u200aflows,\u205f\u200a it\u205f\u200a reduces\u205f\u200a its\u205f\u200a exposure\u205f\u200a to\u205f\u200a emerging\u205f\u200a
\nmarket risk.
\nThe\u205f\u200a Group\u205f\u200a is\u205f\u200a aware\u205f\u200a of\u205f\u200a its\u205f\u200a environmental\u205f\u200a and\u205f\u200a social\u205f\u200a
\nresponsibility\u205f\u200a towards\u205f\u200a the\u205f\u200a local\u205f\u200a population\u205f\u200a and\u205f\u200a is\u205f\u200a
\ncontinually\u205f\u200aimplementing\u205f\u200ainitiatives\u205f\u200ato\u205f\u200athis\u205f\u200aend.
\n
\n\n\nRisk of expropriation
\nPotential risk
\nCertain countries in which the Group operates have
\npolitical\u205f\u200aregimes\u205f\u200athat\u205f\u200a may\u205f\u200a call\u205f\u200a into\u205f\u200a question\u205f\u200a foreign\u205f\u200a
\ncommercial\u205f\u200a interests\u205f\u200aby\u205f\u200a limiting\u205f\u200atheir\u205f\u200a activities\u205f\u200aand\u205f\u200a
\nmay\u205f\u200aattempt\u205f\u200ato\u205f\u200aexert\u205f\u200acontrol\u205f\u200aover\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200aassets.\u205f\u200a
\nThis is known as the risk of expropriation.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThe\u205f\u200a diversified\u205f\u200a geographical\u205f\u200a distribution\u205f\u200a of\u205f\u200a the\u205f\u200a
\ncountries in which the Group generates its revenues
\nand\u205f\u200aits\u205f\u200acash\u205f\u200aflows\u205f\u200areduces\u205f\u200aits\u205f\u200aexposure\u205f\u200ato\u205f\u200athis\u205f\u200arisk.
\n
\n\n\nCredibility risk
\nPotential risk
\nWith\u205f\u200a the\u205f\u200a Group\u205f\u200a being\u205f\u200a linked\u205f\u200a to\u205f\u200a the\u205f\u200a state\u205f\u200a of\u205f\u200a the\u205f\u200a
\nfinancial\u205f\u200a markets,\u205f\u200a the\u205f\u200a Group\u205f\u200a may\u205f\u200a be\u205f\u200a exposed\u205f\u200a to\u205f\u200a a\u205f\u200a
\ncredibility\u205f\u200a risk\u205f\u200a when\u205f\u200a said\u205f\u200a markets\u205f\u200a lose\u205f\u200a confidence.\u205f\u200a
\nThis\u205f\u200adepends\u205f\u200aon\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200aability\u205f\u200ato\u205f\u200amaintain\u205f\u200asound\u205f\u200a
\nfinancial\u205f\u200ahealth\u205f\u200aconsidering:
\n- its environmental impact,
\n-\u205f\u200a its\u205f\u200asocial\u205f\u200aresponsibility\u205f\u200aand
\n-\u205f\u200a the\u205f\u200a economic\u205f\u200a and\u205f\u200a geopolitical\u205f\u200a risks\u205f\u200a that\u205f\u200a certain\u205f\u200a
\nGroup entities may face.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThe\u205f\u200aGroup\u205f\u200ahas\u205f\u200apublished\u205f\u200aits\u205f\u200aresponsible\u205f\u200amanagement\u205f\u200a
\npolicy\u205f\u200a in\u205f\u200a 2017,\u205f\u200a which\u205f\u200a was\u205f\u200a updated\u205f\u200a in\u205f\u200a 2022.\u205f\u200a This\u205f\u200a
\ncomplements\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a sustainable\u205f\u200a development\u205f\u200a
\ncommitments,\u205f\u200aformalised\u205f\u200ain\u205f\u200a2012.
\nThe\u205f\u200aGroup\u2019s\u205f\u200ainitiatives\u205f\u200ato\u205f\u200amonitor\u205f\u200athis\u205f\u200arisk\u205f\u200aare\u205f\u200adetailed\u205f\u200a
\nin\u205f\u200athe\u205f\u200ainformation\u205f\u200aprovided\u205f\u200ain\u205f\u200athe\u205f\u200aannual\u205f\u200asustainable\u205f\u200a
\ndevelopment\u205f\u200a report\u205f\u200a available\u205f\u200a on\u205f\u200a request\u205f\u200a at\u205f\u200a Group\u205f\u200a
\nheadquarters.
\nRisk sensitivity
\n* Exchange rate risk
\nThe\u205f\u200aGroup\u205f\u200ais\u205f\u200aexposed\u205f\u200ato\u205f\u200achanges\u205f\u200ain\u205f\u200avalue\u205f\u200aarising\u205f\u200afrom\u205f\u200a
\nfluctuations\u205f\u200a in\u205f\u200a exchange\u205f\u200arates,\u205f\u200a which\u205f\u200a are\u205f\u200agenerated\u205f\u200a
\nby its operating activities. However, as local turnover
\nwas\u205f\u200amade\u205f\u200ain\u205f\u200athe\u205f\u200alocal\u205f\u200acurrency\u205f\u200aand\u205f\u200aexport\u205f\u200asales\u205f\u200aare\u205f\u200a
\nmade\u205f\u200ain\u205f\u200aUS\u205f\u200adollar,\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200aexposure\u205f\u200ais\u205f\u200alimited\u205f\u200ato\u205f\u200a
\nfluctuations\u205f\u200ain\u205f\u200adollar\u205f\u200aagainst\u205f\u200athe\u205f\u200aeuro.\u205f\u200aThe\u205f\u200aimpact\u205f\u200aon\u205f\u200a
\nthe\u205f\u200a result\u205f\u200a of\u205f\u200a a\u205f\u200a 10%\u205f\u200a increase\u205f\u200a or\u205f\u200a decrease\u205f\u200a (EUR/USD)\u205f\u200a
\nin\u205f\u200aforeign\u205f\u200acurrency\u205f\u200afinancial\u205f\u200ainstruments\u205f\u200aamounts\u205f\u200ato\u205f\u200a
\nEUR\u205f\u200a6.0\u205f\u200amillion.
\nIn the case where the currency of sale is not the
\nfunctional\u205f\u200acurrency\u205f\u200aof\u205f\u200athe\u205f\u200aCompany,\u205f\u200aand\u205f\u200ait\u205f\u200ais\u205f\u200alinked\u205f\u200a
\nto\u205f\u200aa\u205f\u200astrong\u205f\u200acurrency,\u205f\u200athe\u205f\u200aconversion\u205f\u200ais\u205f\u200aensured\u205f\u200aat\u205f\u200athe\u205f\u200a
\ntime of the conclusion of the contract. The local sales
\nconcluded\u205f\u200ain\u205f\u200athe\u205f\u200alocal\u205f\u200acurrency\u205f\u200ain\u205f\u200a2023\u205f\u200aamounted\u205f\u200ato\u205f\u200a
\nEUR\u205f\u200a169.3\u205f\u200amillion.
