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  "s7_notes__11__5": {
   "value": "Not<span class=\"_ _0\"></span>e 1 \u2014 Gener<span class=\"_ _0\"></span>al inf<span class=\"_ _8\"></span>ormationElopak ASA i<span class=\"_ _0\"></span>s a public limited comp<span class=\"_ _0\"></span>any incorpor<span class=\"_ _8\"></span>ated in Norway<span class=\"_ _8\"></span>. Elopak is a global s<span class=\"_ _0\"></span>upplier of liquid carton pack<span class=\"_ _0\"></span>aging and filling equipmen<span class=\"_ _0\"></span>t, cat<span class=\"_ _0\"></span>ering t<span class=\"_ _0\"></span>o both t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sh and as<span class=\"_ _0\"></span>eptic seg<span class=\"_ _0\"></span>ments. The principal activitie<span class=\"_ _0\"></span>s of the Compan<span class=\"_ _0\"></span>y and its sub<span class=\"_ _0\"></span>sidiaries ar<span class=\"_ _8\"></span>e described in Not<span class=\"_ _8\"></span>e 5. The addr<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>egist<span class=\"_ _8\"></span>ered office and princip<span class=\"_ _0\"></span>al place of busine<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s Industriv<span class=\"_ _0\"></span>eien 30, 3430 Spikk<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ad, Nor<span class=\"_ _a\"></span>wa<span class=\"_ _0\"></span>y. Elop<span class=\"_ _0\"></span>ak ASA is li<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed on Oslo B\u00f8r<span class=\"_ _0\"></span>s. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _8\"></span>s and the CEO aut<span class=\"_ _0\"></span>horized t<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts of Elopak ASA and its s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the ye<span class=\"_ _0\"></span>ar ended December 31, 2022, f<span class=\"_ _8\"></span>or iss<span class=\"_ _0\"></span>ue on Mar<span class=\"_ _0\"></span>ch 30, 2023.Elopak's m<span class=\"_ _0\"></span>aterial acc<span class=\"_ _0\"></span>ounting policie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e included in the e<span class=\"_ _0\"></span>xplanat<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y note<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements.Not<span class=\"_ _0\"></span>e 2 \u2014 Basis of pr<span class=\"_ _8\"></span>epar<span class=\"_ _0\"></span>ationThe cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements of E<span class=\"_ _0\"></span>lopak ASA and its s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve been pr<span class=\"_ _8\"></span>epared in accor<span class=\"_ _8\"></span>dance with Int<span class=\"_ _8\"></span>ernation<span class=\"_ _0\"></span>al Financial R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting Stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds (IFR<span class=\"_ _0\"></span>S) as adopt<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>urope<span class=\"_ _0\"></span>an Union (EU). The accounting policie<span class=\"_ _0\"></span>s adopt<span class=\"_ _0\"></span>ed hav<span class=\"_ _0\"></span>e been applied consi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ently t<span class=\"_ _0\"></span>o all of the y<span class=\"_ _0\"></span>ears pr<span class=\"_ _8\"></span>esent<span class=\"_ _8\"></span>ed. Elopak also pr<span class=\"_ _8\"></span>ovides di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es in accor<span class=\"_ _8\"></span>dance with r<span class=\"_ _8\"></span>equirement<span class=\"_ _0\"></span>s in the Norwegian Acc<span class=\"_ _0\"></span>ounting A<span class=\"_ _0\"></span>ct (R<span class=\"_ _0\"></span>egnsk<span class=\"_ _0\"></span>apslov<span class=\"_ _0\"></span>en). New and amended stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds adopt<span class=\"_ _0\"></span>ed by Elopak do not h<span class=\"_ _0\"></span>ave a m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial impact on the con<span class=\"_ _0\"></span>solidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements. The Elopak Gr<span class=\"_ _0\"></span>oup consis<span class=\"_ _0\"></span>ts of Elopak ASA and it<span class=\"_ _0\"></span>s subsidiarie<span class=\"_ _0\"></span>s as set out in No<span class=\"_ _0\"></span>te 22.The cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts incorpor<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements of t<span class=\"_ _0\"></span>he compa<span class=\"ws0\">-</span>nies con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>olled by Elopak ASA. The f<span class=\"_ _8\"></span>unctional curr<span class=\"_ _8\"></span>ency of Elopak ASA is t<span class=\"_ _0\"></span>he Eur<span class=\"_ _8\"></span>o (EUR). All numbers ar<span class=\"_ _8\"></span>e pr<span class=\"_ _0\"></span>esent<span class=\"_ _8\"></span>ed in Eur<span class=\"_ _8\"></span>o 1,000 unless ot<span class=\"_ _0\"></span>her<span class=\"_ _a\"></span>wis<span class=\"_ _0\"></span>e is clearly s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ed.Not<span class=\"_ _0\"></span>e 3 \u2014 Mat<span class=\"_ _8\"></span>erial accounting polici<span class=\"_ _0\"></span>esMat<span class=\"_ _0\"></span>erial accoun<span class=\"_ _0\"></span>ting policies and in<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mation about m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t judgments, e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>es, and ass<span class=\"_ _0\"></span>umptions ar<span class=\"_ _8\"></span>e pro<span class=\"_ _0\"></span>vided in the r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e not<span class=\"_ _0\"></span>es thr<span class=\"_ _8\"></span>oughout the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span>ments. A<span class=\"_ _0\"></span>ccountin<span class=\"_ _0\"></span>g policies th<span class=\"_ _0\"></span>at r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o the financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements a<span class=\"_ _0\"></span>s a whole or ar<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>vant f<span class=\"_ _0\"></span>or sev<span class=\"_ _0\"></span>eral no<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e included in this \u201cM<span class=\"_ _0\"></span>ateri<span class=\"_ _0\"></span>al accounting policie<span class=\"_ _0\"></span>s\u201d section.F<span class=\"_ _0\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _0\"></span>enciesThe individual financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements of each g<span class=\"_ _0\"></span>roup en<span class=\"_ _0\"></span>tity are pr<span class=\"_ _8\"></span>epared in t<span class=\"_ _0\"></span>he curr<span class=\"_ _8\"></span>ency of the primary economic envir<span class=\"_ _0\"></span>onment in which the en<span class=\"_ _0\"></span>tity operat<span class=\"_ _8\"></span>es (its f<span class=\"_ _0\"></span>unctional c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ency). F<span class=\"_ _0\"></span>or the purpos<span class=\"_ _0\"></span>e of the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>ts, the r<span class=\"_ _8\"></span>esults and fin<span class=\"_ _0\"></span>ancial position of e<span class=\"_ _0\"></span>ach gr<span class=\"_ _8\"></span>oup entit<span class=\"_ _a\"></span>y ar<span class=\"_ _8\"></span>e expr<span class=\"_ _8\"></span>essed in E<span class=\"_ _8\"></span>uro, which i<span class=\"_ _0\"></span>s the f<span class=\"_ _0\"></span>unctional cur<span class=\"_ _0\"></span>rency of t<span class=\"_ _0\"></span>he par<span class=\"_ _0\"></span>ent compan<span class=\"_ _8\"></span>y and the pr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>ation curr<span class=\"_ _0\"></span>ency f<span class=\"_ _0\"></span>or the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements.F<span class=\"_ _0\"></span>or the purpo<span class=\"_ _0\"></span>se of pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ting the con<span class=\"_ _0\"></span>solidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements, the as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s of Elopak\u2019<span class=\"_ _f\"></span>s for<span class=\"_ _8\"></span>eign oper<span class=\"_ _0\"></span>ations ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpre<span class=\"_ _0\"></span>ssed in <span class=\"_ _0\"></span>Eur<span class=\"_ _8\"></span>o using e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>evailin<span class=\"_ _0\"></span>g on the r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate. Income and e<span class=\"_ _8\"></span>xpense it<span class=\"_ _0\"></span>ems ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ated at t<span class=\"_ _0\"></span>he aver<span class=\"_ _8\"></span>age e<span class=\"_ _0\"></span>xch<span class=\"_ _8\"></span>ange r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the r<span class=\"_ _8\"></span>elevant periods.Impairmen<span class=\"_ _0\"></span>t of non-financi<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>ets e<span class=\"_ _0\"></span>xcludi<span class=\"_ _0\"></span>ng goodwillAt each r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate, Elop<span class=\"_ _0\"></span>ak r<span class=\"_ _0\"></span>eviews the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount<span class=\"_ _0\"></span>s of its non-financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s to det<span class=\"_ _0\"></span>ermine whether ther<span class=\"_ _8\"></span>e is an<span class=\"_ _0\"></span>y indication of impairmen<span class=\"_ _0\"></span>t. If any s<span class=\"_ _0\"></span>uch indication e<span class=\"_ _0\"></span>xist<span class=\"_ _0\"></span>s, the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t of the as<span class=\"_ _0\"></span>set is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed in order t<span class=\"_ _8\"></span>o determine t<span class=\"_ _0\"></span>he ext<span class=\"_ _8\"></span>ent of the impair<span class=\"ws0\">-</span>ment los<span class=\"_ _0\"></span>s (if any). Wher<span class=\"_ _8\"></span>e it is not po<span class=\"_ _0\"></span>ssible t<span class=\"_ _0\"></span>o estim<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of an individual ass<span class=\"_ _0\"></span>et, Elopak es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he rec<span class=\"_ _0\"></span>over<span class=\"_ _8\"></span>able amount of the ca<span class=\"_ _0\"></span>sh-gener<span class=\"_ _0\"></span>ating unit t<span class=\"_ _0\"></span>o which the ass<span class=\"_ _0\"></span>et belongs.R<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t is the higher of <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to s<span class=\"_ _0\"></span>ell and value in us<span class=\"_ _0\"></span>e. In ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g value in u<span class=\"_ _0\"></span>se, the e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e discoun<span class=\"_ _0\"></span>ted t<span class=\"_ _8\"></span>o their pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t value usin<span class=\"_ _0\"></span>g a pr<span class=\"_ _0\"></span>e-tax dis<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that r<span class=\"_ _8\"></span>eflects curr<span class=\"_ _8\"></span>ent mark<span class=\"_ _8\"></span>et asse<span class=\"_ _0\"></span>ssmen<span class=\"_ _0\"></span>ts of the time v<span class=\"_ _0\"></span>alue of money and the ri<span class=\"_ _0\"></span>sks s<span class=\"_ _0\"></span>pecific to t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et.If the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount of an asset (or c<span class=\"_ _0\"></span>ash-gener<span class=\"_ _8\"></span>ating unit) is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed to be le<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>an its car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amount, the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et (cash-g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit) is r<span class=\"_ _8\"></span>educed to it<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t. An impairment lo<span class=\"_ _0\"></span>ss is r<span class=\"_ _8\"></span>ecognized immedi<span class=\"_ _0\"></span>ately in pr<span class=\"_ _8\"></span>ofit or loss.Wher<span class=\"_ _0\"></span>e an impairment lo<span class=\"_ _0\"></span>ss sub<span class=\"_ _0\"></span>sequent<span class=\"_ _0\"></span>ly r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>ses, t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount of the as<span class=\"_ _0\"></span>set (ca<span class=\"_ _0\"></span>sh-gen<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span>er<span class=\"_ _0\"></span>ating unit) i<span class=\"_ _0\"></span>s incre<span class=\"_ _0\"></span>ased t<span class=\"_ _0\"></span>o the r<span class=\"_ _8\"></span>evised e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>e of its r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount. The incr<span class=\"_ _0\"></span>eased carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount does not e<span class=\"_ _8\"></span>xceed t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t that w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e been det<span class=\"_ _0\"></span>ermined had no imp<span class=\"_ _0\"></span>airment los<span class=\"_ _0\"></span>s been rec<span class=\"_ _0\"></span>ognized f<span class=\"_ _8\"></span>or the as<span class=\"_ _0\"></span>set (ca<span class=\"_ _0\"></span>sh-gener<span class=\"_ _0\"></span>ating unit) in prior ye<span class=\"_ _0\"></span>ars. A r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal of an impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed immediat<span class=\"_ _0\"></span>ely in pr<span class=\"_ _0\"></span>ofit or loss.Non-derivativ<span class=\"_ _0\"></span>e financi<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>umentsNon-derivativ<span class=\"_ _0\"></span>e financial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s compris<span class=\"_ _0\"></span>e inves<span class=\"_ _0\"></span>tments in equity and debt sec<span class=\"_ _0\"></span>urities,tr<span class=\"_ _0\"></span>ade and other r<span class=\"_ _8\"></span>eceivables, c<span class=\"_ _0\"></span>ash and ca<span class=\"_ _0\"></span>sh equivalen<span class=\"_ _0\"></span>ts, loans and borr<span class=\"_ _8\"></span>owings, and t<span class=\"_ _0\"></span>radeand other p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span>s.Subs<span class=\"_ _0\"></span>equent t<span class=\"_ _0\"></span>o initial r<span class=\"_ _0\"></span>ecognition, non-deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _8\"></span>e measur<span class=\"_ _0\"></span>ed asdes<span class=\"_ _0\"></span>cribed below.Financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts at amor<span class=\"_ _a\"></span>tiz<span class=\"_ _0\"></span>ed costSubs<span class=\"_ _0\"></span>equent t<span class=\"_ _0\"></span>o initial r<span class=\"_ _0\"></span>ecognition, non-deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _8\"></span>e measur<span class=\"_ _8\"></span>ed at amor<span class=\"ls0 ws0\">-</span>tized c<span class=\"_ _0\"></span>ost usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _8\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est met<span class=\"_ _0\"></span>hod, less an<span class=\"_ _8\"></span>y impairment los<span class=\"_ _0\"></span>ses. The c<span class=\"_ _0\"></span>alculation tak<span class=\"_ _8\"></span>es int<span class=\"_ _0\"></span>o account an<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>emium or disc<span class=\"_ _0\"></span>ount on acquisition and include<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ansaction co<span class=\"_ _0\"></span>sts and f<span class=\"_ _0\"></span>ees t<span class=\"_ _0\"></span>hat ar<span class=\"_ _0\"></span>e an int<span class=\"_ _0\"></span>egr<span class=\"_ _8\"></span>al par<span class=\"_ _a\"></span>t of the eff<span class=\"_ _0\"></span>ective int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. The effectiv<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate i<span class=\"_ _0\"></span>s the r<span class=\"_ _8\"></span>ate th<span class=\"_ _0\"></span>at e<span class=\"_ _0\"></span>xactly dis<span class=\"_ _0\"></span>counts e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e cash flo<span class=\"_ _0\"></span>ws thr<span class=\"_ _8\"></span>ough the expect<span class=\"_ _8\"></span>ed life of t<span class=\"_ _0\"></span>he financial a<span class=\"_ _0\"></span>sset or li<span class=\"_ _0\"></span>ability or<span class=\"_ _0\"></span>, wher<span class=\"_ _0\"></span>e appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e, a shor<span class=\"_ _a\"></span>ter period.Financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts at f<span class=\"_ _0\"></span>air valueThe f<span class=\"_ _0\"></span>air value of inv<span class=\"_ _0\"></span>estmen<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e actively tr<span class=\"_ _8\"></span>aded in organiz<span class=\"_ _0\"></span>ed financial m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>ets i<span class=\"_ _0\"></span>s deter<span class=\"ws0\">-</span>mined by r<span class=\"_ _8\"></span>efer<span class=\"_ _8\"></span>ence to quot<span class=\"_ _8\"></span>ed mark<span class=\"_ _8\"></span>et bid prices at the clos<span class=\"_ _0\"></span>e of busines<span class=\"_ _0\"></span>s on the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting dat<span class=\"_ _8\"></span>e. For inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ments wher<span class=\"_ _8\"></span>e ther<span class=\"_ _0\"></span>e is no activ<span class=\"_ _0\"></span>e mark<span class=\"_ _8\"></span>et, f<span class=\"_ _0\"></span>air value i<span class=\"_ _0\"></span>s deter<span class=\"_ _0\"></span>mined using<span class=\"_ _0\"></span> valuation t<span class=\"_ _0\"></span>echniques. Such t<span class=\"_ _8\"></span>echniques include using r<span class=\"_ _8\"></span>ecent arm<span class=\"_ _0\"></span>\u2019<span class=\"_ _f\"></span>s leng<span class=\"_ _a\"></span>th m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et tr<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s; r<span class=\"_ _0\"></span>efer<span class=\"_ _8\"></span>ence t<span class=\"_ _0\"></span>o the curr<span class=\"_ _8\"></span>ent mark<span class=\"_ _8\"></span>et value of another in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t which is sub<span class=\"_ _0\"></span>stantially t<span class=\"_ _0\"></span>he same; di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>ed cas<span class=\"_ _0\"></span>h flow analy<span class=\"_ _0\"></span>sis or other v<span class=\"_ _0\"></span>aluation models.T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade and other pay<span class=\"_ _0\"></span>ablesT<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade and other pay<span class=\"_ _0\"></span>ables t<span class=\"_ _0\"></span>hat cont<span class=\"_ _0\"></span>ain significant fin<span class=\"_ _0\"></span>ancing componen<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured atamor<span class=\"_ _a\"></span>tized c<span class=\"_ _0\"></span>ost, ot<span class=\"_ _0\"></span>her<span class=\"_ _a\"></span>wis<span class=\"_ _0\"></span>e, they ar<span class=\"_ _8\"></span>e measur<span class=\"_ _8\"></span>ed at nominal value.Adoption of new and r<span class=\"_ _8\"></span>evised In<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ational Fi<span class=\"_ _0\"></span>nancial R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting Sta<span class=\"_ _0\"></span>ndar<span class=\"_ _0\"></span>dsA number of new stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e eff<span class=\"_ _0\"></span>ective f<span class=\"_ _8\"></span>or annual periods beginning aft<span class=\"_ _0\"></span>er Januar<span class=\"_ _a\"></span>y 1, 2022, and earlier application i<span class=\"_ _0\"></span>s permitt<span class=\"_ _0\"></span>ed.Elopak h<span class=\"_ _0\"></span>as early adopt<span class=\"_ _8\"></span>ed amendments t<span class=\"_ _0\"></span>o Disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of Accoun<span class=\"_ _0\"></span>ting P<span class=\"_ _8\"></span>olicies (Amendments t<span class=\"_ _8\"></span>o IAS 1 and IFR<span class=\"_ _0\"></span>S Pr<span class=\"_ _8\"></span>actice Stat<span class=\"_ _0\"></span>ement 2) and Definition of Accoun<span class=\"_ _0\"></span>ting Es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es (Amendment<span class=\"_ _0\"></span>s at pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t, to IAS 8) s<span class=\"_ _0\"></span>tandar<span class=\"_ _8\"></span>ds in pr<span class=\"_ _0\"></span>eparing t<span class=\"_ _0\"></span>hese con<span class=\"_ _0\"></span>solidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements.Amendments t<span class=\"_ _8\"></span>o IFRS t<span class=\"_ _0\"></span>hat ar<span class=\"_ _0\"></span>e mand<span class=\"_ _0\"></span>atorily eff<span class=\"_ _8\"></span>ective f<span class=\"_ _0\"></span>or an accountin<span class=\"_ _0\"></span>g period th<span class=\"_ _0\"></span>at begins on or after Januar<span class=\"_ _a\"></span>y 1, 2022 h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e been adopted. Their adop<span class=\"_ _0\"></span>tion has not h<span class=\"_ _0\"></span>ad an<span class=\"_ _0\"></span>y mat<span class=\"_ _0\"></span>erial impact on the di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es or on the amoun<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ted in t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">R<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence to t<span class=\"_ _0\"></span>he Concept<span class=\"_ _0\"></span>ual Fr<span class=\"_ _8\"></span>amework (Amendments t<span class=\"_ _8\"></span>o IFRS 3)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, Plant, and E<span class=\"_ _8\"></span>quipment: Pr<span class=\"_ _8\"></span>oceeds bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>ended Use (Amendments t<span class=\"_ _8\"></span>o IAS 16)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Onerou<span class=\"_ _0\"></span>s contr<span class=\"_ _8\"></span>acts \u2013 Cost of F<span class=\"_ _8\"></span>ulfilling a Contr<span class=\"_ _8\"></span>act (Amendments t<span class=\"_ _0\"></span>o IAS 37)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Annual Impro<span class=\"_ _0\"></span>vement<span class=\"_ _0\"></span>s to IFR<span class=\"_ _8\"></span>S Standar<span class=\"_ _8\"></span>ds 2018\u20132020</span></span>The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _0\"></span>w and amended standar<span class=\"_ _8\"></span>ds ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _8\"></span>o hav<span class=\"_ _0\"></span>e a mat<span class=\"_ _0\"></span>erial impact on Elopak\u2019<span class=\"_ _f\"></span>s consolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atement: <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed T<span class=\"_ _1\"></span>ax rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to As<span class=\"_ _0\"></span>sets and Liabilitie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a Single T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction (Amend-</span></span>ments t<span class=\"_ _8\"></span>o IAS 12) <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Clas<span class=\"_ _0\"></span>sification of Liabilities a<span class=\"_ _0\"></span>s Curr<span class=\"_ _0\"></span>ent or Non-curr<span class=\"_ _8\"></span>ent (Amendments t<span class=\"_ _8\"></span>o IAS 1)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>IFRS 17 In<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance Contr<span class=\"_ _8\"></span>acts and amendments t<span class=\"_ _0\"></span>o IFR<span class=\"_ _0\"></span>S 17 Insur<span class=\"_ _8\"></span>ance Contr<span class=\"_ _0\"></span>acts</span></span>Not<span class=\"_ _0\"></span>e 4 \u2014 Critic<span class=\"_ _0\"></span>al accounting judg<span class=\"_ _0\"></span>ments and k<span class=\"_ _8\"></span>ey sour<span class=\"_ _8\"></span>ces of esti<span class=\"_ _0\"></span>mation uncer<span class=\"_ _a\"></span>tai<span class=\"_ _0\"></span>ntyI In the applic<span class=\"_ _0\"></span>ation of Elopak\u2019<span class=\"_ _1\"></span>s acc<span class=\"_ _0\"></span>ounting policie<span class=\"_ _0\"></span>s, which ar<span class=\"_ _0\"></span>e described in Not<span class=\"_ _8\"></span>e 3, manag<span class=\"_ _0\"></span>ement is r<span class=\"_ _8\"></span>equired t<span class=\"_ _8\"></span>o mak<span class=\"_ _0\"></span>e judgment<span class=\"_ _0\"></span>s, estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s, and as<span class=\"_ _0\"></span>sumptions about t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>ts of ass<span class=\"_ _0\"></span>ets and liabilities t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e not re<span class=\"_ _0\"></span>adily appar<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om other sour<span class=\"_ _8\"></span>ces. The e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>es and ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed<span class=\"_ _a\"></span> ass<span class=\"_ _0\"></span>umptions ar<span class=\"_ _8\"></span>e based on hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical e<span class=\"_ _0\"></span>xperience and other f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to be r<span class=\"_ _0\"></span>elevant. A<span class=\"_ _0\"></span>ctual r<span class=\"_ _8\"></span>esult<span class=\"_ _0\"></span>s may diff<span class=\"_ _8\"></span>er fr<span class=\"_ _8\"></span>om thes<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.The es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es and under<span class=\"_ _0\"></span>lying as<span class=\"_ _0\"></span>sumption<span class=\"_ _0\"></span>s are <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>viewed on a r<span class=\"_ _8\"></span>egular ba<span class=\"_ _0\"></span>sis. R<span class=\"_ _8\"></span>evisions t<span class=\"_ _8\"></span>o accounting es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e recog<span class=\"_ _0\"></span>nized in t<span class=\"_ _0\"></span>he period in which the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>e is r<span class=\"_ _8\"></span>evised if t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>evision aff<span class=\"_ _8\"></span>ects only th<span class=\"_ _0\"></span>at period or in the period of the r<span class=\"_ _8\"></span>evision and f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e periods if the r<span class=\"_ _8\"></span>evision aff<span class=\"_ _8\"></span>ects both curr<span class=\"_ _8\"></span>ent and fut<span class=\"_ _8\"></span>ure period<span class=\"_ _0\"></span>s.Busines<span class=\"_ _0\"></span>s combination<span class=\"_ _0\"></span>sIn a busine<span class=\"_ _0\"></span>ss combination, t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets acquir<span class=\"_ _8\"></span>ed and liabilities ass<span class=\"_ _0\"></span>umed ar<span class=\"_ _0\"></span>e valued at f<span class=\"_ _8\"></span>air value at the time of acqui<span class=\"_ _0\"></span>sition. The various a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities ar<span class=\"_ _8\"></span>e valued on the ba<span class=\"_ _0\"></span>sis of diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ent models, r<span class=\"_ _8\"></span>equiring estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and as<span class=\"_ _0\"></span>sumptions t<span class=\"_ _8\"></span>o be made. Goodwill is the r<span class=\"_ _8\"></span>esidual value in thi<span class=\"_ _0\"></span>s allocation. Err<span class=\"_ _8\"></span>ors in e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>es and ass<span class=\"_ _0\"></span>umptions can lead t<span class=\"_ _8\"></span>o an error in t<span class=\"_ _0\"></span>he split of the value between t<span class=\"_ _0\"></span>he various a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities incl. goodwill, but t<span class=\"_ _0\"></span>he sum of the t<span class=\"_ _8\"></span>otal e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss value<span class=\"_ _0\"></span>s will alway<span class=\"_ _0\"></span>s be consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h the pur<span class=\"_ _8\"></span>chase pric<span class=\"_ _0\"></span>e paid.The us<span class=\"_ _0\"></span>eful liv<span class=\"_ _0\"></span>es of the in<span class=\"_ _0\"></span>tangible a<span class=\"_ _0\"></span>ssets acquir<span class=\"_ _8\"></span>ed in a busines<span class=\"_ _0\"></span>s combination ar<span class=\"_ _8\"></span>e asse<span class=\"_ _0\"></span>ssed a<span class=\"_ _0\"></span>s either finit<span class=\"_ _8\"></span>e or indefinite and ma<span class=\"_ _0\"></span>y in some ca<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s involve con<span class=\"_ _0\"></span>siderable judg<span class=\"_ _0\"></span>ements. Int<span class=\"_ _0\"></span>angible ass<span class=\"_ _0\"></span>ets acquir<span class=\"_ _8\"></span>ed with finite u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul lives ar<span class=\"_ _8\"></span>e amor<span class=\"_ _a\"></span>tised o<span class=\"_ _0\"></span>ver the u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul economic lif<span class=\"_ _0\"></span>e and ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _8\"></span>e is an indication th<span class=\"_ _0\"></span>at the int<span class=\"_ _0\"></span>angible ass<span class=\"_ _0\"></span>et ma<span class=\"_ _0\"></span>y be impair<span class=\"_ _0\"></span>ed. The amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation period and the amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation method f<span class=\"_ _8\"></span>or an intangible as<span class=\"_ _0\"></span>set with a finit<span class=\"_ _8\"></span>e usef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eviewed at lea<span class=\"_ _0\"></span>st at the end of each r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period. Chan<span class=\"_ _0\"></span>ges in <span class=\"_ _0\"></span>the e<span class=\"_ _0\"></span>xpected u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e or the e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed patt<span class=\"_ _0\"></span>ern of consumption <span class=\"_ _0\"></span>of fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e economic benefits embodied in t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o modify the amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation period or method, as appr<span class=\"_ _8\"></span>opriate, and ar<span class=\"_ _8\"></span>e tr<span class=\"_ _8\"></span>eated as ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in accountin<span class=\"_ _0\"></span>g estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.Accor<span class=\"_ _8\"></span>ding t<span class=\"_ _0\"></span>o IFRS 3, g<span class=\"_ _0\"></span>oodwill is t<span class=\"_ _0\"></span>o be allocat<span class=\"_ _0\"></span>ed at the acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>o each of the acquir<span class=\"_ _0\"></span>er's CGUs, or gr<span class=\"_ _8\"></span>oups of CGUs, which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _8\"></span>ed to benefit f<span class=\"_ _8\"></span>rom the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s combination. This can include e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>ting CGUs of the acquir<span class=\"_ _8\"></span>er irr<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e of whether ot<span class=\"_ _0\"></span>her ass<span class=\"_ _0\"></span>ets or liabilities of the acquir<span class=\"_ _8\"></span>ee are a<span class=\"_ _0\"></span>ssigned t<span class=\"_ _8\"></span>o those unit<span class=\"_ _0\"></span>s. The identification of CGUs m<span class=\"_ _0\"></span>ay r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e significant judgement b<span class=\"_ _0\"></span>y man<span class=\"_ _0\"></span>agement.Elopak h<span class=\"_ _0\"></span>as acquir<span class=\"_ _0\"></span>ed 50% of the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in GLS Elopak and c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>es the compan<span class=\"_ _8\"></span>y as a sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y in Elopak\u2019<span class=\"_ _1\"></span>s c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. The shar<span class=\"_ _8\"></span>eholder agr<span class=\"_ _0\"></span>eement pr<span class=\"_ _8\"></span>ovides Elopak with e<span class=\"_ _8\"></span>xposur<span class=\"_ _8\"></span>e to vari<span class=\"_ _0\"></span>able ret<span class=\"_ _8\"></span>urns and power t<span class=\"_ _0\"></span>o aff<span class=\"_ _0\"></span>ect the r<span class=\"_ _8\"></span>eturns f<span class=\"_ _8\"></span>rom GL<span class=\"_ _0\"></span>S Elopak, which means t<span class=\"_ _0\"></span>hat Elopak h<span class=\"_ _0\"></span>as cont<span class=\"_ _0\"></span>rol of GL<span class=\"_ _0\"></span>S Elopak in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 10.War in Uk<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aineIn Mar<span class=\"_ _8\"></span>ch 2022, Elopak sus<span class=\"_ _0\"></span>pended all activities in R<span class=\"_ _8\"></span>ussia and r<span class=\"_ _8\"></span>estar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ations in Ukr<span class=\"_ _8\"></span>aine after a t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y close-do<span class=\"_ _0\"></span>wn. Due to t<span class=\"_ _0\"></span>he ongoin<span class=\"_ _0\"></span>g nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of the crisi<span class=\"_ _0\"></span>s, ther<span class=\"_ _8\"></span>e is estim<span class=\"_ _0\"></span>ation uncer<span class=\"_ _a\"></span>tainty inv<span class=\"_ _0\"></span>olved in the a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of impair<span class=\"_ _0\"></span>ment in Ukr<span class=\"_ _8\"></span>aine and fair v<span class=\"_ _0\"></span>alue of the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>O Elopak R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>a. Impairment in Uk<span class=\"_ _0\"></span>raine i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted in no<span class=\"_ _0\"></span>te 13 and di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>a<span class=\"ws0\">-</span>tions in R<span class=\"_ _8\"></span>ussia is pr<span class=\"_ _8\"></span>esen<span class=\"_ _0\"></span>ted in .Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>etsMan<span class=\"_ _0\"></span>agement h<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>xer<span class=\"_ _8\"></span>cised judg<span class=\"_ _0\"></span>ment in ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the r<span class=\"_ _8\"></span>ecognition of tax los<span class=\"_ _0\"></span>s carr<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span>forwar<span class=\"_ _8\"></span>d for Elopak\u2019<span class=\"_ _f\"></span>s various entitie<span class=\"_ _0\"></span>s and the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulting def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>set. The judgmen<span class=\"_ _0\"></span>t is bas<span class=\"_ _0\"></span>ed upon the entitie<span class=\"_ _0\"></span>s\u2019 ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed ability to gener<span class=\"_ _8\"></span>ate f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flows th<span class=\"_ _0\"></span>at will enable t<span class=\"_ _0\"></span>he entities t<span class=\"_ _0\"></span>o do so<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sments imply a degr<span class=\"_ _8\"></span>ee of uncer<span class=\"_ _a\"></span>tainty r<span class=\"_ _0\"></span>elatin<span class=\"_ _0\"></span>g to s<span class=\"_ _0\"></span>uch fut<span class=\"_ _8\"></span>ure ev<span class=\"_ _0\"></span>ents. T<span class=\"_ _1\"></span>ax e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s and def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e pre<span class=\"_ _0\"></span>sent<span class=\"_ _8\"></span>ed in Note 18.T<span class=\"_ _1\"></span>ax disput<span class=\"_ _8\"></span>esIn tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es, Elopak ac<span class=\"_ _0\"></span>counts f<span class=\"_ _8\"></span>or tax cost<span class=\"_ _0\"></span>s accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o decisions m<span class=\"_ _0\"></span>ade by local<span class=\"_ _0\"></span> tax authoritie<span class=\"_ _0\"></span>s or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er pricing adjus<span class=\"_ _0\"></span>tments h<span class=\"_ _8\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual ag<span class=\"_ _0\"></span>reemen<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es (MAP) between the aff<span class=\"_ _8\"></span>ected coun<span class=\"_ _0\"></span>tries ar<span class=\"_ _8\"></span>e normally av<span class=\"_ _0\"></span>ailable. A suc<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ful MAP pr<span class=\"_ _8\"></span>ocedure, a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a gr<span class=\"_ _8\"></span>oup company<span class=\"_ _8\"></span>, thus r<span class=\"_ _8\"></span>emoving t<span class=\"_ _0\"></span>he tax cos<span class=\"_ _0\"></span>t for Elop<span class=\"_ _0\"></span>ak. Wher<span class=\"_ _0\"></span>e a MAP proc<span class=\"_ _0\"></span>ess i<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>able, Elopak r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _8\"></span>es tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the outc<span class=\"_ _0\"></span>ome of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do no<span class=\"_ _0\"></span>t agr<span class=\"_ _0\"></span>ee, taxpay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e the right t<span class=\"_ _0\"></span>o demand ar<span class=\"_ _0\"></span>bitr<span class=\"_ _0\"></span>ation. Details r<span class=\"_ _8\"></span>egar<span class=\"_ _0\"></span>ding ong<span class=\"_ _0\"></span>oing tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e described in Not<span class=\"_ _0\"></span>e 18.Not<span class=\"_ _0\"></span>e 5 \u2014 R<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Elopak Gr<span class=\"_ _0\"></span>oup is a glob<span class=\"_ _0\"></span>al supplier of paper-ba<span class=\"_ _0\"></span>sed packa<span class=\"_ _0\"></span>ging sys<span class=\"_ _0\"></span>tem s<span class=\"_ _0\"></span>olutions f<span class=\"_ _8\"></span>or liquid pr<span class=\"_ _0\"></span>oducts. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h cust<span class=\"_ _8\"></span>omers is deriv<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om sale of filling equipmen<span class=\"_ _0\"></span>t, \u00aePur<span class=\"_ _8\"></span>e-Pak carton and R<span class=\"_ _0\"></span>oll F<span class=\"_ _0\"></span>ed packa<span class=\"_ _0\"></span>ging mat<span class=\"_ _8\"></span>erial (hereb<span class=\"_ _0\"></span>y denominat<span class=\"_ _8\"></span>ed as car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons), clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed services. R<span class=\"_ _8\"></span>evenue is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed when contr<span class=\"_ _8\"></span>ol of the good<span class=\"_ _0\"></span>s or services ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"ws0\">-</span>f<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer and i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted net of r<span class=\"_ _8\"></span>eturn<span class=\"_ _0\"></span>s, tr<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _8\"></span>ebate<span class=\"_ _0\"></span>s and other c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer incentiv<span class=\"_ _0\"></span>es. The Gr<span class=\"_ _0\"></span>oup als<span class=\"_ _0\"></span>o pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s lease inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _8\"></span>om lease of fillin<span class=\"_ _0\"></span>g equipment.Gener<span class=\"_ _0\"></span>ally<span class=\"_ _0\"></span>, the Gr<span class=\"_ _8\"></span>oup reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>evenue on a poin<span class=\"_ _0\"></span>t in time basi<span class=\"_ _0\"></span>s when the cus<span class=\"_ _0\"></span>tomer t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>es title t<span class=\"_ _0\"></span>o the g<span class=\"_ _0\"></span>oods and r<span class=\"_ _0\"></span>ewar<span class=\"_ _8\"></span>ds f<span class=\"_ _0\"></span>or the goods. F<span class=\"_ _8\"></span>or goods wit<span class=\"_ _0\"></span>hout altern<span class=\"_ _8\"></span>ative use wher<span class=\"_ _8\"></span>e the Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s a legally enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _8\"></span>o payment f<span class=\"_ _8\"></span>or the goods, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>evenue ov<span class=\"_ _0\"></span>er time, which gener<span class=\"_ _0\"></span>ally is, as t<span class=\"_ _0\"></span>he goods ar<span class=\"_ _8\"></span>e produced.Sale of cartons and c<span class=\"_ _0\"></span>losur<span class=\"_ _8\"></span>esCar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e print<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on cust<span class=\"_ _8\"></span>omer specifications and ar<span class=\"_ _8\"></span>e ther<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e without alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use. Canc<span class=\"_ _0\"></span>ellation pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>sions in the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer contr<span class=\"_ _8\"></span>acts, combined with backgr<span class=\"_ _8\"></span>ound law in t<span class=\"_ _0\"></span>he legal juris<span class=\"_ _0\"></span>dictions give t<span class=\"_ _0\"></span>he C ompan<span class=\"_ _0\"></span>y an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or work per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormed t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e as des<span class=\"_ _0\"></span>cribed in IFR<span class=\"_ _0\"></span>S 15. Most of t<span class=\"_ _0\"></span>he cust<span class=\"_ _8\"></span>omer contr<span class=\"_ _0\"></span>acts include cancell<span class=\"_ _0\"></span>ation claus<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at gives t<span class=\"_ _0\"></span>he Compan<span class=\"_ _0\"></span>y sufficient pr<span class=\"_ _8\"></span>otection t<span class=\"_ _8\"></span>o conclude that ther<span class=\"_ _8\"></span>e is an enf<span class=\"_ _8\"></span>orce<span class=\"_ _0\"></span>able right t<span class=\"_ _0\"></span>o payment.Clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omised and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore wit<span class=\"_ _0\"></span>h alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use and r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed at point in time.Sale of filling equipmen<span class=\"_ _0\"></span>tR<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>ale of filling equipment i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at the point in time when c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol of the ass<span class=\"_ _0\"></span>et is tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cust<span class=\"_ _8\"></span>omer<span class=\"_ _8\"></span>, generally when t<span class=\"_ _0\"></span>he machine i<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed and accept<span class=\"_ _0\"></span>ed by the c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Filling equipment could r<span class=\"_ _8\"></span>esult in no alt<span class=\"_ _8\"></span>ernative u<span class=\"_ _0\"></span>se if it would incur sig<span class=\"_ _0\"></span>nificant cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>work the de<span class=\"_ _0\"></span>sign and f<span class=\"_ _0\"></span>unction of the machine t<span class=\"_ _8\"></span>o adapt it t<span class=\"_ _0\"></span>o another cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, in most c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s filling equipment i<span class=\"_ _0\"></span>s stand<span class=\"_ _0\"></span>ard equipmen<span class=\"_ _0\"></span>t and consider<span class=\"_ _8\"></span>ed to ha<span class=\"_ _0\"></span>ve alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, hence t<span class=\"_ _0\"></span>hey ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at point in time.Sale of serviceThe Gr<span class=\"_ _0\"></span>oup off<span class=\"_ _0\"></span>ers r<span class=\"_ _8\"></span>esear<span class=\"_ _8\"></span>ch and development support, af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er sales s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s and technic<span class=\"_ _0\"></span>al tr<span class=\"_ _0\"></span>aining and m<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>enance s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t, service and tr<span class=\"_ _0\"></span>aining is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ov<span class=\"_ _0\"></span>er time, as the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer simultaneously r<span class=\"_ _8\"></span>eceives and c<span class=\"_ _0\"></span>onsumes t<span class=\"_ _0\"></span>he benefit pr<span class=\"_ _0\"></span>ovided t<span class=\"_ _0\"></span>o them. The Gr<span class=\"_ _8\"></span>oup uses an input met<span class=\"_ _0\"></span>hod in measurin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ogr<span class=\"_ _8\"></span>ess of the s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s becaus<span class=\"_ _0\"></span>e ther<span class=\"_ _0\"></span>e is a dir<span class=\"_ _8\"></span>ect rel<span class=\"_ _0\"></span>ationship between t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s effort/labour hours occ<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed and the tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er of service to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _0\"></span>ebat<span class=\"_ _0\"></span>es and ot<span class=\"_ _0\"></span>her incentive<span class=\"_ _0\"></span>sIf the con<span class=\"_ _0\"></span>sideration in a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act includes a v<span class=\"_ _0\"></span>ariable amount, the Gr<span class=\"_ _8\"></span>oup estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s the amount of consider<span class=\"_ _8\"></span>ation to which it will be entit<span class=\"_ _0\"></span>led in ex<span class=\"_ _8\"></span>chang<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erring the g<span class=\"_ _0\"></span>oods t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. The variable consider<span class=\"_ _0\"></span>ation is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed at contr<span class=\"_ _0\"></span>act inception and const<span class=\"_ _0\"></span>rained un<span class=\"_ _0\"></span>til it is highly pr<span class=\"_ _8\"></span>obable that a sig<span class=\"_ _0\"></span>nificant r<span class=\"_ _8\"></span>evenue r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal in t<span class=\"_ _0\"></span>he amount of cumulativ<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evenue r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed will not occ<span class=\"_ _0\"></span>ur when the ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed uncer<span class=\"_ _a\"></span>tainty with t<span class=\"_ _0\"></span>he variable consider<span class=\"_ _8\"></span>ation is s<span class=\"_ _0\"></span>ubsequen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>olved. Car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e often sold wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>etr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>e volume di<span class=\"_ _0\"></span>scounts b<span class=\"_ _0\"></span>ased on aggr<span class=\"_ _8\"></span>egate s<span class=\"_ _0\"></span>ales ov<span class=\"_ _0\"></span>er sev<span class=\"_ _0\"></span>eral mon<span class=\"_ _0\"></span>ths. R<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om thes<span class=\"_ _0\"></span>e sales i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed bas<span class=\"_ _0\"></span>ed on the price s<span class=\"_ _0\"></span>pecified in the cont<span class=\"_ _0\"></span>ract, net of t<span class=\"_ _0\"></span>he estim<span class=\"_ _8\"></span>ated volume di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>s. A r<span class=\"_ _0\"></span>efund li<span class=\"_ _0\"></span>ability is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or the e<span class=\"_ _0\"></span>xpected v<span class=\"_ _0\"></span>olume dis<span class=\"_ _0\"></span>counts pa<span class=\"_ _0\"></span>yable t<span class=\"_ _8\"></span>o cust<span class=\"_ _0\"></span>omers in r<span class=\"_ _8\"></span>elation t<span class=\"_ _0\"></span>o sales made un<span class=\"_ _0\"></span>til the end of the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.No significan<span class=\"_ _0\"></span>t element of financin<span class=\"_ _0\"></span>g is deemed pr<span class=\"_ _8\"></span>esent, and t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup had no right of r<span class=\"_ _8\"></span>eturn in the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.Contr<span class=\"_ _8\"></span>act liabilitiesP<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or filling equipment ar<span class=\"_ _8\"></span>e generally m<span class=\"_ _0\"></span>ade in inst<span class=\"_ _0\"></span>alments and a cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>ability is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed when a pay<span class=\"_ _0\"></span>ment is r<span class=\"_ _8\"></span>eceived or due f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a cus<span class=\"_ _0\"></span>tomer bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>ers the fillin<span class=\"_ _0\"></span>g equipment. Contr<span class=\"_ _8\"></span>act liabilities ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as r<span class=\"_ _0\"></span>evenue when con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of the fillin<span class=\"_ _0\"></span>g equipment i<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>.Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>sContr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>epaid suppor<span class=\"_ _a\"></span>t (r<span class=\"_ _8\"></span>ebate) t<span class=\"_ _0\"></span>o cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against contr<span class=\"_ _8\"></span>acted f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es of carton and f<span class=\"_ _8\"></span>eatur<span class=\"_ _0\"></span>es. The pr<span class=\"_ _8\"></span>epaid suppor<span class=\"_ _a\"></span>t is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the diff<span class=\"_ _8\"></span>erent perf<span class=\"_ _0\"></span>ormance obligation<span class=\"_ _0\"></span>s, hereunder fillin<span class=\"_ _0\"></span>g equipment and cartons/<span class=\"_ _1\"></span>clos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es. Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s include over time r<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>or cartons bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t becomes unconditional. See No<span class=\"_ _0\"></span>te 25 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s.R<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Oblig<span class=\"_ _0\"></span>ationsDeliver<span class=\"_ _a\"></span>y obligations f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed within one year or le<span class=\"_ _0\"></span>ss, s<span class=\"_ _0\"></span>o we ha<span class=\"_ _0\"></span>ve ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e elect<span class=\"_ _0\"></span>ed to u<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ception IFR<span class=\"_ _0\"></span>S 15.121.The Gr<span class=\"_ _0\"></span>oup's r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>venue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _8\"></span>acts with cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers (99%) and r<span class=\"_ _8\"></span>ental income f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om leas<span class=\"_ _0\"></span>e of filling equipment (1%). R<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e primarily derived f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he sale of cartons and clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es, sale<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ental income r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to fillin<span class=\"_ _0\"></span>g equipment and service.R<span class=\"_ _0\"></span>evenues s<span class=\"_ _0\"></span>pecified by geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>eaY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _146\"> </span><span class=\"ff2\">2022<span class=\"_ _84\"> </span>2021</span>USA<span class=\"_ _147\"> </span><span class=\"ls0 ws0\">19<span class=\"_ _8\"></span>3,839 <span class=\"_ _2b\"> </span>141,246</span>German<span class=\"_ _0\"></span>y<span class=\"_ _148\"> </span>16<span class=\"_ _0\"></span>1,629<span class=\"_ _2b\"> </span>146,790Canada<span class=\"_ _149\"> </span>68,778<span class=\"_ _c8\"> </span>51,417Netherland<span class=\"_ _0\"></span>s<span class=\"_ _7d\"> </span>56,215<span class=\"_ _52\"> </span>51,530Norway<span class=\"_ _14a\"> </span>25,645<span class=\"_ _c1\"> </span>24,7<span class=\"_ _1\"></span>69Other<span class=\"_ _14b\"> </span>517,589<span class=\"_ _22\"> </span>43<span class=\"_ _0\"></span>9,514T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _14c\"> </span>1,023,6<span class=\"_ _0\"></span>96<span class=\"_ _3d\"> </span>855,265The re<span class=\"_ _0\"></span>venues ar<span class=\"_ _0\"></span>e specified by location (coun<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>y) of the cu<span class=\"_ _0\"></span>stomer<span class=\"_ _8\"></span>.R<span class=\"_ _0\"></span>evenues b<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>oduct and operati<span class=\"_ _0\"></span>ng seg<span class=\"_ _0\"></span>ment(EUR 1,000)Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022<span class=\"_ _92\"> </span>EMEA<span class=\"_ _40\"> </span>Americaselimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>Cartons and closur<span class=\"_ _0\"></span>es<span class=\"_ _14d\"> </span>671,025 <span class=\"_ _60\"> </span>256,522 <span class=\"_ _10b\"> </span> -3,797 <span class=\"_ _c1\"> </span>923,750 E<span class=\"_ _0\"></span>quipment<span class=\"_ _14e\"> </span> 36,307 <span class=\"_ _14f\"> </span> 2,183 <span class=\"_ _144\"> </span> -9,907 <span class=\"_ _5c\"> </span> 28,583 Service<span class=\"_ _150\"> </span> 46,036 <span class=\"_ _9f\"> </span> - <span class=\"_ _55\"> </span> -66<span class=\"_ _8\"></span>9 <span class=\"_ _5c\"> </span> 45,367 Other<span class=\"_ _a5\"> </span> 32,608 <span class=\"_ _64\"> </span> 1,830 <span class=\"_ _144\"> </span> -8,442 <span class=\"_ _5c\"> </span> 25,996 T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _151\"> </span><span class=\"ls0\">785,9<span class=\"_ _0\"></span>7<span class=\"_ _8\"></span>6 <span class=\"_ _4b\"> </span>260,535 <span class=\"_ _60\"> </span>-22,815<span class=\"_ _2f\"> </span>1,023,6<span class=\"_ _0\"></span>96</span>Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2021<span class=\"_ _152\"> </span>EMEA<span class=\"_ _2f\"> </span>America<span class=\"_ _0\"></span>selimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>Cartons and closur<span class=\"_ _0\"></span>es<span class=\"_ _21\"> </span>57<span class=\"_ _0\"></span>0,565 <span class=\"_ _c8\"> </span>185,246 <span class=\"_ _144\"> </span> -3,307 <span class=\"_ _153\"> </span>752,503 E<span class=\"_ _0\"></span>quipment<span class=\"_ _154\"> </span> 38,477 <span class=\"_ _ca\"> </span> 5,015 <span class=\"_ _d4\"> </span> -4 <span class=\"_ _c8\"> </span> 43,488 Service<span class=\"_ _a8\"> </span> 42,823 <span class=\"_ _9f\"> </span> - <span class=\"_ _155\"> </span> -495 <span class=\"_ _144\"> </span> 42,329 Other<span class=\"_ _156\"> </span> 22,996 <span class=\"_ _c4\"> </span> 1,904 <span class=\"_ _12c\"> </span> -7,954 <span class=\"_ _7f\"> </span> 16,9<span class=\"_ _8\"></span>45 T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _157\"> </span>67<span class=\"_ _1\"></span>4,862 <span class=\"_ _4c\"> </span>192,166 <span class=\"_ _c8\"> </span>-11,7<span class=\"_ _8\"></span>60<span class=\"_ _4c\"> </span>855,265Not<span class=\"_ _0\"></span>e 6 \u2013 Oper<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>sInf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ation reported t<span class=\"_ _8\"></span>o the Group's chief oper<span class=\"_ _8\"></span>ating decision m<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ers, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup Leader<span class=\"_ _0\"></span>ship T<span class=\"_ _f\"></span>eam, for t<span class=\"_ _0\"></span>he purpose of r<span class=\"_ _8\"></span>esour<span class=\"_ _8\"></span>ce allocation and ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of seg<span class=\"_ _0\"></span>ment per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormanc<span class=\"_ _0\"></span>e is f<span class=\"_ _0\"></span>ocus<span class=\"_ _0\"></span>ed on two k<span class=\"_ _0\"></span>ey geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphical r<span class=\"_ _0\"></span>egions \u2013 EMEA and Americ<span class=\"_ _0\"></span>as. GLS Elopak i<span class=\"_ _0\"></span>s included in EMEA. K<span class=\"_ _8\"></span>ey fig<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting t<span class=\"_ _0\"></span>he financial perfo<span class=\"_ _0\"></span>rmance of t<span class=\"_ _0\"></span>hese s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted in the f<span class=\"_ _8\"></span>ollowing not<span class=\"_ _0\"></span>e. R<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er to No<span class=\"_ _0\"></span>te 11 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of fix<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets specified by g<span class=\"_ _0\"></span>eogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>ea.Oper<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>egments(EUR 1,000)Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022<span class=\"_ _158\"> </span>EMEA<span class=\"_ _2f\"> </span>America<span class=\"_ _0\"></span>selimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>T<span class=\"_ _1\"></span>otal rev<span class=\"_ _0\"></span>enue and other operatin<span class=\"_ _0\"></span>g income<span class=\"_ _159\"> </span>786,133<span class=\"_ _48\"> </span>260,535<span class=\"_ _84\"> </span>-22,815<span class=\"_ _46\"> </span>1,023,853 1)Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es-6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3,984<span class=\"_ _153\"> </span>-213,558<span class=\"_ _64\"> </span>-6,410<span class=\"_ _c1\"> </span>-913,952Depreci<span class=\"_ _0\"></span>ation and amor<span class=\"_ _a\"></span>tization<span class=\"_ _15a\"> </span>-51,564<span class=\"_ _155\"> </span>-7,164<span class=\"_ _7b\"> </span>-2,800<span class=\"_ _84\"> </span>-6<span class=\"_ _0\"></span>1,528Impairment<span class=\"_ _15b\"> </span>-6,338<span class=\"_ _77\"> </span><span class=\"lsaf ws1bc\">-<span class=\"_ _a\"></span>261<span class=\"_ _b1\"> </span></span>-<span class=\"_ _c4\"> </span>-6,599Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _15c\"> </span><span class=\"ls0\">34,2<span class=\"_ _0\"></span>47<span class=\"_ _118\"> </span>39,551<span class=\"_ _60\"> </span>-32,02<span class=\"_ _8\"></span>4<span class=\"_ _ca\"> </span>41,77<span class=\"_ _1\"></span>4</span>2)EB<span class=\"_ _a\"></span>ITDA 92,149<span class=\"_ _64\"> </span>46,97<span class=\"_ _1\"></span>6<span class=\"_ _12c\"> </span>-29,22<span class=\"_ _0\"></span>4<span class=\"_ _7f\"> </span>109,901 2)Adjust<span class=\"_ _8\"></span>ed EBITD<span class=\"_ _0\"></span>A9<span class=\"_ _8\"></span>4,283<span class=\"_ _ca\"> </span>51,466<span class=\"_ _144\"> </span>-26,336<span class=\"_ _118\"> </span>119,413T<span class=\"_ _1\"></span>otal assets<span class=\"_ _15d\"> </span>9<span class=\"_ _8\"></span>45,626<span class=\"_ _50\"> </span>157,111<span class=\"_ _c1\"> </span>-146,258<span class=\"_ _c8\"> </span>956,479Pur<span class=\"_ _0\"></span>chase of non-c<span class=\"_ _0\"></span>urrent a<span class=\"_ _0\"></span>ssets during t<span class=\"_ _0\"></span>he year<span class=\"_ _15e\"> </span>45,006<span class=\"_ _62\"> </span>5,657<span class=\"_ _c4\"> </span>-6,9<span class=\"_ _8\"></span>49<span class=\"_ _14f\"> </span>43,714Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2021<span class=\"_ _92\"> </span>EMEA<span class=\"_ _2f\"> </span>Americaselimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>T<span class=\"_ _1\"></span>otal rev<span class=\"_ _0\"></span>enue and other operatin<span class=\"_ _0\"></span>g income<span class=\"_ _15f\"> </span>67<span class=\"_ _1\"></span>4,868<span class=\"_ _142\"> </span>192,166<span class=\"_ _12a\"> </span>-11,7<span class=\"_ _8\"></span>60<span class=\"_ _5c\"> </span>855,268 1)Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es-577,7<span class=\"_ _8\"></span>64<span class=\"_ _5a\"> </span>-160,598<span class=\"_ _12c\"> </span>-13,590<span class=\"_ _60\"> </span>-751,9<span class=\"_ _8\"></span>49Depreci<span class=\"_ _0\"></span>ation and amor<span class=\"_ _a\"></span>tization<span class=\"_ _12f\"> </span>-43,589<span class=\"_ _118\"> </span>-6,644<span class=\"_ _118\"> </span>-2,646<span class=\"_ _12c\"> </span>-52,879Impairment<span class=\"_ _160\"> </span>-1,218<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _73\"> </span>-1,218Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _157\"> </span><span class=\"ls0\">52,29<span class=\"_ _0\"></span>7<span class=\"_ _142\"> </span>24,92<span class=\"_ _8\"></span>4<span class=\"_ _c8\"> </span>-27,99<span class=\"_ _0\"></span>6<span class=\"_ _142\"> </span>49,22<span class=\"_ _8\"></span>4</span>2)EB<span class=\"_ _a\"></span>ITDA 97,103<span class=\"_ _ca\"> </span>31,568<span class=\"_ _7f\"> </span>-25,351<span class=\"_ _5c\"> </span>103,320 2)Adjust<span class=\"_ _8\"></span>ed EBITD<span class=\"_ _0\"></span>A97,407<span class=\"_ _ca\"> </span>35,3<span class=\"_ _0\"></span>91<span class=\"_ _12c\"> </span>-19,083<span class=\"_ _64\"> </span>113,715T<span class=\"_ _1\"></span>otal assets<span class=\"_ _161\"> </span>604,126<span class=\"_ _12c\"> </span>134,656<span class=\"_ _118\"> </span>44,497<span class=\"_ _12c\"> </span>7<span class=\"_ _0\"></span>83,279Pur<span class=\"_ _0\"></span>chase of non-c<span class=\"_ _0\"></span>urrent a<span class=\"_ _0\"></span>ssets during t<span class=\"_ _0\"></span>he year<span class=\"_ _162\"> </span>25,445<span class=\"_ _6d\"> </span>8,815<span class=\"_ _163\"> </span>3,121<span class=\"_ _155\"> </span>3<span class=\"_ _0\"></span>7,3811) Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es include cost of m<span class=\"_ _0\"></span>aterials, p<span class=\"_ _0\"></span>ayroll e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s, and other operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es. 2) See the APM dis<span class=\"_ _0\"></span>closur<span class=\"_ _0\"></span>e for the r<span class=\"_ _8\"></span>econciliation of EBITD<span class=\"_ _8\"></span>A and adjusted EBI<span class=\"_ _0\"></span>TD<span class=\"_ _0\"></span>A.Not<span class=\"_ _0\"></span>e 7 \u2013P<span class=\"_ _0\"></span>ayr<span class=\"_ _8\"></span>oll expen<span class=\"_ _0\"></span>ses, number<span class=\"_ _8\"></span>s of employee<span class=\"_ _0\"></span>s, benefits et<span class=\"_ _0\"></span>c.Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended (EUR 1,000)December 31, 2022December 31, 2021Salary<span class=\"_ _164\"> </span>140,957 <span class=\"_ _165\"> </span>132,489 Social security<span class=\"_ _166\"> </span> 22,173 <span class=\"_ _145\"> </span> 2<span class=\"_ _0\"></span>0,800 P<span class=\"_ _0\"></span>ension defined benefit plans (Not<span class=\"_ _0\"></span>e 26)<span class=\"_ _167\"> </span> 84 <span class=\"_ _168\"> </span> 36 P<span class=\"_ _0\"></span>ension defined contribution plans (No<span class=\"_ _0\"></span>te 26)<span class=\"_ _88\"> </span> 9,59<span class=\"_ _0\"></span>7 <span class=\"_ _169\"> </span> 9,851 Other benefits<span class=\"_ _16a\"> </span> 3,911 <span class=\"_ _16b\"> </span> 3,625 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _16c\"> </span><span class=\"ls0 ws0\">17<span class=\"_ _8\"></span>6,721 <span class=\"_ _16d\"> </span>166,801 </span>Man-year Elopak emplo<span class=\"_ _0\"></span>yees (e<span class=\"_ _0\"></span>xcl. equity inve<span class=\"_ _0\"></span>stees) <span class=\"_ _16e\"> </span> 2,100 <span class=\"_ _169\"> </span> 1,883 Ex<span class=\"_ _0\"></span>ecutive m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement compens<span class=\"_ _0\"></span>ation for t<span class=\"_ _0\"></span>he year ended December 3<span class=\"_ _0\"></span>1, 2022 i<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in the R<span class=\"_ _8\"></span>emuneration R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>t which is pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed on the Elopak web<span class=\"_ _0\"></span>site.Not<span class=\"_ _0\"></span>e 8 Shar<span class=\"_ _8\"></span>e-bas<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>tsIn Nov<span class=\"_ _0\"></span>ember 2022 the Gr<span class=\"_ _8\"></span>oup intr<span class=\"_ _0\"></span>oduced a new long-t<span class=\"_ _8\"></span>erm incentive pr<span class=\"_ _8\"></span>ogr<span class=\"_ _0\"></span>am f<span class=\"_ _0\"></span>or eligible employee<span class=\"_ _0\"></span>s. PSUs (P<span class=\"_ _8\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e units) of the par<span class=\"_ _8\"></span>ent ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o members of t<span class=\"_ _0\"></span>he Global L<span class=\"_ _0\"></span>eadership T<span class=\"_ _f\"></span>eam member<span class=\"_ _0\"></span>s (GL<span class=\"_ _1\"></span>T). One PSU <span class=\"_ _0\"></span>(instrumen<span class=\"_ _0\"></span>t) equals one sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e. The eligible employee<span class=\"_ _0\"></span>s will be gr<span class=\"_ _8\"></span>anted an annual a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d of shar<span class=\"_ _8\"></span>es f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the Compan<span class=\"_ _8\"></span>y if cer<span class=\"_ _a\"></span>tain per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance crit<span class=\"_ _0\"></span>eria ar<span class=\"_ _0\"></span>e met. This arr<span class=\"_ _8\"></span>angement r<span class=\"_ _8\"></span>eplaces f<span class=\"_ _8\"></span>ormer long t<span class=\"_ _0\"></span>erm-incentiv<span class=\"_ _0\"></span>e plans.The k<span class=\"_ _0\"></span>ey t<span class=\"_ _0\"></span>erms and conditions r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>ants ar<span class=\"_ _8\"></span>e as f<span class=\"_ _0\"></span>ollows:KPI Cat<span class=\"_ _0\"></span>egories<span class=\"_ _16f\"> </span>W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed<span class=\"_ _170\"> </span>MetricFinancial tar<span class=\"_ _0\"></span>gets<span class=\"_ _a8\"> </span>50 %<span class=\"_ _c1\"> </span>Ajdust<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _0\"></span>DA le<span class=\"_ _0\"></span>ss normalized c<span class=\"_ _0\"></span>apexP<span class=\"_ _0\"></span>eople &amp; Planet target<span class=\"_ _0\"></span>s<span class=\"_ _171\"> </span><span class=\"ls5a wsaa\">20 %<span class=\"_ _69\"> </span></span>Environment<span class=\"_ _0\"></span>al target (Co<span class=\"_ _0\"></span>2 emission)Shar<span class=\"_ _0\"></span>eholder value tar<span class=\"_ _0\"></span>gets<span class=\"_ _172\"> </span><span class=\"ls0\">30 %<span class=\"_ _94\"> </span>T<span class=\"_ _8\"></span>otal sh<span class=\"_ _0\"></span>areholder<span class=\"_ _0\"></span>s ret<span class=\"_ _0\"></span>urn (TSR) </span>The gr<span class=\"_ _8\"></span>anted P<span class=\"_ _0\"></span>SUs will be gr<span class=\"_ _0\"></span>adually ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed during a 3-y<span class=\"_ _0\"></span>ear period. Allocation of P<span class=\"_ _0\"></span>SUs will be bas<span class=\"_ _0\"></span>ed on % of bas<span class=\"_ _0\"></span>e pay (with m<span class=\"_ _0\"></span>aximum allocation of 80% f<span class=\"_ _8\"></span>or CEO and 50% f<span class=\"_ _0\"></span>or Global Leader<span class=\"_ _8\"></span>ship T<span class=\"_ _1\"></span>eam member<span class=\"_ _0\"></span>s).The e<span class=\"_ _0\"></span>xer<span class=\"_ _8\"></span>cise price of t<span class=\"_ _0\"></span>he PSUs i<span class=\"_ _0\"></span>s equal to t<span class=\"_ _0\"></span>he mark<span class=\"_ _8\"></span>et price of the underlyin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es on the dat<span class=\"_ _8\"></span>e of gran<span class=\"_ _0\"></span>t. The f<span class=\"_ _0\"></span>air value of the P<span class=\"_ _0\"></span>SUs is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed at the gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _8\"></span>e thr<span class=\"_ _0\"></span>ough Mont<span class=\"_ _0\"></span>e Carlo simulation. How<span class=\"_ _0\"></span>ever<span class=\"_ _8\"></span>, the abo<span class=\"_ _0\"></span>ve per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormance condition i<span class=\"_ _0\"></span>s only consider<span class=\"_ _0\"></span>ed in deter<span class=\"_ _0\"></span>mining the number of P<span class=\"_ _0\"></span>SUs that will ultim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely ves<span class=\"_ _0\"></span>t.The PSUs c<span class=\"_ _0\"></span>an be ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>sed up t<span class=\"_ _8\"></span>o two year<span class=\"_ _0\"></span>s af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>hree-y<span class=\"_ _0\"></span>ear ve<span class=\"_ _0\"></span>sting period and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"ws0\">-</span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e, the cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual term of each op<span class=\"_ _0\"></span>tion gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is five <span class=\"_ _0\"></span>year<span class=\"_ _0\"></span>s. There ar<span class=\"_ _8\"></span>e no cash s<span class=\"_ _0\"></span>ettlement alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>es. The Gr<span class=\"_ _0\"></span>oup does not h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e a past pr<span class=\"_ _8\"></span>actice of cash s<span class=\"_ _0\"></span>ettlement f<span class=\"_ _8\"></span>or thes<span class=\"_ _0\"></span>e PSUs. The Gr<span class=\"_ _0\"></span>oup accounts f<span class=\"_ _8\"></span>or the PSUs a<span class=\"_ _0\"></span>s an equity-settled plan.Not<span class=\"_ _0\"></span>e 8 Shar<span class=\"_ _8\"></span>e-bas<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>ts <span class=\"fc4\">continued</span>R<span class=\"_ _0\"></span>econciliation of outs<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>orma<span class=\"_ _0\"></span>nce shar<span class=\"_ _8\"></span>e unitsY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022Number of instr<span class=\"_ _0\"></span>uments in thous<span class=\"_ _0\"></span>ands (PSU)<span class=\"_ _173\"> </span>Number of options<span class=\"_ _ef\"> </span>W<span class=\"_ _8\"></span>eighted av<span class=\"_ _0\"></span>erage e<span class=\"_ _8\"></span>xercis<span class=\"_ _0\"></span>e priceOutstandin<span class=\"_ _0\"></span>g at Januar<span class=\"_ _a\"></span>y 1 <span class=\"_ _174\"> </span>-<span class=\"_ _175\"> </span>-Gran<span class=\"_ _0\"></span>ted during t<span class=\"_ _0\"></span>he year<span class=\"_ _176\"> </span><span class=\"lsb5 ws1f8\">74<span class=\"_ _16\"></span>4<span class=\"_ _10d\"> </span></span>-P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance adjust<span class=\"_ _0\"></span>ed<span class=\"_ _177\"> </span>-45<span class=\"_ _175\"> </span>-F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>eited during t<span class=\"_ _0\"></span>he year<span class=\"_ _178\"> </span>-<span class=\"_ _175\"> </span>-Exer<span class=\"_ _8\"></span>cised during the y<span class=\"_ _0\"></span>ear 1)<span class=\"_ _179\"> </span>-<span class=\"_ _175\"> </span>-Expired durin<span class=\"_ _0\"></span>g the year<span class=\"_ _116\"> </span>-<span class=\"_ _175\"> </span>-Outstandi<span class=\"_ _0\"></span>ng at December 31<span class=\"_ _113\"> </span><span class=\"ls1 ws1\">699<span class=\"_ _17a\"> </span></span>-Exer<span class=\"_ _0\"></span>cisable at December 3<span class=\"_ _0\"></span>1 (vest<span class=\"_ _0\"></span>ed)<span class=\"_ _17b\"> </span>-<span class=\"_ _17c\"> </span>-1) No shar<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave been e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cised in 2<span class=\"_ _0\"></span>022. The weight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age r<span class=\"_ _0\"></span>emaining con<span class=\"_ _0\"></span>tract<span class=\"_ _0\"></span>ual life f<span class=\"_ _8\"></span>or the shar<span class=\"_ _0\"></span>e options outstandin<span class=\"_ _0\"></span>g as at 31 December 2022 w<span class=\"_ _0\"></span>as 2.52 year<span class=\"_ _0\"></span>s. The weight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age f<span class=\"_ _0\"></span>air value of PSU g<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>ed during 2022 wa<span class=\"_ _0\"></span>s \u20ac 2,32 The f<span class=\"_ _0\"></span>ollowing tables li<span class=\"_ _0\"></span>st the inputs t<span class=\"_ _0\"></span>o the models us<span class=\"_ _0\"></span>ed for t<span class=\"_ _0\"></span>he years ended 3<span class=\"_ _0\"></span>1 December 2022:Assump<span class=\"_ _0\"></span>tions and inputs in model <span class=\"_ _17f\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022FV per instrument*<span class=\"_ _17d\"> </span> 2.32Dividend yield*<span class=\"_ _180\"> </span> 0.00Expected v<span class=\"_ _0\"></span>olatility*<span class=\"_ _181\"> </span>7.95 %Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e (IRR)*<span class=\"_ _182\"> </span>0.928%Risk<span class=\"_ _0\"></span>-fr<span class=\"_ _8\"></span>ee inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate*<span class=\"_ _183\"> </span>3.09%Contr<span class=\"_ _0\"></span>actual lif<span class=\"_ _0\"></span>e*<span class=\"_ _184\"> </span> 2.63Expected lif<span class=\"_ _8\"></span>etime*<span class=\"_ _185\"> </span> 0.03W<span class=\"_ _0\"></span>eighted a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age shar<span class=\"_ _0\"></span>e price (\u20ac)<span class=\"_ _186\"> </span>2.32Model used<span class=\"_ _17d\"> </span>Mont<span class=\"_ _0\"></span>e Carlo *W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age paramet<span class=\"_ _8\"></span>ers at grant of in<span class=\"_ _0\"></span>strumentExpected v<span class=\"_ _0\"></span>olatility has been ba<span class=\"_ _0\"></span>sed on an evaluation of the hi<span class=\"_ _0\"></span>storic<span class=\"_ _0\"></span>al volatility of the P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ents shar<span class=\"_ _0\"></span>e price, particularly ov<span class=\"_ _0\"></span>er the hist<span class=\"_ _0\"></span>orical period commens<span class=\"_ _0\"></span>urat<span class=\"_ _0\"></span>e with the e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>erm. The expect<span class=\"_ _0\"></span>ed term of t<span class=\"_ _0\"></span>he instrument<span class=\"_ _0\"></span>s has been ba<span class=\"_ _0\"></span>sed on hist<span class=\"_ _0\"></span>orical experience and g<span class=\"_ _0\"></span>eneral option holder beh<span class=\"_ _0\"></span>avior<span class=\"_ _8\"></span>.Components of sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed paymen<span class=\"_ _0\"></span>ts employee benefit e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s<span class=\"_ _91\"> </span>Y<span class=\"_ _8\"></span>ear to d<span class=\"_ _0\"></span>ate ended December 31, 2<span class=\"_ _0\"></span>022Shar<span class=\"_ _0\"></span>e based pa<span class=\"_ _0\"></span>yment<span class=\"_ _17d\"> </span>89Social security cont<span class=\"_ _0\"></span>ribution<span class=\"_ _17e\"> </span>9T<span class=\"_ _1\"></span>otal expens<span class=\"_ _0\"></span>es rel<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>o shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yments<span class=\"_ _f3\"> </span>98Not<span class=\"_ _0\"></span>e 9 - Developmen<span class=\"_ _0\"></span>t cost and o<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyExpenditur<span class=\"_ _8\"></span>e on re<span class=\"_ _0\"></span>sear<span class=\"_ _8\"></span>ch activities is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpense in t<span class=\"_ _0\"></span>he period in which it is incurr<span class=\"_ _8\"></span>ed. An int<span class=\"_ _0\"></span>ernally g<span class=\"_ _0\"></span>enerat<span class=\"_ _8\"></span>ed intangible as<span class=\"_ _0\"></span>set arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>rom dev<span class=\"_ _0\"></span>elopment is r<span class=\"_ _8\"></span>ecognized in t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of financial po<span class=\"_ _0\"></span>sition if the r<span class=\"_ _0\"></span>ecognition crit<span class=\"_ _8\"></span>eria in IAS 38 are met. After initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition the as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e carried at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s any acc<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>ed amor<span class=\"_ _a\"></span>tization and impairmen<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es. See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or impairment of non-financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s accounting policy<span class=\"_ _8\"></span>.Developmen<span class=\"_ _0\"></span>t cost and ot<span class=\"_ _0\"></span>her intan<span class=\"_ _0\"></span>gible ass<span class=\"_ _0\"></span>ets(EUR 1,000)Cust<span class=\"_ _0\"></span>omer relation<span class=\"_ _0\"></span>s and Development 2022other costs<span class=\"_ _13d\"> </span><span class=\"ls0 ws0\">IT<span class=\"_ _0\"></span>-software<span class=\"_ _73\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span></span>Cost at 1.1<span class=\"_ _187\"> </span>-<span class=\"_ _64\"> </span>44,183<span class=\"_ _14f\"> </span>7<span class=\"_ _8\"></span>6,579<span class=\"_ _7f\"> </span>120,7<span class=\"_ _1\"></span>62Busines<span class=\"_ _0\"></span>s combinations<span class=\"_ _188\"> </span>26,82<span class=\"_ _8\"></span>4<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _12a\"> </span>26,824Additions<span class=\"_ _b4\"> </span>-<span class=\"_ _108\"> </span>3,643<span class=\"_ _163\"> </span>3,211<span class=\"_ _108\"> </span>6,853Disposals<span class=\"_ _f0\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _ac\"> </span>-<span class=\"_ _7a\"> </span>-430<span class=\"_ _62\"> </span>-430</span>Recl<span class=\"_ _0\"></span>assification<span class=\"_ _189\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _18a\"> </span>-641<span class=\"_ _18b\"> </span>-12<span class=\"_ _e7\"> </span>142<span class=\"_ _4e\"> </span>-510Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _17f\"> </span>26,183<span class=\"_ _7b\"> </span>47,814<span class=\"_ _142\"> </span>79,502<span class=\"_ _153\"> </span>153,499Acc. amortization and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _18c\"> </span>-<span class=\"_ _55\"> </span>21,7<span class=\"_ _1\"></span>40<span class=\"_ _64\"> </span>42,160<span class=\"_ _7f\"> </span>63,900Curr<span class=\"_ _0\"></span>ent year amortization charg<span class=\"_ _0\"></span>e<span class=\"_ _18d\"> </span>6,035<span class=\"_ _108\"> </span>4,007<span class=\"_ _7a\"> </span>8,510<span class=\"_ _64\"> </span>18,552Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _18e\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _d8\"> </span><span class=\"ls2c ws49\">287<span class=\"_ _d4\"> </span>287</span>Amortization disposal<span class=\"_ _0\"></span>s<span class=\"_ _fc\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _df\"> </span>-362<span class=\"_ _6d\"> </span>-362Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _151\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Recl<span class=\"_ _0\"></span>assification<span class=\"_ _189\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation amor<span class=\"_ _a\"></span>tization<span class=\"_ _18f\"> </span>-337<span class=\"_ _ac\"> </span>-<span class=\"_ _d8\"> </span>130<span class=\"_ _6d\"> </span><span class=\"ls2c ws49\">-2<span class=\"_ _a\"></span>07</span>Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _190\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _9f\"> </span>-3<span class=\"_ _ef\"> </span>-3Accumulat<span class=\"_ _0\"></span>ed amortization at 31.12<span class=\"_ _191\"> </span>5,6<span class=\"_ _0\"></span>98<span class=\"_ _118\"> </span>25,7<span class=\"_ _8\"></span>48<span class=\"_ _7b\"> </span>50,155<span class=\"_ _7f\"> </span>81,600Net accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _192\"> </span>--<span class=\"_ _75\"> </span>568<span class=\"_ _da\"> </span>568Carrying amount 31.12<span class=\"_ _193\"> </span>20,485<span class=\"_ _84\"> </span>22,066<span class=\"_ _194\"> </span>28,780<span class=\"_ _c4\"> </span>71,331E<span class=\"_ _0\"></span>conomic life<span class=\"_ _195\"> </span>0-8 year<span class=\"_ _0\"></span>s<span class=\"_ _3f\"> </span>5-10 years<span class=\"_ _45\"> </span>3-7 yearsAmortization method<span class=\"_ _196\"> </span>Linear<span class=\"_ _64\"> </span>Linear<span class=\"_ _64\"> </span>LinearNot<span class=\"_ _0\"></span>e 9 \u2013 Developmen<span class=\"_ _0\"></span>t cost and ot<span class=\"_ _0\"></span>her int<span class=\"_ _0\"></span>angible as<span class=\"_ _0\"></span>sets <span class=\"fc3 ws24b\">con<span class=\"_ _0\"></span>tinued</span>Cust<span class=\"_ _0\"></span>omer relation<span class=\"_ _0\"></span>s and other <span class=\"_ _125\"> </span>Development cost<span class=\"_ _0\"></span>s<span class=\"_ _13d\"> </span>IT<span class=\"_ _0\"></span>-softwareTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _197\"></span><span class=\"ls0 ws0\">2021</span>Cost at 1.1<span class=\"_ _ce\"> </span>-<span class=\"_ _a2\"> </span>40,890<span class=\"_ _142\"> </span>83,088<span class=\"_ _84\"> </span>123,97<span class=\"_ _0\"></span>8Additions<span class=\"_ _198\"> </span>-<span class=\"_ _199\"> </span>3,29<span class=\"_ _8\"></span>3<span class=\"_ _19a\"> </span>3,258<span class=\"_ _6d\"> </span>6,551Disposals<span class=\"_ _189\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _19b\"> </span>-<span class=\"_ _12a\"> </span>-10,717<span class=\"_ _118\"> </span>-10,717</span>Recl<span class=\"_ _0\"></span>assification<span class=\"_ _19c\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _66\"> </span><span class=\"ls2c ws49\">807<span class=\"_ _d4\"> </span>807</span>Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _19d\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _d8\"> </span>144<span class=\"_ _e7\"> </span>144Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _19e\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ff2\">44,183<span class=\"_ _118\"> </span>7<span class=\"_ _8\"></span>6,579<span class=\"_ _47\"> </span>120,7<span class=\"_ _1\"></span>62</span>Acc. amortization and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _19f\"> </span>-<span class=\"_ _12d\"> </span>18,062<span class=\"_ _12a\"> </span>44,705<span class=\"_ _14f\"> </span>62,7<span class=\"_ _8\"></span>67Curr<span class=\"_ _0\"></span>ent year amortization charg<span class=\"_ _0\"></span>e<span class=\"_ _1a0\"> </span>-<span class=\"_ _199\"> </span>3,678<span class=\"_ _108\"> </span>8,095<span class=\"_ _69\"> </span>11,773Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _1a1\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-Amortization disposal<span class=\"_ _0\"></span>s<span class=\"_ _1a2\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _84\"> </span>-10,7<span class=\"_ _1\"></span>65<span class=\"_ _194\"> </span>-10,7<span class=\"_ _1\"></span>65Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _14d\"> </span>-<span class=\"_ _1a3\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-Recl<span class=\"_ _0\"></span>assification<span class=\"_ _19c\"> </span>-<span class=\"_ _1a3\"> </span>-<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation amor<span class=\"_ _a\"></span>tization<span class=\"_ _1a1\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _104\"> </span><span class=\"ls5b wsbb\">1<span class=\"_ _a\"></span>24<span class=\"_ _e8\"> </span>124</span>Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _1a4\"> </span><span class=\"ls0\">-<span class=\"_ _1a3\"> </span>-<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-</span>Accumulat<span class=\"_ _0\"></span>ed amortization at 31.12<span class=\"_ _1a5\"> </span>-<span class=\"_ _aa\"> </span>21,7<span class=\"_ _8\"></span>40<span class=\"_ _64\"> </span>41,87<span class=\"_ _1\"></span>6<span class=\"_ _12a\"> </span>63,616Net accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1a6\"> </span><span class=\"ls0\">-<span class=\"_ _169\"> </span>-<span class=\"_ _66\"> </span>284<span class=\"_ _75\"> </span>284</span>Carrying amount 31.12<span class=\"_ _e4\"> </span>-<span class=\"_ _a2\"> </span>22,443<span class=\"_ _194\"> </span>34,419<span class=\"_ _194\"> </span>56,862Cust<span class=\"_ _8\"></span>omer rel<span class=\"_ _0\"></span>ations and other include<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>air value of cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer and supply cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition of GL<span class=\"_ _0\"></span>S Elopak and Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>ackaging L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d in 2022. Cust<span class=\"_ _8\"></span>omer rel<span class=\"_ _0\"></span>ations ha<span class=\"_ _0\"></span>ve an e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed economic lif<span class=\"_ _0\"></span>e of 8 year<span class=\"_ _0\"></span>s while the ot<span class=\"_ _0\"></span>her contr<span class=\"_ _8\"></span>acts ar<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ully amor<span class=\"_ _a\"></span>tized in 2<span class=\"_ _0\"></span>022. See not<span class=\"_ _0\"></span>e 21 f<span class=\"_ _0\"></span>or further details.The additions under dev<span class=\"_ _0\"></span>elopment cos<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o the dev<span class=\"_ _0\"></span>elopment of new fillin<span class=\"_ _0\"></span>g and produc<span class=\"ls0 ws0\">-</span>tion machine t<span class=\"_ _8\"></span>echnolog<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span>.The majority of I<span class=\"_ _0\"></span>T<span class=\"_ _8\"></span>-softwar<span class=\"_ _0\"></span>e are<span class=\"_ _0\"></span> additions r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed to inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>ts in I<span class=\"_ _0\"></span>T sys<span class=\"_ _0\"></span>tem f<span class=\"_ _8\"></span>or man<span class=\"_ _0\"></span>agement of mat<span class=\"_ _8\"></span>erials flow and financ<span class=\"_ _0\"></span>es. The sys<span class=\"_ _0\"></span>tem r<span class=\"_ _8\"></span>oll out star<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ed in 2017 and continued t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oughout 2022.R<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>arch a<span class=\"_ _0\"></span>nd developmentThe cos<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>sear<span class=\"_ _8\"></span>ch and development not eligible f<span class=\"_ _8\"></span>or capitaliz<span class=\"_ _0\"></span>ation which hav<span class=\"_ _0\"></span>e been expen<span class=\"_ _0\"></span>sed in 2022 amoun<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o EUR 12,501 thous<span class=\"_ _0\"></span>and. Compar<span class=\"_ _8\"></span>able amount in 2021 wa<span class=\"_ _0\"></span>s EUR 15,7<span class=\"_ _0\"></span>08 thous<span class=\"_ _0\"></span>and.Not<span class=\"_ _0\"></span>e 10 \u2013 GoodwillAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyGoodwill arisin<span class=\"_ _0\"></span>g on the acqui<span class=\"_ _0\"></span>sition of a subsidiary or a jointly cont<span class=\"_ _0\"></span>rolled en<span class=\"_ _0\"></span>tity repr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>s the e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he cost of acqui<span class=\"_ _0\"></span>sition ov<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup's int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in t<span class=\"_ _0\"></span>he net f<span class=\"_ _0\"></span>air value of the iden<span class=\"_ _0\"></span>ti<span class=\"ws0\">-</span>fiable as<span class=\"_ _0\"></span>sets, liabilitie<span class=\"_ _0\"></span>s and contin<span class=\"_ _0\"></span>gent liabilitie<span class=\"_ _0\"></span>s of the sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y at the dat<span class=\"_ _8\"></span>e of acquisition. Goodwill is initially r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed as an as<span class=\"_ _0\"></span>set at cos<span class=\"_ _0\"></span>t and is sub<span class=\"_ _0\"></span>sequent<span class=\"_ _0\"></span>ly measur<span class=\"_ _8\"></span>ed at cost le<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _8\"></span>ed impairment los<span class=\"_ _0\"></span>ses.F<span class=\"_ _0\"></span>or the purpo<span class=\"_ _0\"></span>se of impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>estin<span class=\"_ _0\"></span>g, goodwill i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o each of the Gr<span class=\"_ _8\"></span>oup's cash-g<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-</span>er<span class=\"_ _0\"></span>ating units e<span class=\"_ _8\"></span>xpected t<span class=\"_ _0\"></span>o benefit f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the sy<span class=\"_ _0\"></span>nergie<span class=\"_ _0\"></span>s of the combination ir<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e of whether other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s or liabilities of the ac<span class=\"_ _0\"></span>quiree ar<span class=\"_ _8\"></span>e assigned t<span class=\"_ _8\"></span>o thos<span class=\"_ _0\"></span>e units. Cash-gener<span class=\"_ _8\"></span>ating units t<span class=\"_ _0\"></span>o which goodwill ha<span class=\"_ _0\"></span>s been allocat<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment annually<span class=\"_ _8\"></span>, or mor<span class=\"_ _0\"></span>e fr<span class=\"_ _8\"></span>equently when ther<span class=\"_ _8\"></span>e is an indication th<span class=\"_ _0\"></span>at the unit m<span class=\"_ _0\"></span>ay be impair<span class=\"_ _8\"></span>ed. If the r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of the cas<span class=\"_ _0\"></span>h-gener<span class=\"_ _0\"></span>ating unit is le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he unit, the impairment lo<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed firs<span class=\"_ _0\"></span>t to r<span class=\"_ _8\"></span>educe the car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amount of an<span class=\"_ _0\"></span>y goodwill allocat<span class=\"_ _8\"></span>ed to the unit and t<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>o the other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the unit pr<span class=\"_ _0\"></span>o-r<span class=\"_ _0\"></span>ata on the ba<span class=\"_ _0\"></span>sis of the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of e<span class=\"_ _0\"></span>ach asset in the unit. An impair<span class=\"_ _0\"></span>ment loss r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or goodwill is not r<span class=\"_ _8\"></span>ever<span class=\"_ _0\"></span>sed in a sub<span class=\"_ _0\"></span>sequent period. On dis<span class=\"_ _0\"></span>posal of a s<span class=\"_ _0\"></span>ubsidiar<span class=\"_ _a\"></span>y or a joint<span class=\"_ _0\"></span>ly contr<span class=\"_ _8\"></span>olled entity, t<span class=\"_ _0\"></span>he attributable amoun<span class=\"_ _0\"></span>t of goodwill is included in t<span class=\"_ _0\"></span>he determin<span class=\"_ _8\"></span>ation of the profit or lo<span class=\"_ _0\"></span>ss on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al.The table below sho<span class=\"_ _0\"></span>ws the co<span class=\"_ _0\"></span>st value, additions, di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sals, impairmen<span class=\"_ _0\"></span>t char<span class=\"_ _0\"></span>ges and c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying value f<span class=\"_ _8\"></span>or the various g<span class=\"_ _0\"></span>oodwill item<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oup.Goodwill(EUR 1,000)<span class=\"_ _1a7\"> </span><span class=\"ff2\">2022<span class=\"_ _71\"> </span>2021</span>Cost at 1.1<span class=\"_ _1a8\"> </span>58,089<span class=\"_ _e8\"> </span>58,511Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _61\"> </span>57,089<span class=\"_ _1a9\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _74\"> </span>-3,997<span class=\"_ _71\"> </span>-422Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1aa\"> </span><span class=\"ls0\">111,181<span class=\"_ _53\"> </span>58,089</span>Accumul<span class=\"_ _0\"></span>ated impairment 1.1.<span class=\"_ _110\"> </span>6,223<span class=\"_ _6f\"> </span>6,220Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _1ab\"> </span>-<span class=\"_ _1a9\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _1ac\"> </span>-<span class=\"_ _d3\"> </span>3Accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1ad\"> </span><span class=\"ls0\">6,223<span class=\"_ _18b\"> </span>6,223</span>Carrying amount 31.12<span class=\"_ _1ae\"> </span><span class=\"ls0\">104,958<span class=\"_ _1af\"> </span>51,866</span>Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>Impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>est f<span class=\"_ _8\"></span>or goodwill:Goodwill is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the Gr<span class=\"_ _0\"></span>oup's cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g units and i<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment annually or mor<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>equently if ther<span class=\"_ _8\"></span>e ar<span class=\"_ _0\"></span>e indications of impairmen<span class=\"_ _0\"></span>t. T<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>sting f<span class=\"_ _8\"></span>or impairment inv<span class=\"_ _0\"></span>olves t<span class=\"_ _0\"></span>he det<span class=\"_ _0\"></span>ermination of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of the c<span class=\"_ _0\"></span>ash gener<span class=\"_ _8\"></span>ating unit. The r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble amount is det<span class=\"_ _8\"></span>ermined by dis<span class=\"_ _0\"></span>counting f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected c<span class=\"_ _0\"></span>ash flows, b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he busines<span class=\"_ _0\"></span>s plans f<span class=\"_ _8\"></span>or the cas<span class=\"_ _0\"></span>h gener<span class=\"_ _0\"></span>ating units. The di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t rat<span class=\"_ _8\"></span>e applied to t<span class=\"_ _0\"></span>he fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flow is ba<span class=\"_ _0\"></span>sed on the Gr<span class=\"_ _8\"></span>oup's weight<span class=\"_ _8\"></span>ed aver<span class=\"_ _8\"></span>age cost of c<span class=\"_ _0\"></span>apital (W<span class=\"_ _8\"></span>A<span class=\"_ _0\"></span>CC), adapt<span class=\"_ _8\"></span>ed to the m<span class=\"_ _0\"></span>ark<span class=\"_ _8\"></span>et's apprehen<span class=\"_ _0\"></span>sion of the ris<span class=\"_ _0\"></span>k f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ors f<span class=\"_ _8\"></span>or each cash gener<span class=\"_ _8\"></span>ating unit. Gr<span class=\"_ _0\"></span>owth r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e used t<span class=\"_ _8\"></span>o project ca<span class=\"_ _0\"></span>sh flows be<span class=\"_ _0\"></span>yond the periods co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ed by the bu<span class=\"_ _0\"></span>siness pl<span class=\"_ _0\"></span>ans.Cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unitsThe goodwill it<span class=\"_ _0\"></span>ems f<span class=\"_ _8\"></span>rom 2021 (c<span class=\"_ _0\"></span>ost 1.1. 2022) ar<span class=\"_ _8\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to acqui<span class=\"_ _0\"></span>sition of Elopak Denm<span class=\"_ _0\"></span>ark A/S, Elopak AB, Elofin O<span class=\"_ _8\"></span>Y and V<span class=\"_ _8\"></span>ariopak and are alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the cas<span class=\"_ _0\"></span>h gener<span class=\"_ _0\"></span>ating unit E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ope, which consi<span class=\"_ _0\"></span>st of Elopak's E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>opean mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>ets, including t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>ernal pr<span class=\"_ _8\"></span>oduction and supply org<span class=\"_ _0\"></span>anization.F<span class=\"_ _0\"></span>ollowing f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om busines<span class=\"_ _0\"></span>s combinations in 2<span class=\"_ _0\"></span>022 Goodwill has incr<span class=\"_ _8\"></span>eased b<span class=\"_ _0\"></span>y EUR 3,591 thous<span class=\"_ _0\"></span>and f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om acquisition of GL<span class=\"_ _0\"></span>S Elopak and EUR 53,498 thou<span class=\"_ _0\"></span>sand f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om acquisition of N<span class=\"_ _0\"></span>atur<span class=\"_ _8\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>acking Co. L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d. Operation<span class=\"_ _0\"></span>s in GLS Elopak ar<span class=\"_ _0\"></span>e mainly in India and i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o a separ<span class=\"_ _8\"></span>ate CGU. Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>acking Co. L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d is int<span class=\"_ _8\"></span>egrat<span class=\"_ _8\"></span>ed in the Elopak E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>opean value ch<span class=\"_ _0\"></span>ain and is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the CGU of Elopak E<span class=\"_ _0\"></span>urope (r<span class=\"_ _8\"></span>enamed t<span class=\"_ _0\"></span>o Elopak EMEA).The basi<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o consider Elopak EMEA as one c<span class=\"_ _0\"></span>ash gener<span class=\"_ _8\"></span>ating unit is t<span class=\"_ _0\"></span>he inher<span class=\"_ _0\"></span>ent str<span class=\"_ _0\"></span>uctur<span class=\"_ _8\"></span>e of the EMEA mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et. Cust<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s are mer<span class=\"_ _8\"></span>ging acr<span class=\"_ _0\"></span>oss bor<span class=\"_ _8\"></span>ders and ar<span class=\"_ _8\"></span>e increa<span class=\"_ _0\"></span>singly tr<span class=\"_ _8\"></span>eating EMEA a<span class=\"_ _0\"></span>s one<span class=\"_ _a\"></span> mar<span class=\"_ _0\"></span>ket. The hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical r<span class=\"_ _8\"></span>equirement f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om cust<span class=\"_ _8\"></span>omers t<span class=\"_ _0\"></span>o sour<span class=\"_ _8\"></span>ce fr<span class=\"_ _8\"></span>om specific plant<span class=\"_ _0\"></span>s is no long<span class=\"_ _0\"></span>er pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t. Elopak is ad<span class=\"_ _0\"></span>apting t<span class=\"_ _8\"></span>o this tr<span class=\"_ _8\"></span>end by allocating pr<span class=\"_ _8\"></span>oduction flexibly t<span class=\"_ _8\"></span>o the plant<span class=\"_ _0\"></span>s in EMEA in or<span class=\"_ _0\"></span>der to op<span class=\"_ _0\"></span>timize logi<span class=\"_ _0\"></span>stics and pr<span class=\"_ _0\"></span>oduction cos<span class=\"_ _0\"></span>t. Accor<span class=\"_ _8\"></span>ding to t<span class=\"_ _0\"></span>his dev<span class=\"_ _0\"></span>elopment, the m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s along Elopak's v<span class=\"_ _0\"></span>alue chain will be s<span class=\"_ _0\"></span>ubject to ch<span class=\"_ _0\"></span>ange f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om one year t<span class=\"_ _0\"></span>o another<span class=\"_ _8\"></span>, and ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e the appr<span class=\"_ _8\"></span>opriate w<span class=\"_ _0\"></span>ay t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>ess indic<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or impairment f<span class=\"_ _8\"></span>or the EMEA busine<span class=\"_ _0\"></span>ss is a<span class=\"_ _0\"></span>s one unit.Impairment t<span class=\"_ _8\"></span>est and as<span class=\"_ _0\"></span>sumptionsR<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or the ca<span class=\"_ _0\"></span>sh gener<span class=\"_ _0\"></span>ating units Elop<span class=\"_ _0\"></span>ak EMEA and GLS Elopak ar<span class=\"_ _8\"></span>e calculat<span class=\"_ _8\"></span>ed<span class=\"_ _a\"></span> bas<span class=\"_ _0\"></span>ed on values in u<span class=\"_ _0\"></span>se. The ca<span class=\"_ _0\"></span>sh flows th<span class=\"_ _8\"></span>at are ba<span class=\"_ _0\"></span>sis f<span class=\"_ _0\"></span>or the impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>ests ar<span class=\"_ _8\"></span>e based on Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>ass<span class=\"_ _0\"></span>umptions about f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e sales v<span class=\"_ _0\"></span>olumes, sellin<span class=\"_ _0\"></span>g prices and dir<span class=\"_ _8\"></span>ect costs. The<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>e uncer<span class=\"_ _a\"></span>tain f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s.<span class=\"_ _a\"></span> Thes<span class=\"_ _0\"></span>e assump<span class=\"_ _0\"></span>tions ar<span class=\"_ _0\"></span>e based on hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical e<span class=\"_ _0\"></span>xperience f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the r<span class=\"_ _8\"></span>elevant mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s, adopt<span class=\"_ _0\"></span>ed budgets and the Gr<span class=\"_ _8\"></span>oup's expectation<span class=\"_ _0\"></span>s of mark<span class=\"_ _8\"></span>et change<span class=\"_ _0\"></span>s and other fin<span class=\"_ _0\"></span>ancial impacts f<span class=\"_ _8\"></span>rom clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s.<span class=\"_ _a\"></span> Upon completion of the impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>ests in 2<span class=\"_ _0\"></span>022 and 2021 the Gr<span class=\"_ _8\"></span>oup does not e<span class=\"_ _0\"></span>xpect significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> chan<span class=\"_ _0\"></span>ges in c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent tr<span class=\"_ _8\"></span>ade in EMEA and expect<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash flow<span class=\"_ _0\"></span>s ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e mainly a continuation of obs<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ved t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ends. GLS Elopak i<span class=\"_ _0\"></span>s in a start-up phas<span class=\"_ _0\"></span>e, hence a significan<span class=\"_ _0\"></span>t incr<span class=\"_ _0\"></span>ease of s<span class=\"_ _0\"></span>ales and pr<span class=\"_ _0\"></span>ofit is e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed in 2023 f<span class=\"_ _0\"></span>ollowed b<span class=\"_ _0\"></span>y an estim<span class=\"_ _0\"></span>ate of 0% g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _a\"></span>th t<span class=\"_ _0\"></span>he year<span class=\"_ _0\"></span>s after<span class=\"_ _8\"></span>.Calcul<span class=\"_ _0\"></span>ated r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amounts in the impairmen<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>sts ar<span class=\"_ _8\"></span>e higher than car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amounts, and bas<span class=\"_ _0\"></span>ed on the t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s, it is concluded t<span class=\"_ _0\"></span>hat ther<span class=\"_ _8\"></span>e is no impairment in 2<span class=\"_ _0\"></span>022 or 2021.Det<span class=\"_ _0\"></span>ermined cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed with dis<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed in the table below.Detailed des<span class=\"_ _0\"></span>cription of the a<span class=\"_ _0\"></span>ssumpti<span class=\"_ _0\"></span>ons used:Discoun<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e after tax<span class=\"_ _1b0\"> </span>Discoun<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e befor<span class=\"_ _0\"></span>e tax<span class=\"_ _140\"> </span><span class=\"ls0\">Growth rat<span class=\"_ _0\"></span>e 2-5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _1b1\"> </span>Long-t<span class=\"_ _8\"></span>erm growth rat<span class=\"_ _0\"></span>e</span>2022<span class=\"_ _ed\"> </span>2021<span class=\"_ _103\"> </span>2022<span class=\"_ _ed\"> </span>2021<span class=\"_ _ed\"> </span>2022<span class=\"_ _103\"> </span>2021<span class=\"_ _ed\"> </span>2022<span class=\"_ _ed\"> </span>2021Elopak EMEA<span class=\"_ _1b2\"> </span>7.7 %<span class=\"_ _f9\"> </span>3.6 %<span class=\"_ _119\"> </span>11.0 %<span class=\"_ _43\"> </span>5.2 %<span class=\"_ _1b3\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %GLS Elopak<span class=\"_ _1b4\"> </span>12.5 %<span class=\"_ _13b\"> </span>17.9 %<span class=\"_ _1b5\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %The dis<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>eflect the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t mark<span class=\"_ _8\"></span>ets ass<span class=\"_ _0\"></span>essmen<span class=\"_ _0\"></span>t of the ris<span class=\"_ _0\"></span>k specific t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h gener<span class=\"ls0 ws0\">-</span>ating unit. The r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ated ba<span class=\"_ _0\"></span>sed on the w<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed aver<span class=\"_ _8\"></span>age cos<span class=\"_ _0\"></span>t of capital f<span class=\"_ _0\"></span>or similar as<span class=\"_ _0\"></span>sets in t<span class=\"_ _0\"></span>he mark<span class=\"_ _8\"></span>et. This r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e has been f<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>ther adjus<span class=\"_ _0\"></span>ted t<span class=\"_ _8\"></span>o reflect t<span class=\"_ _0\"></span>he specific ri<span class=\"_ _0\"></span>sk f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ors r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>sh gener<span class=\"_ _0\"></span>ating unit, which h<span class=\"_ _0\"></span>ave not been r<span class=\"_ _8\"></span>eflected in t<span class=\"_ _0\"></span>he cash flo<span class=\"_ _0\"></span>w.A<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age gr<span class=\"_ _8\"></span>ow<span class=\"_ _a\"></span>th r<span class=\"_ _8\"></span>ate f<span class=\"_ _8\"></span>or the f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e 2 to 5 ye<span class=\"_ _0\"></span>ars period i<span class=\"_ _0\"></span>s based on Elop<span class=\"_ _0\"></span>ak Gr<span class=\"_ _0\"></span>oup's expect<span class=\"_ _0\"></span>ations f<span class=\"_ _0\"></span>or the m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et development t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he busines<span class=\"_ _0\"></span>s operat<span class=\"_ _8\"></span>es in. When estim<span class=\"_ _0\"></span>ating f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flows committ<span class=\"_ _0\"></span>ed operatin<span class=\"_ _0\"></span>g efficiency impr<span class=\"_ _0\"></span>ovemen<span class=\"_ _0\"></span>t measur<span class=\"_ _8\"></span>es ar<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en int<span class=\"_ _0\"></span>o account. Ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in the out<span class=\"_ _0\"></span>comes f<span class=\"_ _8\"></span>or these initi<span class=\"_ _0\"></span>atives m<span class=\"_ _0\"></span>ay influence f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed cash flo<span class=\"_ _0\"></span>ws.Inve<span class=\"_ _0\"></span>stment co<span class=\"_ _0\"></span>sts nece<span class=\"_ _0\"></span>ssary to meet e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>owth ar<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en int<span class=\"_ _0\"></span>o account. Ba<span class=\"_ _0\"></span>sed on man<span class=\"_ _0\"></span>agement's a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment, t<span class=\"_ _0\"></span>he estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>sts do not include inv<span class=\"_ _0\"></span>estmen<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>impr<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>s the as<span class=\"_ _0\"></span>sets perfor<span class=\"_ _0\"></span>mance. The r<span class=\"_ _8\"></span>elated c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eated c<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>espondin<span class=\"_ _0\"></span>gly<span class=\"_ _0\"></span>.Man<span class=\"_ _0\"></span>agement believ<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at ther<span class=\"_ _8\"></span>e is no r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>onably pos<span class=\"_ _0\"></span>sible chan<span class=\"_ _0\"></span>ge in any of t<span class=\"_ _0\"></span>he k<span class=\"_ _0\"></span>ey as<span class=\"_ _0\"></span>sumption th<span class=\"_ _0\"></span>at would caus<span class=\"_ _0\"></span>e the car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying value of t<span class=\"_ _0\"></span>he unit to m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erially ex<span class=\"_ _8\"></span>ceed its r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t. Sensitivity analy<span class=\"_ _0\"></span>sis ha<span class=\"_ _0\"></span>ve been performed b<span class=\"_ _0\"></span>ased on a 0.5% incr<span class=\"_ _8\"></span>ease and decr<span class=\"_ _8\"></span>ease of t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate and perpet<span class=\"_ _8\"></span>ual gr<span class=\"_ _0\"></span>ow<span class=\"_ _a\"></span>th. The v<span class=\"_ _0\"></span>alue in the low end of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>s higher than t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount, hence t<span class=\"_ _0\"></span>he sensitivity analy<span class=\"_ _0\"></span>sis show<span class=\"_ _0\"></span>s no indication of impairment.Not<span class=\"_ _0\"></span>e 11 - Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipmentAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyCapitaliz<span class=\"_ _0\"></span>ed propert<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t are r<span class=\"_ _8\"></span>eflected at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _8\"></span>ed depreciation and accumul<span class=\"_ _0\"></span>ated imp<span class=\"_ _0\"></span>airment los<span class=\"_ _0\"></span>ses. P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipmen<span class=\"_ _0\"></span>t, other th<span class=\"_ _0\"></span>an land and  <span class=\"_ _1f\"></span>pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ties under const<span class=\"_ _0\"></span>ruction, ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>heir estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed usef<span class=\"_ _8\"></span>ul lives, usin<span class=\"_ _0\"></span>g the st<span class=\"_ _0\"></span>raigh<span class=\"_ _0\"></span>t-line method and takin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>o consider<span class=\"_ _0\"></span>ation an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esidual value<span class=\"_ _0\"></span>s. See Not<span class=\"_ _0\"></span>e 3 for imp<span class=\"_ _0\"></span>airment of non- financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s accountin<span class=\"_ _0\"></span>g policy.Not<span class=\"_ _0\"></span>e 11 - Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t(EUR 1,000)Land and Machinery <span class=\"_ _1b\"></span> Office and 2022buildingsand planttranspor<span class=\"_ _a\"></span>t<span class=\"_ _12a\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>Cost at 1.1<span class=\"_ _f5\"> </span>41,52<span class=\"_ _8\"></span>4<span class=\"_ _5a\"> </span>532,615<span class=\"_ _c8\"> </span>20,72<span class=\"_ _8\"></span>4<span class=\"_ _15\"> </span>59<span class=\"_ _8\"></span>4,863Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _18e\"> </span>10,184<span class=\"_ _7f\"> </span>11,305<span class=\"_ _df\"> </span>135<span class=\"_ _12c\"> </span>21,623Additions<span class=\"_ _80\"> </span><span class=\"ls61 wsba\">227<span class=\"_ _48\"> </span></span>37,9<span class=\"_ _8\"></span>40<span class=\"_ _69\"> </span>304<span class=\"_ _47\"> </span>38,471Disposals<span class=\"_ _107\"> </span><span class=\"ls0 ws0\">-17<span class=\"_ _8\"></span>6<span class=\"_ _12c\"> </span>-6,153<span class=\"_ _155\"> </span>-47<span class=\"_ _8\"></span>6<span class=\"_ _4c\"> </span>-6,805</span>Discon<span class=\"_ _0\"></span>tinued operations ()<span class=\"_ _1b6\"> </span>-296<span class=\"_ _106\"> </span>-24,2<span class=\"_ _0\"></span>73<span class=\"_ _48\"> </span>-2,082<span class=\"_ _5a\"> </span>-26,651T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ansf<span class=\"_ _0\"></span>er to/f<span class=\"_ _0\"></span>rom inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1b7\"> </span>1,581<span class=\"_ _c8\"> </span>-6,367<span class=\"_ _62\"> </span>868<span class=\"_ _47\"> </span>-3,918Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _176\"> </span>-344<span class=\"_ _7b\"> </span>11,813<span class=\"_ _4e\"> </span>918<span class=\"_ _12c\"> </span>12,387Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _a9\"> </span>52,701<span class=\"_ _2f\"> </span>556,880<span class=\"_ _5a\"> </span>20,3<span class=\"_ _0\"></span>90<span class=\"_ _15\"> </span>629,971Acc. depr<span class=\"_ _0\"></span>eciation and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _1b8\"> </span>27,314<span class=\"_ _5e\"> </span>364,715<span class=\"_ _10b\"> </span>16,410<span class=\"_ _28\"> </span>408,4381)Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e 1,530<span class=\"_ _12c\"> </span>25,831<span class=\"_ _ca\"> </span>1,6<span class=\"_ _8\"></span>97<span class=\"_ _48\"> </span>29,0571)Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge 868<span class=\"_ _118\"> </span>5,272<span class=\"_ _53\"> </span><span class=\"ls3 wsc8\">173<span class=\"_ _ca\"> </span></span>6,3<span class=\"_ _0\"></span>12Depreci<span class=\"_ _0\"></span>ation dispos<span class=\"_ _0\"></span>als<span class=\"_ _172\"> </span>-16<span class=\"_ _0\"></span>9<span class=\"_ _47\"> </span>-4,514<span class=\"_ _155\"> </span>-427<span class=\"_ _7f\"> </span>-5,110Discon<span class=\"_ _0\"></span>tinued operations ()<span class=\"_ _1b9\"> </span>-271<span class=\"_ _5a\"> </span>-19,49<span class=\"_ _8\"></span>3<span class=\"_ _84\"> </span>-1,73<span class=\"_ _0\"></span>7<span class=\"_ _153\"> </span>-21,501Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _116\"> </span>-<span class=\"_ _50\"> </span>-319<span class=\"_ _75\"> </span>-3<span class=\"_ _14f\"> </span>-322Depreci<span class=\"_ _0\"></span>ation trans<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _13e\"> </span>-<span class=\"_ _84\"> </span>-1,138<span class=\"_ _ef\"> </span>-<span class=\"_ _194\"> </span>-1,138Impairment tr<span class=\"_ _8\"></span>ansferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1ba\"> </span>-<span class=\"_ _64\"> </span>-346<span class=\"_ _c6\"> </span>-<span class=\"_ _64\"> </span>-346Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _177\"> </span>104<span class=\"_ _7f\"> </span>11,602<span class=\"_ _73\"> </span>900<span class=\"_ _c8\"> </span>12,606Acc. depreci<span class=\"_ _0\"></span>ation and impairment lo<span class=\"_ _0\"></span>sses at 3<span class=\"_ _0\"></span>1.12 <span class=\"_ _1bb\"> </span>29,375<span class=\"_ _22\"> </span>381,609<span class=\"_ _144\"> </span>17,012<span class=\"_ _45\"> </span>427,997Carrying amount 31.12<span class=\"_ _1bc\"> </span>23,326<span class=\"_ _5a\"> </span>175,271<span class=\"_ _194\"> </span>3,3<span class=\"_ _0\"></span>78<span class=\"_ _46\"> </span>201,97<span class=\"_ _0\"></span>5E<span class=\"_ _0\"></span>conomic life<span class=\"_ _d0\"> </span>0-40 years<span class=\"_ _12e\"> </span>3-15 years<span class=\"_ _12e\"> </span>3-12 year<span class=\"_ _0\"></span>sAmortization method<span class=\"_ _fc\"> </span>Linear<span class=\"_ _144\"> </span>Linear<span class=\"_ _144\"> </span>Linear1 ) <span class=\"_ _1b\"></span>Depreci<span class=\"_ _0\"></span>ation charge f<span class=\"_ _8\"></span>or the year ex<span class=\"_ _0\"></span>cludes f<span class=\"_ _0\"></span>ollowing amount<span class=\"_ _0\"></span>s ()<span class=\"_ _1bd\"> </span>7<span class=\"_ _62\"> </span>899<span class=\"_ _1af\"> </span>64<span class=\"_ _7a\"> </span><span class=\"ls5 wsd\">970</span> Impairment ch<span class=\"_ _0\"></span>arge f<span class=\"_ _0\"></span>or the year e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s followin<span class=\"_ _0\"></span>g amounts ()<span class=\"_ _16d\"> </span><span class=\"ls0\">18<span class=\"_ _142\"> </span>5,535<span class=\"_ _62\"> </span>280<span class=\"_ _194\"> </span>5,833</span>Not<span class=\"_ _0\"></span>e 11 \u2013 Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Land and Machinery Office and buildingsand planttranspor<span class=\"_ _a\"></span>t<span class=\"_ _12a\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l<span class=\"_ _197\"></span><span class=\"ls0 ws0\">2021</span></span>Cost at 1.1<span class=\"_ _eb\"> </span>41,30<span class=\"_ _0\"></span>7<span class=\"_ _46\"> </span>520,596<span class=\"_ _10b\"> </span>19,501<span class=\"_ _49\"> </span>581,404Additions<span class=\"_ _1c7\"> </span>-<span class=\"_ _153\"> </span>30,638<span class=\"_ _df\"> </span>136<span class=\"_ _144\"> </span>30,77<span class=\"_ _8\"></span>4Disposals<span class=\"_ _51\"> </span><span class=\"ls0 ws0\">-583<span class=\"_ _5a\"> </span>-13,479<span class=\"_ _47\"> </span>-1,386<span class=\"_ _5a\"> </span>-15,448</span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ansf<span class=\"_ _0\"></span>er to/f<span class=\"_ _0\"></span>rom inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _d5\"> </span>657<span class=\"_ _5e\"> </span>-10,679<span class=\"_ _7b\"> </span>2,207<span class=\"_ _1c8\"> </span>-7,815Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _17f\"> </span>143<span class=\"_ _7b\"> </span>5,53<span class=\"_ _0\"></span>9<span class=\"_ _7a\"> </span><span class=\"lsb ws8c\">266<span class=\"_ _7b\"> </span></span>5,9<span class=\"_ _0\"></span>48Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _150\"> </span><span class=\"ls0\">41,52<span class=\"_ _0\"></span>4<span class=\"_ _15\"> </span>532,6<span class=\"_ _0\"></span>15<span class=\"_ _153\"> </span>20,724<span class=\"_ _2b\"> </span>59<span class=\"_ _0\"></span>4,863</span>Acc. depr<span class=\"_ _0\"></span>eciation and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _1c9\"> </span><span class=\"ls61 wsba\">27,270<span class=\"_ _45\"> </span></span>349,455<span class=\"_ _144\"> </span>16,250<span class=\"_ _4b\"> </span>392,97<span class=\"_ _0\"></span>5Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1ca\"> </span>1,230<span class=\"_ _60\"> </span>26,380<span class=\"_ _55\"> </span>1,512<span class=\"_ _12c\"> </span>29,122Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _188\"> </span>-<span class=\"_ _155\"> </span>1,216<span class=\"_ _1cb\"> </span>1<span class=\"_ _55\"> </span>1,218Depreci<span class=\"_ _0\"></span>ation dispos<span class=\"_ _0\"></span>als<span class=\"_ _172\"> </span>-581<span class=\"_ _106\"> </span>-13,058<span class=\"_ _84\"> </span>-1,37<span class=\"_ _1\"></span>6<span class=\"_ _c1\"> </span>-15,014Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _116\"> </span>-<span class=\"_ _19a\"> </span>-411<span class=\"_ _1cc\"> </span>-1<span class=\"_ _50\"> </span>-412Depreci<span class=\"_ _0\"></span>ation trans<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1a3\"> </span>-6<span class=\"_ _0\"></span>92<span class=\"_ _194\"> </span>-1,6<span class=\"_ _8\"></span>14<span class=\"_ _50\"> </span>-199<span class=\"_ _48\"> </span>-2,505Impairment tr<span class=\"_ _8\"></span>ansferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _90\"> </span>-15<span class=\"_ _155\"> </span>-410<span class=\"_ _d8\"> </span>15<span class=\"_ _155\"> </span>-410Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _17f\"> </span>102<span class=\"_ _64\"> </span>3,157<span class=\"_ _7a\"> </span><span class=\"ls2c ws49\">207<span class=\"_ _194\"> </span></span>3,466Acc. depreci<span class=\"_ _0\"></span>ation and impairment lo<span class=\"_ _0\"></span>sses at 3<span class=\"_ _0\"></span>1.12 <span class=\"_ _8f\"> </span><span class=\"ls0\">27,314<span class=\"_ _45\"> </span>364,715<span class=\"_ _48\"> </span>16,410<span class=\"_ _40\"> </span>408,439</span>Carrying amount 31.12<span class=\"_ _97\"> </span><span class=\"ls0\">14,211<span class=\"_ _22\"> </span>167,900<span class=\"_ _194\"> </span>4,314<span class=\"_ _41\"> </span>186,426</span>The leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s and commitment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>on filling m<span class=\"_ _0\"></span>achines r<span class=\"_ _8\"></span>ent<span class=\"_ _0\"></span>ed to c<span class=\"_ _0\"></span>ust<span class=\"_ _8\"></span>omers as w<span class=\"_ _0\"></span>ell as t<span class=\"_ _0\"></span>he lease e<span class=\"_ _8\"></span>xpenses and commit<span class=\"_ _0\"></span>ments f<span class=\"_ _8\"></span>or equipment leased and u<span class=\"_ _0\"></span>sed in our pr<span class=\"_ _0\"></span>oduction ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>closed in Not<span class=\"_ _8\"></span>e 12.The Compan<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s not pledged pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipmen<span class=\"_ _0\"></span>t as sec<span class=\"_ _0\"></span>urity for liabilitie<span class=\"_ _0\"></span>s.Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t specified by g<span class=\"_ _0\"></span>eogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>ea2021<span class=\"_ _1be\"></span><span class=\"ff3\">(EUR 1,000)<span class=\"_ _1bf\"> </span><span class=\"ff2\">2022</span></span>Canada<span class=\"_ _1c0\"> </span> 28,485 <span class=\"_ _47\"> </span> 26,738 Denmark<span class=\"_ _e1\"> </span> 25,9<span class=\"_ _8\"></span>40 <span class=\"_ _7f\"> </span> 27,9<span class=\"_ _8\"></span>47 German<span class=\"_ _0\"></span>y<span class=\"_ _e1\"> </span> 6<span class=\"_ _0\"></span>9,025 <span class=\"_ _c8\"> </span> 68,550 India<span class=\"_ _1c1\"> </span> 9,9<span class=\"_ _8\"></span>44 <span class=\"_ _d2\"> </span>-Moroc<span class=\"_ _0\"></span>co<span class=\"_ _1c2\"> </span> 6,508 <span class=\"_ _d2\"> </span>-Netherland<span class=\"_ _0\"></span>s<span class=\"_ _1c3\"> </span> 44,547 <span class=\"_ _12c\"> </span> 42,7<span class=\"_ _8\"></span>65 Norway<span class=\"_ _d1\"> </span> 3,097 <span class=\"_ _50\"> </span> 4,131 Russia<span class=\"_ _1c4\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _155\"> </span> 7,290 </span>Saudi Arabi<span class=\"_ _0\"></span>a<span class=\"_ _f8\"> </span> 3,555 <span class=\"_ _c3\"> </span>-Ukr<span class=\"_ _0\"></span>aine<span class=\"_ _1c5\"> </span> 3,281 <span class=\"_ _118\"> </span> 8,566 United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _1aa\"> </span> 7,325 <span class=\"_ _1af\"> </span>237 Other<span class=\"_ _1c6\"> </span><span class=\"lsb ws8c\">267 <span class=\"_ _163\"> </span><span class=\"ls2c ws49\">203<span class=\"_ _a\"></span> </span></span>To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _149\"> </span><span class=\"ls0 ws0\">201,975<span class=\"_ _48\"> </span>186,426</span>The split by geo<span class=\"_ _0\"></span>graphical ar<span class=\"_ _8\"></span>ea is based on the juri<span class=\"_ _0\"></span>sdiction of legal owner<span class=\"_ _8\"></span>.Not<span class=\"_ _0\"></span>e 11 \u2013 Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Other off-bal<span class=\"_ _0\"></span>ance sheet commitmen<span class=\"_ _0\"></span>ts and contin<span class=\"_ _0\"></span>gencies(EUR 1,000)<span class=\"_ _1cd\"> </span><span class=\"ff2\">2022<span class=\"_ _108\"> </span>2021</span>Commitments f<span class=\"_ _8\"></span>or the acquisition of property, pl<span class=\"_ _0\"></span>ant and equipment<span class=\"_ _17b\"> </span><span class=\"ls1 ws1\">1<span class=\"_ _a\"></span>2<span class=\"_ _a\"></span>69<span class=\"_ _ca\"> </span></span> 2,145 Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup as a les<span class=\"_ _0\"></span>seeThe Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>es a right<span class=\"_ _0\"></span>-of-use a<span class=\"_ _0\"></span>sset and a corr<span class=\"_ _8\"></span>espondin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e liability with r<span class=\"_ _0\"></span>espect t<span class=\"_ _0\"></span>o all lease arr<span class=\"_ _8\"></span>angement<span class=\"_ _0\"></span>s in which it is t<span class=\"_ _0\"></span>he less<span class=\"_ _0\"></span>ee, ex<span class=\"_ _8\"></span>cept f<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es and lea<span class=\"_ _0\"></span>ses of low value a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es and lea<span class=\"_ _0\"></span>ses of lo<span class=\"_ _0\"></span>w value as<span class=\"_ _0\"></span>sets, t<span class=\"_ _0\"></span>he Group r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>es the lea<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>ments as an oper<span class=\"_ _8\"></span>ating e<span class=\"_ _0\"></span>xpense on a st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-line ba<span class=\"_ _0\"></span>sis ov<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>erm of the leas<span class=\"_ _0\"></span>e unless anot<span class=\"_ _0\"></span>her sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>atic basi<span class=\"_ _0\"></span>s is mor<span class=\"_ _8\"></span>e repr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>ative of the time patt<span class=\"_ _8\"></span>ern in which economic benefits f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he leased a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>onsumed.As a pr<span class=\"_ _0\"></span>actical e<span class=\"_ _0\"></span>xpedient, IFR<span class=\"_ _0\"></span>S 16 permits a le<span class=\"_ _0\"></span>ssee not t<span class=\"_ _8\"></span>o separ<span class=\"_ _0\"></span>ate non-lea<span class=\"_ _0\"></span>se component<span class=\"_ _0\"></span>s and inst<span class=\"_ _8\"></span>ead account f<span class=\"_ _0\"></span>or any le<span class=\"_ _0\"></span>ase and a<span class=\"_ _0\"></span>ssociat<span class=\"_ _8\"></span>ed non-lease component<span class=\"_ _0\"></span>s as a single ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gement. The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s applied this pr<span class=\"_ _8\"></span>actical e<span class=\"_ _0\"></span>xpedient t<span class=\"_ _0\"></span>o all clas<span class=\"_ _0\"></span>ses of righ<span class=\"_ _0\"></span>t-of-us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ept f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>ent of building<span class=\"_ _0\"></span>s.The Gr<span class=\"_ _0\"></span>oup as a les<span class=\"_ _0\"></span>sorThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to lea<span class=\"_ _0\"></span>se agr<span class=\"_ _8\"></span>eements as a le<span class=\"_ _0\"></span>ssor wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>espect t<span class=\"_ _8\"></span>o filling machine<span class=\"_ _0\"></span>s placed with c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers. The<span class=\"_ _0\"></span>se lea<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e clas<span class=\"_ _0\"></span>sified as finance or oper<span class=\"_ _8\"></span>ating leas<span class=\"_ _0\"></span>es. Whenev<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>erms of the lea<span class=\"_ _0\"></span>se tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er subs<span class=\"_ _0\"></span>tantially all t<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ewar<span class=\"_ _8\"></span>ds of owners<span class=\"_ _0\"></span>hip to t<span class=\"_ _0\"></span>he less<span class=\"_ _0\"></span>ee, the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act is cla<span class=\"_ _0\"></span>ssified as a fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e. All other lea<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e classified a<span class=\"_ _0\"></span>s oper<span class=\"_ _0\"></span>ating leas<span class=\"_ _0\"></span>es.See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or impairment of non-fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets accountin<span class=\"_ _0\"></span>g policy<span class=\"_ _0\"></span>.Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>1. The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>sor - oper<span class=\"_ _0\"></span>ating lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>sThe Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es out filling m<span class=\"_ _0\"></span>achines under oper<span class=\"_ _8\"></span>ating lease<span class=\"_ _0\"></span>s. R<span class=\"_ _0\"></span>ental income w<span class=\"_ _0\"></span>as EUR 9,326 thou<span class=\"_ _0\"></span>sand in 2022, compar<span class=\"_ _8\"></span>ed to EUR 9,168 t<span class=\"_ _0\"></span>housand in 2021. L<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>ms ar<span class=\"_ _0\"></span>e between 1 year t<span class=\"_ _0\"></span>o 10 year<span class=\"_ _0\"></span>s. Options t<span class=\"_ _0\"></span>o ext<span class=\"_ _8\"></span>end the leas<span class=\"_ _0\"></span>e term or pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e the leas<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>eflects mar<span class=\"_ _0\"></span>ket conditions at t<span class=\"_ _0\"></span>he time of ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>sing the op<span class=\"_ _0\"></span>tion.At the r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he Group h<span class=\"_ _0\"></span>as f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e minimum lease r<span class=\"_ _8\"></span>eceivables as f<span class=\"_ _8\"></span>ollows (undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed)(EUR 1,000)<span class=\"_ _1bf\"> </span><span class=\"ff2\">2022<span class=\"_ _df\"> </span>2021</span>Due within year 1<span class=\"_ _1ce\"> </span>11,2<span class=\"_ _0\"></span>42<span class=\"_ _7a\"> </span>7,6<span class=\"_ _0\"></span>79Due within year 2<span class=\"_ _1cf\"> </span>9,159<span class=\"_ _73\"> </span>6,7<span class=\"_ _0\"></span>00Due within year 3<span class=\"_ _1d0\"> </span>7,863<span class=\"_ _7a\"> </span>5,150Due within year 4<span class=\"_ _1ce\"> </span>6,519<span class=\"_ _62\"> </span>4,106Due within year 5<span class=\"_ _1d1\"> </span>4,509<span class=\"_ _df\"> </span>2,971Due after year 5<span class=\"_ _1aa\"> </span>8,330<span class=\"_ _73\"> </span>6,505To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1d2\"> </span><span class=\"ls0 ws0\">47,621<span class=\"_ _64\"> </span>33,113</span>2. The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>sor - fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e receiv<span class=\"_ _0\"></span>ables The Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es out filling m<span class=\"_ _0\"></span>achines under fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>es. Gener<span class=\"_ _0\"></span>ally<span class=\"_ _8\"></span>, lease t<span class=\"_ _0\"></span>erms ar<span class=\"_ _8\"></span>e between 5 year<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o 10 year<span class=\"_ _0\"></span>s. Options t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>xtend or pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e the leas<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et will normally r<span class=\"_ _8\"></span>eflect mark<span class=\"_ _8\"></span>et pricing.Amounts r<span class=\"_ _8\"></span>eceivable under finance le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s (undiscoun<span class=\"_ _0\"></span>ted)(EUR 1,000)<span class=\"_ _1bf\"> </span><span class=\"ff2\">2022<span class=\"_ _df\"> </span>2021</span>Due within year 1<span class=\"_ _1cf\"> </span>2,648<span class=\"_ _108\"> </span>4,843Due within year 2<span class=\"_ _1d3\"> </span>1,87<span class=\"_ _0\"></span>0<span class=\"_ _4e\"> </span>2,17<span class=\"_ _0\"></span>8Due within year 3<span class=\"_ _1ce\"> </span>1,302<span class=\"_ _df\"> </span>1,37<span class=\"_ _0\"></span>8Due within year 4<span class=\"_ _1aa\"> </span>1,213<span class=\"_ _66\"> </span>833Due within year 5<span class=\"_ _1d4\"> </span>804<span class=\"_ _109\"> </span><span class=\"ls2c ws49\">754</span>Due after year 5<span class=\"_ _1d5\"> </span>2,345<span class=\"_ _df\"> </span>1,770T<span class=\"_ _1\"></span>otal receiv<span class=\"_ _0\"></span>ables under finance lea<span class=\"_ _0\"></span>ses, undis<span class=\"_ _0\"></span>counted<span class=\"_ _98\"> </span>10,181<span class=\"_ _14f\"> </span>11,756Unearned finance income<span class=\"_ _5f\"> </span>2,162<span class=\"_ _6d\"> </span>1,536T<span class=\"_ _1\"></span>otal receiv<span class=\"_ _0\"></span>ables under finance lea<span class=\"_ _0\"></span>ses, dis<span class=\"_ _0\"></span>counted<span class=\"_ _87\"> </span>8,020<span class=\"_ _142\"> </span>10,220Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>Ther<span class=\"_ _0\"></span>e is no impairmen<span class=\"_ _0\"></span>t loss allo<span class=\"_ _0\"></span>wance r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed to the fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivables in 2<span class=\"_ _0\"></span>022 and 2021. Cr<span class=\"_ _8\"></span>edit risk r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o the filling m<span class=\"_ _0\"></span>achine lease a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eements i<span class=\"_ _0\"></span>s consider<span class=\"_ _0\"></span>ed insignific<span class=\"_ _0\"></span>ant due t<span class=\"_ _0\"></span>o right t<span class=\"_ _0\"></span>o requir<span class=\"_ _8\"></span>e ret<span class=\"_ _8\"></span>urn of the machine in c<span class=\"_ _0\"></span>ase of def<span class=\"_ _8\"></span>ault. The aver<span class=\"_ _8\"></span>age eff<span class=\"_ _0\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ed is appr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ximat<span class=\"_ _8\"></span>ely 4.59% per annum.The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>seeThe Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>ets including buildin<span class=\"_ _0\"></span>gs, plant<span class=\"_ _0\"></span>s, car<span class=\"_ _0\"></span>s and filling machine<span class=\"_ _0\"></span>s.Right-of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sets(EUR 1,000)Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty and Office and December 31, 2022buildings<span class=\"_ _c8\"> </span>Mach<span class=\"_ _0\"></span>iner<span class=\"_ _a\"></span>y transpor<span class=\"_ _a\"></span>t<span class=\"_ _c3\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _a\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _170\"> </span>38,652<span class=\"_ _6f\"> </span>12,986<span class=\"_ _b5\"> </span>11,314<span class=\"_ _1cc\"> </span>62,952Additions and adjus<span class=\"_ _0\"></span>tments<span class=\"_ _1d6\"> </span>22,258<span class=\"_ _1cb\"> </span>6,307<span class=\"_ _c3\"> </span>3,27<span class=\"_ _0\"></span>8<span class=\"_ _6f\"> </span>31,842Disposals<span class=\"_ _c2\"> </span><span class=\"ls0 ws0\">-3,956<span class=\"_ _12d\"> </span>-28<span class=\"_ _a0\"> </span>-100<span class=\"_ _d8\"> </span>-4,084</span>Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1d7\"> </span>-4,806<span class=\"_ _104\"> </span>-5,288<span class=\"_ _104\"> </span>-3,823<span class=\"_ _109\"> </span>-13,918Impairment los<span class=\"_ _0\"></span>ses<span class=\"_ _175\"> </span>-<span class=\"_ _dc\"> </span>-8<span class=\"_ _1bd\"> </span>-<span class=\"_ _199\"> </span>-8Carrying amount at 31.12<span class=\"_ _1d8\"> </span><span class=\"ls0\">52,148<span class=\"_ _d8\"> </span>13,968<span class=\"_ _d4\"> </span>10,668<span class=\"_ _e7\"> </span>7<span class=\"_ _8\"></span>6,784</span>Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty and Office and December 31, 2021buildings<span class=\"_ _c8\"> </span>Mach<span class=\"_ _0\"></span>iner<span class=\"_ _a\"></span>y transpor<span class=\"_ _a\"></span>t<span class=\"_ _c3\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _a\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _1d9\"> </span>42,502<span class=\"_ _e8\"> </span>15,645<span class=\"_ _c3\"> </span>11,123<span class=\"_ _104\"> </span>6<span class=\"_ _0\"></span>9,27<span class=\"_ _0\"></span>0Additions and adjus<span class=\"_ _0\"></span>tments<span class=\"_ _191\"> </span>1,458<span class=\"_ _b5\"> </span>3,010<span class=\"_ _d2\"> </span>4,162<span class=\"_ _9f\"> </span>8,630Disposals<span class=\"_ _88\"> </span><span class=\"ls0 ws0\">-233<span class=\"_ _b1\"> </span>-164<span class=\"_ _a2\"> </span>-213<span class=\"_ _ac\"> </span>-6<span class=\"_ _0\"></span>10</span>Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1ba\"> </span>-5,075<span class=\"_ _1cc\"> </span>-5,505<span class=\"_ _18b\"> </span>-3,758<span class=\"_ _da\"> </span>-14,338Carrying amount at 31.12<span class=\"_ _1d6\"> </span>38,652<span class=\"_ _1cc\"> </span>12,986<span class=\"_ _ef\"> </span>11,314<span class=\"_ _d4\"> </span>62,952Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s no significant pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e options e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om one pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e option r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the High Bay war<span class=\"_ _8\"></span>ehouse lea<span class=\"_ _0\"></span>se agr<span class=\"_ _8\"></span>eement commenced in Nov<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>, 2022. This pur<span class=\"_ _8\"></span>chase op<span class=\"_ _0\"></span>tion can be e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cised in 2<span class=\"_ _0\"></span>042 and pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price is m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et value at e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cise d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. An ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>se of the pur<span class=\"_ _8\"></span>chase <span class=\"_ _0\"></span>option is not con<span class=\"_ _0\"></span>sidered t<span class=\"_ _8\"></span>o be re<span class=\"_ _0\"></span>ason<span class=\"_ _0\"></span>ably cer<span class=\"_ _a\"></span>tain, hence it i<span class=\"_ _0\"></span>s not r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed. Net additions in 2022 include EUR -3,955 t<span class=\"_ _0\"></span>housand r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ations in R<span class=\"_ _0\"></span>ussia, other t<span class=\"_ _8\"></span>erminations in 2<span class=\"_ _0\"></span>022 and 2021 ar<span class=\"_ _8\"></span>e less th<span class=\"_ _0\"></span>an 1% of the righ<span class=\"_ _0\"></span>t of use a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s. The gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s additions t<span class=\"_ _0\"></span>o right-of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sets, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cluding adjus<span class=\"_ _0\"></span>tments t<span class=\"_ _8\"></span>o exi<span class=\"_ _0\"></span>sting con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>acts, wer<span class=\"_ _8\"></span>e EUR 29,388 thousand in 2022 and EUR 4,460 thou<span class=\"_ _0\"></span>sand in 2021. The e<span class=\"_ _8\"></span>xpired and t<span class=\"_ _8\"></span>erminat<span class=\"_ _0\"></span>ed contr<span class=\"_ _8\"></span>acts in 2022 wer<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eplaced b<span class=\"_ _0\"></span>y new lease<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or similar underlyin<span class=\"_ _0\"></span>g ass<span class=\"_ _0\"></span>ets.Expense<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e EUR 350 thousand in 2<span class=\"_ _0\"></span>022 and EUR 105 thousand in 2021. Expens<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o low value as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e EUR 615 t<span class=\"_ _0\"></span>housand in 2<span class=\"_ _0\"></span>022 and EUR 772  <span class=\"_ _23\"></span>thousand in 2021. Expens<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o variable pay<span class=\"_ _0\"></span>ments not included in t<span class=\"_ _0\"></span>he measur<span class=\"_ _8\"></span>ement of lease  <span class=\"_ _23\"></span>liabilities ar<span class=\"_ _0\"></span>e EUR 98 thous<span class=\"_ _0\"></span>and in 2022 and EUR 218 thou<span class=\"_ _0\"></span>sand in 2021.The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s signed contr<span class=\"_ _8\"></span>acts f<span class=\"_ _0\"></span>or tet<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ed Cap lines with a lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>erm of 5 year<span class=\"_ _0\"></span>s and a nominal value of EUR 45,284 t<span class=\"_ _0\"></span>housand, which will commence at diff<span class=\"_ _8\"></span>eren<span class=\"_ _0\"></span>t stag<span class=\"_ _0\"></span>es during 2<span class=\"_ _0\"></span>023 and Q1 202<span class=\"_ _8\"></span>4.Lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _1da\"> </span><span class=\"ff2\">2022<span class=\"_ _df\"> </span>2021</span>Curr<span class=\"_ _0\"></span>ent Leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _1db\"> </span>Note 2<span class=\"_ _0\"></span>6,29<span class=\"_ _73\"> </span>17,139<span class=\"_ _ca\"> </span> 18,26<span class=\"_ _0\"></span>1 Non-curr<span class=\"_ _0\"></span>ent lease li<span class=\"_ _0\"></span>abilities<span class=\"_ _19e\"> </span>Not<span class=\"_ _8\"></span>e 26,29<span class=\"_ _c4\"> </span>73,536<span class=\"_ _7f\"> </span> 62,342 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1dc\"> </span><span class=\"ls0 ws0\">90,67<span class=\"_ _1\"></span>4<span class=\"_ _48\"> </span> 80,604 </span>At the r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he Group h<span class=\"_ _0\"></span>as lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s as f<span class=\"_ _0\"></span>ollows (undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed)(EUR 1,000)<span class=\"_ _1bf\"> </span><span class=\"ff2\">2022<span class=\"_ _df\"> </span>2021</span>Due within year 1<span class=\"_ _1d1\"> </span>20,751<span class=\"_ _64\"> </span>18,905Due within year 2<span class=\"_ _1dd\"> </span>20,449<span class=\"_ _108\"> </span>14,515Due within year 3<span class=\"_ _1de\"> </span>14,208<span class=\"_ _64\"> </span>15,206Due within year 4<span class=\"_ _f7\"> </span>12,282<span class=\"_ _73\"> </span>8,7<span class=\"_ _0\"></span>00Due within year 5<span class=\"_ _1df\"> </span>10,381<span class=\"_ _19a\"> </span>7,889Due after year 5<span class=\"_ _1e0\"> </span>75,623<span class=\"_ _64\"> </span>41,989To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _149\"> </span><span class=\"ls0 ws0\">153,69<span class=\"_ _8\"></span>4<span class=\"_ _48\"> </span>107,20<span class=\"_ _0\"></span>3</span>Not<span class=\"_ _0\"></span>e 13 - Impairmen<span class=\"_ _0\"></span>t Ukr<span class=\"_ _8\"></span>aineDue t<span class=\"_ _0\"></span>o the war in Uk<span class=\"_ _0\"></span>raine, Elop<span class=\"_ _0\"></span>ak sus<span class=\"_ _0\"></span>pended all activities in R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>a, and r<span class=\"_ _0\"></span>estarted oper<span class=\"_ _8\"></span>ations in Ukr<span class=\"_ _8\"></span>aine af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er a tempor<span class=\"_ _8\"></span>ar<span class=\"_ _a\"></span>y close-down, in Mar<span class=\"_ _8\"></span>ch 2022. Consequen<span class=\"_ _0\"></span>tly<span class=\"_ _8\"></span>, the Gr<span class=\"_ _0\"></span>oup has t<span class=\"_ _8\"></span>est<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets in Ukr<span class=\"_ _8\"></span>aine for imp<span class=\"_ _0\"></span>airment and r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed an impairment lo<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>hrough t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome. Ukr<span class=\"_ _0\"></span>aine is included in t<span class=\"_ _0\"></span>he operatin<span class=\"_ _0\"></span>g segmen<span class=\"_ _0\"></span>t EMEA. T<span class=\"_ _f\"></span>otal impairment of the Uk<span class=\"_ _0\"></span>raine oper<span class=\"_ _8\"></span>ations as per December 3<span class=\"_ _0\"></span>1 amount<span class=\"_ _0\"></span>ed to EUR 7,889 t<span class=\"_ _0\"></span>housand.The impairment lo<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s calcul<span class=\"_ _0\"></span>ated u<span class=\"_ _0\"></span>sing a weight<span class=\"_ _8\"></span>ed aver<span class=\"_ _8\"></span>age of possible s<span class=\"_ _0\"></span>cenario<span class=\"_ _0\"></span>s including continuin<span class=\"_ _0\"></span>g operation<span class=\"_ _0\"></span>s and closing oper<span class=\"_ _8\"></span>ations.The R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an operation i<span class=\"_ _0\"></span>s clas<span class=\"_ _0\"></span>sified as di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ations and all asset<span class=\"_ _0\"></span>s and liabilities r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the R<span class=\"_ _8\"></span>ussian oper<span class=\"_ _8\"></span>ation wer<span class=\"_ _0\"></span>e deconsolid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he Elopak cons<span class=\"_ _0\"></span>olidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements due t<span class=\"_ _0\"></span>o loss of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol on July 15. See  Disc<span class=\"_ _0\"></span>ontinued oper<span class=\"_ _0\"></span>ations.Due t<span class=\"_ _0\"></span>o the cir<span class=\"_ _0\"></span>cums<span class=\"_ _0\"></span>tances in Uk<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aine the impairment <span class=\"_ _0\"></span>asse<span class=\"_ _0\"></span>ssmen<span class=\"_ _0\"></span>t has been upd<span class=\"_ _0\"></span>ated at <span class=\"_ _0\"></span>the end of each quar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>. No defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he oper<span class=\"_ _0\"></span>ations in Ukr<span class=\"_ _8\"></span>aine. After impairmen<span class=\"_ _0\"></span>t, the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t of Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipment i<span class=\"_ _0\"></span>s EUR 3,111 thou<span class=\"_ _0\"></span>sand, while all ot<span class=\"_ _0\"></span>her non-curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e writt<span class=\"_ _0\"></span>en down t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of z<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>o.Eff<span class=\"_ _0\"></span>ect of impairment(EUR 1,000)<span class=\"_ _1e1\"> </span><span class=\"ff2\"> </span>ASSETS<span class=\"_ _1e2\"> </span> December 31, 2022Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _1e3\"> </span><span class=\"lsb ws8c\">-26</span>Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _1e4\"> </span>-1,555Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _1e5\"> </span>-4,155Right-of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s<span class=\"_ _1e6\"> </span>-8T<span class=\"_ _1\"></span>otal non - curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _1e7\"> </span>-5,7<span class=\"_ _1\"></span>44Curren<span class=\"_ _0\"></span>t assetsInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _1e8\"> </span>-1,883T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _1e9\"> </span>-32Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _182\"> </span>-230T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _1ea\"> </span>-2,145T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s<span class=\"_ _1eb\"> </span>-7,889Not<span class=\"_ _0\"></span>e 13 - Impairmen<span class=\"_ _0\"></span>t Ukr<span class=\"_ _8\"></span>aine <span class=\"fc3\">continued</span> Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended (EUR 1,000)December 31 Comprehensiv<span class=\"_ _0\"></span>e income<span class=\"_ _1dc\"> </span>2022 Cost of m<span class=\"_ _0\"></span>aterials<span class=\"_ _1ec\"> </span>2,079Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tisation and imp<span class=\"_ _0\"></span>airment<span class=\"_ _1ed\"> </span>4,189Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _17e\"> </span><span class=\"lsb2 ws1d2\">67</span>Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _1ee\"> </span>6,335Income tax<span class=\"_ _1ef\"> </span>1,554Pr<span class=\"_ _0\"></span>ofit<span class=\"_ _a\"></span>/loss<span class=\"_ _1f0\"> </span>7,889Not<span class=\"_ _0\"></span>e 14 - Other oper<span class=\"_ _8\"></span>ating e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _1f1\"> </span><span class=\"ff2\">2022<span class=\"_ _df\"> </span>2021</span>Sales and adminis<span class=\"_ _0\"></span>tration e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1f2\"> </span>6,908<span class=\"_ _69\"> </span>5,865Occupancy and m<span class=\"_ _0\"></span>ainten<span class=\"_ _0\"></span>ance expense<span class=\"_ _0\"></span>s<span class=\"_ _1f3\"> </span>4,907<span class=\"_ _108\"> </span>4,033T<span class=\"_ _1\"></span>ravel e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1d5\"> </span>8,660<span class=\"_ _13c\"> </span>4,835Los<span class=\"_ _0\"></span>ses and chan<span class=\"_ _0\"></span>ges in allowanc<span class=\"_ _0\"></span>e for bad debt<span class=\"_ _1f4\"> </span><span class=\"ls5a wsaa\">920<span class=\"_ _66\"> </span></span>383Consultant<span class=\"_ _0\"></span>s, auditor<span class=\"_ _0\"></span>s, lawyers, et<span class=\"_ _0\"></span>c<span class=\"_ _1f5\"> </span>17,759<span class=\"_ _ca\"> </span>15,643IT e<span class=\"_ _0\"></span>xpenses<span class=\"_ _f8\"> </span>10,332<span class=\"_ _55\"> </span>11,095Other e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1f6\"> </span>6,271<span class=\"_ _6b\"> </span>5,16<span class=\"_ _0\"></span>9To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2\"> </span> <span class=\"_ _1f7\"> </span><span class=\"ls0 ws0\">55,757<span class=\"_ _84\"> </span>47,023</span>Not<span class=\"_ _0\"></span>e 15 - F<span class=\"_ _0\"></span>ees t<span class=\"_ _8\"></span>o ext<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al auditor<span class=\"_ _8\"></span>sPWC w<span class=\"_ _0\"></span>as elect<span class=\"_ _0\"></span>ed as the principal audit<span class=\"_ _8\"></span>or for 2<span class=\"_ _0\"></span>019, while some Gr<span class=\"_ _0\"></span>oup companie<span class=\"_ _0\"></span>s are audit<span class=\"_ _8\"></span>ed by ot<span class=\"_ _0\"></span>her audit firms.Expens<span class=\"_ _0\"></span>ed fee<span class=\"_ _0\"></span>s (EUR 1,000)<span class=\"_ _1b9\"> </span>Y<span class=\"_ _8\"></span>ear t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e ended December 31, 2022Other ass<span class=\"_ _0\"></span>urance Other non-audit Audit f<span class=\"_ _8\"></span>eeservices<span class=\"_ _f9\"> </span>T<span class=\"_ _1\"></span>ax servicesservices <span class=\"_ _66\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>PWC<span class=\"_ _1f8\"> </span><span class=\"ls0 ws0\"> 840 <span class=\"_ _d2\"> </span> 33 <span class=\"_ _12d\"> </span> 7 <span class=\"_ _1f9\"> </span> 42 <span class=\"_ _ef\"> </span> 922 </span>Others<span class=\"_ _1fa\"> </span> 117 <span class=\"_ _aa\"> </span> 3 <span class=\"_ _c3\"> </span> 118 <span class=\"_ _aa\"> </span> - <span class=\"_ _ef\"> </span> 238 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1fb\"> </span><span class=\"ls0 ws0\"> 957 <span class=\"_ _d2\"> </span> 36 <span class=\"_ _1fc\"> </span> 125 <span class=\"_ _d2\"> </span> 42 <span class=\"_ _da\"> </span> 1,159 </span>Not<span class=\"_ _0\"></span>e 15 - F<span class=\"_ _0\"></span>ees t<span class=\"_ _8\"></span>o ext<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al auditor<span class=\"_ _8\"></span>s <span class=\"fc3\">continued</span>Expens<span class=\"_ _0\"></span>ed fee<span class=\"_ _0\"></span>s (EUR 1,000)<span class=\"_ _1bc\"> </span>Y<span class=\"_ _8\"></span>ear t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e ended December 31, 2021Other ass<span class=\"_ _0\"></span>urance Other non-audit Audit f<span class=\"_ _8\"></span>eeservices<span class=\"_ _f9\"> </span>T<span class=\"_ _1\"></span>ax servicesservices <span class=\"_ _66\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>PWC<span class=\"_ _1fd\"> </span><span class=\"ls0 ws0\"> 716 <span class=\"_ _6f\"> </span><span class=\"ls5 wsd\"> 39<span class=\"_ _a\"></span>6 <span class=\"_ _b1\"> </span></span> 13 <span class=\"_ _1f9\"> </span> 59 <span class=\"_ _109\"> </span> 1,185 </span>Others<span class=\"_ _1fe\"> </span> 172 <span class=\"_ _ac\"> </span> 13 <span class=\"_ _c6\"> </span> 104 <span class=\"_ _aa\"> </span> 3 <span class=\"_ _ef\"> </span> 292 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1ff\"> </span><span class=\"ls0 ws0\"> 888 <span class=\"_ _104\"> </span> 409 <span class=\"_ _71\"> </span> 117 <span class=\"_ _1f9\"> </span><span class=\"ls5a wsaa\"> 62 <span class=\"_ _6b\"> </span></span> 1, 477 </span>Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyA joint v<span class=\"_ _0\"></span>entu<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>s a cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual arran<span class=\"_ _0\"></span>gement wher<span class=\"_ _8\"></span>eby the Gr<span class=\"_ _8\"></span>oup and other parties under<span class=\"_ _a\"></span>tak<span class=\"_ _8\"></span>e an economic activity that i<span class=\"_ _0\"></span>s subject t<span class=\"_ _0\"></span>o joint con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol; that i<span class=\"_ _0\"></span>s when the st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ategic fin<span class=\"_ _0\"></span>ancial and oper<span class=\"_ _0\"></span>ating policy decision<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>elating t<span class=\"_ _8\"></span>o the activities r<span class=\"_ _8\"></span>equire the un<span class=\"_ _0\"></span>animous cons<span class=\"_ _0\"></span>ent of the par<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s sharing c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol.The r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets and liabilities of <span class=\"_ _0\"></span>a joint vent<span class=\"_ _8\"></span>ure compan<span class=\"_ _8\"></span>y are incorpor<span class=\"_ _8\"></span>ated in t<span class=\"_ _0\"></span>hese financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he equity method of accountin<span class=\"_ _0\"></span>g. Under the equity met<span class=\"_ _0\"></span>hod, inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in ass<span class=\"_ _0\"></span>ociate<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e carried in t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement of financial po<span class=\"_ _0\"></span>sition at cos<span class=\"_ _0\"></span>t as adjust<span class=\"_ _8\"></span>ed for po<span class=\"_ _0\"></span>st-acqui<span class=\"_ _0\"></span>sition chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's shar<span class=\"_ _8\"></span>e of the net ass<span class=\"_ _0\"></span>ets of the equity inves<span class=\"_ _0\"></span>tee. The s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>t of compr<span class=\"_ _0\"></span>ehensive income r<span class=\"_ _8\"></span>eflects the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ults of oper<span class=\"_ _0\"></span>ations of the a<span class=\"_ _0\"></span>ssociat<span class=\"_ _8\"></span>e (net af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er tax). An<span class=\"_ _0\"></span>y ex<span class=\"_ _8\"></span>cess of t<span class=\"_ _0\"></span>he cost of acqui<span class=\"_ _0\"></span>sition ov<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup's shar<span class=\"_ _8\"></span>e of the net f<span class=\"_ _8\"></span>air value of the iden<span class=\"_ _0\"></span>tifiable as<span class=\"_ _0\"></span>sets, liabil<span class=\"_ _0\"></span>ities and contin<span class=\"_ _0\"></span>gent li<span class=\"_ _0\"></span>abilities of the joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at the dat<span class=\"_ _8\"></span>e of acquisition is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed as goodwill. The goodwill i<span class=\"_ _0\"></span>s included within the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>tment and is a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssed f<span class=\"_ _8\"></span>or impairment a<span class=\"_ _0\"></span>s par<span class=\"_ _a\"></span>t of the inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ment. After application of t<span class=\"_ _0\"></span>he equity method the Gr<span class=\"_ _0\"></span>oup det<span class=\"_ _0\"></span>ermines whether it i<span class=\"_ _0\"></span>s neces<span class=\"_ _0\"></span>sar<span class=\"_ _a\"></span>y t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>e an additional impair<span class=\"_ _0\"></span>ment on the individual inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s. The Gr<span class=\"_ _0\"></span>oup determine<span class=\"_ _0\"></span>s if ther<span class=\"_ _8\"></span>e are indication<span class=\"_ _0\"></span>s of impairment, and if t<span class=\"_ _0\"></span>his is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e, the Gr<span class=\"_ _8\"></span>oup calculat<span class=\"_ _8\"></span>es the impairmen<span class=\"_ _0\"></span>t loss a<span class=\"_ _0\"></span>s the diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount of the join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e and it's carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g value.Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>The inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in the joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es specified belo<span class=\"_ _0\"></span>w ha<span class=\"_ _0\"></span>ve been accoun<span class=\"_ _0\"></span>ted f<span class=\"_ _8\"></span>or in accor<span class=\"_ _0\"></span>dance with t<span class=\"_ _0\"></span>he equity method of accounting. L<span class=\"_ _0\"></span>ala Elopak S.A. de C.V. i<span class=\"_ _0\"></span>s a car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>oduction plant in Me<span class=\"_ _0\"></span>xico selling c<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons to Americ<span class=\"_ _0\"></span>as. Impr<span class=\"_ _8\"></span>esor<span class=\"_ _0\"></span>a Del Y<span class=\"_ _1\"></span>aque is a carton pr<span class=\"_ _8\"></span>oduction facility in the Dominic<span class=\"_ _0\"></span>an Republic al<span class=\"_ _0\"></span>so sellin<span class=\"_ _0\"></span>g car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons t<span class=\"_ _0\"></span>o Americas. Elop<span class=\"_ _0\"></span>ak Nampak Af<span class=\"_ _8\"></span>rica Limited i<span class=\"_ _0\"></span>s a sale<span class=\"_ _0\"></span>s centr<span class=\"_ _8\"></span>e in K<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ya, e<span class=\"_ _0\"></span>stablis<span class=\"_ _0\"></span>hed in 2020, sellin<span class=\"_ _0\"></span>g cartons t<span class=\"_ _8\"></span>o Africa. The inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ments ar<span class=\"_ _8\"></span>e joint vent<span class=\"_ _8\"></span>ure<span class=\"_ _0\"></span>s becaus<span class=\"_ _0\"></span>e the inve<span class=\"_ _0\"></span>stment partners h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e the same right<span class=\"_ _0\"></span>s and contr<span class=\"_ _8\"></span>ol in the companies.Inve<span class=\"_ _0\"></span>stment i<span class=\"_ _0\"></span>n joint ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es(EUR 1,000)Lala Elopak Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Elopak Nampak 2022S.A. de C.V.Del Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _104\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _16\"></span>l</span>Ownership - and v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e<span class=\"_ _1a0\"> </span>49 %<span class=\"_ _9f\"> </span>51 %<span class=\"_ _104\"> </span>50 %Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _207\"> </span>19,390<span class=\"_ _1cc\"> </span>8,270<span class=\"_ _9f\"> </span>-133<span class=\"_ _da\"> </span>27,527Additions durin<span class=\"_ _0\"></span>g the year<span class=\"_ _c0\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _dc\"> </span>-Disposals<span class=\"_ _208\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-</span>Income f<span class=\"_ _0\"></span>rom joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>e companies<span class=\"_ _8c\"> </span>2,665<span class=\"_ _6f\"> </span>1,824<span class=\"_ _c3\"> </span>-112<span class=\"_ _18b\"> </span>4,3<span class=\"_ _0\"></span>78Dividend rec<span class=\"_ _0\"></span>eived<span class=\"_ _209\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-Rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _0\"></span>o equity<span class=\"_ _20a\"> </span>-14<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _b1\"> </span>-14Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _20b\"> </span>2,16<span class=\"_ _0\"></span>9<span class=\"_ _b1\"> </span><span class=\"lsaf ws1bc\">613<span class=\"_ _20c\"> </span></span>-<span class=\"_ _18b\"> </span>2,7<span class=\"_ _0\"></span>83Carrying amount 31.12<span class=\"_ _170\"> </span>24,210<span class=\"_ _4e\"> </span>10,707<span class=\"_ _18b\"> </span>-244<span class=\"_ _6d\"> </span>34,673(EUR 1,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak 2021de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _d4\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Ownership - and v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e<span class=\"_ _192\"> </span>49 %<span class=\"_ _ef\"> </span>51 %<span class=\"_ _d8\"> </span>50 %Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _200\"> </span>18,822<span class=\"_ _104\"> </span>8,135<span class=\"_ _115\"> </span>-<span class=\"_ _6b\"> </span>26,956Additions durin<span class=\"_ _0\"></span>g the year<span class=\"_ _201\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _202\"> </span>4<span class=\"_ _bc\"> </span>4Disposals<span class=\"_ _203\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _115\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _202\"> </span>-</span>Income f<span class=\"_ _0\"></span>rom joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>e companies<span class=\"_ _204\"> </span>2,588<span class=\"_ _c6\"> </span>1,123<span class=\"_ _9f\"> </span>-137<span class=\"_ _d4\"> </span>3,575Dividend rec<span class=\"_ _0\"></span>eived<span class=\"_ _10d\"> </span>-3,17<span class=\"_ _1\"></span>6<span class=\"_ _77\"> </span>-1,790<span class=\"_ _115\"> </span>-<span class=\"_ _6d\"> </span>-4,965Rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _0\"></span>o equity<span class=\"_ _21\"> </span><span class=\"ls61 wsba\">27<span class=\"_ _115\"> </span></span>-<span class=\"_ _115\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ls61 wsba\">27</span>Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _205\"> </span>1,129<span class=\"_ _1f9\"> </span>801<span class=\"_ _115\"> </span>-<span class=\"_ _d8\"> </span>1,9<span class=\"_ _0\"></span>30Carrying amount 31.12<span class=\"_ _206\"> </span>19,390<span class=\"_ _75\"> </span>8,270<span class=\"_ _e8\"> </span>-133<span class=\"_ _6d\"> </span>27,527Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>Summ<span class=\"_ _0\"></span>arized fin<span class=\"_ _0\"></span>ancial inf<span class=\"_ _8\"></span>ormation(EUR 1,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak 2022de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _104\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _16\"></span>l</span>Re<span class=\"_ _0\"></span>venue<span class=\"_ _20d\"> </span>78,865<span class=\"_ _53\"> </span> 25,471 <span class=\"_ _b1\"> </span>63<span class=\"_ _55\"> </span>104,400Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _20e\"> </span>7,431<span class=\"_ _109\"> </span> 4,36<span class=\"_ _0\"></span>1 <span class=\"_ _1cc\"> </span>-208<span class=\"_ _d4\"> </span>11,584Pr<span class=\"_ _0\"></span>ofit after tax (los<span class=\"_ _0\"></span>s)<span class=\"_ _20f\"> </span>5,440<span class=\"_ _d4\"> </span> 3,577 <span class=\"_ _18b\"> </span>-22<span class=\"_ _8\"></span>4<span class=\"_ _18b\"> </span>8,79<span class=\"_ _8\"></span>4Other compr<span class=\"_ _0\"></span>ehensive income th<span class=\"_ _0\"></span>at may be r<span class=\"_ _0\"></span>eclas<span class=\"_ _0\"></span>sified 4,427<span class=\"_ _109\"> </span> 1,202 <span class=\"_ _bc\"> </span>-<span class=\"_ _109\"> </span>5,630to net incomeT<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income <span class=\"_ _210\"> </span>9,867<span class=\"_ _1af\"> </span> 4,780 <span class=\"_ _104\"> </span>-224<span class=\"_ _77\"> </span>14,423Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>s<span class=\"_ _211\"> </span>40,181<span class=\"_ _66\"> </span>21,572<span class=\"_ _ac\"> </span>188<span class=\"_ _da\"> </span>6<span class=\"_ _0\"></span>1,9<span class=\"_ _8\"></span>40Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _20b\"> </span>15,47<span class=\"_ _8\"></span>6<span class=\"_ _d8\"> </span>3,459<span class=\"_ _1b4\"> </span>1<span class=\"_ _1af\"> </span>18,9<span class=\"_ _8\"></span>36Curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _17a\"> </span>10,495<span class=\"_ _d8\"> </span>3,208<span class=\"_ _a7\"> </span>171<span class=\"_ _66\"> </span>13,87<span class=\"_ _1\"></span>4Non-curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _27\"> </span>2,499<span class=\"_ _115\"> </span>0<span class=\"_ _1f9\"> </span><span class=\"ls2c ws49\">507<span class=\"_ _66\"> </span></span>3,006E<span class=\"_ _0\"></span>quity<span class=\"_ _212\"> </span>42,663<span class=\"_ _1af\"> </span>21,823<span class=\"_ _6f\"> </span>-489<span class=\"_ _53\"> </span>63,997Group's sh<span class=\"_ _0\"></span>are of pr<span class=\"_ _0\"></span>ofit after tax /los<span class=\"_ _0\"></span>s (-)<span class=\"_ _162\"> </span>2,665<span class=\"_ _1cc\"> </span>1,824<span class=\"_ _1cb\"> </span>-112<span class=\"_ _109\"> </span>4,37<span class=\"_ _0\"></span>8(EUR 1,,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak 2021de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _d8\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Re<span class=\"_ _0\"></span>venue<span class=\"_ _35\"> </span>58,996<span class=\"_ _75\"> </span>16,128<span class=\"_ _115\"> </span>-<span class=\"_ _da\"> </span>75,123Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _213\"> </span>6,834<span class=\"_ _d4\"> </span>2,602<span class=\"_ _c6\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _2\"> </span>2<span class=\"_ _16\"></span>74<span class=\"_ _9f\"> </span></span>9,161Pr<span class=\"_ _0\"></span>ofit after tax (los<span class=\"_ _0\"></span>s)<span class=\"_ _214\"> </span>5,282<span class=\"_ _d4\"> </span>2,203<span class=\"_ _c6\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _2\"> </span>2<span class=\"_ _16\"></span>74<span class=\"_ _71\"> </span></span>7,211Other compr<span class=\"_ _0\"></span>ehensive income th<span class=\"_ _0\"></span>at may be r<span class=\"_ _0\"></span>eclassified 2,303<span class=\"_ _1fc\"> </span>1,571<span class=\"_ _115\"> </span>-<span class=\"_ _e7\"> </span>3,87<span class=\"_ _8\"></span>4to net incomeT<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income <span class=\"_ _215\"> </span>7,586<span class=\"_ _1cc\"> </span>3,773<span class=\"_ _1fc\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _16\"></span>2<span class=\"_ _2\"> </span>74<span class=\"_ _66\"> </span></span>11,085Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>s<span class=\"_ _20e\"> </span>33,055<span class=\"_ _8e\"> </span>14,624<span class=\"_ _d2\"> </span>106<span class=\"_ _163\"> </span>47,785Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _16e\"> </span>12,90<span class=\"_ _0\"></span>7<span class=\"_ _e8\"> </span>3,617<span class=\"_ _dc\"> </span>1<span class=\"_ _77\"> </span>16,524Curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _216\"> </span>9,750<span class=\"_ _d4\"> </span>2,025<span class=\"_ _217\"> </span>112<span class=\"_ _75\"> </span>11,888Non-curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _218\"> </span>2,109<span class=\"_ _115\"> </span>-<span class=\"_ _b5\"> </span><span class=\"lsb ws8c\">260<span class=\"_ _d8\"> </span></span>2,36<span class=\"_ _0\"></span>9E<span class=\"_ _0\"></span>quity<span class=\"_ _14e\"> </span>34,102<span class=\"_ _75\"> </span>16,216<span class=\"_ _6f\"> </span>-265<span class=\"_ _62\"> </span>50,053Group's sh<span class=\"_ _0\"></span>are of pr<span class=\"_ _0\"></span>ofit after tax /los<span class=\"_ _0\"></span>s (-)<span class=\"_ _8f\"> </span><span class=\"ls0\">2,588<span class=\"_ _104\"> </span>1,123<span class=\"_ _c6\"> </span>-137<span class=\"_ _66\"> </span>3,575</span>Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>V<span class=\"_ _8\"></span>oting share(Ownership/v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e)<span class=\"_ _219\"> </span><span class=\"ff2\">2022<span class=\"_ _df\"> </span>2021</span>49 %<span class=\"_ _12d\"> </span>49 %Lala Elopak S.A. de C.V.<span class=\"_ _10f\"> </span>49 %<span class=\"_ _7a\"> </span>49 %Impre<span class=\"_ _0\"></span>sora Del Y<span class=\"_ _1\"></span>aque<span class=\"_ _59\"> </span>51 %<span class=\"_ _4e\"> </span>51 %Elopak Nampak Af<span class=\"_ _8\"></span>rica Limited<span class=\"_ _21a\"> </span>50 %<span class=\"_ _62\"> </span>50 %Not<span class=\"_ _0\"></span>e 17 - Specification of fin<span class=\"_ _0\"></span>ancial income a<span class=\"_ _0\"></span>nd expen<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s Fina<span class=\"_ _0\"></span>ncial income<span class=\"_ _21b\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _21c\"> </span><span class=\"ff2\"> 2022 <span class=\"_ _155\"> </span> 2021 </span>Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t income fr<span class=\"_ _0\"></span>om bank deposits<span class=\"_ _21d\"> </span><span class=\"lsb9 ws205\">782<span class=\"_ _66\"> </span></span>560Other int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st income<span class=\"_ _21e\"> </span>8,459<span class=\"_ _77\"> </span>-2<span class=\"_ _0\"></span>41Finance lea<span class=\"_ _0\"></span>se inter<span class=\"_ _8\"></span>est income<span class=\"_ _76\"> </span>6<span class=\"_ _a\"></span>37<span class=\"_ _104\"> </span><span class=\"ls3 wsc8\">831</span>Other financial inc<span class=\"_ _0\"></span>ome<span class=\"_ _21f\"> </span>428<span class=\"_ _66\"> </span><span class=\"ls7d ws110\">8<span class=\"_ _a\"></span>96</span>To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1dc\"> </span><span class=\"ls0 ws0\">10,305<span class=\"_ _155\"> </span>2,046</span>Other Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st Income In 2022 Include<span class=\"_ _0\"></span>s gain f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate deriv<span class=\"_ _0\"></span>atives of EUR 8.3<span class=\"_ _8\"></span>99 thou<span class=\"ws0\">-</span>sand. In 2021 t<span class=\"_ _0\"></span>hese g<span class=\"_ _0\"></span>ains wer<span class=\"_ _0\"></span>e EUR 1.404 thou<span class=\"_ _0\"></span>sand, r<span class=\"_ _0\"></span>educing Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s to fin<span class=\"_ _0\"></span>ancial Instit<span class=\"_ _0\"></span>utions.Fina<span class=\"_ _0\"></span>ncial expen<span class=\"_ _0\"></span>ses<span class=\"_ _220\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _21c\"> </span><span class=\"ff2\"> 2022 <span class=\"_ _155\"> </span> 2021 </span>Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _80\"> </span>5,658<span class=\"_ _6b\"> </span>1,553Other int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st expens<span class=\"_ _0\"></span>es<span class=\"_ _21e\"> </span>347<span class=\"_ _109\"> </span>-59Leas<span class=\"_ _0\"></span>e liability inter<span class=\"_ _0\"></span>est<span class=\"_ _221\"> </span>4,575<span class=\"_ _7a\"> </span>4,138Other financial e<span class=\"_ _8\"></span>xpenses<span class=\"_ _222\"> </span>2,453<span class=\"_ _108\"> </span>4,029To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _223\"> </span><span class=\"ls0 ws0\">13,033<span class=\"_ _155\"> </span>9,660</span>Not<span class=\"_ _0\"></span>e 18 - Income taxIncome tax e<span class=\"_ _8\"></span>xpense(EUR 1,000)<span class=\"_ _224\"> </span><span class=\"ff2\">2022<span class=\"_ _ef\"> </span>2021</span>Curren<span class=\"_ _0\"></span>t income taxCurr<span class=\"_ _0\"></span>ent income tax char<span class=\"_ _0\"></span>ge<span class=\"_ _21a\"> </span>13,214<span class=\"_ _109\"> </span>13,251Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of curr<span class=\"_ _0\"></span>ent income tax of pr<span class=\"_ _0\"></span>evious year <span class=\"_ _225\"> </span>-2,583<span class=\"_ _1fc\"> </span>-237Withholding tax<span class=\"_ _226\"> </span>2,337<span class=\"_ _6f\"> </span>1,625T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t income tax<span class=\"_ _21a\"> </span>12,968<span class=\"_ _df\"> </span>14,639Defer<span class=\"_ _0\"></span>red tax Rel<span class=\"_ _0\"></span>ating to origin<span class=\"_ _0\"></span>ation and rev<span class=\"_ _0\"></span>ersal of t<span class=\"_ _0\"></span>emporary differ<span class=\"_ _0\"></span>ences<span class=\"_ _16e\"> </span>-1,2<span class=\"_ _0\"></span>43<span class=\"_ _104\"> </span>1,340Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of chan<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o tax rat<span class=\"_ _0\"></span>e and deferr<span class=\"_ _8\"></span>ed tax of previous ye<span class=\"_ _0\"></span>ar<span class=\"_ _227\"> </span>463<span class=\"_ _11b\"> </span>-691T<span class=\"_ _1\"></span>otal deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _11f\"> </span>-7<span class=\"_ _0\"></span>80<span class=\"_ _c3\"> </span>649Income tax e<span class=\"_ _0\"></span>xpense r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ted i<span class=\"_ _0\"></span>n the stat<span class=\"_ _0\"></span>ement of profit or lo<span class=\"_ _0\"></span>ss<span class=\"_ _136\"> </span><span class=\"ls0\">12,188<span class=\"_ _53\"> </span>15,288</span>P<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able tax(EUR 1,000)<span class=\"_ _224\"> </span><span class=\"ff2\">2022<span class=\"_ _ef\"> </span>2021</span>Pa<span class=\"_ _0\"></span>yable tax opening b<span class=\"_ _0\"></span>alance<span class=\"_ _11c\"> </span>-2,616<span class=\"_ _d2\"> </span>482Curr<span class=\"_ _0\"></span>ent income tax<span class=\"_ _228\"> </span>12,968<span class=\"_ _da\"> </span>15,485T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>anslation<span class=\"_ _7d\"> </span>102<span class=\"_ _1f9\"> </span>538Net tax paid<span class=\"_ _1d3\"> </span>-13,638<span class=\"_ _4e\"> </span>-19,122Pa<span class=\"_ _0\"></span>yable tax clo<span class=\"_ _0\"></span>sing bala<span class=\"_ _0\"></span>nce<span class=\"_ _229\"> </span>-3,185<span class=\"_ _163\"> </span>-2,616Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>econciliation of tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e(EUR 1,000)<span class=\"_ _224\"> </span><span class=\"ff2\">2022<span class=\"_ _ef\"> </span>2021</span>Accountin<span class=\"_ _0\"></span>g profit bef<span class=\"_ _0\"></span>ore inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _22a\"> </span>46,407<span class=\"_ _4e\"> </span>45,5591)Expected tax at s<span class=\"_ _0\"></span>tatut<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y tax r<span class=\"_ _0\"></span>ate 11,138<span class=\"_ _77\"> </span>10,9<span class=\"_ _8\"></span>34Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of diff<span class=\"_ _0\"></span>erent loc<span class=\"_ _0\"></span>al tax rat<span class=\"_ _0\"></span>es<span class=\"_ _17f\"> </span>1,300<span class=\"_ _ef\"> </span>1,957Non-taxable income/<span class=\"_ _8\"></span>expen<span class=\"_ _0\"></span>ses<span class=\"_ _21a\"> </span> - <span class=\"_ _94\"> </span> - Shar<span class=\"_ _0\"></span>e of re<span class=\"_ _0\"></span>sults of joint ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es<span class=\"_ _22b\"> </span> -1,051 <span class=\"_ _75\"> </span> -858 Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of curr<span class=\"_ _0\"></span>ent income tax of pr<span class=\"_ _0\"></span>evious year<span class=\"_ _0\"></span>s <span class=\"_ _1fb\"> </span> -2,336 <span class=\"_ _66\"> </span> -223 Withholding tax, non-r<span class=\"_ _8\"></span>efundable<span class=\"_ _bb\"> </span> 2,337 <span class=\"_ _1af\"> </span> 1,625 Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of chan<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o tax rat<span class=\"_ _0\"></span>es and r<span class=\"_ _0\"></span>egulations<span class=\"_ _214\"> </span>564<span class=\"_ _ef\"> </span>-706Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation effect<span class=\"_ _0\"></span>s <span class=\"_ _22c\"> </span>-2,233<span class=\"_ _9f\"> </span>1,6<span class=\"_ _0\"></span>91Other diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s<span class=\"_ _4d\"> </span>2,468<span class=\"_ _a4\"> </span><span class=\"lsb2 ws1d2\">867</span>Income tax e<span class=\"_ _0\"></span>xpense at eff<span class=\"_ _0\"></span>ective income tax r<span class=\"_ _0\"></span>ate<span class=\"_ _22d\"> </span>12,188<span class=\"_ _53\"> </span>15,288Effectiv<span class=\"_ _0\"></span>e income tax r<span class=\"_ _0\"></span>ate<span class=\"_ _b2\"> </span>26.3 %<span class=\"_ _7a\"> </span>33.6 %1) The expect<span class=\"_ _0\"></span>ed tax at stat<span class=\"_ _0\"></span>utory tax rat<span class=\"_ _0\"></span>e of 24% (2<span class=\"_ _8\"></span>4% in 2021) is bas<span class=\"_ _0\"></span>ed on an estimat<span class=\"_ _0\"></span>e of where t<span class=\"_ _0\"></span>he Group tax<span class=\"_ _0\"></span>es its pr<span class=\"_ _8\"></span>ofits and the corre<span class=\"ws0\">-</span>sponding applic<span class=\"_ _0\"></span>able tax rat<span class=\"_ _0\"></span>es Chan<span class=\"_ _0\"></span>ge in def<span class=\"_ _8\"></span>erred tax on it<span class=\"_ _8\"></span>ems in Other Compr<span class=\"_ _0\"></span>ehensive Income/E<span class=\"_ _8\"></span>quity(EUR 1,000)<span class=\"_ _224\"> </span><span class=\"ff2\">2022<span class=\"_ _ef\"> </span>2021</span>Reme<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ement gain/loss on act<span class=\"_ _0\"></span>uarial gains and loss<span class=\"_ _0\"></span>es<span class=\"_ _a1\"> </span><span class=\"lsb ws8c\">266<span class=\"_ _aa\"> </span></span>38Cash flow hedgin<span class=\"_ _0\"></span>g<span class=\"_ _21f\"> </span>-1,957<span class=\"_ _9f\"> </span>1,192E<span class=\"_ _0\"></span>quity transaction<span class=\"_ _0\"></span>s<span class=\"_ _21f\"> </span>-330<span class=\"_ _c6\"> </span>-522Chan<span class=\"_ _0\"></span>ge in deferr<span class=\"_ _8\"></span>ed tax on items in Other Compr<span class=\"_ _0\"></span>ehensive Income/E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y<span class=\"_ _22e\"> </span>-2,020<span class=\"_ _c3\"> </span><span class=\"ls5 wsd\">70<span class=\"_ _a\"></span>9</span>Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax(EUR 1,000)<span class=\"_ _224\"> </span><span class=\"ff2\">2022<span class=\"_ _ef\"> </span>2021</span>Re<span class=\"_ _0\"></span>valuation of invent<span class=\"_ _0\"></span>ories<span class=\"_ _f3\"> </span>13,564<span class=\"_ _e7\"> </span>11,431Pa<span class=\"_ _0\"></span>yables/<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>eivables<span class=\"_ _4f\"> </span>13,977<span class=\"_ _66\"> </span>18,341Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _10f\"> </span>-10,13<span class=\"_ _0\"></span>1<span class=\"_ _8e\"> </span>-8,258Fixed a<span class=\"_ _0\"></span>ssets depr<span class=\"_ _0\"></span>eciations<span class=\"_ _22f\"> </span>-8,592<span class=\"_ _163\"> </span>-7,649Liquid asset<span class=\"_ _0\"></span>s<span class=\"_ _230\"> </span>-14,302<span class=\"_ _73\"> </span>-13,090Los<span class=\"_ _0\"></span>ses av<span class=\"_ _0\"></span>ailable for off<span class=\"_ _8\"></span>setting against f<span class=\"_ _0\"></span>utur<span class=\"_ _0\"></span>e taxable income<span class=\"_ _21\"> </span>9,101<span class=\"_ _d8\"> </span>5,468Other diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s <span class=\"_ _231\"> </span>1,557<span class=\"_ _104\"> </span>3,910T<span class=\"_ _1\"></span>otal deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _56\"> </span>5,17<span class=\"_ _8\"></span>4<span class=\"_ _163\"> </span>10,153Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _232\"> </span>22,414<span class=\"_ _8e\"> </span>21,640Defer<span class=\"_ _0\"></span>red tax liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _219\"> </span>17,240<span class=\"_ _d4\"> </span>11,488Net defer<span class=\"_ _0\"></span>red ass<span class=\"_ _0\"></span>ets/liabilities<span class=\"_ _10e\"> </span>5,17<span class=\"_ _1\"></span>4<span class=\"_ _163\"> </span>10,153Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e evaluat<span class=\"_ _0\"></span>ed at each balance sheet d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _8\"></span>o the e<span class=\"_ _0\"></span>xten<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at it is pr<span class=\"_ _8\"></span>obable that s<span class=\"_ _0\"></span>ufficient taxable pr<span class=\"_ _0\"></span>ofit will be av<span class=\"_ _0\"></span>ailable t<span class=\"_ _0\"></span>o allow the benefit of p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>t or all of th<span class=\"_ _0\"></span>at def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax ass<span class=\"_ _0\"></span>et to be utiliz<span class=\"_ _8\"></span>ed.Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at the tax r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e expect<span class=\"_ _8\"></span>ed to apply in the period when t<span class=\"_ _0\"></span>he liability shall be sett<span class=\"_ _0\"></span>led or the as<span class=\"_ _0\"></span>set t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>ealized, ba<span class=\"_ _0\"></span>sed on tax r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s and la<span class=\"_ _0\"></span>ws th<span class=\"_ _0\"></span>at hav<span class=\"_ _0\"></span>e been enact<span class=\"_ _8\"></span>ed or substan<span class=\"_ _0\"></span>tively enact<span class=\"_ _8\"></span>ed at the balance s<span class=\"_ _0\"></span>heet dat<span class=\"_ _0\"></span>e.Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>econciliation of tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e(EUR 1,000)After 2025<span class=\"_ _52\"> </span>Indefinit<span class=\"_ _0\"></span>e<span class=\"_ _108\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>United St<span class=\"_ _0\"></span>ates<span class=\"_ _233\"> </span>-<span class=\"_ _ac\"> </span>816 <span class=\"_ _d2\"> </span>816 United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _21b\"> </span> - <span class=\"_ _73\"> </span> 10,328 <span class=\"_ _69\"> </span> 10,328 India<span class=\"_ _1e3\"> </span>871 <span class=\"_ _94\"> </span> - <span class=\"_ _a0\"> </span>871 Norway<span class=\"_ _234\"> </span> - <span class=\"_ _108\"> </span> 27,646 <span class=\"_ _73\"> </span> 27,646 Other<span class=\"_ _235\"> </span> - <span class=\"_ _71\"> </span><span class=\"ls2c ws49\">87<span class=\"_ _a\"></span>9 <span class=\"_ _71\"> </span>879<span class=\"_ _a\"></span> </span>To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _4a\"> </span>871<span class=\"_ _6b\"> </span>39<span class=\"_ _a\"></span>,<span class=\"_ _a\"></span>670<span class=\"_ _df\"> </span><span class=\"ls0 ws0\">40,541</span>Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>T<span class=\"_ _1\"></span>ax los<span class=\"_ _0\"></span>ses c<span class=\"_ _0\"></span>arried f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>d of EUR 18,161 t<span class=\"_ _0\"></span>housand ar<span class=\"_ _8\"></span>e not rec<span class=\"_ _0\"></span>ognized a<span class=\"_ _0\"></span>s a basi<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or calcul<span class=\"_ _0\"></span>ating unus<span class=\"_ _0\"></span>ed tax loss<span class=\"_ _0\"></span>es car<span class=\"_ _0\"></span>ried forwar<span class=\"_ _8\"></span>d in net deferr<span class=\"_ _8\"></span>ed asset<span class=\"_ _0\"></span>s/liabilities. The amount no<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ognized is m<span class=\"_ _0\"></span>ainly r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he Unit<span class=\"_ _0\"></span>ed Kingdom.In tax dis<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>es, the Gr<span class=\"_ _8\"></span>oup accounts f<span class=\"_ _8\"></span>or tax costs ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o decisions m<span class=\"_ _0\"></span>ade by local t<span class=\"_ _0\"></span>ax authoritie<span class=\"_ _0\"></span>s, or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se, or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. A dividend dis<span class=\"_ _0\"></span>tribution f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om Elopak Sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s AG t<span class=\"_ _8\"></span>o Elopak ASA, f<span class=\"_ _0\"></span>ormerly Elopak AS, in 2011 and 2014 wa<span class=\"_ _0\"></span>s deemed to be t<span class=\"_ _0\"></span>axable income f<span class=\"_ _0\"></span>or Elopak ASA in a decision b<span class=\"_ _0\"></span>y Nor<span class=\"_ _a\"></span>wegian t<span class=\"_ _0\"></span>ax office in 2017. The f<span class=\"_ _0\"></span>ull tax co<span class=\"_ _0\"></span>st of NOK 6<span class=\"_ _8\"></span>9,600 thousand w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and paid in accor<span class=\"_ _8\"></span>dance with the rulin<span class=\"_ _0\"></span>g at th<span class=\"_ _0\"></span>at time. A subs<span class=\"_ _0\"></span>equent appeal t<span class=\"_ _0\"></span>o the tax t<span class=\"_ _0\"></span>ribunal r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulted in a r<span class=\"_ _0\"></span>uling on June 16, 2021 supporting the 2017 c<span class=\"_ _0\"></span>onclusion f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the tax office. The comp<span class=\"_ _0\"></span>any doe<span class=\"_ _0\"></span>s not agr<span class=\"_ _8\"></span>ee with the rulin<span class=\"_ _0\"></span>g and ha<span class=\"_ _0\"></span>s initiat<span class=\"_ _0\"></span>ed an appeal thr<span class=\"_ _0\"></span>ough the courts in Nor<span class=\"_ _a\"></span>wa<span class=\"_ _0\"></span>y.Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>er pricing adjust<span class=\"_ _0\"></span>ments h<span class=\"_ _0\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>e (MAP) between the a<span class=\"_ _0\"></span>ffect<span class=\"_ _8\"></span>ed countries ar<span class=\"_ _8\"></span>e normally a<span class=\"_ _0\"></span>vailable. A s<span class=\"_ _0\"></span>ucces<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>ul MAP proc<span class=\"_ _0\"></span>edure a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a Gr<span class=\"_ _0\"></span>oup compan<span class=\"_ _0\"></span>y<span class=\"_ _8\"></span>, thus r<span class=\"_ _0\"></span>emovin<span class=\"_ _0\"></span>g the tax co<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>or the Gr<span class=\"_ _0\"></span>oup. Wher<span class=\"_ _8\"></span>e a MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s is av<span class=\"_ _0\"></span>ailable, the Gr<span class=\"_ _8\"></span>oup reco<span class=\"_ _0\"></span>gnize<span class=\"_ _0\"></span>s tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the out<span class=\"_ _0\"></span>come of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do not a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ee, tax pay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>ave the right t<span class=\"_ _8\"></span>o demand arbitr<span class=\"_ _8\"></span>ation.Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ationsOn 15 July 2022 Elopak and P<span class=\"_ _8\"></span>ackaging M<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t and Inves<span class=\"_ _0\"></span>ting LL<span class=\"_ _8\"></span>C, a compan<span class=\"_ _0\"></span>y beneficially owned by m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement of JSC Elopak, h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eached an agr<span class=\"_ _0\"></span>eement (the \u201c<span class=\"_ _0\"></span>SP<span class=\"_ _1\"></span>A<span class=\"_ _8\"></span>\u201d) f<span class=\"_ _0\"></span>or the sale and pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se of all of Elopak\u2019<span class=\"_ _f\"></span>s shar<span class=\"_ _0\"></span>es in JS<span class=\"_ _0\"></span>C Elopak. This r<span class=\"_ _8\"></span>epre<span class=\"_ _0\"></span>sents a f<span class=\"_ _8\"></span>ull divest<span class=\"_ _0\"></span>ment by Elopak f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om its e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g R<span class=\"_ _0\"></span>ussian oper<span class=\"_ _8\"></span>ations.T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er of shar<span class=\"_ _8\"></span>es in JSC Elopak will t<span class=\"_ _0\"></span>ake pl<span class=\"_ _0\"></span>ace under completion of the t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>saction after appr<span class=\"_ _0\"></span>oval f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om the R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an Governmen<span class=\"_ _0\"></span>t. Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, the ter<span class=\"_ _0\"></span>ms of the SP<span class=\"_ _1\"></span>A implies t<span class=\"_ _0\"></span>hat Elopak lost c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol of JSC Elopak on the dat<span class=\"_ _8\"></span>e it was signed, hence t<span class=\"_ _0\"></span>he entity is no long<span class=\"_ _0\"></span>er consoli<span class=\"ws0\">-</span>dat<span class=\"_ _8\"></span>ed in the Elopak Gr<span class=\"_ _0\"></span>oup Financial s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>ts. F<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g fr<span class=\"_ _8\"></span>om deconsolid<span class=\"_ _0\"></span>ation, the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s of JSC Elopak ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnized at f<span class=\"_ _8\"></span>air value meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed as the net pr<span class=\"_ _8\"></span>esent v<span class=\"_ _0\"></span>alue of the agr<span class=\"_ _8\"></span>eed pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price, adjus<span class=\"_ _0\"></span>ted f<span class=\"_ _8\"></span>or risk<span class=\"_ _0\"></span>s of not r<span class=\"_ _0\"></span>eceiving t<span class=\"_ _0\"></span>he payment<span class=\"_ _0\"></span>s. The pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price is pa<span class=\"_ _0\"></span>yable in five annual ins<span class=\"_ _0\"></span>talments, t<span class=\"_ _0\"></span>he firs<span class=\"_ _0\"></span>t of which becomes due shortly af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er completion of the tr<span class=\"_ _8\"></span>ansaction. In addition t<span class=\"_ _0\"></span>o the pay<span class=\"_ _0\"></span>ments, Elopak h<span class=\"_ _0\"></span>as the op<span class=\"_ _0\"></span>tion to buy back t<span class=\"_ _0\"></span>he shar<span class=\"_ _8\"></span>es of JSC Elopak. The pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price in the buy-b<span class=\"_ _0\"></span>ack option will be the price in t<span class=\"_ _0\"></span>he SP<span class=\"_ _1\"></span>A adjust<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or inflation, inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ments, cape<span class=\"_ _8\"></span>x, working c<span class=\"_ _0\"></span>apital and net debt in the int<span class=\"_ _8\"></span>ermediate period, and Elopak is t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e not expo<span class=\"_ _0\"></span>sed f<span class=\"_ _8\"></span>or variable r<span class=\"_ _0\"></span>eturn<span class=\"_ _0\"></span>s in this period. As of Dec<span class=\"_ _0\"></span>ember 2022, the buy-back option i<span class=\"_ _0\"></span>s consider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o hav<span class=\"_ _0\"></span>e a f<span class=\"_ _0\"></span>air value clo<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>o zer<span class=\"_ _8\"></span>o. As per December 31, 2<span class=\"_ _0\"></span>022 the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in JSC Elop<span class=\"_ _0\"></span>ak are me<span class=\"_ _0\"></span>asur<span class=\"_ _8\"></span>ed at EUR 4,829 thousand and t<span class=\"_ _0\"></span>he nominal value of t<span class=\"_ _0\"></span>he agr<span class=\"_ _8\"></span>eed purch<span class=\"_ _0\"></span>ase price i<span class=\"_ _0\"></span>s EUR 12,534 thou<span class=\"_ _0\"></span>sand (R<span class=\"_ _0\"></span>UR 9<span class=\"_ _1\"></span>48,339 t<span class=\"_ _0\"></span>housand).The compar<span class=\"_ _8\"></span>ative consolid<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement of compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome profit or <span class=\"_ _0\"></span>loss wit<span class=\"_ _0\"></span>h note<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve been r<span class=\"_ _8\"></span>e-pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o show the di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ation separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om continuing oper<span class=\"_ _0\"></span>ations. Until all activitie<span class=\"_ _0\"></span>s in Ru<span class=\"_ _0\"></span>ssia wer<span class=\"_ _8\"></span>e suspended in M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2022, the R<span class=\"_ _8\"></span>ussian entity pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>sed r<span class=\"_ _0\"></span>aw m<span class=\"_ _0\"></span>aterial<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om other entitie<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oup, as well a<span class=\"_ _0\"></span>s gener<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>ome minor r<span class=\"_ _0\"></span>evenue. Alt<span class=\"_ _0\"></span>hough intr<span class=\"_ _0\"></span>a-gr<span class=\"_ _8\"></span>oup tran<span class=\"_ _0\"></span>sactions h<span class=\"_ _0\"></span>ave been f<span class=\"_ _8\"></span>ully eliminat<span class=\"_ _0\"></span>ed in the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements, m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t has elect<span class=\"_ _8\"></span>ed to attribut<span class=\"_ _8\"></span>e the elimination of tr<span class=\"_ _8\"></span>ansactions between the c<span class=\"_ _0\"></span>ontinued and dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ation to t<span class=\"_ _0\"></span>he continuin<span class=\"_ _0\"></span>g operation. Thi<span class=\"_ _0\"></span>s is t<span class=\"_ _8\"></span>o r<span class=\"_ _0\"></span>eflect th<span class=\"_ _0\"></span>at the Gr<span class=\"_ _0\"></span>oup does not in<span class=\"_ _0\"></span>tend t<span class=\"_ _8\"></span>o continue similar tr<span class=\"_ _8\"></span>ansactions with R<span class=\"_ _8\"></span>ussia, s<span class=\"_ _0\"></span>ubse<span class=\"ws0\">-</span>quent t<span class=\"_ _0\"></span>o the di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al.Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ations <span class=\"fc3\">continued</span>As per dat<span class=\"_ _8\"></span>e of loss of cont<span class=\"_ _0\"></span>rol, t<span class=\"_ _8\"></span>otal impairment in 2<span class=\"_ _0\"></span>022 rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to JS<span class=\"_ _0\"></span>C Elopak was EUR 2<span class=\"_ _0\"></span>0,282 thou<span class=\"_ _0\"></span>sand eff<span class=\"_ _0\"></span>ecting the fin<span class=\"_ _0\"></span>ancial position and EUR 9,2<span class=\"_ _0\"></span>01 thous<span class=\"_ _0\"></span>and eff<span class=\"_ _0\"></span>ecting compr<span class=\"_ _8\"></span>ehensive income, the diff<span class=\"_ _8\"></span>erenc<span class=\"_ _0\"></span>e is due t<span class=\"_ _0\"></span>o fx varianc<span class=\"_ _0\"></span>es. L<span class=\"_ _0\"></span>oss on s<span class=\"_ _0\"></span>ale of discon<span class=\"_ _0\"></span>tinued operation<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>eflects accumul<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>slation diff<span class=\"_ _8\"></span>erence<span class=\"_ _0\"></span>s of EUR -7,086 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>ecycled f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om equity to pr<span class=\"_ _8\"></span>ofit or los<span class=\"_ _0\"></span>s and the net of decons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed equity<span class=\"_ _0\"></span>, r<span class=\"_ _0\"></span>edemption of loans f<span class=\"_ _8\"></span>rom con<span class=\"_ _0\"></span>tinuing oper<span class=\"_ _8\"></span>ations to dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ations and f<span class=\"_ _8\"></span>air value of the JSC Elopak s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es. The f<span class=\"_ _8\"></span>air value of JSC Elopak shar<span class=\"_ _8\"></span>es i<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s Other curr<span class=\"_ _8\"></span>ent as<span class=\"_ _0\"></span>sets in t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of fin<span class=\"_ _0\"></span>ancial position.In December<span class=\"_ _8\"></span>, 2022 the buy<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>eceived an inf<span class=\"_ _8\"></span>ormal appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>al fr<span class=\"_ _8\"></span>om the R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an Governmen<span class=\"_ _0\"></span>t and the tr<span class=\"_ _8\"></span>ansaction wa<span class=\"_ _0\"></span>s complet<span class=\"_ _0\"></span>ed in F<span class=\"_ _0\"></span>ebruar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span>, 2023. See not<span class=\"_ _8\"></span>e 33 Subsequent e<span class=\"_ _0\"></span>vents f<span class=\"_ _8\"></span>or f<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>ther inf<span class=\"_ _8\"></span>ormation.Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ations <span class=\"fc3\">continued</span>Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ationY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended <span class=\"_ _1b\"></span> Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31 December 31(EUR 1,000)<span class=\"_ _236\"> </span><span class=\"ff10\">2022<span class=\"_ _159\"> </span>2021</span>Re<span class=\"_ _0\"></span>venues<span class=\"_ _1e3\"> </span>18,184<span class=\"_ _13e\"> </span>84,984T<span class=\"_ _1\"></span>otal income<span class=\"_ _22f\"> </span>18,184<span class=\"_ _237\"> </span>84,984Cost of m<span class=\"_ _0\"></span>aterials <span class=\"_ _de\"> </span>-15,197<span class=\"_ _238\"> </span>-6<span class=\"_ _0\"></span>9,789Pa<span class=\"_ _0\"></span>yroll e<span class=\"_ _0\"></span>xpenses<span class=\"_ _233\"> </span>-2,3<span class=\"_ _0\"></span>11<span class=\"_ _239\"> </span>-4,864Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tisation and imp<span class=\"_ _0\"></span>airment<span class=\"_ _20e\"> </span>-9,921<span class=\"_ _23a\"> </span>-2,354Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _23b\"> </span>-1,034<span class=\"_ _23c\"> </span>-3,125T<span class=\"_ _1\"></span>otal operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es<span class=\"_ _1f4\"> </span>-28,463<span class=\"_ _23d\"> </span>-80,132Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _23e\"> </span>-10,27<span class=\"_ _0\"></span>8<span class=\"_ _1d7\"> </span>4,852Net financial income <span class=\"_ _220\"> </span>-2,452<span class=\"_ _159\"> </span>-429Pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _0\"></span>e tax<span class=\"_ _21b\"> </span>-12,7<span class=\"_ _0\"></span>30<span class=\"_ _95\"> </span>4,423Income tax<span class=\"_ _23f\"> </span><span class=\"ls7d ws110\">-7<span class=\"_ _a\"></span>97<span class=\"_ _db\"> </span></span>-885Re<span class=\"_ _0\"></span>sults f<span class=\"_ _0\"></span>rom dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ations, net of tax<span class=\"_ _170\"> </span>-13,527<span class=\"_ _95\"> </span>3,538Los<span class=\"_ _0\"></span>s on sale of discon<span class=\"_ _0\"></span>tinued operations <span class=\"_ _240\"> </span>-10,095<span class=\"_ _241\"> </span>-Income tax on gain on salePr<span class=\"_ _0\"></span>ofit<span class=\"_ _a\"></span>/loss f<span class=\"_ _0\"></span>rom di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _0\"></span>ations<span class=\"_ _188\"> </span>-23,622<span class=\"_ _1d7\"> </span>3,538Net cash flow f<span class=\"_ _8\"></span>rom oper<span class=\"_ _0\"></span>ating activities<span class=\"_ _178\"> </span><span class=\"ls0\"> 1,834 <span class=\"_ _242\"> </span>15,03<span class=\"_ _0\"></span>9</span>Net cash flow f<span class=\"_ _8\"></span>rom inves<span class=\"_ _0\"></span>ting activities<span class=\"_ _dd\"> </span><span class=\"ls0\"> - <span class=\"_ _13e\"> </span>-1,470</span>Net cash flow f<span class=\"_ _8\"></span>rom financin<span class=\"_ _0\"></span>g activities<span class=\"_ _243\"> </span><span class=\"ls0\">-186<span class=\"_ _23c\"> </span>-6,821</span>F<span class=\"_ _0\"></span>oreign cur<span class=\"_ _0\"></span>rency tr<span class=\"_ _0\"></span>anslations<span class=\"_ _244\"> </span>635<span class=\"_ _1b8\"> </span><span class=\"ls8d ws14c\">109</span>Net chan<span class=\"_ _0\"></span>ge in cash and c<span class=\"_ _0\"></span>ash equivalen<span class=\"_ _0\"></span>ts<span class=\"_ _97\"> </span><span class=\"ls0\">2,283<span class=\"_ _95\"> </span>6,858</span>Not<span class=\"_ _0\"></span>e 20- E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholders i<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>ormationAs of December 3<span class=\"_ _0\"></span>1, 2022, the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e capital i<span class=\"_ _0\"></span>s NOK 37<span class=\"_ _1\"></span>6,906,6<span class=\"_ _0\"></span>20 (EUR 50,155,321) and the t<span class=\"_ _0\"></span>otal number of shar<span class=\"_ _8\"></span>es outs<span class=\"_ _0\"></span>tanding f<span class=\"_ _8\"></span>or Elopak ASA is 26<span class=\"_ _8\"></span>9,219,014, each with a f<span class=\"_ _8\"></span>ace value of NOK 1.4 (EUR 0.19). All shar<span class=\"_ _8\"></span>es ha<span class=\"_ _0\"></span>ve equal v<span class=\"_ _0\"></span>oting rights and all aut<span class=\"_ _0\"></span>horis<span class=\"_ _0\"></span>ed shar<span class=\"_ _8\"></span>es ar<span class=\"_ _0\"></span>e iss<span class=\"_ _0\"></span>ued and fully p<span class=\"_ _0\"></span>aid.T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es / Sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed bonus:The pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>sion for <span class=\"_ _0\"></span>shar<span class=\"_ _8\"></span>e based bonus per <span class=\"_ _0\"></span>December 31, 2021 w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e settled in t<span class=\"_ _0\"></span>he second quarter of 2022 thr<span class=\"_ _8\"></span>ough shar<span class=\"_ _8\"></span>es bought in the m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et and sold t<span class=\"_ _8\"></span>o members of the M<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t. The pr<span class=\"_ _0\"></span>ovision of EUR 330 t<span class=\"_ _0\"></span>housand in ot<span class=\"_ _0\"></span>her paid-in capital w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ever<span class=\"_ _8\"></span>sed. As par<span class=\"_ _a\"></span>t of the sett<span class=\"_ _0\"></span>lement, Elopak r<span class=\"_ _8\"></span>epurch<span class=\"_ _0\"></span>ased 17<span class=\"_ _8\"></span>0,000 shar<span class=\"_ _0\"></span>es, and s<span class=\"_ _0\"></span>ettled the s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-bas<span class=\"_ _0\"></span>ed bonus with 164,481 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es. As of December 3<span class=\"_ _0\"></span>1, 2022, the bal<span class=\"_ _0\"></span>ance of tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y shar<span class=\"_ _8\"></span>es is 5,519. The tr<span class=\"_ _8\"></span>easur<span class=\"_ _a\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e capital is EUR 1 t<span class=\"_ _0\"></span>housand and t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>emium is EUR 8 thou<span class=\"_ _0\"></span>sand. The new incen<span class=\"_ _0\"></span>tive pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>am (see Not<span class=\"_ _8\"></span>e 8 for detail<span class=\"_ _0\"></span>s) r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent<span class=\"_ _0\"></span>s pot<span class=\"_ _0\"></span>ential additional sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es which could be dilutiv<span class=\"_ _0\"></span>e.Dividend:The Boar<span class=\"_ _0\"></span>d appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed a dividend of NOK 0.75 per shar<span class=\"_ _8\"></span>e for t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear 2021 on Ma<span class=\"_ _0\"></span>y 19, 2022. The dividend pa<span class=\"_ _0\"></span>yment wa<span class=\"_ _0\"></span>s EUR 19,623 thous<span class=\"_ _0\"></span>and bas<span class=\"_ _0\"></span>ed on 26<span class=\"_ _8\"></span>9 219 014 outstandin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es, of which EUR 11,7<span class=\"_ _f\"></span>40 thousand w<span class=\"_ _0\"></span>as paid t<span class=\"_ _8\"></span>o Fer<span class=\"_ _8\"></span>d AS. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s will pr<span class=\"_ _0\"></span>opos<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o the Annual gener<span class=\"_ _8\"></span>al Meeting a dividend of NOK 0.86 per shar<span class=\"_ _8\"></span>e for 2<span class=\"_ _0\"></span>022. Not<span class=\"_ _0\"></span>e 20 \u2013 E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholder inf<span class=\"_ _8\"></span>ormation <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Shar<span class=\"_ _8\"></span>e capitalNumber of shar<span class=\"_ _0\"></span>es2022<span class=\"_ _248\"> </span>Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sha<span class=\"_ _0\"></span>res is<span class=\"_ _0\"></span>sued<span class=\"_ _11\"> </span>T<span class=\"_ _8\"></span>reasury shares<span class=\"_ _84\"> </span><span class=\"ls0 ws0\">Or<span class=\"_ _0\"></span>dinary share<span class=\"_ _0\"></span>s outstandin<span class=\"_ _0\"></span>g</span>Shar<span class=\"_ _0\"></span>es at 1.1<span class=\"_ _c9\"> </span>2<span class=\"_ _0\"></span>69,219,014<span class=\"_ _115\"> </span>-<span class=\"_ _249\"> </span>26<span class=\"_ _0\"></span>9,219,014T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es purch<span class=\"_ _0\"></span>ased<span class=\"_ _24a\"> </span>-<span class=\"_ _194\"> </span>-17<span class=\"_ _0\"></span>0,000<span class=\"_ _152\"> </span>-170,000T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es re-i<span class=\"_ _0\"></span>ssued<span class=\"_ _218\"> </span>-<span class=\"_ _7a\"> </span>164,481<span class=\"_ _24b\"> </span>164,481Shar<span class=\"_ _0\"></span>es at 31.12<span class=\"_ _c0\"> </span><span class=\"ls0\">26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _d8\"> </span>5,519<span class=\"_ _db\"> </span>26<span class=\"_ _8\"></span>9,213,495</span>2021<span class=\"_ _24c\"> </span>Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sha<span class=\"_ _0\"></span>res is<span class=\"_ _0\"></span>sued<span class=\"_ _11\"> </span>T<span class=\"_ _1\"></span>reasury shares<span class=\"_ _49\"> </span><span class=\"ls0 ws0\">Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y shar<span class=\"_ _0\"></span>es outst<span class=\"_ _0\"></span>anding</span>Shar<span class=\"_ _0\"></span>es at 1.1<span class=\"_ _99\"> </span>5,012,707<span class=\"_ _115\"> </span>-<span class=\"_ _1b8\"> </span>5,012,7<span class=\"_ _0\"></span>07Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued for sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed bonus<span class=\"_ _92\"> </span>8,959<span class=\"_ _115\"> </span>-<span class=\"_ _24d\"> </span>8,959Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued in stock s<span class=\"_ _0\"></span>plit<span class=\"_ _24e\"> </span>2<span class=\"_ _0\"></span>46,061,634<span class=\"_ _115\"> </span>-<span class=\"_ _24f\"> </span>2<span class=\"_ _0\"></span>46,061,634Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued in IPO<span class=\"_ _18e\"> </span>18,135,714<span class=\"_ _115\"> </span>-<span class=\"_ _1c9\"> </span>18,135,714T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es purch<span class=\"_ _0\"></span>ased<span class=\"_ _250\"> </span>-<span class=\"_ _12a\"> </span>-422,772<span class=\"_ _d6\"> </span>-422,772T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es re-i<span class=\"_ _0\"></span>ssued<span class=\"_ _214\"> </span>-<span class=\"_ _73\"> </span>422,772<span class=\"_ _251\"> </span>422,772Shar<span class=\"_ _0\"></span>es at 31.12<span class=\"_ _252\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _1b2\"> </span> - <span class=\"_ _8f\"> </span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9,219,014Basic and dilut<span class=\"_ _8\"></span>ed earnings per sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended 31 Dec(EUR 1,000, ex<span class=\"_ _0\"></span>cept number of shar<span class=\"_ _8\"></span>es)<span class=\"_ _245\"> </span><span class=\"ff2\">2022<span class=\"_ _df\"> </span>2021</span>Pr<span class=\"_ _0\"></span>ofit attributable t<span class=\"_ _0\"></span>o Elopak shar<span class=\"_ _0\"></span>eholders<span class=\"_ _246\"> </span>10,856<span class=\"_ _194\"> </span>33,809Iss<span class=\"_ _0\"></span>ued ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y shar<span class=\"_ _0\"></span>es at beginning of period, adju<span class=\"_ _0\"></span>sted f<span class=\"_ _0\"></span>or shar<span class=\"_ _0\"></span>e split in the period<span class=\"_ _247\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _13d\"> </span>250,635,350Effect of s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s issued<span class=\"_ _101\"> </span>-3,024<span class=\"_ _ed\"> </span>10,150,955W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed-aver<span class=\"_ _0\"></span>age number of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sh<span class=\"_ _0\"></span>ares in t<span class=\"_ _0\"></span>he period<span class=\"_ _1ca\"> </span><span class=\"ls0\">26<span class=\"_ _8\"></span>9,215,990<span class=\"_ _137\"> </span>260,7<span class=\"_ _0\"></span>86,305</span>Basic and dilut<span class=\"_ _0\"></span>ed earnings per sh<span class=\"_ _0\"></span>are (in EU<span class=\"_ _0\"></span>R)<span class=\"_ _1f4\"> </span><span class=\"ls0\">0.04<span class=\"_ _163\"> </span>0.13</span>Not<span class=\"_ _0\"></span>e 20 \u2013 E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholder inf<span class=\"_ _8\"></span>ormation <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The Gr<span class=\"_ _0\"></span>oup's top 20 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>eholdersShar<span class=\"_ _0\"></span>eholder's name<span class=\"_ _1aa\"> </span>T<span class=\"_ _1\"></span>otal sha<span class=\"_ _0\"></span>reholdingF<span class=\"_ _0\"></span>erd As<span class=\"_ _253\"> </span>59.83 %Nippon Paper Indu<span class=\"_ _0\"></span>stries Co., L<span class=\"_ _0\"></span>td.<span class=\"_ _254\"> </span>5.00 %Artemis Inve<span class=\"_ _0\"></span>stment Man<span class=\"_ _0\"></span>agement Llp<span class=\"_ _255\"> </span>3.37 %F<span class=\"_ _0\"></span>olketrygdf<span class=\"_ _0\"></span>ondet<span class=\"_ _256\"> </span>3.30 %Morgan St<span class=\"_ _0\"></span>anley Eur<span class=\"_ _0\"></span>ope SE<span class=\"_ _257\"> </span>2.73 %Par<span class=\"_ _8\"></span>eto Asset Man<span class=\"_ _0\"></span>agement As<span class=\"_ _258\"> </span>1.87 %Handelsbank<span class=\"_ _8\"></span>en Fonder Ab<span class=\"_ _257\"> </span>1.2<span class=\"_ _0\"></span>4 %Dnb Asset M<span class=\"_ _0\"></span>anagement As<span class=\"_ _257\"> </span>1.01 %Pictet As<span class=\"_ _0\"></span>set Manag<span class=\"_ _0\"></span>ement Sa<span class=\"_ _1cd\"> </span>1.01 %Skagen As (Inv<span class=\"_ _0\"></span>estment M<span class=\"_ _0\"></span>anagement)<span class=\"_ _255\"> </span>0.79 %Fil Inves<span class=\"_ _0\"></span>tment Advis<span class=\"_ _0\"></span>ors (Uk) Lt<span class=\"_ _0\"></span>d.<span class=\"_ _259\"> </span>0.6<span class=\"_ _0\"></span>9 %Oddo BHF Asset M<span class=\"_ _0\"></span>anagement SAS<span class=\"_ _1d0\"> </span>0.66 %Arctic F<span class=\"_ _8\"></span>und Management As<span class=\"_ _1bf\"> </span>0.64 %F<span class=\"_ _0\"></span>ondsfinans K<span class=\"_ _0\"></span>apitalforvaltnin<span class=\"_ _0\"></span>g As<span class=\"_ _102\"> </span>0.58 %F<span class=\"_ _0\"></span>orsvar<span class=\"_ _8\"></span>ets Pers<span class=\"_ _0\"></span>onellservice<span class=\"_ _25a\"> </span>0.57 %T<span class=\"_ _8\"></span>.D. V<span class=\"_ _0\"></span>een As<span class=\"_ _1eb\"> </span>0.55 %Ubs Ass<span class=\"_ _0\"></span>et Managemen<span class=\"_ _0\"></span>t Switzerland Ag<span class=\"_ _21f\"> </span>0.48 %Mfs In<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ational (Uk) Lt<span class=\"_ _0\"></span>d.<span class=\"_ _25b\"> </span>0.46 %Sp-Fund M<span class=\"_ _0\"></span>anagement Co. L<span class=\"_ _0\"></span>td.<span class=\"_ _25c\"> </span>0.44 %W<span class=\"_ _0\"></span>enaas<span class=\"_ _0\"></span>gruppen As<span class=\"_ _25d\"> </span>0.34 %The Ex<span class=\"_ _0\"></span>ecutive t<span class=\"_ _8\"></span>eam own direct<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>, or indir<span class=\"_ _0\"></span>ectly the f<span class=\"_ _8\"></span>ollowing number of sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oupExec<span class=\"_ _0\"></span>utive tea<span class=\"_ _0\"></span>m<span class=\"_ _254\"> </span>T<span class=\"_ _1\"></span>otal number of sha<span class=\"_ _0\"></span>resThomas K<span class=\"_ _8\"></span>\u00f6rmendi, CEO<span class=\"_ _223\"> </span>36<span class=\"_ _8\"></span>1,515 Bent Ax<span class=\"_ _0\"></span>elsen, CFO<span class=\"_ _25e\"> </span>191,57<span class=\"_ _8\"></span>6 Pat<span class=\"_ _0\"></span>rick V<span class=\"_ _0\"></span>erhelst, CMO<span class=\"_ _17e\"> </span> 61,562 W<span class=\"_ _0\"></span>olf<span class=\"_ _0\"></span>gang Buckhr<span class=\"_ _0\"></span>emer<span class=\"_ _0\"></span>, CT<span class=\"_ _8\"></span>O<span class=\"_ _f4\"> </span> 68,148 Ivar Jevne, EVP MPS &amp; P<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>asing<span class=\"_ _254\"> </span>227,411 Stephen N<span class=\"_ _0\"></span>aumann, EVP R<span class=\"_ _0\"></span>egion Eur<span class=\"_ _0\"></span>ope Nor<span class=\"_ _a\"></span>th &amp; CIS<span class=\"_ _25f\"> </span>180,495 Finn T<span class=\"_ _1\"></span>\u00f8rjesen, EVP R<span class=\"_ _0\"></span>egion Eur<span class=\"_ _0\"></span>ope South &amp; new mark<span class=\"_ _8\"></span>ets<span class=\"_ _e5\"> </span> 6<span class=\"_ _0\"></span>9,171 Lionel Ettedg<span class=\"_ _0\"></span>ui, Mark<span class=\"_ _0\"></span>et Area Dir<span class=\"_ _0\"></span>ector - North Af<span class=\"_ _0\"></span>rica<span class=\"_ _1f2\"> </span> 78,099 Nete Bechm<span class=\"_ _0\"></span>ann, Chief Human R<span class=\"_ _0\"></span>esour<span class=\"_ _0\"></span>ce Officer <span class=\"_ _260\"> </span> 2<span class=\"_ _0\"></span>4,07<span class=\"_ _0\"></span>0 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _261\"> </span><span class=\"ls0 ws0\">1,262,047</span>Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ationAccountin<span class=\"_ _0\"></span>g policiesA busine<span class=\"_ _0\"></span>ss combination i<span class=\"_ _0\"></span>s as a tr<span class=\"_ _8\"></span>ansaction or other e<span class=\"_ _0\"></span>vent in which an acquir<span class=\"_ _8\"></span>er obtains contr<span class=\"_ _8\"></span>ol of one or mor<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>ses. A bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s consist<span class=\"_ _0\"></span>s of inputs and pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>ses applied t<span class=\"_ _8\"></span>o those inputs th<span class=\"_ _0\"></span>at ha<span class=\"_ _0\"></span>ve the ability t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>eat<span class=\"_ _0\"></span>e outputs. Det<span class=\"_ _0\"></span>ermining whet<span class=\"_ _0\"></span>her a par<span class=\"_ _a\"></span>ticular <span class=\"_ _0\"></span>set of ass<span class=\"_ _0\"></span>ets and activities i<span class=\"_ _0\"></span>s a busines<span class=\"_ _0\"></span>s should be bas<span class=\"_ _0\"></span>ed on whether t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>egr<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>et is c<span class=\"_ _0\"></span>apable of being conduct<span class=\"_ _0\"></span>ed and man<span class=\"_ _0\"></span>aged as a bu<span class=\"_ _0\"></span>siness b<span class=\"_ _0\"></span>y a mark<span class=\"_ _8\"></span>et par<span class=\"_ _a\"></span>ticipant.Busine<span class=\"_ _0\"></span>ss combination<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o IFR<span class=\"_ _0\"></span>S 3 using t<span class=\"_ _0\"></span>he acquisition met<span class=\"_ _0\"></span>hod, als<span class=\"_ _0\"></span>o called pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price allocation (PP<span class=\"_ _1\"></span>A). The cos<span class=\"_ _0\"></span>t of an acquisition i<span class=\"_ _0\"></span>s measur<span class=\"_ _8\"></span>ed as the aggr<span class=\"_ _8\"></span>egate of t<span class=\"_ _0\"></span>he consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>err<span class=\"_ _0\"></span>ed, which is meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value at acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _8\"></span>e accordin<span class=\"_ _0\"></span>g to <span class=\"_ _0\"></span>IFRS 13, and t<span class=\"_ _0\"></span>he amount of an<span class=\"_ _0\"></span>y non-contr<span class=\"_ _8\"></span>olling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s in the acquir<span class=\"_ _8\"></span>ee. F<span class=\"_ _0\"></span>or each busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation, the Gr<span class=\"_ _0\"></span>oup elects whether t<span class=\"_ _8\"></span>o measur<span class=\"_ _8\"></span>e the non-contr<span class=\"_ _8\"></span>olling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s in the acquir<span class=\"_ _8\"></span>ee at fair v<span class=\"_ _0\"></span>alue or at the pr<span class=\"_ _0\"></span>opor<span class=\"_ _a\"></span>tionat<span class=\"_ _8\"></span>e shar<span class=\"_ _0\"></span>e of the acquir<span class=\"_ _8\"></span>ee\u2019<span class=\"_ _1\"></span>s identi<span class=\"ws0\">-</span>fiable net as<span class=\"_ _0\"></span>sets. A<span class=\"_ _0\"></span>cquisition-r<span class=\"_ _8\"></span>elated co<span class=\"_ _0\"></span>sts ar<span class=\"_ _8\"></span>e expens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red and included in o<span class=\"_ _0\"></span>ther oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s.When the Gr<span class=\"_ _8\"></span>oup acquire<span class=\"_ _0\"></span>s a busines<span class=\"_ _0\"></span>s, it ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he financial as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sumed f<span class=\"_ _0\"></span>or appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sification and desig<span class=\"_ _0\"></span>nation in accor<span class=\"_ _8\"></span>dance with t<span class=\"_ _0\"></span>he contr<span class=\"_ _8\"></span>actual t<span class=\"_ _0\"></span>erms, economic cir<span class=\"_ _0\"></span>cums<span class=\"_ _0\"></span>tances and pertinent conditions as at t<span class=\"_ _0\"></span>he acquisition dat<span class=\"_ _8\"></span>e.An<span class=\"_ _0\"></span>y conting<span class=\"_ _0\"></span>ent consider<span class=\"_ _8\"></span>ation to be tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred b<span class=\"_ _0\"></span>y the acquir<span class=\"_ _8\"></span>er will be recog<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value at the acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e. Conting<span class=\"_ _0\"></span>ent consider<span class=\"_ _8\"></span>ation classified a<span class=\"_ _0\"></span>s an ass<span class=\"_ _0\"></span>et or liability that i<span class=\"_ _0\"></span>s a financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t and within the s<span class=\"_ _0\"></span>cope of IFR<span class=\"_ _0\"></span>S 9 Financial Ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s, is mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value wit<span class=\"_ _0\"></span>h the chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _8\"></span>air value r<span class=\"_ _8\"></span>ecognised in t<span class=\"_ _0\"></span>he stat<span class=\"_ _8\"></span>ement of profit or lo<span class=\"_ _0\"></span>ss.Goodwill aris<span class=\"_ _0\"></span>es in a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation when the f<span class=\"_ _8\"></span>air value of consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>eeds the f<span class=\"_ _8\"></span>air value of identifiable as<span class=\"_ _0\"></span>sets acquir<span class=\"_ _8\"></span>ed less t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of identifiable liabilitie<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>umed. Goodwill acquir<span class=\"_ _0\"></span>ed in a busines<span class=\"_ _0\"></span>s combination i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o each of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s cas<span class=\"_ _0\"></span>h-gener<span class=\"_ _0\"></span>ating units t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o benefit f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he combination ir<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spectiv<span class=\"_ _0\"></span>e of whether ot<span class=\"_ _0\"></span>her ass<span class=\"_ _0\"></span>ets or liabilities of t<span class=\"_ _0\"></span>he acquir<span class=\"_ _0\"></span>ee ar<span class=\"_ _0\"></span>e assigned t<span class=\"_ _8\"></span>o those unit<span class=\"_ _0\"></span>s and te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed sub<span class=\"_ _0\"></span>sequently f<span class=\"_ _8\"></span>or impairment.Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>Acquisition<span class=\"_ _0\"></span>s of GLS ElopakDate of busi<span class=\"_ _0\"></span>ness P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e Compan<span class=\"_ _0\"></span>y<span class=\"_ _bc\"> </span>P<span class=\"_ _0\"></span>rincipal activitycombinationowned<span class=\"_ _173\"> </span>Acquiring entity\"Elopak BV (49,5%) GLS Elopak<span class=\"_ _b1\"> </span>T<span class=\"_ _8\"></span>rading and m<span class=\"_ _0\"></span>anufact<span class=\"_ _0\"></span>uring<span class=\"_ _60\"> </span>May 13, 2022<span class=\"_ _62\"> </span>50 %Elopak UK Limited (0,5%)\"Elopak and GLS sig<span class=\"_ _0\"></span>ned on April 28, 2022 an agr<span class=\"_ _8\"></span>eement in which the two companie<span class=\"_ _0\"></span>s will ha<span class=\"_ _0\"></span>ve 50% owner<span class=\"_ _0\"></span>ship of a newly f<span class=\"_ _0\"></span>ormed compan<span class=\"_ _8\"></span>y, GL<span class=\"_ _0\"></span>S Elopak. The completion dat<span class=\"_ _8\"></span>e (closing) t<span class=\"_ _0\"></span>ook place M<span class=\"_ _0\"></span>ay 13, 2022. The ag<span class=\"_ _0\"></span>reemen<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ovides Elopak wit<span class=\"_ _0\"></span>h e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to vari<span class=\"_ _0\"></span>able r<span class=\"_ _0\"></span>eturns and power t<span class=\"_ _8\"></span>o affect t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>eturn<span class=\"_ _0\"></span>s fr<span class=\"_ _8\"></span>om GLS Elopak, which means t<span class=\"_ _0\"></span>hat Elopak will h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e contr<span class=\"_ _8\"></span>ol of GLS Elopak in accor<span class=\"_ _8\"></span>dance with IFR<span class=\"_ _8\"></span>S 10 and will consolid<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he compan<span class=\"_ _0\"></span>y as a sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y in Elopak\u2019<span class=\"_ _f\"></span>s financial stat<span class=\"_ _8\"></span>ements. GLS Elopak will le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age the r<span class=\"_ _8\"></span>espectiv<span class=\"_ _0\"></span>e expertise, a<span class=\"_ _0\"></span>ssets and network<span class=\"_ _0\"></span>s of Elopak and GLS t<span class=\"_ _8\"></span>o capitalize on t<span class=\"_ _0\"></span>he significant c<span class=\"_ _0\"></span>onsumer dem<span class=\"_ _0\"></span>and in India. The compan<span class=\"_ _0\"></span>y is bein<span class=\"_ _0\"></span>g est<span class=\"_ _0\"></span>ablished t<span class=\"_ _0\"></span>o manuf<span class=\"_ _8\"></span>actur<span class=\"_ _8\"></span>e and proce<span class=\"_ _0\"></span>ss high-quality f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh and as<span class=\"_ _0\"></span>eptic packa<span class=\"_ _0\"></span>ging solutions, which ar<span class=\"_ _8\"></span>e designed t<span class=\"_ _8\"></span>o ensur<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at liquid food i<span class=\"_ _0\"></span>s saf<span class=\"_ _8\"></span>e and accessible t<span class=\"_ _8\"></span>o consumer<span class=\"_ _8\"></span>s acro<span class=\"_ _0\"></span>ss the globe. The compan<span class=\"_ _8\"></span>y will cater t<span class=\"_ _8\"></span>o both f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh and as<span class=\"_ _0\"></span>eptic segmen<span class=\"_ _0\"></span>ts with applications s<span class=\"_ _0\"></span>uch as dairy, pl<span class=\"_ _0\"></span>ant-b<span class=\"_ _0\"></span>ased drink<span class=\"_ _0\"></span>s, juice, wat<span class=\"_ _8\"></span>er and liquor<span class=\"_ _0\"></span>.The tr<span class=\"_ _0\"></span>ansaction i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFRS 3 and t<span class=\"_ _0\"></span>he acquisition d<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>s Ma<span class=\"_ _0\"></span>y 13, 2022.The acquisition-d<span class=\"_ _0\"></span>ate f<span class=\"_ _8\"></span>air value of the t<span class=\"_ _8\"></span>otal consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed was EUR 12,79<span class=\"_ _1\"></span>3 thou<span class=\"ws0\">-</span>sand in ca<span class=\"_ _0\"></span>sh. T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction cos<span class=\"_ _0\"></span>ts of EUR 340 thous<span class=\"_ _0\"></span>and wer<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpensed and ar<span class=\"_ _8\"></span>e included in other oper<span class=\"_ _8\"></span>ating cos<span class=\"_ _0\"></span>ts. If the tr<span class=\"_ _8\"></span>ansactions h<span class=\"_ _0\"></span>ad occurr<span class=\"_ _8\"></span>ed Januar<span class=\"_ _a\"></span>y 1, 2022, GLS Elopak would ha<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>ributed EUR 7<span class=\"_ _0\"></span>3 thou<span class=\"_ _0\"></span>sand r<span class=\"_ _0\"></span>evenue and EUR -292 t<span class=\"_ _0\"></span>housand pr<span class=\"_ _8\"></span>ofit befor<span class=\"_ _8\"></span>e tax. Fr<span class=\"_ _8\"></span>om acquisition d<span class=\"_ _0\"></span>ate t<span class=\"_ _8\"></span>o reporting dat<span class=\"_ _8\"></span>e GLS Elopak has c<span class=\"_ _0\"></span>ontribut<span class=\"_ _0\"></span>ed EUR 5,217 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>evenue and EUR -713 thou<span class=\"_ _0\"></span>sand pr<span class=\"_ _0\"></span>ofit bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e tax.Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in GLS Elopak at acquisition d<span class=\"_ _0\"></span>ate(EUR 1,000)ASSETSNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _222\"> </span> 29 Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _262\"> </span> 1 Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _224\"> </span> 10,462  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _263\"> </span> 10,492 Curren<span class=\"_ _0\"></span>t assetsInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _264\"> </span>550 Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _256\"> </span><span class=\"ls7d ws110\">797<span class=\"_ _a\"></span> </span>Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _d1\"> </span> 8,419  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _265\"> </span> 9,7<span class=\"_ _8\"></span>66  T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s <span class=\"_ _266\"> </span> 20,258 Non-curr<span class=\"_ _0\"></span>ent liabilitiesDefer<span class=\"_ _0\"></span>red tax liability<span class=\"_ _267\"> </span><span class=\"ls5b wsbb\">6<span class=\"_ _a\"></span>24 </span> T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _1e7\"> </span><span class=\"ls5b wsbb\">624<span class=\"_ _a\"></span> </span>Curren<span class=\"_ _0\"></span>t liabilitiesT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables<span class=\"_ _268\"> </span> 1,106 Other curr<span class=\"_ _8\"></span>ent liablities <span class=\"_ _269\"> </span>12<span class=\"_ _0\"></span>4  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _268\"> </span><span class=\"ff3\"> 1,230 </span>T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _26a\"> </span><span class=\"ff3\"> 1,854 </span>T<span class=\"_ _1\"></span>otal identifiable net ass<span class=\"_ _0\"></span>ets at fair v<span class=\"_ _0\"></span>alue<span class=\"_ _26b\"> </span> 18,404 Non-contr<span class=\"_ _0\"></span>olling int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st (at shar<span class=\"_ _0\"></span>e of identifiable net ass<span class=\"_ _0\"></span>ets)<span class=\"_ _80\"> </span> 9,202 Pur<span class=\"_ _0\"></span>chase con<span class=\"_ _0\"></span>sideration <span class=\"_ _268\"> </span> 12,79<span class=\"_ _8\"></span>3  Goodwill arising f<span class=\"_ _8\"></span>rom acquisition <span class=\"_ _226\"> </span> 3,591 Purc<span class=\"_ _0\"></span>hase con<span class=\"_ _0\"></span>sideration Cash consider<span class=\"_ _0\"></span>ation paid<span class=\"_ _26c\"> </span> 12,79<span class=\"_ _8\"></span>3  T<span class=\"_ _1\"></span>otal consideration <span class=\"_ _26d\"> </span><span class=\"ff3\"> 12,79<span class=\"_ _8\"></span>3 </span>Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>Pr<span class=\"_ _8\"></span>ovision f<span class=\"_ _8\"></span>or defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is m<span class=\"_ _0\"></span>ade for t<span class=\"_ _0\"></span>he diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between acquisition c<span class=\"_ _0\"></span>ost and acquir<span class=\"_ _8\"></span>ed tax ba<span class=\"_ _0\"></span>se in accor<span class=\"_ _8\"></span>dance with IAS 12. Off<span class=\"_ _8\"></span>setting entry of this non-ca<span class=\"_ _0\"></span>sh def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax is g<span class=\"_ _0\"></span>oodwill. The r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g goodwill compris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he value of e<span class=\"_ _0\"></span>xpected s<span class=\"_ _0\"></span>ynergie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition and ass<span class=\"_ _0\"></span>embled workf<span class=\"_ _8\"></span>orce, which i<span class=\"_ _0\"></span>s not separ<span class=\"_ _8\"></span>ately r<span class=\"_ _8\"></span>ecognized.None of the goodwill r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed is deductible f<span class=\"_ _8\"></span>or income tax purpose<span class=\"_ _0\"></span>s.Analy<span class=\"_ _0\"></span>sis of cas<span class=\"_ _0\"></span>h flows on acquisition(EUR 1,000)Net cash acquir<span class=\"_ _8\"></span>ed with the subsidiary <span class=\"_ _3c\"> </span> 8,419 Cash paid <span class=\"_ _26e\"> </span> 12,79<span class=\"_ _8\"></span>3 Net cash flow f<span class=\"_ _8\"></span>rom acquisition (included in inv<span class=\"_ _0\"></span>esting activit<span class=\"_ _8\"></span>es) <span class=\"_ _189\"> </span> -4,3<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4 Acquisition<span class=\"_ _0\"></span>s of Natur<span class=\"_ _8\"></span>epakDate of busi<span class=\"_ _0\"></span>ness P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e Compan<span class=\"_ _0\"></span>y<span class=\"_ _bc\"> </span>P<span class=\"_ _0\"></span>rincipal activitycombinationowned<span class=\"_ _173\"> </span>Acquiring entityNatur<span class=\"_ _8\"></span>epak Beverag<span class=\"_ _0\"></span>e\"Elopak BV (99%) Pack<span class=\"_ _0\"></span>aging Co Lt<span class=\"_ _0\"></span>d<span class=\"_ _142\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ading and manuf<span class=\"_ _8\"></span>acturing<span class=\"_ _43\"> </span>March 29, 2022<span class=\"_ _ca\"> </span>100 %Elopak UK Limited (1%)\"Elopak Ar<span class=\"_ _0\"></span>abia Holding Comp<span class=\"_ _0\"></span>any acquir<span class=\"_ _8\"></span>ed 100% of the votin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es of Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>ackagin<span class=\"_ _0\"></span>g Co Lt<span class=\"_ _0\"></span>d on Mar<span class=\"_ _0\"></span>ch 29, 2022. Nat<span class=\"_ _8\"></span>urepak Be<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age i<span class=\"_ _0\"></span>s the leading pr<span class=\"_ _8\"></span>ovider of f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh liquid carton and pack<span class=\"_ _0\"></span>aging sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems in the MENA r<span class=\"_ _8\"></span>egion with local pr<span class=\"_ _8\"></span>oduction facilitie<span class=\"_ _0\"></span>s in Mor<span class=\"_ _0\"></span>occo and Saudi Ar<span class=\"_ _0\"></span>abia, which will be int<span class=\"_ _8\"></span>egrat<span class=\"_ _8\"></span>ed into Elop<span class=\"_ _0\"></span>ak\u2019<span class=\"_ _1\"></span>s global pr<span class=\"_ _8\"></span>oduction network. Pr<span class=\"_ _8\"></span>esen<span class=\"_ _0\"></span>t in 16 countrie<span class=\"_ _0\"></span>s, Nat<span class=\"_ _0\"></span>urep<span class=\"_ _0\"></span>ak Bever<span class=\"_ _0\"></span>age h<span class=\"_ _0\"></span>as an annual pr<span class=\"_ _0\"></span>oduction capacity of 2.7 billion cartons acr<span class=\"_ _8\"></span>oss variou<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>oduct size<span class=\"_ _0\"></span>s and its cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>s are global blue chip FMCG pl<span class=\"_ _0\"></span>ayer<span class=\"_ _0\"></span>s and str<span class=\"_ _8\"></span>ong r<span class=\"_ _0\"></span>egional ch<span class=\"_ _0\"></span>ampions. The acquisition will r<span class=\"_ _8\"></span>einf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ce Elopak\u2019<span class=\"_ _1\"></span>s po<span class=\"_ _0\"></span>sition in the r<span class=\"_ _8\"></span>egion and is an impor<span class=\"_ _a\"></span>tant mile<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>one in man<span class=\"_ _0\"></span>agement\u2019<span class=\"_ _1\"></span>s ambition<span class=\"_ _0\"></span>s to tar<span class=\"_ _8\"></span>get 2-3% organic r<span class=\"_ _8\"></span>evenue gr<span class=\"_ _8\"></span>ow<span class=\"_ _a\"></span>th, deliver inor<span class=\"_ _0\"></span>ganic oppor<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>unities and gr<span class=\"_ _8\"></span>ow its global f<span class=\"_ _8\"></span>ootprint by ent<span class=\"_ _8\"></span>ering new geogr<span class=\"_ _8\"></span>aphies.The tr<span class=\"_ _0\"></span>ansaction i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFRS 3 and t<span class=\"_ _0\"></span>he acquisition d<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>s Mar<span class=\"_ _8\"></span>ch 29, 2022.Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>The acquisition-d<span class=\"_ _0\"></span>ate f<span class=\"_ _8\"></span>air value of the t<span class=\"_ _8\"></span>otal consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed was EUR 85,383 t<span class=\"_ _0\"></span>hou<span class=\"ws0\">-</span>sand in ca<span class=\"_ _0\"></span>sh. T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction cos<span class=\"_ _0\"></span>ts of EUR 2,110 thou<span class=\"_ _0\"></span>sand wer<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpensed and ar<span class=\"_ _8\"></span>e included in other oper<span class=\"_ _8\"></span>ating cos<span class=\"_ _0\"></span>ts. If the tr<span class=\"_ _8\"></span>ansactions h<span class=\"_ _0\"></span>ad occurr<span class=\"_ _8\"></span>ed Januar<span class=\"_ _a\"></span>y 1, 2022, Natur<span class=\"_ _8\"></span>epak would ha<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>ributed EUR 7,7<span class=\"_ _1\"></span>65 r<span class=\"_ _8\"></span>evenue and EUR 917 pr<span class=\"_ _8\"></span>ofit befor<span class=\"_ _8\"></span>e tax. Fr<span class=\"_ _8\"></span>om acquisition dat<span class=\"_ _8\"></span>e t<span class=\"_ _0\"></span>o reporting dat<span class=\"_ _8\"></span>e Natur<span class=\"_ _8\"></span>epak has c<span class=\"_ _0\"></span>ontribut<span class=\"_ _0\"></span>ed EUR 33,422 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>evenue and EUR -2,527 thou<span class=\"_ _0\"></span>sand pr<span class=\"_ _0\"></span>ofit bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e tax.F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>ssets i<span class=\"_ _0\"></span>n Natur<span class=\"_ _8\"></span>epak Bever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackagin<span class=\"_ _0\"></span>g Co Lt<span class=\"_ _0\"></span>d at acquisition dat<span class=\"_ _8\"></span>e(EUR 1,000)ASSETSNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _9e\"> </span> 26,79<span class=\"_ _8\"></span>4 Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _186\"> </span> 11,162 Right-of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s<span class=\"_ _26f\"> </span> 50 Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>set<span class=\"_ _17d\"> </span> 1,459 Other non-curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _1c1\"> </span>446  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _263\"> </span> 39,910 Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>sInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _270\"> </span> 1,480 T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _271\"> </span> 4,881 Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _272\"> </span> 2,644 Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _273\"> </span> 1,495  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _1c1\"> </span> 10,500  T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s <span class=\"_ _266\"> </span> 50,410 Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in Nat<span class=\"_ _0\"></span>urep<span class=\"_ _0\"></span>ak Bever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackagi<span class=\"_ _0\"></span>ng Co Lt<span class=\"_ _8\"></span>d at acquisition dat<span class=\"_ _0\"></span>econtinuedNon-curr<span class=\"_ _0\"></span>ent liabilitiesDefer<span class=\"_ _0\"></span>red tax liability<span class=\"_ _181\"> </span> 7,7<span class=\"_ _0\"></span>89 Non-curr<span class=\"_ _0\"></span>ent lease li<span class=\"_ _0\"></span>abilities<span class=\"_ _268\"> </span> 32 Other non-curr<span class=\"_ _8\"></span>ent liabilities<span class=\"_ _1c0\"> </span> 2,371  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _277\"> </span> 10,192 Curr<span class=\"_ _0\"></span>ent liabilitiesCurr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _255\"> </span>713 T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables<span class=\"_ _1f7\"> </span> 3,921 Curr<span class=\"_ _0\"></span>ent lease liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _181\"> </span> 47 Other curr<span class=\"_ _8\"></span>ent liablities <span class=\"_ _183\"> </span> 3,652  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _278\"> </span> 8,333  T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _185\"> </span> 18,525 T<span class=\"_ _1\"></span>otal identifiable net ass<span class=\"_ _0\"></span>ets at fair v<span class=\"_ _0\"></span>alue<span class=\"_ _be\"> </span> 31,885 Pur<span class=\"_ _0\"></span>chase con<span class=\"_ _0\"></span>sideration <span class=\"_ _279\"> </span> 85,383  Goodwill arising f<span class=\"_ _8\"></span>rom acquisition <span class=\"_ _274\"> </span> 53,498 Purc<span class=\"_ _0\"></span>hase con<span class=\"_ _0\"></span>sideration Cash consider<span class=\"_ _0\"></span>ation paid<span class=\"_ _279\"> </span> 85,383  T<span class=\"_ _1\"></span>otal consideration <span class=\"_ _82\"> </span> 85,383 Pr<span class=\"_ _8\"></span>ovision f<span class=\"_ _8\"></span>or defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is m<span class=\"_ _0\"></span>ade for t<span class=\"_ _0\"></span>he diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between acquisition c<span class=\"_ _0\"></span>ost and acquir<span class=\"_ _8\"></span>ed tax ba<span class=\"_ _0\"></span>se in accor<span class=\"_ _8\"></span>dance with IAS 12. Off<span class=\"_ _8\"></span>setting entry of this non-ca<span class=\"_ _0\"></span>sh def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax is g<span class=\"_ _0\"></span>oodwill. The r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g goodwill compris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he value of e<span class=\"_ _0\"></span>xpected s<span class=\"_ _0\"></span>ynergie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition and ass<span class=\"_ _0\"></span>embled workf<span class=\"_ _8\"></span>orce, which i<span class=\"_ _0\"></span>s not separ<span class=\"_ _8\"></span>ately r<span class=\"_ _8\"></span>ecognized.None of the goodwill r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed is deductible f<span class=\"_ _8\"></span>or income tax purpose<span class=\"_ _0\"></span>s.Analy<span class=\"_ _0\"></span>sis of cas<span class=\"_ _0\"></span>h flows on acquisition(EUR 1,000)Net cash acquir<span class=\"_ _8\"></span>ed with the subsidiary <span class=\"_ _274\"> </span> 1,495 Cash paid <span class=\"_ _275\"> </span> 85,383  Net cash flow f<span class=\"_ _8\"></span>rom acquisition (included in inv<span class=\"_ _0\"></span>esting activit<span class=\"_ _8\"></span>es) <span class=\"_ _276\"> </span> -83,888 Not<span class=\"_ _0\"></span>e 22 - Shar<span class=\"_ _8\"></span>es in s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s and joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>esThe f<span class=\"_ _0\"></span>ollowing comp<span class=\"_ _0\"></span>anies ar<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed as sub<span class=\"_ _0\"></span>sidiaries i<span class=\"_ _0\"></span>n Elopak GroupCompan<span class=\"_ _0\"></span>y<span class=\"_ _27a\"> </span>P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e owned<span class=\"_ _b\"> </span>Y<span class=\"_ _8\"></span>ear of acquisiti<span class=\"_ _0\"></span>on <span class=\"_ _64\"> </span>Country <span class=\"_ _27b\"> </span>Principal activityElopak AB<span class=\"_ _18d\"> </span>100 %<span class=\"_ _27c\"> </span><span class=\"lsaf ws1bc\">1<span class=\"_ _a\"></span>961<span class=\"_ _df\"> </span></span>Sweden<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radin<span class=\"_ _0\"></span>gElopak B.V.<span class=\"_ _27d\"> </span>100 %<span class=\"_ _1a9\"> </span>1968<span class=\"_ _45\"> </span>Netherlands<span class=\"_ _27e\"> </span>Manuf<span class=\"_ _0\"></span>acturingElopak GmbH<span class=\"_ _27f\"> </span>100 %<span class=\"_ _1a9\"> </span>1968<span class=\"_ _ca\"> </span>Germany<span class=\"_ _7\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak SpA<span class=\"_ _280\"> </span>100 %<span class=\"_ _27c\"> </span>1981<span class=\"_ _ac\"> </span>Italy<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>gElopak Oy<span class=\"_ _18d\"> </span>100 %<span class=\"_ _1a9\"> </span>1982<span class=\"_ _8e\"> </span>Finland<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>gElopak Sys<span class=\"_ _0\"></span>tems A<span class=\"_ _0\"></span>G<span class=\"_ _d6\"> </span>100 %<span class=\"_ _d3\"> </span>1984<span class=\"_ _153\"> </span>Switz<span class=\"_ _0\"></span>erland<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak Inc.<span class=\"_ _281\"> </span>100 %<span class=\"_ _173\"> </span>198<span class=\"_ _0\"></span>7<span class=\"_ _b1\"> </span><span class=\"ls8d ws14c\">USA<span class=\"_ _282\"> </span></span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingElopak Denmark A/<span class=\"_ _0\"></span>S<span class=\"_ _db\"> </span>100 %<span class=\"_ _d3\"> </span>1988<span class=\"_ _155\"> </span>Denmark<span class=\"_ _7\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak GesmbH<span class=\"_ _1a6\"> </span>100 %<span class=\"_ _d3\"> </span>1989<span class=\"_ _75\"> </span><span class=\"ls5a wsaa\">Austria<span class=\"_ _19f\"> </span></span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>gPrJSC Elop<span class=\"_ _0\"></span>ak F<span class=\"_ _0\"></span>astiv<span class=\"_ _18c\"> </span>99 %<span class=\"_ _1a9\"> </span>199<span class=\"_ _0\"></span>4<span class=\"_ _4e\"> </span>Ukraine<span class=\"_ _7\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak S.A. <span class=\"_ _215\"> </span>100 %<span class=\"_ _283\"> </span>199<span class=\"_ _8\"></span>4<span class=\"_ _75\"> </span>Poland<span class=\"_ _50\"> </span>T<span class=\"_ _1\"></span>rading and serviceElopak Isr<span class=\"_ _8\"></span>ael AS<span class=\"_ _133\"> </span>100 %<span class=\"_ _1a9\"> </span>1998<span class=\"_ _4e\"> </span>Nor<span class=\"_ _a\"></span>way<span class=\"_ _162\"> </span>HoldingElopak Canad<span class=\"_ _0\"></span>a Inc.<span class=\"_ _227\"> </span>100 %<span class=\"_ _284\"> </span>2000<span class=\"_ _27b\"> </span>Canada<span class=\"_ _7\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>g and manuf<span class=\"_ _0\"></span>acturingElofill GmbH<span class=\"_ _285\"> </span>100 %<span class=\"_ _284\"> </span>2000<span class=\"_ _14f\"> </span>Germany<span class=\"_ _162\"> </span>HoldingElopak s.r<span class=\"_ _8\"></span>.o.<span class=\"_ _1a0\"> </span>100 %<span class=\"_ _1b4\"> </span>2001<span class=\"_ _137\"> </span>Czech R<span class=\"_ _0\"></span>epublic<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingElopak UK Lt<span class=\"_ _0\"></span>d<span class=\"_ _286\"> </span>100 %<span class=\"_ _115\"> </span>2004<span class=\"_ _8b\"> </span>United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingElopak BS d.o.o<span class=\"_ _287\"> </span>100 %<span class=\"_ _1a9\"> </span>2017<span class=\"_ _1cc\"> </span>Serbia <span class=\"_ _91\"> </span>Ser<span class=\"_ _a\"></span>viceElopak Kft.<span class=\"_ _288\"> </span>100 %<span class=\"_ _199\"> </span>2<span class=\"_ _0\"></span>006<span class=\"_ _69\"> </span>Hungar<span class=\"_ _a\"></span>y<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak EOOD<span class=\"_ _24e\"> </span>100 %<span class=\"_ _115\"> </span><span class=\"ls5a wsaa\">2009<span class=\"_ _6d\"> </span></span>Bulgaria<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingElopak T<span class=\"_ _1\"></span>unisie SARL<span class=\"_ _289\"> </span>100 %<span class=\"_ _1a9\"> </span>2017<span class=\"_ _66\"> </span>T<span class=\"_ _8\"></span>unisia<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak Egypt LL<span class=\"_ _0\"></span>C<span class=\"_ _152\"> </span>100 %<span class=\"_ _1a9\"> </span>2017<span class=\"_ _c6\"> </span>Egypt<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak Algerie SAR<span class=\"_ _0\"></span>L<span class=\"_ _227\"> </span>49 %<span class=\"_ _1a9\"> </span>2018<span class=\"_ _75\"> </span>Algeria<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak Arabia Holding Comp<span class=\"_ _0\"></span>any LL<span class=\"_ _8\"></span>C100 %<span class=\"_ _20c\"> </span>2022<span class=\"_ _45\"> </span>Saudi Arabia<span class=\"_ _162\"> </span>HoldingElopak P<span class=\"_ _0\"></span>ackaging Compan<span class=\"_ _0\"></span>y LL<span class=\"_ _0\"></span>C<span class=\"_ _a7\"> </span>100 %<span class=\"_ _dc\"> </span>2022<span class=\"_ _45\"> </span>Saudi Arabia<span class=\"_ _7\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak Mor<span class=\"_ _0\"></span>occo Ltd<span class=\"_ _8c\"> </span>100 %<span class=\"_ _28a\"> </span>2022<span class=\"_ _155\"> </span>Mor<span class=\"_ _0\"></span>occo<span class=\"_ _7\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>g and manuf<span class=\"_ _0\"></span>acturingGLS Elopak<span class=\"_ _28b\"> </span>50 %<span class=\"_ _20c\"> </span>2022<span class=\"_ _c3\"> </span>India<span class=\"_ _7\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ading and manuf<span class=\"_ _0\"></span>acturingNot<span class=\"_ _0\"></span>e 22 - Shar<span class=\"_ _8\"></span>es in s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s and joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es <span class=\"fc3\">continued</span>The f<span class=\"_ _0\"></span>ollowing joi<span class=\"_ _0\"></span>nt vent<span class=\"_ _8\"></span>ures ar<span class=\"_ _8\"></span>e accounted f<span class=\"_ _8\"></span>or in accorda<span class=\"_ _0\"></span>nce with the equity methodY<span class=\"_ _8\"></span>ear of Compan<span class=\"_ _0\"></span>y<span class=\"_ _28c\"> </span>P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e ownedacquisition <span class=\"_ _aa\"> </span>Country<span class=\"_ _c6\"> </span>Principal activityLala Elopak S.A. de C.V.<span class=\"_ _138\"> </span>49 %<span class=\"_ _27b\"> </span>1998<span class=\"_ _27c\"> </span>Mexico<span class=\"_ _127\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>g and manuf<span class=\"_ _0\"></span>acturingImpre<span class=\"_ _0\"></span>sora Del Y<span class=\"_ _1\"></span>aque<span class=\"_ _1ba\"> </span>51 %<span class=\"_ _62\"> </span><span class=\"ls2c ws49\">2<span class=\"_ _a\"></span>007<span class=\"_ _1b3\"> </span></span>Dominican R<span class=\"_ _0\"></span>epublic<span class=\"_ _28d\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak Nampak Af<span class=\"_ _8\"></span>rica Ltd<span class=\"_ _28e\"> </span>50 %<span class=\"_ _19a\"> </span>2020<span class=\"_ _28f\"> </span><span class=\"ls1a ws37\">Ke<span class=\"_ _a\"></span>ny<span class=\"_ _a\"></span>a<span class=\"_ _237\"> </span></span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingNot<span class=\"_ _0\"></span>e 23 - Other non-cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>etsOther cur<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>abilities(EUR 1,000)<span class=\"_ _1e3\"> </span><span class=\"ff2\">2022<span class=\"_ _1d7\"> </span>2021</span>Contr<span class=\"_ _0\"></span>act asset<span class=\"_ _0\"></span>s (Note 25)<span class=\"_ _1f3\"> </span>3,77<span class=\"_ _0\"></span>5<span class=\"_ _95\"> </span>5,167Non-curr<span class=\"_ _0\"></span>ent finance lea<span class=\"_ _0\"></span>se receiv<span class=\"_ _0\"></span>ables (Not<span class=\"_ _0\"></span>e 12)<span class=\"_ _290\"> </span>5,865<span class=\"_ _23a\"> </span>5,656Financial ins<span class=\"_ _0\"></span>truments (Not<span class=\"_ _0\"></span>e 30)<span class=\"_ _291\"> </span>6,811<span class=\"_ _159\"> </span><span class=\"ls1 ws1\">690</span>Other non-curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _292\"> </span>3,390<span class=\"_ _293\"> </span>1,988Carrying amount 31.12<span class=\"_ _294\"> </span><span class=\"ls0\">19,841<span class=\"_ _238\"> </span>13,501</span>Not<span class=\"_ _0\"></span>e 2<span class=\"_ _8\"></span>4 - Invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyCost i<span class=\"_ _0\"></span>s calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed using t<span class=\"_ _0\"></span>he FIFO co<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>ormula f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons, filling m<span class=\"_ _0\"></span>achines and sp<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ts.Inven<span class=\"_ _0\"></span>tory(EUR 1,000) Raw  W<span class=\"_ _0\"></span>ork in  Finished 2022mat<span class=\"_ _0\"></span>erials pro<span class=\"_ _a\"></span>gress<span class=\"_ _a\"></span> goods <span class=\"_ _5a\"> </span> T<span class=\"_ _1\"></span>otal Cost 3<span class=\"_ _0\"></span>1.12<span class=\"_ _295\"> </span>34,579<span class=\"_ _49\"> </span>84,954<span class=\"_ _5a\"> </span>78,549<span class=\"_ _2f\"> </span>198,082Write down 01.01<span class=\"_ _296\"> </span>-307<span class=\"_ _d8\"> </span>-<span class=\"_ _7f\"> </span>5,142<span class=\"_ _5c\"> </span>4,835Re<span class=\"_ _0\"></span>alised <span class=\"_ _9d\"> </span>308<span class=\"_ _109\"> </span>-<span class=\"_ _c4\"> </span>-615<span class=\"_ _1c8\"> </span>-308Write down<span class=\"_ _f0\"> </span>3,754<span class=\"_ _8e\"> </span>19<span class=\"_ _12c\"> </span>2,573<span class=\"_ _47\"> </span>6,347Write down per 3<span class=\"_ _0\"></span>1.12.<span class=\"_ _171\"> </span>3,755<span class=\"_ _53\"> </span>19<span class=\"_ _c8\"> </span>7,100<span class=\"_ _5e\"> </span>10,87<span class=\"_ _1\"></span>4Carrying amount 31.12<span class=\"_ _19c\"> </span><span class=\"ls0\">30,82<span class=\"_ _0\"></span>4<span class=\"_ _45\"> </span>84,9<span class=\"_ _0\"></span>34<span class=\"_ _4b\"> </span>71,449<span class=\"_ _103\"> </span>187,208</span>Not<span class=\"_ _0\"></span>e 2<span class=\"_ _8\"></span>4 - Invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y <span class=\"fc3\">continued</span>(EUR 1,000) Raw  W<span class=\"_ _0\"></span>ork in  Finished 2021mat<span class=\"_ _0\"></span>erials pro<span class=\"_ _a\"></span>gress<span class=\"_ _a\"></span> goods <span class=\"_ _5a\"> </span> T<span class=\"_ _1\"></span>otal Cost 3<span class=\"_ _0\"></span>1.12<span class=\"_ _297\"> </span>20,292<span class=\"_ _46\"> </span>62,800<span class=\"_ _5a\"> </span>66,857<span class=\"_ _22\"> </span>149,9<span class=\"_ _8\"></span>49Write down 01.01<span class=\"_ _298\"> </span>3,028<span class=\"_ _73\"> </span>519<span class=\"_ _5c\"> </span>3,423<span class=\"_ _5c\"> </span>6,970Re<span class=\"_ _0\"></span>alised <span class=\"_ _107\"> </span>-3,028<span class=\"_ _118\"> </span>-519<span class=\"_ _c4\"> </span>-219<span class=\"_ _52\"> </span>-3,7<span class=\"_ _8\"></span>66Write down<span class=\"_ _51\"> </span>-307<span class=\"_ _d8\"> </span>-<span class=\"_ _84\"> </span>1,9<span class=\"_ _8\"></span>38<span class=\"_ _7b\"> </span>1,631Write down per 3<span class=\"_ _0\"></span>1.12.<span class=\"_ _299\"> </span>-307<span class=\"_ _109\"> </span>-<span class=\"_ _5c\"> </span>5,142<span class=\"_ _48\"> </span>4,835Carrying amount 31.12<span class=\"_ _29a\"> </span>20,599<span class=\"_ _22\"> </span>62,800<span class=\"_ _153\"> </span>61,715<span class=\"_ _41\"> </span>145,115Not<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyT<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade and other r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s that ar<span class=\"_ _8\"></span>e held to collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual cash flo<span class=\"_ _0\"></span>ws only and the contr<span class=\"_ _8\"></span>actual ca<span class=\"_ _0\"></span>sh flows ar<span class=\"_ _8\"></span>e solely principal and int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured <span class=\"_ _0\"></span>at amor<span class=\"_ _a\"></span>tised co<span class=\"_ _0\"></span>st usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _8\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est met<span class=\"_ _0\"></span>hod, less an<span class=\"_ _8\"></span>y impairment. Shor<span class=\"_ _a\"></span>t-t<span class=\"_ _8\"></span>erm receiv<span class=\"_ _0\"></span>ables ar<span class=\"_ _8\"></span>e measur<span class=\"_ _8\"></span>ed at nominal v<span class=\"_ _0\"></span>alues r<span class=\"_ _8\"></span>educed by appr<span class=\"_ _0\"></span>opriate allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or expect<span class=\"_ _8\"></span>ed credit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s.Accoun<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s which ar<span class=\"_ _0\"></span>e subject t<span class=\"_ _8\"></span>o non-recour<span class=\"_ _8\"></span>se f<span class=\"_ _0\"></span>actorin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sified as ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>ts held t<span class=\"_ _0\"></span>o collect contr<span class=\"_ _8\"></span>actual ca<span class=\"_ _0\"></span>sh flows and f<span class=\"_ _8\"></span>or sale and ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _8\"></span>ough other compr<span class=\"_ _8\"></span>ehensive income un<span class=\"_ _0\"></span>til they ar<span class=\"_ _8\"></span>e derecog<span class=\"_ _0\"></span>nised.See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or non-derivative fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _0\"></span>ruments ac<span class=\"_ _0\"></span>counting policy<span class=\"_ _8\"></span>.Impairmen<span class=\"_ _0\"></span>t of financi<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>etsThe los<span class=\"_ _0\"></span>s allowance f<span class=\"_ _8\"></span>or expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es is mo<span class=\"_ _0\"></span>stly r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to individual a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s and is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed f<span class=\"_ _8\"></span>or financial as<span class=\"_ _0\"></span>set mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _a\"></span>ti<span class=\"_ _0\"></span>sed cos<span class=\"_ _0\"></span>t or f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ough OCI, contr<span class=\"_ _8\"></span>act ass<span class=\"_ _0\"></span>ets under IFR<span class=\"_ _0\"></span>S 15, leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivables under IFR<span class=\"_ _8\"></span>S 16 and cer<span class=\"_ _a\"></span>tain writt<span class=\"_ _0\"></span>en loan commitment<span class=\"_ _0\"></span>s and financial g<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ee contr<span class=\"_ _8\"></span>acts. Los<span class=\"_ _0\"></span>s allowance i<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed at each r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting da<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>. Los<span class=\"_ _0\"></span>s allowance<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s, contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s and lease r<span class=\"_ _8\"></span>eceivables t<span class=\"_ _0\"></span>hat do not con<span class=\"_ _0\"></span>tain a significan<span class=\"_ _0\"></span>t financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at an amount equal t<span class=\"_ _0\"></span>o lif<span class=\"_ _0\"></span>etime expect<span class=\"_ _8\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es. L<span class=\"_ _0\"></span>oss allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivables, con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act ass<span class=\"_ _0\"></span>ets and leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at do contain a signific<span class=\"_ _0\"></span>ant financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured at an amoun<span class=\"_ _0\"></span>t equal to<span class=\"_ _0\"></span> the lif<span class=\"_ _8\"></span>etime expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es includin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _8\"></span>evenues. When t<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>s no objective evidence of impairmen<span class=\"_ _0\"></span>t, int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e calculat<span class=\"_ _8\"></span>ed based on gr<span class=\"_ _8\"></span>oss c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount, otherwise in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>ests ar<span class=\"_ _8\"></span>e calcul<span class=\"_ _0\"></span>ated b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he net carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t. The amount of the los<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed in pr<span class=\"_ _0\"></span>ofit or loss. In c<span class=\"_ _0\"></span>ase of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s to e<span class=\"_ _8\"></span>xpected cr<span class=\"_ _8\"></span>edit losse<span class=\"_ _0\"></span>s in a subs<span class=\"_ _0\"></span>equent period, the pr<span class=\"_ _8\"></span>eviously r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xt<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>at the carrying value of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed its amor<span class=\"_ _a\"></span>tiz<span class=\"_ _0\"></span>ed cost at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal dat<span class=\"_ _8\"></span>e. Any sub<span class=\"_ _0\"></span>sequent r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal of an impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in pr<span class=\"_ _0\"></span>ofit or los<span class=\"_ _0\"></span>s.Not<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets <span class=\"fc3\">continued</span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables(EUR 1,000)<span class=\"_ _148\"> </span><span class=\"ff2\">2022<span class=\"_ _84\"> </span>2021</span>Account<span class=\"_ _0\"></span>s receivable, g<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s<span class=\"_ _236\"> </span>106,2<span class=\"_ _8\"></span>43<span class=\"_ _52\"> </span>95,7<span class=\"_ _8\"></span>64Allowance<span class=\"_ _0\"></span>s<span class=\"_ _29b\"> </span>-4,045<span class=\"_ _153\"> </span>-4,231Carrying amount 31.12<span class=\"_ _f6\"> </span>102,19<span class=\"_ _0\"></span>7<span class=\"_ _4b\"> </span>91,533T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _0\"></span>ables ar<span class=\"_ _8\"></span>e non-inter<span class=\"_ _8\"></span>est bearin<span class=\"_ _0\"></span>g and ar<span class=\"_ _0\"></span>e gener<span class=\"_ _0\"></span>ally on term<span class=\"_ _0\"></span>s of 30 to 90 d<span class=\"_ _0\"></span>ays. T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables(EUR 1,000)2022<span class=\"_ _225\"> </span>Gro<span class=\"_ _0\"></span>ss carrying amount<span class=\"_ _1bd\"> </span>Los<span class=\"_ _0\"></span>s rat<span class=\"_ _0\"></span>e<span class=\"_ _22\"> </span>Expect<span class=\"_ _0\"></span>ed credit los<span class=\"_ _0\"></span>sCurr<span class=\"_ _0\"></span>ent<span class=\"_ _15d\"> </span>84,354<span class=\"_ _29c\"> </span>2.9 %<span class=\"_ _19f\"> </span>2,443Up to 7 d<span class=\"_ _0\"></span>ays<span class=\"_ _151\"> </span>8,422<span class=\"_ _1bb\"> </span>0.0 %<span class=\"_ _db\"> </span>-Up to 30 d<span class=\"_ _0\"></span>ays<span class=\"_ _29a\"> </span>3,677<span class=\"_ _29d\"> </span>0.3 %<span class=\"_ _15f\"> </span>1130-60 days<span class=\"_ _ad\"> </span>2,558<span class=\"_ _29c\"> </span>6.6 %<span class=\"_ _13e\"> </span><span class=\"ls1 ws1\">1<span class=\"_ _a\"></span>69</span>60-90 days<span class=\"_ _299\"> </span>1,416<span class=\"_ _29c\"> </span>2.0 %<span class=\"_ _293\"> </span>29Over 90 da<span class=\"_ _0\"></span>ys<span class=\"_ _19c\"> </span>5,815<span class=\"_ _1a3\"> </span>2<span class=\"_ _0\"></span>4.0 %<span class=\"_ _29e\"> </span>1,395To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _154\"> </span><span class=\"ls0 ws0\">106,243<span class=\"_ _162\"> </span>3.8 %<span class=\"_ _1bb\"> </span>4,045</span>(EUR 1,000)2021<span class=\"_ _18e\"> </span>Gross ca<span class=\"_ _0\"></span>rr<span class=\"_ _a\"></span>ying amount<span class=\"_ _1bd\"> </span>L<span class=\"_ _0\"></span>oss r<span class=\"_ _0\"></span>ate<span class=\"_ _2b\"> </span>Expected credit lo<span class=\"_ _0\"></span>ssCurr<span class=\"_ _0\"></span>ent<span class=\"_ _16f\"> </span>77,293<span class=\"_ _29f\"> </span>1.4 %<span class=\"_ _29f\"> </span>1,084Up to 7 d<span class=\"_ _0\"></span>ays<span class=\"_ _171\"> </span>5,157<span class=\"_ _29c\"> </span>0.2 %<span class=\"_ _159\"> </span>8Up to 30 d<span class=\"_ _0\"></span>ays<span class=\"_ _fc\"> </span>5,356<span class=\"_ _138\"> </span>1.3 %<span class=\"_ _95\"> </span><span class=\"lsb2 ws1d2\">67</span>30-60 days<span class=\"_ _299\"> </span>1,907<span class=\"_ _29c\"> </span>8.9 %<span class=\"_ _13e\"> </span><span class=\"ls5 wsd\">1<span class=\"_ _a\"></span>70</span>60-90 days<span class=\"_ _78\"> </span>1,198<span class=\"_ _19f\"> </span>5.2 %<span class=\"_ _2a0\"> </span><span class=\"ls5a wsaa\">62</span>Over 90 da<span class=\"_ _0\"></span>ys<span class=\"_ _195\"> </span>4,853<span class=\"_ _2a1\"> </span>58.5 %<span class=\"_ _29c\"> </span>2,840To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _203\"> </span><span class=\"ls0 ws0\">95,7<span class=\"_ _1\"></span>64<span class=\"_ _162\"> </span>4.4 %<span class=\"_ _19f\"> </span>4,231</span>Not<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets <span class=\"fc3\">continued</span>Movemen<span class=\"_ _0\"></span>t in the allow<span class=\"_ _0\"></span>ance f<span class=\"_ _0\"></span>or expect<span class=\"_ _8\"></span>ed credit los<span class=\"_ _0\"></span>ses of t<span class=\"_ _0\"></span>rade r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _148\"> </span><span class=\"ff2\">2022<span class=\"_ _84\"> </span>2021</span>As at 1.1<span class=\"_ _2a2\"> </span> 4,231<span class=\"_ _c1\"> </span> 3,834Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _2a3\"> </span>802<span class=\"_ _d8\"> </span>-Chang<span class=\"_ _0\"></span>e in provi<span class=\"_ _0\"></span>sion for e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es<span class=\"_ _b4\"> </span>-721<span class=\"_ _55\"> </span><span class=\"lsa9 wsc\">4<span class=\"_ _a\"></span>93</span>Chang<span class=\"_ _0\"></span>e in write-off<span class=\"_ _2a4\"> </span>-16<span class=\"_ _69\"> </span>-18F<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange mov<span class=\"_ _0\"></span>ement<span class=\"_ _5f\"> </span>-251<span class=\"_ _108\"> </span><span class=\"lsb9 ws205\">-<span class=\"_ _a\"></span>78</span>Carrying amount 31.12<span class=\"_ _2a5\"> </span>4,045<span class=\"_ _5c\"> </span>4,231Other cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _148\"> </span><span class=\"ff2\">2022<span class=\"_ _84\"> </span>2021</span>Pr<span class=\"_ _0\"></span>oject income earned, not invoiced<span class=\"_ _2a6\"> </span>39,195<span class=\"_ _5a\"> </span>36,27<span class=\"_ _8\"></span>6Pr<span class=\"_ _0\"></span>epaid support <span class=\"_ _2a7\"> </span>2,129<span class=\"_ _5c\"> </span>2,5201)Contr<span class=\"_ _0\"></span>act asset<span class=\"_ _0\"></span>s 41,32<span class=\"_ _0\"></span>4<span class=\"_ _15\"> </span>38,796Pr<span class=\"_ _0\"></span>epayment<span class=\"_ _0\"></span>s and accrued expens<span class=\"_ _0\"></span>es<span class=\"_ _1f5\"> </span>14,47<span class=\"_ _1\"></span>6<span class=\"_ _47\"> </span>9,997V.A.T<span class=\"_ _8\"></span>. receivable<span class=\"_ _1f6\"> </span>2<span class=\"_ _8\"></span>4,639<span class=\"_ _5a\"> </span>19,330Accrued income t<span class=\"_ _0\"></span>ax receivable<span class=\"_ _0\"></span>s<span class=\"_ _21a\"> </span>5,382<span class=\"_ _7f\"> </span>6,951Financial ins<span class=\"_ _0\"></span>truments<span class=\"_ _230\"> </span>999<span class=\"_ _47\"> </span>5,6<span class=\"_ _0\"></span>96Finance lea<span class=\"_ _0\"></span>sing receiv<span class=\"_ _0\"></span>able shor<span class=\"_ _a\"></span>t t<span class=\"_ _0\"></span>erm<span class=\"_ _2a6\"> </span>2,362<span class=\"_ _c8\"> </span>4,564Curr<span class=\"_ _0\"></span>ent invest<span class=\"_ _0\"></span>ments of shar<span class=\"_ _0\"></span>es<span class=\"_ _2a8\"> </span>4,829<span class=\"_ _d8\"> </span>-Other curr<span class=\"_ _8\"></span>ent receivable<span class=\"_ _0\"></span>s<span class=\"_ _1ed\"> </span>15,2<span class=\"_ _0\"></span>02<span class=\"_ _52\"> </span>16,260Carrying amount 31.12 1)<span class=\"_ _4a\"> </span>109,214<span class=\"_ _40\"> </span>101,5951) Contr<span class=\"_ _8\"></span>act assets consi<span class=\"_ _0\"></span>st of pr<span class=\"_ _0\"></span>epaid r<span class=\"_ _0\"></span>ebate<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ed futur<span class=\"_ _8\"></span>e sales of carton and clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>otal of pr<span class=\"_ _0\"></span>epaid support was EUR 5,904 thou<span class=\"_ _0\"></span>sand in 2022 and EUR 7,687 t<span class=\"_ _0\"></span>housand in 2021. Based on c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer knowledge and e<span class=\"_ _8\"></span>xperience of ver<span class=\"_ _a\"></span>y f<span class=\"_ _0\"></span>ew loss<span class=\"_ _0\"></span>es, the cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _8\"></span>elated t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>epaid support is consider<span class=\"_ _0\"></span>ed insignific<span class=\"_ _0\"></span>ant.Not<span class=\"_ _0\"></span>e 26 - E<span class=\"_ _0\"></span>mploy<span class=\"_ _0\"></span>ee reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t benefit plansDefined contributi<span class=\"_ _0\"></span>on plansThe Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s defined contribution pen<span class=\"_ _0\"></span>sion plans wher<span class=\"_ _8\"></span>e the plans ar<span class=\"_ _8\"></span>e held separ<span class=\"_ _0\"></span>ately f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om thos<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _8\"></span>oup in funds under con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of tru<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ees. The only obligation of the Gr<span class=\"_ _8\"></span>oup is t<span class=\"_ _8\"></span>o mak<span class=\"_ _0\"></span>e the specified con<span class=\"_ _0\"></span>tributions.Defined benefit plan<span class=\"_ _0\"></span>sThe Gr<span class=\"_ _0\"></span>oup also r<span class=\"_ _0\"></span>uns pension plan<span class=\"_ _0\"></span>s that g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ant the employ<span class=\"_ _0\"></span>ees a right t<span class=\"_ _8\"></span>o defined fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e bene<span class=\"ws0\">-</span>fits. The<span class=\"_ _0\"></span>se defined benefit plans include in t<span class=\"_ _8\"></span>otal 7 pers<span class=\"_ _0\"></span>ons, which is one per<span class=\"_ _0\"></span>son le<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>anf<span class=\"_ _0\"></span>or 2021. The benefits ar<span class=\"_ _8\"></span>e mainly dependent on ye<span class=\"_ _0\"></span>ars of s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice, the le<span class=\"_ _0\"></span>vel of sal<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y at age of r<span class=\"_ _0\"></span>etir<span class=\"_ _0\"></span>ement and size of <span class=\"_ _0\"></span>contributions f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he nation<span class=\"_ _0\"></span>al insur<span class=\"_ _8\"></span>ance. The obligations ar<span class=\"_ _0\"></span>e par<span class=\"_ _a\"></span>tly cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough ins<span class=\"_ _0\"></span>uranc<span class=\"_ _0\"></span>e companies. Elop<span class=\"_ _0\"></span>ak ha<span class=\"_ _0\"></span>s unfun<span class=\"_ _0\"></span>ded ret<span class=\"_ _0\"></span>iree med<span class=\"_ _0\"></span>ical insur<span class=\"_ _8\"></span>ance plans f<span class=\"_ _0\"></span>or cer<span class=\"_ _a\"></span>tain of its emplo<span class=\"_ _0\"></span>yees loc<span class=\"_ _0\"></span>ated in t<span class=\"_ _0\"></span>he Unit<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>es.P<span class=\"_ _0\"></span>ension liability(EUR 1,000)<span class=\"_ _148\"> </span><span class=\"ff2\">2022<span class=\"_ _84\"> </span>2021</span>Defined benefit obligations<span class=\"_ _2a9\"> </span>-2,668<span class=\"_ _106\"> </span>-2,580F<span class=\"_ _0\"></span>air value of plan a<span class=\"_ _0\"></span>ssets<span class=\"_ _2aa\"> </span>-<span class=\"_ _8e\"> </span>16Net pension liability<span class=\"_ _4d\"> </span>-2,668<span class=\"_ _49\"> </span>-2,563P<span class=\"_ _0\"></span>ension e<span class=\"_ _0\"></span>xpense(EUR 1,000)<span class=\"_ _148\"> </span><span class=\"ff2\">2022<span class=\"_ _84\"> </span>2021</span>Defined benefit plans net<span class=\"_ _4d\"> </span>84<span class=\"_ _df\"> </span>36Defined contribution plan<span class=\"_ _0\"></span>s<span class=\"_ _2ab\"> </span>9,597<span class=\"_ _1c8\"> </span>9,851T<span class=\"_ _1\"></span>otal pension expen<span class=\"_ _0\"></span>ses<span class=\"_ _21e\"> </span>9,681<span class=\"_ _c8\"> </span>9,887Defined benefit plans ar<span class=\"_ _8\"></span>e subject t<span class=\"_ _0\"></span>o actuarial c<span class=\"_ _0\"></span>alculation<span class=\"_ _0\"></span>s. The estim<span class=\"_ _0\"></span>ated pen<span class=\"_ _0\"></span>sion cost f<span class=\"_ _8\"></span>or pension benefit plan<span class=\"_ _0\"></span>s in 2022 is EUR 84 t<span class=\"_ _0\"></span>housand and in 2<span class=\"_ _0\"></span>021 is EUR 36 thou<span class=\"_ _0\"></span>sand.Not<span class=\"_ _0\"></span>e 27 - Capital m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agementElopak\u2019<span class=\"_ _f\"></span>s level of capital and ho<span class=\"_ _0\"></span>w this i<span class=\"_ _0\"></span>s man<span class=\"_ _0\"></span>aged r<span class=\"_ _8\"></span>elate<span class=\"_ _0\"></span>s closely t<span class=\"_ _8\"></span>o the Compan<span class=\"_ _0\"></span>y<span class=\"_ _a\"></span>\u2019<span class=\"_ _1\"></span>s ri<span class=\"_ _0\"></span>sk pr<span class=\"_ _0\"></span>ofile and the Compan<span class=\"_ _8\"></span>y<span class=\"_ _16\"></span>\u2019<span class=\"_ _f\"></span>s abilit<span class=\"_ _a\"></span>y t<span class=\"_ _0\"></span>o withst<span class=\"_ _0\"></span>and turbulen<span class=\"_ _0\"></span>t times. The m<span class=\"_ _0\"></span>ain objectives when Elop<span class=\"_ _0\"></span>ak ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s their capital m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement is t<span class=\"_ _8\"></span>o minimize financin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>ts, while main<span class=\"_ _0\"></span>taining adequat<span class=\"_ _0\"></span>e liquidity and flexibility f<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _8\"></span>erm liquidity needs and M&amp;A activities. Elopak\u2019<span class=\"_ _f\"></span>s financial guidin<span class=\"_ _0\"></span>g is t<span class=\"_ _0\"></span>o pay out dividend<span class=\"_ _0\"></span>s equal to 50% - 60% of adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed net profit<span class=\"_ _0\"></span>s.All financin<span class=\"_ _0\"></span>g activities ar<span class=\"_ _8\"></span>e manag<span class=\"_ _0\"></span>ed by the cen<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>al T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y at the par<span class=\"_ _0\"></span>ent compan<span class=\"_ _8\"></span>y level. The capital need<span class=\"_ _0\"></span>s of Elopak subsidi<span class=\"_ _0\"></span>aries ar<span class=\"_ _0\"></span>e mainly co<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>ed by gr<span class=\"_ _0\"></span>anting int<span class=\"_ _8\"></span>ernal loans or b<span class=\"_ _0\"></span>y equity injection wher<span class=\"_ _0\"></span>e applicable. The short-term liquidity needs of Elop<span class=\"_ _0\"></span>ak gr<span class=\"_ _0\"></span>oup companies ar<span class=\"_ _8\"></span>e man<span class=\"_ _0\"></span>aged at gr<span class=\"_ _8\"></span>oup level thr<span class=\"_ _8\"></span>ough the Elopak int<span class=\"_ _8\"></span>ernal bank and c<span class=\"_ _0\"></span>ash-pooling. The fin<span class=\"_ _0\"></span>ancial guidin<span class=\"_ _0\"></span>g also tar<span class=\"_ _8\"></span>gets const<span class=\"_ _0\"></span>antly th<span class=\"_ _0\"></span>at the Compan<span class=\"_ _8\"></span>y reduce<span class=\"_ _0\"></span>s its gearin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>atio and to be ~2.0x EBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A on a mid-term ba<span class=\"_ _0\"></span>sis.The financial c<span class=\"_ _0\"></span>oven<span class=\"_ _0\"></span>ants under Elopak\u2019<span class=\"_ _f\"></span>s R<span class=\"_ _0\"></span>evolvin<span class=\"_ _0\"></span>g Cr<span class=\"_ _0\"></span>edit F<span class=\"_ _8\"></span>acility are limit<span class=\"_ _8\"></span>ed to a m<span class=\"_ _0\"></span>aximum gearin<span class=\"_ _0\"></span>g ratio (Net In<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est Bearin<span class=\"_ _0\"></span>g Debit/EBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A) of 4.55x and to hold a minimum equity of EUR 100 million at all times. F<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>thermor<span class=\"_ _0\"></span>e, ther<span class=\"_ _0\"></span>e is al<span class=\"_ _0\"></span>so a \u201c<span class=\"_ _8\"></span>Chang<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>ol\u201d ownership cl<span class=\"_ _0\"></span>ause in place t<span class=\"_ _0\"></span>hat commits F<span class=\"_ _8\"></span>er<span class=\"_ _0\"></span>d to hold at lea<span class=\"_ _0\"></span>st 1/3 of the t<span class=\"_ _8\"></span>otal shar<span class=\"_ _8\"></span>es outst<span class=\"_ _0\"></span>anding.Not<span class=\"_ _0\"></span>e 28 \u2013 Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st-beari<span class=\"_ _0\"></span>ng loan<span class=\"_ _0\"></span>s and borr<span class=\"_ _0\"></span>owing<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicySee Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or non-derivative fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _0\"></span>ruments ac<span class=\"_ _0\"></span>counting policy<span class=\"_ _8\"></span>.Int<span class=\"_ _8\"></span>erest<span class=\"_ _0\"></span>-bearing lo<span class=\"_ _0\"></span>ans and borr<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>gs2022<span class=\"_ _23c\"> </span>2021(EUR 1,000)<span class=\"_ _2ac\"> </span><span class=\"ff2\">Av<span class=\"_ _0\"></span>ailable<span class=\"_ _3f\"> </span>Utilised<span class=\"_ _123\"> </span>Av<span class=\"_ _0\"></span>ailable<span class=\"_ _3f\"> </span>Utilised</span>Curr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _281\"> </span>57,0<span class=\"_ _0\"></span>73<span class=\"_ _153\"> </span>21,682<span class=\"_ _15\"> </span>56,804<span class=\"_ _52\"> </span>14,420Non-curr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _2ad\"> </span>400,000<span class=\"_ _f9\"> </span>304,033<span class=\"_ _1b3\"> </span>400,000<span class=\"_ _2b\"> </span>169,433To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2ae\"> </span><span class=\"ls0 ws0\">325,715<span class=\"_ _29c\"> </span>183,854</span>R<span class=\"_ _0\"></span>epaymen<span class=\"_ _0\"></span>t profile(EUR 1,000)<span class=\"_ _2af\"> </span><span class=\"ff2\">2022<span class=\"_ _6b\"> </span>2021</span>2022<span class=\"_ _181\"> </span>-<span class=\"_ _c4\"> </span>14,4202023<span class=\"_ _26c\"> </span>21,682<span class=\"_ _c8\"> </span>170,0002<span class=\"_ _a\"></span>024<span class=\"_ _1e4\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _a4\"> </span>-</span>2025<span class=\"_ _7c\"> </span>305,000<span class=\"_ _ac\"> </span>-To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2b0\"> </span><span class=\"ls0 ws0\">326,682<span class=\"_ _153\"> </span>184,420</span>W<span class=\"_ _8\"></span>eighted a<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>age int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s on long t<span class=\"_ _0\"></span>erm loans2022<span class=\"_ _2b1\"> </span>2021(EUR 1,000)<span class=\"_ _20b\"> </span><span class=\"ff2 lsd ws1a\">Rate<span class=\"_ _47\"> </span></span><span class=\"ff2\">in Ccy <span class=\"_ _52\"> </span>in EUR<span class=\"_ _47\"> </span>in Ccy <span class=\"_ _52\"> </span>in EUR</span>EUR<span class=\"_ _2b2\"> </span>2,04 %<span class=\"_ _28\"> </span>305,000 <span class=\"_ _103\"> </span>305,000 <span class=\"_ _45\"> </span>17<span class=\"_ _0\"></span>0,000 <span class=\"_ _45\"> </span>170,000 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1e3\"> </span><span class=\"ls0 ws0\">305,000<span class=\"_ _242\"> </span>170,000</span>The value<span class=\"_ _0\"></span>s above ar<span class=\"_ _8\"></span>e gr<span class=\"_ _0\"></span>oss amoun<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xcludin<span class=\"_ _0\"></span>g amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ed borr<span class=\"_ _0\"></span>owing co<span class=\"_ _0\"></span>sts.The long t<span class=\"_ _8\"></span>erm loans ar<span class=\"_ _0\"></span>e dr<span class=\"_ _0\"></span>awn under a EUR 400,000 multi curr<span class=\"_ _8\"></span>ency r<span class=\"_ _0\"></span>evolving cr<span class=\"_ _8\"></span>edit f<span class=\"_ _0\"></span>acility. The f<span class=\"_ _0\"></span>acility is av<span class=\"_ _0\"></span>ailable until M<span class=\"_ _0\"></span>ay 2025. Amoun<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e shown net of pr<span class=\"_ _0\"></span>epaid tr<span class=\"_ _8\"></span>ansaction co<span class=\"_ _0\"></span>sts. Chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s<span class=\"_ _a\"></span> t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _0\"></span>oups debt pr<span class=\"_ _8\"></span>ofile reflect ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in the f<span class=\"_ _0\"></span>unctional c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ency of entities within t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup.Elopak ha<span class=\"_ _0\"></span>s sev<span class=\"_ _0\"></span>eral b<span class=\"_ _0\"></span>ank coven<span class=\"_ _0\"></span>ants r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he syndicat<span class=\"_ _8\"></span>e loan f<span class=\"_ _0\"></span>acility. The m<span class=\"_ _0\"></span>ain coven<span class=\"_ _0\"></span>ants ar<span class=\"_ _8\"></span>e:<span class=\"_ _a\"></span> i) Net Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est Be<span class=\"_ _0\"></span>aring Debt divided by 12 mon<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>olling EBI<span class=\"_ _8\"></span>TD<span class=\"_ _0\"></span>A, and ii) Nominal E<span class=\"_ _8\"></span>quity. Elopak is in compli<span class=\"_ _0\"></span>ance with all cov<span class=\"_ _0\"></span>enant<span class=\"_ _0\"></span>s as of 3<span class=\"_ _0\"></span>1 December 2022 and e<span class=\"_ _0\"></span>xpects t<span class=\"_ _0\"></span>o be compliant with all bank cov<span class=\"_ _0\"></span>enan<span class=\"_ _0\"></span>ts under the sy<span class=\"_ _0\"></span>ndicat<span class=\"_ _0\"></span>e loan agr<span class=\"_ _8\"></span>eement for t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eseeable f<span class=\"_ _8\"></span>utur<span class=\"_ _8\"></span>e.Account<span class=\"_ _0\"></span>s receiv<span class=\"_ _0\"></span>ables f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>oring f<span class=\"_ _8\"></span>acilities(EUR 1,000)<span class=\"_ _2ac\"> </span><span class=\"ff2\">Av<span class=\"_ _0\"></span>ailable<span class=\"_ _10b\"> </span>2022<span class=\"_ _123\"> </span>Avail<span class=\"_ _0\"></span>able<span class=\"_ _194\"> </span>2<span class=\"_ _0\"></span>021</span>Non-rec<span class=\"_ _0\"></span>ourse<span class=\"_ _a8\"> </span>17<span class=\"_ _0\"></span>9,275<span class=\"_ _c1\"> </span>41,823<span class=\"_ _46\"> </span>130,167<span class=\"_ _45\"> </span>40,034To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _231\"> </span><span class=\"ls0 ws0\">41,823<span class=\"_ _138\"> </span>40,034</span>Elopak f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s its r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s in the or<span class=\"_ _8\"></span>dinar<span class=\"_ _a\"></span>y cour<span class=\"_ _0\"></span>se of busine<span class=\"_ _0\"></span>ss. The r<span class=\"_ _8\"></span>elevant r<span class=\"_ _8\"></span>eceivables ar<span class=\"_ _8\"></span>e der<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and the utili<span class=\"_ _0\"></span>sed par<span class=\"_ _a\"></span>t of the f<span class=\"_ _8\"></span>acility is not pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed as debt.Not<span class=\"_ _0\"></span>e 29 - Other cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t liabilitiesOther cur<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>abilities(EUR 1,000)<span class=\"_ _2af\"> </span><span class=\"ff2\">2022<span class=\"_ _6b\"> </span>2021</span>Pr<span class=\"_ _0\"></span>ovisions<span class=\"_ _148\"> </span>681<span class=\"_ _7a\"> </span>1,452Accrued e<span class=\"_ _0\"></span>xpenses<span class=\"_ _4d\"> </span>7<span class=\"_ _0\"></span>0,547<span class=\"_ _155\"> </span><span class=\"ls3 wsc8\">62<span class=\"_ _a\"></span>,731</span>Derivative<span class=\"_ _0\"></span>s (Note 30)<span class=\"_ _2b3\"> </span>4,268<span class=\"_ _7a\"> </span>2,189Pr<span class=\"_ _0\"></span>epaid f<span class=\"_ _0\"></span>rom cu<span class=\"_ _0\"></span>stomer<span class=\"_ _0\"></span>s<span class=\"_ _2a9\"> </span>25,9<span class=\"_ _8\"></span>32<span class=\"_ _ca\"> </span>18,459To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _25b\"> </span><span class=\"ls0 ws0\">101,429<span class=\"_ _84\"> </span>84,832</span>Not<span class=\"_ _0\"></span>e 30 - Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agementAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to deriv<span class=\"_ _0\"></span>ative financi<span class=\"_ _0\"></span>al instrumen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o man<span class=\"_ _0\"></span>age its e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>e and ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erial ri<span class=\"_ _0\"></span>sk arising f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, financin<span class=\"_ _0\"></span>g and inve<span class=\"_ _0\"></span>stment activities. In accor<span class=\"_ _8\"></span>dance with it<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y policy<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup does not hold or i<span class=\"_ _0\"></span>ssue deriv<span class=\"_ _0\"></span>ative financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ading purpo<span class=\"_ _0\"></span>ses.Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, where deriv<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>s qualify for hedg<span class=\"_ _0\"></span>e accounting, r<span class=\"_ _8\"></span>ecognition of an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>ant gain or los<span class=\"_ _0\"></span>s depends on the n<span class=\"_ _0\"></span>atur<span class=\"_ _8\"></span>e of the hedging r<span class=\"_ _8\"></span>elationship. The Gr<span class=\"_ _8\"></span>oup design<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s cer<span class=\"_ _a\"></span>tain deriv<span class=\"ws0\">-</span>ative<span class=\"_ _0\"></span>s as either hedg<span class=\"_ _0\"></span>e of the f<span class=\"_ _0\"></span>air value of r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets or liabilities or fir<span class=\"_ _0\"></span>m commitments (f<span class=\"_ _0\"></span>air value hedge<span class=\"_ _0\"></span>s), or hedge of highly pr<span class=\"_ _0\"></span>obable f<span class=\"_ _8\"></span>oreca<span class=\"_ _0\"></span>st tr<span class=\"_ _8\"></span>ansactions or hedge of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency risk of firm commitmen<span class=\"_ _0\"></span>ts (ca<span class=\"_ _0\"></span>sh flow hedge<span class=\"_ _0\"></span>s).At inception of the hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elationship, t<span class=\"_ _0\"></span>he entity documents t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elationship between t<span class=\"_ _0\"></span>he hedging ins<span class=\"_ _0\"></span>trument and t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, along wit<span class=\"_ _0\"></span>h its risk m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement objective<span class=\"_ _0\"></span>s and its str<span class=\"_ _8\"></span>ategy for <span class=\"_ _0\"></span>under<span class=\"_ _a\"></span>taking v<span class=\"_ _0\"></span>arious hedge tr<span class=\"_ _8\"></span>ansactions. F<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>thermor<span class=\"_ _0\"></span>e, at the inception of t<span class=\"_ _0\"></span>he hedge and on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis, t<span class=\"_ _0\"></span>he Group doc<span class=\"_ _0\"></span>uments whet<span class=\"_ _0\"></span>her the hedging in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t that is u<span class=\"_ _0\"></span>sed in a hedging r<span class=\"_ _8\"></span>elationship i<span class=\"_ _0\"></span>s highly eff<span class=\"_ _0\"></span>ective in off<span class=\"_ _0\"></span>settin<span class=\"_ _0\"></span>g chang<span class=\"_ _0\"></span>es in f<span class=\"_ _8\"></span>air values or ca<span class=\"_ _0\"></span>sh flows of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em.Balance sheet m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gementThe Gr<span class=\"_ _0\"></span>oup man<span class=\"_ _0\"></span>ages t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet to en<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e a health<span class=\"_ _8\"></span>y financial position and liquidity<span class=\"_ _0\"></span>. This i<span class=\"_ _0\"></span>s done thr<span class=\"_ _8\"></span>ough an annual budgeting pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ollowed by perfor<span class=\"_ _0\"></span>mance m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t and f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecas<span class=\"_ _0\"></span>ting updat<span class=\"_ _8\"></span>es t<span class=\"_ _0\"></span>o ensur<span class=\"_ _8\"></span>e adequate financi<span class=\"_ _0\"></span>al flexibility and liquidity f<span class=\"_ _0\"></span>or the Compan<span class=\"_ _8\"></span>y. The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s main bank co<span class=\"_ _0\"></span>venan<span class=\"_ _0\"></span>ts, es<span class=\"_ _0\"></span>pecially the net int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st bearing debt/ E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A, are monit<span class=\"_ _8\"></span>ored clos<span class=\"_ _0\"></span>ely on a continuous ba<span class=\"_ _0\"></span>sis t<span class=\"_ _0\"></span>o ensur<span class=\"_ _8\"></span>e compliance at all times.Fina<span class=\"_ _0\"></span>ncial risk policyThe Gr<span class=\"_ _0\"></span>oup is e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et risk, cr<span class=\"_ _8\"></span>edit risk and liquidity risk. Ri<span class=\"_ _0\"></span>sk man<span class=\"_ _8\"></span>agement activities ar<span class=\"_ _0\"></span>e gov<span class=\"_ _0\"></span>erned by appr<span class=\"_ _8\"></span>opriate policie<span class=\"_ _0\"></span>s and procedur<span class=\"_ _8\"></span>es. Ris<span class=\"_ _0\"></span>ks ar<span class=\"_ _8\"></span>e identified, measur<span class=\"_ _8\"></span>ed and man<span class=\"_ _0\"></span>aged in accor<span class=\"_ _8\"></span>dance with t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's policies and risk objectiv<span class=\"_ _0\"></span>es. It i<span class=\"_ _0\"></span>s the Gr<span class=\"_ _0\"></span>oup's policy th<span class=\"_ _0\"></span>at no tr<span class=\"_ _0\"></span>ading in deriv<span class=\"_ _0\"></span>atives f<span class=\"_ _8\"></span>or speculativ<span class=\"_ _0\"></span>e purpos<span class=\"_ _0\"></span>es sh<span class=\"_ _0\"></span>all be under<span class=\"_ _a\"></span>tak<span class=\"_ _0\"></span>en. Ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no significan<span class=\"_ _0\"></span>t chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he mana<span class=\"_ _0\"></span>gement of ris<span class=\"_ _0\"></span>ks r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o financials durin<span class=\"_ _0\"></span>g the period.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>CA<span class=\"_ _1\"></span>T<span class=\"_ _8\"></span>EGOR<span class=\"_ _0\"></span>IES OF FINANCIAL R<span class=\"_ _8\"></span>ISK T<span class=\"_ _8\"></span>O OPERA<span class=\"_ _1\"></span>TIONAL BUSINE<span class=\"_ _0\"></span>SS1. Mar<span class=\"_ _0\"></span>ket ri<span class=\"_ _0\"></span>skMark<span class=\"_ _8\"></span>et risk i<span class=\"_ _0\"></span>s the risk t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash flows of a fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _0\"></span>trument will fluctuat<span class=\"_ _8\"></span>e because of ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et prices. Mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es compris<span class=\"_ _0\"></span>e thr<span class=\"_ _8\"></span>ee t<span class=\"_ _a\"></span>ypes of ri<span class=\"_ _0\"></span>sk: curr<span class=\"_ _8\"></span>ency risk, commodity price risk and in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ate ri<span class=\"_ _0\"></span>sk. Elopak buys deriv<span class=\"_ _0\"></span>atives t<span class=\"_ _8\"></span>o manag<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s and seek<span class=\"_ _0\"></span>s to apply hedg<span class=\"_ _0\"></span>e accounting t<span class=\"_ _8\"></span>o manag<span class=\"_ _0\"></span>e volatility in pr<span class=\"_ _8\"></span>ofit or loss. Hedge accountin<span class=\"_ _0\"></span>g is applied t<span class=\"_ _0\"></span>o all curr<span class=\"_ _8\"></span>ency and commodit<span class=\"_ _a\"></span>y derivativ<span class=\"_ _0\"></span>es, while int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e derivative<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not subject t<span class=\"_ _0\"></span>o hedge accoun<span class=\"_ _0\"></span>tingDerivativ<span class=\"_ _0\"></span>esDecember 31, 2022<span class=\"_ _204\"> </span>December 31, 2021(EUR 1,000)<span class=\"_ _96\"> </span><span class=\"ff2 ls17 ws66\">As<span class=\"_ _a\"></span>sets<span class=\"_ _2b4\"> </span></span>Liabilities<span class=\"_ _1c8\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _16\"></span>a<span class=\"_ _16\"></span>l<span class=\"_ _c1\"> </span><span class=\"ls17 ws66\">As<span class=\"_ _a\"></span>sets<span class=\"_ _2b4\"> </span></span>Liabilities<span class=\"_ _1c8\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"></span>t<span class=\"_ _16\"></span>a<span class=\"_ _16\"></span>l</span>Curr<span class=\"_ _0\"></span>ency derivatives<span class=\"_ _13e\"> </span><span class=\"lsb5 ws1f8\">74<span class=\"_ _2\"> </span>7<span class=\"_ _142\"> </span></span>1,280<span class=\"_ _142\"> </span>-534<span class=\"_ _50\"> </span>836<span class=\"_ _10b\"> </span>2,079<span class=\"_ _4c\"> </span>-1,244Commodity derivatives<span class=\"_ _2b5\"> </span>-<span class=\"_ _194\"> </span>3,3<span class=\"_ _0\"></span>18<span class=\"_ _4c\"> </span>-3,318<span class=\"_ _5c\"> </span>5,303<span class=\"_ _104\"> </span>-<span class=\"_ _47\"> </span>5,303Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t derivatives<span class=\"_ _90\"> </span>7,063<span class=\"_ _104\"> </span>-<span class=\"_ _12c\"> </span>7,063<span class=\"_ _108\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _a\"></span>8<span class=\"_ _12c\"> </span></span>2,058<span class=\"_ _84\"> </span>-1,811To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2b6\"> </span><span class=\"ls0 ws0\">7,810<span class=\"_ _c8\"> </span>4,598<span class=\"_ _1c8\"> </span>3,212<span class=\"_ _c8\"> </span>6,386<span class=\"_ _47\"> </span>4,138<span class=\"_ _47\"> </span>2,2<span class=\"_ _0\"></span>49</span>The f<span class=\"_ _0\"></span>ull f<span class=\"_ _0\"></span>air value of a derivativ<span class=\"_ _0\"></span>e is cla<span class=\"_ _0\"></span>ssified as \"Ot<span class=\"_ _0\"></span>her non-curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets or \"Other non-cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> liabilities\" if t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g mat<span class=\"_ _0\"></span>urity of the derivativ<span class=\"_ _0\"></span>e is mor<span class=\"_ _8\"></span>e than 12 mont<span class=\"_ _0\"></span>hs and, as \"Ot<span class=\"_ _0\"></span>her curr<span class=\"_ _8\"></span>ent<span class=\"_ _a\"></span> ass<span class=\"_ _0\"></span>ets\" or \"Other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent liabilitie<span class=\"_ _0\"></span>s\", if the mat<span class=\"_ _8\"></span>urit<span class=\"_ _a\"></span>y of the deriv<span class=\"_ _0\"></span>ative i<span class=\"_ _0\"></span>s less t<span class=\"_ _0\"></span>han 12 mont<span class=\"_ _0\"></span>hs. The f<span class=\"_ _0\"></span>air value e<span class=\"_ _0\"></span>stimation of deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments h<span class=\"_ _0\"></span>as been arriv<span class=\"_ _0\"></span>ed at by applying a lev<span class=\"_ _0\"></span>el 2<span class=\"_ _a\"></span> valuation met<span class=\"_ _0\"></span>hodolog<span class=\"_ _a\"></span>y which us<span class=\"_ _0\"></span>es inputs ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an unadjus<span class=\"_ _0\"></span>ted quot<span class=\"_ _8\"></span>ed prices f<span class=\"_ _0\"></span>or identical a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s<span class=\"_ _a\"></span> and liabilities, wit<span class=\"_ _0\"></span>h chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _8\"></span>air value ar<span class=\"_ _0\"></span>e ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e recog<span class=\"_ _0\"></span>nized in t<span class=\"_ _0\"></span>he income stat<span class=\"_ _0\"></span>ement. No other m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial financial a<span class=\"_ _0\"></span>ssets or li<span class=\"_ _0\"></span>abilities ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _8\"></span>ough profit or lo<span class=\"_ _0\"></span>ss.Wher<span class=\"_ _0\"></span>e eligible, derivativ<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or hedging ar<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ed in ca<span class=\"_ _0\"></span>sh flow hedge accoun<span class=\"_ _0\"></span>ting r<span class=\"_ _0\"></span>elationship<span class=\"_ _0\"></span>s.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Curr<span class=\"_ _0\"></span>ency riskElopak's e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to t<span class=\"_ _0\"></span>he risk of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es prim<span class=\"_ _0\"></span>arily to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's oper<span class=\"_ _0\"></span>ating activities, fin<span class=\"_ _0\"></span>ancing of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n oper<span class=\"_ _0\"></span>ations and the Gr<span class=\"_ _8\"></span>oup's net invest<span class=\"_ _0\"></span>ments in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign sub<span class=\"_ _0\"></span>sidiaries.The carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amounts of the Gr<span class=\"_ _8\"></span>oup's f<span class=\"_ _0\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency denominat<span class=\"_ _0\"></span>ed monetar<span class=\"_ _a\"></span>y ass<span class=\"_ _0\"></span>ets and monetar<span class=\"_ _a\"></span>y liabilities at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate ar<span class=\"_ _8\"></span>e as f<span class=\"_ _0\"></span>ollows:2022 2021 20222021Currenc<span class=\"_ _0\"></span>yAsse<span class=\"_ _a\"></span>tsAsse<span class=\"_ _a\"></span>tsLiabilitiesLiabilitiesBGN<span class=\"_ _2ac\"> </span><span class=\"ls0 ws0\">222<span class=\"_ _e3\"> </span><span class=\"ls2 ws14\"> 76<span class=\"_ _16\"></span> <span class=\"_ _1cb\"> </span></span>238<span class=\"_ _a2\"> </span> 89 </span>CAD<span class=\"_ _ea\"> </span><span class=\"ls0 ws0\">22,928<span class=\"_ _d8\"> </span> 9,145 <span class=\"_ _27b\"> </span>95,182<span class=\"_ _73\"> </span> 89,004 </span>CHF<span class=\"_ _298\"> </span>4,33<span class=\"_ _0\"></span>7<span class=\"_ _77\"> </span> 3,440 <span class=\"_ _66\"> </span>4,252<span class=\"_ _da\"> </span> 3,420 CZK<span class=\"_ _189\"> </span><span class=\"ls0 ws0\">57,588<span class=\"_ _73\"> </span> 49,460 <span class=\"_ _7a\"> </span>68,479<span class=\"_ _69\"> </span> 50,082 </span>DKK<span class=\"_ _177\"> </span><span class=\"ls0 ws0\">2,49<span class=\"_ _8\"></span>4,348<span class=\"_ _10b\"> </span> 2,080,113 <span class=\"_ _60\"> </span>2,403,598<span class=\"_ _1c8\"> </span> 2,017,377 </span>DZD<span class=\"_ _2b7\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _bc\"> </span> - <span class=\"_ _d4\"> </span>4,577<span class=\"_ _66\"> </span> 2,96<span class=\"_ _8\"></span>9 </span>EUR<span class=\"_ _2b8\"> </span>4,910<span class=\"_ _da\"> </span> 11,27<span class=\"_ _0\"></span>0 <span class=\"_ _d4\"> </span>3,910<span class=\"_ _66\"> </span> 13,611 GBP<span class=\"_ _2b9\"> </span>26,313<span class=\"_ _6b\"> </span> 20,198 <span class=\"_ _df\"> </span>27,07<span class=\"_ _8\"></span>6<span class=\"_ _6d\"> </span> 20,7<span class=\"_ _8\"></span>63 HUF<span class=\"_ _15b\"> </span>638,998<span class=\"_ _df\"> </span>481,147 <span class=\"_ _50\"> </span>603,17<span class=\"_ _8\"></span>6<span class=\"_ _13c\"> </span>471,430 NIS<span class=\"_ _2ba\"> </span>8<span class=\"_ _b1\"> </span>86<span class=\"_ _0\"></span>1 <span class=\"_ _bc\"> </span>-<span class=\"_ _2bb\"> </span> - JPY<span class=\"_ _2bc\"> </span><span class=\"ls0 ws0\">4,091,538<span class=\"_ _5c\"> </span> 3,364,7<span class=\"_ _8\"></span>67 <span class=\"_ _c8\"> </span>2,077,533<span class=\"_ _c8\"> </span> 1,868,580 </span>MXN<span class=\"_ _2bd\"> </span>65,2<span class=\"_ _0\"></span>40<span class=\"_ _7a\"> </span> 62,284 <span class=\"_ _62\"> </span>65,645<span class=\"_ _7a\"> </span> 65,329 NOK<span class=\"_ _174\"> </span>2,09<span class=\"_ _8\"></span>3,232<span class=\"_ _84\"> </span> 1,702,841 <span class=\"_ _60\"> </span>2,089,246<span class=\"_ _7f\"> </span> 1,689,129 PLN<span class=\"_ _2b9\"> </span>47,729<span class=\"_ _7a\"> </span> 33,010 <span class=\"_ _6b\"> </span>51,036<span class=\"_ _7a\"> </span> 33,795 RU<span class=\"_ _a\"></span>R<span class=\"_ _17f\"> </span><span class=\"ls0 ws0\">1,344,7<span class=\"_ _0\"></span>03<span class=\"_ _47\"> </span> 1,9<span class=\"_ _8\"></span>32,644 <span class=\"_ _12c\"> </span>1,344,97<span class=\"_ _0\"></span>8<span class=\"_ _7f\"> </span> 2,759,817 </span>SAR<span class=\"_ _2be\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _bc\"> </span> - <span class=\"_ _109\"> </span>3,27<span class=\"_ _8\"></span>4<span class=\"_ _bc\"> </span> - </span>SEK<span class=\"_ _2b9\"> </span><span class=\"ls0 ws0\">19<span class=\"_ _0\"></span>3,612<span class=\"_ _53\"> </span>111,564 <span class=\"_ _69\"> </span>19<span class=\"_ _0\"></span>4,541<span class=\"_ _da\"> </span>112,517 </span>TND<span class=\"_ _114\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _bc\"> </span> - <span class=\"_ _a2\"> </span>57<span class=\"_ _2bf\"> </span> 34 </span>UAH<span class=\"_ _f5\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _6d\"> </span> 82,796 <span class=\"_ _bc\"> </span>-<span class=\"_ _df\"> </span> 14,468 </span>USD<span class=\"_ _ea\"> </span>86,368<span class=\"_ _df\"> </span> 65,150 <span class=\"_ _df\"> </span>51,649<span class=\"_ _19a\"> </span> 38,433 F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e risk f<span class=\"_ _8\"></span>rom oper<span class=\"_ _8\"></span>ating activities s<span class=\"_ _0\"></span>uch as sal<span class=\"_ _0\"></span>aries and per<span class=\"_ _0\"></span>sonnel tax ar<span class=\"_ _8\"></span>e manag<span class=\"_ _0\"></span>ed by hedgin<span class=\"_ _0\"></span>g tr<span class=\"_ _0\"></span>ansactions t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e highly probable t<span class=\"_ _8\"></span>o occur within periods out 18 mon<span class=\"_ _0\"></span>ths b<span class=\"_ _0\"></span>y ent<span class=\"_ _0\"></span>ering int<span class=\"_ _8\"></span>o for<span class=\"_ _8\"></span>eign curr<span class=\"_ _8\"></span>ency contr<span class=\"_ _0\"></span>acts. The Gr<span class=\"_ _8\"></span>oup employs a la<span class=\"_ _0\"></span>yering policy in which t<span class=\"_ _0\"></span>he near<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t calendar quarter is hedg<span class=\"_ _0\"></span>ed up to 90% wit<span class=\"_ _0\"></span>h cov<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e decr<span class=\"_ _0\"></span>easing in s<span class=\"_ _0\"></span>tep<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o 15% at 18 month<span class=\"_ _0\"></span>s out.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Curr<span class=\"_ _0\"></span>ency e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e of filling machine<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e hedged at a one-t<span class=\"_ _0\"></span>o-one basi<span class=\"_ _0\"></span>s (100% cov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge at the specified d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of payment).Hedge accoun<span class=\"_ _0\"></span>ting is applied t<span class=\"_ _8\"></span>o all curr<span class=\"_ _0\"></span>ency derivative<span class=\"_ _0\"></span>s, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ept f<span class=\"_ _0\"></span>or cro<span class=\"_ _0\"></span>ss-cur<span class=\"_ _0\"></span>rency in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>waps which ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as financial inc<span class=\"_ _0\"></span>ome or financial e<span class=\"_ _0\"></span>xpense in pr<span class=\"_ _8\"></span>ofit or loss. Hedge accoun<span class=\"_ _0\"></span>ting is dede<span class=\"_ _0\"></span>signat<span class=\"_ _8\"></span>ed at the dat<span class=\"_ _0\"></span>e of r<span class=\"_ _0\"></span>ecognition of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, howev<span class=\"_ _0\"></span>er the deriv<span class=\"_ _0\"></span>atives ar<span class=\"_ _8\"></span>e due at the dat<span class=\"_ _8\"></span>e of expect<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>t. At dedesign<span class=\"_ _0\"></span>ation, the f<span class=\"_ _8\"></span>air value of the hedgin<span class=\"_ _0\"></span>g derivative<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecycled f<span class=\"_ _0\"></span>rom Hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eserve in equity t<span class=\"_ _0\"></span>o the hedged it<span class=\"_ _0\"></span>em (i.e. filling m<span class=\"_ _0\"></span>achine r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y) and to pr<span class=\"_ _8\"></span>ofit or loss t<span class=\"_ _0\"></span>o the same acc<span class=\"_ _0\"></span>ounting line and at the s<span class=\"_ _0\"></span>ame time as the hedged it<span class=\"_ _8\"></span>em is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNomin<span class=\"_ _0\"></span>al amount(EUR 1,000)<span class=\"_ _2c0\"> </span><span class=\"ff2\">December 31, 2022<span class=\"_ _91\"> </span>December 31, 2021</span>Currenc<span class=\"_ _0\"></span>y<span class=\"_ _98\"> </span>Ccy<span class=\"_ _2bf\"> </span><span class=\"ls61 wsba\">EUR<span class=\"_ _27e\"> </span></span>Ccy<span class=\"_ _2bf\"> </span><span class=\"ls61 wsba\">EUR</span>EUR<span class=\"_ _179\"> </span>-72,633<span class=\"_ _77\"> </span>-72,633<span class=\"_ _13c\"> </span> -140,148 <span class=\"_ _155\"> </span> -140,148 JPY<span class=\"_ _2c1\"> </span><span class=\"ls0 ws0\">9,46<span class=\"_ _0\"></span>1,714<span class=\"_ _6f\"> </span><span class=\"lsb2 ws1d2\">67,267<span class=\"_ _14f\"> </span></span> 3,927,814 <span class=\"_ _da\"> </span> 30,126 </span>NOK<span class=\"_ _2c1\"> </span>255,426<span class=\"_ _18b\"> </span>24,29<span class=\"_ _8\"></span>4<span class=\"_ _4e\"> </span>256,305 <span class=\"_ _8e\"> </span> 25,659 USD<span class=\"_ _87\"> </span>-2<span class=\"_ _0\"></span>4,231<span class=\"_ _d4\"> </span>-22,718<span class=\"_ _8e\"> </span> 95,000 <span class=\"_ _77\"> </span> 83,878 T<span class=\"_ _1\"></span>otal nominal v<span class=\"_ _0\"></span>alue<span class=\"_ _a9\"> </span>-3,790<span class=\"_ _288\"> </span>-485T<span class=\"_ _1\"></span>otal fair v<span class=\"_ _0\"></span>alue<span class=\"_ _80\"> </span>-534<span class=\"_ _210\"> </span>-1,2<span class=\"_ _8\"></span>44P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Int<span class=\"_ _8\"></span>erest ri<span class=\"_ _0\"></span>skElopak's e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to t<span class=\"_ _0\"></span>he risk of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in mar<span class=\"_ _0\"></span>ket in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es prim<span class=\"_ _0\"></span>arily to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's long-t<span class=\"_ _0\"></span>erm debt obligations wit<span class=\"_ _0\"></span>h floating in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ates. T<span class=\"_ _f\"></span>o man<span class=\"_ _0\"></span>age thi<span class=\"_ _0\"></span>s risk, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup main<span class=\"_ _0\"></span>tains a por<span class=\"_ _a\"></span>tion of its borr<span class=\"_ _8\"></span>owings at fix<span class=\"_ _8\"></span>ed rat<span class=\"_ _8\"></span>es of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est b<span class=\"_ _0\"></span>y ent<span class=\"_ _0\"></span>ering int<span class=\"_ _8\"></span>o inter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e swap<span class=\"_ _0\"></span>s. These s<span class=\"_ _0\"></span>waps ar<span class=\"_ _8\"></span>e design<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o hedge underlying debt obligation<span class=\"_ _0\"></span>s; howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, they ar<span class=\"_ _0\"></span>e not subject t<span class=\"_ _8\"></span>o hedge accounting.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNotional amoun<span class=\"_ _0\"></span>ts and fai<span class=\"_ _0\"></span>r values<span class=\"_ _19b\"> </span>December 31, 2022<span class=\"_ _2c2\"> </span>December 31, 2021NotionalFa<span class=\"_ _a\"></span>i<span class=\"_ _a\"></span>rNotionalFa<span class=\"_ _a\"></span>i<span class=\"_ _a\"></span>r(EUR 1,000)<span class=\"_ _29c\"> </span><span class=\"ff2\">Cur<span class=\"_ _0\"></span>rency</span>EURvalueEURvalueInterest<span class=\"_ _133\"> </span><span class=\"ls0 ws0\">EUR<span class=\"_ _ac\"> </span>120,000<span class=\"_ _84\"> </span>7,063<span class=\"_ _1f9\"> </span>140,000<span class=\"_ _2c3\"> </span>-1,811</span>To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2c4\"> </span><span class=\"ls0 ws0\">7,063<span class=\"_ _2c5\"> </span>-1,811</span>P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Commodity price riskElopak's oper<span class=\"_ _0\"></span>ating activitie<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>equire a c<span class=\"_ _0\"></span>ontinuous supply of aluminium and poly<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>ylene. Based on a 12-month f<span class=\"_ _8\"></span>or<span class=\"_ _0\"></span>ecast of r<span class=\"_ _8\"></span>equir<span class=\"_ _0\"></span>ements the Gr<span class=\"_ _8\"></span>oup man<span class=\"_ _0\"></span>ages t<span class=\"_ _0\"></span>he commodity price risk by hedging t<span class=\"_ _0\"></span>he pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price of the commodity with t<span class=\"_ _0\"></span>he use of commodity price sw<span class=\"_ _0\"></span>aps. Hedge accountin<span class=\"_ _0\"></span>g is applied f<span class=\"_ _8\"></span>or all commodit<span class=\"_ _a\"></span>y derivativ<span class=\"_ _0\"></span>es. As per December 3<span class=\"_ _0\"></span>1, 2022 t<span class=\"_ _0\"></span>he hedged amount of P<span class=\"_ _8\"></span>olyeth<span class=\"_ _0\"></span>ylene derivative<span class=\"_ _0\"></span>s is 36% of e<span class=\"_ _8\"></span>xpected pur<span class=\"_ _8\"></span>chase f<span class=\"_ _8\"></span>or the ne<span class=\"_ _0\"></span>xt 12 months.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNotional amoun<span class=\"_ _0\"></span>ts and fai<span class=\"_ _0\"></span>r values<span class=\"_ _204\"> </span>December 31, 2022<span class=\"_ _2c2\"> </span>December 3<span class=\"_ _0\"></span>1, 2021(EUR 1,000)Metric T<span class=\"_ _1\"></span>onnes<span class=\"_ _5a\"> </span>F<span class=\"_ _0\"></span>air value<span class=\"_ _121\"> </span>Metric T<span class=\"_ _1\"></span>onnes<span class=\"_ _5a\"> </span>F<span class=\"_ _0\"></span>air valueP<span class=\"_ _0\"></span>olyethylene<span class=\"_ _98\"> </span>13,000<span class=\"_ _53\"> </span>-2,57<span class=\"_ _8\"></span>6<span class=\"_ _da\"> </span>7,800<span class=\"_ _da\"> </span>5,084Aluminium<span class=\"_ _20d\"> </span>8,400<span class=\"_ _e8\"> </span>-7<span class=\"_ _8\"></span>43<span class=\"_ _1af\"> </span>2,700<span class=\"_ _d2\"> </span>219To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _76\"> </span><span class=\"ls0 ws0\">-3,318<span class=\"_ _1b7\"> </span>5,303</span>P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>SensitivityThe f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able demonstr<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s the sensitivity t<span class=\"_ _0\"></span>o a r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>onably pos<span class=\"_ _0\"></span>sible chan<span class=\"_ _0\"></span>ge in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s (f<span class=\"_ _0\"></span>or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts), commodity prices (f<span class=\"_ _8\"></span>or commodity swaps) and in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s (f<span class=\"_ _0\"></span>or int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate sw<span class=\"_ _0\"></span>aps) with all ot<span class=\"_ _0\"></span>her variable<span class=\"_ _0\"></span>s being held cons<span class=\"_ _0\"></span>tant. The impact on t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's equity is due t<span class=\"_ _0\"></span>o chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of derivativ<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>signat<span class=\"_ _8\"></span>ed as cas<span class=\"_ _0\"></span>h flow hedge<span class=\"_ _0\"></span>s.Numbers a<span class=\"_ _0\"></span>re bef<span class=\"_ _8\"></span>ore taxDecember 31, 2022<span class=\"_ _204\"> </span>December 31, 2021(EUR 1,000)<span class=\"_ _158\"> </span><span class=\"ff2\">Movement<span class=\"_ _4\"> </span>Eff<span class=\"_ _0\"></span>ect on profit<span class=\"_ _14\"> </span>Effect on equity<span class=\"_ _4\"> </span>Eff<span class=\"_ _0\"></span>ect on profit<span class=\"_ _14\"> </span>Effect on equity</span>+5%-1,414-8,222-4,119-8,010F<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange derivativ<span class=\"_ _0\"></span>es-5%2131,6384,2897,9<span class=\"_ _8\"></span>33+5% -1,46<span class=\"_ _0\"></span>1 -815Commodity swaps-5%--1,46<span class=\"_ _0\"></span>1--815+1%2,010 -3,5973,597Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e swaps-1%-2,09<span class=\"_ _8\"></span>3--3,773-3,773P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.2. Liquidity riskElopak's objective<span class=\"_ _0\"></span> is t<span class=\"_ _0\"></span>o maint<span class=\"_ _0\"></span>ain a balance betw<span class=\"_ _0\"></span>een continuity of f<span class=\"_ _0\"></span>unding, and fle<span class=\"_ _0\"></span>xibility thr<span class=\"_ _0\"></span>ough the u<span class=\"_ _0\"></span>se of bank loans and o<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>draft f<span class=\"_ _0\"></span>acilities.The mat<span class=\"_ _0\"></span>urity pr<span class=\"_ _0\"></span>ofile of the Gr<span class=\"_ _0\"></span>oup's financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities ba<span class=\"_ _0\"></span>sed on cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>s summari<span class=\"_ _0\"></span>sed belo<span class=\"_ _0\"></span>w. The tables only s<span class=\"_ _0\"></span>how balanc<span class=\"_ _0\"></span>e sheet it<span class=\"_ _0\"></span>ems cla<span class=\"_ _0\"></span>ssified as fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments and do not include ot<span class=\"_ _0\"></span>her balance s<span class=\"_ _0\"></span>heet item<span class=\"_ _0\"></span>s aff<span class=\"_ _0\"></span>ecting liquidity<span class=\"_ _0\"></span>, such as inv<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ories. Als<span class=\"_ _0\"></span>o, off-balance s<span class=\"_ _0\"></span>heet item<span class=\"_ _0\"></span>s such as unus<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit f<span class=\"_ _0\"></span>acilities ar<span class=\"_ _0\"></span>e not included. The derivativ<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>uments m<span class=\"_ _0\"></span>ay be settled g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oss or net wit<span class=\"_ _0\"></span>h the r<span class=\"_ _0\"></span>elevan<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ocol being r<span class=\"_ _8\"></span>eflected in the t<span class=\"_ _0\"></span>ables.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Contr<span class=\"_ _8\"></span>actual mat<span class=\"_ _8\"></span>urities of financi<span class=\"_ _0\"></span>al liabilities, includi<span class=\"_ _0\"></span>ng esti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ed int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st pa<span class=\"_ _0\"></span>yments2022Non-derivatie<span class=\"_ _0\"></span>s financial liabilitie<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesLoans and bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs (Note 28)<span class=\"_ _2c7\"> </span>325,715 <span class=\"_ _1b3\"> </span>32,7<span class=\"_ _1\"></span>60<span class=\"_ _43\"> </span>319,451<span class=\"_ _50\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _28d\"> </span>352,211Account<span class=\"_ _0\"></span>s payable<span class=\"_ _2c8\"> </span>12<span class=\"_ _0\"></span>4,038 <span class=\"_ _12b\"> </span>12<span class=\"_ _8\"></span>4,038 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _12b\"> </span>124,0<span class=\"_ _0\"></span>38 Other liabilities<span class=\"_ _2c9\"> </span>165,105 <span class=\"_ _28d\"> </span> 78,108 <span class=\"_ _123\"> </span> 28,708 <span class=\"_ _2ca\"> </span> 18,847 <span class=\"_ _123\"> </span> 3<span class=\"_ _8\"></span>9,442 <span class=\"_ _12e\"> </span>165,105 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _193\"> </span><span class=\"ls0 ws0\">6<span class=\"_ _8\"></span>14,859<span class=\"_ _121\"> </span> 2341906<span class=\"_ _12b\"> </span>348,159<span class=\"_ _f9\"> </span>18,847<span class=\"_ _1b3\"> </span>3<span class=\"_ _0\"></span>9,442<span class=\"_ _2b4\"> </span>641,354</span>Derivative<span class=\"_ _0\"></span>s financial in<span class=\"_ _0\"></span>strumentsT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesF<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span> 1,280 <span class=\"_ _c8\"> </span>951 <span class=\"_ _c1\"> </span>330 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _3f\"> </span> 1,280 Commodities<span class=\"_ _2cc\"> </span> 3,318 <span class=\"_ _ed\"> </span> 3,318 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _ed\"> </span> 3,318 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _9b\"> </span><span class=\"ls0 ws0\">4,598<span class=\"_ _22\"> </span>4,2<span class=\"_ _0\"></span>69<span class=\"_ _60\"> </span>330<span class=\"_ _62\"> </span>-<span class=\"_ _62\"> </span>-<span class=\"_ _2f\"> </span>4,598</span>2021Non-derivatie<span class=\"_ _0\"></span>s financial liabilitie<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesLoans and bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs (Note 28)<span class=\"_ _28f\"> </span>183,854 <span class=\"_ _28d\"> </span> 14,859 <span class=\"_ _12b\"> </span>16<span class=\"_ _0\"></span>9,433 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _2c6\"> </span>184,292 Account<span class=\"_ _0\"></span>s payable<span class=\"_ _2cd\"> </span>119,57<span class=\"_ _1\"></span>4 <span class=\"_ _119\"> </span>119,57<span class=\"_ _8\"></span>4 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _119\"> </span>119,57<span class=\"_ _1\"></span>4 Other liabilities<span class=\"_ _280\"> </span>167,345 <span class=\"_ _139\"> </span> 78,222 <span class=\"_ _123\"> </span> 29,562 <span class=\"_ _28d\"> </span> 16,02<span class=\"_ _8\"></span>4 <span class=\"_ _123\"> </span> 43,538 <span class=\"_ _2c6\"> </span>167,345 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _205\"> </span><span class=\"ls0 ws0\">470,772<span class=\"_ _2c6\"> </span>212,654<span class=\"_ _2c6\"> </span>198,995<span class=\"_ _3e\"> </span>16,02<span class=\"_ _0\"></span>4<span class=\"_ _119\"> </span>43,538<span class=\"_ _119\"> </span>471,211</span>Derivative<span class=\"_ _0\"></span>s financial in<span class=\"_ _0\"></span>strumentsT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesF<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange<span class=\"_ _134\"> </span> 2,079 <span class=\"_ _3d\"> </span> 2,077 <span class=\"_ _64\"> </span> 2 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _f9\"> </span> 2,079 Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e swaps <span class=\"_ _1d6\"> </span> 2,058 <span class=\"_ _1c8\"> </span>112 <span class=\"_ _103\"> </span> 1,928 <span class=\"_ _84\"> </span> 18 <span class=\"_ _64\"> </span> - <span class=\"_ _3e\"> </span> 2,058 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2ce\"> </span><span class=\"ls0 ws0\">4,138<span class=\"_ _45\"> </span>2,189<span class=\"_ _106\"> </span>1,9<span class=\"_ _0\"></span>31<span class=\"_ _ca\"> </span>18<span class=\"_ _19a\"> </span>-<span class=\"_ _41\"> </span>4,138</span>Not<span class=\"_ _0\"></span>e 30 - Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The f<span class=\"_ _0\"></span>air value of all fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets and liabilitie<span class=\"_ _0\"></span>s appro<span class=\"_ _8\"></span>ximat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>heir carr<span class=\"_ _a\"></span>ying v<span class=\"_ _0\"></span>alue. The f<span class=\"_ _0\"></span>air value e<span class=\"_ _0\"></span>stimation of deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments h<span class=\"_ _0\"></span>as been arrived at b<span class=\"_ _0\"></span>y applying a lev<span class=\"_ _0\"></span>el 2 valuation met<span class=\"_ _0\"></span>hodolog<span class=\"_ _a\"></span>y which us<span class=\"_ _0\"></span>es inputs ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an unadjus<span class=\"_ _0\"></span>ted quot<span class=\"_ _8\"></span>ed prices f<span class=\"_ _0\"></span>or identical ass<span class=\"_ _0\"></span>ets and liabilitie<span class=\"_ _0\"></span>s3. Cr<span class=\"_ _0\"></span>edit riskCr<span class=\"_ _8\"></span>edit risk is t<span class=\"_ _0\"></span>he risk t<span class=\"_ _0\"></span>hat a count<span class=\"_ _8\"></span>erpar<span class=\"_ _a\"></span>ty will default on it<span class=\"_ _0\"></span>s contr<span class=\"_ _8\"></span>actual obligations r<span class=\"_ _8\"></span>esultin<span class=\"_ _0\"></span>g in<span class=\"_ _a\"></span> financial lo<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _8\"></span>oup. Elopak ha<span class=\"_ _0\"></span>s adopt<span class=\"_ _0\"></span>ed a policy of only being e<span class=\"_ _0\"></span>xposed t<span class=\"_ _8\"></span>o credit<span class=\"_ _0\"></span>-wor<span class=\"_ _a\"></span>th<span class=\"_ _8\"></span>y<span class=\"_ _a\"></span> count<span class=\"_ _0\"></span>erpar<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s, based upon independen<span class=\"_ _0\"></span>t cr<span class=\"_ _0\"></span>edit analysi<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or all count<span class=\"_ _0\"></span>erpar<span class=\"_ _a\"></span>ties, wher<span class=\"_ _8\"></span>e avail<span class=\"_ _0\"></span>able. In<span class=\"_ _a\"></span> the c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s where t<span class=\"_ _0\"></span>his i<span class=\"_ _0\"></span>s not av<span class=\"_ _0\"></span>ailable, Elopak us<span class=\"_ _0\"></span>es ot<span class=\"_ _0\"></span>her publicly avail<span class=\"_ _0\"></span>able financial inf<span class=\"_ _8\"></span>ormation and its own t<span class=\"_ _0\"></span>radin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ds t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s creditw<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>thine<span class=\"_ _0\"></span>ss. Outst<span class=\"_ _0\"></span>anding r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _8\"></span>ed re<span class=\"_ _0\"></span>gularly<span class=\"_ _8\"></span>.4. Hedge accounti<span class=\"_ _0\"></span>ngCash flo<span class=\"_ _0\"></span>w hedge accountin<span class=\"_ _0\"></span>g is applied t<span class=\"_ _0\"></span>o hedges of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency risk and commodity price ris<span class=\"_ _0\"></span>k. The cash flow hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eserve compri<span class=\"_ _0\"></span>ses t<span class=\"_ _0\"></span>he eff<span class=\"_ _0\"></span>ective por<span class=\"_ _a\"></span>tion of the c<span class=\"_ _0\"></span>umulative net chan<span class=\"_ _0\"></span>ge in the f<span class=\"_ _8\"></span>air values of c<span class=\"_ _0\"></span>ash flow hedgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>ruments r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to hedg<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at hav<span class=\"_ _0\"></span>e not yet occ<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed. Movemen<span class=\"_ _0\"></span>ts in the c<span class=\"_ _0\"></span>ash flow hedge r<span class=\"_ _8\"></span>eserve ar<span class=\"_ _8\"></span>e detailed in the table below:Contr<span class=\"_ _8\"></span>acts2022<span class=\"_ _2cf\"> </span>2021Opening Closing Opening Closing (EUR 1,000)position<span class=\"_ _5\"> </span>Movementpositionposition<span class=\"_ _5\"> </span>MovementpositionCommodity price hedges<span class=\"_ _1a9\"> </span>5,30<span class=\"_ _0\"></span>3<span class=\"_ _48\"> </span>-8,621<span class=\"_ _2b\"> </span>-3,318<span class=\"_ _6f\"> </span>35<span class=\"_ _10b\"> </span>5,268<span class=\"_ _5c\"> </span>5,303Curr<span class=\"_ _0\"></span>ency hedges<span class=\"_ _2d0\"> </span>142<span class=\"_ _64\"> </span>-318<span class=\"_ _144\"> </span>-17<span class=\"_ _8\"></span>6<span class=\"_ _d2\"> </span>9<span class=\"_ _62\"> </span>132<span class=\"_ _62\"> </span>142T<span class=\"_ _8\"></span>ax eff<span class=\"_ _0\"></span>ect<span class=\"_ _2d1\"> </span>-1,230<span class=\"_ _142\"> </span>1,967<span class=\"_ _84\"> </span><span class=\"ls7d ws110\">737<span class=\"_ _75\"> </span></span>-48<span class=\"_ _47\"> </span>-1,182<span class=\"_ _60\"> </span>-1,230To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d2\"> </span><span class=\"ls0 ws0\">4,215<span class=\"_ _5e\"> </span>-6,972<span class=\"_ _3f\"> </span>-2,758<span class=\"_ _e8\"> </span>-3<span class=\"_ _12c\"> </span>4,218<span class=\"_ _10b\"> </span>4,215</span>Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The mov<span class=\"_ _0\"></span>ement in the hedge r<span class=\"_ _8\"></span>eserve includes g<span class=\"_ _0\"></span>ains/(los<span class=\"_ _0\"></span>ses) tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he cash flo<span class=\"_ _0\"></span>w hedge r<span class=\"_ _8\"></span>eserve int<span class=\"_ _0\"></span>o the income s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>t during the period. F<span class=\"_ _8\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>ds and commodities hedg<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>urities ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>closed in not<span class=\"_ _8\"></span>e 30.2 Liquidit<span class=\"_ _a\"></span>y Ri<span class=\"_ _0\"></span>sk, which is r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entativ<span class=\"_ _0\"></span>e of when the hedge r<span class=\"_ _8\"></span>eserve in equity will be r<span class=\"_ _0\"></span>ecycled t<span class=\"_ _0\"></span>o the stat<span class=\"_ _8\"></span>ement of compr<span class=\"_ _0\"></span>ehensive income. Thes<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e included in the f<span class=\"_ _0\"></span>ollowing line it<span class=\"_ _8\"></span>ems in the income st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>t.Movemen<span class=\"_ _0\"></span>t in hedge r<span class=\"_ _0\"></span>eserve(EUR 1,000)<span class=\"_ _2d3\"> </span><span class=\"ff2\">2022<span class=\"_ _66\"> </span>2021</span>Sales<span class=\"_ _25d\"> </span>-<span class=\"_ _12d\"> </span>-Cost of good<span class=\"_ _0\"></span>s sold<span class=\"_ _2d4\"> </span>-7,790<span class=\"_ _4e\"> </span>8,035Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _236\"> </span>-569<span class=\"_ _27b\"> </span>-1,146Net financial it<span class=\"_ _0\"></span>ems<span class=\"_ _102\"> </span><span class=\"ff1\">-<span class=\"_ _2d5\"> </span></span>-To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">-8,359<span class=\"_ _df\"> </span>6,888</span>Movement in hedg<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>serve due to chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _0\"></span>air values<span class=\"_ _2d6\"> </span>1,387<span class=\"_ _13c\"> </span>-2,670To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _279\"> </span><span class=\"ls0 ws0\">-6,972<span class=\"_ _163\"> </span>4,218</span>Due t<span class=\"_ _0\"></span>o Elopak hedging policy<span class=\"_ _8\"></span>, hedges ar<span class=\"_ _8\"></span>e ent<span class=\"_ _0\"></span>ered in<span class=\"_ _0\"></span>to b<span class=\"_ _0\"></span>ased on highly pr<span class=\"_ _8\"></span>obable fut<span class=\"_ _8\"></span>ure tr<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s, either per tr<span class=\"_ _8\"></span>ansaction or by applyin<span class=\"_ _0\"></span>g base l<span class=\"_ _0\"></span>ayer<span class=\"_ _8\"></span>s. All hedges ha<span class=\"_ _0\"></span>ve a hedge r<span class=\"_ _8\"></span>atio 1:1 and hedge in-eff<span class=\"_ _8\"></span>ectiveness r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to diff<span class=\"_ _8\"></span>erence<span class=\"_ _0\"></span>s in timing of s<span class=\"_ _0\"></span>ettlement in 2022 w<span class=\"_ _0\"></span>as insignific<span class=\"_ _0\"></span>ant and i<span class=\"_ _0\"></span>s not r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed dir<span class=\"_ _8\"></span>ectly to pr<span class=\"_ _8\"></span>ofit and loss. I<span class=\"_ _0\"></span>n 2021 the hedg<span class=\"_ _0\"></span>e in-eff<span class=\"_ _0\"></span>ectivenes<span class=\"_ _0\"></span>s was EUR 10<span class=\"_ _0\"></span>3 thous<span class=\"_ _0\"></span>and, which was r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed direct<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o profit or lo<span class=\"_ _0\"></span>ss. Carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount of fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>et and liabilitie<span class=\"_ _0\"></span>s December 31, 2022<span class=\"_ _293\"> </span>Categorie<span class=\"_ _0\"></span>s<span class=\"_ _251\"> </span>F<span class=\"_ _0\"></span>air value mea<span class=\"_ _0\"></span>suremen<span class=\"_ _0\"></span>t usingT<span class=\"_ _1\"></span>otal F<span class=\"_ _0\"></span>air value Quoted instru<span class=\"ls0 ws0\">-</span>F<span class=\"_ _0\"></span>air value thr<span class=\"_ _0\"></span>ough other Financi<span class=\"_ _0\"></span>alprices Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ments thr<span class=\"_ _0\"></span>ough comprehen<span class=\"ls0 ws0\">-</span>instrumentsin active observable unobserv<span class=\"ls0 ws0\">-</span>measur<span class=\"_ _8\"></span>ed<span class=\"_ _a\"></span> profit and sive income at amortised ma<span class=\"_ _a\"></span>rke<span class=\"_ _a\"></span>ts<span class=\"_ _a\"></span> inputs able inputs at f<span class=\"_ _0\"></span>air<span class=\"_ _a\"></span> (EUR 1,000)<span class=\"_ _194\"> </span><span class=\"ff2 lsd ws1a\">Note<span class=\"_ _a\"></span>s</span>loss (FVPL)(FVOCI)cost<span class=\"_ _40\"> </span><span class=\"lsc6 ws19d\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>(Lev<span class=\"_ _0\"></span>el 1)(Lev<span class=\"_ _0\"></span>el2)(Lev<span class=\"_ _0\"></span>el 3)valueAsse<span class=\"_ _a\"></span>tsDerivaties<span class=\"_ _1cb\"> </span><span class=\"ff2\">30<span class=\"_ _106\"> </span></span>7,810<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _89\"> </span>7,810<span class=\"_ _60\"> </span>-<span class=\"_ _3e\"> </span>7,810<span class=\"_ _1a9\"> </span>7,810Finance lea<span class=\"_ _0\"></span>se23,25<span class=\"_ _7a\"> </span><span class=\"ff3\">-<span class=\"_ _18b\"> </span>-<span class=\"_ _60\"> </span>8,227<span class=\"_ _6\"> </span>8,227<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-</span>rec<span class=\"_ _0\"></span>eivableT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _45\"> </span><span class=\"ff2\">25<span class=\"_ _7a\"> </span></span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _40\"> </span>102,197<span class=\"_ _d\"> </span>102,197<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _57\"> </span>25<span class=\"_ _7a\"> </span><span class=\"ff3\">-<span class=\"_ _18b\"> </span>-<span class=\"_ _22\"> </span>113,018<span class=\"_ _9\"> </span>113,018<span class=\"_ _4c\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-</span>Cash and ca<span class=\"_ _0\"></span>sh-<span class=\"_ _18b\"> </span>-<span class=\"_ _22\"> </span>25,883<span class=\"_ _128\"> </span>25,883<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-equivalentsTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1a6\"> </span><span class=\"ls0 ws0\">7,810<span class=\"_ _104\"> </span>-<span class=\"_ _2ca\"> </span>249,325<span class=\"_ _1b1\"> </span>257,135<span class=\"_ _60\"> </span>-<span class=\"_ _2ca\"> </span>7,810<span class=\"_ _12c\"> </span>0<span class=\"_ _123\"> </span>7,810</span>LiabilitiesLiablities t<span class=\"_ _0\"></span>o financial30<span class=\"_ _7a\"> </span><span class=\"ff3\">-<span class=\"_ _18b\"> </span>-<span class=\"_ _ed\"> </span>325,715<span class=\"_ _125\"> </span>325,715<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-</span>instit<span class=\"_ _0\"></span>utionsLeas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _118\"> </span><span class=\"ff2\">12<span class=\"_ _7a\"> </span></span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-Derivaties<span class=\"_ _1cb\"> </span><span class=\"ff2\">30<span class=\"_ _45\"> </span></span>4,598<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _10\"> </span>4,598<span class=\"_ _60\"> </span>-<span class=\"_ _2ca\"> </span>4,598<span class=\"_ _dc\"> </span>4,598T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade payable<span class=\"_ _0\"></span>s, and-<span class=\"_ _18b\"> </span>-<span class=\"_ _ed\"> </span>2<span class=\"_ _0\"></span>45,417<span class=\"_ _125\"> </span>245,417<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-other pay<span class=\"_ _0\"></span>ablesTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d7\"> </span><span class=\"ls0 ws0\">4,598<span class=\"_ _18b\"> </span>-<span class=\"_ _3d\"> </span>571,132<span class=\"_ _24\"> </span>575,73<span class=\"_ _0\"></span>1<span class=\"_ _60\"> </span>-<span class=\"_ _12e\"> </span>4,598<span class=\"_ _1c8\"> </span>-<span class=\"_ _2b4\"> </span>4,598</span>Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount of fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>et and liabilitie<span class=\"_ _0\"></span>s December 31, 2021<span class=\"_ _95\"> </span>Categories<span class=\"_ _251\"> </span>F<span class=\"_ _8\"></span>air value meas<span class=\"_ _0\"></span>urement u<span class=\"_ _0\"></span>singT<span class=\"_ _1\"></span>otal F<span class=\"_ _0\"></span>air value Quoted instru<span class=\"ls0 ws0\">-</span>F<span class=\"_ _0\"></span>air value thr<span class=\"_ _0\"></span>ough other Financi<span class=\"_ _0\"></span>alprices Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ments thr<span class=\"_ _0\"></span>ough comprehen<span class=\"ls0 ws0\">-</span>instrumentsin active observable unobserv<span class=\"ls0 ws0\">-</span>measur<span class=\"_ _8\"></span>ed<span class=\"_ _a\"></span> profit and sive income at amortised ma<span class=\"_ _a\"></span>rke<span class=\"_ _a\"></span>ts<span class=\"_ _a\"></span> inputs able inputs at f<span class=\"_ _0\"></span>air<span class=\"_ _a\"></span> (EUR 1,000)<span class=\"_ _194\"> </span><span class=\"ff2 lsd ws1a\">Note<span class=\"_ _a\"></span>s</span>loss (FVPL)(FVOCI)cost<span class=\"_ _40\"> </span><span class=\"lsc6 ws19d\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>(Lev<span class=\"_ _0\"></span>el 1)(Lev<span class=\"_ _0\"></span>el2)(Lev<span class=\"_ _0\"></span>el 3)valueAsse<span class=\"_ _a\"></span>tsDerivaties<span class=\"_ _71\"> </span>30<span class=\"_ _45\"> </span>6,386<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _2d8\"> </span>6,386<span class=\"_ _60\"> </span>-<span class=\"_ _28d\"> </span>6,386<span class=\"_ _84\"> </span>-<span class=\"_ _2c6\"> </span>6,386Finance lea<span class=\"_ _0\"></span>se23,25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _41\"> </span>10,220<span class=\"_ _122\"> </span>10,22<span class=\"_ _0\"></span>0<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-rec<span class=\"_ _0\"></span>eivableT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _46\"> </span>25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _45\"> </span>91,533<span class=\"_ _c\"> </span>91,533<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _13d\"> </span><span class=\"ws0\">25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _40\"> </span>98,490<span class=\"_ _11\"> </span>98,490<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-</span>Cash and ca<span class=\"_ _0\"></span>sh-<span class=\"_ _18b\"> </span>-<span class=\"_ _41\"> </span>24,2<span class=\"_ _0\"></span>62<span class=\"_ _2d9\"> </span>2<span class=\"_ _0\"></span>4,262<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _12c\"> </span>-equivalentsTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d7\"> </span><span class=\"ls0 ws0\">6,386<span class=\"_ _104\"> </span>-<span class=\"_ _28d\"> </span>224,506<span class=\"_ _1b0\"> </span>230,892<span class=\"_ _60\"> </span>-<span class=\"_ _12e\"> </span>6,386<span class=\"_ _1c8\"> </span>-<span class=\"_ _13a\"> </span>6,386</span>LiabilitiesLiablities t<span class=\"_ _0\"></span>o financial 30<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _3d\"> </span>184,292<span class=\"_ _4\"> </span>184,292<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _12c\"> </span>-instit<span class=\"_ _0\"></span>utionsLeas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _64\"> </span>12<span class=\"_ _62\"> </span>-<span class=\"_ _e8\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-Derivaties<span class=\"_ _71\"> </span>30<span class=\"_ _106\"> </span>4,138<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _137\"> </span>4,138<span class=\"_ _60\"> </span>-<span class=\"_ _3e\"> </span>4,138<span class=\"_ _7f\"> </span>-<span class=\"_ _28d\"> </span>4,138T<span class=\"_ _1\"></span>rade payable<span class=\"_ _0\"></span>s, and -<span class=\"_ _18b\"> </span>-<span class=\"_ _43\"> </span>226,848<span class=\"_ _1b1\"> </span>226,848<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-other pay<span class=\"_ _0\"></span>ablesTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2da\"> </span><span class=\"ls0 ws0\">4,138<span class=\"_ _18b\"> </span>-<span class=\"_ _2c3\"> </span>411,140<span class=\"_ _24\"> </span>415,277<span class=\"_ _153\"> </span>-<span class=\"_ _2ca\"> </span>4,138<span class=\"_ _7f\"> </span>-<span class=\"_ _2c6\"> </span>4,138</span>F<span class=\"_ _8\"></span>air value of fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets and financi<span class=\"_ _0\"></span>al liabilities ar<span class=\"_ _8\"></span>e measur<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g differ<span class=\"_ _8\"></span>ent level<span class=\"_ _0\"></span>s of input. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Lev<span class=\"_ _0\"></span>el 1 inputs ar<span class=\"_ _8\"></span>e quoted price<span class=\"_ _0\"></span>s (unadjus<span class=\"_ _0\"></span>ted) in activ<span class=\"_ _0\"></span>e mark<span class=\"_ _8\"></span>ets f<span class=\"_ _0\"></span>or identical a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s or </span></span>liabilities t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he entity can acces<span class=\"_ _0\"></span>s at the meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ement dat<span class=\"_ _8\"></span>e. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Lev<span class=\"_ _0\"></span>el 2 inputs ar<span class=\"_ _8\"></span>e inputs other th<span class=\"_ _0\"></span>an quot<span class=\"_ _0\"></span>ed prices included within le<span class=\"_ _0\"></span>vel 1 th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e </span></span>obs<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vable f<span class=\"_ _8\"></span>or the as<span class=\"_ _0\"></span>set or liability<span class=\"_ _8\"></span>, either direct<span class=\"_ _0\"></span>ly or indir<span class=\"_ _0\"></span>ectly<span class=\"_ _8\"></span>. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Lev<span class=\"_ _0\"></span>el 3 inputs ar<span class=\"_ _8\"></span>e unobservable inputs f<span class=\"_ _8\"></span>or the ass<span class=\"_ _0\"></span>et or liability.</span></span>Not<span class=\"_ _0\"></span>e 31 - Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in obligations f<span class=\"_ _8\"></span>rom fi<span class=\"_ _0\"></span>nancial activiti<span class=\"_ _0\"></span>es2022Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t-bearing loans andborro<span class=\"_ _0\"></span>wings Leas<span class=\"_ _0\"></span>e liabilities (EUR 1,000)(Note 23)(Note 12)<span class=\"_ _ac\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>1.1<span class=\"_ _2db\"> </span>183,853<span class=\"_ _e8\"> </span>80,604<span class=\"_ _109\"> </span>264,457Cash FlowsPr<span class=\"_ _0\"></span>oceeds of loans f<span class=\"_ _8\"></span>rom financial ins<span class=\"_ _0\"></span>titutions<span class=\"_ _134\"> </span>1,178,067<span class=\"_ _165\"> </span>-<span class=\"_ _163\"> </span>1,178,067Rep<span class=\"_ _0\"></span>ayment of loans f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _287\"> </span>-1,030,217<span class=\"_ _165\"> </span>-<span class=\"_ _50\"> </span>-1,030,217Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _1f8\"> </span>-5,658<span class=\"_ _165\"> </span>-<span class=\"_ _9f\"> </span>-5,658Leas<span class=\"_ _0\"></span>e payments<span class=\"_ _72\"> </span>-<span class=\"_ _18b\"> </span>-19,770<span class=\"_ _18b\"> </span>-19,770Non-cash eff<span class=\"_ _8\"></span>ectsInt<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expensed<span class=\"_ _1f4\"> </span>5,258<span class=\"_ _b1\"> </span>4,575<span class=\"_ _a0\"> </span>9,833Net additions leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _15b\"> </span>-<span class=\"_ _1fc\"> </span>25,266<span class=\"_ _9f\"> </span>25,266Other non-cas<span class=\"_ _0\"></span>h items<span class=\"_ _2bd\"> </span>-5,588<span class=\"_ _16d\"> </span>0<span class=\"_ _11b\"> </span>-5,58831.12<span class=\"_ _21d\"> </span>325,715 <span class=\"_ _1af\"> </span> 90,67<span class=\"_ _1\"></span>4 <span class=\"_ _4e\"> </span>416,390Curr<span class=\"_ _0\"></span>ent<span class=\"_ _21b\"> </span>21,682<span class=\"_ _9f\"> </span>73,536<span class=\"_ _165\"> </span>-Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _23b\"> </span>304,033<span class=\"_ _a0\"> </span>17,139<span class=\"_ _165\"> </span>-2021Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t-bearing loans andborro<span class=\"_ _0\"></span>wings Leas<span class=\"_ _0\"></span>e liabilities (EUR 1,000)(Note 23)(Note 15)<span class=\"_ _ac\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>1.1<span class=\"_ _2dc\"> </span>228,687<span class=\"_ _c3\"> </span>88,175<span class=\"_ _6f\"> </span>316,86<span class=\"_ _0\"></span>1Cash FlowsPr<span class=\"_ _0\"></span>oceeds of loans f<span class=\"_ _8\"></span>rom financial ins<span class=\"_ _0\"></span>titutions<span class=\"_ _215\"> </span>728,843<span class=\"_ _2dd\"> </span>-<span class=\"_ _d4\"> </span>728,843Rep<span class=\"_ _0\"></span>ayment of loans f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _1d6\"> </span>-775,640<span class=\"_ _165\"> </span>-<span class=\"_ _27b\"> </span>-775,640Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _1fb\"> </span>-1,553<span class=\"_ _165\"> </span>-<span class=\"_ _c3\"> </span>-1,553Leas<span class=\"_ _0\"></span>e payments<span class=\"_ _72\"> </span>-<span class=\"_ _104\"> </span>-19,96<span class=\"_ _0\"></span>9<span class=\"_ _104\"> </span>-19,96<span class=\"_ _0\"></span>9Non-cash eff<span class=\"_ _8\"></span>ectsInt<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expensed<span class=\"_ _2de\"> </span>1,953<span class=\"_ _a2\"> </span>4,138<span class=\"_ _b1\"> </span>6,091Net additions leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _15b\"> </span>-<span class=\"_ _a0\"> </span>8,260<span class=\"_ _a4\"> </span>8,2<span class=\"_ _0\"></span>60Other non-cas<span class=\"_ _0\"></span>h items<span class=\"_ _203\"> </span>1,564<span class=\"_ _16d\"> </span>0<span class=\"_ _a2\"> </span>1,56431.12<span class=\"_ _2df\"> </span>183,853 <span class=\"_ _53\"> </span> 80,604 <span class=\"_ _27b\"> </span>264,457Curr<span class=\"_ _0\"></span>ent<span class=\"_ _bb\"> </span>14,420<span class=\"_ _1fc\"> </span>62,342<span class=\"_ _165\"> </span>-Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _2e0\"> </span>16<span class=\"_ _0\"></span>9,433<span class=\"_ _a0\"> </span>18,261<span class=\"_ _165\"> </span>-Not<span class=\"_ _0\"></span>e 32- R<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed PartiesT<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s with k<span class=\"_ _0\"></span>ey m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>tRel<span class=\"_ _0\"></span>ated party tran<span class=\"_ _0\"></span>sactions and bala<span class=\"_ _0\"></span>nces<span class=\"_ _194\"> </span>T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>saction values f<span class=\"_ _8\"></span>or the year ended<span class=\"_ _43\"> </span>Balance outs<span class=\"_ _0\"></span>tanding as ofDecember 31,December 31,December 31,December 31,(EUR 1,000)2022202120222021Joint V<span class=\"_ _8\"></span>entur<span class=\"_ _0\"></span>esSales of goods and s<span class=\"_ _0\"></span>ervices<span class=\"_ _18d\"> </span> 4,877 <span class=\"_ _53\"> </span> 3,014 <span class=\"_ _4e\"> </span> 1,200 <span class=\"_ _c6\"> </span>643 Pur<span class=\"_ _0\"></span>chase of g<span class=\"_ _0\"></span>oods and services<span class=\"_ _141\"> </span> 35,781 <span class=\"_ _108\"> </span> 23,872 <span class=\"_ _4e\"> </span> 2,39<span class=\"_ _8\"></span>4 <span class=\"_ _6b\"> </span> 2,260 Dividends r<span class=\"_ _0\"></span>eceived<span class=\"_ _2b2\"> </span> - <span class=\"_ _df\"> </span> 4,965 <span class=\"_ _1b2\"> </span>-<span class=\"_ _2e1\"> </span> - Associ<span class=\"_ _0\"></span>atesSales of goods and s<span class=\"_ _0\"></span>ervices<span class=\"_ _170\"> </span><span class=\"ls1 ws1\"> 69<span class=\"_ _a\"></span> <span class=\"_ _71\"> </span></span>227 <span class=\"_ _a7\"> </span> - <span class=\"_ _e3\"> </span> 6 Pur<span class=\"_ _0\"></span>chase of g<span class=\"_ _0\"></span>oods and services<span class=\"_ _2e2\"> </span> 1,198 <span class=\"_ _6b\"> </span> 4,465 <span class=\"_ _d2\"> </span><span class=\"lsb ws8c\"> 26 <span class=\"_ _b5\"> </span></span>819 Loan and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed inter<span class=\"_ _0\"></span>est<span class=\"_ _201\"> </span>-<span class=\"_ _2e1\"> </span> - <span class=\"_ _1fc\"> </span>836 <span class=\"_ _c6\"> </span>834 Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s: annual compens<span class=\"_ _0\"></span>ation and number of shar<span class=\"_ _8\"></span>es ownedRel<span class=\"_ _0\"></span>ated party tran<span class=\"_ _0\"></span>sactions and bala<span class=\"_ _0\"></span>nces<span class=\"_ _dc\"> </span>Compensation earned<span class=\"_ _1b4\"> </span>Number of share<span class=\"_ _0\"></span>sDecember 31,December 31,December 31,December 31,(EUR 1,000, ex<span class=\"_ _0\"></span>cept number of shar<span class=\"_ _8\"></span>es)2022202120222021Jo Olav L<span class=\"_ _0\"></span>under<span class=\"_ _0\"></span>, Chairpers<span class=\"_ _0\"></span>on<span class=\"_ _1fe\"> </span> 65 <span class=\"_ _c3\"> </span> 59 <span class=\"_ _108\"> </span>107,142 <span class=\"_ _108\"> </span>107,142 Sanna Su<span class=\"_ _0\"></span>vanto-H<span class=\"_ _0\"></span>arsaae<span class=\"_ _2e3\"> </span> 43 <span class=\"_ _c3\"> </span> 32 <span class=\"_ _69\"> </span> 14,285 <span class=\"_ _13c\"> </span> 14,285 Sid Johari<span class=\"_ _212\"> </span> 40 <span class=\"_ _b5\"> </span> 40 <span class=\"_ _62\"> </span> 17,857 <span class=\"_ _62\"> </span> 17,857 Anna Belf<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e<span class=\"_ _172\"> </span> 48 <span class=\"_ _c3\"> </span> 36 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span><span class=\"ff2\"> - </span>Anette Bauer Ellin<span class=\"_ _0\"></span>gsen<span class=\"_ _214\"> </span> 15 <span class=\"_ _217\"> </span> 11 <span class=\"_ _75\"> </span> 1,071 <span class=\"_ _66\"> </span> 1,071 Erlend Sv<span class=\"_ _0\"></span>eva<span class=\"_ _299\"> </span> 15 <span class=\"_ _a4\"> </span> 15 <span class=\"_ _66\"> </span> 1,071 <span class=\"_ _75\"> </span> 1,071 Marius Wiklund<span class=\"_ _172\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _da\"> </span> 1,786 <span class=\"_ _da\"> </span> 1,7<span class=\"_ _0\"></span>86 P<span class=\"_ _0\"></span>er Thau<span class=\"_ _208\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - Michael F<span class=\"_ _0\"></span>ranci<span class=\"_ _0\"></span>s Cronin<span class=\"_ _2e4\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - Marianne Gr<span class=\"_ _0\"></span>oven<span class=\"_ _88\"> </span> 1 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - Other r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed part<span class=\"_ _a\"></span>y tr<span class=\"_ _8\"></span>ansactionsLo<span class=\"_ _0\"></span>ans to emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e EUR 2<span class=\"_ _0\"></span>4 thou<span class=\"_ _0\"></span>sand in 2022 and EUR 20 t<span class=\"_ _0\"></span>housand in 2<span class=\"_ _0\"></span>021. No guar<span class=\"ws0\">-</span>ant<span class=\"_ _0\"></span>ees h<span class=\"_ _0\"></span>ave been pr<span class=\"_ _8\"></span>ovided. None of the Boar<span class=\"_ _8\"></span>d Members or t<span class=\"_ _0\"></span>he CEO h<span class=\"_ _0\"></span>ave e<span class=\"_ _8\"></span>xec<span class=\"_ _0\"></span>utive loans or guar<span class=\"_ _8\"></span>antee<span class=\"_ _0\"></span>s in the Compan<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>.None of the Boar<span class=\"_ _8\"></span>d Members or the CE<span class=\"_ _8\"></span>O hav<span class=\"_ _0\"></span>e ex<span class=\"_ _8\"></span>ecutive loan<span class=\"_ _0\"></span>s or guar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ees in the Comp<span class=\"_ _0\"></span>any<span class=\"_ _8\"></span>.Not<span class=\"_ _0\"></span>e 33 - Subs<span class=\"_ _8\"></span>equent event<span class=\"_ _0\"></span>sOn F<span class=\"_ _0\"></span>ebruar<span class=\"_ _a\"></span>y 22, 2023, Elopak announced t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he sale of all Elopak's sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in its f<span class=\"_ _8\"></span>ormer R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an subsidiary, JS<span class=\"_ _0\"></span>C Elopak ha<span class=\"_ _0\"></span>s been completed and Elop<span class=\"_ _0\"></span>ak has t<span class=\"_ _0\"></span>hus fin<span class=\"_ _0\"></span>alized its div<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ment of its R<span class=\"_ _8\"></span>ussian oper<span class=\"_ _0\"></span>ations. R<span class=\"_ _8\"></span>eceipt of the pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price r<span class=\"_ _0\"></span>emain<span class=\"_ _0\"></span>s pending the due d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the v<span class=\"_ _0\"></span>arious inst<span class=\"_ _0\"></span>alments.Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impactSust<span class=\"_ _0\"></span>ainability F<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>meworkElopak m<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>s the ris<span class=\"_ _0\"></span>ks r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o sust<span class=\"_ _0\"></span>ainability<span class=\"_ _0\"></span>. Climat<span class=\"_ _0\"></span>e risk<span class=\"_ _8\"></span>s, such as the r<span class=\"_ _8\"></span>apidly changin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>egulat<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y environmen<span class=\"_ _0\"></span>t and phy<span class=\"_ _0\"></span>sical risk<span class=\"_ _8\"></span>s are int<span class=\"_ _8\"></span>egr<span class=\"_ _0\"></span>ated p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ts of the su<span class=\"_ _0\"></span>stain<span class=\"_ _0\"></span>ability fr<span class=\"_ _8\"></span>amework.W<span class=\"_ _8\"></span>e f<span class=\"_ _0\"></span>ocus our eff<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>ts on monitorin<span class=\"_ _0\"></span>g global developmen<span class=\"_ _0\"></span>ts concernin<span class=\"_ _0\"></span>g sus<span class=\"_ _0\"></span>tainability and/<span class=\"_ _1\"></span>orpacka<span class=\"_ _0\"></span>ging, such a<span class=\"_ _0\"></span>s the EU T<span class=\"_ _1\"></span>ax<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>y fr<span class=\"_ _8\"></span>amework, the Corpor<span class=\"_ _8\"></span>ate S<span class=\"_ _0\"></span>ustain<span class=\"_ _0\"></span>ability due diligencedir<span class=\"_ _0\"></span>ective, and the EU P<span class=\"_ _8\"></span>ackaging &amp; P<span class=\"_ _8\"></span>ackaging W<span class=\"_ _0\"></span>ast<span class=\"_ _8\"></span>e Directive. See 2<span class=\"_ _0\"></span>022 Elopak sus<span class=\"_ _0\"></span>tainability r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e details. The EU Dir<span class=\"_ _8\"></span>ective 2019<span class=\"_ _8\"></span>/<span class=\"_ _0\"></span>904, also k<span class=\"_ _0\"></span>nown as Sin<span class=\"_ _0\"></span>gle Use Pla<span class=\"_ _0\"></span>stic Dir<span class=\"_ _0\"></span>ective r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at all single u<span class=\"_ _0\"></span>se pla<span class=\"_ _0\"></span>stic closur<span class=\"_ _8\"></span>es th<span class=\"_ _0\"></span>at encompas<span class=\"_ _0\"></span>s the carton clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es mu<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>emain attached during it<span class=\"_ _0\"></span>s use, which will come in<span class=\"_ _0\"></span>to eff<span class=\"_ _8\"></span>ect as of July 3, 202<span class=\"_ _8\"></span>4.At pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t, Elopak is s<span class=\"_ _0\"></span>ubject to Pl<span class=\"_ _0\"></span>astic P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oduct T<span class=\"_ _1\"></span>ax in the UK and Spain f<span class=\"_ _8\"></span>rom 2<span class=\"_ _0\"></span>022and in Italy starting in 2023. W<span class=\"_ _8\"></span>e will as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s development<span class=\"_ _0\"></span>s of Plas<span class=\"_ _0\"></span>tic Pr<span class=\"_ _8\"></span>oduct T<span class=\"_ _1\"></span>ax in othercountrie<span class=\"_ _0\"></span>s as r<span class=\"_ _8\"></span>elevant. As EU Member Stat<span class=\"_ _8\"></span>es ha<span class=\"_ _0\"></span>ve compet<span class=\"_ _8\"></span>ence on tax, they m<span class=\"_ _0\"></span>ay chan<span class=\"_ _0\"></span>ge scope,define pay<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, or decide if the lev<span class=\"_ _a\"></span>y will be paid f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om nation<span class=\"_ _0\"></span>al budget, meaning no impo<span class=\"_ _0\"></span>sitionof pla<span class=\"_ _0\"></span>stic tax. It ha<span class=\"_ _0\"></span>s been ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at the Pla<span class=\"_ _0\"></span>stic Pr<span class=\"_ _8\"></span>oduct T<span class=\"_ _1\"></span>ax will hav<span class=\"_ _0\"></span>e no impact on theout<span class=\"_ _0\"></span>come of impairment t<span class=\"_ _8\"></span>esting.Elopak su<span class=\"_ _0\"></span>stain<span class=\"_ _0\"></span>ability prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mElopak\u2019<span class=\"_ _f\"></span>s Group s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ategy is m<span class=\"_ _0\"></span>anaged t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ough an annual busines<span class=\"_ _0\"></span>s planning pr<span class=\"_ _8\"></span>ocess wher<span class=\"_ _8\"></span>e the Compan<span class=\"_ _0\"></span>y defines s<span class=\"_ _0\"></span>ome ke<span class=\"_ _0\"></span>y priorities. Each busine<span class=\"_ _0\"></span>ss unit define<span class=\"_ _0\"></span>s its Must<span class=\"_ _0\"></span>-Win-Battle<span class=\"_ _0\"></span>s, which ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>anulat<span class=\"_ _8\"></span>ed down to individual tar<span class=\"_ _8\"></span>gets f<span class=\"_ _0\"></span>or employee<span class=\"_ _0\"></span>s. This st<span class=\"_ _0\"></span>ruct<span class=\"_ _0\"></span>ure en<span class=\"_ _0\"></span>tails the en<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>e organiz<span class=\"_ _0\"></span>ation and str<span class=\"_ _8\"></span>ategic appr<span class=\"_ _8\"></span>oach, including the s<span class=\"_ _0\"></span>ustain<span class=\"_ _0\"></span>ability pro<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am. R<span class=\"_ _0\"></span>ead mor<span class=\"_ _0\"></span>e about Elopak\u2019<span class=\"_ _1\"></span>s Gr<span class=\"_ _8\"></span>oup Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impact <span class=\"fc3\">continued</span>str<span class=\"_ _8\"></span>ategy in our Annual Report.The sus<span class=\"_ _0\"></span>tainability pr<span class=\"_ _8\"></span>ogr<span class=\"_ _0\"></span>am is an embedded part of the over<span class=\"_ _8\"></span>all gr<span class=\"_ _0\"></span>oup str<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, and re<span class=\"_ _0\"></span>sponsibilitie<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or various s<span class=\"_ _0\"></span>ections ar<span class=\"_ _0\"></span>e placed t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oughout all busines<span class=\"_ _0\"></span>s units. The Gr<span class=\"_ _0\"></span>oup Leader<span class=\"_ _0\"></span>ship T<span class=\"_ _f\"></span>eam (GL<span class=\"_ _1\"></span>T) is t<span class=\"_ _0\"></span>he over<span class=\"_ _8\"></span>all steerin<span class=\"_ _0\"></span>g committ<span class=\"_ _0\"></span>ee of the pr<span class=\"_ _8\"></span>ogram and r<span class=\"_ _8\"></span>eviews the perf<span class=\"_ _0\"></span>ormance on a quarterly basi<span class=\"_ _0\"></span>s. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _8\"></span>s is over<span class=\"_ _8\"></span>all re<span class=\"_ _0\"></span>sponsible f<span class=\"_ _8\"></span>or str<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _a\"></span>y appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>al and implementation.Our sus<span class=\"_ _0\"></span>tainability pr<span class=\"_ _8\"></span>ogram c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>s of 16 tar<span class=\"_ _0\"></span>gets divided int<span class=\"_ _8\"></span>o our mat<span class=\"_ _0\"></span>erial topics. <span class=\"_ _0\"></span>The targ<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e link<span class=\"_ _0\"></span>ed to s<span class=\"_ _0\"></span>pecific str<span class=\"_ _8\"></span>ategic initiativ<span class=\"_ _0\"></span>es owned b<span class=\"_ _0\"></span>y rele<span class=\"_ _0\"></span>vant bu<span class=\"_ _0\"></span>siness ar<span class=\"_ _8\"></span>eas. Specific KPI<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e defined t<span class=\"_ _0\"></span>o measur<span class=\"_ _8\"></span>e and report prog<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ess and con<span class=\"_ _0\"></span>tinuously adap<span class=\"_ _0\"></span>ted t<span class=\"_ _8\"></span>o reflect our ambitions, some of which r<span class=\"_ _8\"></span>efer t<span class=\"_ _8\"></span>o the GRI f<span class=\"_ _8\"></span>rame<span class=\"_ _0\"></span>work; other<span class=\"_ _8\"></span>s are mor<span class=\"_ _8\"></span>e specific to our indu<span class=\"_ _0\"></span>str<span class=\"_ _a\"></span>y and hence self-defined. See 2022 Elop<span class=\"_ _0\"></span>ak sust<span class=\"_ _0\"></span>ainability r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e details.Climat<span class=\"_ _8\"></span>e RiskA f<span class=\"_ _0\"></span>ull climat<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial adver<span class=\"_ _0\"></span>se ph<span class=\"_ _0\"></span>ysical imp<span class=\"_ _0\"></span>acts t<span class=\"_ _0\"></span>o the busine<span class=\"_ _0\"></span>ss f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om climat<span class=\"_ _0\"></span>echan<span class=\"_ _0\"></span>ge wa<span class=\"_ _0\"></span>s completed in 2<span class=\"_ _0\"></span>022 in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h T<span class=\"_ _8\"></span>CFD (T<span class=\"_ _1\"></span>ask F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ce on Climat<span class=\"_ _8\"></span>e-rel<span class=\"_ _0\"></span>ated Fin<span class=\"_ _0\"></span>ancial Dis<span class=\"_ _0\"></span>closur<span class=\"_ _8\"></span>es), a f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>amework or<span class=\"_ _0\"></span>ganization t<span class=\"_ _8\"></span>o publicly disclos<span class=\"_ _0\"></span>e climat<span class=\"_ _0\"></span>e-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risk<span class=\"_ _8\"></span>s &amp; oppor<span class=\"_ _a\"></span>tunities.The climat<span class=\"_ _8\"></span>e risk is c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>orized in<span class=\"_ _0\"></span>to ph<span class=\"_ _8\"></span>ysical impacts s<span class=\"_ _0\"></span>uch as e<span class=\"_ _0\"></span>xtr<span class=\"_ _0\"></span>eme weather<span class=\"_ _1\"></span>, floods or dr<span class=\"_ _0\"></span>oughts and sea lev<span class=\"_ _0\"></span>el ris<span class=\"_ _0\"></span>e and T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ansition impact<span class=\"_ _0\"></span>s fr<span class=\"_ _8\"></span>om pot<span class=\"_ _0\"></span>ential chan<span class=\"_ _0\"></span>ges in clim<span class=\"_ _8\"></span>ate policy and mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et outlook<span class=\"_ _0\"></span>s. In or<span class=\"_ _0\"></span>der to c<span class=\"_ _0\"></span>omprehen<span class=\"_ _0\"></span>sively m<span class=\"_ _0\"></span>ap and analyz<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s and oppor<span class=\"_ _a\"></span>tunitie<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed with clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e, inf<span class=\"_ _0\"></span>ormation and insigh<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e obtained on the f<span class=\"_ _8\"></span>ollowing t<span class=\"_ _0\"></span>hree p<span class=\"_ _0\"></span>aramet<span class=\"_ _8\"></span>ers: Impact, lik<span class=\"_ _8\"></span>elihood and time horizon. A combination of t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>aramet<span class=\"_ _8\"></span>ers pr<span class=\"_ _8\"></span>ovides an ov<span class=\"_ _0\"></span>erall ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of which risk and opportunitie<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>specially r<span class=\"_ _8\"></span>elevant f<span class=\"_ _8\"></span>or Elopak.Fina<span class=\"_ _0\"></span>ncial climat<span class=\"_ _8\"></span>e impactsBased on t<span class=\"_ _0\"></span>he sus<span class=\"_ _0\"></span>tainability f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>amework, the defined s<span class=\"_ _0\"></span>ustain<span class=\"_ _0\"></span>ability pro<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am targ<span class=\"_ _0\"></span>ets and the r<span class=\"_ _8\"></span>esult of the clim<span class=\"_ _0\"></span>ate ri<span class=\"_ _0\"></span>sk ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment, Elopak ha<span class=\"_ _0\"></span>s consider<span class=\"_ _0\"></span>ed the impact<span class=\"_ _0\"></span>s of climat<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge in pr<span class=\"_ _0\"></span>eparing the 2022 c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed annual financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. The table below s<span class=\"_ _0\"></span>ummariz<span class=\"_ _0\"></span>es the clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk fin<span class=\"_ _0\"></span>ancial impact a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssments f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om Elopak 2022 su<span class=\"_ _0\"></span>stain<span class=\"_ _0\"></span>abilit<span class=\"_ _a\"></span>y r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>t:Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impact <span class=\"fc3\">continued</span>Annual Impact  Climat<span class=\"_ _0\"></span>e risk(EUR million) <span class=\"_ _22\"> </span>Time horiz<span class=\"_ _0\"></span>on<span class=\"_ _22\"> </span>CategoryRe<span class=\"_ _0\"></span>gulatory risk: Competition f<span class=\"_ _0\"></span>rom ot<span class=\"_ _0\"></span>her low-carbon packa<span class=\"_ _0\"></span>ging More t<span class=\"_ _0\"></span>han 80<span class=\"_ _15\"> </span>shor<span class=\"_ _a\"></span>t<span class=\"_ _b1\"> </span>r<span class=\"_ _0\"></span>evenuealtern<span class=\"_ _0\"></span>ativesRe<span class=\"_ _0\"></span>gulatory risk: Chan<span class=\"_ _0\"></span>ging lands<span class=\"_ _0\"></span>cape for p<span class=\"_ _0\"></span>ackaging r<span class=\"_ _0\"></span>egulations<span class=\"_ _2f\"> </span>More t<span class=\"_ _0\"></span>han 80<span class=\"_ _15\"> </span>shor<span class=\"_ _a\"></span>t<span class=\"_ _ac\"> </span>revenueOpportunity: Offering low-c<span class=\"_ _0\"></span>arbon and circ<span class=\"_ _0\"></span>ular altern<span class=\"_ _0\"></span>atives<span class=\"_ _142\"> </span>More th<span class=\"_ _0\"></span>an 80<span class=\"_ _49\"> </span>short<span class=\"_ _b1\"> </span>rev<span class=\"_ _0\"></span>enueOpportunity: Rising cost<span class=\"_ _0\"></span>s relat<span class=\"_ _8\"></span>ed to COLes<span class=\"_ _0\"></span>s than 20<span class=\"_ _153\"> </span>short<span class=\"_ _b1\"> </span>revenue2Re<span class=\"_ _0\"></span>gulatory risk: Const<span class=\"_ _0\"></span>rained acce<span class=\"_ _0\"></span>ss and price fluctuations f<span class=\"_ _8\"></span>or low- Between 5 and 20<span class=\"_ _c\"> </span>short<span class=\"_ _b1\"> </span><span class=\"lsb ws8c\">c<span class=\"_ _a\"></span>ost</span>emission m<span class=\"_ _0\"></span>aterialsPhy<span class=\"_ _0\"></span>sical risk: Extr<span class=\"_ _0\"></span>eme st<span class=\"_ _0\"></span>orm events di<span class=\"_ _0\"></span>srupting dir<span class=\"_ _0\"></span>ect operations f<span class=\"_ _8\"></span>or Les<span class=\"_ _0\"></span>s than 5<span class=\"_ _194\"> </span>medium<span class=\"_ _1af\"> </span><span class=\"lsb ws8c\">cost</span>up to one weekRe<span class=\"_ _0\"></span>gulatory risk: T<span class=\"_ _1\"></span>echnological development<span class=\"_ _0\"></span>s for carton r<span class=\"_ _0\"></span>ecycling More t<span class=\"_ _0\"></span>han 20<span class=\"_ _49\"> </span>medium<span class=\"_ _1af\"> </span><span class=\"lsb ws8c\">cost</span>requir<span class=\"_ _8\"></span>e investment and/<span class=\"_ _1\"></span>or product developmentPhy<span class=\"_ _0\"></span>sical risk: Chr<span class=\"_ _0\"></span>onic drought<span class=\"_ _0\"></span>s or water shortages in ar<span class=\"_ _8\"></span>eas of Between 5 and 20<span class=\"_ _c\"> </span>long<span class=\"_ _1b2\"> </span><span class=\"lsb ws8c\">cost</span>direct oper<span class=\"_ _8\"></span>ations or upstr<span class=\"_ _0\"></span>eam value chainPhy<span class=\"_ _0\"></span>sical risk: Wildfir<span class=\"_ _0\"></span>es impacting r<span class=\"_ _0\"></span>aw mat<span class=\"_ _8\"></span>erial volumes in the Between 5 and 20<span class=\"_ _c\"> </span>long<span class=\"_ _1b2\"> </span><span class=\"lsb ws8c\">cost</span>upstr<span class=\"_ _8\"></span>eam value chain4 risk<span class=\"_ _8\"></span>s/<span class=\"_ _8\"></span>oppor<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>unities ar<span class=\"_ _8\"></span>e considered t<span class=\"_ _8\"></span>o hav<span class=\"_ _0\"></span>e a pot<span class=\"_ _0\"></span>ential of incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>evenues at a s<span class=\"_ _0\"></span>hor<span class=\"_ _a\"></span>t time horizon while 5 ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e a risk of co<span class=\"_ _0\"></span>sts at short, medium or long time horizon<span class=\"_ _0\"></span>s. Lon<span class=\"_ _0\"></span>g time horizon varie<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om up to 2<span class=\"_ _0\"></span>030 f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>egul<span class=\"_ _0\"></span>ator<span class=\"_ _a\"></span>y ri<span class=\"_ _0\"></span>sks and un<span class=\"_ _0\"></span>til 2100 f<span class=\"_ _0\"></span>or phy<span class=\"_ _0\"></span>sical ri<span class=\"_ _0\"></span>sks.Impact on capit<span class=\"_ _0\"></span>al expendit<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e commitment<span class=\"_ _0\"></span>s: <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">T<span class=\"_ _1\"></span>ar<span class=\"_ _0\"></span>gets r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed to r<span class=\"_ _8\"></span>educed emissions ar<span class=\"_ _8\"></span>e mainly met by r<span class=\"_ _8\"></span>eplacing old pr<span class=\"_ _8\"></span>oduction line </span></span>components wit<span class=\"_ _0\"></span>h new, mor<span class=\"_ _0\"></span>e energy-eff<span class=\"_ _0\"></span>ective component<span class=\"_ _0\"></span>s. Most of t<span class=\"_ _0\"></span>he repl<span class=\"_ _0\"></span>aced par<span class=\"_ _a\"></span>ts ar<span class=\"_ _0\"></span>e alr<span class=\"_ _0\"></span>eady f<span class=\"_ _0\"></span>ully depreci<span class=\"_ _0\"></span>ated. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Due t<span class=\"_ _0\"></span>o the Single Us<span class=\"_ _0\"></span>e Plas<span class=\"_ _0\"></span>tic Directiv<span class=\"_ _0\"></span>e the e<span class=\"_ _8\"></span>xisting Cap<span class=\"_ _0\"></span>s lease c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts h<span class=\"_ _0\"></span>ave been </span></span>r<span class=\"_ _0\"></span>eass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sed with a r<span class=\"_ _8\"></span>educed usef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e in pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>or the chan<span class=\"_ _0\"></span>ging legi<span class=\"_ _0\"></span>slation Elopak ha<span class=\"_ _0\"></span>s signed a contr<span class=\"_ _8\"></span>act for T<span class=\"_ _f\"></span>ether<span class=\"_ _8\"></span>ed Cap lines and is e<span class=\"_ _8\"></span>xpecting to e<span class=\"_ _8\"></span>xpand the off<span class=\"_ _0\"></span>ering of t<span class=\"_ _0\"></span>ether<span class=\"_ _0\"></span>ed cap solution<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>ust<span class=\"_ _8\"></span>omers during 2<span class=\"_ _0\"></span>023. Additionally<span class=\"_ _8\"></span>, Elopak h<span class=\"_ _0\"></span>as ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sed th<span class=\"_ _0\"></span>at the e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>ting leas<span class=\"_ _0\"></span>e contr<span class=\"_ _8\"></span>acts f<span class=\"_ _0\"></span>or separ<span class=\"_ _8\"></span>able cap lines should be f<span class=\"_ _0\"></span>ully depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed bef<span class=\"_ _0\"></span>ore the t<span class=\"_ _0\"></span>etherin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>equiremen<span class=\"_ _0\"></span>t will be in place and h<span class=\"_ _0\"></span>as ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e re<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pective leas<span class=\"_ _0\"></span>es, see Not<span class=\"_ _8\"></span>e 15 for f<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>ther inf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ation.Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impact <span class=\"fc3\">continued</span>R<span class=\"_ _0\"></span>ecognition and mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ement of impairmen<span class=\"_ _0\"></span>ts:Impairment<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e mainly identified and r<span class=\"_ _8\"></span>ecognized b<span class=\"_ _0\"></span>y det<span class=\"_ _0\"></span>ermining the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount bas<span class=\"_ _0\"></span>ed on value in us<span class=\"_ _0\"></span>e, which means th<span class=\"_ _0\"></span>at the it<span class=\"_ _0\"></span>em is mea<span class=\"_ _0\"></span>sur<span class=\"_ _8\"></span>ed as a pre<span class=\"_ _0\"></span>sent v<span class=\"_ _0\"></span>alue of dis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash-flow<span class=\"_ _0\"></span>s. These c<span class=\"_ _0\"></span>ash flows ar<span class=\"_ _8\"></span>e based on e<span class=\"_ _8\"></span>xpected r<span class=\"_ _8\"></span>evenues, r<span class=\"_ _8\"></span>esult and capit<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>xpenditur<span class=\"_ _8\"></span>es in the CGU of which the it<span class=\"_ _8\"></span>em is oper<span class=\"_ _0\"></span>ating within. The clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk fin<span class=\"_ _0\"></span>ancial impact as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment conclude<span class=\"_ _0\"></span>s that t<span class=\"_ _0\"></span>he pot<span class=\"_ _0\"></span>ential of r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s is b<span class=\"_ _0\"></span>y far higher <span class=\"_ _0\"></span>than t<span class=\"_ _0\"></span>he risk of cos<span class=\"_ _0\"></span>ts and th<span class=\"_ _0\"></span>at the r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s is lik<span class=\"_ _8\"></span>ely to occ<span class=\"_ _0\"></span>ur earlier th<span class=\"_ _0\"></span>an the cos<span class=\"_ _0\"></span>ts. In the c<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>hat Elopak is f<span class=\"_ _8\"></span>aced with incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ed cost r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he climat<span class=\"_ _0\"></span>e risk<span class=\"_ _8\"></span>s, this will ov<span class=\"_ _0\"></span>er time be pas<span class=\"_ _0\"></span>sed on t<span class=\"_ _0\"></span>o the c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers, simil<span class=\"_ _0\"></span>ar to wh<span class=\"_ _8\"></span>at other packagin<span class=\"_ _0\"></span>g companies ar<span class=\"_ _8\"></span>e expect<span class=\"_ _8\"></span>ed to do when f<span class=\"_ _8\"></span>aced with t<span class=\"_ _0\"></span>he same climat<span class=\"_ _8\"></span>e challenge<span class=\"_ _0\"></span>s. Based on t<span class=\"_ _0\"></span>his, we c<span class=\"_ _0\"></span>onsider the ri<span class=\"_ _0\"></span>sk of impairment r<span class=\"_ _8\"></span>elated t<span class=\"_ _0\"></span>o climat<span class=\"_ _0\"></span>e risk t<span class=\"_ _8\"></span>o be low.R<span class=\"_ _0\"></span>ecognition and mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ement of pr<span class=\"_ _8\"></span>ovisions and di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es surr<span class=\"_ _8\"></span>ounding contin<span class=\"_ _0\"></span>gent liabilitie<span class=\"_ _0\"></span>s:Elopak h<span class=\"_ _0\"></span>as not identified f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts or loss<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>hat meets t<span class=\"_ _0\"></span>he definition of pr<span class=\"_ _0\"></span>ovision or contin<span class=\"_ _0\"></span>gent liabilitie<span class=\"_ _0\"></span>s under IAS 37 P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ovision<span class=\"_ _0\"></span>s, Conting<span class=\"_ _0\"></span>ent Liabilities and Con<span class=\"_ _0\"></span>tingen<span class=\"_ _0\"></span>t Assets.Invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y is meas<span class=\"_ _0\"></span>ured at c<span class=\"_ _0\"></span>ost and writt<span class=\"_ _8\"></span>en down to t<span class=\"_ _0\"></span>he ext<span class=\"_ _8\"></span>ent that e<span class=\"_ _8\"></span>xpected s<span class=\"_ _0\"></span>ales price les<span class=\"_ _0\"></span>s cos<span class=\"_ _0\"></span>t of sales i<span class=\"_ _0\"></span>s lower th<span class=\"_ _0\"></span>an cos<span class=\"_ _0\"></span>t. Invent<span class=\"_ _8\"></span>or<span class=\"_ _16\"></span>y it<span class=\"_ _0\"></span>ems r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o sale of cartons and clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave a high tur<span class=\"_ _0\"></span>nover<span class=\"_ _8\"></span>, hence it i<span class=\"_ _0\"></span>s not expect<span class=\"_ _8\"></span>ed to be negativ<span class=\"_ _0\"></span>ely impact<span class=\"_ _0\"></span>ed by f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e climat<span class=\"_ _0\"></span>e risk cos<span class=\"_ _0\"></span>ts. Filling m<span class=\"_ _0\"></span>achines and sp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e par<span class=\"_ _a\"></span>ts f<span class=\"_ _8\"></span>or filling machine<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e a lower t<span class=\"_ _0\"></span>urnov<span class=\"_ _0\"></span>er in invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y, howev<span class=\"_ _0\"></span>er climat<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e not concluded a specific ri<span class=\"_ _0\"></span>sk r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o thes<span class=\"_ _0\"></span>e machines.Beside<span class=\"_ _0\"></span>s the specific a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s mentioned abov<span class=\"_ _0\"></span>e, no financial clim<span class=\"_ _0\"></span>ate imp<span class=\"_ _0\"></span>acts ha<span class=\"_ _0\"></span>ve been identified as m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial t<span class=\"_ _0\"></span>o the 2022 cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed Annual Financi<span class=\"_ _0\"></span>al Stat<span class=\"_ _0\"></span>ements or t<span class=\"_ _0\"></span>he altern<span class=\"_ _0\"></span>ative per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ance measur<span class=\"_ _8\"></span>es (APMs).End of cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements.R<span class=\"_ _8\"></span>espon<span class=\"_ _0\"></span>sibilit<span class=\"_ _a\"></span>y st<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ementW<span class=\"_ _8\"></span>e confirm t<span class=\"_ _0\"></span>o the bes<span class=\"_ _0\"></span>t of our knowledg<span class=\"_ _0\"></span>e that t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated fin<span class=\"_ _0\"></span>ancial stat<span class=\"_ _8\"></span>ements f<span class=\"_ _0\"></span>or the period Januar<span class=\"_ _a\"></span>y 1 to Dec<span class=\"_ _0\"></span>ember 31, 2022 h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e been prep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ed in accor<span class=\"_ _0\"></span>dance with IFR<span class=\"_ _8\"></span>S adopted by t<span class=\"_ _0\"></span>he EU as well as addition<span class=\"_ _0\"></span>al dis<span class=\"_ _0\"></span>closur<span class=\"_ _8\"></span>e requir<span class=\"_ _8\"></span>ements in the Norwegian Ac<span class=\"_ _0\"></span>counting A<span class=\"_ _0\"></span>ct, and give<span class=\"_ _0\"></span>s a true and f<span class=\"_ _8\"></span>air view of the Elopak Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _1\"></span>s a<span class=\"_ _0\"></span>ssets, li<span class=\"_ _0\"></span>abilities, financi<span class=\"_ _0\"></span>al position and r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ult f<span class=\"_ _0\"></span>or the period. W<span class=\"_ _8\"></span>e also c<span class=\"_ _0\"></span>onfirm t<span class=\"_ _0\"></span>o the bes<span class=\"_ _0\"></span>t of our knowledge t<span class=\"_ _0\"></span>hat the Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d of Direct<span class=\"_ _8\"></span>ors\u2019 R<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t includes a f<span class=\"_ _8\"></span>air re<span class=\"_ _0\"></span>view of significant e<span class=\"_ _0\"></span>vents t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave oc<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ed during t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear and their impact on t<span class=\"_ _0\"></span>he financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements, an<span class=\"_ _0\"></span>y significan<span class=\"_ _0\"></span>t rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed par<span class=\"_ _a\"></span>ties tr<span class=\"_ _8\"></span>ansactions and a des<span class=\"_ _0\"></span>cription of the principal ri<span class=\"_ _0\"></span>sks and unc<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>tainties f<span class=\"_ _8\"></span>or the financi<span class=\"_ _0\"></span>al year<span class=\"_ _8\"></span>.Elopak Gr<span class=\"_ _0\"></span>oup Cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed Financi<span class=\"_ _0\"></span>al Stat<span class=\"_ _0\"></span>ementsSk<span class=\"_ _0\"></span>\u00f8yen, Mar<span class=\"_ _8\"></span>ch 30, 2023Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s in Elopak ASAJo Ola<span class=\"_ _0\"></span>v LunderT<span class=\"_ _f\"></span>rond Solber<span class=\"_ _0\"></span>gAnna Belf<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ageChairm<span class=\"_ _0\"></span>an of the Boar<span class=\"_ _0\"></span>dBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d MemberSid Joha<span class=\"_ _0\"></span>riSann<span class=\"_ _0\"></span>a Suv<span class=\"_ _0\"></span>ant<span class=\"_ _8\"></span>o-Hars<span class=\"_ _0\"></span>aae Erlend S<span class=\"_ _0\"></span>vev<span class=\"_ _0\"></span>aBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d Member<span class=\"ls0\"> </span>(employee r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entative)Anett<span class=\"_ _0\"></span>e Bauer Ellings<span class=\"_ _0\"></span>enThoma<span class=\"_ _0\"></span>s K<span class=\"_ _8\"></span>\u00f6rmendiBoar<span class=\"_ _0\"></span>d Member<span class=\"ls0\"> </span>CEO(employee r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entative)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__9": {
