{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"WAL": "http://walleniuswilhelmsen.com/2023-12-31",
"ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full",
"iso4217": "http://www.xbrl.org/2003/iso4217",
"scheme": "http://standards.iso.org/iso/17442",
"xbrl": "https://xbrl.org/2021",
"xbrli": "http://www.xbrl.org/2003/instance"
},
"taxonomy": [
"http://walleniuswilhelmsen.com/2023-12-31/549300NBN0URT3RA3Y54-2023-12-31.xsd"
]
},
"facts": {
"f13960": {
"value": "5149000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f13963": {
"value": "5045000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f13968": {
"value": "3342000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OperatingExpense",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f13971": {
"value": "3497000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OperatingExpense",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f13979": {
"value": "1807000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:ProfitLossFromOperatingActivitiesBeforeInterestTaxesDepreciationAndAmortisationExpense",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f13982": {
"value": "1548000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:ProfitLossFromOperatingActivitiesBeforeInterestTaxesDepreciationAndAmortisationExpense",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f13988": {
"value": "-6000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherGainsLosses",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f13991": {
"value": "-47000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherGainsLosses",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f13997": {
"value": "577000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DepreciationAndAmortisationExpense",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14000": {
"value": "541000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DepreciationAndAmortisationExpense",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14005": {
"value": "5000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14008": {
"value": "29000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14014": {
"value": "1218000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14017": {
"value": "931000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14024": {
"value": "3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14027": {
"value": "2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14031": {
"value": "122000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14034": {
"value": "184000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14038": {
"value": "309000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14041": {
"value": "288000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14047": {
"value": "-186000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14050": {
"value": "-104000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14056": {
"value": "1035000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14059": {
"value": "829000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14065": {
"value": "68000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14068": {
"value": "35000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14074": {
"value": "967000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14077": {
"value": "794000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14084": {
"value": "846000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14087": {
"value": "679000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14092": {
"value": "121000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14095": {
"value": "116000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14100": {
"value": "2",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"f14101": {
"value": "2",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"f14104": {
"value": "1.6",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"f14105": {
"value": "1.6",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD/xbrli:shares"
}
},
"f14117": {
"value": "967000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14120": {
"value": "794000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14129": {
"value": "4000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14132": {
"value": "-7000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14140": {
"value": "-3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14143": {
"value": "-5000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14148": {
"value": "-3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14151": {
"value": "11000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14157": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14160": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14165": {
"value": "966000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14168": {
"value": "794000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14174": {
"value": "845000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14177": {
"value": "679000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14181": {
"value": "121000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14184": {
"value": "115000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14189": {
"value": "966000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14192": {
"value": "794000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14220": {
"value": "53000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14223": {
"value": "59000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14229": {
"value": "360000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsAndGoodwill",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14232": {
"value": "395000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsAndGoodwill",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14239": {
"value": "3871000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14242": {
"value": "3943000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14249": {
"value": "1443000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14252": {
"value": "1599000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14257": {
"value": "224000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14260": {
"value": "247000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14265": {
"value": "5951000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14268": {
"value": "6242000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14273": {
"value": "138000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:BunkersAndLuboil",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14276": {
"value": "139000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:BunkersAndLuboil",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14282": {
"value": "616000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTradeReceivables",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14285": {
"value": "605000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTradeReceivables",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14290": {
"value": "231000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14293": {
"value": "191000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14297": {
"value": "1705000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14300": {
"value": "1216000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14305": {
"value": "2690000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14308": {
"value": "2151000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14314": {
"value": "8642000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14317": {
"value": "8394000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14325": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14328": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14333": {
"value": "3616000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:RetainedEarningsAndOtherReserves",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14336": {
"value": "3125000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:RetainedEarningsAndOtherReserves",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14341": {
"value": "3644000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14344": {
"value": "3153000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14349": {
"value": "413000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14352": {
"value": "355000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14357": {
"value": "4056000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14360": {
"value": "3508000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14366": {
"value": "39000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14369": {
"value": "40000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14374": {
"value": "67000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14377": {
"value": "71000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14384": {
"value": "1897000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14387": {
"value": "2200000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14392": {
"value": "1097000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14395": {
"value": "1254000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14400": {
"value": "63000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14403": {
"value": "95000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14408": {
"value": "3163000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14411": {
"value": "3659000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14418": {
"value": "103000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14421": {
"value": "112000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14427": {
"value": "406000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14430": {
"value": "316000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14435": {
"value": "313000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14438": {
"value": "317000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14443": {
"value": "37000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14446": {
"value": "2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14451": {
"value": "564000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14454": {
"value": "479000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14459": {
"value": "1423000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14462": {
"value": "1226000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14467": {
"value": "8642000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14470": {
"value": "8394000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14499": {
"value": "1035000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14502": {
"value": "829000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14508": {
"value": "-186000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceIncomeCost",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14511": {
"value": "-104000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceIncomeCost",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14515": {
"value": "3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14518": {
"value": "2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14524": {
"value": "577000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14527": {
"value": "541000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14531": {
"value": "5000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14534": {
"value": "29000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14538": {
"value": "2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14541": {
"value": "14000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14545": {
"value": "-2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14548": {
"value": "-12000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14553": {
"value": "6000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14556": {
"value": "47000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14560": {
"value": "7000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:AdjustmentsForDecreaseIncreaseInOtherAssetsAndAdjustmentsForIncreaseDecreaseInOtherLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14563": {
"value": "-190000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:AdjustmentsForDecreaseIncreaseInOtherAssetsAndAdjustmentsForIncreaseDecreaseInOtherLiabilities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14568": {
"value": "39000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14571": {
"value": "35000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14576": {
"value": "1771000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14579": {
"value": "1297000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14585": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14588": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14593": {
"value": "2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14596": {
"value": "45000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14602": {
"value": "163000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:PurchaseOfPropertyPlantAndEquipmentAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14605": {
"value": "112000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:PurchaseOfPropertyPlantAndEquipmentAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14610": {
"value": "13000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14613": {
"value": "11000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14617": {
"value": "69000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14620": {
"value": "15000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14624": {
"value": "-104000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14627": {
"value": "-62000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14634": {
"value": "473000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14637": {
"value": "1002000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14642": {
"value": "655000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14645": {
"value": "1095000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14650": {
"value": "319000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14653": {
"value": "352000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14658": {
"value": "218000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14661": {
"value": "189000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14665": {
"value": "30000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:RealisedOtherDerivativesClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14668": {
"value": "14000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:RealisedOtherDerivativesClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14673": {
"value": "57000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14676": {
"value": "16000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14680": {
"value": "4000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14683": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14687": {
"value": "362000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14690": {
"value": "63000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14695": {
"value": "-4000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:IncreaseDecreaseInCashCollateralUsedInFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14698": {
"value": "-2000000",
"decimals": -6,
"dimensions": {
"concept": "WAL:IncreaseDecreaseInCashCollateralUsedInFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14702": {
"value": "-1177000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14705": {
"value": "-729000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14710": {
"value": "490000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14713": {
"value": "505000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14717": {
"value": "1216000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14720": {
"value": "710000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14726": {
"value": "1705000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14729": {
"value": "1216000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14786": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14789": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14792": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14795": {
"value": "3125000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14798": {
"value": "3153000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14801": {
"value": "355000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14804": {
"value": "3508000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14809": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14812": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14815": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14818": {
"value": "846000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14821": {
"value": "846000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14824": {
"value": "121000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14827": {
"value": "967000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14831": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14834": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14837": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14840": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14843": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14846": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14849": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14854": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14857": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14860": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14863": {
"value": "845000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14866": {
"value": "845000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14869": {
"value": "121000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14872": {
"value": "966000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14876": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14879": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14882": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14885": {
"value": "3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14888": {
"value": "3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14891": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14894": {
"value": "3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14898": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14901": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14904": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14907": {
"value": "4000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14910": {
"value": "4000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14913": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14916": {
"value": "4000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14921": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14924": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14927": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14930": {
"value": "5000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14933": {
"value": "5000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14936": {
"value": "-6000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14939": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14943": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14946": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14949": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14952": {
"value": "359000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14955": {
"value": "359000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14958": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14961": {
"value": "359000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14966": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14969": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14972": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14975": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f14978": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f14981": {
"value": "57000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f14984": {
"value": "57000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f14988": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f14991": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f14994": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f14997": {
"value": "3616000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15000": {
"value": "3644000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15003": {
"value": "413000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15006": {
"value": "4056000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15038": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f15041": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f15044": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f15047": {
"value": "2511000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15050": {
"value": "2539000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15053": {
"value": "266000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15056": {
"value": "2804000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15061": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f15064": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f15067": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f15070": {
"value": "679000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15073": {
"value": "679000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15076": {
"value": "116000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15079": {
"value": "794000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15083": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f15086": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f15089": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f15092": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15095": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15098": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15101": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15106": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f15109": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f15112": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f15115": {
"value": "679000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15118": {
"value": "679000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15121": {
"value": "115000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15124": {
"value": "794000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15128": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f15131": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f15134": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f15137": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15140": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15143": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15146": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:SaleOrIssueOfTreasuryShares",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15153": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f15156": {
"value": "-3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15159": {
"value": "-3000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15162": {
"value": "-8000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15165": {
"value": "-11000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15172": {
"value": "63000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15175": {
"value": "63000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15178": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15181": {
"value": "63000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15186": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f15189": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f15192": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f15195": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15198": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15201": {
"value": "16000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15204": {
"value": "16000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"f15208": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:USD"
}
},
"f15211": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:USD"
}
},
"f15214": {
"value": "28000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:PaidInCapitalMember",
"unit": "iso4217:USD"
}
},
"f15217": {
"value": "3125000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "WAL:RetainedEarningsAndOtherReservesMember",
"unit": "iso4217:USD"
}
},
"f15220": {
"value": "3153000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:USD"
}
},
"f15223": {
"value": "355000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:USD"
}
},
"f15226": {
"value": "3508000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:USD"
}
},
"s8_notes__7__7": {
"value": "General information and backgroundWallenius Wilhelmsen ASA (the parent company) is a public limited company incor-porated in Norway, and its shares are listed on the Oslo Stock Exchange. The parent company\u2019s registered office is at Strandveien 20, Lysaker, Norway. These consolidated financial statements consist of the parent company and its subsidiaries (the group) and the group\u2019s interests in associated companies and jointly controlled entities. The group\u2019s business is primarily made up of shipping and logistics operations. The principal activities of the group are described in note 2 Segment information. These consolidated financial statements were approved for issue by the board of directors on March 12, 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__16": {
"value": "Wallenius Wilhelmsen ASA",
"dimensions": {
"concept": "ifrs-full:NameOfUltimateParentOfGroup",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__15": {
"value": "Wallenius Wilhelmsen ASA",
"dimensions": {
"concept": "ifrs-full:NameOfParentEntity",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__8": {
"value": "Wallenius Wilhelmsen ASA",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__10": {
"value": "ASA",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__11": {
"value": "Norway",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__9": {
"value": "Norway",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__12": {
"value": "Strandveien 20, Lysaker",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__13": {
"value": "Lysaker",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__21": {
"value": "subsidiaries (the group) and the group\u2019s interests in associated companies and jointly controlled entities. The group\u2019s business is primarily made up of shipping and logistics operations. The principal activities of the group are described in note 2 Segment information. These consolidated financial statements were approved for issue by the board of directors on March 12, 2024.Basis of preparationStatement of compliance The consolidated financial statements have been prepared in accordance with the IFRS\u00ae Accounting Standards as adopted by the EU and additional disclosure requirements in the Norwegian Accounting Act as effective December 31, 2023. The financial statements for the parent company have been prepared and presented in accordance with simplified IFRS as stated by \u00a7 3-9 of the Accounting Act and the Regulations on the Simplified Application of International Accounting Standards established by the Norwegian Ministry of Finance on February 7, 2022. In the parent company, the company has elected to apply the exemption from IFRS for dividends and group contributions. Otherwise, the accounting policies for the group are also adopted by the parent company. Wallenius Wilhelmsen provides additional disclo-sures in accordance with requirements in the Norwegian Accounting Act related to remuneration to the board and management. The consolidated financial statements are presented in US dollars (USD), rounded to the nearest whole million unless otherwise stated. USD is the functional currency of most entities in the group. The parent company is presented in its functional currency USD.Historical cost conventionThe financial statements have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities (including financial derivatives) at fair value either through the income statement or other comprehensive income. New and revised standards \u2013 adopted and not yet effectiveNone of the amendments to IFRSs or IFRIC interpretations implemented with effect from January 1, 2023 have or are expected to have a material impact on the group or the parent company\u2019s financial statements. At the date of the approval of these financial statements, the group has not identified significant impact to the group or the parent company\u2019s financial statements as a result of amendments effective for 2024. The group has not yet fully assessed the impact of changes which are effective for 2025 and beyond.Principles of consolidation and equity accountingThe consolidated financial statements comprise the financial statements of Walle-nius Wilhelmsen ASA and its subsidiaries as of December 31, 2023. SubsidiariesSubsidiaries are all entities over which the group has control. The group controls an entity where the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The acquisition method is used by the group to account for business combinations. Inter-company transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Account-ing policies of subsidiaries have been changed where necessary to ensure consis-tency with the policies adopted by the group. Non-controlling interests in the results and equity of subsidiaries are presented separately in the consolidated income statement, statement of comprehensive income, statement of changes in equity and balance sheet, respectively. Changes in ownership interestsA change in ownership interest of a subsidiary that does not result in a loss of control is a transaction with equity owners of the group and accounted for as an equity transaction. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. When the group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in the carrying amount recognized in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other compre-hensive income are reclassified to profit or loss. If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only the proportionate share of the amounts previously recognized in other comprehensive income is reclassified to profit or loss.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__14": {
