1.1\n\u00a0\u00a0\u00a0\u00a0\nBasis of preparation
\n\u00a0
\nThese financial\nstatements consolidate those of the parent company and its\nsubsidiaries (together referred to as the \u2018Group\u2019 and\nindividually as \u2018Company\u2019).
\n\u00a0
\nThese consolidated and\nseparate financial statements are prepared in accordance with\nInternational Financial Reporting Standards (IFRSs) as adopted by\nthe European Union (EU) and comply with the Companies Act\n(Cap.386).\u00a0 The consolidated and separate financial statements\nhave also been prepared in accordance with IFRS Standards adopted\nby the European Union and therefore the Group consolidated\nfinancial statements comply with Article 4 of the EU IAS\nConsolidated Regulation.
\n\u00a0
\nThe consolidated and\nseparate financial statements are presented in Euro (\u20ac) which\nis the Group and the Company\u2019s functional currency. The\naccounting policies set out below have been applied consistently to\nall periods presented in these financial statements.
\n\u00a0
\nThe consolidated and\nseparate financial statements are prepared under the historical\ncost convention, except for the revaluation of Property, plant, and\nequipment, and Right-of-use assets that are measured at revalued\namounts, as explained in the accounting policies below. Historical\ncost is generally based on the fair value of the consideration\ngiven in exchange for goods and services.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "zbF-vF0C1l": { "value": "1.1\n\u00a0\u00a0\u00a0\u00a0\nBasis of preparation
\n\u00a0
\nThese financial\nstatements consolidate those of the parent company and its\nsubsidiaries (together referred to as the \u2018Group\u2019 and\nindividually as \u2018Company\u2019).
\n\u00a0
\nThese consolidated and\nseparate financial statements are prepared in accordance with\nInternational Financial Reporting Standards (IFRSs) as adopted by\nthe European Union (EU) and comply with the Companies Act\n(Cap.386).\u00a0 The consolidated and separate financial statements\nhave also been prepared in accordance with IFRS Standards adopted\nby the European Union and therefore the Group consolidated\nfinancial statements comply with Article 4 of the EU IAS\nConsolidated Regulation.
\n\u00a0
\nThe consolidated and\nseparate financial statements are presented in Euro (\u20ac) which\nis the Group and the Company\u2019s functional currency. The\naccounting policies set out below have been applied consistently to\nall periods presented in these financial statements.
\n\u00a0
\nThe consolidated and\nseparate financial statements are prepared under the historical\ncost convention, except for the revaluation of Property, plant, and\nequipment, and Right-of-use assets that are measured at revalued\namounts, as explained in the accounting policies below. Historical\ncost is generally based on the fair value of the consideration\ngiven in exchange for goods and services.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Ns63XD7Ab.": { "value": "These consolidated and\nseparate financial statements are prepared in accordance with\nInternational Financial Reporting Standards (IFRSs) as adopted by\nthe European Union (EU) and comply with the Companies Act\n(Cap.386).\u00a0 The consolidated and separate financial statements\nhave also been prepared in accordance with IFRS Standards adopted\nby the European Union and therefore the Group consolidated\nfinancial statements comply with Article 4 of the EU IAS\nConsolidated Regulation.", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "IcTlwA.b3J": { "value": "1.2.\n\u00a0\u00a0\u00a0\u00a0\nSummary of material accounting\npolicies
\n\u00a0
\nThe principal\naccounting policies adopted in the preparation of these\nconsolidated and separate financial statements are set out below.\nThese policies have been consistently applied to all the years\npresented, unless otherwise stated.
\n\u00a0
\na.\n Standards, interpretations and amendments to published\nstandards effective in 2025
\n\u00a0
\nSome accounting\npronouncements which have become effective from 1 January 2025 and\nhave therefore been adopted do not have a significant impact on the\nGroup and Company\u2019s financial results or position.
\n\u00a0
\nAmendments that are\neffective for the first time in 2025 and could be applicable to the\ncompany are:
\n\u00a0
\n| \n \u2022 \n | \n\n Lack of Exchangeability\n(Amendments to IAS 21). \n | \n
\u00a0
\nThe adoption of these\nrevisions to the requirements of IFRSs as adopted by the EU did not\nresult in changes to the Group\u2019s nor the Company\u2019s\naccounting policies impacting materially the Group\u2019s and the\nCompany\u2019s financial performance and position.
\n\u00a0
\nb.\n Standards, interpretations and amendments to published\nstandards that are not yet effective
\n\u00a0
\nCertain new standards,\namendments and interpretations to existing standards have been\npublished by the date of authorization of these financial\nstatements but not yet effective for the Group\u2019s and\nCompany\u2019s current reporting period.
\n\u00a0
\nStandards and\namendments that are not yet effective and have not been adopted\nearly by the Group and the Company include:
\n\u00a0
\n| \n \u2022 \n | \n\n Amendments to the\nClassification and Measurement of Financial Instruments (Amendments\nto IFRS 9 and 7) \n | \n
| \n \u2022 \n | \n\n Contracts Referencing\nNature-dependent Electricity (Amendments to IFRS 9 and IFRS\n7) \n | \n
| \n \u2022 \n | \n\n Annual Improvements to\nIFRS Accounting Standards\u2014Volume 11 \n | \n
| \n \u2022 \n | \n\n IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
| \n \u2022 \n | \n\n Amendments to IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
\u00a0
\nNone of these Standards\nor amendments to existing Standards have been adopted early by the\nGroup and the Company and no Interpretations have been issued that\nare applicable and need to be taken into consideration by the Group\nand the Company at either reporting date.
\n\u00a0
\nIn April 2024, the IASB\nissued IFRS 18 \u2018Presentation and Disclosure in Financial\nStatements\u2019, effective for annual reporting periods beginning\non or after 1January 2027, but has not yet been endorsed by the EU.\nThe new accounting standard aims to give users of financial\nstatements more transparent and comparable information about an\nentity\u2019s financial performance. It will replace IAS 1\n\u2018Presentation of Financial Statements\u2019 but carries over\nmany requirements from that standard. In addition, there are new\nrequirements relating to the structure of the income statement,\nmanagement-defined performance measures and the aggregation and\ndisaggregation of financial information. While IFRS 18 will not\nchange recognition criteria or measurement bases, it may have an\nimpact on presenting information in the financial statements, in\nparticular the income statement and the cash flow statement. The\nGroup will be assessing the detailed implications of applying the\nnew standard on the Group\u2019s financial statements, subsequent\nto endorsement by the EU.
\n\u00a0
\nc.\n Basis of\nconsolidation
\n\u00a0
\nThe Group\u2019s\nconsolidated financial statements consolidate those of the parent\ncompany and all of its subsidiaries as of 31 December 2025. The\nsubsidiaries have a reporting date of 31 December. Control is\nachieved when the Company
\n\u00a0
\n| \n \u2022 \n | \n\n has the power over the\ninvestee \n | \n
| \n \u2022 \n | \n\n Is exposed, or has\nrights, to variable returns from its involvement with the\ninvestee \n | \n
| \n \u2022 \n | \n\n Has the ability to use\nits power to affect its returns \n | \n
\u00a0
\nThe Company reassesses\nwhether or not it controls an investee if facts and circumstances\nindicate that there are changes to one or more of the three\nelements of control listed above.
\n\u00a0
\nWhen the Company has\nless than a majority of the voting rights of an investee, it\nconsiders that it has power over the investee when the voting\nrights are sufficient to give it the practical ability to direct\nthe relevant activities of the investee unilaterally. The Company\nconsiders all relevant facts and circumstances in assessing whether\nor not the Company\u2019s voting rights in an investee are\nsufficient to give it power, including:
\n\u00a0
\n| \n \u2022 \n | \n\n The size of the\nCompany\u2019s holding of voting rights relative to the size and\ndispersion of holdings of the other vote holders \n | \n
| \n \u2022 \n | \n\n Potential voting rights\nheld by the Company, other vote holders or other parties \n | \n
| \n \u2022 \n | \n\n Rights arising from\nother contractual arrangements \n | \n
| \n \u2022 \n | \n\n Any additional facts and\ncircumstances that indicate that the Company has, or does not have,\nthe current ability to direct the relevant activities at the time\nthat decisions need to be made, including voting patterns at\nprevious shareholder\u2019s meetings. \n | \n
\u00a0
\nConsolidation of a\nsubsidiary begins when the Company obtains control over the\nsubsidiary and ceases when the Company loses control of the\nsubsidiary. Specifically, the results of subsidiaries acquired or\ndisposed of during the year are included in profit or loss from the\ndate the Company gains control until the date when the Company\nceases to control the subsidiary.
\n\u00a0
\nWhere necessary,\nadjustments are made to the financial statements of subsidiaries to\nbring the accounting policies used into line with the Group\u2019s\naccounting policies.
\n\u00a0
\nAll intragroup assets\nand liabilities, equity, income, expenses and cash flows relating\nto transactions between the members of the Group are eliminated on\nconsolidation.
\n\u00a0
\nNon-controlling\ninterests in subsidiaries are identified separately from the\nGroup\u2019s equity therein. Those interests of non-controlling\nshareholders that are present ownership interests entitling their\nholders to a proportionate share of net assets upon liquidation may\ninitially be measured at fair value or at the non-controlling\ninterests\u2019 proportionate share of the fair value of the\nacquiree\u2019s identifiable net assets. The choice of measurement\nis made on an acquisition-by-acquisition basis. Other\nnon-controlling interests are initially measured at fair value.\nSubsequent to acquisition, the carrying amount of non-controlling\ninterests is the amount of those interests at initial recognition\nplus the non-controlling interests\u2019 share of subsequent\nchanges in equity.
\n\u00a0
\nProfit or loss and each\ncomponent of other comprehensive income are attributed to the\nowners of the Company and to the non-controlling interests. Total\ncomprehensive income of the subsidiaries is attributed to the\nowners of the Company and to the non-controlling interests even if\nthis results in the non-controlling interests having a deficit\nbalance.
\n\u00a0
\nChanges in the\nGroup\u2019s interests in subsidiaries that do not result in a\nloss of control are accounted for as equity transactions. The\ncarrying amount of the Group\u2019s interests and the\nnon-controlling interests are adjusted to reflect the changes in\ntheir relative interests in the subsidiaries. Any difference\nbetween the amount by which the noncontrolling interests are\nadjusted and the fair value of the consideration paid or received\nis recognised directly in equity and attributed to the owners of\nthe Company.
\n\u00a0
\nWhen the Group loses\ncontrol of a subsidiary, the gain or loss on disposal recognised in\nprofit or loss is calculated as the difference between (i) the\naggregate of the fair value of the consideration received and the\nfair value of any retained interest and (ii) the previous carrying\namount of the assets (including goodwill), less liabilities of the\nsubsidiary and any non-controlling interests. All amounts\npreviously recognised in other comprehensive income in relation to\nthat subsidiary are accounted for as if the Group had directly\ndisposed of the related assets or liabilities of the subsidiary\n(i.e. reclassified to profit or loss or transferred to another\ncategory of equity as required/permitted by applicable IFRS\nAccounting Standards). The fair value of any investment retained in\nthe former subsidiary at the date when control is lost is regarded\nas the fair value on initial recognition for subsequent accounting\nunder IFRS\u00a09 Financial Instruments when applicable, or the\ncost on initial recognition of an investment in an associate or a\njoint venture.
\n\u00a0
\nd.\n Use of\nestimates and judgements
\n\u00a0
\nIn preparing the\nconsolidated and separate financial statements, the directors are\nrequired to make judgements, estimates and assumptions that affect\nreported income, expenses, assets, liabilities and disclosure of\ncontingent assets and liabilities. Use of available information and\napplication of judgment are inherent in the formation of estimates.\nActual results in the future could differ from such estimates and\nthe differences may be material to the financial statements. These\nestimates are reviewed on a regular basis and, if a change is\nneeded, it is accounted for in the year the changes become known.\nExcept for the below, in the opinion of the Board of Directors, the\naccounting estimates, assumptions and judgements made in the course\nof preparing these financial statements are not difficult,\nsubjective or complex to a degree which would warrant their\ndescription as significant in terms of the requirements of IAS 1\n(revised) - \u2018Presentation of financial\nstatements\u2019.
\n\u00a0
\nThe key assumptions\nconcerning the future and other key sources of estimation\nuncertainty at the reporting date, that have a significant risk of\ncausing a material adjustment to the carrying amount of assets and\nliabilities within the next financial year, are described\nbelow.
\n\u00a0
\nFair value of\nproperty, plant and equipment and right-of-use\nassets
\n\u00a0
\nThe Group and the\nCompany uses the services of professional valuers to revalue\nproperty, plant and equipment and right-of-use assets. The\nprofessional valuers take into account the market\nparticipant\u2019s ability to generate economic benefits by using\nthe asset in its highest and best use or by selling it to another\nmarket participant that would use the asset in its highest and best\nuse.
\n\u00a0
\nThe highest and best use\nof a non-financial asset takes into account the use of the asset\nthat is physically possible, legally permissible and financially\nfeasible, as follows:
\n\u00a0
\n| \n - \n | \n\n A use that is physically\npossible, takes into account the physical characteristics of the\nasset that market participants would take into account when pricing\nthe asset (e.g. the location or size of a property). \n\u00a0 \n | \n
| \n - \n | \n\n A use that is legally\npermissible takes into account any legal restrictions on the use of\nthe asset that market participants would take into account when\npricing the asset (e.g. the zoning regulations applicable to a\nproperty). \n\u00a0 \n | \n
| \n - \n | \n\n A use that is\nfinancially feasible takes into account whether a use of the asset\nthat is physically possible and legally permissible generates\nadequate income or cash flows (taking into account the costs of\nconverting the asset to that use) to produce an investment return\nthat market participants would require from an investment in that\nasset put to that use. \n | \n
\u00a0
\nAs described in Notes 8\nand 9, the Group and the Company uses valuation techniques that\ninclude inputs that are not always based on observable market data\nin order to estimate the fair value of property, plant and\nequipment and right-of-use assets. This Note also provides detailed\ninformation regarding these valuation methods and the key\nassumptions used in performing such valuations.
\n\u00a0
\nHowever, in the opinion\nof the Board of Directors, there are no areas involving a higher\ndegree of judgement or complexity, or areas where assumptions and\nestimates are significant to the financial statements\n.
\n\u00a0
\nUseful lives of\ndepreciable assets
\n\u00a0
\nManagement reviews its\nestimate of the useful lives of depreciable assets at each\nreporting date, based on the expected utility of the assets.\nUncertainties in these estimates relate to physical wear and tear,\ntechnical, technological, or commercial obsolescence.
\n\u00a0
\nDetermination of the\nappropriate discount rate to measure lease\nliabilities
\n\u00a0
\nThe Group cannot\nreadily determine the interest rate implicit in the lease,\ntherefore, it uses its incremental borrowing rate (IBR) in\ndetermining its lease liability at the lease commencement date. The\nIBR is the rate that the Group would have to pay to borrow over\nsimilar terms which requires estimations when no observable rates\nare available. The IBR therefore reflects the interest rate the\nGroup would have to pay to borrow money to purchase a similar asset\nto that which is being leased. These rates are, when necessary,\nthen adjusted to reflect the credit worthiness of the entity\nentering into the lease and the specific condition of the\nunderlying leased asset.
\n\u00a0
\ne.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nRevenue recognition
\n\u00a0
\nRevenue comprises the\nfair value of the consideration received or receivable for the sale\nof goods and services in the ordinary course of the company\u2019s\nactivities. Revenue is shown net of value added tax, returns,\nrebates and discounts. The Group recognises revenue when (or as) it\nsatisfies a performance obligation by transferring control of a\npromised good or service to the customer. The Group has generally\nconcluded that it is the principal in its revenue\narrangements.
\n\u00a0
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n\u00a0
\n| \n i. \n | \n\n Identifying the\ncontract with a customer \n | \n
| \n ii. \n | \n\n Identifying the\nperformance obligations \n | \n
| \n iii. \n | \n\n Determining the\ntransaction price \n | \n
| \n iv. \n | \n\n Allocating the\ntransaction price to the performance obligations \n | \n
| \n v. \n | \n\n Recognising revenue\nwhen/as performance obligations are satisfied. \n | \n
\u00a0
\nThe Group often enters\ninto transactions involving a range of care home services and\nproperty sales. In all cases, the total transaction price for a\ncontract is allocated amongst the various performance obligations\nbased on their relative stand-alone selling prices. The transaction\nprice for a contract excludes any amounts collected on behalf of\nthird parties.
\n\u00a0
\nThe Group and the\nCompany recognises revenue from the following major\nsources:
\n\u00a0
\n| \n i. \n | \n\n Sales of property are\nrecognised when the significant risks and rewards of ownership of\nthe property being sold effectively transferred to the buyer. This\nis generally considered to occur at the later of the contract of\nsale and the date when all the company\u2019s obligations relating\nto the property are completed and the possession of the property\ncan be transferred in the manner stipulated by the contract of\nsale. Amounts received in respect of sales that have not yet been\nrecognised in the financial statements, due to the fact that the\nsignificant risks and rewards of ownership still rest with the\ncompany, are treated as payments received on account and presented\nwithin trade and other payable. \n | \n
| \n ii. \n | \n\n Old people home\nservices are recognised over time on a systematic basis based on\nthe period consumed as a proportion of the total contractual\nperiod. \n | \n
| \n iii. \n | \n\n Interest income is\nrecognized as it accrues unless collectability is in\ndoubt. \n | \n
\u00a0
\nf.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nAdministrative expenses
\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\nAdministrative\nexpenses comprise expenses incurred in the day \u2011 to \u2011 day administration of the Group\nsuch as employee \u2011 related costs, professional and legal fees, office expenses\nand other general overheads.
\n\u00a0
\nAdministrative\nexpenses are recognised in the consolidated statement of profit or\nloss in the period in which the services are received or the\nexpenses are incurred.
\n\u00a0
\ng.\n\u00a0\u00a0\u00a0\u00a0\nForeign currencies
\n\u00a0
\nFunctional and\npresentation currency
\n\u00a0
\nItems included in the\nGroup\u2019s consolidated, and the Company\u2019s separate\nfinancial statements are measured using the currency of the primary\neconomic environment in which the entity operates.\u00a0 The Euro\nis the Group\u2019s and the Company\u2019s functional and\npresentation currency.
\n\u00a0
\nTransactions and\nbalances
\n\u00a0
\nForeign currency\ntransactions are translated into the functional currency (Euro)\nusing the exchange rates prevailing at the dates of the\ntransactions.\u00a0 Foreign exchange gains and losses resulting\nfrom the settlement of such transactions and from the translation\nat year-end exchange rates of monetary assets and liabilities\ndenominated in foreign currencies are recognised in the\nconsolidated statement of profit or loss and other comprehensive\nincome.
\n\u00a0
\nh.\n\u00a0\u00a0\u00a0\u00a0\nProperty, plant and equipment
\n\u00a0
\nProperty, plant and\nequipment, comprising land and building, improvement to premises,\nfurniture and fittings and equipment, are initially recorded at\ncost and are subsequently stated at the revalued amount less\ndepreciation and impairment losses, if any.\u00a0 Historical cost\nincludes expenditure that is directly attributable to the\nacquisition of items.
\n\u00a0
\nLand is revalued once\nevery three years and any revaluation surplus is recognised in\nother comprehensive income and credited to the revaluation reserve\nin equity.\u00a0 To the extent that any revaluation decrease or\nimpairment loss has previously been recognised in profit or loss, a\nrevaluation increase is credited to profit or loss with the\nremaining part of the increase recognised in other comprehensive\nincome.\u00a0 Downward valuations of land are recognised upon\nappraisal or impairment testing, with the decrease being charged to\nother comprehensive income to the extent of any revaluation surplus\nin equity relating to this asset and any remaining decrease in\nprofit or loss.\u00a0 Any revaluation surplus remaining in equity\non disposal of asset is transferred to retained\nearnings.
\n\u00a0
\nSubsequent costs are\nincluded in the asset\u2019s carrying amount, or recognised as a\nseparate asset, as appropriate, only when it is probable that\nfuture economic benefits associated with the item will flow to the\nGroup, and the cost of the item can be measured reliably.\u00a0 All\nother repairs and maintenance are charged to the statement of\nprofit or loss and other comprehensive income during the financial\nyear in which they are incurred.
\n\u00a0
\nDepreciation is\ncalculated on the straight-line method to allocate the cost of the\nassets to their residual values over their estimated useful lives\nas follows:
\n\u00a0
\n| \n - Buildings \n | \n\n 1.50% - 2.00% \n | \n
| \n - Improvement to\npremises \n | \n\n 5.00% \n | \n
| \n - Furniture and\nfittings \n | \n\n 10.00% \n | \n
| \n - Equipment \n | \n\n 7.50% -\n20.00% \n | \n
\u00a0
\nFreehold land is not\ndepreciated as it is deemed to have an indefinite useful\nlife.
\n\u00a0
\nThe assets\u2019\nresidual values and useful lives are reviewed, and adjusted if\nappropriate, at the end of each reporting year.
\n\u00a0
\nGains and losses on\ndisposal of property, plant and equipment are determined by\ncomparing proceeds with the carrying amount, and are taken into\naccount in determining operating profit.
\n\u00a0
\nAn asset\u2019s\ncarrying amount is written down immediately to its recoverable\namount if its carrying amount is greater than its estimated\nrecoverable amount (Accounting policy (l)).
\n\u00a0
\ni.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nLeases
\n\u00a0
\nThe Group as\nlessee
\n\u00a0
\nThe Group assesses\nwhether a contract is, or contains, a lease, at inception of the\ncontract. The Group recognises a right-of-use asset and a\ncorresponding lease liability with respect to all lease\narrangements in which it is the lessee, except for short-term\nleases (defined as leases with a lease term of 12 months or less)\nand leases of low value assets (such as tablets and personal\ncomputers, small items of office furniture and telephones). For\nthese leases, the Group recognises the lease payments as an\noperating expense on a straight-line basis over the term of the\nlease unless another systematic basis is more representative of the\ntime pattern in which economic benefits from the leased assets are\nconsumed.
\n\u00a0
\nAt lease commencement\ndate, the Group recognises a Right-of-use asset and a Lease\nliability in the consolidated statement of financial position. The\nRight-of-use asset is measured at cost, which is made up of the\ninitial measurement of the lease liability, any initial direct\ncosts incurred by the Group, and lease payments made in advance at\nthe commencement date.
\n\u00a0
\nSubsequent to initial\nmeasurement, the right-of-use asset is stated at revalued amounts.\nRevalued amounts are fair values based on appraisals prepared by\nexternal professional valuers annually or more frequently if market\nfactors indicate a material change in fair value. Any revaluation\nsurplus is recognised in other comprehensive income and credited to\nthe revaluation reserve in equity. To the extent that any\nrevaluation decrease or impairment loss (note i) has previously\nbeen recognised in profit or loss, a revaluation increase is\ncredited to profit or loss with the remaining part of the increase\nrecognised in other comprehensive income. Downward revaluations of\nright-of-use assets are recognised upon appraisal or impairment\ntesting, with the decrease being charged to other comprehensive\nincome to the extent of any revaluation surplus in equity relating\nto this asset and any remaining decrease recognised in profit or\nloss. Any revaluation surplus remaining in equity on disposal of\nthe asset is transferred to retained earnings.
\n\u00a0
\nThe company depreciates\nthe right-of-use assets on a straight-line basis from the lease\ncommencement date to the earlier of the end of the useful life of\nthe right-of-use asset or the end of the lease term.\nThe right-of-use assets, together with the\nuplifts are depreciated over the remaining lease term.
\n\u00a0
\nThe lease liability is\ninitially measured at the present value of the lease payments that\nare not paid at the commencement date, discounted by using the rate\nimplicit in the lease. If this rate cannot be readily determined,\nthe Group uses its incremental borrowing rate.
\n\u00a0
\nLease payments included\nin the measurement of the lease liability comprise:
\n\u00a0
\n| \n \u2022 \n | \n\n Fixed lease payments\n(including in-substance fixed payments), less any lease incentives\nreceivable \n | \n
| \n \u2022 \n | \n\n Variable lease payments\nthat depend on an index or rate, initially measured using the index\nor rate at the commencement date \n | \n
| \n \u2022 \n | \n\n The amount expected to\nbe payable by the lessee under residual value guarantees \n | \n
| \n \u2022 \n | \n\n The exercise price of\npurchase options if the lessee is reasonably certain to exercise\nthe options \n | \n
| \n \u2022 \n | \n\n Payments of penalties\nfor terminating the lease, if the lease term reflects the exercise\nof an option to terminate the lease \n | \n
\u00a0
\nThe lease liability is\npresented as a separate line in the consolidated and separate\nstatement of financial position.