   "value": "Elopak ASA",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__10": {
   "value": "public limited company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__12": {
   "value": "Norway",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__11": {
   "value": "Norway",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__13": {
   "value": "Elopak is a global supplier of liquid carton packaging and filling equipment, catering to both the fresh and aseptic segments.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__8": {
   "value": "of liquid carton pack<span class=\"_ _0\"></span>aging and filling equipmen<span class=\"_ _0\"></span>t, cat<span class=\"_ _0\"></span>ering t<span class=\"_ _0\"></span>o both t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sh and as<span class=\"_ _0\"></span>eptic seg<span class=\"_ _0\"></span>ments. The principal activitie<span class=\"_ _0\"></span>s of the Compan<span class=\"_ _0\"></span>y and its sub<span class=\"_ _0\"></span>sidiaries ar<span class=\"_ _8\"></span>e described in Not<span class=\"_ _8\"></span>e 5. The addr<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>egist<span class=\"_ _8\"></span>ered office and princip<span class=\"_ _0\"></span>al place of busine<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s Industriv<span class=\"_ _0\"></span>eien 30, 3430 Spikk<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ad, Nor<span class=\"_ _a\"></span>wa<span class=\"_ _0\"></span>y. Elop<span class=\"_ _0\"></span>ak ASA is li<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed on Oslo B\u00f8r<span class=\"_ _0\"></span>s. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _8\"></span>s and the CEO aut<span class=\"_ _0\"></span>horized t<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts of Elopak ASA and its s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the ye<span class=\"_ _0\"></span>ar ended December 31, 2022, f<span class=\"_ _8\"></span>or iss<span class=\"_ _0\"></span>ue on Mar<span class=\"_ _0\"></span>ch 30, 2023.Elopak's m<span class=\"_ _0\"></span>aterial acc<span class=\"_ _0\"></span>ounting policie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e included in the e<span class=\"_ _0\"></span>xplanat<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y note<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__7": {
   "value": "of liquid carton pack<span class=\"_ _0\"></span>aging and filling equipmen<span class=\"_ _0\"></span>t, cat<span class=\"_ _0\"></span>ering t<span class=\"_ _0\"></span>o both t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sh and as<span class=\"_ _0\"></span>eptic seg<span class=\"_ _0\"></span>ments. The principal activitie<span class=\"_ _0\"></span>s of the Compan<span class=\"_ _0\"></span>y and its sub<span class=\"_ _0\"></span>sidiaries ar<span class=\"_ _8\"></span>e described in Not<span class=\"_ _8\"></span>e 5. The addr<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>egist<span class=\"_ _8\"></span>ered office and princip<span class=\"_ _0\"></span>al place of busine<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s Industriv<span class=\"_ _0\"></span>eien 30, 3430 Spikk<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ad, Nor<span class=\"_ _a\"></span>wa<span class=\"_ _0\"></span>y. Elop<span class=\"_ _0\"></span>ak ASA is li<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed on Oslo B\u00f8r<span class=\"_ _0\"></span>s. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _8\"></span>s and the CEO aut<span class=\"_ _0\"></span>horized t<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts of Elopak ASA and its s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the ye<span class=\"_ _0\"></span>ar ended December 31, 2022, f<span class=\"_ _8\"></span>or iss<span class=\"_ _0\"></span>ue on Mar<span class=\"_ _0\"></span>ch 30, 2023.Elopak's m<span class=\"_ _0\"></span>aterial acc<span class=\"_ _0\"></span>ounting policie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e included in the e<span class=\"_ _0\"></span>xplanat<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y note<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__15": {
   "value": "Industriveien 30, 3430 Spikkestad",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__14": {
   "value": "Industriveien 30, 3430 Spikkestad",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__16": {
   "value": "Not<span class=\"_ _0\"></span>e 2 \u2014 Basis of pr<span class=\"_ _8\"></span>epar<span class=\"_ _0\"></span>ationThe cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements of E<span class=\"_ _0\"></span>lopak ASA and its s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve been pr<span class=\"_ _8\"></span>epared in accor<span class=\"_ _8\"></span>dance with Int<span class=\"_ _8\"></span>ernation<span class=\"_ _0\"></span>al Financial R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting Stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds (IFR<span class=\"_ _0\"></span>S) as adopt<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>urope<span class=\"_ _0\"></span>an Union (EU). The accounting policie<span class=\"_ _0\"></span>s adopt<span class=\"_ _0\"></span>ed hav<span class=\"_ _0\"></span>e been applied consi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ently t<span class=\"_ _0\"></span>o all of the y<span class=\"_ _0\"></span>ears pr<span class=\"_ _8\"></span>esent<span class=\"_ _8\"></span>ed. Elopak also pr<span class=\"_ _8\"></span>ovides di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es in accor<span class=\"_ _8\"></span>dance with r<span class=\"_ _8\"></span>equirement<span class=\"_ _0\"></span>s in the Norwegian Acc<span class=\"_ _0\"></span>ounting A<span class=\"_ _0\"></span>ct (R<span class=\"_ _0\"></span>egnsk<span class=\"_ _0\"></span>apslov<span class=\"_ _0\"></span>en). New and amended stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds adopt<span class=\"_ _0\"></span>ed by Elopak do not h<span class=\"_ _0\"></span>ave a m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial impact on the con<span class=\"_ _0\"></span>solidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements. The Elopak Gr<span class=\"_ _0\"></span>oup consis<span class=\"_ _0\"></span>ts of Elopak ASA and it<span class=\"_ _0\"></span>s subsidiarie<span class=\"_ _0\"></span>s as set out in No<span class=\"_ _0\"></span>te 22.The cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts incorpor<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements of t<span class=\"_ _0\"></span>he compa<span class=\"ws0\">-</span>nies con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>olled by Elopak ASA. The f<span class=\"_ _8\"></span>unctional curr<span class=\"_ _8\"></span>ency of Elopak ASA is t<span class=\"_ _0\"></span>he Eur<span class=\"_ _8\"></span>o (EUR). All numbers ar<span class=\"_ _8\"></span>e pr<span class=\"_ _0\"></span>esent<span class=\"_ _8\"></span>ed in Eur<span class=\"_ _8\"></span>o 1,000 unless ot<span class=\"_ _0\"></span>her<span class=\"_ _a\"></span>wis<span class=\"_ _0\"></span>e is clearly s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ed.",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__17": {
   "value": "F<span class=\"_ _0\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _0\"></span>enciesThe individual financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements of each g<span class=\"_ _0\"></span>roup en<span class=\"_ _0\"></span>tity are pr<span class=\"_ _8\"></span>epared in t<span class=\"_ _0\"></span>he curr<span class=\"_ _8\"></span>ency of the primary economic envir<span class=\"_ _0\"></span>onment in which the en<span class=\"_ _0\"></span>tity operat<span class=\"_ _8\"></span>es (its f<span class=\"_ _0\"></span>unctional c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ency). F<span class=\"_ _0\"></span>or the purpos<span class=\"_ _0\"></span>e of the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>ts, the r<span class=\"_ _8\"></span>esults and fin<span class=\"_ _0\"></span>ancial position of e<span class=\"_ _0\"></span>ach gr<span class=\"_ _8\"></span>oup entit<span class=\"_ _a\"></span>y ar<span class=\"_ _8\"></span>e expr<span class=\"_ _8\"></span>essed in E<span class=\"_ _8\"></span>uro, which i<span class=\"_ _0\"></span>s the f<span class=\"_ _0\"></span>unctional cur<span class=\"_ _0\"></span>rency of t<span class=\"_ _0\"></span>he par<span class=\"_ _0\"></span>ent compan<span class=\"_ _8\"></span>y and the pr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>ation curr<span class=\"_ _0\"></span>ency f<span class=\"_ _0\"></span>or the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements.F<span class=\"_ _0\"></span>or the purpo<span class=\"_ _0\"></span>se of pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ting the con<span class=\"_ _0\"></span>solidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements, the as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s of Elopak\u2019<span class=\"_ _f\"></span>s for<span class=\"_ _8\"></span>eign oper<span class=\"_ _0\"></span>ations ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpre<span class=\"_ _0\"></span>ssed in <span class=\"_ _0\"></span>Eur<span class=\"_ _8\"></span>o using e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>evailin<span class=\"_ _0\"></span>g on the r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate. Income and e<span class=\"_ _8\"></span>xpense it<span class=\"_ _0\"></span>ems ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ated at t<span class=\"_ _0\"></span>he aver<span class=\"_ _8\"></span>age e<span class=\"_ _0\"></span>xch<span class=\"_ _8\"></span>ange r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the r<span class=\"_ _8\"></span>elevant periods.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__18": {
   "value": "Impairmen<span class=\"_ _0\"></span>t of non-financi<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>ets e<span class=\"_ _0\"></span>xcludi<span class=\"_ _0\"></span>ng goodwillAt each r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate, Elop<span class=\"_ _0\"></span>ak r<span class=\"_ _0\"></span>eviews the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount<span class=\"_ _0\"></span>s of its non-financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s to det<span class=\"_ _0\"></span>ermine whether ther<span class=\"_ _8\"></span>e is an<span class=\"_ _0\"></span>y indication of impairmen<span class=\"_ _0\"></span>t. If any s<span class=\"_ _0\"></span>uch indication e<span class=\"_ _0\"></span>xist<span class=\"_ _0\"></span>s, the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t of the as<span class=\"_ _0\"></span>set is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed in order t<span class=\"_ _8\"></span>o determine t<span class=\"_ _0\"></span>he ext<span class=\"_ _8\"></span>ent of the impair<span class=\"ws0\">-</span>ment los<span class=\"_ _0\"></span>s (if any). Wher<span class=\"_ _8\"></span>e it is not po<span class=\"_ _0\"></span>ssible t<span class=\"_ _0\"></span>o estim<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of an individual ass<span class=\"_ _0\"></span>et, Elopak es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he rec<span class=\"_ _0\"></span>over<span class=\"_ _8\"></span>able amount of the ca<span class=\"_ _0\"></span>sh-gener<span class=\"_ _0\"></span>ating unit t<span class=\"_ _0\"></span>o which the ass<span class=\"_ _0\"></span>et belongs.R<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t is the higher of <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to s<span class=\"_ _0\"></span>ell and value in us<span class=\"_ _0\"></span>e. In ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g value in u<span class=\"_ _0\"></span>se, the e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e discoun<span class=\"_ _0\"></span>ted t<span class=\"_ _8\"></span>o their pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t value usin<span class=\"_ _0\"></span>g a pr<span class=\"_ _0\"></span>e-tax dis<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that r<span class=\"_ _8\"></span>eflects curr<span class=\"_ _8\"></span>ent mark<span class=\"_ _8\"></span>et asse<span class=\"_ _0\"></span>ssmen<span class=\"_ _0\"></span>ts of the time v<span class=\"_ _0\"></span>alue of money and the ri<span class=\"_ _0\"></span>sks s<span class=\"_ _0\"></span>pecific to t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et.If the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount of an asset (or c<span class=\"_ _0\"></span>ash-gener<span class=\"_ _8\"></span>ating unit) is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed to be le<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>an its car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amount, the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et (cash-g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit) is r<span class=\"_ _8\"></span>educed to it<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t. An impairment lo<span class=\"_ _0\"></span>ss is r<span class=\"_ _8\"></span>ecognized immedi<span class=\"_ _0\"></span>ately in pr<span class=\"_ _8\"></span>ofit or loss.Wher<span class=\"_ _0\"></span>e an impairment lo<span class=\"_ _0\"></span>ss sub<span class=\"_ _0\"></span>sequent<span class=\"_ _0\"></span>ly r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>ses, t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount of the as<span class=\"_ _0\"></span>set (ca<span class=\"_ _0\"></span>sh-gen<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span>er<span class=\"_ _0\"></span>ating unit) i<span class=\"_ _0\"></span>s incre<span class=\"_ _0\"></span>ased t<span class=\"_ _0\"></span>o the r<span class=\"_ _8\"></span>evised e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>e of its r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount. The incr<span class=\"_ _0\"></span>eased carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount does not e<span class=\"_ _8\"></span>xceed t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t that w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e been det<span class=\"_ _0\"></span>ermined had no imp<span class=\"_ _0\"></span>airment los<span class=\"_ _0\"></span>s been rec<span class=\"_ _0\"></span>ognized f<span class=\"_ _8\"></span>or the as<span class=\"_ _0\"></span>set (ca<span class=\"_ _0\"></span>sh-gener<span class=\"_ _0\"></span>ating unit) in prior ye<span class=\"_ _0\"></span>ars. A r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal of an impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed immediat<span class=\"_ _0\"></span>ely in pr<span class=\"_ _0\"></span>ofit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__19": {
   "value": "Non-derivativ<span class=\"_ _0\"></span>e financi<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>umentsNon-derivativ<span class=\"_ _0\"></span>e financial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s compris<span class=\"_ _0\"></span>e inves<span class=\"_ _0\"></span>tments in equity and debt sec<span class=\"_ _0\"></span>urities,tr<span class=\"_ _0\"></span>ade and other r<span class=\"_ _8\"></span>eceivables, c<span class=\"_ _0\"></span>ash and ca<span class=\"_ _0\"></span>sh equivalen<span class=\"_ _0\"></span>ts, loans and borr<span class=\"_ _8\"></span>owings, and t<span class=\"_ _0\"></span>radeand other p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span>s.Subs<span class=\"_ _0\"></span>equent t<span class=\"_ _0\"></span>o initial r<span class=\"_ _0\"></span>ecognition, non-deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _8\"></span>e measur<span class=\"_ _0\"></span>ed asdes<span class=\"_ _0\"></span>cribed below.Financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts at amor<span class=\"_ _a\"></span>tiz<span class=\"_ _0\"></span>ed costSubs<span class=\"_ _0\"></span>equent t<span class=\"_ _0\"></span>o initial r<span class=\"_ _0\"></span>ecognition, non-deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _8\"></span>e measur<span class=\"_ _8\"></span>ed at amor<span class=\"ls0 ws0\">-</span>tized c<span class=\"_ _0\"></span>ost usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _8\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est met<span class=\"_ _0\"></span>hod, less an<span class=\"_ _8\"></span>y impairment los<span class=\"_ _0\"></span>ses. The c<span class=\"_ _0\"></span>alculation tak<span class=\"_ _8\"></span>es int<span class=\"_ _0\"></span>o account an<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>emium or disc<span class=\"_ _0\"></span>ount on acquisition and include<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ansaction co<span class=\"_ _0\"></span>sts and f<span class=\"_ _0\"></span>ees t<span class=\"_ _0\"></span>hat ar<span class=\"_ _0\"></span>e an int<span class=\"_ _0\"></span>egr<span class=\"_ _8\"></span>al par<span class=\"_ _a\"></span>t of the eff<span class=\"_ _0\"></span>ective int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. The effectiv<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate i<span class=\"_ _0\"></span>s the r<span class=\"_ _8\"></span>ate th<span class=\"_ _0\"></span>at e<span class=\"_ _0\"></span>xactly dis<span class=\"_ _0\"></span>counts e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e cash flo<span class=\"_ _0\"></span>ws thr<span class=\"_ _8\"></span>ough the expect<span class=\"_ _8\"></span>ed life of t<span class=\"_ _0\"></span>he financial a<span class=\"_ _0\"></span>sset or li<span class=\"_ _0\"></span>ability or<span class=\"_ _0\"></span>, wher<span class=\"_ _0\"></span>e appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e, a shor<span class=\"_ _a\"></span>ter period.Financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts at f<span class=\"_ _0\"></span>air valueThe f<span class=\"_ _0\"></span>air value of inv<span class=\"_ _0\"></span>estmen<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e actively tr<span class=\"_ _8\"></span>aded in organiz<span class=\"_ _0\"></span>ed financial m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>ets i<span class=\"_ _0\"></span>s deter<span class=\"ws0\">-</span>mined by r<span class=\"_ _8\"></span>efer<span class=\"_ _8\"></span>ence to quot<span class=\"_ _8\"></span>ed mark<span class=\"_ _8\"></span>et bid prices at the clos<span class=\"_ _0\"></span>e of busines<span class=\"_ _0\"></span>s on the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting dat<span class=\"_ _8\"></span>e. For inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ments wher<span class=\"_ _8\"></span>e ther<span class=\"_ _0\"></span>e is no activ<span class=\"_ _0\"></span>e mark<span class=\"_ _8\"></span>et, f<span class=\"_ _0\"></span>air value i<span class=\"_ _0\"></span>s deter<span class=\"_ _0\"></span>mined using<span class=\"_ _0\"></span> valuation t<span class=\"_ _0\"></span>echniques. Such t<span class=\"_ _8\"></span>echniques include using r<span class=\"_ _8\"></span>ecent arm<span class=\"_ _0\"></span>\u2019<span class=\"_ _f\"></span>s leng<span class=\"_ _a\"></span>th m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et tr<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s; r<span class=\"_ _0\"></span>efer<span class=\"_ _8\"></span>ence t<span class=\"_ _0\"></span>o the curr<span class=\"_ _8\"></span>ent mark<span class=\"_ _8\"></span>et value of another in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t which is sub<span class=\"_ _0\"></span>stantially t<span class=\"_ _0\"></span>he same; di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>ed cas<span class=\"_ _0\"></span>h flow analy<span class=\"_ _0\"></span>sis or other v<span class=\"_ _0\"></span>aluation models.T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade and other pay<span class=\"_ _0\"></span>ablesT<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade and other pay<span class=\"_ _0\"></span>ables t<span class=\"_ _0\"></span>hat cont<span class=\"_ _0\"></span>ain significant fin<span class=\"_ _0\"></span>ancing componen<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured atamor<span class=\"_ _a\"></span>tized c<span class=\"_ _0\"></span>ost, ot<span class=\"_ _0\"></span>her<span class=\"_ _a\"></span>wis<span class=\"_ _0\"></span>e, they ar<span class=\"_ _8\"></span>e measur<span class=\"_ _8\"></span>ed at nominal value.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__21": {
   "value": "Adoption of new and r<span class=\"_ _8\"></span>evised In<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ational Fi<span class=\"_ _0\"></span>nancial R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting Sta<span class=\"_ _0\"></span>ndar<span class=\"_ _0\"></span>dsA number of new stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e eff<span class=\"_ _0\"></span>ective f<span class=\"_ _8\"></span>or annual periods beginning aft<span class=\"_ _0\"></span>er Januar<span class=\"_ _a\"></span>y 1, 2022, and earlier application i<span class=\"_ _0\"></span>s permitt<span class=\"_ _0\"></span>ed.Elopak h<span class=\"_ _0\"></span>as early adopt<span class=\"_ _8\"></span>ed amendments t<span class=\"_ _0\"></span>o Disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of Accoun<span class=\"_ _0\"></span>ting P<span class=\"_ _8\"></span>olicies (Amendments t<span class=\"_ _8\"></span>o IAS 1 and IFR<span class=\"_ _0\"></span>S Pr<span class=\"_ _8\"></span>actice Stat<span class=\"_ _0\"></span>ement 2) and Definition of Accoun<span class=\"_ _0\"></span>ting Es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es (Amendment<span class=\"_ _0\"></span>s at pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t, to IAS 8) s<span class=\"_ _0\"></span>tandar<span class=\"_ _8\"></span>ds in pr<span class=\"_ _0\"></span>eparing t<span class=\"_ _0\"></span>hese con<span class=\"_ _0\"></span>solidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements.Amendments t<span class=\"_ _8\"></span>o IFRS t<span class=\"_ _0\"></span>hat ar<span class=\"_ _0\"></span>e mand<span class=\"_ _0\"></span>atorily eff<span class=\"_ _8\"></span>ective f<span class=\"_ _0\"></span>or an accountin<span class=\"_ _0\"></span>g period th<span class=\"_ _0\"></span>at begins on or after Januar<span class=\"_ _a\"></span>y 1, 2022 h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e been adopted. Their adop<span class=\"_ _0\"></span>tion has not h<span class=\"_ _0\"></span>ad an<span class=\"_ _0\"></span>y mat<span class=\"_ _0\"></span>erial impact on the di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es or on the amoun<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ted in t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">R<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence to t<span class=\"_ _0\"></span>he Concept<span class=\"_ _0\"></span>ual Fr<span class=\"_ _8\"></span>amework (Amendments t<span class=\"_ _8\"></span>o IFRS 3)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, Plant, and E<span class=\"_ _8\"></span>quipment: Pr<span class=\"_ _8\"></span>oceeds bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>ended Use (Amendments t<span class=\"_ _8\"></span>o IAS 16)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Onerou<span class=\"_ _0\"></span>s contr<span class=\"_ _8\"></span>acts \u2013 Cost of F<span class=\"_ _8\"></span>ulfilling a Contr<span class=\"_ _8\"></span>act (Amendments t<span class=\"_ _0\"></span>o IAS 37)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Annual Impro<span class=\"_ _0\"></span>vement<span class=\"_ _0\"></span>s to IFR<span class=\"_ _8\"></span>S Standar<span class=\"_ _8\"></span>ds 2018\u20132020</span></span>The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _0\"></span>w and amended standar<span class=\"_ _8\"></span>ds ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _8\"></span>o hav<span class=\"_ _0\"></span>e a mat<span class=\"_ _0\"></span>erial impact on Elopak\u2019<span class=\"_ _f\"></span>s consolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atement: <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed T<span class=\"_ _1\"></span>ax rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to As<span class=\"_ _0\"></span>sets and Liabilitie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a Single T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction (Amend-</span></span>ments t<span class=\"_ _8\"></span>o IAS 12)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__20": {
   "value": "Adoption of new and r<span class=\"_ _8\"></span>evised In<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ational Fi<span class=\"_ _0\"></span>nancial R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting Sta<span class=\"_ _0\"></span>ndar<span class=\"_ _0\"></span>dsA number of new stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e eff<span class=\"_ _0\"></span>ective f<span class=\"_ _8\"></span>or annual periods beginning aft<span class=\"_ _0\"></span>er Januar<span class=\"_ _a\"></span>y 1, 2022, and earlier application i<span class=\"_ _0\"></span>s permitt<span class=\"_ _0\"></span>ed.Elopak h<span class=\"_ _0\"></span>as early adopt<span class=\"_ _8\"></span>ed amendments t<span class=\"_ _0\"></span>o Disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of Accoun<span class=\"_ _0\"></span>ting P<span class=\"_ _8\"></span>olicies (Amendments t<span class=\"_ _8\"></span>o IAS 1 and IFR<span class=\"_ _0\"></span>S Pr<span class=\"_ _8\"></span>actice Stat<span class=\"_ _0\"></span>ement 2) and Definition of Accoun<span class=\"_ _0\"></span>ting Es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es (Amendment<span class=\"_ _0\"></span>s at pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t, to IAS 8) s<span class=\"_ _0\"></span>tandar<span class=\"_ _8\"></span>ds in pr<span class=\"_ _0\"></span>eparing t<span class=\"_ _0\"></span>hese con<span class=\"_ _0\"></span>solidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements.Amendments t<span class=\"_ _8\"></span>o IFRS t<span class=\"_ _0\"></span>hat ar<span class=\"_ _0\"></span>e mand<span class=\"_ _0\"></span>atorily eff<span class=\"_ _8\"></span>ective f<span class=\"_ _0\"></span>or an accountin<span class=\"_ _0\"></span>g period th<span class=\"_ _0\"></span>at begins on or after Januar<span class=\"_ _a\"></span>y 1, 2022 h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e been adopted. Their adop<span class=\"_ _0\"></span>tion has not h<span class=\"_ _0\"></span>ad an<span class=\"_ _0\"></span>y mat<span class=\"_ _0\"></span>erial impact on the di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es or on the amoun<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ted in t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">R<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence to t<span class=\"_ _0\"></span>he Concept<span class=\"_ _0\"></span>ual Fr<span class=\"_ _8\"></span>amework (Amendments t<span class=\"_ _8\"></span>o IFRS 3)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, Plant, and E<span class=\"_ _8\"></span>quipment: Pr<span class=\"_ _8\"></span>oceeds bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>ended Use (Amendments t<span class=\"_ _8\"></span>o IAS 16)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Onerou<span class=\"_ _0\"></span>s contr<span class=\"_ _8\"></span>acts \u2013 Cost of F<span class=\"_ _8\"></span>ulfilling a Contr<span class=\"_ _8\"></span>act (Amendments t<span class=\"_ _0\"></span>o IAS 37)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Annual Impro<span class=\"_ _0\"></span>vement<span class=\"_ _0\"></span>s to IFR<span class=\"_ _8\"></span>S Standar<span class=\"_ _8\"></span>ds 2018\u20132020</span></span>The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _0\"></span>w and amended standar<span class=\"_ _8\"></span>ds ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _8\"></span>o hav<span class=\"_ _0\"></span>e a mat<span class=\"_ _0\"></span>erial impact on Elopak\u2019<span class=\"_ _f\"></span>s consolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atement: <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed T<span class=\"_ _1\"></span>ax rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to As<span class=\"_ _0\"></span>sets and Liabilitie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a Single T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction (Amend-</span></span>ments t<span class=\"_ _8\"></span>o IAS 12)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFirstTimeAdoptionExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__6": {
   "value": " <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>Clas<span class=\"_ _0\"></span>sification of Liabilities a<span class=\"_ _0\"></span>s Curr<span class=\"_ _0\"></span>ent or Non-curr<span class=\"_ _8\"></span>ent (Amendments t<span class=\"_ _8\"></span>o IAS 1)</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\"> <span class=\"_ _31\"></span>IFRS 17 In<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance Contr<span class=\"_ _8\"></span>acts and amendments t<span class=\"_ _0\"></span>o IFR<span class=\"_ _0\"></span>S 17 Insur<span class=\"_ _8\"></span>ance Contr<span class=\"_ _0\"></span>acts</span></span>Not<span class=\"_ _0\"></span>e 4 \u2014 Critic<span class=\"_ _0\"></span>al accounting judg<span class=\"_ _0\"></span>ments and k<span class=\"_ _8\"></span>ey sour<span class=\"_ _8\"></span>ces of esti<span class=\"_ _0\"></span>mation uncer<span class=\"_ _a\"></span>tai<span class=\"_ _0\"></span>ntyI In the applic<span class=\"_ _0\"></span>ation of Elopak\u2019<span class=\"_ _1\"></span>s acc<span class=\"_ _0\"></span>ounting policie<span class=\"_ _0\"></span>s, which ar<span class=\"_ _0\"></span>e described in Not<span class=\"_ _8\"></span>e 3, manag<span class=\"_ _0\"></span>ement is r<span class=\"_ _8\"></span>equired t<span class=\"_ _8\"></span>o mak<span class=\"_ _0\"></span>e judgment<span class=\"_ _0\"></span>s, estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s, and as<span class=\"_ _0\"></span>sumptions about t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>ts of ass<span class=\"_ _0\"></span>ets and liabilities t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e not re<span class=\"_ _0\"></span>adily appar<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om other sour<span class=\"_ _8\"></span>ces. The e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>es and ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed<span class=\"_ _a\"></span> ass<span class=\"_ _0\"></span>umptions ar<span class=\"_ _8\"></span>e based on hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical e<span class=\"_ _0\"></span>xperience and other f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to be r<span class=\"_ _0\"></span>elevant. A<span class=\"_ _0\"></span>ctual r<span class=\"_ _8\"></span>esult<span class=\"_ _0\"></span>s may diff<span class=\"_ _8\"></span>er fr<span class=\"_ _8\"></span>om thes<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.The es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es and under<span class=\"_ _0\"></span>lying as<span class=\"_ _0\"></span>sumption<span class=\"_ _0\"></span>s are <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>viewed on a r<span class=\"_ _8\"></span>egular ba<span class=\"_ _0\"></span>sis. R<span class=\"_ _8\"></span>evisions t<span class=\"_ _8\"></span>o accounting es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e recog<span class=\"_ _0\"></span>nized in t<span class=\"_ _0\"></span>he period in which the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>e is r<span class=\"_ _8\"></span>evised if t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>evision aff<span class=\"_ _8\"></span>ects only th<span class=\"_ _0\"></span>at period or in the period of the r<span class=\"_ _8\"></span>evision and f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e periods if the r<span class=\"_ _8\"></span>evision aff<span class=\"_ _8\"></span>ects both curr<span class=\"_ _8\"></span>ent and fut<span class=\"_ _8\"></span>ure period<span class=\"_ _0\"></span>s.109Busines<span class=\"_ _0\"></span>s combination<span class=\"_ _0\"></span>sIn a busine<span class=\"_ _0\"></span>ss combination, t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets acquir<span class=\"_ _8\"></span>ed and liabilities ass<span class=\"_ _0\"></span>umed ar<span class=\"_ _0\"></span>e valued at f<span class=\"_ _8\"></span>air value at the time of acqui<span class=\"_ _0\"></span>sition. The various a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities ar<span class=\"_ _8\"></span>e valued on the ba<span class=\"_ _0\"></span>sis of diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ent models, r<span class=\"_ _8\"></span>equiring estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and as<span class=\"_ _0\"></span>sumptions t<span class=\"_ _8\"></span>o be made. Goodwill is the r<span class=\"_ _8\"></span>esidual value in thi<span class=\"_ _0\"></span>s allocation. Err<span class=\"_ _8\"></span>ors in e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>es and ass<span class=\"_ _0\"></span>umptions can lead t<span class=\"_ _8\"></span>o an error in t<span class=\"_ _0\"></span>he split of the value between t<span class=\"_ _0\"></span>he various a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities incl. goodwill, but t<span class=\"_ _0\"></span>he sum of the t<span class=\"_ _8\"></span>otal e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss value<span class=\"_ _0\"></span>s will alway<span class=\"_ _0\"></span>s be consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h the pur<span class=\"_ _8\"></span>chase pric<span class=\"_ _0\"></span>e paid.The us<span class=\"_ _0\"></span>eful liv<span class=\"_ _0\"></span>es of the in<span class=\"_ _0\"></span>tangible a<span class=\"_ _0\"></span>ssets acquir<span class=\"_ _8\"></span>ed in a busines<span class=\"_ _0\"></span>s combination ar<span class=\"_ _8\"></span>e asse<span class=\"_ _0\"></span>ssed a<span class=\"_ _0\"></span>s either finit<span class=\"_ _8\"></span>e or indefinite and ma<span class=\"_ _0\"></span>y in some ca<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s involve con<span class=\"_ _0\"></span>siderable judg<span class=\"_ _0\"></span>ements. Int<span class=\"_ _0\"></span>angible ass<span class=\"_ _0\"></span>ets acquir<span class=\"_ _8\"></span>ed with finite u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul lives ar<span class=\"_ _8\"></span>e amor<span class=\"_ _a\"></span>tised o<span class=\"_ _0\"></span>ver the u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul economic lif<span class=\"_ _0\"></span>e and ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _8\"></span>e is an indication th<span class=\"_ _0\"></span>at the int<span class=\"_ _0\"></span>angible ass<span class=\"_ _0\"></span>et ma<span class=\"_ _0\"></span>y be impair<span class=\"_ _0\"></span>ed. The amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation period and the amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation method f<span class=\"_ _8\"></span>or an intangible as<span class=\"_ _0\"></span>set with a finit<span class=\"_ _8\"></span>e usef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eviewed at lea<span class=\"_ _0\"></span>st at the end of each r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period. Chan<span class=\"_ _0\"></span>ges in <span class=\"_ _0\"></span>the e<span class=\"_ _0\"></span>xpected u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e or the e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed patt<span class=\"_ _0\"></span>ern of consumption <span class=\"_ _0\"></span>of fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e economic benefits embodied in t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o modify the amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation period or method, as appr<span class=\"_ _8\"></span>opriate, and ar<span class=\"_ _8\"></span>e tr<span class=\"_ _8\"></span>eated as ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in accountin<span class=\"_ _0\"></span>g estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.Accor<span class=\"_ _8\"></span>ding t<span class=\"_ _0\"></span>o IFRS 3, g<span class=\"_ _0\"></span>oodwill is t<span class=\"_ _0\"></span>o be allocat<span class=\"_ _0\"></span>ed at the acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>o each of the acquir<span class=\"_ _0\"></span>er's CGUs, or gr<span class=\"_ _8\"></span>oups of CGUs, which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _8\"></span>ed to benefit f<span class=\"_ _8\"></span>rom the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s combination. This can include e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>ting CGUs of the acquir<span class=\"_ _8\"></span>er irr<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e of whether ot<span class=\"_ _0\"></span>her ass<span class=\"_ _0\"></span>ets or liabilities of the acquir<span class=\"_ _8\"></span>ee are a<span class=\"_ _0\"></span>ssigned t<span class=\"_ _8\"></span>o those unit<span class=\"_ _0\"></span>s. The identification of CGUs m<span class=\"_ _0\"></span>ay r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e significant judgement b<span class=\"_ _0\"></span>y man<span class=\"_ _0\"></span>agement.Elopak h<span class=\"_ _0\"></span>as acquir<span class=\"_ _0\"></span>ed 50% of the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in GLS Elopak and c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>es the compan<span class=\"_ _8\"></span>y as a sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y in Elopak\u2019<span class=\"_ _1\"></span>s c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. The shar<span class=\"_ _8\"></span>eholder agr<span class=\"_ _0\"></span>eement pr<span class=\"_ _8\"></span>ovides Elopak with e<span class=\"_ _8\"></span>xposur<span class=\"_ _8\"></span>e to vari<span class=\"_ _0\"></span>able ret<span class=\"_ _8\"></span>urns and power t<span class=\"_ _0\"></span>o aff<span class=\"_ _0\"></span>ect the r<span class=\"_ _8\"></span>eturns f<span class=\"_ _8\"></span>rom GL<span class=\"_ _0\"></span>S Elopak, which means t<span class=\"_ _0\"></span>hat Elopak h<span class=\"_ _0\"></span>as cont<span class=\"_ _0\"></span>rol of GL<span class=\"_ _0\"></span>S Elopak in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 10.110<span class=\"_ _103\"> </span><span class=\"ff8\">Elopak</span>War in Uk<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aineIn Mar<span class=\"_ _8\"></span>ch 2022, Elopak sus<span class=\"_ _0\"></span>pended all activities in R<span class=\"_ _8\"></span>ussia and r<span class=\"_ _8\"></span>estar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ations in Ukr<span class=\"_ _8\"></span>aine after a t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y close-do<span class=\"_ _0\"></span>wn. Due to t<span class=\"_ _0\"></span>he ongoin<span class=\"_ _0\"></span>g nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of the crisi<span class=\"_ _0\"></span>s, ther<span class=\"_ _8\"></span>e is estim<span class=\"_ _0\"></span>ation uncer<span class=\"_ _a\"></span>tainty inv<span class=\"_ _0\"></span>olved in the a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of impair<span class=\"_ _0\"></span>ment in Ukr<span class=\"_ _8\"></span>aine and fair v<span class=\"_ _0\"></span>alue of the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>O Elopak R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>a. Impairment in Uk<span class=\"_ _0\"></span>raine i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted in no<span class=\"_ _0\"></span>te 13 and di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>a<span class=\"ws0\">-</span>tions in R<span class=\"_ _8\"></span>ussia is pr<span class=\"_ _8\"></span>esen<span class=\"_ _0\"></span>ted in .Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>etsMan<span class=\"_ _0\"></span>agement h<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>xer<span class=\"_ _8\"></span>cised judg<span class=\"_ _0\"></span>ment in ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the r<span class=\"_ _8\"></span>ecognition of tax los<span class=\"_ _0\"></span>s carr<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span>forwar<span class=\"_ _8\"></span>d for Elopak\u2019<span class=\"_ _f\"></span>s various entitie<span class=\"_ _0\"></span>s and the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulting def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>set. The judgmen<span class=\"_ _0\"></span>t is bas<span class=\"_ _0\"></span>ed upon the entitie<span class=\"_ _0\"></span>s\u2019 ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed ability to gener<span class=\"_ _8\"></span>ate f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flows th<span class=\"_ _0\"></span>at will enable t<span class=\"_ _0\"></span>he entities t<span class=\"_ _0\"></span>o do so<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sments imply a degr<span class=\"_ _8\"></span>ee of uncer<span class=\"_ _a\"></span>tainty r<span class=\"_ _0\"></span>elatin<span class=\"_ _0\"></span>g to s<span class=\"_ _0\"></span>uch fut<span class=\"_ _8\"></span>ure ev<span class=\"_ _0\"></span>ents. T<span class=\"_ _1\"></span>ax e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s and def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e pre<span class=\"_ _0\"></span>sent<span class=\"_ _8\"></span>ed in Note 18.T<span class=\"_ _1\"></span>ax disput<span class=\"_ _8\"></span>esIn tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es, Elopak ac<span class=\"_ _0\"></span>counts f<span class=\"_ _8\"></span>or tax cost<span class=\"_ _0\"></span>s accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o decisions m<span class=\"_ _0\"></span>ade by local<span class=\"_ _0\"></span> tax authoritie<span class=\"_ _0\"></span>s or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er pricing adjus<span class=\"_ _0\"></span>tments h<span class=\"_ _8\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual ag<span class=\"_ _0\"></span>reemen<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es (MAP) between the aff<span class=\"_ _8\"></span>ected coun<span class=\"_ _0\"></span>tries ar<span class=\"_ _8\"></span>e normally av<span class=\"_ _0\"></span>ailable. A suc<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ful MAP pr<span class=\"_ _8\"></span>ocedure, a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a gr<span class=\"_ _8\"></span>oup company<span class=\"_ _8\"></span>, thus r<span class=\"_ _8\"></span>emoving t<span class=\"_ _0\"></span>he tax cos<span class=\"_ _0\"></span>t for Elop<span class=\"_ _0\"></span>ak. Wher<span class=\"_ _0\"></span>e a MAP proc<span class=\"_ _0\"></span>ess i<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>able, Elopak r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _8\"></span>es tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the outc<span class=\"_ _0\"></span>ome of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do no<span class=\"_ _0\"></span>t agr<span class=\"_ _0\"></span>ee, taxpay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e the right t<span class=\"_ _0\"></span>o demand ar<span class=\"_ _0\"></span>bitr<span class=\"_ _0\"></span>ation. Details r<span class=\"_ _8\"></span>egar<span class=\"_ _0\"></span>ding ong<span class=\"_ _0\"></span>oing tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e described in Not<span class=\"_ _0\"></span>e 18.111Not<span class=\"_ _0\"></span>e 5 \u2014 R<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Elopak Gr<span class=\"_ _0\"></span>oup is a glob<span class=\"_ _0\"></span>al supplier of paper-ba<span class=\"_ _0\"></span>sed packa<span class=\"_ _0\"></span>ging sys<span class=\"_ _0\"></span>tem s<span class=\"_ _0\"></span>olutions f<span class=\"_ _8\"></span>or liquid pr<span class=\"_ _0\"></span>oducts. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h cust<span class=\"_ _8\"></span>omers is deriv<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om sale of filling equipmen<span class=\"_ _0\"></span>t, \u00aePur<span class=\"_ _8\"></span>e-Pak carton and R<span class=\"_ _0\"></span>oll F<span class=\"_ _0\"></span>ed packa<span class=\"_ _0\"></span>ging mat<span class=\"_ _8\"></span>erial (hereb<span class=\"_ _0\"></span>y denominat<span class=\"_ _8\"></span>ed as car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons), clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed services. R<span class=\"_ _8\"></span>evenue is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed when contr<span class=\"_ _8\"></span>ol of the good<span class=\"_ _0\"></span>s or services ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"ws0\">-</span>f<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer and i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted net of r<span class=\"_ _8\"></span>eturn<span class=\"_ _0\"></span>s, tr<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _8\"></span>ebate<span class=\"_ _0\"></span>s and other c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer incentiv<span class=\"_ _0\"></span>es. The Gr<span class=\"_ _0\"></span>oup als<span class=\"_ _0\"></span>o pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s lease inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _8\"></span>om lease of fillin<span class=\"_ _0\"></span>g equipment.Gener<span class=\"_ _0\"></span>ally<span class=\"_ _0\"></span>, the Gr<span class=\"_ _8\"></span>oup reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>evenue on a poin<span class=\"_ _0\"></span>t in time basi<span class=\"_ _0\"></span>s when the cus<span class=\"_ _0\"></span>tomer t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>es title t<span class=\"_ _0\"></span>o the g<span class=\"_ _0\"></span>oods and r<span class=\"_ _0\"></span>ewar<span class=\"_ _8\"></span>ds f<span class=\"_ _0\"></span>or the goods. F<span class=\"_ _8\"></span>or goods wit<span class=\"_ _0\"></span>hout altern<span class=\"_ _8\"></span>ative use wher<span class=\"_ _8\"></span>e the Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s a legally enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _8\"></span>o payment f<span class=\"_ _8\"></span>or the goods, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>evenue ov<span class=\"_ _0\"></span>er time, which gener<span class=\"_ _0\"></span>ally is, as t<span class=\"_ _0\"></span>he goods ar<span class=\"_ _8\"></span>e produced.Sale of cartons and c<span class=\"_ _0\"></span>losur<span class=\"_ _8\"></span>esCar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e print<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on cust<span class=\"_ _8\"></span>omer specifications and ar<span class=\"_ _8\"></span>e ther<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e without alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use. Canc<span class=\"_ _0\"></span>ellation pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>sions in the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer contr<span class=\"_ _8\"></span>acts, combined with backgr<span class=\"_ _8\"></span>ound law in t<span class=\"_ _0\"></span>he legal juris<span class=\"_ _0\"></span>dictions give t<span class=\"_ _0\"></span>he C ompan<span class=\"_ _0\"></span>y an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or work per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormed t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e as des<span class=\"_ _0\"></span>cribed in IFR<span class=\"_ _0\"></span>S 15. Most of t<span class=\"_ _0\"></span>he cust<span class=\"_ _8\"></span>omer contr<span class=\"_ _0\"></span>acts include cancell<span class=\"_ _0\"></span>ation claus<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at gives t<span class=\"_ _0\"></span>he Compan<span class=\"_ _0\"></span>y sufficient pr<span class=\"_ _8\"></span>otection t<span class=\"_ _8\"></span>o conclude that ther<span class=\"_ _8\"></span>e is an enf<span class=\"_ _8\"></span>orce<span class=\"_ _0\"></span>able right t<span class=\"_ _0\"></span>o payment.Clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omised and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore wit<span class=\"_ _0\"></span>h alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use and r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed at point in time.Sale of filling equipmen<span class=\"_ _0\"></span>tR<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>ale of filling equipment i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at the point in time when c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol of the ass<span class=\"_ _0\"></span>et is tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cust<span class=\"_ _8\"></span>omer<span class=\"_ _8\"></span>, generally when t<span class=\"_ _0\"></span>he machine i<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed and accept<span class=\"_ _0\"></span>ed by the c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Filling equipment could r<span class=\"_ _8\"></span>esult in no alt<span class=\"_ _8\"></span>ernative u<span class=\"_ _0\"></span>se if it would incur sig<span class=\"_ _0\"></span>nificant cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>work the de<span class=\"_ _0\"></span>sign and f<span class=\"_ _0\"></span>unction of the machine t<span class=\"_ _8\"></span>o adapt it t<span class=\"_ _0\"></span>o another cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, in most c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s filling equipment i<span class=\"_ _0\"></span>s stand<span class=\"_ _0\"></span>ard equipmen<span class=\"_ _0\"></span>t and consider<span class=\"_ _8\"></span>ed to ha<span class=\"_ _0\"></span>ve alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, hence t<span class=\"_ _0\"></span>hey ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at point in time.112<span class=\"_ _40\"> </span><span class=\"ff8\">Elopak</span>Sale of serviceThe Gr<span class=\"_ _0\"></span>oup off<span class=\"_ _0\"></span>ers r<span class=\"_ _8\"></span>esear<span class=\"_ _8\"></span>ch and development support, af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er sales s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s and technic<span class=\"_ _0\"></span>al tr<span class=\"_ _0\"></span>aining and m<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>enance s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t, service and tr<span class=\"_ _0\"></span>aining is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ov<span class=\"_ _0\"></span>er time, as the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer simultaneously r<span class=\"_ _8\"></span>eceives and c<span class=\"_ _0\"></span>onsumes t<span class=\"_ _0\"></span>he benefit pr<span class=\"_ _0\"></span>ovided t<span class=\"_ _0\"></span>o them. The Gr<span class=\"_ _8\"></span>oup uses an input met<span class=\"_ _0\"></span>hod in measurin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ogr<span class=\"_ _8\"></span>ess of the s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s becaus<span class=\"_ _0\"></span>e ther<span class=\"_ _0\"></span>e is a dir<span class=\"_ _8\"></span>ect rel<span class=\"_ _0\"></span>ationship between t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s effort/labour hours occ<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed and the tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er of service to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _0\"></span>ebat<span class=\"_ _0\"></span>es and ot<span class=\"_ _0\"></span>her incentive<span class=\"_ _0\"></span>sIf the con<span class=\"_ _0\"></span>sideration in a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act includes a v<span class=\"_ _0\"></span>ariable amount, the Gr<span class=\"_ _8\"></span>oup estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s the amount of consider<span class=\"_ _8\"></span>ation to which it will be entit<span class=\"_ _0\"></span>led in ex<span class=\"_ _8\"></span>chang<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erring the g<span class=\"_ _0\"></span>oods t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. The variable consider<span class=\"_ _0\"></span>ation is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed at contr<span class=\"_ _0\"></span>act inception and const<span class=\"_ _0\"></span>rained un<span class=\"_ _0\"></span>til it is highly pr<span class=\"_ _8\"></span>obable that a sig<span class=\"_ _0\"></span>nificant r<span class=\"_ _8\"></span>evenue r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal in t<span class=\"_ _0\"></span>he amount of cumulativ<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evenue r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed will not occ<span class=\"_ _0\"></span>ur when the ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed uncer<span class=\"_ _a\"></span>tainty with t<span class=\"_ _0\"></span>he variable consider<span class=\"_ _8\"></span>ation is s<span class=\"_ _0\"></span>ubsequen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>olved. Car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e often sold wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>etr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>e volume di<span class=\"_ _0\"></span>scounts b<span class=\"_ _0\"></span>ased on aggr<span class=\"_ _8\"></span>egate s<span class=\"_ _0\"></span>ales ov<span class=\"_ _0\"></span>er sev<span class=\"_ _0\"></span>eral mon<span class=\"_ _0\"></span>ths. R<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om thes<span class=\"_ _0\"></span>e sales i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed bas<span class=\"_ _0\"></span>ed on the price s<span class=\"_ _0\"></span>pecified in the cont<span class=\"_ _0\"></span>ract, net of t<span class=\"_ _0\"></span>he estim<span class=\"_ _8\"></span>ated volume di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>s. A r<span class=\"_ _0\"></span>efund li<span class=\"_ _0\"></span>ability is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or the e<span class=\"_ _0\"></span>xpected v<span class=\"_ _0\"></span>olume dis<span class=\"_ _0\"></span>counts pa<span class=\"_ _0\"></span>yable t<span class=\"_ _8\"></span>o cust<span class=\"_ _0\"></span>omers in r<span class=\"_ _8\"></span>elation t<span class=\"_ _0\"></span>o sales made un<span class=\"_ _0\"></span>til the end of the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.No significan<span class=\"_ _0\"></span>t element of financin<span class=\"_ _0\"></span>g is deemed pr<span class=\"_ _8\"></span>esent, and t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup had no right of r<span class=\"_ _8\"></span>eturn in the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.Contr<span class=\"_ _8\"></span>act liabilitiesP<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or filling equipment ar<span class=\"_ _8\"></span>e generally m<span class=\"_ _0\"></span>ade in inst<span class=\"_ _0\"></span>alments and a cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>ability is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed when a pay<span class=\"_ _0\"></span>ment is r<span class=\"_ _8\"></span>eceived or due f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a cus<span class=\"_ _0\"></span>tomer bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>ers the fillin<span class=\"_ _0\"></span>g equipment. Contr<span class=\"_ _8\"></span>act liabilities ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as r<span class=\"_ _0\"></span>evenue when con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of the fillin<span class=\"_ _0\"></span>g equipment i<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>.113Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>sContr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>epaid suppor<span class=\"_ _a\"></span>t (r<span class=\"_ _8\"></span>ebate) t<span class=\"_ _0\"></span>o cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against contr<span class=\"_ _8\"></span>acted f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es of carton and f<span class=\"_ _8\"></span>eatur<span class=\"_ _0\"></span>es. The pr<span class=\"_ _8\"></span>epaid suppor<span class=\"_ _a\"></span>t is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the diff<span class=\"_ _8\"></span>erent perf<span class=\"_ _0\"></span>ormance obligation<span class=\"_ _0\"></span>s, hereunder fillin<span class=\"_ _0\"></span>g equipment and cartons/<span class=\"_ _1\"></span>clos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es. Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s include over time r<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>or cartons bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t becomes unconditional. See No<span class=\"_ _0\"></span>te 25 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s.R<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Oblig<span class=\"_ _0\"></span>ationsDeliver<span class=\"_ _a\"></span>y obligations f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed within one year or le<span class=\"_ _0\"></span>ss, s<span class=\"_ _0\"></span>o we ha<span class=\"_ _0\"></span>ve ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e elect<span class=\"_ _0\"></span>ed to u<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ception IFR<span class=\"_ _0\"></span>S 15.121.The Gr<span class=\"_ _0\"></span>oup's r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>venue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _8\"></span>acts with cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers (99%) and r<span class=\"_ _8\"></span>ental income f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om leas<span class=\"_ _0\"></span>e of filling equipment (1%). R<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e primarily derived f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he sale of cartons and clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es, sale<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ental income r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to fillin<span class=\"_ _0\"></span>g equipment and service.114<span class=\"_ _103\"> </span><span class=\"ff8\">Elopak</span>R<span class=\"_ _0\"></span>evenues s<span class=\"_ _0\"></span>pecified by geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>eaY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _146\"> </span>2022<span class=\"_ _84\"> </span>2021USA<span class=\"_ _147\"> </span>19<span class=\"_ _8\"></span>3,839 <span class=\"_ _2b\"> </span>141,246German<span class=\"_ _0\"></span>y<span class=\"_ _148\"> </span>16<span class=\"_ _0\"></span>1,629<span class=\"_ _2b\"> </span>146,790Canada<span class=\"_ _149\"> </span>68,778<span class=\"_ _c8\"> </span>51,417Netherland<span class=\"_ _0\"></span>s<span class=\"_ _7d\"> </span>56,215<span class=\"_ _52\"> </span>51,530Norway<span class=\"_ _14a\"> </span>25,645<span class=\"_ _c1\"> </span>24,7<span class=\"_ _1\"></span>69Other<span class=\"_ _14b\"> </span>517,589<span class=\"_ _22\"> </span>43<span class=\"_ _0\"></span>9,514T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _14c\"> </span>1,023,6<span class=\"_ _0\"></span>96<span class=\"_ _3d\"> </span>855,265The re<span class=\"_ _0\"></span>venues ar<span class=\"_ _0\"></span>e specified by location (coun<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>y) of the cu<span class=\"_ _0\"></span>stomer<span class=\"_ _8\"></span>.R<span class=\"_ _0\"></span>evenues b<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>oduct and operati<span class=\"_ _0\"></span>ng seg<span class=\"_ _0\"></span>ment(EUR 1,000)Other andY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022<span class=\"_ _92\"> </span>EMEA<span class=\"_ _40\"> </span>Americaselimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>Cartons and closur<span class=\"_ _0\"></span>es<span class=\"_ _14d\"> </span>671,025 <span class=\"_ _60\"> </span>256,522 <span class=\"_ _10b\"> </span> -3,797 <span class=\"_ _c1\"> </span>923,750E<span class=\"_ _0\"></span>quipment<span class=\"_ _14e\"> </span> 36,307 <span class=\"_ _14f\"> </span> 2,183 <span class=\"_ _144\"> </span> -9,907 <span class=\"_ _5c\"> </span> 28,583Service<span class=\"_ _150\"> </span> 46,036 <span class=\"_ _9f\"> </span> - <span class=\"_ _55\"> </span> -66<span class=\"_ _8\"></span>9 <span class=\"_ _5c\"> </span> 45,367Other<span class=\"_ _a5\"> </span> 32,608 <span class=\"_ _64\"> </span> 1,830 <span class=\"_ _144\"> </span> -8,442 <span class=\"_ _5c\"> </span> 25,996T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _151\"> </span>785,9<span class=\"_ _0\"></span>7<span class=\"_ _8\"></span>6 <span class=\"_ _4b\"> </span>260,535 <span class=\"_ _60\"> </span>-22,815<span class=\"_ _2f\"> </span>1,023,6<span class=\"_ _0\"></span>96Other andY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2021<span class=\"_ _152\"> </span>EMEA<span class=\"_ _2f\"> </span>America<span class=\"_ _0\"></span>selimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>Cartons and closur<span class=\"_ _0\"></span>es<span class=\"_ _21\"> </span>57<span class=\"_ _0\"></span>0,565 <span class=\"_ _c8\"> </span>185,246 <span class=\"_ _144\"> </span> -3,307 <span class=\"_ _153\"> </span>752,503E<span class=\"_ _0\"></span>quipment<span class=\"_ _154\"> </span> 38,477 <span class=\"_ _ca\"> </span> 5,015 <span class=\"_ _d4\"> </span> -4 <span class=\"_ _c8\"> </span> 43,488Service<span class=\"_ _a8\"> </span> 42,823 <span class=\"_ _9f\"> </span> - <span class=\"_ _155\"> </span> -495 <span class=\"_ _144\"> </span> 42,329Other<span class=\"_ _156\"> </span> 22,996 <span class=\"_ _c4\"> </span> 1,904 <span class=\"_ _12c\"> </span> -7,954 <span class=\"_ _7f\"> </span> 16,9<span class=\"_ _8\"></span>45T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _157\"> </span>67<span class=\"_ _1\"></span>4,862 <span class=\"_ _4c\"> </span>192,166 <span class=\"_ _c8\"> </span>-11,7<span class=\"_ _8\"></span>60<span class=\"_ _4c\"> </span>855,265115Not<span class=\"_ _0\"></span>e 6 \u2013 Oper<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>sInf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ation reported t<span class=\"_ _8\"></span>o the Group's chief oper<span class=\"_ _8\"></span>ating decision m<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ers, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup Leader<span class=\"_ _0\"></span>ship T<span class=\"_ _f\"></span>eam, for t<span class=\"_ _0\"></span>he purpose of r<span class=\"_ _8\"></span>esour<span class=\"_ _8\"></span>ce allocation and ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of seg<span class=\"_ _0\"></span>ment per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormanc<span class=\"_ _0\"></span>e is f<span class=\"_ _0\"></span>ocus<span class=\"_ _0\"></span>ed on two k<span class=\"_ _0\"></span>ey geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphical r<span class=\"_ _0\"></span>egions \u2013 EMEA and Americ<span class=\"_ _0\"></span>as. GLS Elopak i<span class=\"_ _0\"></span>s included in EMEA. K<span class=\"_ _8\"></span>ey fig<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting t<span class=\"_ _0\"></span>he financial perfo<span class=\"_ _0\"></span>rmance of t<span class=\"_ _0\"></span>hese s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted in the f<span class=\"_ _8\"></span>ollowing not<span class=\"_ _0\"></span>e. R<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er to No<span class=\"_ _0\"></span>te 11 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of fix<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets specified by g<span class=\"_ _0\"></span>eogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>ea.Oper<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>egments(EUR 1,000)Other andY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022<span class=\"_ _158\"> </span>EMEA<span class=\"_ _2f\"> </span>America<span class=\"_ _0\"></span>selimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>T<span class=\"_ _1\"></span>otal rev<span class=\"_ _0\"></span>enue and other operatin<span class=\"_ _0\"></span>g income<span class=\"_ _159\"> </span>786,133<span class=\"_ _48\"> </span>260,535<span class=\"_ _84\"> </span>-22,815<span class=\"_ _46\"> </span>1,023,8531)Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es-6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3,984<span class=\"_ _153\"> </span>-213,558<span class=\"_ _64\"> </span>-6,410<span class=\"_ _c1\"> </span>-913,952Depreci<span class=\"_ _0\"></span>ation and amor<span class=\"_ _a\"></span>tization<span class=\"_ _15a\"> </span>-51,564<span class=\"_ _155\"> </span>-7,164<span class=\"_ _7b\"> </span>-2,800<span class=\"_ _84\"> </span>-6<span class=\"_ _0\"></span>1,528Impairment<span class=\"_ _15b\"> </span>-6,338<span class=\"_ _77\"> </span><span class=\"lsaf ws1bc\">-<span class=\"_ _a\"></span>261<span class=\"_ _b1\"> </span></span>-<span class=\"_ _c4\"> </span>-6,599Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _15c\"> </span>34,2<span class=\"_ _0\"></span>47<span class=\"_ _118\"> </span>39,551<span class=\"_ _60\"> </span>-32,02<span class=\"_ _8\"></span>4<span class=\"_ _ca\"> </span>41,77<span class=\"_ _1\"></span>42)EB<span class=\"_ _a\"></span>ITDA 92,149<span class=\"_ _64\"> </span>46,97<span class=\"_ _1\"></span>6<span class=\"_ _12c\"> </span>-29,22<span class=\"_ _0\"></span>4<span class=\"_ _7f\"> </span>109,9012)Adjust<span class=\"_ _8\"></span>ed EBITD<span class=\"_ _0\"></span>A9<span class=\"_ _8\"></span>4,283<span class=\"_ _ca\"> </span>51,466<span class=\"_ _144\"> </span>-26,336<span class=\"_ _118\"> </span>119,413T<span class=\"_ _1\"></span>otal assets<span class=\"_ _15d\"> </span>9<span class=\"_ _8\"></span>45,626<span class=\"_ _50\"> </span>157,111<span class=\"_ _c1\"> </span>-146,258<span class=\"_ _c8\"> </span>956,479Pur<span class=\"_ _0\"></span>chase of non-c<span class=\"_ _0\"></span>urrent a<span class=\"_ _0\"></span>ssets during t<span class=\"_ _0\"></span>he year<span class=\"_ _15e\"> </span>45,006<span class=\"_ _62\"> </span>5,657<span class=\"_ _c4\"> </span>-6,9<span class=\"_ _8\"></span>49<span class=\"_ _14f\"> </span>43,714Other andY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2021<span class=\"_ _92\"> </span>EMEA<span class=\"_ _2f\"> </span>Americaselimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>T<span class=\"_ _1\"></span>otal rev<span class=\"_ _0\"></span>enue and other operatin<span class=\"_ _0\"></span>g income<span class=\"_ _15f\"> </span>67<span class=\"_ _1\"></span>4,868<span class=\"_ _142\"> </span>192,166<span class=\"_ _12a\"> </span>-11,7<span class=\"_ _8\"></span>60<span class=\"_ _5c\"> </span>855,2681)Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es-577,7<span class=\"_ _8\"></span>64<span class=\"_ _5a\"> </span>-160,598<span class=\"_ _12c\"> </span>-13,590<span class=\"_ _60\"> </span>-751,9<span class=\"_ _8\"></span>49Depreci<span class=\"_ _0\"></span>ation and amor<span class=\"_ _a\"></span>tization<span class=\"_ _12f\"> </span>-43,589<span class=\"_ _118\"> </span>-6,644<span class=\"_ _118\"> </span>-2,646<span class=\"_ _12c\"> </span>-52,879Impairment<span class=\"_ _160\"> </span>-1,218<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _73\"> </span>-1,218Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _157\"> </span>52,29<span class=\"_ _0\"></span>7<span class=\"_ _142\"> </span>24,92<span class=\"_ _8\"></span>4<span class=\"_ _c8\"> </span>-27,99<span class=\"_ _0\"></span>6<span class=\"_ _142\"> </span>49,22<span class=\"_ _8\"></span>42)EB<span class=\"_ _a\"></span>ITDA 97,103<span class=\"_ _ca\"> </span>31,568<span class=\"_ _7f\"> </span>-25,351<span class=\"_ _5c\"> </span>103,3202)Adjust<span class=\"_ _8\"></span>ed EBITD<span class=\"_ _0\"></span>A97,407<span class=\"_ _ca\"> </span>35,3<span class=\"_ _0\"></span>91<span class=\"_ _12c\"> </span>-19,083<span class=\"_ _64\"> </span>113,715T<span class=\"_ _1\"></span>otal assets<span class=\"_ _161\"> </span>604,126<span class=\"_ _12c\"> </span>134,656<span class=\"_ _118\"> </span>44,497<span class=\"_ _12c\"> </span>7<span class=\"_ _0\"></span>83,279Pur<span class=\"_ _0\"></span>chase of non-c<span class=\"_ _0\"></span>urrent a<span class=\"_ _0\"></span>ssets during t<span class=\"_ _0\"></span>he year<span class=\"_ _162\"> </span>25,445<span class=\"_ _6d\"> </span>8,815<span class=\"_ _163\"> </span>3,121<span class=\"_ _155\"> </span>3<span class=\"_ _0\"></span>7,3811)Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es include cost of m<span class=\"_ _0\"></span>aterials, p<span class=\"_ _0\"></span>ayroll e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s, and other operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es. 2)See the APM dis<span class=\"_ _0\"></span>closur<span class=\"_ _0\"></span>e for the r<span class=\"_ _8\"></span>econciliation of EBITD<span class=\"_ _8\"></span>A and adjusted EBI<span class=\"_ _0\"></span>TD<span class=\"_ _0\"></span>A.116ElopakNot<span class=\"_ _0\"></span>e 7 \u2013P<span class=\"_ _0\"></span>ayr<span class=\"_ _8\"></span>oll expen<span class=\"_ _0\"></span>ses, number<span class=\"_ _8\"></span>s of employee<span class=\"_ _0\"></span>s, benefits et<span class=\"_ _0\"></span>c.Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended (EUR 1,000)December 31, 2022December 31, 2021Salary<span class=\"_ _164\"> </span>140,957 <span class=\"_ _165\"> </span>132,489Social security<span class=\"_ _166\"> </span> 22,173 <span class=\"_ _145\"> </span> 2<span class=\"_ _0\"></span>0,800P<span class=\"_ _0\"></span>ension defined benefit plans (Not<span class=\"_ _0\"></span>e 26)<span class=\"_ _167\"> </span> 84 <span class=\"_ _168\"> </span> 36P<span class=\"_ _0\"></span>ension defined contribution plans (No<span class=\"_ _0\"></span>te 26)<span class=\"_ _88\"> </span> 9,59<span class=\"_ _0\"></span>7 <span class=\"_ _169\"> </span> 9,851Other benefits<span class=\"_ _16a\"> </span> 3,911 <span class=\"_ _16b\"> </span> 3,625To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _16c\"> </span>17<span class=\"_ _8\"></span>6,721 <span class=\"_ _16d\"> </span>166,801Man-year Elopak emplo<span class=\"_ _0\"></span>yees (e<span class=\"_ _0\"></span>xcl. equity inve<span class=\"_ _0\"></span>stees) <span class=\"_ _16e\"> </span> 2,100 <span class=\"_ _169\"> </span> 1,883Ex<span class=\"_ _0\"></span>ecutive m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement compens<span class=\"_ _0\"></span>ation for t<span class=\"_ _0\"></span>he year ended December 3<span class=\"_ _0\"></span>1, 2022 i<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in the R<span class=\"_ _8\"></span>emuneration R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>t which is pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed on the Elopak web<span class=\"_ _0\"></span>site.Not<span class=\"_ _0\"></span>e 8 Shar<span class=\"_ _8\"></span>e-bas<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>tsIn Nov<span class=\"_ _0\"></span>ember 2022 the Gr<span class=\"_ _8\"></span>oup intr<span class=\"_ _0\"></span>oduced a new long-t<span class=\"_ _8\"></span>erm incentive pr<span class=\"_ _8\"></span>ogr<span class=\"_ _0\"></span>am f<span class=\"_ _0\"></span>or eligible employee<span class=\"_ _0\"></span>s. PSUs (P<span class=\"_ _8\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e units) of the par<span class=\"_ _8\"></span>ent ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o members of t<span class=\"_ _0\"></span>he Global L<span class=\"_ _0\"></span>eadership T<span class=\"_ _f\"></span>eam member<span class=\"_ _0\"></span>s (GL<span class=\"_ _1\"></span>T). One PSU <span class=\"_ _0\"></span>(instrumen<span class=\"_ _0\"></span>t) equals one sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e. The eligible employee<span class=\"_ _0\"></span>s will be gr<span class=\"_ _8\"></span>anted an annual a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d of shar<span class=\"_ _8\"></span>es f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the Compan<span class=\"_ _8\"></span>y if cer<span class=\"_ _a\"></span>tain per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance crit<span class=\"_ _0\"></span>eria ar<span class=\"_ _0\"></span>e met. This arr<span class=\"_ _8\"></span>angement r<span class=\"_ _8\"></span>eplaces f<span class=\"_ _8\"></span>ormer long t<span class=\"_ _0\"></span>erm-incentiv<span class=\"_ _0\"></span>e plans.The k<span class=\"_ _0\"></span>ey t<span class=\"_ _0\"></span>erms and conditions r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>ants ar<span class=\"_ _8\"></span>e as f<span class=\"_ _0\"></span>ollows:KPI Cat<span class=\"_ _0\"></span>egories<span class=\"_ _16f\"> </span>W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed<span class=\"_ _170\"> </span>MetricFinancial tar<span class=\"_ _0\"></span>gets<span class=\"_ _a8\"> </span>50 %<span class=\"_ _c1\"> </span>Ajdust<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _0\"></span>DA le<span class=\"_ _0\"></span>ss normalized c<span class=\"_ _0\"></span>apexP<span class=\"_ _0\"></span>eople &amp; Planet target<span class=\"_ _0\"></span>s<span class=\"_ _171\"> </span><span class=\"ls5a wsaa\">20 %<span class=\"_ _69\"> </span></span>Environment<span class=\"_ _0\"></span>al target (Co<span class=\"_ _0\"></span>2 emission)Shar<span class=\"_ _0\"></span>eholder value tar<span class=\"_ _0\"></span>gets<span class=\"_ _172\"> </span>30 %<span class=\"_ _94\"> </span>T<span class=\"_ _8\"></span>otal sh<span class=\"_ _0\"></span>areholder<span class=\"_ _0\"></span>s ret<span class=\"_ _0\"></span>urn (TSR) The gr<span class=\"_ _8\"></span>anted P<span class=\"_ _0\"></span>SUs will be gr<span class=\"_ _0\"></span>adually ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed during a 3-y<span class=\"_ _0\"></span>ear period. Allocation of P<span class=\"_ _0\"></span>SUs will be bas<span class=\"_ _0\"></span>ed on % of bas<span class=\"_ _0\"></span>e pay (with m<span class=\"_ _0\"></span>aximum allocation of 80% f<span class=\"_ _8\"></span>or CEO and 50% f<span class=\"_ _0\"></span>or Global Leader<span class=\"_ _8\"></span>ship T<span class=\"_ _1\"></span>eam member<span class=\"_ _0\"></span>s).The e<span class=\"_ _0\"></span>xer<span class=\"_ _8\"></span>cise price of t<span class=\"_ _0\"></span>he PSUs i<span class=\"_ _0\"></span>s equal to t<span class=\"_ _0\"></span>he mark<span class=\"_ _8\"></span>et price of the underlyin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es on the dat<span class=\"_ _8\"></span>e of gran<span class=\"_ _0\"></span>t. The f<span class=\"_ _0\"></span>air value of the P<span class=\"_ _0\"></span>SUs is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed at the gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _8\"></span>e thr<span class=\"_ _0\"></span>ough Mont<span class=\"_ _0\"></span>e Carlo simulation. How<span class=\"_ _0\"></span>ever<span class=\"_ _8\"></span>, the abo<span class=\"_ _0\"></span>ve per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormance condition i<span class=\"_ _0\"></span>s only consider<span class=\"_ _0\"></span>ed in deter<span class=\"_ _0\"></span>mining the number of P<span class=\"_ _0\"></span>SUs that will ultim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely ves<span class=\"_ _0\"></span>t.The PSUs c<span class=\"_ _0\"></span>an be ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>sed up t<span class=\"_ _8\"></span>o two year<span class=\"_ _0\"></span>s af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>hree-y<span class=\"_ _0\"></span>ear ve<span class=\"_ _0\"></span>sting period and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"ws0\">-</span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e, the cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual term of each op<span class=\"_ _0\"></span>tion gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is five <span class=\"_ _0\"></span>year<span class=\"_ _0\"></span>s. There ar<span class=\"_ _8\"></span>e no cash s<span class=\"_ _0\"></span>ettlement alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>es. The Gr<span class=\"_ _0\"></span>oup does not h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e a past pr<span class=\"_ _8\"></span>actice of cash s<span class=\"_ _0\"></span>ettlement f<span class=\"_ _8\"></span>or thes<span class=\"_ _0\"></span>e PSUs. The Gr<span class=\"_ _0\"></span>oup accounts f<span class=\"_ _8\"></span>or the PSUs a<span class=\"_ _0\"></span>s an equity-settled plan.117Not<span class=\"_ _0\"></span>e 8 Shar<span class=\"_ _8\"></span>e-bas<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>ts <span class=\"fc4\">continued</span>R<span class=\"_ _0\"></span>econciliation of outs<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>orma<span class=\"_ _0\"></span>nce shar<span class=\"_ _8\"></span>e unitsY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022Number of instr<span class=\"_ _0\"></span>uments in thous<span class=\"_ _0\"></span>ands (PSU)<span class=\"_ _173\"> </span>Number of options<span class=\"_ _ef\"> </span>W<span class=\"_ _8\"></span>eighted av<span class=\"_ _0\"></span>erage e<span class=\"_ _8\"></span>xercis<span class=\"_ _0\"></span>e priceOutstandin<span class=\"_ _0\"></span>g at Januar<span class=\"_ _a\"></span>y 1 <span class=\"_ _174\"> </span>-<span class=\"_ _175\"> </span>-Gran<span class=\"_ _0\"></span>ted during t<span class=\"_ _0\"></span>he year<span class=\"_ _176\"> </span><span class=\"lsb5 ws1f8\">74<span class=\"_ _16\"></span>4<span class=\"_ _10d\"> </span></span>-P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance adjust<span class=\"_ _0\"></span>ed<span class=\"_ _177\"> </span>-45<span class=\"_ _175\"> </span>-F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>eited during t<span class=\"_ _0\"></span>he year<span class=\"_ _178\"> </span>-<span class=\"_ _175\"> </span>-Exer<span class=\"_ _8\"></span>cised during the y<span class=\"_ _0\"></span>ear 1)<span class=\"_ _179\"> </span>-<span class=\"_ _175\"> </span>-Expired durin<span class=\"_ _0\"></span>g the year<span class=\"_ _116\"> </span>-<span class=\"_ _175\"> </span>-Outstandi<span class=\"_ _0\"></span>ng at December 31<span class=\"_ _113\"> </span><span class=\"ls1 ws1\">699<span class=\"_ _17a\"> </span></span>-Exer<span class=\"_ _0\"></span>cisable at December 3<span class=\"_ _0\"></span>1 (vest<span class=\"_ _0\"></span>ed)<span class=\"_ _17b\"> </span>-<span class=\"_ _17c\"> </span>-1)No shar<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave been e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cised in 2<span class=\"_ _0\"></span>022. The weight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age r<span class=\"_ _0\"></span>emaining con<span class=\"_ _0\"></span>tract<span class=\"_ _0\"></span>ual life f<span class=\"_ _8\"></span>or the shar<span class=\"_ _0\"></span>e options outstandin<span class=\"_ _0\"></span>g as at 31 December 2022 w<span class=\"_ _0\"></span>as 2.52 year<span class=\"_ _0\"></span>s. The weight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age f<span class=\"_ _0\"></span>air value of PSU g<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>ed during 2022 wa<span class=\"_ _0\"></span>s \u20ac 2,32 The f<span class=\"_ _0\"></span>ollowing tables li<span class=\"_ _0\"></span>st the inputs t<span class=\"_ _0\"></span>o the models us<span class=\"_ _0\"></span>ed for t<span class=\"_ _0\"></span>he years ended 3<span class=\"_ _0\"></span>1 December 2022:Assump<span class=\"_ _0\"></span>tions and inputs in model <span class=\"_ _17f\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022FV per instrument*<span class=\"_ _17d\"> </span> 2.32Dividend yield*<span class=\"_ _180\"> </span> 0.00Expected v<span class=\"_ _0\"></span>olatility*<span class=\"_ _181\"> </span>7.95 %Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e (IRR)*<span class=\"_ _182\"> </span>0.928%Risk<span class=\"_ _0\"></span>-fr<span class=\"_ _8\"></span>ee inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate*<span class=\"_ _183\"> </span>3.09%Contr<span class=\"_ _0\"></span>actual lif<span class=\"_ _0\"></span>e*<span class=\"_ _184\"> </span> 2.63Expected lif<span class=\"_ _8\"></span>etime*<span class=\"_ _185\"> </span> 0.03W<span class=\"_ _0\"></span>eighted a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age shar<span class=\"_ _0\"></span>e price (\u20ac)<span class=\"_ _186\"> </span>2.32Model used<span class=\"_ _17d\"> </span>Mont<span class=\"_ _0\"></span>e Carlo*W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age paramet<span class=\"_ _8\"></span>ers at grant of in<span class=\"_ _0\"></span>strumentExpected v<span class=\"_ _0\"></span>olatility has been ba<span class=\"_ _0\"></span>sed on an evaluation of the hi<span class=\"_ _0\"></span>storic<span class=\"_ _0\"></span>al volatility of the P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ents shar<span class=\"_ _0\"></span>e price, particularly ov<span class=\"_ _0\"></span>er the hist<span class=\"_ _0\"></span>orical period commens<span class=\"_ _0\"></span>urat<span class=\"_ _0\"></span>e with the e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>erm. The expect<span class=\"_ _0\"></span>ed term of t<span class=\"_ _0\"></span>he instrument<span class=\"_ _0\"></span>s has been ba<span class=\"_ _0\"></span>sed on hist<span class=\"_ _0\"></span>orical experience and g<span class=\"_ _0\"></span>eneral option holder beh<span class=\"_ _0\"></span>avior<span class=\"_ _8\"></span>.Components of sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed paymen<span class=\"_ _0\"></span>ts employee benefit e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s<span class=\"_ _91\"> </span>Y<span class=\"_ _8\"></span>ear to d<span class=\"_ _0\"></span>ate ended December 31, 2<span class=\"_ _0\"></span>022Shar<span class=\"_ _0\"></span>e based pa<span class=\"_ _0\"></span>yment<span class=\"_ _17d\"> </span>89Social security cont<span class=\"_ _0\"></span>ribution<span class=\"_ _17e\"> </span>9T<span class=\"_ _1\"></span>otal expens<span class=\"_ _0\"></span>es rel<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>o shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yments<span class=\"_ _f3\"> </span>98118<span class=\"_ _40\"> </span><span class=\"ff5\">Elopak</span>Not<span class=\"_ _0\"></span>e 9 - Developmen<span class=\"_ _0\"></span>t cost and o<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyExpenditur<span class=\"_ _8\"></span>e on re<span class=\"_ _0\"></span>sear<span class=\"_ _8\"></span>ch activities is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpense in t<span class=\"_ _0\"></span>he period in which it is incurr<span class=\"_ _8\"></span>ed. An int<span class=\"_ _0\"></span>ernally g<span class=\"_ _0\"></span>enerat<span class=\"_ _8\"></span>ed intangible as<span class=\"_ _0\"></span>set arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>rom dev<span class=\"_ _0\"></span>elopment is r<span class=\"_ _8\"></span>ecognized in t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of financial po<span class=\"_ _0\"></span>sition if the r<span class=\"_ _0\"></span>ecognition crit<span class=\"_ _8\"></span>eria in IAS 38 are met. After initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition the as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e carried at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s any acc<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>ed amor<span class=\"_ _a\"></span>tization and impairmen<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es. See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or impairment of non-financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s accounting policy<span class=\"_ _8\"></span>.Developmen<span class=\"_ _0\"></span>t cost and ot<span class=\"_ _0\"></span>her intan<span class=\"_ _0\"></span>gible ass<span class=\"_ _0\"></span>ets(EUR 1,000)Cust<span class=\"_ _0\"></span>omer relation<span class=\"_ _0\"></span>s and Development2022other costs<span class=\"_ _13d\"> </span>IT<span class=\"_ _0\"></span>-software<span class=\"_ _73\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>Cost at 1.1<span class=\"_ _187\"> </span>-<span class=\"_ _64\"> </span>44,183<span class=\"_ _14f\"> </span>7<span class=\"_ _8\"></span>6,579<span class=\"_ _7f\"> </span>120,7<span class=\"_ _1\"></span>62Busines<span class=\"_ _0\"></span>s combinations<span class=\"_ _188\"> </span>26,82<span class=\"_ _8\"></span>4<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _12a\"> </span>26,824Additions<span class=\"_ _b4\"> </span>-<span class=\"_ _108\"> </span>3,643<span class=\"_ _163\"> </span>3,211<span class=\"_ _108\"> </span>6,853Disposals<span class=\"_ _f0\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _7a\"> </span>-430<span class=\"_ _62\"> </span>-430Recl<span class=\"_ _0\"></span>assification<span class=\"_ _189\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _18a\"> </span>-641<span class=\"_ _18b\"> </span>-12<span class=\"_ _e7\"> </span>142<span class=\"_ _4e\"> </span>-510Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _17f\"> </span>26,183<span class=\"_ _7b\"> </span>47,814<span class=\"_ _142\"> </span>79,502<span class=\"_ _153\"> </span>153,499Acc. amortization and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _18c\"> </span>-<span class=\"_ _55\"> </span>21,7<span class=\"_ _1\"></span>40<span class=\"_ _64\"> </span>42,160<span class=\"_ _7f\"> </span>63,900Curr<span class=\"_ _0\"></span>ent year amortization charg<span class=\"_ _0\"></span>e<span class=\"_ _18d\"> </span>6,035<span class=\"_ _108\"> </span>4,007<span class=\"_ _7a\"> </span>8,510<span class=\"_ _64\"> </span>18,552Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _18e\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _d8\"> </span>287<span class=\"_ _d4\"> </span>287Amortization disposal<span class=\"_ _0\"></span>s<span class=\"_ _fc\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _df\"> </span>-362<span class=\"_ _6d\"> </span>-362Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _151\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Recl<span class=\"_ _0\"></span>assification<span class=\"_ _189\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation amor<span class=\"_ _a\"></span>tization<span class=\"_ _18f\"> </span>-337<span class=\"_ _ac\"> </span>-<span class=\"_ _d8\"> </span>130<span class=\"_ _6d\"> </span><span class=\"ls2c ws49\">-2<span class=\"_ _a\"></span>07</span>Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _190\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _9f\"> </span>-3<span class=\"_ _ef\"> </span>-3Accumulat<span class=\"_ _0\"></span>ed amortization at 31.12<span class=\"_ _191\"> </span>5,6<span class=\"_ _0\"></span>98<span class=\"_ _118\"> </span>25,7<span class=\"_ _8\"></span>48<span class=\"_ _7b\"> </span>50,155<span class=\"_ _7f\"> </span>81,600Net accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _192\"> </span>--<span class=\"_ _75\"> </span>568<span class=\"_ _da\"> </span>568Carrying amount 31.12<span class=\"_ _193\"> </span>20,485<span class=\"_ _84\"> </span>22,066<span class=\"_ _194\"> </span>28,780<span class=\"_ _c4\"> </span>71,331E<span class=\"_ _0\"></span>conomic life<span class=\"_ _195\"> </span>0-8 year<span class=\"_ _0\"></span>s<span class=\"_ _3f\"> </span>5-10 years<span class=\"_ _45\"> </span>3-7 yearsAmortization method<span class=\"_ _196\"> </span>Linear<span class=\"_ _64\"> </span>Linear<span class=\"_ _64\"> </span>Linear119Not<span class=\"_ _0\"></span>e 9 \u2013 Developmen<span class=\"_ _0\"></span>t cost and ot<span class=\"_ _0\"></span>her int<span class=\"_ _0\"></span>angible as<span class=\"_ _0\"></span>sets <span class=\"fc3 ws24b\">con<span class=\"_ _0\"></span>tinued</span>Cust<span class=\"_ _0\"></span>omer relation<span class=\"_ _0\"></span>sand other <span class=\"_ _125\"> </span>Development cost<span class=\"_ _0\"></span>s<span class=\"_ _13d\"> </span>IT<span class=\"_ _0\"></span>-softwareTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _197\"></span><span class=\"ls0 ws0\">2021</span>Cost at 1.1<span class=\"_ _ce\"> </span>-<span class=\"_ _a2\"> </span>40,890<span class=\"_ _142\"> </span>83,088<span class=\"_ _84\"> </span>123,97<span class=\"_ _0\"></span>8Additions<span class=\"_ _198\"> </span>-<span class=\"_ _199\"> </span>3,29<span class=\"_ _8\"></span>3<span class=\"_ _19a\"> </span>3,258<span class=\"_ _6d\"> </span>6,551Disposals<span class=\"_ _189\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _12a\"> </span>-10,717<span class=\"_ _118\"> </span>-10,717Recl<span class=\"_ _0\"></span>assification<span class=\"_ _19c\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _66\"> </span>807<span class=\"_ _d4\"> </span>807Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _19d\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _d8\"> </span>144<span class=\"_ _e7\"> </span>144Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _19e\"> </span>-<span class=\"_ _e3\"> </span>44,183<span class=\"_ _118\"> </span>7<span class=\"_ _8\"></span>6,579<span class=\"_ _47\"> </span>120,7<span class=\"_ _1\"></span>62Acc. amortization and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _19f\"> </span>-<span class=\"_ _12d\"> </span>18,062<span class=\"_ _12a\"> </span>44,705<span class=\"_ _14f\"> </span>62,7<span class=\"_ _8\"></span>67Curr<span class=\"_ _0\"></span>ent year amortization charg<span class=\"_ _0\"></span>e<span class=\"_ _1a0\"> </span>-<span class=\"_ _199\"> </span>3,678<span class=\"_ _108\"> </span>8,095<span class=\"_ _69\"> </span>11,773Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _1a1\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-Amortization disposal<span class=\"_ _0\"></span>s<span class=\"_ _1a2\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _84\"> </span>-10,7<span class=\"_ _1\"></span>65<span class=\"_ _194\"> </span>-10,7<span class=\"_ _1\"></span>65Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _14d\"> </span>-<span class=\"_ _1a3\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-Recl<span class=\"_ _0\"></span>assification<span class=\"_ _19c\"> </span>-<span class=\"_ _1a3\"> </span>-<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation amor<span class=\"_ _a\"></span>tization<span class=\"_ _1a1\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _104\"> </span>1<span class=\"_ _a\"></span>24<span class=\"_ _e8\"> </span>124Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _1a4\"> </span>-<span class=\"_ _1a3\"> </span>-<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-Accumulat<span class=\"_ _0\"></span>ed amortization at 31.12<span class=\"_ _1a5\"> </span>-<span class=\"_ _aa\"> </span>21,7<span class=\"_ _8\"></span>40<span class=\"_ _64\"> </span>41,87<span class=\"_ _1\"></span>6<span class=\"_ _12a\"> </span>63,616Net accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1a6\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _66\"> </span>284<span class=\"_ _75\"> </span>284Carrying amount 31.12<span class=\"_ _e4\"> </span>-<span class=\"_ _a2\"> </span>22,443<span class=\"_ _194\"> </span>34,419<span class=\"_ _194\"> </span>56,862Cust<span class=\"_ _8\"></span>omer rel<span class=\"_ _0\"></span>ations and other include<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>air value of cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer and supply cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition of GL<span class=\"_ _0\"></span>S Elopak and Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>ackaging L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d in 2022. Cust<span class=\"_ _8\"></span>omer rel<span class=\"_ _0\"></span>ations ha<span class=\"_ _0\"></span>ve an e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed economic lif<span class=\"_ _0\"></span>e of 8 year<span class=\"_ _0\"></span>s while the ot<span class=\"_ _0\"></span>her contr<span class=\"_ _8\"></span>acts ar<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ully amor<span class=\"_ _a\"></span>tized in 2<span class=\"_ _0\"></span>022. See not<span class=\"_ _0\"></span>e 21 f<span class=\"_ _0\"></span>or further details.The additions under dev<span class=\"_ _0\"></span>elopment cos<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o the dev<span class=\"_ _0\"></span>elopment of new fillin<span class=\"_ _0\"></span>g and produc<span class=\"ls0 ws0\">-</span>tion machine t<span class=\"_ _8\"></span>echnolog<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span>.The majority of I<span class=\"_ _0\"></span>T<span class=\"_ _8\"></span>-softwar<span class=\"_ _0\"></span>e are<span class=\"_ _0\"></span> additions r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed to inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>ts in I<span class=\"_ _0\"></span>T sys<span class=\"_ _0\"></span>tem f<span class=\"_ _8\"></span>or man<span class=\"_ _0\"></span>agement of mat<span class=\"_ _8\"></span>erials flow and financ<span class=\"_ _0\"></span>es. The sys<span class=\"_ _0\"></span>tem r<span class=\"_ _8\"></span>oll out star<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ed in 2017 and continued t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oughout 2022.R<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>arch a<span class=\"_ _0\"></span>nd developmentThe cos<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>sear<span class=\"_ _8\"></span>ch and development not eligible f<span class=\"_ _8\"></span>or capitaliz<span class=\"_ _0\"></span>ation which hav<span class=\"_ _0\"></span>e been expen<span class=\"_ _0\"></span>sed in 2022 amoun<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o EUR 12,501 thous<span class=\"_ _0\"></span>and. Compar<span class=\"_ _8\"></span>able amount in 2021 wa<span class=\"_ _0\"></span>s EUR 15,7<span class=\"_ _0\"></span>08 thous<span class=\"_ _0\"></span>and.120<span class=\"_ _ed\"> </span><span class=\"ff5 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 10 \u2013 GoodwillAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyGoodwill arisin<span class=\"_ _0\"></span>g on the acqui<span class=\"_ _0\"></span>sition of a subsidiary or a jointly cont<span class=\"_ _0\"></span>rolled en<span class=\"_ _0\"></span>tity repr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>s the e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he cost of acqui<span class=\"_ _0\"></span>sition ov<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup's int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in t<span class=\"_ _0\"></span>he net f<span class=\"_ _0\"></span>air value of the iden<span class=\"_ _0\"></span>ti<span class=\"ws0\">-</span>fiable as<span class=\"_ _0\"></span>sets, liabilitie<span class=\"_ _0\"></span>s and contin<span class=\"_ _0\"></span>gent liabilitie<span class=\"_ _0\"></span>s of the sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y at the dat<span class=\"_ _8\"></span>e of acquisition. Goodwill is initially r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed as an as<span class=\"_ _0\"></span>set at cos<span class=\"_ _0\"></span>t and is sub<span class=\"_ _0\"></span>sequent<span class=\"_ _0\"></span>ly measur<span class=\"_ _8\"></span>ed at cost le<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _8\"></span>ed impairment los<span class=\"_ _0\"></span>ses.F<span class=\"_ _0\"></span>or the purpo<span class=\"_ _0\"></span>se of impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>estin<span class=\"_ _0\"></span>g, goodwill i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o each of the Gr<span class=\"_ _8\"></span>oup's cash-g<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-</span>er<span class=\"_ _0\"></span>ating units e<span class=\"_ _8\"></span>xpected t<span class=\"_ _0\"></span>o benefit f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the sy<span class=\"_ _0\"></span>nergie<span class=\"_ _0\"></span>s of the combination ir<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e of whether other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s or liabilities of the ac<span class=\"_ _0\"></span>quiree ar<span class=\"_ _8\"></span>e assigned t<span class=\"_ _8\"></span>o thos<span class=\"_ _0\"></span>e units. Cash-gener<span class=\"_ _8\"></span>ating units t<span class=\"_ _0\"></span>o which goodwill ha<span class=\"_ _0\"></span>s been allocat<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment annually<span class=\"_ _8\"></span>, or mor<span class=\"_ _0\"></span>e fr<span class=\"_ _8\"></span>equently when ther<span class=\"_ _8\"></span>e is an indication th<span class=\"_ _0\"></span>at the unit m<span class=\"_ _0\"></span>ay be impair<span class=\"_ _8\"></span>ed. If the r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of the cas<span class=\"_ _0\"></span>h-gener<span class=\"_ _0\"></span>ating unit is le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he unit, the impairment lo<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed firs<span class=\"_ _0\"></span>t to r<span class=\"_ _8\"></span>educe the car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amount of an<span class=\"_ _0\"></span>y goodwill allocat<span class=\"_ _8\"></span>ed to the unit and t<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>o the other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the unit pr<span class=\"_ _0\"></span>o-r<span class=\"_ _0\"></span>ata on the ba<span class=\"_ _0\"></span>sis of the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of e<span class=\"_ _0\"></span>ach asset in the unit. An impair<span class=\"_ _0\"></span>ment loss r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or goodwill is not r<span class=\"_ _8\"></span>ever<span class=\"_ _0\"></span>sed in a sub<span class=\"_ _0\"></span>sequent period. On dis<span class=\"_ _0\"></span>posal of a s<span class=\"_ _0\"></span>ubsidiar<span class=\"_ _a\"></span>y or a joint<span class=\"_ _0\"></span>ly contr<span class=\"_ _8\"></span>olled entity, t<span class=\"_ _0\"></span>he attributable amoun<span class=\"_ _0\"></span>t of goodwill is included in t<span class=\"_ _0\"></span>he determin<span class=\"_ _8\"></span>ation of the profit or lo<span class=\"_ _0\"></span>ss on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al.The table below sho<span class=\"_ _0\"></span>ws the co<span class=\"_ _0\"></span>st value, additions, di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sals, impairmen<span class=\"_ _0\"></span>t char<span class=\"_ _0\"></span>ges and c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying value f<span class=\"_ _8\"></span>or the various g<span class=\"_ _0\"></span>oodwill item<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oup.Goodwill(EUR 1,000)<span class=\"_ _1a7\"> </span>2022<span class=\"_ _71\"> </span>2021Cost at 1.1<span class=\"_ _1a8\"> </span>58,089<span class=\"_ _e8\"> </span>58,511Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _61\"> </span>57,089<span class=\"_ _1a9\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _74\"> </span>-3,997<span class=\"_ _71\"> </span>-422Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1aa\"> </span>111,181<span class=\"_ _53\"> </span>58,089Accumul<span class=\"_ _0\"></span>ated impairment 1.1.<span class=\"_ _110\"> </span>6,223<span class=\"_ _6f\"> </span>6,220Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _1ab\"> </span>-<span class=\"_ _1a9\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _1ac\"> </span>-<span class=\"_ _d3\"> </span>3Accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1ad\"> </span>6,223<span class=\"_ _18b\"> </span>6,223Carrying amount 31.12<span class=\"_ _1ae\"> </span>104,958<span class=\"_ _1af\"> </span>51,866121Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>Impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>est f<span class=\"_ _8\"></span>or goodwill:Goodwill is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the Gr<span class=\"_ _0\"></span>oup's cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g units and i<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment annually or mor<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>equently if ther<span class=\"_ _8\"></span>e ar<span class=\"_ _0\"></span>e indications of impairmen<span class=\"_ _0\"></span>t. T<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>sting f<span class=\"_ _8\"></span>or impairment inv<span class=\"_ _0\"></span>olves t<span class=\"_ _0\"></span>he det<span class=\"_ _0\"></span>ermination of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of the c<span class=\"_ _0\"></span>ash gener<span class=\"_ _8\"></span>ating unit. The r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble amount is det<span class=\"_ _8\"></span>ermined by dis<span class=\"_ _0\"></span>counting f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected c<span class=\"_ _0\"></span>ash flows, b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he busines<span class=\"_ _0\"></span>s plans f<span class=\"_ _8\"></span>or the cas<span class=\"_ _0\"></span>h gener<span class=\"_ _0\"></span>ating units. The di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t rat<span class=\"_ _8\"></span>e applied to t<span class=\"_ _0\"></span>he fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flow is ba<span class=\"_ _0\"></span>sed on the Gr<span class=\"_ _8\"></span>oup's weight<span class=\"_ _8\"></span>ed aver<span class=\"_ _8\"></span>age cost of c<span class=\"_ _0\"></span>apital (W<span class=\"_ _8\"></span>A<span class=\"_ _0\"></span>CC), adapt<span class=\"_ _8\"></span>ed to the m<span class=\"_ _0\"></span>ark<span class=\"_ _8\"></span>et's apprehen<span class=\"_ _0\"></span>sion of the ris<span class=\"_ _0\"></span>k f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ors f<span class=\"_ _8\"></span>or each cash gener<span class=\"_ _8\"></span>ating unit. Gr<span class=\"_ _0\"></span>owth r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e used t<span class=\"_ _8\"></span>o project ca<span class=\"_ _0\"></span>sh flows be<span class=\"_ _0\"></span>yond the periods co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ed by the bu<span class=\"_ _0\"></span>siness pl<span class=\"_ _0\"></span>ans.Cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unitsThe goodwill it<span class=\"_ _0\"></span>ems f<span class=\"_ _8\"></span>rom 2021 (c<span class=\"_ _0\"></span>ost 1.1. 2022) ar<span class=\"_ _8\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to acqui<span class=\"_ _0\"></span>sition of Elopak Denm<span class=\"_ _0\"></span>ark A/S, Elopak AB, Elofin O<span class=\"_ _8\"></span>Y and V<span class=\"_ _8\"></span>ariopak and are alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the cas<span class=\"_ _0\"></span>h gener<span class=\"_ _0\"></span>ating unit E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ope, which consi<span class=\"_ _0\"></span>st of Elopak's E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>opean mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>ets, including t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>ernal pr<span class=\"_ _8\"></span>oduction and supply org<span class=\"_ _0\"></span>anization.F<span class=\"_ _0\"></span>ollowing f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om busines<span class=\"_ _0\"></span>s combinations in 2<span class=\"_ _0\"></span>022 Goodwill has incr<span class=\"_ _8\"></span>eased b<span class=\"_ _0\"></span>y EUR 3,591 thous<span class=\"_ _0\"></span>and f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om acquisition of GL<span class=\"_ _0\"></span>S Elopak and EUR 53,498 thou<span class=\"_ _0\"></span>sand f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om acquisition of N<span class=\"_ _0\"></span>atur<span class=\"_ _8\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>acking Co. L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d. Operation<span class=\"_ _0\"></span>s in GLS Elopak ar<span class=\"_ _0\"></span>e mainly in India and i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o a separ<span class=\"_ _8\"></span>ate CGU. Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>acking Co. L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d is int<span class=\"_ _8\"></span>egrat<span class=\"_ _8\"></span>ed in the Elopak E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>opean value ch<span class=\"_ _0\"></span>ain and is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the CGU of Elopak E<span class=\"_ _0\"></span>urope (r<span class=\"_ _8\"></span>enamed t<span class=\"_ _0\"></span>o Elopak EMEA).The basi<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o consider Elopak EMEA as one c<span class=\"_ _0\"></span>ash gener<span class=\"_ _8\"></span>ating unit is t<span class=\"_ _0\"></span>he inher<span class=\"_ _0\"></span>ent str<span class=\"_ _0\"></span>uctur<span class=\"_ _8\"></span>e of the EMEA mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et. Cust<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s are mer<span class=\"_ _8\"></span>ging acr<span class=\"_ _0\"></span>oss bor<span class=\"_ _8\"></span>ders and ar<span class=\"_ _8\"></span>e increa<span class=\"_ _0\"></span>singly tr<span class=\"_ _8\"></span>eating EMEA a<span class=\"_ _0\"></span>s one<span class=\"_ _a\"></span> mar<span class=\"_ _0\"></span>ket. The hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical r<span class=\"_ _8\"></span>equirement f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om cust<span class=\"_ _8\"></span>omers t<span class=\"_ _0\"></span>o sour<span class=\"_ _8\"></span>ce fr<span class=\"_ _8\"></span>om specific plant<span class=\"_ _0\"></span>s is no long<span class=\"_ _0\"></span>er pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t. Elopak is ad<span class=\"_ _0\"></span>apting t<span class=\"_ _8\"></span>o this tr<span class=\"_ _8\"></span>end by allocating pr<span class=\"_ _8\"></span>oduction flexibly t<span class=\"_ _8\"></span>o the plant<span class=\"_ _0\"></span>s in EMEA in or<span class=\"_ _0\"></span>der to op<span class=\"_ _0\"></span>timize logi<span class=\"_ _0\"></span>stics and pr<span class=\"_ _0\"></span>oduction cos<span class=\"_ _0\"></span>t. Accor<span class=\"_ _8\"></span>ding to t<span class=\"_ _0\"></span>his dev<span class=\"_ _0\"></span>elopment, the m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s along Elopak's v<span class=\"_ _0\"></span>alue chain will be s<span class=\"_ _0\"></span>ubject to ch<span class=\"_ _0\"></span>ange f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om one year t<span class=\"_ _0\"></span>o another<span class=\"_ _8\"></span>, and ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e the appr<span class=\"_ _8\"></span>opriate w<span class=\"_ _0\"></span>ay t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>ess indic<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or impairment f<span class=\"_ _8\"></span>or the EMEA busine<span class=\"_ _0\"></span>ss is a<span class=\"_ _0\"></span>s one unit.Impairment t<span class=\"_ _8\"></span>est and as<span class=\"_ _0\"></span>sumptionsR<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or the ca<span class=\"_ _0\"></span>sh gener<span class=\"_ _0\"></span>ating units Elop<span class=\"_ _0\"></span>ak EMEA and GLS Elopak ar<span class=\"_ _8\"></span>e calculat<span class=\"_ _8\"></span>ed<span class=\"_ _a\"></span> bas<span class=\"_ _0\"></span>ed on values in u<span class=\"_ _0\"></span>se. The ca<span class=\"_ _0\"></span>sh flows th<span class=\"_ _8\"></span>at are ba<span class=\"_ _0\"></span>sis f<span class=\"_ _0\"></span>or the impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>ests ar<span class=\"_ _8\"></span>e based on 122<span class=\"_ _ed\"> </span><span class=\"ff5\">Elopak</span>Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>ass<span class=\"_ _0\"></span>umptions about f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e sales v<span class=\"_ _0\"></span>olumes, sellin<span class=\"_ _0\"></span>g prices and dir<span class=\"_ _8\"></span>ect costs. The<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>e uncer<span class=\"_ _a\"></span>tain f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s.<span class=\"_ _a\"></span> Thes<span class=\"_ _0\"></span>e assump<span class=\"_ _0\"></span>tions ar<span class=\"_ _0\"></span>e based on hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical e<span class=\"_ _0\"></span>xperience f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the r<span class=\"_ _8\"></span>elevant mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s, adopt<span class=\"_ _0\"></span>ed budgets and the Gr<span class=\"_ _8\"></span>oup's expectation<span class=\"_ _0\"></span>s of mark<span class=\"_ _8\"></span>et change<span class=\"_ _0\"></span>s and other fin<span class=\"_ _0\"></span>ancial impacts f<span class=\"_ _8\"></span>rom clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s.<span class=\"_ _a\"></span> Upon completion of the impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>ests in 2<span class=\"_ _0\"></span>022 and 2021 the Gr<span class=\"_ _8\"></span>oup does not e<span class=\"_ _0\"></span>xpect significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> chan<span class=\"_ _0\"></span>ges in c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent tr<span class=\"_ _8\"></span>ade in EMEA and expect<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash flow<span class=\"_ _0\"></span>s ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e mainly a continuation of obs<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ved t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ends. GLS Elopak i<span class=\"_ _0\"></span>s in a start-up phas<span class=\"_ _0\"></span>e, hence a significan<span class=\"_ _0\"></span>t incr<span class=\"_ _0\"></span>ease of s<span class=\"_ _0\"></span>ales and pr<span class=\"_ _0\"></span>ofit is e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed in 2023 f<span class=\"_ _0\"></span>ollowed b<span class=\"_ _0\"></span>y an estim<span class=\"_ _0\"></span>ate of 0% g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _a\"></span>th t<span class=\"_ _0\"></span>he year<span class=\"_ _0\"></span>s after<span class=\"_ _8\"></span>.Calcul<span class=\"_ _0\"></span>ated r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amounts in the impairmen<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>sts ar<span class=\"_ _8\"></span>e higher than car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amounts, and bas<span class=\"_ _0\"></span>ed on the t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s, it is concluded t<span class=\"_ _0\"></span>hat ther<span class=\"_ _8\"></span>e is no impairment in 2<span class=\"_ _0\"></span>022 or 2021.Det<span class=\"_ _0\"></span>ermined cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed with dis<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed in the table below.Detailed des<span class=\"_ _0\"></span>cription of the a<span class=\"_ _0\"></span>ssumpti<span class=\"_ _0\"></span>ons used:Discoun<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e after tax<span class=\"_ _1b0\"> </span>Discoun<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e befor<span class=\"_ _0\"></span>e tax<span class=\"_ _140\"> </span>Growth rat<span class=\"_ _0\"></span>e 2-5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _1b1\"> </span>Long-t<span class=\"_ _8\"></span>erm growth rat<span class=\"_ _0\"></span>e2022<span class=\"_ _ed\"> </span>2021<span class=\"_ _103\"> </span>2022<span class=\"_ _ed\"> </span>2021<span class=\"_ _ed\"> </span>2022<span class=\"_ _103\"> </span>2021<span class=\"_ _ed\"> </span>2022<span class=\"_ _ed\"> </span>2021Elopak EMEA<span class=\"_ _1b2\"> </span>7.7 %<span class=\"_ _f9\"> </span>3.6 %<span class=\"_ _119\"> </span>11.0 %<span class=\"_ _43\"> </span>5.2 %<span class=\"_ _1b3\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %GLS Elopak<span class=\"_ _1b4\"> </span>12.5 %<span class=\"_ _13b\"> </span>17.9 %<span class=\"_ _1b5\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %The dis<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>eflect the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t mark<span class=\"_ _8\"></span>ets ass<span class=\"_ _0\"></span>essmen<span class=\"_ _0\"></span>t of the ris<span class=\"_ _0\"></span>k specific t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h gener<span class=\"ls0 ws0\">-</span>ating unit. The r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ated ba<span class=\"_ _0\"></span>sed on the w<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed aver<span class=\"_ _8\"></span>age cos<span class=\"_ _0\"></span>t of capital f<span class=\"_ _0\"></span>or similar as<span class=\"_ _0\"></span>sets in t<span class=\"_ _0\"></span>he mark<span class=\"_ _8\"></span>et. This r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e has been f<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>ther adjus<span class=\"_ _0\"></span>ted t<span class=\"_ _8\"></span>o reflect t<span class=\"_ _0\"></span>he specific ri<span class=\"_ _0\"></span>sk f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ors r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>sh gener<span class=\"_ _0\"></span>ating unit, which h<span class=\"_ _0\"></span>ave not been r<span class=\"_ _8\"></span>eflected in t<span class=\"_ _0\"></span>he cash flo<span class=\"_ _0\"></span>w.A<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age gr<span class=\"_ _8\"></span>ow<span class=\"_ _a\"></span>th r<span class=\"_ _8\"></span>ate f<span class=\"_ _8\"></span>or the f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e 2 to 5 ye<span class=\"_ _0\"></span>ars period i<span class=\"_ _0\"></span>s based on Elop<span class=\"_ _0\"></span>ak Gr<span class=\"_ _0\"></span>oup's expect<span class=\"_ _0\"></span>ations f<span class=\"_ _0\"></span>or the m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et development t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he busines<span class=\"_ _0\"></span>s operat<span class=\"_ _8\"></span>es in. When estim<span class=\"_ _0\"></span>ating f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flows committ<span class=\"_ _0\"></span>ed operatin<span class=\"_ _0\"></span>g efficiency impr<span class=\"_ _0\"></span>ovemen<span class=\"_ _0\"></span>t measur<span class=\"_ _8\"></span>es ar<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en int<span class=\"_ _0\"></span>o account. Ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in the out<span class=\"_ _0\"></span>comes f<span class=\"_ _8\"></span>or these initi<span class=\"_ _0\"></span>atives m<span class=\"_ _0\"></span>ay influence f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed cash flo<span class=\"_ _0\"></span>ws.Inve<span class=\"_ _0\"></span>stment co<span class=\"_ _0\"></span>sts nece<span class=\"_ _0\"></span>ssary to meet e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>owth ar<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en int<span class=\"_ _0\"></span>o account. Ba<span class=\"_ _0\"></span>sed on man<span class=\"_ _0\"></span>agement's a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment, t<span class=\"_ _0\"></span>he estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>sts do not include inv<span class=\"_ _0\"></span>estmen<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at 123Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>impr<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>s the as<span class=\"_ _0\"></span>sets perfor<span class=\"_ _0\"></span>mance. The r<span class=\"_ _8\"></span>elated c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eated c<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>espondin<span class=\"_ _0\"></span>gly<span class=\"_ _0\"></span>.Man<span class=\"_ _0\"></span>agement believ<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at ther<span class=\"_ _8\"></span>e is no r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>onably pos<span class=\"_ _0\"></span>sible chan<span class=\"_ _0\"></span>ge in any of t<span class=\"_ _0\"></span>he k<span class=\"_ _0\"></span>ey as<span class=\"_ _0\"></span>sumption th<span class=\"_ _0\"></span>at would caus<span class=\"_ _0\"></span>e the car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying value of t<span class=\"_ _0\"></span>he unit to m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erially ex<span class=\"_ _8\"></span>ceed its r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t. Sensitivity analy<span class=\"_ _0\"></span>sis ha<span class=\"_ _0\"></span>ve been performed b<span class=\"_ _0\"></span>ased on a 0.5% incr<span class=\"_ _8\"></span>ease and decr<span class=\"_ _8\"></span>ease of t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate and perpet<span class=\"_ _8\"></span>ual gr<span class=\"_ _0\"></span>ow<span class=\"_ _a\"></span>th. The v<span class=\"_ _0\"></span>alue in the low end of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>s higher than t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount, hence t<span class=\"_ _0\"></span>he sensitivity analy<span class=\"_ _0\"></span>sis show<span class=\"_ _0\"></span>s no indication of impairment.Not<span class=\"_ _0\"></span>e 11 - Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipmentAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyCapitaliz<span class=\"_ _0\"></span>ed propert<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t are r<span class=\"_ _8\"></span>eflected at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _8\"></span>ed depreciation and accumul<span class=\"_ _0\"></span>ated imp<span class=\"_ _0\"></span>airment los<span class=\"_ _0\"></span>ses. P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipmen<span class=\"_ _0\"></span>t, other th<span class=\"_ _0\"></span>an land and  <span class=\"_ _1f\"></span>pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ties under const<span class=\"_ _0\"></span>ruction, ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>heir estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed usef<span class=\"_ _8\"></span>ul lives, usin<span class=\"_ _0\"></span>g the st<span class=\"_ _0\"></span>raigh<span class=\"_ _0\"></span>t-line method and takin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>o consider<span class=\"_ _0\"></span>ation an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esidual value<span class=\"_ _0\"></span>s. See Not<span class=\"_ _0\"></span>e 3 for imp<span class=\"_ _0\"></span>airment of non- financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s accountin<span class=\"_ _0\"></span>g policy.1<span class=\"_ _a\"></span>24<span class=\"_ _103\"> </span><span class=\"ff8 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 11 - Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t(EUR 1,000)Land and Machinery <span class=\"_ _1b\"></span> Office and2022buildingsand planttranspor<span class=\"_ _a\"></span>t<span class=\"_ _12a\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>Cost at 1.1<span class=\"_ _f5\"> </span>41,52<span class=\"_ _8\"></span>4<span class=\"_ _5a\"> </span>532,615<span class=\"_ _c8\"> </span>20,72<span class=\"_ _8\"></span>4<span class=\"_ _15\"> </span>59<span class=\"_ _8\"></span>4,863Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _18e\"> </span>10,184<span class=\"_ _7f\"> </span>11,305<span class=\"_ _df\"> </span>135<span class=\"_ _12c\"> </span>21,623Additions<span class=\"_ _80\"> </span><span class=\"ls61 wsba\">227<span class=\"_ _48\"> </span></span>37,9<span class=\"_ _8\"></span>40<span class=\"_ _69\"> </span>304<span class=\"_ _47\"> </span>38,471Disposals<span class=\"_ _107\"> </span>-17<span class=\"_ _8\"></span>6<span class=\"_ _12c\"> </span>-6,153<span class=\"_ _155\"> </span>-47<span class=\"_ _8\"></span>6<span class=\"_ _4c\"> </span>-6,805Discon<span class=\"_ _0\"></span>tinued operations ()<span class=\"_ _1b6\"> </span>-296<span class=\"_ _106\"> </span>-24,2<span class=\"_ _0\"></span>73<span class=\"_ _48\"> </span>-2,082<span class=\"_ _5a\"> </span>-26,651T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ansf<span class=\"_ _0\"></span>er to/f<span class=\"_ _0\"></span>rom inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1b7\"> </span>1,581<span class=\"_ _c8\"> </span>-6,367<span class=\"_ _62\"> </span>868<span class=\"_ _47\"> </span>-3,918Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _176\"> </span>-344<span class=\"_ _7b\"> </span>11,813<span class=\"_ _4e\"> </span>918<span class=\"_ _12c\"> </span>12,387Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _a9\"> </span>52,701<span class=\"_ _2f\"> </span>556,880<span class=\"_ _5a\"> </span>20,3<span class=\"_ _0\"></span>90<span class=\"_ _15\"> </span>629,971Acc. depr<span class=\"_ _0\"></span>eciation and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _1b8\"> </span>27,314<span class=\"_ _5e\"> </span>364,715<span class=\"_ _10b\"> </span>16,410<span class=\"_ _28\"> </span>408,4381)Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e 1,530<span class=\"_ _12c\"> </span>25,831<span class=\"_ _ca\"> </span>1,6<span class=\"_ _8\"></span>97<span class=\"_ _48\"> </span>29,0571)Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge 868<span class=\"_ _118\"> </span>5,272<span class=\"_ _53\"> </span><span class=\"ls3 wsc8\">173<span class=\"_ _ca\"> </span></span>6,3<span class=\"_ _0\"></span>12Depreci<span class=\"_ _0\"></span>ation dispos<span class=\"_ _0\"></span>als<span class=\"_ _172\"> </span>-16<span class=\"_ _0\"></span>9<span class=\"_ _47\"> </span>-4,514<span class=\"_ _155\"> </span>-427<span class=\"_ _7f\"> </span>-5,110Discon<span class=\"_ _0\"></span>tinued operations ()<span class=\"_ _1b9\"> </span>-271<span class=\"_ _5a\"> </span>-19,49<span class=\"_ _8\"></span>3<span class=\"_ _84\"> </span>-1,73<span class=\"_ _0\"></span>7<span class=\"_ _153\"> </span>-21,501Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _116\"> </span>-<span class=\"_ _50\"> </span>-319<span class=\"_ _75\"> </span>-3<span class=\"_ _14f\"> </span>-322Depreci<span class=\"_ _0\"></span>ation trans<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _13e\"> </span>-<span class=\"_ _84\"> </span>-1,138<span class=\"_ _ef\"> </span>-<span class=\"_ _194\"> </span>-1,138Impairment tr<span class=\"_ _8\"></span>ansferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1ba\"> </span>-<span class=\"_ _64\"> </span>-346<span class=\"_ _c6\"> </span>-<span class=\"_ _64\"> </span>-346Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _177\"> </span>104<span class=\"_ _7f\"> </span>11,602<span class=\"_ _73\"> </span>900<span class=\"_ _c8\"> </span>12,606Acc. depreci<span class=\"_ _0\"></span>ation and impairment lo<span class=\"_ _0\"></span>sses at 3<span class=\"_ _0\"></span>1.12 <span class=\"_ _1bb\"> </span>29,375<span class=\"_ _22\"> </span>381,609<span class=\"_ _144\"> </span>17,012<span class=\"_ _45\"> </span>427,997Carrying amount 31.12<span class=\"_ _1bc\"> </span>23,326<span class=\"_ _5a\"> </span>175,271<span class=\"_ _194\"> </span>3,3<span class=\"_ _0\"></span>78<span class=\"_ _46\"> </span>201,97<span class=\"_ _0\"></span>5E<span class=\"_ _0\"></span>conomic life<span class=\"_ _d0\"> </span>0-40 years<span class=\"_ _12e\"> </span>3-15 years<span class=\"_ _12e\"> </span>3-12 year<span class=\"_ _0\"></span>sAmortization method<span class=\"_ _fc\"> </span>Linear<span class=\"_ _144\"> </span>Linear<span class=\"_ _144\"> </span>Linear1 )D epreci<span class=\"_ _0\"></span>ation charge f<span class=\"_ _8\"></span>or the year ex<span class=\"_ _0\"></span>cludes f<span class=\"_ _0\"></span>ollowing amount<span class=\"_ _0\"></span>s ()<span class=\"_ _1bd\"> </span>7<span class=\"_ _62\"> </span>899<span class=\"_ _1af\"> </span>64<span class=\"_ _7a\"> </span><span class=\"ls5 wsd\">970</span> Impairment ch<span class=\"_ _0\"></span>arge f<span class=\"_ _0\"></span>or the year e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s followin<span class=\"_ _0\"></span>g amounts ()<span class=\"_ _16d\"> </span>18<span class=\"_ _142\"> </span>5,535<span class=\"_ _62\"> </span>280<span class=\"_ _194\"> </span>5,833125Not<span class=\"_ _0\"></span>e 11 \u2013 Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Land and Machinery Office andbuildingsand planttranspor<span class=\"_ _a\"></span>t<span class=\"_ _12a\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l<span class=\"_ _197\"></span><span class=\"ls0 ws0\">2021</span></span>Cost at 1.1<span class=\"_ _eb\"> </span>41,30<span class=\"_ _0\"></span>7<span class=\"_ _46\"> </span>520,596<span class=\"_ _10b\"> </span>19,501<span class=\"_ _49\"> </span>581,404Additions<span class=\"_ _1c7\"> </span>-<span class=\"_ _153\"> </span>30,638<span class=\"_ _df\"> </span>136<span class=\"_ _144\"> </span>30,77<span class=\"_ _8\"></span>4Disposals<span class=\"_ _51\"> </span>-583<span class=\"_ _5a\"> </span>-13,479<span class=\"_ _47\"> </span>-1,386<span class=\"_ _5a\"> </span>-15,448T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ansf<span class=\"_ _0\"></span>er to/f<span class=\"_ _0\"></span>rom inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _d5\"> </span>657<span class=\"_ _5e\"> </span>-10,679<span class=\"_ _7b\"> </span>2,207<span class=\"_ _1c8\"> </span>-7,815Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _17f\"> </span>143<span class=\"_ _7b\"> </span>5,53<span class=\"_ _0\"></span>9<span class=\"_ _7a\"> </span><span class=\"lsb ws8c\">266<span class=\"_ _7b\"> </span></span>5,9<span class=\"_ _0\"></span>48Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _150\"> </span>41,52<span class=\"_ _0\"></span>4<span class=\"_ _15\"> </span>532,6<span class=\"_ _0\"></span>15<span class=\"_ _153\"> </span>20,724<span class=\"_ _2b\"> </span>59<span class=\"_ _0\"></span>4,863Acc. depr<span class=\"_ _0\"></span>eciation and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _1c9\"> </span><span class=\"ls61 wsba\">27,270<span class=\"_ _45\"> </span></span>349,455<span class=\"_ _144\"> </span>16,250<span class=\"_ _4b\"> </span>392,97<span class=\"_ _0\"></span>5Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1ca\"> </span>1,230<span class=\"_ _60\"> </span>26,380<span class=\"_ _55\"> </span>1,512<span class=\"_ _12c\"> </span>29,122Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _188\"> </span>-<span class=\"_ _155\"> </span>1,216<span class=\"_ _1cb\"> </span>1<span class=\"_ _55\"> </span>1,218Depreci<span class=\"_ _0\"></span>ation dispos<span class=\"_ _0\"></span>als<span class=\"_ _172\"> </span>-581<span class=\"_ _106\"> </span>-13,058<span class=\"_ _84\"> </span>-1,37<span class=\"_ _1\"></span>6<span class=\"_ _c1\"> </span>-15,014Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _116\"> </span>-<span class=\"_ _19a\"> </span>-411<span class=\"_ _1cc\"> </span>-1<span class=\"_ _50\"> </span>-412Depreci<span class=\"_ _0\"></span>ation trans<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1a3\"> </span>-6<span class=\"_ _0\"></span>92<span class=\"_ _194\"> </span>-1,6<span class=\"_ _8\"></span>14<span class=\"_ _50\"> </span>-199<span class=\"_ _48\"> </span>-2,505Impairment tr<span class=\"_ _8\"></span>ansferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _90\"> </span>-15<span class=\"_ _155\"> </span>-410<span class=\"_ _d8\"> </span>15<span class=\"_ _155\"> </span>-410Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _17f\"> </span>102<span class=\"_ _64\"> </span>3,157<span class=\"_ _7a\"> </span><span class=\"ls2c ws49\">207<span class=\"_ _194\"> </span></span>3,466Acc. depreci<span class=\"_ _0\"></span>ation and impairment lo<span class=\"_ _0\"></span>sses at 3<span class=\"_ _0\"></span>1.12 <span class=\"_ _8f\"> </span>27,314<span class=\"_ _45\"> </span>364,715<span class=\"_ _48\"> </span>16,410<span class=\"_ _40\"> </span>408,439Carrying amount 31.12<span class=\"_ _97\"> </span>14,211<span class=\"_ _22\"> </span>167,900<span class=\"_ _194\"> </span>4,314<span class=\"_ _41\"> </span>186,426The leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s and commitment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>on filling m<span class=\"_ _0\"></span>achines r<span class=\"_ _8\"></span>ent<span class=\"_ _0\"></span>ed to c<span class=\"_ _0\"></span>ust<span class=\"_ _8\"></span>omers as w<span class=\"_ _0\"></span>ell as t<span class=\"_ _0\"></span>he lease e<span class=\"_ _8\"></span>xpenses and commit<span class=\"_ _0\"></span>ments f<span class=\"_ _8\"></span>or equipment leased and u<span class=\"_ _0\"></span>sed in our pr<span class=\"_ _0\"></span>oduction ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>closed in Not<span class=\"_ _8\"></span>e 12.The Compan<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s not pledged pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipmen<span class=\"_ _0\"></span>t as sec<span class=\"_ _0\"></span>urity for liabilitie<span class=\"_ _0\"></span>s.Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t specified by g<span class=\"_ _0\"></span>eogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>ea2021<span class=\"_ _1be\"></span><span class=\"ff3\">(EUR 1,000)<span class=\"_ _1bf\"> </span><span class=\"ff2\">2022</span></span>Canada<span class=\"_ _1c0\"> </span> 28,485 <span class=\"_ _47\"> </span> 26,738Denmark<span class=\"_ _e1\"> </span> 25,9<span class=\"_ _8\"></span>40 <span class=\"_ _7f\"> </span> 27,9<span class=\"_ _8\"></span>47German<span class=\"_ _0\"></span>y<span class=\"_ _e1\"> </span> 6<span class=\"_ _0\"></span>9,025 <span class=\"_ _c8\"> </span> 68,550India<span class=\"_ _1c1\"> </span> 9,9<span class=\"_ _8\"></span>44 <span class=\"_ _d2\"> </span>-Moroc<span class=\"_ _0\"></span>co<span class=\"_ _1c2\"> </span> 6,508 <span class=\"_ _d2\"> </span>-Netherland<span class=\"_ _0\"></span>s<span class=\"_ _1c3\"> </span> 44,547 <span class=\"_ _12c\"> </span> 42,7<span class=\"_ _8\"></span>65Norway<span class=\"_ _d1\"> </span> 3,097 <span class=\"_ _50\"> </span> 4,131Russia<span class=\"_ _1c4\"> </span>-<span class=\"_ _155\"> </span> 7,290Saudi Arabi<span class=\"_ _0\"></span>a<span class=\"_ _f8\"> </span> 3,555 <span class=\"_ _c3\"> </span>-Ukr<span class=\"_ _0\"></span>aine<span class=\"_ _1c5\"> </span> 3,281 <span class=\"_ _118\"> </span> 8,566United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _1aa\"> </span> 7,325 <span class=\"_ _1af\"> </span>237Other<span class=\"_ _1c6\"> </span>267 <span class=\"_ _163\"> </span>203To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _149\"> </span>201,975<span class=\"_ _48\"> </span>186,426The split by geo<span class=\"_ _0\"></span>graphical ar<span class=\"_ _8\"></span>ea is based on the juri<span class=\"_ _0\"></span>sdiction of legal owner<span class=\"_ _8\"></span>.126<span class=\"_ _103\"> </span><span class=\"ff8 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 11 \u2013 Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Other off-bal<span class=\"_ _0\"></span>ance sheet commitmen<span class=\"_ _0\"></span>ts and contin<span class=\"_ _0\"></span>gencies(EUR 1,000)<span class=\"_ _1cd\"> </span>2022<span class=\"_ _108\"> </span>2021Commitments f<span class=\"_ _8\"></span>or the acquisition of property, pl<span class=\"_ _0\"></span>ant and equipment<span class=\"_ _17b\"> </span><span class=\"ls1 ws1\">1<span class=\"_ _a\"></span>2<span class=\"_ _a\"></span>69<span class=\"_ _ca\"> </span></span> 2,145Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup as a les<span class=\"_ _0\"></span>seeThe Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>es a right<span class=\"_ _0\"></span>-of-use a<span class=\"_ _0\"></span>sset and a corr<span class=\"_ _8\"></span>espondin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e liability with r<span class=\"_ _0\"></span>espect t<span class=\"_ _0\"></span>o all lease arr<span class=\"_ _8\"></span>angement<span class=\"_ _0\"></span>s in which it is t<span class=\"_ _0\"></span>he less<span class=\"_ _0\"></span>ee, ex<span class=\"_ _8\"></span>cept f<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es and lea<span class=\"_ _0\"></span>ses of low value a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es and lea<span class=\"_ _0\"></span>ses of lo<span class=\"_ _0\"></span>w value as<span class=\"_ _0\"></span>sets, t<span class=\"_ _0\"></span>he Group r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>es the lea<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>ments as an oper<span class=\"_ _8\"></span>ating e<span class=\"_ _0\"></span>xpense on a st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-line ba<span class=\"_ _0\"></span>sis ov<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>erm of the leas<span class=\"_ _0\"></span>e unless anot<span class=\"_ _0\"></span>her sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>atic basi<span class=\"_ _0\"></span>s is mor<span class=\"_ _8\"></span>e repr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>ative of the time patt<span class=\"_ _8\"></span>ern in which economic benefits f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he leased a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>onsumed.As a pr<span class=\"_ _0\"></span>actical e<span class=\"_ _0\"></span>xpedient, IFR<span class=\"_ _0\"></span>S 16 permits a le<span class=\"_ _0\"></span>ssee not t<span class=\"_ _8\"></span>o separ<span class=\"_ _0\"></span>ate non-lea<span class=\"_ _0\"></span>se component<span class=\"_ _0\"></span>s and inst<span class=\"_ _8\"></span>ead account f<span class=\"_ _0\"></span>or any le<span class=\"_ _0\"></span>ase and a<span class=\"_ _0\"></span>ssociat<span class=\"_ _8\"></span>ed non-lease component<span class=\"_ _0\"></span>s as a single ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gement. The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s applied this pr<span class=\"_ _8\"></span>actical e<span class=\"_ _0\"></span>xpedient t<span class=\"_ _0\"></span>o all clas<span class=\"_ _0\"></span>ses of righ<span class=\"_ _0\"></span>t-of-us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ept f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>ent of building<span class=\"_ _0\"></span>s.The Gr<span class=\"_ _0\"></span>oup as a les<span class=\"_ _0\"></span>sorThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to lea<span class=\"_ _0\"></span>se agr<span class=\"_ _8\"></span>eements as a le<span class=\"_ _0\"></span>ssor wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>espect t<span class=\"_ _8\"></span>o filling machine<span class=\"_ _0\"></span>s placed with c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers. The<span class=\"_ _0\"></span>se lea<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e clas<span class=\"_ _0\"></span>sified as finance or oper<span class=\"_ _8\"></span>ating leas<span class=\"_ _0\"></span>es. Whenev<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>erms of the lea<span class=\"_ _0\"></span>se tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er subs<span class=\"_ _0\"></span>tantially all t<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ewar<span class=\"_ _8\"></span>ds of owners<span class=\"_ _0\"></span>hip to t<span class=\"_ _0\"></span>he less<span class=\"_ _0\"></span>ee, the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act is cla<span class=\"_ _0\"></span>ssified as a fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e. All other lea<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e classified a<span class=\"_ _0\"></span>s oper<span class=\"_ _0\"></span>ating leas<span class=\"_ _0\"></span>es.See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or impairment of non-fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets accountin<span class=\"_ _0\"></span>g policy<span class=\"_ _0\"></span>.127Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>1. The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>sor - oper<span class=\"_ _0\"></span>ating lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>sThe Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es out filling m<span class=\"_ _0\"></span>achines under oper<span class=\"_ _8\"></span>ating lease<span class=\"_ _0\"></span>s. R<span class=\"_ _0\"></span>ental income w<span class=\"_ _0\"></span>as EUR 9,326 thou<span class=\"_ _0\"></span>sand in 2022, compar<span class=\"_ _8\"></span>ed to EUR 9,168 t<span class=\"_ _0\"></span>housand in 2021. L<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>ms ar<span class=\"_ _0\"></span>e between 1 year t<span class=\"_ _0\"></span>o 10 year<span class=\"_ _0\"></span>s. Options t<span class=\"_ _0\"></span>o ext<span class=\"_ _8\"></span>end the leas<span class=\"_ _0\"></span>e term or pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e the leas<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>eflects mar<span class=\"_ _0\"></span>ket conditions at t<span class=\"_ _0\"></span>he time of ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>sing the op<span class=\"_ _0\"></span>tion.At the r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he Group h<span class=\"_ _0\"></span>as f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e minimum lease r<span class=\"_ _8\"></span>eceivables as f<span class=\"_ _8\"></span>ollows (undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed)(EUR 1,000)<span class=\"_ _1bf\"> </span>2022<span class=\"_ _df\"> </span>2021Due within year 1<span class=\"_ _1ce\"> </span>11,2<span class=\"_ _0\"></span>42<span class=\"_ _7a\"> </span>7,6<span class=\"_ _0\"></span>79Due within year 2<span class=\"_ _1cf\"> </span>9,159<span class=\"_ _73\"> </span>6,7<span class=\"_ _0\"></span>00Due within year 3<span class=\"_ _1d0\"> </span>7,863<span class=\"_ _7a\"> </span>5,150Due within year 4<span class=\"_ _1ce\"> </span>6,519<span class=\"_ _62\"> </span>4,106Due within year 5<span class=\"_ _1d1\"> </span>4,509<span class=\"_ _df\"> </span>2,971Due after year 5<span class=\"_ _1aa\"> </span>8,330<span class=\"_ _73\"> </span>6,505To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1d2\"> </span>47,621<span class=\"_ _64\"> </span>33,1132. The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>sor - fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e receiv<span class=\"_ _0\"></span>ables The Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es out filling m<span class=\"_ _0\"></span>achines under fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>es. Gener<span class=\"_ _0\"></span>ally<span class=\"_ _8\"></span>, lease t<span class=\"_ _0\"></span>erms ar<span class=\"_ _8\"></span>e between 5 year<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o 10 year<span class=\"_ _0\"></span>s. Options t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>xtend or pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e the leas<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et will normally r<span class=\"_ _8\"></span>eflect mark<span class=\"_ _8\"></span>et pricing.Amounts r<span class=\"_ _8\"></span>eceivable under finance le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s (undiscoun<span class=\"_ _0\"></span>ted)(EUR 1,000)<span class=\"_ _1bf\"> </span>2022<span class=\"_ _df\"> </span>2021Due within year 1<span class=\"_ _1cf\"> </span>2,648<span class=\"_ _108\"> </span>4,843Due within year 2<span class=\"_ _1d3\"> </span>1,87<span class=\"_ _0\"></span>0<span class=\"_ _4e\"> </span>2,17<span class=\"_ _0\"></span>8Due within year 3<span class=\"_ _1ce\"> </span>1,302<span class=\"_ _df\"> </span>1,37<span class=\"_ _0\"></span>8Due within year 4<span class=\"_ _1aa\"> </span>1,213<span class=\"_ _66\"> </span>833Due within year 5<span class=\"_ _1d4\"> </span>804<span class=\"_ _109\"> </span><span class=\"ls2c ws49\">754</span>Due after year 5<span class=\"_ _1d5\"> </span>2,345<span class=\"_ _df\"> </span>1,770T<span class=\"_ _1\"></span>otal receiv<span class=\"_ _0\"></span>ables under finance lea<span class=\"_ _0\"></span>ses, undis<span class=\"_ _0\"></span>counted<span class=\"_ _98\"> </span>10,181<span class=\"_ _14f\"> </span>11,756Unearned finance income<span class=\"_ _5f\"> </span>2,162<span class=\"_ _6d\"> </span>1,536T<span class=\"_ _1\"></span>otal receiv<span class=\"_ _0\"></span>ables under finance lea<span class=\"_ _0\"></span>ses, dis<span class=\"_ _0\"></span>counted<span class=\"_ _87\"> </span>8,020<span class=\"_ _142\"> </span>10,220128<span class=\"_ _ed\"> </span><span class=\"ff8\">Elopak</span>Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>Ther<span class=\"_ _0\"></span>e is no impairmen<span class=\"_ _0\"></span>t loss allo<span class=\"_ _0\"></span>wance r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed to the fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivables in 2<span class=\"_ _0\"></span>022 and 2021. Cr<span class=\"_ _8\"></span>edit risk r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o the filling m<span class=\"_ _0\"></span>achine lease a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eements i<span class=\"_ _0\"></span>s consider<span class=\"_ _0\"></span>ed insignific<span class=\"_ _0\"></span>ant due t<span class=\"_ _0\"></span>o right t<span class=\"_ _0\"></span>o requir<span class=\"_ _8\"></span>e ret<span class=\"_ _8\"></span>urn of the machine in c<span class=\"_ _0\"></span>ase of def<span class=\"_ _8\"></span>ault. The aver<span class=\"_ _8\"></span>age eff<span class=\"_ _0\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ed is appr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ximat<span class=\"_ _8\"></span>ely 4.59% per annum.The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>seeThe Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>ets including buildin<span class=\"_ _0\"></span>gs, plant<span class=\"_ _0\"></span>s, car<span class=\"_ _0\"></span>s and filling machine<span class=\"_ _0\"></span>s.Right-of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sets(EUR 1,000)Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty and Office andDecember 31, 2022buildings<span class=\"_ _c8\"> </span>Mach<span class=\"_ _0\"></span>iner<span class=\"_ _a\"></span>y transpor<span class=\"_ _a\"></span>t<span class=\"_ _c3\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _a\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _170\"> </span>38,652<span class=\"_ _6f\"> </span>12,986<span class=\"_ _b5\"> </span>11,314<span class=\"_ _1cc\"> </span>62,952Additions and adjus<span class=\"_ _0\"></span>tments<span class=\"_ _1d6\"> </span>22,258<span class=\"_ _1cb\"> </span>6,307<span class=\"_ _c3\"> </span>3,27<span class=\"_ _0\"></span>8<span class=\"_ _6f\"> </span>31,842Disposals<span class=\"_ _c2\"> </span>-3,956<span class=\"_ _12d\"> </span>-28<span class=\"_ _a0\"> </span>-100<span class=\"_ _d8\"> </span>-4,084Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1d7\"> </span>-4,806<span class=\"_ _104\"> </span>-5,288<span class=\"_ _104\"> </span>-3,823<span class=\"_ _109\"> </span>-13,918Impairment los<span class=\"_ _0\"></span>ses<span class=\"_ _175\"> </span>-<span class=\"_ _dc\"> </span>-8<span class=\"_ _1bd\"> </span>-<span class=\"_ _199\"> </span>-8Carrying amount at 31.12<span class=\"_ _1d8\"> </span>52,148<span class=\"_ _d8\"> </span>13,968<span class=\"_ _d4\"> </span>10,668<span class=\"_ _e7\"> </span>7<span class=\"_ _8\"></span>6,784Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty and Office andDecember 31, 2021buildings<span class=\"_ _c8\"> </span>Mach<span class=\"_ _0\"></span>iner<span class=\"_ _a\"></span>y transpor<span class=\"_ _a\"></span>t<span class=\"_ _c3\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _a\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _1d9\"> </span>42,502<span class=\"_ _e8\"> </span>15,645<span class=\"_ _c3\"> </span>11,123<span class=\"_ _104\"> </span>6<span class=\"_ _0\"></span>9,27<span class=\"_ _0\"></span>0Additions and adjus<span class=\"_ _0\"></span>tments<span class=\"_ _191\"> </span>1,458<span class=\"_ _b5\"> </span>3,010<span class=\"_ _d2\"> </span>4,162<span class=\"_ _9f\"> </span>8,630Disposals<span class=\"_ _88\"> </span>-233<span class=\"_ _b1\"> </span>-164<span class=\"_ _a2\"> </span>-213<span class=\"_ _ac\"> </span>-6<span class=\"_ _0\"></span>10Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1ba\"> </span>-5,075<span class=\"_ _1cc\"> </span>-5,505<span class=\"_ _18b\"> </span>-3,758<span class=\"_ _da\"> </span>-14,338Carrying amount at 31.12<span class=\"_ _1d6\"> </span>38,652<span class=\"_ _1cc\"> </span>12,986<span class=\"_ _ef\"> </span>11,314<span class=\"_ _d4\"> </span>62,952129Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s no significant pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e options e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om one pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e option r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the High Bay war<span class=\"_ _8\"></span>ehouse lea<span class=\"_ _0\"></span>se agr<span class=\"_ _8\"></span>eement commenced in Nov<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>, 2022. This pur<span class=\"_ _8\"></span>chase op<span class=\"_ _0\"></span>tion can be e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cised in 2<span class=\"_ _0\"></span>042 and pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price is m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et value at e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cise d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. An ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>se of the pur<span class=\"_ _8\"></span>chase <span class=\"_ _0\"></span>option is not con<span class=\"_ _0\"></span>sidered t<span class=\"_ _8\"></span>o be re<span class=\"_ _0\"></span>ason<span class=\"_ _0\"></span>ably cer<span class=\"_ _a\"></span>tain, hence it i<span class=\"_ _0\"></span>s not r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed. Net additions in 2022 include EUR -3,955 t<span class=\"_ _0\"></span>housand r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ations in R<span class=\"_ _0\"></span>ussia, other t<span class=\"_ _8\"></span>erminations in 2<span class=\"_ _0\"></span>022 and 2021 ar<span class=\"_ _8\"></span>e less th<span class=\"_ _0\"></span>an 1% of the righ<span class=\"_ _0\"></span>t of use a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s. The gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s additions t<span class=\"_ _0\"></span>o right-of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sets, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cluding adjus<span class=\"_ _0\"></span>tments t<span class=\"_ _8\"></span>o exi<span class=\"_ _0\"></span>sting con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>acts, wer<span class=\"_ _8\"></span>e EUR 29,388 thousand in 2022 and EUR 4,460 thou<span class=\"_ _0\"></span>sand in 2021. The e<span class=\"_ _8\"></span>xpired and t<span class=\"_ _8\"></span>erminat<span class=\"_ _0\"></span>ed contr<span class=\"_ _8\"></span>acts in 2022 wer<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eplaced b<span class=\"_ _0\"></span>y new lease<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or similar underlyin<span class=\"_ _0\"></span>g ass<span class=\"_ _0\"></span>ets.Expense<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e EUR 350 thousand in 2<span class=\"_ _0\"></span>022 and EUR 105 thousand in 2021. Expens<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o low value as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e EUR 615 t<span class=\"_ _0\"></span>housand in 2<span class=\"_ _0\"></span>022 and EUR 772  <span class=\"_ _23\"></span>thousand in 2021. Expens<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o variable pay<span class=\"_ _0\"></span>ments not included in t<span class=\"_ _0\"></span>he measur<span class=\"_ _8\"></span>ement of lease  <span class=\"_ _23\"></span>liabilities ar<span class=\"_ _0\"></span>e EUR 98 thous<span class=\"_ _0\"></span>and in 2022 and EUR 218 thou<span class=\"_ _0\"></span>sand in 2021.The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s signed contr<span class=\"_ _8\"></span>acts f<span class=\"_ _0\"></span>or tet<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ed Cap lines with a lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>erm of 5 year<span class=\"_ _0\"></span>s and a nominal value of EUR 45,284 t<span class=\"_ _0\"></span>housand, which will commence at diff<span class=\"_ _8\"></span>eren<span class=\"_ _0\"></span>t stag<span class=\"_ _0\"></span>es during 2<span class=\"_ _0\"></span>023 and Q1 202<span class=\"_ _8\"></span>4.Lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _1da\"> </span>2022<span class=\"_ _df\"> </span>2021Curr<span class=\"_ _0\"></span>ent Leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _1db\"> </span>Note 2<span class=\"_ _0\"></span>6,29<span class=\"_ _73\"> </span>17,139<span class=\"_ _ca\"> </span> 18,26<span class=\"_ _0\"></span>1Non-curr<span class=\"_ _0\"></span>ent lease li<span class=\"_ _0\"></span>abilities<span class=\"_ _19e\"> </span>Not<span class=\"_ _8\"></span>e 26,29<span class=\"_ _c4\"> </span>73,536<span class=\"_ _7f\"> </span> 62,342To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1dc\"> </span>90,67<span class=\"_ _1\"></span>4<span class=\"_ _48\"> </span> 80,604At the r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he Group h<span class=\"_ _0\"></span>as lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s as f<span class=\"_ _0\"></span>ollows (undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed)(EUR 1,000)<span class=\"_ _1bf\"> </span>2022<span class=\"_ _df\"> </span>2021Due within year 1<span class=\"_ _1d1\"> </span>20,751<span class=\"_ _64\"> </span>18,905Due within year 2<span class=\"_ _1dd\"> </span>20,449<span class=\"_ _108\"> </span>14,515Due within year 3<span class=\"_ _1de\"> </span>14,208<span class=\"_ _64\"> </span>15,206Due within year 4<span class=\"_ _f7\"> </span>12,282<span class=\"_ _73\"> </span>8,7<span class=\"_ _0\"></span>00Due within year 5<span class=\"_ _1df\"> </span>10,381<span class=\"_ _19a\"> </span>7,889Due after year 5<span class=\"_ _1e0\"> </span>75,623<span class=\"_ _64\"> </span>41,989To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _149\"> </span>153,69<span class=\"_ _8\"></span>4<span class=\"_ _48\"> </span>107,20<span class=\"_ _0\"></span>3130ElopakNot<span class=\"_ _0\"></span>e 13 - Impairmen<span class=\"_ _0\"></span>t Ukr<span class=\"_ _8\"></span>aineDue t<span class=\"_ _0\"></span>o the war in Uk<span class=\"_ _0\"></span>raine, Elop<span class=\"_ _0\"></span>ak sus<span class=\"_ _0\"></span>pended all activities in R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>a, and r<span class=\"_ _0\"></span>estarted oper<span class=\"_ _8\"></span>ations in Ukr<span class=\"_ _8\"></span>aine af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er a tempor<span class=\"_ _8\"></span>ar<span class=\"_ _a\"></span>y close-down, in Mar<span class=\"_ _8\"></span>ch 2022. Consequen<span class=\"_ _0\"></span>tly<span class=\"_ _8\"></span>, the Gr<span class=\"_ _0\"></span>oup has t<span class=\"_ _8\"></span>est<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets in Ukr<span class=\"_ _8\"></span>aine for imp<span class=\"_ _0\"></span>airment and r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed an impairment lo<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>hrough t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome. Ukr<span class=\"_ _0\"></span>aine is included in t<span class=\"_ _0\"></span>he operatin<span class=\"_ _0\"></span>g segmen<span class=\"_ _0\"></span>t EMEA. T<span class=\"_ _f\"></span>otal impairment of the Uk<span class=\"_ _0\"></span>raine oper<span class=\"_ _8\"></span>ations as per December 3<span class=\"_ _0\"></span>1 amount<span class=\"_ _0\"></span>ed to EUR 7,889 t<span class=\"_ _0\"></span>housand.The impairment lo<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s calcul<span class=\"_ _0\"></span>ated u<span class=\"_ _0\"></span>sing a weight<span class=\"_ _8\"></span>ed aver<span class=\"_ _8\"></span>age of possible s<span class=\"_ _0\"></span>cenario<span class=\"_ _0\"></span>s including continuin<span class=\"_ _0\"></span>g operation<span class=\"_ _0\"></span>s and closing oper<span class=\"_ _8\"></span>ations.The R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an operation i<span class=\"_ _0\"></span>s clas<span class=\"_ _0\"></span>sified as di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ations and all asset<span class=\"_ _0\"></span>s and liabilities r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the R<span class=\"_ _8\"></span>ussian oper<span class=\"_ _8\"></span>ation wer<span class=\"_ _0\"></span>e deconsolid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he Elopak cons<span class=\"_ _0\"></span>olidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements due t<span class=\"_ _0\"></span>o loss of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol on July 15. See  Disc<span class=\"_ _0\"></span>ontinued oper<span class=\"_ _0\"></span>ations.Due t<span class=\"_ _0\"></span>o the cir<span class=\"_ _0\"></span>cums<span class=\"_ _0\"></span>tances in Uk<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aine the impairment <span class=\"_ _0\"></span>asse<span class=\"_ _0\"></span>ssmen<span class=\"_ _0\"></span>t has been upd<span class=\"_ _0\"></span>ated at <span class=\"_ _0\"></span>the end of each quar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>. No defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he oper<span class=\"_ _0\"></span>ations in Ukr<span class=\"_ _8\"></span>aine. After impairmen<span class=\"_ _0\"></span>t, the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t of Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipment i<span class=\"_ _0\"></span>s EUR 3,111 thou<span class=\"_ _0\"></span>sand, while all ot<span class=\"_ _0\"></span>her non-curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e writt<span class=\"_ _0\"></span>en down t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of z<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>o.Eff<span class=\"_ _0\"></span>ect of impairment(EUR 1,000)ASSETS<span class=\"_ _1e2\"> </span> December 31, 2022Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _1e3\"> </span><span class=\"lsb ws8c\">-26</span>Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _1e4\"> </span>-1,555Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _1e5\"> </span>-4,155Right-of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s<span class=\"_ _1e6\"> </span>-8T<span class=\"_ _1\"></span>otal non - curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _1e7\"> </span>-5,7<span class=\"_ _1\"></span>44Curren<span class=\"_ _0\"></span>t assetsInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _1e8\"> </span>-1,883T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _1e9\"> </span>-32Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _182\"> </span>-230T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _1ea\"> </span>-2,145T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s<span class=\"_ _1eb\"> </span>-7,889131Not<span class=\"_ _0\"></span>e 13 - Impairmen<span class=\"_ _0\"></span>t Ukr<span class=\"_ _8\"></span>aine <span class=\"fc3\">continued</span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended (EUR 1,000)December 31Comprehensiv<span class=\"_ _0\"></span>e income<span class=\"_ _1dc\"> </span>2022Cost of m<span class=\"_ _0\"></span>aterials<span class=\"_ _1ec\"> </span>2,079Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tisation and imp<span class=\"_ _0\"></span>airment<span class=\"_ _1ed\"> </span>4,189Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _17e\"> </span><span class=\"lsb2 ws1d2\">67</span>Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _1ee\"> </span>6,335Income tax<span class=\"_ _1ef\"> </span>1,554Pr<span class=\"_ _0\"></span>ofit<span class=\"_ _a\"></span>/loss<span class=\"_ _1f0\"> </span>7,889Not<span class=\"_ _0\"></span>e 14 - Other oper<span class=\"_ _8\"></span>ating e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>sY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _1f1\"> </span>2022<span class=\"_ _df\"> </span>2021Sales and adminis<span class=\"_ _0\"></span>tration e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1f2\"> </span>6,908<span class=\"_ _69\"> </span>5,865Occupancy and m<span class=\"_ _0\"></span>ainten<span class=\"_ _0\"></span>ance expense<span class=\"_ _0\"></span>s<span class=\"_ _1f3\"> </span>4,907<span class=\"_ _108\"> </span>4,033T<span class=\"_ _1\"></span>ravel e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1d5\"> </span>8,660<span class=\"_ _13c\"> </span>4,835Los<span class=\"_ _0\"></span>ses and chan<span class=\"_ _0\"></span>ges in allowanc<span class=\"_ _0\"></span>e for bad debt<span class=\"_ _1f4\"> </span><span class=\"ls5a wsaa\">920<span class=\"_ _66\"> </span></span>383Consultant<span class=\"_ _0\"></span>s, auditor<span class=\"_ _0\"></span>s, lawyers, et<span class=\"_ _0\"></span>c<span class=\"_ _1f5\"> </span>17,759<span class=\"_ _ca\"> </span>15,643IT e<span class=\"_ _0\"></span>xpenses<span class=\"_ _f8\"> </span>10,332<span class=\"_ _55\"> </span>11,095Other e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1f6\"> </span>6,271<span class=\"_ _6b\"> </span>5,16<span class=\"_ _0\"></span>9To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2\"> </span> <span class=\"_ _1f7\"> </span>55,757<span class=\"_ _84\"> </span>47,023Not<span class=\"_ _0\"></span>e 15 - F<span class=\"_ _0\"></span>ees t<span class=\"_ _8\"></span>o ext<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al auditor<span class=\"_ _8\"></span>sPWC w<span class=\"_ _0\"></span>as elect<span class=\"_ _0\"></span>ed as the principal audit<span class=\"_ _8\"></span>or for 2<span class=\"_ _0\"></span>019, while some Gr<span class=\"_ _0\"></span>oup companie<span class=\"_ _0\"></span>s are audit<span class=\"_ _8\"></span>ed by ot<span class=\"_ _0\"></span>her audit firms.Expens<span class=\"_ _0\"></span>ed fee<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _1b9\"> </span>Y<span class=\"_ _8\"></span>ear t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e ended December 31, 2022Other ass<span class=\"_ _0\"></span>urance Other non-auditAudit f<span class=\"_ _8\"></span>eeservices<span class=\"_ _f9\"> </span>T<span class=\"_ _1\"></span>ax servicesservices <span class=\"_ _66\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>PWC<span class=\"_ _1f8\"> </span> 840 <span class=\"_ _d2\"> </span> 33 <span class=\"_ _12d\"> </span> 7 <span class=\"_ _1f9\"> </span> 42 <span class=\"_ _ef\"> </span> 922Others<span class=\"_ _1fa\"> </span> 117 <span class=\"_ _aa\"> </span> 3 <span class=\"_ _c3\"> </span> 118 <span class=\"_ _aa\"> </span> - <span class=\"_ _ef\"> </span> 238To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1fb\"> </span> 957 <span class=\"_ _d2\"> </span> 36 <span class=\"_ _1fc\"> </span> 125 <span class=\"_ _d2\"> </span> 42 <span class=\"_ _da\"> </span> 1,159132ElopakNot<span class=\"_ _0\"></span>e 15 - F<span class=\"_ _0\"></span>ees t<span class=\"_ _8\"></span>o ext<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al auditor<span class=\"_ _8\"></span>s <span class=\"fc3\">continued</span>Expens<span class=\"_ _0\"></span>ed fee<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _1bc\"> </span>Y<span class=\"_ _8\"></span>ear t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e ended December 31, 2021Other ass<span class=\"_ _0\"></span>urance Other non-auditAudit f<span class=\"_ _8\"></span>eeservices<span class=\"_ _f9\"> </span>T<span class=\"_ _1\"></span>ax servicesservices <span class=\"_ _66\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>PWC<span class=\"_ _1fd\"> </span> 716 <span class=\"_ _6f\"> </span><span class=\"ls5 wsd\"> 39<span class=\"_ _a\"></span>6 <span class=\"_ _b1\"> </span></span> 13 <span class=\"_ _1f9\"> </span> 59 <span class=\"_ _109\"> </span> 1,185Others<span class=\"_ _1fe\"> </span> 172 <span class=\"_ _ac\"> </span> 13 <span class=\"_ _c6\"> </span> 104 <span class=\"_ _aa\"> </span> 3 <span class=\"_ _ef\"> </span> 292To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1ff\"> </span> 888 <span class=\"_ _104\"> </span> 409 <span class=\"_ _71\"> </span> 117 <span class=\"_ _1f9\"> </span><span class=\"ls5a wsaa\"> 62 <span class=\"_ _6b\"> </span></span> 1, 477Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyA joint v<span class=\"_ _0\"></span>entu<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>s a cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual arran<span class=\"_ _0\"></span>gement wher<span class=\"_ _8\"></span>eby the Gr<span class=\"_ _8\"></span>oup and other parties under<span class=\"_ _a\"></span>tak<span class=\"_ _8\"></span>e an economic activity that i<span class=\"_ _0\"></span>s subject t<span class=\"_ _0\"></span>o joint con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol; that i<span class=\"_ _0\"></span>s when the st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ategic fin<span class=\"_ _0\"></span>ancial and oper<span class=\"_ _0\"></span>ating policy decision<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>elating t<span class=\"_ _8\"></span>o the activities r<span class=\"_ _8\"></span>equire the un<span class=\"_ _0\"></span>animous cons<span class=\"_ _0\"></span>ent of the par<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s sharing c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol.The r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets and liabilities of <span class=\"_ _0\"></span>a joint vent<span class=\"_ _8\"></span>ure compan<span class=\"_ _8\"></span>y are incorpor<span class=\"_ _8\"></span>ated in t<span class=\"_ _0\"></span>hese financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he equity method of accountin<span class=\"_ _0\"></span>g. Under the equity met<span class=\"_ _0\"></span>hod,inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in ass<span class=\"_ _0\"></span>ociate<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e carried in t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement of financial po<span class=\"_ _0\"></span>sition at cos<span class=\"_ _0\"></span>t as adjust<span class=\"_ _8\"></span>ed for po<span class=\"_ _0\"></span>st-acqui<span class=\"_ _0\"></span>sition chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's shar<span class=\"_ _8\"></span>e of the net ass<span class=\"_ _0\"></span>ets of the equity inves<span class=\"_ _0\"></span>tee. The s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>t of compr<span class=\"_ _0\"></span>ehensive income r<span class=\"_ _8\"></span>eflects the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ults of oper<span class=\"_ _0\"></span>ations of the a<span class=\"_ _0\"></span>ssociat<span class=\"_ _8\"></span>e (net af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er tax). An<span class=\"_ _0\"></span>y ex<span class=\"_ _8\"></span>cess of t<span class=\"_ _0\"></span>he cost of acqui<span class=\"_ _0\"></span>sition ov<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup's shar<span class=\"_ _8\"></span>e of the net f<span class=\"_ _8\"></span>air value of the iden<span class=\"_ _0\"></span>tifiable as<span class=\"_ _0\"></span>sets, liabil<span class=\"_ _0\"></span>ities and contin<span class=\"_ _0\"></span>gent li<span class=\"_ _0\"></span>abilities of the joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at the dat<span class=\"_ _8\"></span>e of acquisition is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed as goodwill. The goodwill i<span class=\"_ _0\"></span>s included within the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>tment and is a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssed f<span class=\"_ _8\"></span>or impairment a<span class=\"_ _0\"></span>s par<span class=\"_ _a\"></span>t of the inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ment. After application of t<span class=\"_ _0\"></span>he equity method the Gr<span class=\"_ _0\"></span>oupdet<span class=\"_ _0\"></span>ermines whether it i<span class=\"_ _0\"></span>s neces<span class=\"_ _0\"></span>sar<span class=\"_ _a\"></span>y t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>e an additional impair<span class=\"_ _0\"></span>ment on the individual inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s. The Gr<span class=\"_ _0\"></span>oup determine<span class=\"_ _0\"></span>s if ther<span class=\"_ _8\"></span>e are indication<span class=\"_ _0\"></span>s of impairment, and if t<span class=\"_ _0\"></span>his is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e, the Gr<span class=\"_ _8\"></span>oup calculat<span class=\"_ _8\"></span>es the impairmen<span class=\"_ _0\"></span>t loss a<span class=\"_ _0\"></span>s the diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount of the join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e and it's carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g value.133Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>The inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in the joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es specified belo<span class=\"_ _0\"></span>w ha<span class=\"_ _0\"></span>ve been accoun<span class=\"_ _0\"></span>ted f<span class=\"_ _8\"></span>or in accor<span class=\"_ _0\"></span>dance with t<span class=\"_ _0\"></span>he equity method of accounting. L<span class=\"_ _0\"></span>ala Elopak S.A. de C.V. i<span class=\"_ _0\"></span>s a car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>oduction plant in Me<span class=\"_ _0\"></span>xico selling c<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons to Americ<span class=\"_ _0\"></span>as. Impr<span class=\"_ _8\"></span>esor<span class=\"_ _0\"></span>a Del Y<span class=\"_ _1\"></span>aque is a carton pr<span class=\"_ _8\"></span>oduction facility in the Dominic<span class=\"_ _0\"></span>an Republic al<span class=\"_ _0\"></span>so sellin<span class=\"_ _0\"></span>g car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons t<span class=\"_ _0\"></span>o Americas. Elop<span class=\"_ _0\"></span>ak Nampak Af<span class=\"_ _8\"></span>rica Limited i<span class=\"_ _0\"></span>s a sale<span class=\"_ _0\"></span>s centr<span class=\"_ _8\"></span>e in K<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ya, e<span class=\"_ _0\"></span>stablis<span class=\"_ _0\"></span>hed in 2020, sellin<span class=\"_ _0\"></span>g cartons t<span class=\"_ _8\"></span>o Africa. The inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ments ar<span class=\"_ _8\"></span>e joint vent<span class=\"_ _8\"></span>ure<span class=\"_ _0\"></span>s becaus<span class=\"_ _0\"></span>e the inve<span class=\"_ _0\"></span>stment partners h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e the same right<span class=\"_ _0\"></span>s and contr<span class=\"_ _8\"></span>ol in the companies.Inve<span class=\"_ _0\"></span>stment i<span class=\"_ _0\"></span>n joint ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es(EUR 1,000)Lala Elopak Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Elopak Nampak2022S.A. de C.V.Del Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _104\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _16\"></span>l</span>Ownership - and v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e<span class=\"_ _1a0\"> </span>49 %<span class=\"_ _9f\"> </span>51 %<span class=\"_ _104\"> </span>50 %Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _207\"> </span>19,390<span class=\"_ _1cc\"> </span>8,270<span class=\"_ _9f\"> </span>-133<span class=\"_ _da\"> </span>27,527Additions durin<span class=\"_ _0\"></span>g the year<span class=\"_ _c0\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _dc\"> </span>-Disposals<span class=\"_ _208\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-Income f<span class=\"_ _0\"></span>rom joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>e companies<span class=\"_ _8c\"> </span>2,665<span class=\"_ _6f\"> </span>1,824<span class=\"_ _c3\"> </span>-112<span class=\"_ _18b\"> </span>4,3<span class=\"_ _0\"></span>78Dividend rec<span class=\"_ _0\"></span>eived<span class=\"_ _209\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-Rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _0\"></span>o equity<span class=\"_ _20a\"> </span>-14<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _b1\"> </span>-14Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _20b\"> </span>2,16<span class=\"_ _0\"></span>9<span class=\"_ _b1\"> </span><span class=\"lsaf ws1bc\">613<span class=\"_ _20c\"> </span></span>-<span class=\"_ _18b\"> </span>2,7<span class=\"_ _0\"></span>83Carrying amount 31.12<span class=\"_ _170\"> </span>24,210<span class=\"_ _4e\"> </span>10,707<span class=\"_ _18b\"> </span>-244<span class=\"_ _6d\"> </span>34,673(EUR 1,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak2021de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _d4\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Ownership - and v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e<span class=\"_ _192\"> </span>49 %<span class=\"_ _ef\"> </span>51 %<span class=\"_ _d8\"> </span>50 %Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _200\"> </span>18,822<span class=\"_ _104\"> </span>8,135<span class=\"_ _115\"> </span>-<span class=\"_ _6b\"> </span>26,956Additions durin<span class=\"_ _0\"></span>g the year<span class=\"_ _201\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _202\"> </span>4<span class=\"_ _bc\"> </span>4Disposals<span class=\"_ _203\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _202\"> </span>-Income f<span class=\"_ _0\"></span>rom joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>e companies<span class=\"_ _204\"> </span>2,588<span class=\"_ _c6\"> </span>1,123<span class=\"_ _9f\"> </span>-137<span class=\"_ _d4\"> </span>3,575Dividend rec<span class=\"_ _0\"></span>eived<span class=\"_ _10d\"> </span>-3,17<span class=\"_ _1\"></span>6<span class=\"_ _77\"> </span>-1,790<span class=\"_ _115\"> </span>-<span class=\"_ _6d\"> </span>-4,965Rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _0\"></span>o equity<span class=\"_ _21\"> </span><span class=\"ls61 wsba\">27<span class=\"_ _115\"> </span></span>-<span class=\"_ _115\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ls61 wsba\">27</span>Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _205\"> </span>1,129<span class=\"_ _1f9\"> </span>801<span class=\"_ _115\"> </span>-<span class=\"_ _d8\"> </span>1,9<span class=\"_ _0\"></span>30Carrying amount 31.12<span class=\"_ _206\"> </span>19,390<span class=\"_ _75\"> </span>8,270<span class=\"_ _e8\"> </span>-133<span class=\"_ _6d\"> </span>27,527134ElopakNot<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>Summ<span class=\"_ _0\"></span>arized fin<span class=\"_ _0\"></span>ancial inf<span class=\"_ _8\"></span>ormation(EUR 1,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak2022de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _104\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _16\"></span>l</span>Re<span class=\"_ _0\"></span>venue<span class=\"_ _20d\"> </span>78,865<span class=\"_ _53\"> </span> 25,471 <span class=\"_ _b1\"> </span>63<span class=\"_ _55\"> </span>104,400Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _20e\"> </span>7,431<span class=\"_ _109\"> </span> 4,36<span class=\"_ _0\"></span>1 <span class=\"_ _1cc\"> </span>-208<span class=\"_ _d4\"> </span>11,584Pr<span class=\"_ _0\"></span>ofit after tax (los<span class=\"_ _0\"></span>s)<span class=\"_ _20f\"> </span>5,440<span class=\"_ _d4\"> </span> 3,577 <span class=\"_ _18b\"> </span>-22<span class=\"_ _8\"></span>4<span class=\"_ _18b\"> </span>8,79<span class=\"_ _8\"></span>4Other compr<span class=\"_ _0\"></span>ehensive income th<span class=\"_ _0\"></span>at may be r<span class=\"_ _0\"></span>eclas<span class=\"_ _0\"></span>sified 4,427<span class=\"_ _109\"> </span> 1,202 <span class=\"_ _bc\"> </span>-<span class=\"_ _109\"> </span>5,630to net incomeT<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income <span class=\"_ _210\"> </span>9,867<span class=\"_ _1af\"> </span> 4,780 <span class=\"_ _104\"> </span>-224<span class=\"_ _77\"> </span>14,423Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>s<span class=\"_ _211\"> </span>40,181<span class=\"_ _66\"> </span>21,572<span class=\"_ _ac\"> </span>188<span class=\"_ _da\"> </span>6<span class=\"_ _0\"></span>1,9<span class=\"_ _8\"></span>40Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _20b\"> </span>15,47<span class=\"_ _8\"></span>6<span class=\"_ _d8\"> </span>3,459<span class=\"_ _1b4\"> </span>1<span class=\"_ _1af\"> </span>18,9<span class=\"_ _8\"></span>36Curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _17a\"> </span>10,495<span class=\"_ _d8\"> </span>3,208<span class=\"_ _a7\"> </span>171<span class=\"_ _66\"> </span>13,87<span class=\"_ _1\"></span>4Non-curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _27\"> </span>2,499<span class=\"_ _115\"> </span>0<span class=\"_ _1f9\"> </span><span class=\"ls2c ws49\">507<span class=\"_ _66\"> </span></span>3,006E<span class=\"_ _0\"></span>quity<span class=\"_ _212\"> </span>42,663<span class=\"_ _1af\"> </span>21,823<span class=\"_ _6f\"> </span>-489<span class=\"_ _53\"> </span>63,997Group's sh<span class=\"_ _0\"></span>are of pr<span class=\"_ _0\"></span>ofit after tax /los<span class=\"_ _0\"></span>s (-)<span class=\"_ _162\"> </span>2,665<span class=\"_ _1cc\"> </span>1,824<span class=\"_ _1cb\"> </span>-112<span class=\"_ _109\"> </span>4,37<span class=\"_ _0\"></span>8(EUR 1,,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak2021de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _d8\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Re<span class=\"_ _0\"></span>venue<span class=\"_ _35\"> </span>58,996<span class=\"_ _75\"> </span>16,128<span class=\"_ _115\"> </span>-<span class=\"_ _da\"> </span>75,123Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _213\"> </span>6,834<span class=\"_ _d4\"> </span>2,602<span class=\"_ _c6\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _2\"> </span>2<span class=\"_ _16\"></span>74<span class=\"_ _9f\"> </span></span>9,161Pr<span class=\"_ _0\"></span>ofit after tax (los<span class=\"_ _0\"></span>s)<span class=\"_ _214\"> </span>5,282<span class=\"_ _d4\"> </span>2,203<span class=\"_ _c6\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _2\"> </span>2<span class=\"_ _16\"></span>74<span class=\"_ _71\"> </span></span>7,211Other compr<span class=\"_ _0\"></span>ehensive income th<span class=\"_ _0\"></span>at may be r<span class=\"_ _0\"></span>eclassified2,303<span class=\"_ _1fc\"> </span>1,571<span class=\"_ _115\"> </span>-<span class=\"_ _e7\"> </span>3,87<span class=\"_ _8\"></span>4to net incomeT<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income <span class=\"_ _215\"> </span>7,586<span class=\"_ _1cc\"> </span>3,773<span class=\"_ _1fc\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _16\"></span>2<span class=\"_ _2\"> </span>74<span class=\"_ _66\"> </span></span>11,085Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>s<span class=\"_ _20e\"> </span>33,055<span class=\"_ _8e\"> </span>14,624<span class=\"_ _d2\"> </span>106<span class=\"_ _163\"> </span>47,785Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _16e\"> </span>12,90<span class=\"_ _0\"></span>7<span class=\"_ _e8\"> </span>3,617<span class=\"_ _dc\"> </span>1<span class=\"_ _77\"> </span>16,524Curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _216\"> </span>9,750<span class=\"_ _d4\"> </span>2,025<span class=\"_ _217\"> </span>112<span class=\"_ _75\"> </span>11,888Non-curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _218\"> </span>2,109<span class=\"_ _115\"> </span>-<span class=\"_ _b5\"> </span><span class=\"lsb ws8c\">260<span class=\"_ _d8\"> </span></span>2,36<span class=\"_ _0\"></span>9E<span class=\"_ _0\"></span>quity<span class=\"_ _14e\"> </span>34,102<span class=\"_ _75\"> </span>16,216<span class=\"_ _6f\"> </span>-265<span class=\"_ _62\"> </span>50,053Group's sh<span class=\"_ _0\"></span>are of pr<span class=\"_ _0\"></span>ofit after tax /los<span class=\"_ _0\"></span>s (-)<span class=\"_ _8f\"> </span>2,588<span class=\"_ _104\"> </span>1,123<span class=\"_ _c6\"> </span>-137<span class=\"_ _66\"> </span>3,575135Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>V<span class=\"_ _8\"></span>oting share(Ownership/v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e)<span class=\"_ _219\"> </span>2022<span class=\"_ _df\"> </span>202149 %<span class=\"_ _12d\"> </span>49 %Lala Elopak S.A. de C.V.