"value": "The group\u2019s business is primarily made up of shipping and logistics operations",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__18": {
"value": "Basis of preparationStatement of compliance The consolidated financial statements have been prepared in accordance with the IFRS\u00ae Accounting Standards as adopted by the EU and additional disclosure requirements in the Norwegian Accounting Act as effective December 31, 2023. The financial statements for the parent company have been prepared and presented in accordance with simplified IFRS as stated by \u00a7 3-9 of the Accounting Act and the Regulations on the Simplified Application of International Accounting Standards established by the Norwegian Ministry of Finance on February 7, 2022. In the parent company, the company has elected to apply the exemption from IFRS for dividends and group contributions. Otherwise, the accounting policies for the group are also adopted by the parent company. Wallenius Wilhelmsen provides additional disclo-sures in accordance with requirements in the Norwegian Accounting Act related to remuneration to the board and management. The consolidated financial statements are presented in US dollars (USD), rounded to the nearest whole million unless otherwise stated. USD is the functional currency of most entities in the group. The parent company is presented in its functional currency USD.Historical cost conventionThe financial statements have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities (including financial derivatives) at fair value either through the income statement or other comprehensive income. New and revised standards \u2013 adopted and not yet effectiveNone of the amendments to IFRSs or IFRIC interpretations implemented with effect from January 1, 2023 have or are expected to have a material impact on the group or the parent company\u2019s financial statements. At the date of the approval of these financial statements, the group has not identified significant impact to the group or the parent company\u2019s financial statements as a result of amendments effective for 2024. The group has not yet fully assessed the impact of changes which are effective for 2025 and beyond.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__19": {
"value": "Statement of compliance The consolidated financial statements have been prepared in accordance with the IFRS\u00ae Accounting Standards as adopted by the EU and additional disclosure requirements in the Norwegian Accounting Act as effective December 31, 2023. The financial statements for the parent company have been prepared and presented in accordance with simplified IFRS as stated by \u00a7 3-9 of the Accounting Act and the Regulations on the Simplified Application of International Accounting Standards established by the Norwegian Ministry of Finance on February 7, 2022. In the parent company, the company has elected to apply the exemption from IFRS for dividends and group contributions. Otherwise, the accounting policies for the group are also adopted by the parent company. Wallenius Wilhelmsen provides additional disclo-sures in accordance with requirements in the Norwegian Accounting Act related to remuneration to the board and management. The consolidated financial statements are presented in US dollars (USD), rounded to the nearest whole million unless otherwise stated. USD is the functional currency of most entities in the group. The parent company is presented in its functional currency USD.Historical cost conventionThe financial statements have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities (including financial derivatives) at fair value either through the income statement or other comprehensive income. New and revised standards \u2013 adopted and not yet effectiveNone of the amendments to IFRSs or IFRIC interpretations implemented with effect from January 1, 2023 have or are expected to have a material impact on the group or the parent company\u2019s financial statements. At the date of the approval of these financial statements, the group has not identified significant impact to the group or the parent company\u2019s financial statements as a result of amendments effective for 2024. The group has not yet fully assessed the impact of changes which are effective for 2025 and beyond.",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__20": {
"value": "Principles of consolidation and equity accountingThe consolidated financial statements comprise the financial statements of Walle-nius Wilhelmsen ASA and its subsidiaries as of December 31, 2023. SubsidiariesSubsidiaries are all entities over which the group has control. The group controls an entity where the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The acquisition method is used by the group to account for business combinations. Inter-company transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Account-ing policies of subsidiaries have been changed where necessary to ensure consis-tency with the policies adopted by the group. Non-controlling interests in the results and equity of subsidiaries are presented separately in the consolidated income statement, statement of comprehensive income, statement of changes in equity and balance sheet, respectively. Changes in ownership interestsA change in ownership interest of a subsidiary that does not result in a loss of control is a transaction with equity owners of the group and accounted for as an equity transaction. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. When the group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in the carrying amount recognized in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other compre-hensive income are reclassified to profit or loss. If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only the proportionate share of the amounts previously recognized in other comprehensive income is reclassified to profit or loss.Shares in subsidiaries, joint ventures and associates (parent company)Shares in subsidiaries, joint ventures and associates are recognized according to the cost method. Group contributions and dividends from subsidiaries are recog-nized in the year in which it is proposed by the subsidiary to the extent the parent company can control the decision of the subsidiary.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__17": {
"value": "Principles of consolidation and equity accountingThe consolidated financial statements comprise the financial statements of Walle-nius Wilhelmsen ASA and its subsidiaries as of December 31, 2023. SubsidiariesSubsidiaries are all entities over which the group has control. The group controls an entity where the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The acquisition method is used by the group to account for business combinations. Inter-company transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Account-ing policies of subsidiaries have been changed where necessary to ensure consis-tency with the policies adopted by the group. Non-controlling interests in the results and equity of subsidiaries are presented separately in the consolidated income statement, statement of comprehensive income, statement of changes in equity and balance sheet, respectively. Changes in ownership interestsA change in ownership interest of a subsidiary that does not result in a loss of control is a transaction with equity owners of the group and accounted for as an equity transaction. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. When the group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in the carrying amount recognized in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other compre-hensive income are reclassified to profit or loss. If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only the proportionate share of the amounts previously recognized in other comprehensive income is reclassified to profit or loss.Shares in subsidiaries, joint ventures and associates (parent company)Shares in subsidiaries, joint ventures and associates are recognized according to the cost method. Group contributions and dividends from subsidiaries are recog-nized in the year in which it is proposed by the subsidiary to the extent the parent company can control the decision of the subsidiary.Segment reportingThe group\u2019s operating segments are reported in a manner consistent with the internal financial reporting provided to the chief operating decision-maker which is the group\u2019s Chief Executive Officer (CEO). Financial and operational information is prepared for each segment, and the information disclosed is in line with the infor-mation used by the CEO to assess performance and allocate resources. The chief operating decision-maker is responsible for coordinating business and manage-ment to optimize the use of know-how and resources and to align decision-making related to the implementation of the group\u2019s strategy. Related party transactionsSee note 22 to the group financial statements for related party transactions. See note 4 to the group financial statements for remuneration of senior executives in the group and note 2 to the parent company financial statements for information related to loans and guarantees for employees in the parent company. Wallenius Wilhelmsen also provides additional disclosures in accordance with requirements in the Norwegian Accounting Act \u00a77-31b related to remuneration to the board and management. This information is included in the separate Remuneration report for 2023. Foreign currency transaction and translationTransactions In individual companies, transactions in foreign currencies are initially recorded in the functional currency by applying the rate of exchange as of the transaction date. Monetary assets and liabilities denominated in foreign currencies are subsequently translated into the relevant functional currency by using the rate of exchange at the balance sheet date. Realized and unrealized currency gains or losses are included in financial income or expense.TranslationIn the consolidated financial statements, the assets and liabilities of non-USD functional currency subsidiaries, joint ventures and associates, including related goodwill, are translated into USD using the rate of exchange as of the balance sheet date. The results and cash flows of non-USD functional currency subsidiaries, joint ventures and associates are translated into USD using the average exchange rate for the period (month) reported (unless this average is not a reasonable approx-imation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the exchange rate on the dates of the transactions). Exchange rate adjustments arising when the opening net assets and the net income for the year retained by non-USD operations are translated into USD are recognized in other comprehensive income. On disposal of a non-USD functional currency subsidiary, joint venture or associate, the deferred cumulative amount recognized in equity relating to that particular entity is recog-nized in the income statement. Revenue recognitionThe group recognizes revenue from the following major sources:\u2022 Voyage charter revenue (freight revenue)\u2022 Land-based revenueRevenue is measured based on the consideration to which the group expects to be entitled in a contract with a customer and excludes amounts collected on behalf of third parties. The group recognizes revenue when it transfers control of a product or service to a customer. The group bases its estimates on all available information, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement. The accounting policies for the group\u2019s main types of revenue are set out below.Voyage charter revenueVoyage charter revenue is recognized in accordance with IFRS 15 by estimating the total income for a vessel on a voyage. The voyage charter revenue is recognized over time on the basis of progress on fulfillment. The measure of progress is the number of days incurred compared to estimated total days for the applicable voyage. When recognizing revenue from voyage charters, the group applies the practical expe-dient defined by the standard enabling the group to account for several contracts with similar characteristics as a portfolio, since combining the contracts does not produce a materially different outcome than accounting for the contracts individ-ually. Revenue is recognized on a straight-line basis for the entire voyage.Land-based logistics service revenue Land-based logistics services are recognized in accordance with IFRS 15 in the accounting period in which the services have been rendered.Tangible assetsVessels and other tangible assets acquired by group companies are initially recog-nized at cost. For newbuild contracts, the cost price includes all the costs incurred in the development and construction process, including capitalized borrowing costs. Depreciation is calculated on a straight-line basis. A residual value, which reduces the depreciation base, is estimated for vessels. The estimate is based on a 10 year average rolling demolition price for general cargo vessels. In addition, a charge for green ship recycling is deducted. The calculation is performed on an annual basis.The carrying value of tangible assets equals the historical cost less accumulated depreciation and any impairment charges. The group capitalizes loan costs related to the construction of new vessels on the basis of the group\u2019s average borrowing rate on interest-bearing debt. Shipbuilder installments paid, other direct vessel costs and the group\u2019s interest costs related to financing the acquisition of vessels are capitalized as they are paid. Tangible assets are depreciated over the following estimated useful lives:Vessels 27-30 yearsProperty 30-50 yearsLand no depreciationOther tangible assets 3-10 years Each component of a tangible asset, which is significant for the total cost of the item and for which the estimated useful life is different, will be depreciated sepa-rately. Components with similar estimated useful lives will be included in a single component.An analysis of the group\u2019s fleet concluded that vessels based on a pure car truck carrier/roll-on roll-off design do not need to be separated into different compo-nents since there is no significant difference in the estimated useful life for the various components of these vessels over and above docking costs. Costs related to docking and periodic maintenance will normally be depreciated over the period until the next docking. The estimated residual value and useful life and depreciation method of tangible fixed assets are reviewed at each balance sheet date. The effect of any changes in estimate is accounted for on a prospective basis. Goodwill and other intangible assetsAmortization of intangible assets is based on the following estimated useful lives:Goodwill Indefinite Customer relations/contracts 3-10 yearsOther intangible assets 3-10 yearsGoodwillGoodwill represents the excess of the consideration transferred, the amount of any non-controlling interests in the acquiree and the acquisition date fair value of any previous equity interests in the acquiree (if any) over the fair value of the group\u2019s share of the identifiable net assets of the acquired subsidiary, joint venture or asso-ciate. Goodwill arising from the acquisition of subsidiaries is classified as an intan-gible asset. Goodwill arising from the acquisition of an interest in a joint venture or an associated company is included in the carrying amount of the investment and tested for impairment as a single asset. Goodwill from acquisition of subsidiaries is tested for impairment at least annually and carried at cost less impairment losses. Impairment losses on goodwill are not reversed. A gain or loss on disposal of a business or part of a business includes the attributable amount of goodwill.Customer relations and contractsIdentifiable customer relationships and other contractual arrangements acquired as part of business combinations are initially recognized at fair value (which is regarded as their cost) when the asset arises from contractual or other legal rights or the relationships are separable, and it is probable that the future economic bene-fits that are attributable to the asset will flow to the entity. Subsequent to initial recognition, customer relations and contracts are amortized over their estimated useful lives in accordance with the straight-line method.Other intangible assetsPort use rights acquired through business combinations are recognized as an intangible asset. The amount is initially estimated based on the discounted value of the differential cash flow for the future port use right period. The differential cash flow is calculated based on the difference between the estimated rental payments based on market terms and the rental payments under the contractual port use right arrangement. The port use right intangible asset is amortized using the unit of production method. Impairment of goodwill and other non-financial assetsAt each reporting date, the group reviews the carrying amounts of its goodwill, intangible assets, vessels and other tangible assets and right-of-use assets to determine whether there is any indication of impairment. If any indication of impairment exists, or when annual impairment testing for an asset is required (goodwill), the asset\u2019s recoverable amount is estimated. Where the asset does not generate cash flows that are independent from other assets, the group estimates the recoverable amount of the cash-generating unit (CGU) to which the asset belongs. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. The recoverable amount is the highest of the fair value less costs of disposal and value in use. In assessing value in use, the net present value (NPV) of future esti-mated cash flows from the employment of the asset is determined. The discount rate applied is the weighted average cost of capital (\u201cWACC\u201d) reflecting the required rate of return of the asset or CGU. If the recoverable amount is estimated to be less than the carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. Impairment losses are recognized in the income statement. Where an impairment loss subsequently reverses, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized in prior years. An impairment loss for goodwill is not subsequently reversed.Vessels and vessel related projectsEstimated future cash flows are based on an assessment of the group\u2019s expected time charter earnings and estimated level of operating expenses for each type of vessel over the remaining useful life of the vessel. Vessels are organized and oper-ated as a fleet and evaluated for impairment on the basis that the whole fleet is the relevant CGU. The vessels are trading in a global network as part of the fleet, where the income of a specific vessel is dependent upon the total fleet, and not the individual vessel\u2019s earnings. Furthermore, the group\u2019s vessels are interchange-able among the operating companies and part of a coordinated fleet management structure in place to optimize operations (long term chartering activities, vessel swaps, space chartering, combined schedules etc.). Goodwill Goodwill acquired through business combinations has for the purpose of impair-ment testing been allocated to the relevant CGU or group of CGUs expected to benefit from the business combination. CGUs or groups of CGUs to which goodwill has been allocated are tested for impairment annually, or more frequently when there is an indication that the CGU or group of CGUs may be impaired. If the recov-erable amount of the CGU or group of CGUs to which goodwill has been allocated is less than the carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill and then to the other assets, pro-rata on the basis of the carrying amount of each asset in the CGU or group of CGUs. LeasesThe group\u2019s leased assets primarily consist of vessels and land. In addition, the group leases office space and various equipment.Identifying a leaseAt the inception of a contract, the group assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Recognition and measurement of leases At the lease commencement date, the group recognizes a lease liability and a corre-sponding right-of-use asset for all lease agreements in which it is the lessee. The following policy choices and practical expedients have been applied by the group: \u2022The standard will not be applied to leases of intangible assets, and these willcontinue to be recognized in accordance with IAS 38 Intangible assets\u2022All leases deemed to be short-term (<12 months) are recognized as an operat-ing expense on a straight-line basis over the term of the lease\u2022All leases deemed to be of low value are recognized as an operating expenseon a straight-line basis over the term of the lease.\u2022Non-lease components are separated from the lease component in all vesselleases. For other lease agreements, the group applies a materiality thresholdwhen evaluating separationMeasuring the lease liabilityThe lease liability is initially measured at the present value of the lease payments for the right to use the underlying asset during the lease term that are not paid at the commencement date. The lease term represents the non-cancellable period of the lease, together with periods covered by an option to extend the lease when the group is reasonably certain to exercise this option, and periods covered by an option to terminate the lease if the group is reasonably certain not to exercise that option.The lease payments included in the measurement of the lease liability comprise:\u2022Fixed lease payments less any lease incentives receivable\u2022Variable lease payments that depend on an index or a rate, initially measuredusing the index or rate as at the commencement date\u2022Amount expected to be payable by the group under residual value guarantees\u2022The exercise price of a purchase option, if the group is reasonably certain toexercise that option\u2022Payments of penalties for terminating the lease, if the lease term reflects thegroup exercising an option to terminate the leaseThe group does not include variable lease payments in the lease liability arising from contracted index regulations subject to future events, such as inflation. The lease liability is subsequently measured by increasing the carrying amount to reflect inter-est on the lease liability, reducing the carrying amount to reflect the lease payments made and remeasuring the carrying amount to reflect any reassessment or lease modifications, or to reflect adjustments in lease payments due to an adjustment in an index or rate. The group presents its lease liabilities as separate line items in the balance sheet reflecting the non-current and current portions of the liability.Measuring the right-of-use assetThe right-of-use asset is initially measured at cost. The cost of the right-of-use asset comprises:\u2022 The amount of the initial measurement of the lease liability\u2022 Any lease payments made at or before the commencement date, less any lease incentives received\u2022 Any initial direct costs incurred by the group\u2022 An estimate of costs to be incurred by the group in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease The right-of-use asset is subsequently measured at cost less accumulated depre-ciation and impairment losses. The group applies the depreciation requirements in IAS 16 Property, Plant and Equipment in depreciating the right-of-use asset, except that the right-of-use asset is depreciated from the commencement date over the shorter of the lease term and the remaining useful life of the right-of-use asset. The group applies IAS 36 Impairment of Assets to determine whether the right-of-use asset is impaired and to account for any impairment loss identified.Financial assetsThe group classifies financial assets based on the business model in which they are managed and their contractual cash flows. The principal categories of finan-cial assets are amortized cost and fair value through either profit or loss (FVPL) or other comprehensive income (FVOCI).Management determines the classification of financial assets at their initial recog-nition. Financial assets carried at fair value through profit or loss are initially measured at fair value with transaction costs recognized immediately in the income statement. Subsequent changes in fair value are recognized in profit or loss.Where the group has made an irrevocable decision to designate an investment at fair value through other comprehensive income, the investment is initially measured at fair value plus transaction costs. Subsequent changes in fair value are recog-nized in other comprehensive income. Cumulative gains or losses are not recycled through profit or loss on disposal of the investment.Receivables and other financial assetsNon-derivative financial assets, such as receivables other than trade receivables, are assets with fixed or determinable payments. They are classified as current assets, except for assets with a maturity later than 12 months after the balance sheet date, which are classified as non-current assets. Non-derivative financial assets are classified as Other current assets or Other non-current assets in the balance sheet. Non-derivative financial assets are recognized initially at their fair value plus transaction costs and subsequently measured at amortized cost. Financial assets are derecognized when the contractual rights to the cash flows from the financial assets expire or are transferred, and the group has transferred by and large all risk and return from the financial asset. Realized gains and losses are recognized in the income statement in the period they arise. Trade receivablesTrade receivables are amounts due from customers for services performed in the ordinary course of business. They are generally due for settlement within 30 days and are therefore all classified as current. Trade receivables are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components, in which case they are recognized at fair value. The group holds the trade receivables with the objective of collecting the contractual cash flows and trade receivables are therefore measured subsequently at amortized cost using the effective interest method. The group applies the IFRS 9 simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables and contract assets.Derivative financial instrumentsThe group utilizes a variety of derivative financial instruments to manage its expo-sure to interest rate and foreign exchange rate risks. Derivative financial instruments are included in current assets or current liabili-ties, except for those with a maturity later than 12 months after the balance sheet date. These are classified as non-current assets or other non-current liabilities.Derivative financial instruments are recognized at fair value on the date a deriv-ative contract is entered into and subsequently remeasured to their fair value at each reporting date. Contracts for derivative financial instruments are entered into for hedging purposes, but the group has elected not to document the hedge relationship and can therefore not apply hedge accounting. Changes in the fair value of derivative instruments are thus recognized immediately in the income statement as financial income/expense. Put and call options for non-controlling interestNon-controlling interests containing a symmetrical put and call option held by the non-controlling interest shareholder and the group respectively, is recognized as one integrated derivative financial instrument. The derivative financial instrument is recognized as a non-current asset when the options are exercisable, and the fair value of the non-controlling interest exceeds the value of the exercise price for the symmetrical put and call option. Changes in fair value of the derivative financial instrument is recognized as Other gain/(loss) in the income statement.Put options held by non-controlling interest shareholders are recognized as a financial liability reflecting the present value of the redemption amount as other non-current (interest-bearing) liabilities with a corresponding entry reducing equity through retained earnings and other reserves. All subsequent changes to the liabil-ity are recognized in profit or loss. In the event that the option expires unexercised, the liability will be derecognized with a corresponding adjustment to equity. Interest-bearing debtInterest-bearing debt is recognized at fair value when the proceeds are received, net of transaction costs. In subsequent periods, loans are measured at amortized cost using the effective interest method. Any difference between proceeds (net of transaction costs) and the redemption value is recognized in the income statement over the term of the loan.Sustainability-linked financing agreements (loans and bonds) are instruments where the interest payable varies depending on reaching or achieving specified sustainability KPIs that are linked to the sustainability goals. The sustainability-linked loan or bond is initially recognized as a financial liability measured at amortized cost based on an assessment of the likelihood of reaching the sustainability goals in the sustainability-linked financing agreement. An initial assessment is made as to whether there are features that represent embedded derivatives that must be separated from the debt host contract and accounted for as standalone derivatives.Interest-bearing debt is classified as current liabilities unless the group or the parent company has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date.Deferred tax assets and liabilitiesDeferred tax is calculated using the liability method on all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred income tax is determined using the tax rates and laws which have been enacted or substantively enacted at the balance sheet date and are expected to apply when the related deferred income tax asset is realized, or the deferred income tax liability settled.Deferred tax assets are recognized to the extent that it is probable that taxable prof-its will be available against which deductible temporary differences can be utilized. Deferred income tax is calculated on temporary differences arising on investments in subsidiaries and associates, except where the timing of the reversal of the tempo-rary difference is controlled by the group.For group companies subject to tonnage tax regimes, the tonnage tax is recog-nized as an operating cost.Employee compensationPension obligationsGroup companies have various pension schemes, and the employees are covered by pension plans which comply with local laws and regulations. The group and the parent company have both defined contribution and defined benefit plans. Share-based compensation The group has long-term incentive plans for senior executives. These are bonus schemes where monetary awards are delivered in an equivalent number of listed Wallenius Wilhelmsen ASA shares to the extent that performance conditions have been met over a defined period of time. The bonus is assessed over, and becomes payable, after three years, subject to the achievement of financial and strate-gic long-term performance targets. The plans are accounted for as cash-settled arrangements and the liability incurred measured at fair value at the end of each reporting period, and at the settlement date. Changes in fair value are recognized in profit or loss for the period.Cash and cash equivalentsCash and cash equivalents include cash in hand, deposits held at call with banks, other current highly liquid investments with original maturities of three months or less, and bank overdrafts. Fuel/lube oilFuel is valued at the lower of cost and net realizable value. Lube oil represents the lubrication oil held on board the vessels. ProvisionsThe group and the parent company recognize provisions for legal claims when a legal or constructive obligation exists as a result of past events, it is more likely than not that an outflow of resources will be required to settle the obligation, and the amount can be estimated with a sufficient degree of reliability.Dividend in the group financial statementsDividend payments to the parent company\u2019s shareholders are recognized as a liability in the group\u2019s financial statements from the date when the dividend is approved by the general meeting. Dividend and group contribution in the parent company financial statementsProposed dividend payments to the parent company\u2019s shareholders are presented in the parent company financial statements as a liability as at December 31, in the current year. Group contributions received from subsidiaries are recognized as financial income and current assets in the financial statement at December 31, in the current year.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__24": {
"value": "Shares in subsidiaries, joint ventures and associates (parent company)Shares in subsidiaries, joint ventures and associates are recognized according to the cost method. Group contributions and dividends from subsidiaries are recog-nized in the year in which it is proposed by the subsidiary to the extent the parent company can control the decision of the subsidiary.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__23": {
"value": "Shares in subsidiaries, joint ventures and associates (parent company)Shares in subsidiaries, joint ventures and associates are recognized according to the cost method. Group contributions and dividends from subsidiaries are recog-nized in the year in which it is proposed by the subsidiary to the extent the parent company can control the decision of the subsidiary.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__22": {
"value": "Shares in subsidiaries, joint ventures and associates (parent company)Shares in subsidiaries, joint ventures and associates are recognized according to the cost method. Group contributions and dividends from subsidiaries are recog-nized in the year in which it is proposed by the subsidiary to the extent the parent company can control the decision of the subsidiary.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__25": {
"value": "Segment reportingThe group\u2019s operating segments are reported in a manner consistent with the internal financial reporting provided to the chief operating decision-maker which is the group\u2019s Chief Executive Officer (CEO). Financial and operational information is prepared for each segment, and the information disclosed is in line with the infor-mation used by the CEO to assess performance and allocate resources. The chief operating decision-maker is responsible for coordinating business and manage-ment to optimize the use of know-how and resources and to align decision-making related to the implementation of the group\u2019s strategy.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__26": {
"value": "Related party transactionsSee note 22 to the group financial statements for related party transactions. See note 4 to the group financial statements for remuneration of senior executives in the group and note 2 to the parent company financial statements for information related to loans and guarantees for employees in the parent company. Wallenius Wilhelmsen also provides additional disclosures in accordance with requirements in the Norwegian Accounting Act \u00a77-31b related to remuneration to the board and management. This information is included in the separate Remuneration report for 2023.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__27": {
"value": "Foreign currency transaction and translationTransactions In individual companies, transactions in foreign currencies are initially recorded in the functional currency by applying the rate of exchange as of the transaction date. Monetary assets and liabilities denominated in foreign currencies are subsequently translated into the relevant functional currency by using the rate of exchange at the balance sheet date. Realized and unrealized currency gains or losses are included in financial income or expense.TranslationIn the consolidated financial statements, the assets and liabilities of non-USD functional currency subsidiaries, joint ventures and associates, including related goodwill, are translated into USD using the rate of exchange as of the balance sheet date. The results and cash flows of non-USD functional currency subsidiaries, joint ventures and associates are translated into USD using the average exchange rate for the period (month) reported (unless this average is not a reasonable approx-imation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the exchange rate on the dates of the transactions). Exchange rate adjustments arising when the opening net assets and the net income for the year retained by non-USD operations are translated into USD are recognized in other comprehensive income. On disposal of a non-USD functional currency subsidiary, joint venture or associate, the deferred cumulative amount recognized in equity relating to that particular entity is recog-nized in the income statement.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__29": {
"value": "Revenue recognitionThe group recognizes revenue from the following major sources:\u2022 Voyage charter revenue (freight revenue)\u2022 Land-based revenueRevenue is measured based on the consideration to which the group expects to be entitled in a contract with a customer and excludes amounts collected on behalf of third parties. The group recognizes revenue when it transfers control of a product or service to a customer. The group bases its estimates on all available information, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement. The accounting policies for the group\u2019s main types of revenue are set out below.Voyage charter revenueVoyage charter revenue is recognized in accordance with IFRS 15 by estimating the total income for a vessel on a voyage. The voyage charter revenue is recognized over time on the basis of progress on fulfillment. The measure of progress is the number of days incurred compared to estimated total days for the applicable voyage. When recognizing revenue from voyage charters, the group applies the practical expe-dient defined by the standard enabling the group to account for several contracts with similar characteristics as a portfolio, since combining the contracts does not produce a materially different outcome than accounting for the contracts individ-ually. Revenue is recognized on a straight-line basis for the entire voyage.Land-based logistics service revenue Land-based logistics services are recognized in accordance with IFRS 15 in the accounting period in which the services have been rendered.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__30": {
"value": "Tangible assetsVessels and other tangible assets acquired by group companies are initially recog-nized at cost. For newbuild contracts, the cost price includes all the costs incurred in the development and construction process, including capitalized borrowing costs. Depreciation is calculated on a straight-line basis. A residual value, which reduces the depreciation base, is estimated for vessels. The estimate is based on a 10 year average rolling demolition price for general cargo vessels. In addition, a charge for green ship recycling is deducted. The calculation is performed on an annual basis.The carrying value of tangible assets equals the historical cost less accumulated depreciation and any impairment charges. The group capitalizes loan costs related to the construction of new vessels on the basis of the group\u2019s average borrowing rate on interest-bearing debt. Shipbuilder installments paid, other direct vessel costs and the group\u2019s interest costs related to financing the acquisition of vessels are capitalized as they are paid. Tangible assets are depreciated over the following estimated useful lives:Vessels 27-30 yearsProperty 30-50 yearsLand no depreciationOther tangible assets 3-10 years Each component of a tangible asset, which is significant for the total cost of the item and for which the estimated useful life is different, will be depreciated sepa-rately. Components with similar estimated useful lives will be included in a single component.An analysis of the group\u2019s fleet concluded that vessels based on a pure car truck carrier/roll-on roll-off design do not need to be separated into different compo-nents since there is no significant difference in the estimated useful life for the various components of these vessels over and above docking costs. Costs related to docking and periodic maintenance will normally be depreciated over the period until the next docking. The estimated residual value and useful life and depreciation method of tangible fixed assets are reviewed at each balance sheet date. The effect of any changes in estimate is accounted for on a prospective basis.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__31": {
"value": "Goodwill and other intangible assetsAmortization of intangible assets is based on the following estimated useful lives:Goodwill Indefinite Customer relations/contracts 3-10 yearsOther intangible assets 3-10 yearsGoodwillGoodwill represents the excess of the consideration transferred, the amount of any non-controlling interests in the acquiree and the acquisition date fair value of any previous equity interests in the acquiree (if any) over the fair value of the group\u2019s share of the identifiable net assets of the acquired subsidiary, joint venture or asso-ciate. Goodwill arising from the acquisition of subsidiaries is classified as an intan-gible asset. Goodwill arising from the acquisition of an interest in a joint venture or an associated company is included in the carrying amount of the investment and tested for impairment as a single asset. Goodwill from acquisition of subsidiaries is tested for impairment at least annually and carried at cost less impairment losses. Impairment losses on goodwill are not reversed. A gain or loss on disposal of a business or part of a business includes the attributable amount of goodwill.Customer relations and contractsIdentifiable customer relationships and other contractual arrangements acquired as part of business combinations are initially recognized at fair value (which is regarded as their cost) when the asset arises from contractual or other legal rights or the relationships are separable, and it is probable that the future economic bene-fits that are attributable to the asset will flow to the entity. Subsequent to initial recognition, customer relations and contracts are amortized over their estimated useful lives in accordance with the straight-line method.Other intangible assetsPort use rights acquired through business combinations are recognized as an intangible asset. The amount is initially estimated based on the discounted value of the differential cash flow for the future port use right period. The differential cash flow is calculated based on the difference between the estimated rental payments based on market terms and the rental payments under the contractual port use right arrangement. The port use right intangible asset is amortized using the unit of production method.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__32": {
"value": "Impairment of goodwill and other non-financial assetsAt each reporting date, the group reviews the carrying amounts of its goodwill, intangible assets, vessels and other tangible assets and right-of-use assets to determine whether there is any indication of impairment. If any indication of impairment exists, or when annual impairment testing for an asset is required (goodwill), the asset\u2019s recoverable amount is estimated. Where the asset does not generate cash flows that are independent from other assets, the group estimates the recoverable amount of the cash-generating unit (CGU) to which the asset belongs. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. The recoverable amount is the highest of the fair value less costs of disposal and value in use. In assessing value in use, the net present value (NPV) of future esti-mated cash flows from the employment of the asset is determined. The discount rate applied is the weighted average cost of capital (\u201cWACC\u201d) reflecting the required rate of return of the asset or CGU. If the recoverable amount is estimated to be less than the carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. Impairment losses are recognized in the income statement. Where an impairment loss subsequently reverses, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized in prior years. An impairment loss for goodwill is not subsequently reversed.Vessels and vessel related projectsEstimated future cash flows are based on an assessment of the group\u2019s expected time charter earnings and estimated level of operating expenses for each type of vessel over the remaining useful life of the vessel. Vessels are organized and oper-ated as a fleet and evaluated for impairment on the basis that the whole fleet is the relevant CGU. The vessels are trading in a global network as part of the fleet, where the income of a specific vessel is dependent upon the total fleet, and not the individual vessel\u2019s earnings. Furthermore, the group\u2019s vessels are interchange-able among the operating companies and part of a coordinated fleet management structure in place to optimize operations (long term chartering activities, vessel swaps, space chartering, combined schedules etc.). Goodwill Goodwill acquired through business combinations has for the purpose of impair-ment testing been allocated to the relevant CGU or group of CGUs expected to benefit from the business combination. CGUs or groups of CGUs to which goodwill has been allocated are tested for impairment annually, or more frequently when there is an indication that the CGU or group of CGUs may be impaired. If the recov-erable amount of the CGU or group of CGUs to which goodwill has been allocated is less than the carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill and then to the other assets, pro-rata on the basis of the carrying amount of each asset in the CGU or group of CGUs.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__28": {
"value": "Goodwill Goodwill acquired through business combinations has for the purpose of impair-ment testing been allocated to the relevant CGU or group of CGUs expected to benefit from the business combination. CGUs or groups of CGUs to which goodwill has been allocated are tested for impairment annually, or more frequently when there is an indication that the CGU or group of CGUs may be impaired. If the recov-erable amount of the CGU or group of CGUs to which goodwill has been allocated is less than the carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill and then to the other assets, pro-rata on the basis of the carrying amount of each asset in the CGU or group of CGUs.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__33": {
"value": "LeasesThe group\u2019s leased assets primarily consist of vessels and land. In addition, the group leases office space and various equipment.Identifying a leaseAt the inception of a contract, the group assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Recognition and measurement of leases At the lease commencement date, the group recognizes a lease liability and a corre-sponding right-of-use asset for all lease agreements in which it is the lessee. The following policy choices and practical expedients have been applied by the group: \u2022The standard will not be applied to leases of intangible assets, and these willcontinue to be recognized in accordance with IAS 38 Intangible assets\u2022All leases deemed to be short-term (<12 months) are recognized as an operat-ing expense on a straight-line basis over the term of the lease\u2022All leases deemed to be of low value are recognized as an operating expenseon a straight-line basis over the term of the lease.\u2022Non-lease components are separated from the lease component in all vesselleases. For other lease agreements, the group applies a materiality thresholdwhen evaluating separationMeasuring the lease liabilityThe lease liability is initially measured at the present value of the lease payments for the right to use the underlying asset during the lease term that are not paid at the commencement date. The lease term represents the non-cancellable period of the lease, together with periods covered by an option to extend the lease when the group is reasonably certain to exercise this option, and periods covered by an option to terminate the lease if the group is reasonably certain not to exercise that option.The lease payments included in the measurement of the lease liability comprise:\u2022Fixed lease payments less any lease incentives receivable\u2022Variable lease payments that depend on an index or a rate, initially measuredusing the index or rate as at the commencement date\u2022Amount expected to be payable by the group under residual value guarantees\u2022The exercise price of a purchase option, if the group is reasonably certain toexercise that option\u2022Payments of penalties for terminating the lease, if the lease term reflects thegroup exercising an option to terminate the leaseThe group does not include variable lease payments in the lease liability arising from contracted index regulations subject to future events, such as inflation. The lease liability is subsequently measured by increasing the carrying amount to reflect inter-est on the lease liability, reducing the carrying amount to reflect the lease payments made and remeasuring the carrying amount to reflect any reassessment or lease modifications, or to reflect adjustments in lease payments due to an adjustment in an index or rate. The group presents its lease liabilities as separate line items in the balance sheet reflecting the non-current and current portions of the liability.Measuring the right-of-use assetThe right-of-use asset is initially measured at cost. The cost of the right-of-use asset comprises:\u2022 The amount of the initial measurement of the lease liability\u2022 Any lease payments made at or before the commencement date, less any lease incentives received\u2022 Any initial direct costs incurred by the group\u2022 An estimate of costs to be incurred by the group in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease The right-of-use asset is subsequently measured at cost less accumulated depre-ciation and impairment losses. The group applies the depreciation requirements in IAS 16 Property, Plant and Equipment in depreciating the right-of-use asset, except that the right-of-use asset is depreciated from the commencement date over the shorter of the lease term and the remaining useful life of the right-of-use asset. The group applies IAS 36 Impairment of Assets to determine whether the right-of-use asset is impaired and to account for any impairment loss identified.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__34": {
"value": "Financial assetsThe group classifies financial assets based on the business model in which they are managed and their contractual cash flows. The principal categories of finan-cial assets are amortized cost and fair value through either profit or loss (FVPL) or other comprehensive income (FVOCI).Management determines the classification of financial assets at their initial recog-nition. Financial assets carried at fair value through profit or loss are initially measured at fair value with transaction costs recognized immediately in the income statement. Subsequent changes in fair value are recognized in profit or loss.Where the group has made an irrevocable decision to designate an investment at fair value through other comprehensive income, the investment is initially measured at fair value plus transaction costs. Subsequent changes in fair value are recog-nized in other comprehensive income. Cumulative gains or losses are not recycled through profit or loss on disposal of the investment.Receivables and other financial assetsNon-derivative financial assets, such as receivables other than trade receivables, are assets with fixed or determinable payments. They are classified as current assets, except for assets with a maturity later than 12 months after the balance sheet date, which are classified as non-current assets. Non-derivative financial assets are classified as Other current assets or Other non-current assets in the balance sheet. Non-derivative financial assets are recognized initially at their fair value plus transaction costs and subsequently measured at amortized cost. Financial assets are derecognized when the contractual rights to the cash flows from the financial assets expire or are transferred, and the group has transferred by and large all risk and return from the financial asset. Realized gains and losses are recognized in the income statement in the period they arise. Trade receivablesTrade receivables are amounts due from customers for services performed in the ordinary course of business. They are generally due for settlement within 30 days and are therefore all classified as current. Trade receivables are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components, in which case they are recognized at fair value. The group holds the trade receivables with the objective of collecting the contractual cash flows and trade receivables are therefore measured subsequently at amortized cost using the effective interest method. The group applies the IFRS 9 simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables and contract assets.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__35": {
"value": "Derivative financial instrumentsThe group utilizes a variety of derivative financial instruments to manage its expo-sure to interest rate and foreign exchange rate risks. Derivative financial instruments are included in current assets or current liabili-ties, except for those with a maturity later than 12 months after the balance sheet date. These are classified as non-current assets or other non-current liabilities.Derivative financial instruments are recognized at fair value on the date a deriv-ative contract is entered into and subsequently remeasured to their fair value at each reporting date. Contracts for derivative financial instruments are entered into for hedging purposes, but the group has elected not to document the hedge relationship and can therefore not apply hedge accounting. Changes in the fair value of derivative instruments are thus recognized immediately in the income statement as financial income/expense. Put and call options for non-controlling interestNon-controlling interests containing a symmetrical put and call option held by the non-controlling interest shareholder and the group respectively, is recognized as one integrated derivative financial instrument. The derivative financial instrument is recognized as a non-current asset when the options are exercisable, and the fair value of the non-controlling interest exceeds the value of the exercise price for the symmetrical put and call option. Changes in fair value of the derivative financial instrument is recognized as Other gain/(loss) in the income statement.Put options held by non-controlling interest shareholders are recognized as a financial liability reflecting the present value of the redemption amount as other non-current (interest-bearing) liabilities with a corresponding entry reducing equity through retained earnings and other reserves. All subsequent changes to the liabil-ity are recognized in profit or loss. In the event that the option expires unexercised, the liability will be derecognized with a corresponding adjustment to equity. Interest-bearing debtInterest-bearing debt is recognized at fair value when the proceeds are received, net of transaction costs. In subsequent periods, loans are measured at amortized cost using the effective interest method. Any difference between proceeds (net of transaction costs) and the redemption value is recognized in the income statement over the term of the loan.Sustainability-linked financing agreements (loans and bonds) are instruments where the interest payable varies depending on reaching or achieving specified sustainability KPIs that are linked to the sustainability goals. The sustainability-linked loan or bond is initially recognized as a financial liability measured at amortized cost based on an assessment of the likelihood of reaching the sustainability goals in the sustainability-linked financing agreement. An initial assessment is made as to whether there are features that represent embedded derivatives that must be separated from the debt host contract and accounted for as standalone derivatives.Interest-bearing debt is classified as current liabilities unless the group or the parent company has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__36": {
"value": "Deferred tax assets and liabilitiesDeferred tax is calculated using the liability method on all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred income tax is determined using the tax rates and laws which have been enacted or substantively enacted at the balance sheet date and are expected to apply when the related deferred income tax asset is realized, or the deferred income tax liability settled.Deferred tax assets are recognized to the extent that it is probable that taxable prof-its will be available against which deductible temporary differences can be utilized. Deferred income tax is calculated on temporary differences arising on investments in subsidiaries and associates, except where the timing of the reversal of the tempo-rary difference is controlled by the group.For group companies subject to tonnage tax regimes, the tonnage tax is recog-nized as an operating cost.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__37": {
"value": "Employee compensationPension obligationsGroup companies have various pension schemes, and the employees are covered by pension plans which comply with local laws and regulations. The group and the parent company have both defined contribution and defined benefit plans. Share-based compensation The group has long-term incentive plans for senior executives. These are bonus schemes where monetary awards are delivered in an equivalent number of listed Wallenius Wilhelmsen ASA shares to the extent that performance conditions have been met over a defined period of time. The bonus is assessed over, and becomes payable, after three years, subject to the achievement of financial and strate-gic long-term performance targets. The plans are accounted for as cash-settled arrangements and the liability incurred measured at fair value at the end of each reporting period, and at the settlement date. Changes in fair value are recognized in profit or loss for the period.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__39": {
"value": "Cash and cash equivalents include cash in hand, deposits held at call with banks, other current highly liquid investments with original maturities of three months or less, and bank overdrafts.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__38": {
"value": "The group and the parent company recognize provisions for legal claims when a legal or constructive obligation exists as a result of past events, it is more likely than not that an outflow of resources will be required to settle the obligation, and the amount can be estimated with a sufficient degree of reliability.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__40": {
"value": "degree of reliability.Dividend in the group financial statementsDividend payments to the parent company\u2019s shareholders are recognized as a liability in the group\u2019s financial statements from the date when the dividend is approved by the general meeting. Dividend and group contribution in the parent company financial statementsProposed dividend payments to the parent company\u2019s shareholders are presented in the parent company financial statements as a liability as at December 31, in the current year. Group contributions received from subsidiaries are recognized as financial income and current assets in the financial statement at December 31, in the current year.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__42": {
"value": "Note 1. Significant accounting judgments, estimates and assumptionsApplying the group\u2019s accounting policies as described above in the preparation of the group\u2019s consolidated financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of reve-nues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. The assumptions, estimates and judg-ments are based on historical experience, current trends and other factors that management believes to be relevant at the time the consolidated financial state-ments are prepared. The increased geopolitical tension and uncertainty create a more volatile market environment which may impact management\u2019s assumptions and judgments. Actual results may differ from these estimates. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. Climate changeWallenius Wilhelmsen faces significant risks and opportunities as a result of climate change, and climate-related factors may impact estimates and assumptions going forward. These risks and opportunities are integrated in risk management of the group and in the strategy process. The uncertainties and risk of climate change for financial performance relate to both transition risk (market-related changes, regulatory requirements and technology) and physical risk (extreme weather) and may affect management\u2019s estimates and judgments in a number of areas. The main transitional risks identified include increased regulations for management reporting on impact, technological solutions and availability. The main physical risks refer to port flooding, extreme precipitation and wind and heat stress on vessel crew and production workers. The impact on the financial statements of climate-related factors is discussed for each relevant area below and in the related notes, including \u201cKey sources of estimation uncertainty and assumptions\u201d below, note 11 Impairment of non-current assets, and note 17 Financial risk. More detailed information on climate risk facing the group can be found in the chapter Planet.Key sources of estimation uncertainty and assumptions The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next finan-cial year, are described below. Vessels and other tangible assetsThe group has significant carrying amounts related to vessels and other tangible assets recognized in the consolidated balance sheet. The value in use of some of these assets could be influenced by changes in market conditions. Vessels consti-tute the main asset group in the balance sheet and decreases in the value in use of these vessels may render significant impairment losses recognized in the income statement. A reduction in the estimated useful life of the assets can also lead to periods with higher depreciation expense going forward. Climate-related factors, including regulation and technological advances, may in the future impact the estimated useful life of vessels and make them commercially and technologically obsolete earlier than previously expected (stranded assets). Consequently, the expected timing of replacement of existing assets may be accelerated. The group is, however, continually implementing a range of operational and technical solu-tions to improve the energy efficiency of our vessels. These efforts may counteract the risk of obsolescence. The group has not identified material assets expected to have a significantly reduced useful life due to physical climate risk such as impacts of severity of weather patterns, e.g., flooding and wind. Management has concluded that as of December 31, 2023 the above factors do not have an impact on the remaining useful life of vessels and other tangible assets.As there are no significant impairment indicators as at December 31, 2023, the group has not carried out impairment tests for vessels as of this date. Vessel market values (broker estimates) have increased following the improved market conditions and a tightening tonnage market, and exceed carrying values on a fleet level. The carry-ing amount of vessels and other tangible assets at December 31, 2023 is USD 3,871 million and leased assets USD 1,443 million. See notes 9 and 10 for further details.Goodwill and other intangible assetsDetermining whether goodwill and other intangible assets are impaired requires an estimation of the value in use of the cash generating unit or group of cash gener-ating units to which goodwill and other intangible assets have been allocated. The value in use calculation requires management to estimate the future cash flows expected to arise from the cash generating unit or group of cash generating units and to determine a suitable discount rate in order to calculate present value. Costs to ensure compliance with climate and other sustainability related regulatory requirements and achievement of strategic sustainability related goals have been factored into the projected cash flows as far as they relate to current business. Please refer to note 11 and the Planet chapter for further details.The carrying value of goodwill, customer relations/contracts and other intangible assets at December 31, 2023 is USD 201 million, USD 125 million, and USD 34 million, respectively. Further information on recognized goodwill and intangible assets are provided in note 8. Impairment information and sensitivities are provided in note 11.Tax assetsThe group recognizes deferred tax assets if it is probable that taxable income will be available in the future against which the unused tax losses can be utilized. At December 31, 2023, the group has estimated that sufficient future taxable income in the Norwegian entities would not be generated to recognize deferred tax assets related to tax losses carried forward and non-deductible interest costs carried forward. Deferred tax assets not recognized (valuation allowance) in the balance sheet at December 31, 2023 is USD 173 million. The estimate of future taxable income is based on significant judgment related to future development in taxable income for Norwegian entities. The carrying amount of deferred tax assets at December 31, 2023 is USD 53 million. Critical judgments in applying accounting policiesFinancial instruments A non-controlling shareholder holds a put option for their 20 percent shareholding in EUKOR through a shareholder agreement entered into in 2002. The shareholder agreement also contains a symmetrical call option held by the group. Management has evaluated this to be a symmetrical put and call option held by the non-con-trolling interest shareholder and the group, respectively, and it is recognized as one integrated derivative financial instrument. See note 5 for more information.Leases The group cannot always determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate to measure lease liabilities. The incremental borrowing rate reflects what the group \u2018would have to pay,\u2019 which requires estima-tion when no observable rates are available (such as for subsidiaries that do not enter into financing transactions) or when the rates need to be adjusted to reflect the term and currency of the lease. In determining the lease term, management considers all facts and circumstances that create an economic incentive to exer-cise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). The assessment is reviewed if a significant event or a significant change in circumstances occurs which affects this assessment and that is within the control of the group. The carrying amount of leased assets (right-of-use assets) at December 31, 2023 is USD 1,443 million. See note 10 for more information.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__43-1": {
"value": "Financial instruments A non-controlling shareholder holds a put option for their 20 percent shareholding in EUKOR through a shareholder agreement entered into in 2002. The shareholder agreement also contains a symmetrical call option held by the group. Management has evaluated this to be a symmetrical put and call option held by the non-con-trolling interest shareholder and the group, respectively, and it is recognized as one integrated derivative financial instrument. See note 5 for more information.Note 16. Interest-bearing liabilitiesWallenius Wilhelmsen group has five financing units: Wallenius Wilhelmsen ASA, Wallenius Wilhelmsen Ocean, EUKOR, ARC and Wallenius Wilhelmsen Solutions. Wallenius Wilhelmsen Ocean and EUKOR are operated under the shipping segment, ARC operates as the government segment and Wallenius Wilhelmsen Solutions operates as the logistics segment. The debt in Wallenius Wilhelmsen Ocean and Wallenius Wilhelmsen Solutions is guaranteed by Wallenius Wilhelmsen ASA.Interest-bearing liabilities per financing unitUSD million 2023 2022Wallenius Wilhelmsen ASABonds 565 534Total 565 534Wallenius Wilhelmsen OceanBank debt 828 1,002Leases 285 338Total 1,113 1,339ARCBank debt 64 92Leases 3 1Total 67 94EUKORBank debt 558 581Leases 650 802Total 1,208 1,383Wallenius Wilhelmsen SolutionsBank debt 303 322Leases 472 431Total 775 753Total group 3,728 4,103Most financings are subject to certain financial and non-financial covenants or restrictions: \u2022 The main covenant related to the bond debt in Wallenius Wilhelmsen ASA is a limitation on the ability to pledge assets. \u2022 The debt in Wallenius Wilhelmsen Ocean is subject to minimum liquidity and gearing ratio (net interest-bearing debt divided by net interest-bearing debt plus book equity) on a consolidated group level, as well as loan to value clauses for secured debt. \u2022 The debt in EUKOR is subject to minimum liquidity and interest cover ratio (EBITDA to interest expense) on EUKOR group level, as well as loan to value clauses for secured debt. \u2022 The debt in ARC is subject to a fixed charge coverage ratio ((EBITDA: capital expenditures, income taxes paid, income tax refund, dividends paid) / (inter-est expense, current portion bank debt, current portion leases) and funded debt to EBITDA ratio (bank debt/ EBITDA) on ARC group level, as well as loan to value clauses for secured debt. \u2022 The debt in Wallenius Wilhelmsen Solutions is subject to minimum liquidity and gearing ratio (net interest-bearing debt divided by net interest-bearing debt plus book equity) on a consolidated group level.The covenants and ratios are customized to reflect the financial situation of the financing unit. Certain loan agreements also have change of control clauses. As of December 31, 2023 (similar to 2022), the group is in compliance with all financial and non-financial covenants. Covenants can be adjusted in the event of material changes in accounting principles.Reconciliation of liabilities arising from financing activitiesNon-current Current interest-bearing interest-bearing Non-current Current lease Total financing USD milliondebtdebtlease liabilitiesliabilitiesactivitiesTotal debt December 31, 2022 2,200 316 1,254 317 4,087Proceeds from loans and bonds 473 - - - 473Repayments of loans, bonds and leases (50) (605) - (319) (975)New lease contracts and amendments, net - - 26 128 154Foreign exchange movements 12 (25) 4 - (10)Other non-cash movements - (18) - - (17)Reclassification (738) 738 (187) 187 -Total interest-bearing debt December 31, 2023 1,897 406 1,097 313 3,713Non-current Current interest-bearing interest-bearing Non-current Current lease Total financing USD milliondebtdebtlease liabilitiesliabilitiesactivitiesTotal debt December 31, 2021 2,158 515 1,218 238 4,128Proceeds from loans and bonds 916 87 - - 1,002Repayments of loans, bonds and leases - (1,095) - (352) (1,447)New lease contracts and amendments, net - - 221 265 486Foreign exchange movements (63) (4) (20) (1) (88)Other non-cash movements (2) 5 - - 3Reclassification (808) 808 (165) 167 3Total interest-bearing debt December 31, 2022 2,200 316 1,254 317 4,087In the first quarter of 2023, EUKOR extended two revolving credit facilities, for USD 10 million and USD 15 million respectively, in shipping services by one year. Wallenius Wilhelmsen ASA established a new one year USD 100 million revolving credit facility for general corporate purposes, secured by five previously unencumbered vessels. During the second quarter, EUKOR closed a financing of USD 75 million. This was related to refinancing of two vessels and purchase of a third vessel, which was previously held under a lease agreement. In the third quarter, Wallenius Wilhelmsen ASA issued a new five year sustainabili-ty-linked bond for NOK 1 billion (USD 94 million), while at the same time buying back bond debt of NOK 528 million (USD 50 million) which was to mature in September 2024. Also in the third quarter of 2023, a new five year revolving credit facility of USD 345 million was signed in the logistics segment. This refinanced an existing revolving credit facility of USD 320 million. In the fourth quarter, EUKOR extended a revolving credit facility of USD 25 million for one year while also signing a new revolving credit facility of USD 25 million. WW Ocean signed a new 18 months revolving credit facility of USD 150 million, secured in accounts receivable. This refinanced an undrawn revolving credit facility of USD 100 million. Wallenius Wilhelmsen ASA cancelled the undrawn revolving credit facil-ity of USD 100 million releasing the encumberance of 5 vessels.At December 31, 2023, the group had 16 unencumbered vessels with a total net carrying value of USD 271 million.Repayment schedule for interest-bearing liabilitiesLeasing Other interest USD million Bank loans Bondscommitmentsbearing debt Dec 31, 2023Due in 2024 260 145 313 - 719Due in 2025 364 - 253 - 617Due in 2026 267 197 193 - 657Due in 2027 197 123 138 - 459Due in 2028 and later 665 99 514 - 1,277Total repayable interest-bearing debt 1,753 565 1,410 - 3,728Amortized financing costs (11) (5) - - (16)Total 1,742 560 1,410 - 3,713Leasing Other interest USD million Bank loans Bondscommitmentsbearing debt Dec 31, 2022Due in 2023 297 - 317 19 633Due in 2024 556 203 217 - 977Due in 2025 348 - 262 - 609Due in 2026 256 203 257 - 716Due in 2027 and later 522 127 518 - 1,167Total repayable interest-bearing debt 1,978 534 1,572 19 4,103Amortized financing costs (11) (4) - - (15)Total 1,967 529 1,572 19 4,087Net debt reconciliationThis section sets out an analysis of net debt and the movements in net debt for each of the periods presented.USD million 2023 2022Gross debt \u2013 fixed interest rates 1,429 1,602Gross debt \u2013 variable interest rates 2,283 2,485Less Cash and cash equivalents 1,705 1,216Net debt 2,007 2,872A key part of the liquidity reserve takes the form of undrawn committed drawing rights, which amounted to USD 397 million at December 31, 2023 (2022: USD 247 million). See note 21.Carrying value of mortgaged and leased assetsUSD million 2023 2022Vessels 4,374 4,699Property & land 533 487Accounts receivable 253 2811Shares in Wallenius Wilhelmsen Solutions Holding AS 433 383Total carrying value of mortgaged and leased assets 5,592 5,8491 Carrying value in Wallenius Wilhelmsen ASA.The carrying amounts of the group\u2019s borrowings are denominated in the following currencies:USD million 2023 2022USD 3,144 3,546NOK 560 529KRW 9 12Total carrying amounts of group\u2019s borrowings 3,713 4,087See otherwise note 17 for information on financial derivatives (interest rates and currency hedges) relating to interest-bearing liabilities.Fair value estimationThe fair value of financial instruments traded in an active market is based on quoted market prices at the balance sheet date. The fair value of financial instru-ments not traded in an active market (over-the-counter contracts) are based on third party quotes.These quotes use the maximum number of observable market rates for price discov-ery. Specific valuation techniques used to value financial instruments include:\u2022 Quoted market prices or dealer quotes for similar instruments\u2022 The fair value of interest rate swaps is calculated as the present value of the estimated future cash flows based on observable yield curves\u2022 The fair value of forward foreign exchange contracts is determined using forward exchange rates at the balance sheet date, with the resulting value discounted back to present value and\u2022 The fair value of foreign exchange option contracts is determined using observable forward exchange rates, volatility, yield curve and time-to-maturity parameters at the balance sheet date, resulting in an option premiumThe carrying value less impairment allowance of trade receivables and payables are assumed to approximate their fair values. The fair value of financial liabilities for disclosure purposes is estimated by discounting the future contractual cash flows at the current market interest rate that is available to the group for similar financial instruments.Interest-bearing liabilitiesUSD million Fair value Book value2023Bank loans 1,678 1,742Bonds 584 560Leasing liabilities 1,475 1,410Other - -Total interest-bearing liabilities at December 31 3,736 3,713USD million Fair value Book value2022Bank loans 1,868 1,967Bonds 543 529Leasing liabilities 1,617 1,572Other 19 19Total interest-bearing liabilities at December 31 4,047 4,087Bonds are considered to be level 1 in the fair value hierarchy. All other interest-bear-ing liabilities are considered to be level 3 in the fair value hierarchy.Fair value hierarchyUSD million Notes Level 1 Level 2 Level 3 Total balance2023Financial assets at fair value through income statement- Financial derivatives - 36 - 36- Non-controlling shareholder net derivative 5 - - 98 98Total assets at December 31 - 36 98 135Financial liabilities at fair value through income statement- Financial derivatives - 77 - 77Total liabilities at December 31 - 77 - 77USD million Notes Level 1 Level 2 Level 3 Total balance2022Financial assets at fair value through income statement- Financial derivatives - 51 - 51- Non-controlling shareholder net derivative 5 - - 105 105Total assets at December 31 - 51 105 155Financial liabilities at fair value through income statement- Financial derivatives - 74 - 74Total liabilities at December 31 - 74 - 74The fair value of financial instruments not traded in an active market is based on third-party quotes (mark-to-market). These quotes use the maximum number of observable market rates for price discovery. The different valuation techniques typically applied by financial counterparties (banks) are described above. These instruments \u2013 currency and interest rate derivatives \u2013 are included in level two.Financial instruments by categoryAssets at fair Assets at value through the USD millionamortized costincome statement Other Total2023AssetsOther non-current assets - 130 72 203Trade receivables 616 - - 616Other current assets 5 - 226 231Cash and cash equivalents 1,705 - - 1,705Assets at December 31 2,327 130 298 2,755Liabilities at fair Other financial value through the liabilities at USD millionincome statementamortized cost Total2023LiabilitiesNon-current interest-bearing debt - 1,897 1,897Non-current lease liabilities - 1,097 1,097Other non-current liabilities 56 7 63Trade payables - 103 103Current interest-bearing debt - 406 406Current lease liabilities - 313 313Other current liabilities 21 31 52Liabilities at December 31 77 3,853 3,930Assets at fair Assets at value through the USD millionamortized costincome statement Other Total2022AssetsOther non-current assets - 155 79 235Trade receivables 605 - - 605Other current assets 2 - 189 191Cash and cash equivalents 1,216 - - 1,216Assets at December 31 1,822 155 269 2,247Liabilities at fair Other financial value through the liabilities at USD millionincome statementamortized cost Total2022LiabilitiesNon-current interest-bearing debt - 2,200 2,200Non-current lease liabilities - 1,254 1,254Other non-current liabilities 74 21 95Trade payables - 112 112Current interest-bearing debt - 316 316Current lease liabilities - 317 317Other current liabilities - 15 16Liabilities at December 31 74 4,236 4,310Note 20. Trade receivables and trade payablesTrade receivablesAt December 31, 2023, USD 64 million (2022: USD 57 million) in trade receivables had fallen due. These receivables are related to a number of separate customers. Historically, the percentage of credit losses on trade receivables has been low and the group expects the receivables to be recoverable. The expected credit losses on trade receivables are estimated by reference to past default experience of the debtor and an analysis of the debtor\u2019s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry and an assessment of both the current as well as the forecast direction of conditions at the reporting date. The group\u2019s customers are generally large, multi-national OEMs and historic credit losses have been minor. At December 31, 2023, the group\u2019s impairment allowance on receivables amounts to approximately USD 4 million (2022: USD 4 million). Approx. 64 percent of the impairment allowance relates to the logistics segment and 36 percent to the ship-ping segment in 2023 (74 percent and 26 percent respectively for 2022). The aging profile of trade receivables that are past due is as follows:USD million 2023 2022Aging of trade receivables fallen due31-60 days 30 2661-90 days 15 1091-180 days 18 15Over 180 days 2 6Total fallen due 64 57Trade receivables per segmentShipping services 428 414Logistics services 139 130Government services 49 61Total trade receivables 616 605See note 17 for more information on credit risk.Trade payablesAt December 31, 2023, USD 5 million in trade payables had fallen due (2022: USD 4 million). These payables refer to a number of separate suppliers and are related to general business. The group expects to settle outstanding payables within 30-60 days. USD million 2023 2022Trade payables per segmentShipping services 51 56Logistics services 49 53Government services 3 3Holding - -Total trade payables 103 112",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__44-1": {
"value": "Leases The group cannot always determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate to measure lease liabilities. The incremental borrowing rate reflects what the group \u2018would have to pay,\u2019 which requires estima-tion when no observable rates are available (such as for subsidiaries that do not enter into financing transactions) or when the rates need to be adjusted to reflect the term and currency of the lease. In determining the lease term, management considers all facts and circumstances that create an economic incentive to exer-cise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). The assessment is reviewed if a significant event or a significant change in circumstances occurs which affects this assessment and that is within the control of the group. The carrying amount of leased assets (right-of-use assets) at December 31, 2023 is USD 1,443 million. See note 10 for more information.Note 10. Right-of-use assetsProperty Other Total USD million& land Vessels assetsleased assets2023Cost at January 1 553 1,641 44 2,237Additions 29 - 8 37Change in lease payments 68 51 1 121Disposal (28) (27) (4) (59)Reclassification - (88) - (88)Currency translation adjustment 6 1 - 7Cost at December 31 628 1,577 49 2,255Accumulated depreciation and impairment losses at January 1 (158) (462) (17) (637)Depreciation (64) (178) (11) (253)Disposal 25 27 4 56Reclassification - 26 - 26Currency translation adjustment (2) - - (2)Accumulated depreciation and impairment losses at December 31 (199) (588) (25) (812)Carrying amount at December 31 429 990 25 1,443Property Other Total USD million& land Vesselsassetsleased assets2022Cost at January 1 484 1,464 31 1,979Additions 57 223 4 283Change in lease payments 39 94 12 145Disposal (5) (21) (3) (29)Reclassification - (117) - (117)Currency translation adjustment (22) (2) - (25)Cost at December 31 553 1,641 44 2,237Accumulated depreciation and impairment losses at January 1 (114) (348) (10) (472)Depreciation (55) (161) (10) (227)Disposal 5 21 3 29Reclassification - 26 - 26Currency translation adjustment 6 - - 6Accumulated depreciation and impairment losses at December 31 (158) (462) (17) (637)Carrying amounts at December 31 395 1,178 26 1,599Right-of-use vesselsPer year-end 2023, the group has a total of 39 vessels recognized as right-of-use assets with remaining lease terms from 0.5 to 15 years. Of the 39 right-of-use vessels, 13 have a purchase option and five have an option to extend. These options are not yet exercised but are included in the measurement of lease liabilities. Per year-end 2022, the group had a total of 45 vessels recognized as leased assets. Leased vessels for which purchase options were exercised during the year are shown as \u201cReclassification\u201d in the above table within Cost (USD 88 million) and Accumu-lated depreciation (USD 26 million). Corresponding figures are presented in note 9 Vessels and other tangible assets.Right-of-use property and landIn addition to vessels, the group\u2019s right-of-use assets primarily consist of land and property arising from lease of land related to different terminal sites around the globe, in addition to office space at various locations. Per year-end 2023, the recog-nized land and property leases have remaining lease terms from one to 40 years. Other right-of-use assetsThe group also has minor agreements related to vehicles and other equipment applied in the group\u2019s day-to-day operations.Specification of lease liabilitiesUSD million Dec 31, 2023 Dec 31, 2022Current lease liabilities 313 317Non-current lease liabilities 1,097 1,254Total lease liabilities 1,410 1,572Interest expense on lease liability recognized in the income statement 67 65See note 16 for specification of lease liability maturity and note 17 for specification of undiscounted lease commitments.Of the group\u2019s total lease commitments, option periods that are included in the measurement of lease liabilities but not yet exercised represent USD 243 million (2022: USD 226 million). The option periods recognized are primarily related to leases of vessels and land.Lease expenses related to lease agreements not recognized in the balance sheetUSD million Dec 31, 2023 Dec 31, 2022Short-term lease expenses (< 12 months) 19 66Low value leases expensed 2 2Variable lease payments 2 8Total 22 76Short-term lease expensesShort-term lease expenses primarily comprise lease expenses related to lease of vessels, presented as part of charter expenses. Short-term lease of vessels enhances the group\u2019s tonnage flexibility and the lease terms are primarily up to three months. In addition to lease of vessels on short-term basis, the group occasionally enters into short-term leases of land area when site operations require additional area for shorter periods of time. Low value lease expensesLow value lease expenses comprise the lease expenses related to lease agree-ments deemed out of group scope due to evaluation of materiality at the imple-mentation of IFRS 16. Variable lease expensesVariable lease expenses comprise expenses related to lease agreements where the payment will fluctuate during the lease term. The fluctuations are primarily due to the use of assets being variable with the invoiced amount reflecting the actual usage, instead of a pre-defined contractual amount. Short-term lease expenses, low value lease expenses and variable lease expenses are presented within Operating expenses in the income statement.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__45": {
"value": "Note 2. Segment reportingThe group\u2019s operating segments, which are the same as the group\u2019s reporting segments, are the key components of the group\u2019s business which are assessed, monitored and managed on a regular basis by the Chief Executive Officer (CEO). The reporting segments comprise:\u2022 Shipping services\u2022 Logistics services\u2022 Government servicesThe board of directors and management have identified the three reporting segments based on the current organization of activities. The organization of activities and reporting segments are continuously assessed and remain subject to future changes.Shipping servicesThe shipping services segment is engaged in ocean transport of cars and RoRo cargo. Its main customers are global car manufacturers as well as manufacturers of construction and other high and heavy equipment, in addition to select industrial break-bulk cargo. The customers\u2019 cargo is carried in a worldwide transport network. This is the group\u2019s most capital-intensive segment. The revenue is generated from transporting these products and varies with voyage routes. The total vessel capac-ity is balanced by time charter, both in and out. The shipping services segment\u2019s margin is highly influenced by fuel prices. FAF (fuel adjustment factor) is a key mechanism to manage fuel oil price risk in the segment and the main contributor to fuel surcharges revenue. However, the segment has a short-term exposure to fuel prices since FAF is calculated based on the average fuel price over a historical period and then fixed during an application period, creating a lag effect. In peri-ods of rising fuel prices the segment will therefore not be able to recoup the higher prices through the FAF. Conversely, in periods of falling fuel prices the segment will benefit from higher FAF. In the shipping services segment, contract duration is normally one to five years, with some 20-30 percent of contracts being renewed annually. Fixed prices are usually applied, with review for CPI development or other applicable index for contracts exceeding three years. FAF adjustments are reflected in most contracts and represent a variable pricing element. In some contracts, the group is guaranteed a fixed percentage of a customer\u2019s volume, but mostly there are no defined minimum volumes.Logistics servicesThe logistics services segment has mainly the same customer groups as shipping services. Customers operating globally are offered sophisticated logistics services, such as vehicle processing centers, equipment processing centers, inland distri-bution networks and terminals. The segment\u2019s primary assets are human capital (expertise and systems) and long-term customer relationships. In the logistics services segment, contract duration is normally one to five years with options to extend and in some cases a term up to 10 years. Pricing is usually fixed with CPI or other adjustments applicable for many contracts. Volumes may vary depending on customer output. Government servicesThe government services segment provides ocean transport of RoRo cargo, break-bulk and vehicles. The segment also performs logistics services primarily related to multimodal transportation, stevedoring and terminal operations. The primary customer is the U.S. government, but the segment also includes commercial cargos such as those generated by the financial sponsorship of a federal program or a guarantee provided by the U.S. Government. In the government services segment, contract duration can vary between less than one year and as long as ten years. Segment revenue and EBITDA is primarily driven by government activities which are in part driven by world events and government objectives, and does not neces-sarily follow regular seasonal patterns.Holding/eliminationsRemaining group activities are shown in the \u201cholding/eliminations\u201d column. The holding segment includes the parent company and other minor activities (includ-ing corporate group activities like operational management, tax and finance) which fail to meet the definition for other core activities. Eliminations are transactions between the group\u2019s three segments mentioned above. Accounting policiesThe accounting policies of the reporting segments are the same as the group\u2019s accounting policies.Income statement Shipping Logistics Government Holding/ servicesservicesserviceseliminations TotalUSD million 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022Net freight revenue 3,277 3,289 - - 182 136 - - 3,459 3,425Fuel surcharges 588 724 - - 4 7 - - 592 732Operating revenue 7 14 1,024 799 67 77 - - 1,098 889Internal operating revenue 8 11 124 112 72 82 (204) (205) - -Total revenue 3,881 4,038 1,148 911 324 302 (204) (205) 5,149 5,045Cargo expenses (601) (652) - - (31) (37) 150 157 (482) (532)Fuel (790) (1,065) - - (30) (38) - - (820) (1,103)Other voyage expenses (409) (399) - - (12) (13) - - (420) (412)Ship operating expenses (251) (236) - - (79) (82) - - (330) (317)Charter expenses (132) (175) - - (6) (16) 40 40 (98) (150)Manufacturing cost - - (374) (314) (8) (9) 9 7 (373) (316)1Other operating expenses (1) (2) (442) (348) (7) 9 - 10 (450) (331)Selling, general and admin expenses (170) (150) (158) (142) (21) (21) (20) (23) (369) (335)Total operating expenses (2,354) (2,679) (974) (803) (193) (207) 179 192 (3,342) (3,497)Operating profit/(loss) before deprecia-tion, amortization and impairment (EBITDA) 1,527 1,359 174 107 130 95 (25) (14) 1,807 1,548Other gain/(loss) (6) (47) - - - - - - (6) (47)Depreciation (427) (395) (76) (67) (36) (36) 4 1 (536) (497)Amortization (5) (4) (30) (34) (6) (6) - - (41) (45)Impairment (5) - - (29) - - - - (5) (29)Operating profit/(loss) (EBIT) 1,083 913 68 (22) 88 53 (21) (13) 1,218 931Share of profit/(loss) from joint ventures and associates - - 3 2 - - - - 3 2Financial income/(expense) (114) (63) (28) (11) (2) - (42) (31) (186) (104)Profit/(loss) before tax 969 851 43 (31) 86 53 (62) (43) 1,035 829Tax income/(expense) (53) (44) (22) (5) (3) (2) 10 16 (68) (35)Profit/(loss) for the period 916 806 21 (35) 82 51 (52) (27) 967 794Profit for the period attributable to:Owners of the parent 796 691 20 (36) 82 51 (52) (27) 846 679Non-controlling interests 120 115 1 - - - - - 121 1161 Sale of a vessel from shipping to government services in 2022 resulted in a USD 10 million loss in the shipping segment included in Other operating expenses.In 2023, revenue of approximately USD 307 million and USD 264 million (2022: USD 308 million and USD 245 million respectively) related to the group\u2019s shipping segment originated from two external customers. In 2023, revenue of approximately USD 156 million (2022: USD 130 million) in the logistics segment originated from one external customer.Revenue from the shipping services segment is recognized over time on the basis of progress on fulfillment. Revenue arising from activities in the logistics services segment is recognized at a point in time when the services are performed.Balance sheetShipping Logistics Government Holding/ servicesservicesserviceseliminations TotalDec 31, Dec 31, Dec 31, Dec 31, Dec 31, Dec 31, Dec 31, Dec 31, Dec 31, Dec 31, USD million2023202220232022202320222023202220232022Deferred tax asset 2 9 34 29 (2) (2) 18 23 53 59Goodwill and other intangible assets 72 72 264 293 24 30 - - 360 395Vessels and other tangible assets 3,446 3,499 141 136 275 298 10 10 3,871 3,943Right-of-use assets 1,021 1,217 423 389 3 1 (4) (8) 1,443 1,599Other non-current assets 128 143 43 46 4 5 49 53 224 247Other current assets 728 700 216 201 80 81 (39) (46) 985 936Cash and cash equivalents 1,203 915 227 190 144 90 131 21 1,705 1,216Total assets 6,601 6,555 1,348 1,283 528 504 165 52 8,642 8,394Equity controlling interests 3,203 2,748 330 251 400 349 (290) (195) 3,644 3,153Equity non-controlling interests 403 339 10 16 - - - - 413 355Deferred tax liabilities 17 17 34 34 18 19 (3) - 67 71Interest-bearing debt 1,379 1,693 310 330 64 98 550 394 2,302 2,516Lease liabilities 939 1,147 472 431 3 2 (4) (8) 1,410 1,572Other non-current liabilities 20 33 11 9 1 1 70 91 102 134Other current liabilities 640 577 181 211 41 36 (159) (231) 704 593Total equity and liabilities 6,601 6,555 1,348 1,283 528 504 165 52 8,642 8,3941Investments in tangible assets 117 56 20 31 13 54 - (38) 151 1031 In 2022, the government services segment acquired a vessel from the shipping services segment for USD 38 million. These amounts are eliminated on group level.Geographical segmentsTotal Shipping and landbased & government Europe1 Americas Asia & Africa2 Eliminationholdingservices Elimination TotalUSD million 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022Total revenue 198 192 757 586 197 137 (4) (4) 1,148 911 4,200 4,339 (199) (205) 5,149 5,045Total assets 4,332 4,281 697 653 348 302 (737) (644) 4,640 4,592 7,122 7,051 (3,120) (3,250) 8,642 8,394Investment in tangible assets 5 14 12 15 4 1 - - 20 31 131 110 - (38) 151 1031 Europe includes the holding segment.2 Asia & Africa includes Oceania.Shipping services and government services segmentsAssets in the shipping and government services segment, which are comprised mainly of vessels, operate internationally, with individual vessels calling at various ports across the globe. The group does not consider the domicile of its customers as a relevant decision-making guideline and hence does not consider it meaning-ful to allocate vessels and income to specific geographical locations. This is there-fore allocated under the \u201cshipping and government services\u201d geographical area. Total revenueArea revenue is based on the geographical location of the company.Total assetsArea assets are based on the geographical location of the assets.Investments in tangible assetsArea capital expenditure is based on the geographical location of the assets.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__46-1": {
"value": "Note 3. Operating expensesUSD million Notes 2023 2022Voyage expensesStevedoring \u2013 loading/discharging (377) (393)Other cargo expenses (105) (139)Total cargo expenses (482) (532)Port & canal expenses (403) (386)Additional voyage expenses (18) (26)Total other voyage expenses (420) (412)Fuel (820) (1,103)Total voyage expenses (1,723) (2,047)Charter expenses (98) (150)Ship operating expenses1Crew expenses (147) (148)Maintenance of vessels (48) (44)Ship management fee (15) (15)Other ocean expenses (119) (111)Total ship operating expenses (330) (317)Manufacturing cost (373) (316)Other operating expenses and SG&AEmployee benefits 4 (596) (512)Hired personnel (78) (67)External services (26) (21)Provision related to anti-trust investigations 18 - 6Other administration expenses (118) (73)Total operating expenses and SG&A (819) (666)Total operating expenses (3,342) (3,497)1 Crew/seagoing personnel are hired and not employed by the group.Expensed audit fee (included in External services)USD thousand 2023 2022Statutory audit 1,417 1,554Other assurance services 51 -Tax and legal advisory services fee 800 117Total expensed audit fee 2,268 1,672Tonnage tax Companies subject to tonnage tax regimes are exempt from ordinary tax on their shipping income. In lieu of ordinary taxation, tonnage taxed companies are taxed on a notional basis based on the net tonnage of the companies\u2019 vessels. Income not derived from the operation of vessels in international waters, such as financial income, is usually taxed according to the ordinary taxation rules applicable in the resident country of each respective company. The group had four wholly-owned companies resident in Malta, Norway, Singapore and Sweden which were taxed under a tonnage tax regime in 2023. Further, the group has an ownership of 80 percent in EUKOR which is a tonnage taxed company resident in the Republic of Korea. The tonnage tax is considered as an operating expense in the financial statements.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__47": {
"value": "Expensed audit fee (included in External services)USD thousand 2023 2022Statutory audit 1,417 1,554Other assurance services 51 -Tax and legal advisory services fee 800 117Total expensed audit fee 2,268 1,672",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__48-1": {
"value": "Note 4. Employee benefitsUSD million Notes 2023 2022Salary 515 447Payroll tax 50 40Pension cost 15 27 23Other remuneration 4 2Total employee benefits 596 512Number of employees 2023 2022Group companies in Norway 118 111Group companies in Europe, excl. Norway 1,003 992Group companies in South Africa 469 491Group companies in Asia & Oceania 861 819Group companies in United States 3,382 2,840Group companies in Mexico 2,160 1,694Group companies in Americas, excl. US and Mexico 534 486Total employees 8,527 7,433Average number of employees 7,980 7,342Executive management remunerationUSD thousand 2023 2022Fixed base salary 3,650 3,146Benefits 447 376Pension 391 387Short-term incentive 1,660 1,1381Long-term incentive 164 4,744Severance 713 919Total executive management remuneration 7,025 10,7121 The 2022 numbers have been restated because social security cost was included in the original calculation of the LTIP remuneration for each employee.Remuneration of the board of directors and nomination committeeUSD thousand 2023 2022Remuneration of the board of directorsRune Bjerke 157 159Thomas Wilhelmsen 62 59Margareta Alestig 65 66Anna Fell\u00e4nder 62 66Yngvil Eriksson \u00c5sheim 62 -Hans \u00c5kervall 62 -Marianne Lie - 69Jonas Kleberg - 57Nomination committeeAnders Ryssdal 11 11Jonas Kleberg - 7Carl Erik Steen 7 7The board\u2019s remuneration for the financial year 2023 will be approved by the general meeting on April 30, 2024 and paid/expensed in 2024.At the AGM in 2022, Jonas Kleberg and Marianne Lie resigned from the board of directors. Hans \u00c5kervall and Yngvil Eriksson \u00c5sheim were elected as board members at the AGM in 2022. They did not receive any remuneration in 2022.Remuneration paid in other currencies than USD will not be comparable year-on-year due to changes in exchange rates.See also note 22 Related party transactions and note 2 Employee benefits in the parent company financial statements.Refer to the separate Remuneration report for further details regarding remuner-ation of group executive management.Shares owned or controlled by representatives of the group at December 31, 2023Name Number of shares Percent of sharesBoard of directorsRune Bjerke 25,750 0.01%Thomas Wilhelmsen 161,375,095 38.14%Margareta Alestig 600 - Anna Fell\u00e4nder 1,400 - Yngvil Eriksson \u00c5sheim 4,250 - Hans \u00c5kervall - - Senior executivesChief Executive Officer (CEO) \u2013 Lasse Kristoffersen 5,000 - Chief Financial Officer (CFO) \u2013 Torbj\u00f8rn Wist 74,761 0.02%Executive Vice President (EVP) and Chief Operating Officer (COO) shipping services \u2013 Xavier Leroi 47,768 0.01% Executive Vice President (EVP) and Chief Operating Officer (COO) logistics services \u2013 Michael Hynekamp 99,532 0.02%Chief People Officer (CPO) \u2013 Wenche Agerup - - Chief Customer Officer (CCO) \u2013 Pia Synnerman - - Chief Technology and Information Officer (CTIO) \u2013 Gro Rognstad - - Chief Communications and Marketing Officer (CCMO) \u2013 Anette Maltun Koefoed 2,010 -Nomination committee Anders Ryssdal - - Jonas Kleberg - - Carl Erik Steen 30,000 0.01% The two main shareholders of Wallenius Wilhelmsen ASA are Wilh. Wilhelmsen Holding ASA with 37.87 percent of the shares and Walleniusrederierna AB with 37.82 percent of the shares. The Wilhelmsen family controls Wilh. Wilhelmsen Holding ASA through Tallyman AS, and Thomas Wilhelmsen controls Tallyman AS. The Wallenius Kleberg family controls Walleniusrederierna AB through Rederi AB Soya (Soya group).Note 15. Employee retirement plansThe group companies provide various retirement plans in accordance with local regulations and practice in the countries in which they operate. The pension plans are for the material part defined contribution plans in which the companies are required to make agreed contributions to a separate fund when employees have rendered services entitling them to the contributions. For the defined contribution plans, the companies\u2019 legal or constructive obligations are limited to the amount that they have agreed to contribute to the fund. The defined benefit plans for the group are based on years of service and salary levels and normally guarantees a specified return or agreed benefit. For these plans, the group has investment and actuarial risks. If the actuarial or investment experience is worse than expected, the group\u2019s obligation may be increased. In order to reduce the group\u2019s exposure to certain risks associated with defined benefit plans, such as longevity, inflation, and effects of increases in compensation, the group regularly reviews and continu-ously improves the design of its post-employment defined benefit plans. The defined benefit plans are for the main part related to subsidiaries in Norway, US, UK and the Republic of Korea and are closed plans or only applicable for senior executives. The group also has agreements on early retirement. These obligations are mainly financed from operations. The liability recognized in the balance sheet in respect of the remaining defined benefit pension plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligations are calculated annually by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating the terms of the related pension obligation. Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in Other comprehensive income in the period in which they arise.Number of people covered by pension schemes at December 31 2023 2022In employment 2,873 2,431In retirement (including disability pensions) 711 730Total number of people covered by pension schemes 3,584 3,141USD million 2023 2022Expenses for employee retirement plans recognized in the income statementDefined benefit plans 3 3Defined contribution plans 24 20Net pension expenses 27 23RemeasurementsRemeasurements recognized in other comprehensive income (3) 13Tax effect of pension other comprehensive income 1 (2)Net remeasurements in other comprehensive income (3) 11USD million 2023 2022Pension obligationsDefined benefit obligation at end of prior year 86 112Current/past service cost and interest cost 5 4Benefit payments from employer (5) (7)Remeasurements - (16)Effect of changes in foreign exchange rates (1) (8)Defined benefit obligations at December 31 84 86Gross pension assetsFair value of plan assets at end of prior year 54 57Interest income 3 1Employer contributions 2 5Benefit payments from plan assets (3) (2)Return on plan assets (excluding interest income) (4) (3)Effect of changes in foreign exchange rates - (4)Gross pension assets at December 31 52 54Total pension obligationsDefined benefit obligations 84 86Fair value of plan assets 52 54Net pension liabilities 32 32Presented asPension assets 6 8Pension liabilities 39 40",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__49": {
"value": "Number of employees 2023 2022Group companies in Norway 118 111Group companies in Europe, excl. Norway 1,003 992Group companies in South Africa 469 491Group companies in Asia & Oceania 861 819Group companies in United States 3,382 2,840Group companies in Mexico 2,160 1,694Group companies in Americas, excl. US and Mexico 534 486Total employees 8,527 7,433Average number of employees 7,980 7,342",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__50-1": {
"value": "Note 5. Other gain/lossNon-controlling shareholders in EUKOR hold a put option for their 20 percent inter-est, pursuant to the shareholder agreement entered into in 2002. The shareholder agreement also contains a symmetrical call option held by the group. The put and call options became exercisable in 2017 when the Hyundai Motor Group volumes carried by the group fell below 40 percent. The put and call options have no expiry date and can be exercised at any point in time. The group does not have any plan to exercise the call option.The symmetrical put and call options are recognized as one integrated derivative financial instrument. The derivative financial instrument is recognized as a non-cur-rent asset when the options are exercisable and the fair value of the non-controlling interest exceeds the value of the exercise price for the symmetrical put and call option. The net derivative asset is calculated as the difference between the esti-mated fair value of the 20 percent non-controlling interest related to EUKOR and the exercise price of the symmetrical options. The exercise price for the put and call option is calculated based on a formula consis-tent with valuation guidance used in \u201cInheritance and Donation Tax Act\u201d in effect in South Korea in 2002, where an important input variable is the taxable results in EUKOR for the three previous calendar years. More weight is given to more recent years. Further, the calculation is based on KRW figures, which makes the amount subject to USD/KRW currency fluctuations.The estimated fair value of the 20 percent non-controlling interest is based on a discounted cash flow model. In 2023 the change in the value of the derivative was a loss of USD 6 million recog-nized within Other gain/(loss) in the income statement. Comparatively, the change in value during 2022 resulted in a loss of USD 47 million.The financial derivative is recognized in Other non-current assets in the balance sheet and has a carrying value of USD 98 million at December 31, 2023, compared to USD 105 million at the end of 2022. Assets Liabilities Assets Liabilities USD million Notes 2023 2022Interest rate derivativesHolding 1 - - -Shipping services 20 1 29 -Government services 1 - 2 -Logistics services 12 - 16 -Total interest rate derivatives 34 1 47 -Derivatives used for economic cash flow hedgingHolding 2 - 3 -Shipping services - - - -Total currency cash flow derivatives 2 - 3 -Derivatives used for economic translation risk hedging (basis swaps)Holding - 75 - 72Shipping services - 1 - 2Total cross currency derivatives (basis swaps) - 76 - 74Other derivatives \u2013 non-controlling shareholder net derivativeShipping services 5 98 - 105 -Total non-controlling shareholder net derivative 98 - 105 -Total market value of derivatives 135 77 155 74Book values equal market values.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__52": {
"value": "Note 6. Financial itemsUSD million 2023 2022Financial incomeInterest income 69 15Other financial income 6 3Net financial income 74 17Financial expensesInterest expenses (244) (179)Interest rate derivatives \u2013 realized 27 (10)Interest rate derivatives \u2013 unrealized (17) 111Other financial expenses (16) (17)Net financial expenses (251) (96)CurrencyNet currency gain/(loss) 21 56Foreign currency derivatives \u2013 realized (30) (14)Foreign currency derivatives \u2013 unrealized (1) (67)Net currency (10) (25)Financial income/(expenses) (186) (104)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__51": {
"value": "Note 6. Financial itemsUSD million 2023 2022Financial incomeInterest income 69 15Other financial income 6 3Net financial income 74 17Financial expensesInterest expenses (244) (179)Interest rate derivatives \u2013 realized 27 (10)Interest rate derivatives \u2013 unrealized (17) 111Other financial expenses (16) (17)Net financial expenses (251) (96)CurrencyNet currency gain/(loss) 21 56Foreign currency derivatives \u2013 realized (30) (14)Foreign currency derivatives \u2013 unrealized (1) (67)Net currency (10) (25)Financial income/(expenses) (186) (104)See note 17 on financial risk and the section on accounting policies for more infor-mation concerning financial instruments.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__53": {
"value": "USD million 2023 2022Financial incomeInterest income 69 15Other financial income 6 3Net financial income 74 17Financial expensesInterest expenses (244) (179)Interest rate derivatives \u2013 realized 27 (10)Interest rate derivatives \u2013 unrealized (17) 111Other financial expenses (16) (17)Net financial expenses (251) (96)CurrencyNet currency gain/(loss) 21 56Foreign currency derivatives \u2013 realized (30) (14)Foreign currency derivatives \u2013 unrealized (1) (67)Net currency (10) (25)Financial income/(expenses) (186) (104)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__56": {
"value": "Note 7. TaxOrdinary taxation The ordinary rate of corporation tax in Norway is 22 percent for 2023. Norwegian limited liability companies are encompassed by the participation exemption method for share income. Thus, share dividends and gains are tax free for the receiving company. Corresponding losses on shares are not deductible. The participation exemption method does not apply to share income from companies considered low taxed and that are located outside the European Economic Area (EEA), and on share income from companies owned by less than 10 percent resident outside the EEA. For group companies with a 90 percent or higher ownership, and located in Norway and within the same tax regime, taxable profits in one company can be offset against tax losses and tax loss carry-forwards in other group companies. Deferred tax/deferred tax assets have been calculated based on temporary differences to the extent that it is likely that these can be utilized. For Norwegian entities the group has applied a tax rate of 22 percent.The group\u2019s landbased entities are ordinary taxed in the country of operation. Excep-tions are some US Limited Liability Corporations (LLCs) which are disregarded for US tax purposes. These LLCs are taxed at the owner level. Deferred tax The group\u2019s deferred tax assets/liabilities are calculated based on the relevant tax rate in each country. The group continues the non-recognition of net deferred tax assets in the balance sheet related to tax losses and non-deductible interest cost in the Norwegian entities, due to uncertain future utilization. The deferred tax assets not recognized per year-end 2023 amount to USD 173 million (2022: USD 134 million).Specification of tax expense for the yearUSD million 2023 2022Current income tax (including withholding tax) 64 39Change in deferred tax 4 (4)Total tax expense 68 35The tax expense for the year ended December 31, 2023 was USD 68 million, compared with USD 35 million in the same period last year. The tax expense in 2023 relates primarily to withholding taxes on dividends paid by subsidiaries, income tax payable in the logistics segment and a reversal of historic deferred tax assets related to non-deductible interest costs carried forward in the Norwegian entities. Reconciliation of actual tax expense against expected tax expense in accordance with the income tax rate of 22 percentUSD million 2023 2022Profit/(loss) before tax 1,035 82922% tax 228 182Tax effect fromNon-taxable income (276) (175)Share of profits from joint ventures and associates (1) -Other permanent differences 49 20Tax refund - (2)Corporate income tax different tax rate than 22% 3 5Currency translation from USD to local currency for tax purposes 4 (29)Deferred tax assets in Norway not recognized (valuation allowance) 39 32Prior year adjustments (2) (1)Change in deferred tax 4 -Withholding tax 20 4Calculated tax expense for the group 68 35Effective tax rate for the group 7% 4%The effective tax rate for the group will, from period to period, change depending on the group gains and losses from investments inside the exemption method and tax exempt revenues from tonnage tax regimes. Change in local tax rates will also impact the effective tax rate for the group. USD million 2023 2022Net deferred tax liabilities at January 1 (12) (11)Currency translation differences 1 (4)Through OCI 1 (1)Income statement charge (4) 4Net deferred tax liabilities at December 31 (14) (12)Deferred tax assets in balance sheet 53 59Deferred tax liabilities in balance sheet (67) (71)Net deferred tax liabilities at December 31 (14) (12)The movement in deferred income tax assets and liabilities during the year, with-out taking into consideration the offsetting of balances within the same tax juris-diction, is as follows:Deferred tax liabilitiesTangible/Deferred USD millionintangible assetscapital gains Other TotalDeferred tax liabilities at December 31, 2022 (26) - (7) (33)Through income statement 1 - (25) (25)Currency translation adjustment 5 - - 5Deferred tax liabilities at December 31, 2023 (20) - (32) (52)Reclassification of deferred tax items (14)Net deferred tax liability at December 31, 2023 (67)Deferred tax liabilities at December 31, 2021 (47) - (14) (61)Through income statement 28 - 7 35Currency translation adjustment (7) - - (7)Deferred tax liabilities at December 31, 2022 (26) - (7) (33)Reclassification of deferred tax items (38)Net deferred tax liability at December 31, 2022 (71)Deferred tax assetsNon-current Current assetsTax losses USD millionassets and liabilitiesand liabilitiescarried forward TotalDeferred tax assets at December 31, 2022 11 3 6 21Through income statement 20 (1) 1 21Through OCI 1 - - 1Currency translation adjustment (5) - - (5)Deferred tax assets at December 31, 2023 28 2 8 38Reclassification of deferred tax items 14Net deferred tax assets at December 31, 2023 53Deferred tax assets at December 31, 2021 40 7 2 50Through income statement (31) (4) 4 (31)Through OCI (1) - - (1)Currency translation adjustment 3 - - 3Deferred tax assets at December 31, 2022 11 3 6 21Reclassification of deferred tax items 38Net deferred tax assets at December 31, 2022 59The group is within the scope of the OECD Pillar Two model rules. Pillar Two legis-lation was enacted in Norway, the jurisdiction in which Wallenius Wilhelmsen ASA is incorporated, and will come into effect from January 1, 2024. Since the Pillar Two legislation was not effective at the reporting date, the group has no related current tax exposure. The group applies the exception to recognizing and disclosing infor-mation about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023. Under the legislation, the group is liable to pay a top-up tax for the difference between their GloBE (Global Anti-Base Erosion Rules) effective tax rate per jurisdiction and the 15 percent mini-mum rate. The group is in the process of assessing its exposure to the Pillar Two legislation for when it comes into effect. Due to the complexities in applying the legislation, the quantitative impact is not yet reasonably estimable. The group is, however, engaging with tax specialists to apply the legislation and expect to esti-mate the impact by the end of the first quarter of 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__54": {
"value": "Note 7. TaxOrdinary taxation The ordinary rate of corporation tax in Norway is 22 percent for 2023. Norwegian limited liability companies are encompassed by the participation exemption method for share income. Thus, share dividends and gains are tax free for the receiving company. Corresponding losses on shares are not deductible. The participation exemption method does not apply to share income from companies considered low taxed and that are located outside the European Economic Area (EEA), and on share income from companies owned by less than 10 percent resident outside the EEA. For group companies with a 90 percent or higher ownership, and located in Norway and within the same tax regime, taxable profits in one company can be offset against tax losses and tax loss carry-forwards in other group companies. Deferred tax/deferred tax assets have been calculated based on temporary differences to the extent that it is likely that these can be utilized. For Norwegian entities the group has applied a tax rate of 22 percent.The group\u2019s landbased entities are ordinary taxed in the country of operation. Excep-tions are some US Limited Liability Corporations (LLCs) which are disregarded for US tax purposes. These LLCs are taxed at the owner level. Deferred tax The group\u2019s deferred tax assets/liabilities are calculated based on the relevant tax rate in each country. The group continues the non-recognition of net deferred tax assets in the balance sheet related to tax losses and non-deductible interest cost in the Norwegian entities, due to uncertain future utilization. The deferred tax assets not recognized per year-end 2023 amount to USD 173 million (2022: USD 134 million).Specification of tax expense for the yearUSD million 2023 2022Current income tax (including withholding tax) 64 39Change in deferred tax 4 (4)Total tax expense 68 35The tax expense for the year ended December 31, 2023 was USD 68 million, compared with USD 35 million in the same period last year. The tax expense in 2023 relates primarily to withholding taxes on dividends paid by subsidiaries, income tax payable in the logistics segment and a reversal of historic deferred tax assets related to non-deductible interest costs carried forward in the Norwegian entities. Reconciliation of actual tax expense against expected tax expense in accordance with the income tax rate of 22 percentUSD million 2023 2022Profit/(loss) before tax 1,035 82922% tax 228 182Tax effect fromNon-taxable income (276) (175)Share of profits from joint ventures and associates (1) -Other permanent differences 49 20Tax refund - (2)Corporate income tax different tax rate than 22% 3 5Currency translation from USD to local currency for tax purposes 4 (29)Deferred tax assets in Norway not recognized (valuation allowance) 39 32Prior year adjustments (2) (1)Change in deferred tax 4 -Withholding tax 20 4Calculated tax expense for the group 68 35Effective tax rate for the group 7% 4%The effective tax rate for the group will, from period to period, change depending on the group gains and losses from investments inside the exemption method and tax exempt revenues from tonnage tax regimes. Change in local tax rates will also impact the effective tax rate for the group. USD million 2023 2022Net deferred tax liabilities at January 1 (12) (11)Currency translation differences 1 (4)Through OCI 1 (1)Income statement charge (4) 4Net deferred tax liabilities at December 31 (14) (12)Deferred tax assets in balance sheet 53 59Deferred tax liabilities in balance sheet (67) (71)Net deferred tax liabilities at December 31 (14) (12)The movement in deferred income tax assets and liabilities during the year, with-out taking into consideration the offsetting of balances within the same tax juris-diction, is as follows:Deferred tax liabilitiesTangible/Deferred USD millionintangible assetscapital gains Other TotalDeferred tax liabilities at December 31, 2022 (26) - (7) (33)Through income statement 1 - (25) (25)Currency translation adjustment 5 - - 5Deferred tax liabilities at December 31, 2023 (20) - (32) (52)Reclassification of deferred tax items (14)Net deferred tax liability at December 31, 2023 (67)Deferred tax liabilities at December 31, 2021 (47) - (14) (61)Through income statement 28 - 7 35Currency translation adjustment (7) - - (7)Deferred tax liabilities at December 31, 2022 (26) - (7) (33)Reclassification of deferred tax items (38)Net deferred tax liability at December 31, 2022 (71)Deferred tax assetsNon-current Current assetsTax losses USD millionassets and liabilitiesand liabilitiescarried forward TotalDeferred tax assets at December 31, 2022 11 3 6 21Through income statement 20 (1) 1 21Through OCI 1 - - 1Currency translation adjustment (5) - - (5)Deferred tax assets at December 31, 2023 28 2 8 38Reclassification of deferred tax items 14Net deferred tax assets at December 31, 2023 53Deferred tax assets at December 31, 2021 40 7 2 50Through income statement (31) (4) 4 (31)Through OCI (1) - - (1)Currency translation adjustment 3 - - 3Deferred tax assets at December 31, 2022 11 3 6 21Reclassification of deferred tax items 38Net deferred tax assets at December 31, 2022 59The group is within the scope of the OECD Pillar Two model rules. Pillar Two legis-lation was enacted in Norway, the jurisdiction in which Wallenius Wilhelmsen ASA is incorporated, and will come into effect from January 1, 2024. Since the Pillar Two legislation was not effective at the reporting date, the group has no related current tax exposure. The group applies the exception to recognizing and disclosing infor-mation about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023. Under the legislation, the group is liable to pay a top-up tax for the difference between their GloBE (Global Anti-Base Erosion Rules) effective tax rate per jurisdiction and the 15 percent mini-mum rate. The group is in the process of assessing its exposure to the Pillar Two legislation for when it comes into effect. Due to the complexities in applying the legislation, the quantitative impact is not yet reasonably estimable. The group is, however, engaging with tax specialists to apply the legislation and expect to esti-mate the impact by the end of the first quarter of 2024.Tonnage tax Companies subject to tonnage tax regimes are exempt from ordinary tax on their shipping income. In lieu of ordinary taxation, tonnage taxed companies are taxed on a notional basis based on the net tonnage of the companies\u2019 vessels. Income not derived from the operation of vessels in international waters, such as financial income, is usually taxed according to the ordinary taxation rules applicable in the resident country of each respective company. The group had four wholly-owned companies resident in Malta, Norway, Singapore and Sweden which were taxed under a tonnage tax regime in 2023. Further, the group has an ownership of 80 percent in EUKOR which is a tonnage taxed company resident in the Republic of Korea. The tonnage tax is considered as an operating expense in the financial statements.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__59-1": {
"value": "Note 8. Goodwill, customer relations/contracts and other intangible assetsTotal goodwill Customer Otherand other relations/intangible intangible USD million Goodwillcontractsassetsassets2023Cost at January 1 346 421 68 834Additions - - 12 12Disposal - - (1) (1)Reclassification - - - -Currency translation adjustment - - - -Cost at December 31 346 421 79 846Accumulated amortization and impairment losses at January 1 (145) (261) (33) (439)Amortization - (34) (7) (41)1Impairment- - (5) (5)Disposal - - - -Reclassification - - - -Currency translation adjustment - - - -Accumulated amortization and impairment losses at December 31 (145) (295) (45) (485)Carrying amount at December 31 201 125 34 360Total goodwill Customer Otherand other relations/intangible intangible USD million Goodwillcontractsassetsassets2022Cost at January 1 346 421 58 824Additions - - 8 8Disposal - - - -Reclassification - - 2 2Currency translation adjustment - - - -Cost at December 31 346 421 68 834Accumulated amortization and impairment losses at January 1 (116) (225) (28) (369)Amortization - (36) (8) (45)1Impairment (29) - - (29)Disposal - - - -Reclassification - - 4 4Currency translation adjustment - - - -Accumulated amortization and impairment losses at December 31 (145) (261) (33) (439)Carrying amount at December 31 201 159 35 395\u201cOther intangible assets\u201d primarily include port use rights and software. 1 In 2023, an impairment loss of USD 5 million was recognized related to intangible assets under development in the shipping services segment. In 2022, a goodwill impairment of USD 29 million was recognized in the logistics services segment. See note 11 for more information.Note 11. Impairment on non-current assetsImpairment \u2013 GoodwillGoodwill is tested for impairment on an annual basis, or more frequently if there is an indication of impairment. Management performed impairment testing of cash generating units (CGUs) or groups of CGUs that contain goodwill during the fourth quarter 2023. Goodwill acquired through business combinations has been allocated to the groups of CGUs as presented below together with carrying amounts, applicable discount rates and perpetuity growth rates used for impairment testing: Discount rateGrowth rate Goodwill post taxterminal valueUSD million Reporting segment 2023 2022 2023 2022 2023 2022Wallenius Wilhelmsen Ocean Shipping services 43 43 8.2% 8.0% 2.0% 2.0%ARC Government services 11 11 8.1% 8.0% 2.0% 2.0%Logistics services Logistics services 147 147 8.1% 8.1% 2.0% 2.0%Total 201 201The recoverable amounts for CGUs and groups of CGUs with goodwill have been determined based on a value in use (ViU) calculation. The goodwill impairment test showed significant headroom in all CGUs and no impairment charge has been recognized in 2023.Key assumptions used in determination of value in useDiscount rate Discount rates used in the calculation of ViU reflect the current market assessment of the risks specific to each cash generating unit. The discount rates were estimated based on the weighted average cost of capital for the industry. Cash flowsFuture cash flow estimates are based on an assessment of the CGU or group of CGUs\u2019 expected earnings which is best represented by group management\u2019s latest five-year plan reflecting both experience as well as external sources of information concerning expected future market developments and uncertainty related to e.g., geopolitical and climate risks. Current estimated cash flows include expected impact of committed initiatives and cash outflows to maintain operating capacity. The projections exclude any estimated future cash inflows or outflows expected to arise from future restructurings or from improving or enhancing the CGU\u2019s performance. Cash flows beyond the five-year period are extrapolated using moderate estimated growth rates.Sensitivities for main CGUs with goodwillWW Ocean (part of the shipping services)WW Ocean owns or charters (long-term time-charter or bare-boat in) a fleet of 51 vessels through its shipowning subsidiaries, Wallenius Wilhelmsen Shipowning Norway AS, Wall RO/RO AB and Wilhelmsen Lines Shipowning Malta Ltd. In addition, four vessels are chartered from an affiliated company in the government services segment. Further, Armacup Ltd charters in three vessels from external owners and two vessels from EUKOR Car Carriers Inc. The vessels are used in the group\u2019s global ocean operations for transportation of autos, high and heavy and break-bulk cargo for OEMs or other customers or chartered (T/C out) to other carriers with variable durations. Two vessels are chartered to EUKOR Carriers Inc. The key cash flow assumptions are related to the expected average earnings per day (T/C less vessel running costs and selling, general & administration expenses per day) for the fleet operated by WW Ocean. The five-year plan also reflects the assessment of the supply/demand balance (volume, tonnage supply and utilization) in the short to medium term. Cash flow estimates are impacted by expected required investments such as replacement of capacity in coming years to maintain operating activities in line with the five-year plan.Costs to ensure compliance with climate and other sustainability-related regula-tory requirements and achievement of strategic sustainability related goals have been factored into the projected cash flows as far as they relate to current business. Wallenius Wilhelmsen\u2019s long-term assumptions for key variables in the five-year plan such as rates and fuel costs (including e.g., biofuel) and measures to increase vessel energy efficiency are reflected in the cash flow estimates and our planning assumptions are consistent with group strategy and our aims to reduce carbon and other GHG emissions. Management has assumed that clean fuel sources will be available. Limitations in availability could lead to additional cost and limitations in operations. The investment in the methanol-capable and ammonia-ready Shaper Class vessels that are expected to be ordered and delivered in the five-year plan period, and that will replace current capacity, have been included in the cash flow projections. The group has conducted an analysis of the sensitivity of the impairment test to changes in the key assumptions used to determine the recoverable amount. No reasonably possible change in the key assumptions on which the recoverable amount is based would cause the aggregate carrying amount to exceed the aggre-gate recoverable amount of the related CGUs. Logistics servicesLogistics services include vehicle processing centers, equipment processing centers, inland distribution networks and terminals. The key cash flow assumptions used are the throughput and average margins obtained in the network operated by logistics services. Costs to ensure compliance with climate and other sustain-ability-related regulatory requirements and achievement of strategic sustainability related goals have been factored into the projected cash flows as far as they relate to current business. As an example, investments in e.g., terminal equipment, trucks and forklifts will primarily be electric.The calculation of the recoverable amount is sensitive to changes in the discount rate and the perpetual growth rate as well as changes in estimated cash flows. The group has conducted an analysis of the sensitivity of the impairment test to changes in the key assumptions used to determine the recoverable amount. No reasonably possible change in the key assumptions on which the recoverable amount is based would cause the aggregate carrying amount to exceed the aggre-gate recoverable amount of the related CGUs. Government servicesGovernment services provide ocean transport of RoRo cargo, breakbulk and vehi-cles. Logistics services, primarily related to multimodal transportation, stevedor-ing and terminal operations, are also performed. The entities in the government services segment (ARC) own eight US flagged vessels and one Marshall Island flagged vessel at the end of the year, of which five vessels are deployed by ARC and four vessels are chartered to affiliates in the shipping services segment. Costs to ensure compliance with climate and other sustainability-related regulatory require-ments and achievement of strategic sustainability-related goals have been factored into the projected cash flows as far as they relate to current business. This includes measures to increase vessel energy efficiency. No reasonably possible changes in key variables are likely to reduce the headroom to nil. Impairment assessment \u2013 intangible assets The group has significant intangible assets largely related to customer contracts and customer relations acquired in business combinations. At every balance sheet date, the group considers whether there are any indications of impairment. If such indications exist, an impairment test is performed. Management considers that there are no indications of impairment as at December 31, 2023.The group has capitalized development costs that qualify for recognition as inter-nally generated assets but that are not yet ready for use. One such software devel-opment project within the shipping services segment was discontinued during 2023 and resulted in an impairment loss of USD 5 million.Impairment assessment \u2013 vessels and other tangible assetsThe group has significant investments in vessels and other tangible assets of which vessels constitute the vast majority. At every balance sheet date, the group consid-ers whether there are any indications of impairment of the carrying values of these assets. If such indications exist, an impairment test is performed. Management considers that there are no indications of impairment as at Decem-ber 31, 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__58-1": {
"value": "Note 8. Goodwill, customer relations/contracts and other intangible assetsTotal goodwill Customer Otherand other relations/intangible intangible USD million Goodwillcontractsassetsassets2023Cost at January 1 346 421 68 834Additions - - 12 12Disposal - - (1) (1)Reclassification - - - -Currency translation adjustment - - - -Cost at December 31 346 421 79 846Accumulated amortization and impairment losses at January 1 (145) (261) (33) (439)Amortization - (34) (7) (41)1Impairment- - (5) (5)Disposal - - - -Reclassification - - - -Currency translation adjustment - - - -Accumulated amortization and impairment losses at December 31 (145) (295) (45) (485)Carrying amount at December 31 201 125 34 360Total goodwill Customer Otherand other relations/intangible intangible USD million Goodwillcontractsassetsassets2022Cost at January 1 346 421 58 824Additions - - 8 8Disposal - - - -Reclassification - - 2 2Currency translation adjustment - - - -Cost at December 31 346 421 68 834Accumulated amortization and impairment losses at January 1 (116) (225) (28) (369)Amortization - (36) (8) (45)1Impairment (29) - - (29)Disposal - - - -Reclassification - - 4 4Currency translation adjustment - - - -Accumulated amortization and impairment losses at December 31 (145) (261) (33) (439)Carrying amount at December 31 201 159 35 395\u201cOther intangible assets\u201d primarily include port use rights and software. 1 In 2023, an impairment loss of USD 5 million was recognized related to intangible assets under development in the shipping services segment. In 2022, a goodwill impairment of USD 29 million was recognized in the logistics services segment. See note 11 for more information.Impairment assessment \u2013 intangible assets The group has significant intangible assets largely related to customer contracts and customer relations acquired in business combinations. At every balance sheet date, the group considers whether there are any indications of impairment. If such indications exist, an impairment test is performed. Management considers that there are no indications of impairment as at December 31, 2023.The group has capitalized development costs that qualify for recognition as inter-nally generated assets but that are not yet ready for use. One such software devel-opment project within the shipping services segment was discontinued during 2023 and resulted in an impairment loss of USD 5 million.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__57": {
"value": "Note 8. Goodwill, customer relations/contracts and other intangible assetsTotal goodwill Customer Otherand other relations/intangible intangible USD million Goodwillcontractsassetsassets2023Cost at January 1 346 421 68 834Additions - - 12 12Disposal - - (1) (1)Reclassification - - - -Currency translation adjustment - - - -Cost at December 31 346 421 79 846Accumulated amortization and impairment losses at January 1 (145) (261) (33) (439)Amortization - (34) (7) (41)1Impairment- - (5) (5)Disposal - - - -Reclassification - - - -Currency translation adjustment - - - -Accumulated amortization and impairment losses at December 31 (145) (295) (45) (485)Carrying amount at December 31 201 125 34 360Total goodwill Customer Otherand other relations/intangible intangible USD million Goodwillcontractsassetsassets2022Cost at January 1 346 421 58 824Additions - - 8 8Disposal - - - -Reclassification - - 2 2Currency translation adjustment - - - -Cost at December 31 346 421 68 834Accumulated amortization and impairment losses at January 1 (116) (225) (28) (369)Amortization - (36) (8) (45)1Impairment (29) - - (29)Disposal - - - -Reclassification - - 4 4Currency translation adjustment - - - -Accumulated amortization and impairment losses at December 31 (145) (261) (33) (439)Carrying amount at December 31 201 159 35 395\u201cOther intangible assets\u201d primarily include port use rights and software. 1 In 2023, an impairment loss of USD 5 million was recognized related to intangible assets under development in the shipping services segment. In 2022, a goodwill impairment of USD 29 million was recognized in the logistics services segment. See note 11 for more information.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__60": {
"value": "Note 9. Vessels and other tangible assetsOther Vessel TotalProperty tangible Vessels related tangible USD million& landassets& dockingprojectsassets2023Cost at January 1 121 117 5,584 8 5,829Additions 9 17 66 59 151Disposal (1) (6) (43) - (50)Reclassification 12 (13) 98 (12) 85Currency translation adjustment 1 2 - - 3Cost at December 31 142 118 5,705 54 6,019Accumulated depreciation and impairment losses at January 1 (29) (52) (1,806) - (1,887)Depreciation (9) (12) (261) - (282)Disposal 1 5 43 - 49Reclassification - - (26) - (25)Currency translation adjustment (1) (1) - - (2)Accumulated depreciation and impairment losses at December 31 (38) (60) (2,050) - (2,148)Carrying amount at December 31 104 58 3,655 54 3,871Other Vessel Total Property tangible Vessels related tangible USD million& landassets& dockingprojectsassets2022Cost at January 1 125 92 5,439 1 5,656Additions 3 33 52 16 103Disposal (2) (6) (30) (1) (39)Reclassification - - 123 (7) 116Currency translation adjustment (5) (1) - - (7)Cost at December 31 121 117 5,584 8 5,829Accumulated depreciation and impairment losses at January 1 (23) (43) (1,557) - (1,623)Depreciation (9) (11) (249) - (269)Disposal 2 1 25 - 28Reclassification - - (26) - (26)Currency translation adjustment 2 1 - - 3Accumulated depreciation and impairment losses at December 31 (29) (52) (1,806) - (1,887)Carrying amount at December 31 92 65 3,778 8 3,943At year-end 2023, the group owned 86 vessels. Vessels include dry-docking, of which carrying amounts at year end was USD 106 million (2022: USD 87 million). Vessel related projects include installments on newbuilds and installments on scrubber installations. Installments on newbuilds included as additions (USD 42 million) represent 10 percent of the total capital commitment for the four contracted vessels. Remaining capital commitment is USD 380 million. Leased vessels for which purchase options were exercised during the year were reclassified to \u201cVessels & docking\u201d and are shown as \u201cReclassification\u201d in the above table within Cost (USD 88 million) and Accumulated depreciation (USD 26 million). Corresponding figures are presented in note 10 Right-of-use assets.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__63": {
"value": "Note 11. Impairment on non-current assetsImpairment \u2013 GoodwillGoodwill is tested for impairment on an annual basis, or more frequently if there is an indication of impairment. Management performed impairment testing of cash generating units (CGUs) or groups of CGUs that contain goodwill during the fourth quarter 2023. Goodwill acquired through business combinations has been allocated to the groups of CGUs as presented below together with carrying amounts, applicable discount rates and perpetuity growth rates used for impairment testing: Discount rateGrowth rate Goodwill post taxterminal valueUSD million Reporting segment 2023 2022 2023 2022 2023 2022Wallenius Wilhelmsen Ocean Shipping services 43 43 8.2% 8.0% 2.0% 2.0%ARC Government services 11 11 8.1% 8.0% 2.0% 2.0%Logistics services Logistics services 147 147 8.1% 8.1% 2.0% 2.0%Total 201 201The recoverable amounts for CGUs and groups of CGUs with goodwill have been determined based on a value in use (ViU) calculation. The goodwill impairment test showed significant headroom in all CGUs and no impairment charge has been recognized in 2023.Key assumptions used in determination of value in useDiscount rate Discount rates used in the calculation of ViU reflect the current market assessment of the risks specific to each cash generating unit. The discount rates were estimated based on the weighted average cost of capital for the industry. Cash flowsFuture cash flow estimates are based on an assessment of the CGU or group of CGUs\u2019 expected earnings which is best represented by group management\u2019s latest five-year plan reflecting both experience as well as external sources of information concerning expected future market developments and uncertainty related to e.g., geopolitical and climate risks. Current estimated cash flows include expected impact of committed initiatives and cash outflows to maintain operating capacity. The projections exclude any estimated future cash inflows or outflows expected to arise from future restructurings or from improving or enhancing the CGU\u2019s performance. Cash flows beyond the five-year period are extrapolated using moderate estimated growth rates.Sensitivities for main CGUs with goodwillWW Ocean (part of the shipping services)WW Ocean owns or charters (long-term time-charter or bare-boat in) a fleet of 51 vessels through its shipowning subsidiaries, Wallenius Wilhelmsen Shipowning Norway AS, Wall RO/RO AB and Wilhelmsen Lines Shipowning Malta Ltd. In addition, four vessels are chartered from an affiliated company in the government services segment. Further, Armacup Ltd charters in three vessels from external owners and two vessels from EUKOR Car Carriers Inc. The vessels are used in the group\u2019s global ocean operations for transportation of autos, high and heavy and break-bulk cargo for OEMs or other customers or chartered (T/C out) to other carriers with variable durations. Two vessels are chartered to EUKOR Carriers Inc. The key cash flow assumptions are related to the expected average earnings per day (T/C less vessel running costs and selling, general & administration expenses per day) for the fleet operated by WW Ocean. The five-year plan also reflects the assessment of the supply/demand balance (volume, tonnage supply and utilization) in the short to medium term. Cash flow estimates are impacted by expected required investments such as replacement of capacity in coming years to maintain operating activities in line with the five-year plan.Costs to ensure compliance with climate and other sustainability-related regula-tory requirements and achievement of strategic sustainability related goals have been factored into the projected cash flows as far as they relate to current business. Wallenius Wilhelmsen\u2019s long-term assumptions for key variables in the five-year plan such as rates and fuel costs (including e.g., biofuel) and measures to increase vessel energy efficiency are reflected in the cash flow estimates and our planning assumptions are consistent with group strategy and our aims to reduce carbon and other GHG emissions. Management has assumed that clean fuel sources will be available. Limitations in availability could lead to additional cost and limitations in operations. The investment in the methanol-capable and ammonia-ready Shaper Class vessels that are expected to be ordered and delivered in the five-year plan period, and that will replace current capacity, have been included in the cash flow projections. The group has conducted an analysis of the sensitivity of the impairment test to changes in the key assumptions used to determine the recoverable amount. No reasonably possible change in the key assumptions on which the recoverable amount is based would cause the aggregate carrying amount to exceed the aggre-gate recoverable amount of the related CGUs. Logistics servicesLogistics services include vehicle processing centers, equipment processing centers, inland distribution networks and terminals. The key cash flow assumptions used are the throughput and average margins obtained in the network operated by logistics services. Costs to ensure compliance with climate and other sustain-ability-related regulatory requirements and achievement of strategic sustainability related goals have been factored into the projected cash flows as far as they relate to current business. As an example, investments in e.g., terminal equipment, trucks and forklifts will primarily be electric.The calculation of the recoverable amount is sensitive to changes in the discount rate and the perpetual growth rate as well as changes in estimated cash flows. The group has conducted an analysis of the sensitivity of the impairment test to changes in the key assumptions used to determine the recoverable amount. No reasonably possible change in the key assumptions on which the recoverable amount is based would cause the aggregate carrying amount to exceed the aggre-gate recoverable amount of the related CGUs. Government servicesGovernment services provide ocean transport of RoRo cargo, breakbulk and vehi-cles. Logistics services, primarily related to multimodal transportation, stevedor-ing and terminal operations, are also performed. The entities in the government services segment (ARC) own eight US flagged vessels and one Marshall Island flagged vessel at the end of the year, of which five vessels are deployed by ARC and four vessels are chartered to affiliates in the shipping services segment. Costs to ensure compliance with climate and other sustainability-related regulatory require-ments and achievement of strategic sustainability-related goals have been factored into the projected cash flows as far as they relate to current business. This includes measures to increase vessel energy efficiency. No reasonably possible changes in key variables are likely to reduce the headroom to nil. Impairment assessment \u2013 intangible assets The group has significant intangible assets largely related to customer contracts and customer relations acquired in business combinations. At every balance sheet date, the group considers whether there are any indications of impairment. If such indications exist, an impairment test is performed. Management considers that there are no indications of impairment as at December 31, 2023.The group has capitalized development costs that qualify for recognition as inter-nally generated assets but that are not yet ready for use. One such software devel-opment project within the shipping services segment was discontinued during 2023 and resulted in an impairment loss of USD 5 million.Impairment assessment \u2013 vessels and other tangible assetsThe group has significant investments in vessels and other tangible assets of which vessels constitute the vast majority. At every balance sheet date, the group consid-ers whether there are any indications of impairment of the carrying values of these assets. If such indications exist, an impairment test is performed. Management considers that there are no indications of impairment as at Decem-ber 31, 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__65": {
"value": "Note 12. Principal subsidiariesOwnership interest held by the groupCompany Business office, country Nature of business 2023 2022Wallenius Wilhelmsen Ocean Holding AS Lysaker, Norway Intermediate holding company 100% 100%Wall RO/RO ABStockholm, Sweden Shipowner 100% 100%WWL Shipowning Singapore Pte LtdSingapore Shipowner 100% 100%Wilhelmsen Lines Shipowning Malta LtdFloriana, Malta Shipowner 100% 100%Wallenius Wilhelmsen Ocean ASLysaker, Norway Vessel operator 100% 100%Armacup Maritime Services LtdAuckland New Zealand Vessel operator 65% 65%Wallenius Wilhelmsen International Holding ASLysaker, Norway Intermediate holding company 100% 100%EUKOR Car Carriers IncSeoul, Republic of Korea Shipowner and operator 80% 80%ARC Group Holding ASLysaker, Norway Intermediate holding company 100% 100%American Roll-On Roll-Off Carrier Group IncFlorida, USA Shipowner and operator 100% 100%American Roll-On Roll-Off Carrier Holdings LLCFlorida, USA Vessel operator 100% 100%Fidelio Limited PartnershipFlorida, USA Shipowner 100% 100%Wallenius Wilhelmsen Solutions Holding ASLysaker, Norway Intermediate holding company 100% 100%Wallenius Wilhelmsen Terminals Holding ASLysaker, Norway Intermediate holding company 100% 100%Melbourne International RoRo and Auto Terminal Pty LtdMelbourne, Australia Terminal operations 100% 100%Mid-Atlantic Terminal LLCBaltimore, Maryland, USA Terminal operations 100% 100%Pacific Ro-Ro Stevedoring LLCCalifornia, US Terminal operations 100% 100%Wallenius Wilhelmsen Solutions UK LtdSouthampton, United Kingdom Terminal operations 100% 100%Pyeongtaek International Ro-Ro TerminalPyeongtaek, Republic of Korea Terminal operations 100% 100%Wallenius Wilhelmsen Logistics Zeebr\u00fcgge NVZeebr\u00fcgge, Belgium Terminal operations 100% 100%Wallenius Wilhelmsen Inland Services Holding ASLysaker, Norway Intermediate holding company 100% 100%Wallenius Wilhelmsen Logistics Abnormal Load Services Holding B.V.Ittervort, Netherlands Intermediate holding company 100% 100%2W Americas Holdings, LLCNew Jersey, USA Intermediate holding company 100% 100%WWL Vehicle Service Americas New Jersey, USA Landbased Solutions 100% 100%Keen Transport Inc Holding Carlisle, Pennsylvania, USA Landbased Solutions 100% 100%Syngin Technologies LLCTampa, Florida, USA Landbased Solutions 100% 70%The four holding companies and their principal subsidiaries at December 31, 2023 are listed in the table above. Unless otherwise stated, they have share capital consisting solely of ordinary shares that are held directly by the group, and the proportion of ownership interests held equals the voting rights held by the group. The country of incorporation or registration is also their principal place of business.Liabilities related to non-controlling interestAt the start of the year, the group owned 70 percent of the shares in the subsidiary Syngin Technology LLC. In March 2023, the group acquired a further 29.5 percent of the shares in Syngin Technology, LLC. The remaining 0.5 percent was acquired in two tranches (September and December 2023), bringing the group ownership to 100 percent as at December 31, 2023. Total consideration (cash) was USD 13 million. With an existing 70 percent ownership, the group already controlled Syngin and consolidated the investment as a subsidiary. The non-controlling shareholders had an existing right (put option) to sell some or all of their interest to the group. The reversal of the liability of USD 19 million recognized as Other current interest-bear-ing debt, arising from the put option, resulted in a net gain (finance income) from the transaction of USD 6 million in 2023. Non-controlling interest was reclassified to equity attributable to the owners of the parent.The group owns 65 percent of the shares in the subsidiary Armacup Maritime Services Ltd which is consolidated in the group financial statements based upon ownership with a corresponding non-controlling interest. According to an amend-ment to the shareholder agreement, which was entered into in 2022, the group shall purchase the remaining 35 percent of the shares on December 31, 2024. The fair value at December 31, 2023 is USD 14 million and is recognized within Other current liabilities. All subsequent changes to the liability are recognized in profit and loss.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__66": {
"value": "Note 13. Subsidiaries with material non-controlling interestCompany Business office, country Voting/control share Non-controlling interest2023 2022 2023 2022EUKOR Car Carriers Inc Seoul, Republic of Korea 80% 80% 20% 20%Set out below is the summarized financial information for the subsidiary that has non-controlling interests (NCI) material to the group. The amounts disclosed are on a 100 percent basis.Summarized balance sheetUSD million 2023 2022Non-current assets 2,290 2,421Current assets 1,148 873Total assets 3,438 3,294Non-current liabilities 931 1,140Current liabilities 603 549Total liabilities 1,534 1,689Net assets 1,903 1,605Accumulated non-controlling interests (NCI) 382 321Summarized income statement/OCIUSD million 2023 2022Total revenue 2,366 2,220Profit for the year 540 514Other comprehensive income/(loss) (5) (5)Total comprehensive income 535 510Profit allocated to material NCI 112 103Dividends paid to material NCI 50 10Summarized cash flowsUSD million 2023 2022Net cash flow provided by/(used in) operating activities 775 653Net cash flow provided by/(used in) investing activities (393) (186)Net cash flow provided by/(used in) financing activities (485) (268)Net increase/(decrease) in cash and cash equivalents (102) 199NCI \u2013 EUKOR Car Carriers Inc 382 321NCI \u2013 immaterial subsidiaries 30 34Non-controlling interests 413 355Profit for the period attributable to NCIs \u2013 Eukor Car Carriers Inc 112 103Profit for the period attributable to NCIs \u2013 immaterial subsidiaries 9 13Profit for the period to NCIs 121 116",
"dimensions": {
"concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__67": {
"value": "Note 14. Share information and earnings per shareEarnings per share takes into consideration the number of issued shares excluding own shares in the period. Basic earnings per share is calculated by dividing profit for the period attributable to the owners of the parent by the average number of total outstanding shares (adjusted for average number of own shares).Earnings per share 2023 2022Average number of shares 422,692,088 422,451,157Profit for the period attributable to owners of the parent (USD million) 846 679Basic and diluted earnings per share (USD) 2.00 1.60NOK million USD millionThe company\u2019s share capital is as follows, translated to USD at the historical exchange rate: 220 28In accordance with the authorization from the AGM held on April 26, 2023, the maxi-mum number of shares that can be repurchased is 42,310,494 shares, equivalent to 10 percent of the share capital of the company. Own shares are intended to cover the group\u2019s executive share incentive program. When any plan in the program is exercised, there will be a reduction of own shares and the price paid in excess of the nominal value of the shares increases retained earnings. The share repurchase for the long-term executive incentive scheme will, however, be capped at 500,000 shares, in line with the number of shares required for the scheme. In September 2023, the board of Wallenius Wilhelmsen ASA initiated a share repurchase program to cover obligations under its long-term executive incentive scheme and bought back a total of 500,000 shares with a transaction value of approximately USD 4 million (NOK 44 million) under the repurchase program.The company's number of shares: Dec 31, 2023 Dec 31, 2022Total number of shares (nominal value NOK 0.52) 423,104,938 423,104,938Own shares 568,338 586,119",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__70": {
"value": "Note 16. Interest-bearing liabilitiesWallenius Wilhelmsen group has five financing units: Wallenius Wilhelmsen ASA, Wallenius Wilhelmsen Ocean, EUKOR, ARC and Wallenius Wilhelmsen Solutions. Wallenius Wilhelmsen Ocean and EUKOR are operated under the shipping segment, ARC operates as the government segment and Wallenius Wilhelmsen Solutions operates as the logistics segment. The debt in Wallenius Wilhelmsen Ocean and Wallenius Wilhelmsen Solutions is guaranteed by Wallenius Wilhelmsen ASA.Interest-bearing liabilities per financing unitUSD million 2023 2022Wallenius Wilhelmsen ASABonds 565 534Total 565 534Wallenius Wilhelmsen OceanBank debt 828 1,002Leases 285 338Total 1,113 1,339ARCBank debt 64 92Leases 3 1Total 67 94EUKORBank debt 558 581Leases 650 802Total 1,208 1,383Wallenius Wilhelmsen SolutionsBank debt 303 322Leases 472 431Total 775 753Total group 3,728 4,103Most financings are subject to certain financial and non-financial covenants or restrictions: \u2022 The main covenant related to the bond debt in Wallenius Wilhelmsen ASA is a limitation on the ability to pledge assets. \u2022 The debt in Wallenius Wilhelmsen Ocean is subject to minimum liquidity and gearing ratio (net interest-bearing debt divided by net interest-bearing debt plus book equity) on a consolidated group level, as well as loan to value clauses for secured debt. \u2022 The debt in EUKOR is subject to minimum liquidity and interest cover ratio (EBITDA to interest expense) on EUKOR group level, as well as loan to value clauses for secured debt. \u2022 The debt in ARC is subject to a fixed charge coverage ratio ((EBITDA: capital expenditures, income taxes paid, income tax refund, dividends paid) / (inter-est expense, current portion bank debt, current portion leases) and funded debt to EBITDA ratio (bank debt/ EBITDA) on ARC group level, as well as loan to value clauses for secured debt. \u2022 The debt in Wallenius Wilhelmsen Solutions is subject to minimum liquidity and gearing ratio (net interest-bearing debt divided by net interest-bearing debt plus book equity) on a consolidated group level.The covenants and ratios are customized to reflect the financial situation of the financing unit. Certain loan agreements also have change of control clauses. As of December 31, 2023 (similar to 2022), the group is in compliance with all financial and non-financial covenants. Covenants can be adjusted in the event of material changes in accounting principles.Reconciliation of liabilities arising from financing activitiesNon-current Current interest-bearing interest-bearing Non-current Current lease Total financing USD milliondebtdebtlease liabilitiesliabilitiesactivitiesTotal debt December 31, 2022 2,200 316 1,254 317 4,087Proceeds from loans and bonds 473 - - - 473Repayments of loans, bonds and leases (50) (605) - (319) (975)New lease contracts and amendments, net - - 26 128 154Foreign exchange movements 12 (25) 4 - (10)Other non-cash movements - (18) - - (17)Reclassification (738) 738 (187) 187 -Total interest-bearing debt December 31, 2023 1,897 406 1,097 313 3,713Non-current Current interest-bearing interest-bearing Non-current Current lease Total financing USD milliondebtdebtlease liabilitiesliabilitiesactivitiesTotal debt December 31, 2021 2,158 515 1,218 238 4,128Proceeds from loans and bonds 916 87 - - 1,002Repayments of loans, bonds and leases - (1,095) - (352) (1,447)New lease contracts and amendments, net - - 221 265 486Foreign exchange movements (63) (4) (20) (1) (88)Other non-cash movements (2) 5 - - 3Reclassification (808) 808 (165) 167 3Total interest-bearing debt December 31, 2022 2,200 316 1,254 317 4,087In the first quarter of 2023, EUKOR extended two revolving credit facilities, for USD 10 million and USD 15 million respectively, in shipping services by one year. Wallenius Wilhelmsen ASA established a new one year USD 100 million revolving credit facility for general corporate purposes, secured by five previously unencumbered vessels. During the second quarter, EUKOR closed a financing of USD 75 million. This was related to refinancing of two vessels and purchase of a third vessel, which was previously held under a lease agreement. In the third quarter, Wallenius Wilhelmsen ASA issued a new five year sustainabili-ty-linked bond for NOK 1 billion (USD 94 million), while at the same time buying back bond debt of NOK 528 million (USD 50 million) which was to mature in September 2024. Also in the third quarter of 2023, a new five year revolving credit facility of USD 345 million was signed in the logistics segment. This refinanced an existing revolving credit facility of USD 320 million. In the fourth quarter, EUKOR extended a revolving credit facility of USD 25 million for one year while also signing a new revolving credit facility of USD 25 million. WW Ocean signed a new 18 months revolving credit facility of USD 150 million, secured in accounts receivable. This refinanced an undrawn revolving credit facility of USD 100 million. Wallenius Wilhelmsen ASA cancelled the undrawn revolving credit facil-ity of USD 100 million releasing the encumberance of 5 vessels.At December 31, 2023, the group had 16 unencumbered vessels with a total net carrying value of USD 271 million.Repayment schedule for interest-bearing liabilitiesLeasing Other interest USD million Bank loans Bondscommitmentsbearing debt Dec 31, 2023Due in 2024 260 145 313 - 719Due in 2025 364 - 253 - 617Due in 2026 267 197 193 - 657Due in 2027 197 123 138 - 459Due in 2028 and later 665 99 514 - 1,277Total repayable interest-bearing debt 1,753 565 1,410 - 3,728Amortized financing costs (11) (5) - - (16)Total 1,742 560 1,410 - 3,713Leasing Other interest USD million Bank loans Bondscommitmentsbearing debt Dec 31, 2022Due in 2023 297 - 317 19 633Due in 2024 556 203 217 - 977Due in 2025 348 - 262 - 609Due in 2026 256 203 257 - 716Due in 2027 and later 522 127 518 - 1,167Total repayable interest-bearing debt 1,978 534 1,572 19 4,103Amortized financing costs (11) (4) - - (15)Total 1,967 529 1,572 19 4,087Net debt reconciliationThis section sets out an analysis of net debt and the movements in net debt for each of the periods presented.USD million 2023 2022Gross debt \u2013 fixed interest rates 1,429 1,602Gross debt \u2013 variable interest rates 2,283 2,485Less Cash and cash equivalents 1,705 1,216Net debt 2,007 2,872A key part of the liquidity reserve takes the form of undrawn committed drawing rights, which amounted to USD 397 million at December 31, 2023 (2022: USD 247 million). See note 21.Carrying value of mortgaged and leased assetsUSD million 2023 2022Vessels 4,374 4,699Property & land 533 487Accounts receivable 253 2811Shares in Wallenius Wilhelmsen Solutions Holding AS 433 383Total carrying value of mortgaged and leased assets 5,592 5,8491 Carrying value in Wallenius Wilhelmsen ASA.The carrying amounts of the group\u2019s borrowings are denominated in the following currencies:USD million 2023 2022USD 3,144 3,546NOK 560 529KRW 9 12Total carrying amounts of group\u2019s borrowings 3,713 4,087See otherwise note 17 for information on financial derivatives (interest rates and currency hedges) relating to interest-bearing liabilities.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__76": {
"value": "Note 17. Financial riskThrough its activities, the group has exposure to a variety of financial risks:\u2022 Market risk - Foreign exchange rate risk - Interest rate risk - Fuel oil price risk\u2022 Credit risk\u2022 Liquidity risk\u2022 Climate riskThe financial risk management of the group focuses on the unpredictability of finan-cial markets and seek to minimize potential adverse effects on the group\u2019s financial performance. Derivative financial instruments are used to hedge certain exposures.Wallenius Wilhelmsen is exposed to a number of climate-related risks and the financially material climate risks are primarily related to the group\u2019s shipping segment. Climate-related risk includes both transition risk and physical risk. The group considers that transition risk is likely to have the greater effect on the group in terms of impact and probability, but it is also exposed to physical risks, such as flooding and drought, of which lower capacity in the Panama Canal is an example. The group is in the process of assessing its financial exposure to climate risk. See the \u201cManaging climate risks and opportunities\u201d section under Planet for further details.Identification, evaluation and hedging of financial risk are carried out by the central treasury department under policies approved by the board of directors.Hedge accounting has not been applied for any economic hedges. Any change in market value of economic hedge derivatives is recognized in the income state-ment. Economic hedge derivatives are recognized at fair value in the balance sheet.Market riskMarket risk is defined as risk related to changes in market prices, such as foreign exchange rates and interest rates, that will affect the group\u2019s profit or the values of its holdings of financial instruments. The sensitivity analyses in the sections below relate to the position of financial instruments at December 31, 2023. It is assumed that the sensitivities have a symmetric impact, i.e. an increase in rates results in the same absolute movement as a decrease in rates. Economic hedging strate-gies have been established in order to reduce market risks in line with the financial strategy approved by the board of directors. Foreign exchange rate riskThe group is exposed to currency risk on revenues and expenses in non-functional currencies (transaction (cash flow) risk) and balance sheet items denominated in currencies other than USD (translation risk). The group\u2019s largest foreign exchange exposure is EUR against USD, but the group also has exposure to a number of other currencies whereof KRW, JPY, SEK, CNY and NOK are most important.Various financial derivatives, such as forwards, options and cross-currency (basis) swaps are used to hedge this exposure. Key aspects of the currency hedging policy are:\u2022 Net cash flows in other significant currencies than USD can be hedged using a layered model with up to a 36-month horizon\u2022 Significant capital commitments or divestments in other currencies than USD are hedged\u2022 Balance sheet exposure in currencies other than USD shall in general be hedged. The group will, however, in each case consider factors such as the asset-liability match and the currency of any related cash flow.Economic hedging of transaction riskThe group has an economic hedging program for NOK and SEK exposures in place as of both year-ends 2023 and 2022.The portfolio of derivatives used to economically hedge the group\u2019s transaction risk exhibit the following income statement sensitivity:USD millionIncome statement sensitivities of economic hedge programChange in exchange rate levels (20%) (10%) 0% 10% 20%2023Transaction riskUSD/NOK spot rate 8.10 9.12 10.13 11.14 12.15Income statement effect (post tax) 3 1 - (1) (3)USD/SEK spot rate 8.04 9.05 10.05 11.06 12.06Income statement effect (post tax) 2 1 - (1) (2)Change in exchange rate levels (20%) (10%) 0% 10% 20%2022Transaction riskUSD/NOK spot rate 7.87 8.85 9.84 10.82 11.81Income statement effect (post tax) 3 1 - (1) (3)USD/SEK spot rate 8.32 9.36 10.40 11.44 12.48Income statement effect (post tax) 2 1 - (1) (2)(Tax rate used is 22 percent, which equals the corporate tax rate in Norway)Economic hedging of translation risk At December 31, 2023, the group has outstanding NOK-denominated bonds of about NOK 5.72 billion (USD 565 million). The corresponding amount was NOK 5.25 billion (USD 534 million) for 2022. All of this debt (NOK 5.72 billion) has been economically hedged against USD with cross-currency swaps. FX sensitivitiesThe group monitors the net exposure and calculates sensitivities on a regular basis, based on average market volatility per currency cross. Sensitivities showing a potential accounting effect below USD 5 million on group level are considered immaterial. On December 31, 2023 there were no material FX sensitivities. For the period ending December 31, 2023, the net impact from translation differ-ences had a very limited impact on other comprehensive income with USD 4 million (2022: negative USD 7 million). All fair value changes of the financial derivatives, except any fuel oils derivatives in EUKOR, are recognized in profit or loss. Equity sensitivities will therefore equal sensitivities in the income statement.USD million Notes 2023 2022Through income statementFinancial currencyNet currency gain/(loss) \u2013 operating currency 24 (5)Net currency gain/(loss) \u2013 financial currency (2) 62Derivatives for economic hedging of cash flow risk \u2013 unrealized 2 -Derivatives for economic hedging of translation risk \u2013 realized (30) (14)Derivatives for economic hedging of translation risk \u2013 unrealized (3) (67)Net financial currency 6 (10) (25)Through other comprehensive incomeCurrency translation differences through other comprehensive income 4 (7)Total net currency effect (6) (32)Interest rate riskThe group seeks to economically hedge between 20-80 percent of the average net interest rate exposure over the next five years, predominantly through interest rate swaps and fixed rate loans. Interest rate hedges held by the group corresponded to about 50 percent (2022: about 50 percent) of its average net interest exposure at December 31, 2023. Leases are considered fixed rate debt for this calculation.USD million 2023 2022Maturity schedule economic interest rate hedges (nominal amounts)Due in year 1 288 14Due in year 2 253 288Due in year 3 228 253Due in year 4 278 228Due in year 5 and later 54 282Total economic interest rate hedges 1,102 1,066As of December 31, 2023, the group did not hold any forward starting swaps (2022: nil). The average remaining term of the existing loan portfolio is about 3.1 years, while the average remaining term of the running interest rate derivatives and fixed inter-est loans is approximately 2.7 years. Interest rate sensitivitiesThe group\u2019s interest rate risk originates from differences in duration and amounts between interest-bearing assets and interest-bearing liabilities. On the asset side, bank deposits are subject to risk from changes in the general level of interest rates, primarily in USD. On the liability side, the mix of debt and issued bonds with attached fixed or floating coupons \u2013 in combination with financial derivatives on interest rates (plain vanilla interest rates swaps) \u2013 are exposed to changes in the level and curvature of interest rates. The group uses the weighted average dura-tion of interest-bearing assets, liabilities and financial interest rate derivatives to compute the group\u2019s sensitivity towards changes in interest rates. The below table summarizes the interest rate sensitivity towards the fair value of interest-bearing assets and liabilities: USD millionChange in interest rate levels (2%) (1%) 0% 1% 2%2023Fair value sensitivities of interest rate riskEstimated change in fair value (post tax) 50 25 0 (25) (50)Change in interest rate levels (2%) (1%) 0% 1% 2%2022Fair value sensitivities of interest rate riskEstimated change in fair value (post tax) (11) (6) 0 6 11(Tax rate used is 22 percent, which equals the corporate tax rate in Norway)Apart from the fair value sensitivity calculation based on the group\u2019s net duration, the group has cash flow risk exposure stemming from the risk of increased future interest payments on the unhedged part of the group\u2019s interest-bearing debt. Changes in fair value of financial derivatives are recognized in the income statement.The market values of financial derivatives are included under Other non-current assets, Other non-current liabilities, Other current assets and Other current liabil-ities in the balance sheet. Assets Liabilities Assets Liabilities USD million Notes 2023 2022Interest rate derivativesHolding 1 - - -Shipping services 20 1 29 -Government services 1 - 2 -Logistics services 12 - 16 -Total interest rate derivatives 34 1 47 -Derivatives used for economic cash flow hedgingHolding 2 - 3 -Shipping services - - - -Total currency cash flow derivatives 2 - 3 -Derivatives used for economic translation risk hedging (basis swaps)Holding - 75 - 72Shipping services - 1 - 2Total cross currency derivatives (basis swaps) - 76 - 74Other derivatives \u2013 non-controlling shareholder net derivativeShipping services 5 98 - 105 -Total non-controlling shareholder net derivative 98 - 105 -Total market value of derivatives 135 77 155 74Book values equal market values.Fuel price riskThe group is exposed to fuel oil price fluctuations through its operations in Walle-nius Wilhelmsen Ocean, American Roll-On Roll-Off Carrier and EUKOR Car Carriers.As a general principle, fuel adjustment factors (FAF) in customer contracts is the main mechanism to manage fuel oil price risk in the group. In the short term, the group is exposed to changes in the fuel oil price since FAF is calculated based on the average price over a historical period, and then fixed during an application period, creating a lag effect. As at December 31, 2023, the group does not hold any fuel hedging contracts (2022: nil).Credit riskCredit risk is the risk of financial loss to the group if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and originates primarily from the group\u2019s customer receivables, financial derivatives used to economically hedge interest rate risk or foreign exchange risk, as well as bank deposits. Trade receivablesThe group\u2019s exposure to credit risk through its operating entities is influenced mainly by individual characteristics of each customer. The demographics of the group\u2019s customer base, including the default risk of the industry and country in which the customers operate, has less of an influence on credit risk. The group\u2019s shipping segment has historically been considered to have low credit risk as the customers tend to be large and well-reputed. In addition, cargo can be held back. Cash and cash equivalentsThe group\u2019s exposure to credit risk on cash and cash equivalents is considered to be very limited as the group maintains banking relationships with well-reputed and familiar banks and where the group, in most instances, has a net debt posi-tion towards these banks.Financial derivativesThe group\u2019s exposure to credit risk on its financial derivatives is considered to be limited as the group\u2019s counterparties are well reputed and familiar banks.Credit risk exposureThe carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was: USD million Notes 2023 2022Exposure to credit riskLong-term investments 19 54 59Financial derivatives \u2013 asset 19 32 51Other non-current assets 19 12 12Trade receivables 20 616 605Other current assets 19 231 191Cash and cash equivalents 1,705 1,216Total exposure to credit risk 2,650 2,134Book values equal market values.Liquidity riskThe group\u2019s approach to managing liquidity is to secure that it will always have sufficient liquidity to meet its liabilities, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the group\u2019s reputation.The group\u2019s liquidity risk is considered low in that it holds significant liquid assets in addition to credit facilities with the banks. The group regularly issues NOK debt in the Norwegian bond market, with proceeds swapped into USD via cross-currency swaps at the time of each issue. If the USD/NOK exchange rate increases above certain thresholds from the rate at the time of issue, the company will need to post cash collateral with the counterparties based on the mark-to-market value above the threshold. The cash collateral is released back to the company if the USD/NOK exchange rate decreases. As of December 31, 2023, the group had posted USD 5 million in cash collateral relating to cross-cur-rency swaps for the four outstanding NOK bonds. The cash collateral is recognized in Other current assets in the balance sheet. At December 31, 2023, the group had USD 1,705 million (2022: USD 1,216 million) in liquid assets which can be realized over a three-day period in addition to USD 397 million (2022: USD 247 million) in undrawn capacity under its bank facilities. Undiscounted cash flows financial liabilitiesLess than Between Between Later than USD million1 year1 and 2 years2 and 5 years5 years2023Bank loans 373 454 1,186 131Bonds 279 66 494 -Current liabilities (excluding next year's installment on interest-bearing debt, lease liabilities and financial derivatives) 683 - - -Total non-derivative liabilities excluding leasing 1,335 520 1,680 131Leasing liabilities 412 360 584 492Financial derivatives (37) (23) (24) (5)Total gross undiscounted cash flows financial liabilities at December 31 1,711 857 2,240 618Less than Between Between Later than USD million1 year1 and 2 years2 and 5 years5 years2022Bank loans 423 645 939 357Bonds 62 261 397 -Current liabilities (excluding next year's installment on interest-bearing debt, lease liabilities and financial derivatives) 543 - - -Total non-derivative liabilities excluding leasing 1,029 906 1,336 357Leasing liabilities 517 418 896 696Financial derivatives (25) (20) (31) -Total gross undiscounted cash flows financial liabilities at December 31 1,522 1,304 2,201 1,053Interest expenses on floating interest-bearing debt included above have been computed using interest rate curves as of year-end.CovenantsMost financing is subject to certain financial and non-financial covenants or restric-tions. Please see note 16 Interest-bearing liabilities for further information.Capital risk managementThe group\u2019s policy is to maintain a strong capital base to maintain investor, credi-tor and market confidence and to sustain future development of the business. The board of directors monitors return on capital employed, which the group defines as operating profit divided by capital employed (shareholders equity and inter-est-bearing liabilities). The board also monitors the level of dividends to sharehold-ers. In February 2024, the board of directors decided on a revised dividend policy to be approved by the AGM. The level of dividends will still be based on a range of 30-50 percent of the group\u2019s net profit after tax on an annual basis. However, dividend payments will be made on a semi-annual \u201cpay-as-you-go\u201d basis. Poten-tial dividends will be declared in connection with the second and fourth quarter interim reports and be based on earnings of the first and second half of the year, respectively. When determining the size of the dividend, the board will consider its financial targets, near-term market outlook, the group\u2019s financial position, future capital requirements, as well as other relevant factors. The group seeks to maintain a balance between the potentially higher returns that can be achieved with a higher level of debt and the advantages of maintaining a solid capital position. The group\u2019s target is to achieve an adjusted return on capital employed over time that exceeds 8 percent. In 2023, the return on capital employed was 16.1 percent. See reconciliation of alternative performance measures for defi-nition and calculation.Fair value estimationThe fair value of financial instruments traded in an active market is based on quoted market prices at the balance sheet date. The fair value of financial instru-ments not traded in an active market (over-the-counter contracts) are based on third party quotes.These quotes use the maximum number of observable market rates for price discov-ery. Specific valuation techniques used to value financial instruments include:\u2022 Quoted market prices or dealer quotes for similar instruments\u2022 The fair value of interest rate swaps is calculated as the present value of the estimated future cash flows based on observable yield curves\u2022 The fair value of forward foreign exchange contracts is determined using forward exchange rates at the balance sheet date, with the resulting value discounted back to present value and\u2022 The fair value of foreign exchange option contracts is determined using observable forward exchange rates, volatility, yield curve and time-to-maturity parameters at the balance sheet date, resulting in an option premiumThe carrying value less impairment allowance of trade receivables and payables are assumed to approximate their fair values. The fair value of financial liabilities for disclosure purposes is estimated by discounting the future contractual cash flows at the current market interest rate that is available to the group for similar financial instruments.Interest-bearing liabilitiesUSD million Fair value Book value2023Bank loans 1,678 1,742Bonds 584 560Leasing liabilities 1,475 1,410Other - -Total interest-bearing liabilities at December 31 3,736 3,713USD million Fair value Book value2022Bank loans 1,868 1,967Bonds 543 529Leasing liabilities 1,617 1,572Other 19 19Total interest-bearing liabilities at December 31 4,047 4,087Bonds are considered to be level 1 in the fair value hierarchy. All other interest-bear-ing liabilities are considered to be level 3 in the fair value hierarchy.Fair value hierarchyUSD million Notes Level 1 Level 2 Level 3 Total balance2023Financial assets at fair value through income statement- Financial derivatives - 36 - 36- Non-controlling shareholder net derivative 5 - - 98 98Total assets at December 31 - 36 98 135Financial liabilities at fair value through income statement- Financial derivatives - 77 - 77Total liabilities at December 31 - 77 - 77USD million Notes Level 1 Level 2 Level 3 Total balance2022Financial assets at fair value through income statement- Financial derivatives - 51 - 51- Non-controlling shareholder net derivative 5 - - 105 105Total assets at December 31 - 51 105 155Financial liabilities at fair value through income statement- Financial derivatives - 74 - 74Total liabilities at December 31 - 74 - 74The fair value of financial instruments not traded in an active market is based on third-party quotes (mark-to-market). These quotes use the maximum number of observable market rates for price discovery. The different valuation techniques typically applied by financial counterparties (banks) are described above. These instruments \u2013 currency and interest rate derivatives \u2013 are included in level two.Financial instruments by categoryAssets at fair Assets at value through the USD millionamortized costincome statement Other Total2023AssetsOther non-current assets - 130 72 203Trade receivables 616 - - 616Other current assets 5 - 226 231Cash and cash equivalents 1,705 - - 1,705Assets at December 31 2,327 130 298 2,755Liabilities at fair Other financial value through the liabilities at USD millionincome statementamortized cost Total2023LiabilitiesNon-current interest-bearing debt - 1,897 1,897Non-current lease liabilities - 1,097 1,097Other non-current liabilities 56 7 63Trade payables - 103 103Current interest-bearing debt - 406 406Current lease liabilities - 313 313Other current liabilities 21 31 52Liabilities at December 31 77 3,853 3,930Assets at fair Assets at value through the USD millionamortized costincome statement Other Total2022AssetsOther non-current assets - 155 79 235Trade receivables 605 - - 605Other current assets 2 - 189 191Cash and cash equivalents 1,216 - - 1,216Assets at December 31 1,822 155 269 2,247Liabilities at fair Other financial value through the liabilities at USD millionincome statementamortized cost Total2022LiabilitiesNon-current interest-bearing debt - 2,200 2,200Non-current lease liabilities - 1,254 1,254Other non-current liabilities 74 21 95Trade payables - 112 112Current interest-bearing debt - 316 316Current lease liabilities - 317 317Other current liabilities - 15 16Liabilities at December 31 74 4,236 4,310",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__71": {
"value": "Market riskMarket risk is defined as risk related to changes in market prices, such as foreign exchange rates and interest rates, that will affect the group\u2019s profit or the values of its holdings of financial instruments. The sensitivity analyses in the sections below relate to the position of financial instruments at December 31, 2023. It is assumed that the sensitivities have a symmetric impact, i.e. an increase in rates results in the same absolute movement as a decrease in rates. Economic hedging strate-gies have been established in order to reduce market risks in line with the financial strategy approved by the board of directors. Foreign exchange rate riskThe group is exposed to currency risk on revenues and expenses in non-functional currencies (transaction (cash flow) risk) and balance sheet items denominated in currencies other than USD (translation risk). The group\u2019s largest foreign exchange exposure is EUR against USD, but the group also has exposure to a number of other currencies whereof KRW, JPY, SEK, CNY and NOK are most important.Various financial derivatives, such as forwards, options and cross-currency (basis) swaps are used to hedge this exposure. Key aspects of the currency hedging policy are:\u2022 Net cash flows in other significant currencies than USD can be hedged using a layered model with up to a 36-month horizon\u2022 Significant capital commitments or divestments in other currencies than USD are hedged\u2022 Balance sheet exposure in currencies other than USD shall in general be hedged. The group will, however, in each case consider factors such as the asset-liability match and the currency of any related cash flow.Economic hedging of transaction riskThe group has an economic hedging program for NOK and SEK exposures in place as of both year-ends 2023 and 2022.The portfolio of derivatives used to economically hedge the group\u2019s transaction risk exhibit the following income statement sensitivity:USD millionIncome statement sensitivities of economic hedge programChange in exchange rate levels (20%) (10%) 0% 10% 20%2023Transaction riskUSD/NOK spot rate 8.10 9.12 10.13 11.14 12.15Income statement effect (post tax) 3 1 - (1) (3)USD/SEK spot rate 8.04 9.05 10.05 11.06 12.06Income statement effect (post tax) 2 1 - (1) (2)Change in exchange rate levels (20%) (10%) 0% 10% 20%2022Transaction riskUSD/NOK spot rate 7.87 8.85 9.84 10.82 11.81Income statement effect (post tax) 3 1 - (1) (3)USD/SEK spot rate 8.32 9.36 10.40 11.44 12.48Income statement effect (post tax) 2 1 - (1) (2)(Tax rate used is 22 percent, which equals the corporate tax rate in Norway)Economic hedging of translation risk At December 31, 2023, the group has outstanding NOK-denominated bonds of about NOK 5.72 billion (USD 565 million). The corresponding amount was NOK 5.25 billion (USD 534 million) for 2022. All of this debt (NOK 5.72 billion) has been economically hedged against USD with cross-currency swaps. FX sensitivitiesThe group monitors the net exposure and calculates sensitivities on a regular basis, based on average market volatility per currency cross. Sensitivities showing a potential accounting effect below USD 5 million on group level are considered immaterial. On December 31, 2023 there were no material FX sensitivities. For the period ending December 31, 2023, the net impact from translation differ-ences had a very limited impact on other comprehensive income with USD 4 million (2022: negative USD 7 million). All fair value changes of the financial derivatives, except any fuel oils derivatives in EUKOR, are recognized in profit or loss. Equity sensitivities will therefore equal sensitivities in the income statement.USD million Notes 2023 2022Through income statementFinancial currencyNet currency gain/(loss) \u2013 operating currency 24 (5)Net currency gain/(loss) \u2013 financial currency (2) 62Derivatives for economic hedging of cash flow risk \u2013 unrealized 2 -Derivatives for economic hedging of translation risk \u2013 realized (30) (14)Derivatives for economic hedging of translation risk \u2013 unrealized (3) (67)Net financial currency 6 (10) (25)Through other comprehensive incomeCurrency translation differences through other comprehensive income 4 (7)Total net currency effect (6) (32)Interest rate riskThe group seeks to economically hedge between 20-80 percent of the average net interest rate exposure over the next five years, predominantly through interest rate swaps and fixed rate loans. Interest rate hedges held by the group corresponded to about 50 percent (2022: about 50 percent) of its average net interest exposure at December 31, 2023. Leases are considered fixed rate debt for this calculation.USD million 2023 2022Maturity schedule economic interest rate hedges (nominal amounts)Due in year 1 288 14Due in year 2 253 288Due in year 3 228 253Due in year 4 278 228Due in year 5 and later 54 282Total economic interest rate hedges 1,102 1,066As of December 31, 2023, the group did not hold any forward starting swaps (2022: nil). The average remaining term of the existing loan portfolio is about 3.1 years, while the average remaining term of the running interest rate derivatives and fixed inter-est loans is approximately 2.7 years. Interest rate sensitivitiesThe group\u2019s interest rate risk originates from differences in duration and amounts between interest-bearing assets and interest-bearing liabilities. On the asset side, bank deposits are subject to risk from changes in the general level of interest rates, primarily in USD. On the liability side, the mix of debt and issued bonds with attached fixed or floating coupons \u2013 in combination with financial derivatives on interest rates (plain vanilla interest rates swaps) \u2013 are exposed to changes in the level and curvature of interest rates. The group uses the weighted average dura-tion of interest-bearing assets, liabilities and financial interest rate derivatives to compute the group\u2019s sensitivity towards changes in interest rates. The below table summarizes the interest rate sensitivity towards the fair value of interest-bearing assets and liabilities: USD millionChange in interest rate levels (2%) (1%) 0% 1% 2%2023Fair value sensitivities of interest rate riskEstimated change in fair value (post tax) 50 25 0 (25) (50)Change in interest rate levels (2%) (1%) 0% 1% 2%2022Fair value sensitivities of interest rate riskEstimated change in fair value (post tax) (11) (6) 0 6 11(Tax rate used is 22 percent, which equals the corporate tax rate in Norway)Apart from the fair value sensitivity calculation based on the group\u2019s net duration, the group has cash flow risk exposure stemming from the risk of increased future interest payments on the unhedged part of the group\u2019s interest-bearing debt. Changes in fair value of financial derivatives are recognized in the income statement.The market values of financial derivatives are included under Other non-current assets, Other non-current liabilities, Other current assets and Other current liabil-ities in the balance sheet. Assets Liabilities Assets Liabilities USD million Notes 2023 2022Interest rate derivativesHolding 1 - - -Shipping services 20 1 29 -Government services 1 - 2 -Logistics services 12 - 16 -Total interest rate derivatives 34 1 47 -Derivatives used for economic cash flow hedgingHolding 2 - 3 -Shipping services - - - -Total currency cash flow derivatives 2 - 3 -Derivatives used for economic translation risk hedging (basis swaps)Holding - 75 - 72Shipping services - 1 - 2Total cross currency derivatives (basis swaps) - 76 - 74Other derivatives \u2013 non-controlling shareholder net derivativeShipping services 5 98 - 105 -Total non-controlling shareholder net derivative 98 - 105 -Total market value of derivatives 135 77 155 74Book values equal market values.Fuel price riskThe group is exposed to fuel oil price fluctuations through its operations in Walle-nius Wilhelmsen Ocean, American Roll-On Roll-Off Carrier and EUKOR Car Carriers.As a general principle, fuel adjustment factors (FAF) in customer contracts is the main mechanism to manage fuel oil price risk in the group. In the short term, the group is exposed to changes in the fuel oil price since FAF is calculated based on the average price over a historical period, and then fixed during an application period, creating a lag effect. As at December 31, 2023, the group does not hold any fuel hedging contracts (2022: nil).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__72": {
"value": "Credit risk is the risk of financial loss to the group if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and originates primarily from the group\u2019s customer receivables, financial derivatives used to economically hedge interest rate risk or foreign exchange risk, as well as bank deposits. Trade receivablesThe group\u2019s exposure to credit risk through its operating entities is influenced mainly by individual characteristics of each customer. The demographics of the group\u2019s customer base, including the default risk of the industry and country in which the customers operate, has less of an influence on credit risk. The group\u2019s shipping segment has historically been considered to have low credit risk as the customers tend to be large and well-reputed. In addition, cargo can be held back. Cash and cash equivalentsThe group\u2019s exposure to credit risk on cash and cash equivalents is considered to be very limited as the group maintains banking relationships with well-reputed and familiar banks and where the group, in most instances, has a net debt posi-tion towards these banks.Financial derivativesThe group\u2019s exposure to credit risk on its financial derivatives is considered to be limited as the group\u2019s counterparties are well reputed and familiar banks.Credit risk exposureThe carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was: USD million Notes 2023 2022Exposure to credit riskLong-term investments 19 54 59Financial derivatives \u2013 asset 19 32 51Other non-current assets 19 12 12Trade receivables 20 616 605Other current assets 19 231 191Cash and cash equivalents 1,705 1,216Total exposure to credit risk 2,650 2,134Book values equal market values.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__73": {
"value": "The group\u2019s approach to managing liquidity is to secure that it will always have sufficient liquidity to meet its liabilities, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the group\u2019s reputation.The group\u2019s liquidity risk is considered low in that it holds significant liquid assets in addition to credit facilities with the banks. The group regularly issues NOK debt in the Norwegian bond market, with proceeds swapped into USD via cross-currency swaps at the time of each issue. If the USD/NOK exchange rate increases above certain thresholds from the rate at the time of issue, the company will need to post cash collateral with the counterparties based on the mark-to-market value above the threshold. The cash collateral is released back to the company if the USD/NOK exchange rate decreases. As of December 31, 2023, the group had posted USD 5 million in cash collateral relating to cross-cur-rency swaps for the four outstanding NOK bonds. The cash collateral is recognized in Other current assets in the balance sheet. At December 31, 2023, the group had USD 1,705 million (2022: USD 1,216 million) in liquid assets which can be realized over a three-day period in addition to USD 397 million (2022: USD 247 million) in undrawn capacity under its bank facilities. Undiscounted cash flows financial liabilitiesLess than Between Between Later than USD million1 year1 and 2 years2 and 5 years5 years2023Bank loans 373 454 1,186 131Bonds 279 66 494 -Current liabilities (excluding next year's installment on interest-bearing debt, lease liabilities and financial derivatives) 683 - - -Total non-derivative liabilities excluding leasing 1,335 520 1,680 131Leasing liabilities 412 360 584 492Financial derivatives (37) (23) (24) (5)Total gross undiscounted cash flows financial liabilities at December 31 1,711 857 2,240 618Less than Between Between Later than USD million1 year1 and 2 years2 and 5 years5 years2022Bank loans 423 645 939 357Bonds 62 261 397 -Current liabilities (excluding next year's installment on interest-bearing debt, lease liabilities and financial derivatives) 543 - - -Total non-derivative liabilities excluding leasing 1,029 906 1,336 357Leasing liabilities 517 418 896 696Financial derivatives (25) (20) (31) -Total gross undiscounted cash flows financial liabilities at December 31 1,522 1,304 2,201 1,053Interest expenses on floating interest-bearing debt included above have been computed using interest rate curves as of year-end.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__78": {
"value": "Note 18. Provisions and contingenciesContingent liabilitiesThe group is sometimes party to lawsuits related to laws and regulations in various jurisdictions arising from the conduct of its business, including on-going class action processes. Based on information currently available, the probability of any such cases resulting in a material outflow of resources is low, and a provision has not been recognized.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__77": {
"value": "Contingent liabilitiesThe group is sometimes party to lawsuits related to laws and regulations in various jurisdictions arising from the conduct of its business, including on-going class action processes. Based on information currently available, the probability of any such cases resulting in a material outflow of resources is low, and a provision has not been recognized.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__79": {
"value": "Note 19. Specification of balance sheetUSD million 2023 2022Other non-current assets1Long-term investments 54 59Financial derivatives 32 51Pension assets 6 8Derivative financial asset 98 105Investments in joint ventures and associates 21 12Other non-current assets 12 12Total other non-current assets 224 247USD million 2023 2022Other current assetsFinancial derivatives 5 -Prepaid expenses 227 191Total other current assets 231 191",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__80": {
"value": "USD million 2023 2022Other non-current assets1Long-term investments 54 59Financial derivatives 32 51Pension assets 6 8Derivative financial asset 98 105Investments in joint ventures and associates 21 12Other non-current assets 12 12Total other non-current assets 224 247",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__81": {
"value": "USD million 2023 2022Other current assetsFinancial derivatives 5 -Prepaid expenses 227 191Total other current assets 231 191",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__84": {
"value": "Other non-current liabilitiesFinancial derivatives 56 74Other non-current liabilities 7 21Total other non-current liabilities 63 95",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__82-1": {
"value": "Other non-current liabilitiesFinancial derivatives 56 74Other non-current liabilities 7 21Total other non-current liabilities 63 95Other current liabilitiesFinancial derivatives 21 -2Contract liabilities 197 169Other accrued operating expenses 316 294Other current liabilities 31 15Total other current liabilities 564 4791 Long-term investments include EUKOR\u2019s 0.76 percent ownership of the shares in KOBC (Korean Ocean Business Corporation). These shares are held for long-term strate-gic benefits and the group has made an irrevocable decision to present changes in fair value through other comprehensive income. An additional investment of USD 8 million has been made during 2023 and the fair value has decreased by USD 3 million, resulting in a fair value of the investment of USD 44 million at December 31, 2023 (2022: USD 39 million). The movement in fair value is primarily related to the results in KOBC\u2019s underlying investments.2 The contract liabilities represent the obligation to complete freight services for customers for which consideration has been received from the customers. Contract liabilities per December 31, 2022 have been recognized as freight revenue in 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__85": {
"value": "Other current liabilitiesFinancial derivatives 21 -2Contract liabilities 197 169Other accrued operating expenses 316 294Other current liabilities 31 15Total other current liabilities 564 4791 Long-term investments include EUKOR\u2019s 0.76 percent ownership of the shares in KOBC (Korean Ocean Business Corporation). These shares are held for long-term strate-gic benefits and the group has made an irrevocable decision to present changes in fair value through other comprehensive income. An additional investment of USD 8 million has been made during 2023 and the fair value has decreased by USD 3 million, resulting in a fair value of the investment of USD 44 million at December 31, 2023 (2022: USD 39 million). The movement in fair value is primarily related to the results in KOBC\u2019s underlying investments.2 The contract liabilities represent the obligation to complete freight services for customers for which consideration has been received from the customers. Contract liabilities per December 31, 2022 have been recognized as freight revenue in 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__86": {
"value": "Note 20. Trade receivables and trade payablesTrade receivablesAt December 31, 2023, USD 64 million (2022: USD 57 million) in trade receivables had fallen due. These receivables are related to a number of separate customers. Historically, the percentage of credit losses on trade receivables has been low and the group expects the receivables to be recoverable. The expected credit losses on trade receivables are estimated by reference to past default experience of the debtor and an analysis of the debtor\u2019s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry and an assessment of both the current as well as the forecast direction of conditions at the reporting date. The group\u2019s customers are generally large, multi-national OEMs and historic credit losses have been minor. At December 31, 2023, the group\u2019s impairment allowance on receivables amounts to approximately USD 4 million (2022: USD 4 million). Approx. 64 percent of the impairment allowance relates to the logistics segment and 36 percent to the ship-ping segment in 2023 (74 percent and 26 percent respectively for 2022). The aging profile of trade receivables that are past due is as follows:USD million 2023 2022Aging of trade receivables fallen due31-60 days 30 2661-90 days 15 1091-180 days 18 15Over 180 days 2 6Total fallen due 64 57Trade receivables per segmentShipping services 428 414Logistics services 139 130Government services 49 61Total trade receivables 616 605",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__88": {
"value": "At December 31, 2023, USD 5 million in trade payables had fallen due (2022: USD 4 million). These payables refer to a number of separate suppliers and are related to general business. The group expects to settle outstanding payables within 30-60 days. USD million 2023 2022Trade payables per segmentShipping services 51 56Logistics services 49 53Government services 3 3Holding - -Total trade payables 103 112",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__89": {
"value": "Note 21. Restricted bank deposits and undrawn commited drawing rightsUSD million 2023 2022Payroll tax withholding account (included in cash and cash equivalents) 1 1USD million 2023 2022Undrawn committed drawing rights 397 247Of which backstop for outstanding certificates and bonds with a remaining term of less than 12 months to maturity 145 -Undrawn committed loans - -",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__90": {
"value": "Note 22. Related party transactionsTransactions with related partiesThe two main shareholders of Wallenius Wilhelmsen ASA are Walleniusrederierna AB and Wilh. Wilhelmsen Holding ASA with 37.82 and 37.87 percent of the shares respectively. The Wilhelmsen family controls Wilh. Wilhelmsen Holding ASA (WWH group) through Tallyman AS, and the Wallenius Kleberg family controls Walle-niusrederierna AB through Rederi AB Soya (Soya group).For participation in the board of directors, Thomas Wilhelmsen received USD 62 thousand. Jonas Kleberg has not received compensation for participation in the nomination committee.The group has undertaken several transactions with related parties within the Wilh. Wilhelmsen Holding ASA (WWH), Wilservice AS, Wilhelmsen Maritime Services group (WMS group) and Soya group. All transactions are entered into in the ordinary course of business of the company and the agreements pertaining to the transactions are all entered into on commercial market terms.Wilh. Wilhelmsen Holding ASA (WWH) delivers services to the Wallenius Wilhelmsen ASA group including human resources (shared services) and in-house services such as canteen, post, switchboard and rent of office facilities. Generally, shared services are priced using a cost plus 5 percent margin calculation, in accordance with the principles set out in the OECD Transfer Pricing Guidelines and are delivered according to agreements that are renewed annually. In addition, the Soya group delivers rent of office facilities to the group.Historically and currently, the majority shareholders, WWH and Soya, further deliver several services to the group, based on the principles set out in the OECD\u2019s transfer pricing guidelines for group services, including, inter alia, cost plus basis or based on independent broker estimates. In the event services are provided to both external and internal parties, the prices set forth in the contracts regarding such services, are on same level for both the external and the internal customers. The services cover:\u2022 ship management including crewing, technical and management service\u2022 insurance brokerage\u2022 agency services\u2022 freight and liner services\u2022 marine products to vesselsUSD million 2023 2022Income statementOperating revenue from related partied within WWH group 1 1Operating revenue from related partied within Soya group 1 -Operating expenses to related parties within WWH group 22 19Operating expenses to related parties within Soya group 14 14USD million 2023 2022Balance sheetNon-current receivables from related parties within Soya group - -Current receivables from related parties within Soya group - 3Non-current loan/payables to related parties within Soya group - -Current loan/payables to related parties within Soya group - 2Non-current receivables from related parties within WWH group - -Current receivables from related parties within WWH group - 1Non-current loan/payables to related parties within WWH group - -Current loan/payables to related parties within WWH group 3 4",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s8_notes__7__91": {
"value": "Note 23. Events after the balance sheet dateIn January 2024, the 6,600 CEU, 2006 built vessel Morning Camilla was acquired by the 80 percent owned subsidiary EUKOR following the exercising of a purchase option at the end of its long-term lease agreement. In February 2024, ARC acquired M/V Tulane from Wallenius Wilhelmsen Ocean. The sale will lead to an estimated gain of USD 12 million in the shipping segment in the first quarter of 2024. The gain will be eliminated on group level. A new bank loan of USD 63 million was drawn down in ARC (government segment) to finance the purchase. Also in February, the group exercised options to build four additional Shaper Class pure car and truck carrier (PCTC) vessels. The 9,300 CEU class methanol dual fuel vessels will also be ammonia ready and are expected to be delivered between May and November 2027.Following the end of the quarter, Wallenius Wilhelmsen announced the signing of multiple customer contracts valid from 2024 and onwards. The new contracts reflect current market conditions and have durations between two and three years plus potential extension options. The board proposes a dividend of USD 1.14 per share to be paid for full-year 2023 as well as a revised dividend policy to be voted upon at the company\u2019s AGM on April 30, 2024. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:549300NBN0URT3RA3Y54",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
}
}
}