{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"anor": "http://anora.com",
"ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full",
"iso4217": "http://www.xbrl.org/2003/iso4217",
"scheme": "http://standards.iso.org/iso/17442",
"xbrl": "https://xbrl.org/2021",
"xbrli": "http://www.xbrl.org/2003/instance"
},
"taxonomy": [
"http://anora.com/anor-2024-12-31.xsd"
]
},
"facts": {
"fact-1": {
"value": "692000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-2": {
"value": "726500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-3": {
"value": "8500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-4": {
"value": "20300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-5": {
"value": "407100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RawMaterialsAndConsumablesUsed",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-6": {
"value": "441400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RawMaterialsAndConsumablesUsed",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-7": {
"value": "103900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-8": {
"value": "103800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-9": {
"value": "128300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-10": {
"value": "134100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-11": {
"value": "26800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DepreciationAndAmortisationExpense",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-12": {
"value": "33400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DepreciationAndAmortisationExpense",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-13": {
"value": "-0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-14": {
"value": "65400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-15": {
"value": "34500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-16": {
"value": "-31300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-17": {
"value": "10700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-18": {
"value": "24600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-19": {
"value": "30700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-20": {
"value": "47400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-21": {
"value": "300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-22": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-23": {
"value": "14700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-24": {
"value": "-53900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-25": {
"value": "3700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-26": {
"value": "-13900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-27": {
"value": "11100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-28": {
"value": "-39900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-29": {
"value": "10500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-30": {
"value": "-39900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-31": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-32": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-33": {
"value": "0.16",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"fact-34": {
"value": "-0.59",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"fact-35": {
"value": "0.15",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"fact-36": {
"value": "-0.58",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"fact-37": {
"value": "11100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-38": {
"value": "-39900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-39": {
"value": "-300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-40": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-41": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-42": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-43": {
"value": "-200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-44": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-45": {
"value": "2200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-46": {
"value": "-6700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-47": {
"value": "-6900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-48": {
"value": "-12800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-49": {
"value": "300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-50": {
"value": "-1000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-51": {
"value": "-5000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-52": {
"value": "-18500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-53": {
"value": "-5200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-54": {
"value": "-18600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-55": {
"value": "5900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-56": {
"value": "-58500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-57": {
"value": "5300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-58": {
"value": "-58400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-59": {
"value": "600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-60": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-61": {
"value": "299100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Goodwill",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-62": {
"value": "304300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Goodwill",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-63": {
"value": "194100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-64": {
"value": "206300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-65": {
"value": "63200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-66": {
"value": "62700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-67": {
"value": "59000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-68": {
"value": "67900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-69": {
"value": "11600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-70": {
"value": "12300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-71": {
"value": "700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-72": {
"value": "700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-73": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentReceivables",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-74": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentReceivables",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-75": {
"value": "627800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-76": {
"value": "654100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-77": {
"value": "139200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-78": {
"value": "144200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-79": {
"value": "113800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherReceivables",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-80": {
"value": "110100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherReceivables",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-81": {
"value": "1900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-82": {
"value": "800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-83": {
"value": "5300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentTaxAssetsCurrent",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-84": {
"value": "6100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentTaxAssetsCurrent",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-85": {
"value": "181500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-86": {
"value": "212700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-87": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-88": {
"value": "7600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-89": {
"value": "441600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-90": {
"value": "481600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-91": {
"value": "1069400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-92": {
"value": "1135700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-93": {
"value": "61500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-94": {
"value": "61500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-95": {
"value": "336800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CapitalReserve",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-96": {
"value": "336800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CapitalReserve",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-97": {
"value": "400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ReserveOfCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-98": {
"value": "-1500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ReserveOfCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-99": {
"value": "-50800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-100": {
"value": "-44000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-101": {
"value": "50100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-102": {
"value": "54500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-103": {
"value": "397900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-104": {
"value": "407300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-105": {
"value": "900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-106": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-107": {
"value": "398700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-108": {
"value": "407800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-109": {
"value": "35400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-110": {
"value": "36500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-111": {
"value": "163500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-112": {
"value": "214800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-113": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognition",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-114": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognition",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-115": {
"value": "104700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-116": {
"value": "120700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-117": {
"value": "2600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-118": {
"value": "2400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-119": {
"value": "306400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-120": {
"value": "374500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-121": {
"value": "21500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-122": {
"value": "1500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-123": {
"value": "400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognition",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-124": {
"value": "600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognition",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-125": {
"value": "13400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-126": {
"value": "13300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-127": {
"value": "1700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentProvisionsForEmployeeBenefits",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-128": {
"value": "3900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentProvisionsForEmployeeBenefits",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-129": {
"value": "324400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-130": {
"value": "329600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-131": {
"value": "1400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-132": {
"value": "2200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-133": {
"value": "1500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-134": {
"value": "2200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-135": {
"value": "364400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-136": {
"value": "353400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-137": {
"value": "670700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-138": {
"value": "727900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-139": {
"value": "1069400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-140": {
"value": "1135700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-141": {
"value": "14700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-142": {
"value": "-53900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-143": {
"value": "26800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-144": {
"value": "98800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-145": {
"value": "300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-146": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-147": {
"value": "-200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-148": {
"value": "-12200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-149": {
"value": "-20000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceIncomeCost",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-150": {
"value": "-22800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceIncomeCost",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-151": {
"value": "-1100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-152": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-153": {
"value": "45300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForReconcileProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-154": {
"value": "109300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForReconcileProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-155": {
"value": "2600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-156": {
"value": "8300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-157": {
"value": "-5400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-158": {
"value": "119800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-159": {
"value": "-2100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-160": {
"value": "-18900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-161": {
"value": "4900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInWorkingCapital",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-162": {
"value": "-109200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInWorkingCapital",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-163": {
"value": "21600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-164": {
"value": "28200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-165": {
"value": "7800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-166": {
"value": "12000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-167": {
"value": "4300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherFinanceIncomeCost",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-168": {
"value": "8000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherFinanceIncomeCost",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-169": {
"value": "3800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-170": {
"value": "5200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-171": {
"value": "21900000.0",
"decimals": -5,
"dimensions": {
"concept": "anor:RahoituseratJaVerot",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-172": {
"value": "29400000.0",
"decimals": -5,
"dimensions": {
"concept": "anor:RahoituseratJaVerot",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-173": {
"value": "33200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-174": {
"value": "135300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-175": {
"value": "12300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-176": {
"value": "12600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-177": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-178": {
"value": "900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-179": {
"value": "300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-180": {
"value": "52300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-181": {
"value": "7600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-182": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-183": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-184": {
"value": "-0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-185": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-186": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-187": {
"value": "900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-188": {
"value": "900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-189": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsReceivedClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-190": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsReceivedClassifiedAsInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-191": {
"value": "-3800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-192": {
"value": "41600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-193": {
"value": "19800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-194": {
"value": "-30000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-195": {
"value": "51500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-196": {
"value": "1500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-197": {
"value": "12600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-198": {
"value": "11100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-199": {
"value": "15100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-200": {
"value": "15100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-201": {
"value": "-59400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-202": {
"value": "-57700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-203": {
"value": "-29900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-204": {
"value": "119200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-205": {
"value": "212700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-206": {
"value": "91400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-207": {
"value": "-1300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-208": {
"value": "2100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-209": {
"value": "-29900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-210": {
"value": "119200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-211": {
"value": "181500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-212": {
"value": "212700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-213": {
"value": "61500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-214": {
"value": "336800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-215": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-216": {
"value": "4200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-217": {
"value": "-33000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-218": {
"value": "110700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-219": {
"value": "480500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-220": {
"value": "900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-221": {
"value": "481400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-222": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-223": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-224": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-225": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-226": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-227": {
"value": "-39900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-228": {
"value": "-39900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-229": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-230": {
"value": "-39900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-231": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-232": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-233": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-234": {
"value": "-5700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-235": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-236": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-237": {
"value": "-5700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-238": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-239": {
"value": "-5700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-240": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-241": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-242": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-243": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-244": {
"value": "-11000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-245": {
"value": "-1700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-246": {
"value": "-12700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-247": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-248": {
"value": "-12800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-249": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-250": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-251": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-252": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-253": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-254": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-255": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-256": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-257": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-258": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-259": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-260": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-261": {
"value": "-5700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-262": {
"value": "-11000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-263": {
"value": "-41800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-264": {
"value": "-58400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-265": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-266": {
"value": "-58500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-267": {
"value": "-0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-268": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-269": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-270": {
"value": "-0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-271": {
"value": "-0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-272": {
"value": "14900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-273": {
"value": "14900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-274": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-275": {
"value": "15100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-276": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-277": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-278": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-279": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-280": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-281": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-282": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-283": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-284": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-285": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-286": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-287": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-288": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-289": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-290": {
"value": "-14800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-291": {
"value": "-14800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-292": {
"value": "-200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-293": {
"value": "-15100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-294": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-295": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-296": {
"value": "-500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-297": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-298": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-299": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-300": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-301": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-302": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-303": {
"value": "61500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-304": {
"value": "336800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-305": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-306": {
"value": "-1500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-307": {
"value": "-44000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-308": {
"value": "54500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-309": {
"value": "407300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-310": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-311": {
"value": "407800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-312": {
"value": "61500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-313": {
"value": "336800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-314": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-315": {
"value": "-1500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-316": {
"value": "-44000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-317": {
"value": "54500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-318": {
"value": "407300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-319": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-320": {
"value": "407800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-321": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-322": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-323": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-324": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-325": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-326": {
"value": "10500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-327": {
"value": "10500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-328": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-329": {
"value": "11100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-330": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-331": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-332": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-333": {
"value": "1900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-334": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-335": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-336": {
"value": "1900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-337": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-338": {
"value": "1900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-339": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-340": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-341": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-342": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-343": {
"value": "-6800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-344": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-345": {
"value": "-6800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-346": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-347": {
"value": "-6900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-348": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-349": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-350": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-351": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-352": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-353": {
"value": "-200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-354": {
"value": "-200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-355": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-356": {
"value": "-200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-357": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-358": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-359": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-360": {
"value": "1900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-361": {
"value": "-6800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-362": {
"value": "10300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-363": {
"value": "5300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-364": {
"value": "600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-365": {
"value": "5900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-366": {
"value": "-0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-367": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-368": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-369": {
"value": "-0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-370": {
"value": "-0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-371": {
"value": "14900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-372": {
"value": "14900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-373": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-374": {
"value": "15100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-375": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-376": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-377": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-378": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-379": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-380": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-381": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-382": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-383": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-384": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-385": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-386": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-387": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-388": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-389": {
"value": "-14700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-390": {
"value": "-14700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-391": {
"value": "-200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-392": {
"value": "-14900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-393": {
"value": "61500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"fact-394": {
"value": "336800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-395": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember",
"unit": "iso4217:EUR"
}
},
"fact-396": {
"value": "400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:EUR"
}
},
"fact-397": {
"value": "-50800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:EUR"
}
},
"fact-398": {
"value": "50100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"fact-399": {
"value": "397900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:EUR"
}
},
"fact-400": {
"value": "900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"fact-401": {
"value": "398700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"fact-402": {
"value": "Notes to the consolidated financial statements
GENERAL INFORMATION Information on Anora Anora Group Plc (\u2018company\u2019, \u2018parent company\u2019), a public limited liability company, and its subsidiaries (together \u2018Anora Group\u2019, \u2018Anora\u2019 or \u2018Group\u2019) is a leading wine and spirits brand house in the Nordic region. Anora has a broad portfolio of iconic brands, including Koskenkorva, Blossa, Linie, Skagerrak, Chill Out, Ruby Zin, Wongraven, O.P. Anderson and Falling Feather. Key brands are exported to over 30 markets globally. Together with partners Anora brings the world of quality drinks to the Nordics. Anora has a strong partner portfolio which include several well-known wine producers from all over the world, as well as spirits producers with well-known spirits brands, like Amarula, Fireball, Fernet Branca, Hern\u00f6, Jose Cuervo and Underberg. Anora\u2019s business operations also include world- class industrial operations in distillation, bottling and logistics services as well as the production of technical ethanol products, neutral potable ethanol, feed components and barley starch. Anora\u2019s customers include alcohol retail monopolies, alcoholic beverage wholesalers, HoReCa industry, retail grocery stores, travel trade, importers in the export markets and industrial customers. Anora Group Plc, the parent company of Anora Group, is domiciled in Helsinki, Finland. Anora Group Plc is a Finnish publicly listed company. Anora\u2019s shares are listed in Nasdaq Helsinki. The registered address of the Company is Kaapeliaukio 1, FI-00180 Helsinki, Finland. Copies of the consolidated financial statements are available online at www.anora.com or at the Group\u2019s headquarters at Kaapeliaukio 1, FI-00180 Helsinki, Finland. Anora Group Plc\u2019s Board of Directors has approved these financial statements for publication in its meeting on 18 March 2025. According to the Finnish Limited Liability Companies Act, shareholders have the right to approve or reject the financial statements in the Annual General Meeting held after the publication of the financial statements. The Annual General Meeting also has the right to make a decision to amend the financial statements. Basis of preparation The consolidated financial statements for the year ended 31 December 2024 are prepared in accordance with IFRS Accounting Standards complying with the SIC and IFRIC interpretations in force and approved by EU on 31 December 2024. Notes to the consolidated financial statements also comply with the requirements of the Finnish Accounting Act and Limited Liability Companies Act. The consolidated financial statements for the year ended 31 December 2024 have been prepared on a historical cost basis, except for equity investments, derivatives and put options for the purchase of non-controlling interests. The consolidated financial statements are presented in millions of euros. The figures are rounded to the nearest million with one decimal, and therefore the sum of individual figures may deviate from the total presented.From 1 January 2024, IASB\u2019s amendment on IAS
1 regarding Classification of Liabilities as Current
or Non-current and Non-current liabilities with
covenants became effective. This amendment
provides specific guidance on the classification
of liabilities as current or non-current, particularly
related to the timing of rights to defer settlement,
and requires some additional disclosures related
to the loans with covenants. Amendment is to be
applied retrospectively in accordance with IAS 8
for annual reporting periods beginning on or after
1 January 2024. For Anora Group, this amendment
has been applied for the first time for its annual
reporting period commencing 1 January 2024.
The amendment did not have any impact on the
amounts recognised in prior periods and is not
expected to significantly affect the current or future
periods.
There were no other changes in accounting
standards or other accounting requirements which
became effective from 1 January 2024 that have had
material impact for Anora Group.
Anora adopts the following new and amended
standards and interpretations as of the effective
date:
IFRS 18: Presentation and Disclosure in Financial
Statements, which is effective for annual periods
beginning on or after 1 January 2027, will replace
IAS 1: Presentation of Financial Statements. This
new standard aims to enhance the comparability
of financial performance among similar entities
and provide users with more relevant information
and increased transparency. IFRS 18 introduces a
defined structure for the statement of profit or loss, reclassifying items of income and expenses into five new categories in the statement of profit or loss: Operating, Investing, Financing, Income taxes and Discontinued operations. While IFRS 18 does not affect the recognition or measurement of items in the financial statements, its impact on presentation and disclosure is expected to be significant, particularly concerning the statement of financial performance and the inclusion of management- defined performance measures. Management is currently evaluating the detailed implications of implementing the new standard on the consolidated financial statements. The high-level preliminary assessment has identified the following potential impacts: \u2014 Reclassifying items of income and expenses into the new categories in the statement of profit or loss can have some impact on the calculation and reporting of operating profit. This is primarily due to the specific requirements for categorising derivative gains or losses under IFRS 18 \u2014 The line items presented in the primary financial statements may change due to the implementation of the \u2018useful structured summary\u2019 concept and enhanced aggregation and disaggregation principles \u2014 The information disclosed in the notes is not expected to change significantly since the requirement to disclose material information remains the same. However, the way information is grouped might change due to the new aggregation/disaggregation principles Furthermore, there will be new disclosures required for: \u2014 Management-defined performance measures, and \u2014 reconciliation for each line item in the statement of profit or loss for the first annual period applying IFRS 18, comparing the restated amounts to those previously presented under IAS 1 \u2014 From a cash flow statement perspective, there will be changes in how interest received and paid are presented. Interest paid will be classified as financing cash flows, and interest received as investing cash flows, contrasting with the current presentation of both as part of operating cash flows The Group will adopt the new standard from its mandatory effective date of 1 January 2027. Retrospective application is required, so comparative information for the financial year ending 31 December 2026 will be restated following IFRS 18. Amendments to IFRS 9 and IFRS 7 regarding the Classification and Measurement of Financial Instruments will be effective for annual periods beginning on or after 1 January 2026. These amendments are providing some further guidance and clarifications in addition to new disclosure requirements for certain instruments with contractual terms, such as features linked to sustainability targets, that can change cashflows. The Group does not expect these amendments to have a material impact on its operations or financial statements. There are no other amendments to standards and IFRIC interpretations effective on or after January 1, 2025, that are expected to have any material impact on the Group Accounting policies requiring management
judgement and key sources of estimation
uncertainty
The preparation of financial statements requires
management to make accounting estimates which
may include use of judgement in the application of
the accounting standards.
Estimates and related assumptions made in
the preparation of the financial statements, are
based on the management\u2019s best knowledge at the
reporting date. The realised results can differ from
the estimates, and any changes in estimates and
assumptions are recognised when estimates and
assumptions are corrected.
Material accounting policies and critical
accounting estimates and judgements made are
described in each note as follows;
\u2014 Revenue recognition - Note 1.2
\u2014 Intangible assets - Note 2.1
\u2014 Property, plant and equipment \u2013 Note 2.2
\u2014 Right-of-use assets \u2013 Note 2.3
\u2014 Inventories \u2013 Note 2.4
\u2014 Financial assets and liabilities \u2013 Note 3.2
\u2014 Recoverability of investments in associates \u2013 Note
5.2
\u2014 Changes in Group structure \u2013 Note 5.2
Changes in presentation and accounting note
reclassifications
Where necessary, comparative information has been
reclassified to achieve consistency in disclosure with
current financial year amounts. The presentation of
impairment losses was reclassified to a separate line
in the consolidated income statement for 2023.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-403": {
"value": "Notes to the consolidated financial statements GENERAL INFORMATION
Information on Anora
Anora Group Plc (\u2018company\u2019, \u2018parent company\u2019), a
public limited liability company, and its subsidiaries
(together \u2018Anora Group\u2019, \u2018Anora\u2019 or \u2018Group\u2019) is a
leading wine and spirits brand house in the Nordic
region. Anora has a broad portfolio of iconic brands,
including Koskenkorva, Blossa, Linie, Skagerrak, Chill
Out, Ruby Zin, Wongraven, O.P. Anderson and Falling
Feather. Key brands are exported to over 30 markets
globally.
Together with partners Anora brings the world
of quality drinks to the Nordics. Anora has a strong
partner portfolio which include several well-known
wine producers from all over the world, as well as
spirits producers with well-known spirits brands, like
Amarula, Fireball, Fernet Branca, Hern\u00f6, Jose Cuervo
and Underberg.
Anora\u2019s business operations also include world-
class industrial operations in distillation, bottling
and logistics services as well as the production of
technical ethanol products, neutral potable ethanol,
feed components and barley starch.
Anora\u2019s customers include alcohol retail
monopolies, alcoholic beverage wholesalers,
HoReCa industry, retail grocery stores, travel trade,
importers in the export markets and industrial
customers.
Anora Group Plc, the parent company of Anora
Group, is domiciled in Helsinki, Finland. Anora Group
Plc is a Finnish publicly listed company. Anora\u2019s
shares are listed in Nasdaq Helsinki. The registered
address of the Company is Kaapeliaukio 1, FI-00180 Helsinki, Finland. Copies of the consolidated financial statements are available online at www.anora.com or at the Group\u2019s headquarters at Kaapeliaukio 1, FI-00180 Helsinki, Finland. Anora Group Plc\u2019s Board of Directors has approved these financial statements for publication in its meeting on 18 March 2025. According to the Finnish Limited Liability Companies Act, shareholders have the right to approve or reject the financial statements in the Annual General Meeting held after the publication of the financial statements. The Annual General Meeting also has the right to make a decision to amend the financial statements. Basis of preparation The consolidated financial statements for the year ended 31 December 2024 are prepared in accordance with IFRS Accounting Standards complying with the SIC and IFRIC interpretations in force and approved by EU on 31 December 2024. Notes to the consolidated financial statements also comply with the requirements of the Finnish Accounting Act and Limited Liability Companies Act. The consolidated financial statements for the year ended 31 December 2024 have been prepared on a historical cost basis, except for equity investments, derivatives and put options for the purchase of non-controlling interests. The consolidated financial statements are presented in millions of euros. The figures are rounded to the nearest million with one decimal, and therefore the sum of individual figures may deviate from the total presented. From 1 January 2024, IASB\u2019s amendment on IAS 1 regarding Classification of Liabilities as Current or Non-current and Non-current liabilities with covenants became effective. This amendment provides specific guidance on the classification of liabilities as current or non-current, particularly related to the timing of rights to defer settlement, and requires some additional disclosures related to the loans with covenants. Amendment is to be applied retrospectively in accordance with IAS 8 for annual reporting periods beginning on or after 1 January 2024. For Anora Group, this amendment has been applied for the first time for its annual reporting period commencing 1 January 2024. The amendment did not have any impact on the amounts recognised in prior periods and is not expected to significantly affect the current or future periods. There were no other changes in accounting standards or other accounting requirements which became effective from 1 January 2024 that have had material impact for Anora Group. Anora adopts the following new and amended standards and interpretations as of the effective date: IFRS 18: Presentation and Disclosure in Financial Statements, which is effective for annual periods beginning on or after 1 January 2027, will replace IAS 1: Presentation of Financial Statements. This new standard aims to enhance the comparability of financial performance among similar entities and provide users with more relevant information and increased transparency. IFRS 18 introduces a defined structure for the statement of profit or loss, reclassifying items of income and expenses into five new categories in the statement of profit or loss: Operating, Investing, Financing, Income taxes and Discontinued operations. While IFRS 18 does not affect the recognition or measurement of items in the financial statements, its impact on presentation and disclosure is expected to be significant, particularly concerning the statement of financial performance and the inclusion of management- defined performance measures. Management is currently evaluating the detailed implications of implementing the new standard on the consolidated financial statements. The high-level preliminary assessment has identified the following potential impacts: \u2014 Reclassifying items of income and expenses into the new categories in the statement of profit or loss can have some impact on the calculation and reporting of operating profit. This is primarily due to the specific requirements for categorising derivative gains or losses under IFRS 18 \u2014 The line items presented in the primary financial statements may change due to the implementation of the \u2018useful structured summary\u2019 concept and enhanced aggregation and disaggregation principles \u2014 The information disclosed in the notes is not expected to change significantly since the requirement to disclose material information remains the same. However, the way information is grouped might change due to the new aggregation/disaggregation principles Furthermore, there will be new disclosures required for: \u2014 Management-defined performance measures, and \u2014 reconciliation for each line item in the statement of profit or loss for the first annual period applying IFRS 18, comparing the restated amounts to those previously presented under IAS 1 \u2014 From a cash flow statement perspective, there will be changes in how interest received and paid are presented. Interest paid will be classified as financing cash flows, and interest received as investing cash flows, contrasting with the current presentation of both as part of operating cash flows The Group will adopt the new standard from its mandatory effective date of 1 January 2027. Retrospective application is required, so comparative information for the financial year ending 31 December 2026 will be restated following IFRS 18. Amendments to IFRS 9 and IFRS 7 regarding the Classification and Measurement of Financial Instruments will be effective for annual periods beginning on or after 1 January 2026. These amendments are providing some further guidance and clarifications in addition to new disclosure requirements for certain instruments with contractual terms, such as features linked to sustainability targets, that can change cashflows. The Group does not expect these amendments to have a material impact on its operations or financial statements. There are no other amendments to standards and IFRIC interpretations effective on or after January 1, 2025, that are expected to have any material impact on the Group . Accounting policies requiring management judgement and key sources of estimation uncertainty The preparation of financial statements requires management to make accounting estimates which may include use of judgement in the application of the accounting standards. Estimates and related assumptions made in the preparation of the financial statements, are based on the management\u2019s best knowledge at the reporting date. The realised results can differ from the estimates, and any changes in estimates and assumptions are recognised when estimates and assumptions are corrected. Material accounting policies and critical accounting estimates and judgements made are described in each note as follows; \u2014 Revenue recognition - Note 1.2 \u2014 Intangible assets - Note 2.1 \u2014 Property, plant and equipment \u2013 Note 2.2 \u2014 Right-of-use assets \u2013 Note 2.3 \u2014 Inventories \u2013 Note 2.4 \u2014 Financial assets and liabilities \u2013 Note 3.2 \u2014 Recoverability of investments in associates \u2013 Note 5.2 \u2014 Changes in Group structure \u2013 Note 5.2 Changes in presentation and accounting note reclassifications Where necessary, comparative information has been reclassified to achieve consistency in disclosure with current financial year amounts. The presentation of impairment losses was reclassified to a separate line in the consolidated income statement for 2023. Accounting policy - Revenue recognition The revenue is recognised at an amount of consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer. The transaction price may include variable considerations such as volume discounts, bonuses, marketing support and product returns. The variable considerations are estimated using the most likely value method if not yet realised in the end of reporting period. The revenue is further adjusted with indirect sales taxes, excise taxes, deposit and recycling fees. Sale of goods The wine and spirits businesses generally only sell physical products in the form of wine and spirits products. Sale of these products are accounted for in the Group\u2019s income statement at a point in time when they are delivered to the Group\u2019s customers according to the delivery terms. In partner supplier agreements, which entitle Group to distribute partners\u2019 products, Anora acts as a principal towards the end customer having control over the product, discretion in establishing prices and owning the inventory. Accordingly, revenue recognised is the gross amount to which Anora is entitled to in these product sales. Sale of services The sale of services contracts essentially include a single performance obligation, being a series of distinct services such as contract manufacturing, customer services and logistics. The revenue recognition occurs at a point in time, when the control of the goods is transferred to the customer according to the delivery terms. Revenue from the sale of services is recognised at the time of delivery of services, which in most cases correspond with delivery of the goods manufactured or goods distributed being delivered to the customers according to the delivery terms. This include the logistics business, as this business is acting as an agent on behalf of its business partners, and therefore the logistics services are considered completed at the time of the goods being delivered to the customers according to delivery terms. The revenue from activity-based services at logistics business, such as rent for storage of pallets, reconstruction of pallets from larger EUR pallets to smaller quarter pallets, destruction services, etc, is recognised over time. Input for these services is based on actual pallet places of storage being used during the period, actual number of pallets being reconstructed during a period or actual volume being destructed during a period. Financing components Primarily accounts receivable fall due 0\u201360 days after invoicing date. Transaction prices do not include any significant financing components Accounting policy - Goodwill Goodwill arising on business combinations is recognised as a residual value in the excess of the aggregate of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, over the fair value of the net assets acquired. Goodwill is measured at cost less accumulated impairment losses. Goodwill is not amortised but is tested annually for impairment or more frequently, if the facts and circumstances suggest that carrying value may not be recoverable. At the acquisition date goodwill arising from business combinations is allocated to the cash generating unit (\u2018CGU\u2019) or cash generating units expected to benefit from the synergies of the business combination, irrespective of whether other assets and/or liabilities of the acquiree are assigned to the CGU or CGUs. The CGU or group of CGU\u2019s to which the goodwill is allocated represent the level on which the management monitors the goodwill. Marketing related intangible assets (Trademarks and company brands) The most significant trademarks include for example, Gammel Opland, Aalborg, Gammel Dansk, Lysholm Linie, L\u00f8iten, Hot\u2019n\u2019 Sweet, Xant\u00e9, Blossa, Chill Out, Explorer, 1-Enkelt and Arsenitch. Accounting policy - Marketing related intangible assets Marketing related intangible assets are either arising from business combinations or purchased separately. Marketing related intangible assets that have been acquired in connection with business combinations are capitalised at fair value at the time of the business combination, while separately purchased marketing related intangible assets are capitalised at purchase price. Marketing related intangible assets with definite useful lives are amortised by the straight-line method over the expected useful life. The capitalised value of marketing related intangible assets with indefinite lifetime is tested for impairment at least once a year, or more often if there are indications that the value of the asset has decreased. The estimated useful lives of marketing related intangible assets are as follows: Trademarks with indefinite useful life not amortised Trademarks with definite useful life 10\u201350 years Company Brands with definite useful life 5 years Customer related intangible assets (Customer relations) Customer related intangible assets are arising from business combinations and are capitalised at fair value at the time of the business combination. Customer related intangible assets are amortised by the straight-line method over the expected useful life. The estimated useful lives of customer related intangible assets are as follows: Customer relations 7\u201315 years Accounting policy - Software and other intangible assets Other intangible assets include mainly software. Other intangible assets are recognised in the balance sheet at the original cost and amortised over their estimated useful lives. The costs related to other intangible assets are capitalised if it can be demonstrated that the asset will generate the future economic benefits, the entity controls the asset, and the purchase price can be measured reliably. Configuration and customisation costs relating to cloud computing arrangements that meet the definition of an intangible asset and comply with the capitalisation criteria are capitalised. Configuration and customisation costs for cloud computing arrangements that do not meet the definition of an intangible asset and that are not distinct from the actual cloud computing service are recognised as prepayments in the balance sheet and expensed over the contract period . The estimated useful lives of other intangible assets are as follows: IT-development and software 3\u201310 years Expenditure on research activities is recognised in profit or loss in the period in which it is incurred. The Group has no projects related to the development activities of new products or processes qualifying for the identifiability and other criteria regarding capitalisation under IAS 38. Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed Accounting policy - Property, plant and equipment Property, plant and equipment are measured at historical cost less accumulated depreciation and impairment losses. If parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items. All other expenditure, for example ordinary maintenance and repair costs, is recognised as an expense as incurred. Depreciation is recognised on a straight-line basis over the estimated useful lives of items of property, plant and equipment. Land is not depreciated. The estimated useful lives of property, plant and equipment are as follows: Buildings and structures 10\u201340 years Machinery and equipment 3\u201320 years Other tangible assets 3\u201310 years The estimated useful lives and residual values are reviewed at each financial year-end, and if they differ substantially from the previous estimates, the depreciation periods are adjusted accordingly. Impairment loss is recognised in profit or loss to the extent the assets carrying value exceeds its recoverable amount. Gains and losses on the disposals of property, plant and equipment are included in other operating income or expenses . Accounting policy - Leases Lease is a contract, or a part of a contract that conveys the right to use an asset for a period of time in exchange for consideration. A contract contains a lease if there is an identified asset, and the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. A right-of-use asset and a lease liability is recognised at lease commencement date to reflect Anora\u2019s right to use the underlying asset and the unpaid future lease payments respectively. The lease liability is measured by discounting the expected lease payments to the present value. Lease payments include fixed lease payments, expected payments related to residual value guarantees and the possible exercise price of the purchase option if the use of the option is reasonably certain. The lease period is the non-cancellable period of the lease. Any extension options are added to the lease period if it is reasonably certain that the Group will exercise such options. Lease payments are discounted at the internal rate of return of the lease if that rate can be readily determined. If an internal rate of return cannot be readily determined, the incremental borrowing rate is used as the discount rate. The criteria used to determine the discount rate includes the class of the underlying asset, geographical location, currency and the lessee\u2019s credit risk premium. The lease liability is remeasured and adjusted against the right-of-use asset if the cash flow in accordance with the original terms and conditions of lease change; for example, if the lease period changes or if the lease payments change based on a variable index or interest rate. Changes in the lease payments is reflected in the period when respective cash flows are affected. The lease liability is divided into current and non-current liability and is presented on a separate line on the balance sheet. Right-of-use assets are measured at acquisition cost based on the amount of the initial measurement of the lease liability less payments made at or before commencement date and lease incentives received, adding initial direct costs and adjusting by estimated dismantling or site restoration costs. Right-of-use assets are depreciated over the lease period or their useful lives, depending on which is shorter. The IFRS 16 Leases standard includes exemptions concerning leases of less than 12 months and low-value assets. Lease liabilities are not recognised for leases of less than 12 months and low-value assets. Anora considers assets with an acquisition cost of less than EUR 5,000 to be low value. Lease expenses related to leases included in the exemptions are recognised as other operating expenses. Some lease agreements for machines and equipment for the production and distribution activities at Gjeller\u00e5sen are subject to variable interest rates. These agreements run until 2027. Accounting policy - Inventories Inventories are measured at the lower of cost and net realisable value. Raw materials, supplies, work in progress and trading goods are measured at weighted average cost. Finished products, including both self-manufactured products and repacked trading goods, are measured at standard cost including cost of direct materials, direct labour and an appropriate proportion of variable and fixed overhead expenditure, representing approximation of actual cost under weighted average cost formula. The allocation of fixed costs is based on normal operating capacity. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. Trade and other receivables Trade receivables are carried at original invoiced amount less any allowance for expected credit losses. An allowance for expected credit losses is recognised immediately in profit and loss. Allowance for expected credit losses is recognised based on lifetime expected credit losses from trade receivables in accordance with IFRS 9. The expected credit loss model is forward looking and expected default rates are based on historical realised credit losses. The lifetime expected credit loss provision is calculated using aging of the accounts receivable and regional portfolios. Trade receivables are written off when there is no reasonable expectation of recovery for example the failure of a debtor to engage in a repayment plan with the Group. Trade receivables are derecognised from the balance sheet as soon as the receivable is sold, and the payment has been received. The Group derecognises the trade receivable as the contractual right to these cash flows expire and all the related substantial risks and rewards are transferred outside the Group at the time of sale. The costs related to the sold receivables are recognised in other finance expenses. The receivables are sold to the extent that the cost is competitive considering the short-term financing. These amounts represent liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. Trade and other payables are presented as current liabilities, unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method Accounting policy - Provisions A provision is recognised when the Group has a present legal or constructive obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle the obligation, and the amount of the obligation can be reliably estimated. The amount recognised as provision is the management\u2019s best estimate of the costs required to settle the existing obligation at the end of the reporting period. If part of the obligation may potentially be compensated by a third party, the compensation is recognised as a separate asset when it is virtually certain that the compensation will be received. A provision for restructuring costs is recognised only when general recognition criteria for provision are met and after management has prepared and approved a formal plan to which it is committed, and it has raised a valid expectation in those affected by the measures that it will carry out the restructuring by starting to implement that plan or announcing its main features. The costs included in a provision for restructuring are those costs that are either incremental or incurred as a direct result of the plan or are the result of a continuing contractual obligation with no continuing economic benefit to Anora or a penalty incurred to cancel the contractual obligation. According to IFRS 9 the classification is business model driven and there are three classes: fair value through profit and loss, amortised cost and fair value through other comprehensive income. Classification is made upon initial recognition based on the purpose of use of the asset. The basis of classification is reassessed at each reporting date. All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset . The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months Impairment of financial assets The impairment model requires the recognition of impairment based on expected credit losses. The allowance for credit losses is recognised based on lifetime expected credit losses from trade receivables and contract assets. More information on the allowance for credit losses on trade receivables can be found in Note 2.5. Trade and other receivables. The impairment model does not apply to financial assets measured at fair value since those are measured at fair value which already takes into account expected credit losses . Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Amortised cost Loans and receivables arise when money, goods or services are delivered to a debtor, and they are included in current or non-current financial assets in accordance with their maturity. The assets in this category are held according to a business model of which objective is to collect contractual cash flows. In Anora, non-current receivables include loan receivables and other receivables with the maturity of over one year. Current receivables include trade receivables as well as cash and cash equivalents presented under current financial assets. Receivables are measured at amortised cost when the related payments are fixed or determinable and the instruments are not quoted in financial markets. Fair value through other comprehensive income The assets measured at fair value through other comprehensive income consist of unquoted shares, that are not held for trading purposes and at initial recognition, the Group has made a final choice that they belong to this category. The changes in fair values are recognised in other comprehensive income. 3.2.2 FINANCIAL LIABILITIES Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. Group overdrafts in use are included in current borrowings. In addition, Anora has a revolving credit facility, and the related fee is amortised on a straight-line basis in other finance expenses during the term of the facility. The exchange rate differences of intra- group foreign currency denominated loans are presented within financial items in the foreign exchange differences of the category financial liabilities at amortised cost. The fair values of loans from financial institutions and commercial paper loans are determined based on future cash flows discounted with market interest rate at the reporting date adjusted with Anora\u2019s credit risk premium. At the reporting date, the carrying amounts of the loans are not materially different from their fair values. Derivative instruments Derivatives are included in financial assets and liabilities at fair value through profit or loss when they do not meet the criteria of hedge accounting pursuant to IFRS 9. These derivatives are recognised at fair value on the trade date, and they are subsequently measured at fair value at the reporting date. Derivative instruments and hedge accounting are described in Note 3.3. The fair values of derivatives equal the amount that the Group would have to pay, or it would receive from the termination of the derivative contract at the reporting date. The fair values of forward exchange contracts are determined by using the market prices at the reporting date. The fair values of interest rate derivatives are determined by discounting the related future cash flows. The valuation of commodity derivatives is determined based on the fair values received from the financial markets . When hedge accounting is applied In Anora, cash flow hedging is applied to part of the interest rate, foreign currency and electricity derivatives based on case-by-case assessment. In cash flow hedging, the Group is hedging against changes in cash flows related to a specific asset or liability recognised in the balance sheet or to a highly probable future business transaction. Hedge accounting is a method of accounting with the purpose to allocate one or several hedging instruments so that their fair value changes offset in full or partly the changes in fair value or cash flow arising from the hedged risk in profit or loss during the period, for which the hedge is designated. In the beginning of the hedging arrangement, Anora documents the relationship between each hedging instrument and hedged item, as well as the objectives of risk management and the strategy in engaging in hedging. IFRS 9 requires that the effectiveness of hedging instruments is tested prospectively. Effectiveness means the ability of a hedging instrument to offset the changes in the fair value of the hedged item or changes in the cash flows of the hedged transaction attributable to the hedged risk. Under IFRS 9 the hedging relationship is regarded to be highly effective when there is an economic relationship between the hedged item and the hedging instrument. Hedging ratio is defined as a relationship between the quantity of the hedging instrument and the quantity of the hedged item. Hedge accounting is discontinued when the criteria for hedge accounting is no longer met. The unrealised gains and losses arising from fair value changes of derivative contracts to which hedge accounting is applied, are presented in hedge reserve. Forward points are included to hedging relationship. The effective portion of the unrealised changes in the fair value of derivatives designated and qualifying as cash flow hedges are recognised in other comprehensive income and presented in the hedge reserve in equity. The ineffective portion is immediately recognised in finance income or expenses in profit or loss. The cumulative gain or loss in equity on derivative instruments related to commercial items is recognised in profit or loss as an adjustment to purchases or sales simultaneously with the hedged item in the period in which the hedged item affects profit or loss. Realised gain or loss on electricity derivatives is included in operating result in electricity procurement expenses. When a hedging instrument designated as a cash flow hedge no longer meets the criteria of hedge accounting, the gain or loss accumulated in equity is recognised through finance income or expenses When hedge accounting is not applied The accounting for gains and losses arising from fair value measurement is dependent on the purpose of use of the derivative. In Anora, the changes in the fair values of derivative instruments are immediately recognised in profit or loss in finance income or expense if the derivative in question is related to hedging of commercial cash flows (purchases and sales) and hedge accounting is not applied. The fair value changes of other derivative instruments are immediately recognised in profit or loss in finance income or expense items if hedge accounting is not applied. Derivatives, to which hedge accounting is not applied, are acquired to minimise the profit and/or cash flow effects related to business operations or financing . Consolidation Consolidation, consolidation method and classification of ownership interests depends on whether the Group has power to control or jointly control the entity or have significant influence or other interests in the entity. When the Group has power to control the entity, it is consolidated as a subsidiary. Power to control an entity is normally achieved when shareholding is above 50%. When the Group has joint control or significant influence over an entity but does not have power to control, entity is accounted for by using the principles described under Associated companies\u2019 section. Significant influence is normally achieved when the Group has between 20% - 50% shareholding. If the Group does not have power to control nor significant influence in the entity, its ownership interests are classified as financial assets at fair value through other comprehensive income and accounted for according to principles described in Note 3.2.1. This normally happens when the Group\u2019s ownership is below 20%. Subsidiaries consolidation principles Consolidated financial statements of Anora include the parent company, Anora Group Plc, and all subsidiaries. Subsidiaries are all those in which the parent company exercises control. The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee, and could affect those returns through its power over the investee. The financial statements of acquired subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. All business combinations are accounted for by using the acquisition method. The consideration transferred and the identifiable assets acquired, and liabilities assumed in the acquired company are measured at fair value at the acquisition date. The aggregate amount of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, exceeding the fair value of the net assets acquired is recorded as goodwill. All acquisition-related costs, with the exception of costs to issue debt or equity securities, are expensed. The consideration transferred does not include any transactions accounted for separately from the acquisition. Any contingent consideration is recognised at fair value at the acquisition date, and it is classified as either liability or equity. Contingent consideration classified as a liability is measured at fair value at each reporting date and any resulting gain or loss is recognised in profit or loss. Intra-group transactions, receivables, liabilities and unrealised gains, as well as the distribution of profits within the Group are eliminated in preparing the consolidated financial statements. Unrealised losses are not eliminated if the loss in question results from impairment. Non-controlling interests Non-controlling interests\u2019 share of profit after tax is shown on a separate line after Group\u2019s result for the period. Non-controlling interests\u2019 share of equity is shown on a separate line as part of the Group\u2019s total equity. In some subsidiaries with non-controlling interests, the non-controlling shareholder(s) have a put option related to the non-controlling interest, where the Group does not have control of the non-controlling interests before the options are exercised, nor does it have control of whether the options will be exercised, or when this exercise may take place. The value of such options is recognised as liability at fair value through profit and loss in the balance sheet and reduces the non-controlling share of equity. This means that the non-controlling interests presented in the income statement and in the equity show only values where the minority does not have put options related to the minority shares. The Group treats transactions with non- controlling interests that do not result in a loss of control as equity transactions . Associated companies Associated companies are all entities where the Group has joint control or significant influence over an entity but does not have power to control the entity. Normally this is when the Group accompanies a shareholding of over 20% of voting rights or otherwise has significant influence, but not control. Associated companies are consolidated by using the equity method. Under the equity method, the investment is initially recognised at cost and subsequently adjusted with the change in the net assets of the investee after the acquisition date, consistent with the ownership interest of the Group. After the acquisition the Group\u2019s share in the associated company\u2019s profit and loss for the period is separately disclosed in the Group\u2019s income statement, presented after operating result. If the Group\u2019s share in the associated company\u2019s loss exceeds the carrying amount of the investment, the investment is recognised at zero value in the consolidated balance sheet and the loss exceeding the carrying amount is not consolidated, unless the Group has committed to fulfil the company\u2019s obligations. The carrying amount of equity- accounted investments includes goodwill arisen on acquisition, when applicable. The Group\u2019s share in changes in the associated company\u2019s other comprehensive income is recognised in consolidated other comprehensive income (OCI). The result of the transactions between the Group and its associates are recognised only to the extent of attributable to external owners. When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. Financial statements of associated companies have been changed when necessary to correspond with the accounting policies adopted by the Group. If financial statements for the period are not available, the share of the profit is included in the consolidated financial statements based on the preliminary financial statements or latest available information. Joint arrangements A joint arrangement is an arrangement of which two or more parties have contractually agreed joint control which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint arrangement is either a joint operation or a joint venture . Foreign currency items All transactions in foreign currency are converted to functional currency at the time of the transaction. Monetary items in foreign currency are converted on the balance sheet date into functional currency by using the exchange rate on the balance sheet date. The consolidated financial statements are presented in euro, which is the functional currency of the parent company. The functional currency in the subsidiaries is the currency in which the subsidiary reports its legal statutory accounts, and the Group has subsidiaries with functional currencies EUR, SEK, NOK and DKK. When consolidating subsidiaries that have a functional currency other than euro, profit and loss items are converted to the Group\u2019s presentation currency at year-to-date average exchange rates published by the European Central Bank. For balance sheet items reported in other currencies than euro, including goodwill and other assets assumed when accounting for business combinations, the conversion to euro is based on closing rate on the reporting date. Exchange rates used for translation of reported figures in foreign functional currencies during 2024 are : Translation differences arising from elimination of the cost of foreign subsidiaries and from translation of the foreign subsidiaries\u2019 post- acquisition profits and losses are recognised in other comprehensive income and presented as a separate item within equity. Goodwill and the fair value adjustments to the carrying amounts of assets and liabilities of foreign subsidiaries are accounted for as assets and liabilities of the respective foreign subsidiary, which are translated to euro using the closing rate at the reporting date. If these foreign units are entirely or partly disposed, related exchange rate differences are recognised in profit or loss as part of the gain or loss on disposal. Accounting policy - Income tax expense The Group\u2019s income tax expense recognised through profit or loss comprises current tax based on taxable income for the period, any adjustments to tax payable in respect of previous periods, and changes in deferred taxes. Current income tax based on taxable income is calculated according to the local tax regulations of each Group company. Tax effects related to transactions or other events recognised in profit or loss are recognised in profit or loss. If the taxes relate to items of other comprehensive income or transactions or other events recognised directly in equity, income tax expense is recognised within the respective items. The Group\u2019s share of profit or loss in associated companies and joint ventures is reported as calculated from the net profit and thus including the income tax effect. Deferred tax assets and liabilities are principally recognised for all temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The most significant temporary differences arise from intangible assets, property, plant and equipment, right-of-use assets and corresponding lease liabilities, carry forward of unused tax losses and fair value allocations on business combinations. Deferred tax on assets and liabilities arising from single transactions are presented in a net basis in the income statement and in the balance sheet but are shown with gross values in the deferred tax notes. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax liabilities are recognised in full. Deferred taxes are calculated using tax rates enacted or substantively enacted at the end of the reporting period. Deferred tax is recognised for foreign subsidiaries undistributed earnings only when related tax effects are probable. Deferred tax assets and liabilities are set off when they are levied by same taxing authority and Anora has legally enforceable right to set off the balances. The legislation implementing the OECD Pillar Two model rules came into effect from January 1, 2024 onwards. Anora applies the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023. The Pillar Two legislation does not have a material impact on Anora\u2019s income taxes. Accounting policy - Emission allowances The Group participates in the European Union emission trading scheme, where it has been granted a certain number of carbon dioxide emission allowances for a certain period of time, free of charge. Anora Group Plc discloses its carbon dioxide emission allowances granted free of charge on net basis. The emission allowances granted free are recognised on zero-value. If the Group has sufficient amount of allowances to cover the obligation to deliver allowances corresponding to the amount of emissions made, the obligation is recognised as corresponding value of emissions (zero value). The Group does not recognise income or expenses arising from emission allowances through profit or loss when the emission allowances granted are sufficient to cover the obligation to deliver allowances corresponding to the amount of emissions made. If the realised emissions exceed the granted emission allowances, the obligation arising from the excess emissions is recognised at fair value as a liability in the balance sheet at the reporting date. If the realised emissions fall below the granted emission allowances, the difference is not recognised in the balance sheet, but it is disclosed in the notes to the financial statements, measured at fair value Accounting policy \u2013 Share based payments The granted shares are measured at fair value at the grant date and are recognised as personnel expenses over the vesting period with corresponding increase in equity. Non-market conditions are not included in fair value of share-based instruments but in the number of instruments that are expected to vest. At each reporting period closing date, the estimates about number of instruments are revised and the impact is recognised in income statement. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-404": {
"value": "a leading wine and spirits brand house in the Nordic region",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-405": {
"value": "Anora Group Plc",
"dimensions": {
"concept": "ifrs-full:NameOfUltimateParentOfGroup",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-406": {
"value": "Helsinki",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-407": {
"value": "Anora Group Plc",
"dimensions": {
"concept": "ifrs-full:NameOfParentEntity",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-408": {
"value": "publicly listed company",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-409": {
"value": "Helsinki",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-410": {
"value": "Finland",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-411": {
"value": "Kaapeliaukio 1, FI-00180 Helsinki, Finland",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-412": {
"value": "Anora Group Plc\u2019s Board of Directors has approved these financial statements for publication in its meeting on 18 March 2025. According to the Finnish Limited Liability Companies Act, shareholders have the right to approve or reject the financial statements in the Annual General Meeting held after the publication of the financial statements. The Annual General Meeting also has the right to make a decision to amend the financial statements",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-413": {
"value": "Basis of preparation
The consolidated financial statements for the
year ended 31 December 2024 are prepared in
accordance with IFRS Accounting Standards
complying with the SIC and IFRIC interpretations in
force and approved by EU on 31 December 2024.
Notes to the consolidated financial statements
also comply with the requirements of the Finnish
Accounting Act and Limited Liability Companies Act.
The consolidated financial statements for the year
ended 31 December 2024 have been prepared on a
historical cost basis, except for equity investments,
derivatives and put options for the purchase of
non-controlling interests. The consolidated financial
statements are presented in millions of euros. The
figures are rounded to the nearest million with one
decimal, and therefore the sum of individual figures
may deviate from the total presented.
From 1 January 2024, IASB\u2019s amendment on IAS 1 regarding Classification of Liabilities as Current or Non-current and Non-current liabilities with covenants became effective. This amendment provides specific guidance on the classification of liabilities as current or non-current, particularly related to the timing of rights to defer settlement, and requires some additional disclosures related to the loans with covenants. Amendment is to be applied retrospectively in accordance with IAS 8 for annual reporting periods beginning on or after 1 January 2024. For Anora Group, this amendment has been applied for the first time for its annual reporting period commencing 1 January 2024. The amendment did not have any impact on the amounts recognised in prior periods and is not expected to significantly affect the current or future periods. There were no other changes in accounting standards or other accounting requirements which became effective from 1 January 2024 that have had material impact for Anora Group. Anora adopts the following new and amended standards and interpretations as of the effective date: IFRS 18: Presentation and Disclosure in Financial Statements, which is effective for annual periods beginning on or after 1 January 2027, will replace IAS 1: Presentation of Financial Statements. This new standard aims to enhance the comparability of financial performance among similar entities and provide users with more relevant information and increased transparency. IFRS 18 introduces a defined structure for the statement of profit or loss,
reclassifying items of income and expenses into
five new categories in the statement of profit or
loss: Operating, Investing, Financing, Income taxes
and Discontinued operations. While IFRS 18 does not
affect the recognition or measurement of items in
the financial statements, its impact on presentation
and disclosure is expected to be significant,
particularly concerning the statement of financial
performance and the inclusion of management-
defined performance measures.
Management is currently evaluating the detailed
implications of implementing the new standard on
the consolidated financial statements. The high-level
preliminary assessment has identified the following
potential impacts:
\u2014 Reclassifying items of income and expenses into
the new categories in the statement of profit or
loss can have some impact on the calculation
and reporting of operating profit. This is primarily
due to the specific requirements for categorising
derivative gains or losses under IFRS 18
\u2014 The line items presented in the primary
financial statements may change due to
the implementation of the \u2018useful structured
summary\u2019 concept and enhanced aggregation
and disaggregation principles
\u2014 The information disclosed in the notes is not
expected to change significantly since the
requirement to disclose material information
remains the same. However, the way
information is grouped might change due to
the new aggregation/disaggregation principles
Furthermore, there will be new disclosures
required for:
\u2014 Management-defined performance measures,
and
\u2014 reconciliation for each line item in the
statement of profit or loss for the first annual
period applying IFRS 18, comparing the restated
amounts to those previously presented under
IAS 1
\u2014 From a cash flow statement perspective, there
will be changes in how interest received and paid
are presented. Interest paid will be classified as
financing cash flows, and interest received as
investing cash flows, contrasting with the current
presentation of both as part of operating cash
flows
The Group will adopt the new standard from
its mandatory effective date of 1 January
2027. Retrospective application is required, so
comparative information for the financial year
ending 31 December 2026 will be restated following
IFRS 18.
Amendments to IFRS 9 and IFRS 7 regarding
the Classification and Measurement of Financial
Instruments will be effective for annual periods
beginning on or after 1 January 2026. These
amendments are providing some further
guidance and clarifications in addition to new
disclosure requirements for certain instruments
with contractual terms, such as features linked to
sustainability targets, that can change cashflows.
The Group does not expect these amendments to
have a material impact on its operations or financial
statements.
There are no other amendments to standards and
IFRIC interpretations effective on or after January 1,
2025, that are expected to have any material impact
on the Group .
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-414": {
"value": "Basis of preparation The consolidated financial statements for the year ended 31 December 2024 are prepared in accordance with IFRS Accounting Standards complying with the SIC and IFRIC interpretations in force and approved by EU on 31 December 2024. Notes to the consolidated financial statements also comply with the requirements of the Finnish Accounting Act and Limited Liability Companies Act. The consolidated financial statements for the year ended 31 December 2024 have been prepared on a historical cost basis, except for equity investments, derivatives and put options for the purchase of non-controlling interests. The consolidated financial statements are presented in millions of euros. The figures are rounded to the nearest million with one decimal, and therefore the sum of individual figures may deviate from the total presented. From 1 January 2024, IASB\u2019s amendment on IAS 1 regarding Classification of Liabilities as Current or Non-current and Non-current liabilities with covenants became effective. This amendment provides specific guidance on the classification of liabilities as current or non-current, particularly related to the timing of rights to defer settlement, and requires some additional disclosures related to the loans with covenants. Amendment is to be applied retrospectively in accordance with IAS 8 for annual reporting periods beginning on or after 1 January 2024. For Anora Group, this amendment has been applied for the first time for its annual reporting period commencing 1 January 2024. The amendment did not have any impact on the amounts recognised in prior periods and is not expected to significantly affect the current or future periods. There were no other changes in accounting standards or other accounting requirements which became effective from 1 January 2024 that have had material impact for Anora Group. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-415": {
"value": "The consolidated financial statements for the year ended 31 December 2024 are prepared in accordance with IFRS Accounting Standards complying with the SIC and IFRIC interpretations in force and approved by EU on 31 December 2024. ",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-416": {
"value": "Accounting policies requiring management judgement and key sources of estimation uncertainty The preparation of financial statements requires management to make accounting estimates which may include use of judgement in the application of the accounting standards. Estimates and related assumptions made in the preparation of the financial statements, are based on the management\u2019s best knowledge at the reporting date. The realised results can differ from the estimates, and any changes in estimates and assumptions are recognised when estimates and assumptions are corrected. Material accounting policies and critical accounting estimates and judgements made are described in each note as follows; \u2014 Revenue recognition - Note 1.2 \u2014 Intangible assets - Note 2.1 \u2014 Property, plant and equipment \u2013 Note 2.2 \u2014 Right-of-use assets \u2013 Note 2.3 \u2014 Inventories \u2013 Note 2.4 \u2014 Financial assets and liabilities \u2013 Note 3.2 \u2014 Recoverability of investments in associates \u2013 Note 5.2 \u2014 Changes in Group structure \u2013 Note 5.2 Critical estimates and management judgement - Revenue recognition Anora provides volume-based rebates, bonuses and other discounts to their customers in open markets and on-trade customers in the monopoly markets. These classify as variable considerations within contracts with customers. The Group estimates consideration to which it will be entitled in exchange for transferring goods to the customers, including amounts that are variable. The variable consideration is estimated at a contract inception based on expected sales volumes using historical and year-to-date sales data and other information about trading with individual customers or groups of customers. The Group estimates discounts, rebates and bonuses using the most likely amount method . Contracts assets and liabilities Contract assets represent the amount which Anora has right to receive goods expected to be returned to inventory with respect to return clauses in the contracts. Contract assets are measured at the former carrying amount of the inventory less any expected costs to recover the goods and less any impairment losses. Contract liabilities represent the amount received or receivable that is expected to be returned as a refund liability. These contracts assets or liabilities are very limited in the Group and are included in other receivables or other payables in the Group\u2019s balance sheet. Critical estimates and management judgements \u2013 Intangible assets Management judgment and estimates are applied in estimating useful lives for marketing related intangible assets, customer related intangible assets, software and other intangible assets. On initial recognition of marketing related intangible assets, an assessment is made on whether the asset is expected to have definite useful lives or not. In this assessment, the Group gives particular weight to Group\u2019s expected use of the asset, the customary life cycles for the assets of this type, the stability of the sector and the business, and the probability that the Group will succeed in maintaining the asset\u2019s financial lifetime, given the Group\u2019s ability to maintain value. The Group also devotes resources to legal control of these assets in large and important markets. If impairment tests show declining curves over time, the trademark may be written down to higher of estimated value in use and fair value less costs to sell and a new assessment of the trademark\u2019s estimated useful live is performed. If it is estimated after a new assessment that the useful life is no longer indefinite, the trademark is redefined to have a definite useful life, whereby a straight-line amortisation method is applied for the remaining book value over the remaining useful life. Critical estimates and management judgements \u2013 Impairment testing The preparation of calculations for the impairment testing requires estimates regarding the future. The management\u2019s estimates and related critical uncertainties are related to the components of the recoverable amount calculation, and key assumptions are discount rate (WACC), future cash flows (including estimates for future revenues, gross profit, EBITDA, capex), growth rates both during forecast period and for terminal value. The WACC reflects current assessments of the time value of money and relevant market risk premiums reflecting risks and uncertainties for which the future cash flow estimates have not been adjusted. Critical estimates and management judgements \u2013 Property, plant and equipment Estimation of useful life is the most critical estimate related to property, plant and equipment. There were no significant changes in useful lives of the existing assets during 2024 Critical estimates and management judgements \u2013 Right-of-use assets The most critical management judgements are related to determination of discount rates and use of any possible extension options related to the lease contracts. Lease agreements include the agreement concluded with Destilleriveien 11 AS on the lease of production, distribution, and administration buildings at Gjeller\u00e5sen for an irrevocable period of 25 years as from 1 January 2012. The annual rent under this agreement has been about EUR 8.5 million during 2024. The lease agreement of the premises at Gjeller\u00e5sen also include an option to extend the lease by 10 years after the initial 25 years. This option is currently considered not to be exercised and, therefore, it is not included in the calculation of right-of- use asset and lease liability at end of 2024 and 2023. Significant impairments were recorded regarding the right-of -use assets from this lease agreement in 2023. For details of the 2023 impairment of right-of-use assets, see chapter 2.2 regarding impairment of property, plant and equipment. Lease agreements also include the agreement concluded with Destilleri ApS on the lease of areas for a micro-distillery on the premises in Aalborg, Denmark where the Aalborg aquavit and Gammel Dansk Brands were historically produced. The agreement is irrevocable until October 2031, whereafter the agreement can be cancelled by Anora with 12 months\u2019 notice. The agreement is on the other hand non-cancellable by the landlord for another 18 years after October 2031. This date of cancellation by the landlord is estimated to be the end date of the lease which was used in calculating the Right-Of-Use asset and Lease liability at end of 2024 and 2023. Critical estimates and management judgements \u2013 Inventories Management judgment and estimates are applied in defining normal operating capacity, net realisable value (NRV) and inventory obsolescence analysis, all of which include estimates on future demand of the finished productsThe Group experienced idle capacity in
its production facilities in Gjeller\u00e5sen after
production volume was moved from this
production facility in Norway to other production
facilities in Finland and Denmark in 2023 as part
of the centre of excellence program. This resulted
in under-absorption of fixed manufacturing
overheads. As per IAS 2, \u2018Inventories,\u2019 the fixed
production overheads allocated to the cost of
conversion are based on the normal capacity
of the production facilities. Consequently, the
unabsorbed overheads have been expensed in
the period incurred and their effect on the cost of
goods sold is immaterial.