\n\u00a0
\nThe lease liability is\nsubsequently measured by increasing the carrying amount to reflect\ninterest on the lease liability (using the effective interest\nmethod) and by reducing the carrying amount to reflect the lease\npayments made.
\n\u00a0
\nWhen the lease liability\nis remeasured, the corresponding adjustment is reflected in the\nright-of-use asset, or profit and loss if the right-of-use asset is\nalready reduced to zero.
\n\u00a0
\nOn the consolidated\nstatement of financial position, the Group has opted to disclose\nthe right-of-use assets and lease liabilities as separate financial\nstatement line items.
\n\u00a0
\nj.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestments in subsidiaries
\n\u00a0
\nIn the Company\u2019s\nseparate financial statements, investments in subsidiaries are\naccounted for by the cost method of accounting.\u00a0 The dividend\nincome from such investments is included in the statement of profit\nor loss and other comprehensive income.in the accounting year in\nwhich the Company\u2019s rights to receive payment of any dividend\nis established.\u00a0 The Company gathers objective evidence that\nan investment is impaired.\u00a0 On disposal of an investment, the\ndifference between the net disposal proceeds and the carrying\namount is charged or credited to the statement of profit or loss\nand other comprehensive income.
\n\u00a0
\nk.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestments in associates
\n\u00a0
\nAn associate is an\nentity over which the Group and the Company have significant\ninfluence and that is neither a subsidiary nor an interest in a\njoint venture. Significant influence is the power to participate in\nthe financial and operating policy decisions of the investee but is\nnot control or joint control over those policies.
\n\u00a0
\nThe results and assets\nand liabilities of associates are incorporated in these financial\nstatements using the equity method of accounting, except when the\ninvestment is classified as held for sale, in which case it is\naccounted for in accordance with IFRS 5.
\n\u00a0
\nUnder the equity method,\nan investment in an associate is\nrecognized initially in the consolidated and\nseparate statement of financial position at cost and adjusted\nthereafter to recognize the Group\u2019s and the Company\u2019s\nshare of the profit or loss and other comprehensive income of the\nassociate. When the Group\u2019s and the Company\u2019s share of\nlosses of an associate exceeds the Group\u2019s and the\nCompany\u2019s interest in that associate (which includes any\nlong-term interests that, in substance, form part of the\nGroup\u2019s and the Company\u2019s net investment in the\nassociate or joint venture), the Group and the Company discontinue\nrecognising its share of further losses. Additional losses are\nrecognised only to the extent that the Group and the Company has\nincurred legal or constructive obligations or made payments on\nbehalf of the associate or joint venture.
\n\u00a0
\nAn investment in an\nassociate is accounted for using the equity method from the date on\nwhich the investee becomes an associate. On acquisition of the\ninvestment in an associate, any excess of the cost of the\ninvestment over the Group\u2019s and the Company\u2019s share of\nthe net fair value of the identifiable assets and liabilities of\nthe investee is recognised as goodwill, which is included within\nthe carrying amount of the investment. Any excess of the\nGroup\u2019s and the Company\u2019s share of the net fair value\nof the identifiable assets and liabilities over the cost of the\ninvestment, after reassessment, is recognised immediately in profit\nor loss in the period in which the investment is\nacquired.
\n\u00a0
\nIf there is objective\nevidence that the Group\u2019s and the Company\u2019s net\ninvestment in an associate is impaired, the requirements of IAS 36\nare applied to determine whether it is necessary to recognise any\nimpairment loss with respect to the Group\u2019s and the\nCompany\u2019s investment. When necessary, the entire carrying\namount of the investment (including goodwill) is tested for\nimpairment in accordance with IAS 36 as a single asset by comparing\nits recoverable amount (higher of value in use and fair value less\ncosts of disposal) with its carrying amount. Any impairment loss\nrecognised is not allocated to any asset, including goodwill that\nforms part of the carrying amount of the investment. Any reversal\nof that impairment loss is recognised in accordance with IAS 36 to\nthe extent that the recoverable amount of the investment\nsubsequently increases.
\n\u00a0
\nThe Group and the\nCompany discontinues the use of the equity method from the date\nwhen the investment ceases to be an associate. When the Group and\nthe Company retain an interest in the former associate and the\nretained interest is a financial asset, the Group and the Company\nmeasures the retained interest at fair value at that date and the\nfair value is regarded as its fair value on initial recognition in\naccordance with IFRS 9. The difference between the carrying amount\nof the associate at the date the equity method was discontinued,\nand the fair value of any retained interest and any proceeds from\ndisposing of a part interest in the associate is included in the\ndetermination of the gain or loss on disposal of the associate. In\naddition, the Group and the Company accounts for all amounts\npreviously recognised in other comprehensive income in relation to\nthat associate on the same basis as would be required if that\nassociate had directly disposed of the related assets or\nliabilities. Therefore, if a gain or loss previously recognised in\nother comprehensive income by that associate would be reclassified\nto profit or loss on the disposal of the related assets or\nliabilities, the Group and the Company reclassifies the gain or\nloss from equity to profit or loss (as a reclassification\nadjustment) when the associate is disposed of.
\n\u00a0
\nWhen the Group and the\nCompany reduces its ownership interest in an associate or a joint\nventure but the Group continues to use the equity method, the Group\nand the Company reclassifies to profit or loss the proportion of\nthe gain or loss that had previously been recognised in other\ncomprehensive income relating to that reduction in ownership\ninterest if that gain or loss would be reclassified to profit or\nloss on the disposal of the related assets or\nliabilities.
\n\u00a0
\nWhen a Group and the\nCompany entity transacts with an associate of the Group and the\nCompany, profits and losses resulting from the transactions with\nthe associate are recognised in the Group\u2019s and the\nCompany\u2019s consolidated and separate financial statements only\nto the extent of interests in the associate that are not related to\nthe Group and the Company.
\n\u00a0
\nThe Group and the\nCompany applies IFRS 9, including the impairment requirements, to\nlong-term interests in an associate to which the equity method is\nnot applied and which form part of the net investment in the\ninvestee. Furthermore, in applying IFRS 9 to long-term interests,\nthe Group and the Company does not take into account adjustments to\ntheir carrying amount required by IAS 28 Investments in Associates\n(i.e. adjustments to the carrying amount of long-term interests\narising from the allocation of losses of the investee or assessment\nof impairment in accordance with IAS 28).
\n\u00a0
\nl.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nImpairment of non-financial\nassets
\n\u00a0
\nAt each reporting date,\nthe Group and the Company reviews the carrying amounts of its\nassets that have an indefinite useful life to determine whether\nthere is any indication that those assets have suffered an\nimpairment loss. If any such indication exists, the recoverable\namount of the asset is estimated to determine the extent of the\nimpairment loss (if any). Where the asset does not generate cash\nflows that are independent from other assets, the Group and the\nCompany estimates the recoverable amount of the cash-generating\nunit to which the asset belongs. When a reasonable and consistent\nbasis of allocation can be identified, corporate assets are also\nallocated to individual cash-generating units, or otherwise they\nare allocated to the smallest group of cash-generating units for\nwhich a reasonable and consistent allocation basis can be\nidentified.
\n\u00a0
\nRecoverable amount is\nthe higher of fair value less costs of disposal and value in use.\nIn assessing value in use, the estimated future cash flows are\ndiscounted to their present value using a pre-tax discount rate\nthat reflects current market assessments of the time value of money\nand the risks specific to the asset for which the estimates of\nfuture cash flows have not been adjusted.
\n\u00a0
\nIf the recoverable\namount of an asset (or cash-generating unit) is estimated to be\nless than its carrying amount, the carrying amount of the asset (or\ncash-generating unit) is reduced to its recoverable amount. An\nimpairment loss is recognised immediately in profit or loss, unless\nthe relevant asset is carried at a revalued amount, in which case\nthe impairment loss is treated as a revaluation decrease and to the\nextent that the impairment loss is greater than the related\nrevaluation surplus, the excess impairment loss is recognised in\nprofit or loss.
\n\u00a0
\nWhere an impairment loss\nsubsequently reverses, the carrying amount of the asset (or\ncash-generating unit) is increased to the revised estimate of its\nrecoverable amount, but so that the increased carrying amount does\nnot exceed the carrying amount that would have been determined had\nno impairment loss been recognised for the asset (or\ncash-generating unit) in prior years. A reversal of an impairment\nloss is recognised immediately in profit or loss to the extent that\nit eliminates the impairment loss which has been recognised for the\nasset in prior years. Any increase in excess of this amount is\ntreated as a revaluation increase.
\n\u00a0
\nm.\n\u00a0\u00a0\u00a0\nInventories
\n\u00a0
\nInventories represent\nproperties held for resale, consumables and works in progress and\nis stated at the lower of cost and net realisable value.\u00a0 Cost\ncomprises all purchase and development costs, and other costs\nincurred in bringing the inventories to their present location and\ncondition.\u00a0 Net realisable value represents the estimated\nselling price in the ordinary course of business less the estimated\ncosts necessary to make the sale.
\n\u00a0
\nWhen the property held\nfor resale is sold, its carrying amount is recognised as an expense\nin the period in which the related revenue is recognised. The\ncarrying amount of property or inventory held for resale recognised\nin profit or loss is determined with reference to the directly\nattributable costs incurred on the property sold.
\n\u00a0
\nn.\n\u00a0\u00a0\u00a0\u00a0\nFair value measurement
\n\u00a0
\nThe Group measures\nnon-financial assets such as immovable properties at fair value at\neach statement of financial position date.
\n\u00a0
\nFair value is the price\nthat would be received to sell an asset or paid to transfer a\nliability in an orderly transaction between market participants at\nthe measurement date. The fair value measurement is based on the\npresumption that the transaction to sell the asset or transfer the\nliability takes place either:
\n\u00a0
\n| \n - \n | \n\n In the principal market\nfor the asset or liability, or \n | \n
| \n - \n | \n\n In the absence of a\nprincipal market, in the most advantageous market for the asset or\nliability. \n | \n
\u00a0
\nThe principal or the\nmost advantageous market must be accessible by the Group. The fair\nvalue of an asset or a liability is measured using the assumptions\nthat market participants would use when pricing the asset or\nliability, assuming that market participants act in their economic\nbest interest.
\n\u00a0
\nA fair value measurement\nof a non-financial asset takes into account a market\nparticipant\u2019s ability to generate economic benefits by using\nthe asset in its highest and best use or by selling it to another\nmarket participant that would use the asset in its highest and best\nuse.
\n\u00a0
\nThe Group uses valuation\ntechniques that are appropriate in the circumstances and for which\nsufficient data are available to measure fair value, maximising the\nuse of relevant observable inputs and minimising the use of\nunobservable inputs.
\n\u00a0
\nAll assets and\nliabilities for which fair value is measured or disclosed in the\nconsolidated and separate financial statements are categorised\nwithin the fair value hierarchy, described as follows, based on the\nlowest level input that is significant to the fair value\nmeasurement as a whole:
\n\u00a0
\n| \n - \n | \n\n Level 1: Quoted\n(unadjusted) market prices in active markets for identical assets\nor liabilities \n | \n
| \n - \n | \n\n Level 2: Valuation\ntechniques for which the lowest level input that is significant to\nthe fair value measurement is directly or indirectly\nobservable \n | \n
| \n - \n | \n\n Level 3: Valuation\ntechniques for which the lowest level input that is significant to\nthe fair value measurement is unobservable. \n | \n
\u00a0
\nFor assets and\nliabilities that are recognised in the consolidated and separate\nfinancial statements at fair value on a recurring basis, the Group\ndetermines whether transfers have occurred between levels in the\nhierarchy by re-assessing categorisation (based on the lowest level\ninput that is significant to the fair value measurement as a whole)\nat the end of each reporting period.
\n\u00a0
\no.\n\u00a0\u00a0\u00a0\u00a0\nFinancial instruments
\n\u00a0
\nFinancial assets and\nfinancial liabilities are recognised in the Group\u2019s\nconsolidated and separate statement of financial position when the\nGroup becomes a party to the contractual provisions of the\ninstrument.
\n\u00a0
\nFinancial assets and\nfinancial liabilities are initially measured at fair value, except\nfor trade receivables that do not have a significant financing\ncomponent which are measured at transaction price. Transaction\ncosts that are directly attributable to the acquisition or issue of\nfinancial assets and financial liabilities (other than financial\nassets and financial liabilities at fair value through profit or\nloss) are added to or deducted from the fair value of the financial\nassets or financial liabilities, as appropriate, on initial\nrecognition. Transaction costs directly attributable to the\nacquisition of financial assets or financial liabilities at fair\nvalue through profit or loss are recognised immediately in profit\nor loss.
\n\u00a0
\ni) Financial\nassets
\n\u00a0
\n(a) \u00a0\u00a0\u00a0 Initial recognition and measurement
\n\u00a0
\nFinancial assets are\nclassified, at initial recognition either at amortised cost, fair\nvalue through other comprehensive income (\u201cOCI\u201d) or\nfair value through profit or loss.
\n\u00a0
\nThe classification of\nfinancial assets at initial recognition depends on the financial\nasset\u2019s contractual cash flow characteristics and the\nGroup\u2019s and Company\u2019s business model for managing them.\nWith the exception of trade receivables that do not contain a\nsignificant financing component, or for which the Group and the\nCompany has applied the practical expedient, the Group and the\nCompany initially measures a financial asset at its fair\nvalue.
\n\u00a0
\nTrade and other\nreceivables that do not contain a significant financing component\nor for which the Group and the Company has applied the practical\nexpedient are measured at the transaction price determined under\nIFRS 15.
\n\u00a0
\nIn order for a financial\nasset to be classified and measured at amortised cost or fair value\nthrough OCI, it needs to give rise to cash flows that are\n\u2018solely payments of principal and interest (SPPI)\u2019 on\nthe principal amount outstanding. This assessment is referred to as\nthe SPPI test and is performed at an instrument level.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s business model for managing financial assets\nrefer to how it manages its financial assets in order to generate\ncash flows. The business model determines whether cash flows will\nresult from collecting contractual cash flows, selling the\nfinancial assets, or both.
\n\u00a0
\n(b) \u00a0\u00a0\u00a0 Subsequent measurement
\n\u00a0
\nFor purposes of\nsubsequent measurement, financial assets are classified in four\ncategories:
\n\u00a0
\n| \n a) \n | \n\n Financial assets at\namortised cost; \n | \n
| \n b) \n | \n\n Financial assets at fair\nvalue through OCI with recycling of cumulative gains and losses\n(debt instruments); \n | \n
| \n c) \n | \n\n Financial assets\ndesignated at fair value through OCI with no recycling of\ncumulative gains and losses upon derecognition (equity\ninstruments); \n | \n
| \n d) \n | \n\n Financial assets at fair\nvalue through profit or loss \n | \n
\u00a0
\nThe Group and the\nCompany does not hold any financial assets at fair value through\nOCI, financial assets designated at fair value through OCI and\nfinancial assets at fair value through profit or loss.
\n\u00a0
\nFinancial assets at\namortised cost
\n\u00a0
\nThe Group and the\nCompany measures financial assets at amortised cost if both of the\nfollowing conditions are met:
\n\u00a0
\n| \n a) \n | \n\n The financial asset is\nheld within a business model with the objective to hold financial\nassets in order to collect contractual cash flows; and \n | \n
| \n b) \n | \n\n The contractual terms of\nthe financial asset give rise on specified dates to cash flows that\nare solely payments of principal and interest on the principal\namount outstanding. \n | \n
\u00a0
\nFinancial assets at\namortised cost are subsequently measured using the effective\ninterest rate (\u201cEIR\u201d) method and are subject to\nimpairment. Gains and losses are recognised in profit or loss when\nthe asset is derecognised, modified or impaired.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s financial assets at amortised cost are trade\nand other receivables which are expected to be received within 1\nyear from year end.
\n\u00a0
\n(c) \u00a0\u00a0\u00a0 Derecognition
\n\u00a0
\nA financial asset is\nprimarily derecognised when:
\n\u00a0
\n| \n a) \n | \n\n The rights to receive\ncash flows from the asset have expired; or \n | \n
| \n b) \n | \n\n The Group and the Company\nhas transferred its rights to receive cash flows from the asset, or\nhas assumed an obligation to pay the received cash flows in full\nwithout material delay to a third party and either the Group and\nthe Company has transferred substantially all the risks and rewards\nof the asset or the Group and the Company has neither transferred\nnor retained substantially all the risks and rewards of the asset,\nbut has transferred control of the asset. \n | \n
\u00a0
\n(d) \u00a0\u00a0\u00a0 Impairment
\n\u00a0
\n\n\u00a0
\nFor trade and other\nreceivables, the Group and the Company applies a simplified\napproach in calculating ECLs. Therefore, the Group and the Company\ndoes not track changes in credit risk, but instead recognises a\nloss allowance based on lifetime ECLs at each reporting date. The\nGroup and the Company has established a provision matrix that is\nbased on its historical credit loss experience, adjusted for\nforward-looking factors specific to debtors and the economic\nenvironment.
\n\u00a0
\nThe Group and the\nCompany considers a financial asset in default when contractual\npayments are ninety (90) days past due. However, in certain cases,\nthe Group and the Company may also consider a financial asset to be\nin default when internal or external information indicates that the\nGroup and the Company is unlikely to receive the outstanding\ncontractual amounts in full before taking into account any credit\nenhancements held by the Group and the Company. A financial asset\nis written-off when there is no reasonable expectation of\nrecovering the contractual cash flows.
\n\u00a0
\nii) Financial\nliabilities and equity
\n\u00a0
\n(e) \u00a0\u00a0\u00a0 Classification as debt or equity
\n\u00a0
\nDebt and equity\ninstruments are classified as either financial liabilities or as\nequity in accordance with the substance of the contractual\narrangements and the definitions of a financial liability and an\nequity instrument.
\n\u00a0
\n| \n a) \n | \n\n Equity\ninstruments \n | \n
\u00a0
\nAn equity instrument is\nany contract that evidences a residual interest in the assets of an\nentity after deducting all of its liabilities. Equity instruments\nissued by the Group and the Company are recognised at the proceeds\nreceived, net of direct issue costs.
\n\u00a0
\nRepurchase of the\nGroup\u2019s and the Company\u2019s own equity instruments is\nrecognised and deducted directly in equity. No gain or loss is\nrecognised in profit or loss on the purchase, sale, issue or\ncancellation of the Group\u2019s and the Company\u2019s own\nequity instruments.
\n\u00a0
\n| \n b) \n | \n\n Financial\nliabilities \n | \n
\u00a0
\nAll financial\nliabilities are measured subsequently at amortised cost using the\neffective interest method or at FVTPL.
\n\u00a0
\nHowever, financial\nliabilities that arise when a transfer of a financial asset does\nnot qualify for derecognition or when the continuing involvement\napproach applies, and financial guarantee contracts issued by the\nGroup, are measured in accordance with the specific accounting\npolicies set out below.
\n\u00a0
\nFinancial liabilities at\nFVTPL
\n\u00a0
\nFinancial liabilities\nare classified as at FVTPL when the financial liability is (i)\ncontingent consideration of an acquirer in a business combination,\n(ii) held for trading or (iii) it is designated as at\nFVTPL.
\n\u00a0
\nA financial liability is\nclassified as held for trading if either:
\n\u00a0
\n| \n \u2022 \n | \n\n It has been acquired\nprincipally for the purpose of repurchasing it in the near\nterm. \n | \n
| \n \u2022 \n | \n\n On initial recognition\nit is part of a portfolio of identified financial instruments that\nthe Group manages together and has a recent actual pattern of\nshort-term profit-taking. \n | \n
| \n \u2022 \n | \n\n It is a derivative,\nexcept for a derivative that is a financial guarantee contract or a\ndesignated and effective hedging instrument. \n | \n
\u00a0
\nA financial liability\nother than a financial liability held for trading or contingent\nconsideration of an acquirer in a business combination may be\ndesignated as at FVTPL upon initial recognition if\neither:
\n\u00a0
\n| \n \u2022 \n | \n\n Such designation\neliminates or significantly reduces a measurement or recognition\ninconsistency that would otherwise arise \n | \n
| \n \u2022 \n | \n\n The financial liability\nforms part of a group of financial assets or financial liabilities\nor both, which is managed and its performance is evaluated on a\nfair value basis, in accordance with the Group\u2019s documented\nrisk management or investment strategy, and information about the\ngrouping is provided internally on that basis \n | \n
| \n \u2022 \n | \n\n It forms part of a\ncontract containing one or more embedded derivatives, and IFRS 9\npermits the entire combined contract to be designated as at\nFVTPL \n | \n
\u00a0
\nFinancial liabilities at\nFVTPL are measured at fair value, with any gains or losses arising\non changes in fair value recognised in profit or loss to the extent\nthat they are not part of a designated hedging relationship.\nThe net gain or loss\nrecognised in profit or loss incorporates any interest paid on the\nfinancial liability and is included in the \u2018Other gains and\nlosses\u2019 line item in profit or loss.
\n\u00a0
\nHowever, for financial\nliabilities that are designated as at FVTPL, the amount of change\nin the fair value of the financial liability that is attributable\nto changes in the credit risk of that liability is recognised in\nother comprehensive income, unless the recognition of the effects\nof changes in the liability\u2019s credit risk in other\ncomprehensive income would create or enlarge an accounting mismatch\nin profit or loss. The remaining amount of change in the fair value\nof liability is recognised in profit or loss. Changes in fair value\nattributable to a financial liability\u2019s credit risk that are\nrecognised in other comprehensive income are not subsequently\nreclassified to profit or loss; instead, they are transferred to\nretained earnings upon derecognition of the financial liability.\nGains or losses on financial guarantee contracts issued by the\nGroup and the Company that are designated by the Group and the\nCompany as at FVTPL are recognised in profit or loss.
\n\u00a0
\np.\n\u00a0\u00a0\u00a0\u00a0\nCash and cash equivalents
\n\u00a0
\nCash and cash\nequivalents are carried in the consolidated and separate statement\nof financial position at face value.\u00a0 For the purposes of the\nconsolidated and separate statement of cash flows, cash and cash\nequivalents comprise cash in hand and deposits held at call with\nbanks.
\n\u00a0
\nq.\n\u00a0\u00a0\u00a0\u00a0\nCurrent and deferred taxation
\n\u00a0
\nThe tax expense for the\nyear comprises current and deferred taxation.
\n\u00a0
\nTaxation is recognised\nin profit or loss, except to the extent that it relates to items\nrecognised in other comprehensive income or directly in equity. In\nthis case, the tax is also recognised in other comprehensive income\nor equity, respectively.
\n\u00a0
\n\n\u00a0
\nDeferred taxation is\nprovided using the liability method, for all temporary differences\narising between the tax bases of assets and liabilities and their\ncarrying values for financial reporting purposes. Deferred taxation\nis determined using tax rates (and laws) that have been enacted or\nsubstantially enacted by the end of the reporting year and are\nexpected to apply when the related deferred tax asset is realised\nor the deferred tax liability is settled. Deferred tax assets are\nrecognised only to the extent that it is probable that future\ntaxable profits will be available against which the temporary\ndifferences can be utilised.
\n\u00a0
\nr.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEmployee benefits
\n\u00a0
\nThe Group and the\nCompany contribute towards the state pension in accordance with\nlocal legislation. The only obligation is to make the required\ncontributions. Costs are expensed in the year in which they are\nincurred.
\n\u00a0
\ns.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nBorrowing costs
\n\u00a0
\nBorrowing costs include\nthe costs incurred in obtaining external financing. Borrowing costs\ndirectly attributable to the acquisition, construction or\nproduction of qualifying assets, which are assets that necessarily\ntake a substantial year of time to get ready for their intended use\nor sale, are capitalised from the time that expenditure for these\nassets and borrowing costs are being incurred and activities that\nare necessary to prepare these assets for their intended use or\nsale are in progress.
