{
 "documentInfo": {
  "documentType": "https://xbrl.org/2021/xbrl-json",
  "features": {
   "xbrl:canonicalValues": true
  },
  "namespaces": {
   "AGF": "http://agfa.com/2022-12-31",
   "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://agfa.com/2022-12-31/549300IHBDUTUNQJJB79-2022-12-31.xsd"
  ]
 },
 "facts": {
  "f506": {
   "value": "Agfa-Gevaert Group",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-2-1": {
   "value": "BelgiumBelgium",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-3-1": {
   "value": "The Agfa-Gevaert Group is a leading company in imaging technology, with over 150 years of experience. Agfa develops, manufactures and markets analogue and digital systems for the printing industry, the healthcare sec-tor, and speci\ue61fc industrial applications.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f1251": {
   "value": "Agfa-Gevaert ",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f1486": {
   "value": "Agfa-Gevaert",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f3064": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-7-2": {
   "value": "BelgiumBelgium",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f3343": {
   "value": "NV",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-10-1": {
   "value": " <span class=\"ff9\">\u00b7<span class=\"_ _e3\"> </span><span class=\"ff1 ws37\">the consolidated \ue615nancial statements giv<span class=\"_ _0\"></span>e a true and <span class=\"_ _0\"></span>fai<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span> of <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span> Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>s net </span></span>worth and \ue615nancial position and of its res<span class=\"_ _0\"></span>ults in accordance w<span class=\"_ _0\"></span>ith International <span class=\"_ _83\"></span><span class=\"ls1 ws1\"> </span>Financial Reporting Standar<span class=\"_ _2\"></span>ds as adopted by the EU<span class=\"_ _0\"></span>;",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f25083": {
   "value": "1760000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Revenue",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25086": {
   "value": "1857000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Revenue",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25090": {
   "value": "1263000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CostOfSales",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25093": {
   "value": "1329000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CostOfSales",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25097": {
   "value": "497000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:GrossProfit",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25100": {
   "value": "528000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:GrossProfit",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25104": {
   "value": "231000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:SellingExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25107": {
   "value": "249000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:SellingExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25111": {
   "value": "95000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ResearchAndDevelopmentExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25114": {
   "value": "101000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ResearchAndDevelopmentExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25118": {
   "value": "155000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdministrativeExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25121": {
   "value": "182000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdministrativeExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25126": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25129": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25134": {
   "value": "41000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:MiscellaneousOtherOperatingIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25137": {
   "value": "27000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:MiscellaneousOtherOperatingIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25142": {
   "value": "47000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:MiscellaneousOtherOperatingExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25145": {
   "value": "182000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:MiscellaneousOtherOperatingExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25151": {
   "value": "9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:ProfitLossFromOperatingActivitiesFromContinuingOperations",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25154": {
   "value": "-160000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:ProfitLossFromOperatingActivitiesFromContinuingOperations",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25158": {
   "value": "-1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InterestRevenueExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25161": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InterestRevenueExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25166": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:RevenueFromInterest",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25169": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:RevenueFromInterest",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25174": {
   "value": "3000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InterestExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25177": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InterestExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25181": {
   "value": "-6000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherFinanceIncomeCost",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25184": {
   "value": "-20000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherFinanceIncomeCost",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25189": {
   "value": "10000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherFinanceIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25192": {
   "value": "6000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherFinanceIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25197": {
   "value": "16000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherFinanceCost",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25200": {
   "value": "26000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherFinanceCost",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25204": {
   "value": "-8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:FinanceIncomeCost",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25207": {
   "value": "-19000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:FinanceIncomeCost",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25212": {
   "value": "-0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25215": {
   "value": "-1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25219": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25222": {
   "value": "-181000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25227": {
   "value": "15000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25230": {
   "value": "42000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25234": {
   "value": "-14000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25237": {
   "value": "-223000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25243": {
   "value": "-17000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25246": {
   "value": "-221000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25250": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25253": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25259": {
   "value": "-0.11",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:BasicEarningsLossPerShare",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "f25260": {
   "value": "-0.11",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DilutedEarningsLossPerShare",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "f25263": {
   "value": "-1.41",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:BasicEarningsLossPerShare",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "f25264": {
   "value": "-1.41",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DilutedEarningsLossPerShare",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "f25290": {
   "value": "-14000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25293": {
   "value": "-223000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25298": {
   "value": "21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25301": {
   "value": "7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25305": {
   "value": "30000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25308": {
   "value": "7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25313": {
   "value": "30000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25316": {
   "value": "7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25320": {
   "value": "-9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25323": {
   "value": "-0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25328": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25331": {
   "value": "-5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25336": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25339": {
   "value": "-5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25344": {
   "value": "13000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25347": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25352": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25355": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25359": {
   "value": "91000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25362": {
   "value": "123000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25367": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25370": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25375": {
   "value": "96000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25378": {
   "value": "148000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25383": {
   "value": "7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25386": {
   "value": "23000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25391": {
   "value": "112000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25394": {
   "value": "130000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25399": {
   "value": "99000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25402": {
   "value": "-93000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25407": {
   "value": "91000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25410": {
   "value": "-91000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25414": {
   "value": "8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25417": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25446": {
   "value": "756000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25449": {
   "value": "602000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25454": {
   "value": "280000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Goodwill",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25457": {
   "value": "218000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Goodwill",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25462": {
   "value": "13000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25465": {
   "value": "29000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25471": {
   "value": "129000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PropertyPlantAndEquipment",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25474": {
   "value": "107000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PropertyPlantAndEquipment",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25479": {
   "value": "68000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:RightofuseAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25482": {
   "value": "45000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:RightofuseAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25487": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25490": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25495": {
   "value": "8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentFinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25498": {
   "value": "5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentFinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25503": {
   "value": "40000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentRecognisedAssetsDefinedBenefitPlan",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25506": {
   "value": "18000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentRecognisedAssetsDefinedBenefitPlan",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25512": {
   "value": "12000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentTradeReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25515": {
   "value": "9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentTradeReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25520": {
   "value": "70000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentFinanceLeaseReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25523": {
   "value": "72000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentFinanceLeaseReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25528": {
   "value": "11000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentNonfinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25531": {
   "value": "8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentNonfinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25536": {
   "value": "124000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25539": {
   "value": "91000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25543": {
   "value": "1339000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25546": {
   "value": "1153000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25551": {
   "value": "418000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Inventories",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25554": {
   "value": "487000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Inventories",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25560": {
   "value": "307000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentTradeReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25563": {
   "value": "291000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentTradeReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25568": {
   "value": "76000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentContractAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25571": {
   "value": "94000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentContractAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25576": {
   "value": "63000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxAssetsCurrent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25579": {
   "value": "56000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxAssetsCurrent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25584": {
   "value": "19000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25587": {
   "value": "28000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25592": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentFinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25595": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentFinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25600": {
   "value": "30000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentFinanceLeaseReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25603": {
   "value": "31000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentFinanceLeaseReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25608": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25611": {
   "value": "6000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25616": {
   "value": "18000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentNonfinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25619": {
   "value": "17000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentNonfinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25624": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentDerivativeFinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25627": {
   "value": "3000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentDerivativeFinancialAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25632": {
   "value": "398000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25635": {
   "value": "138000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25640": {
   "value": "3000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25643": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25649": {
   "value": "2095000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Assets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25652": {
   "value": "1756000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Assets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25659": {
   "value": "685000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25662": {
   "value": "561000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25666": {
   "value": "632000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:EquityAttributableToOwnersOfParent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25669": {
   "value": "520000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:EquityAttributableToOwnersOfParent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25673": {
   "value": "187000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IssuedCapital",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25676": {
   "value": "187000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IssuedCapital",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25680": {
   "value": "210000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:SharePremium",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25683": {
   "value": "210000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:SharePremium",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25687": {
   "value": "1284000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:RetainedEarnings",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25690": {
   "value": "1042000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:RetainedEarnings",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25694": {
   "value": "-1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherReserves",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25697": {
   "value": "-3000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherReserves",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25702": {
   "value": "-15000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25705": {
   "value": "-9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25709": {
   "value": "-1033000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlans",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25712": {
   "value": "-908000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlans",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25718": {
   "value": "54000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncontrollingInterests",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25721": {
   "value": "41000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncontrollingInterests",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25725": {
   "value": "812000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25728": {
   "value": "610000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25733": {
   "value": "735000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25736": {
   "value": "536000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25741": {
   "value": "11000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25744": {
   "value": "9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25749": {
   "value": "46000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:LongtermBorrowings",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25752": {
   "value": "41000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:LongtermBorrowings",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25757": {
   "value": "12000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentProvisions",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25760": {
   "value": "14000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentProvisions",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25765": {
   "value": "6000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25768": {
   "value": "9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25773": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentContractLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25776": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentContractLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25780": {
   "value": "597000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25783": {
   "value": "585000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25788": {
   "value": "27000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ShorttermBorrowings",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25791": {
   "value": "25000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ShorttermBorrowings",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25796": {
   "value": "42000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentProvisions",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25799": {
   "value": "36000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentProvisions",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25805": {
   "value": "252000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25808": {
   "value": "249000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25813": {
   "value": "111000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentContractLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25816": {
   "value": "109000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentContractLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25821": {
   "value": "28000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25824": {
   "value": "29000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25829": {
   "value": "28000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25832": {
   "value": "32000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25837": {
   "value": "9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentPayables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25840": {
   "value": "6000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentPayables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25845": {
   "value": "99000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentProvisionsForEmployeeBenefits",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25848": {
   "value": "95000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentProvisionsForEmployeeBenefits",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25852": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25855": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25860": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentDerivativeFinancialLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25863": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CurrentDerivativeFinancialLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25868": {
   "value": "2095000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:EquityAndLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25871": {
   "value": "1756000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:EquityAndLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25914": {
   "value": "187000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25917": {
   "value": "210000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25920": {
   "value": "1412000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25923": {
   "value": "-82000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25926": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25929": {
   "value": "7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25932": {
   "value": "-1122000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25935": {
   "value": "-42000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25938": {
   "value": "570000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25941": {
   "value": "51000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25944": {
   "value": "620000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25949": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25952": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25955": {
   "value": "-17000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25958": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25961": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25964": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25967": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25970": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25973": {
   "value": "-17000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25976": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25979": {
   "value": "-14000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f25984": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25987": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25990": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25993": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25996": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f25999": {
   "value": "-9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26002": {
   "value": "89000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26005": {
   "value": "26000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26008": {
   "value": "109000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26011": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26014": {
   "value": "112000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26019": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26022": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26025": {
   "value": "-17000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26028": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26031": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26034": {
   "value": "-9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26037": {
   "value": "89000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26040": {
   "value": "26000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26043": {
   "value": "91000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26046": {
   "value": "8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26049": {
   "value": "99000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26057": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26060": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26063": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26066": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26069": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26072": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26075": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26078": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26081": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26084": {
   "value": "5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26087": {
   "value": "5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26092": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26095": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26098": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26101": {
   "value": "29000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26104": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26107": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26110": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26113": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26116": {
   "value": "29000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26119": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26122": {
   "value": "29000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26127": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26130": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26133": {
   "value": "-111000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26136": {
   "value": "111000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26139": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26142": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26145": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26148": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26151": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26154": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26157": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26163": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26166": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26169": {
   "value": "-111000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26172": {
   "value": "82000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26175": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26178": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26181": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26184": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26187": {
   "value": "-29000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26190": {
   "value": "-5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26193": {
   "value": "-34000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26197": {
   "value": "187000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26200": {
   "value": "210000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26203": {
   "value": "1284000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26206": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26209": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26212": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26215": {
   "value": "-1033000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26218": {
   "value": "-15000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26221": {
   "value": "632000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26224": {
   "value": "54000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26227": {
   "value": "685000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26231": {
   "value": "187000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26234": {
   "value": "210000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26237": {
   "value": "1284000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26240": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26243": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26246": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26249": {
   "value": "-1033000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26252": {
   "value": "-15000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26255": {
   "value": "632000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26258": {
   "value": "54000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26261": {
   "value": "685000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26266": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26269": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26272": {
   "value": "-221000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26275": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26278": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26281": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26284": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26287": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26290": {
   "value": "-221000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26293": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26296": {
   "value": "-223000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26301": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26304": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26307": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26310": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26313": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26316": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26319": {
   "value": "125000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26322": {
   "value": "7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26325": {
   "value": "130000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26328": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26331": {
   "value": "130000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26336": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26339": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26342": {
   "value": "-221000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26345": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26348": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26351": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26354": {
   "value": "125000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26357": {
   "value": "7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26360": {
   "value": "-91000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26363": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26366": {
   "value": "-93000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26375": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26378": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26381": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26384": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26387": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26390": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26393": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26396": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26399": {
   "value": "-0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26402": {
   "value": "10000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26405": {
   "value": "10000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26410": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26413": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26416": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26419": {
   "value": "21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26422": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26425": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26428": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26431": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26434": {
   "value": "21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26437": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26440": {
   "value": "21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26445": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26448": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26451": {
   "value": "-21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26454": {
   "value": "21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26457": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26460": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26463": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26466": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26469": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26472": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26475": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CancellationOfTreasuryShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26481": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26484": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26487": {
   "value": "-21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26490": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26493": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26496": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26499": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26502": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26505": {
   "value": "-21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26508": {
   "value": "-10000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26511": {
   "value": "-31000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26515": {
   "value": "187000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26518": {
   "value": "210000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26521": {
   "value": "1042000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26524": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26527": {
   "value": "-1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RevaluationSurplusMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26530": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26533": {
   "value": "-908000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26536": {
   "value": "-9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26539": {
   "value": "520000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26542": {
   "value": "41000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f26545": {
   "value": "561000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26574": {
   "value": "-14000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26577": {
   "value": "-223000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26582": {
   "value": "15000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26585": {
   "value": "42000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26589": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfAssociates",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26592": {
   "value": "-1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfAssociates",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26597": {
   "value": "-8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForFinanceIncomeCost",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26600": {
   "value": "-19000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForFinanceIncomeCost",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26604": {
   "value": "9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:ProfitLossFromOperatingActivitiesClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26607": {
   "value": "-160000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:ProfitLossFromOperatingActivitiesClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26612": {
   "value": "34000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForDepreciationAndAmortisationExpenseOtherThanRightOfUseAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26615": {
   "value": "35000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForDepreciationAndAmortisationExpenseOtherThanRightOfUseAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26620": {
   "value": "28000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForDepreciationRightOfUseAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26623": {
   "value": "28000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForDepreciationRightOfUseAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26628": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26631": {
   "value": "70000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26636": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26639": {
   "value": "3000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26644": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26647": {
   "value": "26000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26652": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossRightOfUseAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26655": {
   "value": "15000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossRightOfUseAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26660": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26663": {
   "value": "-5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26667": {
   "value": "13000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForGovernmentGrantsAndSubsidies",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26670": {
   "value": "5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForGovernmentGrantsAndSubsidies",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26674": {
   "value": "-8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForLossesGainsOnDisposalOfPropertyPlantAndEquipmentAndIntangibleAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26677": {
   "value": "-1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForLossesGainsOnDisposalOfPropertyPlantAndEquipmentAndIntangibleAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26681": {
   "value": "30000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForExpensesForDefinedBenefitPlansAndLongTermTerminationBenefits",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26684": {
   "value": "35000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForExpensesForDefinedBenefitPlansAndLongTermTerminationBenefits",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26688": {
   "value": "75000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26691": {
   "value": "70000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26697": {
   "value": "11000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26700": {
   "value": "12000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26705": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26708": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26713": {
   "value": "13000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForProvisions",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26716": {
   "value": "23000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForProvisions",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26720": {
   "value": "-5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForUnrealisedForeignExchangeLossesGainsAndAdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26723": {
   "value": "-10000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForUnrealisedForeignExchangeLossesGainsAndAdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26727": {
   "value": "186000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26730": {
   "value": "166000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26734": {
   "value": "-48000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26737": {
   "value": "-65000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26741": {
   "value": "6000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26744": {
   "value": "25000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26748": {
   "value": "-8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInContractAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26751": {
   "value": "-14000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInContractAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26755": {
   "value": "-50000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForDecreaseIncreaseInAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26758": {
   "value": "-55000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForDecreaseIncreaseInAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26762": {
   "value": "38000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26765": {
   "value": "-7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26769": {
   "value": "3000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInContractLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26772": {
   "value": "-8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInContractLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26776": {
   "value": "41000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForIncreaseDecreaseInLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26779": {
   "value": "-15000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:AdjustmentsForIncreaseDecreaseInLiabilities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26783": {
   "value": "10000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:IncreaseDecreaseInTradeWorkingCapital",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26786": {
   "value": "69000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:IncreaseDecreaseInTradeWorkingCapital",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26790": {
   "value": "273000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:CashOutForEmployeeBenefitsClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26793": {
   "value": "149000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:CashOutForEmployeeBenefitsClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26798": {
   "value": "39000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:CashOutForProvisionsClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26801": {
   "value": "27000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:CashOutForProvisionsClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26805": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:IncreaseDecreaseInLeasePortfolioClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26808": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:IncreaseDecreaseInLeasePortfolioClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26812": {
   "value": "-17000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:IncreaseDecreaseInOtherWorkingCapital",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26815": {
   "value": "-4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:IncreaseDecreaseInOtherWorkingCapital",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26819": {
   "value": "12000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:SettlementOfDerivativesClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26822": {
   "value": "-9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:SettlementOfDerivativesClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26826": {
   "value": "-108000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperations",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26829": {
   "value": "-86000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperations",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26833": {
   "value": "8000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26836": {
   "value": "15000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26840": {
   "value": "-116000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26843": {
   "value": "-100000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26871": {
   "value": "26000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26874": {
   "value": "33000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26879": {
   "value": "12000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:ProceedsFromSalesOfPropertyPlantAndEquipmentAndProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26882": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:ProceedsFromSalesOfPropertyPlantAndEquipmentAndProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26887": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26890": {
   "value": "48000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26895": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfInterestsInAssociates",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26898": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfInterestsInAssociates",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26904": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26907": {
   "value": "-5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26911": {
   "value": "9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26914": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26918": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26921": {
   "value": "7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26925": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26928": {
   "value": "-76000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26932": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26935": {
   "value": "5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26940": {
   "value": "5000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26943": {
   "value": "11000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26948": {
   "value": "29000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26951": {
   "value": "21000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26956": {
   "value": "2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26959": {
   "value": "3000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26964": {
   "value": "3000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26967": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26972": {
   "value": "29000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26975": {
   "value": "30000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26979": {
   "value": "-2000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:SettlementOfDerivativesClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26982": {
   "value": "-9000000",
   "decimals": -6,
   "dimensions": {
    "concept": "AGF:SettlementOfDerivativesClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26986": {
   "value": "4000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26989": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26993": {
   "value": "-67000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f26996": {
   "value": "-77000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27000": {
   "value": "-185000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27003": {
   "value": "-253000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27008": {
   "value": "585000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27011": {
   "value": "398000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27015": {
   "value": "-185000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27018": {
   "value": "-253000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27022": {
   "value": "-1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27025": {
   "value": "-7000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27029": {
   "value": "1000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27032": {
   "value": "0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27038": {
   "value": "398000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f27041": {
   "value": "138000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "s8_notes__5__5": {
   "value": "BASIS OF PREPARA<span class=\"_ _1\"></span>TION\ue67f. REPOR<span class=\"_ _2\"></span>TING ENTITYAgfa-Gev<span class=\"_ _2\"></span>aert NV (\u2018the Compan<span class=\"_ _0\"></span>y\u2019) is a company es<span class=\"_ _0\"></span>tablished in Belgium. <span class=\"_ _2\"></span>\ue618e address of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s register<span class=\"_ _0\"></span>ed o\ue616ce is Septestra<span class=\"_ _0\"></span>at 27<span class=\"_ _2\"></span>, 264<span class=\"_ _0\"></span>0 Mortsel.\ue618e 2022 C<span class=\"_ _0\"></span>onsolidated Financial Statements of the Gr<span class=\"_ _0\"></span>oup include the Compan<span class=\"_ _0\"></span>y and 99<span class=\"ff5 fc37 ls1 ws1\"> <span class=\"_ _22\"></span></span>consolidated subsidiaries (2<span class=\"_ _0\"></span>021: 96 consolidated subsidiaries<span class=\"_ _0\"></span>) controlled by<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. Inv<span class=\"_ _0\"></span>estments in subsidiaries are lis<span class=\"_ _0\"></span>ted in Note 42.Non-controlling inter<span class=\"_ _0\"></span>ests have a m<span class=\"_ _0\"></span>aterial interest in nine s<span class=\"_ _0\"></span>ubsidiaries in grea<span class=\"_ _0\"></span>ter China and the <span class=\"_ _0\"></span>ASEAN region. <span class=\"_ _2\"></span>\ue618e \ue615nancials are explaine<span class=\"_ _0\"></span>d in Note 37<span class=\"_ _2\"></span>.8. In Europe<span class=\"_ _2\"></span>, there are a few<span class=\"_ _0\"></span> subsidiaries in which non-controllin<span class=\"_ _0\"></span>g interests hav<span class=\"_ _0\"></span>e an interest that is of minor importance to the Gr<span class=\"_ _0\"></span>oup.\ue61d. BASIS<span class=\"_ _0\"></span> OF A<span class=\"_ _0\"></span>CCOUNTING\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements have been pr<span class=\"_ _0\"></span>epare<span class=\"_ _0\"></span>d in accordance w<span class=\"_ _0\"></span>ith the International Financial R<span class=\"_ _0\"></span>eporting Stan<span class=\"ws1\">-</span>dards (IFRS) is<span class=\"_ _0\"></span>sued by the Interna<span class=\"_ _0\"></span>tional Accounting Standar<span class=\"_ _0\"></span>ds Boar<span class=\"_ _0\"></span>d (IASB), as adopted b<span class=\"_ _0\"></span>y the Europe<span class=\"_ _0\"></span>an Union up to December 31,<span class=\"_ _0\"></span> 2022.\ue618e Group has not e<span class=\"_ _0\"></span>arly adopted any<span class=\"_ _0\"></span> new IFRS requir<span class=\"_ _0\"></span>ements that wer<span class=\"_ _0\"></span>e not yet e\ue614ective in 2<span class=\"_ _0\"></span>022.<span class=\"_ _0\"></span> Further inform<span class=\"_ _0\"></span>ation is prov<span class=\"_ _0\"></span>ided in Note 51 \u2018New<span class=\"_ _0\"></span> standards and interpr<span class=\"_ _0\"></span>etations issued but not y<span class=\"_ _0\"></span>et e\ue614ective<span class=\"_ _2\"></span>\u2019 \ue618e consolida<span class=\"_ _0\"></span>ted \ue615nancial statements were authoriz<span class=\"_ _0\"></span>ed for<span class=\"_ _0\"></span> issue by the Bo<span class=\"_ _0\"></span>ard of Directors on Mar<span class=\"_ _0\"></span>ch 21, 20<span class=\"_ _0\"></span>23.\ue690. FUNCTIONAL<span class=\"_ _0\"></span> AND<span class=\"_ _0\"></span> PRESENT<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TION CURRENCY\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements are presented in E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, which is the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s functional currency<span class=\"_ _2\"></span>. All \ue615nanci<span class=\"_ _0\"></span>al information presente<span class=\"_ _0\"></span>d in Euro has been r<span class=\"_ _0\"></span>ounded to the near<span class=\"_ _0\"></span>est million, ex<span class=\"_ _0\"></span>cept when otherwise indicated.<span class=\"_ _0\"></span> By using round<span class=\"ws1\">-</span>ed numbers, the sum of line items pr<span class=\"_ _0\"></span>esented in a table may not alw<span class=\"_ _2\"></span>ays match with (<span class=\"_ _0\"></span>sub)totals as this total itself has been rounded to the ne<span class=\"_ _0\"></span>arest million and is not the sum of rounded d<span class=\"_ _0\"></span>ata.\ue69d. USE<span class=\"_ _0\"></span> OF ESTIMA<span class=\"_ _2\"></span>TES <span class=\"_ _0\"></span>AND JUDGMENTSIn preparing these consolid<span class=\"_ _0\"></span>ated \ue615nancial sta<span class=\"_ _0\"></span>tements, manag<span class=\"_ _0\"></span>ement has made judgments and estima<span class=\"_ _0\"></span>tes that a\ue614ect the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s accounting policies and the reported amounts of assets,<span class=\"_ _0\"></span> liabilities,<span class=\"_ _0\"></span> income and expense<span class=\"_ _0\"></span>.Revisions to accounting es<span class=\"_ _0\"></span>timates are recogniz<span class=\"_ _0\"></span>ed prospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>. Accountin<span class=\"_ _0\"></span>g estimates and underlying as<span class=\"_ _0\"></span>sumptions are continually rev<span class=\"_ _0\"></span>iewed but may<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ary from the actual v<span class=\"_ _2\"></span>alues.\ue618e areas in<span class=\"_ _2\"></span>volving a higher degr<span class=\"_ _0\"></span>ee of judgment or complexit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, or<span class=\"_ _0\"></span> areas w<span class=\"_ _0\"></span>here assumptions and estim<span class=\"_ _0\"></span>ates are signi\ue615cant to the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements are listed belo<span class=\"_ _0\"></span>w with r<span class=\"_ _0\"></span>eference to the respectiv<span class=\"_ _0\"></span>e note(s) w<span class=\"_ _0\"></span>here more inform<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\">-</span>tion is disclosed.Area of judgments, assumptions and accounting estimates<span class=\"_ _14f\"> </span>Explanatory notesThe discounted cash \ue613ows used for impairment testing<span class=\"_ _1b7\"> </span>Note \ue61f\ue619 Goodwill and intangible assetsThe assessment of the adequacy of liabilities for pending  Note \ue61d\ue619 Income taxesor expected income tax audits over previous yearsThe recoverability of deferred tax assets<span class=\"_ _1b8\"> </span>Note \ue61d\ue619 Income taxesThe actuarial assumptions used for the measurement  Note \ue61d\ue61a Post-employment bene\ue614tsof de\ue614ned bene\ue614t obligationsRevenue recognition with regard to multiple-element arrangements<span class=\"_ _dd\"> </span>Note \ue61c RevenueImpairment of \ue614nancial assets expected credit losses<span class=\"_ _1b9\"> </span>Note \ue61f\ue61f.\ue61f Expected credit lossesAdditionally<span class=\"_ _2\"></span>, m<span class=\"_ _0\"></span>anagement has made signi\ue615cant judgments and es<span class=\"_ _0\"></span>timates on the presentation and disclos<span class=\"_ _0\"></span>ure of <span class=\"_ _20\"></span><span class=\"ws1\"> </span>the planned sale of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \u2018<span class=\"_ _0\"></span>O\ue614set Solutions<span class=\"_ _0\"></span>\u2019 business.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ese judgments and estimates are e<span class=\"_ _0\"></span>xplained in more detail hereaf<span class=\"_ _0\"></span>ter<span class=\"_ _2\"></span>.4.<span class=\"_ _2\"></span>1 Management\u2019s judgment on presenting and disclosing \u2018O\ue61eset Solutions\u2019 as \u2018Net assets held for sale and discontinued operations\u2019 \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has concluded th<span class=\"_ _0\"></span>at the criteria as described in IFRS 5 <span class=\"_ _0\"></span>\u2018<span class=\"_ _0\"></span>non-current assets held for<span class=\"_ _2\"></span> sale and dis<span class=\"ws1\">-</span>continued opera<span class=\"_ _0\"></span>tions\u2019<span class=\"_ _0\"></span> hav<span class=\"_ _0\"></span>e not been met as per December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22. <span class=\"_ _0\"></span>According to this stand<span class=\"_ _0\"></span>ard, <span class=\"_ _0\"></span>when the carrying amount of the net assets attributable to a disposal group (in this case the O\ue614set Solutions business<span class=\"_ _0\"></span>) will be reco<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>d principally through a sale tr<span class=\"_ _0\"></span>ansaction, r<span class=\"_ _0\"></span>elated net assets,<span class=\"_ _0\"></span> opera<span class=\"_ _0\"></span>tions and cash\ue617ows are to be pr<span class=\"_ _0\"></span>esented in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s primary \ue615nancial statements as \u2018<span class=\"_ _0\"></span>held for<span class=\"_ _0\"></span> sale and discontinued opera<span class=\"_ _0\"></span>tions\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618is is only the case when the disposal group is av<span class=\"_ _2\"></span>ailable for im<span class=\"ws1\">-</span>mediate sale in its present condition <span class=\"_ _0\"></span>subject only to terms that are us<span class=\"_ _0\"></span>ual and customary for<span class=\"_ _0\"></span> sales of such disposal groups,<span class=\"_ _0\"></span> and its sale is highly prob<span class=\"_ _0\"></span>able.As per <span class=\"_ _0\"></span>August 30<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has entered into an agreement <span class=\"_ _0\"></span>with a \ue615nancial gr<span class=\"_ _0\"></span>oup A<span class=\"_ _0\"></span>URELIUS to sell the O\ue614set Solu<span class=\"ws1\">-</span>tions business. Manag<span class=\"_ _0\"></span>ement expects completion to tak<span class=\"_ _0\"></span>e place on April 3,<span class=\"_ _0\"></span> 2023,<span class=\"_ _2\"></span> after all regulatory appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>als have been obtained and all carve-out steps hav<span class=\"_ _0\"></span>e been completed. In the me<span class=\"_ _0\"></span>antime<span class=\"_ _0\"></span>, O\ue614set Solutions will r<span class=\"_ _0\"></span>emain part of the Group and operations <span class=\"_ _0\"></span>will continue as usual.One of the most important carve-out steps to be completed befor<span class=\"_ _0\"></span>e Closing is the carve-out in US and Canada of the O\ue614set Solutions\u2019<span class=\"_ _2\"></span> business from the remainder of its oper<span class=\"_ _0\"></span>ations in Digital Print &amp; Chemicals.<span class=\"_ _0\"></span>  \ue618ese carve-outs <span class=\"_ _0\"></span>will be accompa<span class=\"ws1\">-</span>nied by the implementation of new tr<span class=\"_ _2\"></span>ansactional systems for<span class=\"_ _0\"></span> the O\ue614set Solutions activities w<span class=\"_ _0\"></span>ithin the entities founded for<span class=\"_ _0\"></span> the purpose of these carve-out transactions.<span class=\"_ _0\"></span> Next to Eur<span class=\"_ _0\"></span>ope,<span class=\"_ _2\"></span> the North American region is one of the most important v<span class=\"_ _0\"></span>alue regions for<span class=\"_ _0\"></span> O\ue614set Solutions and thus also for the perimeter<span class=\"_ _2\"></span> of the planned disposal towar<span class=\"_ _0\"></span>ds the A<span class=\"_ _0\"></span>URELIUS Group<span class=\"_ _0\"></span>. North <span class=\"_ _0\"></span>America plays an important role in terms of gross margin as w<span class=\"_ _0\"></span>ell as price evolution,<span class=\"_ _0\"></span> both in \ue615lm and plates. It is also <span class=\"_ _0\"></span>worth mentioning this region is sour<span class=\"_ _0\"></span>ced with plates produced in E<span class=\"_ _0\"></span>urope and as such supports the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s production infrastructur<span class=\"_ _0\"></span>e in Germany<span class=\"_ _0\"></span> (Wiesba<span class=\"_ _0\"></span>den): in 202<span class=\"_ _0\"></span>2 the North American region r<span class=\"_ _0\"></span>epresented 28% of the production v<span class=\"_ _0\"></span>olume of this factory<span class=\"_ _2\"></span>. In addition,<span class=\"_ _0\"></span> the presence of O\ue614set Solutions\u2019<span class=\"_ _2\"></span> business in US and Canada is also important from a str<span class=\"_ _0\"></span>ategic point of view<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> more speci\ue615cally in regar<span class=\"_ _2\"></span>ds of<span class=\"_ _22\"></span> the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s competitive positioning<span class=\"_ _0\"></span>. It is therefor<span class=\"_ _0\"></span>e clear<span class=\"_ _0\"></span> that the North <span class=\"_ _0\"></span>American region forms an essential p<span class=\"_ _0\"></span>art in the planned sale transaction of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s O\ue614set Solutions business. \ue618e separ<span class=\"_ _0\"></span>ation of the O\ue614set Solutions business from the remainder<span class=\"_ _2\"></span> of the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s activities in US and Can<span class=\"_ _0\"></span>ada, r<span class=\"_ _0\"></span>equires the implementation of a new transa<span class=\"_ _0\"></span>ctional system (S<span class=\"_ _0\"></span>AP ERP) in both countries. <span class=\"_ _2\"></span>\ue618is SAP ERP system should encompas<span class=\"_ _0\"></span>s all the core business proces<span class=\"_ _0\"></span>ses needed to run a compan<span class=\"_ _2\"></span>y: \ue615nance,<span class=\"_ _0\"></span> HR, supply ch<span class=\"_ _0\"></span>ain, services, pr<span class=\"_ _0\"></span>ocurement, <span class=\"_ _0\"></span>and others. In the ex<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\">-</span>cution of separa<span class=\"_ _0\"></span>ting the O\ue614set Solutions business in US and Canada,<span class=\"_ _2\"></span> major steps are still to be tak<span class=\"_ _2\"></span>en during the \ue615rst quarter of 2023.<span class=\"_ _0\"></span> Management considers the implementation of a new ERP s<span class=\"_ _0\"></span>ystem as neither<span class=\"_ _0\"></span> usual nor<span class=\"_ _0\"></span> customary for the sale of a disposal group<span class=\"_ _0\"></span>, not even in case of a carve-out tr<span class=\"_ _0\"></span>ansaction. <span class=\"_ _2\"></span>\ue618e legal carve-outs in US and Canada tow<span class=\"_ _2\"></span>ards the new entities are scheduled for<span class=\"_ _0\"></span> March 31, 2<span class=\"_ _0\"></span>023 and ar<span class=\"_ _0\"></span>e intended to be immediately f<span class=\"_ _0\"></span>ollowed b<span class=\"_ _0\"></span>y a go-live of the new S<span class=\"_ _0\"></span>AP ERP systems.<span class=\"_ _0\"></span> As per December<span class=\"_ _2\"></span> 31, 2022 the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s O\ue614set Solutions business that is s<span class=\"_ _0\"></span>ubject to disposal is not av<span class=\"_ _0\"></span>ailable for<span class=\"_ _0\"></span> immediate sale in its present condition. <span class=\"_ _2\"></span>\ue618e separation of the O\ue614set Solutions<span class=\"_ _2\"></span>\u2019 business in US and Canada from its Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals business and the implementation of the ERP sys<span class=\"_ _0\"></span>tem for the O\ue614set Solutions oper<span class=\"_ _2\"></span>ations in that region are im<span class=\"ws1\">-</span>portant conditions that are to a consider<span class=\"_ _2\"></span>able degree to be ful\ue615lled during the \ue615rst quarter<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> 2023.<span class=\"_ _2\"></span> \ue618ese terms could not be considered as usual and cus<span class=\"_ _0\"></span>tomary for the sale of said group of assets.Management expects th<span class=\"_ _0\"></span>at all criteria to classify the net assets of the O\ue614set Solutions business tha<span class=\"_ _0\"></span>t will be disposed of as \u2018held-for<span class=\"_ _2\"></span>-sale\u2019 w<span class=\"_ _0\"></span>ould be ful\ue615lled as per Mar<span class=\"_ _0\"></span>ch 31, 20<span class=\"_ _2\"></span>23. \ue618e Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s primary \ue615nancial statements of the \ue615rst quarter<span class=\"_ _0\"></span> 2023 will present the net assets of the O\ue614set Solutions business th<span class=\"_ _0\"></span>at will be disposed of as <span class=\"_ _0\"></span>\u2018held for<span class=\"_ _0\"></span> sale<span class=\"_ _0\"></span>\u2019 and rel<span class=\"_ _0\"></span>ated opera<span class=\"_ _0\"></span>tions and cash\ue617ows as <span class=\"_ _0\"></span>\u2018<span class=\"_ _2\"></span>discontinued operations<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>. On initi<span class=\"_ _0\"></span>al classi\ue615cation as <span class=\"_ _0\"></span>\u2018held-for<span class=\"_ _0\"></span>-sale\u2019<span class=\"_ _b3\"></span>, the group of assets attributable to the business that is disposed of \u2013 called a disposal gr<span class=\"_ _0\"></span>oup - is measure<span class=\"_ _0\"></span>d at the lower<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> the carrying amount and its fair<span class=\"_ _2\"></span> value less costs of disposal. <span class=\"_ _0\"></span>As the Group has signed a sales purch<span class=\"_ _0\"></span>ase agreement, the sales price<span class=\"_ _2\"></span>, consisting of a \ue615x and v<span class=\"_ _0\"></span>ariable portion, is to be used as a pr<span class=\"_ _0\"></span>oxy for<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of the disposal group.\ue618e Group meas<span class=\"_ _0\"></span>ures all its assets and liabilities in accor<span class=\"_ _2\"></span>dance with applicable IFRSs. <span class=\"_ _0\"></span>According to IAS 36 <span class=\"_ _0\"></span>\u2018Impairment of Assets<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>, non-current assets such as intangibles,<span class=\"_ _2\"></span> property<span class=\"_ _2\"></span>, plant and equipment and right-of-use assets are tes<span class=\"_ _0\"></span>ted for<span class=\"_ _0\"></span> im<span class=\"ws1\">-</span>pairment when ther<span class=\"_ _0\"></span>e is an indication for imp<span class=\"_ _0\"></span>airment. Giv<span class=\"_ _0\"></span>en the existence of a sales purchase agr<span class=\"_ _0\"></span>eement and a sales price which is below the carryin<span class=\"_ _0\"></span>g amount of the non-current assets, including the rig<span class=\"_ _0\"></span>ht-of-use assets, an imp<span class=\"_ _0\"></span>airment loss equal to the carrying amount of the assets that are in scope of IAS36 has been r<span class=\"_ _0\"></span>ecognized.<span class=\"_ _0\"></span> As such an impairment los<span class=\"_ _0\"></span>s on prop<span class=\"ws1\">-</span>erty<span class=\"_ _2\"></span>, plant and equipment and rig<span class=\"_ _0\"></span>ht-of-use assets amounting in aggregate 41 million E<span class=\"_ _0\"></span>uro has been recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss as per December<span class=\"_ _2\"></span> 31, 2022.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e goodwill attributable to O\ue614set <span class=\"_ _0\"></span>Solutions has alrea<span class=\"_ _0\"></span>dy been fully impair<span class=\"_ _0\"></span>ed as per Decem<span class=\"ws1\">-</span>ber 31,<span class=\"_ _0\"></span> 2019. <span class=\"_ _0\"></span>As per December<span class=\"_ _2\"></span> 31, 2022 other<span class=\"_ _0\"></span> assets such as in<span class=\"_ _0\"></span>ventory<span class=\"_ _2\"></span>, tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables and deferred tax as<span class=\"_ _0\"></span>sets attributable to the O\ue614set Solutions business hav<span class=\"_ _0\"></span>e also been measure<span class=\"_ _0\"></span>d according to the applica<span class=\"_ _0\"></span>ble IFRS. Ex<span class=\"_ _0\"></span>cept for def<span class=\"_ _0\"></span>erred tax assets,<span class=\"_ _0\"></span> this measur<span class=\"_ _0\"></span>ement has not resulted in the r<span class=\"_ _0\"></span>ecognition of additional losses. F<span class=\"_ _2\"></span>or the v<span class=\"_ _0\"></span>aluation loss of deferre<span class=\"_ _0\"></span>d tax assets relat<span class=\"ws1\">-</span>ing to the O\ue614set Solutions business that is r<span class=\"_ _0\"></span>ecorded at y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-end 202<span class=\"_ _0\"></span>2, we r<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span> also to Note 17 <span class=\"_ _0\"></span>\u2018T<span class=\"_ _2\"></span>axes<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.In 2023,<span class=\"_ _2\"></span> when the criteria as speci\ue615ed in IFRS 5 to present the net assets of O\ue614set Solutions as \u2018<span class=\"_ _0\"></span>held for<span class=\"_ _0\"></span> sale\u2019<span class=\"_ _0\"></span> are met,<span class=\"_ _0\"></span> the en<span class=\"ws1\">-</span>tire disposal group w<span class=\"_ _0\"></span>ill be measur<span class=\"_ _0\"></span>ed at \u2018<span class=\"_ _2\"></span>fair v<span class=\"_ _2\"></span>alue less costs of disposal\u2019<span class=\"_ _2\"></span> which will result in an additional loss to be r<span class=\"_ _0\"></span>e\ue617ected in the Pro\ue615t or<span class=\"_ _0\"></span> loss statement.<span class=\"_ _0\"></span> \ue618e total expected loss on the sale tr<span class=\"_ _2\"></span>ansaction is estimated to rang<span class=\"_ _0\"></span>e between 100 and 11<span class=\"_ _0\"></span>5 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is amount is a best estimate of the total loss on the tr<span class=\"_ _0\"></span>ansaction determined base<span class=\"_ _0\"></span>d upon data av<span class=\"_ _2\"></span>ailable as per December 31,<span class=\"_ _2\"></span> 2022 and comprises \ue615ve components:  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws95\">\ue618e impairment loss recogniz<span class=\"_ _0\"></span>ed as per December<span class=\"_ _2\"></span> 31, 2022 on pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant &amp; equipment and <span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>right-of-use<span class=\"_ _0\"></span>\u201d assets,<span class=\"_ _0\"></span> </span></span>amounting to 41 million (IAS 36); <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ls12\">\ue618e valuation loss r<span class=\"_ _0\"></span>ecognized as per<span class=\"_ _0\"></span> December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 on deferred tax assets,<span class=\"_ _0\"></span> amounting to 8 million Eur<span class=\"_ _0\"></span>o (IAS 12);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ls12 wsac\">\ue618e incremental costs attributable to the sale: they hav<span class=\"_ _0\"></span>e been accrued for<span class=\"_ _2\"></span> in the accounts of 2022 and amount to 5 million </span></span>Euro; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsbf\">When the conditions speci\ue615ed in IFRS 5 requirin<span class=\"_ _0\"></span>g the net assets of a disposal group to be presented as <span class=\"_ _2\"></span>\u2018net assets held for<span class=\"_ _2\"></span> </span></span>sale\u2019<span class=\"_ _2\"></span> are ful\ue615lled, the impact of v<span class=\"_ _2\"></span>aluing the disposal group at \u2018<span class=\"_ _2\"></span>fair v<span class=\"_ _2\"></span>alue less costs of disposal\u2019<span class=\"_ _0\"></span> is expected to be recogniz<span class=\"_ _0\"></span>ed: expected by<span class=\"_ _0\"></span> the end of the \ue615rst quarter of 20<span class=\"_ _0\"></span>23; and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws66\">\ue618e rele<span class=\"_ _0\"></span>ase in pro\ue615t or los<span class=\"_ _0\"></span>s of the cumulative tr<span class=\"_ _0\"></span>anslation adjustments historically<span class=\"_ _0\"></span> built up until disposal and attributable </span></span>to the O\ue614set Solutions business. <span class=\"_ _2\"></span>\ue618is last part will be r<span class=\"_ _0\"></span>ecognized on Closing<span class=\"_ _0\"></span>, currently f<span class=\"_ _0\"></span>oreseen on April 3,<span class=\"_ _0\"></span> 2023.\ue618is expected loss considers a <span class=\"_ _0\"></span>\u2018Consider<span class=\"_ _0\"></span>ation, net of cash<span class=\"_ _2\"></span>\u2019 es<span class=\"_ _0\"></span>timated to r<span class=\"_ _0\"></span>ange betw<span class=\"_ _0\"></span>een 15 and 30 million Euro<span class=\"_ _2\"></span>. \ue618is<span class=\"_ _0\"></span> amount considers, among other<span class=\"_ _2\"></span> things, the transfer<span class=\"_ _0\"></span> of pension and similar li<span class=\"_ _0\"></span>abilities to the buyer<span class=\"_ _0\"></span> amounting to around<span class=\"_ _0\"></span> 50 million Eur<span class=\"_ _0\"></span>o.\ue618e evolution of the working capital as <span class=\"_ _0\"></span>well as the debt and debt lik<span class=\"_ _0\"></span>e items on the date of closing the sales tr<span class=\"_ _0\"></span>ansaction will impact the <span class=\"_ _0\"></span>\u2018Consider<span class=\"_ _0\"></span>ation receiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>, net of cash<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618e sales purchase agreement foresees a price mechanism that com<span class=\"ws1\">-</span>pensates for<span class=\"_ _0\"></span> the di\ue614erence between the a<span class=\"_ _0\"></span>ctual and target w<span class=\"_ _0\"></span>orking capital, de\ue615ned a<span class=\"_ _0\"></span>ccording to contr<span class=\"_ _0\"></span>actually agr<span class=\"_ _0\"></span>eed rules. \ue618e actual loss on the tr<span class=\"_ _0\"></span>ansaction will be mainly<span class=\"_ _0\"></span> dependent on the evolution of the working capital,<span class=\"_ _0\"></span> items contra<span class=\"_ _0\"></span>ctually excluded f<span class=\"_ _0\"></span>or the calculation of the pur<span class=\"_ _0\"></span>chase price as well as the tr<span class=\"_ _2\"></span>anslation adjustments on investments in the O\ue614set Solu<span class=\"ws1\">-</span>tions\u2019<span class=\"_ _2\"></span> foreign operations that ar<span class=\"_ _0\"></span>e currently comprised in the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s equity<span class=\"_ _2\"></span>. \ue618e \ue615nal amount of consideration r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> the carr<span class=\"_ _22\"></span>ying amount of the disposal group at Closin<span class=\"_ _0\"></span>g and resulting loss on the transaction <span class=\"_ _0\"></span>will only be known a<span class=\"_ _0\"></span>t \ue615nal settlement of the purchase price<span class=\"_ _0\"></span>.For<span class=\"_ _2\"></span> an overview of the operatin<span class=\"_ _0\"></span>g assets and liabilities of the reportable segment O\ue614set Solutions,<span class=\"_ _2\"></span> we refer to N<span class=\"_ _0\"></span>ote 6 \u2018Re<span class=\"ws1\">-</span>portable Segments<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>\ue618ese assets and liabilities might devi<span class=\"_ _0\"></span>ate from the assets and lia<span class=\"_ _0\"></span>bilities attributable to the disposal group \u2018<span class=\"_ _0\"></span>O\ue614set Solutions\u2019<span class=\"_ _2\"></span>: one of the main elements th<span class=\"_ _0\"></span>at explains this di\ue614er<span class=\"_ _0\"></span>ence relates to the agr<span class=\"_ _0\"></span>eement of Agfa to continue producing and supply<span class=\"_ _0\"></span>ing \ue615lm and chemicals for O\ue614set Solutions.<span class=\"_ _2\"></span> Another major<span class=\"_ _0\"></span> di\ue614erence re<span class=\"_ _0\"></span>lates to the pension liabilities of inactive employ<span class=\"_ _0\"></span>ees (former emplo<span class=\"_ _0\"></span>yees and employ<span class=\"_ _0\"></span>ees with deferr<span class=\"_ _0\"></span>ed vested rig<span class=\"_ _0\"></span>hts) of the factory in German<span class=\"_ _0\"></span>y that are comprised in the net assets that w<span class=\"_ _0\"></span>ill be disposed of<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618ese liabilities are not re\ue617ected in the O\ue614set Solutions segment as all the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s pension liabilities for<span class=\"_ _0\"></span> \u2018Inactiv<span class=\"_ _0\"></span>es\u2019<span class=\"_ _2\"></span> are not attributed to reportable segments.\ue6a0. CHANGES<span class=\"_ _0\"></span> IN SIGNIFICANT <span class=\"_ _0\"></span>ACCOUNTING POLICIESFinancial reporting standards applied for the \ue61frst time in 2022\ue618e consolidated statements of the Gr<span class=\"_ _0\"></span>oup as disclosed in this annual report tak<span class=\"_ _0\"></span>e into account new standar<span class=\"_ _0\"></span>ds applicable as from January 1, 2<span class=\"_ _0\"></span>022.<span class=\"_ _0\"></span> Follo<span class=\"_ _0\"></span>wing standar<span class=\"_ _2\"></span>ds and amendments were applied for<span class=\"_ _0\"></span> the \ue615rst time to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \ue615nancial state<span class=\"ws1\">-</span>ments for the <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> 2022. It relates to:   <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">Amendments to IFRS 3 <span class=\"ff11 ws12\">Business Comb<span class=\"_ _0\"></span>inations<span class=\"ff1 ws15\">; IAS 16 </span>P<span class=\"_ _2\"></span>roperty<span class=\"_ _2\"></span>, Plant and Equipment<span class=\"ff1 ws15\">; IAS 3<span class=\"_ _0\"></span>7 <span class=\"ff11 ws12\">Pro<span class=\"_ _0\"></span>visions,<span class=\"_ _0\"></span> Contin<span class=\"_ _0\"></span>gent Liab<span class=\"_ _0\"></span>ili<span class=\"ws1\">-</span></span></span></span></span></span>ties and Cont<span class=\"_ _2\"></span>ingent Assets<span class=\"ff1\"> as <span class=\"_ _0\"></span>well as <span class=\"ff11\">Annual Impro<span class=\"_ _0\"></span>vements<span class=\"ff1\">.</span></span></span>\ue618ese standards <span class=\"_ _0\"></span>were either<span class=\"_ _0\"></span> not applicable or<span class=\"_ _0\"></span> did not have a ma<span class=\"_ _0\"></span>terial impact to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \ue615nancial s<span class=\"_ _0\"></span>tatements. PERFORMANCE <span class=\"_ _54\"></span>OF THE YEAR\ue618e HealthCar<span class=\"_ _0\"></span>e IT and Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals divisions posted sales gr<span class=\"_ _0\"></span>owth ex<span class=\"_ _0\"></span>cluding currency impact.<span class=\"_ _2\"></span> Mainly due to price increases,<span class=\"_ _2\"></span> O\ue614set Solutions\u2019 top line rem<span class=\"_ _0\"></span>ained stable and Radiology Solutions<span class=\"_ _2\"></span>\u2019 medical \ue615lm business w<span class=\"_ _0\"></span>as heav<span class=\"_ _0\"></span>ily impac<span class=\"_ _22\"></span>ted <span class=\"_ _22\"></span>by t<span class=\"_ _22\"></span>he C<span class=\"_ _22\"></span>OVID-<span class=\"_ _22\"></span>loc<span class=\"_ _22\"></span>kdowns<span class=\"_ _22\"></span> in<span class=\"_ _22\"></span> Chi<span class=\"_ _22\"></span>na. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s gros<span class=\"_ _0\"></span>s pro\ue615t margin rem<span class=\"_ _0\"></span>ained stable at 28.5% of rev<span class=\"_ _0\"></span>enue,<span class=\"_ _2\"></span> mainly due<span class=\"_ _0\"></span> to price incr<span class=\"_ _0\"></span>ease actions to ta<span class=\"_ _0\"></span>ckle the strong impa<span class=\"_ _0\"></span>ct of cost in\ue617ation and supply chain issues.<span class=\"_ _2\"></span> Adju<span class=\"_ _0\"></span>ste<span class=\"_ _2\"></span>d EBIT<span class=\"_ _0\"></span>D<span class=\"_ _2\"></span>A w<span class=\"_ _2\"></span>as in\ue617<span class=\"_ _0\"></span>uenc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> by<span class=\"_ _2\"></span> in\ue617ationary pressure<span class=\"_ _0\"></span>, disrupted s<span class=\"_ _0\"></span>upply chains and industrial ine\ue616ciencies in the fourth quarter<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> HealthCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> 2022 <span class=\"_ _0\"></span>was a y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> consolidation, as the f<span class=\"_ _0\"></span>ocus turned tow<span class=\"_ _2\"></span>ards pro\ue615table grow<span class=\"_ _0\"></span>th. As sho<span class=\"_ _0\"></span>wn by the pos<span class=\"ws1\">-</span>itive development of the or<span class=\"_ _0\"></span>der intak<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, the division<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s str<span class=\"_ _2\"></span>ategy to target customer segments and g<span class=\"_ _0\"></span>eographies for<span class=\"_ _2\"></span> which its <span class=\"_ _56\"></span><span class=\"ws1\"> </span>Enterprise Imaging solution is best \ue615t and to prioritize hig<span class=\"_ _0\"></span>her v<span class=\"_ _2\"></span>alue revenue stre<span class=\"_ _0\"></span>ams is working and deliv<span class=\"_ _0\"></span>ering.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is strat<span class=\"ws1\">-</span>egy will ultimate<span class=\"_ _0\"></span>ly allow the division to r<span class=\"_ _0\"></span>each the tar<span class=\"_ _0\"></span>geted gro<span class=\"_ _0\"></span>wth of EBITDA: s<span class=\"_ _0\"></span>tarting from a mid-single-digit per<span class=\"_ _0\"></span>centage in 2019 to percentag<span class=\"_ _0\"></span>es in the high-teens over<span class=\"_ _2\"></span> the next years.<span class=\"_ _0\"></span> Due to increased momentum in the second h<span class=\"_ _0\"></span>alf of the year<span class=\"_ _2\"></span>, the HealthCar<span class=\"_ _0\"></span>e IT div<span class=\"_ _0\"></span>ision<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s top line incre<span class=\"_ _0\"></span>ased in North America and Eur<span class=\"_ _0\"></span>ope versus the pr<span class=\"_ _0\"></span>evious ye<span class=\"_ _2\"></span>ar.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e growth <span class=\"_ _0\"></span>was driv<span class=\"_ _0\"></span>en by the rev<span class=\"_ _0\"></span>enue recognition from a number<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> important contra<span class=\"_ _0\"></span>cts, as we<span class=\"_ _0\"></span>ll as a stabilization of recurring r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>. For<span class=\"_ _2\"></span> Radiology Solutions, mainly in China,<span class=\"_ _0\"></span> the medical \ue615lm business w<span class=\"_ _0\"></span>as impacted b<span class=\"_ _0\"></span>y the COVID situa<span class=\"_ _0\"></span>tion. <span class=\"_ _2\"></span>\ue618e current <span class=\"_ _56\"></span><span class=\"ws1\"> </span>geopolitical situation and slo<span class=\"_ _0\"></span>wer th<span class=\"_ _0\"></span>an normal volumes in some e<span class=\"_ _0\"></span>xport markets also had an imp<span class=\"_ _0\"></span>act. <span class=\"_ _2\"></span>\ue618e market driven top<span class=\"ws1\"> </span>line decline for the C<span class=\"_ _0\"></span>omputed Radiograph<span class=\"_ _2\"></span>y business was further<span class=\"_ _2\"></span> ampli\ue615ed by the current geopolitical situation and <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>component shortages. <span class=\"_ _0\"></span>Agfa continues to manag<span class=\"_ _0\"></span>e the CR business to maintain he<span class=\"_ _0\"></span>althy pro\ue615t m<span class=\"_ _0\"></span>argins. F<span class=\"_ _2\"></span>ollowing a <span class=\"_ _83\"></span><span class=\"ws1\"> </span>number of slow<span class=\"_ _0\"></span>er quarters,<span class=\"_ _2\"></span> the Direct Radiography<span class=\"_ _0\"></span> business\u2019<span class=\"_ _2\"></span> revenue started to pick up in the second half of the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. Strong sales gro<span class=\"_ _0\"></span>wth w<span class=\"_ _0\"></span>as recorde<span class=\"_ _0\"></span>d in ASP<span class=\"_ _2\"></span>AC and LA<span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>AM. In a number of countries in those regions,<span class=\"_ _2\"></span> \ue615rst-of-a-kind installations w<span class=\"_ _0\"></span>ere re<span class=\"_ _0\"></span>alized w<span class=\"_ _0\"></span>ith sever<span class=\"_ _0\"></span>al systems,<span class=\"_ _0\"></span> including high-end modalities and the r<span class=\"_ _0\"></span>ecent<span class=\"ws1\">-</span>ly introduced <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>ALOR<span class=\"_ _2\"></span>Y X-r<span class=\"_ _0\"></span>ay r<span class=\"_ _0\"></span>oom. Furthermore<span class=\"_ _2\"></span>, Agfa has tak<span class=\"_ _2\"></span>en measures to deal w<span class=\"_ _0\"></span>ith the post-COVID mar<span class=\"_ _2\"></span><span class=\"ws1\">-</span>ket v<span class=\"_ _0\"></span>olatility<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>ecently<span class=\"_ _2\"></span>, the DR mark<span class=\"_ _0\"></span>et saw the entry of sever<span class=\"_ _0\"></span>al new competitors with lo<span class=\"_ _0\"></span>w-cost solutions.<span class=\"_ _0\"></span> <span class=\"_ _1ba\"></span> <span class=\"_ _1ba\"></span><span class=\"ws1\"> </span>\ue618e order<span class=\"_ _0\"></span> book for<span class=\"_ _0\"></span> DR remains str<span class=\"_ _0\"></span>ong,<span class=\"_ _0\"></span> with continuously long<span class=\"_ _0\"></span>er con<span class=\"_ _0\"></span>version le<span class=\"_ _0\"></span>ad times a\ue614ected by the s<span class=\"_ _0\"></span>upply chain en<span class=\"ws1\">-</span>vironments.<span class=\"_ _0\"></span> Agfa is takin<span class=\"_ _0\"></span>g actions (right-sizing of the organization,<span class=\"_ _2\"></span> relocations, costs control actions,<span class=\"_ _2\"></span> price increases, net working capital actions<span class=\"_ _0\"></span>) to increase the business<span class=\"_ _2\"></span>\u2019 agility and to better<span class=\"_ _0\"></span> adapt it to the current mark<span class=\"_ _0\"></span>et conditions. In the course of the fourth quarter<span class=\"_ _2\"></span>, the Group has teste<span class=\"_ _0\"></span>d the goodwill attributed to the CGU Ra<span class=\"_ _0\"></span>diology Solutions for im<span class=\"ws1\">-</span>pairment, takin<span class=\"_ _0\"></span>g into account the \ue615ve-ye<span class=\"_ _0\"></span>ar busines<span class=\"_ _0\"></span>s plan approv<span class=\"_ _0\"></span>ed by the Boar<span class=\"_ _2\"></span>d of<span class=\"_ _22\"></span> Directors w<span class=\"_ _0\"></span>ith a substantially incre<span class=\"_ _2\"></span>ased W<span class=\"_ _2\"></span>ACC.<span class=\"_ _0\"></span> As a result of these tests,<span class=\"_ _0\"></span> the calculated v<span class=\"_ _2\"></span>alue in use of the CGU Radiology Solutions was low<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an its carrying amount and an impairment loss w<span class=\"_ _2\"></span>as recognized on goodw<span class=\"_ _0\"></span>ill (70 million Euro<span class=\"_ _0\"></span>) and intangible assets (3 million Euro) (<span class=\"_ _0\"></span>see Note 2<span class=\"_ _0\"></span>7).  In the \ue615eld of digital print, the top line of the sign &amp; display<span class=\"_ _0\"></span> business grew str<span class=\"_ _0\"></span>ongly<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e ink product ran<span class=\"_ _0\"></span>ges for<span class=\"_ _0\"></span> sign &amp; display applications perf<span class=\"_ _0\"></span>ormed well thr<span class=\"_ _0\"></span>oughout the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. In spite of industry-wide logistic challeng<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> the high-end equipment, the w<span class=\"_ _0\"></span>ide-format printing equipment business poste<span class=\"_ _0\"></span>d solid revenue gr<span class=\"_ _0\"></span>owth. In the \ue615e<span class=\"_ _0\"></span>ld of industrial inkjet, the d\u00e9cor printing busines<span class=\"_ _0\"></span>s was imp<span class=\"_ _0\"></span>acted by<span class=\"_ _0\"></span> the weak<span class=\"_ _2\"></span>ening economic environment,<span class=\"_ _0\"></span> as customers are postponing in<span class=\"_ _0\"></span>vestments in their digitization pr<span class=\"_ _0\"></span>ocess. <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>olumes for OEM inks decr<span class=\"_ _0\"></span>eased due to the lock<span class=\"_ _0\"></span>downs in China,<span class=\"_ _0\"></span> the unstable geopolitical situation and the we<span class=\"_ _2\"></span>ak economic environment.Mainly due to price incre<span class=\"_ _0\"></span>ases, O\ue614set Solutions<span class=\"_ _0\"></span>\u2019 top line r<span class=\"_ _0\"></span>emained stable<span class=\"_ _2\"></span>. \ue618e div<span class=\"_ _0\"></span>ision continued to focus on high-v<span class=\"_ _0\"></span>alue re<span class=\"ws1\">-</span>gions, concentr<span class=\"_ _0\"></span>ating on margins r<span class=\"_ _2\"></span>ather than volumes.<span class=\"_ _0\"></span> In spite of the lower<span class=\"_ _0\"></span> volumes the succes<span class=\"_ _0\"></span>sful implementation of price increases to ta<span class=\"_ _0\"></span>ckle the over<span class=\"_ _0\"></span>all cost in\ue617ation,<span class=\"_ _0\"></span> among others for r<span class=\"_ _2\"></span>aw materials, p<span class=\"_ _0\"></span>ackaging and freight le<span class=\"_ _0\"></span>d to top line growth.<span class=\"_ _0\"></span> Although a\ue614ected by<span class=\"_ _0\"></span> cost in\ue617ation, the gr<span class=\"_ _0\"></span>oss pro\ue615t margin impr<span class=\"_ _0\"></span>oved fr<span class=\"_ _0\"></span>om 20.4% of rev<span class=\"_ _0\"></span>enue in 2021 to 2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>7% due to the implemented price adjustments and the focus on high-v<span class=\"_ _2\"></span>alue regions. Adjuste<span class=\"_ _0\"></span>d EBITDA<span class=\"_ _0\"></span> improv<span class=\"_ _0\"></span>ed strong<span class=\"_ _0\"></span>ly<span class=\"_ _2\"></span>.In Augus<span class=\"_ _0\"></span>t 2022,<span class=\"_ _0\"></span> the Agf<span class=\"_ _0\"></span>a-Gevaert Gr<span class=\"_ _0\"></span>oup has signed a share pur<span class=\"_ _0\"></span>chase agreement w<span class=\"_ _0\"></span>ith A<span class=\"_ _0\"></span>URELIUS Group for<span class=\"_ _0\"></span> the sale of its O\ue614set Solutions division. Both p<span class=\"_ _0\"></span>arties aim to complete the transaction in the \ue615rs<span class=\"_ _0\"></span>t week<span class=\"_ _0\"></span> of April, 20<span class=\"_ _0\"></span>23. Over<span class=\"_ _0\"></span>all, the Agf<span class=\"_ _0\"></span>a-Gev<span class=\"_ _0\"></span>aert Group expects a signi\ue615cant impr<span class=\"_ _0\"></span>ovement in pr<span class=\"_ _0\"></span>o\ue615tability in the full y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>3 versus 20<span class=\"_ _0\"></span>22. <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>\ue618e HealthCar<span class=\"_ _0\"></span>e IT div<span class=\"_ _0\"></span>ision<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s grow<span class=\"_ _0\"></span>th strategy is e<span class=\"_ _0\"></span>xpected to deliver<span class=\"_ _2\"></span> top line growth, as w<span class=\"_ _0\"></span>ell as double-digit adjusted <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>EBITD<span class=\"_ _0\"></span>A grow<span class=\"_ _0\"></span>th in 2023.<span class=\"_ _0\"></span> In Radiology Solutions, s<span class=\"_ _0\"></span>tability is expected,<span class=\"_ _2\"></span> with continuous margin pressur<span class=\"_ _0\"></span>e for medical \ue615lm.<span class=\"_ _2\"></span> \ue618e progress in Dir<span class=\"_ _0\"></span>ect Radiograph<span class=\"_ _2\"></span>y that was r<span class=\"_ _0\"></span>ecorded in the second half of 20<span class=\"_ _0\"></span>22 is expected to continue<span class=\"_ _2\"></span>. For<span class=\"_ _0\"></span> Digital Print &amp; Chemicals, the division e<span class=\"_ _0\"></span>xpects to restore pr<span class=\"_ _0\"></span>o\ue615tability<span class=\"_ _2\"></span>, b<span class=\"_ _0\"></span>ased on pricing actions and on positiv<span class=\"_ _0\"></span>e contributions from the Inca acquisition and the ZIRFON membranes.<span class=\"_ _2\"></span> \ue618e revenue g<span class=\"_ _0\"></span>enerate<span class=\"_ _0\"></span>d by ZIRFON will continue to gr<span class=\"_ _0\"></span>ow v<span class=\"_ _0\"></span>ery strongly<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Business continuity in Russia\ue618e Agfa Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s business in Russia concerns less than 2% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s turnover<span class=\"_ _2\"></span>, and the m<span class=\"_ _0\"></span>ajority rel<span class=\"_ _0\"></span>ates to the Radiol<span class=\"ws1\">-</span>ogy Solutions business. <span class=\"_ _0\"></span>Agfa is not producing in Rus<span class=\"_ _0\"></span>sia. Some <span class=\"_ _0\"></span>Agfa products,<span class=\"_ _0\"></span> such as o\ue614set equipment and ink products can no longer<span class=\"_ _0\"></span> be shipped to Russia/Belar<span class=\"_ _0\"></span>us due to EU r<span class=\"_ _0\"></span>estrictive meas<span class=\"_ _0\"></span>ures. <span class=\"_ _0\"></span>Within the limits set b<span class=\"_ _0\"></span>y the EU and competent national authorities,<span class=\"_ _0\"></span> Agfa <span class=\"_ _0\"></span>will continue using commerci<span class=\"_ _0\"></span>ally reason<span class=\"_ _0\"></span>able e\ue614orts to deliver<span class=\"_ _2\"></span> and ship any una\ue614ected, or<span class=\"_ _2\"></span>dered goods. <span class=\"_ _0\"></span>Agfa has no assets and no personne<span class=\"_ _0\"></span>l in Ukraine tha<span class=\"_ _0\"></span>t is a\ue614ected by the ong<span class=\"_ _0\"></span>oing crisis.   Indirect e\ue614ects from the situ<span class=\"_ _0\"></span>ation in Russia/Ukr<span class=\"_ _0\"></span>aine mainly rel<span class=\"_ _0\"></span>ate to expected cre<span class=\"_ _0\"></span>dit losses on trade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and lease receiv<span class=\"_ _0\"></span>ables, r<span class=\"_ _0\"></span>estricted cash and the re<span class=\"_ _0\"></span>alization of the business plan in the Radiology Solutions business taking into a<span class=\"_ _0\"></span>ccount increase<span class=\"_ _0\"></span>d in\ue617ation and increase<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ates. <span class=\"_ _2\"></span>\ue618e Agfa Group has t<span class=\"_ _0\"></span>wo subsidiaries of minor<span class=\"_ _0\"></span> importance in Russia and the outstanding 3rd p<span class=\"_ _0\"></span>arty tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables amount to 1 million Eur<span class=\"_ _0\"></span>o at the end of December 20<span class=\"_ _0\"></span>22. Durin<span class=\"_ _0\"></span>g 2022,<span class=\"_ _0\"></span> turnover<span class=\"_ _2\"></span> realiz<span class=\"_ _0\"></span>ed in Russia amount to 25 million Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ere is no restricte<span class=\"_ _0\"></span>d cash in these two legal entities.<span class=\"_ _0\"></span> \ue6ad. REPOR<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ABLE SEGMENTS\ue618e activities of the Group ha<span class=\"_ _0\"></span>ve been grouped into f<span class=\"_ _0\"></span>our div<span class=\"_ _0\"></span>isions: HealthCare IT<span class=\"_ _1\"></span>, Radiology Solutions, Digital Print &amp; Chemi<span class=\"ls1 ws1\">-</span>cals and O\ue614set Solutions. <span class=\"_ _2\"></span>\ue618is divisional structure is technology and solutions base<span class=\"_ _0\"></span>d and will allow the busines<span class=\"_ _0\"></span>s to seek future partnerships.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has identi\ue615ed the af<span class=\"_ _0\"></span>orementioned divisions as its oper<span class=\"_ _2\"></span>ating segments. <span class=\"_ _0\"></span>\ue618ey equal the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s <span class=\"_ _24\"></span><span class=\"ls1 ws1\"> </span>reportable segments.<span class=\"_ _0\"></span> All opera<span class=\"_ _0\"></span>ting segments hav<span class=\"_ _0\"></span>e strong mark<span class=\"_ _0\"></span>et positions, w<span class=\"_ _0\"></span>ell-de\ue615ned str<span class=\"_ _0\"></span>ategies and full responsibility<span class=\"_ _1\"></span>, <span class=\"_ _24\"></span><span class=\"ls1 ws1\"> </span>authority and accountabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.T<span class=\"_ _2\"></span>o allow<span class=\"_ _0\"></span> for a mor<span class=\"_ _0\"></span>e accurate as<span class=\"_ _0\"></span>sessment of the performance of the opera<span class=\"_ _0\"></span>ting segments some costs of Corpora<span class=\"_ _0\"></span>te functions at Group level (<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span>g. Inv<span class=\"_ _0\"></span>estor Re<span class=\"_ _0\"></span>lations, C<span class=\"_ _0\"></span>orporate Finance<span class=\"_ _2\"></span>, Internal Audit,<span class=\"_ _0\"></span> Innov<span class=\"_ _2\"></span>ation O\ue616ce) are not attributed to the oper<span class=\"_ _0\"></span>ating segments. <span class=\"_ _2\"></span>\ue618ese costs are reported under<span class=\"_ _0\"></span> \u2018Corpor<span class=\"_ _2\"></span>ate Services.<span class=\"_ _2\"></span>\u2019\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operating segments r<span class=\"_ _0\"></span>e\ue617ect the level at <span class=\"_ _0\"></span>which the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s CEO and the Executiv<span class=\"_ _0\"></span>e Committee rev<span class=\"_ _0\"></span>iew the business and make decisions about the alloca<span class=\"_ _0\"></span>tion of resources and other<span class=\"_ _0\"></span> opera<span class=\"_ _0\"></span>ting matters. <span class=\"_ _2\"></span>\ue618e reportable segments comprise the followin<span class=\"_ _0\"></span>g activities:HealthCare IT\ue618e HealthCar<span class=\"_ _0\"></span>e IT <span class=\"_ _0\"></span>division supports healthcar<span class=\"_ _0\"></span>e profession<span class=\"_ _0\"></span>als across the globe w<span class=\"_ _0\"></span>ith secure<span class=\"_ _2\"></span>, e\ue614ective and sustainable im<span class=\"_ _0\"></span>ag<span class=\"ws1\">-</span>ing data manag<span class=\"_ _0\"></span>ement. F<span class=\"_ _2\"></span>ocused on its robust and uni\ue615ed Enterprise Imaging Platform the div<span class=\"_ _0\"></span>ision helps its clients manage resource allocation,<span class=\"_ _2\"></span> improve productivit<span class=\"_ _0\"></span>y and prov<span class=\"_ _0\"></span>ide clinical con\ue615dence with patient-centric conte<span class=\"_ _0\"></span>xtual intelligence<span class=\"_ _2\"></span>.With its cor<span class=\"_ _0\"></span>e commitment on delivering v<span class=\"_ _2\"></span>alue, <span class=\"_ _0\"></span>Agfa HealthC<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s technology suits multi-specialty<span class=\"_ _0\"></span> requirements and se<span class=\"ws1\">-</span>curely stand<span class=\"_ _0\"></span>ardizes w<span class=\"_ _0\"></span>ork\ue617ows,<span class=\"_ _0\"></span> to collabor<span class=\"_ _0\"></span>ate seamlessly bet<span class=\"_ _0\"></span>ween departments and acr<span class=\"_ _0\"></span>oss geogr<span class=\"_ _0\"></span>aphies. From pr<span class=\"_ _0\"></span>oduct de<span class=\"ws1\">-</span>velopment to implementation,<span class=\"_ _0\"></span> Agfa He<span class=\"_ _2\"></span>althCare\u2019<span class=\"_ _1\"></span>s best-of-suite Imaging IT sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e solutions are purpose-built to reduce complexity and support he<span class=\"_ _2\"></span>althcare providers to achiev<span class=\"_ _0\"></span>e their clinical,<span class=\"_ _0\"></span> operational and busines<span class=\"_ _0\"></span>s stra<span class=\"_ _0\"></span>tegies.Radiology SolutionsAgfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Radiology Solutions division is a ma<span class=\"_ _0\"></span>jor pla<span class=\"_ _0\"></span>yer<span class=\"_ _0\"></span> on the diagnostic imaging mark<span class=\"_ _0\"></span>et, pr<span class=\"_ _0\"></span>oviding analog and digital im<span class=\"ws1\">-</span>aging technology to meet the needs of specialize<span class=\"_ _0\"></span>d clinicians in hospitals and imaging centers around the <span class=\"_ _0\"></span>world. <span class=\"_ _0\"></span>Agfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s innov<span class=\"_ _0\"></span>ative imaging equipment and its le<span class=\"_ _2\"></span>ading MUSICA image pr<span class=\"_ _0\"></span>ocessing softw<span class=\"_ _2\"></span>are set standards in productiv<span class=\"_ _0\"></span>ity<span class=\"_ _2\"></span>, safet<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, clinical v<span class=\"_ _0\"></span>alue and cost e\ue614ectiveness.With o<span class=\"_ _0\"></span>ver 1<span class=\"_ _0\"></span>50 y<span class=\"_ _0\"></span>ears of experience<span class=\"_ _2\"></span>, Agfa helps its customers to impr<span class=\"_ _0\"></span>ove the qualit<span class=\"_ _0\"></span>y and e\ue616ciency of their pa<span class=\"_ _0\"></span>tient care<span class=\"_ _0\"></span>. Ev<span class=\"_ _0\"></span>ery single day<span class=\"_ _1\"></span>, Agfa pro<span class=\"_ _0\"></span>ves that medical im<span class=\"_ _0\"></span>aging is in its DNA.Digital Print &amp; ChemicalsAgfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Digital Print &amp; Chemicals division serves a gr<span class=\"_ _0\"></span>eat v<span class=\"_ _2\"></span>ariety of industries. Building on Agf<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expertise in chemistry and its deep knowledg<span class=\"_ _0\"></span>e of the graphic arts industry<span class=\"_ _2\"></span>, the div<span class=\"_ _0\"></span>ision has a leading position in inkjet printin<span class=\"_ _0\"></span>g.<span class=\"_ _0\"></span> Agfa supplies sign &amp; displ<span class=\"_ _0\"></span>ay printing companies w<span class=\"_ _0\"></span>ith a rang<span class=\"_ _0\"></span>e of highly productive and <span class=\"_ _0\"></span>versatile wide-f<span class=\"_ _0\"></span>ormat inkjet printers with m<span class=\"_ _0\"></span>atched inks,<span class=\"_ _0\"></span> power<span class=\"_ _0\"></span>ed by dedicate<span class=\"_ _0\"></span>d work\ue617ow sof<span class=\"_ _0\"></span>tw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>. In addition,<span class=\"_ _0\"></span> it develops high-perform<span class=\"_ _0\"></span>ance inkjet inks and \ue617uids for<span class=\"_ _0\"></span> industrial inkjet appli<span class=\"ls1 ws1\">-</span>cations, ena<span class=\"_ _0\"></span>bling manufactur<span class=\"_ _0\"></span>ers to integrate print into their<span class=\"_ _2\"></span> existing production processes.<span class=\"_ _2\"></span> It also o\ue614ers dedicated inkjet inks to speci\ue615c hi-tech industries such as the printed electr<span class=\"_ _0\"></span>onics industry<span class=\"_ _2\"></span>. Furthermore<span class=\"_ _2\"></span>, the division supplies membranes to the hy<span class=\"_ _0\"></span>drogen pr<span class=\"_ _0\"></span>oduction industry (Zirfon),<span class=\"_ _0\"></span> as well as a r<span class=\"_ _2\"></span>ange of printable synthetic papers.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e product assortment is completed by \ue615lms for<span class=\"_ _2\"></span> micrography<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> non-destructive testin<span class=\"_ _0\"></span>g, a<span class=\"_ _0\"></span>erial photograph<span class=\"_ _0\"></span>y and printed circuit bo<span class=\"_ _0\"></span>ard production.O\ue61eset Solutions\ue618e O\ue614set Solutions division is a glob<span class=\"_ _0\"></span>al leading supplier<span class=\"_ _2\"></span> to the o\ue614set printing industry<span class=\"_ _2\"></span>, o\ue614ering commercial,<span class=\"_ _0\"></span> newspaper<span class=\"_ _2\"></span> and packaging printers and the most e<span class=\"_ _0\"></span>xtensive r<span class=\"_ _0\"></span>ange of integr<span class=\"_ _0\"></span>ated prepres<span class=\"_ _0\"></span>s and printing solutions. <span class=\"_ _2\"></span>\ue618ese span the entire prepress <span class=\"_ _0\"></span>work\ue617ow right up to the pr<span class=\"_ _0\"></span>ess with computer<span class=\"_ _2\"></span>-to-plate systems using digital o\ue614set printing pla<span class=\"_ _0\"></span>tes, pressr<span class=\"_ _0\"></span>oom supplies, and sta<span class=\"_ _0\"></span>te-of-the-art softw<span class=\"_ _0\"></span>are for<span class=\"_ _0\"></span> work\ue617ow<span class=\"_ _0\"></span> optimization, color<span class=\"_ _0\"></span> management,<span class=\"_ _0\"></span> screening and print stand<span class=\"_ _0\"></span>ardization.<span class=\"_ _0\"></span> Agfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s sustainable inno<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ations for o\ue614set printin<span class=\"_ _0\"></span>g bring v<span class=\"_ _0\"></span>alue to printing companies in terms of ecology<span class=\"_ _2\"></span>, econom<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, and extr<span class=\"_ _2\"></span>a convenience \u2014 or<span class=\"_ _2\"></span> ECO\ue613. 6.<span class=\"_ _2\"></span>1 Principles applied in determining segment results, segment assets and liabilities\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has identi\ue615ed the af<span class=\"_ _0\"></span>orementioned divisions as its oper<span class=\"_ _2\"></span>ating segments. <span class=\"_ _0\"></span>\ue618ey equal the Groups r<span class=\"_ _0\"></span>eport<span class=\"ls1 ws1\">-</span>able segments.\ue618ere are no tr<span class=\"_ _2\"></span>ansactions between operating segments.Segment results,<span class=\"_ _0\"></span> assets and liabilities are attribute<span class=\"_ _0\"></span>d to a reportable segment base<span class=\"_ _0\"></span>d on the following principles: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Direct attributable to a r<span class=\"_ _0\"></span>eportable segment whenever<span class=\"_ _2\"></span> possible; other<span class=\"_ _22\"></span>wise</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Allocated to a reportable segment on a r<span class=\"_ _0\"></span>easonable b<span class=\"_ _0\"></span>asis, pr<span class=\"_ _0\"></span>eferably<span class=\"_ _0\"></span> activity b<span class=\"_ _0\"></span>ased or e\ue614<span class=\"_ _0\"></span>ortized.</span></span>T<span class=\"_ _2\"></span>o allow<span class=\"_ _0\"></span> for a mor<span class=\"_ _0\"></span>e accurate as<span class=\"_ _0\"></span>sessment of the performance of the opera<span class=\"_ _0\"></span>ting segments some costs of Corpora<span class=\"_ _0\"></span>te functions at Group level (<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span>g. Inv<span class=\"_ _0\"></span>estor r<span class=\"_ _0\"></span>elations,<span class=\"_ _0\"></span> Corporate Fin<span class=\"_ _0\"></span>ance,<span class=\"_ _0\"></span> Internal A<span class=\"_ _0\"></span>udit, Innov<span class=\"_ _2\"></span>ation o\ue616ce) are not attributed to the oper<span class=\"_ _2\"></span>ating<span class=\"_ _22\"></span> segments. <span class=\"_ _2\"></span>\ue618ese costs are currently reported under<span class=\"_ _2\"></span> \u2018Corpora<span class=\"_ _0\"></span>te Services.<span class=\"_ _1\"></span>\u2019 Also the costs and lia<span class=\"_ _0\"></span>bilities for ina<span class=\"_ _0\"></span>ctive employees (<span class=\"_ _0\"></span>see below) and close<span class=\"_ _0\"></span>d de\ue615ned bene\ue615t plans are not attributed to oper<span class=\"_ _2\"></span>ating segments as they cannot be allocated on a re<span class=\"_ _0\"></span>asonable basis to one or<span class=\"_ _0\"></span> more reportable segments.\ue618ese unallocated data ar<span class=\"_ _0\"></span>e included in the reconciling items betw<span class=\"_ _0\"></span>een the total reportable segment inform<span class=\"_ _0\"></span>ation and the consol<span class=\"ls1 ws1\">-</span>idated pro\ue615t or<span class=\"_ _2\"></span> loss, total assets and total liabilities.<span class=\"_ _0\"></span> \ue618is r<span class=\"_ _0\"></span>econciliation is pro<span class=\"_ _0\"></span>vided in Note 6<span class=\"_ _0\"></span>.3.Inactive emplo<span class=\"_ _0\"></span>yees are de\ue615ned as permanently<span class=\"_ _0\"></span> retired emplo<span class=\"_ _0\"></span>yees, f<span class=\"_ _0\"></span>ormer employ<span class=\"_ _0\"></span>ees with v<span class=\"_ _0\"></span>ested rights,<span class=\"_ _0\"></span> and other employ<span class=\"_ _0\"></span>ees who are not expecte<span class=\"_ _0\"></span>d to return to active sta<span class=\"_ _0\"></span>tus, e<span class=\"_ _0\"></span>.g<span class=\"_ _0\"></span>. e<span class=\"_ _0\"></span>arly retirement.<span class=\"_ _0\"></span> Employees <span class=\"_ _0\"></span>who are in principle only tempor<span class=\"_ _0\"></span>arily inactive<span class=\"_ _2\"></span>, e.<span class=\"_ _2\"></span>g. long-term disability or<span class=\"_ _2\"></span> illness, maternity le<span class=\"_ _0\"></span>ave<span class=\"_ _2\"></span>, military service, etc.<span class=\"_ _2\"></span> are treated as activ<span class=\"_ _0\"></span>e employees and ar<span class=\"_ _0\"></span>e consequently assigned to one of the reportable segments.Segment assets and liabilities do not comprise current income tax r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles and pay<span class=\"_ _2\"></span>ables and deferred taxes (see r<span class=\"_ _0\"></span>econcilia<span class=\"ls1 ws1\">-</span>tion in Note 6.3).6.2 Key data by businessKey data f<span class=\"_ _0\"></span>or the reporta<span class=\"_ _0\"></span>ble segments have been calcul<span class=\"_ _0\"></span>ated as follows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws27\">Adjusted EBIT<span class=\"_ _2\"></span> is the result from operatin<span class=\"_ _0\"></span>g activities before net r<span class=\"_ _0\"></span>estructuring expenses (2<span class=\"_ _0\"></span>022: 32 million E<span class=\"_ _0\"></span>uro,<span class=\"_ _2\"></span> 2021: 20 </span></span>million Euro<span class=\"_ _0\"></span>) and non-recurring items (20<span class=\"_ _0\"></span>22: 160 million Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> 2021: 13 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> Non-recurring items m<span class=\"_ _0\"></span>ainly com<span class=\"ws1\">-</span>prise impairment losses,<span class=\"_ _0\"></span> strategic tr<span class=\"_ _2\"></span>ansformation projects rela<span class=\"_ _0\"></span>ted costs (consultancy) and l<span class=\"_ _0\"></span>awyer<span class=\"_ _0\"></span> expenses; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">% of revenue is the r<span class=\"_ _0\"></span>atio of adjusted EBIT<span class=\"_ _2\"></span> to revenue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Adjusted EBITD<span class=\"_ _2\"></span>A = adjusted EBIT<span class=\"_ _0\"></span> before deprecia<span class=\"_ _0\"></span>tion and amortization;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Segment result is the pro\ue615t fr<span class=\"_ _0\"></span>om operatin<span class=\"_ _0\"></span>g activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Segment assets are those oper<span class=\"_ _0\"></span>ating assets that ar<span class=\"_ _0\"></span>e employe<span class=\"_ _0\"></span>d by a reportable segment in its oper<span class=\"_ _2\"></span>ating activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Segment liabilities are those oper<span class=\"_ _2\"></span>ating liabilities that result fr<span class=\"_ _0\"></span>om the operating a<span class=\"_ _0\"></span>ctivities of a reportable segment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws14\">Net cash from (use<span class=\"_ _0\"></span>d in) reportable segments is the e<span class=\"_ _0\"></span>xcess of cash receipts o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> cash disbursements from activities th<span class=\"_ _0\"></span>at </span></span>result from a r<span class=\"_ _0\"></span>eportable segment. <span class=\"_ _2\"></span>\ue618e \ue615nancial \ue617ows, the inter<span class=\"_ _0\"></span>est receive<span class=\"_ _0\"></span>d and cash \ue617ows from other<span class=\"_ _2\"></span> investing activities are not attributed to a r<span class=\"_ _0\"></span>eportable segment; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws5c\">Segment capital expenditure is the total cost incurr<span class=\"_ _0\"></span>ed during the period to acquire segment as<span class=\"_ _0\"></span>sets that are e<span class=\"_ _0\"></span>xpected to </span></span>be used for<span class=\"_ _0\"></span> more than one ye<span class=\"_ _2\"></span>ar; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wse6\">Other non-cash items include imp<span class=\"_ _0\"></span>airment losses and reversal of impairment los<span class=\"_ _0\"></span>ses of receiv<span class=\"_ _0\"></span>ables, write do<span class=\"_ _0\"></span>wns of in<span class=\"ws1\">-</span></span></span>ventories and rev<span class=\"_ _0\"></span>ersals of write downs,<span class=\"_ _0\"></span> past service costs (<span class=\"_ _0\"></span>credits) and gains and los<span class=\"_ _0\"></span>ses on settlements of de\ue615ned bene\ue615t liabilities, gr<span class=\"_ _2\"></span>anted subventions and additions and rev<span class=\"_ _0\"></span>ersals of provisions,<span class=\"_ _2\"></span> excluding prov<span class=\"_ _0\"></span>isions for income tax,<span class=\"_ _0\"></span> to the extent re\ue617ected in r<span class=\"_ _0\"></span>esults from oper<span class=\"_ _0\"></span>ating activ<span class=\"_ _0\"></span>ities.Radiology  Digital Print  Reportable segment<span class=\"_ _1bb\"> </span>HealthCare ITO\ue615set Solutions<span class=\"_ _1bc\"> </span><span class=\"ffa ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>Solutions&amp; ChemicalsMILLION EURO<span class=\"_ _1bd\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9b\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9b\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022</span>Revenue<span class=\"_ _14d\"> </span>\ue61f\ue61d\ue61b<span class=\"_ _9c\"> </span>\ue61f\ue616\ue616<span class=\"_ _4d\"> </span>\ue616\ue617\ue616<span class=\"_ _ae\"> </span>\ue616\ue617\ue61f<span class=\"_ _9c\"> </span>\ue61a\ue61a\ue61e<span class=\"_ _ae\"> </span>\ue61a\ue619\ue61f<span class=\"_ _9c\"> </span>\ue619\ue616\ue61c<span class=\"_ _ae\"> </span>\ue619\ue619\ue61b<span class=\"_ _a3\"> </span>\ue61d,\ue619\ue617\ue61e<span class=\"_ _a3\"> </span>\ue61d,\ue61c\ue618\ue619Change\ue610<span class=\"_ _37\"> </span>-\ue616.\ue61c%<span class=\"_ _183\"> </span>\ue61d\ue61d.\ue618%<span class=\"_ _5e\"> </span>-\ue616.\ue618%<span class=\"_ _5e\"> </span>-\ue61e.\ue616%<span class=\"_ _bd\"> </span>\ue61d\ue61a.\ue61b%<span class=\"_ _183\"> </span>\ue61d\ue61f.\ue61b%<span class=\"_ _9e\"> </span>\ue617.\ue61a%<span class=\"_ _93\"> </span>\ue616.\ue61f%<span class=\"_ _9e\"> </span>\ue61a.\ue61e%<span class=\"_ _9e\"> </span>\ue618.\ue618%Adjusted EBIT<span class=\"_ _1be\"> </span>\ue61f\ue61f<span class=\"_ _60\"> </span>\ue61f\ue61e<span class=\"_ _60\"> </span>\ue61a\ue61c<span class=\"_ _60\"> </span>\ue61f\ue61f<span class=\"_ _188\"> </span>\ue619<span class=\"_ _99\"> </span>(\ue61b)<span class=\"_ _af\"> </span>(\ue617)<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue617\ue61d<span class=\"_ _60\"> </span>\ue618\ue61e% of revenue<span class=\"_ _1bf\"> </span>\ue61b.\ue61b%<span class=\"_ _93\"> </span>\ue61c.\ue61e%<span class=\"_ _9e\"> </span>\ue61c.\ue61d%<span class=\"_ _93\"> </span>\ue616.\ue61c%<span class=\"_ _9e\"> </span>\ue61f.\ue61a%<span class=\"_ _5e\"> </span>-\ue61f.\ue617%<span class=\"_ _5e\"> </span>-\ue61e.\ue61c%<span class=\"_ _93\"> </span>\ue61f.\ue61a%<span class=\"_ _9e\"> </span>\ue61a.\ue618%<span class=\"_ _9e\"> </span>\ue61f.\ue619%Amortization and depreciation<span class=\"_ _1c0\"> </span>\ue61a<span class=\"_ _188\"> </span>\ue61f<span class=\"_ _60\"> </span>\ue61d\ue618<span class=\"_ _60\"> </span>\ue61d\ue618<span class=\"_ _1bc\"> </span>\ue61c<span class=\"_ _188\"> </span>\ue61b<span class=\"_ _188\"> </span>\ue61c<span class=\"_ _1bc\"> </span>\ue61c<span class=\"_ _60\"> </span>\ue61a\ue616<span class=\"_ _60\"> </span>\ue61a\ue618Depreciation right-of-use assets<span class=\"_ _1c1\"> </span>\ue617<span class=\"_ _188\"> </span>\ue618<span class=\"_ _1bc\"> </span>\ue61c<span class=\"_ _184\"> </span>\ue61b<span class=\"_ _1bc\"> </span>\ue616<span class=\"_ _188\"> </span>\ue616<span class=\"_ _60\"> </span>\ue61d\ue61e<span class=\"_ _60\"> </span>\ue61d\ue61e<span class=\"_ _60\"> </span>\ue61f\ue61c<span class=\"_ _60\"> </span>\ue61f\ue61cAdjusted EBITDA<span class=\"_ _b1\"> </span>\ue61a\ue61e<span class=\"_ _60\"> </span>\ue61f\ue619<span class=\"_ _60\"> </span>\ue617\ue61d<span class=\"_ _60\"> </span>\ue616\ue619<span class=\"_ _8b\"> </span>\ue61d\ue61b<span class=\"_ _188\"> </span>\ue61a<span class=\"_ _60\"> </span>\ue61d\ue61f<span class=\"_ _60\"> </span>\ue61a\ue617<span class=\"_ _4d\"> </span>\ue61d\ue61f\ue61f<span class=\"_ _ae\"> </span>\ue61d\ue61d\ue61aSegment result<span class=\"_ _153\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue616\ue61d<span class=\"_ _88\"> </span>(\ue619\ue61f)<span class=\"_ _1bc\"> </span>\ue618<span class=\"_ _88\"> </span>(\ue61d\ue618)<span class=\"_ _88\"> </span>(\ue61d\ue617)<span class=\"_ _a5\"> </span>(\ue61a\ue617)<span class=\"_ _60\"> </span>\ue616\ue619<span class=\"_ _a3\"> </span>(\ue61d\ue61e\ue618)Segment assets<span class=\"_ _1c2\"> </span>\ue61a\ue61b\ue618<span class=\"_ _4d\"> </span>\ue616\ue61f\ue61e<span class=\"_ _4d\"> </span>\ue61a\ue61b\ue61f<span class=\"_ _4d\"> </span>\ue61a\ue61e\ue617<span class=\"_ _ae\"> </span>\ue61f\ue616\ue61e<span class=\"_ _4d\"> </span>\ue61a\ue61a\ue61a<span class=\"_ _4d\"> </span>\ue616\ue61f\ue61b<span class=\"_ _4d\"> </span>\ue61a\ue61c\ue61f<span class=\"_ _a3\"> </span>\ue61d,\ue616\ue618\ue617<span class=\"_ _a3\"> </span>\ue61d,\ue616\ue616\ue61dSegment liabilities<span class=\"_ _1c3\"> </span>\ue61d\ue61f\ue61b<span class=\"_ _4d\"> </span>\ue61d\ue61f\ue61a<span class=\"_ _4d\"> </span>\ue61d\ue61b\ue61a<span class=\"_ _4d\"> </span>\ue61d\ue617\ue616<span class=\"_ _8b\"> </span>\ue619\ue617<span class=\"_ _4d\"> </span>\ue61d\ue61e\ue618<span class=\"_ _4d\"> </span>\ue61f\ue61b\ue61a<span class=\"_ _4d\"> </span>\ue61f\ue61f\ue61c<span class=\"_ _ae\"> </span>\ue617\ue61b\ue61d<span class=\"_ _4d\"> </span>\ue617\ue61f\ue61eNet cash from (used in) reportable segments<span class=\"_ _185\"> </span>\ue617<span class=\"_ _99\"> </span>(\ue619)<span class=\"_ _60\"> </span>\ue618\ue616<span class=\"_ _1bc\"> </span>\ue616<span class=\"_ _188\"> </span>\ue618<span class=\"_ _88\"> </span>(\ue61a\ue61c)<span class=\"_ _1bc\"> </span>\ue61a<span class=\"_ _88\"> </span>(\ue61f\ue61c)<span class=\"_ _60\"> </span>\ue617\ue61c<span class=\"_ _88\"> </span>(\ue617\ue61c)Capital expenditures<span class=\"_ _1c4\"> </span>\ue61d<span class=\"_ _188\"> </span>\ue61f<span class=\"_ _60\"> </span>\ue61d\ue61e<span class=\"_ _60\"> </span>\ue61d\ue61d<span class=\"_ _1bc\"> </span>\ue61b<span class=\"_ _60\"> </span>\ue61d\ue61d<span class=\"_ _188\"> </span>\ue617<span class=\"_ _188\"> </span>\ue61c<span class=\"_ _60\"> </span>\ue61f\ue617<span class=\"_ _8b\"> </span>\ue61a\ue61fImpairment losses recognized on  -<span class=\"_ _a1\"> </span>-<span class=\"_ _a1\"> </span>-<span class=\"_ _60\"> </span>\ue619\ue61a<span class=\"_ _1c5\"> </span>-<span class=\"_ _a1\"> </span>-<span class=\"_ _188\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue616\ue61d<span class=\"_ _188\"> </span>\ue61d<span class=\"_ _4d\"> </span>\ue61d\ue61d\ue616non-current assetsOther non-cash items<span class=\"_ _8e\"> </span>\ue61d\ue618<span class=\"_ _60\"> </span>\ue61f\ue61e<span class=\"_ _8b\"> </span>\ue61a\ue61f<span class=\"_ _60\"> </span>\ue618\ue61d<span class=\"_ _60\"> </span>\ue61f\ue619<span class=\"_ _60\"> </span>\ue61a\ue618<span class=\"_ _60\"> </span>\ue616\ue61e<span class=\"_ _60\"> </span>\ue61a\ue61b<span class=\"_ _4d\"> </span>\ue61d\ue61d\ue616<span class=\"_ _ae\"> </span>\ue61d\ue616\ue616Research and development expenses<span class=\"_ _156\"> </span>\ue61f\ue61b<span class=\"_ _60\"> </span>\ue61a\ue61a<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue61d\ue617<span class=\"_ _60\"> </span>\ue61f\ue61f<span class=\"_ _60\"> </span>\ue61f\ue61b<span class=\"_ _60\"> </span>\ue61f\ue61e<span class=\"_ _60\"> </span>\ue61f\ue61e<span class=\"_ _60\"> </span>\ue61c\ue61b<span class=\"_ _60\"> </span>\ue61b\ue61cAverage number of employees  \ue61d,\ue61f\ue61c\ue61d<span class=\"_ _a3\"> </span>\ue61d,\ue61f\ue61f\ue61b<span class=\"_ _a3\"> </span>\ue61f,\ue61f\ue61c\ue618<span class=\"_ _a3\"> </span>\ue61f,\ue61d\ue61d\ue61f<span class=\"_ _a3\"> </span>\ue61d,\ue61d\ue618\ue619<span class=\"_ _a3\"> </span>\ue61d,\ue61f\ue61a\ue61e<span class=\"_ _a3\"> </span>\ue61f,\ue616\ue61e\ue61f<span class=\"_ _a3\"> </span>\ue61f,\ue61d\ue618\ue61d<span class=\"_ _a3\"> </span>\ue619,\ue61d\ue61f\ue617<span class=\"_ _a3\"> </span>\ue617,\ue619\ue61f\ue61d (\ue61d)(Full time equivalents)(1) <span class=\"_ _0\"></span>\ue618e \ue615gures comprise permanent and tempor<span class=\"_ _0\"></span>ary contracts.6.3 Reconciliation of revenue, adjusted EBIT<span class=\"_ _1\"></span>, pro\ue61ft or loss, assets, liabilities and cash \ue60bowsMILLION EURO<span class=\"_ _1c6\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>RevenueRevenue for reportable segments<span class=\"_ _1c7\"> </span>\ue61d,\ue619\ue617\ue61e<span class=\"_ _39\"> </span>\ue61d,\ue61c\ue618\ue619Consolidated revenue<span class=\"_ _1c8\"> </span>1,760<span class=\"_ _39\"> </span>1,857Adjusted EBITAdjusted EBIT for reportable segments<span class=\"_ _178\"> </span>\ue617\ue61d<span class=\"_ _f8\"> </span>\ue618\ue61e (\ue61d)Adjusted EBIT not allocated to a reportable segment(\ue61d\ue61b)<span class=\"_ _12b\"> </span>(\ue61d\ue61b)Consolidated adjusted EBIT<span class=\"_ _113\"> </span>42<span class=\"_ _14b\"> </span>31Pro\ue615t or lossSegment result<span class=\"_ _1c9\"> </span>\ue616\ue619<span class=\"_ _39\"> </span>(\ue61d\ue61e\ue618) (\ue61d)Pro\ue614t (loss) from operating activities not allocated to a reportable segment(\ue61a\ue61c)<span class=\"_ _12b\"> </span>(\ue618\ue618)Results from operating activities<span class=\"_ _78\"> </span>9<span class=\"_ _163\"> </span>(160)Other unallocated amounts:Interest income (expense) - net<span class=\"_ _1ca\"> </span>(\ue61d)<span class=\"_ _136\"> </span>-Other \ue614nance income (expense) - net<span class=\"_ _1cb\"> </span>(\ue617)<span class=\"_ _12b\"> </span>(\ue61f\ue61e)Share of pro\ue614t of associates - net of tax<span class=\"_ _15b\"> </span>-<span class=\"_ _d4\"> </span>(\ue61d)Consolidated pro\ue615t (loss) before income taxes<span class=\"_ _1cc\"> </span>1<span class=\"_ _163\"> </span>(181)AssetsT<span class=\"_ _2\"></span>otal assets for reportable segments<span class=\"_ _1cd\"> </span>\ue61d,\ue616\ue618\ue617<span class=\"_ _39\"> </span>\ue61d,\ue616\ue616\ue61d (\ue61d)\ue610Operating assets not allocated to a reportable segment \ue616\ue61a<span class=\"_ _14b\"> </span>\ue61f\ue61fOther \ue614nancial assets<span class=\"_ _1ce\"> </span>\ue61d\ue61e<span class=\"_ _b4\"> </span>\ue617Deferred tax assets<span class=\"_ _18\"> </span>\ue61d\ue61f\ue616<span class=\"_ _14b\"> </span>\ue61b\ue61dDerivative \ue614nancial instruments<span class=\"_ _77\"> </span>\ue61d<span class=\"_ _b4\"> </span>\ue61aCash and cash equivalents<span class=\"_ _126\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _13c\"> </span>\ue61d\ue61a\ue61cCurrent income tax assets<span class=\"_ _1cf\"> </span>\ue617\ue61a<span class=\"_ _14b\"> </span>\ue618\ue617Consolidated total assets<span class=\"_ _1d0\"> </span>2,095<span class=\"_ _39\"> </span>1,756LiabilitiesT<span class=\"_ _2\"></span>otal liabilities for reportable segments<span class=\"_ _151\"> </span>\ue617\ue61b\ue61d<span class=\"_ _13c\"> </span>\ue617\ue61f\ue61e (\ue61d)\ue610Operating liabilities not allocated to a reportable segment\ue617\ue61e\ue61c<span class=\"_ _13c\"> </span>\ue616\ue617\ue61bLoans and borrowings<span class=\"_ _122\"> </span>\ue619\ue61f<span class=\"_ _14b\"> </span>\ue617\ue617Deferred tax liabilities<span class=\"_ _17b\"> </span>\ue617<span class=\"_ _13f\"> </span>\ue61bDerivative \ue614nancial instruments<span class=\"_ _77\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue61fCurrent income tax liabilities<span class=\"_ _1d1\"> </span>\ue61f\ue61c<span class=\"_ _14b\"> </span>\ue61f\ue61bOther unallocated liabilities<span class=\"_ _144\"> </span>\ue61f<span class=\"_ _136\"> </span>-Equity<span class=\"_ _7f\"> </span>\ue617\ue61c\ue618<span class=\"_ _13c\"> </span>\ue618\ue617\ue61dConsolidated total equity and liabilities<span class=\"_ _1d2\"> </span>2,095<span class=\"_ _39\"> </span>1,756Cash \ue613owsNet cash from (used in) reportable segments<span class=\"_ _17\"> </span>\ue617\ue61c<span class=\"_ _18c\"> </span>(\ue617\ue61c)Operating cash \ue613ows not allocated to a reportable segment<span class=\"_ _1d3\"> </span>(\ue61f\ue61d\ue61c)<span class=\"_ _12b\"> </span>(\ue61b\ue61f)Net interest and dividend paid to non-controlling interests<span class=\"_ _1d4\"> </span>(\ue618)<span class=\"_ _12b\"> </span>(\ue61d\ue61e)Purchase of treasury shares<span class=\"_ _1d5\"> </span>(\ue61f\ue61b)<span class=\"_ _12b\"> </span>(\ue61f\ue61d)Net proceeds from borrowings<span class=\"_ _1d6\"> </span>(\ue61f)<span class=\"_ _d4\"> </span>(\ue61d)Acquisitions and disposals of business<span class=\"_ _1b1\"> </span>-<span class=\"_ _18c\"> </span>(\ue618\ue61a)Proceeds/(payment) of derivatives<span class=\"_ _1d7\"> </span>(\ue61f)<span class=\"_ _d4\"> </span>(\ue61b)Other<span class=\"_ _110\"> </span>\ue616<span class=\"_ _b4\"> </span>\ue61dConsolidated net increase (decrease) in cash and cash equivalents<span class=\"_ _1d8\"> </span>(185)<span class=\"_ _163\"> </span>(253)(1) Operatin<span class=\"_ _0\"></span>g results, assets and li<span class=\"_ _0\"></span>abilities and cash \ue617ows, not allocate<span class=\"_ _0\"></span>d to a reportable segment, r<span class=\"_ _0\"></span>elate mainly to corpor<span class=\"_ _0\"></span>ate functions  at Group level and ina<span class=\"_ _0\"></span>ctive employees.6.4 Reconciliation of other material items for 2021 and 2022Other material items 2021\ue618e segmented other m<span class=\"_ _0\"></span>aterial items as presented in the table under<span class=\"_ _2\"></span> Note 6.2 can be reconciled with the consolid<span class=\"_ _0\"></span>ated \ue615gures as follo<span class=\"_ _0\"></span>ws:Reportable MILLION EURO<span class=\"_ _1d9\"> </span>NoteAdjustments<span class=\"_ _1da\"> </span><span class=\"ffc ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>segments totalCapital expenditures (cash out\ue613ows)<span class=\"_ _ed\"> </span>\ue61f\ue619/\ue61f\ue61c<span class=\"_ _ed\"> </span>\ue61f\ue617<span class=\"_ _1c0\"> </span>-<span class=\"_ _16d\"> </span>\ue61f\ue617Amortization and depreciation<span class=\"_ _1db\"> </span>\ue61f\ue619/\ue61f\ue61c<span class=\"_ _ed\"> </span>\ue61a\ue616<span class=\"_ _1c0\"> </span>-<span class=\"_ _16d\"> </span>\ue61a\ue616Depreciation right-of-use assets (IFRS \ue61d\ue617)<span class=\"_ _c4\"> </span>\ue61f\ue61b<span class=\"_ _e1\"> </span>\ue61f\ue61c<span class=\"_ _1c0\"> </span>-<span class=\"_ _1a9\"> </span>\ue61f\ue61cImpairment losses recognized on non-current assets<span class=\"_ _d0\"> </span>\ue61f\ue619/\ue61f\ue61c/\ue61f\ue61b<span class=\"_ _fb\"> </span>\ue61d<span class=\"_ _4e\"> </span>-<span class=\"_ _94\"> </span>\ue61dOther non-cash items<span class=\"_ _1dc\"> </span>\ue61d\ue61d\ue616<span class=\"_ _1c0\"> </span>-<span class=\"_ _f3\"> </span>\ue61d\ue61d\ue616Research and development expenses<span class=\"_ _1dd\"> </span>\ue61c\ue61b<span class=\"_ _193\"> </span>\ue617<span class=\"_ _16d\"> </span>\ue61b\ue618Other material items 2022Reportable MILLION EURO<span class=\"_ _128\"> </span>NoteAdjustments<span class=\"_ _1da\"> </span><span class=\"ffc ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>segments totalCapital expenditures (cash out\ue613ows)<span class=\"_ _db\"> </span>\ue61f\ue619/\ue61f\ue61c<span class=\"_ _ed\"> </span>\ue61a\ue61f<span class=\"_ _1c0\"> </span>-<span class=\"_ _1a9\"> </span>\ue61a\ue61aAmortization and depreciation<span class=\"_ _1de\"> </span>\ue61f\ue619/\ue61f\ue61c<span class=\"_ _ed\"> </span>\ue61a\ue616<span class=\"_ _1c0\"> </span>-<span class=\"_ _16d\"> </span>\ue61a\ue618Depreciation right-of-use assets (IFRS \ue61d\ue617)<span class=\"_ _138\"> </span>\ue61f\ue61b<span class=\"_ _dd\"> </span>\ue61f\ue61c<span class=\"_ _1c0\"> </span>-<span class=\"_ _1a9\"> </span>\ue61f\ue61cImpairment losses recognized on non-current assets<span class=\"_ _89\"> </span>\ue61f\ue619/\ue61f\ue61c/\ue61f\ue61b<span class=\"_ _1df\"> </span>\ue61d\ue61d\ue616<span class=\"_ _1c0\"> </span>-<span class=\"_ _f3\"> </span>\ue61d\ue61d\ue616Other non-cash items<span class=\"_ _1e0\"> </span>\ue61d\ue616\ue616<span class=\"_ _193\"> </span>\ue618<span class=\"_ _f3\"> </span>\ue61d\ue616\ue61bResearch and development expenses<span class=\"_ _1e1\"> </span>\ue61b\ue61c<span class=\"_ _193\"> </span>\ue61a<span class=\"_ _f3\"> </span>\ue61d\ue61e\ue61d6.5 Geographical information for 2021 and 2022\ue618e Group distinguishes f<span class=\"_ _0\"></span>our geogr<span class=\"_ _2\"></span>aphical regions: Europe<span class=\"_ _0\"></span>, N<span class=\"_ _0\"></span>AFT<span class=\"_ _2\"></span>A,<span class=\"_ _0\"></span> Latin America and Asia/<span class=\"_ _2\"></span>Oceania/<span class=\"_ _2\"></span>Africa. \ue618e Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s <span class=\"_ _86\"></span><span class=\"ws1\"> </span>cou<span class=\"_ _22\"></span>ntr<span class=\"_ _22\"></span>y o<span class=\"_ _22\"></span>f establishment is Belgium.\ue61f\ue61e\ue61f\ue61d2022MILLION EURO (\ue61d) (1)Revenue by marketRevenue by marketEurope<span class=\"_ _1a\"> </span>\ue617\ue618\ue616\ue617\ue61c\ue61a\ue610\ue610 of which related to home market Belgium<span class=\"_ _1e2\"> </span>\ue61a\ue616<span class=\"_ _1c2\"> </span>\ue61a\ue618NAFT<span class=\"_ _2\"></span>A<span class=\"_ _109\"> </span>\ue61a\ue618\ue61e<span class=\"_ _1e3\"> </span>\ue616\ue61f\ue618Latin America<span class=\"_ _1e4\"> </span><span class=\"ws1\">\ue61d\ue61e\ue619<span class=\"_ _1e3\"> </span>\ue61d\ue61f\ue61c</span>Asia/Oceania/Africa<span class=\"_ _1b6\"> </span>\ue617\ue618\ue61e<span class=\"_ _1e5\"> </span>\ue617\ue61f\ue61eTOT<span class=\"_ _0\"></span>AL<span class=\"_ _1e6\"> </span><span class=\"ls1 ws1\">1,760<span class=\"_ _1c3\"> </span>1,857</span>All foreign countriesGermany<span class=\"_ _16\"> </span>\ue61d\ue61a\ue61f<span class=\"_ _1e3\"> </span>\ue61d\ue61f\ue61bFrance<span class=\"_ _149\"> </span>\ue618\ue619<span class=\"_ _1e7\"> </span>\ue617\ue61eItaly<span class=\"_ _1e8\"> </span>\ue617\ue61b<span class=\"_ _1e7\"> </span>\ue619\ue616UK<span class=\"_ _13\"> </span>\ue619\ue616<span class=\"_ _1c2\"> </span>\ue61b\ue61eUS<span class=\"_ _68\"> </span>\ue61f\ue619\ue61e<span class=\"_ _1e3\"> </span>\ue61a\ue61f\ue61cCanada<span class=\"_ _113\"> </span>\ue616\ue61c<span class=\"_ _1c2\"> </span>\ue617\ue61eBrazil<span class=\"_ _157\"> </span>\ue618\ue61e<span class=\"_ _1e7\"> </span>\ue617\ue61eIndia<span class=\"_ _175\"> </span>\ue618\ue616<span class=\"_ _1e7\"> </span>\ue617\ue61eChina\ue610<span class=\"_ _113\"> </span>\ue61a\ue61f\ue61f<span class=\"_ _1e3\"> </span>\ue61a\ue61e\ue61dJapan<span class=\"_ _157\"> </span>\ue618\ue61e<span class=\"_ _1c2\"> </span>\ue616\ue617Other countries<span class=\"_ _1a0\"> </span>\ue617\ue61a\ue616<span class=\"_ _1e3\"> </span>\ue617\ue616\ue61bTOT<span class=\"_ _2\"></span>AL CONSOLIDA<span class=\"_ _2\"></span>TED<span class=\"_ _1e9\"> </span>1,760<span class=\"_ _1c3\"> </span>1,857(1) Location by customer\ue61f\ue61e\ue61f\ue61d2022MILLION EURO (\ue61d) (1)Non-current assetsNon-current assetsEurope<span class=\"_ _1d1\"> </span>\ue61f\ue617\ue619<span class=\"_ _1e5\"> </span>\ue61f\ue61f\ue61e\ue610\ue610 of which related to home market Belgium<span class=\"_ _1ea\"> </span>\ue61d\ue61c\ue616<span class=\"_ _1e3\"> </span>\ue61d\ue61b\ue61dNAFT<span class=\"_ _2\"></span>A<span class=\"_ _1a\"> </span>\ue61a\ue61e\ue61d<span class=\"_ _1e5\"> </span>\ue61f\ue617\ue617Latin America<span class=\"_ _1eb\"> </span><span class=\"ws1\">\ue61b<span class=\"_ _1bf\"> </span>\ue618</span>Asia/Oceania/Africa<span class=\"_ _123\"> </span>\ue618\ue616<span class=\"_ _1e7\"> </span>\ue61f\ue61aTOT<span class=\"_ _0\"></span>AL<span class=\"_ _109\"> </span><span class=\"ls1 ws1\">632<span class=\"_ _1e5\"> </span>513</span>All foreign countriesGermany<span class=\"_ _1ec\"> </span>\ue61a\ue61a<span class=\"_ _1bf\"> </span>\ue617Belgium<span class=\"_ _1ed\"> </span>\ue61d\ue61c\ue61a<span class=\"_ _1e3\"> </span>\ue61d\ue619\ue616UK<span class=\"_ _120\"> </span>\ue616\ue61d<span class=\"_ _1c2\"> </span>\ue61f\ue61cUS<span class=\"_ _1ee\"> </span>\ue61d\ue618\ue61d<span class=\"_ _1e3\"> </span>\ue61d\ue61d\ue616Canada<span class=\"_ _19e\"> </span>\ue61d\ue616\ue61c<span class=\"_ _1e5\"> </span>\ue61d\ue618\ue61eBrazil<span class=\"_ _1ef\"> </span>\ue617<span class=\"_ _1bf\"> </span>\ue61fChina<span class=\"_ _1f0\"> </span>\ue61f\ue61b<span class=\"_ _1bf\"> </span>\ue61bHong Kong<span class=\"_ _1ca\"> </span>\ue61d\ue61f<span class=\"_ _1f1\"> </span>\ue61bOther countries<span class=\"_ _1f2\"> </span>\ue61f\ue61c<span class=\"_ _1e7\"> </span>\ue61f\ue61fTOT<span class=\"_ _0\"></span>AL<span class=\"_ _109\"> </span><span class=\"ls1 ws1\">632<span class=\"_ _1e5\"> </span>513</span>(1) Excluding deferr<span class=\"_ _0\"></span>ed tax assets based on the location of the assets.\ue680<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>ALTERNA<span class=\"_ _2\"></span>TIVE PERFORMANCE<span class=\"_ _0\"></span> MEASUREManagement has pr<span class=\"_ _0\"></span>esented the performance meas<span class=\"_ _0\"></span>ures \u2018<span class=\"_ _1\"></span>Adjusted EBIT\u2019 and <span class=\"_ _0\"></span>\u2018<span class=\"_ _1\"></span>Adjusted EBITDA<span class=\"_ _1\"></span>\u2019 because it monitors these performance meas<span class=\"_ _0\"></span>ures by div<span class=\"_ _0\"></span>ision and believes that these me<span class=\"_ _0\"></span>asures ar<span class=\"_ _0\"></span>e relev<span class=\"_ _0\"></span>ant to an understanding of the \ue615nancial per<span class=\"_ _2\"></span><span class=\"ws1\">-</span>formance of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operatin<span class=\"_ _0\"></span>g segments.\u2018<span class=\"_ _1\"></span>Adjusted EBIT\u2019 is the result from oper<span class=\"_ _2\"></span>ating activities before res<span class=\"_ _0\"></span>tructuring and non-recurring items.\u2018<span class=\"_ _1\"></span>Adjusted EBITDA<span class=\"_ _1\"></span>\u2019 is the result from oper<span class=\"_ _2\"></span>ating activities before depreci<span class=\"_ _0\"></span>ation, amortization,<span class=\"_ _0\"></span> restructurin<span class=\"_ _0\"></span>g expenses and non-recurring items.<span class=\"_ _0\"></span> Restructuring expenses m<span class=\"_ _0\"></span>ainly rela<span class=\"_ _0\"></span>te to employee re<span class=\"_ _0\"></span>lated termination costs.<span class=\"_ _2\"></span> \ue618ese costs are pr<span class=\"_ _0\"></span>esent<span class=\"ws1\">-</span>ed in Other e<span class=\"_ _0\"></span>xpense (see Note 9.2).At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> non-recurring items amount to 160 million E<span class=\"_ _0\"></span>uro and mainly comprise impairment los<span class=\"_ _0\"></span>ses on Goodwill of 70 million Euro  (Ra<span class=\"_ _0\"></span>diology Solutions), imp<span class=\"_ _0\"></span>airment losses on intangible assets of 3 million Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> impairment losses on Property<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Plant &amp; Equipment of 26 million Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> Impairment losses on Right-of-use <span class=\"_ _0\"></span>Assets of 15 million Euro<span class=\"_ _2\"></span>, strategic transform<span class=\"_ _0\"></span>ation projects rel<span class=\"_ _0\"></span>ated costs of 36 million Eur<span class=\"_ _0\"></span>o (stand-alone of O\ue614set Solutions and changing the org<span class=\"_ _0\"></span>anizational structure into a le<span class=\"_ _0\"></span>an, agile and futur<span class=\"_ _0\"></span>e-oriented structure<span class=\"_ _2\"></span>), lawyer<span class=\"_ _2\"></span> expenses of 4 million Euro,<span class=\"_ _0\"></span> an exception<span class=\"_ _0\"></span>al write-down of inventories of 1 million Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> consultancy expenses on acquisitions and div<span class=\"_ _0\"></span>estitures of 2 million Eur<span class=\"_ _0\"></span>o and a negative pension adjustment of 1 million Euro<span class=\"_ _2\"></span>.At ye<span class=\"_ _2\"></span>ar-end 2021,<span class=\"_ _0\"></span> non-recurring items amount to 13 million E<span class=\"_ _0\"></span>uro and mainly comprise str<span class=\"_ _2\"></span>ategic transformation pr<span class=\"_ _0\"></span>ojects relate<span class=\"_ _0\"></span>d costs of 20 million Euro (<span class=\"_ _0\"></span>stand-alone of O\ue614set Solutions and changing the organiza<span class=\"_ _0\"></span>tional structure into a le<span class=\"_ _0\"></span>an, agile and future-oriented str<span class=\"_ _0\"></span>ucture),<span class=\"_ _2\"></span> lawyer e<span class=\"_ _0\"></span>xpenses of 1 million Euro<span class=\"_ _0\"></span>, an ex<span class=\"_ _0\"></span>ceptional write-dow<span class=\"_ _0\"></span>n of inventories of 1 million Euro<span class=\"_ _2\"></span>, an exceptional write-do<span class=\"_ _0\"></span>wn of unrecov<span class=\"_ _0\"></span>erable b<span class=\"_ _0\"></span>alance sheet amounts of 1 million Euro<span class=\"_ _2\"></span>, a provision r<span class=\"_ _0\"></span>elated to the e<span class=\"_ _0\"></span>xit of a leased fa<span class=\"_ _0\"></span>cility in the US of 1 million Euro<span class=\"_ _2\"></span>, a gain on the sale of assets of 7 million Euro and a positive pension adjus<span class=\"_ _0\"></span>t<span class=\"ws1\">-</span>ment of 4 million Euro<span class=\"_ _0\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table gives an ov<span class=\"_ _0\"></span>erview of the performance of each r<span class=\"_ _0\"></span>eportable segment.Radiology Digital Print  O\ue615set Reportable segment<span class=\"_ _1f4\"> </span>HealthCare ITTOT<span class=\"_ _0\"></span>ALSolutions&amp; ChemicalsSolutionsMILLION EURO<span class=\"_ _1f5\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9b\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9b\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022</span> (*)Segment result\ue61d\ue61c<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue616\ue61d<span class=\"_ _88\"> </span>(\ue619\ue61f)<span class=\"_ _1bc\"> </span>\ue618<span class=\"_ _88\"> </span>(\ue61d\ue618)<span class=\"_ _88\"> </span>(\ue61d\ue617)<span class=\"_ _a5\"> </span>(\ue61a\ue617)<span class=\"_ _60\"> </span>\ue616\ue619<span class=\"_ _a3\"> </span>(\ue61d\ue61e\ue618)Adjusted EBIT<span class=\"_ _b8\"> </span>\ue61f\ue61f<span class=\"_ _1f3\"> </span>\ue61f\ue61e<span class=\"_ _8b\"> </span>\ue61a\ue61c<span class=\"_ _60\"> </span>\ue61f\ue61f<span class=\"_ _188\"> </span>\ue619<span class=\"_ _99\"> </span>(\ue61b)<span class=\"_ _99\"> </span>(\ue617)<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue617\ue61d<span class=\"_ _8b\"> </span>\ue618\ue61eAdjusted EBITDA<span class=\"_ _1f6\"> </span>\ue61a\ue61e<span class=\"_ _60\"> </span>\ue61f\ue619<span class=\"_ _60\"> </span>\ue617\ue61d<span class=\"_ _60\"> </span>\ue616\ue619<span class=\"_ _60\"> </span>\ue61d\ue61b<span class=\"_ _1bc\"> </span>\ue61a<span class=\"_ _1f3\"> </span>\ue61d\ue61f<span class=\"_ _60\"> </span>\ue61a\ue617<span class=\"_ _ae\"> </span>\ue61d\ue61f\ue61f<span class=\"_ _9c\"> </span>\ue61d\ue61d\ue61a(*) Segment result: the pro\ue615t from oper<span class=\"_ _2\"></span>ating activities allocated to a reportable segment.Reconciliation of segment adjusted EBIT to results from operating activities<span class=\"_ _1f7\"> </span><span class=\"ffb fc1\">\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022</span></span>Segment adjusted EBIT<span class=\"_ _106\"> </span>\ue617\ue61d<span class=\"_ _60\"> </span>\ue618\ue61eAdjusted EBIT from operating activities not allocated to a reportable segment: mainly related to \u2018Corporate Services\u2019<span class=\"_ _f4\"> </span>(\ue61d\ue61b)<span class=\"_ _a5\"> </span>(\ue61d\ue61b)Adjusted EBIT<span class=\"_ _1f8\"> </span>42<span class=\"_ _60\"> </span>31Restructuring<span class=\"_ _1f9\"> </span>(\ue61f\ue61e)<span class=\"_ _88\"> </span>(\ue61a\ue61f)Non-recurring<span class=\"_ _110\"> </span>(\ue61d\ue61a)<span class=\"_ _a3\"> </span>(\ue61d\ue617\ue61e)Results from operating activities<span class=\"_ _18\"> </span>9<span class=\"_ _9e\"> </span>(160)Reconciliation of adjusted EBIT to adjusted EBITDAAdjusted EBIT<span class=\"_ _1f8\"> </span>42<span class=\"_ _60\"> </span>31Depreciation and amortization on Intangible assets and PP&amp;E<span class=\"_ _1fa\"> </span>\ue61a\ue616<span class=\"_ _60\"> </span>\ue61a\ue618Depreciation right-of-use assets (IFRS \ue61d\ue617 impact)<span class=\"_ _1fb\"> </span>\ue61f\ue61c<span class=\"_ _60\"> </span>\ue61f\ue61cAdjusted EBITDA<span class=\"_ _1fc\"> </span>104<span class=\"_ _60\"> </span>94Reconciliation of segment adjusted EBITDA to adjusted EBITDASegment adjusted EBITDA<span class=\"_ _1fd\"> </span>122<span class=\"_ _4d\"> </span>113Adjusted EBITDA from operating activities not allocated to a reportable segment: mainly related to \u2018Corporate Services\u2019<span class=\"_ _16d\"> </span>(\ue61d\ue61b)<span class=\"_ _88\"> </span>(\ue61d\ue61b)Adjusted EBITDA<span class=\"_ _1fc\"> </span>104<span class=\"_ _60\"> </span>94\ue682.<span class=\"_\"> </span>REVENUEMILLION EURO<span class=\"_ _10b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Revenue from contracts with customers<span class=\"_ _1fe\"> </span>\ue61d,\ue619\ue61e\ue61b<span class=\"_ _39\"> </span>\ue61d,\ue61c\ue61e\ue617Revenue from other sources: Cash Flow hedges<span class=\"_ _1ff\"> </span>\ue61d<span class=\"_ _d4\"> </span>(\ue618)Revenue from other sources: Leasing activities<span class=\"_ _200\"> </span>\ue618\ue61e<span class=\"_ _14b\"> </span>\ue618\ue617TOT<span class=\"_ _2\"></span>AL REVENUE<span class=\"_ _201\"> </span>1,760<span class=\"_ _39\"> </span>1,857\ue618e HealthCar<span class=\"_ _0\"></span>e IT and Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals divisions posted sales gr<span class=\"_ _0\"></span>owth ex<span class=\"_ _0\"></span>cluding currency impact.<span class=\"_ _2\"></span> Mainly due to price increases,<span class=\"_ _2\"></span> O\ue614set Solutions\u2019 top line rem<span class=\"_ _0\"></span>ained stable and Radiology Solutions<span class=\"_ _2\"></span>\u2019 medical \ue615lm business w<span class=\"_ _0\"></span>as heav<span class=\"_ _0\"></span>ily impacted b<span class=\"_ _0\"></span>y the COVID-lock<span class=\"_ _0\"></span>downs in China.<span class=\"_ _0\"></span> Due to increase<span class=\"_ _0\"></span>d momentum in the second half of the year<span class=\"_ _2\"></span>, the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> division<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s top line increased in North <span class=\"_ _0\"></span>Amer<span class=\"ws1\">-</span>ica and Europe v<span class=\"_ _0\"></span>ersus the previous <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e growth w<span class=\"_ _2\"></span>as driven by the revenue r<span class=\"_ _0\"></span>ecognition from a number of important contracts,<span class=\"_ _2\"></span> as well as a stabilization of recurring r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>. For<span class=\"_ _2\"></span> Radiology Solutions, stability is e<span class=\"_ _0\"></span>xpected, w<span class=\"_ _0\"></span>ith continuous margin pressur<span class=\"_ _0\"></span>e for<span class=\"_ _0\"></span> medical \ue615lm. <span class=\"_ _2\"></span>\ue618e progress in Direct Radiograph<span class=\"_ _2\"></span>y that was r<span class=\"_ _0\"></span>ecorded in the second half of 20<span class=\"_ _0\"></span>22 is expected to continue<span class=\"_ _2\"></span>. \ue618e m<span class=\"_ _0\"></span>arket driven top line decline for<span class=\"_ _2\"></span> the Computed Radiogr<span class=\"_ _0\"></span>aphy business <span class=\"_ _0\"></span>was f<span class=\"_ _0\"></span>urther ampli\ue615ed b<span class=\"_ _0\"></span>y the current geopolitical situ<span class=\"_ _0\"></span>ation and component shortages. Agfa continues to manag<span class=\"_ _0\"></span>e the CR business to maintain health<span class=\"_ _2\"></span>y pro\ue615t margins. F<span class=\"_ _2\"></span>ollowing a number of slow<span class=\"_ _0\"></span>er quarters,<span class=\"_ _2\"></span> <span class=\"_ _56\"></span><span class=\"ws1\"> </span>th<span class=\"_ _22\"></span>e <span class=\"_ _22\"></span>D<span class=\"_ _22\"></span>ir<span class=\"_ _22\"></span>ec<span class=\"_ _22\"></span>t <span class=\"_ _22\"></span>Radiography<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>\u2019 rev<span class=\"_ _0\"></span>enue started to pick up in the second half of the ye<span class=\"_ _2\"></span>ar.<span class=\"_ _2\"></span> Strong sales growth w<span class=\"_ _2\"></span>as recorded in<span class=\"_ _2\"></span> AS<span class=\"_ _2\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>C <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> LA<span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>AM. In a number of countries in those regions,<span class=\"_ _0\"></span> \ue615rst-of-a-kind installations <span class=\"_ _0\"></span>were re<span class=\"_ _2\"></span>alized with sever<span class=\"_ _0\"></span>al systems,<span class=\"_ _2\"></span> including high-end modalities and the recently introduced <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>ALOR<span class=\"_ _0\"></span>Y X<span class=\"_ _2\"></span>-ray r<span class=\"_ _0\"></span>oom. Furthermore<span class=\"_ _2\"></span>, Agfa has tak<span class=\"_ _2\"></span>en measur<span class=\"_ _0\"></span>es to deal with the pos<span class=\"_ _0\"></span>t-COVID mark<span class=\"_ _0\"></span>et volatilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. Recently<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the DR market saw<span class=\"_ _0\"></span> the entry of several new competitors with low<span class=\"_ _0\"></span>-cost solutions.  In the \ue615eld of digital print, the top line of the sign &amp; display<span class=\"_ _0\"></span> business grew str<span class=\"_ _0\"></span>ongly<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e ink product ran<span class=\"_ _0\"></span>ges for<span class=\"_ _0\"></span> sign &amp; display applications perf<span class=\"_ _0\"></span>ormed well thr<span class=\"_ _0\"></span>oughout the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. In spite of industry-wide logistic challeng<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> the high-end equipment, the w<span class=\"_ _0\"></span>ide-format printing equipment business poste<span class=\"_ _0\"></span>d solid revenue gr<span class=\"_ _0\"></span>owth. In the \ue615e<span class=\"_ _0\"></span>ld of industrial inkjet, the d\u00e9cor printing busines<span class=\"_ _0\"></span>s was imp<span class=\"_ _0\"></span>acted by<span class=\"_ _0\"></span> the weak<span class=\"_ _2\"></span>ening economic environment,<span class=\"_ _0\"></span> as customers are postponing in<span class=\"_ _0\"></span>vestments in their digitization pr<span class=\"_ _0\"></span>ocess. <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>olumes for OEM inks decr<span class=\"_ _0\"></span>eased due to the lock<span class=\"_ _0\"></span>downs in China,<span class=\"_ _0\"></span> the unstable geopolitical situation and the we<span class=\"_ _2\"></span>ak economic environment.Mainly due to price incre<span class=\"_ _0\"></span>ases, O\ue614set Solutions<span class=\"_ _0\"></span>\u2019 top line r<span class=\"_ _0\"></span>emained stable<span class=\"_ _2\"></span>. \ue618e div<span class=\"_ _0\"></span>ision continued to focus on high-v<span class=\"_ _0\"></span>alue re<span class=\"ls1 ws1\">-</span>gions, concentr<span class=\"_ _0\"></span>ating on margins r<span class=\"_ _2\"></span>ather than volumes.<span class=\"_ _0\"></span> In spite of the lower<span class=\"_ _0\"></span> volumes,<span class=\"_ _0\"></span> the successful implementation of price increases to ta<span class=\"_ _0\"></span>ckle the over<span class=\"_ _0\"></span>all cost in\ue617ation,<span class=\"_ _0\"></span> among others for r<span class=\"_ _2\"></span>aw materials, p<span class=\"_ _0\"></span>ackaging and freight le<span class=\"_ _0\"></span>d to top line growth. 8.<span class=\"_ _2\"></span>1 Nature of go<span class=\"_ _22\"></span>ods and services\ue618e Group gener<span class=\"_ _2\"></span>ates revenue from the sale of goods,<span class=\"_ _0\"></span> the rendering of services and o\ue614ers multiple-element arr<span class=\"_ _0\"></span>angements to customers. Other<span class=\"_ _2\"></span> sources of revenue include rental income from o<span class=\"_ _0\"></span>wned and leased equipment under<span class=\"_ _2\"></span> \ue615nance leases and immaterial amounts re<span class=\"_ _0\"></span>lated to hedge a<span class=\"_ _0\"></span>ccounting.<span class=\"_ _0\"></span> Revenue from the sale of g<span class=\"_ _0\"></span>oods includes the sale of consumables, chemicals,<span class=\"_ _0\"></span> spare p<span class=\"_ _0\"></span>arts, stand-alone equipment sales and softw<span class=\"_ _0\"></span>are licenses. R<span class=\"_ _0\"></span>evenue from the sale of goods ar<span class=\"_ _0\"></span>e recognized <span class=\"_ _0\"></span>when the customer obtains contr<span class=\"_ _0\"></span>ol of the goods and when it is probable th<span class=\"_ _0\"></span>at the agreed tr<span class=\"_ _0\"></span>ansaction price will be collecte<span class=\"_ _0\"></span>d. In ev<span class=\"_ _0\"></span>aluating w<span class=\"_ _0\"></span>hether collectability<span class=\"_ _0\"></span> is probable<span class=\"_ _2\"></span>, the entity considers the customer\u2019<span class=\"_ _2\"></span>s ability<span class=\"_ _0\"></span> and intention to pay tha<span class=\"_ _0\"></span>t amount when it is due<span class=\"_ _0\"></span>.Revenue from the r<span class=\"_ _0\"></span>endering of services includes installation services,<span class=\"_ _0\"></span> maintenance and post-contr<span class=\"_ _0\"></span>act support services. U<span class=\"_ _0\"></span>n<span class=\"ws1\">-</span>der the IFRS 1<span class=\"_ _0\"></span>5 standard,<span class=\"_ _2\"></span> as the customer simultaneously receives and cons<span class=\"_ _0\"></span>umes the bene\ue615ts related to these services,<span class=\"_ _2\"></span> the revenue fr<span class=\"_ _0\"></span>om rendering of services is recognize<span class=\"_ _0\"></span>d over<span class=\"_ _0\"></span> time<span class=\"_ _0\"></span>. In case the Group sells multiple services,<span class=\"_ _2\"></span> the total consideration in service contracts <span class=\"_ _0\"></span>will be allocated to all services base<span class=\"_ _0\"></span>d on their stand-alone se<span class=\"_ _0\"></span>lling price.<span class=\"_ _2\"></span> \ue618e stand-alone selling price will be determined base<span class=\"_ _0\"></span>d on the list prices at which the Group se<span class=\"_ _0\"></span>lls the services in separ<span class=\"_ _0\"></span>ate transactions.\ue618e Group moreo<span class=\"_ _0\"></span>ver enters into multiple-e<span class=\"_ _0\"></span>lement arrang<span class=\"_ _0\"></span>ements with customers w<span class=\"_ _0\"></span>hereby sev<span class=\"_ _0\"></span>eral deliv<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>bles such as softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, licenses,<span class=\"_ _0\"></span> hardw<span class=\"_ _2\"></span>are,<span class=\"_ _0\"></span> services and maintenance are combined and o\ue614er<span class=\"_ _0\"></span>ed to the customer<span class=\"_ _2\"></span>. In accor<span class=\"_ _0\"></span>dance with IFRS 15, the Gr<span class=\"_ _0\"></span>oup has assessed w<span class=\"_ _0\"></span>hether these deliv<span class=\"_ _0\"></span>erables qu<span class=\"_ _0\"></span>alify as separa<span class=\"_ _0\"></span>te performance obligations,<span class=\"_ _0\"></span> based on the criteria of separ<span class=\"_ _0\"></span>ate identi\ue615ability and w<span class=\"_ _0\"></span>hether or<span class=\"_ _0\"></span> not the customer<span class=\"_ _0\"></span> can bene\ue615t from goods or<span class=\"_ _0\"></span> services on its own or<span class=\"_ _0\"></span> with r<span class=\"_ _0\"></span>esources rea<span class=\"_ _0\"></span>dily av<span class=\"_ _0\"></span>ailable to him.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup concluded that for<span class=\"_ _2\"></span> arrangements not requiring s<span class=\"_ _0\"></span>ubstantive customization of the soft<span class=\"ws1\">-</span>war<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> these criteria were met.\ue618e application of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s accounting policy on recognition of rev<span class=\"_ _0\"></span>enue with reg<span class=\"_ _0\"></span>ard to multiple-element arr<span class=\"_ _0\"></span>angements requires judgment fr<span class=\"_ _0\"></span>om management in allocating the total arr<span class=\"_ _2\"></span>angement fee,<span class=\"_ _2\"></span> including any discounts, to e<span class=\"_ _0\"></span>ach perfor<span class=\"_ _0\"></span><span class=\"ws1\">-</span>mance obligation.<span class=\"_ _0\"></span> Changes to the performance oblig<span class=\"_ _0\"></span>ations in a multiple-element arr<span class=\"_ _0\"></span>angement and the respectiv<span class=\"_ _0\"></span>e value allocated to the performance obliga<span class=\"_ _0\"></span>tions could materially impa<span class=\"_ _0\"></span>ct the amount of earned and une<span class=\"_ _0\"></span>arned revenue<span class=\"_ _2\"></span>.Within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> and Radiology Solutions business segment, the v<span class=\"_ _0\"></span>ast majority of the arr<span class=\"_ _2\"></span>angements do not require signi\ue615cant customization or<span class=\"_ _0\"></span> modi\ue615cation. <span class=\"_ _0\"></span>Within the O\ue614set Solutions and Digital Print &amp; Chemicals busines<span class=\"_ _0\"></span>s segment, equipment sales that requir<span class=\"_ _0\"></span>e substantive install<span class=\"_ _0\"></span>ation activities are r<span class=\"_ _0\"></span>ecognized w<span class=\"_ _0\"></span>hen the installation of the equipment is \ue615nalized in accor<span class=\"_ _2\"></span>dance with the contractually<span class=\"_ _0\"></span> agreed speci\ue615cations.<span class=\"_ _0\"></span> Under IFRS 1<span class=\"_ _0\"></span>5, install<span class=\"_ _0\"></span>ation services and equipment are considered highly interr<span class=\"_ _0\"></span>elated and ar<span class=\"_ _0\"></span>e identi\ue615ed as one performance obligation th<span class=\"_ _0\"></span>at will be recogniz<span class=\"_ _0\"></span>ed at a point in time<span class=\"_ _0\"></span>, i.e<span class=\"_ _2\"></span>. at installation at the client<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s premises.Within He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _1\"></span>, the Group has de\ue615ned standar<span class=\"_ _0\"></span>d payment terms <span class=\"_ _0\"></span>which di\ue614er<span class=\"_ _0\"></span> between regions b<span class=\"_ _0\"></span>ased on local practic<span class=\"ws1\">-</span>es. P<span class=\"_ _2\"></span>ayment terms are kept as short as possible<span class=\"_ _2\"></span>. In Europe<span class=\"_ _2\"></span>, LA<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>AM, N<span class=\"_ _0\"></span>AFT<span class=\"_ _2\"></span>A and <span class=\"_ _0\"></span>ASP<span class=\"_ _2\"></span>AC these p<span class=\"_ _0\"></span>ayment terms are on a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age 30 days after<span class=\"_ _2\"></span> invoicing date<span class=\"_ _2\"></span>, except for<span class=\"_ _0\"></span> Southern Europe <span class=\"_ _0\"></span>where these r<span class=\"_ _0\"></span>ange between 60-90 d<span class=\"_ _0\"></span>ays after<span class=\"_ _0\"></span> inv<span class=\"_ _0\"></span>oicing date<span class=\"_ _0\"></span>.In other div<span class=\"_ _0\"></span>isions of the Group,<span class=\"_ _0\"></span> pay<span class=\"_ _0\"></span>ment terms are set based on business and g<span class=\"_ _0\"></span>eographical r<span class=\"_ _0\"></span>equirements. Dev<span class=\"_ _0\"></span>iations from this policy are rev<span class=\"_ _0\"></span>iewed by the Cr<span class=\"_ _0\"></span>edit Committees and appro<span class=\"_ _0\"></span>ved base<span class=\"_ _0\"></span>d on di\ue614erent criteria.Contra<span class=\"_ _0\"></span>ct assets relate<span class=\"_ _0\"></span>d to multiple-element arran<span class=\"_ _0\"></span>gements within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> business amount to 85 million Euro (2021: 66 million E<span class=\"_ _0\"></span>uro),<span class=\"_ _0\"></span> to 7 million Euro w<span class=\"_ _0\"></span>ithin the Radiology Solutions division (20<span class=\"_ _0\"></span>21: 9 million Euro<span class=\"_ _0\"></span>), and to 3 million Euro w<span class=\"_ _0\"></span>ithin the division of Digital Print &amp; Chemicals (20<span class=\"_ _0\"></span>21: 0 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618ere are limited contract as<span class=\"_ _0\"></span>sets outstanding within the O\ue614set Solutions division per<span class=\"_ _2\"></span> December 31, 20<span class=\"_ _0\"></span>22 and per December<span class=\"_ _2\"></span> 31, 2021.<span class=\"_ _0\"></span> Contract li<span class=\"_ _0\"></span>abilities rela<span class=\"_ _0\"></span>ted to mul<span class=\"ws1\">-</span>tiple-element arran<span class=\"_ _0\"></span>gements within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> business amount to 56 million Euro (20<span class=\"_ _0\"></span>21: 58 million Euro<span class=\"_ _0\"></span>), within Radiology Solutions to 26 million Eur<span class=\"_ _0\"></span>o (2021: 2<span class=\"_ _2\"></span>7 million Euro), w<span class=\"_ _0\"></span>ithin Digital Print &amp; Chemicals to 16 million Eur<span class=\"_ _0\"></span>o (2021: 11 million Euro<span class=\"_ _0\"></span>) and within O\ue614set Solutions to 12 million Eur<span class=\"_ _0\"></span>o (2021: 16 million E<span class=\"_ _0\"></span>uro).8.2 Disaggregation of revenue from contracts with customers\ue618e disaggregation of rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts with customers a<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> and December 31, 20<span class=\"_ _0\"></span>21, as requir<span class=\"_ _0\"></span>ed by IFRS 15 can be presente<span class=\"_ _0\"></span>d as follows:2022MILLION EURORadiology Digital Print  O\ue615set HealthCare ITTOT<span class=\"_ _0\"></span>ALSolutions&amp; ChemicalsSolutionsGeographical regionEurope<span class=\"_ _202\"> </span>\ue619\ue61d<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61e<span class=\"_ _41\"> </span>\ue61d\ue618\ue617<span class=\"_ _12e\"> </span>\ue61a\ue61a\ue617<span class=\"_ _203\"> </span>\ue617\ue61c\ue61aNAFT<span class=\"_ _2\"></span>A<span class=\"_ _204\"> </span>\ue61d\ue61a\ue61b<span class=\"_ _ea\"> </span>\ue618\ue61c<span class=\"_ _12e\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _203\"> </span>\ue61d\ue61f\ue61c<span class=\"_ _203\"> </span>\ue616\ue61f\ue618Latin America<span class=\"_ _205\"> </span><span class=\"ws1\">\ue61d\ue61d<span class=\"_ _ea\"> </span>\ue618\ue616<span class=\"_ _12b\"> </span>\ue61b<span class=\"_ _206\"> </span>\ue618\ue616<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61c</span>Asia/Oceania/Africa<span class=\"_ _207\"> </span>\ue61f\ue61a<span class=\"_ _12e\"> </span>\ue61f\ue61a\ue61d<span class=\"_ _203\"> </span>\ue61d\ue61e\ue617<span class=\"_ _203\"> </span>\ue61f\ue617\ue61d<span class=\"_ _203\"> </span>\ue617\ue61f\ue61eT<span class=\"_ _2\"></span>otal revenue by geographical region  \ue61f\ue61e\ue61e<span class=\"_ _95\"> </span>\ue61e\ue61d\ue61f<span class=\"_ _c3\"> </span>\ue61c\ue61b\ue61f<span class=\"_ _95\"> </span>\ue61b\ue61b\ue61a<span class=\"_ _208\"> </span>\ue619,\ue618\ue617\ue61b(destination perspective)Revenue by natureRevenue from the sale of goods<span class=\"_ _209\"> </span>\ue619\ue618<span class=\"_ _12e\"> </span>\ue61a\ue617\ue616<span class=\"_ _203\"> </span>\ue61a\ue61a\ue61e<span class=\"_ _203\"> </span>\ue619\ue61a\ue61b<span class=\"_ _c2\"> </span>\ue61d,\ue618\ue61e\ue61cRevenue from the sale of services<span class=\"_ _20a\"> </span>\ue61d\ue617\ue61b<span class=\"_ _206\"> </span>\ue61b\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61f<span class=\"_ _ea\"> </span>\ue616\ue61e<span class=\"_ _203\"> </span>\ue61a\ue616\ue61bTiming of recognitionRevenue recognized at a point in time<span class=\"_ _20b\"> </span>\ue619\ue618<span class=\"_ _12e\"> </span>\ue61a\ue617\ue616<span class=\"_ _203\"> </span>\ue61a\ue61a\ue61d<span class=\"_ _203\"> </span>\ue619\ue61a\ue61b<span class=\"_ _c2\"> </span>\ue61d,\ue618\ue61e\ue61bRevenue recognized over time<span class=\"_ _1b7\"> </span>\ue61d\ue617\ue61b<span class=\"_ _206\"> </span>\ue61b\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61f<span class=\"_ _206\"> </span>\ue616\ue61e<span class=\"_ _203\"> </span>\ue61a\ue616\ue61b\ue61f\ue61e\ue61f\ue61dRadiology Digital Print  O\ue615set MILLION EURO<span class=\"_ _14d\"> </span>HealthCare ITTOT<span class=\"_ _0\"></span>ALSolutions&amp; ChemicalsSolutionsGeographical regionEurope<span class=\"_ _202\"> </span>\ue619\ue61e<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61e<span class=\"_ _203\"> </span>\ue61d\ue616\ue618<span class=\"_ _203\"> </span>\ue61a\ue61d\ue61c<span class=\"_ _203\"> </span>\ue617\ue618\ue616NAFT<span class=\"_ _2\"></span>A<span class=\"_ _204\"> </span>\ue61d\ue61d\ue61b<span class=\"_ _206\"> </span>\ue618\ue618<span class=\"_ _ea\"> </span>\ue619\ue61f<span class=\"_ _203\"> </span>\ue61d\ue61e\ue61a<span class=\"_ _203\"> </span>\ue61a\ue618\ue61eLatin America<span class=\"_ _20c\"> </span><span class=\"ws1\">\ue61b<span class=\"_ _206\"> </span>\ue616\ue617<span class=\"_ _12b\"> </span>\ue61c<span class=\"_ _ea\"> </span>\ue616\ue616<span class=\"_ _12e\"> </span>\ue61d\ue61e\ue619</span>Asia/Oceania/Africa<span class=\"_ _207\"> </span>\ue61f\ue61d<span class=\"_ _12e\"> </span>\ue61f\ue616\ue61f<span class=\"_ _203\"> </span>\ue61d\ue61e\ue616<span class=\"_ _203\"> </span>\ue61f\ue61c\ue61a<span class=\"_ _203\"> </span>\ue617\ue618\ue61eT<span class=\"_ _2\"></span>otal revenue by geographical region  \ue61f\ue619\ue61a<span class=\"_ _95\"> </span>\ue61e\ue61d\ue61e<span class=\"_ _c3\"> </span>\ue61c\ue61c\ue616<span class=\"_ _95\"> </span>\ue61b\ue61e\ue618<span class=\"_ _208\"> </span>\ue619,\ue61b\ue61d\ue616(destination perspective)Revenue by natureRevenue from the sale of goods<span class=\"_ _209\"> </span>\ue617\ue61f<span class=\"_ _12e\"> </span>\ue61a\ue619\ue61e<span class=\"_ _203\"> </span>\ue61a\ue61e\ue61d<span class=\"_ _203\"> </span>\ue619\ue61e\ue616<span class=\"_ _c2\"> </span>\ue61d,\ue616\ue61a\ue61cRevenue from the sale of services<span class=\"_ _20a\"> </span>\ue61d\ue618\ue619<span class=\"_ _206\"> </span>\ue61b\ue61a<span class=\"_ _ea\"> </span>\ue61f\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61a<span class=\"_ _203\"> </span>\ue61a\ue61f\ue61fTiming of recognitionRevenue recognized at a point in time<span class=\"_ _20b\"> </span>\ue617\ue61f<span class=\"_ _12e\"> </span>\ue61a\ue619\ue61f<span class=\"_ _203\"> </span>\ue61a\ue61e\ue61f<span class=\"_ _203\"> </span>\ue619\ue61e\ue619<span class=\"_ _c2\"> </span>\ue61d,\ue616\ue616\ue61aRevenue recognized over time<span class=\"_ _1b7\"> </span>\ue61d\ue618\ue619<span class=\"_ _206\"> </span>\ue61b\ue61f<span class=\"_ _ea\"> </span>\ue61f\ue619<span class=\"_ _206\"> </span>\ue616\ue61d<span class=\"_ _203\"> </span>\ue61a\ue61d\ue619T<span class=\"_ _2\"></span>ransaction prices allocate<span class=\"_ _0\"></span>d to unsatis\ue615ed performance obligations ar<span class=\"_ _0\"></span>e not disclosed as the contra<span class=\"_ _0\"></span>cts have in g<span class=\"_ _0\"></span>eneral orig<span class=\"ws1\">-</span>inal expected dur<span class=\"_ _2\"></span>ations of one year or<span class=\"_ _2\"></span> less.8.3 Contract balances\ue618e Group has recogniz<span class=\"_ _0\"></span>ed follow<span class=\"_ _0\"></span>ing revenue-r<span class=\"_ _0\"></span>elated r<span class=\"_ _0\"></span>eceivables,<span class=\"_ _2\"></span> contract assets and contra<span class=\"_ _0\"></span>ct liabilities:MILLION EURO<span class=\"_ _17b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>T<span class=\"_ _2\"></span>rade receivables<span class=\"_ _10b\"> </span>319<span class=\"_ _13c\"> </span>300Contract assets\ue614Assets recognized for costs to ful\ue614ll contracts<span class=\"_ _18b\"> </span>\ue61d\ue617<span class=\"_ _14b\"> </span>\ue61f\ue618Goods/services transferred before payment is due<span class=\"_ _20d\"> </span>\ue617\ue61e<span class=\"_ _14b\"> </span>\ue619\ue61eContract liabilitiesDeferred revenue<span class=\"_ _20e\"> </span>\ue61c\ue616<span class=\"_ _14b\"> </span>\ue61c\ue61dAdvance payments received from customers<span class=\"_ _1b2\"> </span>\ue61d\ue61b<span class=\"_ _14b\"> </span>\ue61d\ue61cExpected volume discounts - rebates<span class=\"_ _15b\"> </span>\ue61b<span class=\"_ _14b\"> </span>\ue61d\ue61dAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, contr<span class=\"_ _0\"></span>act assets amounted to 94 million E<span class=\"_ _0\"></span>uro (2021 : 7<span class=\"_ _0\"></span>6 million Euro<span class=\"_ _0\"></span>). Contr<span class=\"_ _0\"></span>act assets primarily r<span class=\"_ _0\"></span>elate to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s rights to consideration f<span class=\"_ _0\"></span>or w<span class=\"_ _0\"></span>ork performed tha<span class=\"_ _0\"></span>t is not yet billed.<span class=\"_ _0\"></span> Contra<span class=\"_ _0\"></span>ct assets are tr<span class=\"_ _0\"></span>ansferred to receiv<span class=\"_ _2\"></span>ables when the right to pa<span class=\"_ _0\"></span>yment becomes unconditional. <span class=\"_ _0\"></span>Assets recognize<span class=\"_ _0\"></span>d for costs to f<span class=\"_ _0\"></span>ul\ue615ll contracts comprise all costs th<span class=\"_ _0\"></span>at are directly re<span class=\"_ _0\"></span>lated to a contr<span class=\"_ _0\"></span>act such as direct la<span class=\"_ _0\"></span>bor<span class=\"_ _2\"></span>, direct materials (WIP b<span class=\"_ _0\"></span>alances) and costs that ar<span class=\"_ _0\"></span>e explicitly charg<span class=\"_ _0\"></span>eable to a customer under<span class=\"_ _2\"></span> a contract. <span class=\"_ _2\"></span>\ue618e Group does not capitalize costs to obtain a contra<span class=\"_ _0\"></span>ct because the amortization period of this asset is less than one y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, contr<span class=\"_ _0\"></span>act liabilities amounted to 1<span class=\"_ _0\"></span>09 million Euro (20<span class=\"_ _0\"></span>21 : 112 million Euro<span class=\"_ _0\"></span>) and comprise \u2018Deferr<span class=\"_ _0\"></span>ed reve<span class=\"ls1 ws1\">-</span>nue and adv<span class=\"_ _0\"></span>ance payments r<span class=\"_ _0\"></span>eceived from cus<span class=\"_ _0\"></span>tomers\u2019<span class=\"_ _0\"></span> and accruals for<span class=\"_ _2\"></span> bonuses and rebates to goods and service purch<span class=\"_ _0\"></span>ased by customers during 20<span class=\"_ _0\"></span>22.Deferred r<span class=\"_ _0\"></span>evenue comprises amounts inv<span class=\"_ _0\"></span>oiced in accord<span class=\"_ _0\"></span>ance with contr<span class=\"_ _0\"></span>actually agreed terms but une<span class=\"_ _2\"></span>arned, where<span class=\"_ _0\"></span>as advance payments r<span class=\"_ _0\"></span>e\ue617ect the amounts paid by<span class=\"_ _0\"></span> customers who hav<span class=\"_ _0\"></span>e not yet r<span class=\"_ _0\"></span>eceived an in<span class=\"_ _0\"></span>voice and to whom the Comp<span class=\"_ _0\"></span>any still h<span class=\"_ _0\"></span>as to ful\ue615ll its commitment, i.<span class=\"_ _2\"></span>e. deliv<span class=\"_ _0\"></span>ery of goods and/<span class=\"_ _2\"></span>or services.<span class=\"_ _0\"></span> Deferred rev<span class=\"_ _0\"></span>enue primarily results fr<span class=\"_ _0\"></span>om milestone billing in arrang<span class=\"_ _0\"></span>ements combining multiple deliver<span class=\"_ _2\"></span>ables such as softwar<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> hardw<span class=\"_ _2\"></span>are,<span class=\"_ _0\"></span> services, (multiple-element arr<span class=\"_ _0\"></span>angements<span class=\"_ _0\"></span>) and from the adv<span class=\"_ _2\"></span>ance billing of ser<span class=\"_ _22\"></span>vice and maintenance contr<span class=\"_ _0\"></span>acts.8.4 Evolution of contract balances\ue618e followin<span class=\"_ _0\"></span>g table shows how<span class=\"_ _0\"></span> much of the revenue recogniz<span class=\"_ _0\"></span>ed in the current period re<span class=\"_ _0\"></span>lates to the carry forwar<span class=\"_ _0\"></span>d of con<span class=\"ws1\">-</span>tract b<span class=\"_ _0\"></span>alances and how much r<span class=\"_ _0\"></span>elates to performance oblig<span class=\"_ _0\"></span>ations that wer<span class=\"_ _0\"></span>e satis\ue615ed in a prior<span class=\"_ _0\"></span> period:MILLION EURO\ue610<span class=\"_ _1eb\"> </span>Contract assets<span class=\"_ _9d\"> </span>C<span class=\"_ _2\"></span>ontract liabilitiesOpening balance of contract balances<span class=\"_ _20f\"> </span>76<span class=\"_ _13c\"> </span>112Revenue recognized that was included in the contract liability  -(\ue61d\ue61d\ue61f)at the beginning of the periodRevenue recognized from performance obligations satis\ue614ed  -<span class=\"_ _131\"> </span>-in previous periodsAdvance billings to customers during the year\ue610-\ue61d\ue61a\ue618Advance payments received from customers during the year-\ue61f\ue619Revenue recognized during the period<span class=\"_ _210\"> </span>-<span class=\"_ _12b\"> </span>(\ue617\ue61e)Contract assets recognized during the period<span class=\"_ _200\"> </span>\ue61d\ue619\ue618-T<span class=\"_ _2\"></span>ransfer from contract assets to receivables<span class=\"_ _142\"> </span>(\ue61d\ue61d\ue61f)-Impairment of contract assets<span class=\"_ _16\"> </span>--Contract assets (work in progress) released in C<span class=\"_ _2\"></span>ogs during the period<span class=\"_ _211\"> </span>(\ue616\ue61b)<span class=\"_ _136\"> </span>-Change in volume discounts/rebates<span class=\"_ _1a0\"> </span>-<span class=\"_ _13f\"> </span>\ue61fAcquisitions and disposals of business<span class=\"_ _164\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616Exchange di\ue615erences<span class=\"_ _130\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue61dClosing balance of contract balances<span class=\"_ _e2\"> </span>94<span class=\"_ _13c\"> </span>109\ue683.<span class=\"_ _0\"></span> OTHER OPERA<span class=\"_ _2\"></span>TING INCOME<span class=\"_ _0\"></span> AND EXPENSES9.<span class=\"_ _2\"></span>1 Other op<span class=\"_ _22\"></span>erating incomeMILLION EURO<span class=\"_ _5b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _156\"> </span><span class=\"ffc\">2022</span>Exchange gains and changes in fair value of derivatives<span class=\"_ _1b4\"> </span>\ue617<span class=\"_ _212\"> </span>\ue618Finance lease income<span class=\"_ _6a\"> </span>\ue617<span class=\"_ _212\"> </span>\ue619Gains on the sale of property<span class=\"_ _2\"></span>, plant &amp; equipment<span class=\"_ _213\"> </span>\ue61c<span class=\"_ _212\"> </span>\ue61dIncome from reversal of unutilized provisions<span class=\"_ _214\"> </span>\ue61d<span class=\"_ _212\"> </span>\ue616Past service credits related to pension plans in F<span class=\"_ _2\"></span>rance<span class=\"_ _16c\"> </span>\ue61d<span class=\"_ _e0\"> </span>-Gains on freeze and settlement of de\ue614ned bene\ue614t plan in Sweden<span class=\"_ _215\"> </span>\ue618<span class=\"_ _e0\"> </span>-Other income<span class=\"_ _70\"> </span>\ue61d\ue616<span class=\"_ _b2\"> </span>\ue61d\ue61eTOT<span class=\"_ _0\"></span>AL\ue614<span class=\"_ _216\"> </span><span class=\"ls1 ws1\">41<span class=\"_ _b2\"> </span>27</span>Finance lease income mainly<span class=\"_ _0\"></span> comprises interest income<span class=\"_ _0\"></span>.For<span class=\"_ _2\"></span> 2021, gains on the sale of propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment re<span class=\"_ _0\"></span>late for<span class=\"_ _0\"></span> 7 million Euro to the sale of our<span class=\"_ _0\"></span> former pr<span class=\"_ _0\"></span>oduction site in Leeds (UK), prev<span class=\"_ _0\"></span>iously classi\ue615ed as held-f<span class=\"_ _0\"></span>or-sale (<span class=\"_ _0\"></span>see Note 35).  In 2022,<span class=\"_ _2\"></span> 3 million Euro income from reversal of r<span class=\"_ _0\"></span>estructuring pro<span class=\"_ _0\"></span>visions has been recogniz<span class=\"_ _0\"></span>ed due to an update of the pro<span class=\"ws1\">-</span>vision for<span class=\"_ _0\"></span> the reorganization of the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s IT-department and the p<span class=\"_ _0\"></span>artnership with <span class=\"_ _0\"></span>Atos.\ue618e past service cre<span class=\"_ _0\"></span>dits shown in 20<span class=\"_ _0\"></span>21 are the result of r<span class=\"_ _0\"></span>estructuring ex<span class=\"_ _0\"></span>ercises in France durin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. In Sweden,<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y has transf<span class=\"_ _0\"></span>erred out its pension liabilities in the course of Q1 20<span class=\"_ _2\"></span>21 to an insurance company<span class=\"_ _0\"></span> result<span class=\"ws1\">-</span>ing in a one-time cash-out of 16 million Euro and a one-time g<span class=\"_ _0\"></span>ain of 5 million Euro<span class=\"_ _0\"></span>.9.2 Other operating expensesMILLION EURO<span class=\"_ _17b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _c6\"> </span><span class=\"ffc\">2022</span>Restructuring expenses<span class=\"_ _175\"> </span>\ue61f\ue61e<span class=\"_ _12c\"> </span>\ue61a\ue618Impairment losses on goodwill<span class=\"_ _78\"> </span>-<span class=\"_ _217\"> </span>\ue619\ue61eImpairment losses on intangible assets<span class=\"_ _164\"> </span>-<span class=\"_ _131\"> </span>\ue61aImpairment losses on PP&amp;E<span class=\"_ _1a\"> </span>-<span class=\"_ _217\"> </span>\ue61f\ue617Impairment losses on right-of-use assets<span class=\"_ _218\"> </span>\ue61d<span class=\"_ _217\"> </span>\ue61d\ue618Exchange losses and changes in fair value of derivatives<span class=\"_ _1b3\"> </span>\ue61d\ue61e<span class=\"_ _f8\"> </span>\ue61d\ue61aPast service cost 'Jubilee' plan Belgium<span class=\"_ _20f\"> </span>\ue61f<span class=\"_ _212\"> </span>-Housing expenses related to empty space\ue610<span class=\"_ _18d\"> </span>\ue61a<span class=\"_ _131\"> </span>\ue616Other expenses<span class=\"_ _219\"> </span>\ue61d\ue61d<span class=\"_ _217\"> </span>\ue61d\ue617TOT<span class=\"_ _0\"></span>AL<span class=\"_ _21a\"> </span><span class=\"ls1 ws1\">47<span class=\"_ _1a2\"> </span>182</span>As a result of the impairment test on g<span class=\"_ _0\"></span>oodwill attributable to the cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit Radiology Solutions, an impairment loss amounting to 73 million Eur<span class=\"_ _0\"></span>o has been recogniz<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e full carrying amount of goodwill (70 million Eur<span class=\"_ _0\"></span>o) and intan<span class=\"ws1\">-</span>gible assets (3 million Euro) has been imp<span class=\"_ _0\"></span>aired. Mor<span class=\"_ _0\"></span>e information on the ma<span class=\"_ _0\"></span>jor assumptions use<span class=\"_ _0\"></span>d for this imp<span class=\"_ _0\"></span>airment test is prov<span class=\"_ _0\"></span>ided in Note 2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.For<span class=\"_ _2\"></span> the cash-generating unit O\ue614set Solutions,<span class=\"_ _0\"></span> property<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment and right-of-use assets that could be attribut<span class=\"ws1\">-</span>ed to the entities that are de<span class=\"_ _0\"></span>dicated to the O\ue614set Solutions activity<span class=\"_ _0\"></span> and are therefor<span class=\"_ _0\"></span>e subject to the planned disposal,<span class=\"_ _0\"></span> have been fully impair<span class=\"_ _0\"></span>ed. A<span class=\"_ _0\"></span> resulting los<span class=\"_ _0\"></span>s on impairment amounting to 41 million Eur<span class=\"_ _0\"></span>o has been recognized,<span class=\"_ _2\"></span> 26 million Euro re<span class=\"ws1\">-</span>lated to propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment and 15 million E<span class=\"_ _0\"></span>uro to right-of-use assets.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e expected sale of the O\ue614set Solutions business has been the indication for<span class=\"_ _2\"></span> impairment as the expected consideration r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>ble is much lower<span class=\"_ _0\"></span> than the carrying amount of the net assets attributable to the disposal group<span class=\"_ _2\"></span>, even after imp<span class=\"_ _0\"></span>airment of all non-current assets in scope of IAS36. Mor<span class=\"_ _0\"></span>e information on the impairment of assets a<span class=\"_ _0\"></span>ttributable to O\ue614set Solutions and how it \ue615ts in the total e<span class=\"_ _0\"></span>xpected loss of the sale transaction is describe<span class=\"_ _0\"></span>d under section 4 <span class=\"_ _0\"></span>\u2018Use of estimates and judgments<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> 2021, the impairment los<span class=\"_ _0\"></span>s on right-of-use assets amounting to 1 million Eur<span class=\"_ _0\"></span>o related to the termin<span class=\"_ _0\"></span>ation of a rental contract on a f<span class=\"_ _0\"></span>ormer production site in the US<span class=\"_ _0\"></span>.In 2022,<span class=\"_ _2\"></span> restructuring plans hav<span class=\"_ _0\"></span>e resulted in an expense of 35 million E<span class=\"_ _0\"></span>uro.<span class=\"_ _2\"></span> \ue618is amount partly r<span class=\"_ _0\"></span>esulted from the v<span class=\"_ _2\"></span>ar<span class=\"ws1\">-</span>ious transform<span class=\"_ _0\"></span>ation actions mainly w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s internal \ue615nancial services impacting a number<span class=\"_ _2\"></span> of posi<span class=\"ws1\">-</span>tions, mainly in E<span class=\"_ _0\"></span>urope (5 million Euro<span class=\"_ _0\"></span>). Mor<span class=\"_ _0\"></span>eover<span class=\"_ _2\"></span>, sever<span class=\"_ _2\"></span>al activities felt the we<span class=\"_ _0\"></span>akening economic en<span class=\"_ _0\"></span>vironment,<span class=\"_ _0\"></span> mainly in Europe and China.<span class=\"_ _2\"></span> On top of<span class=\"_ _22\"></span> the transform<span class=\"_ _0\"></span>ation actions regar<span class=\"_ _0\"></span>ding the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s IT<span class=\"_ _0\"></span> and \ue615nancial services, the economic situation thus requir<span class=\"_ _0\"></span>ed further me<span class=\"_ _2\"></span>asures for the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s activities in Ra<span class=\"_ _0\"></span>diology Solutions and Digital Print &amp; Chemicals to adapt the cost structur<span class=\"_ _0\"></span>e of the Group.<span class=\"_ _2\"></span> In Germany<span class=\"_ _2\"></span>, the production and assembly<span class=\"_ _0\"></span> of some equipment and equipment parts for C<span class=\"_ _0\"></span>omputed Radiograph<span class=\"_ _2\"></span>y has been stopped in 2022.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> Direct Radiograph<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, some actions w<span class=\"_ _0\"></span>ere taken to simplify the op<span class=\"ws1\">-</span>eration<span class=\"_ _0\"></span>al business model. <span class=\"_ _2\"></span>\ue618e aggregate amount of restructuring e<span class=\"_ _0\"></span>xpenses recognized in 2<span class=\"_ _0\"></span>022 w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the measures taken for<span class=\"_ _2\"></span> Radiology amounted to 12 million Euro.<span class=\"_ _0\"></span> Measur<span class=\"_ _0\"></span>es taken w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the Digital Print &amp; Chemicals business have r<span class=\"_ _0\"></span>esulted in a restr<span class=\"_ _0\"></span>ucturing expense of 2 million Eur<span class=\"_ _0\"></span>o.Other r<span class=\"_ _0\"></span>estructuring expenses r<span class=\"_ _0\"></span>ecognized in the course of 20<span class=\"_ _0\"></span>22 relate<span class=\"_ _0\"></span>d to individual e\ue616ciency<span class=\"_ _0\"></span>/<span class=\"_ _2\"></span>savings initiatives (5 million Euro<span class=\"_ _0\"></span>) and a voluntary lea<span class=\"_ _0\"></span>ve plan in Belgium for<span class=\"_ _2\"></span> people aged above 60 w<span class=\"_ _0\"></span>ith a minimum seniority of 15 y<span class=\"_ _0\"></span>ears: accor<span class=\"_ _0\"></span>ding to this plan, emplo<span class=\"_ _0\"></span>yees could enter durin<span class=\"_ _0\"></span>g a \ue615x period starting in 20<span class=\"_ _0\"></span>23 into a time credit for<span class=\"_ _2\"></span> 50%, are ex<span class=\"_ _0\"></span>empted from daily performance for<span class=\"_ _0\"></span> the part of their <span class=\"_ _0\"></span>working time that they<span class=\"_ _0\"></span> still work f<span class=\"_ _0\"></span>or the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>, until their<span class=\"_ _2\"></span> legal retirement or e<span class=\"_ _2\"></span>arly retirement (<span class=\"_ _0\"></span>the impact at y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-end 2022 is es<span class=\"_ _0\"></span>timated at 5 million Eur<span class=\"_ _0\"></span>o).In 2021,<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y has recogniz<span class=\"_ _0\"></span>ed 20 million Euro r<span class=\"_ _0\"></span>estructuring expenses,<span class=\"_ _2\"></span> mainly comprising transformation cos<span class=\"_ _0\"></span>ts for the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s IT services link<span class=\"_ _0\"></span>ed to a decre<span class=\"_ _0\"></span>ase of a number of IT<span class=\"_ _2\"></span>-functions within the Group and a collabor<span class=\"_ _2\"></span>ation with an external partner<span class=\"_ _2\"></span> Atos, a glob<span class=\"_ _0\"></span>al leader<span class=\"_ _0\"></span> in digital transform<span class=\"_ _0\"></span>ation (14 million Euro<span class=\"_ _0\"></span>). Addition<span class=\"_ _0\"></span>ally some restructuring cos<span class=\"_ _0\"></span>ts have been r<span class=\"_ _0\"></span>ecognized for<span class=\"_ _2\"></span> the closure of some entities: Ipagsa, a printing plate s<span class=\"_ _0\"></span>upplier oper<span class=\"_ _0\"></span>ating in the low<span class=\"_ _0\"></span> cost business (4 million Euro<span class=\"_ _0\"></span>), the closed production sites in Leeds and P<span class=\"_ _2\"></span>ont-\u00e0-Marcq (3 million Euro),<span class=\"_ _0\"></span> o\ue614set by a positive imp<span class=\"_ _0\"></span>act of 10 million Euro due to the r<span class=\"_ _0\"></span>eassessment of the reor<span class=\"_ _0\"></span>ganization costs for<span class=\"_ _0\"></span> the factories in P<span class=\"_ _2\"></span>eisenberg and Peiting (Germ<span class=\"_ _0\"></span>any).<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e remainder<span class=\"_ _0\"></span> of the restructuring e<span class=\"_ _0\"></span>xpenses relate<span class=\"_ _0\"></span>d to costs for lon<span class=\"_ _0\"></span>g-term termination bene\ue615ts resulting fr<span class=\"_ _0\"></span>om new collective labor<span class=\"_ _0\"></span> agreements (2 million Euro<span class=\"_ _0\"></span>).\u2018Jubilee\u2019<span class=\"_ _0\"></span> bene\ue615ts in Belgium relate to tr<span class=\"_ _2\"></span>avel vouchers gr<span class=\"_ _2\"></span>anted on 25-, 35-,<span class=\"_ _0\"></span> and 40-year<span class=\"_ _2\"></span> ser<span class=\"_ _22\"></span>vice anniversaries.<span class=\"_ _0\"></span> As per<span class=\"_ _0\"></span> December 31, 20<span class=\"_ _0\"></span>21, they ha<span class=\"_ _0\"></span>ve been v<span class=\"_ _2\"></span>alued for the \ue615rst time<span class=\"_ _0\"></span>, r<span class=\"_ _0\"></span>esulting in the recognition of a past service cos<span class=\"_ _0\"></span>t amounting to 2 million Euro<span class=\"_ _2\"></span>.\ue67f\ue61c.<span class=\"_ _0\"></span> NET FINANCE COSTSMILLION EURO<span class=\"_ _16f\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Interest income\ue610\ue610\ue610\ue610 on bank deposits<span class=\"_ _15a\"> </span>\ue61f<span class=\"_ _13f\"> </span>\ue616TOT<span class=\"_ _2\"></span>AL INTEREST INCOME<span class=\"_ _21b\"> </span>2<span class=\"_ _b4\"> </span>4Interest expense on \ue614nancial liabilities measured at amortized cost\ue610\ue610\ue610\ue610 on bank loans<span class=\"_ _69\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)\ue610\ue610\ue610\ue610 on debentures<span class=\"_ _fe\"> </span>-<span class=\"_ _136\"> </span>-TOT<span class=\"_ _2\"></span>AL INTEREST EXPENSE<span class=\"_ _10a\"> </span>(3)<span class=\"_ _1a6\"> </span>(4)Other \ue615nance incomeExchange gains on non-operating activities net of changes in fair value of derivative \ue614nancial instruments not part \ue619<span class=\"_ _b4\"> </span>\ue618of a hedging relationshipOther<span class=\"_ _21c\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL OTHER FINANCE INCOME<span class=\"_ _1cd\"> </span>10<span class=\"_ _b4\"> </span>6Other \ue615nance expenseNet periodic pension cost treated as other \ue614nance income (expense) and interest portion on other interest- (\ue619)<span class=\"_ _d4\"> </span>(\ue61b) (\ue61d)bearing provisionsExchange losses on non-operating activities net of change in fair value of derivative \ue614nancial instruments not part (\ue61d)<span class=\"_ _d4\"> </span>(\ue61f)of a hedging relationshipInterest expense on derivatives not part of a hedging relationship\ue610<span class=\"_ _1dd\"> </span>(\ue61d)<span class=\"_ _14e\"> </span>(\ue616)Interest expense on cash \ue613ow hedges<span class=\"_ _75\"> </span>-<span class=\"_ _136\"> </span>-Interest expense on other receivables<span class=\"_ _75\"> </span>-<span class=\"_ _14e\"> </span>(\ue61d)Interest expense for leases<span class=\"_ _121\"> </span>(\ue61f)<span class=\"_ _14e\"> </span>(\ue61f)Impairment loss on marketable securities<span class=\"_ _169\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Unwinding of discount on provisions<span class=\"_ _103\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Exchange di\ue615erences on disposal of foreign operations reclassi\ue614ed to pro\ue614t or loss<span class=\"_ _21d\"> </span>-<span class=\"_ _d4\"> </span>(\ue61a)Other<span class=\"_ _e\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)TOT<span class=\"_ _2\"></span>AL OTHER FINANCE EXPENSE<span class=\"_ _21e\"> </span>(16)<span class=\"_ _156\"> </span>(26) (2) (2)(19)NET FINANCE COSTS<span class=\"_ _144\"> </span>(8)(1) <span class=\"_ _0\"></span>\ue618e interest portion of other inter<span class=\"_ _0\"></span>est-bearing pro<span class=\"_ _0\"></span>visions primarily comprises the allocation of interest on pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _0\"></span> pre-retirement.<span class=\"_ _0\"></span>\ue69d(2) \ue618e abo<span class=\"_ _0\"></span>ve \ue615nance income and \ue615nance costs include the follo<span class=\"_ _0\"></span>wing interest income and e<span class=\"_ _0\"></span>xpense in respect of assets (liabilities) not at f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue through pro\ue615t or loss.\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest income on \ue614nancial assets<span class=\"_ _21f\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest expense on \ue614nancial liabilities\ue610<span class=\"_ _220\"> </span>(\ue618)<span class=\"_ _d4\"> </span>(\ue617)\ue67f\ue67f.<span class=\"_ _0\"></span> INFORMA<span class=\"_ _2\"></span>TION ON <span class=\"_ _0\"></span>THE NA<span class=\"_ _2\"></span>TURE OF EXPENSES\ue618e followin<span class=\"_ _0\"></span>g table gives an ov<span class=\"_ _0\"></span>erview of the major<span class=\"_ _0\"></span> expenses/income (incl. subject to r<span class=\"_ _0\"></span>estructuring) of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operat<span class=\"ws1\">-</span>ing result clas<span class=\"_ _0\"></span>si\ue615ed by natur<span class=\"_ _0\"></span>e:MILLION EURO<span class=\"_ _1ac\"> </span>Note<span class=\"_ _bc\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Revenue<span class=\"_ _221\"> </span>1,760<span class=\"_ _39\"> </span>1,857Cost of raw materials, goods purchased for resale and production related costs (\ue619\ue61a\ue61b)<span class=\"_ _39\"> </span>(\ue619\ue617\ue619)(including changes in inventories)Cost of services and other goods<span class=\"_ _1b5\"> </span>(\ue61a\ue616\ue61e)<span class=\"_ _39\"> </span>(\ue616\ue61d\ue61a)Personnel expenses<span class=\"_ _1e8\"> </span>(\ue618\ue61b\ue61a)<span class=\"_ _39\"> </span>(\ue617\ue61d\ue616)Amortization and depreciation<span class=\"_ _222\"> </span>\ue61f\ue619/\ue61f\ue61c/\ue61f\ue61b<span class=\"_ _163\"> </span>(\ue617\ue61f)<span class=\"_ _18c\"> </span>(\ue617\ue61a)Impairment losses on goodwill, intangible assets, PP&amp;E and right-of-use assets<span class=\"_ _98\"> </span>\ue61b.\ue61f<span class=\"_ _136\"> </span>(\ue61d)<span class=\"_ _39\"> </span>(\ue61d\ue61d\ue616)Write-downs/write-o\ue615s on in<span class=\"_ _0\"></span>ventories\ue610<span class=\"_ _152\"> </span>\ue61a\ue61f<span class=\"_ _b2\"> </span>(\ue61d\ue61d)<span class=\"_ _18c\"> </span>(\ue61d\ue61f)Impairment losses on receivables<span class=\"_ _223\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _195\"> </span>(\ue61f)<span class=\"_ _d4\"> </span>(\ue61d)Changes in provisions excl. restructuring<span class=\"_ _64\"> </span>-<span class=\"_ _b4\"> </span>\ue61dRestructuring expenses<span class=\"_ _224\"> </span>\ue617/\ue619/\ue61b<span class=\"_ _1a2\"> </span>(\ue61f\ue61e)<span class=\"_ _18c\"> </span>(\ue61a\ue61f)Other tax expenses<span class=\"_ _6a\"> </span>(\ue61d\ue61a)<span class=\"_ _18c\"> </span>(\ue61d\ue61d)Other expenses<span class=\"_ _225\"> </span>(\ue61f\ue61a)<span class=\"_ _12b\"> </span>(\ue61f\ue617)R&amp;D tax credits<span class=\"_ _1fd\"> </span>\ue618<span class=\"_ _b4\"> </span>\ue619Interest income from leasing activities<span class=\"_ _112\"> </span>\ue616<span class=\"_ _13f\"> </span>\ue616Capitalized expenses (projects, assets under construction)<span class=\"_ _226\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue616Gain on the sale of intangible assets and PP&amp;E<span class=\"_ _18b\"> </span>\ue61c<span class=\"_ _13f\"> </span>\ue61dOther income<span class=\"_ _12f\"> </span>\ue61a\ue61a<span class=\"_ _14b\"> </span>\ue61f\ue61eOperating result<span class=\"_ _227\"> </span>9<span class=\"_ _163\"> </span>(160)Cost of ra<span class=\"_ _0\"></span>w materials,<span class=\"_ _0\"></span> goods purch<span class=\"_ _0\"></span>ased for r<span class=\"_ _0\"></span>esale and production rel<span class=\"_ _0\"></span>ated costs cov<span class=\"_ _0\"></span>er all costs incurr<span class=\"_ _0\"></span>ed to purchase r<span class=\"_ _2\"></span>aw ma-terials, g<span class=\"_ _0\"></span>oods purchased for<span class=\"_ _2\"></span> resale, sp<span class=\"_ _0\"></span>are parts,<span class=\"_ _0\"></span> changes in in<span class=\"_ _0\"></span>ventory and all costs that h<span class=\"_ _0\"></span>ave a cle<span class=\"_ _0\"></span>ar link<span class=\"_ _0\"></span> to production such as costs for<span class=\"_ _0\"></span> recutting and refurbishin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> to the extent re\ue617ected in the cost of sales as comprised in pr<span class=\"_ _0\"></span>o\ue615t or loss f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.Cost of services and other g<span class=\"_ _0\"></span>oods mainly cov<span class=\"_ _0\"></span>er: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the external pre<span class=\"_ _0\"></span>liminary work for<span class=\"_ _2\"></span> the processing or manuf<span class=\"_ _0\"></span>acturing of products and projects on be<span class=\"_ _0\"></span>half of the Company<span class=\"_ _0\"></span>;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">transport,<span class=\"_ _0\"></span> freight,<span class=\"_ _0\"></span> duties, stor<span class=\"_ _0\"></span>age and handling e<span class=\"_ _0\"></span>xpenses;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">utilities and energy expenses;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tra<span class=\"_ _0\"></span>vel and entertainment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">expenses from le<span class=\"_ _0\"></span>asing activities.</span></span>\ue618e increase of these costs <span class=\"_ _0\"></span>was driv<span class=\"_ _0\"></span>en by glob<span class=\"_ _0\"></span>al in\ue617ation on energy<span class=\"_ _2\"></span>, r<span class=\"_ _0\"></span>aw materi<span class=\"_ _0\"></span>al, logistics and salary costs.P<span class=\"_ _0\"></span>ersonnel expenses in 20<span class=\"_ _0\"></span>22 amounted to 614 million Eur<span class=\"_ _0\"></span>o compared to 5<span class=\"_ _0\"></span>93 million Eur<span class=\"_ _0\"></span>o in 2021 (<span class=\"_ _0\"></span>see also Note 13).\ue618e increase in personne<span class=\"_ _0\"></span>l expenses w<span class=\"_ _0\"></span>as also in\ue617ation driven and imp<span class=\"_ _0\"></span>acted by the acquisition of Inca Digital Printers.P<span class=\"_ _0\"></span>ersonnel expense comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">payr<span class=\"_ _0\"></span>oll relate<span class=\"_ _0\"></span>d expenses: w<span class=\"_ _0\"></span>ages and salaries and social securit<span class=\"_ _0\"></span>y contributions;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">expenses for<span class=\"_ _0\"></span> retirement bene\ue615ts;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">accrued expenses f<span class=\"_ _0\"></span>or personnel e<span class=\"_ _0\"></span>xpenses (such as annual v<span class=\"_ _2\"></span>acation and annual vari<span class=\"_ _0\"></span>able pay<span class=\"_ _0\"></span>ments);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws65\">other personnel e<span class=\"_ _0\"></span>xpenses (such as tempor<span class=\"_ _0\"></span>ary sta\ue614,<span class=\"_ _0\"></span> trainin<span class=\"_ _0\"></span>g, r<span class=\"_ _0\"></span>ecruitment and outplacement<span class=\"_ _0\"></span>). P<span class=\"_ _2\"></span>ersonnel related restr<span class=\"_ _0\"></span>uc<span class=\"ws1\">-</span></span></span>turing expenses are r<span class=\"_ _0\"></span>eported as restructurin<span class=\"_ _0\"></span>g expenses.\ue618e aver<span class=\"_ _2\"></span>age number of employees in full-time equiv<span class=\"_ _2\"></span>alent heads for 2<span class=\"_ _0\"></span>022 amounted to 6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>721 (20<span class=\"_ _0\"></span>21: 7<span class=\"_ _0\"></span>,126). Cl<span class=\"_ _0\"></span>assi\ue615ed per corporate f<span class=\"_ _0\"></span>unction, this av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e comprising permanent and temporary contr<span class=\"_ _2\"></span>acts can be presented as follows:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Manufacturing/Engineering\ue61f,\ue61f\ue617\ue61d<span class=\"_ _39\"> </span>\ue61f,\ue61d\ue61b\ue617Research and development\ue61c\ue616\ue616<span class=\"_ _13c\"> </span>\ue61c\ue61f\ue61fSales and Marketing/Service\ue61f,\ue617\ue61d\ue616<span class=\"_ _39\"> </span>\ue61f,\ue618\ue61f\ue619Administration\ue61d,\ue616\ue61e\ue61c<span class=\"_ _39\"> </span>\ue61d,\ue61d\ue619\ue617TOT<span class=\"_ _0\"></span>AL7,126<span class=\"_ _39\"> </span>6,721\ue67f\ue61d.<span class=\"_ _0\"></span> EARNINGS PER SHARE12.<span class=\"_ _2\"></span>1 Basic earnings p<span class=\"_ _22\"></span>er share / diluted earnings per share\ue618e calculation of earnings per<span class=\"_ _2\"></span> share at December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> was based on the pr<span class=\"_ _0\"></span>o\ue615t attributable to owners of the Com<span class=\"ls1 ws1\">-</span>pany<span class=\"_ _0\"></span> of minus 221 million Euro (20<span class=\"_ _0\"></span>21: minus 17 million E<span class=\"_ _0\"></span>uro) and a w<span class=\"_ _0\"></span>eighted av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e number of ordin<span class=\"_ _0\"></span>ary shares out<span class=\"ls1 ws1\">-</span>standing during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> ended December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, of 156<span class=\"_ _0\"></span>,236,31<span class=\"_ _0\"></span>9 (2021: 165,<span class=\"_ _0\"></span>003,57<span class=\"_ _0\"></span>0).Number of shares issued\ue610<span class=\"_ _1b1\"> </span>\ue61d\ue618\ue616,\ue61c\ue61f\ue61e,\ue618\ue61f\ue61cOwn shares (see Note \ue61a\ue619.\ue61f)<span class=\"_ _1d0\"> </span>-Number of outstanding ordinary shares at December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61f (see Note \ue61a\ue619.\ue61d)<span class=\"_ _1b9\"> </span>\ue61d\ue618\ue616,\ue61c\ue61f\ue61e,\ue618\ue61f\ue61cE\ue615ect of options exercised during \ue61f\ue61e\ue61f\ue61f<span class=\"_ _112\"> </span>-E\ue615ect of stock options on issue<span class=\"_ _228\"> </span>-W<span class=\"_ _0\"></span>eighted average number of ordinary shares at December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61f<span class=\"_ _154\"> </span>\ue61d\ue618\ue617,\ue61f\ue61a\ue617,\ue61a\ue61d\ue61bEuro<span class=\"_ _229\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Basic earnings per share / Diluted earnings per share<span class=\"_ _15d\"> </span>(\ue61e.\ue61d\ue61d)<span class=\"_ _ca\"> </span>(\ue61d.\ue616\ue61d)\ue618e aver<span class=\"_ _2\"></span>age fair v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> one ordinary shar<span class=\"_ _0\"></span>e during 202<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>as 3.44 Euro per<span class=\"_ _0\"></span> share<span class=\"_ _2\"></span>.EMPLO<span class=\"_ _0\"></span>YEE BENEFITSEmployee bene\ue61ft liabilitiesMILLION EURO<span class=\"_ _22a\"> </span>December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _22b\"> </span><span class=\"ffc\">December 31, 2022</span>Liabilities for post-employment bene\ue614ts<span class=\"_ _1d2\"> </span>\ue619\ue61f\ue61c<span class=\"_ _bc\"> </span>\ue618\ue61a\ue61dLong-term termination bene\ue614ts<span class=\"_ _78\"> </span>\ue61c<span class=\"_ _b4\"> </span>\ue618Liabilities for post-employment and long-term bene\ue615t plans<span class=\"_ _22c\"> </span>735<span class=\"_ _13c\"> </span>536Other non-current employee bene\ue615ts<span class=\"_ _196\"> </span>11<span class=\"_ _b4\"> </span>9Non-current employee bene\ue614t liabilities<span class=\"_ _1b6\"> </span>\ue619\ue616\ue619<span class=\"_ _bc\"> </span>\ue618\ue616\ue618Current employee bene\ue614t liabilities<span class=\"_ _1c7\"> </span>\ue61b\ue61b<span class=\"_ _14b\"> </span>\ue61b\ue618T<span class=\"_ _2\"></span>otal employee bene\ue615t liabilities<span class=\"_ _22d\"> </span>846<span class=\"_ _13c\"> </span>640Employee bene\ue61ft expensesMILLION EURO<span class=\"_ _22e\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Payroll related expenses<span class=\"_ _1f0\"> </span>\ue616\ue617\ue61a<span class=\"_ _13c\"> </span>\ue616\ue619\ue61cExpenses for retirement bene\ue614ts included in EBIT<span class=\"_ _13d\"> </span>\ue61a\ue617<span class=\"_ _14b\"> </span>\ue616\ue616Accrued expenses for personnel expenses<span class=\"_ _22f\"> </span>\ue619\ue618<span class=\"_ _14b\"> </span>\ue619\ue61eOther personnel expenses<span class=\"_ _230\"> </span>\ue61d\ue61b<span class=\"_ _14b\"> </span>\ue61f\ue61aT<span class=\"_ _2\"></span>otal employee bene\ue615t expenses included in EBIT<span class=\"_ _231\"> </span>593<span class=\"_ _13c\"> </span>614\ue67f\ue690.<span class=\"_ _0\"></span> POST<span class=\"_ _2\"></span>\ue684EMPLOYMENT BENEFIT PLANS\ue618e Group pro<span class=\"_ _0\"></span>vides retirement bene\ue615ts in mos<span class=\"_ _0\"></span>t countries in which it oper<span class=\"_ _0\"></span>ates, mainly thr<span class=\"_ _0\"></span>ough de\ue615ned contribution plans.<span class=\"_ _0\"></span> In some countries howev<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>, the Group organiz<span class=\"_ _0\"></span>es its retirement bene\ue615ts v<span class=\"_ _0\"></span>ia de\ue615ned bene\ue615t plans.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e net de\ue615ned bene\ue615t liability for<span class=\"_ _2\"></span> Belgium, Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> UK and US together<span class=\"_ _0\"></span> (within A<span class=\"_ _0\"></span>gfa in this context also ref<span class=\"_ _0\"></span>erred to as <span class=\"_ _0\"></span>\u2018m<span class=\"_ _0\"></span>aterial countries<span class=\"_ _0\"></span>\u2019) rep<span class=\"ws1\">-</span>resent 98% (20<span class=\"_ _0\"></span>21: 98%) of the total net de\ue615ned bene\ue615t liability of the Group<span class=\"_ _2\"></span>. A major<span class=\"_ _2\"></span> part of these liabilities relates to closed pension plans, me<span class=\"_ _0\"></span>aning that no further<span class=\"_ _2\"></span> bene\ue615ts are accrued under these plans.<span class=\"_ _2\"></span> \ue618is is the case in the UK, the US and for<span class=\"_ _2\"></span> a major<span class=\"_ _0\"></span> part of the German pension plans. In Be<span class=\"_ _0\"></span>lgi <span class=\"_ _86\"></span>um, the major<span class=\"_ _0\"></span> pension plan \u2013 referr<span class=\"_ _0\"></span>ed to as \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019 \u2013 has been closed to new manag<span class=\"_ _0\"></span>ers entering as from January 2019.<span class=\"_ _0\"></span> \ue618e followin<span class=\"_ _0\"></span>g table summarizes the imp<span class=\"_ _0\"></span>act of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s post-employment bene\ue615t plans on its consolida<span class=\"_ _0\"></span>ted statements of \ue615nancial position and pro\ue615t or<span class=\"_ _0\"></span> loss, br<span class=\"_ _0\"></span>oken dow<span class=\"_ _0\"></span>n into material countries and other<span class=\"_ _0\"></span> countries.December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _1c0\"> </span><span class=\"ffc\">December 31, 2022</span>Belgium/ Other Belgium/ Other TOT<span class=\"_ _0\"></span>ALTOT<span class=\"_ _0\"></span>ALMILLION EUROGermany/UK/UScountriesGermany/UK/UScountriesLiabilities for post-employment bene\ue614ts<span class=\"_ _145\"> </span>\ue619\ue61d\ue616<span class=\"_ _184\"> </span>\ue61d\ue616<span class=\"_ _4d\"> </span>\ue619\ue61f\ue61c<span class=\"_ _1a5\"> </span>\ue618\ue61f\ue61d<span class=\"_ _188\"> </span>\ue61d\ue61e<span class=\"_ _4d\"> </span>\ue618\ue61a\ue61dAssets related to post-employment bene\ue614ts<span class=\"_ _a6\"> </span>(\ue616\ue61e)<span class=\"_ _cb\"> </span>-<span class=\"_ _88\"> </span>(\ue616\ue61e)<span class=\"_ _147\"> </span>(\ue61d\ue61c)<span class=\"_ _cb\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d\ue61c)Net balance sheet position<span class=\"_ _1b8\"> </span>674<span class=\"_ _184\"> </span>14<span class=\"_ _ae\"> </span>688<span class=\"_ _1a5\"> </span>503<span class=\"_ _184\"> </span>10<span class=\"_ _4d\"> </span>513\ue61b\ue61c%<span class=\"_ _a4\"> </span>\ue61b\ue61c%December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _1c0\"> </span><span class=\"ffc\">December 31, 2022</span>Belgium/ Belgium/ Other Other Germany/ TOT<span class=\"_ _0\"></span>ALGermany/ TOT<span class=\"_ _0\"></span>ALcountriescountriesMILLION EUROUK/USUK/USDe\ue614ned contribution plans - net premiums and taxes<span class=\"_ _a2\"> </span>\ue616<span class=\"_ _232\"> </span>\ue616<span class=\"_ _188\"> </span>\ue61c<span class=\"_ _f8\"> </span>\ue616<span class=\"_ _232\"> </span>\ue616<span class=\"_ _188\"> </span>\ue61bPost-employment de\ue614ned bene\ue614t plans - current service  \ue61f\ue616<span class=\"_ _233\"> </span>\ue610-\ue610<span class=\"_ _99\"> </span>\ue61f\ue616<span class=\"_ _1a2\"> </span>\ue61d\ue61b<span class=\"_ _233\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61f\ue61e&amp; administrative costPost-employment de\ue614ned bene\ue614t plans - past service cost (gain)<span class=\"_ _94\"> </span>-<span class=\"_ _91\"> </span>(\ue61d)<span class=\"_ _99\"> </span>(\ue61d)<span class=\"_ _b2\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _a1\"> </span>-Post-employment de\ue614ned bene\ue614t plans - loss (gains) on settlements<span class=\"_ _195\"> </span>-<span class=\"_ _57\"> </span>(\ue616)<span class=\"_ _99\"> </span>(\ue616)<span class=\"_ _b2\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _1c5\"> </span>-Belgian de\ue614ned contribution plans with return guaranteed by law<span class=\"_ _16d\"> </span>\ue61b<span class=\"_ _ac\"> </span>-<span class=\"_ _188\"> </span>\ue61b<span class=\"_ _1a2\"> </span>\ue61d\ue618<span class=\"_ _cb\"> </span>-<span class=\"_ _60\"> </span>\ue61d\ue617Expenses related to post-employment bene\ue615ts, included in EBIT<span class=\"_ _c9\"> </span>37<span class=\"_ _a0\"> </span>(1)<span class=\"_ _60\"> </span>36<span class=\"_ _1a2\"> </span>39<span class=\"_ _234\"> </span>5<span class=\"_ _60\"> </span>44Net interest cost related to post-employment bene\ue615ts, including 8<span class=\"_ _cb\"> </span>-<span class=\"_ _1bc\"> </span>8<span class=\"_ _f8\"> </span>8<span class=\"_ _cb\"> </span>-<span class=\"_ _188\"> </span>8administrative costs of closed DB-plansT<span class=\"_ _2\"></span>otal expenses related to post-employment bene\ue615ts<span class=\"_ _a2\"> </span>45<span class=\"_ _25\"> </span>(1)<span class=\"_ _1f3\"> </span>44<span class=\"_ _1a2\"> </span>47<span class=\"_ _233\"> </span>5<span class=\"_ _8b\"> </span>52In Sweden,<span class=\"_ _0\"></span> the Company<span class=\"_ _0\"></span> transferr<span class=\"_ _0\"></span>ed out its pension liabilities in the course of Q1 20<span class=\"_ _0\"></span>21 to an insurance comp<span class=\"_ _0\"></span>any r<span class=\"_ _0\"></span>esulting in a one-time cash-out of 16 million Euro and a one-time gain of 5 million E<span class=\"_ _0\"></span>uro.<span class=\"_ _2\"></span> \ue618e transf<span class=\"_ _0\"></span>er of the Swedish pension pl<span class=\"_ _0\"></span>an to an external insur<span class=\"_ _0\"></span>er mainly e<span class=\"_ _0\"></span>xplains the evolution of the pension liabilities f<span class=\"_ _0\"></span>or the Groups non-m<span class=\"_ _0\"></span>aterial countries for<span class=\"_ _0\"></span> the year<span class=\"_ _2\"></span> to December 31, 20<span class=\"_ _0\"></span>21.  \ue618e evolution of the pension liabilities for<span class=\"_ _2\"></span> the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s material countries is e<span class=\"_ _0\"></span>xplained in section 13.2.13.<span class=\"_ _2\"></span>1 De\ue61fned contribution plans\ue618e Agfa-Gev<span class=\"_ _2\"></span>aert Group companies<span class=\"_ _0\"></span>\u2019 contributions to publicly or<span class=\"_ _2\"></span> privately administer<span class=\"_ _0\"></span>ed de\ue615ned contribution pension funds or ins<span class=\"_ _0\"></span>urance contr<span class=\"_ _0\"></span>acts totaled 9 million Eur<span class=\"_ _0\"></span>o in 202<span class=\"_ _0\"></span>2 (8 million Euro in 20<span class=\"_ _0\"></span>21) of which 4 million E<span class=\"_ _0\"></span>uro rela<span class=\"_ _0\"></span>tes to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries (4 million Eur<span class=\"_ _0\"></span>o in 2021<span class=\"_ _0\"></span>). Once the contributions hav<span class=\"_ _0\"></span>e been paid, the Gr<span class=\"_ _0\"></span>oup companies ha<span class=\"_ _0\"></span>ve no further p<span class=\"_ _0\"></span>ayment obligation.<span class=\"_ _2\"></span> \ue618e regular<span class=\"_ _2\"></span> contributions constitute an expense for the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> in which they are due<span class=\"_ _2\"></span>.De\ue615ned contribution plans in Belgium are f<span class=\"_ _0\"></span>or the purpose of the IFRS accounting tr<span class=\"_ _0\"></span>eatment not consider<span class=\"_ _0\"></span>ed as de\ue615ned contribution plans but instea<span class=\"_ _0\"></span>d as de\ue615ned bene\ue615t plans. Mor<span class=\"_ _0\"></span>e information on these plans is pr<span class=\"_ _0\"></span>ovided her<span class=\"_ _0\"></span>eafter<span class=\"_ _2\"></span>.13.2 De\ue61fned bene\ue61ft plans13.2.<span class=\"_ _2\"></span>1 Belgian de\ue61fned contribution plans with return guaranteed by lawBelgian \u2018De\ue615ne<span class=\"_ _0\"></span>d Contribution<span class=\"_ _2\"></span>\u2019 plans are s<span class=\"_ _0\"></span>ubject to the Occupational P<span class=\"_ _2\"></span>ensions Act of April 2003. In a<span class=\"_ _0\"></span>ccordance w<span class=\"_ _0\"></span>ith article 24 of the Occupational P<span class=\"_ _2\"></span>ensions Act, a\ue616liated persons ar<span class=\"_ _0\"></span>e entitled to a guar<span class=\"_ _0\"></span>anteed return w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to contributions made by the or<span class=\"_ _0\"></span>ganizer<span class=\"_ _0\"></span> of the plan and by the employ<span class=\"_ _0\"></span>ee.<span class=\"_ _2\"></span> Until December 31, 201<span class=\"_ _0\"></span>5, the minimum guar<span class=\"_ _2\"></span>anteed return amount<span class=\"ws1\">-</span>ed to 3.25% on employer<span class=\"_ _2\"></span> contributions and of 3.75% on employ<span class=\"_ _0\"></span>ee contributions.\ue618e Act of December 18,<span class=\"_ _2\"></span> 2015, which entered into f<span class=\"_ _0\"></span>orce on January 1, 2<span class=\"_ _0\"></span>016, h<span class=\"_ _0\"></span>as introduced sever<span class=\"_ _2\"></span>al amendments to the Act of April 28, 200<span class=\"_ _0\"></span>3. As of January 1,<span class=\"_ _0\"></span> 2016,<span class=\"_ _2\"></span> the guaranteed return is aligned <span class=\"_ _0\"></span>with the percentage (<span class=\"_ _0\"></span>65%) of the aver<span class=\"_ _0\"></span>age return on June 1 over<span class=\"_ _2\"></span> the last 24 months of Belgian State linear<span class=\"_ _0\"></span> bonds (\u2018OLOs<span class=\"_ _2\"></span>\u2019) with a maturity of 10 ye<span class=\"_ _2\"></span>ars, with a minimum of 1.<span class=\"_ _0\"></span>75% and a maximum of 3.<span class=\"_ _0\"></span>75%. <span class=\"_ _0\"></span>As of 2016,<span class=\"_ _0\"></span> the return guar<span class=\"_ _0\"></span>anteed by la<span class=\"_ _0\"></span>w is set at 1.<span class=\"_ _2\"></span>75% and applies to both personal contributions made by the emplo<span class=\"_ _0\"></span>yee and contributions made b<span class=\"_ _0\"></span>y the employer<span class=\"_ _2\"></span>.With r<span class=\"_ _0\"></span>egard to the application of the guar<span class=\"_ _2\"></span>anteed return in case of modi\ue615cation of the interest ra<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> the Act of December<span class=\"_ _0\"></span> 18, 201<span class=\"_ _0\"></span>5 introduced the \u2018<span class=\"_ _0\"></span>horizontal method<span class=\"_ _2\"></span>\u2019 applicable for all ins<span class=\"_ _0\"></span>ured plans w<span class=\"_ _0\"></span>hich guarantee a \ue615x<span class=\"_ _0\"></span>ed return up to the retir<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>ment age (so-called Br<span class=\"_ _2\"></span>anch 21 insured products) and the <span class=\"_ _0\"></span>\u2018vertical method<span class=\"_ _2\"></span>\u2019 in all other situations.<span class=\"_ _0\"></span> W<span class=\"_ _0\"></span>ithin our Belgi<span class=\"_ _0\"></span>an group companies, all ins<span class=\"_ _0\"></span>ured pension plans are m<span class=\"_ _0\"></span>anaged v<span class=\"_ _0\"></span>ia \u2018Br<span class=\"_ _2\"></span>anch 21\u2019<span class=\"_ _0\"></span> insured products.\ue618e application of the \u2018horiz<span class=\"_ _0\"></span>ontal method<span class=\"_ _0\"></span>\u2019 is comp<span class=\"_ _0\"></span>arable to a \ue615x<span class=\"_ _0\"></span>ed-rate term deposit a<span class=\"_ _0\"></span>ccount. <span class=\"_ _2\"></span>\ue618e previous interest r<span class=\"_ _0\"></span>ate is applicable until exit,<span class=\"_ _0\"></span> retirement or<span class=\"_ _2\"></span> abolition of the pension engagement <span class=\"ws1\">\ue6a0</span> whichever<span class=\"_ _0\"></span> occurs \ue615rst <span class=\"ws1\">\ue6a0</span> to the contributions due on the basis of the plan rules befor<span class=\"_ _0\"></span>e the modi\ue615cation. <span class=\"_ _2\"></span>\ue618e new interest rate is then applica<span class=\"_ _0\"></span>ble to contributions due on the basis of the plan rules from the modi\ue615ca<span class=\"_ _0\"></span>tion onw<span class=\"_ _0\"></span>ards until the \ue615rst of the afor<span class=\"_ _0\"></span>ementioned occurrences.\ue618erefore<span class=\"_ _2\"></span>, for all of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s de\ue615ned contribution plans with return guar<span class=\"_ _2\"></span>anteed by law<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the minimum return of 3.25% (employ<span class=\"_ _0\"></span>er contributions) and 3.<span class=\"_ _2\"></span>75% (employ<span class=\"_ _0\"></span>ee contributions) still apply for<span class=\"_ _2\"></span> contributions made until December 31, 201<span class=\"_ _0\"></span>5. For<span class=\"_ _2\"></span> these contributions, a\ue616liated persons are entitled to a<span class=\"_ _0\"></span>t least a return of 3.25%/<span class=\"_ _2\"></span>3.<span class=\"_ _0\"></span>75% until retir<span class=\"_ _0\"></span>ement age (or<span class=\"_ _0\"></span> exit/<span class=\"_ _2\"></span>aboli<span class=\"ws1\">-</span>tion of the pension engagement).<span class=\"_ _2\"></span> For contributions ma<span class=\"_ _0\"></span>de as from 2016,<span class=\"_ _2\"></span> the employer is committed to a minimum r<span class=\"_ _0\"></span>eturn of 1.<span class=\"_ _0\"></span>75% until occurrence of retirement ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, exit or<span class=\"_ _2\"></span> abolition of the pension engagement.As insurance comp<span class=\"_ _0\"></span>anies apply technical interest r<span class=\"_ _2\"></span>ates <span class=\"ws1\">\ue6a0</span> i.e.<span class=\"_ _2\"></span> agreed interest ra<span class=\"_ _0\"></span>tes excluding pr<span class=\"_ _0\"></span>o\ue615t-sharing <span class=\"ws1\">\ue6a0</span> below the min<span class=\"ws1\">-</span>imum return guar<span class=\"_ _2\"></span>anteed by law<span class=\"_ _2\"></span>, not all actu<span class=\"_ _0\"></span>arial and inv<span class=\"_ _0\"></span>estment risks rel<span class=\"_ _0\"></span>ating to these insured pl<span class=\"_ _0\"></span>ans are tr<span class=\"_ _0\"></span>ansferred to the insurance comp<span class=\"_ _0\"></span>any man<span class=\"_ _0\"></span>aging the plans. <span class=\"_ _2\"></span>\ue618erefore these plans do not meet the de\ue615nition of de\ue615ned contribution plans under IFRS and ar<span class=\"_ _0\"></span>e by def<span class=\"_ _0\"></span>ault classi\ue615ed and me<span class=\"_ _0\"></span>asured as de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans. In Belgium,<span class=\"_ _0\"></span> the DC-plans comprise pension plans, gr<span class=\"_ _0\"></span>oup insurance plans and bonus pension pl<span class=\"_ _0\"></span>ans. <span class=\"_ _2\"></span>\ue618e net liability at December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 amounted to 10 million Euro (2021: 5 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> \ue618e total de\ue615ned bene\ue615t cost for<span class=\"_ _0\"></span> Belgian de\ue615ned contribution plans r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss for 202<span class=\"_ _0\"></span>2, amounted to 1<span class=\"_ _0\"></span>5 million Euro (20<span class=\"_ _2\"></span>21: 9 million Euro) or an incr<span class=\"_ _0\"></span>ease of 6 million Eur<span class=\"_ _0\"></span>o mainly explained b<span class=\"_ _0\"></span>y the higher<span class=\"_ _0\"></span> employee bonuses aw<span class=\"_ _0\"></span>arded o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the 2021 service y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> and paid into the plan in 20<span class=\"_ _0\"></span>22.Except for<span class=\"_ _2\"></span> a group insurance plan for<span class=\"_ _0\"></span> managers and e<span class=\"_ _0\"></span>xecutives,<span class=\"_ _0\"></span> all DC-plans are fully<span class=\"_ _0\"></span> \ue615nanced by emplo<span class=\"_ _0\"></span>yer contributions.<span class=\"_ _2\"></span> In 2022,<span class=\"_ _2\"></span> the annual employer contributions amounted in total <span class=\"_ _0\"></span>to 15 million Euro (2<span class=\"_ _0\"></span>021: 8 million Eur<span class=\"_ _0\"></span>o). <span class=\"_ _2\"></span>\ue618e Group expects a similar contribution amount in 2<span class=\"_ _0\"></span>023.13.2.2 De\ue61fned bene\ue61ft plans excluding de\ue61fned contribution plans with return guaranteed by law\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s post-employment de\ue615ned bene\ue615t plans prim<span class=\"_ _0\"></span>arily rela<span class=\"_ _0\"></span>te to retirement bene\ue615ts.\ue618e Group P<span class=\"_ _2\"></span>ension Committee, cr<span class=\"_ _0\"></span>eated as a subcommittee of the Ex<span class=\"_ _0\"></span>ecutive Committee (Ex<span class=\"_ _0\"></span>co) of the Group assists the Exco in the ov<span class=\"_ _0\"></span>ersight and supervision of the di\ue614erent pension plans and other<span class=\"_ _2\"></span> post-employment arrang<span class=\"_ _0\"></span>ements that exist within the Group<span class=\"_ _2\"></span>.\ue618e Committee advises the Ex<span class=\"_ _0\"></span>co on bene\ue615t plan design matters such as amendment to or<span class=\"_ _2\"></span> termination <span class=\"ws1\">\ue6a0</span> in whole or in part \ue6a0<span class=\"ws2a\"> of the bene\ue615t plans and their r<span class=\"_ _0\"></span>espective funding arr<span class=\"_ _0\"></span>angements.<span class=\"_ _0\"></span> Next to pro<span class=\"_ _0\"></span>viding adv<span class=\"_ _0\"></span>ice to the Exco<span class=\"_ _0\"></span>, the Group P<span class=\"_ _2\"></span>ension </span>Comm<span class=\"_ _22\"></span>itt<span class=\"_ _22\"></span>ee <span class=\"_ _22\"></span>is a<span class=\"_ _22\"></span>lso<span class=\"_ _22\"></span> responsible for a<span class=\"_ _0\"></span>dvising local manag<span class=\"_ _0\"></span>ement <span class=\"ls1 ws1\">\ue6a0</span> i.e<span class=\"_ _2\"></span>. local management of the pension funds as w<span class=\"_ _0\"></span>ell as local management <span class=\"_ _0\"></span>of the sponsoring employe<span class=\"_ _22\"></span>rs o<span class=\"_ _22\"></span>f th<span class=\"_ _22\"></span>e be<span class=\"_ _22\"></span>ne\ue615<span class=\"_ _22\"></span>t pla<span class=\"_ _22\"></span>ns <span class=\"ls1 ws1\">\ue6a0<span class=\"ws17\"> in ful\ue615lling their responsibilities in r<span class=\"_ _0\"></span>elation to pension </span></span>matters.\ue618e Group P<span class=\"_ _2\"></span>ension Committee has set a strategic asset allocation f<span class=\"_ _0\"></span>or its major<span class=\"_ _2\"></span> plans that are \ue615nanced throug<span class=\"_ _0\"></span>h a separa<span class=\"_ _0\"></span>te pension fund. <span class=\"_ _2\"></span>\ue618e committee reviews the asset allocation targ<span class=\"_ _0\"></span>ets regularly to ens<span class=\"_ _0\"></span>ure that they r<span class=\"_ _0\"></span>emain appropriate to the pension fund liability pr<span class=\"_ _0\"></span>o\ue615les. F<span class=\"_ _2\"></span>or the management of the plan assets,<span class=\"_ _0\"></span> the Group P<span class=\"_ _2\"></span>ension Committee is assisted by the Group P<span class=\"_ _2\"></span>ension Investment Committee<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e Group Pension In<span class=\"_ _0\"></span>vestment Committee has is<span class=\"_ _0\"></span>sued a Group In<span class=\"_ _0\"></span>vestment Guide<span class=\"ws1\">-</span>line which w<span class=\"_ _2\"></span>as approved by the Gr<span class=\"_ _0\"></span>oup P<span class=\"_ _0\"></span>ension Committee.<span class=\"_ _2\"></span> \ue618e Group P<span class=\"_ _2\"></span>ension Committee monitors the proper applica<span class=\"ws1\">-</span>tion of this guideline<span class=\"_ _0\"></span>.\ue618e Group<span class=\"_ _0\"></span>, through its Gr<span class=\"_ _0\"></span>oup P<span class=\"_ _0\"></span>ension Committee<span class=\"_ _0\"></span>, inv<span class=\"_ _0\"></span>estigates lia<span class=\"_ _0\"></span>bility reduction solutions and seek<span class=\"_ _0\"></span>s to de-risk the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s post-employment bene\ue615t lia<span class=\"_ _0\"></span>bilities. In recent y<span class=\"_ _0\"></span>ears,<span class=\"_ _0\"></span> the Group P<span class=\"_ _2\"></span>ension Committee has proposed di\ue614erent me<span class=\"_ _0\"></span>a<span class=\"ws1\">-</span>sures that h<span class=\"_ _0\"></span>ave been re<span class=\"_ _2\"></span>alized, among which the closur<span class=\"_ _0\"></span>e of the \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019 for<span class=\"_ _0\"></span> new managers enterin<span class=\"_ _0\"></span>g as from January 2019, the o\ue614<span class=\"_ _0\"></span>er in December<span class=\"_ _0\"></span> 2018 to tr<span class=\"_ _0\"></span>ansfer to a thir<span class=\"_ _0\"></span>d party insur<span class=\"_ _0\"></span>er a certain portion of the bene\ue615ts built under<span class=\"_ _0\"></span> the Agfa UK P<span class=\"_ _2\"></span>ension Plan and a terminated vested cash-out pr<span class=\"_ _0\"></span>oject for the <span class=\"_ _0\"></span>Agfa Corpor<span class=\"_ _2\"></span>ation Pension Plan launche<span class=\"_ _0\"></span>d in 2018. In 2019, an annuit<span class=\"_ _0\"></span>y purchase project h<span class=\"_ _0\"></span>as taken place f<span class=\"_ _0\"></span>or the pensioners of the Agf<span class=\"_ _0\"></span>a Corpora<span class=\"_ _0\"></span>tion P<span class=\"_ _0\"></span>ension Plan. In 20<span class=\"_ _0\"></span>20,<span class=\"_ _0\"></span> the de-risking activities continued <span class=\"_ _0\"></span>with a terminated <span class=\"_ _0\"></span>vested cash-out,<span class=\"_ _0\"></span> an annuity placement on r<span class=\"_ _0\"></span>etirees and an age 59.5 in-ser<span class=\"_ _2\"></span><span class=\"ws1\">-</span>vice distributions for<span class=\"_ _2\"></span> the Agfa Corpora<span class=\"_ _0\"></span>tion Pension Pl<span class=\"_ _0\"></span>an. In 2021,<span class=\"_ _0\"></span> the Agfa UK P<span class=\"_ _2\"></span>ension Plan has bought an annuity buy<span class=\"_ _0\"></span>-in contract b<span class=\"_ _0\"></span>acking 70% of the pensioner<span class=\"_ _0\"></span> liabilities of the plan, and in 20<span class=\"_ _2\"></span>22 a second annuity buy-in w<span class=\"_ _0\"></span>as completed cov<span class=\"_ _0\"></span>ering the remaining pensioner<span class=\"_ _2\"></span> liabilities and the majority of the deferred member<span class=\"_ _2\"></span> liabilities. Under these bu<span class=\"_ _0\"></span>y-in policies purchase<span class=\"_ _0\"></span>d from insurers,<span class=\"_ _0\"></span> an up-front premium is p<span class=\"_ _0\"></span>aid by the Scheme at the time of the transaction af<span class=\"_ _0\"></span>ter which the ins<span class=\"_ _0\"></span>urer<span class=\"_ _0\"></span> pays the Scheme the bene\ue615ts due to members as they f<span class=\"_ _0\"></span>all due.<span class=\"_ _2\"></span> \ue618e income the Scheme receives fr<span class=\"_ _0\"></span>om the insurers matches the outg<span class=\"_ _0\"></span>oing pay<span class=\"_ _0\"></span>ment due to members, due to which the Scheme is protected against the risk<span class=\"_ _0\"></span> of havin<span class=\"_ _0\"></span>g insu\ue616cient assets to meet its liabilities in the futur<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> Management of the Group has concluded tha<span class=\"_ _0\"></span>t the impact of the transa<span class=\"_ _0\"></span>ction is to be trea<span class=\"_ _0\"></span>ted as an asset reme<span class=\"_ _0\"></span>asurement loss w<span class=\"_ _0\"></span>ith the impact going throug<span class=\"_ _0\"></span>h Other Compr<span class=\"_ _0\"></span>ehensive Income<span class=\"_ _2\"></span>. \ue618is conclusion is b<span class=\"_ _0\"></span>ased on the substance of the transa<span class=\"_ _0\"></span>ction being a change in inves<span class=\"_ _0\"></span>tment strategy<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is conclusion is also supported by the decision of both the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management and the trustees of the UK pension plan not to buy-out/<span class=\"_ _2\"></span>wind up the plan, at le<span class=\"_ _0\"></span>ast for<span class=\"_ _0\"></span> the coming four <span class=\"_ _0\"></span>years.<span class=\"_ _0\"></span> \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s major de\ue615ne<span class=\"_ _0\"></span>d bene\ue615t plans gener<span class=\"_ _0\"></span>ally prov<span class=\"_ _0\"></span>ide bene\ue615ts that are r<span class=\"_ _0\"></span>elated to an emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s remuner<span class=\"_ _2\"></span>ation and years of service<span class=\"_ _2\"></span>. \ue618eir<span class=\"_ _2\"></span> characteristics and associate<span class=\"_ _0\"></span>d risks are e<span class=\"_ _0\"></span>xplained in more detail here<span class=\"_ _2\"></span>after<span class=\"_ _0\"></span>.BelgiumIn Belgium, the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation relates m<span class=\"_ _0\"></span>ainly to \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019 that is \ue615n<span class=\"_ _0\"></span>anced through contributions paid to an external Or<span class=\"_ _0\"></span>ganization for<span class=\"_ _0\"></span> Financing P<span class=\"_ _2\"></span>ensions (OFP). \ue618is fund h<span class=\"_ _0\"></span>as the duty to foresee the p<span class=\"_ _0\"></span>ayments of the pen<span class=\"ws1\">-</span>sions promised by<span class=\"_ _0\"></span> its participating emplo<span class=\"_ _0\"></span>yers,<span class=\"_ _0\"></span> being Agfa-Gev<span class=\"_ _2\"></span>aert NV<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Agfa NV<span class=\"_ _0\"></span> and Agfa O\ue614set B<span class=\"_ _2\"></span>V to the bene\ue615ciaries of the plan. As of January 1, 2019,<span class=\"_ _0\"></span> the \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019 w<span class=\"_ _2\"></span>as closed for new manag<span class=\"_ _0\"></span>ers of the Group.<span class=\"_ _2\"></span> For the <span class=\"_ _0\"></span>\u2018F<span class=\"_ _0\"></span>abriekspensioen<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>, the plan participants ar<span class=\"_ _0\"></span>e eligible for<span class=\"_ _0\"></span> a bene\ue615t based on a last <span class=\"_ _0\"></span>yearly income f<span class=\"_ _0\"></span>ormula. As this f<span class=\"_ _0\"></span>unded pension plan is still open to future accru<span class=\"_ _0\"></span>als and new entrants e<span class=\"_ _0\"></span>xcept for<span class=\"_ _0\"></span> managers,<span class=\"_ _0\"></span> the plan exposes the Comp<span class=\"_ _0\"></span>any to a salary incr<span class=\"_ _0\"></span>ease risk, ne<span class=\"_ _0\"></span>xt to an interest r<span class=\"_ _0\"></span>ate risk, an in<span class=\"_ _0\"></span>vestment risk<span class=\"_ _0\"></span> and a longevity<span class=\"_ _0\"></span> risk. Although this pl<span class=\"_ _0\"></span>an has been set up as an annuity plan,<span class=\"_ _0\"></span> more than 95% of the members choose to take their<span class=\"_ _0\"></span> bene\ue615t as a lump sum pension payment a<span class=\"_ _0\"></span>t retirement ag<span class=\"_ _0\"></span>e.\ue618e legal and regula<span class=\"_ _0\"></span>tory framework<span class=\"_ _0\"></span> for the <span class=\"_ _0\"></span>\u2018F<span class=\"_ _0\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> is based on the applicable Belgi<span class=\"_ _0\"></span>an law<span class=\"_ _2\"></span>, i.<span class=\"_ _2\"></span>e. the la<span class=\"_ _0\"></span>w of October 2<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span> 2006 on the supervision of institutions for<span class=\"_ _0\"></span> occupational retir<span class=\"_ _0\"></span>ement prov<span class=\"_ _0\"></span>ision and the law on supplementary pensions (W<span class=\"_ _2\"></span>AP), applicable as fr<span class=\"_ _0\"></span>om January 1, 2004.<span class=\"_ _2\"></span> Based on this legislation a funding v<span class=\"_ _0\"></span>aluation is prep<span class=\"_ _0\"></span>ared annually<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e valu<span class=\"_ _0\"></span>ation method, used to determine the contributions to the Belgi<span class=\"_ _0\"></span>an OFP<span class=\"_ _1\"></span>, is the \u2018<span class=\"_ _2\"></span>aggregate cost method<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.\ue618e contribution, accor<span class=\"_ _0\"></span>ding to the calculation method de\ue615ned in the \ue615nancin<span class=\"_ _0\"></span>g plan, is e<span class=\"_ _0\"></span>xpressed as an annual \ue615x<span class=\"_ _0\"></span>ed per<span class=\"ws1\">-</span>centage of pay<span class=\"_ _0\"></span>roll in order<span class=\"_ _2\"></span> to \ue615nance the total service liability<span class=\"_ _2\"></span>. Accor<span class=\"_ _0\"></span>ding to the latest a<span class=\"_ _0\"></span>ctuarial v<span class=\"_ _0\"></span>aluation report on the Belgian OFP<span class=\"_ _1\"></span>, dated January 20<span class=\"_ _0\"></span>22, the Long <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>erm Prov<span class=\"_ _0\"></span>ision funding r<span class=\"_ _0\"></span>atio w<span class=\"_ _0\"></span>as 120% (2021: 11<span class=\"_ _0\"></span>6.86%).\ue618e Board of Dir<span class=\"_ _0\"></span>ectors of the \u2018P<span class=\"_ _0\"></span>ensioenfonds Agf<span class=\"_ _0\"></span>a-Geva<span class=\"_ _0\"></span>ert OFP\u2019 bears the ultim<span class=\"_ _0\"></span>ate responsibility f<span class=\"_ _0\"></span>or the manag<span class=\"_ _0\"></span>ement of the assets and liabilities of the \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618ey have delegated in<span class=\"_ _0\"></span>vestment o<span class=\"_ _0\"></span>versight of the plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s assets to the Local Investment C<span class=\"_ _0\"></span>ommittee who in turn opera<span class=\"_ _0\"></span>tes within the fr<span class=\"_ _0\"></span>amework set b<span class=\"_ _0\"></span>y the Group P<span class=\"_ _2\"></span>ension Committee. <span class=\"_ _2\"></span>\ue618e Statement of Inves<span class=\"_ _0\"></span>tments Principles (SIP), prep<span class=\"_ _0\"></span>ared b<span class=\"_ _0\"></span>y the Local Investment C<span class=\"_ _0\"></span>ommittee in accordance w<span class=\"_ _0\"></span>ith the Group In<span class=\"ws1\">-</span>vestment Guidelines,<span class=\"_ _0\"></span> has been formally r<span class=\"_ _2\"></span>ati\ue615ed at the Extraor<span class=\"_ _0\"></span>dinary General Meeting of the <span class=\"_ _0\"></span>\u2018P<span class=\"_ _0\"></span>ensioenfonds Agf<span class=\"_ _0\"></span>a-Gevaert OFP\u2019 on January 31,<span class=\"_ _0\"></span> 2020<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e Local Investment Committee needs to ensur<span class=\"_ _0\"></span>e that plan assets ar<span class=\"_ _0\"></span>e investe<span class=\"_ _0\"></span>d e\ue614ectively and prudently<span class=\"_ _2\"></span>, in full compli<span class=\"_ _0\"></span>ance with all applicable la<span class=\"_ _0\"></span>ws, and for<span class=\"_ _2\"></span> the bene\ue615t of<span class=\"_ _22\"></span> plan particip<span class=\"_ _0\"></span>ants and bene\ue615ciaries.GermanyIn Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> no legal or r<span class=\"_ _0\"></span>egulatory minimum funding r<span class=\"_ _0\"></span>equirements apply<span class=\"_ _2\"></span>, and as such the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s German de\ue615ned bene\ue615t retirement plans ar<span class=\"_ _0\"></span>e all unfunded plans.\ue618e German pension plans include a basic plan r<span class=\"_ _0\"></span>elated to pension r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant salary up to the Social Security Ceiling (S<span class=\"_ _0\"></span>SC) and a supplementary plan coverin<span class=\"_ _0\"></span>g bene\ue615ts attributed on pension relev<span class=\"_ _2\"></span>ant salary above the Social Security Ceilin<span class=\"_ _0\"></span>g. <span class=\"_ _2\"></span>Ad<span class=\"ws1\">-</span>ditionally<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span>Agfa is obliged to pr<span class=\"_ _0\"></span>ovide pension plans a<span class=\"_ _0\"></span>ccording to the Collectiv<span class=\"_ _0\"></span>e Labor <span class=\"_ _0\"></span>Agreement (CLA) regul<span class=\"_ _0\"></span>ation of the Chemical Sector<span class=\"_ _2\"></span>.In Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> we ha<span class=\"_ _0\"></span>ve two main pension pl<span class=\"_ _0\"></span>ans: the \u2018<span class=\"_ _2\"></span>old pension plan<span class=\"_ _2\"></span>\u2019 that w<span class=\"_ _2\"></span>as closed to new entries as from 2005 and the \u2018<span class=\"_ _0\"></span>new pension plan<span class=\"_ _2\"></span>\u2019 applicable to emplo<span class=\"_ _0\"></span>yees joining as from 2005.<span class=\"_ _2\"></span> \ue618e \u2018<span class=\"_ _2\"></span>old pension plan<span class=\"_ _2\"></span>\u2019 w<span class=\"_ _2\"></span>as closed to future bene\ue615t ac<span class=\"ws1\">-</span>crual as of December 31,<span class=\"_ _2\"></span> 2009 and the participating employ<span class=\"_ _0\"></span>ees joined the \u2018<span class=\"_ _2\"></span>new pension plan<span class=\"_ _2\"></span>\u2019 for futur<span class=\"_ _0\"></span>e bene\ue615t accrual on enhanced bene\ue615t terms. Both pl<span class=\"_ _0\"></span>ans comprise a basic and a supplementary plan.Under the <span class=\"ff11 ws1\">\u2018</span>old pension pl<span class=\"_ _0\"></span>an<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>, the basic plan is manag<span class=\"_ _0\"></span>ed by the Ba<span class=\"_ _0\"></span>yer P<span class=\"_ _2\"></span>ensionskasse (Penka<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618e Bayer P<span class=\"_ _2\"></span>ensionskasse is a multi-employer<span class=\"_ _2\"></span> plan accounted for as if it wer<span class=\"_ _0\"></span>e a de\ue615ned contribution plan (IAS 19.34 (<span class=\"_ _2\"></span>a)). <span class=\"_ _0\"></span>\ue618e plan is a de\ue615ned bene\ue615t plan under contr<span class=\"_ _0\"></span>ol of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s former p<span class=\"_ _0\"></span>arent compan<span class=\"_ _0\"></span>y Bay<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>AG.<span class=\"_ _0\"></span> It is accounted for<span class=\"_ _0\"></span> as a de\ue615ned contribution plan as the Group has no right to obtain the necessary da<span class=\"_ _0\"></span>ta for de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>an accounting.<span class=\"_ _0\"></span> In case of a de\ue615cit, this plan ma<span class=\"_ _0\"></span>y expose the Group to in<span class=\"_ _0\"></span>vestment and actuari<span class=\"_ _0\"></span>al risk. <span class=\"_ _2\"></span>\ue618e Group however<span class=\"_ _0\"></span> considers these risks insigni\ue615cant.<span class=\"_ _0\"></span> From 2004 onw<span class=\"_ _2\"></span>ards, Agf<span class=\"_ _0\"></span>a has been responsible for<span class=\"_ _0\"></span> adjustments to the pension pa<span class=\"_ _0\"></span>yments processed b<span class=\"_ _0\"></span>y the Bay<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>ensionskasse in accordance <span class=\"_ _0\"></span>with Sec. 16<span class=\"_ _0\"></span>, 1 and 2 of the German P<span class=\"_ _2\"></span>ension Act (BetrA<span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>G \u2013 Betriebsrentengesetz).<span class=\"_ _0\"></span> \ue618e b<span class=\"_ _0\"></span>ase pension including the adjustments processe<span class=\"_ _0\"></span>d according to the afor<span class=\"_ _0\"></span>ementioned legal reg<span class=\"_ _0\"></span>ulations up until 2003 ar<span class=\"_ _0\"></span>e paid by the P<span class=\"_ _2\"></span>enka directly<span class=\"_ _2\"></span>. Consequently<span class=\"_ _2\"></span>, the de\ue615ned bene\ue615t li<span class=\"_ _0\"></span>ability disclosed in A<span class=\"_ _0\"></span>gfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s accounts in respect of this basic plan sole<span class=\"_ _0\"></span>ly relate to the pos<span class=\"_ _0\"></span>t-2003 adjustments to the pension p<span class=\"_ _0\"></span>ayments.\ue618e bene\ue615ts accrued under<span class=\"_ _0\"></span> the supplementary plan are accounted f<span class=\"_ _0\"></span>or as a de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>an. <span class=\"_ _2\"></span>\ue618ey are based on \u2018<span class=\"_ _2\"></span>contri<span class=\"ws1\">-</span>(1)butions\u2019 calculated as a \ue615xe<span class=\"_ _0\"></span>d percentage of pensionable salary abo<span class=\"_ _0\"></span>ve the SSC.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618en, an age independent f<span class=\"_ _0\"></span>actor<span class=\"_ _0\"></span> is used for (1)convertin<span class=\"_ _0\"></span>g those \u2018contributions<span class=\"_ _2\"></span>\u2019 into individual pension entitlements.\ue618e <span class=\"_ _22\"></span><span class=\"ff11\">\u2018</span><span class=\"wsaf\">new pension plan<span class=\"_ _2\"></span>\u2019 includes a b<span class=\"_ _0\"></span>asic pension plan, i.<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>. bene\ue615ts entitlements on pensionable sal<span class=\"_ _0\"></span>ary up to the SSC, and </span>a supplementary pension plan accruing bene\ue615ts on pensiona<span class=\"_ _0\"></span>ble salary above the S<span class=\"_ _0\"></span>SC. <span class=\"_ _2\"></span>\ue618e basic plan is funded through contributions paid to the Rheinische P<span class=\"_ _2\"></span>ensionskasse. Emplo<span class=\"_ _0\"></span>yees contribute to the Rheinische P<span class=\"_ _0\"></span>ensionskasse by deferr<span class=\"_ _0\"></span>ed compensation. Once the contributions ha<span class=\"_ _0\"></span>ve been paid to the Rheinische P<span class=\"_ _2\"></span>ensionskasse,<span class=\"_ _0\"></span> in principle the group companies have no f<span class=\"_ _0\"></span>urther pa<span class=\"_ _0\"></span>yment obligation.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is plan is consequently accounted for<span class=\"_ _2\"></span> as a de\ue615ned contribution plan. <span class=\"_ _0\"></span>\ue618e new sup<span class=\"ws1\">-</span>plementary plan, which is a<span class=\"_ _0\"></span>ccounted for on the b<span class=\"_ _0\"></span>alance sheet as a direct pension commitment,<span class=\"_ _0\"></span> has no upper ceilin<span class=\"_ _0\"></span>g for pensionable salary<span class=\"_ _2\"></span>.(1)\ue618e bene\ue615ts accrued under<span class=\"_ _0\"></span> the supplementary plan are base<span class=\"_ _0\"></span>d on \u2018<span class=\"_ _2\"></span>contributions\u2019 calculated as a \ue615xe<span class=\"_ _0\"></span>d percentage of pen<span class=\"ws1\">-</span>(1)sionable salary abov<span class=\"_ _0\"></span>e the SSC. In contr<span class=\"_ _2\"></span>ast to the old pension plan, \u2018<span class=\"_ _2\"></span>contributions\u2019 to the new supplementary pension plan are then conv<span class=\"_ _0\"></span>erted into pension entitlements based on ag<span class=\"_ _0\"></span>e-dependent pension factors and considering a pr<span class=\"_ _0\"></span>e-determined annual incre<span class=\"_ _0\"></span>ase of those entitlements. As of 2012,<span class=\"_ _0\"></span> the plan introduced an option to p<span class=\"_ _0\"></span>ay out lump sums inste<span class=\"_ _0\"></span>ad of monthly pension payments.Employees w<span class=\"_ _0\"></span>ho participated in the <span class=\"_ _2\"></span>\u2018old pension plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> when it w<span class=\"_ _2\"></span>as closed to future accrual as of December 31,<span class=\"_ _0\"></span> 2009, r<span class=\"_ _0\"></span>eceive supplementary pension entitlements based on a matchin<span class=\"_ _0\"></span>g \u2018<span class=\"_ _2\"></span>\ue615fty-\ue615fty\u2019<span class=\"_ _0\"></span> approach me<span class=\"_ _0\"></span>aning that the emplo<span class=\"_ _0\"></span>yer p<span class=\"_ _0\"></span>ays contribu<span class=\"ws1\">-</span>tions to the extent of the employee contributions.<span class=\"_ _2\"></span> \ue618e structure itse<span class=\"_ _0\"></span>lf is similar to the new supplementary pension plan as described abov<span class=\"_ _0\"></span>e.(1)\ue618e pension plan accordin<span class=\"_ _0\"></span>g to the CLA of the Chemical Sector is b<span class=\"_ _0\"></span>ased on \u2018<span class=\"_ _2\"></span>contributions\u2019 that are con<span class=\"_ _0\"></span>verted into in<span class=\"ws1\">-</span>dividual pension entitlements using ag<span class=\"_ _0\"></span>e-dependent pension factors. Emplo<span class=\"_ _0\"></span>yees also contribute to this plan b<span class=\"_ _0\"></span>y deferred compensation.In Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Agfa h<span class=\"_ _0\"></span>as a number of smaller<span class=\"_ _0\"></span> plans from pr<span class=\"_ _0\"></span>evious corpora<span class=\"_ _0\"></span>te acquisitions. <span class=\"_ _2\"></span>\ue618ese plans are all closed to future bene\ue615t accrual.\ue618e de\ue615ned bene\ue615t liability in Germ<span class=\"_ _0\"></span>any also includes pension plans tha<span class=\"_ _0\"></span>t are fully b<span class=\"_ _0\"></span>ased on deferred compensation mod<span class=\"ws1\">-</span>els. <span class=\"_ _2\"></span>\ue618e bene\ue615ts accrued under these plans ar<span class=\"_ _0\"></span>e based on the annually def<span class=\"_ _0\"></span>erred compensation amount of ea<span class=\"_ _0\"></span>ch bene\ue615ciary converte<span class=\"_ _0\"></span>d into pension entitlements and in some cases additionally considering a pre-determine<span class=\"_ _0\"></span>d annual incre<span class=\"_ _0\"></span>ase of those entitlements.For<span class=\"_ _2\"></span> HealthCare IT<span class=\"_ _0\"></span> employees,<span class=\"_ _2\"></span> there are pension plans managed b<span class=\"_ _0\"></span>y di\ue614erent e<span class=\"_ _0\"></span>xternal funds (P<span class=\"_ _0\"></span>ensionskassen).<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ese plans are mainly \ue615nance<span class=\"_ _0\"></span>d by deferre<span class=\"_ _0\"></span>d compensation models and are accounte<span class=\"_ _0\"></span>d for as de\ue615ned contribution pl<span class=\"_ _0\"></span>ans. Additionally<span class=\"_ _1\"></span>, top management of A<span class=\"_ _0\"></span>gfa HealthCar<span class=\"_ _0\"></span>e IT<span class=\"_ _0\"></span> in Germany is pr<span class=\"_ _0\"></span>ovided <span class=\"_ _0\"></span>with a salary rel<span class=\"_ _0\"></span>ated pension scheme<span class=\"_ _0\"></span>, processe<span class=\"_ _0\"></span>d by a con<span class=\"ws1\">-</span>gruently funded multi-emplo<span class=\"_ _0\"></span>yer pl<span class=\"_ _0\"></span>an (kongruent r<span class=\"_ _0\"></span>\u00fcckgedeck<span class=\"_ _0\"></span>te Unterst\u00fctzungskasse<span class=\"_ _2\"></span>).\ue618e di\ue614erent de\ue615ned r<span class=\"_ _0\"></span>etirement bene\ue615t plans expose the Comp<span class=\"_ _0\"></span>any to a<span class=\"_ _0\"></span>ctuarial risks such as inter<span class=\"_ _0\"></span>est rate risk,<span class=\"_ _2\"></span> pension indexation risk<span class=\"_ _0\"></span> and longevity<span class=\"_ _0\"></span> risk.\ue618e expense for<span class=\"_ _0\"></span> the German de\ue615ned contribution plans is included in the amount disclosed in N<span class=\"_ _0\"></span>ote 13.1 with r<span class=\"_ _0\"></span>egard to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries.(1) \u2018C<span class=\"_ _0\"></span>ontributions\u2019<span class=\"_ _0\"></span> in this context means a calculation b<span class=\"_ _0\"></span>ase which is used to \ue615nally determine the pension entitlements.UKAs from 2010<span class=\"_ _0\"></span>, the A<span class=\"_ _0\"></span>gfa UK P<span class=\"_ _0\"></span>ension Plan has been fully close<span class=\"_ _0\"></span>d. As fr<span class=\"_ _0\"></span>om 2022,<span class=\"_ _0\"></span> its participa<span class=\"_ _0\"></span>ting employer<span class=\"_ _2\"></span> is limited to Ag<span class=\"ws1\">-</span>fa-Gev<span class=\"_ _0\"></span>aert NV (prev<span class=\"_ _0\"></span>iously also Agf<span class=\"_ _0\"></span>a HealthCar<span class=\"_ _0\"></span>e UK Ltd and Agfa Gr<span class=\"_ _2\"></span>aphics Ltd). \ue618e plan members ar<span class=\"_ _0\"></span>e eligible for<span class=\"_ _0\"></span> a bene\ue615t based on a \ue615nal a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span> formula. Fr<span class=\"_ _0\"></span>om the age of 55, bene\ue615ts a<span class=\"_ _0\"></span>ccrued under<span class=\"_ _0\"></span> this plan can be paid partly in cash <span class=\"_ _0\"></span>with the remainder<span class=\"_ _0\"></span> paid in monthly pa<span class=\"_ _0\"></span>yments.If the bene\ue615t is taken before the norm<span class=\"_ _0\"></span>al retirement age of 65 ther<span class=\"_ _0\"></span>e is an actuarial re<span class=\"_ _0\"></span>duction of the bene\ue615t\u2019<span class=\"_ _2\"></span>s v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>.Deferred plan members ar<span class=\"_ _0\"></span>e entitled to an in\ue617ation incre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>, based on <span class=\"_ _0\"></span>CPI (Consumer P<span class=\"_ _0\"></span>rice Index), of their<span class=\"_ _0\"></span> accrued bene\ue615ts until retirement p<span class=\"_ _0\"></span>ayments are tak<span class=\"_ _0\"></span>en.P<span class=\"_ _0\"></span>ension payment incr<span class=\"_ _0\"></span>eases are g<span class=\"_ _0\"></span>enerally <span class=\"_ _0\"></span>in line with RPI (Retail Price Inde<span class=\"_ _0\"></span>x) with a minimum incre<span class=\"_ _2\"></span>ase of<span class=\"_ _22\"></span> 3% and a maxi<span class=\"ws1\">-</span>mum increase of 5%.<span class=\"_ _0\"></span> Next to in\ue617ation risk,<span class=\"_ _0\"></span> the fro<span class=\"_ _0\"></span>zen de\ue615ned bene\ue615t plan exposes the C<span class=\"_ _0\"></span>ompany to a<span class=\"_ _0\"></span>ctuarial risks such as inves<span class=\"_ _0\"></span>tment risk, interest r<span class=\"_ _2\"></span>ate risk and longevity<span class=\"_ _0\"></span> risk.\ue618e de\ue615ned bene\ue615t plan is go<span class=\"_ _0\"></span>verned by a bene\ue615t tr<span class=\"_ _0\"></span>ust whose decision making body<span class=\"_ _0\"></span> is a Board of <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>rustees. \ue618ey<span class=\"_ _0\"></span> have a \ue615duciary duty to act solely in the bes<span class=\"_ _0\"></span>t interests of the bene\ue615ciaries accor<span class=\"_ _0\"></span>ding to the trust rules and UK la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>.In 2021,<span class=\"_ _0\"></span> the Agfa UK P<span class=\"_ _2\"></span>ension Plan entered into an annuity buy<span class=\"_ _2\"></span>-in contract backing 7<span class=\"_ _0\"></span>0% of the pensioner liabilities of the plan. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o support this de-risking activity<span class=\"_ _0\"></span> the Group made a contribution of 90 million P<span class=\"_ _2\"></span>ound Sterling (105 million Euro) to the plan in 2021,<span class=\"_ _2\"></span> e\ue614ectively bringing forw<span class=\"_ _0\"></span>ard the contributions expected under<span class=\"_ _2\"></span> the agreement with the trustees.<span class=\"_ _0\"></span> In 2022,<span class=\"_ _0\"></span> the Agfa UK P<span class=\"_ _2\"></span>ension Plan entered into a second annuity buy<span class=\"_ _0\"></span>-in contra<span class=\"_ _0\"></span>ct covering the lia<span class=\"_ _0\"></span>bilities of the remaining pension<span class=\"ws1\">-</span>ers and substantially all deferr<span class=\"_ _0\"></span>ed members. <span class=\"_ _2\"></span>\ue618e liabilities in respect of plan members with small pensions,<span class=\"_ _2\"></span> whose bene\ue615ts are expected to be p<span class=\"_ _0\"></span>aid out as a lump sum as in due course remain uninsur<span class=\"_ _0\"></span>ed.\ue618e required f<span class=\"_ _0\"></span>unding is determined by a fundin<span class=\"_ _0\"></span>g v<span class=\"_ _0\"></span>aluation carried out every three <span class=\"_ _0\"></span>years b<span class=\"_ _0\"></span>ased on legal requir<span class=\"_ _0\"></span>ements and funding v<span class=\"_ _2\"></span>aluation assumptions that meet the UK regula<span class=\"_ _0\"></span>tory body\u2019<span class=\"_ _2\"></span>s current requir<span class=\"_ _0\"></span>ements and are also agreed betw<span class=\"_ _0\"></span>een the Compan<span class=\"_ _0\"></span>y and the <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>rustees. <span class=\"_ _2\"></span>\ue618e last full actuarial v<span class=\"_ _2\"></span>aluation was undertak<span class=\"_ _0\"></span>en in April 2021,<span class=\"_ _2\"></span> following the pay<span class=\"_ _0\"></span>ment of the aforementioned 90 million P<span class=\"_ _2\"></span>ound Sterling by the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e funding position in April 2021 show<span class=\"_ _0\"></span>ed that the Plan h<span class=\"_ _0\"></span>ad a funding surplus re<span class=\"_ _0\"></span>lative to the Plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>s statutory funding objective end projections since this data sho<span class=\"_ _0\"></span>ws that this remains the case.<span class=\"_ _2\"></span> \ue618erefor<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> no further de\ue615cit r<span class=\"_ _0\"></span>eduction contributions are r<span class=\"_ _0\"></span>equired as part of the March 31,<span class=\"_ _2\"></span> 2021 actuarial v<span class=\"_ _0\"></span>aluation.<span class=\"_ _0\"></span> \ue618ere w<span class=\"_ _2\"></span>as a valuation update on Mar<span class=\"_ _0\"></span>ch 31, 20<span class=\"_ _0\"></span>22 and a further<span class=\"_ _0\"></span> annual update will be due as a<span class=\"_ _0\"></span>t March 31, 2<span class=\"_ _0\"></span>023.<span class=\"_ _0\"></span> \ue618e ne<span class=\"_ _0\"></span>xt full valu<span class=\"_ _0\"></span>ation will be undertak<span class=\"_ _0\"></span>en as at March 31,<span class=\"_ _0\"></span> 2024.<span class=\"_ _0\"></span>  Follo<span class=\"_ _0\"></span>wing the lates<span class=\"_ _0\"></span>t valu<span class=\"_ _0\"></span>ation update on March 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, the Scheme Actuary con\ue615rmed that no member<span class=\"_ _0\"></span> contributions or sponsor<span class=\"_ _2\"></span> contributions for new bene\ue615ts are due to be paid to the Pl<span class=\"_ _0\"></span>an.USAs from 2009,<span class=\"_ _0\"></span> the Agfa Corpor<span class=\"_ _2\"></span>ation Pension Plan has been f<span class=\"_ _0\"></span>ully closed. <span class=\"_ _0\"></span>Agfa Corpor<span class=\"_ _0\"></span>ation, <span class=\"_ _0\"></span>Agfa He<span class=\"_ _0\"></span>althCare Corpor<span class=\"_ _0\"></span>ation, Agfa Materials C<span class=\"_ _0\"></span>orporation,<span class=\"_ _0\"></span> Agf<span class=\"_ _0\"></span>a Finance Corpora<span class=\"_ _0\"></span>tion and Agfa US Corpor<span class=\"_ _2\"></span>ation are participating emplo<span class=\"_ _0\"></span>yers in this pen<span class=\"ws1\">-</span>sion plan.\ue618e plan participants ar<span class=\"_ _0\"></span>e eligible for<span class=\"_ _0\"></span> a bene\ue615t based on a \ue615nal a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e pay f<span class=\"_ _0\"></span>ormula. <span class=\"_ _2\"></span>\ue618is frozen de\ue615ned bene\ue615t plan e<span class=\"_ _0\"></span>xposes the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o actuarial risks s<span class=\"_ _0\"></span>uch as investment risk,<span class=\"_ _2\"></span> interest rate risk and lon<span class=\"_ _0\"></span>gevity risk.\ue618e de\ue615ned bene\ue615t plan assets ar<span class=\"_ _0\"></span>e held in a trust. <span class=\"_ _2\"></span>\ue618e Board of Directors of <span class=\"_ _0\"></span>Agfa Corpor<span class=\"_ _0\"></span>ation, the pl<span class=\"_ _0\"></span>an sponsor<span class=\"_ _2\"></span>, delegate inves<span class=\"_ _0\"></span>tment decisions and oversight of the plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>s assets to a local investment committee<span class=\"_ _0\"></span>, the Bene\ue615ts Plan In<span class=\"_ _0\"></span>vestment Committee (BPIC). <span class=\"_ _2\"></span>\ue618e BPIC members have a \ue615duciary duty to act sole<span class=\"_ _0\"></span>ly in the best interests of the bene\ue615ciaries accor<span class=\"_ _2\"></span>ding to the trust agreement and US la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e legal and regulatory framew<span class=\"_ _0\"></span>ork for<span class=\"_ _0\"></span> the plan is based on the applicable US legisl<span class=\"_ _0\"></span>ation Employee Retir<span class=\"_ _0\"></span>ement Income Security Act (ERIS<span class=\"_ _0\"></span>A). Based on this legisl<span class=\"_ _0\"></span>ation a funding v<span class=\"_ _2\"></span>aluation is prepared annually<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> \ue618e plan sponsor and p<span class=\"_ _0\"></span>articipating emplo<span class=\"_ _0\"></span>yers contribute such amounts as are deeme<span class=\"_ _0\"></span>d necessary on an actuarial basis to prov<span class=\"_ _0\"></span>ide su\ue616cient funds to meet the bene\ue615ts to be paid to plan members.<span class=\"_ _0\"></span> Minimum contributions are base<span class=\"_ _0\"></span>d on the require<span class=\"ws1\">-</span>ments prescribed by<span class=\"_ _0\"></span> the provisions of the Emplo<span class=\"_ _0\"></span>yee Retirement Income Securit<span class=\"_ _0\"></span>y Act (ERISA) of 19<span class=\"_ _0\"></span>74 and the P<span class=\"_ _2\"></span>ension Protection Act of 2006 (PP<span class=\"_ _1\"></span>A). Pursuant to the PP<span class=\"_ _2\"></span>A,<span class=\"_ _0\"></span> each y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> the actuary is require<span class=\"_ _0\"></span>d to certify the plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s funded percentag<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _3\"></span> \ue618e 2022 f<span class=\"_ _0\"></span>unding percentage is 109.<span class=\"_ _0\"></span>97% (20<span class=\"_ _0\"></span>21: 102.<span class=\"_ _0\"></span>91%) and was certi\ue615e<span class=\"_ _0\"></span>d in March 20<span class=\"_ _0\"></span>23.13.2.3 Evolution net de\ue61fned bene\ue61ft liability and its components\ue618e followin<span class=\"_ _0\"></span>g three tables show<span class=\"_ _0\"></span> a reconciliation from <span class=\"_ _0\"></span>the opening balances to the closing b<span class=\"_ _0\"></span>alances for<span class=\"_ _0\"></span> the net de\ue615ned bene\ue615t liability and its components.Evolution net de\ue61fned bene\ue61ft liability during 2021 and 2022\ue61f\ue61e\ue61f\ue61d<span class=\"_ _235\"> </span><span class=\"ffc\">2022</span>Retirement plans Belgian DC-plans  Retirement plans Belgian DC-plans (excl. Belgian  with return  TOT<span class=\"_ _0\"></span>AL(excl. Belgian  with return  TOT<span class=\"_ _0\"></span>ALMILLION EURODC-plans)guaranteed by lawDC-plans)guaranteed by lawNet liability at January 1<span class=\"_ _14f\"> </span>900<span class=\"_ _14b\"> </span>9<span class=\"_ _184\"> </span>909<span class=\"_ _236\"> </span>670<span class=\"_ _f8\"> </span>5<span class=\"_ _237\"> </span>674De\ue614ned bene\ue614t cost included in pro\ue614t or loss<span class=\"_ _156\"> </span>\ue61a\ue61f<span class=\"_ _f8\"> </span>\ue61b<span class=\"_ _233\"> </span>\ue616\ue61d<span class=\"_ _1da\"> </span>\ue61f\ue61c<span class=\"_ _1a2\"> </span>\ue61d\ue618<span class=\"_ _233\"> </span>\ue616\ue616T<span class=\"_ _2\"></span>otal remeasurements included in OCI<span class=\"_ _a8\"> </span>(\ue61c\ue61c)<span class=\"_ _156\"> </span>(\ue617)<span class=\"_ _50\"> </span>(\ue61b\ue616)<span class=\"_ _ee\"> </span>(\ue61d\ue618\ue61e)<span class=\"_ _f8\"> </span>\ue618<span class=\"_ _ae\"> </span>(\ue61d\ue616\ue618)Net transfer in/(out), including impact of  -<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _41\"> </span>(\ue61f)<span class=\"_ _b2\"> </span>-<span class=\"_ _96\"> </span>(\ue61f)business combinations and divestituresCash \ue613ows\ue610Employer contributions<span class=\"_ _1f5\"> </span>(\ue61d\ue61a\ue61c)<span class=\"_ _18c\"> </span>(\ue61c)<span class=\"_ _8d\"> </span>(\ue61d\ue616\ue617)<span class=\"_ _95\"> </span>(\ue61d\ue617)<span class=\"_ _147\"> </span>(\ue61d\ue618)<span class=\"_ _50\"> </span>(\ue61a\ue61d)\ue610Bene\ue614ts paid directly by the company<span class=\"_ _16d\"> </span>(\ue616\ue61e)<span class=\"_ _b2\"> </span>-<span class=\"_ _50\"> </span>(\ue616\ue61e)<span class=\"_ _95\"> </span>(\ue61a\ue61b)<span class=\"_ _b2\"> </span>-<span class=\"_ _50\"> </span>(\ue61a\ue61b)Currency e\ue615ects: charge (or credit)<span class=\"_ _dd\"> </span>\ue616<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>\ue616<span class=\"_ _f9\"> </span>\ue61f<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>\ue61fNet liability at December 31<span class=\"_ _be\"> </span>670<span class=\"_ _f8\"> </span>5<span class=\"_ _237\"> </span>674<span class=\"_ _236\"> </span>493<span class=\"_ _13c\"> </span>10<span class=\"_ _237\"> </span>503\ue618e employer<span class=\"_ _2\"></span> contributions for 2021 w<span class=\"_ _0\"></span>ere impacte<span class=\"_ _0\"></span>d by one-time pa<span class=\"_ _0\"></span>yments for<span class=\"_ _0\"></span> the UK (105 million Euro in 20<span class=\"_ _2\"></span>21) and <span class=\"_ _24\"></span><span class=\"ws1\"> </span>Belgium (9 million Euro in 2<span class=\"_ _0\"></span>021).\ue618e net transfer<span class=\"_ _2\"></span> out relates to the outsourcing of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Information and C<span class=\"_ _0\"></span>ommunications Services (including trans<span class=\"ws1\">-</span>ferring employ<span class=\"_ _0\"></span>ees and the associated pension liabilities<span class=\"_ _0\"></span>) to Atos durin<span class=\"_ _0\"></span>g 2022.De\ue61fned bene\ue61ft costs for 2021 and 2022\ue61f\ue61e\ue61f\ue61d<span class=\"_ _235\"> </span><span class=\"ffc\">2022</span>Retirement plans Retirement plans (excl. Belgian  Belgian DC-plans<span class=\"_ _186\"> </span><span class=\"ls4 ws5\">TOTAL</span>(excl. Belgian  Belgian DC-plans<span class=\"_ _186\"> </span><span class=\"ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>MILLION EURODC-plans)DC-plans)Service costService cost, exclusive of employee contributions<span class=\"_ _41\"> </span><span class=\"ls1\">\ue61f\ue61a<span class=\"_ _f8\"> </span>\ue61b<span class=\"_ _233\"> </span>\ue61a\ue61f<span class=\"_ _1da\"> </span>\ue61d\ue61c<span class=\"_ _1a2\"> </span>\ue61d\ue618<span class=\"_ _233\"> </span>\ue61a\ue61a</span>Past service cost<span class=\"_ _239\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-(Gain) loss on settlements<span class=\"_ _23a\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-T<span class=\"_ _2\"></span>otal service cost<span class=\"_ _23b\"> </span>23<span class=\"_ _f8\"> </span>9<span class=\"_ _233\"> </span>32<span class=\"_ _1da\"> </span>18<span class=\"_ _1a2\"> </span>15<span class=\"_ _233\"> </span>33Net interest costInterest expense on DBO<span class=\"_ _1c2\"> </span>\ue61f\ue61e<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _233\"> </span>\ue61f\ue61f<span class=\"_ _23c\"> </span>\ue61f\ue618<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _233\"> </span>\ue61f\ue619Interest (income) on plan assets<span class=\"_ _ef\"> </span>(\ue61d\ue61a)<span class=\"_ _156\"> </span>(\ue61f)<span class=\"_ _50\"> </span>(\ue61d\ue616)<span class=\"_ _31\"> </span>(\ue61d\ue619)<span class=\"_ _156\"> </span>(\ue61f)<span class=\"_ _50\"> </span>(\ue61f\ue61e)T<span class=\"_ _2\"></span>otal net interest cost<span class=\"_ _23d\"> </span>7<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>7<span class=\"_ _f9\"> </span>8<span class=\"_ _b2\"> </span>-<span class=\"_ _23e\"> </span>7Administrative expenses and taxes<span class=\"_ _dd\"> </span>\ue61f<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>\ue61f<span class=\"_ _f9\"> </span>\ue61f<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>\ue61aDEFINED BENEFIT COST INCLUDED  32<span class=\"_ _f8\"> </span>9<span class=\"_ _233\"> </span>41<span class=\"_ _1da\"> </span>28<span class=\"_ _1a2\"> </span>15<span class=\"_ _233\"> </span>44IN PROFIT OR LOSSActuarial losses (gains)Experience losses (gains) on plan liabilities<span class=\"_ _23f\"> </span>(\ue61f\ue61d)<span class=\"_ _18c\"> </span>(\ue616)<span class=\"_ _91\"> </span>(\ue61f\ue618)<span class=\"_ _1da\"> </span>\ue616\ue618<span class=\"_ _147\"> </span>(\ue61d\ue616)<span class=\"_ _233\"> </span>\ue61a\ue61dDemographic assumptions<span class=\"_ _3e\"> </span>(\ue61a)<span class=\"_ _b2\"> </span>-<span class=\"_ _96\"> </span>(\ue61a)<span class=\"_ _12b\"> </span>-<span class=\"_ _f8\"> </span>\ue61d<span class=\"_ _238\"> </span>\ue61dFinancial assumptions<span class=\"_ _240\"> </span>(\ue619\ue619)<span class=\"_ _18c\"> </span>(\ue617)<span class=\"_ _91\"> </span>(\ue61c\ue61a)<span class=\"_ _ee\"> </span>(\ue616\ue617\ue61a)<span class=\"_ _39\"> </span>(\ue61a\ue619)<span class=\"_ _9a\"> </span>(\ue618\ue61e\ue61e)Return on plan assets excl. Interest income<span class=\"_ _241\"> </span>\ue61d\ue61a<span class=\"_ _f8\"> </span>\ue616<span class=\"_ _233\"> </span>\ue61d\ue619<span class=\"_ _236\"> </span>\ue61f\ue617\ue61c<span class=\"_ _13c\"> </span>\ue618\ue617<span class=\"_ _237\"> </span>\ue61a\ue61f\ue61aT<span class=\"_ _2\"></span>otal remeasurements included in OCI<span class=\"_ _eb\"> </span>(88)<span class=\"_ _bc\"> </span>(6)<span class=\"_ _57\"> </span>(94)<span class=\"_ _33\"> </span>(150)<span class=\"_ _f8\"> </span>5<span class=\"_ _99\"> </span>(145)TOT<span class=\"_ _2\"></span>AL DEFINED BENEFIT COST RECOGNIZED <span class=\"ls1\"> </span>(57)<span class=\"_ _f8\"> </span>4<span class=\"_ _a0\"> </span>(53)<span class=\"_ _33\"> </span>(122)<span class=\"_ _13c\"> </span>20<span class=\"_ _99\"> </span>(102)IN PROFIT OR LOSS AND OCI\ue618e total de\ue615ned bene\ue615t credit r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss and Other Comprehensiv<span class=\"_ _0\"></span>e Income (OCI) for<span class=\"_ _0\"></span> 2022 for<span class=\"_ _2\"></span> the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s material countries amounted to 10<span class=\"_ _2\"></span>2 million Euro (2021: cre<span class=\"_ _0\"></span>dit of 53 million Euro<span class=\"_ _0\"></span>). Of this amount, 44 million E<span class=\"_ _0\"></span>uro expense is <span class=\"_ _0\"></span>re\ue617<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span> Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>s Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Statement of Pr<span class=\"_ _0\"></span>o\ue615t or Loss ov<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>022 (20<span class=\"_ _0\"></span>21: 41 million Euro e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e balance<span class=\"_ _0\"></span>, being a credit of 145 million E<span class=\"_ _0\"></span>uro for<span class=\"_ _0\"></span> 2022 (<span class=\"_ _2\"></span>a credit of 94 million Euro for<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>) is re\ue617ected in OCI under<span class=\"_ _0\"></span> \u2018Reme<span class=\"_ _2\"></span>asurements of the net de\ue615ned bene\ue615t liability\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618ese remeasurements origina<span class=\"_ _0\"></span>te from experience gains on pl<span class=\"_ _0\"></span>an liabilities, chan<span class=\"_ _0\"></span>ges in demographic and \ue615nanci<span class=\"_ _0\"></span>al assumptions as well as fr<span class=\"_ _0\"></span>om experience adjustments on the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of assets. <span class=\"_ _0\"></span>\ue618e gains due to changes in \ue615nanci<span class=\"_ _0\"></span>al assumptions in 202<span class=\"_ _0\"></span>2 are principally due to the incr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ate over<span class=\"_ _2\"></span> the year<span class=\"_ _2\"></span>. Evolution de\ue61fned bene\ue61ft obligation, fair value of assets and funded status during 2021 and 2022\ue618e de\ue615ned bene\ue615t obligation,<span class=\"_ _0\"></span> plan assets and funded status f<span class=\"_ _0\"></span>or the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries are shown belo<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _242\"> </span><span class=\"ffc\">2022</span>Retirement plans Belgian DC-plans  Retirement plans Belgian DC-plans (excl. Belgian  with return  TOT<span class=\"_ _0\"></span>AL(excl. Belgian  with return  TOT<span class=\"_ _0\"></span>ALMILLION EURODC-plans)guaranteed by lawDC-plans)guaranteed by lawChange in de\ue615ned bene\ue615t obligationDe\ue614ned bene\ue614t obligation at January \ue61d<span class=\"_ _d6\"> </span>\ue61d,\ue61c\ue617\ue61a<span class=\"_ _1a5\"> </span>\ue61d\ue61b\ue61c<span class=\"_ _8d\"> </span>\ue61f,\ue61e\ue617\ue61d<span class=\"_ _ee\"> </span>\ue61d,\ue619\ue617\ue619<span class=\"_ _1a5\"> </span>\ue61d\ue61b\ue61d<span class=\"_ _af\"> </span>\ue61d,\ue61b\ue618\ue61bService costCurrent service cost, exclusive of employee \ue61f\ue61a<span class=\"_ _f8\"> </span>\ue61b<span class=\"_ _233\"> </span>\ue61a\ue61f<span class=\"_ _1da\"> </span>\ue61d\ue61c<span class=\"_ _1a2\"> </span>\ue61d\ue618<span class=\"_ _243\"> </span>\ue61a\ue61acontributionsPast service cost<span class=\"_ _239\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-(Gain)/loss on settlements<span class=\"_ _1f6\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Interest expense<span class=\"_ _244\"> </span>\ue61f\ue61e<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _233\"> </span>\ue61f\ue61f<span class=\"_ _1da\"> </span>\ue61f\ue618<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _cb\"> </span>\ue61f\ue619Cash \ue613owsBene\ue614t payments<span class=\"_ _ba\"> </span>(\ue619\ue61b)<span class=\"_ _156\"> </span>(\ue61c)<span class=\"_ _50\"> </span>(\ue61c\ue619)<span class=\"_ _31\"> </span>(\ue61b\ue61f)<span class=\"_ _147\"> </span>(\ue61d\ue617)<span class=\"_ _af\"> </span>(\ue61d\ue61e\ue61c)Employee contributions<span class=\"_ _b8\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _18c\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Premiums Paid<span class=\"_ _245\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Increase (decrease) due to transfers, including -<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _31\"> </span>(\ue61d\ue618)<span class=\"_ _18c\"> </span>(\ue61c)<span class=\"_ _25\"> </span>(\ue61f\ue61a)impact of business combinations and divestituresRemeasurementsE\ue615ect of changes in demographic assumptions<span class=\"_ _41\"> </span>(\ue61a)<span class=\"_ _b2\"> </span>-<span class=\"_ _96\"> </span>(\ue61a)<span class=\"_ _12b\"> </span>-<span class=\"_ _f8\"> </span>\ue61d<span class=\"_ _2e\"> </span>\ue61dE\ue615ect of changes in \ue614nancial assumptions<span class=\"_ _1a6\"> </span>(\ue619\ue619)<span class=\"_ _18c\"> </span>(\ue617)<span class=\"_ _50\"> </span>(\ue61c\ue61a)<span class=\"_ _ee\"> </span>(\ue616\ue617\ue61a)<span class=\"_ _147\"> </span>(\ue61a\ue619)<span class=\"_ _af\"> </span>(\ue618\ue61e\ue61e)E\ue615ect of experience adjustments<span class=\"_ _ef\"> </span>(\ue61f\ue61d)<span class=\"_ _18c\"> </span>(\ue616)<span class=\"_ _91\"> </span>(\ue61f\ue618)<span class=\"_ _1da\"> </span>\ue616\ue618<span class=\"_ _147\"> </span>(\ue61d\ue616)<span class=\"_ _cb\"> </span>\ue61a\ue61dCurrency e\ue615ects: charge (or credit)<span class=\"_ _97\"> </span>\ue616\ue61f<span class=\"_ _b2\"> </span>-<span class=\"_ _233\"> </span>\ue616\ue61f<span class=\"_ _31\"> </span>(\ue61d\ue618)<span class=\"_ _b2\"> </span>-<span class=\"_ _25\"> </span>(\ue61d\ue618)De\ue615ned bene\ue615t obligation at December 31<span class=\"_ _246\"> </span>1,767<span class=\"_ _1a5\"> </span>191<span class=\"_ _8d\"> </span>1,959<span class=\"_ _ee\"> </span>1,270<span class=\"_ _1a5\"> </span>134<span class=\"_ _af\"> </span>1,404Change in plan assetsF<span class=\"_ _2\"></span>air value of assets at January \ue61d<span class=\"_ _c8\"> </span>\ue61b\ue617\ue61a<span class=\"_ _1a5\"> </span>\ue61d\ue61c\ue61b<span class=\"_ _8d\"> </span>\ue61d,\ue61d\ue618\ue61f<span class=\"_ _ee\"> </span>\ue61d,\ue61e\ue61b\ue61c<span class=\"_ _1a5\"> </span>\ue61d\ue61c\ue619<span class=\"_ _af\"> </span>\ue61d,\ue61f\ue61c\ue616Interest income<span class=\"_ _247\"> </span>\ue61d\ue61a<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _233\"> </span>\ue61d\ue616<span class=\"_ _1da\"> </span>\ue61d\ue619<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _cb\"> </span>\ue61f\ue61eEmployer contributions<span class=\"_ _a7\"> </span>\ue61d\ue619\ue61c<span class=\"_ _f8\"> </span>\ue61c<span class=\"_ _237\"> </span>\ue61d\ue61c\ue617<span class=\"_ _1da\"> </span>\ue618\ue618<span class=\"_ _13c\"> </span>\ue61d\ue618<span class=\"_ _cb\"> </span>\ue619\ue61eEmployee contributions<span class=\"_ _b8\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _18c\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Bene\ue614t payments<span class=\"_ _ba\"> </span>(\ue619\ue61b)<span class=\"_ _156\"> </span>(\ue61c)<span class=\"_ _50\"> </span>(\ue61c\ue619)<span class=\"_ _31\"> </span>(\ue61b\ue61f)<span class=\"_ _147\"> </span>(\ue61d\ue617)<span class=\"_ _af\"> </span>(\ue61d\ue61e\ue61c)Administrative expenses and taxes<span class=\"_ _ed\"> </span>(\ue61f)<span class=\"_ _241\"> </span>-<span class=\"_ _96\"> </span>(\ue61f)<span class=\"_ _41\"> </span>(\ue61f)<span class=\"_ _b2\"> </span>-<span class=\"_ _248\"> </span>(\ue61a)Premiums Paid<span class=\"_ _245\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Increase (decrease) due to transfers, including -<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _31\"> </span>(\ue61d\ue616)<span class=\"_ _18c\"> </span>(\ue61c)<span class=\"_ _25\"> </span>(\ue61f\ue61f)impact of business combinations and divestituresReturn on plan assets  (\ue61d\ue61a)<span class=\"_ _18c\"> </span>(\ue616)<span class=\"_ _91\"> </span>(\ue61d\ue619)<span class=\"_ _ee\"> </span>(\ue61f\ue617\ue61c)<span class=\"_ _39\"> </span>(\ue618\ue617)<span class=\"_ _af\"> </span>(\ue61a\ue61f\ue61a)(excluding interest income)Currency e\ue615ects: (charge) or credit<span class=\"_ _97\"> </span>\ue61a\ue61c<span class=\"_ _b2\"> </span>-<span class=\"_ _233\"> </span>\ue61a\ue61c<span class=\"_ _31\"> </span>(\ue61d\ue619)<span class=\"_ _b2\"> </span>-<span class=\"_ _25\"> </span>(\ue61d\ue619)Fair value of assets at December 31<span class=\"_ _94\"> </span>1,098<span class=\"_ _1a5\"> </span>187<span class=\"_ _8d\"> </span>1,284<span class=\"_ _236\"> </span>777<span class=\"_ _c6\"> </span>124<span class=\"_ _1bc\"> </span>901Funded status at December 31Funded status<span class=\"_ _249\"> </span>\ue617\ue619\ue61e<span class=\"_ _f8\"> </span>\ue618<span class=\"_ _237\"> </span>\ue617\ue619\ue616<span class=\"_ _236\"> </span>\ue616\ue61b\ue61a<span class=\"_ _1a2\"> </span>\ue61d\ue61e<span class=\"_ _1bc\"> </span>\ue618\ue61e\ue61aE\ue615ect of asset ceiling/onerous liability<span class=\"_ _24a\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Net liability (asset) at December 31<span class=\"_ _f4\"> </span>670<span class=\"_ _f8\"> </span>5<span class=\"_ _237\"> </span>674<span class=\"_ _236\"> </span>493<span class=\"_ _1a2\"> </span>10<span class=\"_ _1bc\"> </span>503At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the total de\ue615ned bene\ue615t <span class=\"_ _0\"></span>obligation for<span class=\"_ _0\"></span> the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries, e<span class=\"_ _0\"></span>xcluding de\ue615ned contribu<span class=\"ws1\">-</span>tion plans with r<span class=\"_ _0\"></span>eturn guarantee<span class=\"_ _0\"></span>d by la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>, amounted to 1,2<span class=\"_ _0\"></span>70 million Eur<span class=\"_ _0\"></span>o (1,<span class=\"_ _0\"></span>767 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21). Of this amount, 789 million Eur<span class=\"_ _0\"></span>o (1,088 million Eur<span class=\"_ _0\"></span>o at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21) is rela<span class=\"_ _0\"></span>ted to wholly or<span class=\"_ _2\"></span> partly funded plans and 481 million Euro (<span class=\"_ _0\"></span>679 million Eur<span class=\"_ _0\"></span>o at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21) is rela<span class=\"_ _0\"></span>ted to unfunded plans.