Provisions for slow-moving raw materials and
finished products have been increased to account
for the longer turnover periods and potential
obsolescence risk. Adjustments were also made to
standard costs and obsolete provisions to reflect
changes in the valuation of certain inventory items
resulting in additional inventory impairments
amounting to EUR 3.8 million, of which EUR 2.0 million
relates to Industrial segment and EUR 1.8 million to
Wine segment.
The value of old aged aquavit was reduced by EUR
1.7 million due to lack of demand and management
decision to discontinue development of old aged
aquavit products. This reduction, impacting the
Industrial segment, aligned the carrying amount
with the current estimated recoverable amount. The
old aged aquavit is not scrapped, but to be blended
into younger blends, which due to current large
quantities of old aged aquavit stock will take several
years.
Critical estimates and management judgements - Associated companies Management judgment and estimates are applied in assessing the recoverability of investments in associates. The carrying amount of equity-accounted investments, including possible goodwill, are assessed for impairment when objective evidence indicates that the net investment may be impaired. The impairment, when applicable, is recognised in share of results in associated companies . Critical accounting estimate and management
judgement regarding sale of Larsen Cognac
business was related to the amount of goodwill
derecoignised. The derecognised goodwill
was determined as the part of the goodwill
recorded from the historic purchase of Larsen
that was allocated to Spirits business in 2022
(EUR 2.8 million). Management consider that
the described method better reflects goodwill
associated with the operations disposed
compared to the method on the basis of relative
values of the operation disposed of and the
portion of the cash-generating unit retained.
Critical estimates and management judgements \u2013 Deferred tax assets Judgment is required in assessing whether deferred tax assets are recognised on the balance sheet. Deferred tax assets are recognised only where it is considered more likely than not that they will be recovered, which is dependent on the generation of sufficient future taxable profits. Assumptions about the generation of future taxable profits depend on management\u2019s estimates of future cash flows. These future cash flow estimates depend on estimates of future sales volumes, price levels of main raw materials, capital expenditure and other components affecting profitability of the operations. These estimates and assumptions are subject to risk and uncertainty hence it is possible that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets recognised on the balance sheet and the amount of any other tax losses and temporary differences not yet recognised. Anora\u2019s ability to generate taxable profit is also subject to general economic, financial, competitive, legislative and regulatory factors that are beyond its control. If Anora generates lower future taxable profits than what management has assumed in determining the amounts of the recognised deferred tax assets, the assets would be impaired, either partly or in full. Accordingly, amounts recognised in balance sheet could potentially be reversed through profit and loss. Changes in circumstances may also result in recognition of deferred tax assets for tax losses that previously have not been recognised as an asset . ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-417": {
"value": "Changes in presentation and accounting note reclassifications Where necessary, comparative information has been reclassified to achieve consistency in disclosure with current financial year amounts. The presentation of impairment losses was reclassified to a separate line in the consolidated income statement for 2023. ",
"dimensions": {
"concept": "ifrs-full:ExplanationOfAdjustmentsThatWouldBeNecessaryToAchieveFairPresentation",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-418": {
"value": "Changes in presentation and accounting note reclassifications Where necessary, comparative information has been reclassified to achieve consistency in disclosure with current financial year amounts. The presentation of impairment losses was reclassified to a separate line in the consolidated income statement for 2023. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-419": {
"value": "1 Operating result
1.1 Segment information
Description of segments and principal activities
The reportable segments of Anora in these
consolidated financial statements consist of Wine,
Spirits, and Industrial.
The Board of Directors of Anora is determined as
the Group\u2019s Chief Operative Decision Maker (CODM)
being responsible for allocating resources, deciding on
strategy and assessing performance of the operating
segments. The reportable segments are based on
Anora\u2019s operating structure and internal reporting to
the CODM and used to assess the performance of the
segments.
The Board of Directors uses alternative performance
measures alongside the IFRS financial statements
indicators in the Group\u2019s results reporting. The Board of
Directors assesses the segments\u2019 performances based
on internal measures of gross profit and comparable
EBITDA derived as follows:
\u2014 Net sales, other operating income, and direct
materials and services including change in
inventories reported within the Gross Profit
\u2014 Results reporting to management corresponds
to the accounting policies of the consolidated
financial statements apart from Items affecting
comparability (IAC)
\u2014 In reporting to Board of Directors the Groups\u2019 and
segments\u2019 Comparable EBITDA and Group\u2019s total
EBIT are adjusted with IACs. IACs comprise of
material items outside normal business, such as net
gains or losses from business and assets disposals,
impairment losses, cost for closure of business
operations and restructurings, major corporate
projects including direct transaction costs related
to business combinations and the merger, merger
related integration costs, expenses arising from
the fair valuation of inventories in connection with
merger, voluntary pension plan change, and costs
related to other corporate development
\u2014 Expenses allocated to the segments related to
shared function costs or business support services,
comprise costs such as centralised marketing
costs, IT infrastructure related costs, shared support
services, headquarter costs including finance and
treasury, legal and human resource related costs
as well as certain warehousing and service fees. For
internal reporting purposes these cost allocations
are based on budgeted amounts and variances
from budgeted amounts are presented under
column \u201cGroup and allocations\u201d, and this can result
in either incurred overruns or savings compared to
budgeted amounts
\u2014 The Group and allocations column also includes
unallocated headquarter costs
The reportable segments comprise the following:
Wine
The Wine segment develops, markets and sells
Anora\u2019s own wine brands as well as partner wines to
its customers in the Nordic markets. Wine segment
in Denmark also includes contract manufacturing
services and logistics services on behalf of other Group
companies.
Spirits
The Spirits segment develops, markets and sells
Anora\u2019s own spirits brands and partner brands to its
customers in Finland, Sweden, Norway and the Baltic
countries, Denmark and Germany. The Spirits segment
also includes global duty free and travel retail and
exports to markets not listed above.
Industrial
The Industrial segment comprises Anora\u2019s industrial
business \u2013 industrial products and contract
manufacturing (mainly for the Spirits business but also
to some extent for the Wine business), the logistics
company Vectura and supply chain operations.
Industrial segment includes production and/or
logistics facilities in main locations Koskenkorva and
Rajam\u00e4ki in Finland, Gjeller\u00e5sen in Norway, Sundsvall in
Sweden and Tabasalu in Estonia. In addition, there is a
small aquavit distillery in Atlungstad in Norway.
Segment net sales and results
All intra-group business transactions are made based
on arm\u2019s length principles. The following tables set out
the segment net sales and Comparable EBITDA as well
as the reconciliation of the Comparable EBITDA to the
Group\u2019s operating result .
1 Jan\u201331 Dec 2024 EUR million Wine Spirits Industrial Group and allocations Eliminations Group Net sales external 323.0 227.0 142.0 0.0 0.0 692.0 Net sales internal 0.0 0.0 92.0 0.0 -92.0 0.0 Total Net sales 323.0 227.0 234.0 0.0 -92.0 692.0 Other operating revenues external 0.6 0.2 7.3 0.4 0.0 8.5 Other operating revenues internal 0.0 0.0 14.2 30.5 -44.7 0.0 Total other operating revenues 0.6 0.2 21.6 30.9 -44.7 8.5 Materials and services -228.6 -125.6 -144.9 -0.0 92.0 -407.1 Gross Profit 94.9 101.7 110.7 30.9 -44.7 293.4 Employee benefits and other operating expenses -75.7 -63.8 -98.6 -38.8 44.7 -232.1 EBITDA 19.2 37.9 12.1 -7.9 0.0 61.3 Items affecting comparability 1 2.9 0.1 2.6 2.0 0.0 7.6 Comparable EBITDA 22.1 38.0 14.7 -5.9 0.0 68.9 EBITDA 61.3 Depreciation, amortisation and impairment -26.8 Operating profit 34.5 1 More information on the additional inventory impairments is presented in Note 2.4 1 Jan\u201331 Dec 2023 EUR million Wine Spirits Industrial Group and allocations Eliminations Group Net sales external 334.3 237.0 155.1 0.0 0.0 726.5 Net sales internal 0.0 0.0 114.3 0.0 -114.3 0.0 Total Net sales 334.3 237.0 269.5 0.0 -114.3 726.5 Other operating revenues external 0.0 0.0 8.0 12.3 0.0 20.3 Other operating revenues internal 0.0 0.0 15.6 26.1 -41.8 0.0 Total other operating revenues 0.0 0.0 23.6 38.4 -41.8 20.3 Materials and services -244.4 -137.3 -174.0 0.0 114.3 -441.4 Gross Profit 89.9 99.7 119.0 38.4 -41.8 305.4 Employee benefits and other operating expenses -82.6 -60.3 -104.0 -32.8 41.8 -237.9 EBITDA 7.3 39.5 15.1 5.6 0.0 67.5 Items affecting comparability 1 5.0 0.8 2.4 -7.5 0.0 0.7 Comparable EBITDA 12.4 40.3 17.5 -1.9 0.0 68.2 EBITDA 67.5 Depreciation, amortisation and impairment -98.8 Operating profit -31.3 1 Gains on sale of business operations, property, plant and equipment and intangible assets are presented in Note 1.3 and 5.2, employee costs related to restructuring in Note 1.5 Other entity-wide disclosures
Net sales by geography
Net sales broken down by the segment and country
for the years ended 31 December 2024 and 2023
were as follows:
EUR million 2024 % 2023 %
Wine
Finland 54.5 16.9% 48.6 14.5%
Sweden 113.7 35.2% 115.9 34.7%
Norway 74.3 23.0% 78.4 23.5%
Denmark 77.5 24.0% 86.8 26.0%
Other countries 3.0 0.9% 4.6 1.4%
Wine Total 323.0 100.0% 334.3 100.0%
Spirits
Finland 58.2 25.7% 62.4 26.3%
Sweden 54.4 24.0% 52.6 22.2%
Norway 50.3 22.1% 56.3 23.8%
Denmark 19.4 8.5% 20.0 8.4%
Other countries 44.7 19.7% 45.7 19.3%
Spirits Total 227.0 100.0% 237.0 100.0%
Industrial
Finland 106.4 75.0% 120.7 77.8%
Norway 27.1 19.1% 27.0 17.4%
Other countries 8.5 6.0% 7.4 4.8%
Industrial Total 142.0 100.0% 155.1 100.0%
TOTAL 692.0 726.5
Significant customer relationships
The Group has significant customer relationships
with Alko in Finland, with Vinmonopolet in Norway
and Systembolaget in Sweden, related to sales from
the Wine and Spirits segments. The total net sales
to Alko were approximately EUR 85.8 million (2023:
EUR 91.6 million). The total net sales to Vinmonopolet
were EUR 101.1 million (2023: EUR 107.4 million). The
total net sales to Systembolaget were around EUR
140.4 million (2023: EUR 140.8 million). In Industrial
segment net sales of EUR 43.3 million (2023: EUR
43.9 million) were derived from a single external
customer. No other single external customer
represented 10 per cent or more of Anora\u2019s total net
sales for the years ended 31 December 2024 or 2023.
Non-current assets by geography
The total of non-current assets other than financial
instruments and deferred tax assets broken down
by the location of the assets as at 31 December 2024
and 2023 were as follows:
EUR million 2024 2023
1
Finland 104.7 104.0
Sweden 38.5 43.1
Norway 323.3 340.0
Estonia 2.1 2.0
Latvia 0.5 0.6
Denmark 149.8 155.5
Other countries 8.2 8.2
TOTAL 627.1 653.5
1
Restated
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-420": {
"value": "1 Operating result 1.1 Segment information Description of segments and principal activities The reportable segments of Anora in these consolidated financial statements consist of Wine, Spirits, and Industrial. The Board of Directors of Anora is determined as the Group\u2019s Chief Operative Decision Maker (CODM) being responsible for allocating resources, deciding on strategy and assessing performance of the operating segments. The reportable segments are based on Anora\u2019s operating structure and internal reporting to the CODM and used to assess the performance of the segments. The Board of Directors uses alternative performance measures alongside the IFRS financial statements indicators in the Group\u2019s results reporting. The Board of Directors assesses the segments\u2019 performances based on internal measures of gross profit and comparable EBITDA derived as follows: \u2014 Net sales, other operating income, and direct materials and services including change in inventories reported within the Gross Profit \u2014 Results reporting to management corresponds to the accounting policies of the consolidated financial statements apart from Items affecting comparability (IAC) \u2014 In reporting to Board of Directors the Groups\u2019 and segments\u2019 Comparable EBITDA and Group\u2019s total EBIT are adjusted with IACs. IACs comprise of material items outside normal business, such as net gains or losses from business and assets disposals, impairment losses, cost for closure of business operations and restructurings, major corporate projects including direct transaction costs related to business combinations and the merger, merger related integration costs, expenses arising from the fair valuation of inventories in connection with merger, voluntary pension plan change, and costs related to other corporate development \u2014 Expenses allocated to the segments related to shared function costs or business support services, comprise costs such as centralised marketing costs, IT infrastructure related costs, shared support services, headquarter costs including finance and treasury, legal and human resource related costs as well as certain warehousing and service fees. For internal reporting purposes these cost allocations are based on budgeted amounts and variances from budgeted amounts are presented under column \u201cGroup and allocations\u201d, and this can result in either incurred overruns or savings compared to budgeted amounts \u2014 The Group and allocations column also includes unallocated headquarter costs The reportable segments comprise the following: Wine The Wine segment develops, markets and sells Anora\u2019s own wine brands as well as partner wines to its customers in the Nordic markets. Wine segment in Denmark also includes contract manufacturing services and logistics services on behalf of other Group companies. Spirits The Spirits segment develops, markets and sells Anora\u2019s own spirits brands and partner brands to its customers in Finland, Sweden, Norway and the Baltic countries, Denmark and Germany. The Spirits segment also includes global duty free and travel retail and exports to markets not listed above. Industrial The Industrial segment comprises Anora\u2019s industrial business \u2013 industrial products and contract manufacturing (mainly for the Spirits business but also to some extent for the Wine business), the logistics company Vectura and supply chain operations. Industrial segment includes production and/or logistics facilities in main locations Koskenkorva and Rajam\u00e4ki in Finland, Gjeller\u00e5sen in Norway, Sundsvall in Sweden and Tabasalu in Estonia. In addition, there is a small aquavit distillery in Atlungstad in Norway. Segment net sales and results All intra-group business transactions are made based on arm\u2019s length principles. The following tables set out the segment net sales and Comparable EBITDA as well as the reconciliation of the Comparable EBITDA to the Group\u2019s operating result 1 Jan\u201331 Dec 2024 EUR million Wine Spirits Industrial Group and allocations Eliminations Group Net sales external 323.0 227.0 142.0 0.0 0.0 692.0 Net sales internal 0.0 0.0 92.0 0.0 -92.0 0.0 Total Net sales 323.0 227.0 234.0 0.0 -92.0 692.0 Other operating revenues external 0.6 0.2 7.3 0.4 0.0 8.5 Other operating revenues internal 0.0 0.0 14.2 30.5 -44.7 0.0 Total other operating revenues 0.6 0.2 21.6 30.9 -44.7 8.5 Materials and services -228.6 -125.6 -144.9 -0.0 92.0 -407.1 Gross Profit 94.9 101.7 110.7 30.9 -44.7 293.4 Employee benefits and other operating expenses -75.7 -63.8 -98.6 -38.8 44.7 -232.1 EBITDA 19.2 37.9 12.1 -7.9 0.0 61.3 Items affecting comparability 1 2.9 0.1 2.6 2.0 0.0 7.6 Comparable EBITDA 22.1 38.0 14.7 -5.9 0.0 68.9 EBITDA 61.3 Depreciation, amortisation and impairment -26.8 Operating profit 34.5 1 More information on the additional inventory impairments is presented in Note 2.4 1 Jan\u201331 Dec 2023 EUR million Wine Spirits Industrial Group and allocations Eliminations Group Net sales external 334.3 237.0 155.1 0.0 0.0 726.5 Net sales internal 0.0 0.0 114.3 0.0 -114.3 0.0 Total Net sales 334.3 237.0 269.5 0.0 -114.3 726.5 Other operating revenues external 0.0 0.0 8.0 12.3 0.0 20.3 Other operating revenues internal 0.0 0.0 15.6 26.1 -41.8 0.0 Total other operating revenues 0.0 0.0 23.6 38.4 -41.8 20.3 Materials and services -244.4 -137.3 -174.0 0.0 114.3 -441.4 Gross Profit 89.9 99.7 119.0 38.4 -41.8 305.4 Employee benefits and other operating expenses -82.6 -60.3 -104.0 -32.8 41.8 -237.9 EBITDA 7.3 39.5 15.1 5.6 0.0 67.5 Items affecting comparability 1 5.0 0.8 2.4 -7.5 0.0 0.7 Comparable EBITDA 12.4 40.3 17.5 -1.9 0.0 68.2 EBITDA 67.5 Depreciation, amortisation and impairment -98.8 Operating profit -31.3 1 Gains on sale of business operations, property, plant and equipment and intangible assets are presented in Note 1.3 and 5.2, employee costs related to restructuring in Note 1.5 Other entity-wide disclosures Net sales by geography Net sales broken down by the segment and country for the years ended 31 December 2024 and 2023 were as follows: EUR million 2024 % 2023 % Wine Finland 54.5 16.9% 48.6 14.5% Sweden 113.7 35.2% 115.9 34.7% Norway 74.3 23.0% 78.4 23.5% Denmark 77.5 24.0% 86.8 26.0% Other countries 3.0 0.9% 4.6 1.4% Wine Total 323.0 100.0% 334.3 100.0% Spirits Finland 58.2 25.7% 62.4 26.3% Sweden 54.4 24.0% 52.6 22.2% Norway 50.3 22.1% 56.3 23.8% Denmark 19.4 8.5% 20.0 8.4% Other countries 44.7 19.7% 45.7 19.3% Spirits Total 227.0 100.0% 237.0 100.0% Industrial Finland 106.4 75.0% 120.7 77.8% Norway 27.1 19.1% 27.0 17.4% Other countries 8.5 6.0% 7.4 4.8% Industrial Total 142.0 100.0% 155.1 100.0% TOTAL 692.0 726.5 Significant customer relationships The Group has significant customer relationships with Alko in Finland, with Vinmonopolet in Norway and Systembolaget in Sweden, related to sales from the Wine and Spirits segments. The total net sales to Alko were approximately EUR 85.8 million (2023: EUR 91.6 million). The total net sales to Vinmonopolet were EUR 101.1 million (2023: EUR 107.4 million). The total net sales to Systembolaget were around EUR 140.4 million (2023: EUR 140.8 million). In Industrial segment net sales of EUR 43.3 million (2023: EUR 43.9 million) were derived from a single external customer. No other single external customer represented 10 per cent or more of Anora\u2019s total net sales for the years ended 31 December 2024 or 2023. Non-current assets by geography The total of non-current assets other than financial instruments and deferred tax assets broken down by the location of the assets as at 31 December 2024 and 2023 were as follows: EUR million 2024 20231 Finland 104.7 104.0 Sweden 38.5 43.1 Norway 323.3 340.0 Estonia 2.1 2.0 Latvia 0.5 0.6 Denmark 149.8 155.5 Other countries 8.2 8.2 TOTAL 627.1 653.5 1 Restated 1.2 REVENUE RECOGNITION The most significant revenue flows are generated by the sale of own products and partner brands to Scandinavian wine and spirit monopolies, HoReCa industry, alcoholic beverage wholesalers, retail grocery stores and travel retail customers. In addition, revenues are generated by contract manufacturing, sale of logistics services and the sale of industrial products, such as starch, feed and technical ethanol. Accounting policy - Revenue recognition The revenue is recognised at an amount of consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer. The transaction price may include variable considerations such as volume discounts, bonuses, marketing support and product returns. The variable considerations are estimated using the most likely value method if not yet realised in the end of reporting period. The revenue is further adjusted with indirect sales taxes, excise taxes, deposit and recycling fees. Sale of goods The wine and spirits businesses generally only sell physical products in the form of wine and spirits products. Sale of these products are accounted for in the Group\u2019s income statement at a point in time when they are delivered to the Group\u2019s customers according to the delivery terms. In partner supplier agreements, which entitle Group to distribute partners\u2019 products, Anora acts as a principal towards the end customer having control over the product, discretion in establishing prices and owning the inventory. Accordingly, revenue recognised is the gross amount to which Anora is entitled to in these product sales. Sale of services The sale of services contracts essentially include a single performance obligation, being a series of distinct services such as contract manufacturing, customer services and logistics. The revenue recognition occurs at a point in time, when the control of the goods is transferred to the customer according to the delivery terms. Revenue from the sale of services is recognised at the time of delivery of services, which in most cases correspond with delivery of the goods manufactured or goods distributed being delivered to the customers according to the delivery terms. This include the logistics business, as this business is acting as an agent on behalf of its business partners, and therefore the logistics services are considered completed at the time of the goods being delivered to the customers according to delivery terms. The revenue from activity-based services at logistics business, such as rent for storage of pallets, reconstruction of pallets from larger EUR pallets to smaller quarter pallets, destruction services, etc, is recognised over time. Input for these services is based on actual pallet places of storage being used during the period, actual number of pallets being reconstructed during a period or actual volume being destructed during a period. Financing components Primarily accounts receivable fall due 0\u201360 days after invoicing date. Transaction prices do not include any significant financing components . Critical estimates and management judgement - Revenue recognition Anora provides volume-based rebates, bonuses and other discounts to their customers in open markets and on-trade customers in the monopoly markets. These classify as variable considerations within contracts with customers. The Group estimates consideration to which it will be entitled in exchange for transferring goods to the customers, including amounts that are variable. The variable consideration is estimated at a contract inception based on expected sales volumes using historical and year-to-date sales data and other information about trading with individual customers or groups of customers. The Group estimates discounts, rebates and bonuses using the most likely amount method . Contracts assets and liabilities Contract assets represent the amount which Anora has right to receive goods expected to be returned to inventory with respect to return clauses in the contracts. Contract assets are measured at the former carrying amount of the inventory less any expected costs to recover the goods and less any impairment losses. Contract liabilities represent the amount received or receivable that is expected to be returned as a refund liability. These contracts assets or liabilities are very limited in the Group and are included in other receivables or other payables in the Group\u2019s balance sheet. Excise taxes related to sales The amount of excise tax deducted from sales revenue is significant. The amounts of sales including tax and excise taxes are presented below: EUR million 2024 2023 Sales revenue before deduction of excise tax 1,317.6 1,403.2 Excise tax -625.6 -676.8 Net sales 692.0 726.5 Tax share of sales revenues, % 47.5 % 48.2% Net Sales by products EUR million 2024 2023 Wines 323.0 334.3 Spirits 227.0 237.0 Industrial Products 58.5 71.3 Total sale of products 608.5 642.6 Contract manufacturing services 52.7 60.2 Logistics services 1 30.8 23.7 Total sale of services 83.5 83.9 Net sales 692.0 726.5 1 Logistics services include EUR 5.0 million of activity-based service revenues for 2024 (2023: EUR 4.3 million) 1.3 OTHER OPERATING INCOME Other operating income mainly includes gains on the disposal of non-current assets, income from sale of energy, water, steam and carbon dioxide, gains on sale of emission allowances, rental income and related non-core business service income and contract termination fees. Gains on sale of subsidiaries and business operations relates to sale of Sn\u00e4ller\u00f6ds schnapps brand. In the comparative period, the gain on sale relates to Larsen cognac business. In segment reporting the one-off gain from Larsen divestment was presented in its full as a part of Group and Allocations figures. For details on disposal of Larsen, see chapter 5.2 regarding Changes in Group Structure. EUR million 2024 2023 Gains on sale of subsidiaries and business operations 0.2 11.6 Gains on sale of property, plant and equipment and intangible assets 0.1 0.8 Gains on sale of emission allowances - 0.1 Rental income 1.5 1.4 Income from sale of energy, water, steam and carbon dioxide 4.4 4.0 Other income 2.4 2.3 TOTAL 8.5 20.3 1.4 MATERIALS AND SERVICES Materials and services consist of cost of material, such as barley, wine, different spirit, liquids, ground water as well as other ingredients needed for a variety of different drinks, packaging materials, changes in inventories, scrapping and obsolescence costs and external services such as logistics and warehousing. Refer to note 2.4 Inventory for further information about cost of goods sold and obsolescence. EUR million 2024 2023 Raw materials, consumables and goods -395.4 -428.1 Scrapping and obsolescence and revaluation -6.1 -3.8 External services -5.6 -9.5 TOTAL -407.1 -441.4 1.5 EMPLOYEE BENEFIT EXPENSES In Anora, the total wages and salaries of personnel consists of fixed and variable pay, allowances, short and long-term incentives and fringe benefits. EUR million 2024 2023 Wages and salaries -83.1 -83.0 Pension expenses Defined contributions plans -10.8 -10.5 Defined benefit plans -0.1 -0.1 Share-based payments -0.2 -0.0 Other social expenses -9.6 -10.2 TOTAL -103.9 - 103.8 Employee benefit expenses include personnel related restructuring costs of EUR 1.3 (2023: 4.9) million. The EUR 4.9 million restructuring costs in the comparative period was split EUR 0.7 million to Wines, EUR 0.9 million to Spirits, EUR 2.4 million to Industrial and EUR 0.9 million in unallocated headquarter costs. More information on the provisions related to the restructuring costs is presented in Note 2.8. Average number of personnel during the period Person 2024 2023 Workers 519 542 Clerical employees 711 731 TOTAL 1,230 1,273 More information on the Group\u2019s pension plans is presented in Note 2.6 Employee benefit obligations. Information of management remuneration is presented in Note 6.3 Related party transactions and 6.4 Share-based payments . 1.6 OTHER OPERATING EXPENSES EUR million 2024 2023 Losses on sales and disposals of property, plant and equipment and intangible assets -0.1 -0.2 Short term, low value and other lease related payments -3.2 -6.6 Marketing expenses -28.3 -28.0 Travel and representation expenses -4.1 -3.9 Consulting and other purchased services -23.6 -27.3 Repair and maintenance expenses -13.7 -14.0 Cars and transport services -7.3 -7.9 Energy expenses -11.7 -11.8 IT expenses -10.8 -10.1 Variable sales expenses -15.2 -14.8 Other expenses -10.1 -9.4 Total -128.3 -134.1 Auditor\u2019s fees included in other operating expenses EUR million 2024 2023 Audit fees -1.3 -1.2 Other fees -0.2 -0.1 Total -1.5 -1.4 The table above presents fees for assurance services on the sustainability report amounting to EUR 0.1 million in line Other fees. 1.7 RESEARCH AND DEVELOPMENT EXPENDITURES Operating result include research and development expenditures amounting to EUR 2.7 million (2023: EUR 2.3 million). The R&D expenditures represent 0.4 % of net sales in 2024 (2023: 0.3%).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-421": {
"value": "1.1 Segment information Description of segments and principal activities The reportable segments of Anora in these consolidated financial statements consist of Wine, Spirits, and Industrial. The Board of Directors of Anora is determined as the Group\u2019s Chief Operative Decision Maker (CODM) being responsible for allocating resources, deciding on strategy and assessing performance of the operating segments. The reportable segments are based on Anora\u2019s operating structure and internal reporting to the CODM and used to assess the performance of the segments. The Board of Directors uses alternative performance measures alongside the IFRS financial statements indicators in the Group\u2019s results reporting. The Board of Directors assesses the segments\u2019 performances based on internal measures of gross profit and comparable EBITDA derived as follows: \u2014 Net sales, other operating income, and direct materials and services including change in inventories reported within the Gross Profit \u2014 Results reporting to management corresponds to the accounting policies of the consolidated financial statements apart from Items affecting comparability (IAC) \u2014 In reporting to Board of Directors the Groups\u2019 and segments\u2019 Comparable EBITDA and Group\u2019s total EBIT are adjusted with IACs. IACs comprise of material items outside normal business, such as net gains or losses from business and assets disposals, impairment losses, cost for closure of business operations and restructurings, major corporate projects including direct transaction costs related to business combinations and the merger, merger related integration costs, expenses arising from the fair valuation of inventories in connection with merger, voluntary pension plan change, and costs related to other corporate development \u2014 Expenses allocated to the segments related to shared function costs or business support services, comprise costs such as centralised marketing costs, IT infrastructure related costs, shared support services, headquarter costs including finance and treasury, legal and human resource related costs as well as certain warehousing and service fees. For internal reporting purposes these cost allocations are based on budgeted amounts and variances from budgeted amounts are presented under column \u201cGroup and allocations\u201d, and this can result in either incurred overruns or savings compared to budgeted amounts \u2014 The Group and allocations column also includes unallocated headquarter costs The reportable segments comprise the following: Wine The Wine segment develops, markets and sells Anora\u2019s own wine brands as well as partner wines to its customers in the Nordic markets. Wine segment in Denmark also includes contract manufacturing services and logistics services on behalf of other Group companies. Spirits The Spirits segment develops, markets and sells Anora\u2019s own spirits brands and partner brands to its customers in Finland, Sweden, Norway and the Baltic countries, Denmark and Germany. The Spirits segment also includes global duty free and travel retail and exports to markets not listed above. Industrial The Industrial segment comprises Anora\u2019s industrial business \u2013 industrial products and contract manufacturing (mainly for the Spirits business but also to some extent for the Wine business), the logistics company Vectura and supply chain operations. Industrial segment includes production and/or logistics facilities in main locations Koskenkorva and Rajam\u00e4ki in Finland, Gjeller\u00e5sen in Norway, Sundsvall in Sweden and Tabasalu in Estonia. In addition, there is a small aquavit distillery in Atlungstad in Norway. Segment net sales and results All intra-group business transactions are made based on arm\u2019s length principles. The following tables set out the segment net sales and Comparable EBITDA as well as the reconciliation of the Comparable EBITDA to the Group\u2019s operating result ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-422": {
"value": "Net sales by geography Net sales broken down by the segment and country for the years ended 31 December 2024 and 2023 were as follows: EUR million 2024 % 2023 % Wine Finland 54.5 16.9% 48.6 14.5% Sweden 113.7 35.2% 115.9 34.7% Norway 74.3 23.0% 78.4 23.5% Denmark 77.5 24.0% 86.8 26.0% Other countries 3.0 0.9% 4.6 1.4% Wine Total 323.0 100.0% 334.3 100.0% Spirits Finland 58.2 25.7% 62.4 26.3% Sweden 54.4 24.0% 52.6 22.2% Norway 50.3 22.1% 56.3 23.8% Denmark 19.4 8.5% 20.0 8.4% Other countries 44.7 19.7% 45.7 19.3% Spirits Total 227.0 100.0% 237.0 100.0% Industrial Finland 106.4 75.0% 120.7 77.8% Norway 27.1 19.1% 27.0 17.4% Other countries 8.5 6.0% 7.4 4.8% Industrial Total 142.0 100.0% 155.1 100.0% TOTAL 692.0 726.5 1.2 REVENUE RECOGNITION The most significant revenue flows are generated by the sale of own products and partner brands to Scandinavian wine and spirit monopolies, HoReCa industry, alcoholic beverage wholesalers, retail grocery stores and travel retail customers. In addition, revenues are generated by contract manufacturing, sale of logistics services and the sale of industrial products, such as starch, feed and technical ethanol. Accounting policy - Revenue recognition The revenue is recognised at an amount of consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer. The transaction price may include variable considerations such as volume discounts, bonuses, marketing support and product returns. The variable considerations are estimated using the most likely value method if not yet realised in the end of reporting period. The revenue is further adjusted with indirect sales taxes, excise taxes, deposit and recycling fees. Sale of goods The wine and spirits businesses generally only sell physical products in the form of wine and spirits products. Sale of these products are accounted for in the Group\u2019s income statement at a point in time when they are delivered to the Group\u2019s customers according to the delivery terms. In partner supplier agreements, which entitle Group to distribute partners\u2019 products, Anora acts as a principal towards the end customer having control over the product, discretion in establishing prices and owning the inventory. Accordingly, revenue recognised is the gross amount to which Anora is entitled to in these product sales. Sale of services The sale of services contracts essentially include a single performance obligation, being a series of distinct services such as contract manufacturing, customer services and logistics. The revenue recognition occurs at a point in time, when the control of the goods is transferred to the customer according to the delivery terms. Revenue from the sale of services is recognised at the time of delivery of services, which in most cases correspond with delivery of the goods manufactured or goods distributed being delivered to the customers according to the delivery terms. This include the logistics business, as this business is acting as an agent on behalf of its business partners, and therefore the logistics services are considered completed at the time of the goods being delivered to the customers according to delivery terms. The revenue from activity-based services at logistics business, such as rent for storage of pallets, reconstruction of pallets from larger EUR pallets to smaller quarter pallets, destruction services, etc, is recognised over time. Input for these services is based on actual pallet places of storage being used during the period, actual number of pallets being reconstructed during a period or actual volume being destructed during a period. Financing components Primarily accounts receivable fall due 0\u201360 days after invoicing date. Transaction prices do not include any significant financing components . Critical estimates and management judgement - Revenue recognition Anora provides volume-based rebates, bonuses and other discounts to their customers in open markets and on-trade customers in the monopoly markets. These classify as variable considerations within contracts with customers. The Group estimates consideration to which it will be entitled in exchange for transferring goods to the customers, including amounts that are variable. The variable consideration is estimated at a contract inception based on expected sales volumes using historical and year-to-date sales data and other information about trading with individual customers or groups of customers. The Group estimates discounts, rebates and bonuses using the most likely amount method . Contracts assets and liabilities Contract assets represent the amount which Anora has right to receive goods expected to be returned to inventory with respect to return clauses in the contracts. Contract assets are measured at the former carrying amount of the inventory less any expected costs to recover the goods and less any impairment losses. Contract liabilities represent the amount received or receivable that is expected to be returned as a refund liability. These contracts assets or liabilities are very limited in the Group and are included in other receivables or other payables in the Group\u2019s balance sheet. Excise taxes related to sales The amount of excise tax deducted from sales revenue is significant. The amounts of sales including tax and excise taxes are presented below: EUR million 2024 2023 Sales revenue before deduction of excise tax 1,317.6 1,403.2 Excise tax -625.6 -676.8 Net sales 692.0 726.5 Tax share of sales revenues, % 47.5 % 48.2% Net Sales by products EUR million 2024 2023 Wines 323.0 334.3 Spirits 227.0 237.0 Industrial Products 58.5 71.3 Total sale of products 608.5 642.6 Contract manufacturing services 52.7 60.2 Logistics services 1 30.8 23.7 Total sale of services 83.5 83.9 Net sales 692.0 726.5 1 Logistics services include EUR 5.0 million of activity-based service revenues for 2024 (2023: EUR 4.3 million) ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-423": {
"value": "Net sales by geography Net sales broken down by the segment and country for the years ended 31 December 2024 and 2023 were as follows: EUR million 2024 % 2023 % Wine Finland 54.5 16.9% 48.6 14.5% Sweden 113.7 35.2% 115.9 34.7% Norway 74.3 23.0% 78.4 23.5% Denmark 77.5 24.0% 86.8 26.0% Other countries 3.0 0.9% 4.6 1.4% Wine Total 323.0 100.0% 334.3 100.0% Spirits Finland 58.2 25.7% 62.4 26.3% Sweden 54.4 24.0% 52.6 22.2% Norway 50.3 22.1% 56.3 23.8% Denmark 19.4 8.5% 20.0 8.4% Other countries 44.7 19.7% 45.7 19.3% Spirits Total 227.0 100.0% 237.0 100.0% Industrial Finland 106.4 75.0% 120.7 77.8% Norway 27.1 19.1% 27.0 17.4% Other countries 8.5 6.0% 7.4 4.8% Industrial Total 142.0 100.0% 155.1 100.0% TOTAL 692.0 726.5 Significant customer relationships The Group has significant customer relationships with Alko in Finland, with Vinmonopolet in Norway and Systembolaget in Sweden, related to sales from the Wine and Spirits segments. The total net sales to Alko were approximately EUR 85.8 million (2023: EUR 91.6 million). The total net sales to Vinmonopolet were EUR 101.1 million (2023: EUR 107.4 million). The total net sales to Systembolaget were around EUR 140.4 million (2023: EUR 140.8 million). In Industrial segment net sales of EUR 43.3 million (2023: EUR 43.9 million) were derived from a single external customer. No other single external customer represented 10 per cent or more of Anora\u2019s total net sales for the years ended 31 December 2024 or 2023. Non-current assets by geography The total of non-current assets other than financial instruments and deferred tax assets broken down by the location of the assets as at 31 December 2024 and 2023 were as follows: EUR million 2024 20231 Finland 104.7 104.0 Sweden 38.5 43.1 Norway 323.3 340.0 Estonia 2.1 2.0 Latvia 0.5 0.6 Denmark 149.8 155.5 Other countries 8.2 8.2 TOTAL 627.1 653.5 1 Restated ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-424": {
"value": "1.2 REVENUE RECOGNITION
The most significant revenue flows are generated
by the sale of own products and partner brands
to Scandinavian wine and spirit monopolies,
HoReCa industry, alcoholic beverage wholesalers,
retail grocery stores and travel retail customers.
In addition, revenues are generated by contract
manufacturing, sale of logistics services and the
sale of industrial products, such as starch, feed and
technical ethanol.
Accounting policy - Revenue recognition
The revenue is recognised at an amount of
consideration to which the Group expects to be
entitled in exchange for transferring promised
goods or services to a customer. The transaction
price may include variable considerations such
as volume discounts, bonuses, marketing support
and product returns. The variable considerations
are estimated using the most likely value method
if not yet realised in the end of reporting period.
The revenue is further adjusted with indirect sales
taxes, excise taxes, deposit and recycling fees.
Sale of goods
The wine and spirits businesses generally only sell
physical products in the form of wine and spirits
products. Sale of these products are accounted
for in the Group\u2019s income statement at a point
in time when they are delivered to the Group\u2019s
customers according to the delivery terms.
In partner supplier agreements, which entitle
Group to distribute partners\u2019 products, Anora
acts as a principal towards the end customer
having control over the product, discretion in
establishing prices and owning the inventory.
Accordingly, revenue recognised is the gross
amount to which Anora is entitled to in these
product sales.
Sale of services
The sale of services contracts essentially
include a single performance obligation, being
a series of distinct services such as contract
manufacturing, customer services and logistics.
The revenue recognition occurs at a point in time,
when the control of the goods is transferred to
the customer according to the delivery terms.
Revenue from the sale of services is recognised
at the time of delivery of services, which in most
cases correspond with delivery of the goods
manufactured or goods distributed being
delivered to the customers according to the
delivery terms. This include the logistics business,
as this business is acting as an agent on behalf of
its business partners, and therefore the logistics
services are considered completed at the time
of the goods being delivered to the customers
according to delivery terms.
The revenue from activity-based services at
logistics business, such as rent for storage of
pallets, reconstruction of pallets from larger EUR
pallets to smaller quarter pallets, destruction
services, etc, is recognised over time. Input for
these services is based on actual pallet places
of storage being used during the period, actual
number of pallets being reconstructed during a
period or actual volume being destructed during
a period.
Financing components
Primarily accounts receivable fall due 0\u201360 days
after invoicing date. Transaction prices do not
include any significant financing components .
Critical estimates and management judgement
- Revenue recognition
Anora provides volume-based rebates, bonuses
and other discounts to their customers in
open markets and on-trade customers in the
monopoly markets. These classify as variable
considerations within contracts with customers.
The Group estimates consideration to which it
will be entitled in exchange for transferring goods
to the customers, including amounts that are
variable. The variable consideration is estimated
at a contract inception based on expected sales
volumes using historical and year-to-date sales
data and other information about trading with
individual customers or groups of customers. The
Group estimates discounts, rebates and bonuses
using the most likely amount method .
Contracts assets and liabilities
Contract assets represent the amount which
Anora has right to receive goods expected to
be returned to inventory with respect to return
clauses in the contracts. Contract assets are
measured at the former carrying amount of the
inventory less any expected costs to recover the
goods and less any impairment losses. Contract
liabilities represent the amount received or
receivable that is expected to be returned as
a refund liability. These contracts assets or
liabilities are very limited in the Group and are
included in other receivables or other payables
in the Group\u2019s balance sheet.
Excise taxes related to sales
The amount of excise tax deducted from sales
revenue is significant. The amounts of sales including
tax and excise taxes are presented below:
EUR million 2024 2023
Sales revenue before
deduction of excise tax 1,317.6 1,403.2
Excise tax -625.6 -676.8
Net sales 692.0 726.5
Tax share of sales revenues, % 47.5 % 48.2%
Net Sales by products
EUR million 2024 2023
Wines 323.0 334.3
Spirits 227.0 237.0
Industrial Products 58.5 71.3
Total sale of products 608.5 642.6
Contract manufacturing
services 52.7 60.2
Logistics services
1
30.8 23.7
Total sale of services 83.5 83.9
Net sales 692.0 726.5
1
Logistics services include EUR 5.0 million of activity-based service
revenues for 2024 (2023: EUR 4.3 million)
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-425": {
"value": "1.2 REVENUE RECOGNITION The most significant revenue flows are generated by the sale of own products and partner brands to Scandinavian wine and spirit monopolies, HoReCa industry, alcoholic beverage wholesalers, retail grocery stores and travel retail customers. In addition, revenues are generated by contract manufacturing, sale of logistics services and the sale of industrial products, such as starch, feed and technical ethanol. Accounting policy - Revenue recognition The revenue is recognised at an amount of consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer. The transaction price may include variable considerations such as volume discounts, bonuses, marketing support and product returns. The variable considerations are estimated using the most likely value method if not yet realised in the end of reporting period. The revenue is further adjusted with indirect sales taxes, excise taxes, deposit and recycling fees. Sale of goods The wine and spirits businesses generally only sell physical products in the form of wine and spirits products. Sale of these products are accounted for in the Group\u2019s income statement at a point in time when they are delivered to the Group\u2019s customers according to the delivery terms. In partner supplier agreements, which entitle Group to distribute partners\u2019 products, Anora acts as a principal towards the end customer having control over the product, discretion in establishing prices and owning the inventory. Accordingly, revenue recognised is the gross amount to which Anora is entitled to in these product sales. Sale of services The sale of services contracts essentially include a single performance obligation, being a series of distinct services such as contract manufacturing, customer services and logistics. The revenue recognition occurs at a point in time, when the control of the goods is transferred to the customer according to the delivery terms. Revenue from the sale of services is recognised at the time of delivery of services, which in most cases correspond with delivery of the goods manufactured or goods distributed being delivered to the customers according to the delivery terms. This include the logistics business, as this business is acting as an agent on behalf of its business partners, and therefore the logistics services are considered completed at the time of the goods being delivered to the customers according to delivery terms. The revenue from activity-based services at logistics business, such as rent for storage of pallets, reconstruction of pallets from larger EUR pallets to smaller quarter pallets, destruction services, etc, is recognised over time. Input for these services is based on actual pallet places of storage being used during the period, actual number of pallets being reconstructed during a period or actual volume being destructed during a period. Financing components Primarily accounts receivable fall due 0\u201360 days after invoicing date. Transaction prices do not include any significant financing components . Critical estimates and management judgement - Revenue recognition Anora provides volume-based rebates, bonuses and other discounts to their customers in open markets and on-trade customers in the monopoly markets. These classify as variable considerations within contracts with customers. The Group estimates consideration to which it will be entitled in exchange for transferring goods to the customers, including amounts that are variable. The variable consideration is estimated at a contract inception based on expected sales volumes using historical and year-to-date sales data and other information about trading with individual customers or groups of customers. The Group estimates discounts, rebates and bonuses using the most likely amount method . Contracts assets and liabilities Contract assets represent the amount which Anora has right to receive goods expected to be returned to inventory with respect to return clauses in the contracts. Contract assets are measured at the former carrying amount of the inventory less any expected costs to recover the goods and less any impairment losses. Contract liabilities represent the amount received or receivable that is expected to be returned as a refund liability. These contracts assets or liabilities are very limited in the Group and are included in other receivables or other payables in the Group\u2019s balance sheet. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-426": {
"value": "Critical estimates and management judgement - Revenue recognition Anora provides volume-based rebates, bonuses and other discounts to their customers in open markets and on-trade customers in the monopoly markets. These classify as variable considerations within contracts with customers. The Group estimates consideration to which it will be entitled in exchange for transferring goods to the customers, including amounts that are variable. The variable consideration is estimated at a contract inception based on expected sales volumes using historical and year-to-date sales data and other information about trading with individual customers or groups of customers. The Group estimates discounts, rebates and bonuses using the most likely amount method ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-427": {
"value": "Excise taxes related to sales The amount of excise tax deducted from sales revenue is significant. The amounts of sales including tax and excise taxes are presented below: EUR million 2024 2023 Sales revenue before deduction of excise tax 1,317.6 1,403.2 Excise tax -625.6 -676.8 Net sales 692.0 726.5 Tax share of sales revenues, % 47.5 % 48.2% ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-428": {
"value": "1.3 OTHER OPERATING INCOME
Other operating income mainly includes gains on
the disposal of non-current assets, income from
sale of energy, water, steam and carbon dioxide,
gains on sale of emission allowances, rental income
and related non-core business service income and
contract termination fees.
Gains on sale of subsidiaries and business
operations relates to sale of Sn\u00e4ller\u00f6ds schnapps
brand. In the comparative period, the gain on sale
relates to Larsen cognac business. In segment
reporting the one-off gain from Larsen divestment
was presented in its full as a part of Group and
Allocations figures. For details on disposal of Larsen,
see chapter 5.2 regarding Changes in Group
Structure.
EUR million 2024 2023
Gains on sale of subsidiaries
and business operations 0.2 11.6
Gains on sale of property,
plant and equipment and
intangible assets 0.1 0.8
Gains on sale of emission
allowances - 0.1
Rental income 1.5 1.4
Income from sale of energy,
water, steam and carbon
dioxide 4.4 4.0
Other income 2.4 2.3
TOTAL 8.5 20.3
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-429": {
"value": "1.3 OTHER OPERATING INCOME Other operating income mainly includes gains on the disposal of non-current assets, income from sale of energy, water, steam and carbon dioxide, gains on sale of emission allowances, rental income and related non-core business service income and contract termination fees. Gains on sale of subsidiaries and business operations relates to sale of Sn\u00e4ller\u00f6ds schnapps brand. In the comparative period, the gain on sale relates to Larsen cognac business. In segment reporting the one-off gain from Larsen divestment was presented in its full as a part of Group and Allocations figures. For details on disposal of Larsen, see chapter 5.2 regarding Changes in Group Structure. EUR million 2024 2023 Gains on sale of subsidiaries and business operations 0.2 11.6 Gains on sale of property, plant and equipment and intangible assets 0.1 0.8 Gains on sale of emission allowances - 0.1 Rental income 1.5 1.4 Income from sale of energy, water, steam and carbon dioxide 4.4 4.0 Other income 2.4 2.3 TOTAL 8.5 20.3 1.6 OTHER OPERATING EXPENSES EUR million 2024 2023 Losses on sales and disposals of property, plant and equipment and intangible assets -0.1 -0.2 Short term, low value and other lease related payments -3.2 -6.6 Marketing expenses -28.3 -28.0 Travel and representation expenses -4.1 -3.9 Consulting and other purchased services -23.6 -27.3 Repair and maintenance expenses -13.7 -14.0 Cars and transport services -7.3 -7.9 Energy expenses -11.7 -11.8 IT expenses -10.8 -10.1 Variable sales expenses -15.2 -14.8 Other expenses -10.1 -9.4 Total -128.3 -134.1 Auditor\u2019s fees included in other operating expenses EUR million 2024 2023 Audit fees -1.3 -1.2 Other fees -0.2 -0.1 Total -1.5 -1.4 The table above presents fees for assurance services on the sustainability report amounting to EUR 0.1 million in line Other fees. 1.7 RESEARCH AND DEVELOPMENT EXPENDITURES Operating result include research and development expenditures amounting to EUR 2.7 million (2023: EUR 2.3 million). The R&D expenditures represent 0.4 % of net sales in 2024 (2023: 0.3%).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-430": {
"value": "1.4 MATERIALS AND SERVICES
Materials and services consist of cost of material,
such as barley, wine, different spirit, liquids, ground
water as well as other ingredients needed for a
variety of different drinks, packaging materials,
changes in inventories, scrapping and obsolescence
costs and external services such as logistics
and warehousing. Refer to note 2.4 Inventory for
further information about cost of goods sold and
obsolescence.
EUR million 2024 2023
Raw materials, consumables
and goods -395.4 -428.1
Scrapping and obsolescence
and revaluation -6.1 -3.8
External services -5.6 -9.5
TOTAL -407.1 -441.4
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-431": {
"value": "1.4 MATERIALS AND SERVICES Materials and services consist of cost of material, such as barley, wine, different spirit, liquids, ground water as well as other ingredients needed for a variety of different drinks, packaging materials, changes in inventories, scrapping and obsolescence costs and external services such as logistics and warehousing. Refer to note 2.4 Inventory for further information about cost of goods sold and obsolescence. EUR million 2024 2023 Raw materials, consumables and goods -395.4 -428.1 Scrapping and obsolescence and revaluation -6.1 -3.8 External services -5.6 -9.5 TOTAL -407.1 -441.4 1.5 EMPLOYEE BENEFIT EXPENSES In Anora, the total wages and salaries of personnel consists of fixed and variable pay, allowances, short and long-term incentives and fringe benefits. EUR million 2024 2023 Wages and salaries -83.1 -83.0 Pension expenses Defined contributions plans -10.8 -10.5 Defined benefit plans -0.1 -0.1 Share-based payments -0.2 -0.0 Other social expenses -9.6 -10.2 TOTAL -103.9 - 103.8 Employee benefit expenses include personnel related restructuring costs of EUR 1.3 (2023: 4.9) million. The EUR 4.9 million restructuring costs in the comparative period was split EUR 0.7 million to Wines, EUR 0.9 million to Spirits, EUR 2.4 million to Industrial and EUR 0.9 million in unallocated headquarter costs. More information on the provisions related to the restructuring costs is presented in Note 2.8. Average number of personnel during the period Person 2024 2023 Workers 519 542 Clerical employees 711 731 TOTAL 1,230 1,273 More information on the Group\u2019s pension plans is presented in Note 2.6 Employee benefit obligations. Information of management remuneration is presented in Note 6.3 Related party transactions and 6.4 Share-based payments . 1.6 OTHER OPERATING EXPENSES EUR million 2024 2023 Losses on sales and disposals of property, plant and equipment and intangible assets -0.1 -0.2 Short term, low value and other lease related payments -3.2 -6.6 Marketing expenses -28.3 -28.0 Travel and representation expenses -4.1 -3.9 Consulting and other purchased services -23.6 -27.3 Repair and maintenance expenses -13.7 -14.0 Cars and transport services -7.3 -7.9 Energy expenses -11.7 -11.8 IT expenses -10.8 -10.1 Variable sales expenses -15.2 -14.8 Other expenses -10.1 -9.4 Total -128.3 -134.1 Auditor\u2019s fees included in other operating expenses EUR million 2024 2023 Audit fees -1.3 -1.2 Other fees -0.2 -0.1 Total -1.5 -1.4 The table above presents fees for assurance services on the sustainability report amounting to EUR 0.1 million in line Other fees. 1.7 RESEARCH AND DEVELOPMENT EXPENDITURES Operating result include research and development expenditures amounting to EUR 2.7 million (2023: EUR 2.3 million). The R&D expenditures represent 0.4 % of net sales in 2024 (2023: 0.3%).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-432": {
"value": "1.4 MATERIALS AND SERVICES Materials and services consist of cost of material, such as barley, wine, different spirit, liquids, ground water as well as other ingredients needed for a variety of different drinks, packaging materials, changes in inventories, scrapping and obsolescence costs and external services such as logistics and warehousing. Refer to note 2.4 Inventory for further information about cost of goods sold and obsolescence. EUR million 2024 2023 Raw materials, consumables and goods -395.4 -428.1 Scrapping and obsolescence and revaluation -6.1 -3.8 External services -5.6 -9.5 TOTAL -407.1 -441.4 1.5 EMPLOYEE BENEFIT EXPENSES In Anora, the total wages and salaries of personnel consists of fixed and variable pay, allowances, short and long-term incentives and fringe benefits. EUR million 2024 2023 Wages and salaries -83.1 -83.0 Pension expenses Defined contributions plans -10.8 -10.5 Defined benefit plans -0.1 -0.1 Share-based payments -0.2 -0.0 Other social expenses -9.6 -10.2 TOTAL -103.9 - 103.8 Employee benefit expenses include personnel related restructuring costs of EUR 1.3 (2023: 4.9) million. The EUR 4.9 million restructuring costs in the comparative period was split EUR 0.7 million to Wines, EUR 0.9 million to Spirits, EUR 2.4 million to Industrial and EUR 0.9 million in unallocated headquarter costs. More information on the provisions related to the restructuring costs is presented in Note 2.8. Average number of personnel during the period Person 2024 2023 Workers 519 542 Clerical employees 711 731 TOTAL 1,230 1,273 More information on the Group\u2019s pension plans is presented in Note 2.6 Employee benefit obligations. Information of management remuneration is presented in Note 6.3 Related party transactions and 6.4 Share-based payments 1.6 OTHER OPERATING EXPENSES
EUR million 2024 2023
Losses on sales and disposals
of property, plant and
equipment and intangible
assets -0.1 -0.2
Short term, low value and
other lease related payments -3.2 -6.6
Marketing expenses -28.3 -28.0
Travel and representation
expenses -4.1 -3.9
Consulting and other
purchased services -23.6 -27.3
Repair and maintenance
expenses -13.7 -14.0
Cars and transport services -7.3 -7.9
Energy expenses -11.7 -11.8
IT expenses -10.8 -10.1
Variable sales expenses -15.2 -14.8
Other expenses -10.1 -9.4
Total -128.3 -134.1
Auditor\u2019s fees included in other operating expenses
EUR million 2024 2023
Audit fees -1.3 -1.2
Other fees -0.2 -0.1
Total -1.5 -1.4
The table above presents fees for assurance services
on the sustainability report amounting to EUR 0.1
million in line Other fees.