\n\u00a0
\nBorrowing costs are\ncapitalised until such time as the assets are substantially ready\nfor their intended use or sale. Borrowing costs are suspended\nduring extended years in which active development is interrupted.\nAll other borrowing costs are recognised as an expense in profit or\nloss in the year in which they are incurred.
\n\u00a0
\nt.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEquity
\n\u00a0
\nOrdinary shares are\nclassified as equity.
\n\u00a0
\nDividend distribution to\nthe Company\u2019s shareholders is recognised as a liability in\nthe Company\u2019s financial statements in the period in which the\ndividends are approved by the\nCompany\u2019s shareholders.
\n\u00a0
\nRetained earnings\ninclude the current and prior year results as disclosed in profit\nor loss less dividend distributions.
\n\u00a0
\nRevaluation reserve\nrepresents the surpluses arising on the revaluation of the\nGroup\u2019s right-of-use assets, and property, plant, and\nequipment, net of related deferred tax effects. When the revalued\nproperty is sold, the portion of the property revaluation reserve\nthat relates to that asset, and is effectively realised, is\ntransferred directly to retained earnings.
\n\u00a0
\nu.\n\u00a0\u00a0\u00a0\u00a0\nRelated parties
\n\u00a0
\nParties are considered\nto be related if one party has the ability, directly or indirectly,\nto control the other party or exercise significant influence over\nthe other party in making financial and operating decisions.\nParties are also considered to be related if they are subject to\ncommon control or common significant influence. Related parties may\nbe individuals or corporate entities. Related party accounts are\ncarried at cost, net of any impairment charge.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "m1vk9jJxYB": { "value": "a.\n Standards, interpretations and amendments to published\nstandards effective in 2025
\n\u00a0
\nSome accounting\npronouncements which have become effective from 1 January 2025 and\nhave therefore been adopted do not have a significant impact on the\nGroup and Company\u2019s financial results or position.
\n\u00a0
\nAmendments that are\neffective for the first time in 2025 and could be applicable to the\ncompany are:
\n\u00a0
\n| \n \u2022 \n | \n\n Lack of Exchangeability\n(Amendments to IAS 21). \n | \n
\u00a0
\nThe adoption of these\nrevisions to the requirements of IFRSs as adopted by the EU did not\nresult in changes to the Group\u2019s nor the Company\u2019s\naccounting policies impacting materially the Group\u2019s and the\nCompany\u2019s financial performance and position.
\n\u00a0
\nb.\n Standards, interpretations and amendments to published\nstandards that are not yet effective
\n\u00a0
\nCertain new standards,\namendments and interpretations to existing standards have been\npublished by the date of authorization of these financial\nstatements but not yet effective for the Group\u2019s and\nCompany\u2019s current reporting period.
\n\u00a0
\nStandards and\namendments that are not yet effective and have not been adopted\nearly by the Group and the Company include:
\n\u00a0
\n| \n \u2022 \n | \n\n Amendments to the\nClassification and Measurement of Financial Instruments (Amendments\nto IFRS 9 and 7) \n | \n
| \n \u2022 \n | \n\n Contracts Referencing\nNature-dependent Electricity (Amendments to IFRS 9 and IFRS\n7) \n | \n
| \n \u2022 \n | \n\n Annual Improvements to\nIFRS Accounting Standards\u2014Volume 11 \n | \n
| \n \u2022 \n | \n\n IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
| \n \u2022 \n | \n\n Amendments to IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
\u00a0
\nNone of these Standards\nor amendments to existing Standards have been adopted early by the\nGroup and the Company and no Interpretations have been issued that\nare applicable and need to be taken into consideration by the Group\nand the Company at either reporting date.
\n\u00a0
\nIn April 2024, the IASB\nissued IFRS 18 \u2018Presentation and Disclosure in Financial\nStatements\u2019, effective for annual reporting periods beginning\non or after 1January 2027, but has not yet been endorsed by the EU.\nThe new accounting standard aims to give users of financial\nstatements more transparent and comparable information about an\nentity\u2019s financial performance. It will replace IAS 1\n\u2018Presentation of Financial Statements\u2019 but carries over\nmany requirements from that standard. In addition, there are new\nrequirements relating to the structure of the income statement,\nmanagement-defined performance measures and the aggregation and\ndisaggregation of financial information. While IFRS 18 will not\nchange recognition criteria or measurement bases, it may have an\nimpact on presenting information in the financial statements, in\nparticular the income statement and the cash flow statement. The\nGroup will be assessing the detailed implications of applying the\nnew standard on the Group\u2019s financial statements, subsequent\nto endorsement by the EU.
", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "azDnOZZ1eE": { "value": "c.\n Basis of\nconsolidation
\n\u00a0
\nThe Group\u2019s\nconsolidated financial statements consolidate those of the parent\ncompany and all of its subsidiaries as of 31 December 2025. The\nsubsidiaries have a reporting date of 31 December. Control is\nachieved when the Company
\n\u00a0
\n| \n \u2022 \n | \n\n has the power over the\ninvestee \n | \n
| \n \u2022 \n | \n\n Is exposed, or has\nrights, to variable returns from its involvement with the\ninvestee \n | \n
| \n \u2022 \n | \n\n Has the ability to use\nits power to affect its returns \n | \n
\u00a0
\nThe Company reassesses\nwhether or not it controls an investee if facts and circumstances\nindicate that there are changes to one or more of the three\nelements of control listed above.
\n\u00a0
\nWhen the Company has\nless than a majority of the voting rights of an investee, it\nconsiders that it has power over the investee when the voting\nrights are sufficient to give it the practical ability to direct\nthe relevant activities of the investee unilaterally. The Company\nconsiders all relevant facts and circumstances in assessing whether\nor not the Company\u2019s voting rights in an investee are\nsufficient to give it power, including:
\n\u00a0
\n| \n \u2022 \n | \n\n The size of the\nCompany\u2019s holding of voting rights relative to the size and\ndispersion of holdings of the other vote holders \n | \n
| \n \u2022 \n | \n\n Potential voting rights\nheld by the Company, other vote holders or other parties \n | \n
| \n \u2022 \n | \n\n Rights arising from\nother contractual arrangements \n | \n
| \n \u2022 \n | \n\n Any additional facts and\ncircumstances that indicate that the Company has, or does not have,\nthe current ability to direct the relevant activities at the time\nthat decisions need to be made, including voting patterns at\nprevious shareholder\u2019s meetings. \n | \n
\u00a0
\nConsolidation of a\nsubsidiary begins when the Company obtains control over the\nsubsidiary and ceases when the Company loses control of the\nsubsidiary. Specifically, the results of subsidiaries acquired or\ndisposed of during the year are included in profit or loss from the\ndate the Company gains control until the date when the Company\nceases to control the subsidiary.
\n\u00a0
\nWhere necessary,\nadjustments are made to the financial statements of subsidiaries to\nbring the accounting policies used into line with the Group\u2019s\naccounting policies.
\n\u00a0
\nAll intragroup assets\nand liabilities, equity, income, expenses and cash flows relating\nto transactions between the members of the Group are eliminated on\nconsolidation.
\n\u00a0
\nNon-controlling\ninterests in subsidiaries are identified separately from the\nGroup\u2019s equity therein. Those interests of non-controlling\nshareholders that are present ownership interests entitling their\nholders to a proportionate share of net assets upon liquidation may\ninitially be measured at fair value or at the non-controlling\ninterests\u2019 proportionate share of the fair value of the\nacquiree\u2019s identifiable net assets. The choice of measurement\nis made on an acquisition-by-acquisition basis. Other\nnon-controlling interests are initially measured at fair value.\nSubsequent to acquisition, the carrying amount of non-controlling\ninterests is the amount of those interests at initial recognition\nplus the non-controlling interests\u2019 share of subsequent\nchanges in equity.
\n\u00a0
\nProfit or loss and each\ncomponent of other comprehensive income are attributed to the\nowners of the Company and to the non-controlling interests. Total\ncomprehensive income of the subsidiaries is attributed to the\nowners of the Company and to the non-controlling interests even if\nthis results in the non-controlling interests having a deficit\nbalance.
\n\u00a0
\nChanges in the\nGroup\u2019s interests in subsidiaries that do not result in a\nloss of control are accounted for as equity transactions. The\ncarrying amount of the Group\u2019s interests and the\nnon-controlling interests are adjusted to reflect the changes in\ntheir relative interests in the subsidiaries. Any difference\nbetween the amount by which the noncontrolling interests are\nadjusted and the fair value of the consideration paid or received\nis recognised directly in equity and attributed to the owners of\nthe Company.
\n\u00a0
\nWhen the Group loses\ncontrol of a subsidiary, the gain or loss on disposal recognised in\nprofit or loss is calculated as the difference between (i) the\naggregate of the fair value of the consideration received and the\nfair value of any retained interest and (ii) the previous carrying\namount of the assets (including goodwill), less liabilities of the\nsubsidiary and any non-controlling interests. All amounts\npreviously recognised in other comprehensive income in relation to\nthat subsidiary are accounted for as if the Group had directly\ndisposed of the related assets or liabilities of the subsidiary\n(i.e. reclassified to profit or loss or transferred to another\ncategory of equity as required/permitted by applicable IFRS\nAccounting Standards). The fair value of any investment retained in\nthe former subsidiary at the date when control is lost is regarded\nas the fair value on initial recognition for subsequent accounting\nunder IFRS\u00a09 Financial Instruments when applicable, or the\ncost on initial recognition of an investment in an associate or a\njoint venture.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "KLMY1yNydq": { "value": "d.\n Use of\nestimates and judgements
\n\u00a0
\nIn preparing the\nconsolidated and separate financial statements, the directors are\nrequired to make judgements, estimates and assumptions that affect\nreported income, expenses, assets, liabilities and disclosure of\ncontingent assets and liabilities. Use of available information and\napplication of judgment are inherent in the formation of estimates.\nActual results in the future could differ from such estimates and\nthe differences may be material to the financial statements. These\nestimates are reviewed on a regular basis and, if a change is\nneeded, it is accounted for in the year the changes become known.\nExcept for the below, in the opinion of the Board of Directors, the\naccounting estimates, assumptions and judgements made in the course\nof preparing these financial statements are not difficult,\nsubjective or complex to a degree which would warrant their\ndescription as significant in terms of the requirements of IAS 1\n(revised) - \u2018Presentation of financial\nstatements\u2019.
\n\u00a0
\nThe key assumptions\nconcerning the future and other key sources of estimation\nuncertainty at the reporting date, that have a significant risk of\ncausing a material adjustment to the carrying amount of assets and\nliabilities within the next financial year, are described\nbelow.
\n\u00a0
\nFair value of\nproperty, plant and equipment and right-of-use\nassets
\n\u00a0
\nThe Group and the\nCompany uses the services of professional valuers to revalue\nproperty, plant and equipment and right-of-use assets. The\nprofessional valuers take into account the market\nparticipant\u2019s ability to generate economic benefits by using\nthe asset in its highest and best use or by selling it to another\nmarket participant that would use the asset in its highest and best\nuse.
\n\u00a0
\nThe highest and best use\nof a non-financial asset takes into account the use of the asset\nthat is physically possible, legally permissible and financially\nfeasible, as follows:
\n\u00a0
\n| \n - \n | \n\n A use that is physically\npossible, takes into account the physical characteristics of the\nasset that market participants would take into account when pricing\nthe asset (e.g. the location or size of a property). \n\u00a0 \n | \n
| \n - \n | \n\n A use that is legally\npermissible takes into account any legal restrictions on the use of\nthe asset that market participants would take into account when\npricing the asset (e.g. the zoning regulations applicable to a\nproperty). \n\u00a0 \n | \n
| \n - \n | \n\n A use that is\nfinancially feasible takes into account whether a use of the asset\nthat is physically possible and legally permissible generates\nadequate income or cash flows (taking into account the costs of\nconverting the asset to that use) to produce an investment return\nthat market participants would require from an investment in that\nasset put to that use. \n | \n
\u00a0
\nAs described in Notes 8\nand 9, the Group and the Company uses valuation techniques that\ninclude inputs that are not always based on observable market data\nin order to estimate the fair value of property, plant and\nequipment and right-of-use assets. This Note also provides detailed\ninformation regarding these valuation methods and the key\nassumptions used in performing such valuations.
\n\u00a0
\nHowever, in the opinion\nof the Board of Directors, there are no areas involving a higher\ndegree of judgement or complexity, or areas where assumptions and\nestimates are significant to the financial statements\n.
\n\u00a0
\nUseful lives of\ndepreciable assets
\n\u00a0
\nManagement reviews its\nestimate of the useful lives of depreciable assets at each\nreporting date, based on the expected utility of the assets.\nUncertainties in these estimates relate to physical wear and tear,\ntechnical, technological, or commercial obsolescence.
\n\u00a0
\nDetermination of the\nappropriate discount rate to measure lease\nliabilities
\n\u00a0
\nThe Group cannot\nreadily determine the interest rate implicit in the lease,\ntherefore, it uses its incremental borrowing rate (IBR) in\ndetermining its lease liability at the lease commencement date. The\nIBR is the rate that the Group would have to pay to borrow over\nsimilar terms which requires estimations when no observable rates\nare available. The IBR therefore reflects the interest rate the\nGroup would have to pay to borrow money to purchase a similar asset\nto that which is being leased. These rates are, when necessary,\nthen adjusted to reflect the credit worthiness of the entity\nentering into the lease and the specific condition of the\nunderlying leased asset.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "sCPCvLN1NJ": { "value": "e.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nRevenue recognition
\n\u00a0
\nRevenue comprises the\nfair value of the consideration received or receivable for the sale\nof goods and services in the ordinary course of the company\u2019s\nactivities. Revenue is shown net of value added tax, returns,\nrebates and discounts. The Group recognises revenue when (or as) it\nsatisfies a performance obligation by transferring control of a\npromised good or service to the customer. The Group has generally\nconcluded that it is the principal in its revenue\narrangements.
\n\u00a0
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n\u00a0
\n| \n i. \n | \n\n Identifying the\ncontract with a customer \n | \n
| \n ii. \n | \n\n Identifying the\nperformance obligations \n | \n
| \n iii. \n | \n\n Determining the\ntransaction price \n | \n
| \n iv. \n | \n\n Allocating the\ntransaction price to the performance obligations \n | \n
| \n v. \n | \n\n Recognising revenue\nwhen/as performance obligations are satisfied. \n | \n
\u00a0
\nThe Group often enters\ninto transactions involving a range of care home services and\nproperty sales. In all cases, the total transaction price for a\ncontract is allocated amongst the various performance obligations\nbased on their relative stand-alone selling prices. The transaction\nprice for a contract excludes any amounts collected on behalf of\nthird parties.
\n\u00a0
\nThe Group and the\nCompany recognises revenue from the following major\nsources:
\n\u00a0
\n| \n i. \n | \n\n Sales of property are\nrecognised when the significant risks and rewards of ownership of\nthe property being sold effectively transferred to the buyer. This\nis generally considered to occur at the later of the contract of\nsale and the date when all the company\u2019s obligations relating\nto the property are completed and the possession of the property\ncan be transferred in the manner stipulated by the contract of\nsale. Amounts received in respect of sales that have not yet been\nrecognised in the financial statements, due to the fact that the\nsignificant risks and rewards of ownership still rest with the\ncompany, are treated as payments received on account and presented\nwithin trade and other payable. \n | \n
| \n ii. \n | \n\n Old people home\nservices are recognised over time on a systematic basis based on\nthe period consumed as a proportion of the total contractual\nperiod. \n | \n
| \n iii. \n | \n\n Interest income is\nrecognized as it accrues unless collectability is in\ndoubt. \n | \n
f.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nAdministrative expenses
\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\nAdministrative\nexpenses comprise expenses incurred in the day \u2011 to \u2011 day administration of the Group\nsuch as employee \u2011 related costs, professional and legal fees, office expenses\nand other general overheads.
\n\u00a0
\nAdministrative\nexpenses are recognised in the consolidated statement of profit or\nloss in the period in which the services are received or the\nexpenses are incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "XAxXA8bSFH": { "value": "g.\n\u00a0\u00a0\u00a0\u00a0\nForeign currencies
\n\u00a0
\nFunctional and\npresentation currency
\n\u00a0
\nItems included in the\nGroup\u2019s consolidated, and the Company\u2019s separate\nfinancial statements are measured using the currency of the primary\neconomic environment in which the entity operates.\u00a0 The Euro\nis the Group\u2019s and the Company\u2019s functional and\npresentation currency.
\n\u00a0
\nTransactions and\nbalances
\n\u00a0
\nForeign currency\ntransactions are translated into the functional currency (Euro)\nusing the exchange rates prevailing at the dates of the\ntransactions.\u00a0 Foreign exchange gains and losses resulting\nfrom the settlement of such transactions and from the translation\nat year-end exchange rates of monetary assets and liabilities\ndenominated in foreign currencies are recognised in the\nconsolidated statement of profit or loss and other comprehensive\nincome.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fju.xrXIzs": { "value": "h.\n\u00a0\u00a0\u00a0\u00a0\nProperty, plant and equipment
\n\u00a0
\nProperty, plant and\nequipment, comprising land and building, improvement to premises,\nfurniture and fittings and equipment, are initially recorded at\ncost and are subsequently stated at the revalued amount less\ndepreciation and impairment losses, if any.\u00a0 Historical cost\nincludes expenditure that is directly attributable to the\nacquisition of items.
\n\u00a0
\nLand is revalued once\nevery three years and any revaluation surplus is recognised in\nother comprehensive income and credited to the revaluation reserve\nin equity.\u00a0 To the extent that any revaluation decrease or\nimpairment loss has previously been recognised in profit or loss, a\nrevaluation increase is credited to profit or loss with the\nremaining part of the increase recognised in other comprehensive\nincome.\u00a0 Downward valuations of land are recognised upon\nappraisal or impairment testing, with the decrease being charged to\nother comprehensive income to the extent of any revaluation surplus\nin equity relating to this asset and any remaining decrease in\nprofit or loss.\u00a0 Any revaluation surplus remaining in equity\non disposal of asset is transferred to retained\nearnings.
\n\u00a0
\nSubsequent costs are\nincluded in the asset\u2019s carrying amount, or recognised as a\nseparate asset, as appropriate, only when it is probable that\nfuture economic benefits associated with the item will flow to the\nGroup, and the cost of the item can be measured reliably.\u00a0 All\nother repairs and maintenance are charged to the statement of\nprofit or loss and other comprehensive income during the financial\nyear in which they are incurred.
\n\u00a0
\nDepreciation is\ncalculated on the straight-line method to allocate the cost of the\nassets to their residual values over their estimated useful lives\nas follows:
\n\u00a0
\n| \n - Buildings \n | \n\n 1.50% - 2.00% \n | \n
| \n - Improvement to\npremises \n | \n\n 5.00% \n | \n
| \n - Furniture and\nfittings \n | \n\n 10.00% \n | \n
| \n - Equipment \n | \n\n 7.50% -\n20.00% \n | \n
\u00a0
\nFreehold land is not\ndepreciated as it is deemed to have an indefinite useful\nlife.
\n\u00a0
\nThe assets\u2019\nresidual values and useful lives are reviewed, and adjusted if\nappropriate, at the end of each reporting year.
\n\u00a0
\nGains and losses on\ndisposal of property, plant and equipment are determined by\ncomparing proceeds with the carrying amount, and are taken into\naccount in determining operating profit.
\n\u00a0
\nAn asset\u2019s\ncarrying amount is written down immediately to its recoverable\namount if its carrying amount is greater than its estimated\nrecoverable amount (Accounting policy (l)).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "cru3x_0XX-": { "value": "i.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nLeases
\n\u00a0
\nThe Group as\nlessee
\n\u00a0
\nThe Group assesses\nwhether a contract is, or contains, a lease, at inception of the\ncontract. The Group recognises a right-of-use asset and a\ncorresponding lease liability with respect to all lease\narrangements in which it is the lessee, except for short-term\nleases (defined as leases with a lease term of 12 months or less)\nand leases of low value assets (such as tablets and personal\ncomputers, small items of office furniture and telephones). For\nthese leases, the Group recognises the lease payments as an\noperating expense on a straight-line basis over the term of the\nlease unless another systematic basis is more representative of the\ntime pattern in which economic benefits from the leased assets are\nconsumed.
\n\u00a0
\nAt lease commencement\ndate, the Group recognises a Right-of-use asset and a Lease\nliability in the consolidated statement of financial position. The\nRight-of-use asset is measured at cost, which is made up of the\ninitial measurement of the lease liability, any initial direct\ncosts incurred by the Group, and lease payments made in advance at\nthe commencement date.
\n\u00a0
\nSubsequent to initial\nmeasurement, the right-of-use asset is stated at revalued amounts.\nRevalued amounts are fair values based on appraisals prepared by\nexternal professional valuers annually or more frequently if market\nfactors indicate a material change in fair value. Any revaluation\nsurplus is recognised in other comprehensive income and credited to\nthe revaluation reserve in equity. To the extent that any\nrevaluation decrease or impairment loss (note i) has previously\nbeen recognised in profit or loss, a revaluation increase is\ncredited to profit or loss with the remaining part of the increase\nrecognised in other comprehensive income. Downward revaluations of\nright-of-use assets are recognised upon appraisal or impairment\ntesting, with the decrease being charged to other comprehensive\nincome to the extent of any revaluation surplus in equity relating\nto this asset and any remaining decrease recognised in profit or\nloss. Any revaluation surplus remaining in equity on disposal of\nthe asset is transferred to retained earnings.
\n\u00a0
\nThe company depreciates\nthe right-of-use assets on a straight-line basis from the lease\ncommencement date to the earlier of the end of the useful life of\nthe right-of-use asset or the end of the lease term.\nThe right-of-use assets, together with the\nuplifts are depreciated over the remaining lease term.
\n\u00a0
\nThe lease liability is\ninitially measured at the present value of the lease payments that\nare not paid at the commencement date, discounted by using the rate\nimplicit in the lease. If this rate cannot be readily determined,\nthe Group uses its incremental borrowing rate.
\n\u00a0
\nLease payments included\nin the measurement of the lease liability comprise:
\n\u00a0
\n| \n \u2022 \n | \n\n Fixed lease payments\n(including in-substance fixed payments), less any lease incentives\nreceivable \n | \n
| \n \u2022 \n | \n\n Variable lease payments\nthat depend on an index or rate, initially measured using the index\nor rate at the commencement date \n | \n
| \n \u2022 \n | \n\n The amount expected to\nbe payable by the lessee under residual value guarantees \n | \n
| \n \u2022 \n | \n\n The exercise price of\npurchase options if the lessee is reasonably certain to exercise\nthe options \n | \n
| \n \u2022 \n | \n\n Payments of penalties\nfor terminating the lease, if the lease term reflects the exercise\nof an option to terminate the lease \n | \n
\u00a0
\nThe lease liability is\npresented as a separate line in the consolidated and separate\nstatement of financial position.
\n\u00a0
\nThe lease liability is\nsubsequently measured by increasing the carrying amount to reflect\ninterest on the lease liability (using the effective interest\nmethod) and by reducing the carrying amount to reflect the lease\npayments made.
\n\u00a0
\nWhen the lease liability\nis remeasured, the corresponding adjustment is reflected in the\nright-of-use asset, or profit and loss if the right-of-use asset is\nalready reduced to zero.
\n\u00a0
\nOn the consolidated\nstatement of financial position, the Group has opted to disclose\nthe right-of-use assets and lease liabilities as separate financial\nstatement line items.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "VM7XnlF5uP": { "value": "j.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestments in subsidiaries
\n\u00a0
\nIn the Company\u2019s\nseparate financial statements, investments in subsidiaries are\naccounted for by the cost method of accounting.\u00a0 The dividend\nincome from such investments is included in the statement of profit\nor loss and other comprehensive income.in the accounting year in\nwhich the Company\u2019s rights to receive payment of any dividend\nis established.\u00a0 The Company gathers objective evidence that\nan investment is impaired.\u00a0 On disposal of an investment, the\ndifference between the net disposal proceeds and the carrying\namount is charged or credited to the statement of profit or loss\nand other comprehensive income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "gKGQeK3FuY": { "value": "k.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestments in associates
\n\u00a0
\nAn associate is an\nentity over which the Group and the Company have significant\ninfluence and that is neither a subsidiary nor an interest in a\njoint venture. Significant influence is the power to participate in\nthe financial and operating policy decisions of the investee but is\nnot control or joint control over those policies.
