{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"asb": "http://www.asbis.com/xbrl/2022",
"ifrs-full": "http://xbrl.ifrs.org/taxonomy/2021-03-24/ifrs-full",
"iso4217": "http://www.xbrl.org/2003/iso4217",
"scheme": "http://standards.iso.org/iso/17442",
"xbrl": "https://xbrl.org/2021",
"xbrli": "http://www.xbrl.org/2003/instance"
},
"taxonomy": [
"http://www.asbis.com/xbrl/2022/5493003481YS4B91ZS67-2022-12-31.xsd"
]
},
"facts": {
"Tag1": {
"value": "Iapetou 1,Ayios Athanasios,4101, Limassol, Cyprus",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag2": {
"value": "Asbisc Enterprises Plc",
"dimensions": {
"concept": "ifrs-full:NameOfParentEntity",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag279": {
"value": "2690039000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag274": {
"value": "3077976000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag278": {
"value": "2462208000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag272": {
"value": "2859448000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag291": {
"value": "227831000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GrossProfit",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag269": {
"value": "218528000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GrossProfit",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag256": {
"value": "69217000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SellingExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag286": {
"value": "62286000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SellingExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag289": {
"value": "47620000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdministrativeExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag260": {
"value": "42493000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdministrativeExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag284": {
"value": "110994000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag290": {
"value": "113749000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag287": {
"value": "4960000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag276": {
"value": "4626000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag262": {
"value": "25694000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag270": {
"value": "24313000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag265": {
"value": "-20734000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag267": {
"value": "-19687000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag282": {
"value": "948000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherGainsLosses",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag275": {
"value": "180000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherGainsLosses",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag283": {
"value": "-162000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag268": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag266": {
"value": "91046000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag273": {
"value": "94242000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag288": {
"value": "15176000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag258": {
"value": "17175000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag259": {
"value": "75870000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag264": {
"value": "77067000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag285": {
"value": "75867000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag257": {
"value": "77023000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag280": {
"value": "3000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag261": {
"value": "44000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag277": {
"value": "75870000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag271": {
"value": "77067000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag281": {
"value": "1.371",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShareFromContinuingOperations",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"Tag263": {
"value": "1.3886",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShareFromContinuingOperations",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"Tag3": {
"value": "75870000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag4": {
"value": "77067000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag5": {
"value": "-4039000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag6": {
"value": "-1764000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag7": {
"value": "-282000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag8": {
"value": "-62000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag9": {
"value": "-3757000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag10": {
"value": "-1702000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag11": {
"value": "72113000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag12": {
"value": "75365000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag13": {
"value": "72128000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag14": {
"value": "75344000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag15": {
"value": "-15000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag16": {
"value": "21000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag17": {
"value": "72113000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag18": {
"value": "75365000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag19": {
"value": "50313000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag20": {
"value": "43724000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag49": {
"value": "1077000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag50": {
"value": "1903000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag48": {
"value": "4404000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InvestmentProperty",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag46": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InvestmentProperty",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag47": {
"value": "1640000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag43": {
"value": "1749000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag42": {
"value": "372000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Goodwill",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag41": {
"value": "595000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Goodwill",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag44": {
"value": "1515000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag40": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag39": {
"value": "285000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag45": {
"value": "456000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag38": {
"value": "59606000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag37": {
"value": "48427000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag36": {
"value": "514804000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag35": {
"value": "324560000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag34": {
"value": "328931000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTradeReceivables",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag33": {
"value": "352275000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTradeReceivables",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag32": {
"value": "23586000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag31": {
"value": "11959000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag30": {
"value": "413000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag29": {
"value": "192000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag28": {
"value": "1588000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTaxAssetsCurrent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag27": {
"value": "1156000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTaxAssetsCurrent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag26": {
"value": "134598000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag25": {
"value": "184618000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag24": {
"value": "1003920000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag23": {
"value": "874760000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag22": {
"value": "1063526000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag21": {
"value": "923187000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag54": {
"value": "11100000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag53": {
"value": "11100000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag52": {
"value": "23721000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SharePremium",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag51": {
"value": "23721000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SharePremium",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag55": {
"value": "208650000",
"decimals": -3,
"dimensions": {
"concept": "asb:RetainedEarningsAndOtherComponentsOfEquity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag56": {
"value": "154089000",
"decimals": -3,
"dimensions": {
"concept": "asb:RetainedEarningsAndOtherComponentsOfEquity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag57": {
"value": "243471000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag58": {
"value": "188910000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag59": {
"value": "709000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag60": {
"value": "554000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag61": {
"value": "244180000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag62": {
"value": "189464000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag63": {
"value": "9183000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag64": {
"value": "5105000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag65": {
"value": "859000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag66": {
"value": "791000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag67": {
"value": "120000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag68": {
"value": "329000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag69": {
"value": "10162000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag70": {
"value": "6225000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag71": {
"value": "417976000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag72": {
"value": "386287000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag88": {
"value": "18024000",
"decimals": -3,
"dimensions": {
"concept": "asb:CurrentTradePayablesFactoringFacilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag87": {
"value": "28298000",
"decimals": -3,
"dimensions": {
"concept": "asb:CurrentTradePayablesFactoringFacilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag73": {
"value": "164023000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag74": {
"value": "129290000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag75": {
"value": "205296000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag76": {
"value": "178704000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag77": {
"value": "263000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag78": {
"value": "299000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag79": {
"value": "3602000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag80": {
"value": "4620000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag81": {
"value": "809184000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag82": {
"value": "727498000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag83": {
"value": "819346000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag84": {
"value": "733723000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag85": {
"value": "1063526000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag86": {
"value": "923187000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag89": {
"value": "11100000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"Tag90": {
"value": "23518000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:USD"
}
},
"Tag91": {
"value": "-212000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"Tag92": {
"value": "-10752000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:USD"
}
},
"Tag93": {
"value": "111689000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:USD"
}
},
"Tag94": {
"value": "135343000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag95": {
"value": "295000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag96": {
"value": "135638000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag97": {
"value": "77023000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:USD"
}
},
"Tag98": {
"value": "77023000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag99": {
"value": "44000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag100": {
"value": "77067000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag101": {
"value": "-1679000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:USD"
}
},
"Tag102": {
"value": "-1679000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag103": {
"value": "-23000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag104": {
"value": "-1702000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag105": {
"value": "103000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag106": {
"value": "103000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag107": {
"value": "108000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag108": {
"value": "108000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag109": {
"value": "27000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughDisposalOfSubsidiary",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag110": {
"value": "27000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughDisposalOfSubsidiary",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag111": {
"value": "22192000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:USD"
}
},
"Tag112": {
"value": "22192000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag113": {
"value": "22192000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag114": {
"value": "203000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:USD"
}
},
"Tag115": {
"value": "212000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"Tag116": {
"value": "415000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag117": {
"value": "415000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag118": {
"value": "11100000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"Tag119": {
"value": "23721000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:USD"
}
},
"Tag120": {
"value": "-12431000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:USD"
}
},
"Tag121": {
"value": "166520000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:USD"
}
},
"Tag122": {
"value": "188910000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag123": {
"value": "554000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag124": {
"value": "189464000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag125": {
"value": "75867000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:USD"
}
},
"Tag126": {
"value": "75867000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag127": {
"value": "3000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag128": {
"value": "75870000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag129": {
"value": "-3739000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:USD"
}
},
"Tag130": {
"value": "-3739000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag131": {
"value": "-18000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag132": {
"value": "-3757000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag134": {
"value": "170000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag135": {
"value": "170000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag133": {
"value": "996000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"Tag136": {
"value": "996000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag137": {
"value": "996000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag138": {
"value": "16571000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:USD"
}
},
"Tag139": {
"value": "16571000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag140": {
"value": "16571000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag141": {
"value": "11100000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"Tag142": {
"value": "23721000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:USD"
}
},
"Tag143": {
"value": "-996000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"Tag144": {
"value": "-16170000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:USD"
}
},
"Tag145": {
"value": "225816000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:USD"
}
},
"Tag146": {
"value": "243471000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"Tag147": {
"value": "709000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"Tag148": {
"value": "244180000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag149": {
"value": "118412000",
"decimals": -3,
"dimensions": {
"concept": "asb:RetainedEarningsReadilyDistributable",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag150": {
"value": "107404000",
"decimals": -3,
"dimensions": {
"concept": "asb:RetainedEarningsSubsidiaryCompaniesOfGroup",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag309": {
"value": "91046000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag310": {
"value": "94242000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag311": {
"value": "-2765000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag312": {
"value": "-580000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag313": {
"value": "4554000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag314": {
"value": "3910000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag315": {
"value": "1203000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForAmortisationExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag316": {
"value": "1164000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForAmortisationExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag317": {
"value": "30000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForDepreciationOfInvestmentProperty",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag318": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForDepreciationOfInvestmentProperty",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag319": {
"value": "2740000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag320": {
"value": "-604000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag321": {
"value": "-162000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag322": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag323": {
"value": "48000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag324": {
"value": "67000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag325": {
"value": "1000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag326": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag327": {
"value": "1029000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag328": {
"value": "352000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag329": {
"value": "-7000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForBadDebtsRecovered",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag330": {
"value": "-11000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForBadDebtsRecovered",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag331": {
"value": "999000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForInterestIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag332": {
"value": "146000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForInterestIncome",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag333": {
"value": "11387000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForInterestExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag334": {
"value": "6065000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForInterestExpense",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag335": {
"value": "108427000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag336": {
"value": "104459000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag337": {
"value": "-192983000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag338": {
"value": "-46400000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag339": {
"value": "22321000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag340": {
"value": "-56770000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag341": {
"value": "-11848000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInOtherCurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag342": {
"value": "7188000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInOtherCurrentAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag343": {
"value": "31688000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag344": {
"value": "50277000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag345": {
"value": "-10274000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForIncreaseDecreaseInTradePayablesFactoringFacilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag346": {
"value": "-23105000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForIncreaseDecreaseInTradePayablesFactoringFacilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag347": {
"value": "34697000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag348": {
"value": "36602000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag349": {
"value": "68000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForIncreaseDecreaseInOtherNoncurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag350": {
"value": "60000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForIncreaseDecreaseInOtherNoncurrentLiabilities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag351": {
"value": "-10857000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForIncreaseDecreaseInFactoringCreditors",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag352": {
"value": "-6914000",
"decimals": -3,
"dimensions": {
"concept": "asb:AdjustmentsForIncreaseDecreaseInFactoringCreditors",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag353": {
"value": "-28761000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperations",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag354": {
"value": "65397000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperations",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag355": {
"value": "10886000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag356": {
"value": "5660000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag357": {
"value": "16401000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag358": {
"value": "18370000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag359": {
"value": "-56048000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag360": {
"value": "41367000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag361": {
"value": "400000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag362": {
"value": "694000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag363": {
"value": "11109000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag364": {
"value": "13284000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag365": {
"value": "631000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromSaleWriteOffsOfPropertyPlantAndEquipmentAndIntangibleAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag366": {
"value": "-11000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromSaleWriteOffsOfPropertyPlantAndEquipmentAndIntangibleAssets",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag367": {
"value": "14000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag368": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag369": {
"value": "188000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag370": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag371": {
"value": "170000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromIncreaseOfShareCapitalOfSubsidiaryWithNonControllingInterest",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag372": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromIncreaseOfShareCapitalOfSubsidiaryWithNonControllingInterest",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag373": {
"value": "0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag374": {
"value": "37000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag375": {
"value": "1568000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfInterestsInAssociates",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag376": {
"value": "1149000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfInterestsInAssociates",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag377": {
"value": "999000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag378": {
"value": "146000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag379": {
"value": "-11075000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag380": {
"value": "-15029000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag381": {
"value": "-996000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromAcquisitionOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag382": {
"value": "418000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromAcquisitionOfTreasuryShares",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag383": {
"value": "16571000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag384": {
"value": "22192000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag385": {
"value": "-1190000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromRepaymentsOfLongTermLoansAndLongTermObligationsUnderFinanceLease",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag386": {
"value": "-2882000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromRepaymentsOfLongTermLoansAndLongTermObligationsUnderFinanceLease",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag387": {
"value": "27312000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromShortTermBorrowingsAndShortTermObligationsUnderFinanceLease",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag388": {
"value": "35555000",
"decimals": -3,
"dimensions": {
"concept": "asb:ProceedsFromShortTermBorrowingsAndShortTermObligationsUnderFinanceLease",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag389": {
"value": "8555000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag390": {
"value": "10899000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag391": {
"value": "-58568000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag392": {
"value": "37237000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag393": {
"value": "150920000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag394": {
"value": "113683000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag395": {
"value": "92352000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag396": {
"value": "150920000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"Tag151": {
"value": "\n
\n
\n\n
\n1. Incorporation and principal activities
\n
\nAsbisc Enterprises Plc (the \u201cCompany or \u201cthe parent Company\u201d) was incorporated in Cyprus on 9 November 1995 with
\nlimited liability. The Group\u2019s and the Company\u2019s principal activity is the trading and distribution of computer hardware
\nand software in a number of geographical regions as disclosed in note 26. The main shareholder of the Company is
\nK.S. Holdings Limited, a Company incorporated in Cyprus. The details of the Company\u2019s registered office are disclosed
\non page 1.
\n
\nThe Company is listed on the Warsaw Stock Exchange since 30 October 2007.
\n
\n\n
\n
\n
\n
\n
\n\n
\n
\n
\n
\n
\n
\n
\n2. Significant accounting policies
\n
\n\nChanges in significant accounting policies
\n
\nThe accounting policies adopted for the preparation of these consolidated and separate financial statements for the
\ntwelve months ended 31 December 2022 are consistent with those followed for the preparation of the annual financial
\nstatements for the year 2021.
\n
\n\n
\n\nStatement of compliance
\n
\nThe financial statements have been prepared in accordance with International Financial Reporting Standards as
\nadopted by the European Union (\u201cIFRS-EU\u201d) and the requirements of the Cyprus Companies Law, Cap.113.
\n
\n\n
\n\nThe financial statements were approved by the Board of Directors and authorized for issue on the 29
\nth
\n of March 2023.
\n
\n\n
\n
\n
\n
\n
\n\n
\n
\nBasis of preparation
\n
\n\nThe financial statements which are expressed in United States Dollars, the Group\u2019s presentation and the Company\u2019s
\npresentation and functional currency, have been prepared under the historical cost convention except for certain
\nfinancial instruments that are measured at fair value, as explained in the accounting policies below.
\n
\nThe financial statements are presented in US dollars (US$), and all values are presented in US$ thousand unless
\notherwise stated.
\n
\n\n
\n\nUse of estimates and judgements
\n
\n
\nThe preparation of financial statements in conformity with IFRS-EU requires the use of certain critical accounting
\nestimates and requires management to exercise its judgment in the process of applying the Group\u2019s and the Company's
\naccounting policies. It also requires the use of assumptions that affect the reported amounts of assets and liabilities
\nand disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of
\nrevenues and expenses during the reporting period. Although these estimates are based on management's best
\nknowledge of current events and actions, actual results may ultimately differ from those estimates. Estimates and
\nunderlying assumptions are reviewed on an ongoing basis; revisions to estimates are recognized prospectively.
\n
\nInformation about judgments made in applying accounting policies and the estimates and assumptions, that have a
\nsignificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
\nyear, are discussed in note 2 on pages 37, 38 and 39.
\n
\n\n
\n\n
\n\n
\n\nAdoption of new and revised IFRSs and interpretations by the European Union (EU)
\n
\nAs from 1 January 2022, the Group and the Company adopted all changes to International Financial Reporting
\nStandards (IFRSs) as adopted by the EU, which are relevant to its operations. This adoption did not have a material
\neffect on the financial statements of the Group and the Company.
\n
\nThe following Standards, Amendments to Standards and Interpretations have been issued by the International
\nAccounting Standards Board (IASB) but are not yet effective for annual periods beginning on 1 January 2022. Those
\nwhich may be relevant to the Group and the Company are set out below. The Group and the Company does not plan
\nto adopt these Standards early.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n
\n\n\nStandards and Interpretations not adopted by the EU
\n\u2022
\n
\nIFRS 10 (Amendments) and IAS 28 (Amendments) ''Sale or Contribution of Assets between an Investor and
\nits Associate or Joint Venture'' (effective date postponed indefinitely).
\n
\nThe Board of Directors expects that the adoption of these standards in future periods will not have a material effect
\non the financial statements of the Group and the Company.
\n
\n\n
\n\n
\nBasis of consolidation
\n
\nThe consolidated financial statements incorporate the financial statements of the Company and entities controlled by
\nthe Company (its subsidiaries). The Group \u201ccontrols\u201d an entity when it is exposed to, or has rights to, variable returns
\nfrom its involvement with the entity and has the ability to affect those returns through its power over the entity. The
\nfinancial statements of subsidiaries are included in the consolidated financial statements from the date on which control
\ncommences until the date on which control ceases.
\n
\nIncome and expenses of subsidiaries acquired or disposed of during the year are included in the consolidated statement
\nof comprehensive income from the effective date of acquisition and up to the effective date of disposal as appropriate.
\n
\nTotal comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling
\ninterest even if this results in the non-controlling interest having a deficit balance.
\n
\nWhere necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies
\nin line with those used by the Group.
\n
\nAll intra-group transactions, balances, income and expenses are eliminated in full on consolidation. Unrealized gains
\narising from transactions from equity-accounted investees are eliminated against the investment to the extent of the
\nGroup\u2019s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the
\nextent that there is no evidence of impairment.
\n
\n\n
\n\nBusiness combinations
\n
\nAcquisitions of subsidiaries and businesses are accounted for using the acquisition method. The consideration of each
\nacquisition is measured as the aggregate of the fair values (at the date of exchange) of assets given, liabilities incurred
\nor assumed, and equity instruments issued by the Group in exchange for control of the acquiree. Acquisition related
\ncosts are recognized in profit or loss as incurred.
\n
\nWhere applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent
\nconsideration arrangement, measured at its acquisition date fair value. Subsequent changes in such fair values are
\nadjusted against the cost of acquisition where they qualify as measurement period adjustments. All other subsequent
\nchanges in the fair value of contingent consideration classified as an asset or liability are accounted for in accordance
\nwith relevant IFRSs. Changes in the fair value of contingent consideration classified as equity are not recognized.
\n
\nThe acquiree\u2019s identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition under
\nIFRS 3 are recognized at their fair value at the acquisition date, except that:
\n
\n
\n\u2022 deferred tax assets or liabilities and liabilities or assets related to employee benefit arrangements are
\nrecognized and measured in accordance with IAS 12 Income Taxes and IAS 19 Employee Benefits respectively;
\n
\n\u2022 liabilities or equity instruments related to the replacement by the Group of an acquiree\u2019s share based payment
\nawards are measured in accordance with IFRS 2 Share based payment; and
\n
\n\u2022 assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Noncurrent Assets
\nHeld for Sale and Discontinued Operations are measured in accordance with that Standard.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n
\n\n
\n\n
\n
\n\n
\n\nNon-controlling interests in subsidiaries are identified separately from the Group\u2019s equity therein. The interests of non-
\ncontrolling shareholders may be initially measured either at fair value or at the non-controlling interests\u2019 proportionate
\nshare of the fair value of the acquiree\u2019s identifiable net assets. The choice of measurement basis is made on an
\nacquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the
\namount of those interests at initial recognition plus the non-controlling interests\u2019 share of subsequent changes in equity.
\nTotal comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests
\nhaving a deficit balance.
\n
\n\n
\nChanges in the Group\u2019s ownership interests in existing subsidiaries
\n
\nChanges in the Group's ownership interests in subsidiaries that do not result in the Group losing control over the
\nsubsidiaries are accounted for as equity transactions. The carrying amounts of the Group's interests and the
\nnon-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference
\nbetween the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid
\nor received is recognized directly in equity and attributed to the owners of the Company.
\n
\nWhen the Group loses control of a subsidiary, it derecognizes the assets and liabilities of the subsidiary and any related
\nNCI and other components of equity. The profit or loss on disposal is calculated as the difference between:
\n
\n(i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the
\nprevious carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling
\ninterests. Amounts previously recognized in other comprehensive income in relation to the subsidiary are accounted
\nfor in the same manner as would be required if the relevant assets or liabilities were disposed of (i.e. reclassified to
\nprofit or loss or transferred directly to retained earnings). The fair value of any investment retained in the former
\nsubsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting
\nunder IFRS 9 Financial Instruments or, when applicable, the cost on initial recognition of an investment in an associate
\nor jointly controlled entity.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\nInvestments in subsidiary and associates
\n
\nIn the individual accounts of the Company, investments in subsidiary, associate and jointly controlled companies are
\npresented at cost less provision for impairment. The Group\u2019s interests in equity-accounted investees comprise interests
\nin associates. Associates are those entities in which the Group has significant influence, but not control or joint control,
\nover the financial and operating policies. Significant influence is presumed to exist when the Group holds between 20%
\nand 50% of the voting power of another entity. Interest in associates is accounted for using the equity method and is
\nrecognized initially at cost. The cost of the investment includes transaction costs.
\n
\nThe consolidated financial statements include the Group\u2019s share of the profit or loss and other comprehensive income
\nof equity accounted investees from the date that significant influence commences until the date that significant
\ninfluence ceases. When the Group\u2019s share of losses exceeds its interest in an equity-accounted investee, the carrying
\namount of that interest including any long-term investments, is reduced to zero, and the recognition of further losses
\nis discontinued, except to the extent that the Group has an obligation or has made payments on behalf of the investee.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\nFinancial assets at fair value through other comprehensive income (FVOCI)
\n
\nThe Group accounts for financial assets at FVOCI if the assets meet the following conditions:
\n
\n- They are held under a business model whose objective it is \u201chold to collect\u201d the associated cash flows and
\nsell, and
\n- The contractual terms of the financial assets give rise to cash flows that are solely payments of principal and
\ninterest on the principal amount outstanding.
\n
\nAny gains or losses recognized in other comprehensive income will be transfer to profit and loss upon derecognition of
\nthe asset.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n2. Significant accounting policies (continued)
\n\n
\n\nGoodwill
\n
\nGoodwill arising in a business combination is recognized as an asset at the date that control is acquired (the acquisition
\ndate). Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any
\nnon-controlling interests in the acquiree, and the fair value of the acquirer\u2019s previously held equity interest in the
\nacquiree (if any) over the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities
\nassumed.
\n
\nIf, after reassessment, the Group\u2019s interest in the fair value of the acquiree\u2019s identifiable net assets exceeds the sum
\nof the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the
\nacquirer\u2019s previously held equity interest in the acquiree (if any), the excess is recognized immediately in profit or loss
\nas a bargain purchase gain.
\n
\nFor the purpose of impairment testing, goodwill is allocated to each of the Group\u2019s cash-generating units expected to
\nbenefit from the synergies of the combination.
\n
\nCash-generating units to which goodwill has been allocated are tested for impairment annually, or more frequently
\nwhen there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is
\nless than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill
\nallocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset
\nin the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period.
\n
\nOn disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the profit or loss on
\ndisposal.
\n
\n\n
\n\n\nSegmental reporting
\n
\nThe Group is organized by geographical segments and this is the primary format for segmental reporting. Each
\ngeographical segment is subject to risks and returns that are different from those of other segments.
\n
\n\n
\n\nRevenue recognition
\n
\nThe Group recognizes revenue mainly from the following major sources:
\n
\n- Sale of goods
\n- Sale of optional warranties related to the aforementioned products
\n- Sale of software licenses
\n- Rendering of services
\n
\nRevenue is measured based on the consideration to which the Group expects to be entitled in a contract with a
\ncustomer. The Group recognizes revenue when it transfers control of a product to a customer.
\n
\nSale of goods
\n
\nThe Group sells IT components and finished products mainly to small-medium businesses and retail market. Revenue
\nrepresents amounts invoiced to customers in respect of sales of goods during the year and is stated net of trade
\ndiscounts, rebates, customer returns and other similar allowances. Based on historical data and using the \u201cmost likely
\namount\u201d method, the expected returns for the year were of insignificant value. Therefore, a significant reversal of
\nrevenue was not expected, and the effect of the returns was recorded as occurred.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nRevenue from the sale of goods is recognized when the control of the product is transferred to the customer. The point
\nin time at which the control is transferred and the performance obligation is considered as satisfied, is decided based
\non the incoterms of each sale of goods and also by considering the following indicators:
\n
\n\u2022 the entity has a present right to payment for the asset
\n\u2022 the customer has legal title to the asset
\n\u2022 the entity has transferred physical possession of the asset
\n\u2022 the customer has the significant risks and rewards related to the ownership of the asset and
\n\u2022 the customer has accepted the asset.
\n
\nMore specifically, for each of the most used incoterms, revenue is recognized at the following point in time:
\n
\n\u2022 Ex-works (EXW) - when the goods become available to the buyer
\n\u2022 Carriage-paid-to (CPT) \u2013 when the goods have been delivered to the carrier
\n\u2022 Carriage-and-insurance-paid-to (CIP) - when the goods have been delivered to the carrier
\n\u2022 Free carrier (FCA) - when the goods have been delivered to the carrier at the named place or point
\n
\nSale of optional warranties
\n
\nThe Group sells optional warranties only when the vendor offers this option. The Group enters into agreements with
\npurchasers of its goods to perform necessary repairs falling outside of the products standard warranty period. Since it
\nis the vendor that has the ultimate liability regarding the optional warranties sold, the performance obligation is
\nconsidered satisfied upon sale and the related revenue is recognized immediately
\n
\n
\nSale of software licenses
\n
\n
\nThe Group sells licenses only for software created by third parties. Software licenses are neither customized nor subject
\nto significant integration services by the Group. Since the Group only acts just as the distributor of the licenses, the
\nperformance obligation is considered satisfied upon sale and the related revenue is recognized immediately.
\n
\nRendering of services
\n
\n
\nThe Group provides mainly Value-Added Services (VAD) relating to the sale of IT components and finished products
\nwhen the vendor offers this option. The Group enters into fixed price maintenance contracts with its customers between
\none and three years in length. Customers are required to pay in advance for each twelve-month service period and
\nthe relevant payment due dates are specified in each contract. Since it is the vendor that has the ultimate liability
\nregarding the services sold, the performance obligation is considered satisfied upon sale and the related revenue is
\nrecognized immediately.
\n
\n\n
\n\n
\nDividend and interest income
\n
\nDividend income from investments is recognized when the Company\u2019s right to receive payment has been established.
\n
\n\nInterest income is recognized when it is probable that the economic benefits will flow to the Group and the Company
\nand the amount of revenue can be measured reliably.
\n
\nInterest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate
\napplicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the
\nfinancial asset to that asset\u2019s net carrying amount.
\n
\n\n
\n\n\nBorrowing costs
\n
\nAll borrowing costs are recognized in the income statement in the period in which they are incurred using the effective
\ninterest method.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nEmployee benefits
\n
\nDefined contribution pension plans
\n
\nA defined contribution plan, the Employee Provident Fund, is a post-employment benefit plan under which the Company
\npays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts.
\nThe Company operates a defined contribution scheme, the assets of which are held in a separate trustee-administered
\nfund. Obligations for contributions to defined contribution pension plans are recognized as staff costs in the statement
\nof comprehensive income in the year during which services are rendered by employees.
\n
\nContributions to the Government Social Insurance Fund
\n
\nThe Group/Company and the employees contribute to the Government Social Insurance Fund at the prevailing statutory
\nrate which is applied on employees' salaries. The scheme is funded by payments from employees and by the
\nGroup/Company. The Group\u2019s/Company's contributions are expensed as incurred and are included in staff costs. The
\nGroup/Company has no further payment obligations once the contributions have been paid. Prepaid contributions are
\nrecognized as an asset to the extent that a cash refund or a reduction in the future payments is available.
\n
\n\n
\n\nShare-based payment transactions
\n
\nThe grant-date fair value of share-based payment awards granted to employees is recognized as an employee expense,
\nwith a corresponding increase in equity, over the period that the employees become unconditionally entitled to the
\nawards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service
\nand non-market performance conditions are expected to be met, such that the amount ultimately recognized as an
\nexpense is based on the number of awards that meet the related service and non-market performance conditions at
\nthe vesting date. For share-based payment awards with non-vesting conditions, the grant-date fair value of the
\nshare-based payment is measured to reflect such conditions and there is no true-up for differences between expected
\nand actual outcomes.
\n
\n\n
\n\nForeign currencies
\n
\nThe individual financial statements of each Group entity are presented in the currency of the primary economic
\nenvironment in which the entity operates (its functional currency). For the purpose of the consolidated financial
\nstatements, the results and financial position of each entity are expressed in United States Dollars (US$), which is the
\nfunctional currency of the Company and the presentation currency for both the consolidated and separate financial
\nstatements.
\n
\nIn preparing the financial statements of the individual entities, transactions in currencies other than the entity\u2019s
\nfunctional currency (foreign currencies) are recorded at the rates of exchange prevailing at the dates of the
\ntransactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated
\nat the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies
\nare retranslated at the rates prevailing at the date when the fair value was determined. Non-monetary items are
\nmeasured in terms of historical cost in a foreign currency and are not retranslated.
\n
\nExchange differences are recognized in the profit and loss in the period in which they arise. For the purpose of
\npresenting consolidated financial statements, the assets and liabilities of the Group\u2019s foreign operations are expressed
\nin United States Dollars using exchange rates prevailing at the end of the reporting period. Income and expense items
\nare translated at the average exchange rates for the period, unless exchange rates fluctuated significantly during the
\nperiod, in which case the exchange rates at the date of the transactions are used. Exchange differences arising, if any,
\nare recognized in other comprehensive income and accumulated in equity (attributed to non-controlling interests as
\nappropriate).
\n
\nOn the disposal of a foreign operation (i.e. a disposal of the Group\u2019s entire interest in a foreign operation, or a disposal
\ninvolving loss of control over a subsidiary that includes a foreign operation, loss of joint control over a jointly controlled
\nentity that includes a foreign operation, or loss of significant influence over an associate that includes a foreign
\noperation), all of the accumulated exchange differences in respect of that operation attributable to the Group are
\nreclassified to profit or loss. Any exchange differences that have previously been attributed to non-controlling interests
\nare reclassified to other comprehensive income.
\n
\nGoodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities
\nof the foreign operation and translated at the closing rate.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n2. Significant accounting policies (continued)
\n\n
\nTax
\n
\nIncome tax expense represents the sum of the tax currently payable and deferred tax.
\n
\nCurrent tax
\n
\nThe tax currently payable is based on taxable profit for the year. Taxable profit differs from profit reported in the
\nincome statement because it excludes items of income or expenses that are taxable or deductible in other years and
\nit further excludes items that are never taxable or deductible. The Group\u2019s liability for current tax is calculated using
\nthe tax rates that have been enacted or substantively enacted by the end of the reporting period.
\n
\n\nDeferred tax
\n
\nDeferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the
\nfinancial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities
\nare generally recognized for all taxable temporary differences, and deferred tax assets are generally recognized for all
\ndeductible temporary differences to the extent that it is probable that taxable profits will be available against which
\nthose deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if
\nthe temporary differences arise from goodwill or from the initial recognition (other than in a business combination) of
\nother assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.
\n
\nThe carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent
\nthat it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be
\nrecovered.
\n
\nDeferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the
\nliability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantially
\nenacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax
\nconsequences that would follow from the manner in which the Group expects, at the end of the reporting period, to
\nrecover or settle the carrying amount of its assets and liabilities.
\n
\nDeferred tax assets and liabilities are offset when there is legally enforceable right to set off current tax assets against
\ncurrent tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends
\nto settle its current tax assets and liabilities on a net basis.
\n
\n
\nCurrent and deferred tax for the period
\n
\nCurrent and deferred tax are recognized as an expense or income in profit or loss, except when they relate to items
\nthat are recognized in other comprehensive income, in which case the tax is also recognized in equity.
\n
\n\n
\n\n\nDividend distribution
\n
\nDividend distribution to the shareholders is recognized in the financial statements in the year in which dividends are
\ndeclared.
\n
\n\n\nProperty, plant and equipment
\n
\nProperty, plant and equipment are carried at cost less accumulated depreciation and any accumulated impairment
\nlosses.
\n
\nProperties in the course of construction for production, rental or administrative purposes, are carried at cost less any
\nrecognized impairment loss. Such properties are classified to the appropriate categories of property, plant and
\nequipment when completed and are ready for their intended use. Depreciation of these assets, on the same basis as
\nother property assets, commences when the assets are ready for their intended use.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n\n\n
\n\nDepreciation is provided at rates calculated to write off the cost less the estimated residual value of property, plant
\nand equipment (other than freehold land and properties under construction) on a straight-line basis over their
\nestimated useful economic lives as follows:
\n
\n
\nLeasehold property
\nOver the remaining period of the right for usage of the land
\nBuildings
\n46 - 100 years
\nComputer hardware
\n5 years
\nWarehouse machinery
\n3 - 5 years
\nMotor vehicles
\n5 years
\nFurniture, fittings and office equipment
\n10 years
\n
\nNo depreciation is provided on land.
\n\n\n
\nAn item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are
\nexpected to arise from the continued use of the asset.
\n
\nThe gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the
\ndifference between the sale proceeds and the carrying amount of the asset and is recognized in the profit and loss
\nwhen the asset is disposed.
\n
\nThe estimated useful life and depreciation method are reviewed at the end of each annual reporting period, with the
\neffect of any changes in estimate being accounted for on a prospective basis.
\n
\n\n
\n\n
\n\nIntangible assets
\n
\nIntangible assets consist of computer software, patents and licenses which are stated at cost less accumulated
\namortization and accumulated impairment losses. Amortization is provided at rates calculated to write off the cost less
\nthe estimated residual value of the assets using the straight-line method as follows:
\n
\nComputer software
\n3 - 10 years
\nPatents and licenses
\n3 years
\n
\nThe estimated useful life and amortization method are reviewed at the end of each reporting period, with the effect of
\nany changes in estimate being accounted for on a prospective basis.
\n
\nAn intangible asset is derecognized on disposal, or when no future economic benefits are expected from use. Gains or
\nlosses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds
\nand the carrying amount of the asset, and are recognized in profit or loss when the asset is derecognized.
\n
\n\n
\n\n\nInvestment Property
\nInvestment property comprises a number of commercial properties that are leased to third parties. Investment property
\ninitially measured at cost less accumulated depreciation and any accumulated impairment losses (note 10). Rental
\nincome from investment property is recognized as \u201cother gains and losses\u201d on a straight-line basis over the term of
\nthe lease. An investment property is derecognized upon disposal or when the investment property is permanently
\nwithdrawn from use and no future economic benefits are expected from the continued use of the asset. Any gain or
\nloss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the
\ncarrying amount of the asset) is included in profit or loss in the period in which the property is derecognized.
\n
\n\n\nRepairs and maintenance
\n
\nExpenditure for repairs and maintenance of property, plant and equipment and costs associated with maintenance of
\ncomputer software programs are recognized as an expense as incurred.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nImpairment of tangible and intangible assets excluding goodwill
\n
\nAt the end of each reporting period, the Group and the Company reviews the carrying amounts of its tangible and
\nintangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If
\nany such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
\nimpairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Group
\nand the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Where a
\nreasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual
\ncash-generating units, or otherwise they are allocated to the smallest Group of cash-generating units for which a
\nreasonable and consistent basis of allocation is identified.
\n
\nRecoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the
\nestimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current
\nmarket assessments of the time value of money and the risks specific to the asset for which the estimated of future
\ncash flows have not been adjusted.
\n
\nIf the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the
\ncarrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is
\nrecognized immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the
\nimpairment loss is treated as a revaluation decrease.
\n
\nWhere an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is
\nincreased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed
\nthe carrying amount that would have been determined had no impairment loss been recognized for the asset (or
\ncash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss, unless
\nthe relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a
\nrevaluation increase.
\n
\n\n
\n\n
\nFinancial instruments
\n
\nFinancial assets and financial liabilities are recognized when a Group entity becomes a party to the contractual
\nprovisions of the instrument.
\n
\nFinancial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable
\nto the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities
\nat fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial
\nliabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial
\nassets or financial liabilities at fair value through profit or loss are recognized immediately in profit or loss.
\n
\n\nFinancial assets
\n
\nAll regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular
\nway purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame
\nestablished by regulation or convention in the marketplace.
\n
\n
\nAll recognized financial assets are measured subsequently in their entirety at either amortized cost or fair value,
\ndepending on the classification of the financial assets.
\n
\n(i)
\n
\nClassification and subsequent measurement
\n
\nOn initial recognition, a financial asset is classified as measured at: amortized cost; Fair Value through Other
\nComprehensive Income \u2013 debt investment; Fair Value through Other Comprehensive Income \u2013 equity investment; or
\nFair value through profit or loss.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n2. Significant accounting policies (continued)
\n
\n\n
\n\n\n
\n
\n
\nFinancial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model
\nfor managing financial assets, in which case all affected financial assets are reclassified on the first day of the first
\nreporting period following the change in the business model.
\n
\n\u2022
\nFinancial assets at FVTPL
\n
\nThese assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income,
\nare recognized in profit or loss.
\n
\n\u2022
\nFinancial assets at FVOCI
\n
\nThese assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income,
\nare recognized in other comprehensive income. On derecognition, gains and losses accumulated in OCI are reclassified
\nto profit or loss.
\n
\n\u2022
\nFinancial assets at amortized cost
\n
\nThese assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is
\nreduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in
\nprofit or loss. Any gain or loss on derecognition is recognized in profit or loss. Financial assets at amortized cost
\ncomprise of the following:
\n
\n\nTrade receivables including factored trade receivables
\n
\nThe Group enters into various invoice discounting agreements with factoring companies from which a percentage of
\napproved invoices are collected in advance. The invoices which are given for collection in advance are with recourse
\nand included within trade receivables, whereas the amount collected from the factoring Company is presented in the
\nstatement of financial position under current liabilities until the date of settlement by the debtors. Factoring expenses
\nare charged to the statement of comprehensive income.
\n
\n\n
\n\nLoans granted
\n
\nLoans granted by the Company to the borrower are categorized as loans. All loans are recognized when cash is
\nadvanced to the borrower.
\n
\n\n
\n\nCash and cash equivalents
\n
\nThe Group considers all short-term highly liquid instruments with maturities of 3 months or less which are subject to
\ninsignificant risk of changes in value to be cash equivalents.
\n
\n\u2022
\nDebt investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Interest income calculated using the effective interest method,
\nforeign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are
\nrecognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss.
\n
\n\u2022
\nEquity investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the
\ndividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized
\nin OCI and are never reclassified to profit or loss.
\n\n\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n
\n
\n\n
\n
\n\n
\n\n(ii)
\n
\nDerecognition
\n
\nThe Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire,
\nor it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and
\nrewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains
\nsubstantially all of the risks and rewards of ownership and it does not retain control of the financial assets.
\n
\nThe Group enters into transactions whereby it transfers assets recognized in its statement of financial position but
\nretains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred
\nassets are not derecognized.
\n
\n\n
\n\n
\n\n
\nFinancial liabilities
\n
\n(i)
\n
\nClassification and subsequent measurement
\n
\nFinancial liabilities are classified as measured at amortized cost or FVTPL. A financial liability is classified as at FVTPL if
\nit is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities
\nat FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognized in profit
\nor loss. Other financial liabilities are subsequently measured at amortized cost using the effective interest method.
\nInterest expense and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on
\nderecognition is also recognized in profit or loss.
\n
\n\nFinancial guarantee contracts
\n
\nA financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder
\nfor a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms of a debt
\ninstrument.
\n
\nFinancial guarantee contracts issued by the Company/Group are accounted for and measured initially at their fair
\nvalues, and subsequently measured at the higher of:
\n
\n\u2022 the amount of the obligation under the contract, as determined in accordance with IAS 37 Provisions,
\nContingent Liabilities and Contingent Assets and
\n\u2022 the amount initially recognized less, where appropriate, cumulative amortization recognized in accordance
\nwith the revenue recognition policies as set out below.
\nAs at each reporting date presented in these financial statements, the Company participates in financial guarantee
\ncontracts and provide financial guarantees to its subsidiaries.
\nTo be classified as a financial guarantee contract, a contract needs to comply with all of the following conditions:
\n\u2022 The reference obligation is a debt instrument.
\n\u2022 The holder is compensated only for a loss that it incurs.
\n\u2022 The contract does not compensate the holder for more than the actual loss that it incurs.
\nFinancial guarantee contract in the scope of IFRS 9 is initially recognized at fair value. If the financial guarantee contract
\nwas issued in a stand-alone arm\u2019s length transaction to an unrelated party, then its fair value at inception is considered
\nto be equal to the premium received unless there is evidence to the contrary.
\nIn the case of a guarantee provided by the Company over the liability of a subsidiary, when no consideration is or will
\nbe received, the Company recognize a liability in its financial statements for the fair value of the guarantee at the date
\nof granting the financial guarantee and the respective increase in the cost of the investment in subsidiary.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n\n
\n
\n
\n
\n
\n
\n
\n\n
\nSubsequently, all financial guarantee contracts mentioned above are measured at the higher of:
\n\u2022 the amount of the loss allowance determined in accordance with IFRS 9 over the loan balance as at reporting
\ndate; and
\n\u2022 the amount initially recognized less, when appropriate, the cumulative amount of income recognized in
\naccordance with the principles of IFRS 15.
\n\nFee income recognized in accordance with the principles of IFRS 15 is posted within \u201cfinance income\u201d caption of
\nstatement of profit and loss and other comprehensive income.
\n
\n\nAny gain or loss caused by remeasurement of guarantee liabilities is posted through respective \u201cfinance income\u201d and
\n\u201cfinance expenses\u201d captions of statement of profit and loss and other comprehensive income.
\n
\n\n
\n\nBank borrowings
\n
\nInterest-bearing bank loans and overdrafts are recorded at the proceeds received, net of direct issue costs. Finance
\ncharges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an
\naccrual basis to the income statement using the effective interest method and are added to the carrying amount of
\nthe instrument to the extent that they are not settled in the period in which they arise.
\n
\n\n
\n\n(ii)
\nDerecognition
\n
\n
\nThe Group derecognizes a financial liability when its contractual obligations are discharged or cancelled or expire. The
\nGroup also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are
\nsubstantially different, in which case a new financial liability based on the modified terms is recognized at fair value.
\n
\nOn derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration
\npaid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.
\n
\n\n
\nEffective interest method
\n
\nThe effective interest method is a method of calculating the amortized cost of a financial asset or liability and allocating
\ninterest income or expense over the relevant period. The effective interest rate is the rate that exactly discounts
\nestimated future cash flows (including all fees on points paid or received that form an integral part of the effective
\ninterest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset or
\nliability, or, where appropriate, a shorter period.
\n
\n\n\nInventories
\n
\nInventories comprise of:
\n
\n\u2022 IT products (components and finished products) which are stated at the lower of cost and net realizable value.
\nCost is determined on the basis of standard cost method for the price protected stock items and on the
\nweighted average cost method for the non-price protected stock items and comprises the cost of acquisition
\nplus any other costs that are incurred to bring the stock items to their present location and condition. Net
\nrealizable value represents the estimated selling price for inventories less all cost necessary to make the sale.
\n\u2022 Land under development which is carried at cost.
\n
\n\n\nEquity instruments
\n
\nAn equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of
\nits liabilities. Equity instruments issued by the Group are recorded at the proceeds received, net of direct issue costs.
\n
\nRepurchase of the Company\u2019s own equity instruments is recognized and deducted directly in equity. No gain or loss is
\nrecognized in profit or loss on the purchase, sale, issue or cancellation of the Company\u2019s own equity instruments.
\n
\n\n\nProvisions
\n
\nA provision is recognized in the statement of financial position when the Company/Group has a legal or constructive
\npresent obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to
\nsettle the obligation, and a reliable estimate can be made of the amount of the obligation.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nThe amount recognized as a provision is the best estimate of the consideration required to settle the present obligation
\nat the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Where a
\nprovision is measured using the cash flow estimated to settle the present obligation, its carrying amount is the present
\nvalue of those cash flows.
\n
\nWhen some or all of the economic benefits required to settle a provision are expected to be recovered from a third
\nparty, the receivable is recognized as an asset if it is virtually certain that the reimbursement will be received and the
\namount of the receivable can be measured reliably.
\n
\nWarranties
\n
\nProvisions for the expected cost of warranty are recognized at the date of sale of the relevant products, at the Directors\u2019
\nbest estimate of the expenditure required to settle the Company\u2019s/Group\u2019s obligations.
\n
\nMarketing
\n
\nProvisions for the expected cost of marketing activities are recognized based on purchase of products, cost of goods
\nsold and other various vendors rebates depending on turnover and marketing strategy. Marketing provisions are mainly
\nused to support promotional and advertising related activities.
\n
\n\n\nImpairment
\nFinancial assets
\n
\n
\nThe Group uses 'expected credit loss' (ECL) model. This impairment model applies to financial assets measured at
\namortized cost, contract assets and debt instruments at FVOCI but not to investments in equity instruments. ECLs are
\nbased on the difference between the contractual cash flows due in accordance with the contract and all the cash flows
\nthat the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected
\ncash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the
\ncontractual terms.