<span class=\"_ _10f\"> </span>49 %<span class=\"_ _7a\"> </span>49 %Impre<span class=\"_ _0\"></span>sora Del Y<span class=\"_ _1\"></span>aque<span class=\"_ _59\"> </span>51 %<span class=\"_ _4e\"> </span>51 %Elopak Nampak Af<span class=\"_ _8\"></span>rica Limited<span class=\"_ _21a\"> </span>50 %<span class=\"_ _62\"> </span>50 %Not<span class=\"_ _0\"></span>e 17 - Specification of fin<span class=\"_ _0\"></span>ancial income a<span class=\"_ _0\"></span>nd expen<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s Fina<span class=\"_ _0\"></span>ncial income<span class=\"_ _21b\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _21c\"> </span> 2022 <span class=\"_ _155\"> </span> 2021Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t income fr<span class=\"_ _0\"></span>om bank deposits<span class=\"_ _21d\"> </span><span class=\"lsb9 ws205\">782<span class=\"_ _66\"> </span></span>560Other int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st income<span class=\"_ _21e\"> </span>8,459<span class=\"_ _77\"> </span>-2<span class=\"_ _0\"></span>41Finance lea<span class=\"_ _0\"></span>se inter<span class=\"_ _8\"></span>est income<span class=\"_ _76\"> </span>6<span class=\"_ _a\"></span>37<span class=\"_ _104\"> </span><span class=\"ls3 wsc8\">831</span>Other financial inc<span class=\"_ _0\"></span>ome<span class=\"_ _21f\"> </span>428<span class=\"_ _66\"> </span><span class=\"ls7d ws110\">8<span class=\"_ _a\"></span>96</span>To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1dc\"> </span>10,305<span class=\"_ _155\"> </span>2,046Other Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st Income In 2022 Include<span class=\"_ _0\"></span>s gain f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate deriv<span class=\"_ _0\"></span>atives of EUR 8.3<span class=\"_ _8\"></span>99 thou<span class=\"ws0\">-</span>sand. In 2021 t<span class=\"_ _0\"></span>hese g<span class=\"_ _0\"></span>ains wer<span class=\"_ _0\"></span>e EUR 1.404 thou<span class=\"_ _0\"></span>sand, r<span class=\"_ _0\"></span>educing Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s to fin<span class=\"_ _0\"></span>ancial Instit<span class=\"_ _0\"></span>utions.Fina<span class=\"_ _0\"></span>ncial expen<span class=\"_ _0\"></span>ses<span class=\"_ _220\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _21c\"> </span> 2022 <span class=\"_ _155\"> </span> 2021Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _80\"> </span>5,658<span class=\"_ _6b\"> </span>1,553Other int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st expens<span class=\"_ _0\"></span>es<span class=\"_ _21e\"> </span>347<span class=\"_ _109\"> </span>-59Leas<span class=\"_ _0\"></span>e liability inter<span class=\"_ _0\"></span>est<span class=\"_ _221\"> </span>4,575<span class=\"_ _7a\"> </span>4,138Other financial e<span class=\"_ _8\"></span>xpenses<span class=\"_ _222\"> </span>2,453<span class=\"_ _108\"> </span>4,029To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _223\"> </span>13,033<span class=\"_ _155\"> </span>9,660136<span class=\"_ _3f\"> </span><span class=\"ff8\">Elopak</span>Not<span class=\"_ _0\"></span>e 18 - Income taxIncome tax e<span class=\"_ _8\"></span>xpense(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Curren<span class=\"_ _0\"></span>t income taxCurr<span class=\"_ _0\"></span>ent income tax char<span class=\"_ _0\"></span>ge<span class=\"_ _21a\"> </span>13,214<span class=\"_ _109\"> </span>13,251Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of curr<span class=\"_ _0\"></span>ent income tax of pr<span class=\"_ _0\"></span>evious year <span class=\"_ _225\"> </span>-2,583<span class=\"_ _1fc\"> </span>-237Withholding tax<span class=\"_ _226\"> </span>2,337<span class=\"_ _6f\"> </span>1,625T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t income tax<span class=\"_ _21a\"> </span>12,968<span class=\"_ _df\"> </span>14,639Defer<span class=\"_ _0\"></span>red taxRel<span class=\"_ _0\"></span>ating to origin<span class=\"_ _0\"></span>ation and rev<span class=\"_ _0\"></span>ersal of t<span class=\"_ _0\"></span>emporary differ<span class=\"_ _0\"></span>ences<span class=\"_ _16e\"> </span>-1,2<span class=\"_ _0\"></span>43<span class=\"_ _104\"> </span>1,340Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of chan<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o tax rat<span class=\"_ _0\"></span>e and deferr<span class=\"_ _8\"></span>ed tax of previous ye<span class=\"_ _0\"></span>ar<span class=\"_ _227\"> </span>463<span class=\"_ _11b\"> </span>-691T<span class=\"_ _1\"></span>otal deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _11f\"> </span>-7<span class=\"_ _0\"></span>80<span class=\"_ _c3\"> </span>649Income tax e<span class=\"_ _0\"></span>xpense r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ted i<span class=\"_ _0\"></span>n the stat<span class=\"_ _0\"></span>ement of profit or lo<span class=\"_ _0\"></span>ss<span class=\"_ _136\"> </span>12,188<span class=\"_ _53\"> </span>15,288P<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able tax(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Pa<span class=\"_ _0\"></span>yable tax opening b<span class=\"_ _0\"></span>alance<span class=\"_ _11c\"> </span>-2,616<span class=\"_ _d2\"> </span>482Curr<span class=\"_ _0\"></span>ent income tax<span class=\"_ _228\"> </span>12,968<span class=\"_ _da\"> </span>15,485T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>anslation<span class=\"_ _7d\"> </span>102<span class=\"_ _1f9\"> </span>538Net tax paid<span class=\"_ _1d3\"> </span>-13,638<span class=\"_ _4e\"> </span>-19,122Pa<span class=\"_ _0\"></span>yable tax clo<span class=\"_ _0\"></span>sing bala<span class=\"_ _0\"></span>nce<span class=\"_ _229\"> </span>-3,185<span class=\"_ _163\"> </span>-2,616137Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>econciliation of tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Accountin<span class=\"_ _0\"></span>g profit bef<span class=\"_ _0\"></span>ore inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _22a\"> </span>46,407<span class=\"_ _4e\"> </span>45,5591)Expected tax at s<span class=\"_ _0\"></span>tatut<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y tax r<span class=\"_ _0\"></span>ate 11,138<span class=\"_ _77\"> </span>10,9<span class=\"_ _8\"></span>34Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of diff<span class=\"_ _0\"></span>erent loc<span class=\"_ _0\"></span>al tax rat<span class=\"_ _0\"></span>es<span class=\"_ _17f\"> </span>1,300<span class=\"_ _ef\"> </span>1,957Non-taxable income/<span class=\"_ _8\"></span>expen<span class=\"_ _0\"></span>ses<span class=\"_ _21a\"> </span> - <span class=\"_ _94\"> </span> -Shar<span class=\"_ _0\"></span>e of re<span class=\"_ _0\"></span>sults of joint ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es<span class=\"_ _22b\"> </span> -1,051 <span class=\"_ _75\"> </span> -858Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of curr<span class=\"_ _0\"></span>ent income tax of pr<span class=\"_ _0\"></span>evious year<span class=\"_ _0\"></span>s <span class=\"_ _1fb\"> </span> -2,336 <span class=\"_ _66\"> </span> -223Withholding tax, non-r<span class=\"_ _8\"></span>efundable<span class=\"_ _bb\"> </span> 2,337 <span class=\"_ _1af\"> </span> 1,625Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of chan<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o tax rat<span class=\"_ _0\"></span>es and r<span class=\"_ _0\"></span>egulations<span class=\"_ _214\"> </span>564<span class=\"_ _ef\"> </span>-706Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation effect<span class=\"_ _0\"></span>s <span class=\"_ _22c\"> </span>-2,233<span class=\"_ _9f\"> </span>1,6<span class=\"_ _0\"></span>91Other diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s<span class=\"_ _4d\"> </span>2,468<span class=\"_ _a4\"> </span><span class=\"lsb2 ws1d2\">867</span>Income tax e<span class=\"_ _0\"></span>xpense at eff<span class=\"_ _0\"></span>ective income tax r<span class=\"_ _0\"></span>ate<span class=\"_ _22d\"> </span>12,188<span class=\"_ _53\"> </span>15,288Effectiv<span class=\"_ _0\"></span>e income tax r<span class=\"_ _0\"></span>ate<span class=\"_ _b2\"> </span>26.3 %<span class=\"_ _7a\"> </span>33.6 %1)The expect<span class=\"_ _0\"></span>ed tax at stat<span class=\"_ _0\"></span>utory tax rat<span class=\"_ _0\"></span>e of 24% (2<span class=\"_ _8\"></span>4% in 2021) is bas<span class=\"_ _0\"></span>ed on an estimat<span class=\"_ _0\"></span>e of where t<span class=\"_ _0\"></span>he Group tax<span class=\"_ _0\"></span>es its pr<span class=\"_ _8\"></span>ofits and the corre<span class=\"ws0\">-</span>sponding applic<span class=\"_ _0\"></span>able tax rat<span class=\"_ _0\"></span>esChan<span class=\"_ _0\"></span>ge in def<span class=\"_ _8\"></span>erred tax on it<span class=\"_ _8\"></span>ems in Other Compr<span class=\"_ _0\"></span>ehensive Income/E<span class=\"_ _8\"></span>quity(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Reme<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ement gain/loss on act<span class=\"_ _0\"></span>uarial gains and loss<span class=\"_ _0\"></span>es<span class=\"_ _a1\"> </span><span class=\"lsb ws8c\">266<span class=\"_ _aa\"> </span></span>38Cash flow hedgin<span class=\"_ _0\"></span>g<span class=\"_ _21f\"> </span>-1,957<span class=\"_ _9f\"> </span>1,192E<span class=\"_ _0\"></span>quity transaction<span class=\"_ _0\"></span>s<span class=\"_ _21f\"> </span>-330<span class=\"_ _c6\"> </span>-522Chan<span class=\"_ _0\"></span>ge in deferr<span class=\"_ _8\"></span>ed tax on items in Other Compr<span class=\"_ _0\"></span>ehensive Income/E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y<span class=\"_ _22e\"> </span>-2,020<span class=\"_ _c3\"> </span><span class=\"ls5 wsd\">70<span class=\"_ _a\"></span>9</span>138ElopakNot<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Re<span class=\"_ _0\"></span>valuation of invent<span class=\"_ _0\"></span>ories<span class=\"_ _f3\"> </span>13,564<span class=\"_ _e7\"> </span>11,431Pa<span class=\"_ _0\"></span>yables/<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>eivables<span class=\"_ _4f\"> </span>13,977<span class=\"_ _66\"> </span>18,341Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _10f\"> </span>-10,13<span class=\"_ _0\"></span>1<span class=\"_ _8e\"> </span>-8,258Fixed a<span class=\"_ _0\"></span>ssets depr<span class=\"_ _0\"></span>eciations<span class=\"_ _22f\"> </span>-8,592<span class=\"_ _163\"> </span>-7,649Liquid asset<span class=\"_ _0\"></span>s<span class=\"_ _230\"> </span>-14,302<span class=\"_ _73\"> </span>-13,090Los<span class=\"_ _0\"></span>ses av<span class=\"_ _0\"></span>ailable for off<span class=\"_ _8\"></span>setting against f<span class=\"_ _0\"></span>utur<span class=\"_ _0\"></span>e taxable income<span class=\"_ _21\"> </span>9,101<span class=\"_ _d8\"> </span>5,468Other diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s <span class=\"_ _231\"> </span>1,557<span class=\"_ _104\"> </span>3,910T<span class=\"_ _1\"></span>otal deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _56\"> </span>5,17<span class=\"_ _8\"></span>4<span class=\"_ _163\"> </span>10,153Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _232\"> </span>22,414<span class=\"_ _8e\"> </span>21,640Defer<span class=\"_ _0\"></span>red tax liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _219\"> </span>17,240<span class=\"_ _d4\"> </span>11,488Net defer<span class=\"_ _0\"></span>red ass<span class=\"_ _0\"></span>ets/liabilities<span class=\"_ _10e\"> </span>5,17<span class=\"_ _1\"></span>4<span class=\"_ _163\"> </span>10,153Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e evaluat<span class=\"_ _0\"></span>ed at each balance sheet d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _8\"></span>o the e<span class=\"_ _0\"></span>xten<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at it is pr<span class=\"_ _8\"></span>obable that s<span class=\"_ _0\"></span>ufficient taxable pr<span class=\"_ _0\"></span>ofit will be av<span class=\"_ _0\"></span>ailable t<span class=\"_ _0\"></span>o allow the benefit of p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>t or all of th<span class=\"_ _0\"></span>at def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax ass<span class=\"_ _0\"></span>et to be utiliz<span class=\"_ _8\"></span>ed.Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at the tax r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e expect<span class=\"_ _8\"></span>ed to apply in the period when t<span class=\"_ _0\"></span>he liability shall be sett<span class=\"_ _0\"></span>led or the as<span class=\"_ _0\"></span>set t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>ealized, ba<span class=\"_ _0\"></span>sed on tax r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s and la<span class=\"_ _0\"></span>ws th<span class=\"_ _0\"></span>at hav<span class=\"_ _0\"></span>e been enact<span class=\"_ _8\"></span>ed or substan<span class=\"_ _0\"></span>tively enact<span class=\"_ _8\"></span>ed at the balance s<span class=\"_ _0\"></span>heet dat<span class=\"_ _0\"></span>e.139Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>econciliation of tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e(EUR 1,000)After 2025<span class=\"_ _52\"> </span>Indefinit<span class=\"_ _0\"></span>e<span class=\"_ _108\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>United St<span class=\"_ _0\"></span>ates<span class=\"_ _233\"> </span>-<span class=\"_ _ac\"> </span>816 <span class=\"_ _d2\"> </span>816United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _21b\"> </span> - <span class=\"_ _73\"> </span> 10,328 <span class=\"_ _69\"> </span> 10,328India<span class=\"_ _1e3\"> </span>871 <span class=\"_ _94\"> </span> - <span class=\"_ _a0\"> </span>871Norway<span class=\"_ _234\"> </span> - <span class=\"_ _108\"> </span> 27,646 <span class=\"_ _73\"> </span> 27,646Other<span class=\"_ _235\"> </span> - <span class=\"_ _71\"> </span>87<span class=\"_ _a\"></span>9 <span class=\"_ _71\"> </span>879To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _4a\"> </span>871<span class=\"_ _6b\"> </span>39<span class=\"_ _a\"></span>,<span class=\"_ _a\"></span>670<span class=\"_ _df\"> </span><span class=\"ls0 ws0\">40,541</span>140ElopakNot<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>T<span class=\"_ _1\"></span>ax los<span class=\"_ _0\"></span>ses c<span class=\"_ _0\"></span>arried f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>d of EUR 18,161 t<span class=\"_ _0\"></span>housand ar<span class=\"_ _8\"></span>e not rec<span class=\"_ _0\"></span>ognized a<span class=\"_ _0\"></span>s a basi<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or calcul<span class=\"_ _0\"></span>ating unus<span class=\"_ _0\"></span>ed tax loss<span class=\"_ _0\"></span>es car<span class=\"_ _0\"></span>ried forwar<span class=\"_ _8\"></span>d in net deferr<span class=\"_ _8\"></span>ed asset<span class=\"_ _0\"></span>s/liabilities. The amount no<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ognized is m<span class=\"_ _0\"></span>ainly r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he Unit<span class=\"_ _0\"></span>ed Kingdom.In tax dis<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>es, the Gr<span class=\"_ _8\"></span>oup accounts f<span class=\"_ _8\"></span>or tax costs ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o decisions m<span class=\"_ _0\"></span>ade by local t<span class=\"_ _0\"></span>ax authoritie<span class=\"_ _0\"></span>s, or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se, or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. A dividend dis<span class=\"_ _0\"></span>tribution f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om Elopak Sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s AG t<span class=\"_ _8\"></span>o Elopak ASA, f<span class=\"_ _0\"></span>ormerly Elopak AS, in 2011 and 2014 wa<span class=\"_ _0\"></span>s deemed to be t<span class=\"_ _0\"></span>axable income f<span class=\"_ _0\"></span>or Elopak ASA in a decision b<span class=\"_ _0\"></span>y Nor<span class=\"_ _a\"></span>wegian t<span class=\"_ _0\"></span>ax office in 2017. The f<span class=\"_ _0\"></span>ull tax co<span class=\"_ _0\"></span>st of NOK 6<span class=\"_ _8\"></span>9,600 thousand w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and paid in accor<span class=\"_ _8\"></span>dance with the rulin<span class=\"_ _0\"></span>g at th<span class=\"_ _0\"></span>at time. A subs<span class=\"_ _0\"></span>equent appeal t<span class=\"_ _0\"></span>o the tax t<span class=\"_ _0\"></span>ribunal r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulted in a r<span class=\"_ _0\"></span>uling on June 16, 2021 supporting the 2017 c<span class=\"_ _0\"></span>onclusion f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the tax office. The comp<span class=\"_ _0\"></span>any doe<span class=\"_ _0\"></span>s not agr<span class=\"_ _8\"></span>ee with the rulin<span class=\"_ _0\"></span>g and ha<span class=\"_ _0\"></span>s initiat<span class=\"_ _0\"></span>ed an appeal thr<span class=\"_ _0\"></span>ough the courts in Nor<span class=\"_ _a\"></span>wa<span class=\"_ _0\"></span>y.Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>er pricing adjust<span class=\"_ _0\"></span>ments h<span class=\"_ _0\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>e (MAP) between the a<span class=\"_ _0\"></span>ffect<span class=\"_ _8\"></span>ed countries ar<span class=\"_ _8\"></span>e normally a<span class=\"_ _0\"></span>vailable. A s<span class=\"_ _0\"></span>ucces<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>ul MAP proc<span class=\"_ _0\"></span>edure a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a Gr<span class=\"_ _0\"></span>oup compan<span class=\"_ _0\"></span>y<span class=\"_ _8\"></span>, thus r<span class=\"_ _0\"></span>emovin<span class=\"_ _0\"></span>g the tax co<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>or the Gr<span class=\"_ _0\"></span>oup. Wher<span class=\"_ _8\"></span>e a MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s is av<span class=\"_ _0\"></span>ailable, the Gr<span class=\"_ _8\"></span>oup reco<span class=\"_ _0\"></span>gnize<span class=\"_ _0\"></span>s tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the out<span class=\"_ _0\"></span>come of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do not a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ee, tax pay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>ave the right t<span class=\"_ _8\"></span>o demand arbitr<span class=\"_ _8\"></span>ation.141Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ationsOn 15 July 2022 Elopak and P<span class=\"_ _8\"></span>ackaging M<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t and Inves<span class=\"_ _0\"></span>ting LL<span class=\"_ _8\"></span>C, a compan<span class=\"_ _0\"></span>y beneficially owned by m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement of JSC Elopak, h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eached an agr<span class=\"_ _0\"></span>eement (the \u201c<span class=\"_ _0\"></span>SP<span class=\"_ _1\"></span>A<span class=\"_ _8\"></span>\u201d) f<span class=\"_ _0\"></span>or the sale and pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se of all of Elopak\u2019<span class=\"_ _f\"></span>s shar<span class=\"_ _0\"></span>es in JS<span class=\"_ _0\"></span>C Elopak. This r<span class=\"_ _8\"></span>epre<span class=\"_ _0\"></span>sents a f<span class=\"_ _8\"></span>ull divest<span class=\"_ _0\"></span>ment by Elopak f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om its e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g R<span class=\"_ _0\"></span>ussian oper<span class=\"_ _8\"></span>ations.T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er of shar<span class=\"_ _8\"></span>es in JSC Elopak will t<span class=\"_ _0\"></span>ake pl<span class=\"_ _0\"></span>ace under completion of the t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>saction after appr<span class=\"_ _0\"></span>oval f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om the R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an Governmen<span class=\"_ _0\"></span>t. Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, the ter<span class=\"_ _0\"></span>ms of the SP<span class=\"_ _1\"></span>A implies t<span class=\"_ _0\"></span>hat Elopak lost c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol of JSC Elopak on the dat<span class=\"_ _8\"></span>e it was signed, hence t<span class=\"_ _0\"></span>he entity is no long<span class=\"_ _0\"></span>er consoli<span class=\"ws0\">-</span>dat<span class=\"_ _8\"></span>ed in the Elopak Gr<span class=\"_ _0\"></span>oup Financial s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>ts. F<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g fr<span class=\"_ _8\"></span>om deconsolid<span class=\"_ _0\"></span>ation, the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s of JSC Elopak ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnized at f<span class=\"_ _8\"></span>air value meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed as the net pr<span class=\"_ _8\"></span>esent v<span class=\"_ _0\"></span>alue of the agr<span class=\"_ _8\"></span>eed pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price, adjus<span class=\"_ _0\"></span>ted f<span class=\"_ _8\"></span>or risk<span class=\"_ _0\"></span>s of not r<span class=\"_ _0\"></span>eceiving t<span class=\"_ _0\"></span>he payment<span class=\"_ _0\"></span>s. The pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price is pa<span class=\"_ _0\"></span>yable in five annual ins<span class=\"_ _0\"></span>talments, t<span class=\"_ _0\"></span>he firs<span class=\"_ _0\"></span>t of which becomes due shortly af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er completion of thetr<span class=\"_ _8\"></span>ansaction. In addition t<span class=\"_ _0\"></span>o the pay<span class=\"_ _0\"></span>ments, Elopak h<span class=\"_ _0\"></span>as the op<span class=\"_ _0\"></span>tion to buy back t<span class=\"_ _0\"></span>he shar<span class=\"_ _8\"></span>es of JSC Elopak. The pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price in the buy-b<span class=\"_ _0\"></span>ack option will be the price in t<span class=\"_ _0\"></span>he SP<span class=\"_ _1\"></span>A adjust<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or inflation, inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ments, cape<span class=\"_ _8\"></span>x, working c<span class=\"_ _0\"></span>apital and net debt in the int<span class=\"_ _8\"></span>ermediate period, and Elopak is t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e not expo<span class=\"_ _0\"></span>sed f<span class=\"_ _8\"></span>or variable r<span class=\"_ _0\"></span>eturn<span class=\"_ _0\"></span>s in this period. As of Dec<span class=\"_ _0\"></span>ember 2022, the buy-back option i<span class=\"_ _0\"></span>s consider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o hav<span class=\"_ _0\"></span>e a f<span class=\"_ _0\"></span>air value clo<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>o zer<span class=\"_ _8\"></span>o. As per December 31, 2<span class=\"_ _0\"></span>022 the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in JSC Elop<span class=\"_ _0\"></span>ak are me<span class=\"_ _0\"></span>asur<span class=\"_ _8\"></span>ed at EUR 4,829 thousand and t<span class=\"_ _0\"></span>he nominal value of t<span class=\"_ _0\"></span>he agr<span class=\"_ _8\"></span>eed purch<span class=\"_ _0\"></span>ase price i<span class=\"_ _0\"></span>s EUR 12,534 thou<span class=\"_ _0\"></span>sand (R<span class=\"_ _0\"></span>UR 9<span class=\"_ _1\"></span>48,339 t<span class=\"_ _0\"></span>housand).The compar<span class=\"_ _8\"></span>ative consolid<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement of compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome profit or <span class=\"_ _0\"></span>loss wit<span class=\"_ _0\"></span>h note<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve been r<span class=\"_ _8\"></span>e-pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o show the di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ation separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om continuing oper<span class=\"_ _0\"></span>ations. Until all activitie<span class=\"_ _0\"></span>s in Ru<span class=\"_ _0\"></span>ssia wer<span class=\"_ _8\"></span>e suspended in M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2022, the R<span class=\"_ _8\"></span>ussian entity pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>sed r<span class=\"_ _0\"></span>aw m<span class=\"_ _0\"></span>aterial<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om other entitie<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oup, as well a<span class=\"_ _0\"></span>s gener<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>ome minor r<span class=\"_ _0\"></span>evenue. Alt<span class=\"_ _0\"></span>hough intr<span class=\"_ _0\"></span>a-gr<span class=\"_ _8\"></span>oup tran<span class=\"_ _0\"></span>sactions h<span class=\"_ _0\"></span>ave been f<span class=\"_ _8\"></span>ully eliminat<span class=\"_ _0\"></span>ed in the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements, m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t has elect<span class=\"_ _8\"></span>ed to attribut<span class=\"_ _8\"></span>e the elimination of tr<span class=\"_ _8\"></span>ansactions between the c<span class=\"_ _0\"></span>ontinued and dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ation to t<span class=\"_ _0\"></span>he continuin<span class=\"_ _0\"></span>g operation. Thi<span class=\"_ _0\"></span>s is t<span class=\"_ _8\"></span>o r<span class=\"_ _0\"></span>eflect th<span class=\"_ _0\"></span>at the Gr<span class=\"_ _0\"></span>oup does not in<span class=\"_ _0\"></span>tend t<span class=\"_ _8\"></span>o continue similar tr<span class=\"_ _8\"></span>ansactions with R<span class=\"_ _8\"></span>ussia, s<span class=\"_ _0\"></span>ubse<span class=\"ws0\">-</span>quent t<span class=\"_ _0\"></span>o the di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al.142<span class=\"_ _ed\"> </span><span class=\"ff13\">Elopak</span>Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ations <span class=\"fc3\">continued</span>As per dat<span class=\"_ _8\"></span>e of loss of cont<span class=\"_ _0\"></span>rol, t<span class=\"_ _8\"></span>otal impairment in 2<span class=\"_ _0\"></span>022 rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to JS<span class=\"_ _0\"></span>C Elopak was EUR 2<span class=\"_ _0\"></span>0,282 thou<span class=\"_ _0\"></span>sand eff<span class=\"_ _0\"></span>ecting the fin<span class=\"_ _0\"></span>ancial position and EUR 9,2<span class=\"_ _0\"></span>01 thous<span class=\"_ _0\"></span>and eff<span class=\"_ _0\"></span>ecting compr<span class=\"_ _8\"></span>ehensive income, the diff<span class=\"_ _8\"></span>erenc<span class=\"_ _0\"></span>e is due t<span class=\"_ _0\"></span>o fx varianc<span class=\"_ _0\"></span>es. L<span class=\"_ _0\"></span>oss on s<span class=\"_ _0\"></span>ale of discon<span class=\"_ _0\"></span>tinued operation<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>eflects accumul<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>slation diff<span class=\"_ _8\"></span>erence<span class=\"_ _0\"></span>s of EUR -7,086 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>ecycled f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om equity to pr<span class=\"_ _8\"></span>ofit or los<span class=\"_ _0\"></span>s and the net of decons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed equity<span class=\"_ _0\"></span>, r<span class=\"_ _0\"></span>edemption of loans f<span class=\"_ _8\"></span>rom con<span class=\"_ _0\"></span>tinuing oper<span class=\"_ _8\"></span>ations to dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ations and f<span class=\"_ _8\"></span>air value of the JSC Elopak s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es. The f<span class=\"_ _8\"></span>air value of JSC Elopak shar<span class=\"_ _8\"></span>es i<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s Other curr<span class=\"_ _8\"></span>ent as<span class=\"_ _0\"></span>sets in t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of fin<span class=\"_ _0\"></span>ancial position.In December<span class=\"_ _8\"></span>, 2022 the buy<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>eceived an inf<span class=\"_ _8\"></span>ormal appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>al fr<span class=\"_ _8\"></span>om the R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an Governmen<span class=\"_ _0\"></span>t and the tr<span class=\"_ _8\"></span>ansaction wa<span class=\"_ _0\"></span>s complet<span class=\"_ _0\"></span>ed in F<span class=\"_ _0\"></span>ebruar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span>, 2023. See not<span class=\"_ _8\"></span>e 33 Subsequent e<span class=\"_ _0\"></span>vents f<span class=\"_ _8\"></span>or f<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>ther inf<span class=\"_ _8\"></span>ormation.143Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ations <span class=\"fc3\">continued</span>Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ationY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended <span class=\"_ _1b\"></span> Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31 December 31(EUR 1,000)<span class=\"_ _236\"> </span>2022<span class=\"_ _159\"> </span>2021Re<span class=\"_ _0\"></span>venues<span class=\"_ _1e3\"> </span>18,184<span class=\"_ _13e\"> </span>84,984T<span class=\"_ _1\"></span>otal income<span class=\"_ _22f\"> </span>18,184<span class=\"_ _237\"> </span>84,984Cost of m<span class=\"_ _0\"></span>aterials <span class=\"_ _de\"> </span>-15,197<span class=\"_ _238\"> </span>-6<span class=\"_ _0\"></span>9,789Pa<span class=\"_ _0\"></span>yroll e<span class=\"_ _0\"></span>xpenses<span class=\"_ _233\"> </span>-2,3<span class=\"_ _0\"></span>11<span class=\"_ _239\"> </span>-4,864Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tisation and imp<span class=\"_ _0\"></span>airment<span class=\"_ _20e\"> </span>-9,921<span class=\"_ _23a\"> </span>-2,354Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _23b\"> </span>-1,034<span class=\"_ _23c\"> </span>-3,125T<span class=\"_ _1\"></span>otal operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es<span class=\"_ _1f4\"> </span>-28,463<span class=\"_ _23d\"> </span>-80,132Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _23e\"> </span>-10,27<span class=\"_ _0\"></span>8<span class=\"_ _1d7\"> </span>4,852Net financial income <span class=\"_ _220\"> </span>-2,452<span class=\"_ _159\"> </span>-429Pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _0\"></span>e tax<span class=\"_ _21b\"> </span>-12,7<span class=\"_ _0\"></span>30<span class=\"_ _95\"> </span>4,423Income tax<span class=\"_ _23f\"> </span><span class=\"ls7d ws110\">-7<span class=\"_ _a\"></span>97<span class=\"_ _db\"> </span></span>-885Re<span class=\"_ _0\"></span>sults f<span class=\"_ _0\"></span>rom dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ations, net of tax<span class=\"_ _170\"> </span>-13,527<span class=\"_ _95\"> </span>3,538Los<span class=\"_ _0\"></span>s on sale of discon<span class=\"_ _0\"></span>tinued operations <span class=\"_ _240\"> </span>-10,095<span class=\"_ _241\"> </span>-Income tax on gain on salePr<span class=\"_ _0\"></span>ofit<span class=\"_ _a\"></span>/loss f<span class=\"_ _0\"></span>rom di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _0\"></span>ations<span class=\"_ _188\"> </span>-23,622<span class=\"_ _1d7\"> </span>3,538Net cash flow f<span class=\"_ _8\"></span>rom oper<span class=\"_ _0\"></span>ating activities<span class=\"_ _178\"> </span> 1,834 <span class=\"_ _242\"> </span>15,03<span class=\"_ _0\"></span>9Net cash flow f<span class=\"_ _8\"></span>rom inves<span class=\"_ _0\"></span>ting activities<span class=\"_ _dd\"> </span> - <span class=\"_ _13e\"> </span>-1,470Net cash flow f<span class=\"_ _8\"></span>rom financin<span class=\"_ _0\"></span>g activities<span class=\"_ _243\"> </span>-186<span class=\"_ _23c\"> </span>-6,821F<span class=\"_ _0\"></span>oreign cur<span class=\"_ _0\"></span>rency tr<span class=\"_ _0\"></span>anslations<span class=\"_ _244\"> </span>635<span class=\"_ _1b8\"> </span><span class=\"ls8d ws14c\">109</span>Net chan<span class=\"_ _0\"></span>ge in cash and c<span class=\"_ _0\"></span>ash equivalen<span class=\"_ _0\"></span>ts<span class=\"_ _97\"> </span>2,283<span class=\"_ _95\"> </span>6,858144ElopakNot<span class=\"_ _0\"></span>e 20- E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholders i<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>ormationAs of December 3<span class=\"_ _0\"></span>1, 2022, the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e capital i<span class=\"_ _0\"></span>s NOK 37<span class=\"_ _1\"></span>6,906,6<span class=\"_ _0\"></span>20 (EUR 50,155,321) and the t<span class=\"_ _0\"></span>otal number of shar<span class=\"_ _8\"></span>es outs<span class=\"_ _0\"></span>tanding f<span class=\"_ _8\"></span>or Elopak ASA is 26<span class=\"_ _8\"></span>9,219,014, each with a f<span class=\"_ _8\"></span>ace value of NOK 1.4 (EUR 0.19). All shar<span class=\"_ _8\"></span>es ha<span class=\"_ _0\"></span>ve equal v<span class=\"_ _0\"></span>oting rights and all aut<span class=\"_ _0\"></span>horis<span class=\"_ _0\"></span>ed shar<span class=\"_ _8\"></span>es ar<span class=\"_ _0\"></span>e iss<span class=\"_ _0\"></span>ued and fully p<span class=\"_ _0\"></span>aid.T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es / Sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed bonus:The pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>sion for <span class=\"_ _0\"></span>shar<span class=\"_ _8\"></span>e based bonus per <span class=\"_ _0\"></span>December 31, 2021 w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e settled in t<span class=\"_ _0\"></span>he second quarter of 2022 thr<span class=\"_ _8\"></span>ough shar<span class=\"_ _8\"></span>es bought in the m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et and sold t<span class=\"_ _8\"></span>o members of the M<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t. The pr<span class=\"_ _0\"></span>ovision of EUR 330 t<span class=\"_ _0\"></span>housand in ot<span class=\"_ _0\"></span>her paid-in capital w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ever<span class=\"_ _8\"></span>sed. As par<span class=\"_ _a\"></span>t of the sett<span class=\"_ _0\"></span>lement, Elopak r<span class=\"_ _8\"></span>epurch<span class=\"_ _0\"></span>ased 17<span class=\"_ _8\"></span>0,000 shar<span class=\"_ _0\"></span>es, and s<span class=\"_ _0\"></span>ettled the s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-bas<span class=\"_ _0\"></span>ed bonus with 164,481 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es. As of December 3<span class=\"_ _0\"></span>1, 2022, the bal<span class=\"_ _0\"></span>ance of tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y shar<span class=\"_ _8\"></span>es is 5,519. The tr<span class=\"_ _8\"></span>easur<span class=\"_ _a\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e capital is EUR 1 t<span class=\"_ _0\"></span>housand and t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>emium is EUR 8 thou<span class=\"_ _0\"></span>sand. The new incen<span class=\"_ _0\"></span>tive pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>am (see Not<span class=\"_ _8\"></span>e 8 for detail<span class=\"_ _0\"></span>s) r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent<span class=\"_ _0\"></span>s pot<span class=\"_ _0\"></span>ential additional sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es which could be dilutiv<span class=\"_ _0\"></span>e.Dividend:The Boar<span class=\"_ _0\"></span>d appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed a dividend of NOK 0.75 per shar<span class=\"_ _8\"></span>e for t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear 2021 on Ma<span class=\"_ _0\"></span>y 19, 2022. The dividend pa<span class=\"_ _0\"></span>yment wa<span class=\"_ _0\"></span>s EUR 19,623 thous<span class=\"_ _0\"></span>and bas<span class=\"_ _0\"></span>ed on 26<span class=\"_ _8\"></span>9 219 014 outstandin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es, of which EUR 11,7<span class=\"_ _f\"></span>40 thousand w<span class=\"_ _0\"></span>as paid t<span class=\"_ _8\"></span>o Fer<span class=\"_ _8\"></span>d AS. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s will pr<span class=\"_ _0\"></span>opos<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o the Annual gener<span class=\"_ _8\"></span>al Meeting a dividend of NOK 0.86 per shar<span class=\"_ _8\"></span>e for 2<span class=\"_ _0\"></span>022. 145Not<span class=\"_ _0\"></span>e 20 \u2013 E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholder inf<span class=\"_ _8\"></span>ormation <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Shar<span class=\"_ _8\"></span>e capitalNumber of shar<span class=\"_ _0\"></span>es2022<span class=\"_ _248\"> </span>Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sha<span class=\"_ _0\"></span>res is<span class=\"_ _0\"></span>sued<span class=\"_ _11\"> </span>T<span class=\"_ _8\"></span>reasury shares<span class=\"_ _84\"> </span><span class=\"ls0 ws0\">Or<span class=\"_ _0\"></span>dinary share<span class=\"_ _0\"></span>s outstandin<span class=\"_ _0\"></span>g</span>Shar<span class=\"_ _0\"></span>es at 1.1<span class=\"_ _c9\"> </span>2<span class=\"_ _0\"></span>69,219,014<span class=\"_ _115\"> </span>-<span class=\"_ _249\"> </span>26<span class=\"_ _0\"></span>9,219,014T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es purch<span class=\"_ _0\"></span>ased<span class=\"_ _24a\"> </span>-<span class=\"_ _194\"> </span>-17<span class=\"_ _0\"></span>0,000<span class=\"_ _152\"> </span>-170,000T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es re-i<span class=\"_ _0\"></span>ssued<span class=\"_ _218\"> </span>-<span class=\"_ _7a\"> </span>164,481<span class=\"_ _24b\"> </span>164,481Shar<span class=\"_ _0\"></span>es at 31.12<span class=\"_ _c0\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _d8\"> </span>5,519<span class=\"_ _db\"> </span>26<span class=\"_ _8\"></span>9,213,4952021<span class=\"_ _24c\"> </span>Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sha<span class=\"_ _0\"></span>res is<span class=\"_ _0\"></span>sued<span class=\"_ _11\"> </span>T<span class=\"_ _1\"></span>reasury shares<span class=\"_ _49\"> </span><span class=\"ls0 ws0\">Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y shar<span class=\"_ _0\"></span>es outst<span class=\"_ _0\"></span>anding</span>Shar<span class=\"_ _0\"></span>es at 1.1<span class=\"_ _99\"> </span>5,012,707<span class=\"_ _115\"> </span>-<span class=\"_ _1b8\"> </span>5,012,7<span class=\"_ _0\"></span>07Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued for sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed bonus<span class=\"_ _92\"> </span>8,959<span class=\"_ _115\"> </span>-<span class=\"_ _24d\"> </span>8,959Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued in stock s<span class=\"_ _0\"></span>plit<span class=\"_ _24e\"> </span>2<span class=\"_ _0\"></span>46,061,634<span class=\"_ _115\"> </span>-<span class=\"_ _24f\"> </span>2<span class=\"_ _0\"></span>46,061,634Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued in IPO<span class=\"_ _18e\"> </span>18,135,714<span class=\"_ _115\"> </span>-<span class=\"_ _1c9\"> </span>18,135,714T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es purch<span class=\"_ _0\"></span>ased<span class=\"_ _250\"> </span>-<span class=\"_ _12a\"> </span>-422,772<span class=\"_ _d6\"> </span>-422,772T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es re-i<span class=\"_ _0\"></span>ssued<span class=\"_ _214\"> </span>-<span class=\"_ _73\"> </span>422,772<span class=\"_ _251\"> </span>422,772Shar<span class=\"_ _0\"></span>es at 31.12<span class=\"_ _252\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _1b2\"> </span> - <span class=\"_ _8f\"> </span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9,219,014Basic and dilut<span class=\"_ _8\"></span>ed earnings per sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended 31 Dec(EUR 1,000, ex<span class=\"_ _0\"></span>cept number of shar<span class=\"_ _8\"></span>es)<span class=\"_ _245\"> </span>2022<span class=\"_ _df\"> </span>2021Pr<span class=\"_ _0\"></span>ofit attributable t<span class=\"_ _0\"></span>o Elopak shar<span class=\"_ _0\"></span>eholders<span class=\"_ _246\"> </span>10,856<span class=\"_ _194\"> </span>33,809Iss<span class=\"_ _0\"></span>ued ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y shar<span class=\"_ _0\"></span>es at beginning of period, adju<span class=\"_ _0\"></span>sted f<span class=\"_ _0\"></span>or shar<span class=\"_ _0\"></span>e split in the period<span class=\"_ _247\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _13d\"> </span>250,635,350Effect of s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s issued<span class=\"_ _101\"> </span>-3,024<span class=\"_ _ed\"> </span>10,150,955W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed-aver<span class=\"_ _0\"></span>age number of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sh<span class=\"_ _0\"></span>ares in t<span class=\"_ _0\"></span>he period<span class=\"_ _1ca\"> </span>26<span class=\"_ _8\"></span>9,215,990<span class=\"_ _137\"> </span>260,7<span class=\"_ _0\"></span>86,305Basic and dilut<span class=\"_ _0\"></span>ed earnings per sh<span class=\"_ _0\"></span>are (in EU<span class=\"_ _0\"></span>R)<span class=\"_ _1f4\"> </span>0.04<span class=\"_ _163\"> </span>0.13146ElopakNot<span class=\"_ _0\"></span>e 20 \u2013 E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholder inf<span class=\"_ _8\"></span>ormation <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The Gr<span class=\"_ _0\"></span>oup's top 20 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>eholdersShar<span class=\"_ _0\"></span>eholder's name<span class=\"_ _1aa\"> </span>T<span class=\"_ _1\"></span>otal sha<span class=\"_ _0\"></span>reholdingF<span class=\"_ _0\"></span>erd As<span class=\"_ _253\"> </span>59.83 %Nippon Paper Indu<span class=\"_ _0\"></span>stries Co., L<span class=\"_ _0\"></span>td.<span class=\"_ _254\"> </span>5.00 %Artemis Inve<span class=\"_ _0\"></span>stment Man<span class=\"_ _0\"></span>agement Llp<span class=\"_ _255\"> </span>3.37 %F<span class=\"_ _0\"></span>olketrygdf<span class=\"_ _0\"></span>ondet<span class=\"_ _256\"> </span>3.30 %Morgan St<span class=\"_ _0\"></span>anley Eur<span class=\"_ _0\"></span>ope SE<span class=\"_ _257\"> </span>2.73 %Par<span class=\"_ _8\"></span>eto Asset Man<span class=\"_ _0\"></span>agement As<span class=\"_ _258\"> </span>1.87 %Handelsbank<span class=\"_ _8\"></span>en Fonder Ab<span class=\"_ _257\"> </span>1.2<span class=\"_ _0\"></span>4 %Dnb Asset M<span class=\"_ _0\"></span>anagement As<span class=\"_ _257\"> </span>1.01 %Pictet As<span class=\"_ _0\"></span>set Manag<span class=\"_ _0\"></span>ement Sa<span class=\"_ _1cd\"> </span>1.01 %Skagen As (Inv<span class=\"_ _0\"></span>estment M<span class=\"_ _0\"></span>anagement)<span class=\"_ _255\"> </span>0.79 %Fil Inves<span class=\"_ _0\"></span>tment Advis<span class=\"_ _0\"></span>ors (Uk) Lt<span class=\"_ _0\"></span>d.<span class=\"_ _259\"> </span>0.6<span class=\"_ _0\"></span>9 %Oddo BHF Asset M<span class=\"_ _0\"></span>anagement SAS<span class=\"_ _1d0\"> </span>0.66 %Arctic F<span class=\"_ _8\"></span>und Management As<span class=\"_ _1bf\"> </span>0.64 %F<span class=\"_ _0\"></span>ondsfinans K<span class=\"_ _0\"></span>apitalforvaltnin<span class=\"_ _0\"></span>g As<span class=\"_ _102\"> </span>0.58 %F<span class=\"_ _0\"></span>orsvar<span class=\"_ _8\"></span>ets Pers<span class=\"_ _0\"></span>onellservice<span class=\"_ _25a\"> </span>0.57 %T<span class=\"_ _8\"></span>.D. V<span class=\"_ _0\"></span>een As<span class=\"_ _1eb\"> </span>0.55 %Ubs Ass<span class=\"_ _0\"></span>et Managemen<span class=\"_ _0\"></span>t Switzerland Ag<span class=\"_ _21f\"> </span>0.48 %Mfs In<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ational (Uk) Lt<span class=\"_ _0\"></span>d.<span class=\"_ _25b\"> </span>0.46 %Sp-Fund M<span class=\"_ _0\"></span>anagement Co. L<span class=\"_ _0\"></span>td.<span class=\"_ _25c\"> </span>0.44 %W<span class=\"_ _0\"></span>enaas<span class=\"_ _0\"></span>gruppen As<span class=\"_ _25d\"> </span>0.34 %The Ex<span class=\"_ _0\"></span>ecutive t<span class=\"_ _8\"></span>eam own direct<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>, or indir<span class=\"_ _0\"></span>ectly the f<span class=\"_ _8\"></span>ollowing number of sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oupExec<span class=\"_ _0\"></span>utive tea<span class=\"_ _0\"></span>m<span class=\"_ _254\"> </span>T<span class=\"_ _1\"></span>otal number of sha<span class=\"_ _0\"></span>resThomas K<span class=\"_ _8\"></span>\u00f6rmendi, CEO<span class=\"_ _223\"> </span>36<span class=\"_ _8\"></span>1,515Bent Ax<span class=\"_ _0\"></span>elsen, CFO<span class=\"_ _25e\"> </span>191,57<span class=\"_ _8\"></span>6Pat<span class=\"_ _0\"></span>rick V<span class=\"_ _0\"></span>erhelst, CMO<span class=\"_ _17e\"> </span> 61,562W<span class=\"_ _0\"></span>olf<span class=\"_ _0\"></span>gang Buckhr<span class=\"_ _0\"></span>emer<span class=\"_ _0\"></span>, CT<span class=\"_ _8\"></span>O<span class=\"_ _f4\"> </span> 68,148Ivar Jevne, EVP MPS &amp; P<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>asing<span class=\"_ _254\"> </span>227,411Stephen N<span class=\"_ _0\"></span>aumann, EVP R<span class=\"_ _0\"></span>egion Eur<span class=\"_ _0\"></span>ope Nor<span class=\"_ _a\"></span>th &amp; CIS<span class=\"_ _25f\"> </span>180,495Finn T<span class=\"_ _1\"></span>\u00f8rjesen, EVP R<span class=\"_ _0\"></span>egion Eur<span class=\"_ _0\"></span>ope South &amp; new mark<span class=\"_ _8\"></span>ets<span class=\"_ _e5\"> </span> 6<span class=\"_ _0\"></span>9,171Lionel Ettedg<span class=\"_ _0\"></span>ui, Mark<span class=\"_ _0\"></span>et Area Dir<span class=\"_ _0\"></span>ector - North Af<span class=\"_ _0\"></span>rica<span class=\"_ _1f2\"> </span> 78,099Nete Bechm<span class=\"_ _0\"></span>ann, Chief Human R<span class=\"_ _0\"></span>esour<span class=\"_ _0\"></span>ce Officer <span class=\"_ _260\"> </span> 2<span class=\"_ _0\"></span>4,07<span class=\"_ _0\"></span>0To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _261\"> </span><span class=\"ls0 ws0\">1,262,047</span>147Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ationAccountin<span class=\"_ _0\"></span>g policiesA busine<span class=\"_ _0\"></span>ss combination i<span class=\"_ _0\"></span>s as a tr<span class=\"_ _8\"></span>ansaction or other e<span class=\"_ _0\"></span>vent in which an acquir<span class=\"_ _8\"></span>er obtains contr<span class=\"_ _8\"></span>ol of one or mor<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>ses. A bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s consist<span class=\"_ _0\"></span>s of inputs and pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>ses applied t<span class=\"_ _8\"></span>o those inputs th<span class=\"_ _0\"></span>at ha<span class=\"_ _0\"></span>ve the ability t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>eat<span class=\"_ _0\"></span>e outputs. Det<span class=\"_ _0\"></span>ermining whet<span class=\"_ _0\"></span>her a par<span class=\"_ _a\"></span>ticular <span class=\"_ _0\"></span>set of ass<span class=\"_ _0\"></span>ets and activities i<span class=\"_ _0\"></span>s a busines<span class=\"_ _0\"></span>s should be bas<span class=\"_ _0\"></span>ed on whether t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>egr<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>et is c<span class=\"_ _0\"></span>apable of being conduct<span class=\"_ _0\"></span>ed and man<span class=\"_ _0\"></span>aged as a bu<span class=\"_ _0\"></span>siness b<span class=\"_ _0\"></span>y a mark<span class=\"_ _8\"></span>et par<span class=\"_ _a\"></span>ticipant.Busine<span class=\"_ _0\"></span>ss combination<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o IFR<span class=\"_ _0\"></span>S 3 using t<span class=\"_ _0\"></span>he acquisition met<span class=\"_ _0\"></span>hod, als<span class=\"_ _0\"></span>o called pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price allocation (PP<span class=\"_ _1\"></span>A). The cos<span class=\"_ _0\"></span>t of an acquisition i<span class=\"_ _0\"></span>s measur<span class=\"_ _8\"></span>ed as the aggr<span class=\"_ _8\"></span>egate of t<span class=\"_ _0\"></span>he consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>err<span class=\"_ _0\"></span>ed, which is meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value at acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _8\"></span>e accordin<span class=\"_ _0\"></span>g to <span class=\"_ _0\"></span>IFRS 13, and t<span class=\"_ _0\"></span>he amount of an<span class=\"_ _0\"></span>y non-contr<span class=\"_ _8\"></span>olling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s in the acquir<span class=\"_ _8\"></span>ee. F<span class=\"_ _0\"></span>or each busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation, the Gr<span class=\"_ _0\"></span>oup elects whether t<span class=\"_ _8\"></span>o measur<span class=\"_ _8\"></span>e the non-contr<span class=\"_ _8\"></span>olling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s in the acquir<span class=\"_ _8\"></span>ee at fair v<span class=\"_ _0\"></span>alue or at the pr<span class=\"_ _0\"></span>opor<span class=\"_ _a\"></span>tionat<span class=\"_ _8\"></span>e shar<span class=\"_ _0\"></span>e of the acquir<span class=\"_ _8\"></span>ee\u2019<span class=\"_ _1\"></span>s identi<span class=\"ws0\">-</span>fiable net as<span class=\"_ _0\"></span>sets. A<span class=\"_ _0\"></span>cquisition-r<span class=\"_ _8\"></span>elated co<span class=\"_ _0\"></span>sts ar<span class=\"_ _8\"></span>e expens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red and included in o<span class=\"_ _0\"></span>ther oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s.When the Gr<span class=\"_ _8\"></span>oup acquire<span class=\"_ _0\"></span>s a busines<span class=\"_ _0\"></span>s, it ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he financial as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sumed f<span class=\"_ _0\"></span>or appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sification and desig<span class=\"_ _0\"></span>nation in accor<span class=\"_ _8\"></span>dance with t<span class=\"_ _0\"></span>he contr<span class=\"_ _8\"></span>actual t<span class=\"_ _0\"></span>erms, economic cir<span class=\"_ _0\"></span>cums<span class=\"_ _0\"></span>tances and pertinent conditions as at t<span class=\"_ _0\"></span>he acquisition dat<span class=\"_ _8\"></span>e.An<span class=\"_ _0\"></span>y conting<span class=\"_ _0\"></span>ent consider<span class=\"_ _8\"></span>ation to be tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred b<span class=\"_ _0\"></span>y the acquir<span class=\"_ _8\"></span>er will be recog<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value at the acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e. Conting<span class=\"_ _0\"></span>ent consider<span class=\"_ _8\"></span>ation classified a<span class=\"_ _0\"></span>s an ass<span class=\"_ _0\"></span>et or liability that i<span class=\"_ _0\"></span>s a financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t and within the s<span class=\"_ _0\"></span>cope of IFR<span class=\"_ _0\"></span>S 9 Financial Ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s, is mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value wit<span class=\"_ _0\"></span>h the chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _8\"></span>air value r<span class=\"_ _8\"></span>ecognised in t<span class=\"_ _0\"></span>he stat<span class=\"_ _8\"></span>ement of profit or lo<span class=\"_ _0\"></span>ss.Goodwill aris<span class=\"_ _0\"></span>es in a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation when the f<span class=\"_ _8\"></span>air value of consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>eeds the f<span class=\"_ _8\"></span>air value of identifiable as<span class=\"_ _0\"></span>sets acquir<span class=\"_ _8\"></span>ed less t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of identifiable liabilitie<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>umed. Goodwill acquir<span class=\"_ _0\"></span>ed in a busines<span class=\"_ _0\"></span>s combination i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o each of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s cas<span class=\"_ _0\"></span>h-gener<span class=\"_ _0\"></span>ating units t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o benefit f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he combination ir<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spectiv<span class=\"_ _0\"></span>e of whether ot<span class=\"_ _0\"></span>her ass<span class=\"_ _0\"></span>ets or liabilities of t<span class=\"_ _0\"></span>he acquir<span class=\"_ _0\"></span>ee ar<span class=\"_ _0\"></span>e assigned t<span class=\"_ _8\"></span>o those unit<span class=\"_ _0\"></span>s and te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed sub<span class=\"_ _0\"></span>sequently f<span class=\"_ _8\"></span>or impairment.148<span class=\"_ _3f\"> </span><span class=\"ff8\">Elopak</span>Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>Acquisition<span class=\"_ _0\"></span>s of GLS ElopakDate of busi<span class=\"_ _0\"></span>ness P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>eCompan<span class=\"_ _0\"></span>y<span class=\"_ _bc\"> </span>P<span class=\"_ _0\"></span>rincipal activitycombinationowned<span class=\"_ _173\"> </span>Acquiring entity\"Elopak BV (49,5%)GLS Elopak<span class=\"_ _b1\"> </span>T<span class=\"_ _8\"></span>rading and m<span class=\"_ _0\"></span>anufact<span class=\"_ _0\"></span>uring<span class=\"_ _60\"> </span>May 13, 2022<span class=\"_ _62\"> </span>50 %Elopak UK Limited (0,5%)\"Elopak and GLS sig<span class=\"_ _0\"></span>ned on April 28, 2022 an agr<span class=\"_ _8\"></span>eement in which the two companie<span class=\"_ _0\"></span>s will ha<span class=\"_ _0\"></span>ve 50% owner<span class=\"_ _0\"></span>ship of a newly f<span class=\"_ _0\"></span>ormed compan<span class=\"_ _8\"></span>y, GL<span class=\"_ _0\"></span>S Elopak. The completion dat<span class=\"_ _8\"></span>e (closing) t<span class=\"_ _0\"></span>ook place M<span class=\"_ _0\"></span>ay 13, 2022. The ag<span class=\"_ _0\"></span>reemen<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ovides Elopak wit<span class=\"_ _0\"></span>h e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to vari<span class=\"_ _0\"></span>able r<span class=\"_ _0\"></span>eturns and power t<span class=\"_ _8\"></span>o affect t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>eturn<span class=\"_ _0\"></span>s fr<span class=\"_ _8\"></span>om GLS Elopak, which means t<span class=\"_ _0\"></span>hat Elopak will h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e contr<span class=\"_ _8\"></span>ol of GLS Elopak in accor<span class=\"_ _8\"></span>dance with IFR<span class=\"_ _8\"></span>S 10 and will consolid<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he compan<span class=\"_ _0\"></span>y as a sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y in Elopak\u2019<span class=\"_ _f\"></span>s financial stat<span class=\"_ _8\"></span>ements. GLS Elopak will le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age the r<span class=\"_ _8\"></span>espectiv<span class=\"_ _0\"></span>e expertise, a<span class=\"_ _0\"></span>ssets and network<span class=\"_ _0\"></span>s of Elopak and GLS t<span class=\"_ _8\"></span>o capitalize on t<span class=\"_ _0\"></span>he significant c<span class=\"_ _0\"></span>onsumer dem<span class=\"_ _0\"></span>and in India. The compan<span class=\"_ _0\"></span>y is bein<span class=\"_ _0\"></span>g est<span class=\"_ _0\"></span>ablished t<span class=\"_ _0\"></span>o manuf<span class=\"_ _8\"></span>actur<span class=\"_ _8\"></span>e and proce<span class=\"_ _0\"></span>ss high-quality f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh and as<span class=\"_ _0\"></span>eptic packa<span class=\"_ _0\"></span>ging solutions, which ar<span class=\"_ _8\"></span>e designed t<span class=\"_ _8\"></span>o ensur<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at liquid food i<span class=\"_ _0\"></span>s saf<span class=\"_ _8\"></span>e and accessible t<span class=\"_ _8\"></span>o consumer<span class=\"_ _8\"></span>s acro<span class=\"_ _0\"></span>ss the globe. The compan<span class=\"_ _8\"></span>y will cater t<span class=\"_ _8\"></span>o both f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh and as<span class=\"_ _0\"></span>eptic segmen<span class=\"_ _0\"></span>ts with applications s<span class=\"_ _0\"></span>uch as dairy, pl<span class=\"_ _0\"></span>ant-b<span class=\"_ _0\"></span>ased drink<span class=\"_ _0\"></span>s, juice, wat<span class=\"_ _8\"></span>er and liquor<span class=\"_ _0\"></span>.The tr<span class=\"_ _0\"></span>ansaction i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFRS 3 and t<span class=\"_ _0\"></span>he acquisition d<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>s Ma<span class=\"_ _0\"></span>y 13, 2022.The acquisition-d<span class=\"_ _0\"></span>ate f<span class=\"_ _8\"></span>air value of the t<span class=\"_ _8\"></span>otal consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed was EUR 12,79<span class=\"_ _1\"></span>3 thou<span class=\"ws0\">-</span>sand in ca<span class=\"_ _0\"></span>sh. T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction cos<span class=\"_ _0\"></span>ts of EUR 340 thous<span class=\"_ _0\"></span>and wer<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpensed and ar<span class=\"_ _8\"></span>e included in other oper<span class=\"_ _8\"></span>ating cos<span class=\"_ _0\"></span>ts. If the tr<span class=\"_ _8\"></span>ansactions h<span class=\"_ _0\"></span>ad occurr<span class=\"_ _8\"></span>ed Januar<span class=\"_ _a\"></span>y 1, 2022, GLS Elopak would ha<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>ributed EUR 7<span class=\"_ _0\"></span>3 thou<span class=\"_ _0\"></span>sand r<span class=\"_ _0\"></span>evenue and EUR -292 t<span class=\"_ _0\"></span>housand pr<span class=\"_ _8\"></span>ofit befor<span class=\"_ _8\"></span>e tax. Fr<span class=\"_ _8\"></span>om acquisition d<span class=\"_ _0\"></span>ate t<span class=\"_ _8\"></span>o reporting dat<span class=\"_ _8\"></span>e GLS Elopak has c<span class=\"_ _0\"></span>ontribut<span class=\"_ _0\"></span>ed EUR 5,217 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>evenue and EUR -713 thou<span class=\"_ _0\"></span>sand pr<span class=\"_ _0\"></span>ofit bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e tax.149Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in GLS Elopak at acquisition d<span class=\"_ _0\"></span>ate(EUR 1,000)ASSETSNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _222\"> </span> 29Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _262\"> </span> 1Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _224\"> </span> 10,462T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _263\"> </span> 10,492Curren<span class=\"_ _0\"></span>t assetsInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _264\"> </span>550Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _256\"> </span>797Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _d1\"> </span> 8,419T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _265\"> </span> 9,7<span class=\"_ _8\"></span>66T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s <span class=\"_ _266\"> </span> 20,258Non-curr<span class=\"_ _0\"></span>ent liabilitiesDefer<span class=\"_ _0\"></span>red tax liability<span class=\"_ _267\"> </span>6<span class=\"_ _a\"></span>24T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _1e7\"> </span>624Curren<span class=\"_ _0\"></span>t liabilitiesT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables<span class=\"_ _268\"> </span> 1,106Other curr<span class=\"_ _8\"></span>ent liablities <span class=\"_ _269\"> </span>12<span class=\"_ _0\"></span>4T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _268\"> </span> 1,230T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _26a\"> </span> 1,854T<span class=\"_ _1\"></span>otal identifiable net ass<span class=\"_ _0\"></span>ets at fair v<span class=\"_ _0\"></span>alue<span class=\"_ _26b\"> </span> 18,404Non-contr<span class=\"_ _0\"></span>olling int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st (at shar<span class=\"_ _0\"></span>e of identifiable net ass<span class=\"_ _0\"></span>ets)<span class=\"_ _80\"> </span> 9,202Pur<span class=\"_ _0\"></span>chase con<span class=\"_ _0\"></span>sideration <span class=\"_ _268\"> </span> 12,79<span class=\"_ _8\"></span>3Goodwill arising f<span class=\"_ _8\"></span>rom acquisition <span class=\"_ _226\"> </span> 3,591Purc<span class=\"_ _0\"></span>hase con<span class=\"_ _0\"></span>siderationCash consider<span class=\"_ _0\"></span>ation paid<span class=\"_ _26c\"> </span> 12,79<span class=\"_ _8\"></span>3T<span class=\"_ _1\"></span>otal consideration <span class=\"_ _26d\"> </span> 12,79<span class=\"_ _8\"></span>3150ElopakNot<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>Pr<span class=\"_ _8\"></span>ovision f<span class=\"_ _8\"></span>or defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is m<span class=\"_ _0\"></span>ade for t<span class=\"_ _0\"></span>he diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between acquisition c<span class=\"_ _0\"></span>ost and acquir<span class=\"_ _8\"></span>ed tax ba<span class=\"_ _0\"></span>se in accor<span class=\"_ _8\"></span>dance with IAS 12. Off<span class=\"_ _8\"></span>setting entry of this non-ca<span class=\"_ _0\"></span>sh def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax is g<span class=\"_ _0\"></span>oodwill. The r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g goodwill compris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he value of e<span class=\"_ _0\"></span>xpected s<span class=\"_ _0\"></span>ynergie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition and ass<span class=\"_ _0\"></span>embled workf<span class=\"_ _8\"></span>orce, which i<span class=\"_ _0\"></span>s not separ<span class=\"_ _8\"></span>ately r<span class=\"_ _8\"></span>ecognized.None of the goodwill r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed is deductible f<span class=\"_ _8\"></span>or income tax purpose<span class=\"_ _0\"></span>s.Analy<span class=\"_ _0\"></span>sis of cas<span class=\"_ _0\"></span>h flows on acquisition(EUR 1,000)Net cash acquir<span class=\"_ _8\"></span>ed with the subsidiary <span class=\"_ _3c\"> </span> 8,419Cash paid <span class=\"_ _26e\"> </span> 12,79<span class=\"_ _8\"></span>3Net cash flow f<span class=\"_ _8\"></span>rom acquisition (included in inv<span class=\"_ _0\"></span>esting activit<span class=\"_ _8\"></span>es) <span class=\"_ _189\"> </span> -4,3<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4 Acquisition<span class=\"_ _0\"></span>s of Natur<span class=\"_ _8\"></span>epakDate of busi<span class=\"_ _0\"></span>ness P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>eCompan<span class=\"_ _0\"></span>y<span class=\"_ _bc\"> </span>P<span class=\"_ _0\"></span>rincipal activitycombinationowned<span class=\"_ _173\"> </span>Acquiring entityNatur<span class=\"_ _8\"></span>epak Beverag<span class=\"_ _0\"></span>e\"Elopak BV (99%)Pack<span class=\"_ _0\"></span>aging Co Lt<span class=\"_ _0\"></span>d<span class=\"_ _142\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ading and manuf<span class=\"_ _8\"></span>acturing<span class=\"_ _43\"> </span>March 29, 2022<span class=\"_ _ca\"> </span>100 %Elopak UK Limited (1%)\"Elopak Ar<span class=\"_ _0\"></span>abia Holding Comp<span class=\"_ _0\"></span>any acquir<span class=\"_ _8\"></span>ed 100% of the votin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es of Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>ackagin<span class=\"_ _0\"></span>g Co Lt<span class=\"_ _0\"></span>d on Mar<span class=\"_ _0\"></span>ch 29, 2022. Nat<span class=\"_ _8\"></span>urepak Be<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age i<span class=\"_ _0\"></span>s the leading pr<span class=\"_ _8\"></span>ovider of f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh liquid carton and pack<span class=\"_ _0\"></span>aging sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems in the MENA r<span class=\"_ _8\"></span>egion with local pr<span class=\"_ _8\"></span>oduction facilitie<span class=\"_ _0\"></span>s in Mor<span class=\"_ _0\"></span>occo and Saudi Ar<span class=\"_ _0\"></span>abia, which will be int<span class=\"_ _8\"></span>egrat<span class=\"_ _8\"></span>ed into Elop<span class=\"_ _0\"></span>ak\u2019<span class=\"_ _1\"></span>s global pr<span class=\"_ _8\"></span>oduction network. Pr<span class=\"_ _8\"></span>esen<span class=\"_ _0\"></span>t in 16 countrie<span class=\"_ _0\"></span>s, Nat<span class=\"_ _0\"></span>urep<span class=\"_ _0\"></span>ak Bever<span class=\"_ _0\"></span>age h<span class=\"_ _0\"></span>as an annual pr<span class=\"_ _0\"></span>oduction capacity of 2.7 billion cartons acr<span class=\"_ _8\"></span>oss variou<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>oduct size<span class=\"_ _0\"></span>s and its cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>s are global blue chip FMCG pl<span class=\"_ _0\"></span>ayer<span class=\"_ _0\"></span>s and str<span class=\"_ _8\"></span>ong r<span class=\"_ _0\"></span>egional ch<span class=\"_ _0\"></span>ampions. The acquisition will r<span class=\"_ _8\"></span>einf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ce Elopak\u2019<span class=\"_ _1\"></span>s po<span class=\"_ _0\"></span>sition in the r<span class=\"_ _8\"></span>egion and is an impor<span class=\"_ _a\"></span>tant mile<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>one in man<span class=\"_ _0\"></span>agement\u2019<span class=\"_ _1\"></span>s ambition<span class=\"_ _0\"></span>s to tar<span class=\"_ _8\"></span>get 2-3% organic r<span class=\"_ _8\"></span>evenue gr<span class=\"_ _8\"></span>ow<span class=\"_ _a\"></span>th, deliver inor<span class=\"_ _0\"></span>ganic oppor<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>unities and gr<span class=\"_ _8\"></span>ow its global f<span class=\"_ _8\"></span>ootprint by ent<span class=\"_ _8\"></span>ering new geogr<span class=\"_ _8\"></span>aphies.The tr<span class=\"_ _0\"></span>ansaction i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFRS 3 and t<span class=\"_ _0\"></span>he acquisition d<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>s Mar<span class=\"_ _8\"></span>ch 29, 2022.151Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>The acquisition-d<span class=\"_ _0\"></span>ate f<span class=\"_ _8\"></span>air value of the t<span class=\"_ _8\"></span>otal consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed was EUR 85,383 t<span class=\"_ _0\"></span>hou<span class=\"ws0\">-</span>sand in ca<span class=\"_ _0\"></span>sh. T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction cos<span class=\"_ _0\"></span>ts of EUR 2,110 thou<span class=\"_ _0\"></span>sand wer<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpensed and ar<span class=\"_ _8\"></span>e included in other oper<span class=\"_ _8\"></span>ating cos<span class=\"_ _0\"></span>ts. If the tr<span class=\"_ _8\"></span>ansactions h<span class=\"_ _0\"></span>ad occurr<span class=\"_ _8\"></span>ed Januar<span class=\"_ _a\"></span>y 1, 2022, Natur<span class=\"_ _8\"></span>epak would ha<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>ributed EUR 7,7<span class=\"_ _1\"></span>65 r<span class=\"_ _8\"></span>evenue and EUR 917 pr<span class=\"_ _8\"></span>ofit befor<span class=\"_ _8\"></span>e tax. Fr<span class=\"_ _8\"></span>om acquisition dat<span class=\"_ _8\"></span>e t<span class=\"_ _0\"></span>o reporting dat<span class=\"_ _8\"></span>e Natur<span class=\"_ _8\"></span>epak has c<span class=\"_ _0\"></span>ontribut<span class=\"_ _0\"></span>ed EUR 33,422 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>evenue and EUR -2,527 thou<span class=\"_ _0\"></span>sand pr<span class=\"_ _0\"></span>ofit bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e tax.F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>ssets i<span class=\"_ _0\"></span>n Natur<span class=\"_ _8\"></span>epak Bever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackagin<span class=\"_ _0\"></span>g Co Lt<span class=\"_ _0\"></span>d at acquisition dat<span class=\"_ _8\"></span>e(EUR 1,000)ASSETSNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _9e\"> </span> 26,79<span class=\"_ _8\"></span>4Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _186\"> </span> 11,162Right-of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s<span class=\"_ _26f\"> </span> 50Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>set<span class=\"_ _17d\"> </span> 1,459Other non-curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _1c1\"> </span>446T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _263\"> </span> 39,910Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>sInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _270\"> </span> 1,480T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _271\"> </span> 4,881Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _272\"> </span> 2,644Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _273\"> </span> 1,495T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _1c1\"> </span> 10,500T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s <span class=\"_ _266\"> </span> 50,410152<span class=\"_ _ed\"> </span><span class=\"ff5\">Elopak</span>Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in Nat<span class=\"_ _0\"></span>urep<span class=\"_ _0\"></span>ak Bever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackagi<span class=\"_ _0\"></span>ng Co Lt<span class=\"_ _8\"></span>d at acquisition dat<span class=\"_ _0\"></span>econtinuedNon-curr<span class=\"_ _0\"></span>ent liabilitiesDefer<span class=\"_ _0\"></span>red tax liability<span class=\"_ _181\"> </span> 7,7<span class=\"_ _0\"></span>89Non-curr<span class=\"_ _0\"></span>ent lease li<span class=\"_ _0\"></span>abilities<span class=\"_ _268\"> </span> 32Other non-curr<span class=\"_ _8\"></span>ent liabilities<span class=\"_ _1c0\"> </span> 2,371T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _277\"> </span> 10,192Curr<span class=\"_ _0\"></span>ent liabilitiesCurr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _255\"> </span>713T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables<span class=\"_ _1f7\"> </span> 3,921Curr<span class=\"_ _0\"></span>ent lease liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _181\"> </span> 47Other curr<span class=\"_ _8\"></span>ent liablities <span class=\"_ _183\"> </span> 3,652T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _278\"> </span> 8,333T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _185\"> </span> 18,525T<span class=\"_ _1\"></span>otal identifiable net ass<span class=\"_ _0\"></span>ets at fair v<span class=\"_ _0\"></span>alue<span class=\"_ _be\"> </span> 31,885Pur<span class=\"_ _0\"></span>chase con<span class=\"_ _0\"></span>sideration <span class=\"_ _279\"> </span> 85,383Goodwill arising f<span class=\"_ _8\"></span>rom acquisition <span class=\"_ _274\"> </span> 53,498Purc<span class=\"_ _0\"></span>hase con<span class=\"_ _0\"></span>siderationCash consider<span class=\"_ _0\"></span>ation paid<span class=\"_ _279\"> </span> 85,383T<span class=\"_ _1\"></span>otal consideration <span class=\"_ _82\"> </span> 85,383Pr<span class=\"_ _8\"></span>ovision f<span class=\"_ _8\"></span>or defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is m<span class=\"_ _0\"></span>ade for t<span class=\"_ _0\"></span>he diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between acquisition c<span class=\"_ _0\"></span>ost and acquir<span class=\"_ _8\"></span>ed tax ba<span class=\"_ _0\"></span>se in accor<span class=\"_ _8\"></span>dance with IAS 12. Off<span class=\"_ _8\"></span>setting entry of this non-ca<span class=\"_ _0\"></span>sh def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax is g<span class=\"_ _0\"></span>oodwill. The r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g goodwill compris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he value of e<span class=\"_ _0\"></span>xpected s<span class=\"_ _0\"></span>ynergie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition and ass<span class=\"_ _0\"></span>embled workf<span class=\"_ _8\"></span>orce, which i<span class=\"_ _0\"></span>s not separ<span class=\"_ _8\"></span>ately r<span class=\"_ _8\"></span>ecognized.None of the goodwill r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed is deductible f<span class=\"_ _8\"></span>or income tax purpose<span class=\"_ _0\"></span>s.Analy<span class=\"_ _0\"></span>sis of cas<span class=\"_ _0\"></span>h flows on acquisition(EUR 1,000)Net cash acquir<span class=\"_ _8\"></span>ed with the subsidiary <span class=\"_ _274\"> </span> 1,495Cash paid <span class=\"_ _275\"> </span> 85,383Net cash flow f<span class=\"_ _8\"></span>rom acquisition (included in inv<span class=\"_ _0\"></span>esting activit<span class=\"_ _8\"></span>es) <span class=\"_ _276\"> </span> -83,888153Not<span class=\"_ _0\"></span>e 22 - Shar<span class=\"_ _8\"></span>es in s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s and joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>esThe f<span class=\"_ _0\"></span>ollowing comp<span class=\"_ _0\"></span>anies ar<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed as sub<span class=\"_ _0\"></span>sidiaries i<span class=\"_ _0\"></span>n Elopak GroupCompan<span class=\"_ _0\"></span>y<span class=\"_ _27a\"> </span>P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e owned<span class=\"_ _b\"> </span>Y<span class=\"_ _8\"></span>ear of acquisiti<span class=\"_ _0\"></span>on <span class=\"_ _64\"> </span>Country <span class=\"_ _27b\"> </span>Principal activityElopak AB<span class=\"_ _18d\"> </span>100 %<span class=\"_ _27c\"> </span><span class=\"lsaf ws1bc\">1<span class=\"_ _a\"></span>961<span class=\"_ _df\"> </span></span>Sweden<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radin<span class=\"_ _0\"></span>gElopak B.V.<span class=\"_ _27d\"> </span>100 %<span class=\"_ _1a9\"> </span>1968<span class=\"_ _45\"> </span>Netherlands<span class=\"_ _27e\"> </span>Manuf<span class=\"_ _0\"></span>acturingElopak GmbH<span class=\"_ _27f\"> </span>100 %<span class=\"_ _1a9\"> </span>1968<span class=\"_ _ca\"> </span>Germany<span class=\"_ _7\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak SpA<span class=\"_ _280\"> </span>100 %<span class=\"_ _27c\"> </span>1981<span class=\"_ _ac\"> </span>Italy<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>gElopak Oy<span class=\"_ _18d\"> </span>100 %<span class=\"_ _1a9\"> </span>1982<span class=\"_ _8e\"> </span>Finland<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>gElopak Sys<span class=\"_ _0\"></span>tems A<span class=\"_ _0\"></span>G<span class=\"_ _d6\"> </span>100 %<span class=\"_ _d3\"> </span>1984<span class=\"_ _153\"> </span>Switz<span class=\"_ _0\"></span>erland<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak Inc.<span class=\"_ _281\"> </span>100 %<span class=\"_ _173\"> </span>198<span class=\"_ _0\"></span>7<span class=\"_ _b1\"> </span><span class=\"ls8d ws14c\">USA<span class=\"_ _282\"> </span></span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingElopak Denmark A/<span class=\"_ _0\"></span>S<span class=\"_ _db\"> </span>100 %<span class=\"_ _d3\"> </span>1988<span class=\"_ _155\"> </span>Denmark<span class=\"_ _7\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak GesmbH<span class=\"_ _1a6\"> </span>100 %<span class=\"_ _d3\"> </span>1989<span class=\"_ _75\"> </span><span class=\"ls5a wsaa\">Austria<span class=\"_ _19f\"> </span></span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>gPrJSC Elop<span class=\"_ _0\"></span>ak F<span class=\"_ _0\"></span>astiv<span class=\"_ _18c\"> </span>99 %<span class=\"_ _1a9\"> </span>199<span class=\"_ _0\"></span>4<span class=\"_ _4e\"> </span>Ukraine<span class=\"_ _7\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak S.A. <span class=\"_ _215\"> </span>100 %<span class=\"_ _283\"> </span>199<span class=\"_ _8\"></span>4<span class=\"_ _75\"> </span>Poland<span class=\"_ _50\"> </span>T<span class=\"_ _1\"></span>rading and serviceElopak Isr<span class=\"_ _8\"></span>ael AS<span class=\"_ _133\"> </span>100 %<span class=\"_ _1a9\"> </span>1998<span class=\"_ _4e\"> </span>Nor<span class=\"_ _a\"></span>way<span class=\"_ _162\"> </span>HoldingElopak Canad<span class=\"_ _0\"></span>a Inc.<span class=\"_ _227\"> </span>100 %<span class=\"_ _284\"> </span>2000<span class=\"_ _27b\"> </span>Canada<span class=\"_ _7\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>g and manuf<span class=\"_ _0\"></span>acturingElofill GmbH<span class=\"_ _285\"> </span>100 %<span class=\"_ _284\"> </span>2000<span class=\"_ _14f\"> </span>Germany<span class=\"_ _162\"> </span>HoldingElopak s.r<span class=\"_ _8\"></span>.o.<span class=\"_ _1a0\"> </span>100 %<span class=\"_ _1b4\"> </span>2001<span class=\"_ _137\"> </span>Czech R<span class=\"_ _0\"></span>epublic<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingElopak UK Lt<span class=\"_ _0\"></span>d<span class=\"_ _286\"> </span>100 %<span class=\"_ _115\"> </span>2004<span class=\"_ _8b\"> </span>United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingElopak BS d.o.o<span class=\"_ _287\"> </span>100 %<span class=\"_ _1a9\"> </span>2017<span class=\"_ _1cc\"> </span>Serbia <span class=\"_ _91\"> </span>Ser<span class=\"_ _a\"></span>viceElopak Kft.<span class=\"_ _288\"> </span>100 %<span class=\"_ _199\"> </span>2<span class=\"_ _0\"></span>006<span class=\"_ _69\"> </span>Hungar<span class=\"_ _a\"></span>y<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak EOOD<span class=\"_ _24e\"> </span>100 %<span class=\"_ _115\"> </span><span class=\"ls5a wsaa\">2009<span class=\"_ _6d\"> </span></span>Bulgaria<span class=\"_ _19f\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingElopak T<span class=\"_ _1\"></span>unisie SARL<span class=\"_ _289\"> </span>100 %<span class=\"_ _1a9\"> </span>2017<span class=\"_ _66\"> </span>T<span class=\"_ _8\"></span>unisia<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak Egypt LL<span class=\"_ _0\"></span>C<span class=\"_ _152\"> </span>100 %<span class=\"_ _1a9\"> </span>2017<span class=\"_ _c6\"> </span>Egypt<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak Algerie SAR<span class=\"_ _0\"></span>L<span class=\"_ _227\"> </span>49 %<span class=\"_ _1a9\"> </span>2018<span class=\"_ _75\"> </span>Algeria<span class=\"_ _19f\"> </span>T<span class=\"_ _1\"></span>radingElopak Arabia Holding Comp<span class=\"_ _0\"></span>any LL<span class=\"_ _8\"></span>C100 %<span class=\"_ _20c\"> </span>2022<span class=\"_ _45\"> </span>Saudi Arabia<span class=\"_ _162\"> </span>HoldingElopak P<span class=\"_ _0\"></span>ackaging Compan<span class=\"_ _0\"></span>y LL<span class=\"_ _0\"></span>C<span class=\"_ _a7\"> </span>100 %<span class=\"_ _dc\"> </span>2022<span class=\"_ _45\"> </span>Saudi Arabia<span class=\"_ _7\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak Mor<span class=\"_ _0\"></span>occo Ltd<span class=\"_ _8c\"> </span>100 %<span class=\"_ _28a\"> </span>2022<span class=\"_ _155\"> </span>Mor<span class=\"_ _0\"></span>occo<span class=\"_ _7\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>g and manuf<span class=\"_ _0\"></span>acturingGLS Elopak<span class=\"_ _28b\"> </span>50 %<span class=\"_ _20c\"> </span>2022<span class=\"_ _c3\"> </span>India<span class=\"_ _7\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ading and manuf<span class=\"_ _0\"></span>acturing154<span class=\"_ _ed\"> </span><span class=\"ff5\">Elopak</span>Not<span class=\"_ _0\"></span>e 22 - Shar<span class=\"_ _8\"></span>es in s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s and joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es <span class=\"fc3\">continued</span>The f<span class=\"_ _0\"></span>ollowing joi<span class=\"_ _0\"></span>nt vent<span class=\"_ _8\"></span>ures ar<span class=\"_ _8\"></span>e accounted f<span class=\"_ _8\"></span>or in accorda<span class=\"_ _0\"></span>nce with the equity methodY<span class=\"_ _8\"></span>ear ofCompan<span class=\"_ _0\"></span>y<span class=\"_ _28c\"> </span>P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e ownedacquisition <span class=\"_ _aa\"> </span>Country<span class=\"_ _c6\"> </span>Principal activityLala Elopak S.A. de C.V.<span class=\"_ _138\"> </span>49 %<span class=\"_ _27b\"> </span>1998<span class=\"_ _27c\"> </span>Mexico<span class=\"_ _127\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>g and manuf<span class=\"_ _0\"></span>acturingImpre<span class=\"_ _0\"></span>sora Del Y<span class=\"_ _1\"></span>aque<span class=\"_ _1ba\"> </span>51 %<span class=\"_ _62\"> </span><span class=\"ls2c ws49\">2<span class=\"_ _a\"></span>007<span class=\"_ _1b3\"> </span></span>Dominican R<span class=\"_ _0\"></span>epublic<span class=\"_ _28d\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak Nampak Af<span class=\"_ _8\"></span>rica Ltd<span class=\"_ _28e\"> </span>50 %<span class=\"_ _19a\"> </span>2020<span class=\"_ _28f\"> </span><span class=\"ls1a ws37\">Ke<span class=\"_ _a\"></span>ny<span class=\"_ _a\"></span>a<span class=\"_ _237\"> </span></span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adingNot<span class=\"_ _0\"></span>e 23 - Other non-cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>etsOther cur<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>abilities(EUR 1,000)<span class=\"_ _1e3\"> </span>2022<span class=\"_ _1d7\"> </span>2021Contr<span class=\"_ _0\"></span>act asset<span class=\"_ _0\"></span>s (Note 25)<span class=\"_ _1f3\"> </span>3,77<span class=\"_ _0\"></span>5<span class=\"_ _95\"> </span>5,167Non-curr<span class=\"_ _0\"></span>ent finance lea<span class=\"_ _0\"></span>se receiv<span class=\"_ _0\"></span>ables (Not<span class=\"_ _0\"></span>e 12)<span class=\"_ _290\"> </span>5,865<span class=\"_ _23a\"> </span>5,656Financial ins<span class=\"_ _0\"></span>truments (Not<span class=\"_ _0\"></span>e 30)<span class=\"_ _291\"> </span>6,811<span class=\"_ _159\"> </span><span class=\"ls1 ws1\">690</span>Other non-curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _292\"> </span>3,390<span class=\"_ _293\"> </span>1,988Carrying amount 31.12<span class=\"_ _294\"> </span>19,841<span class=\"_ _238\"> </span>13,501Not<span class=\"_ _0\"></span>e 2<span class=\"_ _8\"></span>4 - Invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>yAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyCost i<span class=\"_ _0\"></span>s calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed using t<span class=\"_ _0\"></span>he FIFO co<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>ormula f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons, filling m<span class=\"_ _0\"></span>achines and sp<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ts.Inven<span class=\"_ _0\"></span>tory(EUR 1,000) Raw  W<span class=\"_ _0\"></span>ork in  Finished2022mat<span class=\"_ _0\"></span>erials pro<span class=\"_ _a\"></span>gress<span class=\"_ _a\"></span> goods <span class=\"_ _5a\"> </span> T<span class=\"_ _1\"></span>otalCost 3<span class=\"_ _0\"></span>1.12<span class=\"_ _295\"> </span>34,579<span class=\"_ _49\"> </span>84,954<span class=\"_ _5a\"> </span>78,549<span class=\"_ _2f\"> </span>198,082Write down 01.01<span class=\"_ _296\"> </span>-307<span class=\"_ _d8\"> </span>-<span class=\"_ _7f\"> </span>5,142<span class=\"_ _5c\"> </span>4,835Re<span class=\"_ _0\"></span>alised <span class=\"_ _9d\"> </span>308<span class=\"_ _109\"> </span>-<span class=\"_ _c4\"> </span>-615<span class=\"_ _1c8\"> </span>-308Write down<span class=\"_ _f0\"> </span>3,754<span class=\"_ _8e\"> </span>19<span class=\"_ _12c\"> </span>2,573<span class=\"_ _47\"> </span>6,347Write down per 3<span class=\"_ _0\"></span>1.12.<span class=\"_ _171\"> </span>3,755<span class=\"_ _53\"> </span>19<span class=\"_ _c8\"> </span>7,100<span class=\"_ _5e\"> </span>10,87<span class=\"_ _1\"></span>4Carrying amount 31.12<span class=\"_ _19c\"> </span>30,82<span class=\"_ _0\"></span>4<span class=\"_ _45\"> </span>84,9<span class=\"_ _0\"></span>34<span class=\"_ _4b\"> </span>71,449<span class=\"_ _103\"> </span>187,208155Not<span class=\"_ _0\"></span>e 2<span class=\"_ _8\"></span>4 - Invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y <span class=\"fc3\">continued</span>(EUR 1,000) Raw  W<span class=\"_ _0\"></span>ork in  Finished2021mat<span class=\"_ _0\"></span>erials pro<span class=\"_ _a\"></span>gress<span class=\"_ _a\"></span> goods <span class=\"_ _5a\"> </span> T<span class=\"_ _1\"></span>otalCost 3<span class=\"_ _0\"></span>1.12<span class=\"_ _297\"> </span>20,292<span class=\"_ _46\"> </span>62,800<span class=\"_ _5a\"> </span>66,857<span class=\"_ _22\"> </span>149,9<span class=\"_ _8\"></span>49Write down 01.01<span class=\"_ _298\"> </span>3,028<span class=\"_ _73\"> </span>519<span class=\"_ _5c\"> </span>3,423<span class=\"_ _5c\"> </span>6,970Re<span class=\"_ _0\"></span>alised <span class=\"_ _107\"> </span>-3,028<span class=\"_ _118\"> </span>-519<span class=\"_ _c4\"> </span>-219<span class=\"_ _52\"> </span>-3,7<span class=\"_ _8\"></span>66Write down<span class=\"_ _51\"> </span>-307<span class=\"_ _d8\"> </span>-<span class=\"_ _84\"> </span>1,9<span class=\"_ _8\"></span>38<span class=\"_ _7b\"> </span>1,631Write down per 3<span class=\"_ _0\"></span>1.12.<span class=\"_ _299\"> </span>-307<span class=\"_ _109\"> </span>-<span class=\"_ _5c\"> </span>5,142<span class=\"_ _48\"> </span>4,835Carrying amount 31.12<span class=\"_ _29a\"> </span>20,599<span class=\"_ _22\"> </span>62,800<span class=\"_ _153\"> </span>61,715<span class=\"_ _41\"> </span>145,115156ElopakNot<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyT<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade and other r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s that ar<span class=\"_ _8\"></span>e held to collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual cash flo<span class=\"_ _0\"></span>ws only and the contr<span class=\"_ _8\"></span>actual ca<span class=\"_ _0\"></span>sh flows ar<span class=\"_ _8\"></span>e solely principal and int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured <span class=\"_ _0\"></span>at amor<span class=\"_ _a\"></span>tised co<span class=\"_ _0\"></span>st usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _8\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est met<span class=\"_ _0\"></span>hod, less an<span class=\"_ _8\"></span>y impairment. Shor<span class=\"_ _a\"></span>t-t<span class=\"_ _8\"></span>erm receiv<span class=\"_ _0\"></span>ables ar<span class=\"_ _8\"></span>e measur<span class=\"_ _8\"></span>ed at nominal v<span class=\"_ _0\"></span>alues r<span class=\"_ _8\"></span>educed by appr<span class=\"_ _0\"></span>opriate allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or expect<span class=\"_ _8\"></span>ed credit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s.Accoun<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s which ar<span class=\"_ _0\"></span>e subject t<span class=\"_ _8\"></span>o non-recour<span class=\"_ _8\"></span>se f<span class=\"_ _0\"></span>actorin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sified as ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>ts held t<span class=\"_ _0\"></span>o collect contr<span class=\"_ _8\"></span>actual ca<span class=\"_ _0\"></span>sh flows and f<span class=\"_ _8\"></span>or sale and ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _8\"></span>ough other compr<span class=\"_ _8\"></span>ehensive income un<span class=\"_ _0\"></span>til they ar<span class=\"_ _8\"></span>e derecog<span class=\"_ _0\"></span>nised.See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or non-derivative fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _0\"></span>ruments ac<span class=\"_ _0\"></span>counting policy<span class=\"_ _8\"></span>.Impairmen<span class=\"_ _0\"></span>t of financi<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>etsThe los<span class=\"_ _0\"></span>s allowance f<span class=\"_ _8\"></span>or expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es is mo<span class=\"_ _0\"></span>stly r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to individual a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s and is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed f<span class=\"_ _8\"></span>or financial as<span class=\"_ _0\"></span>set mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _a\"></span>ti<span class=\"_ _0\"></span>sed cos<span class=\"_ _0\"></span>t or f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ough OCI, contr<span class=\"_ _8\"></span>act ass<span class=\"_ _0\"></span>ets under IFR<span class=\"_ _0\"></span>S 15, leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivables under IFR<span class=\"_ _8\"></span>S 16 and cer<span class=\"_ _a\"></span>tain writt<span class=\"_ _0\"></span>en loan commitment<span class=\"_ _0\"></span>s and financial g<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ee contr<span class=\"_ _8\"></span>acts. Los<span class=\"_ _0\"></span>s allowance i<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed at each r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting da<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>. Los<span class=\"_ _0\"></span>s allowance<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s, contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s and lease r<span class=\"_ _8\"></span>eceivables t<span class=\"_ _0\"></span>hat do not con<span class=\"_ _0\"></span>tain a significan<span class=\"_ _0\"></span>t financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at an amount equal t<span class=\"_ _0\"></span>o lif<span class=\"_ _0\"></span>etime expect<span class=\"_ _8\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es. L<span class=\"_ _0\"></span>oss allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivables, con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act ass<span class=\"_ _0\"></span>ets and leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at do contain a signific<span class=\"_ _0\"></span>ant financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured at an amoun<span class=\"_ _0\"></span>t equal to<span class=\"_ _0\"></span> the lif<span class=\"_ _8\"></span>etime expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es includin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _8\"></span>evenues. When t<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>s no objective evidence of impairmen<span class=\"_ _0\"></span>t, int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e calculat<span class=\"_ _8\"></span>ed based on gr<span class=\"_ _8\"></span>oss c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount, otherwise in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>ests ar<span class=\"_ _8\"></span>e calcul<span class=\"_ _0\"></span>ated b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he net carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t. The amount of the los<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed in pr<span class=\"_ _0\"></span>ofit or loss. In c<span class=\"_ _0\"></span>ase of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s to e<span class=\"_ _8\"></span>xpected cr<span class=\"_ _8\"></span>edit losse<span class=\"_ _0\"></span>s in a subs<span class=\"_ _0\"></span>equent period, the pr<span class=\"_ _8\"></span>eviously r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xt<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>at the carrying value of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed its amor<span class=\"_ _a\"></span>tiz<span class=\"_ _0\"></span>ed cost at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal dat<span class=\"_ _8\"></span>e. Any sub<span class=\"_ _0\"></span>sequent r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal of an impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in pr<span class=\"_ _0\"></span>ofit or los<span class=\"_ _0\"></span>s.157Not<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets <span class=\"fc3\">continued</span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021Account<span class=\"_ _0\"></span>s receivable, g<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s<span class=\"_ _236\"> </span>106,2<span class=\"_ _8\"></span>43<span class=\"_ _52\"> </span>95,7<span class=\"_ _8\"></span>64Allowance<span class=\"_ _0\"></span>s<span class=\"_ _29b\"> </span>-4,045<span class=\"_ _153\"> </span>-4,231Carrying amount 31.12<span class=\"_ _f6\"> </span>102,19<span class=\"_ _0\"></span>7<span class=\"_ _4b\"> </span>91,533T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _0\"></span>ables ar<span class=\"_ _8\"></span>e non-inter<span class=\"_ _8\"></span>est bearin<span class=\"_ _0\"></span>g and ar<span class=\"_ _0\"></span>e gener<span class=\"_ _0\"></span>ally on term<span class=\"_ _0\"></span>s of 30 to 90 d<span class=\"_ _0\"></span>ays. T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables(EUR 1,000)2022<span class=\"_ _225\"> </span>Gro<span class=\"_ _0\"></span>ss carrying amount<span class=\"_ _1bd\"> </span>Los<span class=\"_ _0\"></span>s rat<span class=\"_ _0\"></span>e<span class=\"_ _22\"> </span>Expect<span class=\"_ _0\"></span>ed credit los<span class=\"_ _0\"></span>sCurr<span class=\"_ _0\"></span>ent<span class=\"_ _15d\"> </span>84,354<span class=\"_ _29c\"> </span>2.9 %<span class=\"_ _19f\"> </span>2,443Up to 7 d<span class=\"_ _0\"></span>ays<span class=\"_ _151\"> </span>8,422<span class=\"_ _1bb\"> </span>0.0 %<span class=\"_ _db\"> </span>-Up to 30 d<span class=\"_ _0\"></span>ays<span class=\"_ _29a\"> </span>3,677<span class=\"_ _29d\"> </span>0.3 %<span class=\"_ _15f\"> </span>1130-60 days<span class=\"_ _ad\"> </span>2,558<span class=\"_ _29c\"> </span>6.6 %<span class=\"_ _13e\"> </span><span class=\"ls1 ws1\">1<span class=\"_ _a\"></span>69</span>60-90 days<span class=\"_ _299\"> </span>1,416<span class=\"_ _29c\"> </span>2.0 %<span class=\"_ _293\"> </span>29Over 90 da<span class=\"_ _0\"></span>ys<span class=\"_ _19c\"> </span>5,815<span class=\"_ _1a3\"> </span>2<span class=\"_ _0\"></span>4.0 %<span class=\"_ _29e\"> </span>1,395To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _154\"> </span>106,243<span class=\"_ _162\"> </span>3.8 %<span class=\"_ _1bb\"> </span>4,045(EUR 1,000)2021<span class=\"_ _18e\"> </span>Gross ca<span class=\"_ _0\"></span>rr<span class=\"_ _a\"></span>ying amount<span class=\"_ _1bd\"> </span>L<span class=\"_ _0\"></span>oss r<span class=\"_ _0\"></span>ate<span class=\"_ _2b\"> </span>Expected credit lo<span class=\"_ _0\"></span>ssCurr<span class=\"_ _0\"></span>ent<span class=\"_ _16f\"> </span>77,293<span class=\"_ _29f\"> </span>1.4 %<span class=\"_ _29f\"> </span>1,084Up to 7 d<span class=\"_ _0\"></span>ays<span class=\"_ _171\"> </span>5,157<span class=\"_ _29c\"> </span>0.2 %<span class=\"_ _159\"> </span>8Up to 30 d<span class=\"_ _0\"></span>ays<span class=\"_ _fc\"> </span>5,356<span class=\"_ _138\"> </span>1.3 %<span class=\"_ _95\"> </span><span class=\"lsb2 ws1d2\">67</span>30-60 days<span class=\"_ _299\"> </span>1,907<span class=\"_ _29c\"> </span>8.9 %<span class=\"_ _13e\"> </span><span class=\"ls5 wsd\">1<span class=\"_ _a\"></span>70</span>60-90 days<span class=\"_ _78\"> </span>1,198<span class=\"_ _19f\"> </span>5.2 %<span class=\"_ _2a0\"> </span><span class=\"ls5a wsaa\">62</span>Over 90 da<span class=\"_ _0\"></span>ys<span class=\"_ _195\"> </span>4,853<span class=\"_ _2a1\"> </span>58.5 %<span class=\"_ _29c\"> </span>2,840To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _203\"> </span>95,7<span class=\"_ _1\"></span>64<span class=\"_ _162\"> </span>4.4 %<span class=\"_ _19f\"> </span>4,231158<span class=\"_ _ed\"> </span><span class=\"ff5\">Elopak</span>Not<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets <span class=\"fc3\">continued</span>Movemen<span class=\"_ _0\"></span>t in the allow<span class=\"_ _0\"></span>ance f<span class=\"_ _0\"></span>or expect<span class=\"_ _8\"></span>ed credit los<span class=\"_ _0\"></span>ses of t<span class=\"_ _0\"></span>rade r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021As at 1.1<span class=\"_ _2a2\"> </span> 4,231<span class=\"_ _c1\"> </span> 3,834Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _2a3\"> </span>802<span class=\"_ _d8\"> </span>-Chang<span class=\"_ _0\"></span>e in provi<span class=\"_ _0\"></span>sion for e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es<span class=\"_ _b4\"> </span>-721<span class=\"_ _55\"> </span><span class=\"lsa9 wsc\">4<span class=\"_ _a\"></span>93</span>Chang<span class=\"_ _0\"></span>e in write-off<span class=\"_ _2a4\"> </span>-16<span class=\"_ _69\"> </span>-18F<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange mov<span class=\"_ _0\"></span>ement<span class=\"_ _5f\"> </span>-251<span class=\"_ _108\"> </span><span class=\"lsb9 ws205\">-<span class=\"_ _a\"></span>78</span>Carrying amount 31.12<span class=\"_ _2a5\"> </span>4,045<span class=\"_ _5c\"> </span>4,231Other cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021Pr<span class=\"_ _0\"></span>oject income earned, not invoiced<span class=\"_ _2a6\"> </span>39,195<span class=\"_ _5a\"> </span>36,27<span class=\"_ _8\"></span>6Pr<span class=\"_ _0\"></span>epaid support <span class=\"_ _2a7\"> </span>2,129<span class=\"_ _5c\"> </span>2,5201)Contr<span class=\"_ _0\"></span>act asset<span class=\"_ _0\"></span>s 41,32<span class=\"_ _0\"></span>4<span class=\"_ _15\"> </span>38,796Pr<span class=\"_ _0\"></span>epayment<span class=\"_ _0\"></span>s and accrued expens<span class=\"_ _0\"></span>es<span class=\"_ _1f5\"> </span>14,47<span class=\"_ _1\"></span>6<span class=\"_ _47\"> </span>9,997V.A.T<span class=\"_ _8\"></span>. receivable<span class=\"_ _1f6\"> </span>2<span class=\"_ _8\"></span>4,639<span class=\"_ _5a\"> </span>19,330Accrued income t<span class=\"_ _0\"></span>ax receivable<span class=\"_ _0\"></span>s<span class=\"_ _21a\"> </span>5,382<span class=\"_ _7f\"> </span>6,951Financial ins<span class=\"_ _0\"></span>truments<span class=\"_ _230\"> </span>999<span class=\"_ _47\"> </span>5,6<span class=\"_ _0\"></span>96Finance lea<span class=\"_ _0\"></span>sing receiv<span class=\"_ _0\"></span>able shor<span class=\"_ _a\"></span>t t<span class=\"_ _0\"></span>erm<span class=\"_ _2a6\"> </span>2,362<span class=\"_ _c8\"> </span>4,564Curr<span class=\"_ _0\"></span>ent invest<span class=\"_ _0\"></span>ments of shar<span class=\"_ _0\"></span>es<span class=\"_ _2a8\"> </span>4,829<span class=\"_ _d8\"> </span>-Other curr<span class=\"_ _8\"></span>ent receivable<span class=\"_ _0\"></span>s<span class=\"_ _1ed\"> </span>15,2<span class=\"_ _0\"></span>02<span class=\"_ _52\"> </span>16,260Carrying amount 31.12 1)<span class=\"_ _4a\"> </span>109,214<span class=\"_ _40\"> </span>101,5951)Contr<span class=\"_ _8\"></span>act assets consi<span class=\"_ _0\"></span>st of pr<span class=\"_ _0\"></span>epaid r<span class=\"_ _0\"></span>ebate<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ed futur<span class=\"_ _8\"></span>e sales of carton and clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>otal of pr<span class=\"_ _0\"></span>epaid support was EUR 5,904 thou<span class=\"_ _0\"></span>sand in 2022 and EUR 7,687 t<span class=\"_ _0\"></span>housand in 2021. Based on c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer knowledge and e<span class=\"_ _8\"></span>xperience of ver<span class=\"_ _a\"></span>y f<span class=\"_ _0\"></span>ew loss<span class=\"_ _0\"></span>es, the cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _8\"></span>elated t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>epaid support is consider<span class=\"_ _0\"></span>ed insignific<span class=\"_ _0\"></span>ant.159Not<span class=\"_ _0\"></span>e 26 - E<span class=\"_ _0\"></span>mploy<span class=\"_ _0\"></span>ee reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t benefit plansDefined contributi<span class=\"_ _0\"></span>on plansThe Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s defined contribution pen<span class=\"_ _0\"></span>sion plans wher<span class=\"_ _8\"></span>e the plans ar<span class=\"_ _8\"></span>e held separ<span class=\"_ _0\"></span>ately f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om thos<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _8\"></span>oup in funds under con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of tru<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ees. The only obligation of the Gr<span class=\"_ _8\"></span>oup is t<span class=\"_ _8\"></span>o mak<span class=\"_ _0\"></span>e the specified con<span class=\"_ _0\"></span>tributions.Defined benefit plan<span class=\"_ _0\"></span>sThe Gr<span class=\"_ _0\"></span>oup also r<span class=\"_ _0\"></span>uns pension plan<span class=\"_ _0\"></span>s that g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ant the employ<span class=\"_ _0\"></span>ees a right t<span class=\"_ _8\"></span>o defined fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e bene<span class=\"ws0\">-</span>fits. The<span class=\"_ _0\"></span>se defined benefit plans include in t<span class=\"_ _8\"></span>otal 7 pers<span class=\"_ _0\"></span>ons, which is one per<span class=\"_ _0\"></span>son le<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>anf<span class=\"_ _0\"></span>or 2021. The benefits ar<span class=\"_ _8\"></span>e mainly dependent on ye<span class=\"_ _0\"></span>ars of s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice, the le<span class=\"_ _0\"></span>vel of sal<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y at age of r<span class=\"_ _0\"></span>etir<span class=\"_ _0\"></span>ement and size of <span class=\"_ _0\"></span>contributions f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he nation<span class=\"_ _0\"></span>al insur<span class=\"_ _8\"></span>ance. The obligations ar<span class=\"_ _0\"></span>e par<span class=\"_ _a\"></span>tly cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough ins<span class=\"_ _0\"></span>uranc<span class=\"_ _0\"></span>e companies. Elop<span class=\"_ _0\"></span>ak ha<span class=\"_ _0\"></span>s unfun<span class=\"_ _0\"></span>ded ret<span class=\"_ _0\"></span>iree med<span class=\"_ _0\"></span>ical insur<span class=\"_ _8\"></span>ance plans f<span class=\"_ _0\"></span>or cer<span class=\"_ _a\"></span>tain of its emplo<span class=\"_ _0\"></span>yees loc<span class=\"_ _0\"></span>ated in t<span class=\"_ _0\"></span>he Unit<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>es.P<span class=\"_ _0\"></span>ension liability(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021Defined benefit obligations<span class=\"_ _2a9\"> </span>-2,668<span class=\"_ _106\"> </span>-2,580F<span class=\"_ _0\"></span>air value of plan a<span class=\"_ _0\"></span>ssets<span class=\"_ _2aa\"> </span>-<span class=\"_ _8e\"> </span>16Net pension liability<span class=\"_ _4d\"> </span>-2,668<span class=\"_ _49\"> </span>-2,563P<span class=\"_ _0\"></span>ension e<span class=\"_ _0\"></span>xpense(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021Defined benefit plans net<span class=\"_ _4d\"> </span>84<span class=\"_ _df\"> </span>36Defined contribution plan<span class=\"_ _0\"></span>s<span class=\"_ _2ab\"> </span>9,597<span class=\"_ _1c8\"> </span>9,851T<span class=\"_ _1\"></span>otal pension expen<span class=\"_ _0\"></span>ses<span class=\"_ _21e\"> </span>9,681<span class=\"_ _c8\"> </span>9,887Defined benefit plans ar<span class=\"_ _8\"></span>e subject t<span class=\"_ _0\"></span>o actuarial c<span class=\"_ _0\"></span>alculation<span class=\"_ _0\"></span>s. The estim<span class=\"_ _0\"></span>ated pen<span class=\"_ _0\"></span>sion cost f<span class=\"_ _8\"></span>or pension benefit plan<span class=\"_ _0\"></span>s in 2022 is EUR 84 t<span class=\"_ _0\"></span>housand and in 2<span class=\"_ _0\"></span>021 is EUR 36 thou<span class=\"_ _0\"></span>sand.160ElopakNot<span class=\"_ _0\"></span>e 27 - Capital m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agementElopak\u2019<span class=\"_ _f\"></span>s level of capital and ho<span class=\"_ _0\"></span>w this i<span class=\"_ _0\"></span>s man<span class=\"_ _0\"></span>aged r<span class=\"_ _8\"></span>elate<span class=\"_ _0\"></span>s closely t<span class=\"_ _8\"></span>o the Compan<span class=\"_ _0\"></span>y<span class=\"_ _a\"></span>\u2019<span class=\"_ _1\"></span>s ri<span class=\"_ _0\"></span>sk pr<span class=\"_ _0\"></span>ofile and the Compan<span class=\"_ _8\"></span>y<span class=\"_ _16\"></span>\u2019<span class=\"_ _f\"></span>s abilit<span class=\"_ _a\"></span>y t<span class=\"_ _0\"></span>o withst<span class=\"_ _0\"></span>and turbulen<span class=\"_ _0\"></span>t times. The m<span class=\"_ _0\"></span>ain objectives when Elop<span class=\"_ _0\"></span>ak ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s their capital m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement is t<span class=\"_ _8\"></span>o minimize financin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>ts, while main<span class=\"_ _0\"></span>taining adequat<span class=\"_ _0\"></span>e liquidity and flexibility f<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _8\"></span>erm liquidity needs and M&amp;A activities. Elopak\u2019<span class=\"_ _f\"></span>s financialguidin<span class=\"_ _0\"></span>g is t<span class=\"_ _0\"></span>o pay out dividend<span class=\"_ _0\"></span>s equal to 50% - 60% of adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed net profit<span class=\"_ _0\"></span>s.All financin<span class=\"_ _0\"></span>g activities ar<span class=\"_ _8\"></span>e manag<span class=\"_ _0\"></span>ed by the cen<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>al T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y at the par<span class=\"_ _0\"></span>ent compan<span class=\"_ _8\"></span>y level. The capital need<span class=\"_ _0\"></span>s of Elopak subsidi<span class=\"_ _0\"></span>aries ar<span class=\"_ _0\"></span>e mainly co<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>ed by gr<span class=\"_ _0\"></span>anting int<span class=\"_ _8\"></span>ernal loans or b<span class=\"_ _0\"></span>y equity injection wher<span class=\"_ _0\"></span>e applicable. The short-term liquidity needs of Elop<span class=\"_ _0\"></span>ak gr<span class=\"_ _0\"></span>oup companies ar<span class=\"_ _8\"></span>eman<span class=\"_ _0\"></span>aged at gr<span class=\"_ _8\"></span>oup level thr<span class=\"_ _8\"></span>ough the Elopak int<span class=\"_ _8\"></span>ernal bank and c<span class=\"_ _0\"></span>ash-pooling. The fin<span class=\"_ _0\"></span>ancial guidin<span class=\"_ _0\"></span>g also tar<span class=\"_ _8\"></span>gets const<span class=\"_ _0\"></span>antly th<span class=\"_ _0\"></span>at the Compan<span class=\"_ _8\"></span>y reduce<span class=\"_ _0\"></span>s its gearin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>atio and to be ~2.0x EBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A on a mid-term ba<span class=\"_ _0\"></span>sis.The financial c<span class=\"_ _0\"></span>oven<span class=\"_ _0\"></span>ants under Elopak\u2019<span class=\"_ _f\"></span>s R<span class=\"_ _0\"></span>evolvin<span class=\"_ _0\"></span>g Cr<span class=\"_ _0\"></span>edit F<span class=\"_ _8\"></span>acility are limit<span class=\"_ _8\"></span>ed to a m<span class=\"_ _0\"></span>aximum gearin<span class=\"_ _0\"></span>g ratio (Net In<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est Bearin<span class=\"_ _0\"></span>g Debit/EBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A) of 4.55x and to hold a minimum equity of EUR 100 million at all times. F<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>thermor<span class=\"_ _0\"></span>e, ther<span class=\"_ _0\"></span>e is al<span class=\"_ _0\"></span>so a \u201c<span class=\"_ _8\"></span>Chang<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>ol\u201d ownership cl<span class=\"_ _0\"></span>ause in place t<span class=\"_ _0\"></span>hat commits F<span class=\"_ _8\"></span>er<span class=\"_ _0\"></span>d to hold at lea<span class=\"_ _0\"></span>st 1/3 of the t<span class=\"_ _8\"></span>otal shar<span class=\"_ _8\"></span>es outst<span class=\"_ _0\"></span>anding.1<span class=\"_ _a\"></span>61Not<span class=\"_ _0\"></span>e 28 \u2013 Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st-beari<span class=\"_ _0\"></span>ng loan<span class=\"_ _0\"></span>s and borr<span class=\"_ _0\"></span>owing<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicySee Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or non-derivative fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _0\"></span>ruments ac<span class=\"_ _0\"></span>counting policy<span class=\"_ _8\"></span>.Int<span class=\"_ _8\"></span>erest<span class=\"_ _0\"></span>-bearing lo<span class=\"_ _0\"></span>ans and borr<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>gs2022<span class=\"_ _23c\"> </span>2021(EUR 1,000)<span class=\"_ _2ac\"> </span>Av<span class=\"_ _0\"></span>ailable<span class=\"_ _3f\"> </span>Utilised<span class=\"_ _123\"> </span>Av<span class=\"_ _0\"></span>ailable<span class=\"_ _3f\"> </span>UtilisedCurr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _281\"> </span>57,0<span class=\"_ _0\"></span>73<span class=\"_ _153\"> </span>21,682<span class=\"_ _15\"> </span>56,804<span class=\"_ _52\"> </span>14,420Non-curr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _2ad\"> </span>400,000<span class=\"_ _f9\"> </span>304,033<span class=\"_ _1b3\"> </span>400,000<span class=\"_ _2b\"> </span>169,433To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2ae\"> </span>325,715<span class=\"_ _29c\"> </span>183,854R<span class=\"_ _0\"></span>epaymen<span class=\"_ _0\"></span>t profile(EUR 1,000)<span class=\"_ _2af\"> </span>2022<span class=\"_ _6b\"> </span>20212022<span class=\"_ _181\"> </span>-<span class=\"_ _c4\"> </span>14,4202023<span class=\"_ _26c\"> </span>21,682<span class=\"_ _c8\"> </span>170,0002<span class=\"_ _a\"></span>024<span class=\"_ _1e4\"> </span>-<span class=\"_ _a4\"> </span>-2025<span class=\"_ _7c\"> </span>305,000<span class=\"_ _ac\"> </span>-To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2b0\"> </span>326,682<span class=\"_ _153\"> </span>184,420W<span class=\"_ _8\"></span>eighted a<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>age int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s on long t<span class=\"_ _0\"></span>erm loans2022<span class=\"_ _2b1\"> </span>2021(EUR 1,000)<span class=\"_ _20b\"> </span><span class=\"ff2 lsd ws1a\">Rate<span class=\"_ _47\"> </span></span>in Ccy <span class=\"_ _52\"> </span>in EUR<span class=\"_ _47\"> </span>in Ccy <span class=\"_ _52\"> </span>in EUREUR<span class=\"_ _2b2\"> </span>2,04 %<span class=\"_ _28\"> </span>305,000 <span class=\"_ _103\"> </span>305,000 <span class=\"_ _45\"> </span>17<span class=\"_ _0\"></span>0,000 <span class=\"_ _45\"> </span>170,000To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1e3\"> </span>305,000<span class=\"_ _242\"> </span>170,000162ElopakThe value<span class=\"_ _0\"></span>s above ar<span class=\"_ _8\"></span>e gr<span class=\"_ _0\"></span>oss amoun<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xcludin<span class=\"_ _0\"></span>g amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ed borr<span class=\"_ _0\"></span>owing co<span class=\"_ _0\"></span>sts.The long t<span class=\"_ _8\"></span>erm loans ar<span class=\"_ _0\"></span>e dr<span class=\"_ _0\"></span>awn under a EUR 400,000 multi curr<span class=\"_ _8\"></span>ency r<span class=\"_ _0\"></span>evolving cr<span class=\"_ _8\"></span>edit f<span class=\"_ _0\"></span>acility. The f<span class=\"_ _0\"></span>acility is av<span class=\"_ _0\"></span>ailable until M<span class=\"_ _0\"></span>ay 2025. Amoun<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e shown net of pr<span class=\"_ _0\"></span>epaid tr<span class=\"_ _8\"></span>ansaction co<span class=\"_ _0\"></span>sts. Chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s<span class=\"_ _a\"></span> t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _0\"></span>oups debt pr<span class=\"_ _8\"></span>ofile reflect ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in the f<span class=\"_ _0\"></span>unctional c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ency of entities within t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup.Elopak ha<span class=\"_ _0\"></span>s sev<span class=\"_ _0\"></span>eral b<span class=\"_ _0\"></span>ank coven<span class=\"_ _0\"></span>ants r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he syndicat<span class=\"_ _8\"></span>e loan f<span class=\"_ _0\"></span>acility. The m<span class=\"_ _0\"></span>ain coven<span class=\"_ _0\"></span>ants ar<span class=\"_ _8\"></span>e:<span class=\"_ _a\"></span> i) Net Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est Be<span class=\"_ _0\"></span>aring Debt divided by 12 mon<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>olling EBI<span class=\"_ _8\"></span>TD<span class=\"_ _0\"></span>A, and ii) Nominal E<span class=\"_ _8\"></span>quity. Elopak is in compli<span class=\"_ _0\"></span>ance with all cov<span class=\"_ _0\"></span>enant<span class=\"_ _0\"></span>s as of 3<span class=\"_ _0\"></span>1 December 2022 and e<span class=\"_ _0\"></span>xpects t<span class=\"_ _0\"></span>o be compliant with all bank cov<span class=\"_ _0\"></span>enan<span class=\"_ _0\"></span>ts under the sy<span class=\"_ _0\"></span>ndicat<span class=\"_ _0\"></span>e loan agr<span class=\"_ _8\"></span>eement for t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eseeable f<span class=\"_ _8\"></span>utur<span class=\"_ _8\"></span>e.Account<span class=\"_ _0\"></span>s receiv<span class=\"_ _0\"></span>ables f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>oring f<span class=\"_ _8\"></span>acilities(EUR 1,000)<span class=\"_ _2ac\"> </span>Av<span class=\"_ _0\"></span>ailable<span class=\"_ _10b\"> </span>2022<span class=\"_ _123\"> </span>Avail<span class=\"_ _0\"></span>able<span class=\"_ _194\"> </span>2<span class=\"_ _0\"></span>021Non-rec<span class=\"_ _0\"></span>ourse<span class=\"_ _a8\"> </span>17<span class=\"_ _0\"></span>9,275<span class=\"_ _c1\"> </span>41,823<span class=\"_ _46\"> </span>130,167<span class=\"_ _45\"> </span>40,034To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _231\"> </span>41,823<span class=\"_ _138\"> </span>40,034Elopak f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s its r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s in the or<span class=\"_ _8\"></span>dinar<span class=\"_ _a\"></span>y cour<span class=\"_ _0\"></span>se of busine<span class=\"_ _0\"></span>ss. The r<span class=\"_ _8\"></span>elevant r<span class=\"_ _8\"></span>eceivables ar<span class=\"_ _8\"></span>e der<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and the utili<span class=\"_ _0\"></span>sed par<span class=\"_ _a\"></span>t of the f<span class=\"_ _8\"></span>acility is not pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed as debt.Not<span class=\"_ _0\"></span>e 29 - Other cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t liabilitiesOther cur<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>abilities(EUR 1,000)<span class=\"_ _2af\"> </span>2022<span class=\"_ _6b\"> </span>2021Pr<span class=\"_ _0\"></span>ovisions<span class=\"_ _148\"> </span>681<span class=\"_ _7a\"> </span>1,452Accrued e<span class=\"_ _0\"></span>xpenses<span class=\"_ _4d\"> </span>7<span class=\"_ _0\"></span>0,547<span class=\"_ _155\"> </span><span class=\"ls3 wsc8\">62<span class=\"_ _a\"></span>,731</span>Derivative<span class=\"_ _0\"></span>s (Note 30)<span class=\"_ _2b3\"> </span>4,268<span class=\"_ _7a\"> </span>2,189Pr<span class=\"_ _0\"></span>epaid f<span class=\"_ _0\"></span>rom cu<span class=\"_ _0\"></span>stomer<span class=\"_ _0\"></span>s<span class=\"_ _2a9\"> </span>25,9<span class=\"_ _8\"></span>32<span class=\"_ _ca\"> </span>18,459To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _25b\"> </span>101,429<span class=\"_ _84\"> </span>84,832163Not<span class=\"_ _0\"></span>e 30 - Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agementAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to deriv<span class=\"_ _0\"></span>ative financi<span class=\"_ _0\"></span>al instrumen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o man<span class=\"_ _0\"></span>age its e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>e and ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erial ri<span class=\"_ _0\"></span>sk arising f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, financin<span class=\"_ _0\"></span>g and inve<span class=\"_ _0\"></span>stment activities. In accor<span class=\"_ _8\"></span>dance with it<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y policy<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup does not hold or i<span class=\"_ _0\"></span>ssue deriv<span class=\"_ _0\"></span>ative financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ading purpo<span class=\"_ _0\"></span>ses.Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, where deriv<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>s qualify for hedg<span class=\"_ _0\"></span>e accounting, r<span class=\"_ _8\"></span>ecognition of an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>ant gain or los<span class=\"_ _0\"></span>s depends on the n<span class=\"_ _0\"></span>atur<span class=\"_ _8\"></span>e of the hedging r<span class=\"_ _8\"></span>elationship. The Gr<span class=\"_ _8\"></span>oup design<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s cer<span class=\"_ _a\"></span>tain deriv<span class=\"ws0\">-</span>ative<span class=\"_ _0\"></span>s as either hedg<span class=\"_ _0\"></span>e of the f<span class=\"_ _0\"></span>air value of r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets or liabilities or fir<span class=\"_ _0\"></span>m commitments (f<span class=\"_ _0\"></span>air value hedge<span class=\"_ _0\"></span>s), or hedge of highly pr<span class=\"_ _0\"></span>obable f<span class=\"_ _8\"></span>oreca<span class=\"_ _0\"></span>st tr<span class=\"_ _8\"></span>ansactions or hedge of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency risk of firm commitmen<span class=\"_ _0\"></span>ts (ca<span class=\"_ _0\"></span>sh flow hedge<span class=\"_ _0\"></span>s).At inception of the hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elationship, t<span class=\"_ _0\"></span>he entity documents t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elationship between t<span class=\"_ _0\"></span>he hedging ins<span class=\"_ _0\"></span>trument and t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, along wit<span class=\"_ _0\"></span>h its risk m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement objective<span class=\"_ _0\"></span>s and its str<span class=\"_ _8\"></span>ategy for <span class=\"_ _0\"></span>under<span class=\"_ _a\"></span>taking v<span class=\"_ _0\"></span>arious hedge tr<span class=\"_ _8\"></span>ansactions. F<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>thermor<span class=\"_ _0\"></span>e, at the inception of t<span class=\"_ _0\"></span>he hedge and on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis, t<span class=\"_ _0\"></span>he Group doc<span class=\"_ _0\"></span>uments whet<span class=\"_ _0\"></span>her the hedging in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t that is u<span class=\"_ _0\"></span>sed in a hedging r<span class=\"_ _8\"></span>elationship i<span class=\"_ _0\"></span>s highly eff<span class=\"_ _0\"></span>ective in off<span class=\"_ _0\"></span>settin<span class=\"_ _0\"></span>g chang<span class=\"_ _0\"></span>es in f<span class=\"_ _8\"></span>air values or ca<span class=\"_ _0\"></span>sh flows of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em.Balance sheet m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gementThe Gr<span class=\"_ _0\"></span>oup man<span class=\"_ _0\"></span>ages t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet to en<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e a health<span class=\"_ _8\"></span>y financial position and liquidity<span class=\"_ _0\"></span>. This i<span class=\"_ _0\"></span>s done thr<span class=\"_ _8\"></span>ough an annual budgeting pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ollowed by perfor<span class=\"_ _0\"></span>mance m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t and f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecas<span class=\"_ _0\"></span>ting updat<span class=\"_ _8\"></span>es t<span class=\"_ _0\"></span>o ensur<span class=\"_ _8\"></span>e adequate financi<span class=\"_ _0\"></span>al flexibility and liquidity f<span class=\"_ _0\"></span>or the Compan<span class=\"_ _8\"></span>y. The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s main bank co<span class=\"_ _0\"></span>venan<span class=\"_ _0\"></span>ts, es<span class=\"_ _0\"></span>pecially the net int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st bearing debt/ E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A, are monit<span class=\"_ _8\"></span>ored clos<span class=\"_ _0\"></span>ely on a continuous ba<span class=\"_ _0\"></span>sis t<span class=\"_ _0\"></span>o ensur<span class=\"_ _8\"></span>e compliance at all times.Fina<span class=\"_ _0\"></span>ncial risk policyThe Gr<span class=\"_ _0\"></span>oup is e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et risk, cr<span class=\"_ _8\"></span>edit risk and liquidity risk. Ri<span class=\"_ _0\"></span>sk man<span class=\"_ _8\"></span>agement activities ar<span class=\"_ _0\"></span>e gov<span class=\"_ _0\"></span>erned by appr<span class=\"_ _8\"></span>opriate policie<span class=\"_ _0\"></span>s and procedur<span class=\"_ _8\"></span>es. Ris<span class=\"_ _0\"></span>ks ar<span class=\"_ _8\"></span>e identified, measur<span class=\"_ _8\"></span>ed and man<span class=\"_ _0\"></span>aged in accor<span class=\"_ _8\"></span>dance with t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's policies and risk objectiv<span class=\"_ _0\"></span>es. It i<span class=\"_ _0\"></span>s the Gr<span class=\"_ _0\"></span>oup's policy th<span class=\"_ _0\"></span>at no tr<span class=\"_ _0\"></span>ading in deriv<span class=\"_ _0\"></span>atives f<span class=\"_ _8\"></span>or speculativ<span class=\"_ _0\"></span>e purpos<span class=\"_ _0\"></span>es sh<span class=\"_ _0\"></span>all be under<span class=\"_ _a\"></span>tak<span class=\"_ _0\"></span>en. Ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no significan<span class=\"_ _0\"></span>t chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he mana<span class=\"_ _0\"></span>gement of ris<span class=\"_ _0\"></span>ks r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o financials durin<span class=\"_ _0\"></span>g the period.164<span class=\"_ _3f\"> </span><span class=\"ff8\">Elopak</span>Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>CA<span class=\"_ _1\"></span>T<span class=\"_ _8\"></span>EGOR<span class=\"_ _0\"></span>IES OF FINANCIAL R<span class=\"_ _8\"></span>ISK T<span class=\"_ _8\"></span>O OPERA<span class=\"_ _1\"></span>TIONAL BUSINE<span class=\"_ _0\"></span>SS1. Mar<span class=\"_ _0\"></span>ket ri<span class=\"_ _0\"></span>skMark<span class=\"_ _8\"></span>et risk i<span class=\"_ _0\"></span>s the risk t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash flows of a fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _0\"></span>trument will fluctuat<span class=\"_ _8\"></span>e because of ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et prices. Mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es compris<span class=\"_ _0\"></span>e thr<span class=\"_ _8\"></span>ee t<span class=\"_ _a\"></span>ypes of ri<span class=\"_ _0\"></span>sk: curr<span class=\"_ _8\"></span>ency risk, commodity price risk and in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ate ri<span class=\"_ _0\"></span>sk. Elopak buys deriv<span class=\"_ _0\"></span>atives t<span class=\"_ _8\"></span>o manag<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s and seek<span class=\"_ _0\"></span>s to apply hedg<span class=\"_ _0\"></span>e accounting t<span class=\"_ _8\"></span>o manag<span class=\"_ _0\"></span>e volatility in pr<span class=\"_ _8\"></span>ofit or loss. Hedge accountin<span class=\"_ _0\"></span>g is applied t<span class=\"_ _0\"></span>o all curr<span class=\"_ _8\"></span>ency and commodit<span class=\"_ _a\"></span>y derivativ<span class=\"_ _0\"></span>es, while int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e derivative<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not subject t<span class=\"_ _0\"></span>o hedge accoun<span class=\"_ _0\"></span>tingDerivativ<span class=\"_ _0\"></span>esDecember 31, 2022<span class=\"_ _204\"> </span>December 31, 2021(EUR 1,000)<span class=\"_ _96\"> </span><span class=\"ff2 ls17 ws66\">As<span class=\"_ _a\"></span>sets<span class=\"_ _2b4\"> </span></span>Liabilities<span class=\"_ _1c8\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _16\"></span>a<span class=\"_ _16\"></span>l<span class=\"_ _c1\"> </span><span class=\"ls17 ws66\">As<span class=\"_ _a\"></span>sets<span class=\"_ _2b4\"> </span></span>Liabilities<span class=\"_ _1c8\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"></span>t<span class=\"_ _16\"></span>a<span class=\"_ _16\"></span>l</span>Curr<span class=\"_ _0\"></span>ency derivatives<span class=\"_ _13e\"> </span><span class=\"lsb5 ws1f8\">74<span class=\"_ _2\"> </span>7<span class=\"_ _142\"> </span></span>1,280<span class=\"_ _142\"> </span>-534<span class=\"_ _50\"> </span>836<span class=\"_ _10b\"> </span>2,079<span class=\"_ _4c\"> </span>-1,244Commodity derivatives<span class=\"_ _2b5\"> </span>-<span class=\"_ _194\"> </span>3,3<span class=\"_ _0\"></span>18<span class=\"_ _4c\"> </span>-3,318<span class=\"_ _5c\"> </span>5,303<span class=\"_ _104\"> </span>-<span class=\"_ _47\"> </span>5,303Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t derivatives<span class=\"_ _90\"> </span>7,063<span class=\"_ _104\"> </span>-<span class=\"_ _12c\"> </span>7,063<span class=\"_ _108\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _a\"></span>8<span class=\"_ _12c\"> </span></span>2,058<span class=\"_ _84\"> </span>-1,811To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2b6\"> </span>7,810<span class=\"_ _c8\"> </span>4,598<span class=\"_ _1c8\"> </span>3,212<span class=\"_ _c8\"> </span>6,386<span class=\"_ _47\"> </span>4,138<span class=\"_ _47\"> </span>2,2<span class=\"_ _0\"></span>49The f<span class=\"_ _0\"></span>ull f<span class=\"_ _0\"></span>air value of a derivativ<span class=\"_ _0\"></span>e is cla<span class=\"_ _0\"></span>ssified as \"Ot<span class=\"_ _0\"></span>her non-curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets or \"Other non-cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> liabilities\" if t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g mat<span class=\"_ _0\"></span>urity of the derivativ<span class=\"_ _0\"></span>e is mor<span class=\"_ _8\"></span>e than 12 mont<span class=\"_ _0\"></span>hs and, as \"Ot<span class=\"_ _0\"></span>her curr<span class=\"_ _8\"></span>ent<span class=\"_ _a\"></span> ass<span class=\"_ _0\"></span>ets\" or \"Other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent liabilitie<span class=\"_ _0\"></span>s\", if the mat<span class=\"_ _8\"></span>urit<span class=\"_ _a\"></span>y of the deriv<span class=\"_ _0\"></span>ative i<span class=\"_ _0\"></span>s less t<span class=\"_ _0\"></span>han 12 mont<span class=\"_ _0\"></span>hs. The f<span class=\"_ _0\"></span>air value e<span class=\"_ _0\"></span>stimation of deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments h<span class=\"_ _0\"></span>as been arriv<span class=\"_ _0\"></span>ed at by applying a lev<span class=\"_ _0\"></span>el 2<span class=\"_ _a\"></span> valuation met<span class=\"_ _0\"></span>hodolog<span class=\"_ _a\"></span>y which us<span class=\"_ _0\"></span>es inputs ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an unadjus<span class=\"_ _0\"></span>ted quot<span class=\"_ _8\"></span>ed prices f<span class=\"_ _0\"></span>or identical a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s<span class=\"_ _a\"></span> and liabilities, wit<span class=\"_ _0\"></span>h chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _8\"></span>air value ar<span class=\"_ _0\"></span>e ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e recog<span class=\"_ _0\"></span>nized in t<span class=\"_ _0\"></span>he income stat<span class=\"_ _0\"></span>ement. No other m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial financial a<span class=\"_ _0\"></span>ssets or li<span class=\"_ _0\"></span>abilities ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _8\"></span>ough profit or lo<span class=\"_ _0\"></span>ss.Wher<span class=\"_ _0\"></span>e eligible, derivativ<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or hedging ar<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ed in ca<span class=\"_ _0\"></span>sh flow hedge accoun<span class=\"_ _0\"></span>ting r<span class=\"_ _0\"></span>elationship<span class=\"_ _0\"></span>s.165Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Curr<span class=\"_ _0\"></span>ency riskElopak's e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to t<span class=\"_ _0\"></span>he risk of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es prim<span class=\"_ _0\"></span>arily to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's oper<span class=\"_ _0\"></span>ating activities, fin<span class=\"_ _0\"></span>ancing of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n oper<span class=\"_ _0\"></span>ations and the Gr<span class=\"_ _8\"></span>oup's net invest<span class=\"_ _0\"></span>ments in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign sub<span class=\"_ _0\"></span>sidiaries.The carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amounts of the Gr<span class=\"_ _8\"></span>oup's f<span class=\"_ _0\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency denominat<span class=\"_ _0\"></span>ed monetar<span class=\"_ _a\"></span>y ass<span class=\"_ _0\"></span>ets and monetar<span class=\"_ _a\"></span>y liabilities at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate ar<span class=\"_ _8\"></span>e as f<span class=\"_ _0\"></span>ollows:2022 2021 20222021Currenc<span class=\"_ _0\"></span>yAsse<span class=\"_ _a\"></span>tsAsse<span class=\"_ _a\"></span>tsLiabilitiesLiabilitiesBGN<span class=\"_ _2ac\"> </span>222<span class=\"_ _e3\"> </span><span class=\"ls2 ws14\"> 76<span class=\"_ _16\"></span> <span class=\"_ _1cb\"> </span></span>238<span class=\"_ _a2\"> </span> 89CAD<span class=\"_ _ea\"> </span>22,928<span class=\"_ _d8\"> </span> 9,145 <span class=\"_ _27b\"> </span>95,182<span class=\"_ _73\"> </span> 89,004CHF<span class=\"_ _298\"> </span>4,33<span class=\"_ _0\"></span>7<span class=\"_ _77\"> </span> 3,440 <span class=\"_ _66\"> </span>4,252<span class=\"_ _da\"> </span> 3,420CZK<span class=\"_ _189\"> </span>57,588<span class=\"_ _73\"> </span> 49,460 <span class=\"_ _7a\"> </span>68,479<span class=\"_ _69\"> </span> 50,082DKK<span class=\"_ _177\"> </span>2,49<span class=\"_ _8\"></span>4,348<span class=\"_ _10b\"> </span> 2,080,113 <span class=\"_ _60\"> </span>2,403,598<span class=\"_ _1c8\"> </span> 2,017,377DZD<span class=\"_ _2b7\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _d4\"> </span>4,577<span class=\"_ _66\"> </span> 2,96<span class=\"_ _8\"></span>9EUR<span class=\"_ _2b8\"> </span>4,910<span class=\"_ _da\"> </span> 11,27<span class=\"_ _0\"></span>0 <span class=\"_ _d4\"> </span>3,910<span class=\"_ _66\"> </span> 13,611GBP<span class=\"_ _2b9\"> </span>26,313<span class=\"_ _6b\"> </span> 20,198 <span class=\"_ _df\"> </span>27,07<span class=\"_ _8\"></span>6<span class=\"_ _6d\"> </span> 20,7<span class=\"_ _8\"></span>63HUF<span class=\"_ _15b\"> </span>638,998<span class=\"_ _df\"> </span>481,147 <span class=\"_ _50\"> </span>603,17<span class=\"_ _8\"></span>6<span class=\"_ _13c\"> </span>471,430NIS<span class=\"_ _2ba\"> </span>8<span class=\"_ _b1\"> </span>86<span class=\"_ _0\"></span>1 <span class=\"_ _bc\"> </span>-<span class=\"_ _2bb\"> </span> -JPY<span class=\"_ _2bc\"> </span>4,091,538<span class=\"_ _5c\"> </span> 3,364,7<span class=\"_ _8\"></span>67 <span class=\"_ _c8\"> </span>2,077,533<span class=\"_ _c8\"> </span> 1,868,580MXN<span class=\"_ _2bd\"> </span>65,2<span class=\"_ _0\"></span>40<span class=\"_ _7a\"> </span> 62,284 <span class=\"_ _62\"> </span>65,645<span class=\"_ _7a\"> </span> 65,329NOK<span class=\"_ _174\"> </span>2,09<span class=\"_ _8\"></span>3,232<span class=\"_ _84\"> </span> 1,702,841 <span class=\"_ _60\"> </span>2,089,246<span class=\"_ _7f\"> </span> 1,689,129PLN<span class=\"_ _2b9\"> </span>47,729<span class=\"_ _7a\"> </span> 33,010 <span class=\"_ _6b\"> </span>51,036<span class=\"_ _7a\"> </span> 33,795RU<span class=\"_ _a\"></span>R<span class=\"_ _17f\"> </span>1,344,7<span class=\"_ _0\"></span>03<span class=\"_ _47\"> </span> 1,9<span class=\"_ _8\"></span>32,644 <span class=\"_ _12c\"> </span>1,344,97<span class=\"_ _0\"></span>8<span class=\"_ _7f\"> </span> 2,759,817SAR<span class=\"_ _2be\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _109\"> </span>3,27<span class=\"_ _8\"></span>4<span class=\"_ _bc\"> </span> -SEK<span class=\"_ _2b9\"> </span>19<span class=\"_ _0\"></span>3,612<span class=\"_ _53\"> </span>111,564 <span class=\"_ _69\"> </span>19<span class=\"_ _0\"></span>4,541<span class=\"_ _da\"> </span>112,517TND<span class=\"_ _114\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _a2\"> </span>57<span class=\"_ _2bf\"> </span> 34UAH<span class=\"_ _f5\"> </span>-<span class=\"_ _6d\"> </span> 82,796 <span class=\"_ _bc\"> </span>-<span class=\"_ _df\"> </span> 14,468USD<span class=\"_ _ea\"> </span>86,368<span class=\"_ _df\"> </span> 65,150 <span class=\"_ _df\"> </span>51,649<span class=\"_ _19a\"> </span> 38,433F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e risk f<span class=\"_ _8\"></span>rom oper<span class=\"_ _8\"></span>ating activities s<span class=\"_ _0\"></span>uch as sal<span class=\"_ _0\"></span>aries and per<span class=\"_ _0\"></span>sonnel tax ar<span class=\"_ _8\"></span>e manag<span class=\"_ _0\"></span>ed by hedgin<span class=\"_ _0\"></span>g tr<span class=\"_ _0\"></span>ansactions t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e highly probable t<span class=\"_ _8\"></span>o occur within periods out 18 mon<span class=\"_ _0\"></span>ths b<span class=\"_ _0\"></span>y ent<span class=\"_ _0\"></span>ering int<span class=\"_ _8\"></span>o for<span class=\"_ _8\"></span>eign curr<span class=\"_ _8\"></span>ency contr<span class=\"_ _0\"></span>acts. The Gr<span class=\"_ _8\"></span>oup employs a la<span class=\"_ _0\"></span>yering policy in which t<span class=\"_ _0\"></span>he near<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t calendar quarter is hedg<span class=\"_ _0\"></span>ed up to 90% wit<span class=\"_ _0\"></span>h cov<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e decr<span class=\"_ _0\"></span>easing in s<span class=\"_ _0\"></span>tep<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o 15% at 18 month<span class=\"_ _0\"></span>s out.166ElopakNot<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Curr<span class=\"_ _0\"></span>ency e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e of filling machine<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e hedged at a one-t<span class=\"_ _0\"></span>o-one basi<span class=\"_ _0\"></span>s (100% cov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge at the specified d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of payment).Hedge accoun<span class=\"_ _0\"></span>ting is applied t<span class=\"_ _8\"></span>o all curr<span class=\"_ _0\"></span>ency derivative<span class=\"_ _0\"></span>s, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ept f<span class=\"_ _0\"></span>or cro<span class=\"_ _0\"></span>ss-cur<span class=\"_ _0\"></span>rency in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>waps which ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as financial inc<span class=\"_ _0\"></span>ome or financial e<span class=\"_ _0\"></span>xpense in pr<span class=\"_ _8\"></span>ofit or loss. Hedge accoun<span class=\"_ _0\"></span>ting is dede<span class=\"_ _0\"></span>signat<span class=\"_ _8\"></span>ed at the dat<span class=\"_ _0\"></span>e of r<span class=\"_ _0\"></span>ecognition of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, howev<span class=\"_ _0\"></span>er the deriv<span class=\"_ _0\"></span>atives ar<span class=\"_ _8\"></span>e due at the dat<span class=\"_ _8\"></span>e of expect<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>t. At dedesign<span class=\"_ _0\"></span>ation, the f<span class=\"_ _8\"></span>air value of the hedgin<span class=\"_ _0\"></span>g derivative<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecycled f<span class=\"_ _0\"></span>rom Hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eserve in equity t<span class=\"_ _0\"></span>o the hedged it<span class=\"_ _0\"></span>em (i.e. filling m<span class=\"_ _0\"></span>achine r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y) and to pr<span class=\"_ _8\"></span>ofit or loss t<span class=\"_ _0\"></span>o the same acc<span class=\"_ _0\"></span>ounting line and at the s<span class=\"_ _0\"></span>ame time as the hedged it<span class=\"_ _8\"></span>em is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNomin<span class=\"_ _0\"></span>al amount(EUR 1,000)<span class=\"_ _2c0\"> </span>December 31, 2022<span class=\"_ _91\"> </span>December 31, 2021Currenc<span class=\"_ _0\"></span>y<span class=\"_ _98\"> </span>Ccy<span class=\"_ _2bf\"> </span><span class=\"ls61 wsba\">EUR<span class=\"_ _27e\"> </span></span>Ccy<span class=\"_ _2bf\"> </span><span class=\"ls61 wsba\">EUR</span>EUR<span class=\"_ _179\"> </span>-72,633<span class=\"_ _77\"> </span>-72,633<span class=\"_ _13c\"> </span> -140,148 <span class=\"_ _155\"> </span> -140,148JPY<span class=\"_ _2c1\"> </span>9,46<span class=\"_ _0\"></span>1,714<span class=\"_ _6f\"> </span><span class=\"lsb2 ws1d2\">67,267<span class=\"_ _14f\"> </span></span> 3,927,814 <span class=\"_ _da\"> </span> 30,126NOK<span class=\"_ _2c1\"> </span>255,426<span class=\"_ _18b\"> </span>24,29<span class=\"_ _8\"></span>4<span class=\"_ _4e\"> </span>256,305 <span class=\"_ _8e\"> </span> 25,659USD<span class=\"_ _87\"> </span>-2<span class=\"_ _0\"></span>4,231<span class=\"_ _d4\"> </span>-22,718<span class=\"_ _8e\"> </span> 95,000 <span class=\"_ _77\"> </span> 83,878T<span class=\"_ _1\"></span>otal nominal v<span class=\"_ _0\"></span>alue<span class=\"_ _a9\"> </span>-3,790<span class=\"_ _288\"> </span>-485T<span class=\"_ _1\"></span>otal fair v<span class=\"_ _0\"></span>alue<span class=\"_ _80\"> </span>-534<span class=\"_ _210\"> </span>-1,2<span class=\"_ _8\"></span>44P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.167Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Int<span class=\"_ _8\"></span>erest ri<span class=\"_ _0\"></span>skElopak's e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to t<span class=\"_ _0\"></span>he risk of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in mar<span class=\"_ _0\"></span>ket in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es prim<span class=\"_ _0\"></span>arily to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's long-t<span class=\"_ _0\"></span>erm debt obligations wit<span class=\"_ _0\"></span>h floating in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ates. T<span class=\"_ _f\"></span>o man<span class=\"_ _0\"></span>age thi<span class=\"_ _0\"></span>s risk, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup main<span class=\"_ _0\"></span>tains a por<span class=\"_ _a\"></span>tion of its borr<span class=\"_ _8\"></span>owings at fix<span class=\"_ _8\"></span>ed rat<span class=\"_ _8\"></span>es of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est b<span class=\"_ _0\"></span>y ent<span class=\"_ _0\"></span>ering int<span class=\"_ _8\"></span>o inter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e swap<span class=\"_ _0\"></span>s. These s<span class=\"_ _0\"></span>waps ar<span class=\"_ _8\"></span>e design<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o hedge underlying debt obligation<span class=\"_ _0\"></span>s; howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, they ar<span class=\"_ _0\"></span>e not subject t<span class=\"_ _8\"></span>o hedge accounting.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNotional amoun<span class=\"_ _0\"></span>ts and fai<span class=\"_ _0\"></span>r values<span class=\"_ _19b\"> </span>December 31, 2022<span class=\"_ _2c2\"> </span>December 31, 2021NotionalFa<span class=\"_ _a\"></span>i<span class=\"_ _a\"></span>rNotionalFa<span class=\"_ _a\"></span>i<span class=\"_ _a\"></span>r(EUR 1,000)<span class=\"_ _29c\"> </span><span class=\"ff2\">Cur<span class=\"_ _0\"></span>rency</span>EURvalueEURvalueInterest<span class=\"_ _133\"> </span>EUR<span class=\"_ _ac\"> </span>120,000<span class=\"_ _84\"> </span>7,063<span class=\"_ _1f9\"> </span>140,000<span class=\"_ _2c3\"> </span>-1,811To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2c4\"> </span>7,063<span class=\"_ _2c5\"> </span>-1,811P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Commodity price riskElopak's oper<span class=\"_ _0\"></span>ating activitie<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>equire a c<span class=\"_ _0\"></span>ontinuous supply of aluminium and poly<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>ylene. Based on a 12-month f<span class=\"_ _8\"></span>or<span class=\"_ _0\"></span>ecast of r<span class=\"_ _8\"></span>equir<span class=\"_ _0\"></span>ements the Gr<span class=\"_ _8\"></span>oup man<span class=\"_ _0\"></span>ages t<span class=\"_ _0\"></span>he commodity price risk by hedging t<span class=\"_ _0\"></span>he pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price of the commodity with t<span class=\"_ _0\"></span>he use of commodity price sw<span class=\"_ _0\"></span>aps. Hedge accountin<span class=\"_ _0\"></span>g is applied f<span class=\"_ _8\"></span>or all commodit<span class=\"_ _a\"></span>y derivativ<span class=\"_ _0\"></span>es. As per December 3<span class=\"_ _0\"></span>1, 2022 t<span class=\"_ _0\"></span>he hedged amount of P<span class=\"_ _8\"></span>olyeth<span class=\"_ _0\"></span>ylene derivative<span class=\"_ _0\"></span>s is 36% of e<span class=\"_ _8\"></span>xpected pur<span class=\"_ _8\"></span>chase f<span class=\"_ _8\"></span>or the ne<span class=\"_ _0\"></span>xt 12 months.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNotional amoun<span class=\"_ _0\"></span>ts and fai<span class=\"_ _0\"></span>r values<span class=\"_ _204\"> </span>December 31, 2022<span class=\"_ _2c2\"> </span>December 3<span class=\"_ _0\"></span>1, 2021(EUR 1,000)Metric T<span class=\"_ _1\"></span>onnes<span class=\"_ _5a\"> </span>F<span class=\"_ _0\"></span>air value<span class=\"_ _121\"> </span>Metric T<span class=\"_ _1\"></span>onnes<span class=\"_ _5a\"> </span>F<span class=\"_ _0\"></span>air valueP<span class=\"_ _0\"></span>olyethylene<span class=\"_ _98\"> </span>13,000<span class=\"_ _53\"> </span>-2,57<span class=\"_ _8\"></span>6<span class=\"_ _da\"> </span>7,800<span class=\"_ _da\"> </span>5,084Aluminium<span class=\"_ _20d\"> </span>8,400<span class=\"_ _e8\"> </span>-7<span class=\"_ _8\"></span>43<span class=\"_ _1af\"> </span>2,700<span class=\"_ _d2\"> </span>219To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _76\"> </span>-3,318<span class=\"_ _1b7\"> </span>5,303P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.168<span class=\"_ _ed\"> </span><span class=\"ff8\">Elopak</span>Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>SensitivityThe f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able demonstr<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s the sensitivity t<span class=\"_ _0\"></span>o a r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>onably pos<span class=\"_ _0\"></span>sible chan<span class=\"_ _0\"></span>ge in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s (f<span class=\"_ _0\"></span>or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts), commodity prices (f<span class=\"_ _8\"></span>or commodity swaps) and in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s (f<span class=\"_ _0\"></span>or int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate sw<span class=\"_ _0\"></span>aps) with all ot<span class=\"_ _0\"></span>her variable<span class=\"_ _0\"></span>s being held cons<span class=\"_ _0\"></span>tant. The impact on t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's equity is due t<span class=\"_ _0\"></span>o chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of derivativ<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>signat<span class=\"_ _8\"></span>ed as cas<span class=\"_ _0\"></span>h flow hedge<span class=\"_ _0\"></span>s.Numbers a<span class=\"_ _0\"></span>re bef<span class=\"_ _8\"></span>ore taxDecember 31, 2022<span class=\"_ _204\"> </span>December 31, 2021(EUR 1,000)<span class=\"_ _158\"> </span>Movement<span class=\"_ _4\"> </span>Eff<span class=\"_ _0\"></span>ect on profit<span class=\"_ _14\"> </span>Effect on equity<span class=\"_ _4\"> </span>Eff<span class=\"_ _0\"></span>ect on profit<span class=\"_ _14\"> </span>Effect on equity+5%-1,414-8,222-4,119-8,010F<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange derivativ<span class=\"_ _0\"></span>es-5%2131,6384,2897,9<span class=\"_ _8\"></span>33+5% -1,46<span class=\"_ _0\"></span>1 -815Commodity swaps-5%--1,46<span class=\"_ _0\"></span>1--815+1%2,010 -3,5973,597Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e swaps-1%-2,09<span class=\"_ _8\"></span>3--3,773-3,773P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.2. Liquidity riskElopak's objective<span class=\"_ _0\"></span> is t<span class=\"_ _0\"></span>o maint<span class=\"_ _0\"></span>ain a balance betw<span class=\"_ _0\"></span>een continuity of f<span class=\"_ _0\"></span>unding, and fle<span class=\"_ _0\"></span>xibility thr<span class=\"_ _0\"></span>ough the u<span class=\"_ _0\"></span>se of bank loans and o<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>draft f<span class=\"_ _0\"></span>acilities.The mat<span class=\"_ _0\"></span>urity pr<span class=\"_ _0\"></span>ofile of the Gr<span class=\"_ _0\"></span>oup's financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities ba<span class=\"_ _0\"></span>sed on cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>s summari<span class=\"_ _0\"></span>sed belo<span class=\"_ _0\"></span>w. The tables only s<span class=\"_ _0\"></span>how balanc<span class=\"_ _0\"></span>e sheet it<span class=\"_ _0\"></span>ems cla<span class=\"_ _0\"></span>ssified as fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments and do not include ot<span class=\"_ _0\"></span>her balance s<span class=\"_ _0\"></span>heet item<span class=\"_ _0\"></span>s aff<span class=\"_ _0\"></span>ecting liquidity<span class=\"_ _0\"></span>, such as inv<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ories. Als<span class=\"_ _0\"></span>o, off-balance s<span class=\"_ _0\"></span>heet item<span class=\"_ _0\"></span>s such as unus<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit f<span class=\"_ _0\"></span>acilities ar<span class=\"_ _0\"></span>e not included. The derivativ<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>uments m<span class=\"_ _0\"></span>ay be settled g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oss or net wit<span class=\"_ _0\"></span>h the r<span class=\"_ _0\"></span>elevan<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ocol being r<span class=\"_ _8\"></span>eflected in the t<span class=\"_ _0\"></span>ables.1<span class=\"_ _a\"></span>69Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Contr<span class=\"_ _8\"></span>actual mat<span class=\"_ _8\"></span>urities of financi<span class=\"_ _0\"></span>al liabilities, includi<span class=\"_ _0\"></span>ng esti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ed int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st pa<span class=\"_ _0\"></span>yments2022Non-derivatie<span class=\"_ _0\"></span>s financial liabilitie<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>otalCarr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual(EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesLoans and bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs (Note 28)<span class=\"_ _2c7\"> </span>325,715 <span class=\"_ _1b3\"> </span>32,7<span class=\"_ _1\"></span>60<span class=\"_ _43\"> </span>319,451<span class=\"_ _50\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _28d\"> </span>352,211Account<span class=\"_ _0\"></span>s payable<span class=\"_ _2c8\"> </span>12<span class=\"_ _0\"></span>4,038 <span class=\"_ _12b\"> </span>12<span class=\"_ _8\"></span>4,038 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _12b\"> </span>124,0<span class=\"_ _0\"></span>38Other liabilities<span class=\"_ _2c9\"> </span>165,105 <span class=\"_ _28d\"> </span> 78,108 <span class=\"_ _123\"> </span> 28,708 <span class=\"_ _2ca\"> </span> 18,847 <span class=\"_ _123\"> </span> 3<span class=\"_ _8\"></span>9,442 <span class=\"_ _12e\"> </span>165,105To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _193\"> </span>6<span class=\"_ _8\"></span>14,859<span class=\"_ _121\"> </span> 2341906<span class=\"_ _12b\"> </span>348,159<span class=\"_ _f9\"> </span>18,847<span class=\"_ _1b3\"> </span>3<span class=\"_ _0\"></span>9,442<span class=\"_ _2b4\"> </span>641,354Derivative<span class=\"_ _0\"></span>s financial in<span class=\"_ _0\"></span>strumentsT<span class=\"_ _1\"></span>otalCarr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual(EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesF<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span> 1,280 <span class=\"_ _c8\"> </span>951 <span class=\"_ _c1\"> </span>330 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _3f\"> </span> 1,280Commodities<span class=\"_ _2cc\"> </span> 3,318 <span class=\"_ _ed\"> </span> 3,318 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _ed\"> </span> 3,318To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _9b\"> </span>4,598<span class=\"_ _22\"> </span>4,2<span class=\"_ _0\"></span>69<span class=\"_ _60\"> </span>330<span class=\"_ _62\"> </span>-<span class=\"_ _62\"> </span>-<span class=\"_ _2f\"> </span>4,5982021Non-derivatie<span class=\"_ _0\"></span>s financial liabilitie<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>otalCarr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual(EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesLoans and bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs (Note 28)<span class=\"_ _28f\"> </span>183,854 <span class=\"_ _28d\"> </span> 14,859 <span class=\"_ _12b\"> </span>16<span class=\"_ _0\"></span>9,433 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _2c6\"> </span>184,292Account<span class=\"_ _0\"></span>s payable<span class=\"_ _2cd\"> </span>119,57<span class=\"_ _1\"></span>4 <span class=\"_ _119\"> </span>119,57<span class=\"_ _8\"></span>4 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _119\"> </span>119,57<span class=\"_ _1\"></span>4Other liabilities<span class=\"_ _280\"> </span>167,345 <span class=\"_ _139\"> </span> 78,222 <span class=\"_ _123\"> </span> 29,562 <span class=\"_ _28d\"> </span> 16,02<span class=\"_ _8\"></span>4 <span class=\"_ _123\"> </span> 43,538 <span class=\"_ _2c6\"> </span>167,345To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _205\"> </span>470,772<span class=\"_ _2c6\"> </span>212,654<span class=\"_ _2c6\"> </span>198,995<span class=\"_ _3e\"> </span>16,02<span class=\"_ _0\"></span>4<span class=\"_ _119\"> </span>43,538<span class=\"_ _119\"> </span>471,211Derivative<span class=\"_ _0\"></span>s financial in<span class=\"_ _0\"></span>strumentsT<span class=\"_ _1\"></span>otalCarr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual(EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesF<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange<span class=\"_ _134\"> </span> 2,079 <span class=\"_ _3d\"> </span> 2,077 <span class=\"_ _64\"> </span> 2 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _f9\"> </span> 2,079Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e swaps <span class=\"_ _1d6\"> </span> 2,058 <span class=\"_ _1c8\"> </span>112 <span class=\"_ _103\"> </span> 1,928 <span class=\"_ _84\"> </span> 18 <span class=\"_ _64\"> </span> - <span class=\"_ _3e\"> </span> 2,058To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2ce\"> </span>4,138<span class=\"_ _45\"> </span>2,189<span class=\"_ _106\"> </span>1,9<span class=\"_ _0\"></span>31<span class=\"_ _ca\"> </span>18<span class=\"_ _19a\"> </span>-<span class=\"_ _41\"> </span>4,138170ElopakNot<span class=\"_ _0\"></span>e 30 - Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The f<span class=\"_ _0\"></span>air value of all fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets and liabilitie<span class=\"_ _0\"></span>s appro<span class=\"_ _8\"></span>ximat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>heir carr<span class=\"_ _a\"></span>ying v<span class=\"_ _0\"></span>alue. The f<span class=\"_ _0\"></span>air value e<span class=\"_ _0\"></span>stimation of deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments h<span class=\"_ _0\"></span>as been arrived at b<span class=\"_ _0\"></span>y applying a lev<span class=\"_ _0\"></span>el 2 valuation met<span class=\"_ _0\"></span>hodolog<span class=\"_ _a\"></span>y which us<span class=\"_ _0\"></span>es inputs ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an unadjus<span class=\"_ _0\"></span>ted quot<span class=\"_ _8\"></span>ed prices f<span class=\"_ _0\"></span>or identical ass<span class=\"_ _0\"></span>ets and liabilitie<span class=\"_ _0\"></span>s3. Cr<span class=\"_ _0\"></span>edit riskCr<span class=\"_ _8\"></span>edit risk is t<span class=\"_ _0\"></span>he risk t<span class=\"_ _0\"></span>hat a count<span class=\"_ _8\"></span>erpar<span class=\"_ _a\"></span>ty will default on it<span class=\"_ _0\"></span>s contr<span class=\"_ _8\"></span>actual obligations r<span class=\"_ _8\"></span>esultin<span class=\"_ _0\"></span>g in<span class=\"_ _a\"></span> financial lo<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _8\"></span>oup. Elopak ha<span class=\"_ _0\"></span>s adopt<span class=\"_ _0\"></span>ed a policy of only being e<span class=\"_ _0\"></span>xposed t<span class=\"_ _8\"></span>o credit<span class=\"_ _0\"></span>-wor<span class=\"_ _a\"></span>th<span class=\"_ _8\"></span>y<span class=\"_ _a\"></span> count<span class=\"_ _0\"></span>erpar<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s, based upon independen<span class=\"_ _0\"></span>t cr<span class=\"_ _0\"></span>edit analysi<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or all count<span class=\"_ _0\"></span>erpar<span class=\"_ _a\"></span>ties, wher<span class=\"_ _8\"></span>e avail<span class=\"_ _0\"></span>able. In<span class=\"_ _a\"></span> the c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s where t<span class=\"_ _0\"></span>his i<span class=\"_ _0\"></span>s not av<span class=\"_ _0\"></span>ailable, Elopak us<span class=\"_ _0\"></span>es ot<span class=\"_ _0\"></span>her publicly avail<span class=\"_ _0\"></span>able financial inf<span class=\"_ _8\"></span>ormation and its own t<span class=\"_ _0\"></span>radin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ds t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s creditw<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>thine<span class=\"_ _0\"></span>ss. Outst<span class=\"_ _0\"></span>anding r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _8\"></span>ed re<span class=\"_ _0\"></span>gularly<span class=\"_ _8\"></span>.4. Hedge accounti<span class=\"_ _0\"></span>ngCash flo<span class=\"_ _0\"></span>w hedge accountin<span class=\"_ _0\"></span>g is applied t<span class=\"_ _0\"></span>o hedges of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency risk and commodity price ris<span class=\"_ _0\"></span>k. The cash flow hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eserve compri<span class=\"_ _0\"></span>ses t<span class=\"_ _0\"></span>he eff<span class=\"_ _0\"></span>ective por<span class=\"_ _a\"></span>tion of the c<span class=\"_ _0\"></span>umulative net chan<span class=\"_ _0\"></span>ge in the f<span class=\"_ _8\"></span>air values of c<span class=\"_ _0\"></span>ash flow hedgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>ruments r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to hedg<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at hav<span class=\"_ _0\"></span>e not yet occ<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed. Movemen<span class=\"_ _0\"></span>ts in the c<span class=\"_ _0\"></span>ash flow hedge r<span class=\"_ _8\"></span>eserve ar<span class=\"_ _8\"></span>e detailed in the table below:Contr<span class=\"_ _8\"></span>acts2022<span class=\"_ _2cf\"> </span>2021Opening Closing Opening Closing(EUR 1,000)position<span class=\"_ _5\"> </span>Movementpositionposition<span class=\"_ _5\"> </span>MovementpositionCommodity price hedges<span class=\"_ _1a9\"> </span>5,30<span class=\"_ _0\"></span>3<span class=\"_ _48\"> </span>-8,621<span class=\"_ _2b\"> </span>-3,318<span class=\"_ _6f\"> </span>35<span class=\"_ _10b\"> </span>5,268<span class=\"_ _5c\"> </span>5,303Curr<span class=\"_ _0\"></span>ency hedges<span class=\"_ _2d0\"> </span>142<span class=\"_ _64\"> </span>-318<span class=\"_ _144\"> </span>-17<span class=\"_ _8\"></span>6<span class=\"_ _d2\"> </span>9<span class=\"_ _62\"> </span>132<span class=\"_ _62\"> </span>142T<span class=\"_ _8\"></span>ax eff<span class=\"_ _0\"></span>ect<span class=\"_ _2d1\"> </span>-1,230<span class=\"_ _142\"> </span>1,967<span class=\"_ _84\"> </span><span class=\"ls7d ws110\">737<span class=\"_ _75\"> </span></span>-48<span class=\"_ _47\"> </span>-1,182<span class=\"_ _60\"> </span>-1,230To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d2\"> </span>4,215<span class=\"_ _5e\"> </span>-6,972<span class=\"_ _3f\"> </span>-2,758<span class=\"_ _e8\"> </span>-3<span class=\"_ _12c\"> </span>4,218<span class=\"_ _10b\"> </span>4,215171Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The mov<span class=\"_ _0\"></span>ement in the hedge r<span class=\"_ _8\"></span>eserve includes g<span class=\"_ _0\"></span>ains/(los<span class=\"_ _0\"></span>ses) tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he cash flo<span class=\"_ _0\"></span>w hedge r<span class=\"_ _8\"></span>eserve int<span class=\"_ _0\"></span>o the income s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>t during the period. F<span class=\"_ _8\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>ds and commodities hedg<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>urities ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>closed in not<span class=\"_ _8\"></span>e 30.2 Liquidit<span class=\"_ _a\"></span>y Ri<span class=\"_ _0\"></span>sk, which is r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entativ<span class=\"_ _0\"></span>e of when the hedge r<span class=\"_ _8\"></span>eserve in equity will be r<span class=\"_ _0\"></span>ecycled t<span class=\"_ _0\"></span>o the stat<span class=\"_ _8\"></span>ement of compr<span class=\"_ _0\"></span>ehensiveincome. Thes<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e included in the f<span class=\"_ _0\"></span>ollowing line it<span class=\"_ _8\"></span>ems in the income st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>t.Movemen<span class=\"_ _0\"></span>t in hedge r<span class=\"_ _0\"></span>eserve(EUR 1,000)<span class=\"_ _2d3\"> </span>2022<span class=\"_ _66\"> </span>2021Sales<span class=\"_ _25d\"> </span>-<span class=\"_ _12d\"> </span>-Cost of good<span class=\"_ _0\"></span>s sold<span class=\"_ _2d4\"> </span>-7,790<span class=\"_ _4e\"> </span>8,035Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _236\"> </span>-569<span class=\"_ _27b\"> </span>-1,146Net financial it<span class=\"_ _0\"></span>ems<span class=\"_ _102\"> </span><span class=\"ff1\">-<span class=\"_ _2d5\"> </span></span>-To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1c5\"> </span>-8,359<span class=\"_ _df\"> </span>6,888Movement in hedg<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>serve due to chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _0\"></span>air values<span class=\"_ _2d6\"> </span>1,387<span class=\"_ _13c\"> </span>-2,670To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _279\"> </span>-6,972<span class=\"_ _163\"> </span>4,218Due t<span class=\"_ _0\"></span>o Elopak hedging policy<span class=\"_ _8\"></span>, hedges ar<span class=\"_ _8\"></span>e ent<span class=\"_ _0\"></span>ered in<span class=\"_ _0\"></span>to b<span class=\"_ _0\"></span>ased on highly pr<span class=\"_ _8\"></span>obable fut<span class=\"_ _8\"></span>ure tr<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s, either per tr<span class=\"_ _8\"></span>ansaction or by applyin<span class=\"_ _0\"></span>g base l<span class=\"_ _0\"></span>ayer<span class=\"_ _8\"></span>s. All hedges ha<span class=\"_ _0\"></span>ve a hedge r<span class=\"_ _8\"></span>atio 1:1 and hedge in-eff<span class=\"_ _8\"></span>ectiveness r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to diff<span class=\"_ _8\"></span>erence<span class=\"_ _0\"></span>s in timing of s<span class=\"_ _0\"></span>ettlement in 2022 w<span class=\"_ _0\"></span>as insignific<span class=\"_ _0\"></span>ant and i<span class=\"_ _0\"></span>s not r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed dir<span class=\"_ _8\"></span>ectly to pr<span class=\"_ _8\"></span>ofit and loss. I<span class=\"_ _0\"></span>n 2021 the hedg<span class=\"_ _0\"></span>e in-eff<span class=\"_ _0\"></span>ectivenes<span class=\"_ _0\"></span>s was EUR 10<span class=\"_ _0\"></span>3 thous<span class=\"_ _0\"></span>and, which was r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed direct<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o profit or lo<span class=\"_ _0\"></span>ss. 172ElopakNot<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount of fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>et and liabilitie<span class=\"_ _0\"></span>s December 31, 2022<span class=\"_ _293\"> </span>Categorie<span class=\"_ _0\"></span>s<span class=\"_ _251\"> </span>F<span class=\"_ _0\"></span>air value mea<span class=\"_ _0\"></span>suremen<span class=\"_ _0\"></span>t usingT<span class=\"_ _1\"></span>otalF<span class=\"_ _0\"></span>air value Quoted instru<span class=\"ls0 ws0\">-</span>F<span class=\"_ _0\"></span>air value thr<span class=\"_ _0\"></span>ough other Financi<span class=\"_ _0\"></span>alprices Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> mentsthr<span class=\"_ _0\"></span>ough comprehen<span class=\"ls0 ws0\">-</span>instrumentsin active observable unobserv<span class=\"ls0 ws0\">-</span>measur<span class=\"_ _8\"></span>edprofit and sive income at amortised ma<span class=\"_ _a\"></span>rke<span class=\"_ _a\"></span>ts<span class=\"_ _a\"></span> inputs able inputs at f<span class=\"_ _0\"></span>air(EUR 1,000)<span class=\"_ _194\"> </span><span class=\"ff2 lsd ws1a\">Note<span class=\"_ _a\"></span>s</span>loss (FVPL)(FVOCI)cost<span class=\"_ _40\"> </span><span class=\"lsc6 ws19d\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>(Lev<span class=\"_ _0\"></span>el 1)(Lev<span class=\"_ _0\"></span>el2)(Lev<span class=\"_ _0\"></span>el 3)valueAsse<span class=\"_ _a\"></span>tsDerivaties<span class=\"_ _1cb\"> </span><span class=\"ff2\">30<span class=\"_ _106\"> </span></span>7,810<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _89\"> </span>7,810<span class=\"_ _60\"> </span>-<span class=\"_ _3e\"> </span>7,810<span class=\"_ _1a9\"> </span>7,810Finance lea<span class=\"_ _0\"></span>se23,25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _60\"> </span>8,227<span class=\"_ _6\"> </span>8,227<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-rec<span class=\"_ _0\"></span>eivableT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _45\"> </span><span class=\"ff2\">25<span class=\"_ _7a\"> </span></span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _40\"> </span>102,197<span class=\"_ _d\"> </span>102,197<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _57\"> </span>25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _22\"> </span>113,018<span class=\"_ _9\"> </span>113,018<span class=\"_ _4c\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-Cash and ca<span class=\"_ _0\"></span>sh-<span class=\"_ _18b\"> </span>-<span class=\"_ _22\"> </span>25,883<span class=\"_ _128\"> </span>25,883<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-equivalentsTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1a6\"> </span>7,810<span class=\"_ _104\"> </span>-<span class=\"_ _2ca\"> </span>249,325<span class=\"_ _1b1\"> </span>257,135<span class=\"_ _60\"> </span>-<span class=\"_ _2ca\"> </span>7,810<span class=\"_ _12c\"> </span>0<span class=\"_ _123\"> </span>7,810LiabilitiesLiablities t<span class=\"_ _0\"></span>o financial30<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _ed\"> </span>325,715<span class=\"_ _125\"> </span>325,715<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-instit<span class=\"_ _0\"></span>utionsLeas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _118\"> </span><span class=\"ff2\">12<span class=\"_ _7a\"> </span></span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-Derivaties<span class=\"_ _1cb\"> </span><span class=\"ff2\">30<span class=\"_ _45\"> </span></span>4,598<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _10\"> </span>4,598<span class=\"_ _60\"> </span>-<span class=\"_ _2ca\"> </span>4,598<span class=\"_ _dc\"> </span>4,598T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade payable<span class=\"_ _0\"></span>s, and-<span class=\"_ _18b\"> </span>-<span class=\"_ _ed\"> </span>2<span class=\"_ _0\"></span>45,417<span class=\"_ _125\"> </span>245,417<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-other pay<span class=\"_ _0\"></span>ablesTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d7\"> </span>4,598<span class=\"_ _18b\"> </span>-<span class=\"_ _3d\"> </span>571,132<span class=\"_ _24\"> </span>575,73<span class=\"_ _0\"></span>1<span class=\"_ _60\"> </span>-<span class=\"_ _12e\"> </span>4,598<span class=\"_ _1c8\"> </span>-<span class=\"_ _2b4\"> </span>4,598173Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount of fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>et and liabilitie<span class=\"_ _0\"></span>s December 31, 2021<span class=\"_ _95\"> </span>Categories<span class=\"_ _251\"> </span>F<span class=\"_ _8\"></span>air value meas<span class=\"_ _0\"></span>urement u<span class=\"_ _0\"></span>singT<span class=\"_ _1\"></span>otalF<span class=\"_ _0\"></span>air value Quoted instru<span class=\"ls0 ws0\">-</span>F<span class=\"_ _0\"></span>air value thr<span class=\"_ _0\"></span>ough other Financi<span class=\"_ _0\"></span>alprices Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> mentsthr<span class=\"_ _0\"></span>ough comprehen<span class=\"ls0 ws0\">-</span>instrumentsin active observable unobserv<span class=\"ls0 ws0\">-</span>measur<span class=\"_ _8\"></span>edprofit and sive income at amortised ma<span class=\"_ _a\"></span>rke<span class=\"_ _a\"></span>ts<span class=\"_ _a\"></span> inputs able inputs at f<span class=\"_ _0\"></span>air(EUR 1,000)<span class=\"_ _194\"> </span><span class=\"ff2 lsd ws1a\">Note<span class=\"_ _a\"></span>s</span>loss (FVPL)(FVOCI)cost<span class=\"_ _40\"> </span><span class=\"lsc6 ws19d\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>(Lev<span class=\"_ _0\"></span>el 1)(Lev<span class=\"_ _0\"></span>el2)(Lev<span class=\"_ _0\"></span>el 3)valueAsse<span class=\"_ _a\"></span>tsDerivaties<span class=\"_ _71\"> </span>30<span class=\"_ _45\"> </span>6,386<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _2d8\"> </span>6,386<span class=\"_ _60\"> </span>-<span class=\"_ _28d\"> </span>6,386<span class=\"_ _84\"> </span>-<span class=\"_ _2c6\"> </span>6,386Finance lea<span class=\"_ _0\"></span>se23,25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _41\"> </span>10,220<span class=\"_ _122\"> </span>10,22<span class=\"_ _0\"></span>0<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-rec<span class=\"_ _0\"></span>eivableT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _46\"> </span>25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _45\"> </span>91,533<span class=\"_ _c\"> </span>91,533<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _13d\"> </span>25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _40\"> </span>98,490<span class=\"_ _11\"> </span>98,490<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-Cash and ca<span class=\"_ _0\"></span>sh-<span class=\"_ _18b\"> </span>-<span class=\"_ _41\"> </span>24,2<span class=\"_ _0\"></span>62<span class=\"_ _2d9\"> </span>2<span class=\"_ _0\"></span>4,262<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _12c\"> </span>-equivalentsTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d7\"> </span>6,386<span class=\"_ _104\"> </span>-<span class=\"_ _28d\"> </span>224,506<span class=\"_ _1b0\"> </span>230,892<span class=\"_ _60\"> </span>-<span class=\"_ _12e\"> </span>6,386<span class=\"_ _1c8\"> </span>-<span class=\"_ _13a\"> </span>6,386LiabilitiesLiablities t<span class=\"_ _0\"></span>o financial30<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _3d\"> </span>184,292<span class=\"_ _4\"> </span>184,292<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _12c\"> </span>-instit<span class=\"_ _0\"></span>utionsLeas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _64\"> </span>12<span class=\"_ _62\"> </span>-<span class=\"_ _e8\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-Derivaties<span class=\"_ _71\"> </span>30<span class=\"_ _106\"> </span>4,138<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _137\"> </span>4,138<span class=\"_ _60\"> </span>-<span class=\"_ _3e\"> </span>4,138<span class=\"_ _7f\"> </span>-<span class=\"_ _28d\"> </span>4,138T<span class=\"_ _1\"></span>rade payable<span class=\"_ _0\"></span>s, and -<span class=\"_ _18b\"> </span>-<span class=\"_ _43\"> </span>226,848<span class=\"_ _1b1\"> </span>226,848<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-other pay<span class=\"_ _0\"></span>ablesTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2da\"> </span>4,138<span class=\"_ _18b\"> </span>-<span class=\"_ _2c3\"> </span>411,140<span class=\"_ _24\"> </span>415,277<span class=\"_ _153\"> </span>-<span class=\"_ _2ca\"> </span>4,138<span class=\"_ _7f\"> </span>-<span class=\"_ _2c6\"> </span>4,138F<span class=\"_ _8\"></span>air value of fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets and financi<span class=\"_ _0\"></span>al liabilities ar<span class=\"_ _8\"></span>e measur<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g differ<span class=\"_ _8\"></span>ent level<span class=\"_ _0\"></span>s of input. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Lev<span class=\"_ _0\"></span>el 1 inputs ar<span class=\"_ _8\"></span>e quoted price<span class=\"_ _0\"></span>s (unadjus<span class=\"_ _0\"></span>ted) in activ<span class=\"_ _0\"></span>e mark<span class=\"_ _8\"></span>ets f<span class=\"_ _0\"></span>or identical a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s or </span></span>liabilities t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he entity can acces<span class=\"_ _0\"></span>s at the meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ement dat<span class=\"_ _8\"></span>e. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Lev<span class=\"_ _0\"></span>el 2 inputs ar<span class=\"_ _8\"></span>e inputs other th<span class=\"_ _0\"></span>an quot<span class=\"_ _0\"></span>ed prices included within le<span class=\"_ _0\"></span>vel 1 th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e </span></span>obs<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vable f<span class=\"_ _8\"></span>or the as<span class=\"_ _0\"></span>set or liability<span class=\"_ _8\"></span>, either direct<span class=\"_ _0\"></span>ly or indir<span class=\"_ _0\"></span>ectly<span class=\"_ _8\"></span>. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Lev<span class=\"_ _0\"></span>el 3 inputs ar<span class=\"_ _8\"></span>e unobservable inputs f<span class=\"_ _8\"></span>or the ass<span class=\"_ _0\"></span>et or liability.</span></span>1<span class=\"_ _16\"></span>74<span class=\"_ _22\"> </span><span class=\"ff5 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 31 - Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in obligations f<span class=\"_ _8\"></span>rom fi<span class=\"_ _0\"></span>nancial activiti<span class=\"_ _0\"></span>es2022Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t-bearingloans andborro<span class=\"_ _0\"></span>wings Leas<span class=\"_ _0\"></span>e liabilities(EUR 1,000)(Note 23)(Note 12)<span class=\"_ _ac\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>1.1<span class=\"_ _2db\"> </span>183,853<span class=\"_ _e8\"> </span>80,604<span class=\"_ _109\"> </span>264,457Cash FlowsPr<span class=\"_ _0\"></span>oceeds of loans f<span class=\"_ _8\"></span>rom financial ins<span class=\"_ _0\"></span>titutions<span class=\"_ _134\"> </span>1,178,067<span class=\"_ _165\"> </span>-<span class=\"_ _163\"> </span>1,178,067Rep<span class=\"_ _0\"></span>ayment of loans f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _287\"> </span>-1,030,217<span class=\"_ _165\"> </span>-<span class=\"_ _50\"> </span>-1,030,217Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _1f8\"> </span>-5,658<span class=\"_ _165\"> </span>-<span class=\"_ _9f\"> </span>-5,658Leas<span class=\"_ _0\"></span>e payments<span class=\"_ _72\"> </span>-<span class=\"_ _18b\"> </span>-19,770<span class=\"_ _18b\"> </span>-19,770Non-cash eff<span class=\"_ _8\"></span>ectsInt<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expensed<span class=\"_ _1f4\"> </span>5,258<span class=\"_ _b1\"> </span>4,575<span class=\"_ _a0\"> </span>9,833Net additions leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _15b\"> </span>-<span class=\"_ _1fc\"> </span>25,266<span class=\"_ _9f\"> </span>25,266Other non-cas<span class=\"_ _0\"></span>h items<span class=\"_ _2bd\"> </span>-5,588<span class=\"_ _16d\"> </span>0<span class=\"_ _11b\"> </span>-5,58831.12<span class=\"_ _21d\"> </span>325,715 <span class=\"_ _1af\"> </span> 90,67<span class=\"_ _1\"></span>4 <span class=\"_ _4e\"> </span>416,390Curr<span class=\"_ _0\"></span>ent<span class=\"_ _21b\"> </span>21,682<span class=\"_ _9f\"> </span>73,536<span class=\"_ _165\"> </span>-Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _23b\"> </span>304,033<span class=\"_ _a0\"> </span>17,139<span class=\"_ _165\"> </span>-2021Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t-bearingloans andborro<span class=\"_ _0\"></span>wings Leas<span class=\"_ _0\"></span>e liabilities(EUR 1,000)(Note 23)(Note 15)<span class=\"_ _ac\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>1.1<span class=\"_ _2dc\"> </span>228,687<span class=\"_ _c3\"> </span>88,175<span class=\"_ _6f\"> </span>316,86<span class=\"_ _0\"></span>1Cash FlowsPr<span class=\"_ _0\"></span>oceeds of loans f<span class=\"_ _8\"></span>rom financial ins<span class=\"_ _0\"></span>titutions<span class=\"_ _215\"> </span>728,843<span class=\"_ _2dd\"> </span>-<span class=\"_ _d4\"> </span>728,843Rep<span class=\"_ _0\"></span>ayment of loans f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _1d6\"> </span>-775,640<span class=\"_ _165\"> </span>-<span class=\"_ _27b\"> </span>-775,640Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _1fb\"> </span>-1,553<span class=\"_ _165\"> </span>-<span class=\"_ _c3\"> </span>-1,553Leas<span class=\"_ _0\"></span>e payments<span class=\"_ _72\"> </span>-<span class=\"_ _104\"> </span>-19,96<span class=\"_ _0\"></span>9<span class=\"_ _104\"> </span>-19,96<span class=\"_ _0\"></span>9Non-cash eff<span class=\"_ _8\"></span>ectsInt<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expensed<span class=\"_ _2de\"> </span>1,953<span class=\"_ _a2\"> </span>4,138<span class=\"_ _b1\"> </span>6,091Net additions leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _15b\"> </span>-<span class=\"_ _a0\"> </span>8,260<span class=\"_ _a4\"> </span>8,2<span class=\"_ _0\"></span>60Other non-cas<span class=\"_ _0\"></span>h items<span class=\"_ _203\"> </span>1,564<span class=\"_ _16d\"> </span>0<span class=\"_ _a2\"> </span>1,56431.12<span class=\"_ _2df\"> </span>183,853 <span class=\"_ _53\"> </span> 80,604 <span class=\"_ _27b\"> </span>264,457Curr<span class=\"_ _0\"></span>ent<span class=\"_ _bb\"> </span>14,420<span class=\"_ _1fc\"> </span>62,342<span class=\"_ _165\"> </span>-Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _2e0\"> </span>16<span class=\"_ _0\"></span>9,433<span class=\"_ _a0\"> </span>18,261<span class=\"_ _165\"> </span>-175Not<span class=\"_ _0\"></span>e 32- R<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed PartiesT<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s with k<span class=\"_ _0\"></span>ey m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>tRel<span class=\"_ _0\"></span>ated party tran<span class=\"_ _0\"></span>sactions and bala<span class=\"_ _0\"></span>nces<span class=\"_ _194\"> </span>T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>saction values f<span class=\"_ _8\"></span>or the year ended<span class=\"_ _43\"> </span>Balance outs<span class=\"_ _0\"></span>tanding as ofDecember 31,December 31,December 31,December 31,(EUR 1,000)2022202120222021Joint V<span class=\"_ _8\"></span>entur<span class=\"_ _0\"></span>esSales of goods and s<span class=\"_ _0\"></span>ervices<span class=\"_ _18d\"> </span> 4,877 <span class=\"_ _53\"> </span> 3,014 <span class=\"_ _4e\"> </span> 1,200 <span class=\"_ _c6\"> </span>643Pur<span class=\"_ _0\"></span>chase of g<span class=\"_ _0\"></span>oods and services<span class=\"_ _141\"> </span> 35,781 <span class=\"_ _108\"> </span> 23,872 <span class=\"_ _4e\"> </span> 2,39<span class=\"_ _8\"></span>4 <span class=\"_ _6b\"> </span> 2,260Dividends r<span class=\"_ _0\"></span>eceived<span class=\"_ _2b2\"> </span> - <span class=\"_ _df\"> </span> 4,965 <span class=\"_ _1b2\"> </span>-<span class=\"_ _2e1\"> </span> -Associ<span class=\"_ _0\"></span>atesSales of goods and s<span class=\"_ _0\"></span>ervices<span class=\"_ _170\"> </span><span class=\"ls1 ws1\"> 69<span class=\"_ _a\"></span> <span class=\"_ _71\"> </span></span>227 <span class=\"_ _a7\"> </span> - <span class=\"_ _e3\"> </span> 6Pur<span class=\"_ _0\"></span>chase of g<span class=\"_ _0\"></span>oods and services<span class=\"_ _2e2\"> </span> 1,198 <span class=\"_ _6b\"> </span> 4,465 <span class=\"_ _d2\"> </span><span class=\"lsb ws8c\"> 26 <span class=\"_ _b5\"> </span></span>819Loan and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed inter<span class=\"_ _0\"></span>est<span class=\"_ _201\"> </span>-<span class=\"_ _2e1\"> </span> - <span class=\"_ _1fc\"> </span>836 <span class=\"_ _c6\"> </span>834Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s: annual compens<span class=\"_ _0\"></span>ation and number of shar<span class=\"_ _8\"></span>es ownedRel<span class=\"_ _0\"></span>ated party tran<span class=\"_ _0\"></span>sactions and bala<span class=\"_ _0\"></span>nces<span class=\"_ _dc\"> </span>Compensation earned<span class=\"_ _1b4\"> </span>Number of share<span class=\"_ _0\"></span>sDecember 31,December 31,December 31,December 31,(EUR 1,000, ex<span class=\"_ _0\"></span>cept number of shar<span class=\"_ _8\"></span>es)2022202120222021Jo Olav L<span class=\"_ _0\"></span>under<span class=\"_ _0\"></span>, Chairpers<span class=\"_ _0\"></span>on<span class=\"_ _1fe\"> </span> 65 <span class=\"_ _c3\"> </span> 59 <span class=\"_ _108\"> </span>107,142 <span class=\"_ _108\"> </span>107,142Sanna Su<span class=\"_ _0\"></span>vanto-H<span class=\"_ _0\"></span>arsaae<span class=\"_ _2e3\"> </span> 43 <span class=\"_ _c3\"> </span> 32 <span class=\"_ _69\"> </span> 14,285 <span class=\"_ _13c\"> </span> 14,285Sid Johari<span class=\"_ _212\"> </span> 40 <span class=\"_ _b5\"> </span> 40 <span class=\"_ _62\"> </span> 17,857 <span class=\"_ _62\"> </span> 17,857Anna Belf<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e<span class=\"_ _172\"> </span> 48 <span class=\"_ _c3\"> </span> 36 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> -Anette Bauer Ellin<span class=\"_ _0\"></span>gsen<span class=\"_ _214\"> </span> 15 <span class=\"_ _217\"> </span> 11 <span class=\"_ _75\"> </span> 1,071 <span class=\"_ _66\"> </span> 1,071Erlend Sv<span class=\"_ _0\"></span>eva<span class=\"_ _299\"> </span> 15 <span class=\"_ _a4\"> </span> 15 <span class=\"_ _66\"> </span> 1,071 <span class=\"_ _75\"> </span> 1,071Marius Wiklund<span class=\"_ _172\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _da\"> </span> 1,786 <span class=\"_ _da\"> </span> 1,7<span class=\"_ _0\"></span>86P<span class=\"_ _0\"></span>er Thau<span class=\"_ _208\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> -Michael F<span class=\"_ _0\"></span>ranci<span class=\"_ _0\"></span>s Cronin<span class=\"_ _2e4\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> -Marianne Gr<span class=\"_ _0\"></span>oven<span class=\"_ _88\"> </span> 1 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> -Other r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed part<span class=\"_ _a\"></span>y tr<span class=\"_ _8\"></span>ansactionsLo<span class=\"_ _0\"></span>ans to emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e EUR 2<span class=\"_ _0\"></span>4 thou<span class=\"_ _0\"></span>sand in 2022 and EUR 20 t<span class=\"_ _0\"></span>housand in 2<span class=\"_ _0\"></span>021. No guar<span class=\"ws0\">-</span>ant<span class=\"_ _0\"></span>ees h<span class=\"_ _0\"></span>ave been pr<span class=\"_ _8\"></span>ovided. None of the Boar<span class=\"_ _8\"></span>d Members or t<span class=\"_ _0\"></span>he CEO h<span class=\"_ _0\"></span>ave e<span class=\"_ _8\"></span>xec<span class=\"_ _0\"></span>utive loans or guar<span class=\"_ _8\"></span>antee<span class=\"_ _0\"></span>s in the Compan<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>.None of the Boar<span class=\"_ _8\"></span>d Members or the CE<span class=\"_ _8\"></span>O hav<span class=\"_ _0\"></span>e ex<span class=\"_ _8\"></span>ecutive loan<span class=\"_ _0\"></span>s or guar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ees in the Comp<span class=\"_ _0\"></span>any<span class=\"_ _8\"></span>.1<span class=\"_ _16\"></span>76<span class=\"_ _2f\"> </span><span class=\"ff8 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 33 - Subs<span class=\"_ _8\"></span>equent event<span class=\"_ _0\"></span>sOn F<span class=\"_ _0\"></span>ebruar<span class=\"_ _a\"></span>y 22, 2023, Elopak announced t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he sale of all Elopak's sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in its f<span class=\"_ _8\"></span>ormerR<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an subsidiary, JS<span class=\"_ _0\"></span>C Elopak ha<span class=\"_ _0\"></span>s been completed and Elop<span class=\"_ _0\"></span>ak has t<span class=\"_ _0\"></span>hus fin<span class=\"_ _0\"></span>alized its div<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ment of its R<span class=\"_ _8\"></span>ussian oper<span class=\"_ _0\"></span>ations. R<span class=\"_ _8\"></span>eceipt of the pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price r<span class=\"_ _0\"></span>emain<span class=\"_ _0\"></span>s pending the due d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the v<span class=\"_ _0\"></span>arious inst<span class=\"_ _0\"></span>alments.Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impactSust<span class=\"_ _0\"></span>ainability F<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>meworkElopak m<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>s the ris<span class=\"_ _0\"></span>ks r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o sust<span class=\"_ _0\"></span>ainability<span class=\"_ _0\"></span>. Climat<span class=\"_ _0\"></span>e risk<span class=\"_ _8\"></span>s, such as the r<span class=\"_ _8\"></span>apidly changin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>egulat<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y environmen<span class=\"_ _0\"></span>t and phy<span class=\"_ _0\"></span>sical risk<span class=\"_ _8\"></span>s are int<span class=\"_ _8\"></span>egr<span class=\"_ _0\"></span>ated p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ts of the su<span class=\"_ _0\"></span>stain<span class=\"_ _0\"></span>ability fr<span class=\"_ _8\"></span>amework.W<span class=\"_ _8\"></span>e f<span class=\"_ _0\"></span>ocus our eff<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>ts on monitorin<span class=\"_ _0\"></span>g global developmen<span class=\"_ _0\"></span>ts concernin<span class=\"_ _0\"></span>g sus<span class=\"_ _0\"></span>tainability and/<span class=\"_ _1\"></span>orpacka<span class=\"_ _0\"></span>ging, such a<span class=\"_ _0\"></span>s the EU T<span class=\"_ _1\"></span>ax<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>y fr<span class=\"_ _8\"></span>amework, the Corpor<span class=\"_ _8\"></span>ate S<span class=\"_ _0\"></span>ustain<span class=\"_ _0\"></span>ability due diligencedir<span class=\"_ _0\"></span>ective, and the EU P<span class=\"_ _8\"></span>ackaging &amp; P<span class=\"_ _8\"></span>ackaging W<span class=\"_ _0\"></span>ast<span class=\"_ _8\"></span>e Directive. See 2<span class=\"_ _0\"></span>022 Elopak sus<span class=\"_ _0\"></span>tainability r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e details. The EU Dir<span class=\"_ _8\"></span>ective 2019<span class=\"_ _8\"></span>/<span class=\"_ _0\"></span>904, also k<span class=\"_ _0\"></span>nown as Sin<span class=\"_ _0\"></span>gle Use Pla<span class=\"_ _0\"></span>stic Dir<span class=\"_ _0\"></span>ective r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at all single u<span class=\"_ _0\"></span>se pla<span class=\"_ _0\"></span>stic closur<span class=\"_ _8\"></span>es th<span class=\"_ _0\"></span>at encompas<span class=\"_ _0\"></span>s the carton clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es mu<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>emain attached during it<span class=\"_ _0\"></span>s use, which will come in<span class=\"_ _0\"></span>to eff<span class=\"_ _8\"></span>ect as of July 3, 202<span class=\"_ _8\"></span>4.At pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t, Elopak is s<span class=\"_ _0\"></span>ubject to Pl<span class=\"_ _0\"></span>astic P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oduct T<span class=\"_ _1\"></span>ax in the UK and Spain f<span class=\"_ _8\"></span>rom 2<span class=\"_ _0\"></span>022and in Italy starting in 2023. W<span class=\"_ _8\"></span>e will as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s development<span class=\"_ _0\"></span>s of Plas<span class=\"_ _0\"></span>tic Pr<span class=\"_ _8\"></span>oduct T<span class=\"_ _1\"></span>ax in othercountrie<span class=\"_ _0\"></span>s as r<span class=\"_ _8\"></span>elevant. As EU Member Stat<span class=\"_ _8\"></span>es ha<span class=\"_ _0\"></span>ve compet<span class=\"_ _8\"></span>ence on tax, they m<span class=\"_ _0\"></span>ay chan<span class=\"_ _0\"></span>ge scope,define pay<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, or decide if the lev<span class=\"_ _a\"></span>y will be paid f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om nation<span class=\"_ _0\"></span>al budget, meaning no impo<span class=\"_ _0\"></span>sitionof pla<span class=\"_ _0\"></span>stic tax. It ha<span class=\"_ _0\"></span>s been ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at the Pla<span class=\"_ _0\"></span>stic Pr<span class=\"_ _8\"></span>oduct T<span class=\"_ _1\"></span>ax will hav<span class=\"_ _0\"></span>e no impact on theout<span class=\"_ _0\"></span>come of impairment t<span class=\"_ _8\"></span>esting.Elopak su<span class=\"_ _0\"></span>stain<span class=\"_ _0\"></span>ability prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mElopak\u2019<span class=\"_ _f\"></span>s Group s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ategy is m<span class=\"_ _0\"></span>anaged t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ough an annual busines<span class=\"_ _0\"></span>s planning pr<span class=\"_ _8\"></span>ocess wher<span class=\"_ _8\"></span>e the Compan<span class=\"_ _0\"></span>y defines s<span class=\"_ _0\"></span>ome ke<span class=\"_ _0\"></span>y priorities. Each busine<span class=\"_ _0\"></span>ss unit define<span class=\"_ _0\"></span>s its Must<span class=\"_ _0\"></span>-Win-Battle<span class=\"_ _0\"></span>s, which ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>anulat<span class=\"_ _8\"></span>ed down to individual tar<span class=\"_ _8\"></span>gets f<span class=\"_ _0\"></span>or employee<span class=\"_ _0\"></span>s. This st<span class=\"_ _0\"></span>ruct<span class=\"_ _0\"></span>ure en<span class=\"_ _0\"></span>tails the en<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>e organiz<span class=\"_ _0\"></span>ation and str<span class=\"_ _8\"></span>ategic appr<span class=\"_ _8\"></span>oach, including the s<span class=\"_ _0\"></span>ustain<span class=\"_ _0\"></span>ability pro<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am. R<span class=\"_ _0\"></span>ead mor<span class=\"_ _0\"></span>e about Elopak\u2019<span class=\"_ _1\"></span>s Gr<span class=\"_ _8\"></span>oup 177Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impact <span class=\"fc3\">continued</span>str<span class=\"_ _8\"></span>ategy in our Annual Report.The sus<span class=\"_ _0\"></span>tainability pr<span class=\"_ _8\"></span>ogr<span class=\"_ _0\"></span>am is an embedded part of the over<span class=\"_ _8\"></span>all gr<span class=\"_ _0\"></span>oup str<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, and re<span class=\"_ _0\"></span>sponsibilitie<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or various s<span class=\"_ _0\"></span>ections ar<span class=\"_ _0\"></span>e placed t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oughout all busines<span class=\"_ _0\"></span>s units. The Gr<span class=\"_ _0\"></span>oup Leader<span class=\"_ _0\"></span>ship T<span class=\"_ _f\"></span>eam (GL<span class=\"_ _1\"></span>T) is t<span class=\"_ _0\"></span>he over<span class=\"_ _8\"></span>all steerin<span class=\"_ _0\"></span>g committ<span class=\"_ _0\"></span>ee of the pr<span class=\"_ _8\"></span>ogram and r<span class=\"_ _8\"></span>eviews the perf<span class=\"_ _0\"></span>ormance on a quarterly basi<span class=\"_ _0\"></span>s. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _8\"></span>s is over<span class=\"_ _8\"></span>all re<span class=\"_ _0\"></span>sponsible f<span class=\"_ _8\"></span>or str<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _a\"></span>y appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>al and implementation.Our sus<span class=\"_ _0\"></span>tainability pr<span class=\"_ _8\"></span>ogram c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>s of 16 tar<span class=\"_ _0\"></span>gets divided int<span class=\"_ _8\"></span>o our mat<span class=\"_ _0\"></span>erial topics. <span class=\"_ _0\"></span>The targ<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e link<span class=\"_ _0\"></span>ed to s<span class=\"_ _0\"></span>pecific str<span class=\"_ _8\"></span>ategic initiativ<span class=\"_ _0\"></span>es owned b<span class=\"_ _0\"></span>y rele<span class=\"_ _0\"></span>vant bu<span class=\"_ _0\"></span>siness ar<span class=\"_ _8\"></span>eas. Specific KPI<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e defined t<span class=\"_ _0\"></span>o measur<span class=\"_ _8\"></span>e and report prog<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ess and con<span class=\"_ _0\"></span>tinuously adap<span class=\"_ _0\"></span>ted t<span class=\"_ _8\"></span>o reflect our ambitions, some of which r<span class=\"_ _8\"></span>efer t<span class=\"_ _8\"></span>o the GRI f<span class=\"_ _8\"></span>rame<span class=\"_ _0\"></span>work; other<span class=\"_ _8\"></span>s are mor<span class=\"_ _8\"></span>e specific to our indu<span class=\"_ _0\"></span>str<span class=\"_ _a\"></span>y and hence self-defined. See 2022 Elop<span class=\"_ _0\"></span>ak sust<span class=\"_ _0\"></span>ainability r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e details.Climat<span class=\"_ _8\"></span>e RiskA f<span class=\"_ _0\"></span>ull climat<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial adver<span class=\"_ _0\"></span>se ph<span class=\"_ _0\"></span>ysical imp<span class=\"_ _0\"></span>acts t<span class=\"_ _0\"></span>o the busine<span class=\"_ _0\"></span>ss f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om climat<span class=\"_ _0\"></span>echan<span class=\"_ _0\"></span>ge wa<span class=\"_ _0\"></span>s completed in 2<span class=\"_ _0\"></span>022 in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h T<span class=\"_ _8\"></span>CFD (T<span class=\"_ _1\"></span>ask F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ce on Climat<span class=\"_ _8\"></span>e-rel<span class=\"_ _0\"></span>ated Fin<span class=\"_ _0\"></span>ancial Dis<span class=\"_ _0\"></span>closur<span class=\"_ _8\"></span>es), a f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>amework or<span class=\"_ _0\"></span>ganization t<span class=\"_ _8\"></span>o publicly disclos<span class=\"_ _0\"></span>e climat<span class=\"_ _0\"></span>e-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risk<span class=\"_ _8\"></span>s &amp; oppor<span class=\"_ _a\"></span>tunities.The climat<span class=\"_ _8\"></span>e risk is c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>orized in<span class=\"_ _0\"></span>to ph<span class=\"_ _8\"></span>ysical impacts s<span class=\"_ _0\"></span>uch as e<span class=\"_ _0\"></span>xtr<span class=\"_ _0\"></span>eme weather<span class=\"_ _1\"></span>, floods or dr<span class=\"_ _0\"></span>oughts and sea lev<span class=\"_ _0\"></span>el ris<span class=\"_ _0\"></span>e and T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ansition impact<span class=\"_ _0\"></span>s fr<span class=\"_ _8\"></span>om pot<span class=\"_ _0\"></span>ential chan<span class=\"_ _0\"></span>ges in clim<span class=\"_ _8\"></span>ate policy and mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et outlook<span class=\"_ _0\"></span>s. In or<span class=\"_ _0\"></span>der to c<span class=\"_ _0\"></span>omprehen<span class=\"_ _0\"></span>sively m<span class=\"_ _0\"></span>ap and analyz<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s and oppor<span class=\"_ _a\"></span>tunitie<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed with clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e, inf<span class=\"_ _0\"></span>ormation and insigh<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e obtained on the f<span class=\"_ _8\"></span>ollowing t<span class=\"_ _0\"></span>hree p<span class=\"_ _0\"></span>aramet<span class=\"_ _8\"></span>ers: Impact, lik<span class=\"_ _8\"></span>elihood and time horizon. A combination of t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>aramet<span class=\"_ _8\"></span>ers pr<span class=\"_ _8\"></span>ovides an ov<span class=\"_ _0\"></span>erall ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of which risk and opportunitie<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>specially r<span class=\"_ _8\"></span>elevant f<span class=\"_ _8\"></span>or Elopak.Fina<span class=\"_ _0\"></span>ncial climat<span class=\"_ _8\"></span>e impactsBased on t<span class=\"_ _0\"></span>he sus<span class=\"_ _0\"></span>tainability f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>amework, the defined s<span class=\"_ _0\"></span>ustain<span class=\"_ _0\"></span>ability pro<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am targ<span class=\"_ _0\"></span>ets and the r<span class=\"_ _8\"></span>esult of the clim<span class=\"_ _0\"></span>ate ri<span class=\"_ _0\"></span>sk ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment, Elopak ha<span class=\"_ _0\"></span>s consider<span class=\"_ _0\"></span>ed the impact<span class=\"_ _0\"></span>s of climat<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge in pr<span class=\"_ _0\"></span>eparing the 2022 c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed annual financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. The table below s<span class=\"_ _0\"></span>ummariz<span class=\"_ _0\"></span>es the clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk fin<span class=\"_ _0\"></span>ancial impact a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssments f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om Elopak 2022 su<span class=\"_ _0\"></span>stain<span class=\"_ _0\"></span>abilit<span class=\"_ _a\"></span>y r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>t:178<span class=\"_ _40\"> </span><span class=\"ff8 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impact <span class=\"fc3\">continued</span>Annual ImpactClimat<span class=\"_ _0\"></span>e risk(EUR million) <span class=\"_ _22\"> </span>Time horiz<span class=\"_ _0\"></span>on<span class=\"_ _22\"> </span>CategoryRe<span class=\"_ _0\"></span>gulatory risk: Competition f<span class=\"_ _0\"></span>rom ot<span class=\"_ _0\"></span>her low-carbon packa<span class=\"_ _0\"></span>ging More t<span class=\"_ _0\"></span>han 80<span class=\"_ _15\"> </span>shor<span class=\"_ _a\"></span>t<span class=\"_ _b1\"> </span>r<span class=\"_ _0\"></span>evenuealtern<span class=\"_ _0\"></span>ativesRe<span class=\"_ _0\"></span>gulatory risk: Chan<span class=\"_ _0\"></span>ging lands<span class=\"_ _0\"></span>cape for p<span class=\"_ _0\"></span>ackaging r<span class=\"_ _0\"></span>egulations<span class=\"_ _2f\"> </span>More t<span class=\"_ _0\"></span>han 80<span class=\"_ _15\"> </span>shor<span class=\"_ _a\"></span>t<span class=\"_ _ac\"> </span>revenueOpportunity: Offering low-c<span class=\"_ _0\"></span>arbon and circ<span class=\"_ _0\"></span>ular altern<span class=\"_ _0\"></span>atives<span class=\"_ _142\"> </span>More th<span class=\"_ _0\"></span>an 80<span class=\"_ _49\"> </span>short<span class=\"_ _b1\"> </span>rev<span class=\"_ _0\"></span>enueOpportunity: Rising cost<span class=\"_ _0\"></span>s relat<span class=\"_ _8\"></span>ed to COLes<span class=\"_ _0\"></span>s than 20<span class=\"_ _153\"> </span>short<span class=\"_ _b1\"> </span>revenue2Re<span class=\"_ _0\"></span>gulatory risk: Const<span class=\"_ _0\"></span>rained acce<span class=\"_ _0\"></span>ss and price fluctuations f<span class=\"_ _8\"></span>or low- Between 5 and 20<span class=\"_ _c\"> </span>short<span class=\"_ _b1\"> </span><span class=\"lsb ws8c\">c<span class=\"_ _a\"></span>ost</span>emission m<span class=\"_ _0\"></span>aterialsPhy<span class=\"_ _0\"></span>sical risk: Extr<span class=\"_ _0\"></span>eme st<span class=\"_ _0\"></span>orm events di<span class=\"_ _0\"></span>srupting dir<span class=\"_ _0\"></span>ect operations f<span class=\"_ _8\"></span>or Les<span class=\"_ _0\"></span>s than 5<span class=\"_ _194\"> </span>medium<span class=\"_ _1af\"> </span><span class=\"lsb ws8c\">cost</span>up to one weekRe<span class=\"_ _0\"></span>gulatory risk: T<span class=\"_ _1\"></span>echnological development<span class=\"_ _0\"></span>s for carton r<span class=\"_ _0\"></span>ecycling More t<span class=\"_ _0\"></span>han 20<span class=\"_ _49\"> </span>medium<span class=\"_ _1af\"> </span><span class=\"lsb ws8c\">cost</span>requir<span class=\"_ _8\"></span>e investment and/<span class=\"_ _1\"></span>or product developmentPhy<span class=\"_ _0\"></span>sical risk: Chr<span class=\"_ _0\"></span>onic drought<span class=\"_ _0\"></span>s or water shortages in ar<span class=\"_ _8\"></span>eas of Between 5 and 20<span class=\"_ _c\"> </span>long<span class=\"_ _1b2\"> </span><span class=\"lsb ws8c\">cost</span>direct oper<span class=\"_ _8\"></span>ations or upstr<span class=\"_ _0\"></span>eam value chainPhy<span class=\"_ _0\"></span>sical risk: Wildfir<span class=\"_ _0\"></span>es impacting r<span class=\"_ _0\"></span>aw mat<span class=\"_ _8\"></span>erial volumes in the Between 5 and 20<span class=\"_ _c\"> </span>long<span class=\"_ _1b2\"> </span><span class=\"lsb ws8c\">cost</span>upstr<span class=\"_ _8\"></span>eam value chain4 risk<span class=\"_ _8\"></span>s/<span class=\"_ _8\"></span>oppor<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>unities ar<span class=\"_ _8\"></span>e considered t<span class=\"_ _8\"></span>o hav<span class=\"_ _0\"></span>e a pot<span class=\"_ _0\"></span>ential of incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>evenues at a s<span class=\"_ _0\"></span>hor<span class=\"_ _a\"></span>t time horizon while 5 ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e a risk of co<span class=\"_ _0\"></span>sts at short, medium or long time horizon<span class=\"_ _0\"></span>s. Lon<span class=\"_ _0\"></span>g time horizon varie<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om up to 2<span class=\"_ _0\"></span>030 f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>egul<span class=\"_ _0\"></span>ator<span class=\"_ _a\"></span>y ri<span class=\"_ _0\"></span>sks and un<span class=\"_ _0\"></span>til 2100 f<span class=\"_ _0\"></span>or phy<span class=\"_ _0\"></span>sical ri<span class=\"_ _0\"></span>sks.Impact on capit<span class=\"_ _0\"></span>al expendit<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e commitment<span class=\"_ _0\"></span>s: <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">T<span class=\"_ _1\"></span>ar<span class=\"_ _0\"></span>gets r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed to r<span class=\"_ _8\"></span>educed emissions ar<span class=\"_ _8\"></span>e mainly met by r<span class=\"_ _8\"></span>eplacing old pr<span class=\"_ _8\"></span>oduction line </span></span>components wit<span class=\"_ _0\"></span>h new, mor<span class=\"_ _0\"></span>e energy-eff<span class=\"_ _0\"></span>ective component<span class=\"_ _0\"></span>s. Most of t<span class=\"_ _0\"></span>he repl<span class=\"_ _0\"></span>aced par<span class=\"_ _a\"></span>ts ar<span class=\"_ _0\"></span>e alr<span class=\"_ _0\"></span>eady f<span class=\"_ _0\"></span>ully depreci<span class=\"_ _0\"></span>ated. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Due t<span class=\"_ _0\"></span>o the Single Us<span class=\"_ _0\"></span>e Plas<span class=\"_ _0\"></span>tic Directiv<span class=\"_ _0\"></span>e the e<span class=\"_ _8\"></span>xisting Cap<span class=\"_ _0\"></span>s lease c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts h<span class=\"_ _0\"></span>ave been </span></span>r<span class=\"_ _0\"></span>eass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sed with a r<span class=\"_ _8\"></span>educed usef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e in pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>or the chan<span class=\"_ _0\"></span>ging legi<span class=\"_ _0\"></span>slation Elopak ha<span class=\"_ _0\"></span>s signed a contr<span class=\"_ _8\"></span>act for T<span class=\"_ _f\"></span>ether<span class=\"_ _8\"></span>ed Cap lines and is e<span class=\"_ _8\"></span>xpecting to e<span class=\"_ _8\"></span>xpand the off<span class=\"_ _0\"></span>ering of t<span class=\"_ _0\"></span>ether<span class=\"_ _0\"></span>ed cap solution<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>ust<span class=\"_ _8\"></span>omers during 2<span class=\"_ _0\"></span>023. Additionally<span class=\"_ _8\"></span>, Elopak h<span class=\"_ _0\"></span>as ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sed th<span class=\"_ _0\"></span>at the e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>ting leas<span class=\"_ _0\"></span>e contr<span class=\"_ _8\"></span>acts f<span class=\"_ _0\"></span>or separ<span class=\"_ _8\"></span>able cap lines should be f<span class=\"_ _0\"></span>ully depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed bef<span class=\"_ _0\"></span>ore the t<span class=\"_ _0\"></span>etherin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>equiremen<span class=\"_ _0\"></span>t will be in place and h<span class=\"_ _0\"></span>as ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e re<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pective leas<span class=\"_ _0\"></span>es, see Not<span class=\"_ _8\"></span>e 15 for f<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>ther inf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ation.179Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impact <span class=\"fc3\">continued</span>R<span class=\"_ _0\"></span>ecognition and mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ement of impairmen<span class=\"_ _0\"></span>ts:Impairment<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e mainly identified and r<span class=\"_ _8\"></span>ecognized b<span class=\"_ _0\"></span>y det<span class=\"_ _0\"></span>ermining the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount bas<span class=\"_ _0\"></span>ed on value in us<span class=\"_ _0\"></span>e, which means th<span class=\"_ _0\"></span>at the it<span class=\"_ _0\"></span>em is mea<span class=\"_ _0\"></span>sur<span class=\"_ _8\"></span>ed as a pre<span class=\"_ _0\"></span>sent v<span class=\"_ _0\"></span>alue of dis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash-flow<span class=\"_ _0\"></span>s. These c<span class=\"_ _0\"></span>ash flows ar<span class=\"_ _8\"></span>e based on e<span class=\"_ _8\"></span>xpected r<span class=\"_ _8\"></span>evenues, r<span class=\"_ _8\"></span>esult and capit<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>xpenditur<span class=\"_ _8\"></span>es in the CGU of which the it<span class=\"_ _8\"></span>em is oper<span class=\"_ _0\"></span>ating within. The clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk fin<span class=\"_ _0\"></span>ancial impact as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment conclude<span class=\"_ _0\"></span>s that t<span class=\"_ _0\"></span>he pot<span class=\"_ _0\"></span>ential of r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s is b<span class=\"_ _0\"></span>y far higher <span class=\"_ _0\"></span>than t<span class=\"_ _0\"></span>he risk of cos<span class=\"_ _0\"></span>ts and th<span class=\"_ _0\"></span>at the r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s is lik<span class=\"_ _8\"></span>ely to occ<span class=\"_ _0\"></span>ur earlier th<span class=\"_ _0\"></span>an the cos<span class=\"_ _0\"></span>ts. In the c<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>hat Elopak is f<span class=\"_ _8\"></span>aced with incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ed cost r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he climat<span class=\"_ _0\"></span>e risk<span class=\"_ _8\"></span>s, this will ov<span class=\"_ _0\"></span>er time be pas<span class=\"_ _0\"></span>sed on t<span class=\"_ _0\"></span>o the c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers, simil<span class=\"_ _0\"></span>ar to wh<span class=\"_ _8\"></span>at other packagin<span class=\"_ _0\"></span>g companies ar<span class=\"_ _8\"></span>e expect<span class=\"_ _8\"></span>ed to do when f<span class=\"_ _8\"></span>aced with t<span class=\"_ _0\"></span>he same climat<span class=\"_ _8\"></span>e challenge<span class=\"_ _0\"></span>s. Based on t<span class=\"_ _0\"></span>his, we c<span class=\"_ _0\"></span>onsider the ri<span class=\"_ _0\"></span>sk of impairment r<span class=\"_ _8\"></span>elated t<span class=\"_ _0\"></span>o climat<span class=\"_ _0\"></span>e risk t<span class=\"_ _8\"></span>o be low.R<span class=\"_ _0\"></span>ecognition and mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ement of pr<span class=\"_ _8\"></span>ovisions and di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es surr<span class=\"_ _8\"></span>ounding contin<span class=\"_ _0\"></span>gent liabilitie<span class=\"_ _0\"></span>s:Elopak h<span class=\"_ _0\"></span>as not identified f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts or loss<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>hat meets t<span class=\"_ _0\"></span>he definition of pr<span class=\"_ _0\"></span>ovision or contin<span class=\"_ _0\"></span>gent liabilitie<span class=\"_ _0\"></span>s under IAS 37 P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ovision<span class=\"_ _0\"></span>s, Conting<span class=\"_ _0\"></span>ent Liabilities and Con<span class=\"_ _0\"></span>tingen<span class=\"_ _0\"></span>t Assets.Invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y is meas<span class=\"_ _0\"></span>ured at c<span class=\"_ _0\"></span>ost and writt<span class=\"_ _8\"></span>en down to t<span class=\"_ _0\"></span>he ext<span class=\"_ _8\"></span>ent that e<span class=\"_ _8\"></span>xpected s<span class=\"_ _0\"></span>ales price les<span class=\"_ _0\"></span>s cos<span class=\"_ _0\"></span>t of sales i<span class=\"_ _0\"></span>s lower th<span class=\"_ _0\"></span>an cos<span class=\"_ _0\"></span>t. Invent<span class=\"_ _8\"></span>or<span class=\"_ _16\"></span>y it<span class=\"_ _0\"></span>ems r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o sale of cartons and clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave a high tur<span class=\"_ _0\"></span>nover<span class=\"_ _8\"></span>, hence it i<span class=\"_ _0\"></span>s not expect<span class=\"_ _8\"></span>ed to be negativ<span class=\"_ _0\"></span>ely impact<span class=\"_ _0\"></span>ed by f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e climat<span class=\"_ _0\"></span>e risk cos<span class=\"_ _0\"></span>ts. Filling m<span class=\"_ _0\"></span>achines and sp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e par<span class=\"_ _a\"></span>ts f<span class=\"_ _8\"></span>or filling machine<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e a lower t<span class=\"_ _0\"></span>urnov<span class=\"_ _0\"></span>er in invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y, howev<span class=\"_ _0\"></span>er climat<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e not concluded a specific ri<span class=\"_ _0\"></span>sk r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o thes<span class=\"_ _0\"></span>e machines.Beside<span class=\"_ _0\"></span>s the specific a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s mentioned abov<span class=\"_ _0\"></span>e, no financial clim<span class=\"_ _0\"></span>ate imp<span class=\"_ _0\"></span>acts ha<span class=\"_ _0\"></span>ve been identified as m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial t<span class=\"_ _0\"></span>o the 2022 cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed Annual Financi<span class=\"_ _0\"></span>al Stat<span class=\"_ _0\"></span>ements or t<span class=\"_ _0\"></span>he altern<span class=\"_ _0\"></span>ative per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ance measur<span class=\"_ _8\"></span>es (APMs).End of cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements.180<span class=\"_ _3f\"> </span><span class=\"ff8\">Elopak</span>R<span class=\"_ _8\"></span>espon<span class=\"_ _0\"></span>sibilit<span class=\"_ _a\"></span>y st<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ementW<span class=\"_ _8\"></span>e confirm t<span class=\"_ _0\"></span>o the bes<span class=\"_ _0\"></span>t of our knowledg<span class=\"_ _0\"></span>e that t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated fin<span class=\"_ _0\"></span>ancial stat<span class=\"_ _8\"></span>ements f<span class=\"_ _0\"></span>or the period Januar<span class=\"_ _a\"></span>y 1 to Dec<span class=\"_ _0\"></span>ember 31, 2022 h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e been prep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ed in accor<span class=\"_ _0\"></span>dance with IFR<span class=\"_ _8\"></span>S adopted by t<span class=\"_ _0\"></span>he EU as well as addition<span class=\"_ _0\"></span>al dis<span class=\"_ _0\"></span>closur<span class=\"_ _8\"></span>e requir<span class=\"_ _8\"></span>ements in the Norwegian Ac<span class=\"_ _0\"></span>counting A<span class=\"_ _0\"></span>ct, and give<span class=\"_ _0\"></span>s a true and f<span class=\"_ _8\"></span>air view of the Elopak Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _1\"></span>s a<span class=\"_ _0\"></span>ssets, li<span class=\"_ _0\"></span>abilities, financi<span class=\"_ _0\"></span>al position and r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ult f<span class=\"_ _0\"></span>or the period. W<span class=\"_ _8\"></span>e also c<span class=\"_ _0\"></span>onfirm t<span class=\"_ _0\"></span>o the bes<span class=\"_ _0\"></span>t of our knowledge t<span class=\"_ _0\"></span>hat the Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d of Direct<span class=\"_ _8\"></span>ors\u2019 R<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t includes a f<span class=\"_ _8\"></span>air re<span class=\"_ _0\"></span>view of significant e<span class=\"_ _0\"></span>vents t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave oc<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ed during t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear and their impact on t<span class=\"_ _0\"></span>he financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements, an<span class=\"_ _0\"></span>y significan<span class=\"_ _0\"></span>t rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed par<span class=\"_ _a\"></span>ties tr<span class=\"_ _8\"></span>ansactions and a des<span class=\"_ _0\"></span>cription of the principal ri<span class=\"_ _0\"></span>sks and unc<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>tainties f<span class=\"_ _8\"></span>or the financi<span class=\"_ _0\"></span>al year<span class=\"_ _8\"></span>.Elopak Gr<span class=\"_ _0\"></span>oupCons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed Financi<span class=\"_ _0\"></span>al Stat<span class=\"_ _0\"></span>ementsSk<span class=\"_ _0\"></span>\u00f8yen, Mar<span class=\"_ _8\"></span>ch 30, 2023Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s in Elopak ASAJo Ola<span class=\"_ _0\"></span>v LunderT<span class=\"_ _f\"></span>rond Solber<span class=\"_ _0\"></span>gAnna Belf<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ageChairm<span class=\"_ _0\"></span>an of the Boar<span class=\"_ _0\"></span>dBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d MemberSid Joha<span class=\"_ _0\"></span>riSann<span class=\"_ _0\"></span>a Suv<span class=\"_ _0\"></span>ant<span class=\"_ _8\"></span>o-Hars<span class=\"_ _0\"></span>aae Erlend S<span class=\"_ _0\"></span>vev<span class=\"_ _0\"></span>aBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d Member(employee r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entative)Anett<span class=\"_ _0\"></span>e Bauer Ellings<span class=\"_ _0\"></span>enThoma<span class=\"_ _0\"></span>s K<span class=\"_ _8\"></span>\u00f6rmendiBoar<span class=\"_ _0\"></span>d Member<span class=\"ls0\"> </span>CEO(employee r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entative)181E<span class=\"_ _1\"></span>lopa<span class=\"_ _a\"></span>k<span class=\"_ _16\"></span> ASA\ue61dna<span class=\"_ _a\"></span>ncia<span class=\"_ _a\"></span>ls<span class=\"_ _a\"></span>ta<span class=\"_ _a\"></span>t<span class=\"_ _1\"></span>em<span class=\"_ _a\"></span>e<span class=\"_ _a\"></span>nts20<span class=\"_ _a\"></span>2<span class=\"_ _1e\"></span>2182<span class=\"_ _ed\"> </span><span class=\"ff8\">Elopak</span>183S<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TE<span class=\"_ _0\"></span>MENT OF PR<span class=\"_ _1\"></span>OFIT AND L<span class=\"_ _8\"></span>OSS(EUR 1,000)<span class=\"_ _61\"> </span><span class=\"ff2 lsd ws1a\">N<span class=\"_ _a\"></span>ote<span class=\"_ _bc\"> </span></span>2022<span class=\"_ _53\"> </span>2021T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _61\"> </span>2<span class=\"_ _ef\"> </span>57<span class=\"_ _1\"></span>4,580 <span class=\"_ _c1\"> </span>532,327Cost of m<span class=\"_ _0\"></span>aterials<span class=\"_ _56\"> </span>-508,825 <span class=\"_ _5a\"> </span>-458,521Pa<span class=\"_ _0\"></span>yroll e<span class=\"_ _0\"></span>xpenses<span class=\"_ _7e\"> </span><span class=\"ff2\">3.4<span class=\"_ _11b\"> </span></span>-38,190 <span class=\"_ _48\"> </span>-38,37<span class=\"_ _0\"></span>0Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tization and impairmen<span class=\"_ _0\"></span>t<span class=\"_ _2e5\"> </span><span class=\"ff2\">5.6<span class=\"_ _1f9\"> </span></span>-11,206 <span class=\"_ _142\"> </span>-11,120Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _2e6\"> </span>-33,856 <span class=\"_ _48\"> </span>-42,457T<span class=\"_ _1\"></span>otal operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es<span class=\"_ _2e7\"> </span>-592,077 <span class=\"_ _40\"> </span>-550,469Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _3c\"> </span>-17,497 <span class=\"_ _c8\"> </span>-18,142Financi<span class=\"_ _0\"></span>al income and expens<span class=\"_ _0\"></span>esShar<span class=\"_ _0\"></span>e of net income fr<span class=\"_ _8\"></span>om subsidiaries and joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>es<span class=\"_ _92\"> </span><span class=\"ff2\">7.8<span class=\"_ _a4\"> </span></span>40,728 <span class=\"_ _ca\"> </span>17,357Re<span class=\"_ _0\"></span>versal / writ<span class=\"_ _0\"></span>e-down of financial fix<span class=\"_ _8\"></span>ed assets<span class=\"_ _136\"> </span><span class=\"ff2\">8<span class=\"_ _a0\"> </span></span>-13,017 <span class=\"_ _1f9\"> </span>-Financial income<span class=\"_ _c7\"> </span><span class=\"ff2\">9<span class=\"_ _27e\"> </span></span>15,100 <span class=\"_ _73\"> </span>7,62<span class=\"_ _0\"></span>4Financial e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1f3\"> </span><span class=\"ff2\">9<span class=\"_ _2bb\"> </span></span>-980 <span class=\"_ _64\"> </span>-5,3<span class=\"_ _8\"></span>91Net financi<span class=\"_ _0\"></span>al items<span class=\"_ _221\"> </span>41,832 <span class=\"_ _84\"> </span>19,590Pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _0\"></span>e tax<span class=\"_ _0\"></span>es<span class=\"_ _105\"> </span> 2<span class=\"_ _0\"></span>4,335 <span class=\"_ _55\"> </span>1,448Income tax<span class=\"_ _2c4\"> </span><span class=\"ff2\">10<span class=\"_ _dc\"> </span></span>-818 <span class=\"_ _109\"> </span>-16Net profit or lo<span class=\"_ _0\"></span>ss<span class=\"_ _59\"> </span> 23,517 <span class=\"_ _50\"> </span>1,432Allocation of net pr<span class=\"_ _0\"></span>ofitT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ansf<span class=\"_ _0\"></span>er fr<span class=\"_ _0\"></span>om / to ot<span class=\"_ _0\"></span>her equity<span class=\"_ _2dc\"> </span>1,496 <span class=\"_ _10b\"> </span>-18,782Pr<span class=\"_ _0\"></span>oposed dividend<span class=\"_ _2e8\"> </span>22,021 <span class=\"_ _12a\"> </span>20,214T<span class=\"_ _1\"></span>otal allocation<span class=\"_ _e5\"> </span>11<span class=\"_ _ac\"> </span>23,517 <span class=\"_ _50\"> </span>1,432184ElopakS<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TE<span class=\"_ _0\"></span>MENT OF FINANCIAL P<span class=\"_ _0\"></span>OSI<span class=\"_ _0\"></span>TION AS OF 3<span class=\"_ _8\"></span>1 DECEMBER(EUR 1,000)<span class=\"_ _61\"> </span><span class=\"ff2 lsd ws1a\">N<span class=\"_ _a\"></span>ote<span class=\"_ _bc\"> </span></span>2022<span class=\"_ _53\"> </span>2021Asse<span class=\"_ _a\"></span>tsNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsIntangible a<span class=\"_ _0\"></span>ssets<span class=\"_ _2e9\"> </span><span class=\"ff2\">5<span class=\"_ _a4\"> </span></span>42,383<span class=\"_ _118\"> </span>46,356Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _80\"> </span><span class=\"ff2\">10<span class=\"_ _217\"> </span></span>12,468<span class=\"_ _14f\"> </span>10,355T<span class=\"_ _1\"></span>otal intangible a<span class=\"_ _0\"></span>ssets<span class=\"_ _222\"> </span>54,851<span class=\"_ _155\"> </span>56,711Land, buildings and ot<span class=\"_ _0\"></span>her property<span class=\"_ _195\"> </span><span class=\"ff2\">6<span class=\"_ _1a9\"> </span></span>485<span class=\"_ _d8\"> </span>583Plant and m<span class=\"_ _0\"></span>achiner<span class=\"_ _a\"></span>y<span class=\"_ _2ea\"> </span><span class=\"ff2\">6<span class=\"_ _202\"> </span></span>2,56<span class=\"_ _0\"></span>1<span class=\"_ _62\"> </span>3,479E<span class=\"_ _0\"></span>quipment, tools, office m<span class=\"_ _0\"></span>achines et<span class=\"_ _0\"></span>c<span class=\"_ _c2\"> </span><span class=\"ff2\">6<span class=\"_ _145\"> </span></span>50<span class=\"_ _1cb\"> </span><span class=\"ls1 ws1\">69</span>T<span class=\"_ _1\"></span>otal fixed as<span class=\"_ _0\"></span>sets<span class=\"_ _1dd\"> </span>3,0<span class=\"_ _0\"></span>97<span class=\"_ _6b\"> </span>4,131Inves<span class=\"_ _0\"></span>tments in subsidi<span class=\"_ _0\"></span>aries<span class=\"_ _79\"> </span><span class=\"ff2\">8<span class=\"_ _ef\"> </span></span>309,225<span class=\"_ _c4\"> </span>214,571Loans t<span class=\"_ _8\"></span>o group companies<span class=\"_ _1db\"> </span><span class=\"ff2\">12<span class=\"_ _b1\"> </span></span>78,532<span class=\"_ _64\"> </span>59,89<span class=\"_ _8\"></span>3Inves<span class=\"_ _0\"></span>tment in joint vent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s<span class=\"_ _298\"> </span><span class=\"ff2\">8<span class=\"_ _27e\"> </span></span>2<span class=\"_ _0\"></span>4,251<span class=\"_ _50\"> </span>24,251Other non-curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _2a9\"> </span>2,665<span class=\"_ _109\"> </span><span class=\"ls1 ws1\">69<span class=\"_ _a\"></span>9</span>T<span class=\"_ _1\"></span>otal financial fix<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets<span class=\"_ _fa\"> </span>414,67<span class=\"_ _1\"></span>4<span class=\"_ _c8\"> </span>299,414T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _111\"> </span>472,622<span class=\"_ _60\"> </span>360,256Curren<span class=\"_ _0\"></span>t assetsInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _1ab\"> </span><span class=\"ff2\">13<span class=\"_ _b1\"> </span></span>90,777<span class=\"_ _ca\"> </span>75,502T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _100\"> </span><span class=\"ff2\">12<span class=\"_ _b1\"> </span></span>14,430<span class=\"_ _14f\"> </span>14,240Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _2eb\"> </span><span class=\"ff2\">12<span class=\"_ _d2\"> </span></span>101,847<span class=\"_ _50\"> </span>89,971T<span class=\"_ _1\"></span>otal receiv<span class=\"_ _0\"></span>ables<span class=\"_ _14c\"> </span>116,2<span class=\"_ _0\"></span>78<span class=\"_ _c4\"> </span>104,211Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _ec\"> </span>14,981<span class=\"_ _c4\"> </span>18,000T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _101\"> </span>222,036<span class=\"_ _84\"> </span>197,713T<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>T<span class=\"_ _8\"></span>AL ASSETS<span class=\"_ _14c\"> </span>6<span class=\"_ _8\"></span>9<span class=\"_ _0\"></span>4,658 <span class=\"_ _153\"> </span>557,9<span class=\"_ _0\"></span>69185S<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TE<span class=\"_ _0\"></span>MENT OF FINANCIAL P<span class=\"_ _0\"></span>OSI<span class=\"_ _0\"></span>TION AS OF 3<span class=\"_ _8\"></span>1 DECEMBERE<span class=\"_ _0\"></span>quity and liabilities(EUR 1,000)<span class=\"_ _61\"> </span><span class=\"ff2 lsd ws1a\">N<span class=\"_ _a\"></span>ote<span class=\"_ _bc\"> </span></span>2022<span class=\"_ _53\"> </span>2021E<span class=\"_ _0\"></span>quityShar<span class=\"_ _0\"></span>e capital (26<span class=\"_ _8\"></span>9,219,014 share<span class=\"_ _0\"></span>s at NOK 1,40)<span class=\"_ _2ec\"> </span><span class=\"ff2\">14, 11<span class=\"_ _2bf\"> </span></span>50,155<span class=\"_ _155\"> </span>50,156Other paid-in capit<span class=\"_ _0\"></span>al<span class=\"_ _51\"> </span><span class=\"ff2\">11<span class=\"_ _ac\"> </span></span>69,952<span class=\"_ _14f\"> </span>70,105T<span class=\"_ _1\"></span>otal paid-in equity<span class=\"_ _2ed\"> </span>120,106<span class=\"_ _1c8\"> </span>120,26<span class=\"_ _0\"></span>1Ret<span class=\"_ _0\"></span>ained earnings<span class=\"_ _7e\"> </span><span class=\"ff2\">11<span class=\"_ _a4\"> </span></span>43,7<span class=\"_ _8\"></span>04<span class=\"_ _155\"> </span>48,651T<span class=\"_ _1\"></span>otal equity<span class=\"_ _85\"> </span>163,811<span class=\"_ _10b\"> </span>168,912LIABILIT<span class=\"_ _0\"></span>IESNon-curr<span class=\"_ _0\"></span>ent liabilitiesP<span class=\"_ _0\"></span>ension liabilities<span class=\"_ _220\"> </span><span class=\"ff2\">4<span class=\"_ _12d\"> </span></span>2,206<span class=\"_ _69\"> </span>2,320T<span class=\"_ _1\"></span>otal provi<span class=\"_ _0\"></span>sions<span class=\"_ _2ee\"> </span>2,206<span class=\"_ _19a\"> </span>2,320Liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _171\"> </span><span class=\"ff2\">15<span class=\"_ _18b\"> </span></span>304,033<span class=\"_ _1c8\"> </span>169,433Liabilities t<span class=\"_ _0\"></span>o group c<span class=\"_ _0\"></span>ompanies<span class=\"_ _212\"> </span><span class=\"ff2\">15<span class=\"_ _2ef\"> </span></span>-<span class=\"_ _ca\"> </span>10,087Other non-curr<span class=\"_ _8\"></span>ent liabilities<span class=\"_ _2f0\"> </span>330<span class=\"_ _27b\"> </span>1,9<span class=\"_ _8\"></span>48T<span class=\"_ _1\"></span>otal other non-curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _2f1\"> </span>304,363<span class=\"_ _10b\"> </span>181,46<span class=\"_ _0\"></span>9T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities<span class=\"_ _6a\"> </span>306,56<span class=\"_ _0\"></span>9<span class=\"_ _47\"> </span>183,789Curren<span class=\"_ _0\"></span>t liabilitiesLiabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _2f2\"> </span>19,977<span class=\"_ _50\"> </span>13,67<span class=\"_ _8\"></span>6T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade payable<span class=\"_ _0\"></span>s<span class=\"_ _2f3\"> </span><span class=\"ff2\">12<span class=\"_ _12d\"> </span></span>81,157<span class=\"_ _7b\"> </span>83,680Public duties pa<span class=\"_ _0\"></span>yable<span class=\"_ _26b\"> </span>13,6<span class=\"_ _8\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _108\"> </span>12,759T<span class=\"_ _8\"></span>ax<span class=\"_ _0\"></span>es pay<span class=\"_ _0\"></span>able<span class=\"_ _2a6\"> </span><span class=\"ff2\">10<span class=\"_ _28e\"> </span></span>-<span class=\"_ _2bf\"> </span>-Pr<span class=\"_ _0\"></span>ovision dividend<span class=\"_ _1f3\"> </span><span class=\"ff2\">11<span class=\"_ _a2\"> </span></span>22,021<span class=\"_ _155\"> </span>20,214Other curr<span class=\"_ _8\"></span>ent liabilities<span class=\"_ _1f4\"> </span><span class=\"ff2\">12<span class=\"_ _b1\"> </span></span>87,429<span class=\"_ _ca\"> </span>7<span class=\"_ _1\"></span>4,9<span class=\"_ _0\"></span>40T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities<span class=\"_ _e0\"> </span>22<span class=\"_ _0\"></span>4,278<span class=\"_ _48\"> </span>205,26<span class=\"_ _8\"></span>9T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _67\"> </span>530,847<span class=\"_ _4c\"> </span>389,057T<span class=\"_ _1\"></span>otal equity and liabilities<span class=\"_ _fa\"> </span>69<span class=\"_ _8\"></span>4,658<span class=\"_ _c8\"> </span>557,96<span class=\"_ _0\"></span>9186ElopakSk\u00f8<span class=\"_ _0\"></span>yen, 30 Mar<span class=\"_ _0\"></span>ch 2023Boar<span class=\"_ _0\"></span>d of Direct<span class=\"_ _0\"></span>ors in Elopak ASAJo Ola<span class=\"_ _0\"></span>v LunderT<span class=\"_ _f\"></span>rond Solber<span class=\"_ _0\"></span>gAnna Belf<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ageChairm<span class=\"_ _0\"></span>an of the Boar<span class=\"_ _0\"></span>dBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d MemberSid Joha<span class=\"_ _0\"></span>riSann<span class=\"_ _0\"></span>a Suv<span class=\"_ _0\"></span>ant<span class=\"_ _8\"></span>o-Hars<span class=\"_ _0\"></span>aae Erlend S<span class=\"_ _0\"></span>vev<span class=\"_ _0\"></span>aBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d MemberBoar<span class=\"_ _0\"></span>d Member(employee r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entative)Anett<span class=\"_ _0\"></span>e Bauer Ellings<span class=\"_ _0\"></span>enThoma<span class=\"_ _0\"></span>s K<span class=\"_ _8\"></span>\u00f6rmendiBoar<span class=\"_ _0\"></span>d Member<span class=\"ls0\"> </span>CEO(employee r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entative)187S<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TE<span class=\"_ _0\"></span>MENT OF C<span class=\"_ _0\"></span>ASH FL<span class=\"_ _8\"></span>OWS (EUR 1,000)<span class=\"_ _61\"> </span><span class=\"ff2 lsd ws1a\">N<span class=\"_ _a\"></span>ote<span class=\"_ _bc\"> </span></span>2022<span class=\"_ _53\"> </span>2021Pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _8\"></span>e taxes<span class=\"_ _2e8\"> </span>2<span class=\"_ _0\"></span>4,335<span class=\"_ _6b\"> </span>1,448Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tization and impairmen<span class=\"_ _0\"></span>t fixed as<span class=\"_ _0\"></span>sets<span class=\"_ _2c5\"> </span><span class=\"ff2\">5, 6<span class=\"_ _a7\"> </span></span>11,206<span class=\"_ _7a\"> </span>11,120Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tization and impairmen<span class=\"_ _0\"></span>t financial ass<span class=\"_ _0\"></span>ets7<span class=\"_ _a7\"> </span>13,017<span class=\"_ _a2\"> </span>-Net unre<span class=\"_ _0\"></span>alized curr<span class=\"_ _0\"></span>ency gain / loss t<span class=\"_ _0\"></span>o equity<span class=\"_ _2f4\"> </span>-6,967<span class=\"_ _19a\"> </span>4,37<span class=\"_ _0\"></span>0Dividend rec<span class=\"_ _0\"></span>eived<span class=\"_ _9d\"> </span><span class=\"ff2\">7<span class=\"_ _1fc\"> </span></span>-40,728<span class=\"_ _12a\"> </span>-17,357Cash flow f<span class=\"_ _0\"></span>rom pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _0\"></span>e tax<span class=\"_ _2c4\"> </span><span class=\"ls5a wsaa\">862<span class=\"_ _6d\"> </span></span>-420T<span class=\"_ _8\"></span>ax<span class=\"_ _0\"></span>es paid<span class=\"_ _260\"> </span><span class=\"ff2\">14<span class=\"_ _e3\"> </span></span>-2,251<span class=\"_ _14f\"> </span>-4,575Chang<span class=\"_ _0\"></span>e in account rec<span class=\"_ _0\"></span>eivables<span class=\"_ _2f5\"> </span>-191<span class=\"_ _55\"> </span>-6,412Chang<span class=\"_ _0\"></span>e in other r<span class=\"_ _0\"></span>eceivables<span class=\"_ _2f6\"> </span>-11,87<span class=\"_ _8\"></span>6<span class=\"_ _10b\"> </span>-13,490Chang<span class=\"_ _0\"></span>e in invent<span class=\"_ _0\"></span>ories<span class=\"_ _2ed\"> </span>-15,275<span class=\"_ _12c\"> </span>-10,056Chang<span class=\"_ _0\"></span>e in account pay<span class=\"_ _0\"></span>ables<span class=\"_ _f3\"> </span>-2,522<span class=\"_ _118\"> </span>-3,320Chang<span class=\"_ _0\"></span>e in other liabilities<span class=\"_ _236\"> </span>13,536<span class=\"_ _142\"> </span>-17,9<span class=\"_ _8\"></span>48Chang<span class=\"_ _0\"></span>e in net pension liabilities<span class=\"_ _1ab\"> </span>-182<span class=\"_ _109\"> </span>-46Net cash flow f<span class=\"_ _8\"></span>rom operation<span class=\"_ _0\"></span>s<span class=\"_ _23e\"> </span>-17,900<span class=\"_ _48\"> </span>-56,266Pur<span class=\"_ _0\"></span>chase and di<span class=\"_ _0\"></span>sposal of non-c<span class=\"_ _0\"></span>urrent a<span class=\"_ _0\"></span>ssets<span class=\"_ _129\"> </span><span class=\"ff2\">5, 6<span class=\"_ _217\"> </span></span>-6,199<span class=\"_ _64\"> </span>-6,482Dividend rec<span class=\"_ _0\"></span>eived<span class=\"_ _9d\"> </span><span class=\"ff2\">7<span class=\"_ _a4\"> </span></span>40,728<span class=\"_ _108\"> </span>17,357Capital chan<span class=\"_ _0\"></span>ges subsidi<span class=\"_ _0\"></span>aries<span class=\"_ _167\"> </span><span class=\"ff2\">7<span class=\"_ _c6\"> </span></span>-95,608<span class=\"_ _2bf\"> </span>-Chang<span class=\"_ _0\"></span>e in other non-curr<span class=\"_ _0\"></span>ent inves<span class=\"_ _0\"></span>tments<span class=\"_ _b4\"> </span>-1,967<span class=\"_ _75\"> </span>-6<span class=\"_ _0\"></span>17Net cash flow f<span class=\"_ _8\"></span>rom inves<span class=\"_ _0\"></span>ting activities<span class=\"_ _2f7\"> </span>-63,045<span class=\"_ _c4\"> </span>10,258Capital deposits<span class=\"_ _294\"> </span><span class=\"ff2\">10<span class=\"_ _28e\"> </span></span>-<span class=\"_ _c4\"> </span>49,888Dividend paid<span class=\"_ _2a6\"> </span><span class=\"ff2\">10<span class=\"_ _b5\"> </span></span>-19,623<span class=\"_ _155\"> </span>-9,919Chang<span class=\"_ _0\"></span>e in curren<span class=\"_ _0\"></span>t liabilities t<span class=\"_ _0\"></span>o credit instit<span class=\"_ _0\"></span>utions<span class=\"_ _2f8\"> </span>6,301<span class=\"_ _108\"> </span>-1,875Chang<span class=\"_ _0\"></span>e in long-term lo<span class=\"_ _0\"></span>ans and liabilities <span class=\"_ _297\"> </span>91,239<span class=\"_ _ca\"> </span>2<span class=\"_ _8\"></span>4,799Net cash flow f<span class=\"_ _8\"></span>rom financin<span class=\"_ _0\"></span>g activities<span class=\"_ _244\"> </span>77,917<span class=\"_ _12a\"> </span>62,89<span class=\"_ _8\"></span>3Net cash flow<span class=\"_ _5b\"> </span>-3,028<span class=\"_ _c4\"> </span>16,884Liquidity pr 1.1<span class=\"_ _1d4\"> </span>18,000<span class=\"_ _66\"> </span>1,115Liquidity pr 31.12<span class=\"_ _1d0\"> </span>14,981<span class=\"_ _c4\"> </span>18,000188ElopakNot<span class=\"_ _0\"></span>e 1 \u2013 Signific<span class=\"_ _0\"></span>ant accountin<span class=\"_ _0\"></span>g policiesGener<span class=\"_ _0\"></span>al inf<span class=\"_ _0\"></span>ormationThe financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement ha<span class=\"_ _0\"></span>s been pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h the Nor<span class=\"_ _a\"></span>wegi<span class=\"_ _0\"></span>an Accountin<span class=\"_ _0\"></span>g Act, in accor<span class=\"_ _8\"></span>dance with Norwegian accoun<span class=\"_ _0\"></span>ting st<span class=\"_ _0\"></span>andar<span class=\"_ _0\"></span>ds and gener<span class=\"_ _8\"></span>ally accept<span class=\"_ _0\"></span>ed accountin<span class=\"_ _0\"></span>g principles in Norway<span class=\"_ _8\"></span>. All numbers ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ented in EUR 1.000 unle<span class=\"_ _0\"></span>ss ot<span class=\"_ _0\"></span>her<span class=\"_ _a\"></span>wis<span class=\"_ _0\"></span>e stat<span class=\"_ _8\"></span>ed.Elopak ASA, includin<span class=\"_ _0\"></span>g subsid<span class=\"_ _0\"></span>aries and shar<span class=\"_ _8\"></span>es in joint v<span class=\"_ _0\"></span>entur<span class=\"_ _8\"></span>es as li<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed in note 8, ar<span class=\"_ _8\"></span>e  <span class=\"_ _18\"></span>consoliat<span class=\"_ _8\"></span>ed<span class=\"_ _a\"></span> in the Gr<span class=\"_ _8\"></span>oup financial stat<span class=\"_ _8\"></span>ement f<span class=\"_ _0\"></span>or Elopak ASA.The accountin<span class=\"_ _0\"></span>g and pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>tation curr<span class=\"_ _8\"></span>ency is EUR, as the m<span class=\"_ _0\"></span>ajority of underlying tr<span class=\"_ _8\"></span>ansactions ar<span class=\"_ _0\"></span>e in Eur<span class=\"_ _8\"></span>o.Signific<span class=\"_ _0\"></span>ant accounti<span class=\"_ _0\"></span>ng policiesV<span class=\"_ _8\"></span>aluation and cla<span class=\"_ _0\"></span>ssification of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilitiesAss<span class=\"_ _0\"></span>ets int<span class=\"_ _0\"></span>ended f<span class=\"_ _0\"></span>or permanen<span class=\"_ _0\"></span>t owners<span class=\"_ _0\"></span>hip or use in t<span class=\"_ _0\"></span>he busines<span class=\"_ _0\"></span>s are cl<span class=\"_ _0\"></span>assified a<span class=\"_ _0\"></span>s non-curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets. Other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are cl<span class=\"_ _0\"></span>assified a<span class=\"_ _0\"></span>s curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets.R<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s due within one year ar<span class=\"_ _8\"></span>e clas<span class=\"_ _0\"></span>sified as curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets. The cla<span class=\"_ _0\"></span>ssification of c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent and non-curr<span class=\"_ _8\"></span>ent liabilities i<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>ed on the same crit<span class=\"_ _0\"></span>eria. Curr<span class=\"_ _0\"></span>ent as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e valued at the low<span class=\"_ _0\"></span>er of hist<span class=\"_ _8\"></span>orical cost and f<span class=\"_ _8\"></span>air value. Fix<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e carried at hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical cos<span class=\"_ _0\"></span>t, but ar<span class=\"_ _0\"></span>e written do<span class=\"_ _0\"></span>wn to t<span class=\"_ _0\"></span>heir rec<span class=\"_ _0\"></span>over<span class=\"_ _8\"></span>able amount if thi<span class=\"_ _0\"></span>s is lower t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t and the decline is e<span class=\"_ _8\"></span>xpected t<span class=\"_ _0\"></span>o be permanen<span class=\"_ _0\"></span>t. Fix<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets with a limit<span class=\"_ _8\"></span>ed economic life ar<span class=\"_ _8\"></span>e depreci<span class=\"_ _0\"></span>ated on a s<span class=\"_ _0\"></span>yst<span class=\"_ _0\"></span>ematic b<span class=\"_ _0\"></span>asis in accor<span class=\"_ _8\"></span>dance with a r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>onable depr<span class=\"_ _0\"></span>eciation schedule.Other non-c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent liabilities, a<span class=\"_ _0\"></span>s well as cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t liabilities, ar<span class=\"_ _8\"></span>e valued at nominal v<span class=\"_ _0\"></span>alue.F<span class=\"_ _0\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _0\"></span>encyAll monetar<span class=\"_ _a\"></span>y balanc<span class=\"_ _0\"></span>e sheet item<span class=\"_ _0\"></span>s denominat<span class=\"_ _0\"></span>ed in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign curr<span class=\"_ _8\"></span>encies ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ated in<span class=\"_ _0\"></span>to EUR at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate pr<span class=\"_ _8\"></span>evailin<span class=\"_ _0\"></span>g at the balanc<span class=\"_ _0\"></span>e sheet dat<span class=\"_ _0\"></span>e.189Not<span class=\"_ _0\"></span>e 1 \u2013 Signific<span class=\"_ _0\"></span>ant accountin<span class=\"_ _0\"></span>g policies <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>Curr<span class=\"_ _0\"></span>ency derivativ<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e valued in t<span class=\"_ _0\"></span>he balance sheet at f<span class=\"_ _8\"></span>air value on the b<span class=\"_ _0\"></span>alance sheet dat<span class=\"_ _8\"></span>e.R<span class=\"_ _0\"></span>evenueSale of goods:R<span class=\"_ _0\"></span>evenue i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed when it is earned, i.e. when bot<span class=\"_ _0\"></span>h the ri<span class=\"_ _0\"></span>sk and contr<span class=\"_ _8\"></span>ol hav<span class=\"_ _0\"></span>e been mainly tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>err<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>. Thi<span class=\"_ _0\"></span>s will normally be the c<span class=\"_ _0\"></span>ase when t<span class=\"_ _0\"></span>he goods ar<span class=\"_ _8\"></span>e deliver<span class=\"_ _0\"></span>ed to the c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. The r<span class=\"_ _0\"></span>evenue is r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed with the v<span class=\"_ _0\"></span>alue of the r<span class=\"_ _0\"></span>emuner<span class=\"_ _0\"></span>ation at the time of tr<span class=\"_ _0\"></span>ansaction.Sale of services:R<span class=\"_ _0\"></span>evenue i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed when it is earned, i.e. when t<span class=\"_ _0\"></span>he claim t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emuneration ari<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. This occur<span class=\"_ _0\"></span>s when the s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice is perf<span class=\"_ _0\"></span>ormed, as the w<span class=\"_ _0\"></span>ork is bein<span class=\"_ _0\"></span>g done. The re<span class=\"_ _0\"></span>venue is r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed with t<span class=\"_ _0\"></span>he value of the r<span class=\"_ _8\"></span>emuneration at t<span class=\"_ _0\"></span>he time of tr<span class=\"_ _0\"></span>ansaction.Cost of s<span class=\"_ _0\"></span>ales and ot<span class=\"_ _0\"></span>her expens<span class=\"_ _0\"></span>esIn principle, cos<span class=\"_ _0\"></span>t of sales and ot<span class=\"_ _0\"></span>her expen<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnized in t<span class=\"_ _0\"></span>he same period as t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>evenue t<span class=\"_ _8\"></span>o which they r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e. In inst<span class=\"_ _0\"></span>ances wher<span class=\"_ _0\"></span>e ther<span class=\"_ _8\"></span>e is no clear connection between t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>xpense and r<span class=\"_ _8\"></span>evenue, the apportionment is es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ed. Other e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceptions t<span class=\"_ _0\"></span>o the m<span class=\"_ _0\"></span>atchin<span class=\"_ _0\"></span>g crit<span class=\"_ _0\"></span>eria ar<span class=\"_ _0\"></span>e disclo<span class=\"_ _0\"></span>sed wher<span class=\"_ _8\"></span>e appropriat<span class=\"_ _8\"></span>e.Inven<span class=\"_ _0\"></span>torie<span class=\"_ _0\"></span>sInvent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y is stat<span class=\"_ _0\"></span>ed at the low<span class=\"_ _0\"></span>er of cost and net r<span class=\"_ _8\"></span>ealizable value. Co<span class=\"_ _0\"></span>st compri<span class=\"_ _0\"></span>ses dir<span class=\"_ _8\"></span>ect mat<span class=\"_ _8\"></span>erials and, wher<span class=\"_ _0\"></span>e applicable, dir<span class=\"_ _0\"></span>ect labour co<span class=\"_ _0\"></span>sts. Fini<span class=\"_ _0\"></span>shed goods and w<span class=\"_ _0\"></span>ork in pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s als<span class=\"_ _0\"></span>o include a proportion of manuf<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>uring ov<span class=\"_ _0\"></span>erheads ba<span class=\"_ _0\"></span>sed on norm<span class=\"_ _0\"></span>al operatin<span class=\"_ _0\"></span>g capacity th<span class=\"_ _0\"></span>at hav<span class=\"_ _0\"></span>e been incurr<span class=\"_ _8\"></span>ed in bringing t<span class=\"_ _0\"></span>he invent<span class=\"_ _8\"></span>or<span class=\"_ _16\"></span>y t<span class=\"_ _0\"></span>o its pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t location and condition. Cos<span class=\"_ _0\"></span>t is c<span class=\"_ _0\"></span>alculat<span class=\"_ _8\"></span>ed using the FIF<span class=\"_ _0\"></span>O cos<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ormula f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>ton<span class=\"_ _0\"></span>s, filling machine<span class=\"_ _0\"></span>s and spar<span class=\"_ _8\"></span>e par<span class=\"_ _a\"></span>ts. Net r<span class=\"_ _0\"></span>ealizable v<span class=\"_ _0\"></span>alue r<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ed sellin<span class=\"_ _0\"></span>g price les<span class=\"_ _0\"></span>s all estim<span class=\"_ _0\"></span>ated c<span class=\"_ _0\"></span>osts of completion and cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o be incurr<span class=\"_ _0\"></span>ed in mar<span class=\"_ _0\"></span>ketin<span class=\"_ _0\"></span>g, sellin<span class=\"_ _0\"></span>g and dist<span class=\"_ _0\"></span>ribution.190<span class=\"_ _3f\"> </span><span class=\"ff8\">Elopak</span>Not<span class=\"_ _0\"></span>e 1 \u2013 Signific<span class=\"_ _0\"></span>ant accountin<span class=\"_ _0\"></span>g policies <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _0\"></span>ables and ot<span class=\"_ _0\"></span>her rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnized at nomin<span class=\"_ _0\"></span>al value, le<span class=\"_ _0\"></span>ss the accr<span class=\"_ _0\"></span>ual f<span class=\"_ _0\"></span>or e<span class=\"_ _0\"></span>xpected lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s of r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s. The accrual f<span class=\"_ _0\"></span>or loss<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>s based on an individual a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of each r<span class=\"_ _0\"></span>eceivable.Int<span class=\"_ _0\"></span>angible fix<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>etsExpense<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>elating t<span class=\"_ _8\"></span>o the developmen<span class=\"_ _0\"></span>t of intangible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s, including r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ch and develop<span class=\"ws0\">-</span>ment e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s, ar<span class=\"_ _0\"></span>e capitaliz<span class=\"_ _0\"></span>ed when it becomes pr<span class=\"_ _8\"></span>obable th<span class=\"_ _0\"></span>at the f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e economic benefits arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the ass<span class=\"_ _0\"></span>ets will accrue t<span class=\"_ _8\"></span>o the Compan<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>, and the co<span class=\"_ _0\"></span>st of the a<span class=\"_ _0\"></span>ssets c<span class=\"_ _0\"></span>an be r<span class=\"_ _0\"></span>eliably meas<span class=\"_ _0\"></span>ured.Intan<span class=\"_ _0\"></span>gible ass<span class=\"_ _0\"></span>ets with a limit<span class=\"_ _8\"></span>ed economic life ar<span class=\"_ _8\"></span>e amor<span class=\"_ _a\"></span>tised on a s<span class=\"_ _0\"></span>yst<span class=\"_ _0\"></span>ematic b<span class=\"_ _0\"></span>asis. In<span class=\"_ _0\"></span>tangible ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _8\"></span>e written down t<span class=\"_ _0\"></span>o the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount if the e<span class=\"_ _0\"></span>xpected economic benefit<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e written down t<span class=\"_ _8\"></span>o the r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount if the e<span class=\"_ _0\"></span>xpected ec<span class=\"_ _0\"></span>onomic benefits ar<span class=\"_ _0\"></span>e not cov<span class=\"_ _0\"></span>ering the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount and an<span class=\"_ _8\"></span>y rem<span class=\"_ _0\"></span>aining dev<span class=\"_ _0\"></span>elopment cos<span class=\"_ _0\"></span>ts.Shar<span class=\"_ _8\"></span>es in sub<span class=\"_ _0\"></span>sidiaries and joi<span class=\"_ _0\"></span>nt vent<span class=\"_ _8\"></span>uresSubsidi<span class=\"_ _0\"></span>aries and joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e carried at co<span class=\"_ _0\"></span>st. A writ<span class=\"_ _0\"></span>e-down t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>air value will be per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormed if the impair<span class=\"_ _0\"></span>ment is not con<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>ed to be t<span class=\"_ _8\"></span>emporar<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, and an impairment ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e is deemed neces<span class=\"_ _0\"></span>sar<span class=\"_ _a\"></span>y accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o generally acc<span class=\"_ _0\"></span>epted acc<span class=\"_ _0\"></span>ounting principle<span class=\"_ _0\"></span>s. R<span class=\"_ _0\"></span>eceived dividends ar<span class=\"_ _8\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as fin<span class=\"_ _0\"></span>ancial income.P<span class=\"_ _0\"></span>ensionsP<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to defined con<span class=\"_ _0\"></span>tribution r<span class=\"_ _0\"></span>etir<span class=\"_ _0\"></span>ement benefit plan<span class=\"_ _0\"></span>s are ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ged as an e<span class=\"_ _0\"></span>xpense when employee<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve r<span class=\"_ _8\"></span>endered service entit<span class=\"_ _0\"></span>ling them t<span class=\"_ _8\"></span>o the contribution<span class=\"_ _0\"></span>s.P<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s made t<span class=\"_ _0\"></span>o public r<span class=\"_ _0\"></span>etir<span class=\"_ _0\"></span>ement benefit scheme<span class=\"_ _0\"></span>s are ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or as pay<span class=\"_ _0\"></span>ments t<span class=\"_ _0\"></span>o defined contribution pl<span class=\"_ _0\"></span>ans wher<span class=\"_ _0\"></span>e the Gr<span class=\"_ _8\"></span>oup's obligations under the plan<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e equivalent t<span class=\"_ _0\"></span>o tho<span class=\"_ _0\"></span>se arisin<span class=\"_ _0\"></span>g in a defined contribution r<span class=\"_ _8\"></span>etiremen<span class=\"_ _0\"></span>t benefit plan.191Not<span class=\"_ _0\"></span>e 1 \u2013 Signific<span class=\"_ _0\"></span>ant accountin<span class=\"_ _0\"></span>g policies <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>F<span class=\"_ _0\"></span>or defined benefit plans, t<span class=\"_ _0\"></span>he cost of pr<span class=\"_ _8\"></span>oviding benefit<span class=\"_ _0\"></span>s is det<span class=\"_ _0\"></span>ermined usin<span class=\"_ _0\"></span>g actuarial v<span class=\"_ _0\"></span>alua<span class=\"ws0\">-</span>tions at each r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting dat<span class=\"_ _0\"></span>e. Act<span class=\"_ _0\"></span>uarial gains and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in full in t<span class=\"_ _0\"></span>he period in which the<span class=\"_ _0\"></span>y occur in other compr<span class=\"_ _8\"></span>ehensive income. P<span class=\"_ _8\"></span>ast service cos<span class=\"_ _0\"></span>t is r<span class=\"_ _8\"></span>ecognized immediat<span class=\"_ _8\"></span>ely t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xten<span class=\"_ _0\"></span>t that t<span class=\"_ _0\"></span>he benefits ar<span class=\"_ _8\"></span>e already v<span class=\"_ _0\"></span>est<span class=\"_ _8\"></span>ed and other<span class=\"_ _a\"></span>wis<span class=\"_ _0\"></span>e is amortized on a str<span class=\"_ _8\"></span>aight-line basi<span class=\"_ _0\"></span>s over t<span class=\"_ _0\"></span>he av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e period until the benefit<span class=\"_ _0\"></span>s become ves<span class=\"_ _0\"></span>ted.The plan a<span class=\"_ _0\"></span>sset or pension li<span class=\"_ _0\"></span>ability recog<span class=\"_ _0\"></span>nized in the s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement of financi<span class=\"_ _0\"></span>al position consi<span class=\"_ _0\"></span>st of the net pr<span class=\"_ _8\"></span>esent v<span class=\"_ _0\"></span>alue of the defined benefit obligation, unr<span class=\"_ _8\"></span>ecognized p<span class=\"_ _0\"></span>ast service cos<span class=\"_ _0\"></span>t, and f<span class=\"_ _0\"></span>air value of pl<span class=\"_ _0\"></span>an ass<span class=\"_ _0\"></span>ets.Income tax<span class=\"_ _8\"></span>esT<span class=\"_ _1\"></span>ax e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>ched with oper<span class=\"_ _8\"></span>ating income bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e tax. T<span class=\"_ _1\"></span>ax r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o equity tran<span class=\"_ _0\"></span>sac<span class=\"ws0\">-</span>tions, e.g. gr<span class=\"_ _8\"></span>oup contribution, i<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnized dir<span class=\"_ _8\"></span>ectly in equity<span class=\"_ _0\"></span>.T<span class=\"_ _1\"></span>ax e<span class=\"_ _0\"></span>xpense con<span class=\"_ _0\"></span>sist<span class=\"_ _0\"></span>s of curr<span class=\"_ _0\"></span>ent income tax e<span class=\"_ _8\"></span>xpense and ch<span class=\"_ _0\"></span>ange in net def<span class=\"_ _8\"></span>erred t<span class=\"_ _0\"></span>ax. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax liabilitie<span class=\"_ _0\"></span>s and def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted net in t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet.Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alentsCash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alents include c<span class=\"_ _0\"></span>ash, bank depo<span class=\"_ _0\"></span>sits and ot<span class=\"_ _0\"></span>her monetar<span class=\"_ _a\"></span>y instr<span class=\"_ _0\"></span>uments wit<span class=\"_ _0\"></span>h a mat<span class=\"_ _0\"></span>urity of less t<span class=\"_ _0\"></span>han thr<span class=\"_ _8\"></span>ee months at t<span class=\"_ _0\"></span>he dat<span class=\"_ _0\"></span>e of pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se.The stat<span class=\"_ _8\"></span>ement of cash flowThe stat<span class=\"_ _8\"></span>ement of cash flo<span class=\"_ _0\"></span>w has been pr<span class=\"_ _8\"></span>epar<span class=\"_ _0\"></span>ed accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o the indir<span class=\"_ _8\"></span>ect method. Cash and cas<span class=\"_ _0\"></span>h equivalents include c<span class=\"_ _0\"></span>ash, bank depo<span class=\"_ _0\"></span>sits and other s<span class=\"_ _0\"></span>hor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm,192<span class=\"_ _ed\"> </span><span class=\"ff8\">Elopak</span>Not<span class=\"_ _0\"></span>e 2 \u2013 Oper<span class=\"_ _0\"></span>ating r<span class=\"_ _8\"></span>evenues2022<span class=\"_ _7b\"> </span>2021Sales r<span class=\"_ _0\"></span>evenue<span class=\"_ _2f9\"> </span>556,571<span class=\"_ _46\"> </span>515,295Manag<span class=\"_ _0\"></span>ement and gr<span class=\"_ _0\"></span>oup services<span class=\"_ _260\"> </span>18,009<span class=\"_ _4c\"> </span>17,032To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2fa\"> </span>57<span class=\"_ _1\"></span>4,580<span class=\"_ _40\"> </span>532,327In, 2022, intr<span class=\"_ _8\"></span>a-group sale<span class=\"_ _0\"></span>s trans<span class=\"_ _0\"></span>actions amounts t<span class=\"_ _0\"></span>o EUR,538 million.Geogr<span class=\"_ _8\"></span>aphical dist<span class=\"_ _0\"></span>ribution of operati<span class=\"_ _0\"></span>ng r<span class=\"_ _0\"></span>evenues i<span class=\"_ _0\"></span>s as f<span class=\"_ _0\"></span>ollows:2022<span class=\"_ _7b\"> </span>2021Eur<span class=\"_ _0\"></span>ope<span class=\"_ _14a\"> </span>512,558<span class=\"_ _103\"> </span>505,666Asia, Middle East<span class=\"_ _85\"> </span>6,722<span class=\"_ _73\"> </span><span class=\"lsb ws8c\">2<span class=\"_ _a\"></span>26</span>Afric<span class=\"_ _0\"></span>a<span class=\"_ _183\"> </span>34,077<span class=\"_ _48\"> </span>19,3<span class=\"_ _0\"></span>92America<span class=\"_ _149\"> </span>21,224<span class=\"_ _47\"> </span>7,043To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2fa\"> </span>57<span class=\"_ _8\"></span>4,580<span class=\"_ _40\"> </span>532,327Operatin<span class=\"_ _0\"></span>g rev<span class=\"_ _0\"></span>enues ar<span class=\"_ _0\"></span>e specified accor<span class=\"_ _0\"></span>ding to t<span class=\"_ _0\"></span>he cust<span class=\"_ _0\"></span>omer's location.Not<span class=\"_ _0\"></span>e 3 \u2013 P<span class=\"_ _0\"></span>ayr<span class=\"_ _8\"></span>oll expens<span class=\"_ _0\"></span>es, number of emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>s, r<span class=\"_ _0\"></span>emuneration, lo<span class=\"_ _0\"></span>ans t<span class=\"_ _0\"></span>o employ<span class=\"_ _8\"></span>ees etc.P<span class=\"_ _0\"></span>ayr<span class=\"_ _0\"></span>oll e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s, number of employee<span class=\"_ _0\"></span>s, remuner<span class=\"_ _8\"></span>ation, loans t<span class=\"_ _0\"></span>o employ<span class=\"_ _0\"></span>ees et<span class=\"_ _0\"></span>c.Pa<span class=\"_ _0\"></span>yroll e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s<span class=\"_ _2fb\"> </span>2022<span class=\"_ _7b\"> </span>2021Salary<span class=\"_ _2fc\"> </span>18,67<span class=\"_ _0\"></span>8<span class=\"_ _153\"> </span>18,603Social security cos<span class=\"_ _0\"></span>ts<span class=\"_ _14c\"> </span>2,822<span class=\"_ _12a\"> </span>3,175Hired per<span class=\"_ _0\"></span>sonnel f<span class=\"_ _0\"></span>rom gr<span class=\"_ _8\"></span>oup companies<span class=\"_ _9d\"> </span>14,839<span class=\"_ _60\"> </span>14,838P<span class=\"_ _0\"></span>ension cost (see not<span class=\"_ _0\"></span>e 4)<span class=\"_ _228\"> </span>1,495<span class=\"_ _7b\"> </span>1,259Other benefits<span class=\"_ _258\"> </span>355<span class=\"_ _108\"> </span>495To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _17e\"> </span>38,190<span class=\"_ _4b\"> </span>38,37<span class=\"_ _0\"></span>0Av<span class=\"_ _0\"></span>erage number of FT<span class=\"_ _0\"></span>E employees<span class=\"_ _1ab\"> </span>159<span class=\"_ _6d\"> </span><span class=\"lsb2 ws1d2\">167</span>1<span class=\"_ _a\"></span>93Not<span class=\"_ _0\"></span>e 3 \u2013 P<span class=\"_ _0\"></span>ayr<span class=\"_ _8\"></span>oll expen<span class=\"_ _0\"></span>ses, number of emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees, r<span class=\"_ _0\"></span>emuner<span class=\"_ _0\"></span>ation, loans t<span class=\"_ _8\"></span>o employee<span class=\"_ _0\"></span>s<span class=\"_ _a\"></span> et<span class=\"_ _0\"></span>c. <span class=\"_ _0\"></span><span class=\"fc3 ls0 ws0\">continued</span>Salaries a<span class=\"_ _0\"></span>nd remuner<span class=\"_ _0\"></span>ations to the Gr<span class=\"_ _8\"></span>oup management<span class=\"_ _2c1\"> </span><span class=\"ls7d ws110\">C<span class=\"_ _a\"></span>EO<span class=\"_ _64\"> </span></span>BoDSalary (incl bonus)<span class=\"_ _2a7\"> </span><span class=\"ls3 wsc8\">738<span class=\"_ _18b\"> </span></span>-Other benefits<span class=\"_ _25a\"> </span>49<span class=\"_ _73\"> </span><span class=\"ls5 wsd\">239</span>CEO i<span class=\"_ _0\"></span>s included in an annual bonus s<span class=\"_ _0\"></span>cheme. T<span class=\"_ _1\"></span>arget<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>viewed\ue61f<span class=\"_ _8\"></span>annually<span class=\"_ _0\"></span>. The per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance crit<span class=\"_ _0\"></span>eria ar<span class=\"_ _0\"></span>e divided int<span class=\"_ _0\"></span>o shar<span class=\"_ _8\"></span>ed and individual. Shar<span class=\"_ _0\"></span>ed tar<span class=\"_ _0\"></span>gets, accountin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>or 50%, r<span class=\"_ _0\"></span>eflects Elopak Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s str<span class=\"_ _8\"></span>ategic priorities, pr<span class=\"_ _8\"></span>ofitability<span class=\"_ _0\"></span>, cas<span class=\"_ _0\"></span>h flow, f<span class=\"_ _0\"></span>oundational a<span class=\"_ _0\"></span>s well as E<span class=\"_ _0\"></span>SG value driver<span class=\"_ _0\"></span>s. Individual tar<span class=\"_ _0\"></span>gets, accoun<span class=\"_ _0\"></span>ting f<span class=\"_ _0\"></span>or 50%, wer<span class=\"_ _8\"></span>e primarily bas<span class=\"_ _0\"></span>ed on financial, s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ategic and oper<span class=\"_ _0\"></span>ational v<span class=\"_ _0\"></span>alue drivers. In addition t<span class=\"_ _8\"></span>o the annual bonus scheme, CE<span class=\"_ _8\"></span>O is also included in a long-t<span class=\"_ _8\"></span>erm incentive scheme b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he value adjus<span class=\"_ _0\"></span>ted equity of Elopak Gr<span class=\"_ _8\"></span>oup.Guidelines f<span class=\"_ _8\"></span>or remuner<span class=\"_ _8\"></span>ation of Group L<span class=\"_ _0\"></span>eader<span class=\"_ _0\"></span>ship T<span class=\"_ _1\"></span>eam and Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d Members ar<span class=\"_ _8\"></span>e disclos<span class=\"_ _0\"></span>ed in the R<span class=\"_ _8\"></span>emuneration R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>t which is published on Elop<span class=\"_ _0\"></span>ak\u2019<span class=\"_ _1\"></span>s w<span class=\"_ _0\"></span>ebpage. F<span class=\"_ _0\"></span>ees t<span class=\"_ _0\"></span>o ext<span class=\"_ _8\"></span>ernal audit<span class=\"_ _0\"></span>ors2022<span class=\"_ _7b\"> </span>2021Audit f<span class=\"_ _8\"></span>ee<span class=\"_ _2a2\"> </span>449<span class=\"_ _19a\"> </span><span class=\"ls7d ws110\">377</span>Other ass<span class=\"_ _0\"></span>urance s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vices<span class=\"_ _65\"> </span>33<span class=\"_ _108\"> </span>386T<span class=\"_ _8\"></span>ax advisory services<span class=\"_ _85\"> </span>7<span class=\"_ _e7\"> </span>5Other non-audit services<span class=\"_ _4d\"> </span>23<span class=\"_ _163\"> </span>42To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _25e\"> </span>512<span class=\"_ _73\"> </span>8101<span class=\"_ _a\"></span>94<span class=\"_ _40\"> </span><span class=\"ff8 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 4 \u2013 P<span class=\"_ _0\"></span>ension co<span class=\"_ _0\"></span>sts, pension a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ets and pension li<span class=\"_ _0\"></span>abilitiesThe Compan<span class=\"_ _0\"></span>y is r<span class=\"_ _8\"></span>equir<span class=\"_ _0\"></span>ed to h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e an occupation<span class=\"_ _0\"></span>al pension pl<span class=\"_ _0\"></span>an in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h Norwegian legisl<span class=\"_ _0\"></span>ation on occupation<span class=\"_ _0\"></span>al pensions (\"lo<span class=\"_ _0\"></span>v om obligat<span class=\"_ _0\"></span>orisk tjenes<span class=\"_ _0\"></span>tepen<span class=\"_ _0\"></span>sjon<span class=\"_ _0\"></span>\"). The Compan<span class=\"_ _0\"></span>y's pension plan meet<span class=\"_ _0\"></span>s the r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements of t<span class=\"_ _0\"></span>his legi<span class=\"_ _0\"></span>slation.All employee<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e par<span class=\"_ _a\"></span>t of a defined cont<span class=\"_ _0\"></span>ribution plan. In addition, the Comp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as agr<span class=\"_ _8\"></span>eed on a defined benefit plan, individually<span class=\"_ _8\"></span>, with some f<span class=\"_ _8\"></span>ormer employee<span class=\"_ _0\"></span>s. The defined contribu-tion plan f<span class=\"_ _8\"></span>or 2022 includes 167 emplo<span class=\"_ _0\"></span>yees wit<span class=\"_ _0\"></span>h a cost of EUR 1,22<span class=\"_ _0\"></span>6 million compar<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o EUR 1,259 million in 2021.P<span class=\"_ _0\"></span>ension cos<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o the defined benefit pl<span class=\"_ _0\"></span>an includes chan<span class=\"_ _0\"></span>ge of the pr<span class=\"_ _8\"></span>esent v<span class=\"_ _0\"></span>alue of pension obligations and pen<span class=\"_ _0\"></span>sion asset<span class=\"_ _0\"></span>s. Net pension liabilities ar<span class=\"_ _8\"></span>e rec<span class=\"_ _0\"></span>orded a<span class=\"_ _0\"></span>s long-t<span class=\"_ _0\"></span>erm debt.P<span class=\"_ _0\"></span>ension cos<span class=\"_ _0\"></span>ts reco<span class=\"_ _0\"></span>gniz<span class=\"_ _0\"></span>ed in profit a<span class=\"_ _0\"></span>n loss2022<span class=\"_ _2fd\"> </span>2021Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t cost on pr<span class=\"_ _0\"></span>ojected benefit obligations<span class=\"_ _160\"> </span>32<span class=\"_ _2fe\"> </span><span class=\"ls5a wsaa\">20</span>Ret<span class=\"_ _0\"></span>urn on plan as<span class=\"_ _0\"></span>sets<span class=\"_ _2ab\"> </span>-<span class=\"_ _29d\"> </span>-Accrued s<span class=\"_ _0\"></span>ocial security tax<span class=\"_ _21a\"> </span>5<span class=\"_ _162\"> </span>3T<span class=\"_ _1\"></span>otal pension costs r<span class=\"_ _8\"></span>ecognized in pr<span class=\"_ _0\"></span>ofit an loss<span class=\"_ _20d\"> </span><span class=\"ls7d ws110\">37<span class=\"_ _2fe\"> </span></span>23Net pension obligation<span class=\"_ _0\"></span>s2022<span class=\"_ _2ff\"> </span>2021Funded andFunded andunfundedunfundedobligationsobligationsPr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue pension obligations (incl. pay<span class=\"_ _0\"></span>roll tax)<span class=\"_ _1b9\"> </span>-2,206<span class=\"_ _dc\"> </span>-2,337F<span class=\"_ _0\"></span>air value of plan a<span class=\"_ _0\"></span>ssets<span class=\"_ _234\"> </span>-<span class=\"_ _28c\"> </span>16Net pension obligations<span class=\"_ _22c\"> </span>-2,206<span class=\"_ _284\"> </span>-2,3202022<span class=\"_ _2ff\"> </span>2021Chang<span class=\"_ _0\"></span>es in estim<span class=\"_ _0\"></span>ates r<span class=\"_ _8\"></span>ecognized dir<span class=\"_ _0\"></span>ectly in equity<span class=\"_ _157\"> </span>-68<span class=\"_ _300\"> </span>-118195Not<span class=\"_ _0\"></span>e 4 \u2013 P<span class=\"_ _0\"></span>ension co<span class=\"_ _0\"></span>sts, pension a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ets and pension li<span class=\"_ _0\"></span>abilities <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Fina<span class=\"_ _0\"></span>ncial precondition<span class=\"_ _0\"></span>s:2022<span class=\"_ _2fd\"> </span>2021Discoun<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e<span class=\"_ _be\"> </span>2,40 %<span class=\"_ _284\"> </span>1,60 %Expected s<span class=\"_ _0\"></span>alar<span class=\"_ _a\"></span>y incr<span class=\"_ _0\"></span>ease<span class=\"_ _42\"> </span>3,50 %<span class=\"_ _115\"> </span>2,75 %Social security es<span class=\"_ _0\"></span>calation r<span class=\"_ _0\"></span>ate<span class=\"_ _ff\"> </span>3,25 %<span class=\"_ _bc\"> </span>2,50 %Expected pension incr<span class=\"_ _8\"></span>ease<span class=\"_ _302\"> </span>2,60 %<span class=\"_ _20c\"> </span>1,75 %Expected r<span class=\"_ _8\"></span>eturn on plan ass<span class=\"_ _0\"></span>ets<span class=\"_ _10a\"> </span>4,70 %<span class=\"_ _284\"> </span>3,10 %The actuari<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>umptions f<span class=\"_ _0\"></span>or demogr<span class=\"_ _8\"></span>aphic fact<span class=\"_ _8\"></span>ors and depar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e are b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he commonly us<span class=\"_ _0\"></span>ed assump<span class=\"_ _0\"></span>tions in insur<span class=\"_ _8\"></span>ance.Not<span class=\"_ _0\"></span>e 5 \u2013 Int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>sPat<span class=\"_ _0\"></span>ents and IT s<span class=\"_ _0\"></span>oftware<span class=\"_ _128\"> </span>T<span class=\"_ _1\"></span>otal Intangiblesales right<span class=\"_ _0\"></span>sassetsAcquisition c<span class=\"_ _0\"></span>ost 01.01.2022<span class=\"_ _16f\"> </span>20,687<span class=\"_ _1af\"> </span>67,531<span class=\"_ _1af\"> </span>88,217Additions<span class=\"_ _6a\"> </span>4,422<span class=\"_ _1cc\"> </span>2,047<span class=\"_ _d8\"> </span>6,46<span class=\"_ _0\"></span>9Disposals<span class=\"_ _ee\"> </span>-<span class=\"_ _d2\"> </span>362<span class=\"_ _1f9\"> </span>362Acquisition cos<span class=\"_ _0\"></span>t 31.12.2022<span class=\"_ _174\"> </span>25,108<span class=\"_ _53\"> </span>6<span class=\"_ _8\"></span>9,216<span class=\"_ _df\"> </span>9<span class=\"_ _8\"></span>4,325Accumul<span class=\"_ _0\"></span>ated amortization 31.12.2022<span class=\"_ _216\"> </span>10,47<span class=\"_ _8\"></span>8<span class=\"_ _66\"> </span>41,03<span class=\"_ _0\"></span>1<span class=\"_ _66\"> </span>51,510Accumul<span class=\"_ _0\"></span>ated impairment 3<span class=\"_ _0\"></span>1.12.2022<span class=\"_ _22d\"> </span>-<span class=\"_ _a4\"> </span>4<span class=\"_ _a\"></span>31<span class=\"_ _ac\"> </span>431Carrying amount 31.12.2022<span class=\"_ _20d\"> </span>14,630<span class=\"_ _df\"> </span>27,754<span class=\"_ _7a\"> </span>42,383Curr<span class=\"_ _0\"></span>ent year amortization charg<span class=\"_ _0\"></span>e<span class=\"_ _fc\"> </span>2,195<span class=\"_ _18b\"> </span>8,2<span class=\"_ _8\"></span>47<span class=\"_ _8e\"> </span>10,442Curren<span class=\"_ _0\"></span>t year depr<span class=\"_ _0\"></span>eciation/writ<span class=\"_ _0\"></span>e-down char<span class=\"_ _0\"></span>ge<span class=\"_ _281\"> </span>2,195<span class=\"_ _109\"> </span>8,2<span class=\"_ _8\"></span>47<span class=\"_ _df\"> </span>10,442E<span class=\"_ _0\"></span>conomic life<span class=\"_ _2e0\"> </span>3-10 year<span class=\"_ _0\"></span>s<span class=\"_ _1c8\"> </span>3-7 yearsAmortization %<span class=\"_ _301\"> </span>10-33%<span class=\"_ _73\"> </span>14-33%Amortization method<span class=\"_ _156\"> </span>Linear<span class=\"_ _163\"> </span>LinearThe additions under pat<span class=\"_ _8\"></span>ents r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o the developmen<span class=\"_ _0\"></span>t of a new filling m<span class=\"_ _0\"></span>achine platf<span class=\"_ _0\"></span>orm.IT s<span class=\"_ _0\"></span>oftware addition<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e mainly r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o an ongoing pr<span class=\"_ _8\"></span>oject for t<span class=\"_ _0\"></span>he implementation of an ER<span class=\"_ _0\"></span>P sys<span class=\"_ _0\"></span>tem.196ElopakNot<span class=\"_ _0\"></span>e 5 \u2013 Int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>Expect<span class=\"_ _0\"></span>ed profit f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om capitaliz<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>esear<span class=\"_ _8\"></span>ch and development co<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed book values.The Compan<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s also e<span class=\"_ _8\"></span>xpensed EUR 4 million as r<span class=\"_ _8\"></span>esear<span class=\"_ _8\"></span>ch and development co<span class=\"_ _0\"></span>sts in 2022. (2021: EUR 14 million)Not<span class=\"_ _0\"></span>e 6 \u2013 Fix<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>etsFurn<span class=\"_ _0\"></span>iture, t<span class=\"_ _0\"></span>ools,Land and Machineryoffice machi<span class=\"_ _0\"></span>nes T<span class=\"_ _1\"></span>otal fixedbuildingsand plantand the lik<span class=\"_ _0\"></span>eassetsAcquisition c<span class=\"_ _0\"></span>ost 1.1.2022<span class=\"_ _129\"> </span>5,231<span class=\"_ _da\"> </span>13,589<span class=\"_ _e8\"> </span>1,542<span class=\"_ _27b\"> </span>20,363Additions<span class=\"_ _243\"> </span>17<span class=\"_ _a4\"> </span><span class=\"ls7d ws110\">375<span class=\"_ _dc\"> </span></span>-<span class=\"_ _a0\"> </span><span class=\"ls5 wsd\">39<span class=\"_ _a\"></span>2</span>Disposals<span class=\"_ _303\"> </span>-<span class=\"_ _18b\"> </span>1,038<span class=\"_ _ac\"> </span>135<span class=\"_ _1cb\"> </span>1,173Acquisition cos<span class=\"_ _0\"></span>t 31.12.2022<span class=\"_ _215\"> </span>5,2<span class=\"_ _8\"></span>48<span class=\"_ _163\"> </span>12,926<span class=\"_ _d8\"> </span>1,407<span class=\"_ _53\"> </span>19,582Accumul<span class=\"_ _0\"></span>ated depr<span class=\"_ _0\"></span>eciation 31.12.2022<span class=\"_ _204\"> </span>4,7<span class=\"_ _8\"></span>62<span class=\"_ _8e\"> </span>10,365<span class=\"_ _6f\"> </span>1,356<span class=\"_ _da\"> </span>16,482Carrying amount 31.12.2022<span class=\"_ _1a1\"> </span>485<span class=\"_ _104\"> </span>2,561<span class=\"_ _e3\"> </span>50<span class=\"_ _d4\"> </span>3,09<span class=\"_ _0\"></span>7Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _126\"> </span>114<span class=\"_ _d2\"> </span>645<span class=\"_ _199\"> </span>4<span class=\"_ _a4\"> </span><span class=\"ls2 ws14\">76<span class=\"_ _16\"></span>4</span>Curren<span class=\"_ _0\"></span>t year depr<span class=\"_ _0\"></span>eciation/writ<span class=\"_ _0\"></span>e-down char<span class=\"_ _0\"></span>ge<span class=\"_ _dc\"> </span>114<span class=\"_ _c3\"> </span>645<span class=\"_ _115\"> </span>4<span class=\"_ _a0\"> </span><span class=\"ls2 ws14\">76<span class=\"_ _16\"></span>4</span>Usef<span class=\"_ _0\"></span>ul life<span class=\"_ _19d\"> </span>7 - 10 year<span class=\"_ _0\"></span>s<span class=\"_ _45\"> </span>3 - 10 year<span class=\"_ _0\"></span>s<span class=\"_ _153\"> </span>3 - 7 year<span class=\"_ _0\"></span>sDepreci<span class=\"_ _0\"></span>ation %<span class=\"_ _d7\"> </span>10-14 %<span class=\"_ _ca\"> </span>10-33 %<span class=\"_ _14f\"> </span>14-33 %Depreci<span class=\"_ _0\"></span>ation method<span class=\"_ _304\"> </span>Linear<span class=\"_ _8e\"> </span>Linear<span class=\"_ _77\"> </span>LinearOperation<span class=\"_ _0\"></span>al lease<span class=\"_ _0\"></span>s:Duration<span class=\"_ _305\"> </span>Over 10 year<span class=\"_ _0\"></span>s<span class=\"_ _10b\"> </span>3-6 years<span class=\"_ _142\"> </span>1-2 yearsAnnual ren<span class=\"_ _0\"></span>tal amount off-balance sheet<span class=\"_ _238\"> </span>2,830<span class=\"_ _1fc\"> </span>1,331<span class=\"_ _1f9\"> </span>559T<span class=\"_ _1\"></span>otal fut<span class=\"_ _0\"></span>ure leas<span class=\"_ _0\"></span>e obligation<span class=\"_ _306\"> </span>53,722<span class=\"_ _18b\"> </span>6,102<span class=\"_ _a0\"> </span><span class=\"lsb ws8c\">826</span>In 2021 EUR 0.6 million wa<span class=\"_ _0\"></span>s clas<span class=\"_ _0\"></span>sified as depr<span class=\"_ _8\"></span>eciation in the stat<span class=\"_ _8\"></span>ement of profit and lo<span class=\"_ _0\"></span>ssr<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o rech<span class=\"_ _8\"></span>arged depr<span class=\"_ _8\"></span>eciation fr<span class=\"_ _8\"></span>om subsidiarie<span class=\"_ _0\"></span>s. In 2022 r<span class=\"_ _0\"></span>echar<span class=\"_ _8\"></span>ged depreci<span class=\"_ _0\"></span>ation fr<span class=\"_ _8\"></span>om sub<span class=\"_ _0\"></span>sidiairies h<span class=\"_ _0\"></span>as been cla<span class=\"_ _0\"></span>ssified under other oper<span class=\"_ _8\"></span>ating e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s.197Not<span class=\"_ _0\"></span>e 7 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction<span class=\"_ _0\"></span>s with r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed par<span class=\"_ _a\"></span>tiesIn 2022, dividends of EUR 40.7 <span class=\"_ _0\"></span>million wer<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>rom s<span class=\"_ _0\"></span>ubsidiarie<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed companie<span class=\"_ _0\"></span>s. In 2021 the same number w<span class=\"_ _0\"></span>as EUR 17.4 million.See als<span class=\"_ _0\"></span>o note<span class=\"_ _0\"></span>s 2, 8, 9, 12 and 15 f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e inf<span class=\"_ _0\"></span>ormation r<span class=\"_ _8\"></span>egardin<span class=\"_ _0\"></span>g tr<span class=\"_ _8\"></span>ansactions and it<span class=\"_ _0\"></span>ems with r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed par<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s.198<span class=\"_ _ed\"> </span><span class=\"ff8\">Elopak</span>Not<span class=\"_ _0\"></span>e 8 \u2013 Shar<span class=\"_ _8\"></span>es and participations in ot<span class=\"_ _0\"></span>her companies, et<span class=\"_ _8\"></span>c.P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e Acquisition Book value E<span class=\"_ _0\"></span>quity Re<span class=\"_ _0\"></span>sultsCompan<span class=\"_ _0\"></span>yownedcost202220222022Elopak Oy<span class=\"_ _0\"></span>, Finland<span class=\"_ _1fa\"> </span>100 %<span class=\"_ _118\"> </span>1,862<span class=\"_ _df\"> </span><span class=\"ls3 wsc8\">2<span class=\"_ _a\"></span>31<span class=\"_ _7a\"> </span></span>472<span class=\"_ _53\"> </span><span class=\"ls2 ws14\">1<span class=\"_ _16\"></span>76</span>Elopak Denmark A/<span class=\"_ _0\"></span>S, Denmark<span class=\"_ _db\"> </span>100 %<span class=\"_ _144\"> </span>91,296<span class=\"_ _5e\"> </span>66,000<span class=\"_ _c1\"> </span>23,200<span class=\"_ _64\"> </span>2,217Elopak BV, Net<span class=\"_ _0\"></span>herlands<span class=\"_ _2cd\"> </span>100 %<span class=\"_ _46\"> </span>105,456<span class=\"_ _49\"> </span>105,456<span class=\"_ _106\"> </span>12<span class=\"_ _0\"></span>4,898<span class=\"_ _1c8\"> </span>4,340Elopak F<span class=\"_ _8\"></span>astiv, Uk<span class=\"_ _0\"></span>raine<span class=\"_ _307\"> </span>99 %<span class=\"_ _194\"> </span>2,289<span class=\"_ _142\"> </span>2,285<span class=\"_ _144\"> </span>10,387<span class=\"_ _48\"> </span>-5,99<span class=\"_ _0\"></span>3Elopak SP<span class=\"_ _8\"></span>A, Italy<span class=\"_ _308\"> </span>100 %<span class=\"_ _84\"> </span>4,233<span class=\"_ _13c\"> </span>880<span class=\"_ _194\"> </span>2,468<span class=\"_ _77\"> </span>46Elopak Sys<span class=\"_ _0\"></span>tems A<span class=\"_ _0\"></span>G, Switzerland<span class=\"_ _309\"> </span>100 %<span class=\"_ _48\"> </span>13,560<span class=\"_ _c8\"> </span>13,560<span class=\"_ _7f\"> </span>14,715<span class=\"_ _64\"> </span>-556Elopak Inc, USA<span class=\"_ _136\"> </span>100 %<span class=\"_ _153\"> </span>47,405<span class=\"_ _153\"> </span>47,405<span class=\"_ _60\"> </span>35,342<span class=\"_ _194\"> </span>4,835Elopak Isr<span class=\"_ _8\"></span>ael AS, Nor<span class=\"_ _a\"></span>way<span class=\"_ _126\"> </span>100 %<span class=\"_ _14f\"> </span>1,316<span class=\"_ _ca\"> </span>1,316<span class=\"_ _62\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _a\"></span>3<span class=\"_ _53\"> </span></span>-12Elopak Canad<span class=\"_ _0\"></span>a Inc, Canada<span class=\"_ _241\"> </span>100 %<span class=\"_ _142\"> </span>6,9<span class=\"_ _8\"></span>42<span class=\"_ _142\"> </span>6,9<span class=\"_ _0\"></span>42<span class=\"_ _c1\"> </span>38,402<span class=\"_ _153\"> </span>20,087Elopak GsmbH, A<span class=\"_ _0\"></span>ustria<span class=\"_ _285\"> </span>100 %<span class=\"_ _194\"> </span>6,226<span class=\"_ _7b\"> </span>5,273<span class=\"_ _142\"> </span>2,887<span class=\"_ _6b\"> </span>135ZAO R<span class=\"_ _8\"></span>ussland, R<span class=\"_ _0\"></span>ussia<span class=\"_ _281\"> </span>100 %<span class=\"_ _84\"> </span>4,458<span class=\"_ _84\"> </span>4,458<span class=\"_ _ef\"> </span>-<span class=\"_ _60\"> </span>-11,597Elopak S.R.<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>, Czechia<span class=\"_ _192\"> </span>100 %<span class=\"_ _4e\"> </span>1<span class=\"_ _a\"></span>97<span class=\"_ _27b\"> </span>1<span class=\"_ _a\"></span>97<span class=\"_ _6b\"> </span><span class=\"lsb5 ws1f8\">9<span class=\"_ _16\"></span>74<span class=\"_ _66\"> </span></span>58Elopak UK Lt<span class=\"_ _0\"></span>d, UK<span class=\"_ _30a\"> </span>100 %<span class=\"_ _7f\"> </span>47,191<span class=\"_ _ef\"> </span>-<span class=\"_ _14f\"> </span>8,151<span class=\"_ _84\"> </span>2,608Elopak BS D.<span class=\"_ _0\"></span>O.O Ser<span class=\"_ _0\"></span>bia<span class=\"_ _30b\"> </span>100 %<span class=\"_ _7a\"> </span>160<span class=\"_ _6d\"> </span>160<span class=\"_ _62\"> </span>3<span class=\"_ _a\"></span>24<span class=\"_ _1af\"> </span><span class=\"ls5 wsd\">70</span>Elopak AB, Sverig<span class=\"_ _0\"></span>e<span class=\"_ _30c\"> </span>100 %<span class=\"_ _c8\"> </span>10,59<span class=\"_ _0\"></span>3<span class=\"_ _84\"> </span>6,820<span class=\"_ _60\"> </span>10,480<span class=\"_ _19a\"> </span>233Elopak KFT<span class=\"_ _8\"></span>, Hungary<span class=\"_ _18d\"> </span>100 %<span class=\"_ _d4\"> </span>13<span class=\"_ _d4\"> </span>13<span class=\"_ _7a\"> </span><span class=\"lsb9 ws205\">5<span class=\"_ _a\"></span>78<span class=\"_ _109\"> </span></span>21Elopak EOOD<span class=\"_ _8\"></span>, Bulgaria<span class=\"_ _30d\"> </span>100 %<span class=\"_ _e8\"> </span>3<span class=\"_ _e8\"> </span>3<span class=\"_ _77\"> </span>121<span class=\"_ _e8\"> </span>3Elopak P<span class=\"_ _0\"></span>oland SA, P<span class=\"_ _0\"></span>oland<span class=\"_ _30e\"> </span>100 %<span class=\"_ _153\"> </span>20,388<span class=\"_ _47\"> </span>6,000<span class=\"_ _84\"> </span>4,863<span class=\"_ _6b\"> </span>158Elofill Gmbh, German<span class=\"_ _0\"></span>y<span class=\"_ _30d\"> </span>100 %<span class=\"_ _47\"> </span>42,215<span class=\"_ _5c\"> </span>42,215<span class=\"_ _48\"> </span>48,788<span class=\"_ _ca\"> </span>-130Elopak T<span class=\"_ _1\"></span>unisie SARL, T<span class=\"_ _1\"></span>unisia*<span class=\"_ _18c\"> </span>100 %<span class=\"_ _e8\"> </span>3<span class=\"_ _e8\"> </span>3<span class=\"_ _1af\"> </span>47<span class=\"_ _104\"> </span>11Elopak Egypt LL<span class=\"_ _0\"></span>C, Eg<span class=\"_ _a\"></span>ypt*<span class=\"_ _141\"> </span>100 %<span class=\"_ _e8\"> </span>6<span class=\"_ _6f\"> </span>6<span class=\"_ _77\"> </span>49<span class=\"_ _ef\"> </span>7Elopak Algerie SAR<span class=\"_ _0\"></span>L, Algeria<span class=\"_ _30f\"> </span>49 %<span class=\"_ _ef\"> </span>-<span class=\"_ _6f\"> </span>-<span class=\"_ _da\"> </span>33<span class=\"_ _e8\"> </span>5T<span class=\"_ _1\"></span>otal shar<span class=\"_ _0\"></span>es, subsidi<span class=\"_ _0\"></span>aries<span class=\"_ _17c\"> </span>405,814<span class=\"_ _2f\"> </span>309,225Enva<span class=\"_ _0\"></span>ses Elopak S.A. de C.V., Me<span class=\"_ _0\"></span>xico<span class=\"_ _168\"> </span>49 %<span class=\"_ _c8\"> </span>24,2<span class=\"_ _8\"></span>47<span class=\"_ _144\"> </span>2<span class=\"_ _0\"></span>4,2<span class=\"_ _0\"></span>47<span class=\"_ _12c\"> </span>21,237<span class=\"_ _194\"> </span>2,665Elopak Nampak Af<span class=\"_ _8\"></span>rica Ltd, K<span class=\"_ _8\"></span>enya<span class=\"_ _310\"> </span>50 %<span class=\"_ _e8\"> </span>4<span class=\"_ _e8\"> </span>4<span class=\"_ _64\"> </span>-244<span class=\"_ _13c\"> </span>-112T<span class=\"_ _1\"></span>otal shar<span class=\"_ _0\"></span>es, joint ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es<span class=\"_ _d7\"> </span>24,251<span class=\"_ _4c\"> </span>24,251T<span class=\"_ _1\"></span>otal shares<span class=\"_ _58\"> </span><span class=\"ls0 ws0\">333,47<span class=\"_ _1\"></span>6</span>* Owned 50% direct<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>, and 50% through wholly o<span class=\"_ _0\"></span>wned subsidiarie<span class=\"_ _0\"></span>sThe perc<span class=\"_ _0\"></span>entage owned i<span class=\"_ _0\"></span>s equal to the v<span class=\"_ _0\"></span>oting shar<span class=\"_ _8\"></span>e percentag<span class=\"_ _0\"></span>e.199Not<span class=\"_ _0\"></span>e 8 \u2013 Shar<span class=\"_ _8\"></span>es and participations in ot<span class=\"_ _0\"></span>her companies, et<span class=\"_ _8\"></span>c. <span class=\"fc3\">continued</span>During 2022, Elopak AS<span class=\"_ _0\"></span>A increas<span class=\"_ _0\"></span>ed the shar<span class=\"_ _0\"></span>e capital in Elopak B<span class=\"_ _0\"></span>V in order t<span class=\"_ _0\"></span>o finance t<span class=\"_ _0\"></span>he acquisition of all votin<span class=\"_ _0\"></span>g shar<span class=\"_ _0\"></span>es in Natur<span class=\"_ _8\"></span>epakBever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackaging Co L<span class=\"_ _0\"></span>td and GLS Elopak.Dividends f<span class=\"_ _0\"></span>rom s<span class=\"_ _0\"></span>ubsidiaries and joint v<span class=\"_ _0\"></span>entur<span class=\"_ _8\"></span>es of EUR 40.7 million in 2022 (EUR 17.4 million in 2021) hav<span class=\"_ _0\"></span>e been reco<span class=\"_ _0\"></span>gnized as fin<span class=\"_ _0\"></span>ancial income.Impairment t<span class=\"_ _0\"></span>ests h<span class=\"_ _0\"></span>ave been performed on t<span class=\"_ _0\"></span>hose inve<span class=\"_ _0\"></span>stments wher<span class=\"_ _8\"></span>e the book value ex<span class=\"_ _8\"></span>ceeds the equity in the Company<span class=\"_ _8\"></span>.An impairment of EUR 1 million f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om Elopak GsmbH, Aus<span class=\"_ _0\"></span>tria was deemed nece<span class=\"_ _0\"></span>ssary in 2022.Not<span class=\"_ _0\"></span>e 9 \u2013 Net other fin<span class=\"_ _8\"></span>ancial item<span class=\"_ _0\"></span>s2022<span class=\"_ _2fd\"> </span>2021Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t income fr<span class=\"_ _0\"></span>om companies in the s<span class=\"_ _0\"></span>ame group<span class=\"_ _1b6\"> </span>10,732<span class=\"_ _1a9\"> </span>6,602Other int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st income<span class=\"_ _311\"> </span><span class=\"ls8d ws14c\">795<span class=\"_ _2ef\"> </span></span>517Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t costs f<span class=\"_ _0\"></span>or companies in the s<span class=\"_ _0\"></span>ame group<span class=\"_ _19c\"> </span>-1,465<span class=\"_ _2ff\"> </span>-852Other int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st expens<span class=\"_ _0\"></span>es **<span class=\"_ _10e\"> </span>2,672<span class=\"_ _dc\"> </span>-1,407T<span class=\"_ _1\"></span>otal inter<span class=\"_ _0\"></span>est income (+) / e<span class=\"_ _0\"></span>xpense (-)<span class=\"_ _298\"> </span>12,733<span class=\"_ _20c\"> </span>4,860Net curr<span class=\"_ _0\"></span>ency gain/loss *<span class=\"_ _42\"> </span>3,469<span class=\"_ _28f\"> </span>442Other financial inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _0\"></span>om enterpri<span class=\"_ _0\"></span>ses in the s<span class=\"_ _0\"></span>ame group<span class=\"_ _312\"> </span>105<span class=\"_ _313\"> </span>60Other financial inc<span class=\"_ _0\"></span>ome<span class=\"_ _23f\"> </span>-<span class=\"_ _162\"> </span>2Other financial c<span class=\"_ _0\"></span>ost<span class=\"_ _311\"> </span>-2,186<span class=\"_ _28a\"> </span>-3,132T<span class=\"_ _1\"></span>otal other financi<span class=\"_ _0\"></span>al income / expens<span class=\"_ _0\"></span>e<span class=\"_ _303\"> </span>-2,081<span class=\"_ _2e1\"> </span>-3,069T<span class=\"_ _1\"></span>otal other financi<span class=\"_ _0\"></span>al income<span class=\"_ _cb\"> </span>15,100<span class=\"_ _1a9\"> </span>7,624T<span class=\"_ _1\"></span>otal other financi<span class=\"_ _0\"></span>al expens<span class=\"_ _0\"></span>es (incl. pr<span class=\"_ _0\"></span>ofit<span class=\"_ _a\"></span>/loss on e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange)<span class=\"_ _314\"> </span>-980<span class=\"_ _284\"> </span>-5,391* Pr<span class=\"_ _0\"></span>ofit/loss on c<span class=\"_ _0\"></span>urrency ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esent<span class=\"_ _0\"></span>ed net in the stat<span class=\"_ _0\"></span>ement f<span class=\"_ _0\"></span>or profit and lo<span class=\"_ _0\"></span>ss as part of other financial income.** Gains on int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st rat<span class=\"_ _0\"></span>e swap<span class=\"_ _0\"></span>s are includes a<span class=\"_ _0\"></span>s a reduction of int<span class=\"_ _8\"></span>erest e<span class=\"_ _0\"></span>xpense.200ElopakNot<span class=\"_ _0\"></span>e 10 \u2013 Income taxIncome tax e<span class=\"_ _8\"></span>xpenses:2022<span class=\"_ _2fd\"> </span>2021T<span class=\"_ _8\"></span>ax cost p<span class=\"_ _0\"></span>ayable outside Norway<span class=\"_ _2f1\"> </span>2,251<span class=\"_ _2fd\"> </span>1,457T<span class=\"_ _8\"></span>ax pay<span class=\"_ _0\"></span>able in Norway ***<span class=\"_ _e2\"> </span>-<span class=\"_ _2c7\"> </span>-38Chang<span class=\"_ _0\"></span>e in deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _2dc\"> </span>-1,434<span class=\"_ _dc\"> </span>-1,402T<span class=\"_ _1\"></span>otal tax cost<span class=\"_ _67\"> </span>818<span class=\"_ _1a3\"> </span>16Calculati<span class=\"_ _0\"></span>on of this y<span class=\"_ _0\"></span>ear's tax ba<span class=\"_ _0\"></span>se:2022<span class=\"_ _2fd\"> </span>2021Pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _8\"></span>e tax expense<span class=\"_ _0\"></span>s<span class=\"_ _1f2\"> </span>24,335<span class=\"_ _13b\"> </span>1,448FX effect on lo<span class=\"_ _0\"></span>ss carried f<span class=\"_ _0\"></span>orward f<span class=\"_ _0\"></span>rom,2<span class=\"_ _0\"></span>021<span class=\"_ _2bd\"> </span>2,251<span class=\"_ _29d\"> </span>-P<span class=\"_ _0\"></span>ermanent diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s*<span class=\"_ _11c\"> </span>8,659<span class=\"_ _d3\"> </span>11,032Chang<span class=\"_ _0\"></span>e in tempor<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y diff<span class=\"_ _0\"></span>erences<span class=\"_ _301\"> </span>-1,97<span class=\"_ _1\"></span>6<span class=\"_ _199\"> </span>-9,99<span class=\"_ _0\"></span>7Non-taxable dividend income<span class=\"_ _ff\"> </span>-41,114<span class=\"_ _94\"> </span>-16,9<span class=\"_ _0\"></span>40Differ<span class=\"_ _8\"></span>ences recog<span class=\"_ _0\"></span>nized dir<span class=\"_ _0\"></span>ectly in equity **<span class=\"_ _161\"> </span>-9,392<span class=\"_ _d3\"> </span>4,048This y<span class=\"_ _0\"></span>ear's tax bas<span class=\"_ _0\"></span>e<span class=\"_ _e6\"> </span>-17,237<span class=\"_ _ac\"> </span>-10,409* Includes mainly t<span class=\"_ _0\"></span>ransl<span class=\"_ _0\"></span>ation differ<span class=\"_ _8\"></span>ences due to the f<span class=\"_ _8\"></span>act that tax is c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>ed in NOK and non-deductible expens<span class=\"_ _0\"></span>es.** R<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o chang<span class=\"_ _0\"></span>e in actuarial eff<span class=\"_ _0\"></span>ects on pensions, ch<span class=\"_ _0\"></span>ange in cash flo<span class=\"_ _0\"></span>w hedges in equity<span class=\"_ _0\"></span>, and shar<span class=\"_ _0\"></span>e issuanc<span class=\"_ _0\"></span>e cost tak<span class=\"_ _0\"></span>en net to equity<span class=\"_ _0\"></span>.*** T<span class=\"_ _8\"></span>ax pay<span class=\"_ _0\"></span>able in 2021 is r<span class=\"_ _8\"></span>elated t<span class=\"_ _0\"></span>o an adjustment of tax<span class=\"_ _8\"></span>es payable f<span class=\"_ _8\"></span>or 2020.201Not<span class=\"_ _0\"></span>e 10 \u2013 Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>Overview of t<span class=\"_ _0\"></span>emporary differ<span class=\"_ _0\"></span>ences:2022<span class=\"_ _145\"> </span>2<span class=\"_ _0\"></span>021Invent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _2aa\"> </span>3,038<span class=\"_ _27c\"> </span>2,498Goodwill<span class=\"_ _254\"> </span>5,53<span class=\"_ _0\"></span>9<span class=\"_ _1bd\"> </span>6,7<span class=\"_ _8\"></span>64Fixed As<span class=\"_ _0\"></span>sets<span class=\"_ _65\"> </span>16,623<span class=\"_ _28a\"> </span>16,250Pr<span class=\"_ _0\"></span>ovisions<span class=\"_ _f7\"> </span>4,866<span class=\"_ _2c2\"> </span>5,089P<span class=\"_ _0\"></span>ensions<span class=\"_ _5b\"> </span>2,2<span class=\"_ _0\"></span>06<span class=\"_ _27c\"> </span>2,320F<span class=\"_ _0\"></span>air value of hedging in<span class=\"_ _0\"></span>struments<span class=\"_ _297\"> </span>-3,2<span class=\"_ _0\"></span>43<span class=\"_ _1b4\"> </span>-2,2<span class=\"_ _0\"></span>47T<span class=\"_ _1\"></span>emporary difference<span class=\"_ _0\"></span>s<span class=\"_ _2f2\"> </span>29,029<span class=\"_ _bc\"> </span>30,675T<span class=\"_ _8\"></span>ax r<span class=\"_ _0\"></span>eceivable on tax<span class=\"_ _0\"></span>es paid outside of Norway *<span class=\"_ _17f\"> </span>-<span class=\"_ _2c2\"> </span>5,986T<span class=\"_ _8\"></span>ax loss<span class=\"_ _0\"></span>es carried f<span class=\"_ _0\"></span>orward<span class=\"_ _1f2\"> </span>27,646<span class=\"_ _199\"> </span>10,409To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1a7\"> </span>56,675<span class=\"_ _bc\"> </span>47,070Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>set<span class=\"_ _2a8\"> </span>12,468<span class=\"_ _284\"> </span>10,355T<span class=\"_ _1\"></span>emporary differenc<span class=\"_ _0\"></span>es for t<span class=\"_ _0\"></span>he calculation of tax p<span class=\"_ _0\"></span>ayable<span class=\"_ _218\"> </span>29,029<span class=\"_ _199\"> </span>30,675T<span class=\"_ _8\"></span>ax r<span class=\"_ _0\"></span>eceivable on tax<span class=\"_ _0\"></span>es paid outside of Norway<span class=\"_ _154\"> </span>-<span class=\"_ _27c\"> </span>5,986T<span class=\"_ _8\"></span>ax loss<span class=\"_ _0\"></span>es carried f<span class=\"_ _0\"></span>orward<span class=\"_ _1f2\"> </span>27,646<span class=\"_ _199\"> </span>10,409To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1a7\"> </span>56,675<span class=\"_ _bc\"> </span>47,070Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>set *<span class=\"_ _21a\"> </span>12,468<span class=\"_ _284\"> </span>10,355* T<span class=\"_ _8\"></span>ax r<span class=\"_ _0\"></span>eceivables on tax<span class=\"_ _8\"></span>es paid outside of Norway carried f<span class=\"_ _0\"></span>orward ar<span class=\"_ _0\"></span>e included in the def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax asset.The use of t<span class=\"_ _0\"></span>his tax r<span class=\"_ _0\"></span>eceivable is pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted as a r<span class=\"_ _8\"></span>eduction in taxes pa<span class=\"_ _0\"></span>yable in the bal<span class=\"_ _0\"></span>ance sheet.202<span class=\"_ _315\"> </span><span class=\"ff5 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 10 \u2013 Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>Explan<span class=\"_ _0\"></span>ation of why t<span class=\"_ _0\"></span>his y<span class=\"_ _0\"></span>ear's tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e does not amount t<span class=\"_ _8\"></span>o 22% of profit bef<span class=\"_ _0\"></span>ore t<span class=\"_ _0\"></span>ax:2022<span class=\"_ _2fd\"> </span>2021Pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _8\"></span>e taxes<span class=\"_ _234\"> </span>24,335<span class=\"_ _13b\"> </span>1,44822% tax on pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _0\"></span>e tax<span class=\"_ _316\"> </span>5,354<span class=\"_ _317\"> </span><span class=\"ls3 wsc8\">318</span>T<span class=\"_ _8\"></span>ax eff<span class=\"_ _0\"></span>ect of:P<span class=\"_ _0\"></span>ermanent diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s (22%) *<span class=\"_ _c7\"> </span>1,905<span class=\"_ _2c2\"> </span>2,427T<span class=\"_ _8\"></span>ax<span class=\"_ _0\"></span>es paid outside Norway<span class=\"_ _318\"> </span>2,251<span class=\"_ _2ff\"> </span>1,130Chang<span class=\"_ _0\"></span>e in tax receiv<span class=\"_ _0\"></span>able on taxe<span class=\"_ _0\"></span>s paid outside of Norway<span class=\"_ _319\"> </span>0<span class=\"_ _31a\"> </span><span class=\"lsb ws8c\">326</span>Non-taxable dividend<span class=\"_ _22f\"> </span>-9,045<span class=\"_ _dc\"> </span>-3,727Curr<span class=\"_ _0\"></span>ency effect on def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax asset<span class=\"_ _187\"> </span>353<span class=\"_ _1b5\"> </span>-459Estim<span class=\"_ _0\"></span>ated tax e<span class=\"_ _0\"></span>xpense (- income)<span class=\"_ _292\"> </span>818<span class=\"_ _1a3\"> </span>16Effectiv<span class=\"_ _0\"></span>e tax rat<span class=\"_ _0\"></span>e as a per<span class=\"_ _0\"></span>centage of pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _8\"></span>e tax.<span class=\"_ _9b\"> </span>3.4 %<span class=\"_ _2ff\"> </span>1.1 %* Includes non-deductible e<span class=\"_ _0\"></span>xpenses, taxable inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _0\"></span>om NOKUS, a<span class=\"_ _0\"></span>s well as tr<span class=\"_ _0\"></span>anslation diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es.Not<span class=\"_ _0\"></span>e 11 \u2013 E<span class=\"_ _0\"></span>quityShar<span class=\"_ _0\"></span>e Other paid-in Other T<span class=\"_ _1\"></span>otalCompan<span class=\"_ _0\"></span>ycapitalcapitalequityequityE<span class=\"_ _0\"></span>quity 01.01.2022<span class=\"_ _154\"> </span>50,156<span class=\"_ _c8\"> </span>7<span class=\"_ _0\"></span>0,105<span class=\"_ _144\"> </span>48,651<span class=\"_ _c1\"> </span>168,912This y<span class=\"_ _0\"></span>ear's chan<span class=\"_ _0\"></span>ge in equity:Pr<span class=\"_ _0\"></span>ofit for t<span class=\"_ _0\"></span>he year<span class=\"_ _31b\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _47\"> </span>23,517<span class=\"_ _47\"> </span>23,517Dividend pro<span class=\"_ _0\"></span>vision to s<span class=\"_ _0\"></span>hareholder<span class=\"_ _0\"></span>s<span class=\"_ _205\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _106\"> </span>-22,021<span class=\"_ _5e\"> </span>-22,021Own shar<span class=\"_ _0\"></span>es (5.519)<span class=\"_ _150\"> </span>-1<span class=\"_ _1af\"> </span>-8<span class=\"_ _ef\"> </span>-<span class=\"_ _da\"> </span>-9Curr<span class=\"_ _0\"></span>ency effect dividend pr<span class=\"_ _0\"></span>evious year<span class=\"_ _248\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _6b\"> </span>591<span class=\"_ _6b\"> </span>591Pr<span class=\"_ _0\"></span>ovision f<span class=\"_ _0\"></span>or shar<span class=\"_ _0\"></span>e-based bonu<span class=\"_ _0\"></span>s<span class=\"_ _9b\"> </span>-<span class=\"_ _55\"> </span>-145<span class=\"_ _ef\"> </span>-<span class=\"_ _155\"> </span>-145Chang<span class=\"_ _0\"></span>e in actuarial gains and lo<span class=\"_ _0\"></span>sses f<span class=\"_ _0\"></span>or pensions<span class=\"_ _133\"> </span>-<span class=\"_ _6f\"> </span>-<span class=\"_ _62\"> </span>-68<span class=\"_ _62\"> </span>-68Chang<span class=\"_ _0\"></span>e in cash flow hedge r<span class=\"_ _8\"></span>eserve<span class=\"_ _205\"> </span>-<span class=\"_ _6f\"> </span>-<span class=\"_ _c8\"> </span>-6,9<span class=\"_ _0\"></span>67<span class=\"_ _48\"> </span>-6,967E<span class=\"_ _0\"></span>quity 31.12.2022<span class=\"_ _2bc\"> </span>50,155<span class=\"_ _52\"> </span>69,952<span class=\"_ _5e\"> </span>43,704<span class=\"_ _106\"> </span>163,811203Not<span class=\"_ _0\"></span>e 12 \u2013 Balance<span class=\"_ _0\"></span>s with compan<span class=\"_ _0\"></span>ies in the s<span class=\"_ _0\"></span>ame gr<span class=\"_ _8\"></span>oup, etc.Non-curr<span class=\"_ _0\"></span>ent liabilitie<span class=\"_ _0\"></span>s to g<span class=\"_ _0\"></span>roup comp<span class=\"_ _0\"></span>anies2022<span class=\"_ _2fd\"> </span>2021Elopak GmbH<span class=\"_ _232\"> </span>59,000<span class=\"_ _2e1\"> </span>55,000Elopak Canad<span class=\"_ _0\"></span>a Inc<span class=\"_ _e0\"> </span>14,063<span class=\"_ _29d\"> </span>-ZAO Elop<span class=\"_ _0\"></span>ak Rus<span class=\"_ _0\"></span>sia<span class=\"_ _56\"> </span>-<span class=\"_ _13b\"> </span>4,651Elopak Isr<span class=\"_ _8\"></span>ael AS, Israeli br<span class=\"_ _0\"></span>anch<span class=\"_ _31c\"> </span>-<span class=\"_ _2c7\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _a\"></span>2</span>Elopak South Af<span class=\"_ _0\"></span>rica<span class=\"_ _31d\"> </span><span class=\"ls1 ws1\">4<span class=\"_ _a\"></span>69<span class=\"_ _31e\"> </span></span>-Elopak Mar<span class=\"_ _0\"></span>occo<span class=\"_ _31f\"> </span>5,000<span class=\"_ _29d\"> </span>-To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _320\"> </span>78,532<span class=\"_ _2e1\"> </span>59,89<span class=\"_ _0\"></span>3204ElopakNot<span class=\"_ _0\"></span>e 12 \u2013 Balance<span class=\"_ _0\"></span>s with compan<span class=\"_ _0\"></span>ies in the s<span class=\"_ _0\"></span>ame gr<span class=\"_ _8\"></span>oup, etc. <span class=\"fc3\">continued</span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>able<span class=\"_ _321\"> </span>Other curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets2022<span class=\"_ _28a\"> </span>2021<span class=\"_ _dc\"> </span>2022<span class=\"_ _28a\"> </span>2021Elopak BV<span class=\"_ _10d\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _12d\"> </span>19,323<span class=\"_ _2d5\"> </span>31,79<span class=\"_ _0\"></span>6Elopak BV br<span class=\"_ _0\"></span>anch office Spain<span class=\"_ _34\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _322\"> </span>185<span class=\"_ _199\"> </span>1,082Elopak Canad<span class=\"_ _0\"></span>a<span class=\"_ _225\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _202\"> </span>8,898<span class=\"_ _2bb\"> </span>2,644Elopak BS d.o.o<span class=\"_ _0\"></span>.<span class=\"_ _1fe\"> </span>138<span class=\"_ _31a\"> </span>65<span class=\"_ _169\"> </span>2<span class=\"_ _2fe\"> </span>3Elopak Denmark AS<span class=\"_ _323\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _16b\"> </span>11<span class=\"_ _169\"> </span>-Elopak GmbH<span class=\"_ _17b\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _217\"> </span>50,9<span class=\"_ _0\"></span>38<span class=\"_ _94\"> </span>28,501Elopak Hungary<span class=\"_ _308\"> </span>-<span class=\"_ _2a1\"> </span>1<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span>-Elopak Inc.<span class=\"_ _d7\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _2fe\"> </span>4Elopak Isr<span class=\"_ _8\"></span>ael AS branch office<span class=\"_ _1ba\"> </span>28<span class=\"_ _1bd\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _a\"></span>0<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-Elopak P<span class=\"_ _0\"></span>oland S.A.<span class=\"_ _325\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _28c\"> </span>1<span class=\"_ _324\"> </span>-Elopak EOOD<span class=\"_ _8\"></span>, Bulgaria<span class=\"_ _134\"> </span>1<span class=\"_ _19b\"> </span>1<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span>-Elopak UK Lt<span class=\"_ _0\"></span>d<span class=\"_ _326\"> </span>-<span class=\"_ _2c7\"> </span>47<span class=\"_ _bc\"> </span>4,088<span class=\"_ _199\"> </span>1,960ZAO Elop<span class=\"_ _0\"></span>ak Rus<span class=\"_ _0\"></span>sia<span class=\"_ _325\"> </span>-<span class=\"_ _115\"> </span>4,019<span class=\"_ _2fe\"> </span>0<span class=\"_ _13b\"> </span>844Elopak Ukr<span class=\"_ _0\"></span>aine<span class=\"_ _225\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _2fe\"> </span>3<span class=\"_ _2fe\"> </span>0Elopak F<span class=\"_ _8\"></span>astiv<span class=\"_ _170\"> </span>4,224<span class=\"_ _13b\"> </span>802<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span>-Elopak Algeria<span class=\"_ _18e\"> </span>-<span class=\"_ _2c7\"> </span><span class=\"lsb ws8c\">26<span class=\"_ _169\"> </span></span>-<span class=\"_ _324\"> </span>-Elopak India<span class=\"_ _1ff\"> </span>2,083<span class=\"_ _2fe\"> </span>0<span class=\"_ _324\"> </span>-<span class=\"_ _324\"> </span>-Elopak South Af<span class=\"_ _0\"></span>rica<span class=\"_ _306\"> </span>917<span class=\"_ _313\"> </span>0<span class=\"_ _317\"> </span>15<span class=\"_ _169\"> </span>-Elopak Mar<span class=\"_ _0\"></span>occo<span class=\"_ _307\"> </span>2,816<span class=\"_ _313\"> </span>0<span class=\"_ _317\"> </span>81<span class=\"_ _169\"> </span>-Elopak Czek<span class=\"_ _20b\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _145\"> </span>166<span class=\"_ _169\"> </span>-Elopak US<span class=\"_ _188\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _2fe\"> </span>9<span class=\"_ _169\"> </span>-Intr<span class=\"_ _0\"></span>a-gr<span class=\"_ _0\"></span>oup positions<span class=\"_ _327\"> </span>10,206<span class=\"_ _bc\"> </span>8,9<span class=\"_ _8\"></span>43<span class=\"_ _e3\"> </span>83,719<span class=\"_ _12d\"> </span>71,621Extern<span class=\"_ _0\"></span>al positions<span class=\"_ _134\"> </span>4,224<span class=\"_ _199\"> </span>5,29<span class=\"_ _0\"></span>7<span class=\"_ _bc\"> </span>18,128<span class=\"_ _aa\"> </span>18,350To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _328\"> </span>14,430<span class=\"_ _217\"> </span>14,2<span class=\"_ _0\"></span>40<span class=\"_ _d2\"> </span>101,847<span class=\"_ _a7\"> </span>89,9<span class=\"_ _0\"></span>71205Not<span class=\"_ _0\"></span>e 12 \u2013 Balance<span class=\"_ _0\"></span>s with compan<span class=\"_ _0\"></span>ies in the s<span class=\"_ _0\"></span>ame gr<span class=\"_ _8\"></span>oup, etc. <span class=\"fc3\">continued</span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables<span class=\"_ _162\"> </span>Other curr<span class=\"_ _0\"></span>ent liabilities2022<span class=\"_ _28a\"> </span>2021<span class=\"_ _dc\"> </span>2022<span class=\"_ _28a\"> </span>2021Elofill GmbH<span class=\"_ _20f\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _115\"> </span>2,542<span class=\"_ _94\"> </span>20,321Elopak AB<span class=\"_ _250\"> </span><span class=\"ls5a wsaa\">204<span class=\"_ _165\"> </span></span>172<span class=\"_ _1b4\"> </span>2,147<span class=\"_ _1b4\"> </span>1,975Elopak BV<span class=\"_ _10d\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _199\"> </span>2,867<span class=\"_ _2bb\"> </span>8,366Elopak BV br<span class=\"_ _0\"></span>anch office Spain<span class=\"_ _34\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _2fe\"> </span>3<span class=\"_ _169\"> </span>7Elopak BV br<span class=\"_ _0\"></span>anch office Fr<span class=\"_ _8\"></span>ance<span class=\"_ _321\"> </span>11<span class=\"_ _2fe\"> </span>8<span class=\"_ _2dd\"> </span><span class=\"lsaf ws1bc\">61<span class=\"_ _a\"></span>7<span class=\"_ _1b2\"> </span></span>11,044Elopak Canad<span class=\"_ _0\"></span>a<span class=\"_ _1fd\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _165\"> </span></span>417<span class=\"_ _13b\"> </span><span class=\"ls2c ws49\">403<span class=\"_ _2fd\"> </span></span>565Elopak BS d.o.o<span class=\"_ _0\"></span>.<span class=\"_ _1f8\"> </span><span class=\"lsb5 ws1f8\">74<span class=\"_ _247\"> </span></span>47<span class=\"_ _2c7\"> </span><span class=\"ls3 wsc8\">73<span class=\"_ _329\"> </span></span>19Elopak Denmark AS<span class=\"_ _323\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _199\"> </span>1,906<span class=\"_ _dc\"> </span>6,381Elopak F<span class=\"_ _8\"></span>astiv<span class=\"_ _2cf\"> </span>36<span class=\"_ _324\"> </span>8<span class=\"_ _324\"> </span>-<span class=\"_ _169\"> </span>-Elopak Gesmbh<span class=\"_ _248\"> </span>-<span class=\"_ _247\"> </span>18<span class=\"_ _115\"> </span>5,647<span class=\"_ _199\"> </span>5,9<span class=\"_ _8\"></span>32Elopak GmbH<span class=\"_ _17b\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _94\"> </span>12,280<span class=\"_ _199\"> </span>2,754Elopak Hungary<span class=\"_ _308\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _145\"> </span>5<span class=\"_ _16\"></span>76<span class=\"_ _145\"> </span><span class=\"ls7d ws110\">37<span class=\"_ _a\"></span>2</span>Elopak Inc.<span class=\"_ _d7\"> </span>-<span class=\"_ _1bd\"> </span>856<span class=\"_ _aa\"> </span>19,402<span class=\"_ _202\"> </span>10,131Elopak Isr<span class=\"_ _8\"></span>ael AS<span class=\"_ _248\"> </span>-<span class=\"_ _2fe\"> </span>0<span class=\"_ _145\"> </span>219<span class=\"_ _1bd\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _a\"></span>0</span>Elopak O<span class=\"_ _0\"></span>Y<span class=\"_ _20a\"> </span>10<span class=\"_ _2fe\"> </span>4<span class=\"_ _1bd\"> </span>563<span class=\"_ _1b5\"> </span><span class=\"ls5 wsd\">396</span>Elopak P<span class=\"_ _0\"></span>oland S.A.<span class=\"_ _192\"> </span>-114<span class=\"_ _28f\"> </span>40<span class=\"_ _2bb\"> </span>4,966<span class=\"_ _202\"> </span>4,83<span class=\"_ _0\"></span>9Elopak S.p.A<span class=\"_ _20b\"> </span>-<span class=\"_ _313\"> </span>0<span class=\"_ _115\"> </span>2,925<span class=\"_ _2bb\"> </span>2,630Elopak s.r<span class=\"_ _8\"></span>.o.<span class=\"_ _200\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1a9\"> </span>1,135<span class=\"_ _2fd\"> </span><span class=\"lsc1 ws174\">94<span class=\"_ _a\"></span>2</span>Elopak EOOD<span class=\"_ _8\"></span>, Bulgaria<span class=\"_ _13f\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _28f\"> </span>114<span class=\"_ _247\"> </span>13Elopak Sys<span class=\"_ _0\"></span>tems A<span class=\"_ _0\"></span>G<span class=\"_ _15a\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _28a\"> </span>8,187<span class=\"_ _202\"> </span>5,899Elopak UK Lt<span class=\"_ _0\"></span>d<span class=\"_ _326\"> </span>-<span class=\"_ _324\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _145\"> </span>149ZAO Elop<span class=\"_ _0\"></span>ak Rus<span class=\"_ _0\"></span>sia<span class=\"_ _325\"> </span>-<span class=\"_ _1bd\"> </span>353<span class=\"_ _324\"> </span>-<span class=\"_ _322\"> </span>145Intr<span class=\"_ _0\"></span>a-gr<span class=\"_ _0\"></span>oup positions<span class=\"_ _287\"> </span>24<span class=\"_ _a\"></span>6<span class=\"_ _1b5\"> </span><span class=\"ls3 wsc8\">738<span class=\"_ _217\"> </span></span>66,572<span class=\"_ _27e\"> </span>61,643Extern<span class=\"_ _0\"></span>al positions<span class=\"_ _30b\"> </span>80,911<span class=\"_ _a7\"> </span>82,9<span class=\"_ _8\"></span>42<span class=\"_ _a7\"> </span>20,857<span class=\"_ _2d5\"> </span>13,297To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _188\"> </span>81,158<span class=\"_ _32a\"> </span>83,680<span class=\"_ _a2\"> </span>87,429<span class=\"_ _a2\"> </span>7<span class=\"_ _8\"></span>4,9<span class=\"_ _8\"></span>40206<span class=\"_ _3d\"> </span><span class=\"ff8 ls0 ws0\">Elopak</span>Not<span class=\"_ _0\"></span>e 13 \u2013 Inven<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y2022<span class=\"_ _7b\"> </span>2021Ra<span class=\"_ _0\"></span>w material<span class=\"_ _0\"></span>s<span class=\"_ _2f9\"> </span> 22,603 <span class=\"_ _15\"> </span> 15,555Semi-finished pr<span class=\"_ _0\"></span>oducts<span class=\"_ _f6\"> </span> 2<span class=\"_ _0\"></span>4,853 <span class=\"_ _45\"> </span> 18,9<span class=\"_ _8\"></span>40Filling Machine<span class=\"_ _0\"></span>s<span class=\"_ _2a4\"> </span> 15,087 <span class=\"_ _49\"> </span> 17,9<span class=\"_ _0\"></span>32Finished good<span class=\"_ _0\"></span>s<span class=\"_ _5d\"> </span> 28,234 <span class=\"_ _22\"> </span> 23,07<span class=\"_ _8\"></span>6To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _32b\"> </span> 90,777 <span class=\"_ _40\"> </span> 75,502Not<span class=\"_ _0\"></span>e 14 \u2013Shar<span class=\"_ _8\"></span>e capital and sh<span class=\"_ _8\"></span>areholder inf<span class=\"_ _8\"></span>ormationThe shar<span class=\"_ _8\"></span>e capital i<span class=\"_ _0\"></span>s NOK 37<span class=\"_ _1\"></span>6,906,6<span class=\"_ _8\"></span>19.60, equivalent t<span class=\"_ _0\"></span>o EUR 50,155,321 consi<span class=\"_ _0\"></span>sting of 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9,219,014 shar<span class=\"_ _8\"></span>es at f<span class=\"_ _8\"></span>ace value NOK 1.40 pr shar<span class=\"_ _8\"></span>e.Elopak ASA i<span class=\"_ _0\"></span>s list<span class=\"_ _8\"></span>ed on Oslo B\u00f8r<span class=\"_ _0\"></span>s - Eu<span class=\"_ _0\"></span>rone<span class=\"_ _8\"></span>xt. Elopak ASA owned 5.519 t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es at 31.12.2<span class=\"_ _0\"></span>022.Shar<span class=\"_ _8\"></span>eholders holding 1% or mor<span class=\"_ _8\"></span>e of the t<span class=\"_ _0\"></span>otal 26<span class=\"_ _8\"></span>9.219.014 shar<span class=\"_ _8\"></span>es i<span class=\"_ _0\"></span>ssued as of 3<span class=\"_ _8\"></span>1 December 2022 ar<span class=\"_ _8\"></span>e accordin<span class=\"_ _0\"></span>g to in<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ormation f<span class=\"_ _8\"></span>rom E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>xt:NumberNameof shares<span class=\"_ _27b\"> </span><span class=\"ls0 ws0\">Holding (%)</span>F<span class=\"_ _0\"></span>erd AS<span class=\"_ _56\"> </span>161,0<span class=\"_ _0\"></span>79,280 <span class=\"_ _ac\"> </span>59.83 %Nippon Paper Indu<span class=\"_ _0\"></span>stries Co., L<span class=\"_ _0\"></span>td.<span class=\"_ _a8\"> </span> 13,460,950 <span class=\"_ _94\"> </span>5.00 %Artemis Inve<span class=\"_ _0\"></span>stment Man<span class=\"_ _0\"></span>agement Llp<span class=\"_ _203\"> </span> 8,99<span class=\"_ _0\"></span>7,614 <span class=\"_ _12d\"> </span>3.34 %F<span class=\"_ _0\"></span>olketrygdf<span class=\"_ _0\"></span>ondet<span class=\"_ _f3\"> </span> 8,879,7<span class=\"_ _0\"></span>09 <span class=\"_ _12d\"> </span>3.30 %Morgan St<span class=\"_ _0\"></span>anley Eur<span class=\"_ _0\"></span>ope SE<span class=\"_ _9d\"> </span> 7,356,462 <span class=\"_ _bc\"> </span>2.73 %Par<span class=\"_ _8\"></span>eto Asset Man<span class=\"_ _0\"></span>agement AS<span class=\"_ _2e0\"> </span> 5,029,041 <span class=\"_ _115\"> </span>1.87 %To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _231\"> </span>204,803,056 <span class=\"_ _ac\"> </span>7<span class=\"_ _8\"></span>6.07 %207Not<span class=\"_ _0\"></span>e 15 \u2013 Other non-cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t liabilities a<span class=\"_ _0\"></span>nd non-curr<span class=\"_ _0\"></span>ent liabiliti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o gr<span class=\"_ _0\"></span>oup companie<span class=\"_ _0\"></span>sThe e<span class=\"_ _0\"></span>xtern<span class=\"_ _0\"></span>al long-t<span class=\"_ _8\"></span>erm loans ar<span class=\"_ _0\"></span>e dr<span class=\"_ _0\"></span>awn under a EUR 400 million multi-curr<span class=\"_ _8\"></span>ency re<span class=\"_ _0\"></span>volving cr<span class=\"_ _0\"></span>edit f<span class=\"_ _0\"></span>acility. The f<span class=\"_ _8\"></span>acility is avail<span class=\"_ _0\"></span>able until 3<span class=\"_ _0\"></span>1.05.2025.Non-curr<span class=\"_ _0\"></span>ent liabilitie<span class=\"_ _0\"></span>s to fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _0\"></span>nstit<span class=\"_ _0\"></span>utions2022<span class=\"_ _2fd\"> </span>2021EUR<span class=\"_ _5d\"> </span>305,000<span class=\"_ _27e\"> </span>170,000To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2ee\"> </span>305,000<span class=\"_ _32a\"> </span>170,000Amounts ar<span class=\"_ _8\"></span>e shown net of pr<span class=\"_ _0\"></span>epaid tr<span class=\"_ _8\"></span>ansaction cos<span class=\"_ _0\"></span>ts, which e<span class=\"_ _0\"></span>xplains the diff<span class=\"_ _8\"></span>er<span class=\"_ _0\"></span>ence against liabilities in t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet.As of 31.12.22, Elop<span class=\"_ _0\"></span>ak ASA ha<span class=\"_ _0\"></span>s met all coven<span class=\"_ _0\"></span>ants r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he syndicat<span class=\"_ _8\"></span>e loan f<span class=\"_ _0\"></span>acility.Non-curr<span class=\"_ _0\"></span>ent liabilitie<span class=\"_ _0\"></span>s to Gr<span class=\"_ _8\"></span>oup companies2022<span class=\"_ _2fd\"> </span>2021ZAO Elop<span class=\"_ _0\"></span>ak Rus<span class=\"_ _0\"></span>sia<span class=\"_ _56\"> </span>-<span class=\"_ _199\"> </span>10,08<span class=\"_ _0\"></span>7To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _279\"> </span>-<span class=\"_ _bc\"> </span>10,087Not<span class=\"_ _0\"></span>e 16 \u2013 Guar<span class=\"_ _0\"></span>ant<span class=\"_ _8\"></span>ee obligations2022<span class=\"_ _2fd\"> </span>2021Guaran<span class=\"_ _0\"></span>tees i<span class=\"_ _0\"></span>ssued f<span class=\"_ _0\"></span>or subsidiaries and a<span class=\"_ _0\"></span>ssociat<span class=\"_ _0\"></span>ed companies<span class=\"_ _325\"> </span>16,050<span class=\"_ _dc\"> </span>33,219Other guar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ees<span class=\"_ _222\"> </span>2,010<span class=\"_ _2c2\"> </span>2,456To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1a7\"> </span>18,060<span class=\"_ _bc\"> </span>35,675Not<span class=\"_ _0\"></span>e 17 -Commitmen<span class=\"_ _0\"></span>ts and contin<span class=\"_ _0\"></span>gencie<span class=\"_ _0\"></span>s2022<span class=\"_ _2fd\"> </span>2021Commitments f<span class=\"_ _8\"></span>or acquisition of goods<span class=\"_ _ae\"> </span>18,692<span class=\"_ _202\"> </span>22,866T<span class=\"_ _1\"></span>otal commitments<span class=\"_ _111\"> </span>18,6<span class=\"_ _0\"></span>92<span class=\"_ _bc\"> </span>22,866208ElopakNot<span class=\"_ _0\"></span>e 18 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agementCurr<span class=\"_ _0\"></span>ency risk<span class=\"_ _0\"></span>sElopak ASA's cur<span class=\"_ _0\"></span>rency e<span class=\"_ _8\"></span>xposur<span class=\"_ _8\"></span>e are limit<span class=\"_ _8\"></span>ed because pur<span class=\"_ _8\"></span>chase<span class=\"_ _0\"></span>s and sale<span class=\"_ _0\"></span>s are m<span class=\"_ _8\"></span>ade mainly in the s<span class=\"_ _0\"></span>ame curr<span class=\"_ _0\"></span>ency (EUR).Accor<span class=\"_ _8\"></span>ding t<span class=\"_ _0\"></span>o the hedging s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, Elopak ASA has r<span class=\"_ _8\"></span>olling hedge<span class=\"_ _0\"></span>s over 18 mon<span class=\"_ _0\"></span>ths, which sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e 90% of the e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e in the 1st quar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er and ther<span class=\"_ _8\"></span>eaf<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>alls linearly e<span class=\"_ _0\"></span>ach quar<span class=\"_ _a\"></span>ter t<span class=\"_ _8\"></span>o 15% in the 6th quarter<span class=\"_ _8\"></span>. The hedges ar<span class=\"_ _8\"></span>e based on e<span class=\"_ _8\"></span>xpectations f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash flow<span class=\"_ _0\"></span>s for pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>es.Elopak ASA i<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>gist<span class=\"_ _8\"></span>ered as a bor<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>wer f<span class=\"_ _0\"></span>or the Gr<span class=\"_ _8\"></span>oup's long-ter<span class=\"_ _0\"></span>m loan f<span class=\"_ _0\"></span>acility of Eur<span class=\"_ _8\"></span>o 400 million (see not<span class=\"_ _8\"></span>e 15).Lar<span class=\"_ _0\"></span>ger pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es of m<span class=\"_ _0\"></span>achiner<span class=\"_ _a\"></span>y and equipment ar<span class=\"_ _0\"></span>e also s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>ed in full f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he time of or<span class=\"_ _0\"></span>dering. Elopak m<span class=\"_ _0\"></span>ainly use<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>d contr<span class=\"_ _8\"></span>acts by hedging. Thi<span class=\"_ _0\"></span>s kind of instr<span class=\"_ _0\"></span>ument is be<span class=\"_ _0\"></span>st suit<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or Elopak ba<span class=\"_ _0\"></span>sed on an ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of cos<span class=\"_ _0\"></span>t and administ<span class=\"_ _0\"></span>ration.Curr<span class=\"_ _0\"></span>ency contr<span class=\"_ _8\"></span>acts at the end of the y<span class=\"_ _0\"></span>ear 2022<span class=\"_ _151\"> </span>2021Currenc<span class=\"_ _0\"></span>y <span class=\"_ _1b1\"> </span>Forwar<span class=\"_ _0\"></span>d position in curr<span class=\"_ _0\"></span>ency<span class=\"_ _b\"> </span>Forward po<span class=\"_ _0\"></span>sition in EUR<span class=\"_ _32c\"> </span>F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _0\"></span>d position in cur<span class=\"_ _0\"></span>rency<span class=\"_ _b\"> </span><span class=\"ls0 ws0\">Forwar<span class=\"_ _0\"></span>d position in EUR</span>NOK<span class=\"_ _141\"> </span>255<span class=\"_ _1d7\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _242\"> </span></span>256<span class=\"_ _95\"> </span><span class=\"lsb ws8c\">26</span>JPY<span class=\"_ _2da\"> </span>9,462<span class=\"_ _1d7\"> </span><span class=\"lsb2 ws1d2\">67<span class=\"_ _29f\"> </span></span>3,928<span class=\"_ _293\"> </span>30Net purch<span class=\"_ _0\"></span>ases <span class=\"_ _32d\"> </span>92<span class=\"_ _32c\"> </span>Net purch<span class=\"_ _0\"></span>ases <span class=\"_ _32d\"> </span>56Net sales <span class=\"_ _d7\"> </span>-<span class=\"_ _32c\"> </span>Net sales <span class=\"_ _328\"> </span>-92<span class=\"_ _32e\"> </span>56Elopak ASA h<span class=\"_ _0\"></span>as als<span class=\"_ _0\"></span>o ent<span class=\"_ _0\"></span>ered in<span class=\"_ _0\"></span>to f<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>d contr<span class=\"_ _0\"></span>acts on beh<span class=\"_ _0\"></span>alf of subsidiarie<span class=\"_ _0\"></span>s, wher<span class=\"_ _0\"></span>e an ext<span class=\"_ _8\"></span>ernal position i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>eflected t<span class=\"_ _8\"></span>owar<span class=\"_ _0\"></span>ds sub<span class=\"_ _0\"></span>sidiaries. Thi<span class=\"_ _0\"></span>s gives no net e<span class=\"_ _8\"></span>xposur<span class=\"_ _8\"></span>e, and these con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e not reflect<span class=\"_ _8\"></span>ed in the matrix abo<span class=\"_ _0\"></span>ve. 209Not<span class=\"_ _0\"></span>e 18 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>At the end of 2022, t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of Elopak ASA's c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ency derivativ<span class=\"_ _0\"></span>es amounts t<span class=\"_ _8\"></span>o a liability of EUR 0,5 million (a liability of EUR 0,6 million in 2021).Int<span class=\"_ _8\"></span>erest r<span class=\"_ _8\"></span>ate ris<span class=\"_ _0\"></span>kAs mentioned under cur<span class=\"_ _0\"></span>rency ri<span class=\"_ _0\"></span>sk, Elopak ASA i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>egist<span class=\"_ _8\"></span>ered a<span class=\"_ _0\"></span>s a borr<span class=\"_ _0\"></span>ower f<span class=\"_ _8\"></span>or the Gr<span class=\"_ _0\"></span>oup's long-t<span class=\"_ _8\"></span>erm loan f<span class=\"_ _0\"></span>acility of EUR 400 million (see note 15). The lo<span class=\"_ _0\"></span>an has a flo<span class=\"_ _0\"></span>ating int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>ate. The Compan<span class=\"_ _0\"></span>y's int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate ri<span class=\"_ _0\"></span>sk is m<span class=\"_ _0\"></span>ainly rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to mo<span class=\"_ _0\"></span>vements in t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate on t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>xtern<span class=\"_ _8\"></span>al loan. T<span class=\"_ _1\"></span>o m<span class=\"_ _0\"></span>anage t<span class=\"_ _0\"></span>his ri<span class=\"_ _0\"></span>sk, Elopak ASA h<span class=\"_ _0\"></span>as ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed int<span class=\"_ _0\"></span>o int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate sw<span class=\"_ _0\"></span>ap agr<span class=\"_ _0\"></span>eements.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>atives20222021NominalRe<span class=\"_ _0\"></span>al valueNominalRe<span class=\"_ _0\"></span>al valuevalueEURvalueEUREUR<span class=\"_ _28\"> </span>120,000<span class=\"_ _84\"> </span>7,063<span class=\"_ _2b\"> </span>140,000<span class=\"_ _12a\"> </span>-1,811To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _302\"> </span>7,063<span class=\"_ _310\"> </span>-1,811P<span class=\"_ _0\"></span>ositive value<span class=\"_ _0\"></span>s repr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t an asset.Cr<span class=\"_ _0\"></span>edit riskElopak actively u<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>vail<span class=\"_ _0\"></span>able credit ri<span class=\"_ _0\"></span>sk as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment services. Thr<span class=\"_ _8\"></span>ough its busines<span class=\"_ _0\"></span>s model, Elopak ASA h<span class=\"_ _0\"></span>as limit<span class=\"_ _0\"></span>ed ext<span class=\"_ _8\"></span>ernal cr<span class=\"_ _0\"></span>edit e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e. There i<span class=\"_ _0\"></span>s no hist<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y of losse<span class=\"_ _0\"></span>s on accounts r<span class=\"_ _0\"></span>eceivable. Ther<span class=\"_ _8\"></span>e is no significan<span class=\"_ _0\"></span>t risk as<span class=\"_ _0\"></span>sociat<span class=\"_ _8\"></span>ed with guar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ees i<span class=\"_ _0\"></span>ssued.Commodity price riskElopak ASA's bu<span class=\"_ _0\"></span>siness need<span class=\"_ _0\"></span>s ongoin<span class=\"_ _0\"></span>g supplies of aluminium and poly<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>ylene. Based on 12month<span class=\"_ _0\"></span>s' expect<span class=\"_ _8\"></span>ed consumption included Elopak ASA c<span class=\"_ _0\"></span>ommodity price contr<span class=\"_ _0\"></span>acts t<span class=\"_ _0\"></span>o man<span class=\"_ _0\"></span>age thi<span class=\"_ _0\"></span>s risk.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>atives202220212022Re<span class=\"_ _0\"></span>al value2021Re<span class=\"_ _0\"></span>al valueTo<span class=\"_ _16\"></span>n<span class=\"_ _2\"> </span>sEURTo<span class=\"_ _16\"></span>n<span class=\"_ _2\"> </span>sEURAluminium<span class=\"_ _eb\"> </span>8,400<span class=\"_ _12a\"> </span> (7<span class=\"_ _1\"></span>43)<span class=\"_ _84\"> </span>2,700<span class=\"_ _df\"> </span>219P<span class=\"_ _0\"></span>olyetylen<span class=\"_ _291\"> </span>13,000<span class=\"_ _153\"> </span> (2,57<span class=\"_ _8\"></span>6)<span class=\"_ _7f\"> </span>7,800<span class=\"_ _7f\"> </span>5,084To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _232\"> </span> (3,319)<span class=\"_ _330\"> </span>5,303P<span class=\"_ _0\"></span>ositive value<span class=\"_ _0\"></span>s repr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t an asset ; negativ<span class=\"_ _0\"></span>e values r<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>sent a liability<span class=\"_ _0\"></span>.210<span class=\"_ _3f\"> </span><span class=\"ff5\">Elopak</span>\u2013 Sub<span class=\"_ _0\"></span>sequent ev<span class=\"_ _0\"></span>entsOn F<span class=\"_ _0\"></span>ebruar<span class=\"_ _a\"></span>y 22, 2023, Elopak announced t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he sale of all Elopak's sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in its f<span class=\"_ _8\"></span>ormerR<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an subsidiary<span class=\"_ _0\"></span>, JSC Elopak ha<span class=\"_ _0\"></span>s been complet<span class=\"_ _0\"></span>ed and Elopak has t<span class=\"_ _0\"></span>hus fin<span class=\"_ _0\"></span>alized its div<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span><span class=\"ws0\">-</span>ment of its R<span class=\"_ _8\"></span>ussian oper<span class=\"_ _8\"></span>ations. R<span class=\"_ _0\"></span>eceipt of the pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e price r<span class=\"_ _0\"></span>emains pendin<span class=\"_ _0\"></span>g the due d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the variou<span class=\"_ _0\"></span>s instalmen<span class=\"_ _0\"></span>ts.211To the G<span class=\"_ _a\"></span>eneral Meet<span class=\"_ _a\"></span>ing of Elopak<span class=\"_ _a\"></span> ASAInde<span class=\"_ _0\"></span>penden<span class=\"_ _0\"></span>t Audit<span class=\"_ _8\"></span>or\u2019s Repo<span class=\"_ _0\"></span>rtReport on the Audit of the Financ<span class=\"_ _a\"></span>ial StatementsOpinionWe have a<span class=\"_ _a\"></span>udited the<span class=\"_ _a\"></span> financial<span class=\"_ _a\"></span> statements <span class=\"_ _a\"></span>of Elopak <span class=\"_ _a\"></span>ASA, which c<span class=\"_ _a\"></span>omprise:\u2022 <span class=\"_ _140\"> </span>the f<span class=\"_ _a\"></span>inancial s<span class=\"_ _a\"></span>tatements<span class=\"_ _a\"></span> of the p<span class=\"_ _a\"></span>arent compa<span class=\"_ _a\"></span>ny Elopak <span class=\"_ _a\"></span>ASA (the C<span class=\"_ _a\"></span>ompany)<span class=\"_ _a\"></span>, which compris<span class=\"_ _a\"></span>ethe stateme<span class=\"_ _a\"></span>nt of financ<span class=\"_ _a\"></span>ial pos<span class=\"_ _a\"></span>ition pr 31 D<span class=\"_ _a\"></span>ecember 20<span class=\"_ _a\"></span>2<span class=\"ls0 ws0\">2</span>, the stat<span class=\"_ _a\"></span>ement of pr<span class=\"_ _a\"></span>ofit a<span class=\"_ _a\"></span>nd loss andstatement o<span class=\"_ _a\"></span>f cash f<span class=\"_ _a\"></span>lows for the y<span class=\"_ _a\"></span>ear then en<span class=\"_ _a\"></span>ded, and n<span class=\"_ _a\"></span>otes to the f<span class=\"_ _a\"></span>inancia<span class=\"lsdd ws0\">l sta<span class=\"_ _a\"></span>tements, </span>including a<span class=\"_ _a\"></span> summary<span class=\"_ _a\"></span> of signif<span class=\"_ _a\"></span>icant acc<span class=\"_ _a\"></span>ounting po<span class=\"_ _a\"></span>licies, and\u2022 <span class=\"_ _140\"> </span>the c<span class=\"_ _a\"></span>onsolidat<span class=\"_ _a\"></span>ed financia<span class=\"_ _a\"></span>l statem<span class=\"_ _a\"></span>ents of Elo<span class=\"_ _a\"></span>pak ASA a<span class=\"_ _a\"></span>nd its subsid<span class=\"_ _a\"></span>iaries (the G<span class=\"_ _a\"></span>roup), wh<span class=\"_ _a\"></span>ichcomprise t<span class=\"_ _a\"></span>he <span class=\"ws267\">consol<span class=\"_ _a\"></span>idated </span>s<span class=\"_ _a\"></span>tatement of fi<span class=\"_ _a\"></span>nancial pos<span class=\"_ _a\"></span>ition as <span class=\"lsde ws268\">of<span class=\"ls0 ws0\"> </span></span>31 Dec<span class=\"_ _a\"></span>ember 202<span class=\"_ _a\"></span><span class=\"ls0 ws0\">2</span><span class=\"lsdd\">, </span><span class=\"ws267\">and </span><span class=\"lsdd\">the<span class=\"ls0 ws0\"> </span></span>consolidat<span class=\"_ _a\"></span>ed<span class=\"ls0 ws0\"> </span><span class=\"ws264\">statem<span class=\"_ _a\"></span>ent of c<span class=\"_ _a\"></span>omprehensive<span class=\"_ _a\"></span> income,<span class=\"_ _a\"></span> other compre<span class=\"_ _a\"></span>hensive inco<span class=\"_ _a\"></span>me, <span class=\"_ _a\"></span>statement o<span class=\"_ _a\"></span>f </span>changes <span class=\"_ _a\"></span>in equity a<span class=\"_ _a\"></span>nd state<span class=\"_ _a\"></span>ment of cash f<span class=\"_ _a\"></span>lows for th<span class=\"_ _a\"></span>e year then e<span class=\"_ _a\"></span>nded, and <span class=\"_ _a\"></span>notes to thefinancia<span class=\"_ _a\"></span>l statements<span class=\"_ _a\"></span>, includi<span class=\"_ _a\"></span>ng a summar<span class=\"_ _a\"></span>y of <span class=\"ws267\">materi<span class=\"_ _a\"></span>al<span class=\"ls0 ws0\"> </span>acc<span class=\"_ _a\"></span>ounting <span class=\"lsdf ws269\">pol<span class=\"_ _a\"></span>icies.<span class=\"_ _a\"></span><span class=\"ls0 ws0\"> </span></span></span>In o<span class=\"ws26a\">ur opini<span class=\"_ _a\"></span>on<span class=\"ls0 ws0\"> </span></span>\u2022 <span class=\"_ _140\"> </span><span class=\"lsda ws264\">the f<span class=\"_ _a\"></span>inancial s<span class=\"_ _a\"></span>tatements<span class=\"_ _a\"></span> comply w<span class=\"_ _a\"></span>ith applic<span class=\"_ _a\"></span>able statuto<span class=\"_ _a\"></span>ry requirem<span class=\"_ _a\"></span>ents,</span>\u2022 <span class=\"_ _140\"> </span>the f<span class=\"_ _a\"></span>inancial s<span class=\"_ _a\"></span>tatements<span class=\"_ _a\"></span> give a true an<span class=\"_ _a\"></span>d fair vie<span class=\"_ _a\"></span>w of the fin<span class=\"_ _a\"></span>ancial pos<span class=\"_ _a\"></span>ition of the C<span class=\"_ _a\"></span>ompany <span class=\"_ _a\"></span>as at31 Decemb<span class=\"_ _a\"></span>er 2022, a<span class=\"_ _a\"></span>nd its fin<span class=\"_ _a\"></span>ancial per<span class=\"_ _a\"></span>formance a<span class=\"_ _a\"></span>nd its cash fl<span class=\"_ _a\"></span>ows for t<span class=\"_ _a\"></span>he <span class=\"ws26a\">year then end<span class=\"_ _a\"></span>ed in </span>accordanc<span class=\"_ _a\"></span>e with Nor<span class=\"_ _a\"></span>wegian Acc<span class=\"_ _a\"></span>ounting Ac<span class=\"_ _a\"></span>t and acco<span class=\"_ _a\"></span>unting standar<span class=\"_ _a\"></span>ds and pr<span class=\"_ _a\"></span>actices<span class=\"_ _a\"></span> generallyaccepted in Norw<span class=\"_ _a\"></span>ay, and\u2022 <span class=\"_ _140\"> </span>the c<span class=\"_ _a\"></span>onsolidat<span class=\"_ _a\"></span>ed financia<span class=\"_ _a\"></span>l statem<span class=\"_ _a\"></span>ents give a<span class=\"_ _a\"></span> true and f<span class=\"_ _a\"></span>air view of t<span class=\"_ _a\"></span>he financi<span class=\"_ _a\"></span>al position<span class=\"_ _a\"></span> of theGroup as at<span class=\"_ _a\"></span> 31 Decem<span class=\"_ _a\"></span>ber 2022,<span class=\"_ _a\"></span> and its fin<span class=\"_ _a\"></span>ancial perfo<span class=\"_ _a\"></span>rmance and <span class=\"_ _a\"></span>its cash f<span class=\"_ _a\"></span>lows for the y<span class=\"_ _a\"></span>earthen end<span class=\"_ _a\"></span>ed in accor<span class=\"_ _a\"></span>dance with <span class=\"_ _a\"></span>Internation<span class=\"_ _a\"></span>al Financia<span class=\"_ _a\"></span>l Report<span class=\"_ _a\"></span>ing Standar<span class=\"_ _a\"></span>ds as adopte<span class=\"_ _a\"></span>d by theEU.Our opini<span class=\"_ _a\"></span>on is cons<span class=\"_ _a\"></span>istent with our<span class=\"_ _a\"></span> addition<span class=\"_ _a\"></span>al report t<span class=\"_ _a\"></span>o the Audit C<span class=\"_ _a\"></span>ommittee.Basis for Opi<span class=\"_ _0\"></span>nionWe conduc<span class=\"_ _a\"></span>ted our au<span class=\"_ _a\"></span>dit in acc<span class=\"_ _a\"></span>ordance with <span class=\"_ _a\"></span>Internat<span class=\"_ _a\"></span>ional Standards<span class=\"_ _a\"></span> on Aud<span class=\"_ _a\"></span>iting (ISAs). O<span class=\"_ _a\"></span>urresponsib<span class=\"_ _a\"></span>ilities un<span class=\"_ _a\"></span>der those<span class=\"_ _a\"></span> standards ar<span class=\"_ _a\"></span>e further d<span class=\"_ _a\"></span>escribed in <span class=\"_ _a\"></span>the <span class=\"ff1b\">Au<span class=\"_ _a\"></span>ditor\u2019s Resp<span class=\"_ _a\"></span>onsibilities<span class=\"_ _a\"></span> for the </span>Audit of th<span class=\"_ _a\"></span>e Financi<span class=\"_ _a\"></span>al Statements<span class=\"_ _a\"></span><span class=\"ff18 ls0 ws0\"> </span><span class=\"ff18\">section <span class=\"_ _a\"></span>of our repor<span class=\"_ _a\"></span>t. We are<span class=\"ls0 ws0\"> </span>i<span class=\"_ _a\"></span>ndepende<span class=\"_ _a\"></span>nt of the Comp<span class=\"_ _a\"></span>any and t<span class=\"_ _a\"></span>he </span>Group as r<span class=\"_ _a\"></span>equired by<span class=\"_ _a\"></span> relevant <span class=\"_ _a\"></span>laws and re<span class=\"_ _a\"></span>gulations i<span class=\"_ _a\"></span>n Norway<span class=\"_ _a\"></span> and the In<span class=\"_ _a\"></span>ternation<span class=\"_ _a\"></span>al Ethics<span class=\"_ _a\"></span> StandardsBoard for <span class=\"_ _a\"></span>Accountant<span class=\"_ _a\"></span>s\u2019 Internat<span class=\"_ _a\"></span>ional Code <span class=\"_ _a\"></span>of Ethics for<span class=\"_ _a\"></span> Professi<span class=\"_ _a\"></span>onal Acc<span class=\"_ _a\"></span>ountants (inclu<span class=\"_ _a\"></span>dingInternatio<span class=\"_ _a\"></span>nal Indep<span class=\"_ _a\"></span>endence Sta<span class=\"_ _a\"></span>ndards) (IE<span class=\"_ _a\"></span>SBA Cod<span class=\"_ _a\"></span>e), and we h<span class=\"_ _a\"></span>ave fulf<span class=\"_ _a\"></span>illed our ot<span class=\"_ _a\"></span>her ethica<span class=\"_ _a\"></span>lresponsib<span class=\"_ _a\"></span>ilities in ac<span class=\"_ _a\"></span>cordan<span class=\"_ _a\"></span>ce with these<span class=\"_ _a\"></span> requirem<span class=\"_ _a\"></span>ents. We be<span class=\"_ _a\"></span>lieve tha<span class=\"_ _a\"></span>t the audit e<span class=\"_ _a\"></span>vidence w<span class=\"_ _a\"></span>e haveobtained is<span class=\"_ _a\"></span> sufficient<span class=\"_ _a\"></span> and appr<span class=\"_ _a\"></span>opriate to pr<span class=\"_ _a\"></span>ovide a b<span class=\"_ _a\"></span>asis for<span class=\"_ _a\"></span> our opinion.To the bes<span class=\"_ _a\"></span>t of our<span class=\"ls0 ws0\"> </span>kn<span class=\"_ _a\"></span>owledge a<span class=\"_ _a\"></span>nd belief, no <span class=\"_ _a\"></span>prohibited<span class=\"_ _a\"></span> non<span class=\"ls0 ws0\">-</span>aud<span class=\"_ _a\"></span>it services r<span class=\"_ _a\"></span>eferred to i<span class=\"_ _a\"></span>n the AuditRegulation<span class=\"_ _a\"></span> (537/20<span class=\"_ _a\"></span>14) Artic<span class=\"_ _a\"></span>le 5.1 have b<span class=\"_ _a\"></span>een provid<span class=\"_ _a\"></span>ed.We have b<span class=\"_ _a\"></span>een the au<span class=\"_ _a\"></span>ditor of th<span class=\"_ _a\"></span>e Company<span class=\"_ _a\"></span> for 4 year<span class=\"_ _a\"></span><span class=\"ls0 ws0\">s </span>from the e<span class=\"_ _a\"></span>lection by<span class=\"_ _a\"></span> the general <span class=\"_ _a\"></span>meeting o<span class=\"_ _a\"></span>f theshareho<span class=\"_ _a\"></span>lders on 10 A<span class=\"_ _a\"></span>pril 2019 for<span class=\"_ _a\"></span> the acc<span class=\"_ _a\"></span>ounting year<span class=\"_ _a\"></span> 2019.Pricewater<span class=\"_ _0\"></span>houseCooper<span class=\"_ _0\"></span>s AS, Dronnin<span class=\"_ _0\"></span>g Eufemias <span class=\"_ _0\"></span>gate 71, Postb<span class=\"_ _0\"></span>oks 748 Sentr<span class=\"_ _0\"></span>um, NO<span class=\"ls0 ws0\">-</span>010<span class=\"_ _0\"></span>6 Oslo<span class=\"ls0 ws0\"> </span>T: 02316, org. no.: 987 009 71<span class=\"_ _0\"></span>3 M<span class=\"_ _a\"></span>VA, www<span class=\"_ _0\"></span>.pwc.no212<span class=\"_ _ed\"> </span><span class=\"ff8\">Elopak</span>Statsautori<span class=\"_ _0\"></span>serte revi<span class=\"_ _0\"></span>sorer, medlem<span class=\"_ _0\"></span>mer av Den no<span class=\"_ _0\"></span>rske Revis<span class=\"_ _0\"></span>orforening og a<span class=\"_ _0\"></span>utorisert r<span class=\"_ _0\"></span>egnskapsf\u00f8r<span class=\"_ _0\"></span>erselskap<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span>Key Audit <span class=\"_ _a\"></span>MattersKey audit<span class=\"_ _a\"></span> matters are t<span class=\"_ _a\"></span>hose matt<span class=\"_ _a\"></span>ers that, <span class=\"_ _a\"></span>in our profes<span class=\"_ _a\"></span>sional jud<span class=\"_ _a\"></span>gement, were<span class=\"_ _a\"></span> of mos<span class=\"_ _a\"></span>t significa<span class=\"_ _a\"></span>nce inour audit <span class=\"_ _a\"></span>of the fin<span class=\"_ _a\"></span>ancial stat<span class=\"_ _a\"></span>ements of the c<span class=\"_ _a\"></span>urrent p<span class=\"_ _a\"></span>eriod. These <span class=\"_ _a\"></span>matters w<span class=\"_ _a\"></span>ere addr<span class=\"_ _a\"></span>essed in thecontext of<span class=\"_ _a\"></span> our audit of<span class=\"_ _a\"></span> the financ<span class=\"_ _a\"></span>ial statem<span class=\"_ _a\"></span>ents as a wh<span class=\"_ _a\"></span>ole, and i<span class=\"_ _a\"></span>n forming our<span class=\"_ _a\"></span> opinion <span class=\"_ _a\"></span>thereon, and<span class=\"_ _a\"></span> wedo not prov<span class=\"_ _a\"></span>ide a sep<span class=\"_ _a\"></span>arate opin<span class=\"_ _a\"></span>ion on these <span class=\"_ _a\"></span>matters<span class=\"_ _a\"></span>.Customer c<span class=\"_ _a\"></span>ontracts<span class=\"_ _a\"></span> \u2013 Point in t<span class=\"_ _a\"></span>ime vs over<span class=\"_ _a\"></span> time<span class=\"ff1c ls0 ws267\"> w<span class=\"lsda\">as</span><span class=\"ws0\"> </span></span><span class=\"ff1c\">id<span class=\"_ _a\"></span>entified as a<span class=\"_ _a\"></span> key audit <span class=\"_ _a\"></span>matter duri<span class=\"_ _a\"></span>ng the 202<span class=\"lsde ws268\">1 </span></span>audit and <span class=\"_ _a\"></span>is also co<span class=\"_ _a\"></span>nsidered a k<span class=\"_ _a\"></span>ey audit ma<span class=\"_ _a\"></span>tter this y<span class=\"_ _a\"></span>ear. We als<span class=\"_ _a\"></span>o focuse<span class=\"_ _a\"></span>d on <span class=\"ff1e ls0 ws0\">A</span><span class=\"ff1e\">ccount<span class=\"_ _a\"></span>ing for b<span class=\"_ _a\"></span>usiness </span>acquisitio<span class=\"_ _a\"></span>n <span class=\"ff1c\">and </span><span class=\"ws26a\">Acc<span class=\"_ _a\"></span>ounting for </span>dives<span class=\"_ _a\"></span>tment<span class=\"ff1c ls0 ws0\"> <span class=\"lsda ws264\">as th<span class=\"_ _a\"></span>ese are <span class=\"ws267\">non</span></span>-<span class=\"_ _a\"></span><span class=\"lsdc ws266\">recurri<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\"> <span class=\"lsda ws264\">eve<span class=\"_ _a\"></span>nts which may<span class=\"_ _a\"></span> be compl<span class=\"_ _a\"></span>ex </span></span></span></span>and <span class=\"ws264\">requ<span class=\"_ _a\"></span>ire applicat<span class=\"_ _a\"></span>ion of </span>mana<span class=\"_ _a\"></span>gement<span class=\"ls0 ws0\"> </span>j<span class=\"_ _a\"></span>udgment<span class=\"lse1 ws26d\">. </span>Key Aud<span class=\"ws26a\">it Mat<span class=\"_ _a\"></span>ters<span class=\"ff1c fc5 ls0 ws0\"> </span></span>How our audit a<span class=\"_ _0\"></span>ddressed the Key Audit MatterCustomer c<span class=\"_ _a\"></span>ontracts <span class=\"_ _a\"></span><span class=\"ls0 ws0\">\u2013 </span>Point in t<span class=\"_ _a\"></span>ime vs overtimeThe maj<span class=\"_ _a\"></span>ority of <span class=\"lsda ws264\">the Gr<span class=\"_ _a\"></span>oup's r<span class=\"_ _a\"></span>evenues and </span>We underst<span class=\"_ _a\"></span>ood, evaluated<span class=\"lse3 ws26f\">, <span class=\"_ _a\"></span></span><span class=\"ws264\">and tested <span class=\"_ _a\"></span>internal </span>profits ar<span class=\"_ _a\"></span>e derived fro<span class=\"_ _a\"></span>m cus<span class=\"_ _a\"></span>tomer contrac<span class=\"_ _a\"></span>ts control ac<span class=\"_ _a\"></span>tivities re<span class=\"_ _a\"></span>lated to <span class=\"_ _a\"></span>whether the<span class=\"_ _a\"></span> transfer <span class=\"_ _a\"></span>offor sale of<span class=\"_ _a\"></span> cartons.control is<span class=\"_ _a\"></span> satisfied<span class=\"_ _a\"></span> over tim<span class=\"_ _a\"></span>e or at<span class=\"ls0 ws0\"> </span>a poin<span class=\"_ _a\"></span>t in time.The Group<span class=\"_ _a\"></span> recognises<span class=\"_ _a\"></span> revenue <span class=\"_ _a\"></span>upon We tested <span class=\"_ _a\"></span>manageme<span class=\"_ _a\"></span>nt's as<span class=\"_ _a\"></span>sessment of w<span class=\"_ _a\"></span>hethertransfer of c<span class=\"_ _a\"></span>ontrol of <span class=\"_ _a\"></span>a performanc<span class=\"_ _a\"></span>e the carto<span class=\"_ _a\"></span>ns had alter<span class=\"_ _a\"></span>native us<span class=\"_ _a\"></span>e and whether <span class=\"_ _a\"></span>thereobligatio<span class=\"_ _a\"></span>n. Revenu<span class=\"_ _a\"></span>e is recognise<span class=\"_ _a\"></span>d over t<span class=\"_ _a\"></span>ime was an enfor<span class=\"_ _a\"></span>ceable r<span class=\"_ _a\"></span>ight to pay<span class=\"_ _a\"></span>ment by w<span class=\"_ _a\"></span>ay ofin situat<span class=\"_ _a\"></span>ions where <span class=\"_ _a\"></span>the customer<span class=\"_ _a\"></span> samplin<span class=\"_ _a\"></span>g new and a<span class=\"_ _a\"></span>mended cus<span class=\"_ _a\"></span>tomer contr<span class=\"_ _a\"></span>acts.simultan<span class=\"_ _a\"></span>eously receives a<span class=\"_ _a\"></span>nd consum<span class=\"_ _a\"></span>es the This inc<span class=\"_ _a\"></span>luded testin<span class=\"_ _a\"></span>g whether<span class=\"_ _a\"></span> customers\u2019servic<span class=\"_ _a\"></span>es provided, or<span class=\"_ _a\"></span> where goo<span class=\"_ _a\"></span>ds are speci<span class=\"_ _0\"></span>fica<span class=\"lsda ws264\">tions for pr<span class=\"_ _a\"></span>inting a<span class=\"_ _a\"></span>nd labellin<span class=\"_ _a\"></span>g are def<span class=\"_ _a\"></span>ined </span>produce<span class=\"_ _a\"></span>d without a<span class=\"_ _a\"></span>lternative us<span class=\"_ _a\"></span>e and the in the cus<span class=\"_ _a\"></span>tomer contr<span class=\"_ _a\"></span>act. If s<span class=\"_ _a\"></span>o, this resulte<span class=\"_ _a\"></span>d in theGroup has <span class=\"_ _a\"></span>an enforcea<span class=\"_ _a\"></span>ble right<span class=\"_ _a\"></span> to payme<span class=\"_ _a\"></span>nt view that n<span class=\"_ _a\"></span>o alternat<span class=\"_ _a\"></span>ive use of<span class=\"_ _a\"></span> such carto<span class=\"_ _a\"></span>ns wasfor work per<span class=\"_ _a\"></span>formed.deemed pos<span class=\"_ _a\"></span>sible. It a<span class=\"_ _a\"></span>lso inc<span class=\"_ _a\"></span>luded testing <span class=\"_ _a\"></span>ofwhether the<span class=\"_ _a\"></span> contracts<span class=\"_ _a\"></span> contained c<span class=\"_ _a\"></span>ancellat<span class=\"_ _a\"></span>ionWhether tra<span class=\"_ _a\"></span>nsfer of co<span class=\"_ _a\"></span>ntrol <span class=\"_ _a\"></span>is satisfied <span class=\"_ _a\"></span>overprovisio<span class=\"_ _a\"></span>ns and whe<span class=\"_ _a\"></span>ther legal reg<span class=\"_ _a\"></span>ulations i<span class=\"_ _a\"></span>n thetime or at<span class=\"_ _a\"></span> a point in t<span class=\"_ _a\"></span>ime rely<span class=\"_ _a\"></span> on complexrelevant c<span class=\"_ _a\"></span>ountries a<span class=\"_ _a\"></span>llowed <span class=\"_ _a\"></span>cancellation. <span class=\"_ _a\"></span><span class=\"lsdd ws0\">If so, this </span>assessment<span class=\"_ _a\"></span>s of account<span class=\"_ _a\"></span>ing, contrac<span class=\"_ _a\"></span>tualresulted i<span class=\"_ _a\"></span>n the view<span class=\"_ _a\"></span> that<span class=\"ls0 ws0\"> </span>an <span class=\"_ _a\"></span>enforceabl<span class=\"_ _a\"></span>e right toterms an<span class=\"_ _a\"></span>d legal reg<span class=\"_ _a\"></span>ulations<span class=\"_ _a\"></span> in each cou<span class=\"_ _a\"></span>ntrypayment ex<span class=\"_ _a\"></span>isted.the Grou<span class=\"_ _a\"></span>p operates. <span class=\"_ _a\"></span>Due to this<span class=\"_ _a\"></span> complexity,we asses<span class=\"_ _a\"></span>sed this to <span class=\"_ _a\"></span>be a key aud<span class=\"_ _a\"></span>it matter.Revenue for<span class=\"_ _a\"></span> cartons<span class=\"_ _a\"></span> with no alter<span class=\"_ _a\"></span>native us<span class=\"_ _a\"></span>e shouldbe recog<span class=\"_ _a\"></span>nised over t<span class=\"_ _a\"></span>ime. We teste<span class=\"_ _a\"></span>d whether s<span class=\"_ _a\"></span>uchWe refer to <span class=\"_ _a\"></span>note 5 R<span class=\"_ _a\"></span>evenues, to<span class=\"ls0 ws0\"> <span class=\"lsda ws267\">the </span></span>cartons<span class=\"ls0 ws0\"> </span><span class=\"ws264\">had<span class=\"_ _a\"></span> been appr<span class=\"_ _a\"></span>opriately r<span class=\"_ _a\"></span>ecognise<span class=\"_ _a\"></span>d over </span>consolidat<span class=\"_ _a\"></span>ed financ<span class=\"_ _a\"></span>ial state<span class=\"_ _a\"></span>ments, wheretime by s<span class=\"_ _a\"></span>ampling<span class=\"ls0 ws0\"> </span>whet<span class=\"_ _a\"></span>her finis<span class=\"_ _a\"></span>hed goods w<span class=\"_ _a\"></span>eremanagement<span class=\"_ _a\"></span> explains <span class=\"lsda ws264\">their<span class=\"_ _a\"></span> accounting </span>included<span class=\"_ _a\"></span> in inventory<span class=\"_ _a\"></span>.policies f<span class=\"_ _a\"></span>or <span class=\"lsda ws264\">revenu<span class=\"_ _a\"></span>e recognition<span class=\"_ _a\"></span>.</span>We found n<span class=\"_ _a\"></span>o materi<span class=\"_ _a\"></span>al errors thr<span class=\"_ _a\"></span>ough our tes<span class=\"_ _a\"></span>ting.Finally, w<span class=\"_ _a\"></span>e consider<span class=\"_ _a\"></span>ed the adeq<span class=\"_ _a\"></span>uacy of <span class=\"_ _a\"></span>disclosuresin the notes<span class=\"_ _a\"></span> and foun<span class=\"_ _a\"></span>d them ap<span class=\"_ _a\"></span>propriate.Acco<span class=\"lsda ws264\">unting for bus<span class=\"_ _a\"></span>iness ac<span class=\"_ _a\"></span>quisition<span class=\"_ _a\"></span><span class=\"fc5 ls0 ws0\"> </span></span>During th<span class=\"_ _a\"></span>e past year<span class=\"_ _a\"></span>, Elopak<span class=\"_ _a\"></span> ASA has mad<span class=\"_ _a\"></span>e We reviewe<span class=\"_ _a\"></span>d and eva<span class=\"_ _a\"></span>luated the<span class=\"_ _a\"></span> acquisitiontwo busines<span class=\"_ _a\"></span>s acquisit<span class=\"_ _a\"></span>ions, <span class=\"_ _a\"></span>of which the analys<span class=\"_ _a\"></span>is and focused on how manageme<span class=\"_ _a\"></span>ntacquisitio<span class=\"_ _a\"></span>n of Natur<span class=\"_ _a\"></span>epak Bev<span class=\"_ _a\"></span>erage identifie<span class=\"_ _a\"></span>d goodwill a<span class=\"_ _a\"></span>nd other<span class=\"_ _a\"></span> intangible ass<span class=\"_ _a\"></span>ets. ToPackaging <span class=\"_ _a\"></span>Co Ltd w<span class=\"_ _a\"></span>as the most s<span class=\"_ _a\"></span>ignificant.challeng<span class=\"_ _a\"></span>e management<span class=\"_ _a\"></span>'s judgem<span class=\"_ _a\"></span>ent, weperforme<span class=\"_ _a\"></span>d, among o<span class=\"_ _a\"></span>ther, the fo<span class=\"_ _a\"></span>llowing a<span class=\"_ _a\"></span>uditprocedures<span class=\"_ _a\"></span>:2 <span class=\"lsdd ws264\">/ <span class=\"lsde ws268\">7 </span></span>213For each b<span class=\"_ _a\"></span>usiness<span class=\"_ _a\"></span> combination<span class=\"_ _a\"></span>, \u2022 <span class=\"_ _140\"> </span>O<span class=\"_ _a\"></span>btained the acquis<span class=\"_ _a\"></span>ition agreeme<span class=\"_ _a\"></span>nts andmanagement<span class=\"_ _a\"></span> prepared an acquis<span class=\"_ _a\"></span>ition evaluated<span class=\"_ _a\"></span> the terms o<span class=\"_ _a\"></span>f the agr<span class=\"_ _a\"></span>eements fr<span class=\"_ _a\"></span>om ananalys<span class=\"_ _a\"></span>is in which the <span class=\"_ _a\"></span>differe<span class=\"_ _a\"></span>nce between ne<span class=\"_ _a\"></span>t accounti<span class=\"_ _a\"></span>ng perspective<span class=\"_ _a\"></span>.assets<span class=\"_ _a\"></span> in the acquire<span class=\"_ _a\"></span>d company a<span class=\"_ _a\"></span>nd \u2022 <span class=\"_ _140\"> </span>Ex<span class=\"_ _a\"></span>amined mana<span class=\"_ _a\"></span>gement\u2019s<span class=\"_ _a\"></span> methods an<span class=\"_ _a\"></span>dpurchase pr<span class=\"_ _a\"></span>ice was a<span class=\"_ _a\"></span>llocated to<span class=\"_ _a\"></span> identified assumpti<span class=\"_ _a\"></span>ons for ident<span class=\"_ _a\"></span>ifying <span class=\"_ _a\"></span>intangible ass<span class=\"_ _a\"></span>etsassets<span class=\"_ _a\"></span> in the acquire<span class=\"_ _a\"></span>d company. Custom<span class=\"_ _a\"></span>er such as cu<span class=\"_ _0\"></span><span class=\"lsda ws26a\">stomer re<span class=\"_ _a\"></span>lationships, and or<span class=\"_ _a\"></span>der </span>relationsh<span class=\"_ _a\"></span>ips and or<span class=\"_ _a\"></span>der backlog w<span class=\"_ _a\"></span>ere backlog,<span class=\"_ _a\"></span> and the a<span class=\"_ _a\"></span>llocation of s<span class=\"_ _a\"></span>urplus valu<span class=\"_ _a\"></span>es toamong th<span class=\"_ _a\"></span>e identifie<span class=\"_ _a\"></span>d assets<span class=\"_ _a\"></span>, as well as<span class=\"_ _a\"></span> these.goodwill.Addition<span class=\"_ _a\"></span>ally, we co<span class=\"_ _a\"></span>nfirmed the p<span class=\"_ _a\"></span>aid purchas<span class=\"_ _a\"></span>e priceTo determi<span class=\"_ _a\"></span>ne the va<span class=\"_ _a\"></span>lue of the iden<span class=\"_ _a\"></span>tified against b<span class=\"_ _a\"></span>ank accou<span class=\"_ _a\"></span>nt statements.intangibl<span class=\"_ _a\"></span>e assets, manage<span class=\"_ _a\"></span>ment usedjudgement <span class=\"_ _a\"></span>and perf<span class=\"_ _a\"></span>ormed comp<span class=\"_ _a\"></span>lex We also co<span class=\"_ _a\"></span>nsidered w<span class=\"_ _a\"></span>hether the <span class=\"_ _a\"></span>informatio<span class=\"_ _a\"></span>ncalculatio<span class=\"_ _a\"></span>ns based o<span class=\"_ _a\"></span>n estimates a<span class=\"_ _a\"></span>nd provided i<span class=\"_ _a\"></span>n the notes<span class=\"_ _a\"></span> to the ann<span class=\"_ _a\"></span>ual report <span class=\"_ _a\"></span>met theforecasts<span class=\"_ _a\"></span> of the acq<span class=\"_ _a\"></span>uired compa<span class=\"_ _a\"></span>nies\u2019 future requireme<span class=\"_ _a\"></span>nts in cur<span class=\"_ _a\"></span>rent acc<span class=\"_ _a\"></span>ounting stand<span class=\"_ _a\"></span>ards.development.<span class=\"_ _a\"></span> Customer r<span class=\"_ _a\"></span>elations<span class=\"_ _a\"></span>hips,unlike g<span class=\"_ _a\"></span>oodwill, are w<span class=\"_ _a\"></span>ritten <span class=\"_ _a\"></span>off over theirexpected usef<span class=\"_ _a\"></span>ul lives. An incor<span class=\"_ _a\"></span>rectdistributi<span class=\"_ _a\"></span>on of surpl<span class=\"_ _a\"></span>us value<span class=\"_ _a\"></span>s in theacquisitio<span class=\"_ _a\"></span>n analys<span class=\"_ _a\"></span>is may hav<span class=\"_ _a\"></span>e a significantimpact on <span class=\"_ _a\"></span>the financi<span class=\"_ _a\"></span>al stat<span class=\"_ _a\"></span>ements.Company ac<span class=\"_ _a\"></span>quisitio<span class=\"_ _a\"></span>ns can be compl<span class=\"_ _a\"></span>ex innature an<span class=\"_ _a\"></span>d the report<span class=\"_ _a\"></span>ing of suc<span class=\"_ _a\"></span>h eventsdepends o<span class=\"_ _a\"></span>n how the ac<span class=\"_ _a\"></span>quisiti<span class=\"_ _a\"></span>on agreementis designe<span class=\"_ _a\"></span>d and usu<span class=\"_ _a\"></span>ally on the usejudgement fr<span class=\"_ _a\"></span>om man<span class=\"_ _a\"></span>agement, wh<span class=\"_ _a\"></span>ich is whywe focus o<span class=\"_ _a\"></span>n this are<span class=\"_ _a\"></span>a.The Group<span class=\"_ _a\"></span>\u2019s disclos<span class=\"_ _a\"></span>ures and princ<span class=\"_ _a\"></span>iples forbusines<span class=\"_ _a\"></span>s combination<span class=\"_ _a\"></span> are des<span class=\"_ _a\"></span>cribed in note4 and not<span class=\"_ _a\"></span>e 21 to the<span class=\"_ _a\"></span> consolidated f<span class=\"_ _a\"></span>inancialstatement.Account<span class=\"_ _a\"></span>ing for dives<span class=\"_ _a\"></span>tmentIn July 2<span class=\"_ _a\"></span>022, Elopak<span class=\"_ _a\"></span> ASA annou<span class=\"_ _a\"></span>nced that <span class=\"_ _a\"></span>it We obtain<span class=\"_ _a\"></span>ed the doc<span class=\"_ _a\"></span>uments s<span class=\"_ _a\"></span>upporting thehad entered into<span class=\"_ _a\"></span> an agreement (SP<span class=\"_ _a\"></span>A)to s<span class=\"_ _a\"></span>ell divestme<span class=\"_ _a\"></span>nt to unders<span class=\"_ _a\"></span>tand the trans<span class=\"_ _a\"></span>action.<span class=\"_ _a\"></span> <span class=\"ws267\">To </span>JSC Elop<span class=\"_ _a\"></span>akto Packag<span class=\"_ _a\"></span>ing Management<span class=\"_ _a\"></span> and further d<span class=\"_ _a\"></span>eepen our u<span class=\"_ _a\"></span>nderstand<span class=\"_ _a\"></span>ing, we hel<span class=\"_ _a\"></span>dInvestin<span class=\"_ _a\"></span>g LLC. This<span class=\"_ _a\"></span> comp<span class=\"_ _a\"></span>any is<span class=\"_ _a\"></span> benef<span class=\"_ _a\"></span>icially<span class=\"_ _a\"></span> discuss<span class=\"_ _a\"></span>ions with man<span class=\"_ _a\"></span>agement a<span class=\"_ _a\"></span>bout the de<span class=\"_ _a\"></span>tailsowned by m<span class=\"_ _a\"></span>anagement<span class=\"_ _a\"></span> of JSC E<span class=\"_ _a\"></span>lopak. The and terms<span class=\"_ _a\"></span> in the agr<span class=\"_ _a\"></span>eement.completi<span class=\"_ _a\"></span>on of the sal<span class=\"_ _a\"></span>e is subj<span class=\"_ _a\"></span>ect to localOur disc<span class=\"_ _a\"></span>ussions inc<span class=\"_ _a\"></span>luded an un<span class=\"_ _a\"></span>derstandin<span class=\"_ _a\"></span>g ofgovernm<span class=\"_ _a\"></span>ental approv<span class=\"_ _a\"></span>al and was<span class=\"_ _a\"></span> notmanagement<span class=\"_ _a\"></span>\u2019s asses<span class=\"_ _a\"></span>sment of los<span class=\"_ _a\"></span>t control i<span class=\"_ _a\"></span>n JSCcomplete<span class=\"_ _a\"></span>d in 2022.Elopak acc<span class=\"_ _a\"></span>ording to IF<span class=\"_ _a\"></span>RS 10 fo<span class=\"_ _a\"></span>llowing the s<span class=\"_ _a\"></span>igningManagement<span class=\"_ _a\"></span> applied<span class=\"_ _a\"></span> judgement <span class=\"_ _a\"></span>to evaluate of the SPA<span class=\"_ _a\"></span>, the deco<span class=\"_ _a\"></span>nsolidatio<span class=\"_ _a\"></span>n and wheth<span class=\"_ _a\"></span>er thethe accounting tr<span class=\"_ _a\"></span>eatment,<span class=\"_ _a\"></span> as the SP<span class=\"_ _a\"></span>A terms Russian <span class=\"_ _a\"></span><span class=\"ws264\">business mee<span class=\"_ _a\"></span>ts the def<span class=\"_ _a\"></span>inition of a </span>imply tha<span class=\"_ _a\"></span>t Elopak A<span class=\"_ _a\"></span>SA lost <span class=\"_ _a\"></span>control of JSC<span class=\"_ _a\"></span> discont<span class=\"_ _a\"></span>inued operat<span class=\"_ _a\"></span>ion give<span class=\"_ _a\"></span>n its size andElopak o<span class=\"_ _a\"></span>n the date <span class=\"_ _a\"></span>it was si<span class=\"_ _a\"></span>gned and th<span class=\"_ _a\"></span>at importance <span class=\"_ _a\"></span>to the gr<span class=\"_ _a\"></span>oup.the compl<span class=\"_ _a\"></span>etion of th<span class=\"_ _a\"></span>e sale is s<span class=\"_ _a\"></span>ubject to loc<span class=\"_ _a\"></span>alOur proc<span class=\"_ _a\"></span>edures to eva<span class=\"_ _a\"></span>luate man<span class=\"_ _a\"></span>agement\u2019sgovernm<span class=\"_ _a\"></span>ental approv<span class=\"_ _a\"></span>al. The Rus<span class=\"_ _a\"></span>sian entityimpairment<span class=\"_ _a\"></span> assess<span class=\"_ _a\"></span>ment includ<span class=\"_ _a\"></span>ed challen<span class=\"_ _a\"></span>ging key3 <span class=\"lsdd ws264\">/ </span>7214<span class=\"_ _ed\"> </span><span class=\"ff8\">Elopak</span>was decons<span class=\"_ _a\"></span>olidated <span class=\"_ _a\"></span>and clas<span class=\"_ _a\"></span>sified as assumpti<span class=\"_ _a\"></span>ons such as the different poss<span class=\"_ _a\"></span>iblediscont<span class=\"_ _a\"></span>inued operat<span class=\"_ _a\"></span>ions on the d<span class=\"_ _a\"></span>ate of scenarios<span class=\"_ _a\"></span>: sale of s<span class=\"_ _a\"></span>hares, natio<span class=\"_ _a\"></span>nalisation<span class=\"_ _a\"></span> of assets<span class=\"_ _a\"></span>,signing t<span class=\"_ _a\"></span>he SPA. The f<span class=\"_ _a\"></span>inanc<span class=\"_ _a\"></span>ial statements<span class=\"_ _a\"></span> resuming o<span class=\"_ _a\"></span>perations, <span class=\"_ _a\"></span>and wind<span class=\"_ _a\"></span>ing downreport th<span class=\"_ _a\"></span>e \u201cDiscontin<span class=\"_ _a\"></span>ued oper<span class=\"_ _a\"></span>ations Russia\u201d<span class=\"_ _a\"></span> operatio<span class=\"_ _a\"></span>ns, and the w<span class=\"_ _a\"></span>eighting of<span class=\"_ _a\"></span> these s<span class=\"_ _a\"></span>cenarios.in the inc<span class=\"_ _a\"></span>ome stateme<span class=\"_ _a\"></span>nt which c<span class=\"_ _a\"></span>omprisesWe tested <span class=\"_ _a\"></span>and recalc<span class=\"_ _a\"></span>ulated man<span class=\"_ _a\"></span>agement\u2019sthe Results<span class=\"_ _a\"></span> from dis<span class=\"_ _a\"></span>continued o<span class=\"_ _a\"></span>perations,calculatio<span class=\"_ _a\"></span>n of the los<span class=\"_ _a\"></span>s on di<span class=\"_ _a\"></span>sposal, incl<span class=\"_ _a\"></span>uding thenet of tax u<span class=\"_ _a\"></span>p to the dat<span class=\"_ _a\"></span>e of dis<span class=\"_ _a\"></span>posal,impairment<span class=\"_ _a\"></span> charge rec<span class=\"_ _a\"></span>orded as<span class=\"_ _a\"></span> per date of <span class=\"_ _a\"></span>loss oftogether w<span class=\"_ _a\"></span>ith the Loss on s<span class=\"_ _a\"></span>ale.control, <span class=\"_ _a\"></span>based on our<span class=\"_ _a\"></span> unders<span class=\"_ _a\"></span>tanding of theUntil the c<span class=\"_ _a\"></span>ompletion o<span class=\"_ _a\"></span>f the s<span class=\"_ _a\"></span>ale, the fair supporting <span class=\"_ _a\"></span>document<span class=\"_ _a\"></span>ation and co<span class=\"_ _a\"></span>nsidered w<span class=\"_ _a\"></span>hethervalue of t<span class=\"_ _a\"></span>he shares<span class=\"_ _a\"></span> in JSC Elo<span class=\"_ _a\"></span>pak are management<span class=\"_ _a\"></span>'s calcul<span class=\"_ _a\"></span>ations appr<span class=\"_ _a\"></span>opriately<span class=\"_ _a\"></span> reflecte<span class=\"_ _a\"></span>dpresente<span class=\"_ _a\"></span>d as other cur<span class=\"_ _a\"></span>rent as<span class=\"_ _a\"></span>sets in the the terms<span class=\"_ _a\"></span> of the sale <span class=\"_ _a\"></span>and pur<span class=\"_ _a\"></span>chase agreem<span class=\"_ _a\"></span>ent inconsolidat<span class=\"_ _a\"></span>ed statem<span class=\"_ _a\"></span>ent of fi<span class=\"_ _a\"></span>nancial posit<span class=\"_ _a\"></span>ion. respect of t<span class=\"_ _a\"></span>he agree<span class=\"_ _a\"></span>d considerati<span class=\"_ _a\"></span>on from t<span class=\"_ _a\"></span>heManagement<span class=\"_ _a\"></span> applied<span class=\"_ _a\"></span> judgement <span class=\"_ _a\"></span>to estimate purchaser<span class=\"_ _a\"></span>. We also t<span class=\"_ _a\"></span>ested and rec<span class=\"_ _a\"></span>alculate<span class=\"_ _a\"></span>dthe fair v<span class=\"_ _a\"></span>alue as it re<span class=\"_ _a\"></span>flects c<span class=\"_ _a\"></span>onsiderati<span class=\"_ _a\"></span>ons of management<span class=\"_ _a\"></span>\u2019s calcu<span class=\"_ _a\"></span>lation of th<span class=\"_ _a\"></span>e fair valu<span class=\"_ _a\"></span>e as itcredit risk<span class=\"_ _a\"></span>, settlem<span class=\"_ _a\"></span>ent risk a<span class=\"_ _a\"></span>nd the pay<span class=\"_ _a\"></span>ment reflects c<span class=\"_ _a\"></span>onsiderat<span class=\"_ _a\"></span>ions of credit<span class=\"_ _a\"></span> risk, settl<span class=\"_ _a\"></span>ement riskprofile ov<span class=\"_ _a\"></span>er 5 years.and the <span class=\"_ _a\"></span>payment pro<span class=\"_ _a\"></span>file over 5 y<span class=\"_ _a\"></span>ears.Upon rec<span class=\"_ _a\"></span>lassifying t<span class=\"_ _a\"></span>he assets<span class=\"_ _a\"></span> and liabili<span class=\"_ _a\"></span>ties We found n<span class=\"_ _a\"></span>o materi<span class=\"_ _a\"></span>al errors thr<span class=\"_ _a\"></span>ough our tes<span class=\"_ _a\"></span>ting.as Shares<span class=\"_ _a\"></span> in JSC Elo<span class=\"_ _a\"></span>pak, mana<span class=\"_ _a\"></span>gement has Finally, w<span class=\"_ _a\"></span>e consider<span class=\"_ _a\"></span>ed the adequacy<span class=\"_ _a\"></span> of disclosur<span class=\"_ _a\"></span>esperforme<span class=\"_ _a\"></span>d an impairm<span class=\"_ _a\"></span>ent as<span class=\"_ _a\"></span>sessment of t<span class=\"_ _a\"></span>he in the notes<span class=\"_ _a\"></span> and foun<span class=\"_ _a\"></span>d them ap<span class=\"_ _a\"></span>propriate <span class=\"_ _a\"></span>and inRussian opera<span class=\"_ _a\"></span>tions. As the estima<span class=\"_ _a\"></span>ted fair accordanc<span class=\"_ _a\"></span>e with the re<span class=\"_ _a\"></span>quiremen<span class=\"_ _a\"></span>ts in curre<span class=\"_ _a\"></span>ntvalue was l<span class=\"_ _a\"></span>ower than <span class=\"_ _a\"></span>the carry<span class=\"_ _a\"></span>ing value, an accounti<span class=\"_ _a\"></span>ng standar<span class=\"_ _a\"></span>ds.impairment<span class=\"_ _a\"></span> charge <span class=\"_ _a\"></span>of EUR 20 2<span class=\"_ _a\"></span>82 thousandwas rec<span class=\"_ _a\"></span>orded as per <span class=\"_ _a\"></span>date of los<span class=\"_ _a\"></span>s of control<span class=\"_ _a\"></span>.We cons<span class=\"_ _a\"></span>idered the d<span class=\"_ _a\"></span>ivestment, <span class=\"_ _a\"></span>including t<span class=\"_ _a\"></span>heimpairment<span class=\"_ _a\"></span> charge rec<span class=\"_ _a\"></span>orded, th<span class=\"_ _a\"></span>e controlassess<span class=\"_ _a\"></span>ment and the <span class=\"_ _a\"></span>loss from d<span class=\"_ _a\"></span>iscontinuedoperatio<span class=\"_ _a\"></span>ns to be a key<span class=\"_ _a\"></span> area of foc<span class=\"_ _a\"></span>us due t<span class=\"_ _a\"></span>othe amou<span class=\"_ _a\"></span>nts and deta<span class=\"_ _a\"></span>iled calc<span class=\"_ _a\"></span>ulationsinvolved, as<span class=\"_ _a\"></span> well as t<span class=\"_ _a\"></span>he judgeme<span class=\"_ _a\"></span>nts applie<span class=\"_ _a\"></span>dby manage<span class=\"_ _a\"></span>ment to ar<span class=\"_ _a\"></span>rive at the <span class=\"_ _a\"></span>appropriateaccounti<span class=\"_ _a\"></span>ng treatment.See furth<span class=\"_ _a\"></span>er informa<span class=\"_ _a\"></span>tion in notes<span class=\"_ _a\"></span> 4 and 19where man<span class=\"_ _a\"></span>agement ex<span class=\"_ _a\"></span>plains theimpairment<span class=\"_ _a\"></span> and discon<span class=\"_ _a\"></span>tinued op<span class=\"_ _a\"></span>erationsand how t<span class=\"_ _a\"></span>hey have ac<span class=\"_ _a\"></span>counted for<span class=\"_ _a\"></span> them inthe financ<span class=\"_ _a\"></span>ial stateme<span class=\"_ _a\"></span>nts.Other Infor<span class=\"_ _0\"></span>mationThe Board <span class=\"_ _a\"></span>of Director<span class=\"_ _a\"></span>s and t<span class=\"_ _a\"></span>he Managing <span class=\"_ _a\"></span>Director (m<span class=\"_ _a\"></span>anageme<span class=\"_ _a\"></span>nt) are resp<span class=\"_ _a\"></span>onsible <span class=\"_ _a\"></span>for the inf<span class=\"_ _a\"></span>ormationin the Boar<span class=\"_ _a\"></span>d of Direc<span class=\"_ _a\"></span>tors\u2019 repor<span class=\"_ _a\"></span>t and the ot<span class=\"_ _a\"></span>her informat<span class=\"_ _a\"></span>ion accom<span class=\"_ _a\"></span>panying <span class=\"_ _a\"></span>the financ<span class=\"_ _a\"></span>ial statements<span class=\"_ _a\"></span>. Theother informat<span class=\"_ _a\"></span>ion compris<span class=\"_ _a\"></span>es information in the ann<span class=\"_ _a\"></span>ual r<span class=\"ws264\">eport,<span class=\"_ _a\"></span> but does n<span class=\"_ _a\"></span>ot include<span class=\"_ _a\"></span> the financ<span class=\"_ _a\"></span>ial </span>statements<span class=\"_ _a\"></span> and our au<span class=\"_ _a\"></span>ditor\u2019s<span class=\"_ _a\"></span> report ther<span class=\"_ _a\"></span>eon.<span class=\"ls0 ws0\"> </span>Our op<span class=\"_ _a\"></span>inion on the <span class=\"_ _a\"></span>financial s<span class=\"_ _a\"></span>tatement<span class=\"_ _a\"></span>s does not c<span class=\"_ _a\"></span>overthe infor<span class=\"_ _a\"></span>mation in the <span class=\"_ _a\"></span>Board of D<span class=\"_ _a\"></span>irectors\u2019 re<span class=\"_ _a\"></span>port nor th<span class=\"_ _a\"></span>e other inf<span class=\"_ _a\"></span>ormation acc<span class=\"_ _a\"></span>ompany<span class=\"_ _a\"></span>ing the financ<span class=\"_ _a\"></span>ialstatements<span class=\"_ _a\"></span>.In connec<span class=\"_ _a\"></span>tion with <span class=\"_ _a\"></span>our audit<span class=\"_ _a\"></span> of the fina<span class=\"_ _a\"></span>ncial stateme<span class=\"_ _a\"></span>nts, our<span class=\"_ _a\"></span> responsib<span class=\"_ _a\"></span>ility is to r<span class=\"_ _a\"></span>ead the Boar<span class=\"_ _a\"></span>d ofDirectors<span class=\"_ _a\"></span>\u2019 report a<span class=\"_ _a\"></span>nd the ot<span class=\"_ _a\"></span>her informati<span class=\"_ _a\"></span>on accompa<span class=\"_ _a\"></span>nying the <span class=\"_ _a\"></span>financial sta<span class=\"_ _a\"></span>tements<span class=\"_ _a\"></span>. The purpos<span class=\"_ _a\"></span>e is toconsider <span class=\"_ _a\"></span>if there is<span class=\"_ _a\"></span> material <span class=\"_ _a\"></span>inconsistenc<span class=\"_ _a\"></span>y betwee<span class=\"_ _a\"></span>n the Board<span class=\"_ _a\"></span> of Director<span class=\"_ _a\"></span>s\u2019 report a<span class=\"_ _a\"></span>nd the other4 <span class=\"lsdd ws264\">/ </span>7215informat<span class=\"_ _a\"></span>ion accomp<span class=\"_ _a\"></span>anying the f<span class=\"_ _a\"></span>inancial s<span class=\"_ _a\"></span>tatements an<span class=\"_ _a\"></span>d the fin<span class=\"_ _a\"></span>ancial stat<span class=\"_ _a\"></span>ements or <span class=\"_ _a\"></span>our knowled<span class=\"_ _a\"></span>geobtained i<span class=\"_ _a\"></span>n the aud<span class=\"_ _a\"></span>it, or whet<span class=\"_ _a\"></span>her the Boar<span class=\"_ _a\"></span>d of Direct<span class=\"_ _a\"></span>ors\u2019 report <span class=\"_ _a\"></span>and the oth<span class=\"_ _a\"></span>er infor<span class=\"_ _a\"></span>mationaccompa<span class=\"_ _a\"></span>nying the fi<span class=\"_ _a\"></span>nancial s<span class=\"_ _a\"></span>tatements other<span class=\"_ _a\"></span>wise appe<span class=\"_ _a\"></span>ar to be m<span class=\"_ _a\"></span>aterially mis<span class=\"_ _a\"></span>stated. W<span class=\"_ _a\"></span>e are requ<span class=\"_ _a\"></span>iredto report<span class=\"_ _a\"></span> if there is a <span class=\"_ _a\"></span>materi<span class=\"_ _a\"></span>al misstatemen<span class=\"_ _a\"></span>t in the B<span class=\"_ _a\"></span>oard of D<span class=\"_ _a\"></span>irectors\u2019 re<span class=\"_ _a\"></span>port or the <span class=\"_ _a\"></span>other infor<span class=\"_ _a\"></span>mationaccompa<span class=\"_ _a\"></span>nying the fi<span class=\"_ _a\"></span>nancial s<span class=\"_ _a\"></span>tatements. We <span class=\"_ _a\"></span>have noth<span class=\"_ _a\"></span>ing to repor<span class=\"_ _a\"></span>t in this re<span class=\"_ _a\"></span>ga<span class=\"ws267\">rd.<span class=\"ls0 ws0\"> </span></span>Based on <span class=\"_ _a\"></span>our knowle<span class=\"_ _a\"></span>dge obtai<span class=\"_ _a\"></span>ned in the au<span class=\"_ _a\"></span>dit, it is our<span class=\"_ _a\"></span> opinion t<span class=\"_ _a\"></span>hat the Bo<span class=\"_ _a\"></span>ard of D<span class=\"_ _a\"></span>irectors\u2019 rep<span class=\"_ _a\"></span>ort\u2022 <span class=\"_ _140\"> </span><span class=\"lsda ws264\">is<span class=\"_ _a\"></span> consistent w<span class=\"_ _a\"></span>ith the fina<span class=\"_ _a\"></span>ncial state<span class=\"_ _a\"></span>ments and<span class=\"_ _a\"></span></span>\u2022 <span class=\"_ _140\"> </span><span class=\"lsda ws264\">c<span class=\"_ _a\"></span>ontains the in<span class=\"_ _a\"></span>formation r<span class=\"_ _a\"></span>equired by<span class=\"_ _a\"></span> applicab<span class=\"_ _a\"></span>le statuto<span class=\"_ _a\"></span>ry requirem<span class=\"_ _a\"></span>ents.</span>Our opini<span class=\"_ _a\"></span>on on the B<span class=\"_ _a\"></span>oard of Dir<span class=\"_ _a\"></span>ector\u2019s r<span class=\"_ _a\"></span>eport appli<span class=\"_ _a\"></span>es corres<span class=\"_ _a\"></span>pondingly to <span class=\"_ _a\"></span>the statement<span class=\"_ _a\"></span>s on Cor<span class=\"_ _a\"></span>porateGovernanc<span class=\"_ _a\"></span>e and Corpor<span class=\"_ _a\"></span>ate Soci<span class=\"_ _a\"></span>al Respo<span class=\"_ _a\"></span>nsibility.Responsi<span class=\"_ _0\"></span>bilities of Management for the<span class=\"_ _0\"></span> Financial Stateme<span class=\"_ _0\"></span>ntsManagement<span class=\"_ _a\"></span> is respo<span class=\"_ _a\"></span>nsible for<span class=\"_ _a\"></span> the prepar<span class=\"_ _a\"></span>ation of fina<span class=\"_ _a\"></span>ncial sta<span class=\"_ _a\"></span>tements th<span class=\"_ _a\"></span>at give <span class=\"_ _a\"></span>a true and fa<span class=\"_ _a\"></span>ir view inaccordanc<span class=\"_ _a\"></span>e with the <span class=\"_ _a\"></span>Norwegia<span class=\"_ _a\"></span>n Accounting <span class=\"_ _a\"></span>Act and ac<span class=\"_ _a\"></span>counting sta<span class=\"_ _a\"></span>ndards and<span class=\"_ _a\"></span> prac<span class=\"_ _a\"></span>tices general<span class=\"_ _a\"></span>lyaccepted <span class=\"_ _a\"></span>in Norway, <span class=\"_ _a\"></span>and for<span class=\"_ _a\"></span> the preparat<span class=\"_ _a\"></span>ion and tru<span class=\"_ _a\"></span>e and fair v<span class=\"_ _a\"></span>iew of the co<span class=\"_ _a\"></span>nsolidat<span class=\"_ _a\"></span>ed financi<span class=\"_ _a\"></span>alstatements<span class=\"_ _a\"></span> of the Gro<span class=\"_ _a\"></span>up in acc<span class=\"_ _a\"></span>ordance w<span class=\"_ _a\"></span>ith Internat<span class=\"_ _a\"></span>ional Financ<span class=\"_ _a\"></span>ial Reporti<span class=\"_ _a\"></span>ng Stan<span class=\"_ _a\"></span>dards as ad<span class=\"_ _a\"></span>optedby the EU, <span class=\"_ _a\"></span>and for suc<span class=\"_ _a\"></span>h internal c<span class=\"_ _a\"></span>ontrol as<span class=\"_ _a\"></span> manageme<span class=\"_ _a\"></span>nt determ<span class=\"_ _a\"></span>ines is neces<span class=\"_ _a\"></span>sary to en<span class=\"_ _a\"></span>able thepreparat<span class=\"_ _a\"></span>ion of financ<span class=\"_ _a\"></span>ial stat<span class=\"_ _a\"></span>ements that<span class=\"_ _a\"></span> are free fro<span class=\"_ _a\"></span>m mater<span class=\"_ _a\"></span>ial misstatem<span class=\"_ _a\"></span>ent, whe<span class=\"_ _a\"></span>ther due to fr<span class=\"_ _a\"></span>aud orer<span class=\"lsdc ws266\">ror.