\n\u00a0
\nThe results and assets\nand liabilities of associates are incorporated in these financial\nstatements using the equity method of accounting, except when the\ninvestment is classified as held for sale, in which case it is\naccounted for in accordance with IFRS 5.
\n\u00a0
\nUnder the equity method,\nan investment in an associate is\nrecognized initially in the consolidated and\nseparate statement of financial position at cost and adjusted\nthereafter to recognize the Group\u2019s and the Company\u2019s\nshare of the profit or loss and other comprehensive income of the\nassociate. When the Group\u2019s and the Company\u2019s share of\nlosses of an associate exceeds the Group\u2019s and the\nCompany\u2019s interest in that associate (which includes any\nlong-term interests that, in substance, form part of the\nGroup\u2019s and the Company\u2019s net investment in the\nassociate or joint venture), the Group and the Company discontinue\nrecognising its share of further losses. Additional losses are\nrecognised only to the extent that the Group and the Company has\nincurred legal or constructive obligations or made payments on\nbehalf of the associate or joint venture.
\n\u00a0
\nAn investment in an\nassociate is accounted for using the equity method from the date on\nwhich the investee becomes an associate. On acquisition of the\ninvestment in an associate, any excess of the cost of the\ninvestment over the Group\u2019s and the Company\u2019s share of\nthe net fair value of the identifiable assets and liabilities of\nthe investee is recognised as goodwill, which is included within\nthe carrying amount of the investment. Any excess of the\nGroup\u2019s and the Company\u2019s share of the net fair value\nof the identifiable assets and liabilities over the cost of the\ninvestment, after reassessment, is recognised immediately in profit\nor loss in the period in which the investment is\nacquired.
\n\u00a0
\nIf there is objective\nevidence that the Group\u2019s and the Company\u2019s net\ninvestment in an associate is impaired, the requirements of IAS 36\nare applied to determine whether it is necessary to recognise any\nimpairment loss with respect to the Group\u2019s and the\nCompany\u2019s investment. When necessary, the entire carrying\namount of the investment (including goodwill) is tested for\nimpairment in accordance with IAS 36 as a single asset by comparing\nits recoverable amount (higher of value in use and fair value less\ncosts of disposal) with its carrying amount. Any impairment loss\nrecognised is not allocated to any asset, including goodwill that\nforms part of the carrying amount of the investment. Any reversal\nof that impairment loss is recognised in accordance with IAS 36 to\nthe extent that the recoverable amount of the investment\nsubsequently increases.
\n\u00a0
\nThe Group and the\nCompany discontinues the use of the equity method from the date\nwhen the investment ceases to be an associate. When the Group and\nthe Company retain an interest in the former associate and the\nretained interest is a financial asset, the Group and the Company\nmeasures the retained interest at fair value at that date and the\nfair value is regarded as its fair value on initial recognition in\naccordance with IFRS 9. The difference between the carrying amount\nof the associate at the date the equity method was discontinued,\nand the fair value of any retained interest and any proceeds from\ndisposing of a part interest in the associate is included in the\ndetermination of the gain or loss on disposal of the associate. In\naddition, the Group and the Company accounts for all amounts\npreviously recognised in other comprehensive income in relation to\nthat associate on the same basis as would be required if that\nassociate had directly disposed of the related assets or\nliabilities. Therefore, if a gain or loss previously recognised in\nother comprehensive income by that associate would be reclassified\nto profit or loss on the disposal of the related assets or\nliabilities, the Group and the Company reclassifies the gain or\nloss from equity to profit or loss (as a reclassification\nadjustment) when the associate is disposed of.
\n\u00a0
\nWhen the Group and the\nCompany reduces its ownership interest in an associate or a joint\nventure but the Group continues to use the equity method, the Group\nand the Company reclassifies to profit or loss the proportion of\nthe gain or loss that had previously been recognised in other\ncomprehensive income relating to that reduction in ownership\ninterest if that gain or loss would be reclassified to profit or\nloss on the disposal of the related assets or\nliabilities.
\n\u00a0
\nWhen a Group and the\nCompany entity transacts with an associate of the Group and the\nCompany, profits and losses resulting from the transactions with\nthe associate are recognised in the Group\u2019s and the\nCompany\u2019s consolidated and separate financial statements only\nto the extent of interests in the associate that are not related to\nthe Group and the Company.
\n\u00a0
\nThe Group and the\nCompany applies IFRS 9, including the impairment requirements, to\nlong-term interests in an associate to which the equity method is\nnot applied and which form part of the net investment in the\ninvestee. Furthermore, in applying IFRS 9 to long-term interests,\nthe Group and the Company does not take into account adjustments to\ntheir carrying amount required by IAS 28 Investments in Associates\n(i.e. adjustments to the carrying amount of long-term interests\narising from the allocation of losses of the investee or assessment\nof impairment in accordance with IAS 28).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "IV8Lxrv3XK": { "value": "l.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nImpairment of non-financial\nassets
\n\u00a0
\nAt each reporting date,\nthe Group and the Company reviews the carrying amounts of its\nassets that have an indefinite useful life to determine whether\nthere is any indication that those assets have suffered an\nimpairment loss. If any such indication exists, the recoverable\namount of the asset is estimated to determine the extent of the\nimpairment loss (if any). Where the asset does not generate cash\nflows that are independent from other assets, the Group and the\nCompany estimates the recoverable amount of the cash-generating\nunit to which the asset belongs. When a reasonable and consistent\nbasis of allocation can be identified, corporate assets are also\nallocated to individual cash-generating units, or otherwise they\nare allocated to the smallest group of cash-generating units for\nwhich a reasonable and consistent allocation basis can be\nidentified.
\n\u00a0
\nRecoverable amount is\nthe higher of fair value less costs of disposal and value in use.\nIn assessing value in use, the estimated future cash flows are\ndiscounted to their present value using a pre-tax discount rate\nthat reflects current market assessments of the time value of money\nand the risks specific to the asset for which the estimates of\nfuture cash flows have not been adjusted.
\n\u00a0
\nIf the recoverable\namount of an asset (or cash-generating unit) is estimated to be\nless than its carrying amount, the carrying amount of the asset (or\ncash-generating unit) is reduced to its recoverable amount. An\nimpairment loss is recognised immediately in profit or loss, unless\nthe relevant asset is carried at a revalued amount, in which case\nthe impairment loss is treated as a revaluation decrease and to the\nextent that the impairment loss is greater than the related\nrevaluation surplus, the excess impairment loss is recognised in\nprofit or loss.
\n\u00a0
\nWhere an impairment loss\nsubsequently reverses, the carrying amount of the asset (or\ncash-generating unit) is increased to the revised estimate of its\nrecoverable amount, but so that the increased carrying amount does\nnot exceed the carrying amount that would have been determined had\nno impairment loss been recognised for the asset (or\ncash-generating unit) in prior years. A reversal of an impairment\nloss is recognised immediately in profit or loss to the extent that\nit eliminates the impairment loss which has been recognised for the\nasset in prior years. Any increase in excess of this amount is\ntreated as a revaluation increase.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "C9tYdlzJ.o": { "value": "m.\n\u00a0\u00a0\u00a0\nInventories
\n\u00a0
\nInventories represent\nproperties held for resale, consumables and works in progress and\nis stated at the lower of cost and net realisable value.\u00a0 Cost\ncomprises all purchase and development costs, and other costs\nincurred in bringing the inventories to their present location and\ncondition.\u00a0 Net realisable value represents the estimated\nselling price in the ordinary course of business less the estimated\ncosts necessary to make the sale.
\n\u00a0
\nWhen the property held\nfor resale is sold, its carrying amount is recognised as an expense\nin the period in which the related revenue is recognised. The\ncarrying amount of property or inventory held for resale recognised\nin profit or loss is determined with reference to the directly\nattributable costs incurred on the property sold.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "_690ow820s": { "value": "n.\n\u00a0\u00a0\u00a0\u00a0\nFair value measurement
\n\u00a0
\nThe Group measures\nnon-financial assets such as immovable properties at fair value at\neach statement of financial position date.
\n\u00a0
\nFair value is the price\nthat would be received to sell an asset or paid to transfer a\nliability in an orderly transaction between market participants at\nthe measurement date. The fair value measurement is based on the\npresumption that the transaction to sell the asset or transfer the\nliability takes place either:
\n\u00a0
\n| \n - \n | \n\n In the principal market\nfor the asset or liability, or \n | \n
| \n - \n | \n\n In the absence of a\nprincipal market, in the most advantageous market for the asset or\nliability. \n | \n
\u00a0
\nThe principal or the\nmost advantageous market must be accessible by the Group. The fair\nvalue of an asset or a liability is measured using the assumptions\nthat market participants would use when pricing the asset or\nliability, assuming that market participants act in their economic\nbest interest.
\n\u00a0
\nA fair value measurement\nof a non-financial asset takes into account a market\nparticipant\u2019s ability to generate economic benefits by using\nthe asset in its highest and best use or by selling it to another\nmarket participant that would use the asset in its highest and best\nuse.
\n\u00a0
\nThe Group uses valuation\ntechniques that are appropriate in the circumstances and for which\nsufficient data are available to measure fair value, maximising the\nuse of relevant observable inputs and minimising the use of\nunobservable inputs.
\n\u00a0
\nAll assets and\nliabilities for which fair value is measured or disclosed in the\nconsolidated and separate financial statements are categorised\nwithin the fair value hierarchy, described as follows, based on the\nlowest level input that is significant to the fair value\nmeasurement as a whole:
\n\u00a0
\n| \n - \n | \n\n Level 1: Quoted\n(unadjusted) market prices in active markets for identical assets\nor liabilities \n | \n
| \n - \n | \n\n Level 2: Valuation\ntechniques for which the lowest level input that is significant to\nthe fair value measurement is directly or indirectly\nobservable \n | \n
| \n - \n | \n\n Level 3: Valuation\ntechniques for which the lowest level input that is significant to\nthe fair value measurement is unobservable. \n | \n
\u00a0
\nFor assets and\nliabilities that are recognised in the consolidated and separate\nfinancial statements at fair value on a recurring basis, the Group\ndetermines whether transfers have occurred between levels in the\nhierarchy by re-assessing categorisation (based on the lowest level\ninput that is significant to the fair value measurement as a whole)\nat the end of each reporting period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "vO5UOjjQlm": { "value": "o.\n\u00a0\u00a0\u00a0\u00a0\nFinancial instruments
\n\u00a0
\nFinancial assets and\nfinancial liabilities are recognised in the Group\u2019s\nconsolidated and separate statement of financial position when the\nGroup becomes a party to the contractual provisions of the\ninstrument.
\n\u00a0
\nFinancial assets and\nfinancial liabilities are initially measured at fair value, except\nfor trade receivables that do not have a significant financing\ncomponent which are measured at transaction price. Transaction\ncosts that are directly attributable to the acquisition or issue of\nfinancial assets and financial liabilities (other than financial\nassets and financial liabilities at fair value through profit or\nloss) are added to or deducted from the fair value of the financial\nassets or financial liabilities, as appropriate, on initial\nrecognition. Transaction costs directly attributable to the\nacquisition of financial assets or financial liabilities at fair\nvalue through profit or loss are recognised immediately in profit\nor loss.
\n\u00a0
\ni) Financial\nassets
\n\u00a0
\n(a) \u00a0\u00a0\u00a0 Initial recognition and measurement
\n\u00a0
\nFinancial assets are\nclassified, at initial recognition either at amortised cost, fair\nvalue through other comprehensive income (\u201cOCI\u201d) or\nfair value through profit or loss.
\n\u00a0
\nThe classification of\nfinancial assets at initial recognition depends on the financial\nasset\u2019s contractual cash flow characteristics and the\nGroup\u2019s and Company\u2019s business model for managing them.\nWith the exception of trade receivables that do not contain a\nsignificant financing component, or for which the Group and the\nCompany has applied the practical expedient, the Group and the\nCompany initially measures a financial asset at its fair\nvalue.
\n\u00a0
\nTrade and other\nreceivables that do not contain a significant financing component\nor for which the Group and the Company has applied the practical\nexpedient are measured at the transaction price determined under\nIFRS 15.
\n\u00a0
\nIn order for a financial\nasset to be classified and measured at amortised cost or fair value\nthrough OCI, it needs to give rise to cash flows that are\n\u2018solely payments of principal and interest (SPPI)\u2019 on\nthe principal amount outstanding. This assessment is referred to as\nthe SPPI test and is performed at an instrument level.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s business model for managing financial assets\nrefer to how it manages its financial assets in order to generate\ncash flows. The business model determines whether cash flows will\nresult from collecting contractual cash flows, selling the\nfinancial assets, or both.
\n\u00a0
\n(b) \u00a0\u00a0\u00a0 Subsequent measurement
\n\u00a0
\nFor purposes of\nsubsequent measurement, financial assets are classified in four\ncategories:
\n\u00a0
\n| \n a) \n | \n\n Financial assets at\namortised cost; \n | \n
| \n b) \n | \n\n Financial assets at fair\nvalue through OCI with recycling of cumulative gains and losses\n(debt instruments); \n | \n
| \n c) \n | \n\n Financial assets\ndesignated at fair value through OCI with no recycling of\ncumulative gains and losses upon derecognition (equity\ninstruments); \n | \n
| \n d) \n | \n\n Financial assets at fair\nvalue through profit or loss \n | \n
\u00a0
\nThe Group and the\nCompany does not hold any financial assets at fair value through\nOCI, financial assets designated at fair value through OCI and\nfinancial assets at fair value through profit or loss.
\n\u00a0
\nFinancial assets at\namortised cost
\n\u00a0
\nThe Group and the\nCompany measures financial assets at amortised cost if both of the\nfollowing conditions are met:
\n\u00a0
\n| \n a) \n | \n\n The financial asset is\nheld within a business model with the objective to hold financial\nassets in order to collect contractual cash flows; and \n | \n
| \n b) \n | \n\n The contractual terms of\nthe financial asset give rise on specified dates to cash flows that\nare solely payments of principal and interest on the principal\namount outstanding. \n | \n
\u00a0
\nFinancial assets at\namortised cost are subsequently measured using the effective\ninterest rate (\u201cEIR\u201d) method and are subject to\nimpairment. Gains and losses are recognised in profit or loss when\nthe asset is derecognised, modified or impaired.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s financial assets at amortised cost are trade\nand other receivables which are expected to be received within 1\nyear from year end.
\n\u00a0
\n(c) \u00a0\u00a0\u00a0 Derecognition
\n\u00a0
\nA financial asset is\nprimarily derecognised when:
\n\u00a0
\n| \n a) \n | \n\n The rights to receive\ncash flows from the asset have expired; or \n | \n
| \n b) \n | \n\n The Group and the Company\nhas transferred its rights to receive cash flows from the asset, or\nhas assumed an obligation to pay the received cash flows in full\nwithout material delay to a third party and either the Group and\nthe Company has transferred substantially all the risks and rewards\nof the asset or the Group and the Company has neither transferred\nnor retained substantially all the risks and rewards of the asset,\nbut has transferred control of the asset. \n | \n
\u00a0
\n(d) \u00a0\u00a0\u00a0 Impairment
\n\u00a0
\n\n\u00a0
\nFor trade and other\nreceivables, the Group and the Company applies a simplified\napproach in calculating ECLs. Therefore, the Group and the Company\ndoes not track changes in credit risk, but instead recognises a\nloss allowance based on lifetime ECLs at each reporting date. The\nGroup and the Company has established a provision matrix that is\nbased on its historical credit loss experience, adjusted for\nforward-looking factors specific to debtors and the economic\nenvironment.
\n\u00a0
\nThe Group and the\nCompany considers a financial asset in default when contractual\npayments are ninety (90) days past due. However, in certain cases,\nthe Group and the Company may also consider a financial asset to be\nin default when internal or external information indicates that the\nGroup and the Company is unlikely to receive the outstanding\ncontractual amounts in full before taking into account any credit\nenhancements held by the Group and the Company. A financial asset\nis written-off when there is no reasonable expectation of\nrecovering the contractual cash flows.
\n\u00a0
\nii) Financial\nliabilities and equity
\n\u00a0
\n(e) \u00a0\u00a0\u00a0 Classification as debt or equity
\n\u00a0
\nDebt and equity\ninstruments are classified as either financial liabilities or as\nequity in accordance with the substance of the contractual\narrangements and the definitions of a financial liability and an\nequity instrument.
\n\u00a0
\n| \n a) \n | \n\n Equity\ninstruments \n | \n
\u00a0
\nAn equity instrument is\nany contract that evidences a residual interest in the assets of an\nentity after deducting all of its liabilities. Equity instruments\nissued by the Group and the Company are recognised at the proceeds\nreceived, net of direct issue costs.
\n\u00a0
\nRepurchase of the\nGroup\u2019s and the Company\u2019s own equity instruments is\nrecognised and deducted directly in equity. No gain or loss is\nrecognised in profit or loss on the purchase, sale, issue or\ncancellation of the Group\u2019s and the Company\u2019s own\nequity instruments.
\n\u00a0
\n| \n b) \n | \n\n Financial\nliabilities \n | \n
\u00a0
\nAll financial\nliabilities are measured subsequently at amortised cost using the\neffective interest method or at FVTPL.
\n\u00a0
\nHowever, financial\nliabilities that arise when a transfer of a financial asset does\nnot qualify for derecognition or when the continuing involvement\napproach applies, and financial guarantee contracts issued by the\nGroup, are measured in accordance with the specific accounting\npolicies set out below.
\n\u00a0
\nFinancial liabilities at\nFVTPL
\n\u00a0
\nFinancial liabilities\nare classified as at FVTPL when the financial liability is (i)\ncontingent consideration of an acquirer in a business combination,\n(ii) held for trading or (iii) it is designated as at\nFVTPL.
\n\u00a0
\nA financial liability is\nclassified as held for trading if either:
\n\u00a0
\n| \n \u2022 \n | \n\n It has been acquired\nprincipally for the purpose of repurchasing it in the near\nterm. \n | \n
| \n \u2022 \n | \n\n On initial recognition\nit is part of a portfolio of identified financial instruments that\nthe Group manages together and has a recent actual pattern of\nshort-term profit-taking. \n | \n
| \n \u2022 \n | \n\n It is a derivative,\nexcept for a derivative that is a financial guarantee contract or a\ndesignated and effective hedging instrument. \n | \n
\u00a0
\nA financial liability\nother than a financial liability held for trading or contingent\nconsideration of an acquirer in a business combination may be\ndesignated as at FVTPL upon initial recognition if\neither:
\n\u00a0
\n| \n \u2022 \n | \n\n Such designation\neliminates or significantly reduces a measurement or recognition\ninconsistency that would otherwise arise \n | \n
| \n \u2022 \n | \n\n The financial liability\nforms part of a group of financial assets or financial liabilities\nor both, which is managed and its performance is evaluated on a\nfair value basis, in accordance with the Group\u2019s documented\nrisk management or investment strategy, and information about the\ngrouping is provided internally on that basis \n | \n
| \n \u2022 \n | \n\n It forms part of a\ncontract containing one or more embedded derivatives, and IFRS 9\npermits the entire combined contract to be designated as at\nFVTPL \n | \n
\u00a0
\nFinancial liabilities at\nFVTPL are measured at fair value, with any gains or losses arising\non changes in fair value recognised in profit or loss to the extent\nthat they are not part of a designated hedging relationship.\nThe net gain or loss\nrecognised in profit or loss incorporates any interest paid on the\nfinancial liability and is included in the \u2018Other gains and\nlosses\u2019 line item in profit or loss.
\n\u00a0
\nHowever, for financial\nliabilities that are designated as at FVTPL, the amount of change\nin the fair value of the financial liability that is attributable\nto changes in the credit risk of that liability is recognised in\nother comprehensive income, unless the recognition of the effects\nof changes in the liability\u2019s credit risk in other\ncomprehensive income would create or enlarge an accounting mismatch\nin profit or loss. The remaining amount of change in the fair value\nof liability is recognised in profit or loss. Changes in fair value\nattributable to a financial liability\u2019s credit risk that are\nrecognised in other comprehensive income are not subsequently\nreclassified to profit or loss; instead, they are transferred to\nretained earnings upon derecognition of the financial liability.\nGains or losses on financial guarantee contracts issued by the\nGroup and the Company that are designated by the Group and the\nCompany as at FVTPL are recognised in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "dCi4wuuvAe": { "value": "Financial assets are\nclassified, at initial recognition either at amortised cost, fair\nvalue through other comprehensive income (\u201cOCI\u201d) or\nfair value through profit or loss.
\n\u00a0
\nThe classification of\nfinancial assets at initial recognition depends on the financial\nasset\u2019s contractual cash flow characteristics and the\nGroup\u2019s and Company\u2019s business model for managing them.\nWith the exception of trade receivables that do not contain a\nsignificant financing component, or for which the Group and the\nCompany has applied the practical expedient, the Group and the\nCompany initially measures a financial asset at its fair\nvalue.
\n\u00a0
\nTrade and other\nreceivables that do not contain a significant financing component\nor for which the Group and the Company has applied the practical\nexpedient are measured at the transaction price determined under\nIFRS 15.
\n\u00a0
\nIn order for a financial\nasset to be classified and measured at amortised cost or fair value\nthrough OCI, it needs to give rise to cash flows that are\n\u2018solely payments of principal and interest (SPPI)\u2019 on\nthe principal amount outstanding. This assessment is referred to as\nthe SPPI test and is performed at an instrument level.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s business model for managing financial assets\nrefer to how it manages its financial assets in order to generate\ncash flows. The business model determines whether cash flows will\nresult from collecting contractual cash flows, selling the\nfinancial assets, or both.
\n\u00a0
\n(b) \u00a0\u00a0\u00a0 Subsequent measurement
\n\u00a0
\nFor purposes of\nsubsequent measurement, financial assets are classified in four\ncategories:
\n\u00a0
\n| \n a) \n | \n\n Financial assets at\namortised cost; \n | \n
| \n b) \n | \n\n Financial assets at fair\nvalue through OCI with recycling of cumulative gains and losses\n(debt instruments); \n | \n
| \n c) \n | \n\n Financial assets\ndesignated at fair value through OCI with no recycling of\ncumulative gains and losses upon derecognition (equity\ninstruments); \n | \n
| \n d) \n | \n\n Financial assets at fair\nvalue through profit or loss \n | \n
\u00a0
\nThe Group and the\nCompany does not hold any financial assets at fair value through\nOCI, financial assets designated at fair value through OCI and\nfinancial assets at fair value through profit or loss.
\n\u00a0
\nFinancial assets at\namortised cost
\n\u00a0
\nThe Group and the\nCompany measures financial assets at amortised cost if both of the\nfollowing conditions are met:
\n\u00a0
\n| \n a) \n | \n\n The financial asset is\nheld within a business model with the objective to hold financial\nassets in order to collect contractual cash flows; and \n | \n
| \n b) \n | \n\n The contractual terms of\nthe financial asset give rise on specified dates to cash flows that\nare solely payments of principal and interest on the principal\namount outstanding. \n | \n
\u00a0
\nFinancial assets at\namortised cost are subsequently measured using the effective\ninterest rate (\u201cEIR\u201d) method and are subject to\nimpairment. Gains and losses are recognised in profit or loss when\nthe asset is derecognised, modified or impaired.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s financial assets at amortised cost are trade\nand other receivables which are expected to be received within 1\nyear from year end.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "TaX_HcKWqh": { "value": "(c) \u00a0\u00a0\u00a0 Derecognition
\n\u00a0
\nA financial asset is\nprimarily derecognised when:
\n\u00a0
\n| \n a) \n | \n\n The rights to receive\ncash flows from the asset have expired; or \n | \n
| \n b) \n | \n\n The Group and the Company\nhas transferred its rights to receive cash flows from the asset, or\nhas assumed an obligation to pay the received cash flows in full\nwithout material delay to a third party and either the Group and\nthe Company has transferred substantially all the risks and rewards\nof the asset or the Group and the Company has neither transferred\nnor retained substantially all the risks and rewards of the asset,\nbut has transferred control of the asset. \n | \n
(d) \u00a0\u00a0\u00a0 Impairment
\n\u00a0
\n\n\u00a0
\nFor trade and other\nreceivables, the Group and the Company applies a simplified\napproach in calculating ECLs. Therefore, the Group and the Company\ndoes not track changes in credit risk, but instead recognises a\nloss allowance based on lifetime ECLs at each reporting date. The\nGroup and the Company has established a provision matrix that is\nbased on its historical credit loss experience, adjusted for\nforward-looking factors specific to debtors and the economic\nenvironment.