\n
\nThe Group recognizes loss allowances for ECLs on financial assets measured at amortized cost.
\n
\nECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit
\nrisk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within
\nthe next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in
\ncredit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the
\nexposure, irrespective of the timing of the default (a lifetime ECL) due.
\n
\nFor trade receivables and contract assets, the Group applies a simplified approach in calculating ECLs. Therefore, the
\nGroup does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each
\nreporting date. The Group has established a provision matrix that is based on its historical credit loss experience,
\nadjusted for forward-looking factors specific to the debtors and the economic environment.
\n
\nAn impairment loss is calculated as the difference between an asset\u2019s carrying amount and the present value of the
\nestimated future cash flows discounted at the asset\u2019s original effective interest rate. Losses are recognized in profit or
\nloss. When the Group considers that there are no realistic prospects of recovery of the asset, the relevant amounts are
\nwritten off. If the amount of impairment loss subsequently decreases and the decrease can be related objectively to
\nan event occurring after the impairment was recognized, then the previously recognized impairment loss is reversed
\nthrough profit or loss.
\n
\nLoss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the
\nassets.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nNon-financial assets
\n
\n
\nAt each reporting date, the Group reviews the carrying amounts of its non-financial assets to determine whether there
\nis any indication that those assets have suffered an impairment loss. An impairment loss is recognized if the carrying
\namount of an asset or cash-generating unit (CGU) exceeds its recoverable amount. Where it is not possible to estimate
\nthe recoverable amount of an individual asset, the Group estimates the recoverable amount of the CGU to which the
\nasset belongs. Goodwill is tested annually for impairment.
\n
\nRecoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the
\nestimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current
\nmarket assessments of the time value of money and the risks specific to the asset.
\n
\nIf the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount
\nof the asset (CGU) is reduced to its recoverable amount. An impairment loss is recognized immediately in profit or loss,
\nunless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation
\ndecrease.
\n
\nWhere an impairment loss subsequently reverses, the carrying amount of the asset (CGU) is increased to the revised
\nestimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount
\nthat would have been determined had no impairment loss been recognized for the asset (CGU) in prior years. A reversal
\nof an impairment loss is recognized immediately in profit or loss, unless the relevant asset is carried at a revalued
\namount, in which case the reversal of the impairment loss is treated as a revaluation increase.
\n
\n\n\nLeases
\n
\nAt inception or on reassessment of a contract that contains a lease component, the Group and the Company allocates
\nthe consideration in the contract to each lease and non-lease component on the basis of their relative stand-alone
\nprices. However, for leases of properties in which it is a lessee, the Group and the Company elected not to separate
\ncomponents and will instead account for the lease and non-lease components as a single lease component.
\n
\nThe Group and the Company leases land and buildings and motor vehicles. As a lessee, the Group and the
\nCompany previously classified leases as operating or finance leased based on its assessment of whether the lease
\ntransferred substantially all the risks and rewards of ownership. Under IFRS 16, the Group and the Company recognizes
\nright-of-use assets and lease liabilities for most leases \u2013 i.e. these leases are on balance sheet. The Group and the
\nCompany presents lease liabilities in \u2018long-term borrowings\u2019 and \u2018short-term borrowings\u2019 in the statements of financial
\nposition.
\n
\nThe Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset
\nis initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments
\nmade at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle
\nand remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease
\nincentives received.
\nThe right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the
\nend of the lease term, unless the lease transfers ownership of the underlying asset to the Group/Company by the end
\nof the lease term or the cost of the right-of-use asset reflects that the Group/Company will exercise a purchase option.
\nIn that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined
\non the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by
\nimpairment losses, if any, and adjusted for certain remeasurements of the lease liability.
\nThe lease liability is initially measured at the present value of the lease payments that are not paid at the
\ncommencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily
\ndetermined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the
\ndiscount rate.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n\nThe Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources
\nand makes certain adjustments to reflect the terms of the lease and type of the asset leased.
\nLease payments included in the measurement of the lease liability comprise the following:
\n\u2022 fixed payments, including in-substance fixed payments;
\n\u2022 variable lease payments that depend on an index or a rate, initially measured using the index or rate as at
\nthe commencement date;
\n\u2022 amounts expected to be payable under a residual value guarantee; and
\n\u2022 the exercise price under a purchase option that the Group/Company is reasonably certain to exercise, lease
\npayments in an optional renewal period if the Group/Company is reasonably certain to exercise an extension
\noption, and penalties for early termination of a lease unless the Group/Company is reasonably certain not to
\nterminate early.
\nThe lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a
\nchange in future lease payments arising from a change in an index or rate, if there is a change in the Group/Company\u2019s
\nestimate of the amount expected to be payable under a residual value guarantee, if the Group/Company changes its
\nassessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance
\nfixed lease payment.
\nWhen the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the
\nright-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to
\nzero.
\nNon-recoverable VAT is excluded from lease accounting as VAT payments are not made to lessor in exchange for the
\nright to use an underlying asset. Instead, they are levies imposed by the government and are in the scope of IFRIC 21
\n(Levies) and are recognized when they are due under the tax law (when the invoice is issued). They are expensed in
\nStatement of profit or loss and other comprehensive income immediately at the moment they are recognized.
\nShort-term leases and leases of low-value assets
\nThe Group/Company has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets
\nand short-term leases. The Group/Company recognizes the lease payments associated with these leases as an expense
\non a straight-line basis over the lease term.
\n
\n\n
\n\n
\n\nCritical judgements in applying the entity\u2019s accounting policies and key sources of estimation
\nuncertainty
\n
\nThe preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates
\nand requires management to exercise its judgement in the process of applying the Group\u2019s accounting policies. It also
\nrequires the use of assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
\nassets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during
\nthe reporting period. Although these estimates are based on management\u2019s best knowledge of current events and
\nactions, actual results may ultimately differ from those estimates. The estimates and assumptions, that have a
\nsignificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
\nyear, are discussed below:
\n
\nRevenue recognition
\n
\nIn making its judgment, management considered the detailed criteria for the recognition of revenue from the sale of
\ngoods as set out in IFRS 15 Revenue from Contracts with Customers and, in particular, whether the Company/Group
\nhad transferred to the buyer the significant risks and rewards of ownership of the goods. The timing of the transfer of
\ncontrol is decided based on related incoterms. The management is satisfied that the significant risks and rewards have
\nbeen transferred and the recognition of the revenue in the current year is appropriate.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n2. Significant accounting policies (continued)
\n
\n\n
\n\nProvision for bad and doubtful debts
\n
\nThe Company/Group reviews its trade and other receivables for evidence of their recoverability. Such evidence includes
\nthe customer\u2019s payment record, the customer\u2019s overall financial position and expected recovery from credit insurance.
\nIf indications of non-recoverability exist, the recoverable amount is estimated and a respective provision for bad and
\ndoubtful debts is made. The amount of the provision is charged through the income statement. The review of credit
\nrisk is continuous and the methodology and assumptions used for estimating the provision are reviewed regularly and
\nadjusted accordingly.
\n
\nCalculation of loss allowance
\n
\nWhen measuring ECL the Group uses reasonable and supportable forward-looking information, which is based on
\nassumptions for the future movement of different economic drivers and how these drivers will affect each other. Loss
\ngiven default is an estimate of the loss arising on default. It is based on the difference between the contractual cash
\nflows due and those that the lender would expect to receive, taking into account cash flows from collateral and integral
\ncredit enhancements.
\n
\nProbability of default constitutes a key input in measuring ECL. Probability of default is an estimate of the likelihood of
\ndefault over a given time horizon, the calculation of which includes historical data, assumptions and expectations of
\nfuture conditions. Loss rates are calculated separately for exposures in different segments which share common credit
\nrisk characteristics and are based on actual credit loss experience over the past four years. Significant customers, if
\nany, are assessed individually.
\n
\nProvision for obsolete and slow-moving inventory
\n
\nThe Company/Group reviews its inventory records for evidence regarding the salability of inventory and its net
\nrealizable value on disposal. The provision for obsolete and slow-moving inventory is based on management\u2019s past
\nexperience, taking into consideration arrangements with suppliers for price protection and for returning defective stock;
\nthe value of inventory as well as the movement and the level of stock of each category of inventory.
\nAny change in the amount of provision is recognized in the income statement. The review of the net realizable value
\nof the inventory is continuous and the methodology and assumptions used for estimating the provision for obsolete
\nand slow-moving inventory are reviewed regularly and adjusted accordingly.
\n
\nImpairment of investments in subsidiaries, associated and jointly controlled enterprises
\n
\nThe Group and Company periodically evaluates the recoverability of investments in subsidiaries, associates and jointly
\ncontrolled enterprises/jointly controlled enterprises whenever indicators of impairment are present. Indicators of
\nimpairment include such items as declines in revenues, earnings or cash flows or material adverse changes in the
\neconomic or political stability of a particular country, which may indicate that the carrying amount of an asset is not
\nrecoverable. If facts and circumstances indicate that the investment in subsidiaries/associates/jointly controlled
\nenterprises may be impaired, the estimated future undiscounted cash flows associated with these entities would be
\ncompared to their carrying amounts to determine if a write-down to fair value is necessary.
\n
\nWarranty provisions
\n
\nWarranty provisions represent the Company\u2019s/Group\u2019s best estimate of the liability as a result of the warranties granted
\non certain products and is based on past experience and industry averages for defective products.
\n
\nIncome taxes
\n
\nSignificant judgment is required in determining the provision for income taxes. There are transactions and calculations
\nfor which the ultimate tax determination is uncertain during the ordinary course of business. The Company/Group
\nrecognizes liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where
\nthe final tax outcome of these matters is different from the amounts that were initially recorded, such difference will
\nimpact the income tax and deferred tax provisions in the period in which such determination is made.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n\n
\n2. Significant accounting policies (continued)
\n
\n\n
\n\nTrade payables factoring facilities
\n
\nSignificant judgment is required in determining the appropriate presentation of supply-chain factoring facilities in the
\nstatement of financial position and statement of cash flow. The Group and the Company disclose the amounts factored
\nby suppliers separately from trade payables because the nature and function of the financial liabilities is sufficiently
\ndifferent from a trade payable that a separate presentation is appropriate. The payments to the bank are included
\nwithin operating cash flows because they continue to be part of the normal operating cycle of the Group and their
\nprincipal nature remains operating \u2013 i.e. payments for the purchase of goods and services.
\n
\n\n
\n\n
\n\n
\n\n
\n\n3. Revenue
\n
\n3.1 Disaggregation of revenue from contracts with customers
\n
\nAnalysis of revenue by category under revenue from contracts with customers is disaggregated by products and service
\nlines:
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nSales of goods
\n2,654,543
\n3,042,908
\n1,778,909
\n2,198,742
\nSales of licenses
\n29,296
\n 29,359
\n9,022
\n6,393
\nRendering of services
\n 5,758
\n 5,339
\n -
\n -
\nSales of optional warranty
\n 442
\n 370
\n 34
\n 266
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\nRevenue analysis by geographical market
\n
\nThe Group and the Company
\n
\nThe Group operates as a trader and distributor of computer hardware and software in a number of geographical
\nregions. The following table shows an analysis of the Group\u2019s sales by geographical market, irrespective of the origin
\nof the goods.
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n1,407,196
\n1,774,834
\n1,011,366
\n1,273,119
\nCentral Eastern Europe
\n653,643
\n 654,117
\n385,931
\n491,477
\nMiddle East & Africa
\n407,717
\n 327,799
\n239,718
\n251,838
\nWestern Europe
\n183,088
\n 266,607
\n100,759
\n138,312
\nOther
\n 38,395
\n 54,619
\n 50,191
\n 50,655
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n
\n
\n
\n
\n
\nTiming of revenue recognition
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nGoods transferred at a point in time
\n2,683,981
\n 3,072,637
\n1,787,665
\n2,205,327
\nServices transferred at a point in time
\n 6,058
\n 5,339
\n 300
\n 74
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n
\n\n
\n\n
\n\n
\n\n
\n\n3. Revenue (continued)
\n
\nRevenue analysis by currency
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nUS Dollar
\n 832,016
\n 1,025,593
\n1,656,109
\n 2,022,750
\nKazakhstan Tenge
\n 554,343
\n 353,724
\n -
\n -
\nEuro
\n 413,459
\n 518,059
\n131,381
\n 181,785
\nUkraine Hryvnia
\n 323,667
\n 408,596
\n -
\n -
\nRussian Ruble
\n 194,297
\n 329,585
\n -
\n 459
\nBelarusian Ruble
\n 89,205
\n 173,317
\n -
\n -
\nCzech Koruna
\n 53,159
\n 67,359
\n -
\n -
\nRomanian New Lei
\n 47,812
\n 52,702
\n -
\n -
\nBulgarian Lev
\n 37,557
\n 42,452
\n -
\n -
\nPolish Zloty
\n 30,301
\n 21,049
\n -
\n -
\nCroatian Kuna
\n 19,924
\n 26,042
\n -
\n -
\nBosnian Mark
\n19,759
\n 20,218
\n -
\n -
\nHungarian Forint
\n 8,072
\n 5,463
\n -
\n -
\nOther
\n 66,468
\n 33,817
\n 475
\n 407
\n
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n3.2 Contract balances
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade and other receivables
\n 328,931
\n 352,275
\n 53,314
\n 48,585
\n
\nThe Group
\n
\n
\nTrade receivables are non-interest bearing. On 31 December 2022, US$ 3,331 (2021: US$ 2,379) was recognized
\nas provision for impairment of trade receivables (note 16).
\n
\nContract assets are initially recognized for revenue earned from provision of series of services as receipt of
\nconsideration is conditional on successful completion of these services. Upon completion of the services and
\nacceptance by the customer, the amounts recognized as contract assets are reclassified to trade receivables. During
\n2022 and 2021, the impact of contract assets was not material at the Group level.
\n
\nContract liabilities primarily relates to the advance consideration received from customers for delivery of series of
\nservices for which revenue is recognized over time. During 2022 and 2021, the impact of contract liabilities was not
\nmaterial at the Group level.
\n
\n\n
\n\n
\n\n
\n
\n\n
\n\n5. Profit before tax
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nProfit before tax is stated after charging:
\n
\n
\n
\n
\n(a) Amortization of intangible assets (Note 9)
\n 1,203
\n 1,164
\n 1,032
\n 959
\n(b) Depreciation (Note 8)
\n 4,554
\n 3,910
\n 991
\n 755
\n(c) Depreciation of investment property (Note 10)
\n30
\n-
\n30
\n-
\n(c) Auditors' remuneration \u2013 audit fees
\n 536
\n 437
\n 293
\n 213
\n(d) Directors\u2019 remuneration \u2013 executive (Note 30)
\n 1,650
\n 1,706
\n 1,650
\n 1,706
\n(e) Directors\u2019 remuneration \u2013 non-executive (Note 30)
\n 25
\n 32
\n 25
\n 32
\n
\n\n
\n\n\n
\n\n
\n\n4. Other gains and losses
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDividend received
\n -
\n -
\n 591
\n 12,251
\n(Loss)/profit on disposal of property, plant and
\nequipment
\n (48)
\n (67)
\n (25)
\n 24
\nOther net income
\n 636
\n 150
\n 2,210
\n 9,563
\nBad debts recovered
\n 7
\n 11
\n -
\n -
\nRental income
\n353
\n 86
\n 238
\n 92
\nImpairment of investments
\n -
\n -
\n -
\n (2,357)
\nLoss on disposal of investment
\n -
\n -
\n -
\n (28)
\n
\n 948
\n 180
\n 3,014
\n 19,545
\n
\n\n
\n\n
\n\n
\n\n
\n
\n\n
\n
\n
\n\n
\n
\n6. Financial expense, net
\n
\n\n
\n\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nFinancial income
\n
\n
\n
\n
\nInterest income
\n 999
\n 146
\n 9
\n 12
\nInterest income from loans to subsidiary
\ncompanies (Note 30)
\n -
\n -
\n 84
\n 58
\nOther financial income
\n 3,365
\n 3,546
\n 2,205
\n 2,774
\nNet exchange gain
\n 596
\n 934
\n 1,509
\n -
\n
\n 4,960
\n 4,626
\n 3,807
\n 2,844
\n
\n\n
\n\n
\n
\n
\n
\n
\n\n
\n\nFinancial expense
\n
\n
\n
\n
\nBank interest
\n 10,886
\n 5,660
\n 177
\n 81
\nBank charges
\n 4,617
\n 4,928
\n 1,206
\n 1,330
\nDerivative charges
\n 798
\n 1,661
\n 747
\n 1,421
\nInterest on lease liabilities
\n 501
\n 405
\n 65
\n 58
\nFactoring interest
\n 7,478
\n 9,173
\n 459
\n 463
\nFactoring charges
\n 276
\n 386
\n 160
\n 165
\nOther financial expenses
\n 112
\n 358
\n 13
\n -
\nOther interest
\n 1,026
\n 1,742
\n 1,022
\n 1,712
\nInterest on loans from subsidiary companies
\n -
\n -
\n -
\n -
\nNet exchange loss
\n -
\n -
\n -
\n 443
\n
\n 25,694
\n 24,313
\n 3,849
\n 5,673
\nNet
\n (20,734)
\n (19,687)
\n (42)
\n (2,829)
\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n\n
\n\n7. Tax
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nPayables balance 1 January
\n 3,464
\n 4,676
\n 3,037
\n 3,264
\nProvision for the year
\n 15,223
\n 17,532
\n 5,265
\n 8,886
\nUnder/(over) provision of prior year
\n (51)
\n (361)
\n (103)
\n (422)
\nExchange difference on retranslation
\n (221)
\n (13)
\n -
\n -
\nAmounts paid, net
\n (16,401)
\n (18,370)
\n (5,794)
\n (8,691)
\nNet payable balance 31 December
\n 2,014
\n 3,464
\n 2,405
\n 3,037
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTax receivable
\n (1,588)
\n (1,156)
\n -
\n -
\nTax payable
\n 3,602
\n 4,620
\n 2,405
\n 3,037
\nNet
\n 2,014
\n 3,464
\n 2,405
\n 3,037
\n
\n\nThe taxation charge of the Group comprises corporation tax charge in Cyprus on the taxable profits of the Company
\nand those of its subsidiaries which are subject to tax in Cyprus and corporation tax in other jurisdictions on the taxable
\nresults of the foreign subsidiary companies.
\n
\n\n
\n\n
\n\n7. Tax (continued)
\n
\n43
\n
\nThe Company and all Cyprus resident companies of the Group are subject to corporation tax at the rate of 12.5%
\n(2021: 12.5%). The tax rates of subsidiaries in foreign jurisdictions range between 0% and 30%.
\n
\nDividends received by the Cyprus companies of the Group are exempt from corporation tax and they are also exempt
\nfrom defence tax.
\n
\nBank interest received by the Company and all Cyprus resident companies of the Group is subject to defence tax of
\n30% (2021: 30%).
\n
\nTax charge for the year
\n
\nThe Group
\nThe Company
\n
\n 2022
\n 2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nProvisions and withholding tax for the year
\n 15,223
\n 17,532
\n 5,265
\n 8,886
\nOver provision of prior year
\n (51)
\n (361)
\n (103)
\n (422)
\nDeferred tax charge
\n 4
\n 4
\n (159)
\n 42
\nNet
\n 15,176
\n 17,175
\n 5,003
\n 8,506
\n
\nThe charge for taxation is based on the Group\u2019s/Company\u2019s profits for the year as adjusted for tax purposes. The
\nreconciliation of the charge for the year is as follows:
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nProfit before tax
\n 91,046
\n 94,242
\n 39,231
\n 74,168
\nCorporation tax thereon at the applicable tax rates
\n 15,932
\n 12,994
\n 4,904
\n 9,270
\nTax on income not taxable in determining taxable
\nprofit
\n (5,303)
\n (2,292)
\n (472)
\n (1,700)
\nEffect of using tax losses brought forward
\n (111)
\n (34)
\n -
\n -
\nEffect of unused current year tax losses
\n 23
\n 72
\n -
\n -
\nTemporary differences
\n500
\n214
\n174
\n 479
\nTax charges and penalties
\n 4
\n 9
\n -
\n -
\nTax on non-allowable expenses
\n 4,175
\n 6,565
\n 656
\n 837
\n
\n15,220
\n 17,528
\n 5,262
\n 8,886
\nSpecial contribution to defence fund
\n 3
\n 4
\n3
\n -
\nOver provision of prior years
\n (51)
\n (361)
\n (103)
\n (422)
\nDeferred tax charge
\n 4
\n 4
\n (159)
\n 42
\nTax charge
\n 15,176
\n 17,175
\n 5,003
\n 8,506
\n
\n\n
\n\n
\n\n
\n\n8. Property, plant and equipment
\nThe Group
\n
\nLand and
\nbuildings
\nAssets under
\nconstruction
\nComputer
\nhardware
\nWarehouse
\nmachinery
\nMotor vehicles
\nFurniture and
\nfittings
\nOffice
\nequipment
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nCost
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 1 January 2021
\n 32,241
\n-
\n8,101
\n640
\n 4,083
\n 3,097
\n 4,200
\n 52,362
\nAdditions
\n 4,755
\n7,249
\n 1,363
\n 159
\n 794
\n 875
\n 559
\n 15,754
\nDisposals/write-offs
\n (250)
\n-
\n (495)
\n (24)
\n (335)
\n (74)
\n (87)
\n (1,265)
\nForeign exchange difference on retranslation
\n (896)
\n -
\n (169)
\n 20
\n (57)
\n (68)
\n (72)
\n (1,242)
\nAt 31 December 2021
\n 35,850
\n 7,249
\n 8,800
\n 795
\n 4,485
\n 3,830
\n 4,600
\n 65,609
\nAdditions
\n 8,923
\n2,992
\n 1,368
\n 52
\n 726
\n 1,617
\n 1,784
\n 17,462
\nDisposals/write-offs
\n (382)
\n-
\n (2,672)
\n (3)
\n (695)
\n (867)
\n (848)
\n (5,467)
\nTransfers
\n4,125
\n(9,926)
\n-
\n-
\n-
\n-
\n-
\n(5,801)
\nForeign exchange difference on retranslation
\n (430)
\n -
\n (258)
\n (1)
\n (77)
\n (330)
\n (211)
\n (1,307)
\nAt 31 December 2022
\n 48,086
\n 315
\n 7,238
\n 843
\n 4,439
\n 4,250
\n 5,325
\n 70,496
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nAccumulated depreciation
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 1 January 2021
\n 6,435
\n-
\n 6,079
\n 416
\n 1,746
\n 2,252
\n 2,706
\n 19,634
\nCharge for the year
\n 1,661
\n-
\n 729
\n 73
\n 796
\n 271
\n 380
\n 3,910
\nDisposals/write-offs
\n (250)
\n-
\n (495)
\n (24)
\n (290)
\n (74)
\n (87)
\n (1,220)
\nForeign exchange difference on retranslation
\n (136)
\n -
\n (140)
\n 23
\n (85)
\n (68)
\n (33)
\n (439)
\nAt 31 December 2021
\n 7,710
\n -
\n 6,173
\n 488
\n 2,167
\n 2,381
\n 2,966
\n 21,885
\nCharge for the year
\n 1,999
\n-
\n 811
\n84
\n 734
\n 461
\n 465
\n 4,554
\nDisposals/write-offs
\n (99)
\n-
\n (2,604)
\n (1)
\n (434)
\n (804)
\n (848)
\n (4,790)
\nTransfers
\n(1,367)
\n-
\n-
\n-
\n-
\n-
\n-
\n(1,367)
\nForeign exchange difference on retranslation
\n (173)
\n -
\n 108
\n (1)
\n (71)
\n 161
\n (123)
\n (99)
\nAt 31 December 2022
\n 8,070
\n -
\n 4,488
\n 570
\n 2,396
\n 2,199
\n 2,460
\n 20,183
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 31 December 2022
\n 40,016
\n 315
\n 2,750
\n 273
\n 2,043
\n 2,051
\n 2,865
\n 50,313
\nAt 31 December 2021
\n 28,140
\n 7,249
\n 2,627
\n 307
\n 2,318
\n 1,449
\n 1,634
\n 43,724
\n
\nLand and buildings are mortgaged for financing purposes. The cost of fully depreciated assets of the Group that are still in use amounted to US$ 5,251 (2021: US$ 8,487).
\n
\n\n
\n\n
\n\n
\n\n
\n
\n8. Property, plant and equipment (continued)
\n
\n\nIncluded in the net carrying amount of property, plant and equipment are right-of-use assets as follows:
\n
\nThe Group
\n
\nLand and
\nbuildings
\nWarehouse
\nmachinery
\nMotor
\nvehicles
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nBalance at 1 January 2021
\n 5,075
\n 35
\n 1,059
\n 6,169
\nDepreciation charge for the year
\n(1,233)
\n(7)
\n(435)
\n(1,675)
\nAdditions to right of use assets
\n4,565
\n-
\n463
\n5,028
\nForeign exchange difference on retranslation
\n (120)
\n (2)
\n 12
\n (110)
\nBalance at 31 December 2021
\n 8,287
\n 26
\n 1,099
\n 9,412
\nDepreciation charge for the year
\n(1,625)
\n(6)
\n(400)
\n(2,031)
\nAdditions to right of use assets
\n6,155
\n-
\n234
\n6,389
\nDerecognition of right of use assets
\n(36)
\n-
\n-
\n(36)
\nForeign exchange difference on retranslation
\n (99)
\n (2)
\n (118)
\n (219)
\nBalance at 31 December 2022
\n 12,682
\n 18
\n 815
\n 13,515
\n
\n\n
\n
\n
\n
\n
\nThe Group leases offices, warehouses and stores in various locations throughout the countries of operation. In
\naddition, the Group leases motor vehicles for business use and employee commuting, as well as some warehouse
\nmachinery for warehouse operations.
\n
\nThe total cash outflows for the leases related to the above right-of-use assets were US$ 2,252 (2021: US$ 2,504).
\n
\n\n
\n\n
\n\n
\n\n
\n\n9. Intangible assets
\n
\nThe Group
\nComputer
\nsoftware
\nPatents and
\nlicenses
\nTotal
\n
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\nCost at 1 January 2021
\n 10,592
\n 1,573
\n 12,165
\nAdditions
\n 548
\n 146
\n 694
\nDisposals/write-offs
\n(97)
\n(47)
\n (144)
\nForeign exchange difference on retranslation
\n (35)
\n 18
\n (17)
\nAt 31 December 2021
\n 11,008
\n 1,690
\n 12,698
\nAdditions
\n 335
\n 65
\n 400
\nDisposals/write-offs
\n(2,198)
\n(338)
\n (2,536)
\nForeign exchange difference on retranslation
\n (37)
\n 46
\n 9
\nAt 31 December 2022
\n 9,108
\n 1,463
\n 10,571
\n
\n
\n
\n
\nAccumulated amortization
\n
\n
\n
\nAt 1 January 2021
\n 8,645
\n 1,102
\n 9,747
\nCharge for the year
\n 1,008
\n 156
\n 1,164
\nDisposals/write-offs
\n(93)
\n (39)
\n(132)
\nForeign exchange difference on retranslation
\n (6)
\n 22
\n 16
\nAt 31 December 2021
\n 9,554
\n 1,241
\n 10,795
\nCharge for the year
\n 1,050
\n 153
\n 1,203
\nDisposals/write-offs
\n(2,198)
\n (336)
\n(2,534)
\nForeign exchange difference on retranslation
\n (11)
\n 41
\n 30
\nAt 31 December 2022
\n 8,395
\n 1,099
\n 9,494
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\nAt 31 December 2022
\n 713
\n 364
\n 1,077
\nAt 31 December 2021
\n 1,454
\n 449
\n 1,903
\n
\nThe cost of fully amortized intangibles of the Group that are still in use amounted to US$ 2,119 (2021: US$ 2,157).
\n
\n\n
\n\n
\n\n
\n\n
\n\n10. Investment Property
\n
\nThe Group
\n
\n
\nLand and
\nbuildings
\n
\n
\n
\n
\nUS$
\n
\nCost
\n
\n
\n
\n
\nAt 1 January 2022
\n
\n
\n-
\n
\nTransfers
\n
\n
\n 5,801
\n
\nAt 31 December 2022
\n
\n
\n 5,801
\n
\n
\n
\n
\n
\n
\nAccumulated amortization
\n
\n
\n
\n
\nAt 1 January 2022
\n
\n
\n-
\n
\nCharge for the period
\n
\n
\n 30
\n
\nTransfers
\n
\n
\n 1,367
\n
\nAt 31 December 2022
\n
\n
\n 1,397
\n
\n
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\n
\nAt 31 December 2022
\n
\n
\n 4,404
\n
\nAt 31 December 2021
\n
\n
\n -
\n
\n
\nDuring the year, the Group decided to change the use of two properties from owner-occupied to investment property.
\nThe properties are leased to third parties under operating leases with rentals payable monthly.
\n
\n\n
\n\n
\n
\n\n13. Financial assets at fair value through other comprehensive income
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFinancial assets at fair value through other
\ncomprehensive income
\n 1,515
\n -
\n 1,515
\n -
\n
\nThe details of the investments are as follows:
\n
\n
\nName
\nCountry of
\n incorporation
\nParticipation
\n%
\nCost
\nUS$
\nImpairment
\nUS$
\nAs at
\n31 December
\n2022
\nAs at
\n31 December
\n2021
\n
\n
\n
\n
\n
\nUS$
\nUS$
\nPromed
\nBioscience Ltd
\n
\nCyprus
\n
\n16%
\n
\n808
\n
\n-
\n
\n 808
\n
\n -
\nRSL
\nRevolutionary
\nLabs Ltd
\n
\n
\nCyprus
\n
\n
\n15.5%
\n
\n
\n 707
\n
\n
\n -
\n
\n
\n 707
\n
\n
\n -
\n
\n
\n
\n 1,515
\n -
\n 1,515
\n -
\nIn November 2022, the Group and the Company acquired 16% of shares of Promed Science Ltd and 15.5% shares of
\nRSL Revolutionary Labs Ltd.
\nThe Group has recognized the above as investments at FVOCI as the Group intends to hold for the long term for
\nstrategic purposes.
\n
\n\n\n14. Trade payables factoring facilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade payables factoring facilities
\n 18,024
\n 28,298
\n 15,443
\n 25,911
\n
\nThe Group and the Company participate in trade payables factoring facilities (or \u201csupply chain financing facilities\u201d -
\n\u201cSCFs\u201d) programs which enable the Group and the Company to obtain extended payment terms for pre-approved
\nsuppliers. The Group incurs additional interest towards the SCFs on the amounts due to suppliers. The Company may
\nelect to have any of its SCFs pay its suppliers either on the discount date or on due date and then obtain extended
\npayment terms from them.
\n
\n\n
\n\n
\n
\n
\n\n14. Trade payables factoring facilities (continued)
\nThe Group discloses the amounts factored by suppliers separately from trade payables because the nature and function
\nof the financial liabilities is sufficiently different from a trade payable that a separate presentation is appropriate. The
\npayments to the bank are included within operating cash flows because they continue to be part of the normal operating
\ncycle of the Group and their principal nature remains operating \u2013 i.e. payments for the purchase of goods and services.
\nAs at 31 December 2022, the Company and the Group enjoyed trade payables factoring facilities of US$ 20,500 and
\nUS$ 31,874, respectively (2021 US$ 62,000 and US$ 70,749 respectively).
\n
\n\n
\n\n15. Inventories
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrading goods (i)
\n513,418
\n324,560
\n221,481
\n102,287
\nLand development (ii)
\n 1,386
\n -
\n -
\n -
\n
\n 514,804
\n 324,560
\n 221,481
\n 102,287
\n(i) Trading goods
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nGoods held for resale
\n 449,733
\n 269,686
\n 196,607
\n 78,075
\nGoods in transit
\n71,069
\n 59,620
\n 30,150
\n 27,215
\nProvision for slow moving and obsolete stock
\n (7,384)
\n (4,746)
\n (5,276)
\n (3,003)
\n
\n 513,418
\n 324,560
\n 221,481
\n 102,287
\nThe Group
\nAs at 31 December 2022, inventories pledged as security for financing purposes amounted to US$ 82,547 (2021: US$
\n103,948).
\n
\n\n
\n\n
\n\nMovement in provision for slow moving and obsolete
\nstock
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nOn 1 January
\n 4,746
\n 5,308
\n 3,003
\n 3,589
\nProvisions during the year
\n 3,294
\n 716
\n 2,340
\n 31
\nProvided stock written off
\n (554)
\n (1,319)
\n (67)
\n (617)
\nExchange difference
\n (102)
\n 41
\n -
\n -
\nOn 31 December
\n 7,384
\n 4,746
\n 5,276
\n 3,003
\n
\n(ii) Land development
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nLand - Not under development yet
\n 1,386
\n -
\n -
\n -
\nDuring the year, the Group acquired two plots of land in Cyprus, where a complex of houses is going to be built in the
\nnear future.
\n
\n\n
\n\n
\n\n16. Trade receivables
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade receivables
\n 313,503
\n 344,645
\n46,577
\n44,023
\nPrepayments to trade vendors
\n18,759
\n10,009
\n8,115
\n4,937
\nAllowance for doubtful debts
\n (3,331)
\n (2,379)
\n (1,378)
\n (375)
\n
\n 328,931
\n 352,275
\n 53,314
\n 48,585
\n
\nThe Group
\n
\nAs at 31 December 2022, receivables of the Group that have been pledged as security for financing purposes amounted
\nto US$ 80,040 (2021: US$ 89,968).
\n
\n\n
\n\n
\n\nMovement in provision for doubtful debts:
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nOn 1 January
\n 2,379
\n 2,096
\n 375
\n 200
\nProvisions during the year
\n 1,269
\n 652
\n 1,079
\n 243
\nAmount written-off as uncollectible
\n (240)
\n (300)
\n (76)
\n (68)
\nBad debts recovered
\n (7)
\n (11)
\n -
\n -
\nExchange difference
\n (70)
\n (58)
\n -
\n -
\nOn 31 December
\n 3,331
\n 2,379
\n 1,378
\n 375
\n
\n
\n
\n
\n
\n
\nAgeing of trade receivables
\n
\nThe Group
\nYear
\nTotal
\nreceivables
\nOutstanding
\nbut not due
\nyet
\nOverdue
\nbetween
\nOverdue
\nbetween
\nOverdue
\nmore than
\n1-30 days
\n30-60 days
\n60 days
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\n
\n2022
\n313,503
\n276,219
\n22,869
\n6,597
\n7,818
\n2021
\n344,645
\n322,510
\n14,388
\n2,451
\n5,296
\n
\n\n
\n\n
\n\n16. Trade receivables (continued)
\n
\nThe Group
\n
\n
\n
\n
\n
\n
\nAgeing of impaired receivables (provision for bad debts)
\n
\n
\n
\n
\n
\n
\n
\n
\nYear
\nTotal
\nOutstanding
\nbut not due
\nyet
\nOverdue
\nbetween
\nOverdue
\nbetween
\nOverdue
\nmore
\nthan 60
\ndays
\n
\n1-30 days
\n30-60 days
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\n
\n2022
\n3,331
\n408
\n6
\n1
\n2,916
\n2021
\n2,379
\n302
\n5
\n10
\n2,062
\n
\n\n
\n\n
\n\n
\n\n17. Other current assets
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nVAT and other taxes refundable
\n 16,253
\n 6,886
\n 1,178
\n 568
\nDeposits and advances to service providers
\n 386
\n 302
\n20
\n21
\nEmployee floats
\n 167
\n 112
\n 127
\n 40
\nOther debtors and prepayments
\n 6,780
\n 4,659
\n 1,380
\n 866
\nAmount due from subsidiary companies (Note 30)
\n -
\n -
\n 154,020
\n 172,261
\nAllowance for doubtful debts from subsidiary companies
\n-
\n-
\n(2,290)
\n(1,684)
\nLoans due from subsidiary companies (Note 30)
\n -
\n -
\n 3,417
\n 2,622
\n
\n 23,586
\n 11,959
\n 157,852
\n 174,694
\n
\n\n
\n\n
\n\n
\n
\n
\n\n
\n\n
\nFollowing an extraordinary general meeting of the shareholders on 28
\nth
\n March 2022, a share buyback program with
\nthe following conditions was approved:
\n\u2022 the maximum amount of money that can be used to realize the program is US$ 1,000,000
\n\u2022 the maximum number of shares that can be bought within the program is 2,000,000 shares
\n\u2022 the program's time frame is 12 months from the resolution date
\n\u2022 the shares purchased within the program could be held for a maximum of two years from acquisition
\n\u2022 the minimum price for transaction of purchase of shares within the program is PLN 1.0 per share with the maximum
\nprice of PLN 30.0 per share
\n\nAt the end of 2022 the Company held a total of 328,800 (2021: nil) shares purchased for a total consideration of US$
\n996 (2021: US$ nil).
\n
\n\n18. Share capital
\n(for the purposes of this note the amounts are stated in full)
\n
\n
\n
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\nAuthorized
\n
\n
\n63,000,000 (2021: 63,000,000) shares of US$ 0.20 each
\n 12,600.000
\n 12,600,000
\n
\n
\n
\nIssued and fully paid
\n
\n
\n55,500,000 (2021: 55,500,000) ordinary shares of US$ 0.20 each
\n 11,100,000
\n 11,100,000
\nOn 31 December 2022 the issued and fully paid share capital of the Company consisted of 55,500,000 ordinary shares
\nof US$ 0.20 each.
\n
\n\n
\n\n\n19. Short-term borrowings
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nCurrent borrowings
\n
\n
\n
\n
\nBank overdrafts (Note 29)
\n 42,246
\n 33,698
\n5,164
\n 342
\nCurrent portion of long-term loans
\n 224
\n 241
\n -
\n -
\nBank short-term loans
\n 98,146
\n 69,885
\n -
\n -
\nCurrent lease liabilities (Note 22)
\n 2,393
\n 1,737
\n 751
\n 347
\nTotal short-term debt
\n 143,009
\n 105,561
\n 5,915
\n 689
\n
\n
\n
\n
\n
\nFactoring creditors
\n 62,287
\n 73,143
\n 10,654
\n 12,755
\n
\n 205,296
\n 178,704
\n 16,569
\n 13,444
\n
\n\n
\n\n
\n\n
\n19. Short-term borrowings (continued)
\n
\nSummary of borrowings and overdraft arrangements
\n
\nThe Group
\n
\nAs at 31 December 2022 the Group had factoring facilities of US$ 199,952 (2021: US$ 168,974).
\n
\nIn addition, the Group as at 31 December 2022 had the following financing facilities with banks in the countries that
\nthe Company and its subsidiaries operate:
\n
\n\u2022 overdraft lines of US$ 100,237 (2021: US$ 119,776)
\n\u2022 short-term loans/revolving facilities of US$ 133,686 (2021: US$ 101,450)
\n\u2022 bank guarantee and letters of credit lines of US$ 41,960 (2021: US$ 60,275)
\n
\nThe Group had for the year ended 31 December 2022 cash lines (overdrafts, loans and revolving facilities) and factoring
\nlines.
\n
\nThe Weighted Average Cost of Debt (cash lines and factoring lines) for the period is 10.5% (2021: 6.0%).
\n
\n\nThe factoring, overdraft and revolving facilities as well as the loans granted to the Company and its subsidiaries by
\ntheir bankers are secured by:
\n
\n\u2022 Floating charges over all assets of the Company
\n\u2022 Mortgage on land and buildings that the Group owns in Cyprus, Czech Republic, Belarus, Middle East, Bulgaria,
\nSlovakia and Ukraine
\n\u2022 Charge over receivables and inventories
\n\u2022 Corporate guarantees
\n\u2022 Assignment of insurance policies
\n\u2022 Pledged deposits of US$ 20,822 (2021: US$ 32,453)
\n
\n\n
\n\n
\n\n
\n\n20. Long-term borrowings
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nBank loans
\n 553
\n 123
\n -
\n -
\nNon-current lease liabilities (note 22)
\n 8,630
\n 4,982
\n 4,412
\n 725
\n
\n 9,183
\n 5,105
\n 4,412
\n 725
\n
\n\n
\n\n
\n
\n
\n\n
\n\n21. Other long-term liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nOther long-term liabilities
\n 859
\n 791
\n -
\n -
\n
\n\n
\n\n\n22. Lease liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nCurrent lease liabilities (Note 19)
\n2,393
\n1,737
\n 751
\n 347
\nNon-current lease liabilities (Note 20)
\n 8,630
\n 4,982
\n 4,412
\n 725
\n
\n 11,023
\n 6,719
\n 5,163
\n 1,072
\n
\n\n\n
\n\n23. Deferred tax
\n
\n
\n
\n
\n
\nThe Group
\nTemporary
\ndifferences
\nbetween
\naccounting and
\ntax base of PPE
\nand intangibles
\n(note i)
\nTax losses
\n(note ii)
\nOther
\ntemporary
\ndifferences
\n(note iii)
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nCredit/(debit) balance on 1 January 2021
\n 21
\n -
\n (181)
\n (160)
\nDeferred tax credit for the year
\n 4
\n -
\n -
\n 4
\nExchange difference on retranslation
\n -
\n -
\n 29
\n 29
\nCredit/(debit) balance on 31 December 2021
\n 25
\n -
\n (152)
\n (127)
\nDeferred tax (charge)/credit for the year
\n (64)
\n 1
\n 67
\n 4
\nExchange difference on retranslation
\n -
\n -
\n (42)
\n (42)
\n(Debit)/credit balance on 31 December 2022
\n (39)
\n 1
\n (127)
\n (165)
\n
\n\n
\n\n
\n\n
\n\n
\n\n23. Deferred tax (continued)
\n
\nNote (i)
\nThe Group and the Company
\nThe deferred tax liability relates to excess of capital allowances over depreciation and amortization.
\n
\nNote (ii)
\nThe Group
\nThe deferred tax asset arises from the tax losses that can be carried forward and setoff against the first available
\ntaxable profits of the Group companies subject to the carry forward of losses restrictions stipulated in the relevant laws
\nof the country of each relevant subsidiary.
\n
\n\n
\n\n
\n\n
\n
\n\n
\n\nNote (iii)
\nThe Group and the Company
\nOther temporary differences relate mainly to different accounting bases between treatment in accordance with IFRSs
\nand treatment in accordance with local tax standards and mainly consist of the tax effect of unrealized profits/losses
\non revaluation of working capital and of different treatment in valuing inventory.
\n
\nNote (iv)
\n
\nDeferred tax assets and liabilities are offset when there is a legally unforeseeable right to set-off current tax assets
\nagainst current tax liabilities and when the deferred taxes relate to the same fiscal authority.
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDeferred tax assets
\n(285)
\n(456)
\n -
\n -
\nDeferred tax liabilities
\n 120
\n 329
\n 116
\n 275
\nNet deferred tax (assets)/liabilities
\n (165)
\n (127)
\n 116
\n 275
\n
\n\n
\n\n
\n\n
\n\n24. Other current liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nSalaries payable and related costs
\n 4,305
\n 4,834
\n 515
\n 2,219
\nVAT payable
\n 8,854
\n 11,177
\n -
\n 170
\nNon-trade accounts payable
\n 6,004
\n 8,081
\n 2,178
\n 2,835
\nAccruals, deferred income and other provisions
\n 107,213
\n 77,893
\n 65,746
\n 36,306
\nProvision for marketing
\n 30,182
\n 19,857
\n26,032
\n13,304
\nProvision for warranties
\n 7,465
\n 7,448
\n5,313
\n 5,336
\nAmount payable to subsidiary companies (Note 30)
\n -
\n -
\n 4,522
\n 4,582
\n
\n 164,023
\n 129,290
\n 104,306
\n 64,752
\n
\n\n
\n\n
\n\n
\n
\n\n25. Trade payables and prepayments
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade payables
\n 400,283
\n 364,396
\n245,310
\n 212,626
\nPrepayments from customers
\n 17,693
\n 21,891
\n 8,222
\n 6,051
\n
\n 417,976
\n 386,287
\n 253,532
\n 218,677
\n
\n\n
\n\n26. Operating segments
\n
\nThe Group
\n
\n1.1 Segment information
\n
\nThe Group mainly operates in a single industry segment as a distributor of IT products. Information reported to the
\nchief operating decision maker for the purposes of allocating resources to the segments and to assess their performance
\nis based on geographical locations. The Group operates in four principal geographical areas \u2013 Former Soviet Union,
\nEastern Europe, Western Europe and Middle East & Africa.
\n
\nThere are varying levels of integration between the segments and includes distribution of IT products and services.
\nInter-segment pricing is determined on an arm\u2019s length basis.