<span class=\"ls0 ws0\"> </span></span>In prepar<span class=\"_ _a\"></span>ing the fina<span class=\"_ _a\"></span>ncial st<span class=\"_ _a\"></span>atements, <span class=\"_ _a\"></span>managemen<span class=\"_ _a\"></span>t is respons<span class=\"_ _a\"></span>ible for ass<span class=\"_ _a\"></span>essing th<span class=\"_ _a\"></span>e Company<span class=\"_ _a\"></span>\u2019s andthe Grou<span class=\"_ _a\"></span>p\u2019s ability t<span class=\"_ _a\"></span>o continue as<span class=\"_ _a\"></span> a going<span class=\"_ _a\"></span> concern, dis<span class=\"_ _a\"></span>closing, as<span class=\"_ _a\"></span> applica<span class=\"_ _a\"></span>ble, matte<span class=\"_ _a\"></span>rs related to <span class=\"_ _a\"></span>goingconcern. T<span class=\"_ _a\"></span>he financi<span class=\"_ _a\"></span>al statements<span class=\"_ _a\"></span> of the Co<span class=\"_ _a\"></span>mpany us<span class=\"_ _a\"></span>e the going c<span class=\"_ _a\"></span>oncern bas<span class=\"_ _a\"></span>is of ac<span class=\"_ _a\"></span>counting insof<span class=\"_ _a\"></span>aras it is not <span class=\"_ _a\"></span>likely th<span class=\"_ _a\"></span>at the en<span class=\"_ _a\"></span>terprise w<span class=\"_ _a\"></span>ill cease op<span class=\"_ _a\"></span>erations<span class=\"_ _a\"></span>. The conso<span class=\"_ _a\"></span>lidated fin<span class=\"_ _a\"></span>ancial stat<span class=\"_ _a\"></span>ements of th<span class=\"_ _a\"></span>eGroup use t<span class=\"_ _a\"></span>he going c<span class=\"_ _a\"></span>oncer<span class=\"_ _a\"></span>n basis of acc<span class=\"_ _a\"></span>ounting u<span class=\"_ _a\"></span>nless manag<span class=\"_ _a\"></span>ement either<span class=\"_ _a\"></span> intends to <span class=\"_ _a\"></span>liquidate th<span class=\"_ _a\"></span>eG<span class=\"lsda ws264\">roup or t<span class=\"_ _a\"></span>o cease oper<span class=\"_ _a\"></span>ations, or<span class=\"_ _a\"></span> has no rea<span class=\"_ _a\"></span>listic altern<span class=\"_ _a\"></span>ative but t<span class=\"_ _a\"></span>o do so.<span class=\"_ _a\"></span></span>Auditor\u2019s<span class=\"_ _0\"></span> Responsibilities for the<span class=\"_ _0\"></span> Audit of the Financial Sta<span class=\"_ _0\"></span>tementsOur objec<span class=\"_ _a\"></span>tives are t<span class=\"_ _a\"></span>o obtain r<span class=\"_ _a\"></span>easonable as<span class=\"_ _a\"></span>surance abo<span class=\"_ _a\"></span>ut whether t<span class=\"_ _a\"></span>he financ<span class=\"_ _a\"></span>ial stat<span class=\"_ _a\"></span>ements as a w<span class=\"_ _a\"></span>holeare free <span class=\"_ _a\"></span>from mater<span class=\"_ _a\"></span>ial misstatem<span class=\"_ _a\"></span>ent, whet<span class=\"_ _a\"></span>her due to fr<span class=\"_ _a\"></span>aud or error<span class=\"_ _a\"></span>, and to <span class=\"_ _a\"></span>issue an<span class=\"_ _a\"></span> auditor\u2019s re<span class=\"_ _a\"></span>port thatincludes o<span class=\"_ _a\"></span>ur opinion.<span class=\"_ _a\"></span> Reasonab<span class=\"_ _a\"></span>le assuranc<span class=\"_ _a\"></span>e is a high<span class=\"_ _a\"></span> level of <span class=\"_ _a\"></span>assurance,<span class=\"_ _a\"></span> but is n<span class=\"_ _a\"></span>ot a guarante<span class=\"_ _a\"></span>e thatan audit c<span class=\"_ _a\"></span>onducted <span class=\"_ _a\"></span>in accordanc<span class=\"_ _a\"></span>e with ISAs<span class=\"_ _a\"></span> will alway<span class=\"_ _a\"></span>s detect<span class=\"ls0 ws0\"> </span>a m<span class=\"_ _a\"></span>aterial mis<span class=\"_ _a\"></span>state<span class=\"_ _a\"></span>ment when it<span class=\"_ _a\"></span> exists.Misstate<span class=\"_ _a\"></span>ments can ar<span class=\"_ _a\"></span>ise from fr<span class=\"_ _a\"></span>aud or error<span class=\"_ _a\"></span> and are c<span class=\"_ _a\"></span>onsidere<span class=\"_ _a\"></span>d material <span class=\"_ _a\"></span>if, individ<span class=\"_ _a\"></span>ually or i<span class=\"_ _a\"></span>n aggregate,they cou<span class=\"_ _a\"></span>ld reasona<span class=\"_ _a\"></span>bly be ex<span class=\"_ _a\"></span>pected to infl<span class=\"_ _a\"></span>uence the ec<span class=\"_ _a\"></span>onomic dec<span class=\"_ _a\"></span>isions of user<span class=\"_ _a\"></span>s taken o<span class=\"_ _a\"></span>n the bas<span class=\"_ _a\"></span>is ofthese fina<span class=\"_ _a\"></span>ncial stat<span class=\"_ _a\"></span>ements.As part <span class=\"_ _a\"></span>of an audit in<span class=\"_ _a\"></span> accordance w<span class=\"_ _a\"></span>ith ISAs<span class=\"_ _a\"></span>, we exerc<span class=\"_ _a\"></span>ise profess<span class=\"_ _a\"></span>ional judg<span class=\"_ _a\"></span>ment and m<span class=\"_ _a\"></span>aintainprofessio<span class=\"_ _a\"></span>nal sceptic<span class=\"_ _a\"></span>ism through<span class=\"_ _a\"></span>out the aud<span class=\"_ _a\"></span>it. <span class=\"lsde ws26d\">We al<span class=\"_ _0\"></span>so:<span class=\"ls0 ws0\"> </span></span>\u2022 <span class=\"_ _140\"> </span>ide<span class=\"_ _a\"></span>ntify and as<span class=\"_ _a\"></span>sess the ris<span class=\"_ _a\"></span>ks of mat<span class=\"_ _a\"></span>erial miss<span class=\"_ _a\"></span>tatement <span class=\"_ _a\"></span>of the financ<span class=\"_ _a\"></span>ial state<span class=\"_ _a\"></span>ments, <span class=\"_ _a\"></span>whether du<span class=\"_ _a\"></span>eto fraud or<span class=\"_ _a\"></span> error. We <span class=\"_ _a\"></span>design and <span class=\"_ _a\"></span>perform au<span class=\"_ _a\"></span>dit proced<span class=\"_ _a\"></span>ures r<span class=\"_ _a\"></span>esponsive to th<span class=\"_ _a\"></span>ose risks<span class=\"_ _a\"></span>, andobtain aud<span class=\"_ _a\"></span>it evidenc<span class=\"_ _a\"></span>e that i<span class=\"_ _a\"></span>s sufficient a<span class=\"_ _a\"></span>nd appro<span class=\"_ _a\"></span>priate to pr<span class=\"_ _a\"></span>ovide a b<span class=\"_ _a\"></span>asis for our<span class=\"_ _a\"></span> opinion. T<span class=\"_ _a\"></span>herisk of not <span class=\"_ _a\"></span>detectin<span class=\"_ _a\"></span>g a mate<span class=\"_ _a\"></span>rial misstat<span class=\"_ _a\"></span>ement resu<span class=\"_ _a\"></span>lting from fr<span class=\"_ _a\"></span>aud is hig<span class=\"_ _a\"></span>her than for<span class=\"_ _a\"></span> oneresulting fr<span class=\"_ _a\"></span>om error, <span class=\"_ _a\"></span>as fraud may<span class=\"_ _a\"></span> involv<span class=\"_ _a\"></span>e collusion, f<span class=\"_ _a\"></span>orgery<span class=\"_ _a\"></span>, intentional<span class=\"_ _a\"></span> omissions,misrepres<span class=\"_ _a\"></span>entations, <span class=\"_ _a\"></span>or the <span class=\"_ _a\"></span>override of i<span class=\"_ _a\"></span>nternal cont<span class=\"_ _a\"></span>rol.\u2022 <span class=\"_ _140\"> </span><span class=\"lsda ws264\">obta<span class=\"_ _a\"></span>in an unders<span class=\"_ _a\"></span>tanding <span class=\"_ _a\"></span>of internal c<span class=\"_ _a\"></span>ontrol rel<span class=\"_ _a\"></span>evant to t<span class=\"_ _a\"></span>he audit in or<span class=\"_ _a\"></span>der to des<span class=\"_ _a\"></span>ign <span class=\"ws267\">aud<span class=\"_ _a\"></span>it </span></span>procedures<span class=\"_ _a\"></span> that are a<span class=\"_ _a\"></span>ppropriate <span class=\"_ _a\"></span>in the circu<span class=\"_ _a\"></span>mstances, <span class=\"_ _a\"></span>but not for<span class=\"_ _a\"></span> the purpos<span class=\"_ _a\"></span>e of ex<span class=\"_ _a\"></span>pressing an5 <span class=\"lsdd ws264\">/ </span>7216<span class=\"_ _ed\"> </span><span class=\"ff8\">Elopak</span>opinion o<span class=\"_ _a\"></span>n the effec<span class=\"_ _a\"></span>tivenes<span class=\"_ _a\"></span>s of the Com<span class=\"_ _a\"></span>pany's and t<span class=\"_ _a\"></span>he Group's<span class=\"_ _a\"></span> internal c<span class=\"_ _a\"></span>ontrol.\u2022 <span class=\"_ _140\"> </span>ev<span class=\"_ _a\"></span>aluate the <span class=\"_ _a\"></span>appropriaten<span class=\"_ _a\"></span>ess<span class=\"_ _a\"></span> of accounting <span class=\"_ _a\"></span>policies us<span class=\"_ _a\"></span>ed and t<span class=\"_ _a\"></span>he reasona<span class=\"_ _a\"></span>bleness ofaccounti<span class=\"_ _a\"></span>ng estimates<span class=\"_ _a\"></span> and relat<span class=\"_ _a\"></span>ed disclosur<span class=\"_ _a\"></span>es made by<span class=\"_ _a\"></span> manage<span class=\"_ _a\"></span>ment.\u2022 <span class=\"_ _140\"> </span>c<span class=\"_ _a\"></span>onclude on the<span class=\"_ _a\"></span> appropri<span class=\"_ _a\"></span>ateness of <span class=\"_ _a\"></span>managemen<span class=\"_ _a\"></span>t\u2019s use of t<span class=\"_ _a\"></span>he going co<span class=\"_ _a\"></span>ncern bas<span class=\"_ _a\"></span>is ofaccounti<span class=\"_ _a\"></span>ng and, base<span class=\"_ _a\"></span>d on the a<span class=\"_ _a\"></span>udit evidenc<span class=\"_ _a\"></span>e obtained,<span class=\"_ _a\"></span> whether a <span class=\"_ _a\"></span>material u<span class=\"_ _a\"></span>ncertainty<span class=\"_ _a\"></span> existsrelated<span class=\"ls0 ws0\"> </span><span class=\"ws264\">to<span class=\"_ _a\"></span> events or<span class=\"_ _a\"></span> conditions tha<span class=\"_ _a\"></span>t may cast s<span class=\"_ _a\"></span>ignifica<span class=\"_ _a\"></span>nt doubt on t<span class=\"_ _a\"></span>he Company<span class=\"_ _a\"></span>'s and t<span class=\"_ _a\"></span>he </span>Group's<span class=\"_ _a\"></span> ability to co<span class=\"_ _a\"></span>ntinue as a go<span class=\"_ _a\"></span>ing concer<span class=\"_ _a\"></span>n. If we c<span class=\"_ _a\"></span>onclude that <span class=\"_ _a\"></span>a materi<span class=\"_ _a\"></span>al uncertain<span class=\"_ _a\"></span>tyexists, w<span class=\"_ _a\"></span>e are requir<span class=\"_ _a\"></span>ed to d<span class=\"_ _a\"></span>raw attention <span class=\"_ _a\"></span>in our aud<span class=\"_ _a\"></span>itor\u2019s r<span class=\"_ _a\"></span>eport to the re<span class=\"_ _a\"></span>lated disc<span class=\"_ _a\"></span>losures in t<span class=\"_ _a\"></span>hefinancia<span class=\"_ _a\"></span>l statements<span class=\"_ _a\"></span> or, if s<span class=\"_ _a\"></span>uch disclos<span class=\"_ _a\"></span>ures are ina<span class=\"_ _a\"></span>dequate, to <span class=\"_ _a\"></span>modify our <span class=\"_ _a\"></span>opinion. O<span class=\"_ _a\"></span>urconclusio<span class=\"_ _a\"></span>ns are bas<span class=\"_ _a\"></span>ed on the a<span class=\"_ _a\"></span>udit evidence <span class=\"_ _a\"></span>obtained <span class=\"_ _a\"></span>up to the dat<span class=\"_ _a\"></span>e of our aud<span class=\"_ _a\"></span>itor\u2019s r<span class=\"_ _a\"></span>eport.However, f<span class=\"_ _a\"></span>uture events<span class=\"_ _a\"></span> or cond<span class=\"_ _a\"></span>itions may<span class=\"_ _a\"></span> cause the C<span class=\"_ _a\"></span>ompany<span class=\"ls0 ws0\"> </span>an<span class=\"_ _a\"></span>d the Group<span class=\"_ _a\"></span> to ceas<span class=\"_ _a\"></span>e tocontinue <span class=\"_ _a\"></span>as a going c<span class=\"_ _a\"></span>oncern.\u2022 <span class=\"_ _140\"> </span>ev<span class=\"_ _a\"></span>aluate the <span class=\"_ _a\"></span>overall prese<span class=\"_ _a\"></span>ntation, s<span class=\"_ _a\"></span>tructure<span class=\"_ _a\"></span> and conten<span class=\"_ _a\"></span>t of the fina<span class=\"_ _a\"></span>ncial stat<span class=\"_ _a\"></span>ements<span class=\"_ _a\"></span>, includingthe disc<span class=\"_ _a\"></span>losures, and <span class=\"_ _a\"></span>whether<span class=\"_ _a\"></span> the financi<span class=\"_ _a\"></span>al statement<span class=\"_ _a\"></span>s repres<span class=\"_ _a\"></span>ent the und<span class=\"_ _a\"></span>erlying tra<span class=\"_ _a\"></span>nsactionsand events <span class=\"ws264\">in a <span class=\"_ _a\"></span>manner tha<span class=\"_ _a\"></span>t achieves<span class=\"_ _a\"></span> a true and fa<span class=\"_ _a\"></span>ir view.<span class=\"_ _a\"></span><span class=\"ls0 ws0\"> </span></span>\u2022 <span class=\"_ _140\"> </span>obta<span class=\"_ _a\"></span>in suffici<span class=\"_ _a\"></span>ent appropr<span class=\"_ _a\"></span>iate au<span class=\"_ _a\"></span>dit evidence r<span class=\"_ _a\"></span>egarding <span class=\"_ _a\"></span>the financia<span class=\"_ _a\"></span>l informati<span class=\"_ _a\"></span>on of the e<span class=\"_ _a\"></span>ntities orbusines<span class=\"_ _a\"></span>s activities w<span class=\"_ _a\"></span>ithin th<span class=\"_ _a\"></span>e Group to ex<span class=\"_ _a\"></span>press a<span class=\"_ _a\"></span>n opinion on t<span class=\"_ _a\"></span>he consol<span class=\"_ _a\"></span>idated fina<span class=\"_ _a\"></span>ncialstatements<span class=\"_ _a\"></span>. We are<span class=\"ls0 ws0\"> </span>r<span class=\"_ _a\"></span>espons<span class=\"_ _a\"></span>ible for the d<span class=\"_ _a\"></span>irection, su<span class=\"_ _a\"></span>perv<span class=\"_ _a\"></span>ision and perfor<span class=\"_ _a\"></span>mance of <span class=\"_ _a\"></span>the groupaudit. <span class=\"ws264\">We r<span class=\"_ _a\"></span>emain so<span class=\"_ _a\"></span>lely respons<span class=\"_ _a\"></span>ible for o<span class=\"_ _a\"></span>ur audit op<span class=\"_ _a\"></span>inion.<span class=\"_ _a\"></span><span class=\"ls0 ws0\"> </span></span>We commu<span class=\"_ _a\"></span>nicate with t<span class=\"_ _a\"></span>he Board<span class=\"_ _a\"></span> of Directors<span class=\"_ _a\"></span> regardi<span class=\"_ _a\"></span>ng, among<span class=\"_ _a\"></span> other matter<span class=\"_ _a\"></span>s, the plann<span class=\"_ _a\"></span>ed scope a<span class=\"_ _a\"></span>ndtiming of t<span class=\"_ _a\"></span>he audit a<span class=\"_ _a\"></span>nd signi<span class=\"_ _a\"></span>ficant aud<span class=\"_ _a\"></span>it findings,<span class=\"_ _a\"></span> including a<span class=\"_ _a\"></span>ny significa<span class=\"_ _a\"></span>nt defic<span class=\"_ _a\"></span>iencies in <span class=\"_ _a\"></span>internal c<span class=\"_ _a\"></span>ontrolthat we i<span class=\"_ _a\"></span>dentify dur<span class=\"_ _a\"></span>ing our aud<span class=\"_ _a\"></span>it.We also <span class=\"_ _a\"></span>provide th<span class=\"_ _a\"></span>e Audit Comm<span class=\"_ _a\"></span>ittee with <span class=\"_ _a\"></span>a stateme<span class=\"_ _a\"></span>nt that we <span class=\"_ _a\"></span>have compl<span class=\"_ _a\"></span>ied wit<span class=\"_ _a\"></span>h relevant e<span class=\"_ _a\"></span>thicalrequireme<span class=\"_ _a\"></span>nts regard<span class=\"_ _a\"></span>ing indepen<span class=\"_ _a\"></span>dence, an<span class=\"_ _a\"></span>d to com<span class=\"_ _a\"></span>municate wit<span class=\"_ _a\"></span>h them al<span class=\"_ _a\"></span>l relation<span class=\"_ _a\"></span>ships and ot<span class=\"_ _a\"></span>hermatters t<span class=\"_ _a\"></span>hat may reas<span class=\"_ _a\"></span>onably<span class=\"_ _a\"></span> be thought to<span class=\"_ _a\"></span> bear on our<span class=\"_ _a\"></span> indepe<span class=\"_ _a\"></span>ndence, and <span class=\"_ _a\"></span>where app<span class=\"_ _a\"></span>licable, rel<span class=\"_ _a\"></span>atedsafeguar<span class=\"_ _a\"></span>ds.From the<span class=\"_ _a\"></span> matters comm<span class=\"_ _a\"></span>unic<span class=\"_ _a\"></span>ated with the <span class=\"_ _a\"></span>Board of Dir<span class=\"_ _a\"></span>ectors, w<span class=\"_ _a\"></span>e determin<span class=\"_ _a\"></span>e those mat<span class=\"_ _a\"></span>ters that <span class=\"_ _a\"></span>were ofmost sig<span class=\"_ _a\"></span>nificance in <span class=\"_ _a\"></span>the audit <span class=\"_ _a\"></span>of the fina<span class=\"_ _a\"></span>ncial state<span class=\"_ _a\"></span>ments of the<span class=\"_ _a\"></span> current <span class=\"_ _a\"></span>period and <span class=\"_ _a\"></span>are therefor<span class=\"_ _a\"></span>e thekey audit<span class=\"_ _a\"></span> matters. <span class=\"_ _a\"></span>We describe t<span class=\"_ _a\"></span>hese matt<span class=\"_ _a\"></span>ers in our au<span class=\"_ _a\"></span>ditor\u2019s repor<span class=\"_ _a\"></span>t unless<span class=\"_ _a\"></span> law or r<span class=\"_ _a\"></span>egulation pr<span class=\"_ _a\"></span>ecludespublic d<span class=\"_ _a\"></span>isclosure abo<span class=\"_ _a\"></span>ut the mat<span class=\"_ _a\"></span>ter or whe<span class=\"_ _a\"></span>n, in extr<span class=\"_ _a\"></span>emely r<span class=\"_ _a\"></span>are circumstanc<span class=\"_ _a\"></span>es, we d<span class=\"_ _a\"></span>etermine that<span class=\"_ _a\"></span> amatter sh<span class=\"_ _a\"></span>ould not b<span class=\"_ _a\"></span>e communicat<span class=\"_ _a\"></span>ed in our<span class=\"_ _a\"></span> report beca<span class=\"_ _a\"></span>use the adv<span class=\"_ _a\"></span>erse cons<span class=\"_ _a\"></span>equences<span class=\"_ _a\"></span> of doing sowould reas<span class=\"_ _a\"></span>onably be<span class=\"_ _a\"></span> expected t<span class=\"_ _a\"></span>o outweigh <span class=\"_ _a\"></span>the publ<span class=\"_ _a\"></span>ic interest b<span class=\"_ _a\"></span>enefits of<span class=\"_ _a\"></span> such commu<span class=\"_ _a\"></span>nication<span class=\"_ _a\"></span>.Report on Other Legal and Re<span class=\"_ _a\"></span>gulatory RequirementsReport on Compl<span class=\"_ _0\"></span>iance with Requirement on E<span class=\"_ _0\"></span>uropean Single Electronic<span class=\"_ _0\"></span> Format (ESEF)Opin<span class=\"_ _a\"></span>ionAs part <span class=\"_ _a\"></span>of the audit of <span class=\"_ _a\"></span>the financ<span class=\"_ _a\"></span>ial statem<span class=\"_ _a\"></span>ents of E<span class=\"_ _a\"></span>lopak<span class=\"ls0 ws0\"> </span>ASA, w<span class=\"_ _a\"></span>e have per<span class=\"_ _a\"></span>formed an as<span class=\"_ _a\"></span>suranceengagement<span class=\"_ _a\"></span> to obta<span class=\"_ _a\"></span>in reasonab<span class=\"_ _a\"></span>le assur<span class=\"_ _a\"></span>ance about w<span class=\"_ _a\"></span>hether the f<span class=\"_ _a\"></span>inancial s<span class=\"_ _a\"></span>tatements inc<span class=\"_ _a\"></span>luded in th<span class=\"_ _a\"></span>eannual r<span class=\"_ _a\"></span>eport, with th<span class=\"_ _a\"></span>e file <span class=\"ws267\">name<span class=\"_ _a\"></span> 529900BI<span class=\"_ _a\"></span>DQN2AOK<span class=\"_ _a\"></span>V6N08<span class=\"ls0 ws0\">-</span>2022<span class=\"ls0 ws0\">-<span class=\"_ _a\"></span></span>12<span class=\"ls0 ws0\">-</span>31<span class=\"ls0 ws0\">-</span>en.z<span class=\"_ _a\"></span>i<span class=\"ls0 ws0\">p</span><span class=\"ws26a\">, have<span class=\"ls0 ws0\"> </span>been prep<span class=\"_ _a\"></span>ared, </span></span>in all mat<span class=\"_ _a\"></span>erial resp<span class=\"_ _a\"></span>ects, in<span class=\"ls0 ws0\"> </span>c<span class=\"_ _a\"></span>ompliance w<span class=\"_ _a\"></span>ith the requ<span class=\"_ _a\"></span>irements o<span class=\"_ _a\"></span>f the Comm<span class=\"_ _a\"></span>ission Dele<span class=\"_ _a\"></span>gated Regu<span class=\"_ _a\"></span>lation6 <span class=\"lsdd ws264\">/ </span>7217(EU) 201<span class=\"_ _a\"></span>9/815 on t<span class=\"_ _a\"></span>he European<span class=\"_ _a\"></span> Single Elec<span class=\"_ _a\"></span>tronic For<span class=\"_ _a\"></span>mat (ESEF Re<span class=\"_ _a\"></span>gulation) a<span class=\"_ _a\"></span>nd regul<span class=\"_ _a\"></span>ation pursua<span class=\"_ _a\"></span>ntto Sectio<span class=\"_ _a\"></span>n 5<span class=\"ls0 ws0\">-</span>5 of the N<span class=\"_ _a\"></span>orwegia<span class=\"_ _a\"></span>n Securit<span class=\"_ _a\"></span>ies Trading<span class=\"_ _a\"></span> Act, which <span class=\"_ _a\"></span>includes re<span class=\"_ _a\"></span>quiremen<span class=\"_ _a\"></span>ts related to<span class=\"_ _a\"></span> thepreparat<span class=\"_ _a\"></span>ion of the ann<span class=\"_ _a\"></span>ual repor<span class=\"_ _a\"></span>t in XHTM<span class=\"_ _a\"></span>L format, <span class=\"_ _a\"></span>and iXBRL ta<span class=\"_ _a\"></span>gging of t<span class=\"_ _a\"></span>he consolid<span class=\"_ _a\"></span>ated financ<span class=\"_ _a\"></span>ialstatements<span class=\"_ _a\"></span>.In our opi<span class=\"_ _a\"></span>nion, the <span class=\"_ _a\"></span>financial s<span class=\"_ _a\"></span>tatements, i<span class=\"_ _a\"></span>ncluded in<span class=\"_ _a\"></span> the annu<span class=\"_ _a\"></span>al report, hav<span class=\"_ _a\"></span>e been p<span class=\"_ _a\"></span>repared, in<span class=\"_ _a\"></span> allmaterial<span class=\"_ _a\"></span> respects, i<span class=\"_ _a\"></span>n compli<span class=\"_ _a\"></span>ance with the <span class=\"_ _a\"></span>ESEF re<span class=\"_ _a\"></span>gulation.Management<span class=\"_ _a\"></span>\u2019s Resp<span class=\"_ _a\"></span>onsibilitiesManagement<span class=\"_ _a\"></span> is respo<span class=\"_ _a\"></span>nsible for<span class=\"_ _a\"></span> the prepar<span class=\"_ _a\"></span>ation of the a<span class=\"_ _a\"></span>nnual re<span class=\"_ _a\"></span>port in compl<span class=\"_ _a\"></span>iance w<span class=\"_ _a\"></span>ith the ESEFregulati<span class=\"_ _a\"></span>on. This respo<span class=\"_ _a\"></span>nsibili<span class=\"_ _a\"></span>ty comprises<span class=\"_ _a\"></span> an adequ<span class=\"_ _a\"></span>ate process<span class=\"_ _a\"></span> and such int<span class=\"_ _a\"></span>ernal c<span class=\"_ _a\"></span>ontrol asmanagement<span class=\"_ _a\"></span> determi<span class=\"_ _a\"></span>nes is neces<span class=\"_ _a\"></span>sary.Auditor<span class=\"_ _a\"></span>\u2019s Responsib<span class=\"_ _a\"></span>ilitiesFor a desc<span class=\"_ _a\"></span>ription of<span class=\"_ _a\"></span> the aud<span class=\"_ _a\"></span>itor\u2019s respons<span class=\"_ _a\"></span>ibilities w<span class=\"_ _a\"></span>hen perfor<span class=\"_ _a\"></span>ming an as<span class=\"_ _a\"></span>surance e<span class=\"_ _a\"></span>ngagement <span class=\"_ _a\"></span>of theESEF rep<span class=\"_ _a\"></span>orting, see<span class=\"_ _a\"></span>: <span class=\"fc10 ws267\">https:<span class=\"_ _a\"></span>//revisorforen<span class=\"_ _a\"></span>ingen.no/r<span class=\"_ _a\"></span>evisjons<span class=\"_ _a\"></span>beretninger<span class=\"_ _a\"></span></span>Oslo, 30<span class=\"_ _a\"></span> March 202<span class=\"_ _a\"></span>3Pricewater<span class=\"_ _0\"></span>houseCoopers AS<span class=\"fc6 sc0\">V</span><span class=\"fc6 sc0\">i</span><span class=\"fc6 sc0\">d</span><span class=\"fc6 sc0\">ar</span><span class=\"fc6 sc0\"> Lor</span><span class=\"_ _a\"></span><span class=\"fc6 sc0\">ent</span><span class=\"fc6 sc0\">z</span><span class=\"fc6 sc0\">en</span><span class=\"fc6 sc0\">S</span><span class=\"fc6 sc0\">t</span><span class=\"fc6 sc0\">at</span><span class=\"fc6 sc0\">e A</span><span class=\"fc6 sc0\">ut</span><span class=\"fc6 sc0\">h</span><span class=\"_ _a\"></span><span class=\"fc6 sc0\">or</span><span class=\"fc6 sc0\">i</span><span class=\"fc6 sc0\">s</span><span class=\"fc6 sc0\">ed </span><span class=\"fc6 sc0\">P</span><span class=\"fc6 sc0\">u</span><span class=\"_ _a\"></span><span class=\"fc6 sc0\">bl</span><span class=\"fc6 sc0\">i</span><span class=\"fc6 sc0\">c</span><span class=\"fc6 sc0\"> A</span>cc<span class=\"_ _a\"></span>ountant7 <span class=\"lsdd ws264\">/ </span>7218<span class=\"_ _ed\"> </span><span class=\"ff5\">Elopak</span>Alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>orma<span class=\"_ _0\"></span>nce Meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s (APMs)The Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>es and r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ts its consolid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts in accor<span class=\"_ _8\"></span>dance with Int<span class=\"_ _0\"></span>ernation<span class=\"_ _0\"></span>al Financi<span class=\"_ _0\"></span>al Reporting Stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds as i<span class=\"_ _0\"></span>ssued b<span class=\"_ _0\"></span>y the IASB and as endor<span class=\"_ _0\"></span>sed by t<span class=\"_ _0\"></span>he EU (IFR<span class=\"_ _0\"></span>S). In addition, the Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ents sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Alter<span class=\"_ _0\"></span>native P<span class=\"_ _8\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Me<span class=\"_ _0\"></span>asur<span class=\"_ _8\"></span>es (APMs).In accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h Eur<span class=\"_ _8\"></span>opean Securities and M<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et A<span class=\"_ _0\"></span>uthority (ESMA) guideline<span class=\"_ _0\"></span>s dat<span class=\"_ _0\"></span>ed May 10, 2015, an APM i<span class=\"_ _0\"></span>s underst<span class=\"_ _8\"></span>ood as a financial mea<span class=\"_ _0\"></span>sur<span class=\"_ _8\"></span>e of hist<span class=\"_ _0\"></span>orical or f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e financial perfor<span class=\"ws0\">-</span>mance, fin<span class=\"_ _0\"></span>ancial position, or c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s, other th<span class=\"_ _0\"></span>an a financial me<span class=\"_ _0\"></span>asur<span class=\"_ _8\"></span>e defined or specified in the applic<span class=\"_ _0\"></span>able financial r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>amework (IFR<span class=\"_ _0\"></span>S). It should be not<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at thes<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s do not ha<span class=\"_ _0\"></span>ve an<span class=\"_ _0\"></span>y stand<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>dized meanin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>escribed b<span class=\"_ _0\"></span>y IFRS and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore ar<span class=\"_ _8\"></span>e not neces<span class=\"_ _0\"></span>sarily compar<span class=\"_ _8\"></span>able to the c<span class=\"_ _0\"></span>alculation of simil<span class=\"_ _0\"></span>ar measur<span class=\"_ _8\"></span>es us<span class=\"_ _0\"></span>ed by other comp<span class=\"_ _0\"></span>anies. The APM<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>egul<span class=\"_ _0\"></span>arly r<span class=\"_ _0\"></span>eviewed b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _1\"></span>s m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement. The APM<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ted in additi<span class=\"_ _0\"></span>on to but ar<span class=\"_ _8\"></span>e not sub<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s consolid<span class=\"_ _0\"></span>ated fin<span class=\"_ _0\"></span>ancial stat<span class=\"_ _8\"></span>ements, pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed in accor<span class=\"_ _0\"></span>dance with IFR<span class=\"_ _8\"></span>S.The APMs pr<span class=\"_ _8\"></span>ovide supplement<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y inf<span class=\"_ _0\"></span>ormation t<span class=\"_ _8\"></span>o measur<span class=\"_ _0\"></span>e the Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _1\"></span>s perf<span class=\"_ _0\"></span>ormance and t<span class=\"_ _0\"></span>o enhance comp<span class=\"_ _0\"></span>a\u00acr<span class=\"_ _0\"></span>ability between financial <span class=\"_ _0\"></span>periods. The APM<span class=\"_ _0\"></span>s also pr<span class=\"_ _8\"></span>ovide meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es commonly r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ed and widely used b<span class=\"_ _0\"></span>y inves<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s, lender<span class=\"_ _8\"></span>, and other st<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>eholders as an indi<span class=\"ws0\">-</span>cat<span class=\"_ _0\"></span>or of the Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _1\"></span>s perf<span class=\"_ _0\"></span>ormance. The<span class=\"_ _0\"></span>se APM<span class=\"_ _0\"></span>s are amon<span class=\"_ _0\"></span>g other<span class=\"_ _8\"></span>, us<span class=\"_ _0\"></span>ed in plannin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>or and f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecas<span class=\"_ _0\"></span>ting f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e periods, including as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ssing our ability t<span class=\"_ _0\"></span>o incur and service debt including cov<span class=\"_ _0\"></span>enant complianc<span class=\"_ _0\"></span>e. APMs ar<span class=\"_ _8\"></span>e defined consist<span class=\"_ _0\"></span>ently o<span class=\"_ _0\"></span>ver time and ar<span class=\"_ _8\"></span>e based on the Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _f\"></span>s<span class=\"_ _a\"></span> cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts (IFR<span class=\"_ _0\"></span>S).EB<span class=\"_ _a\"></span>ITDAEBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A is a meas<span class=\"_ _0\"></span>ure of e<span class=\"_ _0\"></span>arnings bef<span class=\"_ _8\"></span>ore in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est, tax<span class=\"_ _8\"></span>es, depr<span class=\"_ _0\"></span>eciation, amor<span class=\"_ _a\"></span>tiz<span class=\"_ _0\"></span>ation, and impairmen<span class=\"_ _0\"></span>ts. The Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>his APM becau<span class=\"_ _0\"></span>se m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement consider<span class=\"_ _0\"></span>s it t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ovide us<span class=\"_ _0\"></span>eful s<span class=\"_ _0\"></span>upplemental inf<span class=\"_ _8\"></span>ormation f<span class=\"_ _0\"></span>or unders<span class=\"_ _0\"></span>tanding t<span class=\"_ _0\"></span>he over<span class=\"_ _8\"></span>all pictur<span class=\"_ _0\"></span>e of pr<span class=\"_ _0\"></span>ofit gener<span class=\"_ _0\"></span>ation in the Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _1\"></span>s oper<span class=\"_ _8\"></span>ating activities and f<span class=\"_ _8\"></span>or comparing its oper<span class=\"_ _8\"></span>ating per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormance with t<span class=\"_ _0\"></span>hat of other comp<span class=\"_ _0\"></span>anies.Adjust<span class=\"_ _8\"></span>ed EBIT<span class=\"_ _0\"></span>DAAdju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A is a mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of EBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A adjust<span class=\"_ _0\"></span>ed for c<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>tain it<span class=\"_ _0\"></span>ems aff<span class=\"_ _0\"></span>ecting compar<span class=\"_ _8\"></span>ability (the A<span class=\"_ _0\"></span>djustmen<span class=\"_ _0\"></span>t item<span class=\"_ _0\"></span>s) and further including t<span class=\"_ _0\"></span>he Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _f\"></span>s shar<span class=\"_ _0\"></span>e of net income f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om joint vent<span class=\"_ _8\"></span>ure<span class=\"_ _0\"></span>s (continued oper<span class=\"_ _0\"></span>ations) pr<span class=\"_ _8\"></span>esent<span class=\"_ _8\"></span>ed as par<span class=\"_ _a\"></span>t of financial income and e<span class=\"_ _8\"></span>xpenses. The 219Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ts thi<span class=\"_ _0\"></span>s APM becaus<span class=\"_ _0\"></span>e mana<span class=\"_ _0\"></span>gement consider<span class=\"_ _0\"></span>s it t<span class=\"_ _0\"></span>o be an impor<span class=\"_ _a\"></span>tant supplemen<span class=\"_ _0\"></span>tal meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e for under<span class=\"_ _8\"></span>standing t<span class=\"_ _0\"></span>he underlying pr<span class=\"_ _8\"></span>ofit generation in t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s operatin<span class=\"_ _0\"></span>g activities and comparin<span class=\"_ _0\"></span>g its oper<span class=\"_ _0\"></span>ating per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormance with t<span class=\"_ _0\"></span>hat of ot<span class=\"_ _0\"></span>her companies.Adjust<span class=\"_ _8\"></span>ed profit attributable t<span class=\"_ _8\"></span>o Elopak shar<span class=\"_ _0\"></span>eholdersAdju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed profit att<span class=\"_ _0\"></span>ributable t<span class=\"_ _0\"></span>o Elopak shar<span class=\"_ _8\"></span>eholders r<span class=\"_ _8\"></span>epre<span class=\"_ _0\"></span>sents t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s profit att<span class=\"_ _0\"></span>ributable t<span class=\"_ _0\"></span>o Elopak shar<span class=\"_ _8\"></span>e\u00acholders adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed for c<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>tain it<span class=\"_ _0\"></span>ems aff<span class=\"_ _0\"></span>ecting comp<span class=\"_ _0\"></span>arability<span class=\"_ _8\"></span>, taking in<span class=\"_ _0\"></span>to acc<span class=\"_ _0\"></span>ount the A<span class=\"_ _0\"></span>djustmen<span class=\"_ _0\"></span>t item<span class=\"_ _0\"></span>s, rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed estim<span class=\"_ _0\"></span>ated c<span class=\"_ _0\"></span>alculat<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y tax effect<span class=\"_ _0\"></span>s based on a 2<span class=\"_ _8\"></span>4% stat<span class=\"_ _8\"></span>utor<span class=\"_ _a\"></span>y tax r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and ex<span class=\"_ _8\"></span>cluding his<span class=\"_ _0\"></span>toric<span class=\"_ _0\"></span>al shar<span class=\"_ _8\"></span>e of net income fr<span class=\"_ _8\"></span>om joint vent<span class=\"_ _8\"></span>ure<span class=\"_ _0\"></span>s that h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e been dis<span class=\"_ _0\"></span>continued. The Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ts thi<span class=\"_ _0\"></span>s APM becaus<span class=\"_ _0\"></span>e man<span class=\"_ _0\"></span>agement con<span class=\"_ _0\"></span>siders it t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ovide us<span class=\"_ _0\"></span>eful s<span class=\"_ _0\"></span>upplemental inf<span class=\"_ _8\"></span>ormation f<span class=\"_ _0\"></span>or unders<span class=\"_ _0\"></span>tanding t<span class=\"_ _0\"></span>he Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _f\"></span>s profit attribut<span class=\"_ _0\"></span>able to Elopak shar<span class=\"_ _8\"></span>e\u00acholders and f<span class=\"_ _8\"></span>or compar<span class=\"_ _0\"></span>abilit<span class=\"_ _a\"></span>y purpo<span class=\"_ _0\"></span>ses wit<span class=\"_ _0\"></span>h other companie<span class=\"_ _0\"></span>s.Adjust<span class=\"_ _8\"></span>ed basic and dilut<span class=\"_ _0\"></span>ed earnin<span class=\"_ _0\"></span>gs per shar<span class=\"_ _8\"></span>e (Adjusted E<span class=\"_ _0\"></span>PS)Adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed EPS r<span class=\"_ _8\"></span>epre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s adjust<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>ofit attributable t<span class=\"_ _8\"></span>o Elopak shar<span class=\"_ _8\"></span>eholders divided by weight<span class=\"_ _8\"></span>ed aver<span class=\"_ _0\"></span>age number of or<span class=\"_ _8\"></span>dinar<span class=\"_ _a\"></span>y shar<span class=\"_ _8\"></span>es \u2013 basic and dilut<span class=\"_ _8\"></span>ed. Elopak pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s adjust<span class=\"_ _8\"></span>ed basic and dilut<span class=\"_ _8\"></span>ed earnings per sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e becaus<span class=\"_ _0\"></span>e man<span class=\"_ _0\"></span>agement con<span class=\"_ _0\"></span>siders it t<span class=\"_ _0\"></span>o be an impor<span class=\"_ _a\"></span>tant supplement<span class=\"_ _0\"></span>al measur<span class=\"_ _8\"></span>e for under<span class=\"_ _8\"></span>standing t<span class=\"_ _0\"></span>he Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s under<span class=\"_ _0\"></span>lying pr<span class=\"_ _0\"></span>ofit f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear (period) on a per shar<span class=\"_ _8\"></span>e basi<span class=\"_ _0\"></span>s and comparing its pr<span class=\"_ _8\"></span>ofit f<span class=\"_ _0\"></span>or the year (period) on a per sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e basi<span class=\"_ _0\"></span>s with th<span class=\"_ _0\"></span>at of other companie<span class=\"_ _0\"></span>s in the indus<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span>.Net debtNet debt is a me<span class=\"_ _0\"></span>asur<span class=\"_ _8\"></span>e of borrowin<span class=\"_ _0\"></span>gs (including li<span class=\"_ _0\"></span>abilities t<span class=\"_ _0\"></span>o financial in<span class=\"_ _0\"></span>stitution<span class=\"_ _0\"></span>s bef<span class=\"_ _0\"></span>ore amor<span class=\"ls0 ws0\">-</span>tization co<span class=\"_ _0\"></span>sts and includin<span class=\"_ _0\"></span>g lease li<span class=\"_ _0\"></span>abilities) les<span class=\"_ _0\"></span>s cash and c<span class=\"_ _0\"></span>ash equivalen<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or the period. The Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ts thi<span class=\"_ _0\"></span>s APM becaus<span class=\"_ _0\"></span>e man<span class=\"_ _0\"></span>agement consider<span class=\"_ _8\"></span>s it as a usef<span class=\"_ _8\"></span>ul indicator of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s indebtedne<span class=\"_ _0\"></span>ss, fin<span class=\"_ _0\"></span>ancial flexibility and capit<span class=\"_ _0\"></span>al struct<span class=\"_ _8\"></span>ure becau<span class=\"_ _0\"></span>se it indicat<span class=\"_ _8\"></span>es the lev<span class=\"_ _0\"></span>el of borr<span class=\"_ _0\"></span>owing<span class=\"_ _0\"></span>s after takin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>o account ca<span class=\"_ _0\"></span>sh and cas<span class=\"_ _0\"></span>h equivalents wit<span class=\"_ _0\"></span>hin the Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _1\"></span>s bu<span class=\"_ _0\"></span>si<span class=\"ws0\">-</span>nes<span class=\"_ _0\"></span>s that could be utiliz<span class=\"_ _8\"></span>ed to pay do<span class=\"_ _0\"></span>wn outstandin<span class=\"_ _0\"></span>g borr<span class=\"_ _0\"></span>owing<span class=\"_ _0\"></span>s. Net debt is al<span class=\"_ _0\"></span>so us<span class=\"_ _0\"></span>ed for monit<span class=\"_ _0\"></span>oring the Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _f\"></span>s financial cov<span class=\"_ _0\"></span>enant<span class=\"_ _0\"></span>s compliance by m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement.Net debt<span class=\"_ _a\"></span>/<span class=\"_ _1\"></span>adjusted E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A (Lever<span class=\"_ _8\"></span>age r<span class=\"_ _0\"></span>atio)Lev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age r<span class=\"_ _0\"></span>atio is a mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of net debt divided by adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _8\"></span>DA. The Gr<span class=\"_ _8\"></span>oup pre<span class=\"_ _0\"></span>sents t<span class=\"_ _0\"></span>his APM becaus<span class=\"_ _0\"></span>e man<span class=\"_ _0\"></span>agement con<span class=\"_ _0\"></span>siders it a<span class=\"_ _0\"></span>s a usef<span class=\"_ _8\"></span>ul indicator of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s abilit<span class=\"_ _a\"></span>y t<span class=\"_ _0\"></span>o meet its fin<span class=\"_ _0\"></span>ancial obligations. Net debt/<span class=\"_ _1\"></span>adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A is als<span class=\"_ _0\"></span>o used f<span class=\"_ _8\"></span>or monitorin<span class=\"_ _0\"></span>g the Gr<span class=\"_ _8\"></span>oup\u2019<span class=\"_ _1\"></span>s financial c<span class=\"_ _0\"></span>oven<span class=\"_ _0\"></span>ants complianc<span class=\"_ _0\"></span>e by man<span class=\"_ _0\"></span>agement.220<span class=\"_ _315\"> </span><span class=\"ff8 ls0 ws0\">Elopak</span>Adjust<span class=\"_ _8\"></span>ed EBIT<span class=\"_ _8\"></span>DAIt<span class=\"_ _0\"></span>ems ex<span class=\"_ _8\"></span>cluded f<span class=\"_ _0\"></span>rom adjus<span class=\"_ _0\"></span>ted EBI<span class=\"_ _8\"></span>TD<span class=\"_ _0\"></span>AY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedDecember 31December 31(EUR 1,000)20222021Impairment fix<span class=\"_ _0\"></span>ed and long t<span class=\"_ _0\"></span>erm assets Uk<span class=\"_ _0\"></span>raine<span class=\"_ _331\"> </span>4189<span class=\"_ _332\"> </span> -Impairment short term as<span class=\"_ _0\"></span>sets Ukr<span class=\"_ _0\"></span>aine<span class=\"_ _2de\"> </span>2146<span class=\"_ _28c\"> </span> -Onerou<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>acts<span class=\"_ _74\"> </span>100<span class=\"_ _332\"> </span> -T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ansaction cos<span class=\"_ _0\"></span>ts<span class=\"_ _4f\"> </span>2888<span class=\"_ _dc\"> </span> 6,820T<span class=\"_ _1\"></span>otal adjusted it<span class=\"_ _8\"></span>ems<span class=\"_ _9e\"> </span>9,322<span class=\"_ _284\"> </span> 6,8201)Calculat<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y tax eff<span class=\"_ _0\"></span>ect 165<span class=\"_ _202\"> </span> -1,637T<span class=\"_ _1\"></span>otal adjusted it<span class=\"_ _8\"></span>ems net of tax<span class=\"_ _1f3\"> </span>9,48<span class=\"_ _0\"></span>7<span class=\"_ _28a\"> </span> 5,1831)Calculat<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y tax eff<span class=\"_ _0\"></span>ect on adjust<span class=\"_ _0\"></span>ed items at 2<span class=\"_ _8\"></span>4%R<span class=\"_ _0\"></span>econciliation of EBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A and adjust<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>AY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedDecember 31December 31(EUR 1,000)20222021Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _31f\"> </span>21,77<span class=\"_ _1\"></span>4<span class=\"_ _284\"> </span>49,22<span class=\"_ _0\"></span>4Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tisation and imp<span class=\"_ _0\"></span>airment adjust<span class=\"_ _0\"></span>ed<span class=\"_ _14d\"> </span>63,9<span class=\"_ _8\"></span>38<span class=\"_ _2bb\"> </span>54,097Impairment fix<span class=\"_ _0\"></span>ed and long t<span class=\"_ _0\"></span>erm assets Uk<span class=\"_ _0\"></span>raine<span class=\"_ _331\"> </span>4189<span class=\"_ _162\"> </span>-EB<span class=\"_ _a\"></span>ITDA<span class=\"_ _230\"> </span>109,901<span class=\"_ _b1\"> </span>103,320T<span class=\"_ _1\"></span>otal adjusted it<span class=\"_ _8\"></span>ems with EBIT<span class=\"_ _0\"></span>DA impact<span class=\"_ _e9\"> </span>5134<span class=\"_ _13b\"> </span>68202) 3)Shar<span class=\"_ _0\"></span>e of net income fr<span class=\"_ _8\"></span>om joint ventur<span class=\"_ _0\"></span>es (continued oper<span class=\"_ _8\"></span>ations) 4,37<span class=\"_ _0\"></span>8<span class=\"_ _2c2\"> </span>3,575Adjust<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _0\"></span>DA<span class=\"_ _234\"> </span>119,413<span class=\"_ _1b2\"> </span>113,7152)Shar<span class=\"_ _0\"></span>e of net income and impairment on inve<span class=\"_ _0\"></span>stment f<span class=\"_ _0\"></span>rom join<span class=\"_ _0\"></span>t ventur<span class=\"_ _8\"></span>es included in adjusted fig<span class=\"_ _0\"></span>ures3)See rec<span class=\"_ _0\"></span>onciliation of net income fr<span class=\"_ _0\"></span>om joint vent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>sAdjust<span class=\"_ _8\"></span>ed profit attributable t<span class=\"_ _8\"></span>o Elopak shar<span class=\"_ _0\"></span>eholdersY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedDecember 31December 31(EUR 1,000)20222021Pr<span class=\"_ _0\"></span>ofit fr<span class=\"_ _8\"></span>om continuing operation<span class=\"_ _0\"></span>s<span class=\"_ _244\"> </span>34,47<span class=\"_ _0\"></span>8<span class=\"_ _dc\"> </span>30,271T<span class=\"_ _1\"></span>otal adjusted it<span class=\"_ _8\"></span>ems net of tax<span class=\"_ _245\"> </span>9,487<span class=\"_ _13b\"> </span>5,183Adjust<span class=\"_ _0\"></span>ed profit<span class=\"_ _31d\"> </span>43,966<span class=\"_ _2d5\"> </span>35,454221Net debt and lev<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e ratioY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedDecember 31December 31(EUR 1,000)202220211)Bank debt 305,000 <span class=\"_ _d2\"> </span>170,000Over<span class=\"_ _0\"></span>draft f<span class=\"_ _0\"></span>acilities<span class=\"_ _236\"> </span> 21,682 <span class=\"_ _217\"> </span> 14,420Cash and equivalen<span class=\"_ _0\"></span>ts<span class=\"_ _334\"> </span> -25,883 <span class=\"_ _c3\"> </span> -2<span class=\"_ _0\"></span>4,262Leas<span class=\"_ _0\"></span>e liabilities <span class=\"_ _1ed\"> </span> 90,67<span class=\"_ _1\"></span>4 <span class=\"_ _1f9\"> </span> 80,604Net debt<span class=\"_ _1dd\"> </span>3<span class=\"_ _0\"></span>91,473 <span class=\"_ _c3\"> </span>240,7<span class=\"_ _1\"></span>621) Bank debt is ex<span class=\"_ _8\"></span>cluding amor<span class=\"_ _a\"></span>tised bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>g costs of EUR,9<span class=\"_ _0\"></span>67 thousand a<span class=\"_ _0\"></span>s of December 31,,2022 and EUR,567 t<span class=\"_ _0\"></span>housand as of December 31,,20212)Lev<span class=\"_ _0\"></span>erage r<span class=\"_ _0\"></span>atio 3,32)Lev<span class=\"_ _0\"></span>erage r<span class=\"_ _0\"></span>atio per December 31,,2022 i<span class=\"_ _0\"></span>s calculat<span class=\"_ _0\"></span>ed based on l<span class=\"_ _0\"></span>ast twelve mon<span class=\"_ _0\"></span>ths adjust<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _0\"></span>DA of EUR,119,413 t<span class=\"_ _0\"></span>housandAdjust<span class=\"_ _8\"></span>ed earnings per sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedDecember 31December 31(EUR 1,000 ex<span class=\"_ _0\"></span>cept number of shar<span class=\"_ _8\"></span>es)20222021W<span class=\"_ _0\"></span>eighted-a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age number of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _2b2\"> </span>269,215,990<span class=\"_ _69\"> </span>260,786,305Pr<span class=\"_ _0\"></span>ofit fr<span class=\"_ _8\"></span>om continuing operation<span class=\"_ _0\"></span>s<span class=\"_ _2e0\"> </span>34,478<span class=\"_ _284\"> </span>30,271Adjust<span class=\"_ _8\"></span>ed profit<span class=\"_ _333\"> </span>43,966<span class=\"_ _1b2\"> </span>35,454Basic and dilut<span class=\"_ _0\"></span>ed earning per shar<span class=\"_ _8\"></span>e (in EUR)<span class=\"_ _2bd\"> </span> 0.13 <span class=\"_ _173\"> </span> 0.12Adjust<span class=\"_ _0\"></span>ed basic and dilut<span class=\"_ _0\"></span>ed earning per sh<span class=\"_ _0\"></span>are (in EU<span class=\"_ _0\"></span>R)<span class=\"_ _10d\"> </span>0.16<span class=\"_ _2fd\"> </span>0.14R<span class=\"_ _0\"></span>econciliation of net income f<span class=\"_ _8\"></span>rom joint v<span class=\"_ _0\"></span>entur<span class=\"_ _8\"></span>esY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e endedY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended(EUR 1,000)December 31December 3120222021Lala Elopak S.A. de C.V.<span class=\"_ _fa\"> </span>2,665<span class=\"_ _199\"> </span> 2,589Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Y<span class=\"_ _8\"></span>aque<span class=\"_ _2f0\"> </span>1,82<span class=\"_ _0\"></span>4<span class=\"_ _2fd\"> </span>1,124Elopak Nampak Af<span class=\"_ _8\"></span>rica Ltd<span class=\"_ _1ac\"> </span><span class=\"ff1\">-112<span class=\"_ _27c\"> </span></span> -137T<span class=\"_ _1\"></span>otal shar<span class=\"_ _0\"></span>e of net income joint vent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s<span class=\"_ _198\"> </span>4,3<span class=\"_ _0\"></span>78<span class=\"_ _28a\"> </span>3,575222ElopakAdditional<span class=\"_ _a\"></span> In<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormationCON<span class=\"_ _0\"></span>T<span class=\"_ _f\"></span>AC<span class=\"_ _8\"></span>T INF<span class=\"_ _0\"></span>OR<span class=\"_ _0\"></span>MA<span class=\"_ _1\"></span>T<span class=\"_ _8\"></span>IONFINANCIAL CALEND<span class=\"_ _8\"></span>ARMirza K<span class=\"_ _8\"></span>orist<span class=\"_ _8\"></span>ovicMay 4, 2<span class=\"_ _0\"></span>023 Quar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>erly R<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t \u2013 Q1Head of Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>or R<span class=\"_ _0\"></span>elationsMay 11, 2<span class=\"_ _0\"></span>023 Annual Gener<span class=\"_ _0\"></span>al Meeting+47 9<span class=\"_ _8\"></span>38 7<span class=\"_ _0\"></span>0 525A<span class=\"_ _0\"></span>ugust 17, 2<span class=\"_ _0\"></span>023 Half-<span class=\"_ _8\"></span>Y<span class=\"_ _8\"></span>early R<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>tNov<span class=\"_ _0\"></span>ember 2, 2023 Quar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>erly R<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t-Q3Bent Ax<span class=\"_ _8\"></span>elsenChief Financial Offic<span class=\"_ _0\"></span>erElopak r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ve<span class=\"_ _0\"></span>s the right t<span class=\"_ _8\"></span>o alter d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s.+47 977 56 57<span class=\"_ _8\"></span>8Caution<span class=\"_ _0\"></span>ar<span class=\"_ _16\"></span>y not<span class=\"_ _8\"></span>eThe annual r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t contains c<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>tain f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>d-looking stat<span class=\"_ _0\"></span>ements. F<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _0\"></span>d-looking stat<span class=\"_ _8\"></span>ements ar<span class=\"_ _0\"></span>e stat<span class=\"_ _0\"></span>ements th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e not hist<span class=\"_ _0\"></span>orical f<span class=\"_ _8\"></span>acts and may be identified b<span class=\"_ _0\"></span>y wor<span class=\"_ _0\"></span>ds such as \u201cpl<span class=\"_ _0\"></span>ans,\u201d \u201ctar<span class=\"_ _0\"></span>gets,\u201d \u201caims,\u201d \u201cbeliev<span class=\"_ _0\"></span>es,\u201d \u201c<span class=\"_ _8\"></span>expects,\u201d \u201canticipat<span class=\"_ _0\"></span>es,\u201d \u201cint<span class=\"_ _8\"></span>ends,\u201d \u201c<span class=\"_ _0\"></span>estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s,\u201d \u201cwill,\u201d \u201cmay<span class=\"_ _8\"></span>,\u201d \u201c<span class=\"_ _0\"></span>continues,\u201d \u201cshould\u201d and simil<span class=\"_ _0\"></span>ar expr<span class=\"_ _8\"></span>essions. An<span class=\"_ _0\"></span>y stat<span class=\"_ _0\"></span>ement, estim<span class=\"_ _0\"></span>ate, or pr<span class=\"_ _8\"></span>ojections included in the Inf<span class=\"_ _0\"></span>ormation (or upon which an<span class=\"_ _0\"></span>y of the conclusion<span class=\"_ _0\"></span>s contained her<span class=\"_ _0\"></span>ein ar<span class=\"_ _0\"></span>e bas<span class=\"_ _0\"></span>ed) with r<span class=\"_ _0\"></span>espect t<span class=\"_ _0\"></span>o anticipat<span class=\"_ _0\"></span>ed fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance (includin<span class=\"_ _0\"></span>g, without limitation, an<span class=\"_ _0\"></span>y stat<span class=\"_ _0\"></span>ement, estim<span class=\"_ _0\"></span>ate, or pr<span class=\"_ _0\"></span>ojection with r<span class=\"_ _0\"></span>espect t<span class=\"_ _0\"></span>o the condition (fin<span class=\"_ _0\"></span>ancial or otherwise), pr<span class=\"_ _8\"></span>ospects, busine<span class=\"_ _0\"></span>ss str<span class=\"_ _8\"></span>ategy, pl<span class=\"_ _0\"></span>ans or objectives of Elopak and/<span class=\"_ _1\"></span>or any of its affiliat<span class=\"_ _8\"></span>es) reflect, at t<span class=\"_ _0\"></span>he time made, the Compan<span class=\"_ _8\"></span>y<span class=\"_ _16\"></span>\u2019<span class=\"_ _1\"></span>s belief<span class=\"_ _0\"></span>s, int<span class=\"_ _0\"></span>entions, and curr<span class=\"_ _8\"></span>ent target<span class=\"_ _0\"></span>s/aims and ma<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>ve not t<span class=\"_ _0\"></span>o be corr<span class=\"_ _0\"></span>ect. Although the Compan<span class=\"_ _0\"></span>y believe<span class=\"_ _0\"></span>s that t<span class=\"_ _0\"></span>hese as<span class=\"_ _0\"></span>sumptions wer<span class=\"_ _8\"></span>e rea<span class=\"_ _0\"></span>sonable when made, t<span class=\"_ _0\"></span>hese as<span class=\"_ _0\"></span>sumptions ar<span class=\"_ _8\"></span>e inherent<span class=\"_ _0\"></span>ly subject to sig<span class=\"_ _0\"></span>nificant kno<span class=\"_ _0\"></span>wn and unknown ri<span class=\"_ _0\"></span>sks, uncertainties, conting<span class=\"_ _0\"></span>encies, and other important f<span class=\"_ _0\"></span>actor<span class=\"_ _0\"></span>s which ar<span class=\"_ _0\"></span>e difficult or impossible t<span class=\"_ _8\"></span>o predict and ar<span class=\"_ _0\"></span>e beyond it<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ol. No r<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>sentation or w<span class=\"_ _0\"></span>arran<span class=\"_ _0\"></span>ty is given as t<span class=\"_ _0\"></span>o the complet<span class=\"_ _0\"></span>eness or acc<span class=\"_ _0\"></span>uracy of an<span class=\"_ _8\"></span>y forward-lookin<span class=\"_ _0\"></span>g stateme<span class=\"_ _a\"></span>nt contained in t<span class=\"_ _0\"></span>he Infor<span class=\"_ _0\"></span>mation or the acc<span class=\"_ _0\"></span>uracy of an<span class=\"_ _0\"></span>y of the underlyin<span class=\"_ _0\"></span>g assump<span class=\"_ _0\"></span>tions.223",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__23": {
   "value": "Not<span class=\"_ _0\"></span>e 4 \u2014 Critic<span class=\"_ _0\"></span>al accounting judg<span class=\"_ _0\"></span>ments and k<span class=\"_ _8\"></span>ey sour<span class=\"_ _8\"></span>ces of esti<span class=\"_ _0\"></span>mation uncer<span class=\"_ _a\"></span>tai<span class=\"_ _0\"></span>ntyI In the applic<span class=\"_ _0\"></span>ation of Elopak\u2019<span class=\"_ _1\"></span>s acc<span class=\"_ _0\"></span>ounting policie<span class=\"_ _0\"></span>s, which ar<span class=\"_ _0\"></span>e described in Not<span class=\"_ _8\"></span>e 3, manag<span class=\"_ _0\"></span>ement is r<span class=\"_ _8\"></span>equired t<span class=\"_ _8\"></span>o mak<span class=\"_ _0\"></span>e judgment<span class=\"_ _0\"></span>s, estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s, and as<span class=\"_ _0\"></span>sumptions about t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>ts of ass<span class=\"_ _0\"></span>ets and liabilities t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e not re<span class=\"_ _0\"></span>adily appar<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om other sour<span class=\"_ _8\"></span>ces. The e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>es and ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed<span class=\"_ _a\"></span> ass<span class=\"_ _0\"></span>umptions ar<span class=\"_ _8\"></span>e based on hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical e<span class=\"_ _0\"></span>xperience and other f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to be r<span class=\"_ _0\"></span>elevant. A<span class=\"_ _0\"></span>ctual r<span class=\"_ _8\"></span>esult<span class=\"_ _0\"></span>s may diff<span class=\"_ _8\"></span>er fr<span class=\"_ _8\"></span>om thes<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.The es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es and under<span class=\"_ _0\"></span>lying as<span class=\"_ _0\"></span>sumption<span class=\"_ _0\"></span>s are <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>viewed on a r<span class=\"_ _8\"></span>egular ba<span class=\"_ _0\"></span>sis. R<span class=\"_ _8\"></span>evisions t<span class=\"_ _8\"></span>o accounting es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e recog<span class=\"_ _0\"></span>nized in t<span class=\"_ _0\"></span>he period in which the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>e is r<span class=\"_ _8\"></span>evised if t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>evision aff<span class=\"_ _8\"></span>ects only th<span class=\"_ _0\"></span>at period or in the period of the r<span class=\"_ _8\"></span>evision and f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e periods if the r<span class=\"_ _8\"></span>evision aff<span class=\"_ _8\"></span>ects both curr<span class=\"_ _8\"></span>ent and fut<span class=\"_ _8\"></span>ure period<span class=\"_ _0\"></span>s.Busines<span class=\"_ _0\"></span>s combination<span class=\"_ _0\"></span>sIn a busine<span class=\"_ _0\"></span>ss combination, t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets acquir<span class=\"_ _8\"></span>ed and liabilities ass<span class=\"_ _0\"></span>umed ar<span class=\"_ _0\"></span>e valued at f<span class=\"_ _8\"></span>air value at the time of acqui<span class=\"_ _0\"></span>sition. The various a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities ar<span class=\"_ _8\"></span>e valued on the ba<span class=\"_ _0\"></span>sis of diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ent models, r<span class=\"_ _8\"></span>equiring estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and as<span class=\"_ _0\"></span>sumptions t<span class=\"_ _8\"></span>o be made. Goodwill is the r<span class=\"_ _8\"></span>esidual value in thi<span class=\"_ _0\"></span>s allocation. Err<span class=\"_ _8\"></span>ors in e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>es and ass<span class=\"_ _0\"></span>umptions can lead t<span class=\"_ _8\"></span>o an error in t<span class=\"_ _0\"></span>he split of the value between t<span class=\"_ _0\"></span>he various a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities incl. goodwill, but t<span class=\"_ _0\"></span>he sum of the t<span class=\"_ _8\"></span>otal e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss value<span class=\"_ _0\"></span>s will alway<span class=\"_ _0\"></span>s be consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h the pur<span class=\"_ _8\"></span>chase pric<span class=\"_ _0\"></span>e paid.The us<span class=\"_ _0\"></span>eful liv<span class=\"_ _0\"></span>es of the in<span class=\"_ _0\"></span>tangible a<span class=\"_ _0\"></span>ssets acquir<span class=\"_ _8\"></span>ed in a busines<span class=\"_ _0\"></span>s combination ar<span class=\"_ _8\"></span>e asse<span class=\"_ _0\"></span>ssed a<span class=\"_ _0\"></span>s either finit<span class=\"_ _8\"></span>e or indefinite and ma<span class=\"_ _0\"></span>y in some ca<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s involve con<span class=\"_ _0\"></span>siderable judg<span class=\"_ _0\"></span>ements. Int<span class=\"_ _0\"></span>angible ass<span class=\"_ _0\"></span>ets acquir<span class=\"_ _8\"></span>ed with finite u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul lives ar<span class=\"_ _8\"></span>e amor<span class=\"_ _a\"></span>tised o<span class=\"_ _0\"></span>ver the u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul economic lif<span class=\"_ _0\"></span>e and ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _8\"></span>e is an indication th<span class=\"_ _0\"></span>at the int<span class=\"_ _0\"></span>angible ass<span class=\"_ _0\"></span>et ma<span class=\"_ _0\"></span>y be impair<span class=\"_ _0\"></span>ed. The amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation period and the amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation method f<span class=\"_ _8\"></span>or an intangible as<span class=\"_ _0\"></span>set with a finit<span class=\"_ _8\"></span>e usef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eviewed at lea<span class=\"_ _0\"></span>st at the end of each r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period. Chan<span class=\"_ _0\"></span>ges in <span class=\"_ _0\"></span>the e<span class=\"_ _0\"></span>xpected u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e or the e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed patt<span class=\"_ _0\"></span>ern of consumption <span class=\"_ _0\"></span>of fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e economic benefits embodied in t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o modify the amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation period or method, as appr<span class=\"_ _8\"></span>opriate, and ar<span class=\"_ _8\"></span>e tr<span class=\"_ _8\"></span>eated as ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in accountin<span class=\"_ _0\"></span>g estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.Accor<span class=\"_ _8\"></span>ding t<span class=\"_ _0\"></span>o IFRS 3, g<span class=\"_ _0\"></span>oodwill is t<span class=\"_ _0\"></span>o be allocat<span class=\"_ _0\"></span>ed at the acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>o each of the acquir<span class=\"_ _0\"></span>er's CGUs, or gr<span class=\"_ _8\"></span>oups of CGUs, which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _8\"></span>ed to benefit f<span class=\"_ _8\"></span>rom the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s combination. This can include e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>ting CGUs of the acquir<span class=\"_ _8\"></span>er irr<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e of whether ot<span class=\"_ _0\"></span>her ass<span class=\"_ _0\"></span>ets or liabilities of the acquir<span class=\"_ _8\"></span>ee are a<span class=\"_ _0\"></span>ssigned t<span class=\"_ _8\"></span>o those unit<span class=\"_ _0\"></span>s. The identification of CGUs m<span class=\"_ _0\"></span>ay r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e significant judgement b<span class=\"_ _0\"></span>y man<span class=\"_ _0\"></span>agement.Elopak h<span class=\"_ _0\"></span>as acquir<span class=\"_ _0\"></span>ed 50% of the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in GLS Elopak and c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>es the compan<span class=\"_ _8\"></span>y as a sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y in Elopak\u2019<span class=\"_ _1\"></span>s c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. The shar<span class=\"_ _8\"></span>eholder agr<span class=\"_ _0\"></span>eement pr<span class=\"_ _8\"></span>ovides Elopak with e<span class=\"_ _8\"></span>xposur<span class=\"_ _8\"></span>e to vari<span class=\"_ _0\"></span>able ret<span class=\"_ _8\"></span>urns and power t<span class=\"_ _0\"></span>o aff<span class=\"_ _0\"></span>ect the r<span class=\"_ _8\"></span>eturns f<span class=\"_ _8\"></span>rom GL<span class=\"_ _0\"></span>S Elopak, which means t<span class=\"_ _0\"></span>hat Elopak h<span class=\"_ _0\"></span>as cont<span class=\"_ _0\"></span>rol of GL<span class=\"_ _0\"></span>S Elopak in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 10.War in Uk<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aineIn Mar<span class=\"_ _8\"></span>ch 2022, Elopak sus<span class=\"_ _0\"></span>pended all activities in R<span class=\"_ _8\"></span>ussia and r<span class=\"_ _8\"></span>estar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ations in Ukr<span class=\"_ _8\"></span>aine after a t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y close-do<span class=\"_ _0\"></span>wn. Due to t<span class=\"_ _0\"></span>he ongoin<span class=\"_ _0\"></span>g nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of the crisi<span class=\"_ _0\"></span>s, ther<span class=\"_ _8\"></span>e is estim<span class=\"_ _0\"></span>ation uncer<span class=\"_ _a\"></span>tainty inv<span class=\"_ _0\"></span>olved in the a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of impair<span class=\"_ _0\"></span>ment in Ukr<span class=\"_ _8\"></span>aine and fair v<span class=\"_ _0\"></span>alue of the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>O Elopak R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>a. Impairment in Uk<span class=\"_ _0\"></span>raine i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted in no<span class=\"_ _0\"></span>te 13 and di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>a<span class=\"ws0\">-</span>tions in R<span class=\"_ _8\"></span>ussia is pr<span class=\"_ _8\"></span>esen<span class=\"_ _0\"></span>ted in .Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>etsMan<span class=\"_ _0\"></span>agement h<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>xer<span class=\"_ _8\"></span>cised judg<span class=\"_ _0\"></span>ment in ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the r<span class=\"_ _8\"></span>ecognition of tax los<span class=\"_ _0\"></span>s carr<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span>forwar<span class=\"_ _8\"></span>d for Elopak\u2019<span class=\"_ _f\"></span>s various entitie<span class=\"_ _0\"></span>s and the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulting def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>set. The judgmen<span class=\"_ _0\"></span>t is bas<span class=\"_ _0\"></span>ed upon the entitie<span class=\"_ _0\"></span>s\u2019 ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed ability to gener<span class=\"_ _8\"></span>ate f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flows th<span class=\"_ _0\"></span>at will enable t<span class=\"_ _0\"></span>he entities t<span class=\"_ _0\"></span>o do so<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sments imply a degr<span class=\"_ _8\"></span>ee of uncer<span class=\"_ _a\"></span>tainty r<span class=\"_ _0\"></span>elatin<span class=\"_ _0\"></span>g to s<span class=\"_ _0\"></span>uch fut<span class=\"_ _8\"></span>ure ev<span class=\"_ _0\"></span>ents. T<span class=\"_ _1\"></span>ax e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s and def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e pre<span class=\"_ _0\"></span>sent<span class=\"_ _8\"></span>ed in Note 18.T<span class=\"_ _1\"></span>ax disput<span class=\"_ _8\"></span>esIn tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es, Elopak ac<span class=\"_ _0\"></span>counts f<span class=\"_ _8\"></span>or tax cost<span class=\"_ _0\"></span>s accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o decisions m<span class=\"_ _0\"></span>ade by local<span class=\"_ _0\"></span> tax authoritie<span class=\"_ _0\"></span>s or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er pricing adjus<span class=\"_ _0\"></span>tments h<span class=\"_ _8\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual ag<span class=\"_ _0\"></span>reemen<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es (MAP) between the aff<span class=\"_ _8\"></span>ected coun<span class=\"_ _0\"></span>tries ar<span class=\"_ _8\"></span>e normally av<span class=\"_ _0\"></span>ailable. A suc<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ful MAP pr<span class=\"_ _8\"></span>ocedure, a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a gr<span class=\"_ _8\"></span>oup company<span class=\"_ _8\"></span>, thus r<span class=\"_ _8\"></span>emoving t<span class=\"_ _0\"></span>he tax cos<span class=\"_ _0\"></span>t for Elop<span class=\"_ _0\"></span>ak. Wher<span class=\"_ _0\"></span>e a MAP proc<span class=\"_ _0\"></span>ess i<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>able, Elopak r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _8\"></span>es tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the outc<span class=\"_ _0\"></span>ome of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do no<span class=\"_ _0\"></span>t agr<span class=\"_ _0\"></span>ee, taxpay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e the right t<span class=\"_ _0\"></span>o demand ar<span class=\"_ _0\"></span>bitr<span class=\"_ _0\"></span>ation. Details r<span class=\"_ _8\"></span>egar<span class=\"_ _0\"></span>ding ong<span class=\"_ _0\"></span>oing tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e described in Not<span class=\"_ _0\"></span>e 18.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__22-1": {
   "value": "Busines<span class=\"_ _0\"></span>s combination<span class=\"_ _0\"></span>sIn a busine<span class=\"_ _0\"></span>ss combination, t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets acquir<span class=\"_ _8\"></span>ed and liabilities ass<span class=\"_ _0\"></span>umed ar<span class=\"_ _0\"></span>e valued at f<span class=\"_ _8\"></span>air value at the time of acqui<span class=\"_ _0\"></span>sition. The various a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities ar<span class=\"_ _8\"></span>e valued on the ba<span class=\"_ _0\"></span>sis of diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ent models, r<span class=\"_ _8\"></span>equiring estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and as<span class=\"_ _0\"></span>sumptions t<span class=\"_ _8\"></span>o be made. Goodwill is the r<span class=\"_ _8\"></span>esidual value in thi<span class=\"_ _0\"></span>s allocation. Err<span class=\"_ _8\"></span>ors in e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>es and ass<span class=\"_ _0\"></span>umptions can lead t<span class=\"_ _8\"></span>o an error in t<span class=\"_ _0\"></span>he split of the value between t<span class=\"_ _0\"></span>he various a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities incl. goodwill, but t<span class=\"_ _0\"></span>he sum of the t<span class=\"_ _8\"></span>otal e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss value<span class=\"_ _0\"></span>s will alway<span class=\"_ _0\"></span>s be consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h the pur<span class=\"_ _8\"></span>chase pric<span class=\"_ _0\"></span>e paid.The us<span class=\"_ _0\"></span>eful liv<span class=\"_ _0\"></span>es of the in<span class=\"_ _0\"></span>tangible a<span class=\"_ _0\"></span>ssets acquir<span class=\"_ _8\"></span>ed in a busines<span class=\"_ _0\"></span>s combination ar<span class=\"_ _8\"></span>e asse<span class=\"_ _0\"></span>ssed a<span class=\"_ _0\"></span>s either finit<span class=\"_ _8\"></span>e or indefinite and ma<span class=\"_ _0\"></span>y in some ca<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s involve con<span class=\"_ _0\"></span>siderable judg<span class=\"_ _0\"></span>ements. Int<span class=\"_ _0\"></span>angible ass<span class=\"_ _0\"></span>ets acquir<span class=\"_ _8\"></span>ed with finite u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul lives ar<span class=\"_ _8\"></span>e amor<span class=\"_ _a\"></span>tised o<span class=\"_ _0\"></span>ver the u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul economic lif<span class=\"_ _0\"></span>e and ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _8\"></span>e is an indication th<span class=\"_ _0\"></span>at the int<span class=\"_ _0\"></span>angible ass<span class=\"_ _0\"></span>et ma<span class=\"_ _0\"></span>y be impair<span class=\"_ _0\"></span>ed. The amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation period and the amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation method f<span class=\"_ _8\"></span>or an intangible as<span class=\"_ _0\"></span>set with a finit<span class=\"_ _8\"></span>e usef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eviewed at lea<span class=\"_ _0\"></span>st at the end of each r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period. Chan<span class=\"_ _0\"></span>ges in <span class=\"_ _0\"></span>the e<span class=\"_ _0\"></span>xpected u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul lif<span class=\"_ _0\"></span>e or the e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed patt<span class=\"_ _0\"></span>ern of consumption <span class=\"_ _0\"></span>of fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e economic benefits embodied in t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o modify the amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ation period or method, as appr<span class=\"_ _8\"></span>opriate, and ar<span class=\"_ _8\"></span>e tr<span class=\"_ _8\"></span>eated as ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in accountin<span class=\"_ _0\"></span>g estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.Accor<span class=\"_ _8\"></span>ding t<span class=\"_ _0\"></span>o IFRS 3, g<span class=\"_ _0\"></span>oodwill is t<span class=\"_ _0\"></span>o be allocat<span class=\"_ _0\"></span>ed at the acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>o each of the acquir<span class=\"_ _0\"></span>er's CGUs, or gr<span class=\"_ _8\"></span>oups of CGUs, which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _8\"></span>ed to benefit f<span class=\"_ _8\"></span>rom the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s combination. This can include e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>ting CGUs of the acquir<span class=\"_ _8\"></span>er irr<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e of whether ot<span class=\"_ _0\"></span>her ass<span class=\"_ _0\"></span>ets or liabilities of the acquir<span class=\"_ _8\"></span>ee are a<span class=\"_ _0\"></span>ssigned t<span class=\"_ _8\"></span>o those unit<span class=\"_ _0\"></span>s. The identification of CGUs m<span class=\"_ _0\"></span>ay r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e significant judgement b<span class=\"_ _0\"></span>y man<span class=\"_ _0\"></span>agement.Elopak h<span class=\"_ _0\"></span>as acquir<span class=\"_ _0\"></span>ed 50% of the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in GLS Elopak and c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>es the compan<span class=\"_ _8\"></span>y as a sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y in Elopak\u2019<span class=\"_ _1\"></span>s c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _8\"></span>ed financial st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>ts. The shar<span class=\"_ _8\"></span>eholder agr<span class=\"_ _0\"></span>eement pr<span class=\"_ _8\"></span>ovides Elopak with e<span class=\"_ _8\"></span>xposur<span class=\"_ _8\"></span>e to vari<span class=\"_ _0\"></span>able ret<span class=\"_ _8\"></span>urns and power t<span class=\"_ _0\"></span>o aff<span class=\"_ _0\"></span>ect the r<span class=\"_ _8\"></span>eturns f<span class=\"_ _8\"></span>rom GL<span class=\"_ _0\"></span>S Elopak, which means t<span class=\"_ _0\"></span>hat Elopak h<span class=\"_ _0\"></span>as cont<span class=\"_ _0\"></span>rol of GL<span class=\"_ _0\"></span>S Elopak in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 10.War in Uk<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aineIn Mar<span class=\"_ _8\"></span>ch 2022, Elopak sus<span class=\"_ _0\"></span>pended all activities in R<span class=\"_ _8\"></span>ussia and r<span class=\"_ _8\"></span>estar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ations in Ukr<span class=\"_ _8\"></span>aine after a t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y close-do<span class=\"_ _0\"></span>wn. Due to t<span class=\"_ _0\"></span>he ongoin<span class=\"_ _0\"></span>g nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of the crisi<span class=\"_ _0\"></span>s, ther<span class=\"_ _8\"></span>e is estim<span class=\"_ _0\"></span>ation uncer<span class=\"_ _a\"></span>tainty inv<span class=\"_ _0\"></span>olved in the a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of impair<span class=\"_ _0\"></span>ment in Ukr<span class=\"_ _8\"></span>aine and fair v<span class=\"_ _0\"></span>alue of the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>O Elopak R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>a. Impairment in Uk<span class=\"_ _0\"></span>raine i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted in no<span class=\"_ _0\"></span>te 13 and di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>a<span class=\"ws0\">-</span>tions in R<span class=\"_ _8\"></span>ussia is pr<span class=\"_ _8\"></span>esen<span class=\"_ _0\"></span>ted in .Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>etsMan<span class=\"_ _0\"></span>agement h<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>xer<span class=\"_ _8\"></span>cised judg<span class=\"_ _0\"></span>ment in ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the r<span class=\"_ _8\"></span>ecognition of tax los<span class=\"_ _0\"></span>s carr<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span>forwar<span class=\"_ _8\"></span>d for Elopak\u2019<span class=\"_ _f\"></span>s various entitie<span class=\"_ _0\"></span>s and the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulting def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>set. The judgmen<span class=\"_ _0\"></span>t is bas<span class=\"_ _0\"></span>ed upon the entitie<span class=\"_ _0\"></span>s\u2019 ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed ability to gener<span class=\"_ _8\"></span>ate f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flows th<span class=\"_ _0\"></span>at will enable t<span class=\"_ _0\"></span>he entities t<span class=\"_ _0\"></span>o do so<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sments imply a degr<span class=\"_ _8\"></span>ee of uncer<span class=\"_ _a\"></span>tainty r<span class=\"_ _0\"></span>elatin<span class=\"_ _0\"></span>g to s<span class=\"_ _0\"></span>uch fut<span class=\"_ _8\"></span>ure ev<span class=\"_ _0\"></span>ents. T<span class=\"_ _1\"></span>ax e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s and def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e pre<span class=\"_ _0\"></span>sent<span class=\"_ _8\"></span>ed in Note 18.T<span class=\"_ _1\"></span>ax disput<span class=\"_ _8\"></span>esIn tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es, Elopak ac<span class=\"_ _0\"></span>counts f<span class=\"_ _8\"></span>or tax cost<span class=\"_ _0\"></span>s accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o decisions m<span class=\"_ _0\"></span>ade by local<span class=\"_ _0\"></span> tax authoritie<span class=\"_ _0\"></span>s or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er pricing adjus<span class=\"_ _0\"></span>tments h<span class=\"_ _8\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual ag<span class=\"_ _0\"></span>reemen<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es (MAP) between the aff<span class=\"_ _8\"></span>ected coun<span class=\"_ _0\"></span>tries ar<span class=\"_ _8\"></span>e normally av<span class=\"_ _0\"></span>ailable. A suc<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ful MAP pr<span class=\"_ _8\"></span>ocedure, a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a gr<span class=\"_ _8\"></span>oup company<span class=\"_ _8\"></span>, thus r<span class=\"_ _8\"></span>emoving t<span class=\"_ _0\"></span>he tax cos<span class=\"_ _0\"></span>t for Elop<span class=\"_ _0\"></span>ak. Wher<span class=\"_ _0\"></span>e a MAP proc<span class=\"_ _0\"></span>ess i<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>able, Elopak r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _8\"></span>es tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the outc<span class=\"_ _0\"></span>ome of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do no<span class=\"_ _0\"></span>t agr<span class=\"_ _0\"></span>ee, taxpay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e the right t<span class=\"_ _0\"></span>o demand ar<span class=\"_ _0\"></span>bitr<span class=\"_ _0\"></span>ation. Details r<span class=\"_ _8\"></span>egar<span class=\"_ _0\"></span>ding ong<span class=\"_ _0\"></span>oing tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e described in Not<span class=\"_ _0\"></span>e 18.Accountin<span class=\"_ _0\"></span>g policiesA busine<span class=\"_ _0\"></span>ss combination i<span class=\"_ _0\"></span>s as a tr<span class=\"_ _8\"></span>ansaction or other e<span class=\"_ _0\"></span>vent in which an acquir<span class=\"_ _8\"></span>er obtains contr<span class=\"_ _8\"></span>ol of one or mor<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>ses. A bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s consist<span class=\"_ _0\"></span>s of inputs and pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>ses applied t<span class=\"_ _8\"></span>o those inputs th<span class=\"_ _0\"></span>at ha<span class=\"_ _0\"></span>ve the ability t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>eat<span class=\"_ _0\"></span>e outputs. Det<span class=\"_ _0\"></span>ermining whet<span class=\"_ _0\"></span>her a par<span class=\"_ _a\"></span>ticular <span class=\"_ _0\"></span>set of ass<span class=\"_ _0\"></span>ets and activities i<span class=\"_ _0\"></span>s a busines<span class=\"_ _0\"></span>s should be bas<span class=\"_ _0\"></span>ed on whether t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>egr<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>et is c<span class=\"_ _0\"></span>apable of being conduct<span class=\"_ _0\"></span>ed and man<span class=\"_ _0\"></span>aged as a bu<span class=\"_ _0\"></span>siness b<span class=\"_ _0\"></span>y a mark<span class=\"_ _8\"></span>et par<span class=\"_ _a\"></span>ticipant.Busine<span class=\"_ _0\"></span>ss combination<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o IFR<span class=\"_ _0\"></span>S 3 using t<span class=\"_ _0\"></span>he acquisition met<span class=\"_ _0\"></span>hod, als<span class=\"_ _0\"></span>o called pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price allocation (PP<span class=\"_ _1\"></span>A). The cos<span class=\"_ _0\"></span>t of an acquisition i<span class=\"_ _0\"></span>s measur<span class=\"_ _8\"></span>ed as the aggr<span class=\"_ _8\"></span>egate of t<span class=\"_ _0\"></span>he consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>err<span class=\"_ _0\"></span>ed, which is meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value at acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _8\"></span>e accordin<span class=\"_ _0\"></span>g to <span class=\"_ _0\"></span>IFRS 13, and t<span class=\"_ _0\"></span>he amount of an<span class=\"_ _0\"></span>y non-contr<span class=\"_ _8\"></span>olling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s in the acquir<span class=\"_ _8\"></span>ee. F<span class=\"_ _0\"></span>or each busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation, the Gr<span class=\"_ _0\"></span>oup elects whether t<span class=\"_ _8\"></span>o measur<span class=\"_ _8\"></span>e the non-contr<span class=\"_ _8\"></span>olling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s in the acquir<span class=\"_ _8\"></span>ee at fair v<span class=\"_ _0\"></span>alue or at the pr<span class=\"_ _0\"></span>opor<span class=\"_ _a\"></span>tionat<span class=\"_ _8\"></span>e shar<span class=\"_ _0\"></span>e of the acquir<span class=\"_ _8\"></span>ee\u2019<span class=\"_ _1\"></span>s identi<span class=\"ws0\">-</span>fiable net as<span class=\"_ _0\"></span>sets. A<span class=\"_ _0\"></span>cquisition-r<span class=\"_ _8\"></span>elated co<span class=\"_ _0\"></span>sts ar<span class=\"_ _8\"></span>e expens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red and included in o<span class=\"_ _0\"></span>ther oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s.When the Gr<span class=\"_ _8\"></span>oup acquire<span class=\"_ _0\"></span>s a busines<span class=\"_ _0\"></span>s, it ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he financial as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sumed f<span class=\"_ _0\"></span>or appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sification and desig<span class=\"_ _0\"></span>nation in accor<span class=\"_ _8\"></span>dance with t<span class=\"_ _0\"></span>he contr<span class=\"_ _8\"></span>actual t<span class=\"_ _0\"></span>erms, economic cir<span class=\"_ _0\"></span>cums<span class=\"_ _0\"></span>tances and pertinent conditions as at t<span class=\"_ _0\"></span>he acquisition dat<span class=\"_ _8\"></span>e.An<span class=\"_ _0\"></span>y conting<span class=\"_ _0\"></span>ent consider<span class=\"_ _8\"></span>ation to be tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred b<span class=\"_ _0\"></span>y the acquir<span class=\"_ _8\"></span>er will be recog<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value at the acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e. Conting<span class=\"_ _0\"></span>ent consider<span class=\"_ _8\"></span>ation classified a<span class=\"_ _0\"></span>s an ass<span class=\"_ _0\"></span>et or liability that i<span class=\"_ _0\"></span>s a financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t and within the s<span class=\"_ _0\"></span>cope of IFR<span class=\"_ _0\"></span>S 9 Financial Ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s, is mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value wit<span class=\"_ _0\"></span>h the chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _8\"></span>air value r<span class=\"_ _8\"></span>ecognised in t<span class=\"_ _0\"></span>he stat<span class=\"_ _8\"></span>ement of profit or lo<span class=\"_ _0\"></span>ss.Goodwill aris<span class=\"_ _0\"></span>es in a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation when the f<span class=\"_ _8\"></span>air value of consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>eeds the f<span class=\"_ _8\"></span>air value of identifiable as<span class=\"_ _0\"></span>sets acquir<span class=\"_ _8\"></span>ed less t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of identifiable liabilitie<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>umed. Goodwill acquir<span class=\"_ _0\"></span>ed in a busines<span class=\"_ _0\"></span>s combination i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o each of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s cas<span class=\"_ _0\"></span>h-gener<span class=\"_ _0\"></span>ating units t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o benefit f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he combination ir<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spectiv<span class=\"_ _0\"></span>e of whether ot<span class=\"_ _0\"></span>her ass<span class=\"_ _0\"></span>ets or liabilities of t<span class=\"_ _0\"></span>he acquir<span class=\"_ _0\"></span>ee ar<span class=\"_ _0\"></span>e assigned t<span class=\"_ _8\"></span>o those unit<span class=\"_ _0\"></span>s and te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed sub<span class=\"_ _0\"></span>sequently f<span class=\"_ _8\"></span>or impairment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__24-1": {
   "value": "Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>etsMan<span class=\"_ _0\"></span>agement h<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>xer<span class=\"_ _8\"></span>cised judg<span class=\"_ _0\"></span>ment in ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the r<span class=\"_ _8\"></span>ecognition of tax los<span class=\"_ _0\"></span>s carr<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span>forwar<span class=\"_ _8\"></span>d for Elopak\u2019<span class=\"_ _f\"></span>s various entitie<span class=\"_ _0\"></span>s and the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulting def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>set. The judgmen<span class=\"_ _0\"></span>t is bas<span class=\"_ _0\"></span>ed upon the entitie<span class=\"_ _0\"></span>s\u2019 ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed ability to gener<span class=\"_ _8\"></span>ate f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flows th<span class=\"_ _0\"></span>at will enable t<span class=\"_ _0\"></span>he entities t<span class=\"_ _0\"></span>o do so<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sments imply a degr<span class=\"_ _8\"></span>ee of uncer<span class=\"_ _a\"></span>tainty r<span class=\"_ _0\"></span>elatin<span class=\"_ _0\"></span>g to s<span class=\"_ _0\"></span>uch fut<span class=\"_ _8\"></span>ure ev<span class=\"_ _0\"></span>ents. T<span class=\"_ _1\"></span>ax e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s and def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e pre<span class=\"_ _0\"></span>sent<span class=\"_ _8\"></span>ed in Note 18.Not<span class=\"_ _0\"></span>e 18 - Income taxIncome tax e<span class=\"_ _8\"></span>xpense(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Curren<span class=\"_ _0\"></span>t income taxCurr<span class=\"_ _0\"></span>ent income tax char<span class=\"_ _0\"></span>ge<span class=\"_ _21a\"> </span>13,214<span class=\"_ _109\"> </span>13,251Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of curr<span class=\"_ _0\"></span>ent income tax of pr<span class=\"_ _0\"></span>evious year <span class=\"_ _225\"> </span>-2,583<span class=\"_ _1fc\"> </span>-237Withholding tax<span class=\"_ _226\"> </span>2,337<span class=\"_ _6f\"> </span>1,625T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t income tax<span class=\"_ _21a\"> </span>12,968<span class=\"_ _df\"> </span>14,639Defer<span class=\"_ _0\"></span>red tax Rel<span class=\"_ _0\"></span>ating to origin<span class=\"_ _0\"></span>ation and rev<span class=\"_ _0\"></span>ersal of t<span class=\"_ _0\"></span>emporary differ<span class=\"_ _0\"></span>ences<span class=\"_ _16e\"> </span>-1,2<span class=\"_ _0\"></span>43<span class=\"_ _104\"> </span>1,340Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of chan<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o tax rat<span class=\"_ _0\"></span>e and deferr<span class=\"_ _8\"></span>ed tax of previous ye<span class=\"_ _0\"></span>ar<span class=\"_ _227\"> </span>463<span class=\"_ _11b\"> </span>-691T<span class=\"_ _1\"></span>otal deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _11f\"> </span>-7<span class=\"_ _0\"></span>80<span class=\"_ _c3\"> </span>649Income tax e<span class=\"_ _0\"></span>xpense r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ted i<span class=\"_ _0\"></span>n the stat<span class=\"_ _0\"></span>ement of profit or lo<span class=\"_ _0\"></span>ss<span class=\"_ _136\"> </span>12,188<span class=\"_ _53\"> </span>15,288P<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able tax(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Pa<span class=\"_ _0\"></span>yable tax opening b<span class=\"_ _0\"></span>alance<span class=\"_ _11c\"> </span>-2,616<span class=\"_ _d2\"> </span>482Curr<span class=\"_ _0\"></span>ent income tax<span class=\"_ _228\"> </span>12,968<span class=\"_ _da\"> </span>15,485T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>anslation<span class=\"_ _7d\"> </span>102<span class=\"_ _1f9\"> </span>538Net tax paid<span class=\"_ _1d3\"> </span>-13,638<span class=\"_ _4e\"> </span>-19,122Pa<span class=\"_ _0\"></span>yable tax clo<span class=\"_ _0\"></span>sing bala<span class=\"_ _0\"></span>nce<span class=\"_ _229\"> </span>-3,185<span class=\"_ _163\"> </span>-2,616Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>econciliation of tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Accountin<span class=\"_ _0\"></span>g profit bef<span class=\"_ _0\"></span>ore inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _22a\"> </span>46,407<span class=\"_ _4e\"> </span>45,5591)Expected tax at s<span class=\"_ _0\"></span>tatut<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y tax r<span class=\"_ _0\"></span>ate 11,138<span class=\"_ _77\"> </span>10,9<span class=\"_ _8\"></span>34Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of diff<span class=\"_ _0\"></span>erent loc<span class=\"_ _0\"></span>al tax rat<span class=\"_ _0\"></span>es<span class=\"_ _17f\"> </span>1,300<span class=\"_ _ef\"> </span>1,957Non-taxable income/<span class=\"_ _8\"></span>expen<span class=\"_ _0\"></span>ses<span class=\"_ _21a\"> </span> - <span class=\"_ _94\"> </span> - Shar<span class=\"_ _0\"></span>e of re<span class=\"_ _0\"></span>sults of joint ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es<span class=\"_ _22b\"> </span> -1,051 <span class=\"_ _75\"> </span> -858 Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of curr<span class=\"_ _0\"></span>ent income tax of pr<span class=\"_ _0\"></span>evious year<span class=\"_ _0\"></span>s <span class=\"_ _1fb\"> </span> -2,336 <span class=\"_ _66\"> </span> -223 Withholding tax, non-r<span class=\"_ _8\"></span>efundable<span class=\"_ _bb\"> </span> 2,337 <span class=\"_ _1af\"> </span> 1,625 Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of chan<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o tax rat<span class=\"_ _0\"></span>es and r<span class=\"_ _0\"></span>egulations<span class=\"_ _214\"> </span>564<span class=\"_ _ef\"> </span>-706Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation effect<span class=\"_ _0\"></span>s <span class=\"_ _22c\"> </span>-2,233<span class=\"_ _9f\"> </span>1,6<span class=\"_ _0\"></span>91Other diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s<span class=\"_ _4d\"> </span>2,468<span class=\"_ _a4\"> </span><span class=\"lsb2 ws1d2\">867</span>Income tax e<span class=\"_ _0\"></span>xpense at eff<span class=\"_ _0\"></span>ective income tax r<span class=\"_ _0\"></span>ate<span class=\"_ _22d\"> </span>12,188<span class=\"_ _53\"> </span>15,288Effectiv<span class=\"_ _0\"></span>e income tax r<span class=\"_ _0\"></span>ate<span class=\"_ _b2\"> </span>26.3 %<span class=\"_ _7a\"> </span>33.6 %1) The expect<span class=\"_ _0\"></span>ed tax at stat<span class=\"_ _0\"></span>utory tax rat<span class=\"_ _0\"></span>e of 24% (2<span class=\"_ _8\"></span>4% in 2021) is bas<span class=\"_ _0\"></span>ed on an estimat<span class=\"_ _0\"></span>e of where t<span class=\"_ _0\"></span>he Group tax<span class=\"_ _0\"></span>es its pr<span class=\"_ _8\"></span>ofits and the corre<span class=\"ws0\">-</span>sponding applic<span class=\"_ _0\"></span>able tax rat<span class=\"_ _0\"></span>es Chan<span class=\"_ _0\"></span>ge in def<span class=\"_ _8\"></span>erred tax on it<span class=\"_ _8\"></span>ems in Other Compr<span class=\"_ _0\"></span>ehensive Income/E<span class=\"_ _8\"></span>quity(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Reme<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ement gain/loss on act<span class=\"_ _0\"></span>uarial gains and loss<span class=\"_ _0\"></span>es<span class=\"_ _a1\"> </span><span class=\"lsb ws8c\">266<span class=\"_ _aa\"> </span></span>38Cash flow hedgin<span class=\"_ _0\"></span>g<span class=\"_ _21f\"> </span>-1,957<span class=\"_ _9f\"> </span>1,192E<span class=\"_ _0\"></span>quity transaction<span class=\"_ _0\"></span>s<span class=\"_ _21f\"> </span>-330<span class=\"_ _c6\"> </span>-522Chan<span class=\"_ _0\"></span>ge in deferr<span class=\"_ _8\"></span>ed tax on items in Other Compr<span class=\"_ _0\"></span>ehensive Income/E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y<span class=\"_ _22e\"> </span>-2,020<span class=\"_ _c3\"> </span><span class=\"ls5 wsd\">70<span class=\"_ _a\"></span>9</span>Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Re<span class=\"_ _0\"></span>valuation of invent<span class=\"_ _0\"></span>ories<span class=\"_ _f3\"> </span>13,564<span class=\"_ _e7\"> </span>11,431Pa<span class=\"_ _0\"></span>yables/<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>eivables<span class=\"_ _4f\"> </span>13,977<span class=\"_ _66\"> </span>18,341Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _10f\"> </span>-10,13<span class=\"_ _0\"></span>1<span class=\"_ _8e\"> </span>-8,258Fixed a<span class=\"_ _0\"></span>ssets depr<span class=\"_ _0\"></span>eciations<span class=\"_ _22f\"> </span>-8,592<span class=\"_ _163\"> </span>-7,649Liquid asset<span class=\"_ _0\"></span>s<span class=\"_ _230\"> </span>-14,302<span class=\"_ _73\"> </span>-13,090Los<span class=\"_ _0\"></span>ses av<span class=\"_ _0\"></span>ailable for off<span class=\"_ _8\"></span>setting against f<span class=\"_ _0\"></span>utur<span class=\"_ _0\"></span>e taxable income<span class=\"_ _21\"> </span>9,101<span class=\"_ _d8\"> </span>5,468Other diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s <span class=\"_ _231\"> </span>1,557<span class=\"_ _104\"> </span>3,910T<span class=\"_ _1\"></span>otal deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _56\"> </span>5,17<span class=\"_ _8\"></span>4<span class=\"_ _163\"> </span>10,153Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _232\"> </span>22,414<span class=\"_ _8e\"> </span>21,640Defer<span class=\"_ _0\"></span>red tax liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _219\"> </span>17,240<span class=\"_ _d4\"> </span>11,488Net defer<span class=\"_ _0\"></span>red ass<span class=\"_ _0\"></span>ets/liabilities<span class=\"_ _10e\"> </span>5,17<span class=\"_ _1\"></span>4<span class=\"_ _163\"> </span>10,153Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e evaluat<span class=\"_ _0\"></span>ed at each balance sheet d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _8\"></span>o the e<span class=\"_ _0\"></span>xten<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at it is pr<span class=\"_ _8\"></span>obable that s<span class=\"_ _0\"></span>ufficient taxable pr<span class=\"_ _0\"></span>ofit will be av<span class=\"_ _0\"></span>ailable t<span class=\"_ _0\"></span>o allow the benefit of p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>t or all of th<span class=\"_ _0\"></span>at def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax ass<span class=\"_ _0\"></span>et to be utiliz<span class=\"_ _8\"></span>ed.Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at the tax r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e expect<span class=\"_ _8\"></span>ed to apply in the period when t<span class=\"_ _0\"></span>he liability shall be sett<span class=\"_ _0\"></span>led or the as<span class=\"_ _0\"></span>set t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>ealized, ba<span class=\"_ _0\"></span>sed on tax r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s and la<span class=\"_ _0\"></span>ws th<span class=\"_ _0\"></span>at hav<span class=\"_ _0\"></span>e been enact<span class=\"_ _8\"></span>ed or substan<span class=\"_ _0\"></span>tively enact<span class=\"_ _8\"></span>ed at the balance s<span class=\"_ _0\"></span>heet dat<span class=\"_ _0\"></span>e.Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>econciliation of tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e(EUR 1,000)After 2025<span class=\"_ _52\"> </span>Indefinit<span class=\"_ _0\"></span>e<span class=\"_ _108\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>United St<span class=\"_ _0\"></span>ates<span class=\"_ _233\"> </span>-<span class=\"_ _ac\"> </span>816 <span class=\"_ _d2\"> </span>816 United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _21b\"> </span> - <span class=\"_ _73\"> </span> 10,328 <span class=\"_ _69\"> </span> 10,328 India<span class=\"_ _1e3\"> </span>871 <span class=\"_ _94\"> </span> - <span class=\"_ _a0\"> </span>871 Norway<span class=\"_ _234\"> </span> - <span class=\"_ _108\"> </span> 27,646 <span class=\"_ _73\"> </span> 27,646 Other<span class=\"_ _235\"> </span> - <span class=\"_ _71\"> </span>87<span class=\"_ _a\"></span>9 <span class=\"_ _71\"> </span>879<span class=\"_ _a\"></span> To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _4a\"> </span>871<span class=\"_ _6b\"> </span>39<span class=\"_ _a\"></span>,<span class=\"_ _a\"></span>670<span class=\"_ _df\"> </span><span class=\"ls0 ws0\">40,541</span>Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>T<span class=\"_ _1\"></span>ax los<span class=\"_ _0\"></span>ses c<span class=\"_ _0\"></span>arried f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>d of EUR 18,161 t<span class=\"_ _0\"></span>housand ar<span class=\"_ _8\"></span>e not rec<span class=\"_ _0\"></span>ognized a<span class=\"_ _0\"></span>s a basi<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or calcul<span class=\"_ _0\"></span>ating unus<span class=\"_ _0\"></span>ed tax loss<span class=\"_ _0\"></span>es car<span class=\"_ _0\"></span>ried forwar<span class=\"_ _8\"></span>d in net deferr<span class=\"_ _8\"></span>ed asset<span class=\"_ _0\"></span>s/liabilities. The amount no<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ognized is m<span class=\"_ _0\"></span>ainly r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he Unit<span class=\"_ _0\"></span>ed Kingdom.In tax dis<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>es, the Gr<span class=\"_ _8\"></span>oup accounts f<span class=\"_ _8\"></span>or tax costs ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o decisions m<span class=\"_ _0\"></span>ade by local t<span class=\"_ _0\"></span>ax authoritie<span class=\"_ _0\"></span>s, or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se, or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. A dividend dis<span class=\"_ _0\"></span>tribution f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om Elopak Sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s AG t<span class=\"_ _8\"></span>o Elopak ASA, f<span class=\"_ _0\"></span>ormerly Elopak AS, in 2011 and 2014 wa<span class=\"_ _0\"></span>s deemed to be t<span class=\"_ _0\"></span>axable income f<span class=\"_ _0\"></span>or Elopak ASA in a decision b<span class=\"_ _0\"></span>y Nor<span class=\"_ _a\"></span>wegian t<span class=\"_ _0\"></span>ax office in 2017. The f<span class=\"_ _0\"></span>ull tax co<span class=\"_ _0\"></span>st of NOK 6<span class=\"_ _8\"></span>9,600 thousand w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and paid in accor<span class=\"_ _8\"></span>dance with the rulin<span class=\"_ _0\"></span>g at th<span class=\"_ _0\"></span>at time. A subs<span class=\"_ _0\"></span>equent appeal t<span class=\"_ _0\"></span>o the tax t<span class=\"_ _0\"></span>ribunal r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulted in a r<span class=\"_ _0\"></span>uling on June 16, 2021 supporting the 2017 c<span class=\"_ _0\"></span>onclusion f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the tax office. The comp<span class=\"_ _0\"></span>any doe<span class=\"_ _0\"></span>s not agr<span class=\"_ _8\"></span>ee with the rulin<span class=\"_ _0\"></span>g and ha<span class=\"_ _0\"></span>s initiat<span class=\"_ _0\"></span>ed an appeal thr<span class=\"_ _0\"></span>ough the courts in Nor<span class=\"_ _a\"></span>wa<span class=\"_ _0\"></span>y.Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>er pricing adjust<span class=\"_ _0\"></span>ments h<span class=\"_ _0\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>e (MAP) between the a<span class=\"_ _0\"></span>ffect<span class=\"_ _8\"></span>ed countries ar<span class=\"_ _8\"></span>e normally a<span class=\"_ _0\"></span>vailable. A s<span class=\"_ _0\"></span>ucces<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>ul MAP proc<span class=\"_ _0\"></span>edure a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a Gr<span class=\"_ _0\"></span>oup compan<span class=\"_ _0\"></span>y<span class=\"_ _8\"></span>, thus r<span class=\"_ _0\"></span>emovin<span class=\"_ _0\"></span>g the tax co<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>or the Gr<span class=\"_ _0\"></span>oup. Wher<span class=\"_ _8\"></span>e a MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s is av<span class=\"_ _0\"></span>ailable, the Gr<span class=\"_ _8\"></span>oup reco<span class=\"_ _0\"></span>gnize<span class=\"_ _0\"></span>s tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the out<span class=\"_ _0\"></span>come of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do not a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ee, tax pay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>ave the right t<span class=\"_ _8\"></span>o demand arbitr<span class=\"_ _8\"></span>ation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__25": {
   "value": "T<span class=\"_ _1\"></span>ax disput<span class=\"_ _8\"></span>esIn tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es, Elopak ac<span class=\"_ _0\"></span>counts f<span class=\"_ _8\"></span>or tax cost<span class=\"_ _0\"></span>s accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o decisions m<span class=\"_ _0\"></span>ade by local<span class=\"_ _0\"></span> tax authoritie<span class=\"_ _0\"></span>s or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er pricing adjus<span class=\"_ _0\"></span>tments h<span class=\"_ _8\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual ag<span class=\"_ _0\"></span>reemen<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es (MAP) between the aff<span class=\"_ _8\"></span>ected coun<span class=\"_ _0\"></span>tries ar<span class=\"_ _8\"></span>e normally av<span class=\"_ _0\"></span>ailable. A suc<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ful MAP pr<span class=\"_ _8\"></span>ocedure, a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a gr<span class=\"_ _8\"></span>oup company<span class=\"_ _8\"></span>, thus r<span class=\"_ _8\"></span>emoving t<span class=\"_ _0\"></span>he tax cos<span class=\"_ _0\"></span>t for Elop<span class=\"_ _0\"></span>ak. Wher<span class=\"_ _0\"></span>e a MAP proc<span class=\"_ _0\"></span>ess i<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>able, Elopak r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _8\"></span>es tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the outc<span class=\"_ _0\"></span>ome of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do no<span class=\"_ _0\"></span>t agr<span class=\"_ _0\"></span>ee, taxpay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e the right t<span class=\"_ _0\"></span>o demand ar<span class=\"_ _0\"></span>bitr<span class=\"_ _0\"></span>ation. Details r<span class=\"_ _8\"></span>egar<span class=\"_ _0\"></span>ding ong<span class=\"_ _0\"></span>oing tax di<span class=\"_ _0\"></span>sput<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e described in Not<span class=\"_ _0\"></span>e 18.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__26": {
   "value": "Not<span class=\"_ _0\"></span>e 5 \u2014 R<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Elopak Gr<span class=\"_ _0\"></span>oup is a glob<span class=\"_ _0\"></span>al supplier of paper-ba<span class=\"_ _0\"></span>sed packa<span class=\"_ _0\"></span>ging sys<span class=\"_ _0\"></span>tem s<span class=\"_ _0\"></span>olutions f<span class=\"_ _8\"></span>or liquid pr<span class=\"_ _0\"></span>oducts. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h cust<span class=\"_ _8\"></span>omers is deriv<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om sale of filling equipmen<span class=\"_ _0\"></span>t, \u00aePur<span class=\"_ _8\"></span>e-Pak carton and R<span class=\"_ _0\"></span>oll F<span class=\"_ _0\"></span>ed packa<span class=\"_ _0\"></span>ging mat<span class=\"_ _8\"></span>erial (hereb<span class=\"_ _0\"></span>y denominat<span class=\"_ _8\"></span>ed as car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons), clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed services. R<span class=\"_ _8\"></span>evenue is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed when contr<span class=\"_ _8\"></span>ol of the good<span class=\"_ _0\"></span>s or services ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"ws0\">-</span>f<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer and i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted net of r<span class=\"_ _8\"></span>eturn<span class=\"_ _0\"></span>s, tr<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _8\"></span>ebate<span class=\"_ _0\"></span>s and other c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer incentiv<span class=\"_ _0\"></span>es. The Gr<span class=\"_ _0\"></span>oup als<span class=\"_ _0\"></span>o pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s lease inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _8\"></span>om lease of fillin<span class=\"_ _0\"></span>g equipment.Gener<span class=\"_ _0\"></span>ally<span class=\"_ _0\"></span>, the Gr<span class=\"_ _8\"></span>oup reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>evenue on a poin<span class=\"_ _0\"></span>t in time basi<span class=\"_ _0\"></span>s when the cus<span class=\"_ _0\"></span>tomer t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>es title t<span class=\"_ _0\"></span>o the g<span class=\"_ _0\"></span>oods and r<span class=\"_ _0\"></span>ewar<span class=\"_ _8\"></span>ds f<span class=\"_ _0\"></span>or the goods. F<span class=\"_ _8\"></span>or goods wit<span class=\"_ _0\"></span>hout altern<span class=\"_ _8\"></span>ative use wher<span class=\"_ _8\"></span>e the Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s a legally enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _8\"></span>o payment f<span class=\"_ _8\"></span>or the goods, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>evenue ov<span class=\"_ _0\"></span>er time, which gener<span class=\"_ _0\"></span>ally is, as t<span class=\"_ _0\"></span>he goods ar<span class=\"_ _8\"></span>e produced.Sale of cartons and c<span class=\"_ _0\"></span>losur<span class=\"_ _8\"></span>esCar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e print<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on cust<span class=\"_ _8\"></span>omer specifications and ar<span class=\"_ _8\"></span>e ther<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e without alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use. Canc<span class=\"_ _0\"></span>ellation pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>sions in the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer contr<span class=\"_ _8\"></span>acts, combined with backgr<span class=\"_ _8\"></span>ound law in t<span class=\"_ _0\"></span>he legal juris<span class=\"_ _0\"></span>dictions give t<span class=\"_ _0\"></span>he C ompan<span class=\"_ _0\"></span>y an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or work per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormed t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e as des<span class=\"_ _0\"></span>cribed in IFR<span class=\"_ _0\"></span>S 15. Most of t<span class=\"_ _0\"></span>he cust<span class=\"_ _8\"></span>omer contr<span class=\"_ _0\"></span>acts include cancell<span class=\"_ _0\"></span>ation claus<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at gives t<span class=\"_ _0\"></span>he Compan<span class=\"_ _0\"></span>y sufficient pr<span class=\"_ _8\"></span>otection t<span class=\"_ _8\"></span>o conclude that ther<span class=\"_ _8\"></span>e is an enf<span class=\"_ _8\"></span>orce<span class=\"_ _0\"></span>able right t<span class=\"_ _0\"></span>o payment.Clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omised and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore wit<span class=\"_ _0\"></span>h alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use and r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed at point in time.Sale of filling equipmen<span class=\"_ _0\"></span>tR<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>ale of filling equipment i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at the point in time when c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol of the ass<span class=\"_ _0\"></span>et is tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cust<span class=\"_ _8\"></span>omer<span class=\"_ _8\"></span>, generally when t<span class=\"_ _0\"></span>he machine i<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed and accept<span class=\"_ _0\"></span>ed by the c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Filling equipment could r<span class=\"_ _8\"></span>esult in no alt<span class=\"_ _8\"></span>ernative u<span class=\"_ _0\"></span>se if it would incur sig<span class=\"_ _0\"></span>nificant cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>work the de<span class=\"_ _0\"></span>sign and f<span class=\"_ _0\"></span>unction of the machine t<span class=\"_ _8\"></span>o adapt it t<span class=\"_ _0\"></span>o another cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, in most c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s filling equipment i<span class=\"_ _0\"></span>s stand<span class=\"_ _0\"></span>ard equipmen<span class=\"_ _0\"></span>t and consider<span class=\"_ _8\"></span>ed to ha<span class=\"_ _0\"></span>ve alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, hence t<span class=\"_ _0\"></span>hey ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at point in time.Sale of serviceThe Gr<span class=\"_ _0\"></span>oup off<span class=\"_ _0\"></span>ers r<span class=\"_ _8\"></span>esear<span class=\"_ _8\"></span>ch and development support, af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er sales s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s and technic<span class=\"_ _0\"></span>al tr<span class=\"_ _0\"></span>aining and m<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>enance s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t, service and tr<span class=\"_ _0\"></span>aining is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ov<span class=\"_ _0\"></span>er time, as the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer simultaneously r<span class=\"_ _8\"></span>eceives and c<span class=\"_ _0\"></span>onsumes t<span class=\"_ _0\"></span>he benefit pr<span class=\"_ _0\"></span>ovided t<span class=\"_ _0\"></span>o them. The Gr<span class=\"_ _8\"></span>oup uses an input met<span class=\"_ _0\"></span>hod in measurin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ogr<span class=\"_ _8\"></span>ess of the s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s becaus<span class=\"_ _0\"></span>e ther<span class=\"_ _0\"></span>e is a dir<span class=\"_ _8\"></span>ect rel<span class=\"_ _0\"></span>ationship between t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s effort/labour hours occ<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed and the tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er of service to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _0\"></span>ebat<span class=\"_ _0\"></span>es and ot<span class=\"_ _0\"></span>her incentive<span class=\"_ _0\"></span>sIf the con<span class=\"_ _0\"></span>sideration in a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act includes a v<span class=\"_ _0\"></span>ariable amount, the Gr<span class=\"_ _8\"></span>oup estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s the amount of consider<span class=\"_ _8\"></span>ation to which it will be entit<span class=\"_ _0\"></span>led in ex<span class=\"_ _8\"></span>chang<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erring the g<span class=\"_ _0\"></span>oods t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. The variable consider<span class=\"_ _0\"></span>ation is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed at contr<span class=\"_ _0\"></span>act inception and const<span class=\"_ _0\"></span>rained un<span class=\"_ _0\"></span>til it is highly pr<span class=\"_ _8\"></span>obable that a sig<span class=\"_ _0\"></span>nificant r<span class=\"_ _8\"></span>evenue r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal in t<span class=\"_ _0\"></span>he amount of cumulativ<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evenue r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed will not occ<span class=\"_ _0\"></span>ur when the ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed uncer<span class=\"_ _a\"></span>tainty with t<span class=\"_ _0\"></span>he variable consider<span class=\"_ _8\"></span>ation is s<span class=\"_ _0\"></span>ubsequen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>olved. Car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e often sold wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>etr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>e volume di<span class=\"_ _0\"></span>scounts b<span class=\"_ _0\"></span>ased on aggr<span class=\"_ _8\"></span>egate s<span class=\"_ _0\"></span>ales ov<span class=\"_ _0\"></span>er sev<span class=\"_ _0\"></span>eral mon<span class=\"_ _0\"></span>ths. R<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om thes<span class=\"_ _0\"></span>e sales i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed bas<span class=\"_ _0\"></span>ed on the price s<span class=\"_ _0\"></span>pecified in the cont<span class=\"_ _0\"></span>ract, net of t<span class=\"_ _0\"></span>he estim<span class=\"_ _8\"></span>ated volume di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>s. A r<span class=\"_ _0\"></span>efund li<span class=\"_ _0\"></span>ability is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or the e<span class=\"_ _0\"></span>xpected v<span class=\"_ _0\"></span>olume dis<span class=\"_ _0\"></span>counts pa<span class=\"_ _0\"></span>yable t<span class=\"_ _8\"></span>o cust<span class=\"_ _0\"></span>omers in r<span class=\"_ _8\"></span>elation t<span class=\"_ _0\"></span>o sales made un<span class=\"_ _0\"></span>til the end of the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.No significan<span class=\"_ _0\"></span>t element of financin<span class=\"_ _0\"></span>g is deemed pr<span class=\"_ _8\"></span>esent, and t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup had no right of r<span class=\"_ _8\"></span>eturn in the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.Contr<span class=\"_ _8\"></span>act liabilitiesP<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or filling equipment ar<span class=\"_ _8\"></span>e generally m<span class=\"_ _0\"></span>ade in inst<span class=\"_ _0\"></span>alments and a cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>ability is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed when a pay<span class=\"_ _0\"></span>ment is r<span class=\"_ _8\"></span>eceived or due f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a cus<span class=\"_ _0\"></span>tomer bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>ers the fillin<span class=\"_ _0\"></span>g equipment. Contr<span class=\"_ _8\"></span>act liabilities ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as r<span class=\"_ _0\"></span>evenue when con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of the fillin<span class=\"_ _0\"></span>g equipment i<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>.Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>sContr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>epaid suppor<span class=\"_ _a\"></span>t (r<span class=\"_ _8\"></span>ebate) t<span class=\"_ _0\"></span>o cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against contr<span class=\"_ _8\"></span>acted f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es of carton and f<span class=\"_ _8\"></span>eatur<span class=\"_ _0\"></span>es. The pr<span class=\"_ _8\"></span>epaid suppor<span class=\"_ _a\"></span>t is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the diff<span class=\"_ _8\"></span>erent perf<span class=\"_ _0\"></span>ormance obligation<span class=\"_ _0\"></span>s, hereunder fillin<span class=\"_ _0\"></span>g equipment and cartons/<span class=\"_ _1\"></span>clos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es. Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s include over time r<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>or cartons bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t becomes unconditional. See No<span class=\"_ _0\"></span>te 25 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s.R<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Oblig<span class=\"_ _0\"></span>ationsDeliver<span class=\"_ _a\"></span>y obligations f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed within one year or le<span class=\"_ _0\"></span>ss, s<span class=\"_ _0\"></span>o we ha<span class=\"_ _0\"></span>ve ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e elect<span class=\"_ _0\"></span>ed to u<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ception IFR<span class=\"_ _0\"></span>S 15.121.The Gr<span class=\"_ _0\"></span>oup's r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>venue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _8\"></span>acts with cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers (99%) and r<span class=\"_ _8\"></span>ental income f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om leas<span class=\"_ _0\"></span>e of filling equipment (1%). R<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e primarily derived f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he sale of cartons and clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es, sale<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ental income r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to fillin<span class=\"_ _0\"></span>g equipment and service.R<span class=\"_ _0\"></span>evenues s<span class=\"_ _0\"></span>pecified by geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>eaY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _146\"> </span>2022<span class=\"_ _84\"> </span>2021USA<span class=\"_ _147\"> </span>19<span class=\"_ _8\"></span>3,839 <span class=\"_ _2b\"> </span>141,246German<span class=\"_ _0\"></span>y<span class=\"_ _148\"> </span>16<span class=\"_ _0\"></span>1,629<span class=\"_ _2b\"> </span>146,790Canada<span class=\"_ _149\"> </span>68,778<span class=\"_ _c8\"> </span>51,417Netherland<span class=\"_ _0\"></span>s<span class=\"_ _7d\"> </span>56,215<span class=\"_ _52\"> </span>51,530Norway<span class=\"_ _14a\"> </span>25,645<span class=\"_ _c1\"> </span>24,7<span class=\"_ _1\"></span>69Other<span class=\"_ _14b\"> </span>517,589<span class=\"_ _22\"> </span>43<span class=\"_ _0\"></span>9,514T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _14c\"> </span>1,023,6<span class=\"_ _0\"></span>96<span class=\"_ _3d\"> </span>855,265The re<span class=\"_ _0\"></span>venues ar<span class=\"_ _0\"></span>e specified by location (coun<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>y) of the cu<span class=\"_ _0\"></span>stomer<span class=\"_ _8\"></span>.R<span class=\"_ _0\"></span>evenues b<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>oduct and operati<span class=\"_ _0\"></span>ng seg<span class=\"_ _0\"></span>ment(EUR 1,000)Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022<span class=\"_ _92\"> </span>EMEA<span class=\"_ _40\"> </span>Americaselimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>Cartons and closur<span class=\"_ _0\"></span>es<span class=\"_ _14d\"> </span>671,025 <span class=\"_ _60\"> </span>256,522 <span class=\"_ _10b\"> </span> -3,797 <span class=\"_ _c1\"> </span>923,750 E<span class=\"_ _0\"></span>quipment<span class=\"_ _14e\"> </span> 36,307 <span class=\"_ _14f\"> </span> 2,183 <span class=\"_ _144\"> </span> -9,907 <span class=\"_ _5c\"> </span> 28,583 Service<span class=\"_ _150\"> </span> 46,036 <span class=\"_ _9f\"> </span> - <span class=\"_ _55\"> </span> -66<span class=\"_ _8\"></span>9 <span class=\"_ _5c\"> </span> 45,367 Other<span class=\"_ _a5\"> </span> 32,608 <span class=\"_ _64\"> </span> 1,830 <span class=\"_ _144\"> </span> -8,442 <span class=\"_ _5c\"> </span> 25,996 T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _151\"> </span>785,9<span class=\"_ _0\"></span>7<span class=\"_ _8\"></span>6 <span class=\"_ _4b\"> </span>260,535 <span class=\"_ _60\"> </span>-22,815<span class=\"_ _2f\"> </span>1,023,6<span class=\"_ _0\"></span>96Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2021<span class=\"_ _152\"> </span>EMEA<span class=\"_ _2f\"> </span>America<span class=\"_ _0\"></span>selimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>Cartons and closur<span class=\"_ _0\"></span>es<span class=\"_ _21\"> </span>57<span class=\"_ _0\"></span>0,565 <span class=\"_ _c8\"> </span>185,246 <span class=\"_ _144\"> </span> -3,307 <span class=\"_ _153\"> </span>752,503 E<span class=\"_ _0\"></span>quipment<span class=\"_ _154\"> </span> 38,477 <span class=\"_ _ca\"> </span> 5,015 <span class=\"_ _d4\"> </span> -4 <span class=\"_ _c8\"> </span> 43,488 Service<span class=\"_ _a8\"> </span> 42,823 <span class=\"_ _9f\"> </span> - <span class=\"_ _155\"> </span> -495 <span class=\"_ _144\"> </span> 42,329 Other<span class=\"_ _156\"> </span> 22,996 <span class=\"_ _c4\"> </span> 1,904 <span class=\"_ _12c\"> </span> -7,954 <span class=\"_ _7f\"> </span> 16,9<span class=\"_ _8\"></span>45 T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _157\"> </span>67<span class=\"_ _1\"></span>4,862 <span class=\"_ _4c\"> </span>192,166 <span class=\"_ _c8\"> </span>-11,7<span class=\"_ _8\"></span>60<span class=\"_ _4c\"> </span>855,265",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__28": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Elopak Gr<span class=\"_ _0\"></span>oup is a glob<span class=\"_ _0\"></span>al supplier of paper-ba<span class=\"_ _0\"></span>sed packa<span class=\"_ _0\"></span>ging sys<span class=\"_ _0\"></span>tem s<span class=\"_ _0\"></span>olutions f<span class=\"_ _8\"></span>or liquid pr<span class=\"_ _0\"></span>oducts. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h cust<span class=\"_ _8\"></span>omers is deriv<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om sale of filling equipmen<span class=\"_ _0\"></span>t, \u00aePur<span class=\"_ _8\"></span>e-Pak carton and R<span class=\"_ _0\"></span>oll F<span class=\"_ _0\"></span>ed packa<span class=\"_ _0\"></span>ging mat<span class=\"_ _8\"></span>erial (hereb<span class=\"_ _0\"></span>y denominat<span class=\"_ _8\"></span>ed as car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons), clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed services. R<span class=\"_ _8\"></span>evenue is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed when contr<span class=\"_ _8\"></span>ol of the good<span class=\"_ _0\"></span>s or services ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"ws0\">-</span>f<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer and i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted net of r<span class=\"_ _8\"></span>eturn<span class=\"_ _0\"></span>s, tr<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _8\"></span>ebate<span class=\"_ _0\"></span>s and other c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer incentiv<span class=\"_ _0\"></span>es. The Gr<span class=\"_ _0\"></span>oup als<span class=\"_ _0\"></span>o pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s lease inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _8\"></span>om lease of fillin<span class=\"_ _0\"></span>g equipment.Gener<span class=\"_ _0\"></span>ally<span class=\"_ _0\"></span>, the Gr<span class=\"_ _8\"></span>oup reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>evenue on a poin<span class=\"_ _0\"></span>t in time basi<span class=\"_ _0\"></span>s when the cus<span class=\"_ _0\"></span>tomer t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>es title t<span class=\"_ _0\"></span>o the g<span class=\"_ _0\"></span>oods and r<span class=\"_ _0\"></span>ewar<span class=\"_ _8\"></span>ds f<span class=\"_ _0\"></span>or the goods. F<span class=\"_ _8\"></span>or goods wit<span class=\"_ _0\"></span>hout altern<span class=\"_ _8\"></span>ative use wher<span class=\"_ _8\"></span>e the Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s a legally enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _8\"></span>o payment f<span class=\"_ _8\"></span>or the goods, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>evenue ov<span class=\"_ _0\"></span>er time, which gener<span class=\"_ _0\"></span>ally is, as t<span class=\"_ _0\"></span>he goods ar<span class=\"_ _8\"></span>e produced.Sale of cartons and c<span class=\"_ _0\"></span>losur<span class=\"_ _8\"></span>esCar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e print<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on cust<span class=\"_ _8\"></span>omer specifications and ar<span class=\"_ _8\"></span>e ther<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e without alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use. Canc<span class=\"_ _0\"></span>ellation pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>sions in the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer contr<span class=\"_ _8\"></span>acts, combined with backgr<span class=\"_ _8\"></span>ound law in t<span class=\"_ _0\"></span>he legal juris<span class=\"_ _0\"></span>dictions give t<span class=\"_ _0\"></span>he C ompan<span class=\"_ _0\"></span>y an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or work per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormed t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e as des<span class=\"_ _0\"></span>cribed in IFR<span class=\"_ _0\"></span>S 15. Most of t<span class=\"_ _0\"></span>he cust<span class=\"_ _8\"></span>omer contr<span class=\"_ _0\"></span>acts include cancell<span class=\"_ _0\"></span>ation claus<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at gives t<span class=\"_ _0\"></span>he Compan<span class=\"_ _0\"></span>y sufficient pr<span class=\"_ _8\"></span>otection t<span class=\"_ _8\"></span>o conclude that ther<span class=\"_ _8\"></span>e is an enf<span class=\"_ _8\"></span>orce<span class=\"_ _0\"></span>able right t<span class=\"_ _0\"></span>o payment.Clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omised and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore wit<span class=\"_ _0\"></span>h alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use and r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed at point in time.Sale of filling equipmen<span class=\"_ _0\"></span>tR<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>ale of filling equipment i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at the point in time when c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol of the ass<span class=\"_ _0\"></span>et is tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cust<span class=\"_ _8\"></span>omer<span class=\"_ _8\"></span>, generally when t<span class=\"_ _0\"></span>he machine i<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed and accept<span class=\"_ _0\"></span>ed by the c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Filling equipment could r<span class=\"_ _8\"></span>esult in no alt<span class=\"_ _8\"></span>ernative u<span class=\"_ _0\"></span>se if it would incur sig<span class=\"_ _0\"></span>nificant cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>work the de<span class=\"_ _0\"></span>sign and f<span class=\"_ _0\"></span>unction of the machine t<span class=\"_ _8\"></span>o adapt it t<span class=\"_ _0\"></span>o another cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, in most c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s filling equipment i<span class=\"_ _0\"></span>s stand<span class=\"_ _0\"></span>ard equipmen<span class=\"_ _0\"></span>t and consider<span class=\"_ _8\"></span>ed to ha<span class=\"_ _0\"></span>ve alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, hence t<span class=\"_ _0\"></span>hey ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at point in time.Sale of serviceThe Gr<span class=\"_ _0\"></span>oup off<span class=\"_ _0\"></span>ers r<span class=\"_ _8\"></span>esear<span class=\"_ _8\"></span>ch and development support, af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er sales s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s and technic<span class=\"_ _0\"></span>al tr<span class=\"_ _0\"></span>aining and m<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>enance s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t, service and tr<span class=\"_ _0\"></span>aining is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ov<span class=\"_ _0\"></span>er time, as the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer simultaneously r<span class=\"_ _8\"></span>eceives and c<span class=\"_ _0\"></span>onsumes t<span class=\"_ _0\"></span>he benefit pr<span class=\"_ _0\"></span>ovided t<span class=\"_ _0\"></span>o them. The Gr<span class=\"_ _8\"></span>oup uses an input met<span class=\"_ _0\"></span>hod in measurin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ogr<span class=\"_ _8\"></span>ess of the s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s becaus<span class=\"_ _0\"></span>e ther<span class=\"_ _0\"></span>e is a dir<span class=\"_ _8\"></span>ect rel<span class=\"_ _0\"></span>ationship between t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s effort/labour hours occ<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed and the tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er of service to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _0\"></span>ebat<span class=\"_ _0\"></span>es and ot<span class=\"_ _0\"></span>her incentive<span class=\"_ _0\"></span>sIf the con<span class=\"_ _0\"></span>sideration in a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act includes a v<span class=\"_ _0\"></span>ariable amount, the Gr<span class=\"_ _8\"></span>oup estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s the amount of consider<span class=\"_ _8\"></span>ation to which it will be entit<span class=\"_ _0\"></span>led in ex<span class=\"_ _8\"></span>chang<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erring the g<span class=\"_ _0\"></span>oods t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. The variable consider<span class=\"_ _0\"></span>ation is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed at contr<span class=\"_ _0\"></span>act inception and const<span class=\"_ _0\"></span>rained un<span class=\"_ _0\"></span>til it is highly pr<span class=\"_ _8\"></span>obable that a sig<span class=\"_ _0\"></span>nificant r<span class=\"_ _8\"></span>evenue r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal in t<span class=\"_ _0\"></span>he amount of cumulativ<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evenue r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed will not occ<span class=\"_ _0\"></span>ur when the ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed uncer<span class=\"_ _a\"></span>tainty with t<span class=\"_ _0\"></span>he variable consider<span class=\"_ _8\"></span>ation is s<span class=\"_ _0\"></span>ubsequen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>olved. Car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e often sold wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>etr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>e volume di<span class=\"_ _0\"></span>scounts b<span class=\"_ _0\"></span>ased on aggr<span class=\"_ _8\"></span>egate s<span class=\"_ _0\"></span>ales ov<span class=\"_ _0\"></span>er sev<span class=\"_ _0\"></span>eral mon<span class=\"_ _0\"></span>ths. R<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om thes<span class=\"_ _0\"></span>e sales i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed bas<span class=\"_ _0\"></span>ed on the price s<span class=\"_ _0\"></span>pecified in the cont<span class=\"_ _0\"></span>ract, net of t<span class=\"_ _0\"></span>he estim<span class=\"_ _8\"></span>ated volume di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>s. A r<span class=\"_ _0\"></span>efund li<span class=\"_ _0\"></span>ability is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or the e<span class=\"_ _0\"></span>xpected v<span class=\"_ _0\"></span>olume dis<span class=\"_ _0\"></span>counts pa<span class=\"_ _0\"></span>yable t<span class=\"_ _8\"></span>o cust<span class=\"_ _0\"></span>omers in r<span class=\"_ _8\"></span>elation t<span class=\"_ _0\"></span>o sales made un<span class=\"_ _0\"></span>til the end of the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.No significan<span class=\"_ _0\"></span>t element of financin<span class=\"_ _0\"></span>g is deemed pr<span class=\"_ _8\"></span>esent, and t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup had no right of r<span class=\"_ _8\"></span>eturn in the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.Contr<span class=\"_ _8\"></span>act liabilitiesP<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or filling equipment ar<span class=\"_ _8\"></span>e generally m<span class=\"_ _0\"></span>ade in inst<span class=\"_ _0\"></span>alments and a cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>ability is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed when a pay<span class=\"_ _0\"></span>ment is r<span class=\"_ _8\"></span>eceived or due f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a cus<span class=\"_ _0\"></span>tomer bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>ers the fillin<span class=\"_ _0\"></span>g equipment. Contr<span class=\"_ _8\"></span>act liabilities ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as r<span class=\"_ _0\"></span>evenue when con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of the fillin<span class=\"_ _0\"></span>g equipment i<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>.Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>sContr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>epaid suppor<span class=\"_ _a\"></span>t (r<span class=\"_ _8\"></span>ebate) t<span class=\"_ _0\"></span>o cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against contr<span class=\"_ _8\"></span>acted f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es of carton and f<span class=\"_ _8\"></span>eatur<span class=\"_ _0\"></span>es. The pr<span class=\"_ _8\"></span>epaid suppor<span class=\"_ _a\"></span>t is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the diff<span class=\"_ _8\"></span>erent perf<span class=\"_ _0\"></span>ormance obligation<span class=\"_ _0\"></span>s, hereunder fillin<span class=\"_ _0\"></span>g equipment and cartons/<span class=\"_ _1\"></span>clos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es. Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s include over time r<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>or cartons bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t becomes unconditional. See No<span class=\"_ _0\"></span>te 25 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s.R<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Oblig<span class=\"_ _0\"></span>ationsDeliver<span class=\"_ _a\"></span>y obligations f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed within one year or le<span class=\"_ _0\"></span>ss, s<span class=\"_ _0\"></span>o we ha<span class=\"_ _0\"></span>ve ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e elect<span class=\"_ _0\"></span>ed to u<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ception IFR<span class=\"_ _0\"></span>S 15.121.The Gr<span class=\"_ _0\"></span>oup's r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>venue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _8\"></span>acts with cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers (99%) and r<span class=\"_ _8\"></span>ental income f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om leas<span class=\"_ _0\"></span>e of filling equipment (1%). R<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e primarily derived f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he sale of cartons and clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es, sale<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ental income r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to fillin<span class=\"_ _0\"></span>g equipment and service.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__27": {
   "value": "Sale of cartons and c<span class=\"_ _0\"></span>losur<span class=\"_ _8\"></span>esCar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e print<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on cust<span class=\"_ _8\"></span>omer specifications and ar<span class=\"_ _8\"></span>e ther<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e without alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use. Canc<span class=\"_ _0\"></span>ellation pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>sions in the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer contr<span class=\"_ _8\"></span>acts, combined with backgr<span class=\"_ _8\"></span>ound law in t<span class=\"_ _0\"></span>he legal juris<span class=\"_ _0\"></span>dictions give t<span class=\"_ _0\"></span>he C ompan<span class=\"_ _0\"></span>y an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or work per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormed t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e as des<span class=\"_ _0\"></span>cribed in IFR<span class=\"_ _0\"></span>S 15. Most of t<span class=\"_ _0\"></span>he cust<span class=\"_ _8\"></span>omer contr<span class=\"_ _0\"></span>acts include cancell<span class=\"_ _0\"></span>ation claus<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at gives t<span class=\"_ _0\"></span>he Compan<span class=\"_ _0\"></span>y sufficient pr<span class=\"_ _8\"></span>otection t<span class=\"_ _8\"></span>o conclude that ther<span class=\"_ _8\"></span>e is an enf<span class=\"_ _8\"></span>orce<span class=\"_ _0\"></span>able right t<span class=\"_ _0\"></span>o payment.Clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omised and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore wit<span class=\"_ _0\"></span>h alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use and r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed at point in time.Sale of filling equipmen<span class=\"_ _0\"></span>tR<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>ale of filling equipment i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at the point in time when c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol of the ass<span class=\"_ _0\"></span>et is tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cust<span class=\"_ _8\"></span>omer<span class=\"_ _8\"></span>, generally when t<span class=\"_ _0\"></span>he machine i<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed and accept<span class=\"_ _0\"></span>ed by the c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Filling equipment could r<span class=\"_ _8\"></span>esult in no alt<span class=\"_ _8\"></span>ernative u<span class=\"_ _0\"></span>se if it would incur sig<span class=\"_ _0\"></span>nificant cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>work the de<span class=\"_ _0\"></span>sign and f<span class=\"_ _0\"></span>unction of the machine t<span class=\"_ _8\"></span>o adapt it t<span class=\"_ _0\"></span>o another cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _8\"></span>. Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, in most c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s filling equipment i<span class=\"_ _0\"></span>s stand<span class=\"_ _0\"></span>ard equipmen<span class=\"_ _0\"></span>t and consider<span class=\"_ _8\"></span>ed to ha<span class=\"_ _0\"></span>ve alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, hence t<span class=\"_ _0\"></span>hey ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed at point in time.Sale of serviceThe Gr<span class=\"_ _0\"></span>oup off<span class=\"_ _0\"></span>ers r<span class=\"_ _8\"></span>esear<span class=\"_ _8\"></span>ch and development support, af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er sales s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s and technic<span class=\"_ _0\"></span>al tr<span class=\"_ _0\"></span>aining and m<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>enance s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t. R<span class=\"_ _0\"></span>evenue f<span class=\"_ _8\"></span>rom s<span class=\"_ _0\"></span>uppor<span class=\"_ _a\"></span>t, service and tr<span class=\"_ _0\"></span>aining is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ov<span class=\"_ _0\"></span>er time, as the cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer simultaneously r<span class=\"_ _8\"></span>eceives and c<span class=\"_ _0\"></span>onsumes t<span class=\"_ _0\"></span>he benefit pr<span class=\"_ _0\"></span>ovided t<span class=\"_ _0\"></span>o them. The Gr<span class=\"_ _8\"></span>oup uses an input met<span class=\"_ _0\"></span>hod in measurin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ogr<span class=\"_ _8\"></span>ess of the s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice<span class=\"_ _0\"></span>s becaus<span class=\"_ _0\"></span>e ther<span class=\"_ _0\"></span>e is a dir<span class=\"_ _8\"></span>ect rel<span class=\"_ _0\"></span>ationship between t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s effort/labour hours occ<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed and the tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er of service to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade discoun<span class=\"_ _0\"></span>ts, volume r<span class=\"_ _0\"></span>ebat<span class=\"_ _0\"></span>es and ot<span class=\"_ _0\"></span>her incentive<span class=\"_ _0\"></span>sIf the con<span class=\"_ _0\"></span>sideration in a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act includes a v<span class=\"_ _0\"></span>ariable amount, the Gr<span class=\"_ _8\"></span>oup estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s the amount of consider<span class=\"_ _8\"></span>ation to which it will be entit<span class=\"_ _0\"></span>led in ex<span class=\"_ _8\"></span>chang<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erring the g<span class=\"_ _0\"></span>oods t<span class=\"_ _0\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. The variable consider<span class=\"_ _0\"></span>ation is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed at contr<span class=\"_ _0\"></span>act inception and const<span class=\"_ _0\"></span>rained un<span class=\"_ _0\"></span>til it is highly pr<span class=\"_ _8\"></span>obable that a sig<span class=\"_ _0\"></span>nificant r<span class=\"_ _8\"></span>evenue r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal in t<span class=\"_ _0\"></span>he amount of cumulativ<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evenue r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed will not occ<span class=\"_ _0\"></span>ur when the ass<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>ed uncer<span class=\"_ _a\"></span>tainty with t<span class=\"_ _0\"></span>he variable consider<span class=\"_ _8\"></span>ation is s<span class=\"_ _0\"></span>ubsequen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>olved. Car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e often sold wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>etr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>e volume di<span class=\"_ _0\"></span>scounts b<span class=\"_ _0\"></span>ased on aggr<span class=\"_ _8\"></span>egate s<span class=\"_ _0\"></span>ales ov<span class=\"_ _0\"></span>er sev<span class=\"_ _0\"></span>eral mon<span class=\"_ _0\"></span>ths. R<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om thes<span class=\"_ _0\"></span>e sales i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed bas<span class=\"_ _0\"></span>ed on the price s<span class=\"_ _0\"></span>pecified in the cont<span class=\"_ _0\"></span>ract, net of t<span class=\"_ _0\"></span>he estim<span class=\"_ _8\"></span>ated volume di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>s. A r<span class=\"_ _0\"></span>efund li<span class=\"_ _0\"></span>ability is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or the e<span class=\"_ _0\"></span>xpected v<span class=\"_ _0\"></span>olume dis<span class=\"_ _0\"></span>counts pa<span class=\"_ _0\"></span>yable t<span class=\"_ _8\"></span>o cust<span class=\"_ _0\"></span>omers in r<span class=\"_ _8\"></span>elation t<span class=\"_ _0\"></span>o sales made un<span class=\"_ _0\"></span>til the end of the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.No significan<span class=\"_ _0\"></span>t element of financin<span class=\"_ _0\"></span>g is deemed pr<span class=\"_ _8\"></span>esent, and t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup had no right of r<span class=\"_ _8\"></span>eturn in the r<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>ting period.Contr<span class=\"_ _8\"></span>act liabilitiesP<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or filling equipment ar<span class=\"_ _8\"></span>e generally m<span class=\"_ _0\"></span>ade in inst<span class=\"_ _0\"></span>alments and a cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>ability is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed when a pay<span class=\"_ _0\"></span>ment is r<span class=\"_ _8\"></span>eceived or due f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a cus<span class=\"_ _0\"></span>tomer bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>ers the fillin<span class=\"_ _0\"></span>g equipment. Contr<span class=\"_ _8\"></span>act liabilities ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as r<span class=\"_ _0\"></span>evenue when con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of the fillin<span class=\"_ _0\"></span>g equipment i<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>.Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>sContr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>epaid suppor<span class=\"_ _a\"></span>t (r<span class=\"_ _8\"></span>ebate) t<span class=\"_ _0\"></span>o cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against contr<span class=\"_ _8\"></span>acted f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es of carton and f<span class=\"_ _8\"></span>eatur<span class=\"_ _0\"></span>es. The pr<span class=\"_ _8\"></span>epaid suppor<span class=\"_ _a\"></span>t is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the diff<span class=\"_ _8\"></span>erent perf<span class=\"_ _0\"></span>ormance obligation<span class=\"_ _0\"></span>s, hereunder fillin<span class=\"_ _0\"></span>g equipment and cartons/<span class=\"_ _1\"></span>clos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es. Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s include over time r<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>or cartons bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t becomes unconditional. See No<span class=\"_ _0\"></span>te 25 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s.R<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Oblig<span class=\"_ _0\"></span>ationsDeliver<span class=\"_ _a\"></span>y obligations f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed within one year or le<span class=\"_ _0\"></span>ss, s<span class=\"_ _0\"></span>o we ha<span class=\"_ _0\"></span>ve ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e elect<span class=\"_ _0\"></span>ed to u<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ception IFR<span class=\"_ _0\"></span>S 15.121.The Gr<span class=\"_ _0\"></span>oup's r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>venue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _8\"></span>acts with cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers (99%) and r<span class=\"_ _8\"></span>ental income f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om leas<span class=\"_ _0\"></span>e of filling equipment (1%). R<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e primarily derived f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he sale of cartons and clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es, sale<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ental income r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to fillin<span class=\"_ _0\"></span>g equipment and service.R<span class=\"_ _0\"></span>evenues s<span class=\"_ _0\"></span>pecified by geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>eaY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _146\"> </span>2022<span class=\"_ _84\"> </span>2021USA<span class=\"_ _147\"> </span>19<span class=\"_ _8\"></span>3,839 <span class=\"_ _2b\"> </span>141,246German<span class=\"_ _0\"></span>y<span class=\"_ _148\"> </span>16<span class=\"_ _0\"></span>1,629<span class=\"_ _2b\"> </span>146,790Canada<span class=\"_ _149\"> </span>68,778<span class=\"_ _c8\"> </span>51,417Netherland<span class=\"_ _0\"></span>s<span class=\"_ _7d\"> </span>56,215<span class=\"_ _52\"> </span>51,530Norway<span class=\"_ _14a\"> </span>25,645<span class=\"_ _c1\"> </span>24,7<span class=\"_ _1\"></span>69Other<span class=\"_ _14b\"> </span>517,589<span class=\"_ _22\"> </span>43<span class=\"_ _0\"></span>9,514T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _14c\"> </span>1,023,6<span class=\"_ _0\"></span>96<span class=\"_ _3d\"> </span>855,265The re<span class=\"_ _0\"></span>venues ar<span class=\"_ _0\"></span>e specified by location (coun<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>y) of the cu<span class=\"_ _0\"></span>stomer<span class=\"_ _8\"></span>.R<span class=\"_ _0\"></span>evenues b<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>oduct and operati<span class=\"_ _0\"></span>ng seg<span class=\"_ _0\"></span>ment(EUR 1,000)Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022<span class=\"_ _92\"> </span>EMEA<span class=\"_ _40\"> </span>Americaselimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>Cartons and closur<span class=\"_ _0\"></span>es<span class=\"_ _14d\"> </span>671,025 <span class=\"_ _60\"> </span>256,522 <span class=\"_ _10b\"> </span> -3,797 <span class=\"_ _c1\"> </span>923,750 E<span class=\"_ _0\"></span>quipment<span class=\"_ _14e\"> </span> 36,307 <span class=\"_ _14f\"> </span> 2,183 <span class=\"_ _144\"> </span> -9,907 <span class=\"_ _5c\"> </span> 28,583 Service<span class=\"_ _150\"> </span> 46,036 <span class=\"_ _9f\"> </span> - <span class=\"_ _55\"> </span> -66<span class=\"_ _8\"></span>9 <span class=\"_ _5c\"> </span> 45,367 Other<span class=\"_ _a5\"> </span> 32,608 <span class=\"_ _64\"> </span> 1,830 <span class=\"_ _144\"> </span> -8,442 <span class=\"_ _5c\"> </span> 25,996 T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _151\"> </span>785,9<span class=\"_ _0\"></span>7<span class=\"_ _8\"></span>6 <span class=\"_ _4b\"> </span>260,535 <span class=\"_ _60\"> </span>-22,815<span class=\"_ _2f\"> </span>1,023,6<span class=\"_ _0\"></span>96Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2021<span class=\"_ _152\"> </span>EMEA<span class=\"_ _2f\"> </span>America<span class=\"_ _0\"></span>selimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>Cartons and closur<span class=\"_ _0\"></span>es<span class=\"_ _21\"> </span>57<span class=\"_ _0\"></span>0,565 <span class=\"_ _c8\"> </span>185,246 <span class=\"_ _144\"> </span> -3,307 <span class=\"_ _153\"> </span>752,503 E<span class=\"_ _0\"></span>quipment<span class=\"_ _154\"> </span> 38,477 <span class=\"_ _ca\"> </span> 5,015 <span class=\"_ _d4\"> </span> -4 <span class=\"_ _c8\"> </span> 43,488 Service<span class=\"_ _a8\"> </span> 42,823 <span class=\"_ _9f\"> </span> - <span class=\"_ _155\"> </span> -495 <span class=\"_ _144\"> </span> 42,329 Other<span class=\"_ _156\"> </span> 22,996 <span class=\"_ _c4\"> </span> 1,904 <span class=\"_ _12c\"> </span> -7,954 <span class=\"_ _7f\"> </span> 16,9<span class=\"_ _8\"></span>45 T<span class=\"_ _1\"></span>otal revenue<span class=\"_ _0\"></span>s<span class=\"_ _157\"> </span>67<span class=\"_ _1\"></span>4,862 <span class=\"_ _4c\"> </span>192,166 <span class=\"_ _c8\"> </span>-11,7<span class=\"_ _8\"></span>60<span class=\"_ _4c\"> </span>855,265",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__29": {
   "value": "Contr<span class=\"_ _8\"></span>act liabilitiesP<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or filling equipment ar<span class=\"_ _8\"></span>e generally m<span class=\"_ _0\"></span>ade in inst<span class=\"_ _0\"></span>alments and a cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>ability is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed when a pay<span class=\"_ _0\"></span>ment is r<span class=\"_ _8\"></span>eceived or due f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a cus<span class=\"_ _0\"></span>tomer bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>ers the fillin<span class=\"_ _0\"></span>g equipment. Contr<span class=\"_ _8\"></span>act liabilities ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as r<span class=\"_ _0\"></span>evenue when con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of the fillin<span class=\"_ _0\"></span>g equipment i<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>erred t<span class=\"_ _8\"></span>o the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>.Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>sContr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>epaid suppor<span class=\"_ _a\"></span>t (r<span class=\"_ _8\"></span>ebate) t<span class=\"_ _0\"></span>o cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against contr<span class=\"_ _8\"></span>acted f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es of carton and f<span class=\"_ _8\"></span>eatur<span class=\"_ _0\"></span>es. The pr<span class=\"_ _8\"></span>epaid suppor<span class=\"_ _a\"></span>t is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the diff<span class=\"_ _8\"></span>erent perf<span class=\"_ _0\"></span>ormance obligation<span class=\"_ _0\"></span>s, hereunder fillin<span class=\"_ _0\"></span>g equipment and cartons/<span class=\"_ _1\"></span>clos<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es. Contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s include over time r<span class=\"_ _8\"></span>evenue f<span class=\"_ _0\"></span>or cartons bef<span class=\"_ _8\"></span>ore t<span class=\"_ _0\"></span>he right t<span class=\"_ _0\"></span>o paymen<span class=\"_ _0\"></span>t becomes unconditional. See No<span class=\"_ _0\"></span>te 25 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__30": {
   "value": "R<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Oblig<span class=\"_ _0\"></span>ationsDeliver<span class=\"_ _a\"></span>y obligations f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed within one year or le<span class=\"_ _0\"></span>ss, s<span class=\"_ _0\"></span>o we ha<span class=\"_ _0\"></span>ve ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e elect<span class=\"_ _0\"></span>ed to u<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ception IFR<span class=\"_ _0\"></span>S 15.121.The Gr<span class=\"_ _0\"></span>oup's r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>venue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om contr<span class=\"_ _8\"></span>acts with cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omers (99%) and r<span class=\"_ _8\"></span>ental income f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om leas<span class=\"_ _0\"></span>e of filling equipment (1%). R<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e primarily derived f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he sale of cartons and clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es, sale<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ental income r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to fillin<span class=\"_ _0\"></span>g equipment and service.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__31": {
   "value": "Not<span class=\"_ _0\"></span>e 6 \u2013 Oper<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>sInf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ation reported t<span class=\"_ _8\"></span>o the Group's chief oper<span class=\"_ _8\"></span>ating decision m<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ers, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup Leader<span class=\"_ _0\"></span>ship T<span class=\"_ _f\"></span>eam, for t<span class=\"_ _0\"></span>he purpose of r<span class=\"_ _8\"></span>esour<span class=\"_ _8\"></span>ce allocation and ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of seg<span class=\"_ _0\"></span>ment per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormanc<span class=\"_ _0\"></span>e is f<span class=\"_ _0\"></span>ocus<span class=\"_ _0\"></span>ed on two k<span class=\"_ _0\"></span>ey geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphical r<span class=\"_ _0\"></span>egions \u2013 EMEA and Americ<span class=\"_ _0\"></span>as. GLS Elopak i<span class=\"_ _0\"></span>s included in EMEA. K<span class=\"_ _8\"></span>ey fig<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting t<span class=\"_ _0\"></span>he financial perfo<span class=\"_ _0\"></span>rmance of t<span class=\"_ _0\"></span>hese s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted in the f<span class=\"_ _8\"></span>ollowing not<span class=\"_ _0\"></span>e. R<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er to No<span class=\"_ _0\"></span>te 11 f<span class=\"_ _8\"></span>or disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of fix<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets specified by g<span class=\"_ _0\"></span>eogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>ea.Oper<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>egments(EUR 1,000)Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022<span class=\"_ _158\"> </span>EMEA<span class=\"_ _2f\"> </span>America<span class=\"_ _0\"></span>selimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>T<span class=\"_ _1\"></span>otal rev<span class=\"_ _0\"></span>enue and other operatin<span class=\"_ _0\"></span>g income<span class=\"_ _159\"> </span>786,133<span class=\"_ _48\"> </span>260,535<span class=\"_ _84\"> </span>-22,815<span class=\"_ _46\"> </span>1,023,853 1)Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es-6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3,984<span class=\"_ _153\"> </span>-213,558<span class=\"_ _64\"> </span>-6,410<span class=\"_ _c1\"> </span>-913,952Depreci<span class=\"_ _0\"></span>ation and amor<span class=\"_ _a\"></span>tization<span class=\"_ _15a\"> </span>-51,564<span class=\"_ _155\"> </span>-7,164<span class=\"_ _7b\"> </span>-2,800<span class=\"_ _84\"> </span>-6<span class=\"_ _0\"></span>1,528Impairment<span class=\"_ _15b\"> </span>-6,338<span class=\"_ _77\"> </span><span class=\"lsaf ws1bc\">-<span class=\"_ _a\"></span>261<span class=\"_ _b1\"> </span></span>-<span class=\"_ _c4\"> </span>-6,599Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _15c\"> </span>34,2<span class=\"_ _0\"></span>47<span class=\"_ _118\"> </span>39,551<span class=\"_ _60\"> </span>-32,02<span class=\"_ _8\"></span>4<span class=\"_ _ca\"> </span>41,77<span class=\"_ _1\"></span>42)EB<span class=\"_ _a\"></span>ITDA 92,149<span class=\"_ _64\"> </span>46,97<span class=\"_ _1\"></span>6<span class=\"_ _12c\"> </span>-29,22<span class=\"_ _0\"></span>4<span class=\"_ _7f\"> </span>109,901 2)Adjust<span class=\"_ _8\"></span>ed EBITD<span class=\"_ _0\"></span>A9<span class=\"_ _8\"></span>4,283<span class=\"_ _ca\"> </span>51,466<span class=\"_ _144\"> </span>-26,336<span class=\"_ _118\"> </span>119,413T<span class=\"_ _1\"></span>otal assets<span class=\"_ _15d\"> </span>9<span class=\"_ _8\"></span>45,626<span class=\"_ _50\"> </span>157,111<span class=\"_ _c1\"> </span>-146,258<span class=\"_ _c8\"> </span>956,479Pur<span class=\"_ _0\"></span>chase of non-c<span class=\"_ _0\"></span>urrent a<span class=\"_ _0\"></span>ssets during t<span class=\"_ _0\"></span>he year<span class=\"_ _15e\"> </span>45,006<span class=\"_ _62\"> </span>5,657<span class=\"_ _c4\"> </span>-6,9<span class=\"_ _8\"></span>49<span class=\"_ _14f\"> </span>43,714Other and Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2021<span class=\"_ _92\"> </span>EMEA<span class=\"_ _2f\"> </span>Americaselimination<span class=\"_ _0\"></span>s<span class=\"_ _62\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"></span>l</span>T<span class=\"_ _1\"></span>otal rev<span class=\"_ _0\"></span>enue and other operatin<span class=\"_ _0\"></span>g income<span class=\"_ _15f\"> </span>67<span class=\"_ _1\"></span>4,868<span class=\"_ _142\"> </span>192,166<span class=\"_ _12a\"> </span>-11,7<span class=\"_ _8\"></span>60<span class=\"_ _5c\"> </span>855,268 1)Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es-577,7<span class=\"_ _8\"></span>64<span class=\"_ _5a\"> </span>-160,598<span class=\"_ _12c\"> </span>-13,590<span class=\"_ _60\"> </span>-751,9<span class=\"_ _8\"></span>49Depreci<span class=\"_ _0\"></span>ation and amor<span class=\"_ _a\"></span>tization<span class=\"_ _12f\"> </span>-43,589<span class=\"_ _118\"> </span>-6,644<span class=\"_ _118\"> </span>-2,646<span class=\"_ _12c\"> </span>-52,879Impairment<span class=\"_ _160\"> </span>-1,218<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _73\"> </span>-1,218Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _157\"> </span>52,29<span class=\"_ _0\"></span>7<span class=\"_ _142\"> </span>24,92<span class=\"_ _8\"></span>4<span class=\"_ _c8\"> </span>-27,99<span class=\"_ _0\"></span>6<span class=\"_ _142\"> </span>49,22<span class=\"_ _8\"></span>42)EB<span class=\"_ _a\"></span>ITDA 97,103<span class=\"_ _ca\"> </span>31,568<span class=\"_ _7f\"> </span>-25,351<span class=\"_ _5c\"> </span>103,320 2)Adjust<span class=\"_ _8\"></span>ed EBITD<span class=\"_ _0\"></span>A97,407<span class=\"_ _ca\"> </span>35,3<span class=\"_ _0\"></span>91<span class=\"_ _12c\"> </span>-19,083<span class=\"_ _64\"> </span>113,715T<span class=\"_ _1\"></span>otal assets<span class=\"_ _161\"> </span>604,126<span class=\"_ _12c\"> </span>134,656<span class=\"_ _118\"> </span>44,497<span class=\"_ _12c\"> </span>7<span class=\"_ _0\"></span>83,279Pur<span class=\"_ _0\"></span>chase of non-c<span class=\"_ _0\"></span>urrent a<span class=\"_ _0\"></span>ssets during t<span class=\"_ _0\"></span>he year<span class=\"_ _162\"> </span>25,445<span class=\"_ _6d\"> </span>8,815<span class=\"_ _163\"> </span>3,121<span class=\"_ _155\"> </span>3<span class=\"_ _0\"></span>7,3811) Operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es include cost of m<span class=\"_ _0\"></span>aterials, p<span class=\"_ _0\"></span>ayroll e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s, and other operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es. 2) See the APM dis<span class=\"_ _0\"></span>closur<span class=\"_ _0\"></span>e for the r<span class=\"_ _8\"></span>econciliation of EBITD<span class=\"_ _8\"></span>A and adjusted EBI<span class=\"_ _0\"></span>TD<span class=\"_ _0\"></span>A.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__33": {
   "value": "Not<span class=\"_ _0\"></span>e 7 \u2013P<span class=\"_ _0\"></span>ayr<span class=\"_ _8\"></span>oll expen<span class=\"_ _0\"></span>ses, number<span class=\"_ _8\"></span>s of employee<span class=\"_ _0\"></span>s, benefits et<span class=\"_ _0\"></span>c.Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended (EUR 1,000)December 31, 2022December 31, 2021Salary<span class=\"_ _164\"> </span>140,957 <span class=\"_ _165\"> </span>132,489 Social security<span class=\"_ _166\"> </span> 22,173 <span class=\"_ _145\"> </span> 2<span class=\"_ _0\"></span>0,800 P<span class=\"_ _0\"></span>ension defined benefit plans (Not<span class=\"_ _0\"></span>e 26)<span class=\"_ _167\"> </span> 84 <span class=\"_ _168\"> </span> 36 P<span class=\"_ _0\"></span>ension defined contribution plans (No<span class=\"_ _0\"></span>te 26)<span class=\"_ _88\"> </span> 9,59<span class=\"_ _0\"></span>7 <span class=\"_ _169\"> </span> 9,851 Other benefits<span class=\"_ _16a\"> </span> 3,911 <span class=\"_ _16b\"> </span> 3,625 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _16c\"> </span>17<span class=\"_ _8\"></span>6,721 <span class=\"_ _16d\"> </span>166,801 Man-year Elopak emplo<span class=\"_ _0\"></span>yees (e<span class=\"_ _0\"></span>xcl. equity inve<span class=\"_ _0\"></span>stees) <span class=\"_ _16e\"> </span> 2,100 <span class=\"_ _169\"> </span> 1,883",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__32-1": {
   "value": "Not<span class=\"_ _0\"></span>e 7 \u2013P<span class=\"_ _0\"></span>ayr<span class=\"_ _8\"></span>oll expen<span class=\"_ _0\"></span>ses, number<span class=\"_ _8\"></span>s of employee<span class=\"_ _0\"></span>s, benefits et<span class=\"_ _0\"></span>c.Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended (EUR 1,000)December 31, 2022December 31, 2021Salary<span class=\"_ _164\"> </span>140,957 <span class=\"_ _165\"> </span>132,489 Social security<span class=\"_ _166\"> </span> 22,173 <span class=\"_ _145\"> </span> 2<span class=\"_ _0\"></span>0,800 P<span class=\"_ _0\"></span>ension defined benefit plans (Not<span class=\"_ _0\"></span>e 26)<span class=\"_ _167\"> </span> 84 <span class=\"_ _168\"> </span> 36 P<span class=\"_ _0\"></span>ension defined contribution plans (No<span class=\"_ _0\"></span>te 26)<span class=\"_ _88\"> </span> 9,59<span class=\"_ _0\"></span>7 <span class=\"_ _169\"> </span> 9,851 Other benefits<span class=\"_ _16a\"> </span> 3,911 <span class=\"_ _16b\"> </span> 3,625 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _16c\"> </span>17<span class=\"_ _8\"></span>6,721 <span class=\"_ _16d\"> </span>166,801 Man-year Elopak emplo<span class=\"_ _0\"></span>yees (e<span class=\"_ _0\"></span>xcl. equity inve<span class=\"_ _0\"></span>stees) <span class=\"_ _16e\"> </span> 2,100 <span class=\"_ _169\"> </span> 1,883Not<span class=\"_ _0\"></span>e 26 - E<span class=\"_ _0\"></span>mploy<span class=\"_ _0\"></span>ee reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t benefit plansDefined contributi<span class=\"_ _0\"></span>on plansThe Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s defined contribution pen<span class=\"_ _0\"></span>sion plans wher<span class=\"_ _8\"></span>e the plans ar<span class=\"_ _8\"></span>e held separ<span class=\"_ _0\"></span>ately f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om thos<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _8\"></span>oup in funds under con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of tru<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ees. The only obligation of the Gr<span class=\"_ _8\"></span>oup is t<span class=\"_ _8\"></span>o mak<span class=\"_ _0\"></span>e the specified con<span class=\"_ _0\"></span>tributions.Defined benefit plan<span class=\"_ _0\"></span>sThe Gr<span class=\"_ _0\"></span>oup also r<span class=\"_ _0\"></span>uns pension plan<span class=\"_ _0\"></span>s that g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ant the employ<span class=\"_ _0\"></span>ees a right t<span class=\"_ _8\"></span>o defined fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e bene<span class=\"ws0\">-</span>fits. The<span class=\"_ _0\"></span>se defined benefit plans include in t<span class=\"_ _8\"></span>otal 7 pers<span class=\"_ _0\"></span>ons, which is one per<span class=\"_ _0\"></span>son le<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>anf<span class=\"_ _0\"></span>or 2021. The benefits ar<span class=\"_ _8\"></span>e mainly dependent on ye<span class=\"_ _0\"></span>ars of s<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vice, the le<span class=\"_ _0\"></span>vel of sal<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y at age of r<span class=\"_ _0\"></span>etir<span class=\"_ _0\"></span>ement and size of <span class=\"_ _0\"></span>contributions f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he nation<span class=\"_ _0\"></span>al insur<span class=\"_ _8\"></span>ance. The obligations ar<span class=\"_ _0\"></span>e par<span class=\"_ _a\"></span>tly cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough ins<span class=\"_ _0\"></span>uranc<span class=\"_ _0\"></span>e companies. Elop<span class=\"_ _0\"></span>ak ha<span class=\"_ _0\"></span>s unfun<span class=\"_ _0\"></span>ded ret<span class=\"_ _0\"></span>iree med<span class=\"_ _0\"></span>ical insur<span class=\"_ _8\"></span>ance plans f<span class=\"_ _0\"></span>or cer<span class=\"_ _a\"></span>tain of its emplo<span class=\"_ _0\"></span>yees loc<span class=\"_ _0\"></span>ated in t<span class=\"_ _0\"></span>he Unit<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>es.P<span class=\"_ _0\"></span>ension liability(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021Defined benefit obligations<span class=\"_ _2a9\"> </span>-2,668<span class=\"_ _106\"> </span>-2,580F<span class=\"_ _0\"></span>air value of plan a<span class=\"_ _0\"></span>ssets<span class=\"_ _2aa\"> </span>-<span class=\"_ _8e\"> </span>16Net pension liability<span class=\"_ _4d\"> </span>-2,668<span class=\"_ _49\"> </span>-2,563P<span class=\"_ _0\"></span>ension e<span class=\"_ _0\"></span>xpense(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021Defined benefit plans net<span class=\"_ _4d\"> </span>84<span class=\"_ _df\"> </span>36Defined contribution plan<span class=\"_ _0\"></span>s<span class=\"_ _2ab\"> </span>9,597<span class=\"_ _1c8\"> </span>9,851T<span class=\"_ _1\"></span>otal pension expen<span class=\"_ _0\"></span>ses<span class=\"_ _21e\"> </span>9,681<span class=\"_ _c8\"> </span>9,887Defined benefit plans ar<span class=\"_ _8\"></span>e subject t<span class=\"_ _0\"></span>o actuarial c<span class=\"_ _0\"></span>alculation<span class=\"_ _0\"></span>s. The estim<span class=\"_ _0\"></span>ated pen<span class=\"_ _0\"></span>sion cost f<span class=\"_ _8\"></span>or pension benefit plan<span class=\"_ _0\"></span>s in 2022 is EUR 84 t<span class=\"_ _0\"></span>housand and in 2<span class=\"_ _0\"></span>021 is EUR 36 thou<span class=\"_ _0\"></span>sand.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__34": {
   "value": "Ex<span class=\"_ _0\"></span>ecutive m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement compens<span class=\"_ _0\"></span>ation for t<span class=\"_ _0\"></span>he year ended December 3<span class=\"_ _0\"></span>1, 2022 i<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in the R<span class=\"_ _8\"></span>emuneration R<span class=\"_ _8\"></span>epor<span class=\"_ _a\"></span>t which is pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed on the Elopak web<span class=\"_ _0\"></span>site.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__35": {
   "value": "Not<span class=\"_ _0\"></span>e 8 Shar<span class=\"_ _8\"></span>e-bas<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>tsIn Nov<span class=\"_ _0\"></span>ember 2022 the Gr<span class=\"_ _8\"></span>oup intr<span class=\"_ _0\"></span>oduced a new long-t<span class=\"_ _8\"></span>erm incentive pr<span class=\"_ _8\"></span>ogr<span class=\"_ _0\"></span>am f<span class=\"_ _0\"></span>or eligible employee<span class=\"_ _0\"></span>s. PSUs (P<span class=\"_ _8\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance Sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e units) of the par<span class=\"_ _8\"></span>ent ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o members of t<span class=\"_ _0\"></span>he Global L<span class=\"_ _0\"></span>eadership T<span class=\"_ _f\"></span>eam member<span class=\"_ _0\"></span>s (GL<span class=\"_ _1\"></span>T). One PSU <span class=\"_ _0\"></span>(instrumen<span class=\"_ _0\"></span>t) equals one sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e. The eligible employee<span class=\"_ _0\"></span>s will be gr<span class=\"_ _8\"></span>anted an annual a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d of shar<span class=\"_ _8\"></span>es f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the Compan<span class=\"_ _8\"></span>y if cer<span class=\"_ _a\"></span>tain per<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance crit<span class=\"_ _0\"></span>eria ar<span class=\"_ _0\"></span>e met. This arr<span class=\"_ _8\"></span>angement r<span class=\"_ _8\"></span>eplaces f<span class=\"_ _8\"></span>ormer long t<span class=\"_ _0\"></span>erm-incentiv<span class=\"_ _0\"></span>e plans.The k<span class=\"_ _0\"></span>ey t<span class=\"_ _0\"></span>erms and conditions r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>ants ar<span class=\"_ _8\"></span>e as f<span class=\"_ _0\"></span>ollows:KPI Cat<span class=\"_ _0\"></span>egories<span class=\"_ _16f\"> </span>W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed<span class=\"_ _170\"> </span>MetricFinancial tar<span class=\"_ _0\"></span>gets<span class=\"_ _a8\"> </span>50 %<span class=\"_ _c1\"> </span>Ajdust<span class=\"_ _0\"></span>ed EBIT<span class=\"_ _0\"></span>DA le<span class=\"_ _0\"></span>ss normalized c<span class=\"_ _0\"></span>apexP<span class=\"_ _0\"></span>eople &amp; Planet target<span class=\"_ _0\"></span>s<span class=\"_ _171\"> </span><span class=\"ls5a wsaa\">20 %<span class=\"_ _69\"> </span></span>Environment<span class=\"_ _0\"></span>al target (Co<span class=\"_ _0\"></span>2 emission)Shar<span class=\"_ _0\"></span>eholder value tar<span class=\"_ _0\"></span>gets<span class=\"_ _172\"> </span>30 %<span class=\"_ _94\"> </span>T<span class=\"_ _8\"></span>otal sh<span class=\"_ _0\"></span>areholder<span class=\"_ _0\"></span>s ret<span class=\"_ _0\"></span>urn (TSR) The gr<span class=\"_ _8\"></span>anted P<span class=\"_ _0\"></span>SUs will be gr<span class=\"_ _0\"></span>adually ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed during a 3-y<span class=\"_ _0\"></span>ear period. Allocation of P<span class=\"_ _0\"></span>SUs will be bas<span class=\"_ _0\"></span>ed on % of bas<span class=\"_ _0\"></span>e pay (with m<span class=\"_ _0\"></span>aximum allocation of 80% f<span class=\"_ _8\"></span>or CEO and 50% f<span class=\"_ _0\"></span>or Global Leader<span class=\"_ _8\"></span>ship T<span class=\"_ _1\"></span>eam member<span class=\"_ _0\"></span>s).The e<span class=\"_ _0\"></span>xer<span class=\"_ _8\"></span>cise price of t<span class=\"_ _0\"></span>he PSUs i<span class=\"_ _0\"></span>s equal to t<span class=\"_ _0\"></span>he mark<span class=\"_ _8\"></span>et price of the underlyin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es on the dat<span class=\"_ _8\"></span>e of gran<span class=\"_ _0\"></span>t. The f<span class=\"_ _0\"></span>air value of the P<span class=\"_ _0\"></span>SUs is e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed at the gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _8\"></span>e thr<span class=\"_ _0\"></span>ough Mont<span class=\"_ _0\"></span>e Carlo simulation. How<span class=\"_ _0\"></span>ever<span class=\"_ _8\"></span>, the abo<span class=\"_ _0\"></span>ve per<span class=\"_ _a\"></span>f<span class=\"_ _8\"></span>ormance condition i<span class=\"_ _0\"></span>s only consider<span class=\"_ _0\"></span>ed in deter<span class=\"_ _0\"></span>mining the number of P<span class=\"_ _0\"></span>SUs that will ultim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely ves<span class=\"_ _0\"></span>t.The PSUs c<span class=\"_ _0\"></span>an be ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>sed up t<span class=\"_ _8\"></span>o two year<span class=\"_ _0\"></span>s af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>hree-y<span class=\"_ _0\"></span>ear ve<span class=\"_ _0\"></span>sting period and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"ws0\">-</span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e, the cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual term of each op<span class=\"_ _0\"></span>tion gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is five <span class=\"_ _0\"></span>year<span class=\"_ _0\"></span>s. There ar<span class=\"_ _8\"></span>e no cash s<span class=\"_ _0\"></span>ettlement alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>es. The Gr<span class=\"_ _0\"></span>oup does not h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e a past pr<span class=\"_ _8\"></span>actice of cash s<span class=\"_ _0\"></span>ettlement f<span class=\"_ _8\"></span>or thes<span class=\"_ _0\"></span>e PSUs. The Gr<span class=\"_ _0\"></span>oup accounts f<span class=\"_ _8\"></span>or the PSUs a<span class=\"_ _0\"></span>s an equity-settled plan.Not<span class=\"_ _0\"></span>e 8 Shar<span class=\"_ _8\"></span>e-bas<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>ts <span class=\"fc4\">continued</span>R<span class=\"_ _0\"></span>econciliation of outs<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>orma<span class=\"_ _0\"></span>nce shar<span class=\"_ _8\"></span>e unitsY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022Number of instr<span class=\"_ _0\"></span>uments in thous<span class=\"_ _0\"></span>ands (PSU)<span class=\"_ _173\"> </span>Number of options<span class=\"_ _ef\"> </span>W<span class=\"_ _8\"></span>eighted av<span class=\"_ _0\"></span>erage e<span class=\"_ _8\"></span>xercis<span class=\"_ _0\"></span>e priceOutstandin<span class=\"_ _0\"></span>g at Januar<span class=\"_ _a\"></span>y 1 <span class=\"_ _174\"> </span>-<span class=\"_ _175\"> </span>-Gran<span class=\"_ _0\"></span>ted during t<span class=\"_ _0\"></span>he year<span class=\"_ _176\"> </span><span class=\"lsb5 ws1f8\">74<span class=\"_ _16\"></span>4<span class=\"_ _10d\"> </span></span>-P<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>ormance adjust<span class=\"_ _0\"></span>ed<span class=\"_ _177\"> </span>-45<span class=\"_ _175\"> </span>-F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>f<span class=\"_ _0\"></span>eited during t<span class=\"_ _0\"></span>he year<span class=\"_ _178\"> </span>-<span class=\"_ _175\"> </span>-Exer<span class=\"_ _8\"></span>cised during the y<span class=\"_ _0\"></span>ear 1)<span class=\"_ _179\"> </span>-<span class=\"_ _175\"> </span>-Expired durin<span class=\"_ _0\"></span>g the year<span class=\"_ _116\"> </span>-<span class=\"_ _175\"> </span>-Outstandi<span class=\"_ _0\"></span>ng at December 31<span class=\"_ _113\"> </span><span class=\"ls1 ws1\">699<span class=\"_ _17a\"> </span></span>-Exer<span class=\"_ _0\"></span>cisable at December 3<span class=\"_ _0\"></span>1 (vest<span class=\"_ _0\"></span>ed)<span class=\"_ _17b\"> </span>-<span class=\"_ _17c\"> </span>-1) No shar<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave been e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cised in 2<span class=\"_ _0\"></span>022. The weight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age r<span class=\"_ _0\"></span>emaining con<span class=\"_ _0\"></span>tract<span class=\"_ _0\"></span>ual life f<span class=\"_ _8\"></span>or the shar<span class=\"_ _0\"></span>e options outstandin<span class=\"_ _0\"></span>g as at 31 December 2022 w<span class=\"_ _0\"></span>as 2.52 year<span class=\"_ _0\"></span>s. The weight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age f<span class=\"_ _0\"></span>air value of PSU g<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>ed during 2022 wa<span class=\"_ _0\"></span>s \u20ac 2,32 The f<span class=\"_ _0\"></span>ollowing tables li<span class=\"_ _0\"></span>st the inputs t<span class=\"_ _0\"></span>o the models us<span class=\"_ _0\"></span>ed for t<span class=\"_ _0\"></span>he years ended 3<span class=\"_ _0\"></span>1 December 2022:Assump<span class=\"_ _0\"></span>tions and inputs in model <span class=\"_ _17f\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31, 2022FV per instrument*<span class=\"_ _17d\"> </span> 2.32Dividend yield*<span class=\"_ _180\"> </span> 0.00Expected v<span class=\"_ _0\"></span>olatility*<span class=\"_ _181\"> </span>7.95 %Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e (IRR)*<span class=\"_ _182\"> </span>0.928%Risk<span class=\"_ _0\"></span>-fr<span class=\"_ _8\"></span>ee inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate*<span class=\"_ _183\"> </span>3.09%Contr<span class=\"_ _0\"></span>actual lif<span class=\"_ _0\"></span>e*<span class=\"_ _184\"> </span> 2.63Expected lif<span class=\"_ _8\"></span>etime*<span class=\"_ _185\"> </span> 0.03W<span class=\"_ _0\"></span>eighted a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age shar<span class=\"_ _0\"></span>e price (\u20ac)<span class=\"_ _186\"> </span>2.32Model used<span class=\"_ _17d\"> </span>Mont<span class=\"_ _0\"></span>e Carlo *W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed aver<span class=\"_ _0\"></span>age paramet<span class=\"_ _8\"></span>ers at grant of in<span class=\"_ _0\"></span>strumentExpected v<span class=\"_ _0\"></span>olatility has been ba<span class=\"_ _0\"></span>sed on an evaluation of the hi<span class=\"_ _0\"></span>storic<span class=\"_ _0\"></span>al volatility of the P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ents shar<span class=\"_ _0\"></span>e price, particularly ov<span class=\"_ _0\"></span>er the hist<span class=\"_ _0\"></span>orical period commens<span class=\"_ _0\"></span>urat<span class=\"_ _0\"></span>e with the e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>erm. The expect<span class=\"_ _0\"></span>ed term of t<span class=\"_ _0\"></span>he instrument<span class=\"_ _0\"></span>s has been ba<span class=\"_ _0\"></span>sed on hist<span class=\"_ _0\"></span>orical experience and g<span class=\"_ _0\"></span>eneral option holder beh<span class=\"_ _0\"></span>avior<span class=\"_ _8\"></span>.Components of sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed paymen<span class=\"_ _0\"></span>ts employee benefit e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s<span class=\"_ _91\"> </span>Y<span class=\"_ _8\"></span>ear to d<span class=\"_ _0\"></span>ate ended December 31, 2<span class=\"_ _0\"></span>022Shar<span class=\"_ _0\"></span>e based pa<span class=\"_ _0\"></span>yment<span class=\"_ _17d\"> </span>89Social security cont<span class=\"_ _0\"></span>ribution<span class=\"_ _17e\"> </span>9T<span class=\"_ _1\"></span>otal expens<span class=\"_ _0\"></span>es rel<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>o shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yments<span class=\"_ _f3\"> </span>98",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__36": {
   "value": "Not<span class=\"_ _0\"></span>e 9 - Developmen<span class=\"_ _0\"></span>t cost and o<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyExpenditur<span class=\"_ _8\"></span>e on re<span class=\"_ _0\"></span>sear<span class=\"_ _8\"></span>ch activities is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpense in t<span class=\"_ _0\"></span>he period in which it is incurr<span class=\"_ _8\"></span>ed. An int<span class=\"_ _0\"></span>ernally g<span class=\"_ _0\"></span>enerat<span class=\"_ _8\"></span>ed intangible as<span class=\"_ _0\"></span>set arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>rom dev<span class=\"_ _0\"></span>elopment is r<span class=\"_ _8\"></span>ecognized in t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of financial po<span class=\"_ _0\"></span>sition if the r<span class=\"_ _0\"></span>ecognition crit<span class=\"_ _8\"></span>eria in IAS 38 are met. After initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition the as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e carried at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s any acc<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>ed amor<span class=\"_ _a\"></span>tization and impairmen<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es. See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or impairment of non-financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s accounting policy<span class=\"_ _8\"></span>.Developmen<span class=\"_ _0\"></span>t cost and ot<span class=\"_ _0\"></span>her intan<span class=\"_ _0\"></span>gible ass<span class=\"_ _0\"></span>ets(EUR 1,000)Cust<span class=\"_ _0\"></span>omer relation<span class=\"_ _0\"></span>s and Development 2022other costs<span class=\"_ _13d\"> </span>IT<span class=\"_ _0\"></span>-software<span class=\"_ _73\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>Cost at 1.1<span class=\"_ _187\"> </span>-<span class=\"_ _64\"> </span>44,183<span class=\"_ _14f\"> </span>7<span class=\"_ _8\"></span>6,579<span class=\"_ _7f\"> </span>120,7<span class=\"_ _1\"></span>62Busines<span class=\"_ _0\"></span>s combinations<span class=\"_ _188\"> </span>26,82<span class=\"_ _8\"></span>4<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _12a\"> </span>26,824Additions<span class=\"_ _b4\"> </span>-<span class=\"_ _108\"> </span>3,643<span class=\"_ _163\"> </span>3,211<span class=\"_ _108\"> </span>6,853Disposals<span class=\"_ _f0\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _7a\"> </span>-430<span class=\"_ _62\"> </span>-430Recl<span class=\"_ _0\"></span>assification<span class=\"_ _189\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _18a\"> </span>-641<span class=\"_ _18b\"> </span>-12<span class=\"_ _e7\"> </span>142<span class=\"_ _4e\"> </span>-510Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _17f\"> </span>26,183<span class=\"_ _7b\"> </span>47,814<span class=\"_ _142\"> </span>79,502<span class=\"_ _153\"> </span>153,499Acc. amortization and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _18c\"> </span>-<span class=\"_ _55\"> </span>21,7<span class=\"_ _1\"></span>40<span class=\"_ _64\"> </span>42,160<span class=\"_ _7f\"> </span>63,900Curr<span class=\"_ _0\"></span>ent year amortization charg<span class=\"_ _0\"></span>e<span class=\"_ _18d\"> </span>6,035<span class=\"_ _108\"> </span>4,007<span class=\"_ _7a\"> </span>8,510<span class=\"_ _64\"> </span>18,552Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _18e\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _d8\"> </span>287<span class=\"_ _d4\"> </span>287Amortization disposal<span class=\"_ _0\"></span>s<span class=\"_ _fc\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _df\"> </span>-362<span class=\"_ _6d\"> </span>-362Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _151\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Recl<span class=\"_ _0\"></span>assification<span class=\"_ _189\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _a4\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation amor<span class=\"_ _a\"></span>tization<span class=\"_ _18f\"> </span>-337<span class=\"_ _ac\"> </span>-<span class=\"_ _d8\"> </span>130<span class=\"_ _6d\"> </span><span class=\"ls2c ws49\">-2<span class=\"_ _a\"></span>07</span>Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _190\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _9f\"> </span>-3<span class=\"_ _ef\"> </span>-3Accumulat<span class=\"_ _0\"></span>ed amortization at 31.12<span class=\"_ _191\"> </span>5,6<span class=\"_ _0\"></span>98<span class=\"_ _118\"> </span>25,7<span class=\"_ _8\"></span>48<span class=\"_ _7b\"> </span>50,155<span class=\"_ _7f\"> </span>81,600Net accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _192\"> </span>--<span class=\"_ _75\"> </span>568<span class=\"_ _da\"> </span>568Carrying amount 31.12<span class=\"_ _193\"> </span>20,485<span class=\"_ _84\"> </span>22,066<span class=\"_ _194\"> </span>28,780<span class=\"_ _c4\"> </span>71,331E<span class=\"_ _0\"></span>conomic life<span class=\"_ _195\"> </span>0-8 year<span class=\"_ _0\"></span>s<span class=\"_ _3f\"> </span>5-10 years<span class=\"_ _45\"> </span>3-7 yearsAmortization method<span class=\"_ _196\"> </span>Linear<span class=\"_ _64\"> </span>Linear<span class=\"_ _64\"> </span>LinearNot<span class=\"_ _0\"></span>e 9 \u2013 Developmen<span class=\"_ _0\"></span>t cost and ot<span class=\"_ _0\"></span>her int<span class=\"_ _0\"></span>angible as<span class=\"_ _0\"></span>sets <span class=\"fc3 ws24b\">con<span class=\"_ _0\"></span>tinued</span>Cust<span class=\"_ _0\"></span>omer relation<span class=\"_ _0\"></span>s and other <span class=\"_ _125\"> </span>Development cost<span class=\"_ _0\"></span>s<span class=\"_ _13d\"> </span>IT<span class=\"_ _0\"></span>-softwareTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _197\"></span><span class=\"ls0 ws0\">2021</span>Cost at 1.1<span class=\"_ _ce\"> </span>-<span class=\"_ _a2\"> </span>40,890<span class=\"_ _142\"> </span>83,088<span class=\"_ _84\"> </span>123,97<span class=\"_ _0\"></span>8Additions<span class=\"_ _198\"> </span>-<span class=\"_ _199\"> </span>3,29<span class=\"_ _8\"></span>3<span class=\"_ _19a\"> </span>3,258<span class=\"_ _6d\"> </span>6,551Disposals<span class=\"_ _189\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _12a\"> </span>-10,717<span class=\"_ _118\"> </span>-10,717Recl<span class=\"_ _0\"></span>assification<span class=\"_ _19c\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _66\"> </span>807<span class=\"_ _d4\"> </span>807Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _19d\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _d8\"> </span>144<span class=\"_ _e7\"> </span>144Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _19e\"> </span>-<span class=\"_ _e3\"> </span>44,183<span class=\"_ _118\"> </span>7<span class=\"_ _8\"></span>6,579<span class=\"_ _47\"> </span>120,7<span class=\"_ _1\"></span>62Acc. amortization and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _19f\"> </span>-<span class=\"_ _12d\"> </span>18,062<span class=\"_ _12a\"> </span>44,705<span class=\"_ _14f\"> </span>62,7<span class=\"_ _8\"></span>67Curr<span class=\"_ _0\"></span>ent year amortization charg<span class=\"_ _0\"></span>e<span class=\"_ _1a0\"> </span>-<span class=\"_ _199\"> </span>3,678<span class=\"_ _108\"> </span>8,095<span class=\"_ _69\"> </span>11,773Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _1a1\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-Amortization disposal<span class=\"_ _0\"></span>s<span class=\"_ _1a2\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _84\"> </span>-10,7<span class=\"_ _1\"></span>65<span class=\"_ _194\"> </span>-10,7<span class=\"_ _1\"></span>65Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _14d\"> </span>-<span class=\"_ _1a3\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _ac\"> </span>-Recl<span class=\"_ _0\"></span>assification<span class=\"_ _19c\"> </span>-<span class=\"_ _1a3\"> </span>-<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation amor<span class=\"_ _a\"></span>tization<span class=\"_ _1a1\"> </span>-<span class=\"_ _19b\"> </span>-<span class=\"_ _104\"> </span>1<span class=\"_ _a\"></span>24<span class=\"_ _e8\"> </span>124Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _1a4\"> </span>-<span class=\"_ _1a3\"> </span>-<span class=\"_ _b1\"> </span>-<span class=\"_ _ac\"> </span>-Accumulat<span class=\"_ _0\"></span>ed amortization at 31.12<span class=\"_ _1a5\"> </span>-<span class=\"_ _aa\"> </span>21,7<span class=\"_ _8\"></span>40<span class=\"_ _64\"> </span>41,87<span class=\"_ _1\"></span>6<span class=\"_ _12a\"> </span>63,616Net accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1a6\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _66\"> </span>284<span class=\"_ _75\"> </span>284Carrying amount 31.12<span class=\"_ _e4\"> </span>-<span class=\"_ _a2\"> </span>22,443<span class=\"_ _194\"> </span>34,419<span class=\"_ _194\"> </span>56,862Cust<span class=\"_ _8\"></span>omer rel<span class=\"_ _0\"></span>ations and other include<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>air value of cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer and supply cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition of GL<span class=\"_ _0\"></span>S Elopak and Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>ackaging L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d in 2022. Cust<span class=\"_ _8\"></span>omer rel<span class=\"_ _0\"></span>ations ha<span class=\"_ _0\"></span>ve an e<span class=\"_ _0\"></span>stimat<span class=\"_ _8\"></span>ed economic lif<span class=\"_ _0\"></span>e of 8 year<span class=\"_ _0\"></span>s while the ot<span class=\"_ _0\"></span>her contr<span class=\"_ _8\"></span>acts ar<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ully amor<span class=\"_ _a\"></span>tized in 2<span class=\"_ _0\"></span>022. See not<span class=\"_ _0\"></span>e 21 f<span class=\"_ _0\"></span>or further details.The additions under dev<span class=\"_ _0\"></span>elopment cos<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o the dev<span class=\"_ _0\"></span>elopment of new fillin<span class=\"_ _0\"></span>g and produc<span class=\"ls0 ws0\">-</span>tion machine t<span class=\"_ _8\"></span>echnolog<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span>.The majority of I<span class=\"_ _0\"></span>T<span class=\"_ _8\"></span>-softwar<span class=\"_ _0\"></span>e are<span class=\"_ _0\"></span> additions r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed to inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>ts in I<span class=\"_ _0\"></span>T sys<span class=\"_ _0\"></span>tem f<span class=\"_ _8\"></span>or man<span class=\"_ _0\"></span>agement of mat<span class=\"_ _8\"></span>erials flow and financ<span class=\"_ _0\"></span>es. The sys<span class=\"_ _0\"></span>tem r<span class=\"_ _8\"></span>oll out star<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ed in 2017 and continued t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oughout 2022.R<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>arch a<span class=\"_ _0\"></span>nd developmentThe cos<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>sear<span class=\"_ _8\"></span>ch and development not eligible f<span class=\"_ _8\"></span>or capitaliz<span class=\"_ _0\"></span>ation which hav<span class=\"_ _0\"></span>e been expen<span class=\"_ _0\"></span>sed in 2022 amoun<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o EUR 12,501 thous<span class=\"_ _0\"></span>and. Compar<span class=\"_ _8\"></span>able amount in 2021 wa<span class=\"_ _0\"></span>s EUR 15,7<span class=\"_ _0\"></span>08 thous<span class=\"_ _0\"></span>and.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__37": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyExpenditur<span class=\"_ _8\"></span>e on re<span class=\"_ _0\"></span>sear<span class=\"_ _8\"></span>ch activities is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpense in t<span class=\"_ _0\"></span>he period in which it is incurr<span class=\"_ _8\"></span>ed. An int<span class=\"_ _0\"></span>ernally g<span class=\"_ _0\"></span>enerat<span class=\"_ _8\"></span>ed intangible as<span class=\"_ _0\"></span>set arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>rom dev<span class=\"_ _0\"></span>elopment is r<span class=\"_ _8\"></span>ecognized in t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of financial po<span class=\"_ _0\"></span>sition if the r<span class=\"_ _0\"></span>ecognition crit<span class=\"_ _8\"></span>eria in IAS 38 are met. After initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition the as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e carried at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s any acc<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>ed amor<span class=\"_ _a\"></span>tization and impairmen<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es. See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or impairment of non-financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s accounting policy<span class=\"_ _8\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__38": {
   "value": "Not<span class=\"_ _0\"></span>e 10 \u2013 GoodwillAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyGoodwill arisin<span class=\"_ _0\"></span>g on the acqui<span class=\"_ _0\"></span>sition of a subsidiary or a jointly cont<span class=\"_ _0\"></span>rolled en<span class=\"_ _0\"></span>tity repr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>s the e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he cost of acqui<span class=\"_ _0\"></span>sition ov<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup's int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in t<span class=\"_ _0\"></span>he net f<span class=\"_ _0\"></span>air value of the iden<span class=\"_ _0\"></span>ti<span class=\"ws0\">-</span>fiable as<span class=\"_ _0\"></span>sets, liabilitie<span class=\"_ _0\"></span>s and contin<span class=\"_ _0\"></span>gent liabilitie<span class=\"_ _0\"></span>s of the sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y at the dat<span class=\"_ _8\"></span>e of acquisition. Goodwill is initially r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed as an as<span class=\"_ _0\"></span>set at cos<span class=\"_ _0\"></span>t and is sub<span class=\"_ _0\"></span>sequent<span class=\"_ _0\"></span>ly measur<span class=\"_ _8\"></span>ed at cost le<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _8\"></span>ed impairment los<span class=\"_ _0\"></span>ses.F<span class=\"_ _0\"></span>or the purpo<span class=\"_ _0\"></span>se of impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>estin<span class=\"_ _0\"></span>g, goodwill i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o each of the Gr<span class=\"_ _8\"></span>oup's cash-g<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-</span>er<span class=\"_ _0\"></span>ating units e<span class=\"_ _8\"></span>xpected t<span class=\"_ _0\"></span>o benefit f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the sy<span class=\"_ _0\"></span>nergie<span class=\"_ _0\"></span>s of the combination ir<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e of whether other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s or liabilities of the ac<span class=\"_ _0\"></span>quiree ar<span class=\"_ _8\"></span>e assigned t<span class=\"_ _8\"></span>o thos<span class=\"_ _0\"></span>e units. Cash-gener<span class=\"_ _8\"></span>ating units t<span class=\"_ _0\"></span>o which goodwill ha<span class=\"_ _0\"></span>s been allocat<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment annually<span class=\"_ _8\"></span>, or mor<span class=\"_ _0\"></span>e fr<span class=\"_ _8\"></span>equently when ther<span class=\"_ _8\"></span>e is an indication th<span class=\"_ _0\"></span>at the unit m<span class=\"_ _0\"></span>ay be impair<span class=\"_ _8\"></span>ed. If the r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of the cas<span class=\"_ _0\"></span>h-gener<span class=\"_ _0\"></span>ating unit is le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he unit, the impairment lo<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed firs<span class=\"_ _0\"></span>t to r<span class=\"_ _8\"></span>educe the car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amount of an<span class=\"_ _0\"></span>y goodwill allocat<span class=\"_ _8\"></span>ed to the unit and t<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>o the other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the unit pr<span class=\"_ _0\"></span>o-r<span class=\"_ _0\"></span>ata on the ba<span class=\"_ _0\"></span>sis of the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of e<span class=\"_ _0\"></span>ach asset in the unit. An impair<span class=\"_ _0\"></span>ment loss r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or goodwill is not r<span class=\"_ _8\"></span>ever<span class=\"_ _0\"></span>sed in a sub<span class=\"_ _0\"></span>sequent period. On dis<span class=\"_ _0\"></span>posal of a s<span class=\"_ _0\"></span>ubsidiar<span class=\"_ _a\"></span>y or a joint<span class=\"_ _0\"></span>ly contr<span class=\"_ _8\"></span>olled entity, t<span class=\"_ _0\"></span>he attributable amoun<span class=\"_ _0\"></span>t of goodwill is included in t<span class=\"_ _0\"></span>he determin<span class=\"_ _8\"></span>ation of the profit or lo<span class=\"_ _0\"></span>ss on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al.The table below sho<span class=\"_ _0\"></span>ws the co<span class=\"_ _0\"></span>st value, additions, di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sals, impairmen<span class=\"_ _0\"></span>t char<span class=\"_ _0\"></span>ges and c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying value f<span class=\"_ _8\"></span>or the various g<span class=\"_ _0\"></span>oodwill item<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oup.Goodwill(EUR 1,000)<span class=\"_ _1a7\"> </span>2022<span class=\"_ _71\"> </span>2021Cost at 1.1<span class=\"_ _1a8\"> </span>58,089<span class=\"_ _e8\"> </span>58,511Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _61\"> </span>57,089<span class=\"_ _1a9\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _74\"> </span>-3,997<span class=\"_ _71\"> </span>-422Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1aa\"> </span>111,181<span class=\"_ _53\"> </span>58,089Accumul<span class=\"_ _0\"></span>ated impairment 1.1.<span class=\"_ _110\"> </span>6,223<span class=\"_ _6f\"> </span>6,220Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _1ab\"> </span>-<span class=\"_ _1a9\"> </span>-Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation impairment<span class=\"_ _1ac\"> </span>-<span class=\"_ _d3\"> </span>3Accumulat<span class=\"_ _0\"></span>ed impairment at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _1ad\"> </span>6,223<span class=\"_ _18b\"> </span>6,223Carrying amount 31.12<span class=\"_ _1ae\"> </span>104,958<span class=\"_ _1af\"> </span>51,866Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>Impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>est f<span class=\"_ _8\"></span>or goodwill:Goodwill is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the Gr<span class=\"_ _0\"></span>oup's cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g units and i<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment annually or mor<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>equently if ther<span class=\"_ _8\"></span>e ar<span class=\"_ _0\"></span>e indications of impairmen<span class=\"_ _0\"></span>t. T<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>sting f<span class=\"_ _8\"></span>or impairment inv<span class=\"_ _0\"></span>olves t<span class=\"_ _0\"></span>he det<span class=\"_ _0\"></span>ermination of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of the c<span class=\"_ _0\"></span>ash gener<span class=\"_ _8\"></span>ating unit. The r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble amount is det<span class=\"_ _8\"></span>ermined by dis<span class=\"_ _0\"></span>counting f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected c<span class=\"_ _0\"></span>ash flows, b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he busines<span class=\"_ _0\"></span>s plans f<span class=\"_ _8\"></span>or the cas<span class=\"_ _0\"></span>h gener<span class=\"_ _0\"></span>ating units. The di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t rat<span class=\"_ _8\"></span>e applied to t<span class=\"_ _0\"></span>he fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flow is ba<span class=\"_ _0\"></span>sed on the Gr<span class=\"_ _8\"></span>oup's weight<span class=\"_ _8\"></span>ed aver<span class=\"_ _8\"></span>age cost of c<span class=\"_ _0\"></span>apital (W<span class=\"_ _8\"></span>A<span class=\"_ _0\"></span>CC), adapt<span class=\"_ _8\"></span>ed to the m<span class=\"_ _0\"></span>ark<span class=\"_ _8\"></span>et's apprehen<span class=\"_ _0\"></span>sion of the ris<span class=\"_ _0\"></span>k f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ors f<span class=\"_ _8\"></span>or each cash gener<span class=\"_ _8\"></span>ating unit. Gr<span class=\"_ _0\"></span>owth r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e used t<span class=\"_ _8\"></span>o project ca<span class=\"_ _0\"></span>sh flows be<span class=\"_ _0\"></span>yond the periods co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ed by the bu<span class=\"_ _0\"></span>siness pl<span class=\"_ _0\"></span>ans.Cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unitsThe goodwill it<span class=\"_ _0\"></span>ems f<span class=\"_ _8\"></span>rom 2021 (c<span class=\"_ _0\"></span>ost 1.1. 2022) ar<span class=\"_ _8\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to acqui<span class=\"_ _0\"></span>sition of Elopak Denm<span class=\"_ _0\"></span>ark A/S, Elopak AB, Elofin O<span class=\"_ _8\"></span>Y and V<span class=\"_ _8\"></span>ariopak and are alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the cas<span class=\"_ _0\"></span>h gener<span class=\"_ _0\"></span>ating unit E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ope, which consi<span class=\"_ _0\"></span>st of Elopak's E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>opean mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>ets, including t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>ernal pr<span class=\"_ _8\"></span>oduction and supply org<span class=\"_ _0\"></span>anization.F<span class=\"_ _0\"></span>ollowing f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om busines<span class=\"_ _0\"></span>s combinations in 2<span class=\"_ _0\"></span>022 Goodwill has incr<span class=\"_ _8\"></span>eased b<span class=\"_ _0\"></span>y EUR 3,591 thous<span class=\"_ _0\"></span>and f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om acquisition of GL<span class=\"_ _0\"></span>S Elopak and EUR 53,498 thou<span class=\"_ _0\"></span>sand f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om acquisition of N<span class=\"_ _0\"></span>atur<span class=\"_ _8\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>acking Co. L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d. Operation<span class=\"_ _0\"></span>s in GLS Elopak ar<span class=\"_ _0\"></span>e mainly in India and i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o a separ<span class=\"_ _8\"></span>ate CGU. Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>acking Co. L<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>d is int<span class=\"_ _8\"></span>egrat<span class=\"_ _8\"></span>ed in the Elopak E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>opean value ch<span class=\"_ _0\"></span>ain and is alloc<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o the CGU of Elopak E<span class=\"_ _0\"></span>urope (r<span class=\"_ _8\"></span>enamed t<span class=\"_ _0\"></span>o Elopak EMEA).The basi<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o consider Elopak EMEA as one c<span class=\"_ _0\"></span>ash gener<span class=\"_ _8\"></span>ating unit is t<span class=\"_ _0\"></span>he inher<span class=\"_ _0\"></span>ent str<span class=\"_ _0\"></span>uctur<span class=\"_ _8\"></span>e of the EMEA mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et. Cust<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s are mer<span class=\"_ _8\"></span>ging acr<span class=\"_ _0\"></span>oss bor<span class=\"_ _8\"></span>ders and ar<span class=\"_ _8\"></span>e increa<span class=\"_ _0\"></span>singly tr<span class=\"_ _8\"></span>eating EMEA a<span class=\"_ _0\"></span>s one<span class=\"_ _a\"></span> mar<span class=\"_ _0\"></span>ket. The hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical r<span class=\"_ _8\"></span>equirement f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om cust<span class=\"_ _8\"></span>omers t<span class=\"_ _0\"></span>o sour<span class=\"_ _8\"></span>ce fr<span class=\"_ _8\"></span>om specific plant<span class=\"_ _0\"></span>s is no long<span class=\"_ _0\"></span>er pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t. Elopak is ad<span class=\"_ _0\"></span>apting t<span class=\"_ _8\"></span>o this tr<span class=\"_ _8\"></span>end by allocating pr<span class=\"_ _8\"></span>oduction flexibly t<span class=\"_ _8\"></span>o the plant<span class=\"_ _0\"></span>s in EMEA in or<span class=\"_ _0\"></span>der to op<span class=\"_ _0\"></span>timize logi<span class=\"_ _0\"></span>stics and pr<span class=\"_ _0\"></span>oduction cos<span class=\"_ _0\"></span>t. Accor<span class=\"_ _8\"></span>ding to t<span class=\"_ _0\"></span>his dev<span class=\"_ _0\"></span>elopment, the m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s along Elopak's v<span class=\"_ _0\"></span>alue chain will be s<span class=\"_ _0\"></span>ubject to ch<span class=\"_ _0\"></span>ange f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om one year t<span class=\"_ _0\"></span>o another<span class=\"_ _8\"></span>, and ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e the appr<span class=\"_ _8\"></span>opriate w<span class=\"_ _0\"></span>ay t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>ess indic<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or impairment f<span class=\"_ _8\"></span>or the EMEA busine<span class=\"_ _0\"></span>ss is a<span class=\"_ _0\"></span>s one unit.Impairment t<span class=\"_ _8\"></span>est and as<span class=\"_ _0\"></span>sumptionsR<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or the ca<span class=\"_ _0\"></span>sh gener<span class=\"_ _0\"></span>ating units Elop<span class=\"_ _0\"></span>ak EMEA and GLS Elopak ar<span class=\"_ _8\"></span>e calculat<span class=\"_ _8\"></span>ed<span class=\"_ _a\"></span> bas<span class=\"_ _0\"></span>ed on values in u<span class=\"_ _0\"></span>se. The ca<span class=\"_ _0\"></span>sh flows th<span class=\"_ _8\"></span>at are ba<span class=\"_ _0\"></span>sis f<span class=\"_ _0\"></span>or the impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>ests ar<span class=\"_ _8\"></span>e based on Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>ass<span class=\"_ _0\"></span>umptions about f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e sales v<span class=\"_ _0\"></span>olumes, sellin<span class=\"_ _0\"></span>g prices and dir<span class=\"_ _8\"></span>ect costs. The<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>e uncer<span class=\"_ _a\"></span>tain f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s.<span class=\"_ _a\"></span> Thes<span class=\"_ _0\"></span>e assump<span class=\"_ _0\"></span>tions ar<span class=\"_ _0\"></span>e based on hi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>orical e<span class=\"_ _0\"></span>xperience f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the r<span class=\"_ _8\"></span>elevant mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s, adopt<span class=\"_ _0\"></span>ed budgets and the Gr<span class=\"_ _8\"></span>oup's expectation<span class=\"_ _0\"></span>s of mark<span class=\"_ _8\"></span>et change<span class=\"_ _0\"></span>s and other fin<span class=\"_ _0\"></span>ancial impacts f<span class=\"_ _8\"></span>rom clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s.<span class=\"_ _a\"></span> Upon completion of the impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>ests in 2<span class=\"_ _0\"></span>022 and 2021 the Gr<span class=\"_ _8\"></span>oup does not e<span class=\"_ _0\"></span>xpect significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> chan<span class=\"_ _0\"></span>ges in c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent tr<span class=\"_ _8\"></span>ade in EMEA and expect<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash flow<span class=\"_ _0\"></span>s ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e mainly a continuation of obs<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ved t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ends. GLS Elopak i<span class=\"_ _0\"></span>s in a start-up phas<span class=\"_ _0\"></span>e, hence a significan<span class=\"_ _0\"></span>t incr<span class=\"_ _0\"></span>ease of s<span class=\"_ _0\"></span>ales and pr<span class=\"_ _0\"></span>ofit is e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed in 2023 f<span class=\"_ _0\"></span>ollowed b<span class=\"_ _0\"></span>y an estim<span class=\"_ _0\"></span>ate of 0% g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _a\"></span>th t<span class=\"_ _0\"></span>he year<span class=\"_ _0\"></span>s after<span class=\"_ _8\"></span>.Calcul<span class=\"_ _0\"></span>ated r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amounts in the impairmen<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>sts ar<span class=\"_ _8\"></span>e higher than car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amounts, and bas<span class=\"_ _0\"></span>ed on the t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s, it is concluded t<span class=\"_ _0\"></span>hat ther<span class=\"_ _8\"></span>e is no impairment in 2<span class=\"_ _0\"></span>022 or 2021.Det<span class=\"_ _0\"></span>ermined cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed with dis<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed in the table below.Detailed des<span class=\"_ _0\"></span>cription of the a<span class=\"_ _0\"></span>ssumpti<span class=\"_ _0\"></span>ons used:Discoun<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e after tax<span class=\"_ _1b0\"> </span>Discoun<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e befor<span class=\"_ _0\"></span>e tax<span class=\"_ _140\"> </span>Growth rat<span class=\"_ _0\"></span>e 2-5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _1b1\"> </span>Long-t<span class=\"_ _8\"></span>erm growth rat<span class=\"_ _0\"></span>e2022<span class=\"_ _ed\"> </span>2021<span class=\"_ _103\"> </span>2022<span class=\"_ _ed\"> </span>2021<span class=\"_ _ed\"> </span>2022<span class=\"_ _103\"> </span>2021<span class=\"_ _ed\"> </span>2022<span class=\"_ _ed\"> </span>2021Elopak EMEA<span class=\"_ _1b2\"> </span>7.7 %<span class=\"_ _f9\"> </span>3.6 %<span class=\"_ _119\"> </span>11.0 %<span class=\"_ _43\"> </span>5.2 %<span class=\"_ _1b3\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %GLS Elopak<span class=\"_ _1b4\"> </span>12.5 %<span class=\"_ _13b\"> </span>17.9 %<span class=\"_ _1b5\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %<span class=\"_ _119\"> </span>0.0 %The dis<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>eflect the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t mark<span class=\"_ _8\"></span>ets ass<span class=\"_ _0\"></span>essmen<span class=\"_ _0\"></span>t of the ris<span class=\"_ _0\"></span>k specific t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h gener<span class=\"ls0 ws0\">-</span>ating unit. The r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ated ba<span class=\"_ _0\"></span>sed on the w<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed aver<span class=\"_ _8\"></span>age cos<span class=\"_ _0\"></span>t of capital f<span class=\"_ _0\"></span>or similar as<span class=\"_ _0\"></span>sets in t<span class=\"_ _0\"></span>he mark<span class=\"_ _8\"></span>et. This r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e has been f<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>ther adjus<span class=\"_ _0\"></span>ted t<span class=\"_ _8\"></span>o reflect t<span class=\"_ _0\"></span>he specific ri<span class=\"_ _0\"></span>sk f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ors r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>sh gener<span class=\"_ _0\"></span>ating unit, which h<span class=\"_ _0\"></span>ave not been r<span class=\"_ _8\"></span>eflected in t<span class=\"_ _0\"></span>he cash flo<span class=\"_ _0\"></span>w.A<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age gr<span class=\"_ _8\"></span>ow<span class=\"_ _a\"></span>th r<span class=\"_ _8\"></span>ate f<span class=\"_ _8\"></span>or the f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e 2 to 5 ye<span class=\"_ _0\"></span>ars period i<span class=\"_ _0\"></span>s based on Elop<span class=\"_ _0\"></span>ak Gr<span class=\"_ _0\"></span>oup's expect<span class=\"_ _0\"></span>ations f<span class=\"_ _0\"></span>or the m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et development t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he busines<span class=\"_ _0\"></span>s operat<span class=\"_ _8\"></span>es in. When estim<span class=\"_ _0\"></span>ating f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h flows committ<span class=\"_ _0\"></span>ed operatin<span class=\"_ _0\"></span>g efficiency impr<span class=\"_ _0\"></span>ovemen<span class=\"_ _0\"></span>t measur<span class=\"_ _8\"></span>es ar<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en int<span class=\"_ _0\"></span>o account. Ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in the out<span class=\"_ _0\"></span>comes f<span class=\"_ _8\"></span>or these initi<span class=\"_ _0\"></span>atives m<span class=\"_ _0\"></span>ay influence f<span class=\"_ _8\"></span>utur<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed cash flo<span class=\"_ _0\"></span>ws.Inve<span class=\"_ _0\"></span>stment co<span class=\"_ _0\"></span>sts nece<span class=\"_ _0\"></span>ssary to meet e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed fut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>owth ar<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en int<span class=\"_ _0\"></span>o account. Ba<span class=\"_ _0\"></span>sed on man<span class=\"_ _0\"></span>agement's a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment, t<span class=\"_ _0\"></span>he estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>sts do not include inv<span class=\"_ _0\"></span>estmen<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at Not<span class=\"_ _0\"></span>e 10 \u2013 Goodwill <span class=\"fc3\">continued</span>impr<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>s the as<span class=\"_ _0\"></span>sets perfor<span class=\"_ _0\"></span>mance. The r<span class=\"_ _8\"></span>elated c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eated c<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>espondin<span class=\"_ _0\"></span>gly<span class=\"_ _0\"></span>.Man<span class=\"_ _0\"></span>agement believ<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at ther<span class=\"_ _8\"></span>e is no r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>onably pos<span class=\"_ _0\"></span>sible chan<span class=\"_ _0\"></span>ge in any of t<span class=\"_ _0\"></span>he k<span class=\"_ _0\"></span>ey as<span class=\"_ _0\"></span>sumption th<span class=\"_ _0\"></span>at would caus<span class=\"_ _0\"></span>e the car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying value of t<span class=\"_ _0\"></span>he unit to m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erially ex<span class=\"_ _8\"></span>ceed its r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t. Sensitivity analy<span class=\"_ _0\"></span>sis ha<span class=\"_ _0\"></span>ve been performed b<span class=\"_ _0\"></span>ased on a 0.5% incr<span class=\"_ _8\"></span>ease and decr<span class=\"_ _8\"></span>ease of t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate and perpet<span class=\"_ _8\"></span>ual gr<span class=\"_ _0\"></span>ow<span class=\"_ _a\"></span>th. The v<span class=\"_ _0\"></span>alue in the low end of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>s higher than t<span class=\"_ _0\"></span>he carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount, hence t<span class=\"_ _0\"></span>he sensitivity analy<span class=\"_ _0\"></span>sis show<span class=\"_ _0\"></span>s no indication of impairment.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__39": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyGoodwill arisin<span class=\"_ _0\"></span>g on the acqui<span class=\"_ _0\"></span>sition of a subsidiary or a jointly cont<span class=\"_ _0\"></span>rolled en<span class=\"_ _0\"></span>tity repr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>s the e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he cost of acqui<span class=\"_ _0\"></span>sition ov<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup's int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in t<span class=\"_ _0\"></span>he net f<span class=\"_ _0\"></span>air value of the iden<span class=\"_ _0\"></span>ti<span class=\"ws0\">-</span>fiable as<span class=\"_ _0\"></span>sets, liabilitie<span class=\"_ _0\"></span>s and contin<span class=\"_ _0\"></span>gent liabilitie<span class=\"_ _0\"></span>s of the sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y at the dat<span class=\"_ _8\"></span>e of acquisition. Goodwill is initially r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed as an as<span class=\"_ _0\"></span>set at cos<span class=\"_ _0\"></span>t and is sub<span class=\"_ _0\"></span>sequent<span class=\"_ _0\"></span>ly measur<span class=\"_ _8\"></span>ed at cost le<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _8\"></span>ed impairment los<span class=\"_ _0\"></span>ses.F<span class=\"_ _0\"></span>or the purpo<span class=\"_ _0\"></span>se of impair<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>estin<span class=\"_ _0\"></span>g, goodwill i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o each of the Gr<span class=\"_ _8\"></span>oup's cash-g<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-</span>er<span class=\"_ _0\"></span>ating units e<span class=\"_ _8\"></span>xpected t<span class=\"_ _0\"></span>o benefit f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the sy<span class=\"_ _0\"></span>nergie<span class=\"_ _0\"></span>s of the combination ir<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e of whether other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s or liabilities of the ac<span class=\"_ _0\"></span>quiree ar<span class=\"_ _8\"></span>e assigned t<span class=\"_ _8\"></span>o thos<span class=\"_ _0\"></span>e units. Cash-gener<span class=\"_ _8\"></span>ating units t<span class=\"_ _0\"></span>o which goodwill ha<span class=\"_ _0\"></span>s been allocat<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or impairment annually<span class=\"_ _8\"></span>, or mor<span class=\"_ _0\"></span>e fr<span class=\"_ _8\"></span>equently when ther<span class=\"_ _8\"></span>e is an indication th<span class=\"_ _0\"></span>at the unit m<span class=\"_ _0\"></span>ay be impair<span class=\"_ _8\"></span>ed. If the r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of the cas<span class=\"_ _0\"></span>h-gener<span class=\"_ _0\"></span>ating unit is le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he unit, the impairment lo<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed firs<span class=\"_ _0\"></span>t to r<span class=\"_ _8\"></span>educe the car<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ying amount of an<span class=\"_ _0\"></span>y goodwill allocat<span class=\"_ _8\"></span>ed to the unit and t<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>o the other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the unit pr<span class=\"_ _0\"></span>o-r<span class=\"_ _0\"></span>ata on the ba<span class=\"_ _0\"></span>sis of the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of e<span class=\"_ _0\"></span>ach asset in the unit. An impair<span class=\"_ _0\"></span>ment loss r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or goodwill is not r<span class=\"_ _8\"></span>ever<span class=\"_ _0\"></span>sed in a sub<span class=\"_ _0\"></span>sequent period. On dis<span class=\"_ _0\"></span>posal of a s<span class=\"_ _0\"></span>ubsidiar<span class=\"_ _a\"></span>y or a joint<span class=\"_ _0\"></span>ly contr<span class=\"_ _8\"></span>olled entity, t<span class=\"_ _0\"></span>he attributable amoun<span class=\"_ _0\"></span>t of goodwill is included in t<span class=\"_ _0\"></span>he determin<span class=\"_ _8\"></span>ation of the profit or lo<span class=\"_ _0\"></span>ss on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__41": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyCapitaliz<span class=\"_ _0\"></span>ed propert<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t are r<span class=\"_ _8\"></span>eflected at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _8\"></span>ed depreciation and accumul<span class=\"_ _0\"></span>ated imp<span class=\"_ _0\"></span>airment los<span class=\"_ _0\"></span>ses. P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipmen<span class=\"_ _0\"></span>t, other th<span class=\"_ _0\"></span>an land and  <span class=\"_ _1f\"></span>pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ties under const<span class=\"_ _0\"></span>ruction, ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>heir estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed usef<span class=\"_ _8\"></span>ul lives, usin<span class=\"_ _0\"></span>g the st<span class=\"_ _0\"></span>raigh<span class=\"_ _0\"></span>t-line method and takin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>o consider<span class=\"_ _0\"></span>ation an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esidual value<span class=\"_ _0\"></span>s. See Not<span class=\"_ _0\"></span>e 3 for imp<span class=\"_ _0\"></span>airment of non- financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s accountin<span class=\"_ _0\"></span>g policy.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__40": {
   "value": "Not<span class=\"_ _0\"></span>e 11 - Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipmentAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyCapitaliz<span class=\"_ _0\"></span>ed propert<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t are r<span class=\"_ _8\"></span>eflected at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _8\"></span>ed depreciation and accumul<span class=\"_ _0\"></span>ated imp<span class=\"_ _0\"></span>airment los<span class=\"_ _0\"></span>ses. P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipmen<span class=\"_ _0\"></span>t, other th<span class=\"_ _0\"></span>an land and  <span class=\"_ _1f\"></span>pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ties under const<span class=\"_ _0\"></span>ruction, ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>heir estim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed usef<span class=\"_ _8\"></span>ul lives, usin<span class=\"_ _0\"></span>g the st<span class=\"_ _0\"></span>raigh<span class=\"_ _0\"></span>t-line method and takin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>o consider<span class=\"_ _0\"></span>ation an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esidual value<span class=\"_ _0\"></span>s. See Not<span class=\"_ _0\"></span>e 3 for imp<span class=\"_ _0\"></span>airment of non- financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s accountin<span class=\"_ _0\"></span>g policy.Not<span class=\"_ _0\"></span>e 11 - Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t(EUR 1,000)Land and Machinery <span class=\"_ _1b\"></span> Office and 2022buildingsand planttranspor<span class=\"_ _a\"></span>t<span class=\"_ _12a\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>Cost at 1.1<span class=\"_ _f5\"> </span>41,52<span class=\"_ _8\"></span>4<span class=\"_ _5a\"> </span>532,615<span class=\"_ _c8\"> </span>20,72<span class=\"_ _8\"></span>4<span class=\"_ _15\"> </span>59<span class=\"_ _8\"></span>4,863Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _18e\"> </span>10,184<span class=\"_ _7f\"> </span>11,305<span class=\"_ _df\"> </span>135<span class=\"_ _12c\"> </span>21,623Additions<span class=\"_ _80\"> </span><span class=\"ls61 wsba\">227<span class=\"_ _48\"> </span></span>37,9<span class=\"_ _8\"></span>40<span class=\"_ _69\"> </span>304<span class=\"_ _47\"> </span>38,471Disposals<span class=\"_ _107\"> </span>-17<span class=\"_ _8\"></span>6<span class=\"_ _12c\"> </span>-6,153<span class=\"_ _155\"> </span>-47<span class=\"_ _8\"></span>6<span class=\"_ _4c\"> </span>-6,805Discon<span class=\"_ _0\"></span>tinued operations ()<span class=\"_ _1b6\"> </span>-296<span class=\"_ _106\"> </span>-24,2<span class=\"_ _0\"></span>73<span class=\"_ _48\"> </span>-2,082<span class=\"_ _5a\"> </span>-26,651T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ansf<span class=\"_ _0\"></span>er to/f<span class=\"_ _0\"></span>rom inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1b7\"> </span>1,581<span class=\"_ _c8\"> </span>-6,367<span class=\"_ _62\"> </span>868<span class=\"_ _47\"> </span>-3,918Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _176\"> </span>-344<span class=\"_ _7b\"> </span>11,813<span class=\"_ _4e\"> </span>918<span class=\"_ _12c\"> </span>12,387Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _a9\"> </span>52,701<span class=\"_ _2f\"> </span>556,880<span class=\"_ _5a\"> </span>20,3<span class=\"_ _0\"></span>90<span class=\"_ _15\"> </span>629,971Acc. depr<span class=\"_ _0\"></span>eciation and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _1b8\"> </span>27,314<span class=\"_ _5e\"> </span>364,715<span class=\"_ _10b\"> </span>16,410<span class=\"_ _28\"> </span>408,4381)Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e 1,530<span class=\"_ _12c\"> </span>25,831<span class=\"_ _ca\"> </span>1,6<span class=\"_ _8\"></span>97<span class=\"_ _48\"> </span>29,0571)Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge 868<span class=\"_ _118\"> </span>5,272<span class=\"_ _53\"> </span><span class=\"ls3 wsc8\">173<span class=\"_ _ca\"> </span></span>6,3<span class=\"_ _0\"></span>12Depreci<span class=\"_ _0\"></span>ation dispos<span class=\"_ _0\"></span>als<span class=\"_ _172\"> </span>-16<span class=\"_ _0\"></span>9<span class=\"_ _47\"> </span>-4,514<span class=\"_ _155\"> </span>-427<span class=\"_ _7f\"> </span>-5,110Discon<span class=\"_ _0\"></span>tinued operations ()<span class=\"_ _1b9\"> </span>-271<span class=\"_ _5a\"> </span>-19,49<span class=\"_ _8\"></span>3<span class=\"_ _84\"> </span>-1,73<span class=\"_ _0\"></span>7<span class=\"_ _153\"> </span>-21,501Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _116\"> </span>-<span class=\"_ _50\"> </span>-319<span class=\"_ _75\"> </span>-3<span class=\"_ _14f\"> </span>-322Depreci<span class=\"_ _0\"></span>ation trans<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _13e\"> </span>-<span class=\"_ _84\"> </span>-1,138<span class=\"_ _ef\"> </span>-<span class=\"_ _194\"> </span>-1,138Impairment tr<span class=\"_ _8\"></span>ansferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1ba\"> </span>-<span class=\"_ _64\"> </span>-346<span class=\"_ _c6\"> </span>-<span class=\"_ _64\"> </span>-346Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _177\"> </span>104<span class=\"_ _7f\"> </span>11,602<span class=\"_ _73\"> </span>900<span class=\"_ _c8\"> </span>12,606Acc. depreci<span class=\"_ _0\"></span>ation and impairment lo<span class=\"_ _0\"></span>sses at 3<span class=\"_ _0\"></span>1.12 <span class=\"_ _1bb\"> </span>29,375<span class=\"_ _22\"> </span>381,609<span class=\"_ _144\"> </span>17,012<span class=\"_ _45\"> </span>427,997Carrying amount 31.12<span class=\"_ _1bc\"> </span>23,326<span class=\"_ _5a\"> </span>175,271<span class=\"_ _194\"> </span>3,3<span class=\"_ _0\"></span>78<span class=\"_ _46\"> </span>201,97<span class=\"_ _0\"></span>5E<span class=\"_ _0\"></span>conomic life<span class=\"_ _d0\"> </span>0-40 years<span class=\"_ _12e\"> </span>3-15 years<span class=\"_ _12e\"> </span>3-12 year<span class=\"_ _0\"></span>sAmortization method<span class=\"_ _fc\"> </span>Linear<span class=\"_ _144\"> </span>Linear<span class=\"_ _144\"> </span>Linear1 ) <span class=\"_ _1b\"></span>Depreci<span class=\"_ _0\"></span>ation charge f<span class=\"_ _8\"></span>or the year ex<span class=\"_ _0\"></span>cludes f<span class=\"_ _0\"></span>ollowing amount<span class=\"_ _0\"></span>s ()<span class=\"_ _1bd\"> </span>7<span class=\"_ _62\"> </span>899<span class=\"_ _1af\"> </span>64<span class=\"_ _7a\"> </span><span class=\"ls5 wsd\">970</span> Impairment ch<span class=\"_ _0\"></span>arge f<span class=\"_ _0\"></span>or the year e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s followin<span class=\"_ _0\"></span>g amounts ()<span class=\"_ _16d\"> </span>18<span class=\"_ _142\"> </span>5,535<span class=\"_ _62\"> </span>280<span class=\"_ _194\"> </span>5,833Not<span class=\"_ _0\"></span>e 11 \u2013 Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Land and Machinery Office and buildingsand planttranspor<span class=\"_ _a\"></span>t<span class=\"_ _12a\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l<span class=\"_ _197\"></span><span class=\"ls0 ws0\">2021</span></span>Cost at 1.1<span class=\"_ _eb\"> </span>41,30<span class=\"_ _0\"></span>7<span class=\"_ _46\"> </span>520,596<span class=\"_ _10b\"> </span>19,501<span class=\"_ _49\"> </span>581,404Additions<span class=\"_ _1c7\"> </span>-<span class=\"_ _153\"> </span>30,638<span class=\"_ _df\"> </span>136<span class=\"_ _144\"> </span>30,77<span class=\"_ _8\"></span>4Disposals<span class=\"_ _51\"> </span>-583<span class=\"_ _5a\"> </span>-13,479<span class=\"_ _47\"> </span>-1,386<span class=\"_ _5a\"> </span>-15,448T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ansf<span class=\"_ _0\"></span>er to/f<span class=\"_ _0\"></span>rom inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _d5\"> </span>657<span class=\"_ _5e\"> </span>-10,679<span class=\"_ _7b\"> </span>2,207<span class=\"_ _1c8\"> </span>-7,815Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _17f\"> </span>143<span class=\"_ _7b\"> </span>5,53<span class=\"_ _0\"></span>9<span class=\"_ _7a\"> </span><span class=\"lsb ws8c\">266<span class=\"_ _7b\"> </span></span>5,9<span class=\"_ _0\"></span>48Cost at 3<span class=\"_ _0\"></span>1.12<span class=\"_ _150\"> </span>41,52<span class=\"_ _0\"></span>4<span class=\"_ _15\"> </span>532,6<span class=\"_ _0\"></span>15<span class=\"_ _153\"> </span>20,724<span class=\"_ _2b\"> </span>59<span class=\"_ _0\"></span>4,863Acc. depr<span class=\"_ _0\"></span>eciation and impairment los<span class=\"_ _0\"></span>ses at 1.1 <span class=\"_ _1c9\"> </span><span class=\"ls61 wsba\">27,270<span class=\"_ _45\"> </span></span>349,455<span class=\"_ _144\"> </span>16,250<span class=\"_ _4b\"> </span>392,97<span class=\"_ _0\"></span>5Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1ca\"> </span>1,230<span class=\"_ _60\"> </span>26,380<span class=\"_ _55\"> </span>1,512<span class=\"_ _12c\"> </span>29,122Curr<span class=\"_ _0\"></span>ent year impairment ch<span class=\"_ _0\"></span>arge<span class=\"_ _188\"> </span>-<span class=\"_ _155\"> </span>1,216<span class=\"_ _1cb\"> </span>1<span class=\"_ _55\"> </span>1,218Depreci<span class=\"_ _0\"></span>ation dispos<span class=\"_ _0\"></span>als<span class=\"_ _172\"> </span>-581<span class=\"_ _106\"> </span>-13,058<span class=\"_ _84\"> </span>-1,37<span class=\"_ _1\"></span>6<span class=\"_ _c1\"> </span>-15,014Impairment di<span class=\"_ _0\"></span>sposals<span class=\"_ _116\"> </span>-<span class=\"_ _19a\"> </span>-411<span class=\"_ _1cc\"> </span>-1<span class=\"_ _50\"> </span>-412Depreci<span class=\"_ _0\"></span>ation trans<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _1a3\"> </span>-6<span class=\"_ _0\"></span>92<span class=\"_ _194\"> </span>-1,6<span class=\"_ _8\"></span>14<span class=\"_ _50\"> </span>-199<span class=\"_ _48\"> </span>-2,505Impairment tr<span class=\"_ _8\"></span>ansferr<span class=\"_ _0\"></span>ed to inv<span class=\"_ _0\"></span>entory / recla<span class=\"_ _0\"></span>ssification<span class=\"_ _90\"> </span>-15<span class=\"_ _155\"> </span>-410<span class=\"_ _d8\"> </span>15<span class=\"_ _155\"> </span>-410Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _17f\"> </span>102<span class=\"_ _64\"> </span>3,157<span class=\"_ _7a\"> </span><span class=\"ls2c ws49\">207<span class=\"_ _194\"> </span></span>3,466Acc. depreci<span class=\"_ _0\"></span>ation and impairment lo<span class=\"_ _0\"></span>sses at 3<span class=\"_ _0\"></span>1.12 <span class=\"_ _8f\"> </span>27,314<span class=\"_ _45\"> </span>364,715<span class=\"_ _48\"> </span>16,410<span class=\"_ _40\"> </span>408,439Carrying amount 31.12<span class=\"_ _97\"> </span>14,211<span class=\"_ _22\"> </span>167,900<span class=\"_ _194\"> </span>4,314<span class=\"_ _41\"> </span>186,426The leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>s and commitment<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>on filling m<span class=\"_ _0\"></span>achines r<span class=\"_ _8\"></span>ent<span class=\"_ _0\"></span>ed to c<span class=\"_ _0\"></span>ust<span class=\"_ _8\"></span>omers as w<span class=\"_ _0\"></span>ell as t<span class=\"_ _0\"></span>he lease e<span class=\"_ _8\"></span>xpenses and commit<span class=\"_ _0\"></span>ments f<span class=\"_ _8\"></span>or equipment leased and u<span class=\"_ _0\"></span>sed in our pr<span class=\"_ _0\"></span>oduction ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>closed in Not<span class=\"_ _8\"></span>e 12.The Compan<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s not pledged pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipmen<span class=\"_ _0\"></span>t as sec<span class=\"_ _0\"></span>urity for liabilitie<span class=\"_ _0\"></span>s.Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipmen<span class=\"_ _0\"></span>t specified by g<span class=\"_ _0\"></span>eogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _8\"></span>ea2021<span class=\"_ _1be\"></span><span class=\"ff3\">(EUR 1,000)<span class=\"_ _1bf\"> </span><span class=\"ff2\">2022</span></span>Canada<span class=\"_ _1c0\"> </span> 28,485 <span class=\"_ _47\"> </span> 26,738 Denmark<span class=\"_ _e1\"> </span> 25,9<span class=\"_ _8\"></span>40 <span class=\"_ _7f\"> </span> 27,9<span class=\"_ _8\"></span>47 German<span class=\"_ _0\"></span>y<span class=\"_ _e1\"> </span> 6<span class=\"_ _0\"></span>9,025 <span class=\"_ _c8\"> </span> 68,550 India<span class=\"_ _1c1\"> </span> 9,9<span class=\"_ _8\"></span>44 <span class=\"_ _d2\"> </span>-Moroc<span class=\"_ _0\"></span>co<span class=\"_ _1c2\"> </span> 6,508 <span class=\"_ _d2\"> </span>-Netherland<span class=\"_ _0\"></span>s<span class=\"_ _1c3\"> </span> 44,547 <span class=\"_ _12c\"> </span> 42,7<span class=\"_ _8\"></span>65 Norway<span class=\"_ _d1\"> </span> 3,097 <span class=\"_ _50\"> </span> 4,131 Russia<span class=\"_ _1c4\"> </span>-<span class=\"_ _155\"> </span> 7,290 Saudi Arabi<span class=\"_ _0\"></span>a<span class=\"_ _f8\"> </span> 3,555 <span class=\"_ _c3\"> </span>-Ukr<span class=\"_ _0\"></span>aine<span class=\"_ _1c5\"> </span> 3,281 <span class=\"_ _118\"> </span> 8,566 United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _1aa\"> </span> 7,325 <span class=\"_ _1af\"> </span>237 Other<span class=\"_ _1c6\"> </span>267 <span class=\"_ _163\"> </span><span class=\"ls2c ws49\">203<span class=\"_ _a\"></span> </span>To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _149\"> </span>201,975<span class=\"_ _48\"> </span>186,426The split by geo<span class=\"_ _0\"></span>graphical ar<span class=\"_ _8\"></span>ea is based on the juri<span class=\"_ _0\"></span>sdiction of legal owner<span class=\"_ _8\"></span>.Not<span class=\"_ _0\"></span>e 11 \u2013 Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plan<span class=\"_ _0\"></span>t and equipment <span class=\"fc3\">continued</span>Other off-bal<span class=\"_ _0\"></span>ance sheet commitmen<span class=\"_ _0\"></span>ts and contin<span class=\"_ _0\"></span>gencies(EUR 1,000)<span class=\"_ _1cd\"> </span>2022<span class=\"_ _108\"> </span>2021Commitments f<span class=\"_ _8\"></span>or the acquisition of property, pl<span class=\"_ _0\"></span>ant and equipment<span class=\"_ _17b\"> </span><span class=\"ls1 ws1\">1<span class=\"_ _a\"></span>2<span class=\"_ _a\"></span>69<span class=\"_ _ca\"> </span></span> 2,145",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__42": {
   "value": "Other off-bal<span class=\"_ _0\"></span>ance sheet commitmen<span class=\"_ _0\"></span>ts and contin<span class=\"_ _0\"></span>gencies(EUR 1,000)<span class=\"_ _1cd\"> </span>2022<span class=\"_ _108\"> </span>2021Commitments f<span class=\"_ _8\"></span>or the acquisition of property, pl<span class=\"_ _0\"></span>ant and equipment<span class=\"_ _17b\"> </span><span class=\"ls1 ws1\">1<span class=\"_ _a\"></span>2<span class=\"_ _a\"></span>69<span class=\"_ _ca\"> </span></span> 2,145",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__43": {
   "value": "Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup as a les<span class=\"_ _0\"></span>seeThe Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>es a right<span class=\"_ _0\"></span>-of-use a<span class=\"_ _0\"></span>sset and a corr<span class=\"_ _8\"></span>espondin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e liability with r<span class=\"_ _0\"></span>espect t<span class=\"_ _0\"></span>o all lease arr<span class=\"_ _8\"></span>angement<span class=\"_ _0\"></span>s in which it is t<span class=\"_ _0\"></span>he less<span class=\"_ _0\"></span>ee, ex<span class=\"_ _8\"></span>cept f<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es and lea<span class=\"_ _0\"></span>ses of low value a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es and lea<span class=\"_ _0\"></span>ses of lo<span class=\"_ _0\"></span>w value as<span class=\"_ _0\"></span>sets, t<span class=\"_ _0\"></span>he Group r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>es the lea<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>ments as an oper<span class=\"_ _8\"></span>ating e<span class=\"_ _0\"></span>xpense on a st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-line ba<span class=\"_ _0\"></span>sis ov<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>erm of the leas<span class=\"_ _0\"></span>e unless anot<span class=\"_ _0\"></span>her sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>atic basi<span class=\"_ _0\"></span>s is mor<span class=\"_ _8\"></span>e repr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>ative of the time patt<span class=\"_ _8\"></span>ern in which economic benefits f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he leased a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>onsumed.As a pr<span class=\"_ _0\"></span>actical e<span class=\"_ _0\"></span>xpedient, IFR<span class=\"_ _0\"></span>S 16 permits a le<span class=\"_ _0\"></span>ssee not t<span class=\"_ _8\"></span>o separ<span class=\"_ _0\"></span>ate non-lea<span class=\"_ _0\"></span>se component<span class=\"_ _0\"></span>s and inst<span class=\"_ _8\"></span>ead account f<span class=\"_ _0\"></span>or any le<span class=\"_ _0\"></span>ase and a<span class=\"_ _0\"></span>ssociat<span class=\"_ _8\"></span>ed non-lease component<span class=\"_ _0\"></span>s as a single ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gement. The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s applied this pr<span class=\"_ _8\"></span>actical e<span class=\"_ _0\"></span>xpedient t<span class=\"_ _0\"></span>o all clas<span class=\"_ _0\"></span>ses of righ<span class=\"_ _0\"></span>t-of-us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ept f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>ent of building<span class=\"_ _0\"></span>s.The Gr<span class=\"_ _0\"></span>oup as a les<span class=\"_ _0\"></span>sorThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to lea<span class=\"_ _0\"></span>se agr<span class=\"_ _8\"></span>eements as a le<span class=\"_ _0\"></span>ssor wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>espect t<span class=\"_ _8\"></span>o filling machine<span class=\"_ _0\"></span>s placed with c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers. The<span class=\"_ _0\"></span>se lea<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e clas<span class=\"_ _0\"></span>sified as finance or oper<span class=\"_ _8\"></span>ating leas<span class=\"_ _0\"></span>es. Whenev<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>erms of the lea<span class=\"_ _0\"></span>se tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er subs<span class=\"_ _0\"></span>tantially all t<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ewar<span class=\"_ _8\"></span>ds of owners<span class=\"_ _0\"></span>hip to t<span class=\"_ _0\"></span>he less<span class=\"_ _0\"></span>ee, the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act is cla<span class=\"_ _0\"></span>ssified as a fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e. All other lea<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e classified a<span class=\"_ _0\"></span>s oper<span class=\"_ _0\"></span>ating leas<span class=\"_ _0\"></span>es.See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or impairment of non-fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets accountin<span class=\"_ _0\"></span>g policy<span class=\"_ _0\"></span>.Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>1. The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>sor - oper<span class=\"_ _0\"></span>ating lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>sThe Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es out filling m<span class=\"_ _0\"></span>achines under oper<span class=\"_ _8\"></span>ating lease<span class=\"_ _0\"></span>s. R<span class=\"_ _0\"></span>ental income w<span class=\"_ _0\"></span>as EUR 9,326 thou<span class=\"_ _0\"></span>sand in 2022, compar<span class=\"_ _8\"></span>ed to EUR 9,168 t<span class=\"_ _0\"></span>housand in 2021. L<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>ms ar<span class=\"_ _0\"></span>e between 1 year t<span class=\"_ _0\"></span>o 10 year<span class=\"_ _0\"></span>s. Options t<span class=\"_ _0\"></span>o ext<span class=\"_ _8\"></span>end the leas<span class=\"_ _0\"></span>e term or pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e the leas<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>eflects mar<span class=\"_ _0\"></span>ket conditions at t<span class=\"_ _0\"></span>he time of ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>sing the op<span class=\"_ _0\"></span>tion.At the r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he Group h<span class=\"_ _0\"></span>as f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e minimum lease r<span class=\"_ _8\"></span>eceivables as f<span class=\"_ _8\"></span>ollows (undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed)(EUR 1,000)<span class=\"_ _1bf\"> </span>2022<span class=\"_ _df\"> </span>2021Due within year 1<span class=\"_ _1ce\"> </span>11,2<span class=\"_ _0\"></span>42<span class=\"_ _7a\"> </span>7,6<span class=\"_ _0\"></span>79Due within year 2<span class=\"_ _1cf\"> </span>9,159<span class=\"_ _73\"> </span>6,7<span class=\"_ _0\"></span>00Due within year 3<span class=\"_ _1d0\"> </span>7,863<span class=\"_ _7a\"> </span>5,150Due within year 4<span class=\"_ _1ce\"> </span>6,519<span class=\"_ _62\"> </span>4,106Due within year 5<span class=\"_ _1d1\"> </span>4,509<span class=\"_ _df\"> </span>2,971Due after year 5<span class=\"_ _1aa\"> </span>8,330<span class=\"_ _73\"> </span>6,505To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1d2\"> </span>47,621<span class=\"_ _64\"> </span>33,1132. The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>sor - fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e receiv<span class=\"_ _0\"></span>ables The Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es out filling m<span class=\"_ _0\"></span>achines under fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>es. Gener<span class=\"_ _0\"></span>ally<span class=\"_ _8\"></span>, lease t<span class=\"_ _0\"></span>erms ar<span class=\"_ _8\"></span>e between 5 year<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o 10 year<span class=\"_ _0\"></span>s. Options t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>xtend or pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e the leas<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et will normally r<span class=\"_ _8\"></span>eflect mark<span class=\"_ _8\"></span>et pricing.Amounts r<span class=\"_ _8\"></span>eceivable under finance le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s (undiscoun<span class=\"_ _0\"></span>ted)(EUR 1,000)<span class=\"_ _1bf\"> </span>2022<span class=\"_ _df\"> </span>2021Due within year 1<span class=\"_ _1cf\"> </span>2,648<span class=\"_ _108\"> </span>4,843Due within year 2<span class=\"_ _1d3\"> </span>1,87<span class=\"_ _0\"></span>0<span class=\"_ _4e\"> </span>2,17<span class=\"_ _0\"></span>8Due within year 3<span class=\"_ _1ce\"> </span>1,302<span class=\"_ _df\"> </span>1,37<span class=\"_ _0\"></span>8Due within year 4<span class=\"_ _1aa\"> </span>1,213<span class=\"_ _66\"> </span>833Due within year 5<span class=\"_ _1d4\"> </span>804<span class=\"_ _109\"> </span><span class=\"ls2c ws49\">754</span>Due after year 5<span class=\"_ _1d5\"> </span>2,345<span class=\"_ _df\"> </span>1,770T<span class=\"_ _1\"></span>otal receiv<span class=\"_ _0\"></span>ables under finance lea<span class=\"_ _0\"></span>ses, undis<span class=\"_ _0\"></span>counted<span class=\"_ _98\"> </span>10,181<span class=\"_ _14f\"> </span>11,756Unearned finance income<span class=\"_ _5f\"> </span>2,162<span class=\"_ _6d\"> </span>1,536T<span class=\"_ _1\"></span>otal receiv<span class=\"_ _0\"></span>ables under finance lea<span class=\"_ _0\"></span>ses, dis<span class=\"_ _0\"></span>counted<span class=\"_ _87\"> </span>8,020<span class=\"_ _142\"> </span>10,220Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>Ther<span class=\"_ _0\"></span>e is no impairmen<span class=\"_ _0\"></span>t loss allo<span class=\"_ _0\"></span>wance r<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed to the fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivables in 2<span class=\"_ _0\"></span>022 and 2021. Cr<span class=\"_ _8\"></span>edit risk r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o the filling m<span class=\"_ _0\"></span>achine lease a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eements i<span class=\"_ _0\"></span>s consider<span class=\"_ _0\"></span>ed insignific<span class=\"_ _0\"></span>ant due t<span class=\"_ _0\"></span>o right t<span class=\"_ _0\"></span>o requir<span class=\"_ _8\"></span>e ret<span class=\"_ _8\"></span>urn of the machine in c<span class=\"_ _0\"></span>ase of def<span class=\"_ _8\"></span>ault. The aver<span class=\"_ _8\"></span>age eff<span class=\"_ _0\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ed is appr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ximat<span class=\"_ _8\"></span>ely 4.59% per annum.The Gr<span class=\"_ _0\"></span>oup as les<span class=\"_ _0\"></span>seeThe Gr<span class=\"_ _0\"></span>oup leas<span class=\"_ _0\"></span>es sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>ets including buildin<span class=\"_ _0\"></span>gs, plant<span class=\"_ _0\"></span>s, car<span class=\"_ _0\"></span>s and filling machine<span class=\"_ _0\"></span>s.Right-of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sets(EUR 1,000)Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty and Office and December 31, 2022buildings<span class=\"_ _c8\"> </span>Mach<span class=\"_ _0\"></span>iner<span class=\"_ _a\"></span>y transpor<span class=\"_ _a\"></span>t<span class=\"_ _c3\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _a\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _170\"> </span>38,652<span class=\"_ _6f\"> </span>12,986<span class=\"_ _b5\"> </span>11,314<span class=\"_ _1cc\"> </span>62,952Additions and adjus<span class=\"_ _0\"></span>tments<span class=\"_ _1d6\"> </span>22,258<span class=\"_ _1cb\"> </span>6,307<span class=\"_ _c3\"> </span>3,27<span class=\"_ _0\"></span>8<span class=\"_ _6f\"> </span>31,842Disposals<span class=\"_ _c2\"> </span>-3,956<span class=\"_ _12d\"> </span>-28<span class=\"_ _a0\"> </span>-100<span class=\"_ _d8\"> </span>-4,084Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1d7\"> </span>-4,806<span class=\"_ _104\"> </span>-5,288<span class=\"_ _104\"> </span>-3,823<span class=\"_ _109\"> </span>-13,918Impairment los<span class=\"_ _0\"></span>ses<span class=\"_ _175\"> </span>-<span class=\"_ _dc\"> </span>-8<span class=\"_ _1bd\"> </span>-<span class=\"_ _199\"> </span>-8Carrying amount at 31.12<span class=\"_ _1d8\"> </span>52,148<span class=\"_ _d8\"> </span>13,968<span class=\"_ _d4\"> </span>10,668<span class=\"_ _e7\"> </span>7<span class=\"_ _8\"></span>6,784Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty and Office and December 31, 2021buildings<span class=\"_ _c8\"> </span>Mach<span class=\"_ _0\"></span>iner<span class=\"_ _a\"></span>y transpor<span class=\"_ _a\"></span>t<span class=\"_ _c3\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _a\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _1d9\"> </span>42,502<span class=\"_ _e8\"> </span>15,645<span class=\"_ _c3\"> </span>11,123<span class=\"_ _104\"> </span>6<span class=\"_ _0\"></span>9,27<span class=\"_ _0\"></span>0Additions and adjus<span class=\"_ _0\"></span>tments<span class=\"_ _191\"> </span>1,458<span class=\"_ _b5\"> </span>3,010<span class=\"_ _d2\"> </span>4,162<span class=\"_ _9f\"> </span>8,630Disposals<span class=\"_ _88\"> </span>-233<span class=\"_ _b1\"> </span>-164<span class=\"_ _a2\"> </span>-213<span class=\"_ _ac\"> </span>-6<span class=\"_ _0\"></span>10Curr<span class=\"_ _0\"></span>ent year depr<span class=\"_ _0\"></span>eciation charg<span class=\"_ _0\"></span>e<span class=\"_ _1ba\"> </span>-5,075<span class=\"_ _1cc\"> </span>-5,505<span class=\"_ _18b\"> </span>-3,758<span class=\"_ _da\"> </span>-14,338Carrying amount at 31.12<span class=\"_ _1d6\"> </span>38,652<span class=\"_ _1cc\"> </span>12,986<span class=\"_ _ef\"> </span>11,314<span class=\"_ _d4\"> </span>62,952Not<span class=\"_ _0\"></span>e 12 \u2013 Lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s no significant pur<span class=\"_ _8\"></span>chas<span class=\"_ _0\"></span>e options e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om one pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e option r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the High Bay war<span class=\"_ _8\"></span>ehouse lea<span class=\"_ _0\"></span>se agr<span class=\"_ _8\"></span>eement commenced in Nov<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>, 2022. This pur<span class=\"_ _8\"></span>chase op<span class=\"_ _0\"></span>tion can be e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cised in 2<span class=\"_ _0\"></span>042 and pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price is m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et value at e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cise d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. An ex<span class=\"_ _8\"></span>erci<span class=\"_ _0\"></span>se of the pur<span class=\"_ _8\"></span>chase <span class=\"_ _0\"></span>option is not con<span class=\"_ _0\"></span>sidered t<span class=\"_ _8\"></span>o be re<span class=\"_ _0\"></span>ason<span class=\"_ _0\"></span>ably cer<span class=\"_ _a\"></span>tain, hence it i<span class=\"_ _0\"></span>s not r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed. Net additions in 2022 include EUR -3,955 t<span class=\"_ _0\"></span>housand r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ations in R<span class=\"_ _0\"></span>ussia, other t<span class=\"_ _8\"></span>erminations in 2<span class=\"_ _0\"></span>022 and 2021 ar<span class=\"_ _8\"></span>e less th<span class=\"_ _0\"></span>an 1% of the righ<span class=\"_ _0\"></span>t of use a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s. The gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s additions t<span class=\"_ _0\"></span>o right-of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sets, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cluding adjus<span class=\"_ _0\"></span>tments t<span class=\"_ _8\"></span>o exi<span class=\"_ _0\"></span>sting con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>acts, wer<span class=\"_ _8\"></span>e EUR 29,388 thousand in 2022 and EUR 4,460 thou<span class=\"_ _0\"></span>sand in 2021. The e<span class=\"_ _8\"></span>xpired and t<span class=\"_ _8\"></span>erminat<span class=\"_ _0\"></span>ed contr<span class=\"_ _8\"></span>acts in 2022 wer<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eplaced b<span class=\"_ _0\"></span>y new lease<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or similar underlyin<span class=\"_ _0\"></span>g ass<span class=\"_ _0\"></span>ets.Expense<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es ar<span class=\"_ _8\"></span>e EUR 350 thousand in 2<span class=\"_ _0\"></span>022 and EUR 105 thousand in 2021. Expens<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o low value as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e EUR 615 t<span class=\"_ _0\"></span>housand in 2<span class=\"_ _0\"></span>022 and EUR 772  <span class=\"_ _23\"></span>thousand in 2021. Expens<span class=\"_ _0\"></span>es r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o variable pay<span class=\"_ _0\"></span>ments not included in t<span class=\"_ _0\"></span>he measur<span class=\"_ _8\"></span>ement of lease  <span class=\"_ _23\"></span>liabilities ar<span class=\"_ _0\"></span>e EUR 98 thous<span class=\"_ _0\"></span>and in 2022 and EUR 218 thou<span class=\"_ _0\"></span>sand in 2021.The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s signed contr<span class=\"_ _8\"></span>acts f<span class=\"_ _0\"></span>or tet<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ed Cap lines with a lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>erm of 5 year<span class=\"_ _0\"></span>s and a nominal value of EUR 45,284 t<span class=\"_ _0\"></span>housand, which will commence at diff<span class=\"_ _8\"></span>eren<span class=\"_ _0\"></span>t stag<span class=\"_ _0\"></span>es during 2<span class=\"_ _0\"></span>023 and Q1 202<span class=\"_ _8\"></span>4.Lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _1da\"> </span>2022<span class=\"_ _df\"> </span>2021Curr<span class=\"_ _0\"></span>ent Leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _1db\"> </span>Note 2<span class=\"_ _0\"></span>6,29<span class=\"_ _73\"> </span>17,139<span class=\"_ _ca\"> </span> 18,26<span class=\"_ _0\"></span>1 Non-curr<span class=\"_ _0\"></span>ent lease li<span class=\"_ _0\"></span>abilities<span class=\"_ _19e\"> </span>Not<span class=\"_ _8\"></span>e 26,29<span class=\"_ _c4\"> </span>73,536<span class=\"_ _7f\"> </span> 62,342 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1dc\"> </span>90,67<span class=\"_ _1\"></span>4<span class=\"_ _48\"> </span> 80,604 At the r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he Group h<span class=\"_ _0\"></span>as lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s as f<span class=\"_ _0\"></span>ollows (undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed)(EUR 1,000)<span class=\"_ _1bf\"> </span>2022<span class=\"_ _df\"> </span>2021Due within year 1<span class=\"_ _1d1\"> </span>20,751<span class=\"_ _64\"> </span>18,905Due within year 2<span class=\"_ _1dd\"> </span>20,449<span class=\"_ _108\"> </span>14,515Due within year 3<span class=\"_ _1de\"> </span>14,208<span class=\"_ _64\"> </span>15,206Due within year 4<span class=\"_ _f7\"> </span>12,282<span class=\"_ _73\"> </span>8,7<span class=\"_ _0\"></span>00Due within year 5<span class=\"_ _1df\"> </span>10,381<span class=\"_ _19a\"> </span>7,889Due after year 5<span class=\"_ _1e0\"> </span>75,623<span class=\"_ _64\"> </span>41,989To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _149\"> </span>153,69<span class=\"_ _8\"></span>4<span class=\"_ _48\"> </span>107,20<span class=\"_ _0\"></span>3",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__44": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup as a les<span class=\"_ _0\"></span>seeThe Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>es a right<span class=\"_ _0\"></span>-of-use a<span class=\"_ _0\"></span>sset and a corr<span class=\"_ _8\"></span>espondin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e liability with r<span class=\"_ _0\"></span>espect t<span class=\"_ _0\"></span>o all lease arr<span class=\"_ _8\"></span>angement<span class=\"_ _0\"></span>s in which it is t<span class=\"_ _0\"></span>he less<span class=\"_ _0\"></span>ee, ex<span class=\"_ _8\"></span>cept f<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es and lea<span class=\"_ _0\"></span>ses of low value a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _0\"></span>erm leas<span class=\"_ _0\"></span>es and lea<span class=\"_ _0\"></span>ses of lo<span class=\"_ _0\"></span>w value as<span class=\"_ _0\"></span>sets, t<span class=\"_ _0\"></span>he Group r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>es the lea<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>ments as an oper<span class=\"_ _8\"></span>ating e<span class=\"_ _0\"></span>xpense on a st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-line ba<span class=\"_ _0\"></span>sis ov<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>erm of the leas<span class=\"_ _0\"></span>e unless anot<span class=\"_ _0\"></span>her sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>atic basi<span class=\"_ _0\"></span>s is mor<span class=\"_ _8\"></span>e repr<span class=\"_ _8\"></span>esent<span class=\"_ _0\"></span>ative of the time patt<span class=\"_ _8\"></span>ern in which economic benefits f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he leased a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>onsumed.As a pr<span class=\"_ _0\"></span>actical e<span class=\"_ _0\"></span>xpedient, IFR<span class=\"_ _0\"></span>S 16 permits a le<span class=\"_ _0\"></span>ssee not t<span class=\"_ _8\"></span>o separ<span class=\"_ _0\"></span>ate non-lea<span class=\"_ _0\"></span>se component<span class=\"_ _0\"></span>s and inst<span class=\"_ _8\"></span>ead account f<span class=\"_ _0\"></span>or any le<span class=\"_ _0\"></span>ase and a<span class=\"_ _0\"></span>ssociat<span class=\"_ _8\"></span>ed non-lease component<span class=\"_ _0\"></span>s as a single ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gement. The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s applied this pr<span class=\"_ _8\"></span>actical e<span class=\"_ _0\"></span>xpedient t<span class=\"_ _0\"></span>o all clas<span class=\"_ _0\"></span>ses of righ<span class=\"_ _0\"></span>t-of-us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ept f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>ent of building<span class=\"_ _0\"></span>s.The Gr<span class=\"_ _0\"></span>oup as a les<span class=\"_ _0\"></span>sorThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to lea<span class=\"_ _0\"></span>se agr<span class=\"_ _8\"></span>eements as a le<span class=\"_ _0\"></span>ssor wit<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>espect t<span class=\"_ _8\"></span>o filling machine<span class=\"_ _0\"></span>s placed with c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers. The<span class=\"_ _0\"></span>se lea<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e clas<span class=\"_ _0\"></span>sified as finance or oper<span class=\"_ _8\"></span>ating leas<span class=\"_ _0\"></span>es. Whenev<span class=\"_ _0\"></span>er the t<span class=\"_ _0\"></span>erms of the lea<span class=\"_ _0\"></span>se tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er subs<span class=\"_ _0\"></span>tantially all t<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ewar<span class=\"_ _8\"></span>ds of owners<span class=\"_ _0\"></span>hip to t<span class=\"_ _0\"></span>he less<span class=\"_ _0\"></span>ee, the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act is cla<span class=\"_ _0\"></span>ssified as a fin<span class=\"_ _0\"></span>ance leas<span class=\"_ _0\"></span>e. All other lea<span class=\"_ _0\"></span>ses ar<span class=\"_ _8\"></span>e classified a<span class=\"_ _0\"></span>s oper<span class=\"_ _0\"></span>ating leas<span class=\"_ _0\"></span>es.See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or impairment of non-fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets accountin<span class=\"_ _0\"></span>g policy<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__45": {
   "value": "Not<span class=\"_ _0\"></span>e 13 - Impairmen<span class=\"_ _0\"></span>t Ukr<span class=\"_ _8\"></span>aineDue t<span class=\"_ _0\"></span>o the war in Uk<span class=\"_ _0\"></span>raine, Elop<span class=\"_ _0\"></span>ak sus<span class=\"_ _0\"></span>pended all activities in R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>a, and r<span class=\"_ _0\"></span>estarted oper<span class=\"_ _8\"></span>ations in Ukr<span class=\"_ _8\"></span>aine af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er a tempor<span class=\"_ _8\"></span>ar<span class=\"_ _a\"></span>y close-down, in Mar<span class=\"_ _8\"></span>ch 2022. Consequen<span class=\"_ _0\"></span>tly<span class=\"_ _8\"></span>, the Gr<span class=\"_ _0\"></span>oup has t<span class=\"_ _8\"></span>est<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets in Ukr<span class=\"_ _8\"></span>aine for imp<span class=\"_ _0\"></span>airment and r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed an impairment lo<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>hrough t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome. Ukr<span class=\"_ _0\"></span>aine is included in t<span class=\"_ _0\"></span>he operatin<span class=\"_ _0\"></span>g segmen<span class=\"_ _0\"></span>t EMEA. T<span class=\"_ _f\"></span>otal impairment of the Uk<span class=\"_ _0\"></span>raine oper<span class=\"_ _8\"></span>ations as per December 3<span class=\"_ _0\"></span>1 amount<span class=\"_ _0\"></span>ed to EUR 7,889 t<span class=\"_ _0\"></span>housand.The impairment lo<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>s calcul<span class=\"_ _0\"></span>ated u<span class=\"_ _0\"></span>sing a weight<span class=\"_ _8\"></span>ed aver<span class=\"_ _8\"></span>age of possible s<span class=\"_ _0\"></span>cenario<span class=\"_ _0\"></span>s including continuin<span class=\"_ _0\"></span>g operation<span class=\"_ _0\"></span>s and closing oper<span class=\"_ _8\"></span>ations.The R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an operation i<span class=\"_ _0\"></span>s clas<span class=\"_ _0\"></span>sified as di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ations and all asset<span class=\"_ _0\"></span>s and liabilities r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the R<span class=\"_ _8\"></span>ussian oper<span class=\"_ _8\"></span>ation wer<span class=\"_ _0\"></span>e deconsolid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he Elopak cons<span class=\"_ _0\"></span>olidat<span class=\"_ _8\"></span>ed financial stat<span class=\"_ _8\"></span>ements due t<span class=\"_ _0\"></span>o loss of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol on July 15. See  Disc<span class=\"_ _0\"></span>ontinued oper<span class=\"_ _0\"></span>ations.Due t<span class=\"_ _0\"></span>o the cir<span class=\"_ _0\"></span>cums<span class=\"_ _0\"></span>tances in Uk<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aine the impairment <span class=\"_ _0\"></span>asse<span class=\"_ _0\"></span>ssmen<span class=\"_ _0\"></span>t has been upd<span class=\"_ _0\"></span>ated at <span class=\"_ _0\"></span>the end of each quar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>. No defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he oper<span class=\"_ _0\"></span>ations in Ukr<span class=\"_ _8\"></span>aine. After impairmen<span class=\"_ _0\"></span>t, the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>erable amoun<span class=\"_ _0\"></span>t of Pr<span class=\"_ _8\"></span>oper<span class=\"_ _a\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, plant and equipment i<span class=\"_ _0\"></span>s EUR 3,111 thou<span class=\"_ _0\"></span>sand, while all ot<span class=\"_ _0\"></span>her non-curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e writt<span class=\"_ _0\"></span>en down t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ecover<span class=\"_ _8\"></span>able amount of z<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>o.Eff<span class=\"_ _0\"></span>ect of impairment(EUR 1,000)<span class=\"_ _1e1\"> </span><span class=\"ff2\"> </span>ASSETS<span class=\"_ _1e2\"> </span> December 31, 2022Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _1e3\"> </span><span class=\"lsb ws8c\">-26</span>Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _1e4\"> </span>-1,555Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _1e5\"> </span>-4,155Right-of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s<span class=\"_ _1e6\"> </span>-8T<span class=\"_ _1\"></span>otal non - curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _1e7\"> </span>-5,7<span class=\"_ _1\"></span>44Curren<span class=\"_ _0\"></span>t assetsInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _1e8\"> </span>-1,883T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _1e9\"> </span>-32Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _182\"> </span>-230T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _1ea\"> </span>-2,145T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s<span class=\"_ _1eb\"> </span>-7,889Not<span class=\"_ _0\"></span>e 13 - Impairmen<span class=\"_ _0\"></span>t Ukr<span class=\"_ _8\"></span>aine <span class=\"fc3\">continued</span> Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended (EUR 1,000)December 31 Comprehensiv<span class=\"_ _0\"></span>e income<span class=\"_ _1dc\"> </span>2022 Cost of m<span class=\"_ _0\"></span>aterials<span class=\"_ _1ec\"> </span>2,079Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tisation and imp<span class=\"_ _0\"></span>airment<span class=\"_ _1ed\"> </span>4,189Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _17e\"> </span><span class=\"lsb2 ws1d2\">67</span>Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _1ee\"> </span>6,335Income tax<span class=\"_ _1ef\"> </span>1,554Pr<span class=\"_ _0\"></span>ofit<span class=\"_ _a\"></span>/loss<span class=\"_ _1f0\"> </span>7,889",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__46": {
   "value": "Not<span class=\"_ _0\"></span>e 14 - Other oper<span class=\"_ _8\"></span>ating e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _1f1\"> </span>2022<span class=\"_ _df\"> </span>2021Sales and adminis<span class=\"_ _0\"></span>tration e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1f2\"> </span>6,908<span class=\"_ _69\"> </span>5,865Occupancy and m<span class=\"_ _0\"></span>ainten<span class=\"_ _0\"></span>ance expense<span class=\"_ _0\"></span>s<span class=\"_ _1f3\"> </span>4,907<span class=\"_ _108\"> </span>4,033T<span class=\"_ _1\"></span>ravel e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1d5\"> </span>8,660<span class=\"_ _13c\"> </span>4,835Los<span class=\"_ _0\"></span>ses and chan<span class=\"_ _0\"></span>ges in allowanc<span class=\"_ _0\"></span>e for bad debt<span class=\"_ _1f4\"> </span><span class=\"ls5a wsaa\">920<span class=\"_ _66\"> </span></span>383Consultant<span class=\"_ _0\"></span>s, auditor<span class=\"_ _0\"></span>s, lawyers, et<span class=\"_ _0\"></span>c<span class=\"_ _1f5\"> </span>17,759<span class=\"_ _ca\"> </span>15,643IT e<span class=\"_ _0\"></span>xpenses<span class=\"_ _f8\"> </span>10,332<span class=\"_ _55\"> </span>11,095Other e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1f6\"> </span>6,271<span class=\"_ _6b\"> </span>5,16<span class=\"_ _0\"></span>9To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2\"> </span> <span class=\"_ _1f7\"> </span>55,757<span class=\"_ _84\"> </span>47,023",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__47": {
   "value": "Not<span class=\"_ _0\"></span>e 15 - F<span class=\"_ _0\"></span>ees t<span class=\"_ _8\"></span>o ext<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al auditor<span class=\"_ _8\"></span>sPWC w<span class=\"_ _0\"></span>as elect<span class=\"_ _0\"></span>ed as the principal audit<span class=\"_ _8\"></span>or for 2<span class=\"_ _0\"></span>019, while some Gr<span class=\"_ _0\"></span>oup companie<span class=\"_ _0\"></span>s are audit<span class=\"_ _8\"></span>ed by ot<span class=\"_ _0\"></span>her audit firms.Expens<span class=\"_ _0\"></span>ed fee<span class=\"_ _0\"></span>s (EUR 1,000)<span class=\"_ _1b9\"> </span>Y<span class=\"_ _8\"></span>ear t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e ended December 31, 2022Other ass<span class=\"_ _0\"></span>urance Other non-audit Audit f<span class=\"_ _8\"></span>eeservices<span class=\"_ _f9\"> </span>T<span class=\"_ _1\"></span>ax servicesservices <span class=\"_ _66\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>PWC<span class=\"_ _1f8\"> </span> 840 <span class=\"_ _d2\"> </span> 33 <span class=\"_ _12d\"> </span> 7 <span class=\"_ _1f9\"> </span> 42 <span class=\"_ _ef\"> </span> 922 Others<span class=\"_ _1fa\"> </span> 117 <span class=\"_ _aa\"> </span> 3 <span class=\"_ _c3\"> </span> 118 <span class=\"_ _aa\"> </span> - <span class=\"_ _ef\"> </span> 238 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1fb\"> </span> 957 <span class=\"_ _d2\"> </span> 36 <span class=\"_ _1fc\"> </span> 125 <span class=\"_ _d2\"> </span> 42 <span class=\"_ _da\"> </span> 1,159 Not<span class=\"_ _0\"></span>e 15 - F<span class=\"_ _0\"></span>ees t<span class=\"_ _8\"></span>o ext<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al auditor<span class=\"_ _8\"></span>s <span class=\"fc3\">continued</span>Expens<span class=\"_ _0\"></span>ed fee<span class=\"_ _0\"></span>s (EUR 1,000)<span class=\"_ _1bc\"> </span>Y<span class=\"_ _8\"></span>ear t<span class=\"_ _0\"></span>o dat<span class=\"_ _0\"></span>e ended December 31, 2021Other ass<span class=\"_ _0\"></span>urance Other non-audit Audit f<span class=\"_ _8\"></span>eeservices<span class=\"_ _f9\"> </span>T<span class=\"_ _1\"></span>ax servicesservices <span class=\"_ _66\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>PWC<span class=\"_ _1fd\"> </span> 716 <span class=\"_ _6f\"> </span><span class=\"ls5 wsd\"> 39<span class=\"_ _a\"></span>6 <span class=\"_ _b1\"> </span></span> 13 <span class=\"_ _1f9\"> </span> 59 <span class=\"_ _109\"> </span> 1,185 Others<span class=\"_ _1fe\"> </span> 172 <span class=\"_ _ac\"> </span> 13 <span class=\"_ _c6\"> </span> 104 <span class=\"_ _aa\"> </span> 3 <span class=\"_ _ef\"> </span> 292 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1ff\"> </span> 888 <span class=\"_ _104\"> </span> 409 <span class=\"_ _71\"> </span> 117 <span class=\"_ _1f9\"> </span><span class=\"ls5a wsaa\"> 62 <span class=\"_ _6b\"> </span></span> 1, 477",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__48": {
   "value": "Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyA joint v<span class=\"_ _0\"></span>entu<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>s a cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual arran<span class=\"_ _0\"></span>gement wher<span class=\"_ _8\"></span>eby the Gr<span class=\"_ _8\"></span>oup and other parties under<span class=\"_ _a\"></span>tak<span class=\"_ _8\"></span>e an economic activity that i<span class=\"_ _0\"></span>s subject t<span class=\"_ _0\"></span>o joint con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol; that i<span class=\"_ _0\"></span>s when the st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ategic fin<span class=\"_ _0\"></span>ancial and oper<span class=\"_ _0\"></span>ating policy decision<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>elating t<span class=\"_ _8\"></span>o the activities r<span class=\"_ _8\"></span>equire the un<span class=\"_ _0\"></span>animous cons<span class=\"_ _0\"></span>ent of the par<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s sharing c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol.The r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets and liabilities of <span class=\"_ _0\"></span>a joint vent<span class=\"_ _8\"></span>ure compan<span class=\"_ _8\"></span>y are incorpor<span class=\"_ _8\"></span>ated in t<span class=\"_ _0\"></span>hese financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he equity method of accountin<span class=\"_ _0\"></span>g. Under the equity met<span class=\"_ _0\"></span>hod, inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in ass<span class=\"_ _0\"></span>ociate<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e carried in t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement of financial po<span class=\"_ _0\"></span>sition at cos<span class=\"_ _0\"></span>t as adjust<span class=\"_ _8\"></span>ed for po<span class=\"_ _0\"></span>st-acqui<span class=\"_ _0\"></span>sition chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's shar<span class=\"_ _8\"></span>e of the net ass<span class=\"_ _0\"></span>ets of the equity inves<span class=\"_ _0\"></span>tee. The s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>t of compr<span class=\"_ _0\"></span>ehensive income r<span class=\"_ _8\"></span>eflects the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ults of oper<span class=\"_ _0\"></span>ations of the a<span class=\"_ _0\"></span>ssociat<span class=\"_ _8\"></span>e (net af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er tax). An<span class=\"_ _0\"></span>y ex<span class=\"_ _8\"></span>cess of t<span class=\"_ _0\"></span>he cost of acqui<span class=\"_ _0\"></span>sition ov<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup's shar<span class=\"_ _8\"></span>e of the net f<span class=\"_ _8\"></span>air value of the iden<span class=\"_ _0\"></span>tifiable as<span class=\"_ _0\"></span>sets, liabil<span class=\"_ _0\"></span>ities and contin<span class=\"_ _0\"></span>gent li<span class=\"_ _0\"></span>abilities of the joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at the dat<span class=\"_ _8\"></span>e of acquisition is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed as goodwill. The goodwill i<span class=\"_ _0\"></span>s included within the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>tment and is a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssed f<span class=\"_ _8\"></span>or impairment a<span class=\"_ _0\"></span>s par<span class=\"_ _a\"></span>t of the inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ment. After application of t<span class=\"_ _0\"></span>he equity method the Gr<span class=\"_ _0\"></span>oup det<span class=\"_ _0\"></span>ermines whether it i<span class=\"_ _0\"></span>s neces<span class=\"_ _0\"></span>sar<span class=\"_ _a\"></span>y t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>e an additional impair<span class=\"_ _0\"></span>ment on the individual inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s. The Gr<span class=\"_ _0\"></span>oup determine<span class=\"_ _0\"></span>s if ther<span class=\"_ _8\"></span>e are indication<span class=\"_ _0\"></span>s of impairment, and if t<span class=\"_ _0\"></span>his is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e, the Gr<span class=\"_ _8\"></span>oup calculat<span class=\"_ _8\"></span>es the impairmen<span class=\"_ _0\"></span>t loss a<span class=\"_ _0\"></span>s the diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount of the join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e and it's carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g value.Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>The inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in the joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es specified belo<span class=\"_ _0\"></span>w ha<span class=\"_ _0\"></span>ve been accoun<span class=\"_ _0\"></span>ted f<span class=\"_ _8\"></span>or in accor<span class=\"_ _0\"></span>dance with t<span class=\"_ _0\"></span>he equity method of accounting. L<span class=\"_ _0\"></span>ala Elopak S.A. de C.V. i<span class=\"_ _0\"></span>s a car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>oduction plant in Me<span class=\"_ _0\"></span>xico selling c<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons to Americ<span class=\"_ _0\"></span>as. Impr<span class=\"_ _8\"></span>esor<span class=\"_ _0\"></span>a Del Y<span class=\"_ _1\"></span>aque is a carton pr<span class=\"_ _8\"></span>oduction facility in the Dominic<span class=\"_ _0\"></span>an Republic al<span class=\"_ _0\"></span>so sellin<span class=\"_ _0\"></span>g car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons t<span class=\"_ _0\"></span>o Americas. Elop<span class=\"_ _0\"></span>ak Nampak Af<span class=\"_ _8\"></span>rica Limited i<span class=\"_ _0\"></span>s a sale<span class=\"_ _0\"></span>s centr<span class=\"_ _8\"></span>e in K<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ya, e<span class=\"_ _0\"></span>stablis<span class=\"_ _0\"></span>hed in 2020, sellin<span class=\"_ _0\"></span>g cartons t<span class=\"_ _8\"></span>o Africa. The inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ments ar<span class=\"_ _8\"></span>e joint vent<span class=\"_ _8\"></span>ure<span class=\"_ _0\"></span>s becaus<span class=\"_ _0\"></span>e the inve<span class=\"_ _0\"></span>stment partners h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e the same right<span class=\"_ _0\"></span>s and contr<span class=\"_ _8\"></span>ol in the companies.Inve<span class=\"_ _0\"></span>stment i<span class=\"_ _0\"></span>n joint ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es(EUR 1,000)Lala Elopak Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Elopak Nampak 2022S.A. de C.V.Del Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _104\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _16\"></span>l</span>Ownership - and v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e<span class=\"_ _1a0\"> </span>49 %<span class=\"_ _9f\"> </span>51 %<span class=\"_ _104\"> </span>50 %Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _207\"> </span>19,390<span class=\"_ _1cc\"> </span>8,270<span class=\"_ _9f\"> </span>-133<span class=\"_ _da\"> </span>27,527Additions durin<span class=\"_ _0\"></span>g the year<span class=\"_ _c0\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _dc\"> </span>-Disposals<span class=\"_ _208\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-Income f<span class=\"_ _0\"></span>rom joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>e companies<span class=\"_ _8c\"> </span>2,665<span class=\"_ _6f\"> </span>1,824<span class=\"_ _c3\"> </span>-112<span class=\"_ _18b\"> </span>4,3<span class=\"_ _0\"></span>78Dividend rec<span class=\"_ _0\"></span>eived<span class=\"_ _209\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _dc\"> </span>-Rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _0\"></span>o equity<span class=\"_ _20a\"> </span>-14<span class=\"_ _dc\"> </span>-<span class=\"_ _199\"> </span>-<span class=\"_ _b1\"> </span>-14Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _20b\"> </span>2,16<span class=\"_ _0\"></span>9<span class=\"_ _b1\"> </span><span class=\"lsaf ws1bc\">613<span class=\"_ _20c\"> </span></span>-<span class=\"_ _18b\"> </span>2,7<span class=\"_ _0\"></span>83Carrying amount 31.12<span class=\"_ _170\"> </span>24,210<span class=\"_ _4e\"> </span>10,707<span class=\"_ _18b\"> </span>-244<span class=\"_ _6d\"> </span>34,673(EUR 1,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak 2021de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _d4\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Ownership - and v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e<span class=\"_ _192\"> </span>49 %<span class=\"_ _ef\"> </span>51 %<span class=\"_ _d8\"> </span>50 %Carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t 1.1<span class=\"_ _200\"> </span>18,822<span class=\"_ _104\"> </span>8,135<span class=\"_ _115\"> </span>-<span class=\"_ _6b\"> </span>26,956Additions durin<span class=\"_ _0\"></span>g the year<span class=\"_ _201\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _202\"> </span>4<span class=\"_ _bc\"> </span>4Disposals<span class=\"_ _203\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _202\"> </span>-Income f<span class=\"_ _0\"></span>rom joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>e companies<span class=\"_ _204\"> </span>2,588<span class=\"_ _c6\"> </span>1,123<span class=\"_ _9f\"> </span>-137<span class=\"_ _d4\"> </span>3,575Dividend rec<span class=\"_ _0\"></span>eived<span class=\"_ _10d\"> </span>-3,17<span class=\"_ _1\"></span>6<span class=\"_ _77\"> </span>-1,790<span class=\"_ _115\"> </span>-<span class=\"_ _6d\"> </span>-4,965Rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _0\"></span>o equity<span class=\"_ _21\"> </span><span class=\"ls61 wsba\">27<span class=\"_ _115\"> </span></span>-<span class=\"_ _115\"> </span>-<span class=\"_ _e3\"> </span><span class=\"ls61 wsba\">27</span>Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation<span class=\"_ _205\"> </span>1,129<span class=\"_ _1f9\"> </span>801<span class=\"_ _115\"> </span>-<span class=\"_ _d8\"> </span>1,9<span class=\"_ _0\"></span>30Carrying amount 31.12<span class=\"_ _206\"> </span>19,390<span class=\"_ _75\"> </span>8,270<span class=\"_ _e8\"> </span>-133<span class=\"_ _6d\"> </span>27,527Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>Summ<span class=\"_ _0\"></span>arized fin<span class=\"_ _0\"></span>ancial inf<span class=\"_ _8\"></span>ormation(EUR 1,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak 2022de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _104\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _16\"></span>l</span>Re<span class=\"_ _0\"></span>venue<span class=\"_ _20d\"> </span>78,865<span class=\"_ _53\"> </span> 25,471 <span class=\"_ _b1\"> </span>63<span class=\"_ _55\"> </span>104,400Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _20e\"> </span>7,431<span class=\"_ _109\"> </span> 4,36<span class=\"_ _0\"></span>1 <span class=\"_ _1cc\"> </span>-208<span class=\"_ _d4\"> </span>11,584Pr<span class=\"_ _0\"></span>ofit after tax (los<span class=\"_ _0\"></span>s)<span class=\"_ _20f\"> </span>5,440<span class=\"_ _d4\"> </span> 3,577 <span class=\"_ _18b\"> </span>-22<span class=\"_ _8\"></span>4<span class=\"_ _18b\"> </span>8,79<span class=\"_ _8\"></span>4Other compr<span class=\"_ _0\"></span>ehensive income th<span class=\"_ _0\"></span>at may be r<span class=\"_ _0\"></span>eclas<span class=\"_ _0\"></span>sified 4,427<span class=\"_ _109\"> </span> 1,202 <span class=\"_ _bc\"> </span>-<span class=\"_ _109\"> </span>5,630to net incomeT<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income <span class=\"_ _210\"> </span>9,867<span class=\"_ _1af\"> </span> 4,780 <span class=\"_ _104\"> </span>-224<span class=\"_ _77\"> </span>14,423Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>s<span class=\"_ _211\"> </span>40,181<span class=\"_ _66\"> </span>21,572<span class=\"_ _ac\"> </span>188<span class=\"_ _da\"> </span>6<span class=\"_ _0\"></span>1,9<span class=\"_ _8\"></span>40Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _20b\"> </span>15,47<span class=\"_ _8\"></span>6<span class=\"_ _d8\"> </span>3,459<span class=\"_ _1b4\"> </span>1<span class=\"_ _1af\"> </span>18,9<span class=\"_ _8\"></span>36Curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _17a\"> </span>10,495<span class=\"_ _d8\"> </span>3,208<span class=\"_ _a7\"> </span>171<span class=\"_ _66\"> </span>13,87<span class=\"_ _1\"></span>4Non-curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _27\"> </span>2,499<span class=\"_ _115\"> </span>0<span class=\"_ _1f9\"> </span><span class=\"ls2c ws49\">507<span class=\"_ _66\"> </span></span>3,006E<span class=\"_ _0\"></span>quity<span class=\"_ _212\"> </span>42,663<span class=\"_ _1af\"> </span>21,823<span class=\"_ _6f\"> </span>-489<span class=\"_ _53\"> </span>63,997Group's sh<span class=\"_ _0\"></span>are of pr<span class=\"_ _0\"></span>ofit after tax /los<span class=\"_ _0\"></span>s (-)<span class=\"_ _162\"> </span>2,665<span class=\"_ _1cc\"> </span>1,824<span class=\"_ _1cb\"> </span>-112<span class=\"_ _109\"> </span>4,37<span class=\"_ _0\"></span>8(EUR 1,,000)Lala Elopak S.A. Impre<span class=\"_ _0\"></span>sor<span class=\"_ _0\"></span>a Del Elopak Nampak 2021de C.V.Y<span class=\"_ _8\"></span>aqueAfri<span class=\"_ _0\"></span>ca Ltd<span class=\"_ _d8\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>Re<span class=\"_ _0\"></span>venue<span class=\"_ _35\"> </span>58,996<span class=\"_ _75\"> </span>16,128<span class=\"_ _115\"> </span>-<span class=\"_ _da\"> </span>75,123Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _213\"> </span>6,834<span class=\"_ _d4\"> </span>2,602<span class=\"_ _c6\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _2\"> </span>2<span class=\"_ _16\"></span>74<span class=\"_ _9f\"> </span></span>9,161Pr<span class=\"_ _0\"></span>ofit after tax (los<span class=\"_ _0\"></span>s)<span class=\"_ _214\"> </span>5,282<span class=\"_ _d4\"> </span>2,203<span class=\"_ _c6\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _2\"> </span>2<span class=\"_ _16\"></span>74<span class=\"_ _71\"> </span></span>7,211Other compr<span class=\"_ _0\"></span>ehensive income th<span class=\"_ _0\"></span>at may be r<span class=\"_ _0\"></span>eclassified 2,303<span class=\"_ _1fc\"> </span>1,571<span class=\"_ _115\"> </span>-<span class=\"_ _e7\"> </span>3,87<span class=\"_ _8\"></span>4to net incomeT<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income <span class=\"_ _215\"> </span>7,586<span class=\"_ _1cc\"> </span>3,773<span class=\"_ _1fc\"> </span><span class=\"lsb5 ws1f8\">-<span class=\"_ _16\"></span>2<span class=\"_ _2\"> </span>74<span class=\"_ _66\"> </span></span>11,085Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>s<span class=\"_ _20e\"> </span>33,055<span class=\"_ _8e\"> </span>14,624<span class=\"_ _d2\"> </span>106<span class=\"_ _163\"> </span>47,785Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _16e\"> </span>12,90<span class=\"_ _0\"></span>7<span class=\"_ _e8\"> </span>3,617<span class=\"_ _dc\"> </span>1<span class=\"_ _77\"> </span>16,524Curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _216\"> </span>9,750<span class=\"_ _d4\"> </span>2,025<span class=\"_ _217\"> </span>112<span class=\"_ _75\"> </span>11,888Non-curr<span class=\"_ _0\"></span>ent liabilities<span class=\"_ _218\"> </span>2,109<span class=\"_ _115\"> </span>-<span class=\"_ _b5\"> </span><span class=\"lsb ws8c\">260<span class=\"_ _d8\"> </span></span>2,36<span class=\"_ _0\"></span>9E<span class=\"_ _0\"></span>quity<span class=\"_ _14e\"> </span>34,102<span class=\"_ _75\"> </span>16,216<span class=\"_ _6f\"> </span>-265<span class=\"_ _62\"> </span>50,053Group's sh<span class=\"_ _0\"></span>are of pr<span class=\"_ _0\"></span>ofit after tax /los<span class=\"_ _0\"></span>s (-)<span class=\"_ _8f\"> </span>2,588<span class=\"_ _104\"> </span>1,123<span class=\"_ _c6\"> </span>-137<span class=\"_ _66\"> </span>3,575Not<span class=\"_ _0\"></span>e 16 \u2013 Inve<span class=\"_ _0\"></span>stmen<span class=\"_ _0\"></span>t in joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"fc3\">continued</span>V<span class=\"_ _8\"></span>oting share(Ownership/v<span class=\"_ _0\"></span>oting shar<span class=\"_ _0\"></span>e)<span class=\"_ _219\"> </span>2022<span class=\"_ _df\"> </span>202149 %<span class=\"_ _12d\"> </span>49 %Lala Elopak S.A. de C.V.<span class=\"_ _10f\"> </span>49 %<span class=\"_ _7a\"> </span>49 %Impre<span class=\"_ _0\"></span>sora Del Y<span class=\"_ _1\"></span>aque<span class=\"_ _59\"> </span>51 %<span class=\"_ _4e\"> </span>51 %Elopak Nampak Af<span class=\"_ _8\"></span>rica Limited<span class=\"_ _21a\"> </span>50 %<span class=\"_ _62\"> </span>50 %",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__49": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyA joint v<span class=\"_ _0\"></span>entu<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>s a cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual arran<span class=\"_ _0\"></span>gement wher<span class=\"_ _8\"></span>eby the Gr<span class=\"_ _8\"></span>oup and other parties under<span class=\"_ _a\"></span>tak<span class=\"_ _8\"></span>e an economic activity that i<span class=\"_ _0\"></span>s subject t<span class=\"_ _0\"></span>o joint con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol; that i<span class=\"_ _0\"></span>s when the st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ategic fin<span class=\"_ _0\"></span>ancial and oper<span class=\"_ _0\"></span>ating policy decision<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>elating t<span class=\"_ _8\"></span>o the activities r<span class=\"_ _8\"></span>equire the un<span class=\"_ _0\"></span>animous cons<span class=\"_ _0\"></span>ent of the par<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s sharing c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol.The r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets and liabilities of <span class=\"_ _0\"></span>a joint vent<span class=\"_ _8\"></span>ure compan<span class=\"_ _8\"></span>y are incorpor<span class=\"_ _8\"></span>ated in t<span class=\"_ _0\"></span>hese financi<span class=\"_ _0\"></span>al stat<span class=\"_ _0\"></span>ements u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he equity method of accountin<span class=\"_ _0\"></span>g. Under the equity met<span class=\"_ _0\"></span>hod, inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in ass<span class=\"_ _0\"></span>ociate<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e carried in t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement of financial po<span class=\"_ _0\"></span>sition at cos<span class=\"_ _0\"></span>t as adjust<span class=\"_ _8\"></span>ed for po<span class=\"_ _0\"></span>st-acqui<span class=\"_ _0\"></span>sition chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's shar<span class=\"_ _8\"></span>e of the net ass<span class=\"_ _0\"></span>ets of the equity inves<span class=\"_ _0\"></span>tee. The s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>t of compr<span class=\"_ _0\"></span>ehensive income r<span class=\"_ _8\"></span>eflects the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ults of oper<span class=\"_ _0\"></span>ations of the a<span class=\"_ _0\"></span>ssociat<span class=\"_ _8\"></span>e (net af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er tax). An<span class=\"_ _0\"></span>y ex<span class=\"_ _8\"></span>cess of t<span class=\"_ _0\"></span>he cost of acqui<span class=\"_ _0\"></span>sition ov<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup's shar<span class=\"_ _8\"></span>e of the net f<span class=\"_ _8\"></span>air value of the iden<span class=\"_ _0\"></span>tifiable as<span class=\"_ _0\"></span>sets, liabil<span class=\"_ _0\"></span>ities and contin<span class=\"_ _0\"></span>gent li<span class=\"_ _0\"></span>abilities of the joint v<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at the dat<span class=\"_ _8\"></span>e of acquisition is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed as goodwill. The goodwill i<span class=\"_ _0\"></span>s included within the c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount of t<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>tment and is a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssed f<span class=\"_ _8\"></span>or impairment a<span class=\"_ _0\"></span>s par<span class=\"_ _a\"></span>t of the inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ment. After application of t<span class=\"_ _0\"></span>he equity method the Gr<span class=\"_ _0\"></span>oup det<span class=\"_ _0\"></span>ermines whether it i<span class=\"_ _0\"></span>s neces<span class=\"_ _0\"></span>sar<span class=\"_ _a\"></span>y t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>e an additional impair<span class=\"_ _0\"></span>ment on the individual inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s. The Gr<span class=\"_ _0\"></span>oup determine<span class=\"_ _0\"></span>s if ther<span class=\"_ _8\"></span>e are indication<span class=\"_ _0\"></span>s of impairment, and if t<span class=\"_ _0\"></span>his is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e, the Gr<span class=\"_ _8\"></span>oup calculat<span class=\"_ _8\"></span>es the impairmen<span class=\"_ _0\"></span>t loss a<span class=\"_ _0\"></span>s the diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between the r<span class=\"_ _8\"></span>ecover<span class=\"_ _8\"></span>able amount of the join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e and it's carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g value.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__50": {
   "value": "Not<span class=\"_ _0\"></span>e 17 - Specification of fin<span class=\"_ _0\"></span>ancial income a<span class=\"_ _0\"></span>nd expen<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s Fina<span class=\"_ _0\"></span>ncial income<span class=\"_ _21b\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _21c\"> </span> 2022 <span class=\"_ _155\"> </span> 2021 Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t income fr<span class=\"_ _0\"></span>om bank deposits<span class=\"_ _21d\"> </span><span class=\"lsb9 ws205\">782<span class=\"_ _66\"> </span></span>560Other int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st income<span class=\"_ _21e\"> </span>8,459<span class=\"_ _77\"> </span>-2<span class=\"_ _0\"></span>41Finance lea<span class=\"_ _0\"></span>se inter<span class=\"_ _8\"></span>est income<span class=\"_ _76\"> </span>6<span class=\"_ _a\"></span>37<span class=\"_ _104\"> </span><span class=\"ls3 wsc8\">831</span>Other financial inc<span class=\"_ _0\"></span>ome<span class=\"_ _21f\"> </span>428<span class=\"_ _66\"> </span><span class=\"ls7d ws110\">8<span class=\"_ _a\"></span>96</span>To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1dc\"> </span>10,305<span class=\"_ _155\"> </span>2,046Other Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st Income In 2022 Include<span class=\"_ _0\"></span>s gain f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate deriv<span class=\"_ _0\"></span>atives of EUR 8.3<span class=\"_ _8\"></span>99 thou<span class=\"ws0\">-</span>sand. In 2021 t<span class=\"_ _0\"></span>hese g<span class=\"_ _0\"></span>ains wer<span class=\"_ _0\"></span>e EUR 1.404 thou<span class=\"_ _0\"></span>sand, r<span class=\"_ _0\"></span>educing Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s to fin<span class=\"_ _0\"></span>ancial Instit<span class=\"_ _0\"></span>utions.Fina<span class=\"_ _0\"></span>ncial expen<span class=\"_ _0\"></span>ses<span class=\"_ _220\"> </span>Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31(EUR 1,000)<span class=\"_ _21c\"> </span> 2022 <span class=\"_ _155\"> </span> 2021 Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _80\"> </span>5,658<span class=\"_ _6b\"> </span>1,553Other int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st expens<span class=\"_ _0\"></span>es<span class=\"_ _21e\"> </span>347<span class=\"_ _109\"> </span>-59Leas<span class=\"_ _0\"></span>e liability inter<span class=\"_ _0\"></span>est<span class=\"_ _221\"> </span>4,575<span class=\"_ _7a\"> </span>4,138Other financial e<span class=\"_ _8\"></span>xpenses<span class=\"_ _222\"> </span>2,453<span class=\"_ _108\"> </span>4,029To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _223\"> </span>13,033<span class=\"_ _155\"> </span>9,660",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__51": {
   "value": "Not<span class=\"_ _0\"></span>e 18 - Income taxIncome tax e<span class=\"_ _8\"></span>xpense(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Curren<span class=\"_ _0\"></span>t income taxCurr<span class=\"_ _0\"></span>ent income tax char<span class=\"_ _0\"></span>ge<span class=\"_ _21a\"> </span>13,214<span class=\"_ _109\"> </span>13,251Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of curr<span class=\"_ _0\"></span>ent income tax of pr<span class=\"_ _0\"></span>evious year <span class=\"_ _225\"> </span>-2,583<span class=\"_ _1fc\"> </span>-237Withholding tax<span class=\"_ _226\"> </span>2,337<span class=\"_ _6f\"> </span>1,625T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t income tax<span class=\"_ _21a\"> </span>12,968<span class=\"_ _df\"> </span>14,639Defer<span class=\"_ _0\"></span>red tax Rel<span class=\"_ _0\"></span>ating to origin<span class=\"_ _0\"></span>ation and rev<span class=\"_ _0\"></span>ersal of t<span class=\"_ _0\"></span>emporary differ<span class=\"_ _0\"></span>ences<span class=\"_ _16e\"> </span>-1,2<span class=\"_ _0\"></span>43<span class=\"_ _104\"> </span>1,340Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of chan<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o tax rat<span class=\"_ _0\"></span>e and deferr<span class=\"_ _8\"></span>ed tax of previous ye<span class=\"_ _0\"></span>ar<span class=\"_ _227\"> </span>463<span class=\"_ _11b\"> </span>-691T<span class=\"_ _1\"></span>otal deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _11f\"> </span>-7<span class=\"_ _0\"></span>80<span class=\"_ _c3\"> </span>649Income tax e<span class=\"_ _0\"></span>xpense r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ted i<span class=\"_ _0\"></span>n the stat<span class=\"_ _0\"></span>ement of profit or lo<span class=\"_ _0\"></span>ss<span class=\"_ _136\"> </span>12,188<span class=\"_ _53\"> </span>15,288P<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able tax(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Pa<span class=\"_ _0\"></span>yable tax opening b<span class=\"_ _0\"></span>alance<span class=\"_ _11c\"> </span>-2,616<span class=\"_ _d2\"> </span>482Curr<span class=\"_ _0\"></span>ent income tax<span class=\"_ _228\"> </span>12,968<span class=\"_ _da\"> </span>15,485T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>anslation<span class=\"_ _7d\"> </span>102<span class=\"_ _1f9\"> </span>538Net tax paid<span class=\"_ _1d3\"> </span>-13,638<span class=\"_ _4e\"> </span>-19,122Pa<span class=\"_ _0\"></span>yable tax clo<span class=\"_ _0\"></span>sing bala<span class=\"_ _0\"></span>nce<span class=\"_ _229\"> </span>-3,185<span class=\"_ _163\"> </span>-2,616Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>econciliation of tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Accountin<span class=\"_ _0\"></span>g profit bef<span class=\"_ _0\"></span>ore inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _22a\"> </span>46,407<span class=\"_ _4e\"> </span>45,5591)Expected tax at s<span class=\"_ _0\"></span>tatut<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y tax r<span class=\"_ _0\"></span>ate 11,138<span class=\"_ _77\"> </span>10,9<span class=\"_ _8\"></span>34Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of diff<span class=\"_ _0\"></span>erent loc<span class=\"_ _0\"></span>al tax rat<span class=\"_ _0\"></span>es<span class=\"_ _17f\"> </span>1,300<span class=\"_ _ef\"> </span>1,957Non-taxable income/<span class=\"_ _8\"></span>expen<span class=\"_ _0\"></span>ses<span class=\"_ _21a\"> </span> - <span class=\"_ _94\"> </span> - Shar<span class=\"_ _0\"></span>e of re<span class=\"_ _0\"></span>sults of joint ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es<span class=\"_ _22b\"> </span> -1,051 <span class=\"_ _75\"> </span> -858 Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of curr<span class=\"_ _0\"></span>ent income tax of pr<span class=\"_ _0\"></span>evious year<span class=\"_ _0\"></span>s <span class=\"_ _1fb\"> </span> -2,336 <span class=\"_ _66\"> </span> -223 Withholding tax, non-r<span class=\"_ _8\"></span>efundable<span class=\"_ _bb\"> </span> 2,337 <span class=\"_ _1af\"> </span> 1,625 Adjust<span class=\"_ _0\"></span>ments in r<span class=\"_ _0\"></span>espect of chan<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o tax rat<span class=\"_ _0\"></span>es and r<span class=\"_ _0\"></span>egulations<span class=\"_ _214\"> </span>564<span class=\"_ _ef\"> </span>-706Curr<span class=\"_ _0\"></span>ency transl<span class=\"_ _0\"></span>ation effect<span class=\"_ _0\"></span>s <span class=\"_ _22c\"> </span>-2,233<span class=\"_ _9f\"> </span>1,6<span class=\"_ _0\"></span>91Other diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s<span class=\"_ _4d\"> </span>2,468<span class=\"_ _a4\"> </span><span class=\"lsb2 ws1d2\">867</span>Income tax e<span class=\"_ _0\"></span>xpense at eff<span class=\"_ _0\"></span>ective income tax r<span class=\"_ _0\"></span>ate<span class=\"_ _22d\"> </span>12,188<span class=\"_ _53\"> </span>15,288Effectiv<span class=\"_ _0\"></span>e income tax r<span class=\"_ _0\"></span>ate<span class=\"_ _b2\"> </span>26.3 %<span class=\"_ _7a\"> </span>33.6 %1) The expect<span class=\"_ _0\"></span>ed tax at stat<span class=\"_ _0\"></span>utory tax rat<span class=\"_ _0\"></span>e of 24% (2<span class=\"_ _8\"></span>4% in 2021) is bas<span class=\"_ _0\"></span>ed on an estimat<span class=\"_ _0\"></span>e of where t<span class=\"_ _0\"></span>he Group tax<span class=\"_ _0\"></span>es its pr<span class=\"_ _8\"></span>ofits and the corre<span class=\"ws0\">-</span>sponding applic<span class=\"_ _0\"></span>able tax rat<span class=\"_ _0\"></span>es Chan<span class=\"_ _0\"></span>ge in def<span class=\"_ _8\"></span>erred tax on it<span class=\"_ _8\"></span>ems in Other Compr<span class=\"_ _0\"></span>ehensive Income/E<span class=\"_ _8\"></span>quity(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Reme<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ement gain/loss on act<span class=\"_ _0\"></span>uarial gains and loss<span class=\"_ _0\"></span>es<span class=\"_ _a1\"> </span><span class=\"lsb ws8c\">266<span class=\"_ _aa\"> </span></span>38Cash flow hedgin<span class=\"_ _0\"></span>g<span class=\"_ _21f\"> </span>-1,957<span class=\"_ _9f\"> </span>1,192E<span class=\"_ _0\"></span>quity transaction<span class=\"_ _0\"></span>s<span class=\"_ _21f\"> </span>-330<span class=\"_ _c6\"> </span>-522Chan<span class=\"_ _0\"></span>ge in deferr<span class=\"_ _8\"></span>ed tax on items in Other Compr<span class=\"_ _0\"></span>ehensive Income/E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y<span class=\"_ _22e\"> </span>-2,020<span class=\"_ _c3\"> </span><span class=\"ls5 wsd\">70<span class=\"_ _a\"></span>9</span>Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>Def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax(EUR 1,000)<span class=\"_ _224\"> </span>2022<span class=\"_ _ef\"> </span>2021Re<span class=\"_ _0\"></span>valuation of invent<span class=\"_ _0\"></span>ories<span class=\"_ _f3\"> </span>13,564<span class=\"_ _e7\"> </span>11,431Pa<span class=\"_ _0\"></span>yables/<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>eivables<span class=\"_ _4f\"> </span>13,977<span class=\"_ _66\"> </span>18,341Non-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets<span class=\"_ _10f\"> </span>-10,13<span class=\"_ _0\"></span>1<span class=\"_ _8e\"> </span>-8,258Fixed a<span class=\"_ _0\"></span>ssets depr<span class=\"_ _0\"></span>eciations<span class=\"_ _22f\"> </span>-8,592<span class=\"_ _163\"> </span>-7,649Liquid asset<span class=\"_ _0\"></span>s<span class=\"_ _230\"> </span>-14,302<span class=\"_ _73\"> </span>-13,090Los<span class=\"_ _0\"></span>ses av<span class=\"_ _0\"></span>ailable for off<span class=\"_ _8\"></span>setting against f<span class=\"_ _0\"></span>utur<span class=\"_ _0\"></span>e taxable income<span class=\"_ _21\"> </span>9,101<span class=\"_ _d8\"> </span>5,468Other diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s <span class=\"_ _231\"> </span>1,557<span class=\"_ _104\"> </span>3,910T<span class=\"_ _1\"></span>otal deferr<span class=\"_ _0\"></span>ed tax<span class=\"_ _56\"> </span>5,17<span class=\"_ _8\"></span>4<span class=\"_ _163\"> </span>10,153Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _232\"> </span>22,414<span class=\"_ _8e\"> </span>21,640Defer<span class=\"_ _0\"></span>red tax liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _219\"> </span>17,240<span class=\"_ _d4\"> </span>11,488Net defer<span class=\"_ _0\"></span>red ass<span class=\"_ _0\"></span>ets/liabilities<span class=\"_ _10e\"> </span>5,17<span class=\"_ _1\"></span>4<span class=\"_ _163\"> </span>10,153Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets ar<span class=\"_ _8\"></span>e evaluat<span class=\"_ _0\"></span>ed at each balance sheet d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and rec<span class=\"_ _0\"></span>ognized t<span class=\"_ _8\"></span>o the e<span class=\"_ _0\"></span>xten<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at it is pr<span class=\"_ _8\"></span>obable that s<span class=\"_ _0\"></span>ufficient taxable pr<span class=\"_ _0\"></span>ofit will be av<span class=\"_ _0\"></span>ailable t<span class=\"_ _0\"></span>o allow the benefit of p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>t or all of th<span class=\"_ _0\"></span>at def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax ass<span class=\"_ _0\"></span>et to be utiliz<span class=\"_ _8\"></span>ed.Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at the tax r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e expect<span class=\"_ _8\"></span>ed to apply in the period when t<span class=\"_ _0\"></span>he liability shall be sett<span class=\"_ _0\"></span>led or the as<span class=\"_ _0\"></span>set t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>ealized, ba<span class=\"_ _0\"></span>sed on tax r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s and la<span class=\"_ _0\"></span>ws th<span class=\"_ _0\"></span>at hav<span class=\"_ _0\"></span>e been enact<span class=\"_ _8\"></span>ed or substan<span class=\"_ _0\"></span>tively enact<span class=\"_ _8\"></span>ed at the balance s<span class=\"_ _0\"></span>heet dat<span class=\"_ _0\"></span>e.Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>R<span class=\"_ _0\"></span>econciliation of tax e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e(EUR 1,000)After 2025<span class=\"_ _52\"> </span>Indefinit<span class=\"_ _0\"></span>e<span class=\"_ _108\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>United St<span class=\"_ _0\"></span>ates<span class=\"_ _233\"> </span>-<span class=\"_ _ac\"> </span>816 <span class=\"_ _d2\"> </span>816 United Kin<span class=\"_ _0\"></span>gdom<span class=\"_ _21b\"> </span> - <span class=\"_ _73\"> </span> 10,328 <span class=\"_ _69\"> </span> 10,328 India<span class=\"_ _1e3\"> </span>871 <span class=\"_ _94\"> </span> - <span class=\"_ _a0\"> </span>871 Norway<span class=\"_ _234\"> </span> - <span class=\"_ _108\"> </span> 27,646 <span class=\"_ _73\"> </span> 27,646 Other<span class=\"_ _235\"> </span> - <span class=\"_ _71\"> </span>87<span class=\"_ _a\"></span>9 <span class=\"_ _71\"> </span>879<span class=\"_ _a\"></span> To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _4a\"> </span>871<span class=\"_ _6b\"> </span>39<span class=\"_ _a\"></span>,<span class=\"_ _a\"></span>670<span class=\"_ _df\"> </span><span class=\"ls0 ws0\">40,541</span>Not<span class=\"_ _0\"></span>e 18 - Income tax <span class=\"fc3\">con<span class=\"_ _0\"></span>tinued</span>T<span class=\"_ _1\"></span>ax los<span class=\"_ _0\"></span>ses c<span class=\"_ _0\"></span>arried f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>d of EUR 18,161 t<span class=\"_ _0\"></span>housand ar<span class=\"_ _8\"></span>e not rec<span class=\"_ _0\"></span>ognized a<span class=\"_ _0\"></span>s a basi<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or calcul<span class=\"_ _0\"></span>ating unus<span class=\"_ _0\"></span>ed tax loss<span class=\"_ _0\"></span>es car<span class=\"_ _0\"></span>ried forwar<span class=\"_ _8\"></span>d in net deferr<span class=\"_ _8\"></span>ed asset<span class=\"_ _0\"></span>s/liabilities. The amount no<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ognized is m<span class=\"_ _0\"></span>ainly r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he Unit<span class=\"_ _0\"></span>ed Kingdom.In tax dis<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>es, the Gr<span class=\"_ _8\"></span>oup accounts f<span class=\"_ _8\"></span>or tax costs ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o decisions m<span class=\"_ _0\"></span>ade by local t<span class=\"_ _0\"></span>ax authoritie<span class=\"_ _0\"></span>s, or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sequent tax r<span class=\"_ _0\"></span>ulings in t<span class=\"_ _0\"></span>he actual ca<span class=\"_ _0\"></span>se, or simil<span class=\"_ _0\"></span>ar case<span class=\"_ _0\"></span>s. A dividend dis<span class=\"_ _0\"></span>tribution f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om Elopak Sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s AG t<span class=\"_ _8\"></span>o Elopak ASA, f<span class=\"_ _0\"></span>ormerly Elopak AS, in 2011 and 2014 wa<span class=\"_ _0\"></span>s deemed to be t<span class=\"_ _0\"></span>axable income f<span class=\"_ _0\"></span>or Elopak ASA in a decision b<span class=\"_ _0\"></span>y Nor<span class=\"_ _a\"></span>wegian t<span class=\"_ _0\"></span>ax office in 2017. The f<span class=\"_ _0\"></span>ull tax co<span class=\"_ _0\"></span>st of NOK 6<span class=\"_ _8\"></span>9,600 thousand w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and paid in accor<span class=\"_ _8\"></span>dance with the rulin<span class=\"_ _0\"></span>g at th<span class=\"_ _0\"></span>at time. A subs<span class=\"_ _0\"></span>equent appeal t<span class=\"_ _0\"></span>o the tax t<span class=\"_ _0\"></span>ribunal r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ulted in a r<span class=\"_ _0\"></span>uling on June 16, 2021 supporting the 2017 c<span class=\"_ _0\"></span>onclusion f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the tax office. The comp<span class=\"_ _0\"></span>any doe<span class=\"_ _0\"></span>s not agr<span class=\"_ _8\"></span>ee with the rulin<span class=\"_ _0\"></span>g and ha<span class=\"_ _0\"></span>s initiat<span class=\"_ _0\"></span>ed an appeal thr<span class=\"_ _0\"></span>ough the courts in Nor<span class=\"_ _a\"></span>wa<span class=\"_ _0\"></span>y.Wher<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>er pricing adjust<span class=\"_ _0\"></span>ments h<span class=\"_ _0\"></span>ave been m<span class=\"_ _0\"></span>ade, mutual a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>e (MAP) between the a<span class=\"_ _0\"></span>ffect<span class=\"_ _8\"></span>ed countries ar<span class=\"_ _8\"></span>e normally a<span class=\"_ _0\"></span>vailable. A s<span class=\"_ _0\"></span>ucces<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>ul MAP proc<span class=\"_ _0\"></span>edure a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>ended in the double tax t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eaties between coun<span class=\"_ _0\"></span>tries, would r<span class=\"_ _8\"></span>esult in a cor<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g tax adjust<span class=\"_ _0\"></span>ment in a Gr<span class=\"_ _0\"></span>oup compan<span class=\"_ _0\"></span>y<span class=\"_ _8\"></span>, thus r<span class=\"_ _0\"></span>emovin<span class=\"_ _0\"></span>g the tax co<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>or the Gr<span class=\"_ _0\"></span>oup. Wher<span class=\"_ _8\"></span>e a MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s is av<span class=\"_ _0\"></span>ailable, the Gr<span class=\"_ _8\"></span>oup reco<span class=\"_ _0\"></span>gnize<span class=\"_ _0\"></span>s tax cos<span class=\"_ _0\"></span>ts accor<span class=\"_ _0\"></span>ding t<span class=\"_ _8\"></span>o the prob<span class=\"_ _0\"></span>ability of the out<span class=\"_ _0\"></span>come of the MAP pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s. If tax authoritie<span class=\"_ _0\"></span>s within the EU do not a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ee, tax pay<span class=\"_ _0\"></span>ers h<span class=\"_ _0\"></span>ave the right t<span class=\"_ _8\"></span>o demand arbitr<span class=\"_ _8\"></span>ation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__53": {
   "value": "Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ationsOn 15 July 2022 Elopak and P<span class=\"_ _8\"></span>ackaging M<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t and Inves<span class=\"_ _0\"></span>ting LL<span class=\"_ _8\"></span>C, a compan<span class=\"_ _0\"></span>y beneficially owned by m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement of JSC Elopak, h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eached an agr<span class=\"_ _0\"></span>eement (the \u201c<span class=\"_ _0\"></span>SP<span class=\"_ _1\"></span>A<span class=\"_ _8\"></span>\u201d) f<span class=\"_ _0\"></span>or the sale and pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se of all of Elopak\u2019<span class=\"_ _f\"></span>s shar<span class=\"_ _0\"></span>es in JS<span class=\"_ _0\"></span>C Elopak. This r<span class=\"_ _8\"></span>epre<span class=\"_ _0\"></span>sents a f<span class=\"_ _8\"></span>ull divest<span class=\"_ _0\"></span>ment by Elopak f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om its e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g R<span class=\"_ _0\"></span>ussian oper<span class=\"_ _8\"></span>ations.T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>er of shar<span class=\"_ _8\"></span>es in JSC Elopak will t<span class=\"_ _0\"></span>ake pl<span class=\"_ _0\"></span>ace under completion of the t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>saction after appr<span class=\"_ _0\"></span>oval f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om the R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an Governmen<span class=\"_ _0\"></span>t. Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, the ter<span class=\"_ _0\"></span>ms of the SP<span class=\"_ _1\"></span>A implies t<span class=\"_ _0\"></span>hat Elopak lost c<span class=\"_ _0\"></span>ontr<span class=\"_ _8\"></span>ol of JSC Elopak on the dat<span class=\"_ _8\"></span>e it was signed, hence t<span class=\"_ _0\"></span>he entity is no long<span class=\"_ _0\"></span>er consoli<span class=\"ws0\">-</span>dat<span class=\"_ _8\"></span>ed in the Elopak Gr<span class=\"_ _0\"></span>oup Financial s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>ts. F<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g fr<span class=\"_ _8\"></span>om deconsolid<span class=\"_ _0\"></span>ation, the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s of JSC Elopak ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnized at f<span class=\"_ _8\"></span>air value meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed as the net pr<span class=\"_ _8\"></span>esent v<span class=\"_ _0\"></span>alue of the agr<span class=\"_ _8\"></span>eed pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price, adjus<span class=\"_ _0\"></span>ted f<span class=\"_ _8\"></span>or risk<span class=\"_ _0\"></span>s of not r<span class=\"_ _0\"></span>eceiving t<span class=\"_ _0\"></span>he payment<span class=\"_ _0\"></span>s. The pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price is pa<span class=\"_ _0\"></span>yable in five annual ins<span class=\"_ _0\"></span>talments, t<span class=\"_ _0\"></span>he firs<span class=\"_ _0\"></span>t of which becomes due shortly af<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>er completion of the tr<span class=\"_ _8\"></span>ansaction. In addition t<span class=\"_ _0\"></span>o the pay<span class=\"_ _0\"></span>ments, Elopak h<span class=\"_ _0\"></span>as the op<span class=\"_ _0\"></span>tion to buy back t<span class=\"_ _0\"></span>he shar<span class=\"_ _8\"></span>es of JSC Elopak. The pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price in the buy-b<span class=\"_ _0\"></span>ack option will be the price in t<span class=\"_ _0\"></span>he SP<span class=\"_ _1\"></span>A adjust<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or inflation, inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ments, cape<span class=\"_ _8\"></span>x, working c<span class=\"_ _0\"></span>apital and net debt in the int<span class=\"_ _8\"></span>ermediate period, and Elopak is t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e not expo<span class=\"_ _0\"></span>sed f<span class=\"_ _8\"></span>or variable r<span class=\"_ _0\"></span>eturn<span class=\"_ _0\"></span>s in this period. As of Dec<span class=\"_ _0\"></span>ember 2022, the buy-back option i<span class=\"_ _0\"></span>s consider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o hav<span class=\"_ _0\"></span>e a f<span class=\"_ _0\"></span>air value clo<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>o zer<span class=\"_ _8\"></span>o. As per December 31, 2<span class=\"_ _0\"></span>022 the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in JSC Elop<span class=\"_ _0\"></span>ak are me<span class=\"_ _0\"></span>asur<span class=\"_ _8\"></span>ed at EUR 4,829 thousand and t<span class=\"_ _0\"></span>he nominal value of t<span class=\"_ _0\"></span>he agr<span class=\"_ _8\"></span>eed purch<span class=\"_ _0\"></span>ase price i<span class=\"_ _0\"></span>s EUR 12,534 thou<span class=\"_ _0\"></span>sand (R<span class=\"_ _0\"></span>UR 9<span class=\"_ _1\"></span>48,339 t<span class=\"_ _0\"></span>housand).The compar<span class=\"_ _8\"></span>ative consolid<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ement of compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome profit or <span class=\"_ _0\"></span>loss wit<span class=\"_ _0\"></span>h note<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve been r<span class=\"_ _8\"></span>e-pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o show the di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _8\"></span>ation separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om continuing oper<span class=\"_ _0\"></span>ations. Until all activitie<span class=\"_ _0\"></span>s in Ru<span class=\"_ _0\"></span>ssia wer<span class=\"_ _8\"></span>e suspended in M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2022, the R<span class=\"_ _8\"></span>ussian entity pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>sed r<span class=\"_ _0\"></span>aw m<span class=\"_ _0\"></span>aterial<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om other entitie<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oup, as well a<span class=\"_ _0\"></span>s gener<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>ome minor r<span class=\"_ _0\"></span>evenue. Alt<span class=\"_ _0\"></span>hough intr<span class=\"_ _0\"></span>a-gr<span class=\"_ _8\"></span>oup tran<span class=\"_ _0\"></span>sactions h<span class=\"_ _0\"></span>ave been f<span class=\"_ _8\"></span>ully eliminat<span class=\"_ _0\"></span>ed in the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed financial s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ements, m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t has elect<span class=\"_ _8\"></span>ed to attribut<span class=\"_ _8\"></span>e the elimination of tr<span class=\"_ _8\"></span>ansactions between the c<span class=\"_ _0\"></span>ontinued and dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ation to t<span class=\"_ _0\"></span>he continuin<span class=\"_ _0\"></span>g operation. Thi<span class=\"_ _0\"></span>s is t<span class=\"_ _8\"></span>o r<span class=\"_ _0\"></span>eflect th<span class=\"_ _0\"></span>at the Gr<span class=\"_ _0\"></span>oup does not in<span class=\"_ _0\"></span>tend t<span class=\"_ _8\"></span>o continue similar tr<span class=\"_ _8\"></span>ansactions with R<span class=\"_ _8\"></span>ussia, s<span class=\"_ _0\"></span>ubse<span class=\"ws0\">-</span>quent t<span class=\"_ _0\"></span>o the di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al.Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ations <span class=\"fc3\">continued</span>As per dat<span class=\"_ _8\"></span>e of loss of cont<span class=\"_ _0\"></span>rol, t<span class=\"_ _8\"></span>otal impairment in 2<span class=\"_ _0\"></span>022 rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to JS<span class=\"_ _0\"></span>C Elopak was EUR 2<span class=\"_ _0\"></span>0,282 thou<span class=\"_ _0\"></span>sand eff<span class=\"_ _0\"></span>ecting the fin<span class=\"_ _0\"></span>ancial position and EUR 9,2<span class=\"_ _0\"></span>01 thous<span class=\"_ _0\"></span>and eff<span class=\"_ _0\"></span>ecting compr<span class=\"_ _8\"></span>ehensive income, the diff<span class=\"_ _8\"></span>erenc<span class=\"_ _0\"></span>e is due t<span class=\"_ _0\"></span>o fx varianc<span class=\"_ _0\"></span>es. L<span class=\"_ _0\"></span>oss on s<span class=\"_ _0\"></span>ale of discon<span class=\"_ _0\"></span>tinued operation<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>eflects accumul<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>slation diff<span class=\"_ _8\"></span>erence<span class=\"_ _0\"></span>s of EUR -7,086 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>ecycled f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om equity to pr<span class=\"_ _8\"></span>ofit or los<span class=\"_ _0\"></span>s and the net of decons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed equity<span class=\"_ _0\"></span>, r<span class=\"_ _0\"></span>edemption of loans f<span class=\"_ _8\"></span>rom con<span class=\"_ _0\"></span>tinuing oper<span class=\"_ _8\"></span>ations to dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ations and f<span class=\"_ _8\"></span>air value of the JSC Elopak s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es. The f<span class=\"_ _8\"></span>air value of JSC Elopak shar<span class=\"_ _8\"></span>es i<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s Other curr<span class=\"_ _8\"></span>ent as<span class=\"_ _0\"></span>sets in t<span class=\"_ _0\"></span>he consolid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of fin<span class=\"_ _0\"></span>ancial position.In December<span class=\"_ _8\"></span>, 2022 the buy<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>eceived an inf<span class=\"_ _8\"></span>ormal appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>al fr<span class=\"_ _8\"></span>om the R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an Governmen<span class=\"_ _0\"></span>t and the tr<span class=\"_ _8\"></span>ansaction wa<span class=\"_ _0\"></span>s complet<span class=\"_ _0\"></span>ed in F<span class=\"_ _0\"></span>ebruar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span>, 2023. See not<span class=\"_ _8\"></span>e 33 Subsequent e<span class=\"_ _0\"></span>vents f<span class=\"_ _8\"></span>or f<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>ther inf<span class=\"_ _8\"></span>ormation.Not<span class=\"_ _0\"></span>e 19 - Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _8\"></span>ations <span class=\"fc3\">continued</span>Dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ationY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended <span class=\"_ _1b\"></span> Y<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended December 31 December 31(EUR 1,000)<span class=\"_ _236\"> </span>2022<span class=\"_ _159\"> </span>2021Re<span class=\"_ _0\"></span>venues<span class=\"_ _1e3\"> </span>18,184<span class=\"_ _13e\"> </span>84,984T<span class=\"_ _1\"></span>otal income<span class=\"_ _22f\"> </span>18,184<span class=\"_ _237\"> </span>84,984Cost of m<span class=\"_ _0\"></span>aterials <span class=\"_ _de\"> </span>-15,197<span class=\"_ _238\"> </span>-6<span class=\"_ _0\"></span>9,789Pa<span class=\"_ _0\"></span>yroll e<span class=\"_ _0\"></span>xpenses<span class=\"_ _233\"> </span>-2,3<span class=\"_ _0\"></span>11<span class=\"_ _239\"> </span>-4,864Depreci<span class=\"_ _0\"></span>ation, amor<span class=\"_ _a\"></span>tisation and imp<span class=\"_ _0\"></span>airment<span class=\"_ _20e\"> </span>-9,921<span class=\"_ _23a\"> </span>-2,354Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _23b\"> </span>-1,034<span class=\"_ _23c\"> </span>-3,125T<span class=\"_ _1\"></span>otal operatin<span class=\"_ _0\"></span>g expens<span class=\"_ _0\"></span>es<span class=\"_ _1f4\"> </span>-28,463<span class=\"_ _23d\"> </span>-80,132Operatin<span class=\"_ _0\"></span>g profit<span class=\"_ _23e\"> </span>-10,27<span class=\"_ _0\"></span>8<span class=\"_ _1d7\"> </span>4,852Net financial income <span class=\"_ _220\"> </span>-2,452<span class=\"_ _159\"> </span>-429Pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _0\"></span>e tax<span class=\"_ _21b\"> </span>-12,7<span class=\"_ _0\"></span>30<span class=\"_ _95\"> </span>4,423Income tax<span class=\"_ _23f\"> </span><span class=\"ls7d ws110\">-7<span class=\"_ _a\"></span>97<span class=\"_ _db\"> </span></span>-885Re<span class=\"_ _0\"></span>sults f<span class=\"_ _0\"></span>rom dis<span class=\"_ _0\"></span>continued oper<span class=\"_ _0\"></span>ations, net of tax<span class=\"_ _170\"> </span>-13,527<span class=\"_ _95\"> </span>3,538Los<span class=\"_ _0\"></span>s on sale of discon<span class=\"_ _0\"></span>tinued operations <span class=\"_ _240\"> </span>-10,095<span class=\"_ _241\"> </span>-Income tax on gain on salePr<span class=\"_ _0\"></span>ofit<span class=\"_ _a\"></span>/loss f<span class=\"_ _0\"></span>rom di<span class=\"_ _0\"></span>scontinued oper<span class=\"_ _0\"></span>ations<span class=\"_ _188\"> </span>-23,622<span class=\"_ _1d7\"> </span>3,538Net cash flow f<span class=\"_ _8\"></span>rom oper<span class=\"_ _0\"></span>ating activities<span class=\"_ _178\"> </span> 1,834 <span class=\"_ _242\"> </span>15,03<span class=\"_ _0\"></span>9Net cash flow f<span class=\"_ _8\"></span>rom inves<span class=\"_ _0\"></span>ting activities<span class=\"_ _dd\"> </span> - <span class=\"_ _13e\"> </span>-1,470Net cash flow f<span class=\"_ _8\"></span>rom financin<span class=\"_ _0\"></span>g activities<span class=\"_ _243\"> </span>-186<span class=\"_ _23c\"> </span>-6,821F<span class=\"_ _0\"></span>oreign cur<span class=\"_ _0\"></span>rency tr<span class=\"_ _0\"></span>anslations<span class=\"_ _244\"> </span>635<span class=\"_ _1b8\"> </span><span class=\"ls8d ws14c\">109</span>Net chan<span class=\"_ _0\"></span>ge in cash and c<span class=\"_ _0\"></span>ash equivalen<span class=\"_ _0\"></span>ts<span class=\"_ _97\"> </span>2,283<span class=\"_ _95\"> </span>6,858",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__54": {
   "value": "Not<span class=\"_ _0\"></span>e 20- E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholders i<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>ormationAs of December 3<span class=\"_ _0\"></span>1, 2022, the sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e capital i<span class=\"_ _0\"></span>s NOK 37<span class=\"_ _1\"></span>6,906,6<span class=\"_ _0\"></span>20 (EUR 50,155,321) and the t<span class=\"_ _0\"></span>otal number of shar<span class=\"_ _8\"></span>es outs<span class=\"_ _0\"></span>tanding f<span class=\"_ _8\"></span>or Elopak ASA is 26<span class=\"_ _8\"></span>9,219,014, each with a f<span class=\"_ _8\"></span>ace value of NOK 1.4 (EUR 0.19). All shar<span class=\"_ _8\"></span>es ha<span class=\"_ _0\"></span>ve equal v<span class=\"_ _0\"></span>oting rights and all aut<span class=\"_ _0\"></span>horis<span class=\"_ _0\"></span>ed shar<span class=\"_ _8\"></span>es ar<span class=\"_ _0\"></span>e iss<span class=\"_ _0\"></span>ued and fully p<span class=\"_ _0\"></span>aid.T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es / Sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed bonus:The pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>sion for <span class=\"_ _0\"></span>shar<span class=\"_ _8\"></span>e based bonus per <span class=\"_ _0\"></span>December 31, 2021 w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e settled in t<span class=\"_ _0\"></span>he second quarter of 2022 thr<span class=\"_ _8\"></span>ough shar<span class=\"_ _8\"></span>es bought in the m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et and sold t<span class=\"_ _8\"></span>o members of the M<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t. The pr<span class=\"_ _0\"></span>ovision of EUR 330 t<span class=\"_ _0\"></span>housand in ot<span class=\"_ _0\"></span>her paid-in capital w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ever<span class=\"_ _8\"></span>sed. As par<span class=\"_ _a\"></span>t of the sett<span class=\"_ _0\"></span>lement, Elopak r<span class=\"_ _8\"></span>epurch<span class=\"_ _0\"></span>ased 17<span class=\"_ _8\"></span>0,000 shar<span class=\"_ _0\"></span>es, and s<span class=\"_ _0\"></span>ettled the s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-bas<span class=\"_ _0\"></span>ed bonus with 164,481 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es. As of December 3<span class=\"_ _0\"></span>1, 2022, the bal<span class=\"_ _0\"></span>ance of tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y shar<span class=\"_ _8\"></span>es is 5,519. The tr<span class=\"_ _8\"></span>easur<span class=\"_ _a\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e capital is EUR 1 t<span class=\"_ _0\"></span>housand and t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>emium is EUR 8 thou<span class=\"_ _0\"></span>sand. The new incen<span class=\"_ _0\"></span>tive pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>am (see Not<span class=\"_ _8\"></span>e 8 for detail<span class=\"_ _0\"></span>s) r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent<span class=\"_ _0\"></span>s pot<span class=\"_ _0\"></span>ential additional sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es which could be dilutiv<span class=\"_ _0\"></span>e.Dividend:The Boar<span class=\"_ _0\"></span>d appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed a dividend of NOK 0.75 per shar<span class=\"_ _8\"></span>e for t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear 2021 on Ma<span class=\"_ _0\"></span>y 19, 2022. The dividend pa<span class=\"_ _0\"></span>yment wa<span class=\"_ _0\"></span>s EUR 19,623 thous<span class=\"_ _0\"></span>and bas<span class=\"_ _0\"></span>ed on 26<span class=\"_ _8\"></span>9 219 014 outstandin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es, of which EUR 11,7<span class=\"_ _f\"></span>40 thousand w<span class=\"_ _0\"></span>as paid t<span class=\"_ _8\"></span>o Fer<span class=\"_ _8\"></span>d AS. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s will pr<span class=\"_ _0\"></span>opos<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o the Annual gener<span class=\"_ _8\"></span>al Meeting a dividend of NOK 0.86 per shar<span class=\"_ _8\"></span>e for 2<span class=\"_ _0\"></span>022. Not<span class=\"_ _0\"></span>e 20 \u2013 E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholder inf<span class=\"_ _8\"></span>ormation <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Shar<span class=\"_ _8\"></span>e capitalNumber of shar<span class=\"_ _0\"></span>es2022<span class=\"_ _248\"> </span>Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sha<span class=\"_ _0\"></span>res is<span class=\"_ _0\"></span>sued<span class=\"_ _11\"> </span>T<span class=\"_ _8\"></span>reasury shares<span class=\"_ _84\"> </span><span class=\"ls0 ws0\">Or<span class=\"_ _0\"></span>dinary share<span class=\"_ _0\"></span>s outstandin<span class=\"_ _0\"></span>g</span>Shar<span class=\"_ _0\"></span>es at 1.1<span class=\"_ _c9\"> </span>2<span class=\"_ _0\"></span>69,219,014<span class=\"_ _115\"> </span>-<span class=\"_ _249\"> </span>26<span class=\"_ _0\"></span>9,219,014T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es purch<span class=\"_ _0\"></span>ased<span class=\"_ _24a\"> </span>-<span class=\"_ _194\"> </span>-17<span class=\"_ _0\"></span>0,000<span class=\"_ _152\"> </span>-170,000T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es re-i<span class=\"_ _0\"></span>ssued<span class=\"_ _218\"> </span>-<span class=\"_ _7a\"> </span>164,481<span class=\"_ _24b\"> </span>164,481Shar<span class=\"_ _0\"></span>es at 31.12<span class=\"_ _c0\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _d8\"> </span>5,519<span class=\"_ _db\"> </span>26<span class=\"_ _8\"></span>9,213,4952021<span class=\"_ _24c\"> </span>Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sha<span class=\"_ _0\"></span>res is<span class=\"_ _0\"></span>sued<span class=\"_ _11\"> </span>T<span class=\"_ _1\"></span>reasury shares<span class=\"_ _49\"> </span><span class=\"ls0 ws0\">Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y shar<span class=\"_ _0\"></span>es outst<span class=\"_ _0\"></span>anding</span>Shar<span class=\"_ _0\"></span>es at 1.1<span class=\"_ _99\"> </span>5,012,707<span class=\"_ _115\"> </span>-<span class=\"_ _1b8\"> </span>5,012,7<span class=\"_ _0\"></span>07Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued for sh<span class=\"_ _0\"></span>are-ba<span class=\"_ _0\"></span>sed bonus<span class=\"_ _92\"> </span>8,959<span class=\"_ _115\"> </span>-<span class=\"_ _24d\"> </span>8,959Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued in stock s<span class=\"_ _0\"></span>plit<span class=\"_ _24e\"> </span>2<span class=\"_ _0\"></span>46,061,634<span class=\"_ _115\"> </span>-<span class=\"_ _24f\"> </span>2<span class=\"_ _0\"></span>46,061,634Shar<span class=\"_ _0\"></span>es is<span class=\"_ _0\"></span>sued in IPO<span class=\"_ _18e\"> </span>18,135,714<span class=\"_ _115\"> </span>-<span class=\"_ _1c9\"> </span>18,135,714T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es purch<span class=\"_ _0\"></span>ased<span class=\"_ _250\"> </span>-<span class=\"_ _12a\"> </span>-422,772<span class=\"_ _d6\"> </span>-422,772T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>easury shar<span class=\"_ _0\"></span>es re-i<span class=\"_ _0\"></span>ssued<span class=\"_ _214\"> </span>-<span class=\"_ _73\"> </span>422,772<span class=\"_ _251\"> </span>422,772Shar<span class=\"_ _0\"></span>es at 31.12<span class=\"_ _252\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _1b2\"> </span> - <span class=\"_ _8f\"> </span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9,219,014Basic and dilut<span class=\"_ _8\"></span>ed earnings per sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended 31 Dec(EUR 1,000, ex<span class=\"_ _0\"></span>cept number of shar<span class=\"_ _8\"></span>es)<span class=\"_ _245\"> </span>2022<span class=\"_ _df\"> </span>2021Pr<span class=\"_ _0\"></span>ofit attributable t<span class=\"_ _0\"></span>o Elopak shar<span class=\"_ _0\"></span>eholders<span class=\"_ _246\"> </span>10,856<span class=\"_ _194\"> </span>33,809Iss<span class=\"_ _0\"></span>ued ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y shar<span class=\"_ _0\"></span>es at beginning of period, adju<span class=\"_ _0\"></span>sted f<span class=\"_ _0\"></span>or shar<span class=\"_ _0\"></span>e split in the period<span class=\"_ _247\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _13d\"> </span>250,635,350Effect of s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s issued<span class=\"_ _101\"> </span>-3,024<span class=\"_ _ed\"> </span>10,150,955W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed-aver<span class=\"_ _0\"></span>age number of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sh<span class=\"_ _0\"></span>ares in t<span class=\"_ _0\"></span>he period<span class=\"_ _1ca\"> </span>26<span class=\"_ _8\"></span>9,215,990<span class=\"_ _137\"> </span>260,7<span class=\"_ _0\"></span>86,305Basic and dilut<span class=\"_ _0\"></span>ed earnings per sh<span class=\"_ _0\"></span>are (in EU<span class=\"_ _0\"></span>R)<span class=\"_ _1f4\"> </span>0.04<span class=\"_ _163\"> </span>0.13Not<span class=\"_ _0\"></span>e 20 \u2013 E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholder inf<span class=\"_ _8\"></span>ormation <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The Gr<span class=\"_ _0\"></span>oup's top 20 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>eholdersShar<span class=\"_ _0\"></span>eholder's name<span class=\"_ _1aa\"> </span>T<span class=\"_ _1\"></span>otal sha<span class=\"_ _0\"></span>reholdingF<span class=\"_ _0\"></span>erd As<span class=\"_ _253\"> </span>59.83 %Nippon Paper Indu<span class=\"_ _0\"></span>stries Co., L<span class=\"_ _0\"></span>td.<span class=\"_ _254\"> </span>5.00 %Artemis Inve<span class=\"_ _0\"></span>stment Man<span class=\"_ _0\"></span>agement Llp<span class=\"_ _255\"> </span>3.37 %F<span class=\"_ _0\"></span>olketrygdf<span class=\"_ _0\"></span>ondet<span class=\"_ _256\"> </span>3.30 %Morgan St<span class=\"_ _0\"></span>anley Eur<span class=\"_ _0\"></span>ope SE<span class=\"_ _257\"> </span>2.73 %Par<span class=\"_ _8\"></span>eto Asset Man<span class=\"_ _0\"></span>agement As<span class=\"_ _258\"> </span>1.87 %Handelsbank<span class=\"_ _8\"></span>en Fonder Ab<span class=\"_ _257\"> </span>1.2<span class=\"_ _0\"></span>4 %Dnb Asset M<span class=\"_ _0\"></span>anagement As<span class=\"_ _257\"> </span>1.01 %Pictet As<span class=\"_ _0\"></span>set Manag<span class=\"_ _0\"></span>ement Sa<span class=\"_ _1cd\"> </span>1.01 %Skagen As (Inv<span class=\"_ _0\"></span>estment M<span class=\"_ _0\"></span>anagement)<span class=\"_ _255\"> </span>0.79 %Fil Inves<span class=\"_ _0\"></span>tment Advis<span class=\"_ _0\"></span>ors (Uk) Lt<span class=\"_ _0\"></span>d.<span class=\"_ _259\"> </span>0.6<span class=\"_ _0\"></span>9 %Oddo BHF Asset M<span class=\"_ _0\"></span>anagement SAS<span class=\"_ _1d0\"> </span>0.66 %Arctic F<span class=\"_ _8\"></span>und Management As<span class=\"_ _1bf\"> </span>0.64 %F<span class=\"_ _0\"></span>ondsfinans K<span class=\"_ _0\"></span>apitalforvaltnin<span class=\"_ _0\"></span>g As<span class=\"_ _102\"> </span>0.58 %F<span class=\"_ _0\"></span>orsvar<span class=\"_ _8\"></span>ets Pers<span class=\"_ _0\"></span>onellservice<span class=\"_ _25a\"> </span>0.57 %T<span class=\"_ _8\"></span>.D. V<span class=\"_ _0\"></span>een As<span class=\"_ _1eb\"> </span>0.55 %Ubs Ass<span class=\"_ _0\"></span>et Managemen<span class=\"_ _0\"></span>t Switzerland Ag<span class=\"_ _21f\"> </span>0.48 %Mfs In<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ational (Uk) Lt<span class=\"_ _0\"></span>d.<span class=\"_ _25b\"> </span>0.46 %Sp-Fund M<span class=\"_ _0\"></span>anagement Co. L<span class=\"_ _0\"></span>td.<span class=\"_ _25c\"> </span>0.44 %W<span class=\"_ _0\"></span>enaas<span class=\"_ _0\"></span>gruppen As<span class=\"_ _25d\"> </span>0.34 %The Ex<span class=\"_ _0\"></span>ecutive t<span class=\"_ _8\"></span>eam own direct<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>, or indir<span class=\"_ _0\"></span>ectly the f<span class=\"_ _8\"></span>ollowing number of sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in the Gr<span class=\"_ _0\"></span>oupExec<span class=\"_ _0\"></span>utive tea<span class=\"_ _0\"></span>m<span class=\"_ _254\"> </span>T<span class=\"_ _1\"></span>otal number of sha<span class=\"_ _0\"></span>resThomas K<span class=\"_ _8\"></span>\u00f6rmendi, CEO<span class=\"_ _223\"> </span>36<span class=\"_ _8\"></span>1,515 Bent Ax<span class=\"_ _0\"></span>elsen, CFO<span class=\"_ _25e\"> </span>191,57<span class=\"_ _8\"></span>6 Pat<span class=\"_ _0\"></span>rick V<span class=\"_ _0\"></span>erhelst, CMO<span class=\"_ _17e\"> </span> 61,562 W<span class=\"_ _0\"></span>olf<span class=\"_ _0\"></span>gang Buckhr<span class=\"_ _0\"></span>emer<span class=\"_ _0\"></span>, CT<span class=\"_ _8\"></span>O<span class=\"_ _f4\"> </span> 68,148 Ivar Jevne, EVP MPS &amp; P<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>asing<span class=\"_ _254\"> </span>227,411 Stephen N<span class=\"_ _0\"></span>aumann, EVP R<span class=\"_ _0\"></span>egion Eur<span class=\"_ _0\"></span>ope Nor<span class=\"_ _a\"></span>th &amp; CIS<span class=\"_ _25f\"> </span>180,495 Finn T<span class=\"_ _1\"></span>\u00f8rjesen, EVP R<span class=\"_ _0\"></span>egion Eur<span class=\"_ _0\"></span>ope South &amp; new mark<span class=\"_ _8\"></span>ets<span class=\"_ _e5\"> </span> 6<span class=\"_ _0\"></span>9,171 Lionel Ettedg<span class=\"_ _0\"></span>ui, Mark<span class=\"_ _0\"></span>et Area Dir<span class=\"_ _0\"></span>ector - North Af<span class=\"_ _0\"></span>rica<span class=\"_ _1f2\"> </span> 78,099 Nete Bechm<span class=\"_ _0\"></span>ann, Chief Human R<span class=\"_ _0\"></span>esour<span class=\"_ _0\"></span>ce Officer <span class=\"_ _260\"> </span> 2<span class=\"_ _0\"></span>4,07<span class=\"_ _0\"></span>0 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _261\"> </span><span class=\"ls0 ws0\">1,262,047</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__55": {
   "value": "Dividend:The Boar<span class=\"_ _0\"></span>d appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed a dividend of NOK 0.75 per shar<span class=\"_ _8\"></span>e for t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear 2021 on Ma<span class=\"_ _0\"></span>y 19, 2022. The dividend pa<span class=\"_ _0\"></span>yment wa<span class=\"_ _0\"></span>s EUR 19,623 thous<span class=\"_ _0\"></span>and bas<span class=\"_ _0\"></span>ed on 26<span class=\"_ _8\"></span>9 219 014 outstandin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es, of which EUR 11,7<span class=\"_ _f\"></span>40 thousand w<span class=\"_ _0\"></span>as paid t<span class=\"_ _8\"></span>o Fer<span class=\"_ _8\"></span>d AS. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s will pr<span class=\"_ _0\"></span>opos<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o the Annual gener<span class=\"_ _8\"></span>al Meeting a dividend of NOK 0.86 per shar<span class=\"_ _8\"></span>e for 2<span class=\"_ _0\"></span>022. Not<span class=\"_ _0\"></span>e 20 \u2013 E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholder inf<span class=\"_ _8\"></span>ormation <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__56": {
   "value": "0.75",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "s7_notes__11__57": {
   "value": "0.86",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "s7_notes__11__58": {
   "value": "Basic and dilut<span class=\"_ _8\"></span>ed earnings per sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eY<span class=\"_ _8\"></span>ear to dat<span class=\"_ _8\"></span>e ended 31 Dec(EUR 1,000, ex<span class=\"_ _0\"></span>cept number of shar<span class=\"_ _8\"></span>es)<span class=\"_ _245\"> </span>2022<span class=\"_ _df\"> </span>2021Pr<span class=\"_ _0\"></span>ofit attributable t<span class=\"_ _0\"></span>o Elopak shar<span class=\"_ _0\"></span>eholders<span class=\"_ _246\"> </span>10,856<span class=\"_ _194\"> </span>33,809Iss<span class=\"_ _0\"></span>ued ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y shar<span class=\"_ _0\"></span>es at beginning of period, adju<span class=\"_ _0\"></span>sted f<span class=\"_ _0\"></span>or shar<span class=\"_ _0\"></span>e split in the period<span class=\"_ _247\"> </span>26<span class=\"_ _0\"></span>9,219,014<span class=\"_ _13d\"> </span>250,635,350Effect of s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s issued<span class=\"_ _101\"> </span>-3,024<span class=\"_ _ed\"> </span>10,150,955W<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed-aver<span class=\"_ _0\"></span>age number of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y sh<span class=\"_ _0\"></span>ares in t<span class=\"_ _0\"></span>he period<span class=\"_ _1ca\"> </span>26<span class=\"_ _8\"></span>9,215,990<span class=\"_ _137\"> </span>260,7<span class=\"_ _0\"></span>86,305Basic and dilut<span class=\"_ _0\"></span>ed earnings per sh<span class=\"_ _0\"></span>are (in EU<span class=\"_ _0\"></span>R)<span class=\"_ _1f4\"> </span>0.04<span class=\"_ _163\"> </span>0.13Not<span class=\"_ _0\"></span>e 20 \u2013 E<span class=\"_ _8\"></span>quit<span class=\"_ _a\"></span>y and sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>eholder inf<span class=\"_ _8\"></span>ormation <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__59": {
   "value": "Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ationAccountin<span class=\"_ _0\"></span>g policiesA busine<span class=\"_ _0\"></span>ss combination i<span class=\"_ _0\"></span>s as a tr<span class=\"_ _8\"></span>ansaction or other e<span class=\"_ _0\"></span>vent in which an acquir<span class=\"_ _8\"></span>er obtains contr<span class=\"_ _8\"></span>ol of one or mor<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>ses. A bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s consist<span class=\"_ _0\"></span>s of inputs and pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>ses applied t<span class=\"_ _8\"></span>o those inputs th<span class=\"_ _0\"></span>at ha<span class=\"_ _0\"></span>ve the ability t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>eat<span class=\"_ _0\"></span>e outputs. Det<span class=\"_ _0\"></span>ermining whet<span class=\"_ _0\"></span>her a par<span class=\"_ _a\"></span>ticular <span class=\"_ _0\"></span>set of ass<span class=\"_ _0\"></span>ets and activities i<span class=\"_ _0\"></span>s a busines<span class=\"_ _0\"></span>s should be bas<span class=\"_ _0\"></span>ed on whether t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>egr<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>et is c<span class=\"_ _0\"></span>apable of being conduct<span class=\"_ _0\"></span>ed and man<span class=\"_ _0\"></span>aged as a bu<span class=\"_ _0\"></span>siness b<span class=\"_ _0\"></span>y a mark<span class=\"_ _8\"></span>et par<span class=\"_ _a\"></span>ticipant.Busine<span class=\"_ _0\"></span>ss combination<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or accor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>o IFR<span class=\"_ _0\"></span>S 3 using t<span class=\"_ _0\"></span>he acquisition met<span class=\"_ _0\"></span>hod, als<span class=\"_ _0\"></span>o called pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price allocation (PP<span class=\"_ _1\"></span>A). The cos<span class=\"_ _0\"></span>t of an acquisition i<span class=\"_ _0\"></span>s measur<span class=\"_ _8\"></span>ed as the aggr<span class=\"_ _8\"></span>egate of t<span class=\"_ _0\"></span>he consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _0\"></span>ansf<span class=\"_ _8\"></span>err<span class=\"_ _0\"></span>ed, which is meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value at acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _8\"></span>e accordin<span class=\"_ _0\"></span>g to <span class=\"_ _0\"></span>IFRS 13, and t<span class=\"_ _0\"></span>he amount of an<span class=\"_ _0\"></span>y non-contr<span class=\"_ _8\"></span>olling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s in the acquir<span class=\"_ _8\"></span>ee. F<span class=\"_ _0\"></span>or each busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation, the Gr<span class=\"_ _0\"></span>oup elects whether t<span class=\"_ _8\"></span>o measur<span class=\"_ _8\"></span>e the non-contr<span class=\"_ _8\"></span>olling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s in the acquir<span class=\"_ _8\"></span>ee at fair v<span class=\"_ _0\"></span>alue or at the pr<span class=\"_ _0\"></span>opor<span class=\"_ _a\"></span>tionat<span class=\"_ _8\"></span>e shar<span class=\"_ _0\"></span>e of the acquir<span class=\"_ _8\"></span>ee\u2019<span class=\"_ _1\"></span>s identi<span class=\"ws0\">-</span>fiable net as<span class=\"_ _0\"></span>sets. A<span class=\"_ _0\"></span>cquisition-r<span class=\"_ _8\"></span>elated co<span class=\"_ _0\"></span>sts ar<span class=\"_ _8\"></span>e expens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red and included in o<span class=\"_ _0\"></span>ther oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpense<span class=\"_ _0\"></span>s.When the Gr<span class=\"_ _8\"></span>oup acquire<span class=\"_ _0\"></span>s a busines<span class=\"_ _0\"></span>s, it ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he financial as<span class=\"_ _0\"></span>sets and liabilitie<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sumed f<span class=\"_ _0\"></span>or appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sification and desig<span class=\"_ _0\"></span>nation in accor<span class=\"_ _8\"></span>dance with t<span class=\"_ _0\"></span>he contr<span class=\"_ _8\"></span>actual t<span class=\"_ _0\"></span>erms, economic cir<span class=\"_ _0\"></span>cums<span class=\"_ _0\"></span>tances and pertinent conditions as at t<span class=\"_ _0\"></span>he acquisition dat<span class=\"_ _8\"></span>e.An<span class=\"_ _0\"></span>y conting<span class=\"_ _0\"></span>ent consider<span class=\"_ _8\"></span>ation to be tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred b<span class=\"_ _0\"></span>y the acquir<span class=\"_ _8\"></span>er will be recog<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value at the acqui<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e. Conting<span class=\"_ _0\"></span>ent consider<span class=\"_ _8\"></span>ation classified a<span class=\"_ _0\"></span>s an ass<span class=\"_ _0\"></span>et or liability that i<span class=\"_ _0\"></span>s a financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t and within the s<span class=\"_ _0\"></span>cope of IFR<span class=\"_ _0\"></span>S 9 Financial Ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s, is mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value wit<span class=\"_ _0\"></span>h the chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _8\"></span>air value r<span class=\"_ _8\"></span>ecognised in t<span class=\"_ _0\"></span>he stat<span class=\"_ _8\"></span>ement of profit or lo<span class=\"_ _0\"></span>ss.Goodwill aris<span class=\"_ _0\"></span>es in a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation when the f<span class=\"_ _8\"></span>air value of consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>eeds the f<span class=\"_ _8\"></span>air value of identifiable as<span class=\"_ _0\"></span>sets acquir<span class=\"_ _8\"></span>ed less t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of identifiable liabilitie<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>umed. Goodwill acquir<span class=\"_ _0\"></span>ed in a busines<span class=\"_ _0\"></span>s combination i<span class=\"_ _0\"></span>s allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o each of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s cas<span class=\"_ _0\"></span>h-gener<span class=\"_ _0\"></span>ating units t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o benefit f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he combination ir<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spectiv<span class=\"_ _0\"></span>e of whether ot<span class=\"_ _0\"></span>her ass<span class=\"_ _0\"></span>ets or liabilities of t<span class=\"_ _0\"></span>he acquir<span class=\"_ _0\"></span>ee ar<span class=\"_ _0\"></span>e assigned t<span class=\"_ _8\"></span>o those unit<span class=\"_ _0\"></span>s and te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed sub<span class=\"_ _0\"></span>sequently f<span class=\"_ _8\"></span>or impairment.Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>Acquisition<span class=\"_ _0\"></span>s of GLS ElopakDate of busi<span class=\"_ _0\"></span>ness P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e Compan<span class=\"_ _0\"></span>y<span class=\"_ _bc\"> </span>P<span class=\"_ _0\"></span>rincipal activitycombinationowned<span class=\"_ _173\"> </span>Acquiring entity\"Elopak BV (49,5%) GLS Elopak<span class=\"_ _b1\"> </span>T<span class=\"_ _8\"></span>rading and m<span class=\"_ _0\"></span>anufact<span class=\"_ _0\"></span>uring<span class=\"_ _60\"> </span>May 13, 2022<span class=\"_ _62\"> </span>50 %Elopak UK Limited (0,5%)\"Elopak and GLS sig<span class=\"_ _0\"></span>ned on April 28, 2022 an agr<span class=\"_ _8\"></span>eement in which the two companie<span class=\"_ _0\"></span>s will ha<span class=\"_ _0\"></span>ve 50% owner<span class=\"_ _0\"></span>ship of a newly f<span class=\"_ _0\"></span>ormed compan<span class=\"_ _8\"></span>y, GL<span class=\"_ _0\"></span>S Elopak. The completion dat<span class=\"_ _8\"></span>e (closing) t<span class=\"_ _0\"></span>ook place M<span class=\"_ _0\"></span>ay 13, 2022. The ag<span class=\"_ _0\"></span>reemen<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ovides Elopak wit<span class=\"_ _0\"></span>h e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to vari<span class=\"_ _0\"></span>able r<span class=\"_ _0\"></span>eturns and power t<span class=\"_ _8\"></span>o affect t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>eturn<span class=\"_ _0\"></span>s fr<span class=\"_ _8\"></span>om GLS Elopak, which means t<span class=\"_ _0\"></span>hat Elopak will h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e contr<span class=\"_ _8\"></span>ol of GLS Elopak in accor<span class=\"_ _8\"></span>dance with IFR<span class=\"_ _8\"></span>S 10 and will consolid<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he compan<span class=\"_ _0\"></span>y as a sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _a\"></span>y in Elopak\u2019<span class=\"_ _f\"></span>s financial stat<span class=\"_ _8\"></span>ements. GLS Elopak will le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age the r<span class=\"_ _8\"></span>espectiv<span class=\"_ _0\"></span>e expertise, a<span class=\"_ _0\"></span>ssets and network<span class=\"_ _0\"></span>s of Elopak and GLS t<span class=\"_ _8\"></span>o capitalize on t<span class=\"_ _0\"></span>he significant c<span class=\"_ _0\"></span>onsumer dem<span class=\"_ _0\"></span>and in India. The compan<span class=\"_ _0\"></span>y is bein<span class=\"_ _0\"></span>g est<span class=\"_ _0\"></span>ablished t<span class=\"_ _0\"></span>o manuf<span class=\"_ _8\"></span>actur<span class=\"_ _8\"></span>e and proce<span class=\"_ _0\"></span>ss high-quality f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh and as<span class=\"_ _0\"></span>eptic packa<span class=\"_ _0\"></span>ging solutions, which ar<span class=\"_ _8\"></span>e designed t<span class=\"_ _8\"></span>o ensur<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at liquid food i<span class=\"_ _0\"></span>s saf<span class=\"_ _8\"></span>e and accessible t<span class=\"_ _8\"></span>o consumer<span class=\"_ _8\"></span>s acro<span class=\"_ _0\"></span>ss the globe. The compan<span class=\"_ _8\"></span>y will cater t<span class=\"_ _8\"></span>o both f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh and as<span class=\"_ _0\"></span>eptic segmen<span class=\"_ _0\"></span>ts with applications s<span class=\"_ _0\"></span>uch as dairy, pl<span class=\"_ _0\"></span>ant-b<span class=\"_ _0\"></span>ased drink<span class=\"_ _0\"></span>s, juice, wat<span class=\"_ _8\"></span>er and liquor<span class=\"_ _0\"></span>.The tr<span class=\"_ _0\"></span>ansaction i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFRS 3 and t<span class=\"_ _0\"></span>he acquisition d<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>s Ma<span class=\"_ _0\"></span>y 13, 2022.The acquisition-d<span class=\"_ _0\"></span>ate f<span class=\"_ _8\"></span>air value of the t<span class=\"_ _8\"></span>otal consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed was EUR 12,79<span class=\"_ _1\"></span>3 thou<span class=\"ws0\">-</span>sand in ca<span class=\"_ _0\"></span>sh. T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction cos<span class=\"_ _0\"></span>ts of EUR 340 thous<span class=\"_ _0\"></span>and wer<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpensed and ar<span class=\"_ _8\"></span>e included in other oper<span class=\"_ _8\"></span>ating cos<span class=\"_ _0\"></span>ts. If the tr<span class=\"_ _8\"></span>ansactions h<span class=\"_ _0\"></span>ad occurr<span class=\"_ _8\"></span>ed Januar<span class=\"_ _a\"></span>y 1, 2022, GLS Elopak would ha<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>ributed EUR 7<span class=\"_ _0\"></span>3 thou<span class=\"_ _0\"></span>sand r<span class=\"_ _0\"></span>evenue and EUR -292 t<span class=\"_ _0\"></span>housand pr<span class=\"_ _8\"></span>ofit befor<span class=\"_ _8\"></span>e tax. Fr<span class=\"_ _8\"></span>om acquisition d<span class=\"_ _0\"></span>ate t<span class=\"_ _8\"></span>o reporting dat<span class=\"_ _8\"></span>e GLS Elopak has c<span class=\"_ _0\"></span>ontribut<span class=\"_ _0\"></span>ed EUR 5,217 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>evenue and EUR -713 thou<span class=\"_ _0\"></span>sand pr<span class=\"_ _0\"></span>ofit bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e tax.Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in GLS Elopak at acquisition d<span class=\"_ _0\"></span>ate(EUR 1,000)ASSETSNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _222\"> </span> 29 Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _262\"> </span> 1 Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _224\"> </span> 10,462  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _263\"> </span> 10,492 Curren<span class=\"_ _0\"></span>t assetsInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _264\"> </span>550 Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _256\"> </span><span class=\"ls7d ws110\">797<span class=\"_ _a\"></span> </span>Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _d1\"> </span> 8,419  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _265\"> </span> 9,7<span class=\"_ _8\"></span>66  T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s <span class=\"_ _266\"> </span> 20,258 Non-curr<span class=\"_ _0\"></span>ent liabilitiesDefer<span class=\"_ _0\"></span>red tax liability<span class=\"_ _267\"> </span><span class=\"ls5b wsbb\">6<span class=\"_ _a\"></span>24 </span> T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _1e7\"> </span><span class=\"ls5b wsbb\">624<span class=\"_ _a\"></span> </span>Curren<span class=\"_ _0\"></span>t liabilitiesT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables<span class=\"_ _268\"> </span> 1,106 Other curr<span class=\"_ _8\"></span>ent liablities <span class=\"_ _269\"> </span>12<span class=\"_ _0\"></span>4  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _268\"> </span><span class=\"ff3\"> 1,230 </span>T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _26a\"> </span><span class=\"ff3\"> 1,854 </span>T<span class=\"_ _1\"></span>otal identifiable net ass<span class=\"_ _0\"></span>ets at fair v<span class=\"_ _0\"></span>alue<span class=\"_ _26b\"> </span> 18,404 Non-contr<span class=\"_ _0\"></span>olling int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st (at shar<span class=\"_ _0\"></span>e of identifiable net ass<span class=\"_ _0\"></span>ets)<span class=\"_ _80\"> </span> 9,202 Pur<span class=\"_ _0\"></span>chase con<span class=\"_ _0\"></span>sideration <span class=\"_ _268\"> </span> 12,79<span class=\"_ _8\"></span>3  Goodwill arising f<span class=\"_ _8\"></span>rom acquisition <span class=\"_ _226\"> </span> 3,591 Purc<span class=\"_ _0\"></span>hase con<span class=\"_ _0\"></span>sideration Cash consider<span class=\"_ _0\"></span>ation paid<span class=\"_ _26c\"> </span> 12,79<span class=\"_ _8\"></span>3  T<span class=\"_ _1\"></span>otal consideration <span class=\"_ _26d\"> </span><span class=\"ff3\"> 12,79<span class=\"_ _8\"></span>3 </span>Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>Pr<span class=\"_ _8\"></span>ovision f<span class=\"_ _8\"></span>or defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is m<span class=\"_ _0\"></span>ade for t<span class=\"_ _0\"></span>he diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between acquisition c<span class=\"_ _0\"></span>ost and acquir<span class=\"_ _8\"></span>ed tax ba<span class=\"_ _0\"></span>se in accor<span class=\"_ _8\"></span>dance with IAS 12. Off<span class=\"_ _8\"></span>setting entry of this non-ca<span class=\"_ _0\"></span>sh def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax is g<span class=\"_ _0\"></span>oodwill. The r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g goodwill compris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he value of e<span class=\"_ _0\"></span>xpected s<span class=\"_ _0\"></span>ynergie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition and ass<span class=\"_ _0\"></span>embled workf<span class=\"_ _8\"></span>orce, which i<span class=\"_ _0\"></span>s not separ<span class=\"_ _8\"></span>ately r<span class=\"_ _8\"></span>ecognized.None of the goodwill r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed is deductible f<span class=\"_ _8\"></span>or income tax purpose<span class=\"_ _0\"></span>s.Analy<span class=\"_ _0\"></span>sis of cas<span class=\"_ _0\"></span>h flows on acquisition(EUR 1,000)Net cash acquir<span class=\"_ _8\"></span>ed with the subsidiary <span class=\"_ _3c\"> </span> 8,419 Cash paid <span class=\"_ _26e\"> </span> 12,79<span class=\"_ _8\"></span>3 Net cash flow f<span class=\"_ _8\"></span>rom acquisition (included in inv<span class=\"_ _0\"></span>esting activit<span class=\"_ _8\"></span>es) <span class=\"_ _189\"> </span> -4,3<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4 Acquisition<span class=\"_ _0\"></span>s of Natur<span class=\"_ _8\"></span>epakDate of busi<span class=\"_ _0\"></span>ness P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e Compan<span class=\"_ _0\"></span>y<span class=\"_ _bc\"> </span>P<span class=\"_ _0\"></span>rincipal activitycombinationowned<span class=\"_ _173\"> </span>Acquiring entityNatur<span class=\"_ _8\"></span>epak Beverag<span class=\"_ _0\"></span>e\"Elopak BV (99%) Pack<span class=\"_ _0\"></span>aging Co Lt<span class=\"_ _0\"></span>d<span class=\"_ _142\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ading and manuf<span class=\"_ _8\"></span>acturing<span class=\"_ _43\"> </span>March 29, 2022<span class=\"_ _ca\"> </span>100 %Elopak UK Limited (1%)\"Elopak Ar<span class=\"_ _0\"></span>abia Holding Comp<span class=\"_ _0\"></span>any acquir<span class=\"_ _8\"></span>ed 100% of the votin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es of Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>ackagin<span class=\"_ _0\"></span>g Co Lt<span class=\"_ _0\"></span>d on Mar<span class=\"_ _0\"></span>ch 29, 2022. Nat<span class=\"_ _8\"></span>urepak Be<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age i<span class=\"_ _0\"></span>s the leading pr<span class=\"_ _8\"></span>ovider of f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh liquid carton and pack<span class=\"_ _0\"></span>aging sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems in the MENA r<span class=\"_ _8\"></span>egion with local pr<span class=\"_ _8\"></span>oduction facilitie<span class=\"_ _0\"></span>s in Mor<span class=\"_ _0\"></span>occo and Saudi Ar<span class=\"_ _0\"></span>abia, which will be int<span class=\"_ _8\"></span>egrat<span class=\"_ _8\"></span>ed into Elop<span class=\"_ _0\"></span>ak\u2019<span class=\"_ _1\"></span>s global pr<span class=\"_ _8\"></span>oduction network. Pr<span class=\"_ _8\"></span>esen<span class=\"_ _0\"></span>t in 16 countrie<span class=\"_ _0\"></span>s, Nat<span class=\"_ _0\"></span>urep<span class=\"_ _0\"></span>ak Bever<span class=\"_ _0\"></span>age h<span class=\"_ _0\"></span>as an annual pr<span class=\"_ _0\"></span>oduction capacity of 2.7 billion cartons acr<span class=\"_ _8\"></span>oss variou<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>oduct size<span class=\"_ _0\"></span>s and its cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>s are global blue chip FMCG pl<span class=\"_ _0\"></span>ayer<span class=\"_ _0\"></span>s and str<span class=\"_ _8\"></span>ong r<span class=\"_ _0\"></span>egional ch<span class=\"_ _0\"></span>ampions. The acquisition will r<span class=\"_ _8\"></span>einf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ce Elopak\u2019<span class=\"_ _1\"></span>s po<span class=\"_ _0\"></span>sition in the r<span class=\"_ _8\"></span>egion and is an impor<span class=\"_ _a\"></span>tant mile<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>one in man<span class=\"_ _0\"></span>agement\u2019<span class=\"_ _1\"></span>s ambition<span class=\"_ _0\"></span>s to tar<span class=\"_ _8\"></span>get 2-3% organic r<span class=\"_ _8\"></span>evenue gr<span class=\"_ _8\"></span>ow<span class=\"_ _a\"></span>th, deliver inor<span class=\"_ _0\"></span>ganic oppor<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>unities and gr<span class=\"_ _8\"></span>ow its global f<span class=\"_ _8\"></span>ootprint by ent<span class=\"_ _8\"></span>ering new geogr<span class=\"_ _8\"></span>aphies.The tr<span class=\"_ _0\"></span>ansaction i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFRS 3 and t<span class=\"_ _0\"></span>he acquisition d<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>s Mar<span class=\"_ _8\"></span>ch 29, 2022.Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>The acquisition-d<span class=\"_ _0\"></span>ate f<span class=\"_ _8\"></span>air value of the t<span class=\"_ _8\"></span>otal consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed was EUR 85,383 t<span class=\"_ _0\"></span>hou<span class=\"ws0\">-</span>sand in ca<span class=\"_ _0\"></span>sh. T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction cos<span class=\"_ _0\"></span>ts of EUR 2,110 thou<span class=\"_ _0\"></span>sand wer<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpensed and ar<span class=\"_ _8\"></span>e included in other oper<span class=\"_ _8\"></span>ating cos<span class=\"_ _0\"></span>ts. If the tr<span class=\"_ _8\"></span>ansactions h<span class=\"_ _0\"></span>ad occurr<span class=\"_ _8\"></span>ed Januar<span class=\"_ _a\"></span>y 1, 2022, Natur<span class=\"_ _8\"></span>epak would ha<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>ributed EUR 7,7<span class=\"_ _1\"></span>65 r<span class=\"_ _8\"></span>evenue and EUR 917 pr<span class=\"_ _8\"></span>ofit befor<span class=\"_ _8\"></span>e tax. Fr<span class=\"_ _8\"></span>om acquisition dat<span class=\"_ _8\"></span>e t<span class=\"_ _0\"></span>o reporting dat<span class=\"_ _8\"></span>e Natur<span class=\"_ _8\"></span>epak has c<span class=\"_ _0\"></span>ontribut<span class=\"_ _0\"></span>ed EUR 33,422 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>evenue and EUR -2,527 thou<span class=\"_ _0\"></span>sand pr<span class=\"_ _0\"></span>ofit bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e tax.F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>ssets i<span class=\"_ _0\"></span>n Natur<span class=\"_ _8\"></span>epak Bever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackagin<span class=\"_ _0\"></span>g Co Lt<span class=\"_ _0\"></span>d at acquisition dat<span class=\"_ _8\"></span>e(EUR 1,000)ASSETSNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _9e\"> </span> 26,79<span class=\"_ _8\"></span>4 Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _186\"> </span> 11,162 Right-of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s<span class=\"_ _26f\"> </span> 50 Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>set<span class=\"_ _17d\"> </span> 1,459 Other non-curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _1c1\"> </span>446  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _263\"> </span> 39,910 Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>sInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _270\"> </span> 1,480 T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _271\"> </span> 4,881 Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _272\"> </span> 2,644 Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _273\"> </span> 1,495  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _1c1\"> </span> 10,500  T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s <span class=\"_ _266\"> </span> 50,410 Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in Nat<span class=\"_ _0\"></span>urep<span class=\"_ _0\"></span>ak Bever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackagi<span class=\"_ _0\"></span>ng Co Lt<span class=\"_ _8\"></span>d at acquisition dat<span class=\"_ _0\"></span>econtinuedNon-curr<span class=\"_ _0\"></span>ent liabilitiesDefer<span class=\"_ _0\"></span>red tax liability<span class=\"_ _181\"> </span> 7,7<span class=\"_ _0\"></span>89 Non-curr<span class=\"_ _0\"></span>ent lease li<span class=\"_ _0\"></span>abilities<span class=\"_ _268\"> </span> 32 Other non-curr<span class=\"_ _8\"></span>ent liabilities<span class=\"_ _1c0\"> </span> 2,371  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _277\"> </span> 10,192 Curr<span class=\"_ _0\"></span>ent liabilitiesCurr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _255\"> </span>713 T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables<span class=\"_ _1f7\"> </span> 3,921 Curr<span class=\"_ _0\"></span>ent lease liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _181\"> </span> 47 Other curr<span class=\"_ _8\"></span>ent liablities <span class=\"_ _183\"> </span> 3,652  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _278\"> </span> 8,333  T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _185\"> </span> 18,525 T<span class=\"_ _1\"></span>otal identifiable net ass<span class=\"_ _0\"></span>ets at fair v<span class=\"_ _0\"></span>alue<span class=\"_ _be\"> </span> 31,885 Pur<span class=\"_ _0\"></span>chase con<span class=\"_ _0\"></span>sideration <span class=\"_ _279\"> </span> 85,383  Goodwill arising f<span class=\"_ _8\"></span>rom acquisition <span class=\"_ _274\"> </span> 53,498 Purc<span class=\"_ _0\"></span>hase con<span class=\"_ _0\"></span>sideration Cash consider<span class=\"_ _0\"></span>ation paid<span class=\"_ _279\"> </span> 85,383  T<span class=\"_ _1\"></span>otal consideration <span class=\"_ _82\"> </span> 85,383 Pr<span class=\"_ _8\"></span>ovision f<span class=\"_ _8\"></span>or defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is m<span class=\"_ _0\"></span>ade for t<span class=\"_ _0\"></span>he diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between acquisition c<span class=\"_ _0\"></span>ost and acquir<span class=\"_ _8\"></span>ed tax ba<span class=\"_ _0\"></span>se in accor<span class=\"_ _8\"></span>dance with IAS 12. Off<span class=\"_ _8\"></span>setting entry of this non-ca<span class=\"_ _0\"></span>sh def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax is g<span class=\"_ _0\"></span>oodwill. The r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g goodwill compris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he value of e<span class=\"_ _0\"></span>xpected s<span class=\"_ _0\"></span>ynergie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition and ass<span class=\"_ _0\"></span>embled workf<span class=\"_ _8\"></span>orce, which i<span class=\"_ _0\"></span>s not separ<span class=\"_ _8\"></span>ately r<span class=\"_ _8\"></span>ecognized.None of the goodwill r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed is deductible f<span class=\"_ _8\"></span>or income tax purpose<span class=\"_ _0\"></span>s.Analy<span class=\"_ _0\"></span>sis of cas<span class=\"_ _0\"></span>h flows on acquisition(EUR 1,000)Net cash acquir<span class=\"_ _8\"></span>ed with the subsidiary <span class=\"_ _274\"> </span> 1,495 Cash paid <span class=\"_ _275\"> </span> 85,383  Net cash flow f<span class=\"_ _8\"></span>rom acquisition (included in inv<span class=\"_ _0\"></span>esting activit<span class=\"_ _8\"></span>es) <span class=\"_ _276\"> </span> -83,888",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__61-1": {