<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the \ue615nancin<span class=\"_ _0\"></span>g de\ue615cit for the Belgi<span class=\"_ _0\"></span>an de\ue615ned contribution plans with gu<span class=\"_ _0\"></span>aranteed r<span class=\"_ _0\"></span>eturn amounted to 10 million Euro (5 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21). <span class=\"_ _2\"></span>\ue618e net pension liability for<span class=\"_ _0\"></span> these plans is calculated as the di\ue614er<span class=\"_ _2\"></span><span class=\"ws1\">-</span>ence between the present <span class=\"_ _0\"></span>value of the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation (DBO) amounting to 134 million E<span class=\"_ _0\"></span>uro (191 million Eur<span class=\"_ _0\"></span>o at December 31,<span class=\"_ _2\"></span> 2021) and the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the plan assets amounting to 124 million Euro (18<span class=\"_ _0\"></span>7 million Euro at December<span class=\"_ _2\"></span> 31, 20<span class=\"_ _0\"></span>21). 13.2.4 De\ue61fned bene\ue61ft obligation - Principal actuarial assumptions at the reporting date\ue618e liabilities and de\ue615ned bene\ue615ts cost of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s retir<span class=\"_ _0\"></span>ement plans are determined using a<span class=\"_ _0\"></span>ctuarial v<span class=\"_ _0\"></span>aluations that involv<span class=\"_ _0\"></span>e sever<span class=\"_ _0\"></span>al actuarial assumptions.<span class=\"_ _0\"></span> At the end of the r<span class=\"_ _0\"></span>eporting periods 2021 and 20<span class=\"_ _2\"></span>22, the following princip<span class=\"_ _0\"></span>al actuarial assumptions (w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>ages) have been use<span class=\"_ _0\"></span>d:  December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _b2\"> </span><span class=\"ffc\">December 31, 2022</span>Discount rate\ue61d.\ue616\ue61f%<span class=\"_ _24b\"> </span>\ue616.\ue61a\ue61a%Price in\ue613ation\ue61f.\ue61d\ue61c%<span class=\"_ _24b\"> </span>\ue61f.\ue61a\ue617%\ue618e above s<span class=\"_ _0\"></span>tated aver<span class=\"_ _2\"></span>age discount rates and price in\ue617ation r<span class=\"_ _2\"></span>ates have been determined based on the a<span class=\"_ _0\"></span>ctuarial assumptions applied in the di\ue614erent de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries weighte<span class=\"_ _0\"></span>d by the de\ue615ned bene\ue615t obligation of the respective plan.\ue618e weighted a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age price in\ue617ation re<span class=\"_ _0\"></span>lates to Belgium, Germ<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>, and the UK (RPI).<span class=\"_ _2\"></span> In\ue617ation over the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 2022 <span class=\"_ _0\"></span>was in<span class=\"ws1\">-</span>cluded in the base data use<span class=\"_ _0\"></span>d for the actu<span class=\"_ _0\"></span>arial calculations and is theref<span class=\"_ _0\"></span>ore not re\ue617ected in the ev<span class=\"_ _0\"></span>olution of price in\ue617ation compared to l<span class=\"_ _0\"></span>ast ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.\ue618e discount rates use<span class=\"_ _0\"></span>d are determined by r<span class=\"_ _0\"></span>eference to the r<span class=\"_ _0\"></span>ates av<span class=\"_ _2\"></span>ailable on high-quality corpor<span class=\"_ _0\"></span>ate bonds, that h<span class=\"_ _0\"></span>ave a credit r<span class=\"_ _0\"></span>ating of at le<span class=\"_ _0\"></span>ast AA fr<span class=\"_ _0\"></span>om a main ra<span class=\"_ _0\"></span>ting agency<span class=\"_ _2\"></span>, and tha<span class=\"_ _0\"></span>t have m<span class=\"_ _0\"></span>aturity dates appr<span class=\"_ _0\"></span>oximating the terms of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.W<span class=\"_ _2\"></span>eighted average duration\ue618e Group has consistently calcul<span class=\"_ _0\"></span>ated the weighte<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>age dur<span class=\"_ _0\"></span>ation by taking the a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age of the dura<span class=\"_ _0\"></span>tions obtained via sensitivities on the discount r<span class=\"_ _0\"></span>ate for the r<span class=\"_ _0\"></span>etirement plans of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries.<span class=\"_ _2\"></span> At December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the weighted a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e dura<span class=\"_ _0\"></span>tion is 10.3 <span class=\"_ _0\"></span>years (1<span class=\"_ _0\"></span>3.2 ye<span class=\"_ _0\"></span>ars at December 31,<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>). Sensitivity analysis\ue618e followin<span class=\"_ _0\"></span>g information illustr<span class=\"_ _0\"></span>ates the sensitivity<span class=\"_ _0\"></span> to a change as at December<span class=\"_ _2\"></span> 31, 2022 in certain assumptions f<span class=\"_ _0\"></span>or the retirement plans of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries. MILLION EURO<span class=\"_ _194\"> </span><span class=\"ffc\">E\ue612ect on December 31, 2022 De\ue615ned bene\ue615t obligation</span>\ue618\ue61e bp decrease in discount rate<span class=\"_ _24c\"> </span>\ue619\ue61f\ue618\ue61e bp increase in discount rate<span class=\"_ _24d\"> </span>(\ue617\ue617)\ue61f\ue618 bp decrease in price in\ue613ation assumption<span class=\"_ _1ee\"> </span>(\ue61d\ue619)\ue61f\ue618 bp increase in price in\ue613ation assumption<span class=\"_ _24e\"> </span>\ue61d\ue61cChange in mortality table, assuming employees live one year longer<span class=\"_ _24f\"> </span>\ue61a\ue618Change in mortality table, assuming employees live one year shorter<span class=\"_ _142\"> </span>(\ue61a\ue61a)(1)<span class=\"ff1 ws1a0\"> It is assumed that if the in\ue617ation r<span class=\"_ _0\"></span>ate increases / decr<span class=\"_ _0\"></span>eases, then so do other<span class=\"_ _0\"></span> assumptions that ar<span class=\"_ _0\"></span>e linked to the in\ue617ation r<span class=\"_ _0\"></span>ate,<span class=\"_ _0\"></span> such as salary increases and </span>increases to pensions in pa<span class=\"_ _0\"></span>yment. 13.2.5 Plan assetsFair value of assets, split by ma<span class=\"_ _0\"></span>jor asset classFor<span class=\"_ _2\"></span> the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s material countries,<span class=\"_ _0\"></span> plan assets comprise follo<span class=\"_ _0\"></span>wing major<span class=\"_ _2\"></span> asset classes:MILLION EURO<span class=\"_ _133\"> </span>December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _241\"> </span><span class=\"ffc\">December 31, 2022</span>Cash, cash equivalents and other<span class=\"_ _133\"> </span>\ue619\ue618<span class=\"_ _1e5\"> </span>\ue61f\ue61cEquity instruments<span class=\"_ _250\"> </span>\ue61d\ue61f\ue616<span class=\"_ _251\"> </span>\ue61d\ue61f\ue61dDebt instruments<span class=\"_ _252\"> </span>\ue618\ue61c\ue619<span class=\"_ _251\"> </span>\ue61f\ue61b\ue619Investment funds<span class=\"_ _107\"> </span>\ue617\ue61d<span class=\"_ _a7\"> </span>- (\ue61d)Assets held by insurance company\ue616\ue61a\ue619<span class=\"_ _251\"> </span>\ue616\ue618\ue618TOT<span class=\"_ _0\"></span>AL<span class=\"_ _19e\"> </span><span class=\"ls1 ws1\">1,284<span class=\"_ _251\"> </span>901</span>(1) Mainly Belgian DC-plans w<span class=\"_ _0\"></span>ith return guar<span class=\"_ _0\"></span>anteed by law<span class=\"_ _2\"></span>, and the annuity<span class=\"_ _0\"></span> buy-in contr<span class=\"_ _0\"></span>acts in the UK.\ue618e de-risking activity<span class=\"_ _0\"></span> in the UK in 2021 included the pur<span class=\"_ _0\"></span>chase of an annuity buy<span class=\"_ _0\"></span>-in contract b<span class=\"_ _0\"></span>acking 70% of the pensioner<span class=\"_ _0\"></span> liabilities (239 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21), as <span class=\"_ _0\"></span>well as a chang<span class=\"_ _0\"></span>e in the inves<span class=\"_ _0\"></span>tment strategy f<span class=\"_ _0\"></span>or the plan to include LDI inves<span class=\"_ _0\"></span>tment funds to better ma<span class=\"_ _0\"></span>tch the UK<span class=\"_ _0\"></span>-plan liabilities and reduce inter<span class=\"_ _0\"></span>est ra<span class=\"_ _0\"></span>te and in\ue617ation risks.<span class=\"_ _0\"></span> In 2022,<span class=\"_ _0\"></span> the de-risking activity in the UK include<span class=\"_ _0\"></span>d the purchase of an annuity buy<span class=\"_ _0\"></span>-in contra<span class=\"_ _0\"></span>ct such that the buy<span class=\"_ _0\"></span>-in policies held by the UK plan now cov<span class=\"_ _0\"></span>er all pensioner<span class=\"_ _2\"></span> members and substantially all deferred members (319 million Euro at December<span class=\"_ _2\"></span> 31, 2022).For<span class=\"_ _2\"></span> the equity and debt instruments the Group applies a pas<span class=\"_ _0\"></span>sive or semi-p<span class=\"_ _0\"></span>assive manag<span class=\"_ _0\"></span>ement (index tr<span class=\"_ _0\"></span>acking).At 20<span class=\"_ _0\"></span>21 and 2022 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-ends, the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of assets does not comprise equity or debt instruments of the Comp<span class=\"_ _0\"></span>any or<span class=\"_ _2\"></span> its subsidiaries.13.2.6 Expected de\ue61fned bene\ue61ft costs and cash \ue60bows for 2023For<span class=\"_ _2\"></span> 2023, the Gr<span class=\"_ _0\"></span>oup expects for<span class=\"_ _0\"></span> the de\ue615ned bene\ue615t plans of its material countries a total de\ue615ned bene\ue615t cost in pr<span class=\"_ _0\"></span>o\ue615t or loss of 48 million Euro<span class=\"_ _2\"></span>, comprising of 27 million Eur<span class=\"_ _0\"></span>o service cost (of which 1<span class=\"_ _0\"></span>3 million Euro re<span class=\"_ _0\"></span>lated to de\ue615ned contribution plans in Belgium),<span class=\"_ _0\"></span> 2 million Euro adminis<span class=\"_ _0\"></span>trativ<span class=\"_ _0\"></span>e expenses and taxes and 20 million E<span class=\"_ _0\"></span>uro net interest cos<span class=\"_ _0\"></span>ts. During the 202<span class=\"_ _0\"></span>3 \ue615scal year<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup expects to contribute 15 million E<span class=\"_ _0\"></span>uro to its material f<span class=\"_ _0\"></span>unded retirement plans (<span class=\"_ _0\"></span>com<span class=\"ws1\">-</span>pared to 1<span class=\"_ _0\"></span>6 million Euro in 20<span class=\"_ _2\"></span>22). \ue618is amount e<span class=\"_ _0\"></span>xcludes the estimate<span class=\"_ _0\"></span>d contribution payments f<span class=\"_ _0\"></span>or the de\ue615ned contribution plans in Belgium amounting to 15 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>22: 15 million Eur<span class=\"_ _0\"></span>o). <span class=\"_ _0\"></span>Additionally<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup expects to make dir<span class=\"_ _0\"></span>ect bene\ue615t payments totalin<span class=\"_ _0\"></span>g 39 million Euro to bene\ue615ciaries of its ma<span class=\"_ _0\"></span>terial unfunded retir<span class=\"_ _0\"></span>ement plans (compar<span class=\"_ _0\"></span>ed to 39 mil<span class=\"ws1\">-</span>lion Euro in 20<span class=\"_ _2\"></span>22).\ue618e estimated contributions and bene\ue615t p<span class=\"_ _0\"></span>ayments as we<span class=\"_ _0\"></span>ll as the de\ue615ned bene\ue615t cost for<span class=\"_ _0\"></span> the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s de\ue615ned bene\ue615t plans comprise the cash\ue617ows and de\ue615ned bene\ue615t cost f<span class=\"_ _0\"></span>or the O\ue614set Solutions division,<span class=\"_ _2\"></span> estimated to amount for 5 million E<span class=\"_ _0\"></span>uro respectively<span class=\"_ _0\"></span> 3 million Euro on a full y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> basis.\ue67f\ue69d.<span class=\"_ _0\"></span> LONG\ue684<span class=\"_ _2\"></span>TERM TERMINA<span class=\"_ _2\"></span>TION BENEFITSLong-term termination bene\ue615ts result fr<span class=\"_ _0\"></span>om the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s commitment to either termina<span class=\"_ _0\"></span>te the employment before the nor<span class=\"_ _2\"></span><span class=\"ws1\">-</span>mal retirement d<span class=\"_ _0\"></span>ate or pr<span class=\"_ _0\"></span>ovide termina<span class=\"_ _0\"></span>tion bene\ue615ts as a result of an o\ue614er<span class=\"_ _0\"></span> made to encourag<span class=\"_ _0\"></span>e voluntary re<span class=\"_ _0\"></span>dundancy<span class=\"_ _2\"></span>. A<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> long-term termination bene\ue615ts amounted to 5 million Euro (8 million Eur<span class=\"_ _0\"></span>o at December 31,<span class=\"_ _2\"></span> 2021) and mainly rel<span class=\"_ _0\"></span>ate to sever<span class=\"_ _0\"></span>ance payments in connection <span class=\"_ _0\"></span>with early r<span class=\"_ _0\"></span>etirement arr<span class=\"_ _0\"></span>angements with emplo<span class=\"_ _0\"></span>yees of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Belgian entities.\ue67f\ue6a0.<span class=\"_ _0\"></span> SHARE\ue684BASED P<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>YMENT TRANSA<span class=\"_ _0\"></span>CTIONSIn the course of 2020<span class=\"_ _0\"></span>, the Boar<span class=\"_ _2\"></span>d of<span class=\"_ _22\"></span> Directors has appointed Mr<span class=\"_ _2\"></span>. P<span class=\"_ _2\"></span>ascal Ju\u00e9ry as CEO of the Agfa-Gev<span class=\"_ _2\"></span>aert Group and Man<span class=\"ws1\">-</span>aging Director<span class=\"_ _2\"></span>. Mr<span class=\"_ _2\"></span>. Ju\u00e9ry is eligible for<span class=\"_ _0\"></span> a long-term v<span class=\"_ _0\"></span>ariable compensation,<span class=\"_ _0\"></span> embedded in a Stock <span class=\"_ _0\"></span>Appreciation Rights Pl<span class=\"_ _0\"></span>an that can result in an a<span class=\"_ _0\"></span>dditional cash bonus.\ue618e key components of the Stock <span class=\"_ _0\"></span>Appreciation Rights Pl<span class=\"_ _0\"></span>an are the follow<span class=\"_ _0\"></span>ing: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 lsb ws67\">Over<span class=\"_ _2\"></span> a period of<span class=\"_ _22\"></span> \ue615ve ye<span class=\"_ _2\"></span>ars, commencing on Febr<span class=\"_ _0\"></span>uary 1, 20<span class=\"_ _0\"></span>20,<span class=\"_ _0\"></span> Mr<span class=\"_ _2\"></span>. Ju\u00e9ry will annually receiv<span class=\"_ _0\"></span>e 200,<span class=\"_ _2\"></span>000 Stock Appreci<span class=\"ls1 ws1\">-</span></span></span>ation Rights; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws18\">\ue618e strike price for<span class=\"_ _2\"></span> these Stock Appreciation Rights h<span class=\"_ _0\"></span>as been set for the <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> 2020 at 4.<span class=\"_ _0\"></span>75 Eur<span class=\"_ _0\"></span>o (to be adjusted do<span class=\"_ _0\"></span>wnw<span class=\"_ _2\"></span>ards </span></span>for an<span class=\"_ _2\"></span>y dividend distribution). <span class=\"_ _0\"></span>As of 2021, the s<span class=\"_ _0\"></span>trike price is depending on the av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e closing price of the Agfa-Gev<span class=\"_ _2\"></span>aert share during the 30 da<span class=\"_ _0\"></span>ys precedin<span class=\"_ _0\"></span>g the grant date<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618e strike price for<span class=\"_ _2\"></span> this second tranche w<span class=\"_ _0\"></span>as 3.<span class=\"_ _0\"></span>7793 E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, and for<span class=\"_ _2\"></span> the third tr<span class=\"_ _0\"></span>anche w<span class=\"_ _0\"></span>as 3,6 Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the total outs<span class=\"_ _0\"></span>tanding stock appreci<span class=\"_ _0\"></span>ation rights amount to 600,<span class=\"_ _0\"></span>000; 200,<span class=\"_ _0\"></span>000 at strike price of 4.<span class=\"_ _2\"></span>75 Euro<span class=\"_ _0\"></span>, 200<span class=\"_ _0\"></span>,000 at s<span class=\"_ _0\"></span>trike price of 3.<span class=\"_ _2\"></span>7793 Euro and 200<span class=\"_ _0\"></span>,000 at s<span class=\"_ _0\"></span>trike price of 3,6 Eur<span class=\"_ _0\"></span>o;   <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span>\ue618e fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>of the Stock Apprecia<span class=\"_ _0\"></span>tion Rights Plan is calculated usin<span class=\"_ _0\"></span>g a Black &amp; Sholes model <span class=\"_ _0\"></span>with expected lif<span class=\"_ _0\"></span>e of 10 years f<span class=\"_ _0\"></span>or the \ue615rst tw<span class=\"_ _0\"></span>o tranches and <span class=\"_ _0\"></span>with an expected life of \ue615v<span class=\"_ _0\"></span>e years f<span class=\"_ _0\"></span>or the thir<span class=\"_ _0\"></span>d tranche and is pr<span class=\"_ _0\"></span>esented as a liability w<span class=\"_ _0\"></span>ith corresponding chang<span class=\"_ _0\"></span>es in fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss (20<span class=\"_ _2\"></span>22: -0.1 million Euro; 20<span class=\"_ _0\"></span>21: -0.3 million E<span class=\"_ _0\"></span>uro).In the course of 2021 and 20<span class=\"_ _0\"></span>22, a long-term <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>able compensation, embedde<span class=\"_ _0\"></span>d in a Stock Appreci<span class=\"_ _0\"></span>ation Rights Plan that can result in an additional cash bonus,<span class=\"_ _2\"></span> was grante<span class=\"_ _0\"></span>d to key personnel members of the Group<span class=\"_ _2\"></span>. \ue618e key components of this Stock <span class=\"_ _0\"></span>Appreciations Rights Pl<span class=\"_ _0\"></span>an are the follow<span class=\"_ _0\"></span>ing:  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws34\">At March 9,<span class=\"_ _0\"></span> 2021 an amount of 830<span class=\"_ _0\"></span>,000 Stock<span class=\"_ _0\"></span> Appreciation Rig<span class=\"_ _0\"></span>hts have been gr<span class=\"_ _2\"></span>anted to key member personnel.<span class=\"_ _2\"></span> \ue618e </span></span>outstanding Stock <span class=\"_ _0\"></span>Appreciation Rights at December<span class=\"_ _2\"></span> 31, 2022 amount to 665,<span class=\"_ _0\"></span>000;  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e strike price of these Stock <span class=\"_ _0\"></span>Appreciation Rights h<span class=\"_ _0\"></span>ave been set at 3.<span class=\"_ _2\"></span>7793 Eur<span class=\"_ _0\"></span>o;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws24\">At March 9,<span class=\"_ _0\"></span> 2022 an amount of 1,<span class=\"_ _0\"></span>397<span class=\"_ _2\"></span>,000 Stock Appreci<span class=\"_ _0\"></span>ation Rights hav<span class=\"_ _0\"></span>e been granted to k<span class=\"_ _2\"></span>ey member personnel. <span class=\"_ _2\"></span>\ue618e </span></span>outstanding Stock <span class=\"_ _0\"></span>Appreciation Rights at December<span class=\"_ _2\"></span> 31, 2022 amount to 1,<span class=\"_ _0\"></span>332,000;  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e strike price of these Stock <span class=\"_ _0\"></span>Appreciation Rights h<span class=\"_ _0\"></span>ave been set at 3.<span class=\"_ _0\"></span>6 Euro;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span>\ue618e fair<span class=\"_ _0\"></span> value of the Stock<span class=\"_ _0\"></span> Apprecia<span class=\"_ _0\"></span>tion Rights Plan is calculated using a Bl<span class=\"_ _0\"></span>ack &amp; Sholes model w<span class=\"_ _0\"></span>ith expected life of \ue615v<span class=\"_ _0\"></span>e years and is pr<span class=\"_ _0\"></span>esented as a liability <span class=\"_ _0\"></span>with corresponding ch<span class=\"_ _0\"></span>anges in fair<span class=\"_ _2\"></span> value recognize<span class=\"_ _0\"></span>d in pro\ue615t or los<span class=\"_ _0\"></span>s (2022: -0<span class=\"_ _0\"></span>,2 million Euro; 20<span class=\"_ _2\"></span>21: -0.3 million Euro<span class=\"_ _0\"></span>).\ue618e total liability r<span class=\"_ _0\"></span>elated to the shar<span class=\"_ _0\"></span>e appreciation rights amounts to 1 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22. \ue67f\ue6ad.<span class=\"_ _0\"></span> OTHER EMPLO<span class=\"_ _2\"></span>YEE BENEFITS\ue618e split between long-term and short-term emplo<span class=\"_ _0\"></span>yee bene\ue615ts is presented in the table be<span class=\"_ _0\"></span>low:MILLION EURO<span class=\"_ _1cb\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _180\"> </span><span class=\"ffc\">2022</span>Long-term employee bene\ue614ts<span class=\"_ _200\"> </span>\ue61d\ue61d<span class=\"_ _23a\"> </span>\ue61bShort-term employee bene\ue614ts\ue610\ue610\ue610\ue610\ue610\ue610 Liabilities for social expenses<span class=\"_ _253\"> </span>\ue61f\ue61e<span class=\"_ _1e5\"> </span>\ue61d\ue61b\ue610\ue610\ue610\ue610\ue610 Payroll liabilities<span class=\"_ _1cb\"> </span>\ue61a<span class=\"_ _1c2\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610 Other short-term liabilities<span class=\"_ _168\"> </span>\ue619\ue617<span class=\"_ _3f\"> </span>\ue619\ue61fTOT<span class=\"_ _0\"></span>AL\ue614<span class=\"_ _126\"> </span><span class=\"ls1 ws1\">110<span class=\"_ _251\"> </span>105</span>Long-term employee bene\ue615ts comprise a long-term disa<span class=\"_ _0\"></span>bility plan in the US,<span class=\"_ _0\"></span> the plans \u2018Jubilee<span class=\"_ _2\"></span>\u2019 and \u2018P<span class=\"_ _0\"></span>ensionsurlaub<span class=\"_ _2\"></span>\u2019 in Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> \u2018Jubilee<span class=\"_ _2\"></span>\u2019 bene\ue615ts in Belgium and some other long-service le<span class=\"_ _0\"></span>ave and service a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, these amounted to 9 million E<span class=\"_ _0\"></span>uro (11 million Eur<span class=\"_ _0\"></span>o at December 31,<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>). Other short-term emplo<span class=\"_ _0\"></span>yee bene\ue615ts comprise liabilities set up for<span class=\"_ _2\"></span> all commitments relating to the workfor<span class=\"_ _0\"></span>ce in the broad<span class=\"ws1\">-</span>est sense such as accruals f<span class=\"_ _0\"></span>or v<span class=\"_ _2\"></span>acation entitlements and \ue617exi-time surpluses, continua<span class=\"_ _0\"></span>tion of wag<span class=\"_ _0\"></span>e and salary payments in the event of sickness amounts pa<span class=\"_ _0\"></span>yable <span class=\"_ _0\"></span>within 12 months, short-term disa<span class=\"_ _0\"></span>bility bene\ue615ts, accr<span class=\"_ _0\"></span>uals for bonuses of all kinds,<span class=\"_ _0\"></span> payments under<span class=\"_ _2\"></span> pro\ue615t-sharing plans.T<span class=\"_ _2\"></span>AXES\ue67f\ue680<span class=\"_ _b3\"></span>. <span class=\"_ _22\"></span>INCOME T<span class=\"_ _2\"></span>AXES\ue618e Group is subject to income taxes in numer<span class=\"_ _0\"></span>ous jurisdictions. Uncertainties e<span class=\"_ _0\"></span>xist with r<span class=\"_ _0\"></span>espect to the interpretations of complex tax regul<span class=\"_ _0\"></span>ations in the respective countries.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group establishes accr<span class=\"_ _0\"></span>uals for anticip<span class=\"_ _0\"></span>ated tax audit iss<span class=\"_ _0\"></span>ues based on reason<span class=\"_ _0\"></span>able estimates of whether<span class=\"_ _2\"></span> additional taxes will be due<span class=\"_ _0\"></span>, considering v<span class=\"_ _2\"></span>arious factors such as experience w<span class=\"_ _0\"></span>ith previous tax audits and di\ue614ering legal interpr<span class=\"_ _0\"></span>etations by the taxable entit<span class=\"_ _0\"></span>y and the responsible tax authority<span class=\"_ _2\"></span>.Di\ue614erences arising betw<span class=\"_ _0\"></span>een the actual results and the as<span class=\"_ _0\"></span>sumptions made<span class=\"_ _0\"></span>, or<span class=\"_ _2\"></span> future changes to such assumptions,<span class=\"_ _0\"></span> could necessitate adjustments to tax income and e<span class=\"_ _0\"></span>xpense in future periods.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup is closely follo<span class=\"_ _0\"></span>wing up on tax develop<span class=\"ws1\">-</span>ments at OECD (P<span class=\"_ _0\"></span>illars 1 and 2), E<span class=\"_ _0\"></span>U (Pillar<span class=\"_ _0\"></span> 2, BEFIT<span class=\"_ _1\"></span>, others) as these measur<span class=\"_ _0\"></span>es may ha<span class=\"_ _0\"></span>ve an impact on the tax position in the longer<span class=\"_ _0\"></span> term.\ue618e break<span class=\"_ _2\"></span>down of the income tax expenses by origin is as follow<span class=\"_ _0\"></span>s:MILLION EURO<span class=\"_ _1cb\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _180\"> </span><span class=\"ffc\">2022</span>T<span class=\"_ _2\"></span>axes paid or accrued<span class=\"_ _254\"> </span>\ue61f\ue61e<span class=\"_ _1e5\"> </span>\ue61a\ue61d\ue610\ue610\ue610\ue610 Related to this year<span class=\"_ _64\"> </span>\ue61f\ue61a<span class=\"_ _1e5\"> </span>\ue61f\ue61c\ue610\ue610\ue610\ue610 Related to prior years<span class=\"_ _146\"> </span>(\ue61a)<span class=\"_ _23a\"> </span>\ue61aDeferred tax expense (income)<span class=\"_ _255\"> </span>(\ue618)<span class=\"_ _1e5\"> </span>\ue61d\ue61f\ue610\ue610\ue610\ue610 From temporary di\ue615erences<span class=\"_ _255\"> </span>(\ue61f)<span class=\"_ _a7\"> </span>-\ue610\ue610\ue610\ue610 From tax loss carryforwards and tax credits<span class=\"_ _256\"> </span>(\ue61a)<span class=\"_ _1e5\"> </span>\ue61d\ue61fIncome tax expense<span class=\"_ _112\"> </span>15<span class=\"_ _1e5\"> </span>42Current tax expenses h<span class=\"_ _0\"></span>ave incre<span class=\"_ _2\"></span>ased from 20 million Euro in 20<span class=\"_ _0\"></span>21 to 31 million Euro in 20<span class=\"_ _2\"></span>22. \ue618is is m<span class=\"_ _0\"></span>ainly explained b<span class=\"_ _0\"></span>y changes in the Gr<span class=\"_ _0\"></span>oup structure<span class=\"_ _2\"></span>, such as separa<span class=\"_ _0\"></span>te entities create<span class=\"_ _0\"></span>d in prepar<span class=\"_ _0\"></span>ation of the divestment for<span class=\"_ _2\"></span> the O\ue614set division, which re<span class=\"_ _0\"></span>alized taxable pr<span class=\"_ _0\"></span>o\ue615ts. Deferred tax income of 5 million Eur<span class=\"_ _0\"></span>o in 2021 has ev<span class=\"_ _0\"></span>olved to a deferr<span class=\"_ _0\"></span>ed tax expense of 12 million Eur<span class=\"_ _0\"></span>o in 2022.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is is main<span class=\"ws1\">-</span>ly the result of a v<span class=\"_ _2\"></span>aluation loss on deferred tax assets r<span class=\"_ _0\"></span>ecognized in prev<span class=\"_ _0\"></span>ious years r<span class=\"_ _0\"></span>elating to the O\ue614set a<span class=\"_ _0\"></span>ctivities which are no longer<span class=\"_ _0\"></span> expected to be reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>.  Further inform<span class=\"_ _0\"></span>ation on the major<span class=\"_ _0\"></span> components of tax expense (income) is pr<span class=\"_ _0\"></span>ovided in the ta<span class=\"_ _0\"></span>ble re\ue617ecting the reconcilia<span class=\"_ _0\"></span>tion between the theoretical tax r<span class=\"_ _2\"></span>ate and the e\ue614ective tax rate in N<span class=\"_ _0\"></span>ote 17<span class=\"_ _2\"></span>.3.2.1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 Current income tax assets and liabilitiesAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, curr<span class=\"_ _0\"></span>ent income tax assets amount to 56 million Euro (2<span class=\"_ _0\"></span>021: 63 million E<span class=\"_ _0\"></span>uro),<span class=\"_ _0\"></span> of which 80% rel<span class=\"_ _0\"></span>ates to the refund of R&amp;D tax credits.<span class=\"_ _2\"></span> Current income tax liabilities amount to 2<span class=\"_ _0\"></span>9 million Euro (20<span class=\"_ _2\"></span>21: 28 million Euro), of which 1<span class=\"_ _0\"></span>6 million Euro (20<span class=\"_ _0\"></span>21: 17 million Euro<span class=\"_ _0\"></span>) relates to uncertain tax positions.<span class=\"_ _0\"></span> From these uncertain tax positions 8 million Eur<span class=\"_ _0\"></span>o is relatin<span class=\"_ _0\"></span>g to ongoing tax audits,<span class=\"_ _0\"></span> procedures and litig<span class=\"_ _0\"></span>ations in v<span class=\"_ _0\"></span>arious jurisdictions (2021: 9 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> Another 7 million E<span class=\"_ _0\"></span>uro is re<span class=\"_ _0\"></span>lating to potential discussions in respect of tr<span class=\"_ _0\"></span>ansfer pricing<span class=\"_ _2\"></span>. Although the Group is con\ue615dent that all of its intr<span class=\"_ _2\"></span>agroup dealing are at arm<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s length and documented, tr<span class=\"_ _2\"></span>ansfer pricing is a topic that continues to trigg<span class=\"_ _0\"></span>er scrutin<span class=\"_ _2\"></span>y from tax authorities worldwide<span class=\"_ _2\"></span>. Some discussions may le<span class=\"_ _2\"></span>ad to double taxation, where<span class=\"_ _0\"></span>by the outcome of mutual agreement pr<span class=\"_ _0\"></span>ocedures or<span class=\"_ _0\"></span> other pr<span class=\"_ _0\"></span>ocedures might still hav<span class=\"_ _0\"></span>e a negative e\ue614ect on the tax e<span class=\"_ _0\"></span>xpense.Current income tax for<span class=\"_ _2\"></span> current and prior periods are<span class=\"_ _0\"></span>, to the e<span class=\"_ _0\"></span>xtent unpaid, r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. If the amount alre<span class=\"_ _0\"></span>ady paid in respect of current and prior<span class=\"_ _2\"></span> periods exceeds the amount due for<span class=\"_ _0\"></span> those periods, the ex<span class=\"_ _0\"></span>cess is recognized as an as<span class=\"_ _0\"></span>set.Current income tax assets ar<span class=\"_ _0\"></span>e o\ue614set against current income tax liabilities <span class=\"_ _0\"></span>when they rel<span class=\"_ _0\"></span>ate to taxes levied b<span class=\"_ _0\"></span>y the same taxa<span class=\"ws1\">-</span>tion authority and are intende<span class=\"_ _0\"></span>d to be settled on a net basis.\ue618e Group believes th<span class=\"_ _0\"></span>at its accruals for<span class=\"_ _2\"></span> tax liabilities are adequate for<span class=\"_ _0\"></span> all open tax ye<span class=\"_ _0\"></span>ars based on its assessment of man<span class=\"_ _2\"></span>y factors as expl<span class=\"_ _0\"></span>ained above<span class=\"_ _2\"></span>.1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Deferred tax assets and liabilitiesDeferred tax assets ar<span class=\"_ _0\"></span>e the amounts of income taxes recov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble in future periods in respect of deductible tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614e<span class=\"ws1\">-</span>rences, the carry<span class=\"_ _0\"></span>-forwar<span class=\"_ _0\"></span>d of unused tax losses and the carry-forw<span class=\"_ _0\"></span>ard of unused tax credits.Deferred tax assets ar<span class=\"_ _0\"></span>e recognized <span class=\"_ _0\"></span>where it is su\ue616ciently pr<span class=\"_ _0\"></span>obable that tax<span class=\"_ _0\"></span>able income will be av<span class=\"_ _2\"></span>ailable in the future to enable the deductible tempor<span class=\"_ _0\"></span>ary di\ue614erences, tax los<span class=\"_ _0\"></span>s carry forwar<span class=\"_ _0\"></span>ds and tax credits to be utilized.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management reg<span class=\"_ _0\"></span>ularly assesses the r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ability of its deferr<span class=\"_ _0\"></span>ed tax assets, mainly<span class=\"_ _0\"></span> based on the long-term business plans for<span class=\"_ _0\"></span> the divisions He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions, Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals and O\ue614set Solutions and considering historical pro\ue615tabilit<span class=\"_ _0\"></span>y and projected futur<span class=\"_ _0\"></span>e taxable income of the individual consolida<span class=\"_ _0\"></span>ted entities that are involv<span class=\"_ _0\"></span>ed. Other<span class=\"_ _2\"></span> parameters such as the expected timin<span class=\"_ _0\"></span>g of the reversals of existing tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences and tax plannin<span class=\"_ _0\"></span>g stra<span class=\"_ _0\"></span>tegies are considered as w<span class=\"_ _0\"></span>ell in this assessment.<span class=\"_ _0\"></span> Material chang<span class=\"_ _0\"></span>es to business plans and/<span class=\"_ _2\"></span>or busines<span class=\"_ _0\"></span>s (goods and servi<span class=\"ws1\">-</span>ces) \ue617ows imp<span class=\"_ _0\"></span>acting the taxable pr<span class=\"_ _0\"></span>o\ue615t or loss of certain entities of the Group m<span class=\"_ _0\"></span>ay in\ue617uence the re<span class=\"_ _0\"></span>alization of deferred tax assets. Di\ue614er<span class=\"_ _0\"></span>ences arising between the a<span class=\"_ _0\"></span>ctual results and the ass<span class=\"_ _0\"></span>umptions made<span class=\"_ _0\"></span>, or<span class=\"_ _0\"></span> future chang<span class=\"_ _0\"></span>es to such assumptions,<span class=\"_ _0\"></span> could necessitate rev<span class=\"_ _0\"></span>ersing certain deferred tax assets r<span class=\"_ _0\"></span>esulting in an incre<span class=\"_ _0\"></span>ase of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s e\ue614ective tax r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>.Deferred tax lia<span class=\"_ _0\"></span>bilities are the amounts of income taxes pa<span class=\"_ _0\"></span>ya<span class=\"_ _0\"></span>ble in future periods in respect of taxable tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y differences.<span class=\"_ _2\"></span> Deferred tax assets and deferred tax lia<span class=\"_ _0\"></span>bilities are offset if they re<span class=\"_ _0\"></span>late to income taxes levie<span class=\"_ _0\"></span>d by the same<span class=\"_ _0\"></span> taxation authority<span class=\"_ _2\"></span>.Deferred tax assets and li<span class=\"_ _0\"></span>abilities are attributable to the follo<span class=\"_ _0\"></span>wing items:December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _1c0\"> </span><span class=\"ffc\">December 31, 2022</span>MILLION EUROAssets<span class=\"_ _a5\"> </span>Liabilities<span class=\"_ _da\"> </span>Net<span class=\"_ _1bc\"> </span><span class=\"ffc\">Assets<span class=\"_ _88\"> </span>Liabilities<span class=\"_ _da\"> </span>Net</span>Intangible assets and goodwill<span class=\"_ _3d\"> </span>\ue61f\ue619<span class=\"_ _2b\"> </span>\ue61f<span class=\"_ _2f\"> </span>\ue61f\ue618<span class=\"_ _2f\"> </span>\ue61f\ue61b<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2f\"> </span>\ue61f\ue61cProperty<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _3d\"> </span>\ue61d\ue61d<span class=\"_ _2b\"> </span>\ue61c<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _257\"> </span>(\ue61a)Right-of-use assets<span class=\"_ _258\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue619<span class=\"_ _232\"> </span>(\ue61d\ue619)<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue618<span class=\"_ _232\"> </span>(\ue61d\ue618)Investments in associates and non-current \ue614nancial assets<span class=\"_ _136\"> </span>-<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61a)<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61a)Inventories<span class=\"_ _25a\"> </span>\ue61f\ue61e<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _2f\"> </span>\ue61d\ue619<span class=\"_ _2f\"> </span>\ue61d\ue616<span class=\"_ _c1\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue616Receivables<span class=\"_ _25b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _185\"> </span>(\ue61f)Provisions and liabilities for post-employment bene\ue614ts<span class=\"_ _df\"> </span>\ue61a\ue61b<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2f\"> </span>\ue61a\ue617<span class=\"_ _25c\"> </span>\ue61d\ue61b<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _2f\"> </span>\ue61d\ue618Lease liabilities<span class=\"_ _1e1\"> </span>\ue61d\ue61c<span class=\"_ _259\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue61c<span class=\"_ _2f\"> </span>\ue61d\ue616<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue616Other current assets and other liabilities<span class=\"_ _1bf\"> </span>\ue61c<span class=\"_ _2b\"> </span>\ue619<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _2b\"> </span>\ue61f<span class=\"_ _2b\"> </span>\ue616Deferred tax assets and liabilities related to temporar<span class=\"_ _22\"></span>y di\ue612erences<span class=\"_ _257\"> </span>124<span class=\"_ _2f\"> </span>46<span class=\"_ _2f\"> </span>78<span class=\"_ _25c\"> </span>87<span class=\"_ _2f\"> </span>35<span class=\"_ _2f\"> </span>52T<span class=\"_ _2\"></span>ax loss carry-forwards<span class=\"_ _25d\"> </span>\ue61a\ue61c<span class=\"_ _25e\"> </span>\ue61a\ue61c<span class=\"_ _25c\"> </span>\ue61f\ue619<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61f\ue619Excess tax credits<span class=\"_ _25f\"> </span>\ue61d<span class=\"_ _260\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue61aDeferred tax assets/liabilities<span class=\"_ _249\"> </span>164<span class=\"_ _25c\"> </span>46<span class=\"_ _d0\"> </span>118<span class=\"_ _89\"> </span>117<span class=\"_ _2f\"> </span>35<span class=\"_ _2f\"> </span>82Set o\ue615 of tax<span class=\"_ _261\"> </span>(\ue616\ue61e)<span class=\"_ _232\"> </span>(\ue616\ue61e)<span class=\"_ _259\"> </span>-<span class=\"_ _232\"> </span>(\ue61f\ue617)<span class=\"_ _243\"> </span>(\ue61f\ue617)<span class=\"_ _c1\"> </span>-Net deferred tax assets/liabilities<span class=\"_ _ba\"> </span>124<span class=\"_ _2b\"> </span>6<span class=\"_ _89\"> </span>118<span class=\"_ _2f\"> </span>91<span class=\"_ _2b\"> </span>9<span class=\"_ _2f\"> </span>82\ue618e movement in tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences during 20<span class=\"_ _2\"></span>21-2022 is disclosed in N<span class=\"_ _0\"></span>ote 17<span class=\"_ _2\"></span>.4.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has a net deferred tax asset position of 8<span class=\"_ _0\"></span>2 million Euro (20<span class=\"_ _2\"></span>21: 118 million Euro). More than half of this balance r<span class=\"_ _0\"></span>elates to the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> division, mainly linke<span class=\"_ _0\"></span>d to tax attributes and R&amp;D rela<span class=\"_ _0\"></span>ted tempo<span class=\"ws1\">-</span>rary di\ue614er<span class=\"_ _0\"></span>ences in key jurisdictions.<span class=\"_ _0\"></span> \ue69dNone of these attributes or di\ue614<span class=\"_ _0\"></span>erences are subject to e<span class=\"_ _0\"></span>xpiration.<span class=\"_ _0\"></span> \ue618e Group believes it is pr<span class=\"_ _0\"></span>obable that these r<span class=\"_ _0\"></span>ecognized deferr<span class=\"_ _0\"></span>ed tax assets on HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> are reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able by 20<span class=\"_ _0\"></span>30,<span class=\"_ _0\"></span> taking into account the negative imp<span class=\"_ _0\"></span>act of newly enacted legisl<span class=\"_ _0\"></span>ation in Belgium (wher<span class=\"_ _0\"></span>eby the annual utiliza<span class=\"_ _0\"></span>tion of certain tax attributes is restricted to 1m\u20ac incr<span class=\"_ _0\"></span>eased w<span class=\"_ _0\"></span>ith 40% on the ex<span class=\"_ _0\"></span>cess, theoretically<span class=\"_ _0\"></span> resulting in a minimum e\ue614ectiv<span class=\"_ _0\"></span>e tax cash rate of 15%) in anticipation of the implementation the OE<span class=\"_ _2\"></span>CD Pillar 2 rules.<span class=\"_ _0\"></span> Without this imp<span class=\"_ _0\"></span>act, the Gr<span class=\"_ _0\"></span>oup expects these assets to be recov<span class=\"_ _0\"></span>erable b<span class=\"_ _0\"></span>y 2028.<span class=\"_ _0\"></span> Other ma<span class=\"_ _0\"></span>jor deductible tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences and res<span class=\"_ _0\"></span>ulting deferred tax as<span class=\"_ _0\"></span>set positions relate to de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans in Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> mostly rel<span class=\"_ _0\"></span>ated to active emplo<span class=\"_ _0\"></span>yees.97% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s tax losses is concentra<span class=\"_ _0\"></span>ted in seven entities in Belgium,<span class=\"_ _0\"></span> US and Germany and only<span class=\"_ _0\"></span> for 6% of the total tax loss a deferred tax as<span class=\"_ _0\"></span>set has been recognized.Deferred tax assets h<span class=\"_ _0\"></span>ave not been recogniz<span class=\"_ _0\"></span>ed in respect of <span class=\"_ _0\"></span>\u2018tax loss carry forwar<span class=\"_ _2\"></span>ds,<span class=\"_ _2\"></span>\u2019 <span class=\"_ _2\"></span>\u2018tax credits\u2019<span class=\"_ _2\"></span> and \u2018temporary di\ue614er<span class=\"_ _0\"></span>ences\u2019<span class=\"_ _0\"></span> for the amounts s<span class=\"_ _0\"></span>tated here<span class=\"_ _0\"></span>after beca<span class=\"_ _0\"></span>use it is not probable tha<span class=\"_ _0\"></span>t future taxable pr<span class=\"_ _0\"></span>o\ue615t will be av<span class=\"_ _2\"></span>ailable against which the Group can utilize the bene\ue615ts ther<span class=\"_ _0\"></span>e from: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tax loss carry-forw<span class=\"_ _0\"></span>ards: 403 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 373 million E<span class=\"_ _0\"></span>uro);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tax credits: 1<span class=\"_ _0\"></span>7 million Euro (20<span class=\"_ _2\"></span>21: 17 million Euro);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">temporary di\ue614er<span class=\"_ _0\"></span>ences: 149 million Euro (2<span class=\"_ _0\"></span>021: 158 million E<span class=\"_ _0\"></span>uro).</span></span>\ue618e deferred tax asset imp<span class=\"_ _0\"></span>act on unused tempor<span class=\"_ _0\"></span>ary di\ue614erences, tax los<span class=\"_ _0\"></span>ses and tax credits expir<span class=\"_ _0\"></span>es as followsMILLION EURO<span class=\"_ _12b\"> </span>T<span class=\"_ _2\"></span>emporary di\ue615erences<span class=\"_ _236\"> </span>T<span class=\"_ _1\"></span>ax losses<span class=\"_ _131\"> </span>T<span class=\"_ _1\"></span>ax credits<span class=\"_ _fa\"> </span><span class=\"ffc ls4 ws5\">TOTAL</span>Expiry in:\ue61f\ue61e\ue61f\ue61f<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue61a<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue616<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue618<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue617<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-after<span class=\"_ _262\"> </span>-<span class=\"_ _ef\"> </span>\ue61a\ue61c<span class=\"_ _44\"> </span>-<span class=\"_ _ef\"> </span>\ue61a\ue61cNo expiry<span class=\"_ _264\"> </span>\ue61d\ue616\ue61b<span class=\"_ _c0\"> </span>\ue61a\ue617\ue61a<span class=\"_ _ef\"> </span>\ue61d\ue619<span class=\"_ _db\"> </span>\ue618\ue61f\ue61bTOT<span class=\"_ _0\"></span>AL<span class=\"_ _265\"> </span><span class=\"ls1 ws1\">149<span class=\"_ _c0\"> </span>401<span class=\"_ _ef\"> </span>17<span class=\"_ _db\"> </span>567</span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3 Relationship between income tax expense and pro\ue61ft (loss) before income taxes1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3.1 Summary 2021 and 2022MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _24a\"> </span><span class=\"ffc\">2022</span>Pro\ue614t (loss) before income taxes<span class=\"_ _266\"> </span>\ue61d<span class=\"_ _98\"> </span>(\ue61d\ue61c\ue61d)Income tax expense<span class=\"_ _77\"> </span>\ue61d\ue618<span class=\"_ _ef\"> </span>\ue616\ue61fT<span class=\"_ _2\"></span>ax rate<span class=\"_ _227\"> </span>-<span class=\"_ _267\"> </span>-\ue61f\ue61a.\ue61a\ue619%1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3.2 Reconciliation of e\ue61eective tax rate 2021 and 2022MILLION EURO<span class=\"_ _117\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _24a\"> </span><span class=\"ffc\">2022</span>Pro\ue614t (loss) before income taxes<span class=\"_ _1aa\"> </span>\ue61d<span class=\"_ _98\"> </span>(\ue61d\ue61c\ue61d)Theoretical income tax expense (income)<span class=\"_ _268\"> </span>\ue61d<span class=\"_ _269\"> </span>(\ue616\ue618) (1)Theoretical tax rate129.17%<span class=\"_ _1a9\"> </span>24.77%Disallowed items<span class=\"_ _126\"> </span>\ue619<span class=\"_ _92\"> </span>\ue61bImpact of tax credits and other deduction from tax basis<span class=\"_ _204\"> </span>(\ue618)<span class=\"_ _ed\"> </span>(\ue61d)T<span class=\"_ _2\"></span>ax losses of the year for which no deferred tax asset has been recorded<span class=\"_ _191\"> </span>\ue616\ue61d<span class=\"_ _ef\"> </span>\ue61a\ue616T<span class=\"_ _2\"></span>ax losses used this year for which no deferred tax asset was recorded<span class=\"_ _26a\"> </span>(\ue61f)<span class=\"_ _ed\"> </span>(\ue61a)T<span class=\"_ _2\"></span>ax expense/(income) recorded on losses of previous years<span class=\"_ _26b\"> </span>(\ue618)<span class=\"_ _92\"> </span>\ue61aPrior year adjustments<span class=\"_ _1eb\"> </span>\ue61f<span class=\"_ _92\"> </span>\ue61aT<span class=\"_ _2\"></span>ax expense/(income) due to movement in deductible temporary di\ue615erences for which no (\ue61f\ue616)<span class=\"_ _44\"> </span>-deferred tax asset was recordedWithholding taxes<span class=\"_ _109\"> </span>\ue61d<span class=\"_ _92\"> </span>\ue61aImpairments on goodwill and other assets for which no deferred tax asset has been recorded<span class=\"_ _189\"> </span>-<span class=\"_ _ef\"> </span>\ue61f\ue61dV<span class=\"_ _0\"></span>aluation loss on previously recognised deferred tax assets on temporary di\ue615erences<span class=\"_ _20a\"> </span>-<span class=\"_ _ef\"> </span>\ue61d\ue618Impact of adjustment in deferred tax rates<span class=\"_ _231\"> </span>-<span class=\"_ _92\"> </span>\ue61fOther<span class=\"_ _125\"> </span>(\ue61a)<span class=\"_ _92\"> </span>\ue61dIncome tax expense<span class=\"_ _78\"> </span>15<span class=\"_ _ef\"> </span>42E\ue612ective tax rate<span class=\"_ _26c\"> </span>-23.37%(1) <span class=\"_ _0\"></span>\ue618e theoretical tax rate is the <span class=\"_ _0\"></span>weighted aver<span class=\"_ _2\"></span>age tax rate of the Company and all s<span class=\"_ _0\"></span>ubsidiaries included in the consolidation.1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.4 Movement in temporary di\ue61eerences during 2021-2022MILLION EUROIntangible assets and goodwill<span class=\"_ _aa\"> </span>\ue61f\ue616<span class=\"_ _25\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _25\"> </span>-<span class=\"_ _60\"> </span>\ue61f<span class=\"_ _25\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _a3\"> </span>\ue61f\ue618<span class=\"_ _a0\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _25\"> </span>-<span class=\"_ _182\"> </span>\ue61d<span class=\"_ _a3\"> </span>\ue61f\ue61cProperty<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _259\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _25\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _25\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _8f\"> </span>(\ue617)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61a)Right-of-use assets<span class=\"_ _174\"> </span>(\ue61f\ue61e)<span class=\"_ _25\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _d2\"> </span>(\ue61d\ue619)<span class=\"_ _a0\"> </span>-<span class=\"_ _8b\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _d2\"> </span>(\ue61d\ue618)Investments in associates and  (\ue61a)<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61a)<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61a)non-current \ue614nancial assetsInventories<span class=\"_ _26e\"> </span>\ue61d\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a3\"> </span>\ue61d\ue619<span class=\"_ _a0\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _26f\"> </span>(\ue61d)<span class=\"_ _cc\"> </span>\ue61d\ue616Receivables<span class=\"_ _270\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61f)Provisions and liabilities for  \ue61a\ue61b<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _a5\"> </span>(\ue617)<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _cc\"> </span>\ue61a\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _93\"> </span>(\ue61f\ue61a)<span class=\"_ _8f\"> </span>-<span class=\"_ _a3\"> </span>\ue61d\ue618post-employment bene\ue614tsLease liabilities<span class=\"_ _269\"> </span>\ue61f\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _cc\"> </span>\ue61d\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a3\"> </span>\ue61d\ue616Other current assets and  (\ue61f)<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _182\"> </span>\ue61d<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _8b\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue61d)<span class=\"_ _88\"> </span>\ue616other liabilitiesDeferred tax assets and liabilities  78<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>2<span class=\"_ _9f\"> </span>(4)<span class=\"_ _88\"> </span>2<span class=\"_ _cc\"> </span>78<span class=\"_ _9f\"> </span>(2)<span class=\"_ _26d\"> </span>-<span class=\"_ _9e\"> </span>(23)<span class=\"_ _5e\"> </span>(1)<span class=\"_ _cc\"> </span>52related to temporary di\ue612<span class=\"_ _22\"></span>erencesT<span class=\"_ _2\"></span>ax loss carry-forwards<span class=\"_ _14b\"> </span>\ue61a\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _cc\"> </span>\ue61a\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue61d\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _cc\"> </span>\ue61f\ue619Excess tax credits<span class=\"_ _150\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _88\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _88\"> </span>\ue61aDeferred tax assets/liabilities<span class=\"_ _aa\"> </span>116<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _50\"> </span>5<span class=\"_ _9f\"> </span>(4)<span class=\"_ _88\"> </span>1<span class=\"_ _159\"> </span>118<span class=\"_ _9f\"> </span>(2)<span class=\"_ _9e\"> </span>(12)<span class=\"_ _9e\"> </span>(23)<span class=\"_ _5e\"> </span>(1)<span class=\"_ _cc\"> </span>82\ue618e deferred tax asset on pr<span class=\"_ _0\"></span>ovisions and lia<span class=\"_ _0\"></span>bilities for pos<span class=\"_ _0\"></span>t-employment bene\ue615ts which is r<span class=\"_ _0\"></span>ecognized in other<span class=\"_ _0\"></span> compre<span class=\"ws1\">-</span>hensive income is rel<span class=\"_ _0\"></span>ated to the reme<span class=\"_ _0\"></span>asurements of the net de\ue615ned bene\ue615t lia<span class=\"_ _0\"></span>bility (IAS 19R). <span class=\"_ _2\"></span>\ue618ese deferred tax assets decrease<span class=\"_ _0\"></span>d signi\ue615cantly in 2022 as a r<span class=\"_ _0\"></span>esult of the incre<span class=\"_ _0\"></span>ase in discount rates (<span class=\"_ _0\"></span>see Note 13).\ue67f\ue682.<span class=\"_ _0\"></span> OTHER T<span class=\"_ _2\"></span>AXESOther tax r<span class=\"_ _0\"></span>eceivables amount to 28 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 19 million Euro<span class=\"_ _0\"></span>) and other tax lia<span class=\"_ _0\"></span>bilities amount to 32 million Euro (2021: 28 million E<span class=\"_ _0\"></span>uro).Other tax r<span class=\"_ _0\"></span>eceivables and li<span class=\"_ _0\"></span>abilities rela<span class=\"_ _0\"></span>te to other tax,<span class=\"_ _0\"></span> such as V<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span> and other indirect taxes.Other tax r<span class=\"_ _0\"></span>eceivables ar<span class=\"_ _0\"></span>e o\ue614set against other<span class=\"_ _0\"></span> tax liabilities when they r<span class=\"_ _0\"></span>elate to taxes lev<span class=\"_ _0\"></span>ied by the same tax<span class=\"_ _0\"></span>ation authority<span class=\"_ _2\"></span>, there is a legal right to o\ue614set and ar<span class=\"_ _0\"></span>e intended to be settled on a net basis.ACQUISITIONS AND DISPOSALS\ue67f\ue683<span class=\"_ _0\"></span>. ACQUISITIONS19.<span class=\"_ _2\"></span>1 Acquisitions <span class=\"_ _22\"></span>2022On June 1, 2022,<span class=\"_ _2\"></span> the Agfa Group acquire<span class=\"_ _0\"></span>d Inca Digital Printers. <span class=\"_ _2\"></span>\ue618e acquisition encompassed the portfolio of existing hig<span class=\"_ _0\"></span>h speed multi pass printers,<span class=\"_ _0\"></span> including a strong service or<span class=\"_ _0\"></span>ganization, a new<span class=\"_ _0\"></span>ly designed line of single pass printers f<span class=\"_ _0\"></span>or sever<span class=\"_ _2\"></span>al packaging applications,<span class=\"_ _2\"></span> as well as a joint development of a customized in-line P<span class=\"_ _0\"></span>rint Engine in collabor<span class=\"_ _0\"></span>ation with le<span class=\"_ _0\"></span>ading corrugator<span class=\"_ _0\"></span> manufactur<span class=\"_ _0\"></span>er BHS Corr<span class=\"_ _0\"></span>ugated.Inca Digital Printers is a Cambridge UK b<span class=\"_ _0\"></span>ased leading dev<span class=\"_ _0\"></span>eloper<span class=\"_ _0\"></span> and manufacturer<span class=\"_ _2\"></span> of advanced high-speed printing and production technologies for<span class=\"_ _0\"></span> sign &amp; display applications,<span class=\"_ _2\"></span> as well as for the r<span class=\"_ _2\"></span>apidly growing digital printing mark<span class=\"_ _0\"></span>et for<span class=\"_ _0\"></span> pack<span class=\"_ _2\"></span>-aging.<span class=\"_ _0\"></span> Inca is an ideal partner<span class=\"_ _2\"></span> for Agf<span class=\"_ _0\"></span>a, bringing a complementary portfolio of printing solutions of the highest s<span class=\"_ _0\"></span>tandard and a strong technological pla<span class=\"_ _0\"></span>tform to launch robust sin<span class=\"_ _0\"></span>gle pass printing pr<span class=\"_ _0\"></span>esses for<span class=\"_ _0\"></span> the packaging mark<span class=\"_ _0\"></span>et.\ue618e acquisition comprised a share-de<span class=\"_ _2\"></span>al of<span class=\"_ _22\"></span> 100% of the shares of two UK b<span class=\"_ _0\"></span>ased companies,<span class=\"_ _0\"></span> an asset deal of the US business and the purchase of assigned intellectu<span class=\"_ _0\"></span>al property<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e purchase price amounts to 54 million Euro<span class=\"_ _2\"></span>. Intangible assets identi\ue615ed re<span class=\"_ _0\"></span>late to tra<span class=\"_ _0\"></span>demarks,<span class=\"_ _0\"></span> being the brandnames Inca and Onset; the technological IP<span class=\"_ _1\"></span>, being the on<span class=\"ws1\">-</span>set multi-pass technology which h<span class=\"_ _0\"></span>ave both been v<span class=\"_ _2\"></span>alued using the relief from ro<span class=\"_ _0\"></span>yalt<span class=\"_ _0\"></span>y method. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>echnological IP rights will be amortized ov<span class=\"_ _0\"></span>er a period of seven <span class=\"_ _0\"></span>years.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e brandnames <span class=\"_ _0\"></span>will be amortized o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> an estimated useful life of six y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e acquired <span class=\"_ _0\"></span>\u2018<span class=\"_ _0\"></span>assigned intellectual pr<span class=\"_ _0\"></span>operty\u2019 w<span class=\"_ _0\"></span>ill be amortized ov<span class=\"_ _0\"></span>er a period of ten y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> \ue618e g<span class=\"_ _0\"></span>oodwill on acquisition (2 million Euro<span class=\"_ _0\"></span>) mainly rela<span class=\"_ _0\"></span>tes to operatin<span class=\"_ _0\"></span>g synergies and w<span class=\"_ _0\"></span>orkforce<span class=\"_ _2\"></span>. \ue618e g<span class=\"_ _0\"></span>oodwill is not expected to be deductible f<span class=\"_ _0\"></span>or tax purposes.<span class=\"_ _0\"></span> Inventories h<span class=\"_ _0\"></span>ave been v<span class=\"_ _2\"></span>alued at fair v<span class=\"_ _2\"></span>alue being the estimated selling price in the or<span class=\"_ _0\"></span>dinary course of business less estimated costs of completion and sale and a reason<span class=\"_ _0\"></span>able pro\ue615t margin b<span class=\"_ _0\"></span>ased on the e\ue614ort requir<span class=\"_ _0\"></span>ed to sell the inv<span class=\"_ _0\"></span>entory<span class=\"_ _2\"></span>.  \ue618e amounts of revenue of the acquiree fr<span class=\"_ _0\"></span>om acquisition date amount to 18 million Eur<span class=\"_ _0\"></span>o and the net loss amounts to 5 million Euro<span class=\"_ _2\"></span>. \ue618is loss <span class=\"_ _0\"></span>was in line w<span class=\"_ _0\"></span>ith management e<span class=\"_ _0\"></span>xpectations and w<span class=\"_ _0\"></span>as triggered b<span class=\"_ _0\"></span>y a decision to shift Inca printers to Agfa inks,<span class=\"_ _2\"></span> for which \ue615rst sales will be r<span class=\"_ _0\"></span>ecognized in 20<span class=\"_ _2\"></span>23. In addition, due to the fact th<span class=\"_ _0\"></span>at the acquired in<span class=\"_ _2\"></span>ventories have been v<span class=\"_ _0\"></span>alued at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue less costs to sell,<span class=\"_ _0\"></span> no margin has been re<span class=\"_ _0\"></span>alized on these sales.<span class=\"_ _0\"></span> Management str<span class=\"_ _0\"></span>ongly believes th<span class=\"_ _0\"></span>at the Inca acquisition will cr<span class=\"_ _0\"></span>eate new gr<span class=\"_ _0\"></span>owth opportunities.<span class=\"_ _0\"></span> Acquisition relate<span class=\"_ _0\"></span>d costs were imm<span class=\"_ _0\"></span>aterial. \ue618e gross contr<span class=\"_ _0\"></span>actual amount of the receiv<span class=\"_ _2\"></span>ables acquired amount to 4 million Euro w<span class=\"_ _0\"></span>hich equals its fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618ere are no acquired r<span class=\"_ _0\"></span>eceivables a<span class=\"_ _0\"></span>t acquisition date for<span class=\"_ _0\"></span> which the contr<span class=\"_ _0\"></span>actual cash \ue617ows ar<span class=\"_ _0\"></span>e not expected to be r<span class=\"_ _0\"></span>eceived. \ue618e acquisition had the follo<span class=\"_ _0\"></span>wing e\ue614ect on the consolidate<span class=\"_ _0\"></span>d statement of \ue615nancial position and the consolidate<span class=\"_ _0\"></span>d state<span class=\"ws1\">-</span>ment of cash \ue617ows: 2022MILLION EUROInca Digital PrintersIntangibles with \ue614nite useful lifeT<span class=\"_ _2\"></span>rademark<span class=\"_ _0\"></span>s<span class=\"_ _271\"> </span>\ue61fAssigned Intellectual Property\ue610<span class=\"_ _11d\"> </span>\ue61d\ue61bAcquired technology<span class=\"_ _272\"> </span>\ue61aProperty<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _273\"> </span>\ue61dRight-of-use assets<span class=\"_ _5d\"> </span>\ue61cInventories<span class=\"_ _274\"> </span>\ue61d\ue61cT<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _275\"> </span>\ue616Contract assets\ue610<span class=\"_ _276\"> </span>\ue61fT<span class=\"_ _2\"></span>rade payables<span class=\"_ _277\"> </span>(\ue61a)Contract liabilities<span class=\"_ _278\"> </span>(\ue616)Other tax receivables<span class=\"_ _279\"> </span>\ue618Other current assets<span class=\"_ _272\"> </span>\ue61dOther receivables<span class=\"_ _27a\"> </span>\ue61dOther tax liabilities<span class=\"_ _27b\"> </span>(\ue618)Cash and cash equivalents<span class=\"_ _27c\"> </span>\ue61d\ue61eLease liabilities<span class=\"_ _27d\"> </span>(\ue61c)Provisions<span class=\"_ _27e\"> </span>(\ue61d)T<span class=\"_ _2\"></span>otal identi\ue615able net assets acquired\ue614<span class=\"_ _27f\"> </span>52Goodwill amount recognized\ue610<span class=\"_ _10c\"> </span>\ue61fDeferred purchase price receivable<span class=\"_ _280\"> </span>\ue61aConsideration paid\ue614<span class=\"_ _6e\"> </span>(57)Cash acquired<span class=\"_ _281\"> </span>10Net cash out\ue613ow for acquisitions<span class=\"_ _221\"> </span>(48)19.2 Acquisitions 2021During 2021,<span class=\"_ _2\"></span> the Group made no acquisitions. \ue61d\ue61c.<span class=\"_ _0\"></span> DISPOSALS20.<span class=\"_ _2\"></span>1. Disp<span class=\"_ _22\"></span>osal 2022On April 7 20<span class=\"_ _0\"></span>22, A<span class=\"_ _0\"></span>gfa and A<span class=\"_ _0\"></span>tos concluded its partnership accor<span class=\"_ _0\"></span>ding to which A<span class=\"_ _0\"></span>tos will accomp<span class=\"_ _0\"></span>any A<span class=\"_ _0\"></span>gfa in its digital tr<span class=\"_ _0\"></span>ans<span class=\"ws1\">-</span>formation as announced in Q<span class=\"_ _2\"></span>4, 2021. <span class=\"_ _0\"></span>Atos w<span class=\"_ _0\"></span>ill provide and m<span class=\"_ _0\"></span>anage a major<span class=\"_ _2\"></span> part of Agfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s internal IT<span class=\"_ _0\"></span> services and will support the compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s digital journey<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>As a global imaging technology and IT<span class=\"_ _2\"></span> leader<span class=\"_ _2\"></span>, Agf<span class=\"_ _0\"></span>a has engaged in an ambitious IT<span class=\"_ _2\"></span> transform<span class=\"_ _0\"></span>ation progr<span class=\"_ _0\"></span>am, striv<span class=\"_ _0\"></span>ing for a simple<span class=\"_ _2\"></span>, agile and future-proof digital org<span class=\"_ _0\"></span>anization.\ue618rough this str<span class=\"_ _2\"></span>ategic move,<span class=\"_ _0\"></span> Agf<span class=\"_ _0\"></span>a will bene\ue615t from <span class=\"_ _0\"></span>Atos<span class=\"_ _0\"></span>\u2019 long-las<span class=\"_ _0\"></span>ting expertise to implement an innov<span class=\"_ _2\"></span>ative and modern IT<span class=\"_ _0\"></span> landscape,<span class=\"_ _2\"></span> while optimizing its IT cost in all <span class=\"_ _0\"></span>of its countries of operations. <span class=\"_ _0\"></span>Atos w<span class=\"_ _0\"></span>ill implement \ue615rst-class solutions, including mainfr<span class=\"_ _0\"></span>ame services, hosting<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>orkplace manag<span class=\"_ _0\"></span>ement, cloud solutions and network.Atos<span class=\"_ _0\"></span>\u2019 solutions w<span class=\"_ _0\"></span>ill also include a rang<span class=\"_ _0\"></span>e of key application-r<span class=\"_ _0\"></span>elated services and tr<span class=\"_ _2\"></span>ansformational projects aimed at sim<span class=\"ws1\">-</span>plifying,<span class=\"_ _2\"></span> standardizing and modernizing the Agf<span class=\"_ _0\"></span>a IT<span class=\"_ _0\"></span> landscape,<span class=\"_ _2\"></span> including harmonization of Agfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s ERP<span class=\"_ _1\"></span>, CRM, HR and digital workplace solutions.<span class=\"_ _2\"></span> By personalizing and signi\ue615cantly enhancing the IT<span class=\"_ _0\"></span> experience for<span class=\"_ _0\"></span> the employees of A<span class=\"_ _0\"></span>gfa, Atos will allo<span class=\"_ _0\"></span>w them to enjoy the hig<span class=\"_ _0\"></span>hest level of employ<span class=\"_ _0\"></span>ee experience in the sector and he<span class=\"_ _0\"></span>lp them to further inno<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te for their clients.\ue618e partnership had the follo<span class=\"_ _0\"></span>wing e\ue614ect on the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Balance Sheet:E\ue61eect of disposal on the \ue61fnancial position of the GroupMILLION EURO<span class=\"_ _282\"> </span><span class=\"ffc\">2022</span>Liabilities for post-employment bene\ue614t plans<span class=\"_ _283\"> </span>\ue61fProvision<span class=\"_ _284\"> </span>\ue61dCurrent employee bene\ue614ts<span class=\"_ _110\"> </span>\ue61fNet liabilities divested<span class=\"_ _67\"> </span>5Consideration<span class=\"_ _285\"> </span>(\ue618)Cash out\ue613ow from disposal<span class=\"_ _7f\"> </span>(5)\ue618e restructuring pr<span class=\"_ _0\"></span>ovision r<span class=\"_ _0\"></span>elated to these div<span class=\"_ _0\"></span>ested activities amounts to 14 million E<span class=\"_ _0\"></span>uro and w<span class=\"_ _0\"></span>as recognize<span class=\"_ _0\"></span>d in Q4,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _0\"></span> a reversal of 3 million Eur<span class=\"_ _0\"></span>o to this prov<span class=\"_ _0\"></span>ision w<span class=\"_ _0\"></span>as recognized as a r<span class=\"_ _0\"></span>esult of updated fa<span class=\"_ _0\"></span>cts and circum<span class=\"ws1\">-</span>stances (see Note 9).<span class=\"_ _0\"></span>  <span class=\"_ _0\"></span>\ue618is divestment did not ha<span class=\"_ _0\"></span>ve any other<span class=\"_ _2\"></span> impact to the consolidated \ue615nancial sta<span class=\"_ _0\"></span>tements of the Group.20.2. Disposal 2021 During 2021 ther<span class=\"_ _0\"></span>e were no disposals.<span class=\"_ _2\"></span> FINANCIAL RISKS <span class=\"_ _0\"></span>AND FINANCIAL INSTRUMENTSIn the normal course of its business, the Gr<span class=\"_ _0\"></span>oup is exposed to a number<span class=\"_ _0\"></span> of \ue615nancial risks such as curr<span class=\"_ _0\"></span>ency risk, interes<span class=\"_ _0\"></span>t rate risk, commodity price risk,<span class=\"_ _2\"></span> liquidity risk and credit risk tha<span class=\"_ _0\"></span>t could a\ue614ect its \ue615nancial position and its result of oper<span class=\"_ _2\"></span>ations. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s objectives, policies and pr<span class=\"_ _0\"></span>ocesses in managing these \ue615nanci<span class=\"_ _0\"></span>al risks are described further<span class=\"_ _2\"></span> in this note. In man<span class=\"_ _0\"></span>aging these risks, the Gr<span class=\"_ _0\"></span>oup may use deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments.<span class=\"_ _0\"></span> \ue618e use of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments is subject to inter<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>nal controls and uniform guide<span class=\"_ _0\"></span>lines set up by the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>reas<span class=\"_ _0\"></span>ury Committee.<span class=\"_ _0\"></span> Deriva<span class=\"_ _0\"></span>tives used are o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>-the-counter instru<span class=\"ls1 ws1\">-</span>ments, particul<span class=\"_ _0\"></span>arly forwar<span class=\"_ _0\"></span>d exch<span class=\"_ _0\"></span>ange contr<span class=\"_ _0\"></span>acts.\ue61d\ue67f.<span class=\"_ _0\"></span> MARKET RISK21.<span class=\"_ _2\"></span>1 F<span class=\"_ _0\"></span>oreign currency riskFor<span class=\"_ _0\"></span>eign currency risk is the risk<span class=\"_ _0\"></span> that the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash \ue617ows of a \ue615nancial ins<span class=\"_ _0\"></span>trument will \ue617uctuate due to ch<span class=\"_ _0\"></span>an<span class=\"ws1\">-</span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e foreign currency risk<span class=\"_ _0\"></span> management dis<span class=\"_ _0\"></span>tinguishes between thr<span class=\"_ _0\"></span>ee types of foreign currency risk: foreign currency tr<span class=\"_ _2\"></span>ansaction risk, foreign currency tr<span class=\"_ _2\"></span>anslation risk and foreign currency economic risk.\ue618e Group incurs foreign curr<span class=\"_ _0\"></span>ency transaction risk<span class=\"_ _0\"></span> on accounts receiv<span class=\"_ _2\"></span>able, accounts p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able and other<span class=\"_ _0\"></span> monetary items that are denomina<span class=\"_ _0\"></span>ted in a currency other<span class=\"_ _0\"></span> than the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s functional curr<span class=\"_ _0\"></span>ency<span class=\"_ _2\"></span>. F<span class=\"_ _0\"></span>oreign currency tr<span class=\"_ _0\"></span>ansaction risk in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operations also arises fr<span class=\"_ _0\"></span>om the v<span class=\"_ _0\"></span>ariability of cash \ue617ows in r<span class=\"_ _0\"></span>espect of forecasted tr<span class=\"_ _2\"></span>ansactions.For<span class=\"_ _0\"></span>eign operations <span class=\"_ _0\"></span>which do not hav<span class=\"_ _0\"></span>e the Euro as their<span class=\"_ _0\"></span> functional currency giv<span class=\"_ _0\"></span>e rise to a transla<span class=\"_ _0\"></span>tion risk.\ue618e foreign currency economic risk<span class=\"_ _0\"></span> is the risk that futur<span class=\"_ _0\"></span>e cash \ue617ows and e<span class=\"_ _0\"></span>arnings gener<span class=\"_ _0\"></span>ated by f<span class=\"_ _0\"></span>oreign oper<span class=\"_ _0\"></span>ations may v<span class=\"_ _2\"></span>ary<span class=\"_ _0\"></span>. For<span class=\"_ _0\"></span>eign currency economic risk is hig<span class=\"_ _0\"></span>hly connected with other<span class=\"_ _2\"></span> factors such as the foreign oper<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>\u2019 competitive position within an industry<span class=\"_ _2\"></span>, or<span class=\"_ _0\"></span> its rela<span class=\"_ _0\"></span>tionship with customers and suppliers.In monitoring the foreign curr<span class=\"_ _0\"></span>ency risk exposur<span class=\"_ _0\"></span>es, the centr<span class=\"_ _0\"></span>al treas<span class=\"_ _0\"></span>ury department focuses on the transa<span class=\"_ _0\"></span>ction and trans<span class=\"ws1\">-</span>lation risk e<span class=\"_ _0\"></span>xposures, <span class=\"_ _0\"></span>where<span class=\"_ _0\"></span>as business management seek<span class=\"_ _0\"></span>s to manage the for<span class=\"_ _0\"></span>eign economic risk throug<span class=\"_ _0\"></span>h natural he<span class=\"_ _0\"></span>dges.Each of the above t<span class=\"_ _0\"></span>ypes of foreign currency risk<span class=\"_ _0\"></span> exposure imp<span class=\"_ _0\"></span>acts the \ue615nancial statements di\ue614<span class=\"_ _0\"></span>erently<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e following signi<span class=\"ws1\">-</span>\ue615cant exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes have been applie<span class=\"_ _0\"></span>d:Y<span class=\"_ _2\"></span>early average rate<span class=\"_ _a4\"> </span>Y<span class=\"_ _2\"></span>ear-end closing rate \ue61f\ue61e\ue61f\ue61d<span class=\"_ _c4\"> </span><span class=\"ffc\">2022<span class=\"_ _c4\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _c4\"> </span><span class=\"ffc\">2022</span>EUR/USD\ue61d.\ue61d\ue61c\ue61a\ue616\ue618\ue617<span class=\"_ _286\"> </span>\ue61d.\ue61e\ue618\ue61a\ue61c\ue61b\ue61b<span class=\"_ _eb\"> </span>\ue61d.\ue61d\ue61a\ue61f\ue617<span class=\"_ _eb\"> </span>\ue61d.\ue61e\ue617\ue617\ue617EUR/GBP<span class=\"_ _287\"> </span>\ue61e.\ue61c\ue617\ue61e\ue61e\ue61f<span class=\"_ _286\"> </span>\ue61e.\ue61c\ue618\ue61f\ue617\ue61f\ue61f<span class=\"_ _174\"> </span>\ue61e.\ue61c\ue616\ue61e\ue61f\ue61c<span class=\"_ _212\"> </span>\ue61e.\ue61c\ue61c\ue617\ue61b\ue61aEUR/RMB<span class=\"_ _264\"> </span>\ue619.\ue617\ue61a\ue61a\ue618\ue619\ue616<span class=\"_ _286\"> </span>\ue619.\ue61e\ue61c\ue61e\ue61f\ue61f\ue61d<span class=\"_ _eb\"> </span>\ue619.\ue61d\ue61b\ue616\ue619<span class=\"_ _eb\"> </span>\ue619.\ue61a\ue618\ue61c\ue61fEUR/CAD<span class=\"_ _244\"> </span>\ue61d.\ue616\ue61c\ue61a\ue616\ue61c\ue61b<span class=\"_ _286\"> </span>\ue61d.\ue61a\ue619\ue61e\ue61a\ue618\ue617<span class=\"_ _eb\"> </span>\ue61d.\ue616\ue61a\ue61b\ue61a<span class=\"_ _1a9\"> </span>\ue61d.\ue616\ue616\ue616EUR/AUD<span class=\"_ _288\"> </span>\ue61d.\ue618\ue619\ue616\ue61c\ue61f\ue617<span class=\"_ _286\"> </span>\ue61d.\ue618\ue61d\ue619\ue61a\ue617\ue61d<span class=\"_ _eb\"> </span>\ue61d.\ue618\ue617\ue61d\ue618<span class=\"_ _eb\"> </span>\ue61d.\ue618\ue617\ue61b\ue61aEUR/INR<span class=\"_ _289\"> </span>\ue61c\ue619.\ue616\ue619\ue61b\ue619\ue619\ue61c<span class=\"_ _1a6\"> </span>\ue61c\ue61f.\ue619\ue61d\ue61a\ue61c\ue61e\ue61c<span class=\"_ _174\"> </span>\ue61c\ue616.\ue61f\ue61f\ue61b\ue61f<span class=\"_ _eb\"> </span>\ue61c\ue61c.\ue61d\ue619\ue61dEUR/HKD<span class=\"_ _28a\"> </span>\ue61b.\ue61d\ue61b\ue61c\ue61f\ue61c<span class=\"_ _286\"> </span>\ue61c.\ue61f\ue618\ue61d\ue616\ue61e\ue61b<span class=\"_ _eb\"> </span>\ue61c.\ue61c\ue61a\ue61a\ue61a<span class=\"_ _eb\"> </span>\ue61c.\ue61a\ue61d\ue617\ue61a\ue618e central tr<span class=\"_ _0\"></span>easury department monitors and m<span class=\"_ _0\"></span>anages foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e from the view <span class=\"_ _0\"></span>of its impact on either the statement of \ue615nancial position or<span class=\"_ _0\"></span> pro\ue615t or<span class=\"_ _0\"></span> loss.21.<span class=\"_ _2\"></span>1.1. F<span class=\"_ _2\"></span>oreign currency transaction risk in the statement of \ue61fnancial position\ue618e currencies that primarily<span class=\"_ _0\"></span> impact the net foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e on the statement of \ue615nancial position are as follo<span class=\"_ _0\"></span>ws:Net exposure Hedgingof receivables Cash, cash equivalents  Derivative \ue614nancial  Net positionMILLION FOREIGN CURRENCYand payablesloans &amp; depositsinstrumentsDecember 31, 2021USD<span class=\"_ _28b\"> </span>\ue616\ue616.\ue61e<span class=\"_ _24b\"> </span>\ue619.\ue61d<span class=\"_ _90\"> </span>(\ue616\ue61c.\ue619)<span class=\"_ _c3\"> </span>\ue61f.\ue616RMB<span class=\"_ _245\"> </span>\ue61d\ue61b\ue61e.\ue61b<span class=\"_ _ef\"> </span>(\ue61d\ue61c\ue617.\ue616)<span class=\"_ _1c4\"> </span>-<span class=\"_ _c3\"> </span>\ue616.\ue618GBP<span class=\"_ _28c\"> </span>\ue619.\ue616<span class=\"_ _28d\"> </span>(\ue617.\ue617)<span class=\"_ _3e\"> </span>-<span class=\"_ _c3\"> </span>\ue61e.\ue61cCAD<span class=\"_ _28e\"> </span>(\ue61d.\ue61c)<span class=\"_ _24b\"> </span>\ue61e.\ue619<span class=\"_ _bf\"> </span>-<span class=\"_ _c1\"> </span>(\ue61d.\ue61d)AUD<span class=\"_ _26a\"> </span>\ue617.\ue61f<span class=\"_ _28d\"> </span>(\ue616.\ue61c)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61d.\ue616INR<span class=\"_ _28f\"> </span>\ue61f\ue617\ue61a.\ue61b<span class=\"_ _3e\"> </span>-<span class=\"_ _290\"> </span>(\ue61a\ue617\ue618.\ue61e)<span class=\"_ _23e\"> </span>(\ue61d\ue61e\ue61d.\ue61d)HKD<span class=\"_ _26a\"> </span>\ue61a.\ue61f<span class=\"_ _a9\"> </span>(\ue61f.\ue618)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61e.\ue61cDecember 31, 2022USD<span class=\"_ _28b\"> </span>\ue61f\ue61c.\ue619<span class=\"_ _291\"> </span>\ue61f\ue617.\ue617<span class=\"_ _90\"> </span>(\ue616\ue61c.\ue619)<span class=\"_ _c3\"> </span>\ue617.\ue617RMB<span class=\"_ _245\"> </span>\ue61d\ue618\ue616.\ue61e<span class=\"_ _ef\"> </span>(\ue61d\ue616\ue61a.\ue61d)<span class=\"_ _1c4\"> </span>-<span class=\"_ _33\"> </span>\ue61d\ue61e.\ue61bGBP<span class=\"_ _28c\"> </span>\ue61b.\ue618<span class=\"_ _90\"> </span>(\ue61d\ue61a.\ue61f)<span class=\"_ _3e\"> </span>-<span class=\"_ _c1\"> </span>(\ue61a.\ue619)CAD<span class=\"_ _28e\"> </span>(\ue616.\ue61b)<span class=\"_ _24b\"> </span>\ue61f.\ue619<span class=\"_ _bf\"> </span>-<span class=\"_ _c1\"> </span>(\ue61f.\ue61f)AUD<span class=\"_ _26a\"> </span>\ue61f.\ue617<span class=\"_ _28d\"> </span>(\ue61d.\ue616)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61d.\ue61fINR<span class=\"_ _28f\"> </span>\ue619\ue617\ue61c.\ue618<span class=\"_ _3e\"> </span>-<span class=\"_ _c8\"> </span>(\ue61b\ue61b\ue61a)<span class=\"_ _23e\"> </span>(\ue61f\ue61f\ue616.\ue618)HKD<span class=\"_ _26a\"> </span>\ue617.\ue61d<span class=\"_ _a9\"> </span>(\ue617.\ue61d)<span class=\"_ _3e\"> </span>-<span class=\"_ _163\"> </span>-\ue618e Group uses cash, cash equiv<span class=\"_ _2\"></span>alents, loans and deposits held in a for<span class=\"_ _0\"></span>eign currency as natur<span class=\"_ _2\"></span>al hedges of the net exposure of receiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _2\"></span>ables held in these respective currencies.\ue618e aim of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management regar<span class=\"_ _2\"></span>ding transaction exposur<span class=\"_ _0\"></span>e in the statement of \ue615nancial position is to minimize<span class=\"_ _2\"></span>, over<span class=\"_ _2\"></span> the short term, the revalu<span class=\"_ _0\"></span>ation results \u2013 both re<span class=\"_ _2\"></span>alized and unrealize<span class=\"_ _0\"></span>d \u2013 of items in the statement of \ue615nancial position that are denomina<span class=\"_ _0\"></span>ted in a currency other<span class=\"_ _0\"></span> than the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s functional curr<span class=\"_ _0\"></span>ency<span class=\"_ _2\"></span>.In order<span class=\"_ _0\"></span> to keep the expos<span class=\"_ _0\"></span>ures within pr<span class=\"_ _0\"></span>ede\ue615ned risk adjus<span class=\"_ _0\"></span>ted limits, the centr<span class=\"_ _0\"></span>al tre<span class=\"_ _0\"></span>asury department economically hedges the net outstanding monetary items in the statement of \ue615nancial position in f<span class=\"_ _0\"></span>oreign currency using deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments such as forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts. As of December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, the outstanding deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments are mainly forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contracts w<span class=\"_ _0\"></span>ith maturities of gener<span class=\"_ _0\"></span>ally less than one y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.Where deriv<span class=\"_ _0\"></span>ative \ue615nanci<span class=\"_ _0\"></span>al instruments are used to economically <span class=\"_ _0\"></span>hedge the foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e exposure of r<span class=\"_ _0\"></span>ecognized mo<span class=\"ws1\">-</span>netary assets or lia<span class=\"_ _0\"></span>bilities, no hedge a<span class=\"_ _0\"></span>ccounting is applied. Ch<span class=\"_ _0\"></span>anges in the fair<span class=\"_ _2\"></span> value of these deriva<span class=\"_ _0\"></span>tive \ue615nancial instru<span class=\"ws1\">-</span>ments are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss.21.<span class=\"_ _2\"></span>1.2 Foreign currency translation risk in the statement of \ue61fnancial positionWhen the functional currency of the entity th<span class=\"_ _0\"></span>at holds the inves<span class=\"_ _0\"></span>tment is di\ue614erent from the f<span class=\"_ _0\"></span>unctional currency of the rela<span class=\"ws1\">-</span>ted subsidiary<span class=\"_ _2\"></span>, the curr<span class=\"_ _0\"></span>ency \ue617uctuations on the net inv<span class=\"_ _0\"></span>estment directly a\ue614ect other<span class=\"_ _2\"></span> comprehensive income (\u2018T<span class=\"_ _2\"></span>ranslation reserve<span class=\"_ _0\"></span>\u2019) unless any he<span class=\"_ _0\"></span>dging mechanism exists.All subsidiaries hav<span class=\"_ _0\"></span>e as functional currency the curr<span class=\"_ _0\"></span>ency of the country in which they opera<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e currencies giving rise to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s translation risk<span class=\"_ _0\"></span> in the statement of \ue615nancial position ar<span class=\"_ _0\"></span>e primarily the US Dollar<span class=\"_ _2\"></span>, Chinese Renminbi,<span class=\"_ _0\"></span> Brazilian Real,<span class=\"_ _0\"></span> Mexican P<span class=\"_ _2\"></span>eso, A<span class=\"_ _0\"></span>ustralian Doll<span class=\"_ _0\"></span>ar and British P<span class=\"_ _2\"></span>ound.Net investment in a foreign entityMILLION FOREIGN CURRENCYDecember \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _b2\"> </span><span class=\"ffc\">December 31, 2022</span>USD<span class=\"_ _292\"> </span>\ue61f\ue61a\ue61f<span class=\"_ _251\"> </span>\ue61d\ue61c\ue616RMB<span class=\"_ _293\"> </span>\ue618\ue619\ue61c<span class=\"_ _251\"> </span>\ue618\ue61b\ue617BRL<span class=\"_ _14c\"> </span>\ue61b\ue61f<span class=\"_ _1e5\"> </span>\ue617\ue61fAUD<span class=\"_ _294\"> </span>\ue616\ue61e<span class=\"_ _1e5\"> </span>\ue61d\ue619MXN<span class=\"_ _81\"> </span>\ue61f\ue61a\ue616<span class=\"_ _251\"> </span>\ue61f\ue61d\ue61bGBP<span class=\"_ _295\"> </span>(\ue619\ue619)<span class=\"_ _1e5\"> </span>\ue61d\ue616\ue618e central tr<span class=\"_ _0\"></span>easury department monitors the tr<span class=\"_ _2\"></span>anslation exposure in the statement of \ue615nanci<span class=\"_ _0\"></span>al position of the Group at least on a quarterly<span class=\"_ _0\"></span> basis. <span class=\"_ _2\"></span>\ue618e T<span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>asury Committee proposes correctiv<span class=\"_ _0\"></span>e actions if needed to the Executiv<span class=\"_ _0\"></span>e Management.21.<span class=\"_ _2\"></span>1.3 Foreign currency risk in pro\ue61ft or lossFor<span class=\"_ _0\"></span>eign currency risk in pr<span class=\"_ _0\"></span>o\ue615t or loss includes both <span class=\"_ _0\"></span>the risk of the v<span class=\"_ _0\"></span>ariability of cash \ue617ow<span class=\"_ _0\"></span>s in respect of forecaste<span class=\"_ _0\"></span>d transactions as a result of chang<span class=\"_ _0\"></span>es in exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and the risk that the pr<span class=\"_ _0\"></span>o\ue615t (loss) for<span class=\"_ _0\"></span> the ye<span class=\"_ _0\"></span>ar g<span class=\"_ _0\"></span>enerate<span class=\"_ _0\"></span>d by foreign oper<span class=\"_ _2\"></span>ations may v<span class=\"_ _0\"></span>ary in amount when tr<span class=\"_ _0\"></span>anslated into the presentation curr<span class=\"_ _0\"></span>ency (Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618e central treas<span class=\"_ _0\"></span>ury department monitors and manages both risks simultaneously<span class=\"_ _2\"></span>.\ue618e currencies that primarily<span class=\"_ _0\"></span> impact the net foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e in pro\ue615t or los<span class=\"_ _0\"></span>s are US Dollar<span class=\"_ _2\"></span>, Chinese Renminbi,<span class=\"_ _0\"></span> Ca<span class=\"ls1 ws1\">-</span>nadian Dollar<span class=\"_ _2\"></span>, P<span class=\"_ _2\"></span>ound Sterling, A<span class=\"_ _0\"></span>ustr<span class=\"_ _0\"></span>alian Dollar<span class=\"_ _2\"></span>, Kore<span class=\"_ _0\"></span>an W<span class=\"_ _2\"></span>on, Indian Rupees,<span class=\"_ _0\"></span> Japanese <span class=\"_ _0\"></span>Y<span class=\"_ _2\"></span>en and Swiss Fr<span class=\"_ _0\"></span>anc.\ue618e Executive Man<span class=\"_ _0\"></span>agement decides on the hedging policy of aforementione<span class=\"_ _0\"></span>d currency exposur<span class=\"_ _0\"></span>es considering the market situation and upon proposal of the <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>asury Committee.<span class=\"_ _2\"></span> \ue618e objective of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management of e<span class=\"_ _0\"></span>xposure in pro\ue615t or<span class=\"_ _0\"></span> loss is mainly to incre<span class=\"_ _2\"></span>ase the predictability of results but also to allow<span class=\"_ _0\"></span> the business to rea<span class=\"_ _0\"></span>ct to the changing env<span class=\"_ _0\"></span>ironment (e<span class=\"_ _2\"></span>.g. by adaptin<span class=\"_ _0\"></span>g prices or shifting pr<span class=\"_ _0\"></span>oduction).\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge its curr<span class=\"_ _0\"></span>ency risk rel<span class=\"_ _0\"></span>ated to a forecas<span class=\"_ _0\"></span>ted exposure<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618ese forwar<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup designates only the spot element of forw<span class=\"_ _0\"></span>ard for<span class=\"_ _0\"></span>eign exchan<span class=\"_ _0\"></span>ge con<span class=\"ls1 ws1\">-</span>tracts to he<span class=\"_ _0\"></span>dge its foreign curr<span class=\"_ _0\"></span>ency risk and applies a hedge r<span class=\"_ _2\"></span>atio of 1:1. \ue618e forw<span class=\"_ _2\"></span>ard element of forward e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e contracts is excluded fr<span class=\"_ _0\"></span>om the designation of the hedging instrument and is sep<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tely accounted for<span class=\"_ _2\"></span> in \ue615nancial result. <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s policy is to align the critical terms of the forwar<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts with the hedge<span class=\"_ _0\"></span>d item. <span class=\"_ _2\"></span>\ue618e existence of an economic rela<span class=\"ls1 ws1\">-</span>tionship between the hedg<span class=\"_ _0\"></span>ed item and the hedging instrument is b<span class=\"_ _0\"></span>ased on the currency<span class=\"_ _2\"></span>, amount,<span class=\"_ _0\"></span> and timing of the respective cash \ue617ows.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup assesses whether<span class=\"_ _2\"></span> the derivative designate<span class=\"_ _0\"></span>d in the hedging rel<span class=\"_ _0\"></span>ationship is expected to be and has been e\ue614ective in o\ue614setting chan<span class=\"_ _0\"></span>ges in cash \ue617ows usin<span class=\"_ _0\"></span>g the hypothetical deriv<span class=\"_ _2\"></span>ative method. V<span class=\"_ _2\"></span>ery little ine\ue614ectiveness is e<span class=\"_ _0\"></span>xpected from these cash \ue617ow he<span class=\"_ _0\"></span>dges. In these r<span class=\"_ _0\"></span>elationships,<span class=\"_ _0\"></span> the main sources of ine\ue614ectiveness ar<span class=\"_ _0\"></span>e the counterparty risk<span class=\"_ _0\"></span> and the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s own credit risk<span class=\"_ _0\"></span> on the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the forward e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e contracts <span class=\"_ _0\"></span>which is not re\ue617ected in the fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>. Also ch<span class=\"_ _0\"></span>anges in the timing of the hedged tr<span class=\"_ _2\"></span>ansactions can cause hedge ine\ue614ectiveness.In the course of 2022,<span class=\"_ _0\"></span> the Group designated f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts as \u2018<span class=\"_ _2\"></span>cash \ue617ow hedg<span class=\"_ _0\"></span>es\u2019<span class=\"_ _0\"></span> of its foreign currency e<span class=\"_ _0\"></span>xposure in US Dollar r<span class=\"_ _0\"></span>elated to highly<span class=\"_ _0\"></span> probable f<span class=\"_ _0\"></span>orecasted rev<span class=\"_ _0\"></span>enue over<span class=\"_ _2\"></span> the following 12 months.\ue618e portion of the gain on the forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contr<span class=\"_ _0\"></span>acts that is determined to be an e\ue614ectiv<span class=\"_ _0\"></span>e hedge is recogniz<span class=\"_ _0\"></span>ed directly in \u2018Other<span class=\"_ _0\"></span> comprehensive income<span class=\"_ _2\"></span>\u2019 (December 31,<span class=\"_ _0\"></span> 2022: -<span class=\"_ _0\"></span>2 million Euro net of tax; December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21: -2 million Eur<span class=\"_ _0\"></span>o net of tax).During 202<span class=\"_ _0\"></span>2, losses amounting to 5 million E<span class=\"_ _0\"></span>uro hav<span class=\"_ _0\"></span>e been recognized in <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _1\"></span>\u2019 <span class=\"_ _0\"></span>An amount of 5 million Euro has been r<span class=\"_ _0\"></span>eclassi\ue615ed from <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income\u2019<span class=\"_ _0\"></span> and has been deducted fr<span class=\"_ _0\"></span>om \u2018T<span class=\"_ _2\"></span>urnover\u2019<span class=\"_ _b3\"></span>. During 2021, losses amounting to 3 million Eur<span class=\"_ _0\"></span>o have been r<span class=\"_ _0\"></span>ecognized in <span class=\"_ _0\"></span>\u2018Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> An amount of 1 million Euro has been reclassi\ue615ed fr<span class=\"_ _0\"></span>om \u2018<span class=\"_ _0\"></span>Other compre<span class=\"_ _0\"></span>hensive income<span class=\"_ _0\"></span>\u2019 and has been included in <span class=\"_ _2\"></span>\u2018T<span class=\"_ _0\"></span>urnover\u2019<span class=\"_ _b3\"></span>. T<span class=\"_ _1\"></span>axes amounting to 1 million Euro have been de<span class=\"_ _0\"></span>ducted from \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>\u2019A reconcilia<span class=\"_ _0\"></span>tion in tabular f<span class=\"_ _0\"></span>ormat is pro<span class=\"_ _0\"></span>vided in Note 21.4 <span class=\"_ _0\"></span>\u2018Summarizing table of cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>\u2019\ue618e followin<span class=\"_ _0\"></span>g table summarizes the e\ue614ect of the cash \ue617o<span class=\"_ _0\"></span>w hedges r<span class=\"_ _0\"></span>elated to currency risk<span class=\"_ _0\"></span> on the \ue615nancial statements:2022During the period - 2022Carrying amountMILLION EURODerivative  Other Forward ex<span class=\"_ _0\"></span>change contracts  \ue61d\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _296\"> </span>(\ue61d.\ue61e)\ue614nancial  (\ue618)<span class=\"_ _cb\"> </span>-\ue614nance \ue618<span class=\"_ _cb\"> </span>-<span class=\"_ _71\"> </span>Revenuedesignated as cash \ue613ow hedgesinstrumentsexpense\ue61f\ue61e\ue61f\ue61dDuring the period - \ue61f\ue61e\ue61f\ue61dCarrying amountMILLION EURODerivative  Other Forward ex<span class=\"_ _0\"></span>change contracts  \ue61d\ue618<span class=\"_ _26d\"> </span>-<span class=\"_ _296\"> </span>(\ue61d.\ue61e)\ue614nancial  (\ue61a)<span class=\"_ _cb\"> </span>-\ue614nance (\ue61d)<span class=\"_ _cb\"> </span>-<span class=\"_ _71\"> </span>Revenuedesignated as cash \ue613ow hedgesinstrumentsexpenseCash<span class=\"_ _22\"></span> flow<span class=\"_ _22\"></span> hedge<span class=\"_ _22\"></span>s hed<span class=\"_ _22\"></span>gin<span class=\"_ _22\"></span>g its<span class=\"_ _22\"></span> expo<span class=\"_ _22\"></span>sure i<span class=\"_ _22\"></span>n foreign currency <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing maturities:Maturity20221-3 months<span class=\"_ _af\"> </span>3-12 months<span class=\"_ _186\"> </span>More than 1 yearForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedgesNominal amounts net in millions of foreign currency<span class=\"_ _1bf\"> </span>USD<span class=\"_ _18c\"> </span>\ue61d\ue61c<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Average EUR:USD forward contract rate<span class=\"_ _297\"> </span>\ue61d.\ue61d\ue61f\ue619\ue619\ue61e<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Maturity\ue61f\ue61e\ue61f\ue61d\ue61d-\ue61a months<span class=\"_ _af\"> </span>\ue61a-\ue61d\ue61f months<span class=\"_ _cc\"> </span>More than \ue61d yearForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedgesNominal amounts net in millions of foreign currency<span class=\"_ _1bf\"> </span>USD<span class=\"_ _18c\"> </span>\ue61d\ue61c<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Average EUR:USD forward contract rate<span class=\"_ _297\"> </span>\ue61d.\ue61f\ue61a\ue61f\ue616\ue61a<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-21.<span class=\"_ _2\"></span>1.4 Sensitivity analysis foreign currency riskA stren<span class=\"_ _0\"></span>gthening<span class=\"_ _22\"></span>/we<span class=\"_ _2\"></span>akening of the Euro by 1<span class=\"_ _0\"></span>0% against the currencies listed her<span class=\"_ _0\"></span>eafter<span class=\"_ _2\"></span> with all other v<span class=\"_ _2\"></span>ariables held constant, would hav<span class=\"_ _0\"></span>e increase<span class=\"_ _0\"></span>d (decre<span class=\"_ _0\"></span>ased) pro\ue615t or<span class=\"_ _0\"></span> loss by the amounts sho<span class=\"_ _0\"></span>wn below<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e analysis has been carried out on the budgeted net expos<span class=\"_ _0\"></span>ure by curr<span class=\"_ _0\"></span>ency for the <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> 2022, net of the use of cash \ue617ow hedg<span class=\"_ _0\"></span>es.Pro\ue614t and loss\ue61f\ue61e\ue61f\ue61d<span class=\"_ _298\"> </span><span class=\"ffc\">2022</span>Strengthening of the W<span class=\"_ _0\"></span>eakening of the  Strengthening of the W<span class=\"_ _0\"></span>eakening of the  MILLION EUROEuro by \ue61d\ue61e%Euro by \ue61d\ue61e%Euro by 10%Euro by 10%USD<span class=\"_ _299\"> </span>\ue61f.\ue61e<span class=\"_ _23f\"> </span>(\ue61f.\ue61e)<span class=\"_ _12c\"> </span>\ue618.\ue618<span class=\"_ _23f\"> </span>(\ue618.\ue618)RMB<span class=\"_ _1d4\"> </span>(\ue616.\ue617)<span class=\"_ _12c\"> </span>\ue616.\ue617<span class=\"_ _bc\"> </span>(\ue61f.\ue61f)<span class=\"_ _217\"> </span>\ue61f.\ue61fCAD<span class=\"_ _299\"> </span>\ue61e.\ue61a<span class=\"_ _bc\"> </span>(\ue61e.\ue61a)<span class=\"_ _23f\"> </span>(\ue61e.\ue616)<span class=\"_ _217\"> </span>\ue61e.\ue616GBP<span class=\"_ _29a\"> </span>(\ue61a.\ue61f)<span class=\"_ _217\"> </span>\ue61a.\ue61f<span class=\"_ _bc\"> </span>(\ue616.\ue61d)<span class=\"_ _217\"> </span>\ue616.\ue61dAUD<span class=\"_ _29b\"> </span>(\ue61d.\ue617)<span class=\"_ _217\"> </span>\ue61d.\ue617<span class=\"_ _bc\"> </span>(\ue61d.\ue61b)<span class=\"_ _217\"> </span>\ue61d.\ue61bINR<span class=\"_ _29c\"> </span>(\ue61a.\ue61f)<span class=\"_ _217\"> </span>\ue61a.\ue61f<span class=\"_ _bc\"> </span>(\ue61a.\ue616)<span class=\"_ _217\"> </span>\ue61a.\ue616KRW<span class=\"_ _15d\"> </span><span class=\"ls1 ws1\">(\ue61d.\ue61b)<span class=\"_ _217\"> </span>\ue61d.\ue61b<span class=\"_ _bc\"> </span>(\ue61f.\ue61e)<span class=\"_ _217\"> </span>\ue61f.\ue61e</span>CHF<span class=\"_ _29d\"> </span>(\ue61d.\ue61d)<span class=\"_ _217\"> </span>\ue61d.\ue61d<span class=\"_ _bc\"> </span>(\ue61d.\ue61d)<span class=\"_ _217\"> </span>\ue61d.\ue61dJPY<span class=\"_ _29e\"> </span>(\ue61f.\ue61c)<span class=\"_ _217\"> </span>\ue61f.\ue61c<span class=\"_ _bc\"> </span>(\ue61a.\ue618)<span class=\"_ _217\"> </span>\ue61a.\ue618With r<span class=\"_ _0\"></span>egard to cash \ue617ow<span class=\"_ _0\"></span> hedges,<span class=\"_ _0\"></span> a strengthening<span class=\"_ _22\"></span>/<span class=\"_ _0\"></span>weak<span class=\"_ _2\"></span>ening of the Euro by 10% against the US Dollar<span class=\"_ _2\"></span> would have an impact to <span class=\"_ _0\"></span>\u2018Other C<span class=\"_ _0\"></span>omprehensive income<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> net of tax of 1.5 million/(1.5) million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is analysis assumes that all other vari<span class=\"_ _0\"></span>ables, in particul<span class=\"_ _0\"></span>ar inter<span class=\"_ _0\"></span>est rates,<span class=\"_ _2\"></span> remain constant and ignores any imp<span class=\"_ _0\"></span>act of forecasted sales.<span class=\"_ _2\"></span>  21.2 Interest rate riskInterest r<span class=\"_ _0\"></span>ate risk is the risk th<span class=\"_ _0\"></span>at the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash \ue617ows of a \ue615nancial instr<span class=\"_ _0\"></span>ument will \ue617uctuate due to chan<span class=\"_ _0\"></span>ges in market inter<span class=\"_ _0\"></span>est rates.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to chan<span class=\"_ _0\"></span>ges in interest r<span class=\"_ _2\"></span>ates primarily relates to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net \ue615nancial de<span class=\"_ _0\"></span>bt position, including the FX<span class=\"_ _0\"></span>-sw<span class=\"_ _2\"></span>aps and its interest component that economically hedge inter<span class=\"_ _0\"></span>company lo<span class=\"_ _0\"></span>ans and deposits. F<span class=\"_ _2\"></span>or the most im<span class=\"ls1 ws1\">-</span>portant currencies the follow<span class=\"_ _0\"></span>ing interest r<span class=\"_ _2\"></span>ate pro\ue615le exists at the reporting d<span class=\"_ _0\"></span>ate:Pro\ue614t and loss\ue61f\ue61e\ue61f\ue61d<span class=\"_ _298\"> </span><span class=\"ffc\">2022</span>Outstanding amount<span class=\"_ _29f\"> </span>Outstanding amount<span class=\"_ _29f\"> </span><span class=\"ffc\">Outstanding amount<span class=\"_ _29f\"> </span>Outstanding amount</span>MILLION EUROAt \ue613oating rate<span class=\"_ _233\"> </span>At \ue614xed rate<span class=\"_ _233\"> </span><span class=\"ffc\">At \ue613oating rate<span class=\"_ _233\"> </span>At \ue615xed rate</span>EUR<span class=\"_ _226\"> </span>(\ue61f\ue618\ue61e)<span class=\"_ _2a0\"> </span>-<span class=\"_ _217\"> </span>(\ue616)<span class=\"_ _177\"> </span>-USD<span class=\"_ _197\"> </span>(\ue61a\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _d4\"> </span>(\ue61d\ue616)<span class=\"_ _2a0\"> </span>-GBP<span class=\"_ _65\"> </span>\ue61d<span class=\"_ _166\"> </span>-<span class=\"_ _d4\"> </span>(\ue61f\ue616)<span class=\"_ _2a0\"> </span>-RMB<span class=\"_ _29d\"> </span>(\ue61d\ue617)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12a\"> </span>(\ue61a\ue616)<span class=\"_ _177\"> </span>-AUD<span class=\"_ _29a\"> </span>(\ue61f\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue619)<span class=\"_ _2a0\"> </span>-JPY<span class=\"_ _2a1\"> </span>\ue61d\ue61a<span class=\"_ _2a0\"> </span>-<span class=\"_ _195\"> </span>\ue61d\ue61d<span class=\"_ _177\"> </span>-BRL<span class=\"_ _2a2\"> </span>\ue61d\ue618<span class=\"_ _2a0\"> </span>-<span class=\"_ _195\"> </span>\ue61d\ue617<span class=\"_ _177\"> </span>-CAD<span class=\"_ _2a3\"> </span>(\ue61d\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12a\"> </span>(\ue61f\ue61f)<span class=\"_ _2a0\"> </span>-HKD<span class=\"_ _29e\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-PLN<span class=\"_ _299\"> </span>(\ue618)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue616)<span class=\"_ _2a0\"> </span>-KRW<span class=\"_ _2a4\"> </span><span class=\"ls1 ws1\">(\ue616)<span class=\"_ _2a0\"> </span>-<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _2a0\"> </span>-</span>ZAR<span class=\"_ _2a5\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue61d)<span class=\"_ _2a0\"> </span>-INR<span class=\"_ _1b3\"> </span>(\ue61d\ue61f)<span class=\"_ _166\"> </span>-<span class=\"_ _12c\"> </span>(\ue616)<span class=\"_ _2a0\"> </span>-Other<span class=\"_ _194\"> </span>\ue61d\ue61c<span class=\"_ _2a0\"> </span>-<span class=\"_ _13f\"> </span>\ue61f\ue61d<span class=\"_ _2a0\"> </span>-TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2a6\"> </span><span class=\"ls1 ws1\">(325)<span class=\"_ _2a0\"> </span>-<span class=\"_ _14e\"> </span>(72)<span class=\"_ _2a0\"> </span>-</span>NET FINANCIAL DEBT<span class=\"_ _258\"> </span>(325)<span class=\"_ _2a7\"> </span>(72)21.2.<span class=\"_ _2\"></span>1 Sensitivity analysis interest rate riskA chang<span class=\"_ _0\"></span>e of 100 basis points in interest r<span class=\"_ _2\"></span>ates at December 31, 20<span class=\"_ _2\"></span>22 would have incr<span class=\"_ _0\"></span>eased (decr<span class=\"_ _0\"></span>eased) pr<span class=\"_ _0\"></span>o\ue615t or loss b<span class=\"_ _0\"></span>y the amounts shown belo<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618is analysis assumes that all other <span class=\"_ _0\"></span>varia<span class=\"_ _0\"></span>bles, in particular<span class=\"_ _2\"></span> foreign currency ra<span class=\"_ _0\"></span>tes, remain cons<span class=\"_ _0\"></span>tant.\ue618e analysis is performed on the same b<span class=\"_ _0\"></span>asis for 20<span class=\"_ _2\"></span>21.Pro\ue614t and loss\ue61d\ue61e\ue61e bp increase<span class=\"_ _df\"> </span>\ue61d\ue61e\ue61e bp decreaseDecember 31, 2021Net impact<span class=\"_ _10a\"> </span>\ue61a.\ue61a\ue61e<span class=\"_ _b0\"> </span>(\ue61a.\ue61a\ue61e)December 31, 2022Net impact<span class=\"_ _10a\"> </span>\ue61e.\ue619\ue61f<span class=\"_ _b0\"> </span>(\ue61e,\ue619\ue61f)21.3 Commodity price risk\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s most important ra<span class=\"_ _0\"></span>w material e<span class=\"_ _0\"></span>xposures rel<span class=\"_ _0\"></span>ate to silver<span class=\"_ _0\"></span> and aluminum. <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s commodity price risk<span class=\"_ _0\"></span> \u2013 i.e<span class=\"_ _2\"></span>. the risk that its futur<span class=\"_ _0\"></span>e cash \ue617ows and e<span class=\"_ _0\"></span>arnings may <span class=\"_ _0\"></span>vary because of chang<span class=\"_ _0\"></span>ed material prices \u2013 is highly<span class=\"_ _0\"></span> connected with other<span class=\"_ _2\"></span> factors such as the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s competitive position within an industry<span class=\"_ _2\"></span>, its re<span class=\"_ _0\"></span>lationship with cus<span class=\"_ _0\"></span>tomers and suppliers.In the past,<span class=\"_ _0\"></span> the Group applied for<span class=\"_ _0\"></span> the purchase of aluminum,<span class=\"_ _0\"></span> a strategy of pur<span class=\"_ _0\"></span>chasing at spot r<span class=\"_ _0\"></span>ates, combined <span class=\"_ _0\"></span>with a sys<span class=\"_ _0\"></span>tem of \"Rolling lay<span class=\"_ _0\"></span>ered forw<span class=\"_ _0\"></span>ard buy<span class=\"_ _0\"></span>ing\"<span class=\"_ _1\"></span>, in order<span class=\"_ _2\"></span> to prevent negative e\ue614ects fr<span class=\"_ _0\"></span>om potential future price rises or<span class=\"_ _0\"></span> price vola<span class=\"_ _0\"></span>tility of aluminum. <span class=\"_ _2\"></span>\ue618e amount of<span class=\"_ _22\"></span> forwar<span class=\"_ _0\"></span>d buying w<span class=\"_ _2\"></span>as de\ue615ned based on the metal volume for<span class=\"_ _2\"></span> customer contra<span class=\"_ _0\"></span>cts without alu<span class=\"ws1\">-</span>minum clauses. In 2<span class=\"_ _0\"></span>022,<span class=\"_ _0\"></span> almost all contra<span class=\"_ _0\"></span>cts contain quarterly price adjustment clauses,<span class=\"_ _2\"></span> a.o.<span class=\"_ _0\"></span> for aluminum,<span class=\"_ _0\"></span> eliminating the need for<span class=\"_ _0\"></span> forwar<span class=\"_ _0\"></span>d buying<span class=\"_ _0\"></span>. Hence the s<span class=\"_ _0\"></span>ystem of forwar<span class=\"_ _0\"></span>d buying is not use<span class=\"_ _0\"></span>d anymore<span class=\"_ _2\"></span>. As from 20<span class=\"_ _0\"></span>22, the Group no lon<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span> concludes metal sw<span class=\"_ _0\"></span>ap agreements with b<span class=\"_ _0\"></span>anks.<span class=\"_ _0\"></span>  At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> there are no outs<span class=\"_ _0\"></span>tanding metal sw<span class=\"_ _2\"></span>ap agreements. During 2021,<span class=\"_ _2\"></span> gains amounting to 7 mil<span class=\"ws1\">-</span>lion Euro ha<span class=\"_ _0\"></span>ve been recogniz<span class=\"_ _0\"></span>ed in \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. An amount of 13 million E<span class=\"_ _0\"></span>uro has been recl<span class=\"_ _0\"></span>assi\ue615ed from \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019 and has been de<span class=\"_ _0\"></span>ducted in \u2018In<span class=\"_ _0\"></span>ventory\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>axes amounting to 1 million E<span class=\"_ _0\"></span>uro hav<span class=\"_ _0\"></span>e been included in \u2018<span class=\"_ _0\"></span>Other compre<span class=\"_ _0\"></span>hensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.A reconcilia<span class=\"_ _0\"></span>tion in tabular f<span class=\"_ _0\"></span>ormat is pro<span class=\"_ _0\"></span>vided in Note 21.4 <span class=\"_ _0\"></span>\u2018Summarizing table of cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table summarizes the e\ue614ect of the cash \ue617o<span class=\"_ _0\"></span>w hedges r<span class=\"_ _0\"></span>elated to commodity risk<span class=\"_ _0\"></span> on the \ue615nancial statements:2022<span class=\"_ _245\"> </span>During the period - 2022Carrying amountAssets<span class=\"_ _71\"> </span>LiabilitiesMILLION EUROMetal swap agreements<span class=\"_ _38\"> </span>-<span class=\"_ _29\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue61f\ue61e\ue61f\ue61d<span class=\"_ _245\"> </span>During the period - \ue61f\ue61e\ue61f\ue61dCarrying amountAssets<span class=\"_ _71\"> </span>LiabilitiesMILLION EURODerivative Metal swap agreements<span class=\"_ _ae\"> </span>-<span class=\"_ _1a2\"> </span>-\ue614nancial \ue619<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _232\"> </span>(\ue61d\ue61a)<span class=\"_ _259\"> </span>-instruments21.3.<span class=\"_ _2\"></span>1 Sensitivity analysis commo<span class=\"_ _22\"></span>dity price riskFor<span class=\"_ _2\"></span> 2022, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of silver<span class=\"_ _0\"></span> is around 8<span class=\"_ _0\"></span>2 tons (2021: 89 tons).<span class=\"_ _2\"></span> For ev<span class=\"_ _0\"></span>ery US Dollar/<span class=\"_ _2\"></span>troy change in the silver<span class=\"_ _0\"></span> price,<span class=\"_ _0\"></span> the impact on the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s consolidated pro\ue615t or los<span class=\"_ _0\"></span>s statement is estimate<span class=\"_ _0\"></span>d at 2.6 million US Dollar<span class=\"_ _0\"></span> on a ye<span class=\"_ _0\"></span>arly basis (20<span class=\"_ _0\"></span>21: 2.8 million US Dollar).<span class=\"_ _0\"></span> \ue618e an<span class=\"_ _0\"></span>alysis has been carried out on the actual e<span class=\"_ _0\"></span>xposed volume f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 2022.<span class=\"_ _2\"></span> \ue618e aforementioned Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of silver<span class=\"_ _0\"></span> disregar<span class=\"_ _0\"></span>ds the ability to partly<span class=\"_ _0\"></span> charge its customers <span class=\"_ _0\"></span>without existing silver<span class=\"_ _0\"></span> clauses on the v<span class=\"_ _0\"></span>ariability of the silv<span class=\"_ _0\"></span>er price<span class=\"_ _2\"></span>. For<span class=\"_ _2\"></span> 2022, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of aluminum is around 77 kilotons (20<span class=\"_ _2\"></span>21: 72 kilotons). F<span class=\"_ _2\"></span>or every 100 US Dollar/<span class=\"_ _2\"></span>ton change in the E<span class=\"_ _0\"></span>uropean aluminium metal price (LME<span class=\"_ _0\"></span>), the impa<span class=\"_ _0\"></span>ct on the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s aluminum spending is estimated at 3.4 million Euro on a y<span class=\"_ _0\"></span>early b<span class=\"_ _0\"></span>asis (2021: 3 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> every 500 Chinese Y<span class=\"_ _2\"></span>uan/<span class=\"_ _0\"></span>ton change in the Chinese alu metal price (SHME &amp; CNAL),<span class=\"_ _2\"></span> the impact on the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s aluminum spending is estimated at 2.1 million Eur<span class=\"_ _0\"></span>o on a ye<span class=\"_ _0\"></span>arly basis (20<span class=\"_ _0\"></span>21: 1.8 million Euro<span class=\"_ _0\"></span>). Both analyses ha<span class=\"_ _0\"></span>ve been carried out on the budg<span class=\"_ _0\"></span>eted exposed v<span class=\"_ _0\"></span>olume for the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 converted a<span class=\"_ _0\"></span>t the budgeted r<span class=\"_ _0\"></span>ate of respectively<span class=\"_ _0\"></span> the US Dollar and Chinese <span class=\"_ _2\"></span>Yuan to E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>.\ue618e aforementioned Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of aluminum disregar<span class=\"_ _0\"></span>ds both the ability to p<span class=\"_ _0\"></span>artly charge its customers on the v<span class=\"_ _0\"></span>ariability of the aluminum metal price<span class=\"_ _0\"></span>, as w<span class=\"_ _0\"></span>ell as any he<span class=\"_ _0\"></span>dging done.<span class=\"_ _2\"></span> By year<span class=\"_ _0\"></span>-end 2021 the O\ue614set Solutions division h<span class=\"_ _0\"></span>ad updated a majorit<span class=\"_ _0\"></span>y of its contracts for<span class=\"_ _2\"></span> printing plates with quarterly price adjus<span class=\"_ _0\"></span>tment clauses, hence r<span class=\"_ _0\"></span>educing dr<span class=\"_ _0\"></span>astically the exposure to aluminum.21.4 Summarizing table of cash \ue60bow hedge reserve: currency risk and commodity risk\ue618e followin<span class=\"_ _0\"></span>g table prov<span class=\"_ _0\"></span>ides a summary of the e\ue614ect in accumulated other<span class=\"_ _2\"></span> comprehensive income of cash \ue617ow hedges b<span class=\"_ _0\"></span>y type of risk:Cash \ue613ow hedges related to TOT<span class=\"_ _0\"></span>ALCurrency risk<span class=\"_ _ae\"> </span>Commodity riskOther comprehensive income at January 1, 2021<span class=\"_ _1dd\"> </span>2<span class=\"_ _f8\"> </span>4<span class=\"_ _f8\"> </span>7E\ue615ective portion of changes in fair value booked in 'Other comprehensive income'<span class=\"_ _2a8\"> </span>(\ue61a)<span class=\"_ _f8\"> </span>\ue619<span class=\"_ _f8\"> </span>\ue616Changes in fair value of cash \ue613ow hedges reclassi\ue614ed to turnover<span class=\"_ _145\"> </span>(\ue61d)<span class=\"_ _b2\"> </span>-<span class=\"_ _18c\"> </span>(\ue61d)Adjustments for amounts transferred to initial carrying amount of inventory <span class=\"_ _bf\"> </span>-<span class=\"_ _147\"> </span>(\ue61d\ue61a)<span class=\"_ _147\"> </span>(\ue61d\ue61a)Income taxes<span class=\"_ _1e4\"> </span>\ue61d<span class=\"_ _14b\"> </span>\ue61d<span class=\"_ _f8\"> </span>\ue61fOther comprehensive income at December 31, 2021<span class=\"_ _1b8\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)Other comprehensive income at January 1, 2022<span class=\"_ _2a9\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)E\ue615ective portion of changes in fair value booked in 'Other comprehensive income'<span class=\"_ _2a8\"> </span>(\ue618)<span class=\"_ _b2\"> </span>-<span class=\"_ _18c\"> </span>(\ue618)Changes in fair value of cash \ue613ow hedges reclassi\ue614ed to turnover<span class=\"_ _264\"> </span>\ue618<span class=\"_ _241\"> </span>-<span class=\"_ _f8\"> </span>\ue618Adjustments for amounts transferred to initial carrying amount of inventory<span class=\"_ _251\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _b2\"> </span>-Income taxes<span class=\"_ _2aa\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _241\"> </span>-Other comprehensive income at December 31, 2022<span class=\"_ _1b8\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)\ue618ere are no b<span class=\"_ _0\"></span>alances in hedge reserve r<span class=\"_ _0\"></span>elated to he<span class=\"_ _0\"></span>dge rela<span class=\"_ _0\"></span>tionships for w<span class=\"_ _0\"></span>hich hedge accounting is no lon<span class=\"_ _0\"></span>ger applie<span class=\"_ _0\"></span>d. \ue61d\ue61d.<span class=\"_ _0\"></span> CREDIT RISKCredit risk is the risk<span class=\"_ _0\"></span> that the counterpart<span class=\"_ _0\"></span>y to a \ue615nancial instrument m<span class=\"_ _0\"></span>ay fail to disch<span class=\"_ _0\"></span>arge an obligation and cause the Group to incur<span class=\"_ _0\"></span> a \ue615nancial loss.\ue618e Group manag<span class=\"_ _0\"></span>es exposure to cr<span class=\"_ _0\"></span>edit risk by<span class=\"_ _0\"></span> working w<span class=\"_ _0\"></span>ith upfront agreed counterp<span class=\"_ _0\"></span>arty credit limits and thr<span class=\"_ _0\"></span>ough diver<span class=\"_ _0\"></span><span class=\"ws1\">-</span>si\ue615cation of counterparties.Credit risk arises m<span class=\"_ _0\"></span>ainly from the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s receiv<span class=\"_ _2\"></span>ables from customers, inv<span class=\"_ _0\"></span>estments and foreign curr<span class=\"_ _0\"></span>ency forwar<span class=\"_ _0\"></span>d contracts.\ue618e exposure to cr<span class=\"_ _0\"></span>edit risk from cus<span class=\"_ _0\"></span>tomer r<span class=\"_ _0\"></span>eceivables is monitor<span class=\"_ _0\"></span>ed on an ongoing b<span class=\"_ _0\"></span>asis by the Cr<span class=\"_ _0\"></span>edit Committee<span class=\"_ _0\"></span>. Credit limits are set for<span class=\"_ _0\"></span> each customer<span class=\"_ _2\"></span> based on its creditworthines<span class=\"_ _0\"></span>s and are review<span class=\"_ _0\"></span>ed periodically by<span class=\"_ _0\"></span> the Credit Committee<span class=\"_ _2\"></span>. In monitoring the credit risk,<span class=\"_ _0\"></span> customers are groupe<span class=\"_ _0\"></span>d in risk categories a<span class=\"_ _0\"></span>ccording to their<span class=\"_ _0\"></span> \ue615nancial char<span class=\"_ _0\"></span>acteristics.<span class=\"_ _0\"></span> It is the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s policy to cover<span class=\"_ _0\"></span> a portion of the receiv<span class=\"_ _0\"></span>ables portfolio through cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance to cover<span class=\"_ _0\"></span> default risk.Goods sold are subject to retention of title cla<span class=\"_ _0\"></span>uses, so that in the ev<span class=\"_ _0\"></span>ent of non-payment,<span class=\"_ _0\"></span> the Group may<span class=\"_ _0\"></span> have a secur<span class=\"_ _0\"></span>ed claim. In normal cir<span class=\"_ _0\"></span>cumstances, the Gr<span class=\"_ _0\"></span>oup does not require colla<span class=\"_ _0\"></span>teral in respect of tr<span class=\"_ _2\"></span>ade or other r<span class=\"_ _0\"></span>eceivables.T<span class=\"_ _2\"></span>ransactions in<span class=\"_ _0\"></span>volving deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments and deposits ar<span class=\"_ _0\"></span>e to be kept within pr<span class=\"_ _0\"></span>ede\ue615ned credit limits set b<span class=\"_ _0\"></span>y counterparty b<span class=\"_ _0\"></span>ased on the Standard &amp; P<span class=\"_ _2\"></span>oor\u2019<span class=\"_ _2\"></span>s rating of the r<span class=\"_ _0\"></span>elated \ue615nancial ins<span class=\"_ _0\"></span>titution. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o minimize the concentration of counterparty risk,<span class=\"_ _0\"></span> the Group enters into deriv<span class=\"_ _0\"></span>ative tr<span class=\"_ _0\"></span>ansactions with a number<span class=\"_ _2\"></span> of \ue615nancial institutions. Inv<span class=\"_ _0\"></span>estments are only allowe<span class=\"_ _0\"></span>d in liquid assets.22.<span class=\"_ _2\"></span>1 Exp<span class=\"_ _22\"></span>osure to credit riskAs a result of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s broa<span class=\"_ _0\"></span>d customer portf<span class=\"_ _0\"></span>olio,<span class=\"_ _0\"></span> there wer<span class=\"_ _0\"></span>e no signi\ue615cant concentrations of cr<span class=\"_ _0\"></span>edit risk at December<span class=\"_ _0\"></span> 31, 2022.<span class=\"_ _2\"></span> \ue618e maximum exposur<span class=\"_ _0\"></span>e is kept w<span class=\"_ _0\"></span>ithin prede\ue615ned limits.\ue618e carrying amounts of the \ue615nancial assets,<span class=\"_ _0\"></span> including deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments, in the statement <span class=\"_ _0\"></span>of \ue615nancial po<span class=\"ws1\">-</span>sition re\ue617ect the maximum expos<span class=\"_ _0\"></span>ure to credit risk.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e maximum exposur<span class=\"_ _0\"></span>e to credit risk at the r<span class=\"_ _0\"></span>eporting date per<span class=\"_ _0\"></span> class of \ue615nancial asset is as follo<span class=\"_ _0\"></span>ws:MILLION EURO\ue610<span class=\"_ _13e\"> </span>Note<span class=\"_ _fa\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Financial assets at fair value through OCI\ue614Equity instruments<span class=\"_ _2ab\"> </span>\ue61a\ue61e.\ue61f<span class=\"_ _fb\"> </span>\ue619<span class=\"_ _13f\"> </span>\ue616Financial assets at fair value through pro\ue615t or lossDerivatives not part of a hedging relationship \u2013 assets<span class=\"_ _289\"> </span>\ue61f\ue618<span class=\"_ _2ac\"> </span>\ue61d<span class=\"_ _b4\"> </span>\ue61aFinancial assets at amortized cost and contract assetsT<span class=\"_ _2\"></span>rade receivables<span class=\"_ _2ad\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _1df\"> </span>\ue61a\ue61d\ue61b<span class=\"_ _bc\"> </span>\ue61a\ue61e\ue61eContract assets<span class=\"_ _a\"> </span>\ue61c.\ue61a<span class=\"_ _25e\"> </span>\ue619\ue617<span class=\"_ _14b\"> </span>\ue61b\ue616Receivables under \ue614nance lease<span class=\"_ _1ea\"> </span>\ue61a\ue61d<span class=\"_ _2ae\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _13c\"> </span>\ue61d\ue61e\ue61aOther receivables<span class=\"_ _13d\"> </span>\ue61a\ue61a<span class=\"_ _2ac\"> </span>\ue616<span class=\"_ _b4\"> </span>\ue617Other investments and loans measured at cost\ue610<span class=\"_ _28c\"> </span>\ue61a\ue61e.\ue61f<span class=\"_ _2af\"> </span>\ue616<span class=\"_ _b4\"> </span>\ue61dCash\ue610<span class=\"_ _210\"> </span>\ue61a\ue616<span class=\"_ _2ae\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _13c\"> </span>\ue61d\ue61a\ue61cTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2b0\"> </span><span class=\"ls1 ws1\">909<span class=\"_ _13c\"> </span>650</span>At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> the exposur<span class=\"_ _0\"></span>e to credit risk for<span class=\"_ _2\"></span> trade receiv<span class=\"_ _2\"></span>ables, contract assets and le<span class=\"_ _0\"></span>ase receiv<span class=\"_ _2\"></span>ables by geogr<span class=\"_ _0\"></span>aphic region w<span class=\"_ _0\"></span>as as follows: \ue61f\ue61e\ue61f\ue61d<span class=\"_ _27\"> </span><span class=\"ffc\">2022</span>MILLION EUROT<span class=\"_ _2\"></span>rade receivables<span class=\"_ _183\"> </span>C<span class=\"_ _0\"></span>ontract assets<span class=\"_ _bd\"> </span>Lease receivables<span class=\"_ _d2\"> </span><span class=\"ffc\">T<span class=\"_ _2\"></span>rade receivables<span class=\"_ _bd\"> </span>Contract assets<span class=\"_ _bd\"> </span>Lease receivables</span>Europe<span class=\"_ _1bf\"> </span>\ue61d\ue61a\ue618<span class=\"_ _c6\"> </span>\ue61f\ue618<span class=\"_ _c6\"> </span>\ue619\ue61a<span class=\"_ _206\"> </span>\ue61d\ue61f\ue617<span class=\"_ _c6\"> </span>\ue61a\ue616<span class=\"_ _c6\"> </span>\ue617\ue619NAFT<span class=\"_ _2\"></span>A<span class=\"_ _2b1\"> </span>\ue616\ue619<span class=\"_ _c6\"> </span>\ue616\ue616<span class=\"_ _c6\"> </span>\ue61f\ue617<span class=\"_ _246\"> </span>\ue616\ue619<span class=\"_ _c6\"> </span>\ue616\ue61b<span class=\"_ _c6\"> </span>\ue61a\ue619Latin America<span class=\"_ _b0\"> </span><span class=\"ws1\">\ue61f\ue619<span class=\"_ _12a\"> </span>\ue617<span class=\"_ _1a6\"> </span>-<span class=\"_ _c6\"> </span>\ue61a\ue61d<span class=\"_ _1a2\"> </span>\ue619<span class=\"_ _1a6\"> </span>-</span>Asia/Oceania/Africa<span class=\"_ _98\"> </span>\ue61d\ue61d\ue61e<span class=\"_ _12a\"> </span>\ue61f<span class=\"_ _1a6\"> </span>-<span class=\"_ _c6\"> </span>\ue61b\ue617<span class=\"_ _1a2\"> </span>\ue618<span class=\"_ _1a6\"> </span>-TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2b2\"> </span><span class=\"ls1 ws1\">319<span class=\"_ _c6\"> </span>76<span class=\"_ _206\"> </span>100<span class=\"_ _206\"> </span>300<span class=\"_ _1a5\"> </span>94<span class=\"_ _206\"> </span>103</span>22.2 Expected credit lossWith r<span class=\"_ _0\"></span>egard to impairment of tr<span class=\"_ _2\"></span>ade receivables,<span class=\"_ _0\"></span> lease receiv<span class=\"_ _2\"></span>ables and contract assets,<span class=\"_ _0\"></span> the Group applies the simpli\ue615ed <span class=\"_ _20\"></span><span class=\"ws1\"> </span>approach f<span class=\"_ _0\"></span>or the impairment ev<span class=\"_ _2\"></span>aluation, which implies tha<span class=\"_ _0\"></span>t credit losses for<span class=\"_ _2\"></span> these categories of assets are alwa<span class=\"_ _0\"></span>ys meas<span class=\"_ _0\"></span>ured at an amount equal to lifetime expecte<span class=\"_ _0\"></span>d credit losses.<span class=\"_ _0\"></span> Credit losses ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed as the present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> all cash shortfalls \u2013 i.e<span class=\"_ _2\"></span>. the di\ue614erence between the cash \ue617o<span class=\"_ _0\"></span>ws to which the entity is entitle<span class=\"_ _0\"></span>d to and what the entity e<span class=\"_ _0\"></span>xpects to receive<span class=\"_ _2\"></span>.\ue618e inputs and assumptions to the expected cr<span class=\"_ _0\"></span>edit loss model ar<span class=\"_ _0\"></span>e the following: signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancial di\ue616culty of the coun<span class=\"ws1\">-</span>terparty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> a default of more than 90 da<span class=\"_ _0\"></span>ys past due<span class=\"_ _2\"></span>, a possible bankruptcy of the counterparty<span class=\"_ _1\"></span>.\ue618e evalu<span class=\"_ _0\"></span>ation of possible credit-impairment tak<span class=\"_ _2\"></span>es into account forward-looking elements.<span class=\"_ _2\"></span> For the ma<span class=\"_ _0\"></span>jor part of the ac<span class=\"ws1\">-</span>counts receiv<span class=\"_ _0\"></span>able balances,<span class=\"_ _0\"></span> debtors are scor<span class=\"_ _0\"></span>ed and rate<span class=\"_ _0\"></span>d based on quantitativ<span class=\"_ _0\"></span>e and qualitative inform<span class=\"_ _0\"></span>ation on an ongoing basis through Cr<span class=\"_ _0\"></span>edit Risk Applica<span class=\"_ _0\"></span>tion in place<span class=\"_ _0\"></span>. All cus<span class=\"_ _0\"></span>tomers are classi\ue615ed into di\ue614er<span class=\"_ _0\"></span>ent risk categ<span class=\"_ _0\"></span>ories which are re<span class=\"_ _2\"></span>as<span class=\"ws1\">-</span>sessed on a ye<span class=\"_ _2\"></span>arly basis based on relev<span class=\"_ _2\"></span>ant for<span class=\"_ _22\"></span>w<span class=\"_ _0\"></span>ard-looking informa<span class=\"_ _0\"></span>tion such as data from e<span class=\"_ _0\"></span>xternal credit bur<span class=\"_ _0\"></span>eaus,<span class=\"_ _0\"></span> age of business, country risk and the cr<span class=\"_ _0\"></span>edit manager\u2019<span class=\"_ _1\"></span>s assessment. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o mitigate the credit risk, cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance and other risk<span class=\"_ _0\"></span> mitigation tools such as letter<span class=\"_ _0\"></span> of credit, b<span class=\"_ _0\"></span>ank guar<span class=\"_ _2\"></span>antees, or mortgages ar<span class=\"_ _0\"></span>e used within the Gr<span class=\"_ _0\"></span>oup.\ue618e ageing of tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables and receiv<span class=\"_ _2\"></span>ables under \ue615nance lease at the r<span class=\"_ _0\"></span>eporting date w<span class=\"_ _2\"></span>as:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2b3\"> </span><span class=\"ffc\">2022</span>MILLION EUROGross value<span class=\"_ _181\"> </span>Impairment loss<span class=\"_ _a5\"> </span>Net<span class=\"_ _af\"> </span><span class=\"ffc\">Gross value<span class=\"_ _181\"> </span>Impairment loss<span class=\"_ _a5\"> </span>Net</span>T<span class=\"_ _2\"></span>rade receivablesNot past due<span class=\"_ _207\"> </span>\ue61f\ue61c\ue61c<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _233\"> </span>\ue61f\ue61c\ue616<span class=\"_ _ee\"> </span>\ue61f\ue617\ue616<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _248\"> </span>\ue61f\ue617\ue61dPast due \ue61e - \ue61a\ue61e days<span class=\"_ _14a\"> </span>\ue61b<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61b<span class=\"_ _95\"> </span>\ue61d\ue618<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>\ue61d\ue618Past due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _288\"> </span>\ue61d\ue61b<span class=\"_ _23f\"> </span>-<span class=\"_ _23e\"> </span>\ue61d\ue61b<span class=\"_ _31\"> </span>\ue61d\ue618<span class=\"_ _ca\"> </span>(\ue61d)<span class=\"_ _d0\"> </span>\ue61d\ue618Past due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _288\"> </span>\ue616<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61a<span class=\"_ _2b4\"> </span>\ue616<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _c5\"> </span>\ue61aPast due \ue61d\ue61c\ue61d - \ue61a\ue617\ue61e days<span class=\"_ _2b5\"> </span>\ue617<span class=\"_ _ec\"> </span>(\ue617)<span class=\"_ _2d\"> </span>-<span class=\"_ _41\"> </span>\ue61b<span class=\"_ _ca\"> </span>(\ue619)<span class=\"_ _2f\"> </span>\ue61fPast due more than \ue61a\ue617\ue61e days<span class=\"_ _2b6\"> </span>\ue61a\ue61b<span class=\"_ _d5\"> </span>(\ue61a\ue616)<span class=\"_ _c5\"> </span>\ue618<span class=\"_ _95\"> </span>\ue61a\ue617<span class=\"_ _d5\"> </span>(\ue61a\ue61d)<span class=\"_ _c5\"> </span>\ue618TOT<span class=\"_ _2\"></span>AL TRADE RECEIVABLES<span class=\"_ _1e3\"> </span><span class=\"ws1\">365<span class=\"_ _236\"> </span>(45)<span class=\"_ _248\"> </span>319<span class=\"_ _ee\"> </span>343<span class=\"_ _236\"> </span>(44)<span class=\"_ _248\"> </span>300</span>Receivables under \ue615nance leaseNot past due<span class=\"_ _3c\"> </span>\ue61b\ue61b<span class=\"_ _156\"> </span>-<span class=\"_ _23e\"> </span>\ue61b\ue61b<span class=\"_ _ee\"> </span>\ue61d\ue61e\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _248\"> </span>\ue61d\ue61e\ue61dPast due \ue61e - \ue61a\ue61e days<span class=\"_ _14a\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61d<span class=\"_ _2b4\"> </span>\ue61f<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61fPast due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _239\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b4\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61dPast due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _2b7\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _1da\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _2b8\"> </span>-Past due \ue61d\ue61c\ue61d - \ue61a\ue617\ue61e days<span class=\"_ _23b\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _1da\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _2b8\"> </span>-Past due more than \ue61a\ue617\ue61e days<span class=\"_ _b7\"> </span>\ue61d<span class=\"_ _ec\"> </span>(\ue61f)<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b4\"> </span>\ue61d<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _2b8\"> </span>-TOT<span class=\"_ _2\"></span>AL RECEIVABLES UNDER FINANCE LEASES<span class=\"_ _163\"> </span>102<span class=\"_ _1da\"> </span>(2)<span class=\"_ _248\"> </span>100<span class=\"_ _33\"> </span>105<span class=\"_ _ca\"> </span>(1)<span class=\"_ _233\"> </span>103P<span class=\"_ _0\"></span>ast due amounts of more than 360 day<span class=\"_ _0\"></span>s mainly arise in Belgium and are m<span class=\"_ _0\"></span>ainly caused by commer<span class=\"_ _0\"></span>cial disputes. <span class=\"_ _2\"></span>\ue618ese over<span class=\"_ _0\"></span>dues are for<span class=\"_ _0\"></span> the major<span class=\"_ _0\"></span> part written do<span class=\"_ _0\"></span>wn. Over<span class=\"_ _2\"></span>dues by region are very closely<span class=\"_ _0\"></span> monitored case by case b<span class=\"_ _0\"></span>y the Credit Committees within the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> \ue618e followin<span class=\"_ _0\"></span>g table prov<span class=\"_ _0\"></span>ides information about the e<span class=\"_ _0\"></span>xposure to credit risk<span class=\"_ _0\"></span> for tr<span class=\"_ _2\"></span>ade receivables fr<span class=\"_ _0\"></span>om individual customers at December 31,<span class=\"_ _2\"></span> 2022:MILLION EURO\ue610<span class=\"_ _14f\"> </span>Weighted average loss rate<span class=\"_ _89\"> </span>Gross carrying amount<span class=\"_ _ec\"> </span>Loss allowanceNot past due<span class=\"_ _2b9\"> </span>\ue61d.\ue61d\ue617%<span class=\"_ _2ba\"> </span>\ue61f\ue617\ue616<span class=\"_ _2ba\"> </span>(\ue61a)Past due \ue61e - \ue61a\ue61e days<span class=\"_ _27\"> </span>\ue618.\ue618\ue61e%<span class=\"_ _8e\"> </span>\ue61d\ue618<span class=\"_ _2ba\"> </span>(\ue61d)Past due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _1a8\"> </span>\ue616.\ue618\ue61c%<span class=\"_ _2bb\"> </span>\ue61d\ue618<span class=\"_ _2ba\"> </span>(\ue61d)Past due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _34\"> </span>\ue61f\ue61e.\ue61f\ue61d%<span class=\"_ _1db\"> </span>\ue616<span class=\"_ _2ba\"> </span>(\ue61d)More than \ue61d\ue61c\ue61e days\ue610<span class=\"_ _2bc\"> </span>\ue61c\ue618.\ue61f\ue617%<span class=\"_ _2bb\"> </span>\ue616\ue618<span class=\"_ _2bd\"> </span>(\ue61a\ue61c)\ue618e movement in the allo<span class=\"_ _0\"></span>wance for<span class=\"_ _2\"></span> impairment in respect of trade<span class=\"_ _2\"></span>, lease receiv<span class=\"_ _2\"></span>ables and contract assets during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> is shown in the follo<span class=\"_ _0\"></span>wing table<span class=\"_ _2\"></span>. \ue618e loss amount is me<span class=\"_ _2\"></span>asured at an amount equal to lifetime expected cr<span class=\"_ _0\"></span>edit losses.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _bb\"> </span><span class=\"ffc\">2022</span>Impairment losses Impairment losses Impairment Impairment losses on trade and on trade and losses on on contract assetsMILLION EUROlease receivableslease receivablescontract assetsBalance at January 1<span class=\"_ _27\"> </span>45<span class=\"_ _a8\"> </span>1<span class=\"_ _d6\"> </span>47<span class=\"_ _267\"> </span><span class=\"ffb\">-</span>Additions/reversals charged to pro\ue614t or loss<span class=\"_ _1c4\"> </span>\ue61f<span class=\"_ _c9\"> </span>-<span class=\"_ _a8\"> </span>\ue61d<span class=\"_ _c9\"> </span>- (\ue61d)Deductions from allowance-<span class=\"_ _c9\"> </span>-<span class=\"_ _131\"> </span>(\ue61a)<span class=\"_ _fa\"> </span>-Disposals<span class=\"_ _19c\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _fa\"> </span>-Exchange di\ue615erences<span class=\"_ _2be\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _fa\"> </span>-Balance at December 31<span class=\"_ _3c\"> </span>47<span class=\"_ _c9\"> </span>-<span class=\"_ _d6\"> </span>45<span class=\"_ _a8\"> </span>1(1) W<span class=\"_ _2\"></span>rite-o\ue614s for which an allowance <span class=\"_ _0\"></span>was prev<span class=\"_ _0\"></span>iously recorded.\ue618e gross carrying amount of a \ue615nancial as<span class=\"_ _0\"></span>set is written o\ue614 when the Group has no r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectations of recov<span class=\"_ _0\"></span>ering a \ue615nancial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group individu<span class=\"_ _0\"></span>ally makes an asses<span class=\"_ _0\"></span>sment for e<span class=\"_ _2\"></span>ach type of \ue615nancial asset based on w<span class=\"_ _0\"></span>hether there is a r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectation of recov<span class=\"_ _0\"></span>ery<span class=\"_ _2\"></span>. Financial assets tha<span class=\"_ _0\"></span>t are written o\ue614 are still s<span class=\"_ _0\"></span>ubject to enforcement activ<span class=\"_ _0\"></span>ities of the Group for r<span class=\"_ _0\"></span>ecovery of amounts due<span class=\"_ _0\"></span>.\ue618e impairment loss re<span class=\"_ _0\"></span>lates to sever<span class=\"_ _0\"></span>al other cus<span class=\"_ _0\"></span>tomers that indicated not to be able to p<span class=\"_ _0\"></span>ay their<span class=\"_ _0\"></span> outstanding balances mainly due to economic circumstances.\ue618e cash held by the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _0\"></span> is deposited with b<span class=\"_ _0\"></span>anks hav<span class=\"_ _0\"></span>ing an A cr<span class=\"_ _0\"></span>edit ra<span class=\"_ _0\"></span>ting.\ue61d\ue690.<span class=\"_ _d1\"> </span>LIQUIDITY RISKLiquidity risk is the risk<span class=\"_ _0\"></span> that the Group w<span class=\"_ _0\"></span>ill encounter di\ue616culties in meeting commitments r<span class=\"_ _0\"></span>elated to \ue615nanci<span class=\"_ _0\"></span>al liabilities when they fall due<span class=\"_ _2\"></span>.\ue618e Group ensures th<span class=\"_ _0\"></span>at it has su\ue616cient liquidity to meet its lia<span class=\"_ _0\"></span>bilities. Liquidity risk<span class=\"_ _0\"></span> is managed b<span class=\"_ _0\"></span>y maintaining a su\ue616cient degree of diversi\ue615cation of funding sour<span class=\"_ _0\"></span>ces. <span class=\"_ _2\"></span>\ue618e Group has a policy in place to limit concentra<span class=\"_ _0\"></span>tions related to liquidit<span class=\"_ _0\"></span>y risk. \ue618e total share of gross dr<span class=\"_ _2\"></span>awn term debt and all undra<span class=\"_ _0\"></span>wn committed facilities pr<span class=\"_ _0\"></span>ovided b<span class=\"_ _0\"></span>y one bank or<span class=\"_ _2\"></span> bank group should not exceed pr<span class=\"_ _0\"></span>edetermined limits. Risk<span class=\"_ _0\"></span> concentra<span class=\"_ _0\"></span>tions are monitored on an ong<span class=\"_ _0\"></span>oing basis by<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>reasury Committee<span class=\"_ _2\"></span>.In managing its liquidity risk,<span class=\"_ _2\"></span> the Group has a revolving cr<span class=\"_ _0\"></span>edit facility<span class=\"_ _0\"></span> it can access to meet its liquidity needs.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e notional amount of this credit facilit<span class=\"_ _0\"></span>y amounts to 230 million Eur<span class=\"_ _0\"></span>o with maturity<span class=\"_ _0\"></span> date March,<span class=\"_ _0\"></span> 2024 w<span class=\"_ _0\"></span>ith a possibility of extension of the term two times w<span class=\"_ _0\"></span>ith one year<span class=\"_ _2\"></span>. In the course of 20<span class=\"_ _2\"></span>22 the maturity date has been extende<span class=\"_ _0\"></span>d until March 2025.<span class=\"_ _2\"></span> Drawdo<span class=\"_ _0\"></span>wns under these lines ar<span class=\"_ _0\"></span>e made for<span class=\"_ _0\"></span> shorter periods but the Gr<span class=\"_ _0\"></span>oup has the discretion to roll-o<span class=\"_ _0\"></span>ver the li<span class=\"_ _0\"></span>ability under<span class=\"_ _0\"></span> the existing committed loan agreement.<span class=\"_ _2\"></span> In the liquidity analysis, rep<span class=\"_ _0\"></span>ayments of the committed facilities ar<span class=\"_ _0\"></span>e included in the earliest time band the Group could be r<span class=\"_ _0\"></span>equired to rep<span class=\"_ _0\"></span>ay its liabilities.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 2022, ther<span class=\"_ _0\"></span>e are no dra<span class=\"_ _0\"></span>wdo<span class=\"_ _0\"></span>wns under these lines (2<span class=\"_ _0\"></span>021: 0 million Euro<span class=\"_ _0\"></span>).\ue618e followin<span class=\"_ _0\"></span>g are the remaining contr<span class=\"_ _2\"></span>actual maturities at the end of the reporting period of \ue615nancial lia<span class=\"_ _0\"></span>bilities, including estimated inter<span class=\"_ _0\"></span>est payments <span class=\"_ _0\"></span>based on conditions existin<span class=\"_ _0\"></span>g at the reporting da<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> i.e<span class=\"_ _2\"></span>. exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and interest r<span class=\"_ _0\"></span>ates. <span class=\"_ _0\"></span>With regar<span class=\"_ _0\"></span>d to derivativ<span class=\"_ _0\"></span>es, the ma<span class=\"_ _0\"></span>turity analysis comprises liabilities arisin<span class=\"_ _0\"></span>g from deriv<span class=\"_ _0\"></span>atives and all gros<span class=\"_ _0\"></span>s settled forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contracts.<span class=\"_ _2\"></span> \ue618e contra<span class=\"_ _0\"></span>ctual cash \ue617ows for<span class=\"_ _2\"></span> for<span class=\"_ _22\"></span>war<span class=\"_ _2\"></span>d exchange contr<span class=\"_ _0\"></span>acts are determined using f<span class=\"_ _0\"></span>orward r<span class=\"_ _2\"></span>ates.2021Contractual cash \ue613owsCarrying \ue61a months  \ue61a-\ue61d\ue61f \ue61d-\ue618 More than amountTOT<span class=\"_ _0\"></span>ALMILLION EUROor lessmonths years\ue618 yearsNon-derivative \ue615nancial liabilitiesDebenture<span class=\"_ _223\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>- (\ue61d)Revolving credit facility(\ue61d)<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-EIB loan<span class=\"_ _162\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Other loans<span class=\"_ _155\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _28\"> </span>\ue61f<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Lease liabilities<span class=\"_ _2b9\"> </span>\ue619\ue61e<span class=\"_ _25c\"> </span>\ue619\ue61e<span class=\"_ _28\"> </span>\ue617<span class=\"_ _25c\"> </span>\ue61d\ue619<span class=\"_ _2f\"> </span>\ue616\ue61a<span class=\"_ _2b\"> </span>\ue61aBank overdrafts<span class=\"_ _2c0\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-T<span class=\"_ _2\"></span>rade payables<span class=\"_ _1d8\"> </span>\ue61f\ue618\ue61f<span class=\"_ _89\"> </span>\ue61f\ue618\ue61f<span class=\"_ _ee\"> </span>\ue61f\ue618\ue61f<span class=\"_ _1c0\"> </span>-<span class=\"_ _259\"> </span>-Other payables<span class=\"_ _19a\"> </span>\ue61b<span class=\"_ _2b\"> </span>\ue61b<span class=\"_ _31\"> </span>\ue61b<span class=\"_ _24a\"> </span>-<span class=\"_ _259\"> </span>-Derivative \ue615nancial liabilitiesForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _2c1\"> </span>(\ue61d)<span class=\"_ _232\"> </span>(\ue61d\ue617)<span class=\"_ _243\"> </span>(\ue61d\ue617)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _162\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue618<span class=\"_ _2f\"> </span>\ue61d\ue618<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other forward exchange contracts:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _2c1\"> </span>(\ue61d)<span class=\"_ _188\"> </span>(\ue61d\ue61a\ue61b)<span class=\"_ _232\"> </span>(\ue616\ue61d)<span class=\"_ _243\"> </span>(\ue61b\ue61c)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _124\"> </span>\ue61d<span class=\"_ _89\"> </span>\ue61d\ue616\ue61e<span class=\"_ _2f\"> </span>\ue616\ue61d<span class=\"_ _2f\"> </span>\ue61b\ue61b<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _297\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c2\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-(1)<span class=\"_ _d1\"> </span>T<span class=\"_ _0\"></span>ransaction costs (1 million E<span class=\"_ _0\"></span>uro) are pr<span class=\"_ _0\"></span>esented as a reduction of the carrying amount of the \ue615nancial liability<span class=\"_ _2\"></span>.2022Contractual cash \ue613owsCarrying \ue61a months  \ue61a-\ue61d\ue61f \ue61d-\ue618 More than  amountTOT<span class=\"_ _0\"></span>ALMILLION EUROor lessmonthsyears\ue618 yearsNon-derivative \ue615nancial liabilitiesDebenture<span class=\"_ _22c\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>- (\ue61d)Revolving credit facility(\ue61d)<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-EIB loan<span class=\"_ _2c3\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other loans<span class=\"_ _2c4\"> </span>\ue616<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Lease liabilities<span class=\"_ _2c5\"> </span>\ue617\ue61f<span class=\"_ _25c\"> </span>\ue617\ue61f<span class=\"_ _28\"> </span>\ue617<span class=\"_ _25c\"> </span>\ue61d\ue616<span class=\"_ _2f\"> </span>\ue61a\ue618<span class=\"_ _2b\"> </span>\ue617Bank overdrafts<span class=\"_ _202\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-T<span class=\"_ _2\"></span>rade payables<span class=\"_ _2a\"> </span>\ue61f\ue616\ue61b<span class=\"_ _d0\"> </span>\ue61f\ue616\ue61b<span class=\"_ _ee\"> </span>\ue61f\ue616\ue61b<span class=\"_ _1c0\"> </span>-<span class=\"_ _259\"> </span>-Other payables<span class=\"_ _2c6\"> </span>\ue617<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _31\"> </span>\ue617<span class=\"_ _24a\"> </span>-<span class=\"_ _259\"> </span>-Derivative \ue615nancial liabilities<span class=\"_ _127\"> </span>-Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _155\"> </span>(\ue61d)<span class=\"_ _243\"> </span>(\ue61d\ue619)<span class=\"_ _234\"> </span>(\ue61d\ue619)<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c7\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue617<span class=\"_ _2f\"> </span>\ue61d\ue617<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other forward exchange contracts:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _155\"> </span>(\ue61d)<span class=\"_ _188\"> </span>(\ue61d\ue61f\ue61c)<span class=\"_ _243\"> </span>(\ue617\ue619)<span class=\"_ _232\"> </span>(\ue617\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c8\"> </span>\ue61a<span class=\"_ _89\"> </span>\ue61d\ue61a\ue61e<span class=\"_ _2f\"> </span>\ue617\ue619<span class=\"_ _2f\"> </span>\ue617\ue61f<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-(1)<span class=\"_ _d1\"> </span>T<span class=\"_ _0\"></span>ransaction costs (1 million E<span class=\"_ _0\"></span>uro) are pr<span class=\"_ _0\"></span>esented as a reduction of the carrying amount of the \ue615nancial liability<span class=\"_ _2\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table indicates the periods in which the cash \ue617ow<span class=\"_ _0\"></span>s associated w<span class=\"_ _0\"></span>ith cash \ue617ow hedg<span class=\"_ _0\"></span>es are expected to occur<span class=\"_ _2\"></span> and impact the pro\ue615t or<span class=\"_ _2\"></span> loss with the fair<span class=\"_ _0\"></span> value of the r<span class=\"_ _0\"></span>elated hedging ins<span class=\"_ _0\"></span>truments.\ue61f\ue61e\ue61f\ue61dExpected cash \ue613owsF<span class=\"_ _2\"></span>air \ue61a months \ue61a-\ue61d\ue61f More than MILLION EURO<span class=\"_ _299\"> </span><span class=\"ffc ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>value\ue61d-\ue618 yearsor lessmonths\ue618 yearsDerivative \ue615nancial instruments designated as cash \ue613ow hedges\ue614Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _15d\"> </span>(\ue61d)<span class=\"_ _1bc\"> </span>(\ue61d\ue617)<span class=\"_ _1bc\"> </span>(\ue61d\ue617)<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c9\"> </span>-<span class=\"_ _d0\"> </span>\ue61d\ue618<span class=\"_ _23e\"> </span>\ue61d\ue618<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _17d\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2a1\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-2022Expected cash \ue613owsFair 3 months 3-12 More than MILLION EURO<span class=\"_ _2ca\"> </span><span class=\"ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>value1-5 yearsor lessmonths5 yearsDerivative \ue615nancial instruments designated as cash \ue613ow hedges\ue614Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _15d\"> </span>(\ue61d)<span class=\"_ _1bc\"> </span>(\ue61d\ue619)<span class=\"_ _1bc\"> </span>(\ue61d\ue619)<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c9\"> </span>-<span class=\"_ _d0\"> </span>\ue61d\ue617<span class=\"_ _23e\"> </span>\ue61d\ue617<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _17d\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2a1\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-\ue61d\ue69d.<span class=\"_ _d1\"> </span>CAPIT<span class=\"_ _2\"></span>AL MANAGEMENT\ue618e Executive Man<span class=\"_ _0\"></span>agement seeks to maintain a b<span class=\"_ _0\"></span>alance between the components of the shar<span class=\"_ _0\"></span>eholders<span class=\"_ _0\"></span>\u2019 equity and the net \ue615nancial debt at an agr<span class=\"_ _0\"></span>eed level.<span class=\"_ _0\"></span> Net \ue615nancial debt is de\ue615ned as curr<span class=\"_ _0\"></span>ent and non-current loans and borr<span class=\"_ _0\"></span>owings and le<span class=\"_ _0\"></span>ase lia<span class=\"ls1 ws1\">-</span>bilities less cash and cash equiv<span class=\"_ _0\"></span>alents. <span class=\"_ _2\"></span>\ue618ere were no chang<span class=\"_ _0\"></span>es in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s approach to capital manag<span class=\"_ _0\"></span>ement during the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.\ue618e Group is not subject to an<span class=\"_ _0\"></span>y externally imposed capital r<span class=\"_ _0\"></span>equirements,<span class=\"_ _0\"></span> with the ex<span class=\"_ _0\"></span>ception of the statutory minimum equity funding requir<span class=\"_ _0\"></span>ements that apply to its subsidiaries in the di\ue614er<span class=\"_ _0\"></span>ent countries.In March 20<span class=\"_ _0\"></span>21, the Group announced a sh<span class=\"_ _0\"></span>are buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am with a volume of 50 million Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> Within the fr<span class=\"_ _2\"></span>amework of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am, Agfa-Gev<span class=\"_ _2\"></span>aert NV proceeded w<span class=\"_ _0\"></span>ith the purchase of own shar<span class=\"_ _0\"></span>es on the market of Eur<span class=\"_ _0\"></span>onext Brus<span class=\"ws1\">-</span>sels. <span class=\"_ _2\"></span>\ue618e authorization to acquire own sh<span class=\"_ _0\"></span>ares w<span class=\"_ _0\"></span>as granted to the Bo<span class=\"_ _0\"></span>ard of Directors b<span class=\"_ _0\"></span>y the Extr<span class=\"_ _0\"></span>aordinary Gener<span class=\"_ _0\"></span>al Meeting of Shareholders of May 12,<span class=\"_ _2\"></span> 2020.Agfa-Gev<span class=\"_ _2\"></span>aert NV has requested a \ue615nancial interme<span class=\"_ _0\"></span>diary to repurchase <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert shares f<span class=\"_ _0\"></span>or a maximum amount of 50,<span class=\"_ _2\"></span>000,000 Euro on its be<span class=\"_ _0\"></span>half under the terms of an initial discretion<span class=\"_ _0\"></span>ary mandate agreement w<span class=\"_ _0\"></span>ith v<span class=\"_ _0\"></span>alidity until March 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> e\ue614ective as from April 1, 2<span class=\"_ _0\"></span>021. On Mar<span class=\"_ _0\"></span>ch 8, 20<span class=\"_ _0\"></span>22, the Bo<span class=\"_ _0\"></span>ard of Directors decided to e<span class=\"_ _0\"></span>xtend the \u2018<span class=\"_ _2\"></span>2021 Share Buyb<span class=\"_ _0\"></span>ack Progr<span class=\"_ _0\"></span>am<span class=\"_ _2\"></span>\u2019 through Mar<span class=\"_ _0\"></span>ch 31, 20<span class=\"_ _0\"></span>23 (the <span class=\"_ _0\"></span>\u2018Extended Share Bu<span class=\"_ _0\"></span>yback P<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>am 2021<span class=\"_ _2\"></span>\u2019). Since the beginning of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am until June 9th, 2022,<span class=\"_ _0\"></span> based on the tr<span class=\"_ _0\"></span>ansaction date<span class=\"_ _2\"></span>, the Agfa-Gev<span class=\"_ _2\"></span>aert Group bought 12,9<span class=\"_ _0\"></span>30,66<span class=\"_ _2\"></span>2 own shares for<span class=\"_ _0\"></span> a total amount of 49,999,99<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.30 Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> representing 7<span class=\"_ _2\"></span>.71% of the total outstandin<span class=\"_ _0\"></span>g shares on April 1,<span class=\"_ _2\"></span> 2021. W<span class=\"_ _0\"></span>ith this announcement, <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert NV has completed its sh<span class=\"_ _0\"></span>are buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am that had started on April 1,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> In the \ue615rst half-ye<span class=\"_ _0\"></span>ar of 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has purchased 5,<span class=\"_ _0\"></span>618,125 own shar<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> an amount of 21 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618ese shares w<span class=\"_ _0\"></span>ere cancelled in the course of the \ue615rst half-y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> of 2022.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 31, 2022,<span class=\"_ _0\"></span> the issued capital of the Group amounted to 187 million Eur<span class=\"_ _0\"></span>o represented b<span class=\"_ _0\"></span>y 154,8<span class=\"_ _0\"></span>20,528 fully p<span class=\"_ _0\"></span>aid shares.<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31 ,20<span class=\"_ _2\"></span>22, the Group does not hold any o<span class=\"_ _0\"></span>wn shares.<span class=\"_ _2\"></span> \ue61d\ue6a0.<span class=\"_ _59\"> </span>ACCOUNTING CLASSIFICA<span class=\"_ _0\"></span>TION AND F<span class=\"_ _0\"></span>AIR V<span class=\"_ _2\"></span>ALUESF<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue is the price that would be receive<span class=\"_ _0\"></span>d to sell an asset or p<span class=\"_ _0\"></span>aid to transf<span class=\"_ _0\"></span>er a liabilit<span class=\"_ _0\"></span>y in an orderly tr<span class=\"_ _2\"></span>ansaction between market p<span class=\"_ _0\"></span>articipants at the meas<span class=\"_ _0\"></span>urement date<span class=\"_ _2\"></span>.All deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e recognize<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position.\ue618e Group aggrega<span class=\"_ _0\"></span>tes its \ue615nancial instruments into classes b<span class=\"_ _0\"></span>ased on their<span class=\"_ _0\"></span> nature and char<span class=\"_ _2\"></span>acteristics. <span class=\"_ _0\"></span>\ue618e following ta<span class=\"_ _0\"></span>ble shows the carrying amounts and f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alues of \ue615nancial assets and liabilities by categ<span class=\"_ _0\"></span>ory and a reconciliation of the corres<span class=\"ws1\">-</span>ponding line items in the statement of \ue615nancial position.<span class=\"_ _0\"></span> It does not include fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue information for<span class=\"_ _0\"></span> \ue615nancial assets and liabilities not meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value if the carrying amount is a re<span class=\"_ _0\"></span>asonable appro<span class=\"_ _0\"></span>ximation of fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.<span class=\"_ _0\"></span> During 20<span class=\"_ _0\"></span>22 and 2021 ther<span class=\"_ _0\"></span>e have been no r<span class=\"_ _0\"></span>eclassi\ue615cations of \ue615nancial assets bet<span class=\"_ _0\"></span>ween categories.\ue618e other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables classi\ue615ed as mand<span class=\"_ _0\"></span>atorily at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t or loss in the f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value hier<span class=\"_ _2\"></span>archy 2 (202<span class=\"_ _0\"></span>2: 2 million Euro<span class=\"_ _2\"></span>, 2021: 2 million Eur<span class=\"_ _0\"></span>o) rela<span class=\"_ _0\"></span>te to a deposit of 3.4 ton silver pla<span class=\"_ _0\"></span>ced by a metal r<span class=\"_ _0\"></span>ecovery and re\ue615ning comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value (<span class=\"_ _0\"></span>observable m<span class=\"_ _0\"></span>arket price<span class=\"_ _0\"></span>). 2021Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _2cb\"> </span>\ue61a\ue61e<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue619<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _185\"> </span>\ue61d\ue61e<span class=\"_ _a0\"> </span>\ue61d\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2b3\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61d\ue61b<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61a\ue61d\ue61b\ue610(a)Receivables under \ue614nance lease<span class=\"_ _1de\"> </span>\ue61a\ue61d<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61d\ue61e\ue61e\ue610(a)Other receivables\ue610<span class=\"_ _247\"> </span>\ue61a\ue61a<span class=\"_ _243\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue616Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2cd\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Swap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Other swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _8f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dCash and cash equivalents\ue610<span class=\"_ _a7\"> </span>\ue61a\ue616<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _a0\"> </span>-<span class=\"_ _232\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _99\"> </span>\ue61a\ue61b\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _2cf\"> </span><span class=\"ws1\">-<span class=\"_ _88\"> </span>1<span class=\"_ _8f\"> </span>-<span class=\"_ _aa\"> </span>7<span class=\"_ _9d\"> </span>825<span class=\"_ _26d\"> </span>-<span class=\"_ _232\"> </span>832<span class=\"_ _234\"> </span>-</span>LiabilitiesLoans and borrowings\ue610 (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _89\"> </span>(\ue61d)Bank overdrafts<span class=\"_ _242\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _208\"> </span>-Other bank liabilities<span class=\"_ _145\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _aa\"> </span>\ue61a<span class=\"_ _1c5\"> </span>\ue61a\ue610(c)Lease liabilities<span class=\"_ _35\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue619\ue61e<span class=\"_ _2e\"> </span>\ue619\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _2cf\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue618\ue61f<span class=\"_ _243\"> </span>\ue61f\ue618\ue61f\ue610(a)Other payables<span class=\"_ _191\"> </span>\ue616\ue61e<span class=\"_ _234\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue619<span class=\"_ _2b8\"> </span>\ue61bDerivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2d0\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dOther swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-TOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _2d2\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>331<span class=\"_ _232\"> </span>335<span class=\"_ _234\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs are included in the initial me<span class=\"_ _0\"></span>asurement of the \ue615nancial liability (1 million E<span class=\"_ _0\"></span>uro).(c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>.2022Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _245\"> </span>\ue61a\ue61e<span class=\"_ _c5\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _50\"> </span>\ue618\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2c\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _23e\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61a\ue61e\ue61e-\ue610(a)Receivables under \ue614nance lease<span class=\"_ _153\"> </span>\ue61a\ue61d<span class=\"_ _25c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61e\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61d\ue61e\ue61a-\ue610(a)Other receivables\ue610<span class=\"_ _2d3\"> </span>\ue61a\ue61a<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _50\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _265\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Swap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dOther swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue61fCash and cash equivalents\ue610<span class=\"_ _1b9\"> </span>\ue61a\ue616<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _22c\"> </span><span class=\"ws1\">-<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>4<span class=\"_ _9d\"> </span>547<span class=\"_ _203\"> </span>555<span class=\"_ _a0\"> </span>-</span>LiabilitiesLoans and borrowings\ue610<span class=\"_ _148\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>- (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-Bank overdrafts<span class=\"_ _25d\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other bank liabilities<span class=\"_ _28f\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _50\"> </span>\ue616\ue610(c)Lease liabilities<span class=\"_ _154\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _238\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue617\ue61f<span class=\"_ _a3\"> </span>\ue617\ue61f-\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _22c\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue616\ue61b<span class=\"_ _159\"> </span>\ue61f\ue616\ue61b-\ue610(a)Other payables<span class=\"_ _2d6\"> </span>\ue616\ue61e<span class=\"_ _2f\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _1d9\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _1f7\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>318<span class=\"_ _9d\"> </span>322<span class=\"_ _26d\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs of the revolving cr<span class=\"_ _0\"></span>edit facility ar<span class=\"_ _0\"></span>e included in the initial measur<span class=\"_ _0\"></span>ement of the \ue615nancial liability (1 million Eur<span class=\"_ _0\"></span>o). (c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>. 25.<span class=\"_ _2\"></span>1 Basis for determining fair valuesSigni\ue615cant methods and assumptions used in estima<span class=\"_ _0\"></span>ting the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alues of \ue615nancial instruments are as follo<span class=\"_ _0\"></span>ws.\ue618e fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>of investments in equity<span class=\"_ _0\"></span> securities is determined by r<span class=\"_ _0\"></span>eference to their<span class=\"_ _0\"></span> quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contracts and s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ap contracts is v<span class=\"_ _2\"></span>alued using quoted forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and yield curve data at reportin<span class=\"_ _0\"></span>g date<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _2\"></span>ade and other receiv<span class=\"_ _0\"></span>ables and tra<span class=\"_ _0\"></span>de and other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables is not disclosed as it mainly re<span class=\"_ _0\"></span>lates to short-term receiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _2\"></span>ables for which their<span class=\"_ _2\"></span> carr<span class=\"_ _22\"></span>ying amount is a re<span class=\"_ _2\"></span>asonable approximation of fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of \ue615nanci<span class=\"_ _0\"></span>al liabilities is calculated b<span class=\"_ _0\"></span>ased on the present v<span class=\"_ _2\"></span>alue of future principal and interest cash \ue617ow<span class=\"_ _0\"></span>s, discounted at mark<span class=\"_ _0\"></span>et rates of interes<span class=\"_ _0\"></span>t at the reporting da<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e fair<span class=\"_ _0\"></span> value of the debentur<span class=\"_ _0\"></span>e is the quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent bank liabilities appr<span class=\"_ _0\"></span>oximates nominal amounts e<span class=\"_ _0\"></span>xcluding tr<span class=\"_ _0\"></span>ansaction costs,<span class=\"_ _0\"></span> as draw<span class=\"_ _2\"></span>downs are made for<span class=\"_ _2\"></span> short periods.\ue618e fair<span class=\"_ _0\"></span> value of the deferr<span class=\"_ _0\"></span>ed contingent consider<span class=\"_ _2\"></span>ation from business combinations is calculated using a discounte<span class=\"_ _0\"></span>d cash \ue617ow model.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e v<span class=\"_ _0\"></span>aluation model considers the present v<span class=\"_ _2\"></span>alue of the expected future pay<span class=\"_ _0\"></span>ments, discounted using a risk<span class=\"_ _2\"></span>-<span class=\"ws1\"> </span>adjusted discount r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Signi\ue615cant observ<span class=\"_ _0\"></span>able inputs are the expected cash \ue617o<span class=\"_ _0\"></span>ws and the risk<span class=\"_ _2\"></span>-adjusted discount rate<span class=\"_ _2\"></span>. \ue618e estimated f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue would increase (<span class=\"_ _0\"></span>decrease<span class=\"_ _2\"></span>) if<span class=\"_ _22\"></span> the expected perform<span class=\"_ _0\"></span>ances are higher<span class=\"_ _0\"></span> (lower).\ue61d\ue6ad.<span class=\"_ _d1\"> </span>ITEMS OF INCOME,<span class=\"_ _0\"></span> EXPENSE, GAINS <span class=\"_ _2\"></span>AND LOSSES ON FINANCIAL INSTRUMENTSRECOGNIZED IN PROFIT OR LOSS2021Financial assets at <span class=\"_ _b3\"></span> Financial liabilities carried Financial liabilities  MILLION EURODerivativesTOT<span class=\"_ _0\"></span>ALamortized costat amortized costat fair valueInterest income<span class=\"_ _28a\"> </span>\ue618<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue618Interest expense<span class=\"_ _247\"> </span>-<span class=\"_ _28\"> </span>(\ue61d)<span class=\"_ _1df\"> </span>(\ue617)<span class=\"_ _2d7\"> </span>-<span class=\"_ _208\"> </span>(\ue619)Finance lease income<span class=\"_ _209\"> </span>\ue619<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue619Impairment charges<span class=\"_ _2d9\"> </span>(\ue617)<span class=\"_ _236\"> </span>-<span class=\"_ _fb\"> </span>-<span class=\"_ _150\"> </span>-<span class=\"_ _2b\"> </span>(\ue617)Income from reversal of impairment losses<span class=\"_ _b2\"> </span>\ue616<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue616Change in fair value of \ue614nancial instruments -<span class=\"_ _c3\"> </span>\ue61d<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue61dnot part of a hedging relationshipNet result from ine\ue615ectiveness of hedging  -<span class=\"_ _236\"> </span>-<span class=\"_ _fb\"> </span>-<span class=\"_ _150\"> </span>-<span class=\"_ _d5\"> </span>-instruments designated as cash \ue613ow hedges2022Financial assets at Financial liabilities carried Financial liabilities  MILLION EURODerivativesTOT<span class=\"_ _0\"></span>ALamortized costat amortized costat fair valueInterest income<span class=\"_ _28a\"> </span>\ue618<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue618Interest expense<span class=\"_ _247\"> </span>-<span class=\"_ _28\"> </span>(\ue616)<span class=\"_ _1df\"> </span>(\ue619)<span class=\"_ _2d7\"> </span>-<span class=\"_ _25c\"> </span>(\ue61d\ue61d)Finance lease income<span class=\"_ _209\"> </span>\ue619<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue619Impairment charges<span class=\"_ _2d9\"> </span>(\ue618)<span class=\"_ _236\"> </span>-<span class=\"_ _fb\"> </span>-<span class=\"_ _150\"> </span>-<span class=\"_ _2b\"> </span>(\ue618)Income from reversal of impairment losses<span class=\"_ _b2\"> </span>\ue616<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue616Change in fair value of \ue614nancial instruments -<span class=\"_ _2da\"> </span>(\ue61c)<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2db\"> </span>(\ue61c)not part of a hedging relationshipNet result from ine\ue615ectiveness of hedging  -<span class=\"_ _236\"> </span>-<span class=\"_ _fb\"> </span>-<span class=\"_ _150\"> </span>-<span class=\"_ _d5\"> </span>-instruments designated as cash \ue613ow hedgesxxxASSETS\ue680<span class=\"_ _b3\"></span>. <span class=\"_ _22\"></span>GOODWILL AND INT<span class=\"_ _2\"></span>ANGIBLE ASSETSIntangible assetsInde\ue614nite useful Finite useful liveslivesMILLION EUROCost at December 31, 2020<span class=\"_ _1bf\"> </span>349<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>4<span class=\"_ _cc\"> </span>42<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>126<span class=\"_ _ae\"> </span>58<span class=\"_ _31\"> </span>627Exchange di\ue615erences<span class=\"_ _23b\"> </span>\ue61f\ue61e<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue61bBusiness combinations additions<span class=\"_ _1c3\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue61dDisposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _183\"> </span>(\ue617)<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue616)<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2021<span class=\"_ _1bf\"> </span>370<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>38<span class=\"_ _ae\"> </span>47<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>128<span class=\"_ _ae\"> </span>54<span class=\"_ _a0\"> </span><span class=\"ffb\">-<span class=\"_ _cc\"> </span></span>644Exchange di\ue615erences<span class=\"_ _2b7\"> </span>\ue61b<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fBusiness combinations additions<span class=\"_ _180\"> </span>\ue61f<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a3\"> </span>\ue61f\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue617CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61f)Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Disposals and retirements<span class=\"_ _b7\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _183\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61c)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2022<span class=\"_ _1bf\"> </span>379<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>61<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>5<span class=\"_ _c7\"> </span>131<span class=\"_ _ae\"> </span>58<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>679Accumulated amortization and impairment losses  (84)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(4)<span class=\"_ _100\"> </span>(42)<span class=\"_ _9e\"> </span>(31)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(123)<span class=\"_ _9e\"> </span>(55)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(342)December 31, 2020Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue617)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _a0\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue616)<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61f)<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue619)Impairment loss during the year<span class=\"_ _1f5\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Disposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _2d1\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61f<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fReclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (90)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(38)<span class=\"_ _9e\"> </span>(39)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(126)<span class=\"_ _9e\"> </span>(52)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(351)December 31, 2021Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue618)Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue61b)Impairment loss during the year<span class=\"_ _2bb\"> </span>(\ue619\ue61e)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue619\ue61a)Disposals and retirements<span class=\"_ _2cd\"> </span>\ue61f<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (160)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(39)<span class=\"_ _9e\"> </span>(42)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(130)<span class=\"_ _9e\"> </span>(54)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(431)December 31, 2022Carrying amount December 31, 2020<span class=\"_ _2de\"> </span>265<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _ae\"> </span>12<span class=\"_ _9f\"> </span>-<span class=\"_ _50\"> </span>4<span class=\"_ _8b\"> </span>3<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>284Carrying amount December 31, 2021<span class=\"_ _2de\"> </span>280<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span><span class=\"ffb\">-<span class=\"_ _50\"> </span></span>9-<span class=\"_ _8b\"> </span>2<span class=\"_ _8b\"> </span>2<span class=\"_ _26d\"> </span><span class=\"ffb\">-<span class=\"_ _186\"> </span></span>293Carrying amount December 31, 2022<span class=\"_ _2de\"> </span>218<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _a3\"> </span>21<span class=\"_ _8b\"> </span>1<span class=\"_ _2d1\"> </span>1<span class=\"_ _8b\"> </span>1<span class=\"_ _8b\"> </span>5<span class=\"_ _26d\"> </span>-<span class=\"_ _186\"> </span>248In 2022,<span class=\"_ _2\"></span> the cash relevant capital expenditur<span class=\"_ _0\"></span>es for intan<span class=\"_ _0\"></span>gible assets amount to 7 million Euro (20<span class=\"_ _2\"></span>21: 1 million Euro) and mainly rel<span class=\"_ _0\"></span>ate to softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, licences and emission rig<span class=\"_ _0\"></span>hts. Business combinations a<span class=\"_ _0\"></span>dditions in 2022 r<span class=\"_ _0\"></span>elate to the acquisition<span class=\"_ _0\"></span> of Inca (see Note 19.1).At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group does not hold intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives for<span class=\"_ _2\"></span> impairment. <span class=\"_ _0\"></span>\ue618e Group has assessed whether<span class=\"_ _2\"></span> there was an indication of imp<span class=\"_ _0\"></span>airment for intangible as<span class=\"_ _0\"></span>sets with \ue615nite useful lives.<span class=\"_ _2\"></span> \ue618ese tests did result in the recordin<span class=\"_ _0\"></span>g of an impairment loss in the business segment of Radiology Solutions (see Note 2<span class=\"_ _2\"></span>7.1.2).\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has r<span class=\"_ _0\"></span>eviewed the appr<span class=\"_ _0\"></span>opriateness of the useful lives of its ma<span class=\"_ _0\"></span>jor intangible assets a<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar-end 2022.<span class=\"_ _2\"></span> \ue618is review<span class=\"_ _0\"></span> has not resulted in r<span class=\"_ _0\"></span>evised amortization periods for<span class=\"_ _2\"></span> intangible assets belong to HealthCare IT<span class=\"_ _1\"></span>, Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.More information on the underly<span class=\"_ _0\"></span>ing assumptions of the useful lives is pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d in section 27<span class=\"_ _2\"></span>.3 of this Note.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 Impairment tests for goo<span class=\"_ _22\"></span>dwillFor<span class=\"_ _2\"></span> the \ue615nancial statements of the Group,<span class=\"_ _0\"></span> goodwill is tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment annually and whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _0\"></span>e is an indication of impairment. F<span class=\"_ _2\"></span>or the purpose of impairment testing<span class=\"_ _0\"></span>, goodw<span class=\"_ _0\"></span>ill is allocated to a cash-gener<span class=\"_ _0\"></span>ating unit (CGU).In line with the de\ue615nition of cash-gener<span class=\"_ _2\"></span>ating units, the management of the Group h<span class=\"_ _0\"></span>as identi\ue615ed the reportable segments as the cash-gener<span class=\"_ _0\"></span>ating units, i.<span class=\"_ _2\"></span>e. He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.<span class=\"_ _2\"></span> \ue618e operatin<span class=\"_ _0\"></span>g segment is the lowest lev<span class=\"_ _0\"></span>el within the Gr<span class=\"_ _0\"></span>oup at which the goodw<span class=\"_ _0\"></span>ill is monitored for<span class=\"_ _0\"></span> internal manag<span class=\"_ _0\"></span>ement pur<span class=\"ws1\">-</span>poses (see Note 6 <span class=\"_ _0\"></span>\u2018Reportable segments<span class=\"_ _0\"></span>\u2019).At the end of 202<span class=\"_ _0\"></span>2, the impairment test f<span class=\"_ _0\"></span>or g<span class=\"_ _0\"></span>oodwill w<span class=\"_ _0\"></span>as performed for<span class=\"_ _0\"></span> the cash-gener<span class=\"_ _0\"></span>ating units HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions and Digital Print &amp; Chemicals. <span class=\"_ _2\"></span>\ue618e goodwill belonging to the cash-g<span class=\"_ _0\"></span>enerating unit O\ue614set Solutions <span class=\"_ _0\"></span>was alr<span class=\"_ _0\"></span>eady fully impair<span class=\"_ _0\"></span>ed in former <span class=\"_ _0\"></span>years.\ue618e impairment testing has been carrie<span class=\"_ _0\"></span>d out by comparing the carryin<span class=\"_ _0\"></span>g amount of each cash-gener<span class=\"_ _2\"></span>ating unit to its recover<span class=\"_ _0\"></span><span class=\"ws1\">-</span>able amount. <span class=\"_ _2\"></span>\ue618e recover<span class=\"_ _0\"></span>able amount of the CGU has been determined based upon a <span class=\"_ _0\"></span>value in use calcula<span class=\"_ _0\"></span>tion. <span class=\"_ _2\"></span>\ue618e value in use is determined as the present v<span class=\"_ _2\"></span>alue of estimated future cash \ue617ows th<span class=\"_ _0\"></span>at are derived fr<span class=\"_ _0\"></span>om the current long-term planning of the Group.<span class=\"_ _2\"></span> \ue618e discount ra<span class=\"_ _0\"></span>te used in calculating the present <span class=\"_ _0\"></span>value of the estima<span class=\"_ _0\"></span>ted future cash \ue617o<span class=\"_ _0\"></span>ws, is base<span class=\"_ _0\"></span>d on an aver<span class=\"_ _2\"></span>age market participant<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>ACC).\ue618e W<span class=\"_ _2\"></span>ACC considers a de<span class=\"_ _0\"></span>bt/<span class=\"_ _2\"></span>equity ratio for<span class=\"_ _2\"></span> an average m<span class=\"_ _0\"></span>arket\u2019<span class=\"_ _1\"></span>s participant increase<span class=\"_ _0\"></span>d with an additional risk<span class=\"_ _0\"></span> premium to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on the conditions on which compar<span class=\"_ _2\"></span>able companies can obtain long-term \ue615nancing.\ue618e discount rate is calcul<span class=\"_ _0\"></span>ated for<span class=\"_ _0\"></span> each cash-g<span class=\"_ _0\"></span>enerating unit independently<span class=\"_ _1\"></span>, considering the debt/<span class=\"_ _2\"></span>equity ratio of e<span class=\"_ _0\"></span>ach peer group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e pre-tax discount rates are deriv<span class=\"_ _0\"></span>ed from the W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC by me<span class=\"_ _0\"></span>ans of iteration.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1 CGU Agfa HealthC<span class=\"_ _0\"></span>are ITAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU <span class=\"_ _0\"></span>Agfa HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> comprises goodwill of 21<span class=\"_ _0\"></span>7 million Euro<span class=\"_ _2\"></span>. At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _2\"></span> the Group tested its goodwill of HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Agfa He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> has been determined based on estimated cash \ue617o<span class=\"_ _0\"></span>w projections cov<span class=\"_ _0\"></span>ering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years a terminal <span class=\"_ _0\"></span>value is computed usin<span class=\"_ _0\"></span>g a growth r<span class=\"_ _2\"></span>ate in the division Information <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>echnolo<span class=\"ws1\">-</span>gies (IT<span class=\"_ _0\"></span> Solutions) of 1.5%. <span class=\"_ _2\"></span>\ue618ese growth ra<span class=\"_ _0\"></span>tes are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _0\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 10<span class=\"_ _0\"></span>.15% (20<span class=\"_ _0\"></span>21: 7<span class=\"_ _0\"></span>.91%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.43% (2021: 9.51%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 1.5% for IT<span class=\"_ _0\"></span> Solutions (2021: 1.5%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.Sensitivity analy<span class=\"_ _0\"></span>ses on changes in k<span class=\"_ _0\"></span>ey assumptions,<span class=\"_ _0\"></span> i.e<span class=\"_ _2\"></span>. substantial changes in <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC,<span class=\"_ _0\"></span> have been performe<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e sensi<span class=\"ws1\">-</span>tivity analy<span class=\"_ _0\"></span>sis was b<span class=\"_ _0\"></span>ased on a 100 basis point incr<span class=\"_ _0\"></span>ease in the w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age cost of capital. <span class=\"_ _0\"></span>\ue618ese sensitivity analy<span class=\"_ _0\"></span>ses have not r<span class=\"_ _0\"></span>eveale<span class=\"_ _0\"></span>d any risk<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment loss. Based upon these sensitiv<span class=\"_ _0\"></span>ity analyses,<span class=\"_ _0\"></span> management is of the opinion tha<span class=\"_ _0\"></span>t a reason<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> possible change in one of these key assumptions <span class=\"_ _0\"></span>would not trigger<span class=\"_ _0\"></span> an impairment loss to occur<span class=\"_ _2\"></span>.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.2 CGU Radiology SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the g<span class=\"_ _0\"></span>oodwill belonging to the CGU Ra<span class=\"_ _0\"></span>diology Solutions w<span class=\"_ _0\"></span>as fully impaire<span class=\"_ _0\"></span>d. Due to a substantially incr<span class=\"_ _0\"></span>eased W<span class=\"_ _1\"></span>ACC in combination with a re<span class=\"_ _0\"></span>duced \ue615ve-ye<span class=\"_ _0\"></span>ar business pl<span class=\"_ _0\"></span>an, the calculate<span class=\"_ _0\"></span>d value in use of the CGU was lo<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> than its carrying amount and an impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.<span class=\"ff74 ws1\"> </span>\ue618e Group r<span class=\"_ _0\"></span>ecognized an imp<span class=\"_ _0\"></span>air<span class=\"ws1\">-</span>ment loss of 70 million Eur<span class=\"_ _0\"></span>o on goodwill and 3 million Eur<span class=\"_ _0\"></span>o on intangible assets in other<span class=\"_ _0\"></span> operatin<span class=\"_ _0\"></span>g expenses (Note 9).\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Radiology Solutions has been determined based on estim<span class=\"_ _0\"></span>ated cash \ue617ow pr<span class=\"_ _0\"></span>ojections covering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years,<span class=\"_ _0\"></span> a terminal v<span class=\"_ _0\"></span>alue is computed using a w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age growth r<span class=\"_ _0\"></span>ate of minus 3.87%. \ue618ese growth r<span class=\"_ _2\"></span>ates are derived from r<span class=\"_ _0\"></span>espective market inf<span class=\"_ _0\"></span>ormation. \ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 9.<span class=\"_ _2\"></span>79% (2021: 7<span class=\"_ _2\"></span>.94%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 13.18% (20<span class=\"_ _0\"></span>21: 9.67%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">weighted a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e terminal gro<span class=\"_ _0\"></span>wth rate (<span class=\"_ _2\"></span>after \ue615ve y<span class=\"_ _0\"></span>ears): minus 3.87% (2<span class=\"_ _0\"></span>021: minus 0.1<span class=\"_ _0\"></span>9%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">silver: 20<span class=\"_ _0\"></span>.5 USD/T<span class=\"_ _2\"></span>roz.<span class=\"_ _2\"></span> (2021: 25 USD/T<span class=\"_ _2\"></span>roz.);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.3 CGU Digital Print &amp; ChemicalsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU Digital Print &amp; Chemicals comprises g<span class=\"_ _0\"></span>oodwill of 2 million Euro<span class=\"_ _2\"></span>. <span class=\"_ _56\"></span><span class=\"ws1\"> </span>At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group tested its g<span class=\"_ _0\"></span>oodwill of Digital Print &amp; Chemicals for<span class=\"_ _0\"></span> impairment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.<span class=\"_ _2\"></span> \ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Digital Print &amp; Chemicals has been determined based on es<span class=\"_ _0\"></span>timated cash \ue617ow projections co<span class=\"_ _0\"></span>vering the ne<span class=\"_ _0\"></span>xt \ue615ve ye<span class=\"_ _0\"></span>ars. <span class=\"_ _2\"></span>\ue618e estimated cash \ue617ow pr<span class=\"_ _0\"></span>ojections are based upon the str<span class=\"_ _2\"></span>ategic busi<span class=\"ws1\">-</span>ness plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Directors. <span class=\"_ _0\"></span>After \ue615v<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ars, a terminal v<span class=\"_ _2\"></span>alue is computed using a growth r<span class=\"_ _0\"></span>ate in the division of 5%. <span class=\"_ _2\"></span>\ue618ese growth r<span class=\"_ _0\"></span>ates are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _2\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment. Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">after-tax W<span class=\"_ _1\"></span>ACC: 10.43% </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.86% ;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 5%;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.4 CGU O\ue61eset SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU O\ue614set Solutions comprises no g<span class=\"_ _0\"></span>oodwill. 2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.2 Impairment tests for intangible assets with inde\ue61fnite useful livesAt ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group has no intangible assets <span class=\"_ _0\"></span>with inde\ue615nite useful lives on its b<span class=\"_ _0\"></span>alance sheet.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.3 Useful lives of intangible assets with \ue61fnite useful lives\ue618e useful life of an intangible asset is the period ov<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>hich the asset is expected to contribute dir<span class=\"_ _0\"></span>ectly or indir<span class=\"_ _0\"></span>ectly to the future cash \ue617ow<span class=\"_ _0\"></span>s of the Group.<span class=\"_ _0\"></span> Acquire<span class=\"_ _0\"></span>d technology and customer r<span class=\"_ _0\"></span>elationships are the most cr<span class=\"_ _0\"></span>ucial recognize<span class=\"_ _0\"></span>d intangible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es for the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or acquir<span class=\"_ _0\"></span>ed technology<span class=\"_ _2\"></span>, the estimation of the r<span class=\"_ _0\"></span>emaining useful life is b<span class=\"_ _0\"></span>ased on the analysis of factors such as t<span class=\"_ _0\"></span>ypical product life cycles in the industry and technological and commer<span class=\"_ _0\"></span>cial obsolescence arising mainly from e<span class=\"_ _0\"></span>xpected actions by competitors or<span class=\"_ _2\"></span> potential competitors.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology amounted to 21 million Euro (2<span class=\"_ _0\"></span>021: 0 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618is technolog<span class=\"_ _22\"></span>y w<span class=\"_ _2\"></span>as acquired in the business combination of Inca Digital Printers (see N<span class=\"_ _0\"></span>ote 19.1). <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology has an estim<span class=\"_ _0\"></span>ated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of appro<span class=\"_ _0\"></span>ximately nine y<span class=\"_ _0\"></span>ears. <span class=\"_ _2\"></span>\ue618e useful lives are periodically<span class=\"_ _0\"></span> reviewe<span class=\"_ _0\"></span>d and revised if necessary<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> acquired contractu<span class=\"_ _0\"></span>al customer r<span class=\"_ _0\"></span>elationships, the es<span class=\"_ _0\"></span>timated rem<span class=\"_ _0\"></span>aining useful life is assessed b<span class=\"_ _0\"></span>y refer<span class=\"_ _0\"></span>ence to customer attrition ra<span class=\"_ _0\"></span>tes. F<span class=\"_ _0\"></span>or the es<span class=\"_ _0\"></span>timation of appropriate customer<span class=\"_ _2\"></span> attrition rates, the Gr<span class=\"_ _0\"></span>oup assesses the prob<span class=\"_ _0\"></span>ability that e<span class=\"_ _0\"></span>xisting contracts <span class=\"_ _0\"></span>will be renegoti<span class=\"_ _0\"></span>ated. F<span class=\"_ _2\"></span>or the assessment of the proba<span class=\"_ _0\"></span>bility that e<span class=\"_ _0\"></span>xisting contra<span class=\"_ _0\"></span>cts can be renegotiate<span class=\"_ _0\"></span>d, demand as well as competition and other<span class=\"_ _0\"></span> factors such as technological lock<span class=\"_ _2\"></span>-in and relate<span class=\"_ _0\"></span>d sunk costs ar<span class=\"_ _0\"></span>e of importance.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s remaining acquired contr<span class=\"_ _2\"></span>actual customer re<span class=\"_ _0\"></span>lationships amount to 1 mil<span class=\"ws1\">-</span>lion Euro (20<span class=\"_ _2\"></span>21: 9 million Euro). <span class=\"_ _0\"></span>An impairment loss amounting to 3 million Eur<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>as recognized on cus<span class=\"_ _0\"></span>tomer re<span class=\"_ _0\"></span>lation<span class=\"ws1\">-</span>ships belonging to the Radiology business segment as a r<span class=\"_ _0\"></span>esult of the impairment testing performe<span class=\"_ _0\"></span>d during 202<span class=\"_ _0\"></span>2. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired contr<span class=\"_ _0\"></span>actual customer<span class=\"_ _2\"></span> relationships have an es<span class=\"_ _0\"></span>timated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of ap<span class=\"ws1\">-</span>proxima<span class=\"_ _0\"></span>tely \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> \ue618e usef<span class=\"_ _0\"></span>ul lives are periodically r<span class=\"_ _0\"></span>eviewed and r<span class=\"_ _0\"></span>evised if necessary<span class=\"_ _2\"></span>.While the Group believes th<span class=\"_ _0\"></span>at the assumptions (such as a<span class=\"_ _0\"></span>ttrition rates and pr<span class=\"_ _0\"></span>oduct life cycles) used f<span class=\"_ _0\"></span>or the determination of the useful lives of aforementioned intan<span class=\"_ _0\"></span>gibles are appropriate<span class=\"_ _2\"></span>, signi\ue615cant di\ue614erences in actual e<span class=\"_ _0\"></span>xperience would a\ue614ect the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s future amortization expense<span class=\"_ _2\"></span>.\ue61d\ue682.<span class=\"_ _0\"></span> PROPERTY<span class=\"_ _b3\"></span>, PLANT <span class=\"_ _0\"></span>AND EQUIPMENTLand, Machinery Furniture,  Construction in progress  buildings and  and technical \ue614xtures and  and advance payments to  TOT<span class=\"_ _0\"></span>ALMILLION EUROinfrastructureequipmentother equipmentvendors and contractorsCost at December 31, 2020<span class=\"_ _c0\"> </span>320<span class=\"_ _c2\"> </span>1,407<span class=\"_ _131\"> </span>148<span class=\"_ _1f5\"> </span>14<span class=\"_ _8f\"> </span>1,889Exchange di\ue615erences<span class=\"_ _20b\"> </span>\ue617<span class=\"_ _206\"> </span>\ue61d\ue616<span class=\"_ _267\"> </span>\ue61a<span class=\"_ _1f6\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue61f\ue61aNew lease contracts<span class=\"_ _1e5\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _267\"> </span>\ue616<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue616Capital expenditures<span class=\"_ _40\"> </span>\ue61d<span class=\"_ _ea\"> </span>\ue61d\ue617<span class=\"_ _267\"> </span>\ue616<span class=\"_ _dc\"> </span>\ue616<span class=\"_ _96\"> </span>\ue61f\ue618Disposals and retirements<span class=\"_ _2a8\"> </span>(\ue61d\ue61a)<span class=\"_ _d5\"> </span>(\ue61f\ue619)<span class=\"_ _b2\"> </span>(\ue61d\ue61b)<span class=\"_ _251\"> </span>(\ue61f)<span class=\"_ _da\"> </span>(\ue617\ue61d)Construction in progress put into use<span class=\"_ _132\"> </span>-<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Reclasses<span class=\"_ _2b3\"> </span>\ue61d<span class=\"_ _246\"> </span>\ue61f<span class=\"_ _16d\"> </span>-<span class=\"_ _251\"> </span>(\ue61f)<span class=\"_ _d0\"> </span>-Cost at December 31, 2021<span class=\"_ _c0\"> </span>315<span class=\"_ _c2\"> </span>1,412<span class=\"_ _131\"> </span>139<span class=\"_ _1f5\"> </span>14<span class=\"_ _8f\"> </span>1,880Exchange di\ue615erences<span class=\"_ _20b\"> </span>\ue61f<span class=\"_ _246\"> </span>\ue616<span class=\"_ _16d\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue617New lease contracts<span class=\"_ _1e5\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _16d\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _d0\"> </span>-Capital expenditures<span class=\"_ _40\"> </span>\ue61d<span class=\"_ _ea\"> </span>\ue61d\ue617<span class=\"_ _267\"> </span>\ue616<span class=\"_ _dc\"> </span>\ue618<span class=\"_ _96\"> </span>\ue61f\ue617Business combinations additions<span class=\"_ _267\"> </span>\ue61f<span class=\"_ _ea\"> </span>\ue61d\ue61e<span class=\"_ _267\"> </span>\ue61d<span class=\"_ _23a\"> </span>-<span class=\"_ _96\"> </span>\ue61d\ue61aDisposals and retirements<span class=\"_ _2a8\"> </span>(\ue61f\ue616)<span class=\"_ _d5\"> </span>(\ue618\ue61f)<span class=\"_ _212\"> </span>(\ue616)<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _da\"> </span>(\ue61c\ue61d)Construction in progress put into use<span class=\"_ _132\"> </span>-<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Reclasses<span class=\"_ _247\"> </span>-<span class=\"_ _156\"> </span>-<span class=\"_ _c9\"> </span>\ue61f<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _cb\"> </span>\ue61fCost at December 31, 2022<span class=\"_ _c0\"> </span>297<span class=\"_ _c2\"> </span>1,390<span class=\"_ _131\"> </span>143<span class=\"_ _1f5\"> </span>16<span class=\"_ _8f\"> </span>1,846Accumulated depreciation and (287)<span class=\"_ _2b8\"> </span>(1,333)<span class=\"_ _2df\"> </span>(134)<span class=\"_ _40\"> </span>(8)<span class=\"_ _a3\"> </span>(1,762)impairment losses December 31, 2020Exchange di\ue615erences<span class=\"_ _1de\"> </span>(\ue618)<span class=\"_ _c3\"> </span>(\ue61d\ue616)<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue61d)Depreciation during the year<span class=\"_ _150\"> </span>(\ue616)<span class=\"_ _d5\"> </span>(\ue61d\ue618)<span class=\"_ _212\"> </span>(\ue61c)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue619)Impairment loss during the year<span class=\"_ _193\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _237\"> </span>(\ue61d)Disposals and retirements<span class=\"_ _290\"> </span>\ue61d\ue61d<span class=\"_ _206\"> </span>\ue61f\ue617<span class=\"_ _166\"> </span>\ue61d\ue61b<span class=\"_ _dc\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue618\ue619Reclasses<span class=\"_ _2b3\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _267\"> </span>\ue61d<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue61fAccumulated depreciation and  (283)<span class=\"_ _2b8\"> </span>(1,335)<span class=\"_ _2df\"> </span>(126)<span class=\"_ _40\"> </span>(7)<span class=\"_ _a3\"> </span>(1,751)impairment losses December 31, 2021Exchange di\ue615erences<span class=\"_ _1de\"> </span>(\ue61d)<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _212\"> </span>(\ue61d)<span class=\"_ _1e7\"> </span>-<span class=\"_ _237\"> </span>(\ue618)Depreciation during the year<span class=\"_ _150\"> </span>(\ue616)<span class=\"_ _d5\"> </span>(\ue61d\ue618)<span class=\"_ _212\"> </span>(\ue61c)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue617)Impairment loss during the year<span class=\"_ _f3\"> </span>(\ue617)<span class=\"_ _d5\"> </span>(\ue61d\ue61e)<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _a2\"> </span>(\ue619)<span class=\"_ _da\"> </span>(\ue61f\ue617)Business combinations additions<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _ec\"> </span>(\ue61b)<span class=\"_ _212\"> </span>(\ue61d)<span class=\"_ _1c2\"> </span>-<span class=\"_ _da\"> </span>(\ue61d\ue61f)Disposals and retirements<span class=\"_ _290\"> </span>\ue61f\ue616<span class=\"_ _206\"> </span>\ue618\ue61a<span class=\"_ _c9\"> </span>\ue61a<span class=\"_ _dc\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue61c\ue61eReclasses<span class=\"_ _247\"> </span>-<span class=\"_ _246\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Accumulated depreciation and  (273)<span class=\"_ _2b8\"> </span>(1,319)<span class=\"_ _2df\"> </span>(133)<span class=\"_ _180\"> </span>(14)<span class=\"_ _a3\"> </span>(1,739)impairment losses December 31, 2022Carrying amount December 31, 2020<span class=\"_ _12a\"> </span>33<span class=\"_ _ea\"> </span>74<span class=\"_ _f7\"> </span>13<span class=\"_ _1f6\"> </span>6<span class=\"_ _50\"> </span>127Carrying amount December 31, 2021<span class=\"_ _12a\"> </span>31<span class=\"_ _ea\"> </span>77<span class=\"_ _f7\"> </span>14<span class=\"_ _1f6\"> </span>7<span class=\"_ _50\"> </span>129Carrying amount December 31, 2022<span class=\"_ _12a\"> </span>24<span class=\"_ _ea\"> </span>71<span class=\"_ _f7\"> </span>10<span class=\"_ _1f6\"> </span>2<span class=\"_ _50\"> </span>107In 2022,<span class=\"_ _2\"></span> capital expenditure for pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant and equipment amount to 26 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 25 million Euro),<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> which 16 million Euro (2<span class=\"_ _0\"></span>021: 16 million Eur<span class=\"_ _0\"></span>o) re<span class=\"_ _0\"></span>lates to machinery and technical equipment, m<span class=\"_ _0\"></span>ainly in Belgium and of which 5 million Euro (20<span class=\"_ _2\"></span>21: 4 million Euro) rela<span class=\"_ _0\"></span>tes to construction in progr<span class=\"_ _0\"></span>ess mainly for<span class=\"_ _0\"></span> production e\ue616ciency<span class=\"_ _2\"></span>, m<span class=\"_ _0\"></span>aintenance and IT<span class=\"_ _2\"></span>-related projects in Belgium,<span class=\"_ _0\"></span> Germany and Br<span class=\"_ _2\"></span>asil.\ue618e Group<span class=\"_ _0\"></span>, as lessor<span class=\"_ _2\"></span>, included assets s<span class=\"_ _0\"></span>ubject to operating le<span class=\"_ _2\"></span>ases in its statement of \ue615nancial position under the caption \u2018Other<span class=\"_ _0\"></span> Equipment.<span class=\"_ _1\"></span>\u2019 At the end of December<span class=\"_ _2\"></span> 2022, the assets subject to oper<span class=\"_ _2\"></span>ating leases have a total net carryin<span class=\"_ _0\"></span>g amount of 4 million Euro (20<span class=\"_ _2\"></span>21: 6 million Euro) (see Note 44).Impairment losses on PP<span class=\"_ _2\"></span>&amp;E amount to 26 million Euro and mainly re<span class=\"_ _0\"></span>late to assets belonging to entities th<span class=\"_ _0\"></span>at are dedicated to the O\ue614set Solutions activity and ar<span class=\"_ _0\"></span>e therefore s<span class=\"_ _0\"></span>ubject to the planned disposal in 20<span class=\"_ _0\"></span>23. <span class=\"_ _2\"></span>\ue618ese assets were fully imp<span class=\"_ _0\"></span>aired as the sales price for the disposal gr<span class=\"_ _0\"></span>oup is lower<span class=\"_ _2\"></span> than the carr<span class=\"_ _22\"></span>ying amount of the disposal group<span class=\"_ _2\"></span>. More information is pro<span class=\"_ _0\"></span>vided under section 4 <span class=\"_ _0\"></span>\u2018use of estim<span class=\"_ _0\"></span>ates and judgments<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.\ue61d\ue683<span class=\"_ _0\"></span>. RIGHT<span class=\"_ _0\"></span>\ue684OF\ue684USE ASSETSDue to the application of IFRS 16,<span class=\"_ _0\"></span> the Group \u2013 as lessee \u2013 recogniz<span class=\"_ _0\"></span>es as of 2019 right-of-use assets r<span class=\"_ _0\"></span>epresenting its right to use the underlying assets and le<span class=\"_ _0\"></span>ase liabilities repr<span class=\"_ _0\"></span>esenting its obligation to mak<span class=\"_ _0\"></span>e lease pa<span class=\"_ _0\"></span>yments. E<span class=\"_ _0\"></span>xemptions are how<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span> made for<span class=\"_ _0\"></span> short-term leases and le<span class=\"_ _0\"></span>ases of low v<span class=\"_ _0\"></span>alue items such as the major<span class=\"_ _2\"></span> part of the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s ICT<span class=\"_ _2\"></span>-equipment.\ue618e right-of-use asset is initially me<span class=\"_ _0\"></span>asured at cos<span class=\"_ _0\"></span>t and subsequently deprecia<span class=\"_ _0\"></span>ted using the str<span class=\"_ _0\"></span>aight-line method from the commencement date to the end of the lease term,<span class=\"_ _0\"></span> unless the lease tr<span class=\"_ _2\"></span>ansfers ownership of the underlying asset by the end of the lease term or<span class=\"_ _0\"></span> the cost of the right-of-use asset re\ue617ects that the Gr<span class=\"_ _0\"></span>oup will e<span class=\"_ _0\"></span>xercise a purch<span class=\"_ _0\"></span>ase option. In these cases, the right-of-use asset is deprecia<span class=\"_ _0\"></span>ted over<span class=\"_ _2\"></span> the useful life of the underlying asset, compliant w<span class=\"_ _0\"></span>ith the methodology applicable for pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant and equipment.\ue618e followin<span class=\"_ _0\"></span>g table shows a reconcili<span class=\"_ _0\"></span>ation to the closing balances a<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> for<span class=\"_ _0\"></span> the right-of-use assets, br<span class=\"_ _0\"></span>oken down by<span class=\"_ _0\"></span> category<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e Group distinguishes four<span class=\"_ _0\"></span> categories: 1) Right-of-use l<span class=\"_ _0\"></span>and, buildings and infr<span class=\"_ _0\"></span>astructure<span class=\"_ _2\"></span>, 2) Right-of-use cars, 3) Right-of-use other<span class=\"_ _2\"></span> transportation equipment, mainly r<span class=\"_ _0\"></span>elated to our<span class=\"_ _2\"></span> manufacturing organizations and 4) Right-of-use other as<span class=\"_ _0\"></span>sets.Right-of-use land, buildings, Right-of-use other  Right-of-use <span class=\"_ _3\"></span> Right-of-use carsTOT<span class=\"_ _0\"></span>ALMILLION EUROinfrastructuretransportation equipmentother assetsCost at December 31, 2020<span class=\"_ _23b\"> </span>85<span class=\"_ _ca\"> </span>39<span class=\"_ _270\"> </span>2<span class=\"_ _e8\"> </span>1<span class=\"_ _2e0\"> </span>127Exchange di\ue615erences<span class=\"_ _2c\"> </span>\ue61f<span class=\"_ _4c\"> </span>\ue61d<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue61aNew lease contracts<span class=\"_ _1a7\"> </span>\ue616<span class=\"_ _4c\"> </span>\ue617<span class=\"_ _270\"> </span>\ue61d<span class=\"_ _12e\"> </span>\ue61d<span class=\"_ _88\"> </span>\ue61d\ue61fLease revaluations<span class=\"_ _2e1\"> </span>\ue61c<span class=\"_ _e8\"> </span>(\ue61d)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _af\"> </span>\ue619Disposals and retirements<span class=\"_ _2e2\"> </span>(\ue61a)<span class=\"_ _e8\"> </span>(\ue617)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _18a\"> </span>(\ue61d\ue61e)Reclasses<span class=\"_ _2e3\"> </span>(\ue61a)<span class=\"_ _e8\"> </span>(\ue61f)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _9d\"> </span>(\ue618)Cost at December 31, 2021<span class=\"_ _23b\"> </span>93<span class=\"_ _ca\"> </span>35<span class=\"_ _270\"> </span>2<span class=\"_ _e8\"> </span>2<span class=\"_ _2e0\"> </span>132Exchange di\ue615erences<span class=\"_ _2d3\"> </span>-<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _1f3\"> </span>-New lease contracts<span class=\"_ _1a7\"> </span>\ue617<span class=\"_ _4c\"> </span>\ue61c<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _a5\"> </span>\ue61d\ue616Lease revaluations<span class=\"_ _2e4\"> </span>(\ue61a)<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _9b\"> </span>(\ue61f)Business combinations<span class=\"_ _191\"> </span>\ue61c<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue61cDisposals and retirements<span class=\"_ _2e2\"> </span>(\ue61b)<span class=\"_ _e8\"> </span>(\ue619)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _18a\"> </span>(\ue61d\ue619)Reclasses<span class=\"_ _2e3\"> </span>(\ue61d)<span class=\"_ _e8\"> </span>(\ue61d)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _9d\"> </span>(\ue61f)Cost at December 31, 2022<span class=\"_ _23b\"> </span>94<span class=\"_ _ca\"> </span>36<span class=\"_ _270\"> </span>2<span class=\"_ _e8\"> </span>1<span class=\"_ _2e0\"> </span>134Accumulated depreciation and impairment  (32)<span class=\"_ _31\"> </span>(16)<span class=\"_ _c8\"> </span>(1)<span class=\"_ _ec\"> </span>-<span class=\"_ _296\"> </span>(49)losses December 31, 2020Exchange di\ue615erences<span class=\"_ _2c\"> </span>\ue61a<span class=\"_ _4c\"> </span>\ue61f<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue618Amortization during the year<span class=\"_ _209\"> </span>(\ue61d\ue619)<span class=\"_ _2d8\"> </span>(\ue61d\ue61d)<span class=\"_ _2bd\"> </span>(\ue61d)<span class=\"_ _2b4\"> </span>-<span class=\"_ _18a\"> </span>(\ue61f\ue61c)Impairment loss during the year<span class=\"_ _b7\"> </span>(\ue61d)<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _9d\"> </span>(\ue61d)Disposals and retirements<span class=\"_ _247\"> </span>\ue61a<span class=\"_ _4c\"> </span>\ue617<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _88\"> </span>\ue61d\ue61eReclasses<span class=\"_ _140\"> </span>-<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue61dAccumulated depreciation and impairment  (43)<span class=\"_ _31\"> </span>(18)<span class=\"_ _c8\"> </span>(1)<span class=\"_ _ec\"> </span>-<span class=\"_ _296\"> </span>(63)losses December 31, 2021Exchange di\ue615erences<span class=\"_ _2d3\"> </span>-<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _1f3\"> </span>-Amortization during the year<span class=\"_ _209\"> </span>(\ue61d\ue619)<span class=\"_ _2d8\"> </span>(\ue61d\ue61e)<span class=\"_ _2bd\"> </span>(\ue61d)<span class=\"_ _2b4\"> </span>-<span class=\"_ _18a\"> </span>(\ue61f\ue61c)Impairment loss during the year<span class=\"_ _2b6\"> </span>(\ue61d\ue61d)<span class=\"_ _12e\"> </span>(\ue616)<span class=\"_ _2bd\"> </span>(\ue61d)<span class=\"_ _ec\"> </span>-<span class=\"_ _181\"> </span>(\ue61d\ue618)Disposals and retirements<span class=\"_ _247\"> </span>\ue61b<span class=\"_ _4c\"> </span>\ue617<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _88\"> </span>\ue61d\ue617Reclasses<span class=\"_ _2e5\"> </span>\ue61d<span class=\"_ _4c\"> </span>\ue61d<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue61dAccumulated depreciation and  (62)<span class=\"_ _31\"> </span>(25)<span class=\"_ _c8\"> </span>(2)<span class=\"_ _38\"> </span>(1)<span class=\"_ _5e\"> </span>(89)impairment losses December 31, 2022Carrying amount December 31, 2021<span class=\"_ _1bd\"> </span>49<span class=\"_ _ec\"> </span>17<span class=\"_ _2e6\"> </span>1<span class=\"_ _e8\"> </span>1<span class=\"_ _a5\"> </span>68Carrying amount December 31, 2022<span class=\"_ _1bd\"> </span>32<span class=\"_ _ec\"> </span>12<span class=\"_ _2e6\"> </span>1<span class=\"_ _e8\"> </span>1<span class=\"_ _a5\"> </span>45New lease contr<span class=\"_ _2\"></span>acts concluded during 2022 amounted to 14 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 12 million Euro) and prim<span class=\"_ _0\"></span>arily rela<span class=\"_ _0\"></span>ted to buildings and cars. <span class=\"_ _2\"></span>\ue618e increase in right-of-use assets equals the incr<span class=\"_ _0\"></span>ease in le<span class=\"_ _0\"></span>ase liabilities. F<span class=\"_ _2\"></span>or additional information on the evolution of the lease lia<span class=\"_ _0\"></span>bilities, see Note 38.Lease rev<span class=\"_ _2\"></span>aluations made during 202<span class=\"_ _0\"></span>2 amounting to minus 2 million Euro (20<span class=\"_ _2\"></span>21: 7 million Euro) mainly re<span class=\"_ _0\"></span>late to contra<span class=\"_ _0\"></span>ct terminations.Business combinations amounting to 8 million E<span class=\"_ _0\"></span>uro rela<span class=\"_ _0\"></span>te to the acquisition of Inca (See note 19).In 2022,<span class=\"_ _2\"></span> impairment losses amounting to 15 million Euro (2<span class=\"_ _0\"></span>021: 1 million Eur<span class=\"_ _0\"></span>o) hav<span class=\"_ _0\"></span>e been recognized and m<span class=\"_ _0\"></span>ainly relate to assets belonging to entities tha<span class=\"_ _0\"></span>t are dedicated to the O\ue614set Solutions activ<span class=\"_ _0\"></span>ity and theref<span class=\"_ _0\"></span>ore subject to the planned disposal in 2023.<span class=\"_ _2\"></span>  \ue618ese assets wer<span class=\"_ _0\"></span>e fully impair<span class=\"_ _0\"></span>ed as the sales price for the disposal gr<span class=\"_ _0\"></span>oup is lower<span class=\"_ _2\"></span> than the carr<span class=\"_ _22\"></span>ying amount of the disposal group<span class=\"_ _0\"></span>.  More inform<span class=\"_ _0\"></span>ation is prov<span class=\"_ _0\"></span>ided under section 4 <span class=\"_ _2\"></span>\u2018Use of estimates and judgments\u2019<span class=\"_ _b3\"></span>.\ue690\ue61c.<span class=\"_ _0\"></span> INVESTMENTS <span class=\"_ _22\"></span>IN ASSOCIA<span class=\"_ _2\"></span>TES AND FINANCIAL ASSETS30.<span class=\"_ _2\"></span>1 Investments in associatesIn the course of 2021,<span class=\"_ _0\"></span> the Group established w<span class=\"_ _0\"></span>ith other in<span class=\"_ _0\"></span>vestment p<span class=\"_ _0\"></span>artners the company P<span class=\"_ _2\"></span>enny Black,<span class=\"_ _0\"></span> a start-up priv<span class=\"_ _0\"></span>ate limited liability comp<span class=\"_ _0\"></span>any pr<span class=\"_ _0\"></span>oviding sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e and printing solutions for<span class=\"_ _0\"></span> the e-commerce business.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup holds an inves<span class=\"_ _0\"></span>tment of 49.80% in this company<span class=\"_ _1\"></span>. \ue618e in<span class=\"_ _0\"></span>vestment in this associa<span class=\"_ _0\"></span>te is measur<span class=\"_ _0\"></span>ed using the equity method.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _0\"></span> the Agf<span class=\"_ _0\"></span>a-Gevaert Gr<span class=\"_ _0\"></span>oup made an extr<span class=\"_ _2\"></span>a investment of 0,<span class=\"_ _2\"></span>7 million Euro in this associate<span class=\"_ _2\"></span>. During 202<span class=\"_ _0\"></span>2, the Group has recogniz<span class=\"_ _0\"></span>ed losses amounting to 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7 million Euro in r<span class=\"_ _0\"></span>elation to its interest in this as<span class=\"_ _0\"></span>sociate (20<span class=\"_ _0\"></span>21: 0,2 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618e carr<span class=\"_ _22\"></span>ying amount of the inv<span class=\"_ _0\"></span>estment in P<span class=\"_ _0\"></span>enny Bla<span class=\"_ _0\"></span>ck amounts to 0.<span class=\"_ _2\"></span>7 million Euro after<span class=\"_ _0\"></span> equity pick<span class=\"_ _2\"></span>-up.<span class=\"_ _0\"></span>  \ue61f\ue61e\ue61f\ue61d2022MILLION EUROPenny Black (\ue616\ue61b.\ue617\ue61a%)Penny Black (49.80%)Carrying amount of interests, including goodwill<span class=\"_ _2c8\"> </span>\ue61e.\ue619<span class=\"_ _260\"> </span>\ue61e.\ue619Net loss after taxes\ue610<span class=\"_ _2e7\"> </span>(\ue61e.\ue61a)<span class=\"_ _150\"> </span>(\ue61d.\ue61a)Group\u2019s share of net loss after taxes\ue614<span class=\"_ _160\"> </span>(0.2)<span class=\"_ _2e8\"> </span>(0.7)Other Comprehensive Income of MphRx<span class=\"_ _213\"> </span>-<span class=\"_ _90\"> </span>-Group\u2019s share of Other Comprehensive Income\ue614<span class=\"_ _194\"> </span>-<span class=\"_ _2e9\"> </span>-Summarized \ue615nancial information\ue614Non-current assets<span class=\"_ _121\"> </span>\ue61e.\ue616<span class=\"_ _90\"> </span>-Current assets<span class=\"_ _19d\"> </span>\ue61d.\ue61d<span class=\"_ _260\"> </span>\ue61d.\ue61aEquity\ue610<span class=\"_ _76\"> </span>\ue61d.\ue618<span class=\"_ _260\"> </span>\ue61d.\ue61fCurrent liabilities<span class=\"_ _149\"> </span>-<span class=\"_ _260\"> </span>\ue61e.\ue61dGroup\u2019s share of equity\ue614<span class=\"_ _1e\"> </span>0.7<span class=\"_ _260\"> </span>0.7Goodwill included in carrying amount of the investment<span class=\"_ _25b\"> </span>-<span class=\"_ _90\"> </span>-Carrying amount of investment in other a\ue611liates<span class=\"_ _137\"> </span>0.7<span class=\"_ _260\"> </span>0.730.2. Financial assetsAt December<span class=\"_ _0\"></span> 2022 and 20<span class=\"_ _2\"></span>21, \ue615nancial assets at fair<span class=\"_ _2\"></span> value through OCI comprise the in<span class=\"_ _0\"></span>vestment in Digital Illustr<span class=\"_ _2\"></span>ate Inc., a Kore<span class=\"_ _0\"></span>an UV printer<span class=\"_ _0\"></span> manufactur<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>. \ue618e Gr<span class=\"_ _0\"></span>oup owns 15% of the shar<span class=\"_ _0\"></span>es of this company<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is inves<span class=\"_ _0\"></span>tment is carried at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> being the quoted price on the stock e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e with chang<span class=\"_ _0\"></span>es in fair<span class=\"_ _0\"></span> value book<span class=\"_ _2\"></span>ed in OCI.\ue618e Group designated this in<span class=\"_ _2\"></span>vestment as at FV<span class=\"_ _0\"></span>OCI because this represents an in<span class=\"_ _2\"></span>vestment that the Group intends to hold for the lon<span class=\"_ _0\"></span>g term for str<span class=\"_ _2\"></span>ategic purposes. During 202<span class=\"_ _0\"></span>2, no dividends ha<span class=\"_ _0\"></span>ve been receiv<span class=\"_ _0\"></span>ed (2021: 0 million E<span class=\"_ _0\"></span>uro).MILLION EURO<span class=\"_ _77\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>Financial assets at fair value through OCI - Equity instruments<span class=\"_ _2ea\"> </span>\ue619<span class=\"_ _92\"> </span>\ue616Financial assets at amortized cost<span class=\"_ _1cc\"> </span>\ue616<span class=\"_ _92\"> </span>\ue61dTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2eb\"> </span><span class=\"ls1 ws1\">10<span class=\"_ _92\"> </span>5</span>\ue690\ue67f.<span class=\"_ _0\"></span> RECEIV<span class=\"_ _2\"></span>ABLES UNDER FINANCE LEASESLease agreements in w<span class=\"_ _0\"></span>hich the other part<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, as lessee<span class=\"_ _2\"></span>, is to be regarded as the economic o<span class=\"_ _0\"></span>wner of the le<span class=\"_ _0\"></span>ased assets give rise to accounts receiv<span class=\"_ _2\"></span>able in the amount of the discounted future lease pa<span class=\"_ _0\"></span>yments. <span class=\"_ _2\"></span>\ue618ese receivables amounted to 1<span class=\"_ _0\"></span>05 million Euro as of December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>22 (2021: 102 million E<span class=\"_ _0\"></span>uro) and w<span class=\"_ _0\"></span>ill bear<span class=\"_ _0\"></span> interest income until their<span class=\"_ _0\"></span> maturity d<span class=\"_ _0\"></span>ates of 11 million Euro (20<span class=\"_ _2\"></span>21: 10 million Euro).As of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the impairment losses on the r<span class=\"_ _0\"></span>eceivables under<span class=\"_ _2\"></span> \ue615nance leases amounted to 1 million Euro (2<span class=\"_ _0\"></span>021: 2 million Euro<span class=\"_ _0\"></span>).\ue618e receiv<span class=\"_ _0\"></span>ables under \ue615n<span class=\"_ _0\"></span>ance leases can be presente<span class=\"_ _0\"></span>d as follows:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _154\"> </span><span class=\"ffc\">2022</span>T<span class=\"_ _2\"></span>otal future  Unearned Present T<span class=\"_ _2\"></span>otal future  Unearned Present MILLION EUROpaymentsinterest incomevaluepaymentsinterest incomevalueNot later than one year<span class=\"_ _28d\"> </span>\ue61a\ue617<span class=\"_ _246\"> </span>\ue616<span class=\"_ _ea\"> </span>\ue61a\ue61f<span class=\"_ _ea\"> </span>\ue61a\ue619<span class=\"_ _246\"> </span>\ue616<span class=\"_ _ea\"> </span>\ue61a\ue61aY<span class=\"_ _2\"></span>ear +\ue61f<span class=\"_ _2b7\"> </span>\ue61f\ue61c<span class=\"_ _12b\"> </span>\ue61a<span class=\"_ _206\"> </span>\ue61f\ue618<span class=\"_ _ea\"> </span>\ue61f\ue61c<span class=\"_ _12b\"> </span>\ue61a<span class=\"_ _206\"> </span>\ue61f\ue618Y<span class=\"_ _2\"></span>ear +\ue61a<span class=\"_ _2b7\"> </span>\ue61f\ue61f<span class=\"_ _12b\"> </span>\ue61f<span class=\"_ _206\"> </span>\ue61f\ue61d<span class=\"_ _ea\"> </span>\ue61f\ue61d<span class=\"_ _12b\"> </span>\ue61f<span class=\"_ _206\"> </span>\ue61d\ue61bY<span class=\"_ _2\"></span>ear +\ue616<span class=\"_ _2b7\"> </span>\ue61d\ue61f<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _206\"> </span>\ue61d\ue61f<span class=\"_ _ea\"> </span>\ue61d\ue618<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _206\"> </span>\ue61d\ue616Y<span class=\"_ _2\"></span>ear +\ue618<span class=\"_ _239\"> </span>\ue617<span class=\"_ _23f\"> </span>-<span class=\"_ _12b\"> </span>\ue617<span class=\"_ _246\"> </span>\ue61b<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _246\"> </span>\ue61cLater than \ue614ve years<span class=\"_ _1c4\"> </span>\ue616<span class=\"_ _23f\"> </span>-<span class=\"_ _246\"> </span>\ue61a<span class=\"_ _12b\"> </span>\ue616<span class=\"_ _23f\"> </span>-<span class=\"_ _246\"> </span>\ue616T<span class=\"_ _2\"></span>otal minimum lease payments<span class=\"_ _e0\"> </span>108<span class=\"_ _206\"> </span>10<span class=\"_ _206\"> </span>99<span class=\"_ _203\"> </span>114<span class=\"_ _ea\"> </span>11<span class=\"_ _203\"> </span>104Unguaranteed residual value<span class=\"_ _f4\"> </span>\ue61a<span class=\"_ _23f\"> </span>-<span class=\"_ _12b\"> </span>\ue61a<span class=\"_ _246\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _246\"> </span>\ue61dTOT<span class=\"_ _0\"></span>AL<span class=\"_ _264\"> </span><span class=\"ls1 ws1\">110<span class=\"_ _206\"> </span>10<span class=\"_ _203\"> </span>102<span class=\"_ _12e\"> </span>115<span class=\"_ _ea\"> </span>11<span class=\"_ _203\"> </span>105</span>Impairment losses<span class=\"_ _29e\"> </span>(\ue61f)<span class=\"_ _3a\"> </span>(\ue61d)Receivables under \ue614nance lease<span class=\"_ _2e3\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _2d6\"> </span>\ue61d\ue61e\ue61a\ue618e Group leases out its commer<span class=\"_ _0\"></span>cial equipment under \ue615n<span class=\"_ _0\"></span>ance leases mainly <span class=\"_ _0\"></span>via Agf<span class=\"_ _0\"></span>a Finance (i.e<span class=\"_ _2\"></span>. Agfa Fin<span class=\"_ _0\"></span>ance NV<span class=\"_ _1\"></span>, Agfa Finance Corp<span class=\"_ _0\"></span>. and Agf<span class=\"_ _0\"></span>a Finance Inc.) and vi<span class=\"_ _0\"></span>a Agfa sales org<span class=\"_ _0\"></span>anizations in Austr<span class=\"_ _2\"></span>alia and Belgium.At the inception of the lease<span class=\"_ _2\"></span>, the present v<span class=\"_ _0\"></span>alue of the minimum lease pa<span class=\"_ _0\"></span>yments gener<span class=\"_ _2\"></span>ally amounts to at least 90% of the fair<span class=\"_ _0\"></span> value of the le<span class=\"_ _0\"></span>ased assets.\ue618e major<span class=\"_ _0\"></span> part of the leases concluded w<span class=\"_ _0\"></span>ith Agf<span class=\"_ _0\"></span>a Finance typically run for<span class=\"_ _2\"></span> a non-cancellable period of four y<span class=\"_ _0\"></span>ears. <span class=\"_ _2\"></span>\ue618e con<span class=\"ws1\">-</span>tracts g<span class=\"_ _0\"></span>enerally include an option to pur<span class=\"_ _0\"></span>chase the lease<span class=\"_ _0\"></span>d equipment after tha<span class=\"_ _0\"></span>t period at a price that gener<span class=\"_ _2\"></span>ally lies between 2% and 5% of the gross inv<span class=\"_ _0\"></span>estment at the inception of the lease<span class=\"_ _2\"></span>.Sometimes, the fair<span class=\"_ _2\"></span> value of the leased as<span class=\"_ _0\"></span>set is paid back<span class=\"_ _0\"></span> by means of a pur<span class=\"_ _0\"></span>chase obligation for<span class=\"_ _0\"></span> consumables at a <span class=\"_ _0\"></span>value high<span class=\"ws1\">-</span>er than its m<span class=\"_ _0\"></span>arket v<span class=\"_ _2\"></span>alue, in such a w<span class=\"_ _2\"></span>ay that this mark<span class=\"_ _2\"></span>-up is su\ue616cient to cover<span class=\"_ _0\"></span> the amount initially inv<span class=\"_ _0\"></span>ested by the les<span class=\"_ _0\"></span>sor<span class=\"_ _2\"></span>.In these types of contra<span class=\"_ _0\"></span>cts the mark<span class=\"_ _2\"></span>-up and or the lease term can be subject to chang<span class=\"_ _0\"></span>e.Agfa Finance o\ue614ers its pr<span class=\"_ _0\"></span>oducts via its subsidi<span class=\"_ _0\"></span>aries in France and Italy and its br<span class=\"_ _2\"></span>anches in Europe (Spain, Sw<span class=\"_ _0\"></span>itzerland,<span class=\"_ _0\"></span> Benelux, German<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, UK and the Nor<span class=\"_ _2\"></span>dic countries), via <span class=\"_ _0\"></span>Agfa Finance Corp<span class=\"_ _2\"></span>. in the US and Agfa Finance Inc.<span class=\"_ _0\"></span> in Canada.<span class=\"_ _0\"></span> As of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> the present value of the total future le<span class=\"_ _2\"></span>ase payments before impairment los<span class=\"_ _0\"></span>ses for <span class=\"_ _0\"></span>Agfa Finance amount<span class=\"ws1\">-</span>ed to 104 million E<span class=\"_ _0\"></span>uro (2021: 1<span class=\"_ _0\"></span>01 million Euro<span class=\"_ _0\"></span>).\ue618e Agfa sales or<span class=\"_ _0\"></span>ganization in A<span class=\"_ _0\"></span>ustralia o\ue614<span class=\"_ _0\"></span>ers customer \ue615n<span class=\"_ _0\"></span>ancing of graphical equipment w<span class=\"_ _0\"></span>ith an aver<span class=\"_ _2\"></span>age remaining term of 12 months and in Belgium, A<span class=\"_ _0\"></span>gfa O\ue614set B<span class=\"_ _0\"></span>V is the lessor<span class=\"_ _0\"></span> of o\ue614set equipment. As of December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of the total future lease p<span class=\"_ _0\"></span>ayments befor<span class=\"_ _0\"></span>e impairment losses for<span class=\"_ _2\"></span> these sales organizations are 1 million Euro (20<span class=\"_ _0\"></span>21: 1 million Euro).During 202<span class=\"_ _0\"></span>2 and 2021,<span class=\"_ _0\"></span> the Group hasn<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>t sold any receiv<span class=\"_ _0\"></span>ables under \ue615nance le<span class=\"_ _2\"></span>ase.\ue690\ue61d.<span class=\"_ _0\"></span> INVENTORIESMILLION EURO<span class=\"_ _15\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>Raw materials and auxiliaries<span class=\"_ _2ec\"> </span>\ue617\ue61b<span class=\"_ _ef\"> </span>\ue61b\ue61fW<span class=\"_ _0\"></span>ork in progress and semi-\ue614nished goods <span class=\"_ _16c\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _c0\"> </span>\ue61d\ue61d\ue61cFinished goods<span class=\"_ _19d\"> </span>\ue61f\ue61b<span class=\"_ _ef\"> </span>\ue61a\ue61eGoods purchased for resale including spare parts<span class=\"_ _2ed\"> </span>\ue61d\ue61b\ue61f<span class=\"_ _c0\"> </span>\ue61f\ue61f\ue616Inventory in transit &amp; other inventory<span class=\"_ _1e9\"> </span>\ue61f\ue61b<span class=\"_ _ef\"> </span>\ue61f\ue61fTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2ee\"> </span><span class=\"ls1 ws1\">418<span class=\"_ _c0\"> </span>487</span>In 2022,<span class=\"_ _2\"></span> inventories are written do<span class=\"_ _0\"></span>wn to net realiza<span class=\"_ _0\"></span>ble value f<span class=\"_ _0\"></span>or an amount of 12 million Eur<span class=\"_ _0\"></span>o (2021: 12 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> \ue618ese write-downs r<span class=\"_ _0\"></span>elate to obsolete<span class=\"_ _0\"></span>, dam<span class=\"_ _0\"></span>aged or<span class=\"_ _0\"></span> expired in<span class=\"_ _0\"></span>ventory<span class=\"_ _2\"></span>. W<span class=\"_ _2\"></span>rite-downs of inventories ar<span class=\"_ _0\"></span>e included in cost of sales in the consolidated statement of pr<span class=\"_ _0\"></span>o\ue615t or loss.Increase<span class=\"_ _0\"></span>d inventory leve<span class=\"_ _0\"></span>ls versus las<span class=\"_ _0\"></span>t year<span class=\"_ _2\"></span> are mainly driven by in\ue617a<span class=\"_ _0\"></span>tion, supply chain is<span class=\"_ _0\"></span>sues, component shortages and the acquisition of Inca Digital Printers.In the course of 2022,<span class=\"_ _0\"></span> the Group acquire<span class=\"_ _0\"></span>d Inca Digital Printers (see Note 19).<span class=\"_ _0\"></span> Inv<span class=\"_ _0\"></span>entories acquired in this business com<span class=\"ws1\">-</span>bination wer<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>alued at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue less costs to sell being the estim<span class=\"_ _0\"></span>ated selling price in the or<span class=\"_ _0\"></span>dinary course of business less estimated costs of completion and sale and a r<span class=\"_ _0\"></span>easonable pr<span class=\"_ _0\"></span>o\ue615t margin based on the e\ue614<span class=\"_ _0\"></span>ort required to sell the in<span class=\"_ _2\"></span>ventory<span class=\"_ _0\"></span>. \ue690\ue690.<span class=\"_ _0\"></span> OTHER RECEIV<span class=\"_ _2\"></span>ABLESOther r<span class=\"_ _0\"></span>eceivables can be pr<span class=\"_ _0\"></span>esented as follow<span class=\"_ _0\"></span>s:MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span> (\ue61d)Uninstalled leases-<span class=\"_ _ed\"> </span>(\ue61f)Deferred purchase price related to the Inca acquisition<span class=\"_ _2ef\"> </span>-<span class=\"_ _92\"> </span>\ue61aSubsidies and grants<span class=\"_ _121\"> </span>\ue61d<span class=\"_ _44\"> </span>-Payroll receivables<span class=\"_ _1d0\"> </span>-<span class=\"_ _92\"> </span>\ue61dOther receivables<span class=\"_ _126\"> </span>\ue61a<span class=\"_ _92\"> </span>\ue616TOT<span class=\"_ _0\"></span>AL<span class=\"_ _b\"> </span><span class=\"ls1 ws1\">4<span class=\"_ _92\"> </span>6</span>(1) Leased equipment not y<span class=\"_ _0\"></span>et installed at the client\u2019<span class=\"_ _2\"></span>s premises.\ue690\ue69d.<span class=\"_ _0\"></span> CASH <span class=\"_ _0\"></span>AND CASH EQUIV<span class=\"_ _2\"></span>ALENTS\ue618e reconciliation of cash and cash equiv<span class=\"_ _2\"></span>alents with its corresponding items in the statement of \ue615nancial position can be presented as follo<span class=\"_ _0\"></span>ws:MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>T<span class=\"_ _2\"></span>otal cash and cash equivalents as reported in the consolidated statement of \ue615nancial p<span class=\"_ _22\"></span>osition<span class=\"_ _2ae\"> </span>398<span class=\"_ _2f0\"> </span>138Bank overdrafts (reported under current loans and borrowings)<span class=\"_ _42\"> </span>-<span class=\"_ _263\"> </span>-T<span class=\"_ _2\"></span>otal cash and cash equivalents as reported in the consolidated statement of cash \ue613ows<span class=\"_ _24b\"> </span>398<span class=\"_ _c0\"> </span>138\ue690\ue6a0.<span class=\"_ _0\"></span> NON\ue684CURRENT <span class=\"_ _2\"></span>ASSETS HELD FOR SALE\ue618e non-current assets,<span class=\"_ _0\"></span> classi\ue615ed as held for<span class=\"_ _2\"></span> sale, re<span class=\"_ _0\"></span>late to the planned sale of the closed o\ue614set printing pla<span class=\"_ _0\"></span>te factory in V<span class=\"_ _2\"></span>allese (Italy) belonging to the O\ue614set Solutions segment.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e sale is planned for<span class=\"_ _0\"></span> next y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>. Rela<span class=\"_ _0\"></span>ted land, buildin<span class=\"_ _0\"></span>gs and infrastr<span class=\"_ _0\"></span>ucture are me<span class=\"_ _0\"></span>asured at their<span class=\"_ _2\"></span> carr<span class=\"_ _22\"></span>ying amount at December<span class=\"_ _2\"></span> 31, which is lower<span class=\"_ _0\"></span> than the fair<span class=\"_ _2\"></span> value less costs to sell.\ue618e site in P<span class=\"_ _0\"></span>ont-\u00e0-Marcq (Fr<span class=\"_ _0\"></span>ance),<span class=\"_ _0\"></span> classi\ue615ed as held-for<span class=\"_ _2\"></span>-sale last year<span class=\"_ _0\"></span> w<span class=\"_ _0\"></span>as successfully sold in 20<span class=\"_ _2\"></span>22.\ue618e site in Leeds (UK), classi\ue615e<span class=\"_ _0\"></span>d as held-for-sale in 2<span class=\"_ _0\"></span>020 w<span class=\"_ _2\"></span>as successfully sold in 2021 w<span class=\"_ _0\"></span>ith a gain amounting to 7 million Euro (<span class=\"_ _0\"></span>see Note 9.1 \u2018Other<span class=\"_ _2\"></span> operating income<span class=\"_ _0\"></span>\u2019).\ue690\ue6ad.<span class=\"_ _0\"></span> OTHER ASSETSOther non-curr<span class=\"_ _0\"></span>ent and current assets can be presented as f<span class=\"_ _0\"></span>ollows:MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>Non-currentMulti year service contracts (strategic suppliers)<span class=\"_ _2a3\"> </span>\ue61d<span class=\"_ _44\"> </span>-Prepayments (see Note \ue616\ue617.\ue61f Other related party transactions)<span class=\"_ _198\"> </span>\ue61d\ue61e<span class=\"_ _92\"> </span>\ue619T<span class=\"_ _2\"></span>otal non-current<span class=\"_ _1a\"> </span>11<span class=\"_ _92\"> </span>8CurrentMulti year service contracts (strategic suppliers)\ue610<span class=\"_ _29b\"> </span>\ue61c<span class=\"_ _ef\"> </span>\ue61d\ue61eAdvances on costs\ue610<span class=\"_ _1a\"> </span>-<span class=\"_ _44\"> </span>-Guarantees and deposits\ue610<span class=\"_ _2f1\"> </span>\ue619<span class=\"_ _92\"> </span>\ue61aPrepayments<span class=\"_ _14c\"> </span>\ue61a<span class=\"_ _92\"> </span>\ue61aOther\ue610<span class=\"_ _4\"> </span>\ue61d<span class=\"_ _263\"> </span>-T<span class=\"_ _2\"></span>otal current<span class=\"_ _11f\"> </span>18<span class=\"_ _ef\"> </span>17TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2f2\"> </span><span class=\"ls1 ws1\">29<span class=\"_ _ef\"> </span>24</span>EQUITY AND <span class=\"_ _22\"></span>LIABILITIES\ue680<span class=\"_ _b3\"></span>. EQUITY\ue618e v<span class=\"_ _0\"></span>arious components of Equity and the changes ther<span class=\"_ _0\"></span>ein from January 1,<span class=\"_ _0\"></span> 2021 to December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 are pr<span class=\"_ _0\"></span>esented in the Consolidated Statements of Chan<span class=\"_ _0\"></span>ges in Equity<span class=\"_ _2\"></span>.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1 Share capital and share premiumAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> the issued capital of the Comp<span class=\"_ _0\"></span>any amounts to 187 million E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e outstanding ordinary shares amount to 154,8<span class=\"_ _2\"></span>20,528 at December 31,<span class=\"_ _0\"></span> 2022 (2<span class=\"_ _0\"></span>021: 160<span class=\"_ _0\"></span>,506,<span class=\"_ _2\"></span>706 outstanding shares<span class=\"_ _0\"></span>). 3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Reserve for own shares\ue618e reserve for<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s own shar<span class=\"_ _0\"></span>es comprises the cost of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s shares he<span class=\"_ _0\"></span>ld by the Group<span class=\"_ _2\"></span>. At December<span class=\"_ _0\"></span> 31, 2022,<span class=\"_ _2\"></span> the Group does not hold own shares (20<span class=\"_ _0\"></span>21: 68,053).On March 10<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>21, the Group h<span class=\"_ _0\"></span>as announced a share buy<span class=\"_ _0\"></span>back pr<span class=\"_ _0\"></span>ogram w<span class=\"_ _0\"></span>ith a volume up to 5<span class=\"_ _0\"></span>0 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert NV has reques<span class=\"_ _0\"></span>ted a \ue615nancial intermediary to repur<span class=\"_ _0\"></span>chase Agf<span class=\"_ _0\"></span>a-Geva<span class=\"_ _0\"></span>ert shares for<span class=\"_ _0\"></span> a maximum amount of 50<span class=\"_ _0\"></span>,000,<span class=\"_ _2\"></span>000 Euro on its behalf under the terms of an initial discr<span class=\"_ _0\"></span>etionary mandate agreement <span class=\"_ _0\"></span>with v<span class=\"_ _2\"></span>alidity until March 31, 202<span class=\"_ _0\"></span>2, e\ue614ectiv<span class=\"_ _0\"></span>e as from April 1,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> On March 8,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the Board of Dir<span class=\"_ _0\"></span>ectors decided to extend the <span class=\"_ _0\"></span>\u20182<span class=\"_ _0\"></span>021 Share Bu<span class=\"_ _0\"></span>yback<span class=\"_ _0\"></span> program<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> through March 31, 2<span class=\"_ _0\"></span>023 (the <span class=\"_ _2\"></span>\u2018Extended Share Buyback<span class=\"_ _0\"></span> Progr<span class=\"_ _0\"></span>am 2021<span class=\"_ _2\"></span>\u2019). Since the beginning of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am until June 9th, 2022,<span class=\"_ _0\"></span> based on the tr<span class=\"_ _0\"></span>ansaction date<span class=\"_ _2\"></span>, the Agfa-Gev<span class=\"_ _2\"></span>aert Group bought 12,9<span class=\"_ _0\"></span>30,66<span class=\"_ _2\"></span>2 own shares (2021 : 7<span class=\"_ _2\"></span>,312,53<span class=\"_ _0\"></span>7 shares; 20<span class=\"_ _0\"></span>22 : 5,618,125 shar<span class=\"_ _0\"></span>es) for<span class=\"_ _0\"></span> a total amount of 50 million Eur<span class=\"_ _0\"></span>o (2022 : 21 million E<span class=\"_ _0\"></span>uro; 20<span class=\"_ _0\"></span>21 : 29 million Eur<span class=\"_ _0\"></span>o). <span class=\"_ _0\"></span>With this announcement,<span class=\"_ _0\"></span> Agfa-Gev<span class=\"_ _2\"></span>aert NV has completed its share buy<span class=\"_ _2\"></span><span class=\"ws1\">-</span>back pr<span class=\"_ _0\"></span>ogram tha<span class=\"_ _0\"></span>t had started on <span class=\"_ _0\"></span>April 1, 20<span class=\"_ _0\"></span>21. In the \ue615rst half-ye<span class=\"_ _0\"></span>ar of 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has purchased 5,<span class=\"_ _0\"></span>618,125 own shar<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> an amount of 21 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618ese shares were cancelle<span class=\"_ _0\"></span>d in the course of the \ue615rst half-year<span class=\"_ _2\"></span> of 2022 (2021 : 11,<span class=\"_ _0\"></span>344,336 cancellation of shar<span class=\"_ _0\"></span>es).<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31, the Group does not hold own sh<span class=\"_ _0\"></span>ares.  3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3 Revaluation reserve\ue618e rev<span class=\"_ _0\"></span>aluation reserve comprises the r<span class=\"_ _0\"></span>evalu<span class=\"_ _0\"></span>ation of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s investment in Digital Illustr<span class=\"_ _2\"></span>ate Inc. which is irrev<span class=\"_ _0\"></span>ocably designated at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue through OCI and will subsequently not be r<span class=\"_ _0\"></span>ecycled to pro\ue615t or<span class=\"_ _0\"></span> loss.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.4 Hedging reserveAs of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the hedging reserve comprises the e\ue614<span class=\"_ _0\"></span>ective portion of the cumulative net chan<span class=\"_ _0\"></span>ge in fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of foreign ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts designated as cash \ue617ow hedges.In the course of 2022 and 20<span class=\"_ _2\"></span>21, the Group designated for<span class=\"_ _0\"></span>eign exchang<span class=\"_ _0\"></span>e contracts as <span class=\"_ _2\"></span>\u2018cash \ue617o<span class=\"_ _0\"></span>w hedges<span class=\"_ _2\"></span>\u2019 of its foreign curren<span class=\"ws1\">-</span>cy exposure in US Doll<span class=\"_ _0\"></span>ar re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted revenue o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the followin<span class=\"_ _0\"></span>g 12 months. <span class=\"_ _2\"></span>\ue618e portion of<span class=\"_ _22\"></span> the gain on the forwar<span class=\"_ _2\"></span>d exchange contr<span class=\"_ _0\"></span>acts that is determined to be an e\ue614ectiv<span class=\"_ _0\"></span>e hedge is recogniz<span class=\"_ _0\"></span>ed directly in <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> compre<span class=\"ws1\">-</span>hensive income<span class=\"_ _0\"></span>\u2019 (December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22: -2 million E<span class=\"_ _0\"></span>uro net of tax, December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21: - 2 million Euro net of tax).A reconcilia<span class=\"_ _0\"></span>tion of hedge reserve in tabular<span class=\"_ _2\"></span> format for e<span class=\"_ _0\"></span>ach type of risk is pr<span class=\"_ _0\"></span>ovided in N<span class=\"_ _0\"></span>ote 21.4.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.5 Remeasurement of the net de\ue61fned bene\ue61ft liabilityRemeasur<span class=\"_ _0\"></span>ements of the net de\ue615ned bene\ue615t liability comprise both the imp<span class=\"_ _0\"></span>act of the \ue615rst time adoption of the 2011 amend<span class=\"ls1 ws1\">-</span>ment of IAS 19 and all subsequent reme<span class=\"_ _0\"></span>asurements of the net de\ue615ned bene\ue615t liabilities.<span class=\"_ _0\"></span> Remeas<span class=\"_ _0\"></span>urements of the net de\ue615ned bene\ue615t liability primarily<span class=\"_ _0\"></span> relate to actu<span class=\"_ _0\"></span>arial gains and losses and return on pl<span class=\"_ _0\"></span>an assets, ex<span class=\"_ _0\"></span>cluding the amounts included in net interest on the net de\ue615ned bene\ue615t lia<span class=\"_ _0\"></span>bilities.\ue618e evolution for<span class=\"_ _0\"></span> the ye<span class=\"_ _0\"></span>ar 20<span class=\"_ _0\"></span>22 is as follow<span class=\"_ _0\"></span>s:Remeasurement of MILLION EURO<span class=\"_ _2f3\"> </span>December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61dthe net de\ue614ned T<span class=\"_ _2\"></span>ax impact<span class=\"_ _296\"> </span><span class=\"ffc\">December 31, 2022</span>bene\ue614t liabilityNote \ue61d\ue61a<span class=\"_ _2da\"> </span>Note \ue61d\ue619.\ue616Remeasurement of the net de\ue615ned bene\ue615t liabilityRelated to material countries<span class=\"_ _2d3\"> </span>(\ue61d,\ue61e\ue61e\ue617)<span class=\"_ _138\"> </span>\ue61d\ue616\ue618<span class=\"_ _c5\"> </span>(\ue61f\ue61a)<span class=\"_ _39\"> </span>(\ue61c\ue61c\ue61a)Related to non-material countries<span class=\"_ _2f4\"> </span>(\ue61f\ue619)<span class=\"_ _2e8\"> </span>\ue61f<span class=\"_ _236\"> </span>-<span class=\"_ _12b\"> </span>(\ue61f\ue618)TOT<span class=\"_ _0\"></span>AL<span class=\"_ _1b3\"> </span><span class=\"ls1 ws1\">(1,033)<span class=\"_ _1c1\"> </span>148<span class=\"_ _49\"> </span>(23)<span class=\"_ _163\"> </span>(908)</span>\ue618e movement of the y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>, net of tax amounts is an incre<span class=\"_ _0\"></span>ase of 128 million Euro<span class=\"_ _0\"></span>. Deferr<span class=\"_ _0\"></span>ed taxes rel<span class=\"_ _0\"></span>ated to the e\ue614ects of remeas<span class=\"_ _0\"></span>urements are also recogniz<span class=\"_ _0\"></span>ed in \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>\ue618e tax e\ue614ect is further<span class=\"_ _0\"></span> explained in Note 1<span class=\"_ _2\"></span>7.4.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.6 T<span class=\"_ _2\"></span>ranslation reserve\ue618e transla<span class=\"_ _0\"></span>tion reserve comprises all foreign curr<span class=\"_ _0\"></span>ency di\ue614erences arising fr<span class=\"_ _0\"></span>om the translation of the \ue615nanci<span class=\"_ _0\"></span>al statements of foreign oper<span class=\"_ _0\"></span>ations, as w<span class=\"_ _0\"></span>ell as from the tr<span class=\"_ _0\"></span>anslation of \ue615nancial instr<span class=\"_ _0\"></span>uments that hedge the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s net investment in a foreign subsidiary<span class=\"_ _2\"></span>.Until May 201<span class=\"_ _0\"></span>6, the Gr<span class=\"_ _0\"></span>oup utilized forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts to hedge the foreign currency e<span class=\"_ _0\"></span>xposure of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net inves<span class=\"_ _0\"></span>tment in one of its subsidiaries in the United States.<span class=\"_ _0\"></span> As from Ma<span class=\"_ _0\"></span>y 2016,<span class=\"_ _2\"></span> the Group has revoke<span class=\"_ _0\"></span>d the designation of the hedge<span class=\"_ _2\"></span>. \ue618e gain on the he<span class=\"_ _0\"></span>dging instrument rel<span class=\"_ _0\"></span>ating to the e\ue614ective portion of the hedg<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>as recognize<span class=\"_ _0\"></span>d in \u2018Other<span class=\"_ _2\"></span> com<span class=\"ls1 ws1\">-</span>prehensive income<span class=\"_ _2\"></span>\u2019 (December 31,<span class=\"_ _0\"></span> 2022: 1<span class=\"_ _0\"></span>0 million Euro<span class=\"_ _0\"></span>, December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>21: 10 million Euro) shall be recl<span class=\"_ _0\"></span>assi\ue615ed from equity to pro\ue615t or<span class=\"_ _0\"></span> loss on the disposal of the foreign oper<span class=\"_ _0\"></span>ation.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>7 DividendsFor<span class=\"_ _2\"></span> 2021, no dividend h<span class=\"_ _0\"></span>as been paid out based on the decision of the Gener<span class=\"_ _0\"></span>al Assembly of Shar<span class=\"_ _0\"></span>eholders of Agfa-Gev<span class=\"_ _2\"></span>aert NV on May 11,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> 2022, no dividend h<span class=\"_ _0\"></span>as been paid out based on the decision of the Gener<span class=\"_ _0\"></span>al Assembly of Shar<span class=\"_ _0\"></span>eholders of Agfa-Gev<span class=\"_ _2\"></span>aert NV on May 10,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2. F<span class=\"_ _0\"></span>or 2<span class=\"_ _0\"></span>023,<span class=\"_ _0\"></span> no dividend has been recommended b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Directors.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.8 Non-controlling interestsNon-controlling inter<span class=\"_ _0\"></span>ests have a m<span class=\"_ _0\"></span>aterial interest in nine s<span class=\"_ _0\"></span>ubsidiaries of the Group in Gre<span class=\"_ _0\"></span>ater China and the <span class=\"_ _0\"></span>ASEAN region (December 31,<span class=\"_ _0\"></span> 2022: 4<span class=\"_ _0\"></span>0 million Euro; December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>21: 52 million Euro). In E<span class=\"_ _0\"></span>urope<span class=\"_ _0\"></span>, there ar<span class=\"_ _0\"></span>e a few subsidiaries in w<span class=\"_ _0\"></span>hich non-controlling interes<span class=\"_ _0\"></span>ts have an inter<span class=\"_ _0\"></span>est that is of minor<span class=\"_ _0\"></span> importance to the Group (December 31,<span class=\"_ _2\"></span> 2022: 1 million Euro; De<span class=\"ls1 ws1\">-</span>cember 31,<span class=\"_ _0\"></span> 2021: 1 million E<span class=\"_ _0\"></span>uro).In Grea<span class=\"_ _0\"></span>ter China and the <span class=\"_ _0\"></span>ASEAN region, the Gr<span class=\"_ _0\"></span>oup and its business partner<span class=\"_ _0\"></span> Shenzhen Brother<span class=\"_ _0\"></span> Gao Deng Inv<span class=\"_ _0\"></span>estment Group Co.,<span class=\"_ _2\"></span> Ltd. combined as of 2010 their activ<span class=\"_ _0\"></span>ities aiming at reinfor<span class=\"_ _0\"></span>cing the market position in the Gr<span class=\"_ _0\"></span>eater<span class=\"_ _2\"></span> China and the ASEAN region. Shenzhen Br<span class=\"_ _0\"></span>other Gao Den<span class=\"_ _0\"></span>g Inves<span class=\"_ _0\"></span>tment Group Co<span class=\"_ _0\"></span>., Ltd. h<span class=\"_ _0\"></span>as a 49% stak<span class=\"_ _0\"></span>e in Agfa Gr<span class=\"_ _2\"></span>aphics Asia Ltd., the holding com<span class=\"ls1 ws1\">-</span>pany<span class=\"_ _0\"></span> of the combined operations of both parties.\ue618e subsidiaries of Agf<span class=\"_ _0\"></span>a Graphics Asi<span class=\"_ _0\"></span>a Ltd. at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>22 are: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa (W<span class=\"_ _2\"></span>uxi) Printing Plate Co.,<span class=\"_ _0\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa ASEAN Sdn.<span class=\"_ _2\"></span> Bhd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Imaging (Shenzhen<span class=\"_ _0\"></span>) Co.,<span class=\"_ _2\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Singapor<span class=\"_ _0\"></span>e Pte.<span class=\"_ _2\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>aiwan Co<span class=\"_ _0\"></span>., Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Gr<span class=\"_ _0\"></span>aphics Shanghai Co<span class=\"_ _2\"></span>., Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Pty Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">OOO Agfa Graphics</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa HuaGuan<span class=\"_ _0\"></span>g (Shanghai) Gr<span class=\"_ _0\"></span>aphics</span></span>Based on the current g<span class=\"_ _0\"></span>overnance str<span class=\"_ _0\"></span>ucture<span class=\"_ _0\"></span>, the Group h<span class=\"_ _0\"></span>as determined that it has control o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> these subsidiaries. <span class=\"_ _0\"></span>At December 31, 20<span class=\"_ _0\"></span>22, the accumul<span class=\"_ _0\"></span>ated amount of non-controlling inter<span class=\"_ _0\"></span>ests attributable to Shenzhen Brother<span class=\"_ _2\"></span> Gao Deng Investment Group Co.,<span class=\"_ _2\"></span> Ltd. and Lucky Hu<span class=\"_ _0\"></span>aGuang Graphics C<span class=\"_ _0\"></span>o.,<span class=\"_ _0\"></span> Ltd. amounts to 40 million E<span class=\"_ _0\"></span>uro,<span class=\"_ _2\"></span> including the loss allocated to non-controlling interests of these business partners amounts (2 million E<span class=\"_ _0\"></span>uro).\ue618e followin<span class=\"_ _0\"></span>g table summarizes the inf<span class=\"_ _0\"></span>ormation rela<span class=\"_ _0\"></span>ting to the companies in which the busines<span class=\"_ _0\"></span>s partner<span class=\"_ _0\"></span> Shenzhen Brother Gao Deng Inv<span class=\"_ _0\"></span>estment Group has a non-contr<span class=\"_ _0\"></span>olling interest of 49%,<span class=\"_ _0\"></span> and information r<span class=\"_ _0\"></span>elating to the non-controllin<span class=\"_ _0\"></span>g interest in the company<span class=\"_ _0\"></span> Agfa HuaGu<span class=\"_ _0\"></span>ang (Shanghai) Gr<span class=\"_ _2\"></span>aphics. \ue618is comp<span class=\"_ _0\"></span>any w<span class=\"_ _2\"></span>as newly established in 2019 by<span class=\"_ _0\"></span> Agfa Gr<span class=\"_ _2\"></span>aphics Asia, in which the Group has a s<span class=\"_ _0\"></span>take of 51% and by Luck<span class=\"_ _2\"></span>y HuaGuang Graphics C<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e latter holds a s<span class=\"_ _0\"></span>take of 49% in this newly es<span class=\"ls1 ws1\">-</span>tablished compan<span class=\"_ _0\"></span>y which brings the shar<span class=\"_ _0\"></span>e in this newly establishe<span class=\"_ _0\"></span>d company be<span class=\"_ _0\"></span>longing to minority shar<span class=\"_ _0\"></span>eholders to 73.99%.\ue618e information pro<span class=\"_ _0\"></span>vided is befor<span class=\"_ _0\"></span>e intercompan<span class=\"_ _0\"></span>y eliminations w<span class=\"_ _0\"></span>ith other comp<span class=\"_ _0\"></span>anies of the Agfa-Gev<span class=\"_ _2\"></span>aert Group.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2f5\"> </span><span class=\"ffc\">2022</span>Agfa Graphics Agfa Graphics Agfa HuaGuang  Agfa HuaGuang  Asia Ltd. and Asia Ltd. and Graphics (\ue619\ue61a,\ue61b\ue61b%)Graphics (73,99%)MILLION EUROsubsidiaries (\ue616\ue61b%)subsidiaries (49%)Current assets<span class=\"_ _2c1\"> </span>\ue61b\ue61c<span class=\"_ _13f\"> </span>\ue616\ue61b<span class=\"_ _13f\"> </span>\ue619\ue61b<span class=\"_ _131\"> </span>\ue616\ue61aNon-current assets<span class=\"_ _2f6\"> </span>\ue616\ue61b<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _195\"> </span>\ue61a\ue618<span class=\"_ _ce\"> </span>-Current liabilities<span class=\"_ _202\"> </span>\ue616\ue619<span class=\"_ _13f\"> </span>\ue616\ue618<span class=\"_ _195\"> </span>\ue61a\ue61c<span class=\"_ _131\"> </span>\ue61a\ue61cNon-current liabilities<span class=\"_ _2f7\"> </span>\ue61f<span class=\"_ _2a0\"> </span>-<span class=\"_ _e0\"> </span>\ue61f<span class=\"_ _ce\"> </span>-Net assets Agfa Graphics Asia Ltd. and its  99<span class=\"_ _e0\"> </span>5<span class=\"_ _195\"> </span>74<span class=\"_ _166\"> </span>5subsidiaries (consolidated)Carrying amount of non-controlling interests in  \ue618\ue617<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _12c\"> </span></span>\ue61d\ue616<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>Ag<span class=\"_ _22\"></span>fa Graphics Asia Ltd. and its subsidiaries (\ue618\ue619%)Carrying amount of non-controlling interests in  -<span class=\"_ _212\"> </span><span class=\"ff16\">\ue618<span class=\"_ _177\"> </span></span>-<span class=\"_ _d6\"> </span><span class=\"ff16\">\ue618</span>Ag<span class=\"_ _22\"></span>fa HuaGuang Graphics (\ue61b\ue61d.\ue619\ue619%)Revenue\ue610<span class=\"_ _2c7\"> </span>\ue61d\ue617\ue616<span class=\"_ _132\"> </span>\ue61d\ue61a\ue61f<span class=\"_ _132\"> </span>\ue61d\ue619\ue61f<span class=\"_ _f8\"> </span>\ue61d\ue61d\ue61bPro\ue614t for the year<span class=\"_ _2f8\"> </span>\ue61c<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue618)<span class=\"_ _f3\"> </span>-Pro\ue615t allocated to non-controlling interests in Agfa \ue618<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _132\"> </span></span>(\ue614)<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>Graphics Asia Ltd. and its subsidiaries (\ue618\ue619%)Pro\ue615t allocated to non-controlling interests in Agfa -<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>HuaGuang Graphics Asia (\ue61b\ue61d.\ue619\ue619%)Other comprehensive income: translation di\ue615erences<span class=\"_ _2f9\"> </span>\ue616<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>Other comprehensive income allocated to non-controlling -<span class=\"_ _2a0\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _f3\"> </span>-interests in Agfa Graphics Asia Ltd. and its subsidiaries (49%)T<span class=\"_ _2\"></span>otal comprehensive income allocated to  non-controlling interests in Agfa Graphics Asia Ltd.  \ue617<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _132\"> </span></span>(\ue614)<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>and its subsidiaries (\ue618\ue619%)T<span class=\"_ _2\"></span>otal comprehensive income allocated to  non-controlling interests in Agfa HuaGuang Graphics -<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>(\ue61b\ue61d.\ue619\ue619%)Cash \ue613ows from operating activities<span class=\"_ _249\"> </span>\ue61f\ue61d<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _195\"> </span>\ue61a\ue61c<span class=\"_ _166\"> </span>\ue61dCash \ue613ows from investing activities<span class=\"_ _242\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _f3\"> </span>-Cash \ue613ows from \ue614nancing activities<span class=\"_ _289\"> </span>(\ue61f\ue619)<span class=\"_ _2a0\"> </span>-<span class=\"_ _d4\"> </span>(\ue61f\ue618)<span class=\"_ _b2\"> </span>(\ue61d)Dividends paid to non-controlling interests  (\ue617)<span class=\"_ _166\"> </span>-<span class=\"_ _13c\"> </span>(\ue619<span class=\"_ _2\"></span>\ue616)<span class=\"_ _12c\"> </span>(\ue619) (\ue619) during the year(1) Included in cash \ue617ows fr<span class=\"_ _0\"></span>om \ue615nancing activities.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.9 Other comprehensive income - net of tax2021Attributed to owners of the Compan<span class=\"_ _0\"></span>yMILLION EUROExchange di\ue615erences on translation of foreign operations<span class=\"_ _2fa\"> </span>\ue61f\ue617<span class=\"_ _af\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue617<span class=\"_ _8d\"> </span>\ue616<span class=\"_ _25c\"> </span>\ue61a\ue61eE\ue615ective portion of changes in fair value of cash \ue613ow hedges, net of tax<span class=\"_ _b4\"> </span>-<span class=\"_ _8d\"> </span>\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _9a\"> </span>\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _2cc\"> </span>\ue618Net changes in fair value of cash \ue613ow hedges reclassi\ue614ed to pro\ue614t or loss, net of tax<span class=\"_ _237\"> </span>-<span class=\"_ _93\"> </span>(\ue61d)<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _93\"> </span>(\ue61d)<span class=\"_ _da\"> </span>-<span class=\"_ _23e\"> </span>(\ue61d)Net changes in fair value of cash \ue613ow hedges transferred to initial carrying amount  -<span class=\"_ _183\"> </span>(\ue61d\ue61a)<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)<span class=\"_ _af\"> </span>-<span class=\"_ _233\"> </span>(\ue61d\ue61a)of hedged items, net of taxNet change in fair value of equity investments through OCI<span class=\"_ _de\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _8d\"> </span>\ue61f<span class=\"_ _2e\"> </span>-<span class=\"_ _8d\"> </span>\ue61f<span class=\"_ _da\"> </span>-<span class=\"_ _2cc\"> </span>\ue61fRemeasurement of the net de\ue614ned bene\ue614t liability<span class=\"_ _2\"></span>, net of tax<span class=\"_ _a9\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _233\"> </span>\ue61c\ue61b<span class=\"_ _c7\"> </span>\ue61c\ue61b<span class=\"_ _da\"> </span>-<span class=\"_ _29\"> </span>\ue61c\ue61bTOT<span class=\"_ _2\"></span>AL OTHER COMPREHENSIVE INCOME, NET OF T<span class=\"_ _2\"></span>AX<span class=\"_ _2f9\"> </span>26<span class=\"_ _9b\"> </span>(9)<span class=\"_ _8d\"> </span>2<span class=\"_ _233\"> </span>89<span class=\"_ _186\"> </span>109<span class=\"_ _8d\"> </span>4<span class=\"_ _89\"> </span>1122022Attributed to owners of the Compan<span class=\"_ _0\"></span>yMILLION EUROExchange di\ue615erences on translation of foreign operations<span class=\"_ _2fb\"> </span>\ue619<span class=\"_ _af\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _ae\"> </span>\ue619<span class=\"_ _da\"> </span>-<span class=\"_ _29\"> </span>\ue619E\ue615ective portion of changes in fair value of  -<span class=\"_ _93\"> </span>(\ue618)<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _9e\"> </span>(\ue618)<span class=\"_ _af\"> </span>-<span class=\"_ _234\"> </span>(\ue618)cash \ue613ow hedges, net of taxNet changes in fair value of cash \ue613ow hedges  -<span class=\"_ _8d\"> </span>\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _9a\"> </span>\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _25c\"> </span>\ue618reclassi\ue614ed to pro\ue614t or loss, net of taxNet changes in fair value of cash \ue613ow hedges transferred to initial carrying amount of -<span class=\"_ _af\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _aa\"> </span>-hedged items, net of taxNet change in fair value of equity investments through OCI<span class=\"_ _2fc\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _93\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _9e\"> </span>(\ue61f)<span class=\"_ _af\"> </span>-<span class=\"_ _234\"> </span>(\ue61f)Remeasurement of the net de\ue614ned bene\ue614t liability<span class=\"_ _2\"></span>, net of tax<span class=\"_ _1f4\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _237\"> </span>\ue61d\ue61f\ue618<span class=\"_ _186\"> </span>\ue61d\ue61f\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _1c5\"> </span>\ue61d\ue61f\ue618TOT<span class=\"_ _2\"></span>AL OTHER COMPREHENSIVE INCOME, NET OF T<span class=\"_ _2\"></span>AX<span class=\"_ _2fc\"> </span>7<span class=\"_ _af\"> </span>-<span class=\"_ _9b\"> </span>(2)<span class=\"_ _237\"> </span>125<span class=\"_ _cc\"> </span>130<span class=\"_ _af\"> </span>-<span class=\"_ _1c5\"> </span>130\ue690\ue682.<span class=\"_ _0\"></span> LOANS <span class=\"_ _2\"></span>AND BORROWINGSMILLION EURO<span class=\"_ _2fd\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _e1\"> </span><span class=\"ffc\">2022</span>Non-current liabilities<span class=\"_ _1f2\"> </span>46<span class=\"_ _291\"> </span>41Revolving credit facility<span class=\"_ _1cb\"> </span>(\ue61d)<span class=\"_ _a9\"> </span>(\ue61d)Lease liabilities<span class=\"_ _118\"> </span>\ue616\ue619<span class=\"_ _291\"> </span>\ue616\ue61fCurrent liabilities<span class=\"_ _78\"> </span>27<span class=\"_ _291\"> </span>25Liabilities to banks<span class=\"_ _228\"> </span>\ue61a<span class=\"_ _8e\"> </span>\ue616Debentures<span class=\"_ _11f\"> </span>-<span class=\"_ _b0\"> </span>-Bank overdrafts<span class=\"_ _1d0\"> </span>-<span class=\"_ _b0\"> </span>-Lease liabilities<span class=\"_ _118\"> </span>\ue61f\ue616<span class=\"_ _291\"> </span>\ue61f\ue61eTOT<span class=\"_ _2\"></span>AL LOANS AND BORROWINGS<span class=\"_ _1fa\"> </span>72<span class=\"_ _291\"> </span>6638.<span class=\"_ _2\"></span>1 Revolving credit facilityOn March 5, 2<span class=\"_ _0\"></span>021,<span class=\"_ _0\"></span> Agfa-Gev<span class=\"_ _2\"></span>aert NV closed a three-ye<span class=\"_ _0\"></span>ar multi-curr<span class=\"_ _0\"></span>ency revolv<span class=\"_ _0\"></span>ing credit f<span class=\"_ _0\"></span>acility of 230 million Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is facility is unsecur<span class=\"_ _0\"></span>ed and prov<span class=\"_ _0\"></span>ides for<span class=\"_ _0\"></span> an extension of the term of two times one ye<span class=\"_ _2\"></span>ar.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _2\"></span> the facility has been extended w<span class=\"_ _0\"></span>ith one additional ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>, extending the maturit<span class=\"_ _0\"></span>y date until March 2<span class=\"_ _0\"></span>025. In Janu<span class=\"_ _0\"></span>ary 2023,<span class=\"_ _0\"></span> this facility h<span class=\"_ _0\"></span>ad again been extended w<span class=\"_ _0\"></span>ith one additional ye<span class=\"_ _2\"></span>ar till March 202<span class=\"_ _0\"></span>6. <span class=\"_ _2\"></span>\ue618e new revolving cr<span class=\"_ _0\"></span>edit facility<span class=\"_ _0\"></span> will be used for<span class=\"_ _2\"></span> general corporate purposes.<span class=\"_ _2\"></span> \ue618e applicable interest r<span class=\"_ _2\"></span>ate is Euribor<span class=\"_ _2\"></span>, Libor or<span class=\"_ _0\"></span> its equivalent r<span class=\"_ _0\"></span>eplacement benchmark (R<span class=\"_ _0\"></span>euters) and a margin. In g<span class=\"_ _0\"></span>eneral,<span class=\"_ _0\"></span> dra<span class=\"_ _0\"></span>wdo<span class=\"_ _0\"></span>wns under this f<span class=\"_ _0\"></span>acility are m<span class=\"_ _0\"></span>ade for<span class=\"_ _0\"></span> short periods, but the Group has the discr<span class=\"_ _0\"></span>etion to rollov<span class=\"_ _0\"></span>er the liability under<span class=\"_ _2\"></span> the existing committed loan facilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. \ue618e conditions of the revolvin<span class=\"_ _0\"></span>g credit facilit<span class=\"_ _0\"></span>y stipulate tha<span class=\"_ _0\"></span>t in case of a signi\ue615cant disposal of part of the Group,<span class=\"_ _0\"></span> an event of default could occur<span class=\"_ _2\"></span>. Pr<span class=\"_ _0\"></span>o-actively <span class=\"_ _0\"></span>, the Group h<span class=\"_ _0\"></span>as obtained a w<span class=\"_ _0\"></span>aiver<span class=\"_ _0\"></span> for the potential ev<span class=\"_ _0\"></span>ent of default re<span class=\"_ _0\"></span>lated to the disposal of the O\ue614set business.  At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> there w<span class=\"_ _0\"></span>ere no dra<span class=\"_ _0\"></span>wdo<span class=\"_ _0\"></span>wns under this f<span class=\"_ _0\"></span>acility<span class=\"_ _2\"></span>. MILLION EURO<span class=\"_ _26e\"> </span>Notional amount<span class=\"_ _2fe\"> </span>Outstanding amount<span class=\"_ _233\"> </span>Currency<span class=\"_ _2fe\"> </span>Interest rateMaturity date<span class=\"_ _2fb\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _29\"> </span><span class=\"ffc\">2022<span class=\"_ _29\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _29\"> </span><span class=\"ffc\">2022<span class=\"_ _2ff\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2f\"> </span><span class=\"ffc\">2022</span>\ue61f\ue61e\ue61f\ue618<span class=\"_ _300\"> </span>\ue61f\ue61a\ue61e<span class=\"_ _2cc\"> </span>\ue61f\ue61a\ue61e<span class=\"_ _f2\"> </span>-<span class=\"_ _236\"> </span>-<span class=\"_ _2f\"> </span>EUR<span class=\"_ _236\"> </span>-<span class=\"_ _203\"> </span>-TOT<span class=\"_ _0\"></span>AL<span class=\"_ _298\"> </span><span class=\"ls1 ws1\">230<span class=\"_ _2cc\"> </span>230<span class=\"_ _236\"> </span>-<span class=\"_ _f2\"> </span>-</span>38.2 Lease liabilities\ue618e group mainly le<span class=\"_ _0\"></span>ases buildings (such as o\ue616ce buildings and <span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ehouses),<span class=\"_ _0\"></span> company cars,<span class=\"_ _2\"></span> other transportation equip<span class=\"ws1\">-</span>ment (such as forklifts<span class=\"_ _0\"></span>), and other<span class=\"_ _0\"></span> equipment (such as IT<span class=\"_ _2\"></span> equipment).Building leases include both annually<span class=\"_ _0\"></span> renew<span class=\"_ _0\"></span>able contra<span class=\"_ _0\"></span>cts with options to renew the le<span class=\"_ _2\"></span>ase, as w<span class=\"_ _0\"></span>ell as leases w<span class=\"_ _0\"></span>ith longer<span class=\"_ _0\"></span> \ue615xed le<span class=\"_ _0\"></span>ase terms. <span class=\"_ _2\"></span>\ue618e lease liability rel<span class=\"_ _0\"></span>ating to building leases amounts to 45 million E<span class=\"_ _0\"></span>uro or<span class=\"_ _0\"></span> approxima<span class=\"_ _0\"></span>tely 72% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s lease liability<span class=\"_ _1\"></span>, and has an aver<span class=\"_ _0\"></span>age estimate<span class=\"_ _0\"></span>d remaining le<span class=\"_ _0\"></span>ase term of three ye<span class=\"_ _0\"></span>ars.Compan<span class=\"_ _0\"></span>y car le<span class=\"_ _0\"></span>ases typically run f<span class=\"_ _0\"></span>or a period of four<span class=\"_ _2\"></span> to \ue615ve years and repr<span class=\"_ _0\"></span>esent approxima<span class=\"_ _0\"></span>tely 26% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s lease lia<span class=\"ws1\">-</span>bility<span class=\"_ _2\"></span>. Other<span class=\"_ _0\"></span> leases r<span class=\"_ _0\"></span>epresent less than 2% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s lease li<span class=\"_ _0\"></span>ability and include forklifts,<span class=\"_ _0\"></span> printers, pa<span class=\"_ _0\"></span>ckaging sys<span class=\"_ _0\"></span>tems, etc.Lease liabilities ar<span class=\"_ _0\"></span>e pay<span class=\"_ _2\"></span>able as follows:MILLION EURO<span class=\"_ _2b3\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _1a8\"> </span><span class=\"ffc\">2022</span>Maturing\ue610<span class=\"_ _301\"> </span>Outstanding amount<span class=\"_ _8f\"> </span>Incremental borrowing rate<span class=\"_ _8f\"> </span><span class=\"ffc\">Outstanding amount<span class=\"_ _a5\"> </span>Incremental b<span class=\"_ _22\"></span>orrowing rate</span>&lt; \ue61d year<span class=\"_ _302\"> </span>\ue61f\ue616<span class=\"_ _1df\"> </span>\ue61f.\ue618%<span class=\"_ _2f0\"> </span>\ue61f\ue61e<span class=\"_ _1df\"> </span>\ue61f.\ue616%Between \ue61d-\ue618 years<span class=\"_ _4a\"> </span>\ue616\ue61a<span class=\"_ _1df\"> </span>\ue61f.\ue618%<span class=\"_ _db\"> </span>\ue61a\ue618<span class=\"_ _1df\"> </span>\ue61a.\ue61f%&gt; \ue618 years<span class=\"_ _303\"> </span>\ue61a<span class=\"_ _1df\"> </span>\ue618.\ue61c%<span class=\"_ _ef\"> </span>\ue617<span class=\"_ _1df\"> </span>\ue618.\ue61a%TOT<span class=\"_ _0\"></span>AL\ue614<span class=\"_ _304\"> </span><span class=\"ls1 ws1\">71<span class=\"_ _305\"> </span>62</span>Lease liabilities do not comprise costs f<span class=\"_ _0\"></span>or low<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue leases, short-term le<span class=\"_ _2\"></span>ases and other out of scope costs, amounting to 11 million Euro in total (20<span class=\"_ _2\"></span>21: 9 million Euro).38.3 Liabilities to banksLiabilities to bank<span class=\"_ _0\"></span>s comprise at December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, short-term facilities in LA<span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>AM and ASP<span class=\"_ _2\"></span>AC countries w<span class=\"_ _0\"></span>ith a weighted aver<span class=\"_ _2\"></span>age interest rate of 6<span class=\"_ _0\"></span>.36% (2021: 1<span class=\"_ _0\"></span>6.6%).38.4 Reconciliation of liabilities arising from \ue61fnancing activities\ue618e table below details ch<span class=\"_ _0\"></span>anges in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s liabilities arisin<span class=\"_ _0\"></span>g from \ue615nancing activ<span class=\"_ _0\"></span>ities, including both cash and non-cash changes.<span class=\"_ _0\"></span> Liabilities arising from \ue615n<span class=\"_ _0\"></span>ancing activities ar<span class=\"_ _0\"></span>e those for w<span class=\"_ _0\"></span>hich cash \ue617ows wer<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or future cash \ue617ows <span class=\"_ _0\"></span>will be<span class=\"_ _0\"></span>, classi\ue615ed in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s consolidated s<span class=\"_ _0\"></span>tatement of cash \ue617ows as cash \ue617ow<span class=\"_ _0\"></span>s from \ue615nancing activ<span class=\"_ _0\"></span>ities.Cash \ue613ows from  Non-cash\ue610changes\ue614nancing activitiesMILLION EURORevolving credit facility<span class=\"_ _2cd\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _91\"> </span>(\ue61d)Liabilities to banks<span class=\"_ _249\"> </span>\ue61a<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _1f3\"> </span>\ue61d<span class=\"_ _89\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61a<span class=\"_ _237\"> </span>-<span class=\"_ _234\"> </span>\ue616Debentures<span class=\"_ _306\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _237\"> </span>-<span class=\"_ _ac\"> </span>-\ue610(\ue61d)Lease liabilities<span class=\"_ _307\"> </span>\ue619\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _2e0\"> </span>(\ue61a\ue61e)\ue61d\ue616<span class=\"_ _2e\"> </span>-<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _234\"> </span>\ue61f<span class=\"_ _a0\"> </span>\ue61c<span class=\"_ _184\"> </span>\ue617\ue61fBank overdrafts\ue610<span class=\"_ _28b\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _91\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _237\"> </span>-<span class=\"_ _ac\"> </span>-T<span class=\"_ _2\"></span>otal Loans and borrowings<span class=\"_ _1f6\"> </span>72<span class=\"_ _9f\"> </span>(3)<span class=\"_ _2e0\"> </span>(29)<span class=\"_ _96\"> </span>14<span class=\"_ _2e\"> </span>-<span class=\"_ _8f\"> </span>(3)<span class=\"_ _232\"> </span>5<span class=\"_ _57\"> </span>8<span class=\"_ _184\"> </span>66(1) Comprises interests p<span class=\"_ _0\"></span>aid (2 million Euro).(2) Interests paid in cash \ue617ow<span class=\"_ _0\"></span> statement comprises interests paid on net \ue615n<span class=\"_ _0\"></span>ancial debt (3 million Euro), inter<span class=\"_ _0\"></span>ests paid on cash and cash equiv<span class=\"_ _0\"></span>alents (1 million Euro),<span class=\"_ _0\"></span> and on other \ue615nancial as<span class=\"_ _0\"></span>sets and liabilities (1 million Euro).\ue690\ue683<span class=\"_ _0\"></span>. PROVISIONSAs of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>isions amounted to 50 million Eur<span class=\"_ _0\"></span>o (2021: 54 million E<span class=\"_ _0\"></span>uro).MILLION EURO<span class=\"_ _265\"> </span>Environmental<span class=\"_ _296\"> </span>T<span class=\"_ _2\"></span>rade-related<span class=\"_ _a3\"> </span>Restructuring<span class=\"_ _26d\"> </span>Other<span class=\"_ _2f\"> </span><span class=\"ffc ls4 ws5\">TOTAL</span>Provisions at December 31, 2021<span class=\"_ _308\"> </span>3<span class=\"_ _41\"> </span>10<span class=\"_ _41\"> </span>33<span class=\"_ _39\"> </span>8<span class=\"_ _41\"> </span>54Provisions made during the year<span class=\"_ _264\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _41\"> </span>\ue61f\ue617<span class=\"_ _39\"> </span>\ue61d<span class=\"_ _41\"> </span>\ue61f\ue619Provisions used during the year<span class=\"_ _300\"> </span>(\ue61d)<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _38\"> </span>(\ue61f\ue616)<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _38\"> </span>(\ue61f\ue619)Business combinations divestment<span class=\"_ _2cb\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)Provisions reversed during the year<span class=\"_ _309\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _3b\"> </span>(\ue61a)<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue616)Exchange di\ue615erences<span class=\"_ _30a\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-T<span class=\"_ _2\"></span>ransfers<span class=\"_ _2c4\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-Provisions at December 31, 2022<span class=\"_ _308\"> </span>2<span class=\"_ _39\"> </span>9<span class=\"_ _41\"> </span>31<span class=\"_ _39\"> </span>8<span class=\"_ _41\"> </span>50Prov<span class=\"_ _0\"></span>isions for en<span class=\"_ _2\"></span>vironmental protection rela<span class=\"_ _0\"></span>te to future re-landscapin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> land\ue615ll modernization and the remedia<span class=\"_ _0\"></span>tion of land contaminated b<span class=\"_ _0\"></span>y past industrial oper<span class=\"_ _2\"></span>ations.Prov<span class=\"_ _0\"></span>isions for tr<span class=\"_ _2\"></span>ade-related commitments at closing d<span class=\"_ _0\"></span>ate and relate<span class=\"_ _0\"></span>d \ue617ows during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> primarily comprise commis<span class=\"ws1\">-</span>sions to agents, <span class=\"_ _0\"></span>warr<span class=\"_ _2\"></span>anty provisions and commerci<span class=\"_ _0\"></span>al litigations.Prov<span class=\"_ _0\"></span>isions for r<span class=\"_ _0\"></span>estructuring mainly<span class=\"_ _0\"></span> comprise employee re<span class=\"_ _0\"></span>lated costs reg<span class=\"_ _0\"></span>arding the announced r<span class=\"_ _0\"></span>eorganization and tr<span class=\"_ _0\"></span>ans<span class=\"ws1\">-</span>formation projects.Additions for this <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> mainly comprise costs linked to speci\ue615c cost sav<span class=\"_ _0\"></span>ing measur<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> Radiology and DPC, Finance as w<span class=\"_ _0\"></span>ell as costs for<span class=\"_ _0\"></span> a voluntary lea<span class=\"_ _0\"></span>ve plan for<span class=\"_ _0\"></span> people aged abo<span class=\"_ _0\"></span>ve 60 in Belgium and individu<span class=\"_ _0\"></span>al e\ue616ciency restructuring initi<span class=\"_ _0\"></span>atives.Other pr<span class=\"_ _0\"></span>ovisions comprise a pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> dismantling of the O\ue614set production site in German<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, legal cl<span class=\"_ _0\"></span>aims (including lawyer<span class=\"_ _2\"></span> fees) and a legal claim regar<span class=\"_ _0\"></span>ding import duties.