\n\u00a0
\nThe Group and the\nCompany considers a financial asset in default when contractual\npayments are ninety (90) days past due. However, in certain cases,\nthe Group and the Company may also consider a financial asset to be\nin default when internal or external information indicates that the\nGroup and the Company is unlikely to receive the outstanding\ncontractual amounts in full before taking into account any credit\nenhancements held by the Group and the Company. A financial asset\nis written-off when there is no reasonable expectation of\nrecovering the contractual cash flows.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "qr63gK9fHL": { "value": "ii) Financial\nliabilities and equity
\n\u00a0
\n(e) \u00a0\u00a0\u00a0 Classification as debt or equity
\n\u00a0
\nDebt and equity\ninstruments are classified as either financial liabilities or as\nequity in accordance with the substance of the contractual\narrangements and the definitions of a financial liability and an\nequity instrument.
\n\u00a0
\n| \n a) \n | \n\n Equity\ninstruments \n | \n
\u00a0
\nAn equity instrument is\nany contract that evidences a residual interest in the assets of an\nentity after deducting all of its liabilities. Equity instruments\nissued by the Group and the Company are recognised at the proceeds\nreceived, net of direct issue costs.
\n\u00a0
\nRepurchase of the\nGroup\u2019s and the Company\u2019s own equity instruments is\nrecognised and deducted directly in equity. No gain or loss is\nrecognised in profit or loss on the purchase, sale, issue or\ncancellation of the Group\u2019s and the Company\u2019s own\nequity instruments.
\n\u00a0
\n| \n b) \n | \n\n Financial\nliabilities \n | \n
\u00a0
\nAll financial\nliabilities are measured subsequently at amortised cost using the\neffective interest method or at FVTPL.
\n\u00a0
\nHowever, financial\nliabilities that arise when a transfer of a financial asset does\nnot qualify for derecognition or when the continuing involvement\napproach applies, and financial guarantee contracts issued by the\nGroup, are measured in accordance with the specific accounting\npolicies set out below.
\n\u00a0
\nFinancial liabilities at\nFVTPL
\n\u00a0
\nFinancial liabilities\nare classified as at FVTPL when the financial liability is (i)\ncontingent consideration of an acquirer in a business combination,\n(ii) held for trading or (iii) it is designated as at\nFVTPL.
\n\u00a0
\nA financial liability is\nclassified as held for trading if either:
\n\u00a0
\n| \n \u2022 \n | \n\n It has been acquired\nprincipally for the purpose of repurchasing it in the near\nterm. \n | \n
| \n \u2022 \n | \n\n On initial recognition\nit is part of a portfolio of identified financial instruments that\nthe Group manages together and has a recent actual pattern of\nshort-term profit-taking. \n | \n
| \n \u2022 \n | \n\n It is a derivative,\nexcept for a derivative that is a financial guarantee contract or a\ndesignated and effective hedging instrument. \n | \n
\u00a0
\nA financial liability\nother than a financial liability held for trading or contingent\nconsideration of an acquirer in a business combination may be\ndesignated as at FVTPL upon initial recognition if\neither:
\n\u00a0
\n| \n \u2022 \n | \n\n Such designation\neliminates or significantly reduces a measurement or recognition\ninconsistency that would otherwise arise \n | \n
| \n \u2022 \n | \n\n The financial liability\nforms part of a group of financial assets or financial liabilities\nor both, which is managed and its performance is evaluated on a\nfair value basis, in accordance with the Group\u2019s documented\nrisk management or investment strategy, and information about the\ngrouping is provided internally on that basis \n | \n
| \n \u2022 \n | \n\n It forms part of a\ncontract containing one or more embedded derivatives, and IFRS 9\npermits the entire combined contract to be designated as at\nFVTPL \n | \n
\u00a0
\nFinancial liabilities at\nFVTPL are measured at fair value, with any gains or losses arising\non changes in fair value recognised in profit or loss to the extent\nthat they are not part of a designated hedging relationship.\nThe net gain or loss\nrecognised in profit or loss incorporates any interest paid on the\nfinancial liability and is included in the \u2018Other gains and\nlosses\u2019 line item in profit or loss.
\n\u00a0
\nHowever, for financial\nliabilities that are designated as at FVTPL, the amount of change\nin the fair value of the financial liability that is attributable\nto changes in the credit risk of that liability is recognised in\nother comprehensive income, unless the recognition of the effects\nof changes in the liability\u2019s credit risk in other\ncomprehensive income would create or enlarge an accounting mismatch\nin profit or loss. The remaining amount of change in the fair value\nof liability is recognised in profit or loss. Changes in fair value\nattributable to a financial liability\u2019s credit risk that are\nrecognised in other comprehensive income are not subsequently\nreclassified to profit or loss; instead, they are transferred to\nretained earnings upon derecognition of the financial liability.\nGains or losses on financial guarantee contracts issued by the\nGroup and the Company that are designated by the Group and the\nCompany as at FVTPL are recognised in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "puy1UH.E4C": { "value": "Financial liabilities at\nFVTPL
\n\u00a0
\nFinancial liabilities\nare classified as at FVTPL when the financial liability is (i)\ncontingent consideration of an acquirer in a business combination,\n(ii) held for trading or (iii) it is designated as at\nFVTPL.
\n\u00a0
\nA financial liability is\nclassified as held for trading if either:
\n\u00a0
\n| \n \u2022 \n | \n\n It has been acquired\nprincipally for the purpose of repurchasing it in the near\nterm. \n | \n
| \n \u2022 \n | \n\n On initial recognition\nit is part of a portfolio of identified financial instruments that\nthe Group manages together and has a recent actual pattern of\nshort-term profit-taking. \n | \n
| \n \u2022 \n | \n\n It is a derivative,\nexcept for a derivative that is a financial guarantee contract or a\ndesignated and effective hedging instrument. \n | \n
\u00a0
\nA financial liability\nother than a financial liability held for trading or contingent\nconsideration of an acquirer in a business combination may be\ndesignated as at FVTPL upon initial recognition if\neither:
\n\u00a0
\n| \n \u2022 \n | \n\n Such designation\neliminates or significantly reduces a measurement or recognition\ninconsistency that would otherwise arise \n | \n
| \n \u2022 \n | \n\n The financial liability\nforms part of a group of financial assets or financial liabilities\nor both, which is managed and its performance is evaluated on a\nfair value basis, in accordance with the Group\u2019s documented\nrisk management or investment strategy, and information about the\ngrouping is provided internally on that basis \n | \n
| \n \u2022 \n | \n\n It forms part of a\ncontract containing one or more embedded derivatives, and IFRS 9\npermits the entire combined contract to be designated as at\nFVTPL \n | \n
\u00a0
\nFinancial liabilities at\nFVTPL are measured at fair value, with any gains or losses arising\non changes in fair value recognised in profit or loss to the extent\nthat they are not part of a designated hedging relationship.\nThe net gain or loss\nrecognised in profit or loss incorporates any interest paid on the\nfinancial liability and is included in the \u2018Other gains and\nlosses\u2019 line item in profit or loss.
\n\u00a0
\nHowever, for financial\nliabilities that are designated as at FVTPL, the amount of change\nin the fair value of the financial liability that is attributable\nto changes in the credit risk of that liability is recognised in\nother comprehensive income, unless the recognition of the effects\nof changes in the liability\u2019s credit risk in other\ncomprehensive income would create or enlarge an accounting mismatch\nin profit or loss. The remaining amount of change in the fair value\nof liability is recognised in profit or loss. Changes in fair value\nattributable to a financial liability\u2019s credit risk that are\nrecognised in other comprehensive income are not subsequently\nreclassified to profit or loss; instead, they are transferred to\nretained earnings upon derecognition of the financial liability.\nGains or losses on financial guarantee contracts issued by the\nGroup and the Company that are designated by the Group and the\nCompany as at FVTPL are recognised in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "k3hJfJvJVI": { "value": "p.\n\u00a0\u00a0\u00a0\u00a0\nCash and cash equivalents
\n\u00a0
\nCash and cash\nequivalents are carried in the consolidated and separate statement\nof financial position at face value.\u00a0 For the purposes of the\nconsolidated and separate statement of cash flows, cash and cash\nequivalents comprise cash in hand and deposits held at call with\nbanks.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "mmamz0hTKn": { "value": "q.\n\u00a0\u00a0\u00a0\u00a0\nCurrent and deferred taxation
\n\u00a0
\nThe tax expense for the\nyear comprises current and deferred taxation.
\n\u00a0
\nTaxation is recognised\nin profit or loss, except to the extent that it relates to items\nrecognised in other comprehensive income or directly in equity. In\nthis case, the tax is also recognised in other comprehensive income\nor equity, respectively.
\n\u00a0
\n\n\u00a0
\nDeferred taxation is\nprovided using the liability method, for all temporary differences\narising between the tax bases of assets and liabilities and their\ncarrying values for financial reporting purposes. Deferred taxation\nis determined using tax rates (and laws) that have been enacted or\nsubstantially enacted by the end of the reporting year and are\nexpected to apply when the related deferred tax asset is realised\nor the deferred tax liability is settled. Deferred tax assets are\nrecognised only to the extent that it is probable that future\ntaxable profits will be available against which the temporary\ndifferences can be utilised.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "kqzr7JhsrY": { "value": "q.\n\u00a0\u00a0\u00a0\u00a0\nCurrent and deferred taxation
\n\u00a0
\nThe tax expense for the\nyear comprises current and deferred taxation.
\n\u00a0
\nTaxation is recognised\nin profit or loss, except to the extent that it relates to items\nrecognised in other comprehensive income or directly in equity. In\nthis case, the tax is also recognised in other comprehensive income\nor equity, respectively.
\n\u00a0
\n\n\u00a0
\nDeferred taxation is\nprovided using the liability method, for all temporary differences\narising between the tax bases of assets and liabilities and their\ncarrying values for financial reporting purposes. Deferred taxation\nis determined using tax rates (and laws) that have been enacted or\nsubstantially enacted by the end of the reporting year and are\nexpected to apply when the related deferred tax asset is realised\nor the deferred tax liability is settled. Deferred tax assets are\nrecognised only to the extent that it is probable that future\ntaxable profits will be available against which the temporary\ndifferences can be utilised.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "umIjQHJs4v": { "value": "r.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEmployee benefits
\n\u00a0
\nThe Group and the\nCompany contribute towards the state pension in accordance with\nlocal legislation. The only obligation is to make the required\ncontributions. Costs are expensed in the year in which they are\nincurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "mt.lTQHFAY": { "value": "s.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nBorrowing costs
\n\u00a0
\nBorrowing costs include\nthe costs incurred in obtaining external financing. Borrowing costs\ndirectly attributable to the acquisition, construction or\nproduction of qualifying assets, which are assets that necessarily\ntake a substantial year of time to get ready for their intended use\nor sale, are capitalised from the time that expenditure for these\nassets and borrowing costs are being incurred and activities that\nare necessary to prepare these assets for their intended use or\nsale are in progress.
\n\u00a0
\nBorrowing costs are\ncapitalised until such time as the assets are substantially ready\nfor their intended use or sale. Borrowing costs are suspended\nduring extended years in which active development is interrupted.\nAll other borrowing costs are recognised as an expense in profit or\nloss in the year in which they are incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "bdvBW8TG.i": { "value": "t.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEquity
\n\u00a0
\nOrdinary shares are\nclassified as equity.
\n\u00a0
\nDividend distribution to\nthe Company\u2019s shareholders is recognised as a liability in\nthe Company\u2019s financial statements in the period in which the\ndividends are approved by the\nCompany\u2019s shareholders.
\n\u00a0
\nRetained earnings\ninclude the current and prior year results as disclosed in profit\nor loss less dividend distributions.
\n\u00a0
\nRevaluation reserve\nrepresents the surpluses arising on the revaluation of the\nGroup\u2019s right-of-use assets, and property, plant, and\nequipment, net of related deferred tax effects. When the revalued\nproperty is sold, the portion of the property revaluation reserve\nthat relates to that asset, and is effectively realised, is\ntransferred directly to retained earnings.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "P6brW_rMJr": { "value": "t.\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEquity
\n\u00a0
\nOrdinary shares are\nclassified as equity.
\n\u00a0
\nDividend distribution to\nthe Company\u2019s shareholders is recognised as a liability in\nthe Company\u2019s financial statements in the period in which the\ndividends are approved by the\nCompany\u2019s shareholders.
\n\u00a0
\nRetained earnings\ninclude the current and prior year results as disclosed in profit\nor loss less dividend distributions.
\n\u00a0
\nRevaluation reserve\nrepresents the surpluses arising on the revaluation of the\nGroup\u2019s right-of-use assets, and property, plant, and\nequipment, net of related deferred tax effects. When the revalued\nproperty is sold, the portion of the property revaluation reserve\nthat relates to that asset, and is effectively realised, is\ntransferred directly to retained earnings.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "hCJeM4zJeu": { "value": "u.\n\u00a0\u00a0\u00a0\u00a0\nRelated parties
\n\u00a0
\nParties are considered\nto be related if one party has the ability, directly or indirectly,\nto control the other party or exercise significant influence over\nthe other party in making financial and operating decisions.\nParties are also considered to be related if they are subject to\ncommon control or common significant influence. Related parties may\nbe individuals or corporate entities. Related party accounts are\ncarried at cost, net of any impairment charge.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ypEhuoreWf": { "value": "2.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nRevenue
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Sale of inventory\nproperties \n | \n\n 9,386,754 \n | \n\n 868,000 \n | \n\n - \n | \n\n - \n | \n
| \n Revenue from old people\nhomes \n | \n\n 17,119,200 \n | \n\n 11,978,717 \n | \n\n - \n | \n\n - \n | \n
| \n Rental income \n | \n\n 60,000 \n | \n\n 60,000 \n | \n\n - \n | \n\n - \n | \n
| \n Management\nfee \n | \n\n - \n | \n\n - \n | \n\n 257,881 \n | \n\n 177,500 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 26,565,954 \n | \n\n 12,906,717 \n | \n\n 257,881 \n | \n\n 177,500 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe above fall under\nIFRS 15 and are recognised as follows:\u00a0
\n\u00a0
\nTiming of revenue\nrecognition
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n At a point in\ntime \n | \n\n | \n | \n | \n |
| \n Sale of inventory\nproperties \n | \n\n 9,386,754 \n | \n\n 868,000 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Over\ntime \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Revenue from old people\nhomes \n | \n\n 17,119,200 \n | \n\n 11,978,717 \n | \n\n - \n | \n\n - \n | \n
| \n Rental income \n | \n\n 60,000 \n | \n\n 60,000 \n | \n\n - \n | \n\n - \n | \n
| \n Management\nfee \n | \n\n - \n | \n\n - \n | \n\n 257,881 \n | \n\n 177,500 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 17,179,200 \n | \n\n 12,038,717 \n | \n\n 257,881 \n | \n\n 177,500 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\n\u00a0
\nAll revenue\ngenerated by the Group and\nthe Company during the year is derived from operations carried out\nin Malta.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "aDezxrcc9v": { "value": "3\n.\u00a0\u00a0\u00a0 Profit of the\nyear
\n\u00a0
\nProfit for the year has\nbeen arrived after charging:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Depreciation of\nproperty, plant and equipment (Note 8) \n | \n\n 1,622,461 \n | \n\n 1,665,321 \n | \n\n 1,778 \n | \n\n 1,592 \n | \n
| \n Depreciation of\nright-of-use assets (Note 9) \n | \n\n 212,702 \n | \n\n 212,701 \n | \n\n - \n | \n\n - \n | \n
| \n Staff costs (Note\n4) \n | \n\n 8,084,718 \n | \n\n 5,870,628 \n | \n\n - \n | \n\n - \n | \n
| \n Directors\u2019\nfees \n | \n\n 30,000 \n | \n\n 31,162 \n | \n\n 30,000 \n | \n\n 31,162 \n | \n
| \n Auditor\u2019s\nremuneration \n | \n\n 37,930 \n | \n\n 25,490 \n | \n\n 8,000 \n | \n\n 5,000 \n | \n
| \n Other cost of\nsales \n | \n\n 8,120,595 \n | \n\n 1,939,564 \n | \n\n - \n | \n\n - \n | \n
| \n Professional\nfees \n | \n\n 376,894 \n | \n\n 282,311 \n | \n\n - \n | \n\n - \n | \n
| \n Repairs and\nmaintenance \n | \n\n 102,832 \n | \n\n 56,615 \n | \n\n - \n | \n\n - \n | \n
| \n Insurance \n | \n\n 78,308 \n | \n\n 82,927 \n | \n\n - \n | \n\n - \n | \n
| \n Bank charges \n | \n\n 62,407 \n | \n\n 34,949 \n | \n\n - \n | \n\n - \n | \n
| \n Utilities \n | \n\n 456,690 \n | \n\n 213,268 \n | \n\n - \n | \n\n - \n | \n
| \n Other\nexpenses \n | \n\n 1,545,252 \n | \n\n 1,282,437 \n | \n\n 126,570 \n | \n\n 95,678 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Total cost of sales\nand administrative expenses \n | \n\n 20,730,789 \n | \n\n 11,697,373 \n | \n\n 166,348 \n | \n\n 133,432 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Auditor\u2019s\nfees
\n\u00a0
\nFees charged by the\nauditor for the services rendered during the financial years ended\n31 December 2025 and 2024 relate to the following:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Audit fee \n | \n\n 37,930 \n | \n\n 25,490 \n | \n\n 8,000 \n | \n\n 5,000 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
4.\n\u00a0\u00a0\u00a0 \u00a0 Staff\ncosts
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Wages and\nsalaries \n | \n\n 7,550,207 \n | \n\n 5,463,983 \n | \n\n - \n | \n\n - \n | \n
| \n Social security\ncosts \n | \n\n 534,511 \n | \n\n 406,645 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 8,084,718 \n | \n\n 5,870,628 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAverage number of\nfull-time equivalents employed by the Group during the year is 435\n(2024:339).
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Va5sDsSz3B": { "value": "4.\n\u00a0\u00a0\u00a0 \u00a0 Staff\ncosts
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Wages and\nsalaries \n | \n\n 7,550,207 \n | \n\n 5,463,983 \n | \n\n - \n | \n\n - \n | \n
| \n Social security\ncosts \n | \n\n 534,511 \n | \n\n 406,645 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 8,084,718 \n | \n\n 5,870,628 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAverage number of\nfull-time equivalents employed by the Group during the year is 435\n(2024:339).
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "wo2pD4B_nc": { "value": "5\n. \u00a0\u00a0\u00a0\u00a0\u00a0 Investment income
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Interest receivable on\nbank balances \n | \n\n 48 \n | \n\n 51 \n | \n\n 7 \n | \n\n 7 \n | \n
| \n Other interest\nreceivable \n | \n\n - \n | \n\n 15,918 \n | \n\n - \n | \n\n - \n | \n
| \n Interest receivable on\namounts due from subsidiaries \n | \n\n - \n | \n\n - \n | \n\n 1,068,015 \n | \n\n 795,918 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 48 \n | \n\n 15,969 \n | \n\n 1,068,022 \n | \n\n 795,925 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
5\n. \u00a0\u00a0\u00a0\u00a0\u00a0 Investment income
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Interest receivable on\nbank balances \n | \n\n 48 \n | \n\n 51 \n | \n\n 7 \n | \n\n 7 \n | \n
| \n Other interest\nreceivable \n | \n\n - \n | \n\n 15,918 \n | \n\n - \n | \n\n - \n | \n
| \n Interest receivable on\namounts due from subsidiaries \n | \n\n - \n | \n\n - \n | \n\n 1,068,015 \n | \n\n 795,918 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 48 \n | \n\n 15,969 \n | \n\n 1,068,022 \n | \n\n 795,925 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
5\n. \u00a0\u00a0\u00a0\u00a0\u00a0 Investment income
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Interest receivable on\nbank balances \n | \n\n 48 \n | \n\n 51 \n | \n\n 7 \n | \n\n 7 \n | \n
| \n Other interest\nreceivable \n | \n\n - \n | \n\n 15,918 \n | \n\n - \n | \n\n - \n | \n
| \n Interest receivable on\namounts due from subsidiaries \n | \n\n - \n | \n\n - \n | \n\n 1,068,015 \n | \n\n 795,918 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 48 \n | \n\n 15,969 \n | \n\n 1,068,022 \n | \n\n 795,925 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
6.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nFinance costs
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Interest payable on bank\noverdrafts \n | \n\n 9,731 \n | \n\n 4,294 \n | \n\n - \n | \n\n - \n | \n
| \n Interest payable on bank\nloans \n | \n\n 941,286 \n | \n\n 872,411 \n | \n\n - \n | \n\n - \n | \n
| \n Interest payable on debt\nsecurities in issue \n | \n\n - \n | \n\n - \n | \n\n 859,432 \n | \n\n 713,600 \n | \n
| \n Amortisation of debt\nsecurities in issue costs \n | \n\n 96,424 \n | \n\n 80,090 \n | \n\n 279,617 \n | \n\n 80,090 \n | \n
| \n Finance costs \u2013\nlease liability \n | \n\n 310,968 \n | \n\n 304,007 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 1,358,409 \n | \n\n 1,260,802 \n | \n\n 1,139,049 \n | \n\n 793,690 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
6.\n\u00a0\u00a0\u00a0\u00a0\u00a0\nFinance costs
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Interest payable on bank\noverdrafts \n | \n\n 9,731 \n | \n\n 4,294 \n | \n\n - \n | \n\n - \n | \n
| \n Interest payable on bank\nloans \n | \n\n 941,286 \n | \n\n 872,411 \n | \n\n - \n | \n\n - \n | \n
| \n Interest payable on debt\nsecurities in issue \n | \n\n - \n | \n\n - \n | \n\n 859,432 \n | \n\n 713,600 \n | \n
| \n Amortisation of debt\nsecurities in issue costs \n | \n\n 96,424 \n | \n\n 80,090 \n | \n\n 279,617 \n | \n\n 80,090 \n | \n
| \n Finance costs \u2013\nlease liability \n | \n\n 310,968 \n | \n\n 304,007 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 1,358,409 \n | \n\n 1,260,802 \n | \n\n 1,139,049 \n | \n\n 793,690 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
7\n. \u00a0\u00a0\u00a0\u00a0\u00a0 Income tax
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Current tax: \n | \n\n | \n | \n | \n |
| \n At 8% \n | \n\n 696,562 \n | \n\n 68,240 \n | \n\n - \n | \n\n - \n | \n
| \n At 15% \n | \n\n 6 \n | \n\n 1,699 \n | \n\n 1 \n | \n\n 1,692 \n | \n
| \n At 35% \n | \n\n 90,505 \n | \n\n 93,267 \n | \n\n 7,159 \n | \n\n 10,508 \n | \n
| \n Deferred tax\ncharge/(credit) for the year (Note 20) \n | \n\n 1,328,182 \n | \n\n (267,306) \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 2,115,255 \n | \n\n (104,100) \n | \n\n 7,160 \n | \n\n 12,200 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe tax expense/(income)\nand the result of accounting profit multiplied by the statutory\ndomestic income tax rate is reconciled in the table\nbelow.
\n\u00a0
\nIncome not subject to\ntax pertains to the Group\u2019s share of results in associates\n(see Note 11).