1.7 RESEARCH AND DEVELOPMENT
EXPENDITURES
Operating result include research and development
expenditures amounting to EUR 2.7 million (2023: EUR
2.3 million). The R&D expenditures represent 0.4 % of
net sales in 2024 (2023: 0.3%).
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfExpensesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-433": {
"value": "1.5 EMPLOYEE BENEFIT EXPENSES
In Anora, the total wages and salaries of personnel
consists of fixed and variable pay, allowances, short
and long-term incentives and fringe benefits.
EUR million 2024 2023
Wages and salaries -83.1 -83.0
Pension expenses
Defined contributions plans -10.8 -10.5
Defined benefit plans -0.1 -0.1
Share-based payments -0.2 -0.0
Other social expenses -9.6 -10.2
TOTAL -103.9 - 103.8
Employee benefit expenses include personnel
related restructuring costs of EUR 1.3 (2023: 4.9)
million. The EUR 4.9 million restructuring costs in the
comparative period was split EUR 0.7 million to Wines,
EUR 0.9 million to Spirits, EUR 2.4 million to Industrial
and EUR 0.9 million in unallocated headquarter costs.
More information on the provisions related to the
restructuring costs is presented in Note 2.8.
Average number of personnel during the period
Person 2024 2023
Workers 519 542
Clerical employees 711 731
TOTAL 1,230 1,273
More information on the Group\u2019s pension plans is
presented in Note 2.6 Employee benefit obligations.
Information of management remuneration is
presented in Note 6.3 Related party transactions and
6.4 Share-based payments .
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-434": {
"value": "1.5 EMPLOYEE BENEFIT EXPENSES In Anora, the total wages and salaries of personnel consists of fixed and variable pay, allowances, short and long-term incentives and fringe benefits. 103.8 Employee benefit expenses include personnel related restructuring costs of EUR 1.3 (2023: 4.9) million. The EUR 4.9 million restructuring costs in the comparative period was split EUR 0.7 million to Wines, EUR 0.9 million to Spirits, EUR 2.4 million to Industrial and EUR 0.9 million in unallocated headquarter costs. More information on the provisions related to the restructuring costs is presented in Note 2.8. More information on the Group\u2019s pension plans is presented in Note 2.6 Employee benefit obligations. Information of management remuneration is presented in Note 6.3 Related party transactions and 6.4 Share-based payments . 2.6 EMPLOYEE BENEFIT OBLIGATIONS Group\u2019s pension arrangements The Group operates various pension plans in accordance with local conditions and practices in different countries. In the Finnish, Norwegian, Swedish, Danish and German companies, statutory pension obligations are arranged through pension insurance companies, when the plans are defined contribution plans, and they are managed in accordance with local legislation and established practice. Gift pension and unfunded pension arrangements In addition to the defined contribution plans, the Group has a few gift pensions and other unfunded defined benefit plans for some of the employees in Norway. On the transition to the defined contribution plan in Norway, there were individuals who would be disadvantaged in the event of early retirement at 65-67 years of age. To compensate for this, it was agreed to that a gift pension would be paid to all employees who were affected. As at 31.12.2024, this pension is linked to 67 active employees and 6 retired former employees (2023: 70 active employees and 15 retired former employees). In the actuarial calculated defined benefit pension plans, the amount of the pension benefit at retirement is calculated based on salary, years of service and life expectancy. The Norwegian pension plans cover only few employees, thus the related pension liabilities are not material for the Group. At the end of the reporting period 2024 the total actuarial calculated defined benefit plan obligations amounted to EUR 2.6 million (2023: EUR 2.4 million).",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-435": {
"value": "1.5 EMPLOYEE BENEFIT EXPENSES In Anora, the total wages and salaries of personnel consists of fixed and variable pay, allowances, short and long-term incentives and fringe benefits. EUR million 2024 2023 Wages and salaries -83.1 -83.0 Pension expenses Defined contributions plans -10.8 -10.5 Defined benefit plans -0.1 -0.1 Share-based payments -0.2 -0.0 Other social expenses -9.6 -10.2 TOTAL -103.9 - 103.8 Employee benefit expenses include personnel related restructuring costs of EUR 1.3 (2023: 4.9) million. The EUR 4.9 million restructuring costs in the comparative period was split EUR 0.7 million to Wines, EUR 0.9 million to Spirits, EUR 2.4 million to Industrial and EUR 0.9 million in unallocated headquarter costs. More information on the provisions related to the restructuring costs is presented in Note 2.8. Average number of personnel during the period Person 2024 2023 Workers 519 542 Clerical employees 711 731 TOTAL 1,230 1,273 More information on the Group\u2019s pension plans is presented in Note 2.6 Employee benefit obligations. Information of management remuneration is presented in Note 6.3 Related party transactions and 6.4 Share-based payments . 2.6 EMPLOYEE BENEFIT OBLIGATIONS
Group\u2019s pension arrangements
The Group operates various pension plans in
accordance with local conditions and practices
in different countries. In the Finnish, Norwegian,
Swedish, Danish and German companies, statutory
pension obligations are arranged through pension
insurance companies, when the plans are defined
contribution plans, and they are managed in
accordance with local legislation and established
practice.
Gift pension and unfunded pension arrangements
In addition to the defined contribution plans, the
Group has a few gift pensions and other unfunded
defined benefit plans for some of the employees in
Norway. On the transition to the defined contribution
plan in Norway, there were individuals who would
be disadvantaged in the event of early retirement
at 65-67 years of age. To compensate for this, it
was agreed to that a gift pension would be paid to
all employees who were affected. As at 31.12.2024,
this pension is linked to 67 active employees and 6
retired former employees (2023: 70 active employees
and 15 retired former employees).
In the actuarial calculated defined benefit
pension plans, the amount of the pension benefit at
retirement is calculated based on salary, years of
service and life expectancy. The Norwegian pension
plans cover only few employees, thus the related
pension liabilities are not material for the Group.
At the end of the reporting period 2024 the total
actuarial calculated defined benefit plan obligations
amounted to EUR 2.6 million (2023: EUR 2.4 million).
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-436": {
"value": "1.6 OTHER OPERATING EXPENSES EUR million 2024 2023 Losses on sales and disposals of property, plant and equipment and intangible assets -0.1 -0.2 Short term, low value and other lease related payments -3.2 -6.6 Marketing expenses -28.3 -28.0 Travel and representation expenses -4.1 -3.9 Consulting and other purchased services -23.6 -27.3 Repair and maintenance expenses -13.7 -14.0 Cars and transport services -7.3 -7.9 Energy expenses -11.7 -11.8 IT expenses -10.8 -10.1 Variable sales expenses -15.2 -14.8 Other expenses -10.1 -9.4 Total -128.3 -134.1 Auditor\u2019s fees included in other operating expenses EUR million 2024 2023 Audit fees -1.3 -1.2 Other fees -0.2 -0.1 Total -1.5 -1.4 The table above presents fees for assurance services on the sustainability report amounting to EUR 0.1 million in line Other fees. 1.7 RESEARCH AND DEVELOPMENT EXPENDITURES Operating result include research and development expenditures amounting to EUR 2.7 million (2023: EUR 2.3 million). The R&D expenditures represent 0.4 % of net sales in 2024 (2023: 0.3%)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-437": {
"value": "Auditor\u2019s fees included in other operating expenses EUR million 2024 2023 Audit fees -1.3 -1.2 Other fees -0.2 -0.1 Total -1.5 -1.4 The table above presents fees for assurance services on the sustainability report amounting to EUR 0.1 million in line Other fees",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-438": {
"value": "1.7 RESEARCH AND DEVELOPMENT EXPENDITURES Operating result include research and development expenditures amounting to EUR 2.7 million (2023: EUR 2.3 million). The R&D expenditures represent 0.4 % of net sales in 2024 (2023: 0.3%).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-439": {
"value": "2 Operative assets and liabilities 2.1 GOODWILL AND OTHER INTANGIBLE ASSETS Intangible assets comprise of goodwill, marketing related intangible assets (trademarks and company brands), customer related intangible assets, software, other intangible assets and prepayments for intangible assets. Accounting policy - Goodwill Goodwill arising on business combinations is recognised as a residual value in the excess of the aggregate of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, over the fair value of the net assets acquired. Goodwill is measured at cost less accumulated impairment losses. Goodwill is not amortised but is tested annually for impairment or more frequently, if the facts and circumstances suggest that carrying value may not be recoverable. At the acquisition date goodwill arising from business combinations is allocated to the cash generating unit (\u2018CGU\u2019) or cash generating units expected to benefit from the synergies of the business combination, irrespective of whether other assets and/or liabilities of the acquiree are assigned to the CGU or CGUs. The CGU or group of CGU\u2019s to which the goodwill is allocated represent the level on which the management monitors the goodwill. Marketing related intangible assets (Trademarks and company brands) The most significant trademarks include for example, Gammel Opland, Aalborg, Gammel Dansk, Lysholm Linie, L\u00f8iten, Hot\u2019n\u2019 Sweet, Xant\u00e9, Blossa, Chill Out, Explorer, 1-Enkelt and Arsenitch. Accounting policy - Marketing related intangible assets Marketing related intangible assets are either arising from business combinations or purchased separately. Marketing related intangible assets that have been acquired in connection with business combinations are capitalised at fair value at the time of the business combination, while separately purchased marketing related intangible assets are capitalised at purchase price. Marketing related intangible assets with definite useful lives are amortised by the straight-line method over the expected useful life. The capitalised value of marketing related intangible assets with indefinite lifetime is tested for impairment at least once a year, or more often if there are indications that the value of the asset has decreased. The estimated useful lives of marketing related intangible assets are as follows: Trademarks with indefinite useful life not amortised Trademarks with definite useful life 10\u201350 years Company Brands with definite useful life 5 years Customer related intangible assets (Customer relations) Customer related intangible assets are arising from business combinations and are capitalised at fair value at the time of the business combination. Customer related intangible assets are amortised by the straight-line method over the expected useful life. The estimated useful lives of customer related intangible assets are as follows: Customer relations 7\u201315 years Accounting policy - Software and other intangible assets Other intangible assets include mainly software. Other intangible assets are recognised in the balance sheet at the original cost and amortised over their estimated useful lives. The costs related to other intangible assets are capitalised if it can be demonstrated that the asset will generate the future economic benefits, the entity controls the asset, and the purchase price can be measured reliably. Configuration and customisation costs relating to cloud computing arrangements that meet the definition of an intangible asset and comply with the capitalisation criteria are capitalised. Configuration and customisation costs for cloud computing arrangements that do not meet the definition of an intangible asset and that are not distinct from the actual cloud computing service are recognised as prepayments in the balance sheet and expensed over the contract period The estimated useful lives of other intangible assets are as follows: IT-development and software 3\u201310 years Expenditure on research activities is recognised in profit or loss in the period in which it is incurred. The Group has no projects related to the development activities of new products or processes qualifying for the identifiability and other criteria regarding capitalisation under IAS 38. Refer to note 6.2 for further information about contractual commitments for acquisitions of intangible assets. Critical estimates and management judgements \u2013 Intangible assets Management judgment and estimates are applied in estimating useful lives for marketing related intangible assets, customer related intangible assets, software and other intangible assets. On initial recognition of marketing related intangible assets, an assessment is made on whether the asset is expected to have definite useful lives or not. In this assessment, the Group gives particular weight to Group\u2019s expected use of the asset, the customary life cycles for the assets of this type, the stability of the sector and the business, and the probability that the Group will succeed in maintaining the asset\u2019s financial lifetime, given the Group\u2019s ability to maintain value. The Group also devotes resources to legal control of these assets in large and important markets. If impairment tests show declining curves over time, the trademark may be written down to higher of estimated value in use and fair value less costs to sell and a new assessment of the trademark\u2019s estimated useful live is performed. If it is estimated after a new assessment that the useful life is no longer indefinite, the trademark is redefined to have a definite useful life, whereby a straight-line amortisation method is applied for the remaining book value over the remaining useful life. Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed . Critical estimates and management judgements \u2013 Impairment testing The preparation of calculations for the impairment testing requires estimates regarding the future. The management\u2019s estimates and related critical uncertainties are related to the components of the recoverable amount calculation, and key assumptions are discount rate (WACC), future cash flows (including estimates for future revenues, gross profit, EBITDA, capex), growth rates both during forecast period and for terminal value. The WACC reflects current assessments of the time value of money and relevant market risk premiums reflecting risks and uncertainties for which the future cash flow estimates have not been adjusted. Impairment testing - Goodwill The Group\u2019s three operating segments are considered to form the cash generating units (CGU) and represent the lowest level at which goodwill is monitored. There have not been any changes to the segment level allocation of goodwill, and a summary of goodwill allocation is presented in the following table The forecast period applied for the calculations for both goodwill and brands covers five years, beyond which the cash flow projections are extrapolated using a constant CGU specific long-term growth rate estimate (terminal value). The cash flow estimates used are based on CGU- specific forecasts approved by the Group\u2019s Audit Committee and Board of Directors. The growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. In general, growth rates used are lower than Euromonitor\u2019s estimated market development, aligning the industry expectations with Anora\u2019s recent market share trends. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year . Sensitivity analysis Management has assessed that no reasonably possible change in any of the key assumptions for Spirits CGU would cause the tested unit\u2019s recoverable amount to decrease to be lower than its\u2019 carrying amount. The defined recoverable amount of CGU Wine also exceeded the carrying amount of the unit in the annual impairment test and it also passed the sensitivity analysis with changes to key assumptions as presented in the following table. The changes in the basic assumptions shall not be seen as an indication that these factors are likely to materialise. The sensitivity analyses are hypothetical and should therefore be treated with caution . A Due to the Wine CGUs lower than expected performance continuing in 2024, additional analyses were prepared by the Group. The analyses showed that lowering the EBITDA by more than -29% for the whole forecasting period and terminal value would have an adverse impact on the valuation of the Wine CGU resulting in impairments. Also, a combination of reducing the EBITDA by more than -18% together with an increase of + 1 %pt in WACC would likewise have an adverse impact on the valuation of the Wine CGU. Key assumptions used in this additional analysis was otherwise equal to the actual impairment test. Impairment testing \u2013 Trademarks At the end of 2024, all of the Group\u2019s trademarks with indefinite useful lives were related to Spirits segment. The carrying amount of these assets amounted to EUR 124.5 million (2023: EUR 128.3 million). Most of the trademarks within Spirits business are trademarks that have existed for several decades, and some have existed for several hundred years. There were no significant changes in useful lives of the existing assets during 2024. The cash generating unit for impairment testing of marketing related intangible assets is the trademark itself. The recoverable amount for trademarks is calculated on the basis of relief from royalty method after taxes whereby the brand\u2019s annual royalty rate is considered to be the expected long-term profit that the individual trademarks are expected to have. Impairment tests are made for trademarks with indefinite useful life and useful life of 50 years. Cash flow estimates used are discounted using a post-tax discount rate specific for the country where each brand is predominantly sold In the same way as for Goodwill, the growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year. The majority of the trademarks show significant headroom and no indication of impairment in the impairment tests made. The estimated recoverable amounts for two of the trademarks also exceeded the carrying amount of the brands in the annual impairment tests, but negative changes in key assumptions could lead to impairment. For these two trademarks with book value of EUR 27.0 million (27.1% of total book value of brands tested), increasing the discount rate by +1 %pt or decreasing the royalty rate by -5 % would have an adverse impact on the valuation of the brand leading to partial impairment. The trademarks showing negative headroom in the sensitivity analysis have experienced a slightly negative development over the last year, and several measures, including separate brand strategies, have been implemented to strengthen the brands\u2019 value. Performed impairment test supports the trademark\u2019s value based on the assumptions available about the future. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-440": {
"value": "2.1 GOODWILL AND OTHER INTANGIBLE
ASSETS
Intangible assets comprise of goodwill, marketing
related intangible assets (trademarks and company
brands), customer related intangible assets,
software, other intangible assets and prepayments
for intangible assets.
Accounting policy - Goodwill
Goodwill arising on business combinations is
recognised as a residual value in the excess of
the aggregate of the consideration transferred,
the amount of non-controlling interests and any
previously held equity interest in the acquiree,
over the fair value of the net assets acquired.
Goodwill is measured at cost less accumulated
impairment losses. Goodwill is not amortised
but is tested annually for impairment or more
frequently, if the facts and circumstances
suggest that carrying value may not be
recoverable.
At the acquisition date goodwill arising from
business combinations is allocated to the cash
generating unit (\u2018CGU\u2019) or cash generating units
expected to benefit from the synergies of the
business combination, irrespective of whether
other assets and/or liabilities of the acquiree
are assigned to the CGU or CGUs. The CGU or
group of CGU\u2019s to which the goodwill is allocated
represent the level on which the management
monitors the goodwill.
GOODWILL AND OTHER INTANGIBLE ASSETS EUR million Goodwill Trademarks and customer relations Software and other intangible assets Prepayments Other intangible assets total Acquisition cost at 1 January 2024 339.8 305.4 41.9 1.3 348.7 Additions - 1.8 0.3 1.8 3.9 Disposals 0.0 -0.4 -0.2 - -0.6 Effect of movement in exchange rates -10.1 -7.4 -0.5 - -7.9 Transfers between items - 0.0 2.2 -2.2 0.0 Acquisition cost at 31 December 2024 329.7 299.5 43.6 0.9 344.0 Accumulated amortisation and impairment losses at 1 January 2024 -35.5 -105.3 -37.0 - -142.3 Amortisation - -8.6 -2.0 - -10.6 Accumulated amortisation on disposals and transfers - 0.4 0.1 - 0.5 Effect of movement in exchange rates 4.9 2.0 0.5 - 2.5 Accumulated amortisation and impairment losses at 31 December 2024 -30.6 -111.6 -38.3 - -149.9 Carrying amount at 1 January 2024 304.3 200.1 4.9 1.3 206.3 CARRYING AMOUNT AT 31 DECEMBER 2024 299.1 187.9 5.3 0.9 194.1 Acquisition cost at 1 January 2023 353.3 330.9 41.5 2.1 374.4 Additions - 0.1 0.3 2.6 2.9 Disposals -2.8 -16.1 -2.4 - -18.4 Effect of movement in exchange rates -10.7 -9.4 -0.9 - -10.3 Transfers between items - -0.1 3.4 -3.3 0.0 Acquisition cost at 31 December 2023 339.8 305.4 41.9 1.3 348.7 Accumulated amortisation and impairment losses at 1 January 2023 -42.8 -111.3 -37.0 - -148.3 Amortisation - -8.9 -2.3 - -11.2 Impairment losses - - -0.8 - -0.8 Accumulated amortisation on disposals and transfers 0.0 13.9 2.2 - 16.1 Effect of movement in exchange rates 7.3 1.1 0.8 - 1.8 Accumulated amortisation and impairment losses at 31 December 2023 -35.5 -105.3 -37.0 - -142.3 Carrying amount at 1 January 2023 310.5 219.5 4.6 2.1 226.1 CARRYING AMOUNT AT 31 DECEMBER 2023 304.3 200.1 4.9 1.3 206.3 Additions during the year 2024 include amongst other purchase of the Blomberg gl\u00f6gg brand Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed . Critical estimates and management judgements \u2013 Impairment testing The preparation of calculations for the impairment testing requires estimates regarding the future. The management\u2019s estimates and related critical uncertainties are related to the components of the recoverable amount calculation, and key assumptions are discount rate (WACC), future cash flows (including estimates for future revenues, gross profit, EBITDA, capex), growth rates both during forecast period and for terminal value. The WACC reflects current assessments of the time value of money and relevant market risk premiums reflecting risks and uncertainties for which the future cash flow estimates have not been adjusted. Impairment testing - Goodwill The Group\u2019s three operating segments are considered to form the cash generating units (CGU) and represent the lowest level at which goodwill is monitored. There have not been any changes to the segment level allocation of goodwill, and a summary of goodwill allocation is presented in the following table . EUR million 2024 % 2023 % Wine 103.7 34.7% 105.4 34.6% Spirits 195.4 65.3% 198.9 65.4% Total 299.1 100.0% 304.3 100.0% The forecast period applied for the calculations for both goodwill and brands covers five years, beyond which the cash flow projections are extrapolated using a constant CGU specific long-term growth rate estimate (terminal value). The cash flow estimates used are based on CGU- specific forecasts approved by the Group\u2019s Audit Committee and Board of Directors. The growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. In general, growth rates used are lower than Euromonitor\u2019s estimated market development, aligning the industry expectations with Anora\u2019s recent market share trends. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year . Key assumptions for CGU\u2019s with significant goodwill allocated to them % 2024 2023 Spirits Wine Spirits Wine EBITDA margin (%) 16.6% 7.3% 16.6% 7.0% Pre-tax discount rate - WACC (%) 7.2% 7.0% 8.6% 8.2% Long-term growth rate (Terminal value, %) 2.0% 2.0% 2.0% 2.0% Sensitivity analysis Management has assessed that no reasonably possible change in any of the key assumptions for Spirits CGU would cause the tested unit\u2019s recoverable amount to decrease to be lower than its\u2019 carrying amount. The defined recoverable amount of CGU Wine also exceeded the carrying amount of the unit in the annual impairment test and it also passed the sensitivity analysis with changes to key assumptions as presented in the following table. The changes in the basic assumptions shall not be seen as an indication that these factors are likely to materialise. The sensitivity analyses are hypothetical and should therefore be treated with caution . Recoverable amounts and headroom for CGU\u2019s with significant goodwill allocated to them 2024 2023 EUR million Spirits Wine Spirits Wine Net Asset Values 322.2 235.0 331.3 229.3 Recoverable amount 766.0 389.0 687.3 372.3 Headroom 443.8 154.0 356.0 143.0 Sensitivity 1 - Change in discount rate (+1%pt) 296.0 73.8 246.3 78.6 Sensitivity 2 - Change in EBITDA (-10%) 367.0 101.4 287.7 97.5 Sensitivity 3 - Change in long-term growth (-1%pt) 321.6 86.7 N/A N/ A Due to the Wine CGUs lower than expected performance continuing in 2024, additional analyses were prepared by the Group. The analyses showed that lowering the EBITDA by more than -29% for the whole forecasting period and terminal value would have an adverse impact on the valuation of the Wine CGU resulting in impairments. Also, a combination of reducing the EBITDA by more than -18% together with an increase of + 1 %pt in WACC would likewise have an adverse impact on the valuation of the Wine CGU. Key assumptions used in this additional analysis was otherwise equal to the actual impairment test. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-441": {
"value": "2.1 GOODWILL AND OTHER INTANGIBLE ASSETS Intangible assets comprise of goodwill, marketing related intangible assets (trademarks and company brands), customer related intangible assets, software, other intangible assets and prepayments for intangible assets. Accounting policy - Goodwill Goodwill arising on business combinations is recognised as a residual value in the excess of the aggregate of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, over the fair value of the net assets acquired. Goodwill is measured at cost less accumulated impairment losses. Goodwill is not amortised but is tested annually for impairment or more frequently, if the facts and circumstances suggest that carrying value may not be recoverable. At the acquisition date goodwill arising from business combinations is allocated to the cash generating unit (\u2018CGU\u2019) or cash generating units expected to benefit from the synergies of the business combination, irrespective of whether other assets and/or liabilities of the acquiree are assigned to the CGU or CGUs. The CGU or group of CGU\u2019s to which the goodwill is allocated represent the level on which the management monitors the goodwill. Marketing related intangible assets (Trademarks and company brands) The most significant trademarks include for example, Gammel Opland, Aalborg, Gammel Dansk, Lysholm Linie, L\u00f8iten, Hot\u2019n\u2019 Sweet, Xant\u00e9, Blossa, Chill Out, Explorer, 1-Enkelt and Arsenitch. Accounting policy - Marketing related intangible assets Marketing related intangible assets are either arising from business combinations or purchased separately. Marketing related intangible assets that have been acquired in connection with business combinations are capitalised at fair value at the time of the business combination, while separately purchased marketing related intangible assets are capitalised at purchase price. Marketing related intangible assets with definite useful lives are amortised by the straight-line method over the expected useful life. The capitalised value of marketing related intangible assets with indefinite lifetime is tested for impairment at least once a year, or more often if there are indications that the value of the asset has decreased. The estimated useful lives of marketing related intangible assets are as follows: Trademarks with indefinite useful life not amortised Trademarks with definite useful life 10\u201350 years Company Brands with definite useful life 5 years Customer related intangible assets (Customer relations) Customer related intangible assets are arising from business combinations and are capitalised at fair value at the time of the business combination. Customer related intangible assets are amortised by the straight-line method over the expected useful life. The estimated useful lives of customer related intangible assets are as follows: Customer relations 7\u201315 years Accounting policy - Software and other intangible assets Other intangible assets include mainly software. Other intangible assets are recognised in the balance sheet at the original cost and amortised over their estimated useful lives. The costs related to other intangible assets are capitalised if it can be demonstrated that the asset will generate the future economic benefits, the entity controls the asset, and the purchase price can be measured reliably. Configuration and customisation costs relating to cloud computing arrangements that meet the definition of an intangible asset and comply with the capitalisation criteria are capitalised. Configuration and customisation costs for cloud computing arrangements that do not meet the definition of an intangible asset and that are not distinct from the actual cloud computing service are recognised as prepayments in the balance sheet and expensed over the contract period The estimated useful lives of other intangible assets are as follows: IT-development and software 3\u201310 years Expenditure on research activities is recognised in profit or loss in the period in which it is incurred. The Group has no projects related to the development activities of new products or processes qualifying for the identifiability and other criteria regarding capitalisation under IAS 38. Refer to note 6.2 for further information about contractual commitments for acquisitions of intangible assets. Critical estimates and management judgements \u2013 Intangible assets Management judgment and estimates are applied in estimating useful lives for marketing related intangible assets, customer related intangible assets, software and other intangible assets. On initial recognition of marketing related intangible assets, an assessment is made on whether the asset is expected to have definite useful lives or not. In this assessment, the Group gives particular weight to Group\u2019s expected use of the asset, the customary life cycles for the assets of this type, the stability of the sector and the business, and the probability that the Group will succeed in maintaining the asset\u2019s financial lifetime, given the Group\u2019s ability to maintain value. The Group also devotes resources to legal GOODWILL AND OTHER INTANGIBLE ASSETS EUR million Goodwill Trademarks and customer relations Software and other intangible assets Prepayments Other intangible assets total Acquisition cost at 1 January 2024 339.8 305.4 41.9 1.3 348.7 Additions - 1.8 0.3 1.8 3.9 Disposals 0.0 -0.4 -0.2 - -0.6 Effect of movement in exchange rates -10.1 -7.4 -0.5 - -7.9 Transfers between items - 0.0 2.2 -2.2 0.0 Acquisition cost at 31 December 2024 329.7 299.5 43.6 0.9 344.0 Accumulated amortisation and impairment losses at 1 January 2024 -35.5 -105.3 -37.0 - -142.3 Amortisation - -8.6 -2.0 - -10.6 Accumulated amortisation on disposals and transfers - 0.4 0.1 - 0.5 Effect of movement in exchange rates 4.9 2.0 0.5 - 2.5 Accumulated amortisation and impairment losses at 31 December 2024 -30.6 -111.6 -38.3 - -149.9 Carrying amount at 1 January 2024 304.3 200.1 4.9 1.3 206.3 CARRYING AMOUNT AT 31 DECEMBER 2024 299.1 187.9 5.3 0.9 194.1 Acquisition cost at 1 January 2023 353.3 330.9 41.5 2.1 374.4 Additions - 0.1 0.3 2.6 2.9 Disposals -2.8 -16.1 -2.4 - -18.4 Effect of movement in exchange rates -10.7 -9.4 -0.9 - -10.3 Transfers between items - -0.1 3.4 -3.3 0.0 Acquisition cost at 31 December 2023 339.8 305.4 41.9 1.3 348.7 Accumulated amortisation and impairment losses at 1 January 2023 -42.8 -111.3 -37.0 - -148.3 Amortisation - -8.9 -2.3 - -11.2 Impairment losses - - -0.8 - -0.8 Accumulated amortisation on disposals and transfers 0.0 13.9 2.2 - 16.1 Effect of movement in exchange rates 7.3 1.1 0.8 - 1.8 Accumulated amortisation and impairment losses at 31 December 2023 -35.5 -105.3 -37.0 - -142.3 Carrying amount at 1 January 2023 310.5 219.5 4.6 2.1 226.1 CARRYING AMOUNT AT 31 DECEMBER 2023 304.3 200.1 4.9 1.3 206.3 Additions during the year 2024 include amongst other purchase of the Blomberg gl\u00f6gg brand control of these assets in large and important markets. If impairment tests show declining curves over time, the trademark may be written down to higher of estimated value in use and fair value less costs to sell and a new assessment of the trademark\u2019s estimated useful live is performed. If it is estimated after a new assessment that the useful life is no longer indefinite, the trademark is redefined to have a definite useful life, whereby a straight-line amortisation method is applied for the remaining book value over the remaining useful life. Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed . Critical estimates and management judgements \u2013 Impairment testing The preparation of calculations for the impairment testing requires estimates regarding the future. The management\u2019s estimates and related critical uncertainties are related to the components of the recoverable amount calculation, and key assumptions are discount rate (WACC), future cash flows (including estimates for future revenues, gross profit, EBITDA, capex), growth rates both during forecast period and for terminal value. The WACC reflects current assessments of the time value of money and relevant market risk premiums reflecting risks and uncertainties for which the future cash flow estimates have not been adjusted. Impairment testing - Goodwill The Group\u2019s three operating segments are considered to form the cash generating units (CGU) and represent the lowest level at which goodwill is monitored. There have not been any changes to the segment level allocation of goodwill, and a summary of goodwill allocation is presented in the following table . EUR million 2024 % 2023 % Wine 103.7 34.7% 105.4 34.6% Spirits 195.4 65.3% 198.9 65.4% Total 299.1 100.0% 304.3 100.0% The forecast period applied for the calculations for both goodwill and brands covers five years, beyond which the cash flow projections are extrapolated using a constant CGU specific long-term growth rate estimate (terminal value). The cash flow estimates used are based on CGU- specific forecasts approved by the Group\u2019s Audit Committee and Board of Directors. The growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. In general, growth rates used are lower than Euromonitor\u2019s estimated market development, aligning the industry expectations with Anora\u2019s recent market share trends. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year . Key assumptions for CGU\u2019s with significant goodwill allocated to them % 2024 2023 Spirits Wine Spirits Wine EBITDA margin (%) 16.6% 7.3% 16.6% 7.0% Pre-tax discount rate - WACC (%) 7.2% 7.0% 8.6% 8.2% Long-term growth rate (Terminal value, %) 2.0% 2.0% 2.0% 2.0% Sensitivity analysis Management has assessed that no reasonably possible change in any of the key assumptions for Spirits CGU would cause the tested unit\u2019s recoverable amount to decrease to be lower than its\u2019 carrying amount. The defined recoverable amount of CGU Wine also exceeded the carrying amount of the unit in the annual impairment test and it also passed the sensitivity analysis with changes to key assumptions as presented in the following table. The changes in the basic assumptions shall not be seen as an indication that these factors are likely to materialise. The sensitivity analyses are hypothetical and should therefore be treated with caution . Recoverable amounts and headroom for CGU\u2019s with significant goodwill allocated to them 2024 2023 EUR million Spirits Wine Spirits Wine Net Asset Values 322.2 235.0 331.3 229.3 Recoverable amount 766.0 389.0 687.3 372.3 Headroom 443.8 154.0 356.0 143.0 Sensitivity 1 - Change in discount rate (+1%pt) 296.0 73.8 246.3 78.6 Sensitivity 2 - Change in EBITDA (-10%) 367.0 101.4 287.7 97.5 Sensitivity 3 - Change in long-term growth (-1%pt) 321.6 86.7 N/A N/ A Due to the Wine CGUs lower than expected performance continuing in 2024, additional analyses were prepared by the Group. The analyses showed that lowering the EBITDA by more than -29% for the whole forecasting period and terminal value would have an adverse impact on the valuation of the Wine CGU resulting in impairments. Also, a combination of reducing the EBITDA by more than -18% together with an increase of + 1 %pt in WACC would likewise have an adverse impact on the valuation of the Wine CGU. Key assumptions used in this additional analysis was otherwise equal to the actual impairment test. Impairment testing \u2013 Trademarks At the end of 2024, all of the Group\u2019s trademarks with indefinite useful lives were related to Spirits segment. The carrying amount of these assets amounted to EUR 124.5 million (2023: EUR 128.3 million). Most of the trademarks within Spirits business are trademarks that have existed for several decades, and some have existed for several hundred years. There were no significant changes in useful lives of the existing assets during 2024. The cash generating unit for impairment testing of marketing related intangible assets is the trademark itself. The recoverable amount for trademarks is calculated on the basis of relief from royalty method after taxes whereby the brand\u2019s annual royalty rate is considered to be the expected long-term profit that the individual trademarks are expected to have. Impairment tests are made for trademarks with indefinite useful life and useful life of 50 years. Cash flow estimates used are discounted using a post-tax discount rate specific for the country where each brand is predominantly sold . Key assumptions for Brands with indefinite useful life or useful life of 50 years % 2024 2023 Nor- wegian Danish Nor- wegian Danish Post-tax discount rate - WACC (%) 6.4 % 5.5 % 7.3 % 6.5 % In the same way as for Goodwill, the growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year. The majority of the trademarks show significant headroom and no indication of impairment in the impairment tests made. The estimated recoverable amounts for two of the trademarks also exceeded the carrying amount of the brands in the annual impairment tests, but negative changes in key assumptions could lead to impairment. For these two trademarks with book value of EUR 27.0 million (27.1% of total book value of brands tested), increasing the discount rate by +1 %pt or decreasing the royalty rate by -5 % would have an adverse impact on the valuation of the brand leading to partial impairment. The trademarks showing negative headroom in the sensitivity analysis have experienced a slightly negative development over the last year, and several measures, including separate brand strategies, have been implemented to strengthen the brands\u2019 value. Performed impairment test supports the trademark\u2019s value based on the assumptions available about the future. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-442": {
"value": "2.1 GOODWILL AND OTHER INTANGIBLE ASSETS Intangible assets comprise of goodwill, marketing related intangible assets (trademarks and company brands), customer related intangible assets, software, other intangible assets and prepayments for intangible assets. Accounting policy - Goodwill Goodwill arising on business combinations is recognised as a residual value in the excess of the aggregate of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, over the fair value of the net assets acquired. Goodwill is measured at cost less accumulated impairment losses. Goodwill is not amortised but is tested annually for impairment or more frequently, if the facts and circumstances suggest that carrying value may not be recoverable. At the acquisition date goodwill arising from business combinations is allocated to the cash generating unit (\u2018CGU\u2019) or cash generating units expected to benefit from the synergies of the business combination, irrespective of whether other assets and/or liabilities of the acquiree are assigned to the CGU or CGUs. The CGU or group of CGU\u2019s to which the goodwill is allocated represent the level on which the management monitors the goodwill. Marketing related intangible assets (Trademarks and company brands) The most significant trademarks include for example, Gammel Opland, Aalborg, Gammel Dansk, Lysholm Linie, L\u00f8iten, Hot\u2019n\u2019 Sweet, Xant\u00e9, Blossa, Chill Out, Explorer, 1-Enkelt and Arsenitch. Accounting policy - Marketing related intangible assets Marketing related intangible assets are either arising from business combinations or purchased separately. Marketing related intangible assets that have been acquired in connection with business combinations are capitalised at fair value at the time of the business combination, while separately purchased marketing related intangible assets are capitalised at purchase price. Marketing related intangible assets with definite useful lives are amortised by the straight-line method over the expected useful life. The capitalised value of marketing related intangible assets with indefinite lifetime is tested for impairment at least once a year, or more often if there are indications that the value of the asset has decreased. The estimated useful lives of marketing related intangible assets are as follows: Trademarks with indefinite useful life not amortised Trademarks with definite useful life 10\u201350 years Company Brands with definite useful life 5 years Customer related intangible assets (Customer relations) Customer related intangible assets are arising from business combinations and are capitalised at fair value at the time of the business combination. Customer related intangible assets are amortised by the straight-line method over the expected useful life. The estimated useful lives of customer related intangible assets are as follows: Customer relations 7\u201315 years Accounting policy - Software and other intangible assets Other intangible assets include mainly software. Other intangible assets are recognised in the balance sheet at the original cost and amortised over their estimated useful lives. The costs related to other intangible assets are capitalised if it can be demonstrated that the asset will generate the future economic benefits, the entity controls the asset, and the purchase price can be measured reliably. Configuration and customisation costs relating to cloud computing arrangements that meet the definition of an intangible asset and comply with the capitalisation criteria are capitalised. Configuration and customisation costs for cloud computing arrangements that do not meet the definition of an intangible asset and that are not distinct from the actual cloud computing service are recognised as prepayments in the balance sheet and expensed over the contract period The estimated useful lives of other intangible
assets are as follows:
IT-development and software 3\u201310 years
Expenditure on research activities is recognised
in profit or loss in the period in which it is
incurred. The Group has no projects related to
the development activities of new products or
processes qualifying for the identifiability and
other criteria regarding capitalisation under IAS
38.
Refer to note 6.2 for further information about
contractual commitments for acquisitions of
intangible assets.
Critical estimates and management
judgements \u2013 Intangible assets
Management judgment and estimates are
applied in estimating useful lives for marketing
related intangible assets, customer related
intangible assets, software and other intangible
assets.
On initial recognition of marketing related
intangible assets, an assessment is made on
whether the asset is expected to have definite
useful lives or not. In this assessment, the Group
gives particular weight to Group\u2019s expected use
of the asset, the customary life cycles for the
assets of this type, the stability of the sector and
the business, and the probability that the Group
will succeed in maintaining the asset\u2019s financial
lifetime, given the Group\u2019s ability to maintain
value. The Group also devotes resources to legal
GOODWILL AND OTHER INTANGIBLE ASSETS
EUR million Goodwill
Trademarks
and customer
relations
Software and other
intangible assets Prepayments
Other intangible
assets total
Acquisition cost at 1 January 2024 339.8 305.4 41.9 1.3 348.7
Additions - 1.8 0.3 1.8 3.9
Disposals 0.0 -0.4 -0.2 - -0.6
Effect of movement in exchange rates -10.1 -7.4 -0.5 - -7.9
Transfers between items - 0.0 2.2 -2.2 0.0
Acquisition cost at 31 December 2024 329.7 299.5 43.6 0.9 344.0
Accumulated amortisation and impairment losses at
1 January 2024 -35.5 -105.3 -37.0 - -142.3
Amortisation - -8.6 -2.0 - -10.6
Accumulated amortisation on disposals and
transfers - 0.4 0.1 - 0.5
Effect of movement in exchange rates 4.9 2.0 0.5 - 2.5
Accumulated amortisation and impairment losses
at 31 December 2024 -30.6 -111.6 -38.3 - -149.9
Carrying amount at 1 January 2024 304.3 200.1 4.9 1.3 206.3
CARRYING AMOUNT AT 31 DECEMBER 2024 299.1 187.9 5.3 0.9 194.1
Acquisition cost at 1 January 2023 353.3 330.9 41.5 2.1 374.4
Additions - 0.1 0.3 2.6 2.9
Disposals -2.8 -16.1 -2.4 - -18.4
Effect of movement in exchange rates -10.7 -9.4 -0.9 - -10.3
Transfers between items - -0.1 3.4 -3.3 0.0
Acquisition cost at 31 December 2023 339.8 305.4 41.9 1.3 348.7
Accumulated amortisation and impairment losses at
1 January 2023 -42.8 -111.3 -37.0 - -148.3
Amortisation - -8.9 -2.3 - -11.2
Impairment losses - - -0.8 - -0.8
Accumulated amortisation on disposals and
transfers 0.0 13.9 2.2 - 16.1
Effect of movement in exchange rates 7.3 1.1 0.8 - 1.8
Accumulated amortisation and impairment losses
at 31 December 2023 -35.5 -105.3 -37.0 - -142.3
Carrying amount at 1 January 2023 310.5 219.5 4.6 2.1 226.1
CARRYING AMOUNT AT 31 DECEMBER 2023 304.3 200.1 4.9 1.3 206.3
Additions during the year 2024 include amongst other purchase of the Blomberg gl\u00f6gg brand .
control of these assets in large and important
markets.
If impairment tests show declining curves over
time, the trademark may be written down to
higher of estimated value in use and fair value
less costs to sell and a new assessment of the
trademark\u2019s estimated useful live is performed.
If it is estimated after a new assessment that the
useful life is no longer indefinite, the trademark is
redefined to have a definite useful life, whereby
a straight-line amortisation method is applied
for the remaining book value over the remaining
useful life.
Accounting policy - Impairment testing
Book value of assets is assessed to determine
whether there is any impairment at least at the
end of each financial year. If any evidence of
impairment emerges (a triggering event), the assets\u2019
recoverable amount is estimated. The recoverable
amount is the higher of an asset\u2019s or CGU\u2019s fair value
less costs to sell and value in use. An impairment
loss is recognised if the carrying amount of an asset
exceeds its recoverable amount. The impairment
loss is immediately recognised in profit or loss and
the estimated useful life of the asset in question is
reassessed when an impairment loss is recognised.
The impairment loss is reversed if there has
been such a positive change in the estimates
used to determine the recoverable amount of the
asset or cash-generating unit, that recoverable
amount of the asset will increase the book value
of asset. Impairment losses are only reversed to
the extent that the asset\u2019s carrying amount does
not exceed the carrying amount that would have
been determined if no impairment loss had been
recognised. An impairment loss on goodwill is never
reversed .
Critical estimates and management
judgements \u2013 Impairment testing
The preparation of calculations for the
impairment testing requires estimates regarding
the future. The management\u2019s estimates and
related critical uncertainties are related to
the components of the recoverable amount
calculation, and key assumptions are discount
rate (WACC), future cash flows (including
estimates for future revenues, gross profit,
EBITDA, capex), growth rates both during forecast
period and for terminal value. The WACC reflects
current assessments of the time value of money
and relevant market risk premiums reflecting
risks and uncertainties for which the future cash
flow estimates have not been adjusted.
Impairment testing - Goodwill
The Group\u2019s three operating segments are
considered to form the cash generating units (CGU)
and represent the lowest level at which goodwill is
monitored. There have not been any changes to the
segment level allocation of goodwill, and a summary
of goodwill allocation is presented in the following
table .
EUR million 2024 % 2023 %
Wine 103.7 34.7% 105.4 34.6%
Spirits 195.4 65.3% 198.9 65.4%
Total 299.1 100.0% 304.3 100.0%
The forecast period applied for the calculations for
both goodwill and brands covers five years, beyond
which the cash flow projections are extrapolated
using a constant CGU specific long-term growth rate
estimate (terminal value).
The cash flow estimates used are based on CGU-
specific forecasts approved by the Group\u2019s Audit
Committee and Board of Directors. The growth rate
applied for the five years is 3.0% which is based on
a combination of past performances, Euromonitor\u2019s
estimation for trends related to market development
and management\u2019s expectations of Anora\u2019s
business development. In general, growth rates
used are lower than Euromonitor\u2019s estimated market
development, aligning the industry expectations with
Anora\u2019s recent market share trends.
The annual growth applied for the terminal value
is 2.0%, in line with growth rate corresponding to
European Central Bank\u2019s long-term inflation target.
The terminal value growth rate used is unchanged
from previous year .
Key assumptions for CGU\u2019s with significant
goodwill allocated to them
%
2024 2023
Spirits Wine Spirits Wine
EBITDA margin (%) 16.6% 7.3% 16.6% 7.0%
Pre-tax discount rate -
WACC (%) 7.2% 7.0% 8.6% 8.2%
Long-term growth rate
(Terminal value, %) 2.0% 2.0% 2.0% 2.0%
Sensitivity analysis
Management has assessed that no reasonably
possible change in any of the key assumptions
for Spirits CGU would cause the tested unit\u2019s
recoverable amount to decrease to be lower than its\u2019
carrying amount. The defined recoverable amount
of CGU Wine also exceeded the carrying amount of
the unit in the annual impairment test and it also
passed the sensitivity analysis with changes to key
assumptions as presented in the following table.
The changes in the basic assumptions shall not be
seen as an indication that these factors are likely to
materialise. The sensitivity analyses are hypothetical
and should therefore be treated with caution .
Recoverable amounts and headroom for CGU\u2019s
with significant goodwill allocated to them
2024 2023
EUR million Spirits Wine Spirits Wine
Net Asset Values 322.2 235.0 331.3 229.3
Recoverable amount 766.0 389.0 687.3 372.3
Headroom 443.8 154.0 356.0 143.0
Sensitivity 1 - Change in
discount rate (+1%pt) 296.0 73.8 246.3 78.6
Sensitivity 2 - Change in
EBITDA (-10%) 367.0 101.4 287.7 97.5
Sensitivity 3 - Change
in long-term growth
(-1%pt) 321.6 86.7 N/A N/ A
Due to the Wine CGUs lower than expected
performance continuing in 2024, additional analyses
were prepared by the Group. The analyses showed
that lowering the EBITDA by more than -29% for the
whole forecasting period and terminal value would
have an adverse impact on the valuation of the Wine
CGU resulting in impairments. Also, a combination of
reducing the EBITDA by more than -18% together with
an increase of + 1 %pt in WACC would likewise have
an adverse impact on the valuation of the Wine CGU.
Key assumptions used in this additional analysis was
otherwise equal to the actual impairment test.
Impairment testing \u2013 Trademarks
At the end of 2024, all of the Group\u2019s trademarks with
indefinite useful lives were related to Spirits segment.
The carrying amount of these assets amounted to
EUR 124.5 million (2023: EUR 128.3 million). Most of the
trademarks within Spirits business are trademarks
that have existed for several decades, and some
have existed for several hundred years. There were
no significant changes in useful lives of the existing
assets during 2024.
The cash generating unit for impairment testing of
marketing related intangible assets is the trademark
itself. The recoverable amount for trademarks is
calculated on the basis of relief from royalty method
after taxes whereby the brand\u2019s annual royalty rate
is considered to be the expected long-term profit
that the individual trademarks are expected to have.
Impairment tests are made for trademarks with
indefinite useful life and useful life of 50 years. Cash
flow estimates used are discounted using a post-tax
discount rate specific for the country where each
brand is predominantly sold .
Key assumptions for Brands with indefinite useful
life or useful life of 50 years
%
2024 2023
Nor-
wegian Danish
Nor-
wegian Danish
Post-tax discount rate -
WACC (%) 6.4 % 5.5 % 7.3 % 6.5 %
In the same way as for Goodwill, the growth rate
applied for the five years is 3.0% which is based on
a combination of past performances, Euromonitor\u2019s
estimation for trends related to market development
and management\u2019s expectations of Anora\u2019s
business development. The annual growth applied
for the terminal value is 2.0%, in line with growth rate
corresponding to European Central Bank\u2019s long-term
inflation target. The terminal value growth rate used
is unchanged from previous year.
The majority of the trademarks show significant
headroom and no indication of impairment in the
impairment tests made. The estimated recoverable
amounts for two of the trademarks also exceeded
the carrying amount of the brands in the annual
impairment tests, but negative changes in key
assumptions could lead to impairment. For these two
trademarks with book value of EUR 27.0 million (27.1%
of total book value of brands tested), increasing the
discount rate by +1 %pt or decreasing the royalty
rate by -5 % would have an adverse impact on the
valuation of the brand leading to partial impairment.
The trademarks showing negative headroom in
the sensitivity analysis have experienced a slightly
negative development over the last year, and several
measures, including separate brand strategies, have
been implemented to strengthen the brands\u2019 value.
Performed impairment test supports the trademark\u2019s
value based on the assumptions available about the
future.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-443": {
"value": "Accounting policy - Goodwill Goodwill arising on business combinations is recognised as a residual value in the excess of the aggregate of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, over the fair value of the net assets acquired. Goodwill is measured at cost less accumulated impairment losses. Goodwill is not amortised but is tested annually for impairment or more frequently, if the facts and circumstances suggest that carrying value may not be recoverable. At the acquisition date goodwill arising from business combinations is allocated to the cash generating unit (\u2018CGU\u2019) or cash generating units expected to benefit from the synergies of the business combination, irrespective of whether other assets and/or liabilities of the acquiree are assigned to the CGU or CGUs. The CGU or group of CGU\u2019s to which the goodwill is allocated represent the level on which the management monitors the goodwill. Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-444": {
"value": "Marketing related intangible assets (Trademarks and company brands) The most significant trademarks include for example, Gammel Opland, Aalborg, Gammel Dansk, Lysholm Linie, L\u00f8iten, Hot\u2019n\u2019 Sweet, Xant\u00e9, Blossa, Chill Out, Explorer, 1-Enkelt and Arsenitch. Accounting policy - Marketing related intangible assets Marketing related intangible assets are either arising from business combinations or purchased separately. Marketing related intangible assets that have been acquired in connection with business combinations are capitalised at fair value at the time of the business combination, while separately purchased marketing related intangible assets are capitalised at purchase price. Marketing related intangible assets with definite useful lives are amortised by the straight-line method over the expected useful life. The capitalised value of marketing related intangible assets with indefinite lifetime is tested for impairment at least once a year, or more often if there are indications that the value of the asset has decreased. The estimated useful lives of marketing related intangible assets are as follows: Trademarks with indefinite useful life not amortised Trademarks with definite useful life 10\u201350 years Company Brands with definite useful life 5 years Customer related intangible assets (Customer relations) Customer related intangible assets are arising from business combinations and are capitalised at fair value at the time of the business combination. Customer related intangible assets are amortised by the straight-line method over the expected useful life. The estimated useful lives of customer related intangible assets are as follows: Customer relations 7\u201315 years Accounting policy - Software and other intangible assets Other intangible assets include mainly software. Other intangible assets are recognised in the balance sheet at the original cost and amortised over their estimated useful lives. The costs related to other intangible assets are capitalised if it can be demonstrated that the asset will generate the future economic benefits, the entity controls the asset, and the purchase price can be measured reliably. Configuration and customisation costs relating to cloud computing arrangements that meet the definition of an intangible asset and comply with the capitalisation criteria are capitalised. Configuration and customisation costs for cloud computing arrangements that do not meet the definition of an intangible asset and that are not distinct from the actual cloud computing service are recognised as prepayments in the balance sheet and expensed over the contract period The estimated useful lives of other intangible assets are as follows: IT-development and software 3\u201310 years Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-445": {
"value": "Marketing related intangible assets with
definite useful lives are amortised by the
straight-line method over the expected useful
life. The capitalised value of marketing related
intangible assets with indefinite lifetime is tested
for impairment at least once a year, or more
often if there are indications that the value of the
asset has decreased.
The estimated useful lives of marketing related
intangible assets are as follows:
Trademarks with indefinite
useful life not amortised
Trademarks with definite
useful life 10\u201350 years
Company Brands with definite
useful life 5 years
Customer related intangible assets are amortised by the straight-line method over the expected useful life. The estimated useful lives of customer related intangible assets are as follows: Customer relations 7\u201315 years The estimated useful lives of other intangible assets are as follows: IT-development and software 3\u201310 years The estimated useful lives of property, plant and equipment are as follows: Buildings and structures 10\u201340 years Machinery and equipment 3\u201320 years Other tangible assets 3\u201310 years ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-446": {
"value": "Customer related intangible assets are
amortised by the straight-line method over the
expected useful life.
The estimated useful lives of customer related
intangible assets are as follows:
Customer relations 7\u201315 years
Other intangible assets include mainly software. Other intangible assets are recognised in the balance sheet at the original cost and amortised over their estimated useful lives. Marketing related intangible assets with definite useful lives are amortised by the straight-line method over the expected useful life. The capitalised value of marketing related intangible assets with indefinite lifetime is tested for impairment at least once a year, or more often if there are indications that the value of the asset has decreased. The estimated useful lives of marketing related intangible assets are as follows: Trademarks with indefinite useful life not amortised Trademarks with definite useful life 10\u201350 years Company Brands with definite useful life 5 years The estimated useful lives of other intangible assets are as follows: IT-development and software 3\u201310 years The estimated useful lives of property, plant
and equipment are as follows:
Buildings and structures 10\u201340 years
Machinery and equipment 3\u201320 years
Other tangible assets 3\u201310 years
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-447": {
"value": "Expenditure on research activities is recognised in profit or loss in the period in which it is incurred. The Group has no projects related to the development activities of new products or processes qualifying for the identifiability and other criteria regarding capitalisation under IAS 38. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-448": {
"value": "Refer to note 6.2 for further information about contractual commitments for acquisitions of intangible assets. 6.2 COLLATERALS, COMMITMENTS AND CONTINGENT ASSETS AND LIABILITIES EUR million 2024 2023 Collaterals and commitments Collaterals given on behalf of Group companies Mortgages 18.5 18.5 Guarantees 11.8 13.0 TOTAL COLLATERALS 30.3 31.5 Commitments Short-term and low value lease obligations; Less than one year 0.3 0.3 Between one and five years 0.2 0.3 Total short-term and low value lease obligations 0.4 0.6 Other commitments 3.2 2.3 TOTAL COMMITMENTS 3.6 2.9 Collaterals given on behalf of Group companies all relate to commitments to authorities. Short- term and low value obligations consist mainly of IT equipment. Other commitments include mainly purchase obligations of wine. Anora has made commitments related to the acquisition of fixed assets amounting to EUR 0.9 million for the year 2025. Accounting policy - Emission allowances The Group participates in the European Union emission trading scheme, where it has been granted a certain number of carbon dioxide emission allowances for a certain period of time, free of charge. Anora Group Plc discloses its carbon dioxide emission allowances granted free of charge on net basis. The emission allowances granted free are recognised on zero-value. If the Group has sufficient amount of allowances to cover the obligation to deliver allowances corresponding to the amount of emissions made, the obligation is recognised as corresponding value of emissions (zero value). The Group does not recognise income or expenses arising from emission allowances through profit or loss when the emission allowances granted are sufficient to cover the obligation to deliver allowances corresponding to the amount of emissions made. If the realised emissions exceed the granted emission allowances, the obligation arising from the excess emissions is recognised at fair value as a liability in the balance sheet at the reporting date. If the realised emissions fall below the granted emission allowances, the difference is not recognised in the balance sheet, but it is disclosed in the notes to the financial statements, measured at fair value . Anora\u2019s actual emissions are below the emission allowances granted. The following table presents changes in allowances for financial years 2024 and 2023 as well as their fair values: EUR million 2024 2023 Emissions allowances received 22.6 22.6 Excess emission allowances from the previous period 1.0 2.0 Sold emission allowances - -2.0 Realised emissions -15.4 -21.6 Emission allowances at 31 December 8.2 1.0 Fair value of emission allowances at 31 December, EUR million 0.3 0.1 Anora continues to operate within the emission trading system for the trading period 2021\u20132030.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-449": {
"value": "Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed . The estimated useful lives and residual values
are reviewed at each financial year-end, and
if they differ substantially from the previous
estimates, the depreciation periods are adjusted
accordingly. Impairment loss is recognised in
profit or loss to the extent the assets carrying
value exceeds its recoverable amount.
Gains and losses on the disposals of property,
plant and equipment are included in other
operating income or expenses .
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-450": {
"value": "Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed . Critical estimates and management judgements \u2013 Impairment testing The preparation of calculations for the impairment testing requires estimates regarding the future. The management\u2019s estimates and related critical uncertainties are related to the components of the recoverable amount calculation, and key assumptions are discount rate (WACC), future cash flows (including estimates for future revenues, gross profit, EBITDA, capex), growth rates both during forecast period and for terminal value. The WACC reflects current assessments of the time value of money and relevant market risk premiums reflecting risks and uncertainties for which the future cash flow estimates have not been adjusted. Impairment testing - Goodwill The Group\u2019s three operating segments are considered to form the cash generating units (CGU) and represent the lowest level at which goodwill is monitored. There have not been any changes to the segment level allocation of goodwill, and a summary of goodwill allocation is presented in the following table . The forecast period applied for the calculations for both goodwill and brands covers five years, beyond which the cash flow projections are extrapolated using a constant CGU specific long-term growth rate estimate (terminal value). The cash flow estimates used are based on CGU- specific forecasts approved by the Group\u2019s Audit Committee and Board of Directors. The growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. In general, growth rates used are lower than Euromonitor\u2019s estimated market development, aligning the industry expectations with Anora\u2019s recent market share trends. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year Sensitivity analysis Management has assessed that no reasonably possible change in any of the key assumptions for Spirits CGU would cause the tested unit\u2019s recoverable amount to decrease to be lower than its\u2019 carrying amount. The defined recoverable amount of CGU Wine also exceeded the carrying amount of the unit in the annual impairment test and it also passed the sensitivity analysis with changes to key assumptions as presented in the following table. The changes in the basic assumptions shall not be seen as an indication that these factors are likely to materialise. The sensitivity analyses are hypothetical and should therefore be treated with caution A Due to the Wine CGUs lower than expected performance continuing in 2024, additional analyses were prepared by the Group. The analyses showed that lowering the EBITDA by more than -29% for the whole forecasting period and terminal value would have an adverse impact on the valuation of the Wine CGU resulting in impairments. Also, a combination of reducing the EBITDA by more than -18% together with an increase of + 1 %pt in WACC would likewise have an adverse impact on the valuation of the Wine CGU. Key assumptions used in this additional analysis was otherwise equal to the actual impairment test. Impairment testing \u2013 Trademarks At the end of 2024, all of the Group\u2019s trademarks with indefinite useful lives were related to Spirits segment. The carrying amount of these assets amounted to EUR 124.5 million (2023: EUR 128.3 million). Most of the trademarks within Spirits business are trademarks that have existed for several decades, and some have existed for several hundred years. There were no significant changes in useful lives of the existing assets during 2024. The cash generating unit for impairment testing of marketing related intangible assets is the trademark itself. The recoverable amount for trademarks is calculated on the basis of relief from royalty method after taxes whereby the brand\u2019s annual royalty rate is considered to be the expected long-term profit that the individual trademarks are expected to have. Impairment tests are made for trademarks with indefinite useful life and useful life of 50 years. Cash flow estimates used are discounted using a post-tax discount rate specific for the country where each brand is predominantly sold . In the same way as for Goodwill, the growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year. The majority of the trademarks show significant headroom and no indication of impairment in the impairment tests made. The estimated recoverable amounts for two of the trademarks also exceeded the carrying amount of the brands in the annual impairment tests, but negative changes in key assumptions could lead to impairment. For these two trademarks with book value of EUR 27.0 million (27.1% of total book value of brands tested), increasing the discount rate by +1 %pt or decreasing the royalty rate by -5 % would have an adverse impact on the valuation of the brand leading to partial impairment. The trademarks showing negative headroom in the sensitivity analysis have experienced a slightly negative development over the last year, and several measures, including separate brand strategies, have been implemented to strengthen the brands\u2019 value. Performed impairment test supports the trademark\u2019s value based on the assumptions available about the future. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-451": {
"value": "Accounting policy - Impairment testing Book value of assets is assessed to determine whether there is any impairment at least at the end of each financial year. If any evidence of impairment emerges (a triggering event), the assets\u2019 recoverable amount is estimated. The recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less costs to sell and value in use. An impairment loss is recognised if the carrying amount of an asset exceeds its recoverable amount. The impairment loss is immediately recognised in profit or loss and the estimated useful life of the asset in question is reassessed when an impairment loss is recognised. The impairment loss is reversed if there has been such a positive change in the estimates used to determine the recoverable amount of the asset or cash-generating unit, that recoverable amount of the asset will increase the book value of asset. Impairment losses are only reversed to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised. An impairment loss on goodwill is never reversed . Critical estimates and management judgements \u2013 Impairment testing The preparation of calculations for the impairment testing requires estimates regarding the future. The management\u2019s estimates and related critical uncertainties are related to the components of the recoverable amount calculation, and key assumptions are discount rate (WACC), future cash flows (including estimates for future revenues, gross profit, EBITDA, capex), growth rates both during forecast period and for terminal value. The WACC reflects current assessments of the time value of money and relevant market risk premiums reflecting risks and uncertainties for which the future cash flow estimates have not been adjusted. Impairment testing - Goodwill The Group\u2019s three operating segments are considered to form the cash generating units (CGU) and represent the lowest level at which goodwill is monitored. There have not been any changes to the segment level allocation of goodwill, and a summary of goodwill allocation is presented in the following table . EUR million 2024 % 2023 % Wine 103.7 34.7% 105.4 34.6% Spirits 195.4 65.3% 198.9 65.4% Total 299.1 100.0% 304.3 100.0% The forecast period applied for the calculations for both goodwill and brands covers five years, beyond which the cash flow projections are extrapolated using a constant CGU specific long-term growth rate estimate (terminal value). The cash flow estimates used are based on CGU- specific forecasts approved by the Group\u2019s Audit Committee and Board of Directors. The growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. In general, growth rates used are lower than Euromonitor\u2019s estimated market development, aligning the industry expectations with Anora\u2019s recent market share trends. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year . Key assumptions for CGU\u2019s with significant goodwill allocated to them % 2024 2023 Spirits Wine Spirits Wine EBITDA margin (%) 16.6% 7.3% 16.6% 7.0% Pre-tax discount rate - WACC (%) 7.2% 7.0% 8.6% 8.2% Long-term growth rate (Terminal value, %) 2.0% 2.0% 2.0% 2.0% Sensitivity analysis Management has assessed that no reasonably possible change in any of the key assumptions for Spirits CGU would cause the tested unit\u2019s recoverable amount to decrease to be lower than its\u2019 carrying amount. The defined recoverable amount of CGU Wine also exceeded the carrying amount of the unit in the annual impairment test and it also passed the sensitivity analysis with changes to key assumptions as presented in the following table. The changes in the basic assumptions shall not be seen as an indication that these factors are likely to materialise. The sensitivity analyses are hypothetical and should therefore be treated with caution . Recoverable amounts and headroom for CGU\u2019s with significant goodwill allocated to them 2024 2023 EUR million Spirits Wine Spirits Wine Net Asset Values 322.2 235.0 331.3 229.3 Recoverable amount 766.0 389.0 687.3 372.3 Headroom 443.8 154.0 356.0 143.0 Sensitivity 1 - Change in discount rate (+1%pt) 296.0 73.8 246.3 78.6 Sensitivity 2 - Change in EBITDA (-10%) 367.0 101.4 287.7 97.5 Sensitivity 3 - Change in long-term growth (-1%pt) 321.6 86.7 N/A N/ A Due to the Wine CGUs lower than expected performance continuing in 2024, additional analyses were prepared by the Group. The analyses showed that lowering the EBITDA by more than -29% for the whole forecasting period and terminal value would have an adverse impact on the valuation of the Wine CGU resulting in impairments. Also, a combination of reducing the EBITDA by more than -18% together with an increase of + 1 %pt in WACC would likewise have an adverse impact on the valuation of the Wine CGU. Key assumptions used in this additional analysis was otherwise equal to the actual impairment test. Impairment testing \u2013 Trademarks At the end of 2024, all of the Group\u2019s trademarks with indefinite useful lives were related to Spirits segment. The carrying amount of these assets amounted to EUR 124.5 million (2023: EUR 128.3 million). Most of the trademarks within Spirits business are trademarks that have existed for several decades, and some have existed for several hundred years. There were no significant changes in useful lives of the existing assets during 2024. The cash generating unit for impairment testing of marketing related intangible assets is the trademark itself. The recoverable amount for trademarks is calculated on the basis of relief from royalty method after taxes whereby the brand\u2019s annual royalty rate is considered to be the expected long-term profit that the individual trademarks are expected to have. Impairment tests are made for trademarks with indefinite useful life and useful life of 50 years. Cash flow estimates used are discounted using a post-tax discount rate specific for the country where each brand is predominantly sold . Key assumptions for Brands with indefinite useful life or useful life of 50 years % 2024 2023 Nor- wegian Danish Nor- wegian Danish Post-tax discount rate - WACC (%) 6.4 % 5.5 % 7.3 % 6.5 % In the same way as for Goodwill, the growth rate applied for the five years is 3.0% which is based on a combination of past performances, Euromonitor\u2019s estimation for trends related to market development and management\u2019s expectations of Anora\u2019s business development. The annual growth applied for the terminal value is 2.0%, in line with growth rate corresponding to European Central Bank\u2019s long-term inflation target. The terminal value growth rate used is unchanged from previous year. The majority of the trademarks show significant headroom and no indication of impairment in the impairment tests made. The estimated recoverable amounts for two of the trademarks also exceeded the carrying amount of the brands in the annual impairment tests, but negative changes in key assumptions could lead to impairment. For these two trademarks with book value of EUR 27.0 million (27.1% of total book value of brands tested), increasing the discount rate by +1 %pt or decreasing the royalty rate by -5 % would have an adverse impact on the valuation of the brand leading to partial impairment. The trademarks showing negative headroom in the sensitivity analysis have experienced a slightly negative development over the last year, and several measures, including separate brand strategies, have been implemented to strengthen the brands\u2019 value. Performed impairment test supports the trademark\u2019s value based on the assumptions available about the future. Impairment of own and leased property, plant and equipment \u2013 Industrial Production Business in 2023 During the comparative period the Industrial segment recognised impairment losses related to the Gjeller\u00e5sen Production CGU amounting to EUR 39.0 million, where EUR 28.0 million related to right- of-use building, EUR 5.2 million related to right-of- use machinery & equipment, EUR 5.5 million related to owned machinery & equipment and EUR 0.3 million related to software. The triggering event for the significant impairment of the Group\u2019s production facility at Gjeller\u00e5sen in Norway was moving production volume from the production facility in Norway to other production facilities in Finland and Denmark. This move was initiated by the centre of excellence during 2023. The full description on the impairment tests performed in 2023 can be found on the 2023 Annual Report. Based on management assessment and supported by impairment tests, no further needs for impairment or reversal of previous impairment were noted in 2024. Impairment of own and leased property, plant and equipment \u2013 Industrial Logistics Business in 2023 During the comparative period the Industrial segment recognised impairment losses related to the Gjeller\u00e5sen Logistics CGU amounting to EUR 25.7 million, where EUR 21.7 million was related to right- of-use building, EUR 1.2 million related to right-of-use machinery & equipment, EUR 2.3 million related to owned machinery & equipment and EUR 0.5 million related to software. The full description on the impairment tests performed in 2023 can be found on the 2023 Annual Report. Based on management assessment and supported by impairment tests, no further needs for impairment or reversal of previous impairment were noted in 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-452": {
"value": "2.2 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment mainly consist of manufacturing and warehouse buildings, land, and machinery and equipment used in alcoholic beverage industry. Accounting policy - Property, plant and equipment Property, plant and equipment are measured at historical cost less accumulated depreciation and impairment losses. If parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items. All other expenditure, for example ordinary maintenance and repair costs, is recognised as an expense as incurred. Depreciation is recognised on a straight-line basis over the estimated useful lives of items of property, plant and equipment. Land is not depreciated. The estimated useful lives of property, plant and equipment are as follows: Buildings and structures 10\u201340 years Machinery and equipment 3\u201320 years Other tangible assets 3\u201310 years The estimated useful lives and residual values are reviewed at each financial year-end, and if they differ substantially from the previous estimates, the depreciation periods are adjusted accordingly. Impairment loss is recognised in profit or loss to the extent the assets carrying value exceeds its recoverable amount. Gains and losses on the disposals of property, plant and equipment are included in other operating income or expenses Plant and equipment in Rajam\u00e4ki is pledged as security for mortgages, see note 6.2. Refer to note 6.2 for further information about contractual commitments for acquisitions of property, plant and equipment",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-453": {
"value": "2.2 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment mainly consist of manufacturing and warehouse buildings, land, and machinery and equipment used in alcoholic beverage industry. Accounting policy - Property, plant and equipment Property, plant and equipment are measured at historical cost less accumulated depreciation and impairment losses. If parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items. All other expenditure, for example ordinary maintenance and repair costs, is recognised as an expense as incurred. Depreciation is recognised on a straight-line basis over the estimated useful lives of items of property, plant and equipment. Land is not depreciated. The estimated useful lives of property, plant and equipment are as follows: Buildings and structures 10\u201340 years Machinery and equipment 3\u201320 years Other tangible assets 3\u201310 years The estimated useful lives and residual values are reviewed at each financial year-end, and if they differ substantially from the previous estimates, the depreciation periods are adjusted accordingly. Impairment loss is recognised in profit or loss to the extent the assets carrying value exceeds its recoverable amount. Gains and losses on the disposals of property, plant and equipment are included in other operating income or expenses . PROPERTY, PLANT AND EQUIPMENT EUR million Land and water areas Buildings and structures Machinery and equipment Prepayments and assets under construction Total Acquisition cost at 1 January 2024 2.5 111.4 166.5 6.6 287.1 Additions - 0.1 1.3 7.1 8.4 Disposals - -0.2 -0.7 - -0.9 Effect of movement in exchange rates - 0.0 -1.9 0.0 -2.0 Transfers between items - 1.9 4.5 -6.3 0.0 Acquisition cost at 31 December 2024 2.5 113.1 169.6 7.3 292.6 Accumulated depreciation and impairment losses at 1 January 2024 0.0 -93.2 -131.0 -0.3 -224.4 Depreciation - -1.9 -5.7 - -7.6 Impairment losses - 0.2 0.6 0.1 0.9 Accumulated depreciation on disposals and transfers - 0.0 1.6 0.0 1.7 Effect of movement in exchange rates - - -0.2 0.2 0.0 Accumulated depreciation and impairment losses at 31 December 2024 0.0 -94.8 -134.6 0.0 -229.4 Carrying amount at 1 January 2024 2.5 18.3 35.5 6.4 62.7 CARRYING AMOUNT AT 31 DECEMBER 2024 2.5 18.4 35.0 7.3 63.2 Acquisition cost at 1 January 2023 3.0 114.4 185.5 8.8 311.7 Additions - 0.1 1.9 7.5 9.5 Disposals -0.5 -5.2 -25.7 -0.0 -31.4 Effect of movement in exchange rates - -0.0 -2.4 -0.3 -2.8 Transfers between items 0.0 2.1 7.2 -9.3 0.0 Acquisition cost at 31 December 2023 2.5 111.4 166.5 6.6 287.1 Accumulated depreciation and impairment losses at 1 January 2023 0.0 -93.9 -141.1 - -235.0 Depreciation - -2.3 -7.3 - -9.6 Impairment losses - - -8.3 -0.3 -8.6 Accumulated depreciation on disposals and transfers - 3.1 24.2 - 27.2 Effect of movement in exchange rates - 0.0 1.5 0.0 1.5 Accumulated depreciation and impairment losses at 31 December 2023 0.0 -93.2 -131.0 -0.3 -224.4 Carrying amount at 1 January 2023 3.0 20.5 44.4 8.8 76.7 CARRYING AMOUNT AT 31 DECEMBER 2023 2.5 18.3 35.5 6.4 62.7 Additions in 2024 and 2023 include replacement investments and improvements in work safety and energy efficiency Plant and equipment in Rajam\u00e4ki is pledged as
security for mortgages, see note 6.2.
Refer to note 6.2 for further information about
contractual commitments for acquisitions of
property, plant and equipment.
Critical estimates and management
judgements \u2013 Property, plant and equipment
Estimation of useful life is the most critical
estimate related to property, plant and
equipment. There were no significant changes in
useful lives of the existing assets during 2024 .
Impairment of own and leased property,
plant and equipment \u2013 Industrial Production
Business in 2023
During the comparative period the Industrial
segment recognised impairment losses related to
the Gjeller\u00e5sen Production CGU amounting to EUR
39.0 million, where EUR 28.0 million related to right-
of-use building, EUR 5.2 million related to right-of-
use machinery & equipment, EUR 5.5 million related
to owned machinery & equipment and EUR 0.3
million related to software. The triggering event for
the significant impairment of the Group\u2019s production
facility at Gjeller\u00e5sen in Norway was moving
production volume from the production facility in
Norway to other production facilities in Finland and
Denmark. This move was initiated by the centre of
excellence during 2023. The full description on the
impairment tests performed in 2023 can be found
on the 2023 Annual Report. Based on management
assessment and supported by impairment tests, no
further needs for impairment or reversal of previous
impairment were noted in 2024.
Impairment of own and leased property, plant
and equipment \u2013 Industrial Logistics Business
in 2023
During the comparative period the Industrial
segment recognised impairment losses related to
the Gjeller\u00e5sen Logistics CGU amounting to EUR 25.7
million, where EUR 21.7 million was related to right-
of-use building, EUR 1.2 million related to right-of-use
machinery & equipment, EUR 2.3 million related to
owned machinery & equipment and EUR 0.5 million
related to software. The full description on the
impairment tests performed in 2023 can be found
on the 2023 Annual Report. Based on management
assessment and supported by impairment tests, no
further needs for impairment or reversal of previous
impairment were noted in 2024.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-454": {
"value": "All other expenditure, for example ordinary maintenance and repair costs, is recognised as an expense as incurred. Depreciation is recognised on a straight-line basis over the estimated useful lives of items of property, plant and equipment.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-455": {
"value": "2.3 RIGHT-OF-USE ASSETS
Anora mainly acts as the lessee. The Group\u2019s leases
are related to normal business operations, such as
leases on production, distribution and administration
buildings, machines and equipment for production,
vehicles, forklifts and office technology.
Accounting policy - Leases
Lease is a contract, or a part of a contract that
conveys the right to use an asset for a period of
time in exchange for consideration. A contract
contains a lease if there is an identified asset,
and the contract conveys the right to control
the use of an identified asset for a period of time
in exchange for consideration. A right-of-use
asset and a lease liability is recognised at lease
commencement date to reflect Anora\u2019s right to
use the underlying asset and the unpaid future
lease payments respectively.
The lease liability is measured by discounting
the expected lease payments to the present
value. Lease payments include fixed lease
payments, expected payments related to
residual value guarantees and the possible
exercise price of the purchase option if the use of
the option is reasonably certain. The lease period
is the non-cancellable period of the lease. Any
extension options are added to the lease period
if it is reasonably certain that the Group will
exercise such options.
Lease payments are discounted at the internal
rate of return of the lease if that rate can be
readily determined. If an internal rate of return
cannot be readily determined, the incremental
borrowing rate is used as the discount rate.
The criteria used to determine the discount
rate includes the class of the underlying asset,
geographical location, currency and the lessee\u2019s
credit risk premium.
The lease liability is remeasured and adjusted
against the right-of-use asset if the cash flow
in accordance with the original terms and
conditions of lease change; for example, if the
lease period changes or if the lease payments
change based on a variable index or interest
rate. Changes in the lease payments is reflected
in the period when respective cash flows are
affected. The lease liability is divided into current
and non-current liability and is presented on a
separate line on the balance sheet.
Right-of-use assets are measured at
acquisition cost based on the amount of the
initial measurement of the lease liability less
payments made at or before commencement
date and lease incentives received, adding
initial direct costs and adjusting by estimated
dismantling or site restoration costs. Right-of-use
assets are depreciated over the lease period or
their useful lives, depending on which is shorter.
The IFRS 16 Leases standard includes
exemptions concerning leases of less than 12
months and low-value assets. Lease liabilities are
not recognised for leases of less than 12 months
and low-value assets. Anora considers assets
with an acquisition cost of less than EUR 5,000 to
be low value. Lease expenses related to leases
included in the exemptions are recognised as
other operating expenses.
Some lease agreements for machines and
equipment for the production and distribution
activities at Gjeller\u00e5sen are subject to variable
interest rates. These agreements run until 2027.
RIGHT-OF-USE ASSETS
EUR million Buildings
Machinery and
equipment Total
Acquisition cost at 1 January 2024 137.0 32.9 170.0
Additions 0.4 2.4 2.8
Disposals -10.4 -1.9 -12.4
Effect of movement in exchange rates -4.9 -1.4 -6.2
Acquisition cost at 31 December 2024 122.1 32.1 154.1
Accumulated depreciation and impairment
losses at 1 January 2024 -75.0 -27.1 -102.1
Depreciation -6.7 -2.0 -8.7
Accumulated depreciation on disposals 9.5 1.7 11.2
Effect of movement in exchange rates 3.2 1.2 4.4
Accumulated depreciation and impairment
losses at 31 December 2024 -69.0 -26.2 -95.2
Carrying amount at 1 January 2024 62.1 5.8 67.9
CARRYING AMOUNT AT 31 DECEMBER 2024 53.1 5.9 59.0
EUR million Buildings
Machinery and
equipment Total
Acquisition cost at 1 January 2023 158.1 35.9 194.0
Additions 6.9 2.4 9.3
Disposals -21.0 -3.5 -24.5
Effect of movement in exchange rates -6.9 -1.9 -8.8
Acquisition cost at 31 December 2023 137.0 32.9 170.0
Accumulated depreciation at 1 January 2023 -35.2 -22.1 -57.2
Depreciation -9.7 -2.9 -12.6
Impairment losses -49.7 -6.4 -56.1
Accumulated depreciation on disposals 19.8 3.3 23.1
Effect of movement in exchange rates -0.3 1.0 0.7
Accumulated depreciation and impairment
losses at 31 December 2024 -75.0 -27.1 -102.1
Carrying amount at 1 January 2023 122.9 13.9 136.8
CARRYING AMOUNT AT 31 DECEMBER 2023 62.1 5.8 67.9
Critical estimates and management
judgements \u2013 Right-of-use assets
The most critical management judgements are
related to determination of discount rates and
use of any possible extension options related to
the lease contracts.
Lease agreements include the agreement
concluded with Destilleriveien 11 AS on the lease
of production, distribution, and administration
buildings at Gjeller\u00e5sen for an irrevocable
period of 25 years as from 1 January 2012. The
annual rent under this agreement has been
about EUR 8.5 million during 2024. The lease
agreement of the premises at Gjeller\u00e5sen also
include an option to extend the lease by 10 years
after the initial 25 years. This option is currently
considered not to be exercised and, therefore,
it is not included in the calculation of right-of-
use asset and lease liability at end of 2024 and
2023. Significant impairments were recorded
regarding the right-of -use assets from this
lease agreement in 2023. For details of the 2023
impairment of right-of-use assets, see chapter
2.2 regarding impairment of property, plant and
equipment.
Lease agreements also include the agreement
concluded with Destilleri ApS on the lease of
areas for a micro-distillery on the premises in
Aalborg, Denmark where the Aalborg aquavit
and Gammel Dansk Brands were historically
produced. The agreement is irrevocable until
October 2031, whereafter the agreement can be
cancelled by Anora with 12 months\u2019 notice. The
agreement is on the other hand non-cancellable
by the landlord for another 18 years after October
2031. This date of cancellation by the landlord is
estimated to be the end date of the lease which
was used in calculating the Right-Of-Use asset
and Lease liability at end of 2024 and 2023.
Impairment of Right-of-use assets
There have not been any impairments or reversal of
previous impairment of right-of-use assets during
2024. For details of the 2023 impairment of right-of-
use assets, see chapter 2.2 regarding impairment of
property, plant and equipment.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-456": {
"value": "Anora mainly acts as the lessee. The Group\u2019s leases are related to normal business operations, such as leases on production, distribution and administration buildings, machines and equipment for production, vehicles, forklifts and office technology. Accounting policy - Leases Lease is a contract, or a part of a contract that conveys the right to use an asset for a period of time in exchange for consideration. A contract contains a lease if there is an identified asset, and the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. A right-of-use asset and a lease liability is recognised at lease commencement date to reflect Anora\u2019s right to use the underlying asset and the unpaid future lease payments respectively. The lease liability is measured by discounting the expected lease payments to the present value. Lease payments include fixed lease payments, expected payments related to residual value guarantees and the possible exercise price of the purchase option if the use of the option is reasonably certain. The lease period is the non-cancellable period of the lease. Any extension options are added to the lease period if it is reasonably certain that the Group will exercise such options. Lease payments are discounted at the internal rate of return of the lease if that rate can be readily determined. If an internal rate of return cannot be readily determined, the incremental borrowing rate is used as the discount rate. The criteria used to determine the discount rate includes the class of the underlying asset, geographical location, currency and the lessee\u2019s credit risk premium. The lease liability is remeasured and adjusted against the right-of-use asset if the cash flow in accordance with the original terms and conditions of lease change; for example, if the lease period changes or if the lease payments change based on a variable index or interest rate. Changes in the lease payments is reflected in the period when respective cash flows are affected. The lease liability is divided into current and non-current liability and is presented on a separate line on the balance sheet. Right-of-use assets are measured at acquisition cost based on the amount of the initial measurement of the lease liability less payments made at or before commencement date and lease incentives received, adding initial direct costs and adjusting by estimated dismantling or site restoration costs. Right-of-use assets are depreciated over the lease period or their useful lives, depending on which is shorter. The IFRS 16 Leases standard includes exemptions concerning leases of less than 12 months and low-value assets. Lease liabilities are not recognised for leases of less than 12 months and low-value assets. Anora considers assets with an acquisition cost of less than EUR 5,000 to be low value. Lease expenses related to leases included in the exemptions are recognised as other operating expenses. Some lease agreements for machines and equipment for the production and distribution activities at Gjeller\u00e5sen are subject to variable interest rates. These agreements run until 2027",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-457": {
"value": "2.4 INVENTORIES Accounting policy - Inventories Inventories are measured at the lower of cost and net realisable value. Raw materials, supplies, work in progress and trading goods are measured at weighted average cost. Finished products, including both self-manufactured products and repacked trading goods, are measured at standard cost including cost of direct materials, direct labour and an appropriate proportion of variable and fixed overhead expenditure, representing approximation of actual cost under weighted average cost formula. The allocation of fixed costs is based on normal operating capacity. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. Critical estimates and management judgements \u2013 Inventories Management judgment and estimates are applied in defining normal operating capacity, net realisable value (NRV) and inventory obsolescence analysis, all of which include estimates on future demand of the finished products. INVENTORIES EUR million 2024 2023 Materials and supplies 36.6 39.6 Work in progress 12.3 14.5 Finished goods 46.0 43.5 Trading goods 50.0 49.9 Other inventories 0.7 0.2 Total before obsolescence 145.7 147.7 Provision for obsolescence -6.5 -3.5 TOTAL 139.2 144.2 The Group experienced idle capacity in its production facilities in Gjeller\u00e5sen after production volume was moved from this production facility in Norway to other production facilities in Finland and Denmark in 2023 as part of the centre of excellence program. This resulted in under-absorption of fixed manufacturing overheads. As per IAS 2, \u2018Inventories,\u2019 the fixed production overheads allocated to the cost of conversion are based on the normal capacity of the production facilities. Consequently, the unabsorbed overheads have been expensed in the period incurred and their effect on the cost of goods sold is immaterial. Provisions for slow-moving raw materials and finished products have been increased to account for the longer turnover periods and potential obsolescence risk. Adjustments were also made to standard costs and obsolete provisions to reflect changes in the valuation of certain inventory items resulting in additional inventory impairments amounting to EUR 3.8 million, of which EUR 2.0 million relates to Industrial segment and EUR 1.8 million to Wine segment. The value of old aged aquavit was reduced by EUR 1.7 million due to lack of demand and management decision to discontinue development of old aged aquavit products. This reduction, impacting the Industrial segment, aligned the carrying amount with the current estimated recoverable amount. The old aged aquavit is not scrapped, but to be blended into younger blends, which due to current large quantities of old aged aquavit stock will take several years",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-458": {
"value": "Accounting policy - Inventories
Inventories are measured at the lower of
cost and net realisable value. Raw materials,
supplies, work in progress and trading goods are
measured at weighted average cost. Finished
products, including both self-manufactured
products and repacked trading goods,
are measured at standard cost including
cost of direct materials, direct labour and
an appropriate proportion of variable and
fixed overhead expenditure, representing
approximation of actual cost under weighted
average cost formula. The allocation of fixed
costs is based on normal operating capacity.
Net realisable value is the estimated selling
price in the ordinary course of business, less
the estimated costs of completion and the
estimated costs necessary to make the sale.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-459": {
"value": "2.5 TRADE AND OTHER RECEIVABLES Trade and other receivables Trade receivables are carried at original invoiced amount less any allowance for expected credit losses. An allowance for expected credit losses is recognised immediately in profit and loss. Allowance for expected credit losses is recognised based on lifetime expected credit losses from trade receivables in accordance with IFRS 9. The expected credit loss model is forward looking and expected default rates are based on historical realised credit losses. The lifetime expected credit loss provision is calculated using aging of the accounts receivable and regional portfolios. Trade receivables are written off when there is no reasonable expectation of recovery for example the failure of a debtor to engage in a repayment plan with the Group. Trade receivables are derecognised from the balance sheet as soon as the receivable is sold, and the payment has been received. The Group derecognises the trade receivable as the contractual right to these cash flows expire and all the related substantial risks and rewards are transferred outside the Group at the time of sale. The costs related to the sold receivables are recognised in other finance expenses. The receivables are sold to the extent that the cost is competitive considering the short-term financing. TRADE AND OTHER RECEIVABLES EUR million 2024 2023 Trade receivables 101.3 96.3 Prepayments to customers/ suppliers 2.7 3.4 Accrued income 5.5 6.2 Other receivables 4.3 4.2 Total 113.7 110.1 At the end of the reporting period 2024 the sold trade receivables amounted to EUR 163.7 million (2023: EUR 173.6 million). Trade receivables from associated companies and joint arrangements are presented in Note 6.3. AGEING ANALYSIS OF TRADE RECEIVABLES EUR million 2024 2023 Trade receivables not past due 90.7 85.6 Trade receivables past due 1\u201390 days 10.3 10.9 Trade receivables past due over 90 days 2.3 1.5 Allowance for expected credit losses -2.1 -1.7 TOTAL 101.3 96.3 CHANGE IN EXPECTED CREDIT LOSSES EUR million 2024 2023 Allowance for expected credit losses at beginning of period -1.7 -0.8 Allowances for expected credit losses during period -0.5 -1.0 Reversal of allowances for expected credit losses during period 0.1 0.1 Realized credit losses during period -0.1 0.0 Allowance for expected credit losses at end of period -2.1 -1.7 A significant share of the Group\u2019s revenue is associated with the state monopolies in the Nordic region, where there is not considered to be material credit risk. The Group\u2019s credit risk is otherwise spread over a large number of small customers within the HoReCa industry, and industrial customers as well as a small number of distributors outside the home markets. On this basis, the Group applies a simplified approach to calculation of expected credit losses. The loss allowance for trade receivables is based on the ageing of the accounts receivables, regional portfolio and experienced historic credit losses. Forward looking macro-economic information has been included in analysis ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-460": {
"value": "2.5 TRADE AND OTHER RECEIVABLES Trade and other receivables Trade receivables are carried at original invoiced amount less any allowance for expected credit losses. An allowance for expected credit losses is recognised immediately in profit and loss. Allowance for expected credit losses is recognised based on lifetime expected credit losses from trade receivables in accordance with IFRS 9. The expected credit loss model is forward looking and expected default rates are based on historical realised credit losses. The lifetime expected credit loss provision is calculated using aging of the accounts receivable and regional portfolios. Trade receivables are written off when there is no reasonable expectation of recovery for example the failure of a debtor to engage in a repayment plan with the Group. Trade receivables are derecognised from the balance sheet as soon as the receivable is sold, and the payment has been received. The Group derecognises the trade receivable as the contractual right to these cash flows expire and all the related substantial risks and rewards are transferred outside the Group at the time of sale. The costs related to the sold receivables are recognised in other finance expenses. The receivables are sold to the extent that the cost is competitive considering the short-term financing. TRADE AND OTHER RECEIVABLES EUR million 2024 2023 Trade receivables 101.3 96.3 Prepayments to customers/ suppliers 2.7 3.4 Accrued income 5.5 6.2 Other receivables 4.3 4.2 Total 113.7 110.1 At the end of the reporting period 2024 the sold trade receivables amounted to EUR 163.7 million (2023: EUR 173.6 million). Trade receivables from associated companies and joint arrangements are presented in Note 6.3. AGEING ANALYSIS OF TRADE RECEIVABLES EUR million 2024 2023 Trade receivables not past due 90.7 85.6 Trade receivables past due 1\u201390 days 10.3 10.9 Trade receivables past due over 90 days 2.3 1.5 Allowance for expected credit losses -2.1 -1.7 TOTAL 101.3 96.3 CHANGE IN EXPECTED CREDIT LOSSES EUR million 2024 2023 Allowance for expected credit losses at beginning of period -1.7 -0.8 Allowances for expected credit losses during period -0.5 -1.0 Reversal of allowances for expected credit losses during period 0.1 0.1 Realized credit losses during period -0.1 0.0 Allowance for expected credit losses at end of period -2.1 -1.7 A significant share of the Group\u2019s revenue is associated with the state monopolies in the Nordic region, where there is not considered to be material credit risk. The Group\u2019s credit risk is otherwise spread over a large number of small customers within the HoReCa industry, and industrial customers as well as a small number of distributors outside the home markets. On this basis, the Group applies a simplified approach to calculation of expected credit losses. The loss allowance for trade receivables is based on the ageing of the accounts receivables, regional portfolio and experienced historic credit losses. Forward looking macro-economic information has been included in analysis ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-461": {
"value": "2.5 TRADE AND OTHER RECEIVABLES Trade and other receivables Trade receivables are carried at original invoiced amount less any allowance for expected credit losses. An allowance for expected credit losses is recognised immediately in profit and loss. Allowance for expected credit losses is recognised based on lifetime expected credit losses from trade receivables in accordance with IFRS 9. The expected credit loss model is forward looking and expected default rates are based on historical realised credit losses. The lifetime expected credit loss provision is calculated using aging of the accounts receivable and regional portfolios. Trade receivables are written off when there is no reasonable expectation of recovery for example the failure of a debtor to engage in a repayment plan with the Group. Trade receivables are derecognised from the balance sheet as soon as the receivable is sold, and the payment has been received. The Group derecognises the trade receivable as the contractual right to these cash flows expire and all the related substantial risks and rewards are transferred outside the Group at the time of sale. The costs related to the sold receivables are recognised in other finance expenses. The receivables are sold to the extent that the cost is competitive considering the short-term financing. TRADE AND OTHER RECEIVABLES EUR million 2024 2023 Trade receivables 101.3 96.3 Prepayments to customers/ suppliers 2.7 3.4 Accrued income 5.5 6.2 Other receivables 4.3 4.2 Total 113.7 110.1 At the end of the reporting period 2024 the sold trade receivables amounted to EUR 163.7 million (2023: EUR 173.6 million). Trade receivables from associated companies and joint arrangements are presented in Note 6.3. AGEING ANALYSIS OF TRADE RECEIVABLES EUR million 2024 2023 Trade receivables not past due 90.7 85.6 Trade receivables past due 1\u201390 days 10.3 10.9 Trade receivables past due over 90 days 2.3 1.5 Allowance for expected credit losses -2.1 -1.7 TOTAL 101.3 96.3 CHANGE IN EXPECTED CREDIT LOSSES EUR million 2024 2023 Allowance for expected credit losses at beginning of period -1.7 -0.8 Allowances for expected credit losses during period -0.5 -1.0 Reversal of allowances for expected credit losses during period 0.1 0.1 Realized credit losses during period -0.1 0.0 Allowance for expected credit losses at end of period -2.1 -1.7 A significant share of the Group\u2019s revenue is associated with the state monopolies in the Nordic region, where there is not considered to be material credit risk. The Group\u2019s credit risk is otherwise spread over a large number of small customers within the HoReCa industry, and industrial customers as well as a small number of distributors outside the home markets. On this basis, the Group applies a simplified approach to calculation of expected credit losses. The loss allowance for trade receivables is based on the ageing of the accounts receivables, regional portfolio and experienced historic credit losses. Forward looking macro-economic information has been included in analysis .",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-462": {
"value": "2.5 TRADE AND OTHER RECEIVABLES Trade and other receivables Trade receivables are carried at original invoiced amount less any allowance for expected credit losses. An allowance for expected credit losses is recognised immediately in profit and loss. Allowance for expected credit losses is recognised based on lifetime expected credit losses from trade receivables in accordance with IFRS 9. The expected credit loss model is forward looking and expected default rates are based on historical realised credit losses. The lifetime expected credit loss provision is calculated using aging of the accounts receivable and regional portfolios. Trade receivables are written off when there is no reasonable expectation of recovery for example the failure of a debtor to engage in a repayment plan with the Group. Trade receivables are derecognised from the balance sheet as soon as the receivable is sold, and the payment has been received. The Group derecognises the trade receivable as the contractual right to these cash flows expire and all the related substantial risks and rewards are transferred outside the Group at the time of sale. The costs related to the sold receivables are recognised in other finance expenses. The receivables are sold to the extent that the cost is competitive considering the short-term financing. TRADE AND OTHER RECEIVABLES EUR million 2024 2023 Trade receivables 101.3 96.3 Prepayments to customers/ suppliers 2.7 3.4 Accrued income 5.5 6.2 Other receivables 4.3 4.2 Total 113.7 110.1 At the end of the reporting period 2024 the sold trade receivables amounted to EUR 163.7 million (2023: EUR 173.6 million). Trade receivables from associated companies and joint arrangements are presented in Note 6.3. AGEING ANALYSIS OF TRADE RECEIVABLES EUR million 2024 2023 Trade receivables not past due 90.7 85.6 Trade receivables past due 1\u201390 days 10.3 10.9 Trade receivables past due over 90 days 2.3 1.5 Allowance for expected credit losses -2.1 -1.7 TOTAL 101.3 96.3 CHANGE IN EXPECTED CREDIT LOSSES EUR million 2024 2023 Allowance for expected credit losses at beginning of period -1.7 -0.8 Allowances for expected credit losses during period -0.5 -1.0 Reversal of allowances for expected credit losses during period 0.1 0.1 Realized credit losses during period -0.1 0.0 Allowance for expected credit losses at end of period -2.1 -1.7 A significant share of the Group\u2019s revenue is associated with the state monopolies in the Nordic region, where there is not considered to be material credit risk. The Group\u2019s credit risk is otherwise spread over a large number of small customers within the HoReCa industry, and industrial customers as well as a small number of distributors outside the home markets. On this basis, the Group applies a simplified approach to calculation of expected credit losses. The loss allowance for trade receivables is based on the ageing of the accounts receivables, regional portfolio and experienced historic credit losses. Forward looking macro-economic information has been included in analysis ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-463": {
"value": "Trade and other receivables
Trade receivables are carried at original invoiced
amount less any allowance for expected
credit losses. An allowance for expected credit
losses is recognised immediately in profit and
loss. Allowance for expected credit losses is
recognised based on lifetime expected credit
losses from trade receivables in accordance with
IFRS 9. The expected credit loss model is forward
looking and expected default rates are based
on historical realised credit losses. The lifetime
expected credit loss provision is calculated using
aging of the accounts receivable and regional
portfolios. Trade receivables are written off when
there is no reasonable expectation of recovery
for example the failure of a debtor to engage in a
repayment plan with the Group.
Trade receivables are derecognised from
the balance sheet as soon as the receivable is
sold, and the payment has been received. The
Group derecognises the trade receivable as
the contractual right to these cash flows expire
and all the related substantial risks and rewards
are transferred outside the Group at the time of
sale. The costs related to the sold receivables
are recognised in other finance expenses.
The receivables are sold to the extent that the
cost is competitive considering the short-term
financing.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-464": {
"value": "An allowance for expected credit losses is recognised immediately in profit and loss. Allowance for expected credit losses is recognised based on lifetime expected credit losses from trade receivables in accordance with IFRS 9. The expected credit loss model is forward looking and expected default rates are based on historical realised credit losses. The lifetime expected credit loss provision is calculated using aging of the accounts receivable and regional portfolios. Trade receivables are written off when there is no reasonable expectation of recovery for example the failure of a debtor to engage in a repayment plan with the Group. CHANGE IN EXPECTED CREDIT LOSSES
EUR million 2024 2023
Allowance for expected credit
losses at beginning of period -1.7 -0.8
Allowances for expected
credit losses during period -0.5 -1.0
Reversal of allowances for
expected credit losses during
period 0.1 0.1
Realized credit losses during
period -0.1 0.0
Allowance for expected
credit losses at end of period -2.1 -1.7
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-465": {
"value": "2.7 TRADE AND OTHER PAYABLES
These amounts represent liabilities for goods
and services provided to the Group prior to
the end of the financial year which are unpaid.
Trade and other payables are presented as
current liabilities, unless payment is not due
within 12 months after the reporting period. They
are recognised initially at their fair value and
subsequently measured at amortised cost using
the effective interest method .
EUR million 2024 2023
Trade payables 79.9 96.6
Accruals for wages and
salaries and social security
contributions 11.6 13.2
Interest liabilities 0.1 0.2
Procurement expenses 16.5 10.6
Other accrued expenses 38.5 28.1
Excise tax 112.5 114.5
VAT liability 56.1 59.6
Other liabilities 9.3 6.8
TOTAL 324.4 329.6
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-466": {
"value": "2.7 TRADE AND OTHER PAYABLES These amounts represent liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. Trade and other payables are presented as current liabilities, unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method . EUR million 2024 2023 Trade payables 79.9 96.6 Accruals for wages and salaries and social security contributions 11.6 13.2 Interest liabilities 0.1 0.2 Procurement expenses 16.5 10.6 Other accrued expenses 38.5 28.1 Excise tax 112.5 114.5 VAT liability 56.1 59.6 Other liabilities 9.3 6.8 TOTAL 324.4 329.6 BORROWINGS AND LEASE LIABILITIES
EUR million 2024 2023
Non-current
Loans from financial
institutions
159.7 209.5
Loans from pension
institutions
3.8 5.3
Lease liabilities
104.7 120.7
TOTAL
268.2 335.4
Current
Loans from pension
institutions
1.5 1.5
Commercial papers
20.0 -
Lease liabilities
13.4 13.3
TOTAL
34.9 14.8
All of the Group\u2019s non-current and current
loans from financial and pension institutions were
denominated in euros as at 31 December 2024 and
31 December 2023.
The weighted average effective interest rate (p.a.)
of the Group\u2019s loans from financial and pension
institutions as at 31 December 2024 was 4.7% (2023:
5.7%).
The weighted average interest rate (p.a.) of the
Group\u2019s lease liabilities as at 31 December 2024 was
3.9% (2023: 3.7% ).
In September 2024 Anora repaid EUR 50.0 million
of its term loan originally drawn under the credit
facilities agreement of December 2022. Remaining
term loan nominal amount is EUR 160.0 million.
In December 2024 Anora exercised its second
extension option in relation to its credit facilities
agreement, thus extending the term loan and
revolving credit facilities maturity by one year to
December 2027 .
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-467": {
"value": "2.7 TRADE AND OTHER PAYABLES These amounts represent liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. Trade and other payables are presented as current liabilities, unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method . EUR million 2024 2023 Trade payables 79.9 96.6 Accruals for wages and salaries and social security contributions 11.6 13.2 Interest liabilities 0.1 0.2 Procurement expenses 16.5 10.6 Other accrued expenses 38.5 28.1 Excise tax 112.5 114.5 VAT liability 56.1 59.6 Other liabilities 9.3 6.8 TOTAL 324.4 329.6 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-468": {
"value": "2.7 TRADE AND OTHER PAYABLES These amounts represent liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. Trade and other payables are presented as current liabilities, unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method . EUR million 2024 2023 Trade payables 79.9 96.6 Accruals for wages and salaries and social security contributions 11.6 13.2 Interest liabilities 0.1 0.2 Procurement expenses 16.5 10.6 Other accrued expenses 38.5 28.1 Excise tax 112.5 114.5 VAT liability 56.1 59.6 Other liabilities 9.3 6.8 TOTAL 324.4 329.6 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-469": {
"value": "These amounts represent liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. Trade and other payables are presented as current liabilities, unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method . Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-470": {
"value": "2.8 PROVISIONS
Accounting policy - Provisions
A provision is recognised when the Group has
a present legal or constructive obligation as a
result of a past event, and it is probable that an
outflow of economic benefits will be required
to settle the obligation, and the amount of the
obligation can be reliably estimated. The amount
recognised as provision is the management\u2019s
best estimate of the costs required to settle
the existing obligation at the end of the
reporting period. If part of the obligation may
potentially be compensated by a third party, the
compensation is recognised as a separate asset
when it is virtually certain that the compensation
will be received.
A provision for restructuring costs is
recognised only when general recognition
criteria for provision are met and after
management has prepared and approved a
formal plan to which it is committed, and it has
raised a valid expectation in those affected
by the measures that it will carry out the
restructuring by starting to implement that plan
or announcing its main features.
The costs included in a provision for
restructuring are those costs that are either
incremental or incurred as a direct result of the
plan or are the result of a continuing contractual
obligation with no continuing economic benefit
to Anora or a penalty incurred to cancel the
contractual obligation.
At the end of 2024, the Group has EUR 1.7 million
(2023: EUR 3.9 million) of provision related to
restructuring plans.