\nSocfinasia\u2019s\u205f\u200a companies\u205f\u200a have\u205f\u200a a\u205f\u200a cash\u205f\u200a position\u205f\u200a of\u205f\u200a
\nUSD\u205f\u200a65.9\u205f\u200amillion\u205f\u200aat\u205f\u200a2023\u205f\u200ayear-end.
\n* Interest rate risk
\nThe\u205f\u200abreakdown\u205f\u200aof\u205f\u200afixed\u205f\u200arate\u205f\u200aloans\u205f\u200aand\u205f\u200avariable\u205f\u200arate\u205f\u200a
\nloans\u205f\u200ais\u205f\u200adescribed\u205f\u200ain\u205f\u200aNote\u205f\u200a23.\u205f\u200aDue\u205f\u200ato\u205f\u200athe\u205f\u200acash\u205f\u200apooling\u205f\u200a
\ncentralised,\u205f\u200athe\u205f\u200aGroup\u205f\u200ais\u205f\u200aexposed\u205f\u200ato\u205f\u200ainterest\u205f\u200arate\u205f\u200arisk.\u205f\u200a
\nTo control this risk, the management closely monitors
\nthe\u205f\u200ainterest\u205f\u200arate\u2019s\u205f\u200aevolution.
\n* Credit risk
\nOn\u205f\u200a 31\u205f\u200a December\u205f\u200a 2023,\u205f\u200a the\u205f\u200a trade\u205f\u200a receivables\u205f\u200a from\u205f\u200a
\nglobal\u205f\u200a customers\u205f\u200a amounted\u205f\u200a to\u205f\u200a EUR\u205f\u200a 1.1\u205f\u200a million\u205f\u200a and\u205f\u200a
\nto EUR 1.2 million for local customers. Accounts
\nreceivable from global customers are mainly
\nreceivables\u205f\u200arelated\u205f\u200ato\u205f\u200athe\u205f\u200asale\u205f\u200aof\u205f\u200arubber.\u205f\u200aPalm\u205f\u200aoil\u205f\u200ais\u205f\u200a
\nsold\u205f\u200alocally\u205f\u200ato\u205f\u200alocal\u205f\u200aplayers\u205f\u200a(wide\u205f\u200arange\u205f\u200aof\u205f\u200acustomers).\u205f\u200a
\nThe\u205f\u200amarketing\u205f\u200aof\u205f\u200a rubber\u205f\u200ais\u205f\u200aentrusted\u205f\u200ato\u205f\u200aSogescol\u205f\u200a FR\u205f\u200a
\n(equity\u205f\u200aaccounted\u205f\u200acompany).\u205f\u200aIt\u205f\u200atrades\u205f\u200a either\u205f\u200aon\u205f\u200athe\u205f\u200a
\nphysical\u205f\u200amarkets\u205f\u200aor\u205f\u200adirectly\u205f\u200awith\u205f\u200aend\u205f\u200acustomers.
\nThe\u205f\u200aoutstanding\u205f\u200atrade\u205f\u200areceivables\u205f\u200aare\u205f\u200anot\u205f\u200asignificant.
\n
\n2023 2022
\n EUR EUR
\nTrade\u205f\u200areceivables
\n2,259,161 3,141,096
\nOther receivables
\n9,924,597 28,426,554
\nLong-term\u205f\u200aadvances
\n50,500,175 100,503,325
\nTotal net receivables
\n62,683,933 132,070,975
\n
\n
\nAmount\u205f\u200anot\u205f\u200ayet\u205f\u200adue
\n60,299,632 132,070,975
\nAmount\u205f\u200adue\u205f\u200aless\u205f\u200athan\u205f\u200a6\u205f\u200amonths
\n 2,384,301 0
\nTotal net receivables
\n62,683,933 132,070,975
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag27": {
"value": "\nMarket risk
\n* Price risk in commodities market
\nPotential risk
\nThe\u205f\u200a Group\u205f\u200a markets\u205f\u200a its\u205f\u200a finished\u205f\u200a products\u205f\u200a at\u205f\u200a prices\u205f\u200a
\nthat\u205f\u200a may\u205f\u200a be\u205f\u200a influenced\u205f\u200a by\u205f\u200a commodity\u205f\u200a prices\u205f\u200a in\u205f\u200a
\ninternational markets. It therefore faces the risk of
\nvolatility\u205f\u200ain\u205f\u200athe\u205f\u200aprices\u205f\u200aof\u205f\u200athese\u205f\u200acommodities.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThe\u205f\u200amain\u205f\u200apolicy\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200acompanies\u205f\u200ahas\u205f\u200aalways\u205f\u200a
\nbeen\u205f\u200a to\u205f\u200a control\u205f\u200a its\u205f\u200a production\u205f\u200a costs.\u205f\u200a It\u205f\u200a aims\u205f\u200a to\u205f\u200a
\ngenerate margins for the viability of structures in the
\nevent\u205f\u200aof\u205f\u200aa\u205f\u200asignificant\u205f\u200adrop\u205f\u200ain\u205f\u200athe\u205f\u200aselling\u205f\u200aprices\u205f\u200aof\u205f\u200araw\u205f\u200a
\nmaterials
\nG
\n\u205f\u200aand,\u205f\u200aconversely,\u205f\u200ato\u205f\u200agenerate\u205f\u200aprofit\u205f\u200amargins\u205f\u200a
\nduring\u205f\u200athe\u205f\u200amarket\u205f\u200adownturns.
\nIn\u205f\u200a parallel\u205f\u200a with\u205f\u200a this\u205f\u200a main\u205f\u200a policy,\u205f\u200a secondary\u205f\u200a policies\u205f\u200a
\nhave\u205f\u200aalso\u205f\u200abeen\u205f\u200aimplemented\u205f\u200ato\u205f\u200aimprove\u205f\u200aor\u205f\u200aconsolidate\u205f\u200a
\nprofit\u205f\u200amargins,\u205f\u200asuch\u205f\u200aas:
\n-\u205f\u200a the\u205f\u200aproduction\u205f\u200aof\u205f\u200aagricultural\u205f\u200aproducts\u205f\u200aof\u205f\u200asuperior\u205f\u200a
\nquality\u205f\u200aand\u205f\u200abranded,\u205f\u200ain\u205f\u200aparticular\u205f\u200afor\u205f\u200arubber\u205f\u200aand;
\n-\u205f\u200a the\u205f\u200ause\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200aexpertise\u205f\u200ain\u205f\u200athe\u205f\u200acommercial\u205f\u200a
\nsector.
\nThe\u205f\u200a Group\u205f\u200a reduces\u205f\u200a its\u205f\u200a exposure\u205f\u200a to\u205f\u200a price\u205f\u200a risk\u205f\u200a by\u205f\u200a
\ninvesting\u205f\u200a into\u205f\u200a different\u205f\u200a geographical\u205f\u200a markets\u205f\u200a and\u205f\u200a
\nproducts.
\n* Foreign currency risk
\nPotential risk
\nThe Group carries out transactions in local currencies,
\nthe\u205f\u200amain\u205f\u200aones\u205f\u200abeing\u205f\u200aUS\u205f\u200adollar\u205f\u200aand\u205f\u200aIndonesian\u205f\u200arupiah.\u205f\u200a
\nIn\u205f\u200a addition,\u205f\u200a financial\u205f\u200a instruments\u205f\u200a hedging\u205f\u200a against\u205f\u200a
\nfluctuations\u205f\u200ain\u205f\u200aexchange\u205f\u200arate\u205f\u200amay\u205f\u200anot\u205f\u200abe\u205f\u200aavailable\u205f\u200afor\u205f\u200a
\ncertain currencies. This creates exposure to exchange
\nrate\u205f\u200afluctuations,\u205f\u200a which\u205f\u200a may\u205f\u200a have\u205f\u200aan\u205f\u200a impact\u205f\u200aon\u205f\u200a the\u205f\u200a
\nfinancial\u205f\u200aresult\u205f\u200adenominated\u205f\u200ain\u205f\u200aeuro.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nApart\u205f\u200afrom\u205f\u200athe\u205f\u200acurrent\u205f\u200acurrency\u205f\u200ahedging\u205f\u200ainstruments\u205f\u200a
\nfor operational transactions,which is relatively
\nlimited,\u205f\u200a the\u205f\u200a main\u205f\u200apolicy\u205f\u200a of\u205f\u200athe\u205f\u200a Group\u205f\u200a to\u205f\u200afinance\u205f\u200a its\u205f\u200a
\ndevelopment\u205f\u200a projects\u205f\u200ain\u205f\u200a the\u205f\u200a local\u205f\u200a currencies\u205f\u200a of\u205f\u200a the\u205f\u200a
\nregion.\u205f\u200aThis\u205f\u200apractice\u205f\u200ais\u205f\u200afavourable\u205f\u200afor\u205f\u200athe\u205f\u200asignificant\u205f\u200a
\ninvestments\u205f\u200amade\u205f\u200ain\u205f\u200athe\u205f\u200aplantations,\u205f\u200aas\u205f\u200aan\u205f\u200aattempt\u205f\u200ato\u205f\u200a
\nreduce\u205f\u200aborrowings\u205f\u200awherever\u205f\u200apossible.
\n* Interest rate risk
\nPotential risk
\nThe\u205f\u200a first\u205f\u200a risk\u205f\u200a linked\u205f\u200a to\u205f\u200a the\u205f\u200a interest\u205f\u200a rate\u205f\u200a denotes\u205f\u200a a\u205f\u200a
\nchange\u205f\u200ain\u205f\u200acash\u205f\u200aflows\u205f\u200arelating\u205f\u200ato\u205f\u200ashort-term\u205f\u200aborrowings,\u205f\u200a
\noften on a variable rate, as well as a relatively
\nhigh\u205f\u200a level\u205f\u200a of\u205f\u200a base\u205f\u200a interest\u205f\u200a rates\u205f\u200a on\u205f\u200a cash\u205f\u200a and\u205f\u200a cash\u205f\u200a
\nequivalents.\u205f\u200aThe\u205f\u200asecond\u205f\u200arisk\u205f\u200a,\u205f\u200ais\u205f\u200alinked\u205f\u200ato\u205f\u200adeveloping\u205f\u200a
\nmarkets, when borrowing in a local currency.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThe\u205f\u200afirst\u205f\u200arisk\u205f\u200ais\u205f\u200amaintained\u205f\u200aunder\u205f\u200acontrol\u205f\u200aby\u205f\u200aan\u205f\u200aactive\u205f\u200a
\npolicy\u205f\u200a of\u205f\u200a monitoring\u205f\u200a the\u205f\u200a evolution\u205f\u200a of\u205f\u200a local\u205f\u200a financial\u205f\u200a
\nmarkets\u205f\u200aon\u205f\u200athe\u205f\u200aone\u205f\u200ahand\u205f\u200aand,\u205f\u200awhen\u205f\u200anecessary,\u205f\u200ashort-
\n
\n
\n
\n\n\nterm\u205f\u200a debt\u205f\u200a consolidation\u205f\u200a in\u205f\u200a the\u205f\u200a long\u205f\u200a term\u205f\u200a on\u205f\u200a the\u205f\u200a
\nother. Another systematic policy keeps an eye on the
\nsecond\u205f\u200arisk,\u205f\u200aby\u205f\u200aputting\u205f\u200alocal\u205f\u200aand\u205f\u200ainternational\u205f\u200abanks\u205f\u200a
\nin\u205f\u200a competition\u205f\u200a with\u205f\u200a international\u205f\u200a lenders\u205f\u200a who\u205f\u200a can\u205f\u200a
\noffer\u205f\u200areal\u205f\u200ainvestment\u205f\u200aand\u205f\u200adevelopment\u205f\u200aopportunities\u205f\u200a
\nat attractive rates.
\n
\n\n\nEmerging market risks
\nPotential risk
\nCurrent or future political instability in certain
\ncountries\u205f\u200ain\u205f\u200awhich\u205f\u200athe\u205f\u200aGroup\u205f\u200aoperates\u205f\u200amay\u205f\u200aaffect\u205f\u200athe\u205f\u200a
\nGroup\u2019s\u205f\u200aprofitability\u205f\u200aand\u205f\u200aits\u205f\u200aability\u205f\u200ato\u205f\u200ado\u205f\u200abusiness\u205f\u200aand\u205f\u200a
\ngenerate revenue.
\nThe\u205f\u200apolitical\u205f\u200asystem\u205f\u200ain\u205f\u200asome\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200amarkets\u205f\u200ais\u205f\u200a
\nrelatively\u205f\u200afragile\u205f\u200aand\u205f\u200acan\u205f\u200abe\u205f\u200apotentially\u205f\u200athreatened\u205f\u200aby\u205f\u200a
\ncross-border\u205f\u200aconflicts\u205f\u200aor\u205f\u200awars\u205f\u200abetween\u205f\u200arival\u205f\u200agroups.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nThrough its activities, the Group contributes to the
\nimprovement\u205f\u200a of\u205f\u200a the\u205f\u200a quality\u205f\u200a of\u205f\u200a life\u205f\u200a in\u205f\u200a the\u205f\u200a countries\u205f\u200a
\nin which it operates. It also focuses on improving
\nthe\u205f\u200a stability\u205f\u200a of\u205f\u200a its\u205f\u200a markets,\u205f\u200a which\u205f\u200a may\u205f\u200a lead\u205f\u200a to\u205f\u200a
\nan\u205f\u200a appreciation\u205f\u200a in\u205f\u200a the\u205f\u200a value\u205f\u200a of\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a local\u205f\u200a
\ncompanies.
\nBy\u205f\u200a diversifying\u205f\u200a the\u205f\u200a countries,\u205f\u200a economies\u205f\u200a and\u205f\u200a
\ncurrencies in which the Group generates its revenues
\nand\u205f\u200a cash\u205f\u200aflows,\u205f\u200a it\u205f\u200a reduces\u205f\u200a its\u205f\u200a exposure\u205f\u200a to\u205f\u200a emerging\u205f\u200a
\nmarket risk.