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Profit before\ntax \n | \n\n 6,764,779 \n | \n\n 4,828,489 \n | \n\n 2,308,482 \n | \n\n 4,910,281 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Tax on accounting profit\nat 35% thereon \n | \n\n 2,367,673 \n | \n\n 1,689,971 \n | \n\n 807,969 \n | \n\n 1,718,598 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Tax effect\nof: \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Income not subject to\ntax \n | \n\n (800,792) \n | \n\n (1,702,392) \n | \n\n (800,792) \n | \n\n (1,702,392) \n | \n
| \n Income subject to\nreduced tax rates of tax \n | \n\n (421,354) \n | \n\n (66,056) \n | \n\n (2) \n | \n\n (2,256) \n | \n
| \n Non-allowable\nexpenses \n | \n\n 295,376 \n | \n\n 335,228 \n | \n\n - \n | \n\n - \n | \n
| \n Tax credits \n | \n\n - \n | \n\n (112,585) \n | \n\n - \n | \n\n (1,750) \n | \n
| \n Maintenance\nallowance \n | \n\n (4,200) \n | \n\n (4,200) \n | \n\n - \n | \n\n - \n | \n
| \n Other\ndifferences \n | \n\n (649,630) \n | \n\n 23,240 \n | \n\n (15) \n | \n\n - \n | \n
| \n Movement in deferred\ntax \n | \n\n 1,328,182 \n | \n\n (267,306) \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 2,115,255 \n | \n\n (104,100) \n | \n\n 7,160 \n | \n\n 12,200 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
21.\n\u00a0\u00a0\u00a0 Current taxation
\n\u00a0
\nIncome tax payable is\nmade up as follows:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Balance at 1\nJanuary \n | \n\n 42,397 \n | \n\n (1,403) \n | \n\n 10,508 \n | \n\n 1,741 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Current tax charge for\nthe year (Note 7) \n | \n\n 787,073 \n | \n\n 163,206 \n | \n\n 7,160 \n | \n\n 12,200 \n | \n
| \n Tax paid \n | \n\n (785,547) \n | \n\n (119,406) \n | \n\n (12,251) \n | \n\n (3,433) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Balance at 31\nDecember \n | \n\n 43,923 \n | \n\n 42,397 \n | \n\n 5,417 \n | \n\n 10,508 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
8.\u00a0\u00a0\u00a0\u00a0 Property, plant and\nequipment
\n\u00a0
\n\u00a0 The\nGroup
\n| \n | \n | \n | \n Improvement \n | \n\n Motor \n | \n\n Furniture\nand \n | \n\n | \n \u00a0 \n | \n
| \n | \n Land \n | \n\n Buildings \n | \n\n to\npremises \n | \n\n vehicles \n | \n\n Fittings \n | \n\n Equipment \n | \n\n Total \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u00a0\u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n | \n | \n | \n |
| \n At 1 January\n2024 \n | \n\n | \n | \n | \n | \n | \n | \n |
| \n Cost/fair\nvalue \n | \n\n 8,908,745 \n | \n\n 14,721,370 \n | \n\n 411,851 \n | \n\n - \n | \n\n 2,431,393 \n | \n\n 7,496,132 \n | \n\n 33,969,491 \n | \n
| \n Accumulated\ndepreciation \n | \n\n - \n | \n\n (95,276) \n | \n\n (39,359) \n | \n\n - \n | \n\n (20,262) \n | \n\n (1,023,402) \n | \n\n (1,178,299) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n | \n |
| \n Net book\namount \n | \n\n 8,908,745 \n | \n\n 14,626,094 \n | \n\n 372,492 \n | \n\n - \n | \n\n 2,411,131 \n | \n\n 6,472,730 \n | \n\n 32,791,192 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n | \n |
| \n Movements for year\nended \n | \n\n | \n | \n | \n | \n | \n | \n |
| \n 31 December\n2024 \n | \n|||||||
| \n Opening net book\namount \n | \n\n 8,908,745 \n | \n\n 14,626,094 \n | \n\n 372,492 \n | \n\n - \n | \n\n 2,411,131 \n | \n\n 6,472,730 \n | \n\n 32,791,192 \n | \n
| \n Revaluation\nincrease \n | \n\n 4,443,517 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 4,443,517 \n | \n
| \n Reclassification \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 2,929,248 \n | \n\n - \n | \n\n 2,929,248 \n | \n
| \n Additions \n | \n\n - \n | \n\n 1,681,160 \n | \n\n - \n | \n\n 5,000 \n | \n\n 320,911 \n | \n\n (347,654) \n | \n\n 1,659,417 \n | \n
| \n Depreciation\ncharge \n | \n\n - \n | \n\n (274,529) \n | \n\n (20,593) \n | \n\n (1,000) \n | \n\n (580,603) \n | \n\n (788,596) \n | \n\n (1,665,321) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n | \n |
| \n Closing net book\namount \n | \n\n 13,352,262 \n | \n\n 16,032,725 \n | \n\n 351,899 \n | \n\n 4,000 \n | \n\n 5,080,687 \n | \n\n 5,336,480 \n | \n\n 40,158,053 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n | \n |
| \n At 31 December\n2024 \n | \n\n | \n | \n | \n | \n | \n | \n |
| \n Cost/fair\nvalue \n | \n\n 13,352,262 \n | \n\n 16,402,530 \n | \n\n 411,851 \n | \n\n 5,000 \n | \n\n 6,007,024 \n | \n\n 7,148,478 \n | \n\n 43,327,145 \n | \n
| \n Accumulated\ndepreciation \n | \n\n - \n | \n\n (369,805) \n | \n\n (59,952) \n | \n\n (1,000) \n | \n\n (926,337) \n | \n\n (1,811,998) \n | \n\n (3,169,092) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n | \n |
| \n Net book\namount \n | \n\n 13,352,262 \n | \n\n 16,032,725 \n | \n\n 351,899 \n | \n\n 4,000 \n | \n\n 5,080,687 \n | \n\n 5,336,480 \n | \n\n 40,158,053 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n | \n |
| \n Movements for year\nended \n | \n\n | \n | \n | \n | \n | \n | \n |
| \n 31 December\n2025 \n | \n|||||||
| \n Opening net book\namount \n | \n\n 13,352,262 \n | \n\n 16,032,725 \n | \n\n 351,899 \n | \n\n 4,000 \n | \n\n 5,080,687 \n | \n\n 5,336,480 \n | \n\n 40,158,053 \n | \n
| \n Additions \n | \n\n - \n | \n\n 148,606 \n | \n\n - \n | \n\n - \n | \n\n 119,022 \n | \n\n 78,150 \n | \n\n 345,778 \n | \n
| \n Depreciation\ncharge \n | \n\n - \n | \n\n (251,869) \n | \n\n (20,592) \n | \n\n (1,000) \n | \n\n (578,368) \n | \n\n (770,632) \n | \n\n (1,622,461) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Closing net book\namount \n | \n\n 13,352,262 \n | \n\n 15,929,462 \n | \n\n 331,307 \n | \n\n 3,000 \n | \n\n 4,621,341 \n | \n\n 4,643,998 \n | \n\n 38,881,370 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost/fair\nvalue \n | \n\n 13,352,262 \n | \n\n 16,551,136 \n | \n\n 411,851 \n | \n\n 5,000 \n | \n\n 6,126,046 \n | \n\n 7,226,628 \n | \n\n 43,672,923 \n | \n
| \n Accumulated\ndepreciation \n | \n\n - \n | \n\n (621,674) \n | \n\n (80,544) \n | \n\n (2,000) \n | \n\n (1,504,705) \n | \n\n (2,582,630) \n | \n\n (4,791,553) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Net book\namount \n | \n\n 13,352,262 \n | \n\n 15,929,462 \n | \n\n 331,307 \n | \n\n 3,000 \n | \n\n 4,621,341 \n | \n\n 4,643,998 \n | \n\n 38,881,370 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Depreciation charge of\n\u20ac1,622,461 (2024: \u20ac1,665,321) is included in\nadministrative expenses.
\n\u00a0
\nFair value\nmeasurement
\n\u00a0
\nProperty, plant and\nequipment includes Golden Care Home, an elderly care home situated\nin Naxxar. Golden Care Home is operated by Golden Care Limited,\nwhilst Plan Property Holdings Limited owns the property on which\nGolden Care Home is developed. Golden Care Limited and Plan\nProperty Holdings Limited are both subsidiaries of the\nGroup.
\n\u00a0
\nA valuation exercise was\ncarried out as at 31 December 2024 by an independent professionally\nqualified valuer, whereby the Golden Care Home was valued at\n\u20ac21,994,000. Pursuant to such valuation exercise, the Group\nrecorded a revaluation increase of \u20ac4,443,517 which was\nrecorded as part of the Group\u2019s Other comprehensive income\nand Revaluation reserve. No further valuations were carried\nout.
\n
The\nfair value measurements use significant unobservable inputs and are\naccordingly categorised within Level 3 of the fair valuation\nhierarchy.
\u00a0
\nFair value has been\ndetermined using a market \u2011\nbased valuation technique, consistent with the\nprinciples of IFRS 13. The valuation was primarily based on a\nrelative valuation approach, using a multiple approach. The\nestimated fair value is expected to increase (decrease) if the\nEV/EBITDA multiple is higher (lower) and/or the adjusted EBITDA is\nhigher (lower).
\n\u00a0
\nThe Group\u2019s policy\nis to recognise transfers into and out of fair value hierarchy\nlevels as of the beginning of the reporting period. There were no\ntransfers between different levels of the fair value hierarchy\nduring the year ended 31 December 2025.
\n\u00a0
\nHad it not been\nrevalued, the value of the Golden Care Home would amount to\n\u20ac9,434,921 (2024: \u20ac9,960,477).
\n\u00a0
\nThe\nCompany
\n| \n | \n | \n Motor \n | \n\n | \n \u00a0 \n | \n
| \n | \n | \n vehicles \n | \n\n Equipment \n | \n\n Total \n | \n
| \n | \n | \n | \n | \n |
| \n | \n | \n \u00a0\u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n At 1 January\n2025 \n | \n\n | \n | \n | \n |
| \n Cost \n | \n\n \u00a0 \n | \n\n 5,000 \n | \n\n 2,959 \n | \n\n 7,959 \n | \n
| \n Accumulated\ndepreciation \n | \n\n \u00a0 \n | \n\n (1,000) \n | \n\n (592) \n | \n\n (1,592) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Net book\namount \n | \n\n \u00a0 \n | \n\n 4,000 \n | \n\n 2,367 \n | \n\n 6,367 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Movements for year\nended \n | \n\n | \n | \n | \n |
| \n 31 December\n2025 \n | \n||||
| \n Opening net book\namount \n | \n\n | \n 4,000 \n | \n\n 2,367 \n | \n\n 6,367 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n - \n | \n\n 932 \n | \n\n 932 \n | \n
| \n Depreciation\ncharge \n | \n\n | \n (1,000) \n | \n\n (778) \n | \n\n (1,778) \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Closing net book\namount \n | \n\n | \n 3,000 \n | \n\n 2,521 \n | \n\n 5,521 \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost \n | \n\n | \n 5,000 \n | \n\n 3,891 \n | \n\n 8,891 \n | \n
| \n Accumulated\ndepreciation \n | \n\n | \n (2,000) \n | \n\n (1,370) \n | \n\n (3,370) \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Net book\namount \n | \n\n | \n 3,000 \n | \n\n 2,521 \n | \n\n 5,521 \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nDepreciation charge of\n\u20ac1,778 (2024: \u20ac1,592) is included in administrative\nexpenses.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "MYLsqNDNZe": { "value": "9\n. \u00a0\u00a0\u00a0\u00a0 Right-of-use assets
\n\u00a0
\n\u00a0The\nGroup
\n| \n | \n | \n | \n | \n Land \n | \n
| \n | \n | \n | \n | \n \u20ac \n | \n
| \n Cost \n | \n\n | \n | \n | \n |
| \n | \n | \n | \n | \n |
| \n At 1 January\n2024 \n | \n\n | \n | \n | \n 14,039,628 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n At 31 December\n2024 \n | \n\n | \n | \n | \n 14,039,628 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n At 1 January\n2025 \n | \n\n | \n | \n | \n 14,039,628 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n At 31 December\n2025 \n | \n\n | \n | \n | \n 14,039,628 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n Accumulated\ndepreciation \n | \n\n | \n | \n | \n |
| \n | \n | \n | \n | \n |
| \n At 1 January\n2024 \n | \n\n | \n | \n | \n 187,255 \n | \n
| \n Depreciation\ncharge \n | \n\n | \n | \n | \n 212,701 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n At 31 December\n2024 \n | \n\n | \n | \n | \n 399,956 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n At 1 January\n2025 \n | \n\n | \n | \n | \n 399,956 \n | \n
| \n Depreciation\ncharge \n | \n\n | \n | \n | \n 212,702 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n | \n | \n | \n 612,658 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n | \n | \n | \n |
| \n At 31 December\n2024 \n | \n\n | \n | \n | \n 13,639,672 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n At 31 December\n2025 \n | \n\n | \n | \n | \n 13,426,970 \n | \n
| \n | \n | \n | \n | \n \u00a0 \n | \n
\u00a0
\nPorziuncola by Golden\nCare is an elderly care home situated in Naxxar. The Group leases\nthe land on which the Porziuncola care home is built. As at 31\nDecember 2025, the remaining lease term is 64 years.
\n\u00a0
\nA valuation exercise\nwas carried out as at 31 December 2024 by an independent\nprofessionally qualified valuer, whereby the land and buildings\nover which Porziuncola care home was erected was valued at\n\u20ac33.2 million. Despite this, an uplift was not recorded by the\nGroup. Moreover, there was no revaluation in 2025.
\n\u00a0
\nThe fair value\nmeasurements use significant unobservable inputs and are\naccordingly categorised within Level 3 of the fair valuation\nhierarchy.
\n\u00a0
\nThe fair value of the\nRight \u2011 of \u2011 use\nasset has been determined using an income \u2011 based valuation technique,\nconsistent with the principles of IFRS 13. The valuation was performed\nusing a discounted cash flow (DCF) methodology, whereby projected\nfree cash flows expected to be generated from the Porziuncola care\nhome over the remaining lease term of 67 years were discounted to\npresent value at an appropriate discount rate. No terminal value\nwas assumed, as the valuation reflects cash flows over the\nremaining duration of the lease. The discount rate of 10.2% applied\nreflects the weighted average cost of capital (WACC), determined\nusing market \u2011 based inputs and adjusted for asset \u2011 specific risks. The estimated\nfair value would increase (decrease) if the forecast cash flows\nwere higher (lower) and/or if the discount rate applied were lower\n(higher).
\n\u00a0
\nThe Group\u2019s\npolicy is to recognise transfers into and out of fair value\nhierarchy levels as of the beginning of the reporting period. There\nwere no transfers between different levels of the fair value\nhierarchy during the year ended 31 December 2025.
\n\u00a0
\nThe Right-of-use\nassets as at 31 December 2025 had it not been revalued amounted to\n\u20ac6,767,917 (2024: \u20ac6,874,920).
\n\u00a0
\nAmounts recognised in\nprofit and loss
\n\u00a0
\n| \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Depreciation expense on\nright-of-use assets \n | \n\n | \n | \n 212,702 \n | \n\n 212,701 \n | \n
| \n Interest expense on\nlease liabilities \n | \n\n | \n | \n 310,968 \n | \n\n 304,007 \n | \n
10.\n\u00a0\u00a0\u00a0\u00a0\nInvestments in subsidiaries
\n\u00a0
\n| \n The\nCompany \n | \n\n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n Movements for the\nyear ended 31 December \n | \n\n | \n | \n | |
| \n Opening net book\namount \n | \n\n | \n | \n 15,429,116 \n | \n\n 15,149,116 \n | \n
| \n Additions \n | \n\n | \n | \n 3,600 \n | \n\n 280,000 \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n | \n | \n \u00a0 \n | \n\n | |
| \n Closing net book\namount \n | \n\n | \n | \n 15,432,716 \n | \n\n 15,429,116 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n At 31\nDecember \n | \n\n | \n | \n \u00a0 \n | \n\n |
| \n Cost/net book\namount \n | \n\n | \n | \n 15,432,716 \n | \n\n 15,429,116 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe subsidiaries, all of\nwhich are unlisted at 31 December are shown below:
\n\u00a0
\n| \n Name \n | \n\n Registered\noffice \n | \n\n Principal\nactivities \n | \n\n Percentage of shares\nheld \n | \n|
| \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n | \n |
| \n Golden Care Limited\n(C89549) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Operation of elderly\ncare home \n | \n\n 100% \n | \n\n 100% \n | \n
| \n | \n | \n | \n | \n |
| \n Plan Property Holdings\nLimited (C70860) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Holding of investment\nproperty \n\u00a0and management of\nelderly care home \n | \n\n 100% \n | \n\n 100% \n | \n
| \n Plan C&T Services\nLimited (C102262) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Operation of elderly\ncare home \n | \n\n 100% \n | \n\n 100% \n | \n
| \n | \n | \n | \n | \n |
| \n Plan Developments\nLimited (C89550) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Holding of property for\ndevelopment and resale \n | \n\n 100% \n | \n\n 100% \n | \n
| \n | \n | \n | \n | \n |
| \n\n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Holding of property for\ndevelopment and resale \n | \n\n 80% \n | \n\n 80% \n | \n
| \n | \n | \n | \n | \n |
| \n Plan (BBG) Limited\n(C106559) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Holding of property for\ndevelopment and resale \n | \n\n 100% \n | \n\n 100% \n | \n
| \n | \n | \n | \n | \n |
| \n PGC Care Home Limited (C\n107468) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Operation of elderly\ncare home \n | \n\n 100% \n | \n\n 100% \n | \n
| \n Plan Qajjenza Holdings\nLimited (C 112570) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Holding of investment\nproperty and management of elderly care home \n | \n\n 100% \n | \n\n - \n | \n
| \n Golden Care Qajjenza\nLimited (C 112569) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Operation of elderly\ncare home \n | \n\n 100% \n | \n\n - \n | \n
| \n Plan (Qawra) Limited (C\n112802) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Holding of property for\ndevelopment and resale \n | \n\n 100% \n | \n\n - \n | \n
11.\n\u00a0\u00a0\u00a0\u00a0\nInvestments in associates
\n\u00a0
\n| \n The Group and\nCompany \n | \n\n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n Movements for the\nyear ended 31 December \n | \n\n | \n | \n | |
| \n Opening net book\namount \n | \n\n | \n | \n 16,041,034 \n | \n\n 11,177,056 \n | \n
| \n Additions \n | \n\n | \n | \n 480 \n | \n\n - \n | \n
| \n Share of\nprofits \n | \n\n | \n | \n 2,313,668 \n | \n\n 4,863,978 \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n | \n | \n \u00a0 \n | \n\n | |
| \n Closing net book\namount \n | \n\n | \n | \n 18,355,182 \n | \n\n 16,041,034 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n At 31\nDecember \n | \n\n | \n | \n \u00a0 \n | \n\n |
| \n Cost/net book\namount \n | \n\n | \n | \n 18,355,182 \n | \n\n 16,041,034 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe associate which is\nunlisted at 31 December is shown below:
\n\u00a0
\n| \n Name \n | \n\n Registered\noffice \n | \n\n Principal\nactivities \n | \n\n Percentage of shares\nheld \n | \n|
| \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n | \n |
| \n Gap Group Investments\n(II) Limited (C75856) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Holding\ncompany \n | \n\n 33.33% \n | \n\n 33.33% \n | \n
| \n Plan Rotunda Limited (C\n113143) \n | \n\n PLAN Group Head Office,\nTriq il-Wirt Naturali, Bahar ic-Caghaq, Naxxar \n | \n\n Holding of property for\ndevelopment and resale \n | \n\n 40% \n | \n\n - \n | \n
\u00a0
\nThe summary information\nrepresents amounts included in the IFRS financial statements of the\nassociate, not the entity\u2019s share of these amounts, although\nthey are adjusted to reflect fair value adjustments upon\nacquisition or accounting policy alignments.
\n\u00a0
\nSummarised financial\ninformation in respect of the Group\u2019s associates is set out\nbelow. The summarised financial information below represents\namounts in associate\u2019s financial statements prepared in\naccordance with IFRS Accounting Standards as adopted by the\nEU.
\n\u00a0
\n| \n | \n | \n Gap Group Investments\n(II) Limited \n | \n||
| \n | \n | \n 2025 \n | \n\n 2024 \n | \n|
| \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n|
| \n | \n | \n | \n | |
| \n Current\nassets \n | \n\n | \n 73,100,919 \n | \n\n 68,860,189 \n | \n|
| \n Non-current\nassets \n | \n\n | \n 13,759,202 \n | \n\n 13,593,982 \n | \n|
| \n Current\nliabilities \n | \n\n | \n (26,791,113) \n | \n\n (26,468,485) \n | \n|
| \n Non-current\nliabilities \n | \n\n | \n (4,907) \n | \n\n (7,862,593) \n | \n|
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n | \n | \n \u00a0 \n | \n\n | |
| \n Equity attributable to\nowners of the Company \n | \n\n 60,064,101 \n | \n\n 48,123,093 \n | \n||
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Non-controlling\ninterest \n | \n\n | \n | \n - \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Revenue \n | \n\n | \n 24,697,410 \n | \n\n 48,181,299 \n | \n|
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n | \n | \n \u00a0 \n | \n\n | |
| \n Profit for the\nyear \n | \n\n | \n | \n 6,863,923 \n | \n\n 14,338,658 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n Other comprehensive\nincome/(loss) attributable to \n | \n\n 77,080 \n | \n\n 253,276 \n | \n||
| \n \u00a0the owners of the\nCompany \n | \n\n | \n \u00a0 \n | \n\n | |
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n | \n | \n \u00a0 \n | \n\n | |
| \n Total Comprehensive\nincome \n | \n\n | \n 6,941,003 \n | \n\n 14,591,934 \n | \n|
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
No dividends were\nreceived from the associates during the year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInAssociatesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fyvhv9Gywj": { "value": "12.\n\u00a0\u00a0\u00a0 Inventories
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Property held for\nresale \n | \n\n 33,686,149 \n | \n\n 17,924,447 \n | \n\n - \n | \n\n - \n | \n
| \n Consumables \n | \n\n 89,098 \n | \n\n 92,378 \n | \n\n - \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 33,775,247 \n | \n\n 18,016,825 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAs at the reporting\ndate, certain inventories of the Group have been pledged as\nsecurity in favour of the bondholders in respect of bonds issued by\nthe Group (see Note 18).
\n\u00a0
\nThe carrying amount of\ninventories pledged as security as at 31 December 2025 amounts to\n\u20ac31,532,348 (2024: \u20ac11,821,894), analysed as\nfollows:
\n\u00a0
\n| \n - \n | \n\n Plan (BBG) Limited:\n\u20ac12,994,123 (2024: \u20ac11,821,894) \n | \n
| \n - \n | \n\n Plan (Qawra) Limited:\n\u20ac18,538,225 (2024: \u20acNIL) \n | \n
\u00a0
\nDuring the year,\n\u20ac6,162,209 (2024: \u20ac461,056) was recognised as expense for\ninventories carried at cost. This is recognised as part of the\nGroup\u2019s Cost of sales.