EUR million
Opening
Balance
provision
Provisions
made
during
2024
Provisions
used
during
2024
Trans-
lation
differ-
ences
Amount in
balance
sheet
31.12.2024
Restructuring
provisions 3.9 1.3 -3.4 -0.1 1.7
TOTAL 3.9 1.3 -3.4 -0.1 1.7
6.2 COLLATERALS, COMMITMENTS AND CONTINGENT ASSETS AND LIABILITIES EUR million 2024 2023 Collaterals and commitments Collaterals given on behalf of Group companies Mortgages 18.5 18.5 Guarantees 11.8 13.0 TOTAL COLLATERALS 30.3 31.5 Commitments Short-term and low value lease obligations; Less than one year 0.3 0.3 Between one and five years 0.2 0.3 Total short-term and low value lease obligations 0.4 0.6 Other commitments 3.2 2.3 TOTAL COMMITMENTS 3.6 2.9 Collaterals given on behalf of Group companies all relate to commitments to authorities. Short- term and low value obligations consist mainly of IT equipment. Other commitments include mainly purchase obligations of wine. Anora has made commitments related to the acquisition of fixed assets amounting to EUR 0.9 million for the year 2025. Accounting policy - Emission allowances The Group participates in the European Union emission trading scheme, where it has been granted a certain number of carbon dioxide emission allowances for a certain period of time, free of charge. Anora Group Plc discloses its carbon dioxide emission allowances granted free of charge on net basis. The emission allowances granted free are recognised on zero-value. If the Group has sufficient amount of allowances to cover the obligation to deliver allowances corresponding to the amount of emissions made, the obligation is recognised as corresponding value of emissions (zero value). The Group does not recognise income or expenses arising from emission allowances through profit or loss when the emission allowances granted are sufficient to cover the obligation to deliver allowances corresponding to the amount of emissions made. If the realised emissions exceed the granted emission allowances, the obligation arising from the excess emissions is recognised at fair value as a liability in the balance sheet at the reporting date. If the realised emissions fall below the granted emission allowances, the difference is not recognised in the balance sheet, but it is disclosed in the notes to the financial statements, measured at fair value . Anora\u2019s actual emissions are below the emission allowances granted. The following table presents changes in allowances for financial years 2024 and 2023 as well as their fair values: EUR million 2024 2023 Emissions allowances received 22.6 22.6 Excess emission allowances from the previous period 1.0 2.0 Sold emission allowances - -2.0 Realised emissions -15.4 -21.6 Emission allowances at 31 December 8.2 1.0 Fair value of emission allowances at 31 December, EUR million 0.3 0.1 Anora continues to operate within the emission trading system for the trading period 2021\u20132030.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-471": {
"value": "2.8 PROVISIONS Accounting policy - Provisions A provision is recognised when the Group has a present legal or constructive obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle the obligation, and the amount of the obligation can be reliably estimated. The amount recognised as provision is the management\u2019s best estimate of the costs required to settle the existing obligation at the end of the reporting period. If part of the obligation may potentially be compensated by a third party, the compensation is recognised as a separate asset when it is virtually certain that the compensation will be received. A provision for restructuring costs is recognised only when general recognition criteria for provision are met and after management has prepared and approved a formal plan to which it is committed, and it has raised a valid expectation in those affected by the measures that it will carry out the restructuring by starting to implement that plan or announcing its main features. The costs included in a provision for restructuring are those costs that are either incremental or incurred as a direct result of the plan or are the result of a continuing contractual obligation with no continuing economic benefit to Anora or a penalty incurred to cancel the contractual obligation. At the end of 2024, the Group has EUR 1.7 million (2023: EUR 3.9 million) of provision related to restructuring plans. EUR million Opening Balance provision Provisions made during 2024 Provisions used during 2024 Trans- lation differ- ences Amount in balance sheet 31.12.2024 Restructuring provisions 3.9 1.3 -3.4 -0.1 1.7 TOTAL 3.9 1.3 -3.4 -0.1 1.7",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-472": {
"value": "Accounting policy - Provisions A provision is recognised when the Group has a present legal or constructive obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle the obligation, and the amount of the obligation can be reliably estimated. The amount recognised as provision is the management\u2019s best estimate of the costs required to settle the existing obligation at the end of the reporting period. If part of the obligation may potentially be compensated by a third party, the compensation is recognised as a separate asset when it is virtually certain that the compensation will be received. A provision for restructuring costs is recognised only when general recognition criteria for provision are met and after management has prepared and approved a formal plan to which it is committed, and it has raised a valid expectation in those affected by the measures that it will carry out the restructuring by starting to implement that plan or announcing its main features. The costs included in a provision for restructuring are those costs that are either incremental or incurred as a direct result of the plan or are the result of a continuing contractual obligation with no continuing economic benefit to Anora or a penalty incurred to cancel the contractual obligation. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-473": {
"value": "3 Financial items and capital structure 3.1 FINANCE INCOME AND EXPENSES FINANCE INCOME EUR million 2024 2023 Interest income Loans, receivables and cash and cash equivalents 7.8 12.0 Total interest income 7.8 12.0 Foreign exchange gains Foreign exchange gains on FX-derivatives 1.1 4.8 Foreign exchange gains on I/C loans and cash pool accounts 1.7 8.0 Total foreign exchange gains 2.9 12.9 Other financial income Other financial income 0.1 -0.2 Total other financial income 0.1 -0.2 TOTAL FINANCE INCOME 10.7 24.6 FINANCE EXPENSES EUR million 2024 2023 Interest expenses Financial liabilities at amortised cost -17.2 -22.8 Lease liabilities -4.9 -5.5 Total interest expenses -22.1 -28.3 Foreign exchange losses Foreign exchange losses on FX-derivatives -0.2 -5.8 Foreign exchange losses on I/C loans and cash pool accounts -3.3 -8.6 Total foreign exchange losses -3.6 -14.4 Other finance expenses Other finance expenses -5.1 -4.7 Total other finance expenses -5.1 -4.7 TOTAL FINANCE EXPENSES -30.7 -47.4 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-474": {
"value": "3.1 FINANCE INCOME AND EXPENSES FINANCE INCOME EUR million 2024 2023 Interest income Loans, receivables and cash and cash equivalents 7.8 12.0 Total interest income 7.8 12.0 Foreign exchange gains Foreign exchange gains on FX-derivatives 1.1 4.8 Foreign exchange gains on I/C loans and cash pool accounts 1.7 8.0 Total foreign exchange gains 2.9 12.9 Other financial income Other financial income 0.1 -0.2 Total other financial income 0.1 -0.2 TOTAL FINANCE INCOME 10.7 24.6 FINANCE EXPENSES EUR million 2024 2023 Interest expenses Financial liabilities at amortised cost -17.2 -22.8 Lease liabilities -4.9 -5.5 Total interest expenses -22.1 -28.3 Foreign exchange losses Foreign exchange losses on FX-derivatives -0.2 -5.8 Foreign exchange losses on I/C loans and cash pool accounts -3.3 -8.6 Total foreign exchange losses -3.6 -14.4 Other finance expenses Other finance expenses -5.1 -4.7 Total other finance expenses -5.1 -4.7 TOTAL FINANCE EXPENSES -30.7 -47.4 Foreign exchange difference arising from trade receivables and trade payables amounting to EUR -0.5 million (2023: EUR 0.1 million) and from currency derivatives amounting to EUR 3.9 million (2023: EUR -0.8 million) are included in operating result",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-475": {
"value": "FINANCE INCOME
EUR million 2024 2023
Interest income
Loans, receivables and cash
and cash equivalents 7.8 12.0
Total interest income 7.8 12.0
Foreign exchange gains
Foreign exchange gains on
FX-derivatives 1.1 4.8
Foreign exchange gains
on I/C loans and cash pool
accounts 1.7 8.0
Total foreign exchange gains 2.9 12.9
Other financial income
Other financial income 0.1 -0.2
Total other financial income 0.1 -0.2
TOTAL FINANCE INCOME 10.7 24.6
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-476": {
"value": "FINANCE INCOME EUR million 2024 2023 Interest income Loans, receivables and cash and cash equivalents 7.8 12.0 Total interest income 7.8 12.0 Foreign exchange gains Foreign exchange gains on FX-derivatives 1.1 4.8 Foreign exchange gains on I/C loans and cash pool accounts 1.7 8.0 Total foreign exchange gains 2.9 12.9 Other financial income Other financial income 0.1 -0.2 Total other financial income 0.1 -0.2 TOTAL FINANCE INCOME 10.7 24.6 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-477": {
"value": "FINANCE EXPENSES
EUR million 2024 2023
Interest expenses
Financial liabilities at
amortised cost -17.2 -22.8
Lease liabilities -4.9 -5.5
Total interest expenses -22.1 -28.3
Foreign exchange losses
Foreign exchange losses on
FX-derivatives -0.2 -5.8
Foreign exchange losses
on I/C loans and cash pool
accounts -3.3 -8.6
Total foreign exchange
losses -3.6 -14.4
Other finance expenses
Other finance expenses -5.1 -4.7
Total other finance expenses -5.1 -4.7
TOTAL FINANCE EXPENSES -30.7 -47.4
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-478": {
"value": "FINANCE EXPENSES EUR million 2024 2023 Interest expenses Financial liabilities at amortised cost -17.2 -22.8 Lease liabilities -4.9 -5.5 Total interest expenses -22.1 -28.3 Foreign exchange losses Foreign exchange losses on FX-derivatives -0.2 -5.8 Foreign exchange losses on I/C loans and cash pool accounts -3.3 -8.6 Total foreign exchange losses -3.6 -14.4 Other finance expenses Other finance expenses -5.1 -4.7 Total other finance expenses -5.1 -4.7 TOTAL FINANCE EXPENSES -30.7 -47.4 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-479": {
"value": "FINANCE EXPENSES EUR million 2024 2023 Interest expenses Financial liabilities at amortised cost -17.2 -22.8 Lease liabilities -4.9 -5.5 Total interest expenses -22.1 -28.3 Foreign exchange losses Foreign exchange losses on FX-derivatives -0.2 -5.8 Foreign exchange losses on I/C loans and cash pool accounts -3.3 -8.6 Total foreign exchange losses -3.6 -14.4 Other finance expenses Other finance expenses -5.1 -4.7 Total other finance expenses -5.1 -4.7 TOTAL FINANCE EXPENSES -30.7 -47.4 Foreign exchange difference arising from trade receivables and trade payables amounting to EUR -0.5 million (2023: EUR 0.1 million) and from currency derivatives amounting to EUR 3.9 million (2023: EUR -0.8 million) are included in operating result",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-480": {
"value": "Foreign exchange difference arising from trade receivables and trade payables amounting to EUR -0.5 million (2023: EUR 0.1 million) and from currency derivatives amounting to EUR 3.9 million (2023: EUR -0.8 million) are included in operating result1. Currency risk Anora is exposed to currency risks as it has operations in several different countries. The objective of the Group\u2019s currency risk management is to limit the effect of exchange rate fluctuations on the Group\u2019s cash flow in EUR. The most significant currencies are NOK, SEK, USD, AUD and DKK. Transaction risk Transaction risk is caused by foreign currency denominated items in the balance sheet and future cash flows related to sales, purchases and return of capital. Foreign exchange exposures are monitored at the Business level and future foreign currency cash flow risks of either sales or purchase contracts are hedged. The estimated future commercial exposures are evaluated by the Businesses, and the level of hedging is per Group Treasury Policy\u2019s mandate. Hedge accounting in accordance with IFRS 9 is applied to most of the hedges. Hedging transactions are executed with forward exchange contracts or options for the following 24 months at the most, predominantly following the pricing towards state monopolies in the Nordic region. In Finland and Sweden this takes place every sixth month and in Norway every fourth month. The two tables below present the Group\u2019s net currency position, first based on financial instruments recorded on the balance sheet and secondly including on a net basis also the estimated future foreign currency net cash flows. The currency position resulting from the financial instruments in accordance with IFRS 7 consists of trade receivables, trade payables, cash and cash equivalents, the Group\u2019s internal and external loans and derivative instruments. The net currency risk has been taken into account in the table if the transaction currency is other than the Company\u2019s functional currency. TABLE 1: THE GROUP\u2019S NET CURRENCY POSITION AT 31 DECEMBER The net currency position resulting from the financial instruments in accordance with IFRS 7 EUR million 2024 2023 EUR-SEK -45.2 -29.5 EUR-NOK -27.4 -11.8 EUR-DKK -22.1 -24.7 EUR-USD 15.0 10.8 The Group\u2019s net currency position at 31 December including also the hedged commercial cash flows EUR million 2024 2023 EUR-SEK 10.6 7.0 EUR-NOK 12.9 31.2 EUR-DKK 6.1 -24.7 EUR-USD -3.0 -2.5 Translation risk Translation risk is mainly caused by the parent company\u2019s foreign currency denominated net investments in foreign subsidiaries, which cause a translation difference in equity in the Group\u2019s balance sheet upon consolidation. The Group Treasury regularly analyses the translation risk and reports any material issues to the management. The most significant net investments are denominated in SEK and NOK. The translation risk has not been hedged. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-481": {
"value": "3.2 FINANCIAL ASSETS AND LIABILITIES 3.2.1 FINANCIAL ASSETS According to IFRS 9 the classification is business model driven and there are three classes: fair value through profit and loss, amortised cost and fair value through other comprehensive income. Classification is made upon initial recognition based on the purpose of use of the asset. The basis of classification is reassessed at each reporting date. All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset . The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months . Impairment of financial assets The impairment model requires the recognition of impairment based on expected credit losses. The allowance for credit losses is recognised based on lifetime expected credit losses from trade receivables and contract assets. More information on the allowance for credit losses on trade receivables can be found in Note 2.5. Trade and other receivables. The impairment model does not apply to financial assets measured at fair value since those are measured at fair value which already takes into account expected credit losses . Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Amortised cost Loans and receivables arise when money, goods or services are delivered to a debtor, and they are included in current or non-current financial assets in accordance with their maturity. The assets in this category are held according to a business model of which objective is to collect contractual cash flows. In Anora, non-current receivables include loan receivables and other receivables with the maturity of over one year. Current receivables include trade receivables as well as cash and cash equivalents presented under current financial assets. Receivables are measured at amortised cost when the related payments are fixed or determinable and the instruments are not quoted in financial markets. Fair value through other comprehensive income The assets measured at fair value through other comprehensive income consist of unquoted shares, that are not held for trading purposes and at initial recognition, the Group has made a final choice that they belong to this category. The changes in fair values are recognised in other comprehensive income. 3.2.2 FINANCIAL LIABILITIES Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. Group overdrafts in use are included in current borrowings. In addition, Anora has a revolving credit facility, and the related fee is amortised on a straight-line basis in other finance expenses during the term of the facility. The exchange rate differences of intra- group foreign currency denominated loans are presented within financial items in the foreign exchange differences of the category financial liabilities at amortised cost. The fair values of loans from financial institutions and commercial paper loans are determined based on future cash flows discounted with market interest rate at the reporting date adjusted with Anora\u2019s credit risk premium. At the reporting date, the carrying amounts of the loans are not materially different from their fair values. LIABILITIES AT FAIR VALUE THROUGH PROFIT AND LOSS EUR million 2024 2023 Book value at the beginning of the period 0.8 0.6 Paid during period -0.2 0.0 Changes in value during period 0.0 0.1 Book value at the end of the period 0.5 0.8 Non-current liability 0.1 0.1 Current liability 0.4 0.6 BORROWINGS AND LEASE LIABILITIES EUR million 2024 2023 Non-current Loans from financial institutions 159.7 209.5 Loans from pension institutions 3.8 5.3 Lease liabilities 104.7 120.7 TOTAL 268.2 335.4 Current Loans from pension institutions 1.5 1.5 Commercial papers 20.0 - Lease liabilities 13.4 13.3 TOTAL 34.9 14.8 All of the Group\u2019s non-current and current loans from financial and pension institutions were denominated in euros as at 31 December 2024 and 31 December 2023. The weighted average effective interest rate (p.a.) of the Group\u2019s loans from financial and pension institutions as at 31 December 2024 was 4.7% (2023: 5.7%). The weighted average interest rate (p.a.) of the Group\u2019s lease liabilities as at 31 December 2024 was 3.9% (2023: 3.7% ). In September 2024 Anora repaid EUR 50.0 million of its term loan originally drawn under the credit facilities agreement of December 2022. Remaining term loan nominal amount is EUR 160.0 million. In December 2024 Anora exercised its second extension option in relation to its credit facilities agreement, thus extending the term loan and revolving credit facilities maturity by one year to December 2027 . THE NET DEBT Movements in net debt the year ended 31 December 2024 and 2023 are presented in the following table: EUR million Cash and cash equivalents Loans from financial and pension institutions (non-current) Loans from financial and pension institutions (current) Lease liabilities (non-current) Lease liabilities (current) Total Net debt as at 1 January 2024 212.7 214.8 1.5 120.7 13.3 137.5 Cash flows -29.9 -50.0 18.3 - -12.6 -14.3 Translation differences -1.3 - - -4.4 -0.5 -3.5 Other non-cash movement - -1.3 1.6 -11.6 13.2 2.0 NET DEBT AS AT 31 DECEMBER 2024 181.5 163.5 21.5 104.7 13.4 121.6 Net debt as at 1 January 2023 91.4 216.0 31.5 132.4 12.4 300.9 Cash flows 119.2 - -31.5 - -11.2 -161.9 Translation differences 2.2 - - -6.9 -0.5 -9.5 Other non-cash movement - -1.3 1.5 -4.8 12.5 7.9 NET DEBT AS AT 31 DECEMBER 2023 212.7 214.8 1.5 120.7 13.3 137.5 Derivative instruments Derivatives are included in financial assets and liabilities at fair value through profit or loss when they do not meet the criteria of hedge accounting pursuant to IFRS 9. These derivatives are recognised at fair value on the trade date, and they are subsequently measured at fair value at the reporting date. Derivative instruments and hedge accounting are described in Note 3.3. The fair values of derivatives equal the amount that the Group would have to pay, or it would receive from the termination of the derivative contract at the reporting date. The fair values of forward exchange contracts are determined by using the market prices at the reporting date. The fair values of interest rate derivatives are determined by discounting the related future cash flows. The valuation of commodity derivatives is determined based on the fair values received from the financial markets . 3.2.3 CLASSIFICATION AND FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES At the reporting date due to short maturity fair value of trade receivables and other short-term receivables and liabilities equal to their value in the balance sheet. The following table presents the classification of financial instruments. The levels 1\u20133 of fair value hierarchy reflect the significance of inputs used in determining the fair values. In level one, fair values are based on public quotations of identical financial instruments. In level two, the inputs used in determining the fair values are based on quoted market rates and prices observable for the asset or liability in question directly (i.e. price) or indirectly on discounted future cash flows. Fair values of other financial assets and liabilities in level two reflect their carrying value. In level three, the fair values of assets and liabilities are based on inputs that are not based on observable market data for all significant variables, and instead are, to a significant extent, based on management estimates and their use in generally accepted valuation techniques. The reported fair value level is based on the lowest level of input information that is significant in determining the fair value FAIR VALUES AND THE CARRYING AMOUNTS IN THE CONSOLIDATED BALANCE SHEET FOR EACH FINANCIAL INSTRUMENT BY CLASSES: 2024 EUR million Note Derivatives, hedge accounting Fair value through profit or loss Amortised cost Fair value through other comprehensive income Carrying amounts of items in the balance sheet Fair value Level Financial assets Non-current financial assets Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3 Other non-current receivables - - 0.2 - 0.2 0.2 Current financial assets Trade receivables 2.5. - - 101.3 - 101.3 101.3 Derivative instruments/Forward exchange contracts 1.6 0.2 - - 1.8 1.8 2 Derivative instruments/Commodity derivatives 0.0 - - - 0.0 0.0 2 Cash and cash equivalents - - 181.5 - 181.5 181.5 TOTAL 1.6 0.2 282.9 0.7 285.4 285.4 Financial liabilities Non-current financial liabilities Borrowings 3.2.2. - - 163.5 - 163.5 163.5 2 Lease liabilities 3.2.2. - - 104.7 - 104.7 104.7 2 Non-current liabilities at fair value through profit or loss - 0.1 - - 0.1 0.1 3 Current financial liabilities Borrowings 3.2.2. - - 21.5 - 21.5 21.5 2 Lease liabilities 3.2.2. - - 13.4 - 13.4 13.4 2 Current liabilities at fair value through profit or loss 3.2.2. - 0.4 - - 0.4 0.4 3 Trade payables 2.7. - - 79.9 - 79.9 79.9 Derivative instruments/Interest rate derivates 2.8. 1.0 - - - 1.0 1.0 2 Derivative instruments/Forward exchange contracts 2.7. 0.2 0.3 - - 0.4 0.4 2 TOTAL 1.2 0.8 382.9 0.0 384.9 384.9 2023 EUR million Note Derivatives, hedge accounting Fair value through profit or loss Amortised cost Fair value through other comprehensive income Carrying amounts of items in the balance sheet Fair value Level Financial assets Non-current financial assets Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3 Current financial assets Trade receivables 2.5. - - 96.3 - 96.3 96.3 Derivative instruments/Commodity derivatives 0.8 - - - 0.8 0.8 2 Cash and cash equivalents 4.1. - - 212.7 - 212.7 212.7 Assets held for sale - 7.6 - 7.6 7.6 TOTAL 0.8 0.0 316.6 0.7 318.1 318.1 Financial liabilities Non-current financial liabilities Borrowings 3.2.2. - - 214.8 - 214.8 214.8 2 Lease liabilities 3.2.2. - - 120.7 - 120.7 120.7 2 Non-current liabilities at fair value through profit or loss - 0.1 - - 0.1 0.1 3 Current financial liabilities Borrowings 3.2.2. - - 1.5 - 1.5 1.5 2 Lease liabilities 3.2.2. - - 13.3 - 13.3 13.3 2 Current liabilities at fair value through profit or loss 3.2.2. - 0.6 - - 0.6 0.6 3 Trade payables 2.7. - - 96.6 - 96.6 96.6 Derivative instruments/Forward exchange contracts 2.7. 1.7 0.5 - - 2.2 2.2 2 TOTAL 1.7 1.3 446.8 0.0 449.8 449.8",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-482": {
"value": "3.2 FINANCIAL ASSETS AND LIABILITIES 3.2.1 FINANCIAL ASSETS According to IFRS 9 the classification is business model driven and there are three classes: fair value through profit and loss, amortised cost and fair value through other comprehensive income. Classification is made upon initial recognition based on the purpose of use of the asset. The basis of classification is reassessed at each reporting date. All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset . The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months Impairment of financial assets The impairment model requires the recognition of impairment based on expected credit losses. The allowance for credit losses is recognised based on lifetime expected credit losses from trade receivables and contract assets. More information on the allowance for credit losses on trade receivables can be found in Note 2.5. Trade and other receivables. The impairment model does not apply to financial assets measured at fair value since those are measured at fair value which already takes into account expected credit losses . Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Amortised cost Loans and receivables arise when money, goods or services are delivered to a debtor, and they are included in current or non-current financial assets in accordance with their maturity. The assets in this category are held according to a business model of which objective is to collect contractual cash flows. In Anora, non-current receivables include loan receivables and other receivables with the maturity of over one year. Current receivables include trade receivables as well as cash and cash equivalents presented under current financial assets. Receivables are measured at amortised cost when the related payments are fixed or determinable and the instruments are not quoted in financial markets. Fair value through other comprehensive income The assets measured at fair value through other comprehensive income consist of unquoted shares, that are not held for trading purposes and at initial recognition, the Group has made a final choice that they belong to this category. The changes in fair values are recognised in other comprehensive income. 3.2.2 FINANCIAL LIABILITIES Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. Group overdrafts in use are included in current borrowings. In addition, Anora has a revolving credit facility, and the related fee is amortised on a straight-line basis in other finance expenses during the term of the facility. The exchange rate differences of intra- group foreign currency denominated loans are presented within financial items in the foreign exchange differences of the category financial liabilities at amortised cost. The fair values of loans from financial institutions and commercial paper loans are determined based on future cash flows discounted with market interest rate at the reporting date adjusted with Anora\u2019s credit risk premium. At the reporting date, the carrying amounts of the loans are not materially different from their fair values. LIABILITIES AT FAIR VALUE THROUGH PROFIT AND LOSS EUR million 2024 2023 Book value at the beginning of the period 0.8 0.6 Paid during period -0.2 0.0 Changes in value during period 0.0 0.1 Book value at the end of the period 0.5 0.8 Non-current liability 0.1 0.1 Current liability 0.4 0.6 BORROWINGS AND LEASE LIABILITIES EUR million 2024 2023 Non-current Loans from financial institutions 159.7 209.5 Loans from pension institutions 3.8 5.3 Lease liabilities 104.7 120.7 TOTAL 268.2 335.4 Current Loans from pension institutions 1.5 1.5 Commercial papers 20.0 - Lease liabilities 13.4 13.3 TOTAL 34.9 14.8 All of the Group\u2019s non-current and current loans from financial and pension institutions were denominated in euros as at 31 December 2024 and 31 December 2023. The weighted average effective interest rate (p.a.) of the Group\u2019s loans from financial and pension institutions as at 31 December 2024 was 4.7% (2023: 5.7%). The weighted average interest rate (p.a.) of the Group\u2019s lease liabilities as at 31 December 2024 was 3.9% (2023: 3.7% ). In September 2024 Anora repaid EUR 50.0 million of its term loan originally drawn under the credit facilities agreement of December 2022. Remaining term loan nominal amount is EUR 160.0 million. In December 2024 Anora exercised its second extension option in relation to its credit facilities agreement, thus extending the term loan and revolving credit facilities maturity by one year to December 2027 THE NET DEBT
Movements in net debt the year ended 31 December 2024 and 2023 are presented in the following table:
EUR million
Cash and cash
equivalents
Loans from
financial
and pension
institutions
(non-current)
Loans from
financial
and pension
institutions
(current)
Lease liabilities
(non-current)
Lease liabilities
(current) Total
Net debt as at
1 January 2024 212.7 214.8 1.5 120.7 13.3 137.5
Cash flows -29.9 -50.0 18.3 - -12.6 -14.3
Translation differences -1.3 - - -4.4 -0.5 -3.5
Other non-cash
movement - -1.3 1.6 -11.6 13.2 2.0
NET DEBT AS AT
31 DECEMBER 2024 181.5 163.5 21.5 104.7 13.4 121.6
Net debt as at
1 January 2023 91.4 216.0 31.5 132.4 12.4 300.9
Cash flows 119.2 - -31.5 - -11.2 -161.9
Translation differences 2.2 - - -6.9 -0.5 -9.5
Other non-cash
movement - -1.3 1.5 -4.8 12.5 7.9
NET DEBT AS AT
31 DECEMBER 2023 212.7 214.8 1.5 120.7 13.3 137.5
Derivative instruments
Derivatives are included in financial assets
and liabilities at fair value through profit or loss
when they do not meet the criteria of hedge
accounting pursuant to IFRS 9. These derivatives
are recognised at fair value on the trade
date, and they are subsequently measured
at fair value at the reporting date. Derivative
instruments and hedge accounting are
described in Note 3.3.
The fair values of derivatives equal the
amount that the Group would have to pay, or
it would receive from the termination of the
derivative contract at the reporting date. The
fair values of forward exchange contracts are
determined by using the market prices at the
reporting date. The fair values of interest rate
derivatives are determined by discounting
the related future cash flows. The valuation of
commodity derivatives is determined based
on the fair values received from the financial
markets .
3.2.3 CLASSIFICATION AND FAIR VALUES OF
FINANCIAL ASSETS AND LIABILITIES
At the reporting date due to short maturity fair
value of trade receivables and other short-term
receivables and liabilities equal to their value in the
balance sheet.
The following table presents the classification
of financial instruments. The levels 1\u20133 of fair value
hierarchy reflect the significance of inputs used
in determining the fair values. In level one, fair
values are based on public quotations of identical
financial instruments. In level two, the inputs used
in determining the fair values are based on quoted
market rates and prices observable for the asset or
liability in question directly (i.e. price) or indirectly
on discounted future cash flows. Fair values of other
financial assets and liabilities in level two reflect
their carrying value. In level three, the fair values of
assets and liabilities are based on inputs that are not
based on observable market data for all significant
variables, and instead are, to a significant extent,
based on management estimates and their use
in generally accepted valuation techniques. The
reported fair value level is based on the lowest level
of input information that is significant in determining
the fair value .
FAIR VALUES AND THE CARRYING AMOUNTS IN THE CONSOLIDATED BALANCE SHEET FOR EACH FINANCIAL INSTRUMENT BY CLASSES:
2024
EUR million Note
Derivatives,
hedge accounting
Fair value through
profit or loss Amortised cost
Fair value
through other
comprehensive
income
Carrying amounts
of items in the
balance sheet Fair value Level
Financial assets
Non-current financial assets
Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3
Other non-current receivables - - 0.2 - 0.2 0.2
Current financial assets
Trade receivables 2.5. - - 101.3 - 101.3 101.3
Derivative instruments/Forward
exchange contracts 1.6 0.2 - - 1.8 1.8 2
Derivative instruments/Commodity
derivatives 0.0 - - - 0.0 0.0 2
Cash and cash equivalents - - 181.5 - 181.5 181.5
TOTAL 1.6 0.2 282.9 0.7 285.4 285.4
Financial liabilities
Non-current financial liabilities
Borrowings 3.2.2. - - 163.5 - 163.5 163.5 2
Lease liabilities 3.2.2. - - 104.7 - 104.7 104.7 2
Non-current liabilities at fair value
through profit or loss - 0.1 - - 0.1 0.1 3
Current financial liabilities
Borrowings 3.2.2. - - 21.5 - 21.5 21.5 2
Lease liabilities 3.2.2. - - 13.4 - 13.4 13.4 2
Current liabilities at fair value through
profit or loss 3.2.2. - 0.4 - - 0.4 0.4 3
Trade payables 2.7. - - 79.9 - 79.9 79.9
Derivative instruments/Interest rate
derivates 2.8. 1.0 - - - 1.0 1.0 2
Derivative instruments/Forward
exchange contracts 2.7. 0.2 0.3 - - 0.4 0.4 2
TOTAL 1.2 0.8 382.9 0.0 384.9 384.9
2023
EUR million Note
Derivatives,
hedge accounting
Fair value through
profit or loss Amortised cost
Fair value
through other
comprehensive
income
Carrying amounts
of items in the
balance sheet Fair value Level
Financial assets
Non-current financial assets
Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3
Current financial assets
Trade receivables 2.5. - - 96.3 - 96.3 96.3
Derivative instruments/Commodity
derivatives 0.8 - - - 0.8 0.8 2
Cash and cash equivalents 4.1. - - 212.7 - 212.7 212.7
Assets held for sale - 7.6 - 7.6 7.6
TOTAL 0.8 0.0 316.6 0.7 318.1 318.1
Financial liabilities
Non-current financial liabilities
Borrowings 3.2.2. - - 214.8 - 214.8 214.8 2
Lease liabilities 3.2.2. - - 120.7 - 120.7 120.7 2
Non-current liabilities at fair value
through profit or loss - 0.1 - - 0.1 0.1 3
Current financial liabilities
Borrowings 3.2.2. - - 1.5 - 1.5 1.5 2
Lease liabilities 3.2.2. - - 13.3 - 13.3 13.3 2
Current liabilities at fair value through
profit or loss 3.2.2. - 0.6 - - 0.6 0.6 3
Trade payables 2.7. - - 96.6 - 96.6 96.6
Derivative instruments/Forward
exchange contracts 2.7. 1.7 0.5 - - 2.2 2.2 2
TOTAL 1.7 1.3 446.8 0.0 449.8 449.8
3.3 DERIVATIVE INSTRUMENTS AND HEDGE ACCOUNTING When the Group applies IFRS 9 hedge accounting to foreign currency, interest rate and electricity derivatives, the effective portion of the fair value change is recognised in other comprehensive income and presented within equity in the hedge reserve When hedge accounting is applied In Anora, cash flow hedging is applied to part of the interest rate, foreign currency and electricity derivatives based on case-by-case assessment. In cash flow hedging, the Group is hedging against changes in cash flows related to a specific asset or liability recognised in the balance sheet or to a highly probable future business transaction. Hedge accounting is a method of accounting with the purpose to allocate one or several hedging instruments so that their fair value changes offset in full or partly the changes in fair value or cash flow arising from the hedged risk in profit or loss during the period, for which the hedge is designated. In the beginning of the hedging arrangement, Anora documents the relationship between each hedging instrument and hedged item, as well as the objectives of risk management and the strategy in engaging in hedging. IFRS 9 requires that the effectiveness of hedging instruments is tested prospectively. Effectiveness means the ability of a hedging instrument to offset the changes in the fair value of the hedged item or changes in the cash flows of the hedged transaction attributable to the hedged risk. Under IFRS 9 the hedging relationship is regarded to be highly effective when there is an economic relationship between the hedged item and the hedging instrument. Hedging ratio is defined as a relationship between the quantity of the hedging instrument and the quantity of the hedged item. Hedge accounting is discontinued when the criteria for hedge accounting is no longer met. The unrealised gains and losses arising from fair value changes of derivative contracts to which hedge accounting is applied, are presented in hedge reserve. Forward points are included to hedging relationship. The effective portion of the unrealised changes in the fair value of derivatives designated and qualifying as cash flow hedges are recognised in other comprehensive income and presented in the hedge reserve in equity. The ineffective portion is immediately recognised in finance income or expenses in profit or loss. The cumulative gain or loss in equity on derivative instruments related to commercial items is recognised in profit or loss as an adjustment to purchases or sales simultaneously with the hedged item in the period in which the hedged item affects profit or loss. Realised gain or loss on electricity derivatives is included in operating result in electricity procurement expenses. When a hedging instrument designated as a cash flow hedge no longer meets the criteria of hedge accounting, the gain or loss accumulated in equity is recognised through finance income or expenses When hedge accounting is not applied
The accounting for gains and losses arising
from fair value measurement is dependent on
the purpose of use of the derivative. In Anora,
the changes in the fair values of derivative
instruments are immediately recognised in
profit or loss in finance income or expense if the
derivative in question is related to hedging of
commercial cash flows (purchases and sales)
and hedge accounting is not applied. The fair
value changes of other derivative instruments
are immediately recognised in profit or loss
in finance income or expense items if hedge
accounting is not applied. Derivatives, to which
hedge accounting is not applied, are acquired
to minimise the profit and/or cash flow effects
related to business operations or financing .
NOMINAL VALUES OF DERIVATIVE
INSTRUMENTS
EUR million 2024 2023
Derivative instruments
designated for cash flow
hedging
Interest rate derivatives 40.0 -
Forward exchange
contracts 101.7 64.1
Commodity derivatives,
electricity 0.9 1.2
0.0TWh 0.0TWh
Derivative instruments,
non-hedge accounting
Forward exchange
contracts 77.8 39.3
The nominal values of derivative instruments
are based on amounts and market prices at the
reporting date
INTEREST RATE SWAP
EUR million 2024 2023
Carrying amount (liability) 1.0 -
Notional amount 40.0 -
Maturity date 06-09/2029 -
Hedge ratio 1:1 -
Change in discounted value
of outstanding hedging
instruments since 1 January -1.0 -
Change in value of hedged
item used to determine
hedge effectiveness 1.0 -
Weighted average hedged
rate for the year 2.72 % -
COMMODITIES - ELECTRICITY
EUR million 2024 2023
Carrying amount (asset) 0.0 0.8
Notional amount 0.9 1.2
TWh 0.0 0.0
Maturity date 2025-2026 2024\u20132025
Hedge ratio 1:1 1:1
Change in discounted value
of outstanding hedging
instruments since 1 January -0.8 -4.6
Change in value of hedged
item used to determine
hedge effectiveness 0.8 4.6
Weighted average hedged
price EUR/MWh 41.4 30.5
EFFECTS OF HEDGE ACCOUNTING ON THE FINANCIAL POSITION AND PERFORMANCE FOREIGN CURRENCY FORWARDS EUR million EURDKK EURNOK EURSEK EURUSD USDDKK USDSEK 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Carrying amount (asset) 0.0 - 0.2 - 0.3 - 0.2 - 0.4 - 0.3 - Carrying amount (liability) - - - 0.5 - 1.0 - 0.0 - 0.1 - 0.1 Notional amount 12.3 - 22.2 12.0 44.4 36.5 4.5 2.1 8.5 10.0 5.0 1.3 Maturity date Feb '25 -Mar '26 - Feb-Sep 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Aug 2024 Hedge ratio 1:1 - 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 Change in discounted value of outstanding hedging instruments since 1 January 0.0 - 0.7 -0.5 1.3 -1.3 0.2 0.1 0.6 -0.7 0.4 -0.1 Change in value of hedged item used to determine hedge effectiveness 0.0 - -0.7 0.5 -1.3 1.3 -0.2 -0.1 -0.6 0.7 -0.4 0. Additionally, EURAUD and EURGBP are hedged with nominals between EUR 1,4 million - EUR 1,7 million. Those have only minor effect on the financial position and
performance.
Positive and negative fair values of unrealised
derivatives and their net amount are presented
below. Currency derivatives are under netting
agreements. The master netting agreements in
respect of derivatives do not meet the criteria for
offsetting in the balance sheet owing to legally
enforceable right not existing currently .
OFFSETTING FINANCIAL ASSETS AND
LIABILITIES
EUR million 2024 2023
Derivative assets:
Fair value, gross 1.9 0.8
Fair value, under netting
agreements -0.4 0.0
Fair value, net 1.4 0.8
Derivative liabilities:
Fair value, gross 1.4 2.2
Fair value, under netting
agreements -0.4 0.0
Fair value, net 1.0 2.2
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-483": {
"value": "3.2.1 FINANCIAL ASSETS According to IFRS 9 the classification is business model driven and there are three classes: fair value through profit and loss, amortised cost and fair value through other comprehensive income. Classification is made upon initial recognition based on the purpose of use of the asset. The basis of classification is reassessed at each reporting date. All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset . The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months Impairment of financial assets The impairment model requires the recognition of impairment based on expected credit losses. The allowance for credit losses is recognised based on lifetime expected credit losses from trade receivables and contract assets. More information on the allowance for credit losses on trade receivables can be found in Note 2.5. Trade and other receivables. The impairment model does not apply to financial assets measured at fair value since those are measured at fair value which already takes into account expected credit losses . Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Amortised cost Loans and receivables arise when money, goods or services are delivered to a debtor, and they are included in current or non-current financial assets in accordance with their maturity. The assets in this category are held according to a business model of which objective is to collect contractual cash flows. In Anora, non-current receivables include loan receivables and other receivables with the maturity of over one year. Current receivables include trade receivables as well as cash and cash equivalents presented under current financial assets. Receivables are measured at amortised cost when the related payments are fixed or determinable and the instruments are not quoted in financial markets. Fair value through other comprehensive income The assets measured at fair value through other comprehensive income consist of unquoted shares, that are not held for trading purposes and at initial recognition, the Group has made a final choice that they belong to this category. The changes in fair values are recognised in other comprehensive income. 3.2.3 CLASSIFICATION AND FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES At the reporting date due to short maturity fair value of trade receivables and other short-term receivables and liabilities equal to their value in the balance sheet. The following table presents the classification of financial instruments. The levels 1\u20133 of fair value hierarchy reflect the significance of inputs used in determining the fair values. In level one, fair values are based on public quotations of identical financial instruments. In level two, the inputs used in determining the fair values are based on quoted market rates and prices observable for the asset or liability in question directly (i.e. price) or indirectly on discounted future cash flows. Fair values of other financial assets and liabilities in level two reflect their carrying value. In level three, the fair values of assets and liabilities are based on inputs that are not based on observable market data for all significant variables, and instead are, to a significant extent, based on management estimates and their use in generally accepted valuation techniques. The reported fair value level is based on the lowest level of input information that is significant in determining the fair value . FAIR VALUES AND THE CARRYING AMOUNTS IN THE CONSOLIDATED BALANCE SHEET FOR EACH FINANCIAL INSTRUMENT BY CLASSES: 2024 EUR million Note Derivatives, hedge accounting Fair value through profit or loss Amortised cost Fair value through other comprehensive income Carrying amounts of items in the balance sheet Fair value Level Financial assets Non-current financial assets Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3 Other non-current receivables - - 0.2 - 0.2 0.2 Current financial assets Trade receivables 2.5. - - 101.3 - 101.3 101.3 Derivative instruments/Forward exchange contracts 1.6 0.2 - - 1.8 1.8 2 Derivative instruments/Commodity derivatives 0.0 - - - 0.0 0.0 2 Cash and cash equivalents - - 181.5 - 181.5 181.5 TOTAL 1.6 0.2 282.9 0.7 285.4 285.4 Financial liabilities Non-current financial liabilities Borrowings 3.2.2. - - 163.5 - 163.5 163.5 2 Lease liabilities 3.2.2. - - 104.7 - 104.7 104.7 2 Non-current liabilities at fair value through profit or loss - 0.1 - - 0.1 0.1 3 Current financial liabilities Borrowings 3.2.2. - - 21.5 - 21.5 21.5 2 Lease liabilities 3.2.2. - - 13.4 - 13.4 13.4 2 Current liabilities at fair value through profit or loss 3.2.2. - 0.4 - - 0.4 0.4 3 Trade payables 2.7. - - 79.9 - 79.9 79.9 Derivative instruments/Interest rate derivates 2.8. 1.0 - - - 1.0 1.0 2 Derivative instruments/Forward exchange contracts 2.7. 0.2 0.3 - - 0.4 0.4 2 TOTAL 1.2 0.8 382.9 0.0 384.9 384.9 2023 EUR million Note Derivatives, hedge accounting Fair value through profit or loss Amortised cost Fair value through other comprehensive income Carrying amounts of items in the balance sheet Fair value Level Financial assets Non-current financial assets Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3 Current financial assets Trade receivables 2.5. - - 96.3 - 96.3 96.3 Derivative instruments/Commodity derivatives 0.8 - - - 0.8 0.8 2 Cash and cash equivalents 4.1. - - 212.7 - 212.7 212.7 Assets held for sale - 7.6 - 7.6 7.6 TOTAL 0.8 0.0 316.6 0.7 318.1 318.1 Financial liabilities Non-current financial liabilities Borrowings 3.2.2. - - 214.8 - 214.8 214.8 2 Lease liabilities 3.2.2. - - 120.7 - 120.7 120.7 2 Non-current liabilities at fair value through profit or loss - 0.1 - - 0.1 0.1 3 Current financial liabilities Borrowings 3.2.2. - - 1.5 - 1.5 1.5 2 Lease liabilities 3.2.2. - - 13.3 - 13.3 13.3 2 Current liabilities at fair value through profit or loss 3.2.2. - 0.6 - - 0.6 0.6 3 Trade payables 2.7. - - 96.6 - 96.6 96.6 Derivative instruments/Forward exchange contracts 2.7. 1.7 0.5 - - 2.2 2.2 2 TOTAL 1.7 1.3 446.8 0.0 449.8 449.8TABLE 3: LIQUIDITY RESERVES Cash and cash equivalents and unused committed credit limits EUR million 2024 2023 Cash and cash equivalents 181.5 212.7 Overdraft facilities 20.0 18.9 Revolving credit line 150.0 150.0 TOTAL 351.5 381.6 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-484": {
"value": "3.2.1 FINANCIAL ASSETS According to IFRS 9 the classification is business model driven and there are three classes: fair value through profit and loss, amortised cost and fair value through other comprehensive income. Classification is made upon initial recognition based on the purpose of use of the asset. The basis of classification is reassessed at each reporting date. All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset . The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months . Impairment of financial assets The impairment model requires the recognition of impairment based on expected credit losses. The allowance for credit losses is recognised based on lifetime expected credit losses from trade receivables and contract assets. More information on the allowance for credit losses on trade receivables can be found in Note 2.5. Trade and other receivables. The impairment model does not apply to financial assets measured at fair value since those are measured at fair value which already takes into account expected credit losses . Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Amortised cost Loans and receivables arise when money, goods or services are delivered to a debtor, and they are included in current or non-current financial assets in accordance with their maturity. The assets in this category are held according to a business model of which objective is to collect contractual cash flows. In Anora, non-current receivables include loan receivables and other receivables with the maturity of over one year. Current receivables include trade receivables as well as cash and cash equivalents presented under current financial assets. Receivables are measured at amortised cost when the related payments are fixed or determinable and the instruments are not quoted in financial markets. Fair value through other comprehensive income The assets measured at fair value through other comprehensive income consist of unquoted shares, that are not held for trading purposes and at initial recognition, the Group has made a final choice that they belong to this category. The changes in fair values are recognised in other comprehensive income. 3.2.2 FINANCIAL LIABILITIES Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. Group overdrafts in use are included in current borrowings. In addition, Anora has a revolving credit facility, and the related fee is amortised on a straight-line basis in other finance expenses during the term of the facility. The exchange rate differences of intra- group foreign currency denominated loans are presented within financial items in the foreign exchange differences of the category financial liabilities at amortised cost. The fair values of loans from financial institutions and commercial paper loans are determined based on future cash flows discounted with market interest rate at the reporting date adjusted with Anora\u2019s credit risk premium. At the reporting date, the carrying amounts of the loans are not materially different from their fair values. Derivative instruments Derivatives are included in financial assets and liabilities at fair value through profit or loss when they do not meet the criteria of hedge accounting pursuant to IFRS 9. These derivatives are recognised at fair value on the trade date, and they are subsequently measured at fair value at the reporting date. Derivative instruments and hedge accounting are described in Note 3.3. The fair values of derivatives equal the amount that the Group would have to pay, or it would receive from the termination of the derivative contract at the reporting date. The fair values of forward exchange contracts are determined by using the market prices at the reporting date. The fair values of interest rate derivatives are determined by discounting the related future cash flows. The valuation of commodity derivatives is determined based on the fair values received from the financial markets . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-485": {
"value": "3.2.1 FINANCIAL ASSETS According to IFRS 9 the classification is business model driven and there are three classes: fair value through profit and loss, amortised cost and fair value through other comprehensive income. Classification is made upon initial recognition based on the purpose of use of the asset. The basis of classification is reassessed at each reporting date. All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset . The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months Impairment of financial assets The impairment model requires the recognition of impairment based on expected credit losses. The allowance for credit losses is recognised based on lifetime expected credit losses from trade receivables and contract assets. More information on the allowance for credit losses on trade receivables can be found in Note 2.5. Trade and other receivables. The impairment model does not apply to financial assets measured at fair value since those are measured at fair value which already takes into account expected credit losses . Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Amortised cost Loans and receivables arise when money, goods or services are delivered to a debtor, and they are included in current or non-current financial assets in accordance with their maturity. The assets in this category are held according to a business model of which objective is to collect contractual cash flows. In Anora, non-current receivables include loan receivables and other receivables with the maturity of over one year. Current receivables include trade receivables as well as cash and cash equivalents presented under current financial assets. Receivables are measured at amortised cost when the related payments are fixed or determinable and the instruments are not quoted in financial markets. Fair value through other comprehensive income The assets measured at fair value through other comprehensive income consist of unquoted shares, that are not held for trading purposes and at initial recognition, the Group has made a final choice that they belong to this category. The changes in fair values are recognised in other comprehensive income. 3.2.2 FINANCIAL LIABILITIES Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. Group overdrafts in use are included in current borrowings. In addition, Anora has a revolving credit facility, and the related fee is amortised on a straight-line basis in other finance expenses during the term of the facility. The exchange rate differences of intra- group foreign currency denominated loans are presented within financial items in the foreign exchange differences of the category financial liabilities at amortised cost. The fair values of loans from financial institutions and commercial paper loans are determined based on future cash flows discounted with market interest rate at the reporting date adjusted with Anora\u2019s credit risk premium. At the reporting date, the carrying amounts of the loans are not materially different from their fair values. LIABILITIES AT FAIR VALUE THROUGH PROFIT AND LOSS EUR million 2024 2023 Book value at the beginning of the period 0.8 0.6 Paid during period -0.2 0.0 Changes in value during period 0.0 0.1 Book value at the end of the period 0.5 0.8 Non-current liability 0.1 0.1 Current liability 0.4 0.6 BORROWINGS AND LEASE LIABILITIES EUR million 2024 2023 Non-current Loans from financial institutions 159.7 209.5 Loans from pension institutions 3.8 5.3 Lease liabilities 104.7 120.7 TOTAL 268.2 335.4 Current Loans from pension institutions 1.5 1.5 Commercial papers 20.0 - Lease liabilities 13.4 13.3 TOTAL 34.9 14.8 All of the Group\u2019s non-current and current loans from financial and pension institutions were denominated in euros as at 31 December 2024 and 31 December 2023. The weighted average effective interest rate (p.a.) of the Group\u2019s loans from financial and pension institutions as at 31 December 2024 was 4.7% (2023: 5.7%). The weighted average interest rate (p.a.) of the Group\u2019s lease liabilities as at 31 December 2024 was 3.9% (2023: 3.7% ). In September 2024 Anora repaid EUR 50.0 million of its term loan originally drawn under the credit facilities agreement of December 2022. Remaining term loan nominal amount is EUR 160.0 million. In December 2024 Anora exercised its second extension option in relation to its credit facilities agreement, thus extending the term loan and revolving credit facilities maturity by one year to December 2027 . THE NET DEBT Movements in net debt the year ended 31 December 2024 and 2023 are presented in the following table: EUR million Cash and cash equivalents Loans from financial and pension institutions (non-current) Loans from financial and pension institutions (current) Lease liabilities (non-current) Lease liabilities (current) Total Net debt as at 1 January 2024 212.7 214.8 1.5 120.7 13.3 137.5 Cash flows -29.9 -50.0 18.3 - -12.6 -14.3 Translation differences -1.3 - - -4.4 -0.5 -3.5 Other non-cash movement - -1.3 1.6 -11.6 13.2 2.0 NET DEBT AS AT 31 DECEMBER 2024 181.5 163.5 21.5 104.7 13.4 121.6 Net debt as at 1 January 2023 91.4 216.0 31.5 132.4 12.4 300.9 Cash flows 119.2 - -31.5 - -11.2 -161.9 Translation differences 2.2 - - -6.9 -0.5 -9.5 Other non-cash movement - -1.3 1.5 -4.8 12.5 7.9 NET DEBT AS AT 31 DECEMBER 2023 212.7 214.8 1.5 120.7 13.3 137.5 Derivative instruments Derivatives are included in financial assets and liabilities at fair value through profit or loss when they do not meet the criteria of hedge accounting pursuant to IFRS 9. These derivatives are recognised at fair value on the trade date, and they are subsequently measured at fair value at the reporting date. Derivative instruments and hedge accounting are described in Note 3.3. The fair values of derivatives equal the amount that the Group would have to pay, or it would receive from the termination of the derivative contract at the reporting date. The fair values of forward exchange contracts are determined by using the market prices at the reporting date. The fair values of interest rate derivatives are determined by discounting the related future cash flows. The valuation of commodity derivatives is determined based on the fair values received from the financial markets . 3.2.3 CLASSIFICATION AND FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES At the reporting date due to short maturity fair value of trade receivables and other short-term receivables and liabilities equal to their value in the balance sheet. The following table presents the classification of financial instruments. The levels 1\u20133 of fair value hierarchy reflect the significance of inputs used in determining the fair values. In level one, fair values are based on public quotations of identical financial instruments. In level two, the inputs used in determining the fair values are based on quoted market rates and prices observable for the asset or liability in question directly (i.e. price) or indirectly on discounted future cash flows. Fair values of other financial assets and liabilities in level two reflect their carrying value. In level three, the fair values of assets and liabilities are based on inputs that are not based on observable market data for all significant variables, and instead are, to a significant extent, based on management estimates and their use in generally accepted valuation techniques. The reported fair value level is based on the lowest level of input information that is significant in determining the fair value FAIR VALUES AND THE CARRYING AMOUNTS IN THE CONSOLIDATED BALANCE SHEET FOR EACH FINANCIAL INSTRUMENT BY CLASSES: 2024 EUR million Note Derivatives, hedge accounting Fair value through profit or loss Amortised cost Fair value through other comprehensive income Carrying amounts of items in the balance sheet Fair value Level Financial assets Non-current financial assets Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3 Other non-current receivables - - 0.2 - 0.2 0.2 Current financial assets Trade receivables 2.5. - - 101.3 - 101.3 101.3 Derivative instruments/Forward exchange contracts 1.6 0.2 - - 1.8 1.8 2 Derivative instruments/Commodity derivatives 0.0 - - - 0.0 0.0 2 Cash and cash equivalents - - 181.5 - 181.5 181.5 TOTAL 1.6 0.2 282.9 0.7 285.4 285.4 Financial liabilities Non-current financial liabilities Borrowings 3.2.2. - - 163.5 - 163.5 163.5 2 Lease liabilities 3.2.2. - - 104.7 - 104.7 104.7 2 Non-current liabilities at fair value through profit or loss - 0.1 - - 0.1 0.1 3 Current financial liabilities Borrowings 3.2.2. - - 21.5 - 21.5 21.5 2 Lease liabilities 3.2.2. - - 13.4 - 13.4 13.4 2 Current liabilities at fair value through profit or loss 3.2.2. - 0.4 - - 0.4 0.4 3 Trade payables 2.7. - - 79.9 - 79.9 79.9 Derivative instruments/Interest rate derivates 2.8. 1.0 - - - 1.0 1.0 2 Derivative instruments/Forward exchange contracts 2.7. 0.2 0.3 - - 0.4 0.4 2 TOTAL 1.2 0.8 382.9 0.0 384.9 384.9 2023 EUR million Note Derivatives, hedge accounting Fair value through profit or loss Amortised cost Fair value through other comprehensive income Carrying amounts of items in the balance sheet Fair value Level Financial assets Non-current financial assets Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3 Current financial assets Trade receivables 2.5. - - 96.3 - 96.3 96.3 Derivative instruments/Commodity derivatives 0.8 - - - 0.8 0.8 2 Cash and cash equivalents 4.1. - - 212.7 - 212.7 212.7 Assets held for sale - 7.6 - 7.6 7.6 TOTAL 0.8 0.0 316.6 0.7 318.1 318.1 Financial liabilities Non-current financial liabilities Borrowings 3.2.2. - - 214.8 - 214.8 214.8 2 Lease liabilities 3.2.2. - - 120.7 - 120.7 120.7 2 Non-current liabilities at fair value through profit or loss - 0.1 - - 0.1 0.1 3 Current financial liabilities Borrowings 3.2.2. - - 1.5 - 1.5 1.5 2 Lease liabilities 3.2.2. - - 13.3 - 13.3 13.3 2 Current liabilities at fair value through profit or loss 3.2.2. - 0.6 - - 0.6 0.6 3 Trade payables 2.7. - - 96.6 - 96.6 96.6 Derivative instruments/Forward exchange contracts 2.7. 1.7 0.5 - - 2.2 2.2 2 TOTAL 1.7 1.3 446.8 0.0 449.8 449.8",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-486": {
"value": "According to IFRS 9 the classification is business
model driven and there are three classes: fair
value through profit and loss, amortised cost and
fair value through other comprehensive income.
Classification is made upon initial recognition
based on the purpose of use of the asset. The
basis of classification is reassessed at each
reporting date.
All purchases and sales of financial
instruments are recognised on the trade date,
which is the date when the Group commits to
purchase or sell a financial instrument. Financial
assets are recognised in the balance sheet at
original cost which equals their fair value at the
acquisition date. If the asset in question is not
measured at fair value through profit or loss,
transaction costs are included in the original cost
of the financial asset .
The Group derecognises a financial asset
when the contractual rights to the cash flows
from the asset expire, or the Group transfers
all the substantial risks and rewards related to
the financial asset outside the Group. Financial
assets are included in non-current items of the
balance sheet when their maturity is over 12
months .
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForReclassificationOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-487": {
"value": "According to IFRS 9 the classification is business model driven and there are three classes: fair value through profit and loss, amortised cost and fair value through other comprehensive income. Classification is made upon initial recognition based on the purpose of use of the asset. The basis of classification is reassessed at each reporting date. All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset . The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months . Impairment of financial assets The impairment model requires the recognition of impairment based on expected credit losses. The allowance for credit losses is recognised based on lifetime expected credit losses from trade receivables and contract assets. More information on the allowance for credit losses on trade receivables can be found in Note 2.5. Trade and other receivables. The impairment model does not apply to financial assets measured at fair value since those are measured at fair value which already takes into account expected credit losses . Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Amortised cost Loans and receivables arise when money, goods or services are delivered to a debtor, and they are included in current or non-current financial assets in accordance with their maturity. The assets in this category are held according to a business model of which objective is to collect contractual cash flows. In Anora, non-current receivables include loan receivables and other receivables with the maturity of over one year. Current receivables include trade receivables as well as cash and cash equivalents presented under current financial assets. Receivables are measured at amortised cost when the related payments are fixed or determinable and the instruments are not quoted in financial markets. Fair value through other comprehensive income The assets measured at fair value through other comprehensive income consist of unquoted shares, that are not held for trading purposes and at initial recognition, the Group has made a final choice that they belong to this category. The changes in fair values are recognised in other comprehensive income. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-488": {
"value": "According to IFRS 9 the classification is business model driven and there are three classes: fair value through profit and loss, amortised cost and fair value through other comprehensive income. Classification is made upon initial recognition based on the purpose of use of the asset. The basis of classification is reassessed at each reporting date. All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset . The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months . ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfReclassificationOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-489": {
"value": "All purchases and sales of financial instruments are recognised on the trade date, which is the date when the Group commits to purchase or sell a financial instrument. Financial assets are recognised in the balance sheet at original cost which equals their fair value at the acquisition date. If the asset in question is not measured at fair value through profit or loss, transaction costs are included in the original cost of the financial asset Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Fair value through other comprehensive
income
The assets measured at fair value through other
comprehensive income consist of unquoted
shares, that are not held for trading purposes
and at initial recognition, the Group has made a
final choice that they belong to this category. The
changes in fair values are recognised in other
comprehensive income.
Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Derivative instruments Derivatives are included in financial assets and liabilities at fair value through profit or loss when they do not meet the criteria of hedge accounting pursuant to IFRS 9. These derivatives are recognised at fair value on the trade date, and they are subsequently measured at fair value at the reporting date. Derivative instruments and hedge accounting are described in Note 3.3. The fair values of derivatives equal the amount that the Group would have to pay, or it would receive from the termination of the derivative contract at the reporting date. The fair values of forward exchange contracts are determined by using the market prices at the reporting date. The fair values of interest rate derivatives are determined by discounting the related future cash flows. The valuation of commodity derivatives is determined based on the fair values received from the financial markets 3.2.3 CLASSIFICATION AND FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES At the reporting date due to short maturity fair value of trade receivables and other short-term receivables and liabilities equal to their value in the balance sheet. The following table presents the classification of financial instruments. The levels 1\u20133 of fair value hierarchy reflect the significance of inputs used in determining the fair values. In level one, fair values are based on public quotations of identical financial instruments. In level two, the inputs used in determining the fair values are based on quoted market rates and prices observable for the asset or liability in question directly (i.e. price) or indirectly on discounted future cash flows. Fair values of other financial assets and liabilities in level two reflect their carrying value. In level three, the fair values of assets and liabilities are based on inputs that are not based on observable market data for all significant variables, and instead are, to a significant extent, based on management estimates and their use in generally accepted valuation techniques. The reported fair value level is based on the lowest level of input information that is significant in determining the fair value . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-490": {
"value": "The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or the Group transfers all the substantial risks and rewards related to the financial asset outside the Group. Financial assets are included in non-current items of the balance sheet when their maturity is over 12 months . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-491": {
"value": "Impairment of financial assets The impairment model requires the recognition of impairment based on expected credit losses. The allowance for credit losses is recognised based on lifetime expected credit losses from trade receivables and contract assets. More information on the allowance for credit losses on trade receivables can be found in Note 2.5. Trade and other receivables. The impairment model does not apply to financial assets measured at fair value since those are measured at fair value which already takes into account expected credit losses ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-492": {
"value": "Financial assets recognised at fair value
through profit or loss
This category includes financial assets held for
trading purposes or otherwise designated as
financial assets recognised at fair value through
profit or loss by Anora Group. Trade receivables
that will be sold are classified in this category.
Derivative instruments held for hedging
purposes, but not qualifying for the criteria of
hedge accounting, are classified in this category.
Items in this category are initially recognised at
fair value and subsequently measured at the
fair value of each reporting date, which is the
purchase price at the end of the reporting period
determined based on public price quotations in
active markets. Realised and unrealised gains
and losses arising from changes in fair values
are recognised in profit or loss in financial items
in the period in which they are incurred if they
relate to hedging of financial items.
Financial liabilities at fair value through
profit or loss
Financial liabilities at fair value through profit
or loss include derivatives held for hedging
purposes but not qualifying for hedge
accounting and put options for the purchase
of non-controlling interests. Derivatives held for
hedging purposes but not qualifying for hedge
accounting are measured at fair value, which
is determined based on price quotations in
active markets at the reporting date. Realised
and unrealised gains or losses arising from the
changes in fair values are recognised through
profit or loss in the financial items as incurred.
Liabilities related to options for the purchase
of non-controlling interests are estimated on
the basis of pricing mechanisms applied in the
shareholder agreements discounted for the
close of the financial year. The most important
parameters in the pricing mechanisms were the
development in the share values, measured as
EBIT (operating result) up to the estimated due
date, multiplied by a fixed market based multiple.
As the basis for EBIT, the underlying companies\u2019
budgets and long-term plans up until the
expected due date are used. The discount rate
is NIBOR or STIBOR with duration matched to the
expected due date. Liabilities are immaterial in
2024 and 2023.
LIABILITIES AT FAIR VALUE THROUGH PROFIT
AND LOSS
EUR million 2024 2023
Book value at the beginning
of the period 0.8 0.6
Paid during period -0.2 0.0
Changes in value during
period 0.0 0.1
Book value at the end of the
period 0.5 0.8
Non-current liability 0.1 0.1
Current liability 0.4 0.6
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-493": {
"value": "Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. LIABILITIES AT FAIR VALUE THROUGH PROFIT AND LOSS EUR million 2024 2023 Book value at the beginning of the period 0.8 0.6 Paid during period -0.2 0.0 Changes in value during period 0.0 0.1 Book value at the end of the period 0.5 0.8 Non-current liability 0.1 0.1 Current liability 0.4 0.6 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-494": {
"value": "Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-495": {
"value": "Financial assets recognised at fair value through profit or loss This category includes financial assets held for trading purposes or otherwise designated as financial assets recognised at fair value through profit or loss by Anora Group. Trade receivables that will be sold are classified in this category. Derivative instruments held for hedging purposes, but not qualifying for the criteria of hedge accounting, are classified in this category. Items in this category are initially recognised at fair value and subsequently measured at the fair value of each reporting date, which is the purchase price at the end of the reporting period determined based on public price quotations in active markets. Realised and unrealised gains and losses arising from changes in fair values are recognised in profit or loss in financial items in the period in which they are incurred if they relate to hedging of financial items. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsHeldForTradingExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-496": {
"value": "Amortised cost
Loans and receivables arise when money, goods
or services are delivered to a debtor, and they
are included in current or non-current financial
assets in accordance with their maturity. The
assets in this category are held according to a
business model of which objective is to collect
contractual cash flows. In Anora, non-current
receivables include loan receivables and other
receivables with the maturity of over one year.