\n
\n1.2 Segment revenues and results
\n
\n
\nSegment revenue
\nSegment operating profit
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n1,407,196
\n1,774,834
\n 54,422
\n 58,804
\nCentral Eastern Europe
\n653,643
\n654,117
\n 26,946
\n 21,577
\nMiddle East & Africa
\n407,717
\n327,799
\n 21,056
\n 15,936
\nWestern Europe
\n183,088
\n266,607
\n 8,151
\n 11,175
\nOther
\n 38,395
\n 54,619
\n 419
\n 6,257
\n
\n 2,690,039
\n 3,077,976
\n 110,994
\n 113,749
\n
\n
\n
\n
\n
\nNet financial expenses (note 6)
\n
\n
\n (20,734)
\n (19,687)
\nShare of loss from equity-accounted investees (note 12)
\n
\n
\n(162)
\n-
\nOther gains and losses (note 4)
\n
\n
\n 948
\n 180
\nProfit before taxation
\n
\n
\n 91,046
\n 94,242
\n
\n\n
\n\n
\n
\n\n26. Operating segments (continued)
\n
\n1.3 Segment capital expenditure (CAPEX) and depreciation & amortization
\n
\nThe following is an analysis of the Group\u2019s capital expenditure in both tangible and intangible assets as well as their
\ncorresponding charges in the income statement:
\n
\nSegment CAPEX
\n
\nSegment depreciation and
\namortization
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n 10,407
\n 9,315
\n1,831
\n1,517
\nCentral Eastern Europe
\n 14,510
\n 14,569
\n 1,570
\n 1,486
\nMiddle East & Africa
\n 3,677
\n 3,631
\n 197
\n 187
\nCyprus
\n27,541
\n18,668
\n2,179
\n1,872
\nOther
\n 31
\n 39
\n 10
\n 12
\n
\n 56,166
\n 46,222
\n 5,787
\n 5,074
\n
\n1.4 Segment assets and liabilities
\n
\nSegment assets
\n
\n
\n2022
\n2021
\n
\n
\n
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n
\n
\n408,154
\n500,800
\nCentral Eastern Europe
\n
\n
\n118,280
\n68,868
\nWestern Europe
\n
\n
\n210,638
\n168,729
\nMiddle East & Africa
\n
\n
\n 227,291
\n 104,370
\nTotal
\n
\n
\n 964,363
\n 842,767
\n
\n
\n
\n
\n
\nAssets allocated in capital expenditure (1.3)
\n
\n
\n56,166
\n46,222
\nOther unallocated assets
\n
\n
\n 42,997
\n 34,198
\nConsolidated assets
\n
\n
\n 1,063,526
\n 923,187
\n
\nFor the purposes of monitoring segment performance and allocating resources between segments only assets were
\nallocated to the reportable segments. As the Group liabilities are mainly used jointly by the reportable segments, these
\nwere not allocated to each segment.
\n
\n1.5 Geographical information
\n
\nSince the Group\u2019s operating segments are based on geographical location and this information has been provided
\nabove (1.2 \u2013 1.4) no further analysis is included.
\n
\n1.6. Information about major customers
\n
\nIt is of a strategic importance for the Group to place no reliance to any customer individually, since no customer is
\naccountable for material percentage of the total business.
\n
\n\n\n27. Derivative financial liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\nDerivative financial liabilities carried at fair value through profit or loss
\nForeign currency derivative contracts
\n 263
\n 299
\n 256
\n 129
\n
\n\n
\n\n
\n\n27. Derivative financial liabilities (continued)
\nFair value measurement of derivative financial liabilities
\nThe Group
\nNominal
\namount
\nNominal
\namount
\nFair value
\nFair value
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nBuying US$/Selling EUR
\n 12,303
\n 17,818
\n 200
\n 64
\nBuying US$/Selling PLN
\n2,600
\n 500
\n 18
\n 2
\nBuying US$/Selling RON
\n 1,100
\n 1,050
\n 5
\n 2
\nBuying US$/Selling RUB
\n-
\n 6,400
\n -
\n 41
\nBuying US$/Selling KZT
\n -
\n 1,025
\n -
\n 25
\nBuying US$/Selling GBP
\n 49
\n 42
\n 1
\n 1
\nBuying US$/Selling CZK
\n -
\n 300
\n-
\n 2
\nBuying US$/Selling UAH
\n -
\n 8,843
\n -
\n 94
\nBuying US$/Selling HUF
\n610
\n 456
\n 20
\n 3
\nBuying US$/Selling BGN
\n495
\n-
\n5
\n-
\nBuying EUR/Selling US$
\n40
\n 1,002
\n 2
\n 14
\nBuying EUR/Selling HUF
\n719
\n-
\n12
\n-
\nBuying BGN/Selling USD
\n -
\n 119
\n -
\n 2
\nCharges on open contracts
\n -
\n -
\n -
\n 49
\n
\n 17,916
\n 37,555
\n 263
\n 299
\n
\n\n
\n\n
\n\n(i) The Group and the Company enter into currency derivative contracts, namely forward and future currency
\nderivatives, as part of their overall hedging strategy in order to minimize the exposure to foreign currency fluctuations.
\n
\n(ii) A foreign currency forward derivative contract is a contractual agreement between two parties to exchange two
\ncurrencies at a given exchange rate at some point in the future. The fair value of the derivative can be either positive
\n(asset) or negative (liability) as a result of fluctuations in the forward exchange rates.
\n
\n(iii) A foreign currency future derivative contract is a contractual agreement between two parties to buy or sell currency
\nat a predetermined price in the future. The fair value of the derivative can be either positive (asset) or negative (liability)
\nas a result of fluctuations in the period end exchange rate.
\n
\n\n
\n\n
\n\n27. Derivative financial liabilities (continued)
\n
\n(iv) During the year the Group realized a gain from execution of foreign currency derivative contracts of US$ 1,866
\n(2021: loss of US$ 2,052) and the Company realized a gain of US$ 1,304 (2021: loss of US$ 234).
\n28. Derivative financial assets
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDerivative financial assets carried at fair value through profit or loss
\nForeign currency derivative contracts
\n 413
\n 192
\n 316
\n 164
\nThe Group
\nNominal
\namount
\nNominal
\namount
\nFair value
\nFair value
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nBuying US$/Selling EUR
\n4,346
\n 6,744
\n106
\n 46
\nBuying US$/Selling RON
\n750
\n 350
\n2
\n -
\nBuying US$/Selling BGN
\n1,159
\n -
\n9
\n -
\nBuying US$/Selling HRK
\n-
\n 1,085
\n-
\n 29
\nBuying US$/Selling PLN
\n250
\n 500
\n -
\n 3
\nBuying US$/Selling HUF
\n1,468
\n1,618
\n258
\n113
\nBuying US$/Selling BYN
\n600
\n-
\n36
\n-
\nBuying US$/Selling GBP
\n108
\n-
\n2
\n-
\nBuying EUR/Selling PLN
\n -
\n 827
\n -
\n 1
\n
\n 8,681
\n 11,124
\n 413
\n 192
\n
\n\n
\n\n
\n\nFair value measurement of derivative financial assets
\n
\n(i) The Group and the Company enter into currency derivative contracts, namely forward and future currency
\nderivatives, as part of their overall hedging strategy in order to minimize the exposure to foreign currency fluctuations.
\n
\n(ii) A foreign currency forward derivative contract is a contractual agreement between two parties to exchange two
\ncurrencies at a given exchange rate at some point in the future. The fair value of the derivative can be either positive
\n(asset) or negative (liability) as a result of fluctuations in the forward exchange rates.
\n
\n\n
\n\n
\n
\n\n28. Derivative financial assets (continued)
\n
\n(iii) A foreign currency future derivative contract is a contractual agreement between two parties to buy or sell
\ncurrency at a predetermined price in the future. The fair value of the derivative can be either positive (asset) or
\nnegative (liability) as a result of fluctuations in the period end exchange rate.
\n(iv) During the year the Group realized a gain from execution of foreign currency derivative contracts of US$ 1,866
\n(2021: loss of US$ 2,052) and the Company realized a gain of US$ 1,304 (2021: loss of US$ 234).
\n
\n\n\n
\n29. Cash and cash equivalents
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n 2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nCash at bank and in hand
\n 134,598
\n 184,618
\n 64,375
\n 98,168
\nBank overdrafts (Note 19)
\n (42,246)
\n (33,698)
\n (5,164)
\n (342)
\n
\n 92,352
\n 150,920
\n 59,211
\n 97,826
\n
\n\nThe Group
\n
\nThe cash at bank and in hand balance includes an amount of US$ 20,822 (2021: US$ 32,453) which represents pledged
\ndeposits against financial facilities granted and margin accounts for foreign exchange hedging.
\n
\n\n
\n\n
\n\n
\n\n30. Related party transactions and balances
\n
\nMain shareholders
\nThe following table presents shareholders possessing directly or indirectly more than 5% of the Company\u2019s shares and
\nshares held by the Company under the share buyback program as at 31 December:
\n
\nName
\n2022
\n2022
\n2021
\n2021
\n
\nNumber of
\nVotes/share
\nNumber of
\nVotes/share
\n
\nvotes/shares
\ncapital
\nvotes/shares
\n capital
\n
\n
\n%
\n
\n%
\nSiarhei Kostevitch and KS Holdings Ltd
\n 20,448,127
\n 36.84
\n 20,443,127
\n 36.83
\nAsbisc Enterprises Plc (share buyback program)
\n328,800
\n0.59
\n-
\n-
\nFree float
\n 34,723,073
\n 62.57
\n 35,056,873
\n 63.17
\n
\n 55,500,000
\n 100.00
\n 55,500,000
\n 100.00
\n
\nTransactions and balances between the Company and its subsidiaries have been eliminated on consolidation.
\n
\n\n
\n\n
\n
\n\n
\n\nTransactions and balances of key management
\n
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDirectors\u2019 remuneration and benefits - executive
\n 1,650
\n 1,706
\n 1,650
\n 1,706
\nDirectors\u2019 remuneration - non-executive
\n 25
\n 32
\n 25
\n 32
\nKey management remuneration
\n
\n
\n
\n
\nIn capacity as other key management personnel
\n 1,874
\n 1,725
\n 456
\n 329
\nEmployer\u2019s contributions - provident fund
\n 9
\n 7
\n 7
\n 7
\nEmployer\u2019s contributions - social insurance and
\nother benefits
\n 182
\n 175
\n 30
\n 26
\n
\n 3,740
\n 3,645
\n 2,168
\n 2,100
\n
\n\n
\n\n
\n
\n
\n
\n
\n
\n\n
\n\nShare-based payment arrangements
\n
\nAt 31 December 2022, the Group had the following share-based payment arrangement:
\n
\nFollowing an extraordinary general meeting of the shareholders on the 28
\nth
\n March 2022, a share buyback program
\nwith the following conditions was approved:
\n
\nShare option program (equity-settled)
\n
\n\u2022 the maximum amount of money that can be used to realize the program is US$ 1,000
\n\u2022 the maximum number of shares that can be bought within the program is 2,000,000 shares
\n\u2022 the program's time frame is 12 months from the resolution date
\n\u2022 the shares purchased within the program could be held for a maximum of two years from acquisition
\n\u2022 the minimum price for transaction of purchase of shares within the program is PLN 1.0 per share with the
\nmaximum price of PLN 30.0 per share
\n
\n\n
\n\n
\n\n
\n
\n\n
\n
\n
\n
\n
\n
\n
\n30. Related party transactions and balances (continued)
\n
\n
\n\nAt the end of 2022 the Company held a total of 328,800 (2021: nil) shares purchased for a total consideration of US$
\n996 (2021: US$ nil) (note 18).
\n
\n\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nSalaries and other benefits
\n 76,389
\n 69,760
\n 12,507
\n 10,020
\n
\n
\n
\n
\n
\n\nThe average number of employees for the year was
\n 2,222
\n 2,079
\n 220
\n 167
\n
\n\n
\n\n
\n\n
\n\n
\n\n31. Commitments and contingencies
\nThe Group
\n
\nAs at 31 December 2022 the Group was committed in respect of purchases of inventories of a total cost value of US$
\n32,603 (2021: US$ 9,937) which were in transit at 31 December 2022 and delivered in January 2023. Such inventories
\nand the corresponding liability towards the suppliers have not been included in these financial statements since,
\naccording to the terms of purchase, title of the goods has not passed to the Group at year end.
\n
\nAs at 31 December 2022 the Group was contingently liable to banks in respect of bank guarantees and letters of credit
\nlines of US$ 41,960 (2021: US$ 60,275) (note 19) which the Group has extended to its suppliers and other
\ncounterparties.
\n
\nAs at the 31st December 2022 the Group had no other capital or legal commitments and contingencies.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n\n32. Earnings per share
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nProfit for the year attributable to members
\n 75,870
\n 77,067
\n
\n
\n
\nWeighted average number of shares for the purposes of basic and diluted earnings
\nper share
\n 55,500,000
\n 55,500,000
\n
\n
\n
\n
\nUS$ cents
\nUS$ cents
\n
\n
\n
\nBasic and diluted earnings per share
\n 137.10
\n 138.86
\n
\n\n
\n
\n
\n\n33. Business combinations
\n
\nThe Group
\n
\n1. Incorporations and acquisitions
\n
\n1.1 Incorporations of subsidiaries to 31 December 2022
\n
\nDuring the period the Group has incorporated 100% of the share capital of the following subsidiaries:
\n
\n
\nName of entity
\nType of operations
\nDate acquired/
\nincorporated
\n%
\nacquired/
\nincorporated
\n%
\nowned
\nACEAN.PL Sp. z.o.o (Poland)
\nInformation Technology
\n12 April 2022
\n100%
\n100%
\nEntoliva Ltd (Cyprus)
\nLand Development
\n8 August 2022
\n100%
\n100%
\nBreezy Poland (Poland)
\nInformation Technology
\n18 November 2022
\n100%
\n100%
\nASBC SRL (Moldova)
\nInformation Technology
\n8 November 2022
\n100%
\n100%
\nASBIS Hellas Single Member S.A. (Greece)
\nInformation Technology
\n18 November 2022
\n100%
\n100%
\nPrestigio Plaza Kft. (Hungary)
\nInformation Technology
\n24 November 2022
\n100%
\n100%
\nBreezy-M SRL (Moldova)
\nInformation Technology
\n8 December 2022
\n100%
\n100%
\n
\nIncorporations and acquisitions of subsidiaries to 31 December 2021
\n
\nDuring the year, the Group has incorporated the 100% share capital of ASBIS CA LLC, Vizuators LLC, Breezy Service
\nLLC, I.O. Clinic Latvia SIA, Joule Production SIA, ASBC LLC (Armenia), Breezy Georgia LLC and ASBC Entity LLC.
\n
\nName of entity
\nType of operations
\nDate incorporated
\n%
\nincorporated
\n%
\nowned
\nBreezy Trade-In Ltd (Cyprus)
\nInformation Technology
\n30 March 2021
\n30%
\n80%
\nASBIS CA LLC (Uzbekistan)
\nInformation Technology
\n5 February 2021
\n100%
\n100%
\nVizuators LLC (Belarus)
\nInformation Technology
\n1 February 2021
\n100%
\n100%
\nBreezy Service LLC (Ukraine)
\nInformation Technology
\n15 March 2021
\n100%
\n100%
\nI.O. Clinic Latvia SIA (Latvia)
\nInformation Technology
\n3 February 2021
\n100%
\n100%
\nJoule Production SIA (Latvia)
\nInformation Technology
\n8 January 2021
\n100%
\n100%
\nASBC LLC (Armenia)
\nInformation Technology
\n23 August 2021
\n100%
\n100%
\nBreezy Georgia LLC (Georgia)
\nInformation Technology
\n7 September 2021
\n100%
\n100%
\nASBC Entity OOO (Uzbekistan)
\nInformation Technology
\n15 December 2021
\n100%
\n100%
\n
\nDuring the year, the Group has acquired the 30% of the share capital of Breezy Trade-In Ltd.
\n
\nName of entity
\nType of operations
\nDate acquired
\n%
\nacquired
\n%
\nowned
\nBreezy Trade-In Ltd (Cyprus)
\nInformation Technology
\n30 March 2021
\n30%
\n80%
\n
\n\n
\n\n
\n\n
\n
\n33. Business combinations (continued)
\n
\n1.a. Acquired assets and liabilities
\n
\nThe net carrying value of underlying separately identifiable assets and liabilities transferred to the Group at the date
\nof acquisition was as follows:
\n
\n
\nAs at
\n31 December
\n2022
\nAs at
\n31 December
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nReceivables
\n-
\n11
\nOther payables and accruals
\n-
\n(1)
\nCash and cash equivalents
\n -
\n 53
\nNet identifiable assets
\n -
\n 63
\nGroup\u2019s interest in net assets acquired
\n -
\n 31
\nTotal purchase consideration
\n -
\n (31)
\nNet loss
\n -
\n -
\n
\n
\n
\n
\n\n1.2. Goodwill arising on acquisitions
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nAt 1 January
\n595
\n629
\nDisposals
\n(201)
\n-
\nForeign exchange difference on retranslation
\n (22)
\n (34)
\nAt 31 December
\n 372
\n 595
\n
\n
\nThe capitalized goodwill arose from the business combinations of the following subsidiaries:
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nOOO Must
\n -
\n 201
\nASBIS d.o.o. (BA)
\n 372
\n 394
\n
\n 372
\n 595
\n
\n\n
\n\n1.3. Impairment testing
\n
\nFor ASBIS d.o.o. (BA), a detailed impairment analysis was performed and based on the results it has been concluded
\nthat no impairment is required.
\n
\n\n
\n\n
\n\n
\n
\n\n33. Business combinations (continued)
\n
\n
\n
\n2. Liquidations and disposals
\n
\nLiquidations and disposals of subsidiaries to 31 December 2022
\n
\nDuring the year, the following subsidiaries have been liquidated and disposed of and gain of US$ 1 arose on the event.
\n
\nName of disposed entity
\nType of operations
\nDate liquidated
\n% liquidated
\nPrivate Educational Institution \u201cCenter of
\nexcellence in Education for executives
\nand specialists in Information
\nTechnology (Belarus)
\nInformation Technology
\n19 May 2022
\n100%
\n
\n
\n
\n
\n
\n
\n
\n
\nName of disposed entity
\nType of operations
\nDate disposed
\n% sold
\nLLC Must (Russia)
\nInformation Technology
\n29 July 2022
\n100%
\nLiquidations of subsidiaries to 31 December 2021
\n
\nDuring the year, the following subsidiaries have been disposed of and a total loss of US$ 124 arose on the events.
\n
\nName of disposed entity
\nType of operations
\nDate liquidated
\n% liquidated
\nLLC Vizuatika (Belarus)
\nInformation Technology
\n24 May 2021
\n75%
\nLLC Vizuator (Belarus)
\nInformation Technology
\n24 May 2021
\n75%
\nVizuators LLC (Belarus)
\nInformation Technology
\n24 May 2021
\n100%
\nPrestigio Plaza Sp. Z o.o (Poland)
\nInformation Technology
\n25 October 2021
\n100%
\nAdvanced Systems Company LLC
\n(Kingdom of Saudi Arabia)
\nInformation Technology
\n30 October 2021
\n100%
\nAsbis TR Bilgisayar Limited Sirketi
\n(Turkey)
\nInformation Technology
\n30 November 2021
\n100%
\nOOO Avectis (Moscow)
\nInformation Technology
\n30 November 2021
\n100%
\nALC Avectis (Belarus)
\nInformation Technology
\n30 November 2021
\n100%
\n
\n\n\n
\n34. Financial risk management
\n
\n1. Financial risk factors
\n
\nIn this note, references to the Group also relate to the Company.
\n
\nThe Group\u2019s activities expose it to credit risk, interest rate risk, liquidity risk and currency risk arising from the financial
\ninstruments it holds. The risk management policies employed by the Group to manage these risks are discussed below:
\n
\n\n1.1. Credit risk
\n
\nCredit risk is defined as the risk of failure of debtors to discharge their obligations towards the Group. The Group sets
\nup and maintains specific controls to mitigate its credit risk, as it realizes its importance for the Group\u2019s viability.
\n
\nThe Group had established and systematically follows a thorough procedure prior to registering new customers into its
\nsystem. Every new customer is checked both internally and via various reputable credit sources prior to such
\nregistration and, more importantly, prior to granting of any credit. The Group runs an internal credit department
\nconsisting of local, regional and corporate credit managers. Corporate managers decide for all significant credit line
\nrequests and review the work of regional and local managers. The Group uses all available credit tools \u2013 i.e. credit
\ninsurance, credit information bureaus, letter of guarantee \u2013 to safeguard itself from the credit risk. The Group have
\ninsured the majority of receivables during 2022.
\n
\n\n
\n\n
\n\n
\n\n
\n34. Financial risk management (continued)
\n
\n\nIt is of a strategic importance for the Group to place no reliance to any customer individually, since no customer is
\naccountable for material percentage of the total business.
\n
\nOngoing credit evaluation is performed on the financial condition of accounts receivable and, where appropriate, credit
\ninsurance is purchased. The credit risk on liquid funds and derivative financial instruments is determined by the credit
\nratings assigned to the financial institutions with which these funds are held.
\n
\nThe ageing profile of trade receivables is disclosed in note 16.
\n
\nThe tables below show an analysis of the Group's and Company\u2019s bank deposits at year end by credit rating of the
\nbank in which they are held:
\n
\nThe Group
\n
\n2022
\n2021
\nBased on credit ratings by Moody's; the cash at banks the Group held as at year end
\nare:
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nAa3
\n2,365
\n2,475
\nA1
\n5,503
\n28,223
\nA2
\n22,517
\n34,907
\nA3
\n22,969
\n30,552
\nBaa1
\n431
\n841
\nBaa3
\n13,928
\n999
\nBa1
\n234
\n1,079
\nBa2
\n791
\n318
\nBa3
\n481
\n222
\nB1
\n14,402
\n16,819
\nB2
\n105
\n165
\nB3
\n3
\n-
\nWithout credit rating
\n 50,869
\n 68,018
\n
\n 134,598
\n 184,618
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\nTrade receivables and contract assets
\nExpected credit loss assessment based on collective model net of specific provision as at 31 December 2022 are:
\n
\n
\n
\nThe Group
\n
\n
\n2022
\n2022
\n2022
\n2021
\n2021
\n2021
\n
\nDefault
\nrate
\nGross
\ncarrying
\namount
\nLoss
\nallowance
\nDefault
\nrate
\nGross carrying
\namount
\nLoss
\nallowance
\n
\n%
\nUS$
\nUS$
\n%
\nUS$
\nUS$
\n
\n
\n
\n
\n
\n
\n
\nOutstanding but not due yet
\n0.02
\n276,219
\n64
\n0.01
\n322,510
\n 48
\nOverdue between 1-30 days
\n0.06
\n 22,869
\n13
\n0.04
\n 14,388
\n 5
\nOverdue between 30-60 days
\n1.54
\n 6,597
\n101
\n0.42
\n 2,451
\n 10
\nOverdue more than 60 days
\n7.18
\n 7,818
\n 561
\n2.12
\n 5,296
\n 112
\n
\n
\n 313,503
\n 739
\n
\n 344,645
\n 175
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n
\n34. Financial risk management (continued)
\n
\n\n1.2. Interest rate risk
\n
\nInterest rate risk is the risk that the value of financial instruments will fluctuate due to changes in market interest
\nrates. The Group\u2019s income and operating cash flows are dependent on changes in market interest rates. The Group
\ndeposits excess cash and borrows at variable rates. The Group\u2019s management monitor the interest rate fluctuations on
\na continuous basis and act accordingly.
\n
\n
\nAt the reporting date the profile of interest-bearing financial instruments was:
\n
\nSensitivity analysis
\nAn increase of 100 basis points in interest rates at 31 December 2022 would have decreased by the amounts shown
\nbelow. This analysis assumes that all other variables, in particular foreign currency rates, remain constant, as well as
\nit assumes that financial facilities outstanding at the end of the reporting period were also outstanding for the whole
\nyear. For a decrease of 100 basis points there would be an equal and opposite impact on the profit and loss. The
\nfigures below are before tax.
\n
\n
\n
\nProfit & loss
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nVariable rate instruments
\n
\n
\n
\n
\nOverdrafts
\n 422
\n 337
\n 51
\n 3
\nShort-term loans
\n984
\n700
\n -
\n -
\nLong-term loans
\n 6
\n 1
\n -
\n -
\nFactoring advances
\n 623
\n 731
\n 107
\n 128
\n
\n 2,035
\n 1,769
\n 158
\n 131
\n
\n\n
\n\n1.3. Liquidity risk
\n
\nLiquidity risk is the risk that arises when the maturity of assets and liabilities does not match. An unmatched position
\npotentially enhances profitability but can also increase the risk of losses. The Group has procedures with the object of
\nminimizing such losses such as maintaining sufficient cash and other highly liquid current assets and by having available
\nan adequate amount of committed credit facilities.
\n
\nThe following tables detail the remaining contractual maturity for financial liabilities. The tables have been drawn up
\nbased on the earliest date on which the Group/Company can be required to pay and include only principal cash flows.
\n
\n\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nVariable rate instruments
\n
\n
\n
\n
\nOverdrafts
\n 42,246
\n 33,698
\n 5,164
\n 342
\nShort-term loans
\n98,370
\n 70,126
\n -
\n -
\nLong-term loans
\n 553
\n 123
\n -
\n -
\nFactoring advances
\n 62,287
\n 73,143
\n 10,654
\n 12,755
\n
\n 203,456
\n 177,090
\n 15,818
\n 13,097
\n
\n\n
\n\n
\n\n
\n\n34. Financial risk management (continued)
\n
\nThe Group
\n31 December 2022
\nCarrying
\namounts
\nContractual
\ncash flows
\n3 months or
\nless
\n3-12 months
\n1-2 years
\n2-5 years
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nBank loans
\n98,924
\n 98,924
\n 86,410
\n 11,961
\n 107
\n446
\nBank overdrafts (Note 19)
\n 42,246
\n 42,246
\n 6,451
\n 35,795
\n -
\n -
\nFactoring creditors (Note
\n19)
\n62,287
\n 62,287
\n 60,118
\n 2,169
\n -
\n -
\nLease liabilities (Note 22)
\n 11,023
\n 11,023
\n 573
\n 1,820
\n 2,071
\n 6,559
\nTrade and other payables
\n 585,601
\n 585,601
\n 575,923
\n 9,678
\n -
\n -
\nTrade payables factoring
\nfacilities (Note 14)
\n
\n18,024
\n
\n18,024
\n
\n18,024
\n
\n -
\n
\n-
\n
\n-
\nOther short and long-term
\nliabilities
\n
\n 1,122
\n
\n 1,122
\n
\n 264
\n
\n -
\n
\n 150
\n
\n 708
\n
\n 819,227
\n 819,227
\n 747,763
\n 61,423
\n 2,328
\n 7,713
\n
\n31 December 2021
\nCarrying
\namounts
\nContractual
\ncash flows
\n3 months or
\nless
\n3-12 months
\n1-2 years
\n2-5 years
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nBank loans
\n 70,248
\n 70,248
\n 59,631
\n 10,495
\n 122
\n
\nBank overdrafts (Note 19)
\n 33,698
\n 33,698
\n 26,143
\n 7,555
\n -
\n -
\nFactoring creditors (Note
\n19)
\n 73,143
\n 73,143
\n 73,143
\n -
\n -
\n -
\nLease liabilities (Note 22)
\n 6,719
\n 6,719
\n 512
\n 1,225
\n 1,653
\n 3,329
\nTrade and other payables
\n 520,197
\n 520,197
\n 502,332
\n 17,865
\n -
\n -
\nTrade payables factoring
\nfacilities (Note 14)
\n
\n28,298
\n
\n28,298
\n
\n28,298
\n
\n -
\n
\n-
\n
\n-
\nOther short and long-term
\nliabilities
\n
\n 1,091
\n
\n 1,091
\n
\n 299
\n -
\n 150
\n
\n 642
\n
\n 733,394
\n 733,394
\n 690,358
\n 37,140
\n 1,925
\n 3,971
\n
\n\n
\n\n
\n\n
\n\n
\n34. Financial risk management (continued)
\n
\n\n1.4. Currency risk
\n
\nCurrency risk is the risk that the value of financial instruments will fluctuate due to changes in foreign exchange rates.
\nCurrency risk arises when future commercial transactions and recognized assets and liabilities are denominated in a
\ncurrency that is not the Group\u2019s/Company\u2019s measurement currency.
\n
\nThe Group uses short-term derivative financial instruments to minimize the risk on balances and material transactions
\ndenominated in currencies other than US Dollars, the Group\u2019s reporting currency. As a significant portion of the Group\u2019s
\ncash flow is denominated in Russian Ruble, Euro and other local currencies (i.e. the Czech Crown, the Polish Zloty, the
\nHungarian Forint, etc.), the Group raises debt in such currencies in order to hedge against foreign exchange risk.
\n
\nThe carrying amounts of the monetary assets and monetary liabilities at the reporting date are denominated in the
\nfollowing currencies:
\n
\nThe Group
\n
\n
\n
\n31 December 2022
\nCash at bank
\nand in hand
\n
\nReceivables
\n
\n
\nTrade and
\nother
\nliabilities
\nBorrowings
\n
\n
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS Dollar
\n 66,049
\n 28,873
\n (321,943)
\n (10,304)
\nEuro
\n 8,442
\n 79,840
\n (85,874)
\n (47,167)
\nRussian Ruble
\n 6,626
\n 29,532
\n (17,320)
\n (10,793)
\nPolish Zloty
\n 728
\n 6,932
\n (3,242)
\n (2,383)
\nCzech Koruna
\n 2,522
\n8,680
\n (3,342)
\n (6,400)
\nBelarusian Ruble
\n 790
\n 5,095
\n (2,784)
\n (14,505)
\nCroatian Kuna
\n 3,120
\n 3,230
\n (999)
\n (2,485)
\nRomanian New Lei
\n 483
\n 6,173
\n (1,278)
\n (2,589)
\nBulgarian Lev
\n 218
\n 4,095
\n (1,358)
\n (3,841)
\nHungarian Forint
\n 228
\n1,421
\n (542)
\n (61)
\nKazakhstan Tenge
\n 2,993
\n86,006
\n (33,197)
\n (70,297)
\nUkrainian Hryvnia
\n 34,761
\n 43,181
\n (81,681)
\n (25,161)
\nBosnian Mark
\n 728
\n 4,338
\n (664)
\n (3,441)
\nUnited Arab Emirates Dirham
\n 4,626
\n19,313
\n (25,487)
\n (13,199)
\nOther
\n 2,284
\n 4,508
\n (6,274)
\n (1,853)
\n
\n 134,598
\n 331,217
\n (585,985)
\n (214,479)
\nThe Group
\n
\n
\n
\n31 December 2021
\nCash at bank
\nand in hand
\n
\nReceivables
\n
\n
\nTrade and
\nother
\nliabilities
\nBorrowings
\n
\n
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS Dollar
\n 109,688
\n 63,005
\n (251,794)
\n (12,077)
\nEuro
\n 9,473
\n 58,998
\n (90,781)
\n (31,182)
\nRussian Ruble
\n 1,000
\n 28,792
\n (31,131)
\n (10,267)
\nPolish Zloty
\n 497
\n 3,672
\n (2,529)
\n (1,251)
\nCzech Koruna
\n 2,653
\n9,535
\n (3,613)
\n (8,167)
\nBelarusian Ruble
\n 6,114
\n 8,459
\n (10,383)
\n (15,765)
\nCroatian Kuna
\n 3,524
\n 2,183
\n (1,004)
\n (2,528)
\nRomanian New Lei
\n 1,433
\n 6,524
\n (1,349)
\n (3,226)
\nBulgarian Lev
\n 451
\n 3,838
\n (1,310)
\n (1,904)
\nHungarian Forint
\n 123
\n 1,292
\n (526)
\n (67)
\nKazakhstan Tenge
\n 1,666
\n 61,623
\n (17,544)
\n (49,468)
\nUkrainian Hryvnia
\n 37,714
\n 83,596
\n (88,355)
\n (36,561)
\nBosnian Mark
\n 477
\n 3,548
\n (629)
\n (2,303)
\nUnited Arab Emirates Dirham
\n 8,667
\n15,819
\n (17,824)
\n (6,471)
\nOther
\n 1,138
\n 3,195
\n (2,053)
\n (2,572)
\n
\n 184,618
\n 354,079
\n (520,825)
\n (183,809)
\n
\n\n
\n\n
\n\n
\n\n
\n
\n\n
\n\n
\n\n2. Fair values
\n
\nThe Group and the Company
\n
\nFinancial instruments comprise financial assets and financial liabilities. Financial assets mainly consist of bank balances,
\nreceivables and investments. Financial liabilities mainly consist of trade payables, factoring balances, bank overdrafts
\nand loans. The Directors consider that the carrying amount of the Company\u2019s/Group\u2019s financial instruments
\napproximate their fair value at the reporting date. Financial assets and financial liabilities carried at fair value through
\nprofit or loss represent foreign currency derivative contracts categorized as a Level 2 (quoted prices (unadjusted) in
\nactive markets for identical assets or liabilities) fair value hierarchy.
\n
\n\n
\n\n
\n\n
\n\n3. Capital risk management
\n
\nThe Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while
\nmaximizing the return to stakeholders through optimization of debt and equity. The Group\u2019s overall strategy remains
\nunchanged from 2021.
\n
\nThe capital structure of the Group consists of debt, which includes borrowings, cash and cash equivalents and equity
\nattributable to equity holders of the parent, comprising issued capital, reserves and retained earnings.
\n
\nGearing ratio
\n
\nThe Group\u2019s risk management committee reviews the capital structure on a semi-annual basis. As part of this review,
\nthe committee considers the cost of capital and the risk associated with it.
\n
\n\n
\n\n
\n\n
\n\n
\n\n34. Financial risk management (continued)
\n
\nThe Group
\nThe net gearing ratio at the year-end was as follows:
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nDebt (i)
\n 203,456
\n 177,089
\nCash at bank and in hand
\n (134,598)
\n (184,618)
\nNet debt
\n 68,858
\n (7,529)
\n
\n
\n
\nEquity (ii)
\n 244,180
\n 189,464
\n
\n
\n
\nNet debt to equity ratio
\n 28.20%
\n -
\n
\n
\n
\n (i) Debt includes short-term (factoring advances, overdrafts and short-term loans) and long-term
\n borrowings.
\n (ii) Equity includes all capital and reserves.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\n4. Fair value estimation
\n
\nThe table below analyses financial instruments carried at fair value by valuation method. The different levels have been
\ndefined as follows:
\n
\n\u2022 Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).
\n\u2022 Inputs other than quoted prices included within level 1 that are observable for the asset or liability,
\neither directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).
\n\u2022 Inputs for the asset or liability that are not based on observable market data (that is, unobservable
\ninputs) (level 3).
\n
\nThe following table presents the fair value hierarchy of the Group\u2019s and the Company's assets as at 31 December:
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nLevel 2
\nLevel 2
\nLevel 2
\nLevel 2
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nAssets
\n
\n
\n
\n
\nDerivative financial assets
\n 413
\n 192
\n 316
\n 164
\nLiabilities
\n
\n
\n
\n
\nDerivative financial liabilities
\n 263
\n 299
\n 256
\n 129
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n
\n\n
\n\n
\n\n
\n\n34. Financial risk management (continued)
\n
\nThe fair value of financial instruments that are not traded in an active market (for example, unlisted equity securities)
\nis determined by using valuation techniques. These valuation techniques maximize the use of observable market data
\nwhere it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair
\nvalue an instrument are observable, the instrument is included in level 2.
\n
\n\n
\n\n
\n\n
\n\n35. Other risks
\n
\nOperational risk
\n
\nOperational risk is the risk that derives from the deficiencies relating to the Group\u2019s/Company\u2019s information technology
\nand control systems as well as the risk of human error and natural disasters. The Group\u2019s/Company\u2019s systems are
\nevaluated, maintained and upgraded continuously.
\n
\nCompliance risk
\n
\nCompliance risk is the risk of financial loss, including fines and other penalties, which arises from non-compliance with
\nlaws and regulations of the state. The risk is limited to a significant extent due to the supervision applied by the
\nCompliance Officer, as well as by the monitoring controls applied by the Group/Company.
\n
\nLitigation risk
\n
\nLitigation risk is the risk of financial loss, interruption of the Group\u2019s operations or any other undesirable situation that
\narises from the possibility of non-execution or violation of legal contracts and consequentially of lawsuits. The risk is
\nrestricted through the contracts used by the Group/Company to execute its operations.
\n
\nReputation risk
\n
\nThe risk of loss of reputation arising from the negative publicity relating to the Group\u2019s/Company\u2019s operations (whether
\ntrue or false) may result in a reduction of its clientele, reduction in revenue and legal cases against the Group. The
\nGroup/Company applies procedures to minimize this risk.
\n
\nOther risks
\n
\nThe general economic environment may affect the Group\u2019s/Company\u2019s operations to a great extent. Concepts such as
\ninflation, unemployment, and development of the gross domestic product are directly linked to the economic course
\nof every country and any variation in these and the economic environment in general may create chain reactions in all
\nareas hence affecting the Group/Company.
\n
\n\n36. Dividends
\n
\nOur dividend policy is to pay dividends at levels consistent with our growth and development plans, while maintaining
\na reasonable level of liquidity. During the year, the following dividends were declared and paid by the Company:
\n
\n
\n\u2022 A final dividend of US$ 0.10 per share for the year 2021, amounting to US$ 5,550
\n\u2022 An interim dividend of US$ 0.20 per share for the year 2022, amounting to US$ 11,100
\n
\nDuring 2021, the following dividends were declared and paid by the Company:
\n
\n\u2022 A final dividend of US$ 0.20 per share for the year 2020, amounting to US$ 11,100
\n\u2022 An interim dividend of US$ 0.20 per share for the year 2021, amounting to US$ 11,100
\n
\nThe Board of Directors also proposes the payment of a final dividend of US$ 0.25 per share for the year 2022,
\namounting to US$ 13,875 based on improved 2022 profitability.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag152": {
"value": "\n
\n1. Incorporation and principal activities
\n
\nAsbisc Enterprises Plc (the \u201cCompany or \u201cthe parent Company\u201d) was incorporated in Cyprus on 9 November 1995 with
\nlimited liability. The Group\u2019s and the Company\u2019s principal activity is the trading and distribution of computer hardware
\nand software in a number of geographical regions as disclosed in note 26. The main shareholder of the Company is
\nK.S. Holdings Limited, a Company incorporated in Cyprus. The details of the Company\u2019s registered office are disclosed
\non page 1.
\n
\nThe Company is listed on the Warsaw Stock Exchange since 30 October 2007.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag153": {
"value": "Asbisc Enterprises Plc",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag154": {
"value": "Cyprus",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag155": {
"value": "the trading and distribution of computer hardwareand software in a number of geographical regions",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag156": {
"value": "Cyprus",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag157": {
"value": "\n
\n
\n
\n
\n
\n
\n
\n2. Significant accounting policies
\n
\n\nChanges in significant accounting policies
\n
\nThe accounting policies adopted for the preparation of these consolidated and separate financial statements for the
\ntwelve months ended 31 December 2022 are consistent with those followed for the preparation of the annual financial
\nstatements for the year 2021.
\n
\n\n
\n\nStatement of compliance
\n
\nThe financial statements have been prepared in accordance with International Financial Reporting Standards as
\nadopted by the European Union (\u201cIFRS-EU\u201d) and the requirements of the Cyprus Companies Law, Cap.113.
\n
\n\n
\n\nThe financial statements were approved by the Board of Directors and authorized for issue on the 29
\nth
\n of March 2023.
\n
\n\n
\n
\n
\n
\n
\n\n
\n
\nBasis of preparation
\n
\n\nThe financial statements which are expressed in United States Dollars, the Group\u2019s presentation and the Company\u2019s
\npresentation and functional currency, have been prepared under the historical cost convention except for certain
\nfinancial instruments that are measured at fair value, as explained in the accounting policies below.
\n
\nThe financial statements are presented in US dollars (US$), and all values are presented in US$ thousand unless
\notherwise stated.
\n
\n\n
\n\nUse of estimates and judgements
\n
\n
\nThe preparation of financial statements in conformity with IFRS-EU requires the use of certain critical accounting
\nestimates and requires management to exercise its judgment in the process of applying the Group\u2019s and the Company's
\naccounting policies. It also requires the use of assumptions that affect the reported amounts of assets and liabilities
\nand disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of
\nrevenues and expenses during the reporting period. Although these estimates are based on management's best
\nknowledge of current events and actions, actual results may ultimately differ from those estimates. Estimates and
\nunderlying assumptions are reviewed on an ongoing basis; revisions to estimates are recognized prospectively.
\n
\nInformation about judgments made in applying accounting policies and the estimates and assumptions, that have a
\nsignificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
\nyear, are discussed in note 2 on pages 37, 38 and 39.
\n
\n\n
\n\n
\n\n
\n\nAdoption of new and revised IFRSs and interpretations by the European Union (EU)
\n
\nAs from 1 January 2022, the Group and the Company adopted all changes to International Financial Reporting
\nStandards (IFRSs) as adopted by the EU, which are relevant to its operations. This adoption did not have a material
\neffect on the financial statements of the Group and the Company.
\n
\nThe following Standards, Amendments to Standards and Interpretations have been issued by the International
\nAccounting Standards Board (IASB) but are not yet effective for annual periods beginning on 1 January 2022. Those
\nwhich may be relevant to the Group and the Company are set out below. The Group and the Company does not plan
\nto adopt these Standards early.
\n
\n\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n
\n\n\nStandards and Interpretations not adopted by the EU
\n\u2022
\n
\nIFRS 10 (Amendments) and IAS 28 (Amendments) ''Sale or Contribution of Assets between an Investor and
\nits Associate or Joint Venture'' (effective date postponed indefinitely).
\n
\nThe Board of Directors expects that the adoption of these standards in future periods will not have a material effect
\non the financial statements of the Group and the Company.
\n
\n\n
\n\n
\nBasis of consolidation
\n
\nThe consolidated financial statements incorporate the financial statements of the Company and entities controlled by
\nthe Company (its subsidiaries). The Group \u201ccontrols\u201d an entity when it is exposed to, or has rights to, variable returns
\nfrom its involvement with the entity and has the ability to affect those returns through its power over the entity. The
\nfinancial statements of subsidiaries are included in the consolidated financial statements from the date on which control
\ncommences until the date on which control ceases.
\n
\nIncome and expenses of subsidiaries acquired or disposed of during the year are included in the consolidated statement
\nof comprehensive income from the effective date of acquisition and up to the effective date of disposal as appropriate.
\n
\nTotal comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling
\ninterest even if this results in the non-controlling interest having a deficit balance.
\n
\nWhere necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies
\nin line with those used by the Group.
\n
\nAll intra-group transactions, balances, income and expenses are eliminated in full on consolidation. Unrealized gains
\narising from transactions from equity-accounted investees are eliminated against the investment to the extent of the
\nGroup\u2019s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the
\nextent that there is no evidence of impairment.
\n
\n\n
\n\nBusiness combinations
\n
\nAcquisitions of subsidiaries and businesses are accounted for using the acquisition method. The consideration of each
\nacquisition is measured as the aggregate of the fair values (at the date of exchange) of assets given, liabilities incurred
\nor assumed, and equity instruments issued by the Group in exchange for control of the acquiree. Acquisition related
\ncosts are recognized in profit or loss as incurred.
\n
\nWhere applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent
\nconsideration arrangement, measured at its acquisition date fair value. Subsequent changes in such fair values are
\nadjusted against the cost of acquisition where they qualify as measurement period adjustments. All other subsequent
\nchanges in the fair value of contingent consideration classified as an asset or liability are accounted for in accordance
\nwith relevant IFRSs. Changes in the fair value of contingent consideration classified as equity are not recognized.
\n
\nThe acquiree\u2019s identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition under
\nIFRS 3 are recognized at their fair value at the acquisition date, except that:
\n
\n
\n\u2022 deferred tax assets or liabilities and liabilities or assets related to employee benefit arrangements are
\nrecognized and measured in accordance with IAS 12 Income Taxes and IAS 19 Employee Benefits respectively;
\n
\n\u2022 liabilities or equity instruments related to the replacement by the Group of an acquiree\u2019s share based payment
\nawards are measured in accordance with IFRS 2 Share based payment; and
\n
\n\u2022 assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Noncurrent Assets
\nHeld for Sale and Discontinued Operations are measured in accordance with that Standard.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n
\n\n
\n\n
\n
\n\n
\n\nNon-controlling interests in subsidiaries are identified separately from the Group\u2019s equity therein. The interests of non-
\ncontrolling shareholders may be initially measured either at fair value or at the non-controlling interests\u2019 proportionate
\nshare of the fair value of the acquiree\u2019s identifiable net assets. The choice of measurement basis is made on an
\nacquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the
\namount of those interests at initial recognition plus the non-controlling interests\u2019 share of subsequent changes in equity.
\nTotal comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests
\nhaving a deficit balance.
\n
\n\n
\nChanges in the Group\u2019s ownership interests in existing subsidiaries
\n
\nChanges in the Group's ownership interests in subsidiaries that do not result in the Group losing control over the
\nsubsidiaries are accounted for as equity transactions. The carrying amounts of the Group's interests and the
\nnon-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference
\nbetween the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid
\nor received is recognized directly in equity and attributed to the owners of the Company.
\n
\nWhen the Group loses control of a subsidiary, it derecognizes the assets and liabilities of the subsidiary and any related
\nNCI and other components of equity. The profit or loss on disposal is calculated as the difference between:
\n
\n(i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the
\nprevious carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling
\ninterests. Amounts previously recognized in other comprehensive income in relation to the subsidiary are accounted
\nfor in the same manner as would be required if the relevant assets or liabilities were disposed of (i.e. reclassified to
\nprofit or loss or transferred directly to retained earnings). The fair value of any investment retained in the former
\nsubsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting
\nunder IFRS 9 Financial Instruments or, when applicable, the cost on initial recognition of an investment in an associate
\nor jointly controlled entity.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\nInvestments in subsidiary and associates
\n
\nIn the individual accounts of the Company, investments in subsidiary, associate and jointly controlled companies are
\npresented at cost less provision for impairment. The Group\u2019s interests in equity-accounted investees comprise interests
\nin associates. Associates are those entities in which the Group has significant influence, but not control or joint control,
\nover the financial and operating policies. Significant influence is presumed to exist when the Group holds between 20%
\nand 50% of the voting power of another entity. Interest in associates is accounted for using the equity method and is
\nrecognized initially at cost. The cost of the investment includes transaction costs.