\n\u00a0
\nThese inventories\ncontinue to be recognised in the consolidated statement of\nfinancial position and are utilised in the ordinary course of the\nGroup\u2019s operations.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "MsO3Z.tGd7": { "value": "13.\n\u00a0\u00a0\u00a0 Trade and other receivables
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Non-current \n | \n\n | \n | \n | \n |
| \n Amounts due from related\nparties (Note i) \n | \n\n - \n | \n\n - \n | \n\n 31,277,232 \n | \n\n 13,644,037 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Current \n | \n\n | \n | \n \u00a0 \n | \n\n |
| \n Trade receivables (Note\nii) \n | \n\n 3,198,508 \n | \n\n 2,607,471 \n | \n\n - \n | \n\n - \n | \n
| \n Other\nreceivables \n | \n\n 464,527 \n | \n\n 616,532 \n | \n\n 12,302 \n | \n\n 50,000 \n | \n
| \n Prepayments and accrued\nincome \n | \n\n 443,256 \n | \n\n 300,093 \n | \n\n - \n | \n\n - \n | \n
| \n Amounts due from related\nparties (Note i) \n | \n\n 5,901,509 \n | \n\n 4,286,592 \n | \n\n 3,911,788 \n | \n\n 1,730,684 \n | \n
| \n Amounts due from\nshareholder \n | \n\n 31,820 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 10,039,620 \n | \n\n 7,810,688 \n | \n\n 3,924,090 \n | \n\n 1,780,684 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nNotes:
\n\u00a0
\n| \n i. \n | \n\n The Company\u2019s\namounts due from related parties include \u20ac12,481,715 (2024:\n\u20ac11,624,853) which are unsecured, bear interest at 6.5% and\nare due by no later than 8 November 2028 and another\n\u20ac17,945,517 (2024: NIL) which is unsecured, bear interest at\n5.75% and are due by not later than 3 November 2030. The Company\nalso has an amount due from related parties amounting to\n\u20ac850,000 (2024: \u20ac2,019,184) which is not repayable within\nthe next twelve months from the statement of financial position\ndate. \n\u00a0 \nThe Group and the\nCompany has amounts due from related parties amounting to\n\u20ac5,901,509 (2024: \u20ac4,286,592) and \u20ac3,911,788 (2024:\n\u20ac1,730,684), respectively which is interest free and repayable\nwithin the next twelve months from the consolidated and separate\nstatement of financial position date. \n\u00a0 \n | \n
| \n ii. \n | \n\n The average credit\nperiod on sales of services is 60 days. \n | \n
14.\n\u00a0\u00a0\u00a0 Share capital
\n\u00a0
\n| \n | \n | \n | \n | \n |
| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Authorised \n | \n\n | \n | \n | \n |
| \n 23,999,999 Ordinary A\nShares of \u20ac1 each \n | \n\n 23,999,999 \n | \n\n 23,999,999 \n | \n\n 23,999,999 \n | \n\n 23,999,999 \n | \n
| \n 1 Ordinary B Shares of\n\u20ac1 \n | \n\n 1 \n | \n\n 1 \n | \n\n 1 \n | \n\n 1 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n | \n 24,000,000 \n | \n\n 24,000,000 \n | \n\n 24,000,000 \n | \n\n 24,000,000 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n Issued and fully paid\nup \n | \n\n | \n | \n | \n |
| \n 23,060,153 Ordinary A\nShares of \u20ac1 each \n | \n\n 23,060,153 \n | \n\n 23,060,153 \n | \n\n 23,060,153 \n | \n\n 23,060,153 \n | \n
| \n 1 Ordinary B Shares of\n\u20ac1 \n | \n\n 1 \n | \n\n 1 \n | \n\n 1 \n | \n\n 1 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n | \n 23,060,154 \n | \n\n 23,060,154 \n | \n\n 23,060,154 \n | \n\n 23,060,154 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe issued share\ncapital of the Group/Company consists solely of fully paid ordinary\nshares, which carry equal voting rights, rights to dividends and\nrights to the distribution of surplus assets on liquidation, after\nsettlement of liabilities. Dividends may only be declared out of\ndistributable profits and shall not exceed the amount recommended\nby the directors.
", "dimensions": { "concept": "ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "zJ.Ia2O2or": { "value": "14.\n\u00a0\u00a0\u00a0 Share capital
\n\u00a0
\n| \n | \n | \n | \n | \n |
| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Authorised \n | \n\n | \n | \n | \n |
| \n 23,999,999 Ordinary A\nShares of \u20ac1 each \n | \n\n 23,999,999 \n | \n\n 23,999,999 \n | \n\n 23,999,999 \n | \n\n 23,999,999 \n | \n
| \n 1 Ordinary B Shares of\n\u20ac1 \n | \n\n 1 \n | \n\n 1 \n | \n\n 1 \n | \n\n 1 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n | \n 24,000,000 \n | \n\n 24,000,000 \n | \n\n 24,000,000 \n | \n\n 24,000,000 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n Issued and fully paid\nup \n | \n\n | \n | \n | \n |
| \n 23,060,153 Ordinary A\nShares of \u20ac1 each \n | \n\n 23,060,153 \n | \n\n 23,060,153 \n | \n\n 23,060,153 \n | \n\n 23,060,153 \n | \n
| \n 1 Ordinary B Shares of\n\u20ac1 \n | \n\n 1 \n | \n\n 1 \n | \n\n 1 \n | \n\n 1 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n | \n 23,060,154 \n | \n\n 23,060,154 \n | \n\n 23,060,154 \n | \n\n 23,060,154 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe issued share\ncapital of the Group/Company consists solely of fully paid ordinary\nshares, which carry equal voting rights, rights to dividends and\nrights to the distribution of surplus assets on liquidation, after\nsettlement of liabilities. Dividends may only be declared out of\ndistributable profits and shall not exceed the amount recommended\nby the directors.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "hnwXPO-0hu": { "value": "15.\n\u00a0\u00a0\u00a0 Revaluation reserve
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n \u20ac \n | \n\n |
| \n Opening\nbalance \n | \n\n 8,840,606 \n | \n\n 4,465,792 \n | \n\n - \n | \n\n - \n | \n
| \n Revaluation, net of\ndeferred taxation \n | \n\n - \n | \n\n 4,374,814 \n | \n\n - \n | \n\n - \n | \n
| \n Transfer upon\nrealisation through asset use, net of deferred tax \n | \n\n (68,703) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n | \n |
| \n Closing\nbalance \n | \n\n 8,771,903 \n | \n\n 8,840,606 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe revaluation reserve\nhas been created after a valuation of right-of-use assets\nand property, plant, and equipment, net of\ndeferred taxation. The revaluation reserve is not available for\ndistribution to the shareholders.
", "dimensions": { "concept": "plan:DisclosureOfRevaluationReserve", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "eEQrbkVTcG": { "value": "16.\n\u00a0\u00a0\u00a0 Retained earnings
\n\u00a0
\nThe Group and the\nCompany\u2019s retained earnings represent accumulated profits and\nlosses since incorporation date.
", "dimensions": { "concept": "plan:DisclosureOfRetainedEarnings", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "cbVobRKUo4": { "value": "17.\n\u00a0\u00a0\u00a0 Shareholders\u2019 contribution
\n\u00a0
\nThe\nGroup
\n| \n | \n | \n | \n | \n |
| \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n Shareholders\u2019\ncontribution \n | \n\n | \n | \n - \n | \n\n 850,000 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe shareholders\u2019\ncontribution represents contributions from the beneficiary owners\nto finance its operations.
\n\u00a0
\nThis amount is\nunsecured, interest free and is repayable at the option of the\nCompany.
", "dimensions": { "concept": "plan:DisclosureOfShareholdersContribution", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "WTfNtcG8U9": { "value": "18.\n\u00a0\u00a0\u00a0 Interest-bearing borrowings
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Non-current \n | \n\n | \n | \n | \n |
| \n Bank loans \n | \n\n 19,648,136 \n | \n\n 24,102,384 \n | \n\n - \n | \n\n - \n | \n
| \n Debt securities in\nissue \n | \n\n 39,640,768 \n | \n\n 11,759,731 \n | \n\n 39,640,768 \n | \n\n 11,759,731 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 59,288,904 \n | \n\n 35,862,115 \n | \n\n 39,640,768 \n | \n\n 11,759,731 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Current \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Bank loans \n | \n\n 1,279,738 \n | \n\n 1,213,213 \n | \n\n - \n | \n\n - \n | \n
| \n Bank\noverdraft \n | \n\n - \n | \n\n 307,462 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 1,279,738 \n | \n\n 1,520,675 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 60,568,642 \n | \n\n 37,382,790 \n | \n\n 39,640,768 \n | \n\n 11,759,731 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nNote:
\n\u00a0
\nThe Group\u2019s bank\nloans mature between April 2035 and August 2042.
\n\u00a0
\nThe weighted average\neffective interest rates for the Group\u2019s bank borrowings as\nat the end of the reporting period are as follows:
\n\n
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Bank loans \n | \n\n 4.32% \n | \n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n4.38% \n | \n
\n
The bank loans are\nsecured by special and general hypothecs over the Group\u2019s\nassets and guarantees given by the shareholders.
\n\u00a0
\nAs at 31 December 2025,\nthe Group had 2 undrawn loan facilities amounting to \u20ac0.2\nmillion and \u20ac10.0 million, respectively (2024: nil). The\n\u20ac0.2 million facility relates to financing of the solar panels\nin Porziuncola and is expected to be fully utilised in 2026.\nMeanwhile, the \u20ac10.0 million facility relates to financing the\ndevelopment \u00a0of the Qajjenza Care Home. It is expected to be\npartially disbursed in 2026.
\n\u00a0
\nDebt securities in\nissue
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n|
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n|
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n|
| \n Non-current \n | \n\n | \n | \n | \n | |
| \n 5.75% Secured Bonds\n2028 \n | \n\n 11,839,821 \n | \n\n 11,759,731 \n | \n\n 11,839,821 \n | \n\n 11,759,731 \n | \n|
| \n 5.10% Secured Bonds\n2030 \n | \n\n 27,800,947 \n | \n\n - \n | \n\n 27,800,947 \n | \n\n - \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n | \n | \n | \n | \n | |
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 39,640,768 \n | \n\n 11,759,731 \n | \n\n 39,640,768 \n | \n\n 11,759,731 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n |
\u00a0
\nBy virtue of a\nprospectus dated 8 November 2023, PLAN Group p.l.c. (the Issuer)\nissued \u20ac12,000,000 secured bonds with a face value of\n\u20ac100 each. The bonds bear interest at 5.75% which is payable\nannually on 23 November of each year. The bonds are redeemable at\npar and are due for redemption on 23 November 2028, unless they are\npreviously re-purchased. The bonds are guaranteed by PLAN (BBG)\nLimited, which has bound itself for the payment of the bonds and\ninterest thereon, pursuant to and subject to the terms and\nconditions in the Prospectus. The bonds were admitted to the Stock\nexchange on 19 November 2023. The quoted market price as at 31\nDecember 2025 for the bonds was \u20ac101.90 (2024: \u20ac104.25).\nIn the opinion of the directors, this market price fairly\nrepresents the fair value of these financial\nliabilities.
\n\u00a0
\nBy virtue of a base\nprospectus dated 17 October 2025, PLAN Group p.l.c. (the Issuer)\nissued \u20ac28,200,000 secured bonds with a face value of\n\u20ac100 each. The bonds bear interest of 5.10% which is payable\nannually on 19 November of each year. The bonds are redeemable at\npar and are due for redemption at any date between 19 November 2028\nand 19 November 2030, subject to providing bondholders with a 30\nday notice, unless they are previously re-purchased. The bonds are\nguaranteed by PLAN (Qawra) Limited and PLAN (BBG) Limited, which\nhave bound themselves for the payment of the bonds and interest\nthereon, pursuant to and subject to the terms and conditions in the\nFinal Terms. The bonds were admitted to the Stock exchange on 3\nDecember 2025. The quoted market price as at 31 December 2025 for\nthe bonds was \u20ac100.99 (2024: \u20acNIL). In the opinion of the\ndirectors, this market price fairly represents the fair value of\nthese financial liabilities.
\n\u00a0
\nThe bonds are measured\nat the amount of the net proceeds adjusted for the amortisation of\nthe difference between the net proceeds and the redemption value of\nsuch bonds, using the effective interest rate as\nfollows:
\n\u00a0
\n| \n The Group and\nCompany \n | \n\n | \n | \n | \n |
| \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n Original face value of\nthe bonds issued \n | \n\n | \n 40,200,000 \n | \n\n 12,000,000 \n | \n|
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n |
| \n Bond issue\ncosts \n | \n\n | \n (999,029) \n | \n\n (400,449) \n | \n|
| \n Accumulated\namortisation \n | \n\n | \n 439,797 \n | \n\n 160,180 \n | \n|
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Unamortised bond issue\ncosts \n | \n\n | \n (559,232) \n | \n\n (240,269) \n | \n|
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Amortised costs and\nclosing carrying amount of the debt securities in\nissues \n | \n\n 39,640,768 \n | \n\n 11,759,731 \n | \n||
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nReconciliation of Liabilities Arising from Financing\nActivities:
\n\u00a0
\n| \n Liabilities \n | \n\n Opening\nprincipal \n | \n\n Additions \n | \n\n Repayments \n | \n\n Other\nnon- \ncash\ncharges \n | \n\n Closing\nprincipal \n | \n
| \n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n 11,759,731 \n | \n\n 27,800,947 \n | \n\n - \n | \n\n 80,090 \n | \n\n 39,640,768 \n | \n
| \n Bank loans and\noverdrafts \n | \n\n 25,623,059 \n | \n\n - \n | \n\n (4,695,185) \n | \n\n - \n | \n\n 20,927,874 \n | \n
| \n Total financial\nliabilities \n | \n\n \u00a0 \n37,382,790 \n | \n\n \u00a0 \n27,800,947 \n | \n\n \u00a0 \n(\n4,695,185) \n | \n\n \u00a0 \n80,090 \n | \n\n \u00a0 \n60,568,642 \n | \n
\u00a0
\nAll loans are\ndenominated in Euro.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "mwe3NBt.JA": { "value": "19.\n\u00a0\u00a0\u00a0 Trade and other payables
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Non-current \n | \n\n | \n | \n | \n |
| \n Amounts due to related\nparties \n | \n\n - \n | \n\n 2,019,183 \n | \n\n - \n | \n\n 2,019,183 \n | \n
| \n Other\npayables \n | \n\n 433,333 \n | \n\n 433,333 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 433,333 \n | \n\n 2,452,516 \n | \n\n - \n | \n\n 2,019,183 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAmounts due to related\nparties unsecured, interest free and are not repayable before\ntwelve months from the date of the reporting year.
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Current \n | \n\n | \n | \n | \n |
| \n Trade\npayables \n | \n\n 1,245,396 \n | \n\n 1,436,689 \n | \n\n 21,212 \n | \n\n 10,818 \n | \n
| \n Other\npayables \n | \n\n 932,841 \n | \n\n 500,196 \n | \n\n - \n | \n\n 3,610 \n | \n
| \n Amounts due to related\nparties \n | \n\n 2,823,690 \n | \n\n 474,507 \n | \n\n 2,449,591 \n | \n\n - \n | \n
| \n Amounts due to\nshareholders \n | \n\n 2,944,639 \n | \n\n 1,822,982 \n | \n\n 2,656,333 \n | \n\n 1,807,662 \n | \n
| \n Accruals \n | \n\n 843,973 \n | \n\n 1,351,182 \n | \n\n 286,810 \n | \n\n 129,512 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 8,790,539 \n | \n\n 5,585,556 \n | \n\n 5,413,946 \n | \n\n 1,951,602 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAmounts due to related\nparties and shareholders are unsecured, interest free and are\nrepayable on demand.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "kvIon6y4be": { "value": "20.\n\u00a0\u00a0\u00a0 Deferred taxation
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n At beginning of\nyear \n | \n\n 1,778,009 \n | \n\n 2,045,315 \n | \n\n - \n | \n\n - \n | \n
| \n Charge/(credit) to\nprofit or loss (Note 7) \n | \n\n 1,328,182 \n | \n\n (267,306) \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n | \n |
| \n At end of\nyear \n | \n\n 3,106,191 \n | \n\n 1,778,009 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nDeferred tax is analysed\nas follows:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Net deferred tax asset\nat: \n | \n\n | \n | \n | \n |
| \n Temporary differences\narising on depreciation of property, plant and equipment \n | \n\n 1,054,715 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Unabsorbed capital\nallowances \n | \n\n (279,193) \n | \n\n (589,654) \n | \n\n - \n | \n\n - \n | \n
| \n Revaluation of\nright-of-use-assets \n | \n\n 2,330,669 \n | \n\n 2,367,663 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n | \n |
| \n At end of\nyear \n | \n\n 3,106,191 \n | \n\n 1,778,009 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
21.\n\u00a0\u00a0\u00a0 Current taxation
\n\u00a0
\nIncome tax payable is\nmade up as follows:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Balance at 1\nJanuary \n | \n\n 42,397 \n | \n\n (1,403) \n | \n\n 10,508 \n | \n\n 1,741 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Current tax charge for\nthe year (Note 7) \n | \n\n 787,073 \n | \n\n 163,206 \n | \n\n 7,160 \n | \n\n 12,200 \n | \n
| \n Tax paid \n | \n\n (785,547) \n | \n\n (119,406) \n | \n\n (12,251) \n | \n\n (3,433) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Balance at 31\nDecember \n | \n\n 43,923 \n | \n\n 42,397 \n | \n\n 5,417 \n | \n\n 10,508 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
22.\n\u00a0\u00a0\u00a0 Cash (used in)/generated from operations
\n\u00a0
\nReconciliation of\noperating profit to cash (used in)/generated from\noperations:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Operating\nprofit \n | \n\n 5,835,165 \n | \n\n 1,209,344 \n | \n\n 91,534 \n | \n\n 44,068 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Adjustment\nfor: \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Depreciation of\nproperty, plant and equipment (Note 8) \n | \n\n 1,622,461 \n | \n\n 1,665,321 \n | \n\n 1,778 \n | \n\n 1,592 \n | \n
| \n Depreciation of\nright-of-use assets (Note 9) \n | \n\n 212,702 \n | \n\n 212,701 \n | \n\n - \n | \n\n - \n | \n
| \n Changes in working\ncapital: \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Inventories \n | \n\n (15,758,422) \n | \n\n (2,640,441) \n | \n\n - \n | \n\n - \n | \n
| \n Trade and other\nreceivables \n | \n\n (582,195) \n | \n\n (357,682) \n | \n\n 37,698 \n | \n\n 1,218,652 \n | \n
| \n Trade and other\npayables \n | \n\n (265,857) \n | \n\n (1,848,569) \n | \n\n 164,082 \n | \n\n (13,021) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Cash (used\nin)/generated from operations \n | \n\n (8,936,146) \n | \n\n (1,759,326) \n | \n\n 295,092 \n | \n\n 1,251,291 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe Group\u2019s\nprincipal non-cash transaction, during the year ended 31 December\n2024, related to the transfer of inventory to property, plant and\nequipment due to change in use amounting to\n\u20ac2,929,248.
", "dimensions": { "concept": "plan:DisclosureOfCashUsedInOperations", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Rj7nUTd-_P": { "value": "23.\n\u00a0\u00a0\u00a0 Cash and cash equivalents
\n\u00a0
\nFor the purposes of the\nconsolidated and separate statement of cash flows, the cash and\ncash equivalents at the end of the year comprise the\nfollowing:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Cash at bank and in\nhand \n | \n\n 11,952,890 \n | \n\n 1,063,962 \n | \n\n 9,616,094 \n | \n\n 63,475 \n | \n
| \n Bank\noverdraft \n | \n\n - \n | \n\n (307,462) \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Balance at 31\nDecember \n | \n\n 11,952,890 \n | \n\n 756,500 \n | \n\n 9,616,094 \n | \n\n 63,475 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe cash and cash\nequivalents include amounts of \u20ac8,877,900 (2024: \u20ac50,000) which represents amounts\nheld in trust arrangements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "JtEvdc8JlP": { "value": "24.\n\u00a0\u00a0\u00a0 Lease Liability
\n\u00a0
\nAs a\nlessee
\n\u00a0
\nThe Group has a lease\ncontract with a third party for the land\non which the Porziuncola care home is built (see Note\n9).
\n\u00a0
\nThe carrying amounts of\nthe lease liability and the movements during the year are as\nfollows:
\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n2025 \n | \n\n \u00a0 \n2024 \n | \n
| \n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease liability\nrecognised as at 1 January \n | \n\n 7,774,190 \n | \n\n 7,600,183 \n | \n
| \n Interest on lease\nliability for the year \n | \n\n 310,968 \n | \n\n 304,007 \n | \n
| \n Ground rents payable\nfor the period \n | \n\n (136,500) \n | \n\n (130,000) \n | \n
| \n Lease liability\nrecognised as at 31 December \n | \n\n 7,948,658 \n | \n\n 7,774,190 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n2025 \n | \n\n \u00a0 \n2024 \n | \n
| \n \u00a0 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Of which\nare: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current lease\nliability \n | \n\n 143,325 \n | \n\n 136,500 \n | \n
| \n Non-current lease\nliability \n | \n\n 7,805,333 \n | \n\n 7,637,690 \n | \n
| \n Carrying\namount \n | \n\n 7,948,658 \n | \n\n 7,774,190 \n | \n
\u00a0
\n| \n | \n | \n | \n The\nGroup \n | \n\n The Group \n | \n
| \n | \n | \n | \n 2025 \n | \n\n 2024 \n | \n
| \n | \n | \n | \n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n | \n | \n |
| \n Maturity analysis -\ncontractual undiscounted cash flows \n | \n\n | \n | \n | \n |
| \n | \n | \n | \n | \n |
| \n Year 1 \n | \n\n | \n | \n 143,325 \n | \n\n 136,500 \n | \n
| \n Year 2 \n | \n\n | \n | \n 150,491 \n | \n\n 143,325 \n | \n
| \n Year 3 \n | \n\n | \n | \n 158,016 \n | \n\n 150,491 \n | \n
| \n Year 4 \n | \n\n | \n | \n 165,917 \n | \n\n 158,016 \n | \n
| \n Year 5 \n | \n\n | \n | \n 174,212 \n | \n\n 165,917 \n | \n
| \n Onwards \n | \n\n | \n | \n 29,692,232 \n | \n\n 29,866,444 \n | \n
| \n | \n | \n | \n 30,484,193 \n | \n\n 30,620,693 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n Amounts recognised in\nstatement of total comprehensive income \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest expense on lease\nliability \n | \n\n 310,968 \n | \n\n 304,007 \n | \n
| \n \u00a0 \n | \n\n 310,968 \n | \n\n 304,007 \n | \n
25.\n\u00a0\u00a0\u00a0 Related party transactions and ultimate beneficiary\nowner
\n\u00a0
\nYear end balances due\nfrom or to shareholders and related parties are disclosed in notes\n13 and 19 to these consolidated and separate financial\nstatements.\u00a0
\n\u00a0
\nAmounts due from\nrelated parties
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Non-current \n | \n\n | \n | \n | \n |
| \n Amounts due from\nsubsidiaries \n | \n\n - \n | \n\n - \n | \n\n 31,277,232 \n | \n\n 11,624,854 \n | \n
| \n Amounts due from\nassociates \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 2,019,183 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n | \n - \n | \n\n - \n | \n\n 31,277,232 \n | \n\n 13,644,037 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Current \n | \n\n | \n | \n \u00a0 \n | \n\n |
| \n Amounts due from\nsubsidiaries \n | \n\n - \n | \n\n - \n | \n\n 1,887,515 \n | \n\n 1,730,864 \n | \n
| \n Amounts due from other\nrelated parties \n | \n\n 5,901,509 \n | \n\n 4,286,592 \n | \n\n 2,024,273 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 5,901,509 \n | \n\n 4,286,592 \n | \n\n 3,911,788 \n | \n\n 1,730,864 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAmounts due to\nrelated parties
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Non-current \n | \n\n | \n | \n | \n |
| \n Amounts due to\nassociates \n | \n\n - \n | \n\n 2,019,183 \n | \n\n - \n | \n\n 2,019,183 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Current \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Amounts due to other\nrelated parties \n | \n\n 2,823,690 \n | \n\n 474,507 \n | \n\n 2,449,591 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe Company also entered\ninto related party transactions on an arm\u2019s length basis with\nrelated parties. Transaction between the Group have been eliminated\non consolidation. Transactions with related parties are also made\non an arm\u2019s length basis.
\n\u00a0
\nThe following\ntransactions were carried out with related parties:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Sales of\nservices \n | \n\n | \n | \n | \n |
| \n Related\nparties \n | \n\n - \n | \n\n - \n | \n\n 257,881 \n | \n\n 177,500 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Amounts due to/(from)\nshareholders \n | \n\n | \n | \n \u00a0 \n | \n\n |
| \n Beginning of the\nyear \n | \n\n 1,822,982 \n | \n\n 1,941,491 \n | \n\n 1,807,662 \n | \n\n 1,820,384 \n | \n
| \n Advances during the\nyear \n | \n\n 1,089,837 \n | \n\n - \n | \n\n 848,671 \n | \n\n - \n | \n
| \n Payments during the\nyear \n | \n\n - \n | \n\n (118,509) \n | \n\n - \n | \n\n (12,722) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 2,912,819 \n | \n\n 1,822,982 \n | \n\n 2,656,333 \n | \n\n 1,807,662 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n | \n |
| \n Amounts due to/(from)\nrelated parties \n | \n\n \u00a0 \n | \n\n | \n | \n |
| \n Beginning of the\nyear \n | \n\n (1,792,902) \n | \n\n (1,925,251) \n | \n\n (13,355,538) \n | \n\n (12,386,443) \n | \n
| \n Advances during the\nyear \n | \n\n (1,284,917) \n | \n\n - \n | \n\n (19,383,891) \n | \n\n (969,095) \n | \n
| \n Payments during the\nyear \n | \n\n - \n | \n\n 132,349 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n (3,077,819) \n | \n\n (1,792,902) \n | \n\n (32,739,429) \n | \n\n (13,355,538) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Key management\ncompensation \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Directors\u2019\nfees \n | \n\n 30,000 \n | \n\n 31,162 \n | \n\n 30,000 \n | \n\n 31,162 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nShareholders\u2019 contributions have\nbeen disclosed in note 17 whilst Investment in subsidiaries and\nassociates have been disclosed in notes 10 and 11.