Current receivables include trade receivables
as well as cash and cash equivalents presented
under current financial assets. Receivables are
measured at amortised cost when the related
payments are fixed or determinable and the
instruments are not quoted in financial markets.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-497": {
"value": "Amortised cost Loans and receivables arise when money, goods or services are delivered to a debtor, and they are included in current or non-current financial assets in accordance with their maturity. The assets in this category are held according to a business model of which objective is to collect contractual cash flows. In Anora, non-current receivables include loan receivables and other receivables with the maturity of over one year. Current receivables include trade receivables as well as cash and cash equivalents presented under current financial assets. Receivables are measured at amortised cost when the related payments are fixed or determinable and the instruments are not quoted in financial markets. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-498": {
"value": "3.2.2 FINANCIAL LIABILITIES Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. Group overdrafts in use are included in current borrowings. In addition, Anora has a revolving credit facility, and the related fee is amortised on a straight-line basis in other finance expenses during the term of the facility. The exchange rate differences of intra- group foreign currency denominated loans are presented within financial items in the foreign exchange differences of the category financial liabilities at amortised cost. The fair values of loans from financial institutions and commercial paper loans are determined based on future cash flows discounted with market interest rate at the reporting date adjusted with Anora\u2019s credit risk premium. At the reporting date, the carrying amounts of the loans are not materially different from their fair values. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-499": {
"value": "3.2.2 FINANCIAL LIABILITIES Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. Group overdrafts in use are included in current borrowings. In addition, Anora has a revolving credit facility, and the related fee is amortised on a straight-line basis in other finance expenses during the term of the facility. The exchange rate differences of intra- group foreign currency denominated loans are presented within financial items in the foreign exchange differences of the category financial liabilities at amortised cost. The fair values of loans from financial institutions and commercial paper loans are determined based on future cash flows discounted with market interest rate at the reporting date adjusted with Anora\u2019s credit risk premium. At the reporting date, the carrying amounts of the loans are not materially different from their fair values. LIABILITIES AT FAIR VALUE THROUGH PROFIT AND LOSS EUR million 2024 2023 Book value at the beginning of the period 0.8 0.6 Paid during period -0.2 0.0 Changes in value during period 0.0 0.1 Book value at the end of the period 0.5 0.8 Non-current liability 0.1 0.1 Current liability 0.4 0.6 BORROWINGS AND LEASE LIABILITIES EUR million 2024 2023 Non-current Loans from financial institutions 159.7 209.5 Loans from pension institutions 3.8 5.3 Lease liabilities 104.7 120.7 TOTAL 268.2 335.4 Current Loans from pension institutions 1.5 1.5 Commercial papers 20.0 - Lease liabilities 13.4 13.3 TOTAL 34.9 14.8 All of the Group\u2019s non-current and current loans from financial and pension institutions were denominated in euros as at 31 December 2024 and 31 December 2023. The weighted average effective interest rate (p.a.) of the Group\u2019s loans from financial and pension institutions as at 31 December 2024 was 4.7% (2023: 5.7%). The weighted average interest rate (p.a.) of the Group\u2019s lease liabilities as at 31 December 2024 was 3.9% (2023: 3.7% ). In September 2024 Anora repaid EUR 50.0 million of its term loan originally drawn under the credit facilities agreement of December 2022. Remaining term loan nominal amount is EUR 160.0 million. In December 2024 Anora exercised its second extension option in relation to its credit facilities agreement, thus extending the term loan and revolving credit facilities maturity by one year to December 2027 . THE NET DEBT Movements in net debt the year ended 31 December 2024 and 2023 are presented in the following table: EUR million Cash and cash equivalents Loans from financial and pension institutions (non-current) Loans from financial and pension institutions (current) Lease liabilities (non-current) Lease liabilities (current) Total Net debt as at 1 January 2024 212.7 214.8 1.5 120.7 13.3 137.5 Cash flows -29.9 -50.0 18.3 - -12.6 -14.3 Translation differences -1.3 - - -4.4 -0.5 -3.5 Other non-cash movement - -1.3 1.6 -11.6 13.2 2.0 NET DEBT AS AT 31 DECEMBER 2024 181.5 163.5 21.5 104.7 13.4 121.6 Net debt as at 1 January 2023 91.4 216.0 31.5 132.4 12.4 300.9 Cash flows 119.2 - -31.5 - -11.2 -161.9 Translation differences 2.2 - - -6.9 -0.5 -9.5 Other non-cash movement - -1.3 1.5 -4.8 12.5 7.9 NET DEBT AS AT 31 DECEMBER 2023 212.7 214.8 1.5 120.7 13.3 137.5 3.2.3 CLASSIFICATION AND FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES At the reporting date due to short maturity fair value of trade receivables and other short-term receivables and liabilities equal to their value in the balance sheet. The following table presents the classification of financial instruments. The levels 1\u20133 of fair value hierarchy reflect the significance of inputs used in determining the fair values. In level one, fair values are based on public quotations of identical financial instruments. In level two, the inputs used in determining the fair values are based on quoted market rates and prices observable for the asset or liability in question directly (i.e. price) or indirectly on discounted future cash flows. Fair values of other financial assets and liabilities in level two reflect their carrying value. In level three, the fair values of assets and liabilities are based on inputs that are not based on observable market data for all significant variables, and instead are, to a significant extent, based on management estimates and their use in generally accepted valuation techniques. The reported fair value level is based on the lowest level of input information that is significant in determining the fair value . FAIR VALUES AND THE CARRYING AMOUNTS IN THE CONSOLIDATED BALANCE SHEET FOR EACH FINANCIAL INSTRUMENT BY CLASSES: 2024 EUR million Note Derivatives, hedge accounting Fair value through profit or loss Amortised cost Fair value through other comprehensive income Carrying amounts of items in the balance sheet Fair value Level Financial assets Non-current financial assets Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3 Other non-current receivables - - 0.2 - 0.2 0.2 Current financial assets Trade receivables 2.5. - - 101.3 - 101.3 101.3 Derivative instruments/Forward exchange contracts 1.6 0.2 - - 1.8 1.8 2 Derivative instruments/Commodity derivatives 0.0 - - - 0.0 0.0 2 Cash and cash equivalents - - 181.5 - 181.5 181.5 TOTAL 1.6 0.2 282.9 0.7 285.4 285.4 Financial liabilities Non-current financial liabilities Borrowings 3.2.2. - - 163.5 - 163.5 163.5 2 Lease liabilities 3.2.2. - - 104.7 - 104.7 104.7 2 Non-current liabilities at fair value through profit or loss - 0.1 - - 0.1 0.1 3 Current financial liabilities Borrowings 3.2.2. - - 21.5 - 21.5 21.5 2 Lease liabilities 3.2.2. - - 13.4 - 13.4 13.4 2 Current liabilities at fair value through profit or loss 3.2.2. - 0.4 - - 0.4 0.4 3 Trade payables 2.7. - - 79.9 - 79.9 79.9 Derivative instruments/Interest rate derivates 2.8. 1.0 - - - 1.0 1.0 2 Derivative instruments/Forward exchange contracts 2.7. 0.2 0.3 - - 0.4 0.4 2 TOTAL 1.2 0.8 382.9 0.0 384.9 384.9 2023 EUR million Note Derivatives, hedge accounting Fair value through profit or loss Amortised cost Fair value through other comprehensive income Carrying amounts of items in the balance sheet Fair value Level Financial assets Non-current financial assets Unquoted shares 3.2.1. - - - 0.7 0.7 0.7 3 Current financial assets Trade receivables 2.5. - - 96.3 - 96.3 96.3 Derivative instruments/Commodity derivatives 0.8 - - - 0.8 0.8 2 Cash and cash equivalents 4.1. - - 212.7 - 212.7 212.7 Assets held for sale - 7.6 - 7.6 7.6 TOTAL 0.8 0.0 316.6 0.7 318.1 318.1 Financial liabilities Non-current financial liabilities Borrowings 3.2.2. - - 214.8 - 214.8 214.8 2 Lease liabilities 3.2.2. - - 120.7 - 120.7 120.7 2 Non-current liabilities at fair value through profit or loss - 0.1 - - 0.1 0.1 3 Current financial liabilities Borrowings 3.2.2. - - 1.5 - 1.5 1.5 2 Lease liabilities 3.2.2. - - 13.3 - 13.3 13.3 2 Current liabilities at fair value through profit or loss 3.2.2. - 0.6 - - 0.6 0.6 3 Trade payables 2.7. - - 96.6 - 96.6 96.6 Derivative instruments/Forward exchange contracts 2.7. 1.7 0.5 - - 2.2 2.2 2 TOTAL 1.7 1.3 446.8 0.0 449.8 449.8 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-500": {
"value": "3.2.2 FINANCIAL LIABILITIES Financial liabilities are classified as financial liabilities at fair value through profit or loss and financial liabilities at amortised cost. Financial liabilities are initially measured at fair value and recognised net of transaction costs, with the exception of items measured at fair value through profit or loss. A financial liability (or a part of it) is not derecognised until the obligation specified in the contract is discharged or cancelled or expires. A financial liability is classified as current, unless the Group has an unconditional right to defer the settlement of the liability for at least 12 months after the end of the reporting period. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include derivatives held for hedging purposes but not qualifying for hedge accounting and put options for the purchase of non-controlling interests. Derivatives held for hedging purposes but not qualifying for hedge accounting are measured at fair value, which is determined based on price quotations in active markets at the reporting date. Realised and unrealised gains or losses arising from the changes in fair values are recognised through profit or loss in the financial items as incurred. Liabilities related to options for the purchase of non-controlling interests are estimated on the basis of pricing mechanisms applied in the shareholder agreements discounted for the close of the financial year. The most important parameters in the pricing mechanisms were the development in the share values, measured as EBIT (operating result) up to the estimated due date, multiplied by a fixed market based multiple. As the basis for EBIT, the underlying companies\u2019 budgets and long-term plans up until the expected due date are used. The discount rate is NIBOR or STIBOR with duration matched to the expected due date. Liabilities are immaterial in 2024 and 2023. Financial liabilities at amortised cost This category includes the Group\u2019s external loans from financial institutions, loans from pension institutions, commercial paper loans as well as trade payables. These financial liabilities are measured at amortised cost using the effective interest method. When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. Group overdrafts in use are included in current borrowings. In addition, Anora has a revolving credit facility, and the related fee is amortised on a straight-line basis in other finance expenses during the term of the facility. The exchange rate differences of intra- group foreign currency denominated loans are presented within financial items in the foreign exchange differences of the category financial liabilities at amortised cost. The fair values of loans from financial institutions and commercial paper loans are determined based on future cash flows discounted with market interest rate at the reporting date adjusted with Anora\u2019s credit risk premium. At the reporting date, the carrying amounts of the loans are not materially different from their fair values",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-501": {
"value": "When loans are paid off or refinanced, the related unamortised costs are recognised in finance expenses. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-502": {
"value": "Derivative instruments Derivatives are included in financial assets and liabilities at fair value through profit or loss when they do not meet the criteria of hedge accounting pursuant to IFRS 9. These derivatives are recognised at fair value on the trade date, and they are subsequently measured at fair value at the reporting date. Derivative instruments and hedge accounting are described in Note 3.3. The fair values of derivatives equal the amount that the Group would have to pay, or it would receive from the termination of the derivative contract at the reporting date. The fair values of forward exchange contracts are determined by using the market prices at the reporting date. The fair values of interest rate derivatives are determined by discounting the related future cash flows. The valuation of commodity derivatives is determined based on the fair values received from the financial markets When hedge accounting is applied In Anora, cash flow hedging is applied to part of the interest rate, foreign currency and electricity derivatives based on case-by-case assessment. In cash flow hedging, the Group is hedging against changes in cash flows related to a specific asset or liability recognised in the balance sheet or to a highly probable future business transaction. Hedge accounting is a method of accounting with the purpose to allocate one or several hedging instruments so that their fair value changes offset in full or partly the changes in fair value or cash flow arising from the hedged risk in profit or loss during the period, for which the hedge is designated. In the beginning of the hedging arrangement, Anora documents the relationship between each hedging instrument and hedged item, as well as the objectives of risk management and the strategy in engaging in hedging. IFRS 9 requires that the effectiveness of hedging instruments is tested prospectively. Effectiveness means the ability of a hedging instrument to offset the changes in the fair value of the hedged item or changes in the cash flows of the hedged transaction attributable to the hedged risk. Under IFRS 9 the hedging relationship is regarded to be highly effective when there is an economic relationship between the hedged item and the hedging instrument. Hedging ratio is defined as a relationship between the quantity of the hedging instrument and the quantity of the hedged item. Hedge accounting is discontinued when the criteria for hedge accounting is no longer met. The unrealised gains and losses arising from fair value changes of derivative contracts to which hedge accounting is applied, are presented in hedge reserve. Forward points are included to hedging relationship. The effective portion of the unrealised changes in the fair value of derivatives designated and qualifying as cash flow hedges are recognised in other comprehensive income and presented in the hedge reserve in equity. The ineffective portion is immediately recognised in finance income or expenses in profit or loss. The cumulative gain or loss in equity on derivative instruments related to commercial items is recognised in profit or loss as an adjustment to purchases or sales simultaneously with the hedged item in the period in which the hedged item affects profit or loss. Realised gain or loss on electricity derivatives is included in operating result in electricity procurement expenses. When a hedging instrument designated as a cash flow hedge no longer meets the criteria of hedge accounting, the gain or loss accumulated in equity is recognised through finance income or expenses . When hedge accounting is not applied The accounting for gains and losses arising from fair value measurement is dependent on the purpose of use of the derivative. In Anora, the changes in the fair values of derivative instruments are immediately recognised in profit or loss in finance income or expense if the derivative in question is related to hedging of commercial cash flows (purchases and sales) and hedge accounting is not applied. The fair value changes of other derivative instruments are immediately recognised in profit or loss in finance income or expense items if hedge accounting is not applied. Derivatives, to which hedge accounting is not applied, are acquired to minimise the profit and/or cash flow effects related to business operations or financing . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-503": {
"value": "Derivative instruments Derivatives are included in financial assets and liabilities at fair value through profit or loss when they do not meet the criteria of hedge accounting pursuant to IFRS 9. These derivatives are recognised at fair value on the trade date, and they are subsequently measured at fair value at the reporting date. Derivative instruments and hedge accounting are described in Note 3.3. The fair values of derivatives equal the amount that the Group would have to pay, or it would receive from the termination of the derivative contract at the reporting date. The fair values of forward exchange contracts are determined by using the market prices at the reporting date. The fair values of interest rate derivatives are determined by discounting the related future cash flows. The valuation of commodity derivatives is determined based on the fair values received from the financial markets . 3.3 DERIVATIVE INSTRUMENTS AND HEDGE
ACCOUNTING
When the Group applies IFRS 9 hedge accounting
to foreign currency, interest rate and electricity
derivatives, the effective portion of the fair value
change is recognised in other comprehensive
income and presented within equity in the hedge
reserve
When hedge accounting is applied
In Anora, cash flow hedging is applied to
part of the interest rate, foreign currency and
electricity derivatives based on case-by-case
assessment. In cash flow hedging, the Group is
hedging against changes in cash flows related
to a specific asset or liability recognised in the
balance sheet or to a highly probable future
business transaction. Hedge accounting is
a method of accounting with the purpose to
allocate one or several hedging instruments so
that their fair value changes offset in full or partly
the changes in fair value or cash flow arising
from the hedged risk in profit or loss during the
period, for which the hedge is designated. In the
beginning of the hedging arrangement, Anora
documents the relationship between each
hedging instrument and hedged item, as well
as the objectives of risk management and the
strategy in engaging in hedging. IFRS 9 requires
that the effectiveness of hedging instruments
is tested prospectively. Effectiveness means
the ability of a hedging instrument to offset the
changes in the fair value of the hedged item
or changes in the cash flows of the hedged
transaction attributable to the hedged risk. Under
IFRS 9 the hedging relationship is regarded to
be highly effective when there is an economic
relationship between the hedged item and the
hedging instrument. Hedging ratio is defined as a
relationship between the quantity of the hedging
instrument and the quantity of the hedged item.
Hedge accounting is discontinued when the
criteria for hedge accounting is no longer met.
The unrealised gains and losses arising
from fair value changes of derivative contracts
to which hedge accounting is applied, are
presented in hedge reserve. Forward points are
included to hedging relationship. The effective
portion of the unrealised changes in the fair
value of derivatives designated and qualifying
as cash flow hedges are recognised in other
comprehensive income and presented in the
hedge reserve in equity. The ineffective portion
is immediately recognised in finance income
or expenses in profit or loss. The cumulative
gain or loss in equity on derivative instruments
related to commercial items is recognised in
profit or loss as an adjustment to purchases
or sales simultaneously with the hedged item
in the period in which the hedged item affects
profit or loss. Realised gain or loss on electricity
derivatives is included in operating result in
electricity procurement expenses. When a
hedging instrument designated as a cash flow
hedge no longer meets the criteria of hedge
accounting, the gain or loss accumulated in
equity is recognised through finance income or
expenses .
When hedge accounting is not applied The accounting for gains and losses arising from fair value measurement is dependent on the purpose of use of the derivative. In Anora, the changes in the fair values of derivative instruments are immediately recognised in profit or loss in finance income or expense if the derivative in question is related to hedging of commercial cash flows (purchases and sales) and hedge accounting is not applied. The fair value changes of other derivative instruments are immediately recognised in profit or loss in finance income or expense items if hedge accounting is not applied. Derivatives, to which hedge accounting is not applied, are acquired to minimise the profit and/or cash flow effects related to business operations or financing ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-504": {
"value": "Derivative instruments Derivatives are included in financial assets and liabilities at fair value through profit or loss when they do not meet the criteria of hedge accounting pursuant to IFRS 9. These derivatives are recognised at fair value on the trade date, and they are subsequently measured at fair value at the reporting date. Derivative instruments and hedge accounting are described in Note 3.3. The fair values of derivatives equal the amount that the Group would have to pay, or it would receive from the termination of the derivative contract at the reporting date. The fair values of forward exchange contracts are determined by using the market prices at the reporting date. The fair values of interest rate derivatives are determined by discounting the related future cash flows. The valuation of commodity derivatives is determined based on the fair values received from the financial markets . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-505": {
"value": "3.3 DERIVATIVE INSTRUMENTS AND HEDGE ACCOUNTING When the Group applies IFRS 9 hedge accounting to foreign currency, interest rate and electricity derivatives, the effective portion of the fair value change is recognised in other comprehensive income and presented within equity in the hedge reserve When hedge accounting is applied In Anora, cash flow hedging is applied to part of the interest rate, foreign currency and electricity derivatives based on case-by-case assessment. In cash flow hedging, the Group is hedging against changes in cash flows related to a specific asset or liability recognised in the balance sheet or to a highly probable future business transaction. Hedge accounting is a method of accounting with the purpose to allocate one or several hedging instruments so that their fair value changes offset in full or partly the changes in fair value or cash flow arising from the hedged risk in profit or loss during the period, for which the hedge is designated. In the beginning of the hedging arrangement, Anora documents the relationship between each hedging instrument and hedged item, as well as the objectives of risk management and the strategy in engaging in hedging. IFRS 9 requires that the effectiveness of hedging instruments is tested prospectively. Effectiveness means the ability of a hedging instrument to offset the changes in the fair value of the hedged item or changes in the cash flows of the hedged transaction attributable to the hedged risk. Under IFRS 9 the hedging relationship is regarded to be highly effective when there is an economic relationship between the hedged item and the hedging instrument. Hedging ratio is defined as a relationship between the quantity of the hedging instrument and the quantity of the hedged item. Hedge accounting is discontinued when the criteria for hedge accounting is no longer met. The unrealised gains and losses arising from fair value changes of derivative contracts to which hedge accounting is applied, are presented in hedge reserve. Forward points are included to hedging relationship. The effective portion of the unrealised changes in the fair value of derivatives designated and qualifying as cash flow hedges are recognised in other comprehensive income and presented in the hedge reserve in equity. The ineffective portion is immediately recognised in finance income or expenses in profit or loss. The cumulative gain or loss in equity on derivative instruments related to commercial items is recognised in profit or loss as an adjustment to purchases or sales simultaneously with the hedged item in the period in which the hedged item affects profit or loss. Realised gain or loss on electricity derivatives is included in operating result in electricity procurement expenses. When a hedging instrument designated as a cash flow hedge no longer meets the criteria of hedge accounting, the gain or loss accumulated in equity is recognised through finance income or expenses When hedge accounting is not applied The accounting for gains and losses arising from fair value measurement is dependent on the purpose of use of the derivative. In Anora, the changes in the fair values of derivative instruments are immediately recognised in profit or loss in finance income or expense if the derivative in question is related to hedging of commercial cash flows (purchases and sales) and hedge accounting is not applied. The fair value changes of other derivative instruments are immediately recognised in profit or loss in finance income or expense items if hedge accounting is not applied. Derivatives, to which hedge accounting is not applied, are acquired to minimise the profit and/or cash flow effects related to business operations or financing . NOMINAL VALUES OF DERIVATIVE INSTRUMENTS EUR million 2024 2023 Derivative instruments designated for cash flow hedging Interest rate derivatives 40.0 - Forward exchange contracts 101.7 64.1 Commodity derivatives, electricity 0.9 1.2 0.0TWh 0.0TWh Derivative instruments, non-hedge accounting Forward exchange contracts 77.8 39.3 The nominal values of derivative instruments are based on amounts and market prices at the reporting date INTEREST RATE SWAP EUR million 2024 2023 Carrying amount (liability) 1.0 - Notional amount 40.0 - Maturity date 06-09/2029 - Hedge ratio 1:1 - Change in discounted value of outstanding hedging instruments since 1 January -1.0 - Change in value of hedged item used to determine hedge effectiveness 1.0 - Weighted average hedged rate for the year 2.72 % - COMMODITIES - ELECTRICITY EUR million 2024 2023 Carrying amount (asset) 0.0 0.8 Notional amount 0.9 1.2 TWh 0.0 0.0 Maturity date 2025-2026 2024\u20132025 Hedge ratio 1:1 1:1 Change in discounted value of outstanding hedging instruments since 1 January -0.8 -4.6 Change in value of hedged item used to determine hedge effectiveness 0.8 4.6 Weighted average hedged price EUR/MWh 41.4 30.5 EFFECTS OF HEDGE ACCOUNTING ON THE FINANCIAL POSITION AND PERFORMANCE FOREIGN CURRENCY FORWARDS EUR million EURDKK EURNOK EURSEK EURUSD USDDKK USDSEK 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Carrying amount (asset) 0.0 - 0.2 - 0.3 - 0.2 - 0.4 - 0.3 - Carrying amount (liability) - - - 0.5 - 1.0 - 0.0 - 0.1 - 0.1 Notional amount 12.3 - 22.2 12.0 44.4 36.5 4.5 2.1 8.5 10.0 5.0 1.3 Maturity date Feb '25 -Mar '26 - Feb-Sep 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Aug 2024 Hedge ratio 1:1 - 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 Change in discounted value of outstanding hedging instruments since 1 January 0.0 - 0.7 -0.5 1.3 -1.3 0.2 0.1 0.6 -0.7 0.4 -0.1 Change in value of hedged item used to determine hedge effectiveness 0.0 - -0.7 0.5 -1.3 1.3 -0.2 -0.1 -0.6 0.7 -0.4 0. Additionally, EURAUD and EURGBP are hedged with nominals between EUR 1,4 million - EUR 1,7 million. Those have only minor effect on the financial position and Positive and negative fair values of unrealised derivatives and their net amount are presented below. Currency derivatives are under netting agreements. The master netting agreements in respect of derivatives do not meet the criteria for offsetting in the balance sheet owing to legally enforceable right not existing currently . OFFSETTING FINANCIAL ASSETS AND LIABILITIES EUR million 2024 2023 Derivative assets: Fair value, gross 1.9 0.8 Fair value, under netting agreements -0.4 0.0 Fair value, net 1.4 0.8 Derivative liabilities: Fair value, gross 1.4 2.2 Fair value, under netting agreements -0.4 0.0 Fair value, net 1.0 2.2 CASH FLOW HEDGE RESERVE
EUR million Currency forwards Interest rate swaps Commodities Total hedge reserve
Opening balance 1 January 2023 -0.2 0.0 4.4 4.2
Change in fair value of hedging instruments recognized in OCI -3.1 0.0 -4.4 -7.5
Reclassified from OCI to profit or loss - included in purchases/sales adjustments 0.8 0.0 - 0.8
Reclassified from OCI to electricity purchases - - 0.8 0.8
Deferred tax 0.3 - -0.2 0.2
Closing balance 31 December 2023 -2.2 0.0 0.7 -1.5
Change in fair value of hedging instruments recognized in OCI -0.9 -1.1 -0.9 -3.0
Reclassified from OCI to profit or loss - included in purchases/sales adjustments 3.9 - - 3.9
Reclassified from OCI to financial income and expenses - 0.1 - 0.1
Reclassified from OCI to electricity purchases - - 0.3 0.3
Deferred tax 0.3 0.2 0.0 0.5
Closing balance 31 December 2024 1.1 -0.8 0.0 0.4
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-506": {
"value": "3.3 DERIVATIVE INSTRUMENTS AND HEDGE ACCOUNTING When the Group applies IFRS 9 hedge accounting to foreign currency, interest rate and electricity derivatives, the effective portion of the fair value change is recognised in other comprehensive income and presented within equity in the hedge reserve When hedge accounting is applied In Anora, cash flow hedging is applied to part of the interest rate, foreign currency and electricity derivatives based on case-by-case assessment. In cash flow hedging, the Group is hedging against changes in cash flows related to a specific asset or liability recognised in the balance sheet or to a highly probable future business transaction. Hedge accounting is a method of accounting with the purpose to allocate one or several hedging instruments so that their fair value changes offset in full or partly the changes in fair value or cash flow arising from the hedged risk in profit or loss during the period, for which the hedge is designated. In the beginning of the hedging arrangement, Anora documents the relationship between each hedging instrument and hedged item, as well as the objectives of risk management and the strategy in engaging in hedging. IFRS 9 requires that the effectiveness of hedging instruments is tested prospectively. Effectiveness means the ability of a hedging instrument to offset the changes in the fair value of the hedged item or changes in the cash flows of the hedged transaction attributable to the hedged risk. Under IFRS 9 the hedging relationship is regarded to be highly effective when there is an economic relationship between the hedged item and the hedging instrument. Hedging ratio is defined as a relationship between the quantity of the hedging instrument and the quantity of the hedged item. Hedge accounting is discontinued when the criteria for hedge accounting is no longer met. The unrealised gains and losses arising from fair value changes of derivative contracts to which hedge accounting is applied, are presented in hedge reserve. Forward points are included to hedging relationship. The effective portion of the unrealised changes in the fair value of derivatives designated and qualifying as cash flow hedges are recognised in other comprehensive income and presented in the hedge reserve in equity. The ineffective portion is immediately recognised in finance income or expenses in profit or loss. The cumulative gain or loss in equity on derivative instruments related to commercial items is recognised in profit or loss as an adjustment to purchases or sales simultaneously with the hedged item in the period in which the hedged item affects profit or loss. Realised gain or loss on electricity derivatives is included in operating result in electricity procurement expenses. When a hedging instrument designated as a cash flow hedge no longer meets the criteria of hedge accounting, the gain or loss accumulated in equity is recognised through finance income or expenses When hedge accounting is not applied The accounting for gains and losses arising from fair value measurement is dependent on the purpose of use of the derivative. In Anora, the changes in the fair values of derivative instruments are immediately recognised in profit or loss in finance income or expense if the derivative in question is related to hedging of commercial cash flows (purchases and sales) and hedge accounting is not applied. The fair value changes of other derivative instruments are immediately recognised in profit or loss in finance income or expense items if hedge accounting is not applied. Derivatives, to which hedge accounting is not applied, are acquired to minimise the profit and/or cash flow effects related to business operations or financing . NOMINAL VALUES OF DERIVATIVE INSTRUMENTS EUR million 2024 2023 Derivative instruments designated for cash flow hedging Interest rate derivatives 40.0 - Forward exchange contracts 101.7 64.1 Commodity derivatives, electricity 0.9 1.2 0.0TWh 0.0TWh Derivative instruments, non-hedge accounting Forward exchange contracts 77.8 39.3 The nominal values of derivative instruments are based on amounts and market prices at the reporting date INTEREST RATE SWAP EUR million 2024 2023 Carrying amount (liability) 1.0 - Notional amount 40.0 - Maturity date 06-09/2029 - Hedge ratio 1:1 - Change in discounted value of outstanding hedging instruments since 1 January -1.0 - Change in value of hedged item used to determine hedge effectiveness 1.0 - Weighted average hedged rate for the year 2.72 % - COMMODITIES - ELECTRICITY EUR million 2024 2023 Carrying amount (asset) 0.0 0.8 Notional amount 0.9 1.2 TWh 0.0 0.0 Maturity date 2025-2026 2024\u20132025 Hedge ratio 1:1 1:1 Change in discounted value of outstanding hedging instruments since 1 January -0.8 -4.6 Change in value of hedged item used to determine hedge effectiveness 0.8 4.6 Weighted average hedged price EUR/MWh 41.4 30.5 EFFECTS OF HEDGE ACCOUNTING ON THE FINANCIAL POSITION AND PERFORMANCE FOREIGN CURRENCY FORWARDS EUR million EURDKK EURNOK EURSEK EURUSD USDDKK USDSEK 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Carrying amount (asset) 0.0 - 0.2 - 0.3 - 0.2 - 0.4 - 0.3 - Carrying amount (liability) - - - 0.5 - 1.0 - 0.0 - 0.1 - 0.1 Notional amount 12.3 - 22.2 12.0 44.4 36.5 4.5 2.1 8.5 10.0 5.0 1.3 Maturity date Feb '25 -Mar '26 - Feb-Sep 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Dec 2024 Feb-Dec 2025 Feb-Aug 2024 Hedge ratio 1:1 - 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 Change in discounted value of outstanding hedging instruments since 1 January 0.0 - 0.7 -0.5 1.3 -1.3 0.2 0.1 0.6 -0.7 0.4 -0.1 Change in value of hedged item used to determine hedge effectiveness 0.0 - -0.7 0.5 -1.3 1.3 -0.2 -0.1 -0.6 0.7 -0.4 0. 1 Additionally, EURAUD and EURGBP are hedged with nominals between EUR 1,4 million - EUR 1,7 million. Those have only minor effect on the financial position and Positive and negative fair values of unrealised derivatives and their net amount are presented below. Currency derivatives are under netting agreements. The master netting agreements in respect of derivatives do not meet the criteria for offsetting in the balance sheet owing to legally enforceable right not existing currently . OFFSETTING FINANCIAL ASSETS AND LIABILITIES EUR million 2024 2023 Derivative assets: Fair value, gross 1.9 0.8 Fair value, under netting agreements -0.4 0.0 Fair value, net 1.4 0.8 Derivative liabilities: Fair value, gross 1.4 2.2 Fair value, under netting agreements -0.4 0.0 Fair value, net 1.0 2.2 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-507": {
"value": "Positive and negative fair values of unrealised derivatives and their net amount are presented below. Currency derivatives are under netting agreements. The master netting agreements in respect of derivatives do not meet the criteria for offsetting in the balance sheet owing to legally enforceable right not existing currently ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-508": {
"value": "3.4 EQUITY Share capital At the end of the reporting period, Anora Group Plc\u2019s share capital amounted to EUR 61,500,000 and the number of issued shares was 67,553,624. All shares issued have been paid in full. The shares have no nominal value. Each share has one vote at the Annual General meeting and equal rights to dividend and other distribution of assets. The company does not hold its own shares. NUMBER OF SHARES 2024 2023 Number of outstanding shares in the beginning of the financial year (Basic) 67,553,624 67,553,624 Total number of outstanding shares at the end of the financial year (Basic) 67,553,624 67,553,624 Number of outstanding share-based plan related shares in the beginning of the financial year 970,450 632,200 Shares granted during period 1,389,400 472,200 Shares forfeited during period -844,200 -133,950 Total number of outstanding share-based plan related shares at the end of the financial year 1,515,650 970,450 Total number of oustanding shares at the end of the financial year (Diluted) 69,069,274 68,524,074 Invested unrestricted equity fund The invested unrestricted equity reserve includes the subscription price of shares to the extent that it has not been recorded in share capital according to specific resolution. Hedge reserve The hedge reserve includes the fair value changes of derivative instruments used for cash flow hedging for effective hedges. Translation differences Translation differences comprise all foreign exchange differences arising from the translation of the foreign subsidiaries\u2019 financial statements into the presentation currency euro. The Group\u2019s accumulated translation differences amounted to negative EUR 50.8 million at 31 December 2024 (2023: negative EUR 44.0 million) CASH FLOW HEDGE RESERVE EUR million Currency forwards Interest rate swaps Commodities Total hedge reserve Opening balance 1 January 2023 -0.2 0.0 4.4 4.2 Change in fair value of hedging instruments recognized in OCI -3.1 0.0 -4.4 -7.5 Reclassified from OCI to profit or loss - included in purchases/sales adjustments 0.8 0.0 - 0.8 Reclassified from OCI to electricity purchases - - 0.8 0.8 Deferred tax 0.3 - -0.2 0.2 Closing balance 31 December 2023 -2.2 0.0 0.7 -1.5 Change in fair value of hedging instruments recognized in OCI -0.9 -1.1 -0.9 -3.0 Reclassified from OCI to profit or loss - included in purchases/sales adjustments 3.9 - - 3.9 Reclassified from OCI to financial income and expenses - 0.1 - 0.1 Reclassified from OCI to electricity purchases - - 0.3 0.3 Deferred tax 0.3 0.2 0.0 0.5 Closing balance 31 December 2024 1.1 -0.8 0.0 0.4 Earnings per share
Basic earnings per share is calculated by dividing
the result for the period attributable to owners of the
parent company by the weighted average number
of shares outstanding during the reporting period.
Diluted earnings per share has been calculated on
the same basis as basic earnings per share except
that it reflects the impact of potential diluting shares
due to share-based incentive plan of the Group. The
table at the start of this note show all outstanding
ordinary and potential diluting shares as of 31
December 2024.
Dividend
The Board of Directors proposes to the Annual
General Meeting that a dividend of EUR 0.22 (2023:
EUR 0.22) per share be paid for the financial year
2024.
EARNINGS PER SHARE
2024 2023
Result for the period
attributable to the
shareholders of the parent
company, EUR million 10.5 -39.9
Weighted average number of
shares outstanding basic 67,553,624 67,553,624
Weighted average number of
shares outstanding diluted 69,359,307 68,664,920
Earnings per share (EUR)
basic 0.16 -0.59
Earnings per share (EUR)
diluted 0.15 -0.58
ANORA GROUP PLC DISTRIBUTABLE FUNDS
EUR million 2024 2023
Invested unrestriced equity 52.2 52.2
Retained earnings, 1 Jan 48.0 74.4
Distribution of dividends -14.9 -14.9
Profit for the period 12.9 -11.5
Total distributable funds 98.3 100.2
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-509": {
"value": "Share capital At the end of the reporting period, Anora Group Plc\u2019s share capital amounted to EUR 61,500,000 and the number of issued shares was 67,553,624. All shares issued have been paid in full. The shares have no nominal value. Each share has one vote at the Annual General meeting and equal rights to dividend and other distribution of assets. The company does not hold its own shares. NUMBER OF SHARES 2024 2023 Number of outstanding shares in the beginning of the financial year (Basic) 67,553,624 67,553,624 Total number of outstanding shares at the end of the financial year (Basic) 67,553,624 67,553,624 Number of outstanding share-based plan related shares in the beginning of the financial year 970,450 632,200 Shares granted during period 1,389,400 472,200 Shares forfeited during period -844,200 -133,950 Total number of outstanding share-based plan related shares at the end of the financial year 1,515,650 970,450 Total number of oustanding shares at the end of the financial year (Diluted) 69,069,274 68,524,074 Invested unrestricted equity fund The invested unrestricted equity reserve includes the subscription price of shares to the extent that it has not been recorded in share capital according to specific resolution",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-510": {
"value": "Hedge reserve The hedge reserve includes the fair value changes of derivative instruments used for cash flow hedging for effective hedgesTranslation differences
Translation differences comprise all foreign
exchange differences arising from the translation
of the foreign subsidiaries\u2019 financial statements
into the presentation currency euro. The Group\u2019s
accumulated translation differences amounted to
negative EUR 50.8 million at 31 December 2024 (2023:
negative EUR 44.0 million) .
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-511": {
"value": "0.4 Earnings per share Basic earnings per share is calculated by dividing the result for the period attributable to owners of the parent company by the weighted average number of shares outstanding during the reporting period. Diluted earnings per share has been calculated on the same basis as basic earnings per share except that it reflects the impact of potential diluting shares due to share-based incentive plan of the Group. The table at the start of this note show all outstanding ordinary and potential diluting shares as of 31 December 2024. EARNINGS PER SHARE 2024 2023 Result for the period attributable to the shareholders of the parent company, EUR million 10.5 -39.9 Weighted average number of shares outstanding basic 67,553,624 67,553,624 Weighted average number of shares outstanding diluted 69,359,307 68,664,920 Earnings per share (EUR) basic 0.16 -0.59 Earnings per share (EUR) diluted 0.15 -0.58 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-512": {
"value": "Earnings per share Basic earnings per share is calculated by dividing the result for the period attributable to owners of the parent company by the weighted average number of shares outstanding during the reporting period. Diluted earnings per share has been calculated on the same basis as basic earnings per share except that it reflects the impact of potential diluting shares due to share-based incentive plan of the Group. The table at the start of this note show all outstanding ordinary and potential diluting shares as of 31 December 2024. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-513": {
"value": "Dividend The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.22 (2023: EUR 0.22) per share be paid for the financial year 2024. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDividendsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-514": {
"value": "0.22",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"fact-515": {
"value": "0.22",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR/xbrli:shares"
}
},
"fact-516": {
"value": "4 Financial and capital risk 4.1 FINANCIAL RISK MANAGEMENT Financial risk management principles The aim of Anora\u2019s financial risk management is to ensure the Group\u2019s financial stability and availability of sufficient financing options in different market situations. In addition, the aim is to support the business operations to identify business-related financial risks and their management, and to hedge against material financial risks that the core business is exposed to. The guiding principles of Anora\u2019s financial risk management are documented and described in the Group Treasury Policy. The Group is exposed to various market risks. Changes in these risks affect the company\u2019s assets, liabilities and anticipated transactions. The risks are caused by changes in interest rates, currencies and commodity market prices. Selected derivative instruments can be used to manage the risks resulting from these market risks. Anora mainly hedges against risks that impact the Group\u2019s cash flow, and, if deemed appropriate, also certain foreign currency denominated items in the balance sheet. Derivatives are solely used to hedging against the above-mentioned risks. The principles of IFRS 9 hedge accounting are applied to certain interest rate, foreign exchange as well as electricity derivatives. Financial risk management is executed as part of the Group\u2019s risk management, according to the Risk Management Principles approved by the Board of Directors. Anora\u2019s principles aiming towards financial, credit and operational continuity form the basis for financial risk management. Risk management process Special process features related to financing are described below in connection with the descriptions of market, liquidity and credit risks. The financial risk exposure is regularly reported to the Audit Committee and Anora\u2019s Board of Directors. The most significant principle decisions concerning risk management are made by the company\u2019s Board of Directors. Financial risk management Financial matters are reported regularly to the Group management. The Board of Directors processes all substantial financial matters, such as the Group\u2019s external funding arrangements. Tasks and responsibilities regarding Anora\u2019s financial operations and financial risk management are described in the financial risk management principles. The Group Treasury is responsible for securing financing, identifying risks and hedging of those risks according to Group Treasury Policy. The business units and subsidiaries are responsible for managing the risks associated with their own operations and forecasting cash flows. Risk concentrations Anora carefully analyses the financial risks and risk concentrations related to its operations. Risk concentrations identified as a result of this assessment are described in connection with the descriptions of market and credit risks. Market risk Anora defines market risk as a risk where the fair values of financial instruments or future cash flows fluctuate as a result of changes in market prices. The most significant market risks for the Group are currency risk, interest rate risk and price risks for barley and electricity. 1. Currency risk Anora is exposed to currency risks as it has operations in several different countries. The objective of the Group\u2019s currency risk management is to limit the effect of exchange rate fluctuations on the Group\u2019s cash flow in EUR. The most significant currencies are NOK, SEK, USD, AUD and DKK. Transaction risk Transaction risk is caused by foreign currency denominated items in the balance sheet and future cash flows related to sales, purchases and return of capital. Foreign exchange exposures are monitored at the Business level and future foreign currency cash flow risks of either sales or purchase contracts are hedged. The estimated future commercial exposures are evaluated by the Businesses, and the level of hedging is per Group Treasury Policy\u2019s mandate. Hedge accounting in accordance with IFRS 9 is applied to most of the hedges. Hedging transactions are executed with forward exchange contracts or options for the following 24 months at the most, predominantly following the pricing towards state monopolies in the Nordic region. In Finland and Sweden this takes place every sixth month and in Norway every fourth monthThe two tables below present the Group\u2019s
net currency position, first based on financial
instruments recorded on the balance sheet and
secondly including on a net basis also the estimated
future foreign currency net cash flows. The currency
position resulting from the financial instruments in
accordance with IFRS 7 consists of trade receivables,
trade payables, cash and cash equivalents, the
Group\u2019s internal and external loans and derivative
instruments.
The net currency risk has been taken into account
in the table if the transaction currency is other than
the Company\u2019s functional currency.
TABLE 1: THE GROUP\u2019S NET CURRENCY
POSITION AT 31 DECEMBER
The net currency position resulting from the
financial instruments in accordance with IFRS 7
EUR million 2024 2023
EUR-SEK -45.2 -29.5
EUR-NOK -27.4 -11.8
EUR-DKK -22.1 -24.7
EUR-USD 15.0 10.8
The Group\u2019s net currency position at 31 December
including also the hedged commercial cash flows
EUR million 2024 2023
EUR-SEK 10.6 7.0
EUR-NOK 12.9 31.2
EUR-DKK 6.1 -24.7
EUR-USD -3.0 -2.5
Translation risk
Translation risk is mainly caused by the parent
company\u2019s foreign currency denominated net
investments in foreign subsidiaries, which cause
a translation difference in equity in the Group\u2019s
balance sheet upon consolidation. The Group
Treasury regularly analyses the translation risk and
reports any material issues to the management. The
most significant net investments are denominated
in SEK and NOK. The translation risk has not been
hedged.
2. Interest rate risk
The objective of interest rate risk management
is to minimise the impact of fluctuations arising
from interest rate changes on the Group\u2019s profit. In
December, Anora extended the maturity of its bullet
loan and RCF by one year. At 31 December 2024 the
total nominal amount of loans was amounting to
EUR 165.3 million (2023: 216.8) and was divided as
follows:
\u2014 The EUR 160.0 million bullet loan matures in
December 2027.
\u2014 The EUR 5.3 million pension loan matures in
January 2028. The interest rate is fixed for the
whole loan period.
The maximum amount under Anora\u2019s domestic
commercial paper program is EUR 100 million. The
amount of issued commercial papers as at 31
December 2024 was EUR 20.0 (2023: 0.0) million.
The sold trade receivables are derecognised at
the time of trade with no obligation to repurchase.
The related costs are recognised in other financial
expenses. The trade receivables are current
receivables, and the related interest rate risk is not
hedged. The amount of the sold trade receivables
was EUR 163.7million at 31 December 2024 (2023: 173.6
million).
3. Price risk associated with commodities
Barley
In 2024, Anora consumed approximately 168.2 (2023:
174.0) million kilos of grain to produce ethanol and
starch. The availability of high-quality domestic
barley was ensured until the end of 2024 through
contract farming and cooperation with farmers and
grain stores. The market price of barley significantly
fluctuates year by year as a result of several factors
that affect Finnish barley supply and demand.
The price of barley is therefore considered to be a
significant risk for Anora during the financial year.
The price risk has not been hedged against with
derivative instruments.
Electricity
A strong increase in the market price of electricity
is a significant risk for Anora. In Finland, the risk
is managed by following Anora\u2019s principles for
electricity procurement and by a third-party
specialist. These principles determine the hedging
limits within which the electricity price risk is hedged
against. The hedges are executed with the bilateral
OTC-derivatives Nasdaq OMX Commodities market
as a reference.
At the end of 2024, the hedging ratio for deliveries
for the next 12 months was 98.6% (83.6%), in line with
the set targets. In 2024, the average hedging ratio
was 89.0% (86.8%).
Cash flow hedge accounting in accordance with
IFRS 9 is applied to the hedges against electricity
price risk, and hedge effectiveness is tested
quarterly. All hedging was effective in 2024 as in
2023.
Anora purchases its electricity straight from the
Nord Pool Spot markets as a delivery tied to the spot
price of the Finnish price area. As part of its electricity
purchases, Anora also purchases physical electricity
through bilateral fixed-price contracts.
4. Sensitivity to market risks
The following table describes the sensitivity of
the Group\u2019s profit and equity (before taxes) to
changes in electricity prices, interest and foreign
exchange rates. When Anora applies hedge
accounting, the sensitivity is directed at equity. When
hedge accounting is not applied, the sensitivity is
recognised as a potential impact on profit or loss.
The sensitivity to foreign exchange rate changes
is calculated from the net currency position resulting
from financial instruments.
TABLE 2: SENSITIVITY ANALYSES
Sensitivity of financial instruments to market risks
(before taxes) in accordance with IFRS 7
2024 2023
EUR million
Income
statement Equity
Income
statement Equity
+/-10% electricity - +/-0.1 - +/-0.2
+/-10% change in EUR/
DKK exchange rate +/-2.2 +/-2.2 +/-2.5 -
+/-10% change in EUR/
NOK exchange rate +/-2.7 +/-2.2 +/-1.2 +/-1.3
+/-10% change in EUR/
SEK exchange rate +/-4.5 +/-5.0 +/-2.9 +/-3.9
+/-10% change in EUR/
USD exchange rate -/+1.5 -/+1.8 -/+1.1 -/+1.3
+1%-points parallel shift
in interest rates -1.2 +1.2 -2.1 -
At the end of 2024 the total Group floating rate
liability position consists of floating rate liabilities EUR
160.0 million (2023: EUR 210.0 million).
5. Liquidity risk
The Group\u2019s activities are subject to seasonal
fluctuations and alcohol sales increase in periods
with national celebrations and public holidays,
especially at Easter and Christmas. The fourth
quarter is normally the best quarter for the Group in
terms of sales, which is also reflected in cash flows.
In order to manage the liquidity risk, Anora
continuously maintains sufficient liquidity reserves,
which at the end of 2024 comprised Group\u2019s EUR
20 million (2023: EUR 10 million and NOK 100 million)
overdraft facilities and a EUR 150 million revolving
credit facility. At the end of December 2024, no
revolving credit facility was in use (2023: EUR 0.0
million). The facilities mature in December 2027.
More detailed information on the Group\u2019s external
loans is provided in the interest rate risk section.
Anora has a domestic commercial paper
program of EUR 100 million. The amount of issued
commercial papers as at 31 December 2024 was EUR
20.0 (2023: 0.0) million.
TABLE 3: LIQUIDITY RESERVES
Cash and cash equivalents and unused committed
credit limits
EUR million 2024 2023
Cash and cash equivalents 181.5 212.7
Overdraft facilities 20.0 18.9
Revolving credit line 150.0 150.0
TOTAL 351.5 381.6
6. Credit risk
The objective of Anora\u2019s credit risk management
is to minimise the losses if one of the Group\u2019s
counterparties fails to meet its obligations. The
principles of credit risk management are described
in the Group\u2019s credit policy.
Credit risks are caused by a counterparty not
fulfilling its contractual payment obligations or the
counterparty\u2019s credit rating changing in a manner
that affects the market value of the financial
instruments it has issued.
The aim is to minimise credit risks by active credit
management and by considering customers\u2019 credit
rating when determining the payment term of
invoices. A significant share of the Group\u2019s revenue
is associated with the state monopolies in the
Nordic region where there is not considered to be
any credit risk. The Group\u2019s credit risk is otherwise
spread over industrial customers, alcoholic
beverage wholesalers, retail grocery stores, and a
large number of small customers within the HoReCa
industry as well as a small number of distributors
outside the home markets.
TABLE 4: MATURITIES OF FINANCIAL LIABILITIES
Contractual payments on financial
liabilities 2024 Cash flows 2025 Cash flows 2026 Cash flows 2027\u2013
EUR million
Total
contractual
cash flows Fixed rate Variable rate Repayment Fixed rate Variable rate Repayment Fixed rate Variable rate Repayment
Non-derivative:
Loans from financial institutions
1
-181.1 - -7.1 - - -7.0 - - -7.0 -160.0
Loans from pension institutions
2
-5.4 -0.1 - -1.5 0.0 - -1.5 0.0 - -2.3
Lease liabilities -146.7 - -4.8 -13.3 - -4.3 -15.8 - -19.6 -89.0
Trade payables and other -80.4 - - -80.4 - - - - - -
Derivative:
Currency derivatives,
hedge accounting
Inflow 101.8 - - 98.4 - - 3.3 - - -
Outflow -100.2 - - -96.8 - - -3.3 - - -
Currency derivatives,
non-hedge accounting
Inflow 77.7 - - 77.7 - - - - - -
Outflow -77.7 - - -77.7 - - - - - -
Interest rate derivatives,
hedge accounting -1.0 -0.2 - - -0.2 - - -0.6 - -
Commodity derivatives,
hedge accounting -0.9 - - -0.7 - - -0.2 - - -
TOTAL -413.8 -0.3 -11.9 -94.3 -0.3 -11.3 -17.5 -0.6 -26.6 -251.2
1
Loans from financial institutions mature 2027
2
Loans from pension institutions mature 2028
TABLE 4: MATURITIES OF FINANCIAL LIABILITIES
Contractual payments on financial
liabilities 2023 Cash flows 2024 Cash flows 2025 Cash flows 2026\u2013
EUR million
Total
contractual
cash flows Fixed rate Variable rate Repayment Fixed rate Variable rate Repayment Fixed rate Variable rate Repayment
Non-derivative:
Loans from financial institutions
1
-247.2 - -12.4 - - -12.5 - - -12.3 -210.0
Loans from pension institutions
2
-7.0 -0.1 - -1.5 -0.1 0.0 -1.5 -0.1 - -3.8
Lease liabilities -170.0 - -5.4 -13.1 - -4.9 -17.6 - -25.7 -103.3
Trade payables and other
3
-97.2 - - -97.2 - - - - - -
Derivative:
Currency derivatives,
hedge accounting
Inflow 63.7 - - 63.7 - - - - - -
Outflow -65.3 - - -65.3 - - - - - -
Currency derivatives,
non-hedge accounting
Inflow 39.0 - - 39.0 - - - - - -
Outflow -40.0 - - -40.0 - - - - - -
Interest rate derivatives,
hedge accounting - - - - - - - - - -
Commodity derivatives,
hedge accounting -1.2 - - -0.7 - - -0.5 - - -
TOTAL -525.1 -0.1 -17.8 -115.1 -0.1 -17.3 -19.6 -0.1 -38.0 -317.0
1
Loans from financial institutions mature 2027
2
Loans from pension institutions mature 2028
3
Restated
BUSINESS OVERVIEW
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-517": {
"value": "Market risk
Anora defines market risk as a risk where the fair
values of financial instruments or future cash flows
fluctuate as a result of changes in market prices.
The most significant market risks for the Group are
currency risk, interest rate risk and price risks for
barley and electricity.
1. Currency risk
Anora is exposed to currency risks as it has
operations in several different countries. The
objective of the Group\u2019s currency risk management
is to limit the effect of exchange rate fluctuations on
the Group\u2019s cash flow in EUR. The most significant
currencies are NOK, SEK, USD, AUD and DKK.
Transaction risk
Transaction risk is caused by foreign currency
denominated items in the balance sheet and future
cash flows related to sales, purchases and return of
capital.
Foreign exchange exposures are monitored at
the Business level and future foreign currency cash
flow risks of either sales or purchase contracts are
hedged. The estimated future commercial exposures
are evaluated by the Businesses, and the level of
hedging is per Group Treasury Policy\u2019s mandate.
Hedge accounting in accordance with IFRS 9 is
applied to most of the hedges. Hedging transactions
are executed with forward exchange contracts or
options for the following 24 months at the most,
predominantly following the pricing towards state
monopolies in the Nordic region. In Finland and
Sweden this takes place every sixth month and in
Norway every fourth month.
The two tables below present the Group\u2019s net currency position, first based on financial instruments recorded on the balance sheet and secondly including on a net basis also the estimated future foreign currency net cash flows. The currency position resulting from the financial instruments in accordance with IFRS 7 consists of trade receivables, trade payables, cash and cash equivalents, the Group\u2019s internal and external loans and derivative instruments. The net currency risk has been taken into account in the table if the transaction currency is other than the Company\u2019s functional currency. TABLE 1: THE GROUP\u2019S NET CURRENCY POSITION AT 31 DECEMBER The net currency position resulting from the financial instruments in accordance with IFRS 7 EUR million 2024 2023 EUR-SEK -45.2 -29.5 EUR-NOK -27.4 -11.8 EUR-DKK -22.1 -24.7 EUR-USD 15.0 10.8 The Group\u2019s net currency position at 31 December including also the hedged commercial cash flows EUR million 2024 2023 EUR-SEK 10.6 7.0 EUR-NOK 12.9 31.2 EUR-DKK 6.1 -24.7 EUR-USD -3.0 -2.5 Translation risk Translation risk is mainly caused by the parent company\u2019s foreign currency denominated net investments in foreign subsidiaries, which cause a translation difference in equity in the Group\u2019s balance sheet upon consolidation. The Group Treasury regularly analyses the translation risk and reports any material issues to the management. The most significant net investments are denominated in SEK and NOK. The translation risk has not been hedged. 2. Interest rate risk The objective of interest rate risk management is to minimise the impact of fluctuations arising from interest rate changes on the Group\u2019s profit. In December, Anora extended the maturity of its bullet loan and RCF by one year. At 31 December 2024 the total nominal amount of loans was amounting to EUR 165.3 million (2023: 216.8) and was divided as follows: \u2014 The EUR 160.0 million bullet loan matures in December 2027. \u2014 The EUR 5.3 million pension loan matures in January 2028. The interest rate is fixed for the whole loan period. The maximum amount under Anora\u2019s domestic commercial paper program is EUR 100 million. The amount of issued commercial papers as at 31 December 2024 was EUR 20.0 (2023: 0.0) million. The sold trade receivables are derecognised at the time of trade with no obligation to repurchase. The related costs are recognised in other financial expenses. The trade receivables are current receivables, and the related interest rate risk is not hedged. The amount of the sold trade receivables was EUR 163.7million at 31 December 2024 (2023: 173.6 million). 3. Price risk associated with commodities Barley In 2024, Anora consumed approximately 168.2 (2023: 174.0) million kilos of grain to produce ethanol and starch. The availability of high-quality domestic barley was ensured until the end of 2024 through contract farming and cooperation with farmers and grain stores. The market price of barley significantly fluctuates year by year as a result of several factors that affect Finnish barley supply and demand. The price of barley is therefore considered to be a significant risk for Anora during the financial year. The price risk has not been hedged against with derivative instruments. Electricity A strong increase in the market price of electricity is a significant risk for Anora. In Finland, the risk is managed by following Anora\u2019s principles for electricity procurement and by a third-party specialist. These principles determine the hedging limits within which the electricity price risk is hedged against. The hedges are executed with the bilateral OTC-derivatives Nasdaq OMX Commodities market as a reference. At the end of 2024, the hedging ratio for deliveries for the next 12 months was 98.6% (83.6%), in line with the set targets. In 2024, the average hedging ratio was 89.0% (86.8%). Cash flow hedge accounting in accordance with IFRS 9 is applied to the hedges against electricity price risk, and hedge effectiveness is tested quarterly. All hedging was effective in 2024 as in 2023. Anora purchases its electricity straight from the Nord Pool Spot markets as a delivery tied to the spot price of the Finnish price area. As part of its electricity purchases, Anora also purchases physical electricity through bilateral fixed-price contracts. 4. Sensitivity to market risks The following table describes the sensitivity of the Group\u2019s profit and equity (before taxes) to changes in electricity prices, interest and foreign exchange rates. When Anora applies hedge accounting, the sensitivity is directed at equity. When hedge accounting is not applied, the sensitivity is recognised as a potential impact on profit or loss. The sensitivity to foreign exchange rate changes is calculated from the net currency position resulting from financial instruments. TABLE 2: SENSITIVITY ANALYSES Sensitivity of financial instruments to market risks (before taxes) in accordance with IFRS 7 2024 2023 EUR million Income statement Equity Income statement Equity +/-10% electricity - +/-0.1 - +/-0.2 +/-10% change in EUR/ DKK exchange rate +/-2.2 +/-2.2 +/-2.5 - +/-10% change in EUR/ NOK exchange rate +/-2.7 +/-2.2 +/-1.2 +/-1.3 +/-10% change in EUR/ SEK exchange rate +/-4.5 +/-5.0 +/-2.9 +/-3.9 +/-10% change in EUR/ USD exchange rate -/+1.5 -/+1.8 -/+1.1 -/+1.3 +1%-points parallel shift in interest rates -1.2 +1.2 -2.1 - At the end of 2024 the total Group floating rate liability position consists of floating rate liabilities EUR 160.0 million (2023: EUR 210.0 million). ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-519": {
"value": "5. Liquidity risk The Group\u2019s activities are subject to seasonal fluctuations and alcohol sales increase in periods with national celebrations and public holidays, especially at Easter and Christmas. The fourth quarter is normally the best quarter for the Group in terms of sales, which is also reflected in cash flows. In order to manage the liquidity risk, Anora continuously maintains sufficient liquidity reserves, which at the end of 2024 comprised Group\u2019s EUR 20 million (2023: EUR 10 million and NOK 100 million) overdraft facilities and a EUR 150 million revolving credit facility. At the end of December 2024, no revolving credit facility was in use (2023: EUR 0.0 million). The facilities mature in December 2027. More detailed information on the Group\u2019s external loans is provided in the interest rate risk section. Anora has a domestic commercial paper program of EUR 100 million. The amount of issued commercial papers as at 31 December 2024 was EUR 20.0 (2023: 0.0) million. TABLE 3: LIQUIDITY RESERVES Cash and cash equivalents and unused committed credit limits EUR million 2024 2023 Cash and cash equivalents 181.5 212.7 Overdraft facilities 20.0 18.9 Revolving credit line 150.0 150.0 TOTAL 351.5 381.6 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-521": {
"value": "6. Credit risk The objective of Anora\u2019s credit risk management is to minimise the losses if one of the Group\u2019s counterparties fails to meet its obligations. The principles of credit risk management are described in the Group\u2019s credit policy. Credit risks are caused by a counterparty not fulfilling its contractual payment obligations or the counterparty\u2019s credit rating changing in a manner that affects the market value of the financial instruments it has issued. The aim is to minimise credit risks by active credit management and by considering customers\u2019 credit rating when determining the payment term of invoices. A significant share of the Group\u2019s revenue is associated with the state monopolies in the Nordic region where there is not considered to be any credit risk. The Group\u2019s credit risk is otherwise spread over industrial customers, alcoholic beverage wholesalers, retail grocery stores, and a large number of small customers within the HoReCa industry as well as a small number of distributors outside the home markets",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-522": {
"value": "4.2 CAPITAL RISK MANAGEMENT
The target of Anora\u2019s capital management is to
secure an effective capital structure that supports
the profitable growth of the operations. The Board
of Directors monitors the Group\u2019s capital structure
regularly.
Anora monitors its capital based on total Net
Debt to Comparable EBITDA. The ratio is calculated
by dividing net debt with the last 12 month\u2019s
comparable EBITDA of the Group.
During the business cycle, Group\u2019s Net debt to
comparable EBITDA is likely to fluctuate, and the
objective is to retain a sufficiently strong capital
structure to secure the Group\u2019s financing needs. Net
debt / comparable EBITDA is a covenant used in
Group\u2019s funding arrangements. During the financial
period, the covenants were not in breach. These are
tested quarterly and as of current no foreseeable
risk of being in breach of the covenant. At 31
December 2024 and 31 December 2023 the Net debt
comparable/ EBITDA was as follows:
TABLE 5: NET DEBT/COMPARABLE EBITDA AS
OF 31 DECEMBER
EUR million 2024 2023
Comparable EBITDA 68.9 68.2
Borrowings 185.0 216.3
Lease liabilities 118.1 134.0
Cash and cash equivalents -181.5 -212.7
Net debt 121.6 137.5
Net Debt /Comparable
EBITDA AT 31 DECEMBER 1.8 2.0
Nominal amounts of loans
with covenants 165.3 216.8
Tresholds for financial
covenants: Net Debt to EBITDA <3.8 <3.8
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-523": {
"value": "5 Consolidation
5.1 GENERAL CONSOLIDATION PRINCIPLES
Consolidation
Consolidation, consolidation method and
classification of ownership interests depends on
whether the Group has power to control or jointly
control the entity or have significant influence or
other interests in the entity. When the Group has
power to control the entity, it is consolidated as a
subsidiary. Power to control an entity is normally
achieved when shareholding is above 50%.
When the Group has joint control or significant
influence over an entity but does not have
power to control, entity is accounted for by
using the principles described under Associated
companies\u2019 section. Significant influence is
normally achieved when the Group has between
20% - 50% shareholding.
If the Group does not have power to control
nor significant influence in the entity, its
ownership interests are classified as financial
assets at fair value through other comprehensive
income and accounted for according to
principles described in Note 3.2.1. This normally
happens when the Group\u2019s ownership is below
20%.
Subsidiaries consolidation principles
Consolidated financial statements of Anora
include the parent company, Anora Group
Plc, and all subsidiaries. Subsidiaries are all
those in which the parent company exercises
control. The Group controls an entity when it is
exposed, or has rights, to variable returns from
its involvement with the investee, and could
affect those returns through its power over the
investee. The financial statements of acquired
subsidiaries are included in the consolidated
financial statements from the date that control
commences until the date that control ceases.
All business combinations are accounted
for by using the acquisition method. The
consideration transferred and the identifiable
assets acquired, and liabilities assumed in the
acquired company are measured at fair value
at the acquisition date. The aggregate amount
of the consideration transferred, the amount of
non-controlling interests and any previously held
equity interest in the acquiree, exceeding the fair
value of the net assets acquired is recorded as
goodwill.
All acquisition-related costs, with the
exception of costs to issue debt or equity
securities, are expensed. The consideration
transferred does not include any transactions
accounted for separately from the acquisition.
Any contingent consideration is recognised
at fair value at the acquisition date, and it is
classified as either liability or equity. Contingent
consideration classified as a liability is measured
at fair value at each reporting date and any
resulting gain or loss is recognised in profit or
loss.
Intra-group transactions, receivables, liabilities
and unrealised gains, as well as the distribution
of profits within the Group are eliminated in
preparing the consolidated financial statements.
Unrealised losses are not eliminated if the loss in
question results from impairment.
Non-controlling interests
Non-controlling interests\u2019 share of profit after tax
is shown on a separate line after Group\u2019s result
for the period. Non-controlling interests\u2019 share of
equity is shown on a separate line as part of the
Group\u2019s total equity.
In some subsidiaries with non-controlling
interests, the non-controlling shareholder(s)
have a put option related to the non-controlling
interest, where the Group does not have control
of the non-controlling interests before the
options are exercised, nor does it have control
of whether the options will be exercised, or when
this exercise may take place. The value of such
options is recognised as liability at fair value
through profit and loss in the balance sheet and
reduces the non-controlling share of equity.
This means that the non-controlling interests
presented in the income statement and in the
equity show only values where the minority does
not have put options related to the minority
shares.
The Group treats transactions with non-
controlling interests that do not result in a loss of
control as equity transactions .
Associated companies
Associated companies are all entities where the
Group has joint control or significant influence
over an entity but does not have power to
control the entity. Normally this is when the
Group accompanies a shareholding of over
20% of voting rights or otherwise has significant
influence, but not control.
Associated companies are consolidated
by using the equity method. Under the equity
method, the investment is initially recognised
at cost and subsequently adjusted with the
change in the net assets of the investee after the
acquisition date, consistent with the ownership
interest of the Group. After the acquisition the
Group\u2019s share in the associated company\u2019s profit
and loss for the period is separately disclosed
in the Group\u2019s income statement, presented
after operating result. If the Group\u2019s share in the
associated company\u2019s loss exceeds the carrying
amount of the investment, the investment is
recognised at zero value in the consolidated
balance sheet and the loss exceeding the
carrying amount is not consolidated, unless the
Group has committed to fulfil the company\u2019s
obligations. The carrying amount of equity-
accounted investments includes goodwill arisen
on acquisition, when applicable. The Group\u2019s
share in changes in the associated company\u2019s
other comprehensive income is recognised
in consolidated other comprehensive income
(OCI).
The result of the transactions between the
Group and its associates are recognised only
to the extent of attributable to external owners.
When the Group ceases to consolidate or equity
account for an investment because of a loss of
control, joint control or significant influence, any
retained interest in the entity is remeasured to
its fair value, with the change in carrying amount
recognised in profit or loss.
Financial statements of associated
companies have been changed when necessary
to correspond with the accounting policies
adopted by the Group. If financial statements
for the period are not available, the share of the
profit is included in the consolidated financial
statements based on the preliminary financial
statements or latest available information.
Critical estimates and management
judgements - Associated companies
Management judgment and estimates are
applied in assessing the recoverability of
investments in associates. The carrying amount
of equity-accounted investments, including
possible goodwill, are assessed for impairment
when objective evidence indicates that the net
investment may be impaired. The impairment,
when applicable, is recognised in share of results
in associated companies .
Joint arrangements
A joint arrangement is an arrangement of
which two or more parties have contractually
agreed joint control which exists only when
decisions about the relevant activities require
the unanimous consent of the parties sharing
control. A joint arrangement is either a joint
operation or a joint venture .
Foreign currency items
All transactions in foreign currency are converted
to functional currency at the time of the
transaction. Monetary items in foreign currency
are converted on the balance sheet date into
functional currency by using the exchange rate
on the balance sheet date.
The consolidated financial statements are
presented in euro, which is the functional
currency of the parent company.
The functional currency in the subsidiaries
is the currency in which the subsidiary reports
its legal statutory accounts, and the Group has
subsidiaries with functional currencies EUR, SEK,
NOK and DKK. When consolidating subsidiaries
that have a functional currency other than
euro, profit and loss items are converted to the
Group\u2019s presentation currency at year-to-date
average exchange rates published by the
European Central Bank.
For balance sheet items reported in other
currencies than euro, including goodwill and
other assets assumed when accounting for
business combinations, the conversion to euro is
based on closing rate on the reporting date.
Exchange rates used for translation of
reported figures in foreign functional currencies
during 2024 are :
EXCHANGE RATES DURING 2024
Functional
currencies
reported
Average
rate
2024
Closing
rate
31.12.2024
Average
rate
2023
Closing
rate
31.12.2023
Swedish
krona SEK 11.4498 11.4590 11.4842 11.0960
Norwegian
krone NOK 11.6495 11.7950 11.4684 11.2405
Danish
krone DKK 7.4579 7.4578 7.4513 7.4529
Translation differences arising from
elimination of the cost of foreign subsidiaries and
from translation of the foreign subsidiaries\u2019 post-
acquisition profits and losses are recognised in
other comprehensive income and presented as
a separate item within equity. Goodwill and the
fair value adjustments to the carrying amounts
of assets and liabilities of foreign subsidiaries
are accounted for as assets and liabilities of
the respective foreign subsidiary, which are
translated to euro using the closing rate at the
reporting date. If these foreign units are entirely
or partly disposed, related exchange rate
differences are recognised in profit or loss as
part of the gain or loss on disposal.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-524": {
"value": "5.1 GENERAL CONSOLIDATION PRINCIPLES Consolidation Consolidation, consolidation method and classification of ownership interests depends on whether the Group has power to control or jointly control the entity or have significant influence or other interests in the entity. When the Group has power to control the entity, it is consolidated as a subsidiary. Power to control an entity is normally achieved when shareholding is above 50%. When the Group has joint control or significant influence over an entity but does not have power to control, entity is accounted for by using the principles described under Associated companies\u2019 section. Significant influence is normally achieved when the Group has between 20% - 50% shareholding. If the Group does not have power to control nor significant influence in the entity, its ownership interests are classified as financial assets at fair value through other comprehensive income and accounted for according to principles described in Note 3.2.1. This normally happens when the Group\u2019s ownership is below 20%. Subsidiaries consolidation principles Consolidated financial statements of Anora include the parent company, Anora Group Plc, and all subsidiaries. Subsidiaries are all those in which the parent company exercises control. The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee, and could affect those returns through its power over the investee. The financial statements of acquired subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. All business combinations are accounted for by using the acquisition method. The consideration transferred and the identifiable assets acquired, and liabilities assumed in the acquired company are measured at fair value at the acquisition date. The aggregate amount of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, exceeding the fair value of the net assets acquired is recorded as goodwill. All acquisition-related costs, with the exception of costs to issue debt or equity securities, are expensed. The consideration transferred does not include any transactions accounted for separately from the acquisition. Any contingent consideration is recognised at fair value at the acquisition date, and it is classified as either liability or equity. Contingent consideration classified as a liability is measured at fair value at each reporting date and any resulting gain or loss is recognised in profit or loss. Intra-group transactions, receivables, liabilities and unrealised gains, as well as the distribution of profits within the Group are eliminated in preparing the consolidated financial statements. Unrealised losses are not eliminated if the loss in question results from impairment. Non-controlling interests Non-controlling interests\u2019 share of profit after tax is shown on a separate line after Group\u2019s result for the period. Non-controlling interests\u2019 share of equity is shown on a separate line as part of the Group\u2019s total equity. In some subsidiaries with non-controlling interests, the non-controlling shareholder(s) have a put option related to the non-controlling interest, where the Group does not have control of the non-controlling interests before the options are exercised, nor does it have control of whether the options will be exercised, or when this exercise may take place. The value of such options is recognised as liability at fair value through profit and loss in the balance sheet and reduces the non-controlling share of equity. This means that the non-controlling interests presented in the income statement and in the equity show only values where the minority does not have put options related to the minority shares. The Group treats transactions with non- controlling interests that do not result in a loss of control as equity transactions . Associated companies Associated companies are all entities where the Group has joint control or significant influence over an entity but does not have power to control the entity. Normally this is when the Group accompanies a shareholding of over 20% of voting rights or otherwise has significant influence, but not control. Associated companies are consolidated by using the equity method. Under the equity method, the investment is initially recognised at cost and subsequently adjusted with the change in the net assets of the investee after the acquisition date, consistent with the ownership interest of the Group. After the acquisition the Group\u2019s share in the associated company\u2019s profit and loss for the period is separately disclosed in the Group\u2019s income statement, presented after operating result. If the Group\u2019s share in the associated company\u2019s loss exceeds the carrying amount of the investment, the investment is recognised at zero value in the consolidated balance sheet and the loss exceeding the carrying amount is not consolidated, unless the Group has committed to fulfil the company\u2019s obligations. The carrying amount of equity- accounted investments includes goodwill arisen on acquisition, when applicable. The Group\u2019s share in changes in the associated company\u2019s other comprehensive income is recognised in consolidated other comprehensive income (OCI). The result of the transactions between the Group and its associates are recognised only to the extent of attributable to external owners. When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. Financial statements of associated companies have been changed when necessary to correspond with the accounting policies adopted by the Group. If financial statements for the period are not available, the share of the profit is included in the consolidated financial statements based on the preliminary financial statements or latest available information. Critical estimates and management judgements - Associated companies Management judgment and estimates are applied in assessing the recoverability of investments in associates. The carrying amount of equity-accounted investments, including possible goodwill, are assessed for impairment when objective evidence indicates that the net investment may be impaired. The impairment, when applicable, is recognised in share of results in associated companies . Joint arrangements A joint arrangement is an arrangement of which two or more parties have contractually agreed joint control which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint arrangement is either a joint operation or a joint venture . Foreign currency items All transactions in foreign currency are converted to functional currency at the time of the transaction. Monetary items in foreign currency are converted on the balance sheet date into functional currency by using the exchange rate on the balance sheet date. The consolidated financial statements are presented in euro, which is the functional currency of the parent company. The functional currency in the subsidiaries is the currency in which the subsidiary reports its legal statutory accounts, and the Group has subsidiaries with functional currencies EUR, SEK, NOK and DKK. When consolidating subsidiaries that have a functional currency other than euro, profit and loss items are converted to the Group\u2019s presentation currency at year-to-date average exchange rates published by the European Central Bank. For balance sheet items reported in other currencies than euro, including goodwill and other assets assumed when accounting for business combinations, the conversion to euro is based on closing rate on the reporting date. Exchange rates used for translation of reported figures in foreign functional currencies during 2024 are : EXCHANGE RATES DURING 2024 Functional currencies reported Average rate 2024 Closing rate 31.12.2024 Average rate 2023 Closing rate 31.12.2023 Swedish krona SEK 11.4498 11.4590 11.4842 11.0960 Norwegian krone NOK 11.6495 11.7950 11.4684 11.2405 Danish krone DKK 7.4579 7.4578 7.4513 7.4529 Translation differences arising from elimination of the cost of foreign subsidiaries and from translation of the foreign subsidiaries\u2019 post- acquisition profits and losses are recognised in other comprehensive income and presented as a separate item within equity. Goodwill and the fair value adjustments to the carrying amounts of assets and liabilities of foreign subsidiaries are accounted for as assets and liabilities of the respective foreign subsidiary, which are translated to euro using the closing rate at the reporting date. If these foreign units are entirely or partly disposed, related exchange rate differences are recognised in profit or loss as part of the gain or loss on disposal. 5.2 CHANGES IN GROUP STRUCTURE Sale of shares in Roal Oy ABF Overseas Limited (\u201cABF\u201d) has exercised their call option to acquire all of Anora Group Plc\u2019s shares in Roal Oy, a former joint operation of Anora Group Plc and ABF, at a fixed purchase price of EUR 7.6 million. The transaction was closed on 28 March 2024. The carrying value of investment in Roal Oy was classified as held for sale in the 2023 financial statements, as described in Note 5.4, and no gain or loss on disposal was recognised in 2024. Establishment of Anora Lithuania Anora Lithuania, a wholly owned subsidiary of Anora Group Plc, was officially established on 13 November 2024, with commercial operations set to commence in 2025. Sale of Larsen business in 2023 Anora Group sold its Larsen cognac business to International Beverage Holdings limited as at 29th of September 2023. The disposal includes Anora\u2019s brands Larsen, Renault, Monopol and ibis as well as the company\u2019s subsidiary Larsen S.A.S with its production site in Cognac, France and Anora\u2019s eaux-de vie maturation stock. Critical accounting estimate and management judgement regarding sale of Larsen Cognac business was related to the amount of goodwill derecoignised. The derecognised goodwill was determined as the part of the goodwill recorded from the historic purchase of Larsen that was allocated to Spirits business in 2022 (EUR 2.8 million). Management consider that the described method better reflects goodwill associated with the operations disposed compared to the method on the basis of relative values of the operation disposed of and the portion of the cash-generating unit retained. EUR million 2023 The carrying amounts of assets and liabilities sold as at the date of sale Goodwill 2.8 Other intangible assets 2.2 Property plant and equipment 4.2 Inventory 31.4 Trade and other receivables 1.7 Cash and cash equivalents 4.2 Total assets 46.4 Deferred tax liabilities 0.1 Employee benefit obligation 0.1 Trade and other payables 1.3 Total liabilities 1.5 Net assets sold 44.9 Total disposal consideration in cash 58.5 Transaction costs -2.0 Total capital gain 11.6 5.3 SUBSIDIARIES
Anora Group Plc had 70 subsidiaries at the end of the reporting period (70 subsidiaries as at 31 December 2023). In some subsidiaries with non-controlling interests,
there are put options related to the non-controlling interests. These put options are accounted for separately, see chapter 5.1 Non-controlling interest on how this
affects presented non-controlling interests in the income statement and equity.
5.4 ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS Anora has investments in associated companies Palpa Lasi Oy, Tiffon SA, ISH ApS and Beverage Link AS. Palpa Lasi Oy engages in the recycling and re-use of glass beverage packages. Tiffon SA is a cognac producer and the producer of Braastad Cognac. Tiffon SA has official accounting year that ends 30 June every year. Beverage Link As is a jointly owned logistics company between Vectura AS, Skandinavisk Logistik AS and Cuveco AS. ISH ApS is Danish scale-up company in non-alcoholic spirits, wines and ready-to-drink beverages. ISH currently exports to over 15 countries with a special focus on Scandinavia, Western Europe and North America. Anora had joint control over Roal Oy together with ABF Overseas Limited (\u201cABF\u201d). In December 2023 ABF notified Anora that they will exercise their call option to acquire Anora Group Plc\u2019s shares in Roal Oy. Therefore, as of 31 December 2023 the investment in Roal Oy was classified as held for sale according to criteria met in reference to IFRS 5 Non-current assets held for sale and discontinued operations. The transaction with ABF, that was carried out in March 2024, is described in Note 5.2 Changes in Group Structure. Anora Group Plc received its share of dividend amounting to EUR 0.9 million before the transaction. During 2024, the associated company ISH ApS carried out a directed share issue and converted some loans to equity, resulting to Anora\u2019s share diluting from 26% to 23.48%. The dilution in ownership was recorded as a partial divestment which had non-significant impact on the consolidated income statement and balance sheet. Accounting policies on associated companies and joint arrangements are described in Note 5.1 General consolidation principles. SHAREHOLDINGS IN ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS Company Nature of relationship Measurement method 2024 Share of ownership % 2023 Share of ownership % Roal Oy, Finland Joint operation Cost 0.00 50.00 Palpa Lasi Oy, Finland Associate Equity 25.53 25.53 Tiffon SA, France Associate Equity 34.75 34.75 Beverage Link AS, Norway Associate Equity 45.00 45.00 ISH ApS, Denmark Associate Equity 23.48 26.00 of incorpo- ration Parent company\u2019s share of ownership (%) 2024 Group\u2019s share of ownership (%) 2024 Parent company\u2019s share of ownership (%) 2023 Group\u2019s share of ownership (%) 2023 Altia Denmark A/S Denmark 100 100 100 100 Altia Norway AS Norway 100 100 100 100 Anora Estonia AS Estonia 100 100 100 100 Anora Germany GmbH Germany - 100 - 100 Anora Latvia SIA Latvia 100 100 100 100 Anora Lithuania Liettua 100 100 - - Anora Prime Brands AS Norway - 100 - 100 Anora Sweden AB Sweden 100 100 100 100 Arcus Brand Lab AS Norway - 100 - 100 Arcus Co Brands AS Norway - 100 - 100 Arcus Denmark A/S Denmark - 100 - 100 Arcus Finland Oy Finland - 100 - 100 Arcus-Gruppen AS Norway - 100 - 100 Arcus Holding AS Norway 100 100 100 100 Arcus Norway AS Norway - 100 - 100 Arcus Sweden AB Sweden - 100 - 100 Arcus Wine Brands AS Norway - 100 - 100 Atlungstad H\u00e5ndverksdestilleri AS Norway - 100 - 100 Best Buys International AS Norway 100 100 100 100 BevCo AS Norway - 100 - 100 Bibendum AB Sweden - 100 - 100 Bibendum AS Norway 100 100 100 100 Brews4U Finland Oy Finland - 100 - 91 Champagne Sigurd Wongraven AS Norway - 100 - 100 Classic Wines AS Norway - 100 - 100 Creative Wines AS Norway - 100 - 100 Det Danske Spiritus Kompagni A/S Denmark - 100 - 100 Excellars AS Norway - 100 - 100 Globus Wine A/S Denmark - 100 - 100 Globus Wine GmbH 1 Germany - 0 - 100 Globus Wine Germany GmbH Germany - 100 - 100 Hedoni Wines AS Norway - 100 - 100 Heritage Wines Sweden AB Sweden - 93.3 - 93.3 Heyday Wines AS Norway - 100 - 90.1 Interbev AS Norway 100 100 100 100 L\u00f8iten Br\u00e6nderis Destillation ANS Norway - 100 - 100 Country of incorpo- ration Parent company\u2019s share of ownership (%) 2024 Group\u2019s share of ownership (%) 2024 Parent company\u2019s share of ownership (%) 2023 Group\u2019s share of ownership (%) 2023 De Lysholmske Brenneri og Destillasjonsfabrikker ANS Norway - 100 - 100 Merlot HoldCo ApS Denmark 100 100 100 100 Merlot BidCo ApS 2 Denmark - 0 - 100 New Frontier Wines AB Sweden - 79.6 - 79.6 Oplandske Spritfabrik ANS Norway - 100 - 100 Philipson & S\u00f6derberg AB Sweden - 100 - 100 Premium Wines AS Norway 100 100 100 100 Quaffable Wines Sweden AB Sweden - 79.6 - 79.6 Siemers & Cos Destillasjon ANS Norway - 100 - 100 Social Wines Oy Finland - 100 - 100 South Swedish Craft Spirits AB Sweden - 100 - 100 Sublime Wines AS Norway - 100 - 100 Summit Wines AS Norway - 100 - 100 Symposium Wines AS Norway - 100 - 100 Str\u00f8m AS Norway 100 100 100 100 Swedish Wine Mafia AB Sweden - 99.5 - 99.5 Valid Wines Sweden AB Sweden - 94.5 - 94.5 Vectura AS Norway - 100 - 100 Vingaraget AB Sweden - 100 - 100 Vingruppen AS Norway - 100 - 100 Vingruppen Oy Finland - 100 - 100 Vingruppen Holding Sweden AB Sweden - 100 - 100 Vingruppen i Norden AB Sweden - 100 - 100 Vinordia AS Norway - 100 - 100 Vinordia Sweden AB Sweden - 100 - 100 Vinum Import Oy Finland - 98.1 - 98.1 Vinunic AB Sweden - 94.5 - 94.5 Vinuniq AS Norway - 100 - 100 Vinunic Oy Finland - 100 - 100 Von Elk Company Oy Finland 100 100 100 100 Oy Wennerco Ab Finland 100 100 100 100 The WineAgency Sweden AB Sweden - 99.5 - 99.5 Wineworld Finland Oy Finland - 100 - 90 Wineworld Sweden AB Sweden - 99.5 - 99.5 Wongraven Wines AS Norway - 90 - 90 1Globus Wine GmbH was liquidated during 2024 2 Merlot BidCo Aps has been merged with Merlot HoldCo Aps during 2024",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-525": {
"value": "5.1 GENERAL CONSOLIDATION PRINCIPLES Consolidation Consolidation, consolidation method and classification of ownership interests depends on whether the Group has power to control or jointly control the entity or have significant influence or other interests in the entity. When the Group has power to control the entity, it is consolidated as a subsidiary. Power to control an entity is normally achieved when shareholding is above 50%. When the Group has joint control or significant influence over an entity but does not have power to control, entity is accounted for by using the principles described under Associated companies\u2019 section. Significant influence is normally achieved when the Group has between 20% - 50% shareholding. If the Group does not have power to control nor significant influence in the entity, its ownership interests are classified as financial assets at fair value through other comprehensive income and accounted for according to principles described in Note 3.2.1. This normally happens when the Group\u2019s ownership is below 20%. Subsidiaries consolidation principles Consolidated financial statements of Anora include the parent company, Anora Group Plc, and all subsidiaries. Subsidiaries are all those in which the parent company exercises control. The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee, and could affect those returns through its power over the investee. The financial statements of acquired subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. All business combinations are accounted for by using the acquisition method. The consideration transferred and the identifiable assets acquired, and liabilities assumed in the acquired company are measured at fair value at the acquisition date. The aggregate amount of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, exceeding the fair value of the net assets acquired is recorded as goodwill. All acquisition-related costs, with the exception of costs to issue debt or equity securities, are expensed. The consideration transferred does not include any transactions accounted for separately from the acquisition. Any contingent consideration is recognised at fair value at the acquisition date, and it is classified as either liability or equity. Contingent consideration classified as a liability is measured at fair value at each reporting date and any resulting gain or loss is recognised in profit or loss. Intra-group transactions, receivables, liabilities and unrealised gains, as well as the distribution of profits within the Group are eliminated in preparing the consolidated financial statements. Unrealised losses are not eliminated if the loss in question results from impairment. Non-controlling interests Non-controlling interests\u2019 share of profit after tax is shown on a separate line after Group\u2019s result for the period. Non-controlling interests\u2019 share of equity is shown on a separate line as part of the Group\u2019s total equity. In some subsidiaries with non-controlling interests, the non-controlling shareholder(s) have a put option related to the non-controlling interest, where the Group does not have control of the non-controlling interests before the options are exercised, nor does it have control of whether the options will be exercised, or when this exercise may take place. The value of such options is recognised as liability at fair value through profit and loss in the balance sheet and reduces the non-controlling share of equity. This means that the non-controlling interests presented in the income statement and in the equity show only values where the minority does not have put options related to the minority shares. The Group treats transactions with non- controlling interests that do not result in a loss of control as equity transactions . Associated companies Associated companies are all entities where the Group has joint control or significant influence over an entity but does not have power to control the entity. Normally this is when the Group accompanies a shareholding of over 20% of voting rights or otherwise has significant influence, but not control. Associated companies are consolidated by using the equity method. Under the equity method, the investment is initially recognised at cost and subsequently adjusted with the change in the net assets of the investee after the acquisition date, consistent with the ownership interest of the Group. After the acquisition the Group\u2019s share in the associated company\u2019s profit and loss for the period is separately disclosed in the Group\u2019s income statement, presented after operating result. If the Group\u2019s share in the associated company\u2019s loss exceeds the carrying amount of the investment, the investment is recognised at zero value in the consolidated balance sheet and the loss exceeding the carrying amount is not consolidated, unless the Group has committed to fulfil the company\u2019s obligations. The carrying amount of equity- accounted investments includes goodwill arisen on acquisition, when applicable. The Group\u2019s share in changes in the associated company\u2019s other comprehensive income is recognised in consolidated other comprehensive income (OCI). The result of the transactions between the Group and its associates are recognised only to the extent of attributable to external owners. When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. Financial statements of associated companies have been changed when necessary to correspond with the accounting policies adopted by the Group. If financial statements for the period are not available, the share of the profit is included in the consolidated financial statements based on the preliminary financial statements or latest available information. Critical estimates and management judgements - Associated companies Management judgment and estimates are applied in assessing the recoverability of investments in associates. The carrying amount of equity-accounted investments, including possible goodwill, are assessed for impairment when objective evidence indicates that the net investment may be impaired. The impairment, when applicable, is recognised in share of results in associated companies . Joint arrangements A joint arrangement is an arrangement of which two or more parties have contractually agreed joint control which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint arrangement is either a joint operation or a joint venture . Foreign currency items All transactions in foreign currency are converted to functional currency at the time of the transaction. Monetary items in foreign currency are converted on the balance sheet date into functional currency by using the exchange rate on the balance sheet date. The consolidated financial statements are presented in euro, which is the functional currency of the parent company. The functional currency in the subsidiaries is the currency in which the subsidiary reports its legal statutory accounts, and the Group has subsidiaries with functional currencies EUR, SEK, NOK and DKK. When consolidating subsidiaries that have a functional currency other than euro, profit and loss items are converted to the Group\u2019s presentation currency at year-to-date average exchange rates published by the European Central Bank. For balance sheet items reported in other currencies than euro, including goodwill and other assets assumed when accounting for business combinations, the conversion to euro is based on closing rate on the reporting date. Exchange rates used for translation of reported figures in foreign functional currencies during 2024 are : EXCHANGE RATES DURING 2024 Functional currencies reported Average rate 2024 Closing rate 31.12.2024 Average rate 2023 Closing rate 31.12.2023 Swedish krona SEK 11.4498 11.4590 11.4842 11.0960 Norwegian krone NOK 11.6495 11.7950 11.4684 11.2405 Danish krone DKK 7.4579 7.4578 7.4513 7.4529 Translation differences arising from elimination of the cost of foreign subsidiaries and from translation of the foreign subsidiaries\u2019 post- acquisition profits and losses are recognised in other comprehensive income and presented as a separate item within equity. Goodwill and the fair value adjustments to the carrying amounts of assets and liabilities of foreign subsidiaries are accounted for as assets and liabilities of the respective foreign subsidiary, which are translated to euro using the closing rate at the reporting date. If these foreign units are entirely or partly disposed, related exchange rate differences are recognised in profit or loss as part of the gain or loss on disposal",
"dimensions": {
"concept": "ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-526": {
"value": "5.1 GENERAL CONSOLIDATION PRINCIPLES Consolidation Consolidation, consolidation method and classification of ownership interests depends on whether the Group has power to control or jointly control the entity or have significant influence or other interests in the entity. When the Group has power to control the entity, it is consolidated as a subsidiary. Power to control an entity is normally achieved when shareholding is above 50%. When the Group has joint control or significant influence over an entity but does not have power to control, entity is accounted for by using the principles described under Associated companies\u2019 section. Significant influence is normally achieved when the Group has between 20% - 50% shareholding. If the Group does not have power to control nor significant influence in the entity, its ownership interests are classified as financial assets at fair value through other comprehensive income and accounted for according to principles described in Note 3.2.1. This normally happens when the Group\u2019s ownership is below 20%. Subsidiaries consolidation principles Consolidated financial statements of Anora include the parent company, Anora Group Plc, and all subsidiaries. Subsidiaries are all those in which the parent company exercises control. The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee, and could affect those returns through its power over the investee. The financial statements of acquired subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. All business combinations are accounted for by using the acquisition method. The consideration transferred and the identifiable assets acquired, and liabilities assumed in the acquired company are measured at fair value at the acquisition date. The aggregate amount of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, exceeding the fair value of the net assets acquired is recorded as goodwill. All acquisition-related costs, with the exception of costs to issue debt or equity securities, are expensed. The consideration transferred does not include any transactions accounted for separately from the acquisition. Any contingent consideration is recognised at fair value at the acquisition date, and it is classified as either liability or equity. Contingent consideration classified as a liability is measured at fair value at each reporting date and any resulting gain or loss is recognised in profit or loss. Intra-group transactions, receivables, liabilities and unrealised gains, as well as the distribution of profits within the Group are eliminated in preparing the consolidated financial statements. Unrealised losses are not eliminated if the loss in question results from impairment. Non-controlling interests Non-controlling interests\u2019 share of profit after tax is shown on a separate line after Group\u2019s result for the period. Non-controlling interests\u2019 share of equity is shown on a separate line as part of the Group\u2019s total equity. In some subsidiaries with non-controlling interests, the non-controlling shareholder(s) have a put option related to the non-controlling interest, where the Group does not have control of the non-controlling interests before the options are exercised, nor does it have control of whether the options will be exercised, or when this exercise may take place. The value of such options is recognised as liability at fair value through profit and loss in the balance sheet and reduces the non-controlling share of equity. This means that the non-controlling interests presented in the income statement and in the equity show only values where the minority does not have put options related to the minority shares. The Group treats transactions with non- controlling interests that do not result in a loss of control as equity transactions . 5.3 SUBSIDIARIES Anora Group Plc had 70 subsidiaries at the end of the reporting period (70 subsidiaries as at 31 December 2023). In some subsidiaries with non-controlling interests, there are put options related to the non-controlling interests. These put options are accounted for separately, see chapter 5.1 Non-controlling interest on how this affects presented non-controlling interests in the income statement and equityof
incorpo-
ration
Parent
company\u2019s
share of
ownership
(%) 2024
Group\u2019s share
of ownership
(%) 2024
Parent
company\u2019s
share of
ownership
(%) 2023
Group\u2019s share
of ownership
(%) 2023
Altia Denmark A/S Denmark 100 100 100 100
Altia Norway AS Norway 100 100 100 100
Anora Estonia AS Estonia 100 100 100 100
Anora Germany GmbH Germany - 100 - 100
Anora Latvia SIA Latvia 100 100 100 100
Anora Lithuania Liettua 100 100 - -
Anora Prime Brands AS Norway - 100 - 100
Anora Sweden AB Sweden 100 100 100 100
Arcus Brand Lab AS Norway - 100 - 100
Arcus Co Brands AS Norway - 100 - 100
Arcus Denmark A/S Denmark - 100 - 100
Arcus Finland Oy Finland - 100 - 100
Arcus-Gruppen AS Norway - 100 - 100
Arcus Holding AS Norway 100 100 100 100
Arcus Norway AS Norway - 100 - 100
Arcus Sweden AB Sweden - 100 - 100
Arcus Wine Brands AS Norway - 100 - 100
Atlungstad H\u00e5ndverksdestilleri AS Norway - 100 - 100
Best Buys International AS Norway 100 100 100 100
BevCo AS Norway - 100 - 100
Bibendum AB Sweden - 100 - 100
Bibendum AS Norway 100 100 100 100
Brews4U Finland Oy Finland - 100 - 91
Champagne Sigurd Wongraven AS Norway - 100 - 100
Classic Wines AS Norway - 100 - 100
Creative Wines AS Norway - 100 - 100
Det Danske Spiritus Kompagni A/S Denmark - 100 - 100
Excellars AS Norway - 100 - 100
Globus Wine A/S Denmark - 100 - 100
Globus Wine GmbH
1
Germany - 0 - 100
Globus Wine Germany GmbH Germany - 100 - 100
Hedoni Wines AS Norway - 100 - 100
Heritage Wines Sweden AB Sweden - 93.3 - 93.3
Heyday Wines AS Norway - 100 - 90.1
Interbev AS Norway 100 100 100 100
L\u00f8iten Br\u00e6nderis Destillation ANS Norway - 100 - 100
Country
of
incorpo-
ration
Parent
company\u2019s
share of
ownership
(%) 2024
Group\u2019s share
of ownership
(%) 2024
Parent
company\u2019s
share of
ownership
(%) 2023
Group\u2019s share
of ownership
(%) 2023
De Lysholmske Brenneri og
Destillasjonsfabrikker ANS
Norway - 100 - 100
Merlot HoldCo ApS Denmark 100 100 100 100
Merlot BidCo ApS
2
Denmark - 0 - 100
New Frontier Wines AB Sweden - 79.6 - 79.6
Oplandske Spritfabrik ANS Norway - 100 - 100
Philipson & S\u00f6derberg AB Sweden - 100 - 100
Premium Wines AS Norway 100 100 100 100
Quaffable Wines Sweden AB Sweden - 79.6 - 79.6
Siemers & Cos Destillasjon ANS Norway - 100 - 100
Social Wines Oy Finland - 100 - 100
South Swedish Craft Spirits AB Sweden - 100 - 100
Sublime Wines AS Norway - 100 - 100
Summit Wines AS Norway - 100 - 100
Symposium Wines AS Norway - 100 - 100
Str\u00f8m AS Norway 100 100 100 100
Swedish Wine Mafia AB Sweden - 99.5 - 99.5
Valid Wines Sweden AB Sweden - 94.5 - 94.5
Vectura AS Norway - 100 - 100
Vingaraget AB Sweden - 100 - 100
Vingruppen AS Norway - 100 - 100
Vingruppen Oy Finland - 100 - 100
Vingruppen Holding Sweden AB Sweden - 100 - 100
Vingruppen i Norden AB Sweden - 100 - 100
Vinordia AS Norway - 100 - 100
Vinordia Sweden AB Sweden - 100 - 100
Vinum Import Oy Finland - 98.1 - 98.1
Vinunic AB Sweden - 94.5 - 94.5
Vinuniq AS Norway - 100 - 100
Vinunic Oy Finland - 100 - 100
Von Elk Company Oy Finland 100 100 100 100
Oy Wennerco Ab Finland 100 100 100 100
The WineAgency Sweden AB Sweden - 99.5 - 99.5
Wineworld Finland Oy Finland - 100 - 90
Wineworld Sweden AB Sweden - 99.5 - 99.5
Wongraven Wines AS Norway - 90 - 90
1
Globus Wine GmbH was liquidated during 2024
2
Merlot BidCo Aps has been merged with Merlot HoldCo Aps during 2024
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-528": {
"value": "Subsidiaries consolidation principles Consolidated financial statements of Anora include the parent company, Anora Group Plc, and all subsidiaries. Subsidiaries are all those in which the parent company exercises control. The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee, and could affect those returns through its power over the investee. The financial statements of acquired subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. All business combinations are accounted for by using the acquisition method. The consideration transferred and the identifiable assets acquired, and liabilities assumed in the acquired company are measured at fair value at the acquisition date. The aggregate amount of the consideration transferred, the amount of non-controlling interests and any previously held equity interest in the acquiree, exceeding the fair value of the net assets acquired is recorded as goodwill. All acquisition-related costs, with the exception of costs to issue debt or equity securities, are expensed. The consideration transferred does not include any transactions accounted for separately from the acquisition. Any contingent consideration is recognised at fair value at the acquisition date, and it is classified as either liability or equity. Contingent consideration classified as a liability is measured at fair value at each reporting date and any resulting gain or loss is recognised in profit or loss. Intra-group transactions, receivables, liabilities and unrealised gains, as well as the distribution of profits within the Group are eliminated in preparing the consolidated financial statements. Unrealised losses are not eliminated if the loss in question results from impairment. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-529": {
"value": "Non-controlling interests Non-controlling interests\u2019 share of profit after tax is shown on a separate line after Group\u2019s result for the period. Non-controlling interests\u2019 share of equity is shown on a separate line as part of the Group\u2019s total equity. In some subsidiaries with non-controlling interests, the non-controlling shareholder(s) have a put option related to the non-controlling interest, where the Group does not have control of the non-controlling interests before the options are exercised, nor does it have control of whether the options will be exercised, or when this exercise may take place. The value of such options is recognised as liability at fair value through profit and loss in the balance sheet and reduces the non-controlling share of equity. This means that the non-controlling interests presented in the income statement and in the equity show only values where the minority does not have put options related to the minority shares. The Group treats transactions with non- controlling interests that do not result in a loss of control as equity transactions ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-530": {
"value": "Non-controlling interests Non-controlling interests\u2019 share of profit after tax is shown on a separate line after Group\u2019s result for the period. Non-controlling interests\u2019 share of equity is shown on a separate line as part of the Group\u2019s total equity. In some subsidiaries with non-controlling interests, the non-controlling shareholder(s) have a put option related to the non-controlling interest, where the Group does not have control of the non-controlling interests before the options are exercised, nor does it have control of whether the options will be exercised, or when this exercise may take place. The value of such options is recognised as liability at fair value through profit and loss in the balance sheet and reduces the non-controlling share of equity. This means that the non-controlling interests presented in the income statement and in the equity show only values where the minority does not have put options related to the minority shares. The Group treats transactions with non- controlling interests that do not result in a loss of control as equity transactions ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-531": {
"value": "Associated companies Associated companies are all entities where the Group has joint control or significant influence over an entity but does not have power to control the entity. Normally this is when the Group accompanies a shareholding of over 20% of voting rights or otherwise has significant influence, but not control. Associated companies are consolidated by using the equity method. Under the equity method, the investment is initially recognised at cost and subsequently adjusted with the change in the net assets of the investee after the acquisition date, consistent with the ownership interest of the Group. After the acquisition the Group\u2019s share in the associated company\u2019s profit and loss for the period is separately disclosed in the Group\u2019s income statement, presented after operating result. If the Group\u2019s share in the associated company\u2019s loss exceeds the carrying amount of the investment, the investment is recognised at zero value in the consolidated balance sheet and the loss exceeding the carrying amount is not consolidated, unless the Group has committed to fulfil the company\u2019s obligations. The carrying amount of equity- accounted investments includes goodwill arisen on acquisition, when applicable. The Group\u2019s share in changes in the associated company\u2019s other comprehensive income is recognised in consolidated other comprehensive income (OCI). The result of the transactions between the Group and its associates are recognised only to the extent of attributable to external owners. When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. Financial statements of associated companies have been changed when necessary to correspond with the accounting policies adopted by the Group. If financial statements for the period are not available, the share of the profit is included in the consolidated financial statements based on the preliminary financial statements or latest available information. Critical estimates and management judgements - Associated companies Management judgment and estimates are applied in assessing the recoverability of investments in associates. The carrying amount of equity-accounted investments, including possible goodwill, are assessed for impairment when objective evidence indicates that the net investment may be impaired. The impairment, when applicable, is recognised in share of results in associated companies 5.4 ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS Anora has investments in associated companies Palpa Lasi Oy, Tiffon SA, ISH ApS and Beverage Link AS. Palpa Lasi Oy engages in the recycling and re-use of glass beverage packages. Tiffon SA is a cognac producer and the producer of Braastad Cognac. Tiffon SA has official accounting year that ends 30 June every year. Beverage Link As is a jointly owned logistics company between Vectura AS, Skandinavisk Logistik AS and Cuveco AS. ISH ApS is Danish scale-up company in non-alcoholic spirits, wines and ready-to-drink beverages. ISH currently exports to over 15 countries with a special focus on Scandinavia, Western Europe and North America. Anora had joint control over Roal Oy together with ABF Overseas Limited (\u201cABF\u201d). In December 2023 ABF notified Anora that they will exercise their call option to acquire Anora Group Plc\u2019s shares in Roal Oy. Therefore, as of 31 December 2023 the investment in Roal Oy was classified as held for sale according to criteria met in reference to IFRS 5 Non-current assets held for sale and discontinued operations. The transaction with ABF, that was carried out in March 2024, is described in Note 5.2 Changes in Group Structure. Anora Group Plc received its share of dividend amounting to EUR 0.9 million before the transaction. During 2024, the associated company ISH ApS carried out a directed share issue and converted some loans to equity, resulting to Anora\u2019s share diluting from 26% to 23.48%. The dilution in ownership was recorded as a partial divestment which had non-significant impact on the consolidated income statement and balance sheet. Accounting policies on associated companies and joint arrangements are described in Note 5.1 General consolidation principles. SHAREHOLDINGS IN ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS Company Nature of relationship Measurement method 2024 Share of ownership % 2023 Share of ownership % Roal Oy, Finland Joint operation Cost 0.00 50.00 Palpa Lasi Oy, Finland Associate Equity 25.53 25.53 Tiffon SA, France Associate Equity 34.75 34.75 Beverage Link AS, Norway Associate Equity 45.00 45.00 ISH ApS, Denmark Associate Equity 23.48 26.00 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-532": {
"value": "Associated companies Associated companies are all entities where the Group has joint control or significant influence over an entity but does not have power to control the entity. Normally this is when the Group accompanies a shareholding of over 20% of voting rights or otherwise has significant influence, but not control. Associated companies are consolidated by using the equity method. Under the equity method, the investment is initially recognised at cost and subsequently adjusted with the change in the net assets of the investee after the acquisition date, consistent with the ownership interest of the Group. After the acquisition the Group\u2019s share in the associated company\u2019s profit and loss for the period is separately disclosed in the Group\u2019s income statement, presented after operating result. If the Group\u2019s share in the associated company\u2019s loss exceeds the carrying amount of the investment, the investment is recognised at zero value in the consolidated balance sheet and the loss exceeding the carrying amount is not consolidated, unless the Group has committed to fulfil the company\u2019s obligations. The carrying amount of equity- accounted investments includes goodwill arisen on acquisition, when applicable. The Group\u2019s share in changes in the associated company\u2019s other comprehensive income is recognised in consolidated other comprehensive income (OCI). The result of the transactions between the Group and its associates are recognised only to the extent of attributable to external owners. When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. Financial statements of associated companies have been changed when necessary to correspond with the accounting policies adopted by the Group. If financial statements for the period are not available, the share of the profit is included in the consolidated financial statements based on the preliminary financial statements or latest available information. Critical estimates and management judgements - Associated companies Management judgment and estimates are applied in assessing the recoverability of investments in associates. The carrying amount of equity-accounted investments, including possible goodwill, are assessed for impairment when objective evidence indicates that the net investment may be impaired. The impairment, when applicable, is recognised in share of results in associated companies . Joint arrangements A joint arrangement is an arrangement of which two or more parties have contractually agreed joint control which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint arrangement is either a joint operation or a joint venture 5.4 ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS Anora has investments in associated companies Palpa Lasi Oy, Tiffon SA, ISH ApS and Beverage Link AS. Palpa Lasi Oy engages in the recycling and re-use of glass beverage packages. Tiffon SA is a cognac producer and the producer of Braastad Cognac. Tiffon SA has official accounting year that ends 30 June every year. Beverage Link As is a jointly owned logistics company between Vectura AS, Skandinavisk Logistik AS and Cuveco AS. ISH ApS is Danish scale-up company in non-alcoholic spirits, wines and ready-to-drink beverages. ISH currently exports to over 15 countries with a special focus on Scandinavia, Western Europe and North America. Anora had joint control over Roal Oy together with ABF Overseas Limited (\u201cABF\u201d). In December 2023 ABF notified Anora that they will exercise their call option to acquire Anora Group Plc\u2019s shares in Roal Oy. Therefore, as of 31 December 2023 the investment in Roal Oy was classified as held for sale according to criteria met in reference to IFRS 5 Non-current assets held for sale and discontinued operations. The transaction with ABF, that was carried out in March 2024, is described in Note 5.2 Changes in Group Structure. Anora Group Plc received its share of dividend amounting to EUR 0.9 million before the transaction. During 2024, the associated company ISH ApS carried out a directed share issue and converted some loans to equity, resulting to Anora\u2019s share diluting from 26% to 23.48%. The dilution in ownership was recorded as a partial divestment which had non-significant impact on the consolidated income statement and balance sheet. Accounting policies on associated companies and joint arrangements are described in Note 5.1 General consolidation principles. SHAREHOLDINGS IN ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS Company Nature of relationship Measurement method 2024 Share of ownership % 2023 Share of ownership % Roal Oy, Finland Joint operation Cost 0.00 50.00 Palpa Lasi Oy, Finland Associate Equity 25.53 25.53 Tiffon SA, France Associate Equity 34.75 34.75 Beverage Link AS, Norway Associate Equity 45.00 45.00 ISH ApS, Denmark Associate Equity 23.48 26.00 INVESTMENTS IN ASSOCIATED COMPANIES 2024 EUR million Tiffon SA ISH ApS Other 1 Total Book value at beginning of the period 7.3 4.4 0.6 12.3 Share of profit during period -0.1 -0.3 0.6 0.3 Dividend received 0.0 0.0 -0.9 -0.9 Total book value at end of the period 7.2 4.1 0.3 11.6 1 Includes Roal Oy profit and dividends received until disposal. RECONCILIATION TO CARRYING AMOUNT 2024: 2024 EUR million Tiffon SA ISH ApS Other Total Group\u2019s share of Net assets 7.2 0.2 0.3 7.7 Goodwill 0.0 3.9 0.0 3.9 Total book value at end of the period 7.2 4.1 0.3 11.6 INVESTMENTS IN ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS 2023 EUR million Roal Oy Tiffon SA ISH ApS Other Total Book value at the beginning of the period 7.6 7.2 4.7 1.2 20.7 Additions 0.0 0.0 0.1 0.0 0.1 Share of profit during period 0.9 0.3 -0.4 -0.6 0.2 Dividend received -0.9 -0.2 0.0 0.0 -1.1 Total 7.6 7.3 4.4 0.6 19.9 Reclassified to asses held for sale -7.6 0.0 0.0 0.0 -7.6 Total book value at the end of the period 0.0 7.3 4.4 0.6 12.3 RECONCILIATION TO CARRYING AMOUNT 2023: 2023 EUR million Roal Oy Tiffon SA ISH ApS Other Total Group\u2019s share of Net assets N/A 7.3 0.1 0.6 8.0 Goodwill 0.0 0.0 4.3 0.0 4.3 Cost price 7.6 0.0 0.0 0.0 7.6 Carrying amount 7.6 7.3 4.4 0.6 19.9 Reclassified to assets held for sale -7.6 0.0 0.0 0.0 -7.6 Total book value at the end of the period 0.0 7.3 4.4 0.6 12.3 FINANCIAL SUMMARY OF ASSOCIATED COMPANIES 2024 2024 EUR million Tiffon SA ISH ApS Other Total Total revenues 9.5 4.4 15.6 29.5 Profit for the period -0.2 -1.2 -1.2 -2.6 Current assets 34.8 2.5 6.1 43.3 Non-current assets 2.4 0.1 0.0 2.5 Current liabilities 2.6 1.8 5.1 9.5 Non-current liabilities 13.8 0.0 0.0 13.8 Net assets 20.8 0.8 1.0 22.6 FINANCIAL SUMMARY OF ASSOCIATED COMPANIES 2023: 2023 EUR million Tiffon SA ISH ApS Other Total Total revenues 11.3 3.5 13.9 28.7 Profit for the period 0.9 -1.5 -2.3 -3.0 Current assets 34.2 1.7 5.5 41.4 Non-current assets 2.3 0.1 0.0 2.4 Current liabilities 2.6 1.5 3.3 7.4 Non-current liabilities 12.9 0.0 0.0 12.9 Net assets 21.0 0.3 2.2 23.5",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-533": {
"value": "Associated companies Associated companies are all entities where the Group has joint control or significant influence over an entity but does not have power to control the entity. Normally this is when the Group accompanies a shareholding of over 20% of voting rights or otherwise has significant influence, but not control. Associated companies are consolidated by using the equity method. Under the equity method, the investment is initially recognised at cost and subsequently adjusted with the change in the net assets of the investee after the acquisition date, consistent with the ownership interest of the Group. After the acquisition the Group\u2019s share in the associated company\u2019s profit and loss for the period is separately disclosed in the Group\u2019s income statement, presented after operating result. If the Group\u2019s share in the associated company\u2019s loss exceeds the carrying amount of the investment, the investment is recognised at zero value in the consolidated balance sheet and the loss exceeding the carrying amount is not consolidated, unless the Group has committed to fulfil the company\u2019s obligations. The carrying amount of equity- accounted investments includes goodwill arisen on acquisition, when applicable. The Group\u2019s share in changes in the associated company\u2019s other comprehensive income is recognised in consolidated other comprehensive income (OCI). The result of the transactions between the Group and its associates are recognised only to the extent of attributable to external owners. When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. Financial statements of associated companies have been changed when necessary to correspond with the accounting policies adopted by the Group. If financial statements for the period are not available, the share of the profit is included in the consolidated financial statements based on the preliminary financial statements or latest available information. Critical estimates and management judgements - Associated companies Management judgment and estimates are applied in assessing the recoverability of investments in associates. The carrying amount of equity-accounted investments, including possible goodwill, are assessed for impairment when objective evidence indicates that the net investment may be impaired. The impairment, when applicable, is recognised in share of results in associated companies . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-534": {
"value": "Associated companies Associated companies are all entities where the Group has joint control or significant influence over an entity but does not have power to control the entity. Normally this is when the Group accompanies a shareholding of over 20% of voting rights or otherwise has significant influence, but not control. Associated companies are consolidated by using the equity method. Under the equity method, the investment is initially recognised at cost and subsequently adjusted with the change in the net assets of the investee after the acquisition date, consistent with the ownership interest of the Group. After the acquisition the Group\u2019s share in the associated company\u2019s profit and loss for the period is separately disclosed in the Group\u2019s income statement, presented after operating result. If the Group\u2019s share in the associated company\u2019s loss exceeds the carrying amount of the investment, the investment is recognised at zero value in the consolidated balance sheet and the loss exceeding the carrying amount is not consolidated, unless the Group has committed to fulfil the company\u2019s obligations. The carrying amount of equity- accounted investments includes goodwill arisen on acquisition, when applicable. The Group\u2019s share in changes in the associated company\u2019s other comprehensive income is recognised in consolidated other comprehensive income (OCI). The result of the transactions between the Group and its associates are recognised only to the extent of attributable to external owners. When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. Financial statements of associated companies have been changed when necessary to correspond with the accounting policies adopted by the Group. If financial statements for the period are not available, the share of the profit is included in the consolidated financial statements based on the preliminary financial statements or latest available information. Joint arrangements A joint arrangement is an arrangement of which two or more parties have contractually agreed joint control which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint arrangement is either a joint operation or a joint venture . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-536": {
"value": "Joint arrangements A joint arrangement is an arrangement of which two or more parties have contractually agreed joint control which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint arrangement is either a joint operation or a joint venture ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-537": {
"value": "Foreign currency items All transactions in foreign currency are converted to functional currency at the time of the transaction. Monetary items in foreign currency are converted on the balance sheet date into functional currency by using the exchange rate on the balance sheet date. The consolidated financial statements are presented in euro, which is the functional currency of the parent company. The functional currency in the subsidiaries is the currency in which the subsidiary reports its legal statutory accounts, and the Group has subsidiaries with functional currencies EUR, SEK, NOK and DKK. When consolidating subsidiaries that have a functional currency other than euro, profit and loss items are converted to the Group\u2019s presentation currency at year-to-date average exchange rates published by the European Central Bank. For balance sheet items reported in other currencies than euro, including goodwill and other assets assumed when accounting for business combinations, the conversion to euro is based on closing rate on the reporting date. Exchange rates used for translation of reported figures in foreign functional currencies during 2024 are Translation differences arising from elimination of the cost of foreign subsidiaries and from translation of the foreign subsidiaries\u2019 post- acquisition profits and losses are recognised in other comprehensive income and presented as a separate item within equity. Goodwill and the fair value adjustments to the carrying amounts of assets and liabilities of foreign subsidiaries are accounted for as assets and liabilities of the respective foreign subsidiary, which are translated to euro using the closing rate at the reporting date. If these foreign units are entirely or partly disposed, related exchange rate differences are recognised in profit or loss as part of the gain or loss on disposal. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-538": {
"value": "Foreign currency items All transactions in foreign currency are converted to functional currency at the time of the transaction. Monetary items in foreign currency are converted on the balance sheet date into functional currency by using the exchange rate on the balance sheet date. The consolidated financial statements are presented in euro, which is the functional currency of the parent company. The functional currency in the subsidiaries is the currency in which the subsidiary reports its legal statutory accounts, and the Group has subsidiaries with functional currencies EUR, SEK, NOK and DKK. When consolidating subsidiaries that have a functional currency other than euro, profit and loss items are converted to the Group\u2019s presentation currency at year-to-date average exchange rates published by the European Central Bank. For balance sheet items reported in other currencies than euro, including goodwill and other assets assumed when accounting for business combinations, the conversion to euro is based on closing rate on the reporting date. Exchange rates used for translation of reported figures in foreign functional currencies during 2024 are Translation differences arising from elimination of the cost of foreign subsidiaries and from translation of the foreign subsidiaries\u2019 post- acquisition profits and losses are recognised in other comprehensive income and presented as a separate item within equity. Goodwill and the fair value adjustments to the carrying amounts of assets and liabilities of foreign subsidiaries are accounted for as assets and liabilities of the respective foreign subsidiary, which are translated to euro using the closing rate at the reporting date. If these foreign units are entirely or partly disposed, related exchange rate differences are recognised in profit or loss as part of the gain or loss on disposal. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-539": {
"value": "Sale of shares in Roal Oy
ABF Overseas Limited (\u201cABF\u201d) has exercised their
call option to acquire all of Anora Group Plc\u2019s shares
in Roal Oy, a former joint operation of Anora Group
Plc and ABF, at a fixed purchase price of EUR 7.6
million. The transaction was closed on 28 March
2024. The carrying value of investment in Roal Oy
was classified as held for sale in the 2023 financial
statements, as described in Note 5.4, and no gain or
loss on disposal was recognised in 2024.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-540": {
"value": "Sale of shares in Roal Oy ABF Overseas Limited (\u201cABF\u201d) has exercised their call option to acquire all of Anora Group Plc\u2019s shares in Roal Oy, a former joint operation of Anora Group Plc and ABF, at a fixed purchase price of EUR 7.6 million. The transaction was closed on 28 March 2024. The carrying value of investment in Roal Oy was classified as held for sale in the 2023 financial statements, as described in Note 5.4, and no gain or loss on disposal was recognised in 2024. Establishment of Anora Lithuania Anora Lithuania, a wholly owned subsidiary of Anora Group Plc, was officially established on 13 November 2024, with commercial operations set to commence in 2025. Sale of Larsen business in 2023 Anora Group sold its Larsen cognac business to International Beverage Holdings limited as at 29th of September 2023. The disposal includes Anora\u2019s brands Larsen, Renault, Monopol and ibis as well as the company\u2019s subsidiary Larsen S.A.S with its production site in Cognac, France and Anora\u2019s eaux-de vie maturation stock. Critical accounting estimate and management judgement regarding sale of Larsen Cognac business was related to the amount of goodwill derecoignised. The derecognised goodwill was determined as the part of the goodwill recorded from the historic purchase of Larsen that was allocated to Spirits business in 2022 (EUR 2.8 million). Management consider that the described method better reflects goodwill associated with the operations disposed compared to the method on the basis of relative values of the operation disposed of and the portion of the cash-generating unit retained. EUR million 2023 The carrying amounts of assets and liabilities sold as at the date of sale Goodwill 2.8 Other intangible assets 2.2 Property plant and equipment 4.2 Inventory 31.4 Trade and other receivables 1.7 Cash and cash equivalents 4.2 Total assets 46.4 Deferred tax liabilities 0.1 Employee benefit obligation 0.1 Trade and other payables 1.3 Total liabilities 1.5 Net assets sold 44.9 Total disposal consideration in cash 58.5 Transaction costs -2.0 Total capital gain 11.6 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-543": {
"value": "5.4 ASSOCIATED COMPANIES AND
JOINT ARRANGEMENTS
Anora has investments in associated companies
Palpa Lasi Oy, Tiffon SA, ISH ApS and Beverage Link
AS. Palpa Lasi Oy engages in the recycling and
re-use of glass beverage packages. Tiffon SA is a
cognac producer and the producer of Braastad
Cognac. Tiffon SA has official accounting year that
ends 30 June every year. Beverage Link As is a jointly
owned logistics company between Vectura AS,
Skandinavisk Logistik AS and Cuveco AS. ISH ApS is
Danish scale-up company in non-alcoholic spirits,
wines and ready-to-drink beverages. ISH currently
exports to over 15 countries with a special focus on
Scandinavia, Western Europe and North America.
Anora had joint control over Roal Oy together with
ABF Overseas Limited (\u201cABF\u201d). In December 2023 ABF
notified Anora that they will exercise their call option
to acquire Anora Group Plc\u2019s shares in Roal Oy.
Therefore, as of 31 December 2023 the investment
in Roal Oy was classified as held for sale according
to criteria met in reference to IFRS 5 Non-current
assets held for sale and discontinued operations.
The transaction with ABF, that was carried out in
March 2024, is described in Note 5.2 Changes in
Group Structure. Anora Group Plc received its share
of dividend amounting to EUR 0.9 million before the
transaction.
During 2024, the associated company ISH ApS
carried out a directed share issue and converted
some loans to equity, resulting to Anora\u2019s share
diluting from 26% to 23.48%. The dilution in ownership
was recorded as a partial divestment which had
non-significant impact on the consolidated income
statement and balance sheet.
Accounting policies on associated companies
and joint arrangements are described in Note 5.1
General consolidation principles.
SHAREHOLDINGS IN ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS
Company Nature of relationship Measurement method
2024 Share of
ownership %
2023 Share of
ownership %
Roal Oy, Finland Joint operation Cost 0.00 50.00
Palpa Lasi Oy, Finland Associate Equity 25.53 25.53
Tiffon SA, France Associate Equity 34.75 34.75
Beverage Link AS, Norway Associate Equity 45.00 45.00
ISH ApS, Denmark Associate Equity 23.48 26.00
INVESTMENTS IN ASSOCIATED COMPANIES
2024
EUR million Tiffon SA ISH ApS Other
1
Total
Book value at beginning of
the period 7.3 4.4 0.6 12.3
Share of profit during period -0.1 -0.3 0.6 0.3
Dividend received 0.0 0.0 -0.9 -0.9
Total book value at end of
the period 7.2 4.1 0.3 11.6
1
Includes Roal Oy profit and dividends received until disposal.