   "value": "F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in GLS Elopak at acquisition d<span class=\"_ _0\"></span>ate(EUR 1,000)ASSETSNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _222\"> </span> 29 Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>sets<span class=\"_ _262\"> </span> 1 Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _224\"> </span> 10,462  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _263\"> </span> 10,492 Curren<span class=\"_ _0\"></span>t assetsInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _264\"> </span>550 Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _256\"> </span><span class=\"ls7d ws110\">797<span class=\"_ _a\"></span> </span>Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _d1\"> </span> 8,419  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _265\"> </span> 9,7<span class=\"_ _8\"></span>66  T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s <span class=\"_ _266\"> </span> 20,258 Non-curr<span class=\"_ _0\"></span>ent liabilitiesDefer<span class=\"_ _0\"></span>red tax liability<span class=\"_ _267\"> </span><span class=\"ls5b wsbb\">6<span class=\"_ _a\"></span>24 </span> T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _1e7\"> </span><span class=\"ls5b wsbb\">624<span class=\"_ _a\"></span> </span>Curren<span class=\"_ _0\"></span>t liabilitiesT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables<span class=\"_ _268\"> </span> 1,106 Other curr<span class=\"_ _8\"></span>ent liablities <span class=\"_ _269\"> </span>12<span class=\"_ _0\"></span>4  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _268\"> </span><span class=\"ff3\"> 1,230 </span>T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _26a\"> </span><span class=\"ff3\"> 1,854 </span>T<span class=\"_ _1\"></span>otal identifiable net ass<span class=\"_ _0\"></span>ets at fair v<span class=\"_ _0\"></span>alue<span class=\"_ _26b\"> </span> 18,404 Non-contr<span class=\"_ _0\"></span>olling int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st (at shar<span class=\"_ _0\"></span>e of identifiable net ass<span class=\"_ _0\"></span>ets)<span class=\"_ _80\"> </span> 9,202 Pur<span class=\"_ _0\"></span>chase con<span class=\"_ _0\"></span>sideration <span class=\"_ _268\"> </span> 12,79<span class=\"_ _8\"></span>3  Goodwill arising f<span class=\"_ _8\"></span>rom acquisition <span class=\"_ _226\"> </span> 3,591 Purc<span class=\"_ _0\"></span>hase con<span class=\"_ _0\"></span>sideration Cash consider<span class=\"_ _0\"></span>ation paid<span class=\"_ _26c\"> </span> 12,79<span class=\"_ _8\"></span>3  T<span class=\"_ _1\"></span>otal consideration <span class=\"_ _26d\"> </span><span class=\"ff3\"> 12,79<span class=\"_ _8\"></span>3 </span>Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>Pr<span class=\"_ _8\"></span>ovision f<span class=\"_ _8\"></span>or defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is m<span class=\"_ _0\"></span>ade for t<span class=\"_ _0\"></span>he diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between acquisition c<span class=\"_ _0\"></span>ost and acquir<span class=\"_ _8\"></span>ed tax ba<span class=\"_ _0\"></span>se in accor<span class=\"_ _8\"></span>dance with IAS 12. Off<span class=\"_ _8\"></span>setting entry of this non-ca<span class=\"_ _0\"></span>sh def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax is g<span class=\"_ _0\"></span>oodwill. The r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g goodwill compris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he value of e<span class=\"_ _0\"></span>xpected s<span class=\"_ _0\"></span>ynergie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition and ass<span class=\"_ _0\"></span>embled workf<span class=\"_ _8\"></span>orce, which i<span class=\"_ _0\"></span>s not separ<span class=\"_ _8\"></span>ately r<span class=\"_ _8\"></span>ecognized.None of the goodwill r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed is deductible f<span class=\"_ _8\"></span>or income tax purpose<span class=\"_ _0\"></span>s.Analy<span class=\"_ _0\"></span>sis of cas<span class=\"_ _0\"></span>h flows on acquisition(EUR 1,000)Net cash acquir<span class=\"_ _8\"></span>ed with the subsidiary <span class=\"_ _3c\"> </span> 8,419 Cash paid <span class=\"_ _26e\"> </span> 12,79<span class=\"_ _8\"></span>3 Net cash flow f<span class=\"_ _8\"></span>rom acquisition (included in inv<span class=\"_ _0\"></span>esting activit<span class=\"_ _8\"></span>es) <span class=\"_ _189\"> </span> -4,3<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4 Acquisition<span class=\"_ _0\"></span>s of Natur<span class=\"_ _8\"></span>epakDate of busi<span class=\"_ _0\"></span>ness P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e Compan<span class=\"_ _0\"></span>y<span class=\"_ _bc\"> </span>P<span class=\"_ _0\"></span>rincipal activitycombinationowned<span class=\"_ _173\"> </span>Acquiring entityNatur<span class=\"_ _8\"></span>epak Beverag<span class=\"_ _0\"></span>e\"Elopak BV (99%) Pack<span class=\"_ _0\"></span>aging Co Lt<span class=\"_ _0\"></span>d<span class=\"_ _142\"> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ading and manuf<span class=\"_ _8\"></span>acturing<span class=\"_ _43\"> </span>March 29, 2022<span class=\"_ _ca\"> </span>100 %Elopak UK Limited (1%)\"Elopak Ar<span class=\"_ _0\"></span>abia Holding Comp<span class=\"_ _0\"></span>any acquir<span class=\"_ _8\"></span>ed 100% of the votin<span class=\"_ _0\"></span>g shar<span class=\"_ _8\"></span>es of Nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>epak Bever<span class=\"_ _8\"></span>age P<span class=\"_ _0\"></span>ackagin<span class=\"_ _0\"></span>g Co Lt<span class=\"_ _0\"></span>d on Mar<span class=\"_ _0\"></span>ch 29, 2022. Nat<span class=\"_ _8\"></span>urepak Be<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age i<span class=\"_ _0\"></span>s the leading pr<span class=\"_ _8\"></span>ovider of f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esh liquid carton and pack<span class=\"_ _0\"></span>aging sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems in the MENA r<span class=\"_ _8\"></span>egion with local pr<span class=\"_ _8\"></span>oduction facilitie<span class=\"_ _0\"></span>s in Mor<span class=\"_ _0\"></span>occo and Saudi Ar<span class=\"_ _0\"></span>abia, which will be int<span class=\"_ _8\"></span>egrat<span class=\"_ _8\"></span>ed into Elop<span class=\"_ _0\"></span>ak\u2019<span class=\"_ _1\"></span>s global pr<span class=\"_ _8\"></span>oduction network. Pr<span class=\"_ _8\"></span>esen<span class=\"_ _0\"></span>t in 16 countrie<span class=\"_ _0\"></span>s, Nat<span class=\"_ _0\"></span>urep<span class=\"_ _0\"></span>ak Bever<span class=\"_ _0\"></span>age h<span class=\"_ _0\"></span>as an annual pr<span class=\"_ _0\"></span>oduction capacity of 2.7 billion cartons acr<span class=\"_ _8\"></span>oss variou<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>oduct size<span class=\"_ _0\"></span>s and its cus<span class=\"_ _0\"></span>tomer<span class=\"_ _8\"></span>s are global blue chip FMCG pl<span class=\"_ _0\"></span>ayer<span class=\"_ _0\"></span>s and str<span class=\"_ _8\"></span>ong r<span class=\"_ _0\"></span>egional ch<span class=\"_ _0\"></span>ampions. The acquisition will r<span class=\"_ _8\"></span>einf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ce Elopak\u2019<span class=\"_ _1\"></span>s po<span class=\"_ _0\"></span>sition in the r<span class=\"_ _8\"></span>egion and is an impor<span class=\"_ _a\"></span>tant mile<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>one in man<span class=\"_ _0\"></span>agement\u2019<span class=\"_ _1\"></span>s ambition<span class=\"_ _0\"></span>s to tar<span class=\"_ _8\"></span>get 2-3% organic r<span class=\"_ _8\"></span>evenue gr<span class=\"_ _8\"></span>ow<span class=\"_ _a\"></span>th, deliver inor<span class=\"_ _0\"></span>ganic oppor<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>unities and gr<span class=\"_ _8\"></span>ow its global f<span class=\"_ _8\"></span>ootprint by ent<span class=\"_ _8\"></span>ering new geogr<span class=\"_ _8\"></span>aphies.The tr<span class=\"_ _0\"></span>ansaction i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed as a busine<span class=\"_ _0\"></span>ss combin<span class=\"_ _0\"></span>ation in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h IFRS 3 and t<span class=\"_ _0\"></span>he acquisition d<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>s Mar<span class=\"_ _8\"></span>ch 29, 2022.Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>The acquisition-d<span class=\"_ _0\"></span>ate f<span class=\"_ _8\"></span>air value of the t<span class=\"_ _8\"></span>otal consider<span class=\"_ _0\"></span>ation tr<span class=\"_ _8\"></span>ansf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed was EUR 85,383 t<span class=\"_ _0\"></span>hou<span class=\"ws0\">-</span>sand in ca<span class=\"_ _0\"></span>sh. T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ansaction cos<span class=\"_ _0\"></span>ts of EUR 2,110 thou<span class=\"_ _0\"></span>sand wer<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpensed and ar<span class=\"_ _8\"></span>e included in other oper<span class=\"_ _8\"></span>ating cos<span class=\"_ _0\"></span>ts. If the tr<span class=\"_ _8\"></span>ansactions h<span class=\"_ _0\"></span>ad occurr<span class=\"_ _8\"></span>ed Januar<span class=\"_ _a\"></span>y 1, 2022, Natur<span class=\"_ _8\"></span>epak would ha<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>ributed EUR 7,7<span class=\"_ _1\"></span>65 r<span class=\"_ _8\"></span>evenue and EUR 917 pr<span class=\"_ _8\"></span>ofit befor<span class=\"_ _8\"></span>e tax. Fr<span class=\"_ _8\"></span>om acquisition dat<span class=\"_ _8\"></span>e t<span class=\"_ _0\"></span>o reporting dat<span class=\"_ _8\"></span>e Natur<span class=\"_ _8\"></span>epak has c<span class=\"_ _0\"></span>ontribut<span class=\"_ _0\"></span>ed EUR 33,422 thous<span class=\"_ _0\"></span>and r<span class=\"_ _0\"></span>evenue and EUR -2,527 thou<span class=\"_ _0\"></span>sand pr<span class=\"_ _0\"></span>ofit bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e tax.F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>ssets i<span class=\"_ _0\"></span>n Natur<span class=\"_ _8\"></span>epak Bever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackagin<span class=\"_ _0\"></span>g Co Lt<span class=\"_ _0\"></span>d at acquisition dat<span class=\"_ _8\"></span>e(EUR 1,000)ASSETSNon-curr<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>etsDevelopment co<span class=\"_ _0\"></span>st and other intan<span class=\"_ _0\"></span>gible assets<span class=\"_ _9e\"> </span> 26,79<span class=\"_ _8\"></span>4 Pr<span class=\"_ _0\"></span>oper<span class=\"_ _a\"></span>ty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _186\"> </span> 11,162 Right-of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s<span class=\"_ _26f\"> </span> 50 Defer<span class=\"_ _0\"></span>red tax as<span class=\"_ _0\"></span>set<span class=\"_ _17d\"> </span> 1,459 Other non-curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _1c1\"> </span>446  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _263\"> </span> 39,910 Curr<span class=\"_ _0\"></span>ent asset<span class=\"_ _0\"></span>sInvent<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y<span class=\"_ _270\"> </span> 1,480 T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _271\"> </span> 4,881 Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _272\"> </span> 2,644 Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _273\"> </span> 1,495  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _1c1\"> </span> 10,500  T<span class=\"_ _1\"></span>otal asset<span class=\"_ _0\"></span>s <span class=\"_ _266\"> </span> 50,410 Not<span class=\"_ _0\"></span>e 21 - Busines<span class=\"_ _0\"></span>s combin<span class=\"_ _0\"></span>ation <span class=\"fc3\">continued</span>F<span class=\"_ _8\"></span>air value<span class=\"_ _0\"></span>s of the identifiable a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in Nat<span class=\"_ _0\"></span>urep<span class=\"_ _0\"></span>ak Bever<span class=\"_ _0\"></span>age P<span class=\"_ _0\"></span>ackagi<span class=\"_ _0\"></span>ng Co Lt<span class=\"_ _8\"></span>d at acquisition dat<span class=\"_ _0\"></span>econtinuedNon-curr<span class=\"_ _0\"></span>ent liabilitiesDefer<span class=\"_ _0\"></span>red tax liability<span class=\"_ _181\"> </span> 7,7<span class=\"_ _0\"></span>89 Non-curr<span class=\"_ _0\"></span>ent lease li<span class=\"_ _0\"></span>abilities<span class=\"_ _268\"> </span> 32 Other non-curr<span class=\"_ _8\"></span>ent liabilities<span class=\"_ _1c0\"> </span> 2,371  T<span class=\"_ _1\"></span>otal non-curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _277\"> </span> 10,192 Curr<span class=\"_ _0\"></span>ent liabilitiesCurr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _255\"> </span>713 T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables<span class=\"_ _1f7\"> </span> 3,921 Curr<span class=\"_ _0\"></span>ent lease liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _181\"> </span> 47 Other curr<span class=\"_ _8\"></span>ent liablities <span class=\"_ _183\"> </span> 3,652  T<span class=\"_ _1\"></span>otal curren<span class=\"_ _0\"></span>t liabilities <span class=\"_ _278\"> </span> 8,333  T<span class=\"_ _1\"></span>otal liabilities <span class=\"_ _185\"> </span> 18,525 T<span class=\"_ _1\"></span>otal identifiable net ass<span class=\"_ _0\"></span>ets at fair v<span class=\"_ _0\"></span>alue<span class=\"_ _be\"> </span> 31,885 Pur<span class=\"_ _0\"></span>chase con<span class=\"_ _0\"></span>sideration <span class=\"_ _279\"> </span> 85,383  Goodwill arising f<span class=\"_ _8\"></span>rom acquisition <span class=\"_ _274\"> </span> 53,498 Purc<span class=\"_ _0\"></span>hase con<span class=\"_ _0\"></span>sideration Cash consider<span class=\"_ _0\"></span>ation paid<span class=\"_ _279\"> </span> 85,383  T<span class=\"_ _1\"></span>otal consideration <span class=\"_ _82\"> </span> 85,383 Pr<span class=\"_ _8\"></span>ovision f<span class=\"_ _8\"></span>or defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is m<span class=\"_ _0\"></span>ade for t<span class=\"_ _0\"></span>he diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ence between acquisition c<span class=\"_ _0\"></span>ost and acquir<span class=\"_ _8\"></span>ed tax ba<span class=\"_ _0\"></span>se in accor<span class=\"_ _8\"></span>dance with IAS 12. Off<span class=\"_ _8\"></span>setting entry of this non-ca<span class=\"_ _0\"></span>sh def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax is g<span class=\"_ _0\"></span>oodwill. The r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g goodwill compris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he value of e<span class=\"_ _0\"></span>xpected s<span class=\"_ _0\"></span>ynergie<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om the acquisition and ass<span class=\"_ _0\"></span>embled workf<span class=\"_ _8\"></span>orce, which i<span class=\"_ _0\"></span>s not separ<span class=\"_ _8\"></span>ately r<span class=\"_ _8\"></span>ecognized.None of the goodwill r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed is deductible f<span class=\"_ _8\"></span>or income tax purpose<span class=\"_ _0\"></span>s.Analy<span class=\"_ _0\"></span>sis of cas<span class=\"_ _0\"></span>h flows on acquisition(EUR 1,000)Net cash acquir<span class=\"_ _8\"></span>ed with the subsidiary <span class=\"_ _274\"> </span> 1,495 Cash paid <span class=\"_ _275\"> </span> 85,383  Net cash flow f<span class=\"_ _8\"></span>rom acquisition (included in inv<span class=\"_ _0\"></span>esting activit<span class=\"_ _8\"></span>es) <span class=\"_ _276\"> </span> -83,888The f<span class=\"_ _0\"></span>ollowing comp<span class=\"_ _0\"></span>anies ar<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed as sub<span class=\"_ _0\"></span>sidiaries i<span class=\"_ _0\"></span>n Elopak Group",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__64": {
   "value": "The f<span class=\"_ _0\"></span>ollowing joi<span class=\"_ _0\"></span>nt vent<span class=\"_ _8\"></span>ures ar<span class=\"_ _8\"></span>e accounted f<span class=\"_ _8\"></span>or in accorda<span class=\"_ _0\"></span>nce with the equity methodY<span class=\"_ _8\"></span>ear of Compan<span class=\"_ _0\"></span>y<span class=\"_ _28c\"> </span>P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e ownedacquisition <span class=\"_ _aa\"> </span>Country<span class=\"_ _c6\"> </span>Principal activityLala Elopak S.A. de C.V.<span class=\"_ _138\"> </span>49 %<span class=\"_ _27b\"> </span>1998<span class=\"_ _27c\"> </span>Mexico<span class=\"_ _127\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>g and manuf<span class=\"_ _0\"></span>acturingImpre<span class=\"_ _0\"></span>sora Del Y<span class=\"_ _1\"></span>aque<span class=\"_ _1ba\"> </span>51 %<span class=\"_ _62\"> </span><span class=\"ls2c ws49\">2<span class=\"_ _a\"></span>007<span class=\"_ _1b3\"> </span></span>Dominican R<span class=\"_ _0\"></span>epublic<span class=\"_ _28d\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak Nampak Af<span class=\"_ _8\"></span>rica Ltd<span class=\"_ _28e\"> </span>50 %<span class=\"_ _19a\"> </span>2020<span class=\"_ _28f\"> </span><span class=\"ls1a ws37\">Ke<span class=\"_ _a\"></span>ny<span class=\"_ _a\"></span>a<span class=\"_ _237\"> </span></span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adin",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__63": {
   "value": "The f<span class=\"_ _0\"></span>ollowing joi<span class=\"_ _0\"></span>nt vent<span class=\"_ _8\"></span>ures ar<span class=\"_ _8\"></span>e accounted f<span class=\"_ _8\"></span>or in accorda<span class=\"_ _0\"></span>nce with the equity methodY<span class=\"_ _8\"></span>ear of Compan<span class=\"_ _0\"></span>y<span class=\"_ _28c\"> </span>P<span class=\"_ _0\"></span>ercentag<span class=\"_ _0\"></span>e ownedacquisition <span class=\"_ _aa\"> </span>Country<span class=\"_ _c6\"> </span>Principal activityLala Elopak S.A. de C.V.<span class=\"_ _138\"> </span>49 %<span class=\"_ _27b\"> </span>1998<span class=\"_ _27c\"> </span>Mexico<span class=\"_ _127\"> </span>T<span class=\"_ _8\"></span>radin<span class=\"_ _0\"></span>g and manuf<span class=\"_ _0\"></span>acturingImpre<span class=\"_ _0\"></span>sora Del Y<span class=\"_ _1\"></span>aque<span class=\"_ _1ba\"> </span>51 %<span class=\"_ _62\"> </span><span class=\"ls2c ws49\">2<span class=\"_ _a\"></span>007<span class=\"_ _1b3\"> </span></span>Dominican R<span class=\"_ _0\"></span>epublic<span class=\"_ _28d\"> </span>T<span class=\"_ _1\"></span>rading and manuf<span class=\"_ _8\"></span>acturingElopak Nampak Af<span class=\"_ _8\"></span>rica Ltd<span class=\"_ _28e\"> </span>50 %<span class=\"_ _19a\"> </span>2020<span class=\"_ _28f\"> </span><span class=\"ls1a ws37\">Ke<span class=\"_ _a\"></span>ny<span class=\"_ _a\"></span>a<span class=\"_ _237\"> </span></span>T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>adin",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__65": {
   "value": "Not<span class=\"_ _0\"></span>e 23 - Other non-cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>etsOther cur<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>abilities(EUR 1,000)<span class=\"_ _1e3\"> </span>2022<span class=\"_ _1d7\"> </span>2021Contr<span class=\"_ _0\"></span>act asset<span class=\"_ _0\"></span>s (Note 25)<span class=\"_ _1f3\"> </span>3,77<span class=\"_ _0\"></span>5<span class=\"_ _95\"> </span>5,167Non-curr<span class=\"_ _0\"></span>ent finance lea<span class=\"_ _0\"></span>se receiv<span class=\"_ _0\"></span>ables (Not<span class=\"_ _0\"></span>e 12)<span class=\"_ _290\"> </span>5,865<span class=\"_ _23a\"> </span>5,656Financial ins<span class=\"_ _0\"></span>truments (Not<span class=\"_ _0\"></span>e 30)<span class=\"_ _291\"> </span>6,811<span class=\"_ _159\"> </span><span class=\"ls1 ws1\">690</span>Other non-curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _292\"> </span>3,390<span class=\"_ _293\"> </span>1,988Carrying amount 31.12<span class=\"_ _294\"> </span>19,841<span class=\"_ _238\"> </span>13,501",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__66": {
   "value": "Not<span class=\"_ _0\"></span>e 2<span class=\"_ _8\"></span>4 - Invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyCost i<span class=\"_ _0\"></span>s calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed using t<span class=\"_ _0\"></span>he FIFO co<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>ormula f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons, filling m<span class=\"_ _0\"></span>achines and sp<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ts.Inven<span class=\"_ _0\"></span>tory(EUR 1,000) Raw  W<span class=\"_ _0\"></span>ork in  Finished 2022mat<span class=\"_ _0\"></span>erials pro<span class=\"_ _a\"></span>gress<span class=\"_ _a\"></span> goods <span class=\"_ _5a\"> </span> T<span class=\"_ _1\"></span>otal Cost 3<span class=\"_ _0\"></span>1.12<span class=\"_ _295\"> </span>34,579<span class=\"_ _49\"> </span>84,954<span class=\"_ _5a\"> </span>78,549<span class=\"_ _2f\"> </span>198,082Write down 01.01<span class=\"_ _296\"> </span>-307<span class=\"_ _d8\"> </span>-<span class=\"_ _7f\"> </span>5,142<span class=\"_ _5c\"> </span>4,835Re<span class=\"_ _0\"></span>alised <span class=\"_ _9d\"> </span>308<span class=\"_ _109\"> </span>-<span class=\"_ _c4\"> </span>-615<span class=\"_ _1c8\"> </span>-308Write down<span class=\"_ _f0\"> </span>3,754<span class=\"_ _8e\"> </span>19<span class=\"_ _12c\"> </span>2,573<span class=\"_ _47\"> </span>6,347Write down per 3<span class=\"_ _0\"></span>1.12.<span class=\"_ _171\"> </span>3,755<span class=\"_ _53\"> </span>19<span class=\"_ _c8\"> </span>7,100<span class=\"_ _5e\"> </span>10,87<span class=\"_ _1\"></span>4Carrying amount 31.12<span class=\"_ _19c\"> </span>30,82<span class=\"_ _0\"></span>4<span class=\"_ _45\"> </span>84,9<span class=\"_ _0\"></span>34<span class=\"_ _4b\"> </span>71,449<span class=\"_ _103\"> </span>187,208Not<span class=\"_ _0\"></span>e 2<span class=\"_ _8\"></span>4 - Invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y <span class=\"fc3\">continued</span>(EUR 1,000) Raw  W<span class=\"_ _0\"></span>ork in  Finished 2021mat<span class=\"_ _0\"></span>erials pro<span class=\"_ _a\"></span>gress<span class=\"_ _a\"></span> goods <span class=\"_ _5a\"> </span> T<span class=\"_ _1\"></span>otal Cost 3<span class=\"_ _0\"></span>1.12<span class=\"_ _297\"> </span>20,292<span class=\"_ _46\"> </span>62,800<span class=\"_ _5a\"> </span>66,857<span class=\"_ _22\"> </span>149,9<span class=\"_ _8\"></span>49Write down 01.01<span class=\"_ _298\"> </span>3,028<span class=\"_ _73\"> </span>519<span class=\"_ _5c\"> </span>3,423<span class=\"_ _5c\"> </span>6,970Re<span class=\"_ _0\"></span>alised <span class=\"_ _107\"> </span>-3,028<span class=\"_ _118\"> </span>-519<span class=\"_ _c4\"> </span>-219<span class=\"_ _52\"> </span>-3,7<span class=\"_ _8\"></span>66Write down<span class=\"_ _51\"> </span>-307<span class=\"_ _d8\"> </span>-<span class=\"_ _84\"> </span>1,9<span class=\"_ _8\"></span>38<span class=\"_ _7b\"> </span>1,631Write down per 3<span class=\"_ _0\"></span>1.12.<span class=\"_ _299\"> </span>-307<span class=\"_ _109\"> </span>-<span class=\"_ _5c\"> </span>5,142<span class=\"_ _48\"> </span>4,835Carrying amount 31.12<span class=\"_ _29a\"> </span>20,599<span class=\"_ _22\"> </span>62,800<span class=\"_ _153\"> </span>61,715<span class=\"_ _41\"> </span>145,115",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__67": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyCost i<span class=\"_ _0\"></span>s calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed using t<span class=\"_ _0\"></span>he FIFO co<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>ormula f<span class=\"_ _8\"></span>or car<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span>ons, filling m<span class=\"_ _0\"></span>achines and sp<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ts.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__69": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyT<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade and other r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s that ar<span class=\"_ _8\"></span>e held to collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual cash flo<span class=\"_ _0\"></span>ws only and the contr<span class=\"_ _8\"></span>actual ca<span class=\"_ _0\"></span>sh flows ar<span class=\"_ _8\"></span>e solely principal and int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured <span class=\"_ _0\"></span>at amor<span class=\"_ _a\"></span>tised co<span class=\"_ _0\"></span>st usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _8\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est met<span class=\"_ _0\"></span>hod, less an<span class=\"_ _8\"></span>y impairment. Shor<span class=\"_ _a\"></span>t-t<span class=\"_ _8\"></span>erm receiv<span class=\"_ _0\"></span>ables ar<span class=\"_ _8\"></span>e measur<span class=\"_ _8\"></span>ed at nominal v<span class=\"_ _0\"></span>alues r<span class=\"_ _8\"></span>educed by appr<span class=\"_ _0\"></span>opriate allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or expect<span class=\"_ _8\"></span>ed credit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s.Accoun<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s which ar<span class=\"_ _0\"></span>e subject t<span class=\"_ _8\"></span>o non-recour<span class=\"_ _8\"></span>se f<span class=\"_ _0\"></span>actorin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sified as ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>ts held t<span class=\"_ _0\"></span>o collect contr<span class=\"_ _8\"></span>actual ca<span class=\"_ _0\"></span>sh flows and f<span class=\"_ _8\"></span>or sale and ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _8\"></span>ough other compr<span class=\"_ _8\"></span>ehensive income un<span class=\"_ _0\"></span>til they ar<span class=\"_ _8\"></span>e derecog<span class=\"_ _0\"></span>nised.See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or non-derivative fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _0\"></span>ruments ac<span class=\"_ _0\"></span>counting policy<span class=\"_ _8\"></span>.Impairmen<span class=\"_ _0\"></span>t of financi<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>etsThe los<span class=\"_ _0\"></span>s allowance f<span class=\"_ _8\"></span>or expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es is mo<span class=\"_ _0\"></span>stly r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to individual a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s and is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed f<span class=\"_ _8\"></span>or financial as<span class=\"_ _0\"></span>set mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _a\"></span>ti<span class=\"_ _0\"></span>sed cos<span class=\"_ _0\"></span>t or f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ough OCI, contr<span class=\"_ _8\"></span>act ass<span class=\"_ _0\"></span>ets under IFR<span class=\"_ _0\"></span>S 15, leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivables under IFR<span class=\"_ _8\"></span>S 16 and cer<span class=\"_ _a\"></span>tain writt<span class=\"_ _0\"></span>en loan commitment<span class=\"_ _0\"></span>s and financial g<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ee contr<span class=\"_ _8\"></span>acts. Los<span class=\"_ _0\"></span>s allowance i<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed at each r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting da<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>. Los<span class=\"_ _0\"></span>s allowance<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s, contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s and lease r<span class=\"_ _8\"></span>eceivables t<span class=\"_ _0\"></span>hat do not con<span class=\"_ _0\"></span>tain a significan<span class=\"_ _0\"></span>t financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at an amount equal t<span class=\"_ _0\"></span>o lif<span class=\"_ _0\"></span>etime expect<span class=\"_ _8\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es. L<span class=\"_ _0\"></span>oss allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivables, con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act ass<span class=\"_ _0\"></span>ets and leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at do contain a signific<span class=\"_ _0\"></span>ant financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured at an amoun<span class=\"_ _0\"></span>t equal to<span class=\"_ _0\"></span> the lif<span class=\"_ _8\"></span>etime expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es includin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _8\"></span>evenues. When t<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>s no objective evidence of impairmen<span class=\"_ _0\"></span>t, int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e calculat<span class=\"_ _8\"></span>ed based on gr<span class=\"_ _8\"></span>oss c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount, otherwise in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>ests ar<span class=\"_ _8\"></span>e calcul<span class=\"_ _0\"></span>ated b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he net carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t. The amount of the los<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed in pr<span class=\"_ _0\"></span>ofit or loss. In c<span class=\"_ _0\"></span>ase of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s to e<span class=\"_ _8\"></span>xpected cr<span class=\"_ _8\"></span>edit losse<span class=\"_ _0\"></span>s in a subs<span class=\"_ _0\"></span>equent period, the pr<span class=\"_ _8\"></span>eviously r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xt<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>at the carrying value of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed its amor<span class=\"_ _a\"></span>tiz<span class=\"_ _0\"></span>ed cost at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal dat<span class=\"_ _8\"></span>e. Any sub<span class=\"_ _0\"></span>sequent r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal of an impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in pr<span class=\"_ _0\"></span>ofit or los<span class=\"_ _0\"></span>s.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__70": {
   "value": "Impairmen<span class=\"_ _0\"></span>t of financi<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>etsThe los<span class=\"_ _0\"></span>s allowance f<span class=\"_ _8\"></span>or expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es is mo<span class=\"_ _0\"></span>stly r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to individual a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s and is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed f<span class=\"_ _8\"></span>or financial as<span class=\"_ _0\"></span>set mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _a\"></span>ti<span class=\"_ _0\"></span>sed cos<span class=\"_ _0\"></span>t or f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ough OCI, contr<span class=\"_ _8\"></span>act ass<span class=\"_ _0\"></span>ets under IFR<span class=\"_ _0\"></span>S 15, leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivables under IFR<span class=\"_ _8\"></span>S 16 and cer<span class=\"_ _a\"></span>tain writt<span class=\"_ _0\"></span>en loan commitment<span class=\"_ _0\"></span>s and financial g<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ee contr<span class=\"_ _8\"></span>acts. Los<span class=\"_ _0\"></span>s allowance i<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed at each r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting da<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>. Los<span class=\"_ _0\"></span>s allowance<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s, contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s and lease r<span class=\"_ _8\"></span>eceivables t<span class=\"_ _0\"></span>hat do not con<span class=\"_ _0\"></span>tain a significan<span class=\"_ _0\"></span>t financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at an amount equal t<span class=\"_ _0\"></span>o lif<span class=\"_ _0\"></span>etime expect<span class=\"_ _8\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es. L<span class=\"_ _0\"></span>oss allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivables, con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act ass<span class=\"_ _0\"></span>ets and leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at do contain a signific<span class=\"_ _0\"></span>ant financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured at an amoun<span class=\"_ _0\"></span>t equal to<span class=\"_ _0\"></span> the lif<span class=\"_ _8\"></span>etime expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es includin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _8\"></span>evenues. When t<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>s no objective evidence of impairmen<span class=\"_ _0\"></span>t, int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e calculat<span class=\"_ _8\"></span>ed based on gr<span class=\"_ _8\"></span>oss c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount, otherwise in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>ests ar<span class=\"_ _8\"></span>e calcul<span class=\"_ _0\"></span>ated b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he net carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t. The amount of the los<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed in pr<span class=\"_ _0\"></span>ofit or loss. In c<span class=\"_ _0\"></span>ase of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s to e<span class=\"_ _8\"></span>xpected cr<span class=\"_ _8\"></span>edit losse<span class=\"_ _0\"></span>s in a subs<span class=\"_ _0\"></span>equent period, the pr<span class=\"_ _8\"></span>eviously r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xt<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>at the carrying value of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed its amor<span class=\"_ _a\"></span>tiz<span class=\"_ _0\"></span>ed cost at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal dat<span class=\"_ _8\"></span>e. Any sub<span class=\"_ _0\"></span>sequent r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal of an impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in pr<span class=\"_ _0\"></span>ofit or los<span class=\"_ _0\"></span>s.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__68": {
   "value": "Not<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyT<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade and other r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s that ar<span class=\"_ _8\"></span>e held to collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual cash flo<span class=\"_ _0\"></span>ws only and the contr<span class=\"_ _8\"></span>actual ca<span class=\"_ _0\"></span>sh flows ar<span class=\"_ _8\"></span>e solely principal and int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured <span class=\"_ _0\"></span>at amor<span class=\"_ _a\"></span>tised co<span class=\"_ _0\"></span>st usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _8\"></span>ective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est met<span class=\"_ _0\"></span>hod, less an<span class=\"_ _8\"></span>y impairment. Shor<span class=\"_ _a\"></span>t-t<span class=\"_ _8\"></span>erm receiv<span class=\"_ _0\"></span>ables ar<span class=\"_ _8\"></span>e measur<span class=\"_ _8\"></span>ed at nominal v<span class=\"_ _0\"></span>alues r<span class=\"_ _8\"></span>educed by appr<span class=\"_ _0\"></span>opriate allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or expect<span class=\"_ _8\"></span>ed credit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s.Accoun<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s which ar<span class=\"_ _0\"></span>e subject t<span class=\"_ _8\"></span>o non-recour<span class=\"_ _8\"></span>se f<span class=\"_ _0\"></span>actorin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sified as ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>ts held t<span class=\"_ _0\"></span>o collect contr<span class=\"_ _8\"></span>actual ca<span class=\"_ _0\"></span>sh flows and f<span class=\"_ _8\"></span>or sale and ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _8\"></span>ough other compr<span class=\"_ _8\"></span>ehensive income un<span class=\"_ _0\"></span>til they ar<span class=\"_ _8\"></span>e derecog<span class=\"_ _0\"></span>nised.See Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or non-derivative fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _0\"></span>ruments ac<span class=\"_ _0\"></span>counting policy<span class=\"_ _8\"></span>.Impairmen<span class=\"_ _0\"></span>t of financi<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>etsThe los<span class=\"_ _0\"></span>s allowance f<span class=\"_ _8\"></span>or expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es is mo<span class=\"_ _0\"></span>stly r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to individual a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s and is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed f<span class=\"_ _8\"></span>or financial as<span class=\"_ _0\"></span>set mea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _a\"></span>ti<span class=\"_ _0\"></span>sed cos<span class=\"_ _0\"></span>t or f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ough OCI, contr<span class=\"_ _8\"></span>act ass<span class=\"_ _0\"></span>ets under IFR<span class=\"_ _0\"></span>S 15, leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivables under IFR<span class=\"_ _8\"></span>S 16 and cer<span class=\"_ _a\"></span>tain writt<span class=\"_ _0\"></span>en loan commitment<span class=\"_ _0\"></span>s and financial g<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ee contr<span class=\"_ _8\"></span>acts. Los<span class=\"_ _0\"></span>s allowance i<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed at each r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting da<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>. Los<span class=\"_ _0\"></span>s allowance<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s, contr<span class=\"_ _8\"></span>act asset<span class=\"_ _0\"></span>s and lease r<span class=\"_ _8\"></span>eceivables t<span class=\"_ _0\"></span>hat do not con<span class=\"_ _0\"></span>tain a significan<span class=\"_ _0\"></span>t financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e measur<span class=\"_ _8\"></span>ed at an amount equal t<span class=\"_ _0\"></span>o lif<span class=\"_ _0\"></span>etime expect<span class=\"_ _8\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es. L<span class=\"_ _0\"></span>oss allo<span class=\"_ _0\"></span>wances f<span class=\"_ _8\"></span>or tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceivables, con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act ass<span class=\"_ _0\"></span>ets and leas<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at do contain a signific<span class=\"_ _0\"></span>ant financin<span class=\"_ _0\"></span>g component ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured at an amoun<span class=\"_ _0\"></span>t equal to<span class=\"_ _0\"></span> the lif<span class=\"_ _8\"></span>etime expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es includin<span class=\"_ _0\"></span>g int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _8\"></span>evenues. When t<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>s no objective evidence of impairmen<span class=\"_ _0\"></span>t, int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>evenues ar<span class=\"_ _8\"></span>e calculat<span class=\"_ _8\"></span>ed based on gr<span class=\"_ _8\"></span>oss c<span class=\"_ _0\"></span>arr<span class=\"_ _a\"></span>ying amount, otherwise in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>ests ar<span class=\"_ _8\"></span>e calcul<span class=\"_ _0\"></span>ated b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he net carr<span class=\"_ _a\"></span>ying amoun<span class=\"_ _0\"></span>t. The amount of the los<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed in pr<span class=\"_ _0\"></span>ofit or loss. In c<span class=\"_ _0\"></span>ase of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s to e<span class=\"_ _8\"></span>xpected cr<span class=\"_ _8\"></span>edit losse<span class=\"_ _0\"></span>s in a subs<span class=\"_ _0\"></span>equent period, the pr<span class=\"_ _8\"></span>eviously r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xt<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>at the carrying value of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed its amor<span class=\"_ _a\"></span>tiz<span class=\"_ _0\"></span>ed cost at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal dat<span class=\"_ _8\"></span>e. Any sub<span class=\"_ _0\"></span>sequent r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sal of an impairmen<span class=\"_ _0\"></span>t loss i<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in pr<span class=\"_ _0\"></span>ofit or los<span class=\"_ _0\"></span>s.Not<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets <span class=\"fc3\">continued</span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021Account<span class=\"_ _0\"></span>s receivable, g<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s<span class=\"_ _236\"> </span>106,2<span class=\"_ _8\"></span>43<span class=\"_ _52\"> </span>95,7<span class=\"_ _8\"></span>64Allowance<span class=\"_ _0\"></span>s<span class=\"_ _29b\"> </span>-4,045<span class=\"_ _153\"> </span>-4,231Carrying amount 31.12<span class=\"_ _f6\"> </span>102,19<span class=\"_ _0\"></span>7<span class=\"_ _4b\"> </span>91,533T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _0\"></span>ables ar<span class=\"_ _8\"></span>e non-inter<span class=\"_ _8\"></span>est bearin<span class=\"_ _0\"></span>g and ar<span class=\"_ _0\"></span>e gener<span class=\"_ _0\"></span>ally on term<span class=\"_ _0\"></span>s of 30 to 90 d<span class=\"_ _0\"></span>ays. T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables(EUR 1,000)2022<span class=\"_ _225\"> </span>Gro<span class=\"_ _0\"></span>ss carrying amount<span class=\"_ _1bd\"> </span>Los<span class=\"_ _0\"></span>s rat<span class=\"_ _0\"></span>e<span class=\"_ _22\"> </span>Expect<span class=\"_ _0\"></span>ed credit los<span class=\"_ _0\"></span>sCurr<span class=\"_ _0\"></span>ent<span class=\"_ _15d\"> </span>84,354<span class=\"_ _29c\"> </span>2.9 %<span class=\"_ _19f\"> </span>2,443Up to 7 d<span class=\"_ _0\"></span>ays<span class=\"_ _151\"> </span>8,422<span class=\"_ _1bb\"> </span>0.0 %<span class=\"_ _db\"> </span>-Up to 30 d<span class=\"_ _0\"></span>ays<span class=\"_ _29a\"> </span>3,677<span class=\"_ _29d\"> </span>0.3 %<span class=\"_ _15f\"> </span>1130-60 days<span class=\"_ _ad\"> </span>2,558<span class=\"_ _29c\"> </span>6.6 %<span class=\"_ _13e\"> </span><span class=\"ls1 ws1\">1<span class=\"_ _a\"></span>69</span>60-90 days<span class=\"_ _299\"> </span>1,416<span class=\"_ _29c\"> </span>2.0 %<span class=\"_ _293\"> </span>29Over 90 da<span class=\"_ _0\"></span>ys<span class=\"_ _19c\"> </span>5,815<span class=\"_ _1a3\"> </span>2<span class=\"_ _0\"></span>4.0 %<span class=\"_ _29e\"> </span>1,395To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _154\"> </span>106,243<span class=\"_ _162\"> </span>3.8 %<span class=\"_ _1bb\"> </span>4,045(EUR 1,000)2021<span class=\"_ _18e\"> </span>Gross ca<span class=\"_ _0\"></span>rr<span class=\"_ _a\"></span>ying amount<span class=\"_ _1bd\"> </span>L<span class=\"_ _0\"></span>oss r<span class=\"_ _0\"></span>ate<span class=\"_ _2b\"> </span>Expected credit lo<span class=\"_ _0\"></span>ssCurr<span class=\"_ _0\"></span>ent<span class=\"_ _16f\"> </span>77,293<span class=\"_ _29f\"> </span>1.4 %<span class=\"_ _29f\"> </span>1,084Up to 7 d<span class=\"_ _0\"></span>ays<span class=\"_ _171\"> </span>5,157<span class=\"_ _29c\"> </span>0.2 %<span class=\"_ _159\"> </span>8Up to 30 d<span class=\"_ _0\"></span>ays<span class=\"_ _fc\"> </span>5,356<span class=\"_ _138\"> </span>1.3 %<span class=\"_ _95\"> </span><span class=\"lsb2 ws1d2\">67</span>30-60 days<span class=\"_ _299\"> </span>1,907<span class=\"_ _29c\"> </span>8.9 %<span class=\"_ _13e\"> </span><span class=\"ls5 wsd\">1<span class=\"_ _a\"></span>70</span>60-90 days<span class=\"_ _78\"> </span>1,198<span class=\"_ _19f\"> </span>5.2 %<span class=\"_ _2a0\"> </span><span class=\"ls5a wsaa\">62</span>Over 90 da<span class=\"_ _0\"></span>ys<span class=\"_ _195\"> </span>4,853<span class=\"_ _2a1\"> </span>58.5 %<span class=\"_ _29c\"> </span>2,840To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _203\"> </span>95,7<span class=\"_ _1\"></span>64<span class=\"_ _162\"> </span>4.4 %<span class=\"_ _19f\"> </span>4,231Not<span class=\"_ _0\"></span>e 25 \u2013 T<span class=\"_ _1\"></span>r<span class=\"_ _8\"></span>ade receiv<span class=\"_ _8\"></span>ables and other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ass<span class=\"_ _8\"></span>ets <span class=\"fc3\">continued</span>Movemen<span class=\"_ _0\"></span>t in the allow<span class=\"_ _0\"></span>ance f<span class=\"_ _0\"></span>or expect<span class=\"_ _8\"></span>ed credit los<span class=\"_ _0\"></span>ses of t<span class=\"_ _0\"></span>rade r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021As at 1.1<span class=\"_ _2a2\"> </span> 4,231<span class=\"_ _c1\"> </span> 3,834Busines<span class=\"_ _0\"></span>s combinations (not<span class=\"_ _0\"></span>e 21)<span class=\"_ _2a3\"> </span>802<span class=\"_ _d8\"> </span>-Chang<span class=\"_ _0\"></span>e in provi<span class=\"_ _0\"></span>sion for e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _0\"></span>edit loss<span class=\"_ _0\"></span>es<span class=\"_ _b4\"> </span>-721<span class=\"_ _55\"> </span><span class=\"lsa9 wsc\">4<span class=\"_ _a\"></span>93</span>Chang<span class=\"_ _0\"></span>e in write-off<span class=\"_ _2a4\"> </span>-16<span class=\"_ _69\"> </span>-18F<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange mov<span class=\"_ _0\"></span>ement<span class=\"_ _5f\"> </span>-251<span class=\"_ _108\"> </span><span class=\"lsb9 ws205\">-<span class=\"_ _a\"></span>78</span>Carrying amount 31.12<span class=\"_ _2a5\"> </span>4,045<span class=\"_ _5c\"> </span>4,231Other cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s(EUR 1,000)<span class=\"_ _148\"> </span>2022<span class=\"_ _84\"> </span>2021Pr<span class=\"_ _0\"></span>oject income earned, not invoiced<span class=\"_ _2a6\"> </span>39,195<span class=\"_ _5a\"> </span>36,27<span class=\"_ _8\"></span>6Pr<span class=\"_ _0\"></span>epaid support <span class=\"_ _2a7\"> </span>2,129<span class=\"_ _5c\"> </span>2,5201)Contr<span class=\"_ _0\"></span>act asset<span class=\"_ _0\"></span>s 41,32<span class=\"_ _0\"></span>4<span class=\"_ _15\"> </span>38,796Pr<span class=\"_ _0\"></span>epayment<span class=\"_ _0\"></span>s and accrued expens<span class=\"_ _0\"></span>es<span class=\"_ _1f5\"> </span>14,47<span class=\"_ _1\"></span>6<span class=\"_ _47\"> </span>9,997V.A.T<span class=\"_ _8\"></span>. receivable<span class=\"_ _1f6\"> </span>2<span class=\"_ _8\"></span>4,639<span class=\"_ _5a\"> </span>19,330Accrued income t<span class=\"_ _0\"></span>ax receivable<span class=\"_ _0\"></span>s<span class=\"_ _21a\"> </span>5,382<span class=\"_ _7f\"> </span>6,951Financial ins<span class=\"_ _0\"></span>truments<span class=\"_ _230\"> </span>999<span class=\"_ _47\"> </span>5,6<span class=\"_ _0\"></span>96Finance lea<span class=\"_ _0\"></span>sing receiv<span class=\"_ _0\"></span>able shor<span class=\"_ _a\"></span>t t<span class=\"_ _0\"></span>erm<span class=\"_ _2a6\"> </span>2,362<span class=\"_ _c8\"> </span>4,564Curr<span class=\"_ _0\"></span>ent invest<span class=\"_ _0\"></span>ments of shar<span class=\"_ _0\"></span>es<span class=\"_ _2a8\"> </span>4,829<span class=\"_ _d8\"> </span>-Other curr<span class=\"_ _8\"></span>ent receivable<span class=\"_ _0\"></span>s<span class=\"_ _1ed\"> </span>15,2<span class=\"_ _0\"></span>02<span class=\"_ _52\"> </span>16,260Carrying amount 31.12 1)<span class=\"_ _4a\"> </span>109,214<span class=\"_ _40\"> </span>101,5951) Contr<span class=\"_ _8\"></span>act assets consi<span class=\"_ _0\"></span>st of pr<span class=\"_ _0\"></span>epaid r<span class=\"_ _0\"></span>ebate<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omers which will be off<span class=\"_ _8\"></span>set against cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ed futur<span class=\"_ _8\"></span>e sales of carton and clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>otal of pr<span class=\"_ _0\"></span>epaid support was EUR 5,904 thou<span class=\"_ _0\"></span>sand in 2022 and EUR 7,687 t<span class=\"_ _0\"></span>housand in 2021. Based on c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>omer knowledge and e<span class=\"_ _8\"></span>xperience of ver<span class=\"_ _a\"></span>y f<span class=\"_ _0\"></span>ew loss<span class=\"_ _0\"></span>es, the cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _8\"></span>elated t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>epaid support is consider<span class=\"_ _0\"></span>ed insignific<span class=\"_ _0\"></span>ant.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__72": {
   "value": "Not<span class=\"_ _0\"></span>e 27 - Capital m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agementElopak\u2019<span class=\"_ _f\"></span>s level of capital and ho<span class=\"_ _0\"></span>w this i<span class=\"_ _0\"></span>s man<span class=\"_ _0\"></span>aged r<span class=\"_ _8\"></span>elate<span class=\"_ _0\"></span>s closely t<span class=\"_ _8\"></span>o the Compan<span class=\"_ _0\"></span>y<span class=\"_ _a\"></span>\u2019<span class=\"_ _1\"></span>s ri<span class=\"_ _0\"></span>sk pr<span class=\"_ _0\"></span>ofile and the Compan<span class=\"_ _8\"></span>y<span class=\"_ _16\"></span>\u2019<span class=\"_ _f\"></span>s abilit<span class=\"_ _a\"></span>y t<span class=\"_ _0\"></span>o withst<span class=\"_ _0\"></span>and turbulen<span class=\"_ _0\"></span>t times. The m<span class=\"_ _0\"></span>ain objectives when Elop<span class=\"_ _0\"></span>ak ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s their capital m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement is t<span class=\"_ _8\"></span>o minimize financin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>ts, while main<span class=\"_ _0\"></span>taining adequat<span class=\"_ _0\"></span>e liquidity and flexibility f<span class=\"_ _0\"></span>or shor<span class=\"_ _a\"></span>t-t<span class=\"_ _8\"></span>erm liquidity needs and M&amp;A activities. Elopak\u2019<span class=\"_ _f\"></span>s financial guidin<span class=\"_ _0\"></span>g is t<span class=\"_ _0\"></span>o pay out dividend<span class=\"_ _0\"></span>s equal to 50% - 60% of adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed net profit<span class=\"_ _0\"></span>s.All financin<span class=\"_ _0\"></span>g activities ar<span class=\"_ _8\"></span>e manag<span class=\"_ _0\"></span>ed by the cen<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>al T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y at the par<span class=\"_ _0\"></span>ent compan<span class=\"_ _8\"></span>y level. The capital need<span class=\"_ _0\"></span>s of Elopak subsidi<span class=\"_ _0\"></span>aries ar<span class=\"_ _0\"></span>e mainly co<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>ed by gr<span class=\"_ _0\"></span>anting int<span class=\"_ _8\"></span>ernal loans or b<span class=\"_ _0\"></span>y equity injection wher<span class=\"_ _0\"></span>e applicable. The short-term liquidity needs of Elop<span class=\"_ _0\"></span>ak gr<span class=\"_ _0\"></span>oup companies ar<span class=\"_ _8\"></span>e man<span class=\"_ _0\"></span>aged at gr<span class=\"_ _8\"></span>oup level thr<span class=\"_ _8\"></span>ough the Elopak int<span class=\"_ _8\"></span>ernal bank and c<span class=\"_ _0\"></span>ash-pooling. The fin<span class=\"_ _0\"></span>ancial guidin<span class=\"_ _0\"></span>g also tar<span class=\"_ _8\"></span>gets const<span class=\"_ _0\"></span>antly th<span class=\"_ _0\"></span>at the Compan<span class=\"_ _8\"></span>y reduce<span class=\"_ _0\"></span>s its gearin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>atio and to be ~2.0x EBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A on a mid-term ba<span class=\"_ _0\"></span>sis.The financial c<span class=\"_ _0\"></span>oven<span class=\"_ _0\"></span>ants under Elopak\u2019<span class=\"_ _f\"></span>s R<span class=\"_ _0\"></span>evolvin<span class=\"_ _0\"></span>g Cr<span class=\"_ _0\"></span>edit F<span class=\"_ _8\"></span>acility are limit<span class=\"_ _8\"></span>ed to a m<span class=\"_ _0\"></span>aximum gearin<span class=\"_ _0\"></span>g ratio (Net In<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est Bearin<span class=\"_ _0\"></span>g Debit/EBI<span class=\"_ _0\"></span>TD<span class=\"_ _8\"></span>A) of 4.55x and to hold a minimum equity of EUR 100 million at all times. F<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>thermor<span class=\"_ _0\"></span>e, ther<span class=\"_ _0\"></span>e is al<span class=\"_ _0\"></span>so a \u201c<span class=\"_ _8\"></span>Chang<span class=\"_ _0\"></span>e of contr<span class=\"_ _8\"></span>ol\u201d ownership cl<span class=\"_ _0\"></span>ause in place t<span class=\"_ _0\"></span>hat commits F<span class=\"_ _8\"></span>er<span class=\"_ _0\"></span>d to hold at lea<span class=\"_ _0\"></span>st 1/3 of the t<span class=\"_ _8\"></span>otal shar<span class=\"_ _8\"></span>es outst<span class=\"_ _0\"></span>anding.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__73": {
   "value": "Not<span class=\"_ _0\"></span>e 28 \u2013 Int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st-beari<span class=\"_ _0\"></span>ng loan<span class=\"_ _0\"></span>s and borr<span class=\"_ _0\"></span>owing<span class=\"_ _0\"></span>sAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicySee Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or non-derivative fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _0\"></span>ruments ac<span class=\"_ _0\"></span>counting policy<span class=\"_ _8\"></span>.Int<span class=\"_ _8\"></span>erest<span class=\"_ _0\"></span>-bearing lo<span class=\"_ _0\"></span>ans and borr<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>gs2022<span class=\"_ _23c\"> </span>2021(EUR 1,000)<span class=\"_ _2ac\"> </span>Av<span class=\"_ _0\"></span>ailable<span class=\"_ _3f\"> </span>Utilised<span class=\"_ _123\"> </span>Av<span class=\"_ _0\"></span>ailable<span class=\"_ _3f\"> </span>UtilisedCurr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _281\"> </span>57,0<span class=\"_ _0\"></span>73<span class=\"_ _153\"> </span>21,682<span class=\"_ _15\"> </span>56,804<span class=\"_ _52\"> </span>14,420Non-curr<span class=\"_ _0\"></span>ent liabilities t<span class=\"_ _0\"></span>o financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _2ad\"> </span>400,000<span class=\"_ _f9\"> </span>304,033<span class=\"_ _1b3\"> </span>400,000<span class=\"_ _2b\"> </span>169,433To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2ae\"> </span>325,715<span class=\"_ _29c\"> </span>183,854R<span class=\"_ _0\"></span>epaymen<span class=\"_ _0\"></span>t profile(EUR 1,000)<span class=\"_ _2af\"> </span>2022<span class=\"_ _6b\"> </span>20212022<span class=\"_ _181\"> </span>-<span class=\"_ _c4\"> </span>14,4202023<span class=\"_ _26c\"> </span>21,682<span class=\"_ _c8\"> </span>170,0002<span class=\"_ _a\"></span>024<span class=\"_ _1e4\"> </span>-<span class=\"_ _a4\"> </span>-2025<span class=\"_ _7c\"> </span>305,000<span class=\"_ _ac\"> </span>-To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2b0\"> </span>326,682<span class=\"_ _153\"> </span>184,420W<span class=\"_ _8\"></span>eighted a<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>age int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s on long t<span class=\"_ _0\"></span>erm loans2022<span class=\"_ _2b1\"> </span>2021(EUR 1,000)<span class=\"_ _20b\"> </span><span class=\"ff2 lsd ws1a\">Rate<span class=\"_ _47\"> </span></span>in Ccy <span class=\"_ _52\"> </span>in EUR<span class=\"_ _47\"> </span>in Ccy <span class=\"_ _52\"> </span>in EUREUR<span class=\"_ _2b2\"> </span>2,04 %<span class=\"_ _28\"> </span>305,000 <span class=\"_ _103\"> </span>305,000 <span class=\"_ _45\"> </span>17<span class=\"_ _0\"></span>0,000 <span class=\"_ _45\"> </span>170,000 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1e3\"> </span>305,000<span class=\"_ _242\"> </span>170,000The value<span class=\"_ _0\"></span>s above ar<span class=\"_ _8\"></span>e gr<span class=\"_ _0\"></span>oss amoun<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xcludin<span class=\"_ _0\"></span>g amor<span class=\"_ _a\"></span>tis<span class=\"_ _0\"></span>ed borr<span class=\"_ _0\"></span>owing co<span class=\"_ _0\"></span>sts.The long t<span class=\"_ _8\"></span>erm loans ar<span class=\"_ _0\"></span>e dr<span class=\"_ _0\"></span>awn under a EUR 400,000 multi curr<span class=\"_ _8\"></span>ency r<span class=\"_ _0\"></span>evolving cr<span class=\"_ _8\"></span>edit f<span class=\"_ _0\"></span>acility. The f<span class=\"_ _0\"></span>acility is av<span class=\"_ _0\"></span>ailable until M<span class=\"_ _0\"></span>ay 2025. Amoun<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e shown net of pr<span class=\"_ _0\"></span>epaid tr<span class=\"_ _8\"></span>ansaction co<span class=\"_ _0\"></span>sts. Chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s<span class=\"_ _a\"></span> t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _0\"></span>oups debt pr<span class=\"_ _8\"></span>ofile reflect ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in the f<span class=\"_ _0\"></span>unctional c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ency of entities within t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup.Elopak ha<span class=\"_ _0\"></span>s sev<span class=\"_ _0\"></span>eral b<span class=\"_ _0\"></span>ank coven<span class=\"_ _0\"></span>ants r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he syndicat<span class=\"_ _8\"></span>e loan f<span class=\"_ _0\"></span>acility. The m<span class=\"_ _0\"></span>ain coven<span class=\"_ _0\"></span>ants ar<span class=\"_ _8\"></span>e:<span class=\"_ _a\"></span> i) Net Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est Be<span class=\"_ _0\"></span>aring Debt divided by 12 mon<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>olling EBI<span class=\"_ _8\"></span>TD<span class=\"_ _0\"></span>A, and ii) Nominal E<span class=\"_ _8\"></span>quity. Elopak is in compli<span class=\"_ _0\"></span>ance with all cov<span class=\"_ _0\"></span>enant<span class=\"_ _0\"></span>s as of 3<span class=\"_ _0\"></span>1 December 2022 and e<span class=\"_ _0\"></span>xpects t<span class=\"_ _0\"></span>o be compliant with all bank cov<span class=\"_ _0\"></span>enan<span class=\"_ _0\"></span>ts under the sy<span class=\"_ _0\"></span>ndicat<span class=\"_ _0\"></span>e loan agr<span class=\"_ _8\"></span>eement for t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eseeable f<span class=\"_ _8\"></span>utur<span class=\"_ _8\"></span>e.Account<span class=\"_ _0\"></span>s receiv<span class=\"_ _0\"></span>ables f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>oring f<span class=\"_ _8\"></span>acilities(EUR 1,000)<span class=\"_ _2ac\"> </span>Av<span class=\"_ _0\"></span>ailable<span class=\"_ _10b\"> </span>2022<span class=\"_ _123\"> </span>Avail<span class=\"_ _0\"></span>able<span class=\"_ _194\"> </span>2<span class=\"_ _0\"></span>021Non-rec<span class=\"_ _0\"></span>ourse<span class=\"_ _a8\"> </span>17<span class=\"_ _0\"></span>9,275<span class=\"_ _c1\"> </span>41,823<span class=\"_ _46\"> </span>130,167<span class=\"_ _45\"> </span>40,034To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _231\"> </span>41,823<span class=\"_ _138\"> </span>40,034Elopak f<span class=\"_ _8\"></span>actor<span class=\"_ _0\"></span>s its r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s in the or<span class=\"_ _8\"></span>dinar<span class=\"_ _a\"></span>y cour<span class=\"_ _0\"></span>se of busine<span class=\"_ _0\"></span>ss. The r<span class=\"_ _8\"></span>elevant r<span class=\"_ _8\"></span>eceivables ar<span class=\"_ _8\"></span>e der<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and the utili<span class=\"_ _0\"></span>sed par<span class=\"_ _a\"></span>t of the f<span class=\"_ _8\"></span>acility is not pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ed as debt.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__74": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicySee Not<span class=\"_ _0\"></span>e 3 f<span class=\"_ _0\"></span>or non-derivative fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _0\"></span>ruments ac<span class=\"_ _0\"></span>counting policy<span class=\"_ _8\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__75": {
   "value": "Not<span class=\"_ _0\"></span>e 29 - Other cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t liabilitiesOther cur<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>abilities(EUR 1,000)<span class=\"_ _2af\"> </span>2022<span class=\"_ _6b\"> </span>2021Pr<span class=\"_ _0\"></span>ovisions<span class=\"_ _148\"> </span>681<span class=\"_ _7a\"> </span>1,452Accrued e<span class=\"_ _0\"></span>xpenses<span class=\"_ _4d\"> </span>7<span class=\"_ _0\"></span>0,547<span class=\"_ _155\"> </span><span class=\"ls3 wsc8\">62<span class=\"_ _a\"></span>,731</span>Derivative<span class=\"_ _0\"></span>s (Note 30)<span class=\"_ _2b3\"> </span>4,268<span class=\"_ _7a\"> </span>2,189Pr<span class=\"_ _0\"></span>epaid f<span class=\"_ _0\"></span>rom cu<span class=\"_ _0\"></span>stomer<span class=\"_ _0\"></span>s<span class=\"_ _2a9\"> </span>25,9<span class=\"_ _8\"></span>32<span class=\"_ _ca\"> </span>18,459To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _25b\"> </span>101,429<span class=\"_ _84\"> </span>84,832",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__81": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to deriv<span class=\"_ _0\"></span>ative financi<span class=\"_ _0\"></span>al instrumen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o man<span class=\"_ _0\"></span>age its e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>e and ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erial ri<span class=\"_ _0\"></span>sk arising f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, financin<span class=\"_ _0\"></span>g and inve<span class=\"_ _0\"></span>stment activities. In accor<span class=\"_ _8\"></span>dance with it<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y policy<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup does not hold or i<span class=\"_ _0\"></span>ssue deriv<span class=\"_ _0\"></span>ative financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ading purpo<span class=\"_ _0\"></span>ses.Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, where deriv<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>s qualify for hedg<span class=\"_ _0\"></span>e accounting, r<span class=\"_ _8\"></span>ecognition of an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>ant gain or los<span class=\"_ _0\"></span>s depends on the n<span class=\"_ _0\"></span>atur<span class=\"_ _8\"></span>e of the hedging r<span class=\"_ _8\"></span>elationship. The Gr<span class=\"_ _8\"></span>oup design<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s cer<span class=\"_ _a\"></span>tain deriv<span class=\"ws0\">-</span>ative<span class=\"_ _0\"></span>s as either hedg<span class=\"_ _0\"></span>e of the f<span class=\"_ _0\"></span>air value of r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets or liabilities or fir<span class=\"_ _0\"></span>m commitments (f<span class=\"_ _0\"></span>air value hedge<span class=\"_ _0\"></span>s), or hedge of highly pr<span class=\"_ _0\"></span>obable f<span class=\"_ _8\"></span>oreca<span class=\"_ _0\"></span>st tr<span class=\"_ _8\"></span>ansactions or hedge of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency risk of firm commitmen<span class=\"_ _0\"></span>ts (ca<span class=\"_ _0\"></span>sh flow hedge<span class=\"_ _0\"></span>s).At inception of the hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elationship, t<span class=\"_ _0\"></span>he entity documents t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elationship between t<span class=\"_ _0\"></span>he hedging ins<span class=\"_ _0\"></span>trument and t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, along wit<span class=\"_ _0\"></span>h its risk m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement objective<span class=\"_ _0\"></span>s and its str<span class=\"_ _8\"></span>ategy for <span class=\"_ _0\"></span>under<span class=\"_ _a\"></span>taking v<span class=\"_ _0\"></span>arious hedge tr<span class=\"_ _8\"></span>ansactions. F<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>thermor<span class=\"_ _0\"></span>e, at the inception of t<span class=\"_ _0\"></span>he hedge and on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis, t<span class=\"_ _0\"></span>he Group doc<span class=\"_ _0\"></span>uments whet<span class=\"_ _0\"></span>her the hedging in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t that is u<span class=\"_ _0\"></span>sed in a hedging r<span class=\"_ _8\"></span>elationship i<span class=\"_ _0\"></span>s highly eff<span class=\"_ _0\"></span>ective in off<span class=\"_ _0\"></span>settin<span class=\"_ _0\"></span>g chang<span class=\"_ _0\"></span>es in f<span class=\"_ _8\"></span>air values or ca<span class=\"_ _0\"></span>sh flows of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__77": {
   "value": "Accountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to deriv<span class=\"_ _0\"></span>ative financi<span class=\"_ _0\"></span>al instrumen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o man<span class=\"_ _0\"></span>age its e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>e and ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erial ri<span class=\"_ _0\"></span>sk arising f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, financin<span class=\"_ _0\"></span>g and inve<span class=\"_ _0\"></span>stment activities. In accor<span class=\"_ _8\"></span>dance with it<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y policy<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup does not hold or i<span class=\"_ _0\"></span>ssue deriv<span class=\"_ _0\"></span>ative financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ading purpo<span class=\"_ _0\"></span>ses.Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, where deriv<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>s qualify for hedg<span class=\"_ _0\"></span>e accounting, r<span class=\"_ _8\"></span>ecognition of an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>ant gain or los<span class=\"_ _0\"></span>s depends on the n<span class=\"_ _0\"></span>atur<span class=\"_ _8\"></span>e of the hedging r<span class=\"_ _8\"></span>elationship. The Gr<span class=\"_ _8\"></span>oup design<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s cer<span class=\"_ _a\"></span>tain deriv<span class=\"ws0\">-</span>ative<span class=\"_ _0\"></span>s as either hedg<span class=\"_ _0\"></span>e of the f<span class=\"_ _0\"></span>air value of r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets or liabilities or fir<span class=\"_ _0\"></span>m commitments (f<span class=\"_ _0\"></span>air value hedge<span class=\"_ _0\"></span>s), or hedge of highly pr<span class=\"_ _0\"></span>obable f<span class=\"_ _8\"></span>oreca<span class=\"_ _0\"></span>st tr<span class=\"_ _8\"></span>ansactions or hedge of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency risk of firm commitmen<span class=\"_ _0\"></span>ts (ca<span class=\"_ _0\"></span>sh flow hedge<span class=\"_ _0\"></span>s).At inception of the hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elationship, t<span class=\"_ _0\"></span>he entity documents t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elationship between t<span class=\"_ _0\"></span>he hedging ins<span class=\"_ _0\"></span>trument and t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, along wit<span class=\"_ _0\"></span>h its risk m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement objective<span class=\"_ _0\"></span>s and its str<span class=\"_ _8\"></span>ategy for <span class=\"_ _0\"></span>under<span class=\"_ _a\"></span>taking v<span class=\"_ _0\"></span>arious hedge tr<span class=\"_ _8\"></span>ansactions. F<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>thermor<span class=\"_ _0\"></span>e, at the inception of t<span class=\"_ _0\"></span>he hedge and on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis, t<span class=\"_ _0\"></span>he Group doc<span class=\"_ _0\"></span>uments whet<span class=\"_ _0\"></span>her the hedging in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t that is u<span class=\"_ _0\"></span>sed in a hedging r<span class=\"_ _8\"></span>elationship i<span class=\"_ _0\"></span>s highly eff<span class=\"_ _0\"></span>ective in off<span class=\"_ _0\"></span>settin<span class=\"_ _0\"></span>g chang<span class=\"_ _0\"></span>es in f<span class=\"_ _8\"></span>air values or ca<span class=\"_ _0\"></span>sh flows of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__76-1": {
   "value": "Not<span class=\"_ _0\"></span>e 30 - Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agementAccountin<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>olicyThe Gr<span class=\"_ _0\"></span>oup ent<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>to deriv<span class=\"_ _0\"></span>ative financi<span class=\"_ _0\"></span>al instrumen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o man<span class=\"_ _0\"></span>age its e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>e and ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erial ri<span class=\"_ _0\"></span>sk arising f<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, financin<span class=\"_ _0\"></span>g and inve<span class=\"_ _0\"></span>stment activities. In accor<span class=\"_ _8\"></span>dance with it<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _a\"></span>y policy<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup does not hold or i<span class=\"_ _0\"></span>ssue deriv<span class=\"_ _0\"></span>ative financial in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ading purpo<span class=\"_ _0\"></span>ses.Howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, where deriv<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>s qualify for hedg<span class=\"_ _0\"></span>e accounting, r<span class=\"_ _8\"></span>ecognition of an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>esult<span class=\"_ _0\"></span>ant gain or los<span class=\"_ _0\"></span>s depends on the n<span class=\"_ _0\"></span>atur<span class=\"_ _8\"></span>e of the hedging r<span class=\"_ _8\"></span>elationship. The Gr<span class=\"_ _8\"></span>oup design<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s cer<span class=\"_ _a\"></span>tain deriv<span class=\"ws0\">-</span>ative<span class=\"_ _0\"></span>s as either hedg<span class=\"_ _0\"></span>e of the f<span class=\"_ _0\"></span>air value of r<span class=\"_ _8\"></span>ecognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets or liabilities or fir<span class=\"_ _0\"></span>m commitments (f<span class=\"_ _0\"></span>air value hedge<span class=\"_ _0\"></span>s), or hedge of highly pr<span class=\"_ _0\"></span>obable f<span class=\"_ _8\"></span>oreca<span class=\"_ _0\"></span>st tr<span class=\"_ _8\"></span>ansactions or hedge of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency risk of firm commitmen<span class=\"_ _0\"></span>ts (ca<span class=\"_ _0\"></span>sh flow hedge<span class=\"_ _0\"></span>s).At inception of the hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elationship, t<span class=\"_ _0\"></span>he entity documents t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elationship between t<span class=\"_ _0\"></span>he hedging ins<span class=\"_ _0\"></span>trument and t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, along wit<span class=\"_ _0\"></span>h its risk m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ement objective<span class=\"_ _0\"></span>s and its str<span class=\"_ _8\"></span>ategy for <span class=\"_ _0\"></span>under<span class=\"_ _a\"></span>taking v<span class=\"_ _0\"></span>arious hedge tr<span class=\"_ _8\"></span>ansactions. F<span class=\"_ _8\"></span>ur<span class=\"_ _a\"></span>thermor<span class=\"_ _0\"></span>e, at the inception of t<span class=\"_ _0\"></span>he hedge and on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis, t<span class=\"_ _0\"></span>he Group doc<span class=\"_ _0\"></span>uments whet<span class=\"_ _0\"></span>her the hedging in<span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>t that is u<span class=\"_ _0\"></span>sed in a hedging r<span class=\"_ _8\"></span>elationship i<span class=\"_ _0\"></span>s highly eff<span class=\"_ _0\"></span>ective in off<span class=\"_ _0\"></span>settin<span class=\"_ _0\"></span>g chang<span class=\"_ _0\"></span>es in f<span class=\"_ _8\"></span>air values or ca<span class=\"_ _0\"></span>sh flows of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em.Balance sheet m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gementThe Gr<span class=\"_ _0\"></span>oup man<span class=\"_ _0\"></span>ages t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet to en<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e a health<span class=\"_ _8\"></span>y financial position and liquidity<span class=\"_ _0\"></span>. This i<span class=\"_ _0\"></span>s done thr<span class=\"_ _8\"></span>ough an annual budgeting pr<span class=\"_ _0\"></span>oces<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ollowed by perfor<span class=\"_ _0\"></span>mance m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>t and f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecas<span class=\"_ _0\"></span>ting updat<span class=\"_ _8\"></span>es t<span class=\"_ _0\"></span>o ensur<span class=\"_ _8\"></span>e adequate financi<span class=\"_ _0\"></span>al flexibility and liquidity f<span class=\"_ _0\"></span>or the Compan<span class=\"_ _8\"></span>y. The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _f\"></span>s main bank co<span class=\"_ _0\"></span>venan<span class=\"_ _0\"></span>ts, es<span class=\"_ _0\"></span>pecially the net int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st bearing debt/ E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A, are monit<span class=\"_ _8\"></span>ored clos<span class=\"_ _0\"></span>ely on a continuous ba<span class=\"_ _0\"></span>sis t<span class=\"_ _0\"></span>o ensur<span class=\"_ _8\"></span>e compliance at all times.Fina<span class=\"_ _0\"></span>ncial risk policyThe Gr<span class=\"_ _0\"></span>oup is e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et risk, cr<span class=\"_ _8\"></span>edit risk and liquidity risk. Ri<span class=\"_ _0\"></span>sk man<span class=\"_ _8\"></span>agement activities ar<span class=\"_ _0\"></span>e gov<span class=\"_ _0\"></span>erned by appr<span class=\"_ _8\"></span>opriate policie<span class=\"_ _0\"></span>s and procedur<span class=\"_ _8\"></span>es. Ris<span class=\"_ _0\"></span>ks ar<span class=\"_ _8\"></span>e identified, measur<span class=\"_ _8\"></span>ed and man<span class=\"_ _0\"></span>aged in accor<span class=\"_ _8\"></span>dance with t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's policies and risk objectiv<span class=\"_ _0\"></span>es. It i<span class=\"_ _0\"></span>s the Gr<span class=\"_ _0\"></span>oup's policy th<span class=\"_ _0\"></span>at no tr<span class=\"_ _0\"></span>ading in deriv<span class=\"_ _0\"></span>atives f<span class=\"_ _8\"></span>or speculativ<span class=\"_ _0\"></span>e purpos<span class=\"_ _0\"></span>es sh<span class=\"_ _0\"></span>all be under<span class=\"_ _a\"></span>tak<span class=\"_ _0\"></span>en. Ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no significan<span class=\"_ _0\"></span>t chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he mana<span class=\"_ _0\"></span>gement of ris<span class=\"_ _0\"></span>ks r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o financials durin<span class=\"_ _0\"></span>g the period.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>CA<span class=\"_ _1\"></span>T<span class=\"_ _8\"></span>EGOR<span class=\"_ _0\"></span>IES OF FINANCIAL R<span class=\"_ _8\"></span>ISK T<span class=\"_ _8\"></span>O OPERA<span class=\"_ _1\"></span>TIONAL BUSINE<span class=\"_ _0\"></span>SS1. Mar<span class=\"_ _0\"></span>ket ri<span class=\"_ _0\"></span>skMark<span class=\"_ _8\"></span>et risk i<span class=\"_ _0\"></span>s the risk t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash flows of a fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _0\"></span>trument will fluctuat<span class=\"_ _8\"></span>e because of ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et prices. Mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es compris<span class=\"_ _0\"></span>e thr<span class=\"_ _8\"></span>ee t<span class=\"_ _a\"></span>ypes of ri<span class=\"_ _0\"></span>sk: curr<span class=\"_ _8\"></span>ency risk, commodity price risk and in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ate ri<span class=\"_ _0\"></span>sk. Elopak buys deriv<span class=\"_ _0\"></span>atives t<span class=\"_ _8\"></span>o manag<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s and seek<span class=\"_ _0\"></span>s to apply hedg<span class=\"_ _0\"></span>e accounting t<span class=\"_ _8\"></span>o manag<span class=\"_ _0\"></span>e volatility in pr<span class=\"_ _8\"></span>ofit or loss. Hedge accountin<span class=\"_ _0\"></span>g is applied t<span class=\"_ _0\"></span>o all curr<span class=\"_ _8\"></span>ency and commodit<span class=\"_ _a\"></span>y derivativ<span class=\"_ _0\"></span>es, while int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e derivative<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not subject t<span class=\"_ _0\"></span>o hedge accoun<span class=\"_ _0\"></span>tingDerivativ<span class=\"_ _0\"></span>esDecember 31, 2022<span class=\"_ _204\"> </span>December 31, 2021(EUR 1,000)<span class=\"_ _96\"> </span><span class=\"ff2 ls17 ws66\">As<span class=\"_ _a\"></span>sets<span class=\"_ _2b4\"> </span></span>Liabilities<span class=\"_ _1c8\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _16\"></span>a<span class=\"_ _16\"></span>l<span class=\"_ _c1\"> </span><span class=\"ls17 ws66\">As<span class=\"_ _a\"></span>sets<span class=\"_ _2b4\"> </span></span>Liabilities<span class=\"_ _1c8\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"></span>t<span class=\"_ _16\"></span>a<span class=\"_ _16\"></span>l</span>Curr<span class=\"_ _0\"></span>ency derivatives<span class=\"_ _13e\"> </span><span class=\"lsb5 ws1f8\">74<span class=\"_ _2\"> </span>7<span class=\"_ _142\"> </span></span>1,280<span class=\"_ _142\"> </span>-534<span class=\"_ _50\"> </span>836<span class=\"_ _10b\"> </span>2,079<span class=\"_ _4c\"> </span>-1,244Commodity derivatives<span class=\"_ _2b5\"> </span>-<span class=\"_ _194\"> </span>3,3<span class=\"_ _0\"></span>18<span class=\"_ _4c\"> </span>-3,318<span class=\"_ _5c\"> </span>5,303<span class=\"_ _104\"> </span>-<span class=\"_ _47\"> </span>5,303Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t derivatives<span class=\"_ _90\"> </span>7,063<span class=\"_ _104\"> </span>-<span class=\"_ _12c\"> </span>7,063<span class=\"_ _108\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _a\"></span>8<span class=\"_ _12c\"> </span></span>2,058<span class=\"_ _84\"> </span>-1,811To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2b6\"> </span>7,810<span class=\"_ _c8\"> </span>4,598<span class=\"_ _1c8\"> </span>3,212<span class=\"_ _c8\"> </span>6,386<span class=\"_ _47\"> </span>4,138<span class=\"_ _47\"> </span>2,2<span class=\"_ _0\"></span>49The f<span class=\"_ _0\"></span>ull f<span class=\"_ _0\"></span>air value of a derivativ<span class=\"_ _0\"></span>e is cla<span class=\"_ _0\"></span>ssified as \"Ot<span class=\"_ _0\"></span>her non-curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets or \"Other non-cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> liabilities\" if t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g mat<span class=\"_ _0\"></span>urity of the derivativ<span class=\"_ _0\"></span>e is mor<span class=\"_ _8\"></span>e than 12 mont<span class=\"_ _0\"></span>hs and, as \"Ot<span class=\"_ _0\"></span>her curr<span class=\"_ _8\"></span>ent<span class=\"_ _a\"></span> ass<span class=\"_ _0\"></span>ets\" or \"Other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent liabilitie<span class=\"_ _0\"></span>s\", if the mat<span class=\"_ _8\"></span>urit<span class=\"_ _a\"></span>y of the deriv<span class=\"_ _0\"></span>ative i<span class=\"_ _0\"></span>s less t<span class=\"_ _0\"></span>han 12 mont<span class=\"_ _0\"></span>hs. The f<span class=\"_ _0\"></span>air value e<span class=\"_ _0\"></span>stimation of deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments h<span class=\"_ _0\"></span>as been arriv<span class=\"_ _0\"></span>ed at by applying a lev<span class=\"_ _0\"></span>el 2<span class=\"_ _a\"></span> valuation met<span class=\"_ _0\"></span>hodolog<span class=\"_ _a\"></span>y which us<span class=\"_ _0\"></span>es inputs ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an unadjus<span class=\"_ _0\"></span>ted quot<span class=\"_ _8\"></span>ed prices f<span class=\"_ _0\"></span>or identical a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s<span class=\"_ _a\"></span> and liabilities, wit<span class=\"_ _0\"></span>h chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _8\"></span>air value ar<span class=\"_ _0\"></span>e ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e recog<span class=\"_ _0\"></span>nized in t<span class=\"_ _0\"></span>he income stat<span class=\"_ _0\"></span>ement. No other m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial financial a<span class=\"_ _0\"></span>ssets or li<span class=\"_ _0\"></span>abilities ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _8\"></span>ough profit or lo<span class=\"_ _0\"></span>ss.Wher<span class=\"_ _0\"></span>e eligible, derivativ<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or hedging ar<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ed in ca<span class=\"_ _0\"></span>sh flow hedge accoun<span class=\"_ _0\"></span>ting r<span class=\"_ _0\"></span>elationship<span class=\"_ _0\"></span>s.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Curr<span class=\"_ _0\"></span>ency riskElopak's e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to t<span class=\"_ _0\"></span>he risk of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es prim<span class=\"_ _0\"></span>arily to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's oper<span class=\"_ _0\"></span>ating activities, fin<span class=\"_ _0\"></span>ancing of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n oper<span class=\"_ _0\"></span>ations and the Gr<span class=\"_ _8\"></span>oup's net invest<span class=\"_ _0\"></span>ments in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign sub<span class=\"_ _0\"></span>sidiaries.The carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amounts of the Gr<span class=\"_ _8\"></span>oup's f<span class=\"_ _0\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency denominat<span class=\"_ _0\"></span>ed monetar<span class=\"_ _a\"></span>y ass<span class=\"_ _0\"></span>ets and monetar<span class=\"_ _a\"></span>y liabilities at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate ar<span class=\"_ _8\"></span>e as f<span class=\"_ _0\"></span>ollows:2022 2021 20222021Currenc<span class=\"_ _0\"></span>yAsse<span class=\"_ _a\"></span>tsAsse<span class=\"_ _a\"></span>tsLiabilitiesLiabilitiesBGN<span class=\"_ _2ac\"> </span>222<span class=\"_ _e3\"> </span><span class=\"ls2 ws14\"> 76<span class=\"_ _16\"></span> <span class=\"_ _1cb\"> </span></span>238<span class=\"_ _a2\"> </span> 89 CAD<span class=\"_ _ea\"> </span>22,928<span class=\"_ _d8\"> </span> 9,145 <span class=\"_ _27b\"> </span>95,182<span class=\"_ _73\"> </span> 89,004 CHF<span class=\"_ _298\"> </span>4,33<span class=\"_ _0\"></span>7<span class=\"_ _77\"> </span> 3,440 <span class=\"_ _66\"> </span>4,252<span class=\"_ _da\"> </span> 3,420 CZK<span class=\"_ _189\"> </span>57,588<span class=\"_ _73\"> </span> 49,460 <span class=\"_ _7a\"> </span>68,479<span class=\"_ _69\"> </span> 50,082 DKK<span class=\"_ _177\"> </span>2,49<span class=\"_ _8\"></span>4,348<span class=\"_ _10b\"> </span> 2,080,113 <span class=\"_ _60\"> </span>2,403,598<span class=\"_ _1c8\"> </span> 2,017,377 DZD<span class=\"_ _2b7\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _d4\"> </span>4,577<span class=\"_ _66\"> </span> 2,96<span class=\"_ _8\"></span>9 EUR<span class=\"_ _2b8\"> </span>4,910<span class=\"_ _da\"> </span> 11,27<span class=\"_ _0\"></span>0 <span class=\"_ _d4\"> </span>3,910<span class=\"_ _66\"> </span> 13,611 GBP<span class=\"_ _2b9\"> </span>26,313<span class=\"_ _6b\"> </span> 20,198 <span class=\"_ _df\"> </span>27,07<span class=\"_ _8\"></span>6<span class=\"_ _6d\"> </span> 20,7<span class=\"_ _8\"></span>63 HUF<span class=\"_ _15b\"> </span>638,998<span class=\"_ _df\"> </span>481,147 <span class=\"_ _50\"> </span>603,17<span class=\"_ _8\"></span>6<span class=\"_ _13c\"> </span>471,430 NIS<span class=\"_ _2ba\"> </span>8<span class=\"_ _b1\"> </span>86<span class=\"_ _0\"></span>1 <span class=\"_ _bc\"> </span>-<span class=\"_ _2bb\"> </span> - JPY<span class=\"_ _2bc\"> </span>4,091,538<span class=\"_ _5c\"> </span> 3,364,7<span class=\"_ _8\"></span>67 <span class=\"_ _c8\"> </span>2,077,533<span class=\"_ _c8\"> </span> 1,868,580 MXN<span class=\"_ _2bd\"> </span>65,2<span class=\"_ _0\"></span>40<span class=\"_ _7a\"> </span> 62,284 <span class=\"_ _62\"> </span>65,645<span class=\"_ _7a\"> </span> 65,329 NOK<span class=\"_ _174\"> </span>2,09<span class=\"_ _8\"></span>3,232<span class=\"_ _84\"> </span> 1,702,841 <span class=\"_ _60\"> </span>2,089,246<span class=\"_ _7f\"> </span> 1,689,129 PLN<span class=\"_ _2b9\"> </span>47,729<span class=\"_ _7a\"> </span> 33,010 <span class=\"_ _6b\"> </span>51,036<span class=\"_ _7a\"> </span> 33,795 RU<span class=\"_ _a\"></span>R<span class=\"_ _17f\"> </span>1,344,7<span class=\"_ _0\"></span>03<span class=\"_ _47\"> </span> 1,9<span class=\"_ _8\"></span>32,644 <span class=\"_ _12c\"> </span>1,344,97<span class=\"_ _0\"></span>8<span class=\"_ _7f\"> </span> 2,759,817 SAR<span class=\"_ _2be\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _109\"> </span>3,27<span class=\"_ _8\"></span>4<span class=\"_ _bc\"> </span> - SEK<span class=\"_ _2b9\"> </span>19<span class=\"_ _0\"></span>3,612<span class=\"_ _53\"> </span>111,564 <span class=\"_ _69\"> </span>19<span class=\"_ _0\"></span>4,541<span class=\"_ _da\"> </span>112,517 TND<span class=\"_ _114\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _a2\"> </span>57<span class=\"_ _2bf\"> </span> 34 UAH<span class=\"_ _f5\"> </span>-<span class=\"_ _6d\"> </span> 82,796 <span class=\"_ _bc\"> </span>-<span class=\"_ _df\"> </span> 14,468 USD<span class=\"_ _ea\"> </span>86,368<span class=\"_ _df\"> </span> 65,150 <span class=\"_ _df\"> </span>51,649<span class=\"_ _19a\"> </span> 38,433 F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e risk f<span class=\"_ _8\"></span>rom oper<span class=\"_ _8\"></span>ating activities s<span class=\"_ _0\"></span>uch as sal<span class=\"_ _0\"></span>aries and per<span class=\"_ _0\"></span>sonnel tax ar<span class=\"_ _8\"></span>e manag<span class=\"_ _0\"></span>ed by hedgin<span class=\"_ _0\"></span>g tr<span class=\"_ _0\"></span>ansactions t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e highly probable t<span class=\"_ _8\"></span>o occur within periods out 18 mon<span class=\"_ _0\"></span>ths b<span class=\"_ _0\"></span>y ent<span class=\"_ _0\"></span>ering int<span class=\"_ _8\"></span>o for<span class=\"_ _8\"></span>eign curr<span class=\"_ _8\"></span>ency contr<span class=\"_ _0\"></span>acts. The Gr<span class=\"_ _8\"></span>oup employs a la<span class=\"_ _0\"></span>yering policy in which t<span class=\"_ _0\"></span>he near<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t calendar quarter is hedg<span class=\"_ _0\"></span>ed up to 90% wit<span class=\"_ _0\"></span>h cov<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e decr<span class=\"_ _0\"></span>easing in s<span class=\"_ _0\"></span>tep<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o 15% at 18 month<span class=\"_ _0\"></span>s out.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Curr<span class=\"_ _0\"></span>ency e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e of filling machine<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e hedged at a one-t<span class=\"_ _0\"></span>o-one basi<span class=\"_ _0\"></span>s (100% cov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge at the specified d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of payment).Hedge accoun<span class=\"_ _0\"></span>ting is applied t<span class=\"_ _8\"></span>o all curr<span class=\"_ _0\"></span>ency derivative<span class=\"_ _0\"></span>s, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ept f<span class=\"_ _0\"></span>or cro<span class=\"_ _0\"></span>ss-cur<span class=\"_ _0\"></span>rency in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>waps which ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as financial inc<span class=\"_ _0\"></span>ome or financial e<span class=\"_ _0\"></span>xpense in pr<span class=\"_ _8\"></span>ofit or loss. Hedge accoun<span class=\"_ _0\"></span>ting is dede<span class=\"_ _0\"></span>signat<span class=\"_ _8\"></span>ed at the dat<span class=\"_ _0\"></span>e of r<span class=\"_ _0\"></span>ecognition of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, howev<span class=\"_ _0\"></span>er the deriv<span class=\"_ _0\"></span>atives ar<span class=\"_ _8\"></span>e due at the dat<span class=\"_ _8\"></span>e of expect<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>t. At dedesign<span class=\"_ _0\"></span>ation, the f<span class=\"_ _8\"></span>air value of the hedgin<span class=\"_ _0\"></span>g derivative<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecycled f<span class=\"_ _0\"></span>rom Hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eserve in equity t<span class=\"_ _0\"></span>o the hedged it<span class=\"_ _0\"></span>em (i.e. filling m<span class=\"_ _0\"></span>achine r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y) and to pr<span class=\"_ _8\"></span>ofit or loss t<span class=\"_ _0\"></span>o the same acc<span class=\"_ _0\"></span>ounting line and at the s<span class=\"_ _0\"></span>ame time as the hedged it<span class=\"_ _8\"></span>em is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNomin<span class=\"_ _0\"></span>al amount(EUR 1,000)<span class=\"_ _2c0\"> </span>December 31, 2022<span class=\"_ _91\"> </span>December 31, 2021Currenc<span class=\"_ _0\"></span>y<span class=\"_ _98\"> </span>Ccy<span class=\"_ _2bf\"> </span><span class=\"ls61 wsba\">EUR<span class=\"_ _27e\"> </span></span>Ccy<span class=\"_ _2bf\"> </span><span class=\"ls61 wsba\">EUR</span>EUR<span class=\"_ _179\"> </span>-72,633<span class=\"_ _77\"> </span>-72,633<span class=\"_ _13c\"> </span> -140,148 <span class=\"_ _155\"> </span> -140,148 JPY<span class=\"_ _2c1\"> </span>9,46<span class=\"_ _0\"></span>1,714<span class=\"_ _6f\"> </span><span class=\"lsb2 ws1d2\">67,267<span class=\"_ _14f\"> </span></span> 3,927,814 <span class=\"_ _da\"> </span> 30,126 NOK<span class=\"_ _2c1\"> </span>255,426<span class=\"_ _18b\"> </span>24,29<span class=\"_ _8\"></span>4<span class=\"_ _4e\"> </span>256,305 <span class=\"_ _8e\"> </span> 25,659 USD<span class=\"_ _87\"> </span>-2<span class=\"_ _0\"></span>4,231<span class=\"_ _d4\"> </span>-22,718<span class=\"_ _8e\"> </span> 95,000 <span class=\"_ _77\"> </span> 83,878 T<span class=\"_ _1\"></span>otal nominal v<span class=\"_ _0\"></span>alue<span class=\"_ _a9\"> </span>-3,790<span class=\"_ _288\"> </span>-485T<span class=\"_ _1\"></span>otal fair v<span class=\"_ _0\"></span>alue<span class=\"_ _80\"> </span>-534<span class=\"_ _210\"> </span>-1,2<span class=\"_ _8\"></span>44P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Int<span class=\"_ _8\"></span>erest ri<span class=\"_ _0\"></span>skElopak's e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to t<span class=\"_ _0\"></span>he risk of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in mar<span class=\"_ _0\"></span>ket in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es prim<span class=\"_ _0\"></span>arily to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's long-t<span class=\"_ _0\"></span>erm debt obligations wit<span class=\"_ _0\"></span>h floating in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ates. T<span class=\"_ _f\"></span>o man<span class=\"_ _0\"></span>age thi<span class=\"_ _0\"></span>s risk, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup main<span class=\"_ _0\"></span>tains a por<span class=\"_ _a\"></span>tion of its borr<span class=\"_ _8\"></span>owings at fix<span class=\"_ _8\"></span>ed rat<span class=\"_ _8\"></span>es of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est b<span class=\"_ _0\"></span>y ent<span class=\"_ _0\"></span>ering int<span class=\"_ _8\"></span>o inter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e swap<span class=\"_ _0\"></span>s. These s<span class=\"_ _0\"></span>waps ar<span class=\"_ _8\"></span>e design<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o hedge underlying debt obligation<span class=\"_ _0\"></span>s; howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, they ar<span class=\"_ _0\"></span>e not subject t<span class=\"_ _8\"></span>o hedge accounting.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNotional amoun<span class=\"_ _0\"></span>ts and fai<span class=\"_ _0\"></span>r values<span class=\"_ _19b\"> </span>December 31, 2022<span class=\"_ _2c2\"> </span>December 31, 2021NotionalFa<span class=\"_ _a\"></span>i<span class=\"_ _a\"></span>rNotionalFa<span class=\"_ _a\"></span>i<span class=\"_ _a\"></span>r(EUR 1,000)<span class=\"_ _29c\"> </span><span class=\"ff2\">Cur<span class=\"_ _0\"></span>rency</span>EURvalueEURvalueInterest<span class=\"_ _133\"> </span>EUR<span class=\"_ _ac\"> </span>120,000<span class=\"_ _84\"> </span>7,063<span class=\"_ _1f9\"> </span>140,000<span class=\"_ _2c3\"> </span>-1,811To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2c4\"> </span>7,063<span class=\"_ _2c5\"> </span>-1,811P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Commodity price riskElopak's oper<span class=\"_ _0\"></span>ating activitie<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>equire a c<span class=\"_ _0\"></span>ontinuous supply of aluminium and poly<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>ylene. Based on a 12-month f<span class=\"_ _8\"></span>or<span class=\"_ _0\"></span>ecast of r<span class=\"_ _8\"></span>equir<span class=\"_ _0\"></span>ements the Gr<span class=\"_ _8\"></span>oup man<span class=\"_ _0\"></span>ages t<span class=\"_ _0\"></span>he commodity price risk by hedging t<span class=\"_ _0\"></span>he pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price of the commodity with t<span class=\"_ _0\"></span>he use of commodity price sw<span class=\"_ _0\"></span>aps. Hedge accountin<span class=\"_ _0\"></span>g is applied f<span class=\"_ _8\"></span>or all commodit<span class=\"_ _a\"></span>y derivativ<span class=\"_ _0\"></span>es. As per December 3<span class=\"_ _0\"></span>1, 2022 t<span class=\"_ _0\"></span>he hedged amount of P<span class=\"_ _8\"></span>olyeth<span class=\"_ _0\"></span>ylene derivative<span class=\"_ _0\"></span>s is 36% of e<span class=\"_ _8\"></span>xpected pur<span class=\"_ _8\"></span>chase f<span class=\"_ _8\"></span>or the ne<span class=\"_ _0\"></span>xt 12 months.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNotional amoun<span class=\"_ _0\"></span>ts and fai<span class=\"_ _0\"></span>r values<span class=\"_ _204\"> </span>December 31, 2022<span class=\"_ _2c2\"> </span>December 3<span class=\"_ _0\"></span>1, 2021(EUR 1,000)Metric T<span class=\"_ _1\"></span>onnes<span class=\"_ _5a\"> </span>F<span class=\"_ _0\"></span>air value<span class=\"_ _121\"> </span>Metric T<span class=\"_ _1\"></span>onnes<span class=\"_ _5a\"> </span>F<span class=\"_ _0\"></span>air valueP<span class=\"_ _0\"></span>olyethylene<span class=\"_ _98\"> </span>13,000<span class=\"_ _53\"> </span>-2,57<span class=\"_ _8\"></span>6<span class=\"_ _da\"> </span>7,800<span class=\"_ _da\"> </span>5,084Aluminium<span class=\"_ _20d\"> </span>8,400<span class=\"_ _e8\"> </span>-7<span class=\"_ _8\"></span>43<span class=\"_ _1af\"> </span>2,700<span class=\"_ _d2\"> </span>219To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _76\"> </span>-3,318<span class=\"_ _1b7\"> </span>5,303P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>SensitivityThe f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able demonstr<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s the sensitivity t<span class=\"_ _0\"></span>o a r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>onably pos<span class=\"_ _0\"></span>sible chan<span class=\"_ _0\"></span>ge in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s (f<span class=\"_ _0\"></span>or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts), commodity prices (f<span class=\"_ _8\"></span>or commodity swaps) and in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s (f<span class=\"_ _0\"></span>or int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate sw<span class=\"_ _0\"></span>aps) with all ot<span class=\"_ _0\"></span>her variable<span class=\"_ _0\"></span>s being held cons<span class=\"_ _0\"></span>tant. The impact on t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's equity is due t<span class=\"_ _0\"></span>o chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of derivativ<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>signat<span class=\"_ _8\"></span>ed as cas<span class=\"_ _0\"></span>h flow hedge<span class=\"_ _0\"></span>s.Numbers a<span class=\"_ _0\"></span>re bef<span class=\"_ _8\"></span>ore taxDecember 31, 2022<span class=\"_ _204\"> </span>December 31, 2021(EUR 1,000)<span class=\"_ _158\"> </span>Movement<span class=\"_ _4\"> </span>Eff<span class=\"_ _0\"></span>ect on profit<span class=\"_ _14\"> </span>Effect on equity<span class=\"_ _4\"> </span>Eff<span class=\"_ _0\"></span>ect on profit<span class=\"_ _14\"> </span>Effect on equity+5%-1,414-8,222-4,119-8,010F<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange derivativ<span class=\"_ _0\"></span>es-5%2131,6384,2897,9<span class=\"_ _8\"></span>33+5% -1,46<span class=\"_ _0\"></span>1 -815Commodity swaps-5%--1,46<span class=\"_ _0\"></span>1--815+1%2,010 -3,5973,597Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e swaps-1%-2,09<span class=\"_ _8\"></span>3--3,773-3,773P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.2. Liquidity riskElopak's objective<span class=\"_ _0\"></span> is t<span class=\"_ _0\"></span>o maint<span class=\"_ _0\"></span>ain a balance betw<span class=\"_ _0\"></span>een continuity of f<span class=\"_ _0\"></span>unding, and fle<span class=\"_ _0\"></span>xibility thr<span class=\"_ _0\"></span>ough the u<span class=\"_ _0\"></span>se of bank loans and o<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>draft f<span class=\"_ _0\"></span>acilities.The mat<span class=\"_ _0\"></span>urity pr<span class=\"_ _0\"></span>ofile of the Gr<span class=\"_ _0\"></span>oup's financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities ba<span class=\"_ _0\"></span>sed on cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>s summari<span class=\"_ _0\"></span>sed belo<span class=\"_ _0\"></span>w. The tables only s<span class=\"_ _0\"></span>how balanc<span class=\"_ _0\"></span>e sheet it<span class=\"_ _0\"></span>ems cla<span class=\"_ _0\"></span>ssified as fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments and do not include ot<span class=\"_ _0\"></span>her balance s<span class=\"_ _0\"></span>heet item<span class=\"_ _0\"></span>s aff<span class=\"_ _0\"></span>ecting liquidity<span class=\"_ _0\"></span>, such as inv<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ories. Als<span class=\"_ _0\"></span>o, off-balance s<span class=\"_ _0\"></span>heet item<span class=\"_ _0\"></span>s such as unus<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit f<span class=\"_ _0\"></span>acilities ar<span class=\"_ _0\"></span>e not included. The derivativ<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>uments m<span class=\"_ _0\"></span>ay be settled g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oss or net wit<span class=\"_ _0\"></span>h the r<span class=\"_ _0\"></span>elevan<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ocol being r<span class=\"_ _8\"></span>eflected in the t<span class=\"_ _0\"></span>ables.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Contr<span class=\"_ _8\"></span>actual mat<span class=\"_ _8\"></span>urities of financi<span class=\"_ _0\"></span>al liabilities, includi<span class=\"_ _0\"></span>ng esti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ed int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st pa<span class=\"_ _0\"></span>yments2022Non-derivatie<span class=\"_ _0\"></span>s financial liabilitie<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesLoans and bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs (Note 28)<span class=\"_ _2c7\"> </span>325,715 <span class=\"_ _1b3\"> </span>32,7<span class=\"_ _1\"></span>60<span class=\"_ _43\"> </span>319,451<span class=\"_ _50\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _28d\"> </span>352,211Account<span class=\"_ _0\"></span>s payable<span class=\"_ _2c8\"> </span>12<span class=\"_ _0\"></span>4,038 <span class=\"_ _12b\"> </span>12<span class=\"_ _8\"></span>4,038 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _12b\"> </span>124,0<span class=\"_ _0\"></span>38 Other liabilities<span class=\"_ _2c9\"> </span>165,105 <span class=\"_ _28d\"> </span> 78,108 <span class=\"_ _123\"> </span> 28,708 <span class=\"_ _2ca\"> </span> 18,847 <span class=\"_ _123\"> </span> 3<span class=\"_ _8\"></span>9,442 <span class=\"_ _12e\"> </span>165,105 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _193\"> </span>6<span class=\"_ _8\"></span>14,859<span class=\"_ _121\"> </span> 2341906<span class=\"_ _12b\"> </span>348,159<span class=\"_ _f9\"> </span>18,847<span class=\"_ _1b3\"> </span>3<span class=\"_ _0\"></span>9,442<span class=\"_ _2b4\"> </span>641,354Derivative<span class=\"_ _0\"></span>s financial in<span class=\"_ _0\"></span>strumentsT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesF<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span> 1,280 <span class=\"_ _c8\"> </span>951 <span class=\"_ _c1\"> </span>330 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _3f\"> </span> 1,280 Commodities<span class=\"_ _2cc\"> </span> 3,318 <span class=\"_ _ed\"> </span> 3,318 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _ed\"> </span> 3,318 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _9b\"> </span>4,598<span class=\"_ _22\"> </span>4,2<span class=\"_ _0\"></span>69<span class=\"_ _60\"> </span>330<span class=\"_ _62\"> </span>-<span class=\"_ _62\"> </span>-<span class=\"_ _2f\"> </span>4,5982021Non-derivatie<span class=\"_ _0\"></span>s financial liabilitie<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesLoans and bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs (Note 28)<span class=\"_ _28f\"> </span>183,854 <span class=\"_ _28d\"> </span> 14,859 <span class=\"_ _12b\"> </span>16<span class=\"_ _0\"></span>9,433 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _2c6\"> </span>184,292 Account<span class=\"_ _0\"></span>s payable<span class=\"_ _2cd\"> </span>119,57<span class=\"_ _1\"></span>4 <span class=\"_ _119\"> </span>119,57<span class=\"_ _8\"></span>4 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _119\"> </span>119,57<span class=\"_ _1\"></span>4 Other liabilities<span class=\"_ _280\"> </span>167,345 <span class=\"_ _139\"> </span> 78,222 <span class=\"_ _123\"> </span> 29,562 <span class=\"_ _28d\"> </span> 16,02<span class=\"_ _8\"></span>4 <span class=\"_ _123\"> </span> 43,538 <span class=\"_ _2c6\"> </span>167,345 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _205\"> </span>470,772<span class=\"_ _2c6\"> </span>212,654<span class=\"_ _2c6\"> </span>198,995<span class=\"_ _3e\"> </span>16,02<span class=\"_ _0\"></span>4<span class=\"_ _119\"> </span>43,538<span class=\"_ _119\"> </span>471,211Derivative<span class=\"_ _0\"></span>s financial in<span class=\"_ _0\"></span>strumentsT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesF<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange<span class=\"_ _134\"> </span> 2,079 <span class=\"_ _3d\"> </span> 2,077 <span class=\"_ _64\"> </span> 2 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _f9\"> </span> 2,079 Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e swaps <span class=\"_ _1d6\"> </span> 2,058 <span class=\"_ _1c8\"> </span>112 <span class=\"_ _103\"> </span> 1,928 <span class=\"_ _84\"> </span> 18 <span class=\"_ _64\"> </span> - <span class=\"_ _3e\"> </span> 2,058 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2ce\"> </span>4,138<span class=\"_ _45\"> </span>2,189<span class=\"_ _106\"> </span>1,9<span class=\"_ _0\"></span>31<span class=\"_ _ca\"> </span>18<span class=\"_ _19a\"> </span>-<span class=\"_ _41\"> </span>4,138Not<span class=\"_ _0\"></span>e 30 - Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The f<span class=\"_ _0\"></span>air value of all fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets and liabilitie<span class=\"_ _0\"></span>s appro<span class=\"_ _8\"></span>ximat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>heir carr<span class=\"_ _a\"></span>ying v<span class=\"_ _0\"></span>alue. The f<span class=\"_ _0\"></span>air value e<span class=\"_ _0\"></span>stimation of deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments h<span class=\"_ _0\"></span>as been arrived at b<span class=\"_ _0\"></span>y applying a lev<span class=\"_ _0\"></span>el 2 valuation met<span class=\"_ _0\"></span>hodolog<span class=\"_ _a\"></span>y which us<span class=\"_ _0\"></span>es inputs ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an unadjus<span class=\"_ _0\"></span>ted quot<span class=\"_ _8\"></span>ed prices f<span class=\"_ _0\"></span>or identical ass<span class=\"_ _0\"></span>ets and liabilitie<span class=\"_ _0\"></span>s3. Cr<span class=\"_ _0\"></span>edit riskCr<span class=\"_ _8\"></span>edit risk is t<span class=\"_ _0\"></span>he risk t<span class=\"_ _0\"></span>hat a count<span class=\"_ _8\"></span>erpar<span class=\"_ _a\"></span>ty will default on it<span class=\"_ _0\"></span>s contr<span class=\"_ _8\"></span>actual obligations r<span class=\"_ _8\"></span>esultin<span class=\"_ _0\"></span>g in<span class=\"_ _a\"></span> financial lo<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _8\"></span>oup. Elopak ha<span class=\"_ _0\"></span>s adopt<span class=\"_ _0\"></span>ed a policy of only being e<span class=\"_ _0\"></span>xposed t<span class=\"_ _8\"></span>o credit<span class=\"_ _0\"></span>-wor<span class=\"_ _a\"></span>th<span class=\"_ _8\"></span>y<span class=\"_ _a\"></span> count<span class=\"_ _0\"></span>erpar<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s, based upon independen<span class=\"_ _0\"></span>t cr<span class=\"_ _0\"></span>edit analysi<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or all count<span class=\"_ _0\"></span>erpar<span class=\"_ _a\"></span>ties, wher<span class=\"_ _8\"></span>e avail<span class=\"_ _0\"></span>able. In<span class=\"_ _a\"></span> the c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s where t<span class=\"_ _0\"></span>his i<span class=\"_ _0\"></span>s not av<span class=\"_ _0\"></span>ailable, Elopak us<span class=\"_ _0\"></span>es ot<span class=\"_ _0\"></span>her publicly avail<span class=\"_ _0\"></span>able financial inf<span class=\"_ _8\"></span>ormation and its own t<span class=\"_ _0\"></span>radin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ds t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s creditw<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>thine<span class=\"_ _0\"></span>ss. Outst<span class=\"_ _0\"></span>anding r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _8\"></span>ed re<span class=\"_ _0\"></span>gularly<span class=\"_ _8\"></span>.4. Hedge accounti<span class=\"_ _0\"></span>ngCash flo<span class=\"_ _0\"></span>w hedge accountin<span class=\"_ _0\"></span>g is applied t<span class=\"_ _0\"></span>o hedges of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency risk and commodity price ris<span class=\"_ _0\"></span>k. The cash flow hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eserve compri<span class=\"_ _0\"></span>ses t<span class=\"_ _0\"></span>he eff<span class=\"_ _0\"></span>ective por<span class=\"_ _a\"></span>tion of the c<span class=\"_ _0\"></span>umulative net chan<span class=\"_ _0\"></span>ge in the f<span class=\"_ _8\"></span>air values of c<span class=\"_ _0\"></span>ash flow hedgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>ruments r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to hedg<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at hav<span class=\"_ _0\"></span>e not yet occ<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed. Movemen<span class=\"_ _0\"></span>ts in the c<span class=\"_ _0\"></span>ash flow hedge r<span class=\"_ _8\"></span>eserve ar<span class=\"_ _8\"></span>e detailed in the table below:Contr<span class=\"_ _8\"></span>acts2022<span class=\"_ _2cf\"> </span>2021Opening Closing Opening Closing (EUR 1,000)position<span class=\"_ _5\"> </span>Movementpositionposition<span class=\"_ _5\"> </span>MovementpositionCommodity price hedges<span class=\"_ _1a9\"> </span>5,30<span class=\"_ _0\"></span>3<span class=\"_ _48\"> </span>-8,621<span class=\"_ _2b\"> </span>-3,318<span class=\"_ _6f\"> </span>35<span class=\"_ _10b\"> </span>5,268<span class=\"_ _5c\"> </span>5,303Curr<span class=\"_ _0\"></span>ency hedges<span class=\"_ _2d0\"> </span>142<span class=\"_ _64\"> </span>-318<span class=\"_ _144\"> </span>-17<span class=\"_ _8\"></span>6<span class=\"_ _d2\"> </span>9<span class=\"_ _62\"> </span>132<span class=\"_ _62\"> </span>142T<span class=\"_ _8\"></span>ax eff<span class=\"_ _0\"></span>ect<span class=\"_ _2d1\"> </span>-1,230<span class=\"_ _142\"> </span>1,967<span class=\"_ _84\"> </span><span class=\"ls7d ws110\">737<span class=\"_ _75\"> </span></span>-48<span class=\"_ _47\"> </span>-1,182<span class=\"_ _60\"> </span>-1,230To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d2\"> </span>4,215<span class=\"_ _5e\"> </span>-6,972<span class=\"_ _3f\"> </span>-2,758<span class=\"_ _e8\"> </span>-3<span class=\"_ _12c\"> </span>4,218<span class=\"_ _10b\"> </span>4,215Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The mov<span class=\"_ _0\"></span>ement in the hedge r<span class=\"_ _8\"></span>eserve includes g<span class=\"_ _0\"></span>ains/(los<span class=\"_ _0\"></span>ses) tr<span class=\"_ _8\"></span>ansf<span class=\"_ _8\"></span>erred f<span class=\"_ _8\"></span>rom t<span class=\"_ _0\"></span>he cash flo<span class=\"_ _0\"></span>w hedge r<span class=\"_ _8\"></span>eserve int<span class=\"_ _0\"></span>o the income s<span class=\"_ _0\"></span>tatemen<span class=\"_ _0\"></span>t during the period. F<span class=\"_ _8\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>war<span class=\"_ _8\"></span>ds and commodities hedg<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>urities ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>closed in not<span class=\"_ _8\"></span>e 30.2 Liquidit<span class=\"_ _a\"></span>y Ri<span class=\"_ _0\"></span>sk, which is r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>entativ<span class=\"_ _0\"></span>e of when the hedge r<span class=\"_ _8\"></span>eserve in equity will be r<span class=\"_ _0\"></span>ecycled t<span class=\"_ _0\"></span>o the stat<span class=\"_ _8\"></span>ement of compr<span class=\"_ _0\"></span>ehensive income. Thes<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e included in the f<span class=\"_ _0\"></span>ollowing line it<span class=\"_ _8\"></span>ems in the income st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>t.Movemen<span class=\"_ _0\"></span>t in hedge r<span class=\"_ _0\"></span>eserve(EUR 1,000)<span class=\"_ _2d3\"> </span>2022<span class=\"_ _66\"> </span>2021Sales<span class=\"_ _25d\"> </span>-<span class=\"_ _12d\"> </span>-Cost of good<span class=\"_ _0\"></span>s sold<span class=\"_ _2d4\"> </span>-7,790<span class=\"_ _4e\"> </span>8,035Other oper<span class=\"_ _0\"></span>ating expen<span class=\"_ _0\"></span>ses<span class=\"_ _236\"> </span>-569<span class=\"_ _27b\"> </span>-1,146Net financial it<span class=\"_ _0\"></span>ems<span class=\"_ _102\"> </span><span class=\"ff1\">-<span class=\"_ _2d5\"> </span></span>-To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1c5\"> </span>-8,359<span class=\"_ _df\"> </span>6,888Movement in hedg<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>serve due to chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _0\"></span>air values<span class=\"_ _2d6\"> </span>1,387<span class=\"_ _13c\"> </span>-2,670To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _279\"> </span>-6,972<span class=\"_ _163\"> </span>4,218Due t<span class=\"_ _0\"></span>o Elopak hedging policy<span class=\"_ _8\"></span>, hedges ar<span class=\"_ _8\"></span>e ent<span class=\"_ _0\"></span>ered in<span class=\"_ _0\"></span>to b<span class=\"_ _0\"></span>ased on highly pr<span class=\"_ _8\"></span>obable fut<span class=\"_ _8\"></span>ure tr<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s, either per tr<span class=\"_ _8\"></span>ansaction or by applyin<span class=\"_ _0\"></span>g base l<span class=\"_ _0\"></span>ayer<span class=\"_ _8\"></span>s. All hedges ha<span class=\"_ _0\"></span>ve a hedge r<span class=\"_ _8\"></span>atio 1:1 and hedge in-eff<span class=\"_ _8\"></span>ectiveness r<span class=\"_ _8\"></span>elat<span class=\"_ _0\"></span>ed to diff<span class=\"_ _8\"></span>erence<span class=\"_ _0\"></span>s in timing of s<span class=\"_ _0\"></span>ettlement in 2022 w<span class=\"_ _0\"></span>as insignific<span class=\"_ _0\"></span>ant and i<span class=\"_ _0\"></span>s not r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed dir<span class=\"_ _8\"></span>ectly to pr<span class=\"_ _8\"></span>ofit and loss. I<span class=\"_ _0\"></span>n 2021 the hedg<span class=\"_ _0\"></span>e in-eff<span class=\"_ _0\"></span>ectivenes<span class=\"_ _0\"></span>s was EUR 10<span class=\"_ _0\"></span>3 thous<span class=\"_ _0\"></span>and, which was r<span class=\"_ _8\"></span>ecogniz<span class=\"_ _0\"></span>ed direct<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o profit or lo<span class=\"_ _0\"></span>ss. Carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount of fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>et and liabilitie<span class=\"_ _0\"></span>s December 31, 2022<span class=\"_ _293\"> </span>Categorie<span class=\"_ _0\"></span>s<span class=\"_ _251\"> </span>F<span class=\"_ _0\"></span>air value mea<span class=\"_ _0\"></span>suremen<span class=\"_ _0\"></span>t usingT<span class=\"_ _1\"></span>otal F<span class=\"_ _0\"></span>air value Quoted instru<span class=\"ls0 ws0\">-</span>F<span class=\"_ _0\"></span>air value thr<span class=\"_ _0\"></span>ough other Financi<span class=\"_ _0\"></span>alprices Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ments thr<span class=\"_ _0\"></span>ough comprehen<span class=\"ls0 ws0\">-</span>instrumentsin active observable unobserv<span class=\"ls0 ws0\">-</span>measur<span class=\"_ _8\"></span>ed<span class=\"_ _a\"></span> profit and sive income at amortised ma<span class=\"_ _a\"></span>rke<span class=\"_ _a\"></span>ts<span class=\"_ _a\"></span> inputs able inputs at f<span class=\"_ _0\"></span>air<span class=\"_ _a\"></span> (EUR 1,000)<span class=\"_ _194\"> </span><span class=\"ff2 lsd ws1a\">Note<span class=\"_ _a\"></span>s</span>loss (FVPL)(FVOCI)cost<span class=\"_ _40\"> </span><span class=\"lsc6 ws19d\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>(Lev<span class=\"_ _0\"></span>el 1)(Lev<span class=\"_ _0\"></span>el2)(Lev<span class=\"_ _0\"></span>el 3)valueAsse<span class=\"_ _a\"></span>tsDerivaties<span class=\"_ _1cb\"> </span><span class=\"ff2\">30<span class=\"_ _106\"> </span></span>7,810<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _89\"> </span>7,810<span class=\"_ _60\"> </span>-<span class=\"_ _3e\"> </span>7,810<span class=\"_ _1a9\"> </span>7,810Finance lea<span class=\"_ _0\"></span>se23,25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _60\"> </span>8,227<span class=\"_ _6\"> </span>8,227<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-rec<span class=\"_ _0\"></span>eivableT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _45\"> </span><span class=\"ff2\">25<span class=\"_ _7a\"> </span></span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _40\"> </span>102,197<span class=\"_ _d\"> </span>102,197<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _57\"> </span>25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _22\"> </span>113,018<span class=\"_ _9\"> </span>113,018<span class=\"_ _4c\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-Cash and ca<span class=\"_ _0\"></span>sh-<span class=\"_ _18b\"> </span>-<span class=\"_ _22\"> </span>25,883<span class=\"_ _128\"> </span>25,883<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-equivalentsTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _1a6\"> </span>7,810<span class=\"_ _104\"> </span>-<span class=\"_ _2ca\"> </span>249,325<span class=\"_ _1b1\"> </span>257,135<span class=\"_ _60\"> </span>-<span class=\"_ _2ca\"> </span>7,810<span class=\"_ _12c\"> </span>0<span class=\"_ _123\"> </span>7,810LiabilitiesLiablities t<span class=\"_ _0\"></span>o financial30<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _ed\"> </span>325,715<span class=\"_ _125\"> </span>325,715<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-instit<span class=\"_ _0\"></span>utionsLeas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _118\"> </span><span class=\"ff2\">12<span class=\"_ _7a\"> </span></span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-Derivaties<span class=\"_ _1cb\"> </span><span class=\"ff2\">30<span class=\"_ _45\"> </span></span>4,598<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _10\"> </span>4,598<span class=\"_ _60\"> </span>-<span class=\"_ _2ca\"> </span>4,598<span class=\"_ _dc\"> </span>4,598T<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade payable<span class=\"_ _0\"></span>s, and-<span class=\"_ _18b\"> </span>-<span class=\"_ _ed\"> </span>2<span class=\"_ _0\"></span>45,417<span class=\"_ _125\"> </span>245,417<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _28c\"> </span>-other pay<span class=\"_ _0\"></span>ablesTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d7\"> </span>4,598<span class=\"_ _18b\"> </span>-<span class=\"_ _3d\"> </span>571,132<span class=\"_ _24\"> </span>575,73<span class=\"_ _0\"></span>1<span class=\"_ _60\"> </span>-<span class=\"_ _12e\"> </span>4,598<span class=\"_ _1c8\"> </span>-<span class=\"_ _2b4\"> </span>4,598Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amount of fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>et and liabilitie<span class=\"_ _0\"></span>s December 31, 2021<span class=\"_ _95\"> </span>Categories<span class=\"_ _251\"> </span>F<span class=\"_ _8\"></span>air value meas<span class=\"_ _0\"></span>urement u<span class=\"_ _0\"></span>singT<span class=\"_ _1\"></span>otal F<span class=\"_ _0\"></span>air value Quoted instru<span class=\"ls0 ws0\">-</span>F<span class=\"_ _0\"></span>air value thr<span class=\"_ _0\"></span>ough other Financi<span class=\"_ _0\"></span>alprices Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> Significan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ments thr<span class=\"_ _0\"></span>ough comprehen<span class=\"ls0 ws0\">-</span>instrumentsin active observable unobserv<span class=\"ls0 ws0\">-</span>measur<span class=\"_ _8\"></span>ed<span class=\"_ _a\"></span> profit and sive income at amortised ma<span class=\"_ _a\"></span>rke<span class=\"_ _a\"></span>ts<span class=\"_ _a\"></span> inputs able inputs at f<span class=\"_ _0\"></span>air<span class=\"_ _a\"></span> (EUR 1,000)<span class=\"_ _194\"> </span><span class=\"ff2 lsd ws1a\">Note<span class=\"_ _a\"></span>s</span>loss (FVPL)(FVOCI)cost<span class=\"_ _40\"> </span><span class=\"lsc6 ws19d\">To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l</span>(Lev<span class=\"_ _0\"></span>el 1)(Lev<span class=\"_ _0\"></span>el2)(Lev<span class=\"_ _0\"></span>el 3)valueAsse<span class=\"_ _a\"></span>tsDerivaties<span class=\"_ _71\"> </span>30<span class=\"_ _45\"> </span>6,386<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _2d8\"> </span>6,386<span class=\"_ _60\"> </span>-<span class=\"_ _28d\"> </span>6,386<span class=\"_ _84\"> </span>-<span class=\"_ _2c6\"> </span>6,386Finance lea<span class=\"_ _0\"></span>se23,25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _41\"> </span>10,220<span class=\"_ _122\"> </span>10,22<span class=\"_ _0\"></span>0<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-rec<span class=\"_ _0\"></span>eivableT<span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables<span class=\"_ _46\"> </span>25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _45\"> </span>91,533<span class=\"_ _c\"> </span>91,533<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-Other curr<span class=\"_ _8\"></span>ent assets<span class=\"_ _13d\"> </span>25<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _40\"> </span>98,490<span class=\"_ _11\"> </span>98,490<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-Cash and ca<span class=\"_ _0\"></span>sh-<span class=\"_ _18b\"> </span>-<span class=\"_ _41\"> </span>24,2<span class=\"_ _0\"></span>62<span class=\"_ _2d9\"> </span>2<span class=\"_ _0\"></span>4,262<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _12c\"> </span>-equivalentsTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2d7\"> </span>6,386<span class=\"_ _104\"> </span>-<span class=\"_ _28d\"> </span>224,506<span class=\"_ _1b0\"> </span>230,892<span class=\"_ _60\"> </span>-<span class=\"_ _12e\"> </span>6,386<span class=\"_ _1c8\"> </span>-<span class=\"_ _13a\"> </span>6,386LiabilitiesLiablities t<span class=\"_ _0\"></span>o financial 30<span class=\"_ _7a\"> </span>-<span class=\"_ _18b\"> </span>-<span class=\"_ _3d\"> </span>184,292<span class=\"_ _4\"> </span>184,292<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _12c\"> </span>-instit<span class=\"_ _0\"></span>utionsLeas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _64\"> </span>12<span class=\"_ _62\"> </span>-<span class=\"_ _e8\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-Derivaties<span class=\"_ _71\"> </span>30<span class=\"_ _106\"> </span>4,138<span class=\"_ _18b\"> </span>-<span class=\"_ _77\"> </span>-<span class=\"_ _137\"> </span>4,138<span class=\"_ _60\"> </span>-<span class=\"_ _3e\"> </span>4,138<span class=\"_ _7f\"> </span>-<span class=\"_ _28d\"> </span>4,138T<span class=\"_ _1\"></span>rade payable<span class=\"_ _0\"></span>s, and -<span class=\"_ _18b\"> </span>-<span class=\"_ _43\"> </span>226,848<span class=\"_ _1b1\"> </span>226,848<span class=\"_ _60\"> </span>-<span class=\"_ _194\"> </span>-<span class=\"_ _84\"> </span>-<span class=\"_ _47\"> </span>-other pay<span class=\"_ _0\"></span>ablesTo<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2da\"> </span>4,138<span class=\"_ _18b\"> </span>-<span class=\"_ _2c3\"> </span>411,140<span class=\"_ _24\"> </span>415,277<span class=\"_ _153\"> </span>-<span class=\"_ _2ca\"> </span>4,138<span class=\"_ _7f\"> </span>-<span class=\"_ _2c6\"> </span>4,138F<span class=\"_ _8\"></span>air value of fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets and financi<span class=\"_ _0\"></span>al liabilities ar<span class=\"_ _8\"></span>e measur<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g differ<span class=\"_ _8\"></span>ent level<span class=\"_ _0\"></span>s of input. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Lev<span class=\"_ _0\"></span>el 1 inputs ar<span class=\"_ _8\"></span>e quoted price<span class=\"_ _0\"></span>s (unadjus<span class=\"_ _0\"></span>ted) in activ<span class=\"_ _0\"></span>e mark<span class=\"_ _8\"></span>ets f<span class=\"_ _0\"></span>or identical a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s or </span></span>liabilities t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he entity can acces<span class=\"_ _0\"></span>s at the meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ement dat<span class=\"_ _8\"></span>e. <span class=\"_ _19\"></span><span class=\"ff2\">\u2022<span class=\"_ _24\"> </span><span class=\"ff3\">Lev<span class=\"_ _0\"></span>el 2 inputs ar<span class=\"_ _8\"></span>e inputs other th<span class=\"_ _0\"></span>an quot<span class=\"_ _0\"></span>ed prices included within le<span class=\"_ _0\"></span>vel 1 th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e </span></span>obs<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>vable f<span class=\"_ _8\"></span>or the as<span class=\"_ _0\"></span>set or liability<span class=\"_ _8\"></span>, either direct<span class=\"_ _0\"></span>ly or indir<span class=\"_ _0\"></span>ectly<span class=\"_ _8\"></span>.Not<span class=\"_ _0\"></span>e 31 - Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in obligations f<span class=\"_ _8\"></span>rom fi<span class=\"_ _0\"></span>nancial activiti<span class=\"_ _0\"></span>es2022Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t-bearing loans andborro<span class=\"_ _0\"></span>wings Leas<span class=\"_ _0\"></span>e liabilities (EUR 1,000)(Note 23)(Note 12)<span class=\"_ _ac\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>1.1<span class=\"_ _2db\"> </span>183,853<span class=\"_ _e8\"> </span>80,604<span class=\"_ _109\"> </span>264,457Cash FlowsPr<span class=\"_ _0\"></span>oceeds of loans f<span class=\"_ _8\"></span>rom financial ins<span class=\"_ _0\"></span>titutions<span class=\"_ _134\"> </span>1,178,067<span class=\"_ _165\"> </span>-<span class=\"_ _163\"> </span>1,178,067Rep<span class=\"_ _0\"></span>ayment of loans f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _287\"> </span>-1,030,217<span class=\"_ _165\"> </span>-<span class=\"_ _50\"> </span>-1,030,217Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _1f8\"> </span>-5,658<span class=\"_ _165\"> </span>-<span class=\"_ _9f\"> </span>-5,658Leas<span class=\"_ _0\"></span>e payments<span class=\"_ _72\"> </span>-<span class=\"_ _18b\"> </span>-19,770<span class=\"_ _18b\"> </span>-19,770Non-cash eff<span class=\"_ _8\"></span>ectsInt<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expensed<span class=\"_ _1f4\"> </span>5,258<span class=\"_ _b1\"> </span>4,575<span class=\"_ _a0\"> </span>9,833Net additions leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _15b\"> </span>-<span class=\"_ _1fc\"> </span>25,266<span class=\"_ _9f\"> </span>25,266Other non-cas<span class=\"_ _0\"></span>h items<span class=\"_ _2bd\"> </span>-5,588<span class=\"_ _16d\"> </span>0<span class=\"_ _11b\"> </span>-5,58831.12<span class=\"_ _21d\"> </span>325,715 <span class=\"_ _1af\"> </span> 90,67<span class=\"_ _1\"></span>4 <span class=\"_ _4e\"> </span>416,390Curr<span class=\"_ _0\"></span>ent<span class=\"_ _21b\"> </span>21,682<span class=\"_ _9f\"> </span>73,536<span class=\"_ _165\"> </span>-Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _23b\"> </span>304,033<span class=\"_ _a0\"> </span>17,139<span class=\"_ _165\"> </span>-2021Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t-bearing loans andborro<span class=\"_ _0\"></span>wings Leas<span class=\"_ _0\"></span>e liabilities (EUR 1,000)(Note 23)(Note 15)<span class=\"_ _ac\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"> </span>t<span class=\"_ _16\"></span>a<span class=\"_ _2\"> </span>l</span>1.1<span class=\"_ _2dc\"> </span>228,687<span class=\"_ _c3\"> </span>88,175<span class=\"_ _6f\"> </span>316,86<span class=\"_ _0\"></span>1Cash FlowsPr<span class=\"_ _0\"></span>oceeds of loans f<span class=\"_ _8\"></span>rom financial ins<span class=\"_ _0\"></span>titutions<span class=\"_ _215\"> </span>728,843<span class=\"_ _2dd\"> </span>-<span class=\"_ _d4\"> </span>728,843Rep<span class=\"_ _0\"></span>ayment of loans f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om financial instit<span class=\"_ _0\"></span>utions<span class=\"_ _1d6\"> </span>-775,640<span class=\"_ _165\"> </span>-<span class=\"_ _27b\"> </span>-775,640Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expense<span class=\"_ _0\"></span>s to financi<span class=\"_ _0\"></span>al institutions<span class=\"_ _1fb\"> </span>-1,553<span class=\"_ _165\"> </span>-<span class=\"_ _c3\"> </span>-1,553Leas<span class=\"_ _0\"></span>e payments<span class=\"_ _72\"> </span>-<span class=\"_ _104\"> </span>-19,96<span class=\"_ _0\"></span>9<span class=\"_ _104\"> </span>-19,96<span class=\"_ _0\"></span>9Non-cash eff<span class=\"_ _8\"></span>ectsInt<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t expensed<span class=\"_ _2de\"> </span>1,953<span class=\"_ _a2\"> </span>4,138<span class=\"_ _b1\"> </span>6,091Net additions leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _15b\"> </span>-<span class=\"_ _a0\"> </span>8,260<span class=\"_ _a4\"> </span>8,2<span class=\"_ _0\"></span>60Other non-cas<span class=\"_ _0\"></span>h items<span class=\"_ _203\"> </span>1,564<span class=\"_ _16d\"> </span>0<span class=\"_ _a2\"> </span>1,56431.12<span class=\"_ _2df\"> </span>183,853 <span class=\"_ _53\"> </span> 80,604 <span class=\"_ _27b\"> </span>264,457Curr<span class=\"_ _0\"></span>ent<span class=\"_ _bb\"> </span>14,420<span class=\"_ _1fc\"> </span>62,342<span class=\"_ _165\"> </span>-Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _2e0\"> </span>16<span class=\"_ _0\"></span>9,433<span class=\"_ _a0\"> </span>18,261<span class=\"_ _165\"> </span>-",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__78": {
   "value": "1. Mar<span class=\"_ _0\"></span>ket ri<span class=\"_ _0\"></span>skMark<span class=\"_ _8\"></span>et risk i<span class=\"_ _0\"></span>s the risk t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of f<span class=\"_ _0\"></span>utur<span class=\"_ _8\"></span>e cash flows of a fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _0\"></span>trument will fluctuat<span class=\"_ _8\"></span>e because of ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in mar<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>et prices. Mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es compris<span class=\"_ _0\"></span>e thr<span class=\"_ _8\"></span>ee t<span class=\"_ _a\"></span>ypes of ri<span class=\"_ _0\"></span>sk: curr<span class=\"_ _8\"></span>ency risk, commodity price risk and in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ate ri<span class=\"_ _0\"></span>sk. Elopak buys deriv<span class=\"_ _0\"></span>atives t<span class=\"_ _8\"></span>o manag<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s and seek<span class=\"_ _0\"></span>s to apply hedg<span class=\"_ _0\"></span>e accounting t<span class=\"_ _8\"></span>o manag<span class=\"_ _0\"></span>e volatility in pr<span class=\"_ _8\"></span>ofit or loss. Hedge accountin<span class=\"_ _0\"></span>g is applied t<span class=\"_ _0\"></span>o all curr<span class=\"_ _8\"></span>ency and commodit<span class=\"_ _a\"></span>y derivativ<span class=\"_ _0\"></span>es, while int<span class=\"_ _8\"></span>ere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e derivative<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not subject t<span class=\"_ _0\"></span>o hedge accoun<span class=\"_ _0\"></span>tingDerivativ<span class=\"_ _0\"></span>esDecember 31, 2022<span class=\"_ _204\"> </span>December 31, 2021(EUR 1,000)<span class=\"_ _96\"> </span><span class=\"ff2 ls17 ws66\">As<span class=\"_ _a\"></span>sets<span class=\"_ _2b4\"> </span></span>Liabilities<span class=\"_ _1c8\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _16\"></span>a<span class=\"_ _16\"></span>l<span class=\"_ _c1\"> </span><span class=\"ls17 ws66\">As<span class=\"_ _a\"></span>sets<span class=\"_ _2b4\"> </span></span>Liabilities<span class=\"_ _1c8\"> </span><span class=\"lsb5 ws1f8\">To<span class=\"_ _2\"></span>t<span class=\"_ _16\"></span>a<span class=\"_ _16\"></span>l</span>Curr<span class=\"_ _0\"></span>ency derivatives<span class=\"_ _13e\"> </span><span class=\"lsb5 ws1f8\">74<span class=\"_ _2\"> </span>7<span class=\"_ _142\"> </span></span>1,280<span class=\"_ _142\"> </span>-534<span class=\"_ _50\"> </span>836<span class=\"_ _10b\"> </span>2,079<span class=\"_ _4c\"> </span>-1,244Commodity derivatives<span class=\"_ _2b5\"> </span>-<span class=\"_ _194\"> </span>3,3<span class=\"_ _0\"></span>18<span class=\"_ _4c\"> </span>-3,318<span class=\"_ _5c\"> </span>5,303<span class=\"_ _104\"> </span>-<span class=\"_ _47\"> </span>5,303Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t derivatives<span class=\"_ _90\"> </span>7,063<span class=\"_ _104\"> </span>-<span class=\"_ _12c\"> </span>7,063<span class=\"_ _108\"> </span><span class=\"ls5b wsbb\">24<span class=\"_ _a\"></span>8<span class=\"_ _12c\"> </span></span>2,058<span class=\"_ _84\"> </span>-1,811To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2b6\"> </span>7,810<span class=\"_ _c8\"> </span>4,598<span class=\"_ _1c8\"> </span>3,212<span class=\"_ _c8\"> </span>6,386<span class=\"_ _47\"> </span>4,138<span class=\"_ _47\"> </span>2,2<span class=\"_ _0\"></span>49The f<span class=\"_ _0\"></span>ull f<span class=\"_ _0\"></span>air value of a derivativ<span class=\"_ _0\"></span>e is cla<span class=\"_ _0\"></span>ssified as \"Ot<span class=\"_ _0\"></span>her non-curr<span class=\"_ _8\"></span>ent ass<span class=\"_ _0\"></span>ets or \"Other non-cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> liabilities\" if t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g mat<span class=\"_ _0\"></span>urity of the derivativ<span class=\"_ _0\"></span>e is mor<span class=\"_ _8\"></span>e than 12 mont<span class=\"_ _0\"></span>hs and, as \"Ot<span class=\"_ _0\"></span>her curr<span class=\"_ _8\"></span>ent<span class=\"_ _a\"></span> ass<span class=\"_ _0\"></span>ets\" or \"Other c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent liabilitie<span class=\"_ _0\"></span>s\", if the mat<span class=\"_ _8\"></span>urit<span class=\"_ _a\"></span>y of the deriv<span class=\"_ _0\"></span>ative i<span class=\"_ _0\"></span>s less t<span class=\"_ _0\"></span>han 12 mont<span class=\"_ _0\"></span>hs. The f<span class=\"_ _0\"></span>air value e<span class=\"_ _0\"></span>stimation of deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments h<span class=\"_ _0\"></span>as been arriv<span class=\"_ _0\"></span>ed at by applying a lev<span class=\"_ _0\"></span>el 2<span class=\"_ _a\"></span> valuation met<span class=\"_ _0\"></span>hodolog<span class=\"_ _a\"></span>y which us<span class=\"_ _0\"></span>es inputs ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an unadjus<span class=\"_ _0\"></span>ted quot<span class=\"_ _8\"></span>ed prices f<span class=\"_ _0\"></span>or identical a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s<span class=\"_ _a\"></span> and liabilities, wit<span class=\"_ _0\"></span>h chan<span class=\"_ _0\"></span>ges in f<span class=\"_ _8\"></span>air value ar<span class=\"_ _0\"></span>e ther<span class=\"_ _8\"></span>efor<span class=\"_ _8\"></span>e recog<span class=\"_ _0\"></span>nized in t<span class=\"_ _0\"></span>he income stat<span class=\"_ _0\"></span>ement. No other m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>erial financial a<span class=\"_ _0\"></span>ssets or li<span class=\"_ _0\"></span>abilities ar<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _8\"></span>ough profit or lo<span class=\"_ _0\"></span>ss.Wher<span class=\"_ _0\"></span>e eligible, derivativ<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or hedging ar<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ed in ca<span class=\"_ _0\"></span>sh flow hedge accoun<span class=\"_ _0\"></span>ting r<span class=\"_ _0\"></span>elationship<span class=\"_ _0\"></span>s.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Curr<span class=\"_ _0\"></span>ency riskElopak's e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to t<span class=\"_ _0\"></span>he risk of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rat<span class=\"_ _8\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es prim<span class=\"_ _0\"></span>arily to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's oper<span class=\"_ _0\"></span>ating activities, fin<span class=\"_ _0\"></span>ancing of f<span class=\"_ _8\"></span>oreig<span class=\"_ _0\"></span>n oper<span class=\"_ _0\"></span>ations and the Gr<span class=\"_ _8\"></span>oup's net invest<span class=\"_ _0\"></span>ments in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign sub<span class=\"_ _0\"></span>sidiaries.The carr<span class=\"_ _a\"></span>yin<span class=\"_ _0\"></span>g amounts of the Gr<span class=\"_ _8\"></span>oup's f<span class=\"_ _0\"></span>oreig<span class=\"_ _0\"></span>n curr<span class=\"_ _8\"></span>ency denominat<span class=\"_ _0\"></span>ed monetar<span class=\"_ _a\"></span>y ass<span class=\"_ _0\"></span>ets and monetar<span class=\"_ _a\"></span>y liabilities at t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>ting d<span class=\"_ _0\"></span>ate ar<span class=\"_ _8\"></span>e as f<span class=\"_ _0\"></span>ollows:2022 2021 20222021Currenc<span class=\"_ _0\"></span>yAsse<span class=\"_ _a\"></span>tsAsse<span class=\"_ _a\"></span>tsLiabilitiesLiabilitiesBGN<span class=\"_ _2ac\"> </span>222<span class=\"_ _e3\"> </span><span class=\"ls2 ws14\"> 76<span class=\"_ _16\"></span> <span class=\"_ _1cb\"> </span></span>238<span class=\"_ _a2\"> </span> 89 CAD<span class=\"_ _ea\"> </span>22,928<span class=\"_ _d8\"> </span> 9,145 <span class=\"_ _27b\"> </span>95,182<span class=\"_ _73\"> </span> 89,004 CHF<span class=\"_ _298\"> </span>4,33<span class=\"_ _0\"></span>7<span class=\"_ _77\"> </span> 3,440 <span class=\"_ _66\"> </span>4,252<span class=\"_ _da\"> </span> 3,420 CZK<span class=\"_ _189\"> </span>57,588<span class=\"_ _73\"> </span> 49,460 <span class=\"_ _7a\"> </span>68,479<span class=\"_ _69\"> </span> 50,082 DKK<span class=\"_ _177\"> </span>2,49<span class=\"_ _8\"></span>4,348<span class=\"_ _10b\"> </span> 2,080,113 <span class=\"_ _60\"> </span>2,403,598<span class=\"_ _1c8\"> </span> 2,017,377 DZD<span class=\"_ _2b7\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _d4\"> </span>4,577<span class=\"_ _66\"> </span> 2,96<span class=\"_ _8\"></span>9 EUR<span class=\"_ _2b8\"> </span>4,910<span class=\"_ _da\"> </span> 11,27<span class=\"_ _0\"></span>0 <span class=\"_ _d4\"> </span>3,910<span class=\"_ _66\"> </span> 13,611 GBP<span class=\"_ _2b9\"> </span>26,313<span class=\"_ _6b\"> </span> 20,198 <span class=\"_ _df\"> </span>27,07<span class=\"_ _8\"></span>6<span class=\"_ _6d\"> </span> 20,7<span class=\"_ _8\"></span>63 HUF<span class=\"_ _15b\"> </span>638,998<span class=\"_ _df\"> </span>481,147 <span class=\"_ _50\"> </span>603,17<span class=\"_ _8\"></span>6<span class=\"_ _13c\"> </span>471,430 NIS<span class=\"_ _2ba\"> </span>8<span class=\"_ _b1\"> </span>86<span class=\"_ _0\"></span>1 <span class=\"_ _bc\"> </span>-<span class=\"_ _2bb\"> </span> - JPY<span class=\"_ _2bc\"> </span>4,091,538<span class=\"_ _5c\"> </span> 3,364,7<span class=\"_ _8\"></span>67 <span class=\"_ _c8\"> </span>2,077,533<span class=\"_ _c8\"> </span> 1,868,580 MXN<span class=\"_ _2bd\"> </span>65,2<span class=\"_ _0\"></span>40<span class=\"_ _7a\"> </span> 62,284 <span class=\"_ _62\"> </span>65,645<span class=\"_ _7a\"> </span> 65,329 NOK<span class=\"_ _174\"> </span>2,09<span class=\"_ _8\"></span>3,232<span class=\"_ _84\"> </span> 1,702,841 <span class=\"_ _60\"> </span>2,089,246<span class=\"_ _7f\"> </span> 1,689,129 PLN<span class=\"_ _2b9\"> </span>47,729<span class=\"_ _7a\"> </span> 33,010 <span class=\"_ _6b\"> </span>51,036<span class=\"_ _7a\"> </span> 33,795 RU<span class=\"_ _a\"></span>R<span class=\"_ _17f\"> </span>1,344,7<span class=\"_ _0\"></span>03<span class=\"_ _47\"> </span> 1,9<span class=\"_ _8\"></span>32,644 <span class=\"_ _12c\"> </span>1,344,97<span class=\"_ _0\"></span>8<span class=\"_ _7f\"> </span> 2,759,817 SAR<span class=\"_ _2be\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _109\"> </span>3,27<span class=\"_ _8\"></span>4<span class=\"_ _bc\"> </span> - SEK<span class=\"_ _2b9\"> </span>19<span class=\"_ _0\"></span>3,612<span class=\"_ _53\"> </span>111,564 <span class=\"_ _69\"> </span>19<span class=\"_ _0\"></span>4,541<span class=\"_ _da\"> </span>112,517 TND<span class=\"_ _114\"> </span>-<span class=\"_ _bc\"> </span> - <span class=\"_ _a2\"> </span>57<span class=\"_ _2bf\"> </span> 34 UAH<span class=\"_ _f5\"> </span>-<span class=\"_ _6d\"> </span> 82,796 <span class=\"_ _bc\"> </span>-<span class=\"_ _df\"> </span> 14,468 USD<span class=\"_ _ea\"> </span>86,368<span class=\"_ _df\"> </span> 65,150 <span class=\"_ _df\"> </span>51,649<span class=\"_ _19a\"> </span> 38,433 F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e risk f<span class=\"_ _8\"></span>rom oper<span class=\"_ _8\"></span>ating activities s<span class=\"_ _0\"></span>uch as sal<span class=\"_ _0\"></span>aries and per<span class=\"_ _0\"></span>sonnel tax ar<span class=\"_ _8\"></span>e manag<span class=\"_ _0\"></span>ed by hedgin<span class=\"_ _0\"></span>g tr<span class=\"_ _0\"></span>ansactions t<span class=\"_ _0\"></span>hat ar<span class=\"_ _8\"></span>e highly probable t<span class=\"_ _8\"></span>o occur within periods out 18 mon<span class=\"_ _0\"></span>ths b<span class=\"_ _0\"></span>y ent<span class=\"_ _0\"></span>ering int<span class=\"_ _8\"></span>o for<span class=\"_ _8\"></span>eign curr<span class=\"_ _8\"></span>ency contr<span class=\"_ _0\"></span>acts. The Gr<span class=\"_ _8\"></span>oup employs a la<span class=\"_ _0\"></span>yering policy in which t<span class=\"_ _0\"></span>he near<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t calendar quarter is hedg<span class=\"_ _0\"></span>ed up to 90% wit<span class=\"_ _0\"></span>h cov<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e decr<span class=\"_ _0\"></span>easing in s<span class=\"_ _0\"></span>tep<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o 15% at 18 month<span class=\"_ _0\"></span>s out.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Curr<span class=\"_ _0\"></span>ency e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e of filling machine<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e hedged at a one-t<span class=\"_ _0\"></span>o-one basi<span class=\"_ _0\"></span>s (100% cov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge at the specified d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of payment).Hedge accoun<span class=\"_ _0\"></span>ting is applied t<span class=\"_ _8\"></span>o all curr<span class=\"_ _0\"></span>ency derivative<span class=\"_ _0\"></span>s, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ept f<span class=\"_ _0\"></span>or cro<span class=\"_ _0\"></span>ss-cur<span class=\"_ _0\"></span>rency in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>waps which ar<span class=\"_ _8\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as financial inc<span class=\"_ _0\"></span>ome or financial e<span class=\"_ _0\"></span>xpense in pr<span class=\"_ _8\"></span>ofit or loss. Hedge accoun<span class=\"_ _0\"></span>ting is dede<span class=\"_ _0\"></span>signat<span class=\"_ _8\"></span>ed at the dat<span class=\"_ _0\"></span>e of r<span class=\"_ _0\"></span>ecognition of t<span class=\"_ _0\"></span>he hedged it<span class=\"_ _0\"></span>em, howev<span class=\"_ _0\"></span>er the deriv<span class=\"_ _0\"></span>atives ar<span class=\"_ _8\"></span>e due at the dat<span class=\"_ _8\"></span>e of expect<span class=\"_ _0\"></span>ed paymen<span class=\"_ _0\"></span>t. At dedesign<span class=\"_ _0\"></span>ation, the f<span class=\"_ _8\"></span>air value of the hedgin<span class=\"_ _0\"></span>g derivative<span class=\"_ _0\"></span>s is r<span class=\"_ _8\"></span>ecycled f<span class=\"_ _0\"></span>rom Hedg<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eserve in equity t<span class=\"_ _0\"></span>o the hedged it<span class=\"_ _0\"></span>em (i.e. filling m<span class=\"_ _0\"></span>achine r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed in invent<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y) and to pr<span class=\"_ _8\"></span>ofit or loss t<span class=\"_ _0\"></span>o the same acc<span class=\"_ _0\"></span>ounting line and at the s<span class=\"_ _0\"></span>ame time as the hedged it<span class=\"_ _8\"></span>em is r<span class=\"_ _0\"></span>ecogni<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNomin<span class=\"_ _0\"></span>al amount(EUR 1,000)<span class=\"_ _2c0\"> </span>December 31, 2022<span class=\"_ _91\"> </span>December 31, 2021Currenc<span class=\"_ _0\"></span>y<span class=\"_ _98\"> </span>Ccy<span class=\"_ _2bf\"> </span><span class=\"ls61 wsba\">EUR<span class=\"_ _27e\"> </span></span>Ccy<span class=\"_ _2bf\"> </span><span class=\"ls61 wsba\">EUR</span>EUR<span class=\"_ _179\"> </span>-72,633<span class=\"_ _77\"> </span>-72,633<span class=\"_ _13c\"> </span> -140,148 <span class=\"_ _155\"> </span> -140,148 JPY<span class=\"_ _2c1\"> </span>9,46<span class=\"_ _0\"></span>1,714<span class=\"_ _6f\"> </span><span class=\"lsb2 ws1d2\">67,267<span class=\"_ _14f\"> </span></span> 3,927,814 <span class=\"_ _da\"> </span> 30,126 NOK<span class=\"_ _2c1\"> </span>255,426<span class=\"_ _18b\"> </span>24,29<span class=\"_ _8\"></span>4<span class=\"_ _4e\"> </span>256,305 <span class=\"_ _8e\"> </span> 25,659 USD<span class=\"_ _87\"> </span>-2<span class=\"_ _0\"></span>4,231<span class=\"_ _d4\"> </span>-22,718<span class=\"_ _8e\"> </span> 95,000 <span class=\"_ _77\"> </span> 83,878 T<span class=\"_ _1\"></span>otal nominal v<span class=\"_ _0\"></span>alue<span class=\"_ _a9\"> </span>-3,790<span class=\"_ _288\"> </span>-485T<span class=\"_ _1\"></span>otal fair v<span class=\"_ _0\"></span>alue<span class=\"_ _80\"> </span>-534<span class=\"_ _210\"> </span>-1,2<span class=\"_ _8\"></span>44P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Int<span class=\"_ _8\"></span>erest ri<span class=\"_ _0\"></span>skElopak's e<span class=\"_ _0\"></span>xposur<span class=\"_ _8\"></span>e to t<span class=\"_ _0\"></span>he risk of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in mar<span class=\"_ _0\"></span>ket in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es prim<span class=\"_ _0\"></span>arily to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's long-t<span class=\"_ _0\"></span>erm debt obligations wit<span class=\"_ _0\"></span>h floating in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _8\"></span>ates. T<span class=\"_ _f\"></span>o man<span class=\"_ _0\"></span>age thi<span class=\"_ _0\"></span>s risk, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup main<span class=\"_ _0\"></span>tains a por<span class=\"_ _a\"></span>tion of its borr<span class=\"_ _8\"></span>owings at fix<span class=\"_ _8\"></span>ed rat<span class=\"_ _8\"></span>es of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est b<span class=\"_ _0\"></span>y ent<span class=\"_ _0\"></span>ering int<span class=\"_ _8\"></span>o inter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e swap<span class=\"_ _0\"></span>s. These s<span class=\"_ _0\"></span>waps ar<span class=\"_ _8\"></span>e design<span class=\"_ _0\"></span>ated t<span class=\"_ _8\"></span>o hedge underlying debt obligation<span class=\"_ _0\"></span>s; howev<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, they ar<span class=\"_ _0\"></span>e not subject t<span class=\"_ _8\"></span>o hedge accounting.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNotional amoun<span class=\"_ _0\"></span>ts and fai<span class=\"_ _0\"></span>r values<span class=\"_ _19b\"> </span>December 31, 2022<span class=\"_ _2c2\"> </span>December 31, 2021NotionalFa<span class=\"_ _a\"></span>i<span class=\"_ _a\"></span>rNotionalFa<span class=\"_ _a\"></span>i<span class=\"_ _a\"></span>r(EUR 1,000)<span class=\"_ _29c\"> </span><span class=\"ff2\">Cur<span class=\"_ _0\"></span>rency</span>EURvalueEURvalueInterest<span class=\"_ _133\"> </span>EUR<span class=\"_ _ac\"> </span>120,000<span class=\"_ _84\"> </span>7,063<span class=\"_ _1f9\"> </span>140,000<span class=\"_ _2c3\"> </span>-1,811To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2c4\"> </span>7,063<span class=\"_ _2c5\"> </span>-1,811P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Commodity price riskElopak's oper<span class=\"_ _0\"></span>ating activitie<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>equire a c<span class=\"_ _0\"></span>ontinuous supply of aluminium and poly<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>ylene. Based on a 12-month f<span class=\"_ _8\"></span>or<span class=\"_ _0\"></span>ecast of r<span class=\"_ _8\"></span>equir<span class=\"_ _0\"></span>ements the Gr<span class=\"_ _8\"></span>oup man<span class=\"_ _0\"></span>ages t<span class=\"_ _0\"></span>he commodity price risk by hedging t<span class=\"_ _0\"></span>he pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>e price of the commodity with t<span class=\"_ _0\"></span>he use of commodity price sw<span class=\"_ _0\"></span>aps. Hedge accountin<span class=\"_ _0\"></span>g is applied f<span class=\"_ _8\"></span>or all commodit<span class=\"_ _a\"></span>y derivativ<span class=\"_ _0\"></span>es. As per December 3<span class=\"_ _0\"></span>1, 2022 t<span class=\"_ _0\"></span>he hedged amount of P<span class=\"_ _8\"></span>olyeth<span class=\"_ _0\"></span>ylene derivative<span class=\"_ _0\"></span>s is 36% of e<span class=\"_ _8\"></span>xpected pur<span class=\"_ _8\"></span>chase f<span class=\"_ _8\"></span>or the ne<span class=\"_ _0\"></span>xt 12 months.Outst<span class=\"_ _0\"></span>anding deriv<span class=\"_ _0\"></span>ativesNotional amoun<span class=\"_ _0\"></span>ts and fai<span class=\"_ _0\"></span>r values<span class=\"_ _204\"> </span>December 31, 2022<span class=\"_ _2c2\"> </span>December 3<span class=\"_ _0\"></span>1, 2021(EUR 1,000)Metric T<span class=\"_ _1\"></span>onnes<span class=\"_ _5a\"> </span>F<span class=\"_ _0\"></span>air value<span class=\"_ _121\"> </span>Metric T<span class=\"_ _1\"></span>onnes<span class=\"_ _5a\"> </span>F<span class=\"_ _0\"></span>air valueP<span class=\"_ _0\"></span>olyethylene<span class=\"_ _98\"> </span>13,000<span class=\"_ _53\"> </span>-2,57<span class=\"_ _8\"></span>6<span class=\"_ _da\"> </span>7,800<span class=\"_ _da\"> </span>5,084Aluminium<span class=\"_ _20d\"> </span>8,400<span class=\"_ _e8\"> </span>-7<span class=\"_ _8\"></span>43<span class=\"_ _1af\"> </span>2,700<span class=\"_ _d2\"> </span>219To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _76\"> </span>-3,318<span class=\"_ _1b7\"> </span>5,303P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>SensitivityThe f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able demonstr<span class=\"_ _8\"></span>ate<span class=\"_ _0\"></span>s the sensitivity t<span class=\"_ _0\"></span>o a r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>onably pos<span class=\"_ _0\"></span>sible chan<span class=\"_ _0\"></span>ge in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s (f<span class=\"_ _0\"></span>or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts), commodity prices (f<span class=\"_ _8\"></span>or commodity swaps) and in<span class=\"_ _0\"></span>ter<span class=\"_ _8\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s (f<span class=\"_ _0\"></span>or int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _8\"></span>ate sw<span class=\"_ _0\"></span>aps) with all ot<span class=\"_ _0\"></span>her variable<span class=\"_ _0\"></span>s being held cons<span class=\"_ _0\"></span>tant. The impact on t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup's equity is due t<span class=\"_ _0\"></span>o chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of derivativ<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>signat<span class=\"_ _8\"></span>ed as cas<span class=\"_ _0\"></span>h flow hedge<span class=\"_ _0\"></span>s.Numbers a<span class=\"_ _0\"></span>re bef<span class=\"_ _8\"></span>ore taxDecember 31, 2022<span class=\"_ _204\"> </span>December 31, 2021(EUR 1,000)<span class=\"_ _158\"> </span>Movement<span class=\"_ _4\"> </span>Eff<span class=\"_ _0\"></span>ect on profit<span class=\"_ _14\"> </span>Effect on equity<span class=\"_ _4\"> </span>Eff<span class=\"_ _0\"></span>ect on profit<span class=\"_ _14\"> </span>Effect on equity+5%-1,414-8,222-4,119-8,010F<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange derivativ<span class=\"_ _0\"></span>es-5%2131,6384,2897,9<span class=\"_ _8\"></span>33+5% -1,46<span class=\"_ _0\"></span>1 -815Commodity swaps-5%--1,46<span class=\"_ _0\"></span>1--815+1%2,010 -3,5973,597Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e swaps-1%-2,09<span class=\"_ _8\"></span>3--3,773-3,773P<span class=\"_ _0\"></span>ositive numbers r<span class=\"_ _8\"></span>epres<span class=\"_ _0\"></span>ent purch<span class=\"_ _0\"></span>ases.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__79": {
   "value": "2. Liquidity riskElopak's objective<span class=\"_ _0\"></span> is t<span class=\"_ _0\"></span>o maint<span class=\"_ _0\"></span>ain a balance betw<span class=\"_ _0\"></span>een continuity of f<span class=\"_ _0\"></span>unding, and fle<span class=\"_ _0\"></span>xibility thr<span class=\"_ _0\"></span>ough the u<span class=\"_ _0\"></span>se of bank loans and o<span class=\"_ _0\"></span>ver<span class=\"_ _8\"></span>draft f<span class=\"_ _0\"></span>acilities.The mat<span class=\"_ _0\"></span>urity pr<span class=\"_ _0\"></span>ofile of the Gr<span class=\"_ _0\"></span>oup's financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and liabilities ba<span class=\"_ _0\"></span>sed on cont<span class=\"_ _0\"></span>ract<span class=\"_ _8\"></span>ual undis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>s summari<span class=\"_ _0\"></span>sed belo<span class=\"_ _0\"></span>w. The tables only s<span class=\"_ _0\"></span>how balanc<span class=\"_ _0\"></span>e sheet it<span class=\"_ _0\"></span>ems cla<span class=\"_ _0\"></span>ssified as fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments and do not include ot<span class=\"_ _0\"></span>her balance s<span class=\"_ _0\"></span>heet item<span class=\"_ _0\"></span>s aff<span class=\"_ _0\"></span>ecting liquidity<span class=\"_ _0\"></span>, such as inv<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ories. Als<span class=\"_ _0\"></span>o, off-balance s<span class=\"_ _0\"></span>heet item<span class=\"_ _0\"></span>s such as unus<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit f<span class=\"_ _0\"></span>acilities ar<span class=\"_ _0\"></span>e not included. The derivativ<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>uments m<span class=\"_ _0\"></span>ay be settled g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oss or net wit<span class=\"_ _0\"></span>h the r<span class=\"_ _0\"></span>elevan<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ocol being r<span class=\"_ _8\"></span>eflected in the t<span class=\"_ _0\"></span>ables.Not<span class=\"_ _0\"></span>e 30 \u2013 Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>Contr<span class=\"_ _8\"></span>actual mat<span class=\"_ _8\"></span>urities of financi<span class=\"_ _0\"></span>al liabilities, includi<span class=\"_ _0\"></span>ng esti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ed int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st pa<span class=\"_ _0\"></span>yments2022Non-derivatie<span class=\"_ _0\"></span>s financial liabilitie<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesLoans and bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs (Note 28)<span class=\"_ _2c7\"> </span>325,715 <span class=\"_ _1b3\"> </span>32,7<span class=\"_ _1\"></span>60<span class=\"_ _43\"> </span>319,451<span class=\"_ _50\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _28d\"> </span>352,211Account<span class=\"_ _0\"></span>s payable<span class=\"_ _2c8\"> </span>12<span class=\"_ _0\"></span>4,038 <span class=\"_ _12b\"> </span>12<span class=\"_ _8\"></span>4,038 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _12b\"> </span>124,0<span class=\"_ _0\"></span>38 Other liabilities<span class=\"_ _2c9\"> </span>165,105 <span class=\"_ _28d\"> </span> 78,108 <span class=\"_ _123\"> </span> 28,708 <span class=\"_ _2ca\"> </span> 18,847 <span class=\"_ _123\"> </span> 3<span class=\"_ _8\"></span>9,442 <span class=\"_ _12e\"> </span>165,105 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _193\"> </span>6<span class=\"_ _8\"></span>14,859<span class=\"_ _121\"> </span> 2341906<span class=\"_ _12b\"> </span>348,159<span class=\"_ _f9\"> </span>18,847<span class=\"_ _1b3\"> </span>3<span class=\"_ _0\"></span>9,442<span class=\"_ _2b4\"> </span>641,354Derivative<span class=\"_ _0\"></span>s financial in<span class=\"_ _0\"></span>strumentsT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesF<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span> 1,280 <span class=\"_ _c8\"> </span>951 <span class=\"_ _c1\"> </span>330 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _3f\"> </span> 1,280 Commodities<span class=\"_ _2cc\"> </span> 3,318 <span class=\"_ _ed\"> </span> 3,318 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _ed\"> </span> 3,318 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _9b\"> </span>4,598<span class=\"_ _22\"> </span>4,2<span class=\"_ _0\"></span>69<span class=\"_ _60\"> </span>330<span class=\"_ _62\"> </span>-<span class=\"_ _62\"> </span>-<span class=\"_ _2f\"> </span>4,5982021Non-derivatie<span class=\"_ _0\"></span>s financial liabilitie<span class=\"_ _0\"></span>sT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesLoans and bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs (Note 28)<span class=\"_ _28f\"> </span>183,854 <span class=\"_ _28d\"> </span> 14,859 <span class=\"_ _12b\"> </span>16<span class=\"_ _0\"></span>9,433 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _2c6\"> </span>184,292 Account<span class=\"_ _0\"></span>s payable<span class=\"_ _2cd\"> </span>119,57<span class=\"_ _1\"></span>4 <span class=\"_ _119\"> </span>119,57<span class=\"_ _8\"></span>4 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _119\"> </span>119,57<span class=\"_ _1\"></span>4 Other liabilities<span class=\"_ _280\"> </span>167,345 <span class=\"_ _139\"> </span> 78,222 <span class=\"_ _123\"> </span> 29,562 <span class=\"_ _28d\"> </span> 16,02<span class=\"_ _8\"></span>4 <span class=\"_ _123\"> </span> 43,538 <span class=\"_ _2c6\"> </span>167,345 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _205\"> </span>470,772<span class=\"_ _2c6\"> </span>212,654<span class=\"_ _2c6\"> </span>198,995<span class=\"_ _3e\"> </span>16,02<span class=\"_ _0\"></span>4<span class=\"_ _119\"> </span>43,538<span class=\"_ _119\"> </span>471,211Derivative<span class=\"_ _0\"></span>s financial in<span class=\"_ _0\"></span>strumentsT<span class=\"_ _1\"></span>otal Carr<span class=\"_ _a\"></span>ying contr<span class=\"_ _0\"></span>actual (EUR 1,000)value<span class=\"_ _2c6\"> </span><span class=\"ls8d ws14c\">&lt; 1 year<span class=\"_ _b\"> </span></span>1-3 year<span class=\"_ _0\"></span>s<span class=\"_ _122\"> </span>3-5 years<span class=\"_ _5\"> </span><span class=\"ls8d ws14c\">&gt; 5 years</span>mat<span class=\"_ _0\"></span>uritiesF<span class=\"_ _0\"></span>oreign e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange<span class=\"_ _134\"> </span> 2,079 <span class=\"_ _3d\"> </span> 2,077 <span class=\"_ _64\"> </span> 2 <span class=\"_ _64\"> </span> - <span class=\"_ _64\"> </span> - <span class=\"_ _f9\"> </span> 2,079 Int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e swaps <span class=\"_ _1d6\"> </span> 2,058 <span class=\"_ _1c8\"> </span>112 <span class=\"_ _103\"> </span> 1,928 <span class=\"_ _84\"> </span> 18 <span class=\"_ _64\"> </span> - <span class=\"_ _3e\"> </span> 2,058 To<span class=\"_ _16\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _16\"></span>l<span class=\"_ _2ce\"> </span>4,138<span class=\"_ _45\"> </span>2,189<span class=\"_ _106\"> </span>1,9<span class=\"_ _0\"></span>31<span class=\"_ _ca\"> </span>18<span class=\"_ _19a\"> </span>-<span class=\"_ _41\"> </span>4,138Not<span class=\"_ _0\"></span>e 30 - Fina<span class=\"_ _0\"></span>ncial risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>agement <span class=\"fc3\">conti<span class=\"_ _0\"></span>nued</span>The f<span class=\"_ _0\"></span>air value of all fin<span class=\"_ _0\"></span>ancial ass<span class=\"_ _0\"></span>ets and liabilitie<span class=\"_ _0\"></span>s appro<span class=\"_ _8\"></span>ximat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>heir carr<span class=\"_ _a\"></span>ying v<span class=\"_ _0\"></span>alue. The f<span class=\"_ _0\"></span>air value e<span class=\"_ _0\"></span>stimation of deriv<span class=\"_ _0\"></span>ative fin<span class=\"_ _0\"></span>ancial instr<span class=\"_ _0\"></span>uments h<span class=\"_ _0\"></span>as been arrived at b<span class=\"_ _0\"></span>y applying a lev<span class=\"_ _0\"></span>el 2 valuation met<span class=\"_ _0\"></span>hodolog<span class=\"_ _a\"></span>y which us<span class=\"_ _0\"></span>es inputs ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an unadjus<span class=\"_ _0\"></span>ted quot<span class=\"_ _8\"></span>ed prices f<span class=\"_ _0\"></span>or identical ass<span class=\"_ _0\"></span>ets and liabilitie<span class=\"_ _0\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__80": {
   "value": "3. Cr<span class=\"_ _0\"></span>edit riskCr<span class=\"_ _8\"></span>edit risk is t<span class=\"_ _0\"></span>he risk t<span class=\"_ _0\"></span>hat a count<span class=\"_ _8\"></span>erpar<span class=\"_ _a\"></span>ty will default on it<span class=\"_ _0\"></span>s contr<span class=\"_ _8\"></span>actual obligations r<span class=\"_ _8\"></span>esultin<span class=\"_ _0\"></span>g in<span class=\"_ _a\"></span> financial lo<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _8\"></span>oup. Elopak ha<span class=\"_ _0\"></span>s adopt<span class=\"_ _0\"></span>ed a policy of only being e<span class=\"_ _0\"></span>xposed t<span class=\"_ _8\"></span>o credit<span class=\"_ _0\"></span>-wor<span class=\"_ _a\"></span>th<span class=\"_ _8\"></span>y<span class=\"_ _a\"></span> count<span class=\"_ _0\"></span>erpar<span class=\"_ _a\"></span>tie<span class=\"_ _0\"></span>s, based upon independen<span class=\"_ _0\"></span>t cr<span class=\"_ _0\"></span>edit analysi<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or all count<span class=\"_ _0\"></span>erpar<span class=\"_ _a\"></span>ties, wher<span class=\"_ _8\"></span>e avail<span class=\"_ _0\"></span>able. In<span class=\"_ _a\"></span> the c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s where t<span class=\"_ _0\"></span>his i<span class=\"_ _0\"></span>s not av<span class=\"_ _0\"></span>ailable, Elopak us<span class=\"_ _0\"></span>es ot<span class=\"_ _0\"></span>her publicly avail<span class=\"_ _0\"></span>able financial inf<span class=\"_ _8\"></span>ormation and its own t<span class=\"_ _0\"></span>radin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ds t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s creditw<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>thine<span class=\"_ _0\"></span>ss. Outst<span class=\"_ _0\"></span>anding r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _8\"></span>ed re<span class=\"_ _0\"></span>gularly<span class=\"_ _8\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__83": {
   "value": "Not<span class=\"_ _0\"></span>e 32- R<span class=\"_ _0\"></span>elat<span class=\"_ _8\"></span>ed PartiesT<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ansaction<span class=\"_ _0\"></span>s with k<span class=\"_ _0\"></span>ey m<span class=\"_ _0\"></span>anagemen<span class=\"_ _0\"></span>tRel<span class=\"_ _0\"></span>ated party tran<span class=\"_ _0\"></span>sactions and bala<span class=\"_ _0\"></span>nces<span class=\"_ _194\"> </span>T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>saction values f<span class=\"_ _8\"></span>or the year ended<span class=\"_ _43\"> </span>Balance outs<span class=\"_ _0\"></span>tanding as ofDecember 31,December 31,December 31,December 31,(EUR 1,000)2022202120222021Joint V<span class=\"_ _8\"></span>entur<span class=\"_ _0\"></span>esSales of goods and s<span class=\"_ _0\"></span>ervices<span class=\"_ _18d\"> </span> 4,877 <span class=\"_ _53\"> </span> 3,014 <span class=\"_ _4e\"> </span> 1,200 <span class=\"_ _c6\"> </span>643 Pur<span class=\"_ _0\"></span>chase of g<span class=\"_ _0\"></span>oods and services<span class=\"_ _141\"> </span> 35,781 <span class=\"_ _108\"> </span> 23,872 <span class=\"_ _4e\"> </span> 2,39<span class=\"_ _8\"></span>4 <span class=\"_ _6b\"> </span> 2,260 Dividends r<span class=\"_ _0\"></span>eceived<span class=\"_ _2b2\"> </span> - <span class=\"_ _df\"> </span> 4,965 <span class=\"_ _1b2\"> </span>-<span class=\"_ _2e1\"> </span> - Associ<span class=\"_ _0\"></span>atesSales of goods and s<span class=\"_ _0\"></span>ervices<span class=\"_ _170\"> </span><span class=\"ls1 ws1\"> 69<span class=\"_ _a\"></span> <span class=\"_ _71\"> </span></span>227 <span class=\"_ _a7\"> </span> - <span class=\"_ _e3\"> </span> 6 Pur<span class=\"_ _0\"></span>chase of g<span class=\"_ _0\"></span>oods and services<span class=\"_ _2e2\"> </span> 1,198 <span class=\"_ _6b\"> </span> 4,465 <span class=\"_ _d2\"> </span><span class=\"lsb ws8c\"> 26 <span class=\"_ _b5\"> </span></span>819 Loan and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed inter<span class=\"_ _0\"></span>est<span class=\"_ _201\"> </span>-<span class=\"_ _2e1\"> </span> - <span class=\"_ _1fc\"> </span>836 <span class=\"_ _c6\"> </span>834 Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s: annual compens<span class=\"_ _0\"></span>ation and number of shar<span class=\"_ _8\"></span>es ownedRel<span class=\"_ _0\"></span>ated party tran<span class=\"_ _0\"></span>sactions and bala<span class=\"_ _0\"></span>nces<span class=\"_ _dc\"> </span>Compensation earned<span class=\"_ _1b4\"> </span>Number of share<span class=\"_ _0\"></span>sDecember 31,December 31,December 31,December 31,(EUR 1,000, ex<span class=\"_ _0\"></span>cept number of shar<span class=\"_ _8\"></span>es)2022202120222021Jo Olav L<span class=\"_ _0\"></span>under<span class=\"_ _0\"></span>, Chairpers<span class=\"_ _0\"></span>on<span class=\"_ _1fe\"> </span> 65 <span class=\"_ _c3\"> </span> 59 <span class=\"_ _108\"> </span>107,142 <span class=\"_ _108\"> </span>107,142 Sanna Su<span class=\"_ _0\"></span>vanto-H<span class=\"_ _0\"></span>arsaae<span class=\"_ _2e3\"> </span> 43 <span class=\"_ _c3\"> </span> 32 <span class=\"_ _69\"> </span> 14,285 <span class=\"_ _13c\"> </span> 14,285 Sid Johari<span class=\"_ _212\"> </span> 40 <span class=\"_ _b5\"> </span> 40 <span class=\"_ _62\"> </span> 17,857 <span class=\"_ _62\"> </span> 17,857 Anna Belf<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e<span class=\"_ _172\"> </span> 48 <span class=\"_ _c3\"> </span> 36 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span><span class=\"ff2\"> - </span>Anette Bauer Ellin<span class=\"_ _0\"></span>gsen<span class=\"_ _214\"> </span> 15 <span class=\"_ _217\"> </span> 11 <span class=\"_ _75\"> </span> 1,071 <span class=\"_ _66\"> </span> 1,071 Erlend Sv<span class=\"_ _0\"></span>eva<span class=\"_ _299\"> </span> 15 <span class=\"_ _a4\"> </span> 15 <span class=\"_ _66\"> </span> 1,071 <span class=\"_ _75\"> </span> 1,071 Marius Wiklund<span class=\"_ _172\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _da\"> </span> 1,786 <span class=\"_ _da\"> </span> 1,7<span class=\"_ _0\"></span>86 P<span class=\"_ _0\"></span>er Thau<span class=\"_ _208\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - Michael F<span class=\"_ _0\"></span>ranci<span class=\"_ _0\"></span>s Cronin<span class=\"_ _2e4\"> </span> - <span class=\"_ _e3\"> </span> 9 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - Marianne Gr<span class=\"_ _0\"></span>oven<span class=\"_ _88\"> </span> 1 <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - <span class=\"_ _a7\"> </span> - Other r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed part<span class=\"_ _a\"></span>y tr<span class=\"_ _8\"></span>ansactionsLo<span class=\"_ _0\"></span>ans to emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e EUR 2<span class=\"_ _0\"></span>4 thou<span class=\"_ _0\"></span>sand in 2022 and EUR 20 t<span class=\"_ _0\"></span>housand in 2<span class=\"_ _0\"></span>021. No guar<span class=\"ws0\">-</span>ant<span class=\"_ _0\"></span>ees h<span class=\"_ _0\"></span>ave been pr<span class=\"_ _8\"></span>ovided. None of the Boar<span class=\"_ _8\"></span>d Members or t<span class=\"_ _0\"></span>he CEO h<span class=\"_ _0\"></span>ave e<span class=\"_ _8\"></span>xec<span class=\"_ _0\"></span>utive loans or guar<span class=\"_ _8\"></span>antee<span class=\"_ _0\"></span>s in the Compan<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>.None of the Boar<span class=\"_ _8\"></span>d Members or the CE<span class=\"_ _8\"></span>O hav<span class=\"_ _0\"></span>e ex<span class=\"_ _8\"></span>ecutive loan<span class=\"_ _0\"></span>s or guar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ees in the Comp<span class=\"_ _0\"></span>any<span class=\"_ _8\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__84": {
   "value": "Not<span class=\"_ _0\"></span>e 33 - Subs<span class=\"_ _8\"></span>equent event<span class=\"_ _0\"></span>sOn F<span class=\"_ _0\"></span>ebruar<span class=\"_ _a\"></span>y 22, 2023, Elopak announced t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he sale of all Elopak's sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es in its f<span class=\"_ _8\"></span>ormer R<span class=\"_ _0\"></span>ussi<span class=\"_ _0\"></span>an subsidiary, JS<span class=\"_ _0\"></span>C Elopak ha<span class=\"_ _0\"></span>s been completed and Elop<span class=\"_ _0\"></span>ak has t<span class=\"_ _0\"></span>hus fin<span class=\"_ _0\"></span>alized its div<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ment of its R<span class=\"_ _8\"></span>ussian oper<span class=\"_ _0\"></span>ations. R<span class=\"_ _8\"></span>eceipt of the pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se price r<span class=\"_ _0\"></span>emain<span class=\"_ _0\"></span>s pending the due d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or the v<span class=\"_ _0\"></span>arious inst<span class=\"_ _0\"></span>alments.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__86": {
   "value": "Note 34 Financial climate impactSustainability FrameworkElopak manages the risks related to sustainability. Climate risks, such as the rapidly changing regulatory environment and physical risks are integrated parts of the sustainability framework.We focus our efforts on monitoring global developments concerning sustainability and/orpackaging, such as the EU Taxonomy framework, the Corporate Sustainability due diligencedirective, and the EU Packaging & Packaging Waste Directive. See 2022 Elopak sustainability report for more details. The EU Directive 2019/904, also known as Single Use Plastic Directive requires that all single use plastic closures that encompass the carton closures must remain attached during its use, which will come into effect as of July 3, 2024.At present, Elopak is subject to Plastic Product Tax in the UK and Spain from 2022and in Italy starting in 2023. We will assess developments of Plastic Product Tax in othercountries as relevant. As EU Member States have competence on tax, they may change scope,define payer, or decide if the levy will be paid from national budget, meaning no impositionof plastic tax. It has been assessed that the Plastic Product Tax will have no impact on theoutcome of impairment testing.Elopak sustainability programElopak\u2019s Group strategy is managed through an annual business planning process where the Company defines some key priorities. Each business unit defines its Must-Win-Battles, which are granulated down to individual targets for employees. This structure entails the entire organization and strategic approach, including the sustainability program. Read more about Elopak\u2019s Group Note 34 Financial climate impact continuedstrategy in our Annual Report.The sustainability program is an embedded part of the overall group strategy, and responsibilities for various sections are placed throughout all business units. The Group Leadership Team (GLT) is the overall steering committee of the program and reviews the performance on a quarterly basis. The Board of Directors is overall responsible for strategy approval and implementation.Our sustainability program consists of 16 targets divided into our material topics. The targets are linked to specific strategic initiatives owned by relevant business areas. Specific KPIs are defined to measure and report progress and continuously adapted to reflect our ambitions, some of which refer to the GRI framework; others are more specific to our industry and hence self-defined. See 2022 Elopak sustainability report for more details.Climate RiskA full climate risk assessment of material adverse physical impacts to the business from climatechange was completed in 2022 in accordance with TCFD (Task Force on Climate-related Financial Disclosures), a framework organization to publicly disclose climate-related risks & opportunities.The climate risk is categorized into physical impacts such as extreme weather, floods or droughts and sea level rise and Transition impacts from potential changes in climate policy and market outlooks. In order to comprehensively map and analyze risks and opportunities associated with climate change, information and insights are obtained on the following three parameters: Impact, likelihood and time horizon. A combination of these parameters provides an overall assessment of which risk and opportunities are especially relevant for Elopak.Financial climate impactsBased on the sustainability framework, the defined sustainability program targets and the result of the climate risk assessment, Elopak has considered the impacts of climate change in preparing the 2022 consolidated annual financial statements. The table below summarizes the climate risk financial impact assessments from Elopak 2022 sustainability report:Note 34 Financial climate impact continuedAnnual Impact  Climate risk(EUR million)  Time horizon CategoryRegulatory risk: Competition from other low-carbon packaging More than 80 short revenuealternativesRegulatory risk: Changing landscape for packaging regulations More than 80 short revenueOpportunity: Offering low-carbon and circular alternatives More than 80 short revenueOpportunity: Rising costs related to COLess than 20 short revenue2Regulatory risk: Constrained access and price fluctuations for low- Between 5 and 20 short costemission materialsPhysical risk: Extreme storm events disrupting direct operations for Less than 5 medium costup to one weekRegulatory risk: Technological developments for carton recycling More than 20 medium costrequire investment and/or product developmentPhysical risk: Chronic droughts or water shortages in areas of Between 5 and 20 long costdirect operations or upstream value chainPhysical risk: Wildfires impacting raw material volumes in the Between 5 and 20 long costupstream value chain4 risks/opportunities are considered to have a potential of increased revenues at a short time horizon while 5 risks are considered to have a risk of costs at short, medium or long time horizons. Long time horizon varies from up to 2030 for regulatory risks and until 2100 for physical risks.Impact on capital expenditure commitments: \u2022 Targets related to reduced emissions are mainly met by replacing old production line components with new, more energy-effective components. Most of the replaced parts are already fully depreciated. \u2022 Due to the Single Use Plastic Directive the existing Caps lease contracts have been reassessed with a reduced useful life in preparation for the changing legislation Elopak has signed a contract for Tethered Cap lines and is expecting to expand the offering of tethered cap solutions to customers during 2023. Additionally, Elopak has assessed that the existing lease contracts for separable cap lines should be fully depreciated before the tethering requirement will be in place and has therefore reassessed the respective leases, see Note 15 for further information.Note 34 Financial climate impact continuedRecognition and measurement of impairments:Impairments are mainly identified and recognized by determining the recoverable amount based on value in use, which means that the item is measured as a present value of discounted future cash-flows. These cash flows are based on expected revenues, result and capital expenditures in the CGU of which the item is operating within. The climate risk financial impact assessment concludes that the potential of revenues is by far higher than the risk of costs and that the revenues is likely to occur earlier than the costs. In the case that Elopak is faced with increased cost related to the climate risks, this will over time be passed on to the customers, similar to what other packaging companies are expected to do when faced with the same climate challenges. Based on this, we consider the risk of impairment related to climate risk to be low.Recognition and measurement of provisions and disclosures surrounding contingent liabilities:Elopak has not identified future costs or losses that meets the definition of provision or contingent liabilities under IAS 37 Provisions, Contingent Liabilities and Contingent Assets.Inventory is measured at cost and written down to the extent that expected sales price less cost of sales is lower than cost. Inventory items related to sale of cartons and closures have a high turnover, hence it is not expected to be negatively impacted by future climate risk costs. Filling machines and spare parts for filling machines have a lower turnover in inventory, however climate risk assessments have not concluded a specific risk related to these machines.Besides the specific assessments mentioned above, no financial climate impacts have been identified as material to the 2022 consolidated Annual Financial Statements or the alternative performance measures (APMs).End of consolidated financial statements.Responsibility statementWe confirm to the best of our knowledge that the consolidated financial statements for the period January 1 to December 31, 2022 have been prepared in accordance with IFRS adopted by the EU as well as additional disclosure requirements in the Norwegian Accounting Act, and gives a true and fair view of the Elopak Group\u2019s assets, liabilities, financial position and result for the period. We also confirm to the best of our knowledge that the Board of Directors\u2019 Report includes a fair review of significant events that have occurred during the financial year and their impact on the financial statements, any significant related parties transactions and a description of the principal risks and uncertainties for the financial year.Elopak Group Consolidated Financial StatementsSk\u00f8yen, March 30, 2023Board of Directors in Elopak ASAJo Olav LunderTrond SolbergAnna BelfrageChairman of the BoardBoard MemberBoard MemberSid JohariSanna Suvanto-Harsaae Erlend SvevaBoard MemberBoard MemberBoard Member (employee representative)Anette Bauer EllingsenThomas K\u00f6rmendiBoard Member CEO(employee representative)",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__11__85": {
   "value": "Sust<span class=\"_ _0\"></span>ainability F<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>meworkElopak m<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>s the ris<span class=\"_ _0\"></span>ks r<span class=\"_ _8\"></span>elated t<span class=\"_ _8\"></span>o sust<span class=\"_ _0\"></span>ainability<span class=\"_ _0\"></span>. Climat<span class=\"_ _0\"></span>e risk<span class=\"_ _8\"></span>s, such as the r<span class=\"_ _8\"></span>apidly changin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>egulat<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>y environmen<span class=\"_ _0\"></span>t and phy<span class=\"_ _0\"></span>sical risk<span class=\"_ _8\"></span>s are int<span class=\"_ _8\"></span>egr<span class=\"_ _0\"></span>ated p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ts of the su<span class=\"_ _0\"></span>stain<span class=\"_ _0\"></span>ability fr<span class=\"_ _8\"></span>amework.W<span class=\"_ _8\"></span>e f<span class=\"_ _0\"></span>ocus our eff<span class=\"_ _8\"></span>or<span class=\"_ _a\"></span>ts on monitorin<span class=\"_ _0\"></span>g global developmen<span class=\"_ _0\"></span>ts concernin<span class=\"_ _0\"></span>g sus<span class=\"_ _0\"></span>tainability and/<span class=\"_ _1\"></span>orpacka<span class=\"_ _0\"></span>ging, such a<span class=\"_ _0\"></span>s the EU T<span class=\"_ _1\"></span>ax<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>y fr<span class=\"_ _8\"></span>amework, the Corpor<span class=\"_ _8\"></span>ate S<span class=\"_ _0\"></span>ustain<span class=\"_ _0\"></span>ability due diligencedir<span class=\"_ _0\"></span>ective, and the EU P<span class=\"_ _8\"></span>ackaging &amp; P<span class=\"_ _8\"></span>ackaging W<span class=\"_ _0\"></span>ast<span class=\"_ _8\"></span>e Directive. See 2<span class=\"_ _0\"></span>022 Elopak sus<span class=\"_ _0\"></span>tainability r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e details. The EU Dir<span class=\"_ _8\"></span>ective 2019<span class=\"_ _8\"></span>/<span class=\"_ _0\"></span>904, also k<span class=\"_ _0\"></span>nown as Sin<span class=\"_ _0\"></span>gle Use Pla<span class=\"_ _0\"></span>stic Dir<span class=\"_ _0\"></span>ective r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at all single u<span class=\"_ _0\"></span>se pla<span class=\"_ _0\"></span>stic closur<span class=\"_ _8\"></span>es th<span class=\"_ _0\"></span>at encompas<span class=\"_ _0\"></span>s the carton clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es mu<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>emain attached during it<span class=\"_ _0\"></span>s use, which will come in<span class=\"_ _0\"></span>to eff<span class=\"_ _8\"></span>ect as of July 3, 202<span class=\"_ _8\"></span>4.At pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t, Elopak is s<span class=\"_ _0\"></span>ubject to Pl<span class=\"_ _0\"></span>astic P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oduct T<span class=\"_ _1\"></span>ax in the UK and Spain f<span class=\"_ _8\"></span>rom 2<span class=\"_ _0\"></span>022and in Italy starting in 2023. W<span class=\"_ _8\"></span>e will as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s development<span class=\"_ _0\"></span>s of Plas<span class=\"_ _0\"></span>tic Pr<span class=\"_ _8\"></span>oduct T<span class=\"_ _1\"></span>ax in othercountrie<span class=\"_ _0\"></span>s as r<span class=\"_ _8\"></span>elevant. As EU Member Stat<span class=\"_ _8\"></span>es ha<span class=\"_ _0\"></span>ve compet<span class=\"_ _8\"></span>ence on tax, they m<span class=\"_ _0\"></span>ay chan<span class=\"_ _0\"></span>ge scope,define pay<span class=\"_ _0\"></span>er<span class=\"_ _8\"></span>, or decide if the lev<span class=\"_ _a\"></span>y will be paid f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om nation<span class=\"_ _0\"></span>al budget, meaning no impo<span class=\"_ _0\"></span>sitionof pla<span class=\"_ _0\"></span>stic tax. It ha<span class=\"_ _0\"></span>s been ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at the Pla<span class=\"_ _0\"></span>stic Pr<span class=\"_ _8\"></span>oduct T<span class=\"_ _1\"></span>ax will hav<span class=\"_ _0\"></span>e no impact on theout<span class=\"_ _0\"></span>come of impairment t<span class=\"_ _8\"></span>esting.Elopak su<span class=\"_ _0\"></span>stain<span class=\"_ _0\"></span>ability prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mElopak\u2019<span class=\"_ _f\"></span>s Group s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ategy is m<span class=\"_ _0\"></span>anaged t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ough an annual busines<span class=\"_ _0\"></span>s planning pr<span class=\"_ _8\"></span>ocess wher<span class=\"_ _8\"></span>e the Compan<span class=\"_ _0\"></span>y defines s<span class=\"_ _0\"></span>ome ke<span class=\"_ _0\"></span>y priorities. Each busine<span class=\"_ _0\"></span>ss unit define<span class=\"_ _0\"></span>s its Must<span class=\"_ _0\"></span>-Win-Battle<span class=\"_ _0\"></span>s, which ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>anulat<span class=\"_ _8\"></span>ed down to individual tar<span class=\"_ _8\"></span>gets f<span class=\"_ _0\"></span>or employee<span class=\"_ _0\"></span>s. This st<span class=\"_ _0\"></span>ruct<span class=\"_ _0\"></span>ure en<span class=\"_ _0\"></span>tails the en<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>e organiz<span class=\"_ _0\"></span>ation and str<span class=\"_ _8\"></span>ategic appr<span class=\"_ _8\"></span>oach, including the s<span class=\"_ _0\"></span>ustain<span class=\"_ _0\"></span>ability pro<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am. R<span class=\"_ _0\"></span>ead mor<span class=\"_ _0\"></span>e about Elopak\u2019<span class=\"_ _1\"></span>s Gr<span class=\"_ _8\"></span>oup Not<span class=\"_ _0\"></span>e 34 Fina<span class=\"_ _0\"></span>ncial clim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e impact <span class=\"fc3\">continued</span>str<span class=\"_ _8\"></span>ategy in our Annual Report.The sus<span class=\"_ _0\"></span>tainability pr<span class=\"_ _8\"></span>ogr<span class=\"_ _0\"></span>am is an embedded part of the over<span class=\"_ _8\"></span>all gr<span class=\"_ _0\"></span>oup str<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _a\"></span>y<span class=\"_ _8\"></span>, and re<span class=\"_ _0\"></span>sponsibilitie<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>or various s<span class=\"_ _0\"></span>ections ar<span class=\"_ _0\"></span>e placed t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oughout all busines<span class=\"_ _0\"></span>s units. The Gr<span class=\"_ _0\"></span>oup Leader<span class=\"_ _0\"></span>ship T<span class=\"_ _f\"></span>eam (GL<span class=\"_ _1\"></span>T) is t<span class=\"_ _0\"></span>he over<span class=\"_ _8\"></span>all steerin<span class=\"_ _0\"></span>g committ<span class=\"_ _0\"></span>ee of the pr<span class=\"_ _8\"></span>ogram and r<span class=\"_ _8\"></span>eviews the perf<span class=\"_ _0\"></span>ormance on a quarterly basi<span class=\"_ _0\"></span>s. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ector<span class=\"_ _8\"></span>s is over<span class=\"_ _8\"></span>all re<span class=\"_ _0\"></span>sponsible f<span class=\"_ _8\"></span>or str<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _a\"></span>y appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>al and implementation.Our sus<span class=\"_ _0\"></span>tainability pr<span class=\"_ _8\"></span>ogram c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>s of 16 tar<span class=\"_ _0\"></span>gets divided int<span class=\"_ _8\"></span>o our mat<span class=\"_ _0\"></span>erial topics. <span class=\"_ _0\"></span>The targ<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e link<span class=\"_ _0\"></span>ed to s<span class=\"_ _0\"></span>pecific str<span class=\"_ _8\"></span>ategic initiativ<span class=\"_ _0\"></span>es owned b<span class=\"_ _0\"></span>y rele<span class=\"_ _0\"></span>vant bu<span class=\"_ _0\"></span>siness ar<span class=\"_ _8\"></span>eas. Specific KPI<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e defined t<span class=\"_ _0\"></span>o measur<span class=\"_ _8\"></span>e and report prog<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ess and con<span class=\"_ _0\"></span>tinuously adap<span class=\"_ _0\"></span>ted t<span class=\"_ _8\"></span>o reflect our ambitions, some of which r<span class=\"_ _8\"></span>efer t<span class=\"_ _8\"></span>o the GRI f<span class=\"_ _8\"></span>rame<span class=\"_ _0\"></span>work; other<span class=\"_ _8\"></span>s are mor<span class=\"_ _8\"></span>e specific to our indu<span class=\"_ _0\"></span>str<span class=\"_ _a\"></span>y and hence self-defined. See 2022 Elop<span class=\"_ _0\"></span>ak sust<span class=\"_ _0\"></span>ainability r<span class=\"_ _0\"></span>epor<span class=\"_ _a\"></span>t f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e details.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:529900BIDQN2AOKV6N08",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}