\nThe\u205f\u200a Group\u205f\u200a is\u205f\u200a aware\u205f\u200a of\u205f\u200a its\u205f\u200a environmental\u205f\u200a and\u205f\u200a social\u205f\u200a
\nresponsibility\u205f\u200a towards\u205f\u200a the\u205f\u200a local\u205f\u200a population\u205f\u200a and\u205f\u200a is\u205f\u200a
\ncontinually\u205f\u200aimplementing\u205f\u200ainitiatives\u205f\u200ato\u205f\u200athis\u205f\u200aend.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag28": {
"value": "\nCredit risk
\nPotential risk
\nCredit\u205f\u200arisk\u205f\u200aarises\u205f\u200afrom\u205f\u200athe\u205f\u200apotential\u205f\u200ainability\u205f\u200aof\u205f\u200aclients\u205f\u200a
\nto meet their contractual obligations.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nTo\u205f\u200a manage\u205f\u200a credit\u205f\u200a risk,\u205f\u200a the\u205f\u200a Group\u205f\u200a ensures\u205f\u200a the\u205f\u200a
\npayment of local sales in cash or the guarantee of the
\nreceivables\u205f\u200aby\u205f\u200aobtaining\u205f\u200aapproved\u205f\u200abills\u205f\u200aof\u205f\u200aexchange.\u205f\u200a
\nThe\u205f\u200a export\u205f\u200a sales\u205f\u200a of\u205f\u200a the\u205f\u200a plantations\u205f\u200a are\u205f\u200a centralised\u205f\u200a
\nin\u205f\u200a the\u205f\u200a Group\u2019s\u205f\u200a sales\u205f\u200a structure,\u205f\u200a which\u205f\u200a applies\u205f\u200a either\u205f\u200a
\na\u205f\u200acash\u205f\u200apayment\u205f\u200apolicy\u205f\u200aor\u205f\u200aa\u205f\u200acommercial\u205f\u200acredit\u205f\u200apolicy\u205f\u200a
\nwhose\u205f\u200alimits\u205f\u200aare\u205f\u200adefined\u205f\u200aby\u205f\u200aits\u205f\u200aBoard\u205f\u200aof\u205f\u200aDirectors.
\nDetails\u205f\u200aon\u205f\u200aimpairment\u205f\u200aof\u205f\u200afinancial\u205f\u200aassets\u205f\u200aand\u205f\u200aliabilities,\u205f\u200a
\nincluding\u205f\u200ameasurement\u205f\u200aof\u205f\u200aexpected\u205f\u200acredit\u205f\u200alosses,\u205f\u200aare\u205f\u200a
\ndisclosed\u205f\u200ain\u205f\u200aNote\u205f\u200a1.18.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag29": {
"value": "\nLiquidity risk
\nPotential risk
\nLiquidity\u205f\u200a risk\u205f\u200a is\u205f\u200a defined\u205f\u200a as\u205f\u200a the\u205f\u200a risk\u205f\u200a that\u205f\u200a the\u205f\u200a Group\u205f\u200a
\ncannot meet its obligations in time or at a reasonable
\nprice.\u205f\u200aThis\u205f\u200arisk\u205f\u200amainly\u205f\u200aaffects\u205f\u200aplantations,\u205f\u200awhich\u205f\u200aare\u205f\u200a
\nboth\u205f\u200athe\u205f\u200amain\u205f\u200asource\u205f\u200aof\u205f\u200acash\u205f\u200aand\u205f\u200afinancing\u205f\u200aneeds.
\nRisk\u205f\u200amanagement\u205f\u200aand\u205f\u200aopportunities
\nGiven\u205f\u200a the\u205f\u200a specific\u205f\u200a economic\u205f\u200a and\u205f\u200a technological\u205f\u200a
\nenvironment of each plantation, the Group manages
\nthe\u205f\u200aliquidity\u205f\u200arisk\u205f\u200ain\u205f\u200aa\u205f\u200adecentralised\u205f\u200amanner.\u205f\u200aHowever,\u205f\u200a
\nboth\u205f\u200athe\u205f\u200aavailable\u205f\u200acash\u205f\u200aand\u205f\u200athe\u205f\u200aimplementation\u205f\u200aof\u205f\u200athe\u205f\u200a
\nfinancing\u205f\u200aare\u205f\u200asupervised\u205f\u200aby\u205f\u200athe\u205f\u200aGroup\u205f\u200aManagement.
\nThe\u205f\u200aGroup\u205f\u200achooses,\u205f\u200awhenever\u205f\u200apossible,\u205f\u200ato\u205f\u200amaintain/
\nclaim\u205f\u200a financial\u205f\u200a liabilities\u205f\u200a and\u205f\u200a cash\u205f\u200a position\u205f\u200a (as\u205f\u200a
\nmentioned\u205f\u200arespectively\u205f\u200ain\u205f\u200aNotes\u205f\u200a23\u205f\u200aand\u205f\u200a19)\u205f\u200awith\u205f\u200alow\u205f\u200a
\ncredit\u205f\u200arisk\u205f\u200ainstitutions.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag30": {
"value": "\nNote 35. Profit before interest, taxes, depreciation and amortisation
\nEBITDA
\nG
\n
\n2023 2022
\n EUR EUR
\nProfit\u205f\u200aafter\u205f\u200atax\u205f\u200a(Group\u2019s\u205f\u200ashare)
\n46,103,360 47,948,844
\nProfit\u205f\u200ashare\u205f\u200aof\u205f\u200anon-controlling\u205f\u200ainterests
\nG
\n5,615,402 7,331,484
\nIncome from associates
\n-5,890,456 -10,844,143
\nDividends\u205f\u200areceived\u205f\u200afrom\u205f\u200aassociates
\n8,292,174 7,126,982
\nFair value of biological assets
\n-1,213,115 -2,378,830
\nDepreciation,\u205f\u200aamortisation\u205f\u200aand\u205f\u200aprovisions
\n11,284,832 38,054,928
\nGains\u205f\u200aand\u205f\u200alosses\u205f\u200aon\u205f\u200adisposals\u205f\u200aof\u205f\u200aassets
\n1,023,704 344,053
\nTax charge
\n19,696,109 29,389,546
\nOther\u205f\u200afinancial\u205f\u200aincome
\n-12,105,421 -26,794,436
\nFinancial expenses
\n7,542,460 8,794,506
\nFinancial\u205f\u200aexpenses\u205f\u200aincluded\u205f\u200ain\u205f\u200aamortisation\u205f\u200aand\u205f\u200aprovisions
\n-173,304 -25,742
\nImpact\u205f\u200aof\u205f\u200alease\u205f\u200arestatement\u205f\u200aon\u205f\u200aEBITDA
\nG
\n-174,486 -183,797
\nTOTAL
\n80,001,259 98,763,396
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag31": {
"value": "\nNote 36. Contingent liabilities
\n1 Litigation\u205f\u200aagainst\u205f\u200athe\u205f\u200aBelgian\u205f\u200aFederal\u205f\u200aPublic\u205f\u200aService\u205f\u200a
\nFinance\u205f\u200a(Corporate\u205f\u200aTax)
\nThe\u205f\u200a company\u205f\u200a SOCFICOM\u205f\u200a (\u201cSocficom\u201d),\u205f\u200a a\u205f\u200a public\u205f\u200a
\nlimited\u205f\u200a company\u205f\u200a incorporated\u205f\u200a under\u205f\u200a Liechtenstein\u205f\u200a
\nlaw\u205f\u200aand\u205f\u200aa\u205f\u200asubsidiary\u205f\u200aof\u205f\u200athe\u205f\u200aGroup,\u205f\u200awas\u205f\u200athe\u205f\u200asubject\u205f\u200aof\u205f\u200a
\ncriminal\u205f\u200a proceedings\u205f\u200a initiated\u205f\u200a by\u205f\u200a the\u205f\u200a Belgian\u205f\u200a Public\u205f\u200a
\nProsecutor\u2019s\u205f\u200aOffice.
\nThe\u205f\u200a main\u205f\u200a accusation\u205f\u200a against\u205f\u200a Socficom\u205f\u200a was\u205f\u200a that\u205f\u200a the\u205f\u200a
\nBelgian\u205f\u200a Public\u205f\u200a Prosecutor\u2019s\u205f\u200a Office\u205f\u200a considered\u205f\u200a that\u205f\u200a
\nSocficom\u205f\u200awas\u205f\u200aa\u205f\u200a\u201cBelgian\u205f\u200aresident\u205f\u200acompany\u201d,\u205f\u200asubject\u205f\u200a
\nto Belgian corporate income tax.
\nSocficom\u205f\u200awas\u205f\u200aacquitted,\u205f\u200afollowing\u205f\u200aa\u205f\u200aruling\u205f\u200aby\u205f\u200athe\u205f\u200a11th\u205f\u200a
\nChamber of the Brussels Court of Appeal, sitting in
\ncorrectional\u205f\u200amatters,\u205f\u200adated\u205f\u200afrom\u205f\u200a23\u205f\u200aOctober\u205f\u200a2018.\u205f\u200aThe\u205f\u200a
\nCourt\u205f\u200aruled\u205f\u200athat\u205f\u200a\u201cit\u205f\u200ais\u205f\u200aclear\u205f\u200afrom\u205f\u200aall\u205f\u200athese\u205f\u200aelements\u205f\u200a
\nthat\u205f\u200athe\u205f\u200areal\u205f\u200aseat\u205f\u200aof\u205f\u200athe\u205f\u200adefendant\u205f\u200aSocficom\u205f\u200ais\u205f\u200aindeed\u205f\u200a
\nestablished\u205f\u200a in\u205f\u200a Liechtenstein\u205f\u200aand\u205f\u200a that\u205f\u200a nothing\u205f\u200aallows\u205f\u200a
\nit\u205f\u200ato\u205f\u200abe\u205f\u200alocated\u205f\u200ain\u205f\u200aBrussels\u201d.\u205f\u200aThe\u205f\u200aPublic\u205f\u200aProsecutor\u2019s\u205f\u200a
\nOffice\u205f\u200adid\u205f\u200anot\u205f\u200aappeal\u205f\u200aagainst\u205f\u200athis\u205f\u200ajudgement\u205f\u200aand\u205f\u200athis\u205f\u200a
\ndecision\u205f\u200ais\u205f\u200atherefore\u205f\u200afinal.
\nHowever,\u205f\u200a the\u205f\u200a Federal\u205f\u200a Public\u205f\u200a Service\u205f\u200a Finance,\u205f\u200a relied\u205f\u200a
\nexclusively\u205f\u200aon\u205f\u200athe\u205f\u200ainvestigation\u205f\u200afile\u205f\u200asubmitted\u205f\u200aby\u205f\u200athe\u205f\u200a
\nBelgian\u205f\u200aPublic\u205f\u200aProsecutor\u2019s\u205f\u200aOffice\u205f\u200ain\u205f\u200acriminal\u205f\u200amatters.\u205f\u200a
\nThe\u205f\u200aformer\u205f\u200atherefore\u205f\u200amaintains\u205f\u200athat\u205f\u200aSocficom\u205f\u200ameets\u205f\u200a
\nthe\u205f\u200aconditions\u205f\u200ato\u205f\u200abe\u205f\u200aliable\u205f\u200ato\u205f\u200acorporate\u205f\u200aincome\u205f\u200atax\u205f\u200ain\u205f\u200a
\nBelgium.\u205f\u200aThe\u205f\u200aFederal\u205f\u200aPublic\u205f\u200aService\u205f\u200aFinance\u205f\u200aconsiders\u205f\u200a
\nthat\u205f\u200a Socficom\u205f\u200a is\u205f\u200a effectively\u205f\u200a managed\u205f\u200a from\u205f\u200a Belgium\u205f\u200a
\nand\u205f\u200athat\u205f\u200aall\u205f\u200aits\u205f\u200aactivities\u205f\u200aare\u205f\u200acarried\u205f\u200aout\u205f\u200athere.\u205f\u200a
\nSocficom\u205f\u200a was\u205f\u200a therefore\u205f\u200a automatically\u205f\u200a assessed\u205f\u200a with\u205f\u200a
\ncorporate income tax on 4 January 2012, for the tax
\nyears 2004 to 2009 for an amount of EUR 77,343,783,
\nexcluding\u205f\u200alate\u205f\u200apayment\u205f\u200ainterest\u205f\u200aat\u205f\u200aan\u205f\u200aannual\u205f\u200arate\u205f\u200aof\u205f\u200a
\n7%\u205f\u200areduced\u205f\u200ato\u205f\u200a4%\u205f\u200aas\u205f\u200afrom\u205f\u200a1\u205f\u200aJanuary\u205f\u200a2018.
\nOn\u205f\u200a 5\u205f\u200a April\u205f\u200a 2013,\u205f\u200a Socficom\u205f\u200a filed\u205f\u200a a\u205f\u200a tax\u205f\u200a claim\u205f\u200a against\u205f\u200a
\nthe\u205f\u200a6\u205f\u200aex\u205f\u200aofficio\u205f\u200atax\u205f\u200aassessments.\u205f\u200aThese\u205f\u200a6\u205f\u200aclaims\u205f\u200awere\u205f\u200a
\ndeclared\u205f\u200aadmissible,\u205f\u200abut\u205f\u200awere\u205f\u200arejected.
\nSocficom\u205f\u200a filed\u205f\u200a an\u205f\u200a action\u205f\u200a before\u205f\u200a the\u205f\u200a \u201cTribunal\u205f\u200a de\u205f\u200a
\npremi\u00e8re\u205f\u200ainstance\u205f\u200afrancophone\u201d\u205f\u200aof\u205f\u200aBrussels.\u205f\u200a
\nThe\u205f\u200a \u201cTribunal\u205f\u200a de\u205f\u200a premi\u00e8re\u205f\u200a instance\u205f\u200a francophone\u201d\u205f\u200a
\nof\u205f\u200aBrussels,\u205f\u200aby\u205f\u200ajudgement\u205f\u200adated\u205f\u200afrom\u205f\u200a26\u205f\u200aApril\u205f\u200a2019,\u205f\u200a
\ndeclared\u205f\u200a the\u205f\u200a claim\u205f\u200aadmissible\u205f\u200a and\u205f\u200apartially\u205f\u200a founded\u205f\u200a
\n
\n\n\ninsofar\u205f\u200aas\u205f\u200ait\u205f\u200aordered\u205f\u200athe\u205f\u200apartial\u205f\u200arelief\u205f\u200aof\u205f\u200athe\u205f\u200adisputed\u205f\u200a
\ntaxes.
\nSocficom\u205f\u200a considers\u205f\u200a that\u205f\u200a this\u205f\u200a decision,\u205f\u200a although\u205f\u200a
\npartially\u205f\u200a favourable\u205f\u200a to\u205f\u200a the\u205f\u200a argument\u205f\u200a it\u205f\u200a defended\u205f\u200a
\nbefore the Court, is not satisfactory, given the
\nacquittal\u205f\u200adecision\u205f\u200areferred\u205f\u200ato\u205f\u200aabove.
\nThe\u205f\u200atax\u205f\u200aauthorities\u205f\u200awant\u205f\u200ato\u205f\u200atax\u205f\u200aSocficom\u205f\u200aexclusively\u205f\u200a
\non\u205f\u200athe\u205f\u200a basis\u205f\u200a of\u205f\u200athe\u205f\u200a elements\u205f\u200ain\u205f\u200athe\u205f\u200acriminal\u205f\u200a file,\u205f\u200a as\u205f\u200a
\nthe\u205f\u200a tax\u205f\u200a file\u205f\u200a does\u205f\u200a not\u205f\u200a contain\u205f\u200a any\u205f\u200a \u201cnew\u205f\u200a claims\u201d\u205f\u200a in\u205f\u200a
\nrelation\u205f\u200ato\u205f\u200athe\u205f\u200acriminal\u205f\u200aproceedings.\u205f\u200aThe\u205f\u200afacts\u205f\u200ajudged\u205f\u200a
\nin\u205f\u200athe\u205f\u200atax\u205f\u200aproceedings\u205f\u200ahave\u205f\u200aalready\u205f\u200abeen\u205f\u200adecided\u205f\u200aby\u205f\u200a
\nthe\u205f\u200a Court\u205f\u200a of\u205f\u200a Appeal\u205f\u200a (correctional\u205f\u200a chamber)\u205f\u200a which\u205f\u200a
\nacquitted\u205f\u200aSocficom\u205f\u200aand\u205f\u200athe\u205f\u200aother\u205f\u200adefendants.
\nThe\u205f\u200aCourt\u205f\u200acould\u205f\u200atherefore\u205f\u200anot\u205f\u200aagree\u205f\u200awith\u205f\u200athe\u205f\u200atax\u205f\u200aoffice\u205f\u200a
\non\u205f\u200athe\u205f\u200a basis\u205f\u200a of\u205f\u200adocuments,\u205f\u200a observations\u205f\u200aor\u205f\u200afindings,\u205f\u200a
\nwithout\u205f\u200a taking\u205f\u200a into\u205f\u200a consideration\u205f\u200a the\u205f\u200a judgement\u205f\u200a of\u205f\u200a
\nthe Court of Appeal of 23 October 2018. The Brussels
\nTax\u205f\u200a Court\u205f\u200a has\u205f\u200a\u201cre-heard\u201d\u205f\u200a the\u205f\u200a criminal\u205f\u200a case\u205f\u200a ignoring\u205f\u200a
\nthe\u205f\u200a acquittal\u205f\u200a of\u205f\u200a the\u205f\u200a 11th\u205f\u200a Chamber\u205f\u200a of\u205f\u200a the\u205f\u200a Brussels\u205f\u200a
\nCourt of Appeal.
\nSocficom\u205f\u200ahas\u205f\u200atherefore\u205f\u200adecided\u205f\u200ato\u205f\u200aappeal\u205f\u200aagainst\u205f\u200athe\u205f\u200a
\ntax\u205f\u200ajudgement\u205f\u200ain\u205f\u200aorder\u205f\u200ato\u205f\u200arequest\u205f\u200athat\u205f\u200athe\u205f\u200aCourt\u205f\u200agrants\u205f\u200a
\nthe\u205f\u200arequest\u205f\u200ainitially\u205f\u200aformulated\u205f\u200aby\u205f\u200athe\u205f\u200acompany,\u205f\u200ai.e.\u205f\u200a
\nto\u205f\u200aorder\u205f\u200athe\u205f\u200acomplete\u205f\u200acancellation\u205f\u200aof\u205f\u200athe\u205f\u200arelief\u205f\u200aof\u205f\u200athe\u205f\u200a
\ndisputed\u205f\u200ataxes.
\nTax\u205f\u200a judgements\u205f\u200a that\u205f\u200a are\u205f\u200a appealed\u205f\u200a against\u205f\u200a are\u205f\u200a not\u205f\u200a
\nenforceable\u205f\u200auntil\u205f\u200athe\u205f\u200aCourt\u205f\u200ahas\u205f\u200aruled\u205f\u200aon\u205f\u200athem.\u205f\u200a
\nThe\u205f\u200aamounts\u205f\u200a initially\u205f\u200a claimed\u205f\u200aby\u205f\u200a the\u205f\u200atax\u205f\u200a authorities\u205f\u200a
\nfrom\u205f\u200a Socficom\u205f\u200a amounted\u205f\u200a to\u205f\u200a EUR\u205f\u200a 77,343,783,\u205f\u200a
\nexcluding\u205f\u200ainterest\u205f\u200a(see\u205f\u200aabove),\u205f\u200afrom\u205f\u200awhich\u205f\u200ait\u205f\u200amust\u205f\u200abe\u205f\u200a
\ndeducted\u205f\u200athe\u205f\u200arelief\u205f\u200agranted\u205f\u200aby\u205f\u200athe\u205f\u200aCourt\u205f\u200aamounting\u205f\u200a
\nto EUR 50,000,000.
\nThe\u205f\u200a company\u2019s\u205f\u200a counsel\u205f\u200a and\u205f\u200a Group\u205f\u200a management\u205f\u200a are\u205f\u200a
\nof\u205f\u200a the\u205f\u200a opinion\u205f\u200athat\u205f\u200athe\u205f\u200a Court\u205f\u200a of\u205f\u200aAppeal\u205f\u200a should\u205f\u200afully\u205f\u200a
\ncancel\u205f\u200a these\u205f\u200a taxes,\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a acquittal\u205f\u200a decision\u205f\u200a
\nof\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal,\u205f\u200aCorrectional\u205f\u200aChamber,\u205f\u200adating\u205f\u200a
\nfrom\u205f\u200a23\u205f\u200aOctober\u205f\u200a2018\u205f\u200awhich\u205f\u200aconfirms:\u205f\u200a\u201cthat\u205f\u200athe\u205f\u200areal\u205f\u200a
\nseat\u205f\u200aof\u205f\u200athe\u205f\u200adefendant\u205f\u200aSocficom\u205f\u200ais\u205f\u200aindeed\u205f\u200aestablished\u205f\u200a
\nin\u205f\u200a Liechtenstein\u205f\u200a and\u205f\u200a that\u205f\u200a there\u205f\u200a is\u205f\u200a no\u205f\u200a reason\u205f\u200a to\u205f\u200a
\nlocate\u205f\u200a it\u205f\u200a in\u205f\u200a Brussels\u201d.\u205f\u200a Based\u205f\u200a on\u205f\u200a these\u205f\u200a elements,\u205f\u200a
\nthe management is of the opinion that no provision
\nshould\u205f\u200abe\u205f\u200arecorded\u205f\u200aas\u205f\u200athe\u205f\u200aprobability\u205f\u200aof\u205f\u200aan\u205f\u200aoutflow\u205f\u200aof\u205f\u200a
\nfinancial\u205f\u200aresources\u205f\u200aby\u205f\u200athe\u205f\u200aGroup\u205f\u200a is\u205f\u200a low.\u205f\u200aThe\u205f\u200afindings\u205f\u200a
\nof\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal\u205f\u200aare\u205f\u200anot\u205f\u200aexpected\u205f\u200abefore\u205f\u200a2024.
\n2. Litigation\u205f\u200aagainst\u205f\u200athe\u205f\u200aBelgian\u205f\u200aFederal\u205f\u200aPublic\u205f\u200aService\u205f\u200a
\nFinance\u205f\u200a(VAT)
\nAs\u205f\u200a described\u205f\u200a above,\u205f\u200a the\u205f\u200a Federal\u205f\u200a Public\u205f\u200a Service\u205f\u200a
\nFinance\u205f\u200amaintains\u205f\u200athat\u205f\u200aSocficom\u205f\u200ais\u205f\u200aa\u205f\u200aBelgian\u205f\u200aresident\u205f\u200a
\ncompany. The tax authorities are claiming VAT of
\nEUR\u205f\u200a3,054,160.15\u205f\u200afor\u205f\u200athe\u205f\u200ayears\u205f\u200a2006,\u205f\u200a2007,\u205f\u200a2008\u205f\u200aand\u205f\u200a
\n2009,\u205f\u200aadding\u205f\u200ato\u205f\u200athis\u205f\u200atax\u205f\u200afines\u205f\u200aand\u205f\u200ainterest\u205f\u200aat\u205f\u200aa\u205f\u200arate\u205f\u200aof\u205f\u200a
\n0.8%\u205f\u200aper\u205f\u200amonth\u205f\u200aas\u205f\u200afrom\u205f\u200a20\u205f\u200aJanuary\u205f\u200a2010.\u205f\u200a
\nThe\u205f\u200aamounts\u205f\u200aclaimed\u205f\u200aamount\u205f\u200ato\u205f\u200aEUR\u205f\u200a10,310,844.61,\u205f\u200a
\nsplit\u205f\u200aas\u205f\u200afollows:
\n-\u205f\u200a\u205f\u200aEUR\u205f\u200a3,054,160\u205f\u200afor\u205f\u200aVAT\u205f\u200a
\n-\u205f\u200a\u205f\u200aEUR\u205f\u200a1,148,364\u205f\u200ain\u205f\u200ainterest\u205f\u200a
\n-\u205f\u200a\u205f\u200aEUR\u205f\u200a6,108,320\u205f\u200ain\u205f\u200afines\u205f\u200a
\n-\u205f\u200a\u205f\u200aplus\u205f\u200ainterest\u205f\u200afor\u205f\u200alate\u205f\u200apayment\u205f\u200ato\u205f\u200abe\u205f\u200acalculated\u205f\u200aon\u205f\u200a
\nthe\u205f\u200aVAT\u205f\u200adue\u205f\u200afrom\u205f\u200a21\u205f\u200aDecember\u205f\u200a2013.
\nSocficom\u205f\u200acontested\u205f\u200athis\u205f\u200atax\u205f\u200abefore\u205f\u200athe\u205f\u200aBrussels\u205f\u200aCourt\u205f\u200a
\nof First Instance.
\nThe\u205f\u200a Court\u205f\u200a declared\u205f\u200a the\u205f\u200a claim\u205f\u200a admissible\u205f\u200a and\u205f\u200a
\npartially\u205f\u200a founded\u205f\u200a insofar\u205f\u200a as\u205f\u200a it\u205f\u200a cancelled\u205f\u200a the\u205f\u200a fines\u205f\u200a
\nof\u205f\u200a EUR\u205f\u200a 6,108,320\u205f\u200a and\u205f\u200a the\u205f\u200a interest\u205f\u200a charged\u205f\u200a on\u205f\u200a this\u205f\u200a
\namount.
\nSocficom\u205f\u200a considers\u205f\u200a that\u205f\u200a this\u205f\u200a decision,\u205f\u200a although\u205f\u200a
\npartially\u205f\u200a favorable\u205f\u200a to\u205f\u200a the\u205f\u200a case\u205f\u200a it\u205f\u200a defended\u205f\u200a before\u205f\u200a
\nthe\u205f\u200aCourt,\u205f\u200ais\u205f\u200anot\u205f\u200asatisfactory\u205f\u200asince\u205f\u200ait\u205f\u200awas\u205f\u200agranted\u205f\u200athe\u205f\u200a
\nacquittal\u205f\u200a following\u205f\u200a the\u205f\u200a judgement\u205f\u200a rendered\u205f\u200a by\u205f\u200a the\u205f\u200a
\n11th\u205f\u200aChamber\u205f\u200aof\u205f\u200athe\u205f\u200aBrussels\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal\u205f\u200adating\u205f\u200a
\nfrom 23 October 2018.
\nIn\u205f\u200aorder\u205f\u200ato\u205f\u200aclaim\u205f\u200athe\u205f\u200adisputed\u205f\u200aVAT\u205f\u200afrom\u205f\u200aSocficom,\u205f\u200athe\u205f\u200a
\ntax\u205f\u200a authorities\u205f\u200a based\u205f\u200a themselves\u205f\u200a exclusively\u205f\u200a on\u205f\u200a the\u205f\u200a
\ncriminal\u205f\u200a file.\u205f\u200a However,\u205f\u200a the\u205f\u200a Brussels\u205f\u200a Court\u205f\u200a could\u205f\u200a not\u205f\u200a
\nignore\u205f\u200a the\u205f\u200a acquittal\u205f\u200a decision\u205f\u200aand\u205f\u200a condemn\u205f\u200a Socficom\u205f\u200a
\nwithout\u205f\u200ataking\u205f\u200ainto\u205f\u200aaccount\u205f\u200athe\u205f\u200afinal\u205f\u200aand\u205f\u200ares\u205f\u200ajudicata\u205f\u200a
\njudgement\u205f\u200aof\u205f\u200athe\u205f\u200aBrussels\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal.
\nIn the absence of new elements brought by the tax
\nauthorities\u205f\u200a and\u205f\u200a having\u205f\u200a an\u205f\u200a impact\u205f\u200a on\u205f\u200a the\u205f\u200a outcome\u205f\u200a
\nof\u205f\u200a the\u205f\u200a trial,\u205f\u200a the\u205f\u200a decision\u205f\u200a of\u205f\u200a the\u205f\u200a Court\u205f\u200a of\u205f\u200aAppeal\u205f\u200a of\u205f\u200a
\n23\u205f\u200a October\u205f\u200a 2018\u205f\u200a could\u205f\u200a not\u205f\u200a be\u205f\u200a challenged\u205f\u200a and\u205f\u200a is\u205f\u200a
\nbinding\u205f\u200aon\u205f\u200athe\u205f\u200aCourt.
\nSocficom\u205f\u200atherefore\u205f\u200adecided\u205f\u200ato\u205f\u200aappeal\u205f\u200athe\u205f\u200atax\u205f\u200aruling\u205f\u200ain\u205f\u200a
\norder\u205f\u200ato\u205f\u200arequest\u205f\u200athat\u205f\u200athe\u205f\u200aCourt\u205f\u200ato\u205f\u200agrant\u205f\u200athe\u205f\u200arequest\u205f\u200a
\ninitially\u205f\u200a made\u205f\u200a by\u205f\u200a the\u205f\u200a company,\u205f\u200a i.e.\u205f\u200a to\u205f\u200a order\u205f\u200a a\u205f\u200a tax\u205f\u200a
\nrelief\u205f\u200afor\u205f\u200athe\u205f\u200adisputed\u205f\u200ataxes.
\n
\n\n\nThe\u205f\u200aCompany\u2019s\u205f\u200acounsel\u205f\u200aand\u205f\u200athe\u205f\u200aGroup\u2019s\u205f\u200amanagement\u205f\u200a
\nare\u205f\u200aof\u205f\u200athe\u205f\u200aopinion\u205f\u200athat\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal\u205f\u200ashould\u205f\u200afully\u205f\u200a
\ncancel\u205f\u200a these\u205f\u200a taxes,\u205f\u200a based\u205f\u200a on\u205f\u200a the\u205f\u200a acquittal\u205f\u200a decision\u205f\u200a
\nof\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal,\u205f\u200aCorrectional\u205f\u200aChamber,\u205f\u200adating\u205f\u200a
\nfrom\u205f\u200a23\u205f\u200aOctober\u205f\u200a2018,\u205f\u200awhich\u205f\u200aconfirms:\u205f\u200a\u201cthat\u205f\u200athe\u205f\u200areal\u205f\u200a
\nseat\u205f\u200aof\u205f\u200athe\u205f\u200adefendant\u205f\u200aSocficom\u205f\u200ais\u205f\u200aindeed\u205f\u200aestablished\u205f\u200a
\nin\u205f\u200aLiechtenstein\u205f\u200aand\u205f\u200athat\u205f\u200athere\u205f\u200ais\u205f\u200ano\u205f\u200areason\u205f\u200ato\u205f\u200alocate\u205f\u200a
\nit\u205f\u200ain\u205f\u200aBrussels\".\u205f\u200aBased\u205f\u200aon\u205f\u200athese\u205f\u200aelements,\u205f\u200amanagement\u205f\u200a
\nis\u205f\u200aof\u205f\u200athe\u205f\u200aopinion\u205f\u200athat\u205f\u200ano\u205f\u200aprovision\u205f\u200ashould\u205f\u200abe\u205f\u200arecorded\u205f\u200a
\nas\u205f\u200athe\u205f\u200aprobability\u205f\u200aof\u205f\u200aan\u205f\u200aoutflow\u205f\u200aof\u205f\u200afinancial\u205f\u200aresources\u205f\u200a
\nby\u205f\u200athe\u205f\u200aGroup\u205f\u200ais\u205f\u200alow.\u205f\u200aThe\u205f\u200afindings\u205f\u200aof\u205f\u200athe\u205f\u200aCourt\u205f\u200aof\u205f\u200aAppeal\u205f\u200a
\nare\u205f\u200anot\u205f\u200aexpected\u205f\u200abefore\u205f\u200a2024.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag32": {
"value": "\nNote 37. Political and economic environment
\nThe\u205f\u200aCompany\u205f\u200aholds\u205f\u200ainterests\u205f\u200ain\u205f\u200asubsidiaries\u205f\u200aoperating\u205f\u200a
\nin South-East Asia.
\nGiven\u205f\u200athe\u205f\u200aeconomic\u205f\u200aand\u205f\u200apolitical\u205f\u200ainstability\u205f\u200ain\u205f\u200asome\u205f\u200aof\u205f\u200a
\nthese countries, these investments represent a risk in
\nterms\u205f\u200aof\u205f\u200aexposure\u205f\u200ato\u205f\u200apolitical\u205f\u200aand\u205f\u200aeconomic\u205f\u200achanges.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag33": {
"value": "\nNote 38. Events after the closing date
\nThere\u205f\u200aare\u205f\u200ano\u205f\u200amaterial\u205f\u200aevents\u205f\u200aafter\u205f\u200athe\u205f\u200aclosing\u205f\u200adate\u205f\u200ato\u205f\u200amention.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag34": {
"value": "\nNote 39. Auditor\u2019s fees
\n2023 2022
\nEUR EUR
\nAudit\u205f\u200a(VAT\u205f\u200aincluded)
\n375,814 394,614
\nThe\u205f\u200aaudit\u205f\u200afees\u205f\u200ainclude\u205f\u200aall\u205f\u200afees\u205f\u200apaid\u205f\u200ato\u205f\u200athe\u205f\u200aindependent\u205f\u200a
\nstatutory\u205f\u200aauditor\u205f\u200aof\u205f\u200athe\u205f\u200aGroup\u205f\u200anamely\u205f\u200aEY\u205f\u200aas\u205f\u200awell\u205f\u200aas\u205f\u200a
\nthose\u205f\u200a paid\u205f\u200a to\u205f\u200a member\u205f\u200afirms\u205f\u200awithin\u205f\u200a EY\u2019s\u205f\u200a network\u205f\u200afor\u205f\u200a
\nthe relevant years. No consulting work or other non-
\naudit\u205f\u200a services\u205f\u200a have\u205f\u200a been\u205f\u200a performed\u205f\u200a by\u205f\u200a this\u205f\u200a firm\u205f\u200a in\u205f\u200a
\n2023 or in 2022.
\n
\n\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"Tag35": {
"value": "S.A.",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:222100I5M4DM5G5NES09",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
}
}
}