RECONCILIATION TO CARRYING AMOUNT 2024:
2024
EUR million Tiffon SA ISH ApS Other Total
Group\u2019s share of Net assets 7.2 0.2 0.3 7.7
Goodwill 0.0 3.9 0.0 3.9
Total book value at end of
the period 7.2 4.1 0.3 11.6
INVESTMENTS IN ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS
2023
EUR million Roal Oy Tiffon SA ISH ApS Other Total
Book value at the beginning
of the period 7.6 7.2 4.7 1.2 20.7
Additions 0.0 0.0 0.1 0.0 0.1
Share of profit during period 0.9 0.3 -0.4 -0.6 0.2
Dividend received -0.9 -0.2 0.0 0.0 -1.1
Total 7.6 7.3 4.4 0.6 19.9
Reclassified to asses held for
sale -7.6 0.0 0.0 0.0 -7.6
Total book value at the end
of the period 0.0 7.3 4.4 0.6 12.3
RECONCILIATION TO CARRYING AMOUNT 2023:
2023
EUR million Roal Oy Tiffon SA ISH ApS Other Total
Group\u2019s share of Net assets N/A 7.3 0.1 0.6 8.0
Goodwill 0.0 0.0 4.3 0.0 4.3
Cost price 7.6 0.0 0.0 0.0 7.6
Carrying amount 7.6 7.3 4.4 0.6 19.9
Reclassified to assets held
for sale -7.6 0.0 0.0 0.0 -7.6
Total book value at the end
of the period 0.0 7.3 4.4 0.6 12.3
FINANCIAL SUMMARY OF ASSOCIATED COMPANIES 2024
2024
EUR million Tiffon SA ISH ApS Other Total
Total revenues 9.5 4.4 15.6 29.5
Profit for the period -0.2 -1.2 -1.2 -2.6
Current assets 34.8 2.5 6.1 43.3
Non-current assets 2.4 0.1 0.0 2.5
Current liabilities 2.6 1.8 5.1 9.5
Non-current liabilities 13.8 0.0 0.0 13.8
Net assets 20.8 0.8 1.0 22.6
FINANCIAL SUMMARY OF ASSOCIATED COMPANIES 2023:
2023
EUR million Tiffon SA ISH ApS Other Total
Total revenues 11.3 3.5 13.9 28.7
Profit for the period 0.9 -1.5 -2.3 -3.0
Current assets 34.2 1.7 5.5 41.4
Non-current assets 2.3 0.1 0.0 2.4
Current liabilities 2.6 1.5 3.3 7.4
Non-current liabilities 12.9 0.0 0.0 12.9
Net assets 21.0 0.3 2.2 23.5
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestsInAssociatesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-544": {
"value": "5.4 ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS Anora has investments in associated companies Palpa Lasi Oy, Tiffon SA, ISH ApS and Beverage Link AS. Palpa Lasi Oy engages in the recycling and re-use of glass beverage packages. Tiffon SA is a cognac producer and the producer of Braastad Cognac. Tiffon SA has official accounting year that ends 30 June every year. Beverage Link As is a jointly owned logistics company between Vectura AS, Skandinavisk Logistik AS and Cuveco AS. ISH ApS is Danish scale-up company in non-alcoholic spirits, wines and ready-to-drink beverages. ISH currently exports to over 15 countries with a special focus on Scandinavia, Western Europe and North America. Anora had joint control over Roal Oy together with ABF Overseas Limited (\u201cABF\u201d). In December 2023 ABF notified Anora that they will exercise their call option to acquire Anora Group Plc\u2019s shares in Roal Oy. Therefore, as of 31 December 2023 the investment in Roal Oy was classified as held for sale according to criteria met in reference to IFRS 5 Non-current assets held for sale and discontinued operations. The transaction with ABF, that was carried out in March 2024, is described in Note 5.2 Changes in Group Structure. Anora Group Plc received its share of dividend amounting to EUR 0.9 million before the transaction. During 2024, the associated company ISH ApS carried out a directed share issue and converted some loans to equity, resulting to Anora\u2019s share diluting from 26% to 23.48%. The dilution in ownership was recorded as a partial divestment which had non-significant impact on the consolidated income statement and balance sheet. Accounting policies on associated companies and joint arrangements are described in Note 5.1 General consolidation principles. SHAREHOLDINGS IN ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS Company Nature of relationship Measurement method 2024 Share of ownership % 2023 Share of ownership % Roal Oy, Finland Joint operation Cost 0.00 50.00 Palpa Lasi Oy, Finland Associate Equity 25.53 25.53 Tiffon SA, France Associate Equity 34.75 34.75 Beverage Link AS, Norway Associate Equity 45.00 45.00 ISH ApS, Denmark Associate Equity 23.48 26.00 INVESTMENTS IN ASSOCIATED COMPANIES 2024 EUR million Tiffon SA ISH ApS Other 1 Total Book value at beginning of the period 7.3 4.4 0.6 12.3 Share of profit during period -0.1 -0.3 0.6 0.3 Dividend received 0.0 0.0 -0.9 -0.9 Total book value at end of the period 7.2 4.1 0.3 11.6 1 Includes Roal Oy profit and dividends received until disposal. RECONCILIATION TO CARRYING AMOUNT 2024: 2024 EUR million Tiffon SA ISH ApS Other Total Group\u2019s share of Net assets 7.2 0.2 0.3 7.7 Goodwill 0.0 3.9 0.0 3.9 Total book value at end of the period 7.2 4.1 0.3 11.6 INVESTMENTS IN ASSOCIATED COMPANIES AND JOINT ARRANGEMENTS 2023 EUR million Roal Oy Tiffon SA ISH ApS Other Total Book value at the beginning of the period 7.6 7.2 4.7 1.2 20.7 Additions 0.0 0.0 0.1 0.0 0.1 Share of profit during period 0.9 0.3 -0.4 -0.6 0.2 Dividend received -0.9 -0.2 0.0 0.0 -1.1 Total 7.6 7.3 4.4 0.6 19.9 Reclassified to asses held for sale -7.6 0.0 0.0 0.0 -7.6 Total book value at the end of the period 0.0 7.3 4.4 0.6 12.3 RECONCILIATION TO CARRYING AMOUNT 2023: 2023 EUR million Roal Oy Tiffon SA ISH ApS Other Total Group\u2019s share of Net assets N/A 7.3 0.1 0.6 8.0 Goodwill 0.0 0.0 4.3 0.0 4.3 Cost price 7.6 0.0 0.0 0.0 7.6 Carrying amount 7.6 7.3 4.4 0.6 19.9 Reclassified to assets held for sale -7.6 0.0 0.0 0.0 -7.6 Total book value at the end of the period 0.0 7.3 4.4 0.6 12.3 FINANCIAL SUMMARY OF ASSOCIATED COMPANIES 2024 2024 EUR million Tiffon SA ISH ApS Other Total Total revenues 9.5 4.4 15.6 29.5 Profit for the period -0.2 -1.2 -1.2 -2.6 Current assets 34.8 2.5 6.1 43.3 Non-current assets 2.4 0.1 0.0 2.5 Current liabilities 2.6 1.8 5.1 9.5 Non-current liabilities 13.8 0.0 0.0 13.8 Net assets 20.8 0.8 1.0 22.6 FINANCIAL SUMMARY OF ASSOCIATED COMPANIES 2023: 2023 EUR million Tiffon SA ISH ApS Other Total Total revenues 11.3 3.5 13.9 28.7 Profit for the period 0.9 -1.5 -2.3 -3.0 Current assets 34.2 1.7 5.5 41.4 Non-current assets 2.3 0.1 0.0 2.4 Current liabilities 2.6 1.5 3.3 7.4 Non-current liabilities 12.9 0.0 0.0 12.9 Net assets 21.0 0.3 2.2 23.5",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-545": {
"value": "6 Other notes
6.1 INCOME TAX EXPENSE
Accounting policy - Income tax expense
The Group\u2019s income tax expense recognised
through profit or loss comprises current tax
based on taxable income for the period, any
adjustments to tax payable in respect of
previous periods, and changes in deferred taxes.
Current income tax based on taxable income is
calculated according to the local tax regulations
of each Group company.
Tax effects related to transactions or other
events recognised in profit or loss are recognised
in profit or loss. If the taxes relate to items of
other comprehensive income or transactions
or other events recognised directly in equity,
income tax expense is recognised within the
respective items. The Group\u2019s share of profit or
loss in associated companies and joint ventures
is reported as calculated from the net profit and
thus including the income tax effect.
Deferred tax assets and liabilities are
principally recognised for all temporary
differences between the carrying amounts
of assets and liabilities for financial reporting
purposes and the amounts used for taxation
purposes. The most significant temporary
differences arise from intangible assets, property,
plant and equipment, right-of-use assets and
corresponding lease liabilities, carry forward of
unused tax losses and fair value allocations on
business combinations. Deferred tax on assets
and liabilities arising from single transactions are
presented in a net basis in the income statement
and in the balance sheet but are shown with
gross values in the deferred tax notes. Deferred
tax assets are recognised only to the extent that
it is probable that future taxable profits will be
available against which they can be utilised.
Deferred tax liabilities are recognised in full.
Deferred taxes are calculated using tax rates
enacted or substantively enacted at the end of
the reporting period. Deferred tax is recognised
for foreign subsidiaries undistributed earnings
only when related tax effects are probable.
Deferred tax assets and liabilities are set off
when they are levied by same taxing authority
and Anora has legally enforceable right to set off
the balances.
The legislation implementing the OECD Pillar
Two model rules came into effect from January
1, 2024 onwards. Anora applies the exception
to recognising and disclosing information
about deferred tax assets and liabilities related
to Pillar Two income taxes, as provided in the
amendments to IAS 12 issued in May 2023. The
Pillar Two legislation does not have a material
impact on Anora\u2019s income taxes.
Critical estimates and management
judgements \u2013 Deferred tax assets
Judgment is required in assessing whether
deferred tax assets are recognised on the
balance sheet. Deferred tax assets are
recognised only where it is considered more
likely than not that they will be recovered, which
is dependent on the generation of sufficient
future taxable profits. Assumptions about the
generation of future taxable profits depend on
management\u2019s estimates of future cash flows.
These future cash flow estimates depend on
estimates of future sales volumes, price levels
of main raw materials, capital expenditure and
other components affecting profitability of the
operations. These estimates and assumptions
are subject to risk and uncertainty hence it is
possible that changes in circumstances will
alter expectations, which may impact the
amount of deferred tax assets recognised on
the balance sheet and the amount of any other
tax losses and temporary differences not yet
recognised. Anora\u2019s ability to generate taxable
profit is also subject to general economic,
financial, competitive, legislative and regulatory
factors that are beyond its control. If Anora
generates lower future taxable profits than what
management has assumed in determining the
amounts of the recognised deferred tax assets,
the assets would be impaired, either partly or in
full. Accordingly, amounts recognised in balance
sheet could potentially be reversed through profit
and loss. Changes in circumstances may also
result in recognition of deferred tax assets for tax
losses that previously have not been recognised
as an asset .
INCOME TAX EXPENSE
EUR million 2024 2023
Current tax expense -4.5 -4.4
Adjustments to taxes for prior
periods 0.1 0.8
Change in deferred taxes 0.8 17.4
Total -3.7 13.9
RECONCILIATION OF TAX EXPENSE
The reconciliation of the tax expense recognised
in profit and loss and the tax expense calculated
using Anora Group\u2019s domestic corporate tax rate
(20.0%):
EUR million 2024 2023
Result before taxes 14.7 -53.9
Income tax using the parent
company tax rate -2.9 10.8
Effect of tax rates of
subsidiaries in foreign
jurisdictions 0.0 1.8
Non-taxable income 0.3 1.3
Non-deductable expenses -1.1 -0.4
Adjustments to taxes for prior
periods 0.1 0.8
Share of profit in assocated
companies, net of tax 0.1 -0.1
Tax on undistributed earnings -0.1 -0.3
Other items -0.1 0.0
Total -3.7 13.9
INCOME TAX RECOGNISED IN OTHER
COMPREHENSIVE INCOME
2024
EUR million Before tax Tax Net of tax
Cash flow hedges 2.2 -0.3 1.9
Translation differences -6.9 0.0 -6.9
Remeasurements of
post-employment benefit
obligations -0.3 0.1 -0.2
Total -5.0 -0.2 -5.2
2023
EUR million Before tax Tax Net of tax
Cash flow hedges -6.7 1.0 -5.7
Translation differences -12.8 0.0 -12.8
Remeasurements of
post-employment benefit
obligations -0.1 0.0 -0.1
Total -19.7 1.0 -18.6
DEFERRED TAX ASSETS AND LIABILITIES
Change in deferred tax assets and liabilities
EUR million 1. Jan. 24
Recognised in
profit or loss Recognised in OCI
Acquired /disposed
business
Exhange rate
differences 31. Dec. 24
Deferred tax assets:
Tax losses 3.7 -0.8 - - -0.0 2.9
Fixed assets 2.2 0.1 - - -0.2 2.1
Lease Liabilities 29.1 -2.3 - - -1.1 25.7
Inventory -0.7 -0.6 - - 0.0 -1.3
Pension benefits 0.5 0.0 0.1 -0.0 0.0 0.6
Other temporary differences 1.5 -0.8 -0.0 - -0.1 0.7
Total deferred tax assets 36.4 -4.5 0.1 0.0 -1.4 30.6
Offset against deferred tax liabilities -36.5 4.5 -0.1 0.0 1.4 -30.6
Net deferred tax assets 0.0 - - - - -
Deferred tax liabilities:
Fixed assets 4.8 0.1 - - -0.4 4.4
Right-of-use assets 14.6 -1.5 -0.0 - -0.4 12.8
Recognised in hedge reserve -0.1 -0.2 0.2 - 0.0 -0.1
Fair value allocation on acquisitions 41.2 -2.1 - - -0.9 38.3
Deductable goodwill depreciation 9.1 -0.1 - - -0.2 8.8
Undistributed profits of foreign subsidiaries 1.6 -0.6 - - 0.0 1.0
Other temporary differences 1.7 -0.8 - - -0.2 0.7
Total deferred tax liabilities 73.0 -5.2 0.2 - -2.0 65.9
Offset against deferred tax assets -36.5 4.5 -0.1 0.0 1.4 -30.6
Net deferred tax liabilities 36.5 -0.8 0.1 0.0 -0.6 35.4
On 31 December 2024, the Group had EUR 0.5 million
(2023: EUR 0.8 million) of tax loss carry forwards
for which no deferred tax was recognised. Anora\u2019s
management estimates these losses arise in
subsidiaries which have neither indication of future
taxable income nor other convincing evidence that
tax losses can be utilised and deferred tax asset be
recognised in balance sheet.
DEFERRED TAX ASSETS AND LIABILITIES
Change in deferred tax assets and liabilities
EUR million 1. Jan. 23
Recognised in
profit or loss Recognised in OCI
Acquired /disposed
business
Exhange rate
differences 31. Dec. 23
Deferred tax assets:
Tax losses 3.7 0.2 - - -0.2 3.7
Fixed assets - 2.1 - - 0.1 2.2
Lease Liabilities 31.4 -0.6 - - -1.6 29.1
Inventory - -0.7 - - - -0.7
Pension benefits 0.6 0.0 -0.0 -0.0 -0.0 0.5
Other temporary differences 0.5 1.0 - -0.0 -0.0 1.5
Total deferred tax assets 36.2 2.1 -0.0 -0.0 -1.8 36.4
Offset against deferred tax liabilities -35.6 -2.9 0.2 - 1.9 -36.5
Net deferred tax assets 0.6 -0.8 0.2 -0.0 0.0 0.0
Deferred tax liabilities:
Fixed assets 4.6 -0.1 - 0.3 -0.0 4.8
Right-of-use assets 29.7 -13.3 - - -1.8 14.6
Recognised in hedge reserve 1.1 -0.2 -1.0 - - -0.1
Fair value allocation on acquisitions 45.2 -1.9 - - -2.1 41.2
Deductable goodwill depreciation 9.3 -0.2 - - 0.0 9.1
Undistributed profits of foreign subsidiaries 1.3 0.3 - - 0.0 1.6
Other temporary differences 1.7 - - - 0.0 1.7
Total deferred tax liabilities 92.9 -15.3 -1.0 0.3 -3.8 73.0
Offset against deferred tax assets -35.6 -2.9 0.2 0.0 1.9 -36.5
Net deferred tax liabilities 57.3 -18.2 -0.9 0.3 -1.9 36.5
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-546": {
"value": "6 Other notes 6.1 INCOME TAX EXPENSE Accounting policy - Income tax expense The Group\u2019s income tax expense recognised through profit or loss comprises current tax based on taxable income for the period, any adjustments to tax payable in respect of previous periods, and changes in deferred taxes. Current income tax based on taxable income is calculated according to the local tax regulations of each Group company. Tax effects related to transactions or other events recognised in profit or loss are recognised in profit or loss. If the taxes relate to items of other comprehensive income or transactions or other events recognised directly in equity, income tax expense is recognised within the respective items. The Group\u2019s share of profit or loss in associated companies and joint ventures is reported as calculated from the net profit and thus including the income tax effect. Deferred tax assets and liabilities are principally recognised for all temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The most significant temporary differences arise from intangible assets, property, plant and equipment, right-of-use assets and corresponding lease liabilities, carry forward of unused tax losses and fair value allocations on business combinations. Deferred tax on assets and liabilities arising from single transactions are presented in a net basis in the income statement and in the balance sheet but are shown with gross values in the deferred tax notes. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax liabilities are recognised in full. Deferred taxes are calculated using tax rates enacted or substantively enacted at the end of the reporting period. Deferred tax is recognised for foreign subsidiaries undistributed earnings only when related tax effects are probable. Deferred tax assets and liabilities are set off when they are levied by same taxing authority and Anora has legally enforceable right to set off the balances. The legislation implementing the OECD Pillar Two model rules came into effect from January 1, 2024 onwards. Anora applies the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023. The Pillar Two legislation does not have a material impact on Anora\u2019s income taxes. Critical estimates and management judgements \u2013 Deferred tax assets Judgment is required in assessing whether deferred tax assets are recognised on the balance sheet. Deferred tax assets are recognised only where it is considered more likely than not that they will be recovered, which is dependent on the generation of sufficient future taxable profits. Assumptions about the generation of future taxable profits depend on management\u2019s estimates of future cash flows. These future cash flow estimates depend on estimates of future sales volumes, price levels of main raw materials, capital expenditure and other components affecting profitability of the operations. These estimates and assumptions are subject to risk and uncertainty hence it is possible that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets recognised on the balance sheet and the amount of any other tax losses and temporary differences not yet recognised. Anora\u2019s ability to generate taxable profit is also subject to general economic, financial, competitive, legislative and regulatory factors that are beyond its control. If Anora generates lower future taxable profits than what management has assumed in determining the amounts of the recognised deferred tax assets, the assets would be impaired, either partly or in full. Accordingly, amounts recognised in balance sheet could potentially be reversed through profit and loss. Changes in circumstances may also result in recognition of deferred tax assets for tax losses that previously have not been recognised as an asset . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-547": {
"value": "6 Other notes 6.1 INCOME TAX EXPENSE Accounting policy - Income tax expense The Group\u2019s income tax expense recognised through profit or loss comprises current tax based on taxable income for the period, any adjustments to tax payable in respect of previous periods, and changes in deferred taxes. Current income tax based on taxable income is calculated according to the local tax regulations of each Group company. Tax effects related to transactions or other events recognised in profit or loss are recognised in profit or loss. If the taxes relate to items of other comprehensive income or transactions or other events recognised directly in equity, income tax expense is recognised within the respective items. The Group\u2019s share of profit or loss in associated companies and joint ventures is reported as calculated from the net profit and thus including the income tax effect. Deferred tax assets and liabilities are principally recognised for all temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The most significant temporary differences arise from intangible assets, property, plant and equipment, right-of-use assets and corresponding lease liabilities, carry forward of unused tax losses and fair value allocations on business combinations. Deferred tax on assets and liabilities arising from single transactions are presented in a net basis in the income statement and in the balance sheet but are shown with gross values in the deferred tax notes. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax liabilities are recognised in full. Deferred taxes are calculated using tax rates enacted or substantively enacted at the end of the reporting period. Deferred tax is recognised for foreign subsidiaries undistributed earnings only when related tax effects are probable. Deferred tax assets and liabilities are set off when they are levied by same taxing authority and Anora has legally enforceable right to set off the balances. The legislation implementing the OECD Pillar Two model rules came into effect from January 1, 2024 onwards. Anora applies the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023. The Pillar Two legislation does not have a material impact on Anora\u2019s income taxes. Critical estimates and management judgements \u2013 Deferred tax assets Judgment is required in assessing whether deferred tax assets are recognised on the balance sheet. Deferred tax assets are recognised only where it is considered more likely than not that they will be recovered, which is dependent on the generation of sufficient future taxable profits. Assumptions about the generation of future taxable profits depend on management\u2019s estimates of future cash flows. These future cash flow estimates depend on estimates of future sales volumes, price levels of main raw materials, capital expenditure and other components affecting profitability of the operations. These estimates and assumptions are subject to risk and uncertainty hence it is possible that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets recognised on the balance sheet and the amount of any other tax losses and temporary differences not yet recognised. Anora\u2019s ability to generate taxable profit is also subject to general economic, financial, competitive, legislative and regulatory factors that are beyond its control. If Anora generates lower future taxable profits than what management has assumed in determining the amounts of the recognised deferred tax assets, the assets would be impaired, either partly or in full. Accordingly, amounts recognised in balance sheet could potentially be reversed through profit and loss. Changes in circumstances may also result in recognition of deferred tax assets for tax losses that previously have not been recognised as an asset INCOME TAX EXPENSE EUR million 2024 2023 Current tax expense -4.5 -4.4 Adjustments to taxes for prior periods 0.1 0.8 Change in deferred taxes 0.8 17.4 Total -3.7 13.9 RECONCILIATION OF TAX EXPENSE The reconciliation of the tax expense recognised in profit and loss and the tax expense calculated using Anora Group\u2019s domestic corporate tax rate (20.0%): EUR million 2024 2023 Result before taxes 14.7 -53.9 Income tax using the parent company tax rate -2.9 10.8 Effect of tax rates of subsidiaries in foreign jurisdictions 0.0 1.8 Non-taxable income 0.3 1.3 Non-deductable expenses -1.1 -0.4 Adjustments to taxes for prior periods 0.1 0.8 Share of profit in assocated companies, net of tax 0.1 -0.1 Tax on undistributed earnings -0.1 -0.3 Other items -0.1 0.0 Total -3.7 13.9 INCOME TAX RECOGNISED IN OTHER COMPREHENSIVE INCOME 2024 EUR million Before tax Tax Net of tax Cash flow hedges 2.2 -0.3 1.9 Translation differences -6.9 0.0 -6.9 Remeasurements of post-employment benefit obligations -0.3 0.1 -0.2 Total -5.0 -0.2 -5.2 2023 EUR million Before tax Tax Net of tax Cash flow hedges -6.7 1.0 -5.7 Translation differences -12.8 0.0 -12.8 Remeasurements of post-employment benefit obligations -0.1 0.0 -0.1 Total -19.7 1.0 -18.6 DEFERRED TAX ASSETS AND LIABILITIES Change in deferred tax assets and liabilities EUR million 1. Jan. 24 Recognised in profit or loss Recognised in OCI Acquired /disposed business Exhange rate differences 31. Dec. 24 Deferred tax assets: Tax losses 3.7 -0.8 - - -0.0 2.9 Fixed assets 2.2 0.1 - - -0.2 2.1 Lease Liabilities 29.1 -2.3 - - -1.1 25.7 Inventory -0.7 -0.6 - - 0.0 -1.3 Pension benefits 0.5 0.0 0.1 -0.0 0.0 0.6 Other temporary differences 1.5 -0.8 -0.0 - -0.1 0.7 Total deferred tax assets 36.4 -4.5 0.1 0.0 -1.4 30.6 Offset against deferred tax liabilities -36.5 4.5 -0.1 0.0 1.4 -30.6 Net deferred tax assets 0.0 - - - - - Deferred tax liabilities: Fixed assets 4.8 0.1 - - -0.4 4.4 Right-of-use assets 14.6 -1.5 -0.0 - -0.4 12.8 Recognised in hedge reserve -0.1 -0.2 0.2 - 0.0 -0.1 Fair value allocation on acquisitions 41.2 -2.1 - - -0.9 38.3 Deductable goodwill depreciation 9.1 -0.1 - - -0.2 8.8 Undistributed profits of foreign subsidiaries 1.6 -0.6 - - 0.0 1.0 Other temporary differences 1.7 -0.8 - - -0.2 0.7 Total deferred tax liabilities 73.0 -5.2 0.2 - -2.0 65.9 Offset against deferred tax assets -36.5 4.5 -0.1 0.0 1.4 -30.6 Net deferred tax liabilities 36.5 -0.8 0.1 0.0 -0.6 35.4 On 31 December 2024, the Group had EUR 0.5 million (2023: EUR 0.8 million) of tax loss carry forwards for which no deferred tax was recognised. Anora\u2019s management estimates these losses arise in subsidiaries which have neither indication of future taxable income nor other convincing evidence that tax losses can be utilised and deferred tax asset be recognised in balance sheet. DEFERRED TAX ASSETS AND LIABILITIES Change in deferred tax assets and liabilities EUR million 1. Jan. 23 Recognised in profit or loss Recognised in OCI Acquired /disposed business Exhange rate differences 31. Dec. 23 Deferred tax assets: Tax losses 3.7 0.2 - - -0.2 3.7 Fixed assets - 2.1 - - 0.1 2.2 Lease Liabilities 31.4 -0.6 - - -1.6 29.1 Inventory - -0.7 - - - -0.7 Pension benefits 0.6 0.0 -0.0 -0.0 -0.0 0.5 Other temporary differences 0.5 1.0 - -0.0 -0.0 1.5 Total deferred tax assets 36.2 2.1 -0.0 -0.0 -1.8 36.4 Offset against deferred tax liabilities -35.6 -2.9 0.2 - 1.9 -36.5 Net deferred tax assets 0.6 -0.8 0.2 -0.0 0.0 0.0 Deferred tax liabilities: Fixed assets 4.6 -0.1 - 0.3 -0.0 4.8 Right-of-use assets 29.7 -13.3 - - -1.8 14.6 Recognised in hedge reserve 1.1 -0.2 -1.0 - - -0.1 Fair value allocation on acquisitions 45.2 -1.9 - - -2.1 41.2 Deductable goodwill depreciation 9.3 -0.2 - - 0.0 9.1 Undistributed profits of foreign subsidiaries 1.3 0.3 - - 0.0 1.6 Other temporary differences 1.7 - - - 0.0 1.7 Total deferred tax liabilities 92.9 -15.3 -1.0 0.3 -3.8 73.0 Offset against deferred tax assets -35.6 -2.9 0.2 0.0 1.9 -36.5 Net deferred tax liabilities 57.3 -18.2 -0.9 0.3 -1.9 36.5",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-548": {
"value": "Accounting policy - Income tax expense The Group\u2019s income tax expense recognised through profit or loss comprises current tax based on taxable income for the period, any adjustments to tax payable in respect of previous periods, and changes in deferred taxes. Current income tax based on taxable income is calculated according to the local tax regulations of each Group company. Tax effects related to transactions or other events recognised in profit or loss are recognised in profit or loss. If the taxes relate to items of other comprehensive income or transactions or other events recognised directly in equity, income tax expense is recognised within the respective items. The Group\u2019s share of profit or loss in associated companies and joint ventures is reported as calculated from the net profit and thus including the income tax effect. Deferred tax assets and liabilities are principally recognised for all temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The most significant temporary differences arise from intangible assets, property, plant and equipment, right-of-use assets and corresponding lease liabilities, carry forward of unused tax losses and fair value allocations on business combinations. Deferred tax on assets and liabilities arising from single transactions are presented in a net basis in the income statement and in the balance sheet but are shown with gross values in the deferred tax notes. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax liabilities are recognised in full. Deferred taxes are calculated using tax rates enacted or substantively enacted at the end of the reporting period. Deferred tax is recognised for foreign subsidiaries undistributed earnings only when related tax effects are probable. Deferred tax assets and liabilities are set off when they are levied by same taxing authority and Anora has legally enforceable right to set off the balances. The legislation implementing the OECD Pillar Two model rules came into effect from January 1, 2024 onwards. Anora applies the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023. The Pillar Two legislation does not have a material impact on Anora\u2019s income taxes. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-550": {
"value": "6.2 COLLATERALS, COMMITMENTS AND
CONTINGENT ASSETS AND LIABILITIES
EUR million 2024 2023
Collaterals and
commitments
Collaterals given on behalf of
Group companies
Mortgages 18.5 18.5
Guarantees 11.8 13.0
TOTAL COLLATERALS 30.3 31.5
Commitments
Short-term and low value
lease obligations;
Less than one year 0.3 0.3
Between one and five years 0.2 0.3
Total short-term and low
value lease obligations 0.4 0.6
Other commitments 3.2 2.3
TOTAL COMMITMENTS 3.6 2.9
Collaterals given on behalf of Group companies
all relate to commitments to authorities. Short-
term and low value obligations consist mainly of
IT equipment. Other commitments include mainly
purchase obligations of wine.
Anora has made commitments related to the
acquisition of fixed assets amounting to EUR 0.9
million for the year 2025.
Accounting policy - Emission allowances
The Group participates in the European Union
emission trading scheme, where it has been
granted a certain number of carbon dioxide
emission allowances for a certain period of time,
free of charge. Anora Group Plc discloses its
carbon dioxide emission allowances granted free
of charge on net basis. The emission allowances
granted free are recognised on zero-value. If
the Group has sufficient amount of allowances
to cover the obligation to deliver allowances
corresponding to the amount of emissions made,
the obligation is recognised as corresponding
value of emissions (zero value). The Group does
not recognise income or expenses arising from
emission allowances through profit or loss when
the emission allowances granted are sufficient
to cover the obligation to deliver allowances
corresponding to the amount of emissions
made. If the realised emissions exceed the
granted emission allowances, the obligation
arising from the excess emissions is recognised
at fair value as a liability in the balance sheet
at the reporting date. If the realised emissions
fall below the granted emission allowances, the
difference is not recognised in the balance sheet,
but it is disclosed in the notes to the financial
statements, measured at fair value .
Anora\u2019s actual emissions are below the emission
allowances granted. The following table presents
changes in allowances for financial years 2024 and
2023 as well as their fair values:
EUR million 2024 2023
Emissions allowances
received 22.6 22.6
Excess emission allowances
from the previous period 1.0 2.0
Sold emission allowances - -2.0
Realised emissions -15.4 -21.6
Emission allowances at
31 December 8.2 1.0
Fair value of emission
allowances at
31 December, EUR million 0.3 0.1
Anora continues to operate within the emission
trading system for the trading period 2021\u20132030.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCollateralExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-552": {
"value": "6.2 COLLATERALS, COMMITMENTS AND CONTINGENT ASSETS AND LIABILITIES EUR million 2024 2023 Collaterals and commitments Collaterals given on behalf of Group companies Mortgages 18.5 18.5 Guarantees 11.8 13.0 TOTAL COLLATERALS 30.3 31.5 Commitments Short-term and low value lease obligations; Less than one year 0.3 0.3 Between one and five years 0.2 0.3 Total short-term and low value lease obligations 0.4 0.6 Other commitments 3.2 2.3 TOTAL COMMITMENTS 3.6 2.9 Collaterals given on behalf of Group companies all relate to commitments to authorities. Short- term and low value obligations consist mainly of IT equipment. Other commitments include mainly purchase obligations of wine. Anora has made commitments related to the acquisition of fixed assets amounting to EUR 0.9 million for the year 2025. Accounting policy - Emission allowances The Group participates in the European Union emission trading scheme, where it has been granted a certain number of carbon dioxide emission allowances for a certain period of time, free of charge. Anora Group Plc discloses its carbon dioxide emission allowances granted free of charge on net basis. The emission allowances granted free are recognised on zero-value. If the Group has sufficient amount of allowances to cover the obligation to deliver allowances corresponding to the amount of emissions made, the obligation is recognised as corresponding value of emissions (zero value). The Group does not recognise income or expenses arising from emission allowances through profit or loss when the emission allowances granted are sufficient to cover the obligation to deliver allowances corresponding to the amount of emissions made. If the realised emissions exceed the granted emission allowances, the obligation arising from the excess emissions is recognised at fair value as a liability in the balance sheet at the reporting date. If the realised emissions fall below the granted emission allowances, the difference is not recognised in the balance sheet, but it is disclosed in the notes to the financial statements, measured at fair value . Anora\u2019s actual emissions are below the emission allowances granted. The following table presents changes in allowances for financial years 2024 and 2023 as well as their fair values: EUR million 2024 2023 Emissions allowances received 22.6 22.6 Excess emission allowances from the previous period 1.0 2.0 Sold emission allowances - -2.0 Realised emissions -15.4 -21.6 Emission allowances at 31 December 8.2 1.0 Fair value of emission allowances at 31 December, EUR million 0.3 0.1 Anora continues to operate within the emission trading system for the trading period 2021\u20132030.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-554": {
"value": "Accounting policy - Emission allowances The Group participates in the European Union emission trading scheme, where it has been granted a certain number of carbon dioxide emission allowances for a certain period of time, free of charge. Anora Group Plc discloses its carbon dioxide emission allowances granted free of charge on net basis. The emission allowances granted free are recognised on zero-value. If the Group has sufficient amount of allowances to cover the obligation to deliver allowances corresponding to the amount of emissions made, the obligation is recognised as corresponding value of emissions (zero value). The Group does not recognise income or expenses arising from emission allowances through profit or loss when the emission allowances granted are sufficient to cover the obligation to deliver allowances corresponding to the amount of emissions made. If the realised emissions exceed the granted emission allowances, the obligation arising from the excess emissions is recognised at fair value as a liability in the balance sheet at the reporting date. If the realised emissions fall below the granted emission allowances, the difference is not recognised in the balance sheet, but it is disclosed in the notes to the financial statements, measured at fair value . ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-555": {
"value": "6.3 RELATED PARTY TRANSACTIONS
The Company\u2019s related parties include the
subsidiaries, associated companies and joint
arrangements. The subsidiaries are presented in
Note 5.3 and the associated companies and joint
arrangements in Note 5.4. Related party transactions
with associated companies and joint arrangements
are not eliminated in the Group\u2019s consolidated
financial statements.
Related parties also include the Board of Directors,
the CEO, the members of the Executive Management
Team and their family members as well as entities
controlled or jointly controlled by these persons.
Also, entities that are controlled or jointly controlled
by, or are associates of the State of Finland, are
related parties of Anora based on the fact that the
State of Finland has significant influence over Anora.
However, Anora has applied the exemption to report
only material transactions with the government
related entities. Transactions with related parties
are entered into on market terms. Anora has related
party transactions on a continuous basis with its
major customer Alko.
The following transactions have taken place with related parties:
EUR millon 2024 2023
Sale of goods and services
Associates, joint ventures and joint operations 0.3 1.0
Finnish government related entity 85.8 91.6
Total 86.1 92.7
Purchases of goods and services
Associates, joint ventures and joint operations 4.8 5.8
Shareholder 2.0 2.2
Finnish government related entity 1.0 1.3
Total 7.8 9.3
Outstanding balances from sales and purchases of goods and services
Receivables
Associates, joint ventures and joint operations 0.0 0.1
Finnish government related entity 2.0 3.0
Total 2.0 3.1
Payables
Associates, joint ventures and joint operations 0.2 0.2
Shareholder 0.1 0.3
Finnish government related entity 0.1 0.1
Total 0.4 0.6
Loans granted
Associated companies 0.1 -
Total 0.1 -
MANAGEMENT REMUNERATION
EUR million 2024 2023
CEO
Salaries and other short-
term employee benefits 0.7 0.6
Pension benefits 0.1 0.1
TOTAL 0.8 0.7
Members of the Executive
Management Team (CEO not
included)
Salaries and other short-
term employee benefits 1.7 1.5
Performance bonus and the
bonuses from long-term
incentive plan 0.3 0.0
Pension benefits
1
0.1 0.2
TOTAL 2.1 1.7
1
Include only supplementary pensions
No monetary loans have been granted to the CEO
or the members of the Board of Directors, nor any
collaterals or commitments granted on their behalf.
In October 2024, the CEO of Anora Group Plc
informed the company of his desire to retire and
resign from the position of the CEO once the Board
of Directors has appointed a successor. The CEO
doesn\u2019t have any supplementary pension insurance
paid by the Group. The Board of Directors has
initiated a recruitment process to appoint a new
CEO.
MANAGEMENT\u2019S SHAREHOLDINGS
Executive Management Position
Number of shares at
31 Dec 2024
Number of shares at
31 Dec 2023
Jacek Pastuszka
CEO
0 0
Stein Eriksen
CFO
0 n/a
Janne Halttunen
SVP, Wine
9 300 9 300
Kirsi Puntila
SVP, Spirits
6 666 6 666
Risto Gaggl
SVP, Industrial
0 0
Johanna Sund\u00e9n
Chief People and Communications Officer (CPCO)
0 0
Mikkel Pilemand Chief Growth Officer (CGO) 6 000 0
Thomas Heinonen Group General Counsel 4 375 n/a
Sigmund Toth
Former CFO
n/a 14 057
Hannu Tuominen
Former SVP, Industrial
n/a 9 600
Kirsi Lehtola
Former Chief Human Resource Officer (CHRO)
n/a 5 100
Total
26 341 44 723
% of total shares
0,04% 0,07%
BOARD OF DIRECTOR\u2019S COMPENSATION AND SHAREHOLDINGS
Board of Director\u2019s Position Fees 2024, EUR Feer 2023 EUR
Shareholding
at 31 Dec 2024,
Number of
shares
Shareholding
at 31 Dec 2023,
Number of
shares
Michael Holm Johansen Chairperson of the Board 102 282 99 532 80 000 80 000
Jyrki M\u00e4ki-Kala Vice Chairperson of the Board 72 100 71 500 13 600 13 600
Kirsten \u00c6gidius Board member 51 400 50 600 6 100 6 100
Christer Kjos Board member 51 750 52 800 0 0
Annareetta Lumme-
Timonen
Board member
51 100 51 600 4 600 4 600
Torsten Steenholt Board member 48 450 51 000 20 000 20 000
Florence Rollet Board member 53 300 47 000 4 620 4 620
Arne Larsen Board member 1 800 9 600 0 0
Jussi Mikkola Board member 9 650 8 400 100 100
Former board members:
Sanna Suvanto-Harsaae Vice Chairperson of the Board
until 19 April 2023 n/a 4 800 n/a n/a
Ingeborg Fl\u00f8nes Board member until 19 April
2023 n/a 4 200 n/a n/a
Total 441 832 451 032 129 020 129 020
% of total shares 0,19 % 0,19 %
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-556": {
"value": "The Company\u2019s related parties include the subsidiaries, associated companies and joint arrangements. The subsidiaries are presented in Note 5.3 and the associated companies and joint arrangements in Note 5.4. Related party transactions with associated companies and joint arrangements are not eliminated in the Group\u2019s consolidated financial statements. Related parties also include the Board of Directors, the CEO, the members of the Executive Management Team and their family members as well as entities controlled or jointly controlled by these persons. Also, entities that are controlled or jointly controlled by, or are associates of the State of Finland, are related parties of Anora based on the fact that the State of Finland has significant influence over Anora. However, Anora has applied the exemption to report only material transactions with the government related entities. Transactions with related parties are entered into on market terms. Anora has related party transactions on a continuous basis with its major customer Alko. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-557": {
"value": "MANAGEMENT REMUNERATION EUR million 2024 2023 CEO Salaries and other short- term employee benefits 0.7 0.6 Pension benefits 0.1 0.1 TOTAL 0.8 0.7 Members of the Executive Management Team (CEO not included) Salaries and other short- term employee benefits 1.7 1.5 Performance bonus and the bonuses from long-term incentive plan 0.3 0.0 Pension benefits 1 0.1 0.2 TOTAL 2.1 1.7 1 Include only supplementary pensions No monetary loans have been granted to the CEO or the members of the Board of Directors, nor any collaterals or commitments granted on their behalf. In October 2024, the CEO of Anora Group Plc informed the company of his desire to retire and resign from the position of the CEO once the Board of Directors has appointed a successor. The CEO doesn\u2019t have any supplementary pension insurance paid by the Group. The Board of Directors has initiated a recruitment process to appoint a new CEO. MANAGEMENT\u2019S SHAREHOLDINGS Executive Management Position Number of shares at 31 Dec 2024 Number of shares at 31 Dec 2023 Jacek Pastuszka CEO 0 0 Stein Eriksen CFO 0 n/a Janne Halttunen SVP, Wine 9 300 9 300 Kirsi Puntila SVP, Spirits 6 666 6 666 Risto Gaggl SVP, Industrial 0 0 Johanna Sund\u00e9n Chief People and Communications Officer (CPCO) 0 0 Mikkel Pilemand Chief Growth Officer (CGO) 6 000 0 Thomas Heinonen Group General Counsel 4 375 n/a Sigmund Toth Former CFO n/a 14 057 Hannu Tuominen Former SVP, Industrial n/a 9 600 Kirsi Lehtola Former Chief Human Resource Officer (CHRO) n/a 5 100 Total 26 341 44 723 % of total shares 0,04% 0,07% BOARD OF DIRECTOR\u2019S COMPENSATION AND SHAREHOLDINGS Board of Director\u2019s Position Fees 2024, EUR Feer 2023 EUR Shareholding at 31 Dec 2024, Number of shares Shareholding at 31 Dec 2023, Number of shares Michael Holm Johansen Chairperson of the Board 102 282 99 532 80 000 80 000 Jyrki M\u00e4ki-Kala Vice Chairperson of the Board 72 100 71 500 13 600 13 600 Kirsten \u00c6gidius Board member 51 400 50 600 6 100 6 100 Christer Kjos Board member 51 750 52 800 0 0 Annareetta Lumme- Timonen Board member 51 100 51 600 4 600 4 600 Torsten Steenholt Board member 48 450 51 000 20 000 20 000 Florence Rollet Board member 53 300 47 000 4 620 4 620 Arne Larsen Board member 1 800 9 600 0 0 Jussi Mikkola Board member 9 650 8 400 100 100 Former board members: Sanna Suvanto-Harsaae Vice Chairperson of the Board until 19 April 2023 n/a 4 800 n/a n/a Ingeborg Fl\u00f8nes Board member until 19 April 2023 n/a 4 200 n/a n/a Total 441 832 451 032 129 020 129 020 % of total shares 0,19 % 0,19 % 6.4 SHARE-BASED PAYMENTS Anora Group has a share-based long-term incentive scheme for the company\u2019s management and selected key employees, which are settled in shares. The scheme comprises a Performance Share Plan for the top management and other key employees and a Restricted Share Plan as a complementary structure for individually selected key employees in specific situations. In 2022, the complementary structure was a Bridge Plan to cover the transition period into the integrated business operations of Anora Group. The objectives of the share-based long-term incentive scheme are to align the interests of Anora Group\u2019s management and key employees with those of the company\u2019s shareholders and, thus, to promote shareholder value creation in the long term, to commit management and key employees to achieving Anora Group\u2019s strategic targets, and the retention of Anora Group\u2019s key resources. The scheme consists of annually commencing individual performance share plans with a three- year vesting period except for the Bridge Plan, whose vesting period was two years, followed by the payment of the potential share rewards. The potential share rewards will be paid in listed shares of Anora Group. The commencement of each new plan is subject to a separate decision of Anora Group\u2019s Board of Directors. The payment of the rewards is conditional on the achievement of the performance targets which the Board of Directors has set for the plan. The value of the reward payable to participants based on the plans is limited by a share price development-based cutter. If the individual\u2019s employment with Anora Group terminates before the payment of the reward, the individual is, as a main rule, not entitled to any reward based on the respective plan. Accounting policy \u2013 Share based payments The granted shares are measured at fair value at the grant date and are recognised as personnel expenses over the vesting period with corresponding increase in equity. Non-market conditions are not included in fair value of share-based instruments but in the number of instruments that are expected to vest. At each reporting period closing date, the estimates about number of instruments are revised and the impact is recognised in income statement. Share Plans Bridge Plan for the years 2022-2023 The Bridge Plan was established to cover specific incentive, and retention needs during the transaction related transition period during which the joint businesses of Altia Plc and Arcus ASA were integrated in connection with the formation of Anora Group. The Bridge Plan was a one-off plan commencing effective as of the beginning of 2022 and its performance period covered the years 2022\u20122023. The payment of the share rewards was conditional on the achievement of the certain performance targets which the Board of Directors set for the plan. These performance targets were not met, and no rewards based on this Bridge Plan were paid in 2024. Performance share plan 2022\u20132024 The performance share plan 2022-2024 (PSP 2022- 2024) is effective as of the beginning of 2022 and the share rewards payable thereunder will be paid during H1 2025. The performance measures based on which the potential share reward under PSP 2022\u20122024 will be paid, are revenue growth, earnings per share (EPS), the relative total shareholder return of the Company\u2019s share and a measure linked to the reduction of CO 2 emissions. Eligible for participation in PSP 2022\u20122024 are 29 individuals, including the members of Anora Group\u2019s Executive Management Team. If all the performance targets set for this plan are fully achieved, the aggregate maximum number of shares to be paid based on this plan is approximately 250,517 shares, referring to gross earnings before the withholding of the applicable payroll tax. Restricted share plan 2022-2024 The individual plan 2022-2025 within the RSP structure is effective as of the beginning of 2022 and the potential share rewards thereunder will be paid during H1 2025 at the latest. Eligible for participation is one individual, and the vesting conditions is employment requirement. The aggregate maximum number of shares to be paid based on the plan is approximately 8,000 shares referring to gross earnings before the withholding of the applicable payroll tax. Performance share plan 2023\u20132025 The performance share plan 2023-2025 (PSP 2023- 2025) is effective as of the beginning of 2023 and the share rewards payable thereunder will be paid during H12026. The performance measures based on which the potential share reward under PSP 2023-2025 will be paid, are revenue growth, earnings per share (EPS), the relative total shareholder return of the Company\u2019s share and a measure linked to ESG \u2013 Sustainalytics ESG Risk Rating Score. Eligible for participation in PSP 2023-2025 are 35 individuals, including the members of Anora Group\u2019s Executive Management Team. If all the performance targets set for this plan are fully achieved, the aggregate maximum number of shares to be paid based on this plan is approximately 358,133 shares, referring to gross earnings before the withholding of the applicable payroll tax. Performance share plan 2024-2026 The performance share plan 2024-2026 is effective as of the beginning of 2024 and the share rewards payable thereunder will be paid during H1 2027. The performance measures based on which the potential share reward under PSP 2024-2026 will be paid, are revenue growth, earnings per share (EPS), the relative total shareholder return of the Company\u2019s share and a measure linked to ESG \u2013 Sustainalytics ESG Risk Rating Score. Eligible for participation are 40 individuals, including the members of Anora Group\u2019s Executive Management Team. If all the performance targets set for this plan are fully achieved, the aggregate maximum number of shares to be paid based on the plan is approximately 891,000 shares, referring to gross earnings before the withholding of the applicable payroll tax. Restricted share plan 2024-2026 The individual plan 2024-2026 within the RSP structure is effective as of the beginning of 2024 and the potential share rewards thereunder will be paid during H1 2027 at the latest. Eligible for participation is one individual, and the vesting conditions is employment requirement. The aggregate maximum number of shares to be paid based on the plan is approximately 8,000 shares referring to gross earnings before the withholding of the applicable payroll tax. Share-based payments recognised as expenses in the income statement amount to EUR 0.2 million (2023: 0.0 million). ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-558": {
"value": "6.4 SHARE-BASED PAYMENTS
Anora Group has a share-based long-term incentive
scheme for the company\u2019s management and
selected key employees, which are settled in shares.
The scheme comprises a Performance Share Plan
for the top management and other key employees
and a Restricted Share Plan as a complementary
structure for individually selected key employees
in specific situations. In 2022, the complementary
structure was a Bridge Plan to cover the transition
period into the integrated business operations of
Anora Group.
The objectives of the share-based long-term
incentive scheme are to align the interests of Anora
Group\u2019s management and key employees with
those of the company\u2019s shareholders and, thus, to
promote shareholder value creation in the long term,
to commit management and key employees to
achieving Anora Group\u2019s strategic targets, and the
retention of Anora Group\u2019s key resources.
The scheme consists of annually commencing
individual performance share plans with a three-
year vesting period except for the Bridge Plan,
whose vesting period was two years, followed by
the payment of the potential share rewards. The
potential share rewards will be paid in listed shares
of Anora Group. The commencement of each new
plan is subject to a separate decision of Anora
Group\u2019s Board of Directors.
The payment of the rewards is conditional on the
achievement of the performance targets which the
Board of Directors has set for the plan. The value of
the reward payable to participants based on the
plans is limited by a share price development-based
cutter. If the individual\u2019s employment with Anora
Group terminates before the payment of the reward,
the individual is, as a main rule, not entitled to any
reward based on the respective plan.
Accounting policy \u2013 Share based payments
The granted shares are measured at fair
value at the grant date and are recognised as
personnel expenses over the vesting period with
corresponding increase in equity. Non-market
conditions are not included in fair value of
share-based instruments but in the number of
instruments that are expected to vest. At each
reporting period closing date, the estimates
about number of instruments are revised and the
impact is recognised in income statement.
Share Plans
Bridge Plan for the years 2022-2023
The Bridge Plan was established to cover specific
incentive, and retention needs during the
transaction related transition period during which
the joint businesses of Altia Plc and Arcus ASA were
integrated in connection with the formation of Anora
Group.
The Bridge Plan was a one-off plan commencing
effective as of the beginning of 2022 and its
performance period covered the years 2022\u20122023.
The payment of the share rewards was conditional
on the achievement of the certain performance
targets which the Board of Directors set for the plan.
These performance targets were not met, and no
rewards based on this Bridge Plan were paid in 2024.
Performance share plan 2022\u20132024
The performance share plan 2022-2024 (PSP 2022-
2024) is effective as of the beginning of 2022 and
the share rewards payable thereunder will be paid
during H1 2025. The performance measures based
on which the potential share reward under PSP
2022\u20122024 will be paid, are revenue growth, earnings
per share (EPS), the relative total shareholder return
of the Company\u2019s share and a measure linked to the
reduction of CO
2
emissions. Eligible for participation
in PSP 2022\u20122024 are 29 individuals, including the
members of Anora Group\u2019s Executive Management
Team.
If all the performance targets set for this plan
are fully achieved, the aggregate maximum
number of shares to be paid based on this plan
is approximately 250,517 shares, referring to gross
earnings before the withholding of the applicable
payroll tax.
Restricted share plan 2022-2024
The individual plan 2022-2025 within the RSP
structure is effective as of the beginning of 2022 and
the potential share rewards thereunder will be paid
during H1 2025 at the latest. Eligible for participation
is one individual, and the vesting conditions is
employment requirement. The aggregate maximum
number of shares to be paid based on the plan
is approximately 8,000 shares referring to gross
earnings before the withholding of the applicable
payroll tax.
Performance share plan 2023\u20132025
The performance share plan 2023-2025 (PSP 2023-
2025) is effective as of the beginning of 2023 and
the share rewards payable thereunder will be paid
during H12026. The performance measures based
on which the potential share reward under PSP
2023-2025 will be paid, are revenue growth, earnings
per share (EPS), the relative total shareholder return
of the Company\u2019s share and a measure linked to
ESG \u2013 Sustainalytics ESG Risk Rating Score. Eligible
for participation in PSP 2023-2025 are 35 individuals,
including the members of Anora Group\u2019s Executive
Management Team.
If all the performance targets set for this plan
are fully achieved, the aggregate maximum
number of shares to be paid based on this plan
is approximately 358,133 shares, referring to gross
earnings before the withholding of the applicable
payroll tax.
Performance share plan 2024-2026
The performance share plan 2024-2026 is effective
as of the beginning of 2024 and the share rewards
payable thereunder will be paid during H1 2027.
The performance measures based on which the
potential share reward under PSP 2024-2026 will
be paid, are revenue growth, earnings per share
(EPS), the relative total shareholder return of
the Company\u2019s share and a measure linked to
ESG \u2013 Sustainalytics ESG Risk Rating Score. Eligible
for participation are 40 individuals, including the
members of Anora Group\u2019s Executive Management
Team.
If all the performance targets set for this plan
are fully achieved, the aggregate maximum
number of shares to be paid based on the plan is
approximately 891,000 shares, referring to gross
earnings before the withholding of the applicable
payroll tax.
Restricted share plan 2024-2026
The individual plan 2024-2026 within the RSP
structure is effective as of the beginning of 2024 and
the potential share rewards thereunder will be paid
during H1 2027 at the latest. Eligible for participation
is one individual, and the vesting conditions is
employment requirement. The aggregate maximum
number of shares to be paid based on the plan
is approximately 8,000 shares referring to gross
earnings before the withholding of the applicable
payroll tax.
Share-based payments recognised as expenses
in the income statement amount to EUR 0.2 million
(2023: 0.0 million).
Plan
Bridge
Performance
Share Plan 2022-
2023
Performance
Share Plan
2022
Performance
Share Plan
2023
Performance
Share Plan
2024
Restricted
Share Plan
2022
Restricted
Share Plan
2024
Type Share Share Share Share Share Share
Instrument Performance
Period
2022-2023
Performance
Period
2022-2024
Performance
Period
2023-2025
Performance
Period
2024-2026
Restricted
Share Plan
2022-2024
Restricted
Share Plan
2024-2026
Grant date 17.6.2022 17.6.2022 6.3.2023 15.3.2024 1.3.2024 9.8.2024
Beginning of earning period 1.1.2022 1.1.2022 1.1.2023 1.1.2024
End of earning period 31.12.2023 31.12.2024 31.3.2025 31.3.2026
Vesting date 31.3.2024 31.3.2025 31.3.2026 31.3.2027 1.4.2025 1.4.2027
Vesting conditions Revenue, EPS,
Relative TSR &
ESG
Revenue, EPS,
Relative TSR &
ESG
Revenue, EPS,
Relative TSR &
ESG
Revenue, EPS,
Relative TSR &
ESG
Employment
requirement
Employment
requirement
Maximum contractual life, years 2.25 3.25 3.25 3.25 1.08 2.64
Remaining contractual life, years - 0.25 1.25 2.25 0.25 2.25
Number of persons at the end of
reporting year - 29 35 40 1 1
Payment method Equity Equity Equity Equity Equity Equity
Changes during period
Outstanding in the beginning of the
period 223 000 304 517 442 933 0 0 0
Granted during period 0 0 114 400 1 259 000 8 000 8 000
Forfeited during period -223 000 -54 000 -199 200 -368 000 0 0
Extercised during period 0 0 0 0 0 0
Outstanding at the end of the period 0 250 517 358 133 891 000 8 000 8 000
Valuation parameters for
instruments granted during period
Shareprice at grant, EUR 4.80
Shareprice at reporting period end,
EUR 2.84
Expected dividends, EUR 0.69
Risk free rate, % 2.7%
Volatility, % 23.4%
Valuation model Monte Carlo
Fair value 31.12, EUR 550 220
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-559": {
"value": "Accounting policy \u2013 Share based payments The granted shares are measured at fair value at the grant date and are recognised as personnel expenses over the vesting period with corresponding increase in equity. Non-market conditions are not included in fair value of share-based instruments but in the number of instruments that are expected to vest. At each reporting period closing date, the estimates about number of instruments are revised and the impact is recognised in income statement. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"fact-560": {
"value": "6.5 EVENTS AFTER THE REPORTING PERIOD
Anora announced on March 7, 2025 that Kirsi
Puntila (born 1970), M.Sc. (Econ.), has been appointed
as the new CEO of Anora Group Plc effective
immediately. Kirsi Puntila has been with Anora since
2014. Her most recent position has been Senior Vice
President, Spirits. Previously in her career, Kirsi has
served as the Spirits Category Director of Altia and
as Marketing Director, Altia Brands. Prior to this, she
served in various international roles at Pernod Ricard
companies, most recently as the Global Marketing
Manager, based in Stockholm and London.
The Board of Directors of Anora Group Plc
announced on 14 February 2025 that it has approved
the commencement of a new plan period within
the share-based long-term incentive scheme for
the management and selected key employees.
Eligible for participation in PSP 2025-2027 are
approximately 40 individuals, including the members
of Anora Group\u2019s Executive Management Team.
More information on the plan is available in the stock
exchange release published on February 12, 2025.
No significant other events occurred between
the end of the financial year and the date on which
Anora Group Plc consolidated financial statements
and parent company financial statements were
approved for publication.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:52990007AXNSS4PNX352",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
}
}
}