\ue69d\ue61c.<span class=\"_ _0\"></span> OTHER P<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _2\"></span>ABLES\ue618e other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, amounting to 6 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 9 million Euro) comprise a li<span class=\"_ _0\"></span>ability manda<span class=\"ws1\">-</span>torily measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t or loss (20<span class=\"_ _2\"></span>22: 2 million Euro,<span class=\"_ _0\"></span> 2021: 2 million E<span class=\"_ _0\"></span>uro) r<span class=\"_ _0\"></span>elated to a deposit of 3.4 ton silver<span class=\"_ _0\"></span> placed by a metal r<span class=\"_ _0\"></span>ecovery and r<span class=\"_ _0\"></span>e\ue615ning company<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>d at the quoted mark<span class=\"_ _0\"></span>et price interests, sh<span class=\"_ _0\"></span>are-based p<span class=\"_ _0\"></span>ayment transactions (<span class=\"_ _0\"></span>see Note 15),<span class=\"_ _0\"></span> tanti\u00e8mes, accru<span class=\"_ _0\"></span>als for insur<span class=\"_ _2\"></span>ances, \ue615nance leases,<span class=\"_ _0\"></span> liabilities against sta\ue614 res<span class=\"_ _0\"></span>ulting from compen<span class=\"ws1\">-</span>sation of tra<span class=\"_ _0\"></span>vel and other<span class=\"_ _0\"></span> personal rela<span class=\"_ _0\"></span>ted expenses and other<span class=\"_ _0\"></span> various amounts p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>.\ue69d\ue67f.<span class=\"_ _0\"></span> OTHER LIABILITIES\ue618e other lia<span class=\"_ _0\"></span>bilities current and non-current at December<span class=\"_ _2\"></span> 31, 2022,<span class=\"_ _0\"></span> amounting in aggregate to 1 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: less than 0.5 million E<span class=\"_ _0\"></span>uro)  comprise the une<span class=\"_ _0\"></span>arned portion of gov<span class=\"_ _0\"></span>ernment grants and subsidies and other<span class=\"_ _2\"></span> current liabilities.LIST OF SUBSIDIARIES\ue69d\ue61d.<span class=\"_ _d1\"> </span>INVESTMENTS IN SUBSIDIARIES\ue618e ultimate par<span class=\"_ _0\"></span>ent of the Group is Agfa-Gev<span class=\"_ _2\"></span>aert NV (BE 0404 0<span class=\"_ _2\"></span>21 727),<span class=\"_ _0\"></span> Mortsel (Belgium).<span class=\"_ _0\"></span> \ue618e C<span class=\"_ _0\"></span>ompany<span class=\"_ _0\"></span> is the parent company<span class=\"_ _0\"></span> for the follo<span class=\"_ _0\"></span>wing signi\ue615cant subsidi<span class=\"_ _0\"></span>aries.Consolidated companies, December 31, 2022Name of the company<span class=\"_ _128\"> </span>Location<span class=\"_ _1a7\"> </span>E\ue615ective interest %Agfa (Pty<span class=\"_ _2\"></span>.) Ltd.<span class=\"_ _30b\"> </span>Isando/Rep. of South <span class=\"_ _2\"></span>Africa<span class=\"_ _2f4\"> </span>\ue618\ue61dAgfa (W<span class=\"_ _0\"></span>uxi) Imaging Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _30c\"> </span>W<span class=\"_ _0\"></span>uxi/PR China<span class=\"_ _1d8\"> </span>\ue61b\ue61b.\ue61d\ue617Agfa (W<span class=\"_ _0\"></span>uxi) Printing Plate Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _1f5\"> </span>Wuxi/PR China<span class=\"_ _2e5\"> </span>\ue618\ue61dAgfa ASEAN Sdn. Bhd.<span class=\"_ _3d\"> </span>Kuala Lumpur/Malaysia<span class=\"_ _306\"> </span>\ue618\ue61dAgfa Corporation<span class=\"_ _2e4\"> </span>Elmwood P<span class=\"_ _0\"></span>ark/United States of America<span class=\"_ _1e7\"> </span>\ue61d\ue61e\ue61eAgfa de Mexico S.A. de C.V<span class=\"_ _1\"></span>.\ue610<span class=\"_ _298\"> </span>Mexico D.F<span class=\"_ _1\"></span>./Mexico\ue610<span class=\"_ _30a\"> </span>\ue61d\ue61e\ue61eAgfa Finance Corp<span class=\"_ _2\"></span>.<span class=\"_ _26a\"> </span>Wilmington/United States of America<span class=\"_ _2b1\"> </span>\ue61d\ue61e\ue61eAgfa Finance Inc.<span class=\"_ _2e4\"> </span>T<span class=\"_ _1\"></span>oronto/Canada<span class=\"_ _30d\"> </span>\ue61d\ue61e\ue61eAgfa Finance Italy SpA<span class=\"_ _239\"> </span>Milan/Italy<span class=\"_ _152\"> </span>\ue61d\ue61e\ue61eAgfa Finance NV\ue610<span class=\"_ _2d3\"> </span>Mortsel/Belgium<span class=\"_ _47\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Argentina S.A.<span class=\"_ _2cd\"> </span><span class=\"wsb5\">Buenos Aires/Argentina<span class=\"_ _262\"> </span></span>\ue61d\ue61e\ue61eAgfa Graphics Asia Ltd.<span class=\"_ _30e\"> </span>Hong Kong/PR China<span class=\"_ _30f\"> </span>\ue618\ue61dAgfa Graphics Ecuador CIA. L<span class=\"_ _2\"></span>TDA<span class=\"_ _1e3\"> </span>Quito/Ecuador<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Ltd.<span class=\"_ _311\"> </span>Leeds/United Kingdom<span class=\"_ _312\"> </span>\ue61d\ue61e\ue61eAgfa Middle East FZCO<span class=\"_ _2b7\"> </span><span class=\"wsb5\">Dubai/United Arab Emirates<span class=\"_ _235\"> </span></span>\ue61d\ue61e\ue61eAgfa NV\ue610<span class=\"_ _313\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa Graphics S.r<span class=\"_ _2\"></span>.l.<span class=\"_ _48\"> </span>Milano/Italy<span class=\"_ _314\"> </span>\ue61d\ue61e\ue61eAgfa S.A. (Arg)<span class=\"_ _25d\"> </span><span class=\"wsb5\">Buenos Aires/Argentina<span class=\"_ _3c\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare Australia Pty<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _40\"> </span>Scoresby/Australia<span class=\"_ _305\"> </span>\ue61d\ue61e\ue61eAgfa Do Brasil Ltda.<span class=\"_ _315\"> </span>Sao Paulo/Brazil<span class=\"_ _161\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Chile Ltda.<span class=\"_ _298\"> </span>Santiago de Chile/Chile<span class=\"_ _3c\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare C<span class=\"_ _0\"></span>olombia Ltda.<span class=\"_ _14f\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare C<span class=\"_ _0\"></span>orporation<span class=\"_ _316\"> </span>Greenville/United States of America<span class=\"_ _317\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Denmark A/S<span class=\"_ _a4\"> </span>Copenhagen/Denmark<span class=\"_ _2e1\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Germany GmbH<span class=\"_ _3f\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Hong Kong Ltd.<span class=\"_ _dc\"> </span>Hong Kong/PR China<span class=\"_ _3a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Inc.<span class=\"_ _242\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare India Private Ltd.<span class=\"_ _1f5\"> </span>Thane/India<span class=\"_ _314\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Luxembourg S.A.<span class=\"_ _1f5\"> </span>Bertrange/Luxembourg<span class=\"_ _312\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Malaysia Sdn. Bhd.<span class=\"_ _be\"> </span>Kuala Lumpur/Malaysia<span class=\"_ _262\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Mexico S.A. de C.V<span class=\"_ _1\"></span>.<span class=\"_ _319\"> </span>Mexico D.F<span class=\"_ _1\"></span>./Mexico\ue610<span class=\"_ _30a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Norway AS<span class=\"_ _23d\"> </span>Oslo/Norway<span class=\"_ _140\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare NV\ue610<span class=\"_ _31a\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Saudi Arabia C<span class=\"_ _2\"></span>ompany Limited LLC<span class=\"_ _23f\"> </span><span class=\"wsb5\">Riyadh/Saudi Arabia<span class=\"_ _30f\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare (Shanghai) C<span class=\"_ _0\"></span>o. Ltd.\ue610<span class=\"_ _b0\"> </span>Shanghai/PR China<span class=\"_ _31b\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Singapore Pte. Ltd.<span class=\"_ _be\"> </span>Singapore/Republic of Singapore<span class=\"_ _300\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare South Africa Pty<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _de\"> </span>Gauteng/Rep. of South <span class=\"_ _2\"></span>Africa<span class=\"_ _239\"> </span>\ue610\ue61d\ue61e\ue61eAgfa HealthCare Spain S.A.U.\ue610<span class=\"_ _2b1\"> </span>Barcelona/Spain<span class=\"_ _2a9\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Sweden <span class=\"_ _0\"></span>AB\ue610<span class=\"_ _209\"> </span>Kista/Sweden<span class=\"_ _2a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare UK Limited<span class=\"_ _1b7\"> </span>Brentford/United Kingdom<span class=\"_ _31c\"> </span>\ue61d\ue61e\ue61eAgfa Imaging (Shenzhen) Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _1e3\"> </span>Shenzhen/PR China<span class=\"_ _2be\"> </span>\ue618\ue61dAgfa Inc.<span class=\"_ _313\"> </span>Mississauga/Canada<span class=\"_ _43\"> </span>\ue61d\ue61e\ue61eAgfa Industries Korea Ltd.<span class=\"_ _145\"> </span>Seoul/K<span class=\"_ _0\"></span>orea<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa Ltd.<span class=\"_ _2a9\"> </span>Dublin/Ireland<span class=\"_ _31e\"> </span>\ue61d\ue61e\ue61eAgfa Materials Corporation<span class=\"_ _37\"> </span>Wilmington/United States of America<span class=\"_ _2b1\"> </span>\ue61d\ue61e\ue61eAgfa Materials Japan Ltd.<span class=\"_ _14d\"> </span>T<span class=\"_ _2\"></span>okyo/Japan<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa Materials T<span class=\"_ _1\"></span>aiwan Co<span class=\"_ _0\"></span>. Ltd.<span class=\"_ _2b1\"> </span>T<span class=\"_ _2\"></span>aipei/T<span class=\"_ _1\"></span>aiwan<span class=\"_ _2f6\"> </span>\ue61d\ue61e\ue61eAgfa Singapore Pte. Ltd.<span class=\"_ _264\"> </span>Singapore/R<span class=\"_ _0\"></span>epublic of Singapore<span class=\"_ _31f\"> </span>\ue618\ue61dAgfa Solutions SAS<span class=\"_ _48\"> </span>Rueil-Malmaison/F<span class=\"_ _0\"></span>rance<span class=\"_ _2e4\"> </span>\ue61d\ue61e\ue61eAgfa Sp. z.<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span>o.<span class=\"_ _320\"> </span>W<span class=\"_ _2\"></span>arsaw/Poland<span class=\"_ _4b\"> </span>\ue61d\ue61e\ue61eAgfa T<span class=\"_ _1\"></span>aiwan Co<span class=\"_ _0\"></span>. Ltd.<span class=\"_ _28f\"> </span>T<span class=\"_ _2\"></span>aipei/T<span class=\"_ _2\"></span>aiwan<span class=\"_ _321\"> </span>\ue618\ue61dAgfa-Gevaert M.A.E.B.E.<span class=\"_ _289\"> </span>Athens/Greece<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eAgfa GmbH<span class=\"_ _31b\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Argentina S.A.<span class=\"_ _322\"> </span>Buenos Aires/Argentina<span class=\"_ _262\"> </span><span class=\"ws1\">\ue61d\ue61e\ue61e</span>Agfa-Gevaert B.V<span class=\"_ _1\"></span>.<span class=\"_ _2d3\"> </span>Rijswijk/the Netherlands<span class=\"_ _2e4\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Colombia Ltda.<span class=\"_ _2cd\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert do Brasil Ltda.<span class=\"_ _323\"> </span>Sao Paulo/Brazil<span class=\"_ _161\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Graphic Systems GmbH<span class=\"_ _2fa\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert HealthCare GmbH<span class=\"_ _14f\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Japan, Ltd.<span class=\"_ _31f\"> </span>T<span class=\"_ _2\"></span>okyo/Japan<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Limited<span class=\"_ _35\"> </span>Scoresby/Australia<span class=\"_ _305\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Limited\ue610<span class=\"_ _1d9\"> </span>Brentford/United Kingdom<span class=\"_ _31c\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Ltda.<span class=\"_ _311\"> </span>Santiago De Chile/Chile<span class=\"_ _324\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert GmbH<span class=\"_ _28e\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert NZ Ltd.<span class=\"_ _35\"> </span>Auckland/New Zealand<span class=\"_ _34\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert S.A.S.<span class=\"_ _31c\"> </span>Pont-\u00e0-Marcq/F<span class=\"_ _2\"></span>rance<span class=\"_ _325\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert S.p.A.<span class=\"_ _31c\"> </span>Milan/Italy<span class=\"_ _25a\"> </span>\ue61d\ue61e\ue61eLastra Attrezzature S.r<span class=\"_ _2\"></span>.l.<span class=\"_ _288\"> </span><span class=\"ws1\">Manerbio/Italy<span class=\"_ _1d8\"> </span>\ue617\ue61e</span>Litho Supplies (UK) Ltd.<span class=\"_ _289\"> </span>Derby/United Kingdom<span class=\"_ _34\"> </span>\ue61d\ue61e\ue61eLuithagen NV\ue610<span class=\"_ _2d6\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eNew ProImage America Inc.<span class=\"_ _23d\"> </span>Princeton/United States of America<span class=\"_ _323\"> </span>\ue61d\ue61e\ue61eNew ProImage Ltd.<span class=\"_ _326\"> </span>Netanya/Israel<span class=\"_ _31e\"> </span>\ue61d\ue61e\ue61eOOO Agfa Graphics\ue610<span class=\"_ _307\"> </span><span class=\"ws1\">Moscow/Russian F<span class=\"_ _2\"></span>ederation<span class=\"_ _28b\"> </span>\ue618\ue61d</span>OOO Agfa\ue610<span class=\"_ _205\"> </span><span class=\"ws1\">Moscow/Russian F<span class=\"_ _2\"></span>ederation<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61e</span>Agfa HealthCare Kazakhstan LLP<span class=\"_ _1f6\"> </span>Almaty/Republic of Kazakhstan<span class=\"_ _2b3\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Ukraine LLC<span class=\"_ _2d9\"> </span>K<span class=\"_ _2\"></span>yiv/Ukraine<span class=\"_ _321\"> </span>\ue61d\ue61e\ue61ePT Gevaert-Agfa HealthCare Indonesia<span class=\"_ _291\"> </span>Jakarta/Indonesia<span class=\"_ _211\"> </span>\ue61d\ue61e\ue61eBodoni Systems\ue610<span class=\"_ _327\"> </span>W<span class=\"_ _2\"></span>atford/United Kingdom<span class=\"_ _2c\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Middle East FZ-LLC<span class=\"_ _1de\"> </span><span class=\"wsb5\">Dubai/United Arab Emirates<span class=\"_ _235\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare IT UK Limited<span class=\"_ _2dd\"> </span>Middlesex/United Kingdom<span class=\"_ _328\"> </span>\ue61d\ue61e\ue61eAgfa South Africa (Pty) Ltd.<span class=\"_ _2f5\"> </span>Gauteng/Rep. of South <span class=\"_ _0\"></span>Africa<span class=\"_ _1d9\"> </span>\ue61d\ue61e\ue61eAgfa Australia Pty Ltd.<span class=\"_ _128\"> </span>Scoresby/Australia<span class=\"_ _329\"> </span>\ue61d\ue61e\ue61eAgfa Canada Inc.<span class=\"_ _1a7\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa US Corp<span class=\"_ _2\"></span>.<span class=\"_ _3a\"> </span>Greenville/United States of America<span class=\"_ _317\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Shanghai Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _14f\"> </span>Shanghai/PR China<span class=\"_ _32a\"> </span>\ue618\ue61dAgfa HealthCare IT (Shanghai) C<span class=\"_ _0\"></span>o. Ltd.<span class=\"_ _2f9\"> </span>Shanghai/PR China<span class=\"_ _31b\"> </span>\ue61d\ue61e\ue61eAgfa Hong Kong Ltd.\ue610<span class=\"_ _32b\"> </span>Hong Kong/PR China<span class=\"_ _2bc\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare <span class=\"_ _0\"></span>Vietnam Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _3f\"> </span>Ho Chi Minh City/Vietnam<span class=\"_ _326\"> </span>\ue61d\ue61e\ue61eAgfa HuaGuang (Shanghai) Graphics Equipment Ltd.<span class=\"_ _32c\"> </span>Shanghai/PR China<span class=\"_ _32a\"> </span>\ue61f\ue617.\ue61e\ue61dAgfa Materials Korea C<span class=\"_ _0\"></span>o Ltd.<span class=\"_ _317\"> </span>Seoul/Korea<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa R\u00e9 S.A.<span class=\"_ _32d\"> </span>Luxembourg/Luxembourg<span class=\"_ _311\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Colombia S.A.S.<span class=\"_ _323\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set BV<span class=\"_ _32e\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set US Corp<span class=\"_ _2\"></span>.<span class=\"_ _242\"> </span>Delaware/United States of America<span class=\"_ _2a7\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Canada Inc.<span class=\"_ _2b3\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Single Member S.A.<span class=\"_ _20a\"> </span>Athens/Greece<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eInca Digital Printers<span class=\"_ _191\"> </span>Cambridge/United Kingdom<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61eAgfa IJC<span class=\"_ _4b\"> </span>Cambridge/United Kingdom<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61eAgfa Alterssicherungs-AG<span class=\"_ _300\"> </span><span class=\"ws1\">D\u00fcsseldorf/Germany<span class=\"_ _325\"> </span>\ue61d\ue61e\ue61e</span>\ue69d\ue690.<span class=\"_ _0\"></span> EQUITY <span class=\"_ _0\"></span>ACCOUNTED INVESTEES Associated companies, December 31, 2022Name of the company<span class=\"_ _17a\"> </span>Location<span class=\"_ _1da\"> </span>E\ue615ective interest %Penny Black B<span class=\"_ _2\"></span>V<span class=\"_ _139\"> </span>Antwerp/Belgium<span class=\"_ _ef\"> </span>\ue616\ue61b.\ue61c\ue61eOTHER INFORMA<span class=\"_ _1\"></span>TION\ue69d\ue69d. OPERA<span class=\"_ _2\"></span>TING LEASESWithin the segment He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _1\"></span>, the Group o\ue614ers Softw<span class=\"_ _2\"></span>are as a Service (\u2018SaaS\u2019) w<span class=\"_ _0\"></span>hich are o\ue614site<span class=\"_ _0\"></span>, onsite or<span class=\"_ _0\"></span> hybrid mo<span class=\"ws1\">-</span>dels under <span class=\"_ _0\"></span>which softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, har<span class=\"_ _2\"></span>dware and services are o\ue614er<span class=\"_ _0\"></span>ed to the customer<span class=\"_ _0\"></span> on a pay<span class=\"_ _0\"></span>-per-use b<span class=\"_ _0\"></span>asis or a monthly<span class=\"_ _2\"></span>/<span class=\"_ _2\"></span>annual fee basis.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup guar<span class=\"_ _0\"></span>antees the management of the s<span class=\"_ _0\"></span>ystem over<span class=\"_ _2\"></span> the contract period, and pr<span class=\"_ _0\"></span>ovides daily technical operations,<span class=\"_ _2\"></span> maintenance and support to the customer<span class=\"_ _2\"></span>. \ue618ese contr<span class=\"_ _2\"></span>acts can comprise an operating lease component.<span class=\"_ _2\"></span> \ue618e lease income re<span class=\"_ _0\"></span>lated to this contr<span class=\"_ _0\"></span>acts amounts to 14 million Euro durin<span class=\"_ _0\"></span>g 2022 (20<span class=\"_ _2\"></span>21: 12 million Euro) and w<span class=\"_ _0\"></span>as recognized in revenue b<span class=\"_ _0\"></span>ased upon use/<span class=\"_ _2\"></span>consumption by the client.\ue618e Group moreo<span class=\"_ _0\"></span>ver o\ue614<span class=\"_ _0\"></span>ers \u2018bundle de<span class=\"_ _0\"></span>als\u2019<span class=\"_ _2\"></span> whereby equipment usage is \ue615n<span class=\"_ _0\"></span>anced by an uplift on consum<span class=\"_ _0\"></span>ables purchased b<span class=\"_ _0\"></span>y the customer<span class=\"_ _2\"></span>. An oper<span class=\"_ _0\"></span>ating lease component can be embe<span class=\"_ _0\"></span>dded in these type of contra<span class=\"_ _0\"></span>cts. <span class=\"_ _2\"></span>\ue618e operating lease component is recognized in r<span class=\"_ _0\"></span>evenue based on the cons<span class=\"_ _0\"></span>umables purchase<span class=\"_ _2\"></span>.\ue618e total of assets in operatin<span class=\"_ _0\"></span>g lease contr<span class=\"_ _0\"></span>acts recognize<span class=\"_ _0\"></span>d in the statement of \ue615nancial position at December<span class=\"_ _2\"></span> 31, 2022 amounts to 4 million Euro (December<span class=\"_ _2\"></span> 31, 2021: 6 million Eur<span class=\"_ _0\"></span>o) (see Note 28).\ue69d\ue6a0.<span class=\"_ _0\"></span> COMMITMENTS <span class=\"_ _0\"></span>AND CONTINGENCIES45.<span class=\"_ _2\"></span>1 ContingenciesContingencies r<span class=\"_ _0\"></span>esulted entirely fr<span class=\"_ _0\"></span>om commitments given to thir<span class=\"_ _0\"></span>d parties and comprise:MILLION EURO<span class=\"_ _13e\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _3d\"> </span><span class=\"ffc\">2022</span>Bank guarantees<span class=\"_ _32f\"> </span>\ue61a\ue61f<span class=\"_ _28e\"> </span>\ue61a\ue617Other<span class=\"_ _107\"> </span>-<span class=\"_ _330\"> </span>-Corporate guarantees<span class=\"_ _331\"> </span>\ue61d\ue61c\ue61c<span class=\"_ _32b\"> </span>\ue61d\ue61c\ue616TOT<span class=\"_ _0\"></span>AL<span class=\"_ _254\"> </span><span class=\"ls1 ws1\">220<span class=\"_ _32b\"> </span>220</span>Corpora<span class=\"_ _0\"></span>te guarantees m<span class=\"_ _0\"></span>ainly rela<span class=\"_ _0\"></span>te to guarantees giv<span class=\"_ _0\"></span>en by the par<span class=\"_ _0\"></span>ent compan<span class=\"_ _0\"></span>y on behalf of its subsidiaries tow<span class=\"_ _2\"></span>ards banks and mainly rel<span class=\"_ _0\"></span>ate to the revolv<span class=\"_ _0\"></span>ing credit f<span class=\"_ _0\"></span>acility (see Note 38.1<span class=\"_ _0\"></span>) and other neg<span class=\"_ _0\"></span>otiated cre<span class=\"_ _0\"></span>dit lines.\ue618ere are no pur<span class=\"_ _0\"></span>chase commitments in connection with major<span class=\"_ _2\"></span> capital expenditure projects for<span class=\"_ _0\"></span> which the respectiv<span class=\"_ _0\"></span>e con<span class=\"ws1\">-</span>tracts h<span class=\"_ _0\"></span>ave alre<span class=\"_ _2\"></span>ady been awar<span class=\"_ _0\"></span>ded or or<span class=\"_ _2\"></span>ders placed.45.2 Legal risks/contingencies\ue618e Group is currently not in<span class=\"_ _2\"></span>volved in any ma<span class=\"_ _0\"></span>jor litigation ap<span class=\"_ _0\"></span>art from those rel<span class=\"_ _0\"></span>ated to the Agf<span class=\"_ _0\"></span>aPhoto insolvency<span class=\"_ _2\"></span>.AgfaPhotoIn connection with the dives<span class=\"_ _0\"></span>tment of the Consumer Imagin<span class=\"_ _0\"></span>g business of Agfa-Gev<span class=\"_ _2\"></span>aert AG and certain of its subsidiaries,<span class=\"_ _0\"></span> the Group entered into <span class=\"_ _0\"></span>various contr<span class=\"_ _2\"></span>actual relationships with <span class=\"_ _0\"></span>AgfaPhoto Holding GmbH,<span class=\"_ _0\"></span> Agf<span class=\"_ _0\"></span>aPhoto GmbH and their subsidiaries in v<span class=\"_ _2\"></span>arious countries (the \u2018<span class=\"_ _2\"></span>Agf<span class=\"_ _0\"></span>aPhoto group<span class=\"_ _2\"></span>\u2019), prov<span class=\"_ _0\"></span>iding for<span class=\"_ _0\"></span> the transfer<span class=\"_ _2\"></span> of its Consumer Imaging business,<span class=\"_ _0\"></span> including assets, li<span class=\"_ _0\"></span>abilities, contr<span class=\"_ _0\"></span>acts and employ<span class=\"_ _0\"></span>ees, to Agf<span class=\"_ _0\"></span>aPhoto group companies.Subsequent to the divestment,<span class=\"_ _0\"></span> insolvency proceedings h<span class=\"_ _0\"></span>ave been opened <span class=\"_ _0\"></span>with respect to A<span class=\"_ _0\"></span>gfaPhoto GmbH and a number of its subsidiaries in both Germany<span class=\"_ _0\"></span> and other countries.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group had been sued thr<span class=\"_ _0\"></span>ough law<span class=\"_ _0\"></span>suits or other<span class=\"_ _2\"></span> actions in various countries in connection <span class=\"_ _0\"></span>with a number of disputes.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ose disputes have been r<span class=\"_ _0\"></span>esolved,<span class=\"_ _0\"></span> with the ex<span class=\"_ _0\"></span>ception of the followin<span class=\"_ _0\"></span>g dispute.With r<span class=\"_ _0\"></span>espect to that divestment,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er of A<span class=\"_ _0\"></span>gfaPhoto GmbH initiated v<span class=\"_ _2\"></span>arious arbitration proceedin<span class=\"_ _0\"></span>gs be-fore the ICC Internation<span class=\"_ _0\"></span>al Court of Arbitra<span class=\"_ _0\"></span>tion in P<span class=\"_ _0\"></span>aris. In arbitr<span class=\"_ _0\"></span>ation proceeding ICC N\u00b0.<span class=\"_ _0\"></span> 1536<span class=\"_ _0\"></span>2, the r<span class=\"_ _0\"></span>eceiver cl<span class=\"_ _0\"></span>aimed dama<span class=\"ws1\">-</span>ges allegedly<span class=\"_ _0\"></span> su\ue614ered as a r<span class=\"_ _0\"></span>esult of,<span class=\"_ _0\"></span> inter ali<span class=\"_ _0\"></span>a, the alleged under<span class=\"_ _0\"></span>capitalization of Agf<span class=\"_ _0\"></span>aPhoto GmbH and the alleged causation of the insolvency of AgfaPhoto GmbH.<span class=\"_ _2\"></span> \ue618e ICC <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ribunal issued a \ue615nal aw<span class=\"_ _2\"></span>ard on May 31,<span class=\"_ _0\"></span> 2018, throug<span class=\"_ _0\"></span>h which it dismissed all of the insolvency receiver\u2019<span class=\"_ _1\"></span>s claims, and order<span class=\"_ _0\"></span>ed him to reimburse to Agf<span class=\"_ _0\"></span>a a very substantial p<span class=\"_ _0\"></span>art of the costs that Agf<span class=\"_ _0\"></span>a incurred in that arbitr<span class=\"_ _2\"></span>ation proceeding.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e insolvency receiver<span class=\"_ _2\"></span> \ue615led a request for the annulment of tha<span class=\"_ _0\"></span>t \ue615nal aw<span class=\"_ _0\"></span>ard befor<span class=\"_ _0\"></span>e a German court (\u2018Oberlandesg<span class=\"_ _0\"></span>ericht Frankfurt/Main<span class=\"_ _2\"></span>\u2019 or<span class=\"_ _2\"></span> \u2018OLG<span class=\"_ _2\"></span>\u2019) in October 2018. By judgment of January 16<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>20,<span class=\"_ _0\"></span> the OLG declared the annulment of the \ue615nal a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d of May 31,<span class=\"_ _0\"></span> 2018. <span class=\"_ _2\"></span>\ue618e concerned Agfa companies appe<span class=\"_ _0\"></span>aled this judgment before the \u2018Bundesgerichtshof\u2019<span class=\"_ _2\"></span> (BGH). \ue618e BHG con\ue615rmed the judgment of the OL<span class=\"_ _0\"></span>G by decision of Nov<span class=\"_ _0\"></span>ember 26<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>20 which was communica<span class=\"_ _0\"></span>ted to Agfa on Janu<span class=\"_ _0\"></span>ary 20,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> \ue618e concerne<span class=\"_ _0\"></span>d Agfa comp<span class=\"_ _0\"></span>anies decided not to appeal this decision befor<span class=\"_ _0\"></span>e the German F<span class=\"_ _0\"></span>ederal Cons<span class=\"_ _0\"></span>titutional Court (\u2018Bundesv<span class=\"_ _0\"></span>erfassungsg<span class=\"_ _0\"></span>ericht\u2019). C<span class=\"_ _0\"></span>onsequently<span class=\"_ _2\"></span>, the \ue615nal aw<span class=\"_ _2\"></span>ard of May 31, 2<span class=\"_ _0\"></span>018 has been set aside de\ue615nitively<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> After<span class=\"_ _0\"></span> an unsuccessful conciliation attempt the insolv<span class=\"_ _0\"></span>ency receiver<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> Agf<span class=\"_ _0\"></span>aPhoto GmbH initiated a new arbitra<span class=\"_ _0\"></span>tion proceeding befor<span class=\"_ _0\"></span>e the ICC International Court of Arbitr<span class=\"_ _2\"></span>ation in April 2021 (ICC N\u00b0. 2<span class=\"_ _0\"></span>617<span class=\"_ _0\"></span>5), in which he pursues his claim for<span class=\"_ _0\"></span> damages alleg<span class=\"_ _0\"></span>edly su\ue614er<span class=\"_ _0\"></span>ed as a result of the alleged under<span class=\"_ _0\"></span>capitalization of AgfaPhoto GmbH,<span class=\"_ _2\"></span> in addi<span class=\"ws1\">-</span>tion to the reimbursement of his costs borne in the \ue615rst arbitr<span class=\"_ _0\"></span>ation (ICC N\u00b0. 1<span class=\"_ _0\"></span>5362).<span class=\"_ _0\"></span> An ICC tribunal w<span class=\"_ _0\"></span>ith three arbitr<span class=\"_ _0\"></span>ators was f<span class=\"_ _0\"></span>ormed in the course of 2021.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er submitted his f<span class=\"_ _0\"></span>ull Statement of Claim and Agfa submitted its Sta<span class=\"_ _0\"></span>tement of Defense.<span class=\"_ _0\"></span> In the course of 2023,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>ill submit his full Reply Brief and Agfa w<span class=\"_ _0\"></span>ill submit its Rejoinder Brief<span class=\"_ _2\"></span>. A he<span class=\"_ _0\"></span>aring is scheduled to take pl<span class=\"_ _0\"></span>ace in the last quarter<span class=\"_ _0\"></span> of 2023.<span class=\"_ _2\"></span> \ue618e Group will <span class=\"_ _0\"></span>vigor<span class=\"_ _0\"></span>ous<span class=\"ws1\">-</span>ly defend itself in this new proce<span class=\"_ _0\"></span>dure<span class=\"_ _0\"></span>.OtherFurther legal risk<span class=\"_ _0\"></span>s for the Gr<span class=\"_ _0\"></span>oup exist w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to a dispute with a former<span class=\"_ _0\"></span> distributor<span class=\"_ _0\"></span> of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s products in Bolivia who claims compensation for<span class=\"_ _2\"></span> breach of contract.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group believes it h<span class=\"_ _0\"></span>as meritorious defenses in this laws<span class=\"_ _0\"></span>uit and is de<span class=\"ws1\">-</span>fending itself vigor<span class=\"_ _0\"></span>ously<span class=\"_ _2\"></span>.\ue69d\ue6ad.<span class=\"_ _0\"></span> RELA<span class=\"_ _2\"></span>TED PAR<span class=\"_ _2\"></span>TY TRANSACTIONS46.<span class=\"_ _2\"></span>1 T<span class=\"_ _1\"></span>ransactions with Directors and memb<span class=\"_ _22\"></span>ers of the Executive Management (key management personnel)Key manag<span class=\"_ _0\"></span>ement personnel compensation (e<span class=\"_ _0\"></span>xcluding employ<span class=\"_ _0\"></span>er\u2019<span class=\"_ _2\"></span>s social contribution) include<span class=\"_ _0\"></span>d in pro\ue615t or los<span class=\"_ _0\"></span>s can be detai<span class=\"ls1 ws1\">-</span>led as follows:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _1d9\"> </span><span class=\"ffc\">2022</span>MILLION EURODirectors<span class=\"_ _232\"> </span>Executive Management<span class=\"_ _243\"> </span><span class=\"ffc\">Directors<span class=\"_ _248\"> </span>Executive Management</span>Short-term employee bene\ue614ts<span class=\"_ _1b7\"> </span>\ue61e.\ue618<span class=\"_ _134\"> </span>\ue61a.\ue61a<span class=\"_ _134\"> </span>\ue61e.\ue618<span class=\"_ _ce\"> </span>\ue61a.\ue61aT<span class=\"_ _2\"></span>ermination bene\ue614ts<span class=\"_ _332\"> </span>-<span class=\"_ _333\"> </span>-Post-employment bene\ue614ts<span class=\"_ _2c8\"> </span>\ue61e.\ue61f<span class=\"_ _307\"> </span>\ue61e.\ue61aShare-based payment<span class=\"_ _331\"> </span>\ue61e.\ue617<span class=\"_ _334\"> </span>\ue61e.\ue61aTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2c5\"> </span><span class=\"ls1 ws1\">0.5<span class=\"_ _134\"> </span>4.1<span class=\"_ _267\"> </span>0.5<span class=\"_ _ce\"> </span>3.9</span>As of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> there w<span class=\"_ _0\"></span>ere no loans outstanding neither<span class=\"_ _2\"></span> to members of the Executive Management nor<span class=\"_ _0\"></span> to mem<span class=\"ws1\">-</span>bers of the Board of Directors.P<span class=\"_ _0\"></span>ension provisions f<span class=\"_ _0\"></span>or members and r<span class=\"_ _0\"></span>etired members of the Executiv<span class=\"_ _0\"></span>e Management, amountin<span class=\"_ _0\"></span>g to 11 million Euro<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e re<span class=\"ws1\">-</span>\ue617ected in the statement of \ue615nancial position of the Group a<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022.<span class=\"_ _0\"></span> Key man<span class=\"_ _0\"></span>agement personnel remuner<span class=\"_ _2\"></span>ation is also included in the Remuner<span class=\"_ _0\"></span>ation Report (see pag<span class=\"_ _0\"></span>es 2<span class=\"_ _0\"></span>79-284).46.2 Other related party transactionsT<span class=\"_ _2\"></span>ransactions w<span class=\"_ _0\"></span>ith relate<span class=\"_ _0\"></span>d companies are mainly tr<span class=\"_ _2\"></span>ade transactions.\ue618e Group and its business partner<span class=\"_ _2\"></span> Shenzhen Brother Gao Deng In<span class=\"_ _0\"></span>vestment Group C<span class=\"_ _0\"></span>o.,<span class=\"_ _0\"></span> Ltd. combined as of 2010 their<span class=\"_ _2\"></span> activities aiming at r<span class=\"_ _0\"></span>einforcing both p<span class=\"_ _0\"></span>artners\u2019<span class=\"_ _0\"></span> market position in Gr<span class=\"_ _0\"></span>eater<span class=\"_ _2\"></span> China and ASEAN region.Shenzhen Brother<span class=\"_ _0\"></span> Gao Deng Inv<span class=\"_ _0\"></span>estment Group Co<span class=\"_ _0\"></span>., Ltd.<span class=\"_ _0\"></span> has a 49% stak<span class=\"_ _0\"></span>e in Agf<span class=\"_ _0\"></span>a Graphics Asi<span class=\"_ _0\"></span>a Ltd., the holding compan<span class=\"_ _2\"></span>y of the combined operations of both p<span class=\"_ _0\"></span>arties. In 2019,<span class=\"_ _0\"></span> the Group tr<span class=\"_ _0\"></span>ansferred tw<span class=\"_ _0\"></span>o subsidiaries to A<span class=\"_ _0\"></span>gfa Graphics <span class=\"_ _0\"></span>Asia Ltd. <span class=\"_ _0\"></span>Also in 2019, <span class=\"_ _0\"></span>Agfa Gr<span class=\"_ _0\"></span>aphics Asia esta<span class=\"_ _0\"></span>blished a new compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, Agf<span class=\"_ _0\"></span>a HuaGuang (Shang<span class=\"_ _0\"></span>hai) Graphics,<span class=\"_ _0\"></span> in which a new business partner<span class=\"_ _0\"></span> Lucky<span class=\"_ _0\"></span> HuaGuang Gr<span class=\"_ _0\"></span>aphics Co.,<span class=\"_ _2\"></span> Ltd. participated for<span class=\"_ _2\"></span> 49%. <span class=\"_ _0\"></span>\ue618is stra<span class=\"_ _0\"></span>tegic alliance should allow both business p<span class=\"_ _0\"></span>art<span class=\"ws1\">-</span>ners to realiz<span class=\"_ _0\"></span>e growth thr<span class=\"_ _0\"></span>ough the optimization of their<span class=\"_ _0\"></span> respective str<span class=\"_ _0\"></span>engths in the \ue615eld of manufacturing<span class=\"_ _2\"></span>, technology and distribution of graphics pr<span class=\"_ _0\"></span>epress products and services.<span class=\"_ _0\"></span> See also Note 3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.8 \u2018Non-controllin<span class=\"_ _0\"></span>g interests.<span class=\"_ _1\"></span>\u2019\ue618e followin<span class=\"_ _0\"></span>g table summarizes the tr<span class=\"_ _2\"></span>ansaction values and the outstanding b<span class=\"_ _0\"></span>alances between the Group and its r<span class=\"_ _0\"></span>elated parties Shenzhen Brother<span class=\"_ _2\"></span> Gao Deng Investment Group C<span class=\"_ _0\"></span>o.,<span class=\"_ _0\"></span> Ltd. and Luck<span class=\"_ _2\"></span>y HuaGuang Graphics Co<span class=\"_ _2\"></span>., Ltd. In the course of 2022,<span class=\"_ _2\"></span> Shenzhen Brother Gao Deng In<span class=\"_ _0\"></span>vestment Group Co<span class=\"_ _2\"></span>., Ltd. receiv<span class=\"_ _0\"></span>ed a dividend of 10 million Eur<span class=\"_ _0\"></span>o (49%). In the course of 2022,<span class=\"_ _0\"></span> Luck<span class=\"_ _0\"></span>y HuaGuang Gr<span class=\"_ _0\"></span>aphics Co<span class=\"_ _0\"></span>., Ltd. r<span class=\"_ _0\"></span>eceived a div<span class=\"_ _0\"></span>idend of 1 million Euro<span class=\"_ _0\"></span>.T<span class=\"_ _2\"></span>ransaction value for  Balance outstanding at December \ue61a\ue61dthe year ended December \ue61a\ue61dMILLION EURO\ue61f\ue61e\ue61f\ue61d<span class=\"_ _23c\"> </span><span class=\"ffc\">2022<span class=\"_ _23c\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _ec\"> </span><span class=\"ffc\">2022</span>Sales to Shenzhen Brother Gao Deng Investment Group C<span class=\"_ _0\"></span>o., Ltd.<span class=\"_ _267\"> </span>\ue61f\ue617<span class=\"_ _13c\"> </span>\ue61d\ue616<span class=\"_ _f8\"> </span>\ue61c<span class=\"_ _2df\"> </span>\ue61fSales to Lucky HuaGuang Graphics Co<span class=\"_ _2\"></span>., Ltd.<span class=\"_ _335\"> </span>\ue61d\ue61a<span class=\"_ _f8\"> </span>\ue61c<span class=\"_ _f8\"> </span>\ue616<span class=\"_ _1a6\"> </span>\ue61dPurchases from Shenzhen Brother Gao Deng  \ue618\ue61b<span class=\"_ _13c\"> </span>\ue61b\ue61e<span class=\"_ _f8\"> </span>\ue61d<span class=\"_ _2df\"> </span>\ue61dInvestment Group C<span class=\"_ _0\"></span>o., Ltd.Purchases from Lucky HuaGuang Graphics Co<span class=\"_ _2\"></span>., Ltd.<span class=\"_ _1c3\"> </span>\ue61d\ue619\ue618<span class=\"_ _c6\"> </span>\ue61d\ue617\ue618<span class=\"_ _13c\"> </span>\ue617\ue61f<span class=\"_ _23f\"> </span>\ue617\ue61fDividend<span class=\"_ _176\"> </span>\ue618<span class=\"_ _1a2\"> </span>\ue61d\ue61d<span class=\"_ _14b\"> </span>\ue61d<span class=\"_ _f8\"> </span>-Prepayment<span class=\"_ _331\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _13c\"> </span>\ue61d\ue61e<span class=\"_ _2df\"> </span>\ue619Prepa<span class=\"_ _0\"></span>yments with an outstandin<span class=\"_ _0\"></span>g balance of 7 million Eur<span class=\"_ _0\"></span>o relate to supplier<span class=\"_ _2\"></span> advances against comp<span class=\"_ _0\"></span>anies of the Shenzhen Brother<span class=\"_ _0\"></span> Gao Deng Group for<span class=\"_ _2\"></span> whose account the \ue615lm conversion tak<span class=\"_ _0\"></span>es place and from whom aluminum is boug<span class=\"_ _0\"></span>ht.\ue618e adv<span class=\"_ _0\"></span>ance is amortized base<span class=\"_ _0\"></span>d upon future \ue615lm volumes s<span class=\"_ _0\"></span>upplied to Agf<span class=\"_ _0\"></span>a Graphics Asi<span class=\"_ _0\"></span>a Ltd. <span class=\"_ _2\"></span>\ue618e outstanding amount of 7 million Euro is r<span class=\"_ _0\"></span>ecognized as \u2018<span class=\"_ _0\"></span>Other as<span class=\"_ _0\"></span>sets\u2019<span class=\"_ _0\"></span> (see Note 36).\ue680<span class=\"_ _b3\"></span>. EVENTS SUBSEQUENT <span class=\"_ _0\"></span>TO DECEMBER \ue690<span class=\"_ _2\"></span>\ue67f, \ue61d\ue61c<span class=\"_ _0\"></span>\ue61d\ue61d\ue618ere are no subsequent ev<span class=\"_ _0\"></span>ents. \ue69d\ue682.<span class=\"_ _0\"></span> INFORMA<span class=\"_ _2\"></span>TION <span class=\"_ _22\"></span>ON THE AUDITOR\u2019S<span class=\"_ _0\"></span> ASSIGNMENTS AND RELA<span class=\"_ _2\"></span>TED <span class=\"_ _22\"></span>FEES\ue618e followin<span class=\"_ _0\"></span>g fees for the services of KPMG Bedrijfsr<span class=\"_ _0\"></span>evisoren/R<span class=\"_ _0\"></span>\u00e9viseurs d<span class=\"_ _2\"></span>\u2019Entreprises were recogniz<span class=\"_ _0\"></span>ed as an expense:Euro<span class=\"_ _110\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _259\"> </span><span class=\"ffc\">2022</span>Fees of the independent auditor with respect to the statutory audit mandate f<span class=\"_ _22\"></span>or the Company and the Group (Belgium)<span class=\"_ _2e\"> </span>890,350<span class=\"_ _d0\"> </span>982,520Fees for non-audit services rendered by the independent auditor to the Company and the GroupOther attestation<span class=\"_ _2eb\"> </span>\ue61f\ue618,\ue618\ue61e\ue61e<span class=\"_ _2f\"> </span>\ue61f\ue61e,\ue61e\ue61e\ue61eTa<span class=\"_ _54\"></span>x<span class=\"_ _336\"> </span><span class=\"ls1 ws1\">-<span class=\"_ _4c\"> </span>-</span>Other non-audit<span class=\"_ _337\"> </span>-<span class=\"_ _4c\"> </span>-SUBTOT<span class=\"_ _2\"></span>AL<span class=\"_ _338\"> </span>915,850<span class=\"_ _188\"> </span>1,002,520Fees of independent auditor\u2019s network with respect to a statutor<span class=\"_ _22\"></span>y audit mandate at the level of the Group  591,911<span class=\"_ _89\"> </span>668,494(foreign operations)Fees for non-audit services rendered by the independent auditor<span class=\"_ _22\"></span>\u2019s network to the Group (Belgian and foreign operations)Other attestation<span class=\"_ _2eb\"> </span>\ue61f\ue618,\ue61e\ue61e\ue61e<span class=\"_ _2f\"> </span>\ue61f\ue618,\ue61e\ue619\ue61cTa<span class=\"_ _54\"></span>x<span class=\"_ _110\"> </span><span class=\"ls1 ws1\">\ue616\ue61c,\ue619\ue616\ue619<span class=\"_ _89\"> </span>\ue61d\ue61f\ue619,\ue616\ue61f\ue618</span>Other non-audit<span class=\"_ _2eb\"> </span>\ue61d\ue616\ue61b,\ue61f\ue61c\ue61c<span class=\"_ _89\"> </span>\ue61a\ue61c\ue61e,\ue61a\ue618\ue618SUBTOT<span class=\"_ _2\"></span>AL<span class=\"_ _338\"> </span>814,946<span class=\"_ _188\"> </span>1,201,352TOT<span class=\"_ _0\"></span>AL<span class=\"_ _339\"> </span><span class=\"ls1 ws1\">1,730,796<span class=\"_ _188\"> </span>2,203,872</span>\ue618e fees for<span class=\"_ _0\"></span> the auditing of \ue615nancial statements comprise those f<span class=\"_ _0\"></span>or the audits of the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Agfa-Gev<span class=\"_ _2\"></span>aert Group and the \ue615nancial statements of its subsidiaries in Be<span class=\"_ _0\"></span>lgium and abroad.<span class=\"_ _2\"></span> Other non-audit fees main<span class=\"ws1\">-</span>ly rela<span class=\"_ _0\"></span>te to advice and due diligence assis<span class=\"_ _0\"></span>tance.ACCOUNTING POLICIES\ue69d\ue683<span class=\"_ _0\"></span>. BASIS OF<span class=\"_ _0\"></span> MEASUREMENT\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements have been pr<span class=\"_ _0\"></span>epare<span class=\"_ _0\"></span>d on the historical cost basis ex<span class=\"_ _0\"></span>cept for the f<span class=\"_ _0\"></span>ollowing items in the statement of \ue615nancial position: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Non-deriv<span class=\"_ _0\"></span>ative \ue615nancial instr<span class=\"_ _0\"></span>uments at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss (FVTPL) are measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Debt and equity instruments a<span class=\"_ _0\"></span>t FV<span class=\"_ _0\"></span>OCI are me<span class=\"_ _0\"></span>asured at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Contingent consider<span class=\"_ _2\"></span>ation assumed in a business combination is meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Liabilities for<span class=\"_ _0\"></span> cash-settled shared-b<span class=\"_ _0\"></span>ased pa<span class=\"_ _0\"></span>yments arrang<span class=\"_ _0\"></span>ements are meas<span class=\"_ _0\"></span>ured at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa\">Plan assets attributable to the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s de\ue615ned bene\ue615t retirement plans and other pos<span class=\"_ _0\"></span>t-employment bene\ue615t plans are </span></span>measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue; and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">DBO attributable to de\ue615ned bene\ue615t plans ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d using the projected unit cr<span class=\"_ _0\"></span>edit method.</span></span>\ue6a0\ue61c.<span class=\"_ _0\"></span> SIGNIFICANT <span class=\"_ _0\"></span>ACCOUNTING POLICIES50.<span class=\"_ _2\"></span>1 Basis of consolidation50.<span class=\"_ _2\"></span>1.1 Business combinationsBusiness combinations are a<span class=\"_ _0\"></span>ccounted for usin<span class=\"_ _0\"></span>g the acquisition method as at the acquisition date<span class=\"_ _2\"></span>, which is the date on which control is tr<span class=\"_ _0\"></span>ansferred to the Gr<span class=\"_ _0\"></span>oup.Control is the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> the right that gives the Compan<span class=\"_ _0\"></span>y the ability to direct the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant activities of rel<span class=\"_ _0\"></span>at<span class=\"ws1\">-</span>ed entity<span class=\"_ _2\"></span>, and is e<span class=\"_ _0\"></span>xposed to or h<span class=\"_ _0\"></span>as rights to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and has the a<span class=\"_ _0\"></span>bility to a\ue614ect those returns through its po<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> over<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>.Goodwill is not amortized but tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment on an annual basis and w<span class=\"_ _0\"></span>henever ther<span class=\"_ _0\"></span>e is an indication that the cash-gener<span class=\"_ _0\"></span>ating unit to which goodw<span class=\"_ _0\"></span>ill has been allocated ma<span class=\"_ _0\"></span>y be impaire<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e impairment testing process is described in the appropriate section of these policies.<span class=\"_ _0\"></span> Goodwill is stated at cos<span class=\"_ _0\"></span>t less accumulated imp<span class=\"_ _0\"></span>airment losses. <span class=\"_ _0\"></span>With respect to associates,<span class=\"_ _0\"></span> the carrying amount of goodwill is included in the carrying amount of the in<span class=\"_ _0\"></span>vestment.\ue618e Group meas<span class=\"_ _0\"></span>ures goodwill a<span class=\"_ _0\"></span>t the acquisition date as: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of the consider<span class=\"_ _2\"></span>ation transferred; plus</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws42\">the recognized amount of an<span class=\"_ _0\"></span>y non-controlling inter<span class=\"_ _0\"></span>ests in the acquiree; and if the business combina<span class=\"_ _0\"></span>tion is achieved in </span></span>stages,<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of the e<span class=\"_ _0\"></span>xisting equity interes<span class=\"_ _0\"></span>t in the acquiree; less <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the net fair<span class=\"_ _0\"></span> value of the identi\ue615a<span class=\"_ _0\"></span>ble assets acquired and li<span class=\"_ _0\"></span>abilities assumed.</span></span>When the excess is neg<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, a b<span class=\"_ _0\"></span>argain purchase gain is r<span class=\"_ _0\"></span>ecognized immedia<span class=\"_ _0\"></span>tely in pro\ue615t or<span class=\"_ _0\"></span> loss. <span class=\"_ _0\"></span>Any conting<span class=\"_ _0\"></span>ent consid<span class=\"ws1\">-</span>eration p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able is recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue at the acquisition date<span class=\"_ _2\"></span>. Subsequent changes to the fair<span class=\"_ _2\"></span> value of the contingent consideration r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss.Costs rel<span class=\"_ _0\"></span>ated to the acquisition are e<span class=\"_ _0\"></span>xpensed as incurred.50.<span class=\"_ _2\"></span>1.2 Discontinued op<span class=\"_ _22\"></span>erationsA discontinued oper<span class=\"_ _0\"></span>ation is a component of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s business, the oper<span class=\"_ _2\"></span>ations and cash \ue617ows which can be clearly dis<span class=\"ws1\">-</span>tinguished from the r<span class=\"_ _0\"></span>est of the Group and which: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">represents a sep<span class=\"_ _0\"></span>arate ma<span class=\"_ _0\"></span>jor line of business or<span class=\"_ _0\"></span> geogr<span class=\"_ _0\"></span>aphic area of oper<span class=\"_ _2\"></span>ations;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">is part of a single co-or<span class=\"_ _0\"></span>dinated plan to dispose of a separ<span class=\"_ _2\"></span>ate major line of business or<span class=\"_ _0\"></span> geographic ar<span class=\"_ _0\"></span>ea of oper<span class=\"_ _0\"></span>ations; or</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">is a subsidiary acquired e<span class=\"_ _0\"></span>xclusively<span class=\"_ _0\"></span> with a v<span class=\"_ _0\"></span>iew to resale<span class=\"_ _0\"></span>.</span></span>Classi\ue615cation as a discontinued oper<span class=\"_ _2\"></span>ation occurs at the earlier of disposal or<span class=\"_ _0\"></span> when an oper<span class=\"_ _0\"></span>ation meets the criteria to be reclassi\ue615ed as he<span class=\"_ _0\"></span>ld-for-sale<span class=\"_ _2\"></span>.When an operation is cl<span class=\"_ _0\"></span>assi\ue615ed as a discontinued oper<span class=\"_ _0\"></span>ation, the comp<span class=\"_ _0\"></span>arativ<span class=\"_ _0\"></span>e statement of pro\ue615t or<span class=\"_ _0\"></span> loss and OCI is re-<span class=\"ws1\"> </span>presented as if the oper<span class=\"_ _0\"></span>ation has been discontinued from the start of the comp<span class=\"_ _0\"></span>arativ<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>1.3 Measurement of non-controlling interestsNon-controlling inter<span class=\"_ _0\"></span>ests are meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> proportionate sh<span class=\"_ _0\"></span>are of the acquirees identi\ue615able net as<span class=\"_ _0\"></span>sets at the date <span class=\"_ _20\"></span><span class=\"ws1\"> </span>of acquisition. Chang<span class=\"_ _0\"></span>es in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s interest in a subsidiary tha<span class=\"_ _0\"></span>t do not result in the loss of control ar<span class=\"_ _0\"></span>e accounted for<span class=\"_ _0\"></span> as equity tr<span class=\"_ _0\"></span>ansactions. When the Gr<span class=\"_ _0\"></span>oup loses control ov<span class=\"_ _0\"></span>er a subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>, it derecognizes the assets and li<span class=\"_ _0\"></span>abilities of the subsid<span class=\"ws1\">-</span>iary<span class=\"_ _2\"></span>, and any<span class=\"_ _0\"></span> related NCI and other<span class=\"_ _2\"></span> components of the equity<span class=\"_ _2\"></span>. Any r<span class=\"_ _0\"></span>esulting gain or<span class=\"_ _0\"></span> loss is recognised in pr<span class=\"_ _0\"></span>o\ue615t or loss.<span class=\"_ _2\"></span> Any interest retaine<span class=\"_ _0\"></span>d in the former subsidi<span class=\"_ _0\"></span>ary is measure<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>when control is lost.<span class=\"_ _0\"></span>  50.<span class=\"_ _2\"></span>1.4 SubsidiariesA subsidiary is an entity contr<span class=\"_ _0\"></span>olled by the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Control exis<span class=\"_ _0\"></span>ts when the Compan<span class=\"_ _0\"></span>y has the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver the entit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> the right that gives the C<span class=\"_ _0\"></span>ompany the a<span class=\"_ _0\"></span>bility to direct the r<span class=\"_ _0\"></span>elevant a<span class=\"_ _0\"></span>ctivities of relate<span class=\"_ _0\"></span>d entity<span class=\"_ _2\"></span>, and is expose<span class=\"_ _0\"></span>d to or has rig<span class=\"_ _0\"></span>hts to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and h<span class=\"_ _0\"></span>as the ability to a\ue614ect those r<span class=\"_ _0\"></span>eturns through its pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver the entity<span class=\"_ _2\"></span>.\ue618e \ue615nancial statements of a subsidiary ar<span class=\"_ _0\"></span>e included in the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements from the acquisition da<span class=\"_ _0\"></span>te until the date when the p<span class=\"_ _0\"></span>arent ceases to contr<span class=\"_ _0\"></span>ol the subsidiary<span class=\"_ _2\"></span>.Changes in a parent\u2019<span class=\"_ _0\"></span>s ownership interest in a subsidiary that do not result in a loss of controlChanges in a p<span class=\"_ _0\"></span>arent\u2019<span class=\"_ _1\"></span>s ownership interest in a subsidiary that do not r<span class=\"_ _0\"></span>esult in a loss of control are accounte<span class=\"_ _0\"></span>d for as equit<span class=\"_ _0\"></span>y transactions (i.<span class=\"_ _2\"></span>e. tr<span class=\"_ _0\"></span>ansactions with o<span class=\"_ _0\"></span>wners in their cap<span class=\"_ _0\"></span>acity as o<span class=\"_ _0\"></span>wners).In such circumstances,<span class=\"_ _0\"></span> the carrying amounts of the controlling and non-controllin<span class=\"_ _0\"></span>g interests shall be adjus<span class=\"_ _0\"></span>ted to re\ue617ect the changes in their<span class=\"_ _2\"></span> relative interests in the s<span class=\"_ _0\"></span>ubsidiary<span class=\"_ _2\"></span>. Adjustments to non-contr<span class=\"_ _0\"></span>olling interests arising fr<span class=\"_ _0\"></span>om transactions tha<span class=\"_ _0\"></span>t do not involv<span class=\"_ _0\"></span>e the loss of control are b<span class=\"_ _0\"></span>ased on a proportionate amount of the net assets of the subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>. Any<span class=\"_ _0\"></span> di\ue614erence between the amount by<span class=\"_ _0\"></span> which the non-controlling inter<span class=\"_ _0\"></span>ests are adjuste<span class=\"_ _0\"></span>d and the fair <span class=\"_ _0\"></span>value of the consider<span class=\"_ _0\"></span>ation paid or<span class=\"_ _0\"></span> received,<span class=\"_ _2\"></span> shall be recognized in equity and attributed to the o<span class=\"_ _0\"></span>wners of the parent.50.<span class=\"_ _2\"></span>1.5 Loss of controlOn the loss of control, the Gr<span class=\"_ _0\"></span>oup derecognizes the assets and li<span class=\"_ _0\"></span>abilities of the subsidiary<span class=\"_ _2\"></span>, any<span class=\"_ _0\"></span> non-controlling interes<span class=\"_ _0\"></span>ts and the other components of equity r<span class=\"_ _0\"></span>elated to the subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>. Any<span class=\"_ _0\"></span> surplus or de\ue615cit arisin<span class=\"_ _0\"></span>g on the loss of control is recognize<span class=\"_ _0\"></span>d in pro\ue615t or loss.<span class=\"_ _2\"></span> If<span class=\"_ _22\"></span> the Group retains an<span class=\"_ _0\"></span>y interest in the pr<span class=\"_ _0\"></span>evious subsidiary<span class=\"_ _2\"></span>, then such inter<span class=\"_ _0\"></span>est is meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value at the date th<span class=\"_ _0\"></span>at control is lost.<span class=\"_ _0\"></span> Subsequently it is accounted for<span class=\"_ _0\"></span> as an equity-a<span class=\"_ _0\"></span>ccounted inves<span class=\"_ _0\"></span>tee or as a \ue615nancial as<span class=\"_ _0\"></span>set depending on the level of in\ue617uence retained.50.<span class=\"_ _2\"></span>1.6 Investments in associatesAn associate is an entity in <span class=\"_ _0\"></span>which the Compan<span class=\"_ _0\"></span>y has signi\ue615cant in\ue617uence and that is neither<span class=\"_ _0\"></span> a subsidiary nor<span class=\"_ _0\"></span> an interest in a joint venture<span class=\"_ _2\"></span>. Signi\ue615cant in\ue617uence is presumed to e<span class=\"_ _0\"></span>xist when the Compan<span class=\"_ _2\"></span>y holds between 20% and 50% of the voting po<span class=\"_ _0\"></span>wer of another entity<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> An inv<span class=\"_ _0\"></span>estment in an associate is a<span class=\"_ _0\"></span>ccounted for<span class=\"_ _0\"></span> using the equity method from the d<span class=\"_ _0\"></span>ate on which it becomes an associate and is recogniz<span class=\"_ _0\"></span>ed initially at cost.<span class=\"_ _2\"></span> \ue618e cost of the inv<span class=\"_ _0\"></span>estment includes transaction cos<span class=\"_ _0\"></span>ts. On acquisition of the inves<span class=\"_ _0\"></span>tment, any<span class=\"_ _0\"></span> di\ue614erence betw<span class=\"_ _0\"></span>een the cost of the investment and the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s share of the net fair v<span class=\"_ _2\"></span>alue of the associate\u2019<span class=\"_ _1\"></span>s<span class=\"_ _22\"></span> identi\ue615able assets and liabilities is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>ollows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Goodwill rel<span class=\"_ _0\"></span>ating to an associate is included in the carryin<span class=\"_ _0\"></span>g amount of the investment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">Any e<span class=\"_ _0\"></span>xcess of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s share of the net f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of the associate\u2019<span class=\"_ _1\"></span>s identi\ue615able assets and liabilities over<span class=\"_ _2\"></span> the cost of </span></span>the inves<span class=\"_ _0\"></span>tment is included as income in the determination of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s share of the associ<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s pro\ue615t or<span class=\"_ _0\"></span> loss in the period in which the inv<span class=\"_ _0\"></span>estment is acquired.Elimination of unrealized pro\ue61fts and losses on transactions with associatesPro\ue615ts and losses r<span class=\"_ _0\"></span>esulting from upstr<span class=\"_ _0\"></span>eam and dow<span class=\"_ _0\"></span>nstream tr<span class=\"_ _2\"></span>ansactions between the Compan<span class=\"_ _0\"></span>y \u2013 included its consolidated subsidiaries \u2013 and an associate mus<span class=\"_ _0\"></span>t be eliminated to the extent of the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s interest in the associate<span class=\"_ _0\"></span>.Upstre<span class=\"_ _2\"></span>am transactions are<span class=\"_ _0\"></span>, for<span class=\"_ _2\"></span> example,<span class=\"_ _0\"></span> sales of assets from an associate to the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Downstre<span class=\"_ _2\"></span>am transactions are<span class=\"_ _0\"></span>, for<span class=\"_ _0\"></span> example<span class=\"_ _2\"></span>, sales of assets from the Compan<span class=\"_ _0\"></span>y to an associate<span class=\"_ _2\"></span>.When an investment ceases to be an associateFrom the date w<span class=\"_ _0\"></span>hen the Company<span class=\"_ _0\"></span> ceases to ha<span class=\"_ _0\"></span>ve signi\ue615cant in\ue617uence over<span class=\"_ _2\"></span> an associate,<span class=\"_ _0\"></span> it accounts for<span class=\"_ _0\"></span> related in<span class=\"_ _2\"></span>vestment in accordance <span class=\"_ _0\"></span>with IFRS 9 from th<span class=\"_ _0\"></span>at date<span class=\"_ _0\"></span>. On the loss of signi\ue615cant in\ue617uence<span class=\"_ _2\"></span>, the Company <span class=\"_ _0\"></span>measures a<span class=\"_ _0\"></span>t fair <span class=\"_ _0\"></span>value an<span class=\"_ _2\"></span>y invest<span class=\"ls1 ws1\">-</span>ment the Compan<span class=\"_ _0\"></span>y retains in the former<span class=\"_ _0\"></span> associate<span class=\"_ _2\"></span>.\ue618e Compan<span class=\"_ _0\"></span>y recognizes in pr<span class=\"_ _0\"></span>o\ue615t or loss an<span class=\"_ _0\"></span>y di\ue614erence bet<span class=\"_ _0\"></span>ween: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of an<span class=\"_ _0\"></span>y retained in<span class=\"_ _0\"></span>vestment and an<span class=\"_ _0\"></span>y proceeds fr<span class=\"_ _0\"></span>om disposing of the (partial) interes<span class=\"_ _0\"></span>t in the associate; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the carrying amount of the inves<span class=\"_ _0\"></span>tment at the date when signi\ue615cant in\ue617uence is lost.</span></span>Amounts recognized in OCI in r<span class=\"_ _0\"></span>elation to the associa<span class=\"_ _0\"></span>te or joint v<span class=\"_ _0\"></span>enture are accounte<span class=\"_ _0\"></span>d for on the same b<span class=\"_ _0\"></span>asis as would be re<span class=\"ls1 ws1\">-</span>quired if the inv<span class=\"_ _0\"></span>estee had disposed of the re<span class=\"_ _0\"></span>lated assets and lia<span class=\"_ _0\"></span>bilities directly<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>1.7 Jointly controlled entities and jointly controlled operationsA joint arr<span class=\"_ _0\"></span>angement is an arr<span class=\"_ _0\"></span>angement of which tw<span class=\"_ _0\"></span>o or mor<span class=\"_ _0\"></span>e parties hav<span class=\"_ _0\"></span>e joint control. Joint contr<span class=\"_ _0\"></span>ol is the contractu<span class=\"_ _0\"></span>ally agreed sharing of contr<span class=\"_ _0\"></span>ol of an arrangement,<span class=\"_ _2\"></span> which exists only when decisions about the r<span class=\"_ _0\"></span>elevant a<span class=\"_ _0\"></span>ctivities require the unanimous consent of the parties sharing contr<span class=\"_ _0\"></span>ol. Depending upon the rights and obliga<span class=\"_ _0\"></span>tions of the parties to the arran<span class=\"_ _0\"></span>ge<span class=\"ws1\">-</span>ment, the joint arr<span class=\"_ _0\"></span>angement is classi\ue615e<span class=\"_ _0\"></span>d either as a joint oper<span class=\"_ _0\"></span>ation or<span class=\"_ _0\"></span> a joint venture<span class=\"_ _2\"></span>.A. Joint operationA joint oper<span class=\"_ _0\"></span>ation is a joint arrang<span class=\"_ _0\"></span>ement where<span class=\"_ _0\"></span>by the parties tha<span class=\"_ _0\"></span>t have joint contr<span class=\"_ _0\"></span>ol of the arrang<span class=\"_ _0\"></span>ement have rights to the assets, and obliga<span class=\"_ _0\"></span>tions for the lia<span class=\"_ _0\"></span>bilities, re<span class=\"_ _0\"></span>lating to the arr<span class=\"_ _0\"></span>angement. <span class=\"_ _2\"></span>\ue618ose parties are called joint oper<span class=\"_ _0\"></span>ators.\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements include the assets that the Group contr<span class=\"_ _0\"></span>ols and the liabilities that it incurs in the course of pursuing the joint opera<span class=\"_ _0\"></span>tion and the expenses that the Group incurs and its sh<span class=\"_ _0\"></span>are of the income that it e<span class=\"_ _0\"></span>arns from the joint operation.B. Joint ventureA joint ventur<span class=\"_ _0\"></span>e is a joint arrang<span class=\"_ _0\"></span>ement whereb<span class=\"_ _0\"></span>y the parties tha<span class=\"_ _0\"></span>t have joint contr<span class=\"_ _0\"></span>ol of the arrangement h<span class=\"_ _0\"></span>ave rights to the net assets of the arrang<span class=\"_ _0\"></span>ement. <span class=\"_ _2\"></span>\ue618ose parties are called joint ventur<span class=\"_ _0\"></span>ers.\ue618e Group as joint ventur<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>ecognizes its interest in a joint <span class=\"_ _0\"></span>venture as an in<span class=\"_ _0\"></span>vestment that is accounte<span class=\"_ _0\"></span>d for usin<span class=\"_ _0\"></span>g the equity method (see Note 50<span class=\"_ _2\"></span>.1.6).50.<span class=\"_ _2\"></span>1.8 T<span class=\"_ _2\"></span>ransactions eliminated on consolidationIntragr<span class=\"_ _0\"></span>oup balances and tr<span class=\"_ _0\"></span>ansactions, including income<span class=\"_ _2\"></span>, expenses and dividends,<span class=\"_ _0\"></span> are eliminate<span class=\"_ _0\"></span>d in full. Unr<span class=\"_ _0\"></span>ealized pr<span class=\"_ _0\"></span>o\ue615ts and losses resulting fr<span class=\"_ _0\"></span>om intragr<span class=\"_ _0\"></span>oup transactions th<span class=\"_ _0\"></span>at are recogniz<span class=\"_ _0\"></span>ed in assets, such as in<span class=\"_ _2\"></span>ventory and \ue615xed assets, are e<span class=\"_ _0\"></span>lim<span class=\"ws1\">-</span>inated in full.Unre<span class=\"_ _0\"></span>alized gains arising fr<span class=\"_ _0\"></span>om transactions <span class=\"_ _0\"></span>with equity-a<span class=\"_ _0\"></span>ccounted inves<span class=\"_ _0\"></span>tees are eliminate<span class=\"_ _0\"></span>d against the inv<span class=\"_ _0\"></span>estment to the extent of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s interest in the in<span class=\"_ _0\"></span>vestee<span class=\"_ _0\"></span>. Unr<span class=\"_ _0\"></span>ealize<span class=\"_ _0\"></span>d losses are elimina<span class=\"_ _0\"></span>ted in the same w<span class=\"_ _0\"></span>ay as unre<span class=\"_ _0\"></span>alized gains,<span class=\"_ _0\"></span> but only to the extent that ther<span class=\"_ _0\"></span>e is no evidence of impairment.50.2 F<span class=\"_ _2\"></span>oreign currencyItems included in the \ue615nancial statements of e<span class=\"_ _0\"></span>ach of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s entities are me<span class=\"_ _0\"></span>asured usin<span class=\"_ _0\"></span>g the currency of the prima<span class=\"ws1\">-</span>ry economic envir<span class=\"_ _0\"></span>onment in which the entity oper<span class=\"_ _0\"></span>ates (\u2018the function<span class=\"_ _0\"></span>al currency\u2019). <span class=\"_ _2\"></span>\ue618e consolidated \ue615nancial statements are presented in E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, which is the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s functional and presentation currency<span class=\"_ _2\"></span>.50.2.<span class=\"_ _2\"></span>1 Foreign currency transactionsAll transactions in curr<span class=\"_ _0\"></span>encies other th<span class=\"_ _0\"></span>an the functional currency are f<span class=\"_ _0\"></span>oreign currency tr<span class=\"_ _2\"></span>ansactions. For<span class=\"_ _0\"></span>eign currency trans<span class=\"ws1\">-</span>actions are tr<span class=\"_ _0\"></span>anslated into the functional curr<span class=\"_ _0\"></span>ency using the ex<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ates prev<span class=\"_ _2\"></span>ailing at the dates of the transactions.<span class=\"_ _0\"></span> For<span class=\"_ _0\"></span>eign currency gains and losses r<span class=\"_ _0\"></span>esulting from the settlement of such tr<span class=\"_ _2\"></span>ansactions and from the translation at <span class=\"_ _0\"></span>closing rates of monetary assets and lia<span class=\"_ _0\"></span>bilities denominated in foreign curr<span class=\"_ _0\"></span>encies are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss. Ho<span class=\"_ _0\"></span>wever<span class=\"_ _2\"></span>, for<span class=\"_ _0\"></span>eign currency di\ue614erences arisin<span class=\"_ _0\"></span>g from the transl<span class=\"_ _0\"></span>ation of the followin<span class=\"_ _0\"></span>g items are recognize<span class=\"_ _0\"></span>d in OCI: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsd\"> An inv<span class=\"_ _0\"></span>estment in equity securities designate<span class=\"_ _0\"></span>d as at FV<span class=\"_ _2\"></span>OCI (except on impairment,<span class=\"_ _0\"></span> in which case foreign curr<span class=\"_ _0\"></span>ency di\ue614er<span class=\"ws1\">-</span></span></span>ences that hav<span class=\"_ _0\"></span>e been recognized in OCI ar<span class=\"_ _0\"></span>e reclassi\ue615e<span class=\"_ _0\"></span>d to pro\ue615t or los<span class=\"_ _0\"></span>s); <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Qualifying cash \ue617ow<span class=\"_ _0\"></span> hedges to the extent tha<span class=\"_ _0\"></span>t the hedges are e\ue614<span class=\"_ _0\"></span>ective<span class=\"_ _0\"></span>.</span></span>Non-monetary assets and liabilities me<span class=\"_ _0\"></span>asured at historical cos<span class=\"_ _0\"></span>t that are denomina<span class=\"_ _0\"></span>ted in foreign currencies ar<span class=\"_ _0\"></span>e transla<span class=\"_ _0\"></span>ted using the exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate at the date of the tr<span class=\"_ _0\"></span>ansaction.50.2.2 F<span class=\"_ _2\"></span>oreign op<span class=\"_ _22\"></span>erationsA foreign oper<span class=\"_ _2\"></span>ation is an entity that is a subsidiary<span class=\"_ _2\"></span>, associa<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> joint ventur<span class=\"_ _0\"></span>e or br<span class=\"_ _0\"></span>anch of the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, of which the activ<span class=\"_ _0\"></span>i<span class=\"ws1\">-</span>ties are based or<span class=\"_ _2\"></span> conducted in a currency other than the E<span class=\"_ _0\"></span>uro.\ue618e \ue615nancial statements of for<span class=\"_ _0\"></span>eign operations ar<span class=\"_ _0\"></span>e transla<span class=\"_ _0\"></span>ted for the purpose of the consolida<span class=\"_ _0\"></span>tion as follows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Assets and liabilities are tr<span class=\"_ _2\"></span>anslated at the closing ra<span class=\"_ _0\"></span>te;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Income and expenses are tr<span class=\"_ _2\"></span>anslated at aver<span class=\"_ _0\"></span>age ye<span class=\"_ _2\"></span>ar-to-date exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ates; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa9\">Equity components are tr<span class=\"_ _2\"></span>anslated at historical ra<span class=\"_ _0\"></span>tes, ex<span class=\"_ _0\"></span>cluding current ye<span class=\"_ _2\"></span>ar movements,<span class=\"_ _0\"></span> which are tr<span class=\"_ _0\"></span>anslated at r<span class=\"_ _2\"></span>ates </span></span>approxima<span class=\"_ _0\"></span>ting the rate a<span class=\"_ _0\"></span>t the time of the transaction.All resulting e<span class=\"_ _0\"></span>xchange di\ue614<span class=\"_ _0\"></span>erences are r<span class=\"_ _0\"></span>ecognized in other<span class=\"_ _0\"></span> comprehensive income and accumul<span class=\"_ _0\"></span>ated in a separ<span class=\"_ _0\"></span>ate com<span class=\"ws1\">-</span>ponent of equity being \u2018T<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>anslation reserve\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618e amount attributable to any non-contr<span class=\"_ _0\"></span>olling interests is allocate<span class=\"_ _0\"></span>d to and recognized as p<span class=\"_ _0\"></span>art of non-controlling interests.On the disposal of a foreign oper<span class=\"_ _0\"></span>ation, the cumulativ<span class=\"_ _0\"></span>e amount of the exchan<span class=\"_ _0\"></span>ge di\ue614erences r<span class=\"_ _0\"></span>elating to that f<span class=\"_ _0\"></span>oreign oper<span class=\"_ _0\"></span>a<span class=\"ws1\">-</span>tion, recogniz<span class=\"_ _0\"></span>ed in other compr<span class=\"_ _0\"></span>ehensive income and accumul<span class=\"_ _0\"></span>ated in the separ<span class=\"_ _0\"></span>ate component of equity<span class=\"_ _2\"></span>, is r<span class=\"_ _0\"></span>eclassi\ue615ed from equity to pro\ue615t or<span class=\"_ _2\"></span> loss when the gain or loss on disposal is r<span class=\"_ _0\"></span>ecognized.On the partial disposal of a subsidiary that includes a f<span class=\"_ _0\"></span>oreign opera<span class=\"_ _0\"></span>tion, the proportion<span class=\"_ _0\"></span>ate share of the cumulativ<span class=\"_ _0\"></span>e amount of the exchang<span class=\"_ _0\"></span>e di\ue614erences recogniz<span class=\"_ _0\"></span>ed in other<span class=\"_ _0\"></span> comprehensive income is r<span class=\"_ _0\"></span>e-attributed to non-controlling inter<span class=\"_ _0\"></span>ests in that foreign oper<span class=\"_ _0\"></span>ation. <span class=\"_ _0\"></span>Any other<span class=\"_ _0\"></span> partial disposal of a for<span class=\"_ _0\"></span>eign operation \u2013 r<span class=\"_ _0\"></span>elated to an associ<span class=\"_ _0\"></span>ate,<span class=\"_ _2\"></span> joint venture or br<span class=\"_ _0\"></span>anch of the Compan<span class=\"_ _0\"></span>y \u2013 results in a recl<span class=\"_ _0\"></span>assi\ue615cation to pro\ue615t or<span class=\"_ _0\"></span> loss of the proportionate sh<span class=\"_ _0\"></span>are of the cumulative amount of the ex<span class=\"_ _0\"></span>change di\ue614erences recogniz<span class=\"_ _0\"></span>ed in other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.A partial disposal of an entity\u2019<span class=\"_ _1\"></span>s interest in a foreign oper<span class=\"_ _0\"></span>ation is any r<span class=\"_ _0\"></span>eduction in an entity\u2019<span class=\"_ _2\"></span>s o<span class=\"_ _0\"></span>wnership interest in a for<span class=\"_ _0\"></span>eign operation,<span class=\"_ _2\"></span> except for those r<span class=\"_ _0\"></span>eductions resulting in: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of control of a subsidiary;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of signi\ue615cant in\ue617uence over<span class=\"_ _2\"></span> an associate;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of joint control ov<span class=\"_ _0\"></span>er a joint arr<span class=\"_ _0\"></span>angement.</span></span>\ue618ese reductions are a<span class=\"_ _0\"></span>ccounted for as disposals r<span class=\"_ _0\"></span>esulting in a recl<span class=\"_ _0\"></span>assi\ue615cation from other<span class=\"_ _0\"></span> comprehensive income to pr<span class=\"_ _0\"></span>o\ue615t or loss of the cumulative amount of the ex<span class=\"_ _0\"></span>change di\ue614er<span class=\"_ _0\"></span>ences rela<span class=\"_ _0\"></span>ting to that foreign oper<span class=\"_ _2\"></span>ation.50.3 Revenue from contracts with customersRevenue from contr<span class=\"_ _2\"></span>acts with customers is recognize<span class=\"_ _0\"></span>d according to the criteria set in IFR<span class=\"_ _0\"></span>S 15 <span class=\"ff11 ws59\">Rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h </span>customers<span class=\"ff1 ws5e\">.<span class=\"_ _0\"></span> In recognizing rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts with customers a \ue615v<span class=\"_ _0\"></span>e-step approa<span class=\"_ _0\"></span>ch is to be applied: \ue615rst the contr<span class=\"_ _0\"></span>act </span>with the customer<span class=\"_ _0\"></span> should be identi\ue615ed; then the distinct performance obliga<span class=\"_ _0\"></span>tions in the contract should be identi\ue615e<span class=\"_ _0\"></span>d; as a third step the tr<span class=\"_ _2\"></span>ansaction price should be determined; then the transaction price should be allocated to the distinct perf<span class=\"_ _0\"></span>or<span class=\"ws1\">-</span>mance obligations in the contr<span class=\"_ _0\"></span>act; and \ue615nally rev<span class=\"_ _0\"></span>enue is recognize<span class=\"_ _0\"></span>d when the distinct performance obliga<span class=\"_ _0\"></span>tion is satis\ue615ed. \ue618e standard mor<span class=\"_ _0\"></span>eover<span class=\"_ _2\"></span> speci\ue615es whether revenue should be r<span class=\"_ _0\"></span>ecognized at a certain point in time or<span class=\"_ _2\"></span> over a period of time<span class=\"_ _0\"></span>.Revenue is recor<span class=\"_ _2\"></span>ded net of sales taxes, customer discounts and r<span class=\"_ _0\"></span>ebates.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s policy distinguishes rev<span class=\"_ _0\"></span>enue from the sale of goods,<span class=\"_ _0\"></span> the rendering of services and multiple-element arr<span class=\"_ _0\"></span>angements.Revenue from the sale of g<span class=\"_ _0\"></span>oods comprises revenue fr<span class=\"_ _0\"></span>om the sale of consumables, chemicals,<span class=\"_ _0\"></span> spare p<span class=\"_ _0\"></span>arts, standalone equipment and softw<span class=\"_ _0\"></span>are licenses. R<span class=\"_ _0\"></span>evenue from the r<span class=\"_ _0\"></span>endering of services includes installation services, m<span class=\"_ _0\"></span>aintenance and post-contra<span class=\"_ _0\"></span>ct support services. <span class=\"_ _2\"></span>\ue618e Group also enters into arrangements combinin<span class=\"_ _0\"></span>g multiple deliver<span class=\"_ _0\"></span>ables such as softw<span class=\"_ _2\"></span>are, hardw<span class=\"_ _2\"></span>are/<span class=\"_ _2\"></span>equipment and services, including trainin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> maintenance and post-contr<span class=\"_ _0\"></span>act customer s<span class=\"_ _0\"></span>upport, the <span class=\"_ _0\"></span>\u2018multiple-e<span class=\"_ _0\"></span>l<span class=\"ws1\">-</span>ement arrang<span class=\"_ _0\"></span>ements.<span class=\"_ _1\"></span>\u2019 Freight char<span class=\"_ _0\"></span>ged to customers is recogniz<span class=\"_ _0\"></span>ed as rev<span class=\"_ _0\"></span>enue as incurred.A. Sale of goodsRevenue from the sale of g<span class=\"_ _0\"></span>oods is recognized w<span class=\"_ _0\"></span>hen the customer obtains contr<span class=\"_ _0\"></span>ol of the goods and when it is prob<span class=\"_ _0\"></span>able that the agreed tr<span class=\"_ _2\"></span>ansaction price will be collected. In ev<span class=\"_ _2\"></span>aluating whether collectabilit<span class=\"_ _0\"></span>y is proba<span class=\"_ _0\"></span>ble,<span class=\"_ _0\"></span> the entity considers the customer\u2019<span class=\"_ _2\"></span>s ability<span class=\"_ _0\"></span> and intention to pay tha<span class=\"_ _0\"></span>t amount when it is due<span class=\"_ _0\"></span>. Rev<span class=\"_ _0\"></span>enue from the sale of goods is, under<span class=\"_ _2\"></span> IFRS 15, recognized upon de<span class=\"_ _0\"></span>livery followin<span class=\"_ _0\"></span>g applicable freight terms,<span class=\"_ _0\"></span> at a point in time<span class=\"_ _0\"></span>.Revenue from the sale of stand-alone sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e licenses is recognize<span class=\"_ _0\"></span>d at a point in time,<span class=\"_ _2\"></span> at the delivery of the source key<span class=\"_ _2\"></span>. \ue618e license is recognized a<span class=\"_ _0\"></span>t a point in time as the Group prov<span class=\"_ _0\"></span>ides the customer<span class=\"_ _0\"></span> access to and a right to use the intellectual property as it e<span class=\"_ _0\"></span>xists at a point in time<span class=\"_ _0\"></span>.In case volume discounts incentives ar<span class=\"_ _0\"></span>e o\ue614ered to the customer<span class=\"_ _2\"></span>, the e<span class=\"_ _0\"></span>xpected volume r<span class=\"_ _0\"></span>ebates ar<span class=\"_ _0\"></span>e estimated base<span class=\"_ _0\"></span>d on historical experience<span class=\"_ _2\"></span>. \ue618e amount of the v<span class=\"_ _2\"></span>ariable consideration is made b<span class=\"_ _0\"></span>ased on the most like<span class=\"_ _0\"></span>ly amount-method. <span class=\"_ _2\"></span>\ue618e vari<span class=\"_ _0\"></span>able consideration is r<span class=\"_ _0\"></span>ecognized only to the e<span class=\"_ _0\"></span>xtent that it is highly pr<span class=\"_ _0\"></span>obable that a signi\ue615cant r<span class=\"_ _0\"></span>eversal in the amount of cumulative r<span class=\"_ _0\"></span>evenue will not occur<span class=\"_ _2\"></span>.B. Rendering of servicesUnder the IFR<span class=\"_ _0\"></span>S 15 standar<span class=\"_ _0\"></span>d, rev<span class=\"_ _0\"></span>enue from maintenance contr<span class=\"_ _2\"></span>acts is recognized str<span class=\"_ _0\"></span>aight-line over<span class=\"_ _2\"></span> the maintenance period as the customer simultaneously<span class=\"_ _0\"></span> receives and consumes the bene\ue615ts fr<span class=\"_ _0\"></span>om the maintenance ov<span class=\"_ _0\"></span>er time<span class=\"_ _2\"></span>.Revenue from ins<span class=\"_ _0\"></span>tallation and implementation services are r<span class=\"_ _0\"></span>ecognized as render<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e progress is meas<span class=\"_ _0\"></span>ured based on input methods being the labor<span class=\"_ _0\"></span> hours expended to date <span class=\"_ _0\"></span>versus the estima<span class=\"_ _0\"></span>ted hours spend.When in a service contract multiple services ar<span class=\"_ _0\"></span>e o\ue614ered,<span class=\"_ _0\"></span> the total considera<span class=\"_ _0\"></span>tion is allocated to all services based on their<span class=\"_ _2\"></span> stand-alone selling price<span class=\"_ _2\"></span>.C. Multiple-element arrangementsMultiple-element arran<span class=\"_ _0\"></span>gements o\ue614er<span class=\"_ _0\"></span> the customer a combin<span class=\"_ _0\"></span>ation of several de<span class=\"_ _0\"></span>livera<span class=\"_ _0\"></span>bles such as softw<span class=\"_ _0\"></span>are<span class=\"_ _2\"></span>, licenses, hardw<span class=\"_ _2\"></span>are,<span class=\"_ _0\"></span> implementation services and maintenance and post-contr<span class=\"_ _0\"></span>act support services. F<span class=\"_ _2\"></span>or arran<span class=\"_ _0\"></span>gements not requir<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>ing substantive cus<span class=\"_ _0\"></span>tomization of the softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, e<span class=\"_ _0\"></span>ach aforementioned deliv<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble is assumed to qualify as a separ<span class=\"_ _2\"></span>ate per<span class=\"ls1 ws1\">-</span>formance obligation.\ue618e total arrang<span class=\"_ _0\"></span>ement fee is allocated to the distinct perform<span class=\"_ _0\"></span>ance obligations based on the s<span class=\"_ _0\"></span>tand-alone selling prices of the performance obligations.In case discounts are o\ue614ere<span class=\"_ _0\"></span>d, a proportiona<span class=\"_ _0\"></span>te amount is allocated proportionally<span class=\"_ _0\"></span> to each performance oblig<span class=\"_ _0\"></span>ation based on their stand-alone se<span class=\"_ _0\"></span>lling price.Within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> and Radiology Solutions business segments, most arr<span class=\"_ _0\"></span>angements do not requir<span class=\"_ _0\"></span>e signi\ue615cant cus<span class=\"ws1\">-</span>tomization of modi\ue615cation.Revenue allocated to the h<span class=\"_ _0\"></span>ardw<span class=\"_ _0\"></span>are portion of the arr<span class=\"_ _0\"></span>angement is recogniz<span class=\"_ _0\"></span>ed on delivery when it cr<span class=\"_ _0\"></span>eates v<span class=\"_ _2\"></span>alue to the cus<span class=\"ws1\">-</span>tomer on a stand-alone b<span class=\"_ _0\"></span>asis. Har<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>are is considered as a distinct perf<span class=\"_ _0\"></span>ormance obligation as there is no tr<span class=\"_ _2\"></span>ansformative relationship bet<span class=\"_ _0\"></span>ween the hardw<span class=\"_ _2\"></span>are and other components of the contr<span class=\"_ _0\"></span>act.Revenue allocated to the sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e component is recognize<span class=\"_ _0\"></span>d after succes<span class=\"_ _0\"></span>sful installation and acceptation a<span class=\"_ _0\"></span>t the client\u2019<span class=\"_ _2\"></span>s premises. <span class=\"_ _2\"></span>\ue618e softwar<span class=\"_ _0\"></span>e license is a distinct performance obligation as the cus<span class=\"_ _0\"></span>tomer can bene\ue615t from the license <span class=\"_ _0\"></span>with re<span class=\"_ _0\"></span>ad<span class=\"ws1\">-</span>ily av<span class=\"_ _2\"></span>ailable resources. <span class=\"_ _2\"></span>\ue618e license is recognized at a point in time as the Group pr<span class=\"_ _0\"></span>ovides the customer<span class=\"_ _2\"></span> access to and a right to use the intellectual property<span class=\"_ _0\"></span> as it exists at a point in time<span class=\"_ _2\"></span>.Revenue from ins<span class=\"_ _0\"></span>tallation and implementation services are r<span class=\"_ _0\"></span>ecognized as render<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e progress is meas<span class=\"_ _0\"></span>ured based on input methods being the labor<span class=\"_ _0\"></span> hours expensed to date <span class=\"_ _0\"></span>versus the estima<span class=\"_ _0\"></span>ted hours spend.Extended w<span class=\"_ _2\"></span>arranty whereb<span class=\"_ _0\"></span>y the customer<span class=\"_ _0\"></span> purchases additional <span class=\"_ _0\"></span>warr<span class=\"_ _2\"></span>anty separately<span class=\"_ _1\"></span>, i.e<span class=\"_ _0\"></span>. w<span class=\"_ _2\"></span>arranty that is addin<span class=\"_ _0\"></span>g additional services on top of the legal w<span class=\"_ _0\"></span>arranty or<span class=\"_ _2\"></span> for a longer<span class=\"_ _2\"></span> period than legal warr<span class=\"_ _0\"></span>anty<span class=\"_ _2\"></span>, is consider<span class=\"_ _0\"></span>ed as a distinct performance obli<span class=\"ws1\">-</span>gation within multiple-e<span class=\"_ _0\"></span>lement arrang<span class=\"_ _0\"></span>ements.Revenue recogniz<span class=\"_ _0\"></span>ed for<span class=\"_ _0\"></span> which no billing has y<span class=\"_ _0\"></span>et occurred is recogniz<span class=\"_ _0\"></span>ed in the statement of \ue615nancial position as contr<span class=\"_ _2\"></span>act assets and adv<span class=\"_ _0\"></span>ance payments r<span class=\"_ _0\"></span>eceived for<span class=\"_ _2\"></span> which no revenue has been recogniz<span class=\"_ _0\"></span>ed is presented as contr<span class=\"_ _0\"></span>act liabilities.Within the O\ue614set Solutions and Digital Print &amp; Chemicals div<span class=\"_ _0\"></span>isions, rev<span class=\"_ _0\"></span>enue from sale of equipment that r<span class=\"_ _0\"></span>equire substan<span class=\"ws1\">-</span>tive installation a<span class=\"_ _0\"></span>ctivities is recognize<span class=\"_ _0\"></span>d when the installation of the equipment is \ue615naliz<span class=\"_ _0\"></span>ed in accord<span class=\"_ _0\"></span>ance with the contr<span class=\"_ _0\"></span>ac<span class=\"ws1\">-</span>tually agreed speci\ue615ca<span class=\"_ _0\"></span>tions. Installation services and equipment ar<span class=\"_ _0\"></span>e considered highly<span class=\"_ _0\"></span> interrelated and ar<span class=\"_ _0\"></span>e identi\ue615ed as one performance obligation tha<span class=\"_ _0\"></span>t is recognized at a point in time<span class=\"_ _2\"></span>, i.e<span class=\"_ _2\"></span>. at installation at the client<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s premises.50.4 Employee bene\ue61ftsFor<span class=\"_ _2\"></span> the accounting treatment of post-emplo<span class=\"_ _0\"></span>yment plans, IFRS dis<span class=\"_ _0\"></span>tinguishes de\ue615ned contribution plans and de\ue615ned ben<span class=\"ws1\">-</span>e\ue615t plans. <span class=\"_ _2\"></span>\ue618e classi\ue615cation depends on which party<span class=\"_ _0\"></span> \u2013 Company<span class=\"_ _0\"></span> or employ<span class=\"_ _0\"></span>ee \u2013 bears the actu<span class=\"_ _0\"></span>arial and inves<span class=\"_ _0\"></span>tment risk. In case of a de\ue615ned contribution plan, the emplo<span class=\"_ _0\"></span>yee bears all the risk<span class=\"_ _0\"></span>s and therefore the C<span class=\"_ _0\"></span>ompany does not r<span class=\"_ _0\"></span>ecognize a liability in its sta<span class=\"_ _0\"></span>tement of \ue615nancial position except for<span class=\"_ _2\"></span> any unpaid contribution.In case of a de\ue615ned bene\ue615t plan, the Comp<span class=\"_ _0\"></span>any be<span class=\"_ _0\"></span>ars the actuarial and in<span class=\"_ _0\"></span>vestment risk and should consequently<span class=\"_ _0\"></span> recognize a liability in its sta<span class=\"_ _0\"></span>tement of \ue615nancial position.50.4.<span class=\"_ _2\"></span>1 De\ue61fned contribution plansContributions to de\ue615ned contribution pension plans are r<span class=\"_ _0\"></span>ecognized as an expense in pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s as incurred.\ue618ey are allocated amon<span class=\"_ _0\"></span>g functional costs: cost of sales, r<span class=\"_ _0\"></span>esear<span class=\"_ _0\"></span>ch and development expenses,<span class=\"_ _0\"></span> selling and administr<span class=\"_ _2\"></span>ative ex<span class=\"ls1 ws1\">-</span>penses, follo<span class=\"_ _0\"></span>wing the functional ar<span class=\"_ _0\"></span>ea of the corresponding pr<span class=\"_ _0\"></span>o\ue615t and cost centers to which re<span class=\"_ _0\"></span>lated employ<span class=\"_ _0\"></span>ees are attributed.50.4.2 De\ue61fned bene\ue61ft plansAs from December<span class=\"_ _0\"></span> 31, 2016<span class=\"_ _0\"></span>, the accounting tr<span class=\"_ _0\"></span>eatment for<span class=\"_ _2\"></span> Belgian de\ue615ned contribution plans with return g<span class=\"_ _0\"></span>uaranteed b<span class=\"_ _0\"></span>y law has been aligne<span class=\"_ _0\"></span>d with the accounting tr<span class=\"_ _0\"></span>eatment of de\ue615ned bene\ue615t plans.A. Liabilities for post-employment bene\ue61ftsFor<span class=\"_ _2\"></span> de\ue615ned bene\ue615t plans, the amount recognize<span class=\"_ _0\"></span>d in the statement of \ue615nancial position is determined as the present <span class=\"_ _0\"></span>value of the de\ue615ned bene\ue615t obligation less the fair<span class=\"_ _2\"></span> value of any pl<span class=\"_ _0\"></span>an assets. Wher<span class=\"_ _0\"></span>e the calculation results in a net s<span class=\"_ _0\"></span>urplus, the recognized as<span class=\"_ _0\"></span>set does not exceed the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of any economic bene\ue615ts av<span class=\"_ _2\"></span>ailable in the form of refunds from the plan or r<span class=\"_ _0\"></span>eductions in future contributions to the plan.\ue618e present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> the de\ue615ned bene\ue615t obligations (DBO) and the service costs ar<span class=\"_ _0\"></span>e calculated by a qu<span class=\"_ _0\"></span>ali\ue615ed actuary using the Projected Unit Cr<span class=\"_ _0\"></span>edit (PUC) method. Under<span class=\"_ _2\"></span> this method projected bene\ue615ts that are pa<span class=\"_ _0\"></span>ya<span class=\"_ _0\"></span>ble each futur<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar are dis<span class=\"ws1\">-</span>counted to the reporting da<span class=\"_ _0\"></span>te at the assumed interes<span class=\"_ _0\"></span>t rate<span class=\"_ _2\"></span>. \ue618e r<span class=\"_ _0\"></span>esulting total bene\ue615t obligation is then alloca<span class=\"_ _0\"></span>ted to past service,<span class=\"_ _2\"></span> presenting the DBO and year<span class=\"_ _0\"></span>-in-service<span class=\"_ _0\"></span>, presenting the service cos<span class=\"_ _0\"></span>t. <span class=\"_ _2\"></span>\ue618e assumed interest ra<span class=\"_ _0\"></span>te is the discount rate based on y<span class=\"_ _0\"></span>ields at reporting da<span class=\"_ _0\"></span>te on high-quality corpor<span class=\"_ _0\"></span>ate bonds that ha<span class=\"_ _0\"></span>ve maturity<span class=\"_ _0\"></span> dates appro<span class=\"_ _0\"></span>ximating the terms of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations. In determining the net pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of the future bene\ue615t entitlement for<span class=\"_ _0\"></span> service alrea<span class=\"_ _0\"></span>dy rendere<span class=\"_ _0\"></span>d (DBO), the Group considers f<span class=\"_ _0\"></span>uture compensation and bene\ue615t incre<span class=\"_ _2\"></span>ases. \ue618e DBO also comprises the pr<span class=\"_ _0\"></span>esent value fr<span class=\"_ _0\"></span>om the e\ue614ects of taxes pa<span class=\"_ _0\"></span>yable b<span class=\"_ _0\"></span>y the plan on contributions or<span class=\"_ _0\"></span> bene\ue615ts relatin<span class=\"_ _0\"></span>g to services already<span class=\"_ _0\"></span> rendered.More information a<span class=\"_ _0\"></span>bout the application of the PUC method for Belgi<span class=\"_ _0\"></span>an de\ue615ned contribution plans can be found here<span class=\"_ _0\"></span>after<span class=\"_ _2\"></span>.B. De\ue61fned bene\ue61ft cost recognized in pro\ue61ft or loss and \u2018Other comprehensive income\u2019\ue618e amount charged to pr<span class=\"_ _0\"></span>o\ue615t or loss consis<span class=\"_ _0\"></span>ts of current service cost, p<span class=\"_ _0\"></span>ast service cost, g<span class=\"_ _0\"></span>ain or loss on settlement,<span class=\"_ _0\"></span> net inter<span class=\"ws1\">-</span>est cost and administr<span class=\"_ _2\"></span>ative expenses and taxes. C<span class=\"_ _0\"></span>urrent service costs as we<span class=\"_ _0\"></span>ll as administra<span class=\"_ _0\"></span>tive expenses and tax<span class=\"_ _0\"></span>es, which are borne by the emplo<span class=\"_ _0\"></span>yer(s<span class=\"_ _0\"></span>) participatin<span class=\"_ _0\"></span>g to the plan, are alloca<span class=\"_ _0\"></span>ted among functional costs: cost of sales,<span class=\"_ _0\"></span> rese<span class=\"_ _0\"></span>arch and de<span class=\"ws1\">-</span>velopment expenses,<span class=\"_ _2\"></span> selling and general administr<span class=\"_ _2\"></span>ative expenses, follo<span class=\"_ _0\"></span>wing the function<span class=\"_ _0\"></span>al area of the correspondin<span class=\"_ _0\"></span>g pro\ue615t and cost centers to which re<span class=\"_ _0\"></span>lated employ<span class=\"_ _0\"></span>ees are attributed.<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ast service cost and settlement gains (losses) ar<span class=\"_ _0\"></span>e recognize<span class=\"_ _0\"></span>d immediately in pr<span class=\"_ _0\"></span>o\ue615t or loss under<span class=\"_ _2\"></span> \u2018Other oper<span class=\"_ _2\"></span>ating income\u2019<span class=\"_ _0\"></span> or <span class=\"_ _0\"></span>\u2018Other oper<span class=\"_ _2\"></span>ating expense\u2019<span class=\"_ _2\"></span> when the plan amendment, curtailment or settlement occurs.<span class=\"_ _0\"></span> Administr<span class=\"_ _0\"></span>ative e<span class=\"_ _0\"></span>xpenses which are re<span class=\"_ _0\"></span>lated to the manag<span class=\"_ _0\"></span>ement of plan assets and taxes directly link<span class=\"_ _0\"></span>ed to the return on plan assets \u2013 borne b<span class=\"_ _0\"></span>y the plan itself \u2013 are included in the r<span class=\"_ _0\"></span>eturn on plan assets and are recognized in <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _0\"></span> net of income taxes (OCI)\u2019<span class=\"_ _1\"></span>.Net interest cost is r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss under \u2018<span class=\"_ _0\"></span>Other \ue615nance e<span class=\"_ _0\"></span>xpense.<span class=\"_ _b3\"></span>\u2019 It is calculated by apply<span class=\"_ _0\"></span>ing the discount rate used to measur<span class=\"_ _0\"></span>e the de\ue615ned bene\ue615t obligation to the net de\ue615ned bene\ue615t lia<span class=\"_ _0\"></span>bility<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e net interest cost is broken do<span class=\"_ _0\"></span>wn into interest income on plan assets and inter<span class=\"_ _0\"></span>est cost on the de\ue615ned bene\ue615t obligation.<span class=\"_ _2\"></span> \ue618e di\ue614erence betw<span class=\"_ _0\"></span>een the return on plan assets and the interest income on pl<span class=\"_ _0\"></span>an assets is included in line item \u2018P<span class=\"_ _2\"></span>ost-employment bene\ue615ts: reme<span class=\"_ _0\"></span>asurements of the net de\ue615ned bene\ue615t liability\u2019<span class=\"_ _0\"></span> and recognized in <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> comprehensive income<span class=\"_ _2\"></span>, net of income taxes<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. Next to the di\ue614erence betw<span class=\"_ _0\"></span>een the actual return and the interes<span class=\"_ _0\"></span>t income on plan assets, the line item <span class=\"_ _0\"></span>\u2018P<span class=\"_ _0\"></span>ost-employment bene\ue615ts: remeas<span class=\"_ _0\"></span>urements of the net de\ue615ned bene\ue615t liability\u2019<span class=\"_ _0\"></span> also comprises actuarial gains and los<span class=\"_ _0\"></span>ses resulting for<span class=\"_ _2\"></span> example from an adjustment of the discount ra<span class=\"_ _0\"></span>te.C. De\ue61fned contribution plans with return guaranteed by lawBelgian \u2018De\ue615ne<span class=\"_ _0\"></span>d contribution plans\u2019<span class=\"_ _2\"></span> are subject to the Occupational P<span class=\"_ _2\"></span>ensions Act of April 2003. <span class=\"_ _0\"></span>According to article 24 of this Act, a\ue616li<span class=\"_ _0\"></span>ated persons are entitled to a gu<span class=\"_ _0\"></span>aranteed minimum r<span class=\"_ _0\"></span>eturn on contributions made by either<span class=\"_ _2\"></span> the organizer of the plan or the emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>. Some conditions in this la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>, such as the r<span class=\"_ _0\"></span>equired level of minimum r<span class=\"_ _0\"></span>eturn, hav<span class=\"_ _0\"></span>e been amended by the Act of December<span class=\"_ _2\"></span> 18, 2015. Similar<span class=\"_ _2\"></span> to the measurement of all other de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans, the net pension liabilit<span class=\"_ _0\"></span>y relate<span class=\"_ _0\"></span>d to de\ue615ned contribution plans with r<span class=\"_ _0\"></span>eturn guar<span class=\"_ _0\"></span>anteed by la<span class=\"_ _0\"></span>w is calculated as the di\ue614er<span class=\"_ _0\"></span>ence between the present value of the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation (DBO) and the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the plan assets. <span class=\"_ _0\"></span>As of December 31,<span class=\"_ _0\"></span> 2016,<span class=\"_ _0\"></span> the present value of the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation (DBO) and the service costs are calculate<span class=\"_ _0\"></span>d by a quali\ue615ed a<span class=\"_ _0\"></span>ctuary using the Projected Unit Credit (PUC) method.<span class=\"_ _0\"></span> More information on the g<span class=\"_ _0\"></span>eneral principles of this method can be found under<span class=\"_ _2\"></span> \u2018Liabilities for post-employment bene\ue615ts<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.Within the Belgi<span class=\"_ _0\"></span>an Agfa-Gev<span class=\"_ _2\"></span>aert Group entities, all insure<span class=\"_ _0\"></span>d plans guar<span class=\"_ _0\"></span>antee a \ue615xed return up to r<span class=\"_ _0\"></span>etirement age (<span class=\"_ _0\"></span>so-called Branch 21 insur<span class=\"_ _0\"></span>ed products).<span class=\"_ _2\"></span> Depending on the nature of the insured contr<span class=\"_ _0\"></span>act, the DBO has been determine<span class=\"_ _0\"></span>d with or<span class=\"_ _0\"></span> with<span class=\"ws1\">-</span>out future contributions and their<span class=\"_ _0\"></span> relate<span class=\"_ _0\"></span>d minimum returns up to the retir<span class=\"_ _0\"></span>ement age or e<span class=\"_ _0\"></span>xit. F<span class=\"_ _2\"></span>or the T<span class=\"_ _1\"></span>op Perform<span class=\"_ _0\"></span>ance Plan no future contributions w<span class=\"_ _0\"></span>ere considered,<span class=\"_ _2\"></span> for all other <span class=\"_ _0\"></span>\u2018Branch 21<span class=\"_ _2\"></span>\u2019 insure<span class=\"_ _0\"></span>d products recurring contributions ar<span class=\"_ _0\"></span>e paid and therefore consider<span class=\"_ _0\"></span>ed in the actuarial calcula<span class=\"_ _0\"></span>tion.Similar to the Be<span class=\"_ _0\"></span>lgian DC-plans, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Swiss DC-plans are accounted f<span class=\"_ _0\"></span>or as DB-plans under<span class=\"_ _2\"></span> IAS 19.In measuring the net li<span class=\"_ _0\"></span>ability rel<span class=\"_ _0\"></span>ated to Belgian and Sw<span class=\"_ _0\"></span>iss de\ue615ned contribution plans with r<span class=\"_ _0\"></span>eturn guar<span class=\"_ _0\"></span>anteed by la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>, the Group has applied p<span class=\"_ _0\"></span>aragr<span class=\"_ _0\"></span>aph 115 of IAS 19.<span class=\"_ _0\"></span> Par<span class=\"_ _2\"></span>agraph 115 states <span class=\"_ _0\"></span>\u201cWhere plan assets include qualify<span class=\"_ _0\"></span>ing insurance policies that exa<span class=\"_ _0\"></span>ctly match the amount and timing of some or<span class=\"_ _0\"></span> all of the bene\ue615ts pay<span class=\"_ _0\"></span>able under<span class=\"_ _0\"></span> the plan, the fair<span class=\"_ _2\"></span> value of those insur<span class=\"ws1\">-</span>ance policies is deemed to be the present v<span class=\"_ _2\"></span>alue of the related obligations<span class=\"_ _0\"></span>\u201d up to the gu<span class=\"_ _0\"></span>aranteed r<span class=\"_ _2\"></span>ate of the insurer<span class=\"_ _2\"></span>. \ue618e ap<span class=\"ws1\">-</span>plication of this par<span class=\"_ _0\"></span>agraph 115 implies a m<span class=\"_ _0\"></span>arket v<span class=\"_ _2\"></span>aluation of the retirement age contr<span class=\"_ _0\"></span>actual insure<span class=\"_ _0\"></span>d bene\ue615t, which imp<span class=\"_ _0\"></span>acts both the assets to account for<span class=\"_ _0\"></span> and the DBO.<span class=\"_ _2\"></span> In terms of<span class=\"_ _22\"></span> applying the methodology of par<span class=\"_ _2\"></span>agraph 115, man<span class=\"_ _0\"></span>agement believes that the DBO calculation should r<span class=\"_ _0\"></span>e\ue617ect that the employee is entitle<span class=\"_ _0\"></span>d to the higher of the actu<span class=\"_ _0\"></span>al accumulated reserves and the minimum reserves. <span class=\"_ _2\"></span>\ue618erefore<span class=\"_ _0\"></span>, the DBO calcula<span class=\"_ _0\"></span>tion re\ue617ects this plan char<span class=\"_ _0\"></span>acteristic for<span class=\"_ _0\"></span> every event,<span class=\"_ _0\"></span> being lea<span class=\"_ _0\"></span>ving befor<span class=\"_ _0\"></span>e retirement or<span class=\"_ _2\"></span> staying until retirement.50.4.3 T<span class=\"_ _1\"></span>ermination <span class=\"_ _22\"></span>bene\ue61ftsT<span class=\"_ _2\"></span>ermination bene\ue615ts ar<span class=\"_ _0\"></span>e recognized as a li<span class=\"_ _0\"></span>ability and an expense w<span class=\"_ _0\"></span>hen a Group compan<span class=\"_ _0\"></span>y is demonstr<span class=\"_ _0\"></span>ably committed to either: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminate the employment of an emplo<span class=\"_ _0\"></span>yee or gr<span class=\"_ _0\"></span>oup of employees befor<span class=\"_ _0\"></span>e the normal retirement d<span class=\"_ _0\"></span>ate; or</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa\">prov<span class=\"_ _0\"></span>ide termination bene\ue615ts as a result of an o\ue614er<span class=\"_ _2\"></span> made in order to encour<span class=\"_ _2\"></span>age voluntary redundancy and to the extent it </span></span>is probable th<span class=\"_ _0\"></span>at the employees w<span class=\"_ _0\"></span>ill accept the o\ue614er<span class=\"_ _2\"></span>.Where termination bene\ue615ts f<span class=\"_ _0\"></span>all due more than twe<span class=\"_ _0\"></span>lve months after<span class=\"_ _0\"></span> the reporting date<span class=\"_ _2\"></span>, they are discounted using a dis<span class=\"ws1\">-</span>count rate <span class=\"_ _0\"></span>which is the yield a<span class=\"_ _0\"></span>t reporting date on high qu<span class=\"_ _0\"></span>ality corpora<span class=\"_ _0\"></span>te bonds that hav<span class=\"_ _0\"></span>e maturity da<span class=\"_ _0\"></span>tes approxima<span class=\"_ _0\"></span>ting the terms of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.\ue618e interest impa<span class=\"_ _0\"></span>ct of unwinding and r<span class=\"_ _0\"></span>e-measuring lon<span class=\"_ _0\"></span>g-term termination bene\ue615ts at adjuste<span class=\"_ _0\"></span>d discount rates at \ue615n<span class=\"_ _0\"></span>ancial reporting date is r<span class=\"_ _0\"></span>e\ue617ected in pro\ue615t or<span class=\"_ _0\"></span> loss under<span class=\"_ _0\"></span> \u2018Other<span class=\"_ _2\"></span> \ue615nance expense\u2019<span class=\"_ _0\"></span> where<span class=\"_ _0\"></span>as the impact of incre<span class=\"_ _0\"></span>ases and decreases of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s commitments are presented under<span class=\"_ _2\"></span> \u2018Other oper<span class=\"_ _2\"></span>ating expenses \u2013 Restructuring expenses<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.50.4.4 Other long-term employee bene\ue61fts\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net obligation in respect of long-term employ<span class=\"_ _0\"></span>ee bene\ue615ts, other<span class=\"_ _0\"></span> than pension plans,<span class=\"_ _0\"></span> post-employment life in-surance and me<span class=\"_ _0\"></span>dical care<span class=\"_ _0\"></span>, is the amount of future bene\ue615t th<span class=\"_ _0\"></span>at employees ha<span class=\"_ _0\"></span>ve earne<span class=\"_ _0\"></span>d in return for<span class=\"_ _0\"></span> their service in curr<span class=\"_ _0\"></span>ent and prior periods.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e obligation is calculated usin<span class=\"_ _0\"></span>g the projected unit credit method and is discounte<span class=\"_ _0\"></span>d to its present v<span class=\"_ _0\"></span>alue and the fair<span class=\"_ _0\"></span> value of an<span class=\"_ _0\"></span>y rel<span class=\"_ _0\"></span>ated assets is deducted.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e discount rate used is the <span class=\"_ _0\"></span>yield at r<span class=\"_ _0\"></span>eporting date on high quality<span class=\"_ _0\"></span> corporate bonds th<span class=\"_ _0\"></span>at have m<span class=\"_ _0\"></span>aturity dates appr<span class=\"_ _0\"></span>oximating the terms of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.Unlike the accountin<span class=\"_ _0\"></span>g treatment of post-emplo<span class=\"_ _0\"></span>yment de\ue615ned bene\ue615t plans,<span class=\"_ _0\"></span> remeas<span class=\"_ _0\"></span>urements of other long-term emplo<span class=\"_ _0\"></span>yee <span class=\"_ _24\"></span><span class=\"ls1 ws1\"> </span>bene\ue615ts are not re\ue617ected in other<span class=\"_ _2\"></span> comprehensive income<span class=\"_ _0\"></span>. Inste<span class=\"_ _0\"></span>ad, the impa<span class=\"_ _0\"></span>ct of remeasur<span class=\"_ _0\"></span>ements is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss.50.4.5 Current employee bene\ue61ftsCurrent employ<span class=\"_ _0\"></span>ee bene\ue615t obligations are me<span class=\"_ _0\"></span>asured on an undiscounte<span class=\"_ _0\"></span>d basis and are expense<span class=\"_ _0\"></span>d as the related service is prov<span class=\"_ _0\"></span>ided. A<span class=\"_ _0\"></span> liability is r<span class=\"_ _0\"></span>ecognized for<span class=\"_ _2\"></span> the amount expected to be paid within tw<span class=\"_ _0\"></span>elve months if the Group has a pr<span class=\"_ _0\"></span>esent legal or constr<span class=\"_ _0\"></span>uctive obligation to pa<span class=\"_ _0\"></span>y this amount as a result of p<span class=\"_ _0\"></span>ast service prov<span class=\"_ _0\"></span>ided by the employ<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, and the obligation can be estimated r<span class=\"_ _0\"></span>eliably<span class=\"_ _2\"></span>.50.4.6 Share-based payment transactions\ue618e Group has cash-settled shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yment tr<span class=\"_ _0\"></span>ansactions as it has grante<span class=\"_ _0\"></span>d a long-term v<span class=\"_ _0\"></span>ariable compensation em<span class=\"ws1\">-</span>bedded in a Phantom Stock Option Pl<span class=\"_ _0\"></span>an to its CEO and key<span class=\"_ _0\"></span> personnel members of the Group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is plan can result in an additional cash bonus.In the established shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yment transa<span class=\"_ _0\"></span>ction, the eligible person dir<span class=\"_ _0\"></span>ectly participates in <span class=\"_ _0\"></span>changes in v<span class=\"_ _2\"></span>alue of the un<span class=\"ws1\">-</span>derlying equity ins<span class=\"_ _0\"></span>trument, being the shar<span class=\"_ _0\"></span>es of Agfa-Gev<span class=\"_ _2\"></span>aert NV and, accor<span class=\"_ _0\"></span>dingly<span class=\"_ _2\"></span>, the cash p<span class=\"_ _0\"></span>ayment is base<span class=\"_ _0\"></span>d on the price or v<span class=\"_ _2\"></span>alue of the equity instrument.Related sh<span class=\"_ _0\"></span>are appreciation rig<span class=\"_ _0\"></span>hts do not vest until the eligible persons h<span class=\"_ _0\"></span>ave completed a speci\ue615ed period of service<span class=\"_ _2\"></span>. \ue618er<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>fore<span class=\"_ _2\"></span>, the Company r<span class=\"_ _0\"></span>ecognizes the services receiv<span class=\"_ _0\"></span>ed, and a liabilit<span class=\"_ _0\"></span>y to pay<span class=\"_ _0\"></span> for them,<span class=\"_ _0\"></span> as the eligible person renders service during that period.<span class=\"_ _0\"></span> \ue618e li<span class=\"_ _0\"></span>ability is me<span class=\"_ _0\"></span>asured,<span class=\"_ _0\"></span> initially and at the end of each r<span class=\"_ _0\"></span>eporting period until settled,<span class=\"_ _0\"></span> at the fair<span class=\"_ _0\"></span> value of the share apprecia<span class=\"_ _0\"></span>tion rights, by<span class=\"_ _0\"></span> applying an option pricing model,<span class=\"_ _0\"></span> and the extent to which the emplo<span class=\"_ _0\"></span>yees hav<span class=\"_ _0\"></span>e ren<span class=\"ws1\">-</span>dered service to date<span class=\"_ _2\"></span>. Changes in f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue are recognized in pro\ue615t or<span class=\"_ _2\"></span> loss. Both the cost recognized a<span class=\"_ _0\"></span>t initial measur<span class=\"_ _0\"></span>ement as well as the imp<span class=\"_ _0\"></span>act of changes in fair<span class=\"_ _2\"></span> value are consider<span class=\"_ _0\"></span>ed as employee bene\ue615t e<span class=\"_ _0\"></span>xpenses. Black<span class=\"_ _0\"></span> and Scholes is the applied option pricing model.50.5 Research and development expensesFor<span class=\"_ _2\"></span> accounting purposes, rese<span class=\"_ _0\"></span>arch expenses are de\ue615ne<span class=\"_ _0\"></span>d as costs incurred for<span class=\"_ _2\"></span> current or planned in<span class=\"_ _0\"></span>vestigations undertak<span class=\"_ _0\"></span>en with the prospect of gaining new<span class=\"_ _0\"></span> scienti\ue615c or technical know<span class=\"_ _0\"></span>ledge and understanding<span class=\"_ _0\"></span>. Dev<span class=\"_ _0\"></span>elopment expenses are de\ue615ned as costs incurred for<span class=\"_ _2\"></span> the application of research \ue615ndings or<span class=\"_ _0\"></span> specialist know<span class=\"_ _0\"></span>ledge to plans or<span class=\"_ _0\"></span> designs for<span class=\"_ _0\"></span> the production, prov<span class=\"_ _0\"></span>ision or deve<span class=\"_ _0\"></span>lopment of new or subs<span class=\"_ _0\"></span>tantially improv<span class=\"_ _0\"></span>ed products,<span class=\"_ _0\"></span> services or pr<span class=\"_ _0\"></span>ocesses, respectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>, prior<span class=\"_ _2\"></span> to the com<span class=\"ws1\">-</span>mencement of commercial production or<span class=\"_ _2\"></span> use.Resear<span class=\"_ _0\"></span>ch and development expenses ar<span class=\"_ _0\"></span>e incurred in the A<span class=\"_ _0\"></span>gfa-Gev<span class=\"_ _0\"></span>aert Group for<span class=\"_ _0\"></span> in-house rese<span class=\"_ _0\"></span>arch and development activ<span class=\"_ _2\"></span><span class=\"ws1\">-</span>ities, as w<span class=\"_ _0\"></span>ell as numerous rese<span class=\"_ _0\"></span>arch and deve<span class=\"_ _0\"></span>lopment collabora<span class=\"_ _0\"></span>tions and alliances with thir<span class=\"_ _0\"></span>d parties.Resear<span class=\"_ _0\"></span>ch and development expenses include<span class=\"_ _2\"></span>, in particular<span class=\"_ _2\"></span>, the running costs of the r<span class=\"_ _0\"></span>esearch and dev<span class=\"_ _0\"></span>elopment depart<span class=\"ws1\">-</span>ments such as personnel expenses,<span class=\"_ _0\"></span> material costs and depr<span class=\"_ _0\"></span>eciation of \ue615xed assets as <span class=\"_ _0\"></span>well as the costs of labor<span class=\"_ _2\"></span>atories, costs of applications development fa<span class=\"_ _0\"></span>cilities, engineering dep<span class=\"_ _0\"></span>artments and other dep<span class=\"_ _0\"></span>artments carrying out resear<span class=\"_ _0\"></span>ch and devel<span class=\"ws1\">-</span>opment tasks, cos<span class=\"_ _0\"></span>ts of contacts with universities and scienti\ue615c institutes includin<span class=\"_ _0\"></span>g expenses incurred f<span class=\"_ _0\"></span>or commissioned resear<span class=\"_ _0\"></span>ch and development w<span class=\"_ _0\"></span>ork.Resear<span class=\"_ _0\"></span>ch costs cannot be capitalized.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e conditions for capitalization of dev<span class=\"_ _0\"></span>elopment costs are closely de\ue615ne<span class=\"_ _0\"></span>d: an intan<span class=\"ws1\">-</span>gible asset must be recogniz<span class=\"_ _0\"></span>ed if,<span class=\"_ _0\"></span> and only if<span class=\"_ _0\"></span>, there is r<span class=\"_ _0\"></span>easonable certainty<span class=\"_ _0\"></span> of receiving futur<span class=\"_ _0\"></span>e cash \ue617ows that <span class=\"_ _0\"></span>will cover<span class=\"_ _2\"></span> an asset\u2019<span class=\"_ _1\"></span>s carr<span class=\"_ _22\"></span>ying amount.50.6 Net \ue61fnance costsInterest income (e<span class=\"_ _0\"></span>xpense) \u2013 net comprises inter<span class=\"_ _0\"></span>ests receiv<span class=\"_ _0\"></span>able/<span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>able in rela<span class=\"_ _0\"></span>tion to items of the net \ue615nancial debt position.Net \ue615nancial debt is de\ue615ned as curr<span class=\"_ _0\"></span>ent and non-current loans and borr<span class=\"_ _0\"></span>owings and le<span class=\"_ _0\"></span>ase liabilities less cash and cash equiv<span class=\"_ _0\"></span><span class=\"ws1\">-</span>alents. Other<span class=\"_ _0\"></span> \ue615nance income (expense<span class=\"_ _2\"></span>) \u2013 net comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsef\">interest receiv<span class=\"_ _0\"></span>ed/<span class=\"_ _2\"></span>paid on other assets and lia<span class=\"_ _0\"></span>bilities not part of the net \ue615nancial debt position such as the net inter<span class=\"_ _0\"></span>est cost </span></span>of de\ue615ned bene\ue615t plans and the interest component of long-term termina<span class=\"_ _0\"></span>tion bene\ue615ts; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge results on non-oper<span class=\"_ _2\"></span>ating activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of derivative instruments economically<span class=\"_ _0\"></span> hedging non-opera<span class=\"_ _0\"></span>ting activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the ine\ue614ective portion of cash \ue617ow he<span class=\"_ _0\"></span>dges hedging non-oper<span class=\"_ _0\"></span>ating activ<span class=\"_ _0\"></span>ities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">impairment losses recogniz<span class=\"_ _0\"></span>ed on \ue615nancial assets;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">results on the sale of mark<span class=\"_ _0\"></span>etable securities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">change in conting<span class=\"_ _0\"></span>ent consideration fr<span class=\"_ _0\"></span>om a business combination; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">other \ue615nance income (<span class=\"_ _0\"></span>expense<span class=\"_ _0\"></span>).</span></span>Interest income is recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss as it accrues,<span class=\"_ _0\"></span> taking into account the e\ue614ective <span class=\"_ _0\"></span>yield on the asset.<span class=\"_ _0\"></span> Dividend income is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss on the d<span class=\"_ _0\"></span>ate that the dividend is decl<span class=\"_ _0\"></span>ared.All interest and other<span class=\"_ _0\"></span> costs incurred in connection <span class=\"_ _0\"></span>with borro<span class=\"_ _0\"></span>wings are e<span class=\"_ _0\"></span>xpensed as incurred using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate. \ue618e interest expense component of le<span class=\"_ _0\"></span>ase payments is r<span class=\"_ _0\"></span>ecognized in pr<span class=\"_ _0\"></span>o\ue615t or loss using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate method.\ue618e net interest cost of de\ue615ned bene\ue615t plans is determine<span class=\"_ _0\"></span>d by multiplying the net de\ue615ne<span class=\"_ _0\"></span>d bene\ue615t liability b<span class=\"_ _0\"></span>y the discount rate that is used to me<span class=\"_ _0\"></span>asure the de\ue615ned bene\ue615t obligation,<span class=\"_ _2\"></span> both as determined at the start of the annual reporting period, taking account of any chan<span class=\"_ _0\"></span>ges in the net de\ue615ned bene\ue615t liability<span class=\"_ _0\"></span> during the period as a result of contributions and bene\ue615t pa<span class=\"_ _0\"></span>yments.\ue618e interest component of long-term termination bene\ue615ts comprises the imp<span class=\"_ _0\"></span>act of unwindin<span class=\"_ _0\"></span>g the liability<span class=\"_ _2\"></span>, as <span class=\"_ _0\"></span>well as the impact of the chang<span class=\"_ _0\"></span>ed discount rate<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>7 Income tax and other taxIncome tax on the pro\ue615t (loss) f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> comprises taxes paid or<span class=\"_ _2\"></span> accrued and deferred tax expense (income<span class=\"_ _0\"></span>). Income tax is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss e<span class=\"_ _0\"></span>xcept to the extent th<span class=\"_ _0\"></span>at it relates to items r<span class=\"_ _0\"></span>ecognized directly<span class=\"_ _0\"></span> in other compr<span class=\"_ _0\"></span>ehensive income,<span class=\"_ _2\"></span> in which case it is recognized in other<span class=\"_ _0\"></span> comprehensive income or<span class=\"_ _2\"></span> if<span class=\"_ _22\"></span> part of a business combination in w<span class=\"_ _0\"></span>hich case it is recognized ag<span class=\"_ _0\"></span>ainst goodwill.In determining the amount of taxes paid or<span class=\"_ _2\"></span> accrued and deferred tax expense (income<span class=\"_ _0\"></span>), the Comp<span class=\"_ _0\"></span>any tak<span class=\"_ _0\"></span>es into account the impact of uncertain tax positions and whether<span class=\"_ _2\"></span> additional taxes and interest may<span class=\"_ _0\"></span> be due.Other tax r<span class=\"_ _0\"></span>eceivables and li<span class=\"_ _0\"></span>abilities rela<span class=\"_ _0\"></span>te to other tax,<span class=\"_ _0\"></span> such as V<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> property tax and other<span class=\"_ _2\"></span> indirect taxes. <span class=\"_ _2\"></span>\ue618ey are carried at cost. Both curr<span class=\"_ _0\"></span>ent and other tax r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles are o\ue614set against current tax li<span class=\"_ _0\"></span>abilities, respectiv<span class=\"_ _0\"></span>ely other<span class=\"_ _0\"></span> tax liabilities when they rela<span class=\"_ _0\"></span>te to taxes levied b<span class=\"_ _0\"></span>y the same taxation authority<span class=\"_ _0\"></span> and are intended to be settled on a net basis and ther<span class=\"_ _0\"></span>e is a legal right to o\ue614set.50.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.1 Income taxes paid or accruedT<span class=\"_ _2\"></span>axes p<span class=\"_ _0\"></span>aid or accrue<span class=\"_ _0\"></span>d are the expected tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able on the taxable income for<span class=\"_ _2\"></span> the year<span class=\"_ _2\"></span>, using tax ra<span class=\"_ _0\"></span>tes enacted or<span class=\"_ _0\"></span> substan<span class=\"ws1\">-</span>tially enacted a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>, and any adjustment to tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able in respect of prev<span class=\"_ _0\"></span>ious ye<span class=\"_ _0\"></span>ars. Additional income tax<span class=\"_ _0\"></span>es that arise from the distribution of div<span class=\"_ _0\"></span>idends are recognize<span class=\"_ _0\"></span>d at the same time as the liability to p<span class=\"_ _0\"></span>ay the re<span class=\"_ _0\"></span>lated dividend.Current income tax for<span class=\"_ _2\"></span> current and prior periods are<span class=\"_ _0\"></span>, to the e<span class=\"_ _0\"></span>xtent unpaid, r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. If the amount alre<span class=\"_ _0\"></span>ady paid in respect of current and prior<span class=\"_ _2\"></span> periods exceeds the amount due for<span class=\"_ _0\"></span> those periods, the ex<span class=\"_ _0\"></span>cess is recognized as an as<span class=\"_ _0\"></span>set.50.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Deferred taxDeferred tax is calcula<span class=\"_ _0\"></span>ted using the balance sheet method,<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>iding for<span class=\"_ _0\"></span> temporary di\ue614erences bet<span class=\"_ _0\"></span>ween the carrying amount of assets and liabilities for<span class=\"_ _0\"></span> \ue615nancial reporting purposes and the amounts use<span class=\"_ _0\"></span>d for tax<span class=\"_ _0\"></span>ation purposes.\ue618e followin<span class=\"_ _0\"></span>g temporary di\ue614erences ar<span class=\"_ _0\"></span>e not prov<span class=\"_ _0\"></span>ided for: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">taxable tempor<span class=\"_ _0\"></span>ary di\ue614erences on the initial recognition of goodw<span class=\"_ _0\"></span>ill;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws1e\">the initial recognition of an asset or<span class=\"_ _0\"></span> liability in a tr<span class=\"_ _2\"></span>ansaction which is not a business combination and at the time of the </span></span>transaction,<span class=\"_ _2\"></span> a\ue614ects neither accounting pro\ue615t nor<span class=\"_ _0\"></span> taxable pro\ue615t (<span class=\"_ _0\"></span>tax loss); and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 lsa ws2b\">di\ue614erences rela<span class=\"_ _0\"></span>ting to inves<span class=\"_ _0\"></span>tments in subsidiaries to the extent tha<span class=\"_ _0\"></span>t they will prob<span class=\"_ _0\"></span>ably not rev<span class=\"_ _0\"></span>erse in the foresee<span class=\"_ _0\"></span>able future<span class=\"_ _2\"></span>.</span></span>\ue618e amount of deferred tax pro<span class=\"_ _0\"></span>vided is base<span class=\"_ _0\"></span>d on the expected manner<span class=\"_ _0\"></span> of realiza<span class=\"_ _0\"></span>tion or settlement of the carrying amount of assets and liabilities, usin<span class=\"_ _0\"></span>g tax rates ena<span class=\"_ _0\"></span>cted or s<span class=\"_ _0\"></span>ubstantially enacted a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>. A deferr<span class=\"_ _0\"></span>ed tax asset is recog<span class=\"ws1\">-</span>nized only to the e<span class=\"_ _0\"></span>xtent that it is proba<span class=\"_ _0\"></span>ble that future tax<span class=\"_ _0\"></span>able pro\ue615ts will be a<span class=\"_ _0\"></span>vail<span class=\"_ _0\"></span>able against which the deductible tem<span class=\"ws1\">-</span>porary di\ue614er<span class=\"_ _0\"></span>ences, unused tax losses and cr<span class=\"_ _0\"></span>edits can be utilized.<span class=\"_ _0\"></span> Deferred tax assets ar<span class=\"_ _0\"></span>e reduced to the e<span class=\"_ _0\"></span>xtent that it is no longer<span class=\"_ _0\"></span> probable th<span class=\"_ _0\"></span>at the rela<span class=\"_ _0\"></span>ted tax bene\ue615t will be re<span class=\"_ _2\"></span>alized.Deferred tax assets and def<span class=\"_ _0\"></span>erred tax liabilities ar<span class=\"_ _0\"></span>e o\ue614set in the statement of \ue615nancial position if the entity has a leg<span class=\"_ _0\"></span>al right to settle current tax amounts on a net basis and the deferr<span class=\"_ _0\"></span>ed tax amounts are levie<span class=\"_ _0\"></span>d by the same taxing authorit<span class=\"_ _0\"></span>y on the same entity that intend to r<span class=\"_ _0\"></span>ealize the asset and settle the li<span class=\"_ _0\"></span>ability at the same time<span class=\"_ _2\"></span>.50.8 Goodwill and intangible assets with inde\ue61fnite useful livesGoodwill is meas<span class=\"_ _0\"></span>ured at cost less a<span class=\"_ _0\"></span>ccumulated impairment los<span class=\"_ _0\"></span>ses. In respect of equity<span class=\"_ _0\"></span>-accounted inv<span class=\"_ _0\"></span>estees, the carryin<span class=\"_ _0\"></span>g amount of goodwill is included in the carrying amount <span class=\"_ _0\"></span>of the investment,<span class=\"_ _0\"></span> and any imp<span class=\"_ _0\"></span>airment loss is allocated to the car<span class=\"_ _2\"></span><span class=\"ws1\">-</span>rying amount of the equity-accounte<span class=\"_ _0\"></span>d investee as a <span class=\"_ _0\"></span>whole<span class=\"_ _0\"></span>.Intangible assets with inde\ue615nite usef<span class=\"_ _0\"></span>ul lives, such as tr<span class=\"_ _2\"></span>ademarks, are s<span class=\"_ _0\"></span>tated at cost less accumul<span class=\"_ _0\"></span>ated impairment losses.Intangible assets with inde\ue615nite usef<span class=\"_ _0\"></span>ul lives are not amortize<span class=\"_ _0\"></span>d. Inste<span class=\"_ _0\"></span>ad, they ar<span class=\"_ _0\"></span>e tested for<span class=\"_ _0\"></span> impairment annually and <span class=\"_ _0\"></span>when<span class=\"ws1\">-</span>ever<span class=\"_ _0\"></span> there is an indication that the intangible as<span class=\"_ _0\"></span>set may be imp<span class=\"_ _0\"></span>aired.50.9 Intangible assets with \ue61fnite useful lives50.9.<span class=\"_ _2\"></span>1 Recognition and measurementIntangible assets with \ue615nite usef<span class=\"_ _0\"></span>ul lives are state<span class=\"_ _0\"></span>d at cost less accumula<span class=\"_ _0\"></span>ted amortization and impairment losses.Resear<span class=\"_ _0\"></span>ch and development costs are e<span class=\"_ _0\"></span>xpensed as they are incurr<span class=\"_ _0\"></span>ed, e<span class=\"_ _0\"></span>xcept for<span class=\"_ _0\"></span> certain development costs,<span class=\"_ _0\"></span> which are cap<span class=\"ws1\">-</span>italized when it is pr<span class=\"_ _0\"></span>obable that a dev<span class=\"_ _0\"></span>elopment project w<span class=\"_ _0\"></span>ill be a success, and certain criteri<span class=\"_ _0\"></span>a, including technological and commercial fe<span class=\"_ _0\"></span>asibility<span class=\"_ _2\"></span>, ha<span class=\"_ _0\"></span>ve been met. C<span class=\"_ _0\"></span>apitalized deve<span class=\"_ _0\"></span>lopment costs are amortized on a s<span class=\"_ _2\"></span>ystematic basis over<span class=\"_ _2\"></span> their expe<span class=\"_ _22\"></span>cted useful lives.In accordance <span class=\"_ _0\"></span>with IFRS 3 <span class=\"ff11 wsf5\">Busines<span class=\"_ _0\"></span>s combinat<span class=\"_ _0\"></span>ions<span class=\"ff1 wsd8\">, if an intangible asset is acquir<span class=\"_ _0\"></span>ed in a business combination,<span class=\"_ _0\"></span> the cost of </span></span>that intangible asset is its f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue at the acquisition date.<span class=\"_ _2\"></span> \ue618e fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of an intangible asset re\ue617ects mark<span class=\"_ _0\"></span>et expectations about the proba<span class=\"_ _0\"></span>bility that the futur<span class=\"_ _0\"></span>e economic bene\ue615ts embodied in the asset will \ue617o<span class=\"_ _0\"></span>w to the entity<span class=\"_ _2\"></span>.50.9.2 Subsequent expenditureSubsequent expenditure is capitaliz<span class=\"_ _0\"></span>ed only when it incre<span class=\"_ _2\"></span>ases the future economic bene\ue615ts embodied in the speci\ue615c asset to which it rel<span class=\"_ _0\"></span>ates. All other<span class=\"_ _2\"></span> expenditure is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss as incurr<span class=\"_ _0\"></span>ed.50.9.3 AmortizationIntangible assets with \ue615nite usef<span class=\"_ _0\"></span>ul lives, such as a<span class=\"_ _0\"></span>cquired technology and customer<span class=\"_ _0\"></span> rela<span class=\"_ _0\"></span>tionships are amortized on a straig<span class=\"_ _0\"></span>ht-line basis over<span class=\"_ _2\"></span> their estimated useful liv<span class=\"_ _0\"></span>es, gener<span class=\"_ _2\"></span>ally for periods r<span class=\"_ _0\"></span>anging from \ue615ve to 1<span class=\"_ _0\"></span>5 ye<span class=\"_ _0\"></span>ars. Amortiza<span class=\"_ _0\"></span>tion meth<span class=\"ws1\">-</span>ods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _2\"></span>alues are reviewed at e<span class=\"_ _2\"></span>ach reporting date and adjusted if appropri<span class=\"_ _0\"></span>ate.50.<span class=\"_ _2\"></span>10 Prop<span class=\"_ _22\"></span>erty<span class=\"_ _1\"></span>, plant and equipment50.<span class=\"_ _2\"></span>10.1 Recognition and measurementItems of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equipment are measur<span class=\"_ _0\"></span>ed at cost less accumul<span class=\"_ _0\"></span>ated deprecia<span class=\"_ _0\"></span>tion and impairment losses.\ue618e cost of an item of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equipment comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">its purchase price<span class=\"_ _2\"></span>, including import duties and non-refundable pur<span class=\"_ _0\"></span>chase taxes;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws36\">any costs dir<span class=\"_ _0\"></span>ectly attributable to bringing the as<span class=\"_ _0\"></span>set to the location and condition necessary for<span class=\"_ _0\"></span> it to be capable of opera<span class=\"_ _0\"></span>t<span class=\"ws1\">-</span></span></span>ing in the manner<span class=\"_ _0\"></span> intended by manag<span class=\"_ _0\"></span>ement; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws14\">the initial estimate of the costs of dismantling and r<span class=\"_ _0\"></span>emoving the item and r<span class=\"_ _0\"></span>estoring the site on which it is loca<span class=\"_ _0\"></span>ted, the </span></span>obligation for<span class=\"_ _0\"></span> which the Comp<span class=\"_ _0\"></span>any incurs either<span class=\"_ _0\"></span> when the item is acquir<span class=\"_ _0\"></span>ed, or<span class=\"_ _0\"></span> as a consequence of having <span class=\"_ _0\"></span>used the item during a particular<span class=\"_ _2\"></span> period for purposes other than to pr<span class=\"_ _0\"></span>oduce inventories durin<span class=\"_ _0\"></span>g that period; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">capitalized borro<span class=\"_ _0\"></span>wing costs.</span></span>For<span class=\"_ _2\"></span> self-constructed assets, dir<span class=\"_ _0\"></span>ectly attributable costs are dir<span class=\"_ _0\"></span>ect cost of materials,<span class=\"_ _0\"></span> direct manufa<span class=\"_ _0\"></span>cturing expenses, appr<span class=\"_ _0\"></span>o<span class=\"ws1\">-</span>priate allocations of material and m<span class=\"_ _0\"></span>anufacturing ov<span class=\"_ _0\"></span>erheads,<span class=\"_ _0\"></span> and an appropriate sh<span class=\"_ _0\"></span>are of the depreciation of assets used in construction. It includes the sh<span class=\"_ _0\"></span>are of expenses for<span class=\"_ _0\"></span> compan<span class=\"_ _0\"></span>y pension plans and discretionary employ<span class=\"_ _0\"></span>ee bene\ue615ts that are attributable to construction and capitaliz<span class=\"_ _0\"></span>ed borrow<span class=\"_ _0\"></span>ing costs.50.<span class=\"_ _2\"></span>10.2 Subsequent exp<span class=\"_ _22\"></span>enditureExpenses for<span class=\"_ _0\"></span> the repair<span class=\"_ _0\"></span> and maintenance of property<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment are usu<span class=\"_ _0\"></span>ally expensed as incurre<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618ey are,<span class=\"_ _0\"></span> howev<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>, capitalized when they incr<span class=\"_ _0\"></span>ease the futur<span class=\"_ _0\"></span>e economic bene\ue615ts embodied in the item of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equip<span class=\"ws1\">-</span>ment.50.<span class=\"_ _2\"></span>10.3 DepreciationProperty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment is depreciate<span class=\"_ _0\"></span>d on a straight-line b<span class=\"_ _0\"></span>asis over<span class=\"_ _2\"></span> the estimated useful life of the item. F<span class=\"_ _2\"></span>or leased assets, the depr<span class=\"_ _0\"></span>eciation period is the estimated usef<span class=\"_ _0\"></span>ul life of the asset, or<span class=\"_ _0\"></span> the lease term if shorter<span class=\"_ _2\"></span>.\ue618e estimated useful liv<span class=\"_ _0\"></span>es of the respective asset categ<span class=\"_ _0\"></span>ories are as follo<span class=\"_ _0\"></span>ws:Buildings<span class=\"_ _13d\"> </span>\ue61f\ue61e to \ue618\ue61e yearsOutdoor infrastructure<span class=\"_ _155\"> </span>\ue61d\ue61e to \ue61f\ue61e yearsPlant installations<span class=\"_ _1d4\"> </span>\ue617 to \ue61f\ue61e yearsMachinery and equipment<span class=\"_ _2c0\"> </span>\ue617 to \ue61d\ue61f yearsLaboratory and research facilities<span class=\"_ _2be\"> </span>\ue61a to \ue618 yearsV<span class=\"_ _2\"></span>ehicles<span class=\"_ _199\"> </span>\ue616 to \ue61c yearsComputer equipment<span class=\"_ _297\"> </span>\ue61a to \ue618 yearsFurniture and \ue614xtures<span class=\"_ _33a\"> </span>\ue616 to \ue61d\ue61e yearsDepreciation methods,<span class=\"_ _0\"></span> useful lives and residu<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alues are review<span class=\"_ _0\"></span>ed at ea<span class=\"_ _0\"></span>ch reporting date and a<span class=\"_ _0\"></span>djusted if appropriate<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>11 Non-current assets held for sale\ue618e Group classi\ue615es an asset (<span class=\"_ _0\"></span>or disposal gr<span class=\"_ _0\"></span>oup) as held for<span class=\"_ _0\"></span> sale if its carrying amount will be r<span class=\"_ _0\"></span>ecovere<span class=\"_ _0\"></span>d principally throug<span class=\"_ _0\"></span>h a sale transaction r<span class=\"_ _2\"></span>ather than through continuin<span class=\"_ _0\"></span>g use.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> this to be the case, the asset (<span class=\"_ _0\"></span>or disposal gr<span class=\"_ _0\"></span>oup) must be av<span class=\"_ _2\"></span>ailable for imme<span class=\"_ _0\"></span>diate sale in its present condition subject only to terms th<span class=\"_ _0\"></span>at are usual and cus<span class=\"_ _0\"></span>tomary for sale of such assets (<span class=\"_ _0\"></span>or disposal groups) and its sale must be hig<span class=\"_ _0\"></span>hly probable<span class=\"_ _2\"></span>.Immediately bef<span class=\"_ _0\"></span>ore classi\ue615cation as held f<span class=\"_ _0\"></span>or sale<span class=\"_ _2\"></span>, the Group measur<span class=\"_ _0\"></span>es the carrying amount of the asset (or<span class=\"_ _0\"></span> all the assets and liabilities in the disposal group<span class=\"_ _0\"></span>) in accordance <span class=\"_ _0\"></span>with applicable IFRS.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618en, on initial clas<span class=\"_ _0\"></span>si\ue615cation as held for<span class=\"_ _0\"></span> sale,<span class=\"_ _2\"></span> assets and disposal groups are r<span class=\"_ _0\"></span>ecognized at the low<span class=\"_ _0\"></span>er of their<span class=\"_ _0\"></span> carrying amount and fair<span class=\"_ _2\"></span> value less costs to sell.<span class=\"_ _0\"></span> Impairment losses are recogniz<span class=\"_ _0\"></span>ed for an<span class=\"_ _2\"></span>y initial or subsequent write-do<span class=\"_ _0\"></span>wn of the asset (or<span class=\"_ _0\"></span> disposal group) to f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue less costs to sell. Assets classi\ue615ed as held for<span class=\"_ _2\"></span> sale are no longer amortiz<span class=\"_ _0\"></span>ed or depr<span class=\"_ _0\"></span>eciated.50.<span class=\"_ _2\"></span>12 Financial instruments50.<span class=\"_ _2\"></span>12.1 Financial assetsFinancial assets comprise equity and de<span class=\"_ _0\"></span>bt instruments in another entit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, cash and cash equiv<span class=\"_ _0\"></span>alents, lo<span class=\"_ _0\"></span>ans receiv<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> trade receiv<span class=\"_ _0\"></span>ables, r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles under \ue615nance le<span class=\"_ _0\"></span>ases and other r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles as well as deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments.\ue618e Group initially r<span class=\"_ _0\"></span>ecognizes loans and receiv<span class=\"_ _2\"></span>ables on the date that they are origin<span class=\"_ _0\"></span>ated. <span class=\"_ _0\"></span>All other non-deriv<span class=\"_ _2\"></span>ative \ue615nancial assets are recogniz<span class=\"_ _0\"></span>ed on the tra<span class=\"_ _0\"></span>de date when the Gr<span class=\"_ _0\"></span>oup becomes a party to the contr<span class=\"_ _0\"></span>actual pro<span class=\"_ _0\"></span>visions of the instrument.A tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>able without signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancing is initially me<span class=\"_ _0\"></span>asured at its f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue plus any transa<span class=\"_ _0\"></span>ction costs that are di<span class=\"ws1\">-</span>rectly attributable to the a<span class=\"_ _0\"></span>cquisition of the \ue615nancial assets. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rel<span class=\"_ _0\"></span>ated to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t and los<span class=\"_ _0\"></span>s are recognize<span class=\"_ _0\"></span>d in the income statement.\ue618e Group derecogniz<span class=\"_ _0\"></span>es a \ue615nancial asset when the contr<span class=\"_ _2\"></span>actual rights to the cash \ue617ows from the asset e<span class=\"_ _0\"></span>xpire<span class=\"_ _0\"></span>, or<span class=\"_ _0\"></span> when it transfers the rig<span class=\"_ _0\"></span>hts to receive the contr<span class=\"_ _0\"></span>actual cash \ue617ow<span class=\"_ _0\"></span>s on a \ue615nancial asset in a tr<span class=\"_ _0\"></span>ansaction in which substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _2\"></span>ards of ownership of the \ue615nancial asset are tr<span class=\"_ _2\"></span>ansferred. In a tr<span class=\"_ _0\"></span>ansaction where an entit<span class=\"_ _0\"></span>y neither tr<span class=\"_ _2\"></span>ansfers nor retains substantially<span class=\"_ _0\"></span> all of the risks and rew<span class=\"_ _0\"></span>ards of ow<span class=\"_ _0\"></span>nership of a \ue615nancial asset, the r<span class=\"_ _0\"></span>elated asset is der<span class=\"_ _0\"></span>ecognized in case the entity lost control of the asset.<span class=\"_ _2\"></span> Financial assets and liabilities are o\ue614set and the net amount presented in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position when,<span class=\"_ _0\"></span> and only when, the Gr<span class=\"_ _0\"></span>oup has a legal right to o\ue614set the amounts and intends either<span class=\"_ _2\"></span> to settle on a net basis or<span class=\"_ _0\"></span> to realiz<span class=\"_ _0\"></span>e the asset and settle the liability simultaneously<span class=\"_ _2\"></span>.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of non-deriv<span class=\"_ _2\"></span>ative \ue615nancial assets: \ue615nancial assets a<span class=\"_ _0\"></span>t amortized cost and \ue615nancial assets at fair<span class=\"_ _2\"></span> value through other<span class=\"_ _0\"></span> comprehensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _0\"></span> Its classi\ue615cation r<span class=\"_ _0\"></span>e\ue617ects the business model in which the assets are manag<span class=\"_ _0\"></span>ed and their cash \ue617o<span class=\"_ _0\"></span>w char<span class=\"_ _0\"></span>acteristics.A. Financial assets at amortized costA \ue615nancial asset is s<span class=\"_ _0\"></span>ubsequently measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t if it is held within a business model w<span class=\"_ _0\"></span>hose objective is to hold \ue615nancial assets in or<span class=\"_ _0\"></span>der to collect contr<span class=\"_ _2\"></span>actual cash \ue617ows and the contractu<span class=\"_ _0\"></span>al terms of the \ue615nancial asset give rise on speci<span class=\"ws1\">-</span>\ue615ed dates to cash \ue617ow<span class=\"_ _0\"></span>s that are solely p<span class=\"_ _0\"></span>ayments of principal and inter<span class=\"_ _0\"></span>est on the principal amount outstanding<span class=\"_ _2\"></span>.All the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s receiv<span class=\"_ _0\"></span>ables \u2013 tra<span class=\"_ _0\"></span>de receiv<span class=\"_ _0\"></span>ables, receiv<span class=\"_ _2\"></span>ables under \ue615nance le<span class=\"_ _0\"></span>ases as well as other<span class=\"_ _0\"></span> receiv<span class=\"_ _2\"></span>ables \u2013 and cash and cash equivalents \ue615t into af<span class=\"_ _0\"></span>orementioned de\ue615nition and are consequently me<span class=\"_ _2\"></span>asured at amortized cost.B. Financial assets at fair value through other comprehensive income (FVOCI)A debt instrument is me<span class=\"_ _2\"></span>asured at fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough other compr<span class=\"_ _0\"></span>ehensive income if it is held w<span class=\"_ _0\"></span>ithin a business model whose objective is achiev<span class=\"_ _0\"></span>ed by both collecting contr<span class=\"_ _2\"></span>actual cash \ue617ows and selling \ue615nancial assets and the contr<span class=\"_ _2\"></span>actual terms of the \ue615nancial asset give rise on speci\ue615e<span class=\"_ _0\"></span>d dates to cash \ue617ows th<span class=\"_ _0\"></span>at are solely p<span class=\"_ _0\"></span>ayments of principal and inter<span class=\"_ _0\"></span>est on the principal amount outstanding<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t income calculated using the e\ue614ectiv<span class=\"_ _0\"></span>e interest method,<span class=\"_ _0\"></span> foreign ex<span class=\"_ _0\"></span>change gains and losses and impairment are r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss. Other net gains and los<span class=\"_ _0\"></span>ses are recognize<span class=\"_ _0\"></span>d in OCI. On derecognition,<span class=\"_ _0\"></span> gains and losses accumulate<span class=\"_ _0\"></span>d in OCI are reclassi\ue615e<span class=\"_ _0\"></span>d to pro\ue615t or<span class=\"_ _0\"></span> loss.\ue618e Group has made an irr<span class=\"_ _0\"></span>evocable election for<span class=\"_ _2\"></span> the investment in Digital Illustr<span class=\"_ _0\"></span>ate Inc. to clas<span class=\"_ _0\"></span>sify it as FV<span class=\"_ _0\"></span>OCI. <span class=\"_ _2\"></span>\ue618e impact of subsequent measur<span class=\"_ _0\"></span>ement of this investment in equity<span class=\"_ _0\"></span> securities is re\ue617ected in OCI under<span class=\"_ _0\"></span> \u2018Other<span class=\"_ _2\"></span> reserves\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618is item in OCI will not be recl<span class=\"_ _0\"></span>assi\ue615ed subsequently to pro\ue615t or<span class=\"_ _2\"></span> loss.50.<span class=\"_ _2\"></span>12.2 Financial liabilitiesFinancial liabilities comprise debentur<span class=\"_ _0\"></span>es, uncommitted b<span class=\"_ _0\"></span>ank facilities,<span class=\"_ _0\"></span> revolv<span class=\"_ _0\"></span>ing and other cr<span class=\"_ _0\"></span>edit facilities,<span class=\"_ _0\"></span> tra<span class=\"_ _0\"></span>de and other pay<span class=\"_ _2\"></span>ables as well as deriv<span class=\"_ _0\"></span>ative \ue615nancial instr<span class=\"_ _0\"></span>uments.Financial liabilities ar<span class=\"_ _0\"></span>e recognized initially<span class=\"_ _0\"></span> at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue on the trade da<span class=\"_ _0\"></span>te at which the Group becomes a p<span class=\"_ _0\"></span>arty to the con<span class=\"ws1\">-</span>tractu<span class=\"_ _0\"></span>al provisions of the instr<span class=\"_ _0\"></span>ument.At initial recognition,<span class=\"_ _2\"></span> the Group measures its \ue615nancial li<span class=\"_ _0\"></span>abilities at its fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue less any tr<span class=\"_ _2\"></span>ansaction costs that are directly attributable to the issuance of the \ue615nanci<span class=\"_ _0\"></span>al liability<span class=\"_ _2\"></span>.Non-deriv<span class=\"_ _0\"></span>ative \ue615nancial lia<span class=\"_ _0\"></span>bilities are subsequently me<span class=\"_ _0\"></span>asured at amortiz<span class=\"_ _0\"></span>ed cost ex<span class=\"_ _0\"></span>cept for \ue615n<span class=\"_ _0\"></span>ancial liabilities that arise w<span class=\"_ _0\"></span>hen a transfer<span class=\"_ _2\"></span> of a \ue615nancial asset does not qualify for de-r<span class=\"_ _0\"></span>ecognition or when the continuin<span class=\"_ _0\"></span>g involv<span class=\"_ _0\"></span>ement approach applies.Interest-be<span class=\"_ _0\"></span>aring loans and borro<span class=\"_ _0\"></span>wings are s<span class=\"_ _0\"></span>tated at amortized cos<span class=\"_ _0\"></span>t with any<span class=\"_ _0\"></span> di\ue614erence betw<span class=\"_ _0\"></span>een the initial amount and the maturity amount being r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss over the e<span class=\"_ _0\"></span>xpected life of the instrument on an e\ue614ectiv<span class=\"_ _0\"></span>e interest r<span class=\"_ _0\"></span>ate basis.If a transfer<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> a \ue615nancial asset does not res<span class=\"_ _0\"></span>ult in de-recognition because the entity has r<span class=\"_ _0\"></span>etained substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _0\"></span>ards of ownership of the tr<span class=\"_ _2\"></span>ansferred asset, the Group continues to r<span class=\"_ _0\"></span>ecognize the tr<span class=\"_ _0\"></span>ansferred asset in its entir<span class=\"_ _0\"></span>ety and recognizes a \ue615nanci<span class=\"_ _0\"></span>al liability for<span class=\"_ _2\"></span> the consideration receive<span class=\"_ _0\"></span>d. In subsequent periods,<span class=\"_ _0\"></span> the Group recogniz<span class=\"_ _0\"></span>ed any income on the transferr<span class=\"_ _0\"></span>ed asset and any<span class=\"_ _0\"></span> expense incurred on the \ue615n<span class=\"_ _0\"></span>ancial liability<span class=\"_ _2\"></span>.If the Group neither tr<span class=\"_ _2\"></span>ansfers nor retains substanti<span class=\"_ _0\"></span>ally all the risks and rew<span class=\"_ _2\"></span>ards of ownership of a transferr<span class=\"_ _0\"></span>ed asset, and retains control of the tr<span class=\"_ _0\"></span>ansferred asset,<span class=\"_ _2\"></span> the entity continues to recognize the transf<span class=\"_ _0\"></span>erred asset to the extent of its continuing involv<span class=\"_ _0\"></span>ement and recognizes an as<span class=\"_ _0\"></span>sociated liability<span class=\"_ _1\"></span>. \ue618e e<span class=\"_ _0\"></span>xtent of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s continuing involv<span class=\"_ _0\"></span>ement in the transferr<span class=\"_ _0\"></span>ed asset is the extent to which it is e<span class=\"_ _0\"></span>xposed to changes in the <span class=\"_ _0\"></span>value of the tr<span class=\"_ _0\"></span>ansferred as<span class=\"_ _0\"></span>set.\ue618e transferr<span class=\"_ _0\"></span>ed asset and the associate<span class=\"_ _0\"></span>d liability ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d on a basis that re\ue617ects the rig<span class=\"_ _0\"></span>hts and obligations that the en<span class=\"ws1\">-</span>tity has retaine<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e associated liability is me<span class=\"_ _0\"></span>asured in such a w<span class=\"_ _2\"></span>ay that the net carrying amount of the tr<span class=\"_ _0\"></span>ansferred asset and the associated lia<span class=\"_ _0\"></span>bility is the amortized cost of the rights and oblig<span class=\"_ _0\"></span>ations retained b<span class=\"_ _0\"></span>y the Group assuming the tr<span class=\"_ _2\"></span>ansferred asset is measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t.\ue618e Group de-recogniz<span class=\"_ _0\"></span>es a \ue615nancial liability <span class=\"_ _0\"></span>when its contra<span class=\"_ _0\"></span>ctual obligations are dischar<span class=\"_ _0\"></span>ged, cance<span class=\"_ _0\"></span>lled or e<span class=\"_ _0\"></span>xpired.<span class=\"_ _0\"></span> \ue618e Group also de-recogniz<span class=\"_ _0\"></span>es a \ue615nancial liability<span class=\"_ _0\"></span> when the terms are modi\ue615ed and the cash \ue617o<span class=\"_ _0\"></span>ws of the modi\ue615ed liability ar<span class=\"_ _0\"></span>e substantially di\ue614er<span class=\"_ _0\"></span>ent, in w<span class=\"_ _0\"></span>hich case a new \ue615nancial liability<span class=\"_ _0\"></span> based on modi\ue615ed terms is r<span class=\"_ _0\"></span>ecognized at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. On de-r<span class=\"_ _0\"></span>ec<span class=\"ws1\">-</span>ognition of the \ue615nancial liability<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the di\ue614erence betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _2\"></span>ation paid is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss.50.<span class=\"_ _2\"></span>12.3 Derivative \ue61fnancial instruments and hedge accounting\ue618e Group uses deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments primarily to manag<span class=\"_ _0\"></span>e its exposure to f<span class=\"_ _0\"></span>oreign currency risks and price changes in commodities arising fr<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, \ue615nancing and in<span class=\"_ _0\"></span>vestment activ<span class=\"_ _0\"></span>ities.\ue618e Group uses follow<span class=\"_ _0\"></span>ing types of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts used for hedging<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>wap contracts use<span class=\"_ _0\"></span>d for hedgin<span class=\"_ _0\"></span>g and other forw<span class=\"_ _0\"></span>ard e<span class=\"_ _0\"></span>xchange contr<span class=\"_ _2\"></span>acts and swap contr<span class=\"_ _2\"></span>acts.\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge the <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>ability in cash \ue617ows arisin<span class=\"_ _0\"></span>g from changes in f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>change r<span class=\"_ _2\"></span>ates relating to future sales.<span class=\"_ _2\"></span> \ue618e Group also uses metal s<span class=\"_ _0\"></span>wap agr<span class=\"_ _0\"></span>eements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposur<span class=\"_ _0\"></span>e to \ue617uctu<span class=\"ls1 ws1\">-</span>ations in commodity prices re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted purchases of aluminum.<span class=\"_ _0\"></span> \ue618e contr<span class=\"_ _2\"></span>acts are designated as cash \ue617ow hedg<span class=\"_ _0\"></span>es and are held for<span class=\"_ _0\"></span> the purpose of the receipt of commodities in accord<span class=\"_ _0\"></span>ance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected<span class=\"_ _0\"></span> usage of aluminum.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments th<span class=\"_ _0\"></span>at are not designate<span class=\"_ _0\"></span>d as cash \ue617ow hedges ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss. In accor<span class=\"_ _2\"></span>dance with its treasury policy<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup does not currently hold or<span class=\"_ _0\"></span> issue deriv<span class=\"_ _2\"></span>atives for tr<span class=\"_ _0\"></span>ading purposes.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e initially recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value on the date at w<span class=\"_ _0\"></span>hich a derivativ<span class=\"_ _0\"></span>e contract is enter<span class=\"_ _0\"></span>ed into (tr<span class=\"_ _0\"></span>ade date<span class=\"_ _0\"></span>) and are subsequently r<span class=\"_ _0\"></span>e-measure<span class=\"_ _0\"></span>d at their f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. In case cash \ue617o<span class=\"_ _0\"></span>w hedge or<span class=\"_ _0\"></span> net inv<span class=\"_ _0\"></span>estment hedge accounting is applied,<span class=\"_ _0\"></span> the e\ue614ective portion of any g<span class=\"_ _0\"></span>ain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rela<span class=\"_ _0\"></span>ted to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t and loss are recogniz<span class=\"_ _0\"></span>ed in the income statement.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: deriv<span class=\"_ _2\"></span>atives not formally designated as hedgin<span class=\"_ _0\"></span>g instruments and cash \ue617ow he<span class=\"_ _0\"></span>dging instruments.A. Hedging instruments\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contra<span class=\"_ _0\"></span>cts and sw<span class=\"_ _0\"></span>ap contra<span class=\"_ _0\"></span>cts, that ar<span class=\"_ _0\"></span>e formally designated as cash \ue617o<span class=\"_ _0\"></span>w hedging instr<span class=\"_ _0\"></span>u<span class=\"ws1\">-</span>ments, are s<span class=\"_ _0\"></span>ubsequently re-meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.Cash \ue617ow hedg<span class=\"_ _0\"></span>e accounting is applied to all hedg<span class=\"_ _0\"></span>es that qualify for<span class=\"_ _0\"></span> hedge accountin<span class=\"_ _0\"></span>g when require<span class=\"_ _0\"></span>d documentation of the hedging rel<span class=\"_ _0\"></span>ationship is in place and when the hedg<span class=\"_ _0\"></span>e is determined to be e\ue614ective<span class=\"_ _2\"></span>. When hedge accountin<span class=\"_ _0\"></span>g is applied, the e\ue614ective portion of any<span class=\"_ _0\"></span> gain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss.With r<span class=\"_ _0\"></span>egard to hedg<span class=\"_ _0\"></span>e accounting,<span class=\"_ _0\"></span> the Group applies the requir<span class=\"_ _0\"></span>ements of IFRS 9. <span class=\"_ _2\"></span>\ue618is standard requires the Gr<span class=\"_ _0\"></span>oup to en<span class=\"ws1\">-</span>sure that he<span class=\"_ _0\"></span>dge accounting re<span class=\"_ _0\"></span>lationships are aligned <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk manag<span class=\"_ _0\"></span>ement objectives and str<span class=\"_ _0\"></span>ategy and to apply a more qualitativ<span class=\"_ _0\"></span>e and forwar<span class=\"_ _0\"></span>d looking appro<span class=\"_ _0\"></span>ach to assessing hedg<span class=\"_ _0\"></span>e e\ue614ectiveness.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group uses forwar<span class=\"_ _2\"></span>d exchange contracts to he<span class=\"_ _0\"></span>dge the v<span class=\"_ _0\"></span>ariability in cash \ue617o<span class=\"_ _0\"></span>ws arising from chan<span class=\"_ _0\"></span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates r<span class=\"_ _0\"></span>elating to futur<span class=\"_ _0\"></span>e sales. <span class=\"_ _2\"></span>\ue618e Group currently design<span class=\"_ _0\"></span>ates only the change of the spot element of the forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contract as the hedgin<span class=\"_ _0\"></span>g instru<span class=\"ws1\">-</span>ment in cash \ue617ow hedging r<span class=\"_ _0\"></span>elationships.<span class=\"_ _0\"></span> Under IFR<span class=\"_ _0\"></span>S 9, the chang<span class=\"_ _0\"></span>e in the fair <span class=\"_ _0\"></span>value of the forw<span class=\"_ _2\"></span>ard element (\u2018f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d points\u2019) is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss and re\ue617ected in <span class=\"_ _0\"></span>\u2018Net \ue615nance costs.<span class=\"_ _1\"></span>\u2019\ue618e Group also uses metal sw<span class=\"_ _2\"></span>ap agreements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to \ue617uctu<span class=\"_ _0\"></span>ations in commodity prices rel<span class=\"_ _0\"></span>ated to highly prob<span class=\"_ _0\"></span>able forecasted pur<span class=\"_ _0\"></span>chases of aluminum.\ue618e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges and are he<span class=\"_ _0\"></span>ld for the purpose of the receipt of commodities in accor<span class=\"_ _2\"></span>dance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected usag<span class=\"_ _0\"></span>e of aluminum. Under<span class=\"_ _0\"></span> IFRS 9 as well as under<span class=\"_ _2\"></span> IAS 39, the amounts accumulated in the cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve are remo<span class=\"_ _0\"></span>ved fr<span class=\"_ _0\"></span>om OCI and included in the initial carrying amount of the inv<span class=\"_ _0\"></span>entory purchased.\ue618e types of hedge accountin<span class=\"_ _0\"></span>g transactions tha<span class=\"_ _0\"></span>t the Group currently design<span class=\"_ _0\"></span>ates meet the requirements of IFRS 9 and ar<span class=\"_ _0\"></span>e aligned with the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk management str<span class=\"_ _0\"></span>ategy and objectives.If the hedge no longer<span class=\"_ _2\"></span> meets the criteria for hedge a<span class=\"_ _0\"></span>ccounting or the hedgin<span class=\"_ _0\"></span>g instrument is sold, e<span class=\"_ _0\"></span>xpires, is termin<span class=\"_ _0\"></span>ated or exer<span class=\"_ _0\"></span>cised, then hedg<span class=\"_ _0\"></span>e accounting is discontinued prospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>When hedge accounting f<span class=\"_ _0\"></span>or cash \ue617ow<span class=\"_ _0\"></span> hedges is discontin<span class=\"ws1\">-</span>ued, the amount tha<span class=\"_ _0\"></span>t has been accumulated in hedg<span class=\"_ _0\"></span>e reserve rem<span class=\"_ _0\"></span>ains in other compre<span class=\"_ _0\"></span>hensive income until, for<span class=\"_ _2\"></span> a hedge of a transaction r<span class=\"_ _0\"></span>esulting in the recognition of a non-\ue615nancial item,<span class=\"_ _2\"></span> it is included in the non-\ue615nancial item<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s initial cost or for<span class=\"_ _2\"></span> other cash \ue617o<span class=\"_ _0\"></span>w hedges,<span class=\"_ _0\"></span> it is reclassi\ue615ed to pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s in the same period or periods as the hedg<span class=\"_ _0\"></span>ed expected f<span class=\"_ _0\"></span>uture cash \ue617ows a\ue614ect pr<span class=\"_ _0\"></span>o\ue615t or loss.If the hedged futur<span class=\"_ _0\"></span>e cash \ue617ows are no long<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xpected to occur<span class=\"_ _2\"></span>, then the amounts that ha<span class=\"_ _0\"></span>ve been accumulated in the he<span class=\"_ _0\"></span>dge reserve are immedi<span class=\"_ _0\"></span>ately reclas<span class=\"_ _0\"></span>si\ue615ed to pro\ue615t or<span class=\"_ _0\"></span> loss.B. Mandatory at FVTPLDeriva<span class=\"_ _0\"></span>tive \ue615nancial instruments <span class=\"_ _0\"></span>that are economic hedg<span class=\"_ _0\"></span>es but that do not meet the hedge a<span class=\"_ _0\"></span>ccounting criteria of IFRS 9 are categorize<span class=\"_ _0\"></span>d as Mandatory at FVTPL<span class=\"_ _0\"></span> and are accounted f<span class=\"_ _0\"></span>or as \ue615nancial as<span class=\"_ _0\"></span>sets or liabilities a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss. \ue618e impact in pro\ue615t or<span class=\"_ _2\"></span> loss is re\ue617ected in either <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> operating income/<span class=\"_ _1\"></span>expense\u2019 or<span class=\"_ _2\"></span> \u2018Net \ue615nance costs<span class=\"_ _0\"></span>\u2019 depending on the nature of the item economically hedg<span class=\"_ _0\"></span>ed.50.<span class=\"_ _2\"></span>13 Impairment50.<span class=\"_ _2\"></span>13.1 Impairment testing of goodwill, intangible assets and property<span class=\"_ _2\"></span>, plant and equipment Goodwill and intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives ar<span class=\"_ _0\"></span>e tested for<span class=\"_ _0\"></span> impairment at le<span class=\"_ _0\"></span>ast annually and upon the occur<span class=\"_ _0\"></span><span class=\"ws1\">-</span>rence of an indication of impairment.\ue618e impairment tests are perf<span class=\"_ _0\"></span>ormed annually at the same time e<span class=\"_ _0\"></span>ach ye<span class=\"_ _0\"></span>ar and at the cash-g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit level.\ue618e Group de\ue615nes its cash-gener<span class=\"_ _2\"></span>ating units based on the w<span class=\"_ _0\"></span>ay that it monitors its g<span class=\"_ _0\"></span>oodwill and will deriv<span class=\"_ _0\"></span>e economic bene\ue615t from the acquire<span class=\"_ _0\"></span>d goodwill and intangibles.\ue618e impairment tests are perf<span class=\"_ _0\"></span>ormed by comparin<span class=\"_ _0\"></span>g the carrying v<span class=\"_ _0\"></span>alue of the assets of these cash-genera<span class=\"_ _0\"></span>ting units with their<span class=\"_ _0\"></span> recov<span class=\"_ _0\"></span>erable amount,<span class=\"_ _0\"></span> based on their<span class=\"_ _0\"></span> future pr<span class=\"_ _0\"></span>ojected cash \ue617ows discounted at an appr<span class=\"_ _0\"></span>opriate pre-tax r<span class=\"_ _2\"></span>ate of return.\ue618e discount rate use<span class=\"_ _0\"></span>d in calculating the present v<span class=\"_ _2\"></span>alue of the estimated future cash \ue617ow<span class=\"_ _0\"></span>s is based on a weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC), using a debt-equity<span class=\"_ _0\"></span> ratio of an av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e market p<span class=\"_ _0\"></span>articipant. <span class=\"_ _0\"></span>An additional risk pr<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>mium w<span class=\"_ _0\"></span>as added to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on conditions on which comp<span class=\"_ _0\"></span>arable comp<span class=\"_ _0\"></span>anies can obtain long-term \ue615nancing<span class=\"_ _0\"></span>.\ue618e forecasting risk<span class=\"_ _0\"></span> relate<span class=\"_ _0\"></span>d to silver<span class=\"_ _0\"></span> and aluminum is re\ue617ected in the cash \ue617ow pr<span class=\"_ _0\"></span>ojections.An impairment loss is recogniz<span class=\"_ _0\"></span>ed whenev<span class=\"_ _0\"></span>er the carrying amount of the cash-gener<span class=\"_ _2\"></span>ating unit exceeds its reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able amount. Impairment los<span class=\"_ _0\"></span>ses are recognize<span class=\"_ _0\"></span>d in pro\ue615t or<span class=\"_ _0\"></span> loss.Considera<span class=\"_ _0\"></span>tion is given at ea<span class=\"_ _0\"></span>ch reporting date to determine <span class=\"_ _0\"></span>whether ther<span class=\"_ _0\"></span>e is any indication of impairment of the carrying amounts of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s property<span class=\"_ _2\"></span>, plant and equipment and intan<span class=\"_ _0\"></span>gible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es.If any such indication e<span class=\"_ _0\"></span>xists, the asset<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able amount is estimated.<span class=\"_ _0\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognized w<span class=\"_ _0\"></span>henever the carrying amount of an asset excee<span class=\"_ _0\"></span>ds its recover<span class=\"_ _2\"></span>able amount. Impairment losses are r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss and the carrying amount of relate<span class=\"_ _0\"></span>d asset is reduced thr<span class=\"_ _0\"></span>ough use of an allow<span class=\"_ _0\"></span>ance account.\ue618e recov<span class=\"_ _0\"></span>erable amount of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment and intangible assets <span class=\"_ _0\"></span>with \ue615nite useful lives is the grea<span class=\"_ _0\"></span>ter of the fair<span class=\"_ _2\"></span> value less costs to sell and v<span class=\"_ _2\"></span>alue in use. In asses<span class=\"_ _0\"></span>sing v<span class=\"_ _0\"></span>alue in use,<span class=\"_ _2\"></span> the estimated future cash \ue617ows ar<span class=\"_ _0\"></span>e dis<span class=\"ws1\">-</span>counted to their pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue using a pre-tax discount r<span class=\"_ _0\"></span>ate that re\ue617ects curr<span class=\"_ _0\"></span>ent market asses<span class=\"_ _0\"></span>sments of the time value of money and the risks speci\ue615c to the asset.An impairment loss recogniz<span class=\"_ _0\"></span>ed in prior periods f<span class=\"_ _0\"></span>or an asset other<span class=\"_ _2\"></span> than goodwill shall be reverse<span class=\"_ _0\"></span>d if,<span class=\"_ _0\"></span> and only if,<span class=\"_ _2\"></span> there has been a change in the es<span class=\"_ _0\"></span>timates used to determine the asset\u2019<span class=\"_ _1\"></span>s recover<span class=\"_ _0\"></span>able amount since the last impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.50.<span class=\"_ _2\"></span>13.2 Impairment testing for right-of-use assetsAt ea<span class=\"_ _0\"></span>ch reporting date<span class=\"_ _2\"></span>, the Group review<span class=\"_ _0\"></span>s the carrying amounts of its right-of-use assets to determine whether<span class=\"_ _0\"></span> there is an<span class=\"_ _0\"></span>y indication of impairment. Indica<span class=\"_ _0\"></span>tion of impairment exists when a le<span class=\"_ _2\"></span>ase concluded as a lessee becomes onerous in which case an impairment loss is recogniz<span class=\"_ _0\"></span>ed, me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>t the present v<span class=\"_ _0\"></span>alue of the lower<span class=\"_ _0\"></span> of the expected cost of terminatin<span class=\"_ _0\"></span>g the contract and the e<span class=\"_ _0\"></span>xpected net cost of continuing with the contr<span class=\"_ _2\"></span>act.An impairment loss is rev<span class=\"_ _0\"></span>ersed only to the extent tha<span class=\"_ _0\"></span>t the asset\u2019<span class=\"_ _2\"></span>s carrying amount does not e<span class=\"_ _0\"></span>xceed the carrying amount that would h<span class=\"_ _0\"></span>ave been determined,<span class=\"_ _0\"></span> net of depreciation,<span class=\"_ _0\"></span> if no impairment loss had been r<span class=\"_ _0\"></span>ecognized.50.<span class=\"_ _2\"></span>13.3 Impairment of \ue61fnancial assets and contract assets\ue618e IFRS 9 standar<span class=\"_ _0\"></span>d replaces the <span class=\"_ _0\"></span>\u2018Incurred loss<span class=\"_ _2\"></span>\u2019 model with a forw<span class=\"_ _0\"></span>ard-looking <span class=\"_ _0\"></span>\u2018Expected cre<span class=\"_ _0\"></span>dit loss\u2019<span class=\"_ _2\"></span> (ECL) model. <span class=\"_ _2\"></span>\ue618is requires consider<span class=\"_ _2\"></span>able judgment about how changes in economic f<span class=\"_ _0\"></span>actors a\ue614ect expected cr<span class=\"_ _0\"></span>edit losses. <span class=\"_ _0\"></span>With r<span class=\"_ _0\"></span>egard to im<span class=\"ws1\">-</span>pairment of tra<span class=\"_ _0\"></span>de receiv<span class=\"_ _0\"></span>ables, le<span class=\"_ _0\"></span>ase receiv<span class=\"_ _0\"></span>ables and contra<span class=\"_ _0\"></span>ct assets, the Gr<span class=\"_ _0\"></span>oup applies the simpli\ue615ed approach f<span class=\"_ _0\"></span>or the im<span class=\"ws1\">-</span>pairment ev<span class=\"_ _0\"></span>aluation, <span class=\"_ _0\"></span>which implies that cre<span class=\"_ _0\"></span>dit losses for these ca<span class=\"_ _0\"></span>tegories of assets are alw<span class=\"_ _2\"></span>ays measured a<span class=\"_ _0\"></span>t an amount equal to lifetime expected cr<span class=\"_ _0\"></span>edit losses. Cr<span class=\"_ _0\"></span>edit losses are me<span class=\"_ _0\"></span>asured as the pr<span class=\"_ _0\"></span>esent value of all cash shortf<span class=\"_ _0\"></span>alls \u2013 i.e<span class=\"_ _2\"></span>. the di\ue614erence between the cash \ue617ow<span class=\"_ _0\"></span>s to which the entity is entitled to and w<span class=\"_ _0\"></span>hat the entity e<span class=\"_ _0\"></span>xpects to receive<span class=\"_ _2\"></span>. A \ue615nancial asset is cr<span class=\"_ _0\"></span>edit impaired <span class=\"_ _0\"></span>when one or mor<span class=\"_ _0\"></span>e events that ha<span class=\"_ _0\"></span>ve a detrimental impact on the es<span class=\"_ _0\"></span>timated future cash \ue617o<span class=\"_ _0\"></span>ws of the \ue615nancial asset have occurr<span class=\"_ _0\"></span>ed.\ue618e inputs and assumptions to the expected cr<span class=\"_ _0\"></span>edit loss model ar<span class=\"_ _0\"></span>e the following: signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancial di\ue616culty of the coun<span class=\"ws1\">-</span>terparty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> a default of more than 90 da<span class=\"_ _0\"></span>ys past due<span class=\"_ _2\"></span>, or a possible b<span class=\"_ _0\"></span>ankruptcy of the counterparty<span class=\"_ _2\"></span>.\ue618e evalu<span class=\"_ _0\"></span>ation of possible impairment takes into a<span class=\"_ _0\"></span>ccount forwar<span class=\"_ _0\"></span>d-looking elements. F<span class=\"_ _2\"></span>or the major<span class=\"_ _0\"></span> portion of the accounts receiv<span class=\"_ _0\"></span>able balances,<span class=\"_ _0\"></span> debtors are scor<span class=\"_ _0\"></span>ed and rate<span class=\"_ _0\"></span>d based on quantitativ<span class=\"_ _0\"></span>e and qualitative inform<span class=\"_ _0\"></span>ation on an ongoing b<span class=\"_ _0\"></span>asis through Cre<span class=\"_ _0\"></span>dit Risk Application in pla<span class=\"_ _0\"></span>ce.<span class=\"_ _2\"></span> All customers are classi\ue615ed into di\ue614er<span class=\"_ _0\"></span>ent risk categories w<span class=\"_ _0\"></span>hich are re<span class=\"_ _0\"></span>assessed on a ye<span class=\"_ _0\"></span>arly basis based on r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant forwar<span class=\"_ _0\"></span>d-looking information such as d<span class=\"_ _0\"></span>ata from extern<span class=\"_ _0\"></span>al credit bure<span class=\"_ _0\"></span>aus, ag<span class=\"_ _0\"></span>e of business, country risk and the credit man<span class=\"_ _0\"></span>ager\u2019<span class=\"_ _2\"></span>s assessment.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>o mitigate the cr<span class=\"_ _0\"></span>edit risk, cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance and other risk mitig<span class=\"_ _0\"></span>ation tools such as letter of cr<span class=\"_ _0\"></span>edit, bank<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antees, mortgag<span class=\"_ _0\"></span>e are used within the Gr<span class=\"_ _0\"></span>oup.\ue618is methodology of individually rev<span class=\"_ _0\"></span>iewing outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able amounts taking into account forw<span class=\"_ _0\"></span>ard-looking infor<span class=\"_ _0\"></span><span class=\"ws1\">-</span>mation to assess imp<span class=\"_ _0\"></span>airment risks hasn<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>t been changed due to the application of IFRS 9.Loss allow<span class=\"_ _0\"></span>ances for \ue615n<span class=\"_ _0\"></span>ancial assets meas<span class=\"_ _0\"></span>ured at amortize<span class=\"_ _0\"></span>d cost are charg<span class=\"_ _0\"></span>ed to pro\ue615t or<span class=\"_ _0\"></span> loss and deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets to obtain a net presentation in the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _2\"></span>OCI, the loss allow<span class=\"_ _0\"></span>ance is charged to pr<span class=\"_ _0\"></span>o\ue615t or loss and is r<span class=\"_ _0\"></span>ecognized in OCI.\ue618e gross carrying amount of a \ue615nancial as<span class=\"_ _0\"></span>set is written o\ue614 when the Group has no r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectations of recov<span class=\"_ _0\"></span>ering a \ue615nancial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group individu<span class=\"_ _0\"></span>ally makes an asses<span class=\"_ _0\"></span>sment for e<span class=\"_ _2\"></span>ach type of \ue615nancial asset based on w<span class=\"_ _0\"></span>hether there is a r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectation of recov<span class=\"_ _0\"></span>ery<span class=\"_ _2\"></span>. Financial assets tha<span class=\"_ _0\"></span>t are written o\ue614 are still s<span class=\"_ _0\"></span>ubject to enforcement activ<span class=\"_ _0\"></span>ities of the Group for r<span class=\"_ _0\"></span>ecovery of amounts due<span class=\"_ _0\"></span>.50.<span class=\"_ _2\"></span>14 LeasesAt inception of a contra<span class=\"_ _0\"></span>ct, the Group asses<span class=\"_ _0\"></span>ses whether<span class=\"_ _0\"></span> a contract is,<span class=\"_ _0\"></span> or contains,<span class=\"_ _0\"></span> a lease<span class=\"_ _2\"></span>. A contr<span class=\"_ _0\"></span>act is, or<span class=\"_ _0\"></span> contains, a le<span class=\"_ _0\"></span>ase if the contract con<span class=\"_ _0\"></span>veys the right to contr<span class=\"_ _0\"></span>ol the use of an identi\ue615ed asset for<span class=\"_ _0\"></span> a period of time in exchang<span class=\"_ _0\"></span>e for consider<span class=\"_ _2\"></span>ation. T<span class=\"_ _2\"></span>o assess <span class=\"_ _0\"></span>whether a contr<span class=\"_ _2\"></span>act conveys the right to control the use of an identi\ue615ed as<span class=\"_ _0\"></span>set, the Group uses the de\ue615nition of a lease in IFRS 16<span class=\"_ _0\"></span>.A. As a lesseeAt commencement or<span class=\"_ _0\"></span> on modi\ue615cation of a contract tha<span class=\"_ _0\"></span>t contains a lease component,<span class=\"_ _0\"></span> the Group allocates the consider<span class=\"_ _0\"></span>ation in the contract to e<span class=\"_ _2\"></span>ach lease component on the basis of its relativ<span class=\"_ _0\"></span>e stand-alone prices. <span class=\"_ _2\"></span>\ue618e Group has elected not to separ<span class=\"_ _0\"></span>ate non-lease components and account for<span class=\"_ _2\"></span> the lease and non-lease components as a single le<span class=\"_ _0\"></span>ase component.\ue618e Group recogniz<span class=\"_ _0\"></span>es a right-of-use asset and a lease lia<span class=\"_ _0\"></span>bility at the le<span class=\"_ _0\"></span>ase commencement date<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e right-of-use asset is ini<span class=\"ws1\">-</span>tially meas<span class=\"_ _0\"></span>ured at cost,<span class=\"_ _0\"></span> which comprises the initial amount of the le<span class=\"_ _0\"></span>ase liability adjuste<span class=\"_ _0\"></span>d for an<span class=\"_ _0\"></span>y lease p<span class=\"_ _0\"></span>ayments made a<span class=\"_ _0\"></span>t or before the commencement date<span class=\"_ _2\"></span>, plus any initial dir<span class=\"_ _0\"></span>ect costs incurred and an estim<span class=\"_ _0\"></span>ate of costs to dismantle and remov<span class=\"_ _0\"></span>e the underlying asset or<span class=\"_ _2\"></span> to restore the underlying asset or<span class=\"_ _2\"></span> the site on which it is located, less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _0\"></span>es received.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e right-of-use asset is subsequently depr<span class=\"_ _0\"></span>eciated using the str<span class=\"_ _2\"></span>aight-line method from the commencement date to the end of the lease term,<span class=\"_ _0\"></span> unless the lease tr<span class=\"_ _0\"></span>ansfers ownership of the underly<span class=\"_ _0\"></span>ing asset to the Group by<span class=\"_ _0\"></span> the end of the lease term or the cost of the right-of-use asset re\ue617ects tha<span class=\"_ _0\"></span>t the Group will e<span class=\"_ _0\"></span>xercise a pur<span class=\"_ _0\"></span>chase option. In that case the rig<span class=\"_ _0\"></span>ht-of-use asset will be depreciated o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the useful life of the underlying asset,<span class=\"_ _0\"></span> which is determined on the same b<span class=\"_ _0\"></span>asis as those of property and equipment. In addition,<span class=\"_ _0\"></span> the right-of-use asset is periodically re<span class=\"_ _0\"></span>duced by imp<span class=\"_ _0\"></span>airment losses, if any<span class=\"_ _1\"></span>, and adjusted for<span class=\"_ _0\"></span> certain remeas<span class=\"_ _0\"></span>urements of the lease lia<span class=\"_ _0\"></span>bility<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e lease liability is initially me<span class=\"_ _2\"></span>asured at the present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> the lease p<span class=\"_ _0\"></span>ayments that are not paid at the commencement d<span class=\"_ _0\"></span>ate,<span class=\"_ _2\"></span> discounted using the interest rate implicit in the le<span class=\"_ _2\"></span>ase or,<span class=\"_ _0\"></span> if that r<span class=\"_ _0\"></span>ate cannot be rea<span class=\"_ _0\"></span>dily determined, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s incremental borrowin<span class=\"_ _0\"></span>g rate<span class=\"_ _2\"></span>. Generally<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the Group uses its incremental borro<span class=\"_ _0\"></span>wing r<span class=\"_ _0\"></span>ate as the discount rate<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618e Group determines its incremental borro<span class=\"_ _0\"></span>wing r<span class=\"_ _0\"></span>ate (IBR) twice a <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> based on the government bond yields per<span class=\"_ _0\"></span> country and per ma<span class=\"_ _0\"></span>turity bucket obtained fr<span class=\"_ _0\"></span>om Reuters and adds a risk pr<span class=\"_ _0\"></span>emium re\ue617ecting the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk pr<span class=\"_ _0\"></span>o<span class=\"ws1\">-</span>\ue615le.<span class=\"_ _2\"></span> \ue618e latter<span class=\"_ _0\"></span> risk premium di\ue614ers fr<span class=\"_ _0\"></span>om the country risk classi\ue615ed accor<span class=\"_ _2\"></span>ding to the Organization of Economic Cooperation and Development (OE<span class=\"_ _0\"></span>CD). Depending on the low<span class=\"_ _1\"></span>, medium or high risk<span class=\"_ _0\"></span> of the country a di\ue614erent sprea<span class=\"_ _0\"></span>d is added. <span class=\"_ _0\"></span>As such a IBR-matrix is obtained r<span class=\"_ _0\"></span>e\ue617ecting six maturity buck<span class=\"_ _2\"></span>ets and 50 countries.Lease pa<span class=\"_ _0\"></span>yments included in the measur<span class=\"_ _0\"></span>ement of the lease liabilit<span class=\"_ _0\"></span>y comprise in the followin<span class=\"_ _0\"></span>g: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue615xed pa<span class=\"_ _0\"></span>yments, including in-s<span class=\"_ _0\"></span>ubstance \ue615xed p<span class=\"_ _0\"></span>ayments;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws88\">vari<span class=\"_ _0\"></span>able lease pa<span class=\"_ _0\"></span>yments that depend on an inde<span class=\"_ _0\"></span>x or a r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, initially me<span class=\"_ _0\"></span>asured usin<span class=\"_ _0\"></span>g the index or r<span class=\"_ _2\"></span>ate as at the commence<span class=\"ws1\">-</span></span></span>ment date; and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws33\">the exer<span class=\"_ _0\"></span>cise price under a purch<span class=\"_ _0\"></span>ase option that the Group is r<span class=\"_ _0\"></span>easonably certain to e<span class=\"_ _0\"></span>xercise<span class=\"_ _2\"></span>, lease pa<span class=\"_ _0\"></span>yments in an optional </span></span>renew<span class=\"_ _0\"></span>al period if the Group is re<span class=\"_ _0\"></span>asonably certain to ex<span class=\"_ _0\"></span>ercise an extension option,<span class=\"_ _0\"></span> and penalties for<span class=\"_ _0\"></span> early termina<span class=\"_ _0\"></span>tion of a lease unless the Gr<span class=\"_ _0\"></span>oup is reasona<span class=\"_ _0\"></span>bly certain not to terminate e<span class=\"_ _0\"></span>arly<span class=\"_ _2\"></span>.\ue618ere are no le<span class=\"_ _0\"></span>ases for <span class=\"_ _0\"></span>which it is expected tha<span class=\"_ _0\"></span>t the Group would need to p<span class=\"_ _0\"></span>ay a residu<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alue guarantee<span class=\"_ _2\"></span>.\ue618e lease liabilit<span class=\"_ _0\"></span>y is measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t using the e\ue614ective interes<span class=\"_ _0\"></span>t method. It is re-me<span class=\"_ _0\"></span>asured <span class=\"_ _0\"></span>when there is a change in futur<span class=\"_ _0\"></span>e lease pa<span class=\"_ _0\"></span>yments arising from a ch<span class=\"_ _0\"></span>ange in an index or<span class=\"_ _2\"></span> rate if the Group changes its as<span class=\"_ _0\"></span>sessment of whether it will ex<span class=\"_ _0\"></span>ercise a purch<span class=\"_ _0\"></span>ase,<span class=\"_ _0\"></span> extension or<span class=\"_ _0\"></span> termination option or<span class=\"_ _0\"></span> if there is a revise<span class=\"_ _0\"></span>d in-substance \ue615xed le<span class=\"_ _0\"></span>ase pay<span class=\"_ _0\"></span>ment. When the lease liabilit<span class=\"_ _0\"></span>y is re-meas<span class=\"_ _0\"></span>ured in this w<span class=\"_ _2\"></span>ay<span class=\"_ _2\"></span>, a corresponding adjustment is m<span class=\"_ _0\"></span>ade to the carrying amount of the right-of-use asset, or<span class=\"_ _2\"></span> is recorded in pro\ue615t or<span class=\"_ _0\"></span> loss if the carrying amount of the right-of-use asset has been re<span class=\"_ _0\"></span>duced to zero<span class=\"_ _2\"></span>.\ue618e Group has elected not to r<span class=\"_ _0\"></span>ecognize right-of-use assets and le<span class=\"_ _0\"></span>ase liabilities for<span class=\"_ _0\"></span> leases of low<span class=\"_ _2\"></span>-value assets (mainly re<span class=\"_ _0\"></span>lated to IT<span class=\"_ _0\"></span> equipment) and short-term leases.<span class=\"_ _0\"></span> Short-term leases ar<span class=\"_ _0\"></span>e leases with a le<span class=\"_ _2\"></span>ase term of<span class=\"_ _22\"></span> twelv<span class=\"_ _0\"></span>e months or less.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group recognizes the le<span class=\"_ _0\"></span>ase payments as<span class=\"_ _0\"></span>sociated w<span class=\"_ _0\"></span>ith these leases as an expense on a str<span class=\"_ _2\"></span>aight-line basis over<span class=\"_ _0\"></span> the lease term.On the statement of \ue615nancial position right-of-use assets ar<span class=\"_ _0\"></span>e presented separ<span class=\"_ _2\"></span>ately where<span class=\"_ _0\"></span>as lease liabilities ar<span class=\"_ _0\"></span>e comprised in \u2018Loans and borr<span class=\"_ _0\"></span>owings.<span class=\"_ _b3\"></span>\u2019 All lease pa<span class=\"_ _0\"></span>yments that are due <span class=\"_ _0\"></span>within 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as current liabilities.<span class=\"_ _0\"></span> All lease p<span class=\"_ _0\"></span>ayments tha<span class=\"_ _0\"></span>t are due later<span class=\"_ _0\"></span> than 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as non-cur<span class=\"_ _2\"></span><span class=\"ws1\">-</span>rent liabilities.B. As a lessorWhen the Group acts as a lessor<span class=\"_ _2\"></span>, it determines at le<span class=\"_ _0\"></span>ase inception whether<span class=\"_ _0\"></span> each le<span class=\"_ _0\"></span>ase is a \ue615nance lease or<span class=\"_ _2\"></span> an operating lease<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>o classify e<span class=\"_ _2\"></span>ach lease,<span class=\"_ _0\"></span> the Group mak<span class=\"_ _0\"></span>es an over<span class=\"_ _2\"></span>all assessment of whether the lease tr<span class=\"_ _2\"></span>ansfers substantially all of the risks and rew<span class=\"_ _0\"></span>ards incidental to ow<span class=\"_ _0\"></span>nership of the underlying asset.<span class=\"_ _0\"></span> If this is the case,<span class=\"_ _0\"></span> then the lease is a \ue615nance le<span class=\"_ _0\"></span>ase; if not, then it is an operatin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>As part of this assessment, the Gr<span class=\"_ _0\"></span>oup considers certain indicators such as whether<span class=\"_ _2\"></span> the lease is for the major<span class=\"_ _0\"></span> part of the economic life of the asset.\ue618e majority of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \ue615nance le<span class=\"_ _0\"></span>ase arrang<span class=\"_ _0\"></span>ements are concluded by<span class=\"_ _0\"></span> Agfa Finance<span class=\"_ _2\"></span>, i.e<span class=\"_ _2\"></span>. Agfa Finance NV<span class=\"_ _0\"></span> or its subsid<span class=\"ws1\">-</span>iaries Agf<span class=\"_ _0\"></span>a Finance Corp.<span class=\"_ _2\"></span> and Agfa Finance Inc.On manufacturing le<span class=\"_ _2\"></span>ases, the Group recognizes r<span class=\"_ _0\"></span>evenue and rela<span class=\"_ _0\"></span>ted pro\ue615t margin a<span class=\"_ _0\"></span>t the moment a Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s manufacturing organization or<span class=\"_ _0\"></span> any r<span class=\"_ _0\"></span>elated comp<span class=\"_ _0\"></span>any in<span class=\"_ _0\"></span>voices Agf<span class=\"_ _0\"></span>a Finance at commencement of the lease w<span class=\"_ _0\"></span>ith the external customer<span class=\"_ _2\"></span>.A commercial contr<span class=\"_ _2\"></span>act whereby a certain piece of equipment is \ue615nance<span class=\"_ _0\"></span>d by means of a medium or<span class=\"_ _2\"></span> long-term agreement under w<span class=\"_ _0\"></span>hich the customer commits to pur<span class=\"_ _0\"></span>chase a certain level of consuma<span class=\"_ _0\"></span>bles at a mark<span class=\"_ _2\"></span>-up price is called a \u2018bundle deal.<span class=\"_ _1\"></span>\u2019 At ea<span class=\"_ _0\"></span>ch sale of consumables, the Gr<span class=\"_ _0\"></span>oup allocates the considera<span class=\"_ _0\"></span>tion received fr<span class=\"_ _0\"></span>om this sale to a reduction of the outstanding lease receiv<span class=\"_ _2\"></span>able and revenue from sale of goods on the b<span class=\"_ _0\"></span>asis of their stand-alone sellin<span class=\"_ _0\"></span>g prices.Receiv<span class=\"_ _0\"></span>ables under \ue615nance le<span class=\"_ _2\"></span>ases are measured at an amount equ<span class=\"_ _0\"></span>al to the discounted future minimum le<span class=\"_ _0\"></span>ase payments.<span class=\"_ _0\"></span> Finance lease income \u2013 pr<span class=\"_ _0\"></span>esented as part of \u2018<span class=\"_ _0\"></span>Other oper<span class=\"_ _0\"></span>ating income<span class=\"_ _2\"></span>\u2019 \u2013 is subsequently recognized b<span class=\"_ _0\"></span>ased on a pattern r<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>\ue617ecting constant periodic r<span class=\"_ _0\"></span>ate of return on the net inv<span class=\"_ _0\"></span>estment using the e\ue614ective inter<span class=\"_ _0\"></span>est method.On the statement of \ue615nancial position receiv<span class=\"_ _2\"></span>ables under \ue615nance le<span class=\"_ _0\"></span>ases are presented sep<span class=\"_ _0\"></span>arately<span class=\"_ _1\"></span>. All lease receiv<span class=\"_ _2\"></span>ables that are due within 12 months af<span class=\"_ _0\"></span>ter the bal<span class=\"_ _0\"></span>ance sheet date are clas<span class=\"_ _0\"></span>si\ue615ed as current assets.<span class=\"_ _0\"></span> All lease r<span class=\"_ _0\"></span>eceivables th<span class=\"_ _0\"></span>at are due later<span class=\"_ _2\"></span> than 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as non-current as<span class=\"_ _0\"></span>sets.\ue618e Group applies the de-recognition and imp<span class=\"_ _0\"></span>airment requirements in IFRS 9 to the net in<span class=\"_ _0\"></span>vestment in the le<span class=\"_ _0\"></span>ase.\ue618e Group recogniz<span class=\"_ _0\"></span>es lease pa<span class=\"_ _0\"></span>yments receive<span class=\"_ _0\"></span>d under oper<span class=\"_ _0\"></span>ating leases as R<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>, on a str<span class=\"_ _2\"></span>aight line basis over<span class=\"_ _0\"></span> the lease term. 50.<span class=\"_ _2\"></span>15 Other assetsOther assets comprise def<span class=\"_ _0\"></span>erred charg<span class=\"_ _0\"></span>es and other non-\ue615nanci<span class=\"_ _0\"></span>al assets. Deferr<span class=\"_ _0\"></span>ed charges r<span class=\"_ _0\"></span>elate to pa<span class=\"_ _0\"></span>yments made by<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y before the bal<span class=\"_ _0\"></span>ance sheet date in respect of the expenses of futur<span class=\"_ _0\"></span>e periods (prepa<span class=\"_ _0\"></span>yments). E<span class=\"_ _0\"></span>xamples of deferred charges ar<span class=\"_ _0\"></span>e payments of rent,<span class=\"_ _2\"></span> interests and insurance premiums th<span class=\"_ _0\"></span>at were m<span class=\"_ _0\"></span>ade before the b<span class=\"_ _0\"></span>alance sheet date but rel<span class=\"_ _0\"></span>ate to a speci\ue615c period after the b<span class=\"_ _0\"></span>alance sheet date<span class=\"_ _2\"></span>.Non-\ue615nancial assets ar<span class=\"_ _0\"></span>e carried at cost. Def<span class=\"_ _0\"></span>erred charg<span class=\"_ _0\"></span>es are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss by the str<span class=\"_ _2\"></span>aight-line method or ac<span class=\"ws1\">-</span>cording to perform<span class=\"_ _0\"></span>ance of the services received.50.<span class=\"_ _2\"></span>16 InventoriesRaw materi<span class=\"_ _0\"></span>als, supplies and goods pur<span class=\"_ _0\"></span>chased for<span class=\"_ _0\"></span> resale are <span class=\"_ _0\"></span>valued a<span class=\"_ _0\"></span>t purchase cost.W<span class=\"_ _2\"></span>ork in progress and \ue615nishe<span class=\"_ _0\"></span>d goods are v<span class=\"_ _2\"></span>alued at the cost of production. <span class=\"_ _2\"></span>\ue618e cost of production comprises the direct cost of materials, dir<span class=\"_ _0\"></span>ect manufacturing e<span class=\"_ _0\"></span>xpenses, appr<span class=\"_ _0\"></span>opriate allocations of material and manuf<span class=\"_ _0\"></span>acturing ov<span class=\"_ _0\"></span>erheads,<span class=\"_ _0\"></span> and an appropriate shar<span class=\"_ _0\"></span>e of the depreciation of assets used for<span class=\"_ _2\"></span> production. It includes the share of expenses f<span class=\"_ _0\"></span>or compan<span class=\"_ _2\"></span>y pension plans and discretionary employ<span class=\"_ _0\"></span>ee bene\ue615ts that are attributa<span class=\"_ _0\"></span>ble to production. <span class=\"_ _0\"></span>Administra<span class=\"_ _0\"></span>tive costs are included <span class=\"_ _0\"></span>where they are attributable to pr<span class=\"_ _0\"></span>oduction. In<span class=\"_ _0\"></span>ventories are v<span class=\"_ _2\"></span>alued using the weighted-av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e cost method.If the purchase or<span class=\"_ _0\"></span> production cost is higher<span class=\"_ _0\"></span> than the net re<span class=\"_ _0\"></span>alizable v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> inventories are written do<span class=\"_ _0\"></span>wn to net realiza<span class=\"_ _0\"></span>ble v<span class=\"_ _0\"></span>al<span class=\"ws1\">-</span>ue.<span class=\"_ _2\"></span> Net realizable v<span class=\"_ _2\"></span>alue is the estimated selling price in the ordinary course of business,<span class=\"_ _2\"></span> less the estimated costs necessary to make the sale<span class=\"_ _2\"></span>. \ue618e cos<span class=\"_ _0\"></span>t of inventories ma<span class=\"_ _0\"></span>y not be recov<span class=\"_ _0\"></span>erable in the f<span class=\"_ _0\"></span>ollowing situa<span class=\"_ _0\"></span>tions: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws23\">obsolete inventory: this is determine<span class=\"_ _0\"></span>d based on a list of non-mov<span class=\"_ _0\"></span>ing or slo<span class=\"_ _0\"></span>w-mov<span class=\"_ _0\"></span>ing inv<span class=\"_ _0\"></span>entory-items, including items </span></span>approxima<span class=\"_ _0\"></span>ting the expiry date; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">damaged or<span class=\"_ _2\"></span> expired inv<span class=\"_ _0\"></span>entory items or products sho<span class=\"_ _0\"></span>wing quality pr<span class=\"_ _0\"></span>oblems;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">declining selling prices.</span></span>Within the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _0\"></span> write-downs of in<span class=\"_ _0\"></span>ventories mainly r<span class=\"_ _0\"></span>esult from obsolescence<span class=\"_ _0\"></span>.50.<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7 Cash and cash equivalentsCash and cash equiv<span class=\"_ _0\"></span>alents comprise cash, checks r<span class=\"_ _0\"></span>eceived,<span class=\"_ _0\"></span> and balances with b<span class=\"_ _0\"></span>anks and companies.<span class=\"_ _0\"></span> Cash equiv<span class=\"_ _0\"></span>alents are highly liquid short-term \ue615nancial in<span class=\"_ _0\"></span>vestments that ar<span class=\"_ _0\"></span>e subject to an insigni\ue615cant risk of chang<span class=\"_ _0\"></span>es in v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> are easily conv<span class=\"_ _0\"></span>ert<span class=\"ls1 ws1\">-</span>ible into a known amount of cash and hav<span class=\"_ _0\"></span>e a maturity of three months or<span class=\"_ _2\"></span> less from the date of acquisition or in<span class=\"_ _2\"></span>vestment.50.<span class=\"_ _2\"></span>18 Share capitalOrdinary shar<span class=\"_ _0\"></span>es are classi\ue615ed as equity<span class=\"_ _1\"></span>. Incremental costs directly attributa<span class=\"_ _0\"></span>ble to the issue of ordinary shar<span class=\"_ _0\"></span>es, net of any<span class=\"_ _0\"></span> tax e\ue614ects, ar<span class=\"_ _0\"></span>e recognized as a deduction fr<span class=\"_ _0\"></span>om retained e<span class=\"_ _0\"></span>arnings.When share capital recogniz<span class=\"_ _0\"></span>ed as equity is repur<span class=\"_ _0\"></span>chased,<span class=\"_ _0\"></span> the amount of the consideration paid,<span class=\"_ _2\"></span> including directly attrib<span class=\"ws1\">-</span>utable costs, net of an<span class=\"_ _0\"></span>y tax e\ue614ects, is r<span class=\"_ _0\"></span>ecognized as a deduction fr<span class=\"_ _0\"></span>om equity<span class=\"_ _2\"></span>. Repur<span class=\"_ _0\"></span>chased shares ar<span class=\"_ _0\"></span>e classi\ue615ed as tre<span class=\"_ _2\"></span>asur<span class=\"_ _22\"></span>y shares and presente<span class=\"_ _0\"></span>d as a deduction from total equity under<span class=\"_ _2\"></span> the caption \u2018Reserve for o<span class=\"_ _0\"></span>wn shares<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>epurchased shar<span class=\"_ _0\"></span>es are accounted for<span class=\"_ _0\"></span> using settlement date accounting<span class=\"_ _2\"></span>. Cancelled tre<span class=\"_ _0\"></span>asury shares are tr<span class=\"_ _2\"></span>ansferred from \u2018Reserve f<span class=\"_ _0\"></span>or ow<span class=\"_ _0\"></span>n shares<span class=\"_ _0\"></span>\u2019 to \u2018Retained e<span class=\"_ _2\"></span>arnings\u2019<span class=\"_ _1\"></span>. When tre<span class=\"_ _2\"></span>asur<span class=\"_ _22\"></span>y shares ar<span class=\"_ _0\"></span>e sold, the amount receiv<span class=\"_ _0\"></span>ed is recognize<span class=\"_ _0\"></span>d as an increase in equit<span class=\"_ _0\"></span>y and the resulting surplus or<span class=\"_ _2\"></span> de\ue615cit on the transaction is presented w<span class=\"_ _0\"></span>ithin share premium.50.<span class=\"_ _2\"></span>19 ProvisionsProv<span class=\"_ _0\"></span>isions are recogniz<span class=\"_ _0\"></span>ed in the statement of \ue615nancial position w<span class=\"_ _0\"></span>hen a Group compan<span class=\"_ _0\"></span>y has a present obligation (leg<span class=\"_ _0\"></span>al or constructive<span class=\"_ _2\"></span>) as a result of a past event and when it is pr<span class=\"_ _0\"></span>obable that an out\ue617o<span class=\"_ _0\"></span>w of resources embodyin<span class=\"_ _0\"></span>g economic bene\ue615ts will be requir<span class=\"_ _0\"></span>ed to settle the obligation and a reli<span class=\"_ _0\"></span>able estimate can be ma<span class=\"_ _0\"></span>de of the amount of the obligation.\ue618e amount recognized as a pr<span class=\"_ _0\"></span>ovision is the best es<span class=\"_ _0\"></span>timate of the expenditure r<span class=\"_ _0\"></span>equired to settle the present oblig<span class=\"_ _0\"></span>ation at the reporting date<span class=\"_ _2\"></span>.If the e\ue614ect is material,<span class=\"_ _0\"></span> provisions ar<span class=\"_ _0\"></span>e determined by discountin<span class=\"_ _0\"></span>g the expected future cash \ue617o<span class=\"_ _0\"></span>ws at a pre-tax r<span class=\"_ _2\"></span>ate that re\ue617ects current mark<span class=\"_ _2\"></span>et assessments of the time value of money and, <span class=\"_ _0\"></span>where appropria<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> the risks speci\ue615c to the liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>19.1 RestructuringA pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> restructuring is r<span class=\"_ _0\"></span>ecognized when the Gr<span class=\"_ _0\"></span>oup has approv<span class=\"_ _0\"></span>ed a detailed and formal r<span class=\"_ _0\"></span>estructuring plan,<span class=\"_ _0\"></span> and the restructuring h<span class=\"_ _0\"></span>as either commenced or<span class=\"_ _2\"></span> has been announced to those a\ue614ected by it. Futur<span class=\"_ _0\"></span>e operatin<span class=\"_ _0\"></span>g costs are not prov<span class=\"_ _0\"></span>ided for<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>19.2 Environmental protectionIn accordance <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s published env<span class=\"_ _0\"></span>ironmental policy and applicable legal r<span class=\"_ _0\"></span>equirements, a pr<span class=\"_ _0\"></span>ovision for<span class=\"_ _2\"></span> site restor<span class=\"_ _0\"></span>ation in respect of contaminated l<span class=\"_ _0\"></span>and is recognized <span class=\"_ _0\"></span>when the land is contaminated.50.<span class=\"_ _2\"></span>19.3 T<span class=\"_ _2\"></span>rade-relatedT<span class=\"_ _2\"></span>rade-r<span class=\"_ _0\"></span>elated pro<span class=\"_ _0\"></span>visions mainly comprise pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _2\"></span> sales commissions and warr<span class=\"_ _0\"></span>anty and commercial litig<span class=\"_ _0\"></span>ations. A<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>ision for pr<span class=\"_ _0\"></span>oduct w<span class=\"_ _0\"></span>arranty is m<span class=\"_ _0\"></span>ade at the time of revenue r<span class=\"_ _0\"></span>ecognition and re\ue617ects the estimate<span class=\"_ _0\"></span>d costs of replacement that will be incurr<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _0\"></span>oup.50.<span class=\"_ _2\"></span>19.4 Onerous contractsA pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> onerous contr<span class=\"_ _0\"></span>acts is recognized <span class=\"_ _0\"></span>when the expected bene\ue615ts to be derive<span class=\"_ _0\"></span>d by the Group fr<span class=\"_ _0\"></span>om a contract ar<span class=\"_ _0\"></span>e lower<span class=\"_ _2\"></span> than the unavoidable cost of meeting its obliga<span class=\"_ _0\"></span>tions under the contr<span class=\"_ _0\"></span>act, w<span class=\"_ _0\"></span>hich is determined based on the incr<span class=\"_ _0\"></span>emen<span class=\"ws1\">-</span>tal cost of ful\ue615lling the obligation under<span class=\"_ _2\"></span> the contract and an allocation of other costs dir<span class=\"_ _0\"></span>ectly rela<span class=\"_ _0\"></span>ted to ful\ue615lling the con<span class=\"ws1\">-</span>tract.<span class=\"_ _2\"></span> Provisions are esta<span class=\"_ _0\"></span>blished for <span class=\"_ _0\"></span>impending losses on purchase or<span class=\"_ _2\"></span> sales contracts at the amount of the anticipated los<span class=\"_ _0\"></span>ses.50.20 Contract liabilities\ue618e Group applies IFRS 15 <span class=\"ff11 ws33\">R<span class=\"_ _2\"></span>evenue from contract<span class=\"_ _0\"></span>s with cus<span class=\"_ _0\"></span>tomers<span class=\"ff1 ws77\">, tha<span class=\"_ _0\"></span>t introduced the concept of contra<span class=\"_ _0\"></span>ct assets and contract </span></span>liabilities.Contra<span class=\"_ _0\"></span>ct liabilities comprise deferred r<span class=\"_ _0\"></span>evenue and adv<span class=\"_ _2\"></span>ance payments received fr<span class=\"_ _0\"></span>om customers, as <span class=\"_ _0\"></span>well as accruals f<span class=\"_ _0\"></span>or bo<span class=\"ws1\">-</span>nuses and reba<span class=\"_ _0\"></span>tes related to g<span class=\"_ _0\"></span>oods and services purchased b<span class=\"_ _0\"></span>y customers during the period.50.21 Other liabilitiesOther lia<span class=\"_ _0\"></span>bilities primarily rela<span class=\"_ _0\"></span>te to unearned other<span class=\"_ _0\"></span> opera<span class=\"_ _0\"></span>ting income.<span class=\"_ _2\"></span> Government grants are a t<span class=\"_ _0\"></span>ypical example of unearne<span class=\"_ _0\"></span>d other oper<span class=\"_ _2\"></span>ating income. <span class=\"_ _2\"></span>\ue618ey are recognized in pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s when there is a re<span class=\"_ _2\"></span>asonable assurance that the conditions attached to the gr<span class=\"_ _0\"></span>ants will be or<span class=\"_ _0\"></span> are complied w<span class=\"_ _0\"></span>ith and the grants w<span class=\"_ _0\"></span>ill be receive<span class=\"_ _0\"></span>d. Gr<span class=\"_ _0\"></span>ants that compensate the Group for e<span class=\"_ _0\"></span>xpenses incurred are r<span class=\"_ _0\"></span>ecognized in pr<span class=\"_ _0\"></span>o\ue615t or loss under<span class=\"_ _2\"></span> the same functional reporting line item as the corresponding expenses. <span class=\"_ _2\"></span>\ue618ey are recognize<span class=\"_ _0\"></span>d as income over<span class=\"_ _0\"></span> the periods necessary to match them on a sy<span class=\"_ _0\"></span>stematic basis to the cos<span class=\"_ _0\"></span>ts that are intended to be compensated.<span class=\"_ _2\"></span> Grants aw<span class=\"_ _0\"></span>arded for<span class=\"_ _2\"></span> the purchase or production of assets (Intangible as<span class=\"_ _0\"></span>sets or Pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant and equipment) are r<span class=\"_ _0\"></span>ecognized initially as other<span class=\"_ _2\"></span> liability and then recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss as other<span class=\"_ _2\"></span> income on a system<span class=\"_ _0\"></span>atic basis ov<span class=\"_ _0\"></span>er the useful lif<span class=\"_ _0\"></span>e of the asset. Gov<span class=\"_ _0\"></span>ernment grants for<span class=\"_ _2\"></span> future expenses are recor<span class=\"_ _0\"></span>ded as \u2018<span class=\"_ _0\"></span>Other lia<span class=\"_ _0\"></span>bilities\u2019<span class=\"_ _1\"></span>.\ue6a0\ue67f.<span class=\"_ _0\"></span> NEW ST<span class=\"_ _2\"></span>ANDARDS <span class=\"_ _0\"></span>AND INTERPRET<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TIONS ISSUED BUT NOT<span class=\"_ _0\"></span> <span class=\"_ _2\"></span>YET EFFECTIVEA number<span class=\"_ _0\"></span> of new IFRS standards,<span class=\"_ _2\"></span> amendments to IFRS standards and interpretations iss<span class=\"_ _0\"></span>ued, w<span class=\"_ _0\"></span>ere not yet e\ue614<span class=\"_ _0\"></span>ective for<span class=\"_ _0\"></span> the year<span class=\"_ _2\"></span> ended on December 31, 20<span class=\"_ _0\"></span>22 and hav<span class=\"_ _0\"></span>e not been applied in preparin<span class=\"_ _0\"></span>g the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements.\ue618e Group shall adopt these stand<span class=\"_ _0\"></span>ards after<span class=\"_ _0\"></span> endorsement by the E<span class=\"_ _0\"></span>uropean Union.<span class=\"_ _2\"></span> \ue618is rela<span class=\"_ _0\"></span>tes to: \u2022 <span class=\"_ _33b\"> </span>Amendments to IFR<span class=\"_ _0\"></span>S 16 <span class=\"ff75\">Leases : Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in a Sale and Leaseback</span>In September 20<span class=\"_ _2\"></span>22, the IASB issued an amendment to IFRS 16 <span class=\"ff11 wsb3\">Leases r<span class=\"_ _0\"></span>elated to the tr<span class=\"_ _0\"></span>eatment of a lease l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ity in a sale and </span>leaseback tr<span class=\"_ _0\"></span>ansaction<span class=\"ff1 ws43\">.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ese amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginnin<span class=\"_ _0\"></span>g on or after<span class=\"_ _2\"></span> Januar<span class=\"_ _22\"></span>y 1, 20<span class=\"_ _2\"></span>24. Earlier </span>application is permitted. \ue618e amendment to IFRS 16 <span class=\"ff11 ws1\">Leases</span> speci\ue615es the requir<span class=\"_ _0\"></span>ements that a seller<span class=\"_ _0\"></span>-lessee uses in meas<span class=\"_ _0\"></span>uring the lease liabilit<span class=\"_ _0\"></span>y arising in a sale and leaseb<span class=\"_ _0\"></span>ack tr<span class=\"_ _0\"></span>ansaction, to ensur<span class=\"_ _0\"></span>e the seller-les<span class=\"_ _0\"></span>see does not recognise any amount of the gain or<span class=\"_ _2\"></span> loss that relates to the right of use it retains. <span class=\"_ _0\"></span>A sale and le<span class=\"_ _0\"></span>aseback tr<span class=\"_ _2\"></span>ansaction involves the tr<span class=\"_ _2\"></span>ansfer of an asset by an entity (<span class=\"_ _0\"></span>the seller<span class=\"_ _0\"></span>-lessee) to another entity<span class=\"_ _0\"></span> (the buyer<span class=\"_ _2\"></span>-lessor) and the leaseback<span class=\"_ _0\"></span> of the same asset by the seller<span class=\"_ _2\"></span>-lessee. <span class=\"_ _2\"></span>\ue618e amendment is intended to improv<span class=\"_ _0\"></span>e the requirements for<span class=\"_ _2\"></span> sale and leaseback tr<span class=\"_ _2\"></span>ansactions in IFRS 16. It does not chan<span class=\"_ _0\"></span>ge the accounting for<span class=\"_ _2\"></span> leases unrelate<span class=\"_ _0\"></span>d to sale and leaseba<span class=\"_ _0\"></span>ck tr<span class=\"_ _0\"></span>ansactions.\ue618e amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union in January 20<span class=\"_ _0\"></span>23. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a m<span class=\"_ _0\"></span>aterial impact to the consolida<span class=\"_ _0\"></span>ted statements of the Group<span class=\"_ _0\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"ws88\">Amendments to IAS 1 <span class=\"ff75 wsa\">P<span class=\"_ _0\"></span>resentati<span class=\"_ _0\"></span>on of Financial Stat<span class=\"_ _0\"></span>ements: Classi<span class=\"_ _0\"></span>\ue61fcation of l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities as curr<span class=\"_ _2\"></span>ent or non-current,<span class=\"_ _0\"></span> <span class=\"ff5 ws1\">and </span></span></span>deferr<span class=\"_ _2\"></span>al of e\ue60aective dateIn January 2020<span class=\"_ _2\"></span>, the IASB issued amendments to IAS 1 rela<span class=\"_ _0\"></span>ted to the classi\ue615cation of liabilities.<span class=\"_ _0\"></span> <span class=\"_ _2\"></span>\ue618e am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span><span class=\"ff11 ls6d ws65\">Classi<span class=\"ls1 ws1\">-</span></span>\ue61ecation of l<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties as curren<span class=\"_ _0\"></span>t or non-curr<span class=\"_ _0\"></span>ent <span class=\"ff1 ls1 ws16\">(Amendments to IAS 1) a\ue614ect only<span class=\"_ _0\"></span> the presentation of liabilities in the sta<span class=\"_ _0\"></span>tement </span>of \ue615nancial position \u2013 not the amount or timin<span class=\"_ _0\"></span>g of recognition of any asset,<span class=\"_ _0\"></span> liability income or<span class=\"_ _2\"></span> expenses, or the inform<span class=\"_ _0\"></span>ation that entities disclose about those items.<span class=\"_ _0\"></span> A compan<span class=\"_ _0\"></span>y classi\ue615es a lia<span class=\"_ _0\"></span>bility as non-current if it has a right to def<span class=\"_ _0\"></span>er settlement for<span class=\"_ _2\"></span> at least twelv<span class=\"_ _0\"></span>e months after the r<span class=\"_ _0\"></span>eport<span class=\"ws1\">-</span>ing period. <span class=\"_ _2\"></span>\ue618e amendments clarify that the classi\ue615cation of liabilities as curr<span class=\"_ _0\"></span>ent or non-current should be b<span class=\"_ _0\"></span>ased on rights that exist a<span class=\"_ _0\"></span>t the end of the reporting period. <span class=\"_ _2\"></span>\ue618ey clarify that classi\ue615cation is una\ue614<span class=\"_ _0\"></span>ected by expecta<span class=\"_ _0\"></span>tions about whether<span class=\"_ _0\"></span> an entity will e<span class=\"_ _0\"></span>xercise its right to def<span class=\"_ _0\"></span>er settlement of a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.\ue618e IASB has proposed further<span class=\"_ _2\"></span> amendments to IAS 1 and the deferral of the 2020 amendments to no l<span class=\"_ _0\"></span>ater than Janu<span class=\"_ _0\"></span>ary 1, 2024. \ue618es<span class=\"_ _22\"></span>e a<span class=\"_ _22\"></span>men<span class=\"_ _22\"></span>dme<span class=\"_ _22\"></span>nts<span class=\"_ _22\"></span> have<span class=\"_ _22\"></span> no<span class=\"_ _22\"></span>t yet<span class=\"_ _22\"></span> be<span class=\"_ _22\"></span>en <span class=\"_ _22\"></span>end<span class=\"_ _22\"></span>or<span class=\"_ _22\"></span>sed by the European U<span class=\"_ _0\"></span>nion. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a m<span class=\"_ _0\"></span>aterial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Gr<span class=\"_ _0\"></span>oup. \u2022 <span class=\"_ _33b\"> </span>Amendments to IAS 1: <span class=\"ff75\">N<span class=\"_ _0\"></span>on-current l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities <span class=\"_ _0\"></span>with cov<span class=\"_ _0\"></span>enants</span>In October 20<span class=\"_ _2\"></span>22, the IASB issued an amendment to IAS 1 <span class=\"ff11 wse0\">Non<span class=\"_ _0\"></span>-Current liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies with Co<span class=\"_ _2\"></span>venants<span class=\"ff1 ws69\"> e\ue614ective for<span class=\"_ _0\"></span> annual periods </span></span>beginning on or af<span class=\"_ _0\"></span>ter January 1,<span class=\"_ _0\"></span> 2024.<span class=\"_ _0\"></span> Earlier application is permitte<span class=\"_ _0\"></span>d. \ue618e amendment clari\ue615es how an entity<span class=\"_ _0\"></span> classi\ue615es debt and other<span class=\"_ _0\"></span> \ue615nancial liabilities as curr<span class=\"_ _0\"></span>ent or non-current in p<span class=\"_ _0\"></span>articular cir<span class=\"_ _2\"></span><span class=\"ls1 ws1\">-</span>cumstances. Under<span class=\"_ _2\"></span> the 2022 amendments, only co<span class=\"_ _0\"></span>venants of a liability<span class=\"_ _0\"></span> arising from a loan arr<span class=\"_ _2\"></span>angement, which an entity mus<span class=\"_ _0\"></span>t comply with on or<span class=\"_ _2\"></span> before the reporting date a\ue614ect the clas<span class=\"_ _0\"></span>si\ue615cation of that liability as curr<span class=\"_ _0\"></span>ent or non-curr<span class=\"_ _0\"></span>ent. <span class=\"_ _2\"></span>\ue618e 2022 amend<span class=\"ls1 ws1\">-</span>ments, as opposed to the pr<span class=\"_ _0\"></span>oposed amendments in the 2021 ED<span class=\"_ _2\"></span>, do not require an entity to pr<span class=\"_ _0\"></span>esent separ<span class=\"_ _0\"></span>ately non-current liabilities for<span class=\"_ _0\"></span> which the entity\u2019<span class=\"_ _1\"></span>s right to defer settlement is subject to compliance w<span class=\"_ _0\"></span>ith future co<span class=\"_ _0\"></span>venants within t<span class=\"_ _0\"></span>welve months. Instead,<span class=\"_ _2\"></span> the 2022 amendments require entities to disclose inform<span class=\"_ _0\"></span>ation about such cov<span class=\"_ _0\"></span>enants and relate<span class=\"_ _0\"></span>d liabilities in the notes.\ue618ese amendments have not <span class=\"_ _0\"></span>yet been endorsed by the E<span class=\"_ _0\"></span>urope<span class=\"_ _0\"></span>an Union. <span class=\"_ _2\"></span>\ue618e Group will apply the<span class=\"_ _22\"></span>se <span class=\"_ _22\"></span>ame<span class=\"_ _22\"></span>ndm<span class=\"_ _22\"></span>ent<span class=\"_ _22\"></span>s a<span class=\"_ _22\"></span>fte<span class=\"_ _22\"></span>r en<span class=\"ls1 ws1\">-</span>dorsement. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a ma<span class=\"_ _0\"></span>terial impact to the consolidate<span class=\"_ _0\"></span>d \ue615nancial statements of the Group<span class=\"_ _0\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"ws77\">Amendments to IAS 1 <span class=\"ff75 ws66\">P<span class=\"_ _0\"></span>resentati<span class=\"_ _0\"></span>on of Financial Stat<span class=\"_ _0\"></span>ements<span class=\"ff5 ws77\"> and IFRS Pr<span class=\"_ _2\"></span>actice Statement 2: <span class=\"ff75 wsc2\">Disclosur<span class=\"_ _0\"></span>e of Accountin<span class=\"_ _0\"></span>g </span></span></span></span>policies<span class=\"ff5 ls1 ws1\">, iss<span class=\"_ _0\"></span>ued on F<span class=\"_ _0\"></span>ebruary 12,<span class=\"_ _0\"></span> 2021</span>\ue618ese amendments include narrow<span class=\"_ _2\"></span>-scope amendments to improve accounting policy disclosur<span class=\"_ _0\"></span>es so that they pro<span class=\"_ _0\"></span>vide more useful informa<span class=\"_ _0\"></span>tion to investors and other<span class=\"_ _2\"></span> primary users of the \ue615nancial statements. <span class=\"_ _2\"></span>\ue618e amendments to IAS 1 require companies to disclose their<span class=\"_ _0\"></span> material accounting policy inform<span class=\"_ _0\"></span>ation ra<span class=\"_ _0\"></span>ther than their<span class=\"_ _2\"></span> signi\ue615cant accounting policies. <span class=\"_ _0\"></span>\ue618e amendments to IFRS Pr<span class=\"_ _0\"></span>actice Statement 2 prov<span class=\"_ _0\"></span>ide guidance on how<span class=\"_ _0\"></span> to apply the concept of materiality to accountin<span class=\"_ _0\"></span>g poli<span class=\"ws1\">-</span>cy disclosures.<span class=\"_ _0\"></span> \ue618e amendments ar<span class=\"_ _0\"></span>e e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23 with e<span class=\"_ _0\"></span>arly application permitted. <span class=\"_ _2\"></span>\ue618ese amendments have been endorsed by<span class=\"_ _0\"></span> the EU<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a materi<span class=\"_ _0\"></span>al impact to the consolidate<span class=\"_ _0\"></span>d \ue615nancial statements of the Group<span class=\"_ _2\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"wscc\">Amendments to IAS 8</span><span class=\"ff1\"> <span class=\"_ _54\"></span><span class=\"ff75 wseb\">Accounting pol<span class=\"_ _0\"></span>icies, Chan<span class=\"_ _0\"></span>ges in Account<span class=\"_ _2\"></span>ing Estimates and Errors: D<span class=\"_ _0\"></span>e\ue61fnition of<span class=\"_ _0\"></span> Account<span class=\"_ _0\"></span>ing </span></span>Estimat<span class=\"_ _0\"></span>esIn Fe<span class=\"_ _0\"></span>bruary 2021,<span class=\"_ _0\"></span> the IASB issued amendments to IAS 8 tha<span class=\"_ _0\"></span>t clarify how companies should dis<span class=\"_ _0\"></span>tinguish changes in a<span class=\"_ _0\"></span>ccount<span class=\"ws1\">-</span>ing policies from chang<span class=\"_ _0\"></span>es in accounting estima<span class=\"_ _0\"></span>tes. <span class=\"_ _2\"></span>\ue618e distinction is important because changes in accounting estim<span class=\"_ _0\"></span>ates are applied prospectiv<span class=\"_ _0\"></span>ely only to futur<span class=\"_ _0\"></span>e transactions and other<span class=\"_ _2\"></span> future events, but chang<span class=\"_ _0\"></span>es in accounting policies are g<span class=\"_ _0\"></span>ener<span class=\"ws1\">-</span>ally also applied retr<span class=\"_ _0\"></span>ospectively to pas<span class=\"_ _0\"></span>t transactions and other<span class=\"_ _2\"></span> past events.\ue618e amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginning on or<span class=\"_ _2\"></span> after January 1, 20<span class=\"_ _2\"></span>23 with early application permitted.<span class=\"_ _0\"></span> \ue618ese amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e application of this amendment will not hav<span class=\"_ _0\"></span>e a mate<span class=\"ws1\">-</span>rial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Group<span class=\"_ _2\"></span>. Amendments to IAS <span class=\"ff75\">12 Income <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>axes: Def<span class=\"_ _0\"></span>erred <span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>ax related to Assets and L<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities ar<span class=\"_ _0\"></span>ising from a S<span class=\"_ _0\"></span>ingle <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction</span>In May 20<span class=\"_ _0\"></span>21, the IASB issue<span class=\"_ _0\"></span>d amendments to IAS 12 that clarify how<span class=\"_ _0\"></span> companies should account for<span class=\"_ _0\"></span> deferred tax on tr<span class=\"_ _2\"></span>ans<span class=\"ws1\">-</span>actions such as leases and decommis<span class=\"_ _0\"></span>sioning obligations. IAS 12\ue69d<span class=\"_ _2\"></span><span class=\"ff11 ws11\">Income T<span class=\"_ _2\"></span>axes<span class=\"ff1 ws2b\">\ue69dspeci\ue615es ho<span class=\"_ _0\"></span>w a compan<span class=\"_ _0\"></span>y accounts for<span class=\"_ _0\"></span> income </span></span>tax, including deferr<span class=\"_ _0\"></span>ed tax, <span class=\"_ _0\"></span>which represents tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able or r<span class=\"_ _0\"></span>ecover<span class=\"_ _2\"></span>able in the future.<span class=\"_ _0\"></span> In speci\ue615ed circumstances,<span class=\"_ _2\"></span> compa<span class=\"ws1\">-</span>nies are ex<span class=\"_ _0\"></span>empt from recognizing def<span class=\"_ _0\"></span>erred tax when they<span class=\"_ _0\"></span> recognize assets or<span class=\"_ _2\"></span> liabilities for the \ue615rst time<span class=\"_ _2\"></span>. Previously<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> there had been some uncertainty about <span class=\"_ _0\"></span>whether the e<span class=\"_ _0\"></span>xemption applied to tr<span class=\"_ _0\"></span>ansactions such as le<span class=\"_ _0\"></span>ases and decommissioning obligations, tr<span class=\"_ _2\"></span>ansactions for which comp<span class=\"_ _0\"></span>anies recognize both an asset and a li<span class=\"_ _0\"></span>ability<span class=\"_ _2\"></span>.\ue69d<span class=\"_ _22\"></span>\ue618e amendments clarify that the exemption does not apply and th<span class=\"_ _0\"></span>at companies are r<span class=\"_ _0\"></span>equired to r<span class=\"_ _0\"></span>ecognize deferred tax on s<span class=\"_ _0\"></span>uch transactions.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e aim of the amendments is to reduce diversit<span class=\"_ _0\"></span>y in the reporting of deferre<span class=\"_ _0\"></span>d tax on leases and decommissioning oblig<span class=\"_ _0\"></span>ations.\ue618e amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginning on or<span class=\"_ _2\"></span> after January 1, 20<span class=\"_ _2\"></span>23 with early application permitted.<span class=\"_ _0\"></span> \ue618ese amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e application of this amendment will not hav<span class=\"_ _0\"></span>e a mate<span class=\"ws1\">-</span>rial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Group<span class=\"_ _2\"></span>.\ue618e followin<span class=\"_ _0\"></span>g changes ha<span class=\"_ _0\"></span>ve not been elabor<span class=\"_ _2\"></span>ated on as the Group does not expect these to hav<span class=\"_ _0\"></span>e a material impa<span class=\"_ _0\"></span>ct to the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements. <span class=\"_ _2\"></span>\ue618ese relate to: \u2022 <span class=\"_ _33b\"> </span><span class=\"ws28\">IFRS 1<span class=\"_ _0\"></span>7 <span class=\"ff75 ws1d\">Insur<span class=\"_ _0\"></span>ance Contracts<span class=\"ff1 wsca\"> (is<span class=\"_ _0\"></span>sued on May 18,<span class=\"_ _0\"></span> 201<span class=\"_ _0\"></span>7); including Amendments to IFRS 1<span class=\"_ _0\"></span>7 (issued on June 25,<span class=\"_ _0\"></span> 2020) - en<span class=\"ws1\">-</span></span></span></span>dorsed e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23;\u2022 <span class=\"_ _33b\"> </span><span class=\"ws84\">Amendments to IFR<span class=\"_ _0\"></span>S 17 <span class=\"ff75\">Insur<span class=\"_ _2\"></span>ance Contracts<span class=\"ff1 ls67 ws70\">: initial application of IFRS 1<span class=\"_ _0\"></span>7 and IFRS 9 Compar<span class=\"_ _2\"></span>ative Information (issued </span></span></span>on December 9,<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>) \u2013 endorsed e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__8": {
   "value": ". REPOR<span class=\"_ _2\"></span>TING ENTITYAgfa-Gev<span class=\"_ _2\"></span>aert NV (\u2018the Compan<span class=\"_ _0\"></span>y\u2019) is a company es<span class=\"_ _0\"></span>tablished in Belgium. <span class=\"_ _2\"></span>\ue618e address of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s register<span class=\"_ _0\"></span>ed o\ue616ce is Septestra<span class=\"_ _0\"></span>at 27<span class=\"_ _2\"></span>, 264<span class=\"_ _0\"></span>0 Mortsel.\ue618e 2022 C<span class=\"_ _0\"></span>onsolidated Financial Statements of the Gr<span class=\"_ _0\"></span>oup include the Compan<span class=\"_ _0\"></span>y and 99<span class=\"ff5 fc37 ls1 ws1\"> <span class=\"_ _22\"></span></span>consolidated subsidiaries (2<span class=\"_ _0\"></span>021: 96 consolidated subsidiaries<span class=\"_ _0\"></span>) controlled by<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. Inv<span class=\"_ _0\"></span>estments in subsidiaries are lis<span class=\"_ _0\"></span>ted in Note 42.Non-controlling inter<span class=\"_ _0\"></span>ests have a m<span class=\"_ _0\"></span>aterial interest in nine s<span class=\"_ _0\"></span>ubsidiaries in grea<span class=\"_ _0\"></span>ter China and the <span class=\"_ _0\"></span>ASEAN region. <span class=\"_ _2\"></span>\ue618e \ue615nancials are explaine<span class=\"_ _0\"></span>d in Note 37<span class=\"_ _2\"></span>.8. In Europe<span class=\"_ _2\"></span>, there are a few<span class=\"_ _0\"></span> subsidiaries in which non-controllin<span class=\"_ _0\"></span>g interests hav<span class=\"_ _0\"></span>e an interest that is of minor importance to the Gr<span class=\"_ _0\"></span>oup.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__7-1": {
   "value": ". REPOR<span class=\"_ _2\"></span>TING ENTITYAgfa-Gev<span class=\"_ _2\"></span>aert NV (\u2018the Compan<span class=\"_ _0\"></span>y\u2019) is a company es<span class=\"_ _0\"></span>tablished in Belgium. <span class=\"_ _2\"></span>\ue618e address of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s register<span class=\"_ _0\"></span>ed o\ue616ce is Septestra<span class=\"_ _0\"></span>at 27<span class=\"_ _2\"></span>, 264<span class=\"_ _0\"></span>0 Mortsel.\ue618e 2022 C<span class=\"_ _0\"></span>onsolidated Financial Statements of the Gr<span class=\"_ _0\"></span>oup include the Compan<span class=\"_ _0\"></span>y and 99<span class=\"ff5 fc37 ls1 ws1\"> <span class=\"_ _22\"></span></span>consolidated subsidiaries (2<span class=\"_ _0\"></span>021: 96 consolidated subsidiaries<span class=\"_ _0\"></span>) controlled by<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. Inv<span class=\"_ _0\"></span>estments in subsidiaries are lis<span class=\"_ _0\"></span>ted in Note 42.Non-controlling inter<span class=\"_ _0\"></span>ests have a m<span class=\"_ _0\"></span>aterial interest in nine s<span class=\"_ _0\"></span>ubsidiaries in grea<span class=\"_ _0\"></span>ter China and the <span class=\"_ _0\"></span>ASEAN region. <span class=\"_ _2\"></span>\ue618e \ue615nancials are explaine<span class=\"_ _0\"></span>d in Note 37<span class=\"_ _2\"></span>.8. In Europe<span class=\"_ _2\"></span>, there are a few<span class=\"_ _0\"></span> subsidiaries in which non-controllin<span class=\"_ _0\"></span>g interests hav<span class=\"_ _0\"></span>e an interest that is of minor importance to the Gr<span class=\"_ _0\"></span>oup.PERFORMANCE <span class=\"_ _54\"></span>OF THE YEAR\ue618e HealthCar<span class=\"_ _0\"></span>e IT and Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals divisions posted sales gr<span class=\"_ _0\"></span>owth ex<span class=\"_ _0\"></span>cluding currency impact.<span class=\"_ _2\"></span> Mainly due to price increases,<span class=\"_ _2\"></span> O\ue614set Solutions\u2019 top line rem<span class=\"_ _0\"></span>ained stable and Radiology Solutions<span class=\"_ _2\"></span>\u2019 medical \ue615lm business w<span class=\"_ _0\"></span>as heav<span class=\"_ _0\"></span>ily impac<span class=\"_ _22\"></span>ted <span class=\"_ _22\"></span>by t<span class=\"_ _22\"></span>he C<span class=\"_ _22\"></span>OVID-<span class=\"_ _22\"></span>loc<span class=\"_ _22\"></span>kdowns<span class=\"_ _22\"></span> in<span class=\"_ _22\"></span> Chi<span class=\"_ _22\"></span>na. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s gros<span class=\"_ _0\"></span>s pro\ue615t margin rem<span class=\"_ _0\"></span>ained stable at 28.5% of rev<span class=\"_ _0\"></span>enue,<span class=\"_ _2\"></span> mainly due<span class=\"_ _0\"></span> to price incr<span class=\"_ _0\"></span>ease actions to ta<span class=\"_ _0\"></span>ckle the strong impa<span class=\"_ _0\"></span>ct of cost in\ue617ation and supply chain issues.<span class=\"_ _2\"></span> Adju<span class=\"_ _0\"></span>ste<span class=\"_ _2\"></span>d EBIT<span class=\"_ _0\"></span>D<span class=\"_ _2\"></span>A w<span class=\"_ _2\"></span>as in\ue617<span class=\"_ _0\"></span>uenc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> by<span class=\"_ _2\"></span> in\ue617ationary pressure<span class=\"_ _0\"></span>, disrupted s<span class=\"_ _0\"></span>upply chains and industrial ine\ue616ciencies in the fourth quarter<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> HealthCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> 2022 <span class=\"_ _0\"></span>was a y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> consolidation, as the f<span class=\"_ _0\"></span>ocus turned tow<span class=\"_ _2\"></span>ards pro\ue615table grow<span class=\"_ _0\"></span>th. As sho<span class=\"_ _0\"></span>wn by the pos<span class=\"ws1\">-</span>itive development of the or<span class=\"_ _0\"></span>der intak<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, the division<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s str<span class=\"_ _2\"></span>ategy to target customer segments and g<span class=\"_ _0\"></span>eographies for<span class=\"_ _2\"></span> which its <span class=\"_ _56\"></span><span class=\"ws1\"> </span>Enterprise Imaging solution is best \ue615t and to prioritize hig<span class=\"_ _0\"></span>her v<span class=\"_ _2\"></span>alue revenue stre<span class=\"_ _0\"></span>ams is working and deliv<span class=\"_ _0\"></span>ering.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is strat<span class=\"ws1\">-</span>egy will ultimate<span class=\"_ _0\"></span>ly allow the division to r<span class=\"_ _0\"></span>each the tar<span class=\"_ _0\"></span>geted gro<span class=\"_ _0\"></span>wth of EBITDA: s<span class=\"_ _0\"></span>tarting from a mid-single-digit per<span class=\"_ _0\"></span>centage in 2019 to percentag<span class=\"_ _0\"></span>es in the high-teens over<span class=\"_ _2\"></span> the next years.<span class=\"_ _0\"></span> Due to increased momentum in the second h<span class=\"_ _0\"></span>alf of the year<span class=\"_ _2\"></span>, the HealthCar<span class=\"_ _0\"></span>e IT div<span class=\"_ _0\"></span>ision<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s top line incre<span class=\"_ _0\"></span>ased in North America and Eur<span class=\"_ _0\"></span>ope versus the pr<span class=\"_ _0\"></span>evious ye<span class=\"_ _2\"></span>ar.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e growth <span class=\"_ _0\"></span>was driv<span class=\"_ _0\"></span>en by the rev<span class=\"_ _0\"></span>enue recognition from a number<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> important contra<span class=\"_ _0\"></span>cts, as we<span class=\"_ _0\"></span>ll as a stabilization of recurring r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>. For<span class=\"_ _2\"></span> Radiology Solutions, mainly in China,<span class=\"_ _0\"></span> the medical \ue615lm business w<span class=\"_ _0\"></span>as impacted b<span class=\"_ _0\"></span>y the COVID situa<span class=\"_ _0\"></span>tion. <span class=\"_ _2\"></span>\ue618e current <span class=\"_ _56\"></span><span class=\"ws1\"> </span>geopolitical situation and slo<span class=\"_ _0\"></span>wer th<span class=\"_ _0\"></span>an normal volumes in some e<span class=\"_ _0\"></span>xport markets also had an imp<span class=\"_ _0\"></span>act. <span class=\"_ _2\"></span>\ue618e market driven top<span class=\"ws1\"> </span>line decline for the C<span class=\"_ _0\"></span>omputed Radiograph<span class=\"_ _2\"></span>y business was further<span class=\"_ _2\"></span> ampli\ue615ed by the current geopolitical situation and <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>component shortages. <span class=\"_ _0\"></span>Agfa continues to manag<span class=\"_ _0\"></span>e the CR business to maintain he<span class=\"_ _0\"></span>althy pro\ue615t m<span class=\"_ _0\"></span>argins. F<span class=\"_ _2\"></span>ollowing a <span class=\"_ _83\"></span><span class=\"ws1\"> </span>number of slow<span class=\"_ _0\"></span>er quarters,<span class=\"_ _2\"></span> the Direct Radiography<span class=\"_ _0\"></span> business\u2019<span class=\"_ _2\"></span> revenue started to pick up in the second half of the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. Strong sales gro<span class=\"_ _0\"></span>wth w<span class=\"_ _0\"></span>as recorde<span class=\"_ _0\"></span>d in ASP<span class=\"_ _2\"></span>AC and LA<span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>AM. In a number of countries in those regions,<span class=\"_ _2\"></span> \ue615rst-of-a-kind installations w<span class=\"_ _0\"></span>ere re<span class=\"_ _0\"></span>alized w<span class=\"_ _0\"></span>ith sever<span class=\"_ _0\"></span>al systems,<span class=\"_ _0\"></span> including high-end modalities and the r<span class=\"_ _0\"></span>ecent<span class=\"ws1\">-</span>ly introduced <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>ALOR<span class=\"_ _2\"></span>Y X-r<span class=\"_ _0\"></span>ay r<span class=\"_ _0\"></span>oom. Furthermore<span class=\"_ _2\"></span>, Agfa has tak<span class=\"_ _2\"></span>en measures to deal w<span class=\"_ _0\"></span>ith the post-COVID mar<span class=\"_ _2\"></span><span class=\"ws1\">-</span>ket v<span class=\"_ _0\"></span>olatility<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>ecently<span class=\"_ _2\"></span>, the DR mark<span class=\"_ _0\"></span>et saw the entry of sever<span class=\"_ _0\"></span>al new competitors with lo<span class=\"_ _0\"></span>w-cost solutions.<span class=\"_ _0\"></span> <span class=\"_ _1ba\"></span> <span class=\"_ _1ba\"></span><span class=\"ws1\"> </span>\ue618e order<span class=\"_ _0\"></span> book for<span class=\"_ _0\"></span> DR remains str<span class=\"_ _0\"></span>ong,<span class=\"_ _0\"></span> with continuously long<span class=\"_ _0\"></span>er con<span class=\"_ _0\"></span>version le<span class=\"_ _0\"></span>ad times a\ue614ected by the s<span class=\"_ _0\"></span>upply chain en<span class=\"ws1\">-</span>vironments.<span class=\"_ _0\"></span> Agfa is takin<span class=\"_ _0\"></span>g actions (right-sizing of the organization,<span class=\"_ _2\"></span> relocations, costs control actions,<span class=\"_ _2\"></span> price increases, net working capital actions<span class=\"_ _0\"></span>) to increase the business<span class=\"_ _2\"></span>\u2019 agility and to better<span class=\"_ _0\"></span> adapt it to the current mark<span class=\"_ _0\"></span>et conditions. In the course of the fourth quarter<span class=\"_ _2\"></span>, the Group has teste<span class=\"_ _0\"></span>d the goodwill attributed to the CGU Ra<span class=\"_ _0\"></span>diology Solutions for im<span class=\"ws1\">-</span>pairment, takin<span class=\"_ _0\"></span>g into account the \ue615ve-ye<span class=\"_ _0\"></span>ar busines<span class=\"_ _0\"></span>s plan approv<span class=\"_ _0\"></span>ed by the Boar<span class=\"_ _2\"></span>d of<span class=\"_ _22\"></span> Directors w<span class=\"_ _0\"></span>ith a substantially incre<span class=\"_ _2\"></span>ased W<span class=\"_ _2\"></span>ACC.<span class=\"_ _0\"></span> As a result of these tests,<span class=\"_ _0\"></span> the calculated v<span class=\"_ _2\"></span>alue in use of the CGU Radiology Solutions was low<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an its carrying amount and an impairment loss w<span class=\"_ _2\"></span>as recognized on goodw<span class=\"_ _0\"></span>ill (70 million Euro<span class=\"_ _0\"></span>) and intangible assets (3 million Euro) (<span class=\"_ _0\"></span>see Note 2<span class=\"_ _0\"></span>7).  In the \ue615eld of digital print, the top line of the sign &amp; display<span class=\"_ _0\"></span> business grew str<span class=\"_ _0\"></span>ongly<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e ink product ran<span class=\"_ _0\"></span>ges for<span class=\"_ _0\"></span> sign &amp; display applications perf<span class=\"_ _0\"></span>ormed well thr<span class=\"_ _0\"></span>oughout the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. In spite of industry-wide logistic challeng<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> the high-end equipment, the w<span class=\"_ _0\"></span>ide-format printing equipment business poste<span class=\"_ _0\"></span>d solid revenue gr<span class=\"_ _0\"></span>owth. In the \ue615e<span class=\"_ _0\"></span>ld of industrial inkjet, the d\u00e9cor printing busines<span class=\"_ _0\"></span>s was imp<span class=\"_ _0\"></span>acted by<span class=\"_ _0\"></span> the weak<span class=\"_ _2\"></span>ening economic environment,<span class=\"_ _0\"></span> as customers are postponing in<span class=\"_ _0\"></span>vestments in their digitization pr<span class=\"_ _0\"></span>ocess. <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>olumes for OEM inks decr<span class=\"_ _0\"></span>eased due to the lock<span class=\"_ _0\"></span>downs in China,<span class=\"_ _0\"></span> the unstable geopolitical situation and the we<span class=\"_ _2\"></span>ak economic environment.Mainly due to price incre<span class=\"_ _0\"></span>ases, O\ue614set Solutions<span class=\"_ _0\"></span>\u2019 top line r<span class=\"_ _0\"></span>emained stable<span class=\"_ _2\"></span>. \ue618e div<span class=\"_ _0\"></span>ision continued to focus on high-v<span class=\"_ _0\"></span>alue re<span class=\"ws1\">-</span>gions, concentr<span class=\"_ _0\"></span>ating on margins r<span class=\"_ _2\"></span>ather than volumes.<span class=\"_ _0\"></span> In spite of the lower<span class=\"_ _0\"></span> volumes the succes<span class=\"_ _0\"></span>sful implementation of price increases to ta<span class=\"_ _0\"></span>ckle the over<span class=\"_ _0\"></span>all cost in\ue617ation,<span class=\"_ _0\"></span> among others for r<span class=\"_ _2\"></span>aw materials, p<span class=\"_ _0\"></span>ackaging and freight le<span class=\"_ _0\"></span>d to top line growth.<span class=\"_ _0\"></span> Although a\ue614ected by<span class=\"_ _0\"></span> cost in\ue617ation, the gr<span class=\"_ _0\"></span>oss pro\ue615t margin impr<span class=\"_ _0\"></span>oved fr<span class=\"_ _0\"></span>om 20.4% of rev<span class=\"_ _0\"></span>enue in 2021 to 2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>7% due to the implemented price adjustments and the focus on high-v<span class=\"_ _2\"></span>alue regions. Adjuste<span class=\"_ _0\"></span>d EBITDA<span class=\"_ _0\"></span> improv<span class=\"_ _0\"></span>ed strong<span class=\"_ _0\"></span>ly<span class=\"_ _2\"></span>.In Augus<span class=\"_ _0\"></span>t 2022,<span class=\"_ _0\"></span> the Agf<span class=\"_ _0\"></span>a-Gevaert Gr<span class=\"_ _0\"></span>oup has signed a share pur<span class=\"_ _0\"></span>chase agreement w<span class=\"_ _0\"></span>ith A<span class=\"_ _0\"></span>URELIUS Group for<span class=\"_ _0\"></span> the sale of its O\ue614set Solutions division. Both p<span class=\"_ _0\"></span>arties aim to complete the transaction in the \ue615rs<span class=\"_ _0\"></span>t week<span class=\"_ _0\"></span> of April, 20<span class=\"_ _0\"></span>23. Over<span class=\"_ _0\"></span>all, the Agf<span class=\"_ _0\"></span>a-Gev<span class=\"_ _0\"></span>aert Group expects a signi\ue615cant impr<span class=\"_ _0\"></span>ovement in pr<span class=\"_ _0\"></span>o\ue615tability in the full y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>3 versus 20<span class=\"_ _0\"></span>22. <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>\ue618e HealthCar<span class=\"_ _0\"></span>e IT div<span class=\"_ _0\"></span>ision<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s grow<span class=\"_ _0\"></span>th strategy is e<span class=\"_ _0\"></span>xpected to deliver<span class=\"_ _2\"></span> top line growth, as w<span class=\"_ _0\"></span>ell as double-digit adjusted <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>EBITD<span class=\"_ _0\"></span>A grow<span class=\"_ _0\"></span>th in 2023.<span class=\"_ _0\"></span> In Radiology Solutions, s<span class=\"_ _0\"></span>tability is expected,<span class=\"_ _2\"></span> with continuous margin pressur<span class=\"_ _0\"></span>e for medical \ue615lm.<span class=\"_ _2\"></span> \ue618e progress in Dir<span class=\"_ _0\"></span>ect Radiograph<span class=\"_ _2\"></span>y that was r<span class=\"_ _0\"></span>ecorded in the second half of 20<span class=\"_ _0\"></span>22 is expected to continue<span class=\"_ _2\"></span>. For<span class=\"_ _0\"></span> Digital Print &amp; Chemicals, the division e<span class=\"_ _0\"></span>xpects to restore pr<span class=\"_ _0\"></span>o\ue615tability<span class=\"_ _2\"></span>, b<span class=\"_ _0\"></span>ased on pricing actions and on positiv<span class=\"_ _0\"></span>e contributions from the Inca acquisition and the ZIRFON membranes.<span class=\"_ _2\"></span> \ue618e revenue g<span class=\"_ _0\"></span>enerate<span class=\"_ _0\"></span>d by ZIRFON will continue to gr<span class=\"_ _0\"></span>ow v<span class=\"_ _0\"></span>ery strongly<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Business continuity in Russia\ue618e Agfa Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s business in Russia concerns less than 2% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s turnover<span class=\"_ _2\"></span>, and the m<span class=\"_ _0\"></span>ajority rel<span class=\"_ _0\"></span>ates to the Radiol<span class=\"ws1\">-</span>ogy Solutions business. <span class=\"_ _0\"></span>Agfa is not producing in Rus<span class=\"_ _0\"></span>sia. Some <span class=\"_ _0\"></span>Agfa products,<span class=\"_ _0\"></span> such as o\ue614set equipment and ink products can no longer<span class=\"_ _0\"></span> be shipped to Russia/Belar<span class=\"_ _0\"></span>us due to EU r<span class=\"_ _0\"></span>estrictive meas<span class=\"_ _0\"></span>ures. <span class=\"_ _0\"></span>Within the limits set b<span class=\"_ _0\"></span>y the EU and competent national authorities,<span class=\"_ _0\"></span> Agfa <span class=\"_ _0\"></span>will continue using commerci<span class=\"_ _0\"></span>ally reason<span class=\"_ _0\"></span>able e\ue614orts to deliver<span class=\"_ _2\"></span> and ship any una\ue614ected, or<span class=\"_ _2\"></span>dered goods. <span class=\"_ _0\"></span>Agfa has no assets and no personne<span class=\"_ _0\"></span>l in Ukraine tha<span class=\"_ _0\"></span>t is a\ue614ected by the ong<span class=\"_ _0\"></span>oing crisis.   Indirect e\ue614ects from the situ<span class=\"_ _0\"></span>ation in Russia/Ukr<span class=\"_ _0\"></span>aine mainly rel<span class=\"_ _0\"></span>ate to expected cre<span class=\"_ _0\"></span>dit losses on trade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and lease receiv<span class=\"_ _0\"></span>ables, r<span class=\"_ _0\"></span>estricted cash and the re<span class=\"_ _0\"></span>alization of the business plan in the Radiology Solutions business taking into a<span class=\"_ _0\"></span>ccount increase<span class=\"_ _0\"></span>d in\ue617ation and increase<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ates. <span class=\"_ _2\"></span>\ue618e Agfa Group has t<span class=\"_ _0\"></span>wo subsidiaries of minor<span class=\"_ _0\"></span> importance in Russia and the outstanding 3rd p<span class=\"_ _0\"></span>arty tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables amount to 1 million Eur<span class=\"_ _0\"></span>o at the end of December 20<span class=\"_ _0\"></span>22. Durin<span class=\"_ _0\"></span>g 2022,<span class=\"_ _0\"></span> turnover<span class=\"_ _2\"></span> realiz<span class=\"_ _0\"></span>ed in Russia amount to 25 million Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ere is no restricte<span class=\"_ _0\"></span>d cash in these two legal entities.. <span class=\"_ _2\"></span>ALTERNA<span class=\"_ _2\"></span>TIVE PERFORMANCE<span class=\"_ _0\"></span> MEASUREManagement has pr<span class=\"_ _0\"></span>esented the performance meas<span class=\"_ _0\"></span>ures \u2018<span class=\"_ _1\"></span>Adjusted EBIT\u2019 and <span class=\"_ _0\"></span>\u2018<span class=\"_ _1\"></span>Adjusted EBITDA<span class=\"_ _1\"></span>\u2019 because it monitors these performance meas<span class=\"_ _0\"></span>ures by div<span class=\"_ _0\"></span>ision and believes that these me<span class=\"_ _0\"></span>asures ar<span class=\"_ _0\"></span>e relev<span class=\"_ _0\"></span>ant to an understanding of the \ue615nancial per<span class=\"_ _2\"></span><span class=\"ws1\">-</span>formance of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operatin<span class=\"_ _0\"></span>g segments.\u2018<span class=\"_ _1\"></span>Adjusted EBIT\u2019 is the result from oper<span class=\"_ _2\"></span>ating activities before res<span class=\"_ _0\"></span>tructuring and non-recurring items.\u2018<span class=\"_ _1\"></span>Adjusted EBITDA<span class=\"_ _1\"></span>\u2019 is the result from oper<span class=\"_ _2\"></span>ating activities before depreci<span class=\"_ _0\"></span>ation, amortization,<span class=\"_ _0\"></span> restructurin<span class=\"_ _0\"></span>g expenses and non-recurring items.<span class=\"_ _0\"></span> Restructuring expenses m<span class=\"_ _0\"></span>ainly rela<span class=\"_ _0\"></span>te to employee re<span class=\"_ _0\"></span>lated termination costs.<span class=\"_ _2\"></span> \ue618ese costs are pr<span class=\"_ _0\"></span>esent<span class=\"ws1\">-</span>ed in Other e<span class=\"_ _0\"></span>xpense (see Note 9.2).At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> non-recurring items amount to 160 million E<span class=\"_ _0\"></span>uro and mainly comprise impairment los<span class=\"_ _0\"></span>ses on Goodwill of 70 million Euro  (Ra<span class=\"_ _0\"></span>diology Solutions), imp<span class=\"_ _0\"></span>airment losses on intangible assets of 3 million Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> impairment losses on Property<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Plant &amp; Equipment of 26 million Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> Impairment losses on Right-of-use <span class=\"_ _0\"></span>Assets of 15 million Euro<span class=\"_ _2\"></span>, strategic transform<span class=\"_ _0\"></span>ation projects rel<span class=\"_ _0\"></span>ated costs of 36 million Eur<span class=\"_ _0\"></span>o (stand-alone of O\ue614set Solutions and changing the org<span class=\"_ _0\"></span>anizational structure into a le<span class=\"_ _0\"></span>an, agile and futur<span class=\"_ _0\"></span>e-oriented structure<span class=\"_ _2\"></span>), lawyer<span class=\"_ _2\"></span> expenses of 4 million Euro,<span class=\"_ _0\"></span> an exception<span class=\"_ _0\"></span>al write-down of inventories of 1 million Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> consultancy expenses on acquisitions and div<span class=\"_ _0\"></span>estitures of 2 million Eur<span class=\"_ _0\"></span>o and a negative pension adjustment of 1 million Euro<span class=\"_ _2\"></span>.At ye<span class=\"_ _2\"></span>ar-end 2021,<span class=\"_ _0\"></span> non-recurring items amount to 13 million E<span class=\"_ _0\"></span>uro and mainly comprise str<span class=\"_ _2\"></span>ategic transformation pr<span class=\"_ _0\"></span>ojects relate<span class=\"_ _0\"></span>d costs of 20 million Euro (<span class=\"_ _0\"></span>stand-alone of O\ue614set Solutions and changing the organiza<span class=\"_ _0\"></span>tional structure into a le<span class=\"_ _0\"></span>an, agile and future-oriented str<span class=\"_ _0\"></span>ucture),<span class=\"_ _2\"></span> lawyer e<span class=\"_ _0\"></span>xpenses of 1 million Euro<span class=\"_ _0\"></span>, an ex<span class=\"_ _0\"></span>ceptional write-dow<span class=\"_ _0\"></span>n of inventories of 1 million Euro<span class=\"_ _2\"></span>, an exceptional write-do<span class=\"_ _0\"></span>wn of unrecov<span class=\"_ _0\"></span>erable b<span class=\"_ _0\"></span>alance sheet amounts of 1 million Euro<span class=\"_ _2\"></span>, a provision r<span class=\"_ _0\"></span>elated to the e<span class=\"_ _0\"></span>xit of a leased fa<span class=\"_ _0\"></span>cility in the US of 1 million Euro<span class=\"_ _2\"></span>, a gain on the sale of assets of 7 million Euro and a positive pension adjus<span class=\"_ _0\"></span>t<span class=\"ws1\">-</span>ment of 4 million Euro<span class=\"_ _0\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table gives an ov<span class=\"_ _0\"></span>erview of the performance of each r<span class=\"_ _0\"></span>eportable segment.Radiology Digital Print  O\ue615set Reportable segment<span class=\"_ _1f4\"> </span>HealthCare ITTOT<span class=\"_ _0\"></span>ALSolutions&amp; ChemicalsSolutionsMILLION EURO<span class=\"_ _1f5\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9b\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9b\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022</span> (*)Segment result\ue61d\ue61c<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue616\ue61d<span class=\"_ _88\"> </span>(\ue619\ue61f)<span class=\"_ _1bc\"> </span>\ue618<span class=\"_ _88\"> </span>(\ue61d\ue618)<span class=\"_ _88\"> </span>(\ue61d\ue617)<span class=\"_ _a5\"> </span>(\ue61a\ue617)<span class=\"_ _60\"> </span>\ue616\ue619<span class=\"_ _a3\"> </span>(\ue61d\ue61e\ue618)Adjusted EBIT<span class=\"_ _b8\"> </span>\ue61f\ue61f<span class=\"_ _1f3\"> </span>\ue61f\ue61e<span class=\"_ _8b\"> </span>\ue61a\ue61c<span class=\"_ _60\"> </span>\ue61f\ue61f<span class=\"_ _188\"> </span>\ue619<span class=\"_ _99\"> </span>(\ue61b)<span class=\"_ _99\"> </span>(\ue617)<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue617\ue61d<span class=\"_ _8b\"> </span>\ue618\ue61eAdjusted EBITDA<span class=\"_ _1f6\"> </span>\ue61a\ue61e<span class=\"_ _60\"> </span>\ue61f\ue619<span class=\"_ _60\"> </span>\ue617\ue61d<span class=\"_ _60\"> </span>\ue616\ue619<span class=\"_ _60\"> </span>\ue61d\ue61b<span class=\"_ _1bc\"> </span>\ue61a<span class=\"_ _1f3\"> </span>\ue61d\ue61f<span class=\"_ _60\"> </span>\ue61a\ue617<span class=\"_ _ae\"> </span>\ue61d\ue61f\ue61f<span class=\"_ _9c\"> </span>\ue61d\ue61d\ue61a(*) Segment result: the pro\ue615t from oper<span class=\"_ _2\"></span>ating activities allocated to a reportable segment.Reconciliation of segment adjusted EBIT to results from operating activities<span class=\"_ _1f7\"> </span><span class=\"ffb fc1\">\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022</span></span>Segment adjusted EBIT<span class=\"_ _106\"> </span>\ue617\ue61d<span class=\"_ _60\"> </span>\ue618\ue61eAdjusted EBIT from operating activities not allocated to a reportable segment: mainly related to \u2018Corporate Services\u2019<span class=\"_ _f4\"> </span>(\ue61d\ue61b)<span class=\"_ _a5\"> </span>(\ue61d\ue61b)Adjusted EBIT<span class=\"_ _1f8\"> </span>42<span class=\"_ _60\"> </span>31Restructuring<span class=\"_ _1f9\"> </span>(\ue61f\ue61e)<span class=\"_ _88\"> </span>(\ue61a\ue61f)Non-recurring<span class=\"_ _110\"> </span>(\ue61d\ue61a)<span class=\"_ _a3\"> </span>(\ue61d\ue617\ue61e)Results from operating activities<span class=\"_ _18\"> </span>9<span class=\"_ _9e\"> </span>(160)Reconciliation of adjusted EBIT to adjusted EBITDAAdjusted EBIT<span class=\"_ _1f8\"> </span>42<span class=\"_ _60\"> </span>31Depreciation and amortization on Intangible assets and PP&amp;E<span class=\"_ _1fa\"> </span>\ue61a\ue616<span class=\"_ _60\"> </span>\ue61a\ue618Depreciation right-of-use assets (IFRS \ue61d\ue617 impact)<span class=\"_ _1fb\"> </span>\ue61f\ue61c<span class=\"_ _60\"> </span>\ue61f\ue61cAdjusted EBITDA<span class=\"_ _1fc\"> </span>104<span class=\"_ _60\"> </span>94Reconciliation of segment adjusted EBITDA to adjusted EBITDASegment adjusted EBITDA<span class=\"_ _1fd\"> </span>122<span class=\"_ _4d\"> </span>113Adjusted EBITDA from operating activities not allocated to a reportable segment: mainly related to \u2018Corporate Services\u2019<span class=\"_ _16d\"> </span>(\ue61d\ue61b)<span class=\"_ _88\"> </span>(\ue61d\ue61b)Adjusted EBITDA<span class=\"_ _1fc\"> </span>104<span class=\"_ _60\"> </span>94",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__6-1": {
   "value": ". REPOR<span class=\"_ _2\"></span>TING ENTITYAgfa-Gev<span class=\"_ _2\"></span>aert NV (\u2018the Compan<span class=\"_ _0\"></span>y\u2019) is a company es<span class=\"_ _0\"></span>tablished in Belgium. <span class=\"_ _2\"></span>\ue618e address of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s register<span class=\"_ _0\"></span>ed o\ue616ce is Septestra<span class=\"_ _0\"></span>at 27<span class=\"_ _2\"></span>, 264<span class=\"_ _0\"></span>0 Mortsel.\ue618e 2022 C<span class=\"_ _0\"></span>onsolidated Financial Statements of the Gr<span class=\"_ _0\"></span>oup include the Compan<span class=\"_ _0\"></span>y and 99<span class=\"ff5 fc37 ls1 ws1\"> <span class=\"_ _22\"></span></span>consolidated subsidiaries (2<span class=\"_ _0\"></span>021: 96 consolidated subsidiaries<span class=\"_ _0\"></span>) controlled by<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. Inv<span class=\"_ _0\"></span>estments in subsidiaries are lis<span class=\"_ _0\"></span>ted in Note 42.Non-controlling inter<span class=\"_ _0\"></span>ests have a m<span class=\"_ _0\"></span>aterial interest in nine s<span class=\"_ _0\"></span>ubsidiaries in grea<span class=\"_ _0\"></span>ter China and the <span class=\"_ _0\"></span>ASEAN region. <span class=\"_ _2\"></span>\ue618e \ue615nancials are explaine<span class=\"_ _0\"></span>d in Note 37<span class=\"_ _2\"></span>.8. In Europe<span class=\"_ _2\"></span>, there are a few<span class=\"_ _0\"></span> subsidiaries in which non-controllin<span class=\"_ _0\"></span>g interests hav<span class=\"_ _0\"></span>e an interest that is of minor importance to the Gr<span class=\"_ _0\"></span>oup.. BASIS<span class=\"_ _0\"></span> OF A<span class=\"_ _0\"></span>CCOUNTING\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements have been pr<span class=\"_ _0\"></span>epare<span class=\"_ _0\"></span>d in accordance w<span class=\"_ _0\"></span>ith the International Financial R<span class=\"_ _0\"></span>eporting Stan<span class=\"ws1\">-</span>dards (IFRS) is<span class=\"_ _0\"></span>sued by the Interna<span class=\"_ _0\"></span>tional Accounting Standar<span class=\"_ _0\"></span>ds Boar<span class=\"_ _0\"></span>d (IASB), as adopted b<span class=\"_ _0\"></span>y the Europe<span class=\"_ _0\"></span>an Union up to December 31,<span class=\"_ _0\"></span> 2022.\ue618e Group has not e<span class=\"_ _0\"></span>arly adopted any<span class=\"_ _0\"></span> new IFRS requir<span class=\"_ _0\"></span>ements that wer<span class=\"_ _0\"></span>e not yet e\ue614ective in 2<span class=\"_ _0\"></span>022.<span class=\"_ _0\"></span> Further inform<span class=\"_ _0\"></span>ation is prov<span class=\"_ _0\"></span>ided in Note 51 \u2018New<span class=\"_ _0\"></span> standards and interpr<span class=\"_ _0\"></span>etations issued but not y<span class=\"_ _0\"></span>et e\ue614ective<span class=\"_ _2\"></span>\u2019 \ue618e consolida<span class=\"_ _0\"></span>ted \ue615nancial statements were authoriz<span class=\"_ _0\"></span>ed for<span class=\"_ _0\"></span> issue by the Bo<span class=\"_ _0\"></span>ard of Directors on Mar<span class=\"_ _0\"></span>ch 21, 20<span class=\"_ _0\"></span>23.. FUNCTIONAL<span class=\"_ _0\"></span> AND<span class=\"_ _0\"></span> PRESENT<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TION CURRENCY\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements are presented in E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, which is the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s functional currency<span class=\"_ _2\"></span>. All \ue615nanci<span class=\"_ _0\"></span>al information presente<span class=\"_ _0\"></span>d in Euro has been r<span class=\"_ _0\"></span>ounded to the near<span class=\"_ _0\"></span>est million, ex<span class=\"_ _0\"></span>cept when otherwise indicated.<span class=\"_ _0\"></span> By using round<span class=\"ws1\">-</span>ed numbers, the sum of line items pr<span class=\"_ _0\"></span>esented in a table may not alw<span class=\"_ _2\"></span>ays match with (<span class=\"_ _0\"></span>sub)totals as this total itself has been rounded to the ne<span class=\"_ _0\"></span>arest million and is not the sum of rounded d<span class=\"_ _0\"></span>ata.. BASIS OF<span class=\"_ _0\"></span> MEASUREMENT\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements have been pr<span class=\"_ _0\"></span>epare<span class=\"_ _0\"></span>d on the historical cost basis ex<span class=\"_ _0\"></span>cept for the f<span class=\"_ _0\"></span>ollowing items in the statement of \ue615nancial position: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Non-deriv<span class=\"_ _0\"></span>ative \ue615nancial instr<span class=\"_ _0\"></span>uments at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss (FVTPL) are measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Debt and equity instruments a<span class=\"_ _0\"></span>t FV<span class=\"_ _0\"></span>OCI are me<span class=\"_ _0\"></span>asured at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Contingent consider<span class=\"_ _2\"></span>ation assumed in a business combination is meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Liabilities for<span class=\"_ _0\"></span> cash-settled shared-b<span class=\"_ _0\"></span>ased pa<span class=\"_ _0\"></span>yments arrang<span class=\"_ _0\"></span>ements are meas<span class=\"_ _0\"></span>ured at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa\">Plan assets attributable to the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s de\ue615ned bene\ue615t retirement plans and other pos<span class=\"_ _0\"></span>t-employment bene\ue615t plans are </span></span>measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue; and <span class=\"_ _87\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__9": {
   "value": "\ue618e consolida<span class=\"_ _0\"></span>ted \ue615nancial statements were authoriz<span class=\"_ _0\"></span>ed for<span class=\"_ _0\"></span> issue by the Bo<span class=\"_ _0\"></span>ard of Directors on Mar<span class=\"_ _0\"></span>ch 21, 20<span class=\"_ _0\"></span>23.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__12": {
   "value": ". USE<span class=\"_ _0\"></span> OF ESTIMA<span class=\"_ _2\"></span>TES <span class=\"_ _0\"></span>AND JUDGMENTSIn preparing these consolid<span class=\"_ _0\"></span>ated \ue615nancial sta<span class=\"_ _0\"></span>tements, manag<span class=\"_ _0\"></span>ement has made judgments and estima<span class=\"_ _0\"></span>tes that a\ue614ect the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s accounting policies and the reported amounts of assets,<span class=\"_ _0\"></span> liabilities,<span class=\"_ _0\"></span> income and expense<span class=\"_ _0\"></span>.Revisions to accounting es<span class=\"_ _0\"></span>timates are recogniz<span class=\"_ _0\"></span>ed prospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>. Accountin<span class=\"_ _0\"></span>g estimates and underlying as<span class=\"_ _0\"></span>sumptions are continually rev<span class=\"_ _0\"></span>iewed but may<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ary from the actual v<span class=\"_ _2\"></span>alues.\ue618e areas in<span class=\"_ _2\"></span>volving a higher degr<span class=\"_ _0\"></span>ee of judgment or complexit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, or<span class=\"_ _0\"></span> areas w<span class=\"_ _0\"></span>here assumptions and estim<span class=\"_ _0\"></span>ates are signi\ue615cant to the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements are listed belo<span class=\"_ _0\"></span>w with r<span class=\"_ _0\"></span>eference to the respectiv<span class=\"_ _0\"></span>e note(s) w<span class=\"_ _0\"></span>here more inform<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\">-</span>tion is disclosed.Area of judgments, assumptions and accounting estimates<span class=\"_ _14f\"> </span>Explanatory notesThe discounted cash \ue613ows used for impairment testing<span class=\"_ _1b7\"> </span>Note \ue61f\ue619 Goodwill and intangible assetsThe assessment of the adequacy of liabilities for pending  Note \ue61d\ue619 Income taxesor expected income tax audits over previous yearsThe recoverability of deferred tax assets<span class=\"_ _1b8\"> </span>Note \ue61d\ue619 Income taxesThe actuarial assumptions used for the measurement  Note \ue61d\ue61a Post-employment bene\ue614tsof de\ue614ned bene\ue614t obligationsRevenue recognition with regard to multiple-element arrangements<span class=\"_ _dd\"> </span>Note \ue61c RevenueImpairment of \ue614nancial assets expected credit losses<span class=\"_ _1b9\"> </span>Note \ue61f\ue61f.\ue61f Expected credit lossesAdditionally<span class=\"_ _2\"></span>, m<span class=\"_ _0\"></span>anagement has made signi\ue615cant judgments and es<span class=\"_ _0\"></span>timates on the presentation and disclos<span class=\"_ _0\"></span>ure of <span class=\"_ _20\"></span><span class=\"ws1\"> </span>the planned sale of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \u2018<span class=\"_ _0\"></span>O\ue614set Solutions<span class=\"_ _0\"></span>\u2019 business.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ese judgments and estimates are e<span class=\"_ _0\"></span>xplained in more detail hereaf<span class=\"_ _0\"></span>ter<span class=\"_ _2\"></span>.4.<span class=\"_ _2\"></span>1 Management\u2019s judgment on presenting and disclosing \u2018O\ue61eset Solutions\u2019 as \u2018Net assets held for sale and discontinued operations\u2019 \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has concluded th<span class=\"_ _0\"></span>at the criteria as described in IFRS 5 <span class=\"_ _0\"></span>\u2018<span class=\"_ _0\"></span>non-current assets held for<span class=\"_ _2\"></span> sale and dis<span class=\"ws1\">-</span>continued opera<span class=\"_ _0\"></span>tions\u2019<span class=\"_ _0\"></span> hav<span class=\"_ _0\"></span>e not been met as per December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22. <span class=\"_ _0\"></span>According to this stand<span class=\"_ _0\"></span>ard, <span class=\"_ _0\"></span>when the carrying amount of the net assets attributable to a disposal group (in this case the O\ue614set Solutions business<span class=\"_ _0\"></span>) will be reco<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>d principally through a sale tr<span class=\"_ _0\"></span>ansaction, r<span class=\"_ _0\"></span>elated net assets,<span class=\"_ _0\"></span> opera<span class=\"_ _0\"></span>tions and cash\ue617ows are to be pr<span class=\"_ _0\"></span>esented in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s primary \ue615nancial statements as \u2018<span class=\"_ _0\"></span>held for<span class=\"_ _0\"></span> sale and discontinued opera<span class=\"_ _0\"></span>tions\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618is is only the case when the disposal group is av<span class=\"_ _2\"></span>ailable for im<span class=\"ws1\">-</span>mediate sale in its present condition <span class=\"_ _0\"></span>subject only to terms that are us<span class=\"_ _0\"></span>ual and customary for<span class=\"_ _0\"></span> sales of such disposal groups,<span class=\"_ _0\"></span> and its sale is highly prob<span class=\"_ _0\"></span>able.As per <span class=\"_ _0\"></span>August 30<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has entered into an agreement <span class=\"_ _0\"></span>with a \ue615nancial gr<span class=\"_ _0\"></span>oup A<span class=\"_ _0\"></span>URELIUS to sell the O\ue614set Solu<span class=\"ws1\">-</span>tions business. Manag<span class=\"_ _0\"></span>ement expects completion to tak<span class=\"_ _0\"></span>e place on April 3,<span class=\"_ _0\"></span> 2023,<span class=\"_ _2\"></span> after all regulatory appr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>als have been obtained and all carve-out steps hav<span class=\"_ _0\"></span>e been completed. In the me<span class=\"_ _0\"></span>antime<span class=\"_ _0\"></span>, O\ue614set Solutions will r<span class=\"_ _0\"></span>emain part of the Group and operations <span class=\"_ _0\"></span>will continue as usual.One of the most important carve-out steps to be completed befor<span class=\"_ _0\"></span>e Closing is the carve-out in US and Canada of the O\ue614set Solutions\u2019<span class=\"_ _2\"></span> business from the remainder of its oper<span class=\"_ _0\"></span>ations in Digital Print &amp; Chemicals.<span class=\"_ _0\"></span>  \ue618ese carve-outs <span class=\"_ _0\"></span>will be accompa<span class=\"ws1\">-</span>nied by the implementation of new tr<span class=\"_ _2\"></span>ansactional systems for<span class=\"_ _0\"></span> the O\ue614set Solutions activities w<span class=\"_ _0\"></span>ithin the entities founded for<span class=\"_ _0\"></span> the purpose of these carve-out transactions.<span class=\"_ _0\"></span> Next to Eur<span class=\"_ _0\"></span>ope,<span class=\"_ _2\"></span> the North American region is one of the most important v<span class=\"_ _0\"></span>alue regions for<span class=\"_ _0\"></span> O\ue614set Solutions and thus also for the perimeter<span class=\"_ _2\"></span> of the planned disposal towar<span class=\"_ _0\"></span>ds the A<span class=\"_ _0\"></span>URELIUS Group<span class=\"_ _0\"></span>. North <span class=\"_ _0\"></span>America plays an important role in terms of gross margin as w<span class=\"_ _0\"></span>ell as price evolution,<span class=\"_ _0\"></span> both in \ue615lm and plates. It is also <span class=\"_ _0\"></span>worth mentioning this region is sour<span class=\"_ _0\"></span>ced with plates produced in E<span class=\"_ _0\"></span>urope and as such supports the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s production infrastructur<span class=\"_ _0\"></span>e in Germany<span class=\"_ _0\"></span> (Wiesba<span class=\"_ _0\"></span>den): in 202<span class=\"_ _0\"></span>2 the North American region r<span class=\"_ _0\"></span>epresented 28% of the production v<span class=\"_ _0\"></span>olume of this factory<span class=\"_ _2\"></span>. In addition,<span class=\"_ _0\"></span> the presence of O\ue614set Solutions\u2019<span class=\"_ _2\"></span> business in US and Canada is also important from a str<span class=\"_ _0\"></span>ategic point of view<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> more speci\ue615cally in regar<span class=\"_ _2\"></span>ds of<span class=\"_ _22\"></span> the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s competitive positioning<span class=\"_ _0\"></span>. It is therefor<span class=\"_ _0\"></span>e clear<span class=\"_ _0\"></span> that the North <span class=\"_ _0\"></span>American region forms an essential p<span class=\"_ _0\"></span>art in the planned sale transaction of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s O\ue614set Solutions business. \ue618e separ<span class=\"_ _0\"></span>ation of the O\ue614set Solutions business from the remainder<span class=\"_ _2\"></span> of the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s activities in US and Can<span class=\"_ _0\"></span>ada, r<span class=\"_ _0\"></span>equires the implementation of a new transa<span class=\"_ _0\"></span>ctional system (S<span class=\"_ _0\"></span>AP ERP) in both countries. <span class=\"_ _2\"></span>\ue618is SAP ERP system should encompas<span class=\"_ _0\"></span>s all the core business proces<span class=\"_ _0\"></span>ses needed to run a compan<span class=\"_ _2\"></span>y: \ue615nance,<span class=\"_ _0\"></span> HR, supply ch<span class=\"_ _0\"></span>ain, services, pr<span class=\"_ _0\"></span>ocurement, <span class=\"_ _0\"></span>and others. In the ex<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\">-</span>cution of separa<span class=\"_ _0\"></span>ting the O\ue614set Solutions business in US and Canada,<span class=\"_ _2\"></span> major steps are still to be tak<span class=\"_ _2\"></span>en during the \ue615rst quarter of 2023.<span class=\"_ _0\"></span> Management considers the implementation of a new ERP s<span class=\"_ _0\"></span>ystem as neither<span class=\"_ _0\"></span> usual nor<span class=\"_ _0\"></span> customary for the sale of a disposal group<span class=\"_ _0\"></span>, not even in case of a carve-out tr<span class=\"_ _0\"></span>ansaction. <span class=\"_ _2\"></span>\ue618e legal carve-outs in US and Canada tow<span class=\"_ _2\"></span>ards the new entities are scheduled for<span class=\"_ _0\"></span> March 31, 2<span class=\"_ _0\"></span>023 and ar<span class=\"_ _0\"></span>e intended to be immediately f<span class=\"_ _0\"></span>ollowed b<span class=\"_ _0\"></span>y a go-live of the new S<span class=\"_ _0\"></span>AP ERP systems.<span class=\"_ _0\"></span> As per December<span class=\"_ _2\"></span> 31, 2022 the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s O\ue614set Solutions business that is s<span class=\"_ _0\"></span>ubject to disposal is not av<span class=\"_ _0\"></span>ailable for<span class=\"_ _0\"></span> immediate sale in its present condition. <span class=\"_ _2\"></span>\ue618e separation of the O\ue614set Solutions<span class=\"_ _2\"></span>\u2019 business in US and Canada from its Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals business and the implementation of the ERP sys<span class=\"_ _0\"></span>tem for the O\ue614set Solutions oper<span class=\"_ _2\"></span>ations in that region are im<span class=\"ws1\">-</span>portant conditions that are to a consider<span class=\"_ _2\"></span>able degree to be ful\ue615lled during the \ue615rst quarter<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> 2023.<span class=\"_ _2\"></span> \ue618ese terms could not be considered as usual and cus<span class=\"_ _0\"></span>tomary for the sale of said group of assets.Management expects th<span class=\"_ _0\"></span>at all criteria to classify the net assets of the O\ue614set Solutions business tha<span class=\"_ _0\"></span>t will be disposed of as \u2018held-for<span class=\"_ _2\"></span>-sale\u2019 w<span class=\"_ _0\"></span>ould be ful\ue615lled as per Mar<span class=\"_ _0\"></span>ch 31, 20<span class=\"_ _2\"></span>23. \ue618e Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s primary \ue615nancial statements of the \ue615rst quarter<span class=\"_ _0\"></span> 2023 will present the net assets of the O\ue614set Solutions business th<span class=\"_ _0\"></span>at will be disposed of as <span class=\"_ _0\"></span>\u2018held for<span class=\"_ _0\"></span> sale<span class=\"_ _0\"></span>\u2019 and rel<span class=\"_ _0\"></span>ated opera<span class=\"_ _0\"></span>tions and cash\ue617ows as <span class=\"_ _0\"></span>\u2018<span class=\"_ _2\"></span>discontinued operations<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>. On initi<span class=\"_ _0\"></span>al classi\ue615cation as <span class=\"_ _0\"></span>\u2018held-for<span class=\"_ _0\"></span>-sale\u2019<span class=\"_ _b3\"></span>, the group of assets attributable to the business that is disposed of \u2013 called a disposal gr<span class=\"_ _0\"></span>oup - is measure<span class=\"_ _0\"></span>d at the lower<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> the carrying amount and its fair<span class=\"_ _2\"></span> value less costs of disposal. <span class=\"_ _0\"></span>As the Group has signed a sales purch<span class=\"_ _0\"></span>ase agreement, the sales price<span class=\"_ _2\"></span>, consisting of a \ue615x and v<span class=\"_ _0\"></span>ariable portion, is to be used as a pr<span class=\"_ _0\"></span>oxy for<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of the disposal group.\ue618e Group meas<span class=\"_ _0\"></span>ures all its assets and liabilities in accor<span class=\"_ _2\"></span>dance with applicable IFRSs. <span class=\"_ _0\"></span>According to IAS 36 <span class=\"_ _0\"></span>\u2018Impairment of Assets<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>, non-current assets such as intangibles,<span class=\"_ _2\"></span> property<span class=\"_ _2\"></span>, plant and equipment and right-of-use assets are tes<span class=\"_ _0\"></span>ted for<span class=\"_ _0\"></span> im<span class=\"ws1\">-</span>pairment when ther<span class=\"_ _0\"></span>e is an indication for imp<span class=\"_ _0\"></span>airment. Giv<span class=\"_ _0\"></span>en the existence of a sales purchase agr<span class=\"_ _0\"></span>eement and a sales price which is below the carryin<span class=\"_ _0\"></span>g amount of the non-current assets, including the rig<span class=\"_ _0\"></span>ht-of-use assets, an imp<span class=\"_ _0\"></span>airment loss equal to the carrying amount of the assets that are in scope of IAS36 has been r<span class=\"_ _0\"></span>ecognized.<span class=\"_ _0\"></span> As such an impairment los<span class=\"_ _0\"></span>s on prop<span class=\"ws1\">-</span>erty<span class=\"_ _2\"></span>, plant and equipment and rig<span class=\"_ _0\"></span>ht-of-use assets amounting in aggregate 41 million E<span class=\"_ _0\"></span>uro has been recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss as per December<span class=\"_ _2\"></span> 31, 2022.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e goodwill attributable to O\ue614set <span class=\"_ _0\"></span>Solutions has alrea<span class=\"_ _0\"></span>dy been fully impair<span class=\"_ _0\"></span>ed as per Decem<span class=\"ws1\">-</span>ber 31,<span class=\"_ _0\"></span> 2019. <span class=\"_ _0\"></span>As per December<span class=\"_ _2\"></span> 31, 2022 other<span class=\"_ _0\"></span> assets such as in<span class=\"_ _0\"></span>ventory<span class=\"_ _2\"></span>, tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables and deferred tax as<span class=\"_ _0\"></span>sets attributable to the O\ue614set Solutions business hav<span class=\"_ _0\"></span>e also been measure<span class=\"_ _0\"></span>d according to the applica<span class=\"_ _0\"></span>ble IFRS. Ex<span class=\"_ _0\"></span>cept for def<span class=\"_ _0\"></span>erred tax assets,<span class=\"_ _0\"></span> this measur<span class=\"_ _0\"></span>ement has not resulted in the r<span class=\"_ _0\"></span>ecognition of additional losses. F<span class=\"_ _2\"></span>or the v<span class=\"_ _0\"></span>aluation loss of deferre<span class=\"_ _0\"></span>d tax assets relat<span class=\"ws1\">-</span>ing to the O\ue614set Solutions business that is r<span class=\"_ _0\"></span>ecorded at y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-end 202<span class=\"_ _0\"></span>2, we r<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span> also to Note 17 <span class=\"_ _0\"></span>\u2018T<span class=\"_ _2\"></span>axes<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.In 2023,<span class=\"_ _2\"></span> when the criteria as speci\ue615ed in IFRS 5 to present the net assets of O\ue614set Solutions as \u2018<span class=\"_ _0\"></span>held for<span class=\"_ _0\"></span> sale\u2019<span class=\"_ _0\"></span> are met,<span class=\"_ _0\"></span> the en<span class=\"ws1\">-</span>tire disposal group w<span class=\"_ _0\"></span>ill be measur<span class=\"_ _0\"></span>ed at \u2018<span class=\"_ _2\"></span>fair v<span class=\"_ _2\"></span>alue less costs of disposal\u2019<span class=\"_ _2\"></span> which will result in an additional loss to be r<span class=\"_ _0\"></span>e\ue617ected in the Pro\ue615t or<span class=\"_ _0\"></span> loss statement.<span class=\"_ _0\"></span> \ue618e total expected loss on the sale tr<span class=\"_ _2\"></span>ansaction is estimated to rang<span class=\"_ _0\"></span>e between 100 and 11<span class=\"_ _0\"></span>5 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is amount is a best estimate of the total loss on the tr<span class=\"_ _0\"></span>ansaction determined base<span class=\"_ _0\"></span>d upon data av<span class=\"_ _2\"></span>ailable as per December 31,<span class=\"_ _2\"></span> 2022 and comprises \ue615ve components:  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws95\">\ue618e impairment loss recogniz<span class=\"_ _0\"></span>ed as per December<span class=\"_ _2\"></span> 31, 2022 on pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant &amp; equipment and <span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>right-of-use<span class=\"_ _0\"></span>\u201d assets,<span class=\"_ _0\"></span> </span></span>amounting to 41 million (IAS 36); <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ls12\">\ue618e valuation loss r<span class=\"_ _0\"></span>ecognized as per<span class=\"_ _0\"></span> December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 on deferred tax assets,<span class=\"_ _0\"></span> amounting to 8 million Eur<span class=\"_ _0\"></span>o (IAS 12);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ls12 wsac\">\ue618e incremental costs attributable to the sale: they hav<span class=\"_ _0\"></span>e been accrued for<span class=\"_ _2\"></span> in the accounts of 2022 and amount to 5 million </span></span>Euro; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsbf\">When the conditions speci\ue615ed in IFRS 5 requirin<span class=\"_ _0\"></span>g the net assets of a disposal group to be presented as <span class=\"_ _2\"></span>\u2018net assets held for<span class=\"_ _2\"></span> </span></span>sale\u2019<span class=\"_ _2\"></span> are ful\ue615lled, the impact of v<span class=\"_ _2\"></span>aluing the disposal group at \u2018<span class=\"_ _2\"></span>fair v<span class=\"_ _2\"></span>alue less costs of disposal\u2019<span class=\"_ _0\"></span> is expected to be recogniz<span class=\"_ _0\"></span>ed: expected by<span class=\"_ _0\"></span> the end of the \ue615rst quarter of 20<span class=\"_ _0\"></span>23; and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws66\">\ue618e rele<span class=\"_ _0\"></span>ase in pro\ue615t or los<span class=\"_ _0\"></span>s of the cumulative tr<span class=\"_ _0\"></span>anslation adjustments historically<span class=\"_ _0\"></span> built up until disposal and attributable </span></span>to the O\ue614set Solutions business. <span class=\"_ _2\"></span>\ue618is last part will be r<span class=\"_ _0\"></span>ecognized on Closing<span class=\"_ _0\"></span>, currently f<span class=\"_ _0\"></span>oreseen on April 3,<span class=\"_ _0\"></span> 2023.\ue618is expected loss considers a <span class=\"_ _0\"></span>\u2018Consider<span class=\"_ _0\"></span>ation, net of cash<span class=\"_ _2\"></span>\u2019 es<span class=\"_ _0\"></span>timated to r<span class=\"_ _0\"></span>ange betw<span class=\"_ _0\"></span>een 15 and 30 million Euro<span class=\"_ _2\"></span>. \ue618is<span class=\"_ _0\"></span> amount considers, among other<span class=\"_ _2\"></span> things, the transfer<span class=\"_ _0\"></span> of pension and similar li<span class=\"_ _0\"></span>abilities to the buyer<span class=\"_ _0\"></span> amounting to around<span class=\"_ _0\"></span> 50 million Eur<span class=\"_ _0\"></span>o.\ue618e evolution of the working capital as <span class=\"_ _0\"></span>well as the debt and debt lik<span class=\"_ _0\"></span>e items on the date of closing the sales tr<span class=\"_ _0\"></span>ansaction will impact the <span class=\"_ _0\"></span>\u2018Consider<span class=\"_ _0\"></span>ation receiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>, net of cash<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618e sales purchase agreement foresees a price mechanism that com<span class=\"ws1\">-</span>pensates for<span class=\"_ _0\"></span> the di\ue614erence between the a<span class=\"_ _0\"></span>ctual and target w<span class=\"_ _0\"></span>orking capital, de\ue615ned a<span class=\"_ _0\"></span>ccording to contr<span class=\"_ _0\"></span>actually agr<span class=\"_ _0\"></span>eed rules. \ue618e actual loss on the tr<span class=\"_ _0\"></span>ansaction will be mainly<span class=\"_ _0\"></span> dependent on the evolution of the working capital,<span class=\"_ _0\"></span> items contra<span class=\"_ _0\"></span>ctually excluded f<span class=\"_ _0\"></span>or the calculation of the pur<span class=\"_ _0\"></span>chase price as well as the tr<span class=\"_ _2\"></span>anslation adjustments on investments in the O\ue614set Solu<span class=\"ws1\">-</span>tions\u2019<span class=\"_ _2\"></span> foreign operations that ar<span class=\"_ _0\"></span>e currently comprised in the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s equity<span class=\"_ _2\"></span>. \ue618e \ue615nal amount of consideration r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> the carr<span class=\"_ _22\"></span>ying amount of the disposal group at Closin<span class=\"_ _0\"></span>g and resulting loss on the transaction <span class=\"_ _0\"></span>will only be known a<span class=\"_ _0\"></span>t \ue615nal settlement of the purchase price<span class=\"_ _0\"></span>.For<span class=\"_ _2\"></span> an overview of the operatin<span class=\"_ _0\"></span>g assets and liabilities of the reportable segment O\ue614set Solutions,<span class=\"_ _2\"></span> we refer to N<span class=\"_ _0\"></span>ote 6 \u2018Re<span class=\"ws1\">-</span>portable Segments<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>\ue618ese assets and liabilities might devi<span class=\"_ _0\"></span>ate from the assets and lia<span class=\"_ _0\"></span>bilities attributable to the disposal group \u2018<span class=\"_ _0\"></span>O\ue614set Solutions\u2019<span class=\"_ _2\"></span>: one of the main elements th<span class=\"_ _0\"></span>at explains this di\ue614er<span class=\"_ _0\"></span>ence relates to the agr<span class=\"_ _0\"></span>eement of Agfa to continue producing and supply<span class=\"_ _0\"></span>ing \ue615lm and chemicals for O\ue614set Solutions.<span class=\"_ _2\"></span> Another major<span class=\"_ _0\"></span> di\ue614erence re<span class=\"_ _0\"></span>lates to the pension liabilities of inactive employ<span class=\"_ _0\"></span>ees (former emplo<span class=\"_ _0\"></span>yees and employ<span class=\"_ _0\"></span>ees with deferr<span class=\"_ _0\"></span>ed vested rig<span class=\"_ _0\"></span>hts) of the factory in German<span class=\"_ _0\"></span>y that are comprised in the net assets that w<span class=\"_ _0\"></span>ill be disposed of<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618ese liabilities are not re\ue617ected in the O\ue614set Solutions segment as all the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s pension liabilities for<span class=\"_ _0\"></span> \u2018Inactiv<span class=\"_ _0\"></span>es\u2019<span class=\"_ _2\"></span> are not attributed to reportable segments.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__13": {
   "value": ". CHANGES<span class=\"_ _0\"></span> IN SIGNIFICANT <span class=\"_ _0\"></span>ACCOUNTING POLICIESFinancial reporting standards applied for the \ue61frst time in 2022\ue618e consolidated statements of the Gr<span class=\"_ _0\"></span>oup as disclosed in this annual report tak<span class=\"_ _0\"></span>e into account new standar<span class=\"_ _0\"></span>ds applicable as from January 1, 2<span class=\"_ _0\"></span>022.<span class=\"_ _0\"></span> Follo<span class=\"_ _0\"></span>wing standar<span class=\"_ _2\"></span>ds and amendments were applied for<span class=\"_ _0\"></span> the \ue615rst time to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \ue615nancial state<span class=\"ws1\">-</span>ments for the <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> 2022. It relates to:   <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">Amendments to IFRS 3 <span class=\"ff11 ws12\">Business Comb<span class=\"_ _0\"></span>inations<span class=\"ff1 ws15\">; IAS 16 </span>P<span class=\"_ _2\"></span>roperty<span class=\"_ _2\"></span>, Plant and Equipment<span class=\"ff1 ws15\">; IAS 3<span class=\"_ _0\"></span>7 <span class=\"ff11 ws12\">Pro<span class=\"_ _0\"></span>visions,<span class=\"_ _0\"></span> Contin<span class=\"_ _0\"></span>gent Liab<span class=\"_ _0\"></span>ili<span class=\"ws1\">-</span></span></span></span></span></span>ties and Cont<span class=\"_ _2\"></span>ingent Assets<span class=\"ff1\"> as <span class=\"_ _0\"></span>well as <span class=\"ff11\">Annual Impro<span class=\"_ _0\"></span>vements<span class=\"ff1\">.</span></span></span>\ue618ese standards <span class=\"_ _0\"></span>were either<span class=\"_ _0\"></span> not applicable or<span class=\"_ _0\"></span> did not have a ma<span class=\"_ _0\"></span>terial impact to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \ue615nancial s<span class=\"_ _0\"></span>tatements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__14": {
   "value": "PERFORMANCE <span class=\"_ _54\"></span>OF THE YEAR\ue618e HealthCar<span class=\"_ _0\"></span>e IT and Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals divisions posted sales gr<span class=\"_ _0\"></span>owth ex<span class=\"_ _0\"></span>cluding currency impact.<span class=\"_ _2\"></span> Mainly due to price increases,<span class=\"_ _2\"></span> O\ue614set Solutions\u2019 top line rem<span class=\"_ _0\"></span>ained stable and Radiology Solutions<span class=\"_ _2\"></span>\u2019 medical \ue615lm business w<span class=\"_ _0\"></span>as heav<span class=\"_ _0\"></span>ily impac<span class=\"_ _22\"></span>ted <span class=\"_ _22\"></span>by t<span class=\"_ _22\"></span>he C<span class=\"_ _22\"></span>OVID-<span class=\"_ _22\"></span>loc<span class=\"_ _22\"></span>kdowns<span class=\"_ _22\"></span> in<span class=\"_ _22\"></span> Chi<span class=\"_ _22\"></span>na. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s gros<span class=\"_ _0\"></span>s pro\ue615t margin rem<span class=\"_ _0\"></span>ained stable at 28.5% of rev<span class=\"_ _0\"></span>enue,<span class=\"_ _2\"></span> mainly due<span class=\"_ _0\"></span> to price incr<span class=\"_ _0\"></span>ease actions to ta<span class=\"_ _0\"></span>ckle the strong impa<span class=\"_ _0\"></span>ct of cost in\ue617ation and supply chain issues.<span class=\"_ _2\"></span> Adju<span class=\"_ _0\"></span>ste<span class=\"_ _2\"></span>d EBIT<span class=\"_ _0\"></span>D<span class=\"_ _2\"></span>A w<span class=\"_ _2\"></span>as in\ue617<span class=\"_ _0\"></span>uenc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> by<span class=\"_ _2\"></span> in\ue617ationary pressure<span class=\"_ _0\"></span>, disrupted s<span class=\"_ _0\"></span>upply chains and industrial ine\ue616ciencies in the fourth quarter<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> HealthCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> 2022 <span class=\"_ _0\"></span>was a y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> consolidation, as the f<span class=\"_ _0\"></span>ocus turned tow<span class=\"_ _2\"></span>ards pro\ue615table grow<span class=\"_ _0\"></span>th. As sho<span class=\"_ _0\"></span>wn by the pos<span class=\"ws1\">-</span>itive development of the or<span class=\"_ _0\"></span>der intak<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, the division<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s str<span class=\"_ _2\"></span>ategy to target customer segments and g<span class=\"_ _0\"></span>eographies for<span class=\"_ _2\"></span> which its <span class=\"_ _56\"></span><span class=\"ws1\"> </span>Enterprise Imaging solution is best \ue615t and to prioritize hig<span class=\"_ _0\"></span>her v<span class=\"_ _2\"></span>alue revenue stre<span class=\"_ _0\"></span>ams is working and deliv<span class=\"_ _0\"></span>ering.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is strat<span class=\"ws1\">-</span>egy will ultimate<span class=\"_ _0\"></span>ly allow the division to r<span class=\"_ _0\"></span>each the tar<span class=\"_ _0\"></span>geted gro<span class=\"_ _0\"></span>wth of EBITDA: s<span class=\"_ _0\"></span>tarting from a mid-single-digit per<span class=\"_ _0\"></span>centage in 2019 to percentag<span class=\"_ _0\"></span>es in the high-teens over<span class=\"_ _2\"></span> the next years.<span class=\"_ _0\"></span> Due to increased momentum in the second h<span class=\"_ _0\"></span>alf of the year<span class=\"_ _2\"></span>, the HealthCar<span class=\"_ _0\"></span>e IT div<span class=\"_ _0\"></span>ision<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s top line incre<span class=\"_ _0\"></span>ased in North America and Eur<span class=\"_ _0\"></span>ope versus the pr<span class=\"_ _0\"></span>evious ye<span class=\"_ _2\"></span>ar.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e growth <span class=\"_ _0\"></span>was driv<span class=\"_ _0\"></span>en by the rev<span class=\"_ _0\"></span>enue recognition from a number<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> important contra<span class=\"_ _0\"></span>cts, as we<span class=\"_ _0\"></span>ll as a stabilization of recurring r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>. For<span class=\"_ _2\"></span> Radiology Solutions, mainly in China,<span class=\"_ _0\"></span> the medical \ue615lm business w<span class=\"_ _0\"></span>as impacted b<span class=\"_ _0\"></span>y the COVID situa<span class=\"_ _0\"></span>tion. <span class=\"_ _2\"></span>\ue618e current <span class=\"_ _56\"></span><span class=\"ws1\"> </span>geopolitical situation and slo<span class=\"_ _0\"></span>wer th<span class=\"_ _0\"></span>an normal volumes in some e<span class=\"_ _0\"></span>xport markets also had an imp<span class=\"_ _0\"></span>act. <span class=\"_ _2\"></span>\ue618e market driven top<span class=\"ws1\"> </span>line decline for the C<span class=\"_ _0\"></span>omputed Radiograph<span class=\"_ _2\"></span>y business was further<span class=\"_ _2\"></span> ampli\ue615ed by the current geopolitical situation and <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>component shortages. <span class=\"_ _0\"></span>Agfa continues to manag<span class=\"_ _0\"></span>e the CR business to maintain he<span class=\"_ _0\"></span>althy pro\ue615t m<span class=\"_ _0\"></span>argins. F<span class=\"_ _2\"></span>ollowing a <span class=\"_ _83\"></span><span class=\"ws1\"> </span>number of slow<span class=\"_ _0\"></span>er quarters,<span class=\"_ _2\"></span> the Direct Radiography<span class=\"_ _0\"></span> business\u2019<span class=\"_ _2\"></span> revenue started to pick up in the second half of the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. Strong sales gro<span class=\"_ _0\"></span>wth w<span class=\"_ _0\"></span>as recorde<span class=\"_ _0\"></span>d in ASP<span class=\"_ _2\"></span>AC and LA<span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>AM. In a number of countries in those regions,<span class=\"_ _2\"></span> \ue615rst-of-a-kind installations w<span class=\"_ _0\"></span>ere re<span class=\"_ _0\"></span>alized w<span class=\"_ _0\"></span>ith sever<span class=\"_ _0\"></span>al systems,<span class=\"_ _0\"></span> including high-end modalities and the r<span class=\"_ _0\"></span>ecent<span class=\"ws1\">-</span>ly introduced <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>ALOR<span class=\"_ _2\"></span>Y X-r<span class=\"_ _0\"></span>ay r<span class=\"_ _0\"></span>oom. Furthermore<span class=\"_ _2\"></span>, Agfa has tak<span class=\"_ _2\"></span>en measures to deal w<span class=\"_ _0\"></span>ith the post-COVID mar<span class=\"_ _2\"></span><span class=\"ws1\">-</span>ket v<span class=\"_ _0\"></span>olatility<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>ecently<span class=\"_ _2\"></span>, the DR mark<span class=\"_ _0\"></span>et saw the entry of sever<span class=\"_ _0\"></span>al new competitors with lo<span class=\"_ _0\"></span>w-cost solutions.<span class=\"_ _0\"></span> <span class=\"_ _1ba\"></span> <span class=\"_ _1ba\"></span><span class=\"ws1\"> </span>\ue618e order<span class=\"_ _0\"></span> book for<span class=\"_ _0\"></span> DR remains str<span class=\"_ _0\"></span>ong,<span class=\"_ _0\"></span> with continuously long<span class=\"_ _0\"></span>er con<span class=\"_ _0\"></span>version le<span class=\"_ _0\"></span>ad times a\ue614ected by the s<span class=\"_ _0\"></span>upply chain en<span class=\"ws1\">-</span>vironments.<span class=\"_ _0\"></span> Agfa is takin<span class=\"_ _0\"></span>g actions (right-sizing of the organization,<span class=\"_ _2\"></span> relocations, costs control actions,<span class=\"_ _2\"></span> price increases, net working capital actions<span class=\"_ _0\"></span>) to increase the business<span class=\"_ _2\"></span>\u2019 agility and to better<span class=\"_ _0\"></span> adapt it to the current mark<span class=\"_ _0\"></span>et conditions. In the course of the fourth quarter<span class=\"_ _2\"></span>, the Group has teste<span class=\"_ _0\"></span>d the goodwill attributed to the CGU Ra<span class=\"_ _0\"></span>diology Solutions for im<span class=\"ws1\">-</span>pairment, takin<span class=\"_ _0\"></span>g into account the \ue615ve-ye<span class=\"_ _0\"></span>ar busines<span class=\"_ _0\"></span>s plan approv<span class=\"_ _0\"></span>ed by the Boar<span class=\"_ _2\"></span>d of<span class=\"_ _22\"></span> Directors w<span class=\"_ _0\"></span>ith a substantially incre<span class=\"_ _2\"></span>ased W<span class=\"_ _2\"></span>ACC.<span class=\"_ _0\"></span> As a result of these tests,<span class=\"_ _0\"></span> the calculated v<span class=\"_ _2\"></span>alue in use of the CGU Radiology Solutions was low<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an its carrying amount and an impairment loss w<span class=\"_ _2\"></span>as recognized on goodw<span class=\"_ _0\"></span>ill (70 million Euro<span class=\"_ _0\"></span>) and intangible assets (3 million Euro) (<span class=\"_ _0\"></span>see Note 2<span class=\"_ _0\"></span>7).  In the \ue615eld of digital print, the top line of the sign &amp; display<span class=\"_ _0\"></span> business grew str<span class=\"_ _0\"></span>ongly<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e ink product ran<span class=\"_ _0\"></span>ges for<span class=\"_ _0\"></span> sign &amp; display applications perf<span class=\"_ _0\"></span>ormed well thr<span class=\"_ _0\"></span>oughout the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. In spite of industry-wide logistic challeng<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> the high-end equipment, the w<span class=\"_ _0\"></span>ide-format printing equipment business poste<span class=\"_ _0\"></span>d solid revenue gr<span class=\"_ _0\"></span>owth. In the \ue615e<span class=\"_ _0\"></span>ld of industrial inkjet, the d\u00e9cor printing busines<span class=\"_ _0\"></span>s was imp<span class=\"_ _0\"></span>acted by<span class=\"_ _0\"></span> the weak<span class=\"_ _2\"></span>ening economic environment,<span class=\"_ _0\"></span> as customers are postponing in<span class=\"_ _0\"></span>vestments in their digitization pr<span class=\"_ _0\"></span>ocess. <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>olumes for OEM inks decr<span class=\"_ _0\"></span>eased due to the lock<span class=\"_ _0\"></span>downs in China,<span class=\"_ _0\"></span> the unstable geopolitical situation and the we<span class=\"_ _2\"></span>ak economic environment.Mainly due to price incre<span class=\"_ _0\"></span>ases, O\ue614set Solutions<span class=\"_ _0\"></span>\u2019 top line r<span class=\"_ _0\"></span>emained stable<span class=\"_ _2\"></span>. \ue618e div<span class=\"_ _0\"></span>ision continued to focus on high-v<span class=\"_ _0\"></span>alue re<span class=\"ws1\">-</span>gions, concentr<span class=\"_ _0\"></span>ating on margins r<span class=\"_ _2\"></span>ather than volumes.<span class=\"_ _0\"></span> In spite of the lower<span class=\"_ _0\"></span> volumes the succes<span class=\"_ _0\"></span>sful implementation of price increases to ta<span class=\"_ _0\"></span>ckle the over<span class=\"_ _0\"></span>all cost in\ue617ation,<span class=\"_ _0\"></span> among others for r<span class=\"_ _2\"></span>aw materials, p<span class=\"_ _0\"></span>ackaging and freight le<span class=\"_ _0\"></span>d to top line growth.<span class=\"_ _0\"></span> Although a\ue614ected by<span class=\"_ _0\"></span> cost in\ue617ation, the gr<span class=\"_ _0\"></span>oss pro\ue615t margin impr<span class=\"_ _0\"></span>oved fr<span class=\"_ _0\"></span>om 20.4% of rev<span class=\"_ _0\"></span>enue in 2021 to 2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>7% due to the implemented price adjustments and the focus on high-v<span class=\"_ _2\"></span>alue regions. Adjuste<span class=\"_ _0\"></span>d EBITDA<span class=\"_ _0\"></span> improv<span class=\"_ _0\"></span>ed strong<span class=\"_ _0\"></span>ly<span class=\"_ _2\"></span>.In Augus<span class=\"_ _0\"></span>t 2022,<span class=\"_ _0\"></span> the Agf<span class=\"_ _0\"></span>a-Gevaert Gr<span class=\"_ _0\"></span>oup has signed a share pur<span class=\"_ _0\"></span>chase agreement w<span class=\"_ _0\"></span>ith A<span class=\"_ _0\"></span>URELIUS Group for<span class=\"_ _0\"></span> the sale of its O\ue614set Solutions division. Both p<span class=\"_ _0\"></span>arties aim to complete the transaction in the \ue615rs<span class=\"_ _0\"></span>t week<span class=\"_ _0\"></span> of April, 20<span class=\"_ _0\"></span>23. Over<span class=\"_ _0\"></span>all, the Agf<span class=\"_ _0\"></span>a-Gev<span class=\"_ _0\"></span>aert Group expects a signi\ue615cant impr<span class=\"_ _0\"></span>ovement in pr<span class=\"_ _0\"></span>o\ue615tability in the full y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>3 versus 20<span class=\"_ _0\"></span>22. <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>\ue618e HealthCar<span class=\"_ _0\"></span>e IT div<span class=\"_ _0\"></span>ision<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s grow<span class=\"_ _0\"></span>th strategy is e<span class=\"_ _0\"></span>xpected to deliver<span class=\"_ _2\"></span> top line growth, as w<span class=\"_ _0\"></span>ell as double-digit adjusted <span class=\"_ _f6\"></span><span class=\"ws1\"> </span>EBITD<span class=\"_ _0\"></span>A grow<span class=\"_ _0\"></span>th in 2023.<span class=\"_ _0\"></span> In Radiology Solutions, s<span class=\"_ _0\"></span>tability is expected,<span class=\"_ _2\"></span> with continuous margin pressur<span class=\"_ _0\"></span>e for medical \ue615lm.<span class=\"_ _2\"></span> \ue618e progress in Dir<span class=\"_ _0\"></span>ect Radiograph<span class=\"_ _2\"></span>y that was r<span class=\"_ _0\"></span>ecorded in the second half of 20<span class=\"_ _0\"></span>22 is expected to continue<span class=\"_ _2\"></span>. For<span class=\"_ _0\"></span> Digital Print &amp; Chemicals, the division e<span class=\"_ _0\"></span>xpects to restore pr<span class=\"_ _0\"></span>o\ue615tability<span class=\"_ _2\"></span>, b<span class=\"_ _0\"></span>ased on pricing actions and on positiv<span class=\"_ _0\"></span>e contributions from the Inca acquisition and the ZIRFON membranes.<span class=\"_ _2\"></span> \ue618e revenue g<span class=\"_ _0\"></span>enerate<span class=\"_ _0\"></span>d by ZIRFON will continue to gr<span class=\"_ _0\"></span>ow v<span class=\"_ _0\"></span>ery strongly<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Business continuity in Russia\ue618e Agfa Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s business in Russia concerns less than 2% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s turnover<span class=\"_ _2\"></span>, and the m<span class=\"_ _0\"></span>ajority rel<span class=\"_ _0\"></span>ates to the Radiol<span class=\"ws1\">-</span>ogy Solutions business. <span class=\"_ _0\"></span>Agfa is not producing in Rus<span class=\"_ _0\"></span>sia. Some <span class=\"_ _0\"></span>Agfa products,<span class=\"_ _0\"></span> such as o\ue614set equipment and ink products can no longer<span class=\"_ _0\"></span> be shipped to Russia/Belar<span class=\"_ _0\"></span>us due to EU r<span class=\"_ _0\"></span>estrictive meas<span class=\"_ _0\"></span>ures. <span class=\"_ _0\"></span>Within the limits set b<span class=\"_ _0\"></span>y the EU and competent national authorities,<span class=\"_ _0\"></span> Agfa <span class=\"_ _0\"></span>will continue using commerci<span class=\"_ _0\"></span>ally reason<span class=\"_ _0\"></span>able e\ue614orts to deliver<span class=\"_ _2\"></span> and ship any una\ue614ected, or<span class=\"_ _2\"></span>dered goods. <span class=\"_ _0\"></span>Agfa has no assets and no personne<span class=\"_ _0\"></span>l in Ukraine tha<span class=\"_ _0\"></span>t is a\ue614ected by the ong<span class=\"_ _0\"></span>oing crisis.   Indirect e\ue614ects from the situ<span class=\"_ _0\"></span>ation in Russia/Ukr<span class=\"_ _0\"></span>aine mainly rel<span class=\"_ _0\"></span>ate to expected cre<span class=\"_ _0\"></span>dit losses on trade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and lease receiv<span class=\"_ _0\"></span>ables, r<span class=\"_ _0\"></span>estricted cash and the re<span class=\"_ _0\"></span>alization of the business plan in the Radiology Solutions business taking into a<span class=\"_ _0\"></span>ccount increase<span class=\"_ _0\"></span>d in\ue617ation and increase<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ates. <span class=\"_ _2\"></span>\ue618e Agfa Group has t<span class=\"_ _0\"></span>wo subsidiaries of minor<span class=\"_ _0\"></span> importance in Russia and the outstanding 3rd p<span class=\"_ _0\"></span>arty tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables amount to 1 million Eur<span class=\"_ _0\"></span>o at the end of December 20<span class=\"_ _0\"></span>22. Durin<span class=\"_ _0\"></span>g 2022,<span class=\"_ _0\"></span> turnover<span class=\"_ _2\"></span> realiz<span class=\"_ _0\"></span>ed in Russia amount to 25 million Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ere is no restricte<span class=\"_ _0\"></span>d cash in these two legal entities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__16": {
   "value": ". REPOR<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ABLE SEGMENTS\ue618e activities of the Group ha<span class=\"_ _0\"></span>ve been grouped into f<span class=\"_ _0\"></span>our div<span class=\"_ _0\"></span>isions: HealthCare IT<span class=\"_ _1\"></span>, Radiology Solutions, Digital Print &amp; Chemi<span class=\"ls1 ws1\">-</span>cals and O\ue614set Solutions. <span class=\"_ _2\"></span>\ue618is divisional structure is technology and solutions base<span class=\"_ _0\"></span>d and will allow the busines<span class=\"_ _0\"></span>s to seek future partnerships.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has identi\ue615ed the af<span class=\"_ _0\"></span>orementioned divisions as its oper<span class=\"_ _2\"></span>ating segments. <span class=\"_ _0\"></span>\ue618ey equal the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s <span class=\"_ _24\"></span><span class=\"ls1 ws1\"> </span>reportable segments.<span class=\"_ _0\"></span> All opera<span class=\"_ _0\"></span>ting segments hav<span class=\"_ _0\"></span>e strong mark<span class=\"_ _0\"></span>et positions, w<span class=\"_ _0\"></span>ell-de\ue615ned str<span class=\"_ _0\"></span>ategies and full responsibility<span class=\"_ _1\"></span>, <span class=\"_ _24\"></span><span class=\"ls1 ws1\"> </span>authority and accountabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.T<span class=\"_ _2\"></span>o allow<span class=\"_ _0\"></span> for a mor<span class=\"_ _0\"></span>e accurate as<span class=\"_ _0\"></span>sessment of the performance of the opera<span class=\"_ _0\"></span>ting segments some costs of Corpora<span class=\"_ _0\"></span>te functions at Group level (<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span>g. Inv<span class=\"_ _0\"></span>estor Re<span class=\"_ _0\"></span>lations, C<span class=\"_ _0\"></span>orporate Finance<span class=\"_ _2\"></span>, Internal Audit,<span class=\"_ _0\"></span> Innov<span class=\"_ _2\"></span>ation O\ue616ce) are not attributed to the oper<span class=\"_ _0\"></span>ating segments. <span class=\"_ _2\"></span>\ue618ese costs are reported under<span class=\"_ _0\"></span> \u2018Corpor<span class=\"_ _2\"></span>ate Services.<span class=\"_ _2\"></span>\u2019\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operating segments r<span class=\"_ _0\"></span>e\ue617ect the level at <span class=\"_ _0\"></span>which the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s CEO and the Executiv<span class=\"_ _0\"></span>e Committee rev<span class=\"_ _0\"></span>iew the business and make decisions about the alloca<span class=\"_ _0\"></span>tion of resources and other<span class=\"_ _0\"></span> opera<span class=\"_ _0\"></span>ting matters. <span class=\"_ _2\"></span>\ue618e reportable segments comprise the followin<span class=\"_ _0\"></span>g activities:HealthCare IT\ue618e HealthCar<span class=\"_ _0\"></span>e IT <span class=\"_ _0\"></span>division supports healthcar<span class=\"_ _0\"></span>e profession<span class=\"_ _0\"></span>als across the globe w<span class=\"_ _0\"></span>ith secure<span class=\"_ _2\"></span>, e\ue614ective and sustainable im<span class=\"_ _0\"></span>ag<span class=\"ws1\">-</span>ing data manag<span class=\"_ _0\"></span>ement. F<span class=\"_ _2\"></span>ocused on its robust and uni\ue615ed Enterprise Imaging Platform the div<span class=\"_ _0\"></span>ision helps its clients manage resource allocation,<span class=\"_ _2\"></span> improve productivit<span class=\"_ _0\"></span>y and prov<span class=\"_ _0\"></span>ide clinical con\ue615dence with patient-centric conte<span class=\"_ _0\"></span>xtual intelligence<span class=\"_ _2\"></span>.With its cor<span class=\"_ _0\"></span>e commitment on delivering v<span class=\"_ _2\"></span>alue, <span class=\"_ _0\"></span>Agfa HealthC<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s technology suits multi-specialty<span class=\"_ _0\"></span> requirements and se<span class=\"ws1\">-</span>curely stand<span class=\"_ _0\"></span>ardizes w<span class=\"_ _0\"></span>ork\ue617ows,<span class=\"_ _0\"></span> to collabor<span class=\"_ _0\"></span>ate seamlessly bet<span class=\"_ _0\"></span>ween departments and acr<span class=\"_ _0\"></span>oss geogr<span class=\"_ _0\"></span>aphies. From pr<span class=\"_ _0\"></span>oduct de<span class=\"ws1\">-</span>velopment to implementation,<span class=\"_ _0\"></span> Agfa He<span class=\"_ _2\"></span>althCare\u2019<span class=\"_ _1\"></span>s best-of-suite Imaging IT sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e solutions are purpose-built to reduce complexity and support he<span class=\"_ _2\"></span>althcare providers to achiev<span class=\"_ _0\"></span>e their clinical,<span class=\"_ _0\"></span> operational and busines<span class=\"_ _0\"></span>s stra<span class=\"_ _0\"></span>tegies.Radiology SolutionsAgfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Radiology Solutions division is a ma<span class=\"_ _0\"></span>jor pla<span class=\"_ _0\"></span>yer<span class=\"_ _0\"></span> on the diagnostic imaging mark<span class=\"_ _0\"></span>et, pr<span class=\"_ _0\"></span>oviding analog and digital im<span class=\"ws1\">-</span>aging technology to meet the needs of specialize<span class=\"_ _0\"></span>d clinicians in hospitals and imaging centers around the <span class=\"_ _0\"></span>world. <span class=\"_ _0\"></span>Agfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s innov<span class=\"_ _0\"></span>ative imaging equipment and its le<span class=\"_ _2\"></span>ading MUSICA image pr<span class=\"_ _0\"></span>ocessing softw<span class=\"_ _2\"></span>are set standards in productiv<span class=\"_ _0\"></span>ity<span class=\"_ _2\"></span>, safet<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, clinical v<span class=\"_ _0\"></span>alue and cost e\ue614ectiveness.With o<span class=\"_ _0\"></span>ver 1<span class=\"_ _0\"></span>50 y<span class=\"_ _0\"></span>ears of experience<span class=\"_ _2\"></span>, Agfa helps its customers to impr<span class=\"_ _0\"></span>ove the qualit<span class=\"_ _0\"></span>y and e\ue616ciency of their pa<span class=\"_ _0\"></span>tient care<span class=\"_ _0\"></span>. Ev<span class=\"_ _0\"></span>ery single day<span class=\"_ _1\"></span>, Agfa pro<span class=\"_ _0\"></span>ves that medical im<span class=\"_ _0\"></span>aging is in its DNA.Digital Print &amp; ChemicalsAgfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Digital Print &amp; Chemicals division serves a gr<span class=\"_ _0\"></span>eat v<span class=\"_ _2\"></span>ariety of industries. Building on Agf<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expertise in chemistry and its deep knowledg<span class=\"_ _0\"></span>e of the graphic arts industry<span class=\"_ _2\"></span>, the div<span class=\"_ _0\"></span>ision has a leading position in inkjet printin<span class=\"_ _0\"></span>g.<span class=\"_ _0\"></span> Agfa supplies sign &amp; displ<span class=\"_ _0\"></span>ay printing companies w<span class=\"_ _0\"></span>ith a rang<span class=\"_ _0\"></span>e of highly productive and <span class=\"_ _0\"></span>versatile wide-f<span class=\"_ _0\"></span>ormat inkjet printers with m<span class=\"_ _0\"></span>atched inks,<span class=\"_ _0\"></span> power<span class=\"_ _0\"></span>ed by dedicate<span class=\"_ _0\"></span>d work\ue617ow sof<span class=\"_ _0\"></span>tw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>. In addition,<span class=\"_ _0\"></span> it develops high-perform<span class=\"_ _0\"></span>ance inkjet inks and \ue617uids for<span class=\"_ _0\"></span> industrial inkjet appli<span class=\"ls1 ws1\">-</span>cations, ena<span class=\"_ _0\"></span>bling manufactur<span class=\"_ _0\"></span>ers to integrate print into their<span class=\"_ _2\"></span> existing production processes.<span class=\"_ _2\"></span> It also o\ue614ers dedicated inkjet inks to speci\ue615c hi-tech industries such as the printed electr<span class=\"_ _0\"></span>onics industry<span class=\"_ _2\"></span>. Furthermore<span class=\"_ _2\"></span>, the division supplies membranes to the hy<span class=\"_ _0\"></span>drogen pr<span class=\"_ _0\"></span>oduction industry (Zirfon),<span class=\"_ _0\"></span> as well as a r<span class=\"_ _2\"></span>ange of printable synthetic papers.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e product assortment is completed by \ue615lms for<span class=\"_ _2\"></span> micrography<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> non-destructive testin<span class=\"_ _0\"></span>g, a<span class=\"_ _0\"></span>erial photograph<span class=\"_ _0\"></span>y and printed circuit bo<span class=\"_ _0\"></span>ard production.O\ue61eset Solutions\ue618e O\ue614set Solutions division is a glob<span class=\"_ _0\"></span>al leading supplier<span class=\"_ _2\"></span> to the o\ue614set printing industry<span class=\"_ _2\"></span>, o\ue614ering commercial,<span class=\"_ _0\"></span> newspaper<span class=\"_ _2\"></span> and packaging printers and the most e<span class=\"_ _0\"></span>xtensive r<span class=\"_ _0\"></span>ange of integr<span class=\"_ _0\"></span>ated prepres<span class=\"_ _0\"></span>s and printing solutions. <span class=\"_ _2\"></span>\ue618ese span the entire prepress <span class=\"_ _0\"></span>work\ue617ow right up to the pr<span class=\"_ _0\"></span>ess with computer<span class=\"_ _2\"></span>-to-plate systems using digital o\ue614set printing pla<span class=\"_ _0\"></span>tes, pressr<span class=\"_ _0\"></span>oom supplies, and sta<span class=\"_ _0\"></span>te-of-the-art softw<span class=\"_ _0\"></span>are for<span class=\"_ _0\"></span> work\ue617ow<span class=\"_ _0\"></span> optimization, color<span class=\"_ _0\"></span> management,<span class=\"_ _0\"></span> screening and print stand<span class=\"_ _0\"></span>ardization.<span class=\"_ _0\"></span> Agfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s sustainable inno<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ations for o\ue614set printin<span class=\"_ _0\"></span>g bring v<span class=\"_ _0\"></span>alue to printing companies in terms of ecology<span class=\"_ _2\"></span>, econom<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, and extr<span class=\"_ _2\"></span>a convenience \u2014 or<span class=\"_ _2\"></span> ECO\ue613. 6.<span class=\"_ _2\"></span>1 Principles applied in determining segment results, segment assets and liabilities\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has identi\ue615ed the af<span class=\"_ _0\"></span>orementioned divisions as its oper<span class=\"_ _2\"></span>ating segments. <span class=\"_ _0\"></span>\ue618ey equal the Groups r<span class=\"_ _0\"></span>eport<span class=\"ls1 ws1\">-</span>able segments.\ue618ere are no tr<span class=\"_ _2\"></span>ansactions between operating segments.Segment results,<span class=\"_ _0\"></span> assets and liabilities are attribute<span class=\"_ _0\"></span>d to a reportable segment base<span class=\"_ _0\"></span>d on the following principles: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Direct attributable to a r<span class=\"_ _0\"></span>eportable segment whenever<span class=\"_ _2\"></span> possible; other<span class=\"_ _22\"></span>wise</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Allocated to a reportable segment on a r<span class=\"_ _0\"></span>easonable b<span class=\"_ _0\"></span>asis, pr<span class=\"_ _0\"></span>eferably<span class=\"_ _0\"></span> activity b<span class=\"_ _0\"></span>ased or e\ue614<span class=\"_ _0\"></span>ortized.</span></span>T<span class=\"_ _2\"></span>o allow<span class=\"_ _0\"></span> for a mor<span class=\"_ _0\"></span>e accurate as<span class=\"_ _0\"></span>sessment of the performance of the opera<span class=\"_ _0\"></span>ting segments some costs of Corpora<span class=\"_ _0\"></span>te functions at Group level (<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span>g. Inv<span class=\"_ _0\"></span>estor r<span class=\"_ _0\"></span>elations,<span class=\"_ _0\"></span> Corporate Fin<span class=\"_ _0\"></span>ance,<span class=\"_ _0\"></span> Internal A<span class=\"_ _0\"></span>udit, Innov<span class=\"_ _2\"></span>ation o\ue616ce) are not attributed to the oper<span class=\"_ _2\"></span>ating<span class=\"_ _22\"></span> segments. <span class=\"_ _2\"></span>\ue618ese costs are currently reported under<span class=\"_ _2\"></span> \u2018Corpora<span class=\"_ _0\"></span>te Services.<span class=\"_ _1\"></span>\u2019 Also the costs and lia<span class=\"_ _0\"></span>bilities for ina<span class=\"_ _0\"></span>ctive employees (<span class=\"_ _0\"></span>see below) and close<span class=\"_ _0\"></span>d de\ue615ned bene\ue615t plans are not attributed to oper<span class=\"_ _2\"></span>ating segments as they cannot be allocated on a re<span class=\"_ _0\"></span>asonable basis to one or<span class=\"_ _0\"></span> more reportable segments.\ue618ese unallocated data ar<span class=\"_ _0\"></span>e included in the reconciling items betw<span class=\"_ _0\"></span>een the total reportable segment inform<span class=\"_ _0\"></span>ation and the consol<span class=\"ls1 ws1\">-</span>idated pro\ue615t or<span class=\"_ _2\"></span> loss, total assets and total liabilities.<span class=\"_ _0\"></span> \ue618is r<span class=\"_ _0\"></span>econciliation is pro<span class=\"_ _0\"></span>vided in Note 6<span class=\"_ _0\"></span>.3.Inactive emplo<span class=\"_ _0\"></span>yees are de\ue615ned as permanently<span class=\"_ _0\"></span> retired emplo<span class=\"_ _0\"></span>yees, f<span class=\"_ _0\"></span>ormer employ<span class=\"_ _0\"></span>ees with v<span class=\"_ _0\"></span>ested rights,<span class=\"_ _0\"></span> and other employ<span class=\"_ _0\"></span>ees who are not expecte<span class=\"_ _0\"></span>d to return to active sta<span class=\"_ _0\"></span>tus, e<span class=\"_ _0\"></span>.g<span class=\"_ _0\"></span>. e<span class=\"_ _0\"></span>arly retirement.<span class=\"_ _0\"></span> Employees <span class=\"_ _0\"></span>who are in principle only tempor<span class=\"_ _0\"></span>arily inactive<span class=\"_ _2\"></span>, e.<span class=\"_ _2\"></span>g. long-term disability or<span class=\"_ _2\"></span> illness, maternity le<span class=\"_ _0\"></span>ave<span class=\"_ _2\"></span>, military service, etc.<span class=\"_ _2\"></span> are treated as activ<span class=\"_ _0\"></span>e employees and ar<span class=\"_ _0\"></span>e consequently assigned to one of the reportable segments.Segment assets and liabilities do not comprise current income tax r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles and pay<span class=\"_ _2\"></span>ables and deferred taxes (see r<span class=\"_ _0\"></span>econcilia<span class=\"ls1 ws1\">-</span>tion in Note 6.3).6.2 Key data by businessKey data f<span class=\"_ _0\"></span>or the reporta<span class=\"_ _0\"></span>ble segments have been calcul<span class=\"_ _0\"></span>ated as follows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws27\">Adjusted EBIT<span class=\"_ _2\"></span> is the result from operatin<span class=\"_ _0\"></span>g activities before net r<span class=\"_ _0\"></span>estructuring expenses (2<span class=\"_ _0\"></span>022: 32 million E<span class=\"_ _0\"></span>uro,<span class=\"_ _2\"></span> 2021: 20 </span></span>million Euro<span class=\"_ _0\"></span>) and non-recurring items (20<span class=\"_ _0\"></span>22: 160 million Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> 2021: 13 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> Non-recurring items m<span class=\"_ _0\"></span>ainly com<span class=\"ws1\">-</span>prise impairment losses,<span class=\"_ _0\"></span> strategic tr<span class=\"_ _2\"></span>ansformation projects rela<span class=\"_ _0\"></span>ted costs (consultancy) and l<span class=\"_ _0\"></span>awyer<span class=\"_ _0\"></span> expenses; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">% of revenue is the r<span class=\"_ _0\"></span>atio of adjusted EBIT<span class=\"_ _2\"></span> to revenue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Adjusted EBITD<span class=\"_ _2\"></span>A = adjusted EBIT<span class=\"_ _0\"></span> before deprecia<span class=\"_ _0\"></span>tion and amortization;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Segment result is the pro\ue615t fr<span class=\"_ _0\"></span>om operatin<span class=\"_ _0\"></span>g activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Segment assets are those oper<span class=\"_ _0\"></span>ating assets that ar<span class=\"_ _0\"></span>e employe<span class=\"_ _0\"></span>d by a reportable segment in its oper<span class=\"_ _2\"></span>ating activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Segment liabilities are those oper<span class=\"_ _2\"></span>ating liabilities that result fr<span class=\"_ _0\"></span>om the operating a<span class=\"_ _0\"></span>ctivities of a reportable segment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws14\">Net cash from (use<span class=\"_ _0\"></span>d in) reportable segments is the e<span class=\"_ _0\"></span>xcess of cash receipts o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> cash disbursements from activities th<span class=\"_ _0\"></span>at </span></span>result from a r<span class=\"_ _0\"></span>eportable segment. <span class=\"_ _2\"></span>\ue618e \ue615nancial \ue617ows, the inter<span class=\"_ _0\"></span>est receive<span class=\"_ _0\"></span>d and cash \ue617ows from other<span class=\"_ _2\"></span> investing activities are not attributed to a r<span class=\"_ _0\"></span>eportable segment; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws5c\">Segment capital expenditure is the total cost incurr<span class=\"_ _0\"></span>ed during the period to acquire segment as<span class=\"_ _0\"></span>sets that are e<span class=\"_ _0\"></span>xpected to </span></span>be used for<span class=\"_ _0\"></span> more than one ye<span class=\"_ _2\"></span>ar; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wse6\">Other non-cash items include imp<span class=\"_ _0\"></span>airment losses and reversal of impairment los<span class=\"_ _0\"></span>ses of receiv<span class=\"_ _0\"></span>ables, write do<span class=\"_ _0\"></span>wns of in<span class=\"ws1\">-</span></span></span>ventories and rev<span class=\"_ _0\"></span>ersals of write downs,<span class=\"_ _0\"></span> past service costs (<span class=\"_ _0\"></span>credits) and gains and los<span class=\"_ _0\"></span>ses on settlements of de\ue615ned bene\ue615t liabilities, gr<span class=\"_ _2\"></span>anted subventions and additions and rev<span class=\"_ _0\"></span>ersals of provisions,<span class=\"_ _2\"></span> excluding prov<span class=\"_ _0\"></span>isions for income tax,<span class=\"_ _0\"></span> to the extent re\ue617ected in r<span class=\"_ _0\"></span>esults from oper<span class=\"_ _0\"></span>ating activ<span class=\"_ _0\"></span>ities.Radiology  Digital Print  Reportable segment<span class=\"_ _1bb\"> </span>HealthCare ITO\ue615set Solutions<span class=\"_ _1bc\"> </span><span class=\"ffa ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>Solutions&amp; ChemicalsMILLION EURO<span class=\"_ _1bd\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9b\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9b\"> </span><span class=\"ffc\">2022<span class=\"_ _9d\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _9d\"> </span><span class=\"ffc\">2022</span>Revenue<span class=\"_ _14d\"> </span>\ue61f\ue61d\ue61b<span class=\"_ _9c\"> </span>\ue61f\ue616\ue616<span class=\"_ _4d\"> </span>\ue616\ue617\ue616<span class=\"_ _ae\"> </span>\ue616\ue617\ue61f<span class=\"_ _9c\"> </span>\ue61a\ue61a\ue61e<span class=\"_ _ae\"> </span>\ue61a\ue619\ue61f<span class=\"_ _9c\"> </span>\ue619\ue616\ue61c<span class=\"_ _ae\"> </span>\ue619\ue619\ue61b<span class=\"_ _a3\"> </span>\ue61d,\ue619\ue617\ue61e<span class=\"_ _a3\"> </span>\ue61d,\ue61c\ue618\ue619Change\ue610<span class=\"_ _37\"> </span>-\ue616.\ue61c%<span class=\"_ _183\"> </span>\ue61d\ue61d.\ue618%<span class=\"_ _5e\"> </span>-\ue616.\ue618%<span class=\"_ _5e\"> </span>-\ue61e.\ue616%<span class=\"_ _bd\"> </span>\ue61d\ue61a.\ue61b%<span class=\"_ _183\"> </span>\ue61d\ue61f.\ue61b%<span class=\"_ _9e\"> </span>\ue617.\ue61a%<span class=\"_ _93\"> </span>\ue616.\ue61f%<span class=\"_ _9e\"> </span>\ue61a.\ue61e%<span class=\"_ _9e\"> </span>\ue618.\ue618%Adjusted EBIT<span class=\"_ _1be\"> </span>\ue61f\ue61f<span class=\"_ _60\"> </span>\ue61f\ue61e<span class=\"_ _60\"> </span>\ue61a\ue61c<span class=\"_ _60\"> </span>\ue61f\ue61f<span class=\"_ _188\"> </span>\ue619<span class=\"_ _99\"> </span>(\ue61b)<span class=\"_ _af\"> </span>(\ue617)<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue617\ue61d<span class=\"_ _60\"> </span>\ue618\ue61e% of revenue<span class=\"_ _1bf\"> </span>\ue61b.\ue61b%<span class=\"_ _93\"> </span>\ue61c.\ue61e%<span class=\"_ _9e\"> </span>\ue61c.\ue61d%<span class=\"_ _93\"> </span>\ue616.\ue61c%<span class=\"_ _9e\"> </span>\ue61f.\ue61a%<span class=\"_ _5e\"> </span>-\ue61f.\ue617%<span class=\"_ _5e\"> </span>-\ue61e.\ue61c%<span class=\"_ _93\"> </span>\ue61f.\ue61a%<span class=\"_ _9e\"> </span>\ue61a.\ue618%<span class=\"_ _9e\"> </span>\ue61f.\ue619%Amortization and depreciation<span class=\"_ _1c0\"> </span>\ue61a<span class=\"_ _188\"> </span>\ue61f<span class=\"_ _60\"> </span>\ue61d\ue618<span class=\"_ _60\"> </span>\ue61d\ue618<span class=\"_ _1bc\"> </span>\ue61c<span class=\"_ _188\"> </span>\ue61b<span class=\"_ _188\"> </span>\ue61c<span class=\"_ _1bc\"> </span>\ue61c<span class=\"_ _60\"> </span>\ue61a\ue616<span class=\"_ _60\"> </span>\ue61a\ue618Depreciation right-of-use assets<span class=\"_ _1c1\"> </span>\ue617<span class=\"_ _188\"> </span>\ue618<span class=\"_ _1bc\"> </span>\ue61c<span class=\"_ _184\"> </span>\ue61b<span class=\"_ _1bc\"> </span>\ue616<span class=\"_ _188\"> </span>\ue616<span class=\"_ _60\"> </span>\ue61d\ue61e<span class=\"_ _60\"> </span>\ue61d\ue61e<span class=\"_ _60\"> </span>\ue61f\ue61c<span class=\"_ _60\"> </span>\ue61f\ue61cAdjusted EBITDA<span class=\"_ _b1\"> </span>\ue61a\ue61e<span class=\"_ _60\"> </span>\ue61f\ue619<span class=\"_ _60\"> </span>\ue617\ue61d<span class=\"_ _60\"> </span>\ue616\ue619<span class=\"_ _8b\"> </span>\ue61d\ue61b<span class=\"_ _188\"> </span>\ue61a<span class=\"_ _60\"> </span>\ue61d\ue61f<span class=\"_ _60\"> </span>\ue61a\ue617<span class=\"_ _4d\"> </span>\ue61d\ue61f\ue61f<span class=\"_ _ae\"> </span>\ue61d\ue61d\ue61aSegment result<span class=\"_ _153\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue616\ue61d<span class=\"_ _88\"> </span>(\ue619\ue61f)<span class=\"_ _1bc\"> </span>\ue618<span class=\"_ _88\"> </span>(\ue61d\ue618)<span class=\"_ _88\"> </span>(\ue61d\ue617)<span class=\"_ _a5\"> </span>(\ue61a\ue617)<span class=\"_ _60\"> </span>\ue616\ue619<span class=\"_ _a3\"> </span>(\ue61d\ue61e\ue618)Segment assets<span class=\"_ _1c2\"> </span>\ue61a\ue61b\ue618<span class=\"_ _4d\"> </span>\ue616\ue61f\ue61e<span class=\"_ _4d\"> </span>\ue61a\ue61b\ue61f<span class=\"_ _4d\"> </span>\ue61a\ue61e\ue617<span class=\"_ _ae\"> </span>\ue61f\ue616\ue61e<span class=\"_ _4d\"> </span>\ue61a\ue61a\ue61a<span class=\"_ _4d\"> </span>\ue616\ue61f\ue61b<span class=\"_ _4d\"> </span>\ue61a\ue61c\ue61f<span class=\"_ _a3\"> </span>\ue61d,\ue616\ue618\ue617<span class=\"_ _a3\"> </span>\ue61d,\ue616\ue616\ue61dSegment liabilities<span class=\"_ _1c3\"> </span>\ue61d\ue61f\ue61b<span class=\"_ _4d\"> </span>\ue61d\ue61f\ue61a<span class=\"_ _4d\"> </span>\ue61d\ue61b\ue61a<span class=\"_ _4d\"> </span>\ue61d\ue617\ue616<span class=\"_ _8b\"> </span>\ue619\ue617<span class=\"_ _4d\"> </span>\ue61d\ue61e\ue618<span class=\"_ _4d\"> </span>\ue61f\ue61b\ue61a<span class=\"_ _4d\"> </span>\ue61f\ue61f\ue61c<span class=\"_ _ae\"> </span>\ue617\ue61b\ue61d<span class=\"_ _4d\"> </span>\ue617\ue61f\ue61eNet cash from (used in) reportable segments<span class=\"_ _185\"> </span>\ue617<span class=\"_ _99\"> </span>(\ue619)<span class=\"_ _60\"> </span>\ue618\ue616<span class=\"_ _1bc\"> </span>\ue616<span class=\"_ _188\"> </span>\ue618<span class=\"_ _88\"> </span>(\ue61a\ue61c)<span class=\"_ _1bc\"> </span>\ue61a<span class=\"_ _88\"> </span>(\ue61f\ue61c)<span class=\"_ _60\"> </span>\ue617\ue61c<span class=\"_ _88\"> </span>(\ue617\ue61c)Capital expenditures<span class=\"_ _1c4\"> </span>\ue61d<span class=\"_ _188\"> </span>\ue61f<span class=\"_ _60\"> </span>\ue61d\ue61e<span class=\"_ _60\"> </span>\ue61d\ue61d<span class=\"_ _1bc\"> </span>\ue61b<span class=\"_ _60\"> </span>\ue61d\ue61d<span class=\"_ _188\"> </span>\ue617<span class=\"_ _188\"> </span>\ue61c<span class=\"_ _60\"> </span>\ue61f\ue617<span class=\"_ _8b\"> </span>\ue61a\ue61fImpairment losses recognized on  -<span class=\"_ _a1\"> </span>-<span class=\"_ _a1\"> </span>-<span class=\"_ _60\"> </span>\ue619\ue61a<span class=\"_ _1c5\"> </span>-<span class=\"_ _a1\"> </span>-<span class=\"_ _188\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue616\ue61d<span class=\"_ _188\"> </span>\ue61d<span class=\"_ _4d\"> </span>\ue61d\ue61d\ue616non-current assetsOther non-cash items<span class=\"_ _8e\"> </span>\ue61d\ue618<span class=\"_ _60\"> </span>\ue61f\ue61e<span class=\"_ _8b\"> </span>\ue61a\ue61f<span class=\"_ _60\"> </span>\ue618\ue61d<span class=\"_ _60\"> </span>\ue61f\ue619<span class=\"_ _60\"> </span>\ue61a\ue618<span class=\"_ _60\"> </span>\ue616\ue61e<span class=\"_ _60\"> </span>\ue61a\ue61b<span class=\"_ _4d\"> </span>\ue61d\ue61d\ue616<span class=\"_ _ae\"> </span>\ue61d\ue616\ue616Research and development expenses<span class=\"_ _156\"> </span>\ue61f\ue61b<span class=\"_ _60\"> </span>\ue61a\ue61a<span class=\"_ _60\"> </span>\ue61d\ue61c<span class=\"_ _60\"> </span>\ue61d\ue617<span class=\"_ _60\"> </span>\ue61f\ue61f<span class=\"_ _60\"> </span>\ue61f\ue61b<span class=\"_ _60\"> </span>\ue61f\ue61e<span class=\"_ _60\"> </span>\ue61f\ue61e<span class=\"_ _60\"> </span>\ue61c\ue61b<span class=\"_ _60\"> </span>\ue61b\ue61cAverage number of employees  \ue61d,\ue61f\ue61c\ue61d<span class=\"_ _a3\"> </span>\ue61d,\ue61f\ue61f\ue61b<span class=\"_ _a3\"> </span>\ue61f,\ue61f\ue61c\ue618<span class=\"_ _a3\"> </span>\ue61f,\ue61d\ue61d\ue61f<span class=\"_ _a3\"> </span>\ue61d,\ue61d\ue618\ue619<span class=\"_ _a3\"> </span>\ue61d,\ue61f\ue61a\ue61e<span class=\"_ _a3\"> </span>\ue61f,\ue616\ue61e\ue61f<span class=\"_ _a3\"> </span>\ue61f,\ue61d\ue618\ue61d<span class=\"_ _a3\"> </span>\ue619,\ue61d\ue61f\ue617<span class=\"_ _a3\"> </span>\ue617,\ue619\ue61f\ue61d (\ue61d)(Full time equivalents)(1) <span class=\"_ _0\"></span>\ue618e \ue615gures comprise permanent and tempor<span class=\"_ _0\"></span>ary contracts.6.3 Reconciliation of revenue, adjusted EBIT<span class=\"_ _1\"></span>, pro\ue61ft or loss, assets, liabilities and cash \ue60bowsMILLION EURO<span class=\"_ _1c6\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>RevenueRevenue for reportable segments<span class=\"_ _1c7\"> </span>\ue61d,\ue619\ue617\ue61e<span class=\"_ _39\"> </span>\ue61d,\ue61c\ue618\ue619Consolidated revenue<span class=\"_ _1c8\"> </span>1,760<span class=\"_ _39\"> </span>1,857Adjusted EBITAdjusted EBIT for reportable segments<span class=\"_ _178\"> </span>\ue617\ue61d<span class=\"_ _f8\"> </span>\ue618\ue61e (\ue61d)Adjusted EBIT not allocated to a reportable segment(\ue61d\ue61b)<span class=\"_ _12b\"> </span>(\ue61d\ue61b)Consolidated adjusted EBIT<span class=\"_ _113\"> </span>42<span class=\"_ _14b\"> </span>31Pro\ue615t or lossSegment result<span class=\"_ _1c9\"> </span>\ue616\ue619<span class=\"_ _39\"> </span>(\ue61d\ue61e\ue618) (\ue61d)Pro\ue614t (loss) from operating activities not allocated to a reportable segment(\ue61a\ue61c)<span class=\"_ _12b\"> </span>(\ue618\ue618)Results from operating activities<span class=\"_ _78\"> </span>9<span class=\"_ _163\"> </span>(160)Other unallocated amounts:Interest income (expense) - net<span class=\"_ _1ca\"> </span>(\ue61d)<span class=\"_ _136\"> </span>-Other \ue614nance income (expense) - net<span class=\"_ _1cb\"> </span>(\ue617)<span class=\"_ _12b\"> </span>(\ue61f\ue61e)Share of pro\ue614t of associates - net of tax<span class=\"_ _15b\"> </span>-<span class=\"_ _d4\"> </span>(\ue61d)Consolidated pro\ue615t (loss) before income taxes<span class=\"_ _1cc\"> </span>1<span class=\"_ _163\"> </span>(181)AssetsT<span class=\"_ _2\"></span>otal assets for reportable segments<span class=\"_ _1cd\"> </span>\ue61d,\ue616\ue618\ue617<span class=\"_ _39\"> </span>\ue61d,\ue616\ue616\ue61d (\ue61d)\ue610Operating assets not allocated to a reportable segment \ue616\ue61a<span class=\"_ _14b\"> </span>\ue61f\ue61fOther \ue614nancial assets<span class=\"_ _1ce\"> </span>\ue61d\ue61e<span class=\"_ _b4\"> </span>\ue617Deferred tax assets<span class=\"_ _18\"> </span>\ue61d\ue61f\ue616<span class=\"_ _14b\"> </span>\ue61b\ue61dDerivative \ue614nancial instruments<span class=\"_ _77\"> </span>\ue61d<span class=\"_ _b4\"> </span>\ue61aCash and cash equivalents<span class=\"_ _126\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _13c\"> </span>\ue61d\ue61a\ue61cCurrent income tax assets<span class=\"_ _1cf\"> </span>\ue617\ue61a<span class=\"_ _14b\"> </span>\ue618\ue617Consolidated total assets<span class=\"_ _1d0\"> </span>2,095<span class=\"_ _39\"> </span>1,756LiabilitiesT<span class=\"_ _2\"></span>otal liabilities for reportable segments<span class=\"_ _151\"> </span>\ue617\ue61b\ue61d<span class=\"_ _13c\"> </span>\ue617\ue61f\ue61e (\ue61d)\ue610Operating liabilities not allocated to a reportable segment\ue617\ue61e\ue61c<span class=\"_ _13c\"> </span>\ue616\ue617\ue61bLoans and borrowings<span class=\"_ _122\"> </span>\ue619\ue61f<span class=\"_ _14b\"> </span>\ue617\ue617Deferred tax liabilities<span class=\"_ _17b\"> </span>\ue617<span class=\"_ _13f\"> </span>\ue61bDerivative \ue614nancial instruments<span class=\"_ _77\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue61fCurrent income tax liabilities<span class=\"_ _1d1\"> </span>\ue61f\ue61c<span class=\"_ _14b\"> </span>\ue61f\ue61bOther unallocated liabilities<span class=\"_ _144\"> </span>\ue61f<span class=\"_ _136\"> </span>-Equity<span class=\"_ _7f\"> </span>\ue617\ue61c\ue618<span class=\"_ _13c\"> </span>\ue618\ue617\ue61dConsolidated total equity and liabilities<span class=\"_ _1d2\"> </span>2,095<span class=\"_ _39\"> </span>1,756Cash \ue613owsNet cash from (used in) reportable segments<span class=\"_ _17\"> </span>\ue617\ue61c<span class=\"_ _18c\"> </span>(\ue617\ue61c)Operating cash \ue613ows not allocated to a reportable segment<span class=\"_ _1d3\"> </span>(\ue61f\ue61d\ue61c)<span class=\"_ _12b\"> </span>(\ue61b\ue61f)Net interest and dividend paid to non-controlling interests<span class=\"_ _1d4\"> </span>(\ue618)<span class=\"_ _12b\"> </span>(\ue61d\ue61e)Purchase of treasury shares<span class=\"_ _1d5\"> </span>(\ue61f\ue61b)<span class=\"_ _12b\"> </span>(\ue61f\ue61d)Net proceeds from borrowings<span class=\"_ _1d6\"> </span>(\ue61f)<span class=\"_ _d4\"> </span>(\ue61d)Acquisitions and disposals of business<span class=\"_ _1b1\"> </span>-<span class=\"_ _18c\"> </span>(\ue618\ue61a)Proceeds/(payment) of derivatives<span class=\"_ _1d7\"> </span>(\ue61f)<span class=\"_ _d4\"> </span>(\ue61b)Other<span class=\"_ _110\"> </span>\ue616<span class=\"_ _b4\"> </span>\ue61dConsolidated net increase (decrease) in cash and cash equivalents<span class=\"_ _1d8\"> </span>(185)<span class=\"_ _163\"> </span>(253)(1) Operatin<span class=\"_ _0\"></span>g results, assets and li<span class=\"_ _0\"></span>abilities and cash \ue617ows, not allocate<span class=\"_ _0\"></span>d to a reportable segment, r<span class=\"_ _0\"></span>elate mainly to corpor<span class=\"_ _0\"></span>ate functions  at Group level and ina<span class=\"_ _0\"></span>ctive employees.6.4 Reconciliation of other material items for 2021 and 2022Other material items 2021\ue618e segmented other m<span class=\"_ _0\"></span>aterial items as presented in the table under<span class=\"_ _2\"></span> Note 6.2 can be reconciled with the consolid<span class=\"_ _0\"></span>ated \ue615gures as follo<span class=\"_ _0\"></span>ws:Reportable MILLION EURO<span class=\"_ _1d9\"> </span>NoteAdjustments<span class=\"_ _1da\"> </span><span class=\"ffc ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>segments totalCapital expenditures (cash out\ue613ows)<span class=\"_ _ed\"> </span>\ue61f\ue619/\ue61f\ue61c<span class=\"_ _ed\"> </span>\ue61f\ue617<span class=\"_ _1c0\"> </span>-<span class=\"_ _16d\"> </span>\ue61f\ue617Amortization and depreciation<span class=\"_ _1db\"> </span>\ue61f\ue619/\ue61f\ue61c<span class=\"_ _ed\"> </span>\ue61a\ue616<span class=\"_ _1c0\"> </span>-<span class=\"_ _16d\"> </span>\ue61a\ue616Depreciation right-of-use assets (IFRS \ue61d\ue617)<span class=\"_ _c4\"> </span>\ue61f\ue61b<span class=\"_ _e1\"> </span>\ue61f\ue61c<span class=\"_ _1c0\"> </span>-<span class=\"_ _1a9\"> </span>\ue61f\ue61cImpairment losses recognized on non-current assets<span class=\"_ _d0\"> </span>\ue61f\ue619/\ue61f\ue61c/\ue61f\ue61b<span class=\"_ _fb\"> </span>\ue61d<span class=\"_ _4e\"> </span>-<span class=\"_ _94\"> </span>\ue61dOther non-cash items<span class=\"_ _1dc\"> </span>\ue61d\ue61d\ue616<span class=\"_ _1c0\"> </span>-<span class=\"_ _f3\"> </span>\ue61d\ue61d\ue616Research and development expenses<span class=\"_ _1dd\"> </span>\ue61c\ue61b<span class=\"_ _193\"> </span>\ue617<span class=\"_ _16d\"> </span>\ue61b\ue618Other material items 2022Reportable MILLION EURO<span class=\"_ _128\"> </span>NoteAdjustments<span class=\"_ _1da\"> </span><span class=\"ffc ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>segments totalCapital expenditures (cash out\ue613ows)<span class=\"_ _db\"> </span>\ue61f\ue619/\ue61f\ue61c<span class=\"_ _ed\"> </span>\ue61a\ue61f<span class=\"_ _1c0\"> </span>-<span class=\"_ _1a9\"> </span>\ue61a\ue61aAmortization and depreciation<span class=\"_ _1de\"> </span>\ue61f\ue619/\ue61f\ue61c<span class=\"_ _ed\"> </span>\ue61a\ue616<span class=\"_ _1c0\"> </span>-<span class=\"_ _16d\"> </span>\ue61a\ue618Depreciation right-of-use assets (IFRS \ue61d\ue617)<span class=\"_ _138\"> </span>\ue61f\ue61b<span class=\"_ _dd\"> </span>\ue61f\ue61c<span class=\"_ _1c0\"> </span>-<span class=\"_ _1a9\"> </span>\ue61f\ue61cImpairment losses recognized on non-current assets<span class=\"_ _89\"> </span>\ue61f\ue619/\ue61f\ue61c/\ue61f\ue61b<span class=\"_ _1df\"> </span>\ue61d\ue61d\ue616<span class=\"_ _1c0\"> </span>-<span class=\"_ _f3\"> </span>\ue61d\ue61d\ue616Other non-cash items<span class=\"_ _1e0\"> </span>\ue61d\ue616\ue616<span class=\"_ _193\"> </span>\ue618<span class=\"_ _f3\"> </span>\ue61d\ue616\ue61bResearch and development expenses<span class=\"_ _1e1\"> </span>\ue61b\ue61c<span class=\"_ _193\"> </span>\ue61a<span class=\"_ _f3\"> </span>\ue61d\ue61e\ue61d6.5 Geographical information for 2021 and 2022\ue618e Group distinguishes f<span class=\"_ _0\"></span>our geogr<span class=\"_ _2\"></span>aphical regions: Europe<span class=\"_ _0\"></span>, N<span class=\"_ _0\"></span>AFT<span class=\"_ _2\"></span>A,<span class=\"_ _0\"></span> Latin America and Asia/<span class=\"_ _2\"></span>Oceania/<span class=\"_ _2\"></span>Africa. \ue618e Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s <span class=\"_ _86\"></span><span class=\"ws1\"> </span>cou<span class=\"_ _22\"></span>ntr<span class=\"_ _22\"></span>y o<span class=\"_ _22\"></span>f establishment is Belgium.\ue61f\ue61e\ue61f\ue61d2022MILLION EURO (\ue61d)Revenue by marketRevenue by marketEurope<span class=\"_ _1a\"> </span>\ue617\ue618\ue616\ue617\ue61c\ue61a\ue610\ue610 of which related to home market Belgium<span class=\"_ _1e2\"> </span>\ue61a\ue616<span class=\"_ _1c2\"> </span>\ue61a\ue618NAFT<span class=\"_ _2\"></span>A<span class=\"_ _109\"> </span>\ue61a\ue618\ue61e<span class=\"_ _1e3\"> </span>\ue616\ue61f\ue618Latin America<span class=\"_ _1e4\"> </span><span class=\"ws1\">\ue61d\ue61e\ue619<span class=\"_ _1e3\"> </span>\ue61d\ue61f\ue61c</span>Asia/Oceania/Africa<span class=\"_ _1b6\"> </span>\ue617\ue618\ue61e<span class=\"_ _1e5\"> </span>\ue617\ue61f\ue61eTOT<span class=\"_ _0\"></span>AL<span class=\"_ _1e6\"> </span><span class=\"ls1 ws1\">1,760<span class=\"_ _1c3\"> </span>1,857</span>All foreign countriesGermany<span class=\"_ _16\"> </span>\ue61d\ue61a\ue61f<span class=\"_ _1e3\"> </span>\ue61d\ue61f\ue61bFrance<span class=\"_ _149\"> </span>\ue618\ue619<span class=\"_ _1e7\"> </span>\ue617\ue61eItaly<span class=\"_ _1e8\"> </span>\ue617\ue61b<span class=\"_ _1e7\"> </span>\ue619\ue616UK<span class=\"_ _13\"> </span>\ue619\ue616<span class=\"_ _1c2\"> </span>\ue61b\ue61eUS<span class=\"_ _68\"> </span>\ue61f\ue619\ue61e<span class=\"_ _1e3\"> </span>\ue61a\ue61f\ue61cCanada<span class=\"_ _113\"> </span>\ue616\ue61c<span class=\"_ _1c2\"> </span>\ue617\ue61eBrazil<span class=\"_ _157\"> </span>\ue618\ue61e<span class=\"_ _1e7\"> </span>\ue617\ue61eIndia<span class=\"_ _175\"> </span>\ue618\ue616<span class=\"_ _1e7\"> </span>\ue617\ue61eChina\ue610<span class=\"_ _113\"> </span>\ue61a\ue61f\ue61f<span class=\"_ _1e3\"> </span>\ue61a\ue61e\ue61dJapan<span class=\"_ _157\"> </span>\ue618\ue61e<span class=\"_ _1c2\"> </span>\ue616\ue617Other countries<span class=\"_ _1a0\"> </span>\ue617\ue61a\ue616<span class=\"_ _1e3\"> </span>\ue617\ue616\ue61bTOT<span class=\"_ _2\"></span>AL CONSOLIDA<span class=\"_ _2\"></span>TED<span class=\"_ _1e9\"> </span>1,760<span class=\"_ _1c3\"> </span>1,857(1) Location by customer\ue61f\ue61e\ue61f\ue61d2022MILLION EURO (\ue61d)Non-current assetsNon-current assetsEurope<span class=\"_ _1d1\"> </span>\ue61f\ue617\ue619<span class=\"_ _1e5\"> </span>\ue61f\ue61f\ue61e\ue610\ue610 of which related to home market Belgium<span class=\"_ _1ea\"> </span>\ue61d\ue61c\ue616<span class=\"_ _1e3\"> </span>\ue61d\ue61b\ue61dNAFT<span class=\"_ _2\"></span>A<span class=\"_ _1a\"> </span>\ue61a\ue61e\ue61d<span class=\"_ _1e5\"> </span>\ue61f\ue617\ue617Latin America<span class=\"_ _1eb\"> </span><span class=\"ws1\">\ue61b<span class=\"_ _1bf\"> </span>\ue618</span>Asia/Oceania/Africa<span class=\"_ _123\"> </span>\ue618\ue616<span class=\"_ _1e7\"> </span>\ue61f\ue61aTOT<span class=\"_ _0\"></span>AL<span class=\"_ _109\"> </span><span class=\"ls1 ws1\">632<span class=\"_ _1e5\"> </span>513</span>All foreign countriesGermany<span class=\"_ _1ec\"> </span>\ue61a\ue61a<span class=\"_ _1bf\"> </span>\ue617Belgium<span class=\"_ _1ed\"> </span>\ue61d\ue61c\ue61a<span class=\"_ _1e3\"> </span>\ue61d\ue619\ue616UK<span class=\"_ _120\"> </span>\ue616\ue61d<span class=\"_ _1c2\"> </span>\ue61f\ue61cUS<span class=\"_ _1ee\"> </span>\ue61d\ue618\ue61d<span class=\"_ _1e3\"> </span>\ue61d\ue61d\ue616Canada<span class=\"_ _19e\"> </span>\ue61d\ue616\ue61c<span class=\"_ _1e5\"> </span>\ue61d\ue618\ue61eBrazil<span class=\"_ _1ef\"> </span>\ue617<span class=\"_ _1bf\"> </span>\ue61fChina<span class=\"_ _1f0\"> </span>\ue61f\ue61b<span class=\"_ _1bf\"> </span>\ue61bHong Kong<span class=\"_ _1ca\"> </span>\ue61d\ue61f<span class=\"_ _1f1\"> </span>\ue61bOther countries<span class=\"_ _1f2\"> </span>\ue61f\ue61c<span class=\"_ _1e7\"> </span>\ue61f\ue61fTOT<span class=\"_ _0\"></span>AL<span class=\"_ _109\"> </span><span class=\"ls1 ws1\">632<span class=\"_ _1e5\"> </span>513</span>(1) Excluding deferr<span class=\"_ _0\"></span>ed tax assets based on the location of the assets.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__18": {
   "value": ".<span class=\"_\"> </span>REVENUEMILLION EURO<span class=\"_ _10b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Revenue from contracts with customers<span class=\"_ _1fe\"> </span>\ue61d,\ue619\ue61e\ue61b<span class=\"_ _39\"> </span>\ue61d,\ue61c\ue61e\ue617Revenue from other sources: Cash Flow hedges<span class=\"_ _1ff\"> </span>\ue61d<span class=\"_ _d4\"> </span>(\ue618)Revenue from other sources: Leasing activities<span class=\"_ _200\"> </span>\ue618\ue61e<span class=\"_ _14b\"> </span>\ue618\ue617TOT<span class=\"_ _2\"></span>AL REVENUE<span class=\"_ _201\"> </span>1,760<span class=\"_ _39\"> </span>1,857\ue618e HealthCar<span class=\"_ _0\"></span>e IT and Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals divisions posted sales gr<span class=\"_ _0\"></span>owth ex<span class=\"_ _0\"></span>cluding currency impact.<span class=\"_ _2\"></span> Mainly due to price increases,<span class=\"_ _2\"></span> O\ue614set Solutions\u2019 top line rem<span class=\"_ _0\"></span>ained stable and Radiology Solutions<span class=\"_ _2\"></span>\u2019 medical \ue615lm business w<span class=\"_ _0\"></span>as heav<span class=\"_ _0\"></span>ily impacted b<span class=\"_ _0\"></span>y the COVID-lock<span class=\"_ _0\"></span>downs in China.<span class=\"_ _0\"></span> Due to increase<span class=\"_ _0\"></span>d momentum in the second half of the year<span class=\"_ _2\"></span>, the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> division<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s top line increased in North <span class=\"_ _0\"></span>Amer<span class=\"ws1\">-</span>ica and Europe v<span class=\"_ _0\"></span>ersus the previous <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e growth w<span class=\"_ _2\"></span>as driven by the revenue r<span class=\"_ _0\"></span>ecognition from a number of important contracts,<span class=\"_ _2\"></span> as well as a stabilization of recurring r<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>. For<span class=\"_ _2\"></span> Radiology Solutions, stability is e<span class=\"_ _0\"></span>xpected, w<span class=\"_ _0\"></span>ith continuous margin pressur<span class=\"_ _0\"></span>e for<span class=\"_ _0\"></span> medical \ue615lm. <span class=\"_ _2\"></span>\ue618e progress in Direct Radiograph<span class=\"_ _2\"></span>y that was r<span class=\"_ _0\"></span>ecorded in the second half of 20<span class=\"_ _0\"></span>22 is expected to continue<span class=\"_ _2\"></span>. \ue618e m<span class=\"_ _0\"></span>arket driven top line decline for<span class=\"_ _2\"></span> the Computed Radiogr<span class=\"_ _0\"></span>aphy business <span class=\"_ _0\"></span>was f<span class=\"_ _0\"></span>urther ampli\ue615ed b<span class=\"_ _0\"></span>y the current geopolitical situ<span class=\"_ _0\"></span>ation and component shortages. Agfa continues to manag<span class=\"_ _0\"></span>e the CR business to maintain health<span class=\"_ _2\"></span>y pro\ue615t margins. F<span class=\"_ _2\"></span>ollowing a number of slow<span class=\"_ _0\"></span>er quarters,<span class=\"_ _2\"></span> <span class=\"_ _56\"></span><span class=\"ws1\"> </span>th<span class=\"_ _22\"></span>e <span class=\"_ _22\"></span>D<span class=\"_ _22\"></span>ir<span class=\"_ _22\"></span>ec<span class=\"_ _22\"></span>t <span class=\"_ _22\"></span>Radiography<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>\u2019 rev<span class=\"_ _0\"></span>enue started to pick up in the second half of the ye<span class=\"_ _2\"></span>ar.<span class=\"_ _2\"></span> Strong sales growth w<span class=\"_ _2\"></span>as recorded in<span class=\"_ _2\"></span> AS<span class=\"_ _2\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>C <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> LA<span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>AM. In a number of countries in those regions,<span class=\"_ _0\"></span> \ue615rst-of-a-kind installations <span class=\"_ _0\"></span>were re<span class=\"_ _2\"></span>alized with sever<span class=\"_ _0\"></span>al systems,<span class=\"_ _2\"></span> including high-end modalities and the recently introduced <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>ALOR<span class=\"_ _0\"></span>Y X<span class=\"_ _2\"></span>-ray r<span class=\"_ _0\"></span>oom. Furthermore<span class=\"_ _2\"></span>, Agfa has tak<span class=\"_ _2\"></span>en measur<span class=\"_ _0\"></span>es to deal with the pos<span class=\"_ _0\"></span>t-COVID mark<span class=\"_ _0\"></span>et volatilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. Recently<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the DR market saw<span class=\"_ _0\"></span> the entry of several new competitors with low<span class=\"_ _0\"></span>-cost solutions.  In the \ue615eld of digital print, the top line of the sign &amp; display<span class=\"_ _0\"></span> business grew str<span class=\"_ _0\"></span>ongly<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e ink product ran<span class=\"_ _0\"></span>ges for<span class=\"_ _0\"></span> sign &amp; display applications perf<span class=\"_ _0\"></span>ormed well thr<span class=\"_ _0\"></span>oughout the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. In spite of industry-wide logistic challeng<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> the high-end equipment, the w<span class=\"_ _0\"></span>ide-format printing equipment business poste<span class=\"_ _0\"></span>d solid revenue gr<span class=\"_ _0\"></span>owth. In the \ue615e<span class=\"_ _0\"></span>ld of industrial inkjet, the d\u00e9cor printing busines<span class=\"_ _0\"></span>s was imp<span class=\"_ _0\"></span>acted by<span class=\"_ _0\"></span> the weak<span class=\"_ _2\"></span>ening economic environment,<span class=\"_ _0\"></span> as customers are postponing in<span class=\"_ _0\"></span>vestments in their digitization pr<span class=\"_ _0\"></span>ocess. <span class=\"_ _0\"></span>V<span class=\"_ _2\"></span>olumes for OEM inks decr<span class=\"_ _0\"></span>eased due to the lock<span class=\"_ _0\"></span>downs in China,<span class=\"_ _0\"></span> the unstable geopolitical situation and the we<span class=\"_ _2\"></span>ak economic environment.Mainly due to price incre<span class=\"_ _0\"></span>ases, O\ue614set Solutions<span class=\"_ _0\"></span>\u2019 top line r<span class=\"_ _0\"></span>emained stable<span class=\"_ _2\"></span>. \ue618e div<span class=\"_ _0\"></span>ision continued to focus on high-v<span class=\"_ _0\"></span>alue re<span class=\"ls1 ws1\">-</span>gions, concentr<span class=\"_ _0\"></span>ating on margins r<span class=\"_ _2\"></span>ather than volumes.<span class=\"_ _0\"></span> In spite of the lower<span class=\"_ _0\"></span> volumes,<span class=\"_ _0\"></span> the successful implementation of price increases to ta<span class=\"_ _0\"></span>ckle the over<span class=\"_ _0\"></span>all cost in\ue617ation,<span class=\"_ _0\"></span> among others for r<span class=\"_ _2\"></span>aw materials, p<span class=\"_ _0\"></span>ackaging and freight le<span class=\"_ _0\"></span>d to top line growth. 8.<span class=\"_ _2\"></span>1 Nature of go<span class=\"_ _22\"></span>ods and services\ue618e Group gener<span class=\"_ _2\"></span>ates revenue from the sale of goods,<span class=\"_ _0\"></span> the rendering of services and o\ue614ers multiple-element arr<span class=\"_ _0\"></span>angements to customers. Other<span class=\"_ _2\"></span> sources of revenue include rental income from o<span class=\"_ _0\"></span>wned and leased equipment under<span class=\"_ _2\"></span> \ue615nance leases and immaterial amounts re<span class=\"_ _0\"></span>lated to hedge a<span class=\"_ _0\"></span>ccounting.<span class=\"_ _0\"></span> Revenue from the sale of g<span class=\"_ _0\"></span>oods includes the sale of consumables, chemicals,<span class=\"_ _0\"></span> spare p<span class=\"_ _0\"></span>arts, stand-alone equipment sales and softw<span class=\"_ _0\"></span>are licenses. R<span class=\"_ _0\"></span>evenue from the sale of goods ar<span class=\"_ _0\"></span>e recognized <span class=\"_ _0\"></span>when the customer obtains contr<span class=\"_ _0\"></span>ol of the goods and when it is probable th<span class=\"_ _0\"></span>at the agreed tr<span class=\"_ _0\"></span>ansaction price will be collecte<span class=\"_ _0\"></span>d. In ev<span class=\"_ _0\"></span>aluating w<span class=\"_ _0\"></span>hether collectability<span class=\"_ _0\"></span> is probable<span class=\"_ _2\"></span>, the entity considers the customer\u2019<span class=\"_ _2\"></span>s ability<span class=\"_ _0\"></span> and intention to pay tha<span class=\"_ _0\"></span>t amount when it is due<span class=\"_ _0\"></span>.Revenue from the r<span class=\"_ _0\"></span>endering of services includes installation services,<span class=\"_ _0\"></span> maintenance and post-contr<span class=\"_ _0\"></span>act support services. U<span class=\"_ _0\"></span>n<span class=\"ws1\">-</span>der the IFRS 1<span class=\"_ _0\"></span>5 standard,<span class=\"_ _2\"></span> as the customer simultaneously receives and cons<span class=\"_ _0\"></span>umes the bene\ue615ts related to these services,<span class=\"_ _2\"></span> the revenue fr<span class=\"_ _0\"></span>om rendering of services is recognize<span class=\"_ _0\"></span>d over<span class=\"_ _0\"></span> time<span class=\"_ _0\"></span>. In case the Group sells multiple services,<span class=\"_ _2\"></span> the total consideration in service contracts <span class=\"_ _0\"></span>will be allocated to all services base<span class=\"_ _0\"></span>d on their stand-alone se<span class=\"_ _0\"></span>lling price.<span class=\"_ _2\"></span> \ue618e stand-alone selling price will be determined base<span class=\"_ _0\"></span>d on the list prices at which the Group se<span class=\"_ _0\"></span>lls the services in separ<span class=\"_ _0\"></span>ate transactions.\ue618e Group moreo<span class=\"_ _0\"></span>ver enters into multiple-e<span class=\"_ _0\"></span>lement arrang<span class=\"_ _0\"></span>ements with customers w<span class=\"_ _0\"></span>hereby sev<span class=\"_ _0\"></span>eral deliv<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>bles such as softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, licenses,<span class=\"_ _0\"></span> hardw<span class=\"_ _2\"></span>are,<span class=\"_ _0\"></span> services and maintenance are combined and o\ue614er<span class=\"_ _0\"></span>ed to the customer<span class=\"_ _2\"></span>. In accor<span class=\"_ _0\"></span>dance with IFRS 15, the Gr<span class=\"_ _0\"></span>oup has assessed w<span class=\"_ _0\"></span>hether these deliv<span class=\"_ _0\"></span>erables qu<span class=\"_ _0\"></span>alify as separa<span class=\"_ _0\"></span>te performance obligations,<span class=\"_ _0\"></span> based on the criteria of separ<span class=\"_ _0\"></span>ate identi\ue615ability and w<span class=\"_ _0\"></span>hether or<span class=\"_ _0\"></span> not the customer<span class=\"_ _0\"></span> can bene\ue615t from goods or<span class=\"_ _0\"></span> services on its own or<span class=\"_ _0\"></span> with r<span class=\"_ _0\"></span>esources rea<span class=\"_ _0\"></span>dily av<span class=\"_ _0\"></span>ailable to him.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup concluded that for<span class=\"_ _2\"></span> arrangements not requiring s<span class=\"_ _0\"></span>ubstantive customization of the soft<span class=\"ws1\">-</span>war<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> these criteria were met.\ue618e application of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s accounting policy on recognition of rev<span class=\"_ _0\"></span>enue with reg<span class=\"_ _0\"></span>ard to multiple-element arr<span class=\"_ _0\"></span>angements requires judgment fr<span class=\"_ _0\"></span>om management in allocating the total arr<span class=\"_ _2\"></span>angement fee,<span class=\"_ _2\"></span> including any discounts, to e<span class=\"_ _0\"></span>ach perfor<span class=\"_ _0\"></span><span class=\"ws1\">-</span>mance obligation.<span class=\"_ _0\"></span> Changes to the performance oblig<span class=\"_ _0\"></span>ations in a multiple-element arr<span class=\"_ _0\"></span>angement and the respectiv<span class=\"_ _0\"></span>e value allocated to the performance obliga<span class=\"_ _0\"></span>tions could materially impa<span class=\"_ _0\"></span>ct the amount of earned and une<span class=\"_ _0\"></span>arned revenue<span class=\"_ _2\"></span>.Within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> and Radiology Solutions business segment, the v<span class=\"_ _0\"></span>ast majority of the arr<span class=\"_ _2\"></span>angements do not require signi\ue615cant customization or<span class=\"_ _0\"></span> modi\ue615cation. <span class=\"_ _0\"></span>Within the O\ue614set Solutions and Digital Print &amp; Chemicals busines<span class=\"_ _0\"></span>s segment, equipment sales that requir<span class=\"_ _0\"></span>e substantive install<span class=\"_ _0\"></span>ation activities are r<span class=\"_ _0\"></span>ecognized w<span class=\"_ _0\"></span>hen the installation of the equipment is \ue615nalized in accor<span class=\"_ _2\"></span>dance with the contractually<span class=\"_ _0\"></span> agreed speci\ue615cations.<span class=\"_ _0\"></span> Under IFRS 1<span class=\"_ _0\"></span>5, install<span class=\"_ _0\"></span>ation services and equipment are considered highly interr<span class=\"_ _0\"></span>elated and ar<span class=\"_ _0\"></span>e identi\ue615ed as one performance obligation th<span class=\"_ _0\"></span>at will be recogniz<span class=\"_ _0\"></span>ed at a point in time<span class=\"_ _0\"></span>, i.e<span class=\"_ _2\"></span>. at installation at the client<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s premises.Within He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _1\"></span>, the Group has de\ue615ned standar<span class=\"_ _0\"></span>d payment terms <span class=\"_ _0\"></span>which di\ue614er<span class=\"_ _0\"></span> between regions b<span class=\"_ _0\"></span>ased on local practic<span class=\"ws1\">-</span>es. P<span class=\"_ _2\"></span>ayment terms are kept as short as possible<span class=\"_ _2\"></span>. In Europe<span class=\"_ _2\"></span>, LA<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>AM, N<span class=\"_ _0\"></span>AFT<span class=\"_ _2\"></span>A and <span class=\"_ _0\"></span>ASP<span class=\"_ _2\"></span>AC these p<span class=\"_ _0\"></span>ayment terms are on a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age 30 days after<span class=\"_ _2\"></span> invoicing date<span class=\"_ _2\"></span>, except for<span class=\"_ _0\"></span> Southern Europe <span class=\"_ _0\"></span>where these r<span class=\"_ _0\"></span>ange between 60-90 d<span class=\"_ _0\"></span>ays after<span class=\"_ _0\"></span> inv<span class=\"_ _0\"></span>oicing date<span class=\"_ _0\"></span>.In other div<span class=\"_ _0\"></span>isions of the Group,<span class=\"_ _0\"></span> pay<span class=\"_ _0\"></span>ment terms are set based on business and g<span class=\"_ _0\"></span>eographical r<span class=\"_ _0\"></span>equirements. Dev<span class=\"_ _0\"></span>iations from this policy are rev<span class=\"_ _0\"></span>iewed by the Cr<span class=\"_ _0\"></span>edit Committees and appro<span class=\"_ _0\"></span>ved base<span class=\"_ _0\"></span>d on di\ue614erent criteria.Contra<span class=\"_ _0\"></span>ct assets relate<span class=\"_ _0\"></span>d to multiple-element arran<span class=\"_ _0\"></span>gements within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> business amount to 85 million Euro (2021: 66 million E<span class=\"_ _0\"></span>uro),<span class=\"_ _0\"></span> to 7 million Euro w<span class=\"_ _0\"></span>ithin the Radiology Solutions division (20<span class=\"_ _0\"></span>21: 9 million Euro<span class=\"_ _0\"></span>), and to 3 million Euro w<span class=\"_ _0\"></span>ithin the division of Digital Print &amp; Chemicals (20<span class=\"_ _0\"></span>21: 0 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618ere are limited contract as<span class=\"_ _0\"></span>sets outstanding within the O\ue614set Solutions division per<span class=\"_ _2\"></span> December 31, 20<span class=\"_ _0\"></span>22 and per December<span class=\"_ _2\"></span> 31, 2021.<span class=\"_ _0\"></span> Contract li<span class=\"_ _0\"></span>abilities rela<span class=\"_ _0\"></span>ted to mul<span class=\"ws1\">-</span>tiple-element arran<span class=\"_ _0\"></span>gements within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> business amount to 56 million Euro (20<span class=\"_ _0\"></span>21: 58 million Euro<span class=\"_ _0\"></span>), within Radiology Solutions to 26 million Eur<span class=\"_ _0\"></span>o (2021: 2<span class=\"_ _2\"></span>7 million Euro), w<span class=\"_ _0\"></span>ithin Digital Print &amp; Chemicals to 16 million Eur<span class=\"_ _0\"></span>o (2021: 11 million Euro<span class=\"_ _0\"></span>) and within O\ue614set Solutions to 12 million Eur<span class=\"_ _0\"></span>o (2021: 16 million E<span class=\"_ _0\"></span>uro).8.2 Disaggregation of revenue from contracts with customers\ue618e disaggregation of rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts with customers a<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> and December 31, 20<span class=\"_ _0\"></span>21, as requir<span class=\"_ _0\"></span>ed by IFRS 15 can be presente<span class=\"_ _0\"></span>d as follows:2022MILLION EURORadiology Digital Print  O\ue615set HealthCare ITTOT<span class=\"_ _0\"></span>ALSolutions&amp; ChemicalsSolutionsGeographical regionEurope<span class=\"_ _202\"> </span>\ue619\ue61d<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61e<span class=\"_ _41\"> </span>\ue61d\ue618\ue617<span class=\"_ _12e\"> </span>\ue61a\ue61a\ue617<span class=\"_ _203\"> </span>\ue617\ue61c\ue61aNAFT<span class=\"_ _2\"></span>A<span class=\"_ _204\"> </span>\ue61d\ue61a\ue61b<span class=\"_ _ea\"> </span>\ue618\ue61c<span class=\"_ _12e\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _203\"> </span>\ue61d\ue61f\ue61c<span class=\"_ _203\"> </span>\ue616\ue61f\ue618Latin America<span class=\"_ _205\"> </span><span class=\"ws1\">\ue61d\ue61d<span class=\"_ _ea\"> </span>\ue618\ue616<span class=\"_ _12b\"> </span>\ue61b<span class=\"_ _206\"> </span>\ue618\ue616<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61c</span>Asia/Oceania/Africa<span class=\"_ _207\"> </span>\ue61f\ue61a<span class=\"_ _12e\"> </span>\ue61f\ue61a\ue61d<span class=\"_ _203\"> </span>\ue61d\ue61e\ue617<span class=\"_ _203\"> </span>\ue61f\ue617\ue61d<span class=\"_ _203\"> </span>\ue617\ue61f\ue61eT<span class=\"_ _2\"></span>otal revenue by geographical region  \ue61f\ue61e\ue61e<span class=\"_ _95\"> </span>\ue61e\ue61d\ue61f<span class=\"_ _c3\"> </span>\ue61c\ue61b\ue61f<span class=\"_ _95\"> </span>\ue61b\ue61b\ue61a<span class=\"_ _208\"> </span>\ue619,\ue618\ue617\ue61b(destination perspective)Revenue by natureRevenue from the sale of goods<span class=\"_ _209\"> </span>\ue619\ue618<span class=\"_ _12e\"> </span>\ue61a\ue617\ue616<span class=\"_ _203\"> </span>\ue61a\ue61a\ue61e<span class=\"_ _203\"> </span>\ue619\ue61a\ue61b<span class=\"_ _c2\"> </span>\ue61d,\ue618\ue61e\ue61cRevenue from the sale of services<span class=\"_ _20a\"> </span>\ue61d\ue617\ue61b<span class=\"_ _206\"> </span>\ue61b\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61f<span class=\"_ _ea\"> </span>\ue616\ue61e<span class=\"_ _203\"> </span>\ue61a\ue616\ue61bTiming of recognitionRevenue recognized at a point in time<span class=\"_ _20b\"> </span>\ue619\ue618<span class=\"_ _12e\"> </span>\ue61a\ue617\ue616<span class=\"_ _203\"> </span>\ue61a\ue61a\ue61d<span class=\"_ _203\"> </span>\ue619\ue61a\ue61b<span class=\"_ _c2\"> </span>\ue61d,\ue618\ue61e\ue61bRevenue recognized over time<span class=\"_ _1b7\"> </span>\ue61d\ue617\ue61b<span class=\"_ _206\"> </span>\ue61b\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61f<span class=\"_ _206\"> </span>\ue616\ue61e<span class=\"_ _203\"> </span>\ue61a\ue616\ue61b\ue61f\ue61e\ue61f\ue61dRadiology Digital Print  O\ue615set MILLION EURO<span class=\"_ _14d\"> </span>HealthCare ITTOT<span class=\"_ _0\"></span>ALSolutions&amp; ChemicalsSolutionsGeographical regionEurope<span class=\"_ _202\"> </span>\ue619\ue61e<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61e<span class=\"_ _203\"> </span>\ue61d\ue616\ue618<span class=\"_ _203\"> </span>\ue61a\ue61d\ue61c<span class=\"_ _203\"> </span>\ue617\ue618\ue616NAFT<span class=\"_ _2\"></span>A<span class=\"_ _204\"> </span>\ue61d\ue61d\ue61b<span class=\"_ _206\"> </span>\ue618\ue618<span class=\"_ _ea\"> </span>\ue619\ue61f<span class=\"_ _203\"> </span>\ue61d\ue61e\ue61a<span class=\"_ _203\"> </span>\ue61a\ue618\ue61eLatin America<span class=\"_ _20c\"> </span><span class=\"ws1\">\ue61b<span class=\"_ _206\"> </span>\ue616\ue617<span class=\"_ _12b\"> </span>\ue61c<span class=\"_ _ea\"> </span>\ue616\ue616<span class=\"_ _12e\"> </span>\ue61d\ue61e\ue619</span>Asia/Oceania/Africa<span class=\"_ _207\"> </span>\ue61f\ue61d<span class=\"_ _12e\"> </span>\ue61f\ue616\ue61f<span class=\"_ _203\"> </span>\ue61d\ue61e\ue616<span class=\"_ _203\"> </span>\ue61f\ue61c\ue61a<span class=\"_ _203\"> </span>\ue617\ue618\ue61eT<span class=\"_ _2\"></span>otal revenue by geographical region  \ue61f\ue619\ue61a<span class=\"_ _95\"> </span>\ue61e\ue61d\ue61e<span class=\"_ _c3\"> </span>\ue61c\ue61c\ue616<span class=\"_ _95\"> </span>\ue61b\ue61e\ue618<span class=\"_ _208\"> </span>\ue619,\ue61b\ue61d\ue616(destination perspective)Revenue by natureRevenue from the sale of goods<span class=\"_ _209\"> </span>\ue617\ue61f<span class=\"_ _12e\"> </span>\ue61a\ue619\ue61e<span class=\"_ _203\"> </span>\ue61a\ue61e\ue61d<span class=\"_ _203\"> </span>\ue619\ue61e\ue616<span class=\"_ _c2\"> </span>\ue61d,\ue616\ue61a\ue61cRevenue from the sale of services<span class=\"_ _20a\"> </span>\ue61d\ue618\ue619<span class=\"_ _206\"> </span>\ue61b\ue61a<span class=\"_ _ea\"> </span>\ue61f\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61a<span class=\"_ _203\"> </span>\ue61a\ue61f\ue61fTiming of recognitionRevenue recognized at a point in time<span class=\"_ _20b\"> </span>\ue617\ue61f<span class=\"_ _12e\"> </span>\ue61a\ue619\ue61f<span class=\"_ _203\"> </span>\ue61a\ue61e\ue61f<span class=\"_ _203\"> </span>\ue619\ue61e\ue619<span class=\"_ _c2\"> </span>\ue61d,\ue616\ue616\ue61aRevenue recognized over time<span class=\"_ _1b7\"> </span>\ue61d\ue618\ue619<span class=\"_ _206\"> </span>\ue61b\ue61f<span class=\"_ _ea\"> </span>\ue61f\ue619<span class=\"_ _206\"> </span>\ue616\ue61d<span class=\"_ _203\"> </span>\ue61a\ue61d\ue619T<span class=\"_ _2\"></span>ransaction prices allocate<span class=\"_ _0\"></span>d to unsatis\ue615ed performance obligations ar<span class=\"_ _0\"></span>e not disclosed as the contra<span class=\"_ _0\"></span>cts have in g<span class=\"_ _0\"></span>eneral orig<span class=\"ws1\">-</span>inal expected dur<span class=\"_ _2\"></span>ations of one year or<span class=\"_ _2\"></span> less.8.3 Contract balances\ue618e Group has recogniz<span class=\"_ _0\"></span>ed follow<span class=\"_ _0\"></span>ing revenue-r<span class=\"_ _0\"></span>elated r<span class=\"_ _0\"></span>eceivables,<span class=\"_ _2\"></span> contract assets and contra<span class=\"_ _0\"></span>ct liabilities:MILLION EURO<span class=\"_ _17b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>T<span class=\"_ _2\"></span>rade receivables<span class=\"_ _10b\"> </span>319<span class=\"_ _13c\"> </span>300Contract assets\ue614Assets recognized for costs to ful\ue614ll contracts<span class=\"_ _18b\"> </span>\ue61d\ue617<span class=\"_ _14b\"> </span>\ue61f\ue618Goods/services transferred before payment is due<span class=\"_ _20d\"> </span>\ue617\ue61e<span class=\"_ _14b\"> </span>\ue619\ue61eContract liabilitiesDeferred revenue<span class=\"_ _20e\"> </span>\ue61c\ue616<span class=\"_ _14b\"> </span>\ue61c\ue61dAdvance payments received from customers<span class=\"_ _1b2\"> </span>\ue61d\ue61b<span class=\"_ _14b\"> </span>\ue61d\ue61cExpected volume discounts - rebates<span class=\"_ _15b\"> </span>\ue61b<span class=\"_ _14b\"> </span>\ue61d\ue61dAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, contr<span class=\"_ _0\"></span>act assets amounted to 94 million E<span class=\"_ _0\"></span>uro (2021 : 7<span class=\"_ _0\"></span>6 million Euro<span class=\"_ _0\"></span>). Contr<span class=\"_ _0\"></span>act assets primarily r<span class=\"_ _0\"></span>elate to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s rights to consideration f<span class=\"_ _0\"></span>or w<span class=\"_ _0\"></span>ork performed tha<span class=\"_ _0\"></span>t is not yet billed.<span class=\"_ _0\"></span> Contra<span class=\"_ _0\"></span>ct assets are tr<span class=\"_ _0\"></span>ansferred to receiv<span class=\"_ _2\"></span>ables when the right to pa<span class=\"_ _0\"></span>yment becomes unconditional. <span class=\"_ _0\"></span>Assets recognize<span class=\"_ _0\"></span>d for costs to f<span class=\"_ _0\"></span>ul\ue615ll contracts comprise all costs th<span class=\"_ _0\"></span>at are directly re<span class=\"_ _0\"></span>lated to a contr<span class=\"_ _0\"></span>act such as direct la<span class=\"_ _0\"></span>bor<span class=\"_ _2\"></span>, direct materials (WIP b<span class=\"_ _0\"></span>alances) and costs that ar<span class=\"_ _0\"></span>e explicitly charg<span class=\"_ _0\"></span>eable to a customer under<span class=\"_ _2\"></span> a contract. <span class=\"_ _2\"></span>\ue618e Group does not capitalize costs to obtain a contra<span class=\"_ _0\"></span>ct because the amortization period of this asset is less than one y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, contr<span class=\"_ _0\"></span>act liabilities amounted to 1<span class=\"_ _0\"></span>09 million Euro (20<span class=\"_ _0\"></span>21 : 112 million Euro<span class=\"_ _0\"></span>) and comprise \u2018Deferr<span class=\"_ _0\"></span>ed reve<span class=\"ls1 ws1\">-</span>nue and adv<span class=\"_ _0\"></span>ance payments r<span class=\"_ _0\"></span>eceived from cus<span class=\"_ _0\"></span>tomers\u2019<span class=\"_ _0\"></span> and accruals for<span class=\"_ _2\"></span> bonuses and rebates to goods and service purch<span class=\"_ _0\"></span>ased by customers during 20<span class=\"_ _0\"></span>22.Deferred r<span class=\"_ _0\"></span>evenue comprises amounts inv<span class=\"_ _0\"></span>oiced in accord<span class=\"_ _0\"></span>ance with contr<span class=\"_ _0\"></span>actually agreed terms but une<span class=\"_ _2\"></span>arned, where<span class=\"_ _0\"></span>as advance payments r<span class=\"_ _0\"></span>e\ue617ect the amounts paid by<span class=\"_ _0\"></span> customers who hav<span class=\"_ _0\"></span>e not yet r<span class=\"_ _0\"></span>eceived an in<span class=\"_ _0\"></span>voice and to whom the Comp<span class=\"_ _0\"></span>any still h<span class=\"_ _0\"></span>as to ful\ue615ll its commitment, i.<span class=\"_ _2\"></span>e. deliv<span class=\"_ _0\"></span>ery of goods and/<span class=\"_ _2\"></span>or services.<span class=\"_ _0\"></span> Deferred rev<span class=\"_ _0\"></span>enue primarily results fr<span class=\"_ _0\"></span>om milestone billing in arrang<span class=\"_ _0\"></span>ements combining multiple deliver<span class=\"_ _2\"></span>ables such as softwar<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> hardw<span class=\"_ _2\"></span>are,<span class=\"_ _0\"></span> services, (multiple-element arr<span class=\"_ _0\"></span>angements<span class=\"_ _0\"></span>) and from the adv<span class=\"_ _2\"></span>ance billing of ser<span class=\"_ _22\"></span>vice and maintenance contr<span class=\"_ _0\"></span>acts.8.4 Evolution of contract balances\ue618e followin<span class=\"_ _0\"></span>g table shows how<span class=\"_ _0\"></span> much of the revenue recogniz<span class=\"_ _0\"></span>ed in the current period re<span class=\"_ _0\"></span>lates to the carry forwar<span class=\"_ _0\"></span>d of con<span class=\"ws1\">-</span>tract b<span class=\"_ _0\"></span>alances and how much r<span class=\"_ _0\"></span>elates to performance oblig<span class=\"_ _0\"></span>ations that wer<span class=\"_ _0\"></span>e satis\ue615ed in a prior<span class=\"_ _0\"></span> period:MILLION EURO\ue610<span class=\"_ _1eb\"> </span>Contract assets<span class=\"_ _9d\"> </span>C<span class=\"_ _2\"></span>ontract liabilitiesOpening balance of contract balances<span class=\"_ _20f\"> </span>76<span class=\"_ _13c\"> </span>112Revenue recognized that was included in the contract liability  -(\ue61d\ue61d\ue61f)at the beginning of the periodRevenue recognized from performance obligations satis\ue614ed  -<span class=\"_ _131\"> </span>-in previous periodsAdvance billings to customers during the year\ue610-\ue61d\ue61a\ue618Advance payments received from customers during the year-\ue61f\ue619Revenue recognized during the period<span class=\"_ _210\"> </span>-<span class=\"_ _12b\"> </span>(\ue617\ue61e)Contract assets recognized during the period<span class=\"_ _200\"> </span>\ue61d\ue619\ue618-T<span class=\"_ _2\"></span>ransfer from contract assets to receivables<span class=\"_ _142\"> </span>(\ue61d\ue61d\ue61f)-Impairment of contract assets<span class=\"_ _16\"> </span>--Contract assets (work in progress) released in C<span class=\"_ _2\"></span>ogs during the period<span class=\"_ _211\"> </span>(\ue616\ue61b)<span class=\"_ _136\"> </span>-Change in volume discounts/rebates<span class=\"_ _1a0\"> </span>-<span class=\"_ _13f\"> </span>\ue61fAcquisitions and disposals of business<span class=\"_ _164\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616Exchange di\ue615erences<span class=\"_ _130\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue61dClosing balance of contract balances<span class=\"_ _e2\"> </span>94<span class=\"_ _13c\"> </span>109",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__19": {
   "value": "8.2 Disaggregation of revenue from contracts with customers\ue618e disaggregation of rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts with customers a<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> and December 31, 20<span class=\"_ _0\"></span>21, as requir<span class=\"_ _0\"></span>ed by IFRS 15 can be presente<span class=\"_ _0\"></span>d as follows:2022MILLION EURORadiology Digital Print  O\ue615set HealthCare ITTOT<span class=\"_ _0\"></span>ALSolutions&amp; ChemicalsSolutionsGeographical regionEurope<span class=\"_ _202\"> </span>\ue619\ue61d<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61e<span class=\"_ _41\"> </span>\ue61d\ue618\ue617<span class=\"_ _12e\"> </span>\ue61a\ue61a\ue617<span class=\"_ _203\"> </span>\ue617\ue61c\ue61aNAFT<span class=\"_ _2\"></span>A<span class=\"_ _204\"> </span>\ue61d\ue61a\ue61b<span class=\"_ _ea\"> </span>\ue618\ue61c<span class=\"_ _12e\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _203\"> </span>\ue61d\ue61f\ue61c<span class=\"_ _203\"> </span>\ue616\ue61f\ue618Latin America<span class=\"_ _205\"> </span><span class=\"ws1\">\ue61d\ue61d<span class=\"_ _ea\"> </span>\ue618\ue616<span class=\"_ _12b\"> </span>\ue61b<span class=\"_ _206\"> </span>\ue618\ue616<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61c</span>Asia/Oceania/Africa<span class=\"_ _207\"> </span>\ue61f\ue61a<span class=\"_ _12e\"> </span>\ue61f\ue61a\ue61d<span class=\"_ _203\"> </span>\ue61d\ue61e\ue617<span class=\"_ _203\"> </span>\ue61f\ue617\ue61d<span class=\"_ _203\"> </span>\ue617\ue61f\ue61eT<span class=\"_ _2\"></span>otal revenue by geographical region  \ue61f\ue61e\ue61e<span class=\"_ _95\"> </span>\ue61e\ue61d\ue61f<span class=\"_ _c3\"> </span>\ue61c\ue61b\ue61f<span class=\"_ _95\"> </span>\ue61b\ue61b\ue61a<span class=\"_ _208\"> </span>\ue619,\ue618\ue617\ue61b(destination perspective)Revenue by natureRevenue from the sale of goods<span class=\"_ _209\"> </span>\ue619\ue618<span class=\"_ _12e\"> </span>\ue61a\ue617\ue616<span class=\"_ _203\"> </span>\ue61a\ue61a\ue61e<span class=\"_ _203\"> </span>\ue619\ue61a\ue61b<span class=\"_ _c2\"> </span>\ue61d,\ue618\ue61e\ue61cRevenue from the sale of services<span class=\"_ _20a\"> </span>\ue61d\ue617\ue61b<span class=\"_ _206\"> </span>\ue61b\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61f<span class=\"_ _ea\"> </span>\ue616\ue61e<span class=\"_ _203\"> </span>\ue61a\ue616\ue61bTiming of recognitionRevenue recognized at a point in time<span class=\"_ _20b\"> </span>\ue619\ue618<span class=\"_ _12e\"> </span>\ue61a\ue617\ue616<span class=\"_ _203\"> </span>\ue61a\ue61a\ue61d<span class=\"_ _203\"> </span>\ue619\ue61a\ue61b<span class=\"_ _c2\"> </span>\ue61d,\ue618\ue61e\ue61bRevenue recognized over time<span class=\"_ _1b7\"> </span>\ue61d\ue617\ue61b<span class=\"_ _206\"> </span>\ue61b\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61f<span class=\"_ _206\"> </span>\ue616\ue61e<span class=\"_ _203\"> </span>\ue61a\ue616\ue61b\ue61f\ue61e\ue61f\ue61dRadiology Digital Print  O\ue615set MILLION EURO<span class=\"_ _14d\"> </span>HealthCare ITTOT<span class=\"_ _0\"></span>ALSolutions&amp; ChemicalsSolutionsGeographical regionEurope<span class=\"_ _202\"> </span>\ue619\ue61e<span class=\"_ _12e\"> </span>\ue61d\ue61f\ue61e<span class=\"_ _203\"> </span>\ue61d\ue616\ue618<span class=\"_ _203\"> </span>\ue61a\ue61d\ue61c<span class=\"_ _203\"> </span>\ue617\ue618\ue616NAFT<span class=\"_ _2\"></span>A<span class=\"_ _204\"> </span>\ue61d\ue61d\ue61b<span class=\"_ _206\"> </span>\ue618\ue618<span class=\"_ _ea\"> </span>\ue619\ue61f<span class=\"_ _203\"> </span>\ue61d\ue61e\ue61a<span class=\"_ _203\"> </span>\ue61a\ue618\ue61eLatin America<span class=\"_ _20c\"> </span><span class=\"ws1\">\ue61b<span class=\"_ _206\"> </span>\ue616\ue617<span class=\"_ _12b\"> </span>\ue61c<span class=\"_ _ea\"> </span>\ue616\ue616<span class=\"_ _12e\"> </span>\ue61d\ue61e\ue619</span>Asia/Oceania/Africa<span class=\"_ _207\"> </span>\ue61f\ue61d<span class=\"_ _12e\"> </span>\ue61f\ue616\ue61f<span class=\"_ _203\"> </span>\ue61d\ue61e\ue616<span class=\"_ _203\"> </span>\ue61f\ue61c\ue61a<span class=\"_ _203\"> </span>\ue617\ue618\ue61eT<span class=\"_ _2\"></span>otal revenue by geographical region  \ue61f\ue619\ue61a<span class=\"_ _95\"> </span>\ue61e\ue61d\ue61e<span class=\"_ _c3\"> </span>\ue61c\ue61c\ue616<span class=\"_ _95\"> </span>\ue61b\ue61e\ue618<span class=\"_ _208\"> </span>\ue619,\ue61b\ue61d\ue616(destination perspective)Revenue by natureRevenue from the sale of goods<span class=\"_ _209\"> </span>\ue617\ue61f<span class=\"_ _12e\"> </span>\ue61a\ue619\ue61e<span class=\"_ _203\"> </span>\ue61a\ue61e\ue61d<span class=\"_ _203\"> </span>\ue619\ue61e\ue616<span class=\"_ _c2\"> </span>\ue61d,\ue616\ue61a\ue61cRevenue from the sale of services<span class=\"_ _20a\"> </span>\ue61d\ue618\ue619<span class=\"_ _206\"> </span>\ue61b\ue61a<span class=\"_ _ea\"> </span>\ue61f\ue61c<span class=\"_ _ea\"> </span>\ue616\ue61a<span class=\"_ _203\"> </span>\ue61a\ue61f\ue61fTiming of recognitionRevenue recognized at a point in time<span class=\"_ _20b\"> </span>\ue617\ue61f<span class=\"_ _12e\"> </span>\ue61a\ue619\ue61f<span class=\"_ _203\"> </span>\ue61a\ue61e\ue61f<span class=\"_ _203\"> </span>\ue619\ue61e\ue619<span class=\"_ _c2\"> </span>\ue61d,\ue616\ue616\ue61aRevenue recognized over time<span class=\"_ _1b7\"> </span>\ue61d\ue618\ue619<span class=\"_ _206\"> </span>\ue61b\ue61f<span class=\"_ _ea\"> </span>\ue61f\ue619<span class=\"_ _206\"> </span>\ue616\ue61d<span class=\"_ _203\"> </span>\ue61a\ue61d\ue619T<span class=\"_ _2\"></span>ransaction prices allocate<span class=\"_ _0\"></span>d to unsatis\ue615ed performance obligations ar<span class=\"_ _0\"></span>e not disclosed as the contra<span class=\"_ _0\"></span>cts have in g<span class=\"_ _0\"></span>eneral orig<span class=\"ws1\">-</span>inal expected dur<span class=\"_ _2\"></span>ations of one year or<span class=\"_ _2\"></span> less.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__20": {
   "value": " OTHER OPERA<span class=\"_ _2\"></span>TING INCOME<span class=\"_ _0\"></span> AND EXPENSES9.<span class=\"_ _2\"></span>1 Other op<span class=\"_ _22\"></span>erating incomeMILLION EURO<span class=\"_ _5b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _156\"> </span><span class=\"ffc\">2022</span>Exchange gains and changes in fair value of derivatives<span class=\"_ _1b4\"> </span>\ue617<span class=\"_ _212\"> </span>\ue618Finance lease income<span class=\"_ _6a\"> </span>\ue617<span class=\"_ _212\"> </span>\ue619Gains on the sale of property<span class=\"_ _2\"></span>, plant &amp; equipment<span class=\"_ _213\"> </span>\ue61c<span class=\"_ _212\"> </span>\ue61dIncome from reversal of unutilized provisions<span class=\"_ _214\"> </span>\ue61d<span class=\"_ _212\"> </span>\ue616Past service credits related to pension plans in F<span class=\"_ _2\"></span>rance<span class=\"_ _16c\"> </span>\ue61d<span class=\"_ _e0\"> </span>-Gains on freeze and settlement of de\ue614ned bene\ue614t plan in Sweden<span class=\"_ _215\"> </span>\ue618<span class=\"_ _e0\"> </span>-Other income<span class=\"_ _70\"> </span>\ue61d\ue616<span class=\"_ _b2\"> </span>\ue61d\ue61eTOT<span class=\"_ _0\"></span>AL\ue614<span class=\"_ _216\"> </span><span class=\"ls1 ws1\">41<span class=\"_ _b2\"> </span>27</span>Finance lease income mainly<span class=\"_ _0\"></span> comprises interest income<span class=\"_ _0\"></span>.For<span class=\"_ _2\"></span> 2021, gains on the sale of propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment re<span class=\"_ _0\"></span>late for<span class=\"_ _0\"></span> 7 million Euro to the sale of our<span class=\"_ _0\"></span> former pr<span class=\"_ _0\"></span>oduction site in Leeds (UK), prev<span class=\"_ _0\"></span>iously classi\ue615ed as held-f<span class=\"_ _0\"></span>or-sale (<span class=\"_ _0\"></span>see Note 35).  In 2022,<span class=\"_ _2\"></span> 3 million Euro income from reversal of r<span class=\"_ _0\"></span>estructuring pro<span class=\"_ _0\"></span>visions has been recogniz<span class=\"_ _0\"></span>ed due to an update of the pro<span class=\"ws1\">-</span>vision for<span class=\"_ _0\"></span> the reorganization of the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s IT-department and the p<span class=\"_ _0\"></span>artnership with <span class=\"_ _0\"></span>Atos.\ue618e past service cre<span class=\"_ _0\"></span>dits shown in 20<span class=\"_ _0\"></span>21 are the result of r<span class=\"_ _0\"></span>estructuring ex<span class=\"_ _0\"></span>ercises in France durin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. In Sweden,<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y has transf<span class=\"_ _0\"></span>erred out its pension liabilities in the course of Q1 20<span class=\"_ _2\"></span>21 to an insurance company<span class=\"_ _0\"></span> result<span class=\"ws1\">-</span>ing in a one-time cash-out of 16 million Euro and a one-time g<span class=\"_ _0\"></span>ain of 5 million Euro<span class=\"_ _0\"></span>.9.2 Other operating expensesMILLION EURO<span class=\"_ _17b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _c6\"> </span><span class=\"ffc\">2022</span>Restructuring expenses<span class=\"_ _175\"> </span>\ue61f\ue61e<span class=\"_ _12c\"> </span>\ue61a\ue618Impairment losses on goodwill<span class=\"_ _78\"> </span>-<span class=\"_ _217\"> </span>\ue619\ue61eImpairment losses on intangible assets<span class=\"_ _164\"> </span>-<span class=\"_ _131\"> </span>\ue61aImpairment losses on PP&amp;E<span class=\"_ _1a\"> </span>-<span class=\"_ _217\"> </span>\ue61f\ue617Impairment losses on right-of-use assets<span class=\"_ _218\"> </span>\ue61d<span class=\"_ _217\"> </span>\ue61d\ue618Exchange losses and changes in fair value of derivatives<span class=\"_ _1b3\"> </span>\ue61d\ue61e<span class=\"_ _f8\"> </span>\ue61d\ue61aPast service cost 'Jubilee' plan Belgium<span class=\"_ _20f\"> </span>\ue61f<span class=\"_ _212\"> </span>-Housing expenses related to empty space\ue610<span class=\"_ _18d\"> </span>\ue61a<span class=\"_ _131\"> </span>\ue616Other expenses<span class=\"_ _219\"> </span>\ue61d\ue61d<span class=\"_ _217\"> </span>\ue61d\ue617TOT<span class=\"_ _0\"></span>AL<span class=\"_ _21a\"> </span><span class=\"ls1 ws1\">47<span class=\"_ _1a2\"> </span>182</span>As a result of the impairment test on g<span class=\"_ _0\"></span>oodwill attributable to the cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit Radiology Solutions, an impairment loss amounting to 73 million Eur<span class=\"_ _0\"></span>o has been recogniz<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e full carrying amount of goodwill (70 million Eur<span class=\"_ _0\"></span>o) and intan<span class=\"ws1\">-</span>gible assets (3 million Euro) has been imp<span class=\"_ _0\"></span>aired. Mor<span class=\"_ _0\"></span>e information on the ma<span class=\"_ _0\"></span>jor assumptions use<span class=\"_ _0\"></span>d for this imp<span class=\"_ _0\"></span>airment test is prov<span class=\"_ _0\"></span>ided in Note 2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.For<span class=\"_ _2\"></span> the cash-generating unit O\ue614set Solutions,<span class=\"_ _0\"></span> property<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment and right-of-use assets that could be attribut<span class=\"ws1\">-</span>ed to the entities that are de<span class=\"_ _0\"></span>dicated to the O\ue614set Solutions activity<span class=\"_ _0\"></span> and are therefor<span class=\"_ _0\"></span>e subject to the planned disposal,<span class=\"_ _0\"></span> have been fully impair<span class=\"_ _0\"></span>ed. A<span class=\"_ _0\"></span> resulting los<span class=\"_ _0\"></span>s on impairment amounting to 41 million Eur<span class=\"_ _0\"></span>o has been recognized,<span class=\"_ _2\"></span> 26 million Euro re<span class=\"ws1\">-</span>lated to propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment and 15 million E<span class=\"_ _0\"></span>uro to right-of-use assets.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e expected sale of the O\ue614set Solutions business has been the indication for<span class=\"_ _2\"></span> impairment as the expected consideration r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>ble is much lower<span class=\"_ _0\"></span> than the carrying amount of the net assets attributable to the disposal group<span class=\"_ _2\"></span>, even after imp<span class=\"_ _0\"></span>airment of all non-current assets in scope of IAS36. Mor<span class=\"_ _0\"></span>e information on the impairment of assets a<span class=\"_ _0\"></span>ttributable to O\ue614set Solutions and how it \ue615ts in the total e<span class=\"_ _0\"></span>xpected loss of the sale transaction is describe<span class=\"_ _0\"></span>d under section 4 <span class=\"_ _0\"></span>\u2018Use of estimates and judgments<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> 2021, the impairment los<span class=\"_ _0\"></span>s on right-of-use assets amounting to 1 million Eur<span class=\"_ _0\"></span>o related to the termin<span class=\"_ _0\"></span>ation of a rental contract on a f<span class=\"_ _0\"></span>ormer production site in the US<span class=\"_ _0\"></span>.In 2022,<span class=\"_ _2\"></span> restructuring plans hav<span class=\"_ _0\"></span>e resulted in an expense of 35 million E<span class=\"_ _0\"></span>uro.<span class=\"_ _2\"></span> \ue618is amount partly r<span class=\"_ _0\"></span>esulted from the v<span class=\"_ _2\"></span>ar<span class=\"ws1\">-</span>ious transform<span class=\"_ _0\"></span>ation actions mainly w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s internal \ue615nancial services impacting a number<span class=\"_ _2\"></span> of posi<span class=\"ws1\">-</span>tions, mainly in E<span class=\"_ _0\"></span>urope (5 million Euro<span class=\"_ _0\"></span>). Mor<span class=\"_ _0\"></span>eover<span class=\"_ _2\"></span>, sever<span class=\"_ _2\"></span>al activities felt the we<span class=\"_ _0\"></span>akening economic en<span class=\"_ _0\"></span>vironment,<span class=\"_ _0\"></span> mainly in Europe and China.<span class=\"_ _2\"></span> On top of<span class=\"_ _22\"></span> the transform<span class=\"_ _0\"></span>ation actions regar<span class=\"_ _0\"></span>ding the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s IT<span class=\"_ _0\"></span> and \ue615nancial services, the economic situation thus requir<span class=\"_ _0\"></span>ed further me<span class=\"_ _2\"></span>asures for the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s activities in Ra<span class=\"_ _0\"></span>diology Solutions and Digital Print &amp; Chemicals to adapt the cost structur<span class=\"_ _0\"></span>e of the Group.<span class=\"_ _2\"></span> In Germany<span class=\"_ _2\"></span>, the production and assembly<span class=\"_ _0\"></span> of some equipment and equipment parts for C<span class=\"_ _0\"></span>omputed Radiograph<span class=\"_ _2\"></span>y has been stopped in 2022.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> Direct Radiograph<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, some actions w<span class=\"_ _0\"></span>ere taken to simplify the op<span class=\"ws1\">-</span>eration<span class=\"_ _0\"></span>al business model. <span class=\"_ _2\"></span>\ue618e aggregate amount of restructuring e<span class=\"_ _0\"></span>xpenses recognized in 2<span class=\"_ _0\"></span>022 w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the measures taken for<span class=\"_ _2\"></span> Radiology amounted to 12 million Euro.<span class=\"_ _0\"></span> Measur<span class=\"_ _0\"></span>es taken w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the Digital Print &amp; Chemicals business have r<span class=\"_ _0\"></span>esulted in a restr<span class=\"_ _0\"></span>ucturing expense of 2 million Eur<span class=\"_ _0\"></span>o.Other r<span class=\"_ _0\"></span>estructuring expenses r<span class=\"_ _0\"></span>ecognized in the course of 20<span class=\"_ _0\"></span>22 relate<span class=\"_ _0\"></span>d to individual e\ue616ciency<span class=\"_ _0\"></span>/<span class=\"_ _2\"></span>savings initiatives (5 million Euro<span class=\"_ _0\"></span>) and a voluntary lea<span class=\"_ _0\"></span>ve plan in Belgium for<span class=\"_ _2\"></span> people aged above 60 w<span class=\"_ _0\"></span>ith a minimum seniority of 15 y<span class=\"_ _0\"></span>ears: accor<span class=\"_ _0\"></span>ding to this plan, emplo<span class=\"_ _0\"></span>yees could enter durin<span class=\"_ _0\"></span>g a \ue615x period starting in 20<span class=\"_ _0\"></span>23 into a time credit for<span class=\"_ _2\"></span> 50%, are ex<span class=\"_ _0\"></span>empted from daily performance for<span class=\"_ _0\"></span> the part of their <span class=\"_ _0\"></span>working time that they<span class=\"_ _0\"></span> still work f<span class=\"_ _0\"></span>or the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>, until their<span class=\"_ _2\"></span> legal retirement or e<span class=\"_ _2\"></span>arly retirement (<span class=\"_ _0\"></span>the impact at y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-end 2022 is es<span class=\"_ _0\"></span>timated at 5 million Eur<span class=\"_ _0\"></span>o).In 2021,<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y has recogniz<span class=\"_ _0\"></span>ed 20 million Euro r<span class=\"_ _0\"></span>estructuring expenses,<span class=\"_ _2\"></span> mainly comprising transformation cos<span class=\"_ _0\"></span>ts for the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s IT services link<span class=\"_ _0\"></span>ed to a decre<span class=\"_ _0\"></span>ase of a number of IT<span class=\"_ _2\"></span>-functions within the Group and a collabor<span class=\"_ _2\"></span>ation with an external partner<span class=\"_ _2\"></span> Atos, a glob<span class=\"_ _0\"></span>al leader<span class=\"_ _0\"></span> in digital transform<span class=\"_ _0\"></span>ation (14 million Euro<span class=\"_ _0\"></span>). Addition<span class=\"_ _0\"></span>ally some restructuring cos<span class=\"_ _0\"></span>ts have been r<span class=\"_ _0\"></span>ecognized for<span class=\"_ _2\"></span> the closure of some entities: Ipagsa, a printing plate s<span class=\"_ _0\"></span>upplier oper<span class=\"_ _0\"></span>ating in the low<span class=\"_ _0\"></span> cost business (4 million Euro<span class=\"_ _0\"></span>), the closed production sites in Leeds and P<span class=\"_ _2\"></span>ont-\u00e0-Marcq (3 million Euro),<span class=\"_ _0\"></span> o\ue614set by a positive imp<span class=\"_ _0\"></span>act of 10 million Euro due to the r<span class=\"_ _0\"></span>eassessment of the reor<span class=\"_ _0\"></span>ganization costs for<span class=\"_ _0\"></span> the factories in P<span class=\"_ _2\"></span>eisenberg and Peiting (Germ<span class=\"_ _0\"></span>any).<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e remainder<span class=\"_ _0\"></span> of the restructuring e<span class=\"_ _0\"></span>xpenses relate<span class=\"_ _0\"></span>d to costs for lon<span class=\"_ _0\"></span>g-term termination bene\ue615ts resulting fr<span class=\"_ _0\"></span>om new collective labor<span class=\"_ _0\"></span> agreements (2 million Euro<span class=\"_ _0\"></span>).\u2018Jubilee\u2019<span class=\"_ _0\"></span> bene\ue615ts in Belgium relate to tr<span class=\"_ _2\"></span>avel vouchers gr<span class=\"_ _2\"></span>anted on 25-, 35-,<span class=\"_ _0\"></span> and 40-year<span class=\"_ _2\"></span> ser<span class=\"_ _22\"></span>vice anniversaries.<span class=\"_ _0\"></span> As per<span class=\"_ _0\"></span> December 31, 20<span class=\"_ _0\"></span>21, they ha<span class=\"_ _0\"></span>ve been v<span class=\"_ _2\"></span>alued for the \ue615rst time<span class=\"_ _0\"></span>, r<span class=\"_ _0\"></span>esulting in the recognition of a past service cos<span class=\"_ _0\"></span>t amounting to 2 million Euro<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__21": {
   "value": "9.<span class=\"_ _2\"></span>1 Other op<span class=\"_ _22\"></span>erating incomeMILLION EURO<span class=\"_ _5b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _156\"> </span><span class=\"ffc\">2022</span>Exchange gains and changes in fair value of derivatives<span class=\"_ _1b4\"> </span>\ue617<span class=\"_ _212\"> </span>\ue618Finance lease income<span class=\"_ _6a\"> </span>\ue617<span class=\"_ _212\"> </span>\ue619Gains on the sale of property<span class=\"_ _2\"></span>, plant &amp; equipment<span class=\"_ _213\"> </span>\ue61c<span class=\"_ _212\"> </span>\ue61dIncome from reversal of unutilized provisions<span class=\"_ _214\"> </span>\ue61d<span class=\"_ _212\"> </span>\ue616Past service credits related to pension plans in F<span class=\"_ _2\"></span>rance<span class=\"_ _16c\"> </span>\ue61d<span class=\"_ _e0\"> </span>-Gains on freeze and settlement of de\ue614ned bene\ue614t plan in Sweden<span class=\"_ _215\"> </span>\ue618<span class=\"_ _e0\"> </span>-Other income<span class=\"_ _70\"> </span>\ue61d\ue616<span class=\"_ _b2\"> </span>\ue61d\ue61eTOT<span class=\"_ _0\"></span>AL\ue614<span class=\"_ _216\"> </span><span class=\"ls1 ws1\">41<span class=\"_ _b2\"> </span>27</span>Finance lease income mainly<span class=\"_ _0\"></span> comprises interest income<span class=\"_ _0\"></span>.For<span class=\"_ _2\"></span> 2021, gains on the sale of propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment re<span class=\"_ _0\"></span>late for<span class=\"_ _0\"></span> 7 million Euro to the sale of our<span class=\"_ _0\"></span> former pr<span class=\"_ _0\"></span>oduction site in Leeds (UK), prev<span class=\"_ _0\"></span>iously classi\ue615ed as held-f<span class=\"_ _0\"></span>or-sale (<span class=\"_ _0\"></span>see Note 35).  In 2022,<span class=\"_ _2\"></span> 3 million Euro income from reversal of r<span class=\"_ _0\"></span>estructuring pro<span class=\"_ _0\"></span>visions has been recogniz<span class=\"_ _0\"></span>ed due to an update of the pro<span class=\"ws1\">-</span>vision for<span class=\"_ _0\"></span> the reorganization of the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s IT-department and the p<span class=\"_ _0\"></span>artnership with <span class=\"_ _0\"></span>Atos.\ue618e past service cre<span class=\"_ _0\"></span>dits shown in 20<span class=\"_ _0\"></span>21 are the result of r<span class=\"_ _0\"></span>estructuring ex<span class=\"_ _0\"></span>ercises in France durin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. In Sweden,<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y has transf<span class=\"_ _0\"></span>erred out its pension liabilities in the course of Q1 20<span class=\"_ _2\"></span>21 to an insurance company<span class=\"_ _0\"></span> result<span class=\"ws1\">-</span>ing in a one-time cash-out of 16 million Euro and a one-time g<span class=\"_ _0\"></span>ain of 5 million Euro<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__22": {
   "value": "9.2 Other operating expensesMILLION EURO<span class=\"_ _17b\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _c6\"> </span><span class=\"ffc\">2022</span>Restructuring expenses<span class=\"_ _175\"> </span>\ue61f\ue61e<span class=\"_ _12c\"> </span>\ue61a\ue618Impairment losses on goodwill<span class=\"_ _78\"> </span>-<span class=\"_ _217\"> </span>\ue619\ue61eImpairment losses on intangible assets<span class=\"_ _164\"> </span>-<span class=\"_ _131\"> </span>\ue61aImpairment losses on PP&amp;E<span class=\"_ _1a\"> </span>-<span class=\"_ _217\"> </span>\ue61f\ue617Impairment losses on right-of-use assets<span class=\"_ _218\"> </span>\ue61d<span class=\"_ _217\"> </span>\ue61d\ue618Exchange losses and changes in fair value of derivatives<span class=\"_ _1b3\"> </span>\ue61d\ue61e<span class=\"_ _f8\"> </span>\ue61d\ue61aPast service cost 'Jubilee' plan Belgium<span class=\"_ _20f\"> </span>\ue61f<span class=\"_ _212\"> </span>-Housing expenses related to empty space\ue610<span class=\"_ _18d\"> </span>\ue61a<span class=\"_ _131\"> </span>\ue616Other expenses<span class=\"_ _219\"> </span>\ue61d\ue61d<span class=\"_ _217\"> </span>\ue61d\ue617TOT<span class=\"_ _0\"></span>AL<span class=\"_ _21a\"> </span><span class=\"ls1 ws1\">47<span class=\"_ _1a2\"> </span>182</span>As a result of the impairment test on g<span class=\"_ _0\"></span>oodwill attributable to the cash g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit Radiology Solutions, an impairment loss amounting to 73 million Eur<span class=\"_ _0\"></span>o has been recogniz<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e full carrying amount of goodwill (70 million Eur<span class=\"_ _0\"></span>o) and intan<span class=\"ws1\">-</span>gible assets (3 million Euro) has been imp<span class=\"_ _0\"></span>aired. Mor<span class=\"_ _0\"></span>e information on the ma<span class=\"_ _0\"></span>jor assumptions use<span class=\"_ _0\"></span>d for this imp<span class=\"_ _0\"></span>airment test is prov<span class=\"_ _0\"></span>ided in Note 2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.For<span class=\"_ _2\"></span> the cash-generating unit O\ue614set Solutions,<span class=\"_ _0\"></span> property<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment and right-of-use assets that could be attribut<span class=\"ws1\">-</span>ed to the entities that are de<span class=\"_ _0\"></span>dicated to the O\ue614set Solutions activity<span class=\"_ _0\"></span> and are therefor<span class=\"_ _0\"></span>e subject to the planned disposal,<span class=\"_ _0\"></span> have been fully impair<span class=\"_ _0\"></span>ed. A<span class=\"_ _0\"></span> resulting los<span class=\"_ _0\"></span>s on impairment amounting to 41 million Eur<span class=\"_ _0\"></span>o has been recognized,<span class=\"_ _2\"></span> 26 million Euro re<span class=\"ws1\">-</span>lated to propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment and 15 million E<span class=\"_ _0\"></span>uro to right-of-use assets.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e expected sale of the O\ue614set Solutions business has been the indication for<span class=\"_ _2\"></span> impairment as the expected consideration r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>ble is much lower<span class=\"_ _0\"></span> than the carrying amount of the net assets attributable to the disposal group<span class=\"_ _2\"></span>, even after imp<span class=\"_ _0\"></span>airment of all non-current assets in scope of IAS36. Mor<span class=\"_ _0\"></span>e information on the impairment of assets a<span class=\"_ _0\"></span>ttributable to O\ue614set Solutions and how it \ue615ts in the total e<span class=\"_ _0\"></span>xpected loss of the sale transaction is describe<span class=\"_ _0\"></span>d under section 4 <span class=\"_ _0\"></span>\u2018Use of estimates and judgments<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> 2021, the impairment los<span class=\"_ _0\"></span>s on right-of-use assets amounting to 1 million Eur<span class=\"_ _0\"></span>o related to the termin<span class=\"_ _0\"></span>ation of a rental contract on a f<span class=\"_ _0\"></span>ormer production site in the US<span class=\"_ _0\"></span>.In 2022,<span class=\"_ _2\"></span> restructuring plans hav<span class=\"_ _0\"></span>e resulted in an expense of 35 million E<span class=\"_ _0\"></span>uro.<span class=\"_ _2\"></span> \ue618is amount partly r<span class=\"_ _0\"></span>esulted from the v<span class=\"_ _2\"></span>ar<span class=\"ws1\">-</span>ious transform<span class=\"_ _0\"></span>ation actions mainly w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s internal \ue615nancial services impacting a number<span class=\"_ _2\"></span> of posi<span class=\"ws1\">-</span>tions, mainly in E<span class=\"_ _0\"></span>urope (5 million Euro<span class=\"_ _0\"></span>). Mor<span class=\"_ _0\"></span>eover<span class=\"_ _2\"></span>, sever<span class=\"_ _2\"></span>al activities felt the we<span class=\"_ _0\"></span>akening economic en<span class=\"_ _0\"></span>vironment,<span class=\"_ _0\"></span> mainly in Europe and China.<span class=\"_ _2\"></span> On top of<span class=\"_ _22\"></span> the transform<span class=\"_ _0\"></span>ation actions regar<span class=\"_ _0\"></span>ding the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s IT<span class=\"_ _0\"></span> and \ue615nancial services, the economic situation thus requir<span class=\"_ _0\"></span>ed further me<span class=\"_ _2\"></span>asures for the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s activities in Ra<span class=\"_ _0\"></span>diology Solutions and Digital Print &amp; Chemicals to adapt the cost structur<span class=\"_ _0\"></span>e of the Group.<span class=\"_ _2\"></span> In Germany<span class=\"_ _2\"></span>, the production and assembly<span class=\"_ _0\"></span> of some equipment and equipment parts for C<span class=\"_ _0\"></span>omputed Radiograph<span class=\"_ _2\"></span>y has been stopped in 2022.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> Direct Radiograph<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, some actions w<span class=\"_ _0\"></span>ere taken to simplify the op<span class=\"ws1\">-</span>eration<span class=\"_ _0\"></span>al business model. <span class=\"_ _2\"></span>\ue618e aggregate amount of restructuring e<span class=\"_ _0\"></span>xpenses recognized in 2<span class=\"_ _0\"></span>022 w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the measures taken for<span class=\"_ _2\"></span> Radiology amounted to 12 million Euro.<span class=\"_ _0\"></span> Measur<span class=\"_ _0\"></span>es taken w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to the Digital Print &amp; Chemicals business have r<span class=\"_ _0\"></span>esulted in a restr<span class=\"_ _0\"></span>ucturing expense of 2 million Eur<span class=\"_ _0\"></span>o.Other r<span class=\"_ _0\"></span>estructuring expenses r<span class=\"_ _0\"></span>ecognized in the course of 20<span class=\"_ _0\"></span>22 relate<span class=\"_ _0\"></span>d to individual e\ue616ciency<span class=\"_ _0\"></span>/<span class=\"_ _2\"></span>savings initiatives (5 million Euro<span class=\"_ _0\"></span>) and a voluntary lea<span class=\"_ _0\"></span>ve plan in Belgium for<span class=\"_ _2\"></span> people aged above 60 w<span class=\"_ _0\"></span>ith a minimum seniority of 15 y<span class=\"_ _0\"></span>ears: accor<span class=\"_ _0\"></span>ding to this plan, emplo<span class=\"_ _0\"></span>yees could enter durin<span class=\"_ _0\"></span>g a \ue615x period starting in 20<span class=\"_ _0\"></span>23 into a time credit for<span class=\"_ _2\"></span> 50%, are ex<span class=\"_ _0\"></span>empted from daily performance for<span class=\"_ _0\"></span> the part of their <span class=\"_ _0\"></span>working time that they<span class=\"_ _0\"></span> still work f<span class=\"_ _0\"></span>or the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>, until their<span class=\"_ _2\"></span> legal retirement or e<span class=\"_ _2\"></span>arly retirement (<span class=\"_ _0\"></span>the impact at y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-end 2022 is es<span class=\"_ _0\"></span>timated at 5 million Eur<span class=\"_ _0\"></span>o).In 2021,<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y has recogniz<span class=\"_ _0\"></span>ed 20 million Euro r<span class=\"_ _0\"></span>estructuring expenses,<span class=\"_ _2\"></span> mainly comprising transformation cos<span class=\"_ _0\"></span>ts for the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s IT services link<span class=\"_ _0\"></span>ed to a decre<span class=\"_ _0\"></span>ase of a number of IT<span class=\"_ _2\"></span>-functions within the Group and a collabor<span class=\"_ _2\"></span>ation with an external partner<span class=\"_ _2\"></span> Atos, a glob<span class=\"_ _0\"></span>al leader<span class=\"_ _0\"></span> in digital transform<span class=\"_ _0\"></span>ation (14 million Euro<span class=\"_ _0\"></span>). Addition<span class=\"_ _0\"></span>ally some restructuring cos<span class=\"_ _0\"></span>ts have been r<span class=\"_ _0\"></span>ecognized for<span class=\"_ _2\"></span> the closure of some entities: Ipagsa, a printing plate s<span class=\"_ _0\"></span>upplier oper<span class=\"_ _0\"></span>ating in the low<span class=\"_ _0\"></span> cost business (4 million Euro<span class=\"_ _0\"></span>), the closed production sites in Leeds and P<span class=\"_ _2\"></span>ont-\u00e0-Marcq (3 million Euro),<span class=\"_ _0\"></span> o\ue614set by a positive imp<span class=\"_ _0\"></span>act of 10 million Euro due to the r<span class=\"_ _0\"></span>eassessment of the reor<span class=\"_ _0\"></span>ganization costs for<span class=\"_ _0\"></span> the factories in P<span class=\"_ _2\"></span>eisenberg and Peiting (Germ<span class=\"_ _0\"></span>any).<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e remainder<span class=\"_ _0\"></span> of the restructuring e<span class=\"_ _0\"></span>xpenses relate<span class=\"_ _0\"></span>d to costs for lon<span class=\"_ _0\"></span>g-term termination bene\ue615ts resulting fr<span class=\"_ _0\"></span>om new collective labor<span class=\"_ _0\"></span> agreements (2 million Euro<span class=\"_ _0\"></span>).\u2018Jubilee\u2019<span class=\"_ _0\"></span> bene\ue615ts in Belgium relate to tr<span class=\"_ _2\"></span>avel vouchers gr<span class=\"_ _2\"></span>anted on 25-, 35-,<span class=\"_ _0\"></span> and 40-year<span class=\"_ _2\"></span> ser<span class=\"_ _22\"></span>vice anniversaries.<span class=\"_ _0\"></span> As per<span class=\"_ _0\"></span> December 31, 20<span class=\"_ _0\"></span>21, they ha<span class=\"_ _0\"></span>ve been v<span class=\"_ _2\"></span>alued for the \ue615rst time<span class=\"_ _0\"></span>, r<span class=\"_ _0\"></span>esulting in the recognition of a past service cos<span class=\"_ _0\"></span>t amounting to 2 million Euro<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__23": {
   "value": " NET FINANCE COSTSMILLION EURO<span class=\"_ _16f\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Interest income\ue610\ue610\ue610\ue610 on bank deposits<span class=\"_ _15a\"> </span>\ue61f<span class=\"_ _13f\"> </span>\ue616TOT<span class=\"_ _2\"></span>AL INTEREST INCOME<span class=\"_ _21b\"> </span>2<span class=\"_ _b4\"> </span>4Interest expense on \ue614nancial liabilities measured at amortized cost\ue610\ue610\ue610\ue610 on bank loans<span class=\"_ _69\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)\ue610\ue610\ue610\ue610 on debentures<span class=\"_ _fe\"> </span>-<span class=\"_ _136\"> </span>-TOT<span class=\"_ _2\"></span>AL INTEREST EXPENSE<span class=\"_ _10a\"> </span>(3)<span class=\"_ _1a6\"> </span>(4)Other \ue615nance incomeExchange gains on non-operating activities net of changes in fair value of derivative \ue614nancial instruments not part \ue619<span class=\"_ _b4\"> </span>\ue618of a hedging relationshipOther<span class=\"_ _21c\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL OTHER FINANCE INCOME<span class=\"_ _1cd\"> </span>10<span class=\"_ _b4\"> </span>6Other \ue615nance expenseNet periodic pension cost treated as other \ue614nance income (expense) and interest portion on other interest- (\ue619)<span class=\"_ _d4\"> </span>(\ue61b) (\ue61d)bearing provisionsExchange losses on non-operating activities net of change in fair value of derivative \ue614nancial instruments not part (\ue61d)<span class=\"_ _d4\"> </span>(\ue61f)of a hedging relationshipInterest expense on derivatives not part of a hedging relationship\ue610<span class=\"_ _1dd\"> </span>(\ue61d)<span class=\"_ _14e\"> </span>(\ue616)Interest expense on cash \ue613ow hedges<span class=\"_ _75\"> </span>-<span class=\"_ _136\"> </span>-Interest expense on other receivables<span class=\"_ _75\"> </span>-<span class=\"_ _14e\"> </span>(\ue61d)Interest expense for leases<span class=\"_ _121\"> </span>(\ue61f)<span class=\"_ _14e\"> </span>(\ue61f)Impairment loss on marketable securities<span class=\"_ _169\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Unwinding of discount on provisions<span class=\"_ _103\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Exchange di\ue615erences on disposal of foreign operations reclassi\ue614ed to pro\ue614t or loss<span class=\"_ _21d\"> </span>-<span class=\"_ _d4\"> </span>(\ue61a)Other<span class=\"_ _e\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)TOT<span class=\"_ _2\"></span>AL OTHER FINANCE EXPENSE<span class=\"_ _21e\"> </span>(16)<span class=\"_ _156\"> </span>(26) (2)(19)NET FINANCE COSTS<span class=\"_ _144\"> </span>(8)(1) <span class=\"_ _0\"></span>\ue618e interest portion of other inter<span class=\"_ _0\"></span>est-bearing pro<span class=\"_ _0\"></span>visions primarily comprises the allocation of interest on pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _0\"></span> pre-retirement.<span class=\"_ _0\"></span>\ue69d(2) \ue618e abo<span class=\"_ _0\"></span>ve \ue615nance income and \ue615nance costs include the follo<span class=\"_ _0\"></span>wing interest income and e<span class=\"_ _0\"></span>xpense in respect of assets (liabilities) not at f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue through pro\ue615t or loss.\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest income on \ue614nancial assets<span class=\"_ _21f\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest expense on \ue614nancial liabilities\ue610<span class=\"_ _220\"> </span>(\ue618)<span class=\"_ _d4\"> </span>(\ue617)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__24": {
   "value": " NET FINANCE COSTSMILLION EURO<span class=\"_ _16f\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Interest income\ue610\ue610\ue610\ue610 on bank deposits<span class=\"_ _15a\"> </span>\ue61f<span class=\"_ _13f\"> </span>\ue616TOT<span class=\"_ _2\"></span>AL INTEREST INCOME<span class=\"_ _21b\"> </span>2<span class=\"_ _b4\"> </span>4Interest expense on \ue614nancial liabilities measured at amortized cost\ue610\ue610\ue610\ue610 on bank loans<span class=\"_ _69\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)\ue610\ue610\ue610\ue610 on debentures<span class=\"_ _fe\"> </span>-<span class=\"_ _136\"> </span>-TOT<span class=\"_ _2\"></span>AL INTEREST EXPENSE<span class=\"_ _10a\"> </span>(3)<span class=\"_ _1a6\"> </span>(4)Other \ue615nance incomeExchange gains on non-operating activities net of changes in fair value of derivative \ue614nancial instruments not part \ue619<span class=\"_ _b4\"> </span>\ue618of a hedging relationshipOther<span class=\"_ _21c\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL OTHER FINANCE INCOME<span class=\"_ _1cd\"> </span>10<span class=\"_ _b4\"> </span>6Other \ue615nance expenseNet periodic pension cost treated as other \ue614nance income (expense) and interest portion on other interest- (\ue619)<span class=\"_ _d4\"> </span>(\ue61b) (\ue61d)bearing provisionsExchange losses on non-operating activities net of change in fair value of derivative \ue614nancial instruments not part (\ue61d)<span class=\"_ _d4\"> </span>(\ue61f)of a hedging relationshipInterest expense on derivatives not part of a hedging relationship\ue610<span class=\"_ _1dd\"> </span>(\ue61d)<span class=\"_ _14e\"> </span>(\ue616)Interest expense on cash \ue613ow hedges<span class=\"_ _75\"> </span>-<span class=\"_ _136\"> </span>-Interest expense on other receivables<span class=\"_ _75\"> </span>-<span class=\"_ _14e\"> </span>(\ue61d)Interest expense for leases<span class=\"_ _121\"> </span>(\ue61f)<span class=\"_ _14e\"> </span>(\ue61f)Impairment loss on marketable securities<span class=\"_ _169\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Unwinding of discount on provisions<span class=\"_ _103\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Exchange di\ue615erences on disposal of foreign operations reclassi\ue614ed to pro\ue614t or loss<span class=\"_ _21d\"> </span>-<span class=\"_ _d4\"> </span>(\ue61a)Other<span class=\"_ _e\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)TOT<span class=\"_ _2\"></span>AL OTHER FINANCE EXPENSE<span class=\"_ _21e\"> </span>(16)<span class=\"_ _156\"> </span>(26) (2)(19)NET FINANCE COSTS<span class=\"_ _144\"> </span>(8)(1) <span class=\"_ _0\"></span>\ue618e interest portion of other inter<span class=\"_ _0\"></span>est-bearing pro<span class=\"_ _0\"></span>visions primarily comprises the allocation of interest on pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _0\"></span> pre-retirement.<span class=\"_ _0\"></span>\ue69d(2) \ue618e abo<span class=\"_ _0\"></span>ve \ue615nance income and \ue615nance costs include the follo<span class=\"_ _0\"></span>wing interest income and e<span class=\"_ _0\"></span>xpense in respect of assets (liabilities) not at f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue through pro\ue615t or loss.\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest income on \ue614nancial assets<span class=\"_ _21f\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest expense on \ue614nancial liabilities\ue610<span class=\"_ _220\"> </span>(\ue618)<span class=\"_ _d4\"> </span>(\ue617)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__25": {
   "value": " NET FINANCE COSTSMILLION EURO<span class=\"_ _16f\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Interest income\ue610\ue610\ue610\ue610 on bank deposits<span class=\"_ _15a\"> </span>\ue61f<span class=\"_ _13f\"> </span>\ue616TOT<span class=\"_ _2\"></span>AL INTEREST INCOME<span class=\"_ _21b\"> </span>2<span class=\"_ _b4\"> </span>4Interest expense on \ue614nancial liabilities measured at amortized cost\ue610\ue610\ue610\ue610 on bank loans<span class=\"_ _69\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)\ue610\ue610\ue610\ue610 on debentures<span class=\"_ _fe\"> </span>-<span class=\"_ _136\"> </span>-TOT<span class=\"_ _2\"></span>AL INTEREST EXPENSE<span class=\"_ _10a\"> </span>(3)<span class=\"_ _1a6\"> </span>(4)Other \ue615nance incomeExchange gains on non-operating activities net of changes in fair value of derivative \ue614nancial instruments not part \ue619<span class=\"_ _b4\"> </span>\ue618of a hedging relationshipOther<span class=\"_ _21c\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL OTHER FINANCE INCOME<span class=\"_ _1cd\"> </span>10<span class=\"_ _b4\"> </span>6Other \ue615nance expenseNet periodic pension cost treated as other \ue614nance income (expense) and interest portion on other interest- (\ue619)<span class=\"_ _d4\"> </span>(\ue61b) (\ue61d)bearing provisionsExchange losses on non-operating activities net of change in fair value of derivative \ue614nancial instruments not part (\ue61d)<span class=\"_ _d4\"> </span>(\ue61f)of a hedging relationshipInterest expense on derivatives not part of a hedging relationship\ue610<span class=\"_ _1dd\"> </span>(\ue61d)<span class=\"_ _14e\"> </span>(\ue616)Interest expense on cash \ue613ow hedges<span class=\"_ _75\"> </span>-<span class=\"_ _136\"> </span>-Interest expense on other receivables<span class=\"_ _75\"> </span>-<span class=\"_ _14e\"> </span>(\ue61d)Interest expense for leases<span class=\"_ _121\"> </span>(\ue61f)<span class=\"_ _14e\"> </span>(\ue61f)Impairment loss on marketable securities<span class=\"_ _169\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Unwinding of discount on provisions<span class=\"_ _103\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Exchange di\ue615erences on disposal of foreign operations reclassi\ue614ed to pro\ue614t or loss<span class=\"_ _21d\"> </span>-<span class=\"_ _d4\"> </span>(\ue61a)Other<span class=\"_ _e\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)TOT<span class=\"_ _2\"></span>AL OTHER FINANCE EXPENSE<span class=\"_ _21e\"> </span>(16)<span class=\"_ _156\"> </span>(26) (2)(19)NET FINANCE COSTS<span class=\"_ _144\"> </span>(8)(1) <span class=\"_ _0\"></span>\ue618e interest portion of other inter<span class=\"_ _0\"></span>est-bearing pro<span class=\"_ _0\"></span>visions primarily comprises the allocation of interest on pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _0\"></span> pre-retirement.<span class=\"_ _0\"></span>\ue69d(2) \ue618e abo<span class=\"_ _0\"></span>ve \ue615nance income and \ue615nance costs include the follo<span class=\"_ _0\"></span>wing interest income and e<span class=\"_ _0\"></span>xpense in respect of assets (liabilities) not at f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue through pro\ue615t or loss.\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest income on \ue614nancial assets<span class=\"_ _21f\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest expense on \ue614nancial liabilities\ue610<span class=\"_ _220\"> </span>(\ue618)<span class=\"_ _d4\"> </span>(\ue617)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__26": {
   "value": " NET FINANCE COSTSMILLION EURO<span class=\"_ _16f\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Interest income\ue610\ue610\ue610\ue610 on bank deposits<span class=\"_ _15a\"> </span>\ue61f<span class=\"_ _13f\"> </span>\ue616TOT<span class=\"_ _2\"></span>AL INTEREST INCOME<span class=\"_ _21b\"> </span>2<span class=\"_ _b4\"> </span>4Interest expense on \ue614nancial liabilities measured at amortized cost\ue610\ue610\ue610\ue610 on bank loans<span class=\"_ _69\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)\ue610\ue610\ue610\ue610 on debentures<span class=\"_ _fe\"> </span>-<span class=\"_ _136\"> </span>-TOT<span class=\"_ _2\"></span>AL INTEREST EXPENSE<span class=\"_ _10a\"> </span>(3)<span class=\"_ _1a6\"> </span>(4)Other \ue615nance incomeExchange gains on non-operating activities net of changes in fair value of derivative \ue614nancial instruments not part \ue619<span class=\"_ _b4\"> </span>\ue618of a hedging relationshipOther<span class=\"_ _21c\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL OTHER FINANCE INCOME<span class=\"_ _1cd\"> </span>10<span class=\"_ _b4\"> </span>6Other \ue615nance expenseNet periodic pension cost treated as other \ue614nance income (expense) and interest portion on other interest- (\ue619)<span class=\"_ _d4\"> </span>(\ue61b) (\ue61d)bearing provisionsExchange losses on non-operating activities net of change in fair value of derivative \ue614nancial instruments not part (\ue61d)<span class=\"_ _d4\"> </span>(\ue61f)of a hedging relationshipInterest expense on derivatives not part of a hedging relationship\ue610<span class=\"_ _1dd\"> </span>(\ue61d)<span class=\"_ _14e\"> </span>(\ue616)Interest expense on cash \ue613ow hedges<span class=\"_ _75\"> </span>-<span class=\"_ _136\"> </span>-Interest expense on other receivables<span class=\"_ _75\"> </span>-<span class=\"_ _14e\"> </span>(\ue61d)Interest expense for leases<span class=\"_ _121\"> </span>(\ue61f)<span class=\"_ _14e\"> </span>(\ue61f)Impairment loss on marketable securities<span class=\"_ _169\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Unwinding of discount on provisions<span class=\"_ _103\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Exchange di\ue615erences on disposal of foreign operations reclassi\ue614ed to pro\ue614t or loss<span class=\"_ _21d\"> </span>-<span class=\"_ _d4\"> </span>(\ue61a)Other<span class=\"_ _e\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)TOT<span class=\"_ _2\"></span>AL OTHER FINANCE EXPENSE<span class=\"_ _21e\"> </span>(16)<span class=\"_ _156\"> </span>(26) (2)(19)NET FINANCE COSTS<span class=\"_ _144\"> </span>(8)(1) <span class=\"_ _0\"></span>\ue618e interest portion of other inter<span class=\"_ _0\"></span>est-bearing pro<span class=\"_ _0\"></span>visions primarily comprises the allocation of interest on pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _0\"></span> pre-retirement.<span class=\"_ _0\"></span>\ue69d(2) \ue618e abo<span class=\"_ _0\"></span>ve \ue615nance income and \ue615nance costs include the follo<span class=\"_ _0\"></span>wing interest income and e<span class=\"_ _0\"></span>xpense in respect of assets (liabilities) not at f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue through pro\ue615t or loss.\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest income on \ue614nancial assets<span class=\"_ _21f\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest expense on \ue614nancial liabilities\ue610<span class=\"_ _220\"> </span>(\ue618)<span class=\"_ _d4\"> </span>(\ue617)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__27": {
   "value": " NET FINANCE COSTSMILLION EURO<span class=\"_ _16f\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Interest income\ue610\ue610\ue610\ue610 on bank deposits<span class=\"_ _15a\"> </span>\ue61f<span class=\"_ _13f\"> </span>\ue616TOT<span class=\"_ _2\"></span>AL INTEREST INCOME<span class=\"_ _21b\"> </span>2<span class=\"_ _b4\"> </span>4Interest expense on \ue614nancial liabilities measured at amortized cost\ue610\ue610\ue610\ue610 on bank loans<span class=\"_ _69\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)\ue610\ue610\ue610\ue610 on debentures<span class=\"_ _fe\"> </span>-<span class=\"_ _136\"> </span>-TOT<span class=\"_ _2\"></span>AL INTEREST EXPENSE<span class=\"_ _10a\"> </span>(3)<span class=\"_ _1a6\"> </span>(4)Other \ue615nance incomeExchange gains on non-operating activities net of changes in fair value of derivative \ue614nancial instruments not part \ue619<span class=\"_ _b4\"> </span>\ue618of a hedging relationshipOther<span class=\"_ _21c\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL OTHER FINANCE INCOME<span class=\"_ _1cd\"> </span>10<span class=\"_ _b4\"> </span>6Other \ue615nance expenseNet periodic pension cost treated as other \ue614nance income (expense) and interest portion on other interest- (\ue619)<span class=\"_ _d4\"> </span>(\ue61b) (\ue61d)bearing provisionsExchange losses on non-operating activities net of change in fair value of derivative \ue614nancial instruments not part (\ue61d)<span class=\"_ _d4\"> </span>(\ue61f)of a hedging relationshipInterest expense on derivatives not part of a hedging relationship\ue610<span class=\"_ _1dd\"> </span>(\ue61d)<span class=\"_ _14e\"> </span>(\ue616)Interest expense on cash \ue613ow hedges<span class=\"_ _75\"> </span>-<span class=\"_ _136\"> </span>-Interest expense on other receivables<span class=\"_ _75\"> </span>-<span class=\"_ _14e\"> </span>(\ue61d)Interest expense for leases<span class=\"_ _121\"> </span>(\ue61f)<span class=\"_ _14e\"> </span>(\ue61f)Impairment loss on marketable securities<span class=\"_ _169\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Unwinding of discount on provisions<span class=\"_ _103\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Exchange di\ue615erences on disposal of foreign operations reclassi\ue614ed to pro\ue614t or loss<span class=\"_ _21d\"> </span>-<span class=\"_ _d4\"> </span>(\ue61a)Other<span class=\"_ _e\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)TOT<span class=\"_ _2\"></span>AL OTHER FINANCE EXPENSE<span class=\"_ _21e\"> </span>(16)<span class=\"_ _156\"> </span>(26) (2)(19)NET FINANCE COSTS<span class=\"_ _144\"> </span>(8)(1) <span class=\"_ _0\"></span>\ue618e interest portion of other inter<span class=\"_ _0\"></span>est-bearing pro<span class=\"_ _0\"></span>visions primarily comprises the allocation of interest on pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _0\"></span> pre-retirement.<span class=\"_ _0\"></span>\ue69d(2) \ue618e abo<span class=\"_ _0\"></span>ve \ue615nance income and \ue615nance costs include the follo<span class=\"_ _0\"></span>wing interest income and e<span class=\"_ _0\"></span>xpense in respect of assets (liabilities) not at f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue through pro\ue615t or loss.\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest income on \ue614nancial assets<span class=\"_ _21f\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest expense on \ue614nancial liabilities\ue610<span class=\"_ _220\"> </span>(\ue618)<span class=\"_ _d4\"> </span>(\ue617)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__28": {
   "value": " NET FINANCE COSTSMILLION EURO<span class=\"_ _16f\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Interest income\ue610\ue610\ue610\ue610 on bank deposits<span class=\"_ _15a\"> </span>\ue61f<span class=\"_ _13f\"> </span>\ue616TOT<span class=\"_ _2\"></span>AL INTEREST INCOME<span class=\"_ _21b\"> </span>2<span class=\"_ _b4\"> </span>4Interest expense on \ue614nancial liabilities measured at amortized cost\ue610\ue610\ue610\ue610 on bank loans<span class=\"_ _69\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)\ue610\ue610\ue610\ue610 on debentures<span class=\"_ _fe\"> </span>-<span class=\"_ _136\"> </span>-TOT<span class=\"_ _2\"></span>AL INTEREST EXPENSE<span class=\"_ _10a\"> </span>(3)<span class=\"_ _1a6\"> </span>(4)Other \ue615nance incomeExchange gains on non-operating activities net of changes in fair value of derivative \ue614nancial instruments not part \ue619<span class=\"_ _b4\"> </span>\ue618of a hedging relationshipOther<span class=\"_ _21c\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL OTHER FINANCE INCOME<span class=\"_ _1cd\"> </span>10<span class=\"_ _b4\"> </span>6Other \ue615nance expenseNet periodic pension cost treated as other \ue614nance income (expense) and interest portion on other interest- (\ue619)<span class=\"_ _d4\"> </span>(\ue61b) (\ue61d)bearing provisionsExchange losses on non-operating activities net of change in fair value of derivative \ue614nancial instruments not part (\ue61d)<span class=\"_ _d4\"> </span>(\ue61f)of a hedging relationshipInterest expense on derivatives not part of a hedging relationship\ue610<span class=\"_ _1dd\"> </span>(\ue61d)<span class=\"_ _14e\"> </span>(\ue616)Interest expense on cash \ue613ow hedges<span class=\"_ _75\"> </span>-<span class=\"_ _136\"> </span>-Interest expense on other receivables<span class=\"_ _75\"> </span>-<span class=\"_ _14e\"> </span>(\ue61d)Interest expense for leases<span class=\"_ _121\"> </span>(\ue61f)<span class=\"_ _14e\"> </span>(\ue61f)Impairment loss on marketable securities<span class=\"_ _169\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Unwinding of discount on provisions<span class=\"_ _103\"> </span>(\ue61d)<span class=\"_ _16e\"> </span>-Exchange di\ue615erences on disposal of foreign operations reclassi\ue614ed to pro\ue614t or loss<span class=\"_ _21d\"> </span>-<span class=\"_ _d4\"> </span>(\ue61a)Other<span class=\"_ _e\"> </span>(\ue61a)<span class=\"_ _d4\"> </span>(\ue616)TOT<span class=\"_ _2\"></span>AL OTHER FINANCE EXPENSE<span class=\"_ _21e\"> </span>(16)<span class=\"_ _156\"> </span>(26) (2)(19)NET FINANCE COSTS<span class=\"_ _144\"> </span>(8)(1) <span class=\"_ _0\"></span>\ue618e interest portion of other inter<span class=\"_ _0\"></span>est-bearing pro<span class=\"_ _0\"></span>visions primarily comprises the allocation of interest on pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _0\"></span> pre-retirement.<span class=\"_ _0\"></span>\ue69d(2) \ue618e abo<span class=\"_ _0\"></span>ve \ue615nance income and \ue615nance costs include the follo<span class=\"_ _0\"></span>wing interest income and e<span class=\"_ _0\"></span>xpense in respect of assets (liabilities) not at f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue through pro\ue615t or loss.\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest income on \ue614nancial assets<span class=\"_ _21f\"> </span>\ue61f<span class=\"_ _b4\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610\ue610 T<span class=\"_ _1\"></span>otal interest expense on \ue614nancial liabilities\ue610<span class=\"_ _220\"> </span>(\ue618)<span class=\"_ _d4\"> </span>(\ue617)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__30": {
   "value": ".<span class=\"_ _0\"></span> INFORMA<span class=\"_ _2\"></span>TION ON <span class=\"_ _0\"></span>THE NA<span class=\"_ _2\"></span>TURE OF EXPENSES\ue618e followin<span class=\"_ _0\"></span>g table gives an ov<span class=\"_ _0\"></span>erview of the major<span class=\"_ _0\"></span> expenses/income (incl. subject to r<span class=\"_ _0\"></span>estructuring) of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operat<span class=\"ws1\">-</span>ing result clas<span class=\"_ _0\"></span>si\ue615ed by natur<span class=\"_ _0\"></span>e:MILLION EURO<span class=\"_ _1ac\"> </span>Note<span class=\"_ _bc\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Revenue<span class=\"_ _221\"> </span>1,760<span class=\"_ _39\"> </span>1,857Cost of raw materials, goods purchased for resale and production related costs (\ue619\ue61a\ue61b)<span class=\"_ _39\"> </span>(\ue619\ue617\ue619)(including changes in inventories)Cost of services and other goods<span class=\"_ _1b5\"> </span>(\ue61a\ue616\ue61e)<span class=\"_ _39\"> </span>(\ue616\ue61d\ue61a)Personnel expenses<span class=\"_ _1e8\"> </span>(\ue618\ue61b\ue61a)<span class=\"_ _39\"> </span>(\ue617\ue61d\ue616)Amortization and depreciation<span class=\"_ _222\"> </span>\ue61f\ue619/\ue61f\ue61c/\ue61f\ue61b<span class=\"_ _163\"> </span>(\ue617\ue61f)<span class=\"_ _18c\"> </span>(\ue617\ue61a)Impairment losses on goodwill, intangible assets, PP&amp;E and right-of-use assets<span class=\"_ _98\"> </span>\ue61b.\ue61f<span class=\"_ _136\"> </span>(\ue61d)<span class=\"_ _39\"> </span>(\ue61d\ue61d\ue616)Write-downs/write-o\ue615s on in<span class=\"_ _0\"></span>ventories\ue610<span class=\"_ _152\"> </span>\ue61a\ue61f<span class=\"_ _b2\"> </span>(\ue61d\ue61d)<span class=\"_ _18c\"> </span>(\ue61d\ue61f)Impairment losses on receivables<span class=\"_ _223\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _195\"> </span>(\ue61f)<span class=\"_ _d4\"> </span>(\ue61d)Changes in provisions excl. restructuring<span class=\"_ _64\"> </span>-<span class=\"_ _b4\"> </span>\ue61dRestructuring expenses<span class=\"_ _224\"> </span>\ue617/\ue619/\ue61b<span class=\"_ _1a2\"> </span>(\ue61f\ue61e)<span class=\"_ _18c\"> </span>(\ue61a\ue61f)Other tax expenses<span class=\"_ _6a\"> </span>(\ue61d\ue61a)<span class=\"_ _18c\"> </span>(\ue61d\ue61d)Other expenses<span class=\"_ _225\"> </span>(\ue61f\ue61a)<span class=\"_ _12b\"> </span>(\ue61f\ue617)R&amp;D tax credits<span class=\"_ _1fd\"> </span>\ue618<span class=\"_ _b4\"> </span>\ue619Interest income from leasing activities<span class=\"_ _112\"> </span>\ue616<span class=\"_ _13f\"> </span>\ue616Capitalized expenses (projects, assets under construction)<span class=\"_ _226\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue616Gain on the sale of intangible assets and PP&amp;E<span class=\"_ _18b\"> </span>\ue61c<span class=\"_ _13f\"> </span>\ue61dOther income<span class=\"_ _12f\"> </span>\ue61a\ue61a<span class=\"_ _14b\"> </span>\ue61f\ue61eOperating result<span class=\"_ _227\"> </span>9<span class=\"_ _163\"> </span>(160)Cost of ra<span class=\"_ _0\"></span>w materials,<span class=\"_ _0\"></span> goods purch<span class=\"_ _0\"></span>ased for r<span class=\"_ _0\"></span>esale and production rel<span class=\"_ _0\"></span>ated costs cov<span class=\"_ _0\"></span>er all costs incurr<span class=\"_ _0\"></span>ed to purchase r<span class=\"_ _2\"></span>aw ma-terials, g<span class=\"_ _0\"></span>oods purchased for<span class=\"_ _2\"></span> resale, sp<span class=\"_ _0\"></span>are parts,<span class=\"_ _0\"></span> changes in in<span class=\"_ _0\"></span>ventory and all costs that h<span class=\"_ _0\"></span>ave a cle<span class=\"_ _0\"></span>ar link<span class=\"_ _0\"></span> to production such as costs for<span class=\"_ _0\"></span> recutting and refurbishin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> to the extent re\ue617ected in the cost of sales as comprised in pr<span class=\"_ _0\"></span>o\ue615t or loss f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.Cost of services and other g<span class=\"_ _0\"></span>oods mainly cov<span class=\"_ _0\"></span>er: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the external pre<span class=\"_ _0\"></span>liminary work for<span class=\"_ _2\"></span> the processing or manuf<span class=\"_ _0\"></span>acturing of products and projects on be<span class=\"_ _0\"></span>half of the Company<span class=\"_ _0\"></span>;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">transport,<span class=\"_ _0\"></span> freight,<span class=\"_ _0\"></span> duties, stor<span class=\"_ _0\"></span>age and handling e<span class=\"_ _0\"></span>xpenses;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">utilities and energy expenses;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tra<span class=\"_ _0\"></span>vel and entertainment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">expenses from le<span class=\"_ _0\"></span>asing activities.</span></span>\ue618e increase of these costs <span class=\"_ _0\"></span>was driv<span class=\"_ _0\"></span>en by glob<span class=\"_ _0\"></span>al in\ue617ation on energy<span class=\"_ _2\"></span>, r<span class=\"_ _0\"></span>aw materi<span class=\"_ _0\"></span>al, logistics and salary costs.P<span class=\"_ _0\"></span>ersonnel expenses in 20<span class=\"_ _0\"></span>22 amounted to 614 million Eur<span class=\"_ _0\"></span>o compared to 5<span class=\"_ _0\"></span>93 million Eur<span class=\"_ _0\"></span>o in 2021 (<span class=\"_ _0\"></span>see also Note 13).\ue618e increase in personne<span class=\"_ _0\"></span>l expenses w<span class=\"_ _0\"></span>as also in\ue617ation driven and imp<span class=\"_ _0\"></span>acted by the acquisition of Inca Digital Printers.P<span class=\"_ _0\"></span>ersonnel expense comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">payr<span class=\"_ _0\"></span>oll relate<span class=\"_ _0\"></span>d expenses: w<span class=\"_ _0\"></span>ages and salaries and social securit<span class=\"_ _0\"></span>y contributions;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">expenses for<span class=\"_ _0\"></span> retirement bene\ue615ts;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">accrued expenses f<span class=\"_ _0\"></span>or personnel e<span class=\"_ _0\"></span>xpenses (such as annual v<span class=\"_ _2\"></span>acation and annual vari<span class=\"_ _0\"></span>able pay<span class=\"_ _0\"></span>ments);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws65\">other personnel e<span class=\"_ _0\"></span>xpenses (such as tempor<span class=\"_ _0\"></span>ary sta\ue614,<span class=\"_ _0\"></span> trainin<span class=\"_ _0\"></span>g, r<span class=\"_ _0\"></span>ecruitment and outplacement<span class=\"_ _0\"></span>). P<span class=\"_ _2\"></span>ersonnel related restr<span class=\"_ _0\"></span>uc<span class=\"ws1\">-</span></span></span>turing expenses are r<span class=\"_ _0\"></span>eported as restructurin<span class=\"_ _0\"></span>g expenses.\ue618e aver<span class=\"_ _2\"></span>age number of employees in full-time equiv<span class=\"_ _2\"></span>alent heads for 2<span class=\"_ _0\"></span>022 amounted to 6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>721 (20<span class=\"_ _0\"></span>21: 7<span class=\"_ _0\"></span>,126). Cl<span class=\"_ _0\"></span>assi\ue615ed per corporate f<span class=\"_ _0\"></span>unction, this av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e comprising permanent and temporary contr<span class=\"_ _2\"></span>acts can be presented as follows:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Manufacturing/Engineering\ue61f,\ue61f\ue617\ue61d<span class=\"_ _39\"> </span>\ue61f,\ue61d\ue61b\ue617Research and development\ue61c\ue616\ue616<span class=\"_ _13c\"> </span>\ue61c\ue61f\ue61fSales and Marketing/Service\ue61f,\ue617\ue61d\ue616<span class=\"_ _39\"> </span>\ue61f,\ue618\ue61f\ue619Administration\ue61d,\ue616\ue61e\ue61c<span class=\"_ _39\"> </span>\ue61d,\ue61d\ue619\ue617TOT<span class=\"_ _0\"></span>AL7,126<span class=\"_ _39\"> </span>6,721",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__29": {
   "value": ".<span class=\"_ _0\"></span> INFORMA<span class=\"_ _2\"></span>TION ON <span class=\"_ _0\"></span>THE NA<span class=\"_ _2\"></span>TURE OF EXPENSES\ue618e followin<span class=\"_ _0\"></span>g table gives an ov<span class=\"_ _0\"></span>erview of the major<span class=\"_ _0\"></span> expenses/income (incl. subject to r<span class=\"_ _0\"></span>estructuring) of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operat<span class=\"ws1\">-</span>ing result clas<span class=\"_ _0\"></span>si\ue615ed by natur<span class=\"_ _0\"></span>e:MILLION EURO<span class=\"_ _1ac\"> </span>Note<span class=\"_ _bc\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Revenue<span class=\"_ _221\"> </span>1,760<span class=\"_ _39\"> </span>1,857Cost of raw materials, goods purchased for resale and production related costs (\ue619\ue61a\ue61b)<span class=\"_ _39\"> </span>(\ue619\ue617\ue619)(including changes in inventories)Cost of services and other goods<span class=\"_ _1b5\"> </span>(\ue61a\ue616\ue61e)<span class=\"_ _39\"> </span>(\ue616\ue61d\ue61a)Personnel expenses<span class=\"_ _1e8\"> </span>(\ue618\ue61b\ue61a)<span class=\"_ _39\"> </span>(\ue617\ue61d\ue616)Amortization and depreciation<span class=\"_ _222\"> </span>\ue61f\ue619/\ue61f\ue61c/\ue61f\ue61b<span class=\"_ _163\"> </span>(\ue617\ue61f)<span class=\"_ _18c\"> </span>(\ue617\ue61a)Impairment losses on goodwill, intangible assets, PP&amp;E and right-of-use assets<span class=\"_ _98\"> </span>\ue61b.\ue61f<span class=\"_ _136\"> </span>(\ue61d)<span class=\"_ _39\"> </span>(\ue61d\ue61d\ue616)Write-downs/write-o\ue615s on in<span class=\"_ _0\"></span>ventories\ue610<span class=\"_ _152\"> </span>\ue61a\ue61f<span class=\"_ _b2\"> </span>(\ue61d\ue61d)<span class=\"_ _18c\"> </span>(\ue61d\ue61f)Impairment losses on receivables<span class=\"_ _223\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _195\"> </span>(\ue61f)<span class=\"_ _d4\"> </span>(\ue61d)Changes in provisions excl. restructuring<span class=\"_ _64\"> </span>-<span class=\"_ _b4\"> </span>\ue61dRestructuring expenses<span class=\"_ _224\"> </span>\ue617/\ue619/\ue61b<span class=\"_ _1a2\"> </span>(\ue61f\ue61e)<span class=\"_ _18c\"> </span>(\ue61a\ue61f)Other tax expenses<span class=\"_ _6a\"> </span>(\ue61d\ue61a)<span class=\"_ _18c\"> </span>(\ue61d\ue61d)Other expenses<span class=\"_ _225\"> </span>(\ue61f\ue61a)<span class=\"_ _12b\"> </span>(\ue61f\ue617)R&amp;D tax credits<span class=\"_ _1fd\"> </span>\ue618<span class=\"_ _b4\"> </span>\ue619Interest income from leasing activities<span class=\"_ _112\"> </span>\ue616<span class=\"_ _13f\"> </span>\ue616Capitalized expenses (projects, assets under construction)<span class=\"_ _226\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue616Gain on the sale of intangible assets and PP&amp;E<span class=\"_ _18b\"> </span>\ue61c<span class=\"_ _13f\"> </span>\ue61dOther income<span class=\"_ _12f\"> </span>\ue61a\ue61a<span class=\"_ _14b\"> </span>\ue61f\ue61eOperating result<span class=\"_ _227\"> </span>9<span class=\"_ _163\"> </span>(160)Cost of ra<span class=\"_ _0\"></span>w materials,<span class=\"_ _0\"></span> goods purch<span class=\"_ _0\"></span>ased for r<span class=\"_ _0\"></span>esale and production rel<span class=\"_ _0\"></span>ated costs cov<span class=\"_ _0\"></span>er all costs incurr<span class=\"_ _0\"></span>ed to purchase r<span class=\"_ _2\"></span>aw ma-terials, g<span class=\"_ _0\"></span>oods purchased for<span class=\"_ _2\"></span> resale, sp<span class=\"_ _0\"></span>are parts,<span class=\"_ _0\"></span> changes in in<span class=\"_ _0\"></span>ventory and all costs that h<span class=\"_ _0\"></span>ave a cle<span class=\"_ _0\"></span>ar link<span class=\"_ _0\"></span> to production such as costs for<span class=\"_ _0\"></span> recutting and refurbishin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> to the extent re\ue617ected in the cost of sales as comprised in pr<span class=\"_ _0\"></span>o\ue615t or loss f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.Cost of services and other g<span class=\"_ _0\"></span>oods mainly cov<span class=\"_ _0\"></span>er: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the external pre<span class=\"_ _0\"></span>liminary work for<span class=\"_ _2\"></span> the processing or manuf<span class=\"_ _0\"></span>acturing of products and projects on be<span class=\"_ _0\"></span>half of the Company<span class=\"_ _0\"></span>;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">transport,<span class=\"_ _0\"></span> freight,<span class=\"_ _0\"></span> duties, stor<span class=\"_ _0\"></span>age and handling e<span class=\"_ _0\"></span>xpenses;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">utilities and energy expenses;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tra<span class=\"_ _0\"></span>vel and entertainment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">expenses from le<span class=\"_ _0\"></span>asing activities.</span></span>\ue618e increase of these costs <span class=\"_ _0\"></span>was driv<span class=\"_ _0\"></span>en by glob<span class=\"_ _0\"></span>al in\ue617ation on energy<span class=\"_ _2\"></span>, r<span class=\"_ _0\"></span>aw materi<span class=\"_ _0\"></span>al, logistics and salary costs.P<span class=\"_ _0\"></span>ersonnel expenses in 20<span class=\"_ _0\"></span>22 amounted to 614 million Eur<span class=\"_ _0\"></span>o compared to 5<span class=\"_ _0\"></span>93 million Eur<span class=\"_ _0\"></span>o in 2021 (<span class=\"_ _0\"></span>see also Note 13).\ue618e increase in personne<span class=\"_ _0\"></span>l expenses w<span class=\"_ _0\"></span>as also in\ue617ation driven and imp<span class=\"_ _0\"></span>acted by the acquisition of Inca Digital Printers.P<span class=\"_ _0\"></span>ersonnel expense comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">payr<span class=\"_ _0\"></span>oll relate<span class=\"_ _0\"></span>d expenses: w<span class=\"_ _0\"></span>ages and salaries and social securit<span class=\"_ _0\"></span>y contributions;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">expenses for<span class=\"_ _0\"></span> retirement bene\ue615ts;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">accrued expenses f<span class=\"_ _0\"></span>or personnel e<span class=\"_ _0\"></span>xpenses (such as annual v<span class=\"_ _2\"></span>acation and annual vari<span class=\"_ _0\"></span>able pay<span class=\"_ _0\"></span>ments);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws65\">other personnel e<span class=\"_ _0\"></span>xpenses (such as tempor<span class=\"_ _0\"></span>ary sta\ue614,<span class=\"_ _0\"></span> trainin<span class=\"_ _0\"></span>g, r<span class=\"_ _0\"></span>ecruitment and outplacement<span class=\"_ _0\"></span>). P<span class=\"_ _2\"></span>ersonnel related restr<span class=\"_ _0\"></span>uc<span class=\"ws1\">-</span></span></span>turing expenses are r<span class=\"_ _0\"></span>eported as restructurin<span class=\"_ _0\"></span>g expenses.\ue618e aver<span class=\"_ _2\"></span>age number of employees in full-time equiv<span class=\"_ _2\"></span>alent heads for 2<span class=\"_ _0\"></span>022 amounted to 6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>721 (20<span class=\"_ _0\"></span>21: 7<span class=\"_ _0\"></span>,126). Cl<span class=\"_ _0\"></span>assi\ue615ed per corporate f<span class=\"_ _0\"></span>unction, this av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e comprising permanent and temporary contr<span class=\"_ _2\"></span>acts can be presented as follows:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Manufacturing/Engineering\ue61f,\ue61f\ue617\ue61d<span class=\"_ _39\"> </span>\ue61f,\ue61d\ue61b\ue617Research and development\ue61c\ue616\ue616<span class=\"_ _13c\"> </span>\ue61c\ue61f\ue61fSales and Marketing/Service\ue61f,\ue617\ue61d\ue616<span class=\"_ _39\"> </span>\ue61f,\ue618\ue61f\ue619Administration\ue61d,\ue616\ue61e\ue61c<span class=\"_ _39\"> </span>\ue61d,\ue61d\ue619\ue617TOT<span class=\"_ _0\"></span>AL7,126<span class=\"_ _39\"> </span>6,721",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__31": {
   "value": "\ue618e followin<span class=\"_ _0\"></span>g table gives an ov<span class=\"_ _0\"></span>erview of the major<span class=\"_ _0\"></span> expenses/income (incl. subject to r<span class=\"_ _0\"></span>estructuring) of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operat<span class=\"ws1\">-</span>ing result clas<span class=\"_ _0\"></span>si\ue615ed by natur<span class=\"_ _0\"></span>e:MILLION EURO<span class=\"_ _1ac\"> </span>Note<span class=\"_ _bc\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Revenue<span class=\"_ _221\"> </span>1,760<span class=\"_ _39\"> </span>1,857Cost of raw materials, goods purchased for resale and production related costs (\ue619\ue61a\ue61b)<span class=\"_ _39\"> </span>(\ue619\ue617\ue619)(including changes in inventories)Cost of services and other goods<span class=\"_ _1b5\"> </span>(\ue61a\ue616\ue61e)<span class=\"_ _39\"> </span>(\ue616\ue61d\ue61a)Personnel expenses<span class=\"_ _1e8\"> </span>(\ue618\ue61b\ue61a)<span class=\"_ _39\"> </span>(\ue617\ue61d\ue616)Amortization and depreciation<span class=\"_ _222\"> </span>\ue61f\ue619/\ue61f\ue61c/\ue61f\ue61b<span class=\"_ _163\"> </span>(\ue617\ue61f)<span class=\"_ _18c\"> </span>(\ue617\ue61a)Impairment losses on goodwill, intangible assets, PP&amp;E and right-of-use assets<span class=\"_ _98\"> </span>\ue61b.\ue61f<span class=\"_ _136\"> </span>(\ue61d)<span class=\"_ _39\"> </span>(\ue61d\ue61d\ue616)Write-downs/write-o\ue615s on in<span class=\"_ _0\"></span>ventories\ue610<span class=\"_ _152\"> </span>\ue61a\ue61f<span class=\"_ _b2\"> </span>(\ue61d\ue61d)<span class=\"_ _18c\"> </span>(\ue61d\ue61f)Impairment losses on receivables<span class=\"_ _223\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _195\"> </span>(\ue61f)<span class=\"_ _d4\"> </span>(\ue61d)Changes in provisions excl. restructuring<span class=\"_ _64\"> </span>-<span class=\"_ _b4\"> </span>\ue61dRestructuring expenses<span class=\"_ _224\"> </span>\ue617/\ue619/\ue61b<span class=\"_ _1a2\"> </span>(\ue61f\ue61e)<span class=\"_ _18c\"> </span>(\ue61a\ue61f)Other tax expenses<span class=\"_ _6a\"> </span>(\ue61d\ue61a)<span class=\"_ _18c\"> </span>(\ue61d\ue61d)Other expenses<span class=\"_ _225\"> </span>(\ue61f\ue61a)<span class=\"_ _12b\"> </span>(\ue61f\ue617)R&amp;D tax credits<span class=\"_ _1fd\"> </span>\ue618<span class=\"_ _b4\"> </span>\ue619Interest income from leasing activities<span class=\"_ _112\"> </span>\ue616<span class=\"_ _13f\"> </span>\ue616Capitalized expenses (projects, assets under construction)<span class=\"_ _226\"> </span>\ue61a<span class=\"_ _b4\"> </span>\ue616Gain on the sale of intangible assets and PP&amp;E<span class=\"_ _18b\"> </span>\ue61c<span class=\"_ _13f\"> </span>\ue61dOther income<span class=\"_ _12f\"> </span>\ue61a\ue61a<span class=\"_ _14b\"> </span>\ue61f\ue61eOperating result<span class=\"_ _227\"> </span>9<span class=\"_ _163\"> </span>(160)Cost of ra<span class=\"_ _0\"></span>w materials,<span class=\"_ _0\"></span> goods purch<span class=\"_ _0\"></span>ased for r<span class=\"_ _0\"></span>esale and production rel<span class=\"_ _0\"></span>ated costs cov<span class=\"_ _0\"></span>er all costs incurr<span class=\"_ _0\"></span>ed to purchase r<span class=\"_ _2\"></span>aw ma-terials, g<span class=\"_ _0\"></span>oods purchased for<span class=\"_ _2\"></span> resale, sp<span class=\"_ _0\"></span>are parts,<span class=\"_ _0\"></span> changes in in<span class=\"_ _0\"></span>ventory and all costs that h<span class=\"_ _0\"></span>ave a cle<span class=\"_ _0\"></span>ar link<span class=\"_ _0\"></span> to production such as costs for<span class=\"_ _0\"></span> recutting and refurbishin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> to the extent re\ue617ected in the cost of sales as comprised in pr<span class=\"_ _0\"></span>o\ue615t or loss f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__32": {
   "value": "EARNINGS PER SHARE12.<span class=\"_ _2\"></span>1 Basic earnings p<span class=\"_ _22\"></span>er share / diluted earnings per share\ue618e calculation of earnings per<span class=\"_ _2\"></span> share at December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> was based on the pr<span class=\"_ _0\"></span>o\ue615t attributable to owners of the Com<span class=\"ls1 ws1\">-</span>pany<span class=\"_ _0\"></span> of minus 221 million Euro (20<span class=\"_ _0\"></span>21: minus 17 million E<span class=\"_ _0\"></span>uro) and a w<span class=\"_ _0\"></span>eighted av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e number of ordin<span class=\"_ _0\"></span>ary shares out<span class=\"ls1 ws1\">-</span>standing during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> ended December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, of 156<span class=\"_ _0\"></span>,236,31<span class=\"_ _0\"></span>9 (2021: 165,<span class=\"_ _0\"></span>003,57<span class=\"_ _0\"></span>0).Number of shares issued\ue610<span class=\"_ _1b1\"> </span>\ue61d\ue618\ue616,\ue61c\ue61f\ue61e,\ue618\ue61f\ue61cOwn shares (see Note \ue61a\ue619.\ue61f)<span class=\"_ _1d0\"> </span>-Number of outstanding ordinary shares at December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61f (see Note \ue61a\ue619.\ue61d)<span class=\"_ _1b9\"> </span>\ue61d\ue618\ue616,\ue61c\ue61f\ue61e,\ue618\ue61f\ue61cE\ue615ect of options exercised during \ue61f\ue61e\ue61f\ue61f<span class=\"_ _112\"> </span>-E\ue615ect of stock options on issue<span class=\"_ _228\"> </span>-W<span class=\"_ _0\"></span>eighted average number of ordinary shares at December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61f<span class=\"_ _154\"> </span>\ue61d\ue618\ue617,\ue61f\ue61a\ue617,\ue61a\ue61d\ue61bEuro<span class=\"_ _229\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Basic earnings per share / Diluted earnings per share<span class=\"_ _15d\"> </span>(\ue61e.\ue61d\ue61d)<span class=\"_ _ca\"> </span>(\ue61d.\ue616\ue61d)\ue618e aver<span class=\"_ _2\"></span>age fair v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> one ordinary shar<span class=\"_ _0\"></span>e during 202<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>as 3.44 Euro per<span class=\"_ _0\"></span> share<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__34": {
   "value": "EMPLO<span class=\"_ _0\"></span>YEE BENEFITSEmployee bene\ue61ft liabilitiesMILLION EURO<span class=\"_ _22a\"> </span>December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _22b\"> </span><span class=\"ffc\">December 31, 2022</span>Liabilities for post-employment bene\ue614ts<span class=\"_ _1d2\"> </span>\ue619\ue61f\ue61c<span class=\"_ _bc\"> </span>\ue618\ue61a\ue61dLong-term termination bene\ue614ts<span class=\"_ _78\"> </span>\ue61c<span class=\"_ _b4\"> </span>\ue618Liabilities for post-employment and long-term bene\ue615t plans<span class=\"_ _22c\"> </span>735<span class=\"_ _13c\"> </span>536Other non-current employee bene\ue615ts<span class=\"_ _196\"> </span>11<span class=\"_ _b4\"> </span>9Non-current employee bene\ue614t liabilities<span class=\"_ _1b6\"> </span>\ue619\ue616\ue619<span class=\"_ _bc\"> </span>\ue618\ue616\ue618Current employee bene\ue614t liabilities<span class=\"_ _1c7\"> </span>\ue61b\ue61b<span class=\"_ _14b\"> </span>\ue61b\ue618T<span class=\"_ _2\"></span>otal employee bene\ue615t liabilities<span class=\"_ _22d\"> </span>846<span class=\"_ _13c\"> </span>640Employee bene\ue61ft expensesMILLION EURO<span class=\"_ _22e\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Payroll related expenses<span class=\"_ _1f0\"> </span>\ue616\ue617\ue61a<span class=\"_ _13c\"> </span>\ue616\ue619\ue61cExpenses for retirement bene\ue614ts included in EBIT<span class=\"_ _13d\"> </span>\ue61a\ue617<span class=\"_ _14b\"> </span>\ue616\ue616Accrued expenses for personnel expenses<span class=\"_ _22f\"> </span>\ue619\ue618<span class=\"_ _14b\"> </span>\ue619\ue61eOther personnel expenses<span class=\"_ _230\"> </span>\ue61d\ue61b<span class=\"_ _14b\"> </span>\ue61f\ue61aT<span class=\"_ _2\"></span>otal employee bene\ue615t expenses included in EBIT<span class=\"_ _231\"> </span>593<span class=\"_ _13c\"> </span>614\ue67f\ue690.<span class=\"_ _0\"></span> POST<span class=\"_ _2\"></span>\ue684EMPLOYMENT BENEFIT PLANS\ue618e Group pro<span class=\"_ _0\"></span>vides retirement bene\ue615ts in mos<span class=\"_ _0\"></span>t countries in which it oper<span class=\"_ _0\"></span>ates, mainly thr<span class=\"_ _0\"></span>ough de\ue615ned contribution plans.<span class=\"_ _0\"></span> In some countries howev<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>, the Group organiz<span class=\"_ _0\"></span>es its retirement bene\ue615ts v<span class=\"_ _0\"></span>ia de\ue615ned bene\ue615t plans.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e net de\ue615ned bene\ue615t liability for<span class=\"_ _2\"></span> Belgium, Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> UK and US together<span class=\"_ _0\"></span> (within A<span class=\"_ _0\"></span>gfa in this context also ref<span class=\"_ _0\"></span>erred to as <span class=\"_ _0\"></span>\u2018m<span class=\"_ _0\"></span>aterial countries<span class=\"_ _0\"></span>\u2019) rep<span class=\"ws1\">-</span>resent 98% (20<span class=\"_ _0\"></span>21: 98%) of the total net de\ue615ned bene\ue615t liability of the Group<span class=\"_ _2\"></span>. A major<span class=\"_ _2\"></span> part of these liabilities relates to closed pension plans, me<span class=\"_ _0\"></span>aning that no further<span class=\"_ _2\"></span> bene\ue615ts are accrued under these plans.<span class=\"_ _2\"></span> \ue618is is the case in the UK, the US and for<span class=\"_ _2\"></span> a major<span class=\"_ _0\"></span> part of the German pension plans. In Be<span class=\"_ _0\"></span>lgi <span class=\"_ _86\"></span>um, the major<span class=\"_ _0\"></span> pension plan \u2013 referr<span class=\"_ _0\"></span>ed to as \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019 \u2013 has been closed to new manag<span class=\"_ _0\"></span>ers entering as from January 2019.<span class=\"_ _0\"></span> \ue618e followin<span class=\"_ _0\"></span>g table summarizes the imp<span class=\"_ _0\"></span>act of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s post-employment bene\ue615t plans on its consolida<span class=\"_ _0\"></span>ted statements of \ue615nancial position and pro\ue615t or<span class=\"_ _0\"></span> loss, br<span class=\"_ _0\"></span>oken dow<span class=\"_ _0\"></span>n into material countries and other<span class=\"_ _0\"></span> countries.December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _1c0\"> </span><span class=\"ffc\">December 31, 2022</span>Belgium/ Other Belgium/ Other TOT<span class=\"_ _0\"></span>ALTOT<span class=\"_ _0\"></span>ALMILLION EUROGermany/UK/UScountriesGermany/UK/UScountriesLiabilities for post-employment bene\ue614ts<span class=\"_ _145\"> </span>\ue619\ue61d\ue616<span class=\"_ _184\"> </span>\ue61d\ue616<span class=\"_ _4d\"> </span>\ue619\ue61f\ue61c<span class=\"_ _1a5\"> </span>\ue618\ue61f\ue61d<span class=\"_ _188\"> </span>\ue61d\ue61e<span class=\"_ _4d\"> </span>\ue618\ue61a\ue61dAssets related to post-employment bene\ue614ts<span class=\"_ _a6\"> </span>(\ue616\ue61e)<span class=\"_ _cb\"> </span>-<span class=\"_ _88\"> </span>(\ue616\ue61e)<span class=\"_ _147\"> </span>(\ue61d\ue61c)<span class=\"_ _cb\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d\ue61c)Net balance sheet position<span class=\"_ _1b8\"> </span>674<span class=\"_ _184\"> </span>14<span class=\"_ _ae\"> </span>688<span class=\"_ _1a5\"> </span>503<span class=\"_ _184\"> </span>10<span class=\"_ _4d\"> </span>513\ue61b\ue61c%<span class=\"_ _a4\"> </span>\ue61b\ue61c%December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _1c0\"> </span><span class=\"ffc\">December 31, 2022</span>Belgium/ Belgium/ Other Other Germany/ TOT<span class=\"_ _0\"></span>ALGermany/ TOT<span class=\"_ _0\"></span>ALcountriescountriesMILLION EUROUK/USUK/USDe\ue614ned contribution plans - net premiums and taxes<span class=\"_ _a2\"> </span>\ue616<span class=\"_ _232\"> </span>\ue616<span class=\"_ _188\"> </span>\ue61c<span class=\"_ _f8\"> </span>\ue616<span class=\"_ _232\"> </span>\ue616<span class=\"_ _188\"> </span>\ue61bPost-employment de\ue614ned bene\ue614t plans - current service  \ue61f\ue616<span class=\"_ _233\"> </span>\ue610-\ue610<span class=\"_ _99\"> </span>\ue61f\ue616<span class=\"_ _1a2\"> </span>\ue61d\ue61b<span class=\"_ _233\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61f\ue61e&amp; administrative costPost-employment de\ue614ned bene\ue614t plans - past service cost (gain)<span class=\"_ _94\"> </span>-<span class=\"_ _91\"> </span>(\ue61d)<span class=\"_ _99\"> </span>(\ue61d)<span class=\"_ _b2\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _a1\"> </span>-Post-employment de\ue614ned bene\ue614t plans - loss (gains) on settlements<span class=\"_ _195\"> </span>-<span class=\"_ _57\"> </span>(\ue616)<span class=\"_ _99\"> </span>(\ue616)<span class=\"_ _b2\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _1c5\"> </span>-Belgian de\ue614ned contribution plans with return guaranteed by law<span class=\"_ _16d\"> </span>\ue61b<span class=\"_ _ac\"> </span>-<span class=\"_ _188\"> </span>\ue61b<span class=\"_ _1a2\"> </span>\ue61d\ue618<span class=\"_ _cb\"> </span>-<span class=\"_ _60\"> </span>\ue61d\ue617Expenses related to post-employment bene\ue615ts, included in EBIT<span class=\"_ _c9\"> </span>37<span class=\"_ _a0\"> </span>(1)<span class=\"_ _60\"> </span>36<span class=\"_ _1a2\"> </span>39<span class=\"_ _234\"> </span>5<span class=\"_ _60\"> </span>44Net interest cost related to post-employment bene\ue615ts, including 8<span class=\"_ _cb\"> </span>-<span class=\"_ _1bc\"> </span>8<span class=\"_ _f8\"> </span>8<span class=\"_ _cb\"> </span>-<span class=\"_ _188\"> </span>8administrative costs of closed DB-plansT<span class=\"_ _2\"></span>otal expenses related to post-employment bene\ue615ts<span class=\"_ _a2\"> </span>45<span class=\"_ _25\"> </span>(1)<span class=\"_ _1f3\"> </span>44<span class=\"_ _1a2\"> </span>47<span class=\"_ _233\"> </span>5<span class=\"_ _8b\"> </span>52In Sweden,<span class=\"_ _0\"></span> the Company<span class=\"_ _0\"></span> transferr<span class=\"_ _0\"></span>ed out its pension liabilities in the course of Q1 20<span class=\"_ _0\"></span>21 to an insurance comp<span class=\"_ _0\"></span>any r<span class=\"_ _0\"></span>esulting in a one-time cash-out of 16 million Euro and a one-time gain of 5 million E<span class=\"_ _0\"></span>uro.<span class=\"_ _2\"></span> \ue618e transf<span class=\"_ _0\"></span>er of the Swedish pension pl<span class=\"_ _0\"></span>an to an external insur<span class=\"_ _0\"></span>er mainly e<span class=\"_ _0\"></span>xplains the evolution of the pension liabilities f<span class=\"_ _0\"></span>or the Groups non-m<span class=\"_ _0\"></span>aterial countries for<span class=\"_ _0\"></span> the year<span class=\"_ _2\"></span> to December 31, 20<span class=\"_ _0\"></span>21.  \ue618e evolution of the pension liabilities for<span class=\"_ _2\"></span> the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s material countries is e<span class=\"_ _0\"></span>xplained in section 13.2.13.<span class=\"_ _2\"></span>1 De\ue61fned contribution plans\ue618e Agfa-Gev<span class=\"_ _2\"></span>aert Group companies<span class=\"_ _0\"></span>\u2019 contributions to publicly or<span class=\"_ _2\"></span> privately administer<span class=\"_ _0\"></span>ed de\ue615ned contribution pension funds or ins<span class=\"_ _0\"></span>urance contr<span class=\"_ _0\"></span>acts totaled 9 million Eur<span class=\"_ _0\"></span>o in 202<span class=\"_ _0\"></span>2 (8 million Euro in 20<span class=\"_ _0\"></span>21) of which 4 million E<span class=\"_ _0\"></span>uro rela<span class=\"_ _0\"></span>tes to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries (4 million Eur<span class=\"_ _0\"></span>o in 2021<span class=\"_ _0\"></span>). Once the contributions hav<span class=\"_ _0\"></span>e been paid, the Gr<span class=\"_ _0\"></span>oup companies ha<span class=\"_ _0\"></span>ve no further p<span class=\"_ _0\"></span>ayment obligation.<span class=\"_ _2\"></span> \ue618e regular<span class=\"_ _2\"></span> contributions constitute an expense for the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> in which they are due<span class=\"_ _2\"></span>.De\ue615ned contribution plans in Belgium are f<span class=\"_ _0\"></span>or the purpose of the IFRS accounting tr<span class=\"_ _0\"></span>eatment not consider<span class=\"_ _0\"></span>ed as de\ue615ned contribution plans but instea<span class=\"_ _0\"></span>d as de\ue615ned bene\ue615t plans. Mor<span class=\"_ _0\"></span>e information on these plans is pr<span class=\"_ _0\"></span>ovided her<span class=\"_ _0\"></span>eafter<span class=\"_ _2\"></span>.13.2 De\ue61fned bene\ue61ft plans13.2.<span class=\"_ _2\"></span>1 Belgian de\ue61fned contribution plans with return guaranteed by lawBelgian \u2018De\ue615ne<span class=\"_ _0\"></span>d Contribution<span class=\"_ _2\"></span>\u2019 plans are s<span class=\"_ _0\"></span>ubject to the Occupational P<span class=\"_ _2\"></span>ensions Act of April 2003. In a<span class=\"_ _0\"></span>ccordance w<span class=\"_ _0\"></span>ith article 24 of the Occupational P<span class=\"_ _2\"></span>ensions Act, a\ue616liated persons ar<span class=\"_ _0\"></span>e entitled to a guar<span class=\"_ _0\"></span>anteed return w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to contributions made by the or<span class=\"_ _0\"></span>ganizer<span class=\"_ _0\"></span> of the plan and by the employ<span class=\"_ _0\"></span>ee.<span class=\"_ _2\"></span> Until December 31, 201<span class=\"_ _0\"></span>5, the minimum guar<span class=\"_ _2\"></span>anteed return amount<span class=\"ws1\">-</span>ed to 3.25% on employer<span class=\"_ _2\"></span> contributions and of 3.75% on employ<span class=\"_ _0\"></span>ee contributions.\ue618e Act of December 18,<span class=\"_ _2\"></span> 2015, which entered into f<span class=\"_ _0\"></span>orce on January 1, 2<span class=\"_ _0\"></span>016, h<span class=\"_ _0\"></span>as introduced sever<span class=\"_ _2\"></span>al amendments to the Act of April 28, 200<span class=\"_ _0\"></span>3. As of January 1,<span class=\"_ _0\"></span> 2016,<span class=\"_ _2\"></span> the guaranteed return is aligned <span class=\"_ _0\"></span>with the percentage (<span class=\"_ _0\"></span>65%) of the aver<span class=\"_ _0\"></span>age return on June 1 over<span class=\"_ _2\"></span> the last 24 months of Belgian State linear<span class=\"_ _0\"></span> bonds (\u2018OLOs<span class=\"_ _2\"></span>\u2019) with a maturity of 10 ye<span class=\"_ _2\"></span>ars, with a minimum of 1.<span class=\"_ _0\"></span>75% and a maximum of 3.<span class=\"_ _0\"></span>75%. <span class=\"_ _0\"></span>As of 2016,<span class=\"_ _0\"></span> the return guar<span class=\"_ _0\"></span>anteed by la<span class=\"_ _0\"></span>w is set at 1.<span class=\"_ _2\"></span>75% and applies to both personal contributions made by the emplo<span class=\"_ _0\"></span>yee and contributions made b<span class=\"_ _0\"></span>y the employer<span class=\"_ _2\"></span>.With r<span class=\"_ _0\"></span>egard to the application of the guar<span class=\"_ _2\"></span>anteed return in case of modi\ue615cation of the interest ra<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> the Act of December<span class=\"_ _0\"></span> 18, 201<span class=\"_ _0\"></span>5 introduced the \u2018<span class=\"_ _0\"></span>horizontal method<span class=\"_ _2\"></span>\u2019 applicable for all ins<span class=\"_ _0\"></span>ured plans w<span class=\"_ _0\"></span>hich guarantee a \ue615x<span class=\"_ _0\"></span>ed return up to the retir<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>ment age (so-called Br<span class=\"_ _2\"></span>anch 21 insured products) and the <span class=\"_ _0\"></span>\u2018vertical method<span class=\"_ _2\"></span>\u2019 in all other situations.<span class=\"_ _0\"></span> W<span class=\"_ _0\"></span>ithin our Belgi<span class=\"_ _0\"></span>an group companies, all ins<span class=\"_ _0\"></span>ured pension plans are m<span class=\"_ _0\"></span>anaged v<span class=\"_ _0\"></span>ia \u2018Br<span class=\"_ _2\"></span>anch 21\u2019<span class=\"_ _0\"></span> insured products.\ue618e application of the \u2018horiz<span class=\"_ _0\"></span>ontal method<span class=\"_ _0\"></span>\u2019 is comp<span class=\"_ _0\"></span>arable to a \ue615x<span class=\"_ _0\"></span>ed-rate term deposit a<span class=\"_ _0\"></span>ccount. <span class=\"_ _2\"></span>\ue618e previous interest r<span class=\"_ _0\"></span>ate is applicable until exit,<span class=\"_ _0\"></span> retirement or<span class=\"_ _2\"></span> abolition of the pension engagement <span class=\"ws1\">\ue6a0</span> whichever<span class=\"_ _0\"></span> occurs \ue615rst <span class=\"ws1\">\ue6a0</span> to the contributions due on the basis of the plan rules befor<span class=\"_ _0\"></span>e the modi\ue615cation. <span class=\"_ _2\"></span>\ue618e new interest rate is then applica<span class=\"_ _0\"></span>ble to contributions due on the basis of the plan rules from the modi\ue615ca<span class=\"_ _0\"></span>tion onw<span class=\"_ _0\"></span>ards until the \ue615rst of the afor<span class=\"_ _0\"></span>ementioned occurrences.\ue618erefore<span class=\"_ _2\"></span>, for all of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s de\ue615ned contribution plans with return guar<span class=\"_ _2\"></span>anteed by law<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the minimum return of 3.25% (employ<span class=\"_ _0\"></span>er contributions) and 3.<span class=\"_ _2\"></span>75% (employ<span class=\"_ _0\"></span>ee contributions) still apply for<span class=\"_ _2\"></span> contributions made until December 31, 201<span class=\"_ _0\"></span>5. For<span class=\"_ _2\"></span> these contributions, a\ue616liated persons are entitled to a<span class=\"_ _0\"></span>t least a return of 3.25%/<span class=\"_ _2\"></span>3.<span class=\"_ _0\"></span>75% until retir<span class=\"_ _0\"></span>ement age (or<span class=\"_ _0\"></span> exit/<span class=\"_ _2\"></span>aboli<span class=\"ws1\">-</span>tion of the pension engagement).<span class=\"_ _2\"></span> For contributions ma<span class=\"_ _0\"></span>de as from 2016,<span class=\"_ _2\"></span> the employer is committed to a minimum r<span class=\"_ _0\"></span>eturn of 1.<span class=\"_ _0\"></span>75% until occurrence of retirement ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, exit or<span class=\"_ _2\"></span> abolition of the pension engagement.As insurance comp<span class=\"_ _0\"></span>anies apply technical interest r<span class=\"_ _2\"></span>ates <span class=\"ws1\">\ue6a0</span> i.e.<span class=\"_ _2\"></span> agreed interest ra<span class=\"_ _0\"></span>tes excluding pr<span class=\"_ _0\"></span>o\ue615t-sharing <span class=\"ws1\">\ue6a0</span> below the min<span class=\"ws1\">-</span>imum return guar<span class=\"_ _2\"></span>anteed by law<span class=\"_ _2\"></span>, not all actu<span class=\"_ _0\"></span>arial and inv<span class=\"_ _0\"></span>estment risks rel<span class=\"_ _0\"></span>ating to these insured pl<span class=\"_ _0\"></span>ans are tr<span class=\"_ _0\"></span>ansferred to the insurance comp<span class=\"_ _0\"></span>any man<span class=\"_ _0\"></span>aging the plans. <span class=\"_ _2\"></span>\ue618erefore these plans do not meet the de\ue615nition of de\ue615ned contribution plans under IFRS and ar<span class=\"_ _0\"></span>e by def<span class=\"_ _0\"></span>ault classi\ue615ed and me<span class=\"_ _0\"></span>asured as de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans. In Belgium,<span class=\"_ _0\"></span> the DC-plans comprise pension plans, gr<span class=\"_ _0\"></span>oup insurance plans and bonus pension pl<span class=\"_ _0\"></span>ans. <span class=\"_ _2\"></span>\ue618e net liability at December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 amounted to 10 million Euro (2021: 5 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> \ue618e total de\ue615ned bene\ue615t cost for<span class=\"_ _0\"></span> Belgian de\ue615ned contribution plans r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss for 202<span class=\"_ _0\"></span>2, amounted to 1<span class=\"_ _0\"></span>5 million Euro (20<span class=\"_ _2\"></span>21: 9 million Euro) or an incr<span class=\"_ _0\"></span>ease of 6 million Eur<span class=\"_ _0\"></span>o mainly explained b<span class=\"_ _0\"></span>y the higher<span class=\"_ _0\"></span> employee bonuses aw<span class=\"_ _0\"></span>arded o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the 2021 service y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> and paid into the plan in 20<span class=\"_ _0\"></span>22.Except for<span class=\"_ _2\"></span> a group insurance plan for<span class=\"_ _0\"></span> managers and e<span class=\"_ _0\"></span>xecutives,<span class=\"_ _0\"></span> all DC-plans are fully<span class=\"_ _0\"></span> \ue615nanced by emplo<span class=\"_ _0\"></span>yer contributions.<span class=\"_ _2\"></span> In 2022,<span class=\"_ _2\"></span> the annual employer contributions amounted in total <span class=\"_ _0\"></span>to 15 million Euro (2<span class=\"_ _0\"></span>021: 8 million Eur<span class=\"_ _0\"></span>o). <span class=\"_ _2\"></span>\ue618e Group expects a similar contribution amount in 2<span class=\"_ _0\"></span>023.13.2.2 De\ue61fned bene\ue61ft plans excluding de\ue61fned contribution plans with return guaranteed by law\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s post-employment de\ue615ned bene\ue615t plans prim<span class=\"_ _0\"></span>arily rela<span class=\"_ _0\"></span>te to retirement bene\ue615ts.\ue618e Group P<span class=\"_ _2\"></span>ension Committee, cr<span class=\"_ _0\"></span>eated as a subcommittee of the Ex<span class=\"_ _0\"></span>ecutive Committee (Ex<span class=\"_ _0\"></span>co) of the Group assists the Exco in the ov<span class=\"_ _0\"></span>ersight and supervision of the di\ue614erent pension plans and other<span class=\"_ _2\"></span> post-employment arrang<span class=\"_ _0\"></span>ements that exist within the Group<span class=\"_ _2\"></span>.\ue618e Committee advises the Ex<span class=\"_ _0\"></span>co on bene\ue615t plan design matters such as amendment to or<span class=\"_ _2\"></span> termination <span class=\"ws1\">\ue6a0</span> in whole or in part \ue6a0<span class=\"ws2a\"> of the bene\ue615t plans and their r<span class=\"_ _0\"></span>espective funding arr<span class=\"_ _0\"></span>angements.<span class=\"_ _0\"></span> Next to pro<span class=\"_ _0\"></span>viding adv<span class=\"_ _0\"></span>ice to the Exco<span class=\"_ _0\"></span>, the Group P<span class=\"_ _2\"></span>ension </span>Comm<span class=\"_ _22\"></span>itt<span class=\"_ _22\"></span>ee <span class=\"_ _22\"></span>is a<span class=\"_ _22\"></span>lso<span class=\"_ _22\"></span> responsible for a<span class=\"_ _0\"></span>dvising local manag<span class=\"_ _0\"></span>ement <span class=\"ls1 ws1\">\ue6a0</span> i.e<span class=\"_ _2\"></span>. local management of the pension funds as w<span class=\"_ _0\"></span>ell as local management <span class=\"_ _0\"></span>of the sponsoring employe<span class=\"_ _22\"></span>rs o<span class=\"_ _22\"></span>f th<span class=\"_ _22\"></span>e be<span class=\"_ _22\"></span>ne\ue615<span class=\"_ _22\"></span>t pla<span class=\"_ _22\"></span>ns <span class=\"ls1 ws1\">\ue6a0<span class=\"ws17\"> in ful\ue615lling their responsibilities in r<span class=\"_ _0\"></span>elation to pension </span></span>matters.\ue618e Group P<span class=\"_ _2\"></span>ension Committee has set a strategic asset allocation f<span class=\"_ _0\"></span>or its major<span class=\"_ _2\"></span> plans that are \ue615nanced throug<span class=\"_ _0\"></span>h a separa<span class=\"_ _0\"></span>te pension fund. <span class=\"_ _2\"></span>\ue618e committee reviews the asset allocation targ<span class=\"_ _0\"></span>ets regularly to ens<span class=\"_ _0\"></span>ure that they r<span class=\"_ _0\"></span>emain appropriate to the pension fund liability pr<span class=\"_ _0\"></span>o\ue615les. F<span class=\"_ _2\"></span>or the management of the plan assets,<span class=\"_ _0\"></span> the Group P<span class=\"_ _2\"></span>ension Committee is assisted by the Group P<span class=\"_ _2\"></span>ension Investment Committee<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e Group Pension In<span class=\"_ _0\"></span>vestment Committee has is<span class=\"_ _0\"></span>sued a Group In<span class=\"_ _0\"></span>vestment Guide<span class=\"ws1\">-</span>line which w<span class=\"_ _2\"></span>as approved by the Gr<span class=\"_ _0\"></span>oup P<span class=\"_ _0\"></span>ension Committee.<span class=\"_ _2\"></span> \ue618e Group P<span class=\"_ _2\"></span>ension Committee monitors the proper applica<span class=\"ws1\">-</span>tion of this guideline<span class=\"_ _0\"></span>.\ue618e Group<span class=\"_ _0\"></span>, through its Gr<span class=\"_ _0\"></span>oup P<span class=\"_ _0\"></span>ension Committee<span class=\"_ _0\"></span>, inv<span class=\"_ _0\"></span>estigates lia<span class=\"_ _0\"></span>bility reduction solutions and seek<span class=\"_ _0\"></span>s to de-risk the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s post-employment bene\ue615t lia<span class=\"_ _0\"></span>bilities. In recent y<span class=\"_ _0\"></span>ears,<span class=\"_ _0\"></span> the Group P<span class=\"_ _2\"></span>ension Committee has proposed di\ue614erent me<span class=\"_ _0\"></span>a<span class=\"ws1\">-</span>sures that h<span class=\"_ _0\"></span>ave been re<span class=\"_ _2\"></span>alized, among which the closur<span class=\"_ _0\"></span>e of the \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019 for<span class=\"_ _0\"></span> new managers enterin<span class=\"_ _0\"></span>g as from January 2019, the o\ue614<span class=\"_ _0\"></span>er in December<span class=\"_ _0\"></span> 2018 to tr<span class=\"_ _0\"></span>ansfer to a thir<span class=\"_ _0\"></span>d party insur<span class=\"_ _0\"></span>er a certain portion of the bene\ue615ts built under<span class=\"_ _0\"></span> the Agfa UK P<span class=\"_ _2\"></span>ension Plan and a terminated vested cash-out pr<span class=\"_ _0\"></span>oject for the <span class=\"_ _0\"></span>Agfa Corpor<span class=\"_ _2\"></span>ation Pension Plan launche<span class=\"_ _0\"></span>d in 2018. In 2019, an annuit<span class=\"_ _0\"></span>y purchase project h<span class=\"_ _0\"></span>as taken place f<span class=\"_ _0\"></span>or the pensioners of the Agf<span class=\"_ _0\"></span>a Corpora<span class=\"_ _0\"></span>tion P<span class=\"_ _0\"></span>ension Plan. In 20<span class=\"_ _0\"></span>20,<span class=\"_ _0\"></span> the de-risking activities continued <span class=\"_ _0\"></span>with a terminated <span class=\"_ _0\"></span>vested cash-out,<span class=\"_ _0\"></span> an annuity placement on r<span class=\"_ _0\"></span>etirees and an age 59.5 in-ser<span class=\"_ _2\"></span><span class=\"ws1\">-</span>vice distributions for<span class=\"_ _2\"></span> the Agfa Corpora<span class=\"_ _0\"></span>tion Pension Pl<span class=\"_ _0\"></span>an. In 2021,<span class=\"_ _0\"></span> the Agfa UK P<span class=\"_ _2\"></span>ension Plan has bought an annuity buy<span class=\"_ _0\"></span>-in contract b<span class=\"_ _0\"></span>acking 70% of the pensioner<span class=\"_ _0\"></span> liabilities of the plan, and in 20<span class=\"_ _2\"></span>22 a second annuity buy-in w<span class=\"_ _0\"></span>as completed cov<span class=\"_ _0\"></span>ering the remaining pensioner<span class=\"_ _2\"></span> liabilities and the majority of the deferred member<span class=\"_ _2\"></span> liabilities. Under these bu<span class=\"_ _0\"></span>y-in policies purchase<span class=\"_ _0\"></span>d from insurers,<span class=\"_ _0\"></span> an up-front premium is p<span class=\"_ _0\"></span>aid by the Scheme at the time of the transaction af<span class=\"_ _0\"></span>ter which the ins<span class=\"_ _0\"></span>urer<span class=\"_ _0\"></span> pays the Scheme the bene\ue615ts due to members as they f<span class=\"_ _0\"></span>all due.<span class=\"_ _2\"></span> \ue618e income the Scheme receives fr<span class=\"_ _0\"></span>om the insurers matches the outg<span class=\"_ _0\"></span>oing pay<span class=\"_ _0\"></span>ment due to members, due to which the Scheme is protected against the risk<span class=\"_ _0\"></span> of havin<span class=\"_ _0\"></span>g insu\ue616cient assets to meet its liabilities in the futur<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> Management of the Group has concluded tha<span class=\"_ _0\"></span>t the impact of the transa<span class=\"_ _0\"></span>ction is to be trea<span class=\"_ _0\"></span>ted as an asset reme<span class=\"_ _0\"></span>asurement loss w<span class=\"_ _0\"></span>ith the impact going throug<span class=\"_ _0\"></span>h Other Compr<span class=\"_ _0\"></span>ehensive Income<span class=\"_ _2\"></span>. \ue618is conclusion is b<span class=\"_ _0\"></span>ased on the substance of the transa<span class=\"_ _0\"></span>ction being a change in inves<span class=\"_ _0\"></span>tment strategy<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is conclusion is also supported by the decision of both the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management and the trustees of the UK pension plan not to buy-out/<span class=\"_ _2\"></span>wind up the plan, at le<span class=\"_ _0\"></span>ast for<span class=\"_ _0\"></span> the coming four <span class=\"_ _0\"></span>years.<span class=\"_ _0\"></span> \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s major de\ue615ne<span class=\"_ _0\"></span>d bene\ue615t plans gener<span class=\"_ _0\"></span>ally prov<span class=\"_ _0\"></span>ide bene\ue615ts that are r<span class=\"_ _0\"></span>elated to an emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s remuner<span class=\"_ _2\"></span>ation and years of service<span class=\"_ _2\"></span>. \ue618eir<span class=\"_ _2\"></span> characteristics and associate<span class=\"_ _0\"></span>d risks are e<span class=\"_ _0\"></span>xplained in more detail here<span class=\"_ _2\"></span>after<span class=\"_ _0\"></span>.BelgiumIn Belgium, the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation relates m<span class=\"_ _0\"></span>ainly to \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019 that is \ue615n<span class=\"_ _0\"></span>anced through contributions paid to an external Or<span class=\"_ _0\"></span>ganization for<span class=\"_ _0\"></span> Financing P<span class=\"_ _2\"></span>ensions (OFP). \ue618is fund h<span class=\"_ _0\"></span>as the duty to foresee the p<span class=\"_ _0\"></span>ayments of the pen<span class=\"ws1\">-</span>sions promised by<span class=\"_ _0\"></span> its participating emplo<span class=\"_ _0\"></span>yers,<span class=\"_ _0\"></span> being Agfa-Gev<span class=\"_ _2\"></span>aert NV<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Agfa NV<span class=\"_ _0\"></span> and Agfa O\ue614set B<span class=\"_ _2\"></span>V to the bene\ue615ciaries of the plan. As of January 1, 2019,<span class=\"_ _0\"></span> the \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019 w<span class=\"_ _2\"></span>as closed for new manag<span class=\"_ _0\"></span>ers of the Group.<span class=\"_ _2\"></span> For the <span class=\"_ _0\"></span>\u2018F<span class=\"_ _0\"></span>abriekspensioen<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>, the plan participants ar<span class=\"_ _0\"></span>e eligible for<span class=\"_ _0\"></span> a bene\ue615t based on a last <span class=\"_ _0\"></span>yearly income f<span class=\"_ _0\"></span>ormula. As this f<span class=\"_ _0\"></span>unded pension plan is still open to future accru<span class=\"_ _0\"></span>als and new entrants e<span class=\"_ _0\"></span>xcept for<span class=\"_ _0\"></span> managers,<span class=\"_ _0\"></span> the plan exposes the Comp<span class=\"_ _0\"></span>any to a salary incr<span class=\"_ _0\"></span>ease risk, ne<span class=\"_ _0\"></span>xt to an interest r<span class=\"_ _0\"></span>ate risk, an in<span class=\"_ _0\"></span>vestment risk<span class=\"_ _0\"></span> and a longevity<span class=\"_ _0\"></span> risk. Although this pl<span class=\"_ _0\"></span>an has been set up as an annuity plan,<span class=\"_ _0\"></span> more than 95% of the members choose to take their<span class=\"_ _0\"></span> bene\ue615t as a lump sum pension payment a<span class=\"_ _0\"></span>t retirement ag<span class=\"_ _0\"></span>e.\ue618e legal and regula<span class=\"_ _0\"></span>tory framework<span class=\"_ _0\"></span> for the <span class=\"_ _0\"></span>\u2018F<span class=\"_ _0\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> is based on the applicable Belgi<span class=\"_ _0\"></span>an law<span class=\"_ _2\"></span>, i.<span class=\"_ _2\"></span>e. the la<span class=\"_ _0\"></span>w of October 2<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span> 2006 on the supervision of institutions for<span class=\"_ _0\"></span> occupational retir<span class=\"_ _0\"></span>ement prov<span class=\"_ _0\"></span>ision and the law on supplementary pensions (W<span class=\"_ _2\"></span>AP), applicable as fr<span class=\"_ _0\"></span>om January 1, 2004.<span class=\"_ _2\"></span> Based on this legislation a funding v<span class=\"_ _0\"></span>aluation is prep<span class=\"_ _0\"></span>ared annually<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e valu<span class=\"_ _0\"></span>ation method, used to determine the contributions to the Belgi<span class=\"_ _0\"></span>an OFP<span class=\"_ _1\"></span>, is the \u2018<span class=\"_ _2\"></span>aggregate cost method<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.\ue618e contribution, accor<span class=\"_ _0\"></span>ding to the calculation method de\ue615ned in the \ue615nancin<span class=\"_ _0\"></span>g plan, is e<span class=\"_ _0\"></span>xpressed as an annual \ue615x<span class=\"_ _0\"></span>ed per<span class=\"ws1\">-</span>centage of pay<span class=\"_ _0\"></span>roll in order<span class=\"_ _2\"></span> to \ue615nance the total service liability<span class=\"_ _2\"></span>. Accor<span class=\"_ _0\"></span>ding to the latest a<span class=\"_ _0\"></span>ctuarial v<span class=\"_ _0\"></span>aluation report on the Belgian OFP<span class=\"_ _1\"></span>, dated January 20<span class=\"_ _0\"></span>22, the Long <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>erm Prov<span class=\"_ _0\"></span>ision funding r<span class=\"_ _0\"></span>atio w<span class=\"_ _0\"></span>as 120% (2021: 11<span class=\"_ _0\"></span>6.86%).\ue618e Board of Dir<span class=\"_ _0\"></span>ectors of the \u2018P<span class=\"_ _0\"></span>ensioenfonds Agf<span class=\"_ _0\"></span>a-Geva<span class=\"_ _0\"></span>ert OFP\u2019 bears the ultim<span class=\"_ _0\"></span>ate responsibility f<span class=\"_ _0\"></span>or the manag<span class=\"_ _0\"></span>ement of the assets and liabilities of the \u2018F<span class=\"_ _2\"></span>abriekspensioenplan<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618ey have delegated in<span class=\"_ _0\"></span>vestment o<span class=\"_ _0\"></span>versight of the plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s assets to the Local Investment C<span class=\"_ _0\"></span>ommittee who in turn opera<span class=\"_ _0\"></span>tes within the fr<span class=\"_ _0\"></span>amework set b<span class=\"_ _0\"></span>y the Group P<span class=\"_ _2\"></span>ension Committee. <span class=\"_ _2\"></span>\ue618e Statement of Inves<span class=\"_ _0\"></span>tments Principles (SIP), prep<span class=\"_ _0\"></span>ared b<span class=\"_ _0\"></span>y the Local Investment C<span class=\"_ _0\"></span>ommittee in accordance w<span class=\"_ _0\"></span>ith the Group In<span class=\"ws1\">-</span>vestment Guidelines,<span class=\"_ _0\"></span> has been formally r<span class=\"_ _2\"></span>ati\ue615ed at the Extraor<span class=\"_ _0\"></span>dinary General Meeting of the <span class=\"_ _0\"></span>\u2018P<span class=\"_ _0\"></span>ensioenfonds Agf<span class=\"_ _0\"></span>a-Gevaert OFP\u2019 on January 31,<span class=\"_ _0\"></span> 2020<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e Local Investment Committee needs to ensur<span class=\"_ _0\"></span>e that plan assets ar<span class=\"_ _0\"></span>e investe<span class=\"_ _0\"></span>d e\ue614ectively and prudently<span class=\"_ _2\"></span>, in full compli<span class=\"_ _0\"></span>ance with all applicable la<span class=\"_ _0\"></span>ws, and for<span class=\"_ _2\"></span> the bene\ue615t of<span class=\"_ _22\"></span> plan particip<span class=\"_ _0\"></span>ants and bene\ue615ciaries.GermanyIn Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> no legal or r<span class=\"_ _0\"></span>egulatory minimum funding r<span class=\"_ _0\"></span>equirements apply<span class=\"_ _2\"></span>, and as such the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s German de\ue615ned bene\ue615t retirement plans ar<span class=\"_ _0\"></span>e all unfunded plans.\ue618e German pension plans include a basic plan r<span class=\"_ _0\"></span>elated to pension r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant salary up to the Social Security Ceiling (S<span class=\"_ _0\"></span>SC) and a supplementary plan coverin<span class=\"_ _0\"></span>g bene\ue615ts attributed on pension relev<span class=\"_ _2\"></span>ant salary above the Social Security Ceilin<span class=\"_ _0\"></span>g. <span class=\"_ _2\"></span>Ad<span class=\"ws1\">-</span>ditionally<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span>Agfa is obliged to pr<span class=\"_ _0\"></span>ovide pension plans a<span class=\"_ _0\"></span>ccording to the Collectiv<span class=\"_ _0\"></span>e Labor <span class=\"_ _0\"></span>Agreement (CLA) regul<span class=\"_ _0\"></span>ation of the Chemical Sector<span class=\"_ _2\"></span>.In Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> we ha<span class=\"_ _0\"></span>ve two main pension pl<span class=\"_ _0\"></span>ans: the \u2018<span class=\"_ _2\"></span>old pension plan<span class=\"_ _2\"></span>\u2019 that w<span class=\"_ _2\"></span>as closed to new entries as from 2005 and the \u2018<span class=\"_ _0\"></span>new pension plan<span class=\"_ _2\"></span>\u2019 applicable to emplo<span class=\"_ _0\"></span>yees joining as from 2005.<span class=\"_ _2\"></span> \ue618e \u2018<span class=\"_ _2\"></span>old pension plan<span class=\"_ _2\"></span>\u2019 w<span class=\"_ _2\"></span>as closed to future bene\ue615t ac<span class=\"ws1\">-</span>crual as of December 31,<span class=\"_ _2\"></span> 2009 and the participating employ<span class=\"_ _0\"></span>ees joined the \u2018<span class=\"_ _2\"></span>new pension plan<span class=\"_ _2\"></span>\u2019 for futur<span class=\"_ _0\"></span>e bene\ue615t accrual on enhanced bene\ue615t terms. Both pl<span class=\"_ _0\"></span>ans comprise a basic and a supplementary plan.Under the <span class=\"ff11 ws1\">\u2018</span>old pension pl<span class=\"_ _0\"></span>an<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>, the basic plan is manag<span class=\"_ _0\"></span>ed by the Ba<span class=\"_ _0\"></span>yer P<span class=\"_ _2\"></span>ensionskasse (Penka<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618e Bayer P<span class=\"_ _2\"></span>ensionskasse is a multi-employer<span class=\"_ _2\"></span> plan accounted for as if it wer<span class=\"_ _0\"></span>e a de\ue615ned contribution plan (IAS 19.34 (<span class=\"_ _2\"></span>a)). <span class=\"_ _0\"></span>\ue618e plan is a de\ue615ned bene\ue615t plan under contr<span class=\"_ _0\"></span>ol of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s former p<span class=\"_ _0\"></span>arent compan<span class=\"_ _0\"></span>y Bay<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>AG.<span class=\"_ _0\"></span> It is accounted for<span class=\"_ _0\"></span> as a de\ue615ned contribution plan as the Group has no right to obtain the necessary da<span class=\"_ _0\"></span>ta for de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>an accounting.<span class=\"_ _0\"></span> In case of a de\ue615cit, this plan ma<span class=\"_ _0\"></span>y expose the Group to in<span class=\"_ _0\"></span>vestment and actuari<span class=\"_ _0\"></span>al risk. <span class=\"_ _2\"></span>\ue618e Group however<span class=\"_ _0\"></span> considers these risks insigni\ue615cant.<span class=\"_ _0\"></span> From 2004 onw<span class=\"_ _2\"></span>ards, Agf<span class=\"_ _0\"></span>a has been responsible for<span class=\"_ _0\"></span> adjustments to the pension pa<span class=\"_ _0\"></span>yments processed b<span class=\"_ _0\"></span>y the Bay<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>ensionskasse in accordance <span class=\"_ _0\"></span>with Sec. 16<span class=\"_ _0\"></span>, 1 and 2 of the German P<span class=\"_ _2\"></span>ension Act (BetrA<span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>G \u2013 Betriebsrentengesetz).<span class=\"_ _0\"></span> \ue618e b<span class=\"_ _0\"></span>ase pension including the adjustments processe<span class=\"_ _0\"></span>d according to the afor<span class=\"_ _0\"></span>ementioned legal reg<span class=\"_ _0\"></span>ulations up until 2003 ar<span class=\"_ _0\"></span>e paid by the P<span class=\"_ _2\"></span>enka directly<span class=\"_ _2\"></span>. Consequently<span class=\"_ _2\"></span>, the de\ue615ned bene\ue615t li<span class=\"_ _0\"></span>ability disclosed in A<span class=\"_ _0\"></span>gfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s accounts in respect of this basic plan sole<span class=\"_ _0\"></span>ly relate to the pos<span class=\"_ _0\"></span>t-2003 adjustments to the pension p<span class=\"_ _0\"></span>ayments.\ue618e bene\ue615ts accrued under<span class=\"_ _0\"></span> the supplementary plan are accounted f<span class=\"_ _0\"></span>or as a de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>an. <span class=\"_ _2\"></span>\ue618ey are based on \u2018<span class=\"_ _2\"></span>contri<span class=\"ws1\">-</span>(1)butions\u2019 calculated as a \ue615xe<span class=\"_ _0\"></span>d percentage of pensionable salary abo<span class=\"_ _0\"></span>ve the SSC.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618en, an age independent f<span class=\"_ _0\"></span>actor<span class=\"_ _0\"></span> is used for (1)convertin<span class=\"_ _0\"></span>g those \u2018contributions<span class=\"_ _2\"></span>\u2019 into individual pension entitlements.\ue618e <span class=\"_ _22\"></span><span class=\"ff11\">\u2018</span><span class=\"wsaf\">new pension plan<span class=\"_ _2\"></span>\u2019 includes a b<span class=\"_ _0\"></span>asic pension plan, i.<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>. bene\ue615ts entitlements on pensionable sal<span class=\"_ _0\"></span>ary up to the SSC, and </span>a supplementary pension plan accruing bene\ue615ts on pensiona<span class=\"_ _0\"></span>ble salary above the S<span class=\"_ _0\"></span>SC. <span class=\"_ _2\"></span>\ue618e basic plan is funded through contributions paid to the Rheinische P<span class=\"_ _2\"></span>ensionskasse. Emplo<span class=\"_ _0\"></span>yees contribute to the Rheinische P<span class=\"_ _0\"></span>ensionskasse by deferr<span class=\"_ _0\"></span>ed compensation. Once the contributions ha<span class=\"_ _0\"></span>ve been paid to the Rheinische P<span class=\"_ _2\"></span>ensionskasse,<span class=\"_ _0\"></span> in principle the group companies have no f<span class=\"_ _0\"></span>urther pa<span class=\"_ _0\"></span>yment obligation.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is plan is consequently accounted for<span class=\"_ _2\"></span> as a de\ue615ned contribution plan. <span class=\"_ _0\"></span>\ue618e new sup<span class=\"ws1\">-</span>plementary plan, which is a<span class=\"_ _0\"></span>ccounted for on the b<span class=\"_ _0\"></span>alance sheet as a direct pension commitment,<span class=\"_ _0\"></span> has no upper ceilin<span class=\"_ _0\"></span>g for pensionable salary<span class=\"_ _2\"></span>.(1)\ue618e bene\ue615ts accrued under<span class=\"_ _0\"></span> the supplementary plan are base<span class=\"_ _0\"></span>d on \u2018<span class=\"_ _2\"></span>contributions\u2019 calculated as a \ue615xe<span class=\"_ _0\"></span>d percentage of pen<span class=\"ws1\">-</span>(1)sionable salary abov<span class=\"_ _0\"></span>e the SSC. In contr<span class=\"_ _2\"></span>ast to the old pension plan, \u2018<span class=\"_ _2\"></span>contributions\u2019 to the new supplementary pension plan are then conv<span class=\"_ _0\"></span>erted into pension entitlements based on ag<span class=\"_ _0\"></span>e-dependent pension factors and considering a pr<span class=\"_ _0\"></span>e-determined annual incre<span class=\"_ _0\"></span>ase of those entitlements. As of 2012,<span class=\"_ _0\"></span> the plan introduced an option to p<span class=\"_ _0\"></span>ay out lump sums inste<span class=\"_ _0\"></span>ad of monthly pension payments.Employees w<span class=\"_ _0\"></span>ho participated in the <span class=\"_ _2\"></span>\u2018old pension plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> when it w<span class=\"_ _2\"></span>as closed to future accrual as of December 31,<span class=\"_ _0\"></span> 2009, r<span class=\"_ _0\"></span>eceive supplementary pension entitlements based on a matchin<span class=\"_ _0\"></span>g \u2018<span class=\"_ _2\"></span>\ue615fty-\ue615fty\u2019<span class=\"_ _0\"></span> approach me<span class=\"_ _0\"></span>aning that the emplo<span class=\"_ _0\"></span>yer p<span class=\"_ _0\"></span>ays contribu<span class=\"ws1\">-</span>tions to the extent of the employee contributions.<span class=\"_ _2\"></span> \ue618e structure itse<span class=\"_ _0\"></span>lf is similar to the new supplementary pension plan as described abov<span class=\"_ _0\"></span>e.(1)\ue618e pension plan accordin<span class=\"_ _0\"></span>g to the CLA of the Chemical Sector is b<span class=\"_ _0\"></span>ased on \u2018<span class=\"_ _2\"></span>contributions\u2019 that are con<span class=\"_ _0\"></span>verted into in<span class=\"ws1\">-</span>dividual pension entitlements using ag<span class=\"_ _0\"></span>e-dependent pension factors. Emplo<span class=\"_ _0\"></span>yees also contribute to this plan b<span class=\"_ _0\"></span>y deferred compensation.In Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Agfa h<span class=\"_ _0\"></span>as a number of smaller<span class=\"_ _0\"></span> plans from pr<span class=\"_ _0\"></span>evious corpora<span class=\"_ _0\"></span>te acquisitions. <span class=\"_ _2\"></span>\ue618ese plans are all closed to future bene\ue615t accrual.\ue618e de\ue615ned bene\ue615t liability in Germ<span class=\"_ _0\"></span>any also includes pension plans tha<span class=\"_ _0\"></span>t are fully b<span class=\"_ _0\"></span>ased on deferred compensation mod<span class=\"ws1\">-</span>els. <span class=\"_ _2\"></span>\ue618e bene\ue615ts accrued under these plans ar<span class=\"_ _0\"></span>e based on the annually def<span class=\"_ _0\"></span>erred compensation amount of ea<span class=\"_ _0\"></span>ch bene\ue615ciary converte<span class=\"_ _0\"></span>d into pension entitlements and in some cases additionally considering a pre-determine<span class=\"_ _0\"></span>d annual incre<span class=\"_ _0\"></span>ase of those entitlements.For<span class=\"_ _2\"></span> HealthCare IT<span class=\"_ _0\"></span> employees,<span class=\"_ _2\"></span> there are pension plans managed b<span class=\"_ _0\"></span>y di\ue614erent e<span class=\"_ _0\"></span>xternal funds (P<span class=\"_ _0\"></span>ensionskassen).<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ese plans are mainly \ue615nance<span class=\"_ _0\"></span>d by deferre<span class=\"_ _0\"></span>d compensation models and are accounte<span class=\"_ _0\"></span>d for as de\ue615ned contribution pl<span class=\"_ _0\"></span>ans. Additionally<span class=\"_ _1\"></span>, top management of A<span class=\"_ _0\"></span>gfa HealthCar<span class=\"_ _0\"></span>e IT<span class=\"_ _0\"></span> in Germany is pr<span class=\"_ _0\"></span>ovided <span class=\"_ _0\"></span>with a salary rel<span class=\"_ _0\"></span>ated pension scheme<span class=\"_ _0\"></span>, processe<span class=\"_ _0\"></span>d by a con<span class=\"ws1\">-</span>gruently funded multi-emplo<span class=\"_ _0\"></span>yer pl<span class=\"_ _0\"></span>an (kongruent r<span class=\"_ _0\"></span>\u00fcckgedeck<span class=\"_ _0\"></span>te Unterst\u00fctzungskasse<span class=\"_ _2\"></span>).\ue618e di\ue614erent de\ue615ned r<span class=\"_ _0\"></span>etirement bene\ue615t plans expose the Comp<span class=\"_ _0\"></span>any to a<span class=\"_ _0\"></span>ctuarial risks such as inter<span class=\"_ _0\"></span>est rate risk,<span class=\"_ _2\"></span> pension indexation risk<span class=\"_ _0\"></span> and longevity<span class=\"_ _0\"></span> risk.\ue618e expense for<span class=\"_ _0\"></span> the German de\ue615ned contribution plans is included in the amount disclosed in N<span class=\"_ _0\"></span>ote 13.1 with r<span class=\"_ _0\"></span>egard to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries.(1) \u2018C<span class=\"_ _0\"></span>ontributions\u2019<span class=\"_ _0\"></span> in this context means a calculation b<span class=\"_ _0\"></span>ase which is used to \ue615nally determine the pension entitlements.UKAs from 2010<span class=\"_ _0\"></span>, the A<span class=\"_ _0\"></span>gfa UK P<span class=\"_ _0\"></span>ension Plan has been fully close<span class=\"_ _0\"></span>d. As fr<span class=\"_ _0\"></span>om 2022,<span class=\"_ _0\"></span> its participa<span class=\"_ _0\"></span>ting employer<span class=\"_ _2\"></span> is limited to Ag<span class=\"ws1\">-</span>fa-Gev<span class=\"_ _0\"></span>aert NV (prev<span class=\"_ _0\"></span>iously also Agf<span class=\"_ _0\"></span>a HealthCar<span class=\"_ _0\"></span>e UK Ltd and Agfa Gr<span class=\"_ _2\"></span>aphics Ltd). \ue618e plan members ar<span class=\"_ _0\"></span>e eligible for<span class=\"_ _0\"></span> a bene\ue615t based on a \ue615nal a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span> formula. Fr<span class=\"_ _0\"></span>om the age of 55, bene\ue615ts a<span class=\"_ _0\"></span>ccrued under<span class=\"_ _0\"></span> this plan can be paid partly in cash <span class=\"_ _0\"></span>with the remainder<span class=\"_ _0\"></span> paid in monthly pa<span class=\"_ _0\"></span>yments.If the bene\ue615t is taken before the norm<span class=\"_ _0\"></span>al retirement age of 65 ther<span class=\"_ _0\"></span>e is an actuarial re<span class=\"_ _0\"></span>duction of the bene\ue615t\u2019<span class=\"_ _2\"></span>s v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>.Deferred plan members ar<span class=\"_ _0\"></span>e entitled to an in\ue617ation incre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>, based on <span class=\"_ _0\"></span>CPI (Consumer P<span class=\"_ _0\"></span>rice Index), of their<span class=\"_ _0\"></span> accrued bene\ue615ts until retirement p<span class=\"_ _0\"></span>ayments are tak<span class=\"_ _0\"></span>en.P<span class=\"_ _0\"></span>ension payment incr<span class=\"_ _0\"></span>eases are g<span class=\"_ _0\"></span>enerally <span class=\"_ _0\"></span>in line with RPI (Retail Price Inde<span class=\"_ _0\"></span>x) with a minimum incre<span class=\"_ _2\"></span>ase of<span class=\"_ _22\"></span> 3% and a maxi<span class=\"ws1\">-</span>mum increase of 5%.<span class=\"_ _0\"></span> Next to in\ue617ation risk,<span class=\"_ _0\"></span> the fro<span class=\"_ _0\"></span>zen de\ue615ned bene\ue615t plan exposes the C<span class=\"_ _0\"></span>ompany to a<span class=\"_ _0\"></span>ctuarial risks such as inves<span class=\"_ _0\"></span>tment risk, interest r<span class=\"_ _2\"></span>ate risk and longevity<span class=\"_ _0\"></span> risk.\ue618e de\ue615ned bene\ue615t plan is go<span class=\"_ _0\"></span>verned by a bene\ue615t tr<span class=\"_ _0\"></span>ust whose decision making body<span class=\"_ _0\"></span> is a Board of <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>rustees. \ue618ey<span class=\"_ _0\"></span> have a \ue615duciary duty to act solely in the bes<span class=\"_ _0\"></span>t interests of the bene\ue615ciaries accor<span class=\"_ _0\"></span>ding to the trust rules and UK la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>.In 2021,<span class=\"_ _0\"></span> the Agfa UK P<span class=\"_ _2\"></span>ension Plan entered into an annuity buy<span class=\"_ _2\"></span>-in contract backing 7<span class=\"_ _0\"></span>0% of the pensioner liabilities of the plan. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o support this de-risking activity<span class=\"_ _0\"></span> the Group made a contribution of 90 million P<span class=\"_ _2\"></span>ound Sterling (105 million Euro) to the plan in 2021,<span class=\"_ _2\"></span> e\ue614ectively bringing forw<span class=\"_ _0\"></span>ard the contributions expected under<span class=\"_ _2\"></span> the agreement with the trustees.<span class=\"_ _0\"></span> In 2022,<span class=\"_ _0\"></span> the Agfa UK P<span class=\"_ _2\"></span>ension Plan entered into a second annuity buy<span class=\"_ _0\"></span>-in contra<span class=\"_ _0\"></span>ct covering the lia<span class=\"_ _0\"></span>bilities of the remaining pension<span class=\"ws1\">-</span>ers and substantially all deferr<span class=\"_ _0\"></span>ed members. <span class=\"_ _2\"></span>\ue618e liabilities in respect of plan members with small pensions,<span class=\"_ _2\"></span> whose bene\ue615ts are expected to be p<span class=\"_ _0\"></span>aid out as a lump sum as in due course remain uninsur<span class=\"_ _0\"></span>ed.\ue618e required f<span class=\"_ _0\"></span>unding is determined by a fundin<span class=\"_ _0\"></span>g v<span class=\"_ _0\"></span>aluation carried out every three <span class=\"_ _0\"></span>years b<span class=\"_ _0\"></span>ased on legal requir<span class=\"_ _0\"></span>ements and funding v<span class=\"_ _2\"></span>aluation assumptions that meet the UK regula<span class=\"_ _0\"></span>tory body\u2019<span class=\"_ _2\"></span>s current requir<span class=\"_ _0\"></span>ements and are also agreed betw<span class=\"_ _0\"></span>een the Compan<span class=\"_ _0\"></span>y and the <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>rustees. <span class=\"_ _2\"></span>\ue618e last full actuarial v<span class=\"_ _2\"></span>aluation was undertak<span class=\"_ _0\"></span>en in April 2021,<span class=\"_ _2\"></span> following the pay<span class=\"_ _0\"></span>ment of the aforementioned 90 million P<span class=\"_ _2\"></span>ound Sterling by the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e funding position in April 2021 show<span class=\"_ _0\"></span>ed that the Plan h<span class=\"_ _0\"></span>ad a funding surplus re<span class=\"_ _0\"></span>lative to the Plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>s statutory funding objective end projections since this data sho<span class=\"_ _0\"></span>ws that this remains the case.<span class=\"_ _2\"></span> \ue618erefor<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> no further de\ue615cit r<span class=\"_ _0\"></span>eduction contributions are r<span class=\"_ _0\"></span>equired as part of the March 31,<span class=\"_ _2\"></span> 2021 actuarial v<span class=\"_ _0\"></span>aluation.<span class=\"_ _0\"></span> \ue618ere w<span class=\"_ _2\"></span>as a valuation update on Mar<span class=\"_ _0\"></span>ch 31, 20<span class=\"_ _0\"></span>22 and a further<span class=\"_ _0\"></span> annual update will be due as a<span class=\"_ _0\"></span>t March 31, 2<span class=\"_ _0\"></span>023.<span class=\"_ _0\"></span> \ue618e ne<span class=\"_ _0\"></span>xt full valu<span class=\"_ _0\"></span>ation will be undertak<span class=\"_ _0\"></span>en as at March 31,<span class=\"_ _0\"></span> 2024.<span class=\"_ _0\"></span>  Follo<span class=\"_ _0\"></span>wing the lates<span class=\"_ _0\"></span>t valu<span class=\"_ _0\"></span>ation update on March 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, the Scheme Actuary con\ue615rmed that no member<span class=\"_ _0\"></span> contributions or sponsor<span class=\"_ _2\"></span> contributions for new bene\ue615ts are due to be paid to the Pl<span class=\"_ _0\"></span>an.USAs from 2009,<span class=\"_ _0\"></span> the Agfa Corpor<span class=\"_ _2\"></span>ation Pension Plan has been f<span class=\"_ _0\"></span>ully closed. <span class=\"_ _0\"></span>Agfa Corpor<span class=\"_ _0\"></span>ation, <span class=\"_ _0\"></span>Agfa He<span class=\"_ _0\"></span>althCare Corpor<span class=\"_ _0\"></span>ation, Agfa Materials C<span class=\"_ _0\"></span>orporation,<span class=\"_ _0\"></span> Agf<span class=\"_ _0\"></span>a Finance Corpora<span class=\"_ _0\"></span>tion and Agfa US Corpor<span class=\"_ _2\"></span>ation are participating emplo<span class=\"_ _0\"></span>yers in this pen<span class=\"ws1\">-</span>sion plan.\ue618e plan participants ar<span class=\"_ _0\"></span>e eligible for<span class=\"_ _0\"></span> a bene\ue615t based on a \ue615nal a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e pay f<span class=\"_ _0\"></span>ormula. <span class=\"_ _2\"></span>\ue618is frozen de\ue615ned bene\ue615t plan e<span class=\"_ _0\"></span>xposes the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o actuarial risks s<span class=\"_ _0\"></span>uch as investment risk,<span class=\"_ _2\"></span> interest rate risk and lon<span class=\"_ _0\"></span>gevity risk.\ue618e de\ue615ned bene\ue615t plan assets ar<span class=\"_ _0\"></span>e held in a trust. <span class=\"_ _2\"></span>\ue618e Board of Directors of <span class=\"_ _0\"></span>Agfa Corpor<span class=\"_ _0\"></span>ation, the pl<span class=\"_ _0\"></span>an sponsor<span class=\"_ _2\"></span>, delegate inves<span class=\"_ _0\"></span>tment decisions and oversight of the plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>s assets to a local investment committee<span class=\"_ _0\"></span>, the Bene\ue615ts Plan In<span class=\"_ _0\"></span>vestment Committee (BPIC). <span class=\"_ _2\"></span>\ue618e BPIC members have a \ue615duciary duty to act sole<span class=\"_ _0\"></span>ly in the best interests of the bene\ue615ciaries accor<span class=\"_ _2\"></span>ding to the trust agreement and US la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e legal and regulatory framew<span class=\"_ _0\"></span>ork for<span class=\"_ _0\"></span> the plan is based on the applicable US legisl<span class=\"_ _0\"></span>ation Employee Retir<span class=\"_ _0\"></span>ement Income Security Act (ERIS<span class=\"_ _0\"></span>A). Based on this legisl<span class=\"_ _0\"></span>ation a funding v<span class=\"_ _2\"></span>aluation is prepared annually<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> \ue618e plan sponsor and p<span class=\"_ _0\"></span>articipating emplo<span class=\"_ _0\"></span>yers contribute such amounts as are deeme<span class=\"_ _0\"></span>d necessary on an actuarial basis to prov<span class=\"_ _0\"></span>ide su\ue616cient funds to meet the bene\ue615ts to be paid to plan members.<span class=\"_ _0\"></span> Minimum contributions are base<span class=\"_ _0\"></span>d on the require<span class=\"ws1\">-</span>ments prescribed by<span class=\"_ _0\"></span> the provisions of the Emplo<span class=\"_ _0\"></span>yee Retirement Income Securit<span class=\"_ _0\"></span>y Act (ERISA) of 19<span class=\"_ _0\"></span>74 and the P<span class=\"_ _2\"></span>ension Protection Act of 2006 (PP<span class=\"_ _1\"></span>A). Pursuant to the PP<span class=\"_ _2\"></span>A,<span class=\"_ _0\"></span> each y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> the actuary is require<span class=\"_ _0\"></span>d to certify the plan<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s funded percentag<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _3\"></span> \ue618e 2022 f<span class=\"_ _0\"></span>unding percentage is 109.<span class=\"_ _0\"></span>97% (20<span class=\"_ _0\"></span>21: 102.<span class=\"_ _0\"></span>91%) and was certi\ue615e<span class=\"_ _0\"></span>d in March 20<span class=\"_ _0\"></span>23.13.2.3 Evolution net de\ue61fned bene\ue61ft liability and its components\ue618e followin<span class=\"_ _0\"></span>g three tables show<span class=\"_ _0\"></span> a reconciliation from <span class=\"_ _0\"></span>the opening balances to the closing b<span class=\"_ _0\"></span>alances for<span class=\"_ _0\"></span> the net de\ue615ned bene\ue615t liability and its components.Evolution net de\ue61fned bene\ue61ft liability during 2021 and 2022\ue61f\ue61e\ue61f\ue61d<span class=\"_ _235\"> </span><span class=\"ffc\">2022</span>Retirement plans Belgian DC-plans  Retirement plans Belgian DC-plans (excl. Belgian  with return  TOT<span class=\"_ _0\"></span>AL(excl. Belgian  with return  TOT<span class=\"_ _0\"></span>ALMILLION EURODC-plans)guaranteed by lawDC-plans)guaranteed by lawNet liability at January 1<span class=\"_ _14f\"> </span>900<span class=\"_ _14b\"> </span>9<span class=\"_ _184\"> </span>909<span class=\"_ _236\"> </span>670<span class=\"_ _f8\"> </span>5<span class=\"_ _237\"> </span>674De\ue614ned bene\ue614t cost included in pro\ue614t or loss<span class=\"_ _156\"> </span>\ue61a\ue61f<span class=\"_ _f8\"> </span>\ue61b<span class=\"_ _233\"> </span>\ue616\ue61d<span class=\"_ _1da\"> </span>\ue61f\ue61c<span class=\"_ _1a2\"> </span>\ue61d\ue618<span class=\"_ _233\"> </span>\ue616\ue616T<span class=\"_ _2\"></span>otal remeasurements included in OCI<span class=\"_ _a8\"> </span>(\ue61c\ue61c)<span class=\"_ _156\"> </span>(\ue617)<span class=\"_ _50\"> </span>(\ue61b\ue616)<span class=\"_ _ee\"> </span>(\ue61d\ue618\ue61e)<span class=\"_ _f8\"> </span>\ue618<span class=\"_ _ae\"> </span>(\ue61d\ue616\ue618)Net transfer in/(out), including impact of  -<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _41\"> </span>(\ue61f)<span class=\"_ _b2\"> </span>-<span class=\"_ _96\"> </span>(\ue61f)business combinations and divestituresCash \ue613ows\ue610Employer contributions<span class=\"_ _1f5\"> </span>(\ue61d\ue61a\ue61c)<span class=\"_ _18c\"> </span>(\ue61c)<span class=\"_ _8d\"> </span>(\ue61d\ue616\ue617)<span class=\"_ _95\"> </span>(\ue61d\ue617)<span class=\"_ _147\"> </span>(\ue61d\ue618)<span class=\"_ _50\"> </span>(\ue61a\ue61d)\ue610Bene\ue614ts paid directly by the company<span class=\"_ _16d\"> </span>(\ue616\ue61e)<span class=\"_ _b2\"> </span>-<span class=\"_ _50\"> </span>(\ue616\ue61e)<span class=\"_ _95\"> </span>(\ue61a\ue61b)<span class=\"_ _b2\"> </span>-<span class=\"_ _50\"> </span>(\ue61a\ue61b)Currency e\ue615ects: charge (or credit)<span class=\"_ _dd\"> </span>\ue616<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>\ue616<span class=\"_ _f9\"> </span>\ue61f<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>\ue61fNet liability at December 31<span class=\"_ _be\"> </span>670<span class=\"_ _f8\"> </span>5<span class=\"_ _237\"> </span>674<span class=\"_ _236\"> </span>493<span class=\"_ _13c\"> </span>10<span class=\"_ _237\"> </span>503\ue618e employer<span class=\"_ _2\"></span> contributions for 2021 w<span class=\"_ _0\"></span>ere impacte<span class=\"_ _0\"></span>d by one-time pa<span class=\"_ _0\"></span>yments for<span class=\"_ _0\"></span> the UK (105 million Euro in 20<span class=\"_ _2\"></span>21) and <span class=\"_ _24\"></span><span class=\"ws1\"> </span>Belgium (9 million Euro in 2<span class=\"_ _0\"></span>021).\ue618e net transfer<span class=\"_ _2\"></span> out relates to the outsourcing of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Information and C<span class=\"_ _0\"></span>ommunications Services (including trans<span class=\"ws1\">-</span>ferring employ<span class=\"_ _0\"></span>ees and the associated pension liabilities<span class=\"_ _0\"></span>) to Atos durin<span class=\"_ _0\"></span>g 2022.De\ue61fned bene\ue61ft costs for 2021 and 2022\ue61f\ue61e\ue61f\ue61d<span class=\"_ _235\"> </span><span class=\"ffc\">2022</span>Retirement plans Retirement plans (excl. Belgian  Belgian DC-plans<span class=\"_ _186\"> </span><span class=\"ls4 ws5\">TOTAL</span>(excl. Belgian  Belgian DC-plans<span class=\"_ _186\"> </span><span class=\"ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>MILLION EURODC-plans)DC-plans)Service costService cost, exclusive of employee contributions<span class=\"_ _41\"> </span><span class=\"ls1\">\ue61f\ue61a<span class=\"_ _f8\"> </span>\ue61b<span class=\"_ _233\"> </span>\ue61a\ue61f<span class=\"_ _1da\"> </span>\ue61d\ue61c<span class=\"_ _1a2\"> </span>\ue61d\ue618<span class=\"_ _233\"> </span>\ue61a\ue61a</span>Past service cost<span class=\"_ _239\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-(Gain) loss on settlements<span class=\"_ _23a\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-T<span class=\"_ _2\"></span>otal service cost<span class=\"_ _23b\"> </span>23<span class=\"_ _f8\"> </span>9<span class=\"_ _233\"> </span>32<span class=\"_ _1da\"> </span>18<span class=\"_ _1a2\"> </span>15<span class=\"_ _233\"> </span>33Net interest costInterest expense on DBO<span class=\"_ _1c2\"> </span>\ue61f\ue61e<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _233\"> </span>\ue61f\ue61f<span class=\"_ _23c\"> </span>\ue61f\ue618<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _233\"> </span>\ue61f\ue619Interest (income) on plan assets<span class=\"_ _ef\"> </span>(\ue61d\ue61a)<span class=\"_ _156\"> </span>(\ue61f)<span class=\"_ _50\"> </span>(\ue61d\ue616)<span class=\"_ _31\"> </span>(\ue61d\ue619)<span class=\"_ _156\"> </span>(\ue61f)<span class=\"_ _50\"> </span>(\ue61f\ue61e)T<span class=\"_ _2\"></span>otal net interest cost<span class=\"_ _23d\"> </span>7<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>7<span class=\"_ _f9\"> </span>8<span class=\"_ _b2\"> </span>-<span class=\"_ _23e\"> </span>7Administrative expenses and taxes<span class=\"_ _dd\"> </span>\ue61f<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>\ue61f<span class=\"_ _f9\"> </span>\ue61f<span class=\"_ _b2\"> </span>-<span class=\"_ _238\"> </span>\ue61aDEFINED BENEFIT COST INCLUDED  32<span class=\"_ _f8\"> </span>9<span class=\"_ _233\"> </span>41<span class=\"_ _1da\"> </span>28<span class=\"_ _1a2\"> </span>15<span class=\"_ _233\"> </span>44IN PROFIT OR LOSSActuarial losses (gains)Experience losses (gains) on plan liabilities<span class=\"_ _23f\"> </span>(\ue61f\ue61d)<span class=\"_ _18c\"> </span>(\ue616)<span class=\"_ _91\"> </span>(\ue61f\ue618)<span class=\"_ _1da\"> </span>\ue616\ue618<span class=\"_ _147\"> </span>(\ue61d\ue616)<span class=\"_ _233\"> </span>\ue61a\ue61dDemographic assumptions<span class=\"_ _3e\"> </span>(\ue61a)<span class=\"_ _b2\"> </span>-<span class=\"_ _96\"> </span>(\ue61a)<span class=\"_ _12b\"> </span>-<span class=\"_ _f8\"> </span>\ue61d<span class=\"_ _238\"> </span>\ue61dFinancial assumptions<span class=\"_ _240\"> </span>(\ue619\ue619)<span class=\"_ _18c\"> </span>(\ue617)<span class=\"_ _91\"> </span>(\ue61c\ue61a)<span class=\"_ _ee\"> </span>(\ue616\ue617\ue61a)<span class=\"_ _39\"> </span>(\ue61a\ue619)<span class=\"_ _9a\"> </span>(\ue618\ue61e\ue61e)Return on plan assets excl. Interest income<span class=\"_ _241\"> </span>\ue61d\ue61a<span class=\"_ _f8\"> </span>\ue616<span class=\"_ _233\"> </span>\ue61d\ue619<span class=\"_ _236\"> </span>\ue61f\ue617\ue61c<span class=\"_ _13c\"> </span>\ue618\ue617<span class=\"_ _237\"> </span>\ue61a\ue61f\ue61aT<span class=\"_ _2\"></span>otal remeasurements included in OCI<span class=\"_ _eb\"> </span>(88)<span class=\"_ _bc\"> </span>(6)<span class=\"_ _57\"> </span>(94)<span class=\"_ _33\"> </span>(150)<span class=\"_ _f8\"> </span>5<span class=\"_ _99\"> </span>(145)TOT<span class=\"_ _2\"></span>AL DEFINED BENEFIT COST RECOGNIZED <span class=\"ls1\"> </span>(57)<span class=\"_ _f8\"> </span>4<span class=\"_ _a0\"> </span>(53)<span class=\"_ _33\"> </span>(122)<span class=\"_ _13c\"> </span>20<span class=\"_ _99\"> </span>(102)IN PROFIT OR LOSS AND OCI\ue618e total de\ue615ned bene\ue615t credit r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss and Other Comprehensiv<span class=\"_ _0\"></span>e Income (OCI) for<span class=\"_ _0\"></span> 2022 for<span class=\"_ _2\"></span> the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s material countries amounted to 10<span class=\"_ _2\"></span>2 million Euro (2021: cre<span class=\"_ _0\"></span>dit of 53 million Euro<span class=\"_ _0\"></span>). Of this amount, 44 million E<span class=\"_ _0\"></span>uro expense is <span class=\"_ _0\"></span>re\ue617<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span> Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _1\"></span>s Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Statement of Pr<span class=\"_ _0\"></span>o\ue615t or Loss ov<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>022 (20<span class=\"_ _0\"></span>21: 41 million Euro e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e balance<span class=\"_ _0\"></span>, being a credit of 145 million E<span class=\"_ _0\"></span>uro for<span class=\"_ _0\"></span> 2022 (<span class=\"_ _2\"></span>a credit of 94 million Euro for<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>) is re\ue617ected in OCI under<span class=\"_ _0\"></span> \u2018Reme<span class=\"_ _2\"></span>asurements of the net de\ue615ned bene\ue615t liability\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618ese remeasurements origina<span class=\"_ _0\"></span>te from experience gains on pl<span class=\"_ _0\"></span>an liabilities, chan<span class=\"_ _0\"></span>ges in demographic and \ue615nanci<span class=\"_ _0\"></span>al assumptions as well as fr<span class=\"_ _0\"></span>om experience adjustments on the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of assets. <span class=\"_ _0\"></span>\ue618e gains due to changes in \ue615nanci<span class=\"_ _0\"></span>al assumptions in 202<span class=\"_ _0\"></span>2 are principally due to the incr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ate over<span class=\"_ _2\"></span> the year<span class=\"_ _2\"></span>. Evolution de\ue61fned bene\ue61ft obligation, fair value of assets and funded status during 2021 and 2022\ue618e de\ue615ned bene\ue615t obligation,<span class=\"_ _0\"></span> plan assets and funded status f<span class=\"_ _0\"></span>or the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries are shown belo<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _242\"> </span><span class=\"ffc\">2022</span>Retirement plans Belgian DC-plans  Retirement plans Belgian DC-plans (excl. Belgian  with return  TOT<span class=\"_ _0\"></span>AL(excl. Belgian  with return  TOT<span class=\"_ _0\"></span>ALMILLION EURODC-plans)guaranteed by lawDC-plans)guaranteed by lawChange in de\ue615ned bene\ue615t obligationDe\ue614ned bene\ue614t obligation at January \ue61d<span class=\"_ _d6\"> </span>\ue61d,\ue61c\ue617\ue61a<span class=\"_ _1a5\"> </span>\ue61d\ue61b\ue61c<span class=\"_ _8d\"> </span>\ue61f,\ue61e\ue617\ue61d<span class=\"_ _ee\"> </span>\ue61d,\ue619\ue617\ue619<span class=\"_ _1a5\"> </span>\ue61d\ue61b\ue61d<span class=\"_ _af\"> </span>\ue61d,\ue61b\ue618\ue61bService costCurrent service cost, exclusive of employee \ue61f\ue61a<span class=\"_ _f8\"> </span>\ue61b<span class=\"_ _233\"> </span>\ue61a\ue61f<span class=\"_ _1da\"> </span>\ue61d\ue61c<span class=\"_ _1a2\"> </span>\ue61d\ue618<span class=\"_ _243\"> </span>\ue61a\ue61acontributionsPast service cost<span class=\"_ _239\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-(Gain)/loss on settlements<span class=\"_ _1f6\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Interest expense<span class=\"_ _244\"> </span>\ue61f\ue61e<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _233\"> </span>\ue61f\ue61f<span class=\"_ _1da\"> </span>\ue61f\ue618<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _cb\"> </span>\ue61f\ue619Cash \ue613owsBene\ue614t payments<span class=\"_ _ba\"> </span>(\ue619\ue61b)<span class=\"_ _156\"> </span>(\ue61c)<span class=\"_ _50\"> </span>(\ue61c\ue619)<span class=\"_ _31\"> </span>(\ue61b\ue61f)<span class=\"_ _147\"> </span>(\ue61d\ue617)<span class=\"_ _af\"> </span>(\ue61d\ue61e\ue61c)Employee contributions<span class=\"_ _b8\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _18c\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Premiums Paid<span class=\"_ _245\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Increase (decrease) due to transfers, including -<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _31\"> </span>(\ue61d\ue618)<span class=\"_ _18c\"> </span>(\ue61c)<span class=\"_ _25\"> </span>(\ue61f\ue61a)impact of business combinations and divestituresRemeasurementsE\ue615ect of changes in demographic assumptions<span class=\"_ _41\"> </span>(\ue61a)<span class=\"_ _b2\"> </span>-<span class=\"_ _96\"> </span>(\ue61a)<span class=\"_ _12b\"> </span>-<span class=\"_ _f8\"> </span>\ue61d<span class=\"_ _2e\"> </span>\ue61dE\ue615ect of changes in \ue614nancial assumptions<span class=\"_ _1a6\"> </span>(\ue619\ue619)<span class=\"_ _18c\"> </span>(\ue617)<span class=\"_ _50\"> </span>(\ue61c\ue61a)<span class=\"_ _ee\"> </span>(\ue616\ue617\ue61a)<span class=\"_ _147\"> </span>(\ue61a\ue619)<span class=\"_ _af\"> </span>(\ue618\ue61e\ue61e)E\ue615ect of experience adjustments<span class=\"_ _ef\"> </span>(\ue61f\ue61d)<span class=\"_ _18c\"> </span>(\ue616)<span class=\"_ _91\"> </span>(\ue61f\ue618)<span class=\"_ _1da\"> </span>\ue616\ue618<span class=\"_ _147\"> </span>(\ue61d\ue616)<span class=\"_ _cb\"> </span>\ue61a\ue61dCurrency e\ue615ects: charge (or credit)<span class=\"_ _97\"> </span>\ue616\ue61f<span class=\"_ _b2\"> </span>-<span class=\"_ _233\"> </span>\ue616\ue61f<span class=\"_ _31\"> </span>(\ue61d\ue618)<span class=\"_ _b2\"> </span>-<span class=\"_ _25\"> </span>(\ue61d\ue618)De\ue615ned bene\ue615t obligation at December 31<span class=\"_ _246\"> </span>1,767<span class=\"_ _1a5\"> </span>191<span class=\"_ _8d\"> </span>1,959<span class=\"_ _ee\"> </span>1,270<span class=\"_ _1a5\"> </span>134<span class=\"_ _af\"> </span>1,404Change in plan assetsF<span class=\"_ _2\"></span>air value of assets at January \ue61d<span class=\"_ _c8\"> </span>\ue61b\ue617\ue61a<span class=\"_ _1a5\"> </span>\ue61d\ue61c\ue61b<span class=\"_ _8d\"> </span>\ue61d,\ue61d\ue618\ue61f<span class=\"_ _ee\"> </span>\ue61d,\ue61e\ue61b\ue61c<span class=\"_ _1a5\"> </span>\ue61d\ue61c\ue619<span class=\"_ _af\"> </span>\ue61d,\ue61f\ue61c\ue616Interest income<span class=\"_ _247\"> </span>\ue61d\ue61a<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _233\"> </span>\ue61d\ue616<span class=\"_ _1da\"> </span>\ue61d\ue619<span class=\"_ _f8\"> </span>\ue61f<span class=\"_ _cb\"> </span>\ue61f\ue61eEmployer contributions<span class=\"_ _a7\"> </span>\ue61d\ue619\ue61c<span class=\"_ _f8\"> </span>\ue61c<span class=\"_ _237\"> </span>\ue61d\ue61c\ue617<span class=\"_ _1da\"> </span>\ue618\ue618<span class=\"_ _13c\"> </span>\ue61d\ue618<span class=\"_ _cb\"> </span>\ue619\ue61eEmployee contributions<span class=\"_ _b8\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _18c\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Bene\ue614t payments<span class=\"_ _ba\"> </span>(\ue619\ue61b)<span class=\"_ _156\"> </span>(\ue61c)<span class=\"_ _50\"> </span>(\ue61c\ue619)<span class=\"_ _31\"> </span>(\ue61b\ue61f)<span class=\"_ _147\"> </span>(\ue61d\ue617)<span class=\"_ _af\"> </span>(\ue61d\ue61e\ue61c)Administrative expenses and taxes<span class=\"_ _ed\"> </span>(\ue61f)<span class=\"_ _241\"> </span>-<span class=\"_ _96\"> </span>(\ue61f)<span class=\"_ _41\"> </span>(\ue61f)<span class=\"_ _b2\"> </span>-<span class=\"_ _248\"> </span>(\ue61a)Premiums Paid<span class=\"_ _245\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Increase (decrease) due to transfers, including -<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _31\"> </span>(\ue61d\ue616)<span class=\"_ _18c\"> </span>(\ue61c)<span class=\"_ _25\"> </span>(\ue61f\ue61f)impact of business combinations and divestituresReturn on plan assets  (\ue61d\ue61a)<span class=\"_ _18c\"> </span>(\ue616)<span class=\"_ _91\"> </span>(\ue61d\ue619)<span class=\"_ _ee\"> </span>(\ue61f\ue617\ue61c)<span class=\"_ _39\"> </span>(\ue618\ue617)<span class=\"_ _af\"> </span>(\ue61a\ue61f\ue61a)(excluding interest income)Currency e\ue615ects: (charge) or credit<span class=\"_ _97\"> </span>\ue61a\ue61c<span class=\"_ _b2\"> </span>-<span class=\"_ _233\"> </span>\ue61a\ue61c<span class=\"_ _31\"> </span>(\ue61d\ue619)<span class=\"_ _b2\"> </span>-<span class=\"_ _25\"> </span>(\ue61d\ue619)Fair value of assets at December 31<span class=\"_ _94\"> </span>1,098<span class=\"_ _1a5\"> </span>187<span class=\"_ _8d\"> </span>1,284<span class=\"_ _236\"> </span>777<span class=\"_ _c6\"> </span>124<span class=\"_ _1bc\"> </span>901Funded status at December 31Funded status<span class=\"_ _249\"> </span>\ue617\ue619\ue61e<span class=\"_ _f8\"> </span>\ue618<span class=\"_ _237\"> </span>\ue617\ue619\ue616<span class=\"_ _236\"> </span>\ue616\ue61b\ue61a<span class=\"_ _1a2\"> </span>\ue61d\ue61e<span class=\"_ _1bc\"> </span>\ue618\ue61e\ue61aE\ue615ect of asset ceiling/onerous liability<span class=\"_ _24a\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _12b\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _2f\"> </span>-Net liability (asset) at December 31<span class=\"_ _f4\"> </span>670<span class=\"_ _f8\"> </span>5<span class=\"_ _237\"> </span>674<span class=\"_ _236\"> </span>493<span class=\"_ _1a2\"> </span>10<span class=\"_ _1bc\"> </span>503At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the total de\ue615ned bene\ue615t <span class=\"_ _0\"></span>obligation for<span class=\"_ _0\"></span> the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries, e<span class=\"_ _0\"></span>xcluding de\ue615ned contribu<span class=\"ws1\">-</span>tion plans with r<span class=\"_ _0\"></span>eturn guarantee<span class=\"_ _0\"></span>d by la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>, amounted to 1,2<span class=\"_ _0\"></span>70 million Eur<span class=\"_ _0\"></span>o (1,<span class=\"_ _0\"></span>767 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21). Of this amount, 789 million Eur<span class=\"_ _0\"></span>o (1,088 million Eur<span class=\"_ _0\"></span>o at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21) is rela<span class=\"_ _0\"></span>ted to wholly or<span class=\"_ _2\"></span> partly funded plans and 481 million Euro (<span class=\"_ _0\"></span>679 million Eur<span class=\"_ _0\"></span>o at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21) is rela<span class=\"_ _0\"></span>ted to unfunded plans.<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the \ue615nancin<span class=\"_ _0\"></span>g de\ue615cit for the Belgi<span class=\"_ _0\"></span>an de\ue615ned contribution plans with gu<span class=\"_ _0\"></span>aranteed r<span class=\"_ _0\"></span>eturn amounted to 10 million Euro (5 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21). <span class=\"_ _2\"></span>\ue618e net pension liability for<span class=\"_ _0\"></span> these plans is calculated as the di\ue614er<span class=\"_ _2\"></span><span class=\"ws1\">-</span>ence between the present <span class=\"_ _0\"></span>value of the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation (DBO) amounting to 134 million E<span class=\"_ _0\"></span>uro (191 million Eur<span class=\"_ _0\"></span>o at December 31,<span class=\"_ _2\"></span> 2021) and the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the plan assets amounting to 124 million Euro (18<span class=\"_ _0\"></span>7 million Euro at December<span class=\"_ _2\"></span> 31, 20<span class=\"_ _0\"></span>21). 13.2.4 De\ue61fned bene\ue61ft obligation - Principal actuarial assumptions at the reporting date\ue618e liabilities and de\ue615ned bene\ue615ts cost of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s retir<span class=\"_ _0\"></span>ement plans are determined using a<span class=\"_ _0\"></span>ctuarial v<span class=\"_ _0\"></span>aluations that involv<span class=\"_ _0\"></span>e sever<span class=\"_ _0\"></span>al actuarial assumptions.<span class=\"_ _0\"></span> At the end of the r<span class=\"_ _0\"></span>eporting periods 2021 and 20<span class=\"_ _2\"></span>22, the following princip<span class=\"_ _0\"></span>al actuarial assumptions (w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>ages) have been use<span class=\"_ _0\"></span>d:  December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _b2\"> </span><span class=\"ffc\">December 31, 2022</span>Discount rate\ue61d.\ue616\ue61f%<span class=\"_ _24b\"> </span>\ue616.\ue61a\ue61a%Price in\ue613ation\ue61f.\ue61d\ue61c%<span class=\"_ _24b\"> </span>\ue61f.\ue61a\ue617%\ue618e above s<span class=\"_ _0\"></span>tated aver<span class=\"_ _2\"></span>age discount rates and price in\ue617ation r<span class=\"_ _2\"></span>ates have been determined based on the a<span class=\"_ _0\"></span>ctuarial assumptions applied in the di\ue614erent de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries weighte<span class=\"_ _0\"></span>d by the de\ue615ned bene\ue615t obligation of the respective plan.\ue618e weighted a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age price in\ue617ation re<span class=\"_ _0\"></span>lates to Belgium, Germ<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>, and the UK (RPI).<span class=\"_ _2\"></span> In\ue617ation over the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 2022 <span class=\"_ _0\"></span>was in<span class=\"ws1\">-</span>cluded in the base data use<span class=\"_ _0\"></span>d for the actu<span class=\"_ _0\"></span>arial calculations and is theref<span class=\"_ _0\"></span>ore not re\ue617ected in the ev<span class=\"_ _0\"></span>olution of price in\ue617ation compared to l<span class=\"_ _0\"></span>ast ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.\ue618e discount rates use<span class=\"_ _0\"></span>d are determined by r<span class=\"_ _0\"></span>eference to the r<span class=\"_ _0\"></span>ates av<span class=\"_ _2\"></span>ailable on high-quality corpor<span class=\"_ _0\"></span>ate bonds, that h<span class=\"_ _0\"></span>ave a credit r<span class=\"_ _0\"></span>ating of at le<span class=\"_ _0\"></span>ast AA fr<span class=\"_ _0\"></span>om a main ra<span class=\"_ _0\"></span>ting agency<span class=\"_ _2\"></span>, and tha<span class=\"_ _0\"></span>t have m<span class=\"_ _0\"></span>aturity dates appr<span class=\"_ _0\"></span>oximating the terms of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.W<span class=\"_ _2\"></span>eighted average duration\ue618e Group has consistently calcul<span class=\"_ _0\"></span>ated the weighte<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>age dur<span class=\"_ _0\"></span>ation by taking the a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age of the dura<span class=\"_ _0\"></span>tions obtained via sensitivities on the discount r<span class=\"_ _0\"></span>ate for the r<span class=\"_ _0\"></span>etirement plans of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries.<span class=\"_ _2\"></span> At December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the weighted a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e dura<span class=\"_ _0\"></span>tion is 10.3 <span class=\"_ _0\"></span>years (1<span class=\"_ _0\"></span>3.2 ye<span class=\"_ _0\"></span>ars at December 31,<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>). Sensitivity analysis\ue618e followin<span class=\"_ _0\"></span>g information illustr<span class=\"_ _0\"></span>ates the sensitivity<span class=\"_ _0\"></span> to a change as at December<span class=\"_ _2\"></span> 31, 2022 in certain assumptions f<span class=\"_ _0\"></span>or the retirement plans of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s material countries. MILLION EURO<span class=\"_ _194\"> </span><span class=\"ffc\">E\ue612ect on December 31, 2022 De\ue615ned bene\ue615t obligation</span>\ue618\ue61e bp decrease in discount rate<span class=\"_ _24c\"> </span>\ue619\ue61f\ue618\ue61e bp increase in discount rate<span class=\"_ _24d\"> </span>(\ue617\ue617)\ue61f\ue618 bp decrease in price in\ue613ation assumption<span class=\"_ _1ee\"> </span>(\ue61d\ue619)\ue61f\ue618 bp increase in price in\ue613ation assumption<span class=\"_ _24e\"> </span>\ue61d\ue61cChange in mortality table, assuming employees live one year longer<span class=\"_ _24f\"> </span>\ue61a\ue618Change in mortality table, assuming employees live one year shorter<span class=\"_ _142\"> </span>(\ue61a\ue61a)(1)<span class=\"ff1 ws1a0\"> It is assumed that if the in\ue617ation r<span class=\"_ _0\"></span>ate increases / decr<span class=\"_ _0\"></span>eases, then so do other<span class=\"_ _0\"></span> assumptions that ar<span class=\"_ _0\"></span>e linked to the in\ue617ation r<span class=\"_ _0\"></span>ate,<span class=\"_ _0\"></span> such as salary increases and </span>increases to pensions in pa<span class=\"_ _0\"></span>yment. 13.2.5 Plan assetsFair value of assets, split by ma<span class=\"_ _0\"></span>jor asset classFor<span class=\"_ _2\"></span> the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s material countries,<span class=\"_ _0\"></span> plan assets comprise follo<span class=\"_ _0\"></span>wing major<span class=\"_ _2\"></span> asset classes:MILLION EURO<span class=\"_ _133\"> </span>December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _241\"> </span><span class=\"ffc\">December 31, 2022</span>Cash, cash equivalents and other<span class=\"_ _133\"> </span>\ue619\ue618<span class=\"_ _1e5\"> </span>\ue61f\ue61cEquity instruments<span class=\"_ _250\"> </span>\ue61d\ue61f\ue616<span class=\"_ _251\"> </span>\ue61d\ue61f\ue61dDebt instruments<span class=\"_ _252\"> </span>\ue618\ue61c\ue619<span class=\"_ _251\"> </span>\ue61f\ue61b\ue619Investment funds<span class=\"_ _107\"> </span>\ue617\ue61d<span class=\"_ _a7\"> </span>- (\ue61d)Assets held by insurance company\ue616\ue61a\ue619<span class=\"_ _251\"> </span>\ue616\ue618\ue618TOT<span class=\"_ _0\"></span>AL<span class=\"_ _19e\"> </span><span class=\"ls1 ws1\">1,284<span class=\"_ _251\"> </span>901</span>(1) Mainly Belgian DC-plans w<span class=\"_ _0\"></span>ith return guar<span class=\"_ _0\"></span>anteed by law<span class=\"_ _2\"></span>, and the annuity<span class=\"_ _0\"></span> buy-in contr<span class=\"_ _0\"></span>acts in the UK.\ue618e de-risking activity<span class=\"_ _0\"></span> in the UK in 2021 included the pur<span class=\"_ _0\"></span>chase of an annuity buy<span class=\"_ _0\"></span>-in contract b<span class=\"_ _0\"></span>acking 70% of the pensioner<span class=\"_ _0\"></span> liabilities (239 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21), as <span class=\"_ _0\"></span>well as a chang<span class=\"_ _0\"></span>e in the inves<span class=\"_ _0\"></span>tment strategy f<span class=\"_ _0\"></span>or the plan to include LDI inves<span class=\"_ _0\"></span>tment funds to better ma<span class=\"_ _0\"></span>tch the UK<span class=\"_ _0\"></span>-plan liabilities and reduce inter<span class=\"_ _0\"></span>est ra<span class=\"_ _0\"></span>te and in\ue617ation risks.<span class=\"_ _0\"></span> In 2022,<span class=\"_ _0\"></span> the de-risking activity in the UK include<span class=\"_ _0\"></span>d the purchase of an annuity buy<span class=\"_ _0\"></span>-in contra<span class=\"_ _0\"></span>ct such that the buy<span class=\"_ _0\"></span>-in policies held by the UK plan now cov<span class=\"_ _0\"></span>er all pensioner<span class=\"_ _2\"></span> members and substantially all deferred members (319 million Euro at December<span class=\"_ _2\"></span> 31, 2022).For<span class=\"_ _2\"></span> the equity and debt instruments the Group applies a pas<span class=\"_ _0\"></span>sive or semi-p<span class=\"_ _0\"></span>assive manag<span class=\"_ _0\"></span>ement (index tr<span class=\"_ _0\"></span>acking).At 20<span class=\"_ _0\"></span>21 and 2022 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-ends, the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of assets does not comprise equity or debt instruments of the Comp<span class=\"_ _0\"></span>any or<span class=\"_ _2\"></span> its subsidiaries.13.2.6 Expected de\ue61fned bene\ue61ft costs and cash \ue60bows for 2023For<span class=\"_ _2\"></span> 2023, the Gr<span class=\"_ _0\"></span>oup expects for<span class=\"_ _0\"></span> the de\ue615ned bene\ue615t plans of its material countries a total de\ue615ned bene\ue615t cost in pr<span class=\"_ _0\"></span>o\ue615t or loss of 48 million Euro<span class=\"_ _2\"></span>, comprising of 27 million Eur<span class=\"_ _0\"></span>o service cost (of which 1<span class=\"_ _0\"></span>3 million Euro re<span class=\"_ _0\"></span>lated to de\ue615ned contribution plans in Belgium),<span class=\"_ _0\"></span> 2 million Euro adminis<span class=\"_ _0\"></span>trativ<span class=\"_ _0\"></span>e expenses and taxes and 20 million E<span class=\"_ _0\"></span>uro net interest cos<span class=\"_ _0\"></span>ts. During the 202<span class=\"_ _0\"></span>3 \ue615scal year<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup expects to contribute 15 million E<span class=\"_ _0\"></span>uro to its material f<span class=\"_ _0\"></span>unded retirement plans (<span class=\"_ _0\"></span>com<span class=\"ws1\">-</span>pared to 1<span class=\"_ _0\"></span>6 million Euro in 20<span class=\"_ _2\"></span>22). \ue618is amount e<span class=\"_ _0\"></span>xcludes the estimate<span class=\"_ _0\"></span>d contribution payments f<span class=\"_ _0\"></span>or the de\ue615ned contribution plans in Belgium amounting to 15 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>22: 15 million Eur<span class=\"_ _0\"></span>o). <span class=\"_ _0\"></span>Additionally<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup expects to make dir<span class=\"_ _0\"></span>ect bene\ue615t payments totalin<span class=\"_ _0\"></span>g 39 million Euro to bene\ue615ciaries of its ma<span class=\"_ _0\"></span>terial unfunded retir<span class=\"_ _0\"></span>ement plans (compar<span class=\"_ _0\"></span>ed to 39 mil<span class=\"ws1\">-</span>lion Euro in 20<span class=\"_ _2\"></span>22).\ue618e estimated contributions and bene\ue615t p<span class=\"_ _0\"></span>ayments as we<span class=\"_ _0\"></span>ll as the de\ue615ned bene\ue615t cost for<span class=\"_ _0\"></span> the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s de\ue615ned bene\ue615t plans comprise the cash\ue617ows and de\ue615ned bene\ue615t cost f<span class=\"_ _0\"></span>or the O\ue614set Solutions division,<span class=\"_ _2\"></span> estimated to amount for 5 million E<span class=\"_ _0\"></span>uro respectively<span class=\"_ _0\"></span> 3 million Euro on a full y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> basis.\ue67f\ue69d.<span class=\"_ _0\"></span> LONG\ue684<span class=\"_ _2\"></span>TERM TERMINA<span class=\"_ _2\"></span>TION BENEFITSLong-term termination bene\ue615ts result fr<span class=\"_ _0\"></span>om the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s commitment to either termina<span class=\"_ _0\"></span>te the employment before the nor<span class=\"_ _2\"></span><span class=\"ws1\">-</span>mal retirement d<span class=\"_ _0\"></span>ate or pr<span class=\"_ _0\"></span>ovide termina<span class=\"_ _0\"></span>tion bene\ue615ts as a result of an o\ue614er<span class=\"_ _0\"></span> made to encourag<span class=\"_ _0\"></span>e voluntary re<span class=\"_ _0\"></span>dundancy<span class=\"_ _2\"></span>. A<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> long-term termination bene\ue615ts amounted to 5 million Euro (8 million Eur<span class=\"_ _0\"></span>o at December 31,<span class=\"_ _2\"></span> 2021) and mainly rel<span class=\"_ _0\"></span>ate to sever<span class=\"_ _0\"></span>ance payments in connection <span class=\"_ _0\"></span>with early r<span class=\"_ _0\"></span>etirement arr<span class=\"_ _0\"></span>angements with emplo<span class=\"_ _0\"></span>yees of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Belgian entities.\ue67f\ue6a0.<span class=\"_ _0\"></span> SHARE\ue684BASED P<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>YMENT TRANSA<span class=\"_ _0\"></span>CTIONSIn the course of 2020<span class=\"_ _0\"></span>, the Boar<span class=\"_ _2\"></span>d of<span class=\"_ _22\"></span> Directors has appointed Mr<span class=\"_ _2\"></span>. P<span class=\"_ _2\"></span>ascal Ju\u00e9ry as CEO of the Agfa-Gev<span class=\"_ _2\"></span>aert Group and Man<span class=\"ws1\">-</span>aging Director<span class=\"_ _2\"></span>. Mr<span class=\"_ _2\"></span>. Ju\u00e9ry is eligible for<span class=\"_ _0\"></span> a long-term v<span class=\"_ _0\"></span>ariable compensation,<span class=\"_ _0\"></span> embedded in a Stock <span class=\"_ _0\"></span>Appreciation Rights Pl<span class=\"_ _0\"></span>an that can result in an a<span class=\"_ _0\"></span>dditional cash bonus.\ue618e key components of the Stock <span class=\"_ _0\"></span>Appreciation Rights Pl<span class=\"_ _0\"></span>an are the follow<span class=\"_ _0\"></span>ing: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 lsb ws67\">Over<span class=\"_ _2\"></span> a period of<span class=\"_ _22\"></span> \ue615ve ye<span class=\"_ _2\"></span>ars, commencing on Febr<span class=\"_ _0\"></span>uary 1, 20<span class=\"_ _0\"></span>20,<span class=\"_ _0\"></span> Mr<span class=\"_ _2\"></span>. Ju\u00e9ry will annually receiv<span class=\"_ _0\"></span>e 200,<span class=\"_ _2\"></span>000 Stock Appreci<span class=\"ls1 ws1\">-</span></span></span>ation Rights; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws18\">\ue618e strike price for<span class=\"_ _2\"></span> these Stock Appreciation Rights h<span class=\"_ _0\"></span>as been set for the <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> 2020 at 4.<span class=\"_ _0\"></span>75 Eur<span class=\"_ _0\"></span>o (to be adjusted do<span class=\"_ _0\"></span>wnw<span class=\"_ _2\"></span>ards </span></span>for an<span class=\"_ _2\"></span>y dividend distribution). <span class=\"_ _0\"></span>As of 2021, the s<span class=\"_ _0\"></span>trike price is depending on the av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e closing price of the Agfa-Gev<span class=\"_ _2\"></span>aert share during the 30 da<span class=\"_ _0\"></span>ys precedin<span class=\"_ _0\"></span>g the grant date<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618e strike price for<span class=\"_ _2\"></span> this second tranche w<span class=\"_ _0\"></span>as 3.<span class=\"_ _0\"></span>7793 E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, and for<span class=\"_ _2\"></span> the third tr<span class=\"_ _0\"></span>anche w<span class=\"_ _0\"></span>as 3,6 Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the total outs<span class=\"_ _0\"></span>tanding stock appreci<span class=\"_ _0\"></span>ation rights amount to 600,<span class=\"_ _0\"></span>000; 200,<span class=\"_ _0\"></span>000 at strike price of 4.<span class=\"_ _2\"></span>75 Euro<span class=\"_ _0\"></span>, 200<span class=\"_ _0\"></span>,000 at s<span class=\"_ _0\"></span>trike price of 3.<span class=\"_ _2\"></span>7793 Euro and 200<span class=\"_ _0\"></span>,000 at s<span class=\"_ _0\"></span>trike price of 3,6 Eur<span class=\"_ _0\"></span>o;   <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span>\ue618e fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>of the Stock Apprecia<span class=\"_ _0\"></span>tion Rights Plan is calculated usin<span class=\"_ _0\"></span>g a Black &amp; Sholes model <span class=\"_ _0\"></span>with expected lif<span class=\"_ _0\"></span>e of 10 years f<span class=\"_ _0\"></span>or the \ue615rst tw<span class=\"_ _0\"></span>o tranches and <span class=\"_ _0\"></span>with an expected life of \ue615v<span class=\"_ _0\"></span>e years f<span class=\"_ _0\"></span>or the thir<span class=\"_ _0\"></span>d tranche and is pr<span class=\"_ _0\"></span>esented as a liability w<span class=\"_ _0\"></span>ith corresponding chang<span class=\"_ _0\"></span>es in fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss (20<span class=\"_ _2\"></span>22: -0.1 million Euro; 20<span class=\"_ _0\"></span>21: -0.3 million E<span class=\"_ _0\"></span>uro).In the course of 2021 and 20<span class=\"_ _0\"></span>22, a long-term <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>able compensation, embedde<span class=\"_ _0\"></span>d in a Stock Appreci<span class=\"_ _0\"></span>ation Rights Plan that can result in an additional cash bonus,<span class=\"_ _2\"></span> was grante<span class=\"_ _0\"></span>d to key personnel members of the Group<span class=\"_ _2\"></span>. \ue618e key components of this Stock <span class=\"_ _0\"></span>Appreciations Rights Pl<span class=\"_ _0\"></span>an are the follow<span class=\"_ _0\"></span>ing:  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws34\">At March 9,<span class=\"_ _0\"></span> 2021 an amount of 830<span class=\"_ _0\"></span>,000 Stock<span class=\"_ _0\"></span> Appreciation Rig<span class=\"_ _0\"></span>hts have been gr<span class=\"_ _2\"></span>anted to key member personnel.<span class=\"_ _2\"></span> \ue618e </span></span>outstanding Stock <span class=\"_ _0\"></span>Appreciation Rights at December<span class=\"_ _2\"></span> 31, 2022 amount to 665,<span class=\"_ _0\"></span>000;  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e strike price of these Stock <span class=\"_ _0\"></span>Appreciation Rights h<span class=\"_ _0\"></span>ave been set at 3.<span class=\"_ _2\"></span>7793 Eur<span class=\"_ _0\"></span>o;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws24\">At March 9,<span class=\"_ _0\"></span> 2022 an amount of 1,<span class=\"_ _0\"></span>397<span class=\"_ _2\"></span>,000 Stock Appreci<span class=\"_ _0\"></span>ation Rights hav<span class=\"_ _0\"></span>e been granted to k<span class=\"_ _2\"></span>ey member personnel. <span class=\"_ _2\"></span>\ue618e </span></span>outstanding Stock <span class=\"_ _0\"></span>Appreciation Rights at December<span class=\"_ _2\"></span> 31, 2022 amount to 1,<span class=\"_ _0\"></span>332,000;  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e strike price of these Stock <span class=\"_ _0\"></span>Appreciation Rights h<span class=\"_ _0\"></span>ave been set at 3.<span class=\"_ _0\"></span>6 Euro;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span>\ue618e fair<span class=\"_ _0\"></span> value of the Stock<span class=\"_ _0\"></span> Apprecia<span class=\"_ _0\"></span>tion Rights Plan is calculated using a Bl<span class=\"_ _0\"></span>ack &amp; Sholes model w<span class=\"_ _0\"></span>ith expected life of \ue615v<span class=\"_ _0\"></span>e years and is pr<span class=\"_ _0\"></span>esented as a liability <span class=\"_ _0\"></span>with corresponding ch<span class=\"_ _0\"></span>anges in fair<span class=\"_ _2\"></span> value recognize<span class=\"_ _0\"></span>d in pro\ue615t or los<span class=\"_ _0\"></span>s (2022: -0<span class=\"_ _0\"></span>,2 million Euro; 20<span class=\"_ _2\"></span>21: -0.3 million Euro<span class=\"_ _0\"></span>).\ue618e total liability r<span class=\"_ _0\"></span>elated to the shar<span class=\"_ _0\"></span>e appreciation rights amounts to 1 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22. \ue67f\ue6ad.<span class=\"_ _0\"></span> OTHER EMPLO<span class=\"_ _2\"></span>YEE BENEFITS\ue618e split between long-term and short-term emplo<span class=\"_ _0\"></span>yee bene\ue615ts is presented in the table be<span class=\"_ _0\"></span>low:MILLION EURO<span class=\"_ _1cb\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _180\"> </span><span class=\"ffc\">2022</span>Long-term employee bene\ue614ts<span class=\"_ _200\"> </span>\ue61d\ue61d<span class=\"_ _23a\"> </span>\ue61bShort-term employee bene\ue614ts\ue610\ue610\ue610\ue610\ue610\ue610 Liabilities for social expenses<span class=\"_ _253\"> </span>\ue61f\ue61e<span class=\"_ _1e5\"> </span>\ue61d\ue61b\ue610\ue610\ue610\ue610\ue610 Payroll liabilities<span class=\"_ _1cb\"> </span>\ue61a<span class=\"_ _1c2\"> </span>\ue616\ue610\ue610\ue610\ue610\ue610 Other short-term liabilities<span class=\"_ _168\"> </span>\ue619\ue617<span class=\"_ _3f\"> </span>\ue619\ue61fTOT<span class=\"_ _0\"></span>AL\ue614<span class=\"_ _126\"> </span><span class=\"ls1 ws1\">110<span class=\"_ _251\"> </span>105</span>Long-term employee bene\ue615ts comprise a long-term disa<span class=\"_ _0\"></span>bility plan in the US,<span class=\"_ _0\"></span> the plans \u2018Jubilee<span class=\"_ _2\"></span>\u2019 and \u2018P<span class=\"_ _0\"></span>ensionsurlaub<span class=\"_ _2\"></span>\u2019 in Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> \u2018Jubilee<span class=\"_ _2\"></span>\u2019 bene\ue615ts in Belgium and some other long-service le<span class=\"_ _0\"></span>ave and service a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, these amounted to 9 million E<span class=\"_ _0\"></span>uro (11 million Eur<span class=\"_ _0\"></span>o at December 31,<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>). Other short-term emplo<span class=\"_ _0\"></span>yee bene\ue615ts comprise liabilities set up for<span class=\"_ _2\"></span> all commitments relating to the workfor<span class=\"_ _0\"></span>ce in the broad<span class=\"ws1\">-</span>est sense such as accruals f<span class=\"_ _0\"></span>or v<span class=\"_ _2\"></span>acation entitlements and \ue617exi-time surpluses, continua<span class=\"_ _0\"></span>tion of wag<span class=\"_ _0\"></span>e and salary payments in the event of sickness amounts pa<span class=\"_ _0\"></span>yable <span class=\"_ _0\"></span>within 12 months, short-term disa<span class=\"_ _0\"></span>bility bene\ue615ts, accr<span class=\"_ _0\"></span>uals for bonuses of all kinds,<span class=\"_ _0\"></span> payments under<span class=\"_ _2\"></span> pro\ue615t-sharing plans.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__33": {
   "value": "SHARE\ue684BASED P<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>YMENT TRANSA<span class=\"_ _0\"></span>CTIONSIn the course of 2020<span class=\"_ _0\"></span>, the Boar<span class=\"_ _2\"></span>d of<span class=\"_ _22\"></span> Directors has appointed Mr<span class=\"_ _2\"></span>. P<span class=\"_ _2\"></span>ascal Ju\u00e9ry as CEO of the Agfa-Gev<span class=\"_ _2\"></span>aert Group and Man<span class=\"ws1\">-</span>aging Director<span class=\"_ _2\"></span>. Mr<span class=\"_ _2\"></span>. Ju\u00e9ry is eligible for<span class=\"_ _0\"></span> a long-term v<span class=\"_ _0\"></span>ariable compensation,<span class=\"_ _0\"></span> embedded in a Stock <span class=\"_ _0\"></span>Appreciation Rights Pl<span class=\"_ _0\"></span>an that can result in an a<span class=\"_ _0\"></span>dditional cash bonus.\ue618e key components of the Stock <span class=\"_ _0\"></span>Appreciation Rights Pl<span class=\"_ _0\"></span>an are the follow<span class=\"_ _0\"></span>ing: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 lsb ws67\">Over<span class=\"_ _2\"></span> a period of<span class=\"_ _22\"></span> \ue615ve ye<span class=\"_ _2\"></span>ars, commencing on Febr<span class=\"_ _0\"></span>uary 1, 20<span class=\"_ _0\"></span>20,<span class=\"_ _0\"></span> Mr<span class=\"_ _2\"></span>. Ju\u00e9ry will annually receiv<span class=\"_ _0\"></span>e 200,<span class=\"_ _2\"></span>000 Stock Appreci<span class=\"ls1 ws1\">-</span></span></span>ation Rights; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws18\">\ue618e strike price for<span class=\"_ _2\"></span> these Stock Appreciation Rights h<span class=\"_ _0\"></span>as been set for the <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> 2020 at 4.<span class=\"_ _0\"></span>75 Eur<span class=\"_ _0\"></span>o (to be adjusted do<span class=\"_ _0\"></span>wnw<span class=\"_ _2\"></span>ards </span></span>for an<span class=\"_ _2\"></span>y dividend distribution). <span class=\"_ _0\"></span>As of 2021, the s<span class=\"_ _0\"></span>trike price is depending on the av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e closing price of the Agfa-Gev<span class=\"_ _2\"></span>aert share during the 30 da<span class=\"_ _0\"></span>ys precedin<span class=\"_ _0\"></span>g the grant date<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618e strike price for<span class=\"_ _2\"></span> this second tranche w<span class=\"_ _0\"></span>as 3.<span class=\"_ _0\"></span>7793 E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, and for<span class=\"_ _2\"></span> the third tr<span class=\"_ _0\"></span>anche w<span class=\"_ _0\"></span>as 3,6 Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the total outs<span class=\"_ _0\"></span>tanding stock appreci<span class=\"_ _0\"></span>ation rights amount to 600,<span class=\"_ _0\"></span>000; 200,<span class=\"_ _0\"></span>000 at strike price of 4.<span class=\"_ _2\"></span>75 Euro<span class=\"_ _0\"></span>, 200<span class=\"_ _0\"></span>,000 at s<span class=\"_ _0\"></span>trike price of 3.<span class=\"_ _2\"></span>7793 Euro and 200<span class=\"_ _0\"></span>,000 at s<span class=\"_ _0\"></span>trike price of 3,6 Eur<span class=\"_ _0\"></span>o;   <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span>\ue618e fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>of the Stock Apprecia<span class=\"_ _0\"></span>tion Rights Plan is calculated usin<span class=\"_ _0\"></span>g a Black &amp; Sholes model <span class=\"_ _0\"></span>with expected lif<span class=\"_ _0\"></span>e of 10 years f<span class=\"_ _0\"></span>or the \ue615rst tw<span class=\"_ _0\"></span>o tranches and <span class=\"_ _0\"></span>with an expected life of \ue615v<span class=\"_ _0\"></span>e years f<span class=\"_ _0\"></span>or the thir<span class=\"_ _0\"></span>d tranche and is pr<span class=\"_ _0\"></span>esented as a liability w<span class=\"_ _0\"></span>ith corresponding chang<span class=\"_ _0\"></span>es in fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss (20<span class=\"_ _2\"></span>22: -0.1 million Euro; 20<span class=\"_ _0\"></span>21: -0.3 million E<span class=\"_ _0\"></span>uro).In the course of 2021 and 20<span class=\"_ _0\"></span>22, a long-term <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>able compensation, embedde<span class=\"_ _0\"></span>d in a Stock Appreci<span class=\"_ _0\"></span>ation Rights Plan that can result in an additional cash bonus,<span class=\"_ _2\"></span> was grante<span class=\"_ _0\"></span>d to key personnel members of the Group<span class=\"_ _2\"></span>. \ue618e key components of this Stock <span class=\"_ _0\"></span>Appreciations Rights Pl<span class=\"_ _0\"></span>an are the follow<span class=\"_ _0\"></span>ing:  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws34\">At March 9,<span class=\"_ _0\"></span> 2021 an amount of 830<span class=\"_ _0\"></span>,000 Stock<span class=\"_ _0\"></span> Appreciation Rig<span class=\"_ _0\"></span>hts have been gr<span class=\"_ _2\"></span>anted to key member personnel.<span class=\"_ _2\"></span> \ue618e </span></span>outstanding Stock <span class=\"_ _0\"></span>Appreciation Rights at December<span class=\"_ _2\"></span> 31, 2022 amount to 665,<span class=\"_ _0\"></span>000;  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e strike price of these Stock <span class=\"_ _0\"></span>Appreciation Rights h<span class=\"_ _0\"></span>ave been set at 3.<span class=\"_ _2\"></span>7793 Eur<span class=\"_ _0\"></span>o;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws24\">At March 9,<span class=\"_ _0\"></span> 2022 an amount of 1,<span class=\"_ _0\"></span>397<span class=\"_ _2\"></span>,000 Stock Appreci<span class=\"_ _0\"></span>ation Rights hav<span class=\"_ _0\"></span>e been granted to k<span class=\"_ _2\"></span>ey member personnel. <span class=\"_ _2\"></span>\ue618e </span></span>outstanding Stock <span class=\"_ _0\"></span>Appreciation Rights at December<span class=\"_ _2\"></span> 31, 2022 amount to 1,<span class=\"_ _0\"></span>332,000;  <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e strike price of these Stock <span class=\"_ _0\"></span>Appreciation Rights h<span class=\"_ _0\"></span>ave been set at 3.<span class=\"_ _0\"></span>6 Euro;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights will <span class=\"_ _0\"></span>vest for<span class=\"_ _0\"></span> one/<span class=\"_ _2\"></span>third of each gr<span class=\"_ _0\"></span>ant at the end of each calendar<span class=\"_ _2\"></span> year o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> three ye<span class=\"_ _0\"></span>ars;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue618e Stock Appr<span class=\"_ _0\"></span>eciation Rights can be ex<span class=\"_ _0\"></span>ercised at the e<span class=\"_ _0\"></span>arliest three y<span class=\"_ _0\"></span>ears after<span class=\"_ _0\"></span> grant.</span></span>\ue618e fair<span class=\"_ _0\"></span> value of the Stock<span class=\"_ _0\"></span> Apprecia<span class=\"_ _0\"></span>tion Rights Plan is calculated using a Bl<span class=\"_ _0\"></span>ack &amp; Sholes model w<span class=\"_ _0\"></span>ith expected life of \ue615v<span class=\"_ _0\"></span>e years and is pr<span class=\"_ _0\"></span>esented as a liability <span class=\"_ _0\"></span>with corresponding ch<span class=\"_ _0\"></span>anges in fair<span class=\"_ _2\"></span> value recognize<span class=\"_ _0\"></span>d in pro\ue615t or los<span class=\"_ _0\"></span>s (2022: -0<span class=\"_ _0\"></span>,2 million Euro; 20<span class=\"_ _2\"></span>21: -0.3 million Euro<span class=\"_ _0\"></span>).\ue618e total liability r<span class=\"_ _0\"></span>elated to the shar<span class=\"_ _0\"></span>e appreciation rights amounts to 1 million E<span class=\"_ _0\"></span>uro at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__35-1": {
   "value": "INCOME T<span class=\"_ _2\"></span>AXES\ue618e Group is subject to income taxes in numer<span class=\"_ _0\"></span>ous jurisdictions. Uncertainties e<span class=\"_ _0\"></span>xist with r<span class=\"_ _0\"></span>espect to the interpretations of complex tax regul<span class=\"_ _0\"></span>ations in the respective countries.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group establishes accr<span class=\"_ _0\"></span>uals for anticip<span class=\"_ _0\"></span>ated tax audit iss<span class=\"_ _0\"></span>ues based on reason<span class=\"_ _0\"></span>able estimates of whether<span class=\"_ _2\"></span> additional taxes will be due<span class=\"_ _0\"></span>, considering v<span class=\"_ _2\"></span>arious factors such as experience w<span class=\"_ _0\"></span>ith previous tax audits and di\ue614ering legal interpr<span class=\"_ _0\"></span>etations by the taxable entit<span class=\"_ _0\"></span>y and the responsible tax authority<span class=\"_ _2\"></span>.Di\ue614erences arising betw<span class=\"_ _0\"></span>een the actual results and the as<span class=\"_ _0\"></span>sumptions made<span class=\"_ _0\"></span>, or<span class=\"_ _2\"></span> future changes to such assumptions,<span class=\"_ _0\"></span> could necessitate adjustments to tax income and e<span class=\"_ _0\"></span>xpense in future periods.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup is closely follo<span class=\"_ _0\"></span>wing up on tax develop<span class=\"ws1\">-</span>ments at OECD (P<span class=\"_ _0\"></span>illars 1 and 2), E<span class=\"_ _0\"></span>U (Pillar<span class=\"_ _0\"></span> 2, BEFIT<span class=\"_ _1\"></span>, others) as these measur<span class=\"_ _0\"></span>es may ha<span class=\"_ _0\"></span>ve an impact on the tax position in the longer<span class=\"_ _0\"></span> term.\ue618e break<span class=\"_ _2\"></span>down of the income tax expenses by origin is as follow<span class=\"_ _0\"></span>s:MILLION EURO<span class=\"_ _1cb\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _180\"> </span><span class=\"ffc\">2022</span>T<span class=\"_ _2\"></span>axes paid or accrued<span class=\"_ _254\"> </span>\ue61f\ue61e<span class=\"_ _1e5\"> </span>\ue61a\ue61d\ue610\ue610\ue610\ue610 Related to this year<span class=\"_ _64\"> </span>\ue61f\ue61a<span class=\"_ _1e5\"> </span>\ue61f\ue61c\ue610\ue610\ue610\ue610 Related to prior years<span class=\"_ _146\"> </span>(\ue61a)<span class=\"_ _23a\"> </span>\ue61aDeferred tax expense (income)<span class=\"_ _255\"> </span>(\ue618)<span class=\"_ _1e5\"> </span>\ue61d\ue61f\ue610\ue610\ue610\ue610 From temporary di\ue615erences<span class=\"_ _255\"> </span>(\ue61f)<span class=\"_ _a7\"> </span>-\ue610\ue610\ue610\ue610 From tax loss carryforwards and tax credits<span class=\"_ _256\"> </span>(\ue61a)<span class=\"_ _1e5\"> </span>\ue61d\ue61fIncome tax expense<span class=\"_ _112\"> </span>15<span class=\"_ _1e5\"> </span>42Current tax expenses h<span class=\"_ _0\"></span>ave incre<span class=\"_ _2\"></span>ased from 20 million Euro in 20<span class=\"_ _0\"></span>21 to 31 million Euro in 20<span class=\"_ _2\"></span>22. \ue618is is m<span class=\"_ _0\"></span>ainly explained b<span class=\"_ _0\"></span>y changes in the Gr<span class=\"_ _0\"></span>oup structure<span class=\"_ _2\"></span>, such as separa<span class=\"_ _0\"></span>te entities create<span class=\"_ _0\"></span>d in prepar<span class=\"_ _0\"></span>ation of the divestment for<span class=\"_ _2\"></span> the O\ue614set division, which re<span class=\"_ _0\"></span>alized taxable pr<span class=\"_ _0\"></span>o\ue615ts. Deferred tax income of 5 million Eur<span class=\"_ _0\"></span>o in 2021 has ev<span class=\"_ _0\"></span>olved to a deferr<span class=\"_ _0\"></span>ed tax expense of 12 million Eur<span class=\"_ _0\"></span>o in 2022.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is is main<span class=\"ws1\">-</span>ly the result of a v<span class=\"_ _2\"></span>aluation loss on deferred tax assets r<span class=\"_ _0\"></span>ecognized in prev<span class=\"_ _0\"></span>ious years r<span class=\"_ _0\"></span>elating to the O\ue614set a<span class=\"_ _0\"></span>ctivities which are no longer<span class=\"_ _0\"></span> expected to be reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>.  Further inform<span class=\"_ _0\"></span>ation on the major<span class=\"_ _0\"></span> components of tax expense (income) is pr<span class=\"_ _0\"></span>ovided in the ta<span class=\"_ _0\"></span>ble re\ue617ecting the reconcilia<span class=\"_ _0\"></span>tion between the theoretical tax r<span class=\"_ _2\"></span>ate and the e\ue614ective tax rate in N<span class=\"_ _0\"></span>ote 17<span class=\"_ _2\"></span>.3.2.1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 Current income tax assets and liabilitiesAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, curr<span class=\"_ _0\"></span>ent income tax assets amount to 56 million Euro (2<span class=\"_ _0\"></span>021: 63 million E<span class=\"_ _0\"></span>uro),<span class=\"_ _0\"></span> of which 80% rel<span class=\"_ _0\"></span>ates to the refund of R&amp;D tax credits.<span class=\"_ _2\"></span> Current income tax liabilities amount to 2<span class=\"_ _0\"></span>9 million Euro (20<span class=\"_ _2\"></span>21: 28 million Euro), of which 1<span class=\"_ _0\"></span>6 million Euro (20<span class=\"_ _0\"></span>21: 17 million Euro<span class=\"_ _0\"></span>) relates to uncertain tax positions.<span class=\"_ _0\"></span> From these uncertain tax positions 8 million Eur<span class=\"_ _0\"></span>o is relatin<span class=\"_ _0\"></span>g to ongoing tax audits,<span class=\"_ _0\"></span> procedures and litig<span class=\"_ _0\"></span>ations in v<span class=\"_ _0\"></span>arious jurisdictions (2021: 9 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> Another 7 million E<span class=\"_ _0\"></span>uro is re<span class=\"_ _0\"></span>lating to potential discussions in respect of tr<span class=\"_ _0\"></span>ansfer pricing<span class=\"_ _2\"></span>. Although the Group is con\ue615dent that all of its intr<span class=\"_ _2\"></span>agroup dealing are at arm<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s length and documented, tr<span class=\"_ _2\"></span>ansfer pricing is a topic that continues to trigg<span class=\"_ _0\"></span>er scrutin<span class=\"_ _2\"></span>y from tax authorities worldwide<span class=\"_ _2\"></span>. Some discussions may le<span class=\"_ _2\"></span>ad to double taxation, where<span class=\"_ _0\"></span>by the outcome of mutual agreement pr<span class=\"_ _0\"></span>ocedures or<span class=\"_ _0\"></span> other pr<span class=\"_ _0\"></span>ocedures might still hav<span class=\"_ _0\"></span>e a negative e\ue614ect on the tax e<span class=\"_ _0\"></span>xpense.Current income tax for<span class=\"_ _2\"></span> current and prior periods are<span class=\"_ _0\"></span>, to the e<span class=\"_ _0\"></span>xtent unpaid, r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. If the amount alre<span class=\"_ _0\"></span>ady paid in respect of current and prior<span class=\"_ _2\"></span> periods exceeds the amount due for<span class=\"_ _0\"></span> those periods, the ex<span class=\"_ _0\"></span>cess is recognized as an as<span class=\"_ _0\"></span>set.Current income tax assets ar<span class=\"_ _0\"></span>e o\ue614set against current income tax liabilities <span class=\"_ _0\"></span>when they rel<span class=\"_ _0\"></span>ate to taxes levied b<span class=\"_ _0\"></span>y the same taxa<span class=\"ws1\">-</span>tion authority and are intende<span class=\"_ _0\"></span>d to be settled on a net basis.\ue618e Group believes th<span class=\"_ _0\"></span>at its accruals for<span class=\"_ _2\"></span> tax liabilities are adequate for<span class=\"_ _0\"></span> all open tax ye<span class=\"_ _0\"></span>ars based on its assessment of man<span class=\"_ _2\"></span>y factors as expl<span class=\"_ _0\"></span>ained above<span class=\"_ _2\"></span>.1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Deferred tax assets and liabilitiesDeferred tax assets ar<span class=\"_ _0\"></span>e the amounts of income taxes recov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble in future periods in respect of deductible tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614e<span class=\"ws1\">-</span>rences, the carry<span class=\"_ _0\"></span>-forwar<span class=\"_ _0\"></span>d of unused tax losses and the carry-forw<span class=\"_ _0\"></span>ard of unused tax credits.Deferred tax assets ar<span class=\"_ _0\"></span>e recognized <span class=\"_ _0\"></span>where it is su\ue616ciently pr<span class=\"_ _0\"></span>obable that tax<span class=\"_ _0\"></span>able income will be av<span class=\"_ _2\"></span>ailable in the future to enable the deductible tempor<span class=\"_ _0\"></span>ary di\ue614erences, tax los<span class=\"_ _0\"></span>s carry forwar<span class=\"_ _0\"></span>ds and tax credits to be utilized.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management reg<span class=\"_ _0\"></span>ularly assesses the r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ability of its deferr<span class=\"_ _0\"></span>ed tax assets, mainly<span class=\"_ _0\"></span> based on the long-term business plans for<span class=\"_ _0\"></span> the divisions He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions, Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals and O\ue614set Solutions and considering historical pro\ue615tabilit<span class=\"_ _0\"></span>y and projected futur<span class=\"_ _0\"></span>e taxable income of the individual consolida<span class=\"_ _0\"></span>ted entities that are involv<span class=\"_ _0\"></span>ed. Other<span class=\"_ _2\"></span> parameters such as the expected timin<span class=\"_ _0\"></span>g of the reversals of existing tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences and tax plannin<span class=\"_ _0\"></span>g stra<span class=\"_ _0\"></span>tegies are considered as w<span class=\"_ _0\"></span>ell in this assessment.<span class=\"_ _0\"></span> Material chang<span class=\"_ _0\"></span>es to business plans and/<span class=\"_ _2\"></span>or busines<span class=\"_ _0\"></span>s (goods and servi<span class=\"ws1\">-</span>ces) \ue617ows imp<span class=\"_ _0\"></span>acting the taxable pr<span class=\"_ _0\"></span>o\ue615t or loss of certain entities of the Group m<span class=\"_ _0\"></span>ay in\ue617uence the re<span class=\"_ _0\"></span>alization of deferred tax assets. Di\ue614er<span class=\"_ _0\"></span>ences arising between the a<span class=\"_ _0\"></span>ctual results and the ass<span class=\"_ _0\"></span>umptions made<span class=\"_ _0\"></span>, or<span class=\"_ _0\"></span> future chang<span class=\"_ _0\"></span>es to such assumptions,<span class=\"_ _0\"></span> could necessitate rev<span class=\"_ _0\"></span>ersing certain deferred tax assets r<span class=\"_ _0\"></span>esulting in an incre<span class=\"_ _0\"></span>ase of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s e\ue614ective tax r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>.Deferred tax lia<span class=\"_ _0\"></span>bilities are the amounts of income taxes pa<span class=\"_ _0\"></span>ya<span class=\"_ _0\"></span>ble in future periods in respect of taxable tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y differences.<span class=\"_ _2\"></span> Deferred tax assets and deferred tax lia<span class=\"_ _0\"></span>bilities are offset if they re<span class=\"_ _0\"></span>late to income taxes levie<span class=\"_ _0\"></span>d by the same<span class=\"_ _0\"></span> taxation authority<span class=\"_ _2\"></span>.Deferred tax assets and li<span class=\"_ _0\"></span>abilities are attributable to the follo<span class=\"_ _0\"></span>wing items:December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _1c0\"> </span><span class=\"ffc\">December 31, 2022</span>MILLION EUROAssets<span class=\"_ _a5\"> </span>Liabilities<span class=\"_ _da\"> </span>Net<span class=\"_ _1bc\"> </span><span class=\"ffc\">Assets<span class=\"_ _88\"> </span>Liabilities<span class=\"_ _da\"> </span>Net</span>Intangible assets and goodwill<span class=\"_ _3d\"> </span>\ue61f\ue619<span class=\"_ _2b\"> </span>\ue61f<span class=\"_ _2f\"> </span>\ue61f\ue618<span class=\"_ _2f\"> </span>\ue61f\ue61b<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2f\"> </span>\ue61f\ue61cProperty<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _3d\"> </span>\ue61d\ue61d<span class=\"_ _2b\"> </span>\ue61c<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _257\"> </span>(\ue61a)Right-of-use assets<span class=\"_ _258\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue619<span class=\"_ _232\"> </span>(\ue61d\ue619)<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue618<span class=\"_ _232\"> </span>(\ue61d\ue618)Investments in associates and non-current \ue614nancial assets<span class=\"_ _136\"> </span>-<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61a)<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61a)Inventories<span class=\"_ _25a\"> </span>\ue61f\ue61e<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _2f\"> </span>\ue61d\ue619<span class=\"_ _2f\"> </span>\ue61d\ue616<span class=\"_ _c1\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue616Receivables<span class=\"_ _25b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _185\"> </span>(\ue61f)Provisions and liabilities for post-employment bene\ue614ts<span class=\"_ _df\"> </span>\ue61a\ue61b<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2f\"> </span>\ue61a\ue617<span class=\"_ _25c\"> </span>\ue61d\ue61b<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _2f\"> </span>\ue61d\ue618Lease liabilities<span class=\"_ _1e1\"> </span>\ue61d\ue61c<span class=\"_ _259\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue61c<span class=\"_ _2f\"> </span>\ue61d\ue616<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue616Other current assets and other liabilities<span class=\"_ _1bf\"> </span>\ue61c<span class=\"_ _2b\"> </span>\ue619<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _2b\"> </span>\ue61f<span class=\"_ _2b\"> </span>\ue616Deferred tax assets and liabilities related to temporar<span class=\"_ _22\"></span>y di\ue612erences<span class=\"_ _257\"> </span>124<span class=\"_ _2f\"> </span>46<span class=\"_ _2f\"> </span>78<span class=\"_ _25c\"> </span>87<span class=\"_ _2f\"> </span>35<span class=\"_ _2f\"> </span>52T<span class=\"_ _2\"></span>ax loss carry-forwards<span class=\"_ _25d\"> </span>\ue61a\ue61c<span class=\"_ _25e\"> </span>\ue61a\ue61c<span class=\"_ _25c\"> </span>\ue61f\ue619<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61f\ue619Excess tax credits<span class=\"_ _25f\"> </span>\ue61d<span class=\"_ _260\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue61aDeferred tax assets/liabilities<span class=\"_ _249\"> </span>164<span class=\"_ _25c\"> </span>46<span class=\"_ _d0\"> </span>118<span class=\"_ _89\"> </span>117<span class=\"_ _2f\"> </span>35<span class=\"_ _2f\"> </span>82Set o\ue615 of tax<span class=\"_ _261\"> </span>(\ue616\ue61e)<span class=\"_ _232\"> </span>(\ue616\ue61e)<span class=\"_ _259\"> </span>-<span class=\"_ _232\"> </span>(\ue61f\ue617)<span class=\"_ _243\"> </span>(\ue61f\ue617)<span class=\"_ _c1\"> </span>-Net deferred tax assets/liabilities<span class=\"_ _ba\"> </span>124<span class=\"_ _2b\"> </span>6<span class=\"_ _89\"> </span>118<span class=\"_ _2f\"> </span>91<span class=\"_ _2b\"> </span>9<span class=\"_ _2f\"> </span>82\ue618e movement in tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences during 20<span class=\"_ _2\"></span>21-2022 is disclosed in N<span class=\"_ _0\"></span>ote 17<span class=\"_ _2\"></span>.4.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has a net deferred tax asset position of 8<span class=\"_ _0\"></span>2 million Euro (20<span class=\"_ _2\"></span>21: 118 million Euro). More than half of this balance r<span class=\"_ _0\"></span>elates to the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> division, mainly linke<span class=\"_ _0\"></span>d to tax attributes and R&amp;D rela<span class=\"_ _0\"></span>ted tempo<span class=\"ws1\">-</span>rary di\ue614er<span class=\"_ _0\"></span>ences in key jurisdictions.<span class=\"_ _0\"></span> \ue69dNone of these attributes or di\ue614<span class=\"_ _0\"></span>erences are subject to e<span class=\"_ _0\"></span>xpiration.<span class=\"_ _0\"></span> \ue618e Group believes it is pr<span class=\"_ _0\"></span>obable that these r<span class=\"_ _0\"></span>ecognized deferr<span class=\"_ _0\"></span>ed tax assets on HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> are reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able by 20<span class=\"_ _0\"></span>30,<span class=\"_ _0\"></span> taking into account the negative imp<span class=\"_ _0\"></span>act of newly enacted legisl<span class=\"_ _0\"></span>ation in Belgium (wher<span class=\"_ _0\"></span>eby the annual utiliza<span class=\"_ _0\"></span>tion of certain tax attributes is restricted to 1m\u20ac incr<span class=\"_ _0\"></span>eased w<span class=\"_ _0\"></span>ith 40% on the ex<span class=\"_ _0\"></span>cess, theoretically<span class=\"_ _0\"></span> resulting in a minimum e\ue614ectiv<span class=\"_ _0\"></span>e tax cash rate of 15%) in anticipation of the implementation the OE<span class=\"_ _2\"></span>CD Pillar 2 rules.<span class=\"_ _0\"></span> Without this imp<span class=\"_ _0\"></span>act, the Gr<span class=\"_ _0\"></span>oup expects these assets to be recov<span class=\"_ _0\"></span>erable b<span class=\"_ _0\"></span>y 2028.<span class=\"_ _0\"></span> Other ma<span class=\"_ _0\"></span>jor deductible tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences and res<span class=\"_ _0\"></span>ulting deferred tax as<span class=\"_ _0\"></span>set positions relate to de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans in Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> mostly rel<span class=\"_ _0\"></span>ated to active emplo<span class=\"_ _0\"></span>yees.97% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s tax losses is concentra<span class=\"_ _0\"></span>ted in seven entities in Belgium,<span class=\"_ _0\"></span> US and Germany and only<span class=\"_ _0\"></span> for 6% of the total tax loss a deferred tax as<span class=\"_ _0\"></span>set has been recognized.Deferred tax assets h<span class=\"_ _0\"></span>ave not been recogniz<span class=\"_ _0\"></span>ed in respect of <span class=\"_ _0\"></span>\u2018tax loss carry forwar<span class=\"_ _2\"></span>ds,<span class=\"_ _2\"></span>\u2019 <span class=\"_ _2\"></span>\u2018tax credits\u2019<span class=\"_ _2\"></span> and \u2018temporary di\ue614er<span class=\"_ _0\"></span>ences\u2019<span class=\"_ _0\"></span> for the amounts s<span class=\"_ _0\"></span>tated here<span class=\"_ _0\"></span>after beca<span class=\"_ _0\"></span>use it is not probable tha<span class=\"_ _0\"></span>t future taxable pr<span class=\"_ _0\"></span>o\ue615t will be av<span class=\"_ _2\"></span>ailable against which the Group can utilize the bene\ue615ts ther<span class=\"_ _0\"></span>e from: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tax loss carry-forw<span class=\"_ _0\"></span>ards: 403 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 373 million E<span class=\"_ _0\"></span>uro);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tax credits: 1<span class=\"_ _0\"></span>7 million Euro (20<span class=\"_ _2\"></span>21: 17 million Euro);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">temporary di\ue614er<span class=\"_ _0\"></span>ences: 149 million Euro (2<span class=\"_ _0\"></span>021: 158 million E<span class=\"_ _0\"></span>uro).</span></span>\ue618e deferred tax asset imp<span class=\"_ _0\"></span>act on unused tempor<span class=\"_ _0\"></span>ary di\ue614erences, tax los<span class=\"_ _0\"></span>ses and tax credits expir<span class=\"_ _0\"></span>es as followsMILLION EURO<span class=\"_ _12b\"> </span>T<span class=\"_ _2\"></span>emporary di\ue615erences<span class=\"_ _236\"> </span>T<span class=\"_ _1\"></span>ax losses<span class=\"_ _131\"> </span>T<span class=\"_ _1\"></span>ax credits<span class=\"_ _fa\"> </span><span class=\"ffc ls4 ws5\">TOTAL</span>Expiry in:\ue61f\ue61e\ue61f\ue61f<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue61a<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue616<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue618<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue617<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-after<span class=\"_ _262\"> </span>-<span class=\"_ _ef\"> </span>\ue61a\ue61c<span class=\"_ _44\"> </span>-<span class=\"_ _ef\"> </span>\ue61a\ue61cNo expiry<span class=\"_ _264\"> </span>\ue61d\ue616\ue61b<span class=\"_ _c0\"> </span>\ue61a\ue617\ue61a<span class=\"_ _ef\"> </span>\ue61d\ue619<span class=\"_ _db\"> </span>\ue618\ue61f\ue61bTOT<span class=\"_ _0\"></span>AL<span class=\"_ _265\"> </span><span class=\"ls1 ws1\">149<span class=\"_ _c0\"> </span>401<span class=\"_ _ef\"> </span>17<span class=\"_ _db\"> </span>567</span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3 Relationship between income tax expense and pro\ue61ft (loss) before income taxes1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3.1 Summary 2021 and 2022MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _24a\"> </span><span class=\"ffc\">2022</span>Pro\ue614t (loss) before income taxes<span class=\"_ _266\"> </span>\ue61d<span class=\"_ _98\"> </span>(\ue61d\ue61c\ue61d)Income tax expense<span class=\"_ _77\"> </span>\ue61d\ue618<span class=\"_ _ef\"> </span>\ue616\ue61fT<span class=\"_ _2\"></span>ax rate<span class=\"_ _227\"> </span>-<span class=\"_ _267\"> </span>-\ue61f\ue61a.\ue61a\ue619%1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3.2 Reconciliation of e\ue61eective tax rate 2021 and 2022MILLION EURO<span class=\"_ _117\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _24a\"> </span><span class=\"ffc\">2022</span>Pro\ue614t (loss) before income taxes<span class=\"_ _1aa\"> </span>\ue61d<span class=\"_ _98\"> </span>(\ue61d\ue61c\ue61d)Theoretical income tax expense (income)<span class=\"_ _268\"> </span>\ue61d<span class=\"_ _269\"> </span>(\ue616\ue618) (1)Theoretical tax rate129.17%<span class=\"_ _1a9\"> </span>24.77%Disallowed items<span class=\"_ _126\"> </span>\ue619<span class=\"_ _92\"> </span>\ue61bImpact of tax credits and other deduction from tax basis<span class=\"_ _204\"> </span>(\ue618)<span class=\"_ _ed\"> </span>(\ue61d)T<span class=\"_ _2\"></span>ax losses of the year for which no deferred tax asset has been recorded<span class=\"_ _191\"> </span>\ue616\ue61d<span class=\"_ _ef\"> </span>\ue61a\ue616T<span class=\"_ _2\"></span>ax losses used this year for which no deferred tax asset was recorded<span class=\"_ _26a\"> </span>(\ue61f)<span class=\"_ _ed\"> </span>(\ue61a)T<span class=\"_ _2\"></span>ax expense/(income) recorded on losses of previous years<span class=\"_ _26b\"> </span>(\ue618)<span class=\"_ _92\"> </span>\ue61aPrior year adjustments<span class=\"_ _1eb\"> </span>\ue61f<span class=\"_ _92\"> </span>\ue61aT<span class=\"_ _2\"></span>ax expense/(income) due to movement in deductible temporary di\ue615erences for which no (\ue61f\ue616)<span class=\"_ _44\"> </span>-deferred tax asset was recordedWithholding taxes<span class=\"_ _109\"> </span>\ue61d<span class=\"_ _92\"> </span>\ue61aImpairments on goodwill and other assets for which no deferred tax asset has been recorded<span class=\"_ _189\"> </span>-<span class=\"_ _ef\"> </span>\ue61f\ue61dV<span class=\"_ _0\"></span>aluation loss on previously recognised deferred tax assets on temporary di\ue615erences<span class=\"_ _20a\"> </span>-<span class=\"_ _ef\"> </span>\ue61d\ue618Impact of adjustment in deferred tax rates<span class=\"_ _231\"> </span>-<span class=\"_ _92\"> </span>\ue61fOther<span class=\"_ _125\"> </span>(\ue61a)<span class=\"_ _92\"> </span>\ue61dIncome tax expense<span class=\"_ _78\"> </span>15<span class=\"_ _ef\"> </span>42E\ue612ective tax rate<span class=\"_ _26c\"> </span>-23.37%(1) <span class=\"_ _0\"></span>\ue618e theoretical tax rate is the <span class=\"_ _0\"></span>weighted aver<span class=\"_ _2\"></span>age tax rate of the Company and all s<span class=\"_ _0\"></span>ubsidiaries included in the consolidation.1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.4 Movement in temporary di\ue61eerences during 2021-2022MILLION EUROIntangible assets and goodwill<span class=\"_ _aa\"> </span>\ue61f\ue616<span class=\"_ _25\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _25\"> </span>-<span class=\"_ _60\"> </span>\ue61f<span class=\"_ _25\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _a3\"> </span>\ue61f\ue618<span class=\"_ _a0\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _25\"> </span>-<span class=\"_ _182\"> </span>\ue61d<span class=\"_ _a3\"> </span>\ue61f\ue61cProperty<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _259\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _25\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _25\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _8f\"> </span>(\ue617)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61a)Right-of-use assets<span class=\"_ _174\"> </span>(\ue61f\ue61e)<span class=\"_ _25\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _d2\"> </span>(\ue61d\ue619)<span class=\"_ _a0\"> </span>-<span class=\"_ _8b\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _d2\"> </span>(\ue61d\ue618)Investments in associates and  (\ue61a)<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61a)<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61a)non-current \ue614nancial assetsInventories<span class=\"_ _26e\"> </span>\ue61d\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a3\"> </span>\ue61d\ue619<span class=\"_ _a0\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _26f\"> </span>(\ue61d)<span class=\"_ _cc\"> </span>\ue61d\ue616Receivables<span class=\"_ _270\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _181\"> </span>(\ue61f)Provisions and liabilities for  \ue61a\ue61b<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _a5\"> </span>(\ue617)<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _cc\"> </span>\ue61a\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _93\"> </span>(\ue61f\ue61a)<span class=\"_ _8f\"> </span>-<span class=\"_ _a3\"> </span>\ue61d\ue618post-employment bene\ue614tsLease liabilities<span class=\"_ _269\"> </span>\ue61f\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _cc\"> </span>\ue61d\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a3\"> </span>\ue61d\ue616Other current assets and  (\ue61f)<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _182\"> </span>\ue61d<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _8b\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue61d)<span class=\"_ _88\"> </span>\ue616other liabilitiesDeferred tax assets and liabilities  78<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>2<span class=\"_ _9f\"> </span>(4)<span class=\"_ _88\"> </span>2<span class=\"_ _cc\"> </span>78<span class=\"_ _9f\"> </span>(2)<span class=\"_ _26d\"> </span>-<span class=\"_ _9e\"> </span>(23)<span class=\"_ _5e\"> </span>(1)<span class=\"_ _cc\"> </span>52related to temporary di\ue612<span class=\"_ _22\"></span>erencesT<span class=\"_ _2\"></span>ax loss carry-forwards<span class=\"_ _14b\"> </span>\ue61a\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _cc\"> </span>\ue61a\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue61d\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _cc\"> </span>\ue61f\ue619Excess tax credits<span class=\"_ _150\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _88\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _88\"> </span>\ue61aDeferred tax assets/liabilities<span class=\"_ _aa\"> </span>116<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _50\"> </span>5<span class=\"_ _9f\"> </span>(4)<span class=\"_ _88\"> </span>1<span class=\"_ _159\"> </span>118<span class=\"_ _9f\"> </span>(2)<span class=\"_ _9e\"> </span>(12)<span class=\"_ _9e\"> </span>(23)<span class=\"_ _5e\"> </span>(1)<span class=\"_ _cc\"> </span>82\ue618e deferred tax asset on pr<span class=\"_ _0\"></span>ovisions and lia<span class=\"_ _0\"></span>bilities for pos<span class=\"_ _0\"></span>t-employment bene\ue615ts which is r<span class=\"_ _0\"></span>ecognized in other<span class=\"_ _0\"></span> compre<span class=\"ws1\">-</span>hensive income is rel<span class=\"_ _0\"></span>ated to the reme<span class=\"_ _0\"></span>asurements of the net de\ue615ned bene\ue615t lia<span class=\"_ _0\"></span>bility (IAS 19R). <span class=\"_ _2\"></span>\ue618ese deferred tax assets decrease<span class=\"_ _0\"></span>d signi\ue615cantly in 2022 as a r<span class=\"_ _0\"></span>esult of the incre<span class=\"_ _0\"></span>ase in discount rates (<span class=\"_ _0\"></span>see Note 13)..<span class=\"_ _0\"></span> OTHER T<span class=\"_ _2\"></span>AXESOther tax r<span class=\"_ _0\"></span>eceivables amount to 28 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 19 million Euro<span class=\"_ _0\"></span>) and other tax lia<span class=\"_ _0\"></span>bilities amount to 32 million Euro (2021: 28 million E<span class=\"_ _0\"></span>uro).Other tax r<span class=\"_ _0\"></span>eceivables and li<span class=\"_ _0\"></span>abilities rela<span class=\"_ _0\"></span>te to other tax,<span class=\"_ _0\"></span> such as V<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span> and other indirect taxes.Other tax r<span class=\"_ _0\"></span>eceivables ar<span class=\"_ _0\"></span>e o\ue614set against other<span class=\"_ _0\"></span> tax liabilities when they r<span class=\"_ _0\"></span>elate to taxes lev<span class=\"_ _0\"></span>ied by the same tax<span class=\"_ _0\"></span>ation authority<span class=\"_ _2\"></span>, there is a legal right to o\ue614set and ar<span class=\"_ _0\"></span>e intended to be settled on a net basis.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__36": {
   "value": "1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Deferred tax assets and liabilitiesDeferred tax assets ar<span class=\"_ _0\"></span>e the amounts of income taxes recov<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble in future periods in respect of deductible tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614e<span class=\"ws1\">-</span>rences, the carry<span class=\"_ _0\"></span>-forwar<span class=\"_ _0\"></span>d of unused tax losses and the carry-forw<span class=\"_ _0\"></span>ard of unused tax credits.Deferred tax assets ar<span class=\"_ _0\"></span>e recognized <span class=\"_ _0\"></span>where it is su\ue616ciently pr<span class=\"_ _0\"></span>obable that tax<span class=\"_ _0\"></span>able income will be av<span class=\"_ _2\"></span>ailable in the future to enable the deductible tempor<span class=\"_ _0\"></span>ary di\ue614erences, tax los<span class=\"_ _0\"></span>s carry forwar<span class=\"_ _0\"></span>ds and tax credits to be utilized.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management reg<span class=\"_ _0\"></span>ularly assesses the r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ability of its deferr<span class=\"_ _0\"></span>ed tax assets, mainly<span class=\"_ _0\"></span> based on the long-term business plans for<span class=\"_ _0\"></span> the divisions He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions, Digital P<span class=\"_ _0\"></span>rint &amp; Chemicals and O\ue614set Solutions and considering historical pro\ue615tabilit<span class=\"_ _0\"></span>y and projected futur<span class=\"_ _0\"></span>e taxable income of the individual consolida<span class=\"_ _0\"></span>ted entities that are involv<span class=\"_ _0\"></span>ed. Other<span class=\"_ _2\"></span> parameters such as the expected timin<span class=\"_ _0\"></span>g of the reversals of existing tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences and tax plannin<span class=\"_ _0\"></span>g stra<span class=\"_ _0\"></span>tegies are considered as w<span class=\"_ _0\"></span>ell in this assessment.<span class=\"_ _0\"></span> Material chang<span class=\"_ _0\"></span>es to business plans and/<span class=\"_ _2\"></span>or busines<span class=\"_ _0\"></span>s (goods and servi<span class=\"ws1\">-</span>ces) \ue617ows imp<span class=\"_ _0\"></span>acting the taxable pr<span class=\"_ _0\"></span>o\ue615t or loss of certain entities of the Group m<span class=\"_ _0\"></span>ay in\ue617uence the re<span class=\"_ _0\"></span>alization of deferred tax assets. Di\ue614er<span class=\"_ _0\"></span>ences arising between the a<span class=\"_ _0\"></span>ctual results and the ass<span class=\"_ _0\"></span>umptions made<span class=\"_ _0\"></span>, or<span class=\"_ _0\"></span> future chang<span class=\"_ _0\"></span>es to such assumptions,<span class=\"_ _0\"></span> could necessitate rev<span class=\"_ _0\"></span>ersing certain deferred tax assets r<span class=\"_ _0\"></span>esulting in an incre<span class=\"_ _0\"></span>ase of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s e\ue614ective tax r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>.Deferred tax lia<span class=\"_ _0\"></span>bilities are the amounts of income taxes pa<span class=\"_ _0\"></span>ya<span class=\"_ _0\"></span>ble in future periods in respect of taxable tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y differences.<span class=\"_ _2\"></span> Deferred tax assets and deferred tax lia<span class=\"_ _0\"></span>bilities are offset if they re<span class=\"_ _0\"></span>late to income taxes levie<span class=\"_ _0\"></span>d by the same<span class=\"_ _0\"></span> taxation authority<span class=\"_ _2\"></span>.Deferred tax assets and li<span class=\"_ _0\"></span>abilities are attributable to the follo<span class=\"_ _0\"></span>wing items:December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _1c0\"> </span><span class=\"ffc\">December 31, 2022</span>MILLION EUROAssets<span class=\"_ _a5\"> </span>Liabilities<span class=\"_ _da\"> </span>Net<span class=\"_ _1bc\"> </span><span class=\"ffc\">Assets<span class=\"_ _88\"> </span>Liabilities<span class=\"_ _da\"> </span>Net</span>Intangible assets and goodwill<span class=\"_ _3d\"> </span>\ue61f\ue619<span class=\"_ _2b\"> </span>\ue61f<span class=\"_ _2f\"> </span>\ue61f\ue618<span class=\"_ _2f\"> </span>\ue61f\ue61b<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2f\"> </span>\ue61f\ue61cProperty<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _3d\"> </span>\ue61d\ue61d<span class=\"_ _2b\"> </span>\ue61c<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _257\"> </span>(\ue61a)Right-of-use assets<span class=\"_ _258\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue619<span class=\"_ _232\"> </span>(\ue61d\ue619)<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue618<span class=\"_ _232\"> </span>(\ue61d\ue618)Investments in associates and non-current \ue614nancial assets<span class=\"_ _136\"> </span>-<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61a)<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61a)Inventories<span class=\"_ _25a\"> </span>\ue61f\ue61e<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _2f\"> </span>\ue61d\ue619<span class=\"_ _2f\"> </span>\ue61d\ue616<span class=\"_ _c1\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue616Receivables<span class=\"_ _25b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _185\"> </span>(\ue61f)Provisions and liabilities for post-employment bene\ue614ts<span class=\"_ _df\"> </span>\ue61a\ue61b<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2f\"> </span>\ue61a\ue617<span class=\"_ _25c\"> </span>\ue61d\ue61b<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _2f\"> </span>\ue61d\ue618Lease liabilities<span class=\"_ _1e1\"> </span>\ue61d\ue61c<span class=\"_ _259\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue61c<span class=\"_ _2f\"> </span>\ue61d\ue616<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61d\ue616Other current assets and other liabilities<span class=\"_ _1bf\"> </span>\ue61c<span class=\"_ _2b\"> </span>\ue619<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _2b\"> </span>\ue61f<span class=\"_ _2b\"> </span>\ue616Deferred tax assets and liabilities related to temporar<span class=\"_ _22\"></span>y di\ue612erences<span class=\"_ _257\"> </span>124<span class=\"_ _2f\"> </span>46<span class=\"_ _2f\"> </span>78<span class=\"_ _25c\"> </span>87<span class=\"_ _2f\"> </span>35<span class=\"_ _2f\"> </span>52T<span class=\"_ _2\"></span>ax loss carry-forwards<span class=\"_ _25d\"> </span>\ue61a\ue61c<span class=\"_ _25e\"> </span>\ue61a\ue61c<span class=\"_ _25c\"> </span>\ue61f\ue619<span class=\"_ _259\"> </span>-<span class=\"_ _2f\"> </span>\ue61f\ue619Excess tax credits<span class=\"_ _25f\"> </span>\ue61d<span class=\"_ _260\"> </span>\ue61d<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue61aDeferred tax assets/liabilities<span class=\"_ _249\"> </span>164<span class=\"_ _25c\"> </span>46<span class=\"_ _d0\"> </span>118<span class=\"_ _89\"> </span>117<span class=\"_ _2f\"> </span>35<span class=\"_ _2f\"> </span>82Set o\ue615 of tax<span class=\"_ _261\"> </span>(\ue616\ue61e)<span class=\"_ _232\"> </span>(\ue616\ue61e)<span class=\"_ _259\"> </span>-<span class=\"_ _232\"> </span>(\ue61f\ue617)<span class=\"_ _243\"> </span>(\ue61f\ue617)<span class=\"_ _c1\"> </span>-Net deferred tax assets/liabilities<span class=\"_ _ba\"> </span>124<span class=\"_ _2b\"> </span>6<span class=\"_ _89\"> </span>118<span class=\"_ _2f\"> </span>91<span class=\"_ _2b\"> </span>9<span class=\"_ _2f\"> </span>82\ue618e movement in tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences during 20<span class=\"_ _2\"></span>21-2022 is disclosed in N<span class=\"_ _0\"></span>ote 17<span class=\"_ _2\"></span>.4.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has a net deferred tax asset position of 8<span class=\"_ _0\"></span>2 million Euro (20<span class=\"_ _2\"></span>21: 118 million Euro). More than half of this balance r<span class=\"_ _0\"></span>elates to the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> division, mainly linke<span class=\"_ _0\"></span>d to tax attributes and R&amp;D rela<span class=\"_ _0\"></span>ted tempo<span class=\"ws1\">-</span>rary di\ue614er<span class=\"_ _0\"></span>ences in key jurisdictions.<span class=\"_ _0\"></span> \ue69dNone of these attributes or di\ue614<span class=\"_ _0\"></span>erences are subject to e<span class=\"_ _0\"></span>xpiration.<span class=\"_ _0\"></span> \ue618e Group believes it is pr<span class=\"_ _0\"></span>obable that these r<span class=\"_ _0\"></span>ecognized deferr<span class=\"_ _0\"></span>ed tax assets on HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> are reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able by 20<span class=\"_ _0\"></span>30,<span class=\"_ _0\"></span> taking into account the negative imp<span class=\"_ _0\"></span>act of newly enacted legisl<span class=\"_ _0\"></span>ation in Belgium (wher<span class=\"_ _0\"></span>eby the annual utiliza<span class=\"_ _0\"></span>tion of certain tax attributes is restricted to 1m\u20ac incr<span class=\"_ _0\"></span>eased w<span class=\"_ _0\"></span>ith 40% on the ex<span class=\"_ _0\"></span>cess, theoretically<span class=\"_ _0\"></span> resulting in a minimum e\ue614ectiv<span class=\"_ _0\"></span>e tax cash rate of 15%) in anticipation of the implementation the OE<span class=\"_ _2\"></span>CD Pillar 2 rules.<span class=\"_ _0\"></span> Without this imp<span class=\"_ _0\"></span>act, the Gr<span class=\"_ _0\"></span>oup expects these assets to be recov<span class=\"_ _0\"></span>erable b<span class=\"_ _0\"></span>y 2028.<span class=\"_ _0\"></span> Other ma<span class=\"_ _0\"></span>jor deductible tempor<span class=\"_ _2\"></span>ar<span class=\"_ _22\"></span>y di\ue614erences and res<span class=\"_ _0\"></span>ulting deferred tax as<span class=\"_ _0\"></span>set positions relate to de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans in Germany<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> mostly rel<span class=\"_ _0\"></span>ated to active emplo<span class=\"_ _0\"></span>yees.97% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s tax losses is concentra<span class=\"_ _0\"></span>ted in seven entities in Belgium,<span class=\"_ _0\"></span> US and Germany and only<span class=\"_ _0\"></span> for 6% of the total tax loss a deferred tax as<span class=\"_ _0\"></span>set has been recognized.Deferred tax assets h<span class=\"_ _0\"></span>ave not been recogniz<span class=\"_ _0\"></span>ed in respect of <span class=\"_ _0\"></span>\u2018tax loss carry forwar<span class=\"_ _2\"></span>ds,<span class=\"_ _2\"></span>\u2019 <span class=\"_ _2\"></span>\u2018tax credits\u2019<span class=\"_ _2\"></span> and \u2018temporary di\ue614er<span class=\"_ _0\"></span>ences\u2019<span class=\"_ _0\"></span> for the amounts s<span class=\"_ _0\"></span>tated here<span class=\"_ _0\"></span>after beca<span class=\"_ _0\"></span>use it is not probable tha<span class=\"_ _0\"></span>t future taxable pr<span class=\"_ _0\"></span>o\ue615t will be av<span class=\"_ _2\"></span>ailable against which the Group can utilize the bene\ue615ts ther<span class=\"_ _0\"></span>e from: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tax loss carry-forw<span class=\"_ _0\"></span>ards: 403 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 373 million E<span class=\"_ _0\"></span>uro);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">tax credits: 1<span class=\"_ _0\"></span>7 million Euro (20<span class=\"_ _2\"></span>21: 17 million Euro);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">temporary di\ue614er<span class=\"_ _0\"></span>ences: 149 million Euro (2<span class=\"_ _0\"></span>021: 158 million E<span class=\"_ _0\"></span>uro).</span></span>\ue618e deferred tax asset imp<span class=\"_ _0\"></span>act on unused tempor<span class=\"_ _0\"></span>ary di\ue614erences, tax los<span class=\"_ _0\"></span>ses and tax credits expir<span class=\"_ _0\"></span>es as followsMILLION EURO<span class=\"_ _12b\"> </span>T<span class=\"_ _2\"></span>emporary di\ue615erences<span class=\"_ _236\"> </span>T<span class=\"_ _1\"></span>ax losses<span class=\"_ _131\"> </span>T<span class=\"_ _1\"></span>ax credits<span class=\"_ _fa\"> </span><span class=\"ffc ls4 ws5\">TOTAL</span>Expiry in:\ue61f\ue61e\ue61f\ue61f<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue61a<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue616<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue618<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-\ue61f\ue61e\ue61f\ue617<span class=\"_ _262\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _263\"> </span>-<span class=\"_ _44\"> </span>-after<span class=\"_ _262\"> </span>-<span class=\"_ _ef\"> </span>\ue61a\ue61c<span class=\"_ _44\"> </span>-<span class=\"_ _ef\"> </span>\ue61a\ue61cNo expiry<span class=\"_ _264\"> </span>\ue61d\ue616\ue61b<span class=\"_ _c0\"> </span>\ue61a\ue617\ue61a<span class=\"_ _ef\"> </span>\ue61d\ue619<span class=\"_ _db\"> </span>\ue618\ue61f\ue61bTOT<span class=\"_ _0\"></span>AL<span class=\"_ _265\"> </span>149<span class=\"_ _c0\"> </span>401<span class=\"_ _ef\"> </span>17<span class=\"_ _db\"> </span>567",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__38-1": {
   "value": "ACQUISITIONS AND DISPOSALS\ue67f\ue683<span class=\"_ _0\"></span>. ACQUISITIONS19.<span class=\"_ _2\"></span>1 Acquisitions <span class=\"_ _22\"></span>2022On June 1, 2022,<span class=\"_ _2\"></span> the Agfa Group acquire<span class=\"_ _0\"></span>d Inca Digital Printers. <span class=\"_ _2\"></span>\ue618e acquisition encompassed the portfolio of existing hig<span class=\"_ _0\"></span>h speed multi pass printers,<span class=\"_ _0\"></span> including a strong service or<span class=\"_ _0\"></span>ganization, a new<span class=\"_ _0\"></span>ly designed line of single pass printers f<span class=\"_ _0\"></span>or sever<span class=\"_ _2\"></span>al packaging applications,<span class=\"_ _2\"></span> as well as a joint development of a customized in-line P<span class=\"_ _0\"></span>rint Engine in collabor<span class=\"_ _0\"></span>ation with le<span class=\"_ _0\"></span>ading corrugator<span class=\"_ _0\"></span> manufactur<span class=\"_ _0\"></span>er BHS Corr<span class=\"_ _0\"></span>ugated.Inca Digital Printers is a Cambridge UK b<span class=\"_ _0\"></span>ased leading dev<span class=\"_ _0\"></span>eloper<span class=\"_ _0\"></span> and manufacturer<span class=\"_ _2\"></span> of advanced high-speed printing and production technologies for<span class=\"_ _0\"></span> sign &amp; display applications,<span class=\"_ _2\"></span> as well as for the r<span class=\"_ _2\"></span>apidly growing digital printing mark<span class=\"_ _0\"></span>et for<span class=\"_ _0\"></span> pack<span class=\"_ _2\"></span>-aging.<span class=\"_ _0\"></span> Inca is an ideal partner<span class=\"_ _2\"></span> for Agf<span class=\"_ _0\"></span>a, bringing a complementary portfolio of printing solutions of the highest s<span class=\"_ _0\"></span>tandard and a strong technological pla<span class=\"_ _0\"></span>tform to launch robust sin<span class=\"_ _0\"></span>gle pass printing pr<span class=\"_ _0\"></span>esses for<span class=\"_ _0\"></span> the packaging mark<span class=\"_ _0\"></span>et.\ue618e acquisition comprised a share-de<span class=\"_ _2\"></span>al of<span class=\"_ _22\"></span> 100% of the shares of two UK b<span class=\"_ _0\"></span>ased companies,<span class=\"_ _0\"></span> an asset deal of the US business and the purchase of assigned intellectu<span class=\"_ _0\"></span>al property<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e purchase price amounts to 54 million Euro<span class=\"_ _2\"></span>. Intangible assets identi\ue615ed re<span class=\"_ _0\"></span>late to tra<span class=\"_ _0\"></span>demarks,<span class=\"_ _0\"></span> being the brandnames Inca and Onset; the technological IP<span class=\"_ _1\"></span>, being the on<span class=\"ws1\">-</span>set multi-pass technology which h<span class=\"_ _0\"></span>ave both been v<span class=\"_ _2\"></span>alued using the relief from ro<span class=\"_ _0\"></span>yalt<span class=\"_ _0\"></span>y method. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>echnological IP rights will be amortized ov<span class=\"_ _0\"></span>er a period of seven <span class=\"_ _0\"></span>years.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e brandnames <span class=\"_ _0\"></span>will be amortized o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> an estimated useful life of six y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e acquired <span class=\"_ _0\"></span>\u2018<span class=\"_ _0\"></span>assigned intellectual pr<span class=\"_ _0\"></span>operty\u2019 w<span class=\"_ _0\"></span>ill be amortized ov<span class=\"_ _0\"></span>er a period of ten y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> \ue618e g<span class=\"_ _0\"></span>oodwill on acquisition (2 million Euro<span class=\"_ _0\"></span>) mainly rela<span class=\"_ _0\"></span>tes to operatin<span class=\"_ _0\"></span>g synergies and w<span class=\"_ _0\"></span>orkforce<span class=\"_ _2\"></span>. \ue618e g<span class=\"_ _0\"></span>oodwill is not expected to be deductible f<span class=\"_ _0\"></span>or tax purposes.<span class=\"_ _0\"></span> Inventories h<span class=\"_ _0\"></span>ave been v<span class=\"_ _2\"></span>alued at fair v<span class=\"_ _2\"></span>alue being the estimated selling price in the or<span class=\"_ _0\"></span>dinary course of business less estimated costs of completion and sale and a reason<span class=\"_ _0\"></span>able pro\ue615t margin b<span class=\"_ _0\"></span>ased on the e\ue614ort requir<span class=\"_ _0\"></span>ed to sell the inv<span class=\"_ _0\"></span>entory<span class=\"_ _2\"></span>.  \ue618e amounts of revenue of the acquiree fr<span class=\"_ _0\"></span>om acquisition date amount to 18 million Eur<span class=\"_ _0\"></span>o and the net loss amounts to 5 million Euro<span class=\"_ _2\"></span>. \ue618is loss <span class=\"_ _0\"></span>was in line w<span class=\"_ _0\"></span>ith management e<span class=\"_ _0\"></span>xpectations and w<span class=\"_ _0\"></span>as triggered b<span class=\"_ _0\"></span>y a decision to shift Inca printers to Agfa inks,<span class=\"_ _2\"></span> for which \ue615rst sales will be r<span class=\"_ _0\"></span>ecognized in 20<span class=\"_ _2\"></span>23. In addition, due to the fact th<span class=\"_ _0\"></span>at the acquired in<span class=\"_ _2\"></span>ventories have been v<span class=\"_ _0\"></span>alued at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue less costs to sell,<span class=\"_ _0\"></span> no margin has been re<span class=\"_ _0\"></span>alized on these sales.<span class=\"_ _0\"></span> Management str<span class=\"_ _0\"></span>ongly believes th<span class=\"_ _0\"></span>at the Inca acquisition will cr<span class=\"_ _0\"></span>eate new gr<span class=\"_ _0\"></span>owth opportunities.<span class=\"_ _0\"></span> Acquisition relate<span class=\"_ _0\"></span>d costs were imm<span class=\"_ _0\"></span>aterial. \ue618e gross contr<span class=\"_ _0\"></span>actual amount of the receiv<span class=\"_ _2\"></span>ables acquired amount to 4 million Euro w<span class=\"_ _0\"></span>hich equals its fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618ere are no acquired r<span class=\"_ _0\"></span>eceivables a<span class=\"_ _0\"></span>t acquisition date for<span class=\"_ _0\"></span> which the contr<span class=\"_ _0\"></span>actual cash \ue617ows ar<span class=\"_ _0\"></span>e not expected to be r<span class=\"_ _0\"></span>eceived. \ue618e acquisition had the follo<span class=\"_ _0\"></span>wing e\ue614ect on the consolidate<span class=\"_ _0\"></span>d statement of \ue615nancial position and the consolidate<span class=\"_ _0\"></span>d state<span class=\"ws1\">-</span>ment of cash \ue617ows: 2022MILLION EUROInca Digital PrintersIntangibles with \ue614nite useful lifeT<span class=\"_ _2\"></span>rademark<span class=\"_ _0\"></span>s<span class=\"_ _271\"> </span>\ue61fAssigned Intellectual Property\ue610<span class=\"_ _11d\"> </span>\ue61d\ue61bAcquired technology<span class=\"_ _272\"> </span>\ue61aProperty<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _273\"> </span>\ue61dRight-of-use assets<span class=\"_ _5d\"> </span>\ue61cInventories<span class=\"_ _274\"> </span>\ue61d\ue61cT<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _275\"> </span>\ue616Contract assets\ue610<span class=\"_ _276\"> </span>\ue61fT<span class=\"_ _2\"></span>rade payables<span class=\"_ _277\"> </span>(\ue61a)Contract liabilities<span class=\"_ _278\"> </span>(\ue616)Other tax receivables<span class=\"_ _279\"> </span>\ue618Other current assets<span class=\"_ _272\"> </span>\ue61dOther receivables<span class=\"_ _27a\"> </span>\ue61dOther tax liabilities<span class=\"_ _27b\"> </span>(\ue618)Cash and cash equivalents<span class=\"_ _27c\"> </span>\ue61d\ue61eLease liabilities<span class=\"_ _27d\"> </span>(\ue61c)Provisions<span class=\"_ _27e\"> </span>(\ue61d)T<span class=\"_ _2\"></span>otal identi\ue615able net assets acquired\ue614<span class=\"_ _27f\"> </span>52Goodwill amount recognized\ue610<span class=\"_ _10c\"> </span>\ue61fDeferred purchase price receivable<span class=\"_ _280\"> </span>\ue61aConsideration paid\ue614<span class=\"_ _6e\"> </span>(57)Cash acquired<span class=\"_ _281\"> </span>10Net cash out\ue613ow for acquisitions<span class=\"_ _221\"> </span>(48)19.2 Acquisitions 2021During 2021,<span class=\"_ _2\"></span> the Group made no acquisitions..<span class=\"_ _0\"></span> DISPOSALS20.<span class=\"_ _2\"></span>1. Disp<span class=\"_ _22\"></span>osal 2022On April 7 20<span class=\"_ _0\"></span>22, A<span class=\"_ _0\"></span>gfa and A<span class=\"_ _0\"></span>tos concluded its partnership accor<span class=\"_ _0\"></span>ding to which A<span class=\"_ _0\"></span>tos will accomp<span class=\"_ _0\"></span>any A<span class=\"_ _0\"></span>gfa in its digital tr<span class=\"_ _0\"></span>ans<span class=\"ws1\">-</span>formation as announced in Q<span class=\"_ _2\"></span>4, 2021. <span class=\"_ _0\"></span>Atos w<span class=\"_ _0\"></span>ill provide and m<span class=\"_ _0\"></span>anage a major<span class=\"_ _2\"></span> part of Agfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s internal IT<span class=\"_ _0\"></span> services and will support the compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s digital journey<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>As a global imaging technology and IT<span class=\"_ _2\"></span> leader<span class=\"_ _2\"></span>, Agf<span class=\"_ _0\"></span>a has engaged in an ambitious IT<span class=\"_ _2\"></span> transform<span class=\"_ _0\"></span>ation progr<span class=\"_ _0\"></span>am, striv<span class=\"_ _0\"></span>ing for a simple<span class=\"_ _2\"></span>, agile and future-proof digital org<span class=\"_ _0\"></span>anization.\ue618rough this str<span class=\"_ _2\"></span>ategic move,<span class=\"_ _0\"></span> Agf<span class=\"_ _0\"></span>a will bene\ue615t from <span class=\"_ _0\"></span>Atos<span class=\"_ _0\"></span>\u2019 long-las<span class=\"_ _0\"></span>ting expertise to implement an innov<span class=\"_ _2\"></span>ative and modern IT<span class=\"_ _0\"></span> landscape,<span class=\"_ _2\"></span> while optimizing its IT cost in all <span class=\"_ _0\"></span>of its countries of operations. <span class=\"_ _0\"></span>Atos w<span class=\"_ _0\"></span>ill implement \ue615rst-class solutions, including mainfr<span class=\"_ _0\"></span>ame services, hosting<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>orkplace manag<span class=\"_ _0\"></span>ement, cloud solutions and network.Atos<span class=\"_ _0\"></span>\u2019 solutions w<span class=\"_ _0\"></span>ill also include a rang<span class=\"_ _0\"></span>e of key application-r<span class=\"_ _0\"></span>elated services and tr<span class=\"_ _2\"></span>ansformational projects aimed at sim<span class=\"ws1\">-</span>plifying,<span class=\"_ _2\"></span> standardizing and modernizing the Agf<span class=\"_ _0\"></span>a IT<span class=\"_ _0\"></span> landscape,<span class=\"_ _2\"></span> including harmonization of Agfa<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s ERP<span class=\"_ _1\"></span>, CRM, HR and digital workplace solutions.<span class=\"_ _2\"></span> By personalizing and signi\ue615cantly enhancing the IT<span class=\"_ _0\"></span> experience for<span class=\"_ _0\"></span> the employees of A<span class=\"_ _0\"></span>gfa, Atos will allo<span class=\"_ _0\"></span>w them to enjoy the hig<span class=\"_ _0\"></span>hest level of employ<span class=\"_ _0\"></span>ee experience in the sector and he<span class=\"_ _0\"></span>lp them to further inno<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te for their clients.\ue618e partnership had the follo<span class=\"_ _0\"></span>wing e\ue614ect on the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Balance Sheet:E\ue61eect of disposal on the \ue61fnancial position of the GroupMILLION EURO<span class=\"_ _282\"> </span><span class=\"ffc\">2022</span>Liabilities for post-employment bene\ue614t plans<span class=\"_ _283\"> </span>\ue61fProvision<span class=\"_ _284\"> </span>\ue61dCurrent employee bene\ue614ts<span class=\"_ _110\"> </span>\ue61fNet liabilities divested<span class=\"_ _67\"> </span>5Consideration<span class=\"_ _285\"> </span>(\ue618)Cash out\ue613ow from disposal<span class=\"_ _7f\"> </span>(5)\ue618e restructuring pr<span class=\"_ _0\"></span>ovision r<span class=\"_ _0\"></span>elated to these div<span class=\"_ _0\"></span>ested activities amounts to 14 million E<span class=\"_ _0\"></span>uro and w<span class=\"_ _0\"></span>as recognize<span class=\"_ _0\"></span>d in Q4,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _0\"></span> a reversal of 3 million Eur<span class=\"_ _0\"></span>o to this prov<span class=\"_ _0\"></span>ision w<span class=\"_ _0\"></span>as recognized as a r<span class=\"_ _0\"></span>esult of updated fa<span class=\"_ _0\"></span>cts and circum<span class=\"ws1\">-</span>stances (see Note 9).<span class=\"_ _0\"></span>  <span class=\"_ _0\"></span>\ue618is divestment did not ha<span class=\"_ _0\"></span>ve any other<span class=\"_ _2\"></span> impact to the consolidated \ue615nancial sta<span class=\"_ _0\"></span>tements of the Group.20.2. Disposal 2021 During 2021 ther<span class=\"_ _0\"></span>e were no disposals.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__40-1": {
   "value": "FINANCIAL RISKS <span class=\"_ _0\"></span>AND FINANCIAL INSTRUMENTSIn the normal course of its business, the Gr<span class=\"_ _0\"></span>oup is exposed to a number<span class=\"_ _0\"></span> of \ue615nancial risks such as curr<span class=\"_ _0\"></span>ency risk, interes<span class=\"_ _0\"></span>t rate risk, commodity price risk,<span class=\"_ _2\"></span> liquidity risk and credit risk tha<span class=\"_ _0\"></span>t could a\ue614ect its \ue615nancial position and its result of oper<span class=\"_ _2\"></span>ations. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s objectives, policies and pr<span class=\"_ _0\"></span>ocesses in managing these \ue615nanci<span class=\"_ _0\"></span>al risks are described further<span class=\"_ _2\"></span> in this note. In man<span class=\"_ _0\"></span>aging these risks, the Gr<span class=\"_ _0\"></span>oup may use deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments.<span class=\"_ _0\"></span> \ue618e use of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments is subject to inter<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>nal controls and uniform guide<span class=\"_ _0\"></span>lines set up by the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>reas<span class=\"_ _0\"></span>ury Committee.<span class=\"_ _0\"></span> Deriva<span class=\"_ _0\"></span>tives used are o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>-the-counter instru<span class=\"ls1 ws1\">-</span>ments, particul<span class=\"_ _0\"></span>arly forwar<span class=\"_ _0\"></span>d exch<span class=\"_ _0\"></span>ange contr<span class=\"_ _0\"></span>acts.\ue61d\ue67f.<span class=\"_ _0\"></span> MARKET RISK21.<span class=\"_ _2\"></span>1 F<span class=\"_ _0\"></span>oreign currency riskFor<span class=\"_ _0\"></span>eign currency risk is the risk<span class=\"_ _0\"></span> that the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash \ue617ows of a \ue615nancial ins<span class=\"_ _0\"></span>trument will \ue617uctuate due to ch<span class=\"_ _0\"></span>an<span class=\"ws1\">-</span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e foreign currency risk<span class=\"_ _0\"></span> management dis<span class=\"_ _0\"></span>tinguishes between thr<span class=\"_ _0\"></span>ee types of foreign currency risk: foreign currency tr<span class=\"_ _2\"></span>ansaction risk, foreign currency tr<span class=\"_ _2\"></span>anslation risk and foreign currency economic risk.\ue618e Group incurs foreign curr<span class=\"_ _0\"></span>ency transaction risk<span class=\"_ _0\"></span> on accounts receiv<span class=\"_ _2\"></span>able, accounts p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able and other<span class=\"_ _0\"></span> monetary items that are denomina<span class=\"_ _0\"></span>ted in a currency other<span class=\"_ _0\"></span> than the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s functional curr<span class=\"_ _0\"></span>ency<span class=\"_ _2\"></span>. F<span class=\"_ _0\"></span>oreign currency tr<span class=\"_ _0\"></span>ansaction risk in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operations also arises fr<span class=\"_ _0\"></span>om the v<span class=\"_ _0\"></span>ariability of cash \ue617ows in r<span class=\"_ _0\"></span>espect of forecasted tr<span class=\"_ _2\"></span>ansactions.For<span class=\"_ _0\"></span>eign operations <span class=\"_ _0\"></span>which do not hav<span class=\"_ _0\"></span>e the Euro as their<span class=\"_ _0\"></span> functional currency giv<span class=\"_ _0\"></span>e rise to a transla<span class=\"_ _0\"></span>tion risk.\ue618e foreign currency economic risk<span class=\"_ _0\"></span> is the risk that futur<span class=\"_ _0\"></span>e cash \ue617ows and e<span class=\"_ _0\"></span>arnings gener<span class=\"_ _0\"></span>ated by f<span class=\"_ _0\"></span>oreign oper<span class=\"_ _0\"></span>ations may v<span class=\"_ _2\"></span>ary<span class=\"_ _0\"></span>. For<span class=\"_ _0\"></span>eign currency economic risk is hig<span class=\"_ _0\"></span>hly connected with other<span class=\"_ _2\"></span> factors such as the foreign oper<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>\u2019 competitive position within an industry<span class=\"_ _2\"></span>, or<span class=\"_ _0\"></span> its rela<span class=\"_ _0\"></span>tionship with customers and suppliers.In monitoring the foreign curr<span class=\"_ _0\"></span>ency risk exposur<span class=\"_ _0\"></span>es, the centr<span class=\"_ _0\"></span>al treas<span class=\"_ _0\"></span>ury department focuses on the transa<span class=\"_ _0\"></span>ction and trans<span class=\"ws1\">-</span>lation risk e<span class=\"_ _0\"></span>xposures, <span class=\"_ _0\"></span>where<span class=\"_ _0\"></span>as business management seek<span class=\"_ _0\"></span>s to manage the for<span class=\"_ _0\"></span>eign economic risk throug<span class=\"_ _0\"></span>h natural he<span class=\"_ _0\"></span>dges.Each of the above t<span class=\"_ _0\"></span>ypes of foreign currency risk<span class=\"_ _0\"></span> exposure imp<span class=\"_ _0\"></span>acts the \ue615nancial statements di\ue614<span class=\"_ _0\"></span>erently<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e following signi<span class=\"ws1\">-</span>\ue615cant exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes have been applie<span class=\"_ _0\"></span>d:Y<span class=\"_ _2\"></span>early average rate<span class=\"_ _a4\"> </span>Y<span class=\"_ _2\"></span>ear-end closing rate \ue61f\ue61e\ue61f\ue61d<span class=\"_ _c4\"> </span><span class=\"ffc\">2022<span class=\"_ _c4\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _c4\"> </span><span class=\"ffc\">2022</span>EUR/USD\ue61d.\ue61d\ue61c\ue61a\ue616\ue618\ue617<span class=\"_ _286\"> </span>\ue61d.\ue61e\ue618\ue61a\ue61c\ue61b\ue61b<span class=\"_ _eb\"> </span>\ue61d.\ue61d\ue61a\ue61f\ue617<span class=\"_ _eb\"> </span>\ue61d.\ue61e\ue617\ue617\ue617EUR/GBP<span class=\"_ _287\"> </span>\ue61e.\ue61c\ue617\ue61e\ue61e\ue61f<span class=\"_ _286\"> </span>\ue61e.\ue61c\ue618\ue61f\ue617\ue61f\ue61f<span class=\"_ _174\"> </span>\ue61e.\ue61c\ue616\ue61e\ue61f\ue61c<span class=\"_ _212\"> </span>\ue61e.\ue61c\ue61c\ue617\ue61b\ue61aEUR/RMB<span class=\"_ _264\"> </span>\ue619.\ue617\ue61a\ue61a\ue618\ue619\ue616<span class=\"_ _286\"> </span>\ue619.\ue61e\ue61c\ue61e\ue61f\ue61f\ue61d<span class=\"_ _eb\"> </span>\ue619.\ue61d\ue61b\ue616\ue619<span class=\"_ _eb\"> </span>\ue619.\ue61a\ue618\ue61c\ue61fEUR/CAD<span class=\"_ _244\"> </span>\ue61d.\ue616\ue61c\ue61a\ue616\ue61c\ue61b<span class=\"_ _286\"> </span>\ue61d.\ue61a\ue619\ue61e\ue61a\ue618\ue617<span class=\"_ _eb\"> </span>\ue61d.\ue616\ue61a\ue61b\ue61a<span class=\"_ _1a9\"> </span>\ue61d.\ue616\ue616\ue616EUR/AUD<span class=\"_ _288\"> </span>\ue61d.\ue618\ue619\ue616\ue61c\ue61f\ue617<span class=\"_ _286\"> </span>\ue61d.\ue618\ue61d\ue619\ue61a\ue617\ue61d<span class=\"_ _eb\"> </span>\ue61d.\ue618\ue617\ue61d\ue618<span class=\"_ _eb\"> </span>\ue61d.\ue618\ue617\ue61b\ue61aEUR/INR<span class=\"_ _289\"> </span>\ue61c\ue619.\ue616\ue619\ue61b\ue619\ue619\ue61c<span class=\"_ _1a6\"> </span>\ue61c\ue61f.\ue619\ue61d\ue61a\ue61c\ue61e\ue61c<span class=\"_ _174\"> </span>\ue61c\ue616.\ue61f\ue61f\ue61b\ue61f<span class=\"_ _eb\"> </span>\ue61c\ue61c.\ue61d\ue619\ue61dEUR/HKD<span class=\"_ _28a\"> </span>\ue61b.\ue61d\ue61b\ue61c\ue61f\ue61c<span class=\"_ _286\"> </span>\ue61c.\ue61f\ue618\ue61d\ue616\ue61e\ue61b<span class=\"_ _eb\"> </span>\ue61c.\ue61c\ue61a\ue61a\ue61a<span class=\"_ _eb\"> </span>\ue61c.\ue61a\ue61d\ue617\ue61a\ue618e central tr<span class=\"_ _0\"></span>easury department monitors and m<span class=\"_ _0\"></span>anages foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e from the view <span class=\"_ _0\"></span>of its impact on either the statement of \ue615nancial position or<span class=\"_ _0\"></span> pro\ue615t or<span class=\"_ _0\"></span> loss.21.<span class=\"_ _2\"></span>1.1. F<span class=\"_ _2\"></span>oreign currency transaction risk in the statement of \ue61fnancial position\ue618e currencies that primarily<span class=\"_ _0\"></span> impact the net foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e on the statement of \ue615nancial position are as follo<span class=\"_ _0\"></span>ws:Net exposure Hedgingof receivables Cash, cash equivalents  Derivative \ue614nancial  Net positionMILLION FOREIGN CURRENCYand payablesloans &amp; depositsinstrumentsDecember 31, 2021USD<span class=\"_ _28b\"> </span>\ue616\ue616.\ue61e<span class=\"_ _24b\"> </span>\ue619.\ue61d<span class=\"_ _90\"> </span>(\ue616\ue61c.\ue619)<span class=\"_ _c3\"> </span>\ue61f.\ue616RMB<span class=\"_ _245\"> </span>\ue61d\ue61b\ue61e.\ue61b<span class=\"_ _ef\"> </span>(\ue61d\ue61c\ue617.\ue616)<span class=\"_ _1c4\"> </span>-<span class=\"_ _c3\"> </span>\ue616.\ue618GBP<span class=\"_ _28c\"> </span>\ue619.\ue616<span class=\"_ _28d\"> </span>(\ue617.\ue617)<span class=\"_ _3e\"> </span>-<span class=\"_ _c3\"> </span>\ue61e.\ue61cCAD<span class=\"_ _28e\"> </span>(\ue61d.\ue61c)<span class=\"_ _24b\"> </span>\ue61e.\ue619<span class=\"_ _bf\"> </span>-<span class=\"_ _c1\"> </span>(\ue61d.\ue61d)AUD<span class=\"_ _26a\"> </span>\ue617.\ue61f<span class=\"_ _28d\"> </span>(\ue616.\ue61c)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61d.\ue616INR<span class=\"_ _28f\"> </span>\ue61f\ue617\ue61a.\ue61b<span class=\"_ _3e\"> </span>-<span class=\"_ _290\"> </span>(\ue61a\ue617\ue618.\ue61e)<span class=\"_ _23e\"> </span>(\ue61d\ue61e\ue61d.\ue61d)HKD<span class=\"_ _26a\"> </span>\ue61a.\ue61f<span class=\"_ _a9\"> </span>(\ue61f.\ue618)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61e.\ue61cDecember 31, 2022USD<span class=\"_ _28b\"> </span>\ue61f\ue61c.\ue619<span class=\"_ _291\"> </span>\ue61f\ue617.\ue617<span class=\"_ _90\"> </span>(\ue616\ue61c.\ue619)<span class=\"_ _c3\"> </span>\ue617.\ue617RMB<span class=\"_ _245\"> </span>\ue61d\ue618\ue616.\ue61e<span class=\"_ _ef\"> </span>(\ue61d\ue616\ue61a.\ue61d)<span class=\"_ _1c4\"> </span>-<span class=\"_ _33\"> </span>\ue61d\ue61e.\ue61bGBP<span class=\"_ _28c\"> </span>\ue61b.\ue618<span class=\"_ _90\"> </span>(\ue61d\ue61a.\ue61f)<span class=\"_ _3e\"> </span>-<span class=\"_ _c1\"> </span>(\ue61a.\ue619)CAD<span class=\"_ _28e\"> </span>(\ue616.\ue61b)<span class=\"_ _24b\"> </span>\ue61f.\ue619<span class=\"_ _bf\"> </span>-<span class=\"_ _c1\"> </span>(\ue61f.\ue61f)AUD<span class=\"_ _26a\"> </span>\ue61f.\ue617<span class=\"_ _28d\"> </span>(\ue61d.\ue616)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61d.\ue61fINR<span class=\"_ _28f\"> </span>\ue619\ue617\ue61c.\ue618<span class=\"_ _3e\"> </span>-<span class=\"_ _c8\"> </span>(\ue61b\ue61b\ue61a)<span class=\"_ _23e\"> </span>(\ue61f\ue61f\ue616.\ue618)HKD<span class=\"_ _26a\"> </span>\ue617.\ue61d<span class=\"_ _a9\"> </span>(\ue617.\ue61d)<span class=\"_ _3e\"> </span>-<span class=\"_ _163\"> </span>-\ue618e Group uses cash, cash equiv<span class=\"_ _2\"></span>alents, loans and deposits held in a for<span class=\"_ _0\"></span>eign currency as natur<span class=\"_ _2\"></span>al hedges of the net exposure of receiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _2\"></span>ables held in these respective currencies.\ue618e aim of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management regar<span class=\"_ _2\"></span>ding transaction exposur<span class=\"_ _0\"></span>e in the statement of \ue615nancial position is to minimize<span class=\"_ _2\"></span>, over<span class=\"_ _2\"></span> the short term, the revalu<span class=\"_ _0\"></span>ation results \u2013 both re<span class=\"_ _2\"></span>alized and unrealize<span class=\"_ _0\"></span>d \u2013 of items in the statement of \ue615nancial position that are denomina<span class=\"_ _0\"></span>ted in a currency other<span class=\"_ _0\"></span> than the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s functional curr<span class=\"_ _0\"></span>ency<span class=\"_ _2\"></span>.In order<span class=\"_ _0\"></span> to keep the expos<span class=\"_ _0\"></span>ures within pr<span class=\"_ _0\"></span>ede\ue615ned risk adjus<span class=\"_ _0\"></span>ted limits, the centr<span class=\"_ _0\"></span>al tre<span class=\"_ _0\"></span>asury department economically hedges the net outstanding monetary items in the statement of \ue615nancial position in f<span class=\"_ _0\"></span>oreign currency using deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments such as forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts. As of December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, the outstanding deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments are mainly forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contracts w<span class=\"_ _0\"></span>ith maturities of gener<span class=\"_ _0\"></span>ally less than one y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.Where deriv<span class=\"_ _0\"></span>ative \ue615nanci<span class=\"_ _0\"></span>al instruments are used to economically <span class=\"_ _0\"></span>hedge the foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e exposure of r<span class=\"_ _0\"></span>ecognized mo<span class=\"ws1\">-</span>netary assets or lia<span class=\"_ _0\"></span>bilities, no hedge a<span class=\"_ _0\"></span>ccounting is applied. Ch<span class=\"_ _0\"></span>anges in the fair<span class=\"_ _2\"></span> value of these deriva<span class=\"_ _0\"></span>tive \ue615nancial instru<span class=\"ws1\">-</span>ments are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss.21.<span class=\"_ _2\"></span>1.2 Foreign currency translation risk in the statement of \ue61fnancial positionWhen the functional currency of the entity th<span class=\"_ _0\"></span>at holds the inves<span class=\"_ _0\"></span>tment is di\ue614erent from the f<span class=\"_ _0\"></span>unctional currency of the rela<span class=\"ws1\">-</span>ted subsidiary<span class=\"_ _2\"></span>, the curr<span class=\"_ _0\"></span>ency \ue617uctuations on the net inv<span class=\"_ _0\"></span>estment directly a\ue614ect other<span class=\"_ _2\"></span> comprehensive income (\u2018T<span class=\"_ _2\"></span>ranslation reserve<span class=\"_ _0\"></span>\u2019) unless any he<span class=\"_ _0\"></span>dging mechanism exists.All subsidiaries hav<span class=\"_ _0\"></span>e as functional currency the curr<span class=\"_ _0\"></span>ency of the country in which they opera<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e currencies giving rise to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s translation risk<span class=\"_ _0\"></span> in the statement of \ue615nancial position ar<span class=\"_ _0\"></span>e primarily the US Dollar<span class=\"_ _2\"></span>, Chinese Renminbi,<span class=\"_ _0\"></span> Brazilian Real,<span class=\"_ _0\"></span> Mexican P<span class=\"_ _2\"></span>eso, A<span class=\"_ _0\"></span>ustralian Doll<span class=\"_ _0\"></span>ar and British P<span class=\"_ _2\"></span>ound.Net investment in a foreign entityMILLION FOREIGN CURRENCYDecember \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _b2\"> </span><span class=\"ffc\">December 31, 2022</span>USD<span class=\"_ _292\"> </span>\ue61f\ue61a\ue61f<span class=\"_ _251\"> </span>\ue61d\ue61c\ue616RMB<span class=\"_ _293\"> </span>\ue618\ue619\ue61c<span class=\"_ _251\"> </span>\ue618\ue61b\ue617BRL<span class=\"_ _14c\"> </span>\ue61b\ue61f<span class=\"_ _1e5\"> </span>\ue617\ue61fAUD<span class=\"_ _294\"> </span>\ue616\ue61e<span class=\"_ _1e5\"> </span>\ue61d\ue619MXN<span class=\"_ _81\"> </span>\ue61f\ue61a\ue616<span class=\"_ _251\"> </span>\ue61f\ue61d\ue61bGBP<span class=\"_ _295\"> </span>(\ue619\ue619)<span class=\"_ _1e5\"> </span>\ue61d\ue616\ue618e central tr<span class=\"_ _0\"></span>easury department monitors the tr<span class=\"_ _2\"></span>anslation exposure in the statement of \ue615nanci<span class=\"_ _0\"></span>al position of the Group at least on a quarterly<span class=\"_ _0\"></span> basis. <span class=\"_ _2\"></span>\ue618e T<span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>asury Committee proposes correctiv<span class=\"_ _0\"></span>e actions if needed to the Executiv<span class=\"_ _0\"></span>e Management.21.<span class=\"_ _2\"></span>1.3 Foreign currency risk in pro\ue61ft or lossFor<span class=\"_ _0\"></span>eign currency risk in pr<span class=\"_ _0\"></span>o\ue615t or loss includes both <span class=\"_ _0\"></span>the risk of the v<span class=\"_ _0\"></span>ariability of cash \ue617ow<span class=\"_ _0\"></span>s in respect of forecaste<span class=\"_ _0\"></span>d transactions as a result of chang<span class=\"_ _0\"></span>es in exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and the risk that the pr<span class=\"_ _0\"></span>o\ue615t (loss) for<span class=\"_ _0\"></span> the ye<span class=\"_ _0\"></span>ar g<span class=\"_ _0\"></span>enerate<span class=\"_ _0\"></span>d by foreign oper<span class=\"_ _2\"></span>ations may v<span class=\"_ _0\"></span>ary in amount when tr<span class=\"_ _0\"></span>anslated into the presentation curr<span class=\"_ _0\"></span>ency (Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618e central treas<span class=\"_ _0\"></span>ury department monitors and manages both risks simultaneously<span class=\"_ _2\"></span>.\ue618e currencies that primarily<span class=\"_ _0\"></span> impact the net foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e in pro\ue615t or los<span class=\"_ _0\"></span>s are US Dollar<span class=\"_ _2\"></span>, Chinese Renminbi,<span class=\"_ _0\"></span> Ca<span class=\"ls1 ws1\">-</span>nadian Dollar<span class=\"_ _2\"></span>, P<span class=\"_ _2\"></span>ound Sterling, A<span class=\"_ _0\"></span>ustr<span class=\"_ _0\"></span>alian Dollar<span class=\"_ _2\"></span>, Kore<span class=\"_ _0\"></span>an W<span class=\"_ _2\"></span>on, Indian Rupees,<span class=\"_ _0\"></span> Japanese <span class=\"_ _0\"></span>Y<span class=\"_ _2\"></span>en and Swiss Fr<span class=\"_ _0\"></span>anc.\ue618e Executive Man<span class=\"_ _0\"></span>agement decides on the hedging policy of aforementione<span class=\"_ _0\"></span>d currency exposur<span class=\"_ _0\"></span>es considering the market situation and upon proposal of the <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>asury Committee.<span class=\"_ _2\"></span> \ue618e objective of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management of e<span class=\"_ _0\"></span>xposure in pro\ue615t or<span class=\"_ _0\"></span> loss is mainly to incre<span class=\"_ _2\"></span>ase the predictability of results but also to allow<span class=\"_ _0\"></span> the business to rea<span class=\"_ _0\"></span>ct to the changing env<span class=\"_ _0\"></span>ironment (e<span class=\"_ _2\"></span>.g. by adaptin<span class=\"_ _0\"></span>g prices or shifting pr<span class=\"_ _0\"></span>oduction).\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge its curr<span class=\"_ _0\"></span>ency risk rel<span class=\"_ _0\"></span>ated to a forecas<span class=\"_ _0\"></span>ted exposure<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618ese forwar<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup designates only the spot element of forw<span class=\"_ _0\"></span>ard for<span class=\"_ _0\"></span>eign exchan<span class=\"_ _0\"></span>ge con<span class=\"ls1 ws1\">-</span>tracts to he<span class=\"_ _0\"></span>dge its foreign curr<span class=\"_ _0\"></span>ency risk and applies a hedge r<span class=\"_ _2\"></span>atio of 1:1. \ue618e forw<span class=\"_ _2\"></span>ard element of forward e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e contracts is excluded fr<span class=\"_ _0\"></span>om the designation of the hedging instrument and is sep<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tely accounted for<span class=\"_ _2\"></span> in \ue615nancial result. <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s policy is to align the critical terms of the forwar<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts with the hedge<span class=\"_ _0\"></span>d item. <span class=\"_ _2\"></span>\ue618e existence of an economic rela<span class=\"ls1 ws1\">-</span>tionship between the hedg<span class=\"_ _0\"></span>ed item and the hedging instrument is b<span class=\"_ _0\"></span>ased on the currency<span class=\"_ _2\"></span>, amount,<span class=\"_ _0\"></span> and timing of the respective cash \ue617ows.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup assesses whether<span class=\"_ _2\"></span> the derivative designate<span class=\"_ _0\"></span>d in the hedging rel<span class=\"_ _0\"></span>ationship is expected to be and has been e\ue614ective in o\ue614setting chan<span class=\"_ _0\"></span>ges in cash \ue617ows usin<span class=\"_ _0\"></span>g the hypothetical deriv<span class=\"_ _2\"></span>ative method. V<span class=\"_ _2\"></span>ery little ine\ue614ectiveness is e<span class=\"_ _0\"></span>xpected from these cash \ue617ow he<span class=\"_ _0\"></span>dges. In these r<span class=\"_ _0\"></span>elationships,<span class=\"_ _0\"></span> the main sources of ine\ue614ectiveness ar<span class=\"_ _0\"></span>e the counterparty risk<span class=\"_ _0\"></span> and the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s own credit risk<span class=\"_ _0\"></span> on the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the forward e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e contracts <span class=\"_ _0\"></span>which is not re\ue617ected in the fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>. Also ch<span class=\"_ _0\"></span>anges in the timing of the hedged tr<span class=\"_ _2\"></span>ansactions can cause hedge ine\ue614ectiveness.In the course of 2022,<span class=\"_ _0\"></span> the Group designated f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts as \u2018<span class=\"_ _2\"></span>cash \ue617ow hedg<span class=\"_ _0\"></span>es\u2019<span class=\"_ _0\"></span> of its foreign currency e<span class=\"_ _0\"></span>xposure in US Dollar r<span class=\"_ _0\"></span>elated to highly<span class=\"_ _0\"></span> probable f<span class=\"_ _0\"></span>orecasted rev<span class=\"_ _0\"></span>enue over<span class=\"_ _2\"></span> the following 12 months.\ue618e portion of the gain on the forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contr<span class=\"_ _0\"></span>acts that is determined to be an e\ue614ectiv<span class=\"_ _0\"></span>e hedge is recogniz<span class=\"_ _0\"></span>ed directly in \u2018Other<span class=\"_ _0\"></span> comprehensive income<span class=\"_ _2\"></span>\u2019 (December 31,<span class=\"_ _0\"></span> 2022: -<span class=\"_ _0\"></span>2 million Euro net of tax; December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21: -2 million Eur<span class=\"_ _0\"></span>o net of tax).During 202<span class=\"_ _0\"></span>2, losses amounting to 5 million E<span class=\"_ _0\"></span>uro hav<span class=\"_ _0\"></span>e been recognized in <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _1\"></span>\u2019 <span class=\"_ _0\"></span>An amount of 5 million Euro has been r<span class=\"_ _0\"></span>eclassi\ue615ed from <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income\u2019<span class=\"_ _0\"></span> and has been deducted fr<span class=\"_ _0\"></span>om \u2018T<span class=\"_ _2\"></span>urnover\u2019<span class=\"_ _b3\"></span>. During 2021, losses amounting to 3 million Eur<span class=\"_ _0\"></span>o have been r<span class=\"_ _0\"></span>ecognized in <span class=\"_ _0\"></span>\u2018Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> An amount of 1 million Euro has been reclassi\ue615ed fr<span class=\"_ _0\"></span>om \u2018<span class=\"_ _0\"></span>Other compre<span class=\"_ _0\"></span>hensive income<span class=\"_ _0\"></span>\u2019 and has been included in <span class=\"_ _2\"></span>\u2018T<span class=\"_ _0\"></span>urnover\u2019<span class=\"_ _b3\"></span>. T<span class=\"_ _1\"></span>axes amounting to 1 million Euro have been de<span class=\"_ _0\"></span>ducted from \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>\u2019A reconcilia<span class=\"_ _0\"></span>tion in tabular f<span class=\"_ _0\"></span>ormat is pro<span class=\"_ _0\"></span>vided in Note 21.4 <span class=\"_ _0\"></span>\u2018Summarizing table of cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>\u2019\ue618e followin<span class=\"_ _0\"></span>g table summarizes the e\ue614ect of the cash \ue617o<span class=\"_ _0\"></span>w hedges r<span class=\"_ _0\"></span>elated to currency risk<span class=\"_ _0\"></span> on the \ue615nancial statements:2022During the period - 2022Carrying amountMILLION EURODerivative  Other Forward ex<span class=\"_ _0\"></span>change contracts  \ue61d\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _296\"> </span>(\ue61d.\ue61e)\ue614nancial  (\ue618)<span class=\"_ _cb\"> </span>-\ue614nance \ue618<span class=\"_ _cb\"> </span>-<span class=\"_ _71\"> </span>Revenuedesignated as cash \ue613ow hedgesinstrumentsexpense\ue61f\ue61e\ue61f\ue61dDuring the period - \ue61f\ue61e\ue61f\ue61dCarrying amountMILLION EURODerivative  Other Forward ex<span class=\"_ _0\"></span>change contracts  \ue61d\ue618<span class=\"_ _26d\"> </span>-<span class=\"_ _296\"> </span>(\ue61d.\ue61e)\ue614nancial  (\ue61a)<span class=\"_ _cb\"> </span>-\ue614nance (\ue61d)<span class=\"_ _cb\"> </span>-<span class=\"_ _71\"> </span>Revenuedesignated as cash \ue613ow hedgesinstrumentsexpenseCash<span class=\"_ _22\"></span> flow<span class=\"_ _22\"></span> hedge<span class=\"_ _22\"></span>s hed<span class=\"_ _22\"></span>gin<span class=\"_ _22\"></span>g its<span class=\"_ _22\"></span> expo<span class=\"_ _22\"></span>sure i<span class=\"_ _22\"></span>n foreign currency <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing maturities:Maturity20221-3 months<span class=\"_ _af\"> </span>3-12 months<span class=\"_ _186\"> </span>More than 1 yearForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedgesNominal amounts net in millions of foreign currency<span class=\"_ _1bf\"> </span>USD<span class=\"_ _18c\"> </span>\ue61d\ue61c<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Average EUR:USD forward contract rate<span class=\"_ _297\"> </span>\ue61d.\ue61d\ue61f\ue619\ue619\ue61e<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Maturity\ue61f\ue61e\ue61f\ue61d\ue61d-\ue61a months<span class=\"_ _af\"> </span>\ue61a-\ue61d\ue61f months<span class=\"_ _cc\"> </span>More than \ue61d yearForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedgesNominal amounts net in millions of foreign currency<span class=\"_ _1bf\"> </span>USD<span class=\"_ _18c\"> </span>\ue61d\ue61c<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Average EUR:USD forward contract rate<span class=\"_ _297\"> </span>\ue61d.\ue61f\ue61a\ue61f\ue616\ue61a<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-21.<span class=\"_ _2\"></span>1.4 Sensitivity analysis foreign currency riskA stren<span class=\"_ _0\"></span>gthening<span class=\"_ _22\"></span>/we<span class=\"_ _2\"></span>akening of the Euro by 1<span class=\"_ _0\"></span>0% against the currencies listed her<span class=\"_ _0\"></span>eafter<span class=\"_ _2\"></span> with all other v<span class=\"_ _2\"></span>ariables held constant, would hav<span class=\"_ _0\"></span>e increase<span class=\"_ _0\"></span>d (decre<span class=\"_ _0\"></span>ased) pro\ue615t or<span class=\"_ _0\"></span> loss by the amounts sho<span class=\"_ _0\"></span>wn below<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e analysis has been carried out on the budgeted net expos<span class=\"_ _0\"></span>ure by curr<span class=\"_ _0\"></span>ency for the <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> 2022, net of the use of cash \ue617ow hedg<span class=\"_ _0\"></span>es.Pro\ue614t and loss\ue61f\ue61e\ue61f\ue61d<span class=\"_ _298\"> </span><span class=\"ffc\">2022</span>Strengthening of the W<span class=\"_ _0\"></span>eakening of the  Strengthening of the W<span class=\"_ _0\"></span>eakening of the  MILLION EUROEuro by \ue61d\ue61e%Euro by \ue61d\ue61e%Euro by 10%Euro by 10%USD<span class=\"_ _299\"> </span>\ue61f.\ue61e<span class=\"_ _23f\"> </span>(\ue61f.\ue61e)<span class=\"_ _12c\"> </span>\ue618.\ue618<span class=\"_ _23f\"> </span>(\ue618.\ue618)RMB<span class=\"_ _1d4\"> </span>(\ue616.\ue617)<span class=\"_ _12c\"> </span>\ue616.\ue617<span class=\"_ _bc\"> </span>(\ue61f.\ue61f)<span class=\"_ _217\"> </span>\ue61f.\ue61fCAD<span class=\"_ _299\"> </span>\ue61e.\ue61a<span class=\"_ _bc\"> </span>(\ue61e.\ue61a)<span class=\"_ _23f\"> </span>(\ue61e.\ue616)<span class=\"_ _217\"> </span>\ue61e.\ue616GBP<span class=\"_ _29a\"> </span>(\ue61a.\ue61f)<span class=\"_ _217\"> </span>\ue61a.\ue61f<span class=\"_ _bc\"> </span>(\ue616.\ue61d)<span class=\"_ _217\"> </span>\ue616.\ue61dAUD<span class=\"_ _29b\"> </span>(\ue61d.\ue617)<span class=\"_ _217\"> </span>\ue61d.\ue617<span class=\"_ _bc\"> </span>(\ue61d.\ue61b)<span class=\"_ _217\"> </span>\ue61d.\ue61bINR<span class=\"_ _29c\"> </span>(\ue61a.\ue61f)<span class=\"_ _217\"> </span>\ue61a.\ue61f<span class=\"_ _bc\"> </span>(\ue61a.\ue616)<span class=\"_ _217\"> </span>\ue61a.\ue616KRW<span class=\"_ _15d\"> </span><span class=\"ls1 ws1\">(\ue61d.\ue61b)<span class=\"_ _217\"> </span>\ue61d.\ue61b<span class=\"_ _bc\"> </span>(\ue61f.\ue61e)<span class=\"_ _217\"> </span>\ue61f.\ue61e</span>CHF<span class=\"_ _29d\"> </span>(\ue61d.\ue61d)<span class=\"_ _217\"> </span>\ue61d.\ue61d<span class=\"_ _bc\"> </span>(\ue61d.\ue61d)<span class=\"_ _217\"> </span>\ue61d.\ue61dJPY<span class=\"_ _29e\"> </span>(\ue61f.\ue61c)<span class=\"_ _217\"> </span>\ue61f.\ue61c<span class=\"_ _bc\"> </span>(\ue61a.\ue618)<span class=\"_ _217\"> </span>\ue61a.\ue618With r<span class=\"_ _0\"></span>egard to cash \ue617ow<span class=\"_ _0\"></span> hedges,<span class=\"_ _0\"></span> a strengthening<span class=\"_ _22\"></span>/<span class=\"_ _0\"></span>weak<span class=\"_ _2\"></span>ening of the Euro by 10% against the US Dollar<span class=\"_ _2\"></span> would have an impact to <span class=\"_ _0\"></span>\u2018Other C<span class=\"_ _0\"></span>omprehensive income<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> net of tax of 1.5 million/(1.5) million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is analysis assumes that all other vari<span class=\"_ _0\"></span>ables, in particul<span class=\"_ _0\"></span>ar inter<span class=\"_ _0\"></span>est rates,<span class=\"_ _2\"></span> remain constant and ignores any imp<span class=\"_ _0\"></span>act of forecasted sales.21.2 Interest rate riskInterest r<span class=\"_ _0\"></span>ate risk is the risk th<span class=\"_ _0\"></span>at the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash \ue617ows of a \ue615nancial instr<span class=\"_ _0\"></span>ument will \ue617uctuate due to chan<span class=\"_ _0\"></span>ges in market inter<span class=\"_ _0\"></span>est rates.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to chan<span class=\"_ _0\"></span>ges in interest r<span class=\"_ _2\"></span>ates primarily relates to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net \ue615nancial de<span class=\"_ _0\"></span>bt position, including the FX<span class=\"_ _0\"></span>-sw<span class=\"_ _2\"></span>aps and its interest component that economically hedge inter<span class=\"_ _0\"></span>company lo<span class=\"_ _0\"></span>ans and deposits. F<span class=\"_ _2\"></span>or the most im<span class=\"ls1 ws1\">-</span>portant currencies the follow<span class=\"_ _0\"></span>ing interest r<span class=\"_ _2\"></span>ate pro\ue615le exists at the reporting d<span class=\"_ _0\"></span>ate:Pro\ue614t and loss\ue61f\ue61e\ue61f\ue61d<span class=\"_ _298\"> </span><span class=\"ffc\">2022</span>Outstanding amount<span class=\"_ _29f\"> </span>Outstanding amount<span class=\"_ _29f\"> </span><span class=\"ffc\">Outstanding amount<span class=\"_ _29f\"> </span>Outstanding amount</span>MILLION EUROAt \ue613oating rate<span class=\"_ _233\"> </span>At \ue614xed rate<span class=\"_ _233\"> </span><span class=\"ffc\">At \ue613oating rate<span class=\"_ _233\"> </span>At \ue615xed rate</span>EUR<span class=\"_ _226\"> </span>(\ue61f\ue618\ue61e)<span class=\"_ _2a0\"> </span>-<span class=\"_ _217\"> </span>(\ue616)<span class=\"_ _177\"> </span>-USD<span class=\"_ _197\"> </span>(\ue61a\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _d4\"> </span>(\ue61d\ue616)<span class=\"_ _2a0\"> </span>-GBP<span class=\"_ _65\"> </span>\ue61d<span class=\"_ _166\"> </span>-<span class=\"_ _d4\"> </span>(\ue61f\ue616)<span class=\"_ _2a0\"> </span>-RMB<span class=\"_ _29d\"> </span>(\ue61d\ue617)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12a\"> </span>(\ue61a\ue616)<span class=\"_ _177\"> </span>-AUD<span class=\"_ _29a\"> </span>(\ue61f\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue619)<span class=\"_ _2a0\"> </span>-JPY<span class=\"_ _2a1\"> </span>\ue61d\ue61a<span class=\"_ _2a0\"> </span>-<span class=\"_ _195\"> </span>\ue61d\ue61d<span class=\"_ _177\"> </span>-BRL<span class=\"_ _2a2\"> </span>\ue61d\ue618<span class=\"_ _2a0\"> </span>-<span class=\"_ _195\"> </span>\ue61d\ue617<span class=\"_ _177\"> </span>-CAD<span class=\"_ _2a3\"> </span>(\ue61d\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12a\"> </span>(\ue61f\ue61f)<span class=\"_ _2a0\"> </span>-HKD<span class=\"_ _29e\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-PLN<span class=\"_ _299\"> </span>(\ue618)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue616)<span class=\"_ _2a0\"> </span>-KRW<span class=\"_ _2a4\"> </span><span class=\"ls1 ws1\">(\ue616)<span class=\"_ _2a0\"> </span>-<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _2a0\"> </span>-</span>ZAR<span class=\"_ _2a5\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue61d)<span class=\"_ _2a0\"> </span>-INR<span class=\"_ _1b3\"> </span>(\ue61d\ue61f)<span class=\"_ _166\"> </span>-<span class=\"_ _12c\"> </span>(\ue616)<span class=\"_ _2a0\"> </span>-Other<span class=\"_ _194\"> </span>\ue61d\ue61c<span class=\"_ _2a0\"> </span>-<span class=\"_ _13f\"> </span>\ue61f\ue61d<span class=\"_ _2a0\"> </span>-TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2a6\"> </span><span class=\"ls1 ws1\">(325)<span class=\"_ _2a0\"> </span>-<span class=\"_ _14e\"> </span>(72)<span class=\"_ _2a0\"> </span>-</span>NET FINANCIAL DEBT<span class=\"_ _258\"> </span>(325)<span class=\"_ _2a7\"> </span>(72)21.2.<span class=\"_ _2\"></span>1 Sensitivity analysis interest rate riskA chang<span class=\"_ _0\"></span>e of 100 basis points in interest r<span class=\"_ _2\"></span>ates at December 31, 20<span class=\"_ _2\"></span>22 would have incr<span class=\"_ _0\"></span>eased (decr<span class=\"_ _0\"></span>eased) pr<span class=\"_ _0\"></span>o\ue615t or loss b<span class=\"_ _0\"></span>y the amounts shown belo<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618is analysis assumes that all other <span class=\"_ _0\"></span>varia<span class=\"_ _0\"></span>bles, in particular<span class=\"_ _2\"></span> foreign currency ra<span class=\"_ _0\"></span>tes, remain cons<span class=\"_ _0\"></span>tant.\ue618e analysis is performed on the same b<span class=\"_ _0\"></span>asis for 20<span class=\"_ _2\"></span>21.Pro\ue614t and loss\ue61d\ue61e\ue61e bp increase<span class=\"_ _df\"> </span>\ue61d\ue61e\ue61e bp decreaseDecember 31, 2021Net impact<span class=\"_ _10a\"> </span>\ue61a.\ue61a\ue61e<span class=\"_ _b0\"> </span>(\ue61a.\ue61a\ue61e)December 31, 2022Net impact<span class=\"_ _10a\"> </span>\ue61e.\ue619\ue61f<span class=\"_ _b0\"> </span>(\ue61e,\ue619\ue61f)21.3 Commodity price risk\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s most important ra<span class=\"_ _0\"></span>w material e<span class=\"_ _0\"></span>xposures rel<span class=\"_ _0\"></span>ate to silver<span class=\"_ _0\"></span> and aluminum. <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s commodity price risk<span class=\"_ _0\"></span> \u2013 i.e<span class=\"_ _2\"></span>. the risk that its futur<span class=\"_ _0\"></span>e cash \ue617ows and e<span class=\"_ _0\"></span>arnings may <span class=\"_ _0\"></span>vary because of chang<span class=\"_ _0\"></span>ed material prices \u2013 is highly<span class=\"_ _0\"></span> connected with other<span class=\"_ _2\"></span> factors such as the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s competitive position within an industry<span class=\"_ _2\"></span>, its re<span class=\"_ _0\"></span>lationship with cus<span class=\"_ _0\"></span>tomers and suppliers.In the past,<span class=\"_ _0\"></span> the Group applied for<span class=\"_ _0\"></span> the purchase of aluminum,<span class=\"_ _0\"></span> a strategy of pur<span class=\"_ _0\"></span>chasing at spot r<span class=\"_ _0\"></span>ates, combined <span class=\"_ _0\"></span>with a sys<span class=\"_ _0\"></span>tem of \"Rolling lay<span class=\"_ _0\"></span>ered forw<span class=\"_ _0\"></span>ard buy<span class=\"_ _0\"></span>ing\"<span class=\"_ _1\"></span>, in order<span class=\"_ _2\"></span> to prevent negative e\ue614ects fr<span class=\"_ _0\"></span>om potential future price rises or<span class=\"_ _0\"></span> price vola<span class=\"_ _0\"></span>tility of aluminum. <span class=\"_ _2\"></span>\ue618e amount of<span class=\"_ _22\"></span> forwar<span class=\"_ _0\"></span>d buying w<span class=\"_ _2\"></span>as de\ue615ned based on the metal volume for<span class=\"_ _2\"></span> customer contra<span class=\"_ _0\"></span>cts without alu<span class=\"ws1\">-</span>minum clauses. In 2<span class=\"_ _0\"></span>022,<span class=\"_ _0\"></span> almost all contra<span class=\"_ _0\"></span>cts contain quarterly price adjustment clauses,<span class=\"_ _2\"></span> a.o.<span class=\"_ _0\"></span> for aluminum,<span class=\"_ _0\"></span> eliminating the need for<span class=\"_ _0\"></span> forwar<span class=\"_ _0\"></span>d buying<span class=\"_ _0\"></span>. Hence the s<span class=\"_ _0\"></span>ystem of forwar<span class=\"_ _0\"></span>d buying is not use<span class=\"_ _0\"></span>d anymore<span class=\"_ _2\"></span>. As from 20<span class=\"_ _0\"></span>22, the Group no lon<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span> concludes metal sw<span class=\"_ _0\"></span>ap agreements with b<span class=\"_ _0\"></span>anks.<span class=\"_ _0\"></span>  At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> there are no outs<span class=\"_ _0\"></span>tanding metal sw<span class=\"_ _2\"></span>ap agreements. During 2021,<span class=\"_ _2\"></span> gains amounting to 7 mil<span class=\"ws1\">-</span>lion Euro ha<span class=\"_ _0\"></span>ve been recogniz<span class=\"_ _0\"></span>ed in \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. An amount of 13 million E<span class=\"_ _0\"></span>uro has been recl<span class=\"_ _0\"></span>assi\ue615ed from \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019 and has been de<span class=\"_ _0\"></span>ducted in \u2018In<span class=\"_ _0\"></span>ventory\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>axes amounting to 1 million E<span class=\"_ _0\"></span>uro hav<span class=\"_ _0\"></span>e been included in \u2018<span class=\"_ _0\"></span>Other compre<span class=\"_ _0\"></span>hensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.A reconcilia<span class=\"_ _0\"></span>tion in tabular f<span class=\"_ _0\"></span>ormat is pro<span class=\"_ _0\"></span>vided in Note 21.4 <span class=\"_ _0\"></span>\u2018Summarizing table of cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table summarizes the e\ue614ect of the cash \ue617o<span class=\"_ _0\"></span>w hedges r<span class=\"_ _0\"></span>elated to commodity risk<span class=\"_ _0\"></span> on the \ue615nancial statements:2022<span class=\"_ _245\"> </span>During the period - 2022Carrying amountAssets<span class=\"_ _71\"> </span>LiabilitiesMILLION EUROMetal swap agreements<span class=\"_ _38\"> </span>-<span class=\"_ _29\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue61f\ue61e\ue61f\ue61d<span class=\"_ _245\"> </span>During the period - \ue61f\ue61e\ue61f\ue61dCarrying amountAssets<span class=\"_ _71\"> </span>LiabilitiesMILLION EURODerivative Metal swap agreements<span class=\"_ _ae\"> </span>-<span class=\"_ _1a2\"> </span>-\ue614nancial \ue619<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _232\"> </span>(\ue61d\ue61a)<span class=\"_ _259\"> </span>-instruments21.3.<span class=\"_ _2\"></span>1 Sensitivity analysis commo<span class=\"_ _22\"></span>dity price riskFor<span class=\"_ _2\"></span> 2022, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of silver<span class=\"_ _0\"></span> is around 8<span class=\"_ _0\"></span>2 tons (2021: 89 tons).<span class=\"_ _2\"></span> For ev<span class=\"_ _0\"></span>ery US Dollar/<span class=\"_ _2\"></span>troy change in the silver<span class=\"_ _0\"></span> price,<span class=\"_ _0\"></span> the impact on the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s consolidated pro\ue615t or los<span class=\"_ _0\"></span>s statement is estimate<span class=\"_ _0\"></span>d at 2.6 million US Dollar<span class=\"_ _0\"></span> on a ye<span class=\"_ _0\"></span>arly basis (20<span class=\"_ _0\"></span>21: 2.8 million US Dollar).<span class=\"_ _0\"></span> \ue618e an<span class=\"_ _0\"></span>alysis has been carried out on the actual e<span class=\"_ _0\"></span>xposed volume f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 2022.<span class=\"_ _2\"></span> \ue618e aforementioned Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of silver<span class=\"_ _0\"></span> disregar<span class=\"_ _0\"></span>ds the ability to partly<span class=\"_ _0\"></span> charge its customers <span class=\"_ _0\"></span>without existing silver<span class=\"_ _0\"></span> clauses on the v<span class=\"_ _0\"></span>ariability of the silv<span class=\"_ _0\"></span>er price<span class=\"_ _2\"></span>. For<span class=\"_ _2\"></span> 2022, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of aluminum is around 77 kilotons (20<span class=\"_ _2\"></span>21: 72 kilotons). F<span class=\"_ _2\"></span>or every 100 US Dollar/<span class=\"_ _2\"></span>ton change in the E<span class=\"_ _0\"></span>uropean aluminium metal price (LME<span class=\"_ _0\"></span>), the impa<span class=\"_ _0\"></span>ct on the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s aluminum spending is estimated at 3.4 million Euro on a y<span class=\"_ _0\"></span>early b<span class=\"_ _0\"></span>asis (2021: 3 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> every 500 Chinese Y<span class=\"_ _2\"></span>uan/<span class=\"_ _0\"></span>ton change in the Chinese alu metal price (SHME &amp; CNAL),<span class=\"_ _2\"></span> the impact on the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s aluminum spending is estimated at 2.1 million Eur<span class=\"_ _0\"></span>o on a ye<span class=\"_ _0\"></span>arly basis (20<span class=\"_ _0\"></span>21: 1.8 million Euro<span class=\"_ _0\"></span>). Both analyses ha<span class=\"_ _0\"></span>ve been carried out on the budg<span class=\"_ _0\"></span>eted exposed v<span class=\"_ _0\"></span>olume for the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 converted a<span class=\"_ _0\"></span>t the budgeted r<span class=\"_ _0\"></span>ate of respectively<span class=\"_ _0\"></span> the US Dollar and Chinese <span class=\"_ _2\"></span>Yuan to E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>.\ue618e aforementioned Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of aluminum disregar<span class=\"_ _0\"></span>ds both the ability to p<span class=\"_ _0\"></span>artly charge its customers on the v<span class=\"_ _0\"></span>ariability of the aluminum metal price<span class=\"_ _0\"></span>, as w<span class=\"_ _0\"></span>ell as any he<span class=\"_ _0\"></span>dging done.<span class=\"_ _2\"></span> By year<span class=\"_ _0\"></span>-end 2021 the O\ue614set Solutions division h<span class=\"_ _0\"></span>ad updated a majorit<span class=\"_ _0\"></span>y of its contracts for<span class=\"_ _2\"></span> printing plates with quarterly price adjus<span class=\"_ _0\"></span>tment clauses, hence r<span class=\"_ _0\"></span>educing dr<span class=\"_ _0\"></span>astically the exposure to aluminum.21.4 Summarizing table of cash \ue60bow hedge reserve: currency risk and commodity risk\ue618e followin<span class=\"_ _0\"></span>g table prov<span class=\"_ _0\"></span>ides a summary of the e\ue614ect in accumulated other<span class=\"_ _2\"></span> comprehensive income of cash \ue617ow hedges b<span class=\"_ _0\"></span>y type of risk:Cash \ue613ow hedges related to TOT<span class=\"_ _0\"></span>ALCurrency risk<span class=\"_ _ae\"> </span>Commodity riskOther comprehensive income at January 1, 2021<span class=\"_ _1dd\"> </span>2<span class=\"_ _f8\"> </span>4<span class=\"_ _f8\"> </span>7E\ue615ective portion of changes in fair value booked in 'Other comprehensive income'<span class=\"_ _2a8\"> </span>(\ue61a)<span class=\"_ _f8\"> </span>\ue619<span class=\"_ _f8\"> </span>\ue616Changes in fair value of cash \ue613ow hedges reclassi\ue614ed to turnover<span class=\"_ _145\"> </span>(\ue61d)<span class=\"_ _b2\"> </span>-<span class=\"_ _18c\"> </span>(\ue61d)Adjustments for amounts transferred to initial carrying amount of inventory <span class=\"_ _bf\"> </span>-<span class=\"_ _147\"> </span>(\ue61d\ue61a)<span class=\"_ _147\"> </span>(\ue61d\ue61a)Income taxes<span class=\"_ _1e4\"> </span>\ue61d<span class=\"_ _14b\"> </span>\ue61d<span class=\"_ _f8\"> </span>\ue61fOther comprehensive income at December 31, 2021<span class=\"_ _1b8\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)Other comprehensive income at January 1, 2022<span class=\"_ _2a9\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)E\ue615ective portion of changes in fair value booked in 'Other comprehensive income'<span class=\"_ _2a8\"> </span>(\ue618)<span class=\"_ _b2\"> </span>-<span class=\"_ _18c\"> </span>(\ue618)Changes in fair value of cash \ue613ow hedges reclassi\ue614ed to turnover<span class=\"_ _264\"> </span>\ue618<span class=\"_ _241\"> </span>-<span class=\"_ _f8\"> </span>\ue618Adjustments for amounts transferred to initial carrying amount of inventory<span class=\"_ _251\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _b2\"> </span>-Income taxes<span class=\"_ _2aa\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _241\"> </span>-Other comprehensive income at December 31, 2022<span class=\"_ _1b8\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)\ue618ere are no b<span class=\"_ _0\"></span>alances in hedge reserve r<span class=\"_ _0\"></span>elated to he<span class=\"_ _0\"></span>dge rela<span class=\"_ _0\"></span>tionships for w<span class=\"_ _0\"></span>hich hedge accounting is no lon<span class=\"_ _0\"></span>ger applie<span class=\"_ _0\"></span>d. CREDIT RISKCredit risk is the risk<span class=\"_ _0\"></span> that the counterpart<span class=\"_ _0\"></span>y to a \ue615nancial instrument m<span class=\"_ _0\"></span>ay fail to disch<span class=\"_ _0\"></span>arge an obligation and cause the Group to incur<span class=\"_ _0\"></span> a \ue615nancial loss.\ue618e Group manag<span class=\"_ _0\"></span>es exposure to cr<span class=\"_ _0\"></span>edit risk by<span class=\"_ _0\"></span> working w<span class=\"_ _0\"></span>ith upfront agreed counterp<span class=\"_ _0\"></span>arty credit limits and thr<span class=\"_ _0\"></span>ough diver<span class=\"_ _0\"></span><span class=\"ws1\">-</span>si\ue615cation of counterparties.Credit risk arises m<span class=\"_ _0\"></span>ainly from the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s receiv<span class=\"_ _2\"></span>ables from customers, inv<span class=\"_ _0\"></span>estments and foreign curr<span class=\"_ _0\"></span>ency forwar<span class=\"_ _0\"></span>d contracts.\ue618e exposure to cr<span class=\"_ _0\"></span>edit risk from cus<span class=\"_ _0\"></span>tomer r<span class=\"_ _0\"></span>eceivables is monitor<span class=\"_ _0\"></span>ed on an ongoing b<span class=\"_ _0\"></span>asis by the Cr<span class=\"_ _0\"></span>edit Committee<span class=\"_ _0\"></span>. Credit limits are set for<span class=\"_ _0\"></span> each customer<span class=\"_ _2\"></span> based on its creditworthines<span class=\"_ _0\"></span>s and are review<span class=\"_ _0\"></span>ed periodically by<span class=\"_ _0\"></span> the Credit Committee<span class=\"_ _2\"></span>. In monitoring the credit risk,<span class=\"_ _0\"></span> customers are groupe<span class=\"_ _0\"></span>d in risk categories a<span class=\"_ _0\"></span>ccording to their<span class=\"_ _0\"></span> \ue615nancial char<span class=\"_ _0\"></span>acteristics.<span class=\"_ _0\"></span> It is the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s policy to cover<span class=\"_ _0\"></span> a portion of the receiv<span class=\"_ _0\"></span>ables portfolio through cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance to cover<span class=\"_ _0\"></span> default risk.Goods sold are subject to retention of title cla<span class=\"_ _0\"></span>uses, so that in the ev<span class=\"_ _0\"></span>ent of non-payment,<span class=\"_ _0\"></span> the Group may<span class=\"_ _0\"></span> have a secur<span class=\"_ _0\"></span>ed claim. In normal cir<span class=\"_ _0\"></span>cumstances, the Gr<span class=\"_ _0\"></span>oup does not require colla<span class=\"_ _0\"></span>teral in respect of tr<span class=\"_ _2\"></span>ade or other r<span class=\"_ _0\"></span>eceivables.T<span class=\"_ _2\"></span>ransactions in<span class=\"_ _0\"></span>volving deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments and deposits ar<span class=\"_ _0\"></span>e to be kept within pr<span class=\"_ _0\"></span>ede\ue615ned credit limits set b<span class=\"_ _0\"></span>y counterparty b<span class=\"_ _0\"></span>ased on the Standard &amp; P<span class=\"_ _2\"></span>oor\u2019<span class=\"_ _2\"></span>s rating of the r<span class=\"_ _0\"></span>elated \ue615nancial ins<span class=\"_ _0\"></span>titution. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o minimize the concentration of counterparty risk,<span class=\"_ _0\"></span> the Group enters into deriv<span class=\"_ _0\"></span>ative tr<span class=\"_ _0\"></span>ansactions with a number<span class=\"_ _2\"></span> of \ue615nancial institutions. Inv<span class=\"_ _0\"></span>estments are only allowe<span class=\"_ _0\"></span>d in liquid assets.22.<span class=\"_ _2\"></span>1 Exp<span class=\"_ _22\"></span>osure to credit riskAs a result of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s broa<span class=\"_ _0\"></span>d customer portf<span class=\"_ _0\"></span>olio,<span class=\"_ _0\"></span> there wer<span class=\"_ _0\"></span>e no signi\ue615cant concentrations of cr<span class=\"_ _0\"></span>edit risk at December<span class=\"_ _0\"></span> 31, 2022.<span class=\"_ _2\"></span> \ue618e maximum exposur<span class=\"_ _0\"></span>e is kept w<span class=\"_ _0\"></span>ithin prede\ue615ned limits.\ue618e carrying amounts of the \ue615nancial assets,<span class=\"_ _0\"></span> including deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments, in the statement <span class=\"_ _0\"></span>of \ue615nancial po<span class=\"ws1\">-</span>sition re\ue617ect the maximum expos<span class=\"_ _0\"></span>ure to credit risk.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e maximum exposur<span class=\"_ _0\"></span>e to credit risk at the r<span class=\"_ _0\"></span>eporting date per<span class=\"_ _0\"></span> class of \ue615nancial asset is as follo<span class=\"_ _0\"></span>ws:MILLION EURO\ue610<span class=\"_ _13e\"> </span>Note<span class=\"_ _fa\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Financial assets at fair value through OCI\ue614Equity instruments<span class=\"_ _2ab\"> </span>\ue61a\ue61e.\ue61f<span class=\"_ _fb\"> </span>\ue619<span class=\"_ _13f\"> </span>\ue616Financial assets at fair value through pro\ue615t or lossDerivatives not part of a hedging relationship \u2013 assets<span class=\"_ _289\"> </span>\ue61f\ue618<span class=\"_ _2ac\"> </span>\ue61d<span class=\"_ _b4\"> </span>\ue61aFinancial assets at amortized cost and contract assetsT<span class=\"_ _2\"></span>rade receivables<span class=\"_ _2ad\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _1df\"> </span>\ue61a\ue61d\ue61b<span class=\"_ _bc\"> </span>\ue61a\ue61e\ue61eContract assets<span class=\"_ _a\"> </span>\ue61c.\ue61a<span class=\"_ _25e\"> </span>\ue619\ue617<span class=\"_ _14b\"> </span>\ue61b\ue616Receivables under \ue614nance lease<span class=\"_ _1ea\"> </span>\ue61a\ue61d<span class=\"_ _2ae\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _13c\"> </span>\ue61d\ue61e\ue61aOther receivables<span class=\"_ _13d\"> </span>\ue61a\ue61a<span class=\"_ _2ac\"> </span>\ue616<span class=\"_ _b4\"> </span>\ue617Other investments and loans measured at cost\ue610<span class=\"_ _28c\"> </span>\ue61a\ue61e.\ue61f<span class=\"_ _2af\"> </span>\ue616<span class=\"_ _b4\"> </span>\ue61dCash\ue610<span class=\"_ _210\"> </span>\ue61a\ue616<span class=\"_ _2ae\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _13c\"> </span>\ue61d\ue61a\ue61cTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2b0\"> </span><span class=\"ls1 ws1\">909<span class=\"_ _13c\"> </span>650</span>At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> the exposur<span class=\"_ _0\"></span>e to credit risk for<span class=\"_ _2\"></span> trade receiv<span class=\"_ _2\"></span>ables, contract assets and le<span class=\"_ _0\"></span>ase receiv<span class=\"_ _2\"></span>ables by geogr<span class=\"_ _0\"></span>aphic region w<span class=\"_ _0\"></span>as as follows: \ue61f\ue61e\ue61f\ue61d<span class=\"_ _27\"> </span><span class=\"ffc\">2022</span>MILLION EUROT<span class=\"_ _2\"></span>rade receivables<span class=\"_ _183\"> </span>C<span class=\"_ _0\"></span>ontract assets<span class=\"_ _bd\"> </span>Lease receivables<span class=\"_ _d2\"> </span><span class=\"ffc\">T<span class=\"_ _2\"></span>rade receivables<span class=\"_ _bd\"> </span>Contract assets<span class=\"_ _bd\"> </span>Lease receivables</span>Europe<span class=\"_ _1bf\"> </span>\ue61d\ue61a\ue618<span class=\"_ _c6\"> </span>\ue61f\ue618<span class=\"_ _c6\"> </span>\ue619\ue61a<span class=\"_ _206\"> </span>\ue61d\ue61f\ue617<span class=\"_ _c6\"> </span>\ue61a\ue616<span class=\"_ _c6\"> </span>\ue617\ue619NAFT<span class=\"_ _2\"></span>A<span class=\"_ _2b1\"> </span>\ue616\ue619<span class=\"_ _c6\"> </span>\ue616\ue616<span class=\"_ _c6\"> </span>\ue61f\ue617<span class=\"_ _246\"> </span>\ue616\ue619<span class=\"_ _c6\"> </span>\ue616\ue61b<span class=\"_ _c6\"> </span>\ue61a\ue619Latin America<span class=\"_ _b0\"> </span><span class=\"ws1\">\ue61f\ue619<span class=\"_ _12a\"> </span>\ue617<span class=\"_ _1a6\"> </span>-<span class=\"_ _c6\"> </span>\ue61a\ue61d<span class=\"_ _1a2\"> </span>\ue619<span class=\"_ _1a6\"> </span>-</span>Asia/Oceania/Africa<span class=\"_ _98\"> </span>\ue61d\ue61d\ue61e<span class=\"_ _12a\"> </span>\ue61f<span class=\"_ _1a6\"> </span>-<span class=\"_ _c6\"> </span>\ue61b\ue617<span class=\"_ _1a2\"> </span>\ue618<span class=\"_ _1a6\"> </span>-TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2b2\"> </span><span class=\"ls1 ws1\">319<span class=\"_ _c6\"> </span>76<span class=\"_ _206\"> </span>100<span class=\"_ _206\"> </span>300<span class=\"_ _1a5\"> </span>94<span class=\"_ _206\"> </span>103</span>22.2 Expected credit lossWith r<span class=\"_ _0\"></span>egard to impairment of tr<span class=\"_ _2\"></span>ade receivables,<span class=\"_ _0\"></span> lease receiv<span class=\"_ _2\"></span>ables and contract assets,<span class=\"_ _0\"></span> the Group applies the simpli\ue615ed <span class=\"_ _20\"></span><span class=\"ws1\"> </span>approach f<span class=\"_ _0\"></span>or the impairment ev<span class=\"_ _2\"></span>aluation, which implies tha<span class=\"_ _0\"></span>t credit losses for<span class=\"_ _2\"></span> these categories of assets are alwa<span class=\"_ _0\"></span>ys meas<span class=\"_ _0\"></span>ured at an amount equal to lifetime expecte<span class=\"_ _0\"></span>d credit losses.<span class=\"_ _0\"></span> Credit losses ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed as the present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> all cash shortfalls \u2013 i.e<span class=\"_ _2\"></span>. the di\ue614erence between the cash \ue617o<span class=\"_ _0\"></span>ws to which the entity is entitle<span class=\"_ _0\"></span>d to and what the entity e<span class=\"_ _0\"></span>xpects to receive<span class=\"_ _2\"></span>.\ue618e inputs and assumptions to the expected cr<span class=\"_ _0\"></span>edit loss model ar<span class=\"_ _0\"></span>e the following: signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancial di\ue616culty of the coun<span class=\"ws1\">-</span>terparty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> a default of more than 90 da<span class=\"_ _0\"></span>ys past due<span class=\"_ _2\"></span>, a possible bankruptcy of the counterparty<span class=\"_ _1\"></span>.\ue618e evalu<span class=\"_ _0\"></span>ation of possible credit-impairment tak<span class=\"_ _2\"></span>es into account forward-looking elements.<span class=\"_ _2\"></span> For the ma<span class=\"_ _0\"></span>jor part of the ac<span class=\"ws1\">-</span>counts receiv<span class=\"_ _0\"></span>able balances,<span class=\"_ _0\"></span> debtors are scor<span class=\"_ _0\"></span>ed and rate<span class=\"_ _0\"></span>d based on quantitativ<span class=\"_ _0\"></span>e and qualitative inform<span class=\"_ _0\"></span>ation on an ongoing basis through Cr<span class=\"_ _0\"></span>edit Risk Applica<span class=\"_ _0\"></span>tion in place<span class=\"_ _0\"></span>. All cus<span class=\"_ _0\"></span>tomers are classi\ue615ed into di\ue614er<span class=\"_ _0\"></span>ent risk categ<span class=\"_ _0\"></span>ories which are re<span class=\"_ _2\"></span>as<span class=\"ws1\">-</span>sessed on a ye<span class=\"_ _2\"></span>arly basis based on relev<span class=\"_ _2\"></span>ant for<span class=\"_ _22\"></span>w<span class=\"_ _0\"></span>ard-looking informa<span class=\"_ _0\"></span>tion such as data from e<span class=\"_ _0\"></span>xternal credit bur<span class=\"_ _0\"></span>eaus,<span class=\"_ _0\"></span> age of business, country risk and the cr<span class=\"_ _0\"></span>edit manager\u2019<span class=\"_ _1\"></span>s assessment. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o mitigate the credit risk, cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance and other risk<span class=\"_ _0\"></span> mitigation tools such as letter<span class=\"_ _0\"></span> of credit, b<span class=\"_ _0\"></span>ank guar<span class=\"_ _2\"></span>antees, or mortgages ar<span class=\"_ _0\"></span>e used within the Gr<span class=\"_ _0\"></span>oup.\ue618e ageing of tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables and receiv<span class=\"_ _2\"></span>ables under \ue615nance lease at the r<span class=\"_ _0\"></span>eporting date w<span class=\"_ _2\"></span>as:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2b3\"> </span><span class=\"ffc\">2022</span>MILLION EUROGross value<span class=\"_ _181\"> </span>Impairment loss<span class=\"_ _a5\"> </span>Net<span class=\"_ _af\"> </span><span class=\"ffc\">Gross value<span class=\"_ _181\"> </span>Impairment loss<span class=\"_ _a5\"> </span>Net</span>T<span class=\"_ _2\"></span>rade receivablesNot past due<span class=\"_ _207\"> </span>\ue61f\ue61c\ue61c<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _233\"> </span>\ue61f\ue61c\ue616<span class=\"_ _ee\"> </span>\ue61f\ue617\ue616<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _248\"> </span>\ue61f\ue617\ue61dPast due \ue61e - \ue61a\ue61e days<span class=\"_ _14a\"> </span>\ue61b<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61b<span class=\"_ _95\"> </span>\ue61d\ue618<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>\ue61d\ue618Past due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _288\"> </span>\ue61d\ue61b<span class=\"_ _23f\"> </span>-<span class=\"_ _23e\"> </span>\ue61d\ue61b<span class=\"_ _31\"> </span>\ue61d\ue618<span class=\"_ _ca\"> </span>(\ue61d)<span class=\"_ _d0\"> </span>\ue61d\ue618Past due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _288\"> </span>\ue616<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61a<span class=\"_ _2b4\"> </span>\ue616<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _c5\"> </span>\ue61aPast due \ue61d\ue61c\ue61d - \ue61a\ue617\ue61e days<span class=\"_ _2b5\"> </span>\ue617<span class=\"_ _ec\"> </span>(\ue617)<span class=\"_ _2d\"> </span>-<span class=\"_ _41\"> </span>\ue61b<span class=\"_ _ca\"> </span>(\ue619)<span class=\"_ _2f\"> </span>\ue61fPast due more than \ue61a\ue617\ue61e days<span class=\"_ _2b6\"> </span>\ue61a\ue61b<span class=\"_ _d5\"> </span>(\ue61a\ue616)<span class=\"_ _c5\"> </span>\ue618<span class=\"_ _95\"> </span>\ue61a\ue617<span class=\"_ _d5\"> </span>(\ue61a\ue61d)<span class=\"_ _c5\"> </span>\ue618TOT<span class=\"_ _2\"></span>AL TRADE RECEIVABLES<span class=\"_ _1e3\"> </span><span class=\"ws1\">365<span class=\"_ _236\"> </span>(45)<span class=\"_ _248\"> </span>319<span class=\"_ _ee\"> </span>343<span class=\"_ _236\"> </span>(44)<span class=\"_ _248\"> </span>300</span>Receivables under \ue615nance leaseNot past due<span class=\"_ _3c\"> </span>\ue61b\ue61b<span class=\"_ _156\"> </span>-<span class=\"_ _23e\"> </span>\ue61b\ue61b<span class=\"_ _ee\"> </span>\ue61d\ue61e\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _248\"> </span>\ue61d\ue61e\ue61dPast due \ue61e - \ue61a\ue61e days<span class=\"_ _14a\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61d<span class=\"_ _2b4\"> </span>\ue61f<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61fPast due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _239\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b4\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61dPast due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _2b7\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _1da\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _2b8\"> </span>-Past due \ue61d\ue61c\ue61d - \ue61a\ue617\ue61e days<span class=\"_ _23b\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _1da\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _2b8\"> </span>-Past due more than \ue61a\ue617\ue61e days<span class=\"_ _b7\"> </span>\ue61d<span class=\"_ _ec\"> </span>(\ue61f)<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b4\"> </span>\ue61d<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _2b8\"> </span>-TOT<span class=\"_ _2\"></span>AL RECEIVABLES UNDER FINANCE LEASES<span class=\"_ _163\"> </span>102<span class=\"_ _1da\"> </span>(2)<span class=\"_ _248\"> </span>100<span class=\"_ _33\"> </span>105<span class=\"_ _ca\"> </span>(1)<span class=\"_ _233\"> </span>103P<span class=\"_ _0\"></span>ast due amounts of more than 360 day<span class=\"_ _0\"></span>s mainly arise in Belgium and are m<span class=\"_ _0\"></span>ainly caused by commer<span class=\"_ _0\"></span>cial disputes. <span class=\"_ _2\"></span>\ue618ese over<span class=\"_ _0\"></span>dues are for<span class=\"_ _0\"></span> the major<span class=\"_ _0\"></span> part written do<span class=\"_ _0\"></span>wn. Over<span class=\"_ _2\"></span>dues by region are very closely<span class=\"_ _0\"></span> monitored case by case b<span class=\"_ _0\"></span>y the Credit Committees within the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> \ue618e followin<span class=\"_ _0\"></span>g table prov<span class=\"_ _0\"></span>ides information about the e<span class=\"_ _0\"></span>xposure to credit risk<span class=\"_ _0\"></span> for tr<span class=\"_ _2\"></span>ade receivables fr<span class=\"_ _0\"></span>om individual customers at December 31,<span class=\"_ _2\"></span> 2022:MILLION EURO\ue610<span class=\"_ _14f\"> </span>Weighted average loss rate<span class=\"_ _89\"> </span>Gross carrying amount<span class=\"_ _ec\"> </span>Loss allowanceNot past due<span class=\"_ _2b9\"> </span>\ue61d.\ue61d\ue617%<span class=\"_ _2ba\"> </span>\ue61f\ue617\ue616<span class=\"_ _2ba\"> </span>(\ue61a)Past due \ue61e - \ue61a\ue61e days<span class=\"_ _27\"> </span>\ue618.\ue618\ue61e%<span class=\"_ _8e\"> </span>\ue61d\ue618<span class=\"_ _2ba\"> </span>(\ue61d)Past due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _1a8\"> </span>\ue616.\ue618\ue61c%<span class=\"_ _2bb\"> </span>\ue61d\ue618<span class=\"_ _2ba\"> </span>(\ue61d)Past due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _34\"> </span>\ue61f\ue61e.\ue61f\ue61d%<span class=\"_ _1db\"> </span>\ue616<span class=\"_ _2ba\"> </span>(\ue61d)More than \ue61d\ue61c\ue61e days\ue610<span class=\"_ _2bc\"> </span>\ue61c\ue618.\ue61f\ue617%<span class=\"_ _2bb\"> </span>\ue616\ue618<span class=\"_ _2bd\"> </span>(\ue61a\ue61c)\ue618e movement in the allo<span class=\"_ _0\"></span>wance for<span class=\"_ _2\"></span> impairment in respect of trade<span class=\"_ _2\"></span>, lease receiv<span class=\"_ _2\"></span>ables and contract assets during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> is shown in the follo<span class=\"_ _0\"></span>wing table<span class=\"_ _2\"></span>. \ue618e loss amount is me<span class=\"_ _2\"></span>asured at an amount equal to lifetime expected cr<span class=\"_ _0\"></span>edit losses.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _bb\"> </span><span class=\"ffc\">2022</span>Impairment losses Impairment losses Impairment Impairment losses on trade and on trade and losses on on contract assetsMILLION EUROlease receivableslease receivablescontract assetsBalance at January 1<span class=\"_ _27\"> </span>45<span class=\"_ _a8\"> </span>1<span class=\"_ _d6\"> </span>47<span class=\"_ _267\"> </span><span class=\"ffb\">-</span>Additions/reversals charged to pro\ue614t or loss<span class=\"_ _1c4\"> </span>\ue61f<span class=\"_ _c9\"> </span>-<span class=\"_ _a8\"> </span>\ue61d<span class=\"_ _c9\"> </span>- (\ue61d)Deductions from allowance-<span class=\"_ _c9\"> </span>-<span class=\"_ _131\"> </span>(\ue61a)<span class=\"_ _fa\"> </span>-Disposals<span class=\"_ _19c\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _fa\"> </span>-Exchange di\ue615erences<span class=\"_ _2be\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _fa\"> </span>-Balance at December 31<span class=\"_ _3c\"> </span>47<span class=\"_ _c9\"> </span>-<span class=\"_ _d6\"> </span>45<span class=\"_ _a8\"> </span>1(1) W<span class=\"_ _2\"></span>rite-o\ue614s for which an allowance <span class=\"_ _0\"></span>was prev<span class=\"_ _0\"></span>iously recorded.\ue618e gross carrying amount of a \ue615nancial as<span class=\"_ _0\"></span>set is written o\ue614 when the Group has no r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectations of recov<span class=\"_ _0\"></span>ering a \ue615nancial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group individu<span class=\"_ _0\"></span>ally makes an asses<span class=\"_ _0\"></span>sment for e<span class=\"_ _2\"></span>ach type of \ue615nancial asset based on w<span class=\"_ _0\"></span>hether there is a r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectation of recov<span class=\"_ _0\"></span>ery<span class=\"_ _2\"></span>. Financial assets tha<span class=\"_ _0\"></span>t are written o\ue614 are still s<span class=\"_ _0\"></span>ubject to enforcement activ<span class=\"_ _0\"></span>ities of the Group for r<span class=\"_ _0\"></span>ecovery of amounts due<span class=\"_ _0\"></span>.\ue618e impairment loss re<span class=\"_ _0\"></span>lates to sever<span class=\"_ _0\"></span>al other cus<span class=\"_ _0\"></span>tomers that indicated not to be able to p<span class=\"_ _0\"></span>ay their<span class=\"_ _0\"></span> outstanding balances mainly due to economic circumstances.\ue618e cash held by the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _0\"></span> is deposited with b<span class=\"_ _0\"></span>anks hav<span class=\"_ _0\"></span>ing an A cr<span class=\"_ _0\"></span>edit ra<span class=\"_ _0\"></span>ting.<span class=\"_ _d1\"> </span>LIQUIDITY RISKLiquidity risk is the risk<span class=\"_ _0\"></span> that the Group w<span class=\"_ _0\"></span>ill encounter di\ue616culties in meeting commitments r<span class=\"_ _0\"></span>elated to \ue615nanci<span class=\"_ _0\"></span>al liabilities when they fall due<span class=\"_ _2\"></span>.\ue618e Group ensures th<span class=\"_ _0\"></span>at it has su\ue616cient liquidity to meet its lia<span class=\"_ _0\"></span>bilities. Liquidity risk<span class=\"_ _0\"></span> is managed b<span class=\"_ _0\"></span>y maintaining a su\ue616cient degree of diversi\ue615cation of funding sour<span class=\"_ _0\"></span>ces. <span class=\"_ _2\"></span>\ue618e Group has a policy in place to limit concentra<span class=\"_ _0\"></span>tions related to liquidit<span class=\"_ _0\"></span>y risk. \ue618e total share of gross dr<span class=\"_ _2\"></span>awn term debt and all undra<span class=\"_ _0\"></span>wn committed facilities pr<span class=\"_ _0\"></span>ovided b<span class=\"_ _0\"></span>y one bank or<span class=\"_ _2\"></span> bank group should not exceed pr<span class=\"_ _0\"></span>edetermined limits. Risk<span class=\"_ _0\"></span> concentra<span class=\"_ _0\"></span>tions are monitored on an ong<span class=\"_ _0\"></span>oing basis by<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>reasury Committee<span class=\"_ _2\"></span>.In managing its liquidity risk,<span class=\"_ _2\"></span> the Group has a revolving cr<span class=\"_ _0\"></span>edit facility<span class=\"_ _0\"></span> it can access to meet its liquidity needs.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e notional amount of this credit facilit<span class=\"_ _0\"></span>y amounts to 230 million Eur<span class=\"_ _0\"></span>o with maturity<span class=\"_ _0\"></span> date March,<span class=\"_ _0\"></span> 2024 w<span class=\"_ _0\"></span>ith a possibility of extension of the term two times w<span class=\"_ _0\"></span>ith one year<span class=\"_ _2\"></span>. In the course of 20<span class=\"_ _2\"></span>22 the maturity date has been extende<span class=\"_ _0\"></span>d until March 2025.<span class=\"_ _2\"></span> Drawdo<span class=\"_ _0\"></span>wns under these lines ar<span class=\"_ _0\"></span>e made for<span class=\"_ _0\"></span> shorter periods but the Gr<span class=\"_ _0\"></span>oup has the discretion to roll-o<span class=\"_ _0\"></span>ver the li<span class=\"_ _0\"></span>ability under<span class=\"_ _0\"></span> the existing committed loan agreement.<span class=\"_ _2\"></span> In the liquidity analysis, rep<span class=\"_ _0\"></span>ayments of the committed facilities ar<span class=\"_ _0\"></span>e included in the earliest time band the Group could be r<span class=\"_ _0\"></span>equired to rep<span class=\"_ _0\"></span>ay its liabilities.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 2022, ther<span class=\"_ _0\"></span>e are no dra<span class=\"_ _0\"></span>wdo<span class=\"_ _0\"></span>wns under these lines (2<span class=\"_ _0\"></span>021: 0 million Euro<span class=\"_ _0\"></span>).\ue618e followin<span class=\"_ _0\"></span>g are the remaining contr<span class=\"_ _2\"></span>actual maturities at the end of the reporting period of \ue615nancial lia<span class=\"_ _0\"></span>bilities, including estimated inter<span class=\"_ _0\"></span>est payments <span class=\"_ _0\"></span>based on conditions existin<span class=\"_ _0\"></span>g at the reporting da<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> i.e<span class=\"_ _2\"></span>. exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and interest r<span class=\"_ _0\"></span>ates. <span class=\"_ _0\"></span>With regar<span class=\"_ _0\"></span>d to derivativ<span class=\"_ _0\"></span>es, the ma<span class=\"_ _0\"></span>turity analysis comprises liabilities arisin<span class=\"_ _0\"></span>g from deriv<span class=\"_ _0\"></span>atives and all gros<span class=\"_ _0\"></span>s settled forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contracts.<span class=\"_ _2\"></span> \ue618e contra<span class=\"_ _0\"></span>ctual cash \ue617ows for<span class=\"_ _2\"></span> for<span class=\"_ _22\"></span>war<span class=\"_ _2\"></span>d exchange contr<span class=\"_ _0\"></span>acts are determined using f<span class=\"_ _0\"></span>orward r<span class=\"_ _2\"></span>ates.2021Contractual cash \ue613owsCarrying \ue61a months  \ue61a-\ue61d\ue61f \ue61d-\ue618 More than amountTOT<span class=\"_ _0\"></span>ALMILLION EUROor lessmonths years\ue618 yearsNon-derivative \ue615nancial liabilitiesDebenture<span class=\"_ _223\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>- (\ue61d)Revolving credit facility(\ue61d)<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-EIB loan<span class=\"_ _162\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Other loans<span class=\"_ _155\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _28\"> </span>\ue61f<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Lease liabilities<span class=\"_ _2b9\"> </span>\ue619\ue61e<span class=\"_ _25c\"> </span>\ue619\ue61e<span class=\"_ _28\"> </span>\ue617<span class=\"_ _25c\"> </span>\ue61d\ue619<span class=\"_ _2f\"> </span>\ue616\ue61a<span class=\"_ _2b\"> </span>\ue61aBank overdrafts<span class=\"_ _2c0\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-T<span class=\"_ _2\"></span>rade payables<span class=\"_ _1d8\"> </span>\ue61f\ue618\ue61f<span class=\"_ _89\"> </span>\ue61f\ue618\ue61f<span class=\"_ _ee\"> </span>\ue61f\ue618\ue61f<span class=\"_ _1c0\"> </span>-<span class=\"_ _259\"> </span>-Other payables<span class=\"_ _19a\"> </span>\ue61b<span class=\"_ _2b\"> </span>\ue61b<span class=\"_ _31\"> </span>\ue61b<span class=\"_ _24a\"> </span>-<span class=\"_ _259\"> </span>-Derivative \ue615nancial liabilitiesForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _2c1\"> </span>(\ue61d)<span class=\"_ _232\"> </span>(\ue61d\ue617)<span class=\"_ _243\"> </span>(\ue61d\ue617)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _162\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue618<span class=\"_ _2f\"> </span>\ue61d\ue618<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other forward exchange contracts:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _2c1\"> </span>(\ue61d)<span class=\"_ _188\"> </span>(\ue61d\ue61a\ue61b)<span class=\"_ _232\"> </span>(\ue616\ue61d)<span class=\"_ _243\"> </span>(\ue61b\ue61c)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _124\"> </span>\ue61d<span class=\"_ _89\"> </span>\ue61d\ue616\ue61e<span class=\"_ _2f\"> </span>\ue616\ue61d<span class=\"_ _2f\"> </span>\ue61b\ue61b<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _297\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c2\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-(1)<span class=\"_ _d1\"> </span>T<span class=\"_ _0\"></span>ransaction costs (1 million E<span class=\"_ _0\"></span>uro) are pr<span class=\"_ _0\"></span>esented as a reduction of the carrying amount of the \ue615nancial liability<span class=\"_ _2\"></span>.2022Contractual cash \ue613owsCarrying \ue61a months  \ue61a-\ue61d\ue61f \ue61d-\ue618 More than  amountTOT<span class=\"_ _0\"></span>ALMILLION EUROor lessmonthsyears\ue618 yearsNon-derivative \ue615nancial liabilitiesDebenture<span class=\"_ _22c\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>- (\ue61d)Revolving credit facility(\ue61d)<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-EIB loan<span class=\"_ _2c3\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other loans<span class=\"_ _2c4\"> </span>\ue616<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Lease liabilities<span class=\"_ _2c5\"> </span>\ue617\ue61f<span class=\"_ _25c\"> </span>\ue617\ue61f<span class=\"_ _28\"> </span>\ue617<span class=\"_ _25c\"> </span>\ue61d\ue616<span class=\"_ _2f\"> </span>\ue61a\ue618<span class=\"_ _2b\"> </span>\ue617Bank overdrafts<span class=\"_ _202\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-T<span class=\"_ _2\"></span>rade payables<span class=\"_ _2a\"> </span>\ue61f\ue616\ue61b<span class=\"_ _d0\"> </span>\ue61f\ue616\ue61b<span class=\"_ _ee\"> </span>\ue61f\ue616\ue61b<span class=\"_ _1c0\"> </span>-<span class=\"_ _259\"> </span>-Other payables<span class=\"_ _2c6\"> </span>\ue617<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _31\"> </span>\ue617<span class=\"_ _24a\"> </span>-<span class=\"_ _259\"> </span>-Derivative \ue615nancial liabilities<span class=\"_ _127\"> </span>-Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _155\"> </span>(\ue61d)<span class=\"_ _243\"> </span>(\ue61d\ue619)<span class=\"_ _234\"> </span>(\ue61d\ue619)<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c7\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue617<span class=\"_ _2f\"> </span>\ue61d\ue617<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other forward exchange contracts:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _155\"> </span>(\ue61d)<span class=\"_ _188\"> </span>(\ue61d\ue61f\ue61c)<span class=\"_ _243\"> </span>(\ue617\ue619)<span class=\"_ _232\"> </span>(\ue617\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c8\"> </span>\ue61a<span class=\"_ _89\"> </span>\ue61d\ue61a\ue61e<span class=\"_ _2f\"> </span>\ue617\ue619<span class=\"_ _2f\"> </span>\ue617\ue61f<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-(1)<span class=\"_ _d1\"> </span>T<span class=\"_ _0\"></span>ransaction costs (1 million E<span class=\"_ _0\"></span>uro) are pr<span class=\"_ _0\"></span>esented as a reduction of the carrying amount of the \ue615nancial liability<span class=\"_ _2\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table indicates the periods in which the cash \ue617ow<span class=\"_ _0\"></span>s associated w<span class=\"_ _0\"></span>ith cash \ue617ow hedg<span class=\"_ _0\"></span>es are expected to occur<span class=\"_ _2\"></span> and impact the pro\ue615t or<span class=\"_ _2\"></span> loss with the fair<span class=\"_ _0\"></span> value of the r<span class=\"_ _0\"></span>elated hedging ins<span class=\"_ _0\"></span>truments.\ue61f\ue61e\ue61f\ue61dExpected cash \ue613owsF<span class=\"_ _2\"></span>air \ue61a months \ue61a-\ue61d\ue61f More than MILLION EURO<span class=\"_ _299\"> </span><span class=\"ffc ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>value\ue61d-\ue618 yearsor lessmonths\ue618 yearsDerivative \ue615nancial instruments designated as cash \ue613ow hedges\ue614Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _15d\"> </span>(\ue61d)<span class=\"_ _1bc\"> </span>(\ue61d\ue617)<span class=\"_ _1bc\"> </span>(\ue61d\ue617)<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c9\"> </span>-<span class=\"_ _d0\"> </span>\ue61d\ue618<span class=\"_ _23e\"> </span>\ue61d\ue618<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _17d\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2a1\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-2022Expected cash \ue613owsFair 3 months 3-12 More than MILLION EURO<span class=\"_ _2ca\"> </span><span class=\"ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>value1-5 yearsor lessmonths5 yearsDerivative \ue615nancial instruments designated as cash \ue613ow hedges\ue614Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _15d\"> </span>(\ue61d)<span class=\"_ _1bc\"> </span>(\ue61d\ue619)<span class=\"_ _1bc\"> </span>(\ue61d\ue619)<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c9\"> </span>-<span class=\"_ _d0\"> </span>\ue61d\ue617<span class=\"_ _23e\"> </span>\ue61d\ue617<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _17d\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2a1\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _d1\"> </span>CAPIT<span class=\"_ _2\"></span>AL MANAGEMENT\ue618e Executive Man<span class=\"_ _0\"></span>agement seeks to maintain a b<span class=\"_ _0\"></span>alance between the components of the shar<span class=\"_ _0\"></span>eholders<span class=\"_ _0\"></span>\u2019 equity and the net \ue615nancial debt at an agr<span class=\"_ _0\"></span>eed level.<span class=\"_ _0\"></span> Net \ue615nancial debt is de\ue615ned as curr<span class=\"_ _0\"></span>ent and non-current loans and borr<span class=\"_ _0\"></span>owings and le<span class=\"_ _0\"></span>ase lia<span class=\"ls1 ws1\">-</span>bilities less cash and cash equiv<span class=\"_ _0\"></span>alents. <span class=\"_ _2\"></span>\ue618ere were no chang<span class=\"_ _0\"></span>es in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s approach to capital manag<span class=\"_ _0\"></span>ement during the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.\ue618e Group is not subject to an<span class=\"_ _0\"></span>y externally imposed capital r<span class=\"_ _0\"></span>equirements,<span class=\"_ _0\"></span> with the ex<span class=\"_ _0\"></span>ception of the statutory minimum equity funding requir<span class=\"_ _0\"></span>ements that apply to its subsidiaries in the di\ue614er<span class=\"_ _0\"></span>ent countries.In March 20<span class=\"_ _0\"></span>21, the Group announced a sh<span class=\"_ _0\"></span>are buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am with a volume of 50 million Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> Within the fr<span class=\"_ _2\"></span>amework of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am, Agfa-Gev<span class=\"_ _2\"></span>aert NV proceeded w<span class=\"_ _0\"></span>ith the purchase of own shar<span class=\"_ _0\"></span>es on the market of Eur<span class=\"_ _0\"></span>onext Brus<span class=\"ws1\">-</span>sels. <span class=\"_ _2\"></span>\ue618e authorization to acquire own sh<span class=\"_ _0\"></span>ares w<span class=\"_ _0\"></span>as granted to the Bo<span class=\"_ _0\"></span>ard of Directors b<span class=\"_ _0\"></span>y the Extr<span class=\"_ _0\"></span>aordinary Gener<span class=\"_ _0\"></span>al Meeting of Shareholders of May 12,<span class=\"_ _2\"></span> 2020.Agfa-Gev<span class=\"_ _2\"></span>aert NV has requested a \ue615nancial interme<span class=\"_ _0\"></span>diary to repurchase <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert shares f<span class=\"_ _0\"></span>or a maximum amount of 50,<span class=\"_ _2\"></span>000,000 Euro on its be<span class=\"_ _0\"></span>half under the terms of an initial discretion<span class=\"_ _0\"></span>ary mandate agreement w<span class=\"_ _0\"></span>ith v<span class=\"_ _0\"></span>alidity until March 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> e\ue614ective as from April 1, 2<span class=\"_ _0\"></span>021. On Mar<span class=\"_ _0\"></span>ch 8, 20<span class=\"_ _0\"></span>22, the Bo<span class=\"_ _0\"></span>ard of Directors decided to e<span class=\"_ _0\"></span>xtend the \u2018<span class=\"_ _2\"></span>2021 Share Buyb<span class=\"_ _0\"></span>ack Progr<span class=\"_ _0\"></span>am<span class=\"_ _2\"></span>\u2019 through Mar<span class=\"_ _0\"></span>ch 31, 20<span class=\"_ _0\"></span>23 (the <span class=\"_ _0\"></span>\u2018Extended Share Bu<span class=\"_ _0\"></span>yback P<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>am 2021<span class=\"_ _2\"></span>\u2019). Since the beginning of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am until June 9th, 2022,<span class=\"_ _0\"></span> based on the tr<span class=\"_ _0\"></span>ansaction date<span class=\"_ _2\"></span>, the Agfa-Gev<span class=\"_ _2\"></span>aert Group bought 12,9<span class=\"_ _0\"></span>30,66<span class=\"_ _2\"></span>2 own shares for<span class=\"_ _0\"></span> a total amount of 49,999,99<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.30 Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> representing 7<span class=\"_ _2\"></span>.71% of the total outstandin<span class=\"_ _0\"></span>g shares on April 1,<span class=\"_ _2\"></span> 2021. W<span class=\"_ _0\"></span>ith this announcement, <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert NV has completed its sh<span class=\"_ _0\"></span>are buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am that had started on April 1,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> In the \ue615rst half-ye<span class=\"_ _0\"></span>ar of 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has purchased 5,<span class=\"_ _0\"></span>618,125 own shar<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> an amount of 21 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618ese shares w<span class=\"_ _0\"></span>ere cancelled in the course of the \ue615rst half-y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> of 2022.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 31, 2022,<span class=\"_ _0\"></span> the issued capital of the Group amounted to 187 million Eur<span class=\"_ _0\"></span>o represented b<span class=\"_ _0\"></span>y 154,8<span class=\"_ _0\"></span>20,528 fully p<span class=\"_ _0\"></span>aid shares.<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31 ,20<span class=\"_ _2\"></span>22, the Group does not hold any o<span class=\"_ _0\"></span>wn shares.<span class=\"_ _59\"> </span>ACCOUNTING CLASSIFICA<span class=\"_ _0\"></span>TION AND F<span class=\"_ _0\"></span>AIR V<span class=\"_ _2\"></span>ALUESF<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue is the price that would be receive<span class=\"_ _0\"></span>d to sell an asset or p<span class=\"_ _0\"></span>aid to transf<span class=\"_ _0\"></span>er a liabilit<span class=\"_ _0\"></span>y in an orderly tr<span class=\"_ _2\"></span>ansaction between market p<span class=\"_ _0\"></span>articipants at the meas<span class=\"_ _0\"></span>urement date<span class=\"_ _2\"></span>.All deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e recognize<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position.\ue618e Group aggrega<span class=\"_ _0\"></span>tes its \ue615nancial instruments into classes b<span class=\"_ _0\"></span>ased on their<span class=\"_ _0\"></span> nature and char<span class=\"_ _2\"></span>acteristics. <span class=\"_ _0\"></span>\ue618e following ta<span class=\"_ _0\"></span>ble shows the carrying amounts and f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alues of \ue615nancial assets and liabilities by categ<span class=\"_ _0\"></span>ory and a reconciliation of the corres<span class=\"ws1\">-</span>ponding line items in the statement of \ue615nancial position.<span class=\"_ _0\"></span> It does not include fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue information for<span class=\"_ _0\"></span> \ue615nancial assets and liabilities not meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value if the carrying amount is a re<span class=\"_ _0\"></span>asonable appro<span class=\"_ _0\"></span>ximation of fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.<span class=\"_ _0\"></span> During 20<span class=\"_ _0\"></span>22 and 2021 ther<span class=\"_ _0\"></span>e have been no r<span class=\"_ _0\"></span>eclassi\ue615cations of \ue615nancial assets bet<span class=\"_ _0\"></span>ween categories.\ue618e other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables classi\ue615ed as mand<span class=\"_ _0\"></span>atorily at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t or loss in the f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value hier<span class=\"_ _2\"></span>archy 2 (202<span class=\"_ _0\"></span>2: 2 million Euro<span class=\"_ _2\"></span>, 2021: 2 million Eur<span class=\"_ _0\"></span>o) rela<span class=\"_ _0\"></span>te to a deposit of 3.4 ton silver pla<span class=\"_ _0\"></span>ced by a metal r<span class=\"_ _0\"></span>ecovery and re\ue615ning comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value (<span class=\"_ _0\"></span>observable m<span class=\"_ _0\"></span>arket price<span class=\"_ _0\"></span>). 2021Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _2cb\"> </span>\ue61a\ue61e<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue619<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _185\"> </span>\ue61d\ue61e<span class=\"_ _a0\"> </span>\ue61d\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2b3\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61d\ue61b<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61a\ue61d\ue61b\ue610(a)Receivables under \ue614nance lease<span class=\"_ _1de\"> </span>\ue61a\ue61d<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61d\ue61e\ue61e\ue610(a)Other receivables\ue610<span class=\"_ _247\"> </span>\ue61a\ue61a<span class=\"_ _243\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue616Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2cd\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Swap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Other swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _8f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dCash and cash equivalents\ue610<span class=\"_ _a7\"> </span>\ue61a\ue616<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _a0\"> </span>-<span class=\"_ _232\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _99\"> </span>\ue61a\ue61b\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _2cf\"> </span><span class=\"ws1\">-<span class=\"_ _88\"> </span>1<span class=\"_ _8f\"> </span>-<span class=\"_ _aa\"> </span>7<span class=\"_ _9d\"> </span>825<span class=\"_ _26d\"> </span>-<span class=\"_ _232\"> </span>832<span class=\"_ _234\"> </span>-</span>LiabilitiesLoans and borrowings\ue610 (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _89\"> </span>(\ue61d)Bank overdrafts<span class=\"_ _242\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _208\"> </span>-Other bank liabilities<span class=\"_ _145\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _aa\"> </span>\ue61a<span class=\"_ _1c5\"> </span>\ue61a\ue610(c)Lease liabilities<span class=\"_ _35\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue619\ue61e<span class=\"_ _2e\"> </span>\ue619\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _2cf\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue618\ue61f<span class=\"_ _243\"> </span>\ue61f\ue618\ue61f\ue610(a)Other payables<span class=\"_ _191\"> </span>\ue616\ue61e<span class=\"_ _234\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue619<span class=\"_ _2b8\"> </span>\ue61bDerivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2d0\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dOther swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-TOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _2d2\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>331<span class=\"_ _232\"> </span>335<span class=\"_ _234\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs are included in the initial me<span class=\"_ _0\"></span>asurement of the \ue615nancial liability (1 million E<span class=\"_ _0\"></span>uro).(c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>.2022Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _245\"> </span>\ue61a\ue61e<span class=\"_ _c5\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _50\"> </span>\ue618\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2c\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _23e\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61a\ue61e\ue61e-\ue610(a)Receivables under \ue614nance lease<span class=\"_ _153\"> </span>\ue61a\ue61d<span class=\"_ _25c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61e\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61d\ue61e\ue61a-\ue610(a)Other receivables\ue610<span class=\"_ _2d3\"> </span>\ue61a\ue61a<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _50\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _265\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Swap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dOther swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue61fCash and cash equivalents\ue610<span class=\"_ _1b9\"> </span>\ue61a\ue616<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _22c\"> </span><span class=\"ws1\">-<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>4<span class=\"_ _9d\"> </span>547<span class=\"_ _203\"> </span>555<span class=\"_ _a0\"> </span>-</span>LiabilitiesLoans and borrowings\ue610<span class=\"_ _148\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>- (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-Bank overdrafts<span class=\"_ _25d\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other bank liabilities<span class=\"_ _28f\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _50\"> </span>\ue616\ue610(c)Lease liabilities<span class=\"_ _154\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _238\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue617\ue61f<span class=\"_ _a3\"> </span>\ue617\ue61f-\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _22c\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue616\ue61b<span class=\"_ _159\"> </span>\ue61f\ue616\ue61b-\ue610(a)Other payables<span class=\"_ _2d6\"> </span>\ue616\ue61e<span class=\"_ _2f\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _1d9\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _1f7\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>318<span class=\"_ _9d\"> </span>322<span class=\"_ _26d\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs of the revolving cr<span class=\"_ _0\"></span>edit facility ar<span class=\"_ _0\"></span>e included in the initial measur<span class=\"_ _0\"></span>ement of the \ue615nancial liability (1 million Eur<span class=\"_ _0\"></span>o). (c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>. 25.<span class=\"_ _2\"></span>1 Basis for determining fair valuesSigni\ue615cant methods and assumptions used in estima<span class=\"_ _0\"></span>ting the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alues of \ue615nancial instruments are as follo<span class=\"_ _0\"></span>ws.\ue618e fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>of investments in equity<span class=\"_ _0\"></span> securities is determined by r<span class=\"_ _0\"></span>eference to their<span class=\"_ _0\"></span> quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contracts and s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ap contracts is v<span class=\"_ _2\"></span>alued using quoted forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and yield curve data at reportin<span class=\"_ _0\"></span>g date<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _2\"></span>ade and other receiv<span class=\"_ _0\"></span>ables and tra<span class=\"_ _0\"></span>de and other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables is not disclosed as it mainly re<span class=\"_ _0\"></span>lates to short-term receiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _2\"></span>ables for which their<span class=\"_ _2\"></span> carr<span class=\"_ _22\"></span>ying amount is a re<span class=\"_ _2\"></span>asonable approximation of fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of \ue615nanci<span class=\"_ _0\"></span>al liabilities is calculated b<span class=\"_ _0\"></span>ased on the present v<span class=\"_ _2\"></span>alue of future principal and interest cash \ue617ow<span class=\"_ _0\"></span>s, discounted at mark<span class=\"_ _0\"></span>et rates of interes<span class=\"_ _0\"></span>t at the reporting da<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e fair<span class=\"_ _0\"></span> value of the debentur<span class=\"_ _0\"></span>e is the quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent bank liabilities appr<span class=\"_ _0\"></span>oximates nominal amounts e<span class=\"_ _0\"></span>xcluding tr<span class=\"_ _0\"></span>ansaction costs,<span class=\"_ _0\"></span> as draw<span class=\"_ _2\"></span>downs are made for<span class=\"_ _2\"></span> short periods.\ue618e fair<span class=\"_ _0\"></span> value of the deferr<span class=\"_ _0\"></span>ed contingent consider<span class=\"_ _2\"></span>ation from business combinations is calculated using a discounte<span class=\"_ _0\"></span>d cash \ue617ow model.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e v<span class=\"_ _0\"></span>aluation model considers the present v<span class=\"_ _2\"></span>alue of the expected future pay<span class=\"_ _0\"></span>ments, discounted using a risk<span class=\"_ _2\"></span>-<span class=\"ws1\"> </span>adjusted discount r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Signi\ue615cant observ<span class=\"_ _0\"></span>able inputs are the expected cash \ue617o<span class=\"_ _0\"></span>ws and the risk<span class=\"_ _2\"></span>-adjusted discount rate<span class=\"_ _2\"></span>. \ue618e estimated f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue would increase (<span class=\"_ _0\"></span>decrease<span class=\"_ _2\"></span>) if<span class=\"_ _22\"></span> the expected perform<span class=\"_ _0\"></span>ances are higher<span class=\"_ _0\"></span> (lower).ITEMS OF INCOME,<span class=\"_ _0\"></span> EXPENSE, GAINS <span class=\"_ _2\"></span>AND LOSSES ON FINANCIAL INSTRUMENTSRECOGNIZED IN PROFIT OR LOSS2021Financial assets at <span class=\"_ _b3\"></span> Financial liabilities carried Financial liabilities  MILLION EURODerivativesTOT<span class=\"_ _0\"></span>ALamortized costat amortized costat fair valueInterest income<span class=\"_ _28a\"> </span>\ue618<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue618Interest expense<span class=\"_ _247\"> </span>-<span class=\"_ _28\"> </span>(\ue61d)<span class=\"_ _1df\"> </span>(\ue617)<span class=\"_ _2d7\"> </span>-<span class=\"_ _208\"> </span>(\ue619)Finance lease income<span class=\"_ _209\"> </span>\ue619<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue619Impairment charges<span class=\"_ _2d9\"> </span>(\ue617)<span class=\"_ _236\"> </span>-<span class=\"_ _fb\"> </span>-<span class=\"_ _150\"> </span>-<span class=\"_ _2b\"> </span>(\ue617)Income from reversal of impairment losses<span class=\"_ _b2\"> </span>\ue616<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue616Change in fair value of \ue614nancial instruments -<span class=\"_ _c3\"> </span>\ue61d<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue61dnot part of a hedging relationshipNet result from ine\ue615ectiveness of hedging  -<span class=\"_ _236\"> </span>-<span class=\"_ _fb\"> </span>-<span class=\"_ _150\"> </span>-<span class=\"_ _d5\"> </span>-instruments designated as cash \ue613ow hedges2022Financial assets at Financial liabilities carried Financial liabilities  MILLION EURODerivativesTOT<span class=\"_ _0\"></span>ALamortized costat amortized costat fair valueInterest income<span class=\"_ _28a\"> </span>\ue618<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue618Interest expense<span class=\"_ _247\"> </span>-<span class=\"_ _28\"> </span>(\ue616)<span class=\"_ _1df\"> </span>(\ue619)<span class=\"_ _2d7\"> </span>-<span class=\"_ _25c\"> </span>(\ue61d\ue61d)Finance lease income<span class=\"_ _209\"> </span>\ue619<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue619Impairment charges<span class=\"_ _2d9\"> </span>(\ue618)<span class=\"_ _236\"> </span>-<span class=\"_ _fb\"> </span>-<span class=\"_ _150\"> </span>-<span class=\"_ _2b\"> </span>(\ue618)Income from reversal of impairment losses<span class=\"_ _b2\"> </span>\ue616<span class=\"_ _236\"> </span>-<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2d8\"> </span>\ue616Change in fair value of \ue614nancial instruments -<span class=\"_ _2da\"> </span>(\ue61c)<span class=\"_ _2af\"> </span>-<span class=\"_ _2d7\"> </span>-<span class=\"_ _2db\"> </span>(\ue61c)not part of a hedging relationshipNet result from ine\ue615ectiveness of hedging  -<span class=\"_ _236\"> </span>-<span class=\"_ _fb\"> </span>-<span class=\"_ _150\"> </span>-<span class=\"_ _d5\"> </span>-instruments designated as cash \ue613ow hedges",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__41": {
   "value": ".<span class=\"_ _0\"></span> MARKET RISK21.<span class=\"_ _2\"></span>1 F<span class=\"_ _0\"></span>oreign currency riskFor<span class=\"_ _0\"></span>eign currency risk is the risk<span class=\"_ _0\"></span> that the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash \ue617ows of a \ue615nancial ins<span class=\"_ _0\"></span>trument will \ue617uctuate due to ch<span class=\"_ _0\"></span>an<span class=\"ws1\">-</span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e foreign currency risk<span class=\"_ _0\"></span> management dis<span class=\"_ _0\"></span>tinguishes between thr<span class=\"_ _0\"></span>ee types of foreign currency risk: foreign currency tr<span class=\"_ _2\"></span>ansaction risk, foreign currency tr<span class=\"_ _2\"></span>anslation risk and foreign currency economic risk.\ue618e Group incurs foreign curr<span class=\"_ _0\"></span>ency transaction risk<span class=\"_ _0\"></span> on accounts receiv<span class=\"_ _2\"></span>able, accounts p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able and other<span class=\"_ _0\"></span> monetary items that are denomina<span class=\"_ _0\"></span>ted in a currency other<span class=\"_ _0\"></span> than the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s functional curr<span class=\"_ _0\"></span>ency<span class=\"_ _2\"></span>. F<span class=\"_ _0\"></span>oreign currency tr<span class=\"_ _0\"></span>ansaction risk in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s operations also arises fr<span class=\"_ _0\"></span>om the v<span class=\"_ _0\"></span>ariability of cash \ue617ows in r<span class=\"_ _0\"></span>espect of forecasted tr<span class=\"_ _2\"></span>ansactions.For<span class=\"_ _0\"></span>eign operations <span class=\"_ _0\"></span>which do not hav<span class=\"_ _0\"></span>e the Euro as their<span class=\"_ _0\"></span> functional currency giv<span class=\"_ _0\"></span>e rise to a transla<span class=\"_ _0\"></span>tion risk.\ue618e foreign currency economic risk<span class=\"_ _0\"></span> is the risk that futur<span class=\"_ _0\"></span>e cash \ue617ows and e<span class=\"_ _0\"></span>arnings gener<span class=\"_ _0\"></span>ated by f<span class=\"_ _0\"></span>oreign oper<span class=\"_ _0\"></span>ations may v<span class=\"_ _2\"></span>ary<span class=\"_ _0\"></span>. For<span class=\"_ _0\"></span>eign currency economic risk is hig<span class=\"_ _0\"></span>hly connected with other<span class=\"_ _2\"></span> factors such as the foreign oper<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>\u2019 competitive position within an industry<span class=\"_ _2\"></span>, or<span class=\"_ _0\"></span> its rela<span class=\"_ _0\"></span>tionship with customers and suppliers.In monitoring the foreign curr<span class=\"_ _0\"></span>ency risk exposur<span class=\"_ _0\"></span>es, the centr<span class=\"_ _0\"></span>al treas<span class=\"_ _0\"></span>ury department focuses on the transa<span class=\"_ _0\"></span>ction and trans<span class=\"ws1\">-</span>lation risk e<span class=\"_ _0\"></span>xposures, <span class=\"_ _0\"></span>where<span class=\"_ _0\"></span>as business management seek<span class=\"_ _0\"></span>s to manage the for<span class=\"_ _0\"></span>eign economic risk throug<span class=\"_ _0\"></span>h natural he<span class=\"_ _0\"></span>dges.Each of the above t<span class=\"_ _0\"></span>ypes of foreign currency risk<span class=\"_ _0\"></span> exposure imp<span class=\"_ _0\"></span>acts the \ue615nancial statements di\ue614<span class=\"_ _0\"></span>erently<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e following signi<span class=\"ws1\">-</span>\ue615cant exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes have been applie<span class=\"_ _0\"></span>d:Y<span class=\"_ _2\"></span>early average rate<span class=\"_ _a4\"> </span>Y<span class=\"_ _2\"></span>ear-end closing rate \ue61f\ue61e\ue61f\ue61d<span class=\"_ _c4\"> </span><span class=\"ffc\">2022<span class=\"_ _c4\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _c4\"> </span><span class=\"ffc\">2022</span>EUR/USD\ue61d.\ue61d\ue61c\ue61a\ue616\ue618\ue617<span class=\"_ _286\"> </span>\ue61d.\ue61e\ue618\ue61a\ue61c\ue61b\ue61b<span class=\"_ _eb\"> </span>\ue61d.\ue61d\ue61a\ue61f\ue617<span class=\"_ _eb\"> </span>\ue61d.\ue61e\ue617\ue617\ue617EUR/GBP<span class=\"_ _287\"> </span>\ue61e.\ue61c\ue617\ue61e\ue61e\ue61f<span class=\"_ _286\"> </span>\ue61e.\ue61c\ue618\ue61f\ue617\ue61f\ue61f<span class=\"_ _174\"> </span>\ue61e.\ue61c\ue616\ue61e\ue61f\ue61c<span class=\"_ _212\"> </span>\ue61e.\ue61c\ue61c\ue617\ue61b\ue61aEUR/RMB<span class=\"_ _264\"> </span>\ue619.\ue617\ue61a\ue61a\ue618\ue619\ue616<span class=\"_ _286\"> </span>\ue619.\ue61e\ue61c\ue61e\ue61f\ue61f\ue61d<span class=\"_ _eb\"> </span>\ue619.\ue61d\ue61b\ue616\ue619<span class=\"_ _eb\"> </span>\ue619.\ue61a\ue618\ue61c\ue61fEUR/CAD<span class=\"_ _244\"> </span>\ue61d.\ue616\ue61c\ue61a\ue616\ue61c\ue61b<span class=\"_ _286\"> </span>\ue61d.\ue61a\ue619\ue61e\ue61a\ue618\ue617<span class=\"_ _eb\"> </span>\ue61d.\ue616\ue61a\ue61b\ue61a<span class=\"_ _1a9\"> </span>\ue61d.\ue616\ue616\ue616EUR/AUD<span class=\"_ _288\"> </span>\ue61d.\ue618\ue619\ue616\ue61c\ue61f\ue617<span class=\"_ _286\"> </span>\ue61d.\ue618\ue61d\ue619\ue61a\ue617\ue61d<span class=\"_ _eb\"> </span>\ue61d.\ue618\ue617\ue61d\ue618<span class=\"_ _eb\"> </span>\ue61d.\ue618\ue617\ue61b\ue61aEUR/INR<span class=\"_ _289\"> </span>\ue61c\ue619.\ue616\ue619\ue61b\ue619\ue619\ue61c<span class=\"_ _1a6\"> </span>\ue61c\ue61f.\ue619\ue61d\ue61a\ue61c\ue61e\ue61c<span class=\"_ _174\"> </span>\ue61c\ue616.\ue61f\ue61f\ue61b\ue61f<span class=\"_ _eb\"> </span>\ue61c\ue61c.\ue61d\ue619\ue61dEUR/HKD<span class=\"_ _28a\"> </span>\ue61b.\ue61d\ue61b\ue61c\ue61f\ue61c<span class=\"_ _286\"> </span>\ue61c.\ue61f\ue618\ue61d\ue616\ue61e\ue61b<span class=\"_ _eb\"> </span>\ue61c.\ue61c\ue61a\ue61a\ue61a<span class=\"_ _eb\"> </span>\ue61c.\ue61a\ue61d\ue617\ue61a\ue618e central tr<span class=\"_ _0\"></span>easury department monitors and m<span class=\"_ _0\"></span>anages foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e from the view <span class=\"_ _0\"></span>of its impact on either the statement of \ue615nancial position or<span class=\"_ _0\"></span> pro\ue615t or<span class=\"_ _0\"></span> loss.21.<span class=\"_ _2\"></span>1.1. F<span class=\"_ _2\"></span>oreign currency transaction risk in the statement of \ue61fnancial position\ue618e currencies that primarily<span class=\"_ _0\"></span> impact the net foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e on the statement of \ue615nancial position are as follo<span class=\"_ _0\"></span>ws:Net exposure Hedgingof receivables Cash, cash equivalents  Derivative \ue614nancial  Net positionMILLION FOREIGN CURRENCYand payablesloans &amp; depositsinstrumentsDecember 31, 2021USD<span class=\"_ _28b\"> </span>\ue616\ue616.\ue61e<span class=\"_ _24b\"> </span>\ue619.\ue61d<span class=\"_ _90\"> </span>(\ue616\ue61c.\ue619)<span class=\"_ _c3\"> </span>\ue61f.\ue616RMB<span class=\"_ _245\"> </span>\ue61d\ue61b\ue61e.\ue61b<span class=\"_ _ef\"> </span>(\ue61d\ue61c\ue617.\ue616)<span class=\"_ _1c4\"> </span>-<span class=\"_ _c3\"> </span>\ue616.\ue618GBP<span class=\"_ _28c\"> </span>\ue619.\ue616<span class=\"_ _28d\"> </span>(\ue617.\ue617)<span class=\"_ _3e\"> </span>-<span class=\"_ _c3\"> </span>\ue61e.\ue61cCAD<span class=\"_ _28e\"> </span>(\ue61d.\ue61c)<span class=\"_ _24b\"> </span>\ue61e.\ue619<span class=\"_ _bf\"> </span>-<span class=\"_ _c1\"> </span>(\ue61d.\ue61d)AUD<span class=\"_ _26a\"> </span>\ue617.\ue61f<span class=\"_ _28d\"> </span>(\ue616.\ue61c)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61d.\ue616INR<span class=\"_ _28f\"> </span>\ue61f\ue617\ue61a.\ue61b<span class=\"_ _3e\"> </span>-<span class=\"_ _290\"> </span>(\ue61a\ue617\ue618.\ue61e)<span class=\"_ _23e\"> </span>(\ue61d\ue61e\ue61d.\ue61d)HKD<span class=\"_ _26a\"> </span>\ue61a.\ue61f<span class=\"_ _a9\"> </span>(\ue61f.\ue618)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61e.\ue61cDecember 31, 2022USD<span class=\"_ _28b\"> </span>\ue61f\ue61c.\ue619<span class=\"_ _291\"> </span>\ue61f\ue617.\ue617<span class=\"_ _90\"> </span>(\ue616\ue61c.\ue619)<span class=\"_ _c3\"> </span>\ue617.\ue617RMB<span class=\"_ _245\"> </span>\ue61d\ue618\ue616.\ue61e<span class=\"_ _ef\"> </span>(\ue61d\ue616\ue61a.\ue61d)<span class=\"_ _1c4\"> </span>-<span class=\"_ _33\"> </span>\ue61d\ue61e.\ue61bGBP<span class=\"_ _28c\"> </span>\ue61b.\ue618<span class=\"_ _90\"> </span>(\ue61d\ue61a.\ue61f)<span class=\"_ _3e\"> </span>-<span class=\"_ _c1\"> </span>(\ue61a.\ue619)CAD<span class=\"_ _28e\"> </span>(\ue616.\ue61b)<span class=\"_ _24b\"> </span>\ue61f.\ue619<span class=\"_ _bf\"> </span>-<span class=\"_ _c1\"> </span>(\ue61f.\ue61f)AUD<span class=\"_ _26a\"> </span>\ue61f.\ue617<span class=\"_ _28d\"> </span>(\ue61d.\ue616)<span class=\"_ _3e\"> </span>-<span class=\"_ _d5\"> </span>\ue61d.\ue61fINR<span class=\"_ _28f\"> </span>\ue619\ue617\ue61c.\ue618<span class=\"_ _3e\"> </span>-<span class=\"_ _c8\"> </span>(\ue61b\ue61b\ue61a)<span class=\"_ _23e\"> </span>(\ue61f\ue61f\ue616.\ue618)HKD<span class=\"_ _26a\"> </span>\ue617.\ue61d<span class=\"_ _a9\"> </span>(\ue617.\ue61d)<span class=\"_ _3e\"> </span>-<span class=\"_ _163\"> </span>-\ue618e Group uses cash, cash equiv<span class=\"_ _2\"></span>alents, loans and deposits held in a for<span class=\"_ _0\"></span>eign currency as natur<span class=\"_ _2\"></span>al hedges of the net exposure of receiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _2\"></span>ables held in these respective currencies.\ue618e aim of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management regar<span class=\"_ _2\"></span>ding transaction exposur<span class=\"_ _0\"></span>e in the statement of \ue615nancial position is to minimize<span class=\"_ _2\"></span>, over<span class=\"_ _2\"></span> the short term, the revalu<span class=\"_ _0\"></span>ation results \u2013 both re<span class=\"_ _2\"></span>alized and unrealize<span class=\"_ _0\"></span>d \u2013 of items in the statement of \ue615nancial position that are denomina<span class=\"_ _0\"></span>ted in a currency other<span class=\"_ _0\"></span> than the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s functional curr<span class=\"_ _0\"></span>ency<span class=\"_ _2\"></span>.In order<span class=\"_ _0\"></span> to keep the expos<span class=\"_ _0\"></span>ures within pr<span class=\"_ _0\"></span>ede\ue615ned risk adjus<span class=\"_ _0\"></span>ted limits, the centr<span class=\"_ _0\"></span>al tre<span class=\"_ _0\"></span>asury department economically hedges the net outstanding monetary items in the statement of \ue615nancial position in f<span class=\"_ _0\"></span>oreign currency using deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments such as forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts. As of December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, the outstanding deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments are mainly forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contracts w<span class=\"_ _0\"></span>ith maturities of gener<span class=\"_ _0\"></span>ally less than one y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>.Where deriv<span class=\"_ _0\"></span>ative \ue615nanci<span class=\"_ _0\"></span>al instruments are used to economically <span class=\"_ _0\"></span>hedge the foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e exposure of r<span class=\"_ _0\"></span>ecognized mo<span class=\"ws1\">-</span>netary assets or lia<span class=\"_ _0\"></span>bilities, no hedge a<span class=\"_ _0\"></span>ccounting is applied. Ch<span class=\"_ _0\"></span>anges in the fair<span class=\"_ _2\"></span> value of these deriva<span class=\"_ _0\"></span>tive \ue615nancial instru<span class=\"ws1\">-</span>ments are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss.21.<span class=\"_ _2\"></span>1.2 Foreign currency translation risk in the statement of \ue61fnancial positionWhen the functional currency of the entity th<span class=\"_ _0\"></span>at holds the inves<span class=\"_ _0\"></span>tment is di\ue614erent from the f<span class=\"_ _0\"></span>unctional currency of the rela<span class=\"ws1\">-</span>ted subsidiary<span class=\"_ _2\"></span>, the curr<span class=\"_ _0\"></span>ency \ue617uctuations on the net inv<span class=\"_ _0\"></span>estment directly a\ue614ect other<span class=\"_ _2\"></span> comprehensive income (\u2018T<span class=\"_ _2\"></span>ranslation reserve<span class=\"_ _0\"></span>\u2019) unless any he<span class=\"_ _0\"></span>dging mechanism exists.All subsidiaries hav<span class=\"_ _0\"></span>e as functional currency the curr<span class=\"_ _0\"></span>ency of the country in which they opera<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e currencies giving rise to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s translation risk<span class=\"_ _0\"></span> in the statement of \ue615nancial position ar<span class=\"_ _0\"></span>e primarily the US Dollar<span class=\"_ _2\"></span>, Chinese Renminbi,<span class=\"_ _0\"></span> Brazilian Real,<span class=\"_ _0\"></span> Mexican P<span class=\"_ _2\"></span>eso, A<span class=\"_ _0\"></span>ustralian Doll<span class=\"_ _0\"></span>ar and British P<span class=\"_ _2\"></span>ound.Net investment in a foreign entityMILLION FOREIGN CURRENCYDecember \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61d<span class=\"_ _b2\"> </span><span class=\"ffc\">December 31, 2022</span>USD<span class=\"_ _292\"> </span>\ue61f\ue61a\ue61f<span class=\"_ _251\"> </span>\ue61d\ue61c\ue616RMB<span class=\"_ _293\"> </span>\ue618\ue619\ue61c<span class=\"_ _251\"> </span>\ue618\ue61b\ue617BRL<span class=\"_ _14c\"> </span>\ue61b\ue61f<span class=\"_ _1e5\"> </span>\ue617\ue61fAUD<span class=\"_ _294\"> </span>\ue616\ue61e<span class=\"_ _1e5\"> </span>\ue61d\ue619MXN<span class=\"_ _81\"> </span>\ue61f\ue61a\ue616<span class=\"_ _251\"> </span>\ue61f\ue61d\ue61bGBP<span class=\"_ _295\"> </span>(\ue619\ue619)<span class=\"_ _1e5\"> </span>\ue61d\ue616\ue618e central tr<span class=\"_ _0\"></span>easury department monitors the tr<span class=\"_ _2\"></span>anslation exposure in the statement of \ue615nanci<span class=\"_ _0\"></span>al position of the Group at least on a quarterly<span class=\"_ _0\"></span> basis. <span class=\"_ _2\"></span>\ue618e T<span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>asury Committee proposes correctiv<span class=\"_ _0\"></span>e actions if needed to the Executiv<span class=\"_ _0\"></span>e Management.21.<span class=\"_ _2\"></span>1.3 Foreign currency risk in pro\ue61ft or lossFor<span class=\"_ _0\"></span>eign currency risk in pr<span class=\"_ _0\"></span>o\ue615t or loss includes both <span class=\"_ _0\"></span>the risk of the v<span class=\"_ _0\"></span>ariability of cash \ue617ow<span class=\"_ _0\"></span>s in respect of forecaste<span class=\"_ _0\"></span>d transactions as a result of chang<span class=\"_ _0\"></span>es in exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and the risk that the pr<span class=\"_ _0\"></span>o\ue615t (loss) for<span class=\"_ _0\"></span> the ye<span class=\"_ _0\"></span>ar g<span class=\"_ _0\"></span>enerate<span class=\"_ _0\"></span>d by foreign oper<span class=\"_ _2\"></span>ations may v<span class=\"_ _0\"></span>ary in amount when tr<span class=\"_ _0\"></span>anslated into the presentation curr<span class=\"_ _0\"></span>ency (Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618e central treas<span class=\"_ _0\"></span>ury department monitors and manages both risks simultaneously<span class=\"_ _2\"></span>.\ue618e currencies that primarily<span class=\"_ _0\"></span> impact the net foreign curr<span class=\"_ _0\"></span>ency exposur<span class=\"_ _0\"></span>e in pro\ue615t or los<span class=\"_ _0\"></span>s are US Dollar<span class=\"_ _2\"></span>, Chinese Renminbi,<span class=\"_ _0\"></span> Ca<span class=\"ls1 ws1\">-</span>nadian Dollar<span class=\"_ _2\"></span>, P<span class=\"_ _2\"></span>ound Sterling, A<span class=\"_ _0\"></span>ustr<span class=\"_ _0\"></span>alian Dollar<span class=\"_ _2\"></span>, Kore<span class=\"_ _0\"></span>an W<span class=\"_ _2\"></span>on, Indian Rupees,<span class=\"_ _0\"></span> Japanese <span class=\"_ _0\"></span>Y<span class=\"_ _2\"></span>en and Swiss Fr<span class=\"_ _0\"></span>anc.\ue618e Executive Man<span class=\"_ _0\"></span>agement decides on the hedging policy of aforementione<span class=\"_ _0\"></span>d currency exposur<span class=\"_ _0\"></span>es considering the market situation and upon proposal of the <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>asury Committee.<span class=\"_ _2\"></span> \ue618e objective of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management of e<span class=\"_ _0\"></span>xposure in pro\ue615t or<span class=\"_ _0\"></span> loss is mainly to incre<span class=\"_ _2\"></span>ase the predictability of results but also to allow<span class=\"_ _0\"></span> the business to rea<span class=\"_ _0\"></span>ct to the changing env<span class=\"_ _0\"></span>ironment (e<span class=\"_ _2\"></span>.g. by adaptin<span class=\"_ _0\"></span>g prices or shifting pr<span class=\"_ _0\"></span>oduction).\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge its curr<span class=\"_ _0\"></span>ency risk rel<span class=\"_ _0\"></span>ated to a forecas<span class=\"_ _0\"></span>ted exposure<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618ese forwar<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup designates only the spot element of forw<span class=\"_ _0\"></span>ard for<span class=\"_ _0\"></span>eign exchan<span class=\"_ _0\"></span>ge con<span class=\"ls1 ws1\">-</span>tracts to he<span class=\"_ _0\"></span>dge its foreign curr<span class=\"_ _0\"></span>ency risk and applies a hedge r<span class=\"_ _2\"></span>atio of 1:1. \ue618e forw<span class=\"_ _2\"></span>ard element of forward e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e contracts is excluded fr<span class=\"_ _0\"></span>om the designation of the hedging instrument and is sep<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tely accounted for<span class=\"_ _2\"></span> in \ue615nancial result. <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s policy is to align the critical terms of the forwar<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts with the hedge<span class=\"_ _0\"></span>d item. <span class=\"_ _2\"></span>\ue618e existence of an economic rela<span class=\"ls1 ws1\">-</span>tionship between the hedg<span class=\"_ _0\"></span>ed item and the hedging instrument is b<span class=\"_ _0\"></span>ased on the currency<span class=\"_ _2\"></span>, amount,<span class=\"_ _0\"></span> and timing of the respective cash \ue617ows.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup assesses whether<span class=\"_ _2\"></span> the derivative designate<span class=\"_ _0\"></span>d in the hedging rel<span class=\"_ _0\"></span>ationship is expected to be and has been e\ue614ective in o\ue614setting chan<span class=\"_ _0\"></span>ges in cash \ue617ows usin<span class=\"_ _0\"></span>g the hypothetical deriv<span class=\"_ _2\"></span>ative method. V<span class=\"_ _2\"></span>ery little ine\ue614ectiveness is e<span class=\"_ _0\"></span>xpected from these cash \ue617ow he<span class=\"_ _0\"></span>dges. In these r<span class=\"_ _0\"></span>elationships,<span class=\"_ _0\"></span> the main sources of ine\ue614ectiveness ar<span class=\"_ _0\"></span>e the counterparty risk<span class=\"_ _0\"></span> and the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s own credit risk<span class=\"_ _0\"></span> on the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the forward e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e contracts <span class=\"_ _0\"></span>which is not re\ue617ected in the fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>. Also ch<span class=\"_ _0\"></span>anges in the timing of the hedged tr<span class=\"_ _2\"></span>ansactions can cause hedge ine\ue614ectiveness.In the course of 2022,<span class=\"_ _0\"></span> the Group designated f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts as \u2018<span class=\"_ _2\"></span>cash \ue617ow hedg<span class=\"_ _0\"></span>es\u2019<span class=\"_ _0\"></span> of its foreign currency e<span class=\"_ _0\"></span>xposure in US Dollar r<span class=\"_ _0\"></span>elated to highly<span class=\"_ _0\"></span> probable f<span class=\"_ _0\"></span>orecasted rev<span class=\"_ _0\"></span>enue over<span class=\"_ _2\"></span> the following 12 months.\ue618e portion of the gain on the forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contr<span class=\"_ _0\"></span>acts that is determined to be an e\ue614ectiv<span class=\"_ _0\"></span>e hedge is recogniz<span class=\"_ _0\"></span>ed directly in \u2018Other<span class=\"_ _0\"></span> comprehensive income<span class=\"_ _2\"></span>\u2019 (December 31,<span class=\"_ _0\"></span> 2022: -<span class=\"_ _0\"></span>2 million Euro net of tax; December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21: -2 million Eur<span class=\"_ _0\"></span>o net of tax).During 202<span class=\"_ _0\"></span>2, losses amounting to 5 million E<span class=\"_ _0\"></span>uro hav<span class=\"_ _0\"></span>e been recognized in <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _1\"></span>\u2019 <span class=\"_ _0\"></span>An amount of 5 million Euro has been r<span class=\"_ _0\"></span>eclassi\ue615ed from <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income\u2019<span class=\"_ _0\"></span> and has been deducted fr<span class=\"_ _0\"></span>om \u2018T<span class=\"_ _2\"></span>urnover\u2019<span class=\"_ _b3\"></span>. During 2021, losses amounting to 3 million Eur<span class=\"_ _0\"></span>o have been r<span class=\"_ _0\"></span>ecognized in <span class=\"_ _0\"></span>\u2018Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> An amount of 1 million Euro has been reclassi\ue615ed fr<span class=\"_ _0\"></span>om \u2018<span class=\"_ _0\"></span>Other compre<span class=\"_ _0\"></span>hensive income<span class=\"_ _0\"></span>\u2019 and has been included in <span class=\"_ _2\"></span>\u2018T<span class=\"_ _0\"></span>urnover\u2019<span class=\"_ _b3\"></span>. T<span class=\"_ _1\"></span>axes amounting to 1 million Euro have been de<span class=\"_ _0\"></span>ducted from \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>\u2019A reconcilia<span class=\"_ _0\"></span>tion in tabular f<span class=\"_ _0\"></span>ormat is pro<span class=\"_ _0\"></span>vided in Note 21.4 <span class=\"_ _0\"></span>\u2018Summarizing table of cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>\u2019\ue618e followin<span class=\"_ _0\"></span>g table summarizes the e\ue614ect of the cash \ue617o<span class=\"_ _0\"></span>w hedges r<span class=\"_ _0\"></span>elated to currency risk<span class=\"_ _0\"></span> on the \ue615nancial statements:2022During the period - 2022Carrying amountMILLION EURODerivative  Other Forward ex<span class=\"_ _0\"></span>change contracts  \ue61d\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _296\"> </span>(\ue61d.\ue61e)\ue614nancial  (\ue618)<span class=\"_ _cb\"> </span>-\ue614nance \ue618<span class=\"_ _cb\"> </span>-<span class=\"_ _71\"> </span>Revenuedesignated as cash \ue613ow hedgesinstrumentsexpense\ue61f\ue61e\ue61f\ue61dDuring the period - \ue61f\ue61e\ue61f\ue61dCarrying amountMILLION EURODerivative  Other Forward ex<span class=\"_ _0\"></span>change contracts  \ue61d\ue618<span class=\"_ _26d\"> </span>-<span class=\"_ _296\"> </span>(\ue61d.\ue61e)\ue614nancial  (\ue61a)<span class=\"_ _cb\"> </span>-\ue614nance (\ue61d)<span class=\"_ _cb\"> </span>-<span class=\"_ _71\"> </span>Revenuedesignated as cash \ue613ow hedgesinstrumentsexpenseCash<span class=\"_ _22\"></span> flow<span class=\"_ _22\"></span> hedge<span class=\"_ _22\"></span>s hed<span class=\"_ _22\"></span>gin<span class=\"_ _22\"></span>g its<span class=\"_ _22\"></span> expo<span class=\"_ _22\"></span>sure i<span class=\"_ _22\"></span>n foreign currency <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing maturities:Maturity20221-3 months<span class=\"_ _af\"> </span>3-12 months<span class=\"_ _186\"> </span>More than 1 yearForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedgesNominal amounts net in millions of foreign currency<span class=\"_ _1bf\"> </span>USD<span class=\"_ _18c\"> </span>\ue61d\ue61c<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Average EUR:USD forward contract rate<span class=\"_ _297\"> </span>\ue61d.\ue61d\ue61f\ue619\ue619\ue61e<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Maturity\ue61f\ue61e\ue61f\ue61d\ue61d-\ue61a months<span class=\"_ _af\"> </span>\ue61a-\ue61d\ue61f months<span class=\"_ _cc\"> </span>More than \ue61d yearForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedgesNominal amounts net in millions of foreign currency<span class=\"_ _1bf\"> </span>USD<span class=\"_ _18c\"> </span>\ue61d\ue61c<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Average EUR:USD forward contract rate<span class=\"_ _297\"> </span>\ue61d.\ue61f\ue61a\ue61f\ue616\ue61a<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-21.<span class=\"_ _2\"></span>1.4 Sensitivity analysis foreign currency riskA stren<span class=\"_ _0\"></span>gthening<span class=\"_ _22\"></span>/we<span class=\"_ _2\"></span>akening of the Euro by 1<span class=\"_ _0\"></span>0% against the currencies listed her<span class=\"_ _0\"></span>eafter<span class=\"_ _2\"></span> with all other v<span class=\"_ _2\"></span>ariables held constant, would hav<span class=\"_ _0\"></span>e increase<span class=\"_ _0\"></span>d (decre<span class=\"_ _0\"></span>ased) pro\ue615t or<span class=\"_ _0\"></span> loss by the amounts sho<span class=\"_ _0\"></span>wn below<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e analysis has been carried out on the budgeted net expos<span class=\"_ _0\"></span>ure by curr<span class=\"_ _0\"></span>ency for the <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> 2022, net of the use of cash \ue617ow hedg<span class=\"_ _0\"></span>es.Pro\ue614t and loss\ue61f\ue61e\ue61f\ue61d<span class=\"_ _298\"> </span><span class=\"ffc\">2022</span>Strengthening of the W<span class=\"_ _0\"></span>eakening of the  Strengthening of the W<span class=\"_ _0\"></span>eakening of the  MILLION EUROEuro by \ue61d\ue61e%Euro by \ue61d\ue61e%Euro by 10%Euro by 10%USD<span class=\"_ _299\"> </span>\ue61f.\ue61e<span class=\"_ _23f\"> </span>(\ue61f.\ue61e)<span class=\"_ _12c\"> </span>\ue618.\ue618<span class=\"_ _23f\"> </span>(\ue618.\ue618)RMB<span class=\"_ _1d4\"> </span>(\ue616.\ue617)<span class=\"_ _12c\"> </span>\ue616.\ue617<span class=\"_ _bc\"> </span>(\ue61f.\ue61f)<span class=\"_ _217\"> </span>\ue61f.\ue61fCAD<span class=\"_ _299\"> </span>\ue61e.\ue61a<span class=\"_ _bc\"> </span>(\ue61e.\ue61a)<span class=\"_ _23f\"> </span>(\ue61e.\ue616)<span class=\"_ _217\"> </span>\ue61e.\ue616GBP<span class=\"_ _29a\"> </span>(\ue61a.\ue61f)<span class=\"_ _217\"> </span>\ue61a.\ue61f<span class=\"_ _bc\"> </span>(\ue616.\ue61d)<span class=\"_ _217\"> </span>\ue616.\ue61dAUD<span class=\"_ _29b\"> </span>(\ue61d.\ue617)<span class=\"_ _217\"> </span>\ue61d.\ue617<span class=\"_ _bc\"> </span>(\ue61d.\ue61b)<span class=\"_ _217\"> </span>\ue61d.\ue61bINR<span class=\"_ _29c\"> </span>(\ue61a.\ue61f)<span class=\"_ _217\"> </span>\ue61a.\ue61f<span class=\"_ _bc\"> </span>(\ue61a.\ue616)<span class=\"_ _217\"> </span>\ue61a.\ue616KRW<span class=\"_ _15d\"> </span><span class=\"ls1 ws1\">(\ue61d.\ue61b)<span class=\"_ _217\"> </span>\ue61d.\ue61b<span class=\"_ _bc\"> </span>(\ue61f.\ue61e)<span class=\"_ _217\"> </span>\ue61f.\ue61e</span>CHF<span class=\"_ _29d\"> </span>(\ue61d.\ue61d)<span class=\"_ _217\"> </span>\ue61d.\ue61d<span class=\"_ _bc\"> </span>(\ue61d.\ue61d)<span class=\"_ _217\"> </span>\ue61d.\ue61dJPY<span class=\"_ _29e\"> </span>(\ue61f.\ue61c)<span class=\"_ _217\"> </span>\ue61f.\ue61c<span class=\"_ _bc\"> </span>(\ue61a.\ue618)<span class=\"_ _217\"> </span>\ue61a.\ue618With r<span class=\"_ _0\"></span>egard to cash \ue617ow<span class=\"_ _0\"></span> hedges,<span class=\"_ _0\"></span> a strengthening<span class=\"_ _22\"></span>/<span class=\"_ _0\"></span>weak<span class=\"_ _2\"></span>ening of the Euro by 10% against the US Dollar<span class=\"_ _2\"></span> would have an impact to <span class=\"_ _0\"></span>\u2018Other C<span class=\"_ _0\"></span>omprehensive income<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> net of tax of 1.5 million/(1.5) million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is analysis assumes that all other vari<span class=\"_ _0\"></span>ables, in particul<span class=\"_ _0\"></span>ar inter<span class=\"_ _0\"></span>est rates,<span class=\"_ _2\"></span> remain constant and ignores any imp<span class=\"_ _0\"></span>act of forecasted sales.<span class=\"_ _2\"></span>  21.2 Interest rate riskInterest r<span class=\"_ _0\"></span>ate risk is the risk th<span class=\"_ _0\"></span>at the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash \ue617ows of a \ue615nancial instr<span class=\"_ _0\"></span>ument will \ue617uctuate due to chan<span class=\"_ _0\"></span>ges in market inter<span class=\"_ _0\"></span>est rates.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to chan<span class=\"_ _0\"></span>ges in interest r<span class=\"_ _2\"></span>ates primarily relates to the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net \ue615nancial de<span class=\"_ _0\"></span>bt position, including the FX<span class=\"_ _0\"></span>-sw<span class=\"_ _2\"></span>aps and its interest component that economically hedge inter<span class=\"_ _0\"></span>company lo<span class=\"_ _0\"></span>ans and deposits. F<span class=\"_ _2\"></span>or the most im<span class=\"ls1 ws1\">-</span>portant currencies the follow<span class=\"_ _0\"></span>ing interest r<span class=\"_ _2\"></span>ate pro\ue615le exists at the reporting d<span class=\"_ _0\"></span>ate:Pro\ue614t and loss\ue61f\ue61e\ue61f\ue61d<span class=\"_ _298\"> </span><span class=\"ffc\">2022</span>Outstanding amount<span class=\"_ _29f\"> </span>Outstanding amount<span class=\"_ _29f\"> </span><span class=\"ffc\">Outstanding amount<span class=\"_ _29f\"> </span>Outstanding amount</span>MILLION EUROAt \ue613oating rate<span class=\"_ _233\"> </span>At \ue614xed rate<span class=\"_ _233\"> </span><span class=\"ffc\">At \ue613oating rate<span class=\"_ _233\"> </span>At \ue615xed rate</span>EUR<span class=\"_ _226\"> </span>(\ue61f\ue618\ue61e)<span class=\"_ _2a0\"> </span>-<span class=\"_ _217\"> </span>(\ue616)<span class=\"_ _177\"> </span>-USD<span class=\"_ _197\"> </span>(\ue61a\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _d4\"> </span>(\ue61d\ue616)<span class=\"_ _2a0\"> </span>-GBP<span class=\"_ _65\"> </span>\ue61d<span class=\"_ _166\"> </span>-<span class=\"_ _d4\"> </span>(\ue61f\ue616)<span class=\"_ _2a0\"> </span>-RMB<span class=\"_ _29d\"> </span>(\ue61d\ue617)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12a\"> </span>(\ue61a\ue616)<span class=\"_ _177\"> </span>-AUD<span class=\"_ _29a\"> </span>(\ue61f\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue619)<span class=\"_ _2a0\"> </span>-JPY<span class=\"_ _2a1\"> </span>\ue61d\ue61a<span class=\"_ _2a0\"> </span>-<span class=\"_ _195\"> </span>\ue61d\ue61d<span class=\"_ _177\"> </span>-BRL<span class=\"_ _2a2\"> </span>\ue61d\ue618<span class=\"_ _2a0\"> </span>-<span class=\"_ _195\"> </span>\ue61d\ue617<span class=\"_ _177\"> </span>-CAD<span class=\"_ _2a3\"> </span>(\ue61d\ue61a)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12a\"> </span>(\ue61f\ue61f)<span class=\"_ _2a0\"> </span>-HKD<span class=\"_ _29e\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-PLN<span class=\"_ _299\"> </span>(\ue618)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue616)<span class=\"_ _2a0\"> </span>-KRW<span class=\"_ _2a4\"> </span><span class=\"ls1 ws1\">(\ue616)<span class=\"_ _2a0\"> </span>-<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _2a0\"> </span>-</span>ZAR<span class=\"_ _2a5\"> </span>(\ue61c)<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue61d)<span class=\"_ _2a0\"> </span>-INR<span class=\"_ _1b3\"> </span>(\ue61d\ue61f)<span class=\"_ _166\"> </span>-<span class=\"_ _12c\"> </span>(\ue616)<span class=\"_ _2a0\"> </span>-Other<span class=\"_ _194\"> </span>\ue61d\ue61c<span class=\"_ _2a0\"> </span>-<span class=\"_ _13f\"> </span>\ue61f\ue61d<span class=\"_ _2a0\"> </span>-TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2a6\"> </span><span class=\"ls1 ws1\">(325)<span class=\"_ _2a0\"> </span>-<span class=\"_ _14e\"> </span>(72)<span class=\"_ _2a0\"> </span>-</span>NET FINANCIAL DEBT<span class=\"_ _258\"> </span>(325)<span class=\"_ _2a7\"> </span>(72)21.2.<span class=\"_ _2\"></span>1 Sensitivity analysis interest rate riskA chang<span class=\"_ _0\"></span>e of 100 basis points in interest r<span class=\"_ _2\"></span>ates at December 31, 20<span class=\"_ _2\"></span>22 would have incr<span class=\"_ _0\"></span>eased (decr<span class=\"_ _0\"></span>eased) pr<span class=\"_ _0\"></span>o\ue615t or loss b<span class=\"_ _0\"></span>y the amounts shown belo<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618is analysis assumes that all other <span class=\"_ _0\"></span>varia<span class=\"_ _0\"></span>bles, in particular<span class=\"_ _2\"></span> foreign currency ra<span class=\"_ _0\"></span>tes, remain cons<span class=\"_ _0\"></span>tant.\ue618e analysis is performed on the same b<span class=\"_ _0\"></span>asis for 20<span class=\"_ _2\"></span>21.Pro\ue614t and loss\ue61d\ue61e\ue61e bp increase<span class=\"_ _df\"> </span>\ue61d\ue61e\ue61e bp decreaseDecember 31, 2021Net impact<span class=\"_ _10a\"> </span>\ue61a.\ue61a\ue61e<span class=\"_ _b0\"> </span>(\ue61a.\ue61a\ue61e)December 31, 2022Net impact<span class=\"_ _10a\"> </span>\ue61e.\ue619\ue61f<span class=\"_ _b0\"> </span>(\ue61e,\ue619\ue61f)21.3 Commodity price risk\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s most important ra<span class=\"_ _0\"></span>w material e<span class=\"_ _0\"></span>xposures rel<span class=\"_ _0\"></span>ate to silver<span class=\"_ _0\"></span> and aluminum. <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s commodity price risk<span class=\"_ _0\"></span> \u2013 i.e<span class=\"_ _2\"></span>. the risk that its futur<span class=\"_ _0\"></span>e cash \ue617ows and e<span class=\"_ _0\"></span>arnings may <span class=\"_ _0\"></span>vary because of chang<span class=\"_ _0\"></span>ed material prices \u2013 is highly<span class=\"_ _0\"></span> connected with other<span class=\"_ _2\"></span> factors such as the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s competitive position within an industry<span class=\"_ _2\"></span>, its re<span class=\"_ _0\"></span>lationship with cus<span class=\"_ _0\"></span>tomers and suppliers.In the past,<span class=\"_ _0\"></span> the Group applied for<span class=\"_ _0\"></span> the purchase of aluminum,<span class=\"_ _0\"></span> a strategy of pur<span class=\"_ _0\"></span>chasing at spot r<span class=\"_ _0\"></span>ates, combined <span class=\"_ _0\"></span>with a sys<span class=\"_ _0\"></span>tem of \"Rolling lay<span class=\"_ _0\"></span>ered forw<span class=\"_ _0\"></span>ard buy<span class=\"_ _0\"></span>ing\"<span class=\"_ _1\"></span>, in order<span class=\"_ _2\"></span> to prevent negative e\ue614ects fr<span class=\"_ _0\"></span>om potential future price rises or<span class=\"_ _0\"></span> price vola<span class=\"_ _0\"></span>tility of aluminum. <span class=\"_ _2\"></span>\ue618e amount of<span class=\"_ _22\"></span> forwar<span class=\"_ _0\"></span>d buying w<span class=\"_ _2\"></span>as de\ue615ned based on the metal volume for<span class=\"_ _2\"></span> customer contra<span class=\"_ _0\"></span>cts without alu<span class=\"ws1\">-</span>minum clauses. In 2<span class=\"_ _0\"></span>022,<span class=\"_ _0\"></span> almost all contra<span class=\"_ _0\"></span>cts contain quarterly price adjustment clauses,<span class=\"_ _2\"></span> a.o.<span class=\"_ _0\"></span> for aluminum,<span class=\"_ _0\"></span> eliminating the need for<span class=\"_ _0\"></span> forwar<span class=\"_ _0\"></span>d buying<span class=\"_ _0\"></span>. Hence the s<span class=\"_ _0\"></span>ystem of forwar<span class=\"_ _0\"></span>d buying is not use<span class=\"_ _0\"></span>d anymore<span class=\"_ _2\"></span>. As from 20<span class=\"_ _0\"></span>22, the Group no lon<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span> concludes metal sw<span class=\"_ _0\"></span>ap agreements with b<span class=\"_ _0\"></span>anks.<span class=\"_ _0\"></span>  At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> there are no outs<span class=\"_ _0\"></span>tanding metal sw<span class=\"_ _2\"></span>ap agreements. During 2021,<span class=\"_ _2\"></span> gains amounting to 7 mil<span class=\"ws1\">-</span>lion Euro ha<span class=\"_ _0\"></span>ve been recogniz<span class=\"_ _0\"></span>ed in \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. An amount of 13 million E<span class=\"_ _0\"></span>uro has been recl<span class=\"_ _0\"></span>assi\ue615ed from \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019 and has been de<span class=\"_ _0\"></span>ducted in \u2018In<span class=\"_ _0\"></span>ventory\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>axes amounting to 1 million E<span class=\"_ _0\"></span>uro hav<span class=\"_ _0\"></span>e been included in \u2018<span class=\"_ _0\"></span>Other compre<span class=\"_ _0\"></span>hensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.A reconcilia<span class=\"_ _0\"></span>tion in tabular f<span class=\"_ _0\"></span>ormat is pro<span class=\"_ _0\"></span>vided in Note 21.4 <span class=\"_ _0\"></span>\u2018Summarizing table of cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table summarizes the e\ue614ect of the cash \ue617o<span class=\"_ _0\"></span>w hedges r<span class=\"_ _0\"></span>elated to commodity risk<span class=\"_ _0\"></span> on the \ue615nancial statements:2022<span class=\"_ _245\"> </span>During the period - 2022Carrying amountAssets<span class=\"_ _71\"> </span>LiabilitiesMILLION EUROMetal swap agreements<span class=\"_ _38\"> </span>-<span class=\"_ _29\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue61f\ue61e\ue61f\ue61d<span class=\"_ _245\"> </span>During the period - \ue61f\ue61e\ue61f\ue61dCarrying amountAssets<span class=\"_ _71\"> </span>LiabilitiesMILLION EURODerivative Metal swap agreements<span class=\"_ _ae\"> </span>-<span class=\"_ _1a2\"> </span>-\ue614nancial \ue619<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _232\"> </span>(\ue61d\ue61a)<span class=\"_ _259\"> </span>-instruments21.3.<span class=\"_ _2\"></span>1 Sensitivity analysis commo<span class=\"_ _22\"></span>dity price riskFor<span class=\"_ _2\"></span> 2022, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of silver<span class=\"_ _0\"></span> is around 8<span class=\"_ _0\"></span>2 tons (2021: 89 tons).<span class=\"_ _2\"></span> For ev<span class=\"_ _0\"></span>ery US Dollar/<span class=\"_ _2\"></span>troy change in the silver<span class=\"_ _0\"></span> price,<span class=\"_ _0\"></span> the impact on the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s consolidated pro\ue615t or los<span class=\"_ _0\"></span>s statement is estimate<span class=\"_ _0\"></span>d at 2.6 million US Dollar<span class=\"_ _0\"></span> on a ye<span class=\"_ _0\"></span>arly basis (20<span class=\"_ _0\"></span>21: 2.8 million US Dollar).<span class=\"_ _0\"></span> \ue618e an<span class=\"_ _0\"></span>alysis has been carried out on the actual e<span class=\"_ _0\"></span>xposed volume f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 2022.<span class=\"_ _2\"></span> \ue618e aforementioned Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of silver<span class=\"_ _0\"></span> disregar<span class=\"_ _0\"></span>ds the ability to partly<span class=\"_ _0\"></span> charge its customers <span class=\"_ _0\"></span>without existing silver<span class=\"_ _0\"></span> clauses on the v<span class=\"_ _0\"></span>ariability of the silv<span class=\"_ _0\"></span>er price<span class=\"_ _2\"></span>. For<span class=\"_ _2\"></span> 2022, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of aluminum is around 77 kilotons (20<span class=\"_ _2\"></span>21: 72 kilotons). F<span class=\"_ _2\"></span>or every 100 US Dollar/<span class=\"_ _2\"></span>ton change in the E<span class=\"_ _0\"></span>uropean aluminium metal price (LME<span class=\"_ _0\"></span>), the impa<span class=\"_ _0\"></span>ct on the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s aluminum spending is estimated at 3.4 million Euro on a y<span class=\"_ _0\"></span>early b<span class=\"_ _0\"></span>asis (2021: 3 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> every 500 Chinese Y<span class=\"_ _2\"></span>uan/<span class=\"_ _0\"></span>ton change in the Chinese alu metal price (SHME &amp; CNAL),<span class=\"_ _2\"></span> the impact on the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s aluminum spending is estimated at 2.1 million Eur<span class=\"_ _0\"></span>o on a ye<span class=\"_ _0\"></span>arly basis (20<span class=\"_ _0\"></span>21: 1.8 million Euro<span class=\"_ _0\"></span>). Both analyses ha<span class=\"_ _0\"></span>ve been carried out on the budg<span class=\"_ _0\"></span>eted exposed v<span class=\"_ _0\"></span>olume for the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 converted a<span class=\"_ _0\"></span>t the budgeted r<span class=\"_ _0\"></span>ate of respectively<span class=\"_ _0\"></span> the US Dollar and Chinese <span class=\"_ _2\"></span>Yuan to E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>.\ue618e aforementioned Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposed tonnage of aluminum disregar<span class=\"_ _0\"></span>ds both the ability to p<span class=\"_ _0\"></span>artly charge its customers on the v<span class=\"_ _0\"></span>ariability of the aluminum metal price<span class=\"_ _0\"></span>, as w<span class=\"_ _0\"></span>ell as any he<span class=\"_ _0\"></span>dging done.<span class=\"_ _2\"></span> By year<span class=\"_ _0\"></span>-end 2021 the O\ue614set Solutions division h<span class=\"_ _0\"></span>ad updated a majorit<span class=\"_ _0\"></span>y of its contracts for<span class=\"_ _2\"></span> printing plates with quarterly price adjus<span class=\"_ _0\"></span>tment clauses, hence r<span class=\"_ _0\"></span>educing dr<span class=\"_ _0\"></span>astically the exposure to aluminum.21.4 Summarizing table of cash \ue60bow hedge reserve: currency risk and commodity risk\ue618e followin<span class=\"_ _0\"></span>g table prov<span class=\"_ _0\"></span>ides a summary of the e\ue614ect in accumulated other<span class=\"_ _2\"></span> comprehensive income of cash \ue617ow hedges b<span class=\"_ _0\"></span>y type of risk:Cash \ue613ow hedges related to TOT<span class=\"_ _0\"></span>ALCurrency risk<span class=\"_ _ae\"> </span>Commodity riskOther comprehensive income at January 1, 2021<span class=\"_ _1dd\"> </span>2<span class=\"_ _f8\"> </span>4<span class=\"_ _f8\"> </span>7E\ue615ective portion of changes in fair value booked in 'Other comprehensive income'<span class=\"_ _2a8\"> </span>(\ue61a)<span class=\"_ _f8\"> </span>\ue619<span class=\"_ _f8\"> </span>\ue616Changes in fair value of cash \ue613ow hedges reclassi\ue614ed to turnover<span class=\"_ _145\"> </span>(\ue61d)<span class=\"_ _b2\"> </span>-<span class=\"_ _18c\"> </span>(\ue61d)Adjustments for amounts transferred to initial carrying amount of inventory <span class=\"_ _bf\"> </span>-<span class=\"_ _147\"> </span>(\ue61d\ue61a)<span class=\"_ _147\"> </span>(\ue61d\ue61a)Income taxes<span class=\"_ _1e4\"> </span>\ue61d<span class=\"_ _14b\"> </span>\ue61d<span class=\"_ _f8\"> </span>\ue61fOther comprehensive income at December 31, 2021<span class=\"_ _1b8\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)Other comprehensive income at January 1, 2022<span class=\"_ _2a9\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)E\ue615ective portion of changes in fair value booked in 'Other comprehensive income'<span class=\"_ _2a8\"> </span>(\ue618)<span class=\"_ _b2\"> </span>-<span class=\"_ _18c\"> </span>(\ue618)Changes in fair value of cash \ue613ow hedges reclassi\ue614ed to turnover<span class=\"_ _264\"> </span>\ue618<span class=\"_ _241\"> </span>-<span class=\"_ _f8\"> </span>\ue618Adjustments for amounts transferred to initial carrying amount of inventory<span class=\"_ _251\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _b2\"> </span>-Income taxes<span class=\"_ _2aa\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _241\"> </span>-Other comprehensive income at December 31, 2022<span class=\"_ _1b8\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)\ue618ere are no b<span class=\"_ _0\"></span>alances in hedge reserve r<span class=\"_ _0\"></span>elated to he<span class=\"_ _0\"></span>dge rela<span class=\"_ _0\"></span>tionships for w<span class=\"_ _0\"></span>hich hedge accounting is no lon<span class=\"_ _0\"></span>ger applie<span class=\"_ _0\"></span>d.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__42-1": {
   "value": "\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge its curr<span class=\"_ _0\"></span>ency risk rel<span class=\"_ _0\"></span>ated to a forecas<span class=\"_ _0\"></span>ted exposure<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618ese forwar<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup designates only the spot element of forw<span class=\"_ _0\"></span>ard for<span class=\"_ _0\"></span>eign exchan<span class=\"_ _0\"></span>ge con<span class=\"ls1 ws1\">-</span>tracts to he<span class=\"_ _0\"></span>dge its foreign curr<span class=\"_ _0\"></span>ency risk and applies a hedge r<span class=\"_ _2\"></span>atio of 1:1. \ue618e forw<span class=\"_ _2\"></span>ard element of forward e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e contracts is excluded fr<span class=\"_ _0\"></span>om the designation of the hedging instrument and is sep<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tely accounted for<span class=\"_ _2\"></span> in \ue615nancial result. <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s policy is to align the critical terms of the forwar<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts with the hedge<span class=\"_ _0\"></span>d item. <span class=\"_ _2\"></span>\ue618e existence of an economic rela<span class=\"ls1 ws1\">-</span>tionship between the hedg<span class=\"_ _0\"></span>ed item and the hedging instrument is b<span class=\"_ _0\"></span>ased on the currency<span class=\"_ _2\"></span>, amount,<span class=\"_ _0\"></span> and timing of the respective cash \ue617ows.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup assesses whether<span class=\"_ _2\"></span> the derivative designate<span class=\"_ _0\"></span>d in the hedging rel<span class=\"_ _0\"></span>ationship is expected to be and has been e\ue614ective in o\ue614setting chan<span class=\"_ _0\"></span>ges in cash \ue617ows usin<span class=\"_ _0\"></span>g the hypothetical deriv<span class=\"_ _2\"></span>ative method. V<span class=\"_ _2\"></span>ery little ine\ue614ectiveness is e<span class=\"_ _0\"></span>xpected from these cash \ue617ow he<span class=\"_ _0\"></span>dges. In these r<span class=\"_ _0\"></span>elationships,<span class=\"_ _0\"></span> the main sources of ine\ue614ectiveness ar<span class=\"_ _0\"></span>e the counterparty risk<span class=\"_ _0\"></span> and the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s own credit risk<span class=\"_ _0\"></span> on the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the forward e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e contracts <span class=\"_ _0\"></span>which is not re\ue617ected in the fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>. Also ch<span class=\"_ _0\"></span>anges in the timing of the hedged tr<span class=\"_ _2\"></span>ansactions can cause hedge ine\ue614ectiveness.In the course of 2022,<span class=\"_ _0\"></span> the Group designated f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts as \u2018<span class=\"_ _2\"></span>cash \ue617ow hedg<span class=\"_ _0\"></span>es\u2019<span class=\"_ _0\"></span> of its foreign currency e<span class=\"_ _0\"></span>xposure in US Dollar r<span class=\"_ _0\"></span>elated to highly<span class=\"_ _0\"></span> probable f<span class=\"_ _0\"></span>orecasted rev<span class=\"_ _0\"></span>enue over<span class=\"_ _2\"></span> the following 12 months.\ue618e portion of the gain on the forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contr<span class=\"_ _0\"></span>acts that is determined to be an e\ue614ectiv<span class=\"_ _0\"></span>e hedge is recogniz<span class=\"_ _0\"></span>ed directly in \u2018Other<span class=\"_ _0\"></span> comprehensive income<span class=\"_ _2\"></span>\u2019 (December 31,<span class=\"_ _0\"></span> 2022: -<span class=\"_ _0\"></span>2 million Euro net of tax; December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21: -2 million Eur<span class=\"_ _0\"></span>o net of tax).During 202<span class=\"_ _0\"></span>2, losses amounting to 5 million E<span class=\"_ _0\"></span>uro hav<span class=\"_ _0\"></span>e been recognized in <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _1\"></span>\u2019 <span class=\"_ _0\"></span>An amount of 5 million Euro has been r<span class=\"_ _0\"></span>eclassi\ue615ed from <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income\u2019<span class=\"_ _0\"></span> and has been deducted fr<span class=\"_ _0\"></span>om \u2018T<span class=\"_ _2\"></span>urnover\u2019<span class=\"_ _b3\"></span>. During 2021, losses amounting to 3 million Eur<span class=\"_ _0\"></span>o have been r<span class=\"_ _0\"></span>ecognized in <span class=\"_ _0\"></span>\u2018Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> An amount of 1 million Euro has been reclassi\ue615ed fr<span class=\"_ _0\"></span>om \u2018<span class=\"_ _0\"></span>Other compre<span class=\"_ _0\"></span>hensive income<span class=\"_ _0\"></span>\u2019 and has been included in <span class=\"_ _2\"></span>\u2018T<span class=\"_ _0\"></span>urnover\u2019<span class=\"_ _b3\"></span>. T<span class=\"_ _1\"></span>axes amounting to 1 million Euro have been de<span class=\"_ _0\"></span>ducted from \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>\u2019A reconcilia<span class=\"_ _0\"></span>tion in tabular f<span class=\"_ _0\"></span>ormat is pro<span class=\"_ _0\"></span>vided in Note 21.4 <span class=\"_ _0\"></span>\u2018Summarizing table of cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>\u2019\ue618e followin<span class=\"_ _0\"></span>g table summarizes the e\ue614ect of the cash \ue617o<span class=\"_ _0\"></span>w hedges r<span class=\"_ _0\"></span>elated to currency risk<span class=\"_ _0\"></span> on the \ue615nancial statements:2022During the period - 2022Carrying amountMILLION EURODerivative  Other Forward ex<span class=\"_ _0\"></span>change contracts  \ue61d\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _296\"> </span>(\ue61d.\ue61e)\ue614nancial  (\ue618)<span class=\"_ _cb\"> </span>-\ue614nance \ue618<span class=\"_ _cb\"> </span>-<span class=\"_ _71\"> </span>Revenuedesignated as cash \ue613ow hedgesinstrumentsexpense\ue61f\ue61e\ue61f\ue61dDuring the period - \ue61f\ue61e\ue61f\ue61dCarrying amountMILLION EURODerivative  Other Forward ex<span class=\"_ _0\"></span>change contracts  \ue61d\ue618<span class=\"_ _26d\"> </span>-<span class=\"_ _296\"> </span>(\ue61d.\ue61e)\ue614nancial  (\ue61a)<span class=\"_ _cb\"> </span>-\ue614nance (\ue61d)<span class=\"_ _cb\"> </span>-<span class=\"_ _71\"> </span>Revenuedesignated as cash \ue613ow hedgesinstrumentsexpenseCash<span class=\"_ _22\"></span> flow<span class=\"_ _22\"></span> hedge<span class=\"_ _22\"></span>s hed<span class=\"_ _22\"></span>gin<span class=\"_ _22\"></span>g its<span class=\"_ _22\"></span> expo<span class=\"_ _22\"></span>sure i<span class=\"_ _22\"></span>n foreign currency <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing maturities:Maturity20221-3 months<span class=\"_ _af\"> </span>3-12 months<span class=\"_ _186\"> </span>More than 1 yearForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedgesNominal amounts net in millions of foreign currency<span class=\"_ _1bf\"> </span>USD<span class=\"_ _18c\"> </span>\ue61d\ue61c<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Average EUR:USD forward contract rate<span class=\"_ _297\"> </span>\ue61d.\ue61d\ue61f\ue619\ue619\ue61e<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Maturity\ue61f\ue61e\ue61f\ue61d\ue61d-\ue61a months<span class=\"_ _af\"> </span>\ue61a-\ue61d\ue61f months<span class=\"_ _cc\"> </span>More than \ue61d yearForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedgesNominal amounts net in millions of foreign currency<span class=\"_ _1bf\"> </span>USD<span class=\"_ _18c\"> </span>\ue61d\ue61c<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-Average EUR:USD forward contract rate<span class=\"_ _297\"> </span>\ue61d.\ue61f\ue61a\ue61f\ue616\ue61a<span class=\"_ _23f\"> </span>-<span class=\"_ _23f\"> </span>-As from 20<span class=\"_ _0\"></span>22, the Group no lon<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span> concludes metal sw<span class=\"_ _0\"></span>ap agreements with b<span class=\"_ _0\"></span>anks.<span class=\"_ _0\"></span>  At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> there are no outs<span class=\"_ _0\"></span>tanding metal sw<span class=\"_ _2\"></span>ap agreements. During 2021,<span class=\"_ _2\"></span> gains amounting to 7 mil<span class=\"ws1\">-</span>lion Euro ha<span class=\"_ _0\"></span>ve been recogniz<span class=\"_ _0\"></span>ed in \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. An amount of 13 million E<span class=\"_ _0\"></span>uro has been recl<span class=\"_ _0\"></span>assi\ue615ed from \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019 and has been de<span class=\"_ _0\"></span>ducted in \u2018In<span class=\"_ _0\"></span>ventory\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>axes amounting to 1 million E<span class=\"_ _0\"></span>uro hav<span class=\"_ _0\"></span>e been included in \u2018<span class=\"_ _0\"></span>Other compre<span class=\"_ _0\"></span>hensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.A reconcilia<span class=\"_ _0\"></span>tion in tabular f<span class=\"_ _0\"></span>ormat is pro<span class=\"_ _0\"></span>vided in Note 21.4 <span class=\"_ _0\"></span>\u2018Summarizing table of cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table summarizes the e\ue614ect of the cash \ue617o<span class=\"_ _0\"></span>w hedges r<span class=\"_ _0\"></span>elated to commodity risk<span class=\"_ _0\"></span> on the \ue615nancial statements:2022<span class=\"_ _245\"> </span>During the period - 2022Carrying amountAssets<span class=\"_ _71\"> </span>LiabilitiesMILLION EUROMetal swap agreements<span class=\"_ _38\"> </span>-<span class=\"_ _29\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue61f\ue61e\ue61f\ue61d<span class=\"_ _245\"> </span>During the period - \ue61f\ue61e\ue61f\ue61dCarrying amountAssets<span class=\"_ _71\"> </span>LiabilitiesMILLION EURODerivative Metal swap agreements<span class=\"_ _ae\"> </span>-<span class=\"_ _1a2\"> </span>-\ue614nancial \ue619<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _232\"> </span>(\ue61d\ue61a)<span class=\"_ _259\"> </span>-instruments21.4 Summarizing table of cash \ue60bow hedge reserve: currency risk and commodity risk\ue618e followin<span class=\"_ _0\"></span>g table prov<span class=\"_ _0\"></span>ides a summary of the e\ue614ect in accumulated other<span class=\"_ _2\"></span> comprehensive income of cash \ue617ow hedges b<span class=\"_ _0\"></span>y type of risk:Cash \ue613ow hedges related to TOT<span class=\"_ _0\"></span>ALCurrency risk<span class=\"_ _ae\"> </span>Commodity riskOther comprehensive income at January 1, 2021<span class=\"_ _1dd\"> </span>2<span class=\"_ _f8\"> </span>4<span class=\"_ _f8\"> </span>7E\ue615ective portion of changes in fair value booked in 'Other comprehensive income'<span class=\"_ _2a8\"> </span>(\ue61a)<span class=\"_ _f8\"> </span>\ue619<span class=\"_ _f8\"> </span>\ue616Changes in fair value of cash \ue613ow hedges reclassi\ue614ed to turnover<span class=\"_ _145\"> </span>(\ue61d)<span class=\"_ _b2\"> </span>-<span class=\"_ _18c\"> </span>(\ue61d)Adjustments for amounts transferred to initial carrying amount of inventory <span class=\"_ _bf\"> </span>-<span class=\"_ _147\"> </span>(\ue61d\ue61a)<span class=\"_ _147\"> </span>(\ue61d\ue61a)Income taxes<span class=\"_ _1e4\"> </span>\ue61d<span class=\"_ _14b\"> </span>\ue61d<span class=\"_ _f8\"> </span>\ue61fOther comprehensive income at December 31, 2021<span class=\"_ _1b8\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)Other comprehensive income at January 1, 2022<span class=\"_ _2a9\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)E\ue615ective portion of changes in fair value booked in 'Other comprehensive income'<span class=\"_ _2a8\"> </span>(\ue618)<span class=\"_ _b2\"> </span>-<span class=\"_ _18c\"> </span>(\ue618)Changes in fair value of cash \ue613ow hedges reclassi\ue614ed to turnover<span class=\"_ _264\"> </span>\ue618<span class=\"_ _241\"> </span>-<span class=\"_ _f8\"> </span>\ue618Adjustments for amounts transferred to initial carrying amount of inventory<span class=\"_ _251\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _b2\"> </span>-Income taxes<span class=\"_ _2aa\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _241\"> </span>-Other comprehensive income at December 31, 2022<span class=\"_ _1b8\"> </span>(2)<span class=\"_ _b2\"> </span>-<span class=\"_ _23f\"> </span>(2)\ue618ere are no b<span class=\"_ _0\"></span>alances in hedge reserve r<span class=\"_ _0\"></span>elated to he<span class=\"_ _0\"></span>dge rela<span class=\"_ _0\"></span>tionships for w<span class=\"_ _0\"></span>hich hedge accounting is no lon<span class=\"_ _0\"></span>ger applie<span class=\"_ _0\"></span>d.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3 Revaluation reserve\ue618e rev<span class=\"_ _0\"></span>aluation reserve comprises the r<span class=\"_ _0\"></span>evalu<span class=\"_ _0\"></span>ation of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s investment in Digital Illustr<span class=\"_ _2\"></span>ate Inc. which is irrev<span class=\"_ _0\"></span>ocably designated at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue through OCI and will subsequently not be r<span class=\"_ _0\"></span>ecycled to pro\ue615t or<span class=\"_ _0\"></span> loss.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.4 Hedging reserveAs of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the hedging reserve comprises the e\ue614<span class=\"_ _0\"></span>ective portion of the cumulative net chan<span class=\"_ _0\"></span>ge in fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of foreign ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts designated as cash \ue617ow hedges.In the course of 2022 and 20<span class=\"_ _2\"></span>21, the Group designated for<span class=\"_ _0\"></span>eign exchang<span class=\"_ _0\"></span>e contracts as <span class=\"_ _2\"></span>\u2018cash \ue617o<span class=\"_ _0\"></span>w hedges<span class=\"_ _2\"></span>\u2019 of its foreign curren<span class=\"ws1\">-</span>cy exposure in US Doll<span class=\"_ _0\"></span>ar re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted revenue o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the followin<span class=\"_ _0\"></span>g 12 months. <span class=\"_ _2\"></span>\ue618e portion of<span class=\"_ _22\"></span> the gain on the forwar<span class=\"_ _2\"></span>d exchange contr<span class=\"_ _0\"></span>acts that is determined to be an e\ue614ectiv<span class=\"_ _0\"></span>e hedge is recogniz<span class=\"_ _0\"></span>ed directly in <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> compre<span class=\"ws1\">-</span>hensive income<span class=\"_ _0\"></span>\u2019 (December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22: -2 million E<span class=\"_ _0\"></span>uro net of tax, December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21: - 2 million Euro net of tax).A reconcilia<span class=\"_ _0\"></span>tion of hedge reserve in tabular<span class=\"_ _2\"></span> format for e<span class=\"_ _0\"></span>ach type of risk is pr<span class=\"_ _0\"></span>ovided in N<span class=\"_ _0\"></span>ote 21.4.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.5 Remeasurement of the net de\ue61fned bene\ue61ft liabilityRemeasur<span class=\"_ _0\"></span>ements of the net de\ue615ned bene\ue615t liability comprise both the imp<span class=\"_ _0\"></span>act of the \ue615rst time adoption of the 2011 amend<span class=\"ls1 ws1\">-</span>ment of IAS 19 and all subsequent reme<span class=\"_ _0\"></span>asurements of the net de\ue615ned bene\ue615t liabilities.<span class=\"_ _0\"></span> Remeas<span class=\"_ _0\"></span>urements of the net de\ue615ned bene\ue615t liability primarily<span class=\"_ _0\"></span> relate to actu<span class=\"_ _0\"></span>arial gains and losses and return on pl<span class=\"_ _0\"></span>an assets, ex<span class=\"_ _0\"></span>cluding the amounts included in net interest on the net de\ue615ned bene\ue615t lia<span class=\"_ _0\"></span>bilities.\ue618e evolution for<span class=\"_ _0\"></span> the ye<span class=\"_ _0\"></span>ar 20<span class=\"_ _0\"></span>22 is as follow<span class=\"_ _0\"></span>s:Remeasurement of MILLION EURO<span class=\"_ _2f3\"> </span>December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61dthe net de\ue614ned T<span class=\"_ _2\"></span>ax impact<span class=\"_ _296\"> </span><span class=\"ffc\">December 31, 2022</span>bene\ue614t liabilityNote \ue61d\ue61a<span class=\"_ _2da\"> </span>Note \ue61d\ue619.\ue616Remeasurement of the net de\ue615ned bene\ue615t liabilityRelated to material countries<span class=\"_ _2d3\"> </span>(\ue61d,\ue61e\ue61e\ue617)<span class=\"_ _138\"> </span>\ue61d\ue616\ue618<span class=\"_ _c5\"> </span>(\ue61f\ue61a)<span class=\"_ _39\"> </span>(\ue61c\ue61c\ue61a)Related to non-material countries<span class=\"_ _2f4\"> </span>(\ue61f\ue619)<span class=\"_ _2e8\"> </span>\ue61f<span class=\"_ _236\"> </span>-<span class=\"_ _12b\"> </span>(\ue61f\ue618)TOT<span class=\"_ _0\"></span>AL<span class=\"_ _1b3\"> </span><span class=\"ls1 ws1\">(1,033)<span class=\"_ _1c1\"> </span>148<span class=\"_ _49\"> </span>(23)<span class=\"_ _163\"> </span>(908)</span>\ue618e movement of the y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>, net of tax amounts is an incre<span class=\"_ _0\"></span>ase of 128 million Euro<span class=\"_ _0\"></span>. Deferr<span class=\"_ _0\"></span>ed taxes rel<span class=\"_ _0\"></span>ated to the e\ue614ects of remeas<span class=\"_ _0\"></span>urements are also recogniz<span class=\"_ _0\"></span>ed in \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>\ue618e tax e\ue614ect is further<span class=\"_ _0\"></span> explained in Note 1<span class=\"_ _2\"></span>7.4.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__49": {
   "value": " CREDIT RISKCredit risk is the risk<span class=\"_ _0\"></span> that the counterpart<span class=\"_ _0\"></span>y to a \ue615nancial instrument m<span class=\"_ _0\"></span>ay fail to disch<span class=\"_ _0\"></span>arge an obligation and cause the Group to incur<span class=\"_ _0\"></span> a \ue615nancial loss.\ue618e Group manag<span class=\"_ _0\"></span>es exposure to cr<span class=\"_ _0\"></span>edit risk by<span class=\"_ _0\"></span> working w<span class=\"_ _0\"></span>ith upfront agreed counterp<span class=\"_ _0\"></span>arty credit limits and thr<span class=\"_ _0\"></span>ough diver<span class=\"_ _0\"></span><span class=\"ws1\">-</span>si\ue615cation of counterparties.Credit risk arises m<span class=\"_ _0\"></span>ainly from the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s receiv<span class=\"_ _2\"></span>ables from customers, inv<span class=\"_ _0\"></span>estments and foreign curr<span class=\"_ _0\"></span>ency forwar<span class=\"_ _0\"></span>d contracts.\ue618e exposure to cr<span class=\"_ _0\"></span>edit risk from cus<span class=\"_ _0\"></span>tomer r<span class=\"_ _0\"></span>eceivables is monitor<span class=\"_ _0\"></span>ed on an ongoing b<span class=\"_ _0\"></span>asis by the Cr<span class=\"_ _0\"></span>edit Committee<span class=\"_ _0\"></span>. Credit limits are set for<span class=\"_ _0\"></span> each customer<span class=\"_ _2\"></span> based on its creditworthines<span class=\"_ _0\"></span>s and are review<span class=\"_ _0\"></span>ed periodically by<span class=\"_ _0\"></span> the Credit Committee<span class=\"_ _2\"></span>. In monitoring the credit risk,<span class=\"_ _0\"></span> customers are groupe<span class=\"_ _0\"></span>d in risk categories a<span class=\"_ _0\"></span>ccording to their<span class=\"_ _0\"></span> \ue615nancial char<span class=\"_ _0\"></span>acteristics.<span class=\"_ _0\"></span> It is the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s policy to cover<span class=\"_ _0\"></span> a portion of the receiv<span class=\"_ _0\"></span>ables portfolio through cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance to cover<span class=\"_ _0\"></span> default risk.Goods sold are subject to retention of title cla<span class=\"_ _0\"></span>uses, so that in the ev<span class=\"_ _0\"></span>ent of non-payment,<span class=\"_ _0\"></span> the Group may<span class=\"_ _0\"></span> have a secur<span class=\"_ _0\"></span>ed claim. In normal cir<span class=\"_ _0\"></span>cumstances, the Gr<span class=\"_ _0\"></span>oup does not require colla<span class=\"_ _0\"></span>teral in respect of tr<span class=\"_ _2\"></span>ade or other r<span class=\"_ _0\"></span>eceivables.T<span class=\"_ _2\"></span>ransactions in<span class=\"_ _0\"></span>volving deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments and deposits ar<span class=\"_ _0\"></span>e to be kept within pr<span class=\"_ _0\"></span>ede\ue615ned credit limits set b<span class=\"_ _0\"></span>y counterparty b<span class=\"_ _0\"></span>ased on the Standard &amp; P<span class=\"_ _2\"></span>oor\u2019<span class=\"_ _2\"></span>s rating of the r<span class=\"_ _0\"></span>elated \ue615nancial ins<span class=\"_ _0\"></span>titution. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o minimize the concentration of counterparty risk,<span class=\"_ _0\"></span> the Group enters into deriv<span class=\"_ _0\"></span>ative tr<span class=\"_ _0\"></span>ansactions with a number<span class=\"_ _2\"></span> of \ue615nancial institutions. Inv<span class=\"_ _0\"></span>estments are only allowe<span class=\"_ _0\"></span>d in liquid assets.22.<span class=\"_ _2\"></span>1 Exp<span class=\"_ _22\"></span>osure to credit riskAs a result of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s broa<span class=\"_ _0\"></span>d customer portf<span class=\"_ _0\"></span>olio,<span class=\"_ _0\"></span> there wer<span class=\"_ _0\"></span>e no signi\ue615cant concentrations of cr<span class=\"_ _0\"></span>edit risk at December<span class=\"_ _0\"></span> 31, 2022.<span class=\"_ _2\"></span> \ue618e maximum exposur<span class=\"_ _0\"></span>e is kept w<span class=\"_ _0\"></span>ithin prede\ue615ned limits.\ue618e carrying amounts of the \ue615nancial assets,<span class=\"_ _0\"></span> including deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments, in the statement <span class=\"_ _0\"></span>of \ue615nancial po<span class=\"ws1\">-</span>sition re\ue617ect the maximum expos<span class=\"_ _0\"></span>ure to credit risk.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e maximum exposur<span class=\"_ _0\"></span>e to credit risk at the r<span class=\"_ _0\"></span>eporting date per<span class=\"_ _0\"></span> class of \ue615nancial asset is as follo<span class=\"_ _0\"></span>ws:MILLION EURO\ue610<span class=\"_ _13e\"> </span>Note<span class=\"_ _fa\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _f9\"> </span><span class=\"ffc\">2022</span>Financial assets at fair value through OCI\ue614Equity instruments<span class=\"_ _2ab\"> </span>\ue61a\ue61e.\ue61f<span class=\"_ _fb\"> </span>\ue619<span class=\"_ _13f\"> </span>\ue616Financial assets at fair value through pro\ue615t or lossDerivatives not part of a hedging relationship \u2013 assets<span class=\"_ _289\"> </span>\ue61f\ue618<span class=\"_ _2ac\"> </span>\ue61d<span class=\"_ _b4\"> </span>\ue61aFinancial assets at amortized cost and contract assetsT<span class=\"_ _2\"></span>rade receivables<span class=\"_ _2ad\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _1df\"> </span>\ue61a\ue61d\ue61b<span class=\"_ _bc\"> </span>\ue61a\ue61e\ue61eContract assets<span class=\"_ _a\"> </span>\ue61c.\ue61a<span class=\"_ _25e\"> </span>\ue619\ue617<span class=\"_ _14b\"> </span>\ue61b\ue616Receivables under \ue614nance lease<span class=\"_ _1ea\"> </span>\ue61a\ue61d<span class=\"_ _2ae\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _13c\"> </span>\ue61d\ue61e\ue61aOther receivables<span class=\"_ _13d\"> </span>\ue61a\ue61a<span class=\"_ _2ac\"> </span>\ue616<span class=\"_ _b4\"> </span>\ue617Other investments and loans measured at cost\ue610<span class=\"_ _28c\"> </span>\ue61a\ue61e.\ue61f<span class=\"_ _2af\"> </span>\ue616<span class=\"_ _b4\"> </span>\ue61dCash\ue610<span class=\"_ _210\"> </span>\ue61a\ue616<span class=\"_ _2ae\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _13c\"> </span>\ue61d\ue61a\ue61cTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2b0\"> </span><span class=\"ls1 ws1\">909<span class=\"_ _13c\"> </span>650</span>At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> the exposur<span class=\"_ _0\"></span>e to credit risk for<span class=\"_ _2\"></span> trade receiv<span class=\"_ _2\"></span>ables, contract assets and le<span class=\"_ _0\"></span>ase receiv<span class=\"_ _2\"></span>ables by geogr<span class=\"_ _0\"></span>aphic region w<span class=\"_ _0\"></span>as as follows: \ue61f\ue61e\ue61f\ue61d<span class=\"_ _27\"> </span><span class=\"ffc\">2022</span>MILLION EUROT<span class=\"_ _2\"></span>rade receivables<span class=\"_ _183\"> </span>C<span class=\"_ _0\"></span>ontract assets<span class=\"_ _bd\"> </span>Lease receivables<span class=\"_ _d2\"> </span><span class=\"ffc\">T<span class=\"_ _2\"></span>rade receivables<span class=\"_ _bd\"> </span>Contract assets<span class=\"_ _bd\"> </span>Lease receivables</span>Europe<span class=\"_ _1bf\"> </span>\ue61d\ue61a\ue618<span class=\"_ _c6\"> </span>\ue61f\ue618<span class=\"_ _c6\"> </span>\ue619\ue61a<span class=\"_ _206\"> </span>\ue61d\ue61f\ue617<span class=\"_ _c6\"> </span>\ue61a\ue616<span class=\"_ _c6\"> </span>\ue617\ue619NAFT<span class=\"_ _2\"></span>A<span class=\"_ _2b1\"> </span>\ue616\ue619<span class=\"_ _c6\"> </span>\ue616\ue616<span class=\"_ _c6\"> </span>\ue61f\ue617<span class=\"_ _246\"> </span>\ue616\ue619<span class=\"_ _c6\"> </span>\ue616\ue61b<span class=\"_ _c6\"> </span>\ue61a\ue619Latin America<span class=\"_ _b0\"> </span><span class=\"ws1\">\ue61f\ue619<span class=\"_ _12a\"> </span>\ue617<span class=\"_ _1a6\"> </span>-<span class=\"_ _c6\"> </span>\ue61a\ue61d<span class=\"_ _1a2\"> </span>\ue619<span class=\"_ _1a6\"> </span>-</span>Asia/Oceania/Africa<span class=\"_ _98\"> </span>\ue61d\ue61d\ue61e<span class=\"_ _12a\"> </span>\ue61f<span class=\"_ _1a6\"> </span>-<span class=\"_ _c6\"> </span>\ue61b\ue617<span class=\"_ _1a2\"> </span>\ue618<span class=\"_ _1a6\"> </span>-TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2b2\"> </span><span class=\"ls1 ws1\">319<span class=\"_ _c6\"> </span>76<span class=\"_ _206\"> </span>100<span class=\"_ _206\"> </span>300<span class=\"_ _1a5\"> </span>94<span class=\"_ _206\"> </span>103</span>22.2 Expected credit lossWith r<span class=\"_ _0\"></span>egard to impairment of tr<span class=\"_ _2\"></span>ade receivables,<span class=\"_ _0\"></span> lease receiv<span class=\"_ _2\"></span>ables and contract assets,<span class=\"_ _0\"></span> the Group applies the simpli\ue615ed <span class=\"_ _20\"></span><span class=\"ws1\"> </span>approach f<span class=\"_ _0\"></span>or the impairment ev<span class=\"_ _2\"></span>aluation, which implies tha<span class=\"_ _0\"></span>t credit losses for<span class=\"_ _2\"></span> these categories of assets are alwa<span class=\"_ _0\"></span>ys meas<span class=\"_ _0\"></span>ured at an amount equal to lifetime expecte<span class=\"_ _0\"></span>d credit losses.<span class=\"_ _0\"></span> Credit losses ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed as the present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> all cash shortfalls \u2013 i.e<span class=\"_ _2\"></span>. the di\ue614erence between the cash \ue617o<span class=\"_ _0\"></span>ws to which the entity is entitle<span class=\"_ _0\"></span>d to and what the entity e<span class=\"_ _0\"></span>xpects to receive<span class=\"_ _2\"></span>.\ue618e inputs and assumptions to the expected cr<span class=\"_ _0\"></span>edit loss model ar<span class=\"_ _0\"></span>e the following: signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancial di\ue616culty of the coun<span class=\"ws1\">-</span>terparty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> a default of more than 90 da<span class=\"_ _0\"></span>ys past due<span class=\"_ _2\"></span>, a possible bankruptcy of the counterparty<span class=\"_ _1\"></span>.\ue618e evalu<span class=\"_ _0\"></span>ation of possible credit-impairment tak<span class=\"_ _2\"></span>es into account forward-looking elements.<span class=\"_ _2\"></span> For the ma<span class=\"_ _0\"></span>jor part of the ac<span class=\"ws1\">-</span>counts receiv<span class=\"_ _0\"></span>able balances,<span class=\"_ _0\"></span> debtors are scor<span class=\"_ _0\"></span>ed and rate<span class=\"_ _0\"></span>d based on quantitativ<span class=\"_ _0\"></span>e and qualitative inform<span class=\"_ _0\"></span>ation on an ongoing basis through Cr<span class=\"_ _0\"></span>edit Risk Applica<span class=\"_ _0\"></span>tion in place<span class=\"_ _0\"></span>. All cus<span class=\"_ _0\"></span>tomers are classi\ue615ed into di\ue614er<span class=\"_ _0\"></span>ent risk categ<span class=\"_ _0\"></span>ories which are re<span class=\"_ _2\"></span>as<span class=\"ws1\">-</span>sessed on a ye<span class=\"_ _2\"></span>arly basis based on relev<span class=\"_ _2\"></span>ant for<span class=\"_ _22\"></span>w<span class=\"_ _0\"></span>ard-looking informa<span class=\"_ _0\"></span>tion such as data from e<span class=\"_ _0\"></span>xternal credit bur<span class=\"_ _0\"></span>eaus,<span class=\"_ _0\"></span> age of business, country risk and the cr<span class=\"_ _0\"></span>edit manager\u2019<span class=\"_ _1\"></span>s assessment. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o mitigate the credit risk, cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance and other risk<span class=\"_ _0\"></span> mitigation tools such as letter<span class=\"_ _0\"></span> of credit, b<span class=\"_ _0\"></span>ank guar<span class=\"_ _2\"></span>antees, or mortgages ar<span class=\"_ _0\"></span>e used within the Gr<span class=\"_ _0\"></span>oup.\ue618e ageing of tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables and receiv<span class=\"_ _2\"></span>ables under \ue615nance lease at the r<span class=\"_ _0\"></span>eporting date w<span class=\"_ _2\"></span>as:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2b3\"> </span><span class=\"ffc\">2022</span>MILLION EUROGross value<span class=\"_ _181\"> </span>Impairment loss<span class=\"_ _a5\"> </span>Net<span class=\"_ _af\"> </span><span class=\"ffc\">Gross value<span class=\"_ _181\"> </span>Impairment loss<span class=\"_ _a5\"> </span>Net</span>T<span class=\"_ _2\"></span>rade receivablesNot past due<span class=\"_ _207\"> </span>\ue61f\ue61c\ue61c<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _233\"> </span>\ue61f\ue61c\ue616<span class=\"_ _ee\"> </span>\ue61f\ue617\ue616<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _248\"> </span>\ue61f\ue617\ue61dPast due \ue61e - \ue61a\ue61e days<span class=\"_ _14a\"> </span>\ue61b<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61b<span class=\"_ _95\"> </span>\ue61d\ue618<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>\ue61d\ue618Past due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _288\"> </span>\ue61d\ue61b<span class=\"_ _23f\"> </span>-<span class=\"_ _23e\"> </span>\ue61d\ue61b<span class=\"_ _31\"> </span>\ue61d\ue618<span class=\"_ _ca\"> </span>(\ue61d)<span class=\"_ _d0\"> </span>\ue61d\ue618Past due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _288\"> </span>\ue616<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61a<span class=\"_ _2b4\"> </span>\ue616<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _c5\"> </span>\ue61aPast due \ue61d\ue61c\ue61d - \ue61a\ue617\ue61e days<span class=\"_ _2b5\"> </span>\ue617<span class=\"_ _ec\"> </span>(\ue617)<span class=\"_ _2d\"> </span>-<span class=\"_ _41\"> </span>\ue61b<span class=\"_ _ca\"> </span>(\ue619)<span class=\"_ _2f\"> </span>\ue61fPast due more than \ue61a\ue617\ue61e days<span class=\"_ _2b6\"> </span>\ue61a\ue61b<span class=\"_ _d5\"> </span>(\ue61a\ue616)<span class=\"_ _c5\"> </span>\ue618<span class=\"_ _95\"> </span>\ue61a\ue617<span class=\"_ _d5\"> </span>(\ue61a\ue61d)<span class=\"_ _c5\"> </span>\ue618TOT<span class=\"_ _2\"></span>AL TRADE RECEIVABLES<span class=\"_ _1e3\"> </span><span class=\"ws1\">365<span class=\"_ _236\"> </span>(45)<span class=\"_ _248\"> </span>319<span class=\"_ _ee\"> </span>343<span class=\"_ _236\"> </span>(44)<span class=\"_ _248\"> </span>300</span>Receivables under \ue615nance leaseNot past due<span class=\"_ _3c\"> </span>\ue61b\ue61b<span class=\"_ _156\"> </span>-<span class=\"_ _23e\"> </span>\ue61b\ue61b<span class=\"_ _ee\"> </span>\ue61d\ue61e\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _248\"> </span>\ue61d\ue61e\ue61dPast due \ue61e - \ue61a\ue61e days<span class=\"_ _14a\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61d<span class=\"_ _2b4\"> </span>\ue61f<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61fPast due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _239\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b4\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61dPast due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _2b7\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _1da\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _2b8\"> </span>-Past due \ue61d\ue61c\ue61d - \ue61a\ue617\ue61e days<span class=\"_ _23b\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _1da\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _2b8\"> </span>-Past due more than \ue61a\ue617\ue61e days<span class=\"_ _b7\"> </span>\ue61d<span class=\"_ _ec\"> </span>(\ue61f)<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b4\"> </span>\ue61d<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _2b8\"> </span>-TOT<span class=\"_ _2\"></span>AL RECEIVABLES UNDER FINANCE LEASES<span class=\"_ _163\"> </span>102<span class=\"_ _1da\"> </span>(2)<span class=\"_ _248\"> </span>100<span class=\"_ _33\"> </span>105<span class=\"_ _ca\"> </span>(1)<span class=\"_ _233\"> </span>103P<span class=\"_ _0\"></span>ast due amounts of more than 360 day<span class=\"_ _0\"></span>s mainly arise in Belgium and are m<span class=\"_ _0\"></span>ainly caused by commer<span class=\"_ _0\"></span>cial disputes. <span class=\"_ _2\"></span>\ue618ese over<span class=\"_ _0\"></span>dues are for<span class=\"_ _0\"></span> the major<span class=\"_ _0\"></span> part written do<span class=\"_ _0\"></span>wn. Over<span class=\"_ _2\"></span>dues by region are very closely<span class=\"_ _0\"></span> monitored case by case b<span class=\"_ _0\"></span>y the Credit Committees within the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> \ue618e followin<span class=\"_ _0\"></span>g table prov<span class=\"_ _0\"></span>ides information about the e<span class=\"_ _0\"></span>xposure to credit risk<span class=\"_ _0\"></span> for tr<span class=\"_ _2\"></span>ade receivables fr<span class=\"_ _0\"></span>om individual customers at December 31,<span class=\"_ _2\"></span> 2022:MILLION EURO\ue610<span class=\"_ _14f\"> </span>Weighted average loss rate<span class=\"_ _89\"> </span>Gross carrying amount<span class=\"_ _ec\"> </span>Loss allowanceNot past due<span class=\"_ _2b9\"> </span>\ue61d.\ue61d\ue617%<span class=\"_ _2ba\"> </span>\ue61f\ue617\ue616<span class=\"_ _2ba\"> </span>(\ue61a)Past due \ue61e - \ue61a\ue61e days<span class=\"_ _27\"> </span>\ue618.\ue618\ue61e%<span class=\"_ _8e\"> </span>\ue61d\ue618<span class=\"_ _2ba\"> </span>(\ue61d)Past due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _1a8\"> </span>\ue616.\ue618\ue61c%<span class=\"_ _2bb\"> </span>\ue61d\ue618<span class=\"_ _2ba\"> </span>(\ue61d)Past due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _34\"> </span>\ue61f\ue61e.\ue61f\ue61d%<span class=\"_ _1db\"> </span>\ue616<span class=\"_ _2ba\"> </span>(\ue61d)More than \ue61d\ue61c\ue61e days\ue610<span class=\"_ _2bc\"> </span>\ue61c\ue618.\ue61f\ue617%<span class=\"_ _2bb\"> </span>\ue616\ue618<span class=\"_ _2bd\"> </span>(\ue61a\ue61c)\ue618e movement in the allo<span class=\"_ _0\"></span>wance for<span class=\"_ _2\"></span> impairment in respect of trade<span class=\"_ _2\"></span>, lease receiv<span class=\"_ _2\"></span>ables and contract assets during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> is shown in the follo<span class=\"_ _0\"></span>wing table<span class=\"_ _2\"></span>. \ue618e loss amount is me<span class=\"_ _2\"></span>asured at an amount equal to lifetime expected cr<span class=\"_ _0\"></span>edit losses.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _bb\"> </span><span class=\"ffc\">2022</span>Impairment losses Impairment losses Impairment Impairment losses on trade and on trade and losses on on contract assetsMILLION EUROlease receivableslease receivablescontract assetsBalance at January 1<span class=\"_ _27\"> </span>45<span class=\"_ _a8\"> </span>1<span class=\"_ _d6\"> </span>47<span class=\"_ _267\"> </span><span class=\"ffb\">-</span>Additions/reversals charged to pro\ue614t or loss<span class=\"_ _1c4\"> </span>\ue61f<span class=\"_ _c9\"> </span>-<span class=\"_ _a8\"> </span>\ue61d<span class=\"_ _c9\"> </span>- (\ue61d)Deductions from allowance-<span class=\"_ _c9\"> </span>-<span class=\"_ _131\"> </span>(\ue61a)<span class=\"_ _fa\"> </span>-Disposals<span class=\"_ _19c\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _fa\"> </span>-Exchange di\ue615erences<span class=\"_ _2be\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _fa\"> </span>-Balance at December 31<span class=\"_ _3c\"> </span>47<span class=\"_ _c9\"> </span>-<span class=\"_ _d6\"> </span>45<span class=\"_ _a8\"> </span>1(1) W<span class=\"_ _2\"></span>rite-o\ue614s for which an allowance <span class=\"_ _0\"></span>was prev<span class=\"_ _0\"></span>iously recorded.\ue618e gross carrying amount of a \ue615nancial as<span class=\"_ _0\"></span>set is written o\ue614 when the Group has no r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectations of recov<span class=\"_ _0\"></span>ering a \ue615nancial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group individu<span class=\"_ _0\"></span>ally makes an asses<span class=\"_ _0\"></span>sment for e<span class=\"_ _2\"></span>ach type of \ue615nancial asset based on w<span class=\"_ _0\"></span>hether there is a r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectation of recov<span class=\"_ _0\"></span>ery<span class=\"_ _2\"></span>. Financial assets tha<span class=\"_ _0\"></span>t are written o\ue614 are still s<span class=\"_ _0\"></span>ubject to enforcement activ<span class=\"_ _0\"></span>ities of the Group for r<span class=\"_ _0\"></span>ecovery of amounts due<span class=\"_ _0\"></span>.\ue618e impairment loss re<span class=\"_ _0\"></span>lates to sever<span class=\"_ _0\"></span>al other cus<span class=\"_ _0\"></span>tomers that indicated not to be able to p<span class=\"_ _0\"></span>ay their<span class=\"_ _0\"></span> outstanding balances mainly due to economic circumstances.\ue618e cash held by the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _0\"></span> is deposited with b<span class=\"_ _0\"></span>anks hav<span class=\"_ _0\"></span>ing an A cr<span class=\"_ _0\"></span>edit ra<span class=\"_ _0\"></span>ting.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__50": {
   "value": "22.2 Expected credit lossWith r<span class=\"_ _0\"></span>egard to impairment of tr<span class=\"_ _2\"></span>ade receivables,<span class=\"_ _0\"></span> lease receiv<span class=\"_ _2\"></span>ables and contract assets,<span class=\"_ _0\"></span> the Group applies the simpli\ue615ed <span class=\"_ _20\"></span><span class=\"ws1\"> </span>approach f<span class=\"_ _0\"></span>or the impairment ev<span class=\"_ _2\"></span>aluation, which implies tha<span class=\"_ _0\"></span>t credit losses for<span class=\"_ _2\"></span> these categories of assets are alwa<span class=\"_ _0\"></span>ys meas<span class=\"_ _0\"></span>ured at an amount equal to lifetime expecte<span class=\"_ _0\"></span>d credit losses.<span class=\"_ _0\"></span> Credit losses ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed as the present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> all cash shortfalls \u2013 i.e<span class=\"_ _2\"></span>. the di\ue614erence between the cash \ue617o<span class=\"_ _0\"></span>ws to which the entity is entitle<span class=\"_ _0\"></span>d to and what the entity e<span class=\"_ _0\"></span>xpects to receive<span class=\"_ _2\"></span>.\ue618e inputs and assumptions to the expected cr<span class=\"_ _0\"></span>edit loss model ar<span class=\"_ _0\"></span>e the following: signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancial di\ue616culty of the coun<span class=\"ws1\">-</span>terparty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> a default of more than 90 da<span class=\"_ _0\"></span>ys past due<span class=\"_ _2\"></span>, a possible bankruptcy of the counterparty<span class=\"_ _1\"></span>.\ue618e evalu<span class=\"_ _0\"></span>ation of possible credit-impairment tak<span class=\"_ _2\"></span>es into account forward-looking elements.<span class=\"_ _2\"></span> For the ma<span class=\"_ _0\"></span>jor part of the ac<span class=\"ws1\">-</span>counts receiv<span class=\"_ _0\"></span>able balances,<span class=\"_ _0\"></span> debtors are scor<span class=\"_ _0\"></span>ed and rate<span class=\"_ _0\"></span>d based on quantitativ<span class=\"_ _0\"></span>e and qualitative inform<span class=\"_ _0\"></span>ation on an ongoing basis through Cr<span class=\"_ _0\"></span>edit Risk Applica<span class=\"_ _0\"></span>tion in place<span class=\"_ _0\"></span>. All cus<span class=\"_ _0\"></span>tomers are classi\ue615ed into di\ue614er<span class=\"_ _0\"></span>ent risk categ<span class=\"_ _0\"></span>ories which are re<span class=\"_ _2\"></span>as<span class=\"ws1\">-</span>sessed on a ye<span class=\"_ _2\"></span>arly basis based on relev<span class=\"_ _2\"></span>ant for<span class=\"_ _22\"></span>w<span class=\"_ _0\"></span>ard-looking informa<span class=\"_ _0\"></span>tion such as data from e<span class=\"_ _0\"></span>xternal credit bur<span class=\"_ _0\"></span>eaus,<span class=\"_ _0\"></span> age of business, country risk and the cr<span class=\"_ _0\"></span>edit manager\u2019<span class=\"_ _1\"></span>s assessment. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>o mitigate the credit risk, cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance and other risk<span class=\"_ _0\"></span> mitigation tools such as letter<span class=\"_ _0\"></span> of credit, b<span class=\"_ _0\"></span>ank guar<span class=\"_ _2\"></span>antees, or mortgages ar<span class=\"_ _0\"></span>e used within the Gr<span class=\"_ _0\"></span>oup.\ue618e ageing of tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>ables and receiv<span class=\"_ _2\"></span>ables under \ue615nance lease at the r<span class=\"_ _0\"></span>eporting date w<span class=\"_ _2\"></span>as:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2b3\"> </span><span class=\"ffc\">2022</span>MILLION EUROGross value<span class=\"_ _181\"> </span>Impairment loss<span class=\"_ _a5\"> </span>Net<span class=\"_ _af\"> </span><span class=\"ffc\">Gross value<span class=\"_ _181\"> </span>Impairment loss<span class=\"_ _a5\"> </span>Net</span>T<span class=\"_ _2\"></span>rade receivablesNot past due<span class=\"_ _207\"> </span>\ue61f\ue61c\ue61c<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _233\"> </span>\ue61f\ue61c\ue616<span class=\"_ _ee\"> </span>\ue61f\ue617\ue616<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _248\"> </span>\ue61f\ue617\ue61dPast due \ue61e - \ue61a\ue61e days<span class=\"_ _14a\"> </span>\ue61b<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61b<span class=\"_ _95\"> </span>\ue61d\ue618<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>\ue61d\ue618Past due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _288\"> </span>\ue61d\ue61b<span class=\"_ _23f\"> </span>-<span class=\"_ _23e\"> </span>\ue61d\ue61b<span class=\"_ _31\"> </span>\ue61d\ue618<span class=\"_ _ca\"> </span>(\ue61d)<span class=\"_ _d0\"> </span>\ue61d\ue618Past due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _288\"> </span>\ue616<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61a<span class=\"_ _2b4\"> </span>\ue616<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _c5\"> </span>\ue61aPast due \ue61d\ue61c\ue61d - \ue61a\ue617\ue61e days<span class=\"_ _2b5\"> </span>\ue617<span class=\"_ _ec\"> </span>(\ue617)<span class=\"_ _2d\"> </span>-<span class=\"_ _41\"> </span>\ue61b<span class=\"_ _ca\"> </span>(\ue619)<span class=\"_ _2f\"> </span>\ue61fPast due more than \ue61a\ue617\ue61e days<span class=\"_ _2b6\"> </span>\ue61a\ue61b<span class=\"_ _d5\"> </span>(\ue61a\ue616)<span class=\"_ _c5\"> </span>\ue618<span class=\"_ _95\"> </span>\ue61a\ue617<span class=\"_ _d5\"> </span>(\ue61a\ue61d)<span class=\"_ _c5\"> </span>\ue618TOT<span class=\"_ _2\"></span>AL TRADE RECEIVABLES<span class=\"_ _1e3\"> </span><span class=\"ws1\">365<span class=\"_ _236\"> </span>(45)<span class=\"_ _248\"> </span>319<span class=\"_ _ee\"> </span>343<span class=\"_ _236\"> </span>(44)<span class=\"_ _248\"> </span>300</span>Receivables under \ue615nance leaseNot past due<span class=\"_ _3c\"> </span>\ue61b\ue61b<span class=\"_ _156\"> </span>-<span class=\"_ _23e\"> </span>\ue61b\ue61b<span class=\"_ _ee\"> </span>\ue61d\ue61e\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _248\"> </span>\ue61d\ue61e\ue61dPast due \ue61e - \ue61a\ue61e days<span class=\"_ _14a\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61d<span class=\"_ _2b4\"> </span>\ue61f<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61fPast due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _239\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b4\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _c5\"> </span>\ue61dPast due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _2b7\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _1da\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _2b8\"> </span>-Past due \ue61d\ue61c\ue61d - \ue61a\ue617\ue61e days<span class=\"_ _23b\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _1da\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _2b8\"> </span>-Past due more than \ue61a\ue617\ue61e days<span class=\"_ _b7\"> </span>\ue61d<span class=\"_ _ec\"> </span>(\ue61f)<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b4\"> </span>\ue61d<span class=\"_ _ec\"> </span>(\ue61d)<span class=\"_ _2b8\"> </span>-TOT<span class=\"_ _2\"></span>AL RECEIVABLES UNDER FINANCE LEASES<span class=\"_ _163\"> </span>102<span class=\"_ _1da\"> </span>(2)<span class=\"_ _248\"> </span>100<span class=\"_ _33\"> </span>105<span class=\"_ _ca\"> </span>(1)<span class=\"_ _233\"> </span>103P<span class=\"_ _0\"></span>ast due amounts of more than 360 day<span class=\"_ _0\"></span>s mainly arise in Belgium and are m<span class=\"_ _0\"></span>ainly caused by commer<span class=\"_ _0\"></span>cial disputes. <span class=\"_ _2\"></span>\ue618ese over<span class=\"_ _0\"></span>dues are for<span class=\"_ _0\"></span> the major<span class=\"_ _0\"></span> part written do<span class=\"_ _0\"></span>wn. Over<span class=\"_ _2\"></span>dues by region are very closely<span class=\"_ _0\"></span> monitored case by case b<span class=\"_ _0\"></span>y the Credit Committees within the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> \ue618e followin<span class=\"_ _0\"></span>g table prov<span class=\"_ _0\"></span>ides information about the e<span class=\"_ _0\"></span>xposure to credit risk<span class=\"_ _0\"></span> for tr<span class=\"_ _2\"></span>ade receivables fr<span class=\"_ _0\"></span>om individual customers at December 31,<span class=\"_ _2\"></span> 2022:MILLION EURO\ue610<span class=\"_ _14f\"> </span>Weighted average loss rate<span class=\"_ _89\"> </span>Gross carrying amount<span class=\"_ _ec\"> </span>Loss allowanceNot past due<span class=\"_ _2b9\"> </span>\ue61d.\ue61d\ue617%<span class=\"_ _2ba\"> </span>\ue61f\ue617\ue616<span class=\"_ _2ba\"> </span>(\ue61a)Past due \ue61e - \ue61a\ue61e days<span class=\"_ _27\"> </span>\ue618.\ue618\ue61e%<span class=\"_ _8e\"> </span>\ue61d\ue618<span class=\"_ _2ba\"> </span>(\ue61d)Past due \ue61a\ue61d - \ue61b\ue61e days<span class=\"_ _1a8\"> </span>\ue616.\ue618\ue61c%<span class=\"_ _2bb\"> </span>\ue61d\ue618<span class=\"_ _2ba\"> </span>(\ue61d)Past due \ue61b\ue61d - \ue61d\ue61c\ue61e days<span class=\"_ _34\"> </span>\ue61f\ue61e.\ue61f\ue61d%<span class=\"_ _1db\"> </span>\ue616<span class=\"_ _2ba\"> </span>(\ue61d)More than \ue61d\ue61c\ue61e days\ue610<span class=\"_ _2bc\"> </span>\ue61c\ue618.\ue61f\ue617%<span class=\"_ _2bb\"> </span>\ue616\ue618<span class=\"_ _2bd\"> </span>(\ue61a\ue61c)\ue618e movement in the allo<span class=\"_ _0\"></span>wance for<span class=\"_ _2\"></span> impairment in respect of trade<span class=\"_ _2\"></span>, lease receiv<span class=\"_ _2\"></span>ables and contract assets during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> is shown in the follo<span class=\"_ _0\"></span>wing table<span class=\"_ _2\"></span>. \ue618e loss amount is me<span class=\"_ _2\"></span>asured at an amount equal to lifetime expected cr<span class=\"_ _0\"></span>edit losses.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _bb\"> </span><span class=\"ffc\">2022</span>Impairment losses Impairment losses Impairment Impairment losses on trade and on trade and losses on on contract assetsMILLION EUROlease receivableslease receivablescontract assetsBalance at January 1<span class=\"_ _27\"> </span>45<span class=\"_ _a8\"> </span>1<span class=\"_ _d6\"> </span>47<span class=\"_ _267\"> </span><span class=\"ffb\">-</span>Additions/reversals charged to pro\ue614t or loss<span class=\"_ _1c4\"> </span>\ue61f<span class=\"_ _c9\"> </span>-<span class=\"_ _a8\"> </span>\ue61d<span class=\"_ _c9\"> </span>- (\ue61d)Deductions from allowance-<span class=\"_ _c9\"> </span>-<span class=\"_ _131\"> </span>(\ue61a)<span class=\"_ _fa\"> </span>-Disposals<span class=\"_ _19c\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _fa\"> </span>-Exchange di\ue615erences<span class=\"_ _2be\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _c9\"> </span>-<span class=\"_ _fa\"> </span>-Balance at December 31<span class=\"_ _3c\"> </span>47<span class=\"_ _c9\"> </span>-<span class=\"_ _d6\"> </span>45<span class=\"_ _a8\"> </span>1(1) W<span class=\"_ _2\"></span>rite-o\ue614s for which an allowance <span class=\"_ _0\"></span>was prev<span class=\"_ _0\"></span>iously recorded.\ue618e gross carrying amount of a \ue615nancial as<span class=\"_ _0\"></span>set is written o\ue614 when the Group has no r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectations of recov<span class=\"_ _0\"></span>ering a \ue615nancial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group individu<span class=\"_ _0\"></span>ally makes an asses<span class=\"_ _0\"></span>sment for e<span class=\"_ _2\"></span>ach type of \ue615nancial asset based on w<span class=\"_ _0\"></span>hether there is a r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectation of recov<span class=\"_ _0\"></span>ery<span class=\"_ _2\"></span>. Financial assets tha<span class=\"_ _0\"></span>t are written o\ue614 are still s<span class=\"_ _0\"></span>ubject to enforcement activ<span class=\"_ _0\"></span>ities of the Group for r<span class=\"_ _0\"></span>ecovery of amounts due<span class=\"_ _0\"></span>.\ue618e impairment loss re<span class=\"_ _0\"></span>lates to sever<span class=\"_ _0\"></span>al other cus<span class=\"_ _0\"></span>tomers that indicated not to be able to p<span class=\"_ _0\"></span>ay their<span class=\"_ _0\"></span> outstanding balances mainly due to economic circumstances.\ue618e cash held by the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _0\"></span> is deposited with b<span class=\"_ _0\"></span>anks hav<span class=\"_ _0\"></span>ing an A cr<span class=\"_ _0\"></span>edit ra<span class=\"_ _0\"></span>ting.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__52": {
   "value": "<span class=\"_ _d1\"> </span>LIQUIDITY RISKLiquidity risk is the risk<span class=\"_ _0\"></span> that the Group w<span class=\"_ _0\"></span>ill encounter di\ue616culties in meeting commitments r<span class=\"_ _0\"></span>elated to \ue615nanci<span class=\"_ _0\"></span>al liabilities when they fall due<span class=\"_ _2\"></span>.\ue618e Group ensures th<span class=\"_ _0\"></span>at it has su\ue616cient liquidity to meet its lia<span class=\"_ _0\"></span>bilities. Liquidity risk<span class=\"_ _0\"></span> is managed b<span class=\"_ _0\"></span>y maintaining a su\ue616cient degree of diversi\ue615cation of funding sour<span class=\"_ _0\"></span>ces. <span class=\"_ _2\"></span>\ue618e Group has a policy in place to limit concentra<span class=\"_ _0\"></span>tions related to liquidit<span class=\"_ _0\"></span>y risk. \ue618e total share of gross dr<span class=\"_ _2\"></span>awn term debt and all undra<span class=\"_ _0\"></span>wn committed facilities pr<span class=\"_ _0\"></span>ovided b<span class=\"_ _0\"></span>y one bank or<span class=\"_ _2\"></span> bank group should not exceed pr<span class=\"_ _0\"></span>edetermined limits. Risk<span class=\"_ _0\"></span> concentra<span class=\"_ _0\"></span>tions are monitored on an ong<span class=\"_ _0\"></span>oing basis by<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>reasury Committee<span class=\"_ _2\"></span>.In managing its liquidity risk,<span class=\"_ _2\"></span> the Group has a revolving cr<span class=\"_ _0\"></span>edit facility<span class=\"_ _0\"></span> it can access to meet its liquidity needs.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e notional amount of this credit facilit<span class=\"_ _0\"></span>y amounts to 230 million Eur<span class=\"_ _0\"></span>o with maturity<span class=\"_ _0\"></span> date March,<span class=\"_ _0\"></span> 2024 w<span class=\"_ _0\"></span>ith a possibility of extension of the term two times w<span class=\"_ _0\"></span>ith one year<span class=\"_ _2\"></span>. In the course of 20<span class=\"_ _2\"></span>22 the maturity date has been extende<span class=\"_ _0\"></span>d until March 2025.<span class=\"_ _2\"></span> Drawdo<span class=\"_ _0\"></span>wns under these lines ar<span class=\"_ _0\"></span>e made for<span class=\"_ _0\"></span> shorter periods but the Gr<span class=\"_ _0\"></span>oup has the discretion to roll-o<span class=\"_ _0\"></span>ver the li<span class=\"_ _0\"></span>ability under<span class=\"_ _0\"></span> the existing committed loan agreement.<span class=\"_ _2\"></span> In the liquidity analysis, rep<span class=\"_ _0\"></span>ayments of the committed facilities ar<span class=\"_ _0\"></span>e included in the earliest time band the Group could be r<span class=\"_ _0\"></span>equired to rep<span class=\"_ _0\"></span>ay its liabilities.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 2022, ther<span class=\"_ _0\"></span>e are no dra<span class=\"_ _0\"></span>wdo<span class=\"_ _0\"></span>wns under these lines (2<span class=\"_ _0\"></span>021: 0 million Euro<span class=\"_ _0\"></span>).\ue618e followin<span class=\"_ _0\"></span>g are the remaining contr<span class=\"_ _2\"></span>actual maturities at the end of the reporting period of \ue615nancial lia<span class=\"_ _0\"></span>bilities, including estimated inter<span class=\"_ _0\"></span>est payments <span class=\"_ _0\"></span>based on conditions existin<span class=\"_ _0\"></span>g at the reporting da<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> i.e<span class=\"_ _2\"></span>. exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and interest r<span class=\"_ _0\"></span>ates. <span class=\"_ _0\"></span>With regar<span class=\"_ _0\"></span>d to derivativ<span class=\"_ _0\"></span>es, the ma<span class=\"_ _0\"></span>turity analysis comprises liabilities arisin<span class=\"_ _0\"></span>g from deriv<span class=\"_ _0\"></span>atives and all gros<span class=\"_ _0\"></span>s settled forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contracts.<span class=\"_ _2\"></span> \ue618e contra<span class=\"_ _0\"></span>ctual cash \ue617ows for<span class=\"_ _2\"></span> for<span class=\"_ _22\"></span>war<span class=\"_ _2\"></span>d exchange contr<span class=\"_ _0\"></span>acts are determined using f<span class=\"_ _0\"></span>orward r<span class=\"_ _2\"></span>ates.2021Contractual cash \ue613owsCarrying \ue61a months  \ue61a-\ue61d\ue61f \ue61d-\ue618 More than amountTOT<span class=\"_ _0\"></span>ALMILLION EUROor lessmonths years\ue618 yearsNon-derivative \ue615nancial liabilitiesDebenture<span class=\"_ _223\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>- (\ue61d)Revolving credit facility(\ue61d)<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-EIB loan<span class=\"_ _162\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Other loans<span class=\"_ _155\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61a<span class=\"_ _2b\"> </span>\ue61d<span class=\"_ _28\"> </span>\ue61f<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Lease liabilities<span class=\"_ _2b9\"> </span>\ue619\ue61e<span class=\"_ _25c\"> </span>\ue619\ue61e<span class=\"_ _28\"> </span>\ue617<span class=\"_ _25c\"> </span>\ue61d\ue619<span class=\"_ _2f\"> </span>\ue616\ue61a<span class=\"_ _2b\"> </span>\ue61aBank overdrafts<span class=\"_ _2c0\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-T<span class=\"_ _2\"></span>rade payables<span class=\"_ _1d8\"> </span>\ue61f\ue618\ue61f<span class=\"_ _89\"> </span>\ue61f\ue618\ue61f<span class=\"_ _ee\"> </span>\ue61f\ue618\ue61f<span class=\"_ _1c0\"> </span>-<span class=\"_ _259\"> </span>-Other payables<span class=\"_ _19a\"> </span>\ue61b<span class=\"_ _2b\"> </span>\ue61b<span class=\"_ _31\"> </span>\ue61b<span class=\"_ _24a\"> </span>-<span class=\"_ _259\"> </span>-Derivative \ue615nancial liabilitiesForward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _2c1\"> </span>(\ue61d)<span class=\"_ _232\"> </span>(\ue61d\ue617)<span class=\"_ _243\"> </span>(\ue61d\ue617)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _162\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue618<span class=\"_ _2f\"> </span>\ue61d\ue618<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other forward exchange contracts:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _2c1\"> </span>(\ue61d)<span class=\"_ _188\"> </span>(\ue61d\ue61a\ue61b)<span class=\"_ _232\"> </span>(\ue616\ue61d)<span class=\"_ _243\"> </span>(\ue61b\ue61c)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _124\"> </span>\ue61d<span class=\"_ _89\"> </span>\ue61d\ue616\ue61e<span class=\"_ _2f\"> </span>\ue616\ue61d<span class=\"_ _2f\"> </span>\ue61b\ue61b<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _297\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c2\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-(1)<span class=\"_ _d1\"> </span>T<span class=\"_ _0\"></span>ransaction costs (1 million E<span class=\"_ _0\"></span>uro) are pr<span class=\"_ _0\"></span>esented as a reduction of the carrying amount of the \ue615nancial liability<span class=\"_ _2\"></span>.2022Contractual cash \ue613owsCarrying \ue61a months  \ue61a-\ue61d\ue61f \ue61d-\ue618 More than  amountTOT<span class=\"_ _0\"></span>ALMILLION EUROor lessmonthsyears\ue618 yearsNon-derivative \ue615nancial liabilitiesDebenture<span class=\"_ _22c\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>- (\ue61d)Revolving credit facility(\ue61d)<span class=\"_ _257\"> </span>(\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-EIB loan<span class=\"_ _2c3\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other loans<span class=\"_ _2c4\"> </span>\ue616<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _259\"> </span>-<span class=\"_ _2b\"> </span>\ue616<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-Lease liabilities<span class=\"_ _2c5\"> </span>\ue617\ue61f<span class=\"_ _25c\"> </span>\ue617\ue61f<span class=\"_ _28\"> </span>\ue617<span class=\"_ _25c\"> </span>\ue61d\ue616<span class=\"_ _2f\"> </span>\ue61a\ue618<span class=\"_ _2b\"> </span>\ue617Bank overdrafts<span class=\"_ _202\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-T<span class=\"_ _2\"></span>rade payables<span class=\"_ _2a\"> </span>\ue61f\ue616\ue61b<span class=\"_ _d0\"> </span>\ue61f\ue616\ue61b<span class=\"_ _ee\"> </span>\ue61f\ue616\ue61b<span class=\"_ _1c0\"> </span>-<span class=\"_ _259\"> </span>-Other payables<span class=\"_ _2c6\"> </span>\ue617<span class=\"_ _2b\"> </span>\ue617<span class=\"_ _31\"> </span>\ue617<span class=\"_ _24a\"> </span>-<span class=\"_ _259\"> </span>-Derivative \ue615nancial liabilities<span class=\"_ _127\"> </span>-Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _155\"> </span>(\ue61d)<span class=\"_ _243\"> </span>(\ue61d\ue619)<span class=\"_ _234\"> </span>(\ue61d\ue619)<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c7\"> </span>-<span class=\"_ _25c\"> </span>\ue61d\ue617<span class=\"_ _2f\"> </span>\ue61d\ue617<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-<span class=\"_ _c1\"> </span>-Other forward exchange contracts:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _155\"> </span>(\ue61d)<span class=\"_ _188\"> </span>(\ue61d\ue61f\ue61c)<span class=\"_ _243\"> </span>(\ue617\ue619)<span class=\"_ _232\"> </span>(\ue617\ue61d)<span class=\"_ _c1\"> </span>-<span class=\"_ _259\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c8\"> </span>\ue61a<span class=\"_ _89\"> </span>\ue61d\ue61a\ue61e<span class=\"_ _2f\"> </span>\ue617\ue619<span class=\"_ _2f\"> </span>\ue617\ue61f<span class=\"_ _259\"> </span>-<span class=\"_ _259\"> </span>-(1)<span class=\"_ _d1\"> </span>T<span class=\"_ _0\"></span>ransaction costs (1 million E<span class=\"_ _0\"></span>uro) are pr<span class=\"_ _0\"></span>esented as a reduction of the carrying amount of the \ue615nancial liability<span class=\"_ _2\"></span>.\ue618e followin<span class=\"_ _0\"></span>g table indicates the periods in which the cash \ue617ow<span class=\"_ _0\"></span>s associated w<span class=\"_ _0\"></span>ith cash \ue617ow hedg<span class=\"_ _0\"></span>es are expected to occur<span class=\"_ _2\"></span> and impact the pro\ue615t or<span class=\"_ _2\"></span> loss with the fair<span class=\"_ _0\"></span> value of the r<span class=\"_ _0\"></span>elated hedging ins<span class=\"_ _0\"></span>truments.\ue61f\ue61e\ue61f\ue61dExpected cash \ue613owsF<span class=\"_ _2\"></span>air \ue61a months \ue61a-\ue61d\ue61f More than MILLION EURO<span class=\"_ _299\"> </span><span class=\"ffc ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>value\ue61d-\ue618 yearsor lessmonths\ue618 yearsDerivative \ue615nancial instruments designated as cash \ue613ow hedges\ue614Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _15d\"> </span>(\ue61d)<span class=\"_ _1bc\"> </span>(\ue61d\ue617)<span class=\"_ _1bc\"> </span>(\ue61d\ue617)<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c9\"> </span>-<span class=\"_ _d0\"> </span>\ue61d\ue618<span class=\"_ _23e\"> </span>\ue61d\ue618<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _17d\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2a1\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-2022Expected cash \ue613owsFair 3 months 3-12 More than MILLION EURO<span class=\"_ _2ca\"> </span><span class=\"ls4 ws5\">TOT<span class=\"_ _0\"></span>AL</span>value1-5 yearsor lessmonths5 yearsDerivative \ue615nancial instruments designated as cash \ue613ow hedges\ue614Forward ex<span class=\"_ _0\"></span>change contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _15d\"> </span>(\ue61d)<span class=\"_ _1bc\"> </span>(\ue61d\ue619)<span class=\"_ _1bc\"> </span>(\ue61d\ue619)<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2c9\"> </span>-<span class=\"_ _d0\"> </span>\ue61d\ue617<span class=\"_ _23e\"> </span>\ue61d\ue617<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-Swap contracts designated as cash \ue613ow hedges:\ue610\ue610\ue610\ue610 Out\ue613ow<span class=\"_ _17d\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-\ue610\ue610\ue610\ue610 In\ue613ow<span class=\"_ _2a1\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _2b8\"> </span>-<span class=\"_ _2b8\"> </span>-",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__54": {
   "value": "<span class=\"_ _d1\"> </span>CAPIT<span class=\"_ _2\"></span>AL MANAGEMENT\ue618e Executive Man<span class=\"_ _0\"></span>agement seeks to maintain a b<span class=\"_ _0\"></span>alance between the components of the shar<span class=\"_ _0\"></span>eholders<span class=\"_ _0\"></span>\u2019 equity and the net \ue615nancial debt at an agr<span class=\"_ _0\"></span>eed level.<span class=\"_ _0\"></span> Net \ue615nancial debt is de\ue615ned as curr<span class=\"_ _0\"></span>ent and non-current loans and borr<span class=\"_ _0\"></span>owings and le<span class=\"_ _0\"></span>ase lia<span class=\"ls1 ws1\">-</span>bilities less cash and cash equiv<span class=\"_ _0\"></span>alents. <span class=\"_ _2\"></span>\ue618ere were no chang<span class=\"_ _0\"></span>es in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s approach to capital manag<span class=\"_ _0\"></span>ement during the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.\ue618e Group is not subject to an<span class=\"_ _0\"></span>y externally imposed capital r<span class=\"_ _0\"></span>equirements,<span class=\"_ _0\"></span> with the ex<span class=\"_ _0\"></span>ception of the statutory minimum equity funding requir<span class=\"_ _0\"></span>ements that apply to its subsidiaries in the di\ue614er<span class=\"_ _0\"></span>ent countries.In March 20<span class=\"_ _0\"></span>21, the Group announced a sh<span class=\"_ _0\"></span>are buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am with a volume of 50 million Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> Within the fr<span class=\"_ _2\"></span>amework of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am, Agfa-Gev<span class=\"_ _2\"></span>aert NV proceeded w<span class=\"_ _0\"></span>ith the purchase of own shar<span class=\"_ _0\"></span>es on the market of Eur<span class=\"_ _0\"></span>onext Brus<span class=\"ws1\">-</span>sels. <span class=\"_ _2\"></span>\ue618e authorization to acquire own sh<span class=\"_ _0\"></span>ares w<span class=\"_ _0\"></span>as granted to the Bo<span class=\"_ _0\"></span>ard of Directors b<span class=\"_ _0\"></span>y the Extr<span class=\"_ _0\"></span>aordinary Gener<span class=\"_ _0\"></span>al Meeting of Shareholders of May 12,<span class=\"_ _2\"></span> 2020.Agfa-Gev<span class=\"_ _2\"></span>aert NV has requested a \ue615nancial interme<span class=\"_ _0\"></span>diary to repurchase <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert shares f<span class=\"_ _0\"></span>or a maximum amount of 50,<span class=\"_ _2\"></span>000,000 Euro on its be<span class=\"_ _0\"></span>half under the terms of an initial discretion<span class=\"_ _0\"></span>ary mandate agreement w<span class=\"_ _0\"></span>ith v<span class=\"_ _0\"></span>alidity until March 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> e\ue614ective as from April 1, 2<span class=\"_ _0\"></span>021. On Mar<span class=\"_ _0\"></span>ch 8, 20<span class=\"_ _0\"></span>22, the Bo<span class=\"_ _0\"></span>ard of Directors decided to e<span class=\"_ _0\"></span>xtend the \u2018<span class=\"_ _2\"></span>2021 Share Buyb<span class=\"_ _0\"></span>ack Progr<span class=\"_ _0\"></span>am<span class=\"_ _2\"></span>\u2019 through Mar<span class=\"_ _0\"></span>ch 31, 20<span class=\"_ _0\"></span>23 (the <span class=\"_ _0\"></span>\u2018Extended Share Bu<span class=\"_ _0\"></span>yback P<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>am 2021<span class=\"_ _2\"></span>\u2019). Since the beginning of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am until June 9th, 2022,<span class=\"_ _0\"></span> based on the tr<span class=\"_ _0\"></span>ansaction date<span class=\"_ _2\"></span>, the Agfa-Gev<span class=\"_ _2\"></span>aert Group bought 12,9<span class=\"_ _0\"></span>30,66<span class=\"_ _2\"></span>2 own shares for<span class=\"_ _0\"></span> a total amount of 49,999,99<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.30 Eur<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> representing 7<span class=\"_ _2\"></span>.71% of the total outstandin<span class=\"_ _0\"></span>g shares on April 1,<span class=\"_ _2\"></span> 2021. W<span class=\"_ _0\"></span>ith this announcement, <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert NV has completed its sh<span class=\"_ _0\"></span>are buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am that had started on April 1,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> In the \ue615rst half-ye<span class=\"_ _0\"></span>ar of 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has purchased 5,<span class=\"_ _0\"></span>618,125 own shar<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> an amount of 21 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618ese shares w<span class=\"_ _0\"></span>ere cancelled in the course of the \ue615rst half-y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> of 2022.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 31, 2022,<span class=\"_ _0\"></span> the issued capital of the Group amounted to 187 million Eur<span class=\"_ _0\"></span>o represented b<span class=\"_ _0\"></span>y 154,8<span class=\"_ _0\"></span>20,528 fully p<span class=\"_ _0\"></span>aid shares.<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31 ,20<span class=\"_ _2\"></span>22, the Group does not hold any o<span class=\"_ _0\"></span>wn shares.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__56": {
   "value": "<span class=\"_ _59\"> </span>ACCOUNTING CLASSIFICA<span class=\"_ _0\"></span>TION AND F<span class=\"_ _0\"></span>AIR V<span class=\"_ _2\"></span>ALUESF<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue is the price that would be receive<span class=\"_ _0\"></span>d to sell an asset or p<span class=\"_ _0\"></span>aid to transf<span class=\"_ _0\"></span>er a liabilit<span class=\"_ _0\"></span>y in an orderly tr<span class=\"_ _2\"></span>ansaction between market p<span class=\"_ _0\"></span>articipants at the meas<span class=\"_ _0\"></span>urement date<span class=\"_ _2\"></span>.All deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e recognize<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position.\ue618e Group aggrega<span class=\"_ _0\"></span>tes its \ue615nancial instruments into classes b<span class=\"_ _0\"></span>ased on their<span class=\"_ _0\"></span> nature and char<span class=\"_ _2\"></span>acteristics. <span class=\"_ _0\"></span>\ue618e following ta<span class=\"_ _0\"></span>ble shows the carrying amounts and f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alues of \ue615nancial assets and liabilities by categ<span class=\"_ _0\"></span>ory and a reconciliation of the corres<span class=\"ws1\">-</span>ponding line items in the statement of \ue615nancial position.<span class=\"_ _0\"></span> It does not include fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue information for<span class=\"_ _0\"></span> \ue615nancial assets and liabilities not meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value if the carrying amount is a re<span class=\"_ _0\"></span>asonable appro<span class=\"_ _0\"></span>ximation of fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.<span class=\"_ _0\"></span> During 20<span class=\"_ _0\"></span>22 and 2021 ther<span class=\"_ _0\"></span>e have been no r<span class=\"_ _0\"></span>eclassi\ue615cations of \ue615nancial assets bet<span class=\"_ _0\"></span>ween categories.\ue618e other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables classi\ue615ed as mand<span class=\"_ _0\"></span>atorily at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t or loss in the f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value hier<span class=\"_ _2\"></span>archy 2 (202<span class=\"_ _0\"></span>2: 2 million Euro<span class=\"_ _2\"></span>, 2021: 2 million Eur<span class=\"_ _0\"></span>o) rela<span class=\"_ _0\"></span>te to a deposit of 3.4 ton silver pla<span class=\"_ _0\"></span>ced by a metal r<span class=\"_ _0\"></span>ecovery and re\ue615ning comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value (<span class=\"_ _0\"></span>observable m<span class=\"_ _0\"></span>arket price<span class=\"_ _0\"></span>). 2021Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _2cb\"> </span>\ue61a\ue61e<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue619<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _185\"> </span>\ue61d\ue61e<span class=\"_ _a0\"> </span>\ue61d\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2b3\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61d\ue61b<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61a\ue61d\ue61b\ue610(a)Receivables under \ue614nance lease<span class=\"_ _1de\"> </span>\ue61a\ue61d<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61d\ue61e\ue61e\ue610(a)Other receivables\ue610<span class=\"_ _247\"> </span>\ue61a\ue61a<span class=\"_ _243\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue616Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2cd\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Swap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Other swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _8f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dCash and cash equivalents\ue610<span class=\"_ _a7\"> </span>\ue61a\ue616<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _a0\"> </span>-<span class=\"_ _232\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _99\"> </span>\ue61a\ue61b\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _2cf\"> </span><span class=\"ws1\">-<span class=\"_ _88\"> </span>1<span class=\"_ _8f\"> </span>-<span class=\"_ _aa\"> </span>7<span class=\"_ _9d\"> </span>825<span class=\"_ _26d\"> </span>-<span class=\"_ _232\"> </span>832<span class=\"_ _234\"> </span>-</span>LiabilitiesLoans and borrowings\ue610 (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _89\"> </span>(\ue61d)Bank overdrafts<span class=\"_ _242\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _208\"> </span>-Other bank liabilities<span class=\"_ _145\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _aa\"> </span>\ue61a<span class=\"_ _1c5\"> </span>\ue61a\ue610(c)Lease liabilities<span class=\"_ _35\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue619\ue61e<span class=\"_ _2e\"> </span>\ue619\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _2cf\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue618\ue61f<span class=\"_ _243\"> </span>\ue61f\ue618\ue61f\ue610(a)Other payables<span class=\"_ _191\"> </span>\ue616\ue61e<span class=\"_ _234\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue619<span class=\"_ _2b8\"> </span>\ue61bDerivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2d0\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dOther swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-TOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _2d2\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>331<span class=\"_ _232\"> </span>335<span class=\"_ _234\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs are included in the initial me<span class=\"_ _0\"></span>asurement of the \ue615nancial liability (1 million E<span class=\"_ _0\"></span>uro).(c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>.2022Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _245\"> </span>\ue61a\ue61e<span class=\"_ _c5\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _50\"> </span>\ue618\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2c\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _23e\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61a\ue61e\ue61e-\ue610(a)Receivables under \ue614nance lease<span class=\"_ _153\"> </span>\ue61a\ue61d<span class=\"_ _25c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61e\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61d\ue61e\ue61a-\ue610(a)Other receivables\ue610<span class=\"_ _2d3\"> </span>\ue61a\ue61a<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _50\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _265\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Swap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dOther swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue61fCash and cash equivalents\ue610<span class=\"_ _1b9\"> </span>\ue61a\ue616<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _22c\"> </span><span class=\"ws1\">-<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>4<span class=\"_ _9d\"> </span>547<span class=\"_ _203\"> </span>555<span class=\"_ _a0\"> </span>-</span>LiabilitiesLoans and borrowings\ue610<span class=\"_ _148\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>- (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-Bank overdrafts<span class=\"_ _25d\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other bank liabilities<span class=\"_ _28f\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _50\"> </span>\ue616\ue610(c)Lease liabilities<span class=\"_ _154\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _238\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue617\ue61f<span class=\"_ _a3\"> </span>\ue617\ue61f-\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _22c\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue616\ue61b<span class=\"_ _159\"> </span>\ue61f\ue616\ue61b-\ue610(a)Other payables<span class=\"_ _2d6\"> </span>\ue616\ue61e<span class=\"_ _2f\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _1d9\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _1f7\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>318<span class=\"_ _9d\"> </span>322<span class=\"_ _26d\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs of the revolving cr<span class=\"_ _0\"></span>edit facility ar<span class=\"_ _0\"></span>e included in the initial measur<span class=\"_ _0\"></span>ement of the \ue615nancial liability (1 million Eur<span class=\"_ _0\"></span>o). (c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>. 25.<span class=\"_ _2\"></span>1 Basis for determining fair valuesSigni\ue615cant methods and assumptions used in estima<span class=\"_ _0\"></span>ting the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alues of \ue615nancial instruments are as follo<span class=\"_ _0\"></span>ws.\ue618e fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>of investments in equity<span class=\"_ _0\"></span> securities is determined by r<span class=\"_ _0\"></span>eference to their<span class=\"_ _0\"></span> quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contracts and s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ap contracts is v<span class=\"_ _2\"></span>alued using quoted forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and yield curve data at reportin<span class=\"_ _0\"></span>g date<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _2\"></span>ade and other receiv<span class=\"_ _0\"></span>ables and tra<span class=\"_ _0\"></span>de and other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables is not disclosed as it mainly re<span class=\"_ _0\"></span>lates to short-term receiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _2\"></span>ables for which their<span class=\"_ _2\"></span> carr<span class=\"_ _22\"></span>ying amount is a re<span class=\"_ _2\"></span>asonable approximation of fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of \ue615nanci<span class=\"_ _0\"></span>al liabilities is calculated b<span class=\"_ _0\"></span>ased on the present v<span class=\"_ _2\"></span>alue of future principal and interest cash \ue617ow<span class=\"_ _0\"></span>s, discounted at mark<span class=\"_ _0\"></span>et rates of interes<span class=\"_ _0\"></span>t at the reporting da<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e fair<span class=\"_ _0\"></span> value of the debentur<span class=\"_ _0\"></span>e is the quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent bank liabilities appr<span class=\"_ _0\"></span>oximates nominal amounts e<span class=\"_ _0\"></span>xcluding tr<span class=\"_ _0\"></span>ansaction costs,<span class=\"_ _0\"></span> as draw<span class=\"_ _2\"></span>downs are made for<span class=\"_ _2\"></span> short periods.\ue618e fair<span class=\"_ _0\"></span> value of the deferr<span class=\"_ _0\"></span>ed contingent consider<span class=\"_ _2\"></span>ation from business combinations is calculated using a discounte<span class=\"_ _0\"></span>d cash \ue617ow model.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e v<span class=\"_ _0\"></span>aluation model considers the present v<span class=\"_ _2\"></span>alue of the expected future pay<span class=\"_ _0\"></span>ments, discounted using a risk<span class=\"_ _2\"></span>-<span class=\"ws1\"> </span>adjusted discount r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Signi\ue615cant observ<span class=\"_ _0\"></span>able inputs are the expected cash \ue617o<span class=\"_ _0\"></span>ws and the risk<span class=\"_ _2\"></span>-adjusted discount rate<span class=\"_ _2\"></span>. \ue618e estimated f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue would increase (<span class=\"_ _0\"></span>decrease<span class=\"_ _2\"></span>) if<span class=\"_ _22\"></span> the expected perform<span class=\"_ _0\"></span>ances are higher<span class=\"_ _0\"></span> (lower).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__57": {
   "value": "<span class=\"_ _59\"> </span>ACCOUNTING CLASSIFICA<span class=\"_ _0\"></span>TION AND F<span class=\"_ _0\"></span>AIR V<span class=\"_ _2\"></span>ALUESF<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue is the price that would be receive<span class=\"_ _0\"></span>d to sell an asset or p<span class=\"_ _0\"></span>aid to transf<span class=\"_ _0\"></span>er a liabilit<span class=\"_ _0\"></span>y in an orderly tr<span class=\"_ _2\"></span>ansaction between market p<span class=\"_ _0\"></span>articipants at the meas<span class=\"_ _0\"></span>urement date<span class=\"_ _2\"></span>.All deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e recognize<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position.\ue618e Group aggrega<span class=\"_ _0\"></span>tes its \ue615nancial instruments into classes b<span class=\"_ _0\"></span>ased on their<span class=\"_ _0\"></span> nature and char<span class=\"_ _2\"></span>acteristics. <span class=\"_ _0\"></span>\ue618e following ta<span class=\"_ _0\"></span>ble shows the carrying amounts and f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alues of \ue615nancial assets and liabilities by categ<span class=\"_ _0\"></span>ory and a reconciliation of the corres<span class=\"ws1\">-</span>ponding line items in the statement of \ue615nancial position.<span class=\"_ _0\"></span> It does not include fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue information for<span class=\"_ _0\"></span> \ue615nancial assets and liabilities not meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value if the carrying amount is a re<span class=\"_ _0\"></span>asonable appro<span class=\"_ _0\"></span>ximation of fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.<span class=\"_ _0\"></span> During 20<span class=\"_ _0\"></span>22 and 2021 ther<span class=\"_ _0\"></span>e have been no r<span class=\"_ _0\"></span>eclassi\ue615cations of \ue615nancial assets bet<span class=\"_ _0\"></span>ween categories.\ue618e other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables classi\ue615ed as mand<span class=\"_ _0\"></span>atorily at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t or loss in the f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value hier<span class=\"_ _2\"></span>archy 2 (202<span class=\"_ _0\"></span>2: 2 million Euro<span class=\"_ _2\"></span>, 2021: 2 million Eur<span class=\"_ _0\"></span>o) rela<span class=\"_ _0\"></span>te to a deposit of 3.4 ton silver pla<span class=\"_ _0\"></span>ced by a metal r<span class=\"_ _0\"></span>ecovery and re\ue615ning comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value (<span class=\"_ _0\"></span>observable m<span class=\"_ _0\"></span>arket price<span class=\"_ _0\"></span>). 2021Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _2cb\"> </span>\ue61a\ue61e<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue619<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _185\"> </span>\ue61d\ue61e<span class=\"_ _a0\"> </span>\ue61d\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2b3\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61d\ue61b<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61a\ue61d\ue61b\ue610(a)Receivables under \ue614nance lease<span class=\"_ _1de\"> </span>\ue61a\ue61d<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61d\ue61e\ue61e\ue610(a)Other receivables\ue610<span class=\"_ _247\"> </span>\ue61a\ue61a<span class=\"_ _243\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue616Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2cd\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Swap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Other swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _8f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dCash and cash equivalents\ue610<span class=\"_ _a7\"> </span>\ue61a\ue616<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _a0\"> </span>-<span class=\"_ _232\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _99\"> </span>\ue61a\ue61b\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _2cf\"> </span><span class=\"ws1\">-<span class=\"_ _88\"> </span>1<span class=\"_ _8f\"> </span>-<span class=\"_ _aa\"> </span>7<span class=\"_ _9d\"> </span>825<span class=\"_ _26d\"> </span>-<span class=\"_ _232\"> </span>832<span class=\"_ _234\"> </span>-</span>LiabilitiesLoans and borrowings\ue610 (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _89\"> </span>(\ue61d)Bank overdrafts<span class=\"_ _242\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _208\"> </span>-Other bank liabilities<span class=\"_ _145\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _aa\"> </span>\ue61a<span class=\"_ _1c5\"> </span>\ue61a\ue610(c)Lease liabilities<span class=\"_ _35\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue619\ue61e<span class=\"_ _2e\"> </span>\ue619\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _2cf\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue618\ue61f<span class=\"_ _243\"> </span>\ue61f\ue618\ue61f\ue610(a)Other payables<span class=\"_ _191\"> </span>\ue616\ue61e<span class=\"_ _234\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue619<span class=\"_ _2b8\"> </span>\ue61bDerivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2d0\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dOther swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-TOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _2d2\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>331<span class=\"_ _232\"> </span>335<span class=\"_ _234\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs are included in the initial me<span class=\"_ _0\"></span>asurement of the \ue615nancial liability (1 million E<span class=\"_ _0\"></span>uro).(c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>.2022Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _245\"> </span>\ue61a\ue61e<span class=\"_ _c5\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _50\"> </span>\ue618\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2c\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _23e\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61a\ue61e\ue61e-\ue610(a)Receivables under \ue614nance lease<span class=\"_ _153\"> </span>\ue61a\ue61d<span class=\"_ _25c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61e\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61d\ue61e\ue61a-\ue610(a)Other receivables\ue610<span class=\"_ _2d3\"> </span>\ue61a\ue61a<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _50\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _265\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Swap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dOther swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue61fCash and cash equivalents\ue610<span class=\"_ _1b9\"> </span>\ue61a\ue616<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _22c\"> </span><span class=\"ws1\">-<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>4<span class=\"_ _9d\"> </span>547<span class=\"_ _203\"> </span>555<span class=\"_ _a0\"> </span>-</span>LiabilitiesLoans and borrowings\ue610<span class=\"_ _148\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>- (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-Bank overdrafts<span class=\"_ _25d\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other bank liabilities<span class=\"_ _28f\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _50\"> </span>\ue616\ue610(c)Lease liabilities<span class=\"_ _154\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _238\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue617\ue61f<span class=\"_ _a3\"> </span>\ue617\ue61f-\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _22c\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue616\ue61b<span class=\"_ _159\"> </span>\ue61f\ue616\ue61b-\ue610(a)Other payables<span class=\"_ _2d6\"> </span>\ue616\ue61e<span class=\"_ _2f\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _1d9\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _1f7\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>318<span class=\"_ _9d\"> </span>322<span class=\"_ _26d\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs of the revolving cr<span class=\"_ _0\"></span>edit facility ar<span class=\"_ _0\"></span>e included in the initial measur<span class=\"_ _0\"></span>ement of the \ue615nancial liability (1 million Eur<span class=\"_ _0\"></span>o). (c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>. 25.<span class=\"_ _2\"></span>1 Basis for determining fair valuesSigni\ue615cant methods and assumptions used in estima<span class=\"_ _0\"></span>ting the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alues of \ue615nancial instruments are as follo<span class=\"_ _0\"></span>ws.\ue618e fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>of investments in equity<span class=\"_ _0\"></span> securities is determined by r<span class=\"_ _0\"></span>eference to their<span class=\"_ _0\"></span> quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contracts and s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ap contracts is v<span class=\"_ _2\"></span>alued using quoted forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and yield curve data at reportin<span class=\"_ _0\"></span>g date<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _2\"></span>ade and other receiv<span class=\"_ _0\"></span>ables and tra<span class=\"_ _0\"></span>de and other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables is not disclosed as it mainly re<span class=\"_ _0\"></span>lates to short-term receiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _2\"></span>ables for which their<span class=\"_ _2\"></span> carr<span class=\"_ _22\"></span>ying amount is a re<span class=\"_ _2\"></span>asonable approximation of fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of \ue615nanci<span class=\"_ _0\"></span>al liabilities is calculated b<span class=\"_ _0\"></span>ased on the present v<span class=\"_ _2\"></span>alue of future principal and interest cash \ue617ow<span class=\"_ _0\"></span>s, discounted at mark<span class=\"_ _0\"></span>et rates of interes<span class=\"_ _0\"></span>t at the reporting da<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e fair<span class=\"_ _0\"></span> value of the debentur<span class=\"_ _0\"></span>e is the quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent bank liabilities appr<span class=\"_ _0\"></span>oximates nominal amounts e<span class=\"_ _0\"></span>xcluding tr<span class=\"_ _0\"></span>ansaction costs,<span class=\"_ _0\"></span> as draw<span class=\"_ _2\"></span>downs are made for<span class=\"_ _2\"></span> short periods.\ue618e fair<span class=\"_ _0\"></span> value of the deferr<span class=\"_ _0\"></span>ed contingent consider<span class=\"_ _2\"></span>ation from business combinations is calculated using a discounte<span class=\"_ _0\"></span>d cash \ue617ow model.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e v<span class=\"_ _0\"></span>aluation model considers the present v<span class=\"_ _2\"></span>alue of the expected future pay<span class=\"_ _0\"></span>ments, discounted using a risk<span class=\"_ _2\"></span>-<span class=\"ws1\"> </span>adjusted discount r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Signi\ue615cant observ<span class=\"_ _0\"></span>able inputs are the expected cash \ue617o<span class=\"_ _0\"></span>ws and the risk<span class=\"_ _2\"></span>-adjusted discount rate<span class=\"_ _2\"></span>. \ue618e estimated f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue would increase (<span class=\"_ _0\"></span>decrease<span class=\"_ _2\"></span>) if<span class=\"_ _22\"></span> the expected perform<span class=\"_ _0\"></span>ances are higher<span class=\"_ _0\"></span> (lower).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__58": {
   "value": "<span class=\"_ _59\"> </span>ACCOUNTING CLASSIFICA<span class=\"_ _0\"></span>TION AND F<span class=\"_ _0\"></span>AIR V<span class=\"_ _2\"></span>ALUESF<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue is the price that would be receive<span class=\"_ _0\"></span>d to sell an asset or p<span class=\"_ _0\"></span>aid to transf<span class=\"_ _0\"></span>er a liabilit<span class=\"_ _0\"></span>y in an orderly tr<span class=\"_ _2\"></span>ansaction between market p<span class=\"_ _0\"></span>articipants at the meas<span class=\"_ _0\"></span>urement date<span class=\"_ _2\"></span>.All deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e recognize<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position.\ue618e Group aggrega<span class=\"_ _0\"></span>tes its \ue615nancial instruments into classes b<span class=\"_ _0\"></span>ased on their<span class=\"_ _0\"></span> nature and char<span class=\"_ _2\"></span>acteristics. <span class=\"_ _0\"></span>\ue618e following ta<span class=\"_ _0\"></span>ble shows the carrying amounts and f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alues of \ue615nancial assets and liabilities by categ<span class=\"_ _0\"></span>ory and a reconciliation of the corres<span class=\"ws1\">-</span>ponding line items in the statement of \ue615nancial position.<span class=\"_ _0\"></span> It does not include fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue information for<span class=\"_ _0\"></span> \ue615nancial assets and liabilities not meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value if the carrying amount is a re<span class=\"_ _0\"></span>asonable appro<span class=\"_ _0\"></span>ximation of fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.<span class=\"_ _0\"></span> During 20<span class=\"_ _0\"></span>22 and 2021 ther<span class=\"_ _0\"></span>e have been no r<span class=\"_ _0\"></span>eclassi\ue615cations of \ue615nancial assets bet<span class=\"_ _0\"></span>ween categories.\ue618e other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables classi\ue615ed as mand<span class=\"_ _0\"></span>atorily at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t or loss in the f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value hier<span class=\"_ _2\"></span>archy 2 (202<span class=\"_ _0\"></span>2: 2 million Euro<span class=\"_ _2\"></span>, 2021: 2 million Eur<span class=\"_ _0\"></span>o) rela<span class=\"_ _0\"></span>te to a deposit of 3.4 ton silver pla<span class=\"_ _0\"></span>ced by a metal r<span class=\"_ _0\"></span>ecovery and re\ue615ning comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value (<span class=\"_ _0\"></span>observable m<span class=\"_ _0\"></span>arket price<span class=\"_ _0\"></span>). 2021Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _2cb\"> </span>\ue61a\ue61e<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue619<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _185\"> </span>\ue61d\ue61e<span class=\"_ _a0\"> </span>\ue61d\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2b3\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61d\ue61b<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61a\ue61d\ue61b\ue610(a)Receivables under \ue614nance lease<span class=\"_ _1de\"> </span>\ue61a\ue61d<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _208\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61d\ue61e\ue61e\ue610(a)Other receivables\ue610<span class=\"_ _247\"> </span>\ue61a\ue61a<span class=\"_ _243\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue616Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2cd\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Swap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-Other swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _88\"> </span>\ue61d<span class=\"_ _8f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dCash and cash equivalents\ue610<span class=\"_ _a7\"> </span>\ue61a\ue616<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _a0\"> </span>-<span class=\"_ _232\"> </span>\ue61a\ue61b\ue61c<span class=\"_ _99\"> </span>\ue61a\ue61b\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _2cf\"> </span><span class=\"ws1\">-<span class=\"_ _88\"> </span>1<span class=\"_ _8f\"> </span>-<span class=\"_ _aa\"> </span>7<span class=\"_ _9d\"> </span>825<span class=\"_ _26d\"> </span>-<span class=\"_ _232\"> </span>832<span class=\"_ _234\"> </span>-</span>LiabilitiesLoans and borrowings\ue610 (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _89\"> </span>(\ue61d)Bank overdrafts<span class=\"_ _242\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _208\"> </span>-Other bank liabilities<span class=\"_ _145\"> </span>\ue61a\ue61c<span class=\"_ _232\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _aa\"> </span>\ue61a<span class=\"_ _1c5\"> </span>\ue61a\ue610(c)Lease liabilities<span class=\"_ _35\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _96\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue619\ue61e<span class=\"_ _2e\"> </span>\ue619\ue61e\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _2cf\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue618\ue61f<span class=\"_ _243\"> </span>\ue61f\ue618\ue61f\ue610(a)Other payables<span class=\"_ _191\"> </span>\ue616\ue61e<span class=\"_ _234\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue619<span class=\"_ _2b8\"> </span>\ue61bDerivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _2d0\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _145\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _234\"> </span>-Other forward exchange contracts<span class=\"_ _37\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _aa\"> </span>\ue61d<span class=\"_ _1c5\"> </span>\ue61dOther swap contracts<span class=\"_ _2ce\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _232\"> </span>-TOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _2d2\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>331<span class=\"_ _232\"> </span>335<span class=\"_ _234\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs are included in the initial me<span class=\"_ _0\"></span>asurement of the \ue615nancial liability (1 million E<span class=\"_ _0\"></span>uro).(c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>.2022Financial assets/liabilities: carrying amountNoteMILLION EURO(2)<span class=\"_ _9d\"> </span>(2)<span class=\"_ _9b\"> </span>(3)<span class=\"_ _25c\"> </span>(1)Fair value hierarchy\ue614AssetsOther \ue614nancial assets<span class=\"_ _245\"> </span>\ue61a\ue61e<span class=\"_ _c5\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _50\"> </span>\ue618\ue610(a)T<span class=\"_ _2\"></span>rade receivables\ue610<span class=\"_ _2c\"> </span>\ue61f\ue61f.\ue61f<span class=\"_ _23e\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61a\ue61e\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61a\ue61e\ue61e-\ue610(a)Receivables under \ue614nance lease<span class=\"_ _153\"> </span>\ue61a\ue61d<span class=\"_ _25c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61e\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _159\"> </span>\ue61d\ue61e\ue61a-\ue610(a)Other receivables\ue610<span class=\"_ _2d3\"> </span>\ue61a\ue61a<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _50\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _265\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Swap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dOther swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue61fCash and cash equivalents\ue610<span class=\"_ _1b9\"> </span>\ue61a\ue616<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _9d\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61c<span class=\"_ _c7\"> </span>\ue61d\ue61a\ue61cTOT<span class=\"_ _2\"></span>AL ASSETS<span class=\"_ _22c\"> </span><span class=\"ws1\">-<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _aa\"> </span>4<span class=\"_ _9d\"> </span>547<span class=\"_ _203\"> </span>555<span class=\"_ _a0\"> </span>-</span>LiabilitiesLoans and borrowings\ue610<span class=\"_ _148\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>- (b)Revolving credit facility\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-Bank overdrafts<span class=\"_ _25d\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other bank liabilities<span class=\"_ _28f\"> </span>\ue61a\ue61c<span class=\"_ _2f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _50\"> </span>\ue616\ue610(c)Lease liabilities<span class=\"_ _154\"> </span>\ue61a\ue61c.\ue61f<span class=\"_ _238\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _ae\"> </span>\ue617\ue61f<span class=\"_ _a3\"> </span>\ue617\ue61f-\ue610(a)T<span class=\"_ _2\"></span>rade payables\ue610<span class=\"_ _22c\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue616\ue61b<span class=\"_ _159\"> </span>\ue61f\ue616\ue61b-\ue610(a)Other payables<span class=\"_ _2d6\"> </span>\ue616\ue61e<span class=\"_ _2f\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _2d1\"> </span>\ue617-Derivative \ue614nancial instruments:\ue610Forward contracts used for hedging<span class=\"_ _1d9\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dSwap contracts used for hedging<span class=\"_ _28c\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other forward exchange contracts<span class=\"_ _2d4\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-Other swap contracts<span class=\"_ _2d5\"> </span>-<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _9f\"> </span>-<span class=\"_ _2d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>\ue61d<span class=\"_ _8b\"> </span>\ue61dTOT<span class=\"_ _2\"></span>AL LIABILITIES<span class=\"_ _1f7\"> </span>1<span class=\"_ _2d1\"> </span>3<span class=\"_ _9f\"> </span>-<span class=\"_ _2cc\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _c7\"> </span>318<span class=\"_ _9d\"> </span>322<span class=\"_ _26d\"> </span>-Fair<span class=\"_ _2\"></span> value hierarchy<span class=\"_ _0\"></span>: (1) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hierarch<span class=\"_ _0\"></span>y 1 means tha<span class=\"_ _0\"></span>t the fair v<span class=\"_ _2\"></span>alue is determined based on quoted prices in active markets.(2) Fair<span class=\"_ _2\"></span> value hierarch<span class=\"_ _0\"></span>y 2 means that f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is determined based on inputs other<span class=\"_ _0\"></span> than quoted prices that are observ<span class=\"_ _0\"></span>able for tha<span class=\"_ _0\"></span>t related asset or<span class=\"_ _2\"></span> liability<span class=\"_ _0\"></span>.(3) Fair v<span class=\"_ _2\"></span>alue hierarchy 3 me<span class=\"_ _0\"></span>ans that fair<span class=\"_ _0\"></span> value is determined b<span class=\"_ _0\"></span>ased on inputs that are not base<span class=\"_ _0\"></span>d on observable market d<span class=\"_ _0\"></span>ata: related to other<span class=\"_ _2\"></span> payable<span class=\"_ _0\"></span>.(a) <span class=\"_ _2\"></span>\ue618e Group has not separately disclose<span class=\"_ _0\"></span>d the fair v<span class=\"_ _2\"></span>alue of trade and other receiv<span class=\"_ _0\"></span>ables and the fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _0\"></span>ade pay<span class=\"_ _0\"></span>ables and other p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles as these assets and liabilities are mainly short-term r<span class=\"_ _0\"></span>eceivables and p<span class=\"_ _0\"></span>ayables f<span class=\"_ _0\"></span>or which the carrying amount is an appr<span class=\"_ _0\"></span>oximation of fair<span class=\"_ _0\"></span> value<span class=\"_ _2\"></span>. (b) <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction costs of the revolving cr<span class=\"_ _0\"></span>edit facility ar<span class=\"_ _0\"></span>e included in the initial measur<span class=\"_ _0\"></span>ement of the \ue615nancial liability (1 million Eur<span class=\"_ _0\"></span>o). (c) F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue is not disclosed for le<span class=\"_ _0\"></span>ase liabilities in accor<span class=\"_ _0\"></span>dance with IFRS 7<span class=\"_ _2\"></span>. 25.<span class=\"_ _2\"></span>1 Basis for determining fair valuesSigni\ue615cant methods and assumptions used in estima<span class=\"_ _0\"></span>ting the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alues of \ue615nancial instruments are as follo<span class=\"_ _0\"></span>ws.\ue618e fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>of investments in equity<span class=\"_ _0\"></span> securities is determined by r<span class=\"_ _0\"></span>eference to their<span class=\"_ _0\"></span> quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contracts and s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ap contracts is v<span class=\"_ _2\"></span>alued using quoted forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>tes and yield curve data at reportin<span class=\"_ _0\"></span>g date<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of tr<span class=\"_ _2\"></span>ade and other receiv<span class=\"_ _0\"></span>ables and tra<span class=\"_ _0\"></span>de and other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables is not disclosed as it mainly re<span class=\"_ _0\"></span>lates to short-term receiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _2\"></span>ables for which their<span class=\"_ _2\"></span> carr<span class=\"_ _22\"></span>ying amount is a re<span class=\"_ _2\"></span>asonable approximation of fair<span class=\"_ _2\"></span> value<span class=\"_ _0\"></span>.\ue618e fair<span class=\"_ _0\"></span> value of \ue615nanci<span class=\"_ _0\"></span>al liabilities is calculated b<span class=\"_ _0\"></span>ased on the present v<span class=\"_ _2\"></span>alue of future principal and interest cash \ue617ow<span class=\"_ _0\"></span>s, discounted at mark<span class=\"_ _0\"></span>et rates of interes<span class=\"_ _0\"></span>t at the reporting da<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e fair<span class=\"_ _0\"></span> value of the debentur<span class=\"_ _0\"></span>e is the quoted market price a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>.\ue618e fair<span class=\"_ _0\"></span> value f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent bank liabilities appr<span class=\"_ _0\"></span>oximates nominal amounts e<span class=\"_ _0\"></span>xcluding tr<span class=\"_ _0\"></span>ansaction costs,<span class=\"_ _0\"></span> as draw<span class=\"_ _2\"></span>downs are made for<span class=\"_ _2\"></span> short periods.\ue618e fair<span class=\"_ _0\"></span> value of the deferr<span class=\"_ _0\"></span>ed contingent consider<span class=\"_ _2\"></span>ation from business combinations is calculated using a discounte<span class=\"_ _0\"></span>d cash \ue617ow model.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e v<span class=\"_ _0\"></span>aluation model considers the present v<span class=\"_ _2\"></span>alue of the expected future pay<span class=\"_ _0\"></span>ments, discounted using a risk<span class=\"_ _2\"></span>-<span class=\"ws1\"> </span>adjusted discount r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Signi\ue615cant observ<span class=\"_ _0\"></span>able inputs are the expected cash \ue617o<span class=\"_ _0\"></span>ws and the risk<span class=\"_ _2\"></span>-adjusted discount rate<span class=\"_ _2\"></span>. \ue618e estimated f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue would increase (<span class=\"_ _0\"></span>decrease<span class=\"_ _2\"></span>) if<span class=\"_ _22\"></span> the expected perform<span class=\"_ _0\"></span>ances are higher<span class=\"_ _0\"></span> (lower).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__64": {
   "value": "\ue680. <span class=\"_ _22\"></span>GOODWILL AND INT<span class=\"_ _2\"></span>ANGIBLE ASSETSIntangible assetsInde\ue614nite useful Finite useful liveslivesMILLION EUROCost at December 31, 2020<span class=\"_ _1bf\"> </span>349<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>4<span class=\"_ _cc\"> </span>42<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>126<span class=\"_ _ae\"> </span>58<span class=\"_ _31\"> </span>627Exchange di\ue615erences<span class=\"_ _23b\"> </span>\ue61f\ue61e<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue61bBusiness combinations additions<span class=\"_ _1c3\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue61dDisposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _183\"> </span>(\ue617)<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue616)<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2021<span class=\"_ _1bf\"> </span>370<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>38<span class=\"_ _ae\"> </span>47<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>128<span class=\"_ _ae\"> </span>54<span class=\"_ _a0\"> </span><span class=\"ffb\">-<span class=\"_ _cc\"> </span></span>644Exchange di\ue615erences<span class=\"_ _2b7\"> </span>\ue61b<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fBusiness combinations additions<span class=\"_ _180\"> </span>\ue61f<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a3\"> </span>\ue61f\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue617CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61f)Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Disposals and retirements<span class=\"_ _b7\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _183\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61c)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2022<span class=\"_ _1bf\"> </span>379<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>61<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>5<span class=\"_ _c7\"> </span>131<span class=\"_ _ae\"> </span>58<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>679Accumulated amortization and impairment losses  (84)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(4)<span class=\"_ _100\"> </span>(42)<span class=\"_ _9e\"> </span>(31)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(123)<span class=\"_ _9e\"> </span>(55)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(342)December 31, 2020Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue617)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _a0\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue616)<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61f)<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue619)Impairment loss during the year<span class=\"_ _1f5\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Disposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _2d1\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61f<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fReclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (90)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(38)<span class=\"_ _9e\"> </span>(39)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(126)<span class=\"_ _9e\"> </span>(52)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(351)December 31, 2021Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue618)Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue61b)Impairment loss during the year<span class=\"_ _2bb\"> </span>(\ue619\ue61e)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue619\ue61a)Disposals and retirements<span class=\"_ _2cd\"> </span>\ue61f<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (160)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(39)<span class=\"_ _9e\"> </span>(42)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(130)<span class=\"_ _9e\"> </span>(54)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(431)December 31, 2022Carrying amount December 31, 2020<span class=\"_ _2de\"> </span>265<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _ae\"> </span>12<span class=\"_ _9f\"> </span>-<span class=\"_ _50\"> </span>4<span class=\"_ _8b\"> </span>3<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>284Carrying amount December 31, 2021<span class=\"_ _2de\"> </span>280<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span><span class=\"ffb\">-<span class=\"_ _50\"> </span></span>9-<span class=\"_ _8b\"> </span>2<span class=\"_ _8b\"> </span>2<span class=\"_ _26d\"> </span><span class=\"ffb\">-<span class=\"_ _186\"> </span></span>293Carrying amount December 31, 2022<span class=\"_ _2de\"> </span>218<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _a3\"> </span>21<span class=\"_ _8b\"> </span>1<span class=\"_ _2d1\"> </span>1<span class=\"_ _8b\"> </span>1<span class=\"_ _8b\"> </span>5<span class=\"_ _26d\"> </span>-<span class=\"_ _186\"> </span>248In 2022,<span class=\"_ _2\"></span> the cash relevant capital expenditur<span class=\"_ _0\"></span>es for intan<span class=\"_ _0\"></span>gible assets amount to 7 million Euro (20<span class=\"_ _2\"></span>21: 1 million Euro) and mainly rel<span class=\"_ _0\"></span>ate to softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, licences and emission rig<span class=\"_ _0\"></span>hts. Business combinations a<span class=\"_ _0\"></span>dditions in 2022 r<span class=\"_ _0\"></span>elate to the acquisition<span class=\"_ _0\"></span> of Inca (see Note 19.1).At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group does not hold intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives for<span class=\"_ _2\"></span> impairment. <span class=\"_ _0\"></span>\ue618e Group has assessed whether<span class=\"_ _2\"></span> there was an indication of imp<span class=\"_ _0\"></span>airment for intangible as<span class=\"_ _0\"></span>sets with \ue615nite useful lives.<span class=\"_ _2\"></span> \ue618ese tests did result in the recordin<span class=\"_ _0\"></span>g of an impairment loss in the business segment of Radiology Solutions (see Note 2<span class=\"_ _2\"></span>7.1.2).\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has r<span class=\"_ _0\"></span>eviewed the appr<span class=\"_ _0\"></span>opriateness of the useful lives of its ma<span class=\"_ _0\"></span>jor intangible assets a<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar-end 2022.<span class=\"_ _2\"></span> \ue618is review<span class=\"_ _0\"></span> has not resulted in r<span class=\"_ _0\"></span>evised amortization periods for<span class=\"_ _2\"></span> intangible assets belong to HealthCare IT<span class=\"_ _1\"></span>, Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.More information on the underly<span class=\"_ _0\"></span>ing assumptions of the useful lives is pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d in section 27<span class=\"_ _2\"></span>.3 of this Note.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 Impairment tests for goo<span class=\"_ _22\"></span>dwillFor<span class=\"_ _2\"></span> the \ue615nancial statements of the Group,<span class=\"_ _0\"></span> goodwill is tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment annually and whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _0\"></span>e is an indication of impairment. F<span class=\"_ _2\"></span>or the purpose of impairment testing<span class=\"_ _0\"></span>, goodw<span class=\"_ _0\"></span>ill is allocated to a cash-gener<span class=\"_ _0\"></span>ating unit (CGU).In line with the de\ue615nition of cash-gener<span class=\"_ _2\"></span>ating units, the management of the Group h<span class=\"_ _0\"></span>as identi\ue615ed the reportable segments as the cash-gener<span class=\"_ _0\"></span>ating units, i.<span class=\"_ _2\"></span>e. He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.<span class=\"_ _2\"></span> \ue618e operatin<span class=\"_ _0\"></span>g segment is the lowest lev<span class=\"_ _0\"></span>el within the Gr<span class=\"_ _0\"></span>oup at which the goodw<span class=\"_ _0\"></span>ill is monitored for<span class=\"_ _0\"></span> internal manag<span class=\"_ _0\"></span>ement pur<span class=\"ws1\">-</span>poses (see Note 6 <span class=\"_ _0\"></span>\u2018Reportable segments<span class=\"_ _0\"></span>\u2019).At the end of 202<span class=\"_ _0\"></span>2, the impairment test f<span class=\"_ _0\"></span>or g<span class=\"_ _0\"></span>oodwill w<span class=\"_ _0\"></span>as performed for<span class=\"_ _0\"></span> the cash-gener<span class=\"_ _0\"></span>ating units HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions and Digital Print &amp; Chemicals. <span class=\"_ _2\"></span>\ue618e goodwill belonging to the cash-g<span class=\"_ _0\"></span>enerating unit O\ue614set Solutions <span class=\"_ _0\"></span>was alr<span class=\"_ _0\"></span>eady fully impair<span class=\"_ _0\"></span>ed in former <span class=\"_ _0\"></span>years.\ue618e impairment testing has been carrie<span class=\"_ _0\"></span>d out by comparing the carryin<span class=\"_ _0\"></span>g amount of each cash-gener<span class=\"_ _2\"></span>ating unit to its recover<span class=\"_ _0\"></span><span class=\"ws1\">-</span>able amount. <span class=\"_ _2\"></span>\ue618e recover<span class=\"_ _0\"></span>able amount of the CGU has been determined based upon a <span class=\"_ _0\"></span>value in use calcula<span class=\"_ _0\"></span>tion. <span class=\"_ _2\"></span>\ue618e value in use is determined as the present v<span class=\"_ _2\"></span>alue of estimated future cash \ue617ows th<span class=\"_ _0\"></span>at are derived fr<span class=\"_ _0\"></span>om the current long-term planning of the Group.<span class=\"_ _2\"></span> \ue618e discount ra<span class=\"_ _0\"></span>te used in calculating the present <span class=\"_ _0\"></span>value of the estima<span class=\"_ _0\"></span>ted future cash \ue617o<span class=\"_ _0\"></span>ws, is base<span class=\"_ _0\"></span>d on an aver<span class=\"_ _2\"></span>age market participant<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>ACC).\ue618e W<span class=\"_ _2\"></span>ACC considers a de<span class=\"_ _0\"></span>bt/<span class=\"_ _2\"></span>equity ratio for<span class=\"_ _2\"></span> an average m<span class=\"_ _0\"></span>arket\u2019<span class=\"_ _1\"></span>s participant increase<span class=\"_ _0\"></span>d with an additional risk<span class=\"_ _0\"></span> premium to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on the conditions on which compar<span class=\"_ _2\"></span>able companies can obtain long-term \ue615nancing.\ue618e discount rate is calcul<span class=\"_ _0\"></span>ated for<span class=\"_ _0\"></span> each cash-g<span class=\"_ _0\"></span>enerating unit independently<span class=\"_ _1\"></span>, considering the debt/<span class=\"_ _2\"></span>equity ratio of e<span class=\"_ _0\"></span>ach peer group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e pre-tax discount rates are deriv<span class=\"_ _0\"></span>ed from the W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC by me<span class=\"_ _0\"></span>ans of iteration.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1 CGU Agfa HealthC<span class=\"_ _0\"></span>are ITAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU <span class=\"_ _0\"></span>Agfa HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> comprises goodwill of 21<span class=\"_ _0\"></span>7 million Euro<span class=\"_ _2\"></span>. At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _2\"></span> the Group tested its goodwill of HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Agfa He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> has been determined based on estimated cash \ue617o<span class=\"_ _0\"></span>w projections cov<span class=\"_ _0\"></span>ering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years a terminal <span class=\"_ _0\"></span>value is computed usin<span class=\"_ _0\"></span>g a growth r<span class=\"_ _2\"></span>ate in the division Information <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>echnolo<span class=\"ws1\">-</span>gies (IT<span class=\"_ _0\"></span> Solutions) of 1.5%. <span class=\"_ _2\"></span>\ue618ese growth ra<span class=\"_ _0\"></span>tes are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _0\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 10<span class=\"_ _0\"></span>.15% (20<span class=\"_ _0\"></span>21: 7<span class=\"_ _0\"></span>.91%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.43% (2021: 9.51%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 1.5% for IT<span class=\"_ _0\"></span> Solutions (2021: 1.5%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.Sensitivity analy<span class=\"_ _0\"></span>ses on changes in k<span class=\"_ _0\"></span>ey assumptions,<span class=\"_ _0\"></span> i.e<span class=\"_ _2\"></span>. substantial changes in <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC,<span class=\"_ _0\"></span> have been performe<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e sensi<span class=\"ws1\">-</span>tivity analy<span class=\"_ _0\"></span>sis was b<span class=\"_ _0\"></span>ased on a 100 basis point incr<span class=\"_ _0\"></span>ease in the w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age cost of capital. <span class=\"_ _0\"></span>\ue618ese sensitivity analy<span class=\"_ _0\"></span>ses have not r<span class=\"_ _0\"></span>eveale<span class=\"_ _0\"></span>d any risk<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment loss. Based upon these sensitiv<span class=\"_ _0\"></span>ity analyses,<span class=\"_ _0\"></span> management is of the opinion tha<span class=\"_ _0\"></span>t a reason<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> possible change in one of these key assumptions <span class=\"_ _0\"></span>would not trigger<span class=\"_ _0\"></span> an impairment loss to occur<span class=\"_ _2\"></span>.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.2 CGU Radiology SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the g<span class=\"_ _0\"></span>oodwill belonging to the CGU Ra<span class=\"_ _0\"></span>diology Solutions w<span class=\"_ _0\"></span>as fully impaire<span class=\"_ _0\"></span>d. Due to a substantially incr<span class=\"_ _0\"></span>eased W<span class=\"_ _1\"></span>ACC in combination with a re<span class=\"_ _0\"></span>duced \ue615ve-ye<span class=\"_ _0\"></span>ar business pl<span class=\"_ _0\"></span>an, the calculate<span class=\"_ _0\"></span>d value in use of the CGU was lo<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> than its carrying amount and an impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.<span class=\"ff74 ws1\"> </span>\ue618e Group r<span class=\"_ _0\"></span>ecognized an imp<span class=\"_ _0\"></span>air<span class=\"ws1\">-</span>ment loss of 70 million Eur<span class=\"_ _0\"></span>o on goodwill and 3 million Eur<span class=\"_ _0\"></span>o on intangible assets in other<span class=\"_ _0\"></span> operatin<span class=\"_ _0\"></span>g expenses (Note 9).\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Radiology Solutions has been determined based on estim<span class=\"_ _0\"></span>ated cash \ue617ow pr<span class=\"_ _0\"></span>ojections covering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years,<span class=\"_ _0\"></span> a terminal v<span class=\"_ _0\"></span>alue is computed using a w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age growth r<span class=\"_ _0\"></span>ate of minus 3.87%. \ue618ese growth r<span class=\"_ _2\"></span>ates are derived from r<span class=\"_ _0\"></span>espective market inf<span class=\"_ _0\"></span>ormation. \ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 9.<span class=\"_ _2\"></span>79% (2021: 7<span class=\"_ _2\"></span>.94%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 13.18% (20<span class=\"_ _0\"></span>21: 9.67%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">weighted a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e terminal gro<span class=\"_ _0\"></span>wth rate (<span class=\"_ _2\"></span>after \ue615ve y<span class=\"_ _0\"></span>ears): minus 3.87% (2<span class=\"_ _0\"></span>021: minus 0.1<span class=\"_ _0\"></span>9%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">silver: 20<span class=\"_ _0\"></span>.5 USD/T<span class=\"_ _2\"></span>roz.<span class=\"_ _2\"></span> (2021: 25 USD/T<span class=\"_ _2\"></span>roz.);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.3 CGU Digital Print &amp; ChemicalsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU Digital Print &amp; Chemicals comprises g<span class=\"_ _0\"></span>oodwill of 2 million Euro<span class=\"_ _2\"></span>. <span class=\"_ _56\"></span><span class=\"ws1\"> </span>At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group tested its g<span class=\"_ _0\"></span>oodwill of Digital Print &amp; Chemicals for<span class=\"_ _0\"></span> impairment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.<span class=\"_ _2\"></span> \ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Digital Print &amp; Chemicals has been determined based on es<span class=\"_ _0\"></span>timated cash \ue617ow projections co<span class=\"_ _0\"></span>vering the ne<span class=\"_ _0\"></span>xt \ue615ve ye<span class=\"_ _0\"></span>ars. <span class=\"_ _2\"></span>\ue618e estimated cash \ue617ow pr<span class=\"_ _0\"></span>ojections are based upon the str<span class=\"_ _2\"></span>ategic busi<span class=\"ws1\">-</span>ness plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Directors. <span class=\"_ _0\"></span>After \ue615v<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ars, a terminal v<span class=\"_ _2\"></span>alue is computed using a growth r<span class=\"_ _0\"></span>ate in the division of 5%. <span class=\"_ _2\"></span>\ue618ese growth r<span class=\"_ _0\"></span>ates are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _2\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment. Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">after-tax W<span class=\"_ _1\"></span>ACC: 10.43% </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.86% ;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 5%;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.4 CGU O\ue61eset SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU O\ue614set Solutions comprises no g<span class=\"_ _0\"></span>oodwill. 2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.2 Impairment tests for intangible assets with inde\ue61fnite useful livesAt ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group has no intangible assets <span class=\"_ _0\"></span>with inde\ue615nite useful lives on its b<span class=\"_ _0\"></span>alance sheet.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.3 Useful lives of intangible assets with \ue61fnite useful lives\ue618e useful life of an intangible asset is the period ov<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>hich the asset is expected to contribute dir<span class=\"_ _0\"></span>ectly or indir<span class=\"_ _0\"></span>ectly to the future cash \ue617ow<span class=\"_ _0\"></span>s of the Group.<span class=\"_ _0\"></span> Acquire<span class=\"_ _0\"></span>d technology and customer r<span class=\"_ _0\"></span>elationships are the most cr<span class=\"_ _0\"></span>ucial recognize<span class=\"_ _0\"></span>d intangible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es for the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or acquir<span class=\"_ _0\"></span>ed technology<span class=\"_ _2\"></span>, the estimation of the r<span class=\"_ _0\"></span>emaining useful life is b<span class=\"_ _0\"></span>ased on the analysis of factors such as t<span class=\"_ _0\"></span>ypical product life cycles in the industry and technological and commer<span class=\"_ _0\"></span>cial obsolescence arising mainly from e<span class=\"_ _0\"></span>xpected actions by competitors or<span class=\"_ _2\"></span> potential competitors.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology amounted to 21 million Euro (2<span class=\"_ _0\"></span>021: 0 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618is technolog<span class=\"_ _22\"></span>y w<span class=\"_ _2\"></span>as acquired in the business combination of Inca Digital Printers (see N<span class=\"_ _0\"></span>ote 19.1). <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology has an estim<span class=\"_ _0\"></span>ated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of appro<span class=\"_ _0\"></span>ximately nine y<span class=\"_ _0\"></span>ears. <span class=\"_ _2\"></span>\ue618e useful lives are periodically<span class=\"_ _0\"></span> reviewe<span class=\"_ _0\"></span>d and revised if necessary<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> acquired contractu<span class=\"_ _0\"></span>al customer r<span class=\"_ _0\"></span>elationships, the es<span class=\"_ _0\"></span>timated rem<span class=\"_ _0\"></span>aining useful life is assessed b<span class=\"_ _0\"></span>y refer<span class=\"_ _0\"></span>ence to customer attrition ra<span class=\"_ _0\"></span>tes. F<span class=\"_ _0\"></span>or the es<span class=\"_ _0\"></span>timation of appropriate customer<span class=\"_ _2\"></span> attrition rates, the Gr<span class=\"_ _0\"></span>oup assesses the prob<span class=\"_ _0\"></span>ability that e<span class=\"_ _0\"></span>xisting contracts <span class=\"_ _0\"></span>will be renegoti<span class=\"_ _0\"></span>ated. F<span class=\"_ _2\"></span>or the assessment of the proba<span class=\"_ _0\"></span>bility that e<span class=\"_ _0\"></span>xisting contra<span class=\"_ _0\"></span>cts can be renegotiate<span class=\"_ _0\"></span>d, demand as well as competition and other<span class=\"_ _0\"></span> factors such as technological lock<span class=\"_ _2\"></span>-in and relate<span class=\"_ _0\"></span>d sunk costs ar<span class=\"_ _0\"></span>e of importance.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s remaining acquired contr<span class=\"_ _2\"></span>actual customer re<span class=\"_ _0\"></span>lationships amount to 1 mil<span class=\"ws1\">-</span>lion Euro (20<span class=\"_ _2\"></span>21: 9 million Euro). <span class=\"_ _0\"></span>An impairment loss amounting to 3 million Eur<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>as recognized on cus<span class=\"_ _0\"></span>tomer re<span class=\"_ _0\"></span>lation<span class=\"ws1\">-</span>ships belonging to the Radiology business segment as a r<span class=\"_ _0\"></span>esult of the impairment testing performe<span class=\"_ _0\"></span>d during 202<span class=\"_ _0\"></span>2. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired contr<span class=\"_ _0\"></span>actual customer<span class=\"_ _2\"></span> relationships have an es<span class=\"_ _0\"></span>timated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of ap<span class=\"ws1\">-</span>proxima<span class=\"_ _0\"></span>tely \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> \ue618e usef<span class=\"_ _0\"></span>ul lives are periodically r<span class=\"_ _0\"></span>eviewed and r<span class=\"_ _0\"></span>evised if necessary<span class=\"_ _2\"></span>.While the Group believes th<span class=\"_ _0\"></span>at the assumptions (such as a<span class=\"_ _0\"></span>ttrition rates and pr<span class=\"_ _0\"></span>oduct life cycles) used f<span class=\"_ _0\"></span>or the determination of the useful lives of aforementioned intan<span class=\"_ _0\"></span>gibles are appropriate<span class=\"_ _2\"></span>, signi\ue615cant di\ue614erences in actual e<span class=\"_ _0\"></span>xperience would a\ue614ect the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s future amortization expense<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__63": {
   "value": "\ue680. <span class=\"_ _22\"></span>GOODWILL AND INT<span class=\"_ _2\"></span>ANGIBLE ASSETSIntangible assetsInde\ue614nite useful Finite useful liveslivesMILLION EUROCost at December 31, 2020<span class=\"_ _1bf\"> </span>349<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>4<span class=\"_ _cc\"> </span>42<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>126<span class=\"_ _ae\"> </span>58<span class=\"_ _31\"> </span>627Exchange di\ue615erences<span class=\"_ _23b\"> </span>\ue61f\ue61e<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue61bBusiness combinations additions<span class=\"_ _1c3\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue61dDisposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _183\"> </span>(\ue617)<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue616)<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2021<span class=\"_ _1bf\"> </span>370<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>38<span class=\"_ _ae\"> </span>47<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>128<span class=\"_ _ae\"> </span>54<span class=\"_ _a0\"> </span><span class=\"ffb\">-<span class=\"_ _cc\"> </span></span>644Exchange di\ue615erences<span class=\"_ _2b7\"> </span>\ue61b<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fBusiness combinations additions<span class=\"_ _180\"> </span>\ue61f<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a3\"> </span>\ue61f\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue617CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61f)Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Disposals and retirements<span class=\"_ _b7\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _183\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61c)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2022<span class=\"_ _1bf\"> </span>379<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>61<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>5<span class=\"_ _c7\"> </span>131<span class=\"_ _ae\"> </span>58<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>679Accumulated amortization and impairment losses  (84)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(4)<span class=\"_ _100\"> </span>(42)<span class=\"_ _9e\"> </span>(31)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(123)<span class=\"_ _9e\"> </span>(55)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(342)December 31, 2020Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue617)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _a0\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue616)<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61f)<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue619)Impairment loss during the year<span class=\"_ _1f5\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Disposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _2d1\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61f<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fReclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (90)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(38)<span class=\"_ _9e\"> </span>(39)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(126)<span class=\"_ _9e\"> </span>(52)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(351)December 31, 2021Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue618)Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue61b)Impairment loss during the year<span class=\"_ _2bb\"> </span>(\ue619\ue61e)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue619\ue61a)Disposals and retirements<span class=\"_ _2cd\"> </span>\ue61f<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (160)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(39)<span class=\"_ _9e\"> </span>(42)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(130)<span class=\"_ _9e\"> </span>(54)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(431)December 31, 2022Carrying amount December 31, 2020<span class=\"_ _2de\"> </span>265<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _ae\"> </span>12<span class=\"_ _9f\"> </span>-<span class=\"_ _50\"> </span>4<span class=\"_ _8b\"> </span>3<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>284Carrying amount December 31, 2021<span class=\"_ _2de\"> </span>280<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span><span class=\"ffb\">-<span class=\"_ _50\"> </span></span>9-<span class=\"_ _8b\"> </span>2<span class=\"_ _8b\"> </span>2<span class=\"_ _26d\"> </span><span class=\"ffb\">-<span class=\"_ _186\"> </span></span>293Carrying amount December 31, 2022<span class=\"_ _2de\"> </span>218<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _a3\"> </span>21<span class=\"_ _8b\"> </span>1<span class=\"_ _2d1\"> </span>1<span class=\"_ _8b\"> </span>1<span class=\"_ _8b\"> </span>5<span class=\"_ _26d\"> </span>-<span class=\"_ _186\"> </span>248In 2022,<span class=\"_ _2\"></span> the cash relevant capital expenditur<span class=\"_ _0\"></span>es for intan<span class=\"_ _0\"></span>gible assets amount to 7 million Euro (20<span class=\"_ _2\"></span>21: 1 million Euro) and mainly rel<span class=\"_ _0\"></span>ate to softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, licences and emission rig<span class=\"_ _0\"></span>hts. Business combinations a<span class=\"_ _0\"></span>dditions in 2022 r<span class=\"_ _0\"></span>elate to the acquisition<span class=\"_ _0\"></span> of Inca (see Note 19.1).At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group does not hold intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives for<span class=\"_ _2\"></span> impairment. <span class=\"_ _0\"></span>\ue618e Group has assessed whether<span class=\"_ _2\"></span> there was an indication of imp<span class=\"_ _0\"></span>airment for intangible as<span class=\"_ _0\"></span>sets with \ue615nite useful lives.<span class=\"_ _2\"></span> \ue618ese tests did result in the recordin<span class=\"_ _0\"></span>g of an impairment loss in the business segment of Radiology Solutions (see Note 2<span class=\"_ _2\"></span>7.1.2).\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has r<span class=\"_ _0\"></span>eviewed the appr<span class=\"_ _0\"></span>opriateness of the useful lives of its ma<span class=\"_ _0\"></span>jor intangible assets a<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar-end 2022.<span class=\"_ _2\"></span> \ue618is review<span class=\"_ _0\"></span> has not resulted in r<span class=\"_ _0\"></span>evised amortization periods for<span class=\"_ _2\"></span> intangible assets belong to HealthCare IT<span class=\"_ _1\"></span>, Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.More information on the underly<span class=\"_ _0\"></span>ing assumptions of the useful lives is pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d in section 27<span class=\"_ _2\"></span>.3 of this Note.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 Impairment tests for goo<span class=\"_ _22\"></span>dwillFor<span class=\"_ _2\"></span> the \ue615nancial statements of the Group,<span class=\"_ _0\"></span> goodwill is tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment annually and whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _0\"></span>e is an indication of impairment. F<span class=\"_ _2\"></span>or the purpose of impairment testing<span class=\"_ _0\"></span>, goodw<span class=\"_ _0\"></span>ill is allocated to a cash-gener<span class=\"_ _0\"></span>ating unit (CGU).In line with the de\ue615nition of cash-gener<span class=\"_ _2\"></span>ating units, the management of the Group h<span class=\"_ _0\"></span>as identi\ue615ed the reportable segments as the cash-gener<span class=\"_ _0\"></span>ating units, i.<span class=\"_ _2\"></span>e. He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.<span class=\"_ _2\"></span> \ue618e operatin<span class=\"_ _0\"></span>g segment is the lowest lev<span class=\"_ _0\"></span>el within the Gr<span class=\"_ _0\"></span>oup at which the goodw<span class=\"_ _0\"></span>ill is monitored for<span class=\"_ _0\"></span> internal manag<span class=\"_ _0\"></span>ement pur<span class=\"ws1\">-</span>poses (see Note 6 <span class=\"_ _0\"></span>\u2018Reportable segments<span class=\"_ _0\"></span>\u2019).At the end of 202<span class=\"_ _0\"></span>2, the impairment test f<span class=\"_ _0\"></span>or g<span class=\"_ _0\"></span>oodwill w<span class=\"_ _0\"></span>as performed for<span class=\"_ _0\"></span> the cash-gener<span class=\"_ _0\"></span>ating units HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions and Digital Print &amp; Chemicals. <span class=\"_ _2\"></span>\ue618e goodwill belonging to the cash-g<span class=\"_ _0\"></span>enerating unit O\ue614set Solutions <span class=\"_ _0\"></span>was alr<span class=\"_ _0\"></span>eady fully impair<span class=\"_ _0\"></span>ed in former <span class=\"_ _0\"></span>years.\ue618e impairment testing has been carrie<span class=\"_ _0\"></span>d out by comparing the carryin<span class=\"_ _0\"></span>g amount of each cash-gener<span class=\"_ _2\"></span>ating unit to its recover<span class=\"_ _0\"></span><span class=\"ws1\">-</span>able amount. <span class=\"_ _2\"></span>\ue618e recover<span class=\"_ _0\"></span>able amount of the CGU has been determined based upon a <span class=\"_ _0\"></span>value in use calcula<span class=\"_ _0\"></span>tion. <span class=\"_ _2\"></span>\ue618e value in use is determined as the present v<span class=\"_ _2\"></span>alue of estimated future cash \ue617ows th<span class=\"_ _0\"></span>at are derived fr<span class=\"_ _0\"></span>om the current long-term planning of the Group.<span class=\"_ _2\"></span> \ue618e discount ra<span class=\"_ _0\"></span>te used in calculating the present <span class=\"_ _0\"></span>value of the estima<span class=\"_ _0\"></span>ted future cash \ue617o<span class=\"_ _0\"></span>ws, is base<span class=\"_ _0\"></span>d on an aver<span class=\"_ _2\"></span>age market participant<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>ACC).\ue618e W<span class=\"_ _2\"></span>ACC considers a de<span class=\"_ _0\"></span>bt/<span class=\"_ _2\"></span>equity ratio for<span class=\"_ _2\"></span> an average m<span class=\"_ _0\"></span>arket\u2019<span class=\"_ _1\"></span>s participant increase<span class=\"_ _0\"></span>d with an additional risk<span class=\"_ _0\"></span> premium to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on the conditions on which compar<span class=\"_ _2\"></span>able companies can obtain long-term \ue615nancing.\ue618e discount rate is calcul<span class=\"_ _0\"></span>ated for<span class=\"_ _0\"></span> each cash-g<span class=\"_ _0\"></span>enerating unit independently<span class=\"_ _1\"></span>, considering the debt/<span class=\"_ _2\"></span>equity ratio of e<span class=\"_ _0\"></span>ach peer group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e pre-tax discount rates are deriv<span class=\"_ _0\"></span>ed from the W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC by me<span class=\"_ _0\"></span>ans of iteration.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1 CGU Agfa HealthC<span class=\"_ _0\"></span>are ITAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU <span class=\"_ _0\"></span>Agfa HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> comprises goodwill of 21<span class=\"_ _0\"></span>7 million Euro<span class=\"_ _2\"></span>. At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _2\"></span> the Group tested its goodwill of HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Agfa He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> has been determined based on estimated cash \ue617o<span class=\"_ _0\"></span>w projections cov<span class=\"_ _0\"></span>ering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years a terminal <span class=\"_ _0\"></span>value is computed usin<span class=\"_ _0\"></span>g a growth r<span class=\"_ _2\"></span>ate in the division Information <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>echnolo<span class=\"ws1\">-</span>gies (IT<span class=\"_ _0\"></span> Solutions) of 1.5%. <span class=\"_ _2\"></span>\ue618ese growth ra<span class=\"_ _0\"></span>tes are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _0\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 10<span class=\"_ _0\"></span>.15% (20<span class=\"_ _0\"></span>21: 7<span class=\"_ _0\"></span>.91%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.43% (2021: 9.51%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 1.5% for IT<span class=\"_ _0\"></span> Solutions (2021: 1.5%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.Sensitivity analy<span class=\"_ _0\"></span>ses on changes in k<span class=\"_ _0\"></span>ey assumptions,<span class=\"_ _0\"></span> i.e<span class=\"_ _2\"></span>. substantial changes in <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC,<span class=\"_ _0\"></span> have been performe<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e sensi<span class=\"ws1\">-</span>tivity analy<span class=\"_ _0\"></span>sis was b<span class=\"_ _0\"></span>ased on a 100 basis point incr<span class=\"_ _0\"></span>ease in the w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age cost of capital. <span class=\"_ _0\"></span>\ue618ese sensitivity analy<span class=\"_ _0\"></span>ses have not r<span class=\"_ _0\"></span>eveale<span class=\"_ _0\"></span>d any risk<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment loss. Based upon these sensitiv<span class=\"_ _0\"></span>ity analyses,<span class=\"_ _0\"></span> management is of the opinion tha<span class=\"_ _0\"></span>t a reason<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> possible change in one of these key assumptions <span class=\"_ _0\"></span>would not trigger<span class=\"_ _0\"></span> an impairment loss to occur<span class=\"_ _2\"></span>.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.2 CGU Radiology SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the g<span class=\"_ _0\"></span>oodwill belonging to the CGU Ra<span class=\"_ _0\"></span>diology Solutions w<span class=\"_ _0\"></span>as fully impaire<span class=\"_ _0\"></span>d. Due to a substantially incr<span class=\"_ _0\"></span>eased W<span class=\"_ _1\"></span>ACC in combination with a re<span class=\"_ _0\"></span>duced \ue615ve-ye<span class=\"_ _0\"></span>ar business pl<span class=\"_ _0\"></span>an, the calculate<span class=\"_ _0\"></span>d value in use of the CGU was lo<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> than its carrying amount and an impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.<span class=\"ff74 ws1\"> </span>\ue618e Group r<span class=\"_ _0\"></span>ecognized an imp<span class=\"_ _0\"></span>air<span class=\"ws1\">-</span>ment loss of 70 million Eur<span class=\"_ _0\"></span>o on goodwill and 3 million Eur<span class=\"_ _0\"></span>o on intangible assets in other<span class=\"_ _0\"></span> operatin<span class=\"_ _0\"></span>g expenses (Note 9).\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Radiology Solutions has been determined based on estim<span class=\"_ _0\"></span>ated cash \ue617ow pr<span class=\"_ _0\"></span>ojections covering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years,<span class=\"_ _0\"></span> a terminal v<span class=\"_ _0\"></span>alue is computed using a w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age growth r<span class=\"_ _0\"></span>ate of minus 3.87%. \ue618ese growth r<span class=\"_ _2\"></span>ates are derived from r<span class=\"_ _0\"></span>espective market inf<span class=\"_ _0\"></span>ormation. \ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 9.<span class=\"_ _2\"></span>79% (2021: 7<span class=\"_ _2\"></span>.94%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 13.18% (20<span class=\"_ _0\"></span>21: 9.67%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">weighted a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e terminal gro<span class=\"_ _0\"></span>wth rate (<span class=\"_ _2\"></span>after \ue615ve y<span class=\"_ _0\"></span>ears): minus 3.87% (2<span class=\"_ _0\"></span>021: minus 0.1<span class=\"_ _0\"></span>9%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">silver: 20<span class=\"_ _0\"></span>.5 USD/T<span class=\"_ _2\"></span>roz.<span class=\"_ _2\"></span> (2021: 25 USD/T<span class=\"_ _2\"></span>roz.);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.3 CGU Digital Print &amp; ChemicalsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU Digital Print &amp; Chemicals comprises g<span class=\"_ _0\"></span>oodwill of 2 million Euro<span class=\"_ _2\"></span>. <span class=\"_ _56\"></span><span class=\"ws1\"> </span>At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group tested its g<span class=\"_ _0\"></span>oodwill of Digital Print &amp; Chemicals for<span class=\"_ _0\"></span> impairment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.<span class=\"_ _2\"></span> \ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Digital Print &amp; Chemicals has been determined based on es<span class=\"_ _0\"></span>timated cash \ue617ow projections co<span class=\"_ _0\"></span>vering the ne<span class=\"_ _0\"></span>xt \ue615ve ye<span class=\"_ _0\"></span>ars. <span class=\"_ _2\"></span>\ue618e estimated cash \ue617ow pr<span class=\"_ _0\"></span>ojections are based upon the str<span class=\"_ _2\"></span>ategic busi<span class=\"ws1\">-</span>ness plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Directors. <span class=\"_ _0\"></span>After \ue615v<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ars, a terminal v<span class=\"_ _2\"></span>alue is computed using a growth r<span class=\"_ _0\"></span>ate in the division of 5%. <span class=\"_ _2\"></span>\ue618ese growth r<span class=\"_ _0\"></span>ates are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _2\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment. Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">after-tax W<span class=\"_ _1\"></span>ACC: 10.43% </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.86% ;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 5%;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.4 CGU O\ue61eset SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU O\ue614set Solutions comprises no g<span class=\"_ _0\"></span>oodwill. 2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.2 Impairment tests for intangible assets with inde\ue61fnite useful livesAt ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group has no intangible assets <span class=\"_ _0\"></span>with inde\ue615nite useful lives on its b<span class=\"_ _0\"></span>alance sheet.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.3 Useful lives of intangible assets with \ue61fnite useful lives\ue618e useful life of an intangible asset is the period ov<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>hich the asset is expected to contribute dir<span class=\"_ _0\"></span>ectly or indir<span class=\"_ _0\"></span>ectly to the future cash \ue617ow<span class=\"_ _0\"></span>s of the Group.<span class=\"_ _0\"></span> Acquire<span class=\"_ _0\"></span>d technology and customer r<span class=\"_ _0\"></span>elationships are the most cr<span class=\"_ _0\"></span>ucial recognize<span class=\"_ _0\"></span>d intangible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es for the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or acquir<span class=\"_ _0\"></span>ed technology<span class=\"_ _2\"></span>, the estimation of the r<span class=\"_ _0\"></span>emaining useful life is b<span class=\"_ _0\"></span>ased on the analysis of factors such as t<span class=\"_ _0\"></span>ypical product life cycles in the industry and technological and commer<span class=\"_ _0\"></span>cial obsolescence arising mainly from e<span class=\"_ _0\"></span>xpected actions by competitors or<span class=\"_ _2\"></span> potential competitors.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology amounted to 21 million Euro (2<span class=\"_ _0\"></span>021: 0 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618is technolog<span class=\"_ _22\"></span>y w<span class=\"_ _2\"></span>as acquired in the business combination of Inca Digital Printers (see N<span class=\"_ _0\"></span>ote 19.1). <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology has an estim<span class=\"_ _0\"></span>ated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of appro<span class=\"_ _0\"></span>ximately nine y<span class=\"_ _0\"></span>ears. <span class=\"_ _2\"></span>\ue618e useful lives are periodically<span class=\"_ _0\"></span> reviewe<span class=\"_ _0\"></span>d and revised if necessary<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> acquired contractu<span class=\"_ _0\"></span>al customer r<span class=\"_ _0\"></span>elationships, the es<span class=\"_ _0\"></span>timated rem<span class=\"_ _0\"></span>aining useful life is assessed b<span class=\"_ _0\"></span>y refer<span class=\"_ _0\"></span>ence to customer attrition ra<span class=\"_ _0\"></span>tes. F<span class=\"_ _0\"></span>or the es<span class=\"_ _0\"></span>timation of appropriate customer<span class=\"_ _2\"></span> attrition rates, the Gr<span class=\"_ _0\"></span>oup assesses the prob<span class=\"_ _0\"></span>ability that e<span class=\"_ _0\"></span>xisting contracts <span class=\"_ _0\"></span>will be renegoti<span class=\"_ _0\"></span>ated. F<span class=\"_ _2\"></span>or the assessment of the proba<span class=\"_ _0\"></span>bility that e<span class=\"_ _0\"></span>xisting contra<span class=\"_ _0\"></span>cts can be renegotiate<span class=\"_ _0\"></span>d, demand as well as competition and other<span class=\"_ _0\"></span> factors such as technological lock<span class=\"_ _2\"></span>-in and relate<span class=\"_ _0\"></span>d sunk costs ar<span class=\"_ _0\"></span>e of importance.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s remaining acquired contr<span class=\"_ _2\"></span>actual customer re<span class=\"_ _0\"></span>lationships amount to 1 mil<span class=\"ws1\">-</span>lion Euro (20<span class=\"_ _2\"></span>21: 9 million Euro). <span class=\"_ _0\"></span>An impairment loss amounting to 3 million Eur<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>as recognized on cus<span class=\"_ _0\"></span>tomer re<span class=\"_ _0\"></span>lation<span class=\"ws1\">-</span>ships belonging to the Radiology business segment as a r<span class=\"_ _0\"></span>esult of the impairment testing performe<span class=\"_ _0\"></span>d during 202<span class=\"_ _0\"></span>2. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired contr<span class=\"_ _0\"></span>actual customer<span class=\"_ _2\"></span> relationships have an es<span class=\"_ _0\"></span>timated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of ap<span class=\"ws1\">-</span>proxima<span class=\"_ _0\"></span>tely \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> \ue618e usef<span class=\"_ _0\"></span>ul lives are periodically r<span class=\"_ _0\"></span>eviewed and r<span class=\"_ _0\"></span>evised if necessary<span class=\"_ _2\"></span>.While the Group believes th<span class=\"_ _0\"></span>at the assumptions (such as a<span class=\"_ _0\"></span>ttrition rates and pr<span class=\"_ _0\"></span>oduct life cycles) used f<span class=\"_ _0\"></span>or the determination of the useful lives of aforementioned intan<span class=\"_ _0\"></span>gibles are appropriate<span class=\"_ _2\"></span>, signi\ue615cant di\ue614erences in actual e<span class=\"_ _0\"></span>xperience would a\ue614ect the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s future amortization expense<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__62": {
   "value": "\ue680. <span class=\"_ _22\"></span>GOODWILL AND INT<span class=\"_ _2\"></span>ANGIBLE ASSETSIntangible assetsInde\ue614nite useful Finite useful liveslivesMILLION EUROCost at December 31, 2020<span class=\"_ _1bf\"> </span>349<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>4<span class=\"_ _cc\"> </span>42<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>126<span class=\"_ _ae\"> </span>58<span class=\"_ _31\"> </span>627Exchange di\ue615erences<span class=\"_ _23b\"> </span>\ue61f\ue61e<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue61bBusiness combinations additions<span class=\"_ _1c3\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue61dDisposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _183\"> </span>(\ue617)<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue616)<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2021<span class=\"_ _1bf\"> </span>370<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>38<span class=\"_ _ae\"> </span>47<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>128<span class=\"_ _ae\"> </span>54<span class=\"_ _a0\"> </span><span class=\"ffb\">-<span class=\"_ _cc\"> </span></span>644Exchange di\ue615erences<span class=\"_ _2b7\"> </span>\ue61b<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fBusiness combinations additions<span class=\"_ _180\"> </span>\ue61f<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a3\"> </span>\ue61f\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue617CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61f)Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Disposals and retirements<span class=\"_ _b7\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _183\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61c)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2022<span class=\"_ _1bf\"> </span>379<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>61<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>5<span class=\"_ _c7\"> </span>131<span class=\"_ _ae\"> </span>58<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>679Accumulated amortization and impairment losses  (84)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(4)<span class=\"_ _100\"> </span>(42)<span class=\"_ _9e\"> </span>(31)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(123)<span class=\"_ _9e\"> </span>(55)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(342)December 31, 2020Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue617)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _a0\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue616)<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61f)<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue619)Impairment loss during the year<span class=\"_ _1f5\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Disposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _2d1\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61f<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fReclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (90)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(38)<span class=\"_ _9e\"> </span>(39)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(126)<span class=\"_ _9e\"> </span>(52)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(351)December 31, 2021Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue618)Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue61b)Impairment loss during the year<span class=\"_ _2bb\"> </span>(\ue619\ue61e)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue619\ue61a)Disposals and retirements<span class=\"_ _2cd\"> </span>\ue61f<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (160)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(39)<span class=\"_ _9e\"> </span>(42)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(130)<span class=\"_ _9e\"> </span>(54)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(431)December 31, 2022Carrying amount December 31, 2020<span class=\"_ _2de\"> </span>265<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _ae\"> </span>12<span class=\"_ _9f\"> </span>-<span class=\"_ _50\"> </span>4<span class=\"_ _8b\"> </span>3<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>284Carrying amount December 31, 2021<span class=\"_ _2de\"> </span>280<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span><span class=\"ffb\">-<span class=\"_ _50\"> </span></span>9-<span class=\"_ _8b\"> </span>2<span class=\"_ _8b\"> </span>2<span class=\"_ _26d\"> </span><span class=\"ffb\">-<span class=\"_ _186\"> </span></span>293Carrying amount December 31, 2022<span class=\"_ _2de\"> </span>218<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _a3\"> </span>21<span class=\"_ _8b\"> </span>1<span class=\"_ _2d1\"> </span>1<span class=\"_ _8b\"> </span>1<span class=\"_ _8b\"> </span>5<span class=\"_ _26d\"> </span>-<span class=\"_ _186\"> </span>248In 2022,<span class=\"_ _2\"></span> the cash relevant capital expenditur<span class=\"_ _0\"></span>es for intan<span class=\"_ _0\"></span>gible assets amount to 7 million Euro (20<span class=\"_ _2\"></span>21: 1 million Euro) and mainly rel<span class=\"_ _0\"></span>ate to softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, licences and emission rig<span class=\"_ _0\"></span>hts. Business combinations a<span class=\"_ _0\"></span>dditions in 2022 r<span class=\"_ _0\"></span>elate to the acquisition<span class=\"_ _0\"></span> of Inca (see Note 19.1).At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group does not hold intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives for<span class=\"_ _2\"></span> impairment. <span class=\"_ _0\"></span>\ue618e Group has assessed whether<span class=\"_ _2\"></span> there was an indication of imp<span class=\"_ _0\"></span>airment for intangible as<span class=\"_ _0\"></span>sets with \ue615nite useful lives.<span class=\"_ _2\"></span> \ue618ese tests did result in the recordin<span class=\"_ _0\"></span>g of an impairment loss in the business segment of Radiology Solutions (see Note 2<span class=\"_ _2\"></span>7.1.2).\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has r<span class=\"_ _0\"></span>eviewed the appr<span class=\"_ _0\"></span>opriateness of the useful lives of its ma<span class=\"_ _0\"></span>jor intangible assets a<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar-end 2022.<span class=\"_ _2\"></span> \ue618is review<span class=\"_ _0\"></span> has not resulted in r<span class=\"_ _0\"></span>evised amortization periods for<span class=\"_ _2\"></span> intangible assets belong to HealthCare IT<span class=\"_ _1\"></span>, Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.More information on the underly<span class=\"_ _0\"></span>ing assumptions of the useful lives is pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d in section 27<span class=\"_ _2\"></span>.3 of this Note.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 Impairment tests for goo<span class=\"_ _22\"></span>dwillFor<span class=\"_ _2\"></span> the \ue615nancial statements of the Group,<span class=\"_ _0\"></span> goodwill is tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment annually and whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _0\"></span>e is an indication of impairment. F<span class=\"_ _2\"></span>or the purpose of impairment testing<span class=\"_ _0\"></span>, goodw<span class=\"_ _0\"></span>ill is allocated to a cash-gener<span class=\"_ _0\"></span>ating unit (CGU).In line with the de\ue615nition of cash-gener<span class=\"_ _2\"></span>ating units, the management of the Group h<span class=\"_ _0\"></span>as identi\ue615ed the reportable segments as the cash-gener<span class=\"_ _0\"></span>ating units, i.<span class=\"_ _2\"></span>e. He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.<span class=\"_ _2\"></span> \ue618e operatin<span class=\"_ _0\"></span>g segment is the lowest lev<span class=\"_ _0\"></span>el within the Gr<span class=\"_ _0\"></span>oup at which the goodw<span class=\"_ _0\"></span>ill is monitored for<span class=\"_ _0\"></span> internal manag<span class=\"_ _0\"></span>ement pur<span class=\"ws1\">-</span>poses (see Note 6 <span class=\"_ _0\"></span>\u2018Reportable segments<span class=\"_ _0\"></span>\u2019).At the end of 202<span class=\"_ _0\"></span>2, the impairment test f<span class=\"_ _0\"></span>or g<span class=\"_ _0\"></span>oodwill w<span class=\"_ _0\"></span>as performed for<span class=\"_ _0\"></span> the cash-gener<span class=\"_ _0\"></span>ating units HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions and Digital Print &amp; Chemicals. <span class=\"_ _2\"></span>\ue618e goodwill belonging to the cash-g<span class=\"_ _0\"></span>enerating unit O\ue614set Solutions <span class=\"_ _0\"></span>was alr<span class=\"_ _0\"></span>eady fully impair<span class=\"_ _0\"></span>ed in former <span class=\"_ _0\"></span>years.\ue618e impairment testing has been carrie<span class=\"_ _0\"></span>d out by comparing the carryin<span class=\"_ _0\"></span>g amount of each cash-gener<span class=\"_ _2\"></span>ating unit to its recover<span class=\"_ _0\"></span><span class=\"ws1\">-</span>able amount. <span class=\"_ _2\"></span>\ue618e recover<span class=\"_ _0\"></span>able amount of the CGU has been determined based upon a <span class=\"_ _0\"></span>value in use calcula<span class=\"_ _0\"></span>tion. <span class=\"_ _2\"></span>\ue618e value in use is determined as the present v<span class=\"_ _2\"></span>alue of estimated future cash \ue617ows th<span class=\"_ _0\"></span>at are derived fr<span class=\"_ _0\"></span>om the current long-term planning of the Group.<span class=\"_ _2\"></span> \ue618e discount ra<span class=\"_ _0\"></span>te used in calculating the present <span class=\"_ _0\"></span>value of the estima<span class=\"_ _0\"></span>ted future cash \ue617o<span class=\"_ _0\"></span>ws, is base<span class=\"_ _0\"></span>d on an aver<span class=\"_ _2\"></span>age market participant<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>ACC).\ue618e W<span class=\"_ _2\"></span>ACC considers a de<span class=\"_ _0\"></span>bt/<span class=\"_ _2\"></span>equity ratio for<span class=\"_ _2\"></span> an average m<span class=\"_ _0\"></span>arket\u2019<span class=\"_ _1\"></span>s participant increase<span class=\"_ _0\"></span>d with an additional risk<span class=\"_ _0\"></span> premium to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on the conditions on which compar<span class=\"_ _2\"></span>able companies can obtain long-term \ue615nancing.\ue618e discount rate is calcul<span class=\"_ _0\"></span>ated for<span class=\"_ _0\"></span> each cash-g<span class=\"_ _0\"></span>enerating unit independently<span class=\"_ _1\"></span>, considering the debt/<span class=\"_ _2\"></span>equity ratio of e<span class=\"_ _0\"></span>ach peer group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e pre-tax discount rates are deriv<span class=\"_ _0\"></span>ed from the W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC by me<span class=\"_ _0\"></span>ans of iteration.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1 CGU Agfa HealthC<span class=\"_ _0\"></span>are ITAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU <span class=\"_ _0\"></span>Agfa HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> comprises goodwill of 21<span class=\"_ _0\"></span>7 million Euro<span class=\"_ _2\"></span>. At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _2\"></span> the Group tested its goodwill of HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Agfa He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> has been determined based on estimated cash \ue617o<span class=\"_ _0\"></span>w projections cov<span class=\"_ _0\"></span>ering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years a terminal <span class=\"_ _0\"></span>value is computed usin<span class=\"_ _0\"></span>g a growth r<span class=\"_ _2\"></span>ate in the division Information <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>echnolo<span class=\"ws1\">-</span>gies (IT<span class=\"_ _0\"></span> Solutions) of 1.5%. <span class=\"_ _2\"></span>\ue618ese growth ra<span class=\"_ _0\"></span>tes are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _0\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 10<span class=\"_ _0\"></span>.15% (20<span class=\"_ _0\"></span>21: 7<span class=\"_ _0\"></span>.91%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.43% (2021: 9.51%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 1.5% for IT<span class=\"_ _0\"></span> Solutions (2021: 1.5%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.Sensitivity analy<span class=\"_ _0\"></span>ses on changes in k<span class=\"_ _0\"></span>ey assumptions,<span class=\"_ _0\"></span> i.e<span class=\"_ _2\"></span>. substantial changes in <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC,<span class=\"_ _0\"></span> have been performe<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e sensi<span class=\"ws1\">-</span>tivity analy<span class=\"_ _0\"></span>sis was b<span class=\"_ _0\"></span>ased on a 100 basis point incr<span class=\"_ _0\"></span>ease in the w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age cost of capital. <span class=\"_ _0\"></span>\ue618ese sensitivity analy<span class=\"_ _0\"></span>ses have not r<span class=\"_ _0\"></span>eveale<span class=\"_ _0\"></span>d any risk<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment loss. Based upon these sensitiv<span class=\"_ _0\"></span>ity analyses,<span class=\"_ _0\"></span> management is of the opinion tha<span class=\"_ _0\"></span>t a reason<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> possible change in one of these key assumptions <span class=\"_ _0\"></span>would not trigger<span class=\"_ _0\"></span> an impairment loss to occur<span class=\"_ _2\"></span>.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.2 CGU Radiology SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the g<span class=\"_ _0\"></span>oodwill belonging to the CGU Ra<span class=\"_ _0\"></span>diology Solutions w<span class=\"_ _0\"></span>as fully impaire<span class=\"_ _0\"></span>d. Due to a substantially incr<span class=\"_ _0\"></span>eased W<span class=\"_ _1\"></span>ACC in combination with a re<span class=\"_ _0\"></span>duced \ue615ve-ye<span class=\"_ _0\"></span>ar business pl<span class=\"_ _0\"></span>an, the calculate<span class=\"_ _0\"></span>d value in use of the CGU was lo<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> than its carrying amount and an impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.<span class=\"ff74 ws1\"> </span>\ue618e Group r<span class=\"_ _0\"></span>ecognized an imp<span class=\"_ _0\"></span>air<span class=\"ws1\">-</span>ment loss of 70 million Eur<span class=\"_ _0\"></span>o on goodwill and 3 million Eur<span class=\"_ _0\"></span>o on intangible assets in other<span class=\"_ _0\"></span> operatin<span class=\"_ _0\"></span>g expenses (Note 9).\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Radiology Solutions has been determined based on estim<span class=\"_ _0\"></span>ated cash \ue617ow pr<span class=\"_ _0\"></span>ojections covering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years,<span class=\"_ _0\"></span> a terminal v<span class=\"_ _0\"></span>alue is computed using a w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age growth r<span class=\"_ _0\"></span>ate of minus 3.87%. \ue618ese growth r<span class=\"_ _2\"></span>ates are derived from r<span class=\"_ _0\"></span>espective market inf<span class=\"_ _0\"></span>ormation. \ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 9.<span class=\"_ _2\"></span>79% (2021: 7<span class=\"_ _2\"></span>.94%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 13.18% (20<span class=\"_ _0\"></span>21: 9.67%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">weighted a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e terminal gro<span class=\"_ _0\"></span>wth rate (<span class=\"_ _2\"></span>after \ue615ve y<span class=\"_ _0\"></span>ears): minus 3.87% (2<span class=\"_ _0\"></span>021: minus 0.1<span class=\"_ _0\"></span>9%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">silver: 20<span class=\"_ _0\"></span>.5 USD/T<span class=\"_ _2\"></span>roz.<span class=\"_ _2\"></span> (2021: 25 USD/T<span class=\"_ _2\"></span>roz.);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.3 CGU Digital Print &amp; ChemicalsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU Digital Print &amp; Chemicals comprises g<span class=\"_ _0\"></span>oodwill of 2 million Euro<span class=\"_ _2\"></span>. <span class=\"_ _56\"></span><span class=\"ws1\"> </span>At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group tested its g<span class=\"_ _0\"></span>oodwill of Digital Print &amp; Chemicals for<span class=\"_ _0\"></span> impairment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.<span class=\"_ _2\"></span> \ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Digital Print &amp; Chemicals has been determined based on es<span class=\"_ _0\"></span>timated cash \ue617ow projections co<span class=\"_ _0\"></span>vering the ne<span class=\"_ _0\"></span>xt \ue615ve ye<span class=\"_ _0\"></span>ars. <span class=\"_ _2\"></span>\ue618e estimated cash \ue617ow pr<span class=\"_ _0\"></span>ojections are based upon the str<span class=\"_ _2\"></span>ategic busi<span class=\"ws1\">-</span>ness plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Directors. <span class=\"_ _0\"></span>After \ue615v<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ars, a terminal v<span class=\"_ _2\"></span>alue is computed using a growth r<span class=\"_ _0\"></span>ate in the division of 5%. <span class=\"_ _2\"></span>\ue618ese growth r<span class=\"_ _0\"></span>ates are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _2\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment. Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">after-tax W<span class=\"_ _1\"></span>ACC: 10.43% </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.86% ;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 5%;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.4 CGU O\ue61eset SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU O\ue614set Solutions comprises no g<span class=\"_ _0\"></span>oodwill. 2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.2 Impairment tests for intangible assets with inde\ue61fnite useful livesAt ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group has no intangible assets <span class=\"_ _0\"></span>with inde\ue615nite useful lives on its b<span class=\"_ _0\"></span>alance sheet.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.3 Useful lives of intangible assets with \ue61fnite useful lives\ue618e useful life of an intangible asset is the period ov<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>hich the asset is expected to contribute dir<span class=\"_ _0\"></span>ectly or indir<span class=\"_ _0\"></span>ectly to the future cash \ue617ow<span class=\"_ _0\"></span>s of the Group.<span class=\"_ _0\"></span> Acquire<span class=\"_ _0\"></span>d technology and customer r<span class=\"_ _0\"></span>elationships are the most cr<span class=\"_ _0\"></span>ucial recognize<span class=\"_ _0\"></span>d intangible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es for the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or acquir<span class=\"_ _0\"></span>ed technology<span class=\"_ _2\"></span>, the estimation of the r<span class=\"_ _0\"></span>emaining useful life is b<span class=\"_ _0\"></span>ased on the analysis of factors such as t<span class=\"_ _0\"></span>ypical product life cycles in the industry and technological and commer<span class=\"_ _0\"></span>cial obsolescence arising mainly from e<span class=\"_ _0\"></span>xpected actions by competitors or<span class=\"_ _2\"></span> potential competitors.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology amounted to 21 million Euro (2<span class=\"_ _0\"></span>021: 0 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618is technolog<span class=\"_ _22\"></span>y w<span class=\"_ _2\"></span>as acquired in the business combination of Inca Digital Printers (see N<span class=\"_ _0\"></span>ote 19.1). <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology has an estim<span class=\"_ _0\"></span>ated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of appro<span class=\"_ _0\"></span>ximately nine y<span class=\"_ _0\"></span>ears. <span class=\"_ _2\"></span>\ue618e useful lives are periodically<span class=\"_ _0\"></span> reviewe<span class=\"_ _0\"></span>d and revised if necessary<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> acquired contractu<span class=\"_ _0\"></span>al customer r<span class=\"_ _0\"></span>elationships, the es<span class=\"_ _0\"></span>timated rem<span class=\"_ _0\"></span>aining useful life is assessed b<span class=\"_ _0\"></span>y refer<span class=\"_ _0\"></span>ence to customer attrition ra<span class=\"_ _0\"></span>tes. F<span class=\"_ _0\"></span>or the es<span class=\"_ _0\"></span>timation of appropriate customer<span class=\"_ _2\"></span> attrition rates, the Gr<span class=\"_ _0\"></span>oup assesses the prob<span class=\"_ _0\"></span>ability that e<span class=\"_ _0\"></span>xisting contracts <span class=\"_ _0\"></span>will be renegoti<span class=\"_ _0\"></span>ated. F<span class=\"_ _2\"></span>or the assessment of the proba<span class=\"_ _0\"></span>bility that e<span class=\"_ _0\"></span>xisting contra<span class=\"_ _0\"></span>cts can be renegotiate<span class=\"_ _0\"></span>d, demand as well as competition and other<span class=\"_ _0\"></span> factors such as technological lock<span class=\"_ _2\"></span>-in and relate<span class=\"_ _0\"></span>d sunk costs ar<span class=\"_ _0\"></span>e of importance.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s remaining acquired contr<span class=\"_ _2\"></span>actual customer re<span class=\"_ _0\"></span>lationships amount to 1 mil<span class=\"ws1\">-</span>lion Euro (20<span class=\"_ _2\"></span>21: 9 million Euro). <span class=\"_ _0\"></span>An impairment loss amounting to 3 million Eur<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>as recognized on cus<span class=\"_ _0\"></span>tomer re<span class=\"_ _0\"></span>lation<span class=\"ws1\">-</span>ships belonging to the Radiology business segment as a r<span class=\"_ _0\"></span>esult of the impairment testing performe<span class=\"_ _0\"></span>d during 202<span class=\"_ _0\"></span>2. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired contr<span class=\"_ _0\"></span>actual customer<span class=\"_ _2\"></span> relationships have an es<span class=\"_ _0\"></span>timated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of ap<span class=\"ws1\">-</span>proxima<span class=\"_ _0\"></span>tely \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> \ue618e usef<span class=\"_ _0\"></span>ul lives are periodically r<span class=\"_ _0\"></span>eviewed and r<span class=\"_ _0\"></span>evised if necessary<span class=\"_ _2\"></span>.While the Group believes th<span class=\"_ _0\"></span>at the assumptions (such as a<span class=\"_ _0\"></span>ttrition rates and pr<span class=\"_ _0\"></span>oduct life cycles) used f<span class=\"_ _0\"></span>or the determination of the useful lives of aforementioned intan<span class=\"_ _0\"></span>gibles are appropriate<span class=\"_ _2\"></span>, signi\ue615cant di\ue614erences in actual e<span class=\"_ _0\"></span>xperience would a\ue614ect the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s future amortization expense<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__61-1": {
   "value": ".\ue680 <span class=\"_ _22\"></span>GOODWILL AND INT<span class=\"_ _2\"></span>ANGIBLE ASSETSIntangible assetsInde\ue614nite useful Finite useful liveslivesMILLION EUROCost at December 31, 2020<span class=\"_ _1bf\"> </span>349<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>4<span class=\"_ _cc\"> </span>42<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>126<span class=\"_ _ae\"> </span>58<span class=\"_ _31\"> </span>627Exchange di\ue615erences<span class=\"_ _23b\"> </span>\ue61f\ue61e<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _88\"> </span>\ue61f<span class=\"_ _8b\"> </span>\ue616<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue61bBusiness combinations additions<span class=\"_ _1c3\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue61dDisposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _183\"> </span>(\ue617)<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue616)<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2021<span class=\"_ _1bf\"> </span>370<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>38<span class=\"_ _ae\"> </span>47<span class=\"_ _88\"> </span>4<span class=\"_ _c7\"> </span>128<span class=\"_ _ae\"> </span>54<span class=\"_ _a0\"> </span><span class=\"ffb\">-<span class=\"_ _cc\"> </span></span>644Exchange di\ue615erences<span class=\"_ _2b7\"> </span>\ue61b<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61a<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fBusiness combinations additions<span class=\"_ _180\"> </span>\ue61f<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a3\"> </span>\ue61f\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _2d1\"> </span>\ue61f<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _182\"> </span>\ue61f\ue617CHP certi\ue614cates and emission rights (non-cash)<span class=\"_ _286\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61f)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61f)Capital expenditures<span class=\"_ _3d\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8b\"> </span>\ue619<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Disposals and retirements<span class=\"_ _b7\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _183\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue61c)Construction in progress put into use<span class=\"_ _189\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Cost at December 31, 2022<span class=\"_ _1bf\"> </span>379<span class=\"_ _2e\"> </span>-<span class=\"_ _8b\"> </span>2<span class=\"_ _cc\"> </span>61<span class=\"_ _ae\"> </span>43<span class=\"_ _88\"> </span>5<span class=\"_ _c7\"> </span>131<span class=\"_ _ae\"> </span>58<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>679Accumulated amortization and impairment losses  (84)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(4)<span class=\"_ _100\"> </span>(42)<span class=\"_ _9e\"> </span>(31)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(123)<span class=\"_ _9e\"> </span>(55)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(342)December 31, 2020Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue617)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61f)<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _8b\"> </span>\ue61d<span class=\"_ _a0\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue616)<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61f)<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a0\"> </span>-<span class=\"_ _93\"> </span>(\ue619)Impairment loss during the year<span class=\"_ _1f5\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _da\"> </span>-Disposals and retirements<span class=\"_ _1b7\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _2d1\"> </span>\ue617<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue61f<span class=\"_ _50\"> </span>\ue61f<span class=\"_ _a0\"> </span>-<span class=\"_ _182\"> </span>\ue61d\ue61fReclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (90)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(38)<span class=\"_ _9e\"> </span>(39)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(126)<span class=\"_ _9e\"> </span>(52)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(351)December 31, 2021Exchange di\ue615erences<span class=\"_ _14d\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _a0\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue618)Business combinations divestment<span class=\"_ _b0\"> </span>-<span class=\"_ _257\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Amortization during the year<span class=\"_ _2dd\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _181\"> </span>(\ue61d)<span class=\"_ _8f\"> </span>(\ue618)<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>(\ue61d)<span class=\"_ _a5\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _93\"> </span>(\ue61b)Impairment loss during the year<span class=\"_ _2bb\"> </span>(\ue619\ue61e)<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _183\"> </span>(\ue619\ue61a)Disposals and retirements<span class=\"_ _2cd\"> </span>\ue61f<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _8b\"> </span>\ue618<span class=\"_ _2d1\"> </span>\ue61d<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _8d\"> </span>\ue619Reclasses<span class=\"_ _2dc\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _af\"> </span>-Accumulated amortization and impairment losses  (160)<span class=\"_ _2e\"> </span>-<span class=\"_ _9f\"> </span>(2)<span class=\"_ _100\"> </span>(39)<span class=\"_ _9e\"> </span>(42)<span class=\"_ _296\"> </span>(4)<span class=\"_ _181\"> </span>(130)<span class=\"_ _9e\"> </span>(54)<span class=\"_ _a0\"> </span>-<span class=\"_ _d3\"> </span>(431)December 31, 2022Carrying amount December 31, 2020<span class=\"_ _2de\"> </span>265<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span>-<span class=\"_ _ae\"> </span>12<span class=\"_ _9f\"> </span>-<span class=\"_ _50\"> </span>4<span class=\"_ _8b\"> </span>3<span class=\"_ _a0\"> </span>-<span class=\"_ _cc\"> </span>284Carrying amount December 31, 2021<span class=\"_ _2de\"> </span>280<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _9f\"> </span><span class=\"ffb\">-<span class=\"_ _50\"> </span></span>9-<span class=\"_ _8b\"> </span>2<span class=\"_ _8b\"> </span>2<span class=\"_ _26d\"> </span><span class=\"ffb\">-<span class=\"_ _186\"> </span></span>293Carrying amount December 31, 2022<span class=\"_ _2de\"> </span>218<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _a3\"> </span>21<span class=\"_ _8b\"> </span>1<span class=\"_ _2d1\"> </span>1<span class=\"_ _8b\"> </span>1<span class=\"_ _8b\"> </span>5<span class=\"_ _26d\"> </span>-<span class=\"_ _186\"> </span>248In 2022,<span class=\"_ _2\"></span> the cash relevant capital expenditur<span class=\"_ _0\"></span>es for intan<span class=\"_ _0\"></span>gible assets amount to 7 million Euro (20<span class=\"_ _2\"></span>21: 1 million Euro) and mainly rel<span class=\"_ _0\"></span>ate to softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, licences and emission rig<span class=\"_ _0\"></span>hts. Business combinations a<span class=\"_ _0\"></span>dditions in 2022 r<span class=\"_ _0\"></span>elate to the acquisition<span class=\"_ _0\"></span> of Inca (see Note 19.1).At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group does not hold intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives for<span class=\"_ _2\"></span> impairment. <span class=\"_ _0\"></span>\ue618e Group has assessed whether<span class=\"_ _2\"></span> there was an indication of imp<span class=\"_ _0\"></span>airment for intangible as<span class=\"_ _0\"></span>sets with \ue615nite useful lives.<span class=\"_ _2\"></span> \ue618ese tests did result in the recordin<span class=\"_ _0\"></span>g of an impairment loss in the business segment of Radiology Solutions (see Note 2<span class=\"_ _2\"></span>7.1.2).\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s management has r<span class=\"_ _0\"></span>eviewed the appr<span class=\"_ _0\"></span>opriateness of the useful lives of its ma<span class=\"_ _0\"></span>jor intangible assets a<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar-end 2022.<span class=\"_ _2\"></span> \ue618is review<span class=\"_ _0\"></span> has not resulted in r<span class=\"_ _0\"></span>evised amortization periods for<span class=\"_ _2\"></span> intangible assets belong to HealthCare IT<span class=\"_ _1\"></span>, Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.More information on the underly<span class=\"_ _0\"></span>ing assumptions of the useful lives is pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d in section 27<span class=\"_ _2\"></span>.3 of this Note.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 Impairment tests for goo<span class=\"_ _22\"></span>dwillFor<span class=\"_ _2\"></span> the \ue615nancial statements of the Group,<span class=\"_ _0\"></span> goodwill is tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment annually and whenev<span class=\"_ _0\"></span>er ther<span class=\"_ _0\"></span>e is an indication of impairment. F<span class=\"_ _2\"></span>or the purpose of impairment testing<span class=\"_ _0\"></span>, goodw<span class=\"_ _0\"></span>ill is allocated to a cash-gener<span class=\"_ _0\"></span>ating unit (CGU).In line with the de\ue615nition of cash-gener<span class=\"_ _2\"></span>ating units, the management of the Group h<span class=\"_ _0\"></span>as identi\ue615ed the reportable segments as the cash-gener<span class=\"_ _0\"></span>ating units, i.<span class=\"_ _2\"></span>e. He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions, Digital Print &amp; Chemicals and O\ue614set Solutions.<span class=\"_ _2\"></span> \ue618e operatin<span class=\"_ _0\"></span>g segment is the lowest lev<span class=\"_ _0\"></span>el within the Gr<span class=\"_ _0\"></span>oup at which the goodw<span class=\"_ _0\"></span>ill is monitored for<span class=\"_ _0\"></span> internal manag<span class=\"_ _0\"></span>ement pur<span class=\"ws1\">-</span>poses (see Note 6 <span class=\"_ _0\"></span>\u2018Reportable segments<span class=\"_ _0\"></span>\u2019).At the end of 202<span class=\"_ _0\"></span>2, the impairment test f<span class=\"_ _0\"></span>or g<span class=\"_ _0\"></span>oodwill w<span class=\"_ _0\"></span>as performed for<span class=\"_ _0\"></span> the cash-gener<span class=\"_ _0\"></span>ating units HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> Radiology Solutions and Digital Print &amp; Chemicals. <span class=\"_ _2\"></span>\ue618e goodwill belonging to the cash-g<span class=\"_ _0\"></span>enerating unit O\ue614set Solutions <span class=\"_ _0\"></span>was alr<span class=\"_ _0\"></span>eady fully impair<span class=\"_ _0\"></span>ed in former <span class=\"_ _0\"></span>years.\ue618e impairment testing has been carrie<span class=\"_ _0\"></span>d out by comparing the carryin<span class=\"_ _0\"></span>g amount of each cash-gener<span class=\"_ _2\"></span>ating unit to its recover<span class=\"_ _0\"></span><span class=\"ws1\">-</span>able amount. <span class=\"_ _2\"></span>\ue618e recover<span class=\"_ _0\"></span>able amount of the CGU has been determined based upon a <span class=\"_ _0\"></span>value in use calcula<span class=\"_ _0\"></span>tion. <span class=\"_ _2\"></span>\ue618e value in use is determined as the present v<span class=\"_ _2\"></span>alue of estimated future cash \ue617ows th<span class=\"_ _0\"></span>at are derived fr<span class=\"_ _0\"></span>om the current long-term planning of the Group.<span class=\"_ _2\"></span> \ue618e discount ra<span class=\"_ _0\"></span>te used in calculating the present <span class=\"_ _0\"></span>value of the estima<span class=\"_ _0\"></span>ted future cash \ue617o<span class=\"_ _0\"></span>ws, is base<span class=\"_ _0\"></span>d on an aver<span class=\"_ _2\"></span>age market participant<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>ACC).\ue618e W<span class=\"_ _2\"></span>ACC considers a de<span class=\"_ _0\"></span>bt/<span class=\"_ _2\"></span>equity ratio for<span class=\"_ _2\"></span> an average m<span class=\"_ _0\"></span>arket\u2019<span class=\"_ _1\"></span>s participant increase<span class=\"_ _0\"></span>d with an additional risk<span class=\"_ _0\"></span> premium to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on the conditions on which compar<span class=\"_ _2\"></span>able companies can obtain long-term \ue615nancing.\ue618e discount rate is calcul<span class=\"_ _0\"></span>ated for<span class=\"_ _0\"></span> each cash-g<span class=\"_ _0\"></span>enerating unit independently<span class=\"_ _1\"></span>, considering the debt/<span class=\"_ _2\"></span>equity ratio of e<span class=\"_ _0\"></span>ach peer group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e pre-tax discount rates are deriv<span class=\"_ _0\"></span>ed from the W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC by me<span class=\"_ _0\"></span>ans of iteration.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1 CGU Agfa HealthC<span class=\"_ _0\"></span>are ITAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU <span class=\"_ _0\"></span>Agfa HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> comprises goodwill of 21<span class=\"_ _0\"></span>7 million Euro<span class=\"_ _2\"></span>. At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _2\"></span> the Group tested its goodwill of HealthC<span class=\"_ _0\"></span>are IT<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Agfa He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> has been determined based on estimated cash \ue617o<span class=\"_ _0\"></span>w projections cov<span class=\"_ _0\"></span>ering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years a terminal <span class=\"_ _0\"></span>value is computed usin<span class=\"_ _0\"></span>g a growth r<span class=\"_ _2\"></span>ate in the division Information <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>echnolo<span class=\"ws1\">-</span>gies (IT<span class=\"_ _0\"></span> Solutions) of 1.5%. <span class=\"_ _2\"></span>\ue618ese growth ra<span class=\"_ _0\"></span>tes are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _0\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 10<span class=\"_ _0\"></span>.15% (20<span class=\"_ _0\"></span>21: 7<span class=\"_ _0\"></span>.91%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.43% (2021: 9.51%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 1.5% for IT<span class=\"_ _0\"></span> Solutions (2021: 1.5%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.Sensitivity analy<span class=\"_ _0\"></span>ses on changes in k<span class=\"_ _0\"></span>ey assumptions,<span class=\"_ _0\"></span> i.e<span class=\"_ _2\"></span>. substantial changes in <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC,<span class=\"_ _0\"></span> have been performe<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e sensi<span class=\"ws1\">-</span>tivity analy<span class=\"_ _0\"></span>sis was b<span class=\"_ _0\"></span>ased on a 100 basis point incr<span class=\"_ _0\"></span>ease in the w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age cost of capital. <span class=\"_ _0\"></span>\ue618ese sensitivity analy<span class=\"_ _0\"></span>ses have not r<span class=\"_ _0\"></span>eveale<span class=\"_ _0\"></span>d any risk<span class=\"_ _0\"></span> for imp<span class=\"_ _0\"></span>airment loss. Based upon these sensitiv<span class=\"_ _0\"></span>ity analyses,<span class=\"_ _0\"></span> management is of the opinion tha<span class=\"_ _0\"></span>t a reason<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> possible change in one of these key assumptions <span class=\"_ _0\"></span>would not trigger<span class=\"_ _0\"></span> an impairment loss to occur<span class=\"_ _2\"></span>.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.2 CGU Radiology SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the g<span class=\"_ _0\"></span>oodwill belonging to the CGU Ra<span class=\"_ _0\"></span>diology Solutions w<span class=\"_ _0\"></span>as fully impaire<span class=\"_ _0\"></span>d. Due to a substantially incr<span class=\"_ _0\"></span>eased W<span class=\"_ _1\"></span>ACC in combination with a re<span class=\"_ _0\"></span>duced \ue615ve-ye<span class=\"_ _0\"></span>ar business pl<span class=\"_ _0\"></span>an, the calculate<span class=\"_ _0\"></span>d value in use of the CGU was lo<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> than its carrying amount and an impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.<span class=\"ff74 ws1\"> </span>\ue618e Group r<span class=\"_ _0\"></span>ecognized an imp<span class=\"_ _0\"></span>air<span class=\"ws1\">-</span>ment loss of 70 million Eur<span class=\"_ _0\"></span>o on goodwill and 3 million Eur<span class=\"_ _0\"></span>o on intangible assets in other<span class=\"_ _0\"></span> operatin<span class=\"_ _0\"></span>g expenses (Note 9).\ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Radiology Solutions has been determined based on estim<span class=\"_ _0\"></span>ated cash \ue617ow pr<span class=\"_ _0\"></span>ojections covering the next \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e estimated cash \ue617ow<span class=\"_ _0\"></span> projections are base<span class=\"_ _0\"></span>d upon the stra<span class=\"_ _0\"></span>tegic business plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Board of Dir<span class=\"_ _0\"></span>ectors. After<span class=\"_ _2\"></span> \ue615ve years,<span class=\"_ _0\"></span> a terminal v<span class=\"_ _0\"></span>alue is computed using a w<span class=\"_ _0\"></span>eighted aver<span class=\"_ _2\"></span>age growth r<span class=\"_ _0\"></span>ate of minus 3.87%. \ue618ese growth r<span class=\"_ _2\"></span>ates are derived from r<span class=\"_ _0\"></span>espective market inf<span class=\"_ _0\"></span>ormation. \ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment.Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">after-tax <span class=\"_ _0\"></span>W<span class=\"_ _2\"></span>ACC: 9.<span class=\"_ _2\"></span>79% (2021: 7<span class=\"_ _2\"></span>.94%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 13.18% (20<span class=\"_ _0\"></span>21: 9.67%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">weighted a<span class=\"_ _0\"></span>verag<span class=\"_ _0\"></span>e terminal gro<span class=\"_ _0\"></span>wth rate (<span class=\"_ _2\"></span>after \ue615ve y<span class=\"_ _0\"></span>ears): minus 3.87% (2<span class=\"_ _0\"></span>021: minus 0.1<span class=\"_ _0\"></span>9%);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">silver: 20<span class=\"_ _0\"></span>.5 USD/T<span class=\"_ _2\"></span>roz.<span class=\"_ _2\"></span> (2021: 25 USD/T<span class=\"_ _2\"></span>roz.);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 (20<span class=\"_ _2\"></span>21: 1.13);</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.3 CGU Digital Print &amp; ChemicalsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU Digital Print &amp; Chemicals comprises g<span class=\"_ _0\"></span>oodwill of 2 million Euro<span class=\"_ _2\"></span>. <span class=\"_ _56\"></span><span class=\"ws1\"> </span>At ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group tested its g<span class=\"_ _0\"></span>oodwill of Digital Print &amp; Chemicals for<span class=\"_ _0\"></span> impairment.Based on the assumptions used,<span class=\"_ _2\"></span> the calculated value in use of the CGU w<span class=\"_ _2\"></span>as higher than its carrying amount and no impair<span class=\"_ _0\"></span><span class=\"ws1\">-</span>ment loss w<span class=\"_ _0\"></span>as recognized.<span class=\"_ _2\"></span> \ue618e v<span class=\"_ _0\"></span>alue in use of the CGU Digital Print &amp; Chemicals has been determined based on es<span class=\"_ _0\"></span>timated cash \ue617ow projections co<span class=\"_ _0\"></span>vering the ne<span class=\"_ _0\"></span>xt \ue615ve ye<span class=\"_ _0\"></span>ars. <span class=\"_ _2\"></span>\ue618e estimated cash \ue617ow pr<span class=\"_ _0\"></span>ojections are based upon the str<span class=\"_ _2\"></span>ategic busi<span class=\"ws1\">-</span>ness plan formally appr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Directors. <span class=\"_ _0\"></span>After \ue615v<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ars, a terminal v<span class=\"_ _2\"></span>alue is computed using a growth r<span class=\"_ _0\"></span>ate in the division of 5%. <span class=\"_ _2\"></span>\ue618ese growth r<span class=\"_ _0\"></span>ates are derived fr<span class=\"_ _0\"></span>om respective mark<span class=\"_ _2\"></span>et information.\ue618e main assumptions used in the annual imp<span class=\"_ _0\"></span>airment test are determined b<span class=\"_ _0\"></span>y the reportable segment<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s key m<span class=\"_ _0\"></span>anagement and are based on p<span class=\"_ _0\"></span>ast performance and manag<span class=\"_ _0\"></span>ement\u2019<span class=\"_ _2\"></span>s e<span class=\"_ _0\"></span>xpectations for<span class=\"_ _0\"></span> the market deve<span class=\"_ _0\"></span>lopment. Key assumptions ar<span class=\"_ _0\"></span>e: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">after-tax W<span class=\"_ _1\"></span>ACC: 10.43% </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">pre-tax discount r<span class=\"_ _0\"></span>ate: 12.86% ;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminal grow<span class=\"_ _0\"></span>th rate (<span class=\"_ _2\"></span>after \ue615ve ye<span class=\"_ _2\"></span>ars): 5%;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge ra<span class=\"_ _0\"></span>te USD/E<span class=\"_ _0\"></span>uro: 1.05 </span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws15\">revenue and gr<span class=\"_ _0\"></span>oss margin: rev<span class=\"_ _0\"></span>enue and gross margin r<span class=\"_ _0\"></span>e\ue617ect management<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s best expectations,<span class=\"_ _2\"></span> based on past experience</span></span>and taken into account the speci\ue615c business risk<span class=\"_ _0\"></span>s.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1.4 CGU O\ue61eset SolutionsAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the carrying amount of the CGU O\ue614set Solutions comprises no g<span class=\"_ _0\"></span>oodwill. 2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.2 Impairment tests for intangible assets with inde\ue61fnite useful livesAt ye<span class=\"_ _2\"></span>ar-end 2022,<span class=\"_ _0\"></span> the Group has no intangible assets <span class=\"_ _0\"></span>with inde\ue615nite useful lives on its b<span class=\"_ _0\"></span>alance sheet.2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.3 Useful lives of intangible assets with \ue61fnite useful lives\ue618e useful life of an intangible asset is the period ov<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>hich the asset is expected to contribute dir<span class=\"_ _0\"></span>ectly or indir<span class=\"_ _0\"></span>ectly to the future cash \ue617ow<span class=\"_ _0\"></span>s of the Group.<span class=\"_ _0\"></span> Acquire<span class=\"_ _0\"></span>d technology and customer r<span class=\"_ _0\"></span>elationships are the most cr<span class=\"_ _0\"></span>ucial recognize<span class=\"_ _0\"></span>d intangible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es for the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or acquir<span class=\"_ _0\"></span>ed technology<span class=\"_ _2\"></span>, the estimation of the r<span class=\"_ _0\"></span>emaining useful life is b<span class=\"_ _0\"></span>ased on the analysis of factors such as t<span class=\"_ _0\"></span>ypical product life cycles in the industry and technological and commer<span class=\"_ _0\"></span>cial obsolescence arising mainly from e<span class=\"_ _0\"></span>xpected actions by competitors or<span class=\"_ _2\"></span> potential competitors.At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology amounted to 21 million Euro (2<span class=\"_ _0\"></span>021: 0 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618is technolog<span class=\"_ _22\"></span>y w<span class=\"_ _2\"></span>as acquired in the business combination of Inca Digital Printers (see N<span class=\"_ _0\"></span>ote 19.1). <span class=\"_ _2\"></span>\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired technology has an estim<span class=\"_ _0\"></span>ated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of appro<span class=\"_ _0\"></span>ximately nine y<span class=\"_ _0\"></span>ears. <span class=\"_ _2\"></span>\ue618e useful lives are periodically<span class=\"_ _0\"></span> reviewe<span class=\"_ _0\"></span>d and revised if necessary<span class=\"_ _2\"></span>.For<span class=\"_ _2\"></span> acquired contractu<span class=\"_ _0\"></span>al customer r<span class=\"_ _0\"></span>elationships, the es<span class=\"_ _0\"></span>timated rem<span class=\"_ _0\"></span>aining useful life is assessed b<span class=\"_ _0\"></span>y refer<span class=\"_ _0\"></span>ence to customer attrition ra<span class=\"_ _0\"></span>tes. F<span class=\"_ _0\"></span>or the es<span class=\"_ _0\"></span>timation of appropriate customer<span class=\"_ _2\"></span> attrition rates, the Gr<span class=\"_ _0\"></span>oup assesses the prob<span class=\"_ _0\"></span>ability that e<span class=\"_ _0\"></span>xisting contracts <span class=\"_ _0\"></span>will be renegoti<span class=\"_ _0\"></span>ated. F<span class=\"_ _2\"></span>or the assessment of the proba<span class=\"_ _0\"></span>bility that e<span class=\"_ _0\"></span>xisting contra<span class=\"_ _0\"></span>cts can be renegotiate<span class=\"_ _0\"></span>d, demand as well as competition and other<span class=\"_ _0\"></span> factors such as technological lock<span class=\"_ _2\"></span>-in and relate<span class=\"_ _0\"></span>d sunk costs ar<span class=\"_ _0\"></span>e of importance.<span class=\"_ _0\"></span> At December<span class=\"_ _2\"></span> 31, 20<span class=\"_ _0\"></span>22, the net carrying amount of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s remaining acquired contr<span class=\"_ _2\"></span>actual customer re<span class=\"_ _0\"></span>lationships amount to 1 mil<span class=\"ws1\">-</span>lion Euro (20<span class=\"_ _2\"></span>21: 9 million Euro). <span class=\"_ _0\"></span>An impairment loss amounting to 3 million Eur<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>as recognized on cus<span class=\"_ _0\"></span>tomer re<span class=\"_ _0\"></span>lation<span class=\"ws1\">-</span>ships belonging to the Radiology business segment as a r<span class=\"_ _0\"></span>esult of the impairment testing performe<span class=\"_ _0\"></span>d during 202<span class=\"_ _0\"></span>2. \ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s acquired contr<span class=\"_ _0\"></span>actual customer<span class=\"_ _2\"></span> relationships have an es<span class=\"_ _0\"></span>timated weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age remaining useful life of ap<span class=\"ws1\">-</span>proxima<span class=\"_ _0\"></span>tely \ue615ve y<span class=\"_ _0\"></span>ears.<span class=\"_ _0\"></span> \ue618e usef<span class=\"_ _0\"></span>ul lives are periodically r<span class=\"_ _0\"></span>eviewed and r<span class=\"_ _0\"></span>evised if necessary<span class=\"_ _2\"></span>.While the Group believes th<span class=\"_ _0\"></span>at the assumptions (such as a<span class=\"_ _0\"></span>ttrition rates and pr<span class=\"_ _0\"></span>oduct life cycles) used f<span class=\"_ _0\"></span>or the determination of the useful lives of aforementioned intan<span class=\"_ _0\"></span>gibles are appropriate<span class=\"_ _2\"></span>, signi\ue615cant di\ue614erences in actual e<span class=\"_ _0\"></span>xperience would a\ue614ect the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s future amortization expense<span class=\"_ _2\"></span>. PROPERTY<span class=\"_ _b3\"></span>, PLANT <span class=\"_ _0\"></span>AND EQUIPMENTLand, Machinery Furniture,  Construction in progress  buildings and  and technical \ue614xtures and  and advance payments to  TOT<span class=\"_ _0\"></span>ALMILLION EUROinfrastructureequipmentother equipmentvendors and contractorsCost at December 31, 2020<span class=\"_ _c0\"> </span>320<span class=\"_ _c2\"> </span>1,407<span class=\"_ _131\"> </span>148<span class=\"_ _1f5\"> </span>14<span class=\"_ _8f\"> </span>1,889Exchange di\ue615erences<span class=\"_ _20b\"> </span>\ue617<span class=\"_ _206\"> </span>\ue61d\ue616<span class=\"_ _267\"> </span>\ue61a<span class=\"_ _1f6\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue61f\ue61aNew lease contracts<span class=\"_ _1e5\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _267\"> </span>\ue616<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue616Capital expenditures<span class=\"_ _40\"> </span>\ue61d<span class=\"_ _ea\"> </span>\ue61d\ue617<span class=\"_ _267\"> </span>\ue616<span class=\"_ _dc\"> </span>\ue616<span class=\"_ _96\"> </span>\ue61f\ue618Disposals and retirements<span class=\"_ _2a8\"> </span>(\ue61d\ue61a)<span class=\"_ _d5\"> </span>(\ue61f\ue619)<span class=\"_ _b2\"> </span>(\ue61d\ue61b)<span class=\"_ _251\"> </span>(\ue61f)<span class=\"_ _da\"> </span>(\ue617\ue61d)Construction in progress put into use<span class=\"_ _132\"> </span>-<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Reclasses<span class=\"_ _2b3\"> </span>\ue61d<span class=\"_ _246\"> </span>\ue61f<span class=\"_ _16d\"> </span>-<span class=\"_ _251\"> </span>(\ue61f)<span class=\"_ _d0\"> </span>-Cost at December 31, 2021<span class=\"_ _c0\"> </span>315<span class=\"_ _c2\"> </span>1,412<span class=\"_ _131\"> </span>139<span class=\"_ _1f5\"> </span>14<span class=\"_ _8f\"> </span>1,880Exchange di\ue615erences<span class=\"_ _20b\"> </span>\ue61f<span class=\"_ _246\"> </span>\ue616<span class=\"_ _16d\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue617New lease contracts<span class=\"_ _1e5\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _16d\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _d0\"> </span>-Capital expenditures<span class=\"_ _40\"> </span>\ue61d<span class=\"_ _ea\"> </span>\ue61d\ue617<span class=\"_ _267\"> </span>\ue616<span class=\"_ _dc\"> </span>\ue618<span class=\"_ _96\"> </span>\ue61f\ue617Business combinations additions<span class=\"_ _267\"> </span>\ue61f<span class=\"_ _ea\"> </span>\ue61d\ue61e<span class=\"_ _267\"> </span>\ue61d<span class=\"_ _23a\"> </span>-<span class=\"_ _96\"> </span>\ue61d\ue61aDisposals and retirements<span class=\"_ _2a8\"> </span>(\ue61f\ue616)<span class=\"_ _d5\"> </span>(\ue618\ue61f)<span class=\"_ _212\"> </span>(\ue616)<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _da\"> </span>(\ue61c\ue61d)Construction in progress put into use<span class=\"_ _132\"> </span>-<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Reclasses<span class=\"_ _247\"> </span>-<span class=\"_ _156\"> </span>-<span class=\"_ _c9\"> </span>\ue61f<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _cb\"> </span>\ue61fCost at December 31, 2022<span class=\"_ _c0\"> </span>297<span class=\"_ _c2\"> </span>1,390<span class=\"_ _131\"> </span>143<span class=\"_ _1f5\"> </span>16<span class=\"_ _8f\"> </span>1,846Accumulated depreciation and (287)<span class=\"_ _2b8\"> </span>(1,333)<span class=\"_ _2df\"> </span>(134)<span class=\"_ _40\"> </span>(8)<span class=\"_ _a3\"> </span>(1,762)impairment losses December 31, 2020Exchange di\ue615erences<span class=\"_ _1de\"> </span>(\ue618)<span class=\"_ _c3\"> </span>(\ue61d\ue616)<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue61d)Depreciation during the year<span class=\"_ _150\"> </span>(\ue616)<span class=\"_ _d5\"> </span>(\ue61d\ue618)<span class=\"_ _212\"> </span>(\ue61c)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue619)Impairment loss during the year<span class=\"_ _193\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _237\"> </span>(\ue61d)Disposals and retirements<span class=\"_ _290\"> </span>\ue61d\ue61d<span class=\"_ _206\"> </span>\ue61f\ue617<span class=\"_ _166\"> </span>\ue61d\ue61b<span class=\"_ _dc\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue618\ue619Reclasses<span class=\"_ _2b3\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _267\"> </span>\ue61d<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue61fAccumulated depreciation and  (283)<span class=\"_ _2b8\"> </span>(1,335)<span class=\"_ _2df\"> </span>(126)<span class=\"_ _40\"> </span>(7)<span class=\"_ _a3\"> </span>(1,751)impairment losses December 31, 2021Exchange di\ue615erences<span class=\"_ _1de\"> </span>(\ue61d)<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _212\"> </span>(\ue61d)<span class=\"_ _1e7\"> </span>-<span class=\"_ _237\"> </span>(\ue618)Depreciation during the year<span class=\"_ _150\"> </span>(\ue616)<span class=\"_ _d5\"> </span>(\ue61d\ue618)<span class=\"_ _212\"> </span>(\ue61c)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue617)Impairment loss during the year<span class=\"_ _f3\"> </span>(\ue617)<span class=\"_ _d5\"> </span>(\ue61d\ue61e)<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _a2\"> </span>(\ue619)<span class=\"_ _da\"> </span>(\ue61f\ue617)Business combinations additions<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _ec\"> </span>(\ue61b)<span class=\"_ _212\"> </span>(\ue61d)<span class=\"_ _1c2\"> </span>-<span class=\"_ _da\"> </span>(\ue61d\ue61f)Disposals and retirements<span class=\"_ _290\"> </span>\ue61f\ue616<span class=\"_ _206\"> </span>\ue618\ue61a<span class=\"_ _c9\"> </span>\ue61a<span class=\"_ _dc\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue61c\ue61eReclasses<span class=\"_ _247\"> </span>-<span class=\"_ _246\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Accumulated depreciation and  (273)<span class=\"_ _2b8\"> </span>(1,319)<span class=\"_ _2df\"> </span>(133)<span class=\"_ _180\"> </span>(14)<span class=\"_ _a3\"> </span>(1,739)impairment losses December 31, 2022Carrying amount December 31, 2020<span class=\"_ _12a\"> </span>33<span class=\"_ _ea\"> </span>74<span class=\"_ _f7\"> </span>13<span class=\"_ _1f6\"> </span>6<span class=\"_ _50\"> </span>127Carrying amount December 31, 2021<span class=\"_ _12a\"> </span>31<span class=\"_ _ea\"> </span>77<span class=\"_ _f7\"> </span>14<span class=\"_ _1f6\"> </span>7<span class=\"_ _50\"> </span>129Carrying amount December 31, 2022<span class=\"_ _12a\"> </span>24<span class=\"_ _ea\"> </span>71<span class=\"_ _f7\"> </span>10<span class=\"_ _1f6\"> </span>2<span class=\"_ _50\"> </span>107In 2022,<span class=\"_ _2\"></span> capital expenditure for pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant and equipment amount to 26 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 25 million Euro),<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> which 16 million Euro (2<span class=\"_ _0\"></span>021: 16 million Eur<span class=\"_ _0\"></span>o) re<span class=\"_ _0\"></span>lates to machinery and technical equipment, m<span class=\"_ _0\"></span>ainly in Belgium and of which 5 million Euro (20<span class=\"_ _2\"></span>21: 4 million Euro) rela<span class=\"_ _0\"></span>tes to construction in progr<span class=\"_ _0\"></span>ess mainly for<span class=\"_ _0\"></span> production e\ue616ciency<span class=\"_ _2\"></span>, m<span class=\"_ _0\"></span>aintenance and IT<span class=\"_ _2\"></span>-related projects in Belgium,<span class=\"_ _0\"></span> Germany and Br<span class=\"_ _2\"></span>asil.\ue618e Group<span class=\"_ _0\"></span>, as lessor<span class=\"_ _2\"></span>, included assets s<span class=\"_ _0\"></span>ubject to operating le<span class=\"_ _2\"></span>ases in its statement of \ue615nancial position under the caption \u2018Other<span class=\"_ _0\"></span> Equipment.<span class=\"_ _1\"></span>\u2019 At the end of December<span class=\"_ _2\"></span> 2022, the assets subject to oper<span class=\"_ _2\"></span>ating leases have a total net carryin<span class=\"_ _0\"></span>g amount of 4 million Euro (20<span class=\"_ _2\"></span>21: 6 million Euro) (see Note 44).Impairment losses on PP<span class=\"_ _2\"></span>&amp;E amount to 26 million Euro and mainly re<span class=\"_ _0\"></span>late to assets belonging to entities th<span class=\"_ _0\"></span>at are dedicated to the O\ue614set Solutions activity and ar<span class=\"_ _0\"></span>e therefore s<span class=\"_ _0\"></span>ubject to the planned disposal in 20<span class=\"_ _0\"></span>23. <span class=\"_ _2\"></span>\ue618ese assets were fully imp<span class=\"_ _0\"></span>aired as the sales price for the disposal gr<span class=\"_ _0\"></span>oup is lower<span class=\"_ _2\"></span> than the carr<span class=\"_ _22\"></span>ying amount of the disposal group<span class=\"_ _2\"></span>. More information is pro<span class=\"_ _0\"></span>vided under section 4 <span class=\"_ _0\"></span>\u2018use of estim<span class=\"_ _0\"></span>ates and judgments<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__65": {
   "value": " PROPERTY<span class=\"_ _b3\"></span>, PLANT <span class=\"_ _0\"></span>AND EQUIPMENTLand, Machinery Furniture,  Construction in progress  buildings and  and technical \ue614xtures and  and advance payments to  TOT<span class=\"_ _0\"></span>ALMILLION EUROinfrastructureequipmentother equipmentvendors and contractorsCost at December 31, 2020<span class=\"_ _c0\"> </span>320<span class=\"_ _c2\"> </span>1,407<span class=\"_ _131\"> </span>148<span class=\"_ _1f5\"> </span>14<span class=\"_ _8f\"> </span>1,889Exchange di\ue615erences<span class=\"_ _20b\"> </span>\ue617<span class=\"_ _206\"> </span>\ue61d\ue616<span class=\"_ _267\"> </span>\ue61a<span class=\"_ _1f6\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue61f\ue61aNew lease contracts<span class=\"_ _1e5\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _267\"> </span>\ue616<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue616Capital expenditures<span class=\"_ _40\"> </span>\ue61d<span class=\"_ _ea\"> </span>\ue61d\ue617<span class=\"_ _267\"> </span>\ue616<span class=\"_ _dc\"> </span>\ue616<span class=\"_ _96\"> </span>\ue61f\ue618Disposals and retirements<span class=\"_ _2a8\"> </span>(\ue61d\ue61a)<span class=\"_ _d5\"> </span>(\ue61f\ue619)<span class=\"_ _b2\"> </span>(\ue61d\ue61b)<span class=\"_ _251\"> </span>(\ue61f)<span class=\"_ _da\"> </span>(\ue617\ue61d)Construction in progress put into use<span class=\"_ _132\"> </span>-<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Reclasses<span class=\"_ _2b3\"> </span>\ue61d<span class=\"_ _246\"> </span>\ue61f<span class=\"_ _16d\"> </span>-<span class=\"_ _251\"> </span>(\ue61f)<span class=\"_ _d0\"> </span>-Cost at December 31, 2021<span class=\"_ _c0\"> </span>315<span class=\"_ _c2\"> </span>1,412<span class=\"_ _131\"> </span>139<span class=\"_ _1f5\"> </span>14<span class=\"_ _8f\"> </span>1,880Exchange di\ue615erences<span class=\"_ _20b\"> </span>\ue61f<span class=\"_ _246\"> </span>\ue616<span class=\"_ _16d\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue617New lease contracts<span class=\"_ _1e5\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _16d\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _d0\"> </span>-Capital expenditures<span class=\"_ _40\"> </span>\ue61d<span class=\"_ _ea\"> </span>\ue61d\ue617<span class=\"_ _267\"> </span>\ue616<span class=\"_ _dc\"> </span>\ue618<span class=\"_ _96\"> </span>\ue61f\ue617Business combinations additions<span class=\"_ _267\"> </span>\ue61f<span class=\"_ _ea\"> </span>\ue61d\ue61e<span class=\"_ _267\"> </span>\ue61d<span class=\"_ _23a\"> </span>-<span class=\"_ _96\"> </span>\ue61d\ue61aDisposals and retirements<span class=\"_ _2a8\"> </span>(\ue61f\ue616)<span class=\"_ _d5\"> </span>(\ue618\ue61f)<span class=\"_ _212\"> </span>(\ue616)<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _da\"> </span>(\ue61c\ue61d)Construction in progress put into use<span class=\"_ _132\"> </span>-<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Reclasses<span class=\"_ _247\"> </span>-<span class=\"_ _156\"> </span>-<span class=\"_ _c9\"> </span>\ue61f<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _cb\"> </span>\ue61fCost at December 31, 2022<span class=\"_ _c0\"> </span>297<span class=\"_ _c2\"> </span>1,390<span class=\"_ _131\"> </span>143<span class=\"_ _1f5\"> </span>16<span class=\"_ _8f\"> </span>1,846Accumulated depreciation and (287)<span class=\"_ _2b8\"> </span>(1,333)<span class=\"_ _2df\"> </span>(134)<span class=\"_ _40\"> </span>(8)<span class=\"_ _a3\"> </span>(1,762)impairment losses December 31, 2020Exchange di\ue615erences<span class=\"_ _1de\"> </span>(\ue618)<span class=\"_ _c3\"> </span>(\ue61d\ue616)<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue61d)Depreciation during the year<span class=\"_ _150\"> </span>(\ue616)<span class=\"_ _d5\"> </span>(\ue61d\ue618)<span class=\"_ _212\"> </span>(\ue61c)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue619)Impairment loss during the year<span class=\"_ _193\"> </span>-<span class=\"_ _23f\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _1c2\"> </span>-<span class=\"_ _237\"> </span>(\ue61d)Disposals and retirements<span class=\"_ _290\"> </span>\ue61d\ue61d<span class=\"_ _206\"> </span>\ue61f\ue617<span class=\"_ _166\"> </span>\ue61d\ue61b<span class=\"_ _dc\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue618\ue619Reclasses<span class=\"_ _2b3\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _267\"> </span>\ue61d<span class=\"_ _1c2\"> </span>-<span class=\"_ _cb\"> </span>\ue61fAccumulated depreciation and  (283)<span class=\"_ _2b8\"> </span>(1,335)<span class=\"_ _2df\"> </span>(126)<span class=\"_ _40\"> </span>(7)<span class=\"_ _a3\"> </span>(1,751)impairment losses December 31, 2021Exchange di\ue615erences<span class=\"_ _1de\"> </span>(\ue61d)<span class=\"_ _ec\"> </span>(\ue61a)<span class=\"_ _212\"> </span>(\ue61d)<span class=\"_ _1e7\"> </span>-<span class=\"_ _237\"> </span>(\ue618)Depreciation during the year<span class=\"_ _150\"> </span>(\ue616)<span class=\"_ _d5\"> </span>(\ue61d\ue618)<span class=\"_ _212\"> </span>(\ue61c)<span class=\"_ _1e7\"> </span>-<span class=\"_ _da\"> </span>(\ue61f\ue617)Impairment loss during the year<span class=\"_ _f3\"> </span>(\ue617)<span class=\"_ _d5\"> </span>(\ue61d\ue61e)<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _a2\"> </span>(\ue619)<span class=\"_ _da\"> </span>(\ue61f\ue617)Business combinations additions<span class=\"_ _212\"> </span>(\ue61f)<span class=\"_ _ec\"> </span>(\ue61b)<span class=\"_ _212\"> </span>(\ue61d)<span class=\"_ _1c2\"> </span>-<span class=\"_ _da\"> </span>(\ue61d\ue61f)Disposals and retirements<span class=\"_ _290\"> </span>\ue61f\ue616<span class=\"_ _206\"> </span>\ue618\ue61a<span class=\"_ _c9\"> </span>\ue61a<span class=\"_ _dc\"> </span>\ue61d<span class=\"_ _96\"> </span>\ue61c\ue61eReclasses<span class=\"_ _247\"> </span>-<span class=\"_ _246\"> </span>\ue61d<span class=\"_ _16d\"> </span>-<span class=\"_ _a2\"> </span>(\ue61d)<span class=\"_ _23e\"> </span>-Accumulated depreciation and  (273)<span class=\"_ _2b8\"> </span>(1,319)<span class=\"_ _2df\"> </span>(133)<span class=\"_ _180\"> </span>(14)<span class=\"_ _a3\"> </span>(1,739)impairment losses December 31, 2022Carrying amount December 31, 2020<span class=\"_ _12a\"> </span>33<span class=\"_ _ea\"> </span>74<span class=\"_ _f7\"> </span>13<span class=\"_ _1f6\"> </span>6<span class=\"_ _50\"> </span>127Carrying amount December 31, 2021<span class=\"_ _12a\"> </span>31<span class=\"_ _ea\"> </span>77<span class=\"_ _f7\"> </span>14<span class=\"_ _1f6\"> </span>7<span class=\"_ _50\"> </span>129Carrying amount December 31, 2022<span class=\"_ _12a\"> </span>24<span class=\"_ _ea\"> </span>71<span class=\"_ _f7\"> </span>10<span class=\"_ _1f6\"> </span>2<span class=\"_ _50\"> </span>107In 2022,<span class=\"_ _2\"></span> capital expenditure for pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant and equipment amount to 26 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 25 million Euro),<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> which 16 million Euro (2<span class=\"_ _0\"></span>021: 16 million Eur<span class=\"_ _0\"></span>o) re<span class=\"_ _0\"></span>lates to machinery and technical equipment, m<span class=\"_ _0\"></span>ainly in Belgium and of which 5 million Euro (20<span class=\"_ _2\"></span>21: 4 million Euro) rela<span class=\"_ _0\"></span>tes to construction in progr<span class=\"_ _0\"></span>ess mainly for<span class=\"_ _0\"></span> production e\ue616ciency<span class=\"_ _2\"></span>, m<span class=\"_ _0\"></span>aintenance and IT<span class=\"_ _2\"></span>-related projects in Belgium,<span class=\"_ _0\"></span> Germany and Br<span class=\"_ _2\"></span>asil.\ue618e Group<span class=\"_ _0\"></span>, as lessor<span class=\"_ _2\"></span>, included assets s<span class=\"_ _0\"></span>ubject to operating le<span class=\"_ _2\"></span>ases in its statement of \ue615nancial position under the caption \u2018Other<span class=\"_ _0\"></span> Equipment.<span class=\"_ _1\"></span>\u2019 At the end of December<span class=\"_ _2\"></span> 2022, the assets subject to oper<span class=\"_ _2\"></span>ating leases have a total net carryin<span class=\"_ _0\"></span>g amount of 4 million Euro (20<span class=\"_ _2\"></span>21: 6 million Euro) (see Note 44).Impairment losses on PP<span class=\"_ _2\"></span>&amp;E amount to 26 million Euro and mainly re<span class=\"_ _0\"></span>late to assets belonging to entities th<span class=\"_ _0\"></span>at are dedicated to the O\ue614set Solutions activity and ar<span class=\"_ _0\"></span>e therefore s<span class=\"_ _0\"></span>ubject to the planned disposal in 20<span class=\"_ _0\"></span>23. <span class=\"_ _2\"></span>\ue618ese assets were fully imp<span class=\"_ _0\"></span>aired as the sales price for the disposal gr<span class=\"_ _0\"></span>oup is lower<span class=\"_ _2\"></span> than the carr<span class=\"_ _22\"></span>ying amount of the disposal group<span class=\"_ _2\"></span>. More information is pro<span class=\"_ _0\"></span>vided under section 4 <span class=\"_ _0\"></span>\u2018use of estim<span class=\"_ _0\"></span>ates and judgments<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__67-1": {
   "value": ". RIGHT<span class=\"_ _0\"></span>\ue684OF\ue684USE ASSETSDue to the application of IFRS 16,<span class=\"_ _0\"></span> the Group \u2013 as lessee \u2013 recogniz<span class=\"_ _0\"></span>es as of 2019 right-of-use assets r<span class=\"_ _0\"></span>epresenting its right to use the underlying assets and le<span class=\"_ _0\"></span>ase liabilities repr<span class=\"_ _0\"></span>esenting its obligation to mak<span class=\"_ _0\"></span>e lease pa<span class=\"_ _0\"></span>yments. E<span class=\"_ _0\"></span>xemptions are how<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span> made for<span class=\"_ _0\"></span> short-term leases and le<span class=\"_ _0\"></span>ases of low v<span class=\"_ _0\"></span>alue items such as the major<span class=\"_ _2\"></span> part of the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s ICT<span class=\"_ _2\"></span>-equipment.\ue618e right-of-use asset is initially me<span class=\"_ _0\"></span>asured at cos<span class=\"_ _0\"></span>t and subsequently deprecia<span class=\"_ _0\"></span>ted using the str<span class=\"_ _0\"></span>aight-line method from the commencement date to the end of the lease term,<span class=\"_ _0\"></span> unless the lease tr<span class=\"_ _2\"></span>ansfers ownership of the underlying asset by the end of the lease term or<span class=\"_ _0\"></span> the cost of the right-of-use asset re\ue617ects that the Gr<span class=\"_ _0\"></span>oup will e<span class=\"_ _0\"></span>xercise a purch<span class=\"_ _0\"></span>ase option. In these cases, the right-of-use asset is deprecia<span class=\"_ _0\"></span>ted over<span class=\"_ _2\"></span> the useful life of the underlying asset, compliant w<span class=\"_ _0\"></span>ith the methodology applicable for pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant and equipment.\ue618e followin<span class=\"_ _0\"></span>g table shows a reconcili<span class=\"_ _0\"></span>ation to the closing balances a<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> for<span class=\"_ _0\"></span> the right-of-use assets, br<span class=\"_ _0\"></span>oken down by<span class=\"_ _0\"></span> category<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e Group distinguishes four<span class=\"_ _0\"></span> categories: 1) Right-of-use l<span class=\"_ _0\"></span>and, buildings and infr<span class=\"_ _0\"></span>astructure<span class=\"_ _2\"></span>, 2) Right-of-use cars, 3) Right-of-use other<span class=\"_ _2\"></span> transportation equipment, mainly r<span class=\"_ _0\"></span>elated to our<span class=\"_ _2\"></span> manufacturing organizations and 4) Right-of-use other as<span class=\"_ _0\"></span>sets.Right-of-use land, buildings, Right-of-use other  Right-of-use <span class=\"_ _3\"></span> Right-of-use carsTOT<span class=\"_ _0\"></span>ALMILLION EUROinfrastructuretransportation equipmentother assetsCost at December 31, 2020<span class=\"_ _23b\"> </span>85<span class=\"_ _ca\"> </span>39<span class=\"_ _270\"> </span>2<span class=\"_ _e8\"> </span>1<span class=\"_ _2e0\"> </span>127Exchange di\ue615erences<span class=\"_ _2c\"> </span>\ue61f<span class=\"_ _4c\"> </span>\ue61d<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue61aNew lease contracts<span class=\"_ _1a7\"> </span>\ue616<span class=\"_ _4c\"> </span>\ue617<span class=\"_ _270\"> </span>\ue61d<span class=\"_ _12e\"> </span>\ue61d<span class=\"_ _88\"> </span>\ue61d\ue61fLease revaluations<span class=\"_ _2e1\"> </span>\ue61c<span class=\"_ _e8\"> </span>(\ue61d)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _af\"> </span>\ue619Disposals and retirements<span class=\"_ _2e2\"> </span>(\ue61a)<span class=\"_ _e8\"> </span>(\ue617)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _18a\"> </span>(\ue61d\ue61e)Reclasses<span class=\"_ _2e3\"> </span>(\ue61a)<span class=\"_ _e8\"> </span>(\ue61f)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _9d\"> </span>(\ue618)Cost at December 31, 2021<span class=\"_ _23b\"> </span>93<span class=\"_ _ca\"> </span>35<span class=\"_ _270\"> </span>2<span class=\"_ _e8\"> </span>2<span class=\"_ _2e0\"> </span>132Exchange di\ue615erences<span class=\"_ _2d3\"> </span>-<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _1f3\"> </span>-New lease contracts<span class=\"_ _1a7\"> </span>\ue617<span class=\"_ _4c\"> </span>\ue61c<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _a5\"> </span>\ue61d\ue616Lease revaluations<span class=\"_ _2e4\"> </span>(\ue61a)<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _9b\"> </span>(\ue61f)Business combinations<span class=\"_ _191\"> </span>\ue61c<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue61cDisposals and retirements<span class=\"_ _2e2\"> </span>(\ue61b)<span class=\"_ _e8\"> </span>(\ue619)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _18a\"> </span>(\ue61d\ue619)Reclasses<span class=\"_ _2e3\"> </span>(\ue61d)<span class=\"_ _e8\"> </span>(\ue61d)<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _9d\"> </span>(\ue61f)Cost at December 31, 2022<span class=\"_ _23b\"> </span>94<span class=\"_ _ca\"> </span>36<span class=\"_ _270\"> </span>2<span class=\"_ _e8\"> </span>1<span class=\"_ _2e0\"> </span>134Accumulated depreciation and impairment  (32)<span class=\"_ _31\"> </span>(16)<span class=\"_ _c8\"> </span>(1)<span class=\"_ _ec\"> </span>-<span class=\"_ _296\"> </span>(49)losses December 31, 2020Exchange di\ue615erences<span class=\"_ _2c\"> </span>\ue61a<span class=\"_ _4c\"> </span>\ue61f<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue618Amortization during the year<span class=\"_ _209\"> </span>(\ue61d\ue619)<span class=\"_ _2d8\"> </span>(\ue61d\ue61d)<span class=\"_ _2bd\"> </span>(\ue61d)<span class=\"_ _2b4\"> </span>-<span class=\"_ _18a\"> </span>(\ue61f\ue61c)Impairment loss during the year<span class=\"_ _b7\"> </span>(\ue61d)<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _9d\"> </span>(\ue61d)Disposals and retirements<span class=\"_ _247\"> </span>\ue61a<span class=\"_ _4c\"> </span>\ue617<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _88\"> </span>\ue61d\ue61eReclasses<span class=\"_ _140\"> </span>-<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue61dAccumulated depreciation and impairment  (43)<span class=\"_ _31\"> </span>(18)<span class=\"_ _c8\"> </span>(1)<span class=\"_ _ec\"> </span>-<span class=\"_ _296\"> </span>(63)losses December 31, 2021Exchange di\ue615erences<span class=\"_ _2d3\"> </span>-<span class=\"_ _c6\"> </span>-<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _1f3\"> </span>-Amortization during the year<span class=\"_ _209\"> </span>(\ue61d\ue619)<span class=\"_ _2d8\"> </span>(\ue61d\ue61e)<span class=\"_ _2bd\"> </span>(\ue61d)<span class=\"_ _2b4\"> </span>-<span class=\"_ _18a\"> </span>(\ue61f\ue61c)Impairment loss during the year<span class=\"_ _2b6\"> </span>(\ue61d\ue61d)<span class=\"_ _12e\"> </span>(\ue616)<span class=\"_ _2bd\"> </span>(\ue61d)<span class=\"_ _ec\"> </span>-<span class=\"_ _181\"> </span>(\ue61d\ue618)Disposals and retirements<span class=\"_ _247\"> </span>\ue61b<span class=\"_ _4c\"> </span>\ue617<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _88\"> </span>\ue61d\ue617Reclasses<span class=\"_ _2e5\"> </span>\ue61d<span class=\"_ _4c\"> </span>\ue61d<span class=\"_ _2bb\"> </span>-<span class=\"_ _2b4\"> </span>-<span class=\"_ _99\"> </span>\ue61dAccumulated depreciation and  (62)<span class=\"_ _31\"> </span>(25)<span class=\"_ _c8\"> </span>(2)<span class=\"_ _38\"> </span>(1)<span class=\"_ _5e\"> </span>(89)impairment losses December 31, 2022Carrying amount December 31, 2021<span class=\"_ _1bd\"> </span>49<span class=\"_ _ec\"> </span>17<span class=\"_ _2e6\"> </span>1<span class=\"_ _e8\"> </span>1<span class=\"_ _a5\"> </span>68Carrying amount December 31, 2022<span class=\"_ _1bd\"> </span>32<span class=\"_ _ec\"> </span>12<span class=\"_ _2e6\"> </span>1<span class=\"_ _e8\"> </span>1<span class=\"_ _a5\"> </span>45New lease contr<span class=\"_ _2\"></span>acts concluded during 2022 amounted to 14 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 12 million Euro) and prim<span class=\"_ _0\"></span>arily rela<span class=\"_ _0\"></span>ted to buildings and cars. <span class=\"_ _2\"></span>\ue618e increase in right-of-use assets equals the incr<span class=\"_ _0\"></span>ease in le<span class=\"_ _0\"></span>ase liabilities. F<span class=\"_ _2\"></span>or additional information on the evolution of the lease lia<span class=\"_ _0\"></span>bilities, see Note 38.Lease rev<span class=\"_ _2\"></span>aluations made during 202<span class=\"_ _0\"></span>2 amounting to minus 2 million Euro (20<span class=\"_ _2\"></span>21: 7 million Euro) mainly re<span class=\"_ _0\"></span>late to contra<span class=\"_ _0\"></span>ct terminations.Business combinations amounting to 8 million E<span class=\"_ _0\"></span>uro rela<span class=\"_ _0\"></span>te to the acquisition of Inca (See note 19).In 2022,<span class=\"_ _2\"></span> impairment losses amounting to 15 million Euro (2<span class=\"_ _0\"></span>021: 1 million Eur<span class=\"_ _0\"></span>o) hav<span class=\"_ _0\"></span>e been recognized and m<span class=\"_ _0\"></span>ainly relate to assets belonging to entities tha<span class=\"_ _0\"></span>t are dedicated to the O\ue614set Solutions activ<span class=\"_ _0\"></span>ity and theref<span class=\"_ _0\"></span>ore subject to the planned disposal in 2023.<span class=\"_ _2\"></span>  \ue618ese assets wer<span class=\"_ _0\"></span>e fully impair<span class=\"_ _0\"></span>ed as the sales price for the disposal gr<span class=\"_ _0\"></span>oup is lower<span class=\"_ _2\"></span> than the carr<span class=\"_ _22\"></span>ying amount of the disposal group<span class=\"_ _0\"></span>.  More inform<span class=\"_ _0\"></span>ation is prov<span class=\"_ _0\"></span>ided under section 4 <span class=\"_ _2\"></span>\u2018Use of estimates and judgments\u2019<span class=\"_ _b3\"></span>..<span class=\"_ _0\"></span> RECEIV<span class=\"_ _2\"></span>ABLES UNDER FINANCE LEASESLease agreements in w<span class=\"_ _0\"></span>hich the other part<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, as lessee<span class=\"_ _2\"></span>, is to be regarded as the economic o<span class=\"_ _0\"></span>wner of the le<span class=\"_ _0\"></span>ased assets give rise to accounts receiv<span class=\"_ _2\"></span>able in the amount of the discounted future lease pa<span class=\"_ _0\"></span>yments. <span class=\"_ _2\"></span>\ue618ese receivables amounted to 1<span class=\"_ _0\"></span>05 million Euro as of December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>22 (2021: 102 million E<span class=\"_ _0\"></span>uro) and w<span class=\"_ _0\"></span>ill bear<span class=\"_ _0\"></span> interest income until their<span class=\"_ _0\"></span> maturity d<span class=\"_ _0\"></span>ates of 11 million Euro (20<span class=\"_ _2\"></span>21: 10 million Euro).As of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the impairment losses on the r<span class=\"_ _0\"></span>eceivables under<span class=\"_ _2\"></span> \ue615nance leases amounted to 1 million Euro (2<span class=\"_ _0\"></span>021: 2 million Euro<span class=\"_ _0\"></span>).\ue618e receiv<span class=\"_ _0\"></span>ables under \ue615n<span class=\"_ _0\"></span>ance leases can be presente<span class=\"_ _0\"></span>d as follows:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _154\"> </span><span class=\"ffc\">2022</span>T<span class=\"_ _2\"></span>otal future  Unearned Present T<span class=\"_ _2\"></span>otal future  Unearned Present MILLION EUROpaymentsinterest incomevaluepaymentsinterest incomevalueNot later than one year<span class=\"_ _28d\"> </span>\ue61a\ue617<span class=\"_ _246\"> </span>\ue616<span class=\"_ _ea\"> </span>\ue61a\ue61f<span class=\"_ _ea\"> </span>\ue61a\ue619<span class=\"_ _246\"> </span>\ue616<span class=\"_ _ea\"> </span>\ue61a\ue61aY<span class=\"_ _2\"></span>ear +\ue61f<span class=\"_ _2b7\"> </span>\ue61f\ue61c<span class=\"_ _12b\"> </span>\ue61a<span class=\"_ _206\"> </span>\ue61f\ue618<span class=\"_ _ea\"> </span>\ue61f\ue61c<span class=\"_ _12b\"> </span>\ue61a<span class=\"_ _206\"> </span>\ue61f\ue618Y<span class=\"_ _2\"></span>ear +\ue61a<span class=\"_ _2b7\"> </span>\ue61f\ue61f<span class=\"_ _12b\"> </span>\ue61f<span class=\"_ _206\"> </span>\ue61f\ue61d<span class=\"_ _ea\"> </span>\ue61f\ue61d<span class=\"_ _12b\"> </span>\ue61f<span class=\"_ _206\"> </span>\ue61d\ue61bY<span class=\"_ _2\"></span>ear +\ue616<span class=\"_ _2b7\"> </span>\ue61d\ue61f<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _206\"> </span>\ue61d\ue61f<span class=\"_ _ea\"> </span>\ue61d\ue618<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _206\"> </span>\ue61d\ue616Y<span class=\"_ _2\"></span>ear +\ue618<span class=\"_ _239\"> </span>\ue617<span class=\"_ _23f\"> </span>-<span class=\"_ _12b\"> </span>\ue617<span class=\"_ _246\"> </span>\ue61b<span class=\"_ _12b\"> </span>\ue61d<span class=\"_ _246\"> </span>\ue61cLater than \ue614ve years<span class=\"_ _1c4\"> </span>\ue616<span class=\"_ _23f\"> </span>-<span class=\"_ _246\"> </span>\ue61a<span class=\"_ _12b\"> </span>\ue616<span class=\"_ _23f\"> </span>-<span class=\"_ _246\"> </span>\ue616T<span class=\"_ _2\"></span>otal minimum lease payments<span class=\"_ _e0\"> </span>108<span class=\"_ _206\"> </span>10<span class=\"_ _206\"> </span>99<span class=\"_ _203\"> </span>114<span class=\"_ _ea\"> </span>11<span class=\"_ _203\"> </span>104Unguaranteed residual value<span class=\"_ _f4\"> </span>\ue61a<span class=\"_ _23f\"> </span>-<span class=\"_ _12b\"> </span>\ue61a<span class=\"_ _246\"> </span>\ue61d<span class=\"_ _23f\"> </span>-<span class=\"_ _246\"> </span>\ue61dTOT<span class=\"_ _0\"></span>AL<span class=\"_ _264\"> </span><span class=\"ls1 ws1\">110<span class=\"_ _206\"> </span>10<span class=\"_ _203\"> </span>102<span class=\"_ _12e\"> </span>115<span class=\"_ _ea\"> </span>11<span class=\"_ _203\"> </span>105</span>Impairment losses<span class=\"_ _29e\"> </span>(\ue61f)<span class=\"_ _3a\"> </span>(\ue61d)Receivables under \ue614nance lease<span class=\"_ _2e3\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _2d6\"> </span>\ue61d\ue61e\ue61a\ue618e Group leases out its commer<span class=\"_ _0\"></span>cial equipment under \ue615n<span class=\"_ _0\"></span>ance leases mainly <span class=\"_ _0\"></span>via Agf<span class=\"_ _0\"></span>a Finance (i.e<span class=\"_ _2\"></span>. Agfa Fin<span class=\"_ _0\"></span>ance NV<span class=\"_ _1\"></span>, Agfa Finance Corp<span class=\"_ _0\"></span>. and Agf<span class=\"_ _0\"></span>a Finance Inc.) and vi<span class=\"_ _0\"></span>a Agfa sales org<span class=\"_ _0\"></span>anizations in Austr<span class=\"_ _2\"></span>alia and Belgium.At the inception of the lease<span class=\"_ _2\"></span>, the present v<span class=\"_ _0\"></span>alue of the minimum lease pa<span class=\"_ _0\"></span>yments gener<span class=\"_ _2\"></span>ally amounts to at least 90% of the fair<span class=\"_ _0\"></span> value of the le<span class=\"_ _0\"></span>ased assets.\ue618e major<span class=\"_ _0\"></span> part of the leases concluded w<span class=\"_ _0\"></span>ith Agf<span class=\"_ _0\"></span>a Finance typically run for<span class=\"_ _2\"></span> a non-cancellable period of four y<span class=\"_ _0\"></span>ears. <span class=\"_ _2\"></span>\ue618e con<span class=\"ws1\">-</span>tracts g<span class=\"_ _0\"></span>enerally include an option to pur<span class=\"_ _0\"></span>chase the lease<span class=\"_ _0\"></span>d equipment after tha<span class=\"_ _0\"></span>t period at a price that gener<span class=\"_ _2\"></span>ally lies between 2% and 5% of the gross inv<span class=\"_ _0\"></span>estment at the inception of the lease<span class=\"_ _2\"></span>.Sometimes, the fair<span class=\"_ _2\"></span> value of the leased as<span class=\"_ _0\"></span>set is paid back<span class=\"_ _0\"></span> by means of a pur<span class=\"_ _0\"></span>chase obligation for<span class=\"_ _0\"></span> consumables at a <span class=\"_ _0\"></span>value high<span class=\"ws1\">-</span>er than its m<span class=\"_ _0\"></span>arket v<span class=\"_ _2\"></span>alue, in such a w<span class=\"_ _2\"></span>ay that this mark<span class=\"_ _2\"></span>-up is su\ue616cient to cover<span class=\"_ _0\"></span> the amount initially inv<span class=\"_ _0\"></span>ested by the les<span class=\"_ _0\"></span>sor<span class=\"_ _2\"></span>.In these types of contra<span class=\"_ _0\"></span>cts the mark<span class=\"_ _2\"></span>-up and or the lease term can be subject to chang<span class=\"_ _0\"></span>e.Agfa Finance o\ue614ers its pr<span class=\"_ _0\"></span>oducts via its subsidi<span class=\"_ _0\"></span>aries in France and Italy and its br<span class=\"_ _2\"></span>anches in Europe (Spain, Sw<span class=\"_ _0\"></span>itzerland,<span class=\"_ _0\"></span> Benelux, German<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, UK and the Nor<span class=\"_ _2\"></span>dic countries), via <span class=\"_ _0\"></span>Agfa Finance Corp<span class=\"_ _2\"></span>. in the US and Agfa Finance Inc.<span class=\"_ _0\"></span> in Canada.<span class=\"_ _0\"></span> As of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _2\"></span> the present value of the total future le<span class=\"_ _2\"></span>ase payments before impairment los<span class=\"_ _0\"></span>ses for <span class=\"_ _0\"></span>Agfa Finance amount<span class=\"ws1\">-</span>ed to 104 million E<span class=\"_ _0\"></span>uro (2021: 1<span class=\"_ _0\"></span>01 million Euro<span class=\"_ _0\"></span>).\ue618e Agfa sales or<span class=\"_ _0\"></span>ganization in A<span class=\"_ _0\"></span>ustralia o\ue614<span class=\"_ _0\"></span>ers customer \ue615n<span class=\"_ _0\"></span>ancing of graphical equipment w<span class=\"_ _0\"></span>ith an aver<span class=\"_ _2\"></span>age remaining term of 12 months and in Belgium, A<span class=\"_ _0\"></span>gfa O\ue614set B<span class=\"_ _0\"></span>V is the lessor<span class=\"_ _0\"></span> of o\ue614set equipment. As of December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of the total future lease p<span class=\"_ _0\"></span>ayments befor<span class=\"_ _0\"></span>e impairment losses for<span class=\"_ _2\"></span> these sales organizations are 1 million Euro (20<span class=\"_ _0\"></span>21: 1 million Euro).During 202<span class=\"_ _0\"></span>2 and 2021,<span class=\"_ _0\"></span> the Group hasn<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>t sold any receiv<span class=\"_ _0\"></span>ables under \ue615nance le<span class=\"_ _2\"></span>ase.. OPERA<span class=\"_ _2\"></span>TING LEASESWithin the segment He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _1\"></span>, the Group o\ue614ers Softw<span class=\"_ _2\"></span>are as a Service (\u2018SaaS\u2019) w<span class=\"_ _0\"></span>hich are o\ue614site<span class=\"_ _0\"></span>, onsite or<span class=\"_ _0\"></span> hybrid mo<span class=\"ws1\">-</span>dels under <span class=\"_ _0\"></span>which softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, har<span class=\"_ _2\"></span>dware and services are o\ue614er<span class=\"_ _0\"></span>ed to the customer<span class=\"_ _0\"></span> on a pay<span class=\"_ _0\"></span>-per-use b<span class=\"_ _0\"></span>asis or a monthly<span class=\"_ _2\"></span>/<span class=\"_ _2\"></span>annual fee basis.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup guar<span class=\"_ _0\"></span>antees the management of the s<span class=\"_ _0\"></span>ystem over<span class=\"_ _2\"></span> the contract period, and pr<span class=\"_ _0\"></span>ovides daily technical operations,<span class=\"_ _2\"></span> maintenance and support to the customer<span class=\"_ _2\"></span>. \ue618ese contr<span class=\"_ _2\"></span>acts can comprise an operating lease component.<span class=\"_ _2\"></span> \ue618e lease income re<span class=\"_ _0\"></span>lated to this contr<span class=\"_ _0\"></span>acts amounts to 14 million Euro durin<span class=\"_ _0\"></span>g 2022 (20<span class=\"_ _2\"></span>21: 12 million Euro) and w<span class=\"_ _0\"></span>as recognized in revenue b<span class=\"_ _0\"></span>ased upon use/<span class=\"_ _2\"></span>consumption by the client.\ue618e Group moreo<span class=\"_ _0\"></span>ver o\ue614<span class=\"_ _0\"></span>ers \u2018bundle de<span class=\"_ _0\"></span>als\u2019<span class=\"_ _2\"></span> whereby equipment usage is \ue615n<span class=\"_ _0\"></span>anced by an uplift on consum<span class=\"_ _0\"></span>ables purchased b<span class=\"_ _0\"></span>y the customer<span class=\"_ _2\"></span>. An oper<span class=\"_ _0\"></span>ating lease component can be embe<span class=\"_ _0\"></span>dded in these type of contra<span class=\"_ _0\"></span>cts. <span class=\"_ _2\"></span>\ue618e operating lease component is recognized in r<span class=\"_ _0\"></span>evenue based on the cons<span class=\"_ _0\"></span>umables purchase<span class=\"_ _2\"></span>.\ue618e total of assets in operatin<span class=\"_ _0\"></span>g lease contr<span class=\"_ _0\"></span>acts recognize<span class=\"_ _0\"></span>d in the statement of \ue615nancial position at December<span class=\"_ _2\"></span> 31, 2022 amounts to 4 million Euro (December<span class=\"_ _2\"></span> 31, 2021: 6 million Eur<span class=\"_ _0\"></span>o) (see Note 28).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__69-1": {
   "value": "INVESTMENTS <span class=\"_ _22\"></span>IN ASSOCIA<span class=\"_ _2\"></span>TES AND FINANCIAL ASSETS30.2. Financial assetsAt December<span class=\"_ _0\"></span> 2022 and 20<span class=\"_ _2\"></span>21, \ue615nancial assets at fair<span class=\"_ _2\"></span> value through OCI comprise the in<span class=\"_ _0\"></span>vestment in Digital Illustr<span class=\"_ _2\"></span>ate Inc., a Kore<span class=\"_ _0\"></span>an UV printer<span class=\"_ _0\"></span> manufactur<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>. \ue618e Gr<span class=\"_ _0\"></span>oup owns 15% of the shar<span class=\"_ _0\"></span>es of this company<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is inves<span class=\"_ _0\"></span>tment is carried at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> being the quoted price on the stock e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e with chang<span class=\"_ _0\"></span>es in fair<span class=\"_ _0\"></span> value book<span class=\"_ _2\"></span>ed in OCI.\ue618e Group designated this in<span class=\"_ _2\"></span>vestment as at FV<span class=\"_ _0\"></span>OCI because this represents an in<span class=\"_ _2\"></span>vestment that the Group intends to hold for the lon<span class=\"_ _0\"></span>g term for str<span class=\"_ _2\"></span>ategic purposes. During 202<span class=\"_ _0\"></span>2, no dividends ha<span class=\"_ _0\"></span>ve been receiv<span class=\"_ _0\"></span>ed (2021: 0 million E<span class=\"_ _0\"></span>uro).MILLION EURO<span class=\"_ _77\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>Financial assets at fair value through OCI - Equity instruments<span class=\"_ _2ea\"> </span>\ue619<span class=\"_ _92\"> </span>\ue616Financial assets at amortized cost<span class=\"_ _1cc\"> </span>\ue616<span class=\"_ _92\"> </span>\ue61dTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2eb\"> </span>10<span class=\"_ _92\"> </span>5",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAvailableforsaleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__68-1": {
   "value": "INVESTMENTS <span class=\"_ _22\"></span>IN ASSOCIA<span class=\"_ _2\"></span>TES AND FINANCIAL ASSETS30.<span class=\"_ _2\"></span>1 Investments in associatesIn the course of 2021,<span class=\"_ _0\"></span> the Group established w<span class=\"_ _0\"></span>ith other in<span class=\"_ _0\"></span>vestment p<span class=\"_ _0\"></span>artners the company P<span class=\"_ _2\"></span>enny Black,<span class=\"_ _0\"></span> a start-up priv<span class=\"_ _0\"></span>ate limited liability comp<span class=\"_ _0\"></span>any pr<span class=\"_ _0\"></span>oviding sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e and printing solutions for<span class=\"_ _0\"></span> the e-commerce business.<span class=\"_ _0\"></span> \ue618e Gr<span class=\"_ _0\"></span>oup holds an inves<span class=\"_ _0\"></span>tment of 49.80% in this company<span class=\"_ _1\"></span>. \ue618e in<span class=\"_ _0\"></span>vestment in this associa<span class=\"_ _0\"></span>te is measur<span class=\"_ _0\"></span>ed using the equity method.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _0\"></span> the Agf<span class=\"_ _0\"></span>a-Gevaert Gr<span class=\"_ _0\"></span>oup made an extr<span class=\"_ _2\"></span>a investment of 0,<span class=\"_ _2\"></span>7 million Euro in this associate<span class=\"_ _2\"></span>. During 202<span class=\"_ _0\"></span>2, the Group has recogniz<span class=\"_ _0\"></span>ed losses amounting to 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7 million Euro in r<span class=\"_ _0\"></span>elation to its interest in this as<span class=\"_ _0\"></span>sociate (20<span class=\"_ _0\"></span>21: 0,2 million Euro<span class=\"_ _0\"></span>). <span class=\"_ _2\"></span>\ue618e carr<span class=\"_ _22\"></span>ying amount of the inv<span class=\"_ _0\"></span>estment in P<span class=\"_ _0\"></span>enny Bla<span class=\"_ _0\"></span>ck amounts to 0.<span class=\"_ _2\"></span>7 million Euro after<span class=\"_ _0\"></span> equity pick<span class=\"_ _2\"></span>-up.<span class=\"_ _0\"></span>  \ue61f\ue61e\ue61f\ue61d2022MILLION EUROPenny Black (\ue616\ue61b.\ue617\ue61a%)Penny Black (49.80%)Carrying amount of interests, including goodwill<span class=\"_ _2c8\"> </span>\ue61e.\ue619<span class=\"_ _260\"> </span>\ue61e.\ue619Net loss after taxes\ue610<span class=\"_ _2e7\"> </span>(\ue61e.\ue61a)<span class=\"_ _150\"> </span>(\ue61d.\ue61a)Group\u2019s share of net loss after taxes\ue614<span class=\"_ _160\"> </span>(0.2)<span class=\"_ _2e8\"> </span>(0.7)Other Comprehensive Income of MphRx<span class=\"_ _213\"> </span>-<span class=\"_ _90\"> </span>-Group\u2019s share of Other Comprehensive Income\ue614<span class=\"_ _194\"> </span>-<span class=\"_ _2e9\"> </span>-Summarized \ue615nancial information\ue614Non-current assets<span class=\"_ _121\"> </span>\ue61e.\ue616<span class=\"_ _90\"> </span>-Current assets<span class=\"_ _19d\"> </span>\ue61d.\ue61d<span class=\"_ _260\"> </span>\ue61d.\ue61aEquity\ue610<span class=\"_ _76\"> </span>\ue61d.\ue618<span class=\"_ _260\"> </span>\ue61d.\ue61fCurrent liabilities<span class=\"_ _149\"> </span>-<span class=\"_ _260\"> </span>\ue61e.\ue61dGroup\u2019s share of equity\ue614<span class=\"_ _1e\"> </span>0.7<span class=\"_ _260\"> </span>0.7Goodwill included in carrying amount of the investment<span class=\"_ _25b\"> </span>-<span class=\"_ _90\"> </span>-Carrying amount of investment in other a\ue611liates<span class=\"_ _137\"> </span>0.7<span class=\"_ _260\"> </span>0.7",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__73": {
   "value": " INVENTORIESMILLION EURO<span class=\"_ _15\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>Raw materials and auxiliaries<span class=\"_ _2ec\"> </span>\ue617\ue61b<span class=\"_ _ef\"> </span>\ue61b\ue61fW<span class=\"_ _0\"></span>ork in progress and semi-\ue614nished goods <span class=\"_ _16c\"> </span>\ue61d\ue61e\ue61e<span class=\"_ _c0\"> </span>\ue61d\ue61d\ue61cFinished goods<span class=\"_ _19d\"> </span>\ue61f\ue61b<span class=\"_ _ef\"> </span>\ue61a\ue61eGoods purchased for resale including spare parts<span class=\"_ _2ed\"> </span>\ue61d\ue61b\ue61f<span class=\"_ _c0\"> </span>\ue61f\ue61f\ue616Inventory in transit &amp; other inventory<span class=\"_ _1e9\"> </span>\ue61f\ue61b<span class=\"_ _ef\"> </span>\ue61f\ue61fTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2ee\"> </span><span class=\"ls1 ws1\">418<span class=\"_ _c0\"> </span>487</span>In 2022,<span class=\"_ _2\"></span> inventories are written do<span class=\"_ _0\"></span>wn to net realiza<span class=\"_ _0\"></span>ble value f<span class=\"_ _0\"></span>or an amount of 12 million Eur<span class=\"_ _0\"></span>o (2021: 12 million E<span class=\"_ _0\"></span>uro).<span class=\"_ _0\"></span> \ue618ese write-downs r<span class=\"_ _0\"></span>elate to obsolete<span class=\"_ _0\"></span>, dam<span class=\"_ _0\"></span>aged or<span class=\"_ _0\"></span> expired in<span class=\"_ _0\"></span>ventory<span class=\"_ _2\"></span>. W<span class=\"_ _2\"></span>rite-downs of inventories ar<span class=\"_ _0\"></span>e included in cost of sales in the consolidated statement of pr<span class=\"_ _0\"></span>o\ue615t or loss.Increase<span class=\"_ _0\"></span>d inventory leve<span class=\"_ _0\"></span>ls versus las<span class=\"_ _0\"></span>t year<span class=\"_ _2\"></span> are mainly driven by in\ue617a<span class=\"_ _0\"></span>tion, supply chain is<span class=\"_ _0\"></span>sues, component shortages and the acquisition of Inca Digital Printers.In the course of 2022,<span class=\"_ _0\"></span> the Group acquire<span class=\"_ _0\"></span>d Inca Digital Printers (see Note 19).<span class=\"_ _0\"></span> Inv<span class=\"_ _0\"></span>entories acquired in this business com<span class=\"ws1\">-</span>bination wer<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>alued at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue less costs to sell being the estim<span class=\"_ _0\"></span>ated selling price in the or<span class=\"_ _0\"></span>dinary course of business less estimated costs of completion and sale and a r<span class=\"_ _0\"></span>easonable pr<span class=\"_ _0\"></span>o\ue615t margin based on the e\ue614<span class=\"_ _0\"></span>ort required to sell the in<span class=\"_ _2\"></span>ventory<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__74": {
   "value": " OTHER RECEIV<span class=\"_ _2\"></span>ABLESOther r<span class=\"_ _0\"></span>eceivables can be pr<span class=\"_ _0\"></span>esented as follow<span class=\"_ _0\"></span>s:MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span> (\ue61d)Uninstalled leases-<span class=\"_ _ed\"> </span>(\ue61f)Deferred purchase price related to the Inca acquisition<span class=\"_ _2ef\"> </span>-<span class=\"_ _92\"> </span>\ue61aSubsidies and grants<span class=\"_ _121\"> </span>\ue61d<span class=\"_ _44\"> </span>-Payroll receivables<span class=\"_ _1d0\"> </span>-<span class=\"_ _92\"> </span>\ue61dOther receivables<span class=\"_ _126\"> </span>\ue61a<span class=\"_ _92\"> </span>\ue616TOT<span class=\"_ _0\"></span>AL<span class=\"_ _b\"> </span><span class=\"ls1 ws1\">4<span class=\"_ _92\"> </span>6</span>(1) Leased equipment not y<span class=\"_ _0\"></span>et installed at the client\u2019<span class=\"_ _2\"></span>s premises.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__75": {
   "value": " CASH <span class=\"_ _0\"></span>AND CASH EQUIV<span class=\"_ _2\"></span>ALENTS\ue618e reconciliation of cash and cash equiv<span class=\"_ _2\"></span>alents with its corresponding items in the statement of \ue615nancial position can be presented as follo<span class=\"_ _0\"></span>ws:MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>T<span class=\"_ _2\"></span>otal cash and cash equivalents as reported in the consolidated statement of \ue615nancial p<span class=\"_ _22\"></span>osition<span class=\"_ _2ae\"> </span>398<span class=\"_ _2f0\"> </span>138Bank overdrafts (reported under current loans and borrowings)<span class=\"_ _42\"> </span>-<span class=\"_ _263\"> </span>-T<span class=\"_ _2\"></span>otal cash and cash equivalents as reported in the consolidated statement of cash \ue613ows<span class=\"_ _24b\"> </span>398<span class=\"_ _c0\"> </span>138",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__76": {
   "value": " NON\ue684CURRENT <span class=\"_ _2\"></span>ASSETS HELD FOR SALE\ue618e non-current assets,<span class=\"_ _0\"></span> classi\ue615ed as held for<span class=\"_ _2\"></span> sale, re<span class=\"_ _0\"></span>late to the planned sale of the closed o\ue614set printing pla<span class=\"_ _0\"></span>te factory in V<span class=\"_ _2\"></span>allese (Italy) belonging to the O\ue614set Solutions segment.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e sale is planned for<span class=\"_ _0\"></span> next y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>. Rela<span class=\"_ _0\"></span>ted land, buildin<span class=\"_ _0\"></span>gs and infrastr<span class=\"_ _0\"></span>ucture are me<span class=\"_ _0\"></span>asured at their<span class=\"_ _2\"></span> carr<span class=\"_ _22\"></span>ying amount at December<span class=\"_ _2\"></span> 31, which is lower<span class=\"_ _0\"></span> than the fair<span class=\"_ _2\"></span> value less costs to sell.\ue618e site in P<span class=\"_ _0\"></span>ont-\u00e0-Marcq (Fr<span class=\"_ _0\"></span>ance),<span class=\"_ _0\"></span> classi\ue615ed as held-for<span class=\"_ _2\"></span>-sale last year<span class=\"_ _0\"></span> w<span class=\"_ _0\"></span>as successfully sold in 20<span class=\"_ _2\"></span>22.\ue618e site in Leeds (UK), classi\ue615e<span class=\"_ _0\"></span>d as held-for-sale in 2<span class=\"_ _0\"></span>020 w<span class=\"_ _2\"></span>as successfully sold in 2021 w<span class=\"_ _0\"></span>ith a gain amounting to 7 million Euro (<span class=\"_ _0\"></span>see Note 9.1 \u2018Other<span class=\"_ _2\"></span> operating income<span class=\"_ _0\"></span>\u2019).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__77": {
   "value": " NON\ue684CURRENT <span class=\"_ _2\"></span>ASSETS HELD FOR SALE\ue618e non-current assets,<span class=\"_ _0\"></span> classi\ue615ed as held for<span class=\"_ _2\"></span> sale, re<span class=\"_ _0\"></span>late to the planned sale of the closed o\ue614set printing pla<span class=\"_ _0\"></span>te factory in V<span class=\"_ _2\"></span>allese (Italy) belonging to the O\ue614set Solutions segment.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e sale is planned for<span class=\"_ _0\"></span> next y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>. Rela<span class=\"_ _0\"></span>ted land, buildin<span class=\"_ _0\"></span>gs and infrastr<span class=\"_ _0\"></span>ucture are me<span class=\"_ _0\"></span>asured at their<span class=\"_ _2\"></span> carr<span class=\"_ _22\"></span>ying amount at December<span class=\"_ _2\"></span> 31, which is lower<span class=\"_ _0\"></span> than the fair<span class=\"_ _2\"></span> value less costs to sell.\ue618e site in P<span class=\"_ _0\"></span>ont-\u00e0-Marcq (Fr<span class=\"_ _0\"></span>ance),<span class=\"_ _0\"></span> classi\ue615ed as held-for<span class=\"_ _2\"></span>-sale last year<span class=\"_ _0\"></span> w<span class=\"_ _0\"></span>as successfully sold in 20<span class=\"_ _2\"></span>22.\ue618e site in Leeds (UK), classi\ue615e<span class=\"_ _0\"></span>d as held-for-sale in 2<span class=\"_ _0\"></span>020 w<span class=\"_ _2\"></span>as successfully sold in 2021 w<span class=\"_ _0\"></span>ith a gain amounting to 7 million Euro (<span class=\"_ _0\"></span>see Note 9.1 \u2018Other<span class=\"_ _2\"></span> operating income<span class=\"_ _0\"></span>\u2019).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__79": {
   "value": ".<span class=\"_ _0\"></span> OTHER ASSETSOther non-curr<span class=\"_ _0\"></span>ent and current assets can be presented as f<span class=\"_ _0\"></span>ollows:MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>Non-currentMulti year service contracts (strategic suppliers)<span class=\"_ _2a3\"> </span>\ue61d<span class=\"_ _44\"> </span>-Prepayments (see Note \ue616\ue617.\ue61f Other related party transactions)<span class=\"_ _198\"> </span>\ue61d\ue61e<span class=\"_ _92\"> </span>\ue619T<span class=\"_ _2\"></span>otal non-current<span class=\"_ _1a\"> </span>11<span class=\"_ _92\"> </span>8CurrentMulti year service contracts (strategic suppliers)\ue610<span class=\"_ _29b\"> </span>\ue61c<span class=\"_ _ef\"> </span>\ue61d\ue61eAdvances on costs\ue610<span class=\"_ _1a\"> </span>-<span class=\"_ _44\"> </span>-Guarantees and deposits\ue610<span class=\"_ _2f1\"> </span>\ue619<span class=\"_ _92\"> </span>\ue61aPrepayments<span class=\"_ _14c\"> </span>\ue61a<span class=\"_ _92\"> </span>\ue61aOther\ue610<span class=\"_ _4\"> </span>\ue61d<span class=\"_ _263\"> </span>-T<span class=\"_ _2\"></span>otal current<span class=\"_ _11f\"> </span>18<span class=\"_ _ef\"> </span>17TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2f2\"> </span><span class=\"ls1 ws1\">29<span class=\"_ _ef\"> </span>24</span>EQUITY AND <span class=\"_ _22\"></span>LIABILITIES",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__80": {
   "value": ".<span class=\"_ _0\"></span> OTHER ASSETSOther non-curr<span class=\"_ _0\"></span>ent and current assets can be presented as f<span class=\"_ _0\"></span>ollows:MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>Non-currentMulti year service contracts (strategic suppliers)<span class=\"_ _2a3\"> </span>\ue61d<span class=\"_ _44\"> </span>-Prepayments (see Note \ue616\ue617.\ue61f Other related party transactions)<span class=\"_ _198\"> </span>\ue61d\ue61e<span class=\"_ _92\"> </span>\ue619T<span class=\"_ _2\"></span>otal non-current<span class=\"_ _1a\"> </span>11<span class=\"_ _92\"> </span>8CurrentMulti year service contracts (strategic suppliers)\ue610<span class=\"_ _29b\"> </span>\ue61c<span class=\"_ _ef\"> </span>\ue61d\ue61eAdvances on costs\ue610<span class=\"_ _1a\"> </span>-<span class=\"_ _44\"> </span>-Guarantees and deposits\ue610<span class=\"_ _2f1\"> </span>\ue619<span class=\"_ _92\"> </span>\ue61aPrepayments<span class=\"_ _14c\"> </span>\ue61a<span class=\"_ _92\"> </span>\ue61aOther\ue610<span class=\"_ _4\"> </span>\ue61d<span class=\"_ _263\"> </span>-T<span class=\"_ _2\"></span>otal current<span class=\"_ _11f\"> </span>18<span class=\"_ _ef\"> </span>17TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2f2\"> </span><span class=\"ls1 ws1\">29<span class=\"_ _ef\"> </span>24</span>EQUITY AND <span class=\"_ _22\"></span>LIABILITIES",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__78": {
   "value": ".<span class=\"_ _0\"></span> OTHER ASSETSOther non-curr<span class=\"_ _0\"></span>ent and current assets can be presented as f<span class=\"_ _0\"></span>ollows:MILLION EURO<span class=\"_ _1ed\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2e8\"> </span><span class=\"ffc\">2022</span>Non-currentMulti year service contracts (strategic suppliers)<span class=\"_ _2a3\"> </span>\ue61d<span class=\"_ _44\"> </span>-Prepayments (see Note \ue616\ue617.\ue61f Other related party transactions)<span class=\"_ _198\"> </span>\ue61d\ue61e<span class=\"_ _92\"> </span>\ue619T<span class=\"_ _2\"></span>otal non-current<span class=\"_ _1a\"> </span>11<span class=\"_ _92\"> </span>8CurrentMulti year service contracts (strategic suppliers)\ue610<span class=\"_ _29b\"> </span>\ue61c<span class=\"_ _ef\"> </span>\ue61d\ue61eAdvances on costs\ue610<span class=\"_ _1a\"> </span>-<span class=\"_ _44\"> </span>-Guarantees and deposits\ue610<span class=\"_ _2f1\"> </span>\ue619<span class=\"_ _92\"> </span>\ue61aPrepayments<span class=\"_ _14c\"> </span>\ue61a<span class=\"_ _92\"> </span>\ue61aOther\ue610<span class=\"_ _4\"> </span>\ue61d<span class=\"_ _263\"> </span>-T<span class=\"_ _2\"></span>otal current<span class=\"_ _11f\"> </span>18<span class=\"_ _ef\"> </span>17TOT<span class=\"_ _0\"></span>AL<span class=\"_ _2f2\"> </span><span class=\"ls1 ws1\">29<span class=\"_ _ef\"> </span>24</span>EQUITY AND <span class=\"_ _22\"></span>LIABILITIES",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__81": {
   "value": ".\ue680 EQUITY\ue618e v<span class=\"_ _0\"></span>arious components of Equity and the changes ther<span class=\"_ _0\"></span>ein from January 1,<span class=\"_ _0\"></span> 2021 to December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 are pr<span class=\"_ _0\"></span>esented in the Consolidated Statements of Chan<span class=\"_ _0\"></span>ges in Equity<span class=\"_ _2\"></span>.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1 Share capital and share premiumAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> the issued capital of the Comp<span class=\"_ _0\"></span>any amounts to 187 million E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e outstanding ordinary shares amount to 154,8<span class=\"_ _2\"></span>20,528 at December 31,<span class=\"_ _0\"></span> 2022 (2<span class=\"_ _0\"></span>021: 160<span class=\"_ _0\"></span>,506,<span class=\"_ _2\"></span>706 outstanding shares<span class=\"_ _0\"></span>). 3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Reserve for own shares\ue618e reserve for<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s own shar<span class=\"_ _0\"></span>es comprises the cost of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s shares he<span class=\"_ _0\"></span>ld by the Group<span class=\"_ _2\"></span>. At December<span class=\"_ _0\"></span> 31, 2022,<span class=\"_ _2\"></span> the Group does not hold own shares (20<span class=\"_ _0\"></span>21: 68,053).On March 10<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>21, the Group h<span class=\"_ _0\"></span>as announced a share buy<span class=\"_ _0\"></span>back pr<span class=\"_ _0\"></span>ogram w<span class=\"_ _0\"></span>ith a volume up to 5<span class=\"_ _0\"></span>0 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert NV has reques<span class=\"_ _0\"></span>ted a \ue615nancial intermediary to repur<span class=\"_ _0\"></span>chase Agf<span class=\"_ _0\"></span>a-Geva<span class=\"_ _0\"></span>ert shares for<span class=\"_ _0\"></span> a maximum amount of 50<span class=\"_ _0\"></span>,000,<span class=\"_ _2\"></span>000 Euro on its behalf under the terms of an initial discr<span class=\"_ _0\"></span>etionary mandate agreement <span class=\"_ _0\"></span>with v<span class=\"_ _2\"></span>alidity until March 31, 202<span class=\"_ _0\"></span>2, e\ue614ectiv<span class=\"_ _0\"></span>e as from April 1,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> On March 8,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the Board of Dir<span class=\"_ _0\"></span>ectors decided to extend the <span class=\"_ _0\"></span>\u20182<span class=\"_ _0\"></span>021 Share Bu<span class=\"_ _0\"></span>yback<span class=\"_ _0\"></span> program<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> through March 31, 2<span class=\"_ _0\"></span>023 (the <span class=\"_ _2\"></span>\u2018Extended Share Buyback<span class=\"_ _0\"></span> Progr<span class=\"_ _0\"></span>am 2021<span class=\"_ _2\"></span>\u2019). Since the beginning of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am until June 9th, 2022,<span class=\"_ _0\"></span> based on the tr<span class=\"_ _0\"></span>ansaction date<span class=\"_ _2\"></span>, the Agfa-Gev<span class=\"_ _2\"></span>aert Group bought 12,9<span class=\"_ _0\"></span>30,66<span class=\"_ _2\"></span>2 own shares (2021 : 7<span class=\"_ _2\"></span>,312,53<span class=\"_ _0\"></span>7 shares; 20<span class=\"_ _0\"></span>22 : 5,618,125 shar<span class=\"_ _0\"></span>es) for<span class=\"_ _0\"></span> a total amount of 50 million Eur<span class=\"_ _0\"></span>o (2022 : 21 million E<span class=\"_ _0\"></span>uro; 20<span class=\"_ _0\"></span>21 : 29 million Eur<span class=\"_ _0\"></span>o). <span class=\"_ _0\"></span>With this announcement,<span class=\"_ _0\"></span> Agfa-Gev<span class=\"_ _2\"></span>aert NV has completed its share buy<span class=\"_ _2\"></span><span class=\"ws1\">-</span>back pr<span class=\"_ _0\"></span>ogram tha<span class=\"_ _0\"></span>t had started on <span class=\"_ _0\"></span>April 1, 20<span class=\"_ _0\"></span>21. In the \ue615rst half-ye<span class=\"_ _0\"></span>ar of 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has purchased 5,<span class=\"_ _0\"></span>618,125 own shar<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> an amount of 21 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618ese shares were cancelle<span class=\"_ _0\"></span>d in the course of the \ue615rst half-year<span class=\"_ _2\"></span> of 2022 (2021 : 11,<span class=\"_ _0\"></span>344,336 cancellation of shar<span class=\"_ _0\"></span>es).<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31, the Group does not hold own sh<span class=\"_ _0\"></span>ares.  3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.3 Revaluation reserve\ue618e rev<span class=\"_ _0\"></span>aluation reserve comprises the r<span class=\"_ _0\"></span>evalu<span class=\"_ _0\"></span>ation of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s investment in Digital Illustr<span class=\"_ _2\"></span>ate Inc. which is irrev<span class=\"_ _0\"></span>ocably designated at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue through OCI and will subsequently not be r<span class=\"_ _0\"></span>ecycled to pro\ue615t or<span class=\"_ _0\"></span> loss.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.4 Hedging reserveAs of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the hedging reserve comprises the e\ue614<span class=\"_ _0\"></span>ective portion of the cumulative net chan<span class=\"_ _0\"></span>ge in fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of foreign ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts designated as cash \ue617ow hedges.In the course of 2022 and 20<span class=\"_ _2\"></span>21, the Group designated for<span class=\"_ _0\"></span>eign exchang<span class=\"_ _0\"></span>e contracts as <span class=\"_ _2\"></span>\u2018cash \ue617o<span class=\"_ _0\"></span>w hedges<span class=\"_ _2\"></span>\u2019 of its foreign curren<span class=\"ws1\">-</span>cy exposure in US Doll<span class=\"_ _0\"></span>ar re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted revenue o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the followin<span class=\"_ _0\"></span>g 12 months. <span class=\"_ _2\"></span>\ue618e portion of<span class=\"_ _22\"></span> the gain on the forwar<span class=\"_ _2\"></span>d exchange contr<span class=\"_ _0\"></span>acts that is determined to be an e\ue614ectiv<span class=\"_ _0\"></span>e hedge is recogniz<span class=\"_ _0\"></span>ed directly in <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> compre<span class=\"ws1\">-</span>hensive income<span class=\"_ _0\"></span>\u2019 (December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22: -2 million E<span class=\"_ _0\"></span>uro net of tax, December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>21: - 2 million Euro net of tax).A reconcilia<span class=\"_ _0\"></span>tion of hedge reserve in tabular<span class=\"_ _2\"></span> format for e<span class=\"_ _0\"></span>ach type of risk is pr<span class=\"_ _0\"></span>ovided in N<span class=\"_ _0\"></span>ote 21.4.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.5 Remeasurement of the net de\ue61fned bene\ue61ft liabilityRemeasur<span class=\"_ _0\"></span>ements of the net de\ue615ned bene\ue615t liability comprise both the imp<span class=\"_ _0\"></span>act of the \ue615rst time adoption of the 2011 amend<span class=\"ls1 ws1\">-</span>ment of IAS 19 and all subsequent reme<span class=\"_ _0\"></span>asurements of the net de\ue615ned bene\ue615t liabilities.<span class=\"_ _0\"></span> Remeas<span class=\"_ _0\"></span>urements of the net de\ue615ned bene\ue615t liability primarily<span class=\"_ _0\"></span> relate to actu<span class=\"_ _0\"></span>arial gains and losses and return on pl<span class=\"_ _0\"></span>an assets, ex<span class=\"_ _0\"></span>cluding the amounts included in net interest on the net de\ue615ned bene\ue615t lia<span class=\"_ _0\"></span>bilities.\ue618e evolution for<span class=\"_ _0\"></span> the ye<span class=\"_ _0\"></span>ar 20<span class=\"_ _0\"></span>22 is as follow<span class=\"_ _0\"></span>s:Remeasurement of MILLION EURO<span class=\"_ _2f3\"> </span>December \ue61a\ue61d, \ue61f\ue61e\ue61f\ue61dthe net de\ue614ned T<span class=\"_ _2\"></span>ax impact<span class=\"_ _296\"> </span><span class=\"ffc\">December 31, 2022</span>bene\ue614t liabilityNote \ue61d\ue61a<span class=\"_ _2da\"> </span>Note \ue61d\ue619.\ue616Remeasurement of the net de\ue615ned bene\ue615t liabilityRelated to material countries<span class=\"_ _2d3\"> </span>(\ue61d,\ue61e\ue61e\ue617)<span class=\"_ _138\"> </span>\ue61d\ue616\ue618<span class=\"_ _c5\"> </span>(\ue61f\ue61a)<span class=\"_ _39\"> </span>(\ue61c\ue61c\ue61a)Related to non-material countries<span class=\"_ _2f4\"> </span>(\ue61f\ue619)<span class=\"_ _2e8\"> </span>\ue61f<span class=\"_ _236\"> </span>-<span class=\"_ _12b\"> </span>(\ue61f\ue618)TOT<span class=\"_ _0\"></span>AL<span class=\"_ _1b3\"> </span><span class=\"ls1 ws1\">(1,033)<span class=\"_ _1c1\"> </span>148<span class=\"_ _49\"> </span>(23)<span class=\"_ _163\"> </span>(908)</span>\ue618e movement of the y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>, net of tax amounts is an incre<span class=\"_ _0\"></span>ase of 128 million Euro<span class=\"_ _0\"></span>. Deferr<span class=\"_ _0\"></span>ed taxes rel<span class=\"_ _0\"></span>ated to the e\ue614ects of remeas<span class=\"_ _0\"></span>urements are also recogniz<span class=\"_ _0\"></span>ed in \u2018<span class=\"_ _0\"></span>Other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span>\ue618e tax e\ue614ect is further<span class=\"_ _0\"></span> explained in Note 1<span class=\"_ _2\"></span>7.4.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.6 T<span class=\"_ _2\"></span>ranslation reserve\ue618e transla<span class=\"_ _0\"></span>tion reserve comprises all foreign curr<span class=\"_ _0\"></span>ency di\ue614erences arising fr<span class=\"_ _0\"></span>om the translation of the \ue615nanci<span class=\"_ _0\"></span>al statements of foreign oper<span class=\"_ _0\"></span>ations, as w<span class=\"_ _0\"></span>ell as from the tr<span class=\"_ _0\"></span>anslation of \ue615nancial instr<span class=\"_ _0\"></span>uments that hedge the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s net investment in a foreign subsidiary<span class=\"_ _2\"></span>.Until May 201<span class=\"_ _0\"></span>6, the Gr<span class=\"_ _0\"></span>oup utilized forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts to hedge the foreign currency e<span class=\"_ _0\"></span>xposure of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net inves<span class=\"_ _0\"></span>tment in one of its subsidiaries in the United States.<span class=\"_ _0\"></span> As from Ma<span class=\"_ _0\"></span>y 2016,<span class=\"_ _2\"></span> the Group has revoke<span class=\"_ _0\"></span>d the designation of the hedge<span class=\"_ _2\"></span>. \ue618e gain on the he<span class=\"_ _0\"></span>dging instrument rel<span class=\"_ _0\"></span>ating to the e\ue614ective portion of the hedg<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>as recognize<span class=\"_ _0\"></span>d in \u2018Other<span class=\"_ _2\"></span> com<span class=\"ls1 ws1\">-</span>prehensive income<span class=\"_ _2\"></span>\u2019 (December 31,<span class=\"_ _0\"></span> 2022: 1<span class=\"_ _0\"></span>0 million Euro<span class=\"_ _0\"></span>, December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>21: 10 million Euro) shall be recl<span class=\"_ _0\"></span>assi\ue615ed from equity to pro\ue615t or<span class=\"_ _0\"></span> loss on the disposal of the foreign oper<span class=\"_ _0\"></span>ation.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>7 DividendsFor<span class=\"_ _2\"></span> 2021, no dividend h<span class=\"_ _0\"></span>as been paid out based on the decision of the Gener<span class=\"_ _0\"></span>al Assembly of Shar<span class=\"_ _0\"></span>eholders of Agfa-Gev<span class=\"_ _2\"></span>aert NV on May 11,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> 2022, no dividend h<span class=\"_ _0\"></span>as been paid out based on the decision of the Gener<span class=\"_ _0\"></span>al Assembly of Shar<span class=\"_ _0\"></span>eholders of Agfa-Gev<span class=\"_ _2\"></span>aert NV on May 10,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2. F<span class=\"_ _0\"></span>or 2<span class=\"_ _0\"></span>023,<span class=\"_ _0\"></span> no dividend has been recommended b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Directors.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.8 Non-controlling interestsNon-controlling inter<span class=\"_ _0\"></span>ests have a m<span class=\"_ _0\"></span>aterial interest in nine s<span class=\"_ _0\"></span>ubsidiaries of the Group in Gre<span class=\"_ _0\"></span>ater China and the <span class=\"_ _0\"></span>ASEAN region (December 31,<span class=\"_ _0\"></span> 2022: 4<span class=\"_ _0\"></span>0 million Euro; December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>21: 52 million Euro). In E<span class=\"_ _0\"></span>urope<span class=\"_ _0\"></span>, there ar<span class=\"_ _0\"></span>e a few subsidiaries in w<span class=\"_ _0\"></span>hich non-controlling interes<span class=\"_ _0\"></span>ts have an inter<span class=\"_ _0\"></span>est that is of minor<span class=\"_ _0\"></span> importance to the Group (December 31,<span class=\"_ _2\"></span> 2022: 1 million Euro; De<span class=\"ls1 ws1\">-</span>cember 31,<span class=\"_ _0\"></span> 2021: 1 million E<span class=\"_ _0\"></span>uro).In Grea<span class=\"_ _0\"></span>ter China and the <span class=\"_ _0\"></span>ASEAN region, the Gr<span class=\"_ _0\"></span>oup and its business partner<span class=\"_ _0\"></span> Shenzhen Brother<span class=\"_ _0\"></span> Gao Deng Inv<span class=\"_ _0\"></span>estment Group Co.,<span class=\"_ _2\"></span> Ltd. combined as of 2010 their activ<span class=\"_ _0\"></span>ities aiming at reinfor<span class=\"_ _0\"></span>cing the market position in the Gr<span class=\"_ _0\"></span>eater<span class=\"_ _2\"></span> China and the ASEAN region. Shenzhen Br<span class=\"_ _0\"></span>other Gao Den<span class=\"_ _0\"></span>g Inves<span class=\"_ _0\"></span>tment Group Co<span class=\"_ _0\"></span>., Ltd. h<span class=\"_ _0\"></span>as a 49% stak<span class=\"_ _0\"></span>e in Agfa Gr<span class=\"_ _2\"></span>aphics Asia Ltd., the holding com<span class=\"ls1 ws1\">-</span>pany<span class=\"_ _0\"></span> of the combined operations of both parties.\ue618e subsidiaries of Agf<span class=\"_ _0\"></span>a Graphics Asi<span class=\"_ _0\"></span>a Ltd. at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>22 are: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa (W<span class=\"_ _2\"></span>uxi) Printing Plate Co.,<span class=\"_ _0\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa ASEAN Sdn.<span class=\"_ _2\"></span> Bhd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Imaging (Shenzhen<span class=\"_ _0\"></span>) Co.,<span class=\"_ _2\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Singapor<span class=\"_ _0\"></span>e Pte.<span class=\"_ _2\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>aiwan Co<span class=\"_ _0\"></span>., Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Gr<span class=\"_ _0\"></span>aphics Shanghai Co<span class=\"_ _2\"></span>., Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Pty Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">OOO Agfa Graphics</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa HuaGuan<span class=\"_ _0\"></span>g (Shanghai) Gr<span class=\"_ _0\"></span>aphics</span></span>Based on the current g<span class=\"_ _0\"></span>overnance str<span class=\"_ _0\"></span>ucture<span class=\"_ _0\"></span>, the Group h<span class=\"_ _0\"></span>as determined that it has control o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> these subsidiaries. <span class=\"_ _0\"></span>At December 31, 20<span class=\"_ _0\"></span>22, the accumul<span class=\"_ _0\"></span>ated amount of non-controlling inter<span class=\"_ _0\"></span>ests attributable to Shenzhen Brother<span class=\"_ _2\"></span> Gao Deng Investment Group Co.,<span class=\"_ _2\"></span> Ltd. and Lucky Hu<span class=\"_ _0\"></span>aGuang Graphics C<span class=\"_ _0\"></span>o.,<span class=\"_ _0\"></span> Ltd. amounts to 40 million E<span class=\"_ _0\"></span>uro,<span class=\"_ _2\"></span> including the loss allocated to non-controlling interests of these business partners amounts (2 million E<span class=\"_ _0\"></span>uro).\ue618e followin<span class=\"_ _0\"></span>g table summarizes the inf<span class=\"_ _0\"></span>ormation rela<span class=\"_ _0\"></span>ting to the companies in which the busines<span class=\"_ _0\"></span>s partner<span class=\"_ _0\"></span> Shenzhen Brother Gao Deng Inv<span class=\"_ _0\"></span>estment Group has a non-contr<span class=\"_ _0\"></span>olling interest of 49%,<span class=\"_ _0\"></span> and information r<span class=\"_ _0\"></span>elating to the non-controllin<span class=\"_ _0\"></span>g interest in the company<span class=\"_ _0\"></span> Agfa HuaGu<span class=\"_ _0\"></span>ang (Shanghai) Gr<span class=\"_ _2\"></span>aphics. \ue618is comp<span class=\"_ _0\"></span>any w<span class=\"_ _2\"></span>as newly established in 2019 by<span class=\"_ _0\"></span> Agfa Gr<span class=\"_ _2\"></span>aphics Asia, in which the Group has a s<span class=\"_ _0\"></span>take of 51% and by Luck<span class=\"_ _2\"></span>y HuaGuang Graphics C<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e latter holds a s<span class=\"_ _0\"></span>take of 49% in this newly es<span class=\"ls1 ws1\">-</span>tablished compan<span class=\"_ _0\"></span>y which brings the shar<span class=\"_ _0\"></span>e in this newly establishe<span class=\"_ _0\"></span>d company be<span class=\"_ _0\"></span>longing to minority shar<span class=\"_ _0\"></span>eholders to 73.99%.\ue618e information pro<span class=\"_ _0\"></span>vided is befor<span class=\"_ _0\"></span>e intercompan<span class=\"_ _0\"></span>y eliminations w<span class=\"_ _0\"></span>ith other comp<span class=\"_ _0\"></span>anies of the Agfa-Gev<span class=\"_ _2\"></span>aert Group.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2f5\"> </span><span class=\"ffc\">2022</span>Agfa Graphics Agfa Graphics Agfa HuaGuang  Agfa HuaGuang  Asia Ltd. and Asia Ltd. and Graphics (\ue619\ue61a,\ue61b\ue61b%)Graphics (73,99%)MILLION EUROsubsidiaries (\ue616\ue61b%)subsidiaries (49%)Current assets<span class=\"_ _2c1\"> </span>\ue61b\ue61c<span class=\"_ _13f\"> </span>\ue616\ue61b<span class=\"_ _13f\"> </span>\ue619\ue61b<span class=\"_ _131\"> </span>\ue616\ue61aNon-current assets<span class=\"_ _2f6\"> </span>\ue616\ue61b<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _195\"> </span>\ue61a\ue618<span class=\"_ _ce\"> </span>-Current liabilities<span class=\"_ _202\"> </span>\ue616\ue619<span class=\"_ _13f\"> </span>\ue616\ue618<span class=\"_ _195\"> </span>\ue61a\ue61c<span class=\"_ _131\"> </span>\ue61a\ue61cNon-current liabilities<span class=\"_ _2f7\"> </span>\ue61f<span class=\"_ _2a0\"> </span>-<span class=\"_ _e0\"> </span>\ue61f<span class=\"_ _ce\"> </span>-Net assets Agfa Graphics Asia Ltd. and its  99<span class=\"_ _e0\"> </span>5<span class=\"_ _195\"> </span>74<span class=\"_ _166\"> </span>5subsidiaries (consolidated)Carrying amount of non-controlling interests in  \ue618\ue617<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _12c\"> </span></span>\ue61d\ue616<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>Ag<span class=\"_ _22\"></span>fa Graphics Asia Ltd. and its subsidiaries (\ue618\ue619%)Carrying amount of non-controlling interests in  -<span class=\"_ _212\"> </span><span class=\"ff16\">\ue618<span class=\"_ _177\"> </span></span>-<span class=\"_ _d6\"> </span><span class=\"ff16\">\ue618</span>Ag<span class=\"_ _22\"></span>fa HuaGuang Graphics (\ue61b\ue61d.\ue619\ue619%)Revenue\ue610<span class=\"_ _2c7\"> </span>\ue61d\ue617\ue616<span class=\"_ _132\"> </span>\ue61d\ue61a\ue61f<span class=\"_ _132\"> </span>\ue61d\ue619\ue61f<span class=\"_ _f8\"> </span>\ue61d\ue61d\ue61bPro\ue614t for the year<span class=\"_ _2f8\"> </span>\ue61c<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue618)<span class=\"_ _f3\"> </span>-Pro\ue615t allocated to non-controlling interests in Agfa \ue618<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _132\"> </span></span>(\ue614)<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>Graphics Asia Ltd. and its subsidiaries (\ue618\ue619%)Pro\ue615t allocated to non-controlling interests in Agfa -<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>HuaGuang Graphics Asia (\ue61b\ue61d.\ue619\ue619%)Other comprehensive income: translation di\ue615erences<span class=\"_ _2f9\"> </span>\ue616<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>Other comprehensive income allocated to non-controlling -<span class=\"_ _2a0\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _f3\"> </span>-interests in Agfa Graphics Asia Ltd. and its subsidiaries (49%)T<span class=\"_ _2\"></span>otal comprehensive income allocated to  non-controlling interests in Agfa Graphics Asia Ltd.  \ue617<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _132\"> </span></span>(\ue614)<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>and its subsidiaries (\ue618\ue619%)T<span class=\"_ _2\"></span>otal comprehensive income allocated to  non-controlling interests in Agfa HuaGuang Graphics -<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>(\ue61b\ue61d.\ue619\ue619%)Cash \ue613ows from operating activities<span class=\"_ _249\"> </span>\ue61f\ue61d<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _195\"> </span>\ue61a\ue61c<span class=\"_ _166\"> </span>\ue61dCash \ue613ows from investing activities<span class=\"_ _242\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _f3\"> </span>-Cash \ue613ows from \ue614nancing activities<span class=\"_ _289\"> </span>(\ue61f\ue619)<span class=\"_ _2a0\"> </span>-<span class=\"_ _d4\"> </span>(\ue61f\ue618)<span class=\"_ _b2\"> </span>(\ue61d)Dividends paid to non-controlling interests  (\ue617)<span class=\"_ _166\"> </span>-<span class=\"_ _13c\"> </span>(\ue619<span class=\"_ _2\"></span>\ue616)<span class=\"_ _12c\"> </span>(\ue619) (\ue619) during the year(1) Included in cash \ue617ows fr<span class=\"_ _0\"></span>om \ue615nancing activities.3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.9 Other comprehensive income - net of tax2021Attributed to owners of the Compan<span class=\"_ _0\"></span>yMILLION EUROExchange di\ue615erences on translation of foreign operations<span class=\"_ _2fa\"> </span>\ue61f\ue617<span class=\"_ _af\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _c7\"> </span>\ue61f\ue617<span class=\"_ _8d\"> </span>\ue616<span class=\"_ _25c\"> </span>\ue61a\ue61eE\ue615ective portion of changes in fair value of cash \ue613ow hedges, net of tax<span class=\"_ _b4\"> </span>-<span class=\"_ _8d\"> </span>\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _9a\"> </span>\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _2cc\"> </span>\ue618Net changes in fair value of cash \ue613ow hedges reclassi\ue614ed to pro\ue614t or loss, net of tax<span class=\"_ _237\"> </span>-<span class=\"_ _93\"> </span>(\ue61d)<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _93\"> </span>(\ue61d)<span class=\"_ _da\"> </span>-<span class=\"_ _23e\"> </span>(\ue61d)Net changes in fair value of cash \ue613ow hedges transferred to initial carrying amount  -<span class=\"_ _183\"> </span>(\ue61d\ue61a)<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _183\"> </span>(\ue61d\ue61a)<span class=\"_ _af\"> </span>-<span class=\"_ _233\"> </span>(\ue61d\ue61a)of hedged items, net of taxNet change in fair value of equity investments through OCI<span class=\"_ _de\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _8d\"> </span>\ue61f<span class=\"_ _2e\"> </span>-<span class=\"_ _8d\"> </span>\ue61f<span class=\"_ _da\"> </span>-<span class=\"_ _2cc\"> </span>\ue61fRemeasurement of the net de\ue614ned bene\ue614t liability<span class=\"_ _2\"></span>, net of tax<span class=\"_ _a9\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _233\"> </span>\ue61c\ue61b<span class=\"_ _c7\"> </span>\ue61c\ue61b<span class=\"_ _da\"> </span>-<span class=\"_ _29\"> </span>\ue61c\ue61bTOT<span class=\"_ _2\"></span>AL OTHER COMPREHENSIVE INCOME, NET OF T<span class=\"_ _2\"></span>AX<span class=\"_ _2f9\"> </span>26<span class=\"_ _9b\"> </span>(9)<span class=\"_ _8d\"> </span>2<span class=\"_ _233\"> </span>89<span class=\"_ _186\"> </span>109<span class=\"_ _8d\"> </span>4<span class=\"_ _89\"> </span>1122022Attributed to owners of the Compan<span class=\"_ _0\"></span>yMILLION EUROExchange di\ue615erences on translation of foreign operations<span class=\"_ _2fb\"> </span>\ue619<span class=\"_ _af\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _ae\"> </span>\ue619<span class=\"_ _da\"> </span>-<span class=\"_ _29\"> </span>\ue619E\ue615ective portion of changes in fair value of  -<span class=\"_ _93\"> </span>(\ue618)<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _9e\"> </span>(\ue618)<span class=\"_ _af\"> </span>-<span class=\"_ _234\"> </span>(\ue618)cash \ue613ow hedges, net of taxNet changes in fair value of cash \ue613ow hedges  -<span class=\"_ _8d\"> </span>\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _9a\"> </span>\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _25c\"> </span>\ue618reclassi\ue614ed to pro\ue614t or loss, net of taxNet changes in fair value of cash \ue613ow hedges transferred to initial carrying amount of -<span class=\"_ _af\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _aa\"> </span>-hedged items, net of taxNet change in fair value of equity investments through OCI<span class=\"_ _2fc\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _93\"> </span>(\ue61f)<span class=\"_ _2e\"> </span>-<span class=\"_ _9e\"> </span>(\ue61f)<span class=\"_ _af\"> </span>-<span class=\"_ _234\"> </span>(\ue61f)Remeasurement of the net de\ue614ned bene\ue614t liability<span class=\"_ _2\"></span>, net of tax<span class=\"_ _1f4\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _237\"> </span>\ue61d\ue61f\ue618<span class=\"_ _186\"> </span>\ue61d\ue61f\ue618<span class=\"_ _af\"> </span>-<span class=\"_ _1c5\"> </span>\ue61d\ue61f\ue618TOT<span class=\"_ _2\"></span>AL OTHER COMPREHENSIVE INCOME, NET OF T<span class=\"_ _2\"></span>AX<span class=\"_ _2fc\"> </span>7<span class=\"_ _af\"> </span>-<span class=\"_ _9b\"> </span>(2)<span class=\"_ _237\"> </span>125<span class=\"_ _cc\"> </span>130<span class=\"_ _af\"> </span>-<span class=\"_ _1c5\"> </span>130",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__82": {
   "value": "3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>1 Share capital and share premiumAt December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> the issued capital of the Comp<span class=\"_ _0\"></span>any amounts to 187 million E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e outstanding ordinary shares amount to 154,8<span class=\"_ _2\"></span>20,528 at December 31,<span class=\"_ _0\"></span> 2022 (2<span class=\"_ _0\"></span>021: 160<span class=\"_ _0\"></span>,506,<span class=\"_ _2\"></span>706 outstanding shares<span class=\"_ _0\"></span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__83": {
   "value": "3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Reserve for own shares\ue618e reserve for<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s own shar<span class=\"_ _0\"></span>es comprises the cost of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s shares he<span class=\"_ _0\"></span>ld by the Group<span class=\"_ _2\"></span>. At December<span class=\"_ _0\"></span> 31, 2022,<span class=\"_ _2\"></span> the Group does not hold own shares (20<span class=\"_ _0\"></span>21: 68,053).On March 10<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>21, the Group h<span class=\"_ _0\"></span>as announced a share buy<span class=\"_ _0\"></span>back pr<span class=\"_ _0\"></span>ogram w<span class=\"_ _0\"></span>ith a volume up to 5<span class=\"_ _0\"></span>0 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Agfa-Gev<span class=\"_ _0\"></span>aert NV has reques<span class=\"_ _0\"></span>ted a \ue615nancial intermediary to repur<span class=\"_ _0\"></span>chase Agf<span class=\"_ _0\"></span>a-Geva<span class=\"_ _0\"></span>ert shares for<span class=\"_ _0\"></span> a maximum amount of 50<span class=\"_ _0\"></span>,000,<span class=\"_ _2\"></span>000 Euro on its behalf under the terms of an initial discr<span class=\"_ _0\"></span>etionary mandate agreement <span class=\"_ _0\"></span>with v<span class=\"_ _2\"></span>alidity until March 31, 202<span class=\"_ _0\"></span>2, e\ue614ectiv<span class=\"_ _0\"></span>e as from April 1,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> On March 8,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> the Board of Dir<span class=\"_ _0\"></span>ectors decided to extend the <span class=\"_ _0\"></span>\u20182<span class=\"_ _0\"></span>021 Share Bu<span class=\"_ _0\"></span>yback<span class=\"_ _0\"></span> program<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span> through March 31, 2<span class=\"_ _0\"></span>023 (the <span class=\"_ _2\"></span>\u2018Extended Share Buyback<span class=\"_ _0\"></span> Progr<span class=\"_ _0\"></span>am 2021<span class=\"_ _2\"></span>\u2019). Since the beginning of the share buyb<span class=\"_ _0\"></span>ack progr<span class=\"_ _2\"></span>am until June 9th, 2022,<span class=\"_ _0\"></span> based on the tr<span class=\"_ _0\"></span>ansaction date<span class=\"_ _2\"></span>, the Agfa-Gev<span class=\"_ _2\"></span>aert Group bought 12,9<span class=\"_ _0\"></span>30,66<span class=\"_ _2\"></span>2 own shares (2021 : 7<span class=\"_ _2\"></span>,312,53<span class=\"_ _0\"></span>7 shares; 20<span class=\"_ _0\"></span>22 : 5,618,125 shar<span class=\"_ _0\"></span>es) for<span class=\"_ _0\"></span> a total amount of 50 million Eur<span class=\"_ _0\"></span>o (2022 : 21 million E<span class=\"_ _0\"></span>uro; 20<span class=\"_ _0\"></span>21 : 29 million Eur<span class=\"_ _0\"></span>o). <span class=\"_ _0\"></span>With this announcement,<span class=\"_ _0\"></span> Agfa-Gev<span class=\"_ _2\"></span>aert NV has completed its share buy<span class=\"_ _2\"></span><span class=\"ws1\">-</span>back pr<span class=\"_ _0\"></span>ogram tha<span class=\"_ _0\"></span>t had started on <span class=\"_ _0\"></span>April 1, 20<span class=\"_ _0\"></span>21. In the \ue615rst half-ye<span class=\"_ _0\"></span>ar of 20<span class=\"_ _0\"></span>22, the Gr<span class=\"_ _0\"></span>oup has purchased 5,<span class=\"_ _0\"></span>618,125 own shar<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> an amount of 21 million Euro<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618ese shares were cancelle<span class=\"_ _0\"></span>d in the course of the \ue615rst half-year<span class=\"_ _2\"></span> of 2022 (2021 : 11,<span class=\"_ _0\"></span>344,336 cancellation of shar<span class=\"_ _0\"></span>es).<span class=\"_ _0\"></span> At December<span class=\"_ _0\"></span> 31, the Group does not hold own sh<span class=\"_ _0\"></span>ares.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__87": {
   "value": "3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.6 T<span class=\"_ _2\"></span>ranslation reserve\ue618e transla<span class=\"_ _0\"></span>tion reserve comprises all foreign curr<span class=\"_ _0\"></span>ency di\ue614erences arising fr<span class=\"_ _0\"></span>om the translation of the \ue615nanci<span class=\"_ _0\"></span>al statements of foreign oper<span class=\"_ _0\"></span>ations, as w<span class=\"_ _0\"></span>ell as from the tr<span class=\"_ _0\"></span>anslation of \ue615nancial instr<span class=\"_ _0\"></span>uments that hedge the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s net investment in a foreign subsidiary<span class=\"_ _2\"></span>.Until May 201<span class=\"_ _0\"></span>6, the Gr<span class=\"_ _0\"></span>oup utilized forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts to hedge the foreign currency e<span class=\"_ _0\"></span>xposure of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net inves<span class=\"_ _0\"></span>tment in one of its subsidiaries in the United States.<span class=\"_ _0\"></span> As from Ma<span class=\"_ _0\"></span>y 2016,<span class=\"_ _2\"></span> the Group has revoke<span class=\"_ _0\"></span>d the designation of the hedge<span class=\"_ _2\"></span>. \ue618e gain on the he<span class=\"_ _0\"></span>dging instrument rel<span class=\"_ _0\"></span>ating to the e\ue614ective portion of the hedg<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>as recognize<span class=\"_ _0\"></span>d in \u2018Other<span class=\"_ _2\"></span> com<span class=\"ls1 ws1\">-</span>prehensive income<span class=\"_ _2\"></span>\u2019 (December 31,<span class=\"_ _0\"></span> 2022: 1<span class=\"_ _0\"></span>0 million Euro<span class=\"_ _0\"></span>, December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>21: 10 million Euro) shall be recl<span class=\"_ _0\"></span>assi\ue615ed from equity to pro\ue615t or<span class=\"_ _0\"></span> loss on the disposal of the foreign oper<span class=\"_ _0\"></span>ation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__88": {
   "value": "3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>7 DividendsFor<span class=\"_ _2\"></span> 2021, no dividend h<span class=\"_ _0\"></span>as been paid out based on the decision of the Gener<span class=\"_ _0\"></span>al Assembly of Shar<span class=\"_ _0\"></span>eholders of Agfa-Gev<span class=\"_ _2\"></span>aert NV on May 11,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> 2022, no dividend h<span class=\"_ _0\"></span>as been paid out based on the decision of the Gener<span class=\"_ _0\"></span>al Assembly of Shar<span class=\"_ _0\"></span>eholders of Agfa-Gev<span class=\"_ _2\"></span>aert NV on May 10,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2. F<span class=\"_ _0\"></span>or 2<span class=\"_ _0\"></span>023,<span class=\"_ _0\"></span> no dividend has been recommended b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Directors.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__89": {
   "value": "3<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.8 Non-controlling interestsNon-controlling inter<span class=\"_ _0\"></span>ests have a m<span class=\"_ _0\"></span>aterial interest in nine s<span class=\"_ _0\"></span>ubsidiaries of the Group in Gre<span class=\"_ _0\"></span>ater China and the <span class=\"_ _0\"></span>ASEAN region (December 31,<span class=\"_ _0\"></span> 2022: 4<span class=\"_ _0\"></span>0 million Euro; December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>21: 52 million Euro). In E<span class=\"_ _0\"></span>urope<span class=\"_ _0\"></span>, there ar<span class=\"_ _0\"></span>e a few subsidiaries in w<span class=\"_ _0\"></span>hich non-controlling interes<span class=\"_ _0\"></span>ts have an inter<span class=\"_ _0\"></span>est that is of minor<span class=\"_ _0\"></span> importance to the Group (December 31,<span class=\"_ _2\"></span> 2022: 1 million Euro; De<span class=\"ls1 ws1\">-</span>cember 31,<span class=\"_ _0\"></span> 2021: 1 million E<span class=\"_ _0\"></span>uro).In Grea<span class=\"_ _0\"></span>ter China and the <span class=\"_ _0\"></span>ASEAN region, the Gr<span class=\"_ _0\"></span>oup and its business partner<span class=\"_ _0\"></span> Shenzhen Brother<span class=\"_ _0\"></span> Gao Deng Inv<span class=\"_ _0\"></span>estment Group Co.,<span class=\"_ _2\"></span> Ltd. combined as of 2010 their activ<span class=\"_ _0\"></span>ities aiming at reinfor<span class=\"_ _0\"></span>cing the market position in the Gr<span class=\"_ _0\"></span>eater<span class=\"_ _2\"></span> China and the ASEAN region. Shenzhen Br<span class=\"_ _0\"></span>other Gao Den<span class=\"_ _0\"></span>g Inves<span class=\"_ _0\"></span>tment Group Co<span class=\"_ _0\"></span>., Ltd. h<span class=\"_ _0\"></span>as a 49% stak<span class=\"_ _0\"></span>e in Agfa Gr<span class=\"_ _2\"></span>aphics Asia Ltd., the holding com<span class=\"ls1 ws1\">-</span>pany<span class=\"_ _0\"></span> of the combined operations of both parties.\ue618e subsidiaries of Agf<span class=\"_ _0\"></span>a Graphics Asi<span class=\"_ _0\"></span>a Ltd. at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _2\"></span>22 are: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa (W<span class=\"_ _2\"></span>uxi) Printing Plate Co.,<span class=\"_ _0\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa ASEAN Sdn.<span class=\"_ _2\"></span> Bhd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Imaging (Shenzhen<span class=\"_ _0\"></span>) Co.,<span class=\"_ _2\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Singapor<span class=\"_ _0\"></span>e Pte.<span class=\"_ _2\"></span> Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>aiwan Co<span class=\"_ _0\"></span>., Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Gr<span class=\"_ _0\"></span>aphics Shanghai Co<span class=\"_ _2\"></span>., Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa Pty Ltd.</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">OOO Agfa Graphics</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Agfa HuaGuan<span class=\"_ _0\"></span>g (Shanghai) Gr<span class=\"_ _0\"></span>aphics</span></span>Based on the current g<span class=\"_ _0\"></span>overnance str<span class=\"_ _0\"></span>ucture<span class=\"_ _0\"></span>, the Group h<span class=\"_ _0\"></span>as determined that it has control o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> these subsidiaries. <span class=\"_ _0\"></span>At December 31, 20<span class=\"_ _0\"></span>22, the accumul<span class=\"_ _0\"></span>ated amount of non-controlling inter<span class=\"_ _0\"></span>ests attributable to Shenzhen Brother<span class=\"_ _2\"></span> Gao Deng Investment Group Co.,<span class=\"_ _2\"></span> Ltd. and Lucky Hu<span class=\"_ _0\"></span>aGuang Graphics C<span class=\"_ _0\"></span>o.,<span class=\"_ _0\"></span> Ltd. amounts to 40 million E<span class=\"_ _0\"></span>uro,<span class=\"_ _2\"></span> including the loss allocated to non-controlling interests of these business partners amounts (2 million E<span class=\"_ _0\"></span>uro).\ue618e followin<span class=\"_ _0\"></span>g table summarizes the inf<span class=\"_ _0\"></span>ormation rela<span class=\"_ _0\"></span>ting to the companies in which the busines<span class=\"_ _0\"></span>s partner<span class=\"_ _0\"></span> Shenzhen Brother Gao Deng Inv<span class=\"_ _0\"></span>estment Group has a non-contr<span class=\"_ _0\"></span>olling interest of 49%,<span class=\"_ _0\"></span> and information r<span class=\"_ _0\"></span>elating to the non-controllin<span class=\"_ _0\"></span>g interest in the company<span class=\"_ _0\"></span> Agfa HuaGu<span class=\"_ _0\"></span>ang (Shanghai) Gr<span class=\"_ _2\"></span>aphics. \ue618is comp<span class=\"_ _0\"></span>any w<span class=\"_ _2\"></span>as newly established in 2019 by<span class=\"_ _0\"></span> Agfa Gr<span class=\"_ _2\"></span>aphics Asia, in which the Group has a s<span class=\"_ _0\"></span>take of 51% and by Luck<span class=\"_ _2\"></span>y HuaGuang Graphics C<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e latter holds a s<span class=\"_ _0\"></span>take of 49% in this newly es<span class=\"ls1 ws1\">-</span>tablished compan<span class=\"_ _0\"></span>y which brings the shar<span class=\"_ _0\"></span>e in this newly establishe<span class=\"_ _0\"></span>d company be<span class=\"_ _0\"></span>longing to minority shar<span class=\"_ _0\"></span>eholders to 73.99%.\ue618e information pro<span class=\"_ _0\"></span>vided is befor<span class=\"_ _0\"></span>e intercompan<span class=\"_ _0\"></span>y eliminations w<span class=\"_ _0\"></span>ith other comp<span class=\"_ _0\"></span>anies of the Agfa-Gev<span class=\"_ _2\"></span>aert Group.\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2f5\"> </span><span class=\"ffc\">2022</span>Agfa Graphics Agfa Graphics Agfa HuaGuang  Agfa HuaGuang  Asia Ltd. and Asia Ltd. and Graphics (\ue619\ue61a,\ue61b\ue61b%)Graphics (73,99%)MILLION EUROsubsidiaries (\ue616\ue61b%)subsidiaries (49%)Current assets<span class=\"_ _2c1\"> </span>\ue61b\ue61c<span class=\"_ _13f\"> </span>\ue616\ue61b<span class=\"_ _13f\"> </span>\ue619\ue61b<span class=\"_ _131\"> </span>\ue616\ue61aNon-current assets<span class=\"_ _2f6\"> </span>\ue616\ue61b<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _195\"> </span>\ue61a\ue618<span class=\"_ _ce\"> </span>-Current liabilities<span class=\"_ _202\"> </span>\ue616\ue619<span class=\"_ _13f\"> </span>\ue616\ue618<span class=\"_ _195\"> </span>\ue61a\ue61c<span class=\"_ _131\"> </span>\ue61a\ue61cNon-current liabilities<span class=\"_ _2f7\"> </span>\ue61f<span class=\"_ _2a0\"> </span>-<span class=\"_ _e0\"> </span>\ue61f<span class=\"_ _ce\"> </span>-Net assets Agfa Graphics Asia Ltd. and its  99<span class=\"_ _e0\"> </span>5<span class=\"_ _195\"> </span>74<span class=\"_ _166\"> </span>5subsidiaries (consolidated)Carrying amount of non-controlling interests in  \ue618\ue617<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _12c\"> </span></span>\ue61d\ue616<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>Ag<span class=\"_ _22\"></span>fa Graphics Asia Ltd. and its subsidiaries (\ue618\ue619%)Carrying amount of non-controlling interests in  -<span class=\"_ _212\"> </span><span class=\"ff16\">\ue618<span class=\"_ _177\"> </span></span>-<span class=\"_ _d6\"> </span><span class=\"ff16\">\ue618</span>Ag<span class=\"_ _22\"></span>fa HuaGuang Graphics (\ue61b\ue61d.\ue619\ue619%)Revenue\ue610<span class=\"_ _2c7\"> </span>\ue61d\ue617\ue616<span class=\"_ _132\"> </span>\ue61d\ue61a\ue61f<span class=\"_ _132\"> </span>\ue61d\ue619\ue61f<span class=\"_ _f8\"> </span>\ue61d\ue61d\ue61bPro\ue614t for the year<span class=\"_ _2f8\"> </span>\ue61c<span class=\"_ _2a0\"> </span>-<span class=\"_ _12c\"> </span>(\ue618)<span class=\"_ _f3\"> </span>-Pro\ue615t allocated to non-controlling interests in Agfa \ue618<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _132\"> </span></span>(\ue614)<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>Graphics Asia Ltd. and its subsidiaries (\ue618\ue619%)Pro\ue615t allocated to non-controlling interests in Agfa -<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>HuaGuang Graphics Asia (\ue61b\ue61d.\ue619\ue619%)Other comprehensive income: translation di\ue615erences<span class=\"_ _2f9\"> </span>\ue616<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>Other comprehensive income allocated to non-controlling -<span class=\"_ _2a0\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _f3\"> </span>-interests in Agfa Graphics Asia Ltd. and its subsidiaries (49%)T<span class=\"_ _2\"></span>otal comprehensive income allocated to  non-controlling interests in Agfa Graphics Asia Ltd.  \ue617<span class=\"_ _2a0\"> </span><span class=\"ffb\">-<span class=\"_ _132\"> </span></span>(\ue614)<span class=\"_ _f3\"> </span><span class=\"ffb\">-</span>and its subsidiaries (\ue618\ue619%)T<span class=\"_ _2\"></span>otal comprehensive income allocated to  non-controlling interests in Agfa HuaGuang Graphics -<span class=\"_ _166\"> </span><span class=\"ff16\">-<span class=\"_ _177\"> </span></span>-<span class=\"_ _177\"> </span><span class=\"ff16\">-</span>(\ue61b\ue61d.\ue619\ue619%)Cash \ue613ows from operating activities<span class=\"_ _249\"> </span>\ue61f\ue61d<span class=\"_ _e0\"> </span>\ue61d<span class=\"_ _195\"> </span>\ue61a\ue61c<span class=\"_ _166\"> </span>\ue61dCash \ue613ows from investing activities<span class=\"_ _242\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _2a0\"> </span>-<span class=\"_ _f3\"> </span>-Cash \ue613ows from \ue614nancing activities<span class=\"_ _289\"> </span>(\ue61f\ue619)<span class=\"_ _2a0\"> </span>-<span class=\"_ _d4\"> </span>(\ue61f\ue618)<span class=\"_ _b2\"> </span>(\ue61d)Dividends paid to non-controlling interests  (\ue617)<span class=\"_ _166\"> </span>-<span class=\"_ _13c\"> </span>(\ue619<span class=\"_ _2\"></span>\ue616)<span class=\"_ _12c\"> </span>(\ue619) (\ue619) during the year(1) Included in cash \ue617ows fr<span class=\"_ _0\"></span>om \ue615nancing activities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__91": {
   "value": "38.4 Reconciliation of liabilities arising from \ue61fnancing activities\ue618e table below details ch<span class=\"_ _0\"></span>anges in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s liabilities arisin<span class=\"_ _0\"></span>g from \ue615nancing activ<span class=\"_ _0\"></span>ities, including both cash and non-cash changes.<span class=\"_ _0\"></span> Liabilities arising from \ue615n<span class=\"_ _0\"></span>ancing activities ar<span class=\"_ _0\"></span>e those for w<span class=\"_ _0\"></span>hich cash \ue617ows wer<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or future cash \ue617ows <span class=\"_ _0\"></span>will be<span class=\"_ _0\"></span>, classi\ue615ed in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s consolidated s<span class=\"_ _0\"></span>tatement of cash \ue617ows as cash \ue617ow<span class=\"_ _0\"></span>s from \ue615nancing activ<span class=\"_ _0\"></span>ities.Cash \ue613ows from  Non-cash\ue610changes\ue614nancing activitiesMILLION EURORevolving credit facility<span class=\"_ _2cd\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _91\"> </span>(\ue61d)Liabilities to banks<span class=\"_ _249\"> </span>\ue61a<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _1f3\"> </span>\ue61d<span class=\"_ _89\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61a<span class=\"_ _237\"> </span>-<span class=\"_ _234\"> </span>\ue616Debentures<span class=\"_ _306\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _237\"> </span>-<span class=\"_ _ac\"> </span>-\ue610(\ue61d)Lease liabilities<span class=\"_ _307\"> </span>\ue619\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _2e0\"> </span>(\ue61a\ue61e)\ue61d\ue616<span class=\"_ _2e\"> </span>-<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _234\"> </span>\ue61f<span class=\"_ _a0\"> </span>\ue61c<span class=\"_ _184\"> </span>\ue617\ue61fBank overdrafts\ue610<span class=\"_ _28b\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _91\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _237\"> </span>-<span class=\"_ _ac\"> </span>-T<span class=\"_ _2\"></span>otal Loans and borrowings<span class=\"_ _1f6\"> </span>72<span class=\"_ _9f\"> </span>(3)<span class=\"_ _2e0\"> </span>(29)<span class=\"_ _96\"> </span>14<span class=\"_ _2e\"> </span>-<span class=\"_ _8f\"> </span>(3)<span class=\"_ _232\"> </span>5<span class=\"_ _57\"> </span>8<span class=\"_ _184\"> </span>66(1) Comprises interests p<span class=\"_ _0\"></span>aid (2 million Euro).(2) Interests paid in cash \ue617ow<span class=\"_ _0\"></span> statement comprises interests paid on net \ue615n<span class=\"_ _0\"></span>ancial debt (3 million Euro), inter<span class=\"_ _0\"></span>ests paid on cash and cash equiv<span class=\"_ _0\"></span>alents (1 million Euro),<span class=\"_ _0\"></span> and on other \ue615nancial as<span class=\"_ _0\"></span>sets and liabilities (1 million Euro).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__90-1": {
   "value": "38.4 Reconciliation of liabilities arising from \ue61fnancing activities\ue618e table below details ch<span class=\"_ _0\"></span>anges in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s liabilities arisin<span class=\"_ _0\"></span>g from \ue615nancing activ<span class=\"_ _0\"></span>ities, including both cash and non-cash changes.<span class=\"_ _0\"></span> Liabilities arising from \ue615n<span class=\"_ _0\"></span>ancing activities ar<span class=\"_ _0\"></span>e those for w<span class=\"_ _0\"></span>hich cash \ue617ows wer<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or future cash \ue617ows <span class=\"_ _0\"></span>will be<span class=\"_ _0\"></span>, classi\ue615ed in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s consolidated s<span class=\"_ _0\"></span>tatement of cash \ue617ows as cash \ue617ow<span class=\"_ _0\"></span>s from \ue615nancing activ<span class=\"_ _0\"></span>ities.Cash \ue613ows from  Non-cash\ue610changes\ue614nancing activitiesMILLION EURORevolving credit facility<span class=\"_ _2cd\"> </span>(\ue61d)<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _91\"> </span>(\ue61d)Liabilities to banks<span class=\"_ _249\"> </span>\ue61a<span class=\"_ _8f\"> </span>(\ue61a)<span class=\"_ _1f3\"> </span>\ue61d<span class=\"_ _89\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _234\"> </span>\ue61a<span class=\"_ _237\"> </span>-<span class=\"_ _234\"> </span>\ue616Debentures<span class=\"_ _306\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _26d\"> </span>-<span class=\"_ _cb\"> </span>-<span class=\"_ _237\"> </span>-<span class=\"_ _ac\"> </span>-\ue610(\ue61d)Lease liabilities<span class=\"_ _307\"> </span>\ue619\ue61e<span class=\"_ _26d\"> </span>-<span class=\"_ _2e0\"> </span>(\ue61a\ue61e)\ue61d\ue616<span class=\"_ _2e\"> </span>-<span class=\"_ _a5\"> </span>(\ue61a)<span class=\"_ _234\"> </span>\ue61f<span class=\"_ _a0\"> </span>\ue61c<span class=\"_ _184\"> </span>\ue617\ue61fBank overdrafts\ue610<span class=\"_ _28b\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _91\"> </span>-<span class=\"_ _d0\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _ac\"> </span>-<span class=\"_ _237\"> </span>-<span class=\"_ _ac\"> </span>-T<span class=\"_ _2\"></span>otal Loans and borrowings<span class=\"_ _1f6\"> </span>72<span class=\"_ _9f\"> </span>(3)<span class=\"_ _2e0\"> </span>(29)<span class=\"_ _96\"> </span>14<span class=\"_ _2e\"> </span>-<span class=\"_ _8f\"> </span>(3)<span class=\"_ _232\"> </span>5<span class=\"_ _57\"> </span>8<span class=\"_ _184\"> </span>66(1) Comprises interests p<span class=\"_ _0\"></span>aid (2 million Euro).(2) Interests paid in cash \ue617ow<span class=\"_ _0\"></span> statement comprises interests paid on net \ue615n<span class=\"_ _0\"></span>ancial debt (3 million Euro), inter<span class=\"_ _0\"></span>ests paid on cash and cash equiv<span class=\"_ _0\"></span>alents (1 million Euro),<span class=\"_ _0\"></span> and on other \ue615nancial as<span class=\"_ _0\"></span>sets and liabilities (1 million Euro). LOANS <span class=\"_ _2\"></span>AND BORROWINGSMILLION EURO<span class=\"_ _2fd\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _e1\"> </span><span class=\"ffc\">2022</span>Non-current liabilities<span class=\"_ _1f2\"> </span>46<span class=\"_ _291\"> </span>41Revolving credit facility<span class=\"_ _1cb\"> </span>(\ue61d)<span class=\"_ _a9\"> </span>(\ue61d)Lease liabilities<span class=\"_ _118\"> </span>\ue616\ue619<span class=\"_ _291\"> </span>\ue616\ue61fCurrent liabilities<span class=\"_ _78\"> </span>27<span class=\"_ _291\"> </span>25Liabilities to banks<span class=\"_ _228\"> </span>\ue61a<span class=\"_ _8e\"> </span>\ue616Debentures<span class=\"_ _11f\"> </span>-<span class=\"_ _b0\"> </span>-Bank overdrafts<span class=\"_ _1d0\"> </span>-<span class=\"_ _b0\"> </span>-Lease liabilities<span class=\"_ _118\"> </span>\ue61f\ue616<span class=\"_ _291\"> </span>\ue61f\ue61eTOT<span class=\"_ _2\"></span>AL LOANS AND BORROWINGS<span class=\"_ _1fa\"> </span>72<span class=\"_ _291\"> </span>6638.<span class=\"_ _2\"></span>1 Revolving credit facilityOn March 5, 2<span class=\"_ _0\"></span>021,<span class=\"_ _0\"></span> Agfa-Gev<span class=\"_ _2\"></span>aert NV closed a three-ye<span class=\"_ _0\"></span>ar multi-curr<span class=\"_ _0\"></span>ency revolv<span class=\"_ _0\"></span>ing credit f<span class=\"_ _0\"></span>acility of 230 million Eur<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618is facility is unsecur<span class=\"_ _0\"></span>ed and prov<span class=\"_ _0\"></span>ides for<span class=\"_ _0\"></span> an extension of the term of two times one ye<span class=\"_ _2\"></span>ar.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _2\"></span> the facility has been extended w<span class=\"_ _0\"></span>ith one additional ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>, extending the maturit<span class=\"_ _0\"></span>y date until March 2<span class=\"_ _0\"></span>025. In Janu<span class=\"_ _0\"></span>ary 2023,<span class=\"_ _0\"></span> this facility h<span class=\"_ _0\"></span>ad again been extended w<span class=\"_ _0\"></span>ith one additional ye<span class=\"_ _2\"></span>ar till March 202<span class=\"_ _0\"></span>6. <span class=\"_ _2\"></span>\ue618e new revolving cr<span class=\"_ _0\"></span>edit facility<span class=\"_ _0\"></span> will be used for<span class=\"_ _2\"></span> general corporate purposes.<span class=\"_ _2\"></span> \ue618e applicable interest r<span class=\"_ _2\"></span>ate is Euribor<span class=\"_ _2\"></span>, Libor or<span class=\"_ _0\"></span> its equivalent r<span class=\"_ _0\"></span>eplacement benchmark (R<span class=\"_ _0\"></span>euters) and a margin. In g<span class=\"_ _0\"></span>eneral,<span class=\"_ _0\"></span> dra<span class=\"_ _0\"></span>wdo<span class=\"_ _0\"></span>wns under this f<span class=\"_ _0\"></span>acility are m<span class=\"_ _0\"></span>ade for<span class=\"_ _0\"></span> short periods, but the Group has the discr<span class=\"_ _0\"></span>etion to rollov<span class=\"_ _0\"></span>er the liability under<span class=\"_ _2\"></span> the existing committed loan facilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. \ue618e conditions of the revolvin<span class=\"_ _0\"></span>g credit facilit<span class=\"_ _0\"></span>y stipulate tha<span class=\"_ _0\"></span>t in case of a signi\ue615cant disposal of part of the Group,<span class=\"_ _0\"></span> an event of default could occur<span class=\"_ _2\"></span>. Pr<span class=\"_ _0\"></span>o-actively <span class=\"_ _0\"></span>, the Group h<span class=\"_ _0\"></span>as obtained a w<span class=\"_ _0\"></span>aiver<span class=\"_ _0\"></span> for the potential ev<span class=\"_ _0\"></span>ent of default re<span class=\"_ _0\"></span>lated to the disposal of the O\ue614set business.  At December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22 and 2021,<span class=\"_ _0\"></span> there w<span class=\"_ _0\"></span>ere no dra<span class=\"_ _0\"></span>wdo<span class=\"_ _0\"></span>wns under this f<span class=\"_ _0\"></span>acility<span class=\"_ _2\"></span>. MILLION EURO<span class=\"_ _26e\"> </span>Notional amount<span class=\"_ _2fe\"> </span>Outstanding amount<span class=\"_ _233\"> </span>Currency<span class=\"_ _2fe\"> </span>Interest rateMaturity date<span class=\"_ _2fb\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _29\"> </span><span class=\"ffc\">2022<span class=\"_ _29\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _29\"> </span><span class=\"ffc\">2022<span class=\"_ _2ff\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _2f\"> </span><span class=\"ffc\">2022</span>\ue61f\ue61e\ue61f\ue618<span class=\"_ _300\"> </span>\ue61f\ue61a\ue61e<span class=\"_ _2cc\"> </span>\ue61f\ue61a\ue61e<span class=\"_ _f2\"> </span>-<span class=\"_ _236\"> </span>-<span class=\"_ _2f\"> </span>EUR<span class=\"_ _236\"> </span>-<span class=\"_ _203\"> </span>-TOT<span class=\"_ _0\"></span>AL<span class=\"_ _298\"> </span><span class=\"ls1 ws1\">230<span class=\"_ _2cc\"> </span>230<span class=\"_ _236\"> </span>-<span class=\"_ _f2\"> </span>-</span>38.2 Lease liabilities\ue618e group mainly le<span class=\"_ _0\"></span>ases buildings (such as o\ue616ce buildings and <span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ehouses),<span class=\"_ _0\"></span> company cars,<span class=\"_ _2\"></span> other transportation equip<span class=\"ws1\">-</span>ment (such as forklifts<span class=\"_ _0\"></span>), and other<span class=\"_ _0\"></span> equipment (such as IT<span class=\"_ _2\"></span> equipment).Building leases include both annually<span class=\"_ _0\"></span> renew<span class=\"_ _0\"></span>able contra<span class=\"_ _0\"></span>cts with options to renew the le<span class=\"_ _2\"></span>ase, as w<span class=\"_ _0\"></span>ell as leases w<span class=\"_ _0\"></span>ith longer<span class=\"_ _0\"></span> \ue615xed le<span class=\"_ _0\"></span>ase terms. <span class=\"_ _2\"></span>\ue618e lease liability rel<span class=\"_ _0\"></span>ating to building leases amounts to 45 million E<span class=\"_ _0\"></span>uro or<span class=\"_ _0\"></span> approxima<span class=\"_ _0\"></span>tely 72% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s lease liability<span class=\"_ _1\"></span>, and has an aver<span class=\"_ _0\"></span>age estimate<span class=\"_ _0\"></span>d remaining le<span class=\"_ _0\"></span>ase term of three ye<span class=\"_ _0\"></span>ars.Compan<span class=\"_ _0\"></span>y car le<span class=\"_ _0\"></span>ases typically run f<span class=\"_ _0\"></span>or a period of four<span class=\"_ _2\"></span> to \ue615ve years and repr<span class=\"_ _0\"></span>esent approxima<span class=\"_ _0\"></span>tely 26% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s lease lia<span class=\"ws1\">-</span>bility<span class=\"_ _2\"></span>. Other<span class=\"_ _0\"></span> leases r<span class=\"_ _0\"></span>epresent less than 2% of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s lease li<span class=\"_ _0\"></span>ability and include forklifts,<span class=\"_ _0\"></span> printers, pa<span class=\"_ _0\"></span>ckaging sys<span class=\"_ _0\"></span>tems, etc.Lease liabilities ar<span class=\"_ _0\"></span>e pay<span class=\"_ _2\"></span>able as follows:MILLION EURO<span class=\"_ _2b3\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _1a8\"> </span><span class=\"ffc\">2022</span>Maturing\ue610<span class=\"_ _301\"> </span>Outstanding amount<span class=\"_ _8f\"> </span>Incremental borrowing rate<span class=\"_ _8f\"> </span><span class=\"ffc\">Outstanding amount<span class=\"_ _a5\"> </span>Incremental b<span class=\"_ _22\"></span>orrowing rate</span>&lt; \ue61d year<span class=\"_ _302\"> </span>\ue61f\ue616<span class=\"_ _1df\"> </span>\ue61f.\ue618%<span class=\"_ _2f0\"> </span>\ue61f\ue61e<span class=\"_ _1df\"> </span>\ue61f.\ue616%Between \ue61d-\ue618 years<span class=\"_ _4a\"> </span>\ue616\ue61a<span class=\"_ _1df\"> </span>\ue61f.\ue618%<span class=\"_ _db\"> </span>\ue61a\ue618<span class=\"_ _1df\"> </span>\ue61a.\ue61f%&gt; \ue618 years<span class=\"_ _303\"> </span>\ue61a<span class=\"_ _1df\"> </span>\ue618.\ue61c%<span class=\"_ _ef\"> </span>\ue617<span class=\"_ _1df\"> </span>\ue618.\ue61a%TOT<span class=\"_ _0\"></span>AL\ue614<span class=\"_ _304\"> </span><span class=\"ls1 ws1\">71<span class=\"_ _305\"> </span>62</span>Lease liabilities do not comprise costs f<span class=\"_ _0\"></span>or low<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue leases, short-term le<span class=\"_ _2\"></span>ases and other out of scope costs, amounting to 11 million Euro in total (20<span class=\"_ _2\"></span>21: 9 million Euro).38.3 Liabilities to banksLiabilities to bank<span class=\"_ _0\"></span>s comprise at December 31,<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2, short-term facilities in LA<span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>AM and ASP<span class=\"_ _2\"></span>AC countries w<span class=\"_ _0\"></span>ith a weighted aver<span class=\"_ _2\"></span>age interest rate of 6<span class=\"_ _0\"></span>.36% (2021: 1<span class=\"_ _0\"></span>6.6%).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__94": {
   "value": ". PROVISIONSAs of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>isions amounted to 50 million Eur<span class=\"_ _0\"></span>o (2021: 54 million E<span class=\"_ _0\"></span>uro).MILLION EURO<span class=\"_ _265\"> </span>Environmental<span class=\"_ _296\"> </span>T<span class=\"_ _2\"></span>rade-related<span class=\"_ _a3\"> </span>Restructuring<span class=\"_ _26d\"> </span>Other<span class=\"_ _2f\"> </span><span class=\"ffc ls4 ws5\">TOTAL</span>Provisions at December 31, 2021<span class=\"_ _308\"> </span>3<span class=\"_ _41\"> </span>10<span class=\"_ _41\"> </span>33<span class=\"_ _39\"> </span>8<span class=\"_ _41\"> </span>54Provisions made during the year<span class=\"_ _264\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _41\"> </span>\ue61f\ue617<span class=\"_ _39\"> </span>\ue61d<span class=\"_ _41\"> </span>\ue61f\ue619Provisions used during the year<span class=\"_ _300\"> </span>(\ue61d)<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _38\"> </span>(\ue61f\ue616)<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _38\"> </span>(\ue61f\ue619)Business combinations divestment<span class=\"_ _2cb\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)Provisions reversed during the year<span class=\"_ _309\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _3b\"> </span>(\ue61a)<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue616)Exchange di\ue615erences<span class=\"_ _30a\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-T<span class=\"_ _2\"></span>ransfers<span class=\"_ _2c4\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-Provisions at December 31, 2022<span class=\"_ _308\"> </span>2<span class=\"_ _39\"> </span>9<span class=\"_ _41\"> </span>31<span class=\"_ _39\"> </span>8<span class=\"_ _41\"> </span>50Prov<span class=\"_ _0\"></span>isions for en<span class=\"_ _2\"></span>vironmental protection rela<span class=\"_ _0\"></span>te to future re-landscapin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> land\ue615ll modernization and the remedia<span class=\"_ _0\"></span>tion of land contaminated b<span class=\"_ _0\"></span>y past industrial oper<span class=\"_ _2\"></span>ations.Prov<span class=\"_ _0\"></span>isions for tr<span class=\"_ _2\"></span>ade-related commitments at closing d<span class=\"_ _0\"></span>ate and relate<span class=\"_ _0\"></span>d \ue617ows during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> primarily comprise commis<span class=\"ws1\">-</span>sions to agents, <span class=\"_ _0\"></span>warr<span class=\"_ _2\"></span>anty provisions and commerci<span class=\"_ _0\"></span>al litigations.Prov<span class=\"_ _0\"></span>isions for r<span class=\"_ _0\"></span>estructuring mainly<span class=\"_ _0\"></span> comprise employee re<span class=\"_ _0\"></span>lated costs reg<span class=\"_ _0\"></span>arding the announced r<span class=\"_ _0\"></span>eorganization and tr<span class=\"_ _0\"></span>ans<span class=\"ws1\">-</span>formation projects.Additions for this <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> mainly comprise costs linked to speci\ue615c cost sav<span class=\"_ _0\"></span>ing measur<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> Radiology and DPC, Finance as w<span class=\"_ _0\"></span>ell as costs for<span class=\"_ _0\"></span> a voluntary lea<span class=\"_ _0\"></span>ve plan for<span class=\"_ _0\"></span> people aged abo<span class=\"_ _0\"></span>ve 60 in Belgium and individu<span class=\"_ _0\"></span>al e\ue616ciency restructuring initi<span class=\"_ _0\"></span>atives.Other pr<span class=\"_ _0\"></span>ovisions comprise a pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> dismantling of the O\ue614set production site in German<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, legal cl<span class=\"_ _0\"></span>aims (including lawyer<span class=\"_ _2\"></span> fees) and a legal claim regar<span class=\"_ _0\"></span>ding import duties.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__93": {
   "value": ". PROVISIONSAs of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>isions amounted to 50 million Eur<span class=\"_ _0\"></span>o (2021: 54 million E<span class=\"_ _0\"></span>uro).MILLION EURO<span class=\"_ _265\"> </span>Environmental<span class=\"_ _296\"> </span>T<span class=\"_ _2\"></span>rade-related<span class=\"_ _a3\"> </span>Restructuring<span class=\"_ _26d\"> </span>Other<span class=\"_ _2f\"> </span><span class=\"ffc ls4 ws5\">TOTAL</span>Provisions at December 31, 2021<span class=\"_ _308\"> </span>3<span class=\"_ _41\"> </span>10<span class=\"_ _41\"> </span>33<span class=\"_ _39\"> </span>8<span class=\"_ _41\"> </span>54Provisions made during the year<span class=\"_ _264\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _41\"> </span>\ue61f\ue617<span class=\"_ _39\"> </span>\ue61d<span class=\"_ _41\"> </span>\ue61f\ue619Provisions used during the year<span class=\"_ _300\"> </span>(\ue61d)<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _38\"> </span>(\ue61f\ue616)<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _38\"> </span>(\ue61f\ue619)Business combinations divestment<span class=\"_ _2cb\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)Provisions reversed during the year<span class=\"_ _309\"> </span>-<span class=\"_ _3b\"> </span>(\ue61d)<span class=\"_ _3b\"> </span>(\ue61a)<span class=\"_ _4c\"> </span>-<span class=\"_ _3b\"> </span>(\ue616)Exchange di\ue615erences<span class=\"_ _30a\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-T<span class=\"_ _2\"></span>ransfers<span class=\"_ _2c4\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-<span class=\"_ _4c\"> </span>-Provisions at December 31, 2022<span class=\"_ _308\"> </span>2<span class=\"_ _39\"> </span>9<span class=\"_ _41\"> </span>31<span class=\"_ _39\"> </span>8<span class=\"_ _41\"> </span>50Prov<span class=\"_ _0\"></span>isions for en<span class=\"_ _2\"></span>vironmental protection rela<span class=\"_ _0\"></span>te to future re-landscapin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> land\ue615ll modernization and the remedia<span class=\"_ _0\"></span>tion of land contaminated b<span class=\"_ _0\"></span>y past industrial oper<span class=\"_ _2\"></span>ations.Prov<span class=\"_ _0\"></span>isions for tr<span class=\"_ _2\"></span>ade-related commitments at closing d<span class=\"_ _0\"></span>ate and relate<span class=\"_ _0\"></span>d \ue617ows during the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> primarily comprise commis<span class=\"ws1\">-</span>sions to agents, <span class=\"_ _0\"></span>warr<span class=\"_ _2\"></span>anty provisions and commerci<span class=\"_ _0\"></span>al litigations.Prov<span class=\"_ _0\"></span>isions for r<span class=\"_ _0\"></span>estructuring mainly<span class=\"_ _0\"></span> comprise employee re<span class=\"_ _0\"></span>lated costs reg<span class=\"_ _0\"></span>arding the announced r<span class=\"_ _0\"></span>eorganization and tr<span class=\"_ _0\"></span>ans<span class=\"ws1\">-</span>formation projects.Additions for this <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> mainly comprise costs linked to speci\ue615c cost sav<span class=\"_ _0\"></span>ing measur<span class=\"_ _0\"></span>es for<span class=\"_ _0\"></span> Radiology and DPC, Finance as w<span class=\"_ _0\"></span>ell as costs for<span class=\"_ _0\"></span> a voluntary lea<span class=\"_ _0\"></span>ve plan for<span class=\"_ _0\"></span> people aged abo<span class=\"_ _0\"></span>ve 60 in Belgium and individu<span class=\"_ _0\"></span>al e\ue616ciency restructuring initi<span class=\"_ _0\"></span>atives.Other pr<span class=\"_ _0\"></span>ovisions comprise a pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> dismantling of the O\ue614set production site in German<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, legal cl<span class=\"_ _0\"></span>aims (including lawyer<span class=\"_ _2\"></span> fees) and a legal claim regar<span class=\"_ _0\"></span>ding import duties.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__95-1": {
   "value": " OTHER P<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _2\"></span>ABLES\ue618e other p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ables at December<span class=\"_ _0\"></span> 31, 20<span class=\"_ _0\"></span>22, amounting to 6 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: 9 million Euro) comprise a li<span class=\"_ _0\"></span>ability manda<span class=\"ws1\">-</span>torily measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t or loss (20<span class=\"_ _2\"></span>22: 2 million Euro,<span class=\"_ _0\"></span> 2021: 2 million E<span class=\"_ _0\"></span>uro) r<span class=\"_ _0\"></span>elated to a deposit of 3.4 ton silver<span class=\"_ _0\"></span> placed by a metal r<span class=\"_ _0\"></span>ecovery and r<span class=\"_ _0\"></span>e\ue615ning company<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>d at the quoted mark<span class=\"_ _0\"></span>et price interests, sh<span class=\"_ _0\"></span>are-based p<span class=\"_ _0\"></span>ayment transactions (<span class=\"_ _0\"></span>see Note 15),<span class=\"_ _0\"></span> tanti\u00e8mes, accru<span class=\"_ _0\"></span>als for insur<span class=\"_ _2\"></span>ances, \ue615nance leases,<span class=\"_ _0\"></span> liabilities against sta\ue614 res<span class=\"_ _0\"></span>ulting from compen<span class=\"ws1\">-</span>sation of tra<span class=\"_ _0\"></span>vel and other<span class=\"_ _0\"></span> personal rela<span class=\"_ _0\"></span>ted expenses and other<span class=\"_ _0\"></span> various amounts p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>. OTHER LIABILITIES\ue618e other lia<span class=\"_ _0\"></span>bilities current and non-current at December<span class=\"_ _2\"></span> 31, 2022,<span class=\"_ _0\"></span> amounting in aggregate to 1 million E<span class=\"_ _0\"></span>uro (20<span class=\"_ _0\"></span>21: less than 0.5 million E<span class=\"_ _0\"></span>uro)  comprise the une<span class=\"_ _0\"></span>arned portion of gov<span class=\"_ _0\"></span>ernment grants and subsidies and other<span class=\"_ _2\"></span> current liabilities.LIST OF SUBSIDIARIES",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__97": {
   "value": "<span class=\"_ _d1\"> </span>INVESTMENTS IN SUBSIDIARIES\ue618e ultimate par<span class=\"_ _0\"></span>ent of the Group is Agfa-Gev<span class=\"_ _2\"></span>aert NV (BE 0404 0<span class=\"_ _2\"></span>21 727),<span class=\"_ _0\"></span> Mortsel (Belgium).<span class=\"_ _0\"></span> \ue618e C<span class=\"_ _0\"></span>ompany<span class=\"_ _0\"></span> is the parent company<span class=\"_ _0\"></span> for the follo<span class=\"_ _0\"></span>wing signi\ue615cant subsidi<span class=\"_ _0\"></span>aries.Consolidated companies, December 31, 2022Name of the company<span class=\"_ _128\"> </span>Location<span class=\"_ _1a7\"> </span>E\ue615ective interest %Agfa (Pty<span class=\"_ _2\"></span>.) Ltd.<span class=\"_ _30b\"> </span>Isando/Rep. of South <span class=\"_ _2\"></span>Africa<span class=\"_ _2f4\"> </span>\ue618\ue61dAgfa (W<span class=\"_ _0\"></span>uxi) Imaging Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _30c\"> </span>W<span class=\"_ _0\"></span>uxi/PR China<span class=\"_ _1d8\"> </span>\ue61b\ue61b.\ue61d\ue617Agfa (W<span class=\"_ _0\"></span>uxi) Printing Plate Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _1f5\"> </span>Wuxi/PR China<span class=\"_ _2e5\"> </span>\ue618\ue61dAgfa ASEAN Sdn. Bhd.<span class=\"_ _3d\"> </span>Kuala Lumpur/Malaysia<span class=\"_ _306\"> </span>\ue618\ue61dAgfa Corporation<span class=\"_ _2e4\"> </span>Elmwood P<span class=\"_ _0\"></span>ark/United States of America<span class=\"_ _1e7\"> </span>\ue61d\ue61e\ue61eAgfa de Mexico S.A. de C.V<span class=\"_ _1\"></span>.\ue610<span class=\"_ _298\"> </span>Mexico D.F<span class=\"_ _1\"></span>./Mexico\ue610<span class=\"_ _30a\"> </span>\ue61d\ue61e\ue61eAgfa Finance Corp<span class=\"_ _2\"></span>.<span class=\"_ _26a\"> </span>Wilmington/United States of America<span class=\"_ _2b1\"> </span>\ue61d\ue61e\ue61eAgfa Finance Inc.<span class=\"_ _2e4\"> </span>T<span class=\"_ _1\"></span>oronto/Canada<span class=\"_ _30d\"> </span>\ue61d\ue61e\ue61eAgfa Finance Italy SpA<span class=\"_ _239\"> </span>Milan/Italy<span class=\"_ _152\"> </span>\ue61d\ue61e\ue61eAgfa Finance NV\ue610<span class=\"_ _2d3\"> </span>Mortsel/Belgium<span class=\"_ _47\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Argentina S.A.<span class=\"_ _2cd\"> </span><span class=\"wsb5\">Buenos Aires/Argentina<span class=\"_ _262\"> </span></span>\ue61d\ue61e\ue61eAgfa Graphics Asia Ltd.<span class=\"_ _30e\"> </span>Hong Kong/PR China<span class=\"_ _30f\"> </span>\ue618\ue61dAgfa Graphics Ecuador CIA. L<span class=\"_ _2\"></span>TDA<span class=\"_ _1e3\"> </span>Quito/Ecuador<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Ltd.<span class=\"_ _311\"> </span>Leeds/United Kingdom<span class=\"_ _312\"> </span>\ue61d\ue61e\ue61eAgfa Middle East FZCO<span class=\"_ _2b7\"> </span><span class=\"wsb5\">Dubai/United Arab Emirates<span class=\"_ _235\"> </span></span>\ue61d\ue61e\ue61eAgfa NV\ue610<span class=\"_ _313\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa Graphics S.r<span class=\"_ _2\"></span>.l.<span class=\"_ _48\"> </span>Milano/Italy<span class=\"_ _314\"> </span>\ue61d\ue61e\ue61eAgfa S.A. (Arg)<span class=\"_ _25d\"> </span><span class=\"wsb5\">Buenos Aires/Argentina<span class=\"_ _3c\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare Australia Pty<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _40\"> </span>Scoresby/Australia<span class=\"_ _305\"> </span>\ue61d\ue61e\ue61eAgfa Do Brasil Ltda.<span class=\"_ _315\"> </span>Sao Paulo/Brazil<span class=\"_ _161\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Chile Ltda.<span class=\"_ _298\"> </span>Santiago de Chile/Chile<span class=\"_ _3c\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare C<span class=\"_ _0\"></span>olombia Ltda.<span class=\"_ _14f\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare C<span class=\"_ _0\"></span>orporation<span class=\"_ _316\"> </span>Greenville/United States of America<span class=\"_ _317\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Denmark A/S<span class=\"_ _a4\"> </span>Copenhagen/Denmark<span class=\"_ _2e1\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Germany GmbH<span class=\"_ _3f\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Hong Kong Ltd.<span class=\"_ _dc\"> </span>Hong Kong/PR China<span class=\"_ _3a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Inc.<span class=\"_ _242\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare India Private Ltd.<span class=\"_ _1f5\"> </span>Thane/India<span class=\"_ _314\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Luxembourg S.A.<span class=\"_ _1f5\"> </span>Bertrange/Luxembourg<span class=\"_ _312\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Malaysia Sdn. Bhd.<span class=\"_ _be\"> </span>Kuala Lumpur/Malaysia<span class=\"_ _262\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Mexico S.A. de C.V<span class=\"_ _1\"></span>.<span class=\"_ _319\"> </span>Mexico D.F<span class=\"_ _1\"></span>./Mexico\ue610<span class=\"_ _30a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Norway AS<span class=\"_ _23d\"> </span>Oslo/Norway<span class=\"_ _140\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare NV\ue610<span class=\"_ _31a\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Saudi Arabia C<span class=\"_ _2\"></span>ompany Limited LLC<span class=\"_ _23f\"> </span><span class=\"wsb5\">Riyadh/Saudi Arabia<span class=\"_ _30f\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare (Shanghai) C<span class=\"_ _0\"></span>o. Ltd.\ue610<span class=\"_ _b0\"> </span>Shanghai/PR China<span class=\"_ _31b\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Singapore Pte. Ltd.<span class=\"_ _be\"> </span>Singapore/Republic of Singapore<span class=\"_ _300\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare South Africa Pty<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _de\"> </span>Gauteng/Rep. of South <span class=\"_ _2\"></span>Africa<span class=\"_ _239\"> </span>\ue610\ue61d\ue61e\ue61eAgfa HealthCare Spain S.A.U.\ue610<span class=\"_ _2b1\"> </span>Barcelona/Spain<span class=\"_ _2a9\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Sweden <span class=\"_ _0\"></span>AB\ue610<span class=\"_ _209\"> </span>Kista/Sweden<span class=\"_ _2a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare UK Limited<span class=\"_ _1b7\"> </span>Brentford/United Kingdom<span class=\"_ _31c\"> </span>\ue61d\ue61e\ue61eAgfa Imaging (Shenzhen) Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _1e3\"> </span>Shenzhen/PR China<span class=\"_ _2be\"> </span>\ue618\ue61dAgfa Inc.<span class=\"_ _313\"> </span>Mississauga/Canada<span class=\"_ _43\"> </span>\ue61d\ue61e\ue61eAgfa Industries Korea Ltd.<span class=\"_ _145\"> </span>Seoul/K<span class=\"_ _0\"></span>orea<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa Ltd.<span class=\"_ _2a9\"> </span>Dublin/Ireland<span class=\"_ _31e\"> </span>\ue61d\ue61e\ue61eAgfa Materials Corporation<span class=\"_ _37\"> </span>Wilmington/United States of America<span class=\"_ _2b1\"> </span>\ue61d\ue61e\ue61eAgfa Materials Japan Ltd.<span class=\"_ _14d\"> </span>T<span class=\"_ _2\"></span>okyo/Japan<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa Materials T<span class=\"_ _1\"></span>aiwan Co<span class=\"_ _0\"></span>. Ltd.<span class=\"_ _2b1\"> </span>T<span class=\"_ _2\"></span>aipei/T<span class=\"_ _1\"></span>aiwan<span class=\"_ _2f6\"> </span>\ue61d\ue61e\ue61eAgfa Singapore Pte. Ltd.<span class=\"_ _264\"> </span>Singapore/R<span class=\"_ _0\"></span>epublic of Singapore<span class=\"_ _31f\"> </span>\ue618\ue61dAgfa Solutions SAS<span class=\"_ _48\"> </span>Rueil-Malmaison/F<span class=\"_ _0\"></span>rance<span class=\"_ _2e4\"> </span>\ue61d\ue61e\ue61eAgfa Sp. z.<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span>o.<span class=\"_ _320\"> </span>W<span class=\"_ _2\"></span>arsaw/Poland<span class=\"_ _4b\"> </span>\ue61d\ue61e\ue61eAgfa T<span class=\"_ _1\"></span>aiwan Co<span class=\"_ _0\"></span>. Ltd.<span class=\"_ _28f\"> </span>T<span class=\"_ _2\"></span>aipei/T<span class=\"_ _2\"></span>aiwan<span class=\"_ _321\"> </span>\ue618\ue61dAgfa-Gevaert M.A.E.B.E.<span class=\"_ _289\"> </span>Athens/Greece<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eAgfa GmbH<span class=\"_ _31b\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Argentina S.A.<span class=\"_ _322\"> </span>Buenos Aires/Argentina<span class=\"_ _262\"> </span><span class=\"ws1\">\ue61d\ue61e\ue61e</span>Agfa-Gevaert B.V<span class=\"_ _1\"></span>.<span class=\"_ _2d3\"> </span>Rijswijk/the Netherlands<span class=\"_ _2e4\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Colombia Ltda.<span class=\"_ _2cd\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert do Brasil Ltda.<span class=\"_ _323\"> </span>Sao Paulo/Brazil<span class=\"_ _161\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Graphic Systems GmbH<span class=\"_ _2fa\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert HealthCare GmbH<span class=\"_ _14f\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Japan, Ltd.<span class=\"_ _31f\"> </span>T<span class=\"_ _2\"></span>okyo/Japan<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Limited<span class=\"_ _35\"> </span>Scoresby/Australia<span class=\"_ _305\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Limited\ue610<span class=\"_ _1d9\"> </span>Brentford/United Kingdom<span class=\"_ _31c\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Ltda.<span class=\"_ _311\"> </span>Santiago De Chile/Chile<span class=\"_ _324\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert GmbH<span class=\"_ _28e\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert NZ Ltd.<span class=\"_ _35\"> </span>Auckland/New Zealand<span class=\"_ _34\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert S.A.S.<span class=\"_ _31c\"> </span>Pont-\u00e0-Marcq/F<span class=\"_ _2\"></span>rance<span class=\"_ _325\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert S.p.A.<span class=\"_ _31c\"> </span>Milan/Italy<span class=\"_ _25a\"> </span>\ue61d\ue61e\ue61eLastra Attrezzature S.r<span class=\"_ _2\"></span>.l.<span class=\"_ _288\"> </span><span class=\"ws1\">Manerbio/Italy<span class=\"_ _1d8\"> </span>\ue617\ue61e</span>Litho Supplies (UK) Ltd.<span class=\"_ _289\"> </span>Derby/United Kingdom<span class=\"_ _34\"> </span>\ue61d\ue61e\ue61eLuithagen NV\ue610<span class=\"_ _2d6\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eNew ProImage America Inc.<span class=\"_ _23d\"> </span>Princeton/United States of America<span class=\"_ _323\"> </span>\ue61d\ue61e\ue61eNew ProImage Ltd.<span class=\"_ _326\"> </span>Netanya/Israel<span class=\"_ _31e\"> </span>\ue61d\ue61e\ue61eOOO Agfa Graphics\ue610<span class=\"_ _307\"> </span><span class=\"ws1\">Moscow/Russian F<span class=\"_ _2\"></span>ederation<span class=\"_ _28b\"> </span>\ue618\ue61d</span>OOO Agfa\ue610<span class=\"_ _205\"> </span><span class=\"ws1\">Moscow/Russian F<span class=\"_ _2\"></span>ederation<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61e</span>Agfa HealthCare Kazakhstan LLP<span class=\"_ _1f6\"> </span>Almaty/Republic of Kazakhstan<span class=\"_ _2b3\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Ukraine LLC<span class=\"_ _2d9\"> </span>K<span class=\"_ _2\"></span>yiv/Ukraine<span class=\"_ _321\"> </span>\ue61d\ue61e\ue61ePT Gevaert-Agfa HealthCare Indonesia<span class=\"_ _291\"> </span>Jakarta/Indonesia<span class=\"_ _211\"> </span>\ue61d\ue61e\ue61eBodoni Systems\ue610<span class=\"_ _327\"> </span>W<span class=\"_ _2\"></span>atford/United Kingdom<span class=\"_ _2c\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Middle East FZ-LLC<span class=\"_ _1de\"> </span><span class=\"wsb5\">Dubai/United Arab Emirates<span class=\"_ _235\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare IT UK Limited<span class=\"_ _2dd\"> </span>Middlesex/United Kingdom<span class=\"_ _328\"> </span>\ue61d\ue61e\ue61eAgfa South Africa (Pty) Ltd.<span class=\"_ _2f5\"> </span>Gauteng/Rep. of South <span class=\"_ _0\"></span>Africa<span class=\"_ _1d9\"> </span>\ue61d\ue61e\ue61eAgfa Australia Pty Ltd.<span class=\"_ _128\"> </span>Scoresby/Australia<span class=\"_ _329\"> </span>\ue61d\ue61e\ue61eAgfa Canada Inc.<span class=\"_ _1a7\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa US Corp<span class=\"_ _2\"></span>.<span class=\"_ _3a\"> </span>Greenville/United States of America<span class=\"_ _317\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Shanghai Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _14f\"> </span>Shanghai/PR China<span class=\"_ _32a\"> </span>\ue618\ue61dAgfa HealthCare IT (Shanghai) C<span class=\"_ _0\"></span>o. Ltd.<span class=\"_ _2f9\"> </span>Shanghai/PR China<span class=\"_ _31b\"> </span>\ue61d\ue61e\ue61eAgfa Hong Kong Ltd.\ue610<span class=\"_ _32b\"> </span>Hong Kong/PR China<span class=\"_ _2bc\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare <span class=\"_ _0\"></span>Vietnam Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _3f\"> </span>Ho Chi Minh City/Vietnam<span class=\"_ _326\"> </span>\ue61d\ue61e\ue61eAgfa HuaGuang (Shanghai) Graphics Equipment Ltd.<span class=\"_ _32c\"> </span>Shanghai/PR China<span class=\"_ _32a\"> </span>\ue61f\ue617.\ue61e\ue61dAgfa Materials Korea C<span class=\"_ _0\"></span>o Ltd.<span class=\"_ _317\"> </span>Seoul/Korea<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa R\u00e9 S.A.<span class=\"_ _32d\"> </span>Luxembourg/Luxembourg<span class=\"_ _311\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Colombia S.A.S.<span class=\"_ _323\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set BV<span class=\"_ _32e\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set US Corp<span class=\"_ _2\"></span>.<span class=\"_ _242\"> </span>Delaware/United States of America<span class=\"_ _2a7\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Canada Inc.<span class=\"_ _2b3\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Single Member S.A.<span class=\"_ _20a\"> </span>Athens/Greece<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eInca Digital Printers<span class=\"_ _191\"> </span>Cambridge/United Kingdom<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61eAgfa IJC<span class=\"_ _4b\"> </span>Cambridge/United Kingdom<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61eAgfa Alterssicherungs-AG<span class=\"_ _300\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _325\"> </span>\ue61d\ue61e\ue61e",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__98": {
   "value": "<span class=\"_ _d1\"> </span>INVESTMENTS IN SUBSIDIARIES\ue618e ultimate par<span class=\"_ _0\"></span>ent of the Group is Agfa-Gev<span class=\"_ _2\"></span>aert NV (BE 0404 0<span class=\"_ _2\"></span>21 727),<span class=\"_ _0\"></span> Mortsel (Belgium).<span class=\"_ _0\"></span> \ue618e C<span class=\"_ _0\"></span>ompany<span class=\"_ _0\"></span> is the parent company<span class=\"_ _0\"></span> for the follo<span class=\"_ _0\"></span>wing signi\ue615cant subsidi<span class=\"_ _0\"></span>aries.Consolidated companies, December 31, 2022Name of the company<span class=\"_ _128\"> </span>Location<span class=\"_ _1a7\"> </span>E\ue615ective interest %Agfa (Pty<span class=\"_ _2\"></span>.) Ltd.<span class=\"_ _30b\"> </span>Isando/Rep. of South <span class=\"_ _2\"></span>Africa<span class=\"_ _2f4\"> </span>\ue618\ue61dAgfa (W<span class=\"_ _0\"></span>uxi) Imaging Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _30c\"> </span>W<span class=\"_ _0\"></span>uxi/PR China<span class=\"_ _1d8\"> </span>\ue61b\ue61b.\ue61d\ue617Agfa (W<span class=\"_ _0\"></span>uxi) Printing Plate Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _1f5\"> </span>Wuxi/PR China<span class=\"_ _2e5\"> </span>\ue618\ue61dAgfa ASEAN Sdn. Bhd.<span class=\"_ _3d\"> </span>Kuala Lumpur/Malaysia<span class=\"_ _306\"> </span>\ue618\ue61dAgfa Corporation<span class=\"_ _2e4\"> </span>Elmwood P<span class=\"_ _0\"></span>ark/United States of America<span class=\"_ _1e7\"> </span>\ue61d\ue61e\ue61eAgfa de Mexico S.A. de C.V<span class=\"_ _1\"></span>.\ue610<span class=\"_ _298\"> </span>Mexico D.F<span class=\"_ _1\"></span>./Mexico\ue610<span class=\"_ _30a\"> </span>\ue61d\ue61e\ue61eAgfa Finance Corp<span class=\"_ _2\"></span>.<span class=\"_ _26a\"> </span>Wilmington/United States of America<span class=\"_ _2b1\"> </span>\ue61d\ue61e\ue61eAgfa Finance Inc.<span class=\"_ _2e4\"> </span>T<span class=\"_ _1\"></span>oronto/Canada<span class=\"_ _30d\"> </span>\ue61d\ue61e\ue61eAgfa Finance Italy SpA<span class=\"_ _239\"> </span>Milan/Italy<span class=\"_ _152\"> </span>\ue61d\ue61e\ue61eAgfa Finance NV\ue610<span class=\"_ _2d3\"> </span>Mortsel/Belgium<span class=\"_ _47\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Argentina S.A.<span class=\"_ _2cd\"> </span><span class=\"wsb5\">Buenos Aires/Argentina<span class=\"_ _262\"> </span></span>\ue61d\ue61e\ue61eAgfa Graphics Asia Ltd.<span class=\"_ _30e\"> </span>Hong Kong/PR China<span class=\"_ _30f\"> </span>\ue618\ue61dAgfa Graphics Ecuador CIA. L<span class=\"_ _2\"></span>TDA<span class=\"_ _1e3\"> </span>Quito/Ecuador<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Ltd.<span class=\"_ _311\"> </span>Leeds/United Kingdom<span class=\"_ _312\"> </span>\ue61d\ue61e\ue61eAgfa Middle East FZCO<span class=\"_ _2b7\"> </span><span class=\"wsb5\">Dubai/United Arab Emirates<span class=\"_ _235\"> </span></span>\ue61d\ue61e\ue61eAgfa NV\ue610<span class=\"_ _313\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa Graphics S.r<span class=\"_ _2\"></span>.l.<span class=\"_ _48\"> </span>Milano/Italy<span class=\"_ _314\"> </span>\ue61d\ue61e\ue61eAgfa S.A. (Arg)<span class=\"_ _25d\"> </span><span class=\"wsb5\">Buenos Aires/Argentina<span class=\"_ _3c\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare Australia Pty<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _40\"> </span>Scoresby/Australia<span class=\"_ _305\"> </span>\ue61d\ue61e\ue61eAgfa Do Brasil Ltda.<span class=\"_ _315\"> </span>Sao Paulo/Brazil<span class=\"_ _161\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Chile Ltda.<span class=\"_ _298\"> </span>Santiago de Chile/Chile<span class=\"_ _3c\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare C<span class=\"_ _0\"></span>olombia Ltda.<span class=\"_ _14f\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare C<span class=\"_ _0\"></span>orporation<span class=\"_ _316\"> </span>Greenville/United States of America<span class=\"_ _317\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Denmark A/S<span class=\"_ _a4\"> </span>Copenhagen/Denmark<span class=\"_ _2e1\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Germany GmbH<span class=\"_ _3f\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Hong Kong Ltd.<span class=\"_ _dc\"> </span>Hong Kong/PR China<span class=\"_ _3a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Inc.<span class=\"_ _242\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare India Private Ltd.<span class=\"_ _1f5\"> </span>Thane/India<span class=\"_ _314\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Luxembourg S.A.<span class=\"_ _1f5\"> </span>Bertrange/Luxembourg<span class=\"_ _312\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Malaysia Sdn. Bhd.<span class=\"_ _be\"> </span>Kuala Lumpur/Malaysia<span class=\"_ _262\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Mexico S.A. de C.V<span class=\"_ _1\"></span>.<span class=\"_ _319\"> </span>Mexico D.F<span class=\"_ _1\"></span>./Mexico\ue610<span class=\"_ _30a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Norway AS<span class=\"_ _23d\"> </span>Oslo/Norway<span class=\"_ _140\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare NV\ue610<span class=\"_ _31a\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Saudi Arabia C<span class=\"_ _2\"></span>ompany Limited LLC<span class=\"_ _23f\"> </span><span class=\"wsb5\">Riyadh/Saudi Arabia<span class=\"_ _30f\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare (Shanghai) C<span class=\"_ _0\"></span>o. Ltd.\ue610<span class=\"_ _b0\"> </span>Shanghai/PR China<span class=\"_ _31b\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Singapore Pte. Ltd.<span class=\"_ _be\"> </span>Singapore/Republic of Singapore<span class=\"_ _300\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare South Africa Pty<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _de\"> </span>Gauteng/Rep. of South <span class=\"_ _2\"></span>Africa<span class=\"_ _239\"> </span>\ue610\ue61d\ue61e\ue61eAgfa HealthCare Spain S.A.U.\ue610<span class=\"_ _2b1\"> </span>Barcelona/Spain<span class=\"_ _2a9\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Sweden <span class=\"_ _0\"></span>AB\ue610<span class=\"_ _209\"> </span>Kista/Sweden<span class=\"_ _2a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare UK Limited<span class=\"_ _1b7\"> </span>Brentford/United Kingdom<span class=\"_ _31c\"> </span>\ue61d\ue61e\ue61eAgfa Imaging (Shenzhen) Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _1e3\"> </span>Shenzhen/PR China<span class=\"_ _2be\"> </span>\ue618\ue61dAgfa Inc.<span class=\"_ _313\"> </span>Mississauga/Canada<span class=\"_ _43\"> </span>\ue61d\ue61e\ue61eAgfa Industries Korea Ltd.<span class=\"_ _145\"> </span>Seoul/K<span class=\"_ _0\"></span>orea<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa Ltd.<span class=\"_ _2a9\"> </span>Dublin/Ireland<span class=\"_ _31e\"> </span>\ue61d\ue61e\ue61eAgfa Materials Corporation<span class=\"_ _37\"> </span>Wilmington/United States of America<span class=\"_ _2b1\"> </span>\ue61d\ue61e\ue61eAgfa Materials Japan Ltd.<span class=\"_ _14d\"> </span>T<span class=\"_ _2\"></span>okyo/Japan<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa Materials T<span class=\"_ _1\"></span>aiwan Co<span class=\"_ _0\"></span>. Ltd.<span class=\"_ _2b1\"> </span>T<span class=\"_ _2\"></span>aipei/T<span class=\"_ _1\"></span>aiwan<span class=\"_ _2f6\"> </span>\ue61d\ue61e\ue61eAgfa Singapore Pte. Ltd.<span class=\"_ _264\"> </span>Singapore/R<span class=\"_ _0\"></span>epublic of Singapore<span class=\"_ _31f\"> </span>\ue618\ue61dAgfa Solutions SAS<span class=\"_ _48\"> </span>Rueil-Malmaison/F<span class=\"_ _0\"></span>rance<span class=\"_ _2e4\"> </span>\ue61d\ue61e\ue61eAgfa Sp. z.<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span>o.<span class=\"_ _320\"> </span>W<span class=\"_ _2\"></span>arsaw/Poland<span class=\"_ _4b\"> </span>\ue61d\ue61e\ue61eAgfa T<span class=\"_ _1\"></span>aiwan Co<span class=\"_ _0\"></span>. Ltd.<span class=\"_ _28f\"> </span>T<span class=\"_ _2\"></span>aipei/T<span class=\"_ _2\"></span>aiwan<span class=\"_ _321\"> </span>\ue618\ue61dAgfa-Gevaert M.A.E.B.E.<span class=\"_ _289\"> </span>Athens/Greece<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eAgfa GmbH<span class=\"_ _31b\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Argentina S.A.<span class=\"_ _322\"> </span>Buenos Aires/Argentina<span class=\"_ _262\"> </span><span class=\"ws1\">\ue61d\ue61e\ue61e</span>Agfa-Gevaert B.V<span class=\"_ _1\"></span>.<span class=\"_ _2d3\"> </span>Rijswijk/the Netherlands<span class=\"_ _2e4\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Colombia Ltda.<span class=\"_ _2cd\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert do Brasil Ltda.<span class=\"_ _323\"> </span>Sao Paulo/Brazil<span class=\"_ _161\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Graphic Systems GmbH<span class=\"_ _2fa\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert HealthCare GmbH<span class=\"_ _14f\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Japan, Ltd.<span class=\"_ _31f\"> </span>T<span class=\"_ _2\"></span>okyo/Japan<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Limited<span class=\"_ _35\"> </span>Scoresby/Australia<span class=\"_ _305\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Limited\ue610<span class=\"_ _1d9\"> </span>Brentford/United Kingdom<span class=\"_ _31c\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Ltda.<span class=\"_ _311\"> </span>Santiago De Chile/Chile<span class=\"_ _324\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert GmbH<span class=\"_ _28e\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert NZ Ltd.<span class=\"_ _35\"> </span>Auckland/New Zealand<span class=\"_ _34\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert S.A.S.<span class=\"_ _31c\"> </span>Pont-\u00e0-Marcq/F<span class=\"_ _2\"></span>rance<span class=\"_ _325\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert S.p.A.<span class=\"_ _31c\"> </span>Milan/Italy<span class=\"_ _25a\"> </span>\ue61d\ue61e\ue61eLastra Attrezzature S.r<span class=\"_ _2\"></span>.l.<span class=\"_ _288\"> </span><span class=\"ws1\">Manerbio/Italy<span class=\"_ _1d8\"> </span>\ue617\ue61e</span>Litho Supplies (UK) Ltd.<span class=\"_ _289\"> </span>Derby/United Kingdom<span class=\"_ _34\"> </span>\ue61d\ue61e\ue61eLuithagen NV\ue610<span class=\"_ _2d6\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eNew ProImage America Inc.<span class=\"_ _23d\"> </span>Princeton/United States of America<span class=\"_ _323\"> </span>\ue61d\ue61e\ue61eNew ProImage Ltd.<span class=\"_ _326\"> </span>Netanya/Israel<span class=\"_ _31e\"> </span>\ue61d\ue61e\ue61eOOO Agfa Graphics\ue610<span class=\"_ _307\"> </span><span class=\"ws1\">Moscow/Russian F<span class=\"_ _2\"></span>ederation<span class=\"_ _28b\"> </span>\ue618\ue61d</span>OOO Agfa\ue610<span class=\"_ _205\"> </span><span class=\"ws1\">Moscow/Russian F<span class=\"_ _2\"></span>ederation<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61e</span>Agfa HealthCare Kazakhstan LLP<span class=\"_ _1f6\"> </span>Almaty/Republic of Kazakhstan<span class=\"_ _2b3\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Ukraine LLC<span class=\"_ _2d9\"> </span>K<span class=\"_ _2\"></span>yiv/Ukraine<span class=\"_ _321\"> </span>\ue61d\ue61e\ue61ePT Gevaert-Agfa HealthCare Indonesia<span class=\"_ _291\"> </span>Jakarta/Indonesia<span class=\"_ _211\"> </span>\ue61d\ue61e\ue61eBodoni Systems\ue610<span class=\"_ _327\"> </span>W<span class=\"_ _2\"></span>atford/United Kingdom<span class=\"_ _2c\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Middle East FZ-LLC<span class=\"_ _1de\"> </span><span class=\"wsb5\">Dubai/United Arab Emirates<span class=\"_ _235\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare IT UK Limited<span class=\"_ _2dd\"> </span>Middlesex/United Kingdom<span class=\"_ _328\"> </span>\ue61d\ue61e\ue61eAgfa South Africa (Pty) Ltd.<span class=\"_ _2f5\"> </span>Gauteng/Rep. of South <span class=\"_ _0\"></span>Africa<span class=\"_ _1d9\"> </span>\ue61d\ue61e\ue61eAgfa Australia Pty Ltd.<span class=\"_ _128\"> </span>Scoresby/Australia<span class=\"_ _329\"> </span>\ue61d\ue61e\ue61eAgfa Canada Inc.<span class=\"_ _1a7\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa US Corp<span class=\"_ _2\"></span>.<span class=\"_ _3a\"> </span>Greenville/United States of America<span class=\"_ _317\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Shanghai Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _14f\"> </span>Shanghai/PR China<span class=\"_ _32a\"> </span>\ue618\ue61dAgfa HealthCare IT (Shanghai) C<span class=\"_ _0\"></span>o. Ltd.<span class=\"_ _2f9\"> </span>Shanghai/PR China<span class=\"_ _31b\"> </span>\ue61d\ue61e\ue61eAgfa Hong Kong Ltd.\ue610<span class=\"_ _32b\"> </span>Hong Kong/PR China<span class=\"_ _2bc\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare <span class=\"_ _0\"></span>Vietnam Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _3f\"> </span>Ho Chi Minh City/Vietnam<span class=\"_ _326\"> </span>\ue61d\ue61e\ue61eAgfa HuaGuang (Shanghai) Graphics Equipment Ltd.<span class=\"_ _32c\"> </span>Shanghai/PR China<span class=\"_ _32a\"> </span>\ue61f\ue617.\ue61e\ue61dAgfa Materials Korea C<span class=\"_ _0\"></span>o Ltd.<span class=\"_ _317\"> </span>Seoul/Korea<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa R\u00e9 S.A.<span class=\"_ _32d\"> </span>Luxembourg/Luxembourg<span class=\"_ _311\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Colombia S.A.S.<span class=\"_ _323\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set BV<span class=\"_ _32e\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set US Corp<span class=\"_ _2\"></span>.<span class=\"_ _242\"> </span>Delaware/United States of America<span class=\"_ _2a7\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Canada Inc.<span class=\"_ _2b3\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Single Member S.A.<span class=\"_ _20a\"> </span>Athens/Greece<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eInca Digital Printers<span class=\"_ _191\"> </span>Cambridge/United Kingdom<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61eAgfa IJC<span class=\"_ _4b\"> </span>Cambridge/United Kingdom<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61eAgfa Alterssicherungs-AG<span class=\"_ _300\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _325\"> </span>\ue61d\ue61e\ue61e",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__99": {
   "value": "<span class=\"_ _d1\"> </span>INVESTMENTS IN SUBSIDIARIES\ue618e ultimate par<span class=\"_ _0\"></span>ent of the Group is Agfa-Gev<span class=\"_ _2\"></span>aert NV (BE 0404 0<span class=\"_ _2\"></span>21 727),<span class=\"_ _0\"></span> Mortsel (Belgium).<span class=\"_ _0\"></span> \ue618e C<span class=\"_ _0\"></span>ompany<span class=\"_ _0\"></span> is the parent company<span class=\"_ _0\"></span> for the follo<span class=\"_ _0\"></span>wing signi\ue615cant subsidi<span class=\"_ _0\"></span>aries.Consolidated companies, December 31, 2022Name of the company<span class=\"_ _128\"> </span>Location<span class=\"_ _1a7\"> </span>E\ue615ective interest %Agfa (Pty<span class=\"_ _2\"></span>.) Ltd.<span class=\"_ _30b\"> </span>Isando/Rep. of South <span class=\"_ _2\"></span>Africa<span class=\"_ _2f4\"> </span>\ue618\ue61dAgfa (W<span class=\"_ _0\"></span>uxi) Imaging Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _30c\"> </span>W<span class=\"_ _0\"></span>uxi/PR China<span class=\"_ _1d8\"> </span>\ue61b\ue61b.\ue61d\ue617Agfa (W<span class=\"_ _0\"></span>uxi) Printing Plate Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _1f5\"> </span>Wuxi/PR China<span class=\"_ _2e5\"> </span>\ue618\ue61dAgfa ASEAN Sdn. Bhd.<span class=\"_ _3d\"> </span>Kuala Lumpur/Malaysia<span class=\"_ _306\"> </span>\ue618\ue61dAgfa Corporation<span class=\"_ _2e4\"> </span>Elmwood P<span class=\"_ _0\"></span>ark/United States of America<span class=\"_ _1e7\"> </span>\ue61d\ue61e\ue61eAgfa de Mexico S.A. de C.V<span class=\"_ _1\"></span>.\ue610<span class=\"_ _298\"> </span>Mexico D.F<span class=\"_ _1\"></span>./Mexico\ue610<span class=\"_ _30a\"> </span>\ue61d\ue61e\ue61eAgfa Finance Corp<span class=\"_ _2\"></span>.<span class=\"_ _26a\"> </span>Wilmington/United States of America<span class=\"_ _2b1\"> </span>\ue61d\ue61e\ue61eAgfa Finance Inc.<span class=\"_ _2e4\"> </span>T<span class=\"_ _1\"></span>oronto/Canada<span class=\"_ _30d\"> </span>\ue61d\ue61e\ue61eAgfa Finance Italy SpA<span class=\"_ _239\"> </span>Milan/Italy<span class=\"_ _152\"> </span>\ue61d\ue61e\ue61eAgfa Finance NV\ue610<span class=\"_ _2d3\"> </span>Mortsel/Belgium<span class=\"_ _47\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Argentina S.A.<span class=\"_ _2cd\"> </span><span class=\"wsb5\">Buenos Aires/Argentina<span class=\"_ _262\"> </span></span>\ue61d\ue61e\ue61eAgfa Graphics Asia Ltd.<span class=\"_ _30e\"> </span>Hong Kong/PR China<span class=\"_ _30f\"> </span>\ue618\ue61dAgfa Graphics Ecuador CIA. L<span class=\"_ _2\"></span>TDA<span class=\"_ _1e3\"> </span>Quito/Ecuador<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Ltd.<span class=\"_ _311\"> </span>Leeds/United Kingdom<span class=\"_ _312\"> </span>\ue61d\ue61e\ue61eAgfa Middle East FZCO<span class=\"_ _2b7\"> </span><span class=\"wsb5\">Dubai/United Arab Emirates<span class=\"_ _235\"> </span></span>\ue61d\ue61e\ue61eAgfa NV\ue610<span class=\"_ _313\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa Graphics S.r<span class=\"_ _2\"></span>.l.<span class=\"_ _48\"> </span>Milano/Italy<span class=\"_ _314\"> </span>\ue61d\ue61e\ue61eAgfa S.A. (Arg)<span class=\"_ _25d\"> </span><span class=\"wsb5\">Buenos Aires/Argentina<span class=\"_ _3c\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare Australia Pty<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _40\"> </span>Scoresby/Australia<span class=\"_ _305\"> </span>\ue61d\ue61e\ue61eAgfa Do Brasil Ltda.<span class=\"_ _315\"> </span>Sao Paulo/Brazil<span class=\"_ _161\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Chile Ltda.<span class=\"_ _298\"> </span>Santiago de Chile/Chile<span class=\"_ _3c\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare C<span class=\"_ _0\"></span>olombia Ltda.<span class=\"_ _14f\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare C<span class=\"_ _0\"></span>orporation<span class=\"_ _316\"> </span>Greenville/United States of America<span class=\"_ _317\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Denmark A/S<span class=\"_ _a4\"> </span>Copenhagen/Denmark<span class=\"_ _2e1\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Germany GmbH<span class=\"_ _3f\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Hong Kong Ltd.<span class=\"_ _dc\"> </span>Hong Kong/PR China<span class=\"_ _3a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Inc.<span class=\"_ _242\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare India Private Ltd.<span class=\"_ _1f5\"> </span>Thane/India<span class=\"_ _314\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Luxembourg S.A.<span class=\"_ _1f5\"> </span>Bertrange/Luxembourg<span class=\"_ _312\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Malaysia Sdn. Bhd.<span class=\"_ _be\"> </span>Kuala Lumpur/Malaysia<span class=\"_ _262\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Mexico S.A. de C.V<span class=\"_ _1\"></span>.<span class=\"_ _319\"> </span>Mexico D.F<span class=\"_ _1\"></span>./Mexico\ue610<span class=\"_ _30a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Norway AS<span class=\"_ _23d\"> </span>Oslo/Norway<span class=\"_ _140\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare NV\ue610<span class=\"_ _31a\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Saudi Arabia C<span class=\"_ _2\"></span>ompany Limited LLC<span class=\"_ _23f\"> </span><span class=\"wsb5\">Riyadh/Saudi Arabia<span class=\"_ _30f\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare (Shanghai) C<span class=\"_ _0\"></span>o. Ltd.\ue610<span class=\"_ _b0\"> </span>Shanghai/PR China<span class=\"_ _31b\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Singapore Pte. Ltd.<span class=\"_ _be\"> </span>Singapore/Republic of Singapore<span class=\"_ _300\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare South Africa Pty<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _de\"> </span>Gauteng/Rep. of South <span class=\"_ _2\"></span>Africa<span class=\"_ _239\"> </span>\ue610\ue61d\ue61e\ue61eAgfa HealthCare Spain S.A.U.\ue610<span class=\"_ _2b1\"> </span>Barcelona/Spain<span class=\"_ _2a9\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Sweden <span class=\"_ _0\"></span>AB\ue610<span class=\"_ _209\"> </span>Kista/Sweden<span class=\"_ _2a\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare UK Limited<span class=\"_ _1b7\"> </span>Brentford/United Kingdom<span class=\"_ _31c\"> </span>\ue61d\ue61e\ue61eAgfa Imaging (Shenzhen) Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _1e3\"> </span>Shenzhen/PR China<span class=\"_ _2be\"> </span>\ue618\ue61dAgfa Inc.<span class=\"_ _313\"> </span>Mississauga/Canada<span class=\"_ _43\"> </span>\ue61d\ue61e\ue61eAgfa Industries Korea Ltd.<span class=\"_ _145\"> </span>Seoul/K<span class=\"_ _0\"></span>orea<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa Ltd.<span class=\"_ _2a9\"> </span>Dublin/Ireland<span class=\"_ _31e\"> </span>\ue61d\ue61e\ue61eAgfa Materials Corporation<span class=\"_ _37\"> </span>Wilmington/United States of America<span class=\"_ _2b1\"> </span>\ue61d\ue61e\ue61eAgfa Materials Japan Ltd.<span class=\"_ _14d\"> </span>T<span class=\"_ _2\"></span>okyo/Japan<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa Materials T<span class=\"_ _1\"></span>aiwan Co<span class=\"_ _0\"></span>. Ltd.<span class=\"_ _2b1\"> </span>T<span class=\"_ _2\"></span>aipei/T<span class=\"_ _1\"></span>aiwan<span class=\"_ _2f6\"> </span>\ue61d\ue61e\ue61eAgfa Singapore Pte. Ltd.<span class=\"_ _264\"> </span>Singapore/R<span class=\"_ _0\"></span>epublic of Singapore<span class=\"_ _31f\"> </span>\ue618\ue61dAgfa Solutions SAS<span class=\"_ _48\"> </span>Rueil-Malmaison/F<span class=\"_ _0\"></span>rance<span class=\"_ _2e4\"> </span>\ue61d\ue61e\ue61eAgfa Sp. z.<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span>o.<span class=\"_ _320\"> </span>W<span class=\"_ _2\"></span>arsaw/Poland<span class=\"_ _4b\"> </span>\ue61d\ue61e\ue61eAgfa T<span class=\"_ _1\"></span>aiwan Co<span class=\"_ _0\"></span>. Ltd.<span class=\"_ _28f\"> </span>T<span class=\"_ _2\"></span>aipei/T<span class=\"_ _2\"></span>aiwan<span class=\"_ _321\"> </span>\ue618\ue61dAgfa-Gevaert M.A.E.B.E.<span class=\"_ _289\"> </span>Athens/Greece<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eAgfa GmbH<span class=\"_ _31b\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Argentina S.A.<span class=\"_ _322\"> </span>Buenos Aires/Argentina<span class=\"_ _262\"> </span><span class=\"ws1\">\ue61d\ue61e\ue61e</span>Agfa-Gevaert B.V<span class=\"_ _1\"></span>.<span class=\"_ _2d3\"> </span>Rijswijk/the Netherlands<span class=\"_ _2e4\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Colombia Ltda.<span class=\"_ _2cd\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert do Brasil Ltda.<span class=\"_ _323\"> </span>Sao Paulo/Brazil<span class=\"_ _161\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Graphic Systems GmbH<span class=\"_ _2fa\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert HealthCare GmbH<span class=\"_ _14f\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Japan, Ltd.<span class=\"_ _31f\"> </span>T<span class=\"_ _2\"></span>okyo/Japan<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Limited<span class=\"_ _35\"> </span>Scoresby/Australia<span class=\"_ _305\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Limited\ue610<span class=\"_ _1d9\"> </span>Brentford/United Kingdom<span class=\"_ _31c\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert Ltda.<span class=\"_ _311\"> </span>Santiago De Chile/Chile<span class=\"_ _324\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert GmbH<span class=\"_ _28e\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _1a8\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert NZ Ltd.<span class=\"_ _35\"> </span>Auckland/New Zealand<span class=\"_ _34\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert S.A.S.<span class=\"_ _31c\"> </span>Pont-\u00e0-Marcq/F<span class=\"_ _2\"></span>rance<span class=\"_ _325\"> </span>\ue61d\ue61e\ue61eAgfa-Gevaert S.p.A.<span class=\"_ _31c\"> </span>Milan/Italy<span class=\"_ _25a\"> </span>\ue61d\ue61e\ue61eLastra Attrezzature S.r<span class=\"_ _2\"></span>.l.<span class=\"_ _288\"> </span><span class=\"ws1\">Manerbio/Italy<span class=\"_ _1d8\"> </span>\ue617\ue61e</span>Litho Supplies (UK) Ltd.<span class=\"_ _289\"> </span>Derby/United Kingdom<span class=\"_ _34\"> </span>\ue61d\ue61e\ue61eLuithagen NV\ue610<span class=\"_ _2d6\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eNew ProImage America Inc.<span class=\"_ _23d\"> </span>Princeton/United States of America<span class=\"_ _323\"> </span>\ue61d\ue61e\ue61eNew ProImage Ltd.<span class=\"_ _326\"> </span>Netanya/Israel<span class=\"_ _31e\"> </span>\ue61d\ue61e\ue61eOOO Agfa Graphics\ue610<span class=\"_ _307\"> </span><span class=\"ws1\">Moscow/Russian F<span class=\"_ _2\"></span>ederation<span class=\"_ _28b\"> </span>\ue618\ue61d</span>OOO Agfa\ue610<span class=\"_ _205\"> </span><span class=\"ws1\">Moscow/Russian F<span class=\"_ _2\"></span>ederation<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61e</span>Agfa HealthCare Kazakhstan LLP<span class=\"_ _1f6\"> </span>Almaty/Republic of Kazakhstan<span class=\"_ _2b3\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Ukraine LLC<span class=\"_ _2d9\"> </span>K<span class=\"_ _2\"></span>yiv/Ukraine<span class=\"_ _321\"> </span>\ue61d\ue61e\ue61ePT Gevaert-Agfa HealthCare Indonesia<span class=\"_ _291\"> </span>Jakarta/Indonesia<span class=\"_ _211\"> </span>\ue61d\ue61e\ue61eBodoni Systems\ue610<span class=\"_ _327\"> </span>W<span class=\"_ _2\"></span>atford/United Kingdom<span class=\"_ _2c\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare Middle East FZ-LLC<span class=\"_ _1de\"> </span><span class=\"wsb5\">Dubai/United Arab Emirates<span class=\"_ _235\"> </span></span>\ue61d\ue61e\ue61eAgfa HealthCare IT UK Limited<span class=\"_ _2dd\"> </span>Middlesex/United Kingdom<span class=\"_ _328\"> </span>\ue61d\ue61e\ue61eAgfa South Africa (Pty) Ltd.<span class=\"_ _2f5\"> </span>Gauteng/Rep. of South <span class=\"_ _0\"></span>Africa<span class=\"_ _1d9\"> </span>\ue61d\ue61e\ue61eAgfa Australia Pty Ltd.<span class=\"_ _128\"> </span>Scoresby/Australia<span class=\"_ _329\"> </span>\ue61d\ue61e\ue61eAgfa Canada Inc.<span class=\"_ _1a7\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa US Corp<span class=\"_ _2\"></span>.<span class=\"_ _3a\"> </span>Greenville/United States of America<span class=\"_ _317\"> </span>\ue61d\ue61e\ue61eAgfa Graphics Shanghai Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _14f\"> </span>Shanghai/PR China<span class=\"_ _32a\"> </span>\ue618\ue61dAgfa HealthCare IT (Shanghai) C<span class=\"_ _0\"></span>o. Ltd.<span class=\"_ _2f9\"> </span>Shanghai/PR China<span class=\"_ _31b\"> </span>\ue61d\ue61e\ue61eAgfa Hong Kong Ltd.\ue610<span class=\"_ _32b\"> </span>Hong Kong/PR China<span class=\"_ _2bc\"> </span>\ue61d\ue61e\ue61eAgfa HealthCare <span class=\"_ _0\"></span>Vietnam Co<span class=\"_ _2\"></span>. Ltd.<span class=\"_ _3f\"> </span>Ho Chi Minh City/Vietnam<span class=\"_ _326\"> </span>\ue61d\ue61e\ue61eAgfa HuaGuang (Shanghai) Graphics Equipment Ltd.<span class=\"_ _32c\"> </span>Shanghai/PR China<span class=\"_ _32a\"> </span>\ue61f\ue617.\ue61e\ue61dAgfa Materials Korea C<span class=\"_ _0\"></span>o Ltd.<span class=\"_ _317\"> </span>Seoul/Korea<span class=\"_ _31d\"> </span>\ue61d\ue61e\ue61eAgfa R\u00e9 S.A.<span class=\"_ _32d\"> </span>Luxembourg/Luxembourg<span class=\"_ _311\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Colombia S.A.S.<span class=\"_ _323\"> </span>Bogota/Colombia<span class=\"_ _42\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set BV<span class=\"_ _32e\"> </span>Mortsel/Belgium<span class=\"_ _1ae\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set US Corp<span class=\"_ _2\"></span>.<span class=\"_ _242\"> </span>Delaware/United States of America<span class=\"_ _2a7\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Canada Inc.<span class=\"_ _2b3\"> </span>Mississauga/Canada<span class=\"_ _318\"> </span>\ue61d\ue61e\ue61eAgfa O\ue615set Single Member S.A.<span class=\"_ _20a\"> </span>Athens/Greece<span class=\"_ _310\"> </span>\ue61d\ue61e\ue61eInca Digital Printers<span class=\"_ _191\"> </span>Cambridge/United Kingdom<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61eAgfa IJC<span class=\"_ _4b\"> </span>Cambridge/United Kingdom<span class=\"_ _235\"> </span>\ue61d\ue61e\ue61eAgfa Alterssicherungs-AG<span class=\"_ _300\"> </span>D\u00fcsseldorf/Germany<span class=\"_ _325\"> </span>\ue61d\ue61e\ue61e",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__100": {
   "value": " EQUITY <span class=\"_ _0\"></span>ACCOUNTED INVESTEES Associated companies, December 31, 2022Name of the company<span class=\"_ _17a\"> </span>Location<span class=\"_ _1da\"> </span>E\ue615ective interest %Penny Black B<span class=\"_ _2\"></span>V<span class=\"_ _139\"> </span>Antwerp/Belgium<span class=\"_ _ef\"> </span>\ue616\ue61b.\ue61c\ue61eOTHER INFORMA<span class=\"_ _1\"></span>TION",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__102": {
   "value": " COMMITMENTS <span class=\"_ _0\"></span>AND CONTINGENCIES45.<span class=\"_ _2\"></span>1 ContingenciesContingencies r<span class=\"_ _0\"></span>esulted entirely fr<span class=\"_ _0\"></span>om commitments given to thir<span class=\"_ _0\"></span>d parties and comprise:MILLION EURO<span class=\"_ _13e\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _3d\"> </span><span class=\"ffc\">2022</span>Bank guarantees<span class=\"_ _32f\"> </span>\ue61a\ue61f<span class=\"_ _28e\"> </span>\ue61a\ue617Other<span class=\"_ _107\"> </span>-<span class=\"_ _330\"> </span>-Corporate guarantees<span class=\"_ _331\"> </span>\ue61d\ue61c\ue61c<span class=\"_ _32b\"> </span>\ue61d\ue61c\ue616TOT<span class=\"_ _0\"></span>AL<span class=\"_ _254\"> </span><span class=\"ls1 ws1\">220<span class=\"_ _32b\"> </span>220</span>Corpora<span class=\"_ _0\"></span>te guarantees m<span class=\"_ _0\"></span>ainly rela<span class=\"_ _0\"></span>te to guarantees giv<span class=\"_ _0\"></span>en by the par<span class=\"_ _0\"></span>ent compan<span class=\"_ _0\"></span>y on behalf of its subsidiaries tow<span class=\"_ _2\"></span>ards banks and mainly rel<span class=\"_ _0\"></span>ate to the revolv<span class=\"_ _0\"></span>ing credit f<span class=\"_ _0\"></span>acility (see Note 38.1<span class=\"_ _0\"></span>) and other neg<span class=\"_ _0\"></span>otiated cre<span class=\"_ _0\"></span>dit lines.\ue618ere are no pur<span class=\"_ _0\"></span>chase commitments in connection with major<span class=\"_ _2\"></span> capital expenditure projects for<span class=\"_ _0\"></span> which the respectiv<span class=\"_ _0\"></span>e con<span class=\"ws1\">-</span>tracts h<span class=\"_ _0\"></span>ave alre<span class=\"_ _2\"></span>ady been awar<span class=\"_ _0\"></span>ded or or<span class=\"_ _2\"></span>ders placed.45.2 Legal risks/contingencies\ue618e Group is currently not in<span class=\"_ _2\"></span>volved in any ma<span class=\"_ _0\"></span>jor litigation ap<span class=\"_ _0\"></span>art from those rel<span class=\"_ _0\"></span>ated to the Agf<span class=\"_ _0\"></span>aPhoto insolvency<span class=\"_ _2\"></span>.AgfaPhotoIn connection with the dives<span class=\"_ _0\"></span>tment of the Consumer Imagin<span class=\"_ _0\"></span>g business of Agfa-Gev<span class=\"_ _2\"></span>aert AG and certain of its subsidiaries,<span class=\"_ _0\"></span> the Group entered into <span class=\"_ _0\"></span>various contr<span class=\"_ _2\"></span>actual relationships with <span class=\"_ _0\"></span>AgfaPhoto Holding GmbH,<span class=\"_ _0\"></span> Agf<span class=\"_ _0\"></span>aPhoto GmbH and their subsidiaries in v<span class=\"_ _2\"></span>arious countries (the \u2018<span class=\"_ _2\"></span>Agf<span class=\"_ _0\"></span>aPhoto group<span class=\"_ _2\"></span>\u2019), prov<span class=\"_ _0\"></span>iding for<span class=\"_ _0\"></span> the transfer<span class=\"_ _2\"></span> of its Consumer Imaging business,<span class=\"_ _0\"></span> including assets, li<span class=\"_ _0\"></span>abilities, contr<span class=\"_ _0\"></span>acts and employ<span class=\"_ _0\"></span>ees, to Agf<span class=\"_ _0\"></span>aPhoto group companies.Subsequent to the divestment,<span class=\"_ _0\"></span> insolvency proceedings h<span class=\"_ _0\"></span>ave been opened <span class=\"_ _0\"></span>with respect to A<span class=\"_ _0\"></span>gfaPhoto GmbH and a number of its subsidiaries in both Germany<span class=\"_ _0\"></span> and other countries.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group had been sued thr<span class=\"_ _0\"></span>ough law<span class=\"_ _0\"></span>suits or other<span class=\"_ _2\"></span> actions in various countries in connection <span class=\"_ _0\"></span>with a number of disputes.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ose disputes have been r<span class=\"_ _0\"></span>esolved,<span class=\"_ _0\"></span> with the ex<span class=\"_ _0\"></span>ception of the followin<span class=\"_ _0\"></span>g dispute.With r<span class=\"_ _0\"></span>espect to that divestment,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er of A<span class=\"_ _0\"></span>gfaPhoto GmbH initiated v<span class=\"_ _2\"></span>arious arbitration proceedin<span class=\"_ _0\"></span>gs be-fore the ICC Internation<span class=\"_ _0\"></span>al Court of Arbitra<span class=\"_ _0\"></span>tion in P<span class=\"_ _0\"></span>aris. In arbitr<span class=\"_ _0\"></span>ation proceeding ICC N\u00b0.<span class=\"_ _0\"></span> 1536<span class=\"_ _0\"></span>2, the r<span class=\"_ _0\"></span>eceiver cl<span class=\"_ _0\"></span>aimed dama<span class=\"ws1\">-</span>ges allegedly<span class=\"_ _0\"></span> su\ue614ered as a r<span class=\"_ _0\"></span>esult of,<span class=\"_ _0\"></span> inter ali<span class=\"_ _0\"></span>a, the alleged under<span class=\"_ _0\"></span>capitalization of Agf<span class=\"_ _0\"></span>aPhoto GmbH and the alleged causation of the insolvency of AgfaPhoto GmbH.<span class=\"_ _2\"></span> \ue618e ICC <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ribunal issued a \ue615nal aw<span class=\"_ _2\"></span>ard on May 31,<span class=\"_ _0\"></span> 2018, throug<span class=\"_ _0\"></span>h which it dismissed all of the insolvency receiver\u2019<span class=\"_ _1\"></span>s claims, and order<span class=\"_ _0\"></span>ed him to reimburse to Agf<span class=\"_ _0\"></span>a a very substantial p<span class=\"_ _0\"></span>art of the costs that Agf<span class=\"_ _0\"></span>a incurred in that arbitr<span class=\"_ _2\"></span>ation proceeding.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e insolvency receiver<span class=\"_ _2\"></span> \ue615led a request for the annulment of tha<span class=\"_ _0\"></span>t \ue615nal aw<span class=\"_ _0\"></span>ard befor<span class=\"_ _0\"></span>e a German court (\u2018Oberlandesg<span class=\"_ _0\"></span>ericht Frankfurt/Main<span class=\"_ _2\"></span>\u2019 or<span class=\"_ _2\"></span> \u2018OLG<span class=\"_ _2\"></span>\u2019) in October 2018. By judgment of January 16<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>20,<span class=\"_ _0\"></span> the OLG declared the annulment of the \ue615nal a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d of May 31,<span class=\"_ _0\"></span> 2018. <span class=\"_ _2\"></span>\ue618e concerned Agfa companies appe<span class=\"_ _0\"></span>aled this judgment before the \u2018Bundesgerichtshof\u2019<span class=\"_ _2\"></span> (BGH). \ue618e BHG con\ue615rmed the judgment of the OL<span class=\"_ _0\"></span>G by decision of Nov<span class=\"_ _0\"></span>ember 26<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>20 which was communica<span class=\"_ _0\"></span>ted to Agfa on Janu<span class=\"_ _0\"></span>ary 20,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> \ue618e concerne<span class=\"_ _0\"></span>d Agfa comp<span class=\"_ _0\"></span>anies decided not to appeal this decision befor<span class=\"_ _0\"></span>e the German F<span class=\"_ _0\"></span>ederal Cons<span class=\"_ _0\"></span>titutional Court (\u2018Bundesv<span class=\"_ _0\"></span>erfassungsg<span class=\"_ _0\"></span>ericht\u2019). C<span class=\"_ _0\"></span>onsequently<span class=\"_ _2\"></span>, the \ue615nal aw<span class=\"_ _2\"></span>ard of May 31, 2<span class=\"_ _0\"></span>018 has been set aside de\ue615nitively<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> After<span class=\"_ _0\"></span> an unsuccessful conciliation attempt the insolv<span class=\"_ _0\"></span>ency receiver<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> Agf<span class=\"_ _0\"></span>aPhoto GmbH initiated a new arbitra<span class=\"_ _0\"></span>tion proceeding befor<span class=\"_ _0\"></span>e the ICC International Court of Arbitr<span class=\"_ _2\"></span>ation in April 2021 (ICC N\u00b0. 2<span class=\"_ _0\"></span>617<span class=\"_ _0\"></span>5), in which he pursues his claim for<span class=\"_ _0\"></span> damages alleg<span class=\"_ _0\"></span>edly su\ue614er<span class=\"_ _0\"></span>ed as a result of the alleged under<span class=\"_ _0\"></span>capitalization of AgfaPhoto GmbH,<span class=\"_ _2\"></span> in addi<span class=\"ws1\">-</span>tion to the reimbursement of his costs borne in the \ue615rst arbitr<span class=\"_ _0\"></span>ation (ICC N\u00b0. 1<span class=\"_ _0\"></span>5362).<span class=\"_ _0\"></span> An ICC tribunal w<span class=\"_ _0\"></span>ith three arbitr<span class=\"_ _0\"></span>ators was f<span class=\"_ _0\"></span>ormed in the course of 2021.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er submitted his f<span class=\"_ _0\"></span>ull Statement of Claim and Agfa submitted its Sta<span class=\"_ _0\"></span>tement of Defense.<span class=\"_ _0\"></span> In the course of 2023,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>ill submit his full Reply Brief and Agfa w<span class=\"_ _0\"></span>ill submit its Rejoinder Brief<span class=\"_ _2\"></span>. A he<span class=\"_ _0\"></span>aring is scheduled to take pl<span class=\"_ _0\"></span>ace in the last quarter<span class=\"_ _0\"></span> of 2023.<span class=\"_ _2\"></span> \ue618e Group will <span class=\"_ _0\"></span>vigor<span class=\"_ _0\"></span>ous<span class=\"ws1\">-</span>ly defend itself in this new proce<span class=\"_ _0\"></span>dure<span class=\"_ _0\"></span>.OtherFurther legal risk<span class=\"_ _0\"></span>s for the Gr<span class=\"_ _0\"></span>oup exist w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to a dispute with a former<span class=\"_ _0\"></span> distributor<span class=\"_ _0\"></span> of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s products in Bolivia who claims compensation for<span class=\"_ _2\"></span> breach of contract.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group believes it h<span class=\"_ _0\"></span>as meritorious defenses in this laws<span class=\"_ _0\"></span>uit and is de<span class=\"ws1\">-</span>fending itself vigor<span class=\"_ _0\"></span>ously<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__103": {
   "value": " COMMITMENTS <span class=\"_ _0\"></span>AND CONTINGENCIES45.<span class=\"_ _2\"></span>1 ContingenciesContingencies r<span class=\"_ _0\"></span>esulted entirely fr<span class=\"_ _0\"></span>om commitments given to thir<span class=\"_ _0\"></span>d parties and comprise:MILLION EURO<span class=\"_ _13e\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _3d\"> </span><span class=\"ffc\">2022</span>Bank guarantees<span class=\"_ _32f\"> </span>\ue61a\ue61f<span class=\"_ _28e\"> </span>\ue61a\ue617Other<span class=\"_ _107\"> </span>-<span class=\"_ _330\"> </span>-Corporate guarantees<span class=\"_ _331\"> </span>\ue61d\ue61c\ue61c<span class=\"_ _32b\"> </span>\ue61d\ue61c\ue616TOT<span class=\"_ _0\"></span>AL<span class=\"_ _254\"> </span><span class=\"ls1 ws1\">220<span class=\"_ _32b\"> </span>220</span>Corpora<span class=\"_ _0\"></span>te guarantees m<span class=\"_ _0\"></span>ainly rela<span class=\"_ _0\"></span>te to guarantees giv<span class=\"_ _0\"></span>en by the par<span class=\"_ _0\"></span>ent compan<span class=\"_ _0\"></span>y on behalf of its subsidiaries tow<span class=\"_ _2\"></span>ards banks and mainly rel<span class=\"_ _0\"></span>ate to the revolv<span class=\"_ _0\"></span>ing credit f<span class=\"_ _0\"></span>acility (see Note 38.1<span class=\"_ _0\"></span>) and other neg<span class=\"_ _0\"></span>otiated cre<span class=\"_ _0\"></span>dit lines.\ue618ere are no pur<span class=\"_ _0\"></span>chase commitments in connection with major<span class=\"_ _2\"></span> capital expenditure projects for<span class=\"_ _0\"></span> which the respectiv<span class=\"_ _0\"></span>e con<span class=\"ws1\">-</span>tracts h<span class=\"_ _0\"></span>ave alre<span class=\"_ _2\"></span>ady been awar<span class=\"_ _0\"></span>ded or or<span class=\"_ _2\"></span>ders placed.45.2 Legal risks/contingencies\ue618e Group is currently not in<span class=\"_ _2\"></span>volved in any ma<span class=\"_ _0\"></span>jor litigation ap<span class=\"_ _0\"></span>art from those rel<span class=\"_ _0\"></span>ated to the Agf<span class=\"_ _0\"></span>aPhoto insolvency<span class=\"_ _2\"></span>.AgfaPhotoIn connection with the dives<span class=\"_ _0\"></span>tment of the Consumer Imagin<span class=\"_ _0\"></span>g business of Agfa-Gev<span class=\"_ _2\"></span>aert AG and certain of its subsidiaries,<span class=\"_ _0\"></span> the Group entered into <span class=\"_ _0\"></span>various contr<span class=\"_ _2\"></span>actual relationships with <span class=\"_ _0\"></span>AgfaPhoto Holding GmbH,<span class=\"_ _0\"></span> Agf<span class=\"_ _0\"></span>aPhoto GmbH and their subsidiaries in v<span class=\"_ _2\"></span>arious countries (the \u2018<span class=\"_ _2\"></span>Agf<span class=\"_ _0\"></span>aPhoto group<span class=\"_ _2\"></span>\u2019), prov<span class=\"_ _0\"></span>iding for<span class=\"_ _0\"></span> the transfer<span class=\"_ _2\"></span> of its Consumer Imaging business,<span class=\"_ _0\"></span> including assets, li<span class=\"_ _0\"></span>abilities, contr<span class=\"_ _0\"></span>acts and employ<span class=\"_ _0\"></span>ees, to Agf<span class=\"_ _0\"></span>aPhoto group companies.Subsequent to the divestment,<span class=\"_ _0\"></span> insolvency proceedings h<span class=\"_ _0\"></span>ave been opened <span class=\"_ _0\"></span>with respect to A<span class=\"_ _0\"></span>gfaPhoto GmbH and a number of its subsidiaries in both Germany<span class=\"_ _0\"></span> and other countries.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group had been sued thr<span class=\"_ _0\"></span>ough law<span class=\"_ _0\"></span>suits or other<span class=\"_ _2\"></span> actions in various countries in connection <span class=\"_ _0\"></span>with a number of disputes.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ose disputes have been r<span class=\"_ _0\"></span>esolved,<span class=\"_ _0\"></span> with the ex<span class=\"_ _0\"></span>ception of the followin<span class=\"_ _0\"></span>g dispute.With r<span class=\"_ _0\"></span>espect to that divestment,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er of A<span class=\"_ _0\"></span>gfaPhoto GmbH initiated v<span class=\"_ _2\"></span>arious arbitration proceedin<span class=\"_ _0\"></span>gs be-fore the ICC Internation<span class=\"_ _0\"></span>al Court of Arbitra<span class=\"_ _0\"></span>tion in P<span class=\"_ _0\"></span>aris. In arbitr<span class=\"_ _0\"></span>ation proceeding ICC N\u00b0.<span class=\"_ _0\"></span> 1536<span class=\"_ _0\"></span>2, the r<span class=\"_ _0\"></span>eceiver cl<span class=\"_ _0\"></span>aimed dama<span class=\"ws1\">-</span>ges allegedly<span class=\"_ _0\"></span> su\ue614ered as a r<span class=\"_ _0\"></span>esult of,<span class=\"_ _0\"></span> inter ali<span class=\"_ _0\"></span>a, the alleged under<span class=\"_ _0\"></span>capitalization of Agf<span class=\"_ _0\"></span>aPhoto GmbH and the alleged causation of the insolvency of AgfaPhoto GmbH.<span class=\"_ _2\"></span> \ue618e ICC <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ribunal issued a \ue615nal aw<span class=\"_ _2\"></span>ard on May 31,<span class=\"_ _0\"></span> 2018, throug<span class=\"_ _0\"></span>h which it dismissed all of the insolvency receiver\u2019<span class=\"_ _1\"></span>s claims, and order<span class=\"_ _0\"></span>ed him to reimburse to Agf<span class=\"_ _0\"></span>a a very substantial p<span class=\"_ _0\"></span>art of the costs that Agf<span class=\"_ _0\"></span>a incurred in that arbitr<span class=\"_ _2\"></span>ation proceeding.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e insolvency receiver<span class=\"_ _2\"></span> \ue615led a request for the annulment of tha<span class=\"_ _0\"></span>t \ue615nal aw<span class=\"_ _0\"></span>ard befor<span class=\"_ _0\"></span>e a German court (\u2018Oberlandesg<span class=\"_ _0\"></span>ericht Frankfurt/Main<span class=\"_ _2\"></span>\u2019 or<span class=\"_ _2\"></span> \u2018OLG<span class=\"_ _2\"></span>\u2019) in October 2018. By judgment of January 16<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>20,<span class=\"_ _0\"></span> the OLG declared the annulment of the \ue615nal a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d of May 31,<span class=\"_ _0\"></span> 2018. <span class=\"_ _2\"></span>\ue618e concerned Agfa companies appe<span class=\"_ _0\"></span>aled this judgment before the \u2018Bundesgerichtshof\u2019<span class=\"_ _2\"></span> (BGH). \ue618e BHG con\ue615rmed the judgment of the OL<span class=\"_ _0\"></span>G by decision of Nov<span class=\"_ _0\"></span>ember 26<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>20 which was communica<span class=\"_ _0\"></span>ted to Agfa on Janu<span class=\"_ _0\"></span>ary 20,<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> \ue618e concerne<span class=\"_ _0\"></span>d Agfa comp<span class=\"_ _0\"></span>anies decided not to appeal this decision befor<span class=\"_ _0\"></span>e the German F<span class=\"_ _0\"></span>ederal Cons<span class=\"_ _0\"></span>titutional Court (\u2018Bundesv<span class=\"_ _0\"></span>erfassungsg<span class=\"_ _0\"></span>ericht\u2019). C<span class=\"_ _0\"></span>onsequently<span class=\"_ _2\"></span>, the \ue615nal aw<span class=\"_ _2\"></span>ard of May 31, 2<span class=\"_ _0\"></span>018 has been set aside de\ue615nitively<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> After<span class=\"_ _0\"></span> an unsuccessful conciliation attempt the insolv<span class=\"_ _0\"></span>ency receiver<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> Agf<span class=\"_ _0\"></span>aPhoto GmbH initiated a new arbitra<span class=\"_ _0\"></span>tion proceeding befor<span class=\"_ _0\"></span>e the ICC International Court of Arbitr<span class=\"_ _2\"></span>ation in April 2021 (ICC N\u00b0. 2<span class=\"_ _0\"></span>617<span class=\"_ _0\"></span>5), in which he pursues his claim for<span class=\"_ _0\"></span> damages alleg<span class=\"_ _0\"></span>edly su\ue614er<span class=\"_ _0\"></span>ed as a result of the alleged under<span class=\"_ _0\"></span>capitalization of AgfaPhoto GmbH,<span class=\"_ _2\"></span> in addi<span class=\"ws1\">-</span>tion to the reimbursement of his costs borne in the \ue615rst arbitr<span class=\"_ _0\"></span>ation (ICC N\u00b0. 1<span class=\"_ _0\"></span>5362).<span class=\"_ _0\"></span> An ICC tribunal w<span class=\"_ _0\"></span>ith three arbitr<span class=\"_ _0\"></span>ators was f<span class=\"_ _0\"></span>ormed in the course of 2021.<span class=\"_ _0\"></span> In the course of 2022,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er submitted his f<span class=\"_ _0\"></span>ull Statement of Claim and Agfa submitted its Sta<span class=\"_ _0\"></span>tement of Defense.<span class=\"_ _0\"></span> In the course of 2023,<span class=\"_ _0\"></span> the insolvency receiv<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>ill submit his full Reply Brief and Agfa w<span class=\"_ _0\"></span>ill submit its Rejoinder Brief<span class=\"_ _2\"></span>. A he<span class=\"_ _0\"></span>aring is scheduled to take pl<span class=\"_ _0\"></span>ace in the last quarter<span class=\"_ _0\"></span> of 2023.<span class=\"_ _2\"></span> \ue618e Group will <span class=\"_ _0\"></span>vigor<span class=\"_ _0\"></span>ous<span class=\"ws1\">-</span>ly defend itself in this new proce<span class=\"_ _0\"></span>dure<span class=\"_ _0\"></span>.OtherFurther legal risk<span class=\"_ _0\"></span>s for the Gr<span class=\"_ _0\"></span>oup exist w<span class=\"_ _0\"></span>ith regar<span class=\"_ _0\"></span>d to a dispute with a former<span class=\"_ _0\"></span> distributor<span class=\"_ _0\"></span> of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s products in Bolivia who claims compensation for<span class=\"_ _2\"></span> breach of contract.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group believes it h<span class=\"_ _0\"></span>as meritorious defenses in this laws<span class=\"_ _0\"></span>uit and is de<span class=\"ws1\">-</span>fending itself vigor<span class=\"_ _0\"></span>ously<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__104": {
   "value": "Contingencies r<span class=\"_ _0\"></span>esulted entirely fr<span class=\"_ _0\"></span>om commitments given to thir<span class=\"_ _0\"></span>d parties and comprise:MILLION EURO<span class=\"_ _13e\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _3d\"> </span><span class=\"ffc\">2022</span>Bank guarantees<span class=\"_ _32f\"> </span>\ue61a\ue61f<span class=\"_ _28e\"> </span>\ue61a\ue617Other<span class=\"_ _107\"> </span>-<span class=\"_ _330\"> </span>-Corporate guarantees<span class=\"_ _331\"> </span>\ue61d\ue61c\ue61c<span class=\"_ _32b\"> </span>\ue61d\ue61c\ue616TOT<span class=\"_ _0\"></span>AL<span class=\"_ _254\"> </span><span class=\"ls1 ws1\">220<span class=\"_ _32b\"> </span>220</span>Corpora<span class=\"_ _0\"></span>te guarantees m<span class=\"_ _0\"></span>ainly rela<span class=\"_ _0\"></span>te to guarantees giv<span class=\"_ _0\"></span>en by the par<span class=\"_ _0\"></span>ent compan<span class=\"_ _0\"></span>y on behalf of its subsidiaries tow<span class=\"_ _2\"></span>ards banks and mainly rel<span class=\"_ _0\"></span>ate to the revolv<span class=\"_ _0\"></span>ing credit f<span class=\"_ _0\"></span>acility (see Note 38.1<span class=\"_ _0\"></span>) and other neg<span class=\"_ _0\"></span>otiated cre<span class=\"_ _0\"></span>dit lines.\ue618ere are no pur<span class=\"_ _0\"></span>chase commitments in connection with major<span class=\"_ _2\"></span> capital expenditure projects for<span class=\"_ _0\"></span> which the respectiv<span class=\"_ _0\"></span>e con<span class=\"ws1\">-</span>tracts h<span class=\"_ _0\"></span>ave alre<span class=\"_ _2\"></span>ady been awar<span class=\"_ _0\"></span>ded or or<span class=\"_ _2\"></span>ders placed.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__105": {
   "value": " RELA<span class=\"_ _2\"></span>TED PAR<span class=\"_ _2\"></span>TY TRANSACTIONS46.<span class=\"_ _2\"></span>1 T<span class=\"_ _1\"></span>ransactions with Directors and memb<span class=\"_ _22\"></span>ers of the Executive Management (key management personnel)Key manag<span class=\"_ _0\"></span>ement personnel compensation (e<span class=\"_ _0\"></span>xcluding employ<span class=\"_ _0\"></span>er\u2019<span class=\"_ _2\"></span>s social contribution) include<span class=\"_ _0\"></span>d in pro\ue615t or los<span class=\"_ _0\"></span>s can be detai<span class=\"ls1 ws1\">-</span>led as follows:\ue61f\ue61e\ue61f\ue61d<span class=\"_ _1d9\"> </span><span class=\"ffc\">2022</span>MILLION EURODirectors<span class=\"_ _232\"> </span>Executive Management<span class=\"_ _243\"> </span><span class=\"ffc\">Directors<span class=\"_ _248\"> </span>Executive Management</span>Short-term employee bene\ue614ts<span class=\"_ _1b7\"> </span>\ue61e.\ue618<span class=\"_ _134\"> </span>\ue61a.\ue61a<span class=\"_ _134\"> </span>\ue61e.\ue618<span class=\"_ _ce\"> </span>\ue61a.\ue61aT<span class=\"_ _2\"></span>ermination bene\ue614ts<span class=\"_ _332\"> </span>-<span class=\"_ _333\"> </span>-Post-employment bene\ue614ts<span class=\"_ _2c8\"> </span>\ue61e.\ue61f<span class=\"_ _307\"> </span>\ue61e.\ue61aShare-based payment<span class=\"_ _331\"> </span>\ue61e.\ue617<span class=\"_ _334\"> </span>\ue61e.\ue61aTOT<span class=\"_ _0\"></span>AL<span class=\"_ _2c5\"> </span><span class=\"ls1 ws1\">0.5<span class=\"_ _134\"> </span>4.1<span class=\"_ _267\"> </span>0.5<span class=\"_ _ce\"> </span>3.9</span>As of December 31,<span class=\"_ _0\"></span> 2022,<span class=\"_ _0\"></span> there w<span class=\"_ _0\"></span>ere no loans outstanding neither<span class=\"_ _2\"></span> to members of the Executive Management nor<span class=\"_ _0\"></span> to mem<span class=\"ws1\">-</span>bers of the Board of Directors.P<span class=\"_ _0\"></span>ension provisions f<span class=\"_ _0\"></span>or members and r<span class=\"_ _0\"></span>etired members of the Executiv<span class=\"_ _0\"></span>e Management, amountin<span class=\"_ _0\"></span>g to 11 million Euro<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e re<span class=\"ws1\">-</span>\ue617ected in the statement of \ue615nancial position of the Group a<span class=\"_ _0\"></span>t December 31,<span class=\"_ _0\"></span> 2022.<span class=\"_ _0\"></span> Key man<span class=\"_ _0\"></span>agement personnel remuner<span class=\"_ _2\"></span>ation is also included in the Remuner<span class=\"_ _0\"></span>ation Report (see pag<span class=\"_ _0\"></span>es 2<span class=\"_ _0\"></span>79-284).46.2 Other related party transactionsT<span class=\"_ _2\"></span>ransactions w<span class=\"_ _0\"></span>ith relate<span class=\"_ _0\"></span>d companies are mainly tr<span class=\"_ _2\"></span>ade transactions.\ue618e Group and its business partner<span class=\"_ _2\"></span> Shenzhen Brother Gao Deng In<span class=\"_ _0\"></span>vestment Group C<span class=\"_ _0\"></span>o.,<span class=\"_ _0\"></span> Ltd. combined as of 2010 their<span class=\"_ _2\"></span> activities aiming at r<span class=\"_ _0\"></span>einforcing both p<span class=\"_ _0\"></span>artners\u2019<span class=\"_ _0\"></span> market position in Gr<span class=\"_ _0\"></span>eater<span class=\"_ _2\"></span> China and ASEAN region.Shenzhen Brother<span class=\"_ _0\"></span> Gao Deng Inv<span class=\"_ _0\"></span>estment Group Co<span class=\"_ _0\"></span>., Ltd.<span class=\"_ _0\"></span> has a 49% stak<span class=\"_ _0\"></span>e in Agf<span class=\"_ _0\"></span>a Graphics Asi<span class=\"_ _0\"></span>a Ltd., the holding compan<span class=\"_ _2\"></span>y of the combined operations of both p<span class=\"_ _0\"></span>arties. In 2019,<span class=\"_ _0\"></span> the Group tr<span class=\"_ _0\"></span>ansferred tw<span class=\"_ _0\"></span>o subsidiaries to A<span class=\"_ _0\"></span>gfa Graphics <span class=\"_ _0\"></span>Asia Ltd. <span class=\"_ _0\"></span>Also in 2019, <span class=\"_ _0\"></span>Agfa Gr<span class=\"_ _0\"></span>aphics Asia esta<span class=\"_ _0\"></span>blished a new compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, Agf<span class=\"_ _0\"></span>a HuaGuang (Shang<span class=\"_ _0\"></span>hai) Graphics,<span class=\"_ _0\"></span> in which a new business partner<span class=\"_ _0\"></span> Lucky<span class=\"_ _0\"></span> HuaGuang Gr<span class=\"_ _0\"></span>aphics Co.,<span class=\"_ _2\"></span> Ltd. participated for<span class=\"_ _2\"></span> 49%. <span class=\"_ _0\"></span>\ue618is stra<span class=\"_ _0\"></span>tegic alliance should allow both business p<span class=\"_ _0\"></span>art<span class=\"ws1\">-</span>ners to realiz<span class=\"_ _0\"></span>e growth thr<span class=\"_ _0\"></span>ough the optimization of their<span class=\"_ _0\"></span> respective str<span class=\"_ _0\"></span>engths in the \ue615eld of manufacturing<span class=\"_ _2\"></span>, technology and distribution of graphics pr<span class=\"_ _0\"></span>epress products and services.<span class=\"_ _0\"></span> See also Note 3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.8 \u2018Non-controllin<span class=\"_ _0\"></span>g interests.<span class=\"_ _1\"></span>\u2019\ue618e followin<span class=\"_ _0\"></span>g table summarizes the tr<span class=\"_ _2\"></span>ansaction values and the outstanding b<span class=\"_ _0\"></span>alances between the Group and its r<span class=\"_ _0\"></span>elated parties Shenzhen Brother<span class=\"_ _2\"></span> Gao Deng Investment Group C<span class=\"_ _0\"></span>o.,<span class=\"_ _0\"></span> Ltd. and Luck<span class=\"_ _2\"></span>y HuaGuang Graphics Co<span class=\"_ _2\"></span>., Ltd. In the course of 2022,<span class=\"_ _2\"></span> Shenzhen Brother Gao Deng In<span class=\"_ _0\"></span>vestment Group Co<span class=\"_ _2\"></span>., Ltd. receiv<span class=\"_ _0\"></span>ed a dividend of 10 million Eur<span class=\"_ _0\"></span>o (49%). In the course of 2022,<span class=\"_ _0\"></span> Luck<span class=\"_ _0\"></span>y HuaGuang Gr<span class=\"_ _0\"></span>aphics Co<span class=\"_ _0\"></span>., Ltd. r<span class=\"_ _0\"></span>eceived a div<span class=\"_ _0\"></span>idend of 1 million Euro<span class=\"_ _0\"></span>.T<span class=\"_ _2\"></span>ransaction value for  Balance outstanding at December \ue61a\ue61dthe year ended December \ue61a\ue61dMILLION EURO\ue61f\ue61e\ue61f\ue61d<span class=\"_ _23c\"> </span><span class=\"ffc\">2022<span class=\"_ _23c\"> </span></span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _ec\"> </span><span class=\"ffc\">2022</span>Sales to Shenzhen Brother Gao Deng Investment Group C<span class=\"_ _0\"></span>o., Ltd.<span class=\"_ _267\"> </span>\ue61f\ue617<span class=\"_ _13c\"> </span>\ue61d\ue616<span class=\"_ _f8\"> </span>\ue61c<span class=\"_ _2df\"> </span>\ue61fSales to Lucky HuaGuang Graphics Co<span class=\"_ _2\"></span>., Ltd.<span class=\"_ _335\"> </span>\ue61d\ue61a<span class=\"_ _f8\"> </span>\ue61c<span class=\"_ _f8\"> </span>\ue616<span class=\"_ _1a6\"> </span>\ue61dPurchases from Shenzhen Brother Gao Deng  \ue618\ue61b<span class=\"_ _13c\"> </span>\ue61b\ue61e<span class=\"_ _f8\"> </span>\ue61d<span class=\"_ _2df\"> </span>\ue61dInvestment Group C<span class=\"_ _0\"></span>o., Ltd.Purchases from Lucky HuaGuang Graphics Co<span class=\"_ _2\"></span>., Ltd.<span class=\"_ _1c3\"> </span>\ue61d\ue619\ue618<span class=\"_ _c6\"> </span>\ue61d\ue617\ue618<span class=\"_ _13c\"> </span>\ue617\ue61f<span class=\"_ _23f\"> </span>\ue617\ue61fDividend<span class=\"_ _176\"> </span>\ue618<span class=\"_ _1a2\"> </span>\ue61d\ue61d<span class=\"_ _14b\"> </span>\ue61d<span class=\"_ _f8\"> </span>-Prepayment<span class=\"_ _331\"> </span>-<span class=\"_ _b2\"> </span>-<span class=\"_ _13c\"> </span>\ue61d\ue61e<span class=\"_ _2df\"> </span>\ue619Prepa<span class=\"_ _0\"></span>yments with an outstandin<span class=\"_ _0\"></span>g balance of 7 million Eur<span class=\"_ _0\"></span>o relate to supplier<span class=\"_ _2\"></span> advances against comp<span class=\"_ _0\"></span>anies of the Shenzhen Brother<span class=\"_ _0\"></span> Gao Deng Group for<span class=\"_ _2\"></span> whose account the \ue615lm conversion tak<span class=\"_ _0\"></span>es place and from whom aluminum is boug<span class=\"_ _0\"></span>ht.\ue618e adv<span class=\"_ _0\"></span>ance is amortized base<span class=\"_ _0\"></span>d upon future \ue615lm volumes s<span class=\"_ _0\"></span>upplied to Agf<span class=\"_ _0\"></span>a Graphics Asi<span class=\"_ _0\"></span>a Ltd. <span class=\"_ _2\"></span>\ue618e outstanding amount of 7 million Euro is r<span class=\"_ _0\"></span>ecognized as \u2018<span class=\"_ _0\"></span>Other as<span class=\"_ _0\"></span>sets\u2019<span class=\"_ _0\"></span> (see Note 36).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__106": {
   "value": ".\ue680 EVENTS SUBSEQUENT <span class=\"_ _0\"></span>TO DECEMBER \ue690<span class=\"_ _2\"></span>\ue67f, \ue61d\ue61c<span class=\"_ _0\"></span>\ue61d\ue61d\ue618ere are no subsequent ev<span class=\"_ _0\"></span>ents.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__107": {
   "value": " INFORMA<span class=\"_ _2\"></span>TION <span class=\"_ _22\"></span>ON THE AUDITOR\u2019S<span class=\"_ _0\"></span> ASSIGNMENTS AND RELA<span class=\"_ _2\"></span>TED <span class=\"_ _22\"></span>FEES\ue618e followin<span class=\"_ _0\"></span>g fees for the services of KPMG Bedrijfsr<span class=\"_ _0\"></span>evisoren/R<span class=\"_ _0\"></span>\u00e9viseurs d<span class=\"_ _2\"></span>\u2019Entreprises were recogniz<span class=\"_ _0\"></span>ed as an expense:Euro<span class=\"_ _110\"> </span>\ue61f\ue61e\ue61f\ue61d<span class=\"_ _259\"> </span><span class=\"ffc\">2022</span>Fees of the independent auditor with respect to the statutory audit mandate f<span class=\"_ _22\"></span>or the Company and the Group (Belgium)<span class=\"_ _2e\"> </span>890,350<span class=\"_ _d0\"> </span>982,520Fees for non-audit services rendered by the independent auditor to the Company and the GroupOther attestation<span class=\"_ _2eb\"> </span>\ue61f\ue618,\ue618\ue61e\ue61e<span class=\"_ _2f\"> </span>\ue61f\ue61e,\ue61e\ue61e\ue61eTa<span class=\"_ _54\"></span>x<span class=\"_ _336\"> </span><span class=\"ls1 ws1\">-<span class=\"_ _4c\"> </span>-</span>Other non-audit<span class=\"_ _337\"> </span>-<span class=\"_ _4c\"> </span>-SUBTOT<span class=\"_ _2\"></span>AL<span class=\"_ _338\"> </span>915,850<span class=\"_ _188\"> </span>1,002,520Fees of independent auditor\u2019s network with respect to a statutor<span class=\"_ _22\"></span>y audit mandate at the level of the Group  591,911<span class=\"_ _89\"> </span>668,494(foreign operations)Fees for non-audit services rendered by the independent auditor<span class=\"_ _22\"></span>\u2019s network to the Group (Belgian and foreign operations)Other attestation<span class=\"_ _2eb\"> </span>\ue61f\ue618,\ue61e\ue61e\ue61e<span class=\"_ _2f\"> </span>\ue61f\ue618,\ue61e\ue619\ue61cTa<span class=\"_ _54\"></span>x<span class=\"_ _110\"> </span><span class=\"ls1 ws1\">\ue616\ue61c,\ue619\ue616\ue619<span class=\"_ _89\"> </span>\ue61d\ue61f\ue619,\ue616\ue61f\ue618</span>Other non-audit<span class=\"_ _2eb\"> </span>\ue61d\ue616\ue61b,\ue61f\ue61c\ue61c<span class=\"_ _89\"> </span>\ue61a\ue61c\ue61e,\ue61a\ue618\ue618SUBTOT<span class=\"_ _2\"></span>AL<span class=\"_ _338\"> </span>814,946<span class=\"_ _188\"> </span>1,201,352TOT<span class=\"_ _0\"></span>AL<span class=\"_ _339\"> </span><span class=\"ls1 ws1\">1,730,796<span class=\"_ _188\"> </span>2,203,872</span>\ue618e fees for<span class=\"_ _0\"></span> the auditing of \ue615nancial statements comprise those f<span class=\"_ _0\"></span>or the audits of the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Agfa-Gev<span class=\"_ _2\"></span>aert Group and the \ue615nancial statements of its subsidiaries in Be<span class=\"_ _0\"></span>lgium and abroad.<span class=\"_ _2\"></span> Other non-audit fees main<span class=\"ws1\">-</span>ly rela<span class=\"_ _0\"></span>te to advice and due diligence assis<span class=\"_ _0\"></span>tance.ACCOUNTING POLICIES",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__108-1": {
   "value": ". BASIS OF<span class=\"_ _0\"></span> MEASUREMENT\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements have been pr<span class=\"_ _0\"></span>epare<span class=\"_ _0\"></span>d on the historical cost basis ex<span class=\"_ _0\"></span>cept for the f<span class=\"_ _0\"></span>ollowing items in the statement of \ue615nancial position: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Non-deriv<span class=\"_ _0\"></span>ative \ue615nancial instr<span class=\"_ _0\"></span>uments at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss (FVTPL) are measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Debt and equity instruments a<span class=\"_ _0\"></span>t FV<span class=\"_ _0\"></span>OCI are me<span class=\"_ _0\"></span>asured at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Contingent consider<span class=\"_ _2\"></span>ation assumed in a business combination is meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Liabilities for<span class=\"_ _0\"></span> cash-settled shared-b<span class=\"_ _0\"></span>ased pa<span class=\"_ _0\"></span>yments arrang<span class=\"_ _0\"></span>ements are meas<span class=\"_ _0\"></span>ured at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa\">Plan assets attributable to the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s de\ue615ned bene\ue615t retirement plans and other pos<span class=\"_ _0\"></span>t-employment bene\ue615t plans are </span></span>measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue; and <span class=\"_ _87\"> </span>.<span class=\"_ _0\"></span> SIGNIFICANT <span class=\"_ _0\"></span>ACCOUNTING POLICIES50.<span class=\"_ _2\"></span>1 Basis of consolidation50.<span class=\"_ _2\"></span>1.1 Business combinationsBusiness combinations are a<span class=\"_ _0\"></span>ccounted for usin<span class=\"_ _0\"></span>g the acquisition method as at the acquisition date<span class=\"_ _2\"></span>, which is the date on which control is tr<span class=\"_ _0\"></span>ansferred to the Gr<span class=\"_ _0\"></span>oup.Control is the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> the right that gives the Compan<span class=\"_ _0\"></span>y the ability to direct the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant activities of rel<span class=\"_ _0\"></span>at<span class=\"ws1\">-</span>ed entity<span class=\"_ _2\"></span>, and is e<span class=\"_ _0\"></span>xposed to or h<span class=\"_ _0\"></span>as rights to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and has the a<span class=\"_ _0\"></span>bility to a\ue614ect those returns through its po<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> over<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>.Goodwill is not amortized but tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment on an annual basis and w<span class=\"_ _0\"></span>henever ther<span class=\"_ _0\"></span>e is an indication that the cash-gener<span class=\"_ _0\"></span>ating unit to which goodw<span class=\"_ _0\"></span>ill has been allocated ma<span class=\"_ _0\"></span>y be impaire<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e impairment testing process is described in the appropriate section of these policies.<span class=\"_ _0\"></span> Goodwill is stated at cos<span class=\"_ _0\"></span>t less accumulated imp<span class=\"_ _0\"></span>airment losses. <span class=\"_ _0\"></span>With respect to associates,<span class=\"_ _0\"></span> the carrying amount of goodwill is included in the carrying amount of the in<span class=\"_ _0\"></span>vestment.\ue618e Group meas<span class=\"_ _0\"></span>ures goodwill a<span class=\"_ _0\"></span>t the acquisition date as: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of the consider<span class=\"_ _2\"></span>ation transferred; plus</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws42\">the recognized amount of an<span class=\"_ _0\"></span>y non-controlling inter<span class=\"_ _0\"></span>ests in the acquiree; and if the business combina<span class=\"_ _0\"></span>tion is achieved in </span></span>stages,<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of the e<span class=\"_ _0\"></span>xisting equity interes<span class=\"_ _0\"></span>t in the acquiree; less <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the net fair<span class=\"_ _0\"></span> value of the identi\ue615a<span class=\"_ _0\"></span>ble assets acquired and li<span class=\"_ _0\"></span>abilities assumed.</span></span>When the excess is neg<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, a b<span class=\"_ _0\"></span>argain purchase gain is r<span class=\"_ _0\"></span>ecognized immedia<span class=\"_ _0\"></span>tely in pro\ue615t or<span class=\"_ _0\"></span> loss. <span class=\"_ _0\"></span>Any conting<span class=\"_ _0\"></span>ent consid<span class=\"ws1\">-</span>eration p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able is recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue at the acquisition date<span class=\"_ _2\"></span>. Subsequent changes to the fair<span class=\"_ _2\"></span> value of the contingent consideration r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss.Costs rel<span class=\"_ _0\"></span>ated to the acquisition are e<span class=\"_ _0\"></span>xpensed as incurred.50.<span class=\"_ _2\"></span>1.2 Discontinued op<span class=\"_ _22\"></span>erationsA discontinued oper<span class=\"_ _0\"></span>ation is a component of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s business, the oper<span class=\"_ _2\"></span>ations and cash \ue617ows which can be clearly dis<span class=\"ws1\">-</span>tinguished from the r<span class=\"_ _0\"></span>est of the Group and which: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">represents a sep<span class=\"_ _0\"></span>arate ma<span class=\"_ _0\"></span>jor line of business or<span class=\"_ _0\"></span> geogr<span class=\"_ _0\"></span>aphic area of oper<span class=\"_ _2\"></span>ations;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">is part of a single co-or<span class=\"_ _0\"></span>dinated plan to dispose of a separ<span class=\"_ _2\"></span>ate major line of business or<span class=\"_ _0\"></span> geographic ar<span class=\"_ _0\"></span>ea of oper<span class=\"_ _0\"></span>ations; or</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">is a subsidiary acquired e<span class=\"_ _0\"></span>xclusively<span class=\"_ _0\"></span> with a v<span class=\"_ _0\"></span>iew to resale<span class=\"_ _0\"></span>.</span></span>Classi\ue615cation as a discontinued oper<span class=\"_ _2\"></span>ation occurs at the earlier of disposal or<span class=\"_ _0\"></span> when an oper<span class=\"_ _0\"></span>ation meets the criteria to be reclassi\ue615ed as he<span class=\"_ _0\"></span>ld-for-sale<span class=\"_ _2\"></span>.When an operation is cl<span class=\"_ _0\"></span>assi\ue615ed as a discontinued oper<span class=\"_ _0\"></span>ation, the comp<span class=\"_ _0\"></span>arativ<span class=\"_ _0\"></span>e statement of pro\ue615t or<span class=\"_ _0\"></span> loss and OCI is re-<span class=\"ws1\"> </span>presented as if the oper<span class=\"_ _0\"></span>ation has been discontinued from the start of the comp<span class=\"_ _0\"></span>arativ<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>1.3 Measurement of non-controlling interestsNon-controlling inter<span class=\"_ _0\"></span>ests are meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> proportionate sh<span class=\"_ _0\"></span>are of the acquirees identi\ue615able net as<span class=\"_ _0\"></span>sets at the date <span class=\"_ _20\"></span><span class=\"ws1\"> </span>of acquisition. Chang<span class=\"_ _0\"></span>es in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s interest in a subsidiary tha<span class=\"_ _0\"></span>t do not result in the loss of control ar<span class=\"_ _0\"></span>e accounted for<span class=\"_ _0\"></span> as equity tr<span class=\"_ _0\"></span>ansactions. When the Gr<span class=\"_ _0\"></span>oup loses control ov<span class=\"_ _0\"></span>er a subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>, it derecognizes the assets and li<span class=\"_ _0\"></span>abilities of the subsid<span class=\"ws1\">-</span>iary<span class=\"_ _2\"></span>, and any<span class=\"_ _0\"></span> related NCI and other<span class=\"_ _2\"></span> components of the equity<span class=\"_ _2\"></span>. Any r<span class=\"_ _0\"></span>esulting gain or<span class=\"_ _0\"></span> loss is recognised in pr<span class=\"_ _0\"></span>o\ue615t or loss.<span class=\"_ _2\"></span> Any interest retaine<span class=\"_ _0\"></span>d in the former subsidi<span class=\"_ _0\"></span>ary is measure<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>when control is lost.<span class=\"_ _0\"></span>  50.<span class=\"_ _2\"></span>1.4 SubsidiariesA subsidiary is an entity contr<span class=\"_ _0\"></span>olled by the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Control exis<span class=\"_ _0\"></span>ts when the Compan<span class=\"_ _0\"></span>y has the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver the entit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> the right that gives the C<span class=\"_ _0\"></span>ompany the a<span class=\"_ _0\"></span>bility to direct the r<span class=\"_ _0\"></span>elevant a<span class=\"_ _0\"></span>ctivities of relate<span class=\"_ _0\"></span>d entity<span class=\"_ _2\"></span>, and is expose<span class=\"_ _0\"></span>d to or has rig<span class=\"_ _0\"></span>hts to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and h<span class=\"_ _0\"></span>as the ability to a\ue614ect those r<span class=\"_ _0\"></span>eturns through its pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver the entity<span class=\"_ _2\"></span>.\ue618e \ue615nancial statements of a subsidiary ar<span class=\"_ _0\"></span>e included in the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements from the acquisition da<span class=\"_ _0\"></span>te until the date when the p<span class=\"_ _0\"></span>arent ceases to contr<span class=\"_ _0\"></span>ol the subsidiary<span class=\"_ _2\"></span>.Changes in a parent\u2019<span class=\"_ _0\"></span>s ownership interest in a subsidiary that do not result in a loss of controlChanges in a p<span class=\"_ _0\"></span>arent\u2019<span class=\"_ _1\"></span>s ownership interest in a subsidiary that do not r<span class=\"_ _0\"></span>esult in a loss of control are accounte<span class=\"_ _0\"></span>d for as equit<span class=\"_ _0\"></span>y transactions (i.<span class=\"_ _2\"></span>e. tr<span class=\"_ _0\"></span>ansactions with o<span class=\"_ _0\"></span>wners in their cap<span class=\"_ _0\"></span>acity as o<span class=\"_ _0\"></span>wners).In such circumstances,<span class=\"_ _0\"></span> the carrying amounts of the controlling and non-controllin<span class=\"_ _0\"></span>g interests shall be adjus<span class=\"_ _0\"></span>ted to re\ue617ect the changes in their<span class=\"_ _2\"></span> relative interests in the s<span class=\"_ _0\"></span>ubsidiary<span class=\"_ _2\"></span>. Adjustments to non-contr<span class=\"_ _0\"></span>olling interests arising fr<span class=\"_ _0\"></span>om transactions tha<span class=\"_ _0\"></span>t do not involv<span class=\"_ _0\"></span>e the loss of control are b<span class=\"_ _0\"></span>ased on a proportionate amount of the net assets of the subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>. Any<span class=\"_ _0\"></span> di\ue614erence between the amount by<span class=\"_ _0\"></span> which the non-controlling inter<span class=\"_ _0\"></span>ests are adjuste<span class=\"_ _0\"></span>d and the fair <span class=\"_ _0\"></span>value of the consider<span class=\"_ _0\"></span>ation paid or<span class=\"_ _0\"></span> received,<span class=\"_ _2\"></span> shall be recognized in equity and attributed to the o<span class=\"_ _0\"></span>wners of the parent.50.<span class=\"_ _2\"></span>1.5 Loss of controlOn the loss of control, the Gr<span class=\"_ _0\"></span>oup derecognizes the assets and li<span class=\"_ _0\"></span>abilities of the subsidiary<span class=\"_ _2\"></span>, any<span class=\"_ _0\"></span> non-controlling interes<span class=\"_ _0\"></span>ts and the other components of equity r<span class=\"_ _0\"></span>elated to the subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>. Any<span class=\"_ _0\"></span> surplus or de\ue615cit arisin<span class=\"_ _0\"></span>g on the loss of control is recognize<span class=\"_ _0\"></span>d in pro\ue615t or loss.<span class=\"_ _2\"></span> If<span class=\"_ _22\"></span> the Group retains an<span class=\"_ _0\"></span>y interest in the pr<span class=\"_ _0\"></span>evious subsidiary<span class=\"_ _2\"></span>, then such inter<span class=\"_ _0\"></span>est is meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value at the date th<span class=\"_ _0\"></span>at control is lost.<span class=\"_ _0\"></span> Subsequently it is accounted for<span class=\"_ _0\"></span> as an equity-a<span class=\"_ _0\"></span>ccounted inves<span class=\"_ _0\"></span>tee or as a \ue615nancial as<span class=\"_ _0\"></span>set depending on the level of in\ue617uence retained.50.<span class=\"_ _2\"></span>1.6 Investments in associatesAn associate is an entity in <span class=\"_ _0\"></span>which the Compan<span class=\"_ _0\"></span>y has signi\ue615cant in\ue617uence and that is neither<span class=\"_ _0\"></span> a subsidiary nor<span class=\"_ _0\"></span> an interest in a joint venture<span class=\"_ _2\"></span>. Signi\ue615cant in\ue617uence is presumed to e<span class=\"_ _0\"></span>xist when the Compan<span class=\"_ _2\"></span>y holds between 20% and 50% of the voting po<span class=\"_ _0\"></span>wer of another entity<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> An inv<span class=\"_ _0\"></span>estment in an associate is a<span class=\"_ _0\"></span>ccounted for<span class=\"_ _0\"></span> using the equity method from the d<span class=\"_ _0\"></span>ate on which it becomes an associate and is recogniz<span class=\"_ _0\"></span>ed initially at cost.<span class=\"_ _2\"></span> \ue618e cost of the inv<span class=\"_ _0\"></span>estment includes transaction cos<span class=\"_ _0\"></span>ts. On acquisition of the inves<span class=\"_ _0\"></span>tment, any<span class=\"_ _0\"></span> di\ue614erence betw<span class=\"_ _0\"></span>een the cost of the investment and the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s share of the net fair v<span class=\"_ _2\"></span>alue of the associate\u2019<span class=\"_ _1\"></span>s<span class=\"_ _22\"></span> identi\ue615able assets and liabilities is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>ollows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Goodwill rel<span class=\"_ _0\"></span>ating to an associate is included in the carryin<span class=\"_ _0\"></span>g amount of the investment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">Any e<span class=\"_ _0\"></span>xcess of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s share of the net f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of the associate\u2019<span class=\"_ _1\"></span>s identi\ue615able assets and liabilities over<span class=\"_ _2\"></span> the cost of </span></span>the inves<span class=\"_ _0\"></span>tment is included as income in the determination of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s share of the associ<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s pro\ue615t or<span class=\"_ _0\"></span> loss in the period in which the inv<span class=\"_ _0\"></span>estment is acquired.Elimination of unrealized pro\ue61fts and losses on transactions with associatesPro\ue615ts and losses r<span class=\"_ _0\"></span>esulting from upstr<span class=\"_ _0\"></span>eam and dow<span class=\"_ _0\"></span>nstream tr<span class=\"_ _2\"></span>ansactions between the Compan<span class=\"_ _0\"></span>y \u2013 included its consolidated subsidiaries \u2013 and an associate mus<span class=\"_ _0\"></span>t be eliminated to the extent of the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s interest in the associate<span class=\"_ _0\"></span>.Upstre<span class=\"_ _2\"></span>am transactions are<span class=\"_ _0\"></span>, for<span class=\"_ _2\"></span> example,<span class=\"_ _0\"></span> sales of assets from an associate to the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Downstre<span class=\"_ _2\"></span>am transactions are<span class=\"_ _0\"></span>, for<span class=\"_ _0\"></span> example<span class=\"_ _2\"></span>, sales of assets from the Compan<span class=\"_ _0\"></span>y to an associate<span class=\"_ _2\"></span>.When an investment ceases to be an associateFrom the date w<span class=\"_ _0\"></span>hen the Company<span class=\"_ _0\"></span> ceases to ha<span class=\"_ _0\"></span>ve signi\ue615cant in\ue617uence over<span class=\"_ _2\"></span> an associate,<span class=\"_ _0\"></span> it accounts for<span class=\"_ _0\"></span> related in<span class=\"_ _2\"></span>vestment in accordance <span class=\"_ _0\"></span>with IFRS 9 from th<span class=\"_ _0\"></span>at date<span class=\"_ _0\"></span>. On the loss of signi\ue615cant in\ue617uence<span class=\"_ _2\"></span>, the Company <span class=\"_ _0\"></span>measures a<span class=\"_ _0\"></span>t fair <span class=\"_ _0\"></span>value an<span class=\"_ _2\"></span>y invest<span class=\"ls1 ws1\">-</span>ment the Compan<span class=\"_ _0\"></span>y retains in the former<span class=\"_ _0\"></span> associate<span class=\"_ _2\"></span>.\ue618e Compan<span class=\"_ _0\"></span>y recognizes in pr<span class=\"_ _0\"></span>o\ue615t or loss an<span class=\"_ _0\"></span>y di\ue614erence bet<span class=\"_ _0\"></span>ween: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of an<span class=\"_ _0\"></span>y retained in<span class=\"_ _0\"></span>vestment and an<span class=\"_ _0\"></span>y proceeds fr<span class=\"_ _0\"></span>om disposing of the (partial) interes<span class=\"_ _0\"></span>t in the associate; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the carrying amount of the inves<span class=\"_ _0\"></span>tment at the date when signi\ue615cant in\ue617uence is lost.</span></span>Amounts recognized in OCI in r<span class=\"_ _0\"></span>elation to the associa<span class=\"_ _0\"></span>te or joint v<span class=\"_ _0\"></span>enture are accounte<span class=\"_ _0\"></span>d for on the same b<span class=\"_ _0\"></span>asis as would be re<span class=\"ls1 ws1\">-</span>quired if the inv<span class=\"_ _0\"></span>estee had disposed of the re<span class=\"_ _0\"></span>lated assets and lia<span class=\"_ _0\"></span>bilities directly<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>1.7 Jointly controlled entities and jointly controlled operationsA joint arr<span class=\"_ _0\"></span>angement is an arr<span class=\"_ _0\"></span>angement of which tw<span class=\"_ _0\"></span>o or mor<span class=\"_ _0\"></span>e parties hav<span class=\"_ _0\"></span>e joint control. Joint contr<span class=\"_ _0\"></span>ol is the contractu<span class=\"_ _0\"></span>ally agreed sharing of contr<span class=\"_ _0\"></span>ol of an arrangement,<span class=\"_ _2\"></span> which exists only when decisions about the r<span class=\"_ _0\"></span>elevant a<span class=\"_ _0\"></span>ctivities require the unanimous consent of the parties sharing contr<span class=\"_ _0\"></span>ol. Depending upon the rights and obliga<span class=\"_ _0\"></span>tions of the parties to the arran<span class=\"_ _0\"></span>ge<span class=\"ws1\">-</span>ment, the joint arr<span class=\"_ _0\"></span>angement is classi\ue615e<span class=\"_ _0\"></span>d either as a joint oper<span class=\"_ _0\"></span>ation or<span class=\"_ _0\"></span> a joint venture<span class=\"_ _2\"></span>.A. Joint operationA joint oper<span class=\"_ _0\"></span>ation is a joint arrang<span class=\"_ _0\"></span>ement where<span class=\"_ _0\"></span>by the parties tha<span class=\"_ _0\"></span>t have joint contr<span class=\"_ _0\"></span>ol of the arrang<span class=\"_ _0\"></span>ement have rights to the assets, and obliga<span class=\"_ _0\"></span>tions for the lia<span class=\"_ _0\"></span>bilities, re<span class=\"_ _0\"></span>lating to the arr<span class=\"_ _0\"></span>angement. <span class=\"_ _2\"></span>\ue618ose parties are called joint oper<span class=\"_ _0\"></span>ators.\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements include the assets that the Group contr<span class=\"_ _0\"></span>ols and the liabilities that it incurs in the course of pursuing the joint opera<span class=\"_ _0\"></span>tion and the expenses that the Group incurs and its sh<span class=\"_ _0\"></span>are of the income that it e<span class=\"_ _0\"></span>arns from the joint operation.B. Joint ventureA joint ventur<span class=\"_ _0\"></span>e is a joint arrang<span class=\"_ _0\"></span>ement whereb<span class=\"_ _0\"></span>y the parties tha<span class=\"_ _0\"></span>t have joint contr<span class=\"_ _0\"></span>ol of the arrangement h<span class=\"_ _0\"></span>ave rights to the net assets of the arrang<span class=\"_ _0\"></span>ement. <span class=\"_ _2\"></span>\ue618ose parties are called joint ventur<span class=\"_ _0\"></span>ers.\ue618e Group as joint ventur<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>ecognizes its interest in a joint <span class=\"_ _0\"></span>venture as an in<span class=\"_ _0\"></span>vestment that is accounte<span class=\"_ _0\"></span>d for usin<span class=\"_ _0\"></span>g the equity method (see Note 50<span class=\"_ _2\"></span>.1.6).50.<span class=\"_ _2\"></span>1.8 T<span class=\"_ _2\"></span>ransactions eliminated on consolidationIntragr<span class=\"_ _0\"></span>oup balances and tr<span class=\"_ _0\"></span>ansactions, including income<span class=\"_ _2\"></span>, expenses and dividends,<span class=\"_ _0\"></span> are eliminate<span class=\"_ _0\"></span>d in full. Unr<span class=\"_ _0\"></span>ealized pr<span class=\"_ _0\"></span>o\ue615ts and losses resulting fr<span class=\"_ _0\"></span>om intragr<span class=\"_ _0\"></span>oup transactions th<span class=\"_ _0\"></span>at are recogniz<span class=\"_ _0\"></span>ed in assets, such as in<span class=\"_ _2\"></span>ventory and \ue615xed assets, are e<span class=\"_ _0\"></span>lim<span class=\"ws1\">-</span>inated in full.Unre<span class=\"_ _0\"></span>alized gains arising fr<span class=\"_ _0\"></span>om transactions <span class=\"_ _0\"></span>with equity-a<span class=\"_ _0\"></span>ccounted inves<span class=\"_ _0\"></span>tees are eliminate<span class=\"_ _0\"></span>d against the inv<span class=\"_ _0\"></span>estment to the extent of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s interest in the in<span class=\"_ _0\"></span>vestee<span class=\"_ _0\"></span>. Unr<span class=\"_ _0\"></span>ealize<span class=\"_ _0\"></span>d losses are elimina<span class=\"_ _0\"></span>ted in the same w<span class=\"_ _0\"></span>ay as unre<span class=\"_ _0\"></span>alized gains,<span class=\"_ _0\"></span> but only to the extent that ther<span class=\"_ _0\"></span>e is no evidence of impairment.50.2 F<span class=\"_ _2\"></span>oreign currencyItems included in the \ue615nancial statements of e<span class=\"_ _0\"></span>ach of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s entities are me<span class=\"_ _0\"></span>asured usin<span class=\"_ _0\"></span>g the currency of the prima<span class=\"ws1\">-</span>ry economic envir<span class=\"_ _0\"></span>onment in which the entity oper<span class=\"_ _0\"></span>ates (\u2018the function<span class=\"_ _0\"></span>al currency\u2019). <span class=\"_ _2\"></span>\ue618e consolidated \ue615nancial statements are presented in E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, which is the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s functional and presentation currency<span class=\"_ _2\"></span>.50.2.<span class=\"_ _2\"></span>1 Foreign currency transactionsAll transactions in curr<span class=\"_ _0\"></span>encies other th<span class=\"_ _0\"></span>an the functional currency are f<span class=\"_ _0\"></span>oreign currency tr<span class=\"_ _2\"></span>ansactions. For<span class=\"_ _0\"></span>eign currency trans<span class=\"ws1\">-</span>actions are tr<span class=\"_ _0\"></span>anslated into the functional curr<span class=\"_ _0\"></span>ency using the ex<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ates prev<span class=\"_ _2\"></span>ailing at the dates of the transactions.<span class=\"_ _0\"></span> For<span class=\"_ _0\"></span>eign currency gains and losses r<span class=\"_ _0\"></span>esulting from the settlement of such tr<span class=\"_ _2\"></span>ansactions and from the translation at <span class=\"_ _0\"></span>closing rates of monetary assets and lia<span class=\"_ _0\"></span>bilities denominated in foreign curr<span class=\"_ _0\"></span>encies are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss. Ho<span class=\"_ _0\"></span>wever<span class=\"_ _2\"></span>, for<span class=\"_ _0\"></span>eign currency di\ue614erences arisin<span class=\"_ _0\"></span>g from the transl<span class=\"_ _0\"></span>ation of the followin<span class=\"_ _0\"></span>g items are recognize<span class=\"_ _0\"></span>d in OCI: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsd\"> An inv<span class=\"_ _0\"></span>estment in equity securities designate<span class=\"_ _0\"></span>d as at FV<span class=\"_ _2\"></span>OCI (except on impairment,<span class=\"_ _0\"></span> in which case foreign curr<span class=\"_ _0\"></span>ency di\ue614er<span class=\"ws1\">-</span></span></span>ences that hav<span class=\"_ _0\"></span>e been recognized in OCI ar<span class=\"_ _0\"></span>e reclassi\ue615e<span class=\"_ _0\"></span>d to pro\ue615t or los<span class=\"_ _0\"></span>s); <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Qualifying cash \ue617ow<span class=\"_ _0\"></span> hedges to the extent tha<span class=\"_ _0\"></span>t the hedges are e\ue614<span class=\"_ _0\"></span>ective<span class=\"_ _0\"></span>.</span></span>Non-monetary assets and liabilities me<span class=\"_ _0\"></span>asured at historical cos<span class=\"_ _0\"></span>t that are denomina<span class=\"_ _0\"></span>ted in foreign currencies ar<span class=\"_ _0\"></span>e transla<span class=\"_ _0\"></span>ted using the exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate at the date of the tr<span class=\"_ _0\"></span>ansaction.50.2.2 F<span class=\"_ _2\"></span>oreign op<span class=\"_ _22\"></span>erationsA foreign oper<span class=\"_ _2\"></span>ation is an entity that is a subsidiary<span class=\"_ _2\"></span>, associa<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> joint ventur<span class=\"_ _0\"></span>e or br<span class=\"_ _0\"></span>anch of the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, of which the activ<span class=\"_ _0\"></span>i<span class=\"ws1\">-</span>ties are based or<span class=\"_ _2\"></span> conducted in a currency other than the E<span class=\"_ _0\"></span>uro.\ue618e \ue615nancial statements of for<span class=\"_ _0\"></span>eign operations ar<span class=\"_ _0\"></span>e transla<span class=\"_ _0\"></span>ted for the purpose of the consolida<span class=\"_ _0\"></span>tion as follows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Assets and liabilities are tr<span class=\"_ _2\"></span>anslated at the closing ra<span class=\"_ _0\"></span>te;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Income and expenses are tr<span class=\"_ _2\"></span>anslated at aver<span class=\"_ _0\"></span>age ye<span class=\"_ _2\"></span>ar-to-date exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ates; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa9\">Equity components are tr<span class=\"_ _2\"></span>anslated at historical ra<span class=\"_ _0\"></span>tes, ex<span class=\"_ _0\"></span>cluding current ye<span class=\"_ _2\"></span>ar movements,<span class=\"_ _0\"></span> which are tr<span class=\"_ _0\"></span>anslated at r<span class=\"_ _2\"></span>ates </span></span>approxima<span class=\"_ _0\"></span>ting the rate a<span class=\"_ _0\"></span>t the time of the transaction.All resulting e<span class=\"_ _0\"></span>xchange di\ue614<span class=\"_ _0\"></span>erences are r<span class=\"_ _0\"></span>ecognized in other<span class=\"_ _0\"></span> comprehensive income and accumul<span class=\"_ _0\"></span>ated in a separ<span class=\"_ _0\"></span>ate com<span class=\"ws1\">-</span>ponent of equity being \u2018T<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>anslation reserve\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618e amount attributable to any non-contr<span class=\"_ _0\"></span>olling interests is allocate<span class=\"_ _0\"></span>d to and recognized as p<span class=\"_ _0\"></span>art of non-controlling interests.On the disposal of a foreign oper<span class=\"_ _0\"></span>ation, the cumulativ<span class=\"_ _0\"></span>e amount of the exchan<span class=\"_ _0\"></span>ge di\ue614erences r<span class=\"_ _0\"></span>elating to that f<span class=\"_ _0\"></span>oreign oper<span class=\"_ _0\"></span>a<span class=\"ws1\">-</span>tion, recogniz<span class=\"_ _0\"></span>ed in other compr<span class=\"_ _0\"></span>ehensive income and accumul<span class=\"_ _0\"></span>ated in the separ<span class=\"_ _0\"></span>ate component of equity<span class=\"_ _2\"></span>, is r<span class=\"_ _0\"></span>eclassi\ue615ed from equity to pro\ue615t or<span class=\"_ _2\"></span> loss when the gain or loss on disposal is r<span class=\"_ _0\"></span>ecognized.On the partial disposal of a subsidiary that includes a f<span class=\"_ _0\"></span>oreign opera<span class=\"_ _0\"></span>tion, the proportion<span class=\"_ _0\"></span>ate share of the cumulativ<span class=\"_ _0\"></span>e amount of the exchang<span class=\"_ _0\"></span>e di\ue614erences recogniz<span class=\"_ _0\"></span>ed in other<span class=\"_ _0\"></span> comprehensive income is r<span class=\"_ _0\"></span>e-attributed to non-controlling inter<span class=\"_ _0\"></span>ests in that foreign oper<span class=\"_ _0\"></span>ation. <span class=\"_ _0\"></span>Any other<span class=\"_ _0\"></span> partial disposal of a for<span class=\"_ _0\"></span>eign operation \u2013 r<span class=\"_ _0\"></span>elated to an associ<span class=\"_ _0\"></span>ate,<span class=\"_ _2\"></span> joint venture or br<span class=\"_ _0\"></span>anch of the Compan<span class=\"_ _0\"></span>y \u2013 results in a recl<span class=\"_ _0\"></span>assi\ue615cation to pro\ue615t or<span class=\"_ _0\"></span> loss of the proportionate sh<span class=\"_ _0\"></span>are of the cumulative amount of the ex<span class=\"_ _0\"></span>change di\ue614erences recogniz<span class=\"_ _0\"></span>ed in other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.A partial disposal of an entity\u2019<span class=\"_ _1\"></span>s interest in a foreign oper<span class=\"_ _0\"></span>ation is any r<span class=\"_ _0\"></span>eduction in an entity\u2019<span class=\"_ _2\"></span>s o<span class=\"_ _0\"></span>wnership interest in a for<span class=\"_ _0\"></span>eign operation,<span class=\"_ _2\"></span> except for those r<span class=\"_ _0\"></span>eductions resulting in: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of control of a subsidiary;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of signi\ue615cant in\ue617uence over<span class=\"_ _2\"></span> an associate;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of joint control ov<span class=\"_ _0\"></span>er a joint arr<span class=\"_ _0\"></span>angement.</span></span>\ue618ese reductions are a<span class=\"_ _0\"></span>ccounted for as disposals r<span class=\"_ _0\"></span>esulting in a recl<span class=\"_ _0\"></span>assi\ue615cation from other<span class=\"_ _0\"></span> comprehensive income to pr<span class=\"_ _0\"></span>o\ue615t or loss of the cumulative amount of the ex<span class=\"_ _0\"></span>change di\ue614er<span class=\"_ _0\"></span>ences rela<span class=\"_ _0\"></span>ting to that foreign oper<span class=\"_ _2\"></span>ation.50.3 Revenue from contracts with customersRevenue from contr<span class=\"_ _2\"></span>acts with customers is recognize<span class=\"_ _0\"></span>d according to the criteria set in IFR<span class=\"_ _0\"></span>S 15 <span class=\"ff11 ws59\">Rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h </span>customers<span class=\"ff1 ws5e\">.<span class=\"_ _0\"></span> In recognizing rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts with customers a \ue615v<span class=\"_ _0\"></span>e-step approa<span class=\"_ _0\"></span>ch is to be applied: \ue615rst the contr<span class=\"_ _0\"></span>act </span>with the customer<span class=\"_ _0\"></span> should be identi\ue615ed; then the distinct performance obliga<span class=\"_ _0\"></span>tions in the contract should be identi\ue615e<span class=\"_ _0\"></span>d; as a third step the tr<span class=\"_ _2\"></span>ansaction price should be determined; then the transaction price should be allocated to the distinct perf<span class=\"_ _0\"></span>or<span class=\"ws1\">-</span>mance obligations in the contr<span class=\"_ _0\"></span>act; and \ue615nally rev<span class=\"_ _0\"></span>enue is recognize<span class=\"_ _0\"></span>d when the distinct performance obliga<span class=\"_ _0\"></span>tion is satis\ue615ed. \ue618e standard mor<span class=\"_ _0\"></span>eover<span class=\"_ _2\"></span> speci\ue615es whether revenue should be r<span class=\"_ _0\"></span>ecognized at a certain point in time or<span class=\"_ _2\"></span> over a period of time<span class=\"_ _0\"></span>.Revenue is recor<span class=\"_ _2\"></span>ded net of sales taxes, customer discounts and r<span class=\"_ _0\"></span>ebates.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s policy distinguishes rev<span class=\"_ _0\"></span>enue from the sale of goods,<span class=\"_ _0\"></span> the rendering of services and multiple-element arr<span class=\"_ _0\"></span>angements.Revenue from the sale of g<span class=\"_ _0\"></span>oods comprises revenue fr<span class=\"_ _0\"></span>om the sale of consumables, chemicals,<span class=\"_ _0\"></span> spare p<span class=\"_ _0\"></span>arts, standalone equipment and softw<span class=\"_ _0\"></span>are licenses. R<span class=\"_ _0\"></span>evenue from the r<span class=\"_ _0\"></span>endering of services includes installation services, m<span class=\"_ _0\"></span>aintenance and post-contra<span class=\"_ _0\"></span>ct support services. <span class=\"_ _2\"></span>\ue618e Group also enters into arrangements combinin<span class=\"_ _0\"></span>g multiple deliver<span class=\"_ _0\"></span>ables such as softw<span class=\"_ _2\"></span>are, hardw<span class=\"_ _2\"></span>are/<span class=\"_ _2\"></span>equipment and services, including trainin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> maintenance and post-contr<span class=\"_ _0\"></span>act customer s<span class=\"_ _0\"></span>upport, the <span class=\"_ _0\"></span>\u2018multiple-e<span class=\"_ _0\"></span>l<span class=\"ws1\">-</span>ement arrang<span class=\"_ _0\"></span>ements.<span class=\"_ _1\"></span>\u2019 Freight char<span class=\"_ _0\"></span>ged to customers is recogniz<span class=\"_ _0\"></span>ed as rev<span class=\"_ _0\"></span>enue as incurred.A. Sale of goodsRevenue from the sale of g<span class=\"_ _0\"></span>oods is recognized w<span class=\"_ _0\"></span>hen the customer obtains contr<span class=\"_ _0\"></span>ol of the goods and when it is prob<span class=\"_ _0\"></span>able that the agreed tr<span class=\"_ _2\"></span>ansaction price will be collected. In ev<span class=\"_ _2\"></span>aluating whether collectabilit<span class=\"_ _0\"></span>y is proba<span class=\"_ _0\"></span>ble,<span class=\"_ _0\"></span> the entity considers the customer\u2019<span class=\"_ _2\"></span>s ability<span class=\"_ _0\"></span> and intention to pay tha<span class=\"_ _0\"></span>t amount when it is due<span class=\"_ _0\"></span>. Rev<span class=\"_ _0\"></span>enue from the sale of goods is, under<span class=\"_ _2\"></span> IFRS 15, recognized upon de<span class=\"_ _0\"></span>livery followin<span class=\"_ _0\"></span>g applicable freight terms,<span class=\"_ _0\"></span> at a point in time<span class=\"_ _0\"></span>.Revenue from the sale of stand-alone sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e licenses is recognize<span class=\"_ _0\"></span>d at a point in time,<span class=\"_ _2\"></span> at the delivery of the source key<span class=\"_ _2\"></span>. \ue618e license is recognized a<span class=\"_ _0\"></span>t a point in time as the Group prov<span class=\"_ _0\"></span>ides the customer<span class=\"_ _0\"></span> access to and a right to use the intellectual property as it e<span class=\"_ _0\"></span>xists at a point in time<span class=\"_ _0\"></span>.In case volume discounts incentives ar<span class=\"_ _0\"></span>e o\ue614ered to the customer<span class=\"_ _2\"></span>, the e<span class=\"_ _0\"></span>xpected volume r<span class=\"_ _0\"></span>ebates ar<span class=\"_ _0\"></span>e estimated base<span class=\"_ _0\"></span>d on historical experience<span class=\"_ _2\"></span>. \ue618e amount of the v<span class=\"_ _2\"></span>ariable consideration is made b<span class=\"_ _0\"></span>ased on the most like<span class=\"_ _0\"></span>ly amount-method. <span class=\"_ _2\"></span>\ue618e vari<span class=\"_ _0\"></span>able consideration is r<span class=\"_ _0\"></span>ecognized only to the e<span class=\"_ _0\"></span>xtent that it is highly pr<span class=\"_ _0\"></span>obable that a signi\ue615cant r<span class=\"_ _0\"></span>eversal in the amount of cumulative r<span class=\"_ _0\"></span>evenue will not occur<span class=\"_ _2\"></span>.B. Rendering of servicesUnder the IFR<span class=\"_ _0\"></span>S 15 standar<span class=\"_ _0\"></span>d, rev<span class=\"_ _0\"></span>enue from maintenance contr<span class=\"_ _2\"></span>acts is recognized str<span class=\"_ _0\"></span>aight-line over<span class=\"_ _2\"></span> the maintenance period as the customer simultaneously<span class=\"_ _0\"></span> receives and consumes the bene\ue615ts fr<span class=\"_ _0\"></span>om the maintenance ov<span class=\"_ _0\"></span>er time<span class=\"_ _2\"></span>.Revenue from ins<span class=\"_ _0\"></span>tallation and implementation services are r<span class=\"_ _0\"></span>ecognized as render<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e progress is meas<span class=\"_ _0\"></span>ured based on input methods being the labor<span class=\"_ _0\"></span> hours expended to date <span class=\"_ _0\"></span>versus the estima<span class=\"_ _0\"></span>ted hours spend.When in a service contract multiple services ar<span class=\"_ _0\"></span>e o\ue614ered,<span class=\"_ _0\"></span> the total considera<span class=\"_ _0\"></span>tion is allocated to all services based on their<span class=\"_ _2\"></span> stand-alone selling price<span class=\"_ _2\"></span>.C. Multiple-element arrangementsMultiple-element arran<span class=\"_ _0\"></span>gements o\ue614er<span class=\"_ _0\"></span> the customer a combin<span class=\"_ _0\"></span>ation of several de<span class=\"_ _0\"></span>livera<span class=\"_ _0\"></span>bles such as softw<span class=\"_ _0\"></span>are<span class=\"_ _2\"></span>, licenses, hardw<span class=\"_ _2\"></span>are,<span class=\"_ _0\"></span> implementation services and maintenance and post-contr<span class=\"_ _0\"></span>act support services. F<span class=\"_ _2\"></span>or arran<span class=\"_ _0\"></span>gements not requir<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>ing substantive cus<span class=\"_ _0\"></span>tomization of the softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, e<span class=\"_ _0\"></span>ach aforementioned deliv<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble is assumed to qualify as a separ<span class=\"_ _2\"></span>ate per<span class=\"ls1 ws1\">-</span>formance obligation.\ue618e total arrang<span class=\"_ _0\"></span>ement fee is allocated to the distinct perform<span class=\"_ _0\"></span>ance obligations based on the s<span class=\"_ _0\"></span>tand-alone selling prices of the performance obligations.In case discounts are o\ue614ere<span class=\"_ _0\"></span>d, a proportiona<span class=\"_ _0\"></span>te amount is allocated proportionally<span class=\"_ _0\"></span> to each performance oblig<span class=\"_ _0\"></span>ation based on their stand-alone se<span class=\"_ _0\"></span>lling price.Within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> and Radiology Solutions business segments, most arr<span class=\"_ _0\"></span>angements do not requir<span class=\"_ _0\"></span>e signi\ue615cant cus<span class=\"ws1\">-</span>tomization of modi\ue615cation.Revenue allocated to the h<span class=\"_ _0\"></span>ardw<span class=\"_ _0\"></span>are portion of the arr<span class=\"_ _0\"></span>angement is recogniz<span class=\"_ _0\"></span>ed on delivery when it cr<span class=\"_ _0\"></span>eates v<span class=\"_ _2\"></span>alue to the cus<span class=\"ws1\">-</span>tomer on a stand-alone b<span class=\"_ _0\"></span>asis. Har<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>are is considered as a distinct perf<span class=\"_ _0\"></span>ormance obligation as there is no tr<span class=\"_ _2\"></span>ansformative relationship bet<span class=\"_ _0\"></span>ween the hardw<span class=\"_ _2\"></span>are and other components of the contr<span class=\"_ _0\"></span>act.Revenue allocated to the sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e component is recognize<span class=\"_ _0\"></span>d after succes<span class=\"_ _0\"></span>sful installation and acceptation a<span class=\"_ _0\"></span>t the client\u2019<span class=\"_ _2\"></span>s premises. <span class=\"_ _2\"></span>\ue618e softwar<span class=\"_ _0\"></span>e license is a distinct performance obligation as the cus<span class=\"_ _0\"></span>tomer can bene\ue615t from the license <span class=\"_ _0\"></span>with re<span class=\"_ _0\"></span>ad<span class=\"ws1\">-</span>ily av<span class=\"_ _2\"></span>ailable resources. <span class=\"_ _2\"></span>\ue618e license is recognized at a point in time as the Group pr<span class=\"_ _0\"></span>ovides the customer<span class=\"_ _2\"></span> access to and a right to use the intellectual property<span class=\"_ _0\"></span> as it exists at a point in time<span class=\"_ _2\"></span>.Revenue from ins<span class=\"_ _0\"></span>tallation and implementation services are r<span class=\"_ _0\"></span>ecognized as render<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e progress is meas<span class=\"_ _0\"></span>ured based on input methods being the labor<span class=\"_ _0\"></span> hours expensed to date <span class=\"_ _0\"></span>versus the estima<span class=\"_ _0\"></span>ted hours spend.Extended w<span class=\"_ _2\"></span>arranty whereb<span class=\"_ _0\"></span>y the customer<span class=\"_ _0\"></span> purchases additional <span class=\"_ _0\"></span>warr<span class=\"_ _2\"></span>anty separately<span class=\"_ _1\"></span>, i.e<span class=\"_ _0\"></span>. w<span class=\"_ _2\"></span>arranty that is addin<span class=\"_ _0\"></span>g additional services on top of the legal w<span class=\"_ _0\"></span>arranty or<span class=\"_ _2\"></span> for a longer<span class=\"_ _2\"></span> period than legal warr<span class=\"_ _0\"></span>anty<span class=\"_ _2\"></span>, is consider<span class=\"_ _0\"></span>ed as a distinct performance obli<span class=\"ws1\">-</span>gation within multiple-e<span class=\"_ _0\"></span>lement arrang<span class=\"_ _0\"></span>ements.Revenue recogniz<span class=\"_ _0\"></span>ed for<span class=\"_ _0\"></span> which no billing has y<span class=\"_ _0\"></span>et occurred is recogniz<span class=\"_ _0\"></span>ed in the statement of \ue615nancial position as contr<span class=\"_ _2\"></span>act assets and adv<span class=\"_ _0\"></span>ance payments r<span class=\"_ _0\"></span>eceived for<span class=\"_ _2\"></span> which no revenue has been recogniz<span class=\"_ _0\"></span>ed is presented as contr<span class=\"_ _0\"></span>act liabilities.Within the O\ue614set Solutions and Digital Print &amp; Chemicals div<span class=\"_ _0\"></span>isions, rev<span class=\"_ _0\"></span>enue from sale of equipment that r<span class=\"_ _0\"></span>equire substan<span class=\"ws1\">-</span>tive installation a<span class=\"_ _0\"></span>ctivities is recognize<span class=\"_ _0\"></span>d when the installation of the equipment is \ue615naliz<span class=\"_ _0\"></span>ed in accord<span class=\"_ _0\"></span>ance with the contr<span class=\"_ _0\"></span>ac<span class=\"ws1\">-</span>tually agreed speci\ue615ca<span class=\"_ _0\"></span>tions. Installation services and equipment ar<span class=\"_ _0\"></span>e considered highly<span class=\"_ _0\"></span> interrelated and ar<span class=\"_ _0\"></span>e identi\ue615ed as one performance obligation tha<span class=\"_ _0\"></span>t is recognized at a point in time<span class=\"_ _2\"></span>, i.e<span class=\"_ _2\"></span>. at installation at the client<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s premises.50.4 Employee bene\ue61ftsFor<span class=\"_ _2\"></span> the accounting treatment of post-emplo<span class=\"_ _0\"></span>yment plans, IFRS dis<span class=\"_ _0\"></span>tinguishes de\ue615ned contribution plans and de\ue615ned ben<span class=\"ws1\">-</span>e\ue615t plans. <span class=\"_ _2\"></span>\ue618e classi\ue615cation depends on which party<span class=\"_ _0\"></span> \u2013 Company<span class=\"_ _0\"></span> or employ<span class=\"_ _0\"></span>ee \u2013 bears the actu<span class=\"_ _0\"></span>arial and inves<span class=\"_ _0\"></span>tment risk. In case of a de\ue615ned contribution plan, the emplo<span class=\"_ _0\"></span>yee bears all the risk<span class=\"_ _0\"></span>s and therefore the C<span class=\"_ _0\"></span>ompany does not r<span class=\"_ _0\"></span>ecognize a liability in its sta<span class=\"_ _0\"></span>tement of \ue615nancial position except for<span class=\"_ _2\"></span> any unpaid contribution.In case of a de\ue615ned bene\ue615t plan, the Comp<span class=\"_ _0\"></span>any be<span class=\"_ _0\"></span>ars the actuarial and in<span class=\"_ _0\"></span>vestment risk and should consequently<span class=\"_ _0\"></span> recognize a liability in its sta<span class=\"_ _0\"></span>tement of \ue615nancial position.50.4.<span class=\"_ _2\"></span>1 De\ue61fned contribution plansContributions to de\ue615ned contribution pension plans are r<span class=\"_ _0\"></span>ecognized as an expense in pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s as incurred.\ue618ey are allocated amon<span class=\"_ _0\"></span>g functional costs: cost of sales, r<span class=\"_ _0\"></span>esear<span class=\"_ _0\"></span>ch and development expenses,<span class=\"_ _0\"></span> selling and administr<span class=\"_ _2\"></span>ative ex<span class=\"ls1 ws1\">-</span>penses, follo<span class=\"_ _0\"></span>wing the functional ar<span class=\"_ _0\"></span>ea of the corresponding pr<span class=\"_ _0\"></span>o\ue615t and cost centers to which re<span class=\"_ _0\"></span>lated employ<span class=\"_ _0\"></span>ees are attributed.50.4.2 De\ue61fned bene\ue61ft plansAs from December<span class=\"_ _0\"></span> 31, 2016<span class=\"_ _0\"></span>, the accounting tr<span class=\"_ _0\"></span>eatment for<span class=\"_ _2\"></span> Belgian de\ue615ned contribution plans with return g<span class=\"_ _0\"></span>uaranteed b<span class=\"_ _0\"></span>y law has been aligne<span class=\"_ _0\"></span>d with the accounting tr<span class=\"_ _0\"></span>eatment of de\ue615ned bene\ue615t plans.A. Liabilities for post-employment bene\ue61ftsFor<span class=\"_ _2\"></span> de\ue615ned bene\ue615t plans, the amount recognize<span class=\"_ _0\"></span>d in the statement of \ue615nancial position is determined as the present <span class=\"_ _0\"></span>value of the de\ue615ned bene\ue615t obligation less the fair<span class=\"_ _2\"></span> value of any pl<span class=\"_ _0\"></span>an assets. Wher<span class=\"_ _0\"></span>e the calculation results in a net s<span class=\"_ _0\"></span>urplus, the recognized as<span class=\"_ _0\"></span>set does not exceed the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of any economic bene\ue615ts av<span class=\"_ _2\"></span>ailable in the form of refunds from the plan or r<span class=\"_ _0\"></span>eductions in future contributions to the plan.\ue618e present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> the de\ue615ned bene\ue615t obligations (DBO) and the service costs ar<span class=\"_ _0\"></span>e calculated by a qu<span class=\"_ _0\"></span>ali\ue615ed actuary using the Projected Unit Cr<span class=\"_ _0\"></span>edit (PUC) method. Under<span class=\"_ _2\"></span> this method projected bene\ue615ts that are pa<span class=\"_ _0\"></span>ya<span class=\"_ _0\"></span>ble each futur<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar are dis<span class=\"ws1\">-</span>counted to the reporting da<span class=\"_ _0\"></span>te at the assumed interes<span class=\"_ _0\"></span>t rate<span class=\"_ _2\"></span>. \ue618e r<span class=\"_ _0\"></span>esulting total bene\ue615t obligation is then alloca<span class=\"_ _0\"></span>ted to past service,<span class=\"_ _2\"></span> presenting the DBO and year<span class=\"_ _0\"></span>-in-service<span class=\"_ _0\"></span>, presenting the service cos<span class=\"_ _0\"></span>t. <span class=\"_ _2\"></span>\ue618e assumed interest ra<span class=\"_ _0\"></span>te is the discount rate based on y<span class=\"_ _0\"></span>ields at reporting da<span class=\"_ _0\"></span>te on high-quality corpor<span class=\"_ _0\"></span>ate bonds that ha<span class=\"_ _0\"></span>ve maturity<span class=\"_ _0\"></span> dates appro<span class=\"_ _0\"></span>ximating the terms of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations. In determining the net pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of the future bene\ue615t entitlement for<span class=\"_ _0\"></span> service alrea<span class=\"_ _0\"></span>dy rendere<span class=\"_ _0\"></span>d (DBO), the Group considers f<span class=\"_ _0\"></span>uture compensation and bene\ue615t incre<span class=\"_ _2\"></span>ases. \ue618e DBO also comprises the pr<span class=\"_ _0\"></span>esent value fr<span class=\"_ _0\"></span>om the e\ue614ects of taxes pa<span class=\"_ _0\"></span>yable b<span class=\"_ _0\"></span>y the plan on contributions or<span class=\"_ _0\"></span> bene\ue615ts relatin<span class=\"_ _0\"></span>g to services already<span class=\"_ _0\"></span> rendered.More information a<span class=\"_ _0\"></span>bout the application of the PUC method for Belgi<span class=\"_ _0\"></span>an de\ue615ned contribution plans can be found here<span class=\"_ _0\"></span>after<span class=\"_ _2\"></span>.B. De\ue61fned bene\ue61ft cost recognized in pro\ue61ft or loss and \u2018Other comprehensive income\u2019\ue618e amount charged to pr<span class=\"_ _0\"></span>o\ue615t or loss consis<span class=\"_ _0\"></span>ts of current service cost, p<span class=\"_ _0\"></span>ast service cost, g<span class=\"_ _0\"></span>ain or loss on settlement,<span class=\"_ _0\"></span> net inter<span class=\"ws1\">-</span>est cost and administr<span class=\"_ _2\"></span>ative expenses and taxes. C<span class=\"_ _0\"></span>urrent service costs as we<span class=\"_ _0\"></span>ll as administra<span class=\"_ _0\"></span>tive expenses and tax<span class=\"_ _0\"></span>es, which are borne by the emplo<span class=\"_ _0\"></span>yer(s<span class=\"_ _0\"></span>) participatin<span class=\"_ _0\"></span>g to the plan, are alloca<span class=\"_ _0\"></span>ted among functional costs: cost of sales,<span class=\"_ _0\"></span> rese<span class=\"_ _0\"></span>arch and de<span class=\"ws1\">-</span>velopment expenses,<span class=\"_ _2\"></span> selling and general administr<span class=\"_ _2\"></span>ative expenses, follo<span class=\"_ _0\"></span>wing the function<span class=\"_ _0\"></span>al area of the correspondin<span class=\"_ _0\"></span>g pro\ue615t and cost centers to which re<span class=\"_ _0\"></span>lated employ<span class=\"_ _0\"></span>ees are attributed.<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ast service cost and settlement gains (losses) ar<span class=\"_ _0\"></span>e recognize<span class=\"_ _0\"></span>d immediately in pr<span class=\"_ _0\"></span>o\ue615t or loss under<span class=\"_ _2\"></span> \u2018Other oper<span class=\"_ _2\"></span>ating income\u2019<span class=\"_ _0\"></span> or <span class=\"_ _0\"></span>\u2018Other oper<span class=\"_ _2\"></span>ating expense\u2019<span class=\"_ _2\"></span> when the plan amendment, curtailment or settlement occurs.<span class=\"_ _0\"></span> Administr<span class=\"_ _0\"></span>ative e<span class=\"_ _0\"></span>xpenses which are re<span class=\"_ _0\"></span>lated to the manag<span class=\"_ _0\"></span>ement of plan assets and taxes directly link<span class=\"_ _0\"></span>ed to the return on plan assets \u2013 borne b<span class=\"_ _0\"></span>y the plan itself \u2013 are included in the r<span class=\"_ _0\"></span>eturn on plan assets and are recognized in <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _0\"></span> net of income taxes (OCI)\u2019<span class=\"_ _1\"></span>.Net interest cost is r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss under \u2018<span class=\"_ _0\"></span>Other \ue615nance e<span class=\"_ _0\"></span>xpense.<span class=\"_ _b3\"></span>\u2019 It is calculated by apply<span class=\"_ _0\"></span>ing the discount rate used to measur<span class=\"_ _0\"></span>e the de\ue615ned bene\ue615t obligation to the net de\ue615ned bene\ue615t lia<span class=\"_ _0\"></span>bility<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e net interest cost is broken do<span class=\"_ _0\"></span>wn into interest income on plan assets and inter<span class=\"_ _0\"></span>est cost on the de\ue615ned bene\ue615t obligation.<span class=\"_ _2\"></span> \ue618e di\ue614erence betw<span class=\"_ _0\"></span>een the return on plan assets and the interest income on pl<span class=\"_ _0\"></span>an assets is included in line item \u2018P<span class=\"_ _2\"></span>ost-employment bene\ue615ts: reme<span class=\"_ _0\"></span>asurements of the net de\ue615ned bene\ue615t liability\u2019<span class=\"_ _0\"></span> and recognized in <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> comprehensive income<span class=\"_ _2\"></span>, net of income taxes<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. Next to the di\ue614erence betw<span class=\"_ _0\"></span>een the actual return and the interes<span class=\"_ _0\"></span>t income on plan assets, the line item <span class=\"_ _0\"></span>\u2018P<span class=\"_ _0\"></span>ost-employment bene\ue615ts: remeas<span class=\"_ _0\"></span>urements of the net de\ue615ned bene\ue615t liability\u2019<span class=\"_ _0\"></span> also comprises actuarial gains and los<span class=\"_ _0\"></span>ses resulting for<span class=\"_ _2\"></span> example from an adjustment of the discount ra<span class=\"_ _0\"></span>te.C. De\ue61fned contribution plans with return guaranteed by lawBelgian \u2018De\ue615ne<span class=\"_ _0\"></span>d contribution plans\u2019<span class=\"_ _2\"></span> are subject to the Occupational P<span class=\"_ _2\"></span>ensions Act of April 2003. <span class=\"_ _0\"></span>According to article 24 of this Act, a\ue616li<span class=\"_ _0\"></span>ated persons are entitled to a gu<span class=\"_ _0\"></span>aranteed minimum r<span class=\"_ _0\"></span>eturn on contributions made by either<span class=\"_ _2\"></span> the organizer of the plan or the emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>. Some conditions in this la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>, such as the r<span class=\"_ _0\"></span>equired level of minimum r<span class=\"_ _0\"></span>eturn, hav<span class=\"_ _0\"></span>e been amended by the Act of December<span class=\"_ _2\"></span> 18, 2015. Similar<span class=\"_ _2\"></span> to the measurement of all other de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans, the net pension liabilit<span class=\"_ _0\"></span>y relate<span class=\"_ _0\"></span>d to de\ue615ned contribution plans with r<span class=\"_ _0\"></span>eturn guar<span class=\"_ _0\"></span>anteed by la<span class=\"_ _0\"></span>w is calculated as the di\ue614er<span class=\"_ _0\"></span>ence between the present value of the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation (DBO) and the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the plan assets. <span class=\"_ _0\"></span>As of December 31,<span class=\"_ _0\"></span> 2016,<span class=\"_ _0\"></span> the present value of the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation (DBO) and the service costs are calculate<span class=\"_ _0\"></span>d by a quali\ue615ed a<span class=\"_ _0\"></span>ctuary using the Projected Unit Credit (PUC) method.<span class=\"_ _0\"></span> More information on the g<span class=\"_ _0\"></span>eneral principles of this method can be found under<span class=\"_ _2\"></span> \u2018Liabilities for post-employment bene\ue615ts<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.Within the Belgi<span class=\"_ _0\"></span>an Agfa-Gev<span class=\"_ _2\"></span>aert Group entities, all insure<span class=\"_ _0\"></span>d plans guar<span class=\"_ _0\"></span>antee a \ue615xed return up to r<span class=\"_ _0\"></span>etirement age (<span class=\"_ _0\"></span>so-called Branch 21 insur<span class=\"_ _0\"></span>ed products).<span class=\"_ _2\"></span> Depending on the nature of the insured contr<span class=\"_ _0\"></span>act, the DBO has been determine<span class=\"_ _0\"></span>d with or<span class=\"_ _0\"></span> with<span class=\"ws1\">-</span>out future contributions and their<span class=\"_ _0\"></span> relate<span class=\"_ _0\"></span>d minimum returns up to the retir<span class=\"_ _0\"></span>ement age or e<span class=\"_ _0\"></span>xit. F<span class=\"_ _2\"></span>or the T<span class=\"_ _1\"></span>op Perform<span class=\"_ _0\"></span>ance Plan no future contributions w<span class=\"_ _0\"></span>ere considered,<span class=\"_ _2\"></span> for all other <span class=\"_ _0\"></span>\u2018Branch 21<span class=\"_ _2\"></span>\u2019 insure<span class=\"_ _0\"></span>d products recurring contributions ar<span class=\"_ _0\"></span>e paid and therefore consider<span class=\"_ _0\"></span>ed in the actuarial calcula<span class=\"_ _0\"></span>tion.Similar to the Be<span class=\"_ _0\"></span>lgian DC-plans, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Swiss DC-plans are accounted f<span class=\"_ _0\"></span>or as DB-plans under<span class=\"_ _2\"></span> IAS 19.In measuring the net li<span class=\"_ _0\"></span>ability rel<span class=\"_ _0\"></span>ated to Belgian and Sw<span class=\"_ _0\"></span>iss de\ue615ned contribution plans with r<span class=\"_ _0\"></span>eturn guar<span class=\"_ _0\"></span>anteed by la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>, the Group has applied p<span class=\"_ _0\"></span>aragr<span class=\"_ _0\"></span>aph 115 of IAS 19.<span class=\"_ _0\"></span> Par<span class=\"_ _2\"></span>agraph 115 states <span class=\"_ _0\"></span>\u201cWhere plan assets include qualify<span class=\"_ _0\"></span>ing insurance policies that exa<span class=\"_ _0\"></span>ctly match the amount and timing of some or<span class=\"_ _0\"></span> all of the bene\ue615ts pay<span class=\"_ _0\"></span>able under<span class=\"_ _0\"></span> the plan, the fair<span class=\"_ _2\"></span> value of those insur<span class=\"ws1\">-</span>ance policies is deemed to be the present v<span class=\"_ _2\"></span>alue of the related obligations<span class=\"_ _0\"></span>\u201d up to the gu<span class=\"_ _0\"></span>aranteed r<span class=\"_ _2\"></span>ate of the insurer<span class=\"_ _2\"></span>. \ue618e ap<span class=\"ws1\">-</span>plication of this par<span class=\"_ _0\"></span>agraph 115 implies a m<span class=\"_ _0\"></span>arket v<span class=\"_ _2\"></span>aluation of the retirement age contr<span class=\"_ _0\"></span>actual insure<span class=\"_ _0\"></span>d bene\ue615t, which imp<span class=\"_ _0\"></span>acts both the assets to account for<span class=\"_ _0\"></span> and the DBO.<span class=\"_ _2\"></span> In terms of<span class=\"_ _22\"></span> applying the methodology of par<span class=\"_ _2\"></span>agraph 115, man<span class=\"_ _0\"></span>agement believes that the DBO calculation should r<span class=\"_ _0\"></span>e\ue617ect that the employee is entitle<span class=\"_ _0\"></span>d to the higher of the actu<span class=\"_ _0\"></span>al accumulated reserves and the minimum reserves. <span class=\"_ _2\"></span>\ue618erefore<span class=\"_ _0\"></span>, the DBO calcula<span class=\"_ _0\"></span>tion re\ue617ects this plan char<span class=\"_ _0\"></span>acteristic for<span class=\"_ _0\"></span> every event,<span class=\"_ _0\"></span> being lea<span class=\"_ _0\"></span>ving befor<span class=\"_ _0\"></span>e retirement or<span class=\"_ _2\"></span> staying until retirement.50.4.3 T<span class=\"_ _1\"></span>ermination <span class=\"_ _22\"></span>bene\ue61ftsT<span class=\"_ _2\"></span>ermination bene\ue615ts ar<span class=\"_ _0\"></span>e recognized as a li<span class=\"_ _0\"></span>ability and an expense w<span class=\"_ _0\"></span>hen a Group compan<span class=\"_ _0\"></span>y is demonstr<span class=\"_ _0\"></span>ably committed to either: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminate the employment of an emplo<span class=\"_ _0\"></span>yee or gr<span class=\"_ _0\"></span>oup of employees befor<span class=\"_ _0\"></span>e the normal retirement d<span class=\"_ _0\"></span>ate; or</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa\">prov<span class=\"_ _0\"></span>ide termination bene\ue615ts as a result of an o\ue614er<span class=\"_ _2\"></span> made in order to encour<span class=\"_ _2\"></span>age voluntary redundancy and to the extent it </span></span>is probable th<span class=\"_ _0\"></span>at the employees w<span class=\"_ _0\"></span>ill accept the o\ue614er<span class=\"_ _2\"></span>.Where termination bene\ue615ts f<span class=\"_ _0\"></span>all due more than twe<span class=\"_ _0\"></span>lve months after<span class=\"_ _0\"></span> the reporting date<span class=\"_ _2\"></span>, they are discounted using a dis<span class=\"ws1\">-</span>count rate <span class=\"_ _0\"></span>which is the yield a<span class=\"_ _0\"></span>t reporting date on high qu<span class=\"_ _0\"></span>ality corpora<span class=\"_ _0\"></span>te bonds that hav<span class=\"_ _0\"></span>e maturity da<span class=\"_ _0\"></span>tes approxima<span class=\"_ _0\"></span>ting the terms of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.\ue618e interest impa<span class=\"_ _0\"></span>ct of unwinding and r<span class=\"_ _0\"></span>e-measuring lon<span class=\"_ _0\"></span>g-term termination bene\ue615ts at adjuste<span class=\"_ _0\"></span>d discount rates at \ue615n<span class=\"_ _0\"></span>ancial reporting date is r<span class=\"_ _0\"></span>e\ue617ected in pro\ue615t or<span class=\"_ _0\"></span> loss under<span class=\"_ _0\"></span> \u2018Other<span class=\"_ _2\"></span> \ue615nance expense\u2019<span class=\"_ _0\"></span> where<span class=\"_ _0\"></span>as the impact of incre<span class=\"_ _0\"></span>ases and decreases of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s commitments are presented under<span class=\"_ _2\"></span> \u2018Other oper<span class=\"_ _2\"></span>ating expenses \u2013 Restructuring expenses<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.50.4.4 Other long-term employee bene\ue61fts\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net obligation in respect of long-term employ<span class=\"_ _0\"></span>ee bene\ue615ts, other<span class=\"_ _0\"></span> than pension plans,<span class=\"_ _0\"></span> post-employment life in-surance and me<span class=\"_ _0\"></span>dical care<span class=\"_ _0\"></span>, is the amount of future bene\ue615t th<span class=\"_ _0\"></span>at employees ha<span class=\"_ _0\"></span>ve earne<span class=\"_ _0\"></span>d in return for<span class=\"_ _0\"></span> their service in curr<span class=\"_ _0\"></span>ent and prior periods.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e obligation is calculated usin<span class=\"_ _0\"></span>g the projected unit credit method and is discounte<span class=\"_ _0\"></span>d to its present v<span class=\"_ _0\"></span>alue and the fair<span class=\"_ _0\"></span> value of an<span class=\"_ _0\"></span>y rel<span class=\"_ _0\"></span>ated assets is deducted.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e discount rate used is the <span class=\"_ _0\"></span>yield at r<span class=\"_ _0\"></span>eporting date on high quality<span class=\"_ _0\"></span> corporate bonds th<span class=\"_ _0\"></span>at have m<span class=\"_ _0\"></span>aturity dates appr<span class=\"_ _0\"></span>oximating the terms of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.Unlike the accountin<span class=\"_ _0\"></span>g treatment of post-emplo<span class=\"_ _0\"></span>yment de\ue615ned bene\ue615t plans,<span class=\"_ _0\"></span> remeas<span class=\"_ _0\"></span>urements of other long-term emplo<span class=\"_ _0\"></span>yee <span class=\"_ _24\"></span><span class=\"ls1 ws1\"> </span>bene\ue615ts are not re\ue617ected in other<span class=\"_ _2\"></span> comprehensive income<span class=\"_ _0\"></span>. Inste<span class=\"_ _0\"></span>ad, the impa<span class=\"_ _0\"></span>ct of remeasur<span class=\"_ _0\"></span>ements is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss.50.4.5 Current employee bene\ue61ftsCurrent employ<span class=\"_ _0\"></span>ee bene\ue615t obligations are me<span class=\"_ _0\"></span>asured on an undiscounte<span class=\"_ _0\"></span>d basis and are expense<span class=\"_ _0\"></span>d as the related service is prov<span class=\"_ _0\"></span>ided. A<span class=\"_ _0\"></span> liability is r<span class=\"_ _0\"></span>ecognized for<span class=\"_ _2\"></span> the amount expected to be paid within tw<span class=\"_ _0\"></span>elve months if the Group has a pr<span class=\"_ _0\"></span>esent legal or constr<span class=\"_ _0\"></span>uctive obligation to pa<span class=\"_ _0\"></span>y this amount as a result of p<span class=\"_ _0\"></span>ast service prov<span class=\"_ _0\"></span>ided by the employ<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, and the obligation can be estimated r<span class=\"_ _0\"></span>eliably<span class=\"_ _2\"></span>.50.4.6 Share-based payment transactions\ue618e Group has cash-settled shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yment tr<span class=\"_ _0\"></span>ansactions as it has grante<span class=\"_ _0\"></span>d a long-term v<span class=\"_ _0\"></span>ariable compensation em<span class=\"ws1\">-</span>bedded in a Phantom Stock Option Pl<span class=\"_ _0\"></span>an to its CEO and key<span class=\"_ _0\"></span> personnel members of the Group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is plan can result in an additional cash bonus.In the established shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yment transa<span class=\"_ _0\"></span>ction, the eligible person dir<span class=\"_ _0\"></span>ectly participates in <span class=\"_ _0\"></span>changes in v<span class=\"_ _2\"></span>alue of the un<span class=\"ws1\">-</span>derlying equity ins<span class=\"_ _0\"></span>trument, being the shar<span class=\"_ _0\"></span>es of Agfa-Gev<span class=\"_ _2\"></span>aert NV and, accor<span class=\"_ _0\"></span>dingly<span class=\"_ _2\"></span>, the cash p<span class=\"_ _0\"></span>ayment is base<span class=\"_ _0\"></span>d on the price or v<span class=\"_ _2\"></span>alue of the equity instrument.Related sh<span class=\"_ _0\"></span>are appreciation rig<span class=\"_ _0\"></span>hts do not vest until the eligible persons h<span class=\"_ _0\"></span>ave completed a speci\ue615ed period of service<span class=\"_ _2\"></span>. \ue618er<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>fore<span class=\"_ _2\"></span>, the Company r<span class=\"_ _0\"></span>ecognizes the services receiv<span class=\"_ _0\"></span>ed, and a liabilit<span class=\"_ _0\"></span>y to pay<span class=\"_ _0\"></span> for them,<span class=\"_ _0\"></span> as the eligible person renders service during that period.<span class=\"_ _0\"></span> \ue618e li<span class=\"_ _0\"></span>ability is me<span class=\"_ _0\"></span>asured,<span class=\"_ _0\"></span> initially and at the end of each r<span class=\"_ _0\"></span>eporting period until settled,<span class=\"_ _0\"></span> at the fair<span class=\"_ _0\"></span> value of the share apprecia<span class=\"_ _0\"></span>tion rights, by<span class=\"_ _0\"></span> applying an option pricing model,<span class=\"_ _0\"></span> and the extent to which the emplo<span class=\"_ _0\"></span>yees hav<span class=\"_ _0\"></span>e ren<span class=\"ws1\">-</span>dered service to date<span class=\"_ _2\"></span>. Changes in f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue are recognized in pro\ue615t or<span class=\"_ _2\"></span> loss. Both the cost recognized a<span class=\"_ _0\"></span>t initial measur<span class=\"_ _0\"></span>ement as well as the imp<span class=\"_ _0\"></span>act of changes in fair<span class=\"_ _2\"></span> value are consider<span class=\"_ _0\"></span>ed as employee bene\ue615t e<span class=\"_ _0\"></span>xpenses. Black<span class=\"_ _0\"></span> and Scholes is the applied option pricing model.50.5 Research and development expensesFor<span class=\"_ _2\"></span> accounting purposes, rese<span class=\"_ _0\"></span>arch expenses are de\ue615ne<span class=\"_ _0\"></span>d as costs incurred for<span class=\"_ _2\"></span> current or planned in<span class=\"_ _0\"></span>vestigations undertak<span class=\"_ _0\"></span>en with the prospect of gaining new<span class=\"_ _0\"></span> scienti\ue615c or technical know<span class=\"_ _0\"></span>ledge and understanding<span class=\"_ _0\"></span>. Dev<span class=\"_ _0\"></span>elopment expenses are de\ue615ned as costs incurred for<span class=\"_ _2\"></span> the application of research \ue615ndings or<span class=\"_ _0\"></span> specialist know<span class=\"_ _0\"></span>ledge to plans or<span class=\"_ _0\"></span> designs for<span class=\"_ _0\"></span> the production, prov<span class=\"_ _0\"></span>ision or deve<span class=\"_ _0\"></span>lopment of new or subs<span class=\"_ _0\"></span>tantially improv<span class=\"_ _0\"></span>ed products,<span class=\"_ _0\"></span> services or pr<span class=\"_ _0\"></span>ocesses, respectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>, prior<span class=\"_ _2\"></span> to the com<span class=\"ws1\">-</span>mencement of commercial production or<span class=\"_ _2\"></span> use.Resear<span class=\"_ _0\"></span>ch and development expenses ar<span class=\"_ _0\"></span>e incurred in the A<span class=\"_ _0\"></span>gfa-Gev<span class=\"_ _0\"></span>aert Group for<span class=\"_ _0\"></span> in-house rese<span class=\"_ _0\"></span>arch and development activ<span class=\"_ _2\"></span><span class=\"ws1\">-</span>ities, as w<span class=\"_ _0\"></span>ell as numerous rese<span class=\"_ _0\"></span>arch and deve<span class=\"_ _0\"></span>lopment collabora<span class=\"_ _0\"></span>tions and alliances with thir<span class=\"_ _0\"></span>d parties.Resear<span class=\"_ _0\"></span>ch and development expenses include<span class=\"_ _2\"></span>, in particular<span class=\"_ _2\"></span>, the running costs of the r<span class=\"_ _0\"></span>esearch and dev<span class=\"_ _0\"></span>elopment depart<span class=\"ws1\">-</span>ments such as personnel expenses,<span class=\"_ _0\"></span> material costs and depr<span class=\"_ _0\"></span>eciation of \ue615xed assets as <span class=\"_ _0\"></span>well as the costs of labor<span class=\"_ _2\"></span>atories, costs of applications development fa<span class=\"_ _0\"></span>cilities, engineering dep<span class=\"_ _0\"></span>artments and other dep<span class=\"_ _0\"></span>artments carrying out resear<span class=\"_ _0\"></span>ch and devel<span class=\"ws1\">-</span>opment tasks, cos<span class=\"_ _0\"></span>ts of contacts with universities and scienti\ue615c institutes includin<span class=\"_ _0\"></span>g expenses incurred f<span class=\"_ _0\"></span>or commissioned resear<span class=\"_ _0\"></span>ch and development w<span class=\"_ _0\"></span>ork.Resear<span class=\"_ _0\"></span>ch costs cannot be capitalized.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e conditions for capitalization of dev<span class=\"_ _0\"></span>elopment costs are closely de\ue615ne<span class=\"_ _0\"></span>d: an intan<span class=\"ws1\">-</span>gible asset must be recogniz<span class=\"_ _0\"></span>ed if,<span class=\"_ _0\"></span> and only if<span class=\"_ _0\"></span>, there is r<span class=\"_ _0\"></span>easonable certainty<span class=\"_ _0\"></span> of receiving futur<span class=\"_ _0\"></span>e cash \ue617ows that <span class=\"_ _0\"></span>will cover<span class=\"_ _2\"></span> an asset\u2019<span class=\"_ _1\"></span>s carr<span class=\"_ _22\"></span>ying amount.50.6 Net \ue61fnance costsInterest income (e<span class=\"_ _0\"></span>xpense) \u2013 net comprises inter<span class=\"_ _0\"></span>ests receiv<span class=\"_ _0\"></span>able/<span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>able in rela<span class=\"_ _0\"></span>tion to items of the net \ue615nancial debt position.Net \ue615nancial debt is de\ue615ned as curr<span class=\"_ _0\"></span>ent and non-current loans and borr<span class=\"_ _0\"></span>owings and le<span class=\"_ _0\"></span>ase liabilities less cash and cash equiv<span class=\"_ _0\"></span><span class=\"ws1\">-</span>alents. Other<span class=\"_ _0\"></span> \ue615nance income (expense<span class=\"_ _2\"></span>) \u2013 net comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsef\">interest receiv<span class=\"_ _0\"></span>ed/<span class=\"_ _2\"></span>paid on other assets and lia<span class=\"_ _0\"></span>bilities not part of the net \ue615nancial debt position such as the net inter<span class=\"_ _0\"></span>est cost </span></span>of de\ue615ned bene\ue615t plans and the interest component of long-term termina<span class=\"_ _0\"></span>tion bene\ue615ts; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge results on non-oper<span class=\"_ _2\"></span>ating activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of derivative instruments economically<span class=\"_ _0\"></span> hedging non-opera<span class=\"_ _0\"></span>ting activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the ine\ue614ective portion of cash \ue617ow he<span class=\"_ _0\"></span>dges hedging non-oper<span class=\"_ _0\"></span>ating activ<span class=\"_ _0\"></span>ities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">impairment losses recogniz<span class=\"_ _0\"></span>ed on \ue615nancial assets;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">results on the sale of mark<span class=\"_ _0\"></span>etable securities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">change in conting<span class=\"_ _0\"></span>ent consideration fr<span class=\"_ _0\"></span>om a business combination; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">other \ue615nance income (<span class=\"_ _0\"></span>expense<span class=\"_ _0\"></span>).</span></span>Interest income is recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss as it accrues,<span class=\"_ _0\"></span> taking into account the e\ue614ective <span class=\"_ _0\"></span>yield on the asset.<span class=\"_ _0\"></span> Dividend income is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss on the d<span class=\"_ _0\"></span>ate that the dividend is decl<span class=\"_ _0\"></span>ared.All interest and other<span class=\"_ _0\"></span> costs incurred in connection <span class=\"_ _0\"></span>with borro<span class=\"_ _0\"></span>wings are e<span class=\"_ _0\"></span>xpensed as incurred using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate. \ue618e interest expense component of le<span class=\"_ _0\"></span>ase payments is r<span class=\"_ _0\"></span>ecognized in pr<span class=\"_ _0\"></span>o\ue615t or loss using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate method.\ue618e net interest cost of de\ue615ned bene\ue615t plans is determine<span class=\"_ _0\"></span>d by multiplying the net de\ue615ne<span class=\"_ _0\"></span>d bene\ue615t liability b<span class=\"_ _0\"></span>y the discount rate that is used to me<span class=\"_ _0\"></span>asure the de\ue615ned bene\ue615t obligation,<span class=\"_ _2\"></span> both as determined at the start of the annual reporting period, taking account of any chan<span class=\"_ _0\"></span>ges in the net de\ue615ned bene\ue615t liability<span class=\"_ _0\"></span> during the period as a result of contributions and bene\ue615t pa<span class=\"_ _0\"></span>yments.\ue618e interest component of long-term termination bene\ue615ts comprises the imp<span class=\"_ _0\"></span>act of unwindin<span class=\"_ _0\"></span>g the liability<span class=\"_ _2\"></span>, as <span class=\"_ _0\"></span>well as the impact of the chang<span class=\"_ _0\"></span>ed discount rate<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>7 Income tax and other taxIncome tax on the pro\ue615t (loss) f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> comprises taxes paid or<span class=\"_ _2\"></span> accrued and deferred tax expense (income<span class=\"_ _0\"></span>). Income tax is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss e<span class=\"_ _0\"></span>xcept to the extent th<span class=\"_ _0\"></span>at it relates to items r<span class=\"_ _0\"></span>ecognized directly<span class=\"_ _0\"></span> in other compr<span class=\"_ _0\"></span>ehensive income,<span class=\"_ _2\"></span> in which case it is recognized in other<span class=\"_ _0\"></span> comprehensive income or<span class=\"_ _2\"></span> if<span class=\"_ _22\"></span> part of a business combination in w<span class=\"_ _0\"></span>hich case it is recognized ag<span class=\"_ _0\"></span>ainst goodwill.In determining the amount of taxes paid or<span class=\"_ _2\"></span> accrued and deferred tax expense (income<span class=\"_ _0\"></span>), the Comp<span class=\"_ _0\"></span>any tak<span class=\"_ _0\"></span>es into account the impact of uncertain tax positions and whether<span class=\"_ _2\"></span> additional taxes and interest may<span class=\"_ _0\"></span> be due.Other tax r<span class=\"_ _0\"></span>eceivables and li<span class=\"_ _0\"></span>abilities rela<span class=\"_ _0\"></span>te to other tax,<span class=\"_ _0\"></span> such as V<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> property tax and other<span class=\"_ _2\"></span> indirect taxes. <span class=\"_ _2\"></span>\ue618ey are carried at cost. Both curr<span class=\"_ _0\"></span>ent and other tax r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles are o\ue614set against current tax li<span class=\"_ _0\"></span>abilities, respectiv<span class=\"_ _0\"></span>ely other<span class=\"_ _0\"></span> tax liabilities when they rela<span class=\"_ _0\"></span>te to taxes levied b<span class=\"_ _0\"></span>y the same taxation authority<span class=\"_ _0\"></span> and are intended to be settled on a net basis and ther<span class=\"_ _0\"></span>e is a legal right to o\ue614set.50.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.1 Income taxes paid or accruedT<span class=\"_ _2\"></span>axes p<span class=\"_ _0\"></span>aid or accrue<span class=\"_ _0\"></span>d are the expected tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able on the taxable income for<span class=\"_ _2\"></span> the year<span class=\"_ _2\"></span>, using tax ra<span class=\"_ _0\"></span>tes enacted or<span class=\"_ _0\"></span> substan<span class=\"ws1\">-</span>tially enacted a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>, and any adjustment to tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able in respect of prev<span class=\"_ _0\"></span>ious ye<span class=\"_ _0\"></span>ars. Additional income tax<span class=\"_ _0\"></span>es that arise from the distribution of div<span class=\"_ _0\"></span>idends are recognize<span class=\"_ _0\"></span>d at the same time as the liability to p<span class=\"_ _0\"></span>ay the re<span class=\"_ _0\"></span>lated dividend.Current income tax for<span class=\"_ _2\"></span> current and prior periods are<span class=\"_ _0\"></span>, to the e<span class=\"_ _0\"></span>xtent unpaid, r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. If the amount alre<span class=\"_ _0\"></span>ady paid in respect of current and prior<span class=\"_ _2\"></span> periods exceeds the amount due for<span class=\"_ _0\"></span> those periods, the ex<span class=\"_ _0\"></span>cess is recognized as an as<span class=\"_ _0\"></span>set.50.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Deferred taxDeferred tax is calcula<span class=\"_ _0\"></span>ted using the balance sheet method,<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>iding for<span class=\"_ _0\"></span> temporary di\ue614erences bet<span class=\"_ _0\"></span>ween the carrying amount of assets and liabilities for<span class=\"_ _0\"></span> \ue615nancial reporting purposes and the amounts use<span class=\"_ _0\"></span>d for tax<span class=\"_ _0\"></span>ation purposes.\ue618e followin<span class=\"_ _0\"></span>g temporary di\ue614erences ar<span class=\"_ _0\"></span>e not prov<span class=\"_ _0\"></span>ided for: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">taxable tempor<span class=\"_ _0\"></span>ary di\ue614erences on the initial recognition of goodw<span class=\"_ _0\"></span>ill;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws1e\">the initial recognition of an asset or<span class=\"_ _0\"></span> liability in a tr<span class=\"_ _2\"></span>ansaction which is not a business combination and at the time of the </span></span>transaction,<span class=\"_ _2\"></span> a\ue614ects neither accounting pro\ue615t nor<span class=\"_ _0\"></span> taxable pro\ue615t (<span class=\"_ _0\"></span>tax loss); and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 lsa ws2b\">di\ue614erences rela<span class=\"_ _0\"></span>ting to inves<span class=\"_ _0\"></span>tments in subsidiaries to the extent tha<span class=\"_ _0\"></span>t they will prob<span class=\"_ _0\"></span>ably not rev<span class=\"_ _0\"></span>erse in the foresee<span class=\"_ _0\"></span>able future<span class=\"_ _2\"></span>.</span></span>\ue618e amount of deferred tax pro<span class=\"_ _0\"></span>vided is base<span class=\"_ _0\"></span>d on the expected manner<span class=\"_ _0\"></span> of realiza<span class=\"_ _0\"></span>tion or settlement of the carrying amount of assets and liabilities, usin<span class=\"_ _0\"></span>g tax rates ena<span class=\"_ _0\"></span>cted or s<span class=\"_ _0\"></span>ubstantially enacted a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>. A deferr<span class=\"_ _0\"></span>ed tax asset is recog<span class=\"ws1\">-</span>nized only to the e<span class=\"_ _0\"></span>xtent that it is proba<span class=\"_ _0\"></span>ble that future tax<span class=\"_ _0\"></span>able pro\ue615ts will be a<span class=\"_ _0\"></span>vail<span class=\"_ _0\"></span>able against which the deductible tem<span class=\"ws1\">-</span>porary di\ue614er<span class=\"_ _0\"></span>ences, unused tax losses and cr<span class=\"_ _0\"></span>edits can be utilized.<span class=\"_ _0\"></span> Deferred tax assets ar<span class=\"_ _0\"></span>e reduced to the e<span class=\"_ _0\"></span>xtent that it is no longer<span class=\"_ _0\"></span> probable th<span class=\"_ _0\"></span>at the rela<span class=\"_ _0\"></span>ted tax bene\ue615t will be re<span class=\"_ _2\"></span>alized.Deferred tax assets and def<span class=\"_ _0\"></span>erred tax liabilities ar<span class=\"_ _0\"></span>e o\ue614set in the statement of \ue615nancial position if the entity has a leg<span class=\"_ _0\"></span>al right to settle current tax amounts on a net basis and the deferr<span class=\"_ _0\"></span>ed tax amounts are levie<span class=\"_ _0\"></span>d by the same taxing authorit<span class=\"_ _0\"></span>y on the same entity that intend to r<span class=\"_ _0\"></span>ealize the asset and settle the li<span class=\"_ _0\"></span>ability at the same time<span class=\"_ _2\"></span>.50.8 Goodwill and intangible assets with inde\ue61fnite useful livesGoodwill is meas<span class=\"_ _0\"></span>ured at cost less a<span class=\"_ _0\"></span>ccumulated impairment los<span class=\"_ _0\"></span>ses. In respect of equity<span class=\"_ _0\"></span>-accounted inv<span class=\"_ _0\"></span>estees, the carryin<span class=\"_ _0\"></span>g amount of goodwill is included in the carrying amount <span class=\"_ _0\"></span>of the investment,<span class=\"_ _0\"></span> and any imp<span class=\"_ _0\"></span>airment loss is allocated to the car<span class=\"_ _2\"></span><span class=\"ws1\">-</span>rying amount of the equity-accounte<span class=\"_ _0\"></span>d investee as a <span class=\"_ _0\"></span>whole<span class=\"_ _0\"></span>.Intangible assets with inde\ue615nite usef<span class=\"_ _0\"></span>ul lives, such as tr<span class=\"_ _2\"></span>ademarks, are s<span class=\"_ _0\"></span>tated at cost less accumul<span class=\"_ _0\"></span>ated impairment losses.Intangible assets with inde\ue615nite usef<span class=\"_ _0\"></span>ul lives are not amortize<span class=\"_ _0\"></span>d. Inste<span class=\"_ _0\"></span>ad, they ar<span class=\"_ _0\"></span>e tested for<span class=\"_ _0\"></span> impairment annually and <span class=\"_ _0\"></span>when<span class=\"ws1\">-</span>ever<span class=\"_ _0\"></span> there is an indication that the intangible as<span class=\"_ _0\"></span>set may be imp<span class=\"_ _0\"></span>aired.50.9 Intangible assets with \ue61fnite useful lives50.9.<span class=\"_ _2\"></span>1 Recognition and measurementIntangible assets with \ue615nite usef<span class=\"_ _0\"></span>ul lives are state<span class=\"_ _0\"></span>d at cost less accumula<span class=\"_ _0\"></span>ted amortization and impairment losses.Resear<span class=\"_ _0\"></span>ch and development costs are e<span class=\"_ _0\"></span>xpensed as they are incurr<span class=\"_ _0\"></span>ed, e<span class=\"_ _0\"></span>xcept for<span class=\"_ _0\"></span> certain development costs,<span class=\"_ _0\"></span> which are cap<span class=\"ws1\">-</span>italized when it is pr<span class=\"_ _0\"></span>obable that a dev<span class=\"_ _0\"></span>elopment project w<span class=\"_ _0\"></span>ill be a success, and certain criteri<span class=\"_ _0\"></span>a, including technological and commercial fe<span class=\"_ _0\"></span>asibility<span class=\"_ _2\"></span>, ha<span class=\"_ _0\"></span>ve been met. C<span class=\"_ _0\"></span>apitalized deve<span class=\"_ _0\"></span>lopment costs are amortized on a s<span class=\"_ _2\"></span>ystematic basis over<span class=\"_ _2\"></span> their expe<span class=\"_ _22\"></span>cted useful lives.In accordance <span class=\"_ _0\"></span>with IFRS 3 <span class=\"ff11 wsf5\">Busines<span class=\"_ _0\"></span>s combinat<span class=\"_ _0\"></span>ions<span class=\"ff1 wsd8\">, if an intangible asset is acquir<span class=\"_ _0\"></span>ed in a business combination,<span class=\"_ _0\"></span> the cost of </span></span>that intangible asset is its f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue at the acquisition date.<span class=\"_ _2\"></span> \ue618e fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of an intangible asset re\ue617ects mark<span class=\"_ _0\"></span>et expectations about the proba<span class=\"_ _0\"></span>bility that the futur<span class=\"_ _0\"></span>e economic bene\ue615ts embodied in the asset will \ue617o<span class=\"_ _0\"></span>w to the entity<span class=\"_ _2\"></span>.50.9.2 Subsequent expenditureSubsequent expenditure is capitaliz<span class=\"_ _0\"></span>ed only when it incre<span class=\"_ _2\"></span>ases the future economic bene\ue615ts embodied in the speci\ue615c asset to which it rel<span class=\"_ _0\"></span>ates. All other<span class=\"_ _2\"></span> expenditure is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss as incurr<span class=\"_ _0\"></span>ed.50.9.3 AmortizationIntangible assets with \ue615nite usef<span class=\"_ _0\"></span>ul lives, such as a<span class=\"_ _0\"></span>cquired technology and customer<span class=\"_ _0\"></span> rela<span class=\"_ _0\"></span>tionships are amortized on a straig<span class=\"_ _0\"></span>ht-line basis over<span class=\"_ _2\"></span> their estimated useful liv<span class=\"_ _0\"></span>es, gener<span class=\"_ _2\"></span>ally for periods r<span class=\"_ _0\"></span>anging from \ue615ve to 1<span class=\"_ _0\"></span>5 ye<span class=\"_ _0\"></span>ars. Amortiza<span class=\"_ _0\"></span>tion meth<span class=\"ws1\">-</span>ods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _2\"></span>alues are reviewed at e<span class=\"_ _2\"></span>ach reporting date and adjusted if appropri<span class=\"_ _0\"></span>ate.50.<span class=\"_ _2\"></span>10 Prop<span class=\"_ _22\"></span>erty<span class=\"_ _1\"></span>, plant and equipment50.<span class=\"_ _2\"></span>10.1 Recognition and measurementItems of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equipment are measur<span class=\"_ _0\"></span>ed at cost less accumul<span class=\"_ _0\"></span>ated deprecia<span class=\"_ _0\"></span>tion and impairment losses.\ue618e cost of an item of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equipment comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">its purchase price<span class=\"_ _2\"></span>, including import duties and non-refundable pur<span class=\"_ _0\"></span>chase taxes;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws36\">any costs dir<span class=\"_ _0\"></span>ectly attributable to bringing the as<span class=\"_ _0\"></span>set to the location and condition necessary for<span class=\"_ _0\"></span> it to be capable of opera<span class=\"_ _0\"></span>t<span class=\"ws1\">-</span></span></span>ing in the manner<span class=\"_ _0\"></span> intended by manag<span class=\"_ _0\"></span>ement; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws14\">the initial estimate of the costs of dismantling and r<span class=\"_ _0\"></span>emoving the item and r<span class=\"_ _0\"></span>estoring the site on which it is loca<span class=\"_ _0\"></span>ted, the </span></span>obligation for<span class=\"_ _0\"></span> which the Comp<span class=\"_ _0\"></span>any incurs either<span class=\"_ _0\"></span> when the item is acquir<span class=\"_ _0\"></span>ed, or<span class=\"_ _0\"></span> as a consequence of having <span class=\"_ _0\"></span>used the item during a particular<span class=\"_ _2\"></span> period for purposes other than to pr<span class=\"_ _0\"></span>oduce inventories durin<span class=\"_ _0\"></span>g that period; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">capitalized borro<span class=\"_ _0\"></span>wing costs.</span></span>For<span class=\"_ _2\"></span> self-constructed assets, dir<span class=\"_ _0\"></span>ectly attributable costs are dir<span class=\"_ _0\"></span>ect cost of materials,<span class=\"_ _0\"></span> direct manufa<span class=\"_ _0\"></span>cturing expenses, appr<span class=\"_ _0\"></span>o<span class=\"ws1\">-</span>priate allocations of material and m<span class=\"_ _0\"></span>anufacturing ov<span class=\"_ _0\"></span>erheads,<span class=\"_ _0\"></span> and an appropriate sh<span class=\"_ _0\"></span>are of the depreciation of assets used in construction. It includes the sh<span class=\"_ _0\"></span>are of expenses for<span class=\"_ _0\"></span> compan<span class=\"_ _0\"></span>y pension plans and discretionary employ<span class=\"_ _0\"></span>ee bene\ue615ts that are attributable to construction and capitaliz<span class=\"_ _0\"></span>ed borrow<span class=\"_ _0\"></span>ing costs.50.<span class=\"_ _2\"></span>10.2 Subsequent exp<span class=\"_ _22\"></span>enditureExpenses for<span class=\"_ _0\"></span> the repair<span class=\"_ _0\"></span> and maintenance of property<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment are usu<span class=\"_ _0\"></span>ally expensed as incurre<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618ey are,<span class=\"_ _0\"></span> howev<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>, capitalized when they incr<span class=\"_ _0\"></span>ease the futur<span class=\"_ _0\"></span>e economic bene\ue615ts embodied in the item of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equip<span class=\"ws1\">-</span>ment.50.<span class=\"_ _2\"></span>10.3 DepreciationProperty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment is depreciate<span class=\"_ _0\"></span>d on a straight-line b<span class=\"_ _0\"></span>asis over<span class=\"_ _2\"></span> the estimated useful life of the item. F<span class=\"_ _2\"></span>or leased assets, the depr<span class=\"_ _0\"></span>eciation period is the estimated usef<span class=\"_ _0\"></span>ul life of the asset, or<span class=\"_ _0\"></span> the lease term if shorter<span class=\"_ _2\"></span>.\ue618e estimated useful liv<span class=\"_ _0\"></span>es of the respective asset categ<span class=\"_ _0\"></span>ories are as follo<span class=\"_ _0\"></span>ws:Buildings<span class=\"_ _13d\"> </span>\ue61f\ue61e to \ue618\ue61e yearsOutdoor infrastructure<span class=\"_ _155\"> </span>\ue61d\ue61e to \ue61f\ue61e yearsPlant installations<span class=\"_ _1d4\"> </span>\ue617 to \ue61f\ue61e yearsMachinery and equipment<span class=\"_ _2c0\"> </span>\ue617 to \ue61d\ue61f yearsLaboratory and research facilities<span class=\"_ _2be\"> </span>\ue61a to \ue618 yearsV<span class=\"_ _2\"></span>ehicles<span class=\"_ _199\"> </span>\ue616 to \ue61c yearsComputer equipment<span class=\"_ _297\"> </span>\ue61a to \ue618 yearsFurniture and \ue614xtures<span class=\"_ _33a\"> </span>\ue616 to \ue61d\ue61e yearsDepreciation methods,<span class=\"_ _0\"></span> useful lives and residu<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alues are review<span class=\"_ _0\"></span>ed at ea<span class=\"_ _0\"></span>ch reporting date and a<span class=\"_ _0\"></span>djusted if appropriate<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>11 Non-current assets held for sale\ue618e Group classi\ue615es an asset (<span class=\"_ _0\"></span>or disposal gr<span class=\"_ _0\"></span>oup) as held for<span class=\"_ _0\"></span> sale if its carrying amount will be r<span class=\"_ _0\"></span>ecovere<span class=\"_ _0\"></span>d principally throug<span class=\"_ _0\"></span>h a sale transaction r<span class=\"_ _2\"></span>ather than through continuin<span class=\"_ _0\"></span>g use.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> this to be the case, the asset (<span class=\"_ _0\"></span>or disposal gr<span class=\"_ _0\"></span>oup) must be av<span class=\"_ _2\"></span>ailable for imme<span class=\"_ _0\"></span>diate sale in its present condition subject only to terms th<span class=\"_ _0\"></span>at are usual and cus<span class=\"_ _0\"></span>tomary for sale of such assets (<span class=\"_ _0\"></span>or disposal groups) and its sale must be hig<span class=\"_ _0\"></span>hly probable<span class=\"_ _2\"></span>.Immediately bef<span class=\"_ _0\"></span>ore classi\ue615cation as held f<span class=\"_ _0\"></span>or sale<span class=\"_ _2\"></span>, the Group measur<span class=\"_ _0\"></span>es the carrying amount of the asset (or<span class=\"_ _0\"></span> all the assets and liabilities in the disposal group<span class=\"_ _0\"></span>) in accordance <span class=\"_ _0\"></span>with applicable IFRS.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618en, on initial clas<span class=\"_ _0\"></span>si\ue615cation as held for<span class=\"_ _0\"></span> sale,<span class=\"_ _2\"></span> assets and disposal groups are r<span class=\"_ _0\"></span>ecognized at the low<span class=\"_ _0\"></span>er of their<span class=\"_ _0\"></span> carrying amount and fair<span class=\"_ _2\"></span> value less costs to sell.<span class=\"_ _0\"></span> Impairment losses are recogniz<span class=\"_ _0\"></span>ed for an<span class=\"_ _2\"></span>y initial or subsequent write-do<span class=\"_ _0\"></span>wn of the asset (or<span class=\"_ _0\"></span> disposal group) to f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue less costs to sell. Assets classi\ue615ed as held for<span class=\"_ _2\"></span> sale are no longer amortiz<span class=\"_ _0\"></span>ed or depr<span class=\"_ _0\"></span>eciated.50.<span class=\"_ _2\"></span>12 Financial instruments50.<span class=\"_ _2\"></span>12.1 Financial assetsFinancial assets comprise equity and de<span class=\"_ _0\"></span>bt instruments in another entit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, cash and cash equiv<span class=\"_ _0\"></span>alents, lo<span class=\"_ _0\"></span>ans receiv<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> trade receiv<span class=\"_ _0\"></span>ables, r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles under \ue615nance le<span class=\"_ _0\"></span>ases and other r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles as well as deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments.\ue618e Group initially r<span class=\"_ _0\"></span>ecognizes loans and receiv<span class=\"_ _2\"></span>ables on the date that they are origin<span class=\"_ _0\"></span>ated. <span class=\"_ _0\"></span>All other non-deriv<span class=\"_ _2\"></span>ative \ue615nancial assets are recogniz<span class=\"_ _0\"></span>ed on the tra<span class=\"_ _0\"></span>de date when the Gr<span class=\"_ _0\"></span>oup becomes a party to the contr<span class=\"_ _0\"></span>actual pro<span class=\"_ _0\"></span>visions of the instrument.A tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>able without signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancing is initially me<span class=\"_ _0\"></span>asured at its f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue plus any transa<span class=\"_ _0\"></span>ction costs that are di<span class=\"ws1\">-</span>rectly attributable to the a<span class=\"_ _0\"></span>cquisition of the \ue615nancial assets. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rel<span class=\"_ _0\"></span>ated to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t and los<span class=\"_ _0\"></span>s are recognize<span class=\"_ _0\"></span>d in the income statement.\ue618e Group derecogniz<span class=\"_ _0\"></span>es a \ue615nancial asset when the contr<span class=\"_ _2\"></span>actual rights to the cash \ue617ows from the asset e<span class=\"_ _0\"></span>xpire<span class=\"_ _0\"></span>, or<span class=\"_ _0\"></span> when it transfers the rig<span class=\"_ _0\"></span>hts to receive the contr<span class=\"_ _0\"></span>actual cash \ue617ow<span class=\"_ _0\"></span>s on a \ue615nancial asset in a tr<span class=\"_ _0\"></span>ansaction in which substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _2\"></span>ards of ownership of the \ue615nancial asset are tr<span class=\"_ _2\"></span>ansferred. In a tr<span class=\"_ _0\"></span>ansaction where an entit<span class=\"_ _0\"></span>y neither tr<span class=\"_ _2\"></span>ansfers nor retains substantially<span class=\"_ _0\"></span> all of the risks and rew<span class=\"_ _0\"></span>ards of ow<span class=\"_ _0\"></span>nership of a \ue615nancial asset, the r<span class=\"_ _0\"></span>elated asset is der<span class=\"_ _0\"></span>ecognized in case the entity lost control of the asset.<span class=\"_ _2\"></span> Financial assets and liabilities are o\ue614set and the net amount presented in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position when,<span class=\"_ _0\"></span> and only when, the Gr<span class=\"_ _0\"></span>oup has a legal right to o\ue614set the amounts and intends either<span class=\"_ _2\"></span> to settle on a net basis or<span class=\"_ _0\"></span> to realiz<span class=\"_ _0\"></span>e the asset and settle the liability simultaneously<span class=\"_ _2\"></span>.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of non-deriv<span class=\"_ _2\"></span>ative \ue615nancial assets: \ue615nancial assets a<span class=\"_ _0\"></span>t amortized cost and \ue615nancial assets at fair<span class=\"_ _2\"></span> value through other<span class=\"_ _0\"></span> comprehensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _0\"></span> Its classi\ue615cation r<span class=\"_ _0\"></span>e\ue617ects the business model in which the assets are manag<span class=\"_ _0\"></span>ed and their cash \ue617o<span class=\"_ _0\"></span>w char<span class=\"_ _0\"></span>acteristics.A. Financial assets at amortized costA \ue615nancial asset is s<span class=\"_ _0\"></span>ubsequently measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t if it is held within a business model w<span class=\"_ _0\"></span>hose objective is to hold \ue615nancial assets in or<span class=\"_ _0\"></span>der to collect contr<span class=\"_ _2\"></span>actual cash \ue617ows and the contractu<span class=\"_ _0\"></span>al terms of the \ue615nancial asset give rise on speci<span class=\"ws1\">-</span>\ue615ed dates to cash \ue617ow<span class=\"_ _0\"></span>s that are solely p<span class=\"_ _0\"></span>ayments of principal and inter<span class=\"_ _0\"></span>est on the principal amount outstanding<span class=\"_ _2\"></span>.All the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s receiv<span class=\"_ _0\"></span>ables \u2013 tra<span class=\"_ _0\"></span>de receiv<span class=\"_ _0\"></span>ables, receiv<span class=\"_ _2\"></span>ables under \ue615nance le<span class=\"_ _0\"></span>ases as well as other<span class=\"_ _0\"></span> receiv<span class=\"_ _2\"></span>ables \u2013 and cash and cash equivalents \ue615t into af<span class=\"_ _0\"></span>orementioned de\ue615nition and are consequently me<span class=\"_ _2\"></span>asured at amortized cost.B. Financial assets at fair value through other comprehensive income (FVOCI)A debt instrument is me<span class=\"_ _2\"></span>asured at fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough other compr<span class=\"_ _0\"></span>ehensive income if it is held w<span class=\"_ _0\"></span>ithin a business model whose objective is achiev<span class=\"_ _0\"></span>ed by both collecting contr<span class=\"_ _2\"></span>actual cash \ue617ows and selling \ue615nancial assets and the contr<span class=\"_ _2\"></span>actual terms of the \ue615nancial asset give rise on speci\ue615e<span class=\"_ _0\"></span>d dates to cash \ue617ows th<span class=\"_ _0\"></span>at are solely p<span class=\"_ _0\"></span>ayments of principal and inter<span class=\"_ _0\"></span>est on the principal amount outstanding<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t income calculated using the e\ue614ectiv<span class=\"_ _0\"></span>e interest method,<span class=\"_ _0\"></span> foreign ex<span class=\"_ _0\"></span>change gains and losses and impairment are r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss. Other net gains and los<span class=\"_ _0\"></span>ses are recognize<span class=\"_ _0\"></span>d in OCI. On derecognition,<span class=\"_ _0\"></span> gains and losses accumulate<span class=\"_ _0\"></span>d in OCI are reclassi\ue615e<span class=\"_ _0\"></span>d to pro\ue615t or<span class=\"_ _0\"></span> loss.\ue618e Group has made an irr<span class=\"_ _0\"></span>evocable election for<span class=\"_ _2\"></span> the investment in Digital Illustr<span class=\"_ _0\"></span>ate Inc. to clas<span class=\"_ _0\"></span>sify it as FV<span class=\"_ _0\"></span>OCI. <span class=\"_ _2\"></span>\ue618e impact of subsequent measur<span class=\"_ _0\"></span>ement of this investment in equity<span class=\"_ _0\"></span> securities is re\ue617ected in OCI under<span class=\"_ _0\"></span> \u2018Other<span class=\"_ _2\"></span> reserves\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618is item in OCI will not be recl<span class=\"_ _0\"></span>assi\ue615ed subsequently to pro\ue615t or<span class=\"_ _2\"></span> loss.50.<span class=\"_ _2\"></span>12.2 Financial liabilitiesFinancial liabilities comprise debentur<span class=\"_ _0\"></span>es, uncommitted b<span class=\"_ _0\"></span>ank facilities,<span class=\"_ _0\"></span> revolv<span class=\"_ _0\"></span>ing and other cr<span class=\"_ _0\"></span>edit facilities,<span class=\"_ _0\"></span> tra<span class=\"_ _0\"></span>de and other pay<span class=\"_ _2\"></span>ables as well as deriv<span class=\"_ _0\"></span>ative \ue615nancial instr<span class=\"_ _0\"></span>uments.Financial liabilities ar<span class=\"_ _0\"></span>e recognized initially<span class=\"_ _0\"></span> at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue on the trade da<span class=\"_ _0\"></span>te at which the Group becomes a p<span class=\"_ _0\"></span>arty to the con<span class=\"ws1\">-</span>tractu<span class=\"_ _0\"></span>al provisions of the instr<span class=\"_ _0\"></span>ument.At initial recognition,<span class=\"_ _2\"></span> the Group measures its \ue615nancial li<span class=\"_ _0\"></span>abilities at its fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue less any tr<span class=\"_ _2\"></span>ansaction costs that are directly attributable to the issuance of the \ue615nanci<span class=\"_ _0\"></span>al liability<span class=\"_ _2\"></span>.Non-deriv<span class=\"_ _0\"></span>ative \ue615nancial lia<span class=\"_ _0\"></span>bilities are subsequently me<span class=\"_ _0\"></span>asured at amortiz<span class=\"_ _0\"></span>ed cost ex<span class=\"_ _0\"></span>cept for \ue615n<span class=\"_ _0\"></span>ancial liabilities that arise w<span class=\"_ _0\"></span>hen a transfer<span class=\"_ _2\"></span> of a \ue615nancial asset does not qualify for de-r<span class=\"_ _0\"></span>ecognition or when the continuin<span class=\"_ _0\"></span>g involv<span class=\"_ _0\"></span>ement approach applies.Interest-be<span class=\"_ _0\"></span>aring loans and borro<span class=\"_ _0\"></span>wings are s<span class=\"_ _0\"></span>tated at amortized cos<span class=\"_ _0\"></span>t with any<span class=\"_ _0\"></span> di\ue614erence betw<span class=\"_ _0\"></span>een the initial amount and the maturity amount being r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss over the e<span class=\"_ _0\"></span>xpected life of the instrument on an e\ue614ectiv<span class=\"_ _0\"></span>e interest r<span class=\"_ _0\"></span>ate basis.If a transfer<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> a \ue615nancial asset does not res<span class=\"_ _0\"></span>ult in de-recognition because the entity has r<span class=\"_ _0\"></span>etained substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _0\"></span>ards of ownership of the tr<span class=\"_ _2\"></span>ansferred asset, the Group continues to r<span class=\"_ _0\"></span>ecognize the tr<span class=\"_ _0\"></span>ansferred asset in its entir<span class=\"_ _0\"></span>ety and recognizes a \ue615nanci<span class=\"_ _0\"></span>al liability for<span class=\"_ _2\"></span> the consideration receive<span class=\"_ _0\"></span>d. In subsequent periods,<span class=\"_ _0\"></span> the Group recogniz<span class=\"_ _0\"></span>ed any income on the transferr<span class=\"_ _0\"></span>ed asset and any<span class=\"_ _0\"></span> expense incurred on the \ue615n<span class=\"_ _0\"></span>ancial liability<span class=\"_ _2\"></span>.If the Group neither tr<span class=\"_ _2\"></span>ansfers nor retains substanti<span class=\"_ _0\"></span>ally all the risks and rew<span class=\"_ _2\"></span>ards of ownership of a transferr<span class=\"_ _0\"></span>ed asset, and retains control of the tr<span class=\"_ _0\"></span>ansferred asset,<span class=\"_ _2\"></span> the entity continues to recognize the transf<span class=\"_ _0\"></span>erred asset to the extent of its continuing involv<span class=\"_ _0\"></span>ement and recognizes an as<span class=\"_ _0\"></span>sociated liability<span class=\"_ _1\"></span>. \ue618e e<span class=\"_ _0\"></span>xtent of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s continuing involv<span class=\"_ _0\"></span>ement in the transferr<span class=\"_ _0\"></span>ed asset is the extent to which it is e<span class=\"_ _0\"></span>xposed to changes in the <span class=\"_ _0\"></span>value of the tr<span class=\"_ _0\"></span>ansferred as<span class=\"_ _0\"></span>set.\ue618e transferr<span class=\"_ _0\"></span>ed asset and the associate<span class=\"_ _0\"></span>d liability ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d on a basis that re\ue617ects the rig<span class=\"_ _0\"></span>hts and obligations that the en<span class=\"ws1\">-</span>tity has retaine<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e associated liability is me<span class=\"_ _0\"></span>asured in such a w<span class=\"_ _2\"></span>ay that the net carrying amount of the tr<span class=\"_ _0\"></span>ansferred asset and the associated lia<span class=\"_ _0\"></span>bility is the amortized cost of the rights and oblig<span class=\"_ _0\"></span>ations retained b<span class=\"_ _0\"></span>y the Group assuming the tr<span class=\"_ _2\"></span>ansferred asset is measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t.\ue618e Group de-recogniz<span class=\"_ _0\"></span>es a \ue615nancial liability <span class=\"_ _0\"></span>when its contra<span class=\"_ _0\"></span>ctual obligations are dischar<span class=\"_ _0\"></span>ged, cance<span class=\"_ _0\"></span>lled or e<span class=\"_ _0\"></span>xpired.<span class=\"_ _0\"></span> \ue618e Group also de-recogniz<span class=\"_ _0\"></span>es a \ue615nancial liability<span class=\"_ _0\"></span> when the terms are modi\ue615ed and the cash \ue617o<span class=\"_ _0\"></span>ws of the modi\ue615ed liability ar<span class=\"_ _0\"></span>e substantially di\ue614er<span class=\"_ _0\"></span>ent, in w<span class=\"_ _0\"></span>hich case a new \ue615nancial liability<span class=\"_ _0\"></span> based on modi\ue615ed terms is r<span class=\"_ _0\"></span>ecognized at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. On de-r<span class=\"_ _0\"></span>ec<span class=\"ws1\">-</span>ognition of the \ue615nancial liability<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the di\ue614erence betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _2\"></span>ation paid is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss.50.<span class=\"_ _2\"></span>12.3 Derivative \ue61fnancial instruments and hedge accounting\ue618e Group uses deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments primarily to manag<span class=\"_ _0\"></span>e its exposure to f<span class=\"_ _0\"></span>oreign currency risks and price changes in commodities arising fr<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, \ue615nancing and in<span class=\"_ _0\"></span>vestment activ<span class=\"_ _0\"></span>ities.\ue618e Group uses follow<span class=\"_ _0\"></span>ing types of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts used for hedging<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>wap contracts use<span class=\"_ _0\"></span>d for hedgin<span class=\"_ _0\"></span>g and other forw<span class=\"_ _0\"></span>ard e<span class=\"_ _0\"></span>xchange contr<span class=\"_ _2\"></span>acts and swap contr<span class=\"_ _2\"></span>acts.\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge the <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>ability in cash \ue617ows arisin<span class=\"_ _0\"></span>g from changes in f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>change r<span class=\"_ _2\"></span>ates relating to future sales.<span class=\"_ _2\"></span> \ue618e Group also uses metal s<span class=\"_ _0\"></span>wap agr<span class=\"_ _0\"></span>eements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposur<span class=\"_ _0\"></span>e to \ue617uctu<span class=\"ls1 ws1\">-</span>ations in commodity prices re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted purchases of aluminum.<span class=\"_ _0\"></span> \ue618e contr<span class=\"_ _2\"></span>acts are designated as cash \ue617ow hedg<span class=\"_ _0\"></span>es and are held for<span class=\"_ _0\"></span> the purpose of the receipt of commodities in accord<span class=\"_ _0\"></span>ance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected<span class=\"_ _0\"></span> usage of aluminum.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments th<span class=\"_ _0\"></span>at are not designate<span class=\"_ _0\"></span>d as cash \ue617ow hedges ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss. In accor<span class=\"_ _2\"></span>dance with its treasury policy<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup does not currently hold or<span class=\"_ _0\"></span> issue deriv<span class=\"_ _2\"></span>atives for tr<span class=\"_ _0\"></span>ading purposes.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e initially recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value on the date at w<span class=\"_ _0\"></span>hich a derivativ<span class=\"_ _0\"></span>e contract is enter<span class=\"_ _0\"></span>ed into (tr<span class=\"_ _0\"></span>ade date<span class=\"_ _0\"></span>) and are subsequently r<span class=\"_ _0\"></span>e-measure<span class=\"_ _0\"></span>d at their f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. In case cash \ue617o<span class=\"_ _0\"></span>w hedge or<span class=\"_ _0\"></span> net inv<span class=\"_ _0\"></span>estment hedge accounting is applied,<span class=\"_ _0\"></span> the e\ue614ective portion of any g<span class=\"_ _0\"></span>ain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rela<span class=\"_ _0\"></span>ted to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t and loss are recogniz<span class=\"_ _0\"></span>ed in the income statement.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: deriv<span class=\"_ _2\"></span>atives not formally designated as hedgin<span class=\"_ _0\"></span>g instruments and cash \ue617ow he<span class=\"_ _0\"></span>dging instruments.A. Hedging instruments\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contra<span class=\"_ _0\"></span>cts and sw<span class=\"_ _0\"></span>ap contra<span class=\"_ _0\"></span>cts, that ar<span class=\"_ _0\"></span>e formally designated as cash \ue617o<span class=\"_ _0\"></span>w hedging instr<span class=\"_ _0\"></span>u<span class=\"ws1\">-</span>ments, are s<span class=\"_ _0\"></span>ubsequently re-meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.Cash \ue617ow hedg<span class=\"_ _0\"></span>e accounting is applied to all hedg<span class=\"_ _0\"></span>es that qualify for<span class=\"_ _0\"></span> hedge accountin<span class=\"_ _0\"></span>g when require<span class=\"_ _0\"></span>d documentation of the hedging rel<span class=\"_ _0\"></span>ationship is in place and when the hedg<span class=\"_ _0\"></span>e is determined to be e\ue614ective<span class=\"_ _2\"></span>. When hedge accountin<span class=\"_ _0\"></span>g is applied, the e\ue614ective portion of any<span class=\"_ _0\"></span> gain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss.With r<span class=\"_ _0\"></span>egard to hedg<span class=\"_ _0\"></span>e accounting,<span class=\"_ _0\"></span> the Group applies the requir<span class=\"_ _0\"></span>ements of IFRS 9. <span class=\"_ _2\"></span>\ue618is standard requires the Gr<span class=\"_ _0\"></span>oup to en<span class=\"ws1\">-</span>sure that he<span class=\"_ _0\"></span>dge accounting re<span class=\"_ _0\"></span>lationships are aligned <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk manag<span class=\"_ _0\"></span>ement objectives and str<span class=\"_ _0\"></span>ategy and to apply a more qualitativ<span class=\"_ _0\"></span>e and forwar<span class=\"_ _0\"></span>d looking appro<span class=\"_ _0\"></span>ach to assessing hedg<span class=\"_ _0\"></span>e e\ue614ectiveness.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group uses forwar<span class=\"_ _2\"></span>d exchange contracts to he<span class=\"_ _0\"></span>dge the v<span class=\"_ _0\"></span>ariability in cash \ue617o<span class=\"_ _0\"></span>ws arising from chan<span class=\"_ _0\"></span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates r<span class=\"_ _0\"></span>elating to futur<span class=\"_ _0\"></span>e sales. <span class=\"_ _2\"></span>\ue618e Group currently design<span class=\"_ _0\"></span>ates only the change of the spot element of the forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contract as the hedgin<span class=\"_ _0\"></span>g instru<span class=\"ws1\">-</span>ment in cash \ue617ow hedging r<span class=\"_ _0\"></span>elationships.<span class=\"_ _0\"></span> Under IFR<span class=\"_ _0\"></span>S 9, the chang<span class=\"_ _0\"></span>e in the fair <span class=\"_ _0\"></span>value of the forw<span class=\"_ _2\"></span>ard element (\u2018f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d points\u2019) is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss and re\ue617ected in <span class=\"_ _0\"></span>\u2018Net \ue615nance costs.<span class=\"_ _1\"></span>\u2019\ue618e Group also uses metal sw<span class=\"_ _2\"></span>ap agreements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to \ue617uctu<span class=\"_ _0\"></span>ations in commodity prices rel<span class=\"_ _0\"></span>ated to highly prob<span class=\"_ _0\"></span>able forecasted pur<span class=\"_ _0\"></span>chases of aluminum.\ue618e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges and are he<span class=\"_ _0\"></span>ld for the purpose of the receipt of commodities in accor<span class=\"_ _2\"></span>dance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected usag<span class=\"_ _0\"></span>e of aluminum. Under<span class=\"_ _0\"></span> IFRS 9 as well as under<span class=\"_ _2\"></span> IAS 39, the amounts accumulated in the cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve are remo<span class=\"_ _0\"></span>ved fr<span class=\"_ _0\"></span>om OCI and included in the initial carrying amount of the inv<span class=\"_ _0\"></span>entory purchased.\ue618e types of hedge accountin<span class=\"_ _0\"></span>g transactions tha<span class=\"_ _0\"></span>t the Group currently design<span class=\"_ _0\"></span>ates meet the requirements of IFRS 9 and ar<span class=\"_ _0\"></span>e aligned with the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk management str<span class=\"_ _0\"></span>ategy and objectives.If the hedge no longer<span class=\"_ _2\"></span> meets the criteria for hedge a<span class=\"_ _0\"></span>ccounting or the hedgin<span class=\"_ _0\"></span>g instrument is sold, e<span class=\"_ _0\"></span>xpires, is termin<span class=\"_ _0\"></span>ated or exer<span class=\"_ _0\"></span>cised, then hedg<span class=\"_ _0\"></span>e accounting is discontinued prospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>When hedge accounting f<span class=\"_ _0\"></span>or cash \ue617ow<span class=\"_ _0\"></span> hedges is discontin<span class=\"ws1\">-</span>ued, the amount tha<span class=\"_ _0\"></span>t has been accumulated in hedg<span class=\"_ _0\"></span>e reserve rem<span class=\"_ _0\"></span>ains in other compre<span class=\"_ _0\"></span>hensive income until, for<span class=\"_ _2\"></span> a hedge of a transaction r<span class=\"_ _0\"></span>esulting in the recognition of a non-\ue615nancial item,<span class=\"_ _2\"></span> it is included in the non-\ue615nancial item<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s initial cost or for<span class=\"_ _2\"></span> other cash \ue617o<span class=\"_ _0\"></span>w hedges,<span class=\"_ _0\"></span> it is reclassi\ue615ed to pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s in the same period or periods as the hedg<span class=\"_ _0\"></span>ed expected f<span class=\"_ _0\"></span>uture cash \ue617ows a\ue614ect pr<span class=\"_ _0\"></span>o\ue615t or loss.If the hedged futur<span class=\"_ _0\"></span>e cash \ue617ows are no long<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xpected to occur<span class=\"_ _2\"></span>, then the amounts that ha<span class=\"_ _0\"></span>ve been accumulated in the he<span class=\"_ _0\"></span>dge reserve are immedi<span class=\"_ _0\"></span>ately reclas<span class=\"_ _0\"></span>si\ue615ed to pro\ue615t or<span class=\"_ _0\"></span> loss.B. Mandatory at FVTPLDeriva<span class=\"_ _0\"></span>tive \ue615nancial instruments <span class=\"_ _0\"></span>that are economic hedg<span class=\"_ _0\"></span>es but that do not meet the hedge a<span class=\"_ _0\"></span>ccounting criteria of IFRS 9 are categorize<span class=\"_ _0\"></span>d as Mandatory at FVTPL<span class=\"_ _0\"></span> and are accounted f<span class=\"_ _0\"></span>or as \ue615nancial as<span class=\"_ _0\"></span>sets or liabilities a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss. \ue618e impact in pro\ue615t or<span class=\"_ _2\"></span> loss is re\ue617ected in either <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> operating income/<span class=\"_ _1\"></span>expense\u2019 or<span class=\"_ _2\"></span> \u2018Net \ue615nance costs<span class=\"_ _0\"></span>\u2019 depending on the nature of the item economically hedg<span class=\"_ _0\"></span>ed.50.<span class=\"_ _2\"></span>13 Impairment50.<span class=\"_ _2\"></span>13.1 Impairment testing of goodwill, intangible assets and property<span class=\"_ _2\"></span>, plant and equipment Goodwill and intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives ar<span class=\"_ _0\"></span>e tested for<span class=\"_ _0\"></span> impairment at le<span class=\"_ _0\"></span>ast annually and upon the occur<span class=\"_ _0\"></span><span class=\"ws1\">-</span>rence of an indication of impairment.\ue618e impairment tests are perf<span class=\"_ _0\"></span>ormed annually at the same time e<span class=\"_ _0\"></span>ach ye<span class=\"_ _0\"></span>ar and at the cash-g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit level.\ue618e Group de\ue615nes its cash-gener<span class=\"_ _2\"></span>ating units based on the w<span class=\"_ _0\"></span>ay that it monitors its g<span class=\"_ _0\"></span>oodwill and will deriv<span class=\"_ _0\"></span>e economic bene\ue615t from the acquire<span class=\"_ _0\"></span>d goodwill and intangibles.\ue618e impairment tests are perf<span class=\"_ _0\"></span>ormed by comparin<span class=\"_ _0\"></span>g the carrying v<span class=\"_ _0\"></span>alue of the assets of these cash-genera<span class=\"_ _0\"></span>ting units with their<span class=\"_ _0\"></span> recov<span class=\"_ _0\"></span>erable amount,<span class=\"_ _0\"></span> based on their<span class=\"_ _0\"></span> future pr<span class=\"_ _0\"></span>ojected cash \ue617ows discounted at an appr<span class=\"_ _0\"></span>opriate pre-tax r<span class=\"_ _2\"></span>ate of return.\ue618e discount rate use<span class=\"_ _0\"></span>d in calculating the present v<span class=\"_ _2\"></span>alue of the estimated future cash \ue617ow<span class=\"_ _0\"></span>s is based on a weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC), using a debt-equity<span class=\"_ _0\"></span> ratio of an av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e market p<span class=\"_ _0\"></span>articipant. <span class=\"_ _0\"></span>An additional risk pr<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>mium w<span class=\"_ _0\"></span>as added to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on conditions on which comp<span class=\"_ _0\"></span>arable comp<span class=\"_ _0\"></span>anies can obtain long-term \ue615nancing<span class=\"_ _0\"></span>.\ue618e forecasting risk<span class=\"_ _0\"></span> relate<span class=\"_ _0\"></span>d to silver<span class=\"_ _0\"></span> and aluminum is re\ue617ected in the cash \ue617ow pr<span class=\"_ _0\"></span>ojections.An impairment loss is recogniz<span class=\"_ _0\"></span>ed whenev<span class=\"_ _0\"></span>er the carrying amount of the cash-gener<span class=\"_ _2\"></span>ating unit exceeds its reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able amount. Impairment los<span class=\"_ _0\"></span>ses are recognize<span class=\"_ _0\"></span>d in pro\ue615t or<span class=\"_ _0\"></span> loss.Considera<span class=\"_ _0\"></span>tion is given at ea<span class=\"_ _0\"></span>ch reporting date to determine <span class=\"_ _0\"></span>whether ther<span class=\"_ _0\"></span>e is any indication of impairment of the carrying amounts of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s property<span class=\"_ _2\"></span>, plant and equipment and intan<span class=\"_ _0\"></span>gible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es.If any such indication e<span class=\"_ _0\"></span>xists, the asset<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able amount is estimated.<span class=\"_ _0\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognized w<span class=\"_ _0\"></span>henever the carrying amount of an asset excee<span class=\"_ _0\"></span>ds its recover<span class=\"_ _2\"></span>able amount. Impairment losses are r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss and the carrying amount of relate<span class=\"_ _0\"></span>d asset is reduced thr<span class=\"_ _0\"></span>ough use of an allow<span class=\"_ _0\"></span>ance account.\ue618e recov<span class=\"_ _0\"></span>erable amount of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment and intangible assets <span class=\"_ _0\"></span>with \ue615nite useful lives is the grea<span class=\"_ _0\"></span>ter of the fair<span class=\"_ _2\"></span> value less costs to sell and v<span class=\"_ _2\"></span>alue in use. In asses<span class=\"_ _0\"></span>sing v<span class=\"_ _0\"></span>alue in use,<span class=\"_ _2\"></span> the estimated future cash \ue617ows ar<span class=\"_ _0\"></span>e dis<span class=\"ws1\">-</span>counted to their pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue using a pre-tax discount r<span class=\"_ _0\"></span>ate that re\ue617ects curr<span class=\"_ _0\"></span>ent market asses<span class=\"_ _0\"></span>sments of the time value of money and the risks speci\ue615c to the asset.An impairment loss recogniz<span class=\"_ _0\"></span>ed in prior periods f<span class=\"_ _0\"></span>or an asset other<span class=\"_ _2\"></span> than goodwill shall be reverse<span class=\"_ _0\"></span>d if,<span class=\"_ _0\"></span> and only if,<span class=\"_ _2\"></span> there has been a change in the es<span class=\"_ _0\"></span>timates used to determine the asset\u2019<span class=\"_ _1\"></span>s recover<span class=\"_ _0\"></span>able amount since the last impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.50.<span class=\"_ _2\"></span>13.2 Impairment testing for right-of-use assetsAt ea<span class=\"_ _0\"></span>ch reporting date<span class=\"_ _2\"></span>, the Group review<span class=\"_ _0\"></span>s the carrying amounts of its right-of-use assets to determine whether<span class=\"_ _0\"></span> there is an<span class=\"_ _0\"></span>y indication of impairment. Indica<span class=\"_ _0\"></span>tion of impairment exists when a le<span class=\"_ _2\"></span>ase concluded as a lessee becomes onerous in which case an impairment loss is recogniz<span class=\"_ _0\"></span>ed, me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>t the present v<span class=\"_ _0\"></span>alue of the lower<span class=\"_ _0\"></span> of the expected cost of terminatin<span class=\"_ _0\"></span>g the contract and the e<span class=\"_ _0\"></span>xpected net cost of continuing with the contr<span class=\"_ _2\"></span>act.An impairment loss is rev<span class=\"_ _0\"></span>ersed only to the extent tha<span class=\"_ _0\"></span>t the asset\u2019<span class=\"_ _2\"></span>s carrying amount does not e<span class=\"_ _0\"></span>xceed the carrying amount that would h<span class=\"_ _0\"></span>ave been determined,<span class=\"_ _0\"></span> net of depreciation,<span class=\"_ _0\"></span> if no impairment loss had been r<span class=\"_ _0\"></span>ecognized.50.<span class=\"_ _2\"></span>13.3 Impairment of \ue61fnancial assets and contract assets\ue618e IFRS 9 standar<span class=\"_ _0\"></span>d replaces the <span class=\"_ _0\"></span>\u2018Incurred loss<span class=\"_ _2\"></span>\u2019 model with a forw<span class=\"_ _0\"></span>ard-looking <span class=\"_ _0\"></span>\u2018Expected cre<span class=\"_ _0\"></span>dit loss\u2019<span class=\"_ _2\"></span> (ECL) model. <span class=\"_ _2\"></span>\ue618is requires consider<span class=\"_ _2\"></span>able judgment about how changes in economic f<span class=\"_ _0\"></span>actors a\ue614ect expected cr<span class=\"_ _0\"></span>edit losses. <span class=\"_ _0\"></span>With r<span class=\"_ _0\"></span>egard to im<span class=\"ws1\">-</span>pairment of tra<span class=\"_ _0\"></span>de receiv<span class=\"_ _0\"></span>ables, le<span class=\"_ _0\"></span>ase receiv<span class=\"_ _0\"></span>ables and contra<span class=\"_ _0\"></span>ct assets, the Gr<span class=\"_ _0\"></span>oup applies the simpli\ue615ed approach f<span class=\"_ _0\"></span>or the im<span class=\"ws1\">-</span>pairment ev<span class=\"_ _0\"></span>aluation, <span class=\"_ _0\"></span>which implies that cre<span class=\"_ _0\"></span>dit losses for these ca<span class=\"_ _0\"></span>tegories of assets are alw<span class=\"_ _2\"></span>ays measured a<span class=\"_ _0\"></span>t an amount equal to lifetime expected cr<span class=\"_ _0\"></span>edit losses. Cr<span class=\"_ _0\"></span>edit losses are me<span class=\"_ _0\"></span>asured as the pr<span class=\"_ _0\"></span>esent value of all cash shortf<span class=\"_ _0\"></span>alls \u2013 i.e<span class=\"_ _2\"></span>. the di\ue614erence between the cash \ue617ow<span class=\"_ _0\"></span>s to which the entity is entitled to and w<span class=\"_ _0\"></span>hat the entity e<span class=\"_ _0\"></span>xpects to receive<span class=\"_ _2\"></span>. A \ue615nancial asset is cr<span class=\"_ _0\"></span>edit impaired <span class=\"_ _0\"></span>when one or mor<span class=\"_ _0\"></span>e events that ha<span class=\"_ _0\"></span>ve a detrimental impact on the es<span class=\"_ _0\"></span>timated future cash \ue617o<span class=\"_ _0\"></span>ws of the \ue615nancial asset have occurr<span class=\"_ _0\"></span>ed.\ue618e inputs and assumptions to the expected cr<span class=\"_ _0\"></span>edit loss model ar<span class=\"_ _0\"></span>e the following: signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancial di\ue616culty of the coun<span class=\"ws1\">-</span>terparty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> a default of more than 90 da<span class=\"_ _0\"></span>ys past due<span class=\"_ _2\"></span>, or a possible b<span class=\"_ _0\"></span>ankruptcy of the counterparty<span class=\"_ _2\"></span>.\ue618e evalu<span class=\"_ _0\"></span>ation of possible impairment takes into a<span class=\"_ _0\"></span>ccount forwar<span class=\"_ _0\"></span>d-looking elements. F<span class=\"_ _2\"></span>or the major<span class=\"_ _0\"></span> portion of the accounts receiv<span class=\"_ _0\"></span>able balances,<span class=\"_ _0\"></span> debtors are scor<span class=\"_ _0\"></span>ed and rate<span class=\"_ _0\"></span>d based on quantitativ<span class=\"_ _0\"></span>e and qualitative inform<span class=\"_ _0\"></span>ation on an ongoing b<span class=\"_ _0\"></span>asis through Cre<span class=\"_ _0\"></span>dit Risk Application in pla<span class=\"_ _0\"></span>ce.<span class=\"_ _2\"></span> All customers are classi\ue615ed into di\ue614er<span class=\"_ _0\"></span>ent risk categories w<span class=\"_ _0\"></span>hich are re<span class=\"_ _0\"></span>assessed on a ye<span class=\"_ _0\"></span>arly basis based on r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant forwar<span class=\"_ _0\"></span>d-looking information such as d<span class=\"_ _0\"></span>ata from extern<span class=\"_ _0\"></span>al credit bure<span class=\"_ _0\"></span>aus, ag<span class=\"_ _0\"></span>e of business, country risk and the credit man<span class=\"_ _0\"></span>ager\u2019<span class=\"_ _2\"></span>s assessment.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>o mitigate the cr<span class=\"_ _0\"></span>edit risk, cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance and other risk mitig<span class=\"_ _0\"></span>ation tools such as letter of cr<span class=\"_ _0\"></span>edit, bank<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antees, mortgag<span class=\"_ _0\"></span>e are used within the Gr<span class=\"_ _0\"></span>oup.\ue618is methodology of individually rev<span class=\"_ _0\"></span>iewing outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able amounts taking into account forw<span class=\"_ _0\"></span>ard-looking infor<span class=\"_ _0\"></span><span class=\"ws1\">-</span>mation to assess imp<span class=\"_ _0\"></span>airment risks hasn<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>t been changed due to the application of IFRS 9.Loss allow<span class=\"_ _0\"></span>ances for \ue615n<span class=\"_ _0\"></span>ancial assets meas<span class=\"_ _0\"></span>ured at amortize<span class=\"_ _0\"></span>d cost are charg<span class=\"_ _0\"></span>ed to pro\ue615t or<span class=\"_ _0\"></span> loss and deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets to obtain a net presentation in the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _2\"></span>OCI, the loss allow<span class=\"_ _0\"></span>ance is charged to pr<span class=\"_ _0\"></span>o\ue615t or loss and is r<span class=\"_ _0\"></span>ecognized in OCI.\ue618e gross carrying amount of a \ue615nancial as<span class=\"_ _0\"></span>set is written o\ue614 when the Group has no r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectations of recov<span class=\"_ _0\"></span>ering a \ue615nancial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group individu<span class=\"_ _0\"></span>ally makes an asses<span class=\"_ _0\"></span>sment for e<span class=\"_ _2\"></span>ach type of \ue615nancial asset based on w<span class=\"_ _0\"></span>hether there is a r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectation of recov<span class=\"_ _0\"></span>ery<span class=\"_ _2\"></span>. Financial assets tha<span class=\"_ _0\"></span>t are written o\ue614 are still s<span class=\"_ _0\"></span>ubject to enforcement activ<span class=\"_ _0\"></span>ities of the Group for r<span class=\"_ _0\"></span>ecovery of amounts due<span class=\"_ _0\"></span>.50.<span class=\"_ _2\"></span>14 LeasesAt inception of a contra<span class=\"_ _0\"></span>ct, the Group asses<span class=\"_ _0\"></span>ses whether<span class=\"_ _0\"></span> a contract is,<span class=\"_ _0\"></span> or contains,<span class=\"_ _0\"></span> a lease<span class=\"_ _2\"></span>. A contr<span class=\"_ _0\"></span>act is, or<span class=\"_ _0\"></span> contains, a le<span class=\"_ _0\"></span>ase if the contract con<span class=\"_ _0\"></span>veys the right to contr<span class=\"_ _0\"></span>ol the use of an identi\ue615ed asset for<span class=\"_ _0\"></span> a period of time in exchang<span class=\"_ _0\"></span>e for consider<span class=\"_ _2\"></span>ation. T<span class=\"_ _2\"></span>o assess <span class=\"_ _0\"></span>whether a contr<span class=\"_ _2\"></span>act conveys the right to control the use of an identi\ue615ed as<span class=\"_ _0\"></span>set, the Group uses the de\ue615nition of a lease in IFRS 16<span class=\"_ _0\"></span>.A. As a lesseeAt commencement or<span class=\"_ _0\"></span> on modi\ue615cation of a contract tha<span class=\"_ _0\"></span>t contains a lease component,<span class=\"_ _0\"></span> the Group allocates the consider<span class=\"_ _0\"></span>ation in the contract to e<span class=\"_ _2\"></span>ach lease component on the basis of its relativ<span class=\"_ _0\"></span>e stand-alone prices. <span class=\"_ _2\"></span>\ue618e Group has elected not to separ<span class=\"_ _0\"></span>ate non-lease components and account for<span class=\"_ _2\"></span> the lease and non-lease components as a single le<span class=\"_ _0\"></span>ase component.\ue618e Group recogniz<span class=\"_ _0\"></span>es a right-of-use asset and a lease lia<span class=\"_ _0\"></span>bility at the le<span class=\"_ _0\"></span>ase commencement date<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e right-of-use asset is ini<span class=\"ws1\">-</span>tially meas<span class=\"_ _0\"></span>ured at cost,<span class=\"_ _0\"></span> which comprises the initial amount of the le<span class=\"_ _0\"></span>ase liability adjuste<span class=\"_ _0\"></span>d for an<span class=\"_ _0\"></span>y lease p<span class=\"_ _0\"></span>ayments made a<span class=\"_ _0\"></span>t or before the commencement date<span class=\"_ _2\"></span>, plus any initial dir<span class=\"_ _0\"></span>ect costs incurred and an estim<span class=\"_ _0\"></span>ate of costs to dismantle and remov<span class=\"_ _0\"></span>e the underlying asset or<span class=\"_ _2\"></span> to restore the underlying asset or<span class=\"_ _2\"></span> the site on which it is located, less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _0\"></span>es received.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e right-of-use asset is subsequently depr<span class=\"_ _0\"></span>eciated using the str<span class=\"_ _2\"></span>aight-line method from the commencement date to the end of the lease term,<span class=\"_ _0\"></span> unless the lease tr<span class=\"_ _0\"></span>ansfers ownership of the underly<span class=\"_ _0\"></span>ing asset to the Group by<span class=\"_ _0\"></span> the end of the lease term or the cost of the right-of-use asset re\ue617ects tha<span class=\"_ _0\"></span>t the Group will e<span class=\"_ _0\"></span>xercise a pur<span class=\"_ _0\"></span>chase option. In that case the rig<span class=\"_ _0\"></span>ht-of-use asset will be depreciated o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the useful life of the underlying asset,<span class=\"_ _0\"></span> which is determined on the same b<span class=\"_ _0\"></span>asis as those of property and equipment. In addition,<span class=\"_ _0\"></span> the right-of-use asset is periodically re<span class=\"_ _0\"></span>duced by imp<span class=\"_ _0\"></span>airment losses, if any<span class=\"_ _1\"></span>, and adjusted for<span class=\"_ _0\"></span> certain remeas<span class=\"_ _0\"></span>urements of the lease lia<span class=\"_ _0\"></span>bility<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e lease liability is initially me<span class=\"_ _2\"></span>asured at the present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> the lease p<span class=\"_ _0\"></span>ayments that are not paid at the commencement d<span class=\"_ _0\"></span>ate,<span class=\"_ _2\"></span> discounted using the interest rate implicit in the le<span class=\"_ _2\"></span>ase or,<span class=\"_ _0\"></span> if that r<span class=\"_ _0\"></span>ate cannot be rea<span class=\"_ _0\"></span>dily determined, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s incremental borrowin<span class=\"_ _0\"></span>g rate<span class=\"_ _2\"></span>. Generally<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the Group uses its incremental borro<span class=\"_ _0\"></span>wing r<span class=\"_ _0\"></span>ate as the discount rate<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618e Group determines its incremental borro<span class=\"_ _0\"></span>wing r<span class=\"_ _0\"></span>ate (IBR) twice a <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> based on the government bond yields per<span class=\"_ _0\"></span> country and per ma<span class=\"_ _0\"></span>turity bucket obtained fr<span class=\"_ _0\"></span>om Reuters and adds a risk pr<span class=\"_ _0\"></span>emium re\ue617ecting the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk pr<span class=\"_ _0\"></span>o<span class=\"ws1\">-</span>\ue615le.<span class=\"_ _2\"></span> \ue618e latter<span class=\"_ _0\"></span> risk premium di\ue614ers fr<span class=\"_ _0\"></span>om the country risk classi\ue615ed accor<span class=\"_ _2\"></span>ding to the Organization of Economic Cooperation and Development (OE<span class=\"_ _0\"></span>CD). Depending on the low<span class=\"_ _1\"></span>, medium or high risk<span class=\"_ _0\"></span> of the country a di\ue614erent sprea<span class=\"_ _0\"></span>d is added. <span class=\"_ _0\"></span>As such a IBR-matrix is obtained r<span class=\"_ _0\"></span>e\ue617ecting six maturity buck<span class=\"_ _2\"></span>ets and 50 countries.Lease pa<span class=\"_ _0\"></span>yments included in the measur<span class=\"_ _0\"></span>ement of the lease liabilit<span class=\"_ _0\"></span>y comprise in the followin<span class=\"_ _0\"></span>g: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue615xed pa<span class=\"_ _0\"></span>yments, including in-s<span class=\"_ _0\"></span>ubstance \ue615xed p<span class=\"_ _0\"></span>ayments;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws88\">vari<span class=\"_ _0\"></span>able lease pa<span class=\"_ _0\"></span>yments that depend on an inde<span class=\"_ _0\"></span>x or a r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, initially me<span class=\"_ _0\"></span>asured usin<span class=\"_ _0\"></span>g the index or r<span class=\"_ _2\"></span>ate as at the commence<span class=\"ws1\">-</span></span></span>ment date; and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws33\">the exer<span class=\"_ _0\"></span>cise price under a purch<span class=\"_ _0\"></span>ase option that the Group is r<span class=\"_ _0\"></span>easonably certain to e<span class=\"_ _0\"></span>xercise<span class=\"_ _2\"></span>, lease pa<span class=\"_ _0\"></span>yments in an optional </span></span>renew<span class=\"_ _0\"></span>al period if the Group is re<span class=\"_ _0\"></span>asonably certain to ex<span class=\"_ _0\"></span>ercise an extension option,<span class=\"_ _0\"></span> and penalties for<span class=\"_ _0\"></span> early termina<span class=\"_ _0\"></span>tion of a lease unless the Gr<span class=\"_ _0\"></span>oup is reasona<span class=\"_ _0\"></span>bly certain not to terminate e<span class=\"_ _0\"></span>arly<span class=\"_ _2\"></span>.\ue618ere are no le<span class=\"_ _0\"></span>ases for <span class=\"_ _0\"></span>which it is expected tha<span class=\"_ _0\"></span>t the Group would need to p<span class=\"_ _0\"></span>ay a residu<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alue guarantee<span class=\"_ _2\"></span>.\ue618e lease liabilit<span class=\"_ _0\"></span>y is measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t using the e\ue614ective interes<span class=\"_ _0\"></span>t method. It is re-me<span class=\"_ _0\"></span>asured <span class=\"_ _0\"></span>when there is a change in futur<span class=\"_ _0\"></span>e lease pa<span class=\"_ _0\"></span>yments arising from a ch<span class=\"_ _0\"></span>ange in an index or<span class=\"_ _2\"></span> rate if the Group changes its as<span class=\"_ _0\"></span>sessment of whether it will ex<span class=\"_ _0\"></span>ercise a purch<span class=\"_ _0\"></span>ase,<span class=\"_ _0\"></span> extension or<span class=\"_ _0\"></span> termination option or<span class=\"_ _0\"></span> if there is a revise<span class=\"_ _0\"></span>d in-substance \ue615xed le<span class=\"_ _0\"></span>ase pay<span class=\"_ _0\"></span>ment. When the lease liabilit<span class=\"_ _0\"></span>y is re-meas<span class=\"_ _0\"></span>ured in this w<span class=\"_ _2\"></span>ay<span class=\"_ _2\"></span>, a corresponding adjustment is m<span class=\"_ _0\"></span>ade to the carrying amount of the right-of-use asset, or<span class=\"_ _2\"></span> is recorded in pro\ue615t or<span class=\"_ _0\"></span> loss if the carrying amount of the right-of-use asset has been re<span class=\"_ _0\"></span>duced to zero<span class=\"_ _2\"></span>.\ue618e Group has elected not to r<span class=\"_ _0\"></span>ecognize right-of-use assets and le<span class=\"_ _0\"></span>ase liabilities for<span class=\"_ _0\"></span> leases of low<span class=\"_ _2\"></span>-value assets (mainly re<span class=\"_ _0\"></span>lated to IT<span class=\"_ _0\"></span> equipment) and short-term leases.<span class=\"_ _0\"></span> Short-term leases ar<span class=\"_ _0\"></span>e leases with a le<span class=\"_ _2\"></span>ase term of<span class=\"_ _22\"></span> twelv<span class=\"_ _0\"></span>e months or less.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group recognizes the le<span class=\"_ _0\"></span>ase payments as<span class=\"_ _0\"></span>sociated w<span class=\"_ _0\"></span>ith these leases as an expense on a str<span class=\"_ _2\"></span>aight-line basis over<span class=\"_ _0\"></span> the lease term.On the statement of \ue615nancial position right-of-use assets ar<span class=\"_ _0\"></span>e presented separ<span class=\"_ _2\"></span>ately where<span class=\"_ _0\"></span>as lease liabilities ar<span class=\"_ _0\"></span>e comprised in \u2018Loans and borr<span class=\"_ _0\"></span>owings.<span class=\"_ _b3\"></span>\u2019 All lease pa<span class=\"_ _0\"></span>yments that are due <span class=\"_ _0\"></span>within 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as current liabilities.<span class=\"_ _0\"></span> All lease p<span class=\"_ _0\"></span>ayments tha<span class=\"_ _0\"></span>t are due later<span class=\"_ _0\"></span> than 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as non-cur<span class=\"_ _2\"></span><span class=\"ws1\">-</span>rent liabilities.B. As a lessorWhen the Group acts as a lessor<span class=\"_ _2\"></span>, it determines at le<span class=\"_ _0\"></span>ase inception whether<span class=\"_ _0\"></span> each le<span class=\"_ _0\"></span>ase is a \ue615nance lease or<span class=\"_ _2\"></span> an operating lease<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>o classify e<span class=\"_ _2\"></span>ach lease,<span class=\"_ _0\"></span> the Group mak<span class=\"_ _0\"></span>es an over<span class=\"_ _2\"></span>all assessment of whether the lease tr<span class=\"_ _2\"></span>ansfers substantially all of the risks and rew<span class=\"_ _0\"></span>ards incidental to ow<span class=\"_ _0\"></span>nership of the underlying asset.<span class=\"_ _0\"></span> If this is the case,<span class=\"_ _0\"></span> then the lease is a \ue615nance le<span class=\"_ _0\"></span>ase; if not, then it is an operatin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>As part of this assessment, the Gr<span class=\"_ _0\"></span>oup considers certain indicators such as whether<span class=\"_ _2\"></span> the lease is for the major<span class=\"_ _0\"></span> part of the economic life of the asset.\ue618e majority of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \ue615nance le<span class=\"_ _0\"></span>ase arrang<span class=\"_ _0\"></span>ements are concluded by<span class=\"_ _0\"></span> Agfa Finance<span class=\"_ _2\"></span>, i.e<span class=\"_ _2\"></span>. Agfa Finance NV<span class=\"_ _0\"></span> or its subsid<span class=\"ws1\">-</span>iaries Agf<span class=\"_ _0\"></span>a Finance Corp.<span class=\"_ _2\"></span> and Agfa Finance Inc.On manufacturing le<span class=\"_ _2\"></span>ases, the Group recognizes r<span class=\"_ _0\"></span>evenue and rela<span class=\"_ _0\"></span>ted pro\ue615t margin a<span class=\"_ _0\"></span>t the moment a Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s manufacturing organization or<span class=\"_ _0\"></span> any r<span class=\"_ _0\"></span>elated comp<span class=\"_ _0\"></span>any in<span class=\"_ _0\"></span>voices Agf<span class=\"_ _0\"></span>a Finance at commencement of the lease w<span class=\"_ _0\"></span>ith the external customer<span class=\"_ _2\"></span>.A commercial contr<span class=\"_ _2\"></span>act whereby a certain piece of equipment is \ue615nance<span class=\"_ _0\"></span>d by means of a medium or<span class=\"_ _2\"></span> long-term agreement under w<span class=\"_ _0\"></span>hich the customer commits to pur<span class=\"_ _0\"></span>chase a certain level of consuma<span class=\"_ _0\"></span>bles at a mark<span class=\"_ _2\"></span>-up price is called a \u2018bundle deal.<span class=\"_ _1\"></span>\u2019 At ea<span class=\"_ _0\"></span>ch sale of consumables, the Gr<span class=\"_ _0\"></span>oup allocates the considera<span class=\"_ _0\"></span>tion received fr<span class=\"_ _0\"></span>om this sale to a reduction of the outstanding lease receiv<span class=\"_ _2\"></span>able and revenue from sale of goods on the b<span class=\"_ _0\"></span>asis of their stand-alone sellin<span class=\"_ _0\"></span>g prices.Receiv<span class=\"_ _0\"></span>ables under \ue615nance le<span class=\"_ _2\"></span>ases are measured at an amount equ<span class=\"_ _0\"></span>al to the discounted future minimum le<span class=\"_ _0\"></span>ase payments.<span class=\"_ _0\"></span> Finance lease income \u2013 pr<span class=\"_ _0\"></span>esented as part of \u2018<span class=\"_ _0\"></span>Other oper<span class=\"_ _0\"></span>ating income<span class=\"_ _2\"></span>\u2019 \u2013 is subsequently recognized b<span class=\"_ _0\"></span>ased on a pattern r<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>\ue617ecting constant periodic r<span class=\"_ _0\"></span>ate of return on the net inv<span class=\"_ _0\"></span>estment using the e\ue614ective inter<span class=\"_ _0\"></span>est method.On the statement of \ue615nancial position receiv<span class=\"_ _2\"></span>ables under \ue615nance le<span class=\"_ _0\"></span>ases are presented sep<span class=\"_ _0\"></span>arately<span class=\"_ _1\"></span>. All lease receiv<span class=\"_ _2\"></span>ables that are due within 12 months af<span class=\"_ _0\"></span>ter the bal<span class=\"_ _0\"></span>ance sheet date are clas<span class=\"_ _0\"></span>si\ue615ed as current assets.<span class=\"_ _0\"></span> All lease r<span class=\"_ _0\"></span>eceivables th<span class=\"_ _0\"></span>at are due later<span class=\"_ _2\"></span> than 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as non-current as<span class=\"_ _0\"></span>sets.\ue618e Group applies the de-recognition and imp<span class=\"_ _0\"></span>airment requirements in IFRS 9 to the net in<span class=\"_ _0\"></span>vestment in the le<span class=\"_ _0\"></span>ase.\ue618e Group recogniz<span class=\"_ _0\"></span>es lease pa<span class=\"_ _0\"></span>yments receive<span class=\"_ _0\"></span>d under oper<span class=\"_ _0\"></span>ating leases as R<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>, on a str<span class=\"_ _2\"></span>aight line basis over<span class=\"_ _0\"></span> the lease term. 50.<span class=\"_ _2\"></span>15 Other assetsOther assets comprise def<span class=\"_ _0\"></span>erred charg<span class=\"_ _0\"></span>es and other non-\ue615nanci<span class=\"_ _0\"></span>al assets. Deferr<span class=\"_ _0\"></span>ed charges r<span class=\"_ _0\"></span>elate to pa<span class=\"_ _0\"></span>yments made by<span class=\"_ _0\"></span> the Compan<span class=\"_ _0\"></span>y before the bal<span class=\"_ _0\"></span>ance sheet date in respect of the expenses of futur<span class=\"_ _0\"></span>e periods (prepa<span class=\"_ _0\"></span>yments). E<span class=\"_ _0\"></span>xamples of deferred charges ar<span class=\"_ _0\"></span>e payments of rent,<span class=\"_ _2\"></span> interests and insurance premiums th<span class=\"_ _0\"></span>at were m<span class=\"_ _0\"></span>ade before the b<span class=\"_ _0\"></span>alance sheet date but rel<span class=\"_ _0\"></span>ate to a speci\ue615c period after the b<span class=\"_ _0\"></span>alance sheet date<span class=\"_ _2\"></span>.Non-\ue615nancial assets ar<span class=\"_ _0\"></span>e carried at cost. Def<span class=\"_ _0\"></span>erred charg<span class=\"_ _0\"></span>es are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss by the str<span class=\"_ _2\"></span>aight-line method or ac<span class=\"ws1\">-</span>cording to perform<span class=\"_ _0\"></span>ance of the services received.50.<span class=\"_ _2\"></span>16 InventoriesRaw materi<span class=\"_ _0\"></span>als, supplies and goods pur<span class=\"_ _0\"></span>chased for<span class=\"_ _0\"></span> resale are <span class=\"_ _0\"></span>valued a<span class=\"_ _0\"></span>t purchase cost.W<span class=\"_ _2\"></span>ork in progress and \ue615nishe<span class=\"_ _0\"></span>d goods are v<span class=\"_ _2\"></span>alued at the cost of production. <span class=\"_ _2\"></span>\ue618e cost of production comprises the direct cost of materials, dir<span class=\"_ _0\"></span>ect manufacturing e<span class=\"_ _0\"></span>xpenses, appr<span class=\"_ _0\"></span>opriate allocations of material and manuf<span class=\"_ _0\"></span>acturing ov<span class=\"_ _0\"></span>erheads,<span class=\"_ _0\"></span> and an appropriate shar<span class=\"_ _0\"></span>e of the depreciation of assets used for<span class=\"_ _2\"></span> production. It includes the share of expenses f<span class=\"_ _0\"></span>or compan<span class=\"_ _2\"></span>y pension plans and discretionary employ<span class=\"_ _0\"></span>ee bene\ue615ts that are attributa<span class=\"_ _0\"></span>ble to production. <span class=\"_ _0\"></span>Administra<span class=\"_ _0\"></span>tive costs are included <span class=\"_ _0\"></span>where they are attributable to pr<span class=\"_ _0\"></span>oduction. In<span class=\"_ _0\"></span>ventories are v<span class=\"_ _2\"></span>alued using the weighted-av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e cost method.If the purchase or<span class=\"_ _0\"></span> production cost is higher<span class=\"_ _0\"></span> than the net re<span class=\"_ _0\"></span>alizable v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> inventories are written do<span class=\"_ _0\"></span>wn to net realiza<span class=\"_ _0\"></span>ble v<span class=\"_ _0\"></span>al<span class=\"ws1\">-</span>ue.<span class=\"_ _2\"></span> Net realizable v<span class=\"_ _2\"></span>alue is the estimated selling price in the ordinary course of business,<span class=\"_ _2\"></span> less the estimated costs necessary to make the sale<span class=\"_ _2\"></span>. \ue618e cos<span class=\"_ _0\"></span>t of inventories ma<span class=\"_ _0\"></span>y not be recov<span class=\"_ _0\"></span>erable in the f<span class=\"_ _0\"></span>ollowing situa<span class=\"_ _0\"></span>tions: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws23\">obsolete inventory: this is determine<span class=\"_ _0\"></span>d based on a list of non-mov<span class=\"_ _0\"></span>ing or slo<span class=\"_ _0\"></span>w-mov<span class=\"_ _0\"></span>ing inv<span class=\"_ _0\"></span>entory-items, including items </span></span>approxima<span class=\"_ _0\"></span>ting the expiry date; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">damaged or<span class=\"_ _2\"></span> expired inv<span class=\"_ _0\"></span>entory items or products sho<span class=\"_ _0\"></span>wing quality pr<span class=\"_ _0\"></span>oblems;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">declining selling prices.</span></span>Within the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _0\"></span> write-downs of in<span class=\"_ _0\"></span>ventories mainly r<span class=\"_ _0\"></span>esult from obsolescence<span class=\"_ _0\"></span>.50.<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7 Cash and cash equivalentsCash and cash equiv<span class=\"_ _0\"></span>alents comprise cash, checks r<span class=\"_ _0\"></span>eceived,<span class=\"_ _0\"></span> and balances with b<span class=\"_ _0\"></span>anks and companies.<span class=\"_ _0\"></span> Cash equiv<span class=\"_ _0\"></span>alents are highly liquid short-term \ue615nancial in<span class=\"_ _0\"></span>vestments that ar<span class=\"_ _0\"></span>e subject to an insigni\ue615cant risk of chang<span class=\"_ _0\"></span>es in v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> are easily conv<span class=\"_ _0\"></span>ert<span class=\"ls1 ws1\">-</span>ible into a known amount of cash and hav<span class=\"_ _0\"></span>e a maturity of three months or<span class=\"_ _2\"></span> less from the date of acquisition or in<span class=\"_ _2\"></span>vestment.50.<span class=\"_ _2\"></span>18 Share capitalOrdinary shar<span class=\"_ _0\"></span>es are classi\ue615ed as equity<span class=\"_ _1\"></span>. Incremental costs directly attributa<span class=\"_ _0\"></span>ble to the issue of ordinary shar<span class=\"_ _0\"></span>es, net of any<span class=\"_ _0\"></span> tax e\ue614ects, ar<span class=\"_ _0\"></span>e recognized as a deduction fr<span class=\"_ _0\"></span>om retained e<span class=\"_ _0\"></span>arnings.When share capital recogniz<span class=\"_ _0\"></span>ed as equity is repur<span class=\"_ _0\"></span>chased,<span class=\"_ _0\"></span> the amount of the consideration paid,<span class=\"_ _2\"></span> including directly attrib<span class=\"ws1\">-</span>utable costs, net of an<span class=\"_ _0\"></span>y tax e\ue614ects, is r<span class=\"_ _0\"></span>ecognized as a deduction fr<span class=\"_ _0\"></span>om equity<span class=\"_ _2\"></span>. Repur<span class=\"_ _0\"></span>chased shares ar<span class=\"_ _0\"></span>e classi\ue615ed as tre<span class=\"_ _2\"></span>asur<span class=\"_ _22\"></span>y shares and presente<span class=\"_ _0\"></span>d as a deduction from total equity under<span class=\"_ _2\"></span> the caption \u2018Reserve for o<span class=\"_ _0\"></span>wn shares<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>epurchased shar<span class=\"_ _0\"></span>es are accounted for<span class=\"_ _0\"></span> using settlement date accounting<span class=\"_ _2\"></span>. Cancelled tre<span class=\"_ _0\"></span>asury shares are tr<span class=\"_ _2\"></span>ansferred from \u2018Reserve f<span class=\"_ _0\"></span>or ow<span class=\"_ _0\"></span>n shares<span class=\"_ _0\"></span>\u2019 to \u2018Retained e<span class=\"_ _2\"></span>arnings\u2019<span class=\"_ _1\"></span>. When tre<span class=\"_ _2\"></span>asur<span class=\"_ _22\"></span>y shares ar<span class=\"_ _0\"></span>e sold, the amount receiv<span class=\"_ _0\"></span>ed is recognize<span class=\"_ _0\"></span>d as an increase in equit<span class=\"_ _0\"></span>y and the resulting surplus or<span class=\"_ _2\"></span> de\ue615cit on the transaction is presented w<span class=\"_ _0\"></span>ithin share premium.50.<span class=\"_ _2\"></span>19 ProvisionsProv<span class=\"_ _0\"></span>isions are recogniz<span class=\"_ _0\"></span>ed in the statement of \ue615nancial position w<span class=\"_ _0\"></span>hen a Group compan<span class=\"_ _0\"></span>y has a present obligation (leg<span class=\"_ _0\"></span>al or constructive<span class=\"_ _2\"></span>) as a result of a past event and when it is pr<span class=\"_ _0\"></span>obable that an out\ue617o<span class=\"_ _0\"></span>w of resources embodyin<span class=\"_ _0\"></span>g economic bene\ue615ts will be requir<span class=\"_ _0\"></span>ed to settle the obligation and a reli<span class=\"_ _0\"></span>able estimate can be ma<span class=\"_ _0\"></span>de of the amount of the obligation.\ue618e amount recognized as a pr<span class=\"_ _0\"></span>ovision is the best es<span class=\"_ _0\"></span>timate of the expenditure r<span class=\"_ _0\"></span>equired to settle the present oblig<span class=\"_ _0\"></span>ation at the reporting date<span class=\"_ _2\"></span>.If the e\ue614ect is material,<span class=\"_ _0\"></span> provisions ar<span class=\"_ _0\"></span>e determined by discountin<span class=\"_ _0\"></span>g the expected future cash \ue617o<span class=\"_ _0\"></span>ws at a pre-tax r<span class=\"_ _2\"></span>ate that re\ue617ects current mark<span class=\"_ _2\"></span>et assessments of the time value of money and, <span class=\"_ _0\"></span>where appropria<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> the risks speci\ue615c to the liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>19.1 RestructuringA pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> restructuring is r<span class=\"_ _0\"></span>ecognized when the Gr<span class=\"_ _0\"></span>oup has approv<span class=\"_ _0\"></span>ed a detailed and formal r<span class=\"_ _0\"></span>estructuring plan,<span class=\"_ _0\"></span> and the restructuring h<span class=\"_ _0\"></span>as either commenced or<span class=\"_ _2\"></span> has been announced to those a\ue614ected by it. Futur<span class=\"_ _0\"></span>e operatin<span class=\"_ _0\"></span>g costs are not prov<span class=\"_ _0\"></span>ided for<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>19.2 Environmental protectionIn accordance <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s published env<span class=\"_ _0\"></span>ironmental policy and applicable legal r<span class=\"_ _0\"></span>equirements, a pr<span class=\"_ _0\"></span>ovision for<span class=\"_ _2\"></span> site restor<span class=\"_ _0\"></span>ation in respect of contaminated l<span class=\"_ _0\"></span>and is recognized <span class=\"_ _0\"></span>when the land is contaminated.50.<span class=\"_ _2\"></span>19.3 T<span class=\"_ _2\"></span>rade-relatedT<span class=\"_ _2\"></span>rade-r<span class=\"_ _0\"></span>elated pro<span class=\"_ _0\"></span>visions mainly comprise pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _2\"></span> sales commissions and warr<span class=\"_ _0\"></span>anty and commercial litig<span class=\"_ _0\"></span>ations. A<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>ision for pr<span class=\"_ _0\"></span>oduct w<span class=\"_ _0\"></span>arranty is m<span class=\"_ _0\"></span>ade at the time of revenue r<span class=\"_ _0\"></span>ecognition and re\ue617ects the estimate<span class=\"_ _0\"></span>d costs of replacement that will be incurr<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _0\"></span>oup.50.<span class=\"_ _2\"></span>19.4 Onerous contractsA pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> onerous contr<span class=\"_ _0\"></span>acts is recognized <span class=\"_ _0\"></span>when the expected bene\ue615ts to be derive<span class=\"_ _0\"></span>d by the Group fr<span class=\"_ _0\"></span>om a contract ar<span class=\"_ _0\"></span>e lower<span class=\"_ _2\"></span> than the unavoidable cost of meeting its obliga<span class=\"_ _0\"></span>tions under the contr<span class=\"_ _0\"></span>act, w<span class=\"_ _0\"></span>hich is determined based on the incr<span class=\"_ _0\"></span>emen<span class=\"ws1\">-</span>tal cost of ful\ue615lling the obligation under<span class=\"_ _2\"></span> the contract and an allocation of other costs dir<span class=\"_ _0\"></span>ectly rela<span class=\"_ _0\"></span>ted to ful\ue615lling the con<span class=\"ws1\">-</span>tract.<span class=\"_ _2\"></span> Provisions are esta<span class=\"_ _0\"></span>blished for <span class=\"_ _0\"></span>impending losses on purchase or<span class=\"_ _2\"></span> sales contracts at the amount of the anticipated los<span class=\"_ _0\"></span>ses.50.20 Contract liabilities\ue618e Group applies IFRS 15 <span class=\"ff11 ws33\">R<span class=\"_ _2\"></span>evenue from contract<span class=\"_ _0\"></span>s with cus<span class=\"_ _0\"></span>tomers<span class=\"ff1 ws77\">, tha<span class=\"_ _0\"></span>t introduced the concept of contra<span class=\"_ _0\"></span>ct assets and contract </span></span>liabilities.Contra<span class=\"_ _0\"></span>ct liabilities comprise deferred r<span class=\"_ _0\"></span>evenue and adv<span class=\"_ _2\"></span>ance payments received fr<span class=\"_ _0\"></span>om customers, as <span class=\"_ _0\"></span>well as accruals f<span class=\"_ _0\"></span>or bo<span class=\"ws1\">-</span>nuses and reba<span class=\"_ _0\"></span>tes related to g<span class=\"_ _0\"></span>oods and services purchased b<span class=\"_ _0\"></span>y customers during the period.50.21 Other liabilitiesOther lia<span class=\"_ _0\"></span>bilities primarily rela<span class=\"_ _0\"></span>te to unearned other<span class=\"_ _0\"></span> opera<span class=\"_ _0\"></span>ting income.<span class=\"_ _2\"></span> Government grants are a t<span class=\"_ _0\"></span>ypical example of unearne<span class=\"_ _0\"></span>d other oper<span class=\"_ _2\"></span>ating income. <span class=\"_ _2\"></span>\ue618ey are recognized in pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s when there is a re<span class=\"_ _2\"></span>asonable assurance that the conditions attached to the gr<span class=\"_ _0\"></span>ants will be or<span class=\"_ _0\"></span> are complied w<span class=\"_ _0\"></span>ith and the grants w<span class=\"_ _0\"></span>ill be receive<span class=\"_ _0\"></span>d. Gr<span class=\"_ _0\"></span>ants that compensate the Group for e<span class=\"_ _0\"></span>xpenses incurred are r<span class=\"_ _0\"></span>ecognized in pr<span class=\"_ _0\"></span>o\ue615t or loss under<span class=\"_ _2\"></span> the same functional reporting line item as the corresponding expenses. <span class=\"_ _2\"></span>\ue618ey are recognize<span class=\"_ _0\"></span>d as income over<span class=\"_ _0\"></span> the periods necessary to match them on a sy<span class=\"_ _0\"></span>stematic basis to the cos<span class=\"_ _0\"></span>ts that are intended to be compensated.<span class=\"_ _2\"></span> Grants aw<span class=\"_ _0\"></span>arded for<span class=\"_ _2\"></span> the purchase or production of assets (Intangible as<span class=\"_ _0\"></span>sets or Pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant and equipment) are r<span class=\"_ _0\"></span>ecognized initially as other<span class=\"_ _2\"></span> liability and then recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss as other<span class=\"_ _2\"></span> income on a system<span class=\"_ _0\"></span>atic basis ov<span class=\"_ _0\"></span>er the useful lif<span class=\"_ _0\"></span>e of the asset. Gov<span class=\"_ _0\"></span>ernment grants for<span class=\"_ _2\"></span> future expenses are recor<span class=\"_ _0\"></span>ded as \u2018<span class=\"_ _0\"></span>Other lia<span class=\"_ _0\"></span>bilities\u2019<span class=\"_ _1\"></span>..<span class=\"_ _0\"></span> NEW ST<span class=\"_ _2\"></span>ANDARDS <span class=\"_ _0\"></span>AND INTERPRET<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TIONS ISSUED BUT NOT<span class=\"_ _0\"></span> <span class=\"_ _2\"></span>YET EFFECTIVEA number<span class=\"_ _0\"></span> of new IFRS standards,<span class=\"_ _2\"></span> amendments to IFRS standards and interpretations iss<span class=\"_ _0\"></span>ued, w<span class=\"_ _0\"></span>ere not yet e\ue614<span class=\"_ _0\"></span>ective for<span class=\"_ _0\"></span> the year<span class=\"_ _2\"></span> ended on December 31, 20<span class=\"_ _0\"></span>22 and hav<span class=\"_ _0\"></span>e not been applied in preparin<span class=\"_ _0\"></span>g the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements.\ue618e Group shall adopt these stand<span class=\"_ _0\"></span>ards after<span class=\"_ _0\"></span> endorsement by the E<span class=\"_ _0\"></span>uropean Union.<span class=\"_ _2\"></span> \ue618is rela<span class=\"_ _0\"></span>tes to: \u2022 <span class=\"_ _33b\"> </span>Amendments to IFR<span class=\"_ _0\"></span>S 16 <span class=\"ff75\">Leases : Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in a Sale and Leaseback</span>In September 20<span class=\"_ _2\"></span>22, the IASB issued an amendment to IFRS 16 <span class=\"ff11 wsb3\">Leases r<span class=\"_ _0\"></span>elated to the tr<span class=\"_ _0\"></span>eatment of a lease l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ity in a sale and </span>leaseback tr<span class=\"_ _0\"></span>ansaction<span class=\"ff1 ws43\">.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ese amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginnin<span class=\"_ _0\"></span>g on or after<span class=\"_ _2\"></span> Januar<span class=\"_ _22\"></span>y 1, 20<span class=\"_ _2\"></span>24. Earlier </span>application is permitted. \ue618e amendment to IFRS 16 <span class=\"ff11 ws1\">Leases</span> speci\ue615es the requir<span class=\"_ _0\"></span>ements that a seller<span class=\"_ _0\"></span>-lessee uses in meas<span class=\"_ _0\"></span>uring the lease liabilit<span class=\"_ _0\"></span>y arising in a sale and leaseb<span class=\"_ _0\"></span>ack tr<span class=\"_ _0\"></span>ansaction, to ensur<span class=\"_ _0\"></span>e the seller-les<span class=\"_ _0\"></span>see does not recognise any amount of the gain or<span class=\"_ _2\"></span> loss that relates to the right of use it retains. <span class=\"_ _0\"></span>A sale and le<span class=\"_ _0\"></span>aseback tr<span class=\"_ _2\"></span>ansaction involves the tr<span class=\"_ _2\"></span>ansfer of an asset by an entity (<span class=\"_ _0\"></span>the seller<span class=\"_ _0\"></span>-lessee) to another entity<span class=\"_ _0\"></span> (the buyer<span class=\"_ _2\"></span>-lessor) and the leaseback<span class=\"_ _0\"></span> of the same asset by the seller<span class=\"_ _2\"></span>-lessee. <span class=\"_ _2\"></span>\ue618e amendment is intended to improv<span class=\"_ _0\"></span>e the requirements for<span class=\"_ _2\"></span> sale and leaseback tr<span class=\"_ _2\"></span>ansactions in IFRS 16. It does not chan<span class=\"_ _0\"></span>ge the accounting for<span class=\"_ _2\"></span> leases unrelate<span class=\"_ _0\"></span>d to sale and leaseba<span class=\"_ _0\"></span>ck tr<span class=\"_ _0\"></span>ansactions.\ue618e amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union in January 20<span class=\"_ _0\"></span>23. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a m<span class=\"_ _0\"></span>aterial impact to the consolida<span class=\"_ _0\"></span>ted statements of the Group<span class=\"_ _0\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"ws88\">Amendments to IAS 1 <span class=\"ff75 wsa\">P<span class=\"_ _0\"></span>resentati<span class=\"_ _0\"></span>on of Financial Stat<span class=\"_ _0\"></span>ements: Classi<span class=\"_ _0\"></span>\ue61fcation of l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities as curr<span class=\"_ _2\"></span>ent or non-current,<span class=\"_ _0\"></span> <span class=\"ff5 ws1\">and </span></span></span>deferr<span class=\"_ _2\"></span>al of e\ue60aective dateIn January 2020<span class=\"_ _2\"></span>, the IASB issued amendments to IAS 1 rela<span class=\"_ _0\"></span>ted to the classi\ue615cation of liabilities.<span class=\"_ _0\"></span> <span class=\"_ _2\"></span>\ue618e am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span><span class=\"ff11 ls6d ws65\">Classi<span class=\"ls1 ws1\">-</span></span>\ue61ecation of l<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties as curren<span class=\"_ _0\"></span>t or non-curr<span class=\"_ _0\"></span>ent <span class=\"ff1 ls1 ws16\">(Amendments to IAS 1) a\ue614ect only<span class=\"_ _0\"></span> the presentation of liabilities in the sta<span class=\"_ _0\"></span>tement </span>of \ue615nancial position \u2013 not the amount or timin<span class=\"_ _0\"></span>g of recognition of any asset,<span class=\"_ _0\"></span> liability income or<span class=\"_ _2\"></span> expenses, or the inform<span class=\"_ _0\"></span>ation that entities disclose about those items.<span class=\"_ _0\"></span> A compan<span class=\"_ _0\"></span>y classi\ue615es a lia<span class=\"_ _0\"></span>bility as non-current if it has a right to def<span class=\"_ _0\"></span>er settlement for<span class=\"_ _2\"></span> at least twelv<span class=\"_ _0\"></span>e months after the r<span class=\"_ _0\"></span>eport<span class=\"ws1\">-</span>ing period. <span class=\"_ _2\"></span>\ue618e amendments clarify that the classi\ue615cation of liabilities as curr<span class=\"_ _0\"></span>ent or non-current should be b<span class=\"_ _0\"></span>ased on rights that exist a<span class=\"_ _0\"></span>t the end of the reporting period. <span class=\"_ _2\"></span>\ue618ey clarify that classi\ue615cation is una\ue614<span class=\"_ _0\"></span>ected by expecta<span class=\"_ _0\"></span>tions about whether<span class=\"_ _0\"></span> an entity will e<span class=\"_ _0\"></span>xercise its right to def<span class=\"_ _0\"></span>er settlement of a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.\ue618e IASB has proposed further<span class=\"_ _2\"></span> amendments to IAS 1 and the deferral of the 2020 amendments to no l<span class=\"_ _0\"></span>ater than Janu<span class=\"_ _0\"></span>ary 1, 2024. \ue618es<span class=\"_ _22\"></span>e a<span class=\"_ _22\"></span>men<span class=\"_ _22\"></span>dme<span class=\"_ _22\"></span>nts<span class=\"_ _22\"></span> have<span class=\"_ _22\"></span> no<span class=\"_ _22\"></span>t yet<span class=\"_ _22\"></span> be<span class=\"_ _22\"></span>en <span class=\"_ _22\"></span>end<span class=\"_ _22\"></span>or<span class=\"_ _22\"></span>sed by the European U<span class=\"_ _0\"></span>nion. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a m<span class=\"_ _0\"></span>aterial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Gr<span class=\"_ _0\"></span>oup. \u2022 <span class=\"_ _33b\"> </span>Amendments to IAS 1: <span class=\"ff75\">N<span class=\"_ _0\"></span>on-current l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities <span class=\"_ _0\"></span>with cov<span class=\"_ _0\"></span>enants</span>In October 20<span class=\"_ _2\"></span>22, the IASB issued an amendment to IAS 1 <span class=\"ff11 wse0\">Non<span class=\"_ _0\"></span>-Current liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies with Co<span class=\"_ _2\"></span>venants<span class=\"ff1 ws69\"> e\ue614ective for<span class=\"_ _0\"></span> annual periods </span></span>beginning on or af<span class=\"_ _0\"></span>ter January 1,<span class=\"_ _0\"></span> 2024.<span class=\"_ _0\"></span> Earlier application is permitte<span class=\"_ _0\"></span>d. \ue618e amendment clari\ue615es how an entity<span class=\"_ _0\"></span> classi\ue615es debt and other<span class=\"_ _0\"></span> \ue615nancial liabilities as curr<span class=\"_ _0\"></span>ent or non-current in p<span class=\"_ _0\"></span>articular cir<span class=\"_ _2\"></span><span class=\"ls1 ws1\">-</span>cumstances. Under<span class=\"_ _2\"></span> the 2022 amendments, only co<span class=\"_ _0\"></span>venants of a liability<span class=\"_ _0\"></span> arising from a loan arr<span class=\"_ _2\"></span>angement, which an entity mus<span class=\"_ _0\"></span>t comply with on or<span class=\"_ _2\"></span> before the reporting date a\ue614ect the clas<span class=\"_ _0\"></span>si\ue615cation of that liability as curr<span class=\"_ _0\"></span>ent or non-curr<span class=\"_ _0\"></span>ent. <span class=\"_ _2\"></span>\ue618e 2022 amend<span class=\"ls1 ws1\">-</span>ments, as opposed to the pr<span class=\"_ _0\"></span>oposed amendments in the 2021 ED<span class=\"_ _2\"></span>, do not require an entity to pr<span class=\"_ _0\"></span>esent separ<span class=\"_ _0\"></span>ately non-current liabilities for<span class=\"_ _0\"></span> which the entity\u2019<span class=\"_ _1\"></span>s right to defer settlement is subject to compliance w<span class=\"_ _0\"></span>ith future co<span class=\"_ _0\"></span>venants within t<span class=\"_ _0\"></span>welve months. Instead,<span class=\"_ _2\"></span> the 2022 amendments require entities to disclose inform<span class=\"_ _0\"></span>ation about such cov<span class=\"_ _0\"></span>enants and relate<span class=\"_ _0\"></span>d liabilities in the notes.\ue618ese amendments have not <span class=\"_ _0\"></span>yet been endorsed by the E<span class=\"_ _0\"></span>urope<span class=\"_ _0\"></span>an Union. <span class=\"_ _2\"></span>\ue618e Group will apply the<span class=\"_ _22\"></span>se <span class=\"_ _22\"></span>ame<span class=\"_ _22\"></span>ndm<span class=\"_ _22\"></span>ent<span class=\"_ _22\"></span>s a<span class=\"_ _22\"></span>fte<span class=\"_ _22\"></span>r en<span class=\"ls1 ws1\">-</span>dorsement. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a ma<span class=\"_ _0\"></span>terial impact to the consolidate<span class=\"_ _0\"></span>d \ue615nancial statements of the Group<span class=\"_ _0\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"ws77\">Amendments to IAS 1 <span class=\"ff75 ws66\">P<span class=\"_ _0\"></span>resentati<span class=\"_ _0\"></span>on of Financial Stat<span class=\"_ _0\"></span>ements<span class=\"ff5 ws77\"> and IFRS Pr<span class=\"_ _2\"></span>actice Statement 2: <span class=\"ff75 wsc2\">Disclosur<span class=\"_ _0\"></span>e of Accountin<span class=\"_ _0\"></span>g </span></span></span></span>policies<span class=\"ff5 ls1 ws1\">, iss<span class=\"_ _0\"></span>ued on F<span class=\"_ _0\"></span>ebruary 12,<span class=\"_ _0\"></span> 2021</span>\ue618ese amendments include narrow<span class=\"_ _2\"></span>-scope amendments to improve accounting policy disclosur<span class=\"_ _0\"></span>es so that they pro<span class=\"_ _0\"></span>vide more useful informa<span class=\"_ _0\"></span>tion to investors and other<span class=\"_ _2\"></span> primary users of the \ue615nancial statements. <span class=\"_ _2\"></span>\ue618e amendments to IAS 1 require companies to disclose their<span class=\"_ _0\"></span> material accounting policy inform<span class=\"_ _0\"></span>ation ra<span class=\"_ _0\"></span>ther than their<span class=\"_ _2\"></span> signi\ue615cant accounting policies. <span class=\"_ _0\"></span>\ue618e amendments to IFRS Pr<span class=\"_ _0\"></span>actice Statement 2 prov<span class=\"_ _0\"></span>ide guidance on how<span class=\"_ _0\"></span> to apply the concept of materiality to accountin<span class=\"_ _0\"></span>g poli<span class=\"ws1\">-</span>cy disclosures.<span class=\"_ _0\"></span> \ue618e amendments ar<span class=\"_ _0\"></span>e e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23 with e<span class=\"_ _0\"></span>arly application permitted. <span class=\"_ _2\"></span>\ue618ese amendments have been endorsed by<span class=\"_ _0\"></span> the EU<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a materi<span class=\"_ _0\"></span>al impact to the consolidate<span class=\"_ _0\"></span>d \ue615nancial statements of the Group<span class=\"_ _2\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"wscc\">Amendments to IAS 8</span><span class=\"ff1\"> <span class=\"_ _54\"></span><span class=\"ff75 wseb\">Accounting pol<span class=\"_ _0\"></span>icies, Chan<span class=\"_ _0\"></span>ges in Account<span class=\"_ _2\"></span>ing Estimates and Errors: D<span class=\"_ _0\"></span>e\ue61fnition of<span class=\"_ _0\"></span> Account<span class=\"_ _0\"></span>ing </span></span>Estimat<span class=\"_ _0\"></span>esIn Fe<span class=\"_ _0\"></span>bruary 2021,<span class=\"_ _0\"></span> the IASB issued amendments to IAS 8 tha<span class=\"_ _0\"></span>t clarify how companies should dis<span class=\"_ _0\"></span>tinguish changes in a<span class=\"_ _0\"></span>ccount<span class=\"ws1\">-</span>ing policies from chang<span class=\"_ _0\"></span>es in accounting estima<span class=\"_ _0\"></span>tes. <span class=\"_ _2\"></span>\ue618e distinction is important because changes in accounting estim<span class=\"_ _0\"></span>ates are applied prospectiv<span class=\"_ _0\"></span>ely only to futur<span class=\"_ _0\"></span>e transactions and other<span class=\"_ _2\"></span> future events, but chang<span class=\"_ _0\"></span>es in accounting policies are g<span class=\"_ _0\"></span>ener<span class=\"ws1\">-</span>ally also applied retr<span class=\"_ _0\"></span>ospectively to pas<span class=\"_ _0\"></span>t transactions and other<span class=\"_ _2\"></span> past events.\ue618e amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginning on or<span class=\"_ _2\"></span> after January 1, 20<span class=\"_ _2\"></span>23 with early application permitted.<span class=\"_ _0\"></span> \ue618ese amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e application of this amendment will not hav<span class=\"_ _0\"></span>e a mate<span class=\"ws1\">-</span>rial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Group<span class=\"_ _2\"></span>. Amendments to IAS <span class=\"ff75\">12 Income <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>axes: Def<span class=\"_ _0\"></span>erred <span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>ax related to Assets and L<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities ar<span class=\"_ _0\"></span>ising from a S<span class=\"_ _0\"></span>ingle <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction</span>In May 20<span class=\"_ _0\"></span>21, the IASB issue<span class=\"_ _0\"></span>d amendments to IAS 12 that clarify how<span class=\"_ _0\"></span> companies should account for<span class=\"_ _0\"></span> deferred tax on tr<span class=\"_ _2\"></span>ans<span class=\"ws1\">-</span>actions such as leases and decommis<span class=\"_ _0\"></span>sioning obligations. IAS 12\ue69d<span class=\"_ _2\"></span><span class=\"ff11 ws11\">Income T<span class=\"_ _2\"></span>axes<span class=\"ff1 ws2b\">\ue69dspeci\ue615es ho<span class=\"_ _0\"></span>w a compan<span class=\"_ _0\"></span>y accounts for<span class=\"_ _0\"></span> income </span></span>tax, including deferr<span class=\"_ _0\"></span>ed tax, <span class=\"_ _0\"></span>which represents tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able or r<span class=\"_ _0\"></span>ecover<span class=\"_ _2\"></span>able in the future.<span class=\"_ _0\"></span> In speci\ue615ed circumstances,<span class=\"_ _2\"></span> compa<span class=\"ws1\">-</span>nies are ex<span class=\"_ _0\"></span>empt from recognizing def<span class=\"_ _0\"></span>erred tax when they<span class=\"_ _0\"></span> recognize assets or<span class=\"_ _2\"></span> liabilities for the \ue615rst time<span class=\"_ _2\"></span>. Previously<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> there had been some uncertainty about <span class=\"_ _0\"></span>whether the e<span class=\"_ _0\"></span>xemption applied to tr<span class=\"_ _0\"></span>ansactions such as le<span class=\"_ _0\"></span>ases and decommissioning obligations, tr<span class=\"_ _2\"></span>ansactions for which comp<span class=\"_ _0\"></span>anies recognize both an asset and a li<span class=\"_ _0\"></span>ability<span class=\"_ _2\"></span>.\ue69d<span class=\"_ _22\"></span>\ue618e amendments clarify that the exemption does not apply and th<span class=\"_ _0\"></span>at companies are r<span class=\"_ _0\"></span>equired to r<span class=\"_ _0\"></span>ecognize deferred tax on s<span class=\"_ _0\"></span>uch transactions.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e aim of the amendments is to reduce diversit<span class=\"_ _0\"></span>y in the reporting of deferre<span class=\"_ _0\"></span>d tax on leases and decommissioning oblig<span class=\"_ _0\"></span>ations.\ue618e amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginning on or<span class=\"_ _2\"></span> after January 1, 20<span class=\"_ _2\"></span>23 with early application permitted.<span class=\"_ _0\"></span> \ue618ese amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e application of this amendment will not hav<span class=\"_ _0\"></span>e a mate<span class=\"ws1\">-</span>rial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Group<span class=\"_ _2\"></span>.\ue618e followin<span class=\"_ _0\"></span>g changes ha<span class=\"_ _0\"></span>ve not been elabor<span class=\"_ _2\"></span>ated on as the Group does not expect these to hav<span class=\"_ _0\"></span>e a material impa<span class=\"_ _0\"></span>ct to the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements. <span class=\"_ _2\"></span>\ue618ese relate to: \u2022 <span class=\"_ _33b\"> </span><span class=\"ws28\">IFRS 1<span class=\"_ _0\"></span>7 <span class=\"ff75 ws1d\">Insur<span class=\"_ _0\"></span>ance Contracts<span class=\"ff1 wsca\"> (is<span class=\"_ _0\"></span>sued on May 18,<span class=\"_ _0\"></span> 201<span class=\"_ _0\"></span>7); including Amendments to IFRS 1<span class=\"_ _0\"></span>7 (issued on June 25,<span class=\"_ _0\"></span> 2020) - en<span class=\"ws1\">-</span></span></span></span>dorsed e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23;\u2022 <span class=\"_ _33b\"> </span><span class=\"ws84\">Amendments to IFR<span class=\"_ _0\"></span>S 17 <span class=\"ff75\">Insur<span class=\"_ _2\"></span>ance Contracts<span class=\"ff1 ls67 ws70\">: initial application of IFRS 1<span class=\"_ _0\"></span>7 and IFRS 9 Compar<span class=\"_ _2\"></span>ative Information (issued </span></span></span>on December 9,<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>) \u2013 endorsed e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__112": {
   "value": "50.<span class=\"_ _2\"></span>1 Basis of consolidation50.<span class=\"_ _2\"></span>1.1 Business combinationsBusiness combinations are a<span class=\"_ _0\"></span>ccounted for usin<span class=\"_ _0\"></span>g the acquisition method as at the acquisition date<span class=\"_ _2\"></span>, which is the date on which control is tr<span class=\"_ _0\"></span>ansferred to the Gr<span class=\"_ _0\"></span>oup.Control is the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> the right that gives the Compan<span class=\"_ _0\"></span>y the ability to direct the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant activities of rel<span class=\"_ _0\"></span>at<span class=\"ws1\">-</span>ed entity<span class=\"_ _2\"></span>, and is e<span class=\"_ _0\"></span>xposed to or h<span class=\"_ _0\"></span>as rights to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and has the a<span class=\"_ _0\"></span>bility to a\ue614ect those returns through its po<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> over<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>.Goodwill is not amortized but tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment on an annual basis and w<span class=\"_ _0\"></span>henever ther<span class=\"_ _0\"></span>e is an indication that the cash-gener<span class=\"_ _0\"></span>ating unit to which goodw<span class=\"_ _0\"></span>ill has been allocated ma<span class=\"_ _0\"></span>y be impaire<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e impairment testing process is described in the appropriate section of these policies.<span class=\"_ _0\"></span> Goodwill is stated at cos<span class=\"_ _0\"></span>t less accumulated imp<span class=\"_ _0\"></span>airment losses. <span class=\"_ _0\"></span>With respect to associates,<span class=\"_ _0\"></span> the carrying amount of goodwill is included in the carrying amount of the in<span class=\"_ _0\"></span>vestment.\ue618e Group meas<span class=\"_ _0\"></span>ures goodwill a<span class=\"_ _0\"></span>t the acquisition date as: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of the consider<span class=\"_ _2\"></span>ation transferred; plus</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws42\">the recognized amount of an<span class=\"_ _0\"></span>y non-controlling inter<span class=\"_ _0\"></span>ests in the acquiree; and if the business combina<span class=\"_ _0\"></span>tion is achieved in </span></span>stages,<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of the e<span class=\"_ _0\"></span>xisting equity interes<span class=\"_ _0\"></span>t in the acquiree; less <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the net fair<span class=\"_ _0\"></span> value of the identi\ue615a<span class=\"_ _0\"></span>ble assets acquired and li<span class=\"_ _0\"></span>abilities assumed.</span></span>When the excess is neg<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, a b<span class=\"_ _0\"></span>argain purchase gain is r<span class=\"_ _0\"></span>ecognized immedia<span class=\"_ _0\"></span>tely in pro\ue615t or<span class=\"_ _0\"></span> loss. <span class=\"_ _0\"></span>Any conting<span class=\"_ _0\"></span>ent consid<span class=\"ws1\">-</span>eration p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able is recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue at the acquisition date<span class=\"_ _2\"></span>. Subsequent changes to the fair<span class=\"_ _2\"></span> value of the contingent consideration r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss.Costs rel<span class=\"_ _0\"></span>ated to the acquisition are e<span class=\"_ _0\"></span>xpensed as incurred.50.<span class=\"_ _2\"></span>1.2 Discontinued op<span class=\"_ _22\"></span>erationsA discontinued oper<span class=\"_ _0\"></span>ation is a component of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s business, the oper<span class=\"_ _2\"></span>ations and cash \ue617ows which can be clearly dis<span class=\"ws1\">-</span>tinguished from the r<span class=\"_ _0\"></span>est of the Group and which: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">represents a sep<span class=\"_ _0\"></span>arate ma<span class=\"_ _0\"></span>jor line of business or<span class=\"_ _0\"></span> geogr<span class=\"_ _0\"></span>aphic area of oper<span class=\"_ _2\"></span>ations;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">is part of a single co-or<span class=\"_ _0\"></span>dinated plan to dispose of a separ<span class=\"_ _2\"></span>ate major line of business or<span class=\"_ _0\"></span> geographic ar<span class=\"_ _0\"></span>ea of oper<span class=\"_ _0\"></span>ations; or</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">is a subsidiary acquired e<span class=\"_ _0\"></span>xclusively<span class=\"_ _0\"></span> with a v<span class=\"_ _0\"></span>iew to resale<span class=\"_ _0\"></span>.</span></span>Classi\ue615cation as a discontinued oper<span class=\"_ _2\"></span>ation occurs at the earlier of disposal or<span class=\"_ _0\"></span> when an oper<span class=\"_ _0\"></span>ation meets the criteria to be reclassi\ue615ed as he<span class=\"_ _0\"></span>ld-for-sale<span class=\"_ _2\"></span>.When an operation is cl<span class=\"_ _0\"></span>assi\ue615ed as a discontinued oper<span class=\"_ _0\"></span>ation, the comp<span class=\"_ _0\"></span>arativ<span class=\"_ _0\"></span>e statement of pro\ue615t or<span class=\"_ _0\"></span> loss and OCI is re-<span class=\"ws1\"> </span>presented as if the oper<span class=\"_ _0\"></span>ation has been discontinued from the start of the comp<span class=\"_ _0\"></span>arativ<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>1.3 Measurement of non-controlling interestsNon-controlling inter<span class=\"_ _0\"></span>ests are meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> proportionate sh<span class=\"_ _0\"></span>are of the acquirees identi\ue615able net as<span class=\"_ _0\"></span>sets at the date <span class=\"_ _20\"></span><span class=\"ws1\"> </span>of acquisition. Chang<span class=\"_ _0\"></span>es in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s interest in a subsidiary tha<span class=\"_ _0\"></span>t do not result in the loss of control ar<span class=\"_ _0\"></span>e accounted for<span class=\"_ _0\"></span> as equity tr<span class=\"_ _0\"></span>ansactions. When the Gr<span class=\"_ _0\"></span>oup loses control ov<span class=\"_ _0\"></span>er a subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>, it derecognizes the assets and li<span class=\"_ _0\"></span>abilities of the subsid<span class=\"ws1\">-</span>iary<span class=\"_ _2\"></span>, and any<span class=\"_ _0\"></span> related NCI and other<span class=\"_ _2\"></span> components of the equity<span class=\"_ _2\"></span>. Any r<span class=\"_ _0\"></span>esulting gain or<span class=\"_ _0\"></span> loss is recognised in pr<span class=\"_ _0\"></span>o\ue615t or loss.<span class=\"_ _2\"></span> Any interest retaine<span class=\"_ _0\"></span>d in the former subsidi<span class=\"_ _0\"></span>ary is measure<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>when control is lost.<span class=\"_ _0\"></span>  50.<span class=\"_ _2\"></span>1.4 SubsidiariesA subsidiary is an entity contr<span class=\"_ _0\"></span>olled by the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Control exis<span class=\"_ _0\"></span>ts when the Compan<span class=\"_ _0\"></span>y has the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver the entit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> the right that gives the C<span class=\"_ _0\"></span>ompany the a<span class=\"_ _0\"></span>bility to direct the r<span class=\"_ _0\"></span>elevant a<span class=\"_ _0\"></span>ctivities of relate<span class=\"_ _0\"></span>d entity<span class=\"_ _2\"></span>, and is expose<span class=\"_ _0\"></span>d to or has rig<span class=\"_ _0\"></span>hts to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and h<span class=\"_ _0\"></span>as the ability to a\ue614ect those r<span class=\"_ _0\"></span>eturns through its pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver the entity<span class=\"_ _2\"></span>.\ue618e \ue615nancial statements of a subsidiary ar<span class=\"_ _0\"></span>e included in the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements from the acquisition da<span class=\"_ _0\"></span>te until the date when the p<span class=\"_ _0\"></span>arent ceases to contr<span class=\"_ _0\"></span>ol the subsidiary<span class=\"_ _2\"></span>.Changes in a parent\u2019<span class=\"_ _0\"></span>s ownership interest in a subsidiary that do not result in a loss of controlChanges in a p<span class=\"_ _0\"></span>arent\u2019<span class=\"_ _1\"></span>s ownership interest in a subsidiary that do not r<span class=\"_ _0\"></span>esult in a loss of control are accounte<span class=\"_ _0\"></span>d for as equit<span class=\"_ _0\"></span>y transactions (i.<span class=\"_ _2\"></span>e. tr<span class=\"_ _0\"></span>ansactions with o<span class=\"_ _0\"></span>wners in their cap<span class=\"_ _0\"></span>acity as o<span class=\"_ _0\"></span>wners).In such circumstances,<span class=\"_ _0\"></span> the carrying amounts of the controlling and non-controllin<span class=\"_ _0\"></span>g interests shall be adjus<span class=\"_ _0\"></span>ted to re\ue617ect the changes in their<span class=\"_ _2\"></span> relative interests in the s<span class=\"_ _0\"></span>ubsidiary<span class=\"_ _2\"></span>. Adjustments to non-contr<span class=\"_ _0\"></span>olling interests arising fr<span class=\"_ _0\"></span>om transactions tha<span class=\"_ _0\"></span>t do not involv<span class=\"_ _0\"></span>e the loss of control are b<span class=\"_ _0\"></span>ased on a proportionate amount of the net assets of the subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>. Any<span class=\"_ _0\"></span> di\ue614erence between the amount by<span class=\"_ _0\"></span> which the non-controlling inter<span class=\"_ _0\"></span>ests are adjuste<span class=\"_ _0\"></span>d and the fair <span class=\"_ _0\"></span>value of the consider<span class=\"_ _0\"></span>ation paid or<span class=\"_ _0\"></span> received,<span class=\"_ _2\"></span> shall be recognized in equity and attributed to the o<span class=\"_ _0\"></span>wners of the parent.50.<span class=\"_ _2\"></span>1.5 Loss of controlOn the loss of control, the Gr<span class=\"_ _0\"></span>oup derecognizes the assets and li<span class=\"_ _0\"></span>abilities of the subsidiary<span class=\"_ _2\"></span>, any<span class=\"_ _0\"></span> non-controlling interes<span class=\"_ _0\"></span>ts and the other components of equity r<span class=\"_ _0\"></span>elated to the subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>. Any<span class=\"_ _0\"></span> surplus or de\ue615cit arisin<span class=\"_ _0\"></span>g on the loss of control is recognize<span class=\"_ _0\"></span>d in pro\ue615t or loss.<span class=\"_ _2\"></span> If<span class=\"_ _22\"></span> the Group retains an<span class=\"_ _0\"></span>y interest in the pr<span class=\"_ _0\"></span>evious subsidiary<span class=\"_ _2\"></span>, then such inter<span class=\"_ _0\"></span>est is meas<span class=\"_ _0\"></span>ured at fair<span class=\"_ _2\"></span> value at the date th<span class=\"_ _0\"></span>at control is lost.<span class=\"_ _0\"></span> Subsequently it is accounted for<span class=\"_ _0\"></span> as an equity-a<span class=\"_ _0\"></span>ccounted inves<span class=\"_ _0\"></span>tee or as a \ue615nancial as<span class=\"_ _0\"></span>set depending on the level of in\ue617uence retained.50.<span class=\"_ _2\"></span>1.6 Investments in associatesAn associate is an entity in <span class=\"_ _0\"></span>which the Compan<span class=\"_ _0\"></span>y has signi\ue615cant in\ue617uence and that is neither<span class=\"_ _0\"></span> a subsidiary nor<span class=\"_ _0\"></span> an interest in a joint venture<span class=\"_ _2\"></span>. Signi\ue615cant in\ue617uence is presumed to e<span class=\"_ _0\"></span>xist when the Compan<span class=\"_ _2\"></span>y holds between 20% and 50% of the voting po<span class=\"_ _0\"></span>wer of another entity<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> An inv<span class=\"_ _0\"></span>estment in an associate is a<span class=\"_ _0\"></span>ccounted for<span class=\"_ _0\"></span> using the equity method from the d<span class=\"_ _0\"></span>ate on which it becomes an associate and is recogniz<span class=\"_ _0\"></span>ed initially at cost.<span class=\"_ _2\"></span> \ue618e cost of the inv<span class=\"_ _0\"></span>estment includes transaction cos<span class=\"_ _0\"></span>ts. On acquisition of the inves<span class=\"_ _0\"></span>tment, any<span class=\"_ _0\"></span> di\ue614erence betw<span class=\"_ _0\"></span>een the cost of the investment and the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s share of the net fair v<span class=\"_ _2\"></span>alue of the associate\u2019<span class=\"_ _1\"></span>s<span class=\"_ _22\"></span> identi\ue615able assets and liabilities is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>ollows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Goodwill rel<span class=\"_ _0\"></span>ating to an associate is included in the carryin<span class=\"_ _0\"></span>g amount of the investment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">Any e<span class=\"_ _0\"></span>xcess of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s share of the net f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of the associate\u2019<span class=\"_ _1\"></span>s identi\ue615able assets and liabilities over<span class=\"_ _2\"></span> the cost of </span></span>the inves<span class=\"_ _0\"></span>tment is included as income in the determination of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s share of the associ<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s pro\ue615t or<span class=\"_ _0\"></span> loss in the period in which the inv<span class=\"_ _0\"></span>estment is acquired.Elimination of unrealized pro\ue61fts and losses on transactions with associatesPro\ue615ts and losses r<span class=\"_ _0\"></span>esulting from upstr<span class=\"_ _0\"></span>eam and dow<span class=\"_ _0\"></span>nstream tr<span class=\"_ _2\"></span>ansactions between the Compan<span class=\"_ _0\"></span>y \u2013 included its consolidated subsidiaries \u2013 and an associate mus<span class=\"_ _0\"></span>t be eliminated to the extent of the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s interest in the associate<span class=\"_ _0\"></span>.Upstre<span class=\"_ _2\"></span>am transactions are<span class=\"_ _0\"></span>, for<span class=\"_ _2\"></span> example,<span class=\"_ _0\"></span> sales of assets from an associate to the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Downstre<span class=\"_ _2\"></span>am transactions are<span class=\"_ _0\"></span>, for<span class=\"_ _0\"></span> example<span class=\"_ _2\"></span>, sales of assets from the Compan<span class=\"_ _0\"></span>y to an associate<span class=\"_ _2\"></span>.When an investment ceases to be an associateFrom the date w<span class=\"_ _0\"></span>hen the Company<span class=\"_ _0\"></span> ceases to ha<span class=\"_ _0\"></span>ve signi\ue615cant in\ue617uence over<span class=\"_ _2\"></span> an associate,<span class=\"_ _0\"></span> it accounts for<span class=\"_ _0\"></span> related in<span class=\"_ _2\"></span>vestment in accordance <span class=\"_ _0\"></span>with IFRS 9 from th<span class=\"_ _0\"></span>at date<span class=\"_ _0\"></span>. On the loss of signi\ue615cant in\ue617uence<span class=\"_ _2\"></span>, the Company <span class=\"_ _0\"></span>measures a<span class=\"_ _0\"></span>t fair <span class=\"_ _0\"></span>value an<span class=\"_ _2\"></span>y invest<span class=\"ls1 ws1\">-</span>ment the Compan<span class=\"_ _0\"></span>y retains in the former<span class=\"_ _0\"></span> associate<span class=\"_ _2\"></span>.\ue618e Compan<span class=\"_ _0\"></span>y recognizes in pr<span class=\"_ _0\"></span>o\ue615t or loss an<span class=\"_ _0\"></span>y di\ue614erence bet<span class=\"_ _0\"></span>ween: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of an<span class=\"_ _0\"></span>y retained in<span class=\"_ _0\"></span>vestment and an<span class=\"_ _0\"></span>y proceeds fr<span class=\"_ _0\"></span>om disposing of the (partial) interes<span class=\"_ _0\"></span>t in the associate; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the carrying amount of the inves<span class=\"_ _0\"></span>tment at the date when signi\ue615cant in\ue617uence is lost.</span></span>Amounts recognized in OCI in r<span class=\"_ _0\"></span>elation to the associa<span class=\"_ _0\"></span>te or joint v<span class=\"_ _0\"></span>enture are accounte<span class=\"_ _0\"></span>d for on the same b<span class=\"_ _0\"></span>asis as would be re<span class=\"ls1 ws1\">-</span>quired if the inv<span class=\"_ _0\"></span>estee had disposed of the re<span class=\"_ _0\"></span>lated assets and lia<span class=\"_ _0\"></span>bilities directly<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>1.7 Jointly controlled entities and jointly controlled operationsA joint arr<span class=\"_ _0\"></span>angement is an arr<span class=\"_ _0\"></span>angement of which tw<span class=\"_ _0\"></span>o or mor<span class=\"_ _0\"></span>e parties hav<span class=\"_ _0\"></span>e joint control. Joint contr<span class=\"_ _0\"></span>ol is the contractu<span class=\"_ _0\"></span>ally agreed sharing of contr<span class=\"_ _0\"></span>ol of an arrangement,<span class=\"_ _2\"></span> which exists only when decisions about the r<span class=\"_ _0\"></span>elevant a<span class=\"_ _0\"></span>ctivities require the unanimous consent of the parties sharing contr<span class=\"_ _0\"></span>ol. Depending upon the rights and obliga<span class=\"_ _0\"></span>tions of the parties to the arran<span class=\"_ _0\"></span>ge<span class=\"ws1\">-</span>ment, the joint arr<span class=\"_ _0\"></span>angement is classi\ue615e<span class=\"_ _0\"></span>d either as a joint oper<span class=\"_ _0\"></span>ation or<span class=\"_ _0\"></span> a joint venture<span class=\"_ _2\"></span>.A. Joint operationA joint oper<span class=\"_ _0\"></span>ation is a joint arrang<span class=\"_ _0\"></span>ement where<span class=\"_ _0\"></span>by the parties tha<span class=\"_ _0\"></span>t have joint contr<span class=\"_ _0\"></span>ol of the arrang<span class=\"_ _0\"></span>ement have rights to the assets, and obliga<span class=\"_ _0\"></span>tions for the lia<span class=\"_ _0\"></span>bilities, re<span class=\"_ _0\"></span>lating to the arr<span class=\"_ _0\"></span>angement. <span class=\"_ _2\"></span>\ue618ose parties are called joint oper<span class=\"_ _0\"></span>ators.\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements include the assets that the Group contr<span class=\"_ _0\"></span>ols and the liabilities that it incurs in the course of pursuing the joint opera<span class=\"_ _0\"></span>tion and the expenses that the Group incurs and its sh<span class=\"_ _0\"></span>are of the income that it e<span class=\"_ _0\"></span>arns from the joint operation.B. Joint ventureA joint ventur<span class=\"_ _0\"></span>e is a joint arrang<span class=\"_ _0\"></span>ement whereb<span class=\"_ _0\"></span>y the parties tha<span class=\"_ _0\"></span>t have joint contr<span class=\"_ _0\"></span>ol of the arrangement h<span class=\"_ _0\"></span>ave rights to the net assets of the arrang<span class=\"_ _0\"></span>ement. <span class=\"_ _2\"></span>\ue618ose parties are called joint ventur<span class=\"_ _0\"></span>ers.\ue618e Group as joint ventur<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>ecognizes its interest in a joint <span class=\"_ _0\"></span>venture as an in<span class=\"_ _0\"></span>vestment that is accounte<span class=\"_ _0\"></span>d for usin<span class=\"_ _0\"></span>g the equity method (see Note 50<span class=\"_ _2\"></span>.1.6).50.<span class=\"_ _2\"></span>1.8 T<span class=\"_ _2\"></span>ransactions eliminated on consolidationIntragr<span class=\"_ _0\"></span>oup balances and tr<span class=\"_ _0\"></span>ansactions, including income<span class=\"_ _2\"></span>, expenses and dividends,<span class=\"_ _0\"></span> are eliminate<span class=\"_ _0\"></span>d in full. Unr<span class=\"_ _0\"></span>ealized pr<span class=\"_ _0\"></span>o\ue615ts and losses resulting fr<span class=\"_ _0\"></span>om intragr<span class=\"_ _0\"></span>oup transactions th<span class=\"_ _0\"></span>at are recogniz<span class=\"_ _0\"></span>ed in assets, such as in<span class=\"_ _2\"></span>ventory and \ue615xed assets, are e<span class=\"_ _0\"></span>lim<span class=\"ws1\">-</span>inated in full.Unre<span class=\"_ _0\"></span>alized gains arising fr<span class=\"_ _0\"></span>om transactions <span class=\"_ _0\"></span>with equity-a<span class=\"_ _0\"></span>ccounted inves<span class=\"_ _0\"></span>tees are eliminate<span class=\"_ _0\"></span>d against the inv<span class=\"_ _0\"></span>estment to the extent of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s interest in the in<span class=\"_ _0\"></span>vestee<span class=\"_ _0\"></span>. Unr<span class=\"_ _0\"></span>ealize<span class=\"_ _0\"></span>d losses are elimina<span class=\"_ _0\"></span>ted in the same w<span class=\"_ _0\"></span>ay as unre<span class=\"_ _0\"></span>alized gains,<span class=\"_ _0\"></span> but only to the extent that ther<span class=\"_ _0\"></span>e is no evidence of impairment.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__114": {
   "value": "50.<span class=\"_ _2\"></span>1.1 Business combinationsBusiness combinations are a<span class=\"_ _0\"></span>ccounted for usin<span class=\"_ _0\"></span>g the acquisition method as at the acquisition date<span class=\"_ _2\"></span>, which is the date on which control is tr<span class=\"_ _0\"></span>ansferred to the Gr<span class=\"_ _0\"></span>oup.Control is the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> the right that gives the Compan<span class=\"_ _0\"></span>y the ability to direct the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant activities of rel<span class=\"_ _0\"></span>at<span class=\"ws1\">-</span>ed entity<span class=\"_ _2\"></span>, and is e<span class=\"_ _0\"></span>xposed to or h<span class=\"_ _0\"></span>as rights to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and has the a<span class=\"_ _0\"></span>bility to a\ue614ect those returns through its po<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> over<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>.Goodwill is not amortized but tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment on an annual basis and w<span class=\"_ _0\"></span>henever ther<span class=\"_ _0\"></span>e is an indication that the cash-gener<span class=\"_ _0\"></span>ating unit to which goodw<span class=\"_ _0\"></span>ill has been allocated ma<span class=\"_ _0\"></span>y be impaire<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e impairment testing process is described in the appropriate section of these policies.<span class=\"_ _0\"></span> Goodwill is stated at cos<span class=\"_ _0\"></span>t less accumulated imp<span class=\"_ _0\"></span>airment losses. <span class=\"_ _0\"></span>With respect to associates,<span class=\"_ _0\"></span> the carrying amount of goodwill is included in the carrying amount of the in<span class=\"_ _0\"></span>vestment.\ue618e Group meas<span class=\"_ _0\"></span>ures goodwill a<span class=\"_ _0\"></span>t the acquisition date as: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of the consider<span class=\"_ _2\"></span>ation transferred; plus</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws42\">the recognized amount of an<span class=\"_ _0\"></span>y non-controlling inter<span class=\"_ _0\"></span>ests in the acquiree; and if the business combina<span class=\"_ _0\"></span>tion is achieved in </span></span>stages,<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of the e<span class=\"_ _0\"></span>xisting equity interes<span class=\"_ _0\"></span>t in the acquiree; less <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the net fair<span class=\"_ _0\"></span> value of the identi\ue615a<span class=\"_ _0\"></span>ble assets acquired and li<span class=\"_ _0\"></span>abilities assumed.</span></span>When the excess is neg<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, a b<span class=\"_ _0\"></span>argain purchase gain is r<span class=\"_ _0\"></span>ecognized immedia<span class=\"_ _0\"></span>tely in pro\ue615t or<span class=\"_ _0\"></span> loss. <span class=\"_ _0\"></span>Any conting<span class=\"_ _0\"></span>ent consid<span class=\"ws1\">-</span>eration p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able is recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue at the acquisition date<span class=\"_ _2\"></span>. Subsequent changes to the fair<span class=\"_ _2\"></span> value of the contingent consideration r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss.Costs rel<span class=\"_ _0\"></span>ated to the acquisition are e<span class=\"_ _0\"></span>xpensed as incurred.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__113": {
   "value": "50.<span class=\"_ _2\"></span>1.1 Business combinationsBusiness combinations are a<span class=\"_ _0\"></span>ccounted for usin<span class=\"_ _0\"></span>g the acquisition method as at the acquisition date<span class=\"_ _2\"></span>, which is the date on which control is tr<span class=\"_ _0\"></span>ansferred to the Gr<span class=\"_ _0\"></span>oup.Control is the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> the right that gives the Compan<span class=\"_ _0\"></span>y the ability to direct the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant activities of rel<span class=\"_ _0\"></span>at<span class=\"ws1\">-</span>ed entity<span class=\"_ _2\"></span>, and is e<span class=\"_ _0\"></span>xposed to or h<span class=\"_ _0\"></span>as rights to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and has the a<span class=\"_ _0\"></span>bility to a\ue614ect those returns through its po<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span> over<span class=\"_ _0\"></span> the entity<span class=\"_ _2\"></span>.Goodwill is not amortized but tes<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>airment on an annual basis and w<span class=\"_ _0\"></span>henever ther<span class=\"_ _0\"></span>e is an indication that the cash-gener<span class=\"_ _0\"></span>ating unit to which goodw<span class=\"_ _0\"></span>ill has been allocated ma<span class=\"_ _0\"></span>y be impaire<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e impairment testing process is described in the appropriate section of these policies.<span class=\"_ _0\"></span> Goodwill is stated at cos<span class=\"_ _0\"></span>t less accumulated imp<span class=\"_ _0\"></span>airment losses. <span class=\"_ _0\"></span>With respect to associates,<span class=\"_ _0\"></span> the carrying amount of goodwill is included in the carrying amount of the in<span class=\"_ _0\"></span>vestment.\ue618e Group meas<span class=\"_ _0\"></span>ures goodwill a<span class=\"_ _0\"></span>t the acquisition date as: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of the consider<span class=\"_ _2\"></span>ation transferred; plus</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws42\">the recognized amount of an<span class=\"_ _0\"></span>y non-controlling inter<span class=\"_ _0\"></span>ests in the acquiree; and if the business combina<span class=\"_ _0\"></span>tion is achieved in </span></span>stages,<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of the e<span class=\"_ _0\"></span>xisting equity interes<span class=\"_ _0\"></span>t in the acquiree; less <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the net fair<span class=\"_ _0\"></span> value of the identi\ue615a<span class=\"_ _0\"></span>ble assets acquired and li<span class=\"_ _0\"></span>abilities assumed.</span></span>When the excess is neg<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, a b<span class=\"_ _0\"></span>argain purchase gain is r<span class=\"_ _0\"></span>ecognized immedia<span class=\"_ _0\"></span>tely in pro\ue615t or<span class=\"_ _0\"></span> loss. <span class=\"_ _0\"></span>Any conting<span class=\"_ _0\"></span>ent consid<span class=\"ws1\">-</span>eration p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able is recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue at the acquisition date<span class=\"_ _2\"></span>. Subsequent changes to the fair<span class=\"_ _2\"></span> value of the contingent consideration r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss.Costs rel<span class=\"_ _0\"></span>ated to the acquisition are e<span class=\"_ _0\"></span>xpensed as incurred.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__115": {
   "value": "50.<span class=\"_ _2\"></span>1.2 Discontinued op<span class=\"_ _22\"></span>erationsA discontinued oper<span class=\"_ _0\"></span>ation is a component of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s business, the oper<span class=\"_ _2\"></span>ations and cash \ue617ows which can be clearly dis<span class=\"ws1\">-</span>tinguished from the r<span class=\"_ _0\"></span>est of the Group and which: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">represents a sep<span class=\"_ _0\"></span>arate ma<span class=\"_ _0\"></span>jor line of business or<span class=\"_ _0\"></span> geogr<span class=\"_ _0\"></span>aphic area of oper<span class=\"_ _2\"></span>ations;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">is part of a single co-or<span class=\"_ _0\"></span>dinated plan to dispose of a separ<span class=\"_ _2\"></span>ate major line of business or<span class=\"_ _0\"></span> geographic ar<span class=\"_ _0\"></span>ea of oper<span class=\"_ _0\"></span>ations; or</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">is a subsidiary acquired e<span class=\"_ _0\"></span>xclusively<span class=\"_ _0\"></span> with a v<span class=\"_ _0\"></span>iew to resale<span class=\"_ _0\"></span>.</span></span>Classi\ue615cation as a discontinued oper<span class=\"_ _2\"></span>ation occurs at the earlier of disposal or<span class=\"_ _0\"></span> when an oper<span class=\"_ _0\"></span>ation meets the criteria to be reclassi\ue615ed as he<span class=\"_ _0\"></span>ld-for-sale<span class=\"_ _2\"></span>.When an operation is cl<span class=\"_ _0\"></span>assi\ue615ed as a discontinued oper<span class=\"_ _0\"></span>ation, the comp<span class=\"_ _0\"></span>arativ<span class=\"_ _0\"></span>e statement of pro\ue615t or<span class=\"_ _0\"></span> loss and OCI is re-<span class=\"ws1\"> </span>presented as if the oper<span class=\"_ _0\"></span>ation has been discontinued from the start of the comp<span class=\"_ _0\"></span>arativ<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__116": {
   "value": "50.<span class=\"_ _2\"></span>1.3 Measurement of non-controlling interestsNon-controlling inter<span class=\"_ _0\"></span>ests are meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> proportionate sh<span class=\"_ _0\"></span>are of the acquirees identi\ue615able net as<span class=\"_ _0\"></span>sets at the date <span class=\"_ _20\"></span><span class=\"ws1\"> </span>of acquisition. Chang<span class=\"_ _0\"></span>es in the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s interest in a subsidiary tha<span class=\"_ _0\"></span>t do not result in the loss of control ar<span class=\"_ _0\"></span>e accounted for<span class=\"_ _0\"></span> as equity tr<span class=\"_ _0\"></span>ansactions. When the Gr<span class=\"_ _0\"></span>oup loses control ov<span class=\"_ _0\"></span>er a subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>, it derecognizes the assets and li<span class=\"_ _0\"></span>abilities of the subsid<span class=\"ws1\">-</span>iary<span class=\"_ _2\"></span>, and any<span class=\"_ _0\"></span> related NCI and other<span class=\"_ _2\"></span> components of the equity<span class=\"_ _2\"></span>. Any r<span class=\"_ _0\"></span>esulting gain or<span class=\"_ _0\"></span> loss is recognised in pr<span class=\"_ _0\"></span>o\ue615t or loss.<span class=\"_ _2\"></span> Any interest retaine<span class=\"_ _0\"></span>d in the former subsidi<span class=\"_ _0\"></span>ary is measure<span class=\"_ _0\"></span>d at fair<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>when control is lost.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__117": {
   "value": "50.<span class=\"_ _2\"></span>1.4 SubsidiariesA subsidiary is an entity contr<span class=\"_ _0\"></span>olled by the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Control exis<span class=\"_ _0\"></span>ts when the Compan<span class=\"_ _0\"></span>y has the pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver the entit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, i.<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> the right that gives the C<span class=\"_ _0\"></span>ompany the a<span class=\"_ _0\"></span>bility to direct the r<span class=\"_ _0\"></span>elevant a<span class=\"_ _0\"></span>ctivities of relate<span class=\"_ _0\"></span>d entity<span class=\"_ _2\"></span>, and is expose<span class=\"_ _0\"></span>d to or has rig<span class=\"_ _0\"></span>hts to v<span class=\"_ _0\"></span>ariable returns fr<span class=\"_ _0\"></span>om its involv<span class=\"_ _0\"></span>ement with the entity and h<span class=\"_ _0\"></span>as the ability to a\ue614ect those r<span class=\"_ _0\"></span>eturns through its pow<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ver the entity<span class=\"_ _2\"></span>.\ue618e \ue615nancial statements of a subsidiary ar<span class=\"_ _0\"></span>e included in the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements from the acquisition da<span class=\"_ _0\"></span>te until the date when the p<span class=\"_ _0\"></span>arent ceases to contr<span class=\"_ _0\"></span>ol the subsidiary<span class=\"_ _2\"></span>.Changes in a parent\u2019<span class=\"_ _0\"></span>s ownership interest in a subsidiary that do not result in a loss of controlChanges in a p<span class=\"_ _0\"></span>arent\u2019<span class=\"_ _1\"></span>s ownership interest in a subsidiary that do not r<span class=\"_ _0\"></span>esult in a loss of control are accounte<span class=\"_ _0\"></span>d for as equit<span class=\"_ _0\"></span>y transactions (i.<span class=\"_ _2\"></span>e. tr<span class=\"_ _0\"></span>ansactions with o<span class=\"_ _0\"></span>wners in their cap<span class=\"_ _0\"></span>acity as o<span class=\"_ _0\"></span>wners).In such circumstances,<span class=\"_ _0\"></span> the carrying amounts of the controlling and non-controllin<span class=\"_ _0\"></span>g interests shall be adjus<span class=\"_ _0\"></span>ted to re\ue617ect the changes in their<span class=\"_ _2\"></span> relative interests in the s<span class=\"_ _0\"></span>ubsidiary<span class=\"_ _2\"></span>. Adjustments to non-contr<span class=\"_ _0\"></span>olling interests arising fr<span class=\"_ _0\"></span>om transactions tha<span class=\"_ _0\"></span>t do not involv<span class=\"_ _0\"></span>e the loss of control are b<span class=\"_ _0\"></span>ased on a proportionate amount of the net assets of the subsidi<span class=\"_ _0\"></span>ary<span class=\"_ _2\"></span>. Any<span class=\"_ _0\"></span> di\ue614erence between the amount by<span class=\"_ _0\"></span> which the non-controlling inter<span class=\"_ _0\"></span>ests are adjuste<span class=\"_ _0\"></span>d and the fair <span class=\"_ _0\"></span>value of the consider<span class=\"_ _0\"></span>ation paid or<span class=\"_ _0\"></span> received,<span class=\"_ _2\"></span> shall be recognized in equity and attributed to the o<span class=\"_ _0\"></span>wners of the parent.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__118": {
   "value": "50.<span class=\"_ _2\"></span>1.6 Investments in associatesAn associate is an entity in <span class=\"_ _0\"></span>which the Compan<span class=\"_ _0\"></span>y has signi\ue615cant in\ue617uence and that is neither<span class=\"_ _0\"></span> a subsidiary nor<span class=\"_ _0\"></span> an interest in a joint venture<span class=\"_ _2\"></span>. Signi\ue615cant in\ue617uence is presumed to e<span class=\"_ _0\"></span>xist when the Compan<span class=\"_ _2\"></span>y holds between 20% and 50% of the voting po<span class=\"_ _0\"></span>wer of another entity<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> An inv<span class=\"_ _0\"></span>estment in an associate is a<span class=\"_ _0\"></span>ccounted for<span class=\"_ _0\"></span> using the equity method from the d<span class=\"_ _0\"></span>ate on which it becomes an associate and is recogniz<span class=\"_ _0\"></span>ed initially at cost.<span class=\"_ _2\"></span> \ue618e cost of the inv<span class=\"_ _0\"></span>estment includes transaction cos<span class=\"_ _0\"></span>ts. On acquisition of the inves<span class=\"_ _0\"></span>tment, any<span class=\"_ _0\"></span> di\ue614erence betw<span class=\"_ _0\"></span>een the cost of the investment and the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s share of the net fair v<span class=\"_ _2\"></span>alue of the associate\u2019<span class=\"_ _1\"></span>s<span class=\"_ _22\"></span> identi\ue615able assets and liabilities is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>ollows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Goodwill rel<span class=\"_ _0\"></span>ating to an associate is included in the carryin<span class=\"_ _0\"></span>g amount of the investment;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws8b\">Any e<span class=\"_ _0\"></span>xcess of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s share of the net f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of the associate\u2019<span class=\"_ _1\"></span>s identi\ue615able assets and liabilities over<span class=\"_ _2\"></span> the cost of </span></span>the inves<span class=\"_ _0\"></span>tment is included as income in the determination of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s share of the associ<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s pro\ue615t or<span class=\"_ _0\"></span> loss in the period in which the inv<span class=\"_ _0\"></span>estment is acquired.Elimination of unrealized pro\ue61fts and losses on transactions with associatesPro\ue615ts and losses r<span class=\"_ _0\"></span>esulting from upstr<span class=\"_ _0\"></span>eam and dow<span class=\"_ _0\"></span>nstream tr<span class=\"_ _2\"></span>ansactions between the Compan<span class=\"_ _0\"></span>y \u2013 included its consolidated subsidiaries \u2013 and an associate mus<span class=\"_ _0\"></span>t be eliminated to the extent of the Comp<span class=\"_ _0\"></span>any\u2019<span class=\"_ _1\"></span>s interest in the associate<span class=\"_ _0\"></span>.Upstre<span class=\"_ _2\"></span>am transactions are<span class=\"_ _0\"></span>, for<span class=\"_ _2\"></span> example,<span class=\"_ _0\"></span> sales of assets from an associate to the Comp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Downstre<span class=\"_ _2\"></span>am transactions are<span class=\"_ _0\"></span>, for<span class=\"_ _0\"></span> example<span class=\"_ _2\"></span>, sales of assets from the Compan<span class=\"_ _0\"></span>y to an associate<span class=\"_ _2\"></span>.When an investment ceases to be an associateFrom the date w<span class=\"_ _0\"></span>hen the Company<span class=\"_ _0\"></span> ceases to ha<span class=\"_ _0\"></span>ve signi\ue615cant in\ue617uence over<span class=\"_ _2\"></span> an associate,<span class=\"_ _0\"></span> it accounts for<span class=\"_ _0\"></span> related in<span class=\"_ _2\"></span>vestment in accordance <span class=\"_ _0\"></span>with IFRS 9 from th<span class=\"_ _0\"></span>at date<span class=\"_ _0\"></span>. On the loss of signi\ue615cant in\ue617uence<span class=\"_ _2\"></span>, the Company <span class=\"_ _0\"></span>measures a<span class=\"_ _0\"></span>t fair <span class=\"_ _0\"></span>value an<span class=\"_ _2\"></span>y invest<span class=\"ls1 ws1\">-</span>ment the Compan<span class=\"_ _0\"></span>y retains in the former<span class=\"_ _0\"></span> associate<span class=\"_ _2\"></span>.\ue618e Compan<span class=\"_ _0\"></span>y recognizes in pr<span class=\"_ _0\"></span>o\ue615t or loss an<span class=\"_ _0\"></span>y di\ue614erence bet<span class=\"_ _0\"></span>ween: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the fair<span class=\"_ _0\"></span> value of an<span class=\"_ _0\"></span>y retained in<span class=\"_ _0\"></span>vestment and an<span class=\"_ _0\"></span>y proceeds fr<span class=\"_ _0\"></span>om disposing of the (partial) interes<span class=\"_ _0\"></span>t in the associate; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the carrying amount of the inves<span class=\"_ _0\"></span>tment at the date when signi\ue615cant in\ue617uence is lost.</span></span>Amounts recognized in OCI in r<span class=\"_ _0\"></span>elation to the associa<span class=\"_ _0\"></span>te or joint v<span class=\"_ _0\"></span>enture are accounte<span class=\"_ _0\"></span>d for on the same b<span class=\"_ _0\"></span>asis as would be re<span class=\"ls1 ws1\">-</span>quired if the inv<span class=\"_ _0\"></span>estee had disposed of the re<span class=\"_ _0\"></span>lated assets and lia<span class=\"_ _0\"></span>bilities directly<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__119": {
   "value": "50.<span class=\"_ _2\"></span>1.7 Jointly controlled entities and jointly controlled operationsA joint arr<span class=\"_ _0\"></span>angement is an arr<span class=\"_ _0\"></span>angement of which tw<span class=\"_ _0\"></span>o or mor<span class=\"_ _0\"></span>e parties hav<span class=\"_ _0\"></span>e joint control. Joint contr<span class=\"_ _0\"></span>ol is the contractu<span class=\"_ _0\"></span>ally agreed sharing of contr<span class=\"_ _0\"></span>ol of an arrangement,<span class=\"_ _2\"></span> which exists only when decisions about the r<span class=\"_ _0\"></span>elevant a<span class=\"_ _0\"></span>ctivities require the unanimous consent of the parties sharing contr<span class=\"_ _0\"></span>ol. Depending upon the rights and obliga<span class=\"_ _0\"></span>tions of the parties to the arran<span class=\"_ _0\"></span>ge<span class=\"ws1\">-</span>ment, the joint arr<span class=\"_ _0\"></span>angement is classi\ue615e<span class=\"_ _0\"></span>d either as a joint oper<span class=\"_ _0\"></span>ation or<span class=\"_ _0\"></span> a joint venture<span class=\"_ _2\"></span>.A. Joint operationA joint oper<span class=\"_ _0\"></span>ation is a joint arrang<span class=\"_ _0\"></span>ement where<span class=\"_ _0\"></span>by the parties tha<span class=\"_ _0\"></span>t have joint contr<span class=\"_ _0\"></span>ol of the arrang<span class=\"_ _0\"></span>ement have rights to the assets, and obliga<span class=\"_ _0\"></span>tions for the lia<span class=\"_ _0\"></span>bilities, re<span class=\"_ _0\"></span>lating to the arr<span class=\"_ _0\"></span>angement. <span class=\"_ _2\"></span>\ue618ose parties are called joint oper<span class=\"_ _0\"></span>ators.\ue618e consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements include the assets that the Group contr<span class=\"_ _0\"></span>ols and the liabilities that it incurs in the course of pursuing the joint opera<span class=\"_ _0\"></span>tion and the expenses that the Group incurs and its sh<span class=\"_ _0\"></span>are of the income that it e<span class=\"_ _0\"></span>arns from the joint operation.B. Joint ventureA joint ventur<span class=\"_ _0\"></span>e is a joint arrang<span class=\"_ _0\"></span>ement whereb<span class=\"_ _0\"></span>y the parties tha<span class=\"_ _0\"></span>t have joint contr<span class=\"_ _0\"></span>ol of the arrangement h<span class=\"_ _0\"></span>ave rights to the net assets of the arrang<span class=\"_ _0\"></span>ement. <span class=\"_ _2\"></span>\ue618ose parties are called joint ventur<span class=\"_ _0\"></span>ers.\ue618e Group as joint ventur<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>ecognizes its interest in a joint <span class=\"_ _0\"></span>venture as an in<span class=\"_ _0\"></span>vestment that is accounte<span class=\"_ _0\"></span>d for usin<span class=\"_ _0\"></span>g the equity method (see Note 50<span class=\"_ _2\"></span>.1.6).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__121": {
   "value": "50.2 F<span class=\"_ _2\"></span>oreign currencyItems included in the \ue615nancial statements of e<span class=\"_ _0\"></span>ach of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s entities are me<span class=\"_ _0\"></span>asured usin<span class=\"_ _0\"></span>g the currency of the prima<span class=\"ws1\">-</span>ry economic envir<span class=\"_ _0\"></span>onment in which the entity oper<span class=\"_ _0\"></span>ates (\u2018the function<span class=\"_ _0\"></span>al currency\u2019). <span class=\"_ _2\"></span>\ue618e consolidated \ue615nancial statements are presented in E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, which is the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s functional and presentation currency<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__120": {
   "value": "50.2 F<span class=\"_ _2\"></span>oreign currencyItems included in the \ue615nancial statements of e<span class=\"_ _0\"></span>ach of the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s entities are me<span class=\"_ _0\"></span>asured usin<span class=\"_ _0\"></span>g the currency of the prima<span class=\"ws1\">-</span>ry economic envir<span class=\"_ _0\"></span>onment in which the entity oper<span class=\"_ _0\"></span>ates (\u2018the function<span class=\"_ _0\"></span>al currency\u2019). <span class=\"_ _2\"></span>\ue618e consolidated \ue615nancial statements are presented in E<span class=\"_ _0\"></span>uro<span class=\"_ _0\"></span>, which is the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _1\"></span>s functional and presentation currency<span class=\"_ _2\"></span>.50.2.<span class=\"_ _2\"></span>1 Foreign currency transactionsAll transactions in curr<span class=\"_ _0\"></span>encies other th<span class=\"_ _0\"></span>an the functional currency are f<span class=\"_ _0\"></span>oreign currency tr<span class=\"_ _2\"></span>ansactions. For<span class=\"_ _0\"></span>eign currency trans<span class=\"ws1\">-</span>actions are tr<span class=\"_ _0\"></span>anslated into the functional curr<span class=\"_ _0\"></span>ency using the ex<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ates prev<span class=\"_ _2\"></span>ailing at the dates of the transactions.<span class=\"_ _0\"></span> For<span class=\"_ _0\"></span>eign currency gains and losses r<span class=\"_ _0\"></span>esulting from the settlement of such tr<span class=\"_ _2\"></span>ansactions and from the translation at <span class=\"_ _0\"></span>closing rates of monetary assets and lia<span class=\"_ _0\"></span>bilities denominated in foreign curr<span class=\"_ _0\"></span>encies are recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss. Ho<span class=\"_ _0\"></span>wever<span class=\"_ _2\"></span>, for<span class=\"_ _0\"></span>eign currency di\ue614erences arisin<span class=\"_ _0\"></span>g from the transl<span class=\"_ _0\"></span>ation of the followin<span class=\"_ _0\"></span>g items are recognize<span class=\"_ _0\"></span>d in OCI: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsd\"> An inv<span class=\"_ _0\"></span>estment in equity securities designate<span class=\"_ _0\"></span>d as at FV<span class=\"_ _2\"></span>OCI (except on impairment,<span class=\"_ _0\"></span> in which case foreign curr<span class=\"_ _0\"></span>ency di\ue614er<span class=\"ws1\">-</span></span></span>ences that hav<span class=\"_ _0\"></span>e been recognized in OCI ar<span class=\"_ _0\"></span>e reclassi\ue615e<span class=\"_ _0\"></span>d to pro\ue615t or los<span class=\"_ _0\"></span>s); <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Qualifying cash \ue617ow<span class=\"_ _0\"></span> hedges to the extent tha<span class=\"_ _0\"></span>t the hedges are e\ue614<span class=\"_ _0\"></span>ective<span class=\"_ _0\"></span>.</span></span>Non-monetary assets and liabilities me<span class=\"_ _0\"></span>asured at historical cos<span class=\"_ _0\"></span>t that are denomina<span class=\"_ _0\"></span>ted in foreign currencies ar<span class=\"_ _0\"></span>e transla<span class=\"_ _0\"></span>ted using the exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate at the date of the tr<span class=\"_ _0\"></span>ansaction.50.2.2 F<span class=\"_ _2\"></span>oreign op<span class=\"_ _22\"></span>erationsA foreign oper<span class=\"_ _2\"></span>ation is an entity that is a subsidiary<span class=\"_ _2\"></span>, associa<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> joint ventur<span class=\"_ _0\"></span>e or br<span class=\"_ _0\"></span>anch of the Compan<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, of which the activ<span class=\"_ _0\"></span>i<span class=\"ws1\">-</span>ties are based or<span class=\"_ _2\"></span> conducted in a currency other than the E<span class=\"_ _0\"></span>uro.\ue618e \ue615nancial statements of for<span class=\"_ _0\"></span>eign operations ar<span class=\"_ _0\"></span>e transla<span class=\"_ _0\"></span>ted for the purpose of the consolida<span class=\"_ _0\"></span>tion as follows: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Assets and liabilities are tr<span class=\"_ _2\"></span>anslated at the closing ra<span class=\"_ _0\"></span>te;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">Income and expenses are tr<span class=\"_ _2\"></span>anslated at aver<span class=\"_ _0\"></span>age ye<span class=\"_ _2\"></span>ar-to-date exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ates; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa9\">Equity components are tr<span class=\"_ _2\"></span>anslated at historical ra<span class=\"_ _0\"></span>tes, ex<span class=\"_ _0\"></span>cluding current ye<span class=\"_ _2\"></span>ar movements,<span class=\"_ _0\"></span> which are tr<span class=\"_ _0\"></span>anslated at r<span class=\"_ _2\"></span>ates </span></span>approxima<span class=\"_ _0\"></span>ting the rate a<span class=\"_ _0\"></span>t the time of the transaction.All resulting e<span class=\"_ _0\"></span>xchange di\ue614<span class=\"_ _0\"></span>erences are r<span class=\"_ _0\"></span>ecognized in other<span class=\"_ _0\"></span> comprehensive income and accumul<span class=\"_ _0\"></span>ated in a separ<span class=\"_ _0\"></span>ate com<span class=\"ws1\">-</span>ponent of equity being \u2018T<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>anslation reserve\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618e amount attributable to any non-contr<span class=\"_ _0\"></span>olling interests is allocate<span class=\"_ _0\"></span>d to and recognized as p<span class=\"_ _0\"></span>art of non-controlling interests.On the disposal of a foreign oper<span class=\"_ _0\"></span>ation, the cumulativ<span class=\"_ _0\"></span>e amount of the exchan<span class=\"_ _0\"></span>ge di\ue614erences r<span class=\"_ _0\"></span>elating to that f<span class=\"_ _0\"></span>oreign oper<span class=\"_ _0\"></span>a<span class=\"ws1\">-</span>tion, recogniz<span class=\"_ _0\"></span>ed in other compr<span class=\"_ _0\"></span>ehensive income and accumul<span class=\"_ _0\"></span>ated in the separ<span class=\"_ _0\"></span>ate component of equity<span class=\"_ _2\"></span>, is r<span class=\"_ _0\"></span>eclassi\ue615ed from equity to pro\ue615t or<span class=\"_ _2\"></span> loss when the gain or loss on disposal is r<span class=\"_ _0\"></span>ecognized.On the partial disposal of a subsidiary that includes a f<span class=\"_ _0\"></span>oreign opera<span class=\"_ _0\"></span>tion, the proportion<span class=\"_ _0\"></span>ate share of the cumulativ<span class=\"_ _0\"></span>e amount of the exchang<span class=\"_ _0\"></span>e di\ue614erences recogniz<span class=\"_ _0\"></span>ed in other<span class=\"_ _0\"></span> comprehensive income is r<span class=\"_ _0\"></span>e-attributed to non-controlling inter<span class=\"_ _0\"></span>ests in that foreign oper<span class=\"_ _0\"></span>ation. <span class=\"_ _0\"></span>Any other<span class=\"_ _0\"></span> partial disposal of a for<span class=\"_ _0\"></span>eign operation \u2013 r<span class=\"_ _0\"></span>elated to an associ<span class=\"_ _0\"></span>ate,<span class=\"_ _2\"></span> joint venture or br<span class=\"_ _0\"></span>anch of the Compan<span class=\"_ _0\"></span>y \u2013 results in a recl<span class=\"_ _0\"></span>assi\ue615cation to pro\ue615t or<span class=\"_ _0\"></span> loss of the proportionate sh<span class=\"_ _0\"></span>are of the cumulative amount of the ex<span class=\"_ _0\"></span>change di\ue614erences recogniz<span class=\"_ _0\"></span>ed in other compr<span class=\"_ _0\"></span>ehensive income<span class=\"_ _2\"></span>.A partial disposal of an entity\u2019<span class=\"_ _1\"></span>s interest in a foreign oper<span class=\"_ _0\"></span>ation is any r<span class=\"_ _0\"></span>eduction in an entity\u2019<span class=\"_ _2\"></span>s o<span class=\"_ _0\"></span>wnership interest in a for<span class=\"_ _0\"></span>eign operation,<span class=\"_ _2\"></span> except for those r<span class=\"_ _0\"></span>eductions resulting in: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of control of a subsidiary;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of signi\ue615cant in\ue617uence over<span class=\"_ _2\"></span> an associate;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the loss of joint control ov<span class=\"_ _0\"></span>er a joint arr<span class=\"_ _0\"></span>angement.</span></span>\ue618ese reductions are a<span class=\"_ _0\"></span>ccounted for as disposals r<span class=\"_ _0\"></span>esulting in a recl<span class=\"_ _0\"></span>assi\ue615cation from other<span class=\"_ _0\"></span> comprehensive income to pr<span class=\"_ _0\"></span>o\ue615t or loss of the cumulative amount of the ex<span class=\"_ _0\"></span>change di\ue614er<span class=\"_ _0\"></span>ences rela<span class=\"_ _0\"></span>ting to that foreign oper<span class=\"_ _2\"></span>ation.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__122-1": {
   "value": "50.3 Revenue from contracts with customersRevenue from contr<span class=\"_ _2\"></span>acts with customers is recognize<span class=\"_ _0\"></span>d according to the criteria set in IFR<span class=\"_ _0\"></span>S 15 <span class=\"ff11 ws59\">Rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h </span>customers<span class=\"ff1 ws5e\">.<span class=\"_ _0\"></span> In recognizing rev<span class=\"_ _0\"></span>enue from contr<span class=\"_ _0\"></span>acts with customers a \ue615v<span class=\"_ _0\"></span>e-step approa<span class=\"_ _0\"></span>ch is to be applied: \ue615rst the contr<span class=\"_ _0\"></span>act </span>with the customer<span class=\"_ _0\"></span> should be identi\ue615ed; then the distinct performance obliga<span class=\"_ _0\"></span>tions in the contract should be identi\ue615e<span class=\"_ _0\"></span>d; as a third step the tr<span class=\"_ _2\"></span>ansaction price should be determined; then the transaction price should be allocated to the distinct perf<span class=\"_ _0\"></span>or<span class=\"ws1\">-</span>mance obligations in the contr<span class=\"_ _0\"></span>act; and \ue615nally rev<span class=\"_ _0\"></span>enue is recognize<span class=\"_ _0\"></span>d when the distinct performance obliga<span class=\"_ _0\"></span>tion is satis\ue615ed. \ue618e standard mor<span class=\"_ _0\"></span>eover<span class=\"_ _2\"></span> speci\ue615es whether revenue should be r<span class=\"_ _0\"></span>ecognized at a certain point in time or<span class=\"_ _2\"></span> over a period of time<span class=\"_ _0\"></span>.Revenue is recor<span class=\"_ _2\"></span>ded net of sales taxes, customer discounts and r<span class=\"_ _0\"></span>ebates.\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s policy distinguishes rev<span class=\"_ _0\"></span>enue from the sale of goods,<span class=\"_ _0\"></span> the rendering of services and multiple-element arr<span class=\"_ _0\"></span>angements.Revenue from the sale of g<span class=\"_ _0\"></span>oods comprises revenue fr<span class=\"_ _0\"></span>om the sale of consumables, chemicals,<span class=\"_ _0\"></span> spare p<span class=\"_ _0\"></span>arts, standalone equipment and softw<span class=\"_ _0\"></span>are licenses. R<span class=\"_ _0\"></span>evenue from the r<span class=\"_ _0\"></span>endering of services includes installation services, m<span class=\"_ _0\"></span>aintenance and post-contra<span class=\"_ _0\"></span>ct support services. <span class=\"_ _2\"></span>\ue618e Group also enters into arrangements combinin<span class=\"_ _0\"></span>g multiple deliver<span class=\"_ _0\"></span>ables such as softw<span class=\"_ _2\"></span>are, hardw<span class=\"_ _2\"></span>are/<span class=\"_ _2\"></span>equipment and services, including trainin<span class=\"_ _0\"></span>g,<span class=\"_ _0\"></span> maintenance and post-contr<span class=\"_ _0\"></span>act customer s<span class=\"_ _0\"></span>upport, the <span class=\"_ _0\"></span>\u2018multiple-e<span class=\"_ _0\"></span>l<span class=\"ws1\">-</span>ement arrang<span class=\"_ _0\"></span>ements.<span class=\"_ _1\"></span>\u2019 Freight char<span class=\"_ _0\"></span>ged to customers is recogniz<span class=\"_ _0\"></span>ed as rev<span class=\"_ _0\"></span>enue as incurred.A. Sale of goodsRevenue from the sale of g<span class=\"_ _0\"></span>oods is recognized w<span class=\"_ _0\"></span>hen the customer obtains contr<span class=\"_ _0\"></span>ol of the goods and when it is prob<span class=\"_ _0\"></span>able that the agreed tr<span class=\"_ _2\"></span>ansaction price will be collected. In ev<span class=\"_ _2\"></span>aluating whether collectabilit<span class=\"_ _0\"></span>y is proba<span class=\"_ _0\"></span>ble,<span class=\"_ _0\"></span> the entity considers the customer\u2019<span class=\"_ _2\"></span>s ability<span class=\"_ _0\"></span> and intention to pay tha<span class=\"_ _0\"></span>t amount when it is due<span class=\"_ _0\"></span>. Rev<span class=\"_ _0\"></span>enue from the sale of goods is, under<span class=\"_ _2\"></span> IFRS 15, recognized upon de<span class=\"_ _0\"></span>livery followin<span class=\"_ _0\"></span>g applicable freight terms,<span class=\"_ _0\"></span> at a point in time<span class=\"_ _0\"></span>.Revenue from the sale of stand-alone sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e licenses is recognize<span class=\"_ _0\"></span>d at a point in time,<span class=\"_ _2\"></span> at the delivery of the source key<span class=\"_ _2\"></span>. \ue618e license is recognized a<span class=\"_ _0\"></span>t a point in time as the Group prov<span class=\"_ _0\"></span>ides the customer<span class=\"_ _0\"></span> access to and a right to use the intellectual property as it e<span class=\"_ _0\"></span>xists at a point in time<span class=\"_ _0\"></span>.In case volume discounts incentives ar<span class=\"_ _0\"></span>e o\ue614ered to the customer<span class=\"_ _2\"></span>, the e<span class=\"_ _0\"></span>xpected volume r<span class=\"_ _0\"></span>ebates ar<span class=\"_ _0\"></span>e estimated base<span class=\"_ _0\"></span>d on historical experience<span class=\"_ _2\"></span>. \ue618e amount of the v<span class=\"_ _2\"></span>ariable consideration is made b<span class=\"_ _0\"></span>ased on the most like<span class=\"_ _0\"></span>ly amount-method. <span class=\"_ _2\"></span>\ue618e vari<span class=\"_ _0\"></span>able consideration is r<span class=\"_ _0\"></span>ecognized only to the e<span class=\"_ _0\"></span>xtent that it is highly pr<span class=\"_ _0\"></span>obable that a signi\ue615cant r<span class=\"_ _0\"></span>eversal in the amount of cumulative r<span class=\"_ _0\"></span>evenue will not occur<span class=\"_ _2\"></span>.B. Rendering of servicesUnder the IFR<span class=\"_ _0\"></span>S 15 standar<span class=\"_ _0\"></span>d, rev<span class=\"_ _0\"></span>enue from maintenance contr<span class=\"_ _2\"></span>acts is recognized str<span class=\"_ _0\"></span>aight-line over<span class=\"_ _2\"></span> the maintenance period as the customer simultaneously<span class=\"_ _0\"></span> receives and consumes the bene\ue615ts fr<span class=\"_ _0\"></span>om the maintenance ov<span class=\"_ _0\"></span>er time<span class=\"_ _2\"></span>.Revenue from ins<span class=\"_ _0\"></span>tallation and implementation services are r<span class=\"_ _0\"></span>ecognized as render<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e progress is meas<span class=\"_ _0\"></span>ured based on input methods being the labor<span class=\"_ _0\"></span> hours expended to date <span class=\"_ _0\"></span>versus the estima<span class=\"_ _0\"></span>ted hours spend.When in a service contract multiple services ar<span class=\"_ _0\"></span>e o\ue614ered,<span class=\"_ _0\"></span> the total considera<span class=\"_ _0\"></span>tion is allocated to all services based on their<span class=\"_ _2\"></span> stand-alone selling price<span class=\"_ _2\"></span>.C. Multiple-element arrangementsMultiple-element arran<span class=\"_ _0\"></span>gements o\ue614er<span class=\"_ _0\"></span> the customer a combin<span class=\"_ _0\"></span>ation of several de<span class=\"_ _0\"></span>livera<span class=\"_ _0\"></span>bles such as softw<span class=\"_ _0\"></span>are<span class=\"_ _2\"></span>, licenses, hardw<span class=\"_ _2\"></span>are,<span class=\"_ _0\"></span> implementation services and maintenance and post-contr<span class=\"_ _0\"></span>act support services. F<span class=\"_ _2\"></span>or arran<span class=\"_ _0\"></span>gements not requir<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>ing substantive cus<span class=\"_ _0\"></span>tomization of the softw<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, e<span class=\"_ _0\"></span>ach aforementioned deliv<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ble is assumed to qualify as a separ<span class=\"_ _2\"></span>ate per<span class=\"ls1 ws1\">-</span>formance obligation.\ue618e total arrang<span class=\"_ _0\"></span>ement fee is allocated to the distinct perform<span class=\"_ _0\"></span>ance obligations based on the s<span class=\"_ _0\"></span>tand-alone selling prices of the performance obligations.In case discounts are o\ue614ere<span class=\"_ _0\"></span>d, a proportiona<span class=\"_ _0\"></span>te amount is allocated proportionally<span class=\"_ _0\"></span> to each performance oblig<span class=\"_ _0\"></span>ation based on their stand-alone se<span class=\"_ _0\"></span>lling price.Within the He<span class=\"_ _0\"></span>althCare IT<span class=\"_ _2\"></span> and Radiology Solutions business segments, most arr<span class=\"_ _0\"></span>angements do not requir<span class=\"_ _0\"></span>e signi\ue615cant cus<span class=\"ws1\">-</span>tomization of modi\ue615cation.Revenue allocated to the h<span class=\"_ _0\"></span>ardw<span class=\"_ _0\"></span>are portion of the arr<span class=\"_ _0\"></span>angement is recogniz<span class=\"_ _0\"></span>ed on delivery when it cr<span class=\"_ _0\"></span>eates v<span class=\"_ _2\"></span>alue to the cus<span class=\"ws1\">-</span>tomer on a stand-alone b<span class=\"_ _0\"></span>asis. Har<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>are is considered as a distinct perf<span class=\"_ _0\"></span>ormance obligation as there is no tr<span class=\"_ _2\"></span>ansformative relationship bet<span class=\"_ _0\"></span>ween the hardw<span class=\"_ _2\"></span>are and other components of the contr<span class=\"_ _0\"></span>act.Revenue allocated to the sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e component is recognize<span class=\"_ _0\"></span>d after succes<span class=\"_ _0\"></span>sful installation and acceptation a<span class=\"_ _0\"></span>t the client\u2019<span class=\"_ _2\"></span>s premises. <span class=\"_ _2\"></span>\ue618e softwar<span class=\"_ _0\"></span>e license is a distinct performance obligation as the cus<span class=\"_ _0\"></span>tomer can bene\ue615t from the license <span class=\"_ _0\"></span>with re<span class=\"_ _0\"></span>ad<span class=\"ws1\">-</span>ily av<span class=\"_ _2\"></span>ailable resources. <span class=\"_ _2\"></span>\ue618e license is recognized at a point in time as the Group pr<span class=\"_ _0\"></span>ovides the customer<span class=\"_ _2\"></span> access to and a right to use the intellectual property<span class=\"_ _0\"></span> as it exists at a point in time<span class=\"_ _2\"></span>.Revenue from ins<span class=\"_ _0\"></span>tallation and implementation services are r<span class=\"_ _0\"></span>ecognized as render<span class=\"_ _0\"></span>ed. <span class=\"_ _2\"></span>\ue618e progress is meas<span class=\"_ _0\"></span>ured based on input methods being the labor<span class=\"_ _0\"></span> hours expensed to date <span class=\"_ _0\"></span>versus the estima<span class=\"_ _0\"></span>ted hours spend.Extended w<span class=\"_ _2\"></span>arranty whereb<span class=\"_ _0\"></span>y the customer<span class=\"_ _0\"></span> purchases additional <span class=\"_ _0\"></span>warr<span class=\"_ _2\"></span>anty separately<span class=\"_ _1\"></span>, i.e<span class=\"_ _0\"></span>. w<span class=\"_ _2\"></span>arranty that is addin<span class=\"_ _0\"></span>g additional services on top of the legal w<span class=\"_ _0\"></span>arranty or<span class=\"_ _2\"></span> for a longer<span class=\"_ _2\"></span> period than legal warr<span class=\"_ _0\"></span>anty<span class=\"_ _2\"></span>, is consider<span class=\"_ _0\"></span>ed as a distinct performance obli<span class=\"ws1\">-</span>gation within multiple-e<span class=\"_ _0\"></span>lement arrang<span class=\"_ _0\"></span>ements.Revenue recogniz<span class=\"_ _0\"></span>ed for<span class=\"_ _0\"></span> which no billing has y<span class=\"_ _0\"></span>et occurred is recogniz<span class=\"_ _0\"></span>ed in the statement of \ue615nancial position as contr<span class=\"_ _2\"></span>act assets and adv<span class=\"_ _0\"></span>ance payments r<span class=\"_ _0\"></span>eceived for<span class=\"_ _2\"></span> which no revenue has been recogniz<span class=\"_ _0\"></span>ed is presented as contr<span class=\"_ _0\"></span>act liabilities.Within the O\ue614set Solutions and Digital Print &amp; Chemicals div<span class=\"_ _0\"></span>isions, rev<span class=\"_ _0\"></span>enue from sale of equipment that r<span class=\"_ _0\"></span>equire substan<span class=\"ws1\">-</span>tive installation a<span class=\"_ _0\"></span>ctivities is recognize<span class=\"_ _0\"></span>d when the installation of the equipment is \ue615naliz<span class=\"_ _0\"></span>ed in accord<span class=\"_ _0\"></span>ance with the contr<span class=\"_ _0\"></span>ac<span class=\"ws1\">-</span>tually agreed speci\ue615ca<span class=\"_ _0\"></span>tions. Installation services and equipment ar<span class=\"_ _0\"></span>e considered highly<span class=\"_ _0\"></span> interrelated and ar<span class=\"_ _0\"></span>e identi\ue615ed as one performance obligation tha<span class=\"_ _0\"></span>t is recognized at a point in time<span class=\"_ _2\"></span>, i.e<span class=\"_ _2\"></span>. at installation at the client<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s premises.50.20 Contract liabilities\ue618e Group applies IFRS 15 <span class=\"ff11 ws33\">R<span class=\"_ _2\"></span>evenue from contract<span class=\"_ _0\"></span>s with cus<span class=\"_ _0\"></span>tomers<span class=\"ff1 ws77\">, tha<span class=\"_ _0\"></span>t introduced the concept of contra<span class=\"_ _0\"></span>ct assets and contract </span></span>liabilities.Contra<span class=\"_ _0\"></span>ct liabilities comprise deferred r<span class=\"_ _0\"></span>evenue and adv<span class=\"_ _2\"></span>ance payments received fr<span class=\"_ _0\"></span>om customers, as <span class=\"_ _0\"></span>well as accruals f<span class=\"_ _0\"></span>or bo<span class=\"ws1\">-</span>nuses and reba<span class=\"_ _0\"></span>tes related to g<span class=\"_ _0\"></span>oods and services purchased b<span class=\"_ _0\"></span>y customers during the period.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__123-1": {
   "value": "In case volume discounts incentives ar<span class=\"_ _0\"></span>e o\ue614ered to the customer<span class=\"_ _2\"></span>, the e<span class=\"_ _0\"></span>xpected volume r<span class=\"_ _0\"></span>ebates ar<span class=\"_ _0\"></span>e estimated base<span class=\"_ _0\"></span>d on historical experience<span class=\"_ _2\"></span>. \ue618e amount of the v<span class=\"_ _2\"></span>ariable consideration is made b<span class=\"_ _0\"></span>ased on the most like<span class=\"_ _0\"></span>ly amount-method. <span class=\"_ _2\"></span>\ue618e vari<span class=\"_ _0\"></span>able consideration is r<span class=\"_ _0\"></span>ecognized only to the e<span class=\"_ _0\"></span>xtent that it is highly pr<span class=\"_ _0\"></span>obable that a signi\ue615cant r<span class=\"_ _0\"></span>eversal in the amount of cumulative r<span class=\"_ _0\"></span>evenue will not occur<span class=\"_ _2\"></span>.In case discounts are o\ue614ere<span class=\"_ _0\"></span>d, a proportiona<span class=\"_ _0\"></span>te amount is allocated proportionally<span class=\"_ _0\"></span> to each performance oblig<span class=\"_ _0\"></span>ation based on their stand-alone se<span class=\"_ _0\"></span>lling price.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__125": {
   "value": "50.4 Employee bene\ue61ftsFor<span class=\"_ _2\"></span> the accounting treatment of post-emplo<span class=\"_ _0\"></span>yment plans, IFRS dis<span class=\"_ _0\"></span>tinguishes de\ue615ned contribution plans and de\ue615ned ben<span class=\"ws1\">-</span>e\ue615t plans. <span class=\"_ _2\"></span>\ue618e classi\ue615cation depends on which party<span class=\"_ _0\"></span> \u2013 Company<span class=\"_ _0\"></span> or employ<span class=\"_ _0\"></span>ee \u2013 bears the actu<span class=\"_ _0\"></span>arial and inves<span class=\"_ _0\"></span>tment risk. In case of a de\ue615ned contribution plan, the emplo<span class=\"_ _0\"></span>yee bears all the risk<span class=\"_ _0\"></span>s and therefore the C<span class=\"_ _0\"></span>ompany does not r<span class=\"_ _0\"></span>ecognize a liability in its sta<span class=\"_ _0\"></span>tement of \ue615nancial position except for<span class=\"_ _2\"></span> any unpaid contribution.In case of a de\ue615ned bene\ue615t plan, the Comp<span class=\"_ _0\"></span>any be<span class=\"_ _0\"></span>ars the actuarial and in<span class=\"_ _0\"></span>vestment risk and should consequently<span class=\"_ _0\"></span> recognize a liability in its sta<span class=\"_ _0\"></span>tement of \ue615nancial position.50.4.<span class=\"_ _2\"></span>1 De\ue61fned contribution plansContributions to de\ue615ned contribution pension plans are r<span class=\"_ _0\"></span>ecognized as an expense in pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s as incurred.\ue618ey are allocated amon<span class=\"_ _0\"></span>g functional costs: cost of sales, r<span class=\"_ _0\"></span>esear<span class=\"_ _0\"></span>ch and development expenses,<span class=\"_ _0\"></span> selling and administr<span class=\"_ _2\"></span>ative ex<span class=\"ls1 ws1\">-</span>penses, follo<span class=\"_ _0\"></span>wing the functional ar<span class=\"_ _0\"></span>ea of the corresponding pr<span class=\"_ _0\"></span>o\ue615t and cost centers to which re<span class=\"_ _0\"></span>lated employ<span class=\"_ _0\"></span>ees are attributed.50.4.2 De\ue61fned bene\ue61ft plansAs from December<span class=\"_ _0\"></span> 31, 2016<span class=\"_ _0\"></span>, the accounting tr<span class=\"_ _0\"></span>eatment for<span class=\"_ _2\"></span> Belgian de\ue615ned contribution plans with return g<span class=\"_ _0\"></span>uaranteed b<span class=\"_ _0\"></span>y law has been aligne<span class=\"_ _0\"></span>d with the accounting tr<span class=\"_ _0\"></span>eatment of de\ue615ned bene\ue615t plans.A. Liabilities for post-employment bene\ue61ftsFor<span class=\"_ _2\"></span> de\ue615ned bene\ue615t plans, the amount recognize<span class=\"_ _0\"></span>d in the statement of \ue615nancial position is determined as the present <span class=\"_ _0\"></span>value of the de\ue615ned bene\ue615t obligation less the fair<span class=\"_ _2\"></span> value of any pl<span class=\"_ _0\"></span>an assets. Wher<span class=\"_ _0\"></span>e the calculation results in a net s<span class=\"_ _0\"></span>urplus, the recognized as<span class=\"_ _0\"></span>set does not exceed the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of any economic bene\ue615ts av<span class=\"_ _2\"></span>ailable in the form of refunds from the plan or r<span class=\"_ _0\"></span>eductions in future contributions to the plan.\ue618e present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> the de\ue615ned bene\ue615t obligations (DBO) and the service costs ar<span class=\"_ _0\"></span>e calculated by a qu<span class=\"_ _0\"></span>ali\ue615ed actuary using the Projected Unit Cr<span class=\"_ _0\"></span>edit (PUC) method. Under<span class=\"_ _2\"></span> this method projected bene\ue615ts that are pa<span class=\"_ _0\"></span>ya<span class=\"_ _0\"></span>ble each futur<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar are dis<span class=\"ws1\">-</span>counted to the reporting da<span class=\"_ _0\"></span>te at the assumed interes<span class=\"_ _0\"></span>t rate<span class=\"_ _2\"></span>. \ue618e r<span class=\"_ _0\"></span>esulting total bene\ue615t obligation is then alloca<span class=\"_ _0\"></span>ted to past service,<span class=\"_ _2\"></span> presenting the DBO and year<span class=\"_ _0\"></span>-in-service<span class=\"_ _0\"></span>, presenting the service cos<span class=\"_ _0\"></span>t. <span class=\"_ _2\"></span>\ue618e assumed interest ra<span class=\"_ _0\"></span>te is the discount rate based on y<span class=\"_ _0\"></span>ields at reporting da<span class=\"_ _0\"></span>te on high-quality corpor<span class=\"_ _0\"></span>ate bonds that ha<span class=\"_ _0\"></span>ve maturity<span class=\"_ _0\"></span> dates appro<span class=\"_ _0\"></span>ximating the terms of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations. In determining the net pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of the future bene\ue615t entitlement for<span class=\"_ _0\"></span> service alrea<span class=\"_ _0\"></span>dy rendere<span class=\"_ _0\"></span>d (DBO), the Group considers f<span class=\"_ _0\"></span>uture compensation and bene\ue615t incre<span class=\"_ _2\"></span>ases. \ue618e DBO also comprises the pr<span class=\"_ _0\"></span>esent value fr<span class=\"_ _0\"></span>om the e\ue614ects of taxes pa<span class=\"_ _0\"></span>yable b<span class=\"_ _0\"></span>y the plan on contributions or<span class=\"_ _0\"></span> bene\ue615ts relatin<span class=\"_ _0\"></span>g to services already<span class=\"_ _0\"></span> rendered.More information a<span class=\"_ _0\"></span>bout the application of the PUC method for Belgi<span class=\"_ _0\"></span>an de\ue615ned contribution plans can be found here<span class=\"_ _0\"></span>after<span class=\"_ _2\"></span>.B. De\ue61fned bene\ue61ft cost recognized in pro\ue61ft or loss and \u2018Other comprehensive income\u2019\ue618e amount charged to pr<span class=\"_ _0\"></span>o\ue615t or loss consis<span class=\"_ _0\"></span>ts of current service cost, p<span class=\"_ _0\"></span>ast service cost, g<span class=\"_ _0\"></span>ain or loss on settlement,<span class=\"_ _0\"></span> net inter<span class=\"ws1\">-</span>est cost and administr<span class=\"_ _2\"></span>ative expenses and taxes. C<span class=\"_ _0\"></span>urrent service costs as we<span class=\"_ _0\"></span>ll as administra<span class=\"_ _0\"></span>tive expenses and tax<span class=\"_ _0\"></span>es, which are borne by the emplo<span class=\"_ _0\"></span>yer(s<span class=\"_ _0\"></span>) participatin<span class=\"_ _0\"></span>g to the plan, are alloca<span class=\"_ _0\"></span>ted among functional costs: cost of sales,<span class=\"_ _0\"></span> rese<span class=\"_ _0\"></span>arch and de<span class=\"ws1\">-</span>velopment expenses,<span class=\"_ _2\"></span> selling and general administr<span class=\"_ _2\"></span>ative expenses, follo<span class=\"_ _0\"></span>wing the function<span class=\"_ _0\"></span>al area of the correspondin<span class=\"_ _0\"></span>g pro\ue615t and cost centers to which re<span class=\"_ _0\"></span>lated employ<span class=\"_ _0\"></span>ees are attributed.<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ast service cost and settlement gains (losses) ar<span class=\"_ _0\"></span>e recognize<span class=\"_ _0\"></span>d immediately in pr<span class=\"_ _0\"></span>o\ue615t or loss under<span class=\"_ _2\"></span> \u2018Other oper<span class=\"_ _2\"></span>ating income\u2019<span class=\"_ _0\"></span> or <span class=\"_ _0\"></span>\u2018Other oper<span class=\"_ _2\"></span>ating expense\u2019<span class=\"_ _2\"></span> when the plan amendment, curtailment or settlement occurs.<span class=\"_ _0\"></span> Administr<span class=\"_ _0\"></span>ative e<span class=\"_ _0\"></span>xpenses which are re<span class=\"_ _0\"></span>lated to the manag<span class=\"_ _0\"></span>ement of plan assets and taxes directly link<span class=\"_ _0\"></span>ed to the return on plan assets \u2013 borne b<span class=\"_ _0\"></span>y the plan itself \u2013 are included in the r<span class=\"_ _0\"></span>eturn on plan assets and are recognized in <span class=\"_ _2\"></span>\u2018Other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _0\"></span> net of income taxes (OCI)\u2019<span class=\"_ _1\"></span>.Net interest cost is r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss under \u2018<span class=\"_ _0\"></span>Other \ue615nance e<span class=\"_ _0\"></span>xpense.<span class=\"_ _b3\"></span>\u2019 It is calculated by apply<span class=\"_ _0\"></span>ing the discount rate used to measur<span class=\"_ _0\"></span>e the de\ue615ned bene\ue615t obligation to the net de\ue615ned bene\ue615t lia<span class=\"_ _0\"></span>bility<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e net interest cost is broken do<span class=\"_ _0\"></span>wn into interest income on plan assets and inter<span class=\"_ _0\"></span>est cost on the de\ue615ned bene\ue615t obligation.<span class=\"_ _2\"></span> \ue618e di\ue614erence betw<span class=\"_ _0\"></span>een the return on plan assets and the interest income on pl<span class=\"_ _0\"></span>an assets is included in line item \u2018P<span class=\"_ _2\"></span>ost-employment bene\ue615ts: reme<span class=\"_ _0\"></span>asurements of the net de\ue615ned bene\ue615t liability\u2019<span class=\"_ _0\"></span> and recognized in <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> comprehensive income<span class=\"_ _2\"></span>, net of income taxes<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. Next to the di\ue614erence betw<span class=\"_ _0\"></span>een the actual return and the interes<span class=\"_ _0\"></span>t income on plan assets, the line item <span class=\"_ _0\"></span>\u2018P<span class=\"_ _0\"></span>ost-employment bene\ue615ts: remeas<span class=\"_ _0\"></span>urements of the net de\ue615ned bene\ue615t liability\u2019<span class=\"_ _0\"></span> also comprises actuarial gains and los<span class=\"_ _0\"></span>ses resulting for<span class=\"_ _2\"></span> example from an adjustment of the discount ra<span class=\"_ _0\"></span>te.C. De\ue61fned contribution plans with return guaranteed by lawBelgian \u2018De\ue615ne<span class=\"_ _0\"></span>d contribution plans\u2019<span class=\"_ _2\"></span> are subject to the Occupational P<span class=\"_ _2\"></span>ensions Act of April 2003. <span class=\"_ _0\"></span>According to article 24 of this Act, a\ue616li<span class=\"_ _0\"></span>ated persons are entitled to a gu<span class=\"_ _0\"></span>aranteed minimum r<span class=\"_ _0\"></span>eturn on contributions made by either<span class=\"_ _2\"></span> the organizer of the plan or the emplo<span class=\"_ _0\"></span>yee<span class=\"_ _0\"></span>. Some conditions in this la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>, such as the r<span class=\"_ _0\"></span>equired level of minimum r<span class=\"_ _0\"></span>eturn, hav<span class=\"_ _0\"></span>e been amended by the Act of December<span class=\"_ _2\"></span> 18, 2015. Similar<span class=\"_ _2\"></span> to the measurement of all other de\ue615ned bene\ue615t pl<span class=\"_ _0\"></span>ans, the net pension liabilit<span class=\"_ _0\"></span>y relate<span class=\"_ _0\"></span>d to de\ue615ned contribution plans with r<span class=\"_ _0\"></span>eturn guar<span class=\"_ _0\"></span>anteed by la<span class=\"_ _0\"></span>w is calculated as the di\ue614er<span class=\"_ _0\"></span>ence between the present value of the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation (DBO) and the fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of the plan assets. <span class=\"_ _0\"></span>As of December 31,<span class=\"_ _0\"></span> 2016,<span class=\"_ _0\"></span> the present value of the de\ue615ned bene\ue615t oblig<span class=\"_ _0\"></span>ation (DBO) and the service costs are calculate<span class=\"_ _0\"></span>d by a quali\ue615ed a<span class=\"_ _0\"></span>ctuary using the Projected Unit Credit (PUC) method.<span class=\"_ _0\"></span> More information on the g<span class=\"_ _0\"></span>eneral principles of this method can be found under<span class=\"_ _2\"></span> \u2018Liabilities for post-employment bene\ue615ts<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.Within the Belgi<span class=\"_ _0\"></span>an Agfa-Gev<span class=\"_ _2\"></span>aert Group entities, all insure<span class=\"_ _0\"></span>d plans guar<span class=\"_ _0\"></span>antee a \ue615xed return up to r<span class=\"_ _0\"></span>etirement age (<span class=\"_ _0\"></span>so-called Branch 21 insur<span class=\"_ _0\"></span>ed products).<span class=\"_ _2\"></span> Depending on the nature of the insured contr<span class=\"_ _0\"></span>act, the DBO has been determine<span class=\"_ _0\"></span>d with or<span class=\"_ _0\"></span> with<span class=\"ws1\">-</span>out future contributions and their<span class=\"_ _0\"></span> relate<span class=\"_ _0\"></span>d minimum returns up to the retir<span class=\"_ _0\"></span>ement age or e<span class=\"_ _0\"></span>xit. F<span class=\"_ _2\"></span>or the T<span class=\"_ _1\"></span>op Perform<span class=\"_ _0\"></span>ance Plan no future contributions w<span class=\"_ _0\"></span>ere considered,<span class=\"_ _2\"></span> for all other <span class=\"_ _0\"></span>\u2018Branch 21<span class=\"_ _2\"></span>\u2019 insure<span class=\"_ _0\"></span>d products recurring contributions ar<span class=\"_ _0\"></span>e paid and therefore consider<span class=\"_ _0\"></span>ed in the actuarial calcula<span class=\"_ _0\"></span>tion.Similar to the Be<span class=\"_ _0\"></span>lgian DC-plans, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s Swiss DC-plans are accounted f<span class=\"_ _0\"></span>or as DB-plans under<span class=\"_ _2\"></span> IAS 19.In measuring the net li<span class=\"_ _0\"></span>ability rel<span class=\"_ _0\"></span>ated to Belgian and Sw<span class=\"_ _0\"></span>iss de\ue615ned contribution plans with r<span class=\"_ _0\"></span>eturn guar<span class=\"_ _0\"></span>anteed by la<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>, the Group has applied p<span class=\"_ _0\"></span>aragr<span class=\"_ _0\"></span>aph 115 of IAS 19.<span class=\"_ _0\"></span> Par<span class=\"_ _2\"></span>agraph 115 states <span class=\"_ _0\"></span>\u201cWhere plan assets include qualify<span class=\"_ _0\"></span>ing insurance policies that exa<span class=\"_ _0\"></span>ctly match the amount and timing of some or<span class=\"_ _0\"></span> all of the bene\ue615ts pay<span class=\"_ _0\"></span>able under<span class=\"_ _0\"></span> the plan, the fair<span class=\"_ _2\"></span> value of those insur<span class=\"ws1\">-</span>ance policies is deemed to be the present v<span class=\"_ _2\"></span>alue of the related obligations<span class=\"_ _0\"></span>\u201d up to the gu<span class=\"_ _0\"></span>aranteed r<span class=\"_ _2\"></span>ate of the insurer<span class=\"_ _2\"></span>. \ue618e ap<span class=\"ws1\">-</span>plication of this par<span class=\"_ _0\"></span>agraph 115 implies a m<span class=\"_ _0\"></span>arket v<span class=\"_ _2\"></span>aluation of the retirement age contr<span class=\"_ _0\"></span>actual insure<span class=\"_ _0\"></span>d bene\ue615t, which imp<span class=\"_ _0\"></span>acts both the assets to account for<span class=\"_ _0\"></span> and the DBO.<span class=\"_ _2\"></span> In terms of<span class=\"_ _22\"></span> applying the methodology of par<span class=\"_ _2\"></span>agraph 115, man<span class=\"_ _0\"></span>agement believes that the DBO calculation should r<span class=\"_ _0\"></span>e\ue617ect that the employee is entitle<span class=\"_ _0\"></span>d to the higher of the actu<span class=\"_ _0\"></span>al accumulated reserves and the minimum reserves. <span class=\"_ _2\"></span>\ue618erefore<span class=\"_ _0\"></span>, the DBO calcula<span class=\"_ _0\"></span>tion re\ue617ects this plan char<span class=\"_ _0\"></span>acteristic for<span class=\"_ _0\"></span> every event,<span class=\"_ _0\"></span> being lea<span class=\"_ _0\"></span>ving befor<span class=\"_ _0\"></span>e retirement or<span class=\"_ _2\"></span> staying until retirement.50.4.3 T<span class=\"_ _1\"></span>ermination <span class=\"_ _22\"></span>bene\ue61ftsT<span class=\"_ _2\"></span>ermination bene\ue615ts ar<span class=\"_ _0\"></span>e recognized as a li<span class=\"_ _0\"></span>ability and an expense w<span class=\"_ _0\"></span>hen a Group compan<span class=\"_ _0\"></span>y is demonstr<span class=\"_ _0\"></span>ably committed to either: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminate the employment of an emplo<span class=\"_ _0\"></span>yee or gr<span class=\"_ _0\"></span>oup of employees befor<span class=\"_ _0\"></span>e the normal retirement d<span class=\"_ _0\"></span>ate; or</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa\">prov<span class=\"_ _0\"></span>ide termination bene\ue615ts as a result of an o\ue614er<span class=\"_ _2\"></span> made in order to encour<span class=\"_ _2\"></span>age voluntary redundancy and to the extent it </span></span>is probable th<span class=\"_ _0\"></span>at the employees w<span class=\"_ _0\"></span>ill accept the o\ue614er<span class=\"_ _2\"></span>.Where termination bene\ue615ts f<span class=\"_ _0\"></span>all due more than twe<span class=\"_ _0\"></span>lve months after<span class=\"_ _0\"></span> the reporting date<span class=\"_ _2\"></span>, they are discounted using a dis<span class=\"ws1\">-</span>count rate <span class=\"_ _0\"></span>which is the yield a<span class=\"_ _0\"></span>t reporting date on high qu<span class=\"_ _0\"></span>ality corpora<span class=\"_ _0\"></span>te bonds that hav<span class=\"_ _0\"></span>e maturity da<span class=\"_ _0\"></span>tes approxima<span class=\"_ _0\"></span>ting the terms of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.\ue618e interest impa<span class=\"_ _0\"></span>ct of unwinding and r<span class=\"_ _0\"></span>e-measuring lon<span class=\"_ _0\"></span>g-term termination bene\ue615ts at adjuste<span class=\"_ _0\"></span>d discount rates at \ue615n<span class=\"_ _0\"></span>ancial reporting date is r<span class=\"_ _0\"></span>e\ue617ected in pro\ue615t or<span class=\"_ _0\"></span> loss under<span class=\"_ _0\"></span> \u2018Other<span class=\"_ _2\"></span> \ue615nance expense\u2019<span class=\"_ _0\"></span> where<span class=\"_ _0\"></span>as the impact of incre<span class=\"_ _0\"></span>ases and decreases of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s commitments are presented under<span class=\"_ _2\"></span> \u2018Other oper<span class=\"_ _2\"></span>ating expenses \u2013 Restructuring expenses<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.50.4.4 Other long-term employee bene\ue61fts\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s net obligation in respect of long-term employ<span class=\"_ _0\"></span>ee bene\ue615ts, other<span class=\"_ _0\"></span> than pension plans,<span class=\"_ _0\"></span> post-employment life in-surance and me<span class=\"_ _0\"></span>dical care<span class=\"_ _0\"></span>, is the amount of future bene\ue615t th<span class=\"_ _0\"></span>at employees ha<span class=\"_ _0\"></span>ve earne<span class=\"_ _0\"></span>d in return for<span class=\"_ _0\"></span> their service in curr<span class=\"_ _0\"></span>ent and prior periods.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e obligation is calculated usin<span class=\"_ _0\"></span>g the projected unit credit method and is discounte<span class=\"_ _0\"></span>d to its present v<span class=\"_ _0\"></span>alue and the fair<span class=\"_ _0\"></span> value of an<span class=\"_ _0\"></span>y rel<span class=\"_ _0\"></span>ated assets is deducted.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e discount rate used is the <span class=\"_ _0\"></span>yield at r<span class=\"_ _0\"></span>eporting date on high quality<span class=\"_ _0\"></span> corporate bonds th<span class=\"_ _0\"></span>at have m<span class=\"_ _0\"></span>aturity dates appr<span class=\"_ _0\"></span>oximating the terms of the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.Unlike the accountin<span class=\"_ _0\"></span>g treatment of post-emplo<span class=\"_ _0\"></span>yment de\ue615ned bene\ue615t plans,<span class=\"_ _0\"></span> remeas<span class=\"_ _0\"></span>urements of other long-term emplo<span class=\"_ _0\"></span>yee <span class=\"_ _24\"></span><span class=\"ls1 ws1\"> </span>bene\ue615ts are not re\ue617ected in other<span class=\"_ _2\"></span> comprehensive income<span class=\"_ _0\"></span>. Inste<span class=\"_ _0\"></span>ad, the impa<span class=\"_ _0\"></span>ct of remeasur<span class=\"_ _0\"></span>ements is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss.50.4.5 Current employee bene\ue61ftsCurrent employ<span class=\"_ _0\"></span>ee bene\ue615t obligations are me<span class=\"_ _0\"></span>asured on an undiscounte<span class=\"_ _0\"></span>d basis and are expense<span class=\"_ _0\"></span>d as the related service is prov<span class=\"_ _0\"></span>ided. A<span class=\"_ _0\"></span> liability is r<span class=\"_ _0\"></span>ecognized for<span class=\"_ _2\"></span> the amount expected to be paid within tw<span class=\"_ _0\"></span>elve months if the Group has a pr<span class=\"_ _0\"></span>esent legal or constr<span class=\"_ _0\"></span>uctive obligation to pa<span class=\"_ _0\"></span>y this amount as a result of p<span class=\"_ _0\"></span>ast service prov<span class=\"_ _0\"></span>ided by the employ<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, and the obligation can be estimated r<span class=\"_ _0\"></span>eliably<span class=\"_ _2\"></span>.50.4.6 Share-based payment transactions\ue618e Group has cash-settled shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yment tr<span class=\"_ _0\"></span>ansactions as it has grante<span class=\"_ _0\"></span>d a long-term v<span class=\"_ _0\"></span>ariable compensation em<span class=\"ws1\">-</span>bedded in a Phantom Stock Option Pl<span class=\"_ _0\"></span>an to its CEO and key<span class=\"_ _0\"></span> personnel members of the Group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is plan can result in an additional cash bonus.In the established shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yment transa<span class=\"_ _0\"></span>ction, the eligible person dir<span class=\"_ _0\"></span>ectly participates in <span class=\"_ _0\"></span>changes in v<span class=\"_ _2\"></span>alue of the un<span class=\"ws1\">-</span>derlying equity ins<span class=\"_ _0\"></span>trument, being the shar<span class=\"_ _0\"></span>es of Agfa-Gev<span class=\"_ _2\"></span>aert NV and, accor<span class=\"_ _0\"></span>dingly<span class=\"_ _2\"></span>, the cash p<span class=\"_ _0\"></span>ayment is base<span class=\"_ _0\"></span>d on the price or v<span class=\"_ _2\"></span>alue of the equity instrument.Related sh<span class=\"_ _0\"></span>are appreciation rig<span class=\"_ _0\"></span>hts do not vest until the eligible persons h<span class=\"_ _0\"></span>ave completed a speci\ue615ed period of service<span class=\"_ _2\"></span>. \ue618er<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>fore<span class=\"_ _2\"></span>, the Company r<span class=\"_ _0\"></span>ecognizes the services receiv<span class=\"_ _0\"></span>ed, and a liabilit<span class=\"_ _0\"></span>y to pay<span class=\"_ _0\"></span> for them,<span class=\"_ _0\"></span> as the eligible person renders service during that period.<span class=\"_ _0\"></span> \ue618e li<span class=\"_ _0\"></span>ability is me<span class=\"_ _0\"></span>asured,<span class=\"_ _0\"></span> initially and at the end of each r<span class=\"_ _0\"></span>eporting period until settled,<span class=\"_ _0\"></span> at the fair<span class=\"_ _0\"></span> value of the share apprecia<span class=\"_ _0\"></span>tion rights, by<span class=\"_ _0\"></span> applying an option pricing model,<span class=\"_ _0\"></span> and the extent to which the emplo<span class=\"_ _0\"></span>yees hav<span class=\"_ _0\"></span>e ren<span class=\"ws1\">-</span>dered service to date<span class=\"_ _2\"></span>. Changes in f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue are recognized in pro\ue615t or<span class=\"_ _2\"></span> loss. Both the cost recognized a<span class=\"_ _0\"></span>t initial measur<span class=\"_ _0\"></span>ement as well as the imp<span class=\"_ _0\"></span>act of changes in fair<span class=\"_ _2\"></span> value are consider<span class=\"_ _0\"></span>ed as employee bene\ue615t e<span class=\"_ _0\"></span>xpenses. Black<span class=\"_ _0\"></span> and Scholes is the applied option pricing model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__126": {
   "value": "50.4.3 T<span class=\"_ _1\"></span>ermination <span class=\"_ _22\"></span>bene\ue61ftsT<span class=\"_ _2\"></span>ermination bene\ue615ts ar<span class=\"_ _0\"></span>e recognized as a li<span class=\"_ _0\"></span>ability and an expense w<span class=\"_ _0\"></span>hen a Group compan<span class=\"_ _0\"></span>y is demonstr<span class=\"_ _0\"></span>ably committed to either: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">terminate the employment of an emplo<span class=\"_ _0\"></span>yee or gr<span class=\"_ _0\"></span>oup of employees befor<span class=\"_ _0\"></span>e the normal retirement d<span class=\"_ _0\"></span>ate; or</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsa\">prov<span class=\"_ _0\"></span>ide termination bene\ue615ts as a result of an o\ue614er<span class=\"_ _2\"></span> made in order to encour<span class=\"_ _2\"></span>age voluntary redundancy and to the extent it </span></span>is probable th<span class=\"_ _0\"></span>at the employees w<span class=\"_ _0\"></span>ill accept the o\ue614er<span class=\"_ _2\"></span>.Where termination bene\ue615ts f<span class=\"_ _0\"></span>all due more than twe<span class=\"_ _0\"></span>lve months after<span class=\"_ _0\"></span> the reporting date<span class=\"_ _2\"></span>, they are discounted using a dis<span class=\"ws1\">-</span>count rate <span class=\"_ _0\"></span>which is the yield a<span class=\"_ _0\"></span>t reporting date on high qu<span class=\"_ _0\"></span>ality corpora<span class=\"_ _0\"></span>te bonds that hav<span class=\"_ _0\"></span>e maturity da<span class=\"_ _0\"></span>tes approxima<span class=\"_ _0\"></span>ting the terms of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obligations.\ue618e interest impa<span class=\"_ _0\"></span>ct of unwinding and r<span class=\"_ _0\"></span>e-measuring lon<span class=\"_ _0\"></span>g-term termination bene\ue615ts at adjuste<span class=\"_ _0\"></span>d discount rates at \ue615n<span class=\"_ _0\"></span>ancial reporting date is r<span class=\"_ _0\"></span>e\ue617ected in pro\ue615t or<span class=\"_ _0\"></span> loss under<span class=\"_ _0\"></span> \u2018Other<span class=\"_ _2\"></span> \ue615nance expense\u2019<span class=\"_ _0\"></span> where<span class=\"_ _0\"></span>as the impact of incre<span class=\"_ _0\"></span>ases and decreases of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s commitments are presented under<span class=\"_ _2\"></span> \u2018Other oper<span class=\"_ _2\"></span>ating expenses \u2013 Restructuring expenses<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__127": {
   "value": "50.4.6 Share-based payment transactions\ue618e Group has cash-settled shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yment tr<span class=\"_ _0\"></span>ansactions as it has grante<span class=\"_ _0\"></span>d a long-term v<span class=\"_ _0\"></span>ariable compensation em<span class=\"ws1\">-</span>bedded in a Phantom Stock Option Pl<span class=\"_ _0\"></span>an to its CEO and key<span class=\"_ _0\"></span> personnel members of the Group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618is plan can result in an additional cash bonus.In the established shar<span class=\"_ _0\"></span>e-based pa<span class=\"_ _0\"></span>yment transa<span class=\"_ _0\"></span>ction, the eligible person dir<span class=\"_ _0\"></span>ectly participates in <span class=\"_ _0\"></span>changes in v<span class=\"_ _2\"></span>alue of the un<span class=\"ws1\">-</span>derlying equity ins<span class=\"_ _0\"></span>trument, being the shar<span class=\"_ _0\"></span>es of Agfa-Gev<span class=\"_ _2\"></span>aert NV and, accor<span class=\"_ _0\"></span>dingly<span class=\"_ _2\"></span>, the cash p<span class=\"_ _0\"></span>ayment is base<span class=\"_ _0\"></span>d on the price or v<span class=\"_ _2\"></span>alue of the equity instrument.Related sh<span class=\"_ _0\"></span>are appreciation rig<span class=\"_ _0\"></span>hts do not vest until the eligible persons h<span class=\"_ _0\"></span>ave completed a speci\ue615ed period of service<span class=\"_ _2\"></span>. \ue618er<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>fore<span class=\"_ _2\"></span>, the Company r<span class=\"_ _0\"></span>ecognizes the services receiv<span class=\"_ _0\"></span>ed, and a liabilit<span class=\"_ _0\"></span>y to pay<span class=\"_ _0\"></span> for them,<span class=\"_ _0\"></span> as the eligible person renders service during that period.<span class=\"_ _0\"></span> \ue618e li<span class=\"_ _0\"></span>ability is me<span class=\"_ _0\"></span>asured,<span class=\"_ _0\"></span> initially and at the end of each r<span class=\"_ _0\"></span>eporting period until settled,<span class=\"_ _0\"></span> at the fair<span class=\"_ _0\"></span> value of the share apprecia<span class=\"_ _0\"></span>tion rights, by<span class=\"_ _0\"></span> applying an option pricing model,<span class=\"_ _0\"></span> and the extent to which the emplo<span class=\"_ _0\"></span>yees hav<span class=\"_ _0\"></span>e ren<span class=\"ws1\">-</span>dered service to date<span class=\"_ _2\"></span>. Changes in f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue are recognized in pro\ue615t or<span class=\"_ _2\"></span> loss. Both the cost recognized a<span class=\"_ _0\"></span>t initial measur<span class=\"_ _0\"></span>ement as well as the imp<span class=\"_ _0\"></span>act of changes in fair<span class=\"_ _2\"></span> value are consider<span class=\"_ _0\"></span>ed as employee bene\ue615t e<span class=\"_ _0\"></span>xpenses. Black<span class=\"_ _0\"></span> and Scholes is the applied option pricing model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__128": {
   "value": "50.5 Research and development expensesFor<span class=\"_ _2\"></span> accounting purposes, rese<span class=\"_ _0\"></span>arch expenses are de\ue615ne<span class=\"_ _0\"></span>d as costs incurred for<span class=\"_ _2\"></span> current or planned in<span class=\"_ _0\"></span>vestigations undertak<span class=\"_ _0\"></span>en with the prospect of gaining new<span class=\"_ _0\"></span> scienti\ue615c or technical know<span class=\"_ _0\"></span>ledge and understanding<span class=\"_ _0\"></span>. Dev<span class=\"_ _0\"></span>elopment expenses are de\ue615ned as costs incurred for<span class=\"_ _2\"></span> the application of research \ue615ndings or<span class=\"_ _0\"></span> specialist know<span class=\"_ _0\"></span>ledge to plans or<span class=\"_ _0\"></span> designs for<span class=\"_ _0\"></span> the production, prov<span class=\"_ _0\"></span>ision or deve<span class=\"_ _0\"></span>lopment of new or subs<span class=\"_ _0\"></span>tantially improv<span class=\"_ _0\"></span>ed products,<span class=\"_ _0\"></span> services or pr<span class=\"_ _0\"></span>ocesses, respectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>, prior<span class=\"_ _2\"></span> to the com<span class=\"ws1\">-</span>mencement of commercial production or<span class=\"_ _2\"></span> use.Resear<span class=\"_ _0\"></span>ch and development expenses ar<span class=\"_ _0\"></span>e incurred in the A<span class=\"_ _0\"></span>gfa-Gev<span class=\"_ _0\"></span>aert Group for<span class=\"_ _0\"></span> in-house rese<span class=\"_ _0\"></span>arch and development activ<span class=\"_ _2\"></span><span class=\"ws1\">-</span>ities, as w<span class=\"_ _0\"></span>ell as numerous rese<span class=\"_ _0\"></span>arch and deve<span class=\"_ _0\"></span>lopment collabora<span class=\"_ _0\"></span>tions and alliances with thir<span class=\"_ _0\"></span>d parties.Resear<span class=\"_ _0\"></span>ch and development expenses include<span class=\"_ _2\"></span>, in particular<span class=\"_ _2\"></span>, the running costs of the r<span class=\"_ _0\"></span>esearch and dev<span class=\"_ _0\"></span>elopment depart<span class=\"ws1\">-</span>ments such as personnel expenses,<span class=\"_ _0\"></span> material costs and depr<span class=\"_ _0\"></span>eciation of \ue615xed assets as <span class=\"_ _0\"></span>well as the costs of labor<span class=\"_ _2\"></span>atories, costs of applications development fa<span class=\"_ _0\"></span>cilities, engineering dep<span class=\"_ _0\"></span>artments and other dep<span class=\"_ _0\"></span>artments carrying out resear<span class=\"_ _0\"></span>ch and devel<span class=\"ws1\">-</span>opment tasks, cos<span class=\"_ _0\"></span>ts of contacts with universities and scienti\ue615c institutes includin<span class=\"_ _0\"></span>g expenses incurred f<span class=\"_ _0\"></span>or commissioned resear<span class=\"_ _0\"></span>ch and development w<span class=\"_ _0\"></span>ork.Resear<span class=\"_ _0\"></span>ch costs cannot be capitalized.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e conditions for capitalization of dev<span class=\"_ _0\"></span>elopment costs are closely de\ue615ne<span class=\"_ _0\"></span>d: an intan<span class=\"ws1\">-</span>gible asset must be recogniz<span class=\"_ _0\"></span>ed if,<span class=\"_ _0\"></span> and only if<span class=\"_ _0\"></span>, there is r<span class=\"_ _0\"></span>easonable certainty<span class=\"_ _0\"></span> of receiving futur<span class=\"_ _0\"></span>e cash \ue617ows that <span class=\"_ _0\"></span>will cover<span class=\"_ _2\"></span> an asset\u2019<span class=\"_ _1\"></span>s carr<span class=\"_ _22\"></span>ying amount.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__131": {
   "value": "50.6 Net \ue61fnance costsInterest income (e<span class=\"_ _0\"></span>xpense) \u2013 net comprises inter<span class=\"_ _0\"></span>ests receiv<span class=\"_ _0\"></span>able/<span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>able in rela<span class=\"_ _0\"></span>tion to items of the net \ue615nancial debt position.Net \ue615nancial debt is de\ue615ned as curr<span class=\"_ _0\"></span>ent and non-current loans and borr<span class=\"_ _0\"></span>owings and le<span class=\"_ _0\"></span>ase liabilities less cash and cash equiv<span class=\"_ _0\"></span><span class=\"ws1\">-</span>alents. Other<span class=\"_ _0\"></span> \ue615nance income (expense<span class=\"_ _2\"></span>) \u2013 net comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsef\">interest receiv<span class=\"_ _0\"></span>ed/<span class=\"_ _2\"></span>paid on other assets and lia<span class=\"_ _0\"></span>bilities not part of the net \ue615nancial debt position such as the net inter<span class=\"_ _0\"></span>est cost </span></span>of de\ue615ned bene\ue615t plans and the interest component of long-term termina<span class=\"_ _0\"></span>tion bene\ue615ts; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge results on non-oper<span class=\"_ _2\"></span>ating activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of derivative instruments economically<span class=\"_ _0\"></span> hedging non-opera<span class=\"_ _0\"></span>ting activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the ine\ue614ective portion of cash \ue617ow he<span class=\"_ _0\"></span>dges hedging non-oper<span class=\"_ _0\"></span>ating activ<span class=\"_ _0\"></span>ities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">impairment losses recogniz<span class=\"_ _0\"></span>ed on \ue615nancial assets;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">results on the sale of mark<span class=\"_ _0\"></span>etable securities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">change in conting<span class=\"_ _0\"></span>ent consideration fr<span class=\"_ _0\"></span>om a business combination; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">other \ue615nance income (<span class=\"_ _0\"></span>expense<span class=\"_ _0\"></span>).</span></span>Interest income is recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss as it accrues,<span class=\"_ _0\"></span> taking into account the e\ue614ective <span class=\"_ _0\"></span>yield on the asset.<span class=\"_ _0\"></span> Dividend income is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss on the d<span class=\"_ _0\"></span>ate that the dividend is decl<span class=\"_ _0\"></span>ared.All interest and other<span class=\"_ _0\"></span> costs incurred in connection <span class=\"_ _0\"></span>with borro<span class=\"_ _0\"></span>wings are e<span class=\"_ _0\"></span>xpensed as incurred using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate. \ue618e interest expense component of le<span class=\"_ _0\"></span>ase payments is r<span class=\"_ _0\"></span>ecognized in pr<span class=\"_ _0\"></span>o\ue615t or loss using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate method.\ue618e net interest cost of de\ue615ned bene\ue615t plans is determine<span class=\"_ _0\"></span>d by multiplying the net de\ue615ne<span class=\"_ _0\"></span>d bene\ue615t liability b<span class=\"_ _0\"></span>y the discount rate that is used to me<span class=\"_ _0\"></span>asure the de\ue615ned bene\ue615t obligation,<span class=\"_ _2\"></span> both as determined at the start of the annual reporting period, taking account of any chan<span class=\"_ _0\"></span>ges in the net de\ue615ned bene\ue615t liability<span class=\"_ _0\"></span> during the period as a result of contributions and bene\ue615t pa<span class=\"_ _0\"></span>yments.\ue618e interest component of long-term termination bene\ue615ts comprises the imp<span class=\"_ _0\"></span>act of unwindin<span class=\"_ _0\"></span>g the liability<span class=\"_ _2\"></span>, as <span class=\"_ _0\"></span>well as the impact of the chang<span class=\"_ _0\"></span>ed discount rate<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__130": {
   "value": "50.6 Net \ue61fnance costsInterest income (e<span class=\"_ _0\"></span>xpense) \u2013 net comprises inter<span class=\"_ _0\"></span>ests receiv<span class=\"_ _0\"></span>able/<span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>able in rela<span class=\"_ _0\"></span>tion to items of the net \ue615nancial debt position.Net \ue615nancial debt is de\ue615ned as curr<span class=\"_ _0\"></span>ent and non-current loans and borr<span class=\"_ _0\"></span>owings and le<span class=\"_ _0\"></span>ase liabilities less cash and cash equiv<span class=\"_ _0\"></span><span class=\"ws1\">-</span>alents. Other<span class=\"_ _0\"></span> \ue615nance income (expense<span class=\"_ _2\"></span>) \u2013 net comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsef\">interest receiv<span class=\"_ _0\"></span>ed/<span class=\"_ _2\"></span>paid on other assets and lia<span class=\"_ _0\"></span>bilities not part of the net \ue615nancial debt position such as the net inter<span class=\"_ _0\"></span>est cost </span></span>of de\ue615ned bene\ue615t plans and the interest component of long-term termina<span class=\"_ _0\"></span>tion bene\ue615ts; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge results on non-oper<span class=\"_ _2\"></span>ating activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of derivative instruments economically<span class=\"_ _0\"></span> hedging non-opera<span class=\"_ _0\"></span>ting activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the ine\ue614ective portion of cash \ue617ow he<span class=\"_ _0\"></span>dges hedging non-oper<span class=\"_ _0\"></span>ating activ<span class=\"_ _0\"></span>ities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">impairment losses recogniz<span class=\"_ _0\"></span>ed on \ue615nancial assets;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">results on the sale of mark<span class=\"_ _0\"></span>etable securities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">change in conting<span class=\"_ _0\"></span>ent consideration fr<span class=\"_ _0\"></span>om a business combination; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">other \ue615nance income (<span class=\"_ _0\"></span>expense<span class=\"_ _0\"></span>).</span></span>Interest income is recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss as it accrues,<span class=\"_ _0\"></span> taking into account the e\ue614ective <span class=\"_ _0\"></span>yield on the asset.<span class=\"_ _0\"></span> Dividend income is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss on the d<span class=\"_ _0\"></span>ate that the dividend is decl<span class=\"_ _0\"></span>ared.All interest and other<span class=\"_ _0\"></span> costs incurred in connection <span class=\"_ _0\"></span>with borro<span class=\"_ _0\"></span>wings are e<span class=\"_ _0\"></span>xpensed as incurred using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate. \ue618e interest expense component of le<span class=\"_ _0\"></span>ase payments is r<span class=\"_ _0\"></span>ecognized in pr<span class=\"_ _0\"></span>o\ue615t or loss using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate method.\ue618e net interest cost of de\ue615ned bene\ue615t plans is determine<span class=\"_ _0\"></span>d by multiplying the net de\ue615ne<span class=\"_ _0\"></span>d bene\ue615t liability b<span class=\"_ _0\"></span>y the discount rate that is used to me<span class=\"_ _0\"></span>asure the de\ue615ned bene\ue615t obligation,<span class=\"_ _2\"></span> both as determined at the start of the annual reporting period, taking account of any chan<span class=\"_ _0\"></span>ges in the net de\ue615ned bene\ue615t liability<span class=\"_ _0\"></span> during the period as a result of contributions and bene\ue615t pa<span class=\"_ _0\"></span>yments.\ue618e interest component of long-term termination bene\ue615ts comprises the imp<span class=\"_ _0\"></span>act of unwindin<span class=\"_ _0\"></span>g the liability<span class=\"_ _2\"></span>, as <span class=\"_ _0\"></span>well as the impact of the chang<span class=\"_ _0\"></span>ed discount rate<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__129": {
   "value": "50.6 Net \ue61fnance costsInterest income (e<span class=\"_ _0\"></span>xpense) \u2013 net comprises inter<span class=\"_ _0\"></span>ests receiv<span class=\"_ _0\"></span>able/<span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>able in rela<span class=\"_ _0\"></span>tion to items of the net \ue615nancial debt position.Net \ue615nancial debt is de\ue615ned as curr<span class=\"_ _0\"></span>ent and non-current loans and borr<span class=\"_ _0\"></span>owings and le<span class=\"_ _0\"></span>ase liabilities less cash and cash equiv<span class=\"_ _0\"></span><span class=\"ws1\">-</span>alents. Other<span class=\"_ _0\"></span> \ue615nance income (expense<span class=\"_ _2\"></span>) \u2013 net comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 wsef\">interest receiv<span class=\"_ _0\"></span>ed/<span class=\"_ _2\"></span>paid on other assets and lia<span class=\"_ _0\"></span>bilities not part of the net \ue615nancial debt position such as the net inter<span class=\"_ _0\"></span>est cost </span></span>of de\ue615ned bene\ue615t plans and the interest component of long-term termina<span class=\"_ _0\"></span>tion bene\ue615ts; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">exchan<span class=\"_ _0\"></span>ge results on non-oper<span class=\"_ _2\"></span>ating activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue of derivative instruments economically<span class=\"_ _0\"></span> hedging non-opera<span class=\"_ _0\"></span>ting activities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">the ine\ue614ective portion of cash \ue617ow he<span class=\"_ _0\"></span>dges hedging non-oper<span class=\"_ _0\"></span>ating activ<span class=\"_ _0\"></span>ities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">impairment losses recogniz<span class=\"_ _0\"></span>ed on \ue615nancial assets;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">results on the sale of mark<span class=\"_ _0\"></span>etable securities;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">change in conting<span class=\"_ _0\"></span>ent consideration fr<span class=\"_ _0\"></span>om a business combination; and</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">other \ue615nance income (<span class=\"_ _0\"></span>expense<span class=\"_ _0\"></span>).</span></span>Interest income is recogniz<span class=\"_ _0\"></span>ed in pro\ue615t or<span class=\"_ _0\"></span> loss as it accrues,<span class=\"_ _0\"></span> taking into account the e\ue614ective <span class=\"_ _0\"></span>yield on the asset.<span class=\"_ _0\"></span> Dividend income is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss on the d<span class=\"_ _0\"></span>ate that the dividend is decl<span class=\"_ _0\"></span>ared.All interest and other<span class=\"_ _0\"></span> costs incurred in connection <span class=\"_ _0\"></span>with borro<span class=\"_ _0\"></span>wings are e<span class=\"_ _0\"></span>xpensed as incurred using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate. \ue618e interest expense component of le<span class=\"_ _0\"></span>ase payments is r<span class=\"_ _0\"></span>ecognized in pr<span class=\"_ _0\"></span>o\ue615t or loss using the e\ue614<span class=\"_ _0\"></span>ective interest r<span class=\"_ _2\"></span>ate method.\ue618e net interest cost of de\ue615ned bene\ue615t plans is determine<span class=\"_ _0\"></span>d by multiplying the net de\ue615ne<span class=\"_ _0\"></span>d bene\ue615t liability b<span class=\"_ _0\"></span>y the discount rate that is used to me<span class=\"_ _0\"></span>asure the de\ue615ned bene\ue615t obligation,<span class=\"_ _2\"></span> both as determined at the start of the annual reporting period, taking account of any chan<span class=\"_ _0\"></span>ges in the net de\ue615ned bene\ue615t liability<span class=\"_ _0\"></span> during the period as a result of contributions and bene\ue615t pa<span class=\"_ _0\"></span>yments.\ue618e interest component of long-term termination bene\ue615ts comprises the imp<span class=\"_ _0\"></span>act of unwindin<span class=\"_ _0\"></span>g the liability<span class=\"_ _2\"></span>, as <span class=\"_ _0\"></span>well as the impact of the chang<span class=\"_ _0\"></span>ed discount rate<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__133": {
   "value": "50.<span class=\"_ _2\"></span>7 Income tax and other taxIncome tax on the pro\ue615t (loss) f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> comprises taxes paid or<span class=\"_ _2\"></span> accrued and deferred tax expense (income<span class=\"_ _0\"></span>). Income tax is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss e<span class=\"_ _0\"></span>xcept to the extent th<span class=\"_ _0\"></span>at it relates to items r<span class=\"_ _0\"></span>ecognized directly<span class=\"_ _0\"></span> in other compr<span class=\"_ _0\"></span>ehensive income,<span class=\"_ _2\"></span> in which case it is recognized in other<span class=\"_ _0\"></span> comprehensive income or<span class=\"_ _2\"></span> if<span class=\"_ _22\"></span> part of a business combination in w<span class=\"_ _0\"></span>hich case it is recognized ag<span class=\"_ _0\"></span>ainst goodwill.In determining the amount of taxes paid or<span class=\"_ _2\"></span> accrued and deferred tax expense (income<span class=\"_ _0\"></span>), the Comp<span class=\"_ _0\"></span>any tak<span class=\"_ _0\"></span>es into account the impact of uncertain tax positions and whether<span class=\"_ _2\"></span> additional taxes and interest may<span class=\"_ _0\"></span> be due.Other tax r<span class=\"_ _0\"></span>eceivables and li<span class=\"_ _0\"></span>abilities rela<span class=\"_ _0\"></span>te to other tax,<span class=\"_ _0\"></span> such as V<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> property tax and other<span class=\"_ _2\"></span> indirect taxes. <span class=\"_ _2\"></span>\ue618ey are carried at cost. Both curr<span class=\"_ _0\"></span>ent and other tax r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles are o\ue614set against current tax li<span class=\"_ _0\"></span>abilities, respectiv<span class=\"_ _0\"></span>ely other<span class=\"_ _0\"></span> tax liabilities when they rela<span class=\"_ _0\"></span>te to taxes levied b<span class=\"_ _0\"></span>y the same taxation authority<span class=\"_ _0\"></span> and are intended to be settled on a net basis and ther<span class=\"_ _0\"></span>e is a legal right to o\ue614set.50.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.1 Income taxes paid or accruedT<span class=\"_ _2\"></span>axes p<span class=\"_ _0\"></span>aid or accrue<span class=\"_ _0\"></span>d are the expected tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able on the taxable income for<span class=\"_ _2\"></span> the year<span class=\"_ _2\"></span>, using tax ra<span class=\"_ _0\"></span>tes enacted or<span class=\"_ _0\"></span> substan<span class=\"ws1\">-</span>tially enacted a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>, and any adjustment to tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able in respect of prev<span class=\"_ _0\"></span>ious ye<span class=\"_ _0\"></span>ars. Additional income tax<span class=\"_ _0\"></span>es that arise from the distribution of div<span class=\"_ _0\"></span>idends are recognize<span class=\"_ _0\"></span>d at the same time as the liability to p<span class=\"_ _0\"></span>ay the re<span class=\"_ _0\"></span>lated dividend.Current income tax for<span class=\"_ _2\"></span> current and prior periods are<span class=\"_ _0\"></span>, to the e<span class=\"_ _0\"></span>xtent unpaid, r<span class=\"_ _0\"></span>ecognized as a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. If the amount alre<span class=\"_ _0\"></span>ady paid in respect of current and prior<span class=\"_ _2\"></span> periods exceeds the amount due for<span class=\"_ _0\"></span> those periods, the ex<span class=\"_ _0\"></span>cess is recognized as an as<span class=\"_ _0\"></span>set.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__132": {
   "value": "Other tax r<span class=\"_ _0\"></span>eceivables and li<span class=\"_ _0\"></span>abilities rela<span class=\"_ _0\"></span>te to other tax,<span class=\"_ _0\"></span> such as V<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> property tax and other<span class=\"_ _2\"></span> indirect taxes. <span class=\"_ _2\"></span>\ue618ey are carried at cost. Both curr<span class=\"_ _0\"></span>ent and other tax r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles are o\ue614set against current tax li<span class=\"_ _0\"></span>abilities, respectiv<span class=\"_ _0\"></span>ely other<span class=\"_ _0\"></span> tax liabilities when they rela<span class=\"_ _0\"></span>te to taxes levied b<span class=\"_ _0\"></span>y the same taxation authority<span class=\"_ _0\"></span> and are intended to be settled on a net basis and ther<span class=\"_ _0\"></span>e is a legal right to o\ue614set.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__134": {
   "value": "50.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.2 Deferred taxDeferred tax is calcula<span class=\"_ _0\"></span>ted using the balance sheet method,<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>iding for<span class=\"_ _0\"></span> temporary di\ue614erences bet<span class=\"_ _0\"></span>ween the carrying amount of assets and liabilities for<span class=\"_ _0\"></span> \ue615nancial reporting purposes and the amounts use<span class=\"_ _0\"></span>d for tax<span class=\"_ _0\"></span>ation purposes.\ue618e followin<span class=\"_ _0\"></span>g temporary di\ue614erences ar<span class=\"_ _0\"></span>e not prov<span class=\"_ _0\"></span>ided for: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">taxable tempor<span class=\"_ _0\"></span>ary di\ue614erences on the initial recognition of goodw<span class=\"_ _0\"></span>ill;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws1e\">the initial recognition of an asset or<span class=\"_ _0\"></span> liability in a tr<span class=\"_ _2\"></span>ansaction which is not a business combination and at the time of the </span></span>transaction,<span class=\"_ _2\"></span> a\ue614ects neither accounting pro\ue615t nor<span class=\"_ _0\"></span> taxable pro\ue615t (<span class=\"_ _0\"></span>tax loss); and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 lsa ws2b\">di\ue614erences rela<span class=\"_ _0\"></span>ting to inves<span class=\"_ _0\"></span>tments in subsidiaries to the extent tha<span class=\"_ _0\"></span>t they will prob<span class=\"_ _0\"></span>ably not rev<span class=\"_ _0\"></span>erse in the foresee<span class=\"_ _0\"></span>able future<span class=\"_ _2\"></span>.</span></span>\ue618e amount of deferred tax pro<span class=\"_ _0\"></span>vided is base<span class=\"_ _0\"></span>d on the expected manner<span class=\"_ _0\"></span> of realiza<span class=\"_ _0\"></span>tion or settlement of the carrying amount of assets and liabilities, usin<span class=\"_ _0\"></span>g tax rates ena<span class=\"_ _0\"></span>cted or s<span class=\"_ _0\"></span>ubstantially enacted a<span class=\"_ _0\"></span>t the reporting date<span class=\"_ _2\"></span>. A deferr<span class=\"_ _0\"></span>ed tax asset is recog<span class=\"ws1\">-</span>nized only to the e<span class=\"_ _0\"></span>xtent that it is proba<span class=\"_ _0\"></span>ble that future tax<span class=\"_ _0\"></span>able pro\ue615ts will be a<span class=\"_ _0\"></span>vail<span class=\"_ _0\"></span>able against which the deductible tem<span class=\"ws1\">-</span>porary di\ue614er<span class=\"_ _0\"></span>ences, unused tax losses and cr<span class=\"_ _0\"></span>edits can be utilized.<span class=\"_ _0\"></span> Deferred tax assets ar<span class=\"_ _0\"></span>e reduced to the e<span class=\"_ _0\"></span>xtent that it is no longer<span class=\"_ _0\"></span> probable th<span class=\"_ _0\"></span>at the rela<span class=\"_ _0\"></span>ted tax bene\ue615t will be re<span class=\"_ _2\"></span>alized.Deferred tax assets and def<span class=\"_ _0\"></span>erred tax liabilities ar<span class=\"_ _0\"></span>e o\ue614set in the statement of \ue615nancial position if the entity has a leg<span class=\"_ _0\"></span>al right to settle current tax amounts on a net basis and the deferr<span class=\"_ _0\"></span>ed tax amounts are levie<span class=\"_ _0\"></span>d by the same taxing authorit<span class=\"_ _0\"></span>y on the same entity that intend to r<span class=\"_ _0\"></span>ealize the asset and settle the li<span class=\"_ _0\"></span>ability at the same time<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__135": {
   "value": "50.8 Goodwill and intangible assets with inde\ue61fnite useful livesGoodwill is meas<span class=\"_ _0\"></span>ured at cost less a<span class=\"_ _0\"></span>ccumulated impairment los<span class=\"_ _0\"></span>ses. In respect of equity<span class=\"_ _0\"></span>-accounted inv<span class=\"_ _0\"></span>estees, the carryin<span class=\"_ _0\"></span>g amount of goodwill is included in the carrying amount <span class=\"_ _0\"></span>of the investment,<span class=\"_ _0\"></span> and any imp<span class=\"_ _0\"></span>airment loss is allocated to the car<span class=\"_ _2\"></span><span class=\"ws1\">-</span>rying amount of the equity-accounte<span class=\"_ _0\"></span>d investee as a <span class=\"_ _0\"></span>whole<span class=\"_ _0\"></span>.Intangible assets with inde\ue615nite usef<span class=\"_ _0\"></span>ul lives, such as tr<span class=\"_ _2\"></span>ademarks, are s<span class=\"_ _0\"></span>tated at cost less accumul<span class=\"_ _0\"></span>ated impairment losses.Intangible assets with inde\ue615nite usef<span class=\"_ _0\"></span>ul lives are not amortize<span class=\"_ _0\"></span>d. Inste<span class=\"_ _0\"></span>ad, they ar<span class=\"_ _0\"></span>e tested for<span class=\"_ _0\"></span> impairment annually and <span class=\"_ _0\"></span>when<span class=\"ws1\">-</span>ever<span class=\"_ _0\"></span> there is an indication that the intangible as<span class=\"_ _0\"></span>set may be imp<span class=\"_ _0\"></span>aired.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__136": {
   "value": "Goodwill is meas<span class=\"_ _0\"></span>ured at cost less a<span class=\"_ _0\"></span>ccumulated impairment los<span class=\"_ _0\"></span>ses. In respect of equity<span class=\"_ _0\"></span>-accounted inv<span class=\"_ _0\"></span>estees, the carryin<span class=\"_ _0\"></span>g amount of goodwill is included in the carrying amount <span class=\"_ _0\"></span>of the investment,<span class=\"_ _0\"></span> and any imp<span class=\"_ _0\"></span>airment loss is allocated to the car<span class=\"_ _2\"></span><span class=\"ws1\">-</span>rying amount of the equity-accounte<span class=\"_ _0\"></span>d investee as a <span class=\"_ _0\"></span>whole<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__137-1": {
   "value": "Intangible assets with inde\ue615nite usef<span class=\"_ _0\"></span>ul lives, such as tr<span class=\"_ _2\"></span>ademarks, are s<span class=\"_ _0\"></span>tated at cost less accumul<span class=\"_ _0\"></span>ated impairment losses.Intangible assets with inde\ue615nite usef<span class=\"_ _0\"></span>ul lives are not amortize<span class=\"_ _0\"></span>d. Inste<span class=\"_ _0\"></span>ad, they ar<span class=\"_ _0\"></span>e tested for<span class=\"_ _0\"></span> impairment annually and <span class=\"_ _0\"></span>when<span class=\"ws1\">-</span>ever<span class=\"_ _0\"></span> there is an indication that the intangible as<span class=\"_ _0\"></span>set may be imp<span class=\"_ _0\"></span>aired.50.9 Intangible assets with \ue61fnite useful lives50.9.<span class=\"_ _2\"></span>1 Recognition and measurementIntangible assets with \ue615nite usef<span class=\"_ _0\"></span>ul lives are state<span class=\"_ _0\"></span>d at cost less accumula<span class=\"_ _0\"></span>ted amortization and impairment losses.Resear<span class=\"_ _0\"></span>ch and development costs are e<span class=\"_ _0\"></span>xpensed as they are incurr<span class=\"_ _0\"></span>ed, e<span class=\"_ _0\"></span>xcept for<span class=\"_ _0\"></span> certain development costs,<span class=\"_ _0\"></span> which are cap<span class=\"ws1\">-</span>italized when it is pr<span class=\"_ _0\"></span>obable that a dev<span class=\"_ _0\"></span>elopment project w<span class=\"_ _0\"></span>ill be a success, and certain criteri<span class=\"_ _0\"></span>a, including technological and commercial fe<span class=\"_ _0\"></span>asibility<span class=\"_ _2\"></span>, ha<span class=\"_ _0\"></span>ve been met. C<span class=\"_ _0\"></span>apitalized deve<span class=\"_ _0\"></span>lopment costs are amortized on a s<span class=\"_ _2\"></span>ystematic basis over<span class=\"_ _2\"></span> their expe<span class=\"_ _22\"></span>cted useful lives.In accordance <span class=\"_ _0\"></span>with IFRS 3 <span class=\"ff11 wsf5\">Busines<span class=\"_ _0\"></span>s combinat<span class=\"_ _0\"></span>ions<span class=\"ff1 wsd8\">, if an intangible asset is acquir<span class=\"_ _0\"></span>ed in a business combination,<span class=\"_ _0\"></span> the cost of </span></span>that intangible asset is its f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue at the acquisition date.<span class=\"_ _2\"></span> \ue618e fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue of an intangible asset re\ue617ects mark<span class=\"_ _0\"></span>et expectations about the proba<span class=\"_ _0\"></span>bility that the futur<span class=\"_ _0\"></span>e economic bene\ue615ts embodied in the asset will \ue617o<span class=\"_ _0\"></span>w to the entity<span class=\"_ _2\"></span>.50.9.2 Subsequent expenditureSubsequent expenditure is capitaliz<span class=\"_ _0\"></span>ed only when it incre<span class=\"_ _2\"></span>ases the future economic bene\ue615ts embodied in the speci\ue615c asset to which it rel<span class=\"_ _0\"></span>ates. All other<span class=\"_ _2\"></span> expenditure is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss as incurr<span class=\"_ _0\"></span>ed.50.9.3 AmortizationIntangible assets with \ue615nite usef<span class=\"_ _0\"></span>ul lives, such as a<span class=\"_ _0\"></span>cquired technology and customer<span class=\"_ _0\"></span> rela<span class=\"_ _0\"></span>tionships are amortized on a straig<span class=\"_ _0\"></span>ht-line basis over<span class=\"_ _2\"></span> their estimated useful liv<span class=\"_ _0\"></span>es, gener<span class=\"_ _2\"></span>ally for periods r<span class=\"_ _0\"></span>anging from \ue615ve to 1<span class=\"_ _0\"></span>5 ye<span class=\"_ _0\"></span>ars. Amortiza<span class=\"_ _0\"></span>tion meth<span class=\"ws1\">-</span>ods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _2\"></span>alues are reviewed at e<span class=\"_ _2\"></span>ach reporting date and adjusted if appropri<span class=\"_ _0\"></span>ate.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__139-1": {
   "value": "50.9.3 AmortizationIntangible assets with \ue615nite usef<span class=\"_ _0\"></span>ul lives, such as a<span class=\"_ _0\"></span>cquired technology and customer<span class=\"_ _0\"></span> rela<span class=\"_ _0\"></span>tionships are amortized on a straig<span class=\"_ _0\"></span>ht-line basis over<span class=\"_ _2\"></span> their estimated useful liv<span class=\"_ _0\"></span>es, gener<span class=\"_ _2\"></span>ally for periods r<span class=\"_ _0\"></span>anging from \ue615ve to 1<span class=\"_ _0\"></span>5 ye<span class=\"_ _0\"></span>ars. Amortiza<span class=\"_ _0\"></span>tion meth<span class=\"ws1\">-</span>ods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _2\"></span>alues are reviewed at e<span class=\"_ _2\"></span>ach reporting date and adjusted if appropri<span class=\"_ _0\"></span>ate.50.<span class=\"_ _2\"></span>10.3 DepreciationProperty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment is depreciate<span class=\"_ _0\"></span>d on a straight-line b<span class=\"_ _0\"></span>asis over<span class=\"_ _2\"></span> the estimated useful life of the item. F<span class=\"_ _2\"></span>or leased assets, the depr<span class=\"_ _0\"></span>eciation period is the estimated usef<span class=\"_ _0\"></span>ul life of the asset, or<span class=\"_ _0\"></span> the lease term if shorter<span class=\"_ _2\"></span>.\ue618e estimated useful liv<span class=\"_ _0\"></span>es of the respective asset categ<span class=\"_ _0\"></span>ories are as follo<span class=\"_ _0\"></span>ws:Buildings<span class=\"_ _13d\"> </span>\ue61f\ue61e to \ue618\ue61e yearsOutdoor infrastructure<span class=\"_ _155\"> </span>\ue61d\ue61e to \ue61f\ue61e yearsPlant installations<span class=\"_ _1d4\"> </span>\ue617 to \ue61f\ue61e yearsMachinery and equipment<span class=\"_ _2c0\"> </span>\ue617 to \ue61d\ue61f yearsLaboratory and research facilities<span class=\"_ _2be\"> </span>\ue61a to \ue618 yearsV<span class=\"_ _2\"></span>ehicles<span class=\"_ _199\"> </span>\ue616 to \ue61c yearsComputer equipment<span class=\"_ _297\"> </span>\ue61a to \ue618 yearsFurniture and \ue614xtures<span class=\"_ _33a\"> </span>\ue616 to \ue61d\ue61e yearsDepreciation methods,<span class=\"_ _0\"></span> useful lives and residu<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alues are review<span class=\"_ _0\"></span>ed at ea<span class=\"_ _0\"></span>ch reporting date and a<span class=\"_ _0\"></span>djusted if appropriate<span class=\"_ _2\"></span>.Assets classi\ue615ed as held for<span class=\"_ _2\"></span> sale are no longer amortiz<span class=\"_ _0\"></span>ed or depr<span class=\"_ _0\"></span>eciated.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__141": {
   "value": "50.<span class=\"_ _2\"></span>10 Prop<span class=\"_ _22\"></span>erty<span class=\"_ _1\"></span>, plant and equipment50.<span class=\"_ _2\"></span>10.1 Recognition and measurementItems of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equipment are measur<span class=\"_ _0\"></span>ed at cost less accumul<span class=\"_ _0\"></span>ated deprecia<span class=\"_ _0\"></span>tion and impairment losses.\ue618e cost of an item of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equipment comprises: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">its purchase price<span class=\"_ _2\"></span>, including import duties and non-refundable pur<span class=\"_ _0\"></span>chase taxes;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws36\">any costs dir<span class=\"_ _0\"></span>ectly attributable to bringing the as<span class=\"_ _0\"></span>set to the location and condition necessary for<span class=\"_ _0\"></span> it to be capable of opera<span class=\"_ _0\"></span>t<span class=\"ws1\">-</span></span></span>ing in the manner<span class=\"_ _0\"></span> intended by manag<span class=\"_ _0\"></span>ement; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws14\">the initial estimate of the costs of dismantling and r<span class=\"_ _0\"></span>emoving the item and r<span class=\"_ _0\"></span>estoring the site on which it is loca<span class=\"_ _0\"></span>ted, the </span></span>obligation for<span class=\"_ _0\"></span> which the Comp<span class=\"_ _0\"></span>any incurs either<span class=\"_ _0\"></span> when the item is acquir<span class=\"_ _0\"></span>ed, or<span class=\"_ _0\"></span> as a consequence of having <span class=\"_ _0\"></span>used the item during a particular<span class=\"_ _2\"></span> period for purposes other than to pr<span class=\"_ _0\"></span>oduce inventories durin<span class=\"_ _0\"></span>g that period; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">capitalized borro<span class=\"_ _0\"></span>wing costs.</span></span>For<span class=\"_ _2\"></span> self-constructed assets, dir<span class=\"_ _0\"></span>ectly attributable costs are dir<span class=\"_ _0\"></span>ect cost of materials,<span class=\"_ _0\"></span> direct manufa<span class=\"_ _0\"></span>cturing expenses, appr<span class=\"_ _0\"></span>o<span class=\"ws1\">-</span>priate allocations of material and m<span class=\"_ _0\"></span>anufacturing ov<span class=\"_ _0\"></span>erheads,<span class=\"_ _0\"></span> and an appropriate sh<span class=\"_ _0\"></span>are of the depreciation of assets used in construction. It includes the sh<span class=\"_ _0\"></span>are of expenses for<span class=\"_ _0\"></span> compan<span class=\"_ _0\"></span>y pension plans and discretionary employ<span class=\"_ _0\"></span>ee bene\ue615ts that are attributable to construction and capitaliz<span class=\"_ _0\"></span>ed borrow<span class=\"_ _0\"></span>ing costs.50.<span class=\"_ _2\"></span>10.2 Subsequent exp<span class=\"_ _22\"></span>enditureExpenses for<span class=\"_ _0\"></span> the repair<span class=\"_ _0\"></span> and maintenance of property<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment are usu<span class=\"_ _0\"></span>ally expensed as incurre<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618ey are,<span class=\"_ _0\"></span> howev<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>, capitalized when they incr<span class=\"_ _0\"></span>ease the futur<span class=\"_ _0\"></span>e economic bene\ue615ts embodied in the item of property<span class=\"_ _2\"></span>, pl<span class=\"_ _0\"></span>ant and equip<span class=\"ws1\">-</span>ment.50.<span class=\"_ _2\"></span>10.3 DepreciationProperty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> plant and equipment is depreciate<span class=\"_ _0\"></span>d on a straight-line b<span class=\"_ _0\"></span>asis over<span class=\"_ _2\"></span> the estimated useful life of the item. F<span class=\"_ _2\"></span>or leased assets, the depr<span class=\"_ _0\"></span>eciation period is the estimated usef<span class=\"_ _0\"></span>ul life of the asset, or<span class=\"_ _0\"></span> the lease term if shorter<span class=\"_ _2\"></span>.\ue618e estimated useful liv<span class=\"_ _0\"></span>es of the respective asset categ<span class=\"_ _0\"></span>ories are as follo<span class=\"_ _0\"></span>ws:Buildings<span class=\"_ _13d\"> </span>\ue61f\ue61e to \ue618\ue61e yearsOutdoor infrastructure<span class=\"_ _155\"> </span>\ue61d\ue61e to \ue61f\ue61e yearsPlant installations<span class=\"_ _1d4\"> </span>\ue617 to \ue61f\ue61e yearsMachinery and equipment<span class=\"_ _2c0\"> </span>\ue617 to \ue61d\ue61f yearsLaboratory and research facilities<span class=\"_ _2be\"> </span>\ue61a to \ue618 yearsV<span class=\"_ _2\"></span>ehicles<span class=\"_ _199\"> </span>\ue616 to \ue61c yearsComputer equipment<span class=\"_ _297\"> </span>\ue61a to \ue618 yearsFurniture and \ue614xtures<span class=\"_ _33a\"> </span>\ue616 to \ue61d\ue61e yearsDepreciation methods,<span class=\"_ _0\"></span> useful lives and residu<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alues are review<span class=\"_ _0\"></span>ed at ea<span class=\"_ _0\"></span>ch reporting date and a<span class=\"_ _0\"></span>djusted if appropriate<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__142": {
   "value": "50.<span class=\"_ _2\"></span>11 Non-current assets held for sale\ue618e Group classi\ue615es an asset (<span class=\"_ _0\"></span>or disposal gr<span class=\"_ _0\"></span>oup) as held for<span class=\"_ _0\"></span> sale if its carrying amount will be r<span class=\"_ _0\"></span>ecovere<span class=\"_ _0\"></span>d principally throug<span class=\"_ _0\"></span>h a sale transaction r<span class=\"_ _2\"></span>ather than through continuin<span class=\"_ _0\"></span>g use.<span class=\"_ _0\"></span> For<span class=\"_ _2\"></span> this to be the case, the asset (<span class=\"_ _0\"></span>or disposal gr<span class=\"_ _0\"></span>oup) must be av<span class=\"_ _2\"></span>ailable for imme<span class=\"_ _0\"></span>diate sale in its present condition subject only to terms th<span class=\"_ _0\"></span>at are usual and cus<span class=\"_ _0\"></span>tomary for sale of such assets (<span class=\"_ _0\"></span>or disposal groups) and its sale must be hig<span class=\"_ _0\"></span>hly probable<span class=\"_ _2\"></span>.Immediately bef<span class=\"_ _0\"></span>ore classi\ue615cation as held f<span class=\"_ _0\"></span>or sale<span class=\"_ _2\"></span>, the Group measur<span class=\"_ _0\"></span>es the carrying amount of the asset (or<span class=\"_ _0\"></span> all the assets and liabilities in the disposal group<span class=\"_ _0\"></span>) in accordance <span class=\"_ _0\"></span>with applicable IFRS.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618en, on initial clas<span class=\"_ _0\"></span>si\ue615cation as held for<span class=\"_ _0\"></span> sale,<span class=\"_ _2\"></span> assets and disposal groups are r<span class=\"_ _0\"></span>ecognized at the low<span class=\"_ _0\"></span>er of their<span class=\"_ _0\"></span> carrying amount and fair<span class=\"_ _2\"></span> value less costs to sell.<span class=\"_ _0\"></span> Impairment losses are recogniz<span class=\"_ _0\"></span>ed for an<span class=\"_ _2\"></span>y initial or subsequent write-do<span class=\"_ _0\"></span>wn of the asset (or<span class=\"_ _0\"></span> disposal group) to f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue less costs to sell. Assets classi\ue615ed as held for<span class=\"_ _2\"></span> sale are no longer amortiz<span class=\"_ _0\"></span>ed or depr<span class=\"_ _0\"></span>eciated.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__144": {
   "value": "50.<span class=\"_ _2\"></span>12 Financial instruments50.<span class=\"_ _2\"></span>12.1 Financial assetsFinancial assets comprise equity and de<span class=\"_ _0\"></span>bt instruments in another entit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, cash and cash equiv<span class=\"_ _0\"></span>alents, lo<span class=\"_ _0\"></span>ans receiv<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> trade receiv<span class=\"_ _0\"></span>ables, r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles under \ue615nance le<span class=\"_ _0\"></span>ases and other r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles as well as deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments.\ue618e Group initially r<span class=\"_ _0\"></span>ecognizes loans and receiv<span class=\"_ _2\"></span>ables on the date that they are origin<span class=\"_ _0\"></span>ated. <span class=\"_ _0\"></span>All other non-deriv<span class=\"_ _2\"></span>ative \ue615nancial assets are recogniz<span class=\"_ _0\"></span>ed on the tra<span class=\"_ _0\"></span>de date when the Gr<span class=\"_ _0\"></span>oup becomes a party to the contr<span class=\"_ _0\"></span>actual pro<span class=\"_ _0\"></span>visions of the instrument.A tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>able without signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancing is initially me<span class=\"_ _0\"></span>asured at its f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue plus any transa<span class=\"_ _0\"></span>ction costs that are di<span class=\"ws1\">-</span>rectly attributable to the a<span class=\"_ _0\"></span>cquisition of the \ue615nancial assets. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rel<span class=\"_ _0\"></span>ated to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t and los<span class=\"_ _0\"></span>s are recognize<span class=\"_ _0\"></span>d in the income statement.\ue618e Group derecogniz<span class=\"_ _0\"></span>es a \ue615nancial asset when the contr<span class=\"_ _2\"></span>actual rights to the cash \ue617ows from the asset e<span class=\"_ _0\"></span>xpire<span class=\"_ _0\"></span>, or<span class=\"_ _0\"></span> when it transfers the rig<span class=\"_ _0\"></span>hts to receive the contr<span class=\"_ _0\"></span>actual cash \ue617ow<span class=\"_ _0\"></span>s on a \ue615nancial asset in a tr<span class=\"_ _0\"></span>ansaction in which substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _2\"></span>ards of ownership of the \ue615nancial asset are tr<span class=\"_ _2\"></span>ansferred. In a tr<span class=\"_ _0\"></span>ansaction where an entit<span class=\"_ _0\"></span>y neither tr<span class=\"_ _2\"></span>ansfers nor retains substantially<span class=\"_ _0\"></span> all of the risks and rew<span class=\"_ _0\"></span>ards of ow<span class=\"_ _0\"></span>nership of a \ue615nancial asset, the r<span class=\"_ _0\"></span>elated asset is der<span class=\"_ _0\"></span>ecognized in case the entity lost control of the asset.<span class=\"_ _2\"></span> Financial assets and liabilities are o\ue614set and the net amount presented in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position when,<span class=\"_ _0\"></span> and only when, the Gr<span class=\"_ _0\"></span>oup has a legal right to o\ue614set the amounts and intends either<span class=\"_ _2\"></span> to settle on a net basis or<span class=\"_ _0\"></span> to realiz<span class=\"_ _0\"></span>e the asset and settle the liability simultaneously<span class=\"_ _2\"></span>.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of non-deriv<span class=\"_ _2\"></span>ative \ue615nancial assets: \ue615nancial assets a<span class=\"_ _0\"></span>t amortized cost and \ue615nancial assets at fair<span class=\"_ _2\"></span> value through other<span class=\"_ _0\"></span> comprehensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _0\"></span> Its classi\ue615cation r<span class=\"_ _0\"></span>e\ue617ects the business model in which the assets are manag<span class=\"_ _0\"></span>ed and their cash \ue617o<span class=\"_ _0\"></span>w char<span class=\"_ _0\"></span>acteristics.A. Financial assets at amortized costA \ue615nancial asset is s<span class=\"_ _0\"></span>ubsequently measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t if it is held within a business model w<span class=\"_ _0\"></span>hose objective is to hold \ue615nancial assets in or<span class=\"_ _0\"></span>der to collect contr<span class=\"_ _2\"></span>actual cash \ue617ows and the contractu<span class=\"_ _0\"></span>al terms of the \ue615nancial asset give rise on speci<span class=\"ws1\">-</span>\ue615ed dates to cash \ue617ow<span class=\"_ _0\"></span>s that are solely p<span class=\"_ _0\"></span>ayments of principal and inter<span class=\"_ _0\"></span>est on the principal amount outstanding<span class=\"_ _2\"></span>.All the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s receiv<span class=\"_ _0\"></span>ables \u2013 tra<span class=\"_ _0\"></span>de receiv<span class=\"_ _0\"></span>ables, receiv<span class=\"_ _2\"></span>ables under \ue615nance le<span class=\"_ _0\"></span>ases as well as other<span class=\"_ _0\"></span> receiv<span class=\"_ _2\"></span>ables \u2013 and cash and cash equivalents \ue615t into af<span class=\"_ _0\"></span>orementioned de\ue615nition and are consequently me<span class=\"_ _2\"></span>asured at amortized cost.B. Financial assets at fair value through other comprehensive income (FVOCI)A debt instrument is me<span class=\"_ _2\"></span>asured at fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough other compr<span class=\"_ _0\"></span>ehensive income if it is held w<span class=\"_ _0\"></span>ithin a business model whose objective is achiev<span class=\"_ _0\"></span>ed by both collecting contr<span class=\"_ _2\"></span>actual cash \ue617ows and selling \ue615nancial assets and the contr<span class=\"_ _2\"></span>actual terms of the \ue615nancial asset give rise on speci\ue615e<span class=\"_ _0\"></span>d dates to cash \ue617ows th<span class=\"_ _0\"></span>at are solely p<span class=\"_ _0\"></span>ayments of principal and inter<span class=\"_ _0\"></span>est on the principal amount outstanding<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t income calculated using the e\ue614ectiv<span class=\"_ _0\"></span>e interest method,<span class=\"_ _0\"></span> foreign ex<span class=\"_ _0\"></span>change gains and losses and impairment are r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss. Other net gains and los<span class=\"_ _0\"></span>ses are recognize<span class=\"_ _0\"></span>d in OCI. On derecognition,<span class=\"_ _0\"></span> gains and losses accumulate<span class=\"_ _0\"></span>d in OCI are reclassi\ue615e<span class=\"_ _0\"></span>d to pro\ue615t or<span class=\"_ _0\"></span> loss.\ue618e Group has made an irr<span class=\"_ _0\"></span>evocable election for<span class=\"_ _2\"></span> the investment in Digital Illustr<span class=\"_ _0\"></span>ate Inc. to clas<span class=\"_ _0\"></span>sify it as FV<span class=\"_ _0\"></span>OCI. <span class=\"_ _2\"></span>\ue618e impact of subsequent measur<span class=\"_ _0\"></span>ement of this investment in equity<span class=\"_ _0\"></span> securities is re\ue617ected in OCI under<span class=\"_ _0\"></span> \u2018Other<span class=\"_ _2\"></span> reserves\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618is item in OCI will not be recl<span class=\"_ _0\"></span>assi\ue615ed subsequently to pro\ue615t or<span class=\"_ _2\"></span> loss.50.<span class=\"_ _2\"></span>12.2 Financial liabilitiesFinancial liabilities comprise debentur<span class=\"_ _0\"></span>es, uncommitted b<span class=\"_ _0\"></span>ank facilities,<span class=\"_ _0\"></span> revolv<span class=\"_ _0\"></span>ing and other cr<span class=\"_ _0\"></span>edit facilities,<span class=\"_ _0\"></span> tra<span class=\"_ _0\"></span>de and other pay<span class=\"_ _2\"></span>ables as well as deriv<span class=\"_ _0\"></span>ative \ue615nancial instr<span class=\"_ _0\"></span>uments.Financial liabilities ar<span class=\"_ _0\"></span>e recognized initially<span class=\"_ _0\"></span> at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue on the trade da<span class=\"_ _0\"></span>te at which the Group becomes a p<span class=\"_ _0\"></span>arty to the con<span class=\"ws1\">-</span>tractu<span class=\"_ _0\"></span>al provisions of the instr<span class=\"_ _0\"></span>ument.At initial recognition,<span class=\"_ _2\"></span> the Group measures its \ue615nancial li<span class=\"_ _0\"></span>abilities at its fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue less any tr<span class=\"_ _2\"></span>ansaction costs that are directly attributable to the issuance of the \ue615nanci<span class=\"_ _0\"></span>al liability<span class=\"_ _2\"></span>.Non-deriv<span class=\"_ _0\"></span>ative \ue615nancial lia<span class=\"_ _0\"></span>bilities are subsequently me<span class=\"_ _0\"></span>asured at amortiz<span class=\"_ _0\"></span>ed cost ex<span class=\"_ _0\"></span>cept for \ue615n<span class=\"_ _0\"></span>ancial liabilities that arise w<span class=\"_ _0\"></span>hen a transfer<span class=\"_ _2\"></span> of a \ue615nancial asset does not qualify for de-r<span class=\"_ _0\"></span>ecognition or when the continuin<span class=\"_ _0\"></span>g involv<span class=\"_ _0\"></span>ement approach applies.Interest-be<span class=\"_ _0\"></span>aring loans and borro<span class=\"_ _0\"></span>wings are s<span class=\"_ _0\"></span>tated at amortized cos<span class=\"_ _0\"></span>t with any<span class=\"_ _0\"></span> di\ue614erence betw<span class=\"_ _0\"></span>een the initial amount and the maturity amount being r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss over the e<span class=\"_ _0\"></span>xpected life of the instrument on an e\ue614ectiv<span class=\"_ _0\"></span>e interest r<span class=\"_ _0\"></span>ate basis.If a transfer<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> a \ue615nancial asset does not res<span class=\"_ _0\"></span>ult in de-recognition because the entity has r<span class=\"_ _0\"></span>etained substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _0\"></span>ards of ownership of the tr<span class=\"_ _2\"></span>ansferred asset, the Group continues to r<span class=\"_ _0\"></span>ecognize the tr<span class=\"_ _0\"></span>ansferred asset in its entir<span class=\"_ _0\"></span>ety and recognizes a \ue615nanci<span class=\"_ _0\"></span>al liability for<span class=\"_ _2\"></span> the consideration receive<span class=\"_ _0\"></span>d. In subsequent periods,<span class=\"_ _0\"></span> the Group recogniz<span class=\"_ _0\"></span>ed any income on the transferr<span class=\"_ _0\"></span>ed asset and any<span class=\"_ _0\"></span> expense incurred on the \ue615n<span class=\"_ _0\"></span>ancial liability<span class=\"_ _2\"></span>.If the Group neither tr<span class=\"_ _2\"></span>ansfers nor retains substanti<span class=\"_ _0\"></span>ally all the risks and rew<span class=\"_ _2\"></span>ards of ownership of a transferr<span class=\"_ _0\"></span>ed asset, and retains control of the tr<span class=\"_ _0\"></span>ansferred asset,<span class=\"_ _2\"></span> the entity continues to recognize the transf<span class=\"_ _0\"></span>erred asset to the extent of its continuing involv<span class=\"_ _0\"></span>ement and recognizes an as<span class=\"_ _0\"></span>sociated liability<span class=\"_ _1\"></span>. \ue618e e<span class=\"_ _0\"></span>xtent of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s continuing involv<span class=\"_ _0\"></span>ement in the transferr<span class=\"_ _0\"></span>ed asset is the extent to which it is e<span class=\"_ _0\"></span>xposed to changes in the <span class=\"_ _0\"></span>value of the tr<span class=\"_ _0\"></span>ansferred as<span class=\"_ _0\"></span>set.\ue618e transferr<span class=\"_ _0\"></span>ed asset and the associate<span class=\"_ _0\"></span>d liability ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d on a basis that re\ue617ects the rig<span class=\"_ _0\"></span>hts and obligations that the en<span class=\"ws1\">-</span>tity has retaine<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e associated liability is me<span class=\"_ _0\"></span>asured in such a w<span class=\"_ _2\"></span>ay that the net carrying amount of the tr<span class=\"_ _0\"></span>ansferred asset and the associated lia<span class=\"_ _0\"></span>bility is the amortized cost of the rights and oblig<span class=\"_ _0\"></span>ations retained b<span class=\"_ _0\"></span>y the Group assuming the tr<span class=\"_ _2\"></span>ansferred asset is measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t.\ue618e Group de-recogniz<span class=\"_ _0\"></span>es a \ue615nancial liability <span class=\"_ _0\"></span>when its contra<span class=\"_ _0\"></span>ctual obligations are dischar<span class=\"_ _0\"></span>ged, cance<span class=\"_ _0\"></span>lled or e<span class=\"_ _0\"></span>xpired.<span class=\"_ _0\"></span> \ue618e Group also de-recogniz<span class=\"_ _0\"></span>es a \ue615nancial liability<span class=\"_ _0\"></span> when the terms are modi\ue615ed and the cash \ue617o<span class=\"_ _0\"></span>ws of the modi\ue615ed liability ar<span class=\"_ _0\"></span>e substantially di\ue614er<span class=\"_ _0\"></span>ent, in w<span class=\"_ _0\"></span>hich case a new \ue615nancial liability<span class=\"_ _0\"></span> based on modi\ue615ed terms is r<span class=\"_ _0\"></span>ecognized at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. On de-r<span class=\"_ _0\"></span>ec<span class=\"ws1\">-</span>ognition of the \ue615nancial liability<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the di\ue614erence betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _2\"></span>ation paid is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss.50.<span class=\"_ _2\"></span>12.3 Derivative \ue61fnancial instruments and hedge accounting\ue618e Group uses deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments primarily to manag<span class=\"_ _0\"></span>e its exposure to f<span class=\"_ _0\"></span>oreign currency risks and price changes in commodities arising fr<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, \ue615nancing and in<span class=\"_ _0\"></span>vestment activ<span class=\"_ _0\"></span>ities.\ue618e Group uses follow<span class=\"_ _0\"></span>ing types of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts used for hedging<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>wap contracts use<span class=\"_ _0\"></span>d for hedgin<span class=\"_ _0\"></span>g and other forw<span class=\"_ _0\"></span>ard e<span class=\"_ _0\"></span>xchange contr<span class=\"_ _2\"></span>acts and swap contr<span class=\"_ _2\"></span>acts.\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge the <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>ability in cash \ue617ows arisin<span class=\"_ _0\"></span>g from changes in f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>change r<span class=\"_ _2\"></span>ates relating to future sales.<span class=\"_ _2\"></span> \ue618e Group also uses metal s<span class=\"_ _0\"></span>wap agr<span class=\"_ _0\"></span>eements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposur<span class=\"_ _0\"></span>e to \ue617uctu<span class=\"ls1 ws1\">-</span>ations in commodity prices re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted purchases of aluminum.<span class=\"_ _0\"></span> \ue618e contr<span class=\"_ _2\"></span>acts are designated as cash \ue617ow hedg<span class=\"_ _0\"></span>es and are held for<span class=\"_ _0\"></span> the purpose of the receipt of commodities in accord<span class=\"_ _0\"></span>ance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected<span class=\"_ _0\"></span> usage of aluminum.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments th<span class=\"_ _0\"></span>at are not designate<span class=\"_ _0\"></span>d as cash \ue617ow hedges ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss. In accor<span class=\"_ _2\"></span>dance with its treasury policy<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup does not currently hold or<span class=\"_ _0\"></span> issue deriv<span class=\"_ _2\"></span>atives for tr<span class=\"_ _0\"></span>ading purposes.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e initially recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value on the date at w<span class=\"_ _0\"></span>hich a derivativ<span class=\"_ _0\"></span>e contract is enter<span class=\"_ _0\"></span>ed into (tr<span class=\"_ _0\"></span>ade date<span class=\"_ _0\"></span>) and are subsequently r<span class=\"_ _0\"></span>e-measure<span class=\"_ _0\"></span>d at their f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. In case cash \ue617o<span class=\"_ _0\"></span>w hedge or<span class=\"_ _0\"></span> net inv<span class=\"_ _0\"></span>estment hedge accounting is applied,<span class=\"_ _0\"></span> the e\ue614ective portion of any g<span class=\"_ _0\"></span>ain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rela<span class=\"_ _0\"></span>ted to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t and loss are recogniz<span class=\"_ _0\"></span>ed in the income statement.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: deriv<span class=\"_ _2\"></span>atives not formally designated as hedgin<span class=\"_ _0\"></span>g instruments and cash \ue617ow he<span class=\"_ _0\"></span>dging instruments.A. Hedging instruments\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contra<span class=\"_ _0\"></span>cts and sw<span class=\"_ _0\"></span>ap contra<span class=\"_ _0\"></span>cts, that ar<span class=\"_ _0\"></span>e formally designated as cash \ue617o<span class=\"_ _0\"></span>w hedging instr<span class=\"_ _0\"></span>u<span class=\"ws1\">-</span>ments, are s<span class=\"_ _0\"></span>ubsequently re-meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.Cash \ue617ow hedg<span class=\"_ _0\"></span>e accounting is applied to all hedg<span class=\"_ _0\"></span>es that qualify for<span class=\"_ _0\"></span> hedge accountin<span class=\"_ _0\"></span>g when require<span class=\"_ _0\"></span>d documentation of the hedging rel<span class=\"_ _0\"></span>ationship is in place and when the hedg<span class=\"_ _0\"></span>e is determined to be e\ue614ective<span class=\"_ _2\"></span>. When hedge accountin<span class=\"_ _0\"></span>g is applied, the e\ue614ective portion of any<span class=\"_ _0\"></span> gain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss.With r<span class=\"_ _0\"></span>egard to hedg<span class=\"_ _0\"></span>e accounting,<span class=\"_ _0\"></span> the Group applies the requir<span class=\"_ _0\"></span>ements of IFRS 9. <span class=\"_ _2\"></span>\ue618is standard requires the Gr<span class=\"_ _0\"></span>oup to en<span class=\"ws1\">-</span>sure that he<span class=\"_ _0\"></span>dge accounting re<span class=\"_ _0\"></span>lationships are aligned <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk manag<span class=\"_ _0\"></span>ement objectives and str<span class=\"_ _0\"></span>ategy and to apply a more qualitativ<span class=\"_ _0\"></span>e and forwar<span class=\"_ _0\"></span>d looking appro<span class=\"_ _0\"></span>ach to assessing hedg<span class=\"_ _0\"></span>e e\ue614ectiveness.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group uses forwar<span class=\"_ _2\"></span>d exchange contracts to he<span class=\"_ _0\"></span>dge the v<span class=\"_ _0\"></span>ariability in cash \ue617o<span class=\"_ _0\"></span>ws arising from chan<span class=\"_ _0\"></span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates r<span class=\"_ _0\"></span>elating to futur<span class=\"_ _0\"></span>e sales. <span class=\"_ _2\"></span>\ue618e Group currently design<span class=\"_ _0\"></span>ates only the change of the spot element of the forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contract as the hedgin<span class=\"_ _0\"></span>g instru<span class=\"ws1\">-</span>ment in cash \ue617ow hedging r<span class=\"_ _0\"></span>elationships.<span class=\"_ _0\"></span> Under IFR<span class=\"_ _0\"></span>S 9, the chang<span class=\"_ _0\"></span>e in the fair <span class=\"_ _0\"></span>value of the forw<span class=\"_ _2\"></span>ard element (\u2018f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d points\u2019) is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss and re\ue617ected in <span class=\"_ _0\"></span>\u2018Net \ue615nance costs.<span class=\"_ _1\"></span>\u2019\ue618e Group also uses metal sw<span class=\"_ _2\"></span>ap agreements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to \ue617uctu<span class=\"_ _0\"></span>ations in commodity prices rel<span class=\"_ _0\"></span>ated to highly prob<span class=\"_ _0\"></span>able forecasted pur<span class=\"_ _0\"></span>chases of aluminum.\ue618e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges and are he<span class=\"_ _0\"></span>ld for the purpose of the receipt of commodities in accor<span class=\"_ _2\"></span>dance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected usag<span class=\"_ _0\"></span>e of aluminum. Under<span class=\"_ _0\"></span> IFRS 9 as well as under<span class=\"_ _2\"></span> IAS 39, the amounts accumulated in the cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve are remo<span class=\"_ _0\"></span>ved fr<span class=\"_ _0\"></span>om OCI and included in the initial carrying amount of the inv<span class=\"_ _0\"></span>entory purchased.\ue618e types of hedge accountin<span class=\"_ _0\"></span>g transactions tha<span class=\"_ _0\"></span>t the Group currently design<span class=\"_ _0\"></span>ates meet the requirements of IFRS 9 and ar<span class=\"_ _0\"></span>e aligned with the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk management str<span class=\"_ _0\"></span>ategy and objectives.If the hedge no longer<span class=\"_ _2\"></span> meets the criteria for hedge a<span class=\"_ _0\"></span>ccounting or the hedgin<span class=\"_ _0\"></span>g instrument is sold, e<span class=\"_ _0\"></span>xpires, is termin<span class=\"_ _0\"></span>ated or exer<span class=\"_ _0\"></span>cised, then hedg<span class=\"_ _0\"></span>e accounting is discontinued prospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>When hedge accounting f<span class=\"_ _0\"></span>or cash \ue617ow<span class=\"_ _0\"></span> hedges is discontin<span class=\"ws1\">-</span>ued, the amount tha<span class=\"_ _0\"></span>t has been accumulated in hedg<span class=\"_ _0\"></span>e reserve rem<span class=\"_ _0\"></span>ains in other compre<span class=\"_ _0\"></span>hensive income until, for<span class=\"_ _2\"></span> a hedge of a transaction r<span class=\"_ _0\"></span>esulting in the recognition of a non-\ue615nancial item,<span class=\"_ _2\"></span> it is included in the non-\ue615nancial item<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s initial cost or for<span class=\"_ _2\"></span> other cash \ue617o<span class=\"_ _0\"></span>w hedges,<span class=\"_ _0\"></span> it is reclassi\ue615ed to pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s in the same period or periods as the hedg<span class=\"_ _0\"></span>ed expected f<span class=\"_ _0\"></span>uture cash \ue617ows a\ue614ect pr<span class=\"_ _0\"></span>o\ue615t or loss.If the hedged futur<span class=\"_ _0\"></span>e cash \ue617ows are no long<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xpected to occur<span class=\"_ _2\"></span>, then the amounts that ha<span class=\"_ _0\"></span>ve been accumulated in the he<span class=\"_ _0\"></span>dge reserve are immedi<span class=\"_ _0\"></span>ately reclas<span class=\"_ _0\"></span>si\ue615ed to pro\ue615t or<span class=\"_ _0\"></span> loss.B. Mandatory at FVTPLDeriva<span class=\"_ _0\"></span>tive \ue615nancial instruments <span class=\"_ _0\"></span>that are economic hedg<span class=\"_ _0\"></span>es but that do not meet the hedge a<span class=\"_ _0\"></span>ccounting criteria of IFRS 9 are categorize<span class=\"_ _0\"></span>d as Mandatory at FVTPL<span class=\"_ _0\"></span> and are accounted f<span class=\"_ _0\"></span>or as \ue615nancial as<span class=\"_ _0\"></span>sets or liabilities a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss. \ue618e impact in pro\ue615t or<span class=\"_ _2\"></span> loss is re\ue617ected in either <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> operating income/<span class=\"_ _1\"></span>expense\u2019 or<span class=\"_ _2\"></span> \u2018Net \ue615nance costs<span class=\"_ _0\"></span>\u2019 depending on the nature of the item economically hedg<span class=\"_ _0\"></span>ed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__145": {
   "value": "50.<span class=\"_ _2\"></span>12.1 Financial assetsFinancial assets comprise equity and de<span class=\"_ _0\"></span>bt instruments in another entit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, cash and cash equiv<span class=\"_ _0\"></span>alents, lo<span class=\"_ _0\"></span>ans receiv<span class=\"_ _0\"></span>able,<span class=\"_ _2\"></span> trade receiv<span class=\"_ _0\"></span>ables, r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles under \ue615nance le<span class=\"_ _0\"></span>ases and other r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles as well as deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments.\ue618e Group initially r<span class=\"_ _0\"></span>ecognizes loans and receiv<span class=\"_ _2\"></span>ables on the date that they are origin<span class=\"_ _0\"></span>ated. <span class=\"_ _0\"></span>All other non-deriv<span class=\"_ _2\"></span>ative \ue615nancial assets are recogniz<span class=\"_ _0\"></span>ed on the tra<span class=\"_ _0\"></span>de date when the Gr<span class=\"_ _0\"></span>oup becomes a party to the contr<span class=\"_ _0\"></span>actual pro<span class=\"_ _0\"></span>visions of the instrument.A tr<span class=\"_ _0\"></span>ade receiv<span class=\"_ _0\"></span>able without signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancing is initially me<span class=\"_ _0\"></span>asured at its f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue plus any transa<span class=\"_ _0\"></span>ction costs that are di<span class=\"ws1\">-</span>rectly attributable to the a<span class=\"_ _0\"></span>cquisition of the \ue615nancial assets. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rel<span class=\"_ _0\"></span>ated to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t and los<span class=\"_ _0\"></span>s are recognize<span class=\"_ _0\"></span>d in the income statement.\ue618e Group derecogniz<span class=\"_ _0\"></span>es a \ue615nancial asset when the contr<span class=\"_ _2\"></span>actual rights to the cash \ue617ows from the asset e<span class=\"_ _0\"></span>xpire<span class=\"_ _0\"></span>, or<span class=\"_ _0\"></span> when it transfers the rig<span class=\"_ _0\"></span>hts to receive the contr<span class=\"_ _0\"></span>actual cash \ue617ow<span class=\"_ _0\"></span>s on a \ue615nancial asset in a tr<span class=\"_ _0\"></span>ansaction in which substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _2\"></span>ards of ownership of the \ue615nancial asset are tr<span class=\"_ _2\"></span>ansferred. In a tr<span class=\"_ _0\"></span>ansaction where an entit<span class=\"_ _0\"></span>y neither tr<span class=\"_ _2\"></span>ansfers nor retains substantially<span class=\"_ _0\"></span> all of the risks and rew<span class=\"_ _0\"></span>ards of ow<span class=\"_ _0\"></span>nership of a \ue615nancial asset, the r<span class=\"_ _0\"></span>elated asset is der<span class=\"_ _0\"></span>ecognized in case the entity lost control of the asset.<span class=\"_ _2\"></span> Financial assets and liabilities are o\ue614set and the net amount presented in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position when,<span class=\"_ _0\"></span> and only when, the Gr<span class=\"_ _0\"></span>oup has a legal right to o\ue614set the amounts and intends either<span class=\"_ _2\"></span> to settle on a net basis or<span class=\"_ _0\"></span> to realiz<span class=\"_ _0\"></span>e the asset and settle the liability simultaneously<span class=\"_ _2\"></span>.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of non-deriv<span class=\"_ _2\"></span>ative \ue615nancial assets: \ue615nancial assets a<span class=\"_ _0\"></span>t amortized cost and \ue615nancial assets at fair<span class=\"_ _2\"></span> value through other<span class=\"_ _0\"></span> comprehensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _0\"></span> Its classi\ue615cation r<span class=\"_ _0\"></span>e\ue617ects the business model in which the assets are manag<span class=\"_ _0\"></span>ed and their cash \ue617o<span class=\"_ _0\"></span>w char<span class=\"_ _0\"></span>acteristics.A. Financial assets at amortized costA \ue615nancial asset is s<span class=\"_ _0\"></span>ubsequently measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t if it is held within a business model w<span class=\"_ _0\"></span>hose objective is to hold \ue615nancial assets in or<span class=\"_ _0\"></span>der to collect contr<span class=\"_ _2\"></span>actual cash \ue617ows and the contractu<span class=\"_ _0\"></span>al terms of the \ue615nancial asset give rise on speci<span class=\"ws1\">-</span>\ue615ed dates to cash \ue617ow<span class=\"_ _0\"></span>s that are solely p<span class=\"_ _0\"></span>ayments of principal and inter<span class=\"_ _0\"></span>est on the principal amount outstanding<span class=\"_ _2\"></span>.All the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s receiv<span class=\"_ _0\"></span>ables \u2013 tra<span class=\"_ _0\"></span>de receiv<span class=\"_ _0\"></span>ables, receiv<span class=\"_ _2\"></span>ables under \ue615nance le<span class=\"_ _0\"></span>ases as well as other<span class=\"_ _0\"></span> receiv<span class=\"_ _2\"></span>ables \u2013 and cash and cash equivalents \ue615t into af<span class=\"_ _0\"></span>orementioned de\ue615nition and are consequently me<span class=\"_ _2\"></span>asured at amortized cost.B. Financial assets at fair value through other comprehensive income (FVOCI)A debt instrument is me<span class=\"_ _2\"></span>asured at fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough other compr<span class=\"_ _0\"></span>ehensive income if it is held w<span class=\"_ _0\"></span>ithin a business model whose objective is achiev<span class=\"_ _0\"></span>ed by both collecting contr<span class=\"_ _2\"></span>actual cash \ue617ows and selling \ue615nancial assets and the contr<span class=\"_ _2\"></span>actual terms of the \ue615nancial asset give rise on speci\ue615e<span class=\"_ _0\"></span>d dates to cash \ue617ows th<span class=\"_ _0\"></span>at are solely p<span class=\"_ _0\"></span>ayments of principal and inter<span class=\"_ _0\"></span>est on the principal amount outstanding<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t income calculated using the e\ue614ectiv<span class=\"_ _0\"></span>e interest method,<span class=\"_ _0\"></span> foreign ex<span class=\"_ _0\"></span>change gains and losses and impairment are r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss. Other net gains and los<span class=\"_ _0\"></span>ses are recognize<span class=\"_ _0\"></span>d in OCI. On derecognition,<span class=\"_ _0\"></span> gains and losses accumulate<span class=\"_ _0\"></span>d in OCI are reclassi\ue615e<span class=\"_ _0\"></span>d to pro\ue615t or<span class=\"_ _0\"></span> loss.\ue618e Group has made an irr<span class=\"_ _0\"></span>evocable election for<span class=\"_ _2\"></span> the investment in Digital Illustr<span class=\"_ _0\"></span>ate Inc. to clas<span class=\"_ _0\"></span>sify it as FV<span class=\"_ _0\"></span>OCI. <span class=\"_ _2\"></span>\ue618e impact of subsequent measur<span class=\"_ _0\"></span>ement of this investment in equity<span class=\"_ _0\"></span> securities is re\ue617ected in OCI under<span class=\"_ _0\"></span> \u2018Other<span class=\"_ _2\"></span> reserves\u2019<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>\ue618is item in OCI will not be recl<span class=\"_ _0\"></span>assi\ue615ed subsequently to pro\ue615t or<span class=\"_ _2\"></span> loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__147": {
   "value": "\ue618e Group derecogniz<span class=\"_ _0\"></span>es a \ue615nancial asset when the contr<span class=\"_ _2\"></span>actual rights to the cash \ue617ows from the asset e<span class=\"_ _0\"></span>xpire<span class=\"_ _0\"></span>, or<span class=\"_ _0\"></span> when it transfers the rig<span class=\"_ _0\"></span>hts to receive the contr<span class=\"_ _0\"></span>actual cash \ue617ow<span class=\"_ _0\"></span>s on a \ue615nancial asset in a tr<span class=\"_ _0\"></span>ansaction in which substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _2\"></span>ards of ownership of the \ue615nancial asset are tr<span class=\"_ _2\"></span>ansferred. In a tr<span class=\"_ _0\"></span>ansaction where an entit<span class=\"_ _0\"></span>y neither tr<span class=\"_ _2\"></span>ansfers nor retains substantially<span class=\"_ _0\"></span> all of the risks and rew<span class=\"_ _0\"></span>ards of ow<span class=\"_ _0\"></span>nership of a \ue615nancial asset, the r<span class=\"_ _0\"></span>elated asset is der<span class=\"_ _0\"></span>ecognized in case the entity lost control of the asset.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__148": {
   "value": "Financial assets and liabilities are o\ue614set and the net amount presented in the s<span class=\"_ _0\"></span>tatement of \ue615nancial position when,<span class=\"_ _0\"></span> and only when, the Gr<span class=\"_ _0\"></span>oup has a legal right to o\ue614set the amounts and intends either<span class=\"_ _2\"></span> to settle on a net basis or<span class=\"_ _0\"></span> to realiz<span class=\"_ _0\"></span>e the asset and settle the liability simultaneously<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__146": {
   "value": "50.<span class=\"_ _2\"></span>12.2 Financial liabilitiesFinancial liabilities comprise debentur<span class=\"_ _0\"></span>es, uncommitted b<span class=\"_ _0\"></span>ank facilities,<span class=\"_ _0\"></span> revolv<span class=\"_ _0\"></span>ing and other cr<span class=\"_ _0\"></span>edit facilities,<span class=\"_ _0\"></span> tra<span class=\"_ _0\"></span>de and other pay<span class=\"_ _2\"></span>ables as well as deriv<span class=\"_ _0\"></span>ative \ue615nancial instr<span class=\"_ _0\"></span>uments.Financial liabilities ar<span class=\"_ _0\"></span>e recognized initially<span class=\"_ _0\"></span> at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue on the trade da<span class=\"_ _0\"></span>te at which the Group becomes a p<span class=\"_ _0\"></span>arty to the con<span class=\"ws1\">-</span>tractu<span class=\"_ _0\"></span>al provisions of the instr<span class=\"_ _0\"></span>ument.At initial recognition,<span class=\"_ _2\"></span> the Group measures its \ue615nancial li<span class=\"_ _0\"></span>abilities at its fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue less any tr<span class=\"_ _2\"></span>ansaction costs that are directly attributable to the issuance of the \ue615nanci<span class=\"_ _0\"></span>al liability<span class=\"_ _2\"></span>.Non-deriv<span class=\"_ _0\"></span>ative \ue615nancial lia<span class=\"_ _0\"></span>bilities are subsequently me<span class=\"_ _0\"></span>asured at amortiz<span class=\"_ _0\"></span>ed cost ex<span class=\"_ _0\"></span>cept for \ue615n<span class=\"_ _0\"></span>ancial liabilities that arise w<span class=\"_ _0\"></span>hen a transfer<span class=\"_ _2\"></span> of a \ue615nancial asset does not qualify for de-r<span class=\"_ _0\"></span>ecognition or when the continuin<span class=\"_ _0\"></span>g involv<span class=\"_ _0\"></span>ement approach applies.Interest-be<span class=\"_ _0\"></span>aring loans and borro<span class=\"_ _0\"></span>wings are s<span class=\"_ _0\"></span>tated at amortized cos<span class=\"_ _0\"></span>t with any<span class=\"_ _0\"></span> di\ue614erence betw<span class=\"_ _0\"></span>een the initial amount and the maturity amount being r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss over the e<span class=\"_ _0\"></span>xpected life of the instrument on an e\ue614ectiv<span class=\"_ _0\"></span>e interest r<span class=\"_ _0\"></span>ate basis.If a transfer<span class=\"_ _2\"></span> of<span class=\"_ _22\"></span> a \ue615nancial asset does not res<span class=\"_ _0\"></span>ult in de-recognition because the entity has r<span class=\"_ _0\"></span>etained substantially<span class=\"_ _0\"></span> all the risks and rew<span class=\"_ _0\"></span>ards of ownership of the tr<span class=\"_ _2\"></span>ansferred asset, the Group continues to r<span class=\"_ _0\"></span>ecognize the tr<span class=\"_ _0\"></span>ansferred asset in its entir<span class=\"_ _0\"></span>ety and recognizes a \ue615nanci<span class=\"_ _0\"></span>al liability for<span class=\"_ _2\"></span> the consideration receive<span class=\"_ _0\"></span>d. In subsequent periods,<span class=\"_ _0\"></span> the Group recogniz<span class=\"_ _0\"></span>ed any income on the transferr<span class=\"_ _0\"></span>ed asset and any<span class=\"_ _0\"></span> expense incurred on the \ue615n<span class=\"_ _0\"></span>ancial liability<span class=\"_ _2\"></span>.If the Group neither tr<span class=\"_ _2\"></span>ansfers nor retains substanti<span class=\"_ _0\"></span>ally all the risks and rew<span class=\"_ _2\"></span>ards of ownership of a transferr<span class=\"_ _0\"></span>ed asset, and retains control of the tr<span class=\"_ _0\"></span>ansferred asset,<span class=\"_ _2\"></span> the entity continues to recognize the transf<span class=\"_ _0\"></span>erred asset to the extent of its continuing involv<span class=\"_ _0\"></span>ement and recognizes an as<span class=\"_ _0\"></span>sociated liability<span class=\"_ _1\"></span>. \ue618e e<span class=\"_ _0\"></span>xtent of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s continuing involv<span class=\"_ _0\"></span>ement in the transferr<span class=\"_ _0\"></span>ed asset is the extent to which it is e<span class=\"_ _0\"></span>xposed to changes in the <span class=\"_ _0\"></span>value of the tr<span class=\"_ _0\"></span>ansferred as<span class=\"_ _0\"></span>set.\ue618e transferr<span class=\"_ _0\"></span>ed asset and the associate<span class=\"_ _0\"></span>d liability ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d on a basis that re\ue617ects the rig<span class=\"_ _0\"></span>hts and obligations that the en<span class=\"ws1\">-</span>tity has retaine<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>\ue618e associated liability is me<span class=\"_ _0\"></span>asured in such a w<span class=\"_ _2\"></span>ay that the net carrying amount of the tr<span class=\"_ _0\"></span>ansferred asset and the associated lia<span class=\"_ _0\"></span>bility is the amortized cost of the rights and oblig<span class=\"_ _0\"></span>ations retained b<span class=\"_ _0\"></span>y the Group assuming the tr<span class=\"_ _2\"></span>ansferred asset is measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t.\ue618e Group de-recogniz<span class=\"_ _0\"></span>es a \ue615nancial liability <span class=\"_ _0\"></span>when its contra<span class=\"_ _0\"></span>ctual obligations are dischar<span class=\"_ _0\"></span>ged, cance<span class=\"_ _0\"></span>lled or e<span class=\"_ _0\"></span>xpired.<span class=\"_ _0\"></span> \ue618e Group also de-recogniz<span class=\"_ _0\"></span>es a \ue615nancial liability<span class=\"_ _0\"></span> when the terms are modi\ue615ed and the cash \ue617o<span class=\"_ _0\"></span>ws of the modi\ue615ed liability ar<span class=\"_ _0\"></span>e substantially di\ue614er<span class=\"_ _0\"></span>ent, in w<span class=\"_ _0\"></span>hich case a new \ue615nancial liability<span class=\"_ _0\"></span> based on modi\ue615ed terms is r<span class=\"_ _0\"></span>ecognized at f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. On de-r<span class=\"_ _0\"></span>ec<span class=\"ws1\">-</span>ognition of the \ue615nancial liability<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the di\ue614erence betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _2\"></span>ation paid is recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__151": {
   "value": "50.<span class=\"_ _2\"></span>12.3 Derivative \ue61fnancial instruments and hedge accounting\ue618e Group uses deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments primarily to manag<span class=\"_ _0\"></span>e its exposure to f<span class=\"_ _0\"></span>oreign currency risks and price changes in commodities arising fr<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, \ue615nancing and in<span class=\"_ _0\"></span>vestment activ<span class=\"_ _0\"></span>ities.\ue618e Group uses follow<span class=\"_ _0\"></span>ing types of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts used for hedging<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>wap contracts use<span class=\"_ _0\"></span>d for hedgin<span class=\"_ _0\"></span>g and other forw<span class=\"_ _0\"></span>ard e<span class=\"_ _0\"></span>xchange contr<span class=\"_ _2\"></span>acts and swap contr<span class=\"_ _2\"></span>acts.\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge the <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>ability in cash \ue617ows arisin<span class=\"_ _0\"></span>g from changes in f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>change r<span class=\"_ _2\"></span>ates relating to future sales.<span class=\"_ _2\"></span> \ue618e Group also uses metal s<span class=\"_ _0\"></span>wap agr<span class=\"_ _0\"></span>eements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposur<span class=\"_ _0\"></span>e to \ue617uctu<span class=\"ls1 ws1\">-</span>ations in commodity prices re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted purchases of aluminum.<span class=\"_ _0\"></span> \ue618e contr<span class=\"_ _2\"></span>acts are designated as cash \ue617ow hedg<span class=\"_ _0\"></span>es and are held for<span class=\"_ _0\"></span> the purpose of the receipt of commodities in accord<span class=\"_ _0\"></span>ance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected<span class=\"_ _0\"></span> usage of aluminum.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments th<span class=\"_ _0\"></span>at are not designate<span class=\"_ _0\"></span>d as cash \ue617ow hedges ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss. In accor<span class=\"_ _2\"></span>dance with its treasury policy<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup does not currently hold or<span class=\"_ _0\"></span> issue deriv<span class=\"_ _2\"></span>atives for tr<span class=\"_ _0\"></span>ading purposes.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e initially recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value on the date at w<span class=\"_ _0\"></span>hich a derivativ<span class=\"_ _0\"></span>e contract is enter<span class=\"_ _0\"></span>ed into (tr<span class=\"_ _0\"></span>ade date<span class=\"_ _0\"></span>) and are subsequently r<span class=\"_ _0\"></span>e-measure<span class=\"_ _0\"></span>d at their f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. In case cash \ue617o<span class=\"_ _0\"></span>w hedge or<span class=\"_ _0\"></span> net inv<span class=\"_ _0\"></span>estment hedge accounting is applied,<span class=\"_ _0\"></span> the e\ue614ective portion of any g<span class=\"_ _0\"></span>ain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rela<span class=\"_ _0\"></span>ted to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t and loss are recogniz<span class=\"_ _0\"></span>ed in the income statement.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: deriv<span class=\"_ _2\"></span>atives not formally designated as hedgin<span class=\"_ _0\"></span>g instruments and cash \ue617ow he<span class=\"_ _0\"></span>dging instruments.A. Hedging instruments\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contra<span class=\"_ _0\"></span>cts and sw<span class=\"_ _0\"></span>ap contra<span class=\"_ _0\"></span>cts, that ar<span class=\"_ _0\"></span>e formally designated as cash \ue617o<span class=\"_ _0\"></span>w hedging instr<span class=\"_ _0\"></span>u<span class=\"ws1\">-</span>ments, are s<span class=\"_ _0\"></span>ubsequently re-meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.Cash \ue617ow hedg<span class=\"_ _0\"></span>e accounting is applied to all hedg<span class=\"_ _0\"></span>es that qualify for<span class=\"_ _0\"></span> hedge accountin<span class=\"_ _0\"></span>g when require<span class=\"_ _0\"></span>d documentation of the hedging rel<span class=\"_ _0\"></span>ationship is in place and when the hedg<span class=\"_ _0\"></span>e is determined to be e\ue614ective<span class=\"_ _2\"></span>. When hedge accountin<span class=\"_ _0\"></span>g is applied, the e\ue614ective portion of any<span class=\"_ _0\"></span> gain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss.With r<span class=\"_ _0\"></span>egard to hedg<span class=\"_ _0\"></span>e accounting,<span class=\"_ _0\"></span> the Group applies the requir<span class=\"_ _0\"></span>ements of IFRS 9. <span class=\"_ _2\"></span>\ue618is standard requires the Gr<span class=\"_ _0\"></span>oup to en<span class=\"ws1\">-</span>sure that he<span class=\"_ _0\"></span>dge accounting re<span class=\"_ _0\"></span>lationships are aligned <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk manag<span class=\"_ _0\"></span>ement objectives and str<span class=\"_ _0\"></span>ategy and to apply a more qualitativ<span class=\"_ _0\"></span>e and forwar<span class=\"_ _0\"></span>d looking appro<span class=\"_ _0\"></span>ach to assessing hedg<span class=\"_ _0\"></span>e e\ue614ectiveness.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group uses forwar<span class=\"_ _2\"></span>d exchange contracts to he<span class=\"_ _0\"></span>dge the v<span class=\"_ _0\"></span>ariability in cash \ue617o<span class=\"_ _0\"></span>ws arising from chan<span class=\"_ _0\"></span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates r<span class=\"_ _0\"></span>elating to futur<span class=\"_ _0\"></span>e sales. <span class=\"_ _2\"></span>\ue618e Group currently design<span class=\"_ _0\"></span>ates only the change of the spot element of the forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contract as the hedgin<span class=\"_ _0\"></span>g instru<span class=\"ws1\">-</span>ment in cash \ue617ow hedging r<span class=\"_ _0\"></span>elationships.<span class=\"_ _0\"></span> Under IFR<span class=\"_ _0\"></span>S 9, the chang<span class=\"_ _0\"></span>e in the fair <span class=\"_ _0\"></span>value of the forw<span class=\"_ _2\"></span>ard element (\u2018f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d points\u2019) is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss and re\ue617ected in <span class=\"_ _0\"></span>\u2018Net \ue615nance costs.<span class=\"_ _1\"></span>\u2019\ue618e Group also uses metal sw<span class=\"_ _2\"></span>ap agreements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to \ue617uctu<span class=\"_ _0\"></span>ations in commodity prices rel<span class=\"_ _0\"></span>ated to highly prob<span class=\"_ _0\"></span>able forecasted pur<span class=\"_ _0\"></span>chases of aluminum.\ue618e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges and are he<span class=\"_ _0\"></span>ld for the purpose of the receipt of commodities in accor<span class=\"_ _2\"></span>dance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected usag<span class=\"_ _0\"></span>e of aluminum. Under<span class=\"_ _0\"></span> IFRS 9 as well as under<span class=\"_ _2\"></span> IAS 39, the amounts accumulated in the cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve are remo<span class=\"_ _0\"></span>ved fr<span class=\"_ _0\"></span>om OCI and included in the initial carrying amount of the inv<span class=\"_ _0\"></span>entory purchased.\ue618e types of hedge accountin<span class=\"_ _0\"></span>g transactions tha<span class=\"_ _0\"></span>t the Group currently design<span class=\"_ _0\"></span>ates meet the requirements of IFRS 9 and ar<span class=\"_ _0\"></span>e aligned with the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk management str<span class=\"_ _0\"></span>ategy and objectives.If the hedge no longer<span class=\"_ _2\"></span> meets the criteria for hedge a<span class=\"_ _0\"></span>ccounting or the hedgin<span class=\"_ _0\"></span>g instrument is sold, e<span class=\"_ _0\"></span>xpires, is termin<span class=\"_ _0\"></span>ated or exer<span class=\"_ _0\"></span>cised, then hedg<span class=\"_ _0\"></span>e accounting is discontinued prospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>When hedge accounting f<span class=\"_ _0\"></span>or cash \ue617ow<span class=\"_ _0\"></span> hedges is discontin<span class=\"ws1\">-</span>ued, the amount tha<span class=\"_ _0\"></span>t has been accumulated in hedg<span class=\"_ _0\"></span>e reserve rem<span class=\"_ _0\"></span>ains in other compre<span class=\"_ _0\"></span>hensive income until, for<span class=\"_ _2\"></span> a hedge of a transaction r<span class=\"_ _0\"></span>esulting in the recognition of a non-\ue615nancial item,<span class=\"_ _2\"></span> it is included in the non-\ue615nancial item<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s initial cost or for<span class=\"_ _2\"></span> other cash \ue617o<span class=\"_ _0\"></span>w hedges,<span class=\"_ _0\"></span> it is reclassi\ue615ed to pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s in the same period or periods as the hedg<span class=\"_ _0\"></span>ed expected f<span class=\"_ _0\"></span>uture cash \ue617ows a\ue614ect pr<span class=\"_ _0\"></span>o\ue615t or loss.If the hedged futur<span class=\"_ _0\"></span>e cash \ue617ows are no long<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xpected to occur<span class=\"_ _2\"></span>, then the amounts that ha<span class=\"_ _0\"></span>ve been accumulated in the he<span class=\"_ _0\"></span>dge reserve are immedi<span class=\"_ _0\"></span>ately reclas<span class=\"_ _0\"></span>si\ue615ed to pro\ue615t or<span class=\"_ _0\"></span> loss.B. Mandatory at FVTPLDeriva<span class=\"_ _0\"></span>tive \ue615nancial instruments <span class=\"_ _0\"></span>that are economic hedg<span class=\"_ _0\"></span>es but that do not meet the hedge a<span class=\"_ _0\"></span>ccounting criteria of IFRS 9 are categorize<span class=\"_ _0\"></span>d as Mandatory at FVTPL<span class=\"_ _0\"></span> and are accounted f<span class=\"_ _0\"></span>or as \ue615nancial as<span class=\"_ _0\"></span>sets or liabilities a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss. \ue618e impact in pro\ue615t or<span class=\"_ _2\"></span> loss is re\ue617ected in either <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> operating income/<span class=\"_ _1\"></span>expense\u2019 or<span class=\"_ _2\"></span> \u2018Net \ue615nance costs<span class=\"_ _0\"></span>\u2019 depending on the nature of the item economically hedg<span class=\"_ _0\"></span>ed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__150": {
   "value": "50.<span class=\"_ _2\"></span>12.3 Derivative \ue61fnancial instruments and hedge accounting\ue618e Group uses deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments primarily to manag<span class=\"_ _0\"></span>e its exposure to f<span class=\"_ _0\"></span>oreign currency risks and price changes in commodities arising fr<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, \ue615nancing and in<span class=\"_ _0\"></span>vestment activ<span class=\"_ _0\"></span>ities.\ue618e Group uses follow<span class=\"_ _0\"></span>ing types of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts used for hedging<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>wap contracts use<span class=\"_ _0\"></span>d for hedgin<span class=\"_ _0\"></span>g and other forw<span class=\"_ _0\"></span>ard e<span class=\"_ _0\"></span>xchange contr<span class=\"_ _2\"></span>acts and swap contr<span class=\"_ _2\"></span>acts.\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge the <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>ability in cash \ue617ows arisin<span class=\"_ _0\"></span>g from changes in f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>change r<span class=\"_ _2\"></span>ates relating to future sales.<span class=\"_ _2\"></span> \ue618e Group also uses metal s<span class=\"_ _0\"></span>wap agr<span class=\"_ _0\"></span>eements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposur<span class=\"_ _0\"></span>e to \ue617uctu<span class=\"ls1 ws1\">-</span>ations in commodity prices re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted purchases of aluminum.<span class=\"_ _0\"></span> \ue618e contr<span class=\"_ _2\"></span>acts are designated as cash \ue617ow hedg<span class=\"_ _0\"></span>es and are held for<span class=\"_ _0\"></span> the purpose of the receipt of commodities in accord<span class=\"_ _0\"></span>ance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected<span class=\"_ _0\"></span> usage of aluminum.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments th<span class=\"_ _0\"></span>at are not designate<span class=\"_ _0\"></span>d as cash \ue617ow hedges ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss. In accor<span class=\"_ _2\"></span>dance with its treasury policy<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup does not currently hold or<span class=\"_ _0\"></span> issue deriv<span class=\"_ _2\"></span>atives for tr<span class=\"_ _0\"></span>ading purposes.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e initially recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value on the date at w<span class=\"_ _0\"></span>hich a derivativ<span class=\"_ _0\"></span>e contract is enter<span class=\"_ _0\"></span>ed into (tr<span class=\"_ _0\"></span>ade date<span class=\"_ _0\"></span>) and are subsequently r<span class=\"_ _0\"></span>e-measure<span class=\"_ _0\"></span>d at their f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. In case cash \ue617o<span class=\"_ _0\"></span>w hedge or<span class=\"_ _0\"></span> net inv<span class=\"_ _0\"></span>estment hedge accounting is applied,<span class=\"_ _0\"></span> the e\ue614ective portion of any g<span class=\"_ _0\"></span>ain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rela<span class=\"_ _0\"></span>ted to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t and loss are recogniz<span class=\"_ _0\"></span>ed in the income statement.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: deriv<span class=\"_ _2\"></span>atives not formally designated as hedgin<span class=\"_ _0\"></span>g instruments and cash \ue617ow he<span class=\"_ _0\"></span>dging instruments.A. Hedging instruments\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contra<span class=\"_ _0\"></span>cts and sw<span class=\"_ _0\"></span>ap contra<span class=\"_ _0\"></span>cts, that ar<span class=\"_ _0\"></span>e formally designated as cash \ue617o<span class=\"_ _0\"></span>w hedging instr<span class=\"_ _0\"></span>u<span class=\"ws1\">-</span>ments, are s<span class=\"_ _0\"></span>ubsequently re-meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.Cash \ue617ow hedg<span class=\"_ _0\"></span>e accounting is applied to all hedg<span class=\"_ _0\"></span>es that qualify for<span class=\"_ _0\"></span> hedge accountin<span class=\"_ _0\"></span>g when require<span class=\"_ _0\"></span>d documentation of the hedging rel<span class=\"_ _0\"></span>ationship is in place and when the hedg<span class=\"_ _0\"></span>e is determined to be e\ue614ective<span class=\"_ _2\"></span>. When hedge accountin<span class=\"_ _0\"></span>g is applied, the e\ue614ective portion of any<span class=\"_ _0\"></span> gain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss.With r<span class=\"_ _0\"></span>egard to hedg<span class=\"_ _0\"></span>e accounting,<span class=\"_ _0\"></span> the Group applies the requir<span class=\"_ _0\"></span>ements of IFRS 9. <span class=\"_ _2\"></span>\ue618is standard requires the Gr<span class=\"_ _0\"></span>oup to en<span class=\"ws1\">-</span>sure that he<span class=\"_ _0\"></span>dge accounting re<span class=\"_ _0\"></span>lationships are aligned <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk manag<span class=\"_ _0\"></span>ement objectives and str<span class=\"_ _0\"></span>ategy and to apply a more qualitativ<span class=\"_ _0\"></span>e and forwar<span class=\"_ _0\"></span>d looking appro<span class=\"_ _0\"></span>ach to assessing hedg<span class=\"_ _0\"></span>e e\ue614ectiveness.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group uses forwar<span class=\"_ _2\"></span>d exchange contracts to he<span class=\"_ _0\"></span>dge the v<span class=\"_ _0\"></span>ariability in cash \ue617o<span class=\"_ _0\"></span>ws arising from chan<span class=\"_ _0\"></span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates r<span class=\"_ _0\"></span>elating to futur<span class=\"_ _0\"></span>e sales. <span class=\"_ _2\"></span>\ue618e Group currently design<span class=\"_ _0\"></span>ates only the change of the spot element of the forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contract as the hedgin<span class=\"_ _0\"></span>g instru<span class=\"ws1\">-</span>ment in cash \ue617ow hedging r<span class=\"_ _0\"></span>elationships.<span class=\"_ _0\"></span> Under IFR<span class=\"_ _0\"></span>S 9, the chang<span class=\"_ _0\"></span>e in the fair <span class=\"_ _0\"></span>value of the forw<span class=\"_ _2\"></span>ard element (\u2018f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d points\u2019) is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss and re\ue617ected in <span class=\"_ _0\"></span>\u2018Net \ue615nance costs.<span class=\"_ _1\"></span>\u2019\ue618e Group also uses metal sw<span class=\"_ _2\"></span>ap agreements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to \ue617uctu<span class=\"_ _0\"></span>ations in commodity prices rel<span class=\"_ _0\"></span>ated to highly prob<span class=\"_ _0\"></span>able forecasted pur<span class=\"_ _0\"></span>chases of aluminum.\ue618e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges and are he<span class=\"_ _0\"></span>ld for the purpose of the receipt of commodities in accor<span class=\"_ _2\"></span>dance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected usag<span class=\"_ _0\"></span>e of aluminum. Under<span class=\"_ _0\"></span> IFRS 9 as well as under<span class=\"_ _2\"></span> IAS 39, the amounts accumulated in the cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve are remo<span class=\"_ _0\"></span>ved fr<span class=\"_ _0\"></span>om OCI and included in the initial carrying amount of the inv<span class=\"_ _0\"></span>entory purchased.\ue618e types of hedge accountin<span class=\"_ _0\"></span>g transactions tha<span class=\"_ _0\"></span>t the Group currently design<span class=\"_ _0\"></span>ates meet the requirements of IFRS 9 and ar<span class=\"_ _0\"></span>e aligned with the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk management str<span class=\"_ _0\"></span>ategy and objectives.If the hedge no longer<span class=\"_ _2\"></span> meets the criteria for hedge a<span class=\"_ _0\"></span>ccounting or the hedgin<span class=\"_ _0\"></span>g instrument is sold, e<span class=\"_ _0\"></span>xpires, is termin<span class=\"_ _0\"></span>ated or exer<span class=\"_ _0\"></span>cised, then hedg<span class=\"_ _0\"></span>e accounting is discontinued prospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>When hedge accounting f<span class=\"_ _0\"></span>or cash \ue617ow<span class=\"_ _0\"></span> hedges is discontin<span class=\"ws1\">-</span>ued, the amount tha<span class=\"_ _0\"></span>t has been accumulated in hedg<span class=\"_ _0\"></span>e reserve rem<span class=\"_ _0\"></span>ains in other compre<span class=\"_ _0\"></span>hensive income until, for<span class=\"_ _2\"></span> a hedge of a transaction r<span class=\"_ _0\"></span>esulting in the recognition of a non-\ue615nancial item,<span class=\"_ _2\"></span> it is included in the non-\ue615nancial item<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s initial cost or for<span class=\"_ _2\"></span> other cash \ue617o<span class=\"_ _0\"></span>w hedges,<span class=\"_ _0\"></span> it is reclassi\ue615ed to pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s in the same period or periods as the hedg<span class=\"_ _0\"></span>ed expected f<span class=\"_ _0\"></span>uture cash \ue617ows a\ue614ect pr<span class=\"_ _0\"></span>o\ue615t or loss.If the hedged futur<span class=\"_ _0\"></span>e cash \ue617ows are no long<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xpected to occur<span class=\"_ _2\"></span>, then the amounts that ha<span class=\"_ _0\"></span>ve been accumulated in the he<span class=\"_ _0\"></span>dge reserve are immedi<span class=\"_ _0\"></span>ately reclas<span class=\"_ _0\"></span>si\ue615ed to pro\ue615t or<span class=\"_ _0\"></span> loss.B. Mandatory at FVTPLDeriva<span class=\"_ _0\"></span>tive \ue615nancial instruments <span class=\"_ _0\"></span>that are economic hedg<span class=\"_ _0\"></span>es but that do not meet the hedge a<span class=\"_ _0\"></span>ccounting criteria of IFRS 9 are categorize<span class=\"_ _0\"></span>d as Mandatory at FVTPL<span class=\"_ _0\"></span> and are accounted f<span class=\"_ _0\"></span>or as \ue615nancial as<span class=\"_ _0\"></span>sets or liabilities a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss. \ue618e impact in pro\ue615t or<span class=\"_ _2\"></span> loss is re\ue617ected in either <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> operating income/<span class=\"_ _1\"></span>expense\u2019 or<span class=\"_ _2\"></span> \u2018Net \ue615nance costs<span class=\"_ _0\"></span>\u2019 depending on the nature of the item economically hedg<span class=\"_ _0\"></span>ed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__149": {
   "value": "50.<span class=\"_ _2\"></span>12.3 Derivative \ue61fnancial instruments and hedge accounting\ue618e Group uses deriv<span class=\"_ _0\"></span>ative \ue615nancial ins<span class=\"_ _0\"></span>truments primarily to manag<span class=\"_ _0\"></span>e its exposure to f<span class=\"_ _0\"></span>oreign currency risks and price changes in commodities arising fr<span class=\"_ _0\"></span>om operation<span class=\"_ _0\"></span>al, \ue615nancing and in<span class=\"_ _0\"></span>vestment activ<span class=\"_ _0\"></span>ities.\ue618e Group uses follow<span class=\"_ _0\"></span>ing types of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _2\"></span>acts used for hedging<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>wap contracts use<span class=\"_ _0\"></span>d for hedgin<span class=\"_ _0\"></span>g and other forw<span class=\"_ _0\"></span>ard e<span class=\"_ _0\"></span>xchange contr<span class=\"_ _2\"></span>acts and swap contr<span class=\"_ _2\"></span>acts.\ue618e Group uses forw<span class=\"_ _0\"></span>ard ex<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts to hedge the <span class=\"_ _0\"></span>vari<span class=\"_ _0\"></span>ability in cash \ue617ows arisin<span class=\"_ _0\"></span>g from changes in f<span class=\"_ _0\"></span>oreign ex<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-</span>change r<span class=\"_ _2\"></span>ates relating to future sales.<span class=\"_ _2\"></span> \ue618e Group also uses metal s<span class=\"_ _0\"></span>wap agr<span class=\"_ _0\"></span>eements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposur<span class=\"_ _0\"></span>e to \ue617uctu<span class=\"ls1 ws1\">-</span>ations in commodity prices re<span class=\"_ _0\"></span>lated to highly pr<span class=\"_ _0\"></span>obable for<span class=\"_ _0\"></span>ecasted purchases of aluminum.<span class=\"_ _0\"></span> \ue618e contr<span class=\"_ _2\"></span>acts are designated as cash \ue617ow hedg<span class=\"_ _0\"></span>es and are held for<span class=\"_ _0\"></span> the purpose of the receipt of commodities in accord<span class=\"_ _0\"></span>ance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected<span class=\"_ _0\"></span> usage of aluminum.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments th<span class=\"_ _0\"></span>at are not designate<span class=\"_ _0\"></span>d as cash \ue617ow hedges ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue through pro\ue615t or<span class=\"_ _2\"></span> loss. In accor<span class=\"_ _2\"></span>dance with its treasury policy<span class=\"_ _2\"></span>, the Gr<span class=\"_ _0\"></span>oup does not currently hold or<span class=\"_ _0\"></span> issue deriv<span class=\"_ _2\"></span>atives for tr<span class=\"_ _0\"></span>ading purposes.Deriva<span class=\"_ _0\"></span>tive \ue615nancial instruments ar<span class=\"_ _0\"></span>e initially recogniz<span class=\"_ _0\"></span>ed at fair<span class=\"_ _2\"></span> value on the date at w<span class=\"_ _0\"></span>hich a derivativ<span class=\"_ _0\"></span>e contract is enter<span class=\"_ _0\"></span>ed into (tr<span class=\"_ _0\"></span>ade date<span class=\"_ _0\"></span>) and are subsequently r<span class=\"_ _0\"></span>e-measure<span class=\"_ _0\"></span>d at their f<span class=\"_ _0\"></span>air v<span class=\"_ _2\"></span>alue. In case cash \ue617o<span class=\"_ _0\"></span>w hedge or<span class=\"_ _0\"></span> net inv<span class=\"_ _0\"></span>estment hedge accounting is applied,<span class=\"_ _0\"></span> the e\ue614ective portion of any g<span class=\"_ _0\"></span>ain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss. <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>ransaction costs rela<span class=\"_ _0\"></span>ted to \ue615nancial assets and lia<span class=\"_ _0\"></span>bility carried at fair<span class=\"_ _2\"></span> value through pr<span class=\"_ _0\"></span>o\ue615t and loss are recogniz<span class=\"_ _0\"></span>ed in the income statement.\ue618e Group has the follo<span class=\"_ _0\"></span>wing categories of deriv<span class=\"_ _2\"></span>ative \ue615nancial instruments: deriv<span class=\"_ _2\"></span>atives not formally designated as hedgin<span class=\"_ _0\"></span>g instruments and cash \ue617ow he<span class=\"_ _0\"></span>dging instruments.A. Hedging instruments\ue618e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s forwar<span class=\"_ _0\"></span>d exchan<span class=\"_ _0\"></span>ge contra<span class=\"_ _0\"></span>cts and sw<span class=\"_ _0\"></span>ap contra<span class=\"_ _0\"></span>cts, that ar<span class=\"_ _0\"></span>e formally designated as cash \ue617o<span class=\"_ _0\"></span>w hedging instr<span class=\"_ _0\"></span>u<span class=\"ws1\">-</span>ments, are s<span class=\"_ _0\"></span>ubsequently re-meas<span class=\"_ _0\"></span>ured at their<span class=\"_ _0\"></span> fair<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue.Cash \ue617ow hedg<span class=\"_ _0\"></span>e accounting is applied to all hedg<span class=\"_ _0\"></span>es that qualify for<span class=\"_ _0\"></span> hedge accountin<span class=\"_ _0\"></span>g when require<span class=\"_ _0\"></span>d documentation of the hedging rel<span class=\"_ _0\"></span>ationship is in place and when the hedg<span class=\"_ _0\"></span>e is determined to be e\ue614ective<span class=\"_ _2\"></span>. When hedge accountin<span class=\"_ _0\"></span>g is applied, the e\ue614ective portion of any<span class=\"_ _0\"></span> gain or loss is r<span class=\"_ _0\"></span>ecognized in OCI,<span class=\"_ _0\"></span> the non-e\ue614ective portion in pro\ue615t or<span class=\"_ _2\"></span> loss.With r<span class=\"_ _0\"></span>egard to hedg<span class=\"_ _0\"></span>e accounting,<span class=\"_ _0\"></span> the Group applies the requir<span class=\"_ _0\"></span>ements of IFRS 9. <span class=\"_ _2\"></span>\ue618is standard requires the Gr<span class=\"_ _0\"></span>oup to en<span class=\"ws1\">-</span>sure that he<span class=\"_ _0\"></span>dge accounting re<span class=\"_ _0\"></span>lationships are aligned <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk manag<span class=\"_ _0\"></span>ement objectives and str<span class=\"_ _0\"></span>ategy and to apply a more qualitativ<span class=\"_ _0\"></span>e and forwar<span class=\"_ _0\"></span>d looking appro<span class=\"_ _0\"></span>ach to assessing hedg<span class=\"_ _0\"></span>e e\ue614ectiveness.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group uses forwar<span class=\"_ _2\"></span>d exchange contracts to he<span class=\"_ _0\"></span>dge the v<span class=\"_ _0\"></span>ariability in cash \ue617o<span class=\"_ _0\"></span>ws arising from chan<span class=\"_ _0\"></span>ges in foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rates r<span class=\"_ _0\"></span>elating to futur<span class=\"_ _0\"></span>e sales. <span class=\"_ _2\"></span>\ue618e Group currently design<span class=\"_ _0\"></span>ates only the change of the spot element of the forw<span class=\"_ _2\"></span>ard exchang<span class=\"_ _0\"></span>e contract as the hedgin<span class=\"_ _0\"></span>g instru<span class=\"ws1\">-</span>ment in cash \ue617ow hedging r<span class=\"_ _0\"></span>elationships.<span class=\"_ _0\"></span> Under IFR<span class=\"_ _0\"></span>S 9, the chang<span class=\"_ _0\"></span>e in the fair <span class=\"_ _0\"></span>value of the forw<span class=\"_ _2\"></span>ard element (\u2018f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d points\u2019) is a<span class=\"_ _0\"></span>ccounted for as f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss and re\ue617ected in <span class=\"_ _0\"></span>\u2018Net \ue615nance costs.<span class=\"_ _1\"></span>\u2019\ue618e Group also uses metal sw<span class=\"_ _2\"></span>ap agreements hedging the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s exposure to \ue617uctu<span class=\"_ _0\"></span>ations in commodity prices rel<span class=\"_ _0\"></span>ated to highly prob<span class=\"_ _0\"></span>able forecasted pur<span class=\"_ _0\"></span>chases of aluminum.\ue618e contracts ar<span class=\"_ _0\"></span>e designated as cash \ue617ow<span class=\"_ _0\"></span> hedges and are he<span class=\"_ _0\"></span>ld for the purpose of the receipt of commodities in accor<span class=\"_ _2\"></span>dance with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s expected usag<span class=\"_ _0\"></span>e of aluminum. Under<span class=\"_ _0\"></span> IFRS 9 as well as under<span class=\"_ _2\"></span> IAS 39, the amounts accumulated in the cash \ue617ow hedg<span class=\"_ _0\"></span>e reserve are remo<span class=\"_ _0\"></span>ved fr<span class=\"_ _0\"></span>om OCI and included in the initial carrying amount of the inv<span class=\"_ _0\"></span>entory purchased.\ue618e types of hedge accountin<span class=\"_ _0\"></span>g transactions tha<span class=\"_ _0\"></span>t the Group currently design<span class=\"_ _0\"></span>ates meet the requirements of IFRS 9 and ar<span class=\"_ _0\"></span>e aligned with the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk management str<span class=\"_ _0\"></span>ategy and objectives.If the hedge no longer<span class=\"_ _2\"></span> meets the criteria for hedge a<span class=\"_ _0\"></span>ccounting or the hedgin<span class=\"_ _0\"></span>g instrument is sold, e<span class=\"_ _0\"></span>xpires, is termin<span class=\"_ _0\"></span>ated or exer<span class=\"_ _0\"></span>cised, then hedg<span class=\"_ _0\"></span>e accounting is discontinued prospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>When hedge accounting f<span class=\"_ _0\"></span>or cash \ue617ow<span class=\"_ _0\"></span> hedges is discontin<span class=\"ws1\">-</span>ued, the amount tha<span class=\"_ _0\"></span>t has been accumulated in hedg<span class=\"_ _0\"></span>e reserve rem<span class=\"_ _0\"></span>ains in other compre<span class=\"_ _0\"></span>hensive income until, for<span class=\"_ _2\"></span> a hedge of a transaction r<span class=\"_ _0\"></span>esulting in the recognition of a non-\ue615nancial item,<span class=\"_ _2\"></span> it is included in the non-\ue615nancial item<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s initial cost or for<span class=\"_ _2\"></span> other cash \ue617o<span class=\"_ _0\"></span>w hedges,<span class=\"_ _0\"></span> it is reclassi\ue615ed to pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s in the same period or periods as the hedg<span class=\"_ _0\"></span>ed expected f<span class=\"_ _0\"></span>uture cash \ue617ows a\ue614ect pr<span class=\"_ _0\"></span>o\ue615t or loss.If the hedged futur<span class=\"_ _0\"></span>e cash \ue617ows are no long<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xpected to occur<span class=\"_ _2\"></span>, then the amounts that ha<span class=\"_ _0\"></span>ve been accumulated in the he<span class=\"_ _0\"></span>dge reserve are immedi<span class=\"_ _0\"></span>ately reclas<span class=\"_ _0\"></span>si\ue615ed to pro\ue615t or<span class=\"_ _0\"></span> loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__152": {
   "value": "B. Mandatory at FVTPLDeriva<span class=\"_ _0\"></span>tive \ue615nancial instruments <span class=\"_ _0\"></span>that are economic hedg<span class=\"_ _0\"></span>es but that do not meet the hedge a<span class=\"_ _0\"></span>ccounting criteria of IFRS 9 are categorize<span class=\"_ _0\"></span>d as Mandatory at FVTPL<span class=\"_ _0\"></span> and are accounted f<span class=\"_ _0\"></span>or as \ue615nancial as<span class=\"_ _0\"></span>sets or liabilities a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value thr<span class=\"_ _0\"></span>ough pro\ue615t or<span class=\"_ _0\"></span> loss. \ue618e impact in pro\ue615t or<span class=\"_ _2\"></span> loss is re\ue617ected in either <span class=\"_ _0\"></span>\u2018Other<span class=\"_ _0\"></span> operating income/<span class=\"_ _1\"></span>expense\u2019 or<span class=\"_ _2\"></span> \u2018Net \ue615nance costs<span class=\"_ _0\"></span>\u2019 depending on the nature of the item economically hedg<span class=\"_ _0\"></span>ed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__153": {
   "value": "50.<span class=\"_ _2\"></span>13 Impairment50.<span class=\"_ _2\"></span>13.1 Impairment testing of goodwill, intangible assets and property<span class=\"_ _2\"></span>, plant and equipment Goodwill and intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives ar<span class=\"_ _0\"></span>e tested for<span class=\"_ _0\"></span> impairment at le<span class=\"_ _0\"></span>ast annually and upon the occur<span class=\"_ _0\"></span><span class=\"ws1\">-</span>rence of an indication of impairment.\ue618e impairment tests are perf<span class=\"_ _0\"></span>ormed annually at the same time e<span class=\"_ _0\"></span>ach ye<span class=\"_ _0\"></span>ar and at the cash-g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit level.\ue618e Group de\ue615nes its cash-gener<span class=\"_ _2\"></span>ating units based on the w<span class=\"_ _0\"></span>ay that it monitors its g<span class=\"_ _0\"></span>oodwill and will deriv<span class=\"_ _0\"></span>e economic bene\ue615t from the acquire<span class=\"_ _0\"></span>d goodwill and intangibles.\ue618e impairment tests are perf<span class=\"_ _0\"></span>ormed by comparin<span class=\"_ _0\"></span>g the carrying v<span class=\"_ _0\"></span>alue of the assets of these cash-genera<span class=\"_ _0\"></span>ting units with their<span class=\"_ _0\"></span> recov<span class=\"_ _0\"></span>erable amount,<span class=\"_ _0\"></span> based on their<span class=\"_ _0\"></span> future pr<span class=\"_ _0\"></span>ojected cash \ue617ows discounted at an appr<span class=\"_ _0\"></span>opriate pre-tax r<span class=\"_ _2\"></span>ate of return.\ue618e discount rate use<span class=\"_ _0\"></span>d in calculating the present v<span class=\"_ _2\"></span>alue of the estimated future cash \ue617ow<span class=\"_ _0\"></span>s is based on a weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC), using a debt-equity<span class=\"_ _0\"></span> ratio of an av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e market p<span class=\"_ _0\"></span>articipant. <span class=\"_ _0\"></span>An additional risk pr<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>mium w<span class=\"_ _0\"></span>as added to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on conditions on which comp<span class=\"_ _0\"></span>arable comp<span class=\"_ _0\"></span>anies can obtain long-term \ue615nancing<span class=\"_ _0\"></span>.\ue618e forecasting risk<span class=\"_ _0\"></span> relate<span class=\"_ _0\"></span>d to silver<span class=\"_ _0\"></span> and aluminum is re\ue617ected in the cash \ue617ow pr<span class=\"_ _0\"></span>ojections.An impairment loss is recogniz<span class=\"_ _0\"></span>ed whenev<span class=\"_ _0\"></span>er the carrying amount of the cash-gener<span class=\"_ _2\"></span>ating unit exceeds its reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able amount. Impairment los<span class=\"_ _0\"></span>ses are recognize<span class=\"_ _0\"></span>d in pro\ue615t or<span class=\"_ _0\"></span> loss.Considera<span class=\"_ _0\"></span>tion is given at ea<span class=\"_ _0\"></span>ch reporting date to determine <span class=\"_ _0\"></span>whether ther<span class=\"_ _0\"></span>e is any indication of impairment of the carrying amounts of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s property<span class=\"_ _2\"></span>, plant and equipment and intan<span class=\"_ _0\"></span>gible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es.If any such indication e<span class=\"_ _0\"></span>xists, the asset<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able amount is estimated.<span class=\"_ _0\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognized w<span class=\"_ _0\"></span>henever the carrying amount of an asset excee<span class=\"_ _0\"></span>ds its recover<span class=\"_ _2\"></span>able amount. Impairment losses are r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss and the carrying amount of relate<span class=\"_ _0\"></span>d asset is reduced thr<span class=\"_ _0\"></span>ough use of an allow<span class=\"_ _0\"></span>ance account.\ue618e recov<span class=\"_ _0\"></span>erable amount of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment and intangible assets <span class=\"_ _0\"></span>with \ue615nite useful lives is the grea<span class=\"_ _0\"></span>ter of the fair<span class=\"_ _2\"></span> value less costs to sell and v<span class=\"_ _2\"></span>alue in use. In asses<span class=\"_ _0\"></span>sing v<span class=\"_ _0\"></span>alue in use,<span class=\"_ _2\"></span> the estimated future cash \ue617ows ar<span class=\"_ _0\"></span>e dis<span class=\"ws1\">-</span>counted to their pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue using a pre-tax discount r<span class=\"_ _0\"></span>ate that re\ue617ects curr<span class=\"_ _0\"></span>ent market asses<span class=\"_ _0\"></span>sments of the time value of money and the risks speci\ue615c to the asset.An impairment loss recogniz<span class=\"_ _0\"></span>ed in prior periods f<span class=\"_ _0\"></span>or an asset other<span class=\"_ _2\"></span> than goodwill shall be reverse<span class=\"_ _0\"></span>d if,<span class=\"_ _0\"></span> and only if,<span class=\"_ _2\"></span> there has been a change in the es<span class=\"_ _0\"></span>timates used to determine the asset\u2019<span class=\"_ _1\"></span>s recover<span class=\"_ _0\"></span>able amount since the last impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.50.<span class=\"_ _2\"></span>13.2 Impairment testing for right-of-use assetsAt ea<span class=\"_ _0\"></span>ch reporting date<span class=\"_ _2\"></span>, the Group review<span class=\"_ _0\"></span>s the carrying amounts of its right-of-use assets to determine whether<span class=\"_ _0\"></span> there is an<span class=\"_ _0\"></span>y indication of impairment. Indica<span class=\"_ _0\"></span>tion of impairment exists when a le<span class=\"_ _2\"></span>ase concluded as a lessee becomes onerous in which case an impairment loss is recogniz<span class=\"_ _0\"></span>ed, me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>t the present v<span class=\"_ _0\"></span>alue of the lower<span class=\"_ _0\"></span> of the expected cost of terminatin<span class=\"_ _0\"></span>g the contract and the e<span class=\"_ _0\"></span>xpected net cost of continuing with the contr<span class=\"_ _2\"></span>act.An impairment loss is rev<span class=\"_ _0\"></span>ersed only to the extent tha<span class=\"_ _0\"></span>t the asset\u2019<span class=\"_ _2\"></span>s carrying amount does not e<span class=\"_ _0\"></span>xceed the carrying amount that would h<span class=\"_ _0\"></span>ave been determined,<span class=\"_ _0\"></span> net of depreciation,<span class=\"_ _0\"></span> if no impairment loss had been r<span class=\"_ _0\"></span>ecognized.50.<span class=\"_ _2\"></span>13.3 Impairment of \ue61fnancial assets and contract assets\ue618e IFRS 9 standar<span class=\"_ _0\"></span>d replaces the <span class=\"_ _0\"></span>\u2018Incurred loss<span class=\"_ _2\"></span>\u2019 model with a forw<span class=\"_ _0\"></span>ard-looking <span class=\"_ _0\"></span>\u2018Expected cre<span class=\"_ _0\"></span>dit loss\u2019<span class=\"_ _2\"></span> (ECL) model. <span class=\"_ _2\"></span>\ue618is requires consider<span class=\"_ _2\"></span>able judgment about how changes in economic f<span class=\"_ _0\"></span>actors a\ue614ect expected cr<span class=\"_ _0\"></span>edit losses. <span class=\"_ _0\"></span>With r<span class=\"_ _0\"></span>egard to im<span class=\"ws1\">-</span>pairment of tra<span class=\"_ _0\"></span>de receiv<span class=\"_ _0\"></span>ables, le<span class=\"_ _0\"></span>ase receiv<span class=\"_ _0\"></span>ables and contra<span class=\"_ _0\"></span>ct assets, the Gr<span class=\"_ _0\"></span>oup applies the simpli\ue615ed approach f<span class=\"_ _0\"></span>or the im<span class=\"ws1\">-</span>pairment ev<span class=\"_ _0\"></span>aluation, <span class=\"_ _0\"></span>which implies that cre<span class=\"_ _0\"></span>dit losses for these ca<span class=\"_ _0\"></span>tegories of assets are alw<span class=\"_ _2\"></span>ays measured a<span class=\"_ _0\"></span>t an amount equal to lifetime expected cr<span class=\"_ _0\"></span>edit losses. Cr<span class=\"_ _0\"></span>edit losses are me<span class=\"_ _0\"></span>asured as the pr<span class=\"_ _0\"></span>esent value of all cash shortf<span class=\"_ _0\"></span>alls \u2013 i.e<span class=\"_ _2\"></span>. the di\ue614erence between the cash \ue617ow<span class=\"_ _0\"></span>s to which the entity is entitled to and w<span class=\"_ _0\"></span>hat the entity e<span class=\"_ _0\"></span>xpects to receive<span class=\"_ _2\"></span>. A \ue615nancial asset is cr<span class=\"_ _0\"></span>edit impaired <span class=\"_ _0\"></span>when one or mor<span class=\"_ _0\"></span>e events that ha<span class=\"_ _0\"></span>ve a detrimental impact on the es<span class=\"_ _0\"></span>timated future cash \ue617o<span class=\"_ _0\"></span>ws of the \ue615nancial asset have occurr<span class=\"_ _0\"></span>ed.\ue618e inputs and assumptions to the expected cr<span class=\"_ _0\"></span>edit loss model ar<span class=\"_ _0\"></span>e the following: signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancial di\ue616culty of the coun<span class=\"ws1\">-</span>terparty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> a default of more than 90 da<span class=\"_ _0\"></span>ys past due<span class=\"_ _2\"></span>, or a possible b<span class=\"_ _0\"></span>ankruptcy of the counterparty<span class=\"_ _2\"></span>.\ue618e evalu<span class=\"_ _0\"></span>ation of possible impairment takes into a<span class=\"_ _0\"></span>ccount forwar<span class=\"_ _0\"></span>d-looking elements. F<span class=\"_ _2\"></span>or the major<span class=\"_ _0\"></span> portion of the accounts receiv<span class=\"_ _0\"></span>able balances,<span class=\"_ _0\"></span> debtors are scor<span class=\"_ _0\"></span>ed and rate<span class=\"_ _0\"></span>d based on quantitativ<span class=\"_ _0\"></span>e and qualitative inform<span class=\"_ _0\"></span>ation on an ongoing b<span class=\"_ _0\"></span>asis through Cre<span class=\"_ _0\"></span>dit Risk Application in pla<span class=\"_ _0\"></span>ce.<span class=\"_ _2\"></span> All customers are classi\ue615ed into di\ue614er<span class=\"_ _0\"></span>ent risk categories w<span class=\"_ _0\"></span>hich are re<span class=\"_ _0\"></span>assessed on a ye<span class=\"_ _0\"></span>arly basis based on r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant forwar<span class=\"_ _0\"></span>d-looking information such as d<span class=\"_ _0\"></span>ata from extern<span class=\"_ _0\"></span>al credit bure<span class=\"_ _0\"></span>aus, ag<span class=\"_ _0\"></span>e of business, country risk and the credit man<span class=\"_ _0\"></span>ager\u2019<span class=\"_ _2\"></span>s assessment.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>o mitigate the cr<span class=\"_ _0\"></span>edit risk, cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance and other risk mitig<span class=\"_ _0\"></span>ation tools such as letter of cr<span class=\"_ _0\"></span>edit, bank<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antees, mortgag<span class=\"_ _0\"></span>e are used within the Gr<span class=\"_ _0\"></span>oup.\ue618is methodology of individually rev<span class=\"_ _0\"></span>iewing outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able amounts taking into account forw<span class=\"_ _0\"></span>ard-looking infor<span class=\"_ _0\"></span><span class=\"ws1\">-</span>mation to assess imp<span class=\"_ _0\"></span>airment risks hasn<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>t been changed due to the application of IFRS 9.Loss allow<span class=\"_ _0\"></span>ances for \ue615n<span class=\"_ _0\"></span>ancial assets meas<span class=\"_ _0\"></span>ured at amortize<span class=\"_ _0\"></span>d cost are charg<span class=\"_ _0\"></span>ed to pro\ue615t or<span class=\"_ _0\"></span> loss and deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets to obtain a net presentation in the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _2\"></span>OCI, the loss allow<span class=\"_ _0\"></span>ance is charged to pr<span class=\"_ _0\"></span>o\ue615t or loss and is r<span class=\"_ _0\"></span>ecognized in OCI.\ue618e gross carrying amount of a \ue615nancial as<span class=\"_ _0\"></span>set is written o\ue614 when the Group has no r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectations of recov<span class=\"_ _0\"></span>ering a \ue615nancial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group individu<span class=\"_ _0\"></span>ally makes an asses<span class=\"_ _0\"></span>sment for e<span class=\"_ _2\"></span>ach type of \ue615nancial asset based on w<span class=\"_ _0\"></span>hether there is a r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectation of recov<span class=\"_ _0\"></span>ery<span class=\"_ _2\"></span>. Financial assets tha<span class=\"_ _0\"></span>t are written o\ue614 are still s<span class=\"_ _0\"></span>ubject to enforcement activ<span class=\"_ _0\"></span>ities of the Group for r<span class=\"_ _0\"></span>ecovery of amounts due<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__154-1": {
   "value": "50.<span class=\"_ _2\"></span>13.1 Impairment testing of goodwill, intangible assets and property<span class=\"_ _2\"></span>, plant and equipment Goodwill and intangible assets w<span class=\"_ _0\"></span>ith inde\ue615nite useful lives ar<span class=\"_ _0\"></span>e tested for<span class=\"_ _0\"></span> impairment at le<span class=\"_ _0\"></span>ast annually and upon the occur<span class=\"_ _0\"></span><span class=\"ws1\">-</span>rence of an indication of impairment.\ue618e impairment tests are perf<span class=\"_ _0\"></span>ormed annually at the same time e<span class=\"_ _0\"></span>ach ye<span class=\"_ _0\"></span>ar and at the cash-g<span class=\"_ _0\"></span>eneratin<span class=\"_ _0\"></span>g unit level.\ue618e Group de\ue615nes its cash-gener<span class=\"_ _2\"></span>ating units based on the w<span class=\"_ _0\"></span>ay that it monitors its g<span class=\"_ _0\"></span>oodwill and will deriv<span class=\"_ _0\"></span>e economic bene\ue615t from the acquire<span class=\"_ _0\"></span>d goodwill and intangibles.\ue618e impairment tests are perf<span class=\"_ _0\"></span>ormed by comparin<span class=\"_ _0\"></span>g the carrying v<span class=\"_ _0\"></span>alue of the assets of these cash-genera<span class=\"_ _0\"></span>ting units with their<span class=\"_ _0\"></span> recov<span class=\"_ _0\"></span>erable amount,<span class=\"_ _0\"></span> based on their<span class=\"_ _0\"></span> future pr<span class=\"_ _0\"></span>ojected cash \ue617ows discounted at an appr<span class=\"_ _0\"></span>opriate pre-tax r<span class=\"_ _2\"></span>ate of return.\ue618e discount rate use<span class=\"_ _0\"></span>d in calculating the present v<span class=\"_ _2\"></span>alue of the estimated future cash \ue617ow<span class=\"_ _0\"></span>s is based on a weig<span class=\"_ _0\"></span>hted aver<span class=\"_ _2\"></span>age cost of equity and debt capital (W<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>CC), using a debt-equity<span class=\"_ _0\"></span> ratio of an av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e market p<span class=\"_ _0\"></span>articipant. <span class=\"_ _0\"></span>An additional risk pr<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>mium w<span class=\"_ _0\"></span>as added to the cost of equity<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e cost of debt is based on conditions on which comp<span class=\"_ _0\"></span>arable comp<span class=\"_ _0\"></span>anies can obtain long-term \ue615nancing<span class=\"_ _0\"></span>.\ue618e forecasting risk<span class=\"_ _0\"></span> relate<span class=\"_ _0\"></span>d to silver<span class=\"_ _0\"></span> and aluminum is re\ue617ected in the cash \ue617ow pr<span class=\"_ _0\"></span>ojections.An impairment loss is recogniz<span class=\"_ _0\"></span>ed whenev<span class=\"_ _0\"></span>er the carrying amount of the cash-gener<span class=\"_ _2\"></span>ating unit exceeds its reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able amount. Impairment los<span class=\"_ _0\"></span>ses are recognize<span class=\"_ _0\"></span>d in pro\ue615t or<span class=\"_ _0\"></span> loss.Considera<span class=\"_ _0\"></span>tion is given at ea<span class=\"_ _0\"></span>ch reporting date to determine <span class=\"_ _0\"></span>whether ther<span class=\"_ _0\"></span>e is any indication of impairment of the carrying amounts of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s property<span class=\"_ _2\"></span>, plant and equipment and intan<span class=\"_ _0\"></span>gible assets with \ue615nite useful liv<span class=\"_ _0\"></span>es.If any such indication e<span class=\"_ _0\"></span>xists, the asset<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>s reco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able amount is estimated.<span class=\"_ _0\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognized w<span class=\"_ _0\"></span>henever the carrying amount of an asset excee<span class=\"_ _0\"></span>ds its recover<span class=\"_ _2\"></span>able amount. Impairment losses are r<span class=\"_ _0\"></span>ecognized in pro\ue615t or<span class=\"_ _2\"></span> loss and the carrying amount of relate<span class=\"_ _0\"></span>d asset is reduced thr<span class=\"_ _0\"></span>ough use of an allow<span class=\"_ _0\"></span>ance account.\ue618e recov<span class=\"_ _0\"></span>erable amount of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s propert<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, plant and equipment and intangible assets <span class=\"_ _0\"></span>with \ue615nite useful lives is the grea<span class=\"_ _0\"></span>ter of the fair<span class=\"_ _2\"></span> value less costs to sell and v<span class=\"_ _2\"></span>alue in use. In asses<span class=\"_ _0\"></span>sing v<span class=\"_ _0\"></span>alue in use,<span class=\"_ _2\"></span> the estimated future cash \ue617ows ar<span class=\"_ _0\"></span>e dis<span class=\"ws1\">-</span>counted to their pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue using a pre-tax discount r<span class=\"_ _0\"></span>ate that re\ue617ects curr<span class=\"_ _0\"></span>ent market asses<span class=\"_ _0\"></span>sments of the time value of money and the risks speci\ue615c to the asset.An impairment loss recogniz<span class=\"_ _0\"></span>ed in prior periods f<span class=\"_ _0\"></span>or an asset other<span class=\"_ _2\"></span> than goodwill shall be reverse<span class=\"_ _0\"></span>d if,<span class=\"_ _0\"></span> and only if,<span class=\"_ _2\"></span> there has been a change in the es<span class=\"_ _0\"></span>timates used to determine the asset\u2019<span class=\"_ _1\"></span>s recover<span class=\"_ _0\"></span>able amount since the last impairment los<span class=\"_ _0\"></span>s was r<span class=\"_ _0\"></span>ecognized.50.<span class=\"_ _2\"></span>13.2 Impairment testing for right-of-use assetsAt ea<span class=\"_ _0\"></span>ch reporting date<span class=\"_ _2\"></span>, the Group review<span class=\"_ _0\"></span>s the carrying amounts of its right-of-use assets to determine whether<span class=\"_ _0\"></span> there is an<span class=\"_ _0\"></span>y indication of impairment. Indica<span class=\"_ _0\"></span>tion of impairment exists when a le<span class=\"_ _2\"></span>ase concluded as a lessee becomes onerous in which case an impairment loss is recogniz<span class=\"_ _0\"></span>ed, me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>t the present v<span class=\"_ _0\"></span>alue of the lower<span class=\"_ _0\"></span> of the expected cost of terminatin<span class=\"_ _0\"></span>g the contract and the e<span class=\"_ _0\"></span>xpected net cost of continuing with the contr<span class=\"_ _2\"></span>act.An impairment loss is rev<span class=\"_ _0\"></span>ersed only to the extent tha<span class=\"_ _0\"></span>t the asset\u2019<span class=\"_ _2\"></span>s carrying amount does not e<span class=\"_ _0\"></span>xceed the carrying amount that would h<span class=\"_ _0\"></span>ave been determined,<span class=\"_ _0\"></span> net of depreciation,<span class=\"_ _0\"></span> if no impairment loss had been r<span class=\"_ _0\"></span>ecognized.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__156": {
   "value": "50.<span class=\"_ _2\"></span>13.3 Impairment of \ue61fnancial assets and contract assets\ue618e IFRS 9 standar<span class=\"_ _0\"></span>d replaces the <span class=\"_ _0\"></span>\u2018Incurred loss<span class=\"_ _2\"></span>\u2019 model with a forw<span class=\"_ _0\"></span>ard-looking <span class=\"_ _0\"></span>\u2018Expected cre<span class=\"_ _0\"></span>dit loss\u2019<span class=\"_ _2\"></span> (ECL) model. <span class=\"_ _2\"></span>\ue618is requires consider<span class=\"_ _2\"></span>able judgment about how changes in economic f<span class=\"_ _0\"></span>actors a\ue614ect expected cr<span class=\"_ _0\"></span>edit losses. <span class=\"_ _0\"></span>With r<span class=\"_ _0\"></span>egard to im<span class=\"ws1\">-</span>pairment of tra<span class=\"_ _0\"></span>de receiv<span class=\"_ _0\"></span>ables, le<span class=\"_ _0\"></span>ase receiv<span class=\"_ _0\"></span>ables and contra<span class=\"_ _0\"></span>ct assets, the Gr<span class=\"_ _0\"></span>oup applies the simpli\ue615ed approach f<span class=\"_ _0\"></span>or the im<span class=\"ws1\">-</span>pairment ev<span class=\"_ _0\"></span>aluation, <span class=\"_ _0\"></span>which implies that cre<span class=\"_ _0\"></span>dit losses for these ca<span class=\"_ _0\"></span>tegories of assets are alw<span class=\"_ _2\"></span>ays measured a<span class=\"_ _0\"></span>t an amount equal to lifetime expected cr<span class=\"_ _0\"></span>edit losses. Cr<span class=\"_ _0\"></span>edit losses are me<span class=\"_ _0\"></span>asured as the pr<span class=\"_ _0\"></span>esent value of all cash shortf<span class=\"_ _0\"></span>alls \u2013 i.e<span class=\"_ _2\"></span>. the di\ue614erence between the cash \ue617ow<span class=\"_ _0\"></span>s to which the entity is entitled to and w<span class=\"_ _0\"></span>hat the entity e<span class=\"_ _0\"></span>xpects to receive<span class=\"_ _2\"></span>. A \ue615nancial asset is cr<span class=\"_ _0\"></span>edit impaired <span class=\"_ _0\"></span>when one or mor<span class=\"_ _0\"></span>e events that ha<span class=\"_ _0\"></span>ve a detrimental impact on the es<span class=\"_ _0\"></span>timated future cash \ue617o<span class=\"_ _0\"></span>ws of the \ue615nancial asset have occurr<span class=\"_ _0\"></span>ed.\ue618e inputs and assumptions to the expected cr<span class=\"_ _0\"></span>edit loss model ar<span class=\"_ _0\"></span>e the following: signi\ue615cant \ue615n<span class=\"_ _0\"></span>ancial di\ue616culty of the coun<span class=\"ws1\">-</span>terparty<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> a default of more than 90 da<span class=\"_ _0\"></span>ys past due<span class=\"_ _2\"></span>, or a possible b<span class=\"_ _0\"></span>ankruptcy of the counterparty<span class=\"_ _2\"></span>.\ue618e evalu<span class=\"_ _0\"></span>ation of possible impairment takes into a<span class=\"_ _0\"></span>ccount forwar<span class=\"_ _0\"></span>d-looking elements. F<span class=\"_ _2\"></span>or the major<span class=\"_ _0\"></span> portion of the accounts receiv<span class=\"_ _0\"></span>able balances,<span class=\"_ _0\"></span> debtors are scor<span class=\"_ _0\"></span>ed and rate<span class=\"_ _0\"></span>d based on quantitativ<span class=\"_ _0\"></span>e and qualitative inform<span class=\"_ _0\"></span>ation on an ongoing b<span class=\"_ _0\"></span>asis through Cre<span class=\"_ _0\"></span>dit Risk Application in pla<span class=\"_ _0\"></span>ce.<span class=\"_ _2\"></span> All customers are classi\ue615ed into di\ue614er<span class=\"_ _0\"></span>ent risk categories w<span class=\"_ _0\"></span>hich are re<span class=\"_ _0\"></span>assessed on a ye<span class=\"_ _0\"></span>arly basis based on r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>ant forwar<span class=\"_ _0\"></span>d-looking information such as d<span class=\"_ _0\"></span>ata from extern<span class=\"_ _0\"></span>al credit bure<span class=\"_ _0\"></span>aus, ag<span class=\"_ _0\"></span>e of business, country risk and the credit man<span class=\"_ _0\"></span>ager\u2019<span class=\"_ _2\"></span>s assessment.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>o mitigate the cr<span class=\"_ _0\"></span>edit risk, cr<span class=\"_ _0\"></span>edit insur<span class=\"_ _0\"></span>ance and other risk mitig<span class=\"_ _0\"></span>ation tools such as letter of cr<span class=\"_ _0\"></span>edit, bank<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antees, mortgag<span class=\"_ _0\"></span>e are used within the Gr<span class=\"_ _0\"></span>oup.\ue618is methodology of individually rev<span class=\"_ _0\"></span>iewing outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able amounts taking into account forw<span class=\"_ _0\"></span>ard-looking infor<span class=\"_ _0\"></span><span class=\"ws1\">-</span>mation to assess imp<span class=\"_ _0\"></span>airment risks hasn<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>t been changed due to the application of IFRS 9.Loss allow<span class=\"_ _0\"></span>ances for \ue615n<span class=\"_ _0\"></span>ancial assets meas<span class=\"_ _0\"></span>ured at amortize<span class=\"_ _0\"></span>d cost are charg<span class=\"_ _0\"></span>ed to pro\ue615t or<span class=\"_ _0\"></span> loss and deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets to obtain a net presentation in the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements.<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _2\"></span>OCI, the loss allow<span class=\"_ _0\"></span>ance is charged to pr<span class=\"_ _0\"></span>o\ue615t or loss and is r<span class=\"_ _0\"></span>ecognized in OCI.\ue618e gross carrying amount of a \ue615nancial as<span class=\"_ _0\"></span>set is written o\ue614 when the Group has no r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectations of recov<span class=\"_ _0\"></span>ering a \ue615nancial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group individu<span class=\"_ _0\"></span>ally makes an asses<span class=\"_ _0\"></span>sment for e<span class=\"_ _2\"></span>ach type of \ue615nancial asset based on w<span class=\"_ _0\"></span>hether there is a r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble expectation of recov<span class=\"_ _0\"></span>ery<span class=\"_ _2\"></span>. Financial assets tha<span class=\"_ _0\"></span>t are written o\ue614 are still s<span class=\"_ _0\"></span>ubject to enforcement activ<span class=\"_ _0\"></span>ities of the Group for r<span class=\"_ _0\"></span>ecovery of amounts due<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__157": {
   "value": "50.<span class=\"_ _2\"></span>14 LeasesAt inception of a contra<span class=\"_ _0\"></span>ct, the Group asses<span class=\"_ _0\"></span>ses whether<span class=\"_ _0\"></span> a contract is,<span class=\"_ _0\"></span> or contains,<span class=\"_ _0\"></span> a lease<span class=\"_ _2\"></span>. A contr<span class=\"_ _0\"></span>act is, or<span class=\"_ _0\"></span> contains, a le<span class=\"_ _0\"></span>ase if the contract con<span class=\"_ _0\"></span>veys the right to contr<span class=\"_ _0\"></span>ol the use of an identi\ue615ed asset for<span class=\"_ _0\"></span> a period of time in exchang<span class=\"_ _0\"></span>e for consider<span class=\"_ _2\"></span>ation. T<span class=\"_ _2\"></span>o assess <span class=\"_ _0\"></span>whether a contr<span class=\"_ _2\"></span>act conveys the right to control the use of an identi\ue615ed as<span class=\"_ _0\"></span>set, the Group uses the de\ue615nition of a lease in IFRS 16<span class=\"_ _0\"></span>.A. As a lesseeAt commencement or<span class=\"_ _0\"></span> on modi\ue615cation of a contract tha<span class=\"_ _0\"></span>t contains a lease component,<span class=\"_ _0\"></span> the Group allocates the consider<span class=\"_ _0\"></span>ation in the contract to e<span class=\"_ _2\"></span>ach lease component on the basis of its relativ<span class=\"_ _0\"></span>e stand-alone prices. <span class=\"_ _2\"></span>\ue618e Group has elected not to separ<span class=\"_ _0\"></span>ate non-lease components and account for<span class=\"_ _2\"></span> the lease and non-lease components as a single le<span class=\"_ _0\"></span>ase component.\ue618e Group recogniz<span class=\"_ _0\"></span>es a right-of-use asset and a lease lia<span class=\"_ _0\"></span>bility at the le<span class=\"_ _0\"></span>ase commencement date<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>\ue618e right-of-use asset is ini<span class=\"ws1\">-</span>tially meas<span class=\"_ _0\"></span>ured at cost,<span class=\"_ _0\"></span> which comprises the initial amount of the le<span class=\"_ _0\"></span>ase liability adjuste<span class=\"_ _0\"></span>d for an<span class=\"_ _0\"></span>y lease p<span class=\"_ _0\"></span>ayments made a<span class=\"_ _0\"></span>t or before the commencement date<span class=\"_ _2\"></span>, plus any initial dir<span class=\"_ _0\"></span>ect costs incurred and an estim<span class=\"_ _0\"></span>ate of costs to dismantle and remov<span class=\"_ _0\"></span>e the underlying asset or<span class=\"_ _2\"></span> to restore the underlying asset or<span class=\"_ _2\"></span> the site on which it is located, less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _0\"></span>es received.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e right-of-use asset is subsequently depr<span class=\"_ _0\"></span>eciated using the str<span class=\"_ _2\"></span>aight-line method from the commencement date to the end of the lease term,<span class=\"_ _0\"></span> unless the lease tr<span class=\"_ _0\"></span>ansfers ownership of the underly<span class=\"_ _0\"></span>ing asset to the Group by<span class=\"_ _0\"></span> the end of the lease term or the cost of the right-of-use asset re\ue617ects tha<span class=\"_ _0\"></span>t the Group will e<span class=\"_ _0\"></span>xercise a pur<span class=\"_ _0\"></span>chase option. In that case the rig<span class=\"_ _0\"></span>ht-of-use asset will be depreciated o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span> the useful life of the underlying asset,<span class=\"_ _0\"></span> which is determined on the same b<span class=\"_ _0\"></span>asis as those of property and equipment. In addition,<span class=\"_ _0\"></span> the right-of-use asset is periodically re<span class=\"_ _0\"></span>duced by imp<span class=\"_ _0\"></span>airment losses, if any<span class=\"_ _1\"></span>, and adjusted for<span class=\"_ _0\"></span> certain remeas<span class=\"_ _0\"></span>urements of the lease lia<span class=\"_ _0\"></span>bility<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e lease liability is initially me<span class=\"_ _2\"></span>asured at the present v<span class=\"_ _2\"></span>alue of<span class=\"_ _22\"></span> the lease p<span class=\"_ _0\"></span>ayments that are not paid at the commencement d<span class=\"_ _0\"></span>ate,<span class=\"_ _2\"></span> discounted using the interest rate implicit in the le<span class=\"_ _2\"></span>ase or,<span class=\"_ _0\"></span> if that r<span class=\"_ _0\"></span>ate cannot be rea<span class=\"_ _0\"></span>dily determined, the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s incremental borrowin<span class=\"_ _0\"></span>g rate<span class=\"_ _2\"></span>. Generally<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> the Group uses its incremental borro<span class=\"_ _0\"></span>wing r<span class=\"_ _0\"></span>ate as the discount rate<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span>\ue618e Group determines its incremental borro<span class=\"_ _0\"></span>wing r<span class=\"_ _0\"></span>ate (IBR) twice a <span class=\"_ _0\"></span>year<span class=\"_ _2\"></span> based on the government bond yields per<span class=\"_ _0\"></span> country and per ma<span class=\"_ _0\"></span>turity bucket obtained fr<span class=\"_ _0\"></span>om Reuters and adds a risk pr<span class=\"_ _0\"></span>emium re\ue617ecting the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s risk pr<span class=\"_ _0\"></span>o<span class=\"ws1\">-</span>\ue615le.<span class=\"_ _2\"></span> \ue618e latter<span class=\"_ _0\"></span> risk premium di\ue614ers fr<span class=\"_ _0\"></span>om the country risk classi\ue615ed accor<span class=\"_ _2\"></span>ding to the Organization of Economic Cooperation and Development (OE<span class=\"_ _0\"></span>CD). Depending on the low<span class=\"_ _1\"></span>, medium or high risk<span class=\"_ _0\"></span> of the country a di\ue614erent sprea<span class=\"_ _0\"></span>d is added. <span class=\"_ _0\"></span>As such a IBR-matrix is obtained r<span class=\"_ _0\"></span>e\ue617ecting six maturity buck<span class=\"_ _2\"></span>ets and 50 countries.Lease pa<span class=\"_ _0\"></span>yments included in the measur<span class=\"_ _0\"></span>ement of the lease liabilit<span class=\"_ _0\"></span>y comprise in the followin<span class=\"_ _0\"></span>g: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">\ue615xed pa<span class=\"_ _0\"></span>yments, including in-s<span class=\"_ _0\"></span>ubstance \ue615xed p<span class=\"_ _0\"></span>ayments;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws88\">vari<span class=\"_ _0\"></span>able lease pa<span class=\"_ _0\"></span>yments that depend on an inde<span class=\"_ _0\"></span>x or a r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, initially me<span class=\"_ _0\"></span>asured usin<span class=\"_ _0\"></span>g the index or r<span class=\"_ _2\"></span>ate as at the commence<span class=\"ws1\">-</span></span></span>ment date; and <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws33\">the exer<span class=\"_ _0\"></span>cise price under a purch<span class=\"_ _0\"></span>ase option that the Group is r<span class=\"_ _0\"></span>easonably certain to e<span class=\"_ _0\"></span>xercise<span class=\"_ _2\"></span>, lease pa<span class=\"_ _0\"></span>yments in an optional </span></span>renew<span class=\"_ _0\"></span>al period if the Group is re<span class=\"_ _0\"></span>asonably certain to ex<span class=\"_ _0\"></span>ercise an extension option,<span class=\"_ _0\"></span> and penalties for<span class=\"_ _0\"></span> early termina<span class=\"_ _0\"></span>tion of a lease unless the Gr<span class=\"_ _0\"></span>oup is reasona<span class=\"_ _0\"></span>bly certain not to terminate e<span class=\"_ _0\"></span>arly<span class=\"_ _2\"></span>.\ue618ere are no le<span class=\"_ _0\"></span>ases for <span class=\"_ _0\"></span>which it is expected tha<span class=\"_ _0\"></span>t the Group would need to p<span class=\"_ _0\"></span>ay a residu<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alue guarantee<span class=\"_ _2\"></span>.\ue618e lease liabilit<span class=\"_ _0\"></span>y is measur<span class=\"_ _0\"></span>ed at amortized cos<span class=\"_ _0\"></span>t using the e\ue614ective interes<span class=\"_ _0\"></span>t method. It is re-me<span class=\"_ _0\"></span>asured <span class=\"_ _0\"></span>when there is a change in futur<span class=\"_ _0\"></span>e lease pa<span class=\"_ _0\"></span>yments arising from a ch<span class=\"_ _0\"></span>ange in an index or<span class=\"_ _2\"></span> rate if the Group changes its as<span class=\"_ _0\"></span>sessment of whether it will ex<span class=\"_ _0\"></span>ercise a purch<span class=\"_ _0\"></span>ase,<span class=\"_ _0\"></span> extension or<span class=\"_ _0\"></span> termination option or<span class=\"_ _0\"></span> if there is a revise<span class=\"_ _0\"></span>d in-substance \ue615xed le<span class=\"_ _0\"></span>ase pay<span class=\"_ _0\"></span>ment. When the lease liabilit<span class=\"_ _0\"></span>y is re-meas<span class=\"_ _0\"></span>ured in this w<span class=\"_ _2\"></span>ay<span class=\"_ _2\"></span>, a corresponding adjustment is m<span class=\"_ _0\"></span>ade to the carrying amount of the right-of-use asset, or<span class=\"_ _2\"></span> is recorded in pro\ue615t or<span class=\"_ _0\"></span> loss if the carrying amount of the right-of-use asset has been re<span class=\"_ _0\"></span>duced to zero<span class=\"_ _2\"></span>.\ue618e Group has elected not to r<span class=\"_ _0\"></span>ecognize right-of-use assets and le<span class=\"_ _0\"></span>ase liabilities for<span class=\"_ _0\"></span> leases of low<span class=\"_ _2\"></span>-value assets (mainly re<span class=\"_ _0\"></span>lated to IT<span class=\"_ _0\"></span> equipment) and short-term leases.<span class=\"_ _0\"></span> Short-term leases ar<span class=\"_ _0\"></span>e leases with a le<span class=\"_ _2\"></span>ase term of<span class=\"_ _22\"></span> twelv<span class=\"_ _0\"></span>e months or less.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e Group recognizes the le<span class=\"_ _0\"></span>ase payments as<span class=\"_ _0\"></span>sociated w<span class=\"_ _0\"></span>ith these leases as an expense on a str<span class=\"_ _2\"></span>aight-line basis over<span class=\"_ _0\"></span> the lease term.On the statement of \ue615nancial position right-of-use assets ar<span class=\"_ _0\"></span>e presented separ<span class=\"_ _2\"></span>ately where<span class=\"_ _0\"></span>as lease liabilities ar<span class=\"_ _0\"></span>e comprised in \u2018Loans and borr<span class=\"_ _0\"></span>owings.<span class=\"_ _b3\"></span>\u2019 All lease pa<span class=\"_ _0\"></span>yments that are due <span class=\"_ _0\"></span>within 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as current liabilities.<span class=\"_ _0\"></span> All lease p<span class=\"_ _0\"></span>ayments tha<span class=\"_ _0\"></span>t are due later<span class=\"_ _0\"></span> than 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as non-cur<span class=\"_ _2\"></span><span class=\"ws1\">-</span>rent liabilities.B. As a lessorWhen the Group acts as a lessor<span class=\"_ _2\"></span>, it determines at le<span class=\"_ _0\"></span>ase inception whether<span class=\"_ _0\"></span> each le<span class=\"_ _0\"></span>ase is a \ue615nance lease or<span class=\"_ _2\"></span> an operating lease<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>o classify e<span class=\"_ _2\"></span>ach lease,<span class=\"_ _0\"></span> the Group mak<span class=\"_ _0\"></span>es an over<span class=\"_ _2\"></span>all assessment of whether the lease tr<span class=\"_ _2\"></span>ansfers substantially all of the risks and rew<span class=\"_ _0\"></span>ards incidental to ow<span class=\"_ _0\"></span>nership of the underlying asset.<span class=\"_ _0\"></span> If this is the case,<span class=\"_ _0\"></span> then the lease is a \ue615nance le<span class=\"_ _0\"></span>ase; if not, then it is an operatin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>As part of this assessment, the Gr<span class=\"_ _0\"></span>oup considers certain indicators such as whether<span class=\"_ _2\"></span> the lease is for the major<span class=\"_ _0\"></span> part of the economic life of the asset.\ue618e majority of the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s \ue615nance le<span class=\"_ _0\"></span>ase arrang<span class=\"_ _0\"></span>ements are concluded by<span class=\"_ _0\"></span> Agfa Finance<span class=\"_ _2\"></span>, i.e<span class=\"_ _2\"></span>. Agfa Finance NV<span class=\"_ _0\"></span> or its subsid<span class=\"ws1\">-</span>iaries Agf<span class=\"_ _0\"></span>a Finance Corp.<span class=\"_ _2\"></span> and Agfa Finance Inc.On manufacturing le<span class=\"_ _2\"></span>ases, the Group recognizes r<span class=\"_ _0\"></span>evenue and rela<span class=\"_ _0\"></span>ted pro\ue615t margin a<span class=\"_ _0\"></span>t the moment a Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s manufacturing organization or<span class=\"_ _0\"></span> any r<span class=\"_ _0\"></span>elated comp<span class=\"_ _0\"></span>any in<span class=\"_ _0\"></span>voices Agf<span class=\"_ _0\"></span>a Finance at commencement of the lease w<span class=\"_ _0\"></span>ith the external customer<span class=\"_ _2\"></span>.A commercial contr<span class=\"_ _2\"></span>act whereby a certain piece of equipment is \ue615nance<span class=\"_ _0\"></span>d by means of a medium or<span class=\"_ _2\"></span> long-term agreement under w<span class=\"_ _0\"></span>hich the customer commits to pur<span class=\"_ _0\"></span>chase a certain level of consuma<span class=\"_ _0\"></span>bles at a mark<span class=\"_ _2\"></span>-up price is called a \u2018bundle deal.<span class=\"_ _1\"></span>\u2019 At ea<span class=\"_ _0\"></span>ch sale of consumables, the Gr<span class=\"_ _0\"></span>oup allocates the considera<span class=\"_ _0\"></span>tion received fr<span class=\"_ _0\"></span>om this sale to a reduction of the outstanding lease receiv<span class=\"_ _2\"></span>able and revenue from sale of goods on the b<span class=\"_ _0\"></span>asis of their stand-alone sellin<span class=\"_ _0\"></span>g prices.Receiv<span class=\"_ _0\"></span>ables under \ue615nance le<span class=\"_ _2\"></span>ases are measured at an amount equ<span class=\"_ _0\"></span>al to the discounted future minimum le<span class=\"_ _0\"></span>ase payments.<span class=\"_ _0\"></span> Finance lease income \u2013 pr<span class=\"_ _0\"></span>esented as part of \u2018<span class=\"_ _0\"></span>Other oper<span class=\"_ _0\"></span>ating income<span class=\"_ _2\"></span>\u2019 \u2013 is subsequently recognized b<span class=\"_ _0\"></span>ased on a pattern r<span class=\"_ _0\"></span>e<span class=\"ws1\">-</span>\ue617ecting constant periodic r<span class=\"_ _0\"></span>ate of return on the net inv<span class=\"_ _0\"></span>estment using the e\ue614ective inter<span class=\"_ _0\"></span>est method.On the statement of \ue615nancial position receiv<span class=\"_ _2\"></span>ables under \ue615nance le<span class=\"_ _0\"></span>ases are presented sep<span class=\"_ _0\"></span>arately<span class=\"_ _1\"></span>. All lease receiv<span class=\"_ _2\"></span>ables that are due within 12 months af<span class=\"_ _0\"></span>ter the bal<span class=\"_ _0\"></span>ance sheet date are clas<span class=\"_ _0\"></span>si\ue615ed as current assets.<span class=\"_ _0\"></span> All lease r<span class=\"_ _0\"></span>eceivables th<span class=\"_ _0\"></span>at are due later<span class=\"_ _2\"></span> than 12 months after<span class=\"_ _0\"></span> the balance sheet date ar<span class=\"_ _0\"></span>e classi\ue615ed as non-current as<span class=\"_ _0\"></span>sets.\ue618e Group applies the de-recognition and imp<span class=\"_ _0\"></span>airment requirements in IFRS 9 to the net in<span class=\"_ _0\"></span>vestment in the le<span class=\"_ _0\"></span>ase.\ue618e Group recogniz<span class=\"_ _0\"></span>es lease pa<span class=\"_ _0\"></span>yments receive<span class=\"_ _0\"></span>d under oper<span class=\"_ _0\"></span>ating leases as R<span class=\"_ _0\"></span>evenue<span class=\"_ _0\"></span>, on a str<span class=\"_ _2\"></span>aight line basis over<span class=\"_ _0\"></span> the lease term.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__158": {
   "value": "50.<span class=\"_ _2\"></span>16 InventoriesRaw materi<span class=\"_ _0\"></span>als, supplies and goods pur<span class=\"_ _0\"></span>chased for<span class=\"_ _0\"></span> resale are <span class=\"_ _0\"></span>valued a<span class=\"_ _0\"></span>t purchase cost.W<span class=\"_ _2\"></span>ork in progress and \ue615nishe<span class=\"_ _0\"></span>d goods are v<span class=\"_ _2\"></span>alued at the cost of production. <span class=\"_ _2\"></span>\ue618e cost of production comprises the direct cost of materials, dir<span class=\"_ _0\"></span>ect manufacturing e<span class=\"_ _0\"></span>xpenses, appr<span class=\"_ _0\"></span>opriate allocations of material and manuf<span class=\"_ _0\"></span>acturing ov<span class=\"_ _0\"></span>erheads,<span class=\"_ _0\"></span> and an appropriate shar<span class=\"_ _0\"></span>e of the depreciation of assets used for<span class=\"_ _2\"></span> production. It includes the share of expenses f<span class=\"_ _0\"></span>or compan<span class=\"_ _2\"></span>y pension plans and discretionary employ<span class=\"_ _0\"></span>ee bene\ue615ts that are attributa<span class=\"_ _0\"></span>ble to production. <span class=\"_ _0\"></span>Administra<span class=\"_ _0\"></span>tive costs are included <span class=\"_ _0\"></span>where they are attributable to pr<span class=\"_ _0\"></span>oduction. In<span class=\"_ _0\"></span>ventories are v<span class=\"_ _2\"></span>alued using the weighted-av<span class=\"_ _0\"></span>erag<span class=\"_ _0\"></span>e cost method.If the purchase or<span class=\"_ _0\"></span> production cost is higher<span class=\"_ _0\"></span> than the net re<span class=\"_ _0\"></span>alizable v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> inventories are written do<span class=\"_ _0\"></span>wn to net realiza<span class=\"_ _0\"></span>ble v<span class=\"_ _0\"></span>al<span class=\"ws1\">-</span>ue.<span class=\"_ _2\"></span> Net realizable v<span class=\"_ _2\"></span>alue is the estimated selling price in the ordinary course of business,<span class=\"_ _2\"></span> less the estimated costs necessary to make the sale<span class=\"_ _2\"></span>. \ue618e cos<span class=\"_ _0\"></span>t of inventories ma<span class=\"_ _0\"></span>y not be recov<span class=\"_ _0\"></span>erable in the f<span class=\"_ _0\"></span>ollowing situa<span class=\"_ _0\"></span>tions: <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1 ws23\">obsolete inventory: this is determine<span class=\"_ _0\"></span>d based on a list of non-mov<span class=\"_ _0\"></span>ing or slo<span class=\"_ _0\"></span>w-mov<span class=\"_ _0\"></span>ing inv<span class=\"_ _0\"></span>entory-items, including items </span></span>approxima<span class=\"_ _0\"></span>ting the expiry date; <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">damaged or<span class=\"_ _2\"></span> expired inv<span class=\"_ _0\"></span>entory items or products sho<span class=\"_ _0\"></span>wing quality pr<span class=\"_ _0\"></span>oblems;</span></span> <span class=\"_ _83\"></span><span class=\"ff9\">\u00b7<span class=\"_ _87\"> </span><span class=\"ff1\">declining selling prices.</span></span>Within the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _0\"></span> write-downs of in<span class=\"_ _0\"></span>ventories mainly r<span class=\"_ _0\"></span>esult from obsolescence<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__159": {
   "value": "50.<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7 Cash and cash equivalentsCash and cash equiv<span class=\"_ _0\"></span>alents comprise cash, checks r<span class=\"_ _0\"></span>eceived,<span class=\"_ _0\"></span> and balances with b<span class=\"_ _0\"></span>anks and companies.<span class=\"_ _0\"></span> Cash equiv<span class=\"_ _0\"></span>alents are highly liquid short-term \ue615nancial in<span class=\"_ _0\"></span>vestments that ar<span class=\"_ _0\"></span>e subject to an insigni\ue615cant risk of chang<span class=\"_ _0\"></span>es in v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> are easily conv<span class=\"_ _0\"></span>ert<span class=\"ls1 ws1\">-</span>ible into a known amount of cash and hav<span class=\"_ _0\"></span>e a maturity of three months or<span class=\"_ _2\"></span> less from the date of acquisition or in<span class=\"_ _2\"></span>vestment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__160": {
   "value": "50.<span class=\"_ _2\"></span>18 Share capitalOrdinary shar<span class=\"_ _0\"></span>es are classi\ue615ed as equity<span class=\"_ _1\"></span>. Incremental costs directly attributa<span class=\"_ _0\"></span>ble to the issue of ordinary shar<span class=\"_ _0\"></span>es, net of any<span class=\"_ _0\"></span> tax e\ue614ects, ar<span class=\"_ _0\"></span>e recognized as a deduction fr<span class=\"_ _0\"></span>om retained e<span class=\"_ _0\"></span>arnings.When share capital recogniz<span class=\"_ _0\"></span>ed as equity is repur<span class=\"_ _0\"></span>chased,<span class=\"_ _0\"></span> the amount of the consideration paid,<span class=\"_ _2\"></span> including directly attrib<span class=\"ws1\">-</span>utable costs, net of an<span class=\"_ _0\"></span>y tax e\ue614ects, is r<span class=\"_ _0\"></span>ecognized as a deduction fr<span class=\"_ _0\"></span>om equity<span class=\"_ _2\"></span>. Repur<span class=\"_ _0\"></span>chased shares ar<span class=\"_ _0\"></span>e classi\ue615ed as tre<span class=\"_ _2\"></span>asur<span class=\"_ _22\"></span>y shares and presente<span class=\"_ _0\"></span>d as a deduction from total equity under<span class=\"_ _2\"></span> the caption \u2018Reserve for o<span class=\"_ _0\"></span>wn shares<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>epurchased shar<span class=\"_ _0\"></span>es are accounted for<span class=\"_ _0\"></span> using settlement date accounting<span class=\"_ _2\"></span>. Cancelled tre<span class=\"_ _0\"></span>asury shares are tr<span class=\"_ _2\"></span>ansferred from \u2018Reserve f<span class=\"_ _0\"></span>or ow<span class=\"_ _0\"></span>n shares<span class=\"_ _0\"></span>\u2019 to \u2018Retained e<span class=\"_ _2\"></span>arnings\u2019<span class=\"_ _1\"></span>. When tre<span class=\"_ _2\"></span>asur<span class=\"_ _22\"></span>y shares ar<span class=\"_ _0\"></span>e sold, the amount receiv<span class=\"_ _0\"></span>ed is recognize<span class=\"_ _0\"></span>d as an increase in equit<span class=\"_ _0\"></span>y and the resulting surplus or<span class=\"_ _2\"></span> de\ue615cit on the transaction is presented w<span class=\"_ _0\"></span>ithin share premium.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__161": {
   "value": "When share capital recogniz<span class=\"_ _0\"></span>ed as equity is repur<span class=\"_ _0\"></span>chased,<span class=\"_ _0\"></span> the amount of the consideration paid,<span class=\"_ _2\"></span> including directly attrib<span class=\"ws1\">-</span>utable costs, net of an<span class=\"_ _0\"></span>y tax e\ue614ects, is r<span class=\"_ _0\"></span>ecognized as a deduction fr<span class=\"_ _0\"></span>om equity<span class=\"_ _2\"></span>. Repur<span class=\"_ _0\"></span>chased shares ar<span class=\"_ _0\"></span>e classi\ue615ed as tre<span class=\"_ _2\"></span>asur<span class=\"_ _22\"></span>y shares and presente<span class=\"_ _0\"></span>d as a deduction from total equity under<span class=\"_ _2\"></span> the caption \u2018Reserve for o<span class=\"_ _0\"></span>wn shares<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>epurchased shar<span class=\"_ _0\"></span>es are accounted for<span class=\"_ _0\"></span> using settlement date accounting<span class=\"_ _2\"></span>. Cancelled tre<span class=\"_ _0\"></span>asury shares are tr<span class=\"_ _2\"></span>ansferred from \u2018Reserve f<span class=\"_ _0\"></span>or ow<span class=\"_ _0\"></span>n shares<span class=\"_ _0\"></span>\u2019 to \u2018Retained e<span class=\"_ _2\"></span>arnings\u2019<span class=\"_ _1\"></span>. When tre<span class=\"_ _2\"></span>asur<span class=\"_ _22\"></span>y shares ar<span class=\"_ _0\"></span>e sold, the amount receiv<span class=\"_ _0\"></span>ed is recognize<span class=\"_ _0\"></span>d as an increase in equit<span class=\"_ _0\"></span>y and the resulting surplus or<span class=\"_ _2\"></span> de\ue615cit on the transaction is presented w<span class=\"_ _0\"></span>ithin share premium.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__162": {
   "value": "50.<span class=\"_ _2\"></span>19 ProvisionsProv<span class=\"_ _0\"></span>isions are recogniz<span class=\"_ _0\"></span>ed in the statement of \ue615nancial position w<span class=\"_ _0\"></span>hen a Group compan<span class=\"_ _0\"></span>y has a present obligation (leg<span class=\"_ _0\"></span>al or constructive<span class=\"_ _2\"></span>) as a result of a past event and when it is pr<span class=\"_ _0\"></span>obable that an out\ue617o<span class=\"_ _0\"></span>w of resources embodyin<span class=\"_ _0\"></span>g economic bene\ue615ts will be requir<span class=\"_ _0\"></span>ed to settle the obligation and a reli<span class=\"_ _0\"></span>able estimate can be ma<span class=\"_ _0\"></span>de of the amount of the obligation.\ue618e amount recognized as a pr<span class=\"_ _0\"></span>ovision is the best es<span class=\"_ _0\"></span>timate of the expenditure r<span class=\"_ _0\"></span>equired to settle the present oblig<span class=\"_ _0\"></span>ation at the reporting date<span class=\"_ _2\"></span>.If the e\ue614ect is material,<span class=\"_ _0\"></span> provisions ar<span class=\"_ _0\"></span>e determined by discountin<span class=\"_ _0\"></span>g the expected future cash \ue617o<span class=\"_ _0\"></span>ws at a pre-tax r<span class=\"_ _2\"></span>ate that re\ue617ects current mark<span class=\"_ _2\"></span>et assessments of the time value of money and, <span class=\"_ _0\"></span>where appropria<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> the risks speci\ue615c to the liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>19.1 RestructuringA pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> restructuring is r<span class=\"_ _0\"></span>ecognized when the Gr<span class=\"_ _0\"></span>oup has approv<span class=\"_ _0\"></span>ed a detailed and formal r<span class=\"_ _0\"></span>estructuring plan,<span class=\"_ _0\"></span> and the restructuring h<span class=\"_ _0\"></span>as either commenced or<span class=\"_ _2\"></span> has been announced to those a\ue614ected by it. Futur<span class=\"_ _0\"></span>e operatin<span class=\"_ _0\"></span>g costs are not prov<span class=\"_ _0\"></span>ided for<span class=\"_ _2\"></span>.50.<span class=\"_ _2\"></span>19.2 Environmental protectionIn accordance <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s published env<span class=\"_ _0\"></span>ironmental policy and applicable legal r<span class=\"_ _0\"></span>equirements, a pr<span class=\"_ _0\"></span>ovision for<span class=\"_ _2\"></span> site restor<span class=\"_ _0\"></span>ation in respect of contaminated l<span class=\"_ _0\"></span>and is recognized <span class=\"_ _0\"></span>when the land is contaminated.50.<span class=\"_ _2\"></span>19.3 T<span class=\"_ _2\"></span>rade-relatedT<span class=\"_ _2\"></span>rade-r<span class=\"_ _0\"></span>elated pro<span class=\"_ _0\"></span>visions mainly comprise pr<span class=\"_ _0\"></span>ovisions for<span class=\"_ _2\"></span> sales commissions and warr<span class=\"_ _0\"></span>anty and commercial litig<span class=\"_ _0\"></span>ations. A<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>ision for pr<span class=\"_ _0\"></span>oduct w<span class=\"_ _0\"></span>arranty is m<span class=\"_ _0\"></span>ade at the time of revenue r<span class=\"_ _0\"></span>ecognition and re\ue617ects the estimate<span class=\"_ _0\"></span>d costs of replacement that will be incurr<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _0\"></span>oup.50.<span class=\"_ _2\"></span>19.4 Onerous contractsA pro<span class=\"_ _0\"></span>vision for<span class=\"_ _0\"></span> onerous contr<span class=\"_ _0\"></span>acts is recognized <span class=\"_ _0\"></span>when the expected bene\ue615ts to be derive<span class=\"_ _0\"></span>d by the Group fr<span class=\"_ _0\"></span>om a contract ar<span class=\"_ _0\"></span>e lower<span class=\"_ _2\"></span> than the unavoidable cost of meeting its obliga<span class=\"_ _0\"></span>tions under the contr<span class=\"_ _0\"></span>act, w<span class=\"_ _0\"></span>hich is determined based on the incr<span class=\"_ _0\"></span>emen<span class=\"ws1\">-</span>tal cost of ful\ue615lling the obligation under<span class=\"_ _2\"></span> the contract and an allocation of other costs dir<span class=\"_ _0\"></span>ectly rela<span class=\"_ _0\"></span>ted to ful\ue615lling the con<span class=\"ws1\">-</span>tract.<span class=\"_ _2\"></span> Provisions are esta<span class=\"_ _0\"></span>blished for <span class=\"_ _0\"></span>impending losses on purchase or<span class=\"_ _2\"></span> sales contracts at the amount of the anticipated los<span class=\"_ _0\"></span>ses.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__163": {
   "value": "50.<span class=\"_ _2\"></span>19.2 Environmental protectionIn accordance <span class=\"_ _0\"></span>with the Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s published env<span class=\"_ _0\"></span>ironmental policy and applicable legal r<span class=\"_ _0\"></span>equirements, a pr<span class=\"_ _0\"></span>ovision for<span class=\"_ _2\"></span> site restor<span class=\"_ _0\"></span>ation in respect of contaminated l<span class=\"_ _0\"></span>and is recognized <span class=\"_ _0\"></span>when the land is contaminated.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__165": {
   "value": "Government grants are a t<span class=\"_ _0\"></span>ypical example of unearne<span class=\"_ _0\"></span>d other oper<span class=\"_ _2\"></span>ating income. <span class=\"_ _2\"></span>\ue618ey are recognized in pr<span class=\"_ _0\"></span>o\ue615t or los<span class=\"_ _0\"></span>s when there is a re<span class=\"_ _2\"></span>asonable assurance that the conditions attached to the gr<span class=\"_ _0\"></span>ants will be or<span class=\"_ _0\"></span> are complied w<span class=\"_ _0\"></span>ith and the grants w<span class=\"_ _0\"></span>ill be receive<span class=\"_ _0\"></span>d. Gr<span class=\"_ _0\"></span>ants that compensate the Group for e<span class=\"_ _0\"></span>xpenses incurred are r<span class=\"_ _0\"></span>ecognized in pr<span class=\"_ _0\"></span>o\ue615t or loss under<span class=\"_ _2\"></span> the same functional reporting line item as the corresponding expenses. <span class=\"_ _2\"></span>\ue618ey are recognize<span class=\"_ _0\"></span>d as income over<span class=\"_ _0\"></span> the periods necessary to match them on a sy<span class=\"_ _0\"></span>stematic basis to the cos<span class=\"_ _0\"></span>ts that are intended to be compensated.<span class=\"_ _2\"></span> Grants aw<span class=\"_ _0\"></span>arded for<span class=\"_ _2\"></span> the purchase or production of assets (Intangible as<span class=\"_ _0\"></span>sets or Pr<span class=\"_ _0\"></span>operty<span class=\"_ _2\"></span>, plant and equipment) are r<span class=\"_ _0\"></span>ecognized initially as other<span class=\"_ _2\"></span> liability and then recognized in pr<span class=\"_ _0\"></span>o\ue615t or loss as other<span class=\"_ _2\"></span> income on a system<span class=\"_ _0\"></span>atic basis ov<span class=\"_ _0\"></span>er the useful lif<span class=\"_ _0\"></span>e of the asset. Gov<span class=\"_ _0\"></span>ernment grants for<span class=\"_ _2\"></span> future expenses are recor<span class=\"_ _0\"></span>ded as \u2018<span class=\"_ _0\"></span>Other lia<span class=\"_ _0\"></span>bilities\u2019<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__5__166": {
   "value": ".<span class=\"_ _0\"></span> NEW ST<span class=\"_ _2\"></span>ANDARDS <span class=\"_ _0\"></span>AND INTERPRET<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TIONS ISSUED BUT NOT<span class=\"_ _0\"></span> <span class=\"_ _2\"></span>YET EFFECTIVEA number<span class=\"_ _0\"></span> of new IFRS standards,<span class=\"_ _2\"></span> amendments to IFRS standards and interpretations iss<span class=\"_ _0\"></span>ued, w<span class=\"_ _0\"></span>ere not yet e\ue614<span class=\"_ _0\"></span>ective for<span class=\"_ _0\"></span> the year<span class=\"_ _2\"></span> ended on December 31, 20<span class=\"_ _0\"></span>22 and hav<span class=\"_ _0\"></span>e not been applied in preparin<span class=\"_ _0\"></span>g the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements.\ue618e Group shall adopt these stand<span class=\"_ _0\"></span>ards after<span class=\"_ _0\"></span> endorsement by the E<span class=\"_ _0\"></span>uropean Union.<span class=\"_ _2\"></span> \ue618is rela<span class=\"_ _0\"></span>tes to: \u2022 <span class=\"_ _33b\"> </span>Amendments to IFR<span class=\"_ _0\"></span>S 16 <span class=\"ff75\">Leases : Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in a Sale and Leaseback</span>In September 20<span class=\"_ _2\"></span>22, the IASB issued an amendment to IFRS 16 <span class=\"ff11 wsb3\">Leases r<span class=\"_ _0\"></span>elated to the tr<span class=\"_ _0\"></span>eatment of a lease l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ity in a sale and </span>leaseback tr<span class=\"_ _0\"></span>ansaction<span class=\"ff1 ws43\">.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618ese amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginnin<span class=\"_ _0\"></span>g on or after<span class=\"_ _2\"></span> Januar<span class=\"_ _22\"></span>y 1, 20<span class=\"_ _2\"></span>24. Earlier </span>application is permitted. \ue618e amendment to IFRS 16 <span class=\"ff11 ws1\">Leases</span> speci\ue615es the requir<span class=\"_ _0\"></span>ements that a seller<span class=\"_ _0\"></span>-lessee uses in meas<span class=\"_ _0\"></span>uring the lease liabilit<span class=\"_ _0\"></span>y arising in a sale and leaseb<span class=\"_ _0\"></span>ack tr<span class=\"_ _0\"></span>ansaction, to ensur<span class=\"_ _0\"></span>e the seller-les<span class=\"_ _0\"></span>see does not recognise any amount of the gain or<span class=\"_ _2\"></span> loss that relates to the right of use it retains. <span class=\"_ _0\"></span>A sale and le<span class=\"_ _0\"></span>aseback tr<span class=\"_ _2\"></span>ansaction involves the tr<span class=\"_ _2\"></span>ansfer of an asset by an entity (<span class=\"_ _0\"></span>the seller<span class=\"_ _0\"></span>-lessee) to another entity<span class=\"_ _0\"></span> (the buyer<span class=\"_ _2\"></span>-lessor) and the leaseback<span class=\"_ _0\"></span> of the same asset by the seller<span class=\"_ _2\"></span>-lessee. <span class=\"_ _2\"></span>\ue618e amendment is intended to improv<span class=\"_ _0\"></span>e the requirements for<span class=\"_ _2\"></span> sale and leaseback tr<span class=\"_ _2\"></span>ansactions in IFRS 16. It does not chan<span class=\"_ _0\"></span>ge the accounting for<span class=\"_ _2\"></span> leases unrelate<span class=\"_ _0\"></span>d to sale and leaseba<span class=\"_ _0\"></span>ck tr<span class=\"_ _0\"></span>ansactions.\ue618e amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union in January 20<span class=\"_ _0\"></span>23. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a m<span class=\"_ _0\"></span>aterial impact to the consolida<span class=\"_ _0\"></span>ted statements of the Group<span class=\"_ _0\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"ws88\">Amendments to IAS 1 <span class=\"ff75 wsa\">P<span class=\"_ _0\"></span>resentati<span class=\"_ _0\"></span>on of Financial Stat<span class=\"_ _0\"></span>ements: Classi<span class=\"_ _0\"></span>\ue61fcation of l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities as curr<span class=\"_ _2\"></span>ent or non-current,<span class=\"_ _0\"></span> <span class=\"ff5 ws1\">and </span></span></span>deferr<span class=\"_ _2\"></span>al of e\ue60aective dateIn January 2020<span class=\"_ _2\"></span>, the IASB issued amendments to IAS 1 rela<span class=\"_ _0\"></span>ted to the classi\ue615cation of liabilities.<span class=\"_ _0\"></span> <span class=\"_ _2\"></span>\ue618e am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span><span class=\"ff11 ls6d ws65\">Classi<span class=\"ls1 ws1\">-</span></span>\ue61ecation of l<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties as curren<span class=\"_ _0\"></span>t or non-curr<span class=\"_ _0\"></span>ent <span class=\"ff1 ls1 ws16\">(Amendments to IAS 1) a\ue614ect only<span class=\"_ _0\"></span> the presentation of liabilities in the sta<span class=\"_ _0\"></span>tement </span>of \ue615nancial position \u2013 not the amount or timin<span class=\"_ _0\"></span>g of recognition of any asset,<span class=\"_ _0\"></span> liability income or<span class=\"_ _2\"></span> expenses, or the inform<span class=\"_ _0\"></span>ation that entities disclose about those items.<span class=\"_ _0\"></span> A compan<span class=\"_ _0\"></span>y classi\ue615es a lia<span class=\"_ _0\"></span>bility as non-current if it has a right to def<span class=\"_ _0\"></span>er settlement for<span class=\"_ _2\"></span> at least twelv<span class=\"_ _0\"></span>e months after the r<span class=\"_ _0\"></span>eport<span class=\"ws1\">-</span>ing period. <span class=\"_ _2\"></span>\ue618e amendments clarify that the classi\ue615cation of liabilities as curr<span class=\"_ _0\"></span>ent or non-current should be b<span class=\"_ _0\"></span>ased on rights that exist a<span class=\"_ _0\"></span>t the end of the reporting period. <span class=\"_ _2\"></span>\ue618ey clarify that classi\ue615cation is una\ue614<span class=\"_ _0\"></span>ected by expecta<span class=\"_ _0\"></span>tions about whether<span class=\"_ _0\"></span> an entity will e<span class=\"_ _0\"></span>xercise its right to def<span class=\"_ _0\"></span>er settlement of a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.\ue618e IASB has proposed further<span class=\"_ _2\"></span> amendments to IAS 1 and the deferral of the 2020 amendments to no l<span class=\"_ _0\"></span>ater than Janu<span class=\"_ _0\"></span>ary 1, 2024. \ue618es<span class=\"_ _22\"></span>e a<span class=\"_ _22\"></span>men<span class=\"_ _22\"></span>dme<span class=\"_ _22\"></span>nts<span class=\"_ _22\"></span> have<span class=\"_ _22\"></span> no<span class=\"_ _22\"></span>t yet<span class=\"_ _22\"></span> be<span class=\"_ _22\"></span>en <span class=\"_ _22\"></span>end<span class=\"_ _22\"></span>or<span class=\"_ _22\"></span>sed by the European U<span class=\"_ _0\"></span>nion. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a m<span class=\"_ _0\"></span>aterial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Gr<span class=\"_ _0\"></span>oup. \u2022 <span class=\"_ _33b\"> </span>Amendments to IAS 1: <span class=\"ff75\">N<span class=\"_ _0\"></span>on-current l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities <span class=\"_ _0\"></span>with cov<span class=\"_ _0\"></span>enants</span>In October 20<span class=\"_ _2\"></span>22, the IASB issued an amendment to IAS 1 <span class=\"ff11 wse0\">Non<span class=\"_ _0\"></span>-Current liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies with Co<span class=\"_ _2\"></span>venants<span class=\"ff1 ws69\"> e\ue614ective for<span class=\"_ _0\"></span> annual periods </span></span>beginning on or af<span class=\"_ _0\"></span>ter January 1,<span class=\"_ _0\"></span> 2024.<span class=\"_ _0\"></span> Earlier application is permitte<span class=\"_ _0\"></span>d. \ue618e amendment clari\ue615es how an entity<span class=\"_ _0\"></span> classi\ue615es debt and other<span class=\"_ _0\"></span> \ue615nancial liabilities as curr<span class=\"_ _0\"></span>ent or non-current in p<span class=\"_ _0\"></span>articular cir<span class=\"_ _2\"></span><span class=\"ls1 ws1\">-</span>cumstances. Under<span class=\"_ _2\"></span> the 2022 amendments, only co<span class=\"_ _0\"></span>venants of a liability<span class=\"_ _0\"></span> arising from a loan arr<span class=\"_ _2\"></span>angement, which an entity mus<span class=\"_ _0\"></span>t comply with on or<span class=\"_ _2\"></span> before the reporting date a\ue614ect the clas<span class=\"_ _0\"></span>si\ue615cation of that liability as curr<span class=\"_ _0\"></span>ent or non-curr<span class=\"_ _0\"></span>ent. <span class=\"_ _2\"></span>\ue618e 2022 amend<span class=\"ls1 ws1\">-</span>ments, as opposed to the pr<span class=\"_ _0\"></span>oposed amendments in the 2021 ED<span class=\"_ _2\"></span>, do not require an entity to pr<span class=\"_ _0\"></span>esent separ<span class=\"_ _0\"></span>ately non-current liabilities for<span class=\"_ _0\"></span> which the entity\u2019<span class=\"_ _1\"></span>s right to defer settlement is subject to compliance w<span class=\"_ _0\"></span>ith future co<span class=\"_ _0\"></span>venants within t<span class=\"_ _0\"></span>welve months. Instead,<span class=\"_ _2\"></span> the 2022 amendments require entities to disclose inform<span class=\"_ _0\"></span>ation about such cov<span class=\"_ _0\"></span>enants and relate<span class=\"_ _0\"></span>d liabilities in the notes.\ue618ese amendments have not <span class=\"_ _0\"></span>yet been endorsed by the E<span class=\"_ _0\"></span>urope<span class=\"_ _0\"></span>an Union. <span class=\"_ _2\"></span>\ue618e Group will apply the<span class=\"_ _22\"></span>se <span class=\"_ _22\"></span>ame<span class=\"_ _22\"></span>ndm<span class=\"_ _22\"></span>ent<span class=\"_ _22\"></span>s a<span class=\"_ _22\"></span>fte<span class=\"_ _22\"></span>r en<span class=\"ls1 ws1\">-</span>dorsement. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a ma<span class=\"_ _0\"></span>terial impact to the consolidate<span class=\"_ _0\"></span>d \ue615nancial statements of the Group<span class=\"_ _0\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"ws77\">Amendments to IAS 1 <span class=\"ff75 ws66\">P<span class=\"_ _0\"></span>resentati<span class=\"_ _0\"></span>on of Financial Stat<span class=\"_ _0\"></span>ements<span class=\"ff5 ws77\"> and IFRS Pr<span class=\"_ _2\"></span>actice Statement 2: <span class=\"ff75 wsc2\">Disclosur<span class=\"_ _0\"></span>e of Accountin<span class=\"_ _0\"></span>g </span></span></span></span>policies<span class=\"ff5 ls1 ws1\">, iss<span class=\"_ _0\"></span>ued on F<span class=\"_ _0\"></span>ebruary 12,<span class=\"_ _0\"></span> 2021</span>\ue618ese amendments include narrow<span class=\"_ _2\"></span>-scope amendments to improve accounting policy disclosur<span class=\"_ _0\"></span>es so that they pro<span class=\"_ _0\"></span>vide more useful informa<span class=\"_ _0\"></span>tion to investors and other<span class=\"_ _2\"></span> primary users of the \ue615nancial statements. <span class=\"_ _2\"></span>\ue618e amendments to IAS 1 require companies to disclose their<span class=\"_ _0\"></span> material accounting policy inform<span class=\"_ _0\"></span>ation ra<span class=\"_ _0\"></span>ther than their<span class=\"_ _2\"></span> signi\ue615cant accounting policies. <span class=\"_ _0\"></span>\ue618e amendments to IFRS Pr<span class=\"_ _0\"></span>actice Statement 2 prov<span class=\"_ _0\"></span>ide guidance on how<span class=\"_ _0\"></span> to apply the concept of materiality to accountin<span class=\"_ _0\"></span>g poli<span class=\"ws1\">-</span>cy disclosures.<span class=\"_ _0\"></span> \ue618e amendments ar<span class=\"_ _0\"></span>e e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23 with e<span class=\"_ _0\"></span>arly application permitted. <span class=\"_ _2\"></span>\ue618ese amendments have been endorsed by<span class=\"_ _0\"></span> the EU<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\ue618e application of this amendment will not have a materi<span class=\"_ _0\"></span>al impact to the consolidate<span class=\"_ _0\"></span>d \ue615nancial statements of the Group<span class=\"_ _2\"></span>. \u2022 <span class=\"_ _33b\"> </span><span class=\"wscc\">Amendments to IAS 8</span><span class=\"ff1\"> <span class=\"_ _54\"></span><span class=\"ff75 wseb\">Accounting pol<span class=\"_ _0\"></span>icies, Chan<span class=\"_ _0\"></span>ges in Account<span class=\"_ _2\"></span>ing Estimates and Errors: D<span class=\"_ _0\"></span>e\ue61fnition of<span class=\"_ _0\"></span> Account<span class=\"_ _0\"></span>ing </span></span>Estimat<span class=\"_ _0\"></span>esIn Fe<span class=\"_ _0\"></span>bruary 2021,<span class=\"_ _0\"></span> the IASB issued amendments to IAS 8 tha<span class=\"_ _0\"></span>t clarify how companies should dis<span class=\"_ _0\"></span>tinguish changes in a<span class=\"_ _0\"></span>ccount<span class=\"ws1\">-</span>ing policies from chang<span class=\"_ _0\"></span>es in accounting estima<span class=\"_ _0\"></span>tes. <span class=\"_ _2\"></span>\ue618e distinction is important because changes in accounting estim<span class=\"_ _0\"></span>ates are applied prospectiv<span class=\"_ _0\"></span>ely only to futur<span class=\"_ _0\"></span>e transactions and other<span class=\"_ _2\"></span> future events, but chang<span class=\"_ _0\"></span>es in accounting policies are g<span class=\"_ _0\"></span>ener<span class=\"ws1\">-</span>ally also applied retr<span class=\"_ _0\"></span>ospectively to pas<span class=\"_ _0\"></span>t transactions and other<span class=\"_ _2\"></span> past events.\ue618e amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginning on or<span class=\"_ _2\"></span> after January 1, 20<span class=\"_ _2\"></span>23 with early application permitted.<span class=\"_ _0\"></span> \ue618ese amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e application of this amendment will not hav<span class=\"_ _0\"></span>e a mate<span class=\"ws1\">-</span>rial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Group<span class=\"_ _2\"></span>. Amendments to IAS <span class=\"ff75\">12 Income <span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>axes: Def<span class=\"_ _0\"></span>erred <span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>ax related to Assets and L<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ities ar<span class=\"_ _0\"></span>ising from a S<span class=\"_ _0\"></span>ingle <span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>ransaction</span>In May 20<span class=\"_ _0\"></span>21, the IASB issue<span class=\"_ _0\"></span>d amendments to IAS 12 that clarify how<span class=\"_ _0\"></span> companies should account for<span class=\"_ _0\"></span> deferred tax on tr<span class=\"_ _2\"></span>ans<span class=\"ws1\">-</span>actions such as leases and decommis<span class=\"_ _0\"></span>sioning obligations. IAS 12\ue69d<span class=\"_ _2\"></span><span class=\"ff11 ws11\">Income T<span class=\"_ _2\"></span>axes<span class=\"ff1 ws2b\">\ue69dspeci\ue615es ho<span class=\"_ _0\"></span>w a compan<span class=\"_ _0\"></span>y accounts for<span class=\"_ _0\"></span> income </span></span>tax, including deferr<span class=\"_ _0\"></span>ed tax, <span class=\"_ _0\"></span>which represents tax p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able or r<span class=\"_ _0\"></span>ecover<span class=\"_ _2\"></span>able in the future.<span class=\"_ _0\"></span> In speci\ue615ed circumstances,<span class=\"_ _2\"></span> compa<span class=\"ws1\">-</span>nies are ex<span class=\"_ _0\"></span>empt from recognizing def<span class=\"_ _0\"></span>erred tax when they<span class=\"_ _0\"></span> recognize assets or<span class=\"_ _2\"></span> liabilities for the \ue615rst time<span class=\"_ _2\"></span>. Previously<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> there had been some uncertainty about <span class=\"_ _0\"></span>whether the e<span class=\"_ _0\"></span>xemption applied to tr<span class=\"_ _0\"></span>ansactions such as le<span class=\"_ _0\"></span>ases and decommissioning obligations, tr<span class=\"_ _2\"></span>ansactions for which comp<span class=\"_ _0\"></span>anies recognize both an asset and a li<span class=\"_ _0\"></span>ability<span class=\"_ _2\"></span>.\ue69d<span class=\"_ _22\"></span>\ue618e amendments clarify that the exemption does not apply and th<span class=\"_ _0\"></span>at companies are r<span class=\"_ _0\"></span>equired to r<span class=\"_ _0\"></span>ecognize deferred tax on s<span class=\"_ _0\"></span>uch transactions.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e aim of the amendments is to reduce diversit<span class=\"_ _0\"></span>y in the reporting of deferre<span class=\"_ _0\"></span>d tax on leases and decommissioning oblig<span class=\"_ _0\"></span>ations.\ue618e amendments are e\ue614ective f<span class=\"_ _0\"></span>or annual periods beginning on or<span class=\"_ _2\"></span> after January 1, 20<span class=\"_ _2\"></span>23 with early application permitted.<span class=\"_ _0\"></span> \ue618ese amendments have been endorse<span class=\"_ _0\"></span>d by the Eur<span class=\"_ _0\"></span>opean Union.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\ue618e application of this amendment will not hav<span class=\"_ _0\"></span>e a mate<span class=\"ws1\">-</span>rial impact to the consolida<span class=\"_ _0\"></span>ted \ue615nancial statements of the Group<span class=\"_ _2\"></span>.\ue618e followin<span class=\"_ _0\"></span>g changes ha<span class=\"_ _0\"></span>ve not been elabor<span class=\"_ _2\"></span>ated on as the Group does not expect these to hav<span class=\"_ _0\"></span>e a material impa<span class=\"_ _0\"></span>ct to the consolidated \ue615nancial s<span class=\"_ _0\"></span>tatements. <span class=\"_ _2\"></span>\ue618ese relate to: \u2022 <span class=\"_ _33b\"> </span><span class=\"ws28\">IFRS 1<span class=\"_ _0\"></span>7 <span class=\"ff75 ws1d\">Insur<span class=\"_ _0\"></span>ance Contracts<span class=\"ff1 wsca\"> (is<span class=\"_ _0\"></span>sued on May 18,<span class=\"_ _0\"></span> 201<span class=\"_ _0\"></span>7); including Amendments to IFRS 1<span class=\"_ _0\"></span>7 (issued on June 25,<span class=\"_ _0\"></span> 2020) - en<span class=\"ws1\">-</span></span></span></span>dorsed e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23;\u2022 <span class=\"_ _33b\"> </span><span class=\"ws84\">Amendments to IFR<span class=\"_ _0\"></span>S 17 <span class=\"ff75\">Insur<span class=\"_ _2\"></span>ance Contracts<span class=\"ff1 ls67 ws70\">: initial application of IFRS 1<span class=\"_ _0\"></span>7 and IFRS 9 Compar<span class=\"_ _2\"></span>ative Information (issued </span></span></span>on December 9,<span class=\"_ _0\"></span> 2021<span class=\"_ _0\"></span>) \u2013 endorsed e\ue614ective for<span class=\"_ _2\"></span> annual periods beginning on or after<span class=\"_ _0\"></span> January 1, 20<span class=\"_ _0\"></span>23.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f75787": {
   "value": "Septestraat 27, B-2640 Mortsel, Belgium",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:549300IHBDUTUNQJJB79",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}