\n
\nThe consolidated financial statements include the Group\u2019s share of the profit or loss and other comprehensive income
\nof equity accounted investees from the date that significant influence commences until the date that significant
\ninfluence ceases. When the Group\u2019s share of losses exceeds its interest in an equity-accounted investee, the carrying
\namount of that interest including any long-term investments, is reduced to zero, and the recognition of further losses
\nis discontinued, except to the extent that the Group has an obligation or has made payments on behalf of the investee.
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\nFinancial assets at fair value through other comprehensive income (FVOCI)
\n
\nThe Group accounts for financial assets at FVOCI if the assets meet the following conditions:
\n
\n- They are held under a business model whose objective it is \u201chold to collect\u201d the associated cash flows and
\nsell, and
\n- The contractual terms of the financial assets give rise to cash flows that are solely payments of principal and
\ninterest on the principal amount outstanding.
\n
\nAny gains or losses recognized in other comprehensive income will be transfer to profit and loss upon derecognition of
\nthe asset.
\n
\n\n
\n\n
\n\n
\n
\n
\n2. Significant accounting policies (continued)
\n\n
\n\nGoodwill
\n
\nGoodwill arising in a business combination is recognized as an asset at the date that control is acquired (the acquisition
\ndate). Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any
\nnon-controlling interests in the acquiree, and the fair value of the acquirer\u2019s previously held equity interest in the
\nacquiree (if any) over the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities
\nassumed.
\n
\nIf, after reassessment, the Group\u2019s interest in the fair value of the acquiree\u2019s identifiable net assets exceeds the sum
\nof the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the
\nacquirer\u2019s previously held equity interest in the acquiree (if any), the excess is recognized immediately in profit or loss
\nas a bargain purchase gain.
\n
\nFor the purpose of impairment testing, goodwill is allocated to each of the Group\u2019s cash-generating units expected to
\nbenefit from the synergies of the combination.
\n
\nCash-generating units to which goodwill has been allocated are tested for impairment annually, or more frequently
\nwhen there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is
\nless than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill
\nallocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset
\nin the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period.
\n
\nOn disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the profit or loss on
\ndisposal.
\n
\n\n
\n\n\nSegmental reporting
\n
\nThe Group is organized by geographical segments and this is the primary format for segmental reporting. Each
\ngeographical segment is subject to risks and returns that are different from those of other segments.
\n
\n\n
\n\nRevenue recognition
\n
\nThe Group recognizes revenue mainly from the following major sources:
\n
\n- Sale of goods
\n- Sale of optional warranties related to the aforementioned products
\n- Sale of software licenses
\n- Rendering of services
\n
\nRevenue is measured based on the consideration to which the Group expects to be entitled in a contract with a
\ncustomer. The Group recognizes revenue when it transfers control of a product to a customer.
\n
\nSale of goods
\n
\nThe Group sells IT components and finished products mainly to small-medium businesses and retail market. Revenue
\nrepresents amounts invoiced to customers in respect of sales of goods during the year and is stated net of trade
\ndiscounts, rebates, customer returns and other similar allowances. Based on historical data and using the \u201cmost likely
\namount\u201d method, the expected returns for the year were of insignificant value. Therefore, a significant reversal of
\nrevenue was not expected, and the effect of the returns was recorded as occurred.
\n
\n\n
\n\n
\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nRevenue from the sale of goods is recognized when the control of the product is transferred to the customer. The point
\nin time at which the control is transferred and the performance obligation is considered as satisfied, is decided based
\non the incoterms of each sale of goods and also by considering the following indicators:
\n
\n\u2022 the entity has a present right to payment for the asset
\n\u2022 the customer has legal title to the asset
\n\u2022 the entity has transferred physical possession of the asset
\n\u2022 the customer has the significant risks and rewards related to the ownership of the asset and
\n\u2022 the customer has accepted the asset.
\n
\nMore specifically, for each of the most used incoterms, revenue is recognized at the following point in time:
\n
\n\u2022 Ex-works (EXW) - when the goods become available to the buyer
\n\u2022 Carriage-paid-to (CPT) \u2013 when the goods have been delivered to the carrier
\n\u2022 Carriage-and-insurance-paid-to (CIP) - when the goods have been delivered to the carrier
\n\u2022 Free carrier (FCA) - when the goods have been delivered to the carrier at the named place or point
\n
\nSale of optional warranties
\n
\nThe Group sells optional warranties only when the vendor offers this option. The Group enters into agreements with
\npurchasers of its goods to perform necessary repairs falling outside of the products standard warranty period. Since it
\nis the vendor that has the ultimate liability regarding the optional warranties sold, the performance obligation is
\nconsidered satisfied upon sale and the related revenue is recognized immediately
\n
\n
\nSale of software licenses
\n
\n
\nThe Group sells licenses only for software created by third parties. Software licenses are neither customized nor subject
\nto significant integration services by the Group. Since the Group only acts just as the distributor of the licenses, the
\nperformance obligation is considered satisfied upon sale and the related revenue is recognized immediately.
\n
\nRendering of services
\n
\n
\nThe Group provides mainly Value-Added Services (VAD) relating to the sale of IT components and finished products
\nwhen the vendor offers this option. The Group enters into fixed price maintenance contracts with its customers between
\none and three years in length. Customers are required to pay in advance for each twelve-month service period and
\nthe relevant payment due dates are specified in each contract. Since it is the vendor that has the ultimate liability
\nregarding the services sold, the performance obligation is considered satisfied upon sale and the related revenue is
\nrecognized immediately.
\n
\n\n
\n\n
\nDividend and interest income
\n
\nDividend income from investments is recognized when the Company\u2019s right to receive payment has been established.
\n
\n\nInterest income is recognized when it is probable that the economic benefits will flow to the Group and the Company
\nand the amount of revenue can be measured reliably.
\n
\nInterest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate
\napplicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the
\nfinancial asset to that asset\u2019s net carrying amount.
\n
\n\n
\n\n\nBorrowing costs
\n
\nAll borrowing costs are recognized in the income statement in the period in which they are incurred using the effective
\ninterest method.
\n
\n\n
\n\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nEmployee benefits
\n
\nDefined contribution pension plans
\n
\nA defined contribution plan, the Employee Provident Fund, is a post-employment benefit plan under which the Company
\npays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts.
\nThe Company operates a defined contribution scheme, the assets of which are held in a separate trustee-administered
\nfund. Obligations for contributions to defined contribution pension plans are recognized as staff costs in the statement
\nof comprehensive income in the year during which services are rendered by employees.
\n
\nContributions to the Government Social Insurance Fund
\n
\nThe Group/Company and the employees contribute to the Government Social Insurance Fund at the prevailing statutory
\nrate which is applied on employees' salaries. The scheme is funded by payments from employees and by the
\nGroup/Company. The Group\u2019s/Company's contributions are expensed as incurred and are included in staff costs. The
\nGroup/Company has no further payment obligations once the contributions have been paid. Prepaid contributions are
\nrecognized as an asset to the extent that a cash refund or a reduction in the future payments is available.
\n
\n\n
\n\nShare-based payment transactions
\n
\nThe grant-date fair value of share-based payment awards granted to employees is recognized as an employee expense,
\nwith a corresponding increase in equity, over the period that the employees become unconditionally entitled to the
\nawards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service
\nand non-market performance conditions are expected to be met, such that the amount ultimately recognized as an
\nexpense is based on the number of awards that meet the related service and non-market performance conditions at
\nthe vesting date. For share-based payment awards with non-vesting conditions, the grant-date fair value of the
\nshare-based payment is measured to reflect such conditions and there is no true-up for differences between expected
\nand actual outcomes.
\n
\n\n
\n\nForeign currencies
\n
\nThe individual financial statements of each Group entity are presented in the currency of the primary economic
\nenvironment in which the entity operates (its functional currency). For the purpose of the consolidated financial
\nstatements, the results and financial position of each entity are expressed in United States Dollars (US$), which is the
\nfunctional currency of the Company and the presentation currency for both the consolidated and separate financial
\nstatements.
\n
\nIn preparing the financial statements of the individual entities, transactions in currencies other than the entity\u2019s
\nfunctional currency (foreign currencies) are recorded at the rates of exchange prevailing at the dates of the
\ntransactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated
\nat the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies
\nare retranslated at the rates prevailing at the date when the fair value was determined. Non-monetary items are
\nmeasured in terms of historical cost in a foreign currency and are not retranslated.
\n
\nExchange differences are recognized in the profit and loss in the period in which they arise. For the purpose of
\npresenting consolidated financial statements, the assets and liabilities of the Group\u2019s foreign operations are expressed
\nin United States Dollars using exchange rates prevailing at the end of the reporting period. Income and expense items
\nare translated at the average exchange rates for the period, unless exchange rates fluctuated significantly during the
\nperiod, in which case the exchange rates at the date of the transactions are used. Exchange differences arising, if any,
\nare recognized in other comprehensive income and accumulated in equity (attributed to non-controlling interests as
\nappropriate).
\n
\nOn the disposal of a foreign operation (i.e. a disposal of the Group\u2019s entire interest in a foreign operation, or a disposal
\ninvolving loss of control over a subsidiary that includes a foreign operation, loss of joint control over a jointly controlled
\nentity that includes a foreign operation, or loss of significant influence over an associate that includes a foreign
\noperation), all of the accumulated exchange differences in respect of that operation attributable to the Group are
\nreclassified to profit or loss. Any exchange differences that have previously been attributed to non-controlling interests
\nare reclassified to other comprehensive income.
\n
\nGoodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities
\nof the foreign operation and translated at the closing rate.
\n
\n\n
\n\n
\n
\n
\n2. Significant accounting policies (continued)
\n\n
\nTax
\n
\nIncome tax expense represents the sum of the tax currently payable and deferred tax.
\n
\nCurrent tax
\n
\nThe tax currently payable is based on taxable profit for the year. Taxable profit differs from profit reported in the
\nincome statement because it excludes items of income or expenses that are taxable or deductible in other years and
\nit further excludes items that are never taxable or deductible. The Group\u2019s liability for current tax is calculated using
\nthe tax rates that have been enacted or substantively enacted by the end of the reporting period.
\n
\n\nDeferred tax
\n
\nDeferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the
\nfinancial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities
\nare generally recognized for all taxable temporary differences, and deferred tax assets are generally recognized for all
\ndeductible temporary differences to the extent that it is probable that taxable profits will be available against which
\nthose deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if
\nthe temporary differences arise from goodwill or from the initial recognition (other than in a business combination) of
\nother assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.
\n
\nThe carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent
\nthat it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be
\nrecovered.
\n
\nDeferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the
\nliability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantially
\nenacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax
\nconsequences that would follow from the manner in which the Group expects, at the end of the reporting period, to
\nrecover or settle the carrying amount of its assets and liabilities.
\n
\nDeferred tax assets and liabilities are offset when there is legally enforceable right to set off current tax assets against
\ncurrent tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends
\nto settle its current tax assets and liabilities on a net basis.
\n
\n
\nCurrent and deferred tax for the period
\n
\nCurrent and deferred tax are recognized as an expense or income in profit or loss, except when they relate to items
\nthat are recognized in other comprehensive income, in which case the tax is also recognized in equity.
\n
\n\n
\n\n\nDividend distribution
\n
\nDividend distribution to the shareholders is recognized in the financial statements in the year in which dividends are
\ndeclared.
\n
\n\n\nProperty, plant and equipment
\n
\nProperty, plant and equipment are carried at cost less accumulated depreciation and any accumulated impairment
\nlosses.
\n
\nProperties in the course of construction for production, rental or administrative purposes, are carried at cost less any
\nrecognized impairment loss. Such properties are classified to the appropriate categories of property, plant and
\nequipment when completed and are ready for their intended use. Depreciation of these assets, on the same basis as
\nother property assets, commences when the assets are ready for their intended use.
\n
\n\n
\n\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n\n\n
\n\nDepreciation is provided at rates calculated to write off the cost less the estimated residual value of property, plant
\nand equipment (other than freehold land and properties under construction) on a straight-line basis over their
\nestimated useful economic lives as follows:
\n
\n
\nLeasehold property
\nOver the remaining period of the right for usage of the land
\nBuildings
\n46 - 100 years
\nComputer hardware
\n5 years
\nWarehouse machinery
\n3 - 5 years
\nMotor vehicles
\n5 years
\nFurniture, fittings and office equipment
\n10 years
\n
\nNo depreciation is provided on land.
\n\n\n
\nAn item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are
\nexpected to arise from the continued use of the asset.
\n
\nThe gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the
\ndifference between the sale proceeds and the carrying amount of the asset and is recognized in the profit and loss
\nwhen the asset is disposed.
\n
\nThe estimated useful life and depreciation method are reviewed at the end of each annual reporting period, with the
\neffect of any changes in estimate being accounted for on a prospective basis.
\n
\n\n
\n\n
\n\nIntangible assets
\n
\nIntangible assets consist of computer software, patents and licenses which are stated at cost less accumulated
\namortization and accumulated impairment losses. Amortization is provided at rates calculated to write off the cost less
\nthe estimated residual value of the assets using the straight-line method as follows:
\n
\nComputer software
\n3 - 10 years
\nPatents and licenses
\n3 years
\n
\nThe estimated useful life and amortization method are reviewed at the end of each reporting period, with the effect of
\nany changes in estimate being accounted for on a prospective basis.
\n
\nAn intangible asset is derecognized on disposal, or when no future economic benefits are expected from use. Gains or
\nlosses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds
\nand the carrying amount of the asset, and are recognized in profit or loss when the asset is derecognized.
\n
\n\n
\n\n\nInvestment Property
\nInvestment property comprises a number of commercial properties that are leased to third parties. Investment property
\ninitially measured at cost less accumulated depreciation and any accumulated impairment losses (note 10). Rental
\nincome from investment property is recognized as \u201cother gains and losses\u201d on a straight-line basis over the term of
\nthe lease. An investment property is derecognized upon disposal or when the investment property is permanently
\nwithdrawn from use and no future economic benefits are expected from the continued use of the asset. Any gain or
\nloss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the
\ncarrying amount of the asset) is included in profit or loss in the period in which the property is derecognized.
\n
\n\n\nRepairs and maintenance
\n
\nExpenditure for repairs and maintenance of property, plant and equipment and costs associated with maintenance of
\ncomputer software programs are recognized as an expense as incurred.
\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nImpairment of tangible and intangible assets excluding goodwill
\n
\nAt the end of each reporting period, the Group and the Company reviews the carrying amounts of its tangible and
\nintangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If
\nany such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
\nimpairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Group
\nand the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Where a
\nreasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual
\ncash-generating units, or otherwise they are allocated to the smallest Group of cash-generating units for which a
\nreasonable and consistent basis of allocation is identified.
\n
\nRecoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the
\nestimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current
\nmarket assessments of the time value of money and the risks specific to the asset for which the estimated of future
\ncash flows have not been adjusted.
\n
\nIf the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the
\ncarrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is
\nrecognized immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the
\nimpairment loss is treated as a revaluation decrease.
\n
\nWhere an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is
\nincreased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed
\nthe carrying amount that would have been determined had no impairment loss been recognized for the asset (or
\ncash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss, unless
\nthe relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a
\nrevaluation increase.
\n
\n\n
\n\n
\nFinancial instruments
\n
\nFinancial assets and financial liabilities are recognized when a Group entity becomes a party to the contractual
\nprovisions of the instrument.
\n
\nFinancial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable
\nto the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities
\nat fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial
\nliabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial
\nassets or financial liabilities at fair value through profit or loss are recognized immediately in profit or loss.
\n
\n\nFinancial assets
\n
\nAll regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular
\nway purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame
\nestablished by regulation or convention in the marketplace.
\n
\n
\nAll recognized financial assets are measured subsequently in their entirety at either amortized cost or fair value,
\ndepending on the classification of the financial assets.
\n
\n(i)
\n
\nClassification and subsequent measurement
\n
\nOn initial recognition, a financial asset is classified as measured at: amortized cost; Fair Value through Other
\nComprehensive Income \u2013 debt investment; Fair Value through Other Comprehensive Income \u2013 equity investment; or
\nFair value through profit or loss.
\n
\n\n
\n\n
\n\n
\n2. Significant accounting policies (continued)
\n
\n\n
\n\n\n
\n
\n
\nFinancial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model
\nfor managing financial assets, in which case all affected financial assets are reclassified on the first day of the first
\nreporting period following the change in the business model.
\n
\n\u2022
\nFinancial assets at FVTPL
\n
\nThese assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income,
\nare recognized in profit or loss.
\n
\n\u2022
\nFinancial assets at FVOCI
\n
\nThese assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income,
\nare recognized in other comprehensive income. On derecognition, gains and losses accumulated in OCI are reclassified
\nto profit or loss.
\n
\n\u2022
\nFinancial assets at amortized cost
\n
\nThese assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is
\nreduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in
\nprofit or loss. Any gain or loss on derecognition is recognized in profit or loss. Financial assets at amortized cost
\ncomprise of the following:
\n
\n\nTrade receivables including factored trade receivables
\n
\nThe Group enters into various invoice discounting agreements with factoring companies from which a percentage of
\napproved invoices are collected in advance. The invoices which are given for collection in advance are with recourse
\nand included within trade receivables, whereas the amount collected from the factoring Company is presented in the
\nstatement of financial position under current liabilities until the date of settlement by the debtors. Factoring expenses
\nare charged to the statement of comprehensive income.
\n
\n\n
\n\nLoans granted
\n
\nLoans granted by the Company to the borrower are categorized as loans. All loans are recognized when cash is
\nadvanced to the borrower.
\n
\n\n
\n\nCash and cash equivalents
\n
\nThe Group considers all short-term highly liquid instruments with maturities of 3 months or less which are subject to
\ninsignificant risk of changes in value to be cash equivalents.
\n
\n\u2022
\nDebt investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Interest income calculated using the effective interest method,
\nforeign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are
\nrecognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss.
\n
\n\u2022
\nEquity investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the
\ndividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized
\nin OCI and are never reclassified to profit or loss.
\n\n\n
\n\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n
\n
\n\n
\n
\n\n
\n\n(ii)
\n
\nDerecognition
\n
\nThe Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire,
\nor it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and
\nrewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains
\nsubstantially all of the risks and rewards of ownership and it does not retain control of the financial assets.
\n
\nThe Group enters into transactions whereby it transfers assets recognized in its statement of financial position but
\nretains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred
\nassets are not derecognized.
\n
\n\n
\n\n
\n\n
\nFinancial liabilities
\n
\n(i)
\n
\nClassification and subsequent measurement
\n
\nFinancial liabilities are classified as measured at amortized cost or FVTPL. A financial liability is classified as at FVTPL if
\nit is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities
\nat FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognized in profit
\nor loss. Other financial liabilities are subsequently measured at amortized cost using the effective interest method.
\nInterest expense and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on
\nderecognition is also recognized in profit or loss.
\n
\n\nFinancial guarantee contracts
\n
\nA financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder
\nfor a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms of a debt
\ninstrument.
\n
\nFinancial guarantee contracts issued by the Company/Group are accounted for and measured initially at their fair
\nvalues, and subsequently measured at the higher of:
\n
\n\u2022 the amount of the obligation under the contract, as determined in accordance with IAS 37 Provisions,
\nContingent Liabilities and Contingent Assets and
\n\u2022 the amount initially recognized less, where appropriate, cumulative amortization recognized in accordance
\nwith the revenue recognition policies as set out below.
\nAs at each reporting date presented in these financial statements, the Company participates in financial guarantee
\ncontracts and provide financial guarantees to its subsidiaries.
\nTo be classified as a financial guarantee contract, a contract needs to comply with all of the following conditions:
\n\u2022 The reference obligation is a debt instrument.
\n\u2022 The holder is compensated only for a loss that it incurs.
\n\u2022 The contract does not compensate the holder for more than the actual loss that it incurs.
\nFinancial guarantee contract in the scope of IFRS 9 is initially recognized at fair value. If the financial guarantee contract
\nwas issued in a stand-alone arm\u2019s length transaction to an unrelated party, then its fair value at inception is considered
\nto be equal to the premium received unless there is evidence to the contrary.
\nIn the case of a guarantee provided by the Company over the liability of a subsidiary, when no consideration is or will
\nbe received, the Company recognize a liability in its financial statements for the fair value of the guarantee at the date
\nof granting the financial guarantee and the respective increase in the cost of the investment in subsidiary.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n\n
\n
\n
\n
\n
\n
\n
\n\n
\nSubsequently, all financial guarantee contracts mentioned above are measured at the higher of:
\n\u2022 the amount of the loss allowance determined in accordance with IFRS 9 over the loan balance as at reporting
\ndate; and
\n\u2022 the amount initially recognized less, when appropriate, the cumulative amount of income recognized in
\naccordance with the principles of IFRS 15.
\n\nFee income recognized in accordance with the principles of IFRS 15 is posted within \u201cfinance income\u201d caption of
\nstatement of profit and loss and other comprehensive income.
\n
\n\nAny gain or loss caused by remeasurement of guarantee liabilities is posted through respective \u201cfinance income\u201d and
\n\u201cfinance expenses\u201d captions of statement of profit and loss and other comprehensive income.
\n
\n\n
\n\nBank borrowings
\n
\nInterest-bearing bank loans and overdrafts are recorded at the proceeds received, net of direct issue costs. Finance
\ncharges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an
\naccrual basis to the income statement using the effective interest method and are added to the carrying amount of
\nthe instrument to the extent that they are not settled in the period in which they arise.
\n
\n\n
\n\n(ii)
\nDerecognition
\n
\n
\nThe Group derecognizes a financial liability when its contractual obligations are discharged or cancelled or expire. The
\nGroup also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are
\nsubstantially different, in which case a new financial liability based on the modified terms is recognized at fair value.
\n
\nOn derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration
\npaid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.
\n
\n\n
\nEffective interest method
\n
\nThe effective interest method is a method of calculating the amortized cost of a financial asset or liability and allocating
\ninterest income or expense over the relevant period. The effective interest rate is the rate that exactly discounts
\nestimated future cash flows (including all fees on points paid or received that form an integral part of the effective
\ninterest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset or
\nliability, or, where appropriate, a shorter period.
\n
\n\n\nInventories
\n
\nInventories comprise of:
\n
\n\u2022 IT products (components and finished products) which are stated at the lower of cost and net realizable value.
\nCost is determined on the basis of standard cost method for the price protected stock items and on the
\nweighted average cost method for the non-price protected stock items and comprises the cost of acquisition
\nplus any other costs that are incurred to bring the stock items to their present location and condition. Net
\nrealizable value represents the estimated selling price for inventories less all cost necessary to make the sale.
\n\u2022 Land under development which is carried at cost.
\n
\n\n\nEquity instruments
\n
\nAn equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of
\nits liabilities. Equity instruments issued by the Group are recorded at the proceeds received, net of direct issue costs.
\n
\nRepurchase of the Company\u2019s own equity instruments is recognized and deducted directly in equity. No gain or loss is
\nrecognized in profit or loss on the purchase, sale, issue or cancellation of the Company\u2019s own equity instruments.
\n
\n\n\nProvisions
\n
\nA provision is recognized in the statement of financial position when the Company/Group has a legal or constructive
\npresent obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to
\nsettle the obligation, and a reliable estimate can be made of the amount of the obligation.
\n
\n\n
\n\n
\n
\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nThe amount recognized as a provision is the best estimate of the consideration required to settle the present obligation
\nat the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Where a
\nprovision is measured using the cash flow estimated to settle the present obligation, its carrying amount is the present
\nvalue of those cash flows.
\n
\nWhen some or all of the economic benefits required to settle a provision are expected to be recovered from a third
\nparty, the receivable is recognized as an asset if it is virtually certain that the reimbursement will be received and the
\namount of the receivable can be measured reliably.
\n
\nWarranties
\n
\nProvisions for the expected cost of warranty are recognized at the date of sale of the relevant products, at the Directors\u2019
\nbest estimate of the expenditure required to settle the Company\u2019s/Group\u2019s obligations.
\n
\nMarketing
\n
\nProvisions for the expected cost of marketing activities are recognized based on purchase of products, cost of goods
\nsold and other various vendors rebates depending on turnover and marketing strategy. Marketing provisions are mainly
\nused to support promotional and advertising related activities.
\n
\n\n\nImpairment
\nFinancial assets
\n
\n
\nThe Group uses 'expected credit loss' (ECL) model. This impairment model applies to financial assets measured at
\namortized cost, contract assets and debt instruments at FVOCI but not to investments in equity instruments. ECLs are
\nbased on the difference between the contractual cash flows due in accordance with the contract and all the cash flows
\nthat the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected
\ncash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the
\ncontractual terms.
\n
\nThe Group recognizes loss allowances for ECLs on financial assets measured at amortized cost.
\n
\nECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit
\nrisk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within
\nthe next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in
\ncredit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the
\nexposure, irrespective of the timing of the default (a lifetime ECL) due.
\n
\nFor trade receivables and contract assets, the Group applies a simplified approach in calculating ECLs. Therefore, the
\nGroup does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each
\nreporting date. The Group has established a provision matrix that is based on its historical credit loss experience,
\nadjusted for forward-looking factors specific to the debtors and the economic environment.
\n
\nAn impairment loss is calculated as the difference between an asset\u2019s carrying amount and the present value of the
\nestimated future cash flows discounted at the asset\u2019s original effective interest rate. Losses are recognized in profit or
\nloss. When the Group considers that there are no realistic prospects of recovery of the asset, the relevant amounts are
\nwritten off. If the amount of impairment loss subsequently decreases and the decrease can be related objectively to
\nan event occurring after the impairment was recognized, then the previously recognized impairment loss is reversed
\nthrough profit or loss.
\n
\nLoss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the
\nassets.
\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n
\n\nNon-financial assets
\n
\n
\nAt each reporting date, the Group reviews the carrying amounts of its non-financial assets to determine whether there
\nis any indication that those assets have suffered an impairment loss. An impairment loss is recognized if the carrying
\namount of an asset or cash-generating unit (CGU) exceeds its recoverable amount. Where it is not possible to estimate
\nthe recoverable amount of an individual asset, the Group estimates the recoverable amount of the CGU to which the
\nasset belongs. Goodwill is tested annually for impairment.
\n
\nRecoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the
\nestimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current
\nmarket assessments of the time value of money and the risks specific to the asset.
\n
\nIf the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount
\nof the asset (CGU) is reduced to its recoverable amount. An impairment loss is recognized immediately in profit or loss,
\nunless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation
\ndecrease.
\n
\nWhere an impairment loss subsequently reverses, the carrying amount of the asset (CGU) is increased to the revised
\nestimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount
\nthat would have been determined had no impairment loss been recognized for the asset (CGU) in prior years. A reversal
\nof an impairment loss is recognized immediately in profit or loss, unless the relevant asset is carried at a revalued
\namount, in which case the reversal of the impairment loss is treated as a revaluation increase.
\n
\n\n\nLeases
\n
\nAt inception or on reassessment of a contract that contains a lease component, the Group and the Company allocates
\nthe consideration in the contract to each lease and non-lease component on the basis of their relative stand-alone
\nprices. However, for leases of properties in which it is a lessee, the Group and the Company elected not to separate
\ncomponents and will instead account for the lease and non-lease components as a single lease component.
\n
\nThe Group and the Company leases land and buildings and motor vehicles. As a lessee, the Group and the
\nCompany previously classified leases as operating or finance leased based on its assessment of whether the lease
\ntransferred substantially all the risks and rewards of ownership. Under IFRS 16, the Group and the Company recognizes
\nright-of-use assets and lease liabilities for most leases \u2013 i.e. these leases are on balance sheet. The Group and the
\nCompany presents lease liabilities in \u2018long-term borrowings\u2019 and \u2018short-term borrowings\u2019 in the statements of financial
\nposition.
\n
\nThe Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset
\nis initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments
\nmade at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle
\nand remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease
\nincentives received.
\nThe right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the
\nend of the lease term, unless the lease transfers ownership of the underlying asset to the Group/Company by the end
\nof the lease term or the cost of the right-of-use asset reflects that the Group/Company will exercise a purchase option.
\nIn that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined
\non the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by
\nimpairment losses, if any, and adjusted for certain remeasurements of the lease liability.
\nThe lease liability is initially measured at the present value of the lease payments that are not paid at the
\ncommencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily
\ndetermined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the
\ndiscount rate.
\n
\n\n
\n\n
\n
\n2. Significant accounting policies (continued)
\n\nThe Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources
\nand makes certain adjustments to reflect the terms of the lease and type of the asset leased.
\nLease payments included in the measurement of the lease liability comprise the following:
\n\u2022 fixed payments, including in-substance fixed payments;
\n\u2022 variable lease payments that depend on an index or a rate, initially measured using the index or rate as at
\nthe commencement date;
\n\u2022 amounts expected to be payable under a residual value guarantee; and
\n\u2022 the exercise price under a purchase option that the Group/Company is reasonably certain to exercise, lease
\npayments in an optional renewal period if the Group/Company is reasonably certain to exercise an extension
\noption, and penalties for early termination of a lease unless the Group/Company is reasonably certain not to
\nterminate early.
\nThe lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a
\nchange in future lease payments arising from a change in an index or rate, if there is a change in the Group/Company\u2019s
\nestimate of the amount expected to be payable under a residual value guarantee, if the Group/Company changes its
\nassessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance
\nfixed lease payment.
\nWhen the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the
\nright-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to
\nzero.
\nNon-recoverable VAT is excluded from lease accounting as VAT payments are not made to lessor in exchange for the
\nright to use an underlying asset. Instead, they are levies imposed by the government and are in the scope of IFRIC 21
\n(Levies) and are recognized when they are due under the tax law (when the invoice is issued). They are expensed in
\nStatement of profit or loss and other comprehensive income immediately at the moment they are recognized.
\nShort-term leases and leases of low-value assets
\nThe Group/Company has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets
\nand short-term leases. The Group/Company recognizes the lease payments associated with these leases as an expense
\non a straight-line basis over the lease term.
\n
\n\n
\n\n
\n\nCritical judgements in applying the entity\u2019s accounting policies and key sources of estimation
\nuncertainty
\n
\nThe preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates
\nand requires management to exercise its judgement in the process of applying the Group\u2019s accounting policies. It also
\nrequires the use of assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
\nassets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during
\nthe reporting period. Although these estimates are based on management\u2019s best knowledge of current events and
\nactions, actual results may ultimately differ from those estimates. The estimates and assumptions, that have a
\nsignificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
\nyear, are discussed below:
\n
\nRevenue recognition
\n
\nIn making its judgment, management considered the detailed criteria for the recognition of revenue from the sale of
\ngoods as set out in IFRS 15 Revenue from Contracts with Customers and, in particular, whether the Company/Group
\nhad transferred to the buyer the significant risks and rewards of ownership of the goods. The timing of the transfer of
\ncontrol is decided based on related incoterms. The management is satisfied that the significant risks and rewards have
\nbeen transferred and the recognition of the revenue in the current year is appropriate.
\n
\n\n
\n\n
\n\n
\n2. Significant accounting policies (continued)
\n
\n\n
\n\nProvision for bad and doubtful debts
\n
\nThe Company/Group reviews its trade and other receivables for evidence of their recoverability. Such evidence includes
\nthe customer\u2019s payment record, the customer\u2019s overall financial position and expected recovery from credit insurance.
\nIf indications of non-recoverability exist, the recoverable amount is estimated and a respective provision for bad and
\ndoubtful debts is made. The amount of the provision is charged through the income statement. The review of credit
\nrisk is continuous and the methodology and assumptions used for estimating the provision are reviewed regularly and
\nadjusted accordingly.
\n
\nCalculation of loss allowance
\n
\nWhen measuring ECL the Group uses reasonable and supportable forward-looking information, which is based on
\nassumptions for the future movement of different economic drivers and how these drivers will affect each other. Loss
\ngiven default is an estimate of the loss arising on default. It is based on the difference between the contractual cash
\nflows due and those that the lender would expect to receive, taking into account cash flows from collateral and integral
\ncredit enhancements.
\n
\nProbability of default constitutes a key input in measuring ECL. Probability of default is an estimate of the likelihood of
\ndefault over a given time horizon, the calculation of which includes historical data, assumptions and expectations of
\nfuture conditions. Loss rates are calculated separately for exposures in different segments which share common credit
\nrisk characteristics and are based on actual credit loss experience over the past four years. Significant customers, if
\nany, are assessed individually.
\n
\nProvision for obsolete and slow-moving inventory
\n
\nThe Company/Group reviews its inventory records for evidence regarding the salability of inventory and its net
\nrealizable value on disposal. The provision for obsolete and slow-moving inventory is based on management\u2019s past
\nexperience, taking into consideration arrangements with suppliers for price protection and for returning defective stock;
\nthe value of inventory as well as the movement and the level of stock of each category of inventory.
\nAny change in the amount of provision is recognized in the income statement. The review of the net realizable value
\nof the inventory is continuous and the methodology and assumptions used for estimating the provision for obsolete
\nand slow-moving inventory are reviewed regularly and adjusted accordingly.
\n
\nImpairment of investments in subsidiaries, associated and jointly controlled enterprises
\n
\nThe Group and Company periodically evaluates the recoverability of investments in subsidiaries, associates and jointly
\ncontrolled enterprises/jointly controlled enterprises whenever indicators of impairment are present. Indicators of
\nimpairment include such items as declines in revenues, earnings or cash flows or material adverse changes in the
\neconomic or political stability of a particular country, which may indicate that the carrying amount of an asset is not
\nrecoverable. If facts and circumstances indicate that the investment in subsidiaries/associates/jointly controlled
\nenterprises may be impaired, the estimated future undiscounted cash flows associated with these entities would be
\ncompared to their carrying amounts to determine if a write-down to fair value is necessary.
\n
\nWarranty provisions
\n
\nWarranty provisions represent the Company\u2019s/Group\u2019s best estimate of the liability as a result of the warranties granted
\non certain products and is based on past experience and industry averages for defective products.
\n
\nIncome taxes
\n
\nSignificant judgment is required in determining the provision for income taxes. There are transactions and calculations
\nfor which the ultimate tax determination is uncertain during the ordinary course of business. The Company/Group
\nrecognizes liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where
\nthe final tax outcome of these matters is different from the amounts that were initially recorded, such difference will
\nimpact the income tax and deferred tax provisions in the period in which such determination is made.
\n
\n\n
\n\n
\n\n
\n2. Significant accounting policies (continued)
\n
\n\n
\n\nTrade payables factoring facilities
\n
\nSignificant judgment is required in determining the appropriate presentation of supply-chain factoring facilities in the
\nstatement of financial position and statement of cash flow. The Group and the Company disclose the amounts factored
\nby suppliers separately from trade payables because the nature and function of the financial liabilities is sufficiently
\ndifferent from a trade payable that a separate presentation is appropriate. The payments to the bank are included
\nwithin operating cash flows because they continue to be part of the normal operating cycle of the Group and their
\nprincipal nature remains operating \u2013 i.e. payments for the purchase of goods and services.
\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag158": {
"value": "\nChanges in significant accounting policies
\n
\nThe accounting policies adopted for the preparation of these consolidated and separate financial statements for the
\ntwelve months ended 31 December 2022 are consistent with those followed for the preparation of the annual financial
\nstatements for the year 2021.
\n
\n\nAdoption of new and revised IFRSs and interpretations by the European Union (EU)
\n
\nAs from 1 January 2022, the Group and the Company adopted all changes to International Financial Reporting
\nStandards (IFRSs) as adopted by the EU, which are relevant to its operations. This adoption did not have a material
\neffect on the financial statements of the Group and the Company.
\n
\nThe following Standards, Amendments to Standards and Interpretations have been issued by the International
\nAccounting Standards Board (IASB) but are not yet effective for annual periods beginning on 1 January 2022. Those
\nwhich may be relevant to the Group and the Company are set out below. The Group and the Company does not plan
\nto adopt these Standards early.
\n
\n\n\nStandards and Interpretations not adopted by the EU
\n\u2022
\n
\nIFRS 10 (Amendments) and IAS 28 (Amendments) ''Sale or Contribution of Assets between an Investor and
\nits Associate or Joint Venture'' (effective date postponed indefinitely).
\n
\nThe Board of Directors expects that the adoption of these standards in future periods will not have a material effect
\non the financial statements of the Group and the Company.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag159": {
"value": "\nStatement of compliance
\n
\nThe financial statements have been prepared in accordance with International Financial Reporting Standards as
\nadopted by the European Union (\u201cIFRS-EU\u201d) and the requirements of the Cyprus Companies Law, Cap.113.
\n
\n",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag160": {
"value": "\nThe financial statements were approved by the Board of Directors and authorized for issue on the 29
\nth
\n of March 2023.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag161": {
"value": "\n
\n
\nBasis of preparation
\n
\n\nThe financial statements which are expressed in United States Dollars, the Group\u2019s presentation and the Company\u2019s
\npresentation and functional currency, have been prepared under the historical cost convention except for certain
\nfinancial instruments that are measured at fair value, as explained in the accounting policies below.
\n
\nThe financial statements are presented in US dollars (US$), and all values are presented in US$ thousand unless
\notherwise stated.
\n
\n\n
\n\nUse of estimates and judgements
\n
\n
\nThe preparation of financial statements in conformity with IFRS-EU requires the use of certain critical accounting
\nestimates and requires management to exercise its judgment in the process of applying the Group\u2019s and the Company's
\naccounting policies. It also requires the use of assumptions that affect the reported amounts of assets and liabilities
\nand disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of
\nrevenues and expenses during the reporting period. Although these estimates are based on management's best
\nknowledge of current events and actions, actual results may ultimately differ from those estimates. Estimates and
\nunderlying assumptions are reviewed on an ongoing basis; revisions to estimates are recognized prospectively.
\n
\nInformation about judgments made in applying accounting policies and the estimates and assumptions, that have a
\nsignificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
\nyear, are discussed in note 2 on pages 37, 38 and 39.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag162": {
"value": "\nThe financial statements which are expressed in United States Dollars, the Group\u2019s presentation and the Company\u2019s
\npresentation and functional currency, have been prepared under the historical cost convention except for certain
\nfinancial instruments that are measured at fair value, as explained in the accounting policies below.
\n
\nThe financial statements are presented in US dollars (US$), and all values are presented in US$ thousand unless
\notherwise stated.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag163": {
"value": "\nUse of estimates and judgements
\n
\n
\nThe preparation of financial statements in conformity with IFRS-EU requires the use of certain critical accounting
\nestimates and requires management to exercise its judgment in the process of applying the Group\u2019s and the Company's
\naccounting policies. It also requires the use of assumptions that affect the reported amounts of assets and liabilities
\nand disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of
\nrevenues and expenses during the reporting period. Although these estimates are based on management's best
\nknowledge of current events and actions, actual results may ultimately differ from those estimates. Estimates and
\nunderlying assumptions are reviewed on an ongoing basis; revisions to estimates are recognized prospectively.
\n
\nInformation about judgments made in applying accounting policies and the estimates and assumptions, that have a
\nsignificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
\nyear, are discussed in note 2 on pages 37, 38 and 39.
\n
\n\n
\n\nCritical judgements in applying the entity\u2019s accounting policies and key sources of estimation
\nuncertainty
\n
\nThe preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates
\nand requires management to exercise its judgement in the process of applying the Group\u2019s accounting policies. It also
\nrequires the use of assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
\nassets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during
\nthe reporting period. Although these estimates are based on management\u2019s best knowledge of current events and
\nactions, actual results may ultimately differ from those estimates. The estimates and assumptions, that have a
\nsignificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
\nyear, are discussed below:
\n
\nRevenue recognition
\n
\nIn making its judgment, management considered the detailed criteria for the recognition of revenue from the sale of
\ngoods as set out in IFRS 15 Revenue from Contracts with Customers and, in particular, whether the Company/Group
\nhad transferred to the buyer the significant risks and rewards of ownership of the goods. The timing of the transfer of
\ncontrol is decided based on related incoterms. The management is satisfied that the significant risks and rewards have
\nbeen transferred and the recognition of the revenue in the current year is appropriate.
\n
\n\n
\n\n
\n\nProvision for bad and doubtful debts
\n
\nThe Company/Group reviews its trade and other receivables for evidence of their recoverability. Such evidence includes
\nthe customer\u2019s payment record, the customer\u2019s overall financial position and expected recovery from credit insurance.
\nIf indications of non-recoverability exist, the recoverable amount is estimated and a respective provision for bad and
\ndoubtful debts is made. The amount of the provision is charged through the income statement. The review of credit
\nrisk is continuous and the methodology and assumptions used for estimating the provision are reviewed regularly and
\nadjusted accordingly.
\n
\nCalculation of loss allowance
\n
\nWhen measuring ECL the Group uses reasonable and supportable forward-looking information, which is based on
\nassumptions for the future movement of different economic drivers and how these drivers will affect each other. Loss
\ngiven default is an estimate of the loss arising on default. It is based on the difference between the contractual cash
\nflows due and those that the lender would expect to receive, taking into account cash flows from collateral and integral
\ncredit enhancements.
\n
\nProbability of default constitutes a key input in measuring ECL. Probability of default is an estimate of the likelihood of
\ndefault over a given time horizon, the calculation of which includes historical data, assumptions and expectations of
\nfuture conditions. Loss rates are calculated separately for exposures in different segments which share common credit
\nrisk characteristics and are based on actual credit loss experience over the past four years. Significant customers, if
\nany, are assessed individually.
\n
\nProvision for obsolete and slow-moving inventory
\n
\nThe Company/Group reviews its inventory records for evidence regarding the salability of inventory and its net
\nrealizable value on disposal. The provision for obsolete and slow-moving inventory is based on management\u2019s past
\nexperience, taking into consideration arrangements with suppliers for price protection and for returning defective stock;
\nthe value of inventory as well as the movement and the level of stock of each category of inventory.
\nAny change in the amount of provision is recognized in the income statement. The review of the net realizable value
\nof the inventory is continuous and the methodology and assumptions used for estimating the provision for obsolete
\nand slow-moving inventory are reviewed regularly and adjusted accordingly.
\n
\nImpairment of investments in subsidiaries, associated and jointly controlled enterprises
\n
\nThe Group and Company periodically evaluates the recoverability of investments in subsidiaries, associates and jointly
\ncontrolled enterprises/jointly controlled enterprises whenever indicators of impairment are present. Indicators of
\nimpairment include such items as declines in revenues, earnings or cash flows or material adverse changes in the
\neconomic or political stability of a particular country, which may indicate that the carrying amount of an asset is not
\nrecoverable. If facts and circumstances indicate that the investment in subsidiaries/associates/jointly controlled
\nenterprises may be impaired, the estimated future undiscounted cash flows associated with these entities would be
\ncompared to their carrying amounts to determine if a write-down to fair value is necessary.
\n
\nWarranty provisions
\n
\nWarranty provisions represent the Company\u2019s/Group\u2019s best estimate of the liability as a result of the warranties granted
\non certain products and is based on past experience and industry averages for defective products.
\n
\nIncome taxes
\n
\nSignificant judgment is required in determining the provision for income taxes. There are transactions and calculations
\nfor which the ultimate tax determination is uncertain during the ordinary course of business. The Company/Group
\nrecognizes liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where
\nthe final tax outcome of these matters is different from the amounts that were initially recorded, such difference will
\nimpact the income tax and deferred tax provisions in the period in which such determination is made.
\n
\n\n
\n\n
\n\nTrade payables factoring facilities
\n
\nSignificant judgment is required in determining the appropriate presentation of supply-chain factoring facilities in the
\nstatement of financial position and statement of cash flow. The Group and the Company disclose the amounts factored
\nby suppliers separately from trade payables because the nature and function of the financial liabilities is sufficiently
\ndifferent from a trade payable that a separate presentation is appropriate. The payments to the bank are included
\nwithin operating cash flows because they continue to be part of the normal operating cycle of the Group and their
\nprincipal nature remains operating \u2013 i.e. payments for the purchase of goods and services.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag164": {
"value": "\n
\n\nAdoption of new and revised IFRSs and interpretations by the European Union (EU)
\n
\nAs from 1 January 2022, the Group and the Company adopted all changes to International Financial Reporting
\nStandards (IFRSs) as adopted by the EU, which are relevant to its operations. This adoption did not have a material
\neffect on the financial statements of the Group and the Company.
\n
\nThe following Standards, Amendments to Standards and Interpretations have been issued by the International
\nAccounting Standards Board (IASB) but are not yet effective for annual periods beginning on 1 January 2022. Those
\nwhich may be relevant to the Group and the Company are set out below. The Group and the Company does not plan
\nto adopt these Standards early.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFirstTimeAdoptionExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag165": {
"value": "\n
\nBasis of consolidation
\n
\nThe consolidated financial statements incorporate the financial statements of the Company and entities controlled by
\nthe Company (its subsidiaries). The Group \u201ccontrols\u201d an entity when it is exposed to, or has rights to, variable returns
\nfrom its involvement with the entity and has the ability to affect those returns through its power over the entity. The
\nfinancial statements of subsidiaries are included in the consolidated financial statements from the date on which control
\ncommences until the date on which control ceases.
\n
\nIncome and expenses of subsidiaries acquired or disposed of during the year are included in the consolidated statement
\nof comprehensive income from the effective date of acquisition and up to the effective date of disposal as appropriate.
\n
\nTotal comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling
\ninterest even if this results in the non-controlling interest having a deficit balance.
\n
\nWhere necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies
\nin line with those used by the Group.
\n
\nAll intra-group transactions, balances, income and expenses are eliminated in full on consolidation. Unrealized gains
\narising from transactions from equity-accounted investees are eliminated against the investment to the extent of the
\nGroup\u2019s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the
\nextent that there is no evidence of impairment.
\n
\n\n
\n\nBusiness combinations
\n
\nAcquisitions of subsidiaries and businesses are accounted for using the acquisition method. The consideration of each
\nacquisition is measured as the aggregate of the fair values (at the date of exchange) of assets given, liabilities incurred
\nor assumed, and equity instruments issued by the Group in exchange for control of the acquiree. Acquisition related
\ncosts are recognized in profit or loss as incurred.
\n
\nWhere applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent
\nconsideration arrangement, measured at its acquisition date fair value. Subsequent changes in such fair values are
\nadjusted against the cost of acquisition where they qualify as measurement period adjustments. All other subsequent
\nchanges in the fair value of contingent consideration classified as an asset or liability are accounted for in accordance
\nwith relevant IFRSs. Changes in the fair value of contingent consideration classified as equity are not recognized.
\n
\nThe acquiree\u2019s identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition under
\nIFRS 3 are recognized at their fair value at the acquisition date, except that:
\n
\n
\n\u2022 deferred tax assets or liabilities and liabilities or assets related to employee benefit arrangements are
\nrecognized and measured in accordance with IAS 12 Income Taxes and IAS 19 Employee Benefits respectively;
\n
\n\u2022 liabilities or equity instruments related to the replacement by the Group of an acquiree\u2019s share based payment
\nawards are measured in accordance with IFRS 2 Share based payment; and
\n
\n\u2022 assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Noncurrent Assets
\nHeld for Sale and Discontinued Operations are measured in accordance with that Standard.
\n
\n\n
\n\n
\n\n
\n\n
\n
\n\n
\n\nNon-controlling interests in subsidiaries are identified separately from the Group\u2019s equity therein. The interests of non-
\ncontrolling shareholders may be initially measured either at fair value or at the non-controlling interests\u2019 proportionate
\nshare of the fair value of the acquiree\u2019s identifiable net assets. The choice of measurement basis is made on an
\nacquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the
\namount of those interests at initial recognition plus the non-controlling interests\u2019 share of subsequent changes in equity.
\nTotal comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests
\nhaving a deficit balance.
\n
\n\n
\nChanges in the Group\u2019s ownership interests in existing subsidiaries
\n
\nChanges in the Group's ownership interests in subsidiaries that do not result in the Group losing control over the
\nsubsidiaries are accounted for as equity transactions. The carrying amounts of the Group's interests and the
\nnon-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference
\nbetween the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid
\nor received is recognized directly in equity and attributed to the owners of the Company.
\n
\nWhen the Group loses control of a subsidiary, it derecognizes the assets and liabilities of the subsidiary and any related
\nNCI and other components of equity. The profit or loss on disposal is calculated as the difference between:
\n
\n(i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the
\nprevious carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling
\ninterests. Amounts previously recognized in other comprehensive income in relation to the subsidiary are accounted
\nfor in the same manner as would be required if the relevant assets or liabilities were disposed of (i.e. reclassified to
\nprofit or loss or transferred directly to retained earnings). The fair value of any investment retained in the former
\nsubsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting
\nunder IFRS 9 Financial Instruments or, when applicable, the cost on initial recognition of an investment in an associate
\nor jointly controlled entity.
\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag166": {
"value": "\n
\n\nBusiness combinations
\n
\nAcquisitions of subsidiaries and businesses are accounted for using the acquisition method. The consideration of each
\nacquisition is measured as the aggregate of the fair values (at the date of exchange) of assets given, liabilities incurred
\nor assumed, and equity instruments issued by the Group in exchange for control of the acquiree. Acquisition related
\ncosts are recognized in profit or loss as incurred.
\n
\nWhere applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent
\nconsideration arrangement, measured at its acquisition date fair value. Subsequent changes in such fair values are
\nadjusted against the cost of acquisition where they qualify as measurement period adjustments. All other subsequent
\nchanges in the fair value of contingent consideration classified as an asset or liability are accounted for in accordance
\nwith relevant IFRSs. Changes in the fair value of contingent consideration classified as equity are not recognized.
\n
\nThe acquiree\u2019s identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition under
\nIFRS 3 are recognized at their fair value at the acquisition date, except that:
\n
\n
\n\u2022 deferred tax assets or liabilities and liabilities or assets related to employee benefit arrangements are
\nrecognized and measured in accordance with IAS 12 Income Taxes and IAS 19 Employee Benefits respectively;
\n
\n\u2022 liabilities or equity instruments related to the replacement by the Group of an acquiree\u2019s share based payment
\nawards are measured in accordance with IFRS 2 Share based payment; and
\n
\n\u2022 assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Noncurrent Assets
\nHeld for Sale and Discontinued Operations are measured in accordance with that Standard.
\n
\n\n
\n\n
\n
\n\n
\n\nNon-controlling interests in subsidiaries are identified separately from the Group\u2019s equity therein. The interests of non-
\ncontrolling shareholders may be initially measured either at fair value or at the non-controlling interests\u2019 proportionate
\nshare of the fair value of the acquiree\u2019s identifiable net assets. The choice of measurement basis is made on an
\nacquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the
\namount of those interests at initial recognition plus the non-controlling interests\u2019 share of subsequent changes in equity.
\nTotal comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests
\nhaving a deficit balance.
\n
\n\n
\nChanges in the Group\u2019s ownership interests in existing subsidiaries
\n
\nChanges in the Group's ownership interests in subsidiaries that do not result in the Group losing control over the
\nsubsidiaries are accounted for as equity transactions. The carrying amounts of the Group's interests and the
\nnon-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference
\nbetween the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid
\nor received is recognized directly in equity and attributed to the owners of the Company.
\n
\nWhen the Group loses control of a subsidiary, it derecognizes the assets and liabilities of the subsidiary and any related
\nNCI and other components of equity. The profit or loss on disposal is calculated as the difference between:
\n
\n(i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the
\nprevious carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling
\ninterests. Amounts previously recognized in other comprehensive income in relation to the subsidiary are accounted
\nfor in the same manner as would be required if the relevant assets or liabilities were disposed of (i.e. reclassified to
\nprofit or loss or transferred directly to retained earnings). The fair value of any investment retained in the former
\nsubsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting
\nunder IFRS 9 Financial Instruments or, when applicable, the cost on initial recognition of an investment in an associate
\nor jointly controlled entity.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag167": {
"value": "\nBusiness combinations
\n
\nAcquisitions of subsidiaries and businesses are accounted for using the acquisition method. The consideration of each
\nacquisition is measured as the aggregate of the fair values (at the date of exchange) of assets given, liabilities incurred
\nor assumed, and equity instruments issued by the Group in exchange for control of the acquiree. Acquisition related
\ncosts are recognized in profit or loss as incurred.
\n
\nWhere applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent
\nconsideration arrangement, measured at its acquisition date fair value. Subsequent changes in such fair values are
\nadjusted against the cost of acquisition where they qualify as measurement period adjustments. All other subsequent
\nchanges in the fair value of contingent consideration classified as an asset or liability are accounted for in accordance
\nwith relevant IFRSs. Changes in the fair value of contingent consideration classified as equity are not recognized.
\n
\nThe acquiree\u2019s identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition under
\nIFRS 3 are recognized at their fair value at the acquisition date, except that:
\n
\n
\n\u2022 deferred tax assets or liabilities and liabilities or assets related to employee benefit arrangements are
\nrecognized and measured in accordance with IAS 12 Income Taxes and IAS 19 Employee Benefits respectively;
\n
\n\u2022 liabilities or equity instruments related to the replacement by the Group of an acquiree\u2019s share based payment
\nawards are measured in accordance with IFRS 2 Share based payment; and
\n
\n\u2022 assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Noncurrent Assets
\nHeld for Sale and Discontinued Operations are measured in accordance with that Standard.
\n
\n\n
\n\nNon-controlling interests in subsidiaries are identified separately from the Group\u2019s equity therein. The interests of non-
\ncontrolling shareholders may be initially measured either at fair value or at the non-controlling interests\u2019 proportionate
\nshare of the fair value of the acquiree\u2019s identifiable net assets. The choice of measurement basis is made on an
\nacquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the
\namount of those interests at initial recognition plus the non-controlling interests\u2019 share of subsequent changes in equity.
\nTotal comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests
\nhaving a deficit balance.
\n
\n\n
\nChanges in the Group\u2019s ownership interests in existing subsidiaries
\n
\nChanges in the Group's ownership interests in subsidiaries that do not result in the Group losing control over the
\nsubsidiaries are accounted for as equity transactions. The carrying amounts of the Group's interests and the
\nnon-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference
\nbetween the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid
\nor received is recognized directly in equity and attributed to the owners of the Company.
\n
\nWhen the Group loses control of a subsidiary, it derecognizes the assets and liabilities of the subsidiary and any related
\nNCI and other components of equity. The profit or loss on disposal is calculated as the difference between:
\n
\n(i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the
\nprevious carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling
\ninterests. Amounts previously recognized in other comprehensive income in relation to the subsidiary are accounted
\nfor in the same manner as would be required if the relevant assets or liabilities were disposed of (i.e. reclassified to
\nprofit or loss or transferred directly to retained earnings). The fair value of any investment retained in the former
\nsubsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting
\nunder IFRS 9 Financial Instruments or, when applicable, the cost on initial recognition of an investment in an associate
\nor jointly controlled entity.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag168": {
"value": "\nNon-controlling interests in subsidiaries are identified separately from the Group\u2019s equity therein. The interests of non-
\ncontrolling shareholders may be initially measured either at fair value or at the non-controlling interests\u2019 proportionate
\nshare of the fair value of the acquiree\u2019s identifiable net assets. The choice of measurement basis is made on an
\nacquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the
\namount of those interests at initial recognition plus the non-controlling interests\u2019 share of subsequent changes in equity.
\nTotal comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests
\nhaving a deficit balance.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag169": {
"value": "\n
\n\n
\n\n
\n\nInvestments in subsidiary and associates
\n
\nIn the individual accounts of the Company, investments in subsidiary, associate and jointly controlled companies are
\npresented at cost less provision for impairment. The Group\u2019s interests in equity-accounted investees comprise interests
\nin associates. Associates are those entities in which the Group has significant influence, but not control or joint control,
\nover the financial and operating policies. Significant influence is presumed to exist when the Group holds between 20%
\nand 50% of the voting power of another entity. Interest in associates is accounted for using the equity method and is
\nrecognized initially at cost. The cost of the investment includes transaction costs.
\n
\nThe consolidated financial statements include the Group\u2019s share of the profit or loss and other comprehensive income
\nof equity accounted investees from the date that significant influence commences until the date that significant
\ninfluence ceases. When the Group\u2019s share of losses exceeds its interest in an equity-accounted investee, the carrying
\namount of that interest including any long-term investments, is reduced to zero, and the recognition of further losses
\nis discontinued, except to the extent that the Group has an obligation or has made payments on behalf of the investee.
\n
\n\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag170": {
"value": "\n
\n\n
\n\nInvestments in subsidiary and associates
\n
\nIn the individual accounts of the Company, investments in subsidiary, associate and jointly controlled companies are
\npresented at cost less provision for impairment. The Group\u2019s interests in equity-accounted investees comprise interests
\nin associates. Associates are those entities in which the Group has significant influence, but not control or joint control,
\nover the financial and operating policies. Significant influence is presumed to exist when the Group holds between 20%
\nand 50% of the voting power of another entity. Interest in associates is accounted for using the equity method and is
\nrecognized initially at cost. The cost of the investment includes transaction costs.
\n
\nThe consolidated financial statements include the Group\u2019s share of the profit or loss and other comprehensive income
\nof equity accounted investees from the date that significant influence commences until the date that significant
\ninfluence ceases. When the Group\u2019s share of losses exceeds its interest in an equity-accounted investee, the carrying
\namount of that interest including any long-term investments, is reduced to zero, and the recognition of further losses
\nis discontinued, except to the extent that the Group has an obligation or has made payments on behalf of the investee.
\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag171": {
"value": "\n
\n\nInvestments in subsidiary and associates
\n
\nIn the individual accounts of the Company, investments in subsidiary, associate and jointly controlled companies are
\npresented at cost less provision for impairment. The Group\u2019s interests in equity-accounted investees comprise interests
\nin associates. Associates are those entities in which the Group has significant influence, but not control or joint control,
\nover the financial and operating policies. Significant influence is presumed to exist when the Group holds between 20%
\nand 50% of the voting power of another entity. Interest in associates is accounted for using the equity method and is
\nrecognized initially at cost. The cost of the investment includes transaction costs.
\n
\nThe consolidated financial statements include the Group\u2019s share of the profit or loss and other comprehensive income
\nof equity accounted investees from the date that significant influence commences until the date that significant
\ninfluence ceases. When the Group\u2019s share of losses exceeds its interest in an equity-accounted investee, the carrying
\namount of that interest including any long-term investments, is reduced to zero, and the recognition of further losses
\nis discontinued, except to the extent that the Group has an obligation or has made payments on behalf of the investee.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag172": {
"value": "\nInvestments in subsidiary and associates
\n
\nIn the individual accounts of the Company, investments in subsidiary, associate and jointly controlled companies are
\npresented at cost less provision for impairment. The Group\u2019s interests in equity-accounted investees comprise interests
\nin associates. Associates are those entities in which the Group has significant influence, but not control or joint control,
\nover the financial and operating policies. Significant influence is presumed to exist when the Group holds between 20%
\nand 50% of the voting power of another entity. Interest in associates is accounted for using the equity method and is
\nrecognized initially at cost. The cost of the investment includes transaction costs.
\n
\nThe consolidated financial statements include the Group\u2019s share of the profit or loss and other comprehensive income
\nof equity accounted investees from the date that significant influence commences until the date that significant
\ninfluence ceases. When the Group\u2019s share of losses exceeds its interest in an equity-accounted investee, the carrying
\namount of that interest including any long-term investments, is reduced to zero, and the recognition of further losses
\nis discontinued, except to the extent that the Group has an obligation or has made payments on behalf of the investee.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag173": {
"value": "\n
\n\nFinancial assets at fair value through other comprehensive income (FVOCI)
\n
\nThe Group accounts for financial assets at FVOCI if the assets meet the following conditions:
\n
\n- They are held under a business model whose objective it is \u201chold to collect\u201d the associated cash flows and
\nsell, and
\n- The contractual terms of the financial assets give rise to cash flows that are solely payments of principal and
\ninterest on the principal amount outstanding.
\n
\nAny gains or losses recognized in other comprehensive income will be transfer to profit and loss upon derecognition of
\nthe asset.
\n
\n\n
\n\n
\nFinancial instruments
\n
\nFinancial assets and financial liabilities are recognized when a Group entity becomes a party to the contractual
\nprovisions of the instrument.
\n
\nFinancial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable
\nto the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities
\nat fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial
\nliabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial
\nassets or financial liabilities at fair value through profit or loss are recognized immediately in profit or loss.
\n
\n\nFinancial assets
\n
\nAll regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular
\nway purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame
\nestablished by regulation or convention in the marketplace.
\n
\n
\nAll recognized financial assets are measured subsequently in their entirety at either amortized cost or fair value,
\ndepending on the classification of the financial assets.
\n
\n(i)
\n
\nClassification and subsequent measurement
\n
\nOn initial recognition, a financial asset is classified as measured at: amortized cost; Fair Value through Other
\nComprehensive Income \u2013 debt investment; Fair Value through Other Comprehensive Income \u2013 equity investment; or
\nFair value through profit or loss.
\n
\n\n
\n\n
\n\n\n
\n
\n
\nFinancial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model
\nfor managing financial assets, in which case all affected financial assets are reclassified on the first day of the first
\nreporting period following the change in the business model.
\n
\n\u2022
\nFinancial assets at FVTPL
\n
\nThese assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income,
\nare recognized in profit or loss.
\n
\n\u2022
\nFinancial assets at FVOCI
\n
\nThese assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income,
\nare recognized in other comprehensive income. On derecognition, gains and losses accumulated in OCI are reclassified
\nto profit or loss.
\n
\n\u2022
\nFinancial assets at amortized cost
\n
\nThese assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is
\nreduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in
\nprofit or loss. Any gain or loss on derecognition is recognized in profit or loss. Financial assets at amortized cost
\ncomprise of the following:
\n
\n\nTrade receivables including factored trade receivables
\n
\nThe Group enters into various invoice discounting agreements with factoring companies from which a percentage of
\napproved invoices are collected in advance. The invoices which are given for collection in advance are with recourse
\nand included within trade receivables, whereas the amount collected from the factoring Company is presented in the
\nstatement of financial position under current liabilities until the date of settlement by the debtors. Factoring expenses
\nare charged to the statement of comprehensive income.
\n
\n\n
\n\nLoans granted
\n
\nLoans granted by the Company to the borrower are categorized as loans. All loans are recognized when cash is
\nadvanced to the borrower.
\n
\n\n
\n\nCash and cash equivalents
\n
\nThe Group considers all short-term highly liquid instruments with maturities of 3 months or less which are subject to
\ninsignificant risk of changes in value to be cash equivalents.
\n
\n\u2022
\nDebt investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Interest income calculated using the effective interest method,
\nforeign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are
\nrecognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss.
\n
\n\u2022
\nEquity investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the
\ndividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized
\nin OCI and are never reclassified to profit or loss.
\n\n\n
\n\n
\n\n
\n
\n\n
\n\n(ii)
\n
\nDerecognition
\n
\nThe Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire,
\nor it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and
\nrewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains
\nsubstantially all of the risks and rewards of ownership and it does not retain control of the financial assets.
\n
\nThe Group enters into transactions whereby it transfers assets recognized in its statement of financial position but
\nretains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred
\nassets are not derecognized.
\n
\n\n
\n\n
\n\n
\nFinancial liabilities
\n
\n(i)
\n
\nClassification and subsequent measurement
\n
\nFinancial liabilities are classified as measured at amortized cost or FVTPL. A financial liability is classified as at FVTPL if
\nit is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities
\nat FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognized in profit
\nor loss. Other financial liabilities are subsequently measured at amortized cost using the effective interest method.
\nInterest expense and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on
\nderecognition is also recognized in profit or loss.
\n
\n\nFinancial guarantee contracts
\n
\nA financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder
\nfor a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms of a debt
\ninstrument.
\n
\nFinancial guarantee contracts issued by the Company/Group are accounted for and measured initially at their fair
\nvalues, and subsequently measured at the higher of:
\n
\n\u2022 the amount of the obligation under the contract, as determined in accordance with IAS 37 Provisions,
\nContingent Liabilities and Contingent Assets and
\n\u2022 the amount initially recognized less, where appropriate, cumulative amortization recognized in accordance
\nwith the revenue recognition policies as set out below.
\nAs at each reporting date presented in these financial statements, the Company participates in financial guarantee
\ncontracts and provide financial guarantees to its subsidiaries.
\nTo be classified as a financial guarantee contract, a contract needs to comply with all of the following conditions:
\n\u2022 The reference obligation is a debt instrument.
\n\u2022 The holder is compensated only for a loss that it incurs.
\n\u2022 The contract does not compensate the holder for more than the actual loss that it incurs.
\nFinancial guarantee contract in the scope of IFRS 9 is initially recognized at fair value. If the financial guarantee contract
\nwas issued in a stand-alone arm\u2019s length transaction to an unrelated party, then its fair value at inception is considered
\nto be equal to the premium received unless there is evidence to the contrary.
\nIn the case of a guarantee provided by the Company over the liability of a subsidiary, when no consideration is or will
\nbe received, the Company recognize a liability in its financial statements for the fair value of the guarantee at the date
\nof granting the financial guarantee and the respective increase in the cost of the investment in subsidiary.
\n
\n\n
\n\n
\n\n
\n
\n
\n
\n
\n
\n
\n\n
\nSubsequently, all financial guarantee contracts mentioned above are measured at the higher of:
\n\u2022 the amount of the loss allowance determined in accordance with IFRS 9 over the loan balance as at reporting
\ndate; and
\n\u2022 the amount initially recognized less, when appropriate, the cumulative amount of income recognized in
\naccordance with the principles of IFRS 15.
\n\nFee income recognized in accordance with the principles of IFRS 15 is posted within \u201cfinance income\u201d caption of
\nstatement of profit and loss and other comprehensive income.
\n
\n\nAny gain or loss caused by remeasurement of guarantee liabilities is posted through respective \u201cfinance income\u201d and
\n\u201cfinance expenses\u201d captions of statement of profit and loss and other comprehensive income.
\n
\n\n
\n\nBank borrowings
\n
\nInterest-bearing bank loans and overdrafts are recorded at the proceeds received, net of direct issue costs. Finance
\ncharges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an
\naccrual basis to the income statement using the effective interest method and are added to the carrying amount of
\nthe instrument to the extent that they are not settled in the period in which they arise.
\n
\n\n
\n\n(ii)
\nDerecognition
\n
\n
\nThe Group derecognizes a financial liability when its contractual obligations are discharged or cancelled or expire. The
\nGroup also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are
\nsubstantially different, in which case a new financial liability based on the modified terms is recognized at fair value.
\n
\nOn derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration
\npaid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.
\n
\n\n
\nEffective interest method
\n
\nThe effective interest method is a method of calculating the amortized cost of a financial asset or liability and allocating
\ninterest income or expense over the relevant period. The effective interest rate is the rate that exactly discounts
\nestimated future cash flows (including all fees on points paid or received that form an integral part of the effective
\ninterest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset or
\nliability, or, where appropriate, a shorter period.
\n
\n\nEquity instruments
\n
\nAn equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of
\nits liabilities. Equity instruments issued by the Group are recorded at the proceeds received, net of direct issue costs.
\n
\nRepurchase of the Company\u2019s own equity instruments is recognized and deducted directly in equity. No gain or loss is
\nrecognized in profit or loss on the purchase, sale, issue or cancellation of the Company\u2019s own equity instruments.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag174": {
"value": "\nFinancial assets at fair value through other comprehensive income (FVOCI)
\n
\nThe Group accounts for financial assets at FVOCI if the assets meet the following conditions:
\n
\n- They are held under a business model whose objective it is \u201chold to collect\u201d the associated cash flows and
\nsell, and
\n- The contractual terms of the financial assets give rise to cash flows that are solely payments of principal and
\ninterest on the principal amount outstanding.
\n
\nAny gains or losses recognized in other comprehensive income will be transfer to profit and loss upon derecognition of
\nthe asset.
\n
\n\nFinancial assets
\n
\nAll regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular
\nway purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame
\nestablished by regulation or convention in the marketplace.
\n
\n
\nAll recognized financial assets are measured subsequently in their entirety at either amortized cost or fair value,
\ndepending on the classification of the financial assets.
\n
\n(i)
\n
\nClassification and subsequent measurement
\n
\nOn initial recognition, a financial asset is classified as measured at: amortized cost; Fair Value through Other
\nComprehensive Income \u2013 debt investment; Fair Value through Other Comprehensive Income \u2013 equity investment; or
\nFair value through profit or loss.
\n
\n\n\n
\n
\n
\nFinancial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model
\nfor managing financial assets, in which case all affected financial assets are reclassified on the first day of the first
\nreporting period following the change in the business model.
\n
\n\u2022
\nFinancial assets at FVTPL
\n
\nThese assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income,
\nare recognized in profit or loss.
\n
\n\u2022
\nFinancial assets at FVOCI
\n
\nThese assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income,
\nare recognized in other comprehensive income. On derecognition, gains and losses accumulated in OCI are reclassified
\nto profit or loss.
\n
\n\u2022
\nFinancial assets at amortized cost
\n
\nThese assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is
\nreduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in
\nprofit or loss. Any gain or loss on derecognition is recognized in profit or loss. Financial assets at amortized cost
\ncomprise of the following:
\n
\n\nTrade receivables including factored trade receivables
\n
\nThe Group enters into various invoice discounting agreements with factoring companies from which a percentage of
\napproved invoices are collected in advance. The invoices which are given for collection in advance are with recourse
\nand included within trade receivables, whereas the amount collected from the factoring Company is presented in the
\nstatement of financial position under current liabilities until the date of settlement by the debtors. Factoring expenses
\nare charged to the statement of comprehensive income.
\n
\n\n
\n\nLoans granted
\n
\nLoans granted by the Company to the borrower are categorized as loans. All loans are recognized when cash is
\nadvanced to the borrower.
\n
\n\n
\n\nCash and cash equivalents
\n
\nThe Group considers all short-term highly liquid instruments with maturities of 3 months or less which are subject to
\ninsignificant risk of changes in value to be cash equivalents.
\n
\n\u2022
\nDebt investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Interest income calculated using the effective interest method,
\nforeign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are
\nrecognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss.
\n
\n\u2022
\nEquity investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the
\ndividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized
\nin OCI and are never reclassified to profit or loss.
\n\n\n
\n\n
\n\n(ii)
\n
\nDerecognition
\n
\nThe Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire,
\nor it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and
\nrewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains
\nsubstantially all of the risks and rewards of ownership and it does not retain control of the financial assets.
\n
\nThe Group enters into transactions whereby it transfers assets recognized in its statement of financial position but
\nretains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred
\nassets are not derecognized.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag175": {
"value": "\n
\n\nGoodwill
\n
\nGoodwill arising in a business combination is recognized as an asset at the date that control is acquired (the acquisition
\ndate). Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any
\nnon-controlling interests in the acquiree, and the fair value of the acquirer\u2019s previously held equity interest in the
\nacquiree (if any) over the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities
\nassumed.
\n
\nIf, after reassessment, the Group\u2019s interest in the fair value of the acquiree\u2019s identifiable net assets exceeds the sum
\nof the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the
\nacquirer\u2019s previously held equity interest in the acquiree (if any), the excess is recognized immediately in profit or loss
\nas a bargain purchase gain.
\n
\nFor the purpose of impairment testing, goodwill is allocated to each of the Group\u2019s cash-generating units expected to
\nbenefit from the synergies of the combination.
\n
\nCash-generating units to which goodwill has been allocated are tested for impairment annually, or more frequently
\nwhen there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is
\nless than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill
\nallocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset
\nin the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period.
\n
\nOn disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the profit or loss on
\ndisposal.
\n
\n\n
\n\n
\n\nIntangible assets
\n
\nIntangible assets consist of computer software, patents and licenses which are stated at cost less accumulated
\namortization and accumulated impairment losses. Amortization is provided at rates calculated to write off the cost less
\nthe estimated residual value of the assets using the straight-line method as follows:
\n
\nComputer software
\n3 - 10 years
\nPatents and licenses
\n3 years
\n
\nThe estimated useful life and amortization method are reviewed at the end of each reporting period, with the effect of
\nany changes in estimate being accounted for on a prospective basis.
\n
\nAn intangible asset is derecognized on disposal, or when no future economic benefits are expected from use. Gains or
\nlosses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds
\nand the carrying amount of the asset, and are recognized in profit or loss when the asset is derecognized.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag176": {
"value": "\nGoodwill
\n
\nGoodwill arising in a business combination is recognized as an asset at the date that control is acquired (the acquisition
\ndate). Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any
\nnon-controlling interests in the acquiree, and the fair value of the acquirer\u2019s previously held equity interest in the
\nacquiree (if any) over the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities
\nassumed.
\n
\nIf, after reassessment, the Group\u2019s interest in the fair value of the acquiree\u2019s identifiable net assets exceeds the sum
\nof the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the
\nacquirer\u2019s previously held equity interest in the acquiree (if any), the excess is recognized immediately in profit or loss
\nas a bargain purchase gain.
\n
\nFor the purpose of impairment testing, goodwill is allocated to each of the Group\u2019s cash-generating units expected to
\nbenefit from the synergies of the combination.
\n
\nCash-generating units to which goodwill has been allocated are tested for impairment annually, or more frequently
\nwhen there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is
\nless than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill
\nallocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset
\nin the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period.
\n
\nOn disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the profit or loss on
\ndisposal.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag177": {
"value": "\nSegmental reporting
\n
\nThe Group is organized by geographical segments and this is the primary format for segmental reporting. Each
\ngeographical segment is subject to risks and returns that are different from those of other segments.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag178": {
"value": "\nRevenue recognition
\n
\nThe Group recognizes revenue mainly from the following major sources:
\n
\n- Sale of goods
\n- Sale of optional warranties related to the aforementioned products
\n- Sale of software licenses
\n- Rendering of services
\n
\nRevenue is measured based on the consideration to which the Group expects to be entitled in a contract with a
\ncustomer. The Group recognizes revenue when it transfers control of a product to a customer.
\n
\nSale of goods
\n
\nThe Group sells IT components and finished products mainly to small-medium businesses and retail market. Revenue
\nrepresents amounts invoiced to customers in respect of sales of goods during the year and is stated net of trade
\ndiscounts, rebates, customer returns and other similar allowances. Based on historical data and using the \u201cmost likely
\namount\u201d method, the expected returns for the year were of insignificant value. Therefore, a significant reversal of
\nrevenue was not expected, and the effect of the returns was recorded as occurred.
\n
\n\nRevenue from the sale of goods is recognized when the control of the product is transferred to the customer. The point
\nin time at which the control is transferred and the performance obligation is considered as satisfied, is decided based
\non the incoterms of each sale of goods and also by considering the following indicators:
\n
\n\u2022 the entity has a present right to payment for the asset
\n\u2022 the customer has legal title to the asset
\n\u2022 the entity has transferred physical possession of the asset
\n\u2022 the customer has the significant risks and rewards related to the ownership of the asset and
\n\u2022 the customer has accepted the asset.
\n
\nMore specifically, for each of the most used incoterms, revenue is recognized at the following point in time:
\n
\n\u2022 Ex-works (EXW) - when the goods become available to the buyer
\n\u2022 Carriage-paid-to (CPT) \u2013 when the goods have been delivered to the carrier
\n\u2022 Carriage-and-insurance-paid-to (CIP) - when the goods have been delivered to the carrier
\n\u2022 Free carrier (FCA) - when the goods have been delivered to the carrier at the named place or point
\n
\nSale of optional warranties
\n
\nThe Group sells optional warranties only when the vendor offers this option. The Group enters into agreements with
\npurchasers of its goods to perform necessary repairs falling outside of the products standard warranty period. Since it
\nis the vendor that has the ultimate liability regarding the optional warranties sold, the performance obligation is
\nconsidered satisfied upon sale and the related revenue is recognized immediately
\n
\n
\nSale of software licenses
\n
\n
\nThe Group sells licenses only for software created by third parties. Software licenses are neither customized nor subject
\nto significant integration services by the Group. Since the Group only acts just as the distributor of the licenses, the
\nperformance obligation is considered satisfied upon sale and the related revenue is recognized immediately.
\n
\nRendering of services
\n
\n
\nThe Group provides mainly Value-Added Services (VAD) relating to the sale of IT components and finished products
\nwhen the vendor offers this option. The Group enters into fixed price maintenance contracts with its customers between
\none and three years in length. Customers are required to pay in advance for each twelve-month service period and
\nthe relevant payment due dates are specified in each contract. Since it is the vendor that has the ultimate liability
\nregarding the services sold, the performance obligation is considered satisfied upon sale and the related revenue is
\nrecognized immediately.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag179": {
"value": "\n
\nDividend and interest income
\n
\nDividend income from investments is recognized when the Company\u2019s right to receive payment has been established.
\n
\n\nInterest income is recognized when it is probable that the economic benefits will flow to the Group and the Company
\nand the amount of revenue can be measured reliably.
\n
\nInterest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate
\napplicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the
\nfinancial asset to that asset\u2019s net carrying amount.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag180": {
"value": "\nInterest income is recognized when it is probable that the economic benefits will flow to the Group and the Company
\nand the amount of revenue can be measured reliably.
\n
\nInterest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate
\napplicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the
\nfinancial asset to that asset\u2019s net carrying amount.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag181": {
"value": "\nBorrowing costs
\n
\nAll borrowing costs are recognized in the income statement in the period in which they are incurred using the effective
\ninterest method.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag182": {
"value": "\nEmployee benefits
\n
\nDefined contribution pension plans
\n
\nA defined contribution plan, the Employee Provident Fund, is a post-employment benefit plan under which the Company
\npays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts.
\nThe Company operates a defined contribution scheme, the assets of which are held in a separate trustee-administered
\nfund. Obligations for contributions to defined contribution pension plans are recognized as staff costs in the statement
\nof comprehensive income in the year during which services are rendered by employees.
\n
\nContributions to the Government Social Insurance Fund
\n
\nThe Group/Company and the employees contribute to the Government Social Insurance Fund at the prevailing statutory
\nrate which is applied on employees' salaries. The scheme is funded by payments from employees and by the
\nGroup/Company. The Group\u2019s/Company's contributions are expensed as incurred and are included in staff costs. The
\nGroup/Company has no further payment obligations once the contributions have been paid. Prepaid contributions are
\nrecognized as an asset to the extent that a cash refund or a reduction in the future payments is available.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag183": {
"value": "\nShare-based payment transactions
\n
\nThe grant-date fair value of share-based payment awards granted to employees is recognized as an employee expense,
\nwith a corresponding increase in equity, over the period that the employees become unconditionally entitled to the
\nawards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service
\nand non-market performance conditions are expected to be met, such that the amount ultimately recognized as an
\nexpense is based on the number of awards that meet the related service and non-market performance conditions at
\nthe vesting date. For share-based payment awards with non-vesting conditions, the grant-date fair value of the
\nshare-based payment is measured to reflect such conditions and there is no true-up for differences between expected
\nand actual outcomes.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag184": {
"value": "\nForeign currencies
\n
\nThe individual financial statements of each Group entity are presented in the currency of the primary economic
\nenvironment in which the entity operates (its functional currency). For the purpose of the consolidated financial
\nstatements, the results and financial position of each entity are expressed in United States Dollars (US$), which is the
\nfunctional currency of the Company and the presentation currency for both the consolidated and separate financial
\nstatements.
\n
\nIn preparing the financial statements of the individual entities, transactions in currencies other than the entity\u2019s
\nfunctional currency (foreign currencies) are recorded at the rates of exchange prevailing at the dates of the
\ntransactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated
\nat the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies
\nare retranslated at the rates prevailing at the date when the fair value was determined. Non-monetary items are
\nmeasured in terms of historical cost in a foreign currency and are not retranslated.
\n
\nExchange differences are recognized in the profit and loss in the period in which they arise. For the purpose of
\npresenting consolidated financial statements, the assets and liabilities of the Group\u2019s foreign operations are expressed
\nin United States Dollars using exchange rates prevailing at the end of the reporting period. Income and expense items
\nare translated at the average exchange rates for the period, unless exchange rates fluctuated significantly during the
\nperiod, in which case the exchange rates at the date of the transactions are used. Exchange differences arising, if any,
\nare recognized in other comprehensive income and accumulated in equity (attributed to non-controlling interests as
\nappropriate).
\n
\nOn the disposal of a foreign operation (i.e. a disposal of the Group\u2019s entire interest in a foreign operation, or a disposal
\ninvolving loss of control over a subsidiary that includes a foreign operation, loss of joint control over a jointly controlled
\nentity that includes a foreign operation, or loss of significant influence over an associate that includes a foreign
\noperation), all of the accumulated exchange differences in respect of that operation attributable to the Group are
\nreclassified to profit or loss. Any exchange differences that have previously been attributed to non-controlling interests
\nare reclassified to other comprehensive income.
\n
\nGoodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities
\nof the foreign operation and translated at the closing rate.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag185": {
"value": "\n
\nTax
\n
\nIncome tax expense represents the sum of the tax currently payable and deferred tax.
\n
\nCurrent tax
\n
\nThe tax currently payable is based on taxable profit for the year. Taxable profit differs from profit reported in the
\nincome statement because it excludes items of income or expenses that are taxable or deductible in other years and
\nit further excludes items that are never taxable or deductible. The Group\u2019s liability for current tax is calculated using
\nthe tax rates that have been enacted or substantively enacted by the end of the reporting period.
\n
\n\nDeferred tax
\n
\nDeferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the
\nfinancial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities
\nare generally recognized for all taxable temporary differences, and deferred tax assets are generally recognized for all
\ndeductible temporary differences to the extent that it is probable that taxable profits will be available against which
\nthose deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if
\nthe temporary differences arise from goodwill or from the initial recognition (other than in a business combination) of
\nother assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.
\n
\nThe carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent
\nthat it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be
\nrecovered.
\n
\nDeferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the
\nliability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantially
\nenacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax
\nconsequences that would follow from the manner in which the Group expects, at the end of the reporting period, to
\nrecover or settle the carrying amount of its assets and liabilities.
\n
\nDeferred tax assets and liabilities are offset when there is legally enforceable right to set off current tax assets against
\ncurrent tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends
\nto settle its current tax assets and liabilities on a net basis.
\n
\n
\nCurrent and deferred tax for the period
\n
\nCurrent and deferred tax are recognized as an expense or income in profit or loss, except when they relate to items
\nthat are recognized in other comprehensive income, in which case the tax is also recognized in equity.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag186": {
"value": "\nDeferred tax
\n
\nDeferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the
\nfinancial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities
\nare generally recognized for all taxable temporary differences, and deferred tax assets are generally recognized for all
\ndeductible temporary differences to the extent that it is probable that taxable profits will be available against which
\nthose deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if
\nthe temporary differences arise from goodwill or from the initial recognition (other than in a business combination) of
\nother assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.
\n
\nThe carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent
\nthat it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be
\nrecovered.
\n
\nDeferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the
\nliability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantially
\nenacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax
\nconsequences that would follow from the manner in which the Group expects, at the end of the reporting period, to
\nrecover or settle the carrying amount of its assets and liabilities.
\n
\nDeferred tax assets and liabilities are offset when there is legally enforceable right to set off current tax assets against
\ncurrent tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends
\nto settle its current tax assets and liabilities on a net basis.
\n
\n
\nCurrent and deferred tax for the period
\n
\nCurrent and deferred tax are recognized as an expense or income in profit or loss, except when they relate to items
\nthat are recognized in other comprehensive income, in which case the tax is also recognized in equity.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag187": {
"value": "\nDividend distribution
\n
\nDividend distribution to the shareholders is recognized in the financial statements in the year in which dividends are
\ndeclared.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag188": {
"value": "\nProperty, plant and equipment
\n
\nProperty, plant and equipment are carried at cost less accumulated depreciation and any accumulated impairment
\nlosses.
\n
\nProperties in the course of construction for production, rental or administrative purposes, are carried at cost less any
\nrecognized impairment loss. Such properties are classified to the appropriate categories of property, plant and
\nequipment when completed and are ready for their intended use. Depreciation of these assets, on the same basis as
\nother property assets, commences when the assets are ready for their intended use.
\n
\n\n\n
\n\nDepreciation is provided at rates calculated to write off the cost less the estimated residual value of property, plant
\nand equipment (other than freehold land and properties under construction) on a straight-line basis over their
\nestimated useful economic lives as follows:
\n
\n
\nLeasehold property
\nOver the remaining period of the right for usage of the land
\nBuildings
\n46 - 100 years
\nComputer hardware
\n5 years
\nWarehouse machinery
\n3 - 5 years
\nMotor vehicles
\n5 years
\nFurniture, fittings and office equipment
\n10 years
\n
\nNo depreciation is provided on land.
\n\n\n
\nAn item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are
\nexpected to arise from the continued use of the asset.
\n
\nThe gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the
\ndifference between the sale proceeds and the carrying amount of the asset and is recognized in the profit and loss
\nwhen the asset is disposed.
\n
\nThe estimated useful life and depreciation method are reviewed at the end of each annual reporting period, with the
\neffect of any changes in estimate being accounted for on a prospective basis.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag189": {
"value": "\nDepreciation is provided at rates calculated to write off the cost less the estimated residual value of property, plant
\nand equipment (other than freehold land and properties under construction) on a straight-line basis over their
\nestimated useful economic lives as follows:
\n
\n
\nLeasehold property
\nOver the remaining period of the right for usage of the land
\nBuildings
\n46 - 100 years
\nComputer hardware
\n5 years
\nWarehouse machinery
\n3 - 5 years
\nMotor vehicles
\n5 years
\nFurniture, fittings and office equipment
\n10 years
\n
\nNo depreciation is provided on land.
\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag190": {
"value": "\nIntangible assets
\n
\nIntangible assets consist of computer software, patents and licenses which are stated at cost less accumulated
\namortization and accumulated impairment losses. Amortization is provided at rates calculated to write off the cost less
\nthe estimated residual value of the assets using the straight-line method as follows:
\n
\nComputer software
\n3 - 10 years
\nPatents and licenses
\n3 years
\n
\nThe estimated useful life and amortization method are reviewed at the end of each reporting period, with the effect of
\nany changes in estimate being accounted for on a prospective basis.
\n
\nAn intangible asset is derecognized on disposal, or when no future economic benefits are expected from use. Gains or
\nlosses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds
\nand the carrying amount of the asset, and are recognized in profit or loss when the asset is derecognized.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag191": {
"value": "\nInvestment Property
\nInvestment property comprises a number of commercial properties that are leased to third parties. Investment property
\ninitially measured at cost less accumulated depreciation and any accumulated impairment losses (note 10). Rental
\nincome from investment property is recognized as \u201cother gains and losses\u201d on a straight-line basis over the term of
\nthe lease. An investment property is derecognized upon disposal or when the investment property is permanently
\nwithdrawn from use and no future economic benefits are expected from the continued use of the asset. Any gain or
\nloss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the
\ncarrying amount of the asset) is included in profit or loss in the period in which the property is derecognized.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag192": {
"value": "\nRepairs and maintenance
\n
\nExpenditure for repairs and maintenance of property, plant and equipment and costs associated with maintenance of
\ncomputer software programs are recognized as an expense as incurred.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag193": {
"value": "\nImpairment of tangible and intangible assets excluding goodwill
\n
\nAt the end of each reporting period, the Group and the Company reviews the carrying amounts of its tangible and
\nintangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If
\nany such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
\nimpairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Group
\nand the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Where a
\nreasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual
\ncash-generating units, or otherwise they are allocated to the smallest Group of cash-generating units for which a
\nreasonable and consistent basis of allocation is identified.
\n
\nRecoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the
\nestimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current
\nmarket assessments of the time value of money and the risks specific to the asset for which the estimated of future
\ncash flows have not been adjusted.
\n
\nIf the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the
\ncarrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is
\nrecognized immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the
\nimpairment loss is treated as a revaluation decrease.
\n
\nWhere an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is
\nincreased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed
\nthe carrying amount that would have been determined had no impairment loss been recognized for the asset (or
\ncash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss, unless
\nthe relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a
\nrevaluation increase.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag194": {
"value": "\nTrade receivables including factored trade receivables
\n
\nThe Group enters into various invoice discounting agreements with factoring companies from which a percentage of
\napproved invoices are collected in advance. The invoices which are given for collection in advance are with recourse
\nand included within trade receivables, whereas the amount collected from the factoring Company is presented in the
\nstatement of financial position under current liabilities until the date of settlement by the debtors. Factoring expenses
\nare charged to the statement of comprehensive income.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag195": {
"value": "\nLoans granted
\n
\nLoans granted by the Company to the borrower are categorized as loans. All loans are recognized when cash is
\nadvanced to the borrower.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag196": {
"value": "\nCash and cash equivalents
\n
\nThe Group considers all short-term highly liquid instruments with maturities of 3 months or less which are subject to
\ninsignificant risk of changes in value to be cash equivalents.
\n
\n\u2022
\nDebt investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Interest income calculated using the effective interest method,
\nforeign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are
\nrecognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss.
\n
\n\u2022
\nEquity investments at FVOCI
\n
\nThese assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the
\ndividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized
\nin OCI and are never reclassified to profit or loss.
\n\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag197": {
"value": "\n(ii)
\n
\nDerecognition
\n
\nThe Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire,
\nor it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and
\nrewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains
\nsubstantially all of the risks and rewards of ownership and it does not retain control of the financial assets.
\n
\nThe Group enters into transactions whereby it transfers assets recognized in its statement of financial position but
\nretains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred
\nassets are not derecognized.
\n
\n\n(ii)
\nDerecognition
\n
\n
\nThe Group derecognizes a financial liability when its contractual obligations are discharged or cancelled or expire. The
\nGroup also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are
\nsubstantially different, in which case a new financial liability based on the modified terms is recognized at fair value.
\n
\nOn derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration
\npaid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag198": {
"value": "\n
\nFinancial liabilities
\n
\n(i)
\n
\nClassification and subsequent measurement
\n
\nFinancial liabilities are classified as measured at amortized cost or FVTPL. A financial liability is classified as at FVTPL if
\nit is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities
\nat FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognized in profit
\nor loss. Other financial liabilities are subsequently measured at amortized cost using the effective interest method.
\nInterest expense and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on
\nderecognition is also recognized in profit or loss.
\n
\n\nFinancial guarantee contracts
\n
\nA financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder
\nfor a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms of a debt
\ninstrument.
\n
\nFinancial guarantee contracts issued by the Company/Group are accounted for and measured initially at their fair
\nvalues, and subsequently measured at the higher of:
\n
\n\u2022 the amount of the obligation under the contract, as determined in accordance with IAS 37 Provisions,
\nContingent Liabilities and Contingent Assets and
\n\u2022 the amount initially recognized less, where appropriate, cumulative amortization recognized in accordance
\nwith the revenue recognition policies as set out below.
\nAs at each reporting date presented in these financial statements, the Company participates in financial guarantee
\ncontracts and provide financial guarantees to its subsidiaries.
\nTo be classified as a financial guarantee contract, a contract needs to comply with all of the following conditions:
\n\u2022 The reference obligation is a debt instrument.
\n\u2022 The holder is compensated only for a loss that it incurs.
\n\u2022 The contract does not compensate the holder for more than the actual loss that it incurs.
\nFinancial guarantee contract in the scope of IFRS 9 is initially recognized at fair value. If the financial guarantee contract
\nwas issued in a stand-alone arm\u2019s length transaction to an unrelated party, then its fair value at inception is considered
\nto be equal to the premium received unless there is evidence to the contrary.
\nIn the case of a guarantee provided by the Company over the liability of a subsidiary, when no consideration is or will
\nbe received, the Company recognize a liability in its financial statements for the fair value of the guarantee at the date
\nof granting the financial guarantee and the respective increase in the cost of the investment in subsidiary.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag199": {
"value": "\nFinancial guarantee contracts
\n
\nA financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder
\nfor a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms of a debt
\ninstrument.
\n
\nFinancial guarantee contracts issued by the Company/Group are accounted for and measured initially at their fair
\nvalues, and subsequently measured at the higher of:
\n
\n\u2022 the amount of the obligation under the contract, as determined in accordance with IAS 37 Provisions,
\nContingent Liabilities and Contingent Assets and
\n\u2022 the amount initially recognized less, where appropriate, cumulative amortization recognized in accordance
\nwith the revenue recognition policies as set out below.
\nAs at each reporting date presented in these financial statements, the Company participates in financial guarantee
\ncontracts and provide financial guarantees to its subsidiaries.
\nTo be classified as a financial guarantee contract, a contract needs to comply with all of the following conditions:
\n\u2022 The reference obligation is a debt instrument.
\n\u2022 The holder is compensated only for a loss that it incurs.
\n\u2022 The contract does not compensate the holder for more than the actual loss that it incurs.
\nFinancial guarantee contract in the scope of IFRS 9 is initially recognized at fair value. If the financial guarantee contract
\nwas issued in a stand-alone arm\u2019s length transaction to an unrelated party, then its fair value at inception is considered
\nto be equal to the premium received unless there is evidence to the contrary.
\nIn the case of a guarantee provided by the Company over the liability of a subsidiary, when no consideration is or will
\nbe received, the Company recognize a liability in its financial statements for the fair value of the guarantee at the date
\nof granting the financial guarantee and the respective increase in the cost of the investment in subsidiary.
\n
\n\n
\nSubsequently, all financial guarantee contracts mentioned above are measured at the higher of:
\n\u2022 the amount of the loss allowance determined in accordance with IFRS 9 over the loan balance as at reporting
\ndate; and
\n\u2022 the amount initially recognized less, when appropriate, the cumulative amount of income recognized in
\naccordance with the principles of IFRS 15.
\n\nFee income recognized in accordance with the principles of IFRS 15 is posted within \u201cfinance income\u201d caption of
\nstatement of profit and loss and other comprehensive income.
\n
\n\nAny gain or loss caused by remeasurement of guarantee liabilities is posted through respective \u201cfinance income\u201d and
\n\u201cfinance expenses\u201d captions of statement of profit and loss and other comprehensive income.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag200": {
"value": "\nFee income recognized in accordance with the principles of IFRS 15 is posted within \u201cfinance income\u201d caption of
\nstatement of profit and loss and other comprehensive income.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag201": {
"value": "\nBank borrowings
\n
\nInterest-bearing bank loans and overdrafts are recorded at the proceeds received, net of direct issue costs. Finance
\ncharges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an
\naccrual basis to the income statement using the effective interest method and are added to the carrying amount of
\nthe instrument to the extent that they are not settled in the period in which they arise.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag202": {
"value": "\nInventories
\n
\nInventories comprise of:
\n
\n\u2022 IT products (components and finished products) which are stated at the lower of cost and net realizable value.
\nCost is determined on the basis of standard cost method for the price protected stock items and on the
\nweighted average cost method for the non-price protected stock items and comprises the cost of acquisition
\nplus any other costs that are incurred to bring the stock items to their present location and condition. Net
\nrealizable value represents the estimated selling price for inventories less all cost necessary to make the sale.
\n\u2022 Land under development which is carried at cost.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag203": {
"value": "\nProvisions
\n
\nA provision is recognized in the statement of financial position when the Company/Group has a legal or constructive
\npresent obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to
\nsettle the obligation, and a reliable estimate can be made of the amount of the obligation.
\n
\n\nThe amount recognized as a provision is the best estimate of the consideration required to settle the present obligation
\nat the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Where a
\nprovision is measured using the cash flow estimated to settle the present obligation, its carrying amount is the present
\nvalue of those cash flows.
\n
\nWhen some or all of the economic benefits required to settle a provision are expected to be recovered from a third
\nparty, the receivable is recognized as an asset if it is virtually certain that the reimbursement will be received and the
\namount of the receivable can be measured reliably.
\n
\nWarranties
\n
\nProvisions for the expected cost of warranty are recognized at the date of sale of the relevant products, at the Directors\u2019
\nbest estimate of the expenditure required to settle the Company\u2019s/Group\u2019s obligations.
\n
\nMarketing
\n
\nProvisions for the expected cost of marketing activities are recognized based on purchase of products, cost of goods
\nsold and other various vendors rebates depending on turnover and marketing strategy. Marketing provisions are mainly
\nused to support promotional and advertising related activities.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag204": {
"value": "\nImpairment
\nFinancial assets
\n
\n
\nThe Group uses 'expected credit loss' (ECL) model. This impairment model applies to financial assets measured at
\namortized cost, contract assets and debt instruments at FVOCI but not to investments in equity instruments. ECLs are
\nbased on the difference between the contractual cash flows due in accordance with the contract and all the cash flows
\nthat the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected
\ncash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the
\ncontractual terms.
\n
\nThe Group recognizes loss allowances for ECLs on financial assets measured at amortized cost.
\n
\nECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit
\nrisk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within
\nthe next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in
\ncredit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the
\nexposure, irrespective of the timing of the default (a lifetime ECL) due.
\n
\nFor trade receivables and contract assets, the Group applies a simplified approach in calculating ECLs. Therefore, the
\nGroup does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each
\nreporting date. The Group has established a provision matrix that is based on its historical credit loss experience,
\nadjusted for forward-looking factors specific to the debtors and the economic environment.
\n
\nAn impairment loss is calculated as the difference between an asset\u2019s carrying amount and the present value of the
\nestimated future cash flows discounted at the asset\u2019s original effective interest rate. Losses are recognized in profit or
\nloss. When the Group considers that there are no realistic prospects of recovery of the asset, the relevant amounts are
\nwritten off. If the amount of impairment loss subsequently decreases and the decrease can be related objectively to
\nan event occurring after the impairment was recognized, then the previously recognized impairment loss is reversed
\nthrough profit or loss.
\n
\nLoss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the
\nassets.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag205": {
"value": "\nNon-financial assets
\n
\n
\nAt each reporting date, the Group reviews the carrying amounts of its non-financial assets to determine whether there
\nis any indication that those assets have suffered an impairment loss. An impairment loss is recognized if the carrying
\namount of an asset or cash-generating unit (CGU) exceeds its recoverable amount. Where it is not possible to estimate
\nthe recoverable amount of an individual asset, the Group estimates the recoverable amount of the CGU to which the
\nasset belongs. Goodwill is tested annually for impairment.
\n
\nRecoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the
\nestimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current
\nmarket assessments of the time value of money and the risks specific to the asset.
\n
\nIf the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount
\nof the asset (CGU) is reduced to its recoverable amount. An impairment loss is recognized immediately in profit or loss,
\nunless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation
\ndecrease.
\n
\nWhere an impairment loss subsequently reverses, the carrying amount of the asset (CGU) is increased to the revised
\nestimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount
\nthat would have been determined had no impairment loss been recognized for the asset (CGU) in prior years. A reversal
\nof an impairment loss is recognized immediately in profit or loss, unless the relevant asset is carried at a revalued
\namount, in which case the reversal of the impairment loss is treated as a revaluation increase.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag206": {
"value": "\nLeases
\n
\nAt inception or on reassessment of a contract that contains a lease component, the Group and the Company allocates
\nthe consideration in the contract to each lease and non-lease component on the basis of their relative stand-alone
\nprices. However, for leases of properties in which it is a lessee, the Group and the Company elected not to separate
\ncomponents and will instead account for the lease and non-lease components as a single lease component.
\n
\nThe Group and the Company leases land and buildings and motor vehicles. As a lessee, the Group and the
\nCompany previously classified leases as operating or finance leased based on its assessment of whether the lease
\ntransferred substantially all the risks and rewards of ownership. Under IFRS 16, the Group and the Company recognizes
\nright-of-use assets and lease liabilities for most leases \u2013 i.e. these leases are on balance sheet. The Group and the
\nCompany presents lease liabilities in \u2018long-term borrowings\u2019 and \u2018short-term borrowings\u2019 in the statements of financial
\nposition.
\n
\nThe Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset
\nis initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments
\nmade at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle
\nand remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease
\nincentives received.
\nThe right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the
\nend of the lease term, unless the lease transfers ownership of the underlying asset to the Group/Company by the end
\nof the lease term or the cost of the right-of-use asset reflects that the Group/Company will exercise a purchase option.
\nIn that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined
\non the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by
\nimpairment losses, if any, and adjusted for certain remeasurements of the lease liability.
\nThe lease liability is initially measured at the present value of the lease payments that are not paid at the
\ncommencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily
\ndetermined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the
\ndiscount rate.
\n
\n\nThe Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources
\nand makes certain adjustments to reflect the terms of the lease and type of the asset leased.
\nLease payments included in the measurement of the lease liability comprise the following:
\n\u2022 fixed payments, including in-substance fixed payments;
\n\u2022 variable lease payments that depend on an index or a rate, initially measured using the index or rate as at
\nthe commencement date;
\n\u2022 amounts expected to be payable under a residual value guarantee; and
\n\u2022 the exercise price under a purchase option that the Group/Company is reasonably certain to exercise, lease
\npayments in an optional renewal period if the Group/Company is reasonably certain to exercise an extension
\noption, and penalties for early termination of a lease unless the Group/Company is reasonably certain not to
\nterminate early.
\nThe lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a
\nchange in future lease payments arising from a change in an index or rate, if there is a change in the Group/Company\u2019s
\nestimate of the amount expected to be payable under a residual value guarantee, if the Group/Company changes its
\nassessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance
\nfixed lease payment.
\nWhen the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the
\nright-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to
\nzero.
\nNon-recoverable VAT is excluded from lease accounting as VAT payments are not made to lessor in exchange for the
\nright to use an underlying asset. Instead, they are levies imposed by the government and are in the scope of IFRIC 21
\n(Levies) and are recognized when they are due under the tax law (when the invoice is issued). They are expensed in
\nStatement of profit or loss and other comprehensive income immediately at the moment they are recognized.
\nShort-term leases and leases of low-value assets
\nThe Group/Company has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets
\nand short-term leases. The Group/Company recognizes the lease payments associated with these leases as an expense
\non a straight-line basis over the lease term.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag207": {
"value": "\nCritical judgements in applying the entity\u2019s accounting policies and key sources of estimation
\nuncertainty
\n
\nThe preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates
\nand requires management to exercise its judgement in the process of applying the Group\u2019s accounting policies. It also
\nrequires the use of assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
\nassets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during
\nthe reporting period. Although these estimates are based on management\u2019s best knowledge of current events and
\nactions, actual results may ultimately differ from those estimates. The estimates and assumptions, that have a
\nsignificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
\nyear, are discussed below:
\n
\nRevenue recognition
\n
\nIn making its judgment, management considered the detailed criteria for the recognition of revenue from the sale of
\ngoods as set out in IFRS 15 Revenue from Contracts with Customers and, in particular, whether the Company/Group
\nhad transferred to the buyer the significant risks and rewards of ownership of the goods. The timing of the transfer of
\ncontrol is decided based on related incoterms. The management is satisfied that the significant risks and rewards have
\nbeen transferred and the recognition of the revenue in the current year is appropriate.
\n
\n\nProvision for bad and doubtful debts
\n
\nThe Company/Group reviews its trade and other receivables for evidence of their recoverability. Such evidence includes
\nthe customer\u2019s payment record, the customer\u2019s overall financial position and expected recovery from credit insurance.
\nIf indications of non-recoverability exist, the recoverable amount is estimated and a respective provision for bad and
\ndoubtful debts is made. The amount of the provision is charged through the income statement. The review of credit
\nrisk is continuous and the methodology and assumptions used for estimating the provision are reviewed regularly and
\nadjusted accordingly.
\n
\nCalculation of loss allowance
\n
\nWhen measuring ECL the Group uses reasonable and supportable forward-looking information, which is based on
\nassumptions for the future movement of different economic drivers and how these drivers will affect each other. Loss
\ngiven default is an estimate of the loss arising on default. It is based on the difference between the contractual cash
\nflows due and those that the lender would expect to receive, taking into account cash flows from collateral and integral
\ncredit enhancements.
\n
\nProbability of default constitutes a key input in measuring ECL. Probability of default is an estimate of the likelihood of
\ndefault over a given time horizon, the calculation of which includes historical data, assumptions and expectations of
\nfuture conditions. Loss rates are calculated separately for exposures in different segments which share common credit
\nrisk characteristics and are based on actual credit loss experience over the past four years. Significant customers, if
\nany, are assessed individually.
\n
\nProvision for obsolete and slow-moving inventory
\n
\nThe Company/Group reviews its inventory records for evidence regarding the salability of inventory and its net
\nrealizable value on disposal. The provision for obsolete and slow-moving inventory is based on management\u2019s past
\nexperience, taking into consideration arrangements with suppliers for price protection and for returning defective stock;
\nthe value of inventory as well as the movement and the level of stock of each category of inventory.
\nAny change in the amount of provision is recognized in the income statement. The review of the net realizable value
\nof the inventory is continuous and the methodology and assumptions used for estimating the provision for obsolete
\nand slow-moving inventory are reviewed regularly and adjusted accordingly.
\n
\nImpairment of investments in subsidiaries, associated and jointly controlled enterprises
\n
\nThe Group and Company periodically evaluates the recoverability of investments in subsidiaries, associates and jointly
\ncontrolled enterprises/jointly controlled enterprises whenever indicators of impairment are present. Indicators of
\nimpairment include such items as declines in revenues, earnings or cash flows or material adverse changes in the
\neconomic or political stability of a particular country, which may indicate that the carrying amount of an asset is not
\nrecoverable. If facts and circumstances indicate that the investment in subsidiaries/associates/jointly controlled
\nenterprises may be impaired, the estimated future undiscounted cash flows associated with these entities would be
\ncompared to their carrying amounts to determine if a write-down to fair value is necessary.
\n
\nWarranty provisions
\n
\nWarranty provisions represent the Company\u2019s/Group\u2019s best estimate of the liability as a result of the warranties granted
\non certain products and is based on past experience and industry averages for defective products.
\n
\nIncome taxes
\n
\nSignificant judgment is required in determining the provision for income taxes. There are transactions and calculations
\nfor which the ultimate tax determination is uncertain during the ordinary course of business. The Company/Group
\nrecognizes liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where
\nthe final tax outcome of these matters is different from the amounts that were initially recorded, such difference will
\nimpact the income tax and deferred tax provisions in the period in which such determination is made.
\n
\n\nTrade payables factoring facilities
\n
\nSignificant judgment is required in determining the appropriate presentation of supply-chain factoring facilities in the
\nstatement of financial position and statement of cash flow. The Group and the Company disclose the amounts factored
\nby suppliers separately from trade payables because the nature and function of the financial liabilities is sufficiently
\ndifferent from a trade payable that a separate presentation is appropriate. The payments to the bank are included
\nwithin operating cash flows because they continue to be part of the normal operating cycle of the Group and their
\nprincipal nature remains operating \u2013 i.e. payments for the purchase of goods and services.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag208": {
"value": "\n
\n\n3. Revenue
\n
\n3.1 Disaggregation of revenue from contracts with customers
\n
\nAnalysis of revenue by category under revenue from contracts with customers is disaggregated by products and service
\nlines:
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nSales of goods
\n2,654,543
\n3,042,908
\n1,778,909
\n2,198,742
\nSales of licenses
\n29,296
\n 29,359
\n9,022
\n6,393
\nRendering of services
\n 5,758
\n 5,339
\n -
\n -
\nSales of optional warranty
\n 442
\n 370
\n 34
\n 266
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\nRevenue analysis by geographical market
\n
\nThe Group and the Company
\n
\nThe Group operates as a trader and distributor of computer hardware and software in a number of geographical
\nregions. The following table shows an analysis of the Group\u2019s sales by geographical market, irrespective of the origin
\nof the goods.
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n1,407,196
\n1,774,834
\n1,011,366
\n1,273,119
\nCentral Eastern Europe
\n653,643
\n 654,117
\n385,931
\n491,477
\nMiddle East & Africa
\n407,717
\n 327,799
\n239,718
\n251,838
\nWestern Europe
\n183,088
\n 266,607
\n100,759
\n138,312
\nOther
\n 38,395
\n 54,619
\n 50,191
\n 50,655
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n
\n
\n
\n
\n
\nTiming of revenue recognition
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nGoods transferred at a point in time
\n2,683,981
\n 3,072,637
\n1,787,665
\n2,205,327
\nServices transferred at a point in time
\n 6,058
\n 5,339
\n 300
\n 74
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n
\n\n
\n\n
\n\n3. Revenue (continued)
\n
\nRevenue analysis by currency
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nUS Dollar
\n 832,016
\n 1,025,593
\n1,656,109
\n 2,022,750
\nKazakhstan Tenge
\n 554,343
\n 353,724
\n -
\n -
\nEuro
\n 413,459
\n 518,059
\n131,381
\n 181,785
\nUkraine Hryvnia
\n 323,667
\n 408,596
\n -
\n -
\nRussian Ruble
\n 194,297
\n 329,585
\n -
\n 459
\nBelarusian Ruble
\n 89,205
\n 173,317
\n -
\n -
\nCzech Koruna
\n 53,159
\n 67,359
\n -
\n -
\nRomanian New Lei
\n 47,812
\n 52,702
\n -
\n -
\nBulgarian Lev
\n 37,557
\n 42,452
\n -
\n -
\nPolish Zloty
\n 30,301
\n 21,049
\n -
\n -
\nCroatian Kuna
\n 19,924
\n 26,042
\n -
\n -
\nBosnian Mark
\n19,759
\n 20,218
\n -
\n -
\nHungarian Forint
\n 8,072
\n 5,463
\n -
\n -
\nOther
\n 66,468
\n 33,817
\n 475
\n 407
\n
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n3.2 Contract balances
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade and other receivables
\n 328,931
\n 352,275
\n 53,314
\n 48,585
\n
\nThe Group
\n
\n
\nTrade receivables are non-interest bearing. On 31 December 2022, US$ 3,331 (2021: US$ 2,379) was recognized
\nas provision for impairment of trade receivables (note 16).
\n
\nContract assets are initially recognized for revenue earned from provision of series of services as receipt of
\nconsideration is conditional on successful completion of these services. Upon completion of the services and
\nacceptance by the customer, the amounts recognized as contract assets are reclassified to trade receivables. During
\n2022 and 2021, the impact of contract assets was not material at the Group level.
\n
\nContract liabilities primarily relates to the advance consideration received from customers for delivery of series of
\nservices for which revenue is recognized over time. During 2022 and 2021, the impact of contract liabilities was not
\nmaterial at the Group level.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag209": {
"value": "\n3. Revenue
\n
\n3.1 Disaggregation of revenue from contracts with customers
\n
\nAnalysis of revenue by category under revenue from contracts with customers is disaggregated by products and service
\nlines:
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nSales of goods
\n2,654,543
\n3,042,908
\n1,778,909
\n2,198,742
\nSales of licenses
\n29,296
\n 29,359
\n9,022
\n6,393
\nRendering of services
\n 5,758
\n 5,339
\n -
\n -
\nSales of optional warranty
\n 442
\n 370
\n 34
\n 266
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\nRevenue analysis by geographical market
\n
\nThe Group and the Company
\n
\nThe Group operates as a trader and distributor of computer hardware and software in a number of geographical
\nregions. The following table shows an analysis of the Group\u2019s sales by geographical market, irrespective of the origin
\nof the goods.
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n1,407,196
\n1,774,834
\n1,011,366
\n1,273,119
\nCentral Eastern Europe
\n653,643
\n 654,117
\n385,931
\n491,477
\nMiddle East & Africa
\n407,717
\n 327,799
\n239,718
\n251,838
\nWestern Europe
\n183,088
\n 266,607
\n100,759
\n138,312
\nOther
\n 38,395
\n 54,619
\n 50,191
\n 50,655
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n
\n
\n
\n
\n
\nTiming of revenue recognition
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nGoods transferred at a point in time
\n2,683,981
\n 3,072,637
\n1,787,665
\n2,205,327
\nServices transferred at a point in time
\n 6,058
\n 5,339
\n 300
\n 74
\nTotal revenue from contracts with customers
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n
\n\n3. Revenue (continued)
\n
\nRevenue analysis by currency
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nUS Dollar
\n 832,016
\n 1,025,593
\n1,656,109
\n 2,022,750
\nKazakhstan Tenge
\n 554,343
\n 353,724
\n -
\n -
\nEuro
\n 413,459
\n 518,059
\n131,381
\n 181,785
\nUkraine Hryvnia
\n 323,667
\n 408,596
\n -
\n -
\nRussian Ruble
\n 194,297
\n 329,585
\n -
\n 459
\nBelarusian Ruble
\n 89,205
\n 173,317
\n -
\n -
\nCzech Koruna
\n 53,159
\n 67,359
\n -
\n -
\nRomanian New Lei
\n 47,812
\n 52,702
\n -
\n -
\nBulgarian Lev
\n 37,557
\n 42,452
\n -
\n -
\nPolish Zloty
\n 30,301
\n 21,049
\n -
\n -
\nCroatian Kuna
\n 19,924
\n 26,042
\n -
\n -
\nBosnian Mark
\n19,759
\n 20,218
\n -
\n -
\nHungarian Forint
\n 8,072
\n 5,463
\n -
\n -
\nOther
\n 66,468
\n 33,817
\n 475
\n 407
\n
\n 2,690,039
\n 3,077,976
\n 1,787,965
\n 2,205,401
\n3.2 Contract balances
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade and other receivables
\n 328,931
\n 352,275
\n 53,314
\n 48,585
\n
\nThe Group
\n
\n
\nTrade receivables are non-interest bearing. On 31 December 2022, US$ 3,331 (2021: US$ 2,379) was recognized
\nas provision for impairment of trade receivables (note 16).
\n
\nContract assets are initially recognized for revenue earned from provision of series of services as receipt of
\nconsideration is conditional on successful completion of these services. Upon completion of the services and
\nacceptance by the customer, the amounts recognized as contract assets are reclassified to trade receivables. During
\n2022 and 2021, the impact of contract assets was not material at the Group level.
\n
\nContract liabilities primarily relates to the advance consideration received from customers for delivery of series of
\nservices for which revenue is recognized over time. During 2022 and 2021, the impact of contract liabilities was not
\nmaterial at the Group level.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag210": {
"value": "\n
\n\n5. Profit before tax
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nProfit before tax is stated after charging:
\n
\n
\n
\n
\n(a) Amortization of intangible assets (Note 9)
\n 1,203
\n 1,164
\n 1,032
\n 959
\n(b) Depreciation (Note 8)
\n 4,554
\n 3,910
\n 991
\n 755
\n(c) Depreciation of investment property (Note 10)
\n30
\n-
\n30
\n-
\n(c) Auditors' remuneration \u2013 audit fees
\n 536
\n 437
\n 293
\n 213
\n(d) Directors\u2019 remuneration \u2013 executive (Note 30)
\n 1,650
\n 1,706
\n 1,650
\n 1,706
\n(e) Directors\u2019 remuneration \u2013 non-executive (Note 30)
\n 25
\n 32
\n 25
\n 32
\n
\n\n
\n\n
\n\n8. Property, plant and equipment
\nThe Group
\n
\nLand and
\nbuildings
\nAssets under
\nconstruction
\nComputer
\nhardware
\nWarehouse
\nmachinery
\nMotor vehicles
\nFurniture and
\nfittings
\nOffice
\nequipment
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nCost
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 1 January 2021
\n 32,241
\n-
\n8,101
\n640
\n 4,083
\n 3,097
\n 4,200
\n 52,362
\nAdditions
\n 4,755
\n7,249
\n 1,363
\n 159
\n 794
\n 875
\n 559
\n 15,754
\nDisposals/write-offs
\n (250)
\n-
\n (495)
\n (24)
\n (335)
\n (74)
\n (87)
\n (1,265)
\nForeign exchange difference on retranslation
\n (896)
\n -
\n (169)
\n 20
\n (57)
\n (68)
\n (72)
\n (1,242)
\nAt 31 December 2021
\n 35,850
\n 7,249
\n 8,800
\n 795
\n 4,485
\n 3,830
\n 4,600
\n 65,609
\nAdditions
\n 8,923
\n2,992
\n 1,368
\n 52
\n 726
\n 1,617
\n 1,784
\n 17,462
\nDisposals/write-offs
\n (382)
\n-
\n (2,672)
\n (3)
\n (695)
\n (867)
\n (848)
\n (5,467)
\nTransfers
\n4,125
\n(9,926)
\n-
\n-
\n-
\n-
\n-
\n(5,801)
\nForeign exchange difference on retranslation
\n (430)
\n -
\n (258)
\n (1)
\n (77)
\n (330)
\n (211)
\n (1,307)
\nAt 31 December 2022
\n 48,086
\n 315
\n 7,238
\n 843
\n 4,439
\n 4,250
\n 5,325
\n 70,496
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nAccumulated depreciation
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 1 January 2021
\n 6,435
\n-
\n 6,079
\n 416
\n 1,746
\n 2,252
\n 2,706
\n 19,634
\nCharge for the year
\n 1,661
\n-
\n 729
\n 73
\n 796
\n 271
\n 380
\n 3,910
\nDisposals/write-offs
\n (250)
\n-
\n (495)
\n (24)
\n (290)
\n (74)
\n (87)
\n (1,220)
\nForeign exchange difference on retranslation
\n (136)
\n -
\n (140)
\n 23
\n (85)
\n (68)
\n (33)
\n (439)
\nAt 31 December 2021
\n 7,710
\n -
\n 6,173
\n 488
\n 2,167
\n 2,381
\n 2,966
\n 21,885
\nCharge for the year
\n 1,999
\n-
\n 811
\n84
\n 734
\n 461
\n 465
\n 4,554
\nDisposals/write-offs
\n (99)
\n-
\n (2,604)
\n (1)
\n (434)
\n (804)
\n (848)
\n (4,790)
\nTransfers
\n(1,367)
\n-
\n-
\n-
\n-
\n-
\n-
\n(1,367)
\nForeign exchange difference on retranslation
\n (173)
\n -
\n 108
\n (1)
\n (71)
\n 161
\n (123)
\n (99)
\nAt 31 December 2022
\n 8,070
\n -
\n 4,488
\n 570
\n 2,396
\n 2,199
\n 2,460
\n 20,183
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 31 December 2022
\n 40,016
\n 315
\n 2,750
\n 273
\n 2,043
\n 2,051
\n 2,865
\n 50,313
\nAt 31 December 2021
\n 28,140
\n 7,249
\n 2,627
\n 307
\n 2,318
\n 1,449
\n 1,634
\n 43,724
\n
\nLand and buildings are mortgaged for financing purposes. The cost of fully depreciated assets of the Group that are still in use amounted to US$ 5,251 (2021: US$ 8,487).
\n
\n\n
\n\nIncluded in the net carrying amount of property, plant and equipment are right-of-use assets as follows:
\n
\nThe Group
\n
\nLand and
\nbuildings
\nWarehouse
\nmachinery
\nMotor
\nvehicles
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nBalance at 1 January 2021
\n 5,075
\n 35
\n 1,059
\n 6,169
\nDepreciation charge for the year
\n(1,233)
\n(7)
\n(435)
\n(1,675)
\nAdditions to right of use assets
\n4,565
\n-
\n463
\n5,028
\nForeign exchange difference on retranslation
\n (120)
\n (2)
\n 12
\n (110)
\nBalance at 31 December 2021
\n 8,287
\n 26
\n 1,099
\n 9,412
\nDepreciation charge for the year
\n(1,625)
\n(6)
\n(400)
\n(2,031)
\nAdditions to right of use assets
\n6,155
\n-
\n234
\n6,389
\nDerecognition of right of use assets
\n(36)
\n-
\n-
\n(36)
\nForeign exchange difference on retranslation
\n (99)
\n (2)
\n (118)
\n (219)
\nBalance at 31 December 2022
\n 12,682
\n 18
\n 815
\n 13,515
\n
\n\n9. Intangible assets
\n
\nThe Group
\nComputer
\nsoftware
\nPatents and
\nlicenses
\nTotal
\n
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\nCost at 1 January 2021
\n 10,592
\n 1,573
\n 12,165
\nAdditions
\n 548
\n 146
\n 694
\nDisposals/write-offs
\n(97)
\n(47)
\n (144)
\nForeign exchange difference on retranslation
\n (35)
\n 18
\n (17)
\nAt 31 December 2021
\n 11,008
\n 1,690
\n 12,698
\nAdditions
\n 335
\n 65
\n 400
\nDisposals/write-offs
\n(2,198)
\n(338)
\n (2,536)
\nForeign exchange difference on retranslation
\n (37)
\n 46
\n 9
\nAt 31 December 2022
\n 9,108
\n 1,463
\n 10,571
\n
\n
\n
\n
\nAccumulated amortization
\n
\n
\n
\nAt 1 January 2021
\n 8,645
\n 1,102
\n 9,747
\nCharge for the year
\n 1,008
\n 156
\n 1,164
\nDisposals/write-offs
\n(93)
\n (39)
\n(132)
\nForeign exchange difference on retranslation
\n (6)
\n 22
\n 16
\nAt 31 December 2021
\n 9,554
\n 1,241
\n 10,795
\nCharge for the year
\n 1,050
\n 153
\n 1,203
\nDisposals/write-offs
\n(2,198)
\n (336)
\n(2,534)
\nForeign exchange difference on retranslation
\n (11)
\n 41
\n 30
\nAt 31 December 2022
\n 8,395
\n 1,099
\n 9,494
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\nAt 31 December 2022
\n 713
\n 364
\n 1,077
\nAt 31 December 2021
\n 1,454
\n 449
\n 1,903
\n
\nThe cost of fully amortized intangibles of the Group that are still in use amounted to US$ 2,119 (2021: US$ 2,157).
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag211": {
"value": "\n5. Profit before tax
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nProfit before tax is stated after charging:
\n
\n
\n
\n
\n(a) Amortization of intangible assets (Note 9)
\n 1,203
\n 1,164
\n 1,032
\n 959
\n(b) Depreciation (Note 8)
\n 4,554
\n 3,910
\n 991
\n 755
\n(c) Depreciation of investment property (Note 10)
\n30
\n-
\n30
\n-
\n(c) Auditors' remuneration \u2013 audit fees
\n 536
\n 437
\n 293
\n 213
\n(d) Directors\u2019 remuneration \u2013 executive (Note 30)
\n 1,650
\n 1,706
\n 1,650
\n 1,706
\n(e) Directors\u2019 remuneration \u2013 non-executive (Note 30)
\n 25
\n 32
\n 25
\n 32
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag212": {
"value": "\n
\n\n
\n\n4. Other gains and losses
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDividend received
\n -
\n -
\n 591
\n 12,251
\n(Loss)/profit on disposal of property, plant and
\nequipment
\n (48)
\n (67)
\n (25)
\n 24
\nOther net income
\n 636
\n 150
\n 2,210
\n 9,563
\nBad debts recovered
\n 7
\n 11
\n -
\n -
\nRental income
\n353
\n 86
\n 238
\n 92
\nImpairment of investments
\n -
\n -
\n -
\n (2,357)
\nLoss on disposal of investment
\n -
\n -
\n -
\n (28)
\n
\n 948
\n 180
\n 3,014
\n 19,545
\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag213": {
"value": "\n
\n\n4. Other gains and losses
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDividend received
\n -
\n -
\n 591
\n 12,251
\n(Loss)/profit on disposal of property, plant and
\nequipment
\n (48)
\n (67)
\n (25)
\n 24
\nOther net income
\n 636
\n 150
\n 2,210
\n 9,563
\nBad debts recovered
\n 7
\n 11
\n -
\n -
\nRental income
\n353
\n 86
\n 238
\n 92
\nImpairment of investments
\n -
\n -
\n -
\n (2,357)
\nLoss on disposal of investment
\n -
\n -
\n -
\n (28)
\n
\n 948
\n 180
\n 3,014
\n 19,545
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag214": {
"value": "\n4. Other gains and losses
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDividend received
\n -
\n -
\n 591
\n 12,251
\n(Loss)/profit on disposal of property, plant and
\nequipment
\n (48)
\n (67)
\n (25)
\n 24
\nOther net income
\n 636
\n 150
\n 2,210
\n 9,563
\nBad debts recovered
\n 7
\n 11
\n -
\n -
\nRental income
\n353
\n 86
\n 238
\n 92
\nImpairment of investments
\n -
\n -
\n -
\n (2,357)
\nLoss on disposal of investment
\n -
\n -
\n -
\n (28)
\n
\n 948
\n 180
\n 3,014
\n 19,545
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag215": {
"value": "\n
\n
\n
\n\n
\n
\n6. Financial expense, net
\n
\n\n
\n\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nFinancial income
\n
\n
\n
\n
\nInterest income
\n 999
\n 146
\n 9
\n 12
\nInterest income from loans to subsidiary
\ncompanies (Note 30)
\n -
\n -
\n 84
\n 58
\nOther financial income
\n 3,365
\n 3,546
\n 2,205
\n 2,774
\nNet exchange gain
\n 596
\n 934
\n 1,509
\n -
\n
\n 4,960
\n 4,626
\n 3,807
\n 2,844
\n
\n\n
\n\n
\n
\n
\n
\n
\n\n
\n\nFinancial expense
\n
\n
\n
\n
\nBank interest
\n 10,886
\n 5,660
\n 177
\n 81
\nBank charges
\n 4,617
\n 4,928
\n 1,206
\n 1,330
\nDerivative charges
\n 798
\n 1,661
\n 747
\n 1,421
\nInterest on lease liabilities
\n 501
\n 405
\n 65
\n 58
\nFactoring interest
\n 7,478
\n 9,173
\n 459
\n 463
\nFactoring charges
\n 276
\n 386
\n 160
\n 165
\nOther financial expenses
\n 112
\n 358
\n 13
\n -
\nOther interest
\n 1,026
\n 1,742
\n 1,022
\n 1,712
\nInterest on loans from subsidiary companies
\n -
\n -
\n -
\n -
\nNet exchange loss
\n -
\n -
\n -
\n 443
\n
\n 25,694
\n 24,313
\n 3,849
\n 5,673
\nNet
\n (20,734)
\n (19,687)
\n (42)
\n (2,829)
\n
\n\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag216": {
"value": "\n
\n
\n6. Financial expense, net
\n
\n\n
\n\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nFinancial income
\n
\n
\n
\n
\nInterest income
\n 999
\n 146
\n 9
\n 12
\nInterest income from loans to subsidiary
\ncompanies (Note 30)
\n -
\n -
\n 84
\n 58
\nOther financial income
\n 3,365
\n 3,546
\n 2,205
\n 2,774
\nNet exchange gain
\n 596
\n 934
\n 1,509
\n -
\n
\n 4,960
\n 4,626
\n 3,807
\n 2,844
\n
\n\n
\n\n
\n
\n
\n
\n
\n\n
\n\nFinancial expense
\n
\n
\n
\n
\nBank interest
\n 10,886
\n 5,660
\n 177
\n 81
\nBank charges
\n 4,617
\n 4,928
\n 1,206
\n 1,330
\nDerivative charges
\n 798
\n 1,661
\n 747
\n 1,421
\nInterest on lease liabilities
\n 501
\n 405
\n 65
\n 58
\nFactoring interest
\n 7,478
\n 9,173
\n 459
\n 463
\nFactoring charges
\n 276
\n 386
\n 160
\n 165
\nOther financial expenses
\n 112
\n 358
\n 13
\n -
\nOther interest
\n 1,026
\n 1,742
\n 1,022
\n 1,712
\nInterest on loans from subsidiary companies
\n -
\n -
\n -
\n -
\nNet exchange loss
\n -
\n -
\n -
\n 443
\n
\n 25,694
\n 24,313
\n 3,849
\n 5,673
\nNet
\n (20,734)
\n (19,687)
\n (42)
\n (2,829)
\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag217": {
"value": "\n
\n\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nFinancial income
\n
\n
\n
\n
\nInterest income
\n 999
\n 146
\n 9
\n 12
\nInterest income from loans to subsidiary
\ncompanies (Note 30)
\n -
\n -
\n 84
\n 58
\nOther financial income
\n 3,365
\n 3,546
\n 2,205
\n 2,774
\nNet exchange gain
\n 596
\n 934
\n 1,509
\n -
\n
\n 4,960
\n 4,626
\n 3,807
\n 2,844
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag218": {
"value": "\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nFinancial income
\n
\n
\n
\n
\nInterest income
\n 999
\n 146
\n 9
\n 12
\nInterest income from loans to subsidiary
\ncompanies (Note 30)
\n -
\n -
\n 84
\n 58
\nOther financial income
\n 3,365
\n 3,546
\n 2,205
\n 2,774
\nNet exchange gain
\n 596
\n 934
\n 1,509
\n -
\n
\n 4,960
\n 4,626
\n 3,807
\n 2,844
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag219": {
"value": "\n
\n\nFinancial expense
\n
\n
\n
\n
\nBank interest
\n 10,886
\n 5,660
\n 177
\n 81
\nBank charges
\n 4,617
\n 4,928
\n 1,206
\n 1,330
\nDerivative charges
\n 798
\n 1,661
\n 747
\n 1,421
\nInterest on lease liabilities
\n 501
\n 405
\n 65
\n 58
\nFactoring interest
\n 7,478
\n 9,173
\n 459
\n 463
\nFactoring charges
\n 276
\n 386
\n 160
\n 165
\nOther financial expenses
\n 112
\n 358
\n 13
\n -
\nOther interest
\n 1,026
\n 1,742
\n 1,022
\n 1,712
\nInterest on loans from subsidiary companies
\n -
\n -
\n -
\n -
\nNet exchange loss
\n -
\n -
\n -
\n 443
\n
\n 25,694
\n 24,313
\n 3,849
\n 5,673
\nNet
\n (20,734)
\n (19,687)
\n (42)
\n (2,829)
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag220": {
"value": "\nFinancial expense
\n
\n
\n
\n
\nBank interest
\n 10,886
\n 5,660
\n 177
\n 81
\nBank charges
\n 4,617
\n 4,928
\n 1,206
\n 1,330
\nDerivative charges
\n 798
\n 1,661
\n 747
\n 1,421
\nInterest on lease liabilities
\n 501
\n 405
\n 65
\n 58
\nFactoring interest
\n 7,478
\n 9,173
\n 459
\n 463
\nFactoring charges
\n 276
\n 386
\n 160
\n 165
\nOther financial expenses
\n 112
\n 358
\n 13
\n -
\nOther interest
\n 1,026
\n 1,742
\n 1,022
\n 1,712
\nInterest on loans from subsidiary companies
\n -
\n -
\n -
\n -
\nNet exchange loss
\n -
\n -
\n -
\n 443
\n
\n 25,694
\n 24,313
\n 3,849
\n 5,673
\nNet
\n (20,734)
\n (19,687)
\n (42)
\n (2,829)
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag221": {
"value": "\n
\n\n7. Tax
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nPayables balance 1 January
\n 3,464
\n 4,676
\n 3,037
\n 3,264
\nProvision for the year
\n 15,223
\n 17,532
\n 5,265
\n 8,886
\nUnder/(over) provision of prior year
\n (51)
\n (361)
\n (103)
\n (422)
\nExchange difference on retranslation
\n (221)
\n (13)
\n -
\n -
\nAmounts paid, net
\n (16,401)
\n (18,370)
\n (5,794)
\n (8,691)
\nNet payable balance 31 December
\n 2,014
\n 3,464
\n 2,405
\n 3,037
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTax receivable
\n (1,588)
\n (1,156)
\n -
\n -
\nTax payable
\n 3,602
\n 4,620
\n 2,405
\n 3,037
\nNet
\n 2,014
\n 3,464
\n 2,405
\n 3,037
\n
\n\nThe taxation charge of the Group comprises corporation tax charge in Cyprus on the taxable profits of the Company
\nand those of its subsidiaries which are subject to tax in Cyprus and corporation tax in other jurisdictions on the taxable
\nresults of the foreign subsidiary companies.
\n
\n\n7. Tax (continued)
\n
\n43
\n
\nThe Company and all Cyprus resident companies of the Group are subject to corporation tax at the rate of 12.5%
\n(2021: 12.5%). The tax rates of subsidiaries in foreign jurisdictions range between 0% and 30%.
\n
\nDividends received by the Cyprus companies of the Group are exempt from corporation tax and they are also exempt
\nfrom defence tax.
\n
\nBank interest received by the Company and all Cyprus resident companies of the Group is subject to defence tax of
\n30% (2021: 30%).
\n
\nTax charge for the year
\n
\nThe Group
\nThe Company
\n
\n 2022
\n 2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nProvisions and withholding tax for the year
\n 15,223
\n 17,532
\n 5,265
\n 8,886
\nOver provision of prior year
\n (51)
\n (361)
\n (103)
\n (422)
\nDeferred tax charge
\n 4
\n 4
\n (159)
\n 42
\nNet
\n 15,176
\n 17,175
\n 5,003
\n 8,506
\n
\nThe charge for taxation is based on the Group\u2019s/Company\u2019s profits for the year as adjusted for tax purposes. The
\nreconciliation of the charge for the year is as follows:
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nProfit before tax
\n 91,046
\n 94,242
\n 39,231
\n 74,168
\nCorporation tax thereon at the applicable tax rates
\n 15,932
\n 12,994
\n 4,904
\n 9,270
\nTax on income not taxable in determining taxable
\nprofit
\n (5,303)
\n (2,292)
\n (472)
\n (1,700)
\nEffect of using tax losses brought forward
\n (111)
\n (34)
\n -
\n -
\nEffect of unused current year tax losses
\n 23
\n 72
\n -
\n -
\nTemporary differences
\n500
\n214
\n174
\n 479
\nTax charges and penalties
\n 4
\n 9
\n -
\n -
\nTax on non-allowable expenses
\n 4,175
\n 6,565
\n 656
\n 837
\n
\n15,220
\n 17,528
\n 5,262
\n 8,886
\nSpecial contribution to defence fund
\n 3
\n 4
\n3
\n -
\nOver provision of prior years
\n (51)
\n (361)
\n (103)
\n (422)
\nDeferred tax charge
\n 4
\n 4
\n (159)
\n 42
\nTax charge
\n 15,176
\n 17,175
\n 5,003
\n 8,506
\n
\n\n
\n\n23. Deferred tax
\n
\n
\n
\n
\n
\nThe Group
\nTemporary
\ndifferences
\nbetween
\naccounting and
\ntax base of PPE
\nand intangibles
\n(note i)
\nTax losses
\n(note ii)
\nOther
\ntemporary
\ndifferences
\n(note iii)
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nCredit/(debit) balance on 1 January 2021
\n 21
\n -
\n (181)
\n (160)
\nDeferred tax credit for the year
\n 4
\n -
\n -
\n 4
\nExchange difference on retranslation
\n -
\n -
\n 29
\n 29
\nCredit/(debit) balance on 31 December 2021
\n 25
\n -
\n (152)
\n (127)
\nDeferred tax (charge)/credit for the year
\n (64)
\n 1
\n 67
\n 4
\nExchange difference on retranslation
\n -
\n -
\n (42)
\n (42)
\n(Debit)/credit balance on 31 December 2022
\n (39)
\n 1
\n (127)
\n (165)
\n
\n\n
\n\n
\n\n23. Deferred tax (continued)
\n
\nNote (i)
\nThe Group and the Company
\nThe deferred tax liability relates to excess of capital allowances over depreciation and amortization.
\n
\nNote (ii)
\nThe Group
\nThe deferred tax asset arises from the tax losses that can be carried forward and setoff against the first available
\ntaxable profits of the Group companies subject to the carry forward of losses restrictions stipulated in the relevant laws
\nof the country of each relevant subsidiary.
\n
\n\n
\n\n
\n\nNote (iii)
\nThe Group and the Company
\nOther temporary differences relate mainly to different accounting bases between treatment in accordance with IFRSs
\nand treatment in accordance with local tax standards and mainly consist of the tax effect of unrealized profits/losses
\non revaluation of working capital and of different treatment in valuing inventory.
\n
\nNote (iv)
\n
\nDeferred tax assets and liabilities are offset when there is a legally unforeseeable right to set-off current tax assets
\nagainst current tax liabilities and when the deferred taxes relate to the same fiscal authority.
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDeferred tax assets
\n(285)
\n(456)
\n -
\n -
\nDeferred tax liabilities
\n 120
\n 329
\n 116
\n 275
\nNet deferred tax (assets)/liabilities
\n (165)
\n (127)
\n 116
\n 275
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag222": {
"value": "\n7. Tax
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nPayables balance 1 January
\n 3,464
\n 4,676
\n 3,037
\n 3,264
\nProvision for the year
\n 15,223
\n 17,532
\n 5,265
\n 8,886
\nUnder/(over) provision of prior year
\n (51)
\n (361)
\n (103)
\n (422)
\nExchange difference on retranslation
\n (221)
\n (13)
\n -
\n -
\nAmounts paid, net
\n (16,401)
\n (18,370)
\n (5,794)
\n (8,691)
\nNet payable balance 31 December
\n 2,014
\n 3,464
\n 2,405
\n 3,037
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTax receivable
\n (1,588)
\n (1,156)
\n -
\n -
\nTax payable
\n 3,602
\n 4,620
\n 2,405
\n 3,037
\nNet
\n 2,014
\n 3,464
\n 2,405
\n 3,037
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag223": {
"value": "\n8. Property, plant and equipment
\nThe Group
\n
\nLand and
\nbuildings
\nAssets under
\nconstruction
\nComputer
\nhardware
\nWarehouse
\nmachinery
\nMotor vehicles
\nFurniture and
\nfittings
\nOffice
\nequipment
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nCost
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 1 January 2021
\n 32,241
\n-
\n8,101
\n640
\n 4,083
\n 3,097
\n 4,200
\n 52,362
\nAdditions
\n 4,755
\n7,249
\n 1,363
\n 159
\n 794
\n 875
\n 559
\n 15,754
\nDisposals/write-offs
\n (250)
\n-
\n (495)
\n (24)
\n (335)
\n (74)
\n (87)
\n (1,265)
\nForeign exchange difference on retranslation
\n (896)
\n -
\n (169)
\n 20
\n (57)
\n (68)
\n (72)
\n (1,242)
\nAt 31 December 2021
\n 35,850
\n 7,249
\n 8,800
\n 795
\n 4,485
\n 3,830
\n 4,600
\n 65,609
\nAdditions
\n 8,923
\n2,992
\n 1,368
\n 52
\n 726
\n 1,617
\n 1,784
\n 17,462
\nDisposals/write-offs
\n (382)
\n-
\n (2,672)
\n (3)
\n (695)
\n (867)
\n (848)
\n (5,467)
\nTransfers
\n4,125
\n(9,926)
\n-
\n-
\n-
\n-
\n-
\n(5,801)
\nForeign exchange difference on retranslation
\n (430)
\n -
\n (258)
\n (1)
\n (77)
\n (330)
\n (211)
\n (1,307)
\nAt 31 December 2022
\n 48,086
\n 315
\n 7,238
\n 843
\n 4,439
\n 4,250
\n 5,325
\n 70,496
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nAccumulated depreciation
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 1 January 2021
\n 6,435
\n-
\n 6,079
\n 416
\n 1,746
\n 2,252
\n 2,706
\n 19,634
\nCharge for the year
\n 1,661
\n-
\n 729
\n 73
\n 796
\n 271
\n 380
\n 3,910
\nDisposals/write-offs
\n (250)
\n-
\n (495)
\n (24)
\n (290)
\n (74)
\n (87)
\n (1,220)
\nForeign exchange difference on retranslation
\n (136)
\n -
\n (140)
\n 23
\n (85)
\n (68)
\n (33)
\n (439)
\nAt 31 December 2021
\n 7,710
\n -
\n 6,173
\n 488
\n 2,167
\n 2,381
\n 2,966
\n 21,885
\nCharge for the year
\n 1,999
\n-
\n 811
\n84
\n 734
\n 461
\n 465
\n 4,554
\nDisposals/write-offs
\n (99)
\n-
\n (2,604)
\n (1)
\n (434)
\n (804)
\n (848)
\n (4,790)
\nTransfers
\n(1,367)
\n-
\n-
\n-
\n-
\n-
\n-
\n(1,367)
\nForeign exchange difference on retranslation
\n (173)
\n -
\n 108
\n (1)
\n (71)
\n 161
\n (123)
\n (99)
\nAt 31 December 2022
\n 8,070
\n -
\n 4,488
\n 570
\n 2,396
\n 2,199
\n 2,460
\n 20,183
\n
\n
\n
\n
\n
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\n
\n
\n
\n
\n
\nAt 31 December 2022
\n 40,016
\n 315
\n 2,750
\n 273
\n 2,043
\n 2,051
\n 2,865
\n 50,313
\nAt 31 December 2021
\n 28,140
\n 7,249
\n 2,627
\n 307
\n 2,318
\n 1,449
\n 1,634
\n 43,724
\n
\nLand and buildings are mortgaged for financing purposes. The cost of fully depreciated assets of the Group that are still in use amounted to US$ 5,251 (2021: US$ 8,487).
\n
\n\n
\n
\n8. Property, plant and equipment (continued)
\n
\n\nIncluded in the net carrying amount of property, plant and equipment are right-of-use assets as follows:
\n
\nThe Group
\n
\nLand and
\nbuildings
\nWarehouse
\nmachinery
\nMotor
\nvehicles
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nBalance at 1 January 2021
\n 5,075
\n 35
\n 1,059
\n 6,169
\nDepreciation charge for the year
\n(1,233)
\n(7)
\n(435)
\n(1,675)
\nAdditions to right of use assets
\n4,565
\n-
\n463
\n5,028
\nForeign exchange difference on retranslation
\n (120)
\n (2)
\n 12
\n (110)
\nBalance at 31 December 2021
\n 8,287
\n 26
\n 1,099
\n 9,412
\nDepreciation charge for the year
\n(1,625)
\n(6)
\n(400)
\n(2,031)
\nAdditions to right of use assets
\n6,155
\n-
\n234
\n6,389
\nDerecognition of right of use assets
\n(36)
\n-
\n-
\n(36)
\nForeign exchange difference on retranslation
\n (99)
\n (2)
\n (118)
\n (219)
\nBalance at 31 December 2022
\n 12,682
\n 18
\n 815
\n 13,515
\n
\n\n
\n
\n
\n
\n
\nThe Group leases offices, warehouses and stores in various locations throughout the countries of operation. In
\naddition, the Group leases motor vehicles for business use and employee commuting, as well as some warehouse
\nmachinery for warehouse operations.
\n
\nThe total cash outflows for the leases related to the above right-of-use assets were US$ 2,252 (2021: US$ 2,504).
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag224": {
"value": "\n
\n\n
\n\n9. Intangible assets
\n
\nThe Group
\nComputer
\nsoftware
\nPatents and
\nlicenses
\nTotal
\n
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\nCost at 1 January 2021
\n 10,592
\n 1,573
\n 12,165
\nAdditions
\n 548
\n 146
\n 694
\nDisposals/write-offs
\n(97)
\n(47)
\n (144)
\nForeign exchange difference on retranslation
\n (35)
\n 18
\n (17)
\nAt 31 December 2021
\n 11,008
\n 1,690
\n 12,698
\nAdditions
\n 335
\n 65
\n 400
\nDisposals/write-offs
\n(2,198)
\n(338)
\n (2,536)
\nForeign exchange difference on retranslation
\n (37)
\n 46
\n 9
\nAt 31 December 2022
\n 9,108
\n 1,463
\n 10,571
\n
\n
\n
\n
\nAccumulated amortization
\n
\n
\n
\nAt 1 January 2021
\n 8,645
\n 1,102
\n 9,747
\nCharge for the year
\n 1,008
\n 156
\n 1,164
\nDisposals/write-offs
\n(93)
\n (39)
\n(132)
\nForeign exchange difference on retranslation
\n (6)
\n 22
\n 16
\nAt 31 December 2021
\n 9,554
\n 1,241
\n 10,795
\nCharge for the year
\n 1,050
\n 153
\n 1,203
\nDisposals/write-offs
\n(2,198)
\n (336)
\n(2,534)
\nForeign exchange difference on retranslation
\n (11)
\n 41
\n 30
\nAt 31 December 2022
\n 8,395
\n 1,099
\n 9,494
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\nAt 31 December 2022
\n 713
\n 364
\n 1,077
\nAt 31 December 2021
\n 1,454
\n 449
\n 1,903
\n
\nThe cost of fully amortized intangibles of the Group that are still in use amounted to US$ 2,119 (2021: US$ 2,157).
\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag225": {
"value": "\n
\n\n9. Intangible assets
\n
\nThe Group
\nComputer
\nsoftware
\nPatents and
\nlicenses
\nTotal
\n
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\nCost at 1 January 2021
\n 10,592
\n 1,573
\n 12,165
\nAdditions
\n 548
\n 146
\n 694
\nDisposals/write-offs
\n(97)
\n(47)
\n (144)
\nForeign exchange difference on retranslation
\n (35)
\n 18
\n (17)
\nAt 31 December 2021
\n 11,008
\n 1,690
\n 12,698
\nAdditions
\n 335
\n 65
\n 400
\nDisposals/write-offs
\n(2,198)
\n(338)
\n (2,536)
\nForeign exchange difference on retranslation
\n (37)
\n 46
\n 9
\nAt 31 December 2022
\n 9,108
\n 1,463
\n 10,571
\n
\n
\n
\n
\nAccumulated amortization
\n
\n
\n
\nAt 1 January 2021
\n 8,645
\n 1,102
\n 9,747
\nCharge for the year
\n 1,008
\n 156
\n 1,164
\nDisposals/write-offs
\n(93)
\n (39)
\n(132)
\nForeign exchange difference on retranslation
\n (6)
\n 22
\n 16
\nAt 31 December 2021
\n 9,554
\n 1,241
\n 10,795
\nCharge for the year
\n 1,050
\n 153
\n 1,203
\nDisposals/write-offs
\n(2,198)
\n (336)
\n(2,534)
\nForeign exchange difference on retranslation
\n (11)
\n 41
\n 30
\nAt 31 December 2022
\n 8,395
\n 1,099
\n 9,494
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\nAt 31 December 2022
\n 713
\n 364
\n 1,077
\nAt 31 December 2021
\n 1,454
\n 449
\n 1,903
\n
\nThe cost of fully amortized intangibles of the Group that are still in use amounted to US$ 2,119 (2021: US$ 2,157).
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag226": {
"value": "\n10. Investment Property
\n
\nThe Group
\n
\n
\nLand and
\nbuildings
\n
\n
\n
\n
\nUS$
\n
\nCost
\n
\n
\n
\n
\nAt 1 January 2022
\n
\n
\n-
\n
\nTransfers
\n
\n
\n 5,801
\n
\nAt 31 December 2022
\n
\n
\n 5,801
\n
\n
\n
\n
\n
\n
\nAccumulated amortization
\n
\n
\n
\n
\nAt 1 January 2022
\n
\n
\n-
\n
\nCharge for the period
\n
\n
\n 30
\n
\nTransfers
\n
\n
\n 1,367
\n
\nAt 31 December 2022
\n
\n
\n 1,397
\n
\n
\n
\n
\n
\n
\nNet book value
\n
\n
\n
\n
\nAt 31 December 2022
\n
\n
\n 4,404
\n
\nAt 31 December 2021
\n
\n
\n -
\n
\n
\nDuring the year, the Group decided to change the use of two properties from owner-occupied to investment property.
\nThe properties are leased to third parties under operating leases with rentals payable monthly.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag227": {
"value": "\n13. Financial assets at fair value through other comprehensive income
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFinancial assets at fair value through other
\ncomprehensive income
\n 1,515
\n -
\n 1,515
\n -
\n
\nThe details of the investments are as follows:
\n
\n
\nName
\nCountry of
\n incorporation
\nParticipation
\n%
\nCost
\nUS$
\nImpairment
\nUS$
\nAs at
\n31 December
\n2022
\nAs at
\n31 December
\n2021
\n
\n
\n
\n
\n
\nUS$
\nUS$
\nPromed
\nBioscience Ltd
\n
\nCyprus
\n
\n16%
\n
\n808
\n
\n-
\n
\n 808
\n
\n -
\nRSL
\nRevolutionary
\nLabs Ltd
\n
\n
\nCyprus
\n
\n
\n15.5%
\n
\n
\n 707
\n
\n
\n -
\n
\n
\n 707
\n
\n
\n -
\n
\n
\n
\n 1,515
\n -
\n 1,515
\n -
\nIn November 2022, the Group and the Company acquired 16% of shares of Promed Science Ltd and 15.5% shares of
\nRSL Revolutionary Labs Ltd.
\nThe Group has recognized the above as investments at FVOCI as the Group intends to hold for the long term for
\nstrategic purposes.
\n
\n\n
\n\n
\n\n2. Fair values
\n
\nThe Group and the Company
\n
\nFinancial instruments comprise financial assets and financial liabilities. Financial assets mainly consist of bank balances,
\nreceivables and investments. Financial liabilities mainly consist of trade payables, factoring balances, bank overdrafts
\nand loans. The Directors consider that the carrying amount of the Company\u2019s/Group\u2019s financial instruments
\napproximate their fair value at the reporting date. Financial assets and financial liabilities carried at fair value through
\nprofit or loss represent foreign currency derivative contracts categorized as a Level 2 (quoted prices (unadjusted) in
\nactive markets for identical assets or liabilities) fair value hierarchy.
\n
\n\n
\n\n
\n\n
\n\n
\n\n4. Fair value estimation
\n
\nThe table below analyses financial instruments carried at fair value by valuation method. The different levels have been
\ndefined as follows:
\n
\n\u2022 Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).
\n\u2022 Inputs other than quoted prices included within level 1 that are observable for the asset or liability,
\neither directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).
\n\u2022 Inputs for the asset or liability that are not based on observable market data (that is, unobservable
\ninputs) (level 3).
\n
\nThe following table presents the fair value hierarchy of the Group\u2019s and the Company's assets as at 31 December:
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nLevel 2
\nLevel 2
\nLevel 2
\nLevel 2
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nAssets
\n
\n
\n
\n
\nDerivative financial assets
\n 413
\n 192
\n 316
\n 164
\nLiabilities
\n
\n
\n
\n
\nDerivative financial liabilities
\n 263
\n 299
\n 256
\n 129
\n
\n\n
\n\n
\n\n
\n\n
\n\n34. Financial risk management (continued)
\n
\nThe fair value of financial instruments that are not traded in an active market (for example, unlisted equity securities)
\nis determined by using valuation techniques. These valuation techniques maximize the use of observable market data
\nwhere it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair
\nvalue an instrument are observable, the instrument is included in level 2.
\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag228": {
"value": "\n14. Trade payables factoring facilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade payables factoring facilities
\n 18,024
\n 28,298
\n 15,443
\n 25,911
\n
\nThe Group and the Company participate in trade payables factoring facilities (or \u201csupply chain financing facilities\u201d -
\n\u201cSCFs\u201d) programs which enable the Group and the Company to obtain extended payment terms for pre-approved
\nsuppliers. The Group incurs additional interest towards the SCFs on the amounts due to suppliers. The Company may
\nelect to have any of its SCFs pay its suppliers either on the discount date or on due date and then obtain extended
\npayment terms from them.
\n
\n\n14. Trade payables factoring facilities (continued)
\nThe Group discloses the amounts factored by suppliers separately from trade payables because the nature and function
\nof the financial liabilities is sufficiently different from a trade payable that a separate presentation is appropriate. The
\npayments to the bank are included within operating cash flows because they continue to be part of the normal operating
\ncycle of the Group and their principal nature remains operating \u2013 i.e. payments for the purchase of goods and services.
\nAs at 31 December 2022, the Company and the Group enjoyed trade payables factoring facilities of US$ 20,500 and
\nUS$ 31,874, respectively (2021 US$ 62,000 and US$ 70,749 respectively).
\n
\n\n25. Trade payables and prepayments
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade payables
\n 400,283
\n 364,396
\n245,310
\n 212,626
\nPrepayments from customers
\n 17,693
\n 21,891
\n 8,222
\n 6,051
\n
\n 417,976
\n 386,287
\n 253,532
\n 218,677
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag229": {
"value": "\n15. Inventories
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrading goods (i)
\n513,418
\n324,560
\n221,481
\n102,287
\nLand development (ii)
\n 1,386
\n -
\n -
\n -
\n
\n 514,804
\n 324,560
\n 221,481
\n 102,287
\n(i) Trading goods
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nGoods held for resale
\n 449,733
\n 269,686
\n 196,607
\n 78,075
\nGoods in transit
\n71,069
\n 59,620
\n 30,150
\n 27,215
\nProvision for slow moving and obsolete stock
\n (7,384)
\n (4,746)
\n (5,276)
\n (3,003)
\n
\n 513,418
\n 324,560
\n 221,481
\n 102,287
\nThe Group
\nAs at 31 December 2022, inventories pledged as security for financing purposes amounted to US$ 82,547 (2021: US$
\n103,948).
\n
\n\nMovement in provision for slow moving and obsolete
\nstock
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nOn 1 January
\n 4,746
\n 5,308
\n 3,003
\n 3,589
\nProvisions during the year
\n 3,294
\n 716
\n 2,340
\n 31
\nProvided stock written off
\n (554)
\n (1,319)
\n (67)
\n (617)
\nExchange difference
\n (102)
\n 41
\n -
\n -
\nOn 31 December
\n 7,384
\n 4,746
\n 5,276
\n 3,003
\n
\n(ii) Land development
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nLand - Not under development yet
\n 1,386
\n -
\n -
\n -
\nDuring the year, the Group acquired two plots of land in Cyprus, where a complex of houses is going to be built in the
\nnear future.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag230": {
"value": "\n16. Trade receivables
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nTrade receivables
\n 313,503
\n 344,645
\n46,577
\n44,023
\nPrepayments to trade vendors
\n18,759
\n10,009
\n8,115
\n4,937
\nAllowance for doubtful debts
\n (3,331)
\n (2,379)
\n (1,378)
\n (375)
\n
\n 328,931
\n 352,275
\n 53,314
\n 48,585
\n
\nThe Group
\n
\nAs at 31 December 2022, receivables of the Group that have been pledged as security for financing purposes amounted
\nto US$ 80,040 (2021: US$ 89,968).
\n
\n\nMovement in provision for doubtful debts:
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nOn 1 January
\n 2,379
\n 2,096
\n 375
\n 200
\nProvisions during the year
\n 1,269
\n 652
\n 1,079
\n 243
\nAmount written-off as uncollectible
\n (240)
\n (300)
\n (76)
\n (68)
\nBad debts recovered
\n (7)
\n (11)
\n -
\n -
\nExchange difference
\n (70)
\n (58)
\n -
\n -
\nOn 31 December
\n 3,331
\n 2,379
\n 1,378
\n 375
\n
\n
\n
\n
\n
\n
\nAgeing of trade receivables
\n
\nThe Group
\nYear
\nTotal
\nreceivables
\nOutstanding
\nbut not due
\nyet
\nOverdue
\nbetween
\nOverdue
\nbetween
\nOverdue
\nmore than
\n1-30 days
\n30-60 days
\n60 days
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\n
\n2022
\n313,503
\n276,219
\n22,869
\n6,597
\n7,818
\n2021
\n344,645
\n322,510
\n14,388
\n2,451
\n5,296
\n
\n\n16. Trade receivables (continued)
\n
\nThe Group
\n
\n
\n
\n
\n
\n
\nAgeing of impaired receivables (provision for bad debts)
\n
\n
\n
\n
\n
\n
\n
\n
\nYear
\nTotal
\nOutstanding
\nbut not due
\nyet
\nOverdue
\nbetween
\nOverdue
\nbetween
\nOverdue
\nmore
\nthan 60
\ndays
\n
\n1-30 days
\n30-60 days
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\n
\n2022
\n3,331
\n408
\n6
\n1
\n2,916
\n2021
\n2,379
\n302
\n5
\n10
\n2,062
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag231": {
"value": "\n
\n\n17. Other current assets
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nVAT and other taxes refundable
\n 16,253
\n 6,886
\n 1,178
\n 568
\nDeposits and advances to service providers
\n 386
\n 302
\n20
\n21
\nEmployee floats
\n 167
\n 112
\n 127
\n 40
\nOther debtors and prepayments
\n 6,780
\n 4,659
\n 1,380
\n 866
\nAmount due from subsidiary companies (Note 30)
\n -
\n -
\n 154,020
\n 172,261
\nAllowance for doubtful debts from subsidiary companies
\n-
\n-
\n(2,290)
\n(1,684)
\nLoans due from subsidiary companies (Note 30)
\n -
\n -
\n 3,417
\n 2,622
\n
\n 23,586
\n 11,959
\n 157,852
\n 174,694
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag232": {
"value": "\n17. Other current assets
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nVAT and other taxes refundable
\n 16,253
\n 6,886
\n 1,178
\n 568
\nDeposits and advances to service providers
\n 386
\n 302
\n20
\n21
\nEmployee floats
\n 167
\n 112
\n 127
\n 40
\nOther debtors and prepayments
\n 6,780
\n 4,659
\n 1,380
\n 866
\nAmount due from subsidiary companies (Note 30)
\n -
\n -
\n 154,020
\n 172,261
\nAllowance for doubtful debts from subsidiary companies
\n-
\n-
\n(2,290)
\n(1,684)
\nLoans due from subsidiary companies (Note 30)
\n -
\n -
\n 3,417
\n 2,622
\n
\n 23,586
\n 11,959
\n 157,852
\n 174,694
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag233": {
"value": "\n
\n\n
\nFollowing an extraordinary general meeting of the shareholders on 28
\nth
\n March 2022, a share buyback program with
\nthe following conditions was approved:
\n\u2022 the maximum amount of money that can be used to realize the program is US$ 1,000,000
\n\u2022 the maximum number of shares that can be bought within the program is 2,000,000 shares
\n\u2022 the program's time frame is 12 months from the resolution date
\n\u2022 the shares purchased within the program could be held for a maximum of two years from acquisition
\n\u2022 the minimum price for transaction of purchase of shares within the program is PLN 1.0 per share with the maximum
\nprice of PLN 30.0 per share
\n\nAt the end of 2022 the Company held a total of 328,800 (2021: nil) shares purchased for a total consideration of US$
\n996 (2021: US$ nil).
\n
\n\n18. Share capital
\n(for the purposes of this note the amounts are stated in full)
\n
\n
\n
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\nAuthorized
\n
\n
\n63,000,000 (2021: 63,000,000) shares of US$ 0.20 each
\n 12,600.000
\n 12,600,000
\n
\n
\n
\nIssued and fully paid
\n
\n
\n55,500,000 (2021: 55,500,000) ordinary shares of US$ 0.20 each
\n 11,100,000
\n 11,100,000
\nOn 31 December 2022 the issued and fully paid share capital of the Company consisted of 55,500,000 ordinary shares
\nof US$ 0.20 each.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag234": {
"value": "\n
\nFollowing an extraordinary general meeting of the shareholders on 28
\nth
\n March 2022, a share buyback program with
\nthe following conditions was approved:
\n\u2022 the maximum amount of money that can be used to realize the program is US$ 1,000,000
\n\u2022 the maximum number of shares that can be bought within the program is 2,000,000 shares
\n\u2022 the program's time frame is 12 months from the resolution date
\n\u2022 the shares purchased within the program could be held for a maximum of two years from acquisition
\n\u2022 the minimum price for transaction of purchase of shares within the program is PLN 1.0 per share with the maximum
\nprice of PLN 30.0 per share
\n\nAt the end of 2022 the Company held a total of 328,800 (2021: nil) shares purchased for a total consideration of US$
\n996 (2021: US$ nil).
\n
\n\n18. Share capital
\n(for the purposes of this note the amounts are stated in full)
\n
\n
\n
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\nAuthorized
\n
\n
\n63,000,000 (2021: 63,000,000) shares of US$ 0.20 each
\n 12,600.000
\n 12,600,000
\n
\n
\n
\nIssued and fully paid
\n
\n
\n55,500,000 (2021: 55,500,000) ordinary shares of US$ 0.20 each
\n 11,100,000
\n 11,100,000
\nOn 31 December 2022 the issued and fully paid share capital of the Company consisted of 55,500,000 ordinary shares
\nof US$ 0.20 each.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag235": {
"value": "\nAt the end of 2022 the Company held a total of 328,800 (2021: nil) shares purchased for a total consideration of US$
\n996 (2021: US$ nil).
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag236": {
"value": "\n19. Short-term borrowings
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nCurrent borrowings
\n
\n
\n
\n
\nBank overdrafts (Note 29)
\n 42,246
\n 33,698
\n5,164
\n 342
\nCurrent portion of long-term loans
\n 224
\n 241
\n -
\n -
\nBank short-term loans
\n 98,146
\n 69,885
\n -
\n -
\nCurrent lease liabilities (Note 22)
\n 2,393
\n 1,737
\n 751
\n 347
\nTotal short-term debt
\n 143,009
\n 105,561
\n 5,915
\n 689
\n
\n
\n
\n
\n
\nFactoring creditors
\n 62,287
\n 73,143
\n 10,654
\n 12,755
\n
\n 205,296
\n 178,704
\n 16,569
\n 13,444
\n
\n\n
\n19. Short-term borrowings (continued)
\n
\nSummary of borrowings and overdraft arrangements
\n
\nThe Group
\n
\nAs at 31 December 2022 the Group had factoring facilities of US$ 199,952 (2021: US$ 168,974).
\n
\nIn addition, the Group as at 31 December 2022 had the following financing facilities with banks in the countries that
\nthe Company and its subsidiaries operate:
\n
\n\u2022 overdraft lines of US$ 100,237 (2021: US$ 119,776)
\n\u2022 short-term loans/revolving facilities of US$ 133,686 (2021: US$ 101,450)
\n\u2022 bank guarantee and letters of credit lines of US$ 41,960 (2021: US$ 60,275)
\n
\nThe Group had for the year ended 31 December 2022 cash lines (overdrafts, loans and revolving facilities) and factoring
\nlines.
\n
\nThe Weighted Average Cost of Debt (cash lines and factoring lines) for the period is 10.5% (2021: 6.0%).
\n
\n\nThe factoring, overdraft and revolving facilities as well as the loans granted to the Company and its subsidiaries by
\ntheir bankers are secured by:
\n
\n\u2022 Floating charges over all assets of the Company
\n\u2022 Mortgage on land and buildings that the Group owns in Cyprus, Czech Republic, Belarus, Middle East, Bulgaria,
\nSlovakia and Ukraine
\n\u2022 Charge over receivables and inventories
\n\u2022 Corporate guarantees
\n\u2022 Assignment of insurance policies
\n\u2022 Pledged deposits of US$ 20,822 (2021: US$ 32,453)
\n
\n\n
\n\n20. Long-term borrowings
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nBank loans
\n 553
\n 123
\n -
\n -
\nNon-current lease liabilities (note 22)
\n 8,630
\n 4,982
\n 4,412
\n 725
\n
\n 9,183
\n 5,105
\n 4,412
\n 725
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag237": {
"value": "\nThe factoring, overdraft and revolving facilities as well as the loans granted to the Company and its subsidiaries by
\ntheir bankers are secured by:
\n
\n\u2022 Floating charges over all assets of the Company
\n\u2022 Mortgage on land and buildings that the Group owns in Cyprus, Czech Republic, Belarus, Middle East, Bulgaria,
\nSlovakia and Ukraine
\n\u2022 Charge over receivables and inventories
\n\u2022 Corporate guarantees
\n\u2022 Assignment of insurance policies
\n\u2022 Pledged deposits of US$ 20,822 (2021: US$ 32,453)
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCollateralExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag238": {
"value": "\n
\n\n21. Other long-term liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nOther long-term liabilities
\n 859
\n 791
\n -
\n -
\n
\n\n
\n\n
\n\n24. Other current liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nSalaries payable and related costs
\n 4,305
\n 4,834
\n 515
\n 2,219
\nVAT payable
\n 8,854
\n 11,177
\n -
\n 170
\nNon-trade accounts payable
\n 6,004
\n 8,081
\n 2,178
\n 2,835
\nAccruals, deferred income and other provisions
\n 107,213
\n 77,893
\n 65,746
\n 36,306
\nProvision for marketing
\n 30,182
\n 19,857
\n26,032
\n13,304
\nProvision for warranties
\n 7,465
\n 7,448
\n5,313
\n 5,336
\nAmount payable to subsidiary companies (Note 30)
\n -
\n -
\n 4,522
\n 4,582
\n
\n 164,023
\n 129,290
\n 104,306
\n 64,752
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag239": {
"value": "\n21. Other long-term liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nOther long-term liabilities
\n 859
\n 791
\n -
\n -
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag240": {
"value": "\n22. Lease liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nCurrent lease liabilities (Note 19)
\n2,393
\n1,737
\n 751
\n 347
\nNon-current lease liabilities (Note 20)
\n 8,630
\n 4,982
\n 4,412
\n 725
\n
\n 11,023
\n 6,719
\n 5,163
\n 1,072
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag241": {
"value": "\n23. Deferred tax
\n
\n
\n
\n
\n
\nThe Group
\nTemporary
\ndifferences
\nbetween
\naccounting and
\ntax base of PPE
\nand intangibles
\n(note i)
\nTax losses
\n(note ii)
\nOther
\ntemporary
\ndifferences
\n(note iii)
\nTotal
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nCredit/(debit) balance on 1 January 2021
\n 21
\n -
\n (181)
\n (160)
\nDeferred tax credit for the year
\n 4
\n -
\n -
\n 4
\nExchange difference on retranslation
\n -
\n -
\n 29
\n 29
\nCredit/(debit) balance on 31 December 2021
\n 25
\n -
\n (152)
\n (127)
\nDeferred tax (charge)/credit for the year
\n (64)
\n 1
\n 67
\n 4
\nExchange difference on retranslation
\n -
\n -
\n (42)
\n (42)
\n(Debit)/credit balance on 31 December 2022
\n (39)
\n 1
\n (127)
\n (165)
\n
\n\n23. Deferred tax (continued)
\n
\nNote (i)
\nThe Group and the Company
\nThe deferred tax liability relates to excess of capital allowances over depreciation and amortization.
\n
\nNote (ii)
\nThe Group
\nThe deferred tax asset arises from the tax losses that can be carried forward and setoff against the first available
\ntaxable profits of the Group companies subject to the carry forward of losses restrictions stipulated in the relevant laws
\nof the country of each relevant subsidiary.
\n
\n\nNote (iii)
\nThe Group and the Company
\nOther temporary differences relate mainly to different accounting bases between treatment in accordance with IFRSs
\nand treatment in accordance with local tax standards and mainly consist of the tax effect of unrealized profits/losses
\non revaluation of working capital and of different treatment in valuing inventory.
\n
\nNote (iv)
\n
\nDeferred tax assets and liabilities are offset when there is a legally unforeseeable right to set-off current tax assets
\nagainst current tax liabilities and when the deferred taxes relate to the same fiscal authority.
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDeferred tax assets
\n(285)
\n(456)
\n -
\n -
\nDeferred tax liabilities
\n 120
\n 329
\n 116
\n 275
\nNet deferred tax (assets)/liabilities
\n (165)
\n (127)
\n 116
\n 275
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag242": {
"value": "\n24. Other current liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nSalaries payable and related costs
\n 4,305
\n 4,834
\n 515
\n 2,219
\nVAT payable
\n 8,854
\n 11,177
\n -
\n 170
\nNon-trade accounts payable
\n 6,004
\n 8,081
\n 2,178
\n 2,835
\nAccruals, deferred income and other provisions
\n 107,213
\n 77,893
\n 65,746
\n 36,306
\nProvision for marketing
\n 30,182
\n 19,857
\n26,032
\n13,304
\nProvision for warranties
\n 7,465
\n 7,448
\n5,313
\n 5,336
\nAmount payable to subsidiary companies (Note 30)
\n -
\n -
\n 4,522
\n 4,582
\n
\n 164,023
\n 129,290
\n 104,306
\n 64,752
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag243": {
"value": "\n26. Operating segments
\n
\nThe Group
\n
\n1.1 Segment information
\n
\nThe Group mainly operates in a single industry segment as a distributor of IT products. Information reported to the
\nchief operating decision maker for the purposes of allocating resources to the segments and to assess their performance
\nis based on geographical locations. The Group operates in four principal geographical areas \u2013 Former Soviet Union,
\nEastern Europe, Western Europe and Middle East & Africa.
\n
\nThere are varying levels of integration between the segments and includes distribution of IT products and services.
\nInter-segment pricing is determined on an arm\u2019s length basis.
\n
\n1.2 Segment revenues and results
\n
\n
\nSegment revenue
\nSegment operating profit
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n1,407,196
\n1,774,834
\n 54,422
\n 58,804
\nCentral Eastern Europe
\n653,643
\n654,117
\n 26,946
\n 21,577
\nMiddle East & Africa
\n407,717
\n327,799
\n 21,056
\n 15,936
\nWestern Europe
\n183,088
\n266,607
\n 8,151
\n 11,175
\nOther
\n 38,395
\n 54,619
\n 419
\n 6,257
\n
\n 2,690,039
\n 3,077,976
\n 110,994
\n 113,749
\n
\n
\n
\n
\n
\nNet financial expenses (note 6)
\n
\n
\n (20,734)
\n (19,687)
\nShare of loss from equity-accounted investees (note 12)
\n
\n
\n(162)
\n-
\nOther gains and losses (note 4)
\n
\n
\n 948
\n 180
\nProfit before taxation
\n
\n
\n 91,046
\n 94,242
\n
\n\n26. Operating segments (continued)
\n
\n1.3 Segment capital expenditure (CAPEX) and depreciation & amortization
\n
\nThe following is an analysis of the Group\u2019s capital expenditure in both tangible and intangible assets as well as their
\ncorresponding charges in the income statement:
\n
\nSegment CAPEX
\n
\nSegment depreciation and
\namortization
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n 10,407
\n 9,315
\n1,831
\n1,517
\nCentral Eastern Europe
\n 14,510
\n 14,569
\n 1,570
\n 1,486
\nMiddle East & Africa
\n 3,677
\n 3,631
\n 197
\n 187
\nCyprus
\n27,541
\n18,668
\n2,179
\n1,872
\nOther
\n 31
\n 39
\n 10
\n 12
\n
\n 56,166
\n 46,222
\n 5,787
\n 5,074
\n
\n1.4 Segment assets and liabilities
\n
\nSegment assets
\n
\n
\n2022
\n2021
\n
\n
\n
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nFormer Soviet Union
\n
\n
\n408,154
\n500,800
\nCentral Eastern Europe
\n
\n
\n118,280
\n68,868
\nWestern Europe
\n
\n
\n210,638
\n168,729
\nMiddle East & Africa
\n
\n
\n 227,291
\n 104,370
\nTotal
\n
\n
\n 964,363
\n 842,767
\n
\n
\n
\n
\n
\nAssets allocated in capital expenditure (1.3)
\n
\n
\n56,166
\n46,222
\nOther unallocated assets
\n
\n
\n 42,997
\n 34,198
\nConsolidated assets
\n
\n
\n 1,063,526
\n 923,187
\n
\nFor the purposes of monitoring segment performance and allocating resources between segments only assets were
\nallocated to the reportable segments. As the Group liabilities are mainly used jointly by the reportable segments, these
\nwere not allocated to each segment.
\n
\n1.5 Geographical information
\n
\nSince the Group\u2019s operating segments are based on geographical location and this information has been provided
\nabove (1.2 \u2013 1.4) no further analysis is included.
\n
\n1.6. Information about major customers
\n
\nIt is of a strategic importance for the Group to place no reliance to any customer individually, since no customer is
\naccountable for material percentage of the total business.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag244": {
"value": "Former Soviet Union,Eastern Europe, Western Europe and Middle East & Africa.",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag245": {
"value": "\n27. Derivative financial liabilities
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\nDerivative financial liabilities carried at fair value through profit or loss
\nForeign currency derivative contracts
\n 263
\n 299
\n 256
\n 129
\n
\n\n27. Derivative financial liabilities (continued)
\nFair value measurement of derivative financial liabilities
\nThe Group
\nNominal
\namount
\nNominal
\namount
\nFair value
\nFair value
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nBuying US$/Selling EUR
\n 12,303
\n 17,818
\n 200
\n 64
\nBuying US$/Selling PLN
\n2,600
\n 500
\n 18
\n 2
\nBuying US$/Selling RON
\n 1,100
\n 1,050
\n 5
\n 2
\nBuying US$/Selling RUB
\n-
\n 6,400
\n -
\n 41
\nBuying US$/Selling KZT
\n -
\n 1,025
\n -
\n 25
\nBuying US$/Selling GBP
\n 49
\n 42
\n 1
\n 1
\nBuying US$/Selling CZK
\n -
\n 300
\n-
\n 2
\nBuying US$/Selling UAH
\n -
\n 8,843
\n -
\n 94
\nBuying US$/Selling HUF
\n610
\n 456
\n 20
\n 3
\nBuying US$/Selling BGN
\n495
\n-
\n5
\n-
\nBuying EUR/Selling US$
\n40
\n 1,002
\n 2
\n 14
\nBuying EUR/Selling HUF
\n719
\n-
\n12
\n-
\nBuying BGN/Selling USD
\n -
\n 119
\n -
\n 2
\nCharges on open contracts
\n -
\n -
\n -
\n 49
\n
\n 17,916
\n 37,555
\n 263
\n 299
\n
\n\n(i) The Group and the Company enter into currency derivative contracts, namely forward and future currency
\nderivatives, as part of their overall hedging strategy in order to minimize the exposure to foreign currency fluctuations.
\n
\n(ii) A foreign currency forward derivative contract is a contractual agreement between two parties to exchange two
\ncurrencies at a given exchange rate at some point in the future. The fair value of the derivative can be either positive
\n(asset) or negative (liability) as a result of fluctuations in the forward exchange rates.
\n
\n(iii) A foreign currency future derivative contract is a contractual agreement between two parties to buy or sell currency
\nat a predetermined price in the future. The fair value of the derivative can be either positive (asset) or negative (liability)
\nas a result of fluctuations in the period end exchange rate.
\n
\n\n27. Derivative financial liabilities (continued)
\n
\n(iv) During the year the Group realized a gain from execution of foreign currency derivative contracts of US$ 1,866
\n(2021: loss of US$ 2,052) and the Company realized a gain of US$ 1,304 (2021: loss of US$ 234).
\n28. Derivative financial assets
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDerivative financial assets carried at fair value through profit or loss
\nForeign currency derivative contracts
\n 413
\n 192
\n 316
\n 164
\nThe Group
\nNominal
\namount
\nNominal
\namount
\nFair value
\nFair value
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nBuying US$/Selling EUR
\n4,346
\n 6,744
\n106
\n 46
\nBuying US$/Selling RON
\n750
\n 350
\n2
\n -
\nBuying US$/Selling BGN
\n1,159
\n -
\n9
\n -
\nBuying US$/Selling HRK
\n-
\n 1,085
\n-
\n 29
\nBuying US$/Selling PLN
\n250
\n 500
\n -
\n 3
\nBuying US$/Selling HUF
\n1,468
\n1,618
\n258
\n113
\nBuying US$/Selling BYN
\n600
\n-
\n36
\n-
\nBuying US$/Selling GBP
\n108
\n-
\n2
\n-
\nBuying EUR/Selling PLN
\n -
\n 827
\n -
\n 1
\n
\n 8,681
\n 11,124
\n 413
\n 192
\n
\n\nFair value measurement of derivative financial assets
\n
\n(i) The Group and the Company enter into currency derivative contracts, namely forward and future currency
\nderivatives, as part of their overall hedging strategy in order to minimize the exposure to foreign currency fluctuations.
\n
\n(ii) A foreign currency forward derivative contract is a contractual agreement between two parties to exchange two
\ncurrencies at a given exchange rate at some point in the future. The fair value of the derivative can be either positive
\n(asset) or negative (liability) as a result of fluctuations in the forward exchange rates.
\n
\n\n28. Derivative financial assets (continued)
\n
\n(iii) A foreign currency future derivative contract is a contractual agreement between two parties to buy or sell
\ncurrency at a predetermined price in the future. The fair value of the derivative can be either positive (asset) or
\nnegative (liability) as a result of fluctuations in the period end exchange rate.
\n(iv) During the year the Group realized a gain from execution of foreign currency derivative contracts of US$ 1,866
\n(2021: loss of US$ 2,052) and the Company realized a gain of US$ 1,304 (2021: loss of US$ 234).
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag246": {
"value": "\n
\n29. Cash and cash equivalents
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n 2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nCash at bank and in hand
\n 134,598
\n 184,618
\n 64,375
\n 98,168
\nBank overdrafts (Note 19)
\n (42,246)
\n (33,698)
\n (5,164)
\n (342)
\n
\n 92,352
\n 150,920
\n 59,211
\n 97,826
\n
\n\nThe Group
\n
\nThe cash at bank and in hand balance includes an amount of US$ 20,822 (2021: US$ 32,453) which represents pledged
\ndeposits against financial facilities granted and margin accounts for foreign exchange hedging.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag247": {
"value": "\nThe Group
\n
\nThe cash at bank and in hand balance includes an amount of US$ 20,822 (2021: US$ 32,453) which represents pledged
\ndeposits against financial facilities granted and margin accounts for foreign exchange hedging.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag248": {
"value": "\n30. Related party transactions and balances
\n
\nMain shareholders
\nThe following table presents shareholders possessing directly or indirectly more than 5% of the Company\u2019s shares and
\nshares held by the Company under the share buyback program as at 31 December:
\n
\nName
\n2022
\n2022
\n2021
\n2021
\n
\nNumber of
\nVotes/share
\nNumber of
\nVotes/share
\n
\nvotes/shares
\ncapital
\nvotes/shares
\n capital
\n
\n
\n%
\n
\n%
\nSiarhei Kostevitch and KS Holdings Ltd
\n 20,448,127
\n 36.84
\n 20,443,127
\n 36.83
\nAsbisc Enterprises Plc (share buyback program)
\n328,800
\n0.59
\n-
\n-
\nFree float
\n 34,723,073
\n 62.57
\n 35,056,873
\n 63.17
\n
\n 55,500,000
\n 100.00
\n 55,500,000
\n 100.00
\n
\nTransactions and balances between the Company and its subsidiaries have been eliminated on consolidation.
\n
\n\n
\n\nTransactions and balances of key management
\n
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDirectors\u2019 remuneration and benefits - executive
\n 1,650
\n 1,706
\n 1,650
\n 1,706
\nDirectors\u2019 remuneration - non-executive
\n 25
\n 32
\n 25
\n 32
\nKey management remuneration
\n
\n
\n
\n
\nIn capacity as other key management personnel
\n 1,874
\n 1,725
\n 456
\n 329
\nEmployer\u2019s contributions - provident fund
\n 9
\n 7
\n 7
\n 7
\nEmployer\u2019s contributions - social insurance and
\nother benefits
\n 182
\n 175
\n 30
\n 26
\n
\n 3,740
\n 3,645
\n 2,168
\n 2,100
\n
\n\n
\n\n
\n\nShare-based payment arrangements
\n
\nAt 31 December 2022, the Group had the following share-based payment arrangement:
\n
\nFollowing an extraordinary general meeting of the shareholders on the 28
\nth
\n March 2022, a share buyback program
\nwith the following conditions was approved:
\n
\nShare option program (equity-settled)
\n
\n\u2022 the maximum amount of money that can be used to realize the program is US$ 1,000
\n\u2022 the maximum number of shares that can be bought within the program is 2,000,000 shares
\n\u2022 the program's time frame is 12 months from the resolution date
\n\u2022 the shares purchased within the program could be held for a maximum of two years from acquisition
\n\u2022 the minimum price for transaction of purchase of shares within the program is PLN 1.0 per share with the
\nmaximum price of PLN 30.0 per share
\n
\n\n
\n\n
\n
\n
\n
\n
\n
\n
\n30. Related party transactions and balances (continued)
\n
\n
\n\nAt the end of 2022 the Company held a total of 328,800 (2021: nil) shares purchased for a total consideration of US$
\n996 (2021: US$ nil) (note 18).
\n
\n\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nSalaries and other benefits
\n 76,389
\n 69,760
\n 12,507
\n 10,020
\n
\n
\n
\n
\n
\n\nThe average number of employees for the year was
\n 2,222
\n 2,079
\n 220
\n 167
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag249": {
"value": "Plc",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag250": {
"value": "\nTransactions and balances of key management
\n
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nDirectors\u2019 remuneration and benefits - executive
\n 1,650
\n 1,706
\n 1,650
\n 1,706
\nDirectors\u2019 remuneration - non-executive
\n 25
\n 32
\n 25
\n 32
\nKey management remuneration
\n
\n
\n
\n
\nIn capacity as other key management personnel
\n 1,874
\n 1,725
\n 456
\n 329
\nEmployer\u2019s contributions - provident fund
\n 9
\n 7
\n 7
\n 7
\nEmployer\u2019s contributions - social insurance and
\nother benefits
\n 182
\n 175
\n 30
\n 26
\n
\n 3,740
\n 3,645
\n 2,168
\n 2,100
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag251": {
"value": "\nShare-based payment arrangements
\n
\nAt 31 December 2022, the Group had the following share-based payment arrangement:
\n
\nFollowing an extraordinary general meeting of the shareholders on the 28
\nth
\n March 2022, a share buyback program
\nwith the following conditions was approved:
\n
\nShare option program (equity-settled)
\n
\n\u2022 the maximum amount of money that can be used to realize the program is US$ 1,000
\n\u2022 the maximum number of shares that can be bought within the program is 2,000,000 shares
\n\u2022 the program's time frame is 12 months from the resolution date
\n\u2022 the shares purchased within the program could be held for a maximum of two years from acquisition
\n\u2022 the minimum price for transaction of purchase of shares within the program is PLN 1.0 per share with the
\nmaximum price of PLN 30.0 per share
\n
\n\nAt the end of 2022 the Company held a total of 328,800 (2021: nil) shares purchased for a total consideration of US$
\n996 (2021: US$ nil) (note 18).
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag252": {
"value": "\nThe average number of employees for the year was
\n 2,222
\n 2,079
\n 220
\n 167
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag253": {
"value": "\n
\n\n
\n\n31. Commitments and contingencies
\nThe Group
\n
\nAs at 31 December 2022 the Group was committed in respect of purchases of inventories of a total cost value of US$
\n32,603 (2021: US$ 9,937) which were in transit at 31 December 2022 and delivered in January 2023. Such inventories
\nand the corresponding liability towards the suppliers have not been included in these financial statements since,
\naccording to the terms of purchase, title of the goods has not passed to the Group at year end.
\n
\nAs at 31 December 2022 the Group was contingently liable to banks in respect of bank guarantees and letters of credit
\nlines of US$ 41,960 (2021: US$ 60,275) (note 19) which the Group has extended to its suppliers and other
\ncounterparties.
\n
\nAs at the 31st December 2022 the Group had no other capital or legal commitments and contingencies.
\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag254": {
"value": "\n
\n\n31. Commitments and contingencies
\nThe Group
\n
\nAs at 31 December 2022 the Group was committed in respect of purchases of inventories of a total cost value of US$
\n32,603 (2021: US$ 9,937) which were in transit at 31 December 2022 and delivered in January 2023. Such inventories
\nand the corresponding liability towards the suppliers have not been included in these financial statements since,
\naccording to the terms of purchase, title of the goods has not passed to the Group at year end.
\n
\nAs at 31 December 2022 the Group was contingently liable to banks in respect of bank guarantees and letters of credit
\nlines of US$ 41,960 (2021: US$ 60,275) (note 19) which the Group has extended to its suppliers and other
\ncounterparties.
\n
\nAs at the 31st December 2022 the Group had no other capital or legal commitments and contingencies.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag255": {
"value": "\n31. Commitments and contingencies
\nThe Group
\n
\nAs at 31 December 2022 the Group was committed in respect of purchases of inventories of a total cost value of US$
\n32,603 (2021: US$ 9,937) which were in transit at 31 December 2022 and delivered in January 2023. Such inventories
\nand the corresponding liability towards the suppliers have not been included in these financial statements since,
\naccording to the terms of purchase, title of the goods has not passed to the Group at year end.
\n
\nAs at 31 December 2022 the Group was contingently liable to banks in respect of bank guarantees and letters of credit
\nlines of US$ 41,960 (2021: US$ 60,275) (note 19) which the Group has extended to its suppliers and other
\ncounterparties.
\n
\nAs at the 31st December 2022 the Group had no other capital or legal commitments and contingencies.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag305": {
"value": "\n32. Earnings per share
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nProfit for the year attributable to members
\n 75,870
\n 77,067
\n
\n
\n
\nWeighted average number of shares for the purposes of basic and diluted earnings
\nper share
\n 55,500,000
\n 55,500,000
\n
\n
\n
\n
\nUS$ cents
\nUS$ cents
\n
\n
\n
\nBasic and diluted earnings per share
\n 137.10
\n 138.86
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag307": {
"value": "1.371",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"Tag308": {
"value": "1.3886",
"decimals": 4,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"Tag296": {
"value": "\n33. Business combinations
\n
\nThe Group
\n
\n1. Incorporations and acquisitions
\n
\n1.1 Incorporations of subsidiaries to 31 December 2022
\n
\nDuring the period the Group has incorporated 100% of the share capital of the following subsidiaries:
\n
\n
\nName of entity
\nType of operations
\nDate acquired/
\nincorporated
\n%
\nacquired/
\nincorporated
\n%
\nowned
\nACEAN.PL Sp. z.o.o (Poland)
\nInformation Technology
\n12 April 2022
\n100%
\n100%
\nEntoliva Ltd (Cyprus)
\nLand Development
\n8 August 2022
\n100%
\n100%
\nBreezy Poland (Poland)
\nInformation Technology
\n18 November 2022
\n100%
\n100%
\nASBC SRL (Moldova)
\nInformation Technology
\n8 November 2022
\n100%
\n100%
\nASBIS Hellas Single Member S.A. (Greece)
\nInformation Technology
\n18 November 2022
\n100%
\n100%
\nPrestigio Plaza Kft. (Hungary)
\nInformation Technology
\n24 November 2022
\n100%
\n100%
\nBreezy-M SRL (Moldova)
\nInformation Technology
\n8 December 2022
\n100%
\n100%
\n
\nIncorporations and acquisitions of subsidiaries to 31 December 2021
\n
\nDuring the year, the Group has incorporated the 100% share capital of ASBIS CA LLC, Vizuators LLC, Breezy Service
\nLLC, I.O. Clinic Latvia SIA, Joule Production SIA, ASBC LLC (Armenia), Breezy Georgia LLC and ASBC Entity LLC.
\n
\nName of entity
\nType of operations
\nDate incorporated
\n%
\nincorporated
\n%
\nowned
\nBreezy Trade-In Ltd (Cyprus)
\nInformation Technology
\n30 March 2021
\n30%
\n80%
\nASBIS CA LLC (Uzbekistan)
\nInformation Technology
\n5 February 2021
\n100%
\n100%
\nVizuators LLC (Belarus)
\nInformation Technology
\n1 February 2021
\n100%
\n100%
\nBreezy Service LLC (Ukraine)
\nInformation Technology
\n15 March 2021
\n100%
\n100%
\nI.O. Clinic Latvia SIA (Latvia)
\nInformation Technology
\n3 February 2021
\n100%
\n100%
\nJoule Production SIA (Latvia)
\nInformation Technology
\n8 January 2021
\n100%
\n100%
\nASBC LLC (Armenia)
\nInformation Technology
\n23 August 2021
\n100%
\n100%
\nBreezy Georgia LLC (Georgia)
\nInformation Technology
\n7 September 2021
\n100%
\n100%
\nASBC Entity OOO (Uzbekistan)
\nInformation Technology
\n15 December 2021
\n100%
\n100%
\n
\nDuring the year, the Group has acquired the 30% of the share capital of Breezy Trade-In Ltd.
\n
\nName of entity
\nType of operations
\nDate acquired
\n%
\nacquired
\n%
\nowned
\nBreezy Trade-In Ltd (Cyprus)
\nInformation Technology
\n30 March 2021
\n30%
\n80%
\n
\n\n
\n
\n33. Business combinations (continued)
\n
\n1.a. Acquired assets and liabilities
\n
\nThe net carrying value of underlying separately identifiable assets and liabilities transferred to the Group at the date
\nof acquisition was as follows:
\n
\n
\nAs at
\n31 December
\n2022
\nAs at
\n31 December
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nReceivables
\n-
\n11
\nOther payables and accruals
\n-
\n(1)
\nCash and cash equivalents
\n -
\n 53
\nNet identifiable assets
\n -
\n 63
\nGroup\u2019s interest in net assets acquired
\n -
\n 31
\nTotal purchase consideration
\n -
\n (31)
\nNet loss
\n -
\n -
\n
\n
\n
\n
\n\n1.2. Goodwill arising on acquisitions
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nAt 1 January
\n595
\n629
\nDisposals
\n(201)
\n-
\nForeign exchange difference on retranslation
\n (22)
\n (34)
\nAt 31 December
\n 372
\n 595
\n
\n
\nThe capitalized goodwill arose from the business combinations of the following subsidiaries:
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nOOO Must
\n -
\n 201
\nASBIS d.o.o. (BA)
\n 372
\n 394
\n
\n 372
\n 595
\n
\n\n
\n\n1.3. Impairment testing
\n
\nFor ASBIS d.o.o. (BA), a detailed impairment analysis was performed and based on the results it has been concluded
\nthat no impairment is required.
\n
\n\n
\n\n33. Business combinations (continued)
\n
\n
\n
\n2. Liquidations and disposals
\n
\nLiquidations and disposals of subsidiaries to 31 December 2022
\n
\nDuring the year, the following subsidiaries have been liquidated and disposed of and gain of US$ 1 arose on the event.
\n
\nName of disposed entity
\nType of operations
\nDate liquidated
\n% liquidated
\nPrivate Educational Institution \u201cCenter of
\nexcellence in Education for executives
\nand specialists in Information
\nTechnology (Belarus)
\nInformation Technology
\n19 May 2022
\n100%
\n
\n
\n
\n
\n
\n
\n
\n
\nName of disposed entity
\nType of operations
\nDate disposed
\n% sold
\nLLC Must (Russia)
\nInformation Technology
\n29 July 2022
\n100%
\nLiquidations of subsidiaries to 31 December 2021
\n
\nDuring the year, the following subsidiaries have been disposed of and a total loss of US$ 124 arose on the events.
\n
\nName of disposed entity
\nType of operations
\nDate liquidated
\n% liquidated
\nLLC Vizuatika (Belarus)
\nInformation Technology
\n24 May 2021
\n75%
\nLLC Vizuator (Belarus)
\nInformation Technology
\n24 May 2021
\n75%
\nVizuators LLC (Belarus)
\nInformation Technology
\n24 May 2021
\n100%
\nPrestigio Plaza Sp. Z o.o (Poland)
\nInformation Technology
\n25 October 2021
\n100%
\nAdvanced Systems Company LLC
\n(Kingdom of Saudi Arabia)
\nInformation Technology
\n30 October 2021
\n100%
\nAsbis TR Bilgisayar Limited Sirketi
\n(Turkey)
\nInformation Technology
\n30 November 2021
\n100%
\nOOO Avectis (Moscow)
\nInformation Technology
\n30 November 2021
\n100%
\nALC Avectis (Belarus)
\nInformation Technology
\n30 November 2021
\n100%
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag298": {
"value": "\n1.2. Goodwill arising on acquisitions
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nAt 1 January
\n595
\n629
\nDisposals
\n(201)
\n-
\nForeign exchange difference on retranslation
\n (22)
\n (34)
\nAt 31 December
\n 372
\n 595
\n
\n
\nThe capitalized goodwill arose from the business combinations of the following subsidiaries:
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nOOO Must
\n -
\n 201
\nASBIS d.o.o. (BA)
\n 372
\n 394
\n
\n 372
\n 595
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag302": {
"value": "\n1.3. Impairment testing
\n
\nFor ASBIS d.o.o. (BA), a detailed impairment analysis was performed and based on the results it has been concluded
\nthat no impairment is required.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag293": {
"value": "\n
\n34. Financial risk management
\n
\n1. Financial risk factors
\n
\nIn this note, references to the Group also relate to the Company.
\n
\nThe Group\u2019s activities expose it to credit risk, interest rate risk, liquidity risk and currency risk arising from the financial
\ninstruments it holds. The risk management policies employed by the Group to manage these risks are discussed below:
\n
\n\n1.1. Credit risk
\n
\nCredit risk is defined as the risk of failure of debtors to discharge their obligations towards the Group. The Group sets
\nup and maintains specific controls to mitigate its credit risk, as it realizes its importance for the Group\u2019s viability.
\n
\nThe Group had established and systematically follows a thorough procedure prior to registering new customers into its
\nsystem. Every new customer is checked both internally and via various reputable credit sources prior to such
\nregistration and, more importantly, prior to granting of any credit. The Group runs an internal credit department
\nconsisting of local, regional and corporate credit managers. Corporate managers decide for all significant credit line
\nrequests and review the work of regional and local managers. The Group uses all available credit tools \u2013 i.e. credit
\ninsurance, credit information bureaus, letter of guarantee \u2013 to safeguard itself from the credit risk. The Group have
\ninsured the majority of receivables during 2022.
\n
\n\n
\n\n
\n34. Financial risk management (continued)
\n
\n\nIt is of a strategic importance for the Group to place no reliance to any customer individually, since no customer is
\naccountable for material percentage of the total business.
\n
\nOngoing credit evaluation is performed on the financial condition of accounts receivable and, where appropriate, credit
\ninsurance is purchased. The credit risk on liquid funds and derivative financial instruments is determined by the credit
\nratings assigned to the financial institutions with which these funds are held.
\n
\nThe ageing profile of trade receivables is disclosed in note 16.
\n
\nThe tables below show an analysis of the Group's and Company\u2019s bank deposits at year end by credit rating of the
\nbank in which they are held:
\n
\nThe Group
\n
\n2022
\n2021
\nBased on credit ratings by Moody's; the cash at banks the Group held as at year end
\nare:
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nAa3
\n2,365
\n2,475
\nA1
\n5,503
\n28,223
\nA2
\n22,517
\n34,907
\nA3
\n22,969
\n30,552
\nBaa1
\n431
\n841
\nBaa3
\n13,928
\n999
\nBa1
\n234
\n1,079
\nBa2
\n791
\n318
\nBa3
\n481
\n222
\nB1
\n14,402
\n16,819
\nB2
\n105
\n165
\nB3
\n3
\n-
\nWithout credit rating
\n 50,869
\n 68,018
\n
\n 134,598
\n 184,618
\n
\n\n
\n\n
\n\n
\n\nTrade receivables and contract assets
\nExpected credit loss assessment based on collective model net of specific provision as at 31 December 2022 are:
\n
\n
\n
\nThe Group
\n
\n
\n2022
\n2022
\n2022
\n2021
\n2021
\n2021
\n
\nDefault
\nrate
\nGross
\ncarrying
\namount
\nLoss
\nallowance
\nDefault
\nrate
\nGross carrying
\namount
\nLoss
\nallowance
\n
\n%
\nUS$
\nUS$
\n%
\nUS$
\nUS$
\n
\n
\n
\n
\n
\n
\n
\nOutstanding but not due yet
\n0.02
\n276,219
\n64
\n0.01
\n322,510
\n 48
\nOverdue between 1-30 days
\n0.06
\n 22,869
\n13
\n0.04
\n 14,388
\n 5
\nOverdue between 30-60 days
\n1.54
\n 6,597
\n101
\n0.42
\n 2,451
\n 10
\nOverdue more than 60 days
\n7.18
\n 7,818
\n 561
\n2.12
\n 5,296
\n 112
\n
\n
\n 313,503
\n 739
\n
\n 344,645
\n 175
\n
\n\n
\n\n
\n\n
\n
\n34. Financial risk management (continued)
\n
\n\n1.2. Interest rate risk
\n
\nInterest rate risk is the risk that the value of financial instruments will fluctuate due to changes in market interest
\nrates. The Group\u2019s income and operating cash flows are dependent on changes in market interest rates. The Group
\ndeposits excess cash and borrows at variable rates. The Group\u2019s management monitor the interest rate fluctuations on
\na continuous basis and act accordingly.
\n
\n
\nAt the reporting date the profile of interest-bearing financial instruments was:
\n
\nSensitivity analysis
\nAn increase of 100 basis points in interest rates at 31 December 2022 would have decreased by the amounts shown
\nbelow. This analysis assumes that all other variables, in particular foreign currency rates, remain constant, as well as
\nit assumes that financial facilities outstanding at the end of the reporting period were also outstanding for the whole
\nyear. For a decrease of 100 basis points there would be an equal and opposite impact on the profit and loss. The
\nfigures below are before tax.
\n
\n
\n
\nProfit & loss
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nVariable rate instruments
\n
\n
\n
\n
\nOverdrafts
\n 422
\n 337
\n 51
\n 3
\nShort-term loans
\n984
\n700
\n -
\n -
\nLong-term loans
\n 6
\n 1
\n -
\n -
\nFactoring advances
\n 623
\n 731
\n 107
\n 128
\n
\n 2,035
\n 1,769
\n 158
\n 131
\n
\n\n
\n\n1.3. Liquidity risk
\n
\nLiquidity risk is the risk that arises when the maturity of assets and liabilities does not match. An unmatched position
\npotentially enhances profitability but can also increase the risk of losses. The Group has procedures with the object of
\nminimizing such losses such as maintaining sufficient cash and other highly liquid current assets and by having available
\nan adequate amount of committed credit facilities.
\n
\nThe following tables detail the remaining contractual maturity for financial liabilities. The tables have been drawn up
\nbased on the earliest date on which the Group/Company can be required to pay and include only principal cash flows.
\n
\n\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nVariable rate instruments
\n
\n
\n
\n
\nOverdrafts
\n 42,246
\n 33,698
\n 5,164
\n 342
\nShort-term loans
\n98,370
\n 70,126
\n -
\n -
\nLong-term loans
\n 553
\n 123
\n -
\n -
\nFactoring advances
\n 62,287
\n 73,143
\n 10,654
\n 12,755
\n
\n 203,456
\n 177,090
\n 15,818
\n 13,097
\n
\n\n
\n\n34. Financial risk management (continued)
\n
\nThe Group
\n31 December 2022
\nCarrying
\namounts
\nContractual
\ncash flows
\n3 months or
\nless
\n3-12 months
\n1-2 years
\n2-5 years
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nBank loans
\n98,924
\n 98,924
\n 86,410
\n 11,961
\n 107
\n446
\nBank overdrafts (Note 19)
\n 42,246
\n 42,246
\n 6,451
\n 35,795
\n -
\n -
\nFactoring creditors (Note
\n19)
\n62,287
\n 62,287
\n 60,118
\n 2,169
\n -
\n -
\nLease liabilities (Note 22)
\n 11,023
\n 11,023
\n 573
\n 1,820
\n 2,071
\n 6,559
\nTrade and other payables
\n 585,601
\n 585,601
\n 575,923
\n 9,678
\n -
\n -
\nTrade payables factoring
\nfacilities (Note 14)
\n
\n18,024
\n
\n18,024
\n
\n18,024
\n
\n -
\n
\n-
\n
\n-
\nOther short and long-term
\nliabilities
\n
\n 1,122
\n
\n 1,122
\n
\n 264
\n
\n -
\n
\n 150
\n
\n 708
\n
\n 819,227
\n 819,227
\n 747,763
\n 61,423
\n 2,328
\n 7,713
\n
\n31 December 2021
\nCarrying
\namounts
\nContractual
\ncash flows
\n3 months or
\nless
\n3-12 months
\n1-2 years
\n2-5 years
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nBank loans
\n 70,248
\n 70,248
\n 59,631
\n 10,495
\n 122
\n
\nBank overdrafts (Note 19)
\n 33,698
\n 33,698
\n 26,143
\n 7,555
\n -
\n -
\nFactoring creditors (Note
\n19)
\n 73,143
\n 73,143
\n 73,143
\n -
\n -
\n -
\nLease liabilities (Note 22)
\n 6,719
\n 6,719
\n 512
\n 1,225
\n 1,653
\n 3,329
\nTrade and other payables
\n 520,197
\n 520,197
\n 502,332
\n 17,865
\n -
\n -
\nTrade payables factoring
\nfacilities (Note 14)
\n
\n28,298
\n
\n28,298
\n
\n28,298
\n
\n -
\n
\n-
\n
\n-
\nOther short and long-term
\nliabilities
\n
\n 1,091
\n
\n 1,091
\n
\n 299
\n -
\n 150
\n
\n 642
\n
\n 733,394
\n 733,394
\n 690,358
\n 37,140
\n 1,925
\n 3,971
\n
\n\n
\n\n
\n34. Financial risk management (continued)
\n
\n\n1.4. Currency risk
\n
\nCurrency risk is the risk that the value of financial instruments will fluctuate due to changes in foreign exchange rates.
\nCurrency risk arises when future commercial transactions and recognized assets and liabilities are denominated in a
\ncurrency that is not the Group\u2019s/Company\u2019s measurement currency.
\n
\nThe Group uses short-term derivative financial instruments to minimize the risk on balances and material transactions
\ndenominated in currencies other than US Dollars, the Group\u2019s reporting currency. As a significant portion of the Group\u2019s
\ncash flow is denominated in Russian Ruble, Euro and other local currencies (i.e. the Czech Crown, the Polish Zloty, the
\nHungarian Forint, etc.), the Group raises debt in such currencies in order to hedge against foreign exchange risk.
\n
\nThe carrying amounts of the monetary assets and monetary liabilities at the reporting date are denominated in the
\nfollowing currencies:
\n
\nThe Group
\n
\n
\n
\n31 December 2022
\nCash at bank
\nand in hand
\n
\nReceivables
\n
\n
\nTrade and
\nother
\nliabilities
\nBorrowings
\n
\n
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS Dollar
\n 66,049
\n 28,873
\n (321,943)
\n (10,304)
\nEuro
\n 8,442
\n 79,840
\n (85,874)
\n (47,167)
\nRussian Ruble
\n 6,626
\n 29,532
\n (17,320)
\n (10,793)
\nPolish Zloty
\n 728
\n 6,932
\n (3,242)
\n (2,383)
\nCzech Koruna
\n 2,522
\n8,680
\n (3,342)
\n (6,400)
\nBelarusian Ruble
\n 790
\n 5,095
\n (2,784)
\n (14,505)
\nCroatian Kuna
\n 3,120
\n 3,230
\n (999)
\n (2,485)
\nRomanian New Lei
\n 483
\n 6,173
\n (1,278)
\n (2,589)
\nBulgarian Lev
\n 218
\n 4,095
\n (1,358)
\n (3,841)
\nHungarian Forint
\n 228
\n1,421
\n (542)
\n (61)
\nKazakhstan Tenge
\n 2,993
\n86,006
\n (33,197)
\n (70,297)
\nUkrainian Hryvnia
\n 34,761
\n 43,181
\n (81,681)
\n (25,161)
\nBosnian Mark
\n 728
\n 4,338
\n (664)
\n (3,441)
\nUnited Arab Emirates Dirham
\n 4,626
\n19,313
\n (25,487)
\n (13,199)
\nOther
\n 2,284
\n 4,508
\n (6,274)
\n (1,853)
\n
\n 134,598
\n 331,217
\n (585,985)
\n (214,479)
\nThe Group
\n
\n
\n
\n31 December 2021
\nCash at bank
\nand in hand
\n
\nReceivables
\n
\n
\nTrade and
\nother
\nliabilities
\nBorrowings
\n
\n
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS Dollar
\n 109,688
\n 63,005
\n (251,794)
\n (12,077)
\nEuro
\n 9,473
\n 58,998
\n (90,781)
\n (31,182)
\nRussian Ruble
\n 1,000
\n 28,792
\n (31,131)
\n (10,267)
\nPolish Zloty
\n 497
\n 3,672
\n (2,529)
\n (1,251)
\nCzech Koruna
\n 2,653
\n9,535
\n (3,613)
\n (8,167)
\nBelarusian Ruble
\n 6,114
\n 8,459
\n (10,383)
\n (15,765)
\nCroatian Kuna
\n 3,524
\n 2,183
\n (1,004)
\n (2,528)
\nRomanian New Lei
\n 1,433
\n 6,524
\n (1,349)
\n (3,226)
\nBulgarian Lev
\n 451
\n 3,838
\n (1,310)
\n (1,904)
\nHungarian Forint
\n 123
\n 1,292
\n (526)
\n (67)
\nKazakhstan Tenge
\n 1,666
\n 61,623
\n (17,544)
\n (49,468)
\nUkrainian Hryvnia
\n 37,714
\n 83,596
\n (88,355)
\n (36,561)
\nBosnian Mark
\n 477
\n 3,548
\n (629)
\n (2,303)
\nUnited Arab Emirates Dirham
\n 8,667
\n15,819
\n (17,824)
\n (6,471)
\nOther
\n 1,138
\n 3,195
\n (2,053)
\n (2,572)
\n
\n 184,618
\n 354,079
\n (520,825)
\n (183,809)
\n
\n\n
\n\n
\n
\n\n
\n\n
\n\n2. Fair values
\n
\nThe Group and the Company
\n
\nFinancial instruments comprise financial assets and financial liabilities. Financial assets mainly consist of bank balances,
\nreceivables and investments. Financial liabilities mainly consist of trade payables, factoring balances, bank overdrafts
\nand loans. The Directors consider that the carrying amount of the Company\u2019s/Group\u2019s financial instruments
\napproximate their fair value at the reporting date. Financial assets and financial liabilities carried at fair value through
\nprofit or loss represent foreign currency derivative contracts categorized as a Level 2 (quoted prices (unadjusted) in
\nactive markets for identical assets or liabilities) fair value hierarchy.
\n
\n\n
\n\n
\n\n
\n\n3. Capital risk management
\n
\nThe Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while
\nmaximizing the return to stakeholders through optimization of debt and equity. The Group\u2019s overall strategy remains
\nunchanged from 2021.
\n
\nThe capital structure of the Group consists of debt, which includes borrowings, cash and cash equivalents and equity
\nattributable to equity holders of the parent, comprising issued capital, reserves and retained earnings.
\n
\nGearing ratio
\n
\nThe Group\u2019s risk management committee reviews the capital structure on a semi-annual basis. As part of this review,
\nthe committee considers the cost of capital and the risk associated with it.
\n
\n\n
\n\n
\n\n34. Financial risk management (continued)
\n
\nThe Group
\nThe net gearing ratio at the year-end was as follows:
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nDebt (i)
\n 203,456
\n 177,089
\nCash at bank and in hand
\n (134,598)
\n (184,618)
\nNet debt
\n 68,858
\n (7,529)
\n
\n
\n
\nEquity (ii)
\n 244,180
\n 189,464
\n
\n
\n
\nNet debt to equity ratio
\n 28.20%
\n -
\n
\n
\n
\n (i) Debt includes short-term (factoring advances, overdrafts and short-term loans) and long-term
\n borrowings.
\n (ii) Equity includes all capital and reserves.
\n
\n\n
\n\n
\n\n
\n\n
\n\n4. Fair value estimation
\n
\nThe table below analyses financial instruments carried at fair value by valuation method. The different levels have been
\ndefined as follows:
\n
\n\u2022 Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).
\n\u2022 Inputs other than quoted prices included within level 1 that are observable for the asset or liability,
\neither directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).
\n\u2022 Inputs for the asset or liability that are not based on observable market data (that is, unobservable
\ninputs) (level 3).
\n
\nThe following table presents the fair value hierarchy of the Group\u2019s and the Company's assets as at 31 December:
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nLevel 2
\nLevel 2
\nLevel 2
\nLevel 2
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nAssets
\n
\n
\n
\n
\nDerivative financial assets
\n 413
\n 192
\n 316
\n 164
\nLiabilities
\n
\n
\n
\n
\nDerivative financial liabilities
\n 263
\n 299
\n 256
\n 129
\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\n
\n\n34. Financial risk management (continued)
\n
\nThe fair value of financial instruments that are not traded in an active market (for example, unlisted equity securities)
\nis determined by using valuation techniques. These valuation techniques maximize the use of observable market data
\nwhere it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair
\nvalue an instrument are observable, the instrument is included in level 2.
\n
\n\n
\n\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag294": {
"value": "\n1.1. Credit risk
\n
\nCredit risk is defined as the risk of failure of debtors to discharge their obligations towards the Group. The Group sets
\nup and maintains specific controls to mitigate its credit risk, as it realizes its importance for the Group\u2019s viability.
\n
\nThe Group had established and systematically follows a thorough procedure prior to registering new customers into its
\nsystem. Every new customer is checked both internally and via various reputable credit sources prior to such
\nregistration and, more importantly, prior to granting of any credit. The Group runs an internal credit department
\nconsisting of local, regional and corporate credit managers. Corporate managers decide for all significant credit line
\nrequests and review the work of regional and local managers. The Group uses all available credit tools \u2013 i.e. credit
\ninsurance, credit information bureaus, letter of guarantee \u2013 to safeguard itself from the credit risk. The Group have
\ninsured the majority of receivables during 2022.
\n
\n\nIt is of a strategic importance for the Group to place no reliance to any customer individually, since no customer is
\naccountable for material percentage of the total business.
\n
\nOngoing credit evaluation is performed on the financial condition of accounts receivable and, where appropriate, credit
\ninsurance is purchased. The credit risk on liquid funds and derivative financial instruments is determined by the credit
\nratings assigned to the financial institutions with which these funds are held.
\n
\nThe ageing profile of trade receivables is disclosed in note 16.
\n
\nThe tables below show an analysis of the Group's and Company\u2019s bank deposits at year end by credit rating of the
\nbank in which they are held:
\n
\nThe Group
\n
\n2022
\n2021
\nBased on credit ratings by Moody's; the cash at banks the Group held as at year end
\nare:
\nUS$
\nUS$
\n
\n
\n
\n
\n
\nAa3
\n2,365
\n2,475
\nA1
\n5,503
\n28,223
\nA2
\n22,517
\n34,907
\nA3
\n22,969
\n30,552
\nBaa1
\n431
\n841
\nBaa3
\n13,928
\n999
\nBa1
\n234
\n1,079
\nBa2
\n791
\n318
\nBa3
\n481
\n222
\nB1
\n14,402
\n16,819
\nB2
\n105
\n165
\nB3
\n3
\n-
\nWithout credit rating
\n 50,869
\n 68,018
\n
\n 134,598
\n 184,618
\n
\n\n
\n\nTrade receivables and contract assets
\nExpected credit loss assessment based on collective model net of specific provision as at 31 December 2022 are:
\n
\n
\n
\nThe Group
\n
\n
\n2022
\n2022
\n2022
\n2021
\n2021
\n2021
\n
\nDefault
\nrate
\nGross
\ncarrying
\namount
\nLoss
\nallowance
\nDefault
\nrate
\nGross carrying
\namount
\nLoss
\nallowance
\n
\n%
\nUS$
\nUS$
\n%
\nUS$
\nUS$
\n
\n
\n
\n
\n
\n
\n
\nOutstanding but not due yet
\n0.02
\n276,219
\n64
\n0.01
\n322,510
\n 48
\nOverdue between 1-30 days
\n0.06
\n 22,869
\n13
\n0.04
\n 14,388
\n 5
\nOverdue between 30-60 days
\n1.54
\n 6,597
\n101
\n0.42
\n 2,451
\n 10
\nOverdue more than 60 days
\n7.18
\n 7,818
\n 561
\n2.12
\n 5,296
\n 112
\n
\n
\n 313,503
\n 739
\n
\n 344,645
\n 175
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag300": {
"value": "\nTrade receivables and contract assets
\nExpected credit loss assessment based on collective model net of specific provision as at 31 December 2022 are:
\n
\n
\n
\nThe Group
\n
\n
\n2022
\n2022
\n2022
\n2021
\n2021
\n2021
\n
\nDefault
\nrate
\nGross
\ncarrying
\namount
\nLoss
\nallowance
\nDefault
\nrate
\nGross carrying
\namount
\nLoss
\nallowance
\n
\n%
\nUS$
\nUS$
\n%
\nUS$
\nUS$
\n
\n
\n
\n
\n
\n
\n
\nOutstanding but not due yet
\n0.02
\n276,219
\n64
\n0.01
\n322,510
\n 48
\nOverdue between 1-30 days
\n0.06
\n 22,869
\n13
\n0.04
\n 14,388
\n 5
\nOverdue between 30-60 days
\n1.54
\n 6,597
\n101
\n0.42
\n 2,451
\n 10
\nOverdue more than 60 days
\n7.18
\n 7,818
\n 561
\n2.12
\n 5,296
\n 112
\n
\n
\n 313,503
\n 739
\n
\n 344,645
\n 175
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag297": {
"value": "\n1.2. Interest rate risk
\n
\nInterest rate risk is the risk that the value of financial instruments will fluctuate due to changes in market interest
\nrates. The Group\u2019s income and operating cash flows are dependent on changes in market interest rates. The Group
\ndeposits excess cash and borrows at variable rates. The Group\u2019s management monitor the interest rate fluctuations on
\na continuous basis and act accordingly.
\n
\n
\nAt the reporting date the profile of interest-bearing financial instruments was:
\n
\nSensitivity analysis
\nAn increase of 100 basis points in interest rates at 31 December 2022 would have decreased by the amounts shown
\nbelow. This analysis assumes that all other variables, in particular foreign currency rates, remain constant, as well as
\nit assumes that financial facilities outstanding at the end of the reporting period were also outstanding for the whole
\nyear. For a decrease of 100 basis points there would be an equal and opposite impact on the profit and loss. The
\nfigures below are before tax.
\n
\n
\n
\nProfit & loss
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nVariable rate instruments
\n
\n
\n
\n
\nOverdrafts
\n 422
\n 337
\n 51
\n 3
\nShort-term loans
\n984
\n700
\n -
\n -
\nLong-term loans
\n 6
\n 1
\n -
\n -
\nFactoring advances
\n 623
\n 731
\n 107
\n 128
\n
\n 2,035
\n 1,769
\n 158
\n 131
\n
\n\n1.4. Currency risk
\n
\nCurrency risk is the risk that the value of financial instruments will fluctuate due to changes in foreign exchange rates.
\nCurrency risk arises when future commercial transactions and recognized assets and liabilities are denominated in a
\ncurrency that is not the Group\u2019s/Company\u2019s measurement currency.
\n
\nThe Group uses short-term derivative financial instruments to minimize the risk on balances and material transactions
\ndenominated in currencies other than US Dollars, the Group\u2019s reporting currency. As a significant portion of the Group\u2019s
\ncash flow is denominated in Russian Ruble, Euro and other local currencies (i.e. the Czech Crown, the Polish Zloty, the
\nHungarian Forint, etc.), the Group raises debt in such currencies in order to hedge against foreign exchange risk.
\n
\nThe carrying amounts of the monetary assets and monetary liabilities at the reporting date are denominated in the
\nfollowing currencies:
\n
\nThe Group
\n
\n
\n
\n31 December 2022
\nCash at bank
\nand in hand
\n
\nReceivables
\n
\n
\nTrade and
\nother
\nliabilities
\nBorrowings
\n
\n
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS Dollar
\n 66,049
\n 28,873
\n (321,943)
\n (10,304)
\nEuro
\n 8,442
\n 79,840
\n (85,874)
\n (47,167)
\nRussian Ruble
\n 6,626
\n 29,532
\n (17,320)
\n (10,793)
\nPolish Zloty
\n 728
\n 6,932
\n (3,242)
\n (2,383)
\nCzech Koruna
\n 2,522
\n8,680
\n (3,342)
\n (6,400)
\nBelarusian Ruble
\n 790
\n 5,095
\n (2,784)
\n (14,505)
\nCroatian Kuna
\n 3,120
\n 3,230
\n (999)
\n (2,485)
\nRomanian New Lei
\n 483
\n 6,173
\n (1,278)
\n (2,589)
\nBulgarian Lev
\n 218
\n 4,095
\n (1,358)
\n (3,841)
\nHungarian Forint
\n 228
\n1,421
\n (542)
\n (61)
\nKazakhstan Tenge
\n 2,993
\n86,006
\n (33,197)
\n (70,297)
\nUkrainian Hryvnia
\n 34,761
\n 43,181
\n (81,681)
\n (25,161)
\nBosnian Mark
\n 728
\n 4,338
\n (664)
\n (3,441)
\nUnited Arab Emirates Dirham
\n 4,626
\n19,313
\n (25,487)
\n (13,199)
\nOther
\n 2,284
\n 4,508
\n (6,274)
\n (1,853)
\n
\n 134,598
\n 331,217
\n (585,985)
\n (214,479)
\nThe Group
\n
\n
\n
\n31 December 2021
\nCash at bank
\nand in hand
\n
\nReceivables
\n
\n
\nTrade and
\nother
\nliabilities
\nBorrowings
\n
\n
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS Dollar
\n 109,688
\n 63,005
\n (251,794)
\n (12,077)
\nEuro
\n 9,473
\n 58,998
\n (90,781)
\n (31,182)
\nRussian Ruble
\n 1,000
\n 28,792
\n (31,131)
\n (10,267)
\nPolish Zloty
\n 497
\n 3,672
\n (2,529)
\n (1,251)
\nCzech Koruna
\n 2,653
\n9,535
\n (3,613)
\n (8,167)
\nBelarusian Ruble
\n 6,114
\n 8,459
\n (10,383)
\n (15,765)
\nCroatian Kuna
\n 3,524
\n 2,183
\n (1,004)
\n (2,528)
\nRomanian New Lei
\n 1,433
\n 6,524
\n (1,349)
\n (3,226)
\nBulgarian Lev
\n 451
\n 3,838
\n (1,310)
\n (1,904)
\nHungarian Forint
\n 123
\n 1,292
\n (526)
\n (67)
\nKazakhstan Tenge
\n 1,666
\n 61,623
\n (17,544)
\n (49,468)
\nUkrainian Hryvnia
\n 37,714
\n 83,596
\n (88,355)
\n (36,561)
\nBosnian Mark
\n 477
\n 3,548
\n (629)
\n (2,303)
\nUnited Arab Emirates Dirham
\n 8,667
\n15,819
\n (17,824)
\n (6,471)
\nOther
\n 1,138
\n 3,195
\n (2,053)
\n (2,572)
\n
\n 184,618
\n 354,079
\n (520,825)
\n (183,809)
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag301": {
"value": "\n1.3. Liquidity risk
\n
\nLiquidity risk is the risk that arises when the maturity of assets and liabilities does not match. An unmatched position
\npotentially enhances profitability but can also increase the risk of losses. The Group has procedures with the object of
\nminimizing such losses such as maintaining sufficient cash and other highly liquid current assets and by having available
\nan adequate amount of committed credit facilities.
\n
\nThe following tables detail the remaining contractual maturity for financial liabilities. The tables have been drawn up
\nbased on the earliest date on which the Group/Company can be required to pay and include only principal cash flows.
\n
\n\n34. Financial risk management (continued)
\n
\nThe Group
\n31 December 2022
\nCarrying
\namounts
\nContractual
\ncash flows
\n3 months or
\nless
\n3-12 months
\n1-2 years
\n2-5 years
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nBank loans
\n98,924
\n 98,924
\n 86,410
\n 11,961
\n 107
\n446
\nBank overdrafts (Note 19)
\n 42,246
\n 42,246
\n 6,451
\n 35,795
\n -
\n -
\nFactoring creditors (Note
\n19)
\n62,287
\n 62,287
\n 60,118
\n 2,169
\n -
\n -
\nLease liabilities (Note 22)
\n 11,023
\n 11,023
\n 573
\n 1,820
\n 2,071
\n 6,559
\nTrade and other payables
\n 585,601
\n 585,601
\n 575,923
\n 9,678
\n -
\n -
\nTrade payables factoring
\nfacilities (Note 14)
\n
\n18,024
\n
\n18,024
\n
\n18,024
\n
\n -
\n
\n-
\n
\n-
\nOther short and long-term
\nliabilities
\n
\n 1,122
\n
\n 1,122
\n
\n 264
\n
\n -
\n
\n 150
\n
\n 708
\n
\n 819,227
\n 819,227
\n 747,763
\n 61,423
\n 2,328
\n 7,713
\n
\n31 December 2021
\nCarrying
\namounts
\nContractual
\ncash flows
\n3 months or
\nless
\n3-12 months
\n1-2 years
\n2-5 years
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nUS$
\nBank loans
\n 70,248
\n 70,248
\n 59,631
\n 10,495
\n 122
\n
\nBank overdrafts (Note 19)
\n 33,698
\n 33,698
\n 26,143
\n 7,555
\n -
\n -
\nFactoring creditors (Note
\n19)
\n 73,143
\n 73,143
\n 73,143
\n -
\n -
\n -
\nLease liabilities (Note 22)
\n 6,719
\n 6,719
\n 512
\n 1,225
\n 1,653
\n 3,329
\nTrade and other payables
\n 520,197
\n 520,197
\n 502,332
\n 17,865
\n -
\n -
\nTrade payables factoring
\nfacilities (Note 14)
\n
\n28,298
\n
\n28,298
\n
\n28,298
\n
\n -
\n
\n-
\n
\n-
\nOther short and long-term
\nliabilities
\n
\n 1,091
\n
\n 1,091
\n
\n 299
\n -
\n 150
\n
\n 642
\n
\n 733,394
\n 733,394
\n 690,358
\n 37,140
\n 1,925
\n 3,971
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag299": {
"value": "\n
\n\n2. Fair values
\n
\nThe Group and the Company
\n
\nFinancial instruments comprise financial assets and financial liabilities. Financial assets mainly consist of bank balances,
\nreceivables and investments. Financial liabilities mainly consist of trade payables, factoring balances, bank overdrafts
\nand loans. The Directors consider that the carrying amount of the Company\u2019s/Group\u2019s financial instruments
\napproximate their fair value at the reporting date. Financial assets and financial liabilities carried at fair value through
\nprofit or loss represent foreign currency derivative contracts categorized as a Level 2 (quoted prices (unadjusted) in
\nactive markets for identical assets or liabilities) fair value hierarchy.
\n
\n\n
\n\n
\n\n4. Fair value estimation
\n
\nThe table below analyses financial instruments carried at fair value by valuation method. The different levels have been
\ndefined as follows:
\n
\n\u2022 Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).
\n\u2022 Inputs other than quoted prices included within level 1 that are observable for the asset or liability,
\neither directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).
\n\u2022 Inputs for the asset or liability that are not based on observable market data (that is, unobservable
\ninputs) (level 3).
\n
\nThe following table presents the fair value hierarchy of the Group\u2019s and the Company's assets as at 31 December:
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nLevel 2
\nLevel 2
\nLevel 2
\nLevel 2
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nAssets
\n
\n
\n
\n
\nDerivative financial assets
\n 413
\n 192
\n 316
\n 164
\nLiabilities
\n
\n
\n
\n
\nDerivative financial liabilities
\n 263
\n 299
\n 256
\n 129
\n
\n\n
\n\n
\n\n34. Financial risk management (continued)
\n
\nThe fair value of financial instruments that are not traded in an active market (for example, unlisted equity securities)
\nis determined by using valuation techniques. These valuation techniques maximize the use of observable market data
\nwhere it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair
\nvalue an instrument are observable, the instrument is included in level 2.
\n
\n\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag295": {
"value": "\n2. Fair values
\n
\nThe Group and the Company
\n
\nFinancial instruments comprise financial assets and financial liabilities. Financial assets mainly consist of bank balances,
\nreceivables and investments. Financial liabilities mainly consist of trade payables, factoring balances, bank overdrafts
\nand loans. The Directors consider that the carrying amount of the Company\u2019s/Group\u2019s financial instruments
\napproximate their fair value at the reporting date. Financial assets and financial liabilities carried at fair value through
\nprofit or loss represent foreign currency derivative contracts categorized as a Level 2 (quoted prices (unadjusted) in
\nactive markets for identical assets or liabilities) fair value hierarchy.
\n
\n\n4. Fair value estimation
\n
\nThe table below analyses financial instruments carried at fair value by valuation method. The different levels have been
\ndefined as follows:
\n
\n\u2022 Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).
\n\u2022 Inputs other than quoted prices included within level 1 that are observable for the asset or liability,
\neither directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).
\n\u2022 Inputs for the asset or liability that are not based on observable market data (that is, unobservable
\ninputs) (level 3).
\n
\nThe following table presents the fair value hierarchy of the Group\u2019s and the Company's assets as at 31 December:
\n
\n
\nThe Group
\nThe Company
\n
\n2022
\n2021
\n2022
\n2021
\n
\nLevel 2
\nLevel 2
\nLevel 2
\nLevel 2
\n
\nUS$
\nUS$
\nUS$
\nUS$
\nAssets
\n
\n
\n
\n
\nDerivative financial assets
\n 413
\n 192
\n 316
\n 164
\nLiabilities
\n
\n
\n
\n
\nDerivative financial liabilities
\n 263
\n 299
\n 256
\n 129
\n
\n\n34. Financial risk management (continued)
\n
\nThe fair value of financial instruments that are not traded in an active market (for example, unlisted equity securities)
\nis determined by using valuation techniques. These valuation techniques maximize the use of observable market data
\nwhere it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair
\nvalue an instrument are observable, the instrument is included in level 2.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag304": {
"value": "\n3. Capital risk management
\n
\nThe Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while
\nmaximizing the return to stakeholders through optimization of debt and equity. The Group\u2019s overall strategy remains
\nunchanged from 2021.
\n
\nThe capital structure of the Group consists of debt, which includes borrowings, cash and cash equivalents and equity
\nattributable to equity holders of the parent, comprising issued capital, reserves and retained earnings.
\n
\nGearing ratio
\n
\nThe Group\u2019s risk management committee reviews the capital structure on a semi-annual basis. As part of this review,
\nthe committee considers the cost of capital and the risk associated with it.
\n
\n\n34. Financial risk management (continued)
\n
\nThe Group
\nThe net gearing ratio at the year-end was as follows:
\n
\n2022
\n2021
\n
\nUS$
\nUS$
\n
\n
\n
\nDebt (i)
\n 203,456
\n 177,089
\nCash at bank and in hand
\n (134,598)
\n (184,618)
\nNet debt
\n 68,858
\n (7,529)
\n
\n
\n
\nEquity (ii)
\n 244,180
\n 189,464
\n
\n
\n
\nNet debt to equity ratio
\n 28.20%
\n -
\n
\n
\n
\n (i) Debt includes short-term (factoring advances, overdrafts and short-term loans) and long-term
\n borrowings.
\n (ii) Equity includes all capital and reserves.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag303": {
"value": "\n36. Dividends
\n
\nOur dividend policy is to pay dividends at levels consistent with our growth and development plans, while maintaining
\na reasonable level of liquidity. During the year, the following dividends were declared and paid by the Company:
\n
\n
\n\u2022 A final dividend of US$ 0.10 per share for the year 2021, amounting to US$ 5,550
\n\u2022 An interim dividend of US$ 0.20 per share for the year 2022, amounting to US$ 11,100
\n
\nDuring 2021, the following dividends were declared and paid by the Company:
\n
\n\u2022 A final dividend of US$ 0.20 per share for the year 2020, amounting to US$ 11,100
\n\u2022 An interim dividend of US$ 0.20 per share for the year 2021, amounting to US$ 11,100
\n
\nThe Board of Directors also proposes the payment of a final dividend of US$ 0.25 per share for the year 2022,
\namounting to US$ 13,875 based on improved 2022 profitability.
\n
\n",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDividendsExplanatory",
"language": "en",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
}
},
"Tag306": {
"value": "0.25",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"Tag292": {
"value": "13875000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
"entity": "scheme:5493003481YS4B91ZS67",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
}
}
}