\n\u00a0
\nThe ultimate controlling\nparty of the Group is Mr Paul Attard.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "o_WcVQCWFS": { "value": "25.\n\u00a0\u00a0\u00a0 Related party transactions and ultimate beneficiary\nowner
\n\u00a0
\nYear end balances due\nfrom or to shareholders and related parties are disclosed in notes\n13 and 19 to these consolidated and separate financial\nstatements.\u00a0
\n\u00a0
\nAmounts due from\nrelated parties
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Non-current \n | \n\n | \n | \n | \n |
| \n Amounts due from\nsubsidiaries \n | \n\n - \n | \n\n - \n | \n\n 31,277,232 \n | \n\n 11,624,854 \n | \n
| \n Amounts due from\nassociates \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 2,019,183 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n | \n - \n | \n\n - \n | \n\n 31,277,232 \n | \n\n 13,644,037 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Current \n | \n\n | \n | \n \u00a0 \n | \n\n |
| \n Amounts due from\nsubsidiaries \n | \n\n - \n | \n\n - \n | \n\n 1,887,515 \n | \n\n 1,730,864 \n | \n
| \n Amounts due from other\nrelated parties \n | \n\n 5,901,509 \n | \n\n 4,286,592 \n | \n\n 2,024,273 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 5,901,509 \n | \n\n 4,286,592 \n | \n\n 3,911,788 \n | \n\n 1,730,864 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAmounts due to\nrelated parties
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Non-current \n | \n\n | \n | \n | \n |
| \n Amounts due to\nassociates \n | \n\n - \n | \n\n 2,019,183 \n | \n\n - \n | \n\n 2,019,183 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Current \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Amounts due to other\nrelated parties \n | \n\n 2,823,690 \n | \n\n 474,507 \n | \n\n 2,449,591 \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe Company also entered\ninto related party transactions on an arm\u2019s length basis with\nrelated parties. Transaction between the Group have been eliminated\non consolidation. Transactions with related parties are also made\non an arm\u2019s length basis.
\n\u00a0
\nThe following\ntransactions were carried out with related parties:
\n\u00a0
\n| \n | \n The\nGroup \n | \n\n The Group \n | \n\n The\nCompany \n | \n\n The Company \n | \n
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n Sales of\nservices \n | \n\n | \n | \n | \n |
| \n Related\nparties \n | \n\n - \n | \n\n - \n | \n\n 257,881 \n | \n\n 177,500 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n \u00a0 \n | \n\n |
| \n Amounts due to/(from)\nshareholders \n | \n\n | \n | \n \u00a0 \n | \n\n |
| \n Beginning of the\nyear \n | \n\n 1,822,982 \n | \n\n 1,941,491 \n | \n\n 1,807,662 \n | \n\n 1,820,384 \n | \n
| \n Advances during the\nyear \n | \n\n 1,089,837 \n | \n\n - \n | \n\n 848,671 \n | \n\n - \n | \n
| \n Payments during the\nyear \n | \n\n - \n | \n\n (118,509) \n | \n\n - \n | \n\n (12,722) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n 2,912,819 \n | \n\n 1,822,982 \n | \n\n 2,656,333 \n | \n\n 1,807,662 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n | \n |
| \n Amounts due to/(from)\nrelated parties \n | \n\n \u00a0 \n | \n\n | \n | \n |
| \n Beginning of the\nyear \n | \n\n (1,792,902) \n | \n\n (1,925,251) \n | \n\n (13,355,538) \n | \n\n (12,386,443) \n | \n
| \n Advances during the\nyear \n | \n\n (1,284,917) \n | \n\n - \n | \n\n (19,383,891) \n | \n\n (969,095) \n | \n
| \n Payments during the\nyear \n | \n\n - \n | \n\n 132,349 \n | \n\n - \n | \n\n - \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n | \n (3,077,819) \n | \n\n (1,792,902) \n | \n\n (32,739,429) \n | \n\n (13,355,538) \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Key management\ncompensation \n | \n\n \u00a0 \n | \n\n | \n \u00a0 \n | \n\n |
| \n Directors\u2019\nfees \n | \n\n 30,000 \n | \n\n 31,162 \n | \n\n 30,000 \n | \n\n 31,162 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nShareholders\u2019 contributions have\nbeen disclosed in note 17 whilst Investment in subsidiaries and\nassociates have been disclosed in notes 10 and 11.
\n\u00a0
\nThe ultimate controlling\nparty of the Group is Mr Paul Attard.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "DWEfH7Bo_2": { "value": "The ultimate controlling\nparty of the Group is Mr Paul Attard", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "SSZjFtNvdY": { "value": "The ultimate controlling\nparty of the Group is Mr Paul Attard", "dimensions": { "concept": "plan:NameOfUltimateBeneficialOwnerOfTheGroup", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ibHV0JtBdY": { "value": "26.\n\u00a0\u00a0\u00a0 Financial risk management
\n\u00a0
\nOverview
\n\u00a0
\nThe Group and the\nCompany has an exposure to the following risks arising from the use\nof financial instruments within its activities:
\n\u00a0
\n| \n \u2022 \n | \n\n Credit risk \n | \n
| \n \u2022 \n | \n\n Liquidity\nrisk \n | \n
| \n \u2022 \n | \n\n Market risk \n | \n
\u00a0
\nThis note presents\ninformation about the Group\u2019s and the Company\u2019s\nexposure to each of the above risks, policies and processes for\nmeasuring and managing risk, and the Group\u2019s and the\nCompany\u2019s management of capital. Further quantitative\ndisclosures are included in these consolidated financial\nstatements.
\n\u00a0
\nThe responsibility for\nthe management of risk is vested in the Board of Directors.\u00a0\nAccordingly , it is the Board of\nDirectors who have the overall responsibility for establishing an\nappropriate risk management framework.
\n\u00a0
\nCredit\nrisk
\n\u00a0
\n\n\u00a0
\nThe Group and the\nCompany assesses the credit quality of its customers by taking into\naccount their financial standing, past experience, any payments\nmade post reporting date and other factors, such as bank references\nand the customers\u2019 financial position.
\n\u00a0
\nManagement is\nresponsible for the quality of the Group\u2019s and the\nCompany\u2019s credit portfolios and has established credit\nprocesses involving delegated approval authorities and credit\nprocedures, the objective of which is to build and maintain assets\nof high quality.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s policy is to deal only with credit worthy\ncounterparties. The credit terms are generally 60 days. The Group\nand the Company regularly review the ageing analysis together with\nthe credit limits per customer
\n\u00a0
\nImpairment of Trade and other receivables and contract\nassets
\n\u00a0
\nTo measure the expected\ncredit losses, trade and other receivables and contract assets have\nbeen grouped based on shared credit risk characteristics and the\ndays past due. Management considers the probability of default from such\ntrade and other receivables and contract assets to be not material.\nIn view of this, the amount calculated using the 12-month expected\ncredit loss model is considered to be very insignificant.\nTherefore, based on the above, no loss allowance has been\nrecognised by the Group and the Company.
\n\u00a0
\nCash and cash\nequivalents
\n\u00a0
\nThe cash and cash\nequivalents held with banks as at 31 December 2025 and 2024 are\ncallable on demand and held with local financial institutions with\nhigh quality standing or rating. Management considers the\nprobability of default from such banks to be insignificant.\nTherefore, based on the above, no loss allowance has been\nrecognised by the Group and the Company.
\n\nLiquidity risk
\n\u00a0
\nLiquidity risk is the\nrisk that the Group and the Company will not be able to meet its\nfinancial obligations as they fall due.\u00a0 The Group\u2019s and\nthe Company\u2019s approach to managing liquidity is to ensure, as\nfar as possible, that it will always have sufficient liquidity to\nmeet its liabilities when due.\u00a0 Generally, the Group and the Company\nensures that it has sufficient cash on demand to meet expected\noperational expenditure, including the servicing of financial\nobligations.\u00a0
\n\u00a0
\nThe table below\nanalyses the Group and the Company\u2019s financial liabilities\ninto relevant maturity grouping based on the remaining period at\nthe end of the reporting period to the contractual maturity\ndate.
The\nGroup
\n| \n | \n Less than 1\nyear \n | \n\n Between 1 and 2\nyears \n | \n\n Between 2 and 5\nyears \n | \n\n Over 5 \nyears \n | \n\n | \n Carrying \n\u00a0amount \n | \n
| \n As at \n | \n\n Total \n | \n|||||
| \n 31 December\n2025 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest-bearing\nborrowings \n | \n\n 3,633,328 \n | \n\n 3,633,328 \n | \n\n 63,563,050 \n | \n\n 21,831,202 \n | \n\n 92,660,908 \n | \n\n 60,568,642 \n | \n
| \n Trade and other\npayables \n | \n\n 8,790,539 \n | \n\n 433,333 \n | \n\n - \n | \n\n - \n | \n\n 9,223,872 \n | \n\n 9,223,872 \n | \n
| \n Lease\nliability \n | \n\n 143,325 \n | \n\n 150,491 \n | \n\n 498,145 \n | \n\n 29,692,232 \n | \n\n 30,484,193 \n | \n\n 7,948,658 \n | \n
| \n Current\ntaxation \n | \n\n 43,923 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 43,923 \n | \n\n 43,923 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 12,611,115 \n | \n\n 4,217,152 \n | \n\n 64,061,195 \n | \n\n 51,523,434 \n | \n\n 132,412,896 \n | \n\n 77,785,095 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n | \n |
| \n As at \n | \n\n Less than 1\nyear \n | \n\n Between 1 and 2\nyears \n | \n\n Between 2 and 5\nyears \n | \n\n Over 5\nyears \n | \n\n | \n Carrying\namount \n | \n
| \n 31 December\n2024 \n | \n\n Total \n | \n|||||
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest-bearing\nborrowings \n | \n\n 3,297,762 \n | \n\n 2,989,900 \n | \n\n 23,322,827 \n | \n\n 19,297,577 \n | \n\n 48,908,066 \n | \n\n 37,382,790 \n | \n
| \n Trade and other\npayables \n | \n\n 5,585,556 \n | \n\n 433,333 \n | \n\n 2,019,183 \n | \n\n - \n | \n\n 8,038,072 \n | \n\n 8,038,072 \n | \n
| \n Lease\nliability \n | \n\n 136,500 \n | \n\n 143,325 \n | \n\n 474,424 \n | \n\n 29,866,444 \n | \n\n 30,620,693 \n | \n\n 7,774,190 \n | \n
| \n Current\ntaxation \n | \n\n 42,397 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 42,397 \n | \n\n 42,397 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n | \n 9,062,215 \n | \n\n 3,566,558 \n | \n\n 25,816,434 \n | \n\n 49,164,021 \n | \n\n 87,609,228 \n | \n\n 53,237,449 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n \u00a0 \nThe\nCompany \n | \n\n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n | \n |
| \n As at \n | \n\n Less than 1\nyear \n | \n\n Between 1 and 2\nyears \n | \n\n Between 2 and 5\nyears \n | \n\n Over 5\nyears \n | \n\n | \n Carrying\namount \n | \n
| \n 31 December\n2025 \n | \n\n Total \n | \n|||||
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest-bearing\nborrowings \n | \n\n 2,730,000 \n | \n\n 2,730,000 \n | \n\n 60,850,000 \n | \n\n - \n | \n\n 66,310,000 \n | \n\n 39,640,768 \n | \n
| \n Trade and other\npayables \n | \n\n 5,413,946 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 5,413,946 \n | \n\n 5,413,946 \n | \n
| \n Current\ntaxation \n | \n\n 5,417 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 5,417 \n | \n\n 5,417 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 8,149,363 \n | \n\n 2,730,000 \n | \n\n 60,850,000 \n | \n\n - \n | \n\n 71,729,363 \n | \n\n 45,060,131 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n | \n |
| \n As at \n | \n\n Less than 1\nyear \n | \n\n Between 1 and 2\nyears \n | \n\n Between 2 and 5\nyears \n | \n\n Over 5\nyears \n | \n\n | \n Carrying\namount \n | \n
| \n 31 December\n2024 \n | \n\n Total \n | \n|||||
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest-bearing\nborrowings \n | \n\n 690,000 \n | \n\n 690,000 \n | \n\n 13,322,500 \n | \n\n - \n | \n\n 14,702,500 \n | \n\n 11,759,731 \n | \n
| \n Trade and other\npayables \n | \n\n 1,951,602 \n | \n\n - \n | \n\n - \n | \n\n 2,019,183 \n | \n\n 3,970,785 \n | \n\n 3,970,785 \n | \n
| \n Current\ntaxation \n | \n\n 10,508 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 10,508 \n | \n\n 10,508 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n | \n 2,652,110 \n | \n\n 690,000 \n | \n\n 13,322,500 \n | \n\n 2,019,183 \n | \n\n 18,683,793 \n | \n\n 15,741,024 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nMarket risk is the\nrisk that changes in market prices, such as foreign exchange rates\nor interest rates, will affect the fair value or future cash flows\nof a financial instrument.\u00a0 The objective of market risk is to\nmanage and control market risk exposures within acceptable\nparameters, while optimising the return on risk.
\n\u00a0
\nThe operating cash\nflows of the Group and the Company are influenced by changes in\nmarket interest rates.\u00a0 Up to the statement of financial\nposition date, the Group and the Company did not have any hedging\narrangements with respect to the exposure of floating interest rate\nrisk.\u00a0 The Group and the Company is not exposed to foreign\nexchange risk since all operations are conducted locally in the\nGroup and the Company\u2019s functional currency.
\n\u00a0
\nCapital management
\n\u00a0
\nIt is the policy of\nthe Board of Directors to maintain an\nadequate capital base in order to sustain the\nfuture development of the business and safeguard the ability of the\nGroup and the Company to continue as a going concern.\u00a0 In this\nrespect, the Board of Dire 0ctors monitor the operations and\nresults of the Group and the Company, and also monitor the level of\ndividends, if any, payable to the ordinary shareholders. The Group\nand the Company are not subject to externally imposed capital\nrequirements.\u00a0 There were no changes in the Group\u2019s and\nthe Company\u2019s approach to capital management during the\nyear.
\n\u00a0
\nFair\nvalues
\n\u00a0
\nAt 31 December 2025\nand 2024 the carrying amounts of cash at bank, receivables,\ncontract assets, payables and accrued expenses and short-term\nborrowings reflected in the consolidated and separate financial\nstatements are reasonable estimates of fair value. The fair values\nof loans are not materially different from their carrying\namounts.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "YZmvovIdxS": { "value": "Credit\nrisk
\n\u00a0
\n\n\u00a0
\nThe Group and the\nCompany assesses the credit quality of its customers by taking into\naccount their financial standing, past experience, any payments\nmade post reporting date and other factors, such as bank references\nand the customers\u2019 financial position.
\n\u00a0
\nManagement is\nresponsible for the quality of the Group\u2019s and the\nCompany\u2019s credit portfolios and has established credit\nprocesses involving delegated approval authorities and credit\nprocedures, the objective of which is to build and maintain assets\nof high quality.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s policy is to deal only with credit worthy\ncounterparties. The credit terms are generally 60 days. The Group\nand the Company regularly review the ageing analysis together with\nthe credit limits per customer
\n\u00a0
\nImpairment of Trade and other receivables and contract\nassets
\n\u00a0
\nTo measure the expected\ncredit losses, trade and other receivables and contract assets have\nbeen grouped based on shared credit risk characteristics and the\ndays past due. Management considers the probability of default from such\ntrade and other receivables and contract assets to be not material.\nIn view of this, the amount calculated using the 12-month expected\ncredit loss model is considered to be very insignificant.\nTherefore, based on the above, no loss allowance has been\nrecognised by the Group and the Company.
\n\u00a0
\nCash and cash\nequivalents
\n\u00a0
\nThe cash and cash\nequivalents held with banks as at 31 December 2025 and 2024 are\ncallable on demand and held with local financial institutions with\nhigh quality standing or rating. Management considers the\nprobability of default from such banks to be insignificant.\nTherefore, based on the above, no loss allowance has been\nrecognised by the Group and the Company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "pwXCMqdTjH": { "value": "Liquidity risk
\n\u00a0
\nLiquidity risk is the\nrisk that the Group and the Company will not be able to meet its\nfinancial obligations as they fall due.\u00a0 The Group\u2019s and\nthe Company\u2019s approach to managing liquidity is to ensure, as\nfar as possible, that it will always have sufficient liquidity to\nmeet its liabilities when due.\u00a0 Generally, the Group and the Company\nensures that it has sufficient cash on demand to meet expected\noperational expenditure, including the servicing of financial\nobligations.\u00a0
\n\u00a0
\nThe table below\nanalyses the Group and the Company\u2019s financial liabilities\ninto relevant maturity grouping based on the remaining period at\nthe end of the reporting period to the contractual maturity\ndate.
The\nGroup
\n| \n | \n Less than 1\nyear \n | \n\n Between 1 and 2\nyears \n | \n\n Between 2 and 5\nyears \n | \n\n Over 5 \nyears \n | \n\n | \n Carrying \n\u00a0amount \n | \n
| \n As at \n | \n\n Total \n | \n|||||
| \n 31 December\n2025 \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest-bearing\nborrowings \n | \n\n 3,633,328 \n | \n\n 3,633,328 \n | \n\n 63,563,050 \n | \n\n 21,831,202 \n | \n\n 92,660,908 \n | \n\n 60,568,642 \n | \n
| \n Trade and other\npayables \n | \n\n 8,790,539 \n | \n\n 433,333 \n | \n\n - \n | \n\n - \n | \n\n 9,223,872 \n | \n\n 9,223,872 \n | \n
| \n Lease\nliability \n | \n\n 143,325 \n | \n\n 150,491 \n | \n\n 498,145 \n | \n\n 29,692,232 \n | \n\n 30,484,193 \n | \n\n 7,948,658 \n | \n
| \n Current\ntaxation \n | \n\n 43,923 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 43,923 \n | \n\n 43,923 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 12,611,115 \n | \n\n 4,217,152 \n | \n\n 64,061,195 \n | \n\n 51,523,434 \n | \n\n 132,412,896 \n | \n\n 77,785,095 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n | \n |
| \n As at \n | \n\n Less than 1\nyear \n | \n\n Between 1 and 2\nyears \n | \n\n Between 2 and 5\nyears \n | \n\n Over 5\nyears \n | \n\n | \n Carrying\namount \n | \n
| \n 31 December\n2024 \n | \n\n Total \n | \n|||||
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest-bearing\nborrowings \n | \n\n 3,297,762 \n | \n\n 2,989,900 \n | \n\n 23,322,827 \n | \n\n 19,297,577 \n | \n\n 48,908,066 \n | \n\n 37,382,790 \n | \n
| \n Trade and other\npayables \n | \n\n 5,585,556 \n | \n\n 433,333 \n | \n\n 2,019,183 \n | \n\n - \n | \n\n 8,038,072 \n | \n\n 8,038,072 \n | \n
| \n Lease\nliability \n | \n\n 136,500 \n | \n\n 143,325 \n | \n\n 474,424 \n | \n\n 29,866,444 \n | \n\n 30,620,693 \n | \n\n 7,774,190 \n | \n
| \n Current\ntaxation \n | \n\n 42,397 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 42,397 \n | \n\n 42,397 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n | \n 9,062,215 \n | \n\n 3,566,558 \n | \n\n 25,816,434 \n | \n\n 49,164,021 \n | \n\n 87,609,228 \n | \n\n 53,237,449 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n \u00a0 \nThe\nCompany \n | \n\n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n | \n |
| \n As at \n | \n\n Less than 1\nyear \n | \n\n Between 1 and 2\nyears \n | \n\n Between 2 and 5\nyears \n | \n\n Over 5\nyears \n | \n\n | \n Carrying\namount \n | \n
| \n 31 December\n2025 \n | \n\n Total \n | \n|||||
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest-bearing\nborrowings \n | \n\n 2,730,000 \n | \n\n 2,730,000 \n | \n\n 60,850,000 \n | \n\n - \n | \n\n 66,310,000 \n | \n\n 39,640,768 \n | \n
| \n Trade and other\npayables \n | \n\n 5,413,946 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 5,413,946 \n | \n\n 5,413,946 \n | \n
| \n Current\ntaxation \n | \n\n 5,417 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 5,417 \n | \n\n 5,417 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 8,149,363 \n | \n\n 2,730,000 \n | \n\n 60,850,000 \n | \n\n - \n | \n\n 71,729,363 \n | \n\n 45,060,131 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n | \n | \n | \n | \n | \n | \n |
| \n As at \n | \n\n Less than 1\nyear \n | \n\n Between 1 and 2\nyears \n | \n\n Between 2 and 5\nyears \n | \n\n Over 5\nyears \n | \n\n | \n Carrying\namount \n | \n
| \n 31 December\n2024 \n | \n\n Total \n | \n|||||
| \n | \n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n\n \u20ac \n | \n
| \n | \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Interest-bearing\nborrowings \n | \n\n 690,000 \n | \n\n 690,000 \n | \n\n 13,322,500 \n | \n\n - \n | \n\n 14,702,500 \n | \n\n 11,759,731 \n | \n
| \n Trade and other\npayables \n | \n\n 1,951,602 \n | \n\n - \n | \n\n - \n | \n\n 2,019,183 \n | \n\n 3,970,785 \n | \n\n 3,970,785 \n | \n
| \n Current\ntaxation \n | \n\n 10,508 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 10,508 \n | \n\n 10,508 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| \n | \n 2,652,110 \n | \n\n 690,000 \n | \n\n 13,322,500 \n | \n\n 2,019,183 \n | \n\n 18,683,793 \n | \n\n 15,741,024 \n | \n
| \n | \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nMarket risk is the\nrisk that changes in market prices, such as foreign exchange rates\nor interest rates, will affect the fair value or future cash flows\nof a financial instrument.\u00a0 The objective of market risk is to\nmanage and control market risk exposures within acceptable\nparameters, while optimising the return on risk.
\n\u00a0
\nThe operating cash\nflows of the Group and the Company are influenced by changes in\nmarket interest rates.\u00a0 Up to the statement of financial\nposition date, the Group and the Company did not have any hedging\narrangements with respect to the exposure of floating interest rate\nrisk.\u00a0 The Group and the Company is not exposed to foreign\nexchange risk since all operations are conducted locally in the\nGroup and the Company\u2019s functional currency.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "QaKw9JE7bD": { "value": "Capital management
\n\u00a0
\nIt is the policy of\nthe Board of Directors to maintain an\nadequate capital base in order to sustain the\nfuture development of the business and safeguard the ability of the\nGroup and the Company to continue as a going concern.\u00a0 In this\nrespect, the Board of Dire 0ctors monitor the operations and\nresults of the Group and the Company, and also monitor the level of\ndividends, if any, payable to the ordinary shareholders. The Group\nand the Company are not subject to externally imposed capital\nrequirements.\u00a0 There were no changes in the Group\u2019s and\nthe Company\u2019s approach to capital management during the\nyear.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "E7vJirl3sC": { "value": "Fair\nvalues
\n\u00a0
\nAt 31 December 2025\nand 2024 the carrying amounts of cash at bank, receivables,\ncontract assets, payables and accrued expenses and short-term\nborrowings reflected in the consolidated and separate financial\nstatements are reasonable estimates of fair value. The fair values\nof loans are not materially different from their carrying\namounts.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "JT9gSCqbwD": { "value": "27.\n\u00a0\u00a0\u00a0 Post balance sheet events
\n\u00a0
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "HxKA.Stmpn": { "value": "28.\n\u00a0\u00a0\u00a0 Comparative information\n\u00a0\nCertain comparative\ninformation has been reclassified to conform with the current\nyear\u2019s disclosure for the purpose of fairer\npresentation.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfNecessaryAdjustmentToProvideComparativeInformation", "language": "en", "entity": "scheme:4851009X887E3